CHARITY REGISTRATION NUMBER: 1139627
SHRI HARI CHARITABLE TRUST Unaudited Financial Statements 31 October 2024
AMIN PATEL & SHAH LTD
Accountants 334 - 336 Goswell Road London EC1V 7RP
SHRI HARI CHARITABLE TRUST
Financial Statements
Year ended 31 October 2024
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| Trustees' annual report | 1 |
| Statement of financial activities | 2 |
| Statement of financial position | 3 |
| Statement of cash flows | 4 |
| Notes to the financial statements | 5 |
Page 1
SHRI HARI CHARITABLE TRUST
Trustees' Annual Report
Year ended 31 October 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 October 2024.
Reference and administrative details
Registered charity name SHRI HARI CHARITABLE TRUST Charity registration number 1139627 Principal office
The trustees
Mr D.R. Amin Mr M.D. Amin
Accountants AMIN PATEL & SHAH LTD Accountants 334 - 336 Goswell Road London EC1V 7RP
The trustees' annual report was approved on 28 August 2026 and signed on behalf of the board of trustees by:
Mr D.R. Amin Mr M.D. Amin Trustee Trustee
Page 2
SHRI HARI CHARITABLE TRUST
Statement of Financial Activities
Year ended 31 October 2024
| 2024 | 2024 | 2023 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 167,901 | 167,901 | 101,671 |
| Other trading activities | 5 | 22,051 | 22,051 | 29,184 |
| Investment income | 6 | 9 | 9 | – |
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| Total income | 189,961 | 189,961 | 130,855 | |
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| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Costs of raising donations and legacies | 7 | 4,716 | 4,716 | 4,838 |
| Expenditure on charitable activities | 8,9 | 176,145 | 176,145 | 142,644 |
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| Total expenditure | 180,861 | 180,861 | 147,482 | |
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| Net income/(expenditure) and net movement in funds | 9,100 | 9,100 | (16,627) | |
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| Reconciliation of funds | ||||
| Total funds brought forward | 122,117 | 122,117 | 138,744 | |
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| Total funds carried forward | 131,217 | 131,217 | 122,117 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 5 to 10 form part of these financial statements.
Page 3
SHRI HARI CHARITABLE TRUST
Statement of Financial Position
31 October 2024
| 31 October 2024 | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 12 | 482,978 | 482,978 |
| Current assets | |||
| Debtors | 13 | 9,091 | 9,091 |
| Cash at bank and in hand | 16,148 | 7,048 | |
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| 25,239 | 16,139 | ||
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| Net current assets | 25,239 | 16,139 | |
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| Total assets less current liabilities | 508,217 | 499,117 | |
| Creditors: amounts falling due after more than one year | 14 | 377,000 | 377,000 |
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| Net assets | 131,217 | 122,117 | |
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| Funds of the charity | |||
| Unrestricted funds | 131,217 | 122,117 | |
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| Total charity funds | 15 | 131,217 | 122,117 |
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These financial statements were approved by the board of trustees and authorised for issue on 28 August 2026, and are signed on behalf of the board by:
Mr D.R. Amin Trustee
Mr M.D. Amin Trustee
The notes on pages 5 to 10 form part of these financial statements.
Page 4
SHRI HARI CHARITABLE TRUST
Statement of Cash Flows
Year ended 31 October 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 9,100 | (16,627) |
| Adjustments for: | ||
| Other interest receivable and similar income | (9) | – |
| Interest payable and similar charges | 45 | 60 |
| Changes in: | ||
| Trade and other debtors | – | (9,091) |
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| Cash generated from operations | 9,136 | (25,658) |
| Interest paid | (45) | (60) |
| Interest received | 9 | – |
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| Net cash from/(used in) operating activities | 9,100 | (25,718) |
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| Net increase/(decrease) in cash and cash equivalents | 9,100 | (25,718) |
| Cash and cash equivalents at beginning of year | 7,048 | 32,766 |
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| Cash and cash equivalents at end of year | 16,148 |
7,048 |
The notes on pages 5 to 10 form part of these financial statements.
Page 5
SHRI HARI CHARITABLE TRUST
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 334 - 336 Goswell Road, London, EC1V 7RP.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 6
SHRI HARI CHARITABLE TRUST
Notes to the Financial Statements (continued)
Year ended 31 October 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Page 7
SHRI HARI CHARITABLE TRUST
Notes to the Financial Statements (continued)
Year ended 31 October 2024
3. Accounting policies (continued)
Impairment of fixed assets (continued)
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Page 8
SHRI HARI CHARITABLE TRUST
Notes to the Financial Statements (continued)
Year ended 31 October 2024
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations | 167,901 | 167,901 | 101,671 | 101,671 | |
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| 5. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| HMRC Gift aid | 22,051 | 22,051 | 29,184 | 29,184 | |
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| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 9 | 9 | – | – | |
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| 7. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Costs of raising donations and legacies | |||||
| - Donations | 4,716 | 4,716 | 4,838 | 4,838 | |
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| 8. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| 176,100 | 176,100 | 142,584 | 142,584 | ||
| Support costs | 45 | 45 | 60 | 60 | |
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| 176,145 | 176,145 | 142,644 | 142,644 | ||
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| 9. | Expenditure on charitable activities by activity type | ||||
| Grant funding | Total funds | Total fund | |||
| of activities Support costs | 2024 | 2023 | |||
| £ | £ | £ | £ | ||
| 176,100 | – | 176,100 | 142,584 | ||
| Governance costs | – | 45 | 45 | 60 | |
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| 176,100 | 45 | 176,145 | 142,644 | ||
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10. Staff costs
Page 9
SHRI HARI CHARITABLE TRUST
Notes to the Financial Statements (continued)
Year ended 31 October 2024
10. Staff costs (continued)
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
12. Tangible fixed assets
| Freehold | |||
|---|---|---|---|
| property | |||
| £ | |||
| Cost | |||
| At 1 November 2023 and 31 October 2024 | 482,978 | ||
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| Depreciation | |||
| At 1 November 2023 and 31 October 2024 | – | ||
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| Carrying amount | |||
| At 31 October 2024 | 482,978 | ||
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| At 31 October 2023 | 482,978 | ||
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| 13. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other debtors | 9,091 | 9,091 | |
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| 14. | Creditors: amounts falling due after more than one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Other creditors | 377,000 | 377,000 | |
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15. Analysis of charitable funds Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 | November 2 | 31 October 2 | |||
| 023 | Income | Expenditure | 024 | ||
| £ | £ | £ | £ | ||
| General funds | 122,117 | 189,961 | (180,861) | 131,217 | |
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| At | At | ||||
| 1 | November 2 | 31 October 20 | |||
| 022 | Income | Expenditure | 23 | ||
| £ | £ | £ | £ | ||
| General funds | 138,744 |
130,855 |
(147,482) |
122,117 |
Page 10
SHRI HARI CHARITABLE TRUST
Notes to the Financial Statements (continued)
Year ended 31 October 2024
16. Analysis of net assets between funds
| Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|
| Funds | 2024 | ||||
| £ | £ | ||||
| Tangible fixed assets | 482,978 | 482,978 | |||
| Current assets | 25,239 | 25,239 | |||
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| Net assets | 508,217 | 508,217 | |||
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| Unrestricted | Total Funds | ||||
| Funds | 2023 | ||||
| £ | £ | ||||
| Tangible fixed assets | 482,978 | 482,978 | |||
| Current assets | 16,139 | 16,139 | |||
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| Net assets | 499,117 | 499,117 | |||
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| 17. | Analysis of changes in net debt | ||||
| At | |||||
| At | 1 Nov 2023 | Cash flows | 31 Oct 2024 | ||
| £ | £ | £ | |||
| Cash at bank and in hand | 7,048 | 9,100 | 16,148 | ||
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