Registered Company Number= 7205068 (England and Wales) REGISTERED CHARITY NUMBER: 1143092 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31Vt MARCH 2024 FOR B C MEHTA (FABLE & MANE) TRUST LIMITED AD088J9M 0711012024 COMPANIES HOUSE
B C MEHTA (FABLE & MANE) TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31°, MARCH 2024 Page Report of the Truslees Independent Examiner's Report Statement of Financial Activities Balan¢e Sheet 6t07 Notes to the Financial Statements 8t09 Detailed Staiement of Finan¢ial A¢tivities 10
B C MEHTA {FA8LE & MANE) TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024 The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Risk management The trustees have a duty lo idenlrfy and review the risks to which the charity is exposed to and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 08JEcfivES AND ACTIVITIES To advance the education of children living throughout the world through the provision of facilities for education. The relief of sickness and povety of people throughout the world through the provision of facilities, support services and equipment and by such other means as the trustees may determine. The relief of animal suffering throughout the world through the provision of facilities. support services and equipment and by such other means as the trustees may determine. Such charitable purposes for the public benefrt as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time delermine. Publi¢ benefit In reviewing our aims. objectives and planning future activrf(ies, the Trustees have taken into account the Charrty Commission's general guidance on public benefit. The Truslees always ensure that the activities undertaken are in line with the charitable objectives and aims of the Charity. Signrficant Activitles: (al On July 26th 2011, the Company was entered on the register of the Charity Commission in England as a charity. registration number 1143092. The Directorsrrrustees have donated £271,680 for Current year and are in process of targeting and identifying the relevant bodies to which charitable donation will be made in future. (b) The Incorporated charity's polices is to donate the fund to inslitutionlbodies which meets the criteria ofthe B C MEHTA (FABLE & MANE) TRUST LIMITED. Ic> The Incorporated Charity has not made any investment during the year. Page 1
B C MEHTA (FABLE & MANE) TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2023 OBJECTIVES AND ACTIVITIES The Trustees continue to provide all services Trust voluntarily and no remuneration is paid by the Trust to anyone. Achlevements and Perforfflance Reseryes policy The charity has no fr& reserves at the year end. In the Longer term, the policy is to build up sufficient reseThes to provide for 4-6 months of expected expenses. Golng Concern The financial slatements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from aulhorizing these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as going concern. Financial Review The Trusfs total income for the year comprising of donations. lax credits and bank interest, amounted lo £367,055 {2022-23'. £7,639) and the total expenditure amounted to £279.328 (2022- 23.. £88.770). Trust does not have any kind of investment policy nor does il have any investments. Trust conlinues to hold its cash in reliable bank accounts. Trustees incur financial commitments onty when the funds are available. There is no particular poli to hold reserve funds. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing Document The charity is controlled by its goveming document, a deed of trust, and constitutes an unincorporated charity. Governing Document:_ Charrty is constituted as.. - Trustees Appointment:. Trust Deed A Trust By selection by the Board of Trustees Achlevements and Pertormance of the Charity: As stated charity has donated £271.680 to various donees during the year. except that there is no further aotivily during the period. At the present time charity relies on the donation from donors idenlrfied in accounts whose support is valued. There have been not any other fundraising activities during the year. Investment perfomiance achieved against investment objectlves set: The incorporated charity has not undertaken any investment activity during the period and there were no relevant factors for charity as no activily undertaking during the period. Page 2
B C MEHTA (FABLE & MANEI TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number 7205068 (England and Wales) Registered Charity Number 1143092 Principal address Amertrans Park Bushey Mill Lane Watford Herts United Kingdom WD24 7JG Trusteès l Dlrectors Mr Dilesh Mehta Ms Nikita Mehta Mr Krishna Murthy Panthula Mr. Akash Mehta Secretary Mr.Dilesh Mehta Accountants: RRShah&Co 78 Wembley Park Drive Wembley Middlesex HA9 8HB Bankers HSBC State Bank of India ehta Director an ee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE B C MEHTA (FABLE & MANE) TRUST LIMITED FOR THE YEAR ENDED 31st MARCH 2024 Re$ptctlve rosponsiblllties of trustees and examlnèr The charity's trustees are responsiblg for the preparation of the accounis. Th8 charitys trustees con&der that an audit is not required forthis year lundeT Section 144(2) of the Chariti•sAd 2011 (the 2011 Act}) and that an independent examination is require<l. Having satlsfied mysalf that the charity is ntst $ubje¢l to audit under company law and is eligibl lor independent axamlnaltori. it is ourre$ponsibility to.. examine the accounts under Secllon 145 of the 2011 Act lo folbw the 0¢8Ur&S laid down in the General DiFgciions given by the Charity Commission {under.Section 745{5)Ibl of the 2011 Act},' and lo st4le wheiher p8rtl¢ulaT mottèrs have.¢omè to my attontion. Basls olthe Independent èxaminèV$ report My axaminalion was carried out in a"¢¢ordance with the General Diro¢lions glvon by tho'charlty Commission. An examinallon Includes a review of the accounting récords kept by the ¢harf(y and a cmiparlson of thè accounts presented with those recuTds. It also indud95 consideration of any unusual items or disdasures kn the a¢counts, 8nd seeking explanations from ytsu as trnste8S concemino any such mallers. The procedures undertaken do not provide 811 the evidence that Would be raquirod In an aydit, and consequently no oplnion is given as to whether the accounts present a'true and lair vlew. and the report is limited lo those matters spl out In the statemonts. In¥ependefit examlnerfs statement In connection with my ?xaminatign, matter has com& 'to my attention, which gNe5 me r830nable cause to bèlieve that, in any material respect, th8 réqurrements to keep aeeounting .record$ in accordance with .Saction 386 and 387 of the Companies Act 2006,. and lo prepare accounts which accord wlh the aecounling records, comply wth the accounllng qUIreMents of Sections 394 and 395" of tho Companies Aet 2006 and with th methods and prin¢iple5 01 the AG¢ovnling and Report¢ng by Charities. Statement of Recommended Practice applicable lo haritiès preparing thèif accounts in accordance with the Financial Reporting Standard applicable. In the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151 DVSHAH&COLTD Chartemd Certrfiod Aeeouhtant 78 Wembley Pafk Drive Wembloy Mlddlesex HA9 8HB Pap4
B C MEHTA (FABLE & MANE) TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31st MARCH 2024 2024 2023 Unrestricted Unrestricted Fund Fund Notes INCOME AND ENDOWMENTS FROM Donation & Investment income 367,055 7.639 Total 367,055 7,639 EXPENDITURE ON Charitable activities Religious Advancement of education Animal Welfare Child Welfare Medical Research Social Cause 51,200 14,876 12.437 16,164 5.001 172.002 1,536 37,391 7,500 30,871 9.000 Other 2472 Total 279.328 88,770 NET INCOMEIIEXPENDITUREI 87.727 (81,131) RECONCILIATION OF FUNDS Total funds brought forward 414,003 495,134 TOTAL FUNDS CARRIED FORWARD 501,730 414.003 CONTINUING OPERATIONS All income and expendrture has arisen from continuing activities. The notes forn part of these financial sl8lement$ Page 5
B C MEHTA (FABLE & MANE) TRUST LIMITED BALANCE SHEET AT 31st WRCH 2024 2024 2023 Unrestricted Unrestricted Fund Fund CURRENT ASSETS Cash at bank 502 630 415803 TOTAL CURRENT ASSETS 415 803 CURRENT LIABILITIES 900 18 TOTAL ASSETS LESS CURRENT LIABILITIES 414 003 FUNDS Unrestricted funds 501730 414 003 TOTAL FUNDS 414 003 The notes fomi part of these financi81 statements Page 6
B C MEHTA (FABLE & MANE) TRUST LIMITED BALANCE SHEET-CONTINUED AT 31st MARCH 2024 The Charitable Company is entitled to exemption from audit under Seclion 477 of the Companies Act 2006 for the year ended 31st March 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the mpanIeS Act 2006. The trustees acknowledge their responsibilities for a) Ensuring that the charitable company keeps accounting records that comply with section 386 and 387of the Companies Act 2006 and b) Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply wth the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to Ihe Charitable Company. These financial statements have been prepared in accordance with the special provisions of part 15 of the companies Act 2006 relating to small charitable companies. The financial statements were approved by the Board of Trustees on and were signed on its behalf by.. Me Director and Trus The notes fomi part of these financial statements Page 7
C MEHTA (FABLE & MANE) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 1. ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statements of the charity, which is 8 public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Stalement 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) (effective 1 January 20151,, Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All incoming resources are included on the Statement of Financial Acb'vilies when the charity is legally entrtled to thè income and the amount can be quanlrfied with reasonable accuracy, it is probable that the income will be received and the amount can be measured reliably. The value of voluntary seN1$ is not recognised as the cost of estimating these exceed any benefrts to the users of these financial statements. Expenditure Liabilities are recognised as expenditure as sn as there is a legal or ConStru1ve obligation commrtting the charity to that expenditure, it is probable that a transfer of eoonomic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all Cost relaled to the category. Where costs Cannot be directty attributed to particular headings they have been allocated to activities on a basis consistent wilh the use of resources. Taxation The charity is exempt from tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accordanc8 Wth the charitable objectives at the discretion of the trustees. Restricled funds can only be used for particular restricted purposes Wlthin the objects of the charity. Restrictions arise when specffied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in Ihe notes lo the financial statements. Forelgn currencies Assets and liabilrties in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are Iranslaled into sterling at the rale of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result Going concern The financial statements have been prepared on a going concern basis as Ihe trustees believe thal no material uncertainties exist. The trustee5 have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial ststements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 8
B C MEHTA (FABLE & MANE) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- CONTINUED FOR THE YEAR ENDED 31st MARCH 2024 2 DONATION & INVESTMENT INCOME 2024 2023 Deposit Account Interest Income Donation Income 4,455 362 600 4,064 Total 367,055 7,639 3 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 st March 2024 nor for the year ended 31st March 2023. MOVEMENT IN FUNDS Net movement in funds At 3113124 At 3113123 Unrestricted funds General fund 414.003 87,727 501.730 TOTAL FUNDS 414,003 87,727 501.730 Net movement in fvnds, included in the above are as follows.. Plovement In funds Incoming Resources resour¢es expended Unrestri¢ted funds General fund 367,055 279,328 87.727 TOTAL FUNDS 367 055 27g 328 Pa9e 9
B C MEHTA (FABLE & MANE) TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donation & Investment Income Deposit account interest Donations reIved 4,455 362,600 4,064 3,575 Total In¢omlng resour¢es 367.055 7,639 EXPENDITURE Charitable activities Grants to institutions 271680 86.298 271.680 86,298 Support costs Governance costs Accountant's fees Bank Charges Computer Maintenance Other professional Fees Travel 1140 328 47 6,133 900 346 69 253 904 Total Govemance costs 7,648 2,472 Total resources expended 279,328 88.770 Net expenditure This page does not fom) part of the statutory financial statements Page 10