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