LIVERPOOL GANESH TRUST LTD
Charity Registration Number: 1147647
TRUSTEES’ ANNUAL REPORT
For the year ended 29 February 2024
The trustees present their annual report together with the financial statements of Liverpool Ganesh Trust Ltd for the year ended 29 February 2024.
1. Reference and Administrative Details
Charity name: Liverpool Ganesh Trust Ltd Charity registration number: 1147647 Principal place of administration:
Liverpool Ganesh Trust Delfby Crescent Kirkby Liverpool L32 8TN
Contact address:
115–117 Westminster Road Liverpool L4 4LW
The charity is governed by its governing document and operates as a charitable organisation serving the Hindu community and the wider community in Liverpool and surrounding areas.
2. Objectives and Activities
The principal objectives of Liverpool Ganesh Trust Ltd are to advance the Hindu religion and to provide facilities and activities for religious, spiritual, cultural and community purposes.
The charity operates Liverpool Ganesh Temple and provides a place of worship and religious observance for devotees and members of the local community.
During the year, the charity continued to provide regular religious services, prayers, poojas, festivals and cultural activities associated with the Hindu faith and South Indian Hindu traditions.
The temple provides opportunities for members of the community to participate in religious ceremonies, celebrate important Hindu festivals and maintain cultural and spiritual traditions.
The trustees consider that the activities undertaken during the year were consistent with the charity’s objectives and provided benefit to the community.
3. Activities During the Year
During the reporting period the charity continued to operate and maintain the temple and provide religious and community services.
Activities included:
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Regular daily worship and religious ceremonies.
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Poojas and special religious observances.
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Celebration of major Hindu festivals and religious occasions.
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Cultural and traditional activities associated with Hindu worship.
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Opportunities for devotees and families to participate in religious ceremonies.
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Support for the continuation and preservation of Hindu religious and cultural traditions.
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Community participation and volunteering in connection with temple activities.
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Maintenance and operation of the temple premises for the benefit of worshippers and visitors.
The temple is supported by trustees, employees and volunteers who contribute to the delivery of its religious and community activities.
4. Achievements and Performance
The trustees are satisfied that the charity continued to fulfil its charitable objectives during the year.
Liverpool Ganesh Temple continued to provide a place of worship and a focal point for the Hindu community in Liverpool and the surrounding area.
The charity’s activities enabled devotees and members of the community to participate in religious worship and traditional Hindu festivals and ceremonies.
The trustees are grateful to all employees, volunteers, devotees, donors and supporters who contributed to the operation and activities of the charity during the year.
5. Financial Review
For the year ended 29 February 2024, the charity reported:
| Financial item | Amount |
|---|---|
| Total income | £102,439 |
| Total expenditure | £142,399 |
| Net expenditure over income | £39,960 |
| Donations and legacies | £102,439 |
| Employee payroll costs | £67,852 |
| Grants made | £0 |
The charity’s income during the year was principally derived from donations and legacies.
There was no income recorded from charitable activities, trading activities, investments or other sources in the Annual Return.
The charity did not receive any grants or contracts from central government or local authorities during the financial year.
The trustees monitored the financial position of the charity and continued to oversee expenditure and the use of charitable funds.
The trustees recognise the importance of maintaining adequate financial resources to enable the charity to continue its religious and community activities.
6. Reserves Policy
The trustees have a financial reserves policy and procedures in place.
The purpose of the reserves policy is to ensure that the charity maintains sufficient financial resources to meet its ongoing commitments and to manage unexpected financial pressures.
The trustees regularly consider the level of funds available to the charity in light of its expected income, expenditure and future commitments.
The trustees seek to ensure that charitable funds are used appropriately and in accordance with the charity’s objectives.
The precise level of unrestricted reserves held at the year end should be read from the charity’s financial statements for the year ended 29 February 2024.
7. Future Plans
The trustees intend to continue developing the charity’s religious, cultural and community activities.
The charity’s future priorities include:
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Continuing regular Hindu religious worship and ceremonies.
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Supporting major Hindu festivals and cultural celebrations.
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Maintaining the temple premises and facilities.
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Supporting participation by devotees, families and the wider community.
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Continuing to develop the temple as a place of worship and community activity.
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Maintaining appropriate governance, safeguarding, financial and risk-management arrangements.
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Seeking appropriate donations and other charitable support to enable the charity to continue and develop its activities.
The trustees will continue to monitor the financial position of the charity and ensure that available resources are used effectively in furtherance of its charitable objectives.
The trustees confirm that they have had regard to the guidance issued by the Charity Commission in relation to the preparation of this report.
Suresh Kumar Thangaraj Chair / Trustee Date: 29 February 2024
Registered number: 07523556
LIVERPOOL GANESH TRUST LTD DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024
Islam & Co
Liverpool Ganesh Trust Ltd Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Accountants' Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
Liverpool Ganesh Trust Ltd Company Information For The Year Ended 29 March 2024
| Directors | Mrs Vijayarani Sureshkumar |
|---|---|
| Mr Murali Thangaraj | |
| Mr Sureshkumar Thangaraj | |
| Company Number | 07523556 |
| Accountants | Islam & Co |
| Chartered Accountants & Business Advisors | |
| 85-87 Vauxhall Road | |
| Liverpool | |
| Merseyside | |
| L3 6BN |
Page 1
Liverpool Ganesh Trust Ltd Company No. 07523556 Directors' Report For The Year Ended 29 March 2024
The directors present their report and the financial statements for the year ended 29 March 2024.
Directors
The directors who held office during the year were as follows:
Mrs Vijayarani Sureshkumar
Mr Murali Thangaraj Appointed 28/01/2024
Mr Sureshkumar Thangaraj
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
By order of the board
Date
Page 2
Liverpool Ganesh Trust Ltd Accountants' Report For The Year Ended 29 March 2024
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 29 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Date
Islam & Co Chartered Accountants & Business Advisors 85-87 Vauxhall Road Liverpool Merseyside L3 6BN
Page 3
Liverpool Ganesh Trust Ltd Income and Expenditure Account For The Year Ended 29 March 2024
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 102,440 (52,977) 49,463 (89,423) (39,960) |
2023 £ 85,125 (35,225) |
|---|---|---|
| 49,900 (45,646) |
||
| 4,254 |
The notes on pages 6 to 7 form part of these financial statements.
Page 4
Liverpool Ganesh Trust Ltd Balance Sheet As At 29 March 2024
| Notes FIXED ASSETS CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 5 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET (LIABILITIES)/ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2024 £ £ 12,637 12,637 (14,688) (2,051) (2,051) (2,051) (2,051) (2,051) |
2024 £ £ 12,637 12,637 (14,688) (2,051) (2,051) (2,051) (2,051) (2,051) |
2023 £ £ 51,301 51,301 (13,392) 37,909 37,909 37,909 37,909 37,909 |
2023 £ £ 51,301 51,301 (13,392) 37,909 37,909 37,909 37,909 37,909 |
|---|---|---|---|---|
| (2,051) | 37,909 | |||
| 12,637 (14,688) |
51,301 (13,392) |
|||
| (2,051) | 37,909 | |||
| (2,051) | 37,909 | |||
| (2,051) | 37,909 | |||
| (2,051) | 37,909 |
For the year ending 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Date
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Liverpool Ganesh Trust Ltd Notes to the Financial Statements For The Year Ended 29 March 2024
1. General Information
Liverpool Ganesh Trust Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 07523556. The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
3. Average Number of Employees
Average number of employees, including directors, during the year was: (2023: )
4. Tangible Assets
| Cost As at 30 March 2023 As at 29 March 2024 Depreciation As at 30 March 2023 As at 29 March 2024 Net Book Value As at 29 March 2024 As at 30 March 2023 |
Fixtures & Fittings £ 741 |
|---|---|
| 741 | |
| 741 | |
| 741 | |
| - | |
| - |
Page 6
Liverpool Ganesh Trust Ltd Notes to the Financial Statements (continued) For The Year Ended 29 March 2024
5. Creditors: Amounts Falling Due Within One Year
| . Creditors: Amounts Falling Due Within One Year |
||
|---|---|---|
| Trade creditors Other creditors |
2024 £ 12,991 1,697 14,688 |
2023 £ 12,991 401 |
| 13,392 |
6. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 7
Liverpool Ganesh Trust Ltd Detailed Income and Expenditure Account For The Year Ended 29 March 2024
| TURNOVER Donations Received COST OF SALES Purchases GROSS SURPLUS Administrative Expenses Wages and salaries Staff training Travel expenses Light and heat Repairs and maintenance Cleaning Vehicle running costs Insurance Telecommunications and data costs Accountancy fees Legal fees Credit card charges Depreciation of fixtures and fittings Sundry expenses OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2024 £ £ 102,440 52,977 (52,977) 49,463 67,852 - 5,073 3,950 654 1,356 5,151 2,683 1,009 1,000 366 328 - 1 (89,423) (39,960) |
2024 £ £ 102,440 52,977 (52,977) 49,463 67,852 - 5,073 3,950 654 1,356 5,151 2,683 1,009 1,000 366 328 - 1 (89,423) (39,960) |
2023 £ £ 85,125 35,225 (35,225) 49,900 17,552 2,034 5,673 2,957 1,092 1,196 4,548 338 1,403 742 6,682 689 741 (1) (45,646) 4,254 |
2023 £ £ 85,125 35,225 (35,225) 49,900 17,552 2,034 5,673 2,957 1,092 1,196 4,548 338 1,403 742 6,682 689 741 (1) (45,646) 4,254 |
|---|---|---|---|---|
| 67,852 - 5,073 3,950 654 1,356 5,151 2,683 1,009 1,000 366 328 - 1 |
17,552 2,034 5,673 2,957 1,092 1,196 4,548 338 1,403 742 6,682 689 741 (1) |
|||
| 49,463 (89,423) |
49,900 (45,646) |
|||
| (39,960) | 4,254 |
Page 8
(HARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner Report Report to the trustees Liverpool Ganesh Trust Ltd On accounts for the year ended 28" February 2024 Charity no lif any} 1147647 Set out on pages I report to the trustees on my examination of the accounts of the above charity I'the Trusl'l for the year ended 28 February 2024. Responsibilities and basis of report As the charity's Iruslees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"Ihe Act") I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act Independent The charity's gross income Is less than £250,000 and l am qualified lo examiner's statement undertake the examination by being a qualified member of Institute of Charted Accountants in England and Wales. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination lolher than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records", or the accounts did not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 2810212024 Name: Mohammed Tawhidul Islam Relevant professional qualificationlsl or body {if any): Fellow of Institute of Charted Accountants in England and Wales IICAEWI IER Oct 2018
Address: 85-87 Vauxhall Road Liverpool L3 6BN Section B Disclosure Only complete If the examiner needs lo highlight material mallers of concern (see CC32, Independent examination of charity accounts". directions and guidance for examiners}. Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018