GIVING IZ LIVING Report and FRnancial Statements st for the year ended 31 March 2024
GIVING IZ LIVING Annual Report and Financial Statements for the year ended 31" March 2024 Contents eNo. Introduction Report of the Trustees Statement of Financial Activities Statement of Year End Assets and Liabilities Notes to the Financial Statements Independent Examiner's Report
GIVING IZ LIVING Annual Report and FinaneRal Statements for the year ended 31" March 2024 The Trustees Chairperson: Mrs Kirti Thakrar Treasurer: Mr Pankaj Tanna Trustees: Mr Deepak Thakrar Mrs Falguni Jobanputra Mr Nishit Kotecha Re istered Office 2B Davenham Avenue Northwood Middlesex HA6 3HN Charit re istration number 1153215 Inde endent Examiner David Simon Ltd Chartered Certified Accountants 5, Jardine House, Harrovian Business Village Bessborough Road Harrow on the Hill. HAI 3EX Bankers Natwest Bank 37 Green Lane Northwood Middlesex. HA6 3AE
GIVING IZ LIVING Report of the Trustees for the year ended 31" March 2024 st The Trustees present their report and financial statements for the year ended 31 March 2024. Results The statement of financial activities is set out on page 4 and shows the net income for the year. Constitution Giving iz Living is registered with the Charity Commission, registration number 1153215. The charity's affairs are governed by Declaration of Trust. The Trust Deed restricts the use of the Charity's income, such that it must be applied solely towards the objects of the Charity. Tax status The Charity is exempt from coryoration tax and income tax. Principal objectlves The principal objectives and activities of the Charity are: The prevention and relief of poverty and the protection, conservation and improvement of the environment anywhere in the world. Review of activities and future developments Since the 1st of April 2023 to the 31 March 2024 the Charity has not been active due to other commitments of the charity trustees and volunteers. st
GIVING IZ LIVING Report of the Trustees for the year ended 31st March 2024 cont. Financial Revxew In the Trustees, view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future. Whilst the charity is still in its early stages of growth, the trustees propose to get to a level, over the medium tenn, to maintain the charity's reserves at a level which is at least equivalent to 12 months operational expenditure. The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on a quarterly basis at their finance meeting. Accounts Preparation The Trustees confirni that the accounts comply with current statutory requirements and with those of the governing instrument. Approved and signed on behalf of the trustees on 20 January 2025. Chairperson Mrs Kirti Thakrar
GtVING IZ LIVING Statement of Financial Activities for the year ended 31" March 2024 Unrestricted Funds Restrieted Funds Total 2021 Recei ts and Pa ments Recei Donations 6,148 Total Recelpts 6,148 ments Total Payments Surplus (Deficit) for the year £6,148
GIVING IZ LIVING Statement of Assets and Liabilities st at 31 March 2024 At 31.03.24 At 31.03.23 Assets Cash at Bank 9,208 3,060 9,208 3,060 Liabilitles Creditor Net Assets £9,208 £3,060 Funds Balance brought forward 3,060 1,253 Surplus for the Year: Unrestricted Fund 6,148 1,807 Balance carried forward £9,208 £3,060 Approved and signed on behalf of the trustees on 20 January 2025 Chairperson Mrs Kirti Thakrar Treasurer Mr P. Tanna
GIVING IZ LIVING Notes to the FinancRal Statements for the year ended st 31 March 2024 Accountin Policies The Accounts have been prepared in accordance with the Statement of Recommended Practice "Accounting by Charities" Restricted and unrcstricted funds Funds received by the charity that are eannarked either by donation or by the ternis of the grant for particular projects are accounted for as restricted funds. All other funds are unrestricted. On completion or closure of specific projects any remaining funds are transferred to the unrestricted fund. Income Donations and income from fLmdraising activities are accounted for on a receipts basis. Volunta hel and ifts in kind The charity benefits from many voluntary hours contributed by Trustees and supporters. It would be impossible to place a value on all the hard work & gifts in kind for which the charity is extremely grateful and without which much of its work could not be undertaken. enditure All expenditure is included in the statement of financial activities on a payments basis with the exception of specific sizeable accruals or prepayments and has been classified under categories which most appropriately reflect the use of the resources. Value Added Tax As the charity is unable to reclaim value added tax all expenditure in these financial statements is shown inclusive of value added tax. reciation and Stock The charity has no depreciable assets and holds no stock.
GIVING IZ LIVING Notes to the Financial Statements for the year ended 31st March 2024 cont. l) Income and Expenditure (cont.) Unrestricted Funds Restricted Funds Total 2021 Donations Donations - Other 6,148 £6,148 b) Trustees, remuneration No trustees r¢ceived any remuneration during the period.
GIVING IZ LIVING Independent Examiner's Report on the Receipts and Payments Accounts for the year ended s¢ 31 March 2024 Registered charity number: 1153215 st Report to the Trustees of the Giving iz Living on the accounts for the year ended 31 March 2024 as set out on pages 4 to 7. Respective As the charity's Trustees you are responsible for the preparation of Responsibilities of the accounts. you consider that the audit requirement of Section Trustees and Examiner 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 43(7)(b) of the Act, whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner's Statement In accordance with my examination, no matter has come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 41 of the Act. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. David Simon Ltd Chartered Certified Accountants, 5, Jardine House, Harrovian Business Village, Bessborough Road Harrow on the Hill HAI 3EX Signed: David Simon Ltd Date: 20 January 2025