REGISTERED CHARITY NUMBER: 1153839
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022
FOR
GOSHALLA IN LEICESTER
1A Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
GOSHALLA IN LEICESTER
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 July 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
GOSHALLA IN LEICESTER
REPORT OF THE TRUSTEES
for the year ended 31 July 2022
The trustees present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1153839
Principal address
46 Spencefield Lane Leicester LE5 6PS
Trustees
N Shah Mrs M Shah
Independent Examiner
Mr Dipesh Dodia FCCA, BA (Hons) 1A Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
Approved by order of the board of trustees on 4 January 2023 and signed on its behalf by:
N Shah - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOSHALLA IN LEICESTER
Independent examiner's report to the trustees of Goshalla In Leicester
I report to the charity trustees on my examination of the accounts of Goshalla In Leicester (the Trust) for the year ended 31 July 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Dipesh Dodia FCCA, BA (Hons) 1A Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
4 January 2023
Page 2
GOSHALLA IN LEICESTER
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 July 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 66,364 Investment income 2 29 Total 66,393 EXPENDITURE ON Raising funds 3 25,614 Charitable activities Resorces 3,272 Total 28,886 NET INCOME 37,507 Transfers between funds 9 40,865 Net movement in funds 78,372 RECONCILIATION OF FUNDS Total funds brought forward 38,209 TOTAL FUNDS CARRIED FORWARD 116,581 |
2021 Total funds £ 40,471 16 |
|---|---|
| 40,487 3,068 1,314 |
|
| 4,382 | |
| 36,105 2,104 |
|
| 38,209 - |
|
| 38,209 |
The notes form part of these financial statements
Page 3
GOSHALLA IN LEICESTER
| BALANCE SHEET 31 July 2022 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 71,935 Heritage assets 7 2,900 74,835 CURRENT ASSETS Cash at bank and in hand 42,996 CREDITORS Amounts falling due within one year 8 (1,250) NET CURRENT ASSETS 41,746 TOTAL ASSETS LESS CURRENT LIABILITIES 116,581 NET ASSETS 116,581 FUNDS 9 Unrestricted funds 116,581 TOTAL FUNDS 116,581 |
2021 Total funds £ - - - 38,959 (750) 38,209 38,209 38,209 38,209 38,209 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 4 January 2023 and were signed on its behalf by:
N Shah - Trustee
M Shah - Trustee
The notes form part of these financial statements
Page 4
GOSHALLA IN LEICESTER
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 July 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard 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 income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic 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 classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified 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 the notes to the financial statements.
continued...
Page 5
GOSHALLA IN LEICESTER
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2022
2. INVESTMENT INCOME
| Bank interest received RAISING FUNDS Raising donations and legacies Insurance Veterinary expenses Repairs & renewals Support costs |
2022 £ 29 2022 £ 956 192 23,921 545 25,614 |
2021 £ 16 2021 £ 826 408 1,084 750 3,068 |
|---|---|---|
3. RAISING FUNDS
Raising donations and legacies
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 40,471 |
| Investment income | 16 |
| Total | 40,487 |
| EXPENDITURE ON | |
| Raising funds | 3,068 |
| Charitable activities | |
| Resorces | 1,314 |
| Total | 4,382 |
continued...
Page 6
GOSHALLA IN LEICESTER
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2022
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| NET INCOME | 36,105 | |
| Transfers between funds | 2,104 | |
| Net movement in funds | 38,209 | |
| TOTAL FUNDS CARRIED FORWARD | 38,209 | |
| 6. | TANGIBLE FIXED ASSETS | |
| Freehold | ||
| property | ||
| £ | ||
| COST | ||
| Additions | 71,935 | |
| NET BOOK VALUE | ||
| At 31 July 2022 | 71,935 | |
| At 31 July 2021 | - | |
| 7. | HERITAGE ASSETS | |
| Total | ||
| £ | ||
| MARKET VALUE | ||
| Additions | 2,900 | |
| NET BOOK VALUE | ||
| At 31 July 2022 | 2,900 | |
| At 31 July 2021 | - |
continued...
Page 7
GOSHALLA IN LEICESTER
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2022
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Other creditors | 1,250 | 750 | |||
| 9. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.8.21 | in funds | funds | 31.7.22 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 38,209 | 37,507 | 40,865 | 116,581 | |
| TOTAL FUNDS | 38,209 | 37,507 | 40,865 | 116,581 | |
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 66,393 | (28,886) | 37,507 | ||
| TOTAL FUNDS | 66,393 | (28,886) | 37,507 | ||
| Comparatives for movement in funds | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| in funds | funds | 31.7.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 36,105 | 2,104 | 38,209 | ||
| TOTAL FUNDS | 36,105 | 2,104 | 38,209 |
continued...
Page 8
GOSHALLA IN LEICESTER
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2022
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 40,487 | (4,382) | 36,105 |
| TOTAL FUNDS | 40,487 | (4,382) | 36,105 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.8.20 | in funds | funds | 31.7.22 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | - | 73,612 | 42,969 | 116,581 | |
| TOTAL FUNDS | - | 73,612 | 42,969 | 116,581 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 106,880 | (33,268) | 73,612 |
| TOTAL FUNDS | 106,880 | (33,268) | 73,612 |
continued...
Page 9
GOSHALLA IN LEICESTER
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2022
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2022.
Page 10
GOSHALLA IN LEICESTER
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| for the year ended 31 July 2022 | ||
| 2022 | 2021 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 66,364 | 40,472 |
| 66,364 | 40,471 | |
| Investment income | ||
| Bank interest received | 29 | 16 |
| Total incoming resources | 66,393 | 40,487 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Insurance | 956 | 826 |
| Veterinary expenses | 192 | 408 |
| Repairs & renewals | 23,921 | 1,084 |
| 25,069 | 2,318 | |
| Charitable activities | ||
| Food & groceries | 2,928 | 1,314 |
| Support costs | ||
| Finance | ||
| Bank charges | 26 | - |
| Other | ||
| Cleaning | 45 | - |
| Subscriptions | 318 | - |
| 363 | - | |
| Governance costs | ||
| Accountancy costs | 500 | 750 |
| Total resources expended | 28,886 | 4,382 |
| Net income | 37,507 | 36,105 |
This page does not form part of the statutory financial statements
Page 11