Registered number 1154101 Sitpon Gujarat Welfare Trust Report and Accounts 31 March 2024 ## **Sitpon Gujarat Welfare Trust Company Information** ## **Trustees** Mr Saeed Ahmed Moosa Bunglawala Mr Bashir Adam Mr Abdurruzzak Ibrahim Patel Mr Ilyas Yusuf Valli Mr Yakub Ali Chhota Mr Ismail Mohamed Matariya Mr Imran Yakub Banglawala ## **Accountants** Leicester Commercial Accountants Unit C 1st Floor Offices 122 Bridge Road Leicester LE5 3QN **Charity Number** 1154101 **Charity address** 3 Wicklow Drive Leicester LE5 4EJ ## **Bankers** Barclays Bank Plc State Bank of India 1 **Sitpon Gujarat Welfare Trust Registered number: 1154101 Trustees Report** The trustees present their report and accounts for the year ended 31 March 2024. ## **Principal activities** The charity's principal activity is the relief of financial need and suffering among victims of natural or other kinds of disasters in the form of money or other means deemed suitable for persons, bodies, organisations and/or countries affected. ## **Trustees** The following persons served as trustees during the year: Mr Saeed Ahmed Moosa Bunglawala Mr Bashir Adam Mr Abdurruzzak Ibrahim Patel Mr Ilyas Yusuf Valli Mr Yakub Ali Chhota Mr Ismail Mohamed Matariya Mr Imran Yakub Banglawala ## **Recruitment and Appointment of Trustees** The charity is governed by a board of trustees drawn from the local community. This is to ensure that the board has the skills and experience required to oversee the management of the charity and its operations. ## **Trustee Induction and Training** All new trustees receive a planned induction programme before taking up their place on the board. This includes an explanation of their roles and responsibilities, an introduction to other trustees, an overview of recent business and an explanation of board format and process. ## **Reserves policy** The trustees aim to ensure that sufficient funds are maintained to enable the company to carry out its activities. ## **Risk management** The trustees have examined the major strategic, business and operational risks which the company faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. ## **Public Benefit Statement** The trustees have considered the general guidance on public benefit issued by the Charities Commission and have taken due regard of that guidance. The trustees consider that they are satisfied that the charity's activities do provide a public benefit. ## **Results for the year** The detailed results are set out in the attached financial statements. This report was approved by the board on 19 December 2024 and signed on its behalf. **Mr Abdurruzzak Patel Trustee** 2 ## **Sitpon Gujarat Welfare Trust** ## **Independent Examiner's Report to the Trustees of Sitpon Gujarat Welfare Trust** I report on the accounts of Sitpon Gujarat Welfare Trust for the year ended 31 March 2024 which are set out on pages 4 to 7. ## **Respective responsibilities of trustees and examiner** The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: i) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, have not been met; or ii) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached. Navsar Sacranie Leicester Commercial Accountants Unit C 1st Floor Offices 122 Bridge Road Leicester LE5 3QN 19 December 2024 3 ## **Sitpon Gujarat Welfare Trust Statement of Financial Activities for the year ended 31 March 2024** |**Incoming resources**
Income from charitable activities and
generated funds
Interest receivable
**Total incoming resources**
**Resources expended**
Donations paid in furtherance of the charity's objects
Administration expenses
**Net incoming/ (outgoing) resources for the year**|**2024**
**£**
130,560
239
130,799
(109,128)
(307)
21,364|2023
£
106,141
23
106,164
(115,693)
(2,197)
(11,726)| |---|---|---| 4 |**Sitpon Gujarat Welfare Trust**
**Registered number:**
**Balance Sheet**
**as at 31 March 2024**
**Fixed assets**
Tangible assets
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
2
**Net current assets**
**Net assets**
**Funds**
General unrestricted funds
**Net Accumulated Funds**|1154101
**2024**
**£**
**109**
**25,966**
**(480)**
**25,486**
**25,595**
**25,595**
**25,595**|**2023**
**£**
127
4,402
(300)
4,102
4,230
4,230
4,230| |---|---|---| **Mr Abdurruzzak Patel Trustee Approved by the board on 19 December 2024** 5 **Sitpon Gujarat Welfare Trust Notes to the Accounts for the year ended 31 March 2024** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been drawn up in accordance with the Statement of Recommended Practice (SORP) - "Accounting and Reporting by Charites" issued by the Charity Commissioners in England and Wales. ## _**Income**_ Income is accounted for on a receipts basis. ## _**Resources expended**_ Resources expended are accounted for as the liability is incurred. Expenditure includes irrecoverable VAT which is reported as part of the expenditure to which it relates. ## _**Fund Accounting**_ All funds and income are unrestricted for the objectives of the charity. There are no unrestricted funds |**2**|**Creditors: amounts falling due within one year**|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| ||Other creditors|**480**|300| 6 ## **Sitpon Gujarat Welfare Trust Detailed income and expenditure account for the year ended 31 March 2024** _This schedule does not form part of the statutory accounts_ |**Income**
Interest receivable
Donations
Total
**Administrative expenses**
Accountancy fees
Bank charges
Activity costs
Other legal & professional fees
Depreciation
**Donations paid out**
**Total outgoing resources**|**2024**
**£**
**239**
**110,773**
**130,799**
**180**
**108**
**-**
**-**
**19**
**307**
**109,128**
**109,435**|**2023**
**£**
23
106,141
106,164
240
64
1,250
620
23
2,197
115,693
117,890| |---|---|---| 7