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
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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
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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
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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) |
|---|---|---|
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| 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
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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 |
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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 |
|---|---|---|
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