| Pages | ||
|---|---|---|
| Trustees' Annual Report | ||
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | ||
| Detailed Statement of Financial Activities | 15 to | 16 |
| Bharatkumar Desai | |
|---|---|
| Dhirajlal Babria | |
| DilipkumarDholariya | |
| Ghanshyam Vadodariya | (Resigned 5 October 2022) |
| Naresh Savalia | (Resigned 26September 2022) |
| Sadhu Devkrishna Dasji | |
| Sadhu Devprasaddas | |
| Sadhu Shantipriydas | |
| Sanjaykumar Zalawadiya | (Resigned 26September 2022) |
| Vipulkumar Kyada | |
| Accountants | |
| RMR Partnership LLP | |
| Vyman House | |
| 104 College Road | |
| Harrow, Middlesex | |
| HAI IBQ |
| for the year ended 3() June 20 | 23 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Totalfunds | ||
| 2023 | 2023 | 2022 | ||
| Notes | ||||
| Income and endowments | ||||
| from: | ||||
| Donations and legacies | 4 | 291,148 | 291,148 | 148,590 |
| Total | 291,148 | 291,148 | 148,590 | |
| Expenditure on: | ||||
| Charitable activities | 5 | 47,037 | 47,037 | 178,031 |
| Other | 6 | 28,262 | 28,262 | 39,924 |
| Total | 75,299 | 75,299 | 217,955 | |
| Net gains on investments | ||||
| Net income/(expenditure) | 7 | 215,849 | 215,849 | (69,365) |
| Transfers between funds | ||||
| Net income/(expenditure) | 215,849 | 215,849 | (69,365) | |
| before othergains/(losses) | ||||
| Other gains and losses | ||||
| Net movement in funds | 215,849 | 215,849 | (69,365) | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 169,318 | 169,318 | 238,683 | |
| Total funds carried forward | 385,167 | 385,167 | 169,318 |
| 2023 | 2022 | |
|---|---|---|
| Income | 291,148 | 148,589 |
| Gross income for the year | 291,148 | 148,589 |
| Expenditure | 66,978 | 42,963 |
| Depreciation and charges for | ||
| impairment of fixed assets | 8,321 | |
| Total expenditure for the year | 75,299 | 42,963 |
| Net income before tax for the year | 215,849 | 105,626 |
| Net income for the year | 215,849 | 105,626 |
| Company No. | 08567344 | Notes | 2023 | 2022 |
|---|---|---|---|---|
| Fixed assets | ||||
| Tangible assets | 9 | 823,750 | ||
| 823,750 | ||||
| Current assets | ||||
| Debtors | 10 | 84,250 | ||
| Cash at bank and in hand | 175,017 | 365,668 | ||
| 175,017 | 449,918 | |||
| Creditors: Amountfalling due within one year | 11 | (613,600) | (280/600) | |
| Net current (liabilities)/assets | (438,583) | 169,318 | ||
| Total assets less | currentliabilities | 385,167 | 169,318 | |
| Net assets excluding pension asset or liability | 385,167 | 169,318 | ||
| Total net assets | 385,167 | 169,318 | ||
| Thefunds of the | charity | |||
| Restrictedfunds | 12 | |||
| Unrestricted funds | 12 | |||
| General funds | 385,167 | 169,318 | ||
| 385,167 | 169,318 | |||
| Reserves | 12 | |||
| Total funds | 385,167 | 169,318 |
| 2023 | 2022 | |
|---|---|---|
| Cash flows from operatingactivities | ||
| Net income per Statement of Financial Activities | 215,849 | 105,626 |
| Adjustments for: | ||
| Depreciation of property, plant and equipment | 8,321 | |
| Decrease/(lncrease) in trade and other receivables | 84,250 | (83,725) |
| Decrease in trade and other payables |
(289) | |
| Net cash provided by operating activities | 308,420 | 21,612 |
| Cash flows from investing activities | ||
| Payments for property, plant and equipment | (832,071) | |
| Net cash used in investing activities | (832,071) | |
| Cash flows from financing activities | ||
| New borrowings | 333,000 | 280,000 |
| Net cash from financing activities | 333,000 | 280,000 |
| Net (decrease)/increase in cash and cash equivalents |
(190,651) | 301,612 |
| Cash and cash equivalents at the beginning of the year | 365,668 | 239,047 |
| Cash and cash equivalents at the end of the year | 175,017 | 540,659 |
| Components of cash and cash equivalents | ||
| Cash and bank balances | 175,017 | 365,668 |
| 175,017 | 365,668 |
| Fund accounting | |
|---|---|
| Unrestricted funds | These are available for use at the discretion of the trustees in furtherance of the |
| general objects of the charity. | |
| Designated funds | These are unrestricted funds earmarked by the trustees for particular purposes. |
| Revaluation funds | These are unrestricted funds which include a revaluation reserve representing the |
| restatement of investment assets at their market values. | |
| Restricted funds | These are available for use subject to restrictions imposed by the donor orthrough |
| terms of an appeal. | |
| Income | |
| Recognition of | Income is included in the Statement of Financial Activities (SOFA) when the charity |
| income | becomesentitled to, and virtually certain to receive, the income and the amount of |
| the income can be measured with sufficient reliability, | |
| Income with related | Where income has related expenditure the income and related expenditure is |
| expenditure | reported gross in the SoFA. |
| Donations and | Voluntary income received by way of grants, donations and gifts is included in the |
| legacies | the SOFA when receivableand only when the Charity has unconditional |
| entitlement to the income. | |
| Tax reclaims on | Income from tax reclaims is included in the SOFA at the same time as the |
| donations and gifts | gift/donation to which it relates. |
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
| and facilities | where the benefit to the Charity is reasonably quantifiable, measurable and |
| material. | |
| Volunteer help | The value of anyvolunteer help received is not included in the accounts. |
| Investment income | This is included in the accounts whenreceivable. |
| Gains/(losses) on | This includes any gain or loss resulting from revaluing investments to market value |
| revaluation of fixed | at the end of the year. |
| assets | |
| Gains/(losses) on | This includes any gain or loss on the sale of investments. |
| investment assets |
| Expenditure | ||
|---|---|---|
| Recognition of | Expenditure is recognised on an accruals basis. Expenditure includes any VATwhich | |
| expenditure | cannot be fully recovered? and is reported | as part of the expenditure to which it |
| relates. | ||
| Expenditure on | These comprisethe costs associated with | attracting voluntary income, fundraising |
| raisingfunds | trading costs and investment management costs, |
|
| Expenditure on | These comprise the costs incurred by the |
Charity in the delivery of its activities and |
| charitable activities | services in the furtherance of its objects, including the making of grants and | |
| governance costs, | ||
| Grants payable | All grant expenditure is accounted for on | an actual paid basis plus an accrual for |
| grants that have been approved by the trustees at the end of the year but not yet | ||
| paid. | ||
| Governance costs | These include those costs associated with | meeting the constitutional and statutory |
| requirements of the Charity, including any audit/independent examination fees, | ||
| costs linl<ed to the strategicmanagement | of the Charity, together with a share of | |
| other administration costs, | ||
| Other expenditure | These are supportcosts not allocated to a | particular activity. |
| 3 | Statement of Financial Activities prior year |
|||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Totalfunds | |||
| 2022 | 2022 | |||
| Income and endowments from: | ||||
| Donations and legacies | 148,589 | 148,589 | ||
| Total | 148,589 | 148,589 | ||
| Expenditure on: | ||||
| Charitable activities | 3,039 | 3,039 | ||
| Other | 39,924 | 39,924 | ||
| Total | 42,963 | 42,963 | ||
| Net | income | 105,626 | 105,626 | |
| Net | income before other | 105,626 | 105,626 | |
| gains/(losses) | ||||
| Other gains and losses: | ||||
| Net | movement in funds | 105,626 | 105,626 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 238,683 | 238,683 | ||
| Total funds carried forward | 344,309 | |||
| 4 | Income from donations and legacies | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| General donations | 271,108 | 271,108 | 135,471 | |
| Gift-aid received | 20,040 | 20,040 | 13,119 | |
| 291,148 | 291,148 | 148,590 | ||
| 5 | Expenditure on charitable activities | |||
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Expenditure on charitable | ||||
| activities | ||||
| Charitable activities | 47,037 | 47,037 | 178,031 | |
| Governance costs | ||||
| 47,037 | 47,037 | 178,031 |
| 6 | Other expenditure | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2023 | 2022 | |||
| Premises costs | 17,166 | 17,166 | 38,207 | |
| Amortisation, depreciation, | ||||
| impairment, profit/loss on | 8,321 | 8,321 | ||
| disposal offixed assets | ||||
| General administrative costs | 2,175 | 2,175 | 1,117 | |
| Legal and professional costs | 600 | 600 | 600 | |
| 28,262 | 28,262 | 39,924 | ||
| 7 | Net income/(expenditure) beforetransfers | |||
| 2023 | 2022 | |||
| This is stated after charging: | ||||
| Depreciation ofowned fixed assets | 8,321 | |||
| 8 | Staff costs | |||
| No employee received emoluments in excess of f60,000. | ||||
| 9 | Tangible fixed assets | |||
| Cost or revaluation | ||||
| Additions | 832,071 | 832,071 | ||
| At 30 June 2023 | 832,071 | 832,071 | ||
| Depreciation and | ||||
| impairment | ||||
| Depreciation charge for the | 8,321 | 8,321 | ||
| yea r | ||||
| At 30 June 2023 | 8,321 | 8,321 | ||
| Net book values | ||||
| At 30 June 2023 | 823,750 | 823,750 | ||
| 10 | Debtors | |||
| 2023 | 2022 | |||
| Other debtors | 80,000 | |||
| Prepayments and accrued income | 4,250 | |||
| 84,250 | ||||
| 11 | Creditors: | |||
| amounts falling due within one year | ||||
| 2023 | 2022 | |||
| E | ||||
| Other loans | 613,000 | 280,000 | ||
| Accruals | 600 | 600 | ||
| 613,600 | 280,600 |
| Incoming | |||||
|---|---|---|---|---|---|
| resources | Resources | At 30 June | |||
| (including | expended | 2023 | |||
| At 1 July | other | ||||
| 2022 | gain/loss) | ||||
| Restricted funds: | |||||
| Unrestricted funds: | |||||
| General funds | 169,318 | 291,148 | (75,299) | 385,167 | |
| Total funds | 169 318 | 291 | (75,299) | 385 167 | |
| 13 | Analysis of net assets between funds | ||||
| Unrestricted | |||||
| Total | |||||
| funds | |||||
| Fixed assets | 823,750 | 823,750 | |||
| Net current assets | (438,583) | (438,583) | |||
| 385A67 | 385 167 | ||||
| 14 | Reconciliation of net debt | ||||
| At 1 July | At 30 June | ||||
| 2022 | Cash flows | 2023 | |||
| Cash and cash equivalents | 365,668 | (190,651) | 175,017 | ||
| 365,668 | (190,651) | 175,017 | |||
| Borrowings | (280,000) | (333,000) | (613,000) | ||
| (280,000) | (333,000) | (613,000) | |||
| Net debt | 85 668 |
| for the year ended 30 June 2023 | |||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | Totalfunds | |
| 2023 | 2023 | 2022 | |
| Income and endowments from: | |||
| Donations and legacies | |||
| General donations | 271,108 | 271,108 | 135,471 |
| Gift-aid received | 20,040 | 20,040 | 13,119 |
| 291,148 | 291,148 | 148,590 | |
| Total income and endowments | 291,148 | 291,148 | 148,590 |
| Expenditure on: | |||
| Charitableactivities | |||
| Charitable activities | 47,037 | 47,037 | 178,031 |
| 47,037 | 47,037 | 178,031 | |
| Total ofexpenditure on charitable activities |
47,037 | 47,037 | 178,031 |
| Premises costs | |||
| Rent | 7,000 | 7,000 | 30,457 |
| Rates | 1,250 | 1,250 | 2,426 |
| Light, heat and power | 8,266 | 8,266 | 2,009 |
| Premises repairs and | |||
| maintenance | 650 | 650 | 3,315 |
| 17,166 | 17,166 | 38,207 | |
| General administrative costs, | |||
| including depreciation and | |||
| amortisation | |||
| Depreciation of land and buildings |
8,321 | 8,321 | |
| Bank charges | 111 | 111 | 6 |
| Equipment expensed | 100 | 100 | |
| General insurances | 1,011 | 1,011 | 700 |
| Software, IT supportand related |
544 | 544 | |
| costs | |||
| Sundry expenses | 360 | ||
| Telephone, fax and broadband | 409 | 409 | 51 |
| 10,496 | 10,496 | 1,117 | |
| Legal and professional costs | |||
| Audit/lndependentexamination | 600 | 600 | 600 |
| fees | |||
| 600 | 600 | 600 | |
| Total of expenditure of other costs | 28,262 | 28,262 | 39,924 |
| Total expenditure | 75,299 | 75,299 | 217,955 |
| Net gains on investments |
| Net income/(expenditure) | 215,849 | 215,849 | (69,365) |
|---|---|---|---|
| Netincome/(expenditure) before othergains/(losses) |
215,849 | 215,849 | (69,365) |
| Other Gains | |||
| Net movement in funds | 215,849 | 215,849 | (69,365) |
| Reconciliation of funds: | |||
| Total funds brought forward | 169,318 | 169,318 | 238,683 |
| Total funds carried forward | 385,167 | 385,167 | 169,318 |