||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|





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|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||



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|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|





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|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<br>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<br>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|





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|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||





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|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<br>it|
||relates.||
|Expenditure on|These comprisethe costs associated with|attracting voluntary income, fundraising|
|raisingfunds|trading costs and investment management<br>costs,||
|Expenditure on|These comprise the costs incurred<br>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.|



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|3|Statement of Financial Activities<br>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|





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||||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|||





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|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<br>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<br>buildings|8,321|8,321||
|Bank charges|111|111|6|
|Equipment expensed|100|100||
|General insurances|1,011|1,011|700|
|Software,<br>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<br>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|