AMRIT AND AJITCHARITABLETRUST LIMITED Annual Report and unaudited financial 5taternents for the year ended 30 November 2024 AMRIT AND AIIT CHARITABIE TRUST LIMITED CONTENTS Charity Inforrnation TrusteÈ ￿port Independent examlner's report Statement of financial activitles Statement Df financial PDSition Nates to the atcounts 74 AMRIT AND AJITCHARITABIETRLIST LIMITED CHARITY INFORMAnoN Trustees Mr B S Bahra Mrs S K Bahra ChJrity number 1165578 Cempany number 09864871 Charity offices Unlt 9-13 Crystal Drive Srnethwick West Midlands B66 IQG AccLTruntants Barnett Raven5croft Limited Chartered Accountant5 and Reg15tered Auditors 13 Portland Road Ed8baston irmin8harn B16 9HN Page I AMRIT AND AIIT CHARITA8LE TRUST LIMITED IA¢ompany Ilmlted byguarantee ahd not havln8 3 share capltall fRU5TEES' REPORT IINCLUDING DIRECTOR5. REPORTI lor the yearendtrd 30 November 2OZ4 TRUSTEes The Trusree5 narned on pa8p I have served throughout the year. Appointment of Trustees is 8oveined by the Trust Deed of the Charity. The power of appointin¥ new or additionalTN5tee5 15 vested in the survivinE or continuing Trustees following the re5ign3rion orde3th of an exi5tingTrustee. OBJECTS OF THE CHARITY According to the Artlcle5 of Association and Faith of rhe charity, the airn and objective of the cornpany Is preventlon or relief of poverty In developing CDuntriesi particularly in India and Africa by providing.. al Grant to other charitie5 or charitable organlsation bl Items and services to individual facln8 povertyand deprived of basic need5. TheTrustees have paid due Tegards tO8uidance Issued by the Charity Commission in deciding what aCtI￿treS the Trustee5 should undertake. Flnantlal re￿8W It 15 the policy of the Trustees that unrestricted funds which have not been designated for a specific use should be maintalned at a level Èquivalent tu between three to six-months expenditure. The Trustees considers that reserves at rhis level will ensure that. in the eveni of si8nificanr drop of funding, they will be able to cr&ntinue theTrusteès current actwities while consideration is given to ways in which addition31 funds may be raised. This level of reseNes has been m3int3ined throughout the year. Thè Trustees has B55essed the rrb3jor risks to which the Trustees is èxposed and are satisfied that systems are in place to mitlEate exposer to the major rlsks. SI￿rture. gavernanceand manaÈement The trustees (who are also the dlrector5 of Amrit and Ajit CharitableTrust Limited for the purposes of company I￿1, and who served durinE the vearwere.. Mr B S Bahra Mrs S K Bahra None of the Trustees has any beneficial interest in the company. All thÈtru5tees arè members Df the company and 8uarantee to contribute £1 in the event of 3 wlndin8 UP. Page 2 AMRIT AND AIITCHARITABLETRUST UMITED IA Company IMnitÈd by 8uarantee and not havlng a share capitsll TRUSTEES, REPORY for the year ended 30 November 1024 STATEMENT OF TRUSTEES. RespoN51BILITIES The truste&s are responsible for preparing the Report of the Trusiees and the financi31 statements in occord3nce with applicable law and United Kingdom Generally Accepted AccountSn8 Practice. The law applicable to charfti* in England and Wales. The Charities Act 2011, Charity (Accounts ènd Reporrsl Re8ulatiOn5 2008 and rhe provisions of the trust deed requires the trustpe5 to prepare finanilèl ststements for each flnancial year which Efve a true and fairview of the state of 3ffairs of the charity and of the incomin8 resources and application of resource. including income and expenditure, of the charity for that period. In preparln8 the financial statements the trustees are required to.. select suit3ble accounting policies and then apptythem consistently,. ab5erve the methods and principles in the Charitie5 St3tement of Rec¢mmended Practice- makeludgements and esrimates that are reasonable and prudent-, 5t3te whether applicable accountirE stand2rd5 have been followed subjectto èny material departure5 disclosed 6nd explained in the finaniial statements. and prepare the financlal statements on a goin6 concern basis unless it is inappropriate toassume thatthe CharSty wlll continue. Thè trustee5 are responsible for keepin8 proper accounting records whlch disc105e with reasonable accur3cy at anytirne the finincial position of the charlty and Ènable them to ensure thatthe financial statements comply with the Charirie5 Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 ènd the provisions of the trust deed. They are also responsible for s3feguardln8 the assets of the charity and hente fortHkir% re￿Onable steps for the prevention and detection of fra￿d and other Irre8ularities. APPROVAL Approved bythe frustees on 31 ju￿ 2025 and sl8ned on its behalf by.. Mr B S Bahrd Trustee Page 3 AMRIT ANDWIT CHARITABLE TRUST LIMITED IA company limited byguarantee and not ha¥lng a share cap5tall INDEPENDENT EK4MINER'S REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS forthe year ended 30 Novembgr 10241 I report on the accounts forthe year ended 30 November 2024 setout on pages S to 9. Respertive responslbllities of trustees and examlner The trustees (who are 8150 the directors o*the companyforthe purposes of company lawl are responsible forthe preperation of the accounts. The truste￿ considerthat an audit 15 not required forth15 year under se£tion 144121 of the Charitles Att (the 2011 Act) and that an independent examination 15 needed. Ha¥ln8 satisfied myself that the charity is not subject to an audlt undercompany law and is eligible fer independent ex3min?tion, St Ss rny re5ponsibllltyto examine the accounts under SECliun 14S of the 2011 Act.. follow the procedures laid down in the general directions gNen bythe CharityCommi55ion lundersection 14515llbl of the 2011 Act.- and state whether particular matters have come to my atrentlon. B*$is of iDdependent exominor's statement My eKamination was carried out In accordance with Eeneral directions given by the Charity Commission. An examlnation includes revlew of the accounting records kept bythe charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or distlosures In the accounts, and See￿n6 explanations from you as rrustee5 concerDinE 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 35 to wherher the accounts present a 'true and fairview and the report 15 limired to those matters set out in the statement below. Independelli tx*miner'5 Stitemtrtt I have Completed my examinatlon. I c•n confirm that no materi?1 matters have come to my attention in connectlon wlth the examination 8SvSn8 cause to believe thèt in any respect.. accountin8 records were net kept in accordance with sertion 386 of the Companies Att 2006.. and to prepare accounts which accord with the actounting records, cornpty with the accountin8 requirements of 5ectian 386 of the Compjnies Art 2006 and with the method5 and principle5 of the Statement of Recommended Practice.. Accounting and Reporting by Charkies (applicable to the chèrities preparing thpir account5 in accordance with the Financial Reportiry¥ Standards applicablÈ in the UK and Republic of Ireland IFRS 1021. (J hav¢ noi bcen mel,. or to which In my opinion, attention should be drawn in order to enable a proper understandln8 of the accounts to be reathed. I hawe no conter￿ and have come across no matters in ccinnection wlth the examination to which attentKn should be drawn in this report in order to enable a proper vnderstandins of the accounis to be reached. Beth Wey FCA Independent examiner For and behalf o18arnett Ravensuoft Llmited harterd Accountants 13 Portland Road Edgbaslon Blrmit)Bham B16 gHN 31 July 2025 Page 4 AMRIT ANDA1￿CHARITABLE TRUST LIMITED IA company limi¢ed by Euaiantee and not havin8 a Share capitall STATEMENT OF FINANCIALACTIVITIES for the year ended 30 November 2024 Unresiricted Funds INCOMING ResouRCES Notes 2024 2023 Incomrng resources from generated fund5'. Investment income Don3tion5 and le8acies 7,788 25,743 35,871 Totsl inearnins resour￿$ 33.531 35,871 RESOURCES EXPENDED Accountancy feps Bank charge5 Charitable attivities Sub5CriPtIDns 253 27,250 40 146 14,700 Total resouree expended 27.543 14,846 NET SURPLUS FOR THE YEAR 5,988 21,025 STATEMENT OF OTHER RECOGNIISED GAINS Net surplu5 for the year Investment gains /1105sesl Unrealised Investment management costs 5,988 21.Ol5 35.507 3,4061 Net movement In funds in year Funds brought forward 38,089 282.108 21,025 261.083 Funds carried forward 320,197 282,108 The accumulated fund abDve is all unrestricted. All of the above amotsnt5 re13re to continuing actlvitles. The notes on pages 7 to 9 form part of these acceunts. Page 5 AMRIT AND AJIT CHARITABLETRUST LIMThED IA company limited by guarantee arbd not havinga share capital STATEMENT OF FIP4ANOAL POSITION for the yearemded 30 November2024 Notes 2024 2023 FIXED ASSETS Investrnents 287,770 247.880 CURRENT A55Ef5 Debtors Cash at bank and in hand 426 35,958 36,384 32,417 32A27 CURRENT iIABILIME5 Creditors io 2.156 NEf CURRENT ASSETS 32,427 34,228 NET ASSETS 320,197 282,108 FUNDS Unresticted Fund 320.197 282,108 The trustees are sat15fied that the company 15 entitled to exemption from the provlslons of the Companies Act ZCNJ6 (the Act) relating to the audit of the financial srarements for the year byvSrtue of section 477. and that no member or members have requested an audit pursuant to settion 476 of the Act. The trustees BcknowledÉe their respDnsibilityfor lil ensuring the company keep5 proper accounting records which comply with section 386 of the Act, and I￿1} preparing financial stateTnents which give a rrue and fairview of the state of affairs Df the company as at rhe end of the financial year and of it5 surplus ordeficit for the fin3ncial year in accordance with the requlrements of section 393, and whith otherwise complywith the requirments of thE Act relating to financial statement5. $0 far as applicable to the company. These financial statements h?ve been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act ZW6 and wlth Financial Reporting 5tandÈrd for Smaller Entities (effective January 20151. Thetinancial statement5 were approved by the trustee5 on 31 July 1025 and signed on its behalf by rBSBahra Trustee Company Registration ND.. 09864871 Page 6 AMR￿ AND AJITCHARITA8LETRiIST UMITED NOTESTO THE ACCOUNrs tor the year ended 30 November 2024 Company information Amrit and Arlit Charitable Trust Is a private company limited by guarantee incorporated in England and Wales. The register¢d and business address is Unit 9- 13 Crystal Driv¢, Smeihwick. En8Jllnd, B66 IQG. ACCOUNTING POLICIES Accoullting cohvention The ch8ritycon5titutes a public benefit entity as defined by FRS102. The flnaniial statements have been prepared In accordance with Accounting and Reporting by Charitie5'. Statemenr of Recomrnended Prattice applScable to charities preparing their accounts in atiordance with the Financial Reporting standard applic3ble In the UK and Republic of Ireland IFRS 1021. the Charitie5 Act 2011, the Companies Act 21x16 and UK Generally Accepred Practice a5 It 3pplles from l April 2015. The charity has applied Update Bulletin l as published on 2 February 2019 and does not include a cash flow statement on the grounds that it Is applying FRS 102 Section IA. B8$i$ of actounting The financial statements have been prepared on the hi5toric31 cost basss. The financial statements are prepored In stedin8, which 15 the functional £urrenryof the entity and have been rounded to the nearest £1. b Goln8 Concern At the time of approving the account5, the Tiustees have reasonable expectation that the frusiees has adequate resources to continue in operat￿nal existence for the fore5peable future. Thus the Trustees continue to adopt the 8OiDE concem basi5 of accounting in prep3rinE the 8ccgunt5 Charitable lund5 Unrestrlcted funds are available fer use atthe discret￿￿ of the trustees In furtherante of their charitable objectives unless the fund5 have been deslgnated for other purposes. Restricted funds are subjeit to specific condition by frorn donor as to how they may ne used. The purpose and uses of the restricted lund5 are set out in the nDtes to the accounts. Endowrnent funds are subject to the specific condition5 by donors that the capital must be maintained by the TrustÈes. d Incomlt)g iesourc¢$ Income is reco8nised when the trustees us le8*ly entStled to it after any performancè conditions have been met. the amounts cbn be me3sured rellably. and it is probable that Ineome will be received. Income from investments 15 accounted for in the year in whlch Itls receivable. Cash donation is recoÈnised on receipt. Other donations are recognised once theTrustees has been notified of the donation, unless performance condition5 require deferral of the amount. Income taK recoverable in relètion to don*ions recelved vnderGiftAid ordeed5 of convent is recognised at the time of donation. Le¥acie5 are recognised on receipt or otherwlse if thp Trustees has been notSfied of an irnpendinÉ distribution. thE amount is known, and receipt is expected. If the amount is not known, the legacy is treated a5 a contineent asset. Pagt 7 AMRIT AND AIIT CHARITABLETRUST LIMITED 140TES TO THE ACCOUNTS for the year ended November 2024 Cash and cash equiwdlents Cash and cash equivalent cash in hand. dep051ts held at call with banks. other short-term liquid investments with original Maturities of three months or less, and bank overd¥Jfts. Bank overdrafts are shown within borrowin8s in f Investments Stock Exchange Investments are stated at Market Value atthe Balance Sheet date. Reali5ed and vnreallsed 8ains and1055es en investments are dealt with in the Statement of Financial Activitie5. Ernplayee benefit5 The cost of any unused hollday enritlement 15 recogni5ed in the period in which the employee's services are recèived. Termination benefits are recognised immediately as an expense when the cotnpany 15 demonstrablycommitted to terminate the employment of an employee or to provide termination benefits. Forel8n exchange Tr3n5action5 in currencles other than pounds sterling are recorded thE rates of exchange prevailing atthe dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rate prevailin8 on the reporting end date. Galns and105ses arising on rranslation are included in net Income lexpenditure forthe period. Critical accountlng estimates and jud8ments In the application of the Trustee'5 accounting policiè5, the directors are required to make judgments, e5timate5 and assumptions about the c3rrylng amount trf asset5 and liabilities that are nor readily apparent from ather sources. The estlmated and associated assumptions are based on historical experience and other factors that are £Dnsldered to be relevant. Actual results may differfrom the estitnates Donatior¢ and L4ades 2024 2023 Donation and gifts 25,743 35,871 Charltable activliies 2024 2023 charItab￿ expenditure 293 146 Grant funding of activities Isee note 61 Z7,250 14,7rx) Analysis by funds Unre5trlcted funds 27.S43 14,846 6 Grants Payable Charitèble Expenditure 2023 Grants to institutions.. 27,250 14,700 Page 8 AMRIT ANDAJIT CHARITABLE TRiJST UMITED NOTES TO THEACCOLINTS for theyearended November2024 Ffjxed asset Investments 2024 1023 287.770 247,880 287,770 247.880 Movements In fixed asset investment5 Investments Cost orvaluatlon At l December 2023 Addition5 Disposals Other movements Valuation changes At 30 November 2024 247,880 10,000 15,0891 15281 35,507 287,770 Carrying amount At 30 November 2024 287.770 At 30 November 2023 247,880 Debtors 2024 2023 Prepayrnents and acirued income 426 426 Flnan£l31 Insturrkemts 2024 2023 Debt instruments measured at amortlsed c05t Équity instrurnent measured at fair Value through statement of financial activities 32,427 35,958 247,880 283,838 Carrying amount olfinancial liabillties 2024 2023 Measured at 8mortised cost 2.156 10 CrÈditor5'. amoL¢nts fallingdue withln oheyear 2024 2023 Accwals and deferrÈd income 2,156 2,156 Page 9