2024-03-31-accounts - Gurseva

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Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 For

GURSEVA

GURSEVA
Contents
	Page
Report of the Trustees	3
Accountants Report	4
Statement of Financial Activities	5
Balance sheet	6
Notes to the Financial Statements	7

Page 2

GURSEVA

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

Principal address

269a Bath Road Hounslow TW3 3DA

Trustees

Amol Dhanoa Satinder Luthra Tejinder Sahota Jaskaran Dhillon Raminder Chawla

Accounts Reviewer

R. Chawla 247 Bath Road Hounslow TW3 3DA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

ON BEHALF OF THE BOARD :

R S Chawla

…………………………………………………… Trustee

Date: 31 January 2025

Page 3

GURSEVA

I report on the accounts for the year ended 31 March 2024.

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 43(2) of the Charities Act 1993 (the 1993 Act)). An independent examination has been carried out.

It is my responsibility to:

examine the accounts under Section 43 of the 1993 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under
Section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention

Basis of the independent examiner's report

My examination was carried out in accordance with the 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 statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 41 of the 1993 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

R S Chawla

R. Chawla 247 Bath Road Hounslow TW3 3DA

Date: 31 January 2025

Page 4

GURSEVA

Statement of Financial Activities For the Year Ended 31 March 2024

Unrestricted funds £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2,020 Grants Received Jasper Foundation (no. 2) - Awards for all - The National Lottery - Groundwork (Tesco) (no.2) - Lloyds Building Society - Crane Valley Grant - Award Faith and Belief Forum (1) - Jasper Foundation (no.3) - Freshwater Foundation - Crane Valley Grant (1) - Hounslow Council Small Grants - Award Faith and Belief Forum (2) - Jasper Foundation (4) - Crane Valley Grant (2) - Heathrow Community Misc202 T23 - LB Hounslow 522840 - Fundraising 369 Other income - Gift Aid - Total incoming resources RESOURCES EXPENDED Charitable activities 2,389 Helping Hands 1,048 Groundwork (Tesco) 106 Screwfix Foundation - Jasper Foundation (no. 1) - Jasper Foundation (no. 2) - Awards for all – The National Lottery - Groundwork (Tesco) (no.2) 61 Lloyds Building Society - Crane Valley Grant - Award Faith and Belief Forum - Jasper Foundation (no.3) 3 Freshwater Foundation - Crane Valley Grant (1) 7 Hounslow Council Small Grants - Award Faith and Belief Forum (2) - Jasper Foundation (4) - Crane Valley Grant (2) - Other resources expended 1,715	Restricted funds £ - - - - - - - - 3,000 1,530 810 500 1,000 15,704 6,255 11,256 - - - 40,055 - 774 - - - 1,683 809 - 1,719 403 1,528 1,972 1,530 298 415 777 1,054 -	2024 Total funds £ 2,020 - - - - - - - 3,000 1,530 810 500 1,000 15,704 6,255 11,256 369 - - 42,444 1,048 880 - - - 1,683 870 - 1,719 403 1,531 1,972 1,537 298 415 777 1,054 1,715	2023 Total funds £ 3,021 1,000 8,000 1,000 905 1,850 500 2,000 - - - - - - - - 958 - -
			19,234 1,323 - 523 300 1,000 5,761 191 905 98 123 472 - - - - - - 3,897

Page 5

GURSEVA Total resources expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2,940 (551) 15,787 15,236	12,962 27,093 7,473 34,566	15,902 26,542 23,241 49,783	14,593 4,641 18,600 23,241

Page 6

GURSEVA

Balance Sheet At 31 March 2024

Unrestricted funds £ CURRENT ASSETS Debtors - Cash at bank 15,236 Investment income - CREDITORS 15,236 Amounts falling due within one year - NET CURRENT ASSETS 15,236 TOTAL ASSETS LESS CUURENT LIABILITIES 15,236 ACCRUALS AND DEFERRED INCOME - NET ASSETS 15,236 FUNDS Unrestricted & Restricted funds 15,236 TOTAL FUNDS	Restricted funds £ - 34,566 - 34,566 - 34,566 34,566 - 34,566 34,566	2024 Total funds £ - 49,783 - 49,783 - 49,783 49,783 - 49,783 49,783 49,783	2023 Total funds £ - 23,241 - 23,241 - 23,241 23,241 - 23,241 23,241 23,241

The financial statements were approved by the Board of Trustees on 31 January 2025 and were signed on its behalf by:

R S Chawla

.............................................

Trustee:

S S Luthra

............................................. Trustee:

Page 7

GURSEVA

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 1993 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund will be included in the notes to the financial statements.

Hire purchase and leasing commitments

Any rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the period of the lease.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' Expenses

There were no trustees' expenses paid for the year ended 31 March 2024 or for the year ended 31 March 2023.

3. STAFF COSTS

There were no staff costs or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Page 8

GURSEVA

Detailed Statement of Financial Activities For the Year Ended 31 March 2024

INCOMING RESOURCES Incoming resources from generated funds Donations Gift aid Fundraising Other Income Grants received Total incoming resources RESOURCES EXPENDED Charitable activities Helping Hands Computer rooms at schools Screwfix Foundation Groundwork (Tesco) (no.1) Jasper Foundation (no. 1) Jasper Foundation (no. 2) Awards for all – The National Lottery Groundwork (Tesco) (no.2) Lloyds Building Society Crane Valley Grant Award Faith and Belief Forum Jasper Foundation (no. 3) Freshwater Foundation Crane Valley Grant (1) Hounslow Council Small Grants Award Faith and Belief Forum (2) Jasper Foundation (4) Crane Valley Grant (2) Other resources expended Support Costs Telephone Motor expenses Insurance	2024 £ 2,020 - 369 - 40,055 42,444 1,048 - - 880 - - 1,683 870 - 1,719 403 1,531 1,972 1,537 298 415 777 1,054 - - 1,486 229	2023 £ 3,021 - 958 - 15,255
		19,234 1,323 2,183 523 - 300 1,000 5,761 191 905 98 123 472 - - - - - - - 80 1,405 229

Page 9

GURSEVA
Total resources expended		15,902	14,593
NET INCOMING RESOURCES		26,542	4,641
RECONCILIATION OF FUNDS
Total funds brought forward		23,241	18,600
TOTAL FUNDS CARRIED FORWARD		49,783	23,241
5. Movement in Funds
	At	Net	At
	31.3.2024`	movement	31.3.2023
	£	in funds	£
		£
Unrestricted fund	15,236	(551)	15,787
Restricted fund	34,566	27,093	7,473
TOTAL FUNDS	49,783	26,542	23,241
Net movement in funds, included in the
above are as follow:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Total funds	42,444	(15,902)	26,542
TOTAL FUNDS CARRIED FORWARD	42,444	(15,902)	26,542

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