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2023-03-31-accounts

The Charity Registration Number is :- 1172906

Shree Ramdevji Maharaj Gat Mandal Leicester

Report and Accounts

31 March 2023

Shree Ramdevji Maharaj Gat Mandal Leicester

Report and accounts for the year ended 31 March 2023

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 7
Independent Examiner's Report 8
Funds Statements:-
Statement of Financial Activities 10
Movements in funds 12
Revenue Funds 12
Fixed Asset funds 12
Summary of funds 12
Balance sheet 13
Notes to the accounts 14

Shree Ramdevji Maharaj Gat Mandal Leicester

Trustees' Annual Report for the year ended 31 March 2023

The Trustees present their Report and Accounts for the year ended 31 March 2023.

Reference and administrative details

The charity name.

The legal name of the charity is:- Shree Ramdevji Maharaj Gat Mandal Leicester

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1172906

Legal structure of the charity

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .

The charity was formed on 2nd May 2017.

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

The principal operating address, telephone number and email address of the charity are:-

18 Cleveland Road

Wigston

LE18 1NFL i t hi

Telephone 07930961394 Email Address:- mandalia_mulji@hotmail.com

1

Shree Ramdevji Maharaj Gat Mandal Leicester

Trustees' Annual Report for the year ended 31 March 2023

The Trustees in office on the date the report was approved were:-

Mulji Lalji Mandalia Kantilal Naranbhai Nagar Ram Jiva Odedra Ashok Kumar Gondaliya Natwarlal Mashri Vishawadia

All the trustees are also members of the charity.

The following persons served as Trustees during the year ended 31 March 2023 :-

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

The charity is a Charitable Incorporated Organisation (CIO) whose constitution states that each Trustee will serve a term of Three Years. The Trustees elected continue to be all in office. All trustees retired at the AGM and were all eligible for re-election.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

To advance the Hindu religion including Hindu religious education for the benefit of the public by the establishment of a place of worship, the holding of prayer meetings, Religious Ceremonies, Indian Hymns, public celebrations of key religious festivals and producing, publishing and distributing various literature on Hinduism and the Hindu Religion in order to further enlighten other members of the public about the Hindu Religion.

The main activities undertaken in relation to those purposes during the year.

After Covid Restrictions the above activities were commenced during the year ended 31 March 2023 namely , monthly Paarth and main event . General donations from individuals continued during the year.

2

Shree Ramdevji Maharaj Gat Mandal Leicester

Trustees' Annual Report for the year ended 31 March 2023

The main activities undertaken during the year to further the charity's purpose for the public benefit.

Post the pandemic the Trustees can report that normal activities commenced during the year highlighted by the increase in the income streams. In the main a major Baar Pohar Paath was organised in July 2022 which proved to be a great success. Monthly activities of hold Paath’s was also commenced albeit not on a regular basis due to difficulty in securing venues. General donations also continued throughout the year are per normal.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

Child and Vulnerable People Protection Policy

Child protection and Protecting Vulnerable people is a part of safeguarding and promoting welfare. This charity whist in its infancy takes these matters seriously and whist there is not too much interaction in this area the Trustees have ensured to make all Trustees and key volunteers be aware of these issues and how to report them to the Trustees so that corrective measures can be undertaken should the need arise.

Arrangements in Place to ensure little risk of theft of cash donations

The collection of cash arises during functions held by the charity mainly. At these events, a locked cash box is kept where donors may freely make donations. In addition, two volunteers are tasked to handle and record all donations at such events and issue gift aid receipts to donors. The Receipt Book is pre-numbered and totalled up and check by a Trustee at end of each day. The key to the cash box is kept by an independent Trustee. At the end of the day the cashiers cash up in presence of a Trustee and the monies are accounted for and Banked by a trustee.

The contribution of volunteers during the year.

The charity recognisees, encourages and supports the contribution made by the volunteers in the delivery of the activities of the charity. This support from them is deemed invaluable to the charity. The knowledge, experience and skills that the volunteers pose enables and enriches the charity in fulling its objectives. The true monetary value of the contribution the volunteers make is difficult to quantify and not reflected in any financial statements of the charity. All volunteers and the charity accept that there is no contract of employment relationship created by the work they do in assisting the charities activities.

3

Shree Ramdevji Maharaj Gat Mandal Leicester

Trustees' Annual Report for the year ended 31 March 2023

The main achievements and performance of the charity during the year.

The above are the charities ‘normal’ activities which continued during the year.

Fundraising activities during the year.

The charity relies on aid from the donors identified in the accounts , whose support is valued. There have been no other fundraising activities.

The degree to which the achievements and performance during the year have benefited wider societyand the difference the peformance of the charity has made to the beneficiaries of the charity.

The initial activities undertaken by the charity has enabled all worshippers to be able to meet monthly and share and exchange knowledge an also enabled them to meet to chant bhajans and meet socially. This was well received by all and encouraged by all as a positive and fruitful achievement. It also enabled due to word of mouth and activity levels to encourage other members of public form all areas to attend and participate in the activities that they missed.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees and the policies and procedures for the induction and training of trustees..

All Trustees are appointed by passing a resolution by existing trustees and the office holds for a term on three years. All new trustees are provided with the induction where details of the CIO are provided together with information on their roles and responsibilities. This should ensure the New Trustees are aware of the scope of their responsibilities under the Charities Act.

4

Shree Ramdevji Maharaj Gat Mandal Leicester

Trustees' Annual Report for the year ended 31 March 2023

The trustees' bankers and advisors

Bankers Accountants

HSBC Bank Plc, 2-6 Gallowtree Gate Leicester LE1 1 DA Saii AG LLP Chartered Certified Accountants Suite 37/38, Marshall House 124 Middleton Road Morden Surrey SM4 6RW

Financial review

The charity's financial position at the end of the year ended 31 March 2023

The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Designated Building Fund
Total Unrestricted Funds
Restricted Building fund
Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net Income for the year		 2023
£
22,116
78,039
21,000
99,039
16,222
115,261		 2022
£
5,680
55,923
21,000
76,923
16,222
93,145

Financial review of the position at the reporting date, 31 March 2023 .

During the year under review normal charitable activities re commenced post the Pandemic. Income streams had a marked increase from last year during the year. In addition, one major event held in July 2022 which was a major success and good fund raiser. Monthly activities also recommenced as per normal. The Charity also continues to receive regular monthly donations from Doners which provided a stead regular income stream. This leaves the charity in good stead to continue with its regular activities.

5

Shree Ramdevji Maharaj Gat Mandal Leicester

Trustees' Annual Report for the year ended 31 March 2023

Policies on reserves.

The charity is pleased to report healthy reserves in view of a difficult year for all under review. The charities general policy is to hold six months of operating costs as reserves. Whist the charity has no fixed abode it is reliant on facilities to rent as it finds them suitable and is planning further events and activities for the benefit of the members and general public. Due to this the charity has taken a view to hold higher reserves than predicted on a six month basis that will enable it to fund future planned activities and also be able to fund any additional events rentals for premises hire. Due to the current uncertainty the charity is of the view that cash balances should be preserved. The longterm goal is still to acquire premises from which the charity can operate from. The charity has taken a cautious approach which has resulted in a healthy reserves balance but once some stability is established it will consider further options but is is difficult to plan under the current Covid 19 circumstances.

Going Concern and Future plans and prospects

The charity, due to its healthy reserves has had no material impact from the current pandemic under Covid 19. The trustees have taken a decision to hold additional reserves as a backup contingency plan to meet any additional costs whilst revenues have dropped drastically going forward.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

Robert J Woolley FCCA, CTA

Member of Chartered Certified Accountant

Crown House York Road Shiptonthorpe, York YO43 3PF

6

Shree Ramdevji Maharaj Gat Mandal Leicester

Trustees' Annual Report for the year ended 31 March 2023

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities 2019, (effective 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 24 October 2024.

Mr Mulji L Mandalia

Trustee

7

Shree Ramdevji Maharaj Gat Mandal Leicester

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2023

I report to the Trustees on my examination of the financial statements of the charity on pages 10 to 22 for the year ended 31 March 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities 2019, (effective 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 14.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 7, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

8

Shree Ramdevji Maharaj Gat Mandal Leicester

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities 2019, (effective 1st January 2019), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Robert J Woolley FCCA, CTA - Independent Examiner

Chartered Certified Accountant

Crown House York Road Shiptonthorpe, York YO43 3PF

This report was signed on 24 October 2024

9

Shree Ramdevji Maharaj Gat Mandal Leicester - Statement of Financial Activities for the year ended 31 March 2023

Statement of Financial Activities for the year ended 31 March 2023

Current year
Unrestricted
Funds
2023
£
Income & Endowments from:
Donations & Legacies
A1
27,901
Total income
A
27,901
Expenditure on:
Raising funds
B1
-
Charitable activities
B2
5,785
Total expenditure
B
5,785
Net income for the year
22,116
Net income after transfers
A-B-C
22,116
22,116
Reconciliation of funds:-
E
Total funds brought forward
76,923
Total funds carried forward
99,039
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2023
£
2,784
2,784
-
2,784
2,784
-
-
-
16,222
16,222		 Current year
Total Funds
2023
£
30,685
30,685
-
8,569
8,569
22,116
22,116
22,116
93,145
115,261		 Prior Year
Total Funds
2022
£
6,611
6,611
-
931
931
5,680
5,680
5,680
87,465
93,145

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

The notes attached on pages 14 to 22 form an integral part of these accounts.

10

Shree Ramdevji Maharaj Gat Mandal Leicester - Statement of Financial Activities for the year ended 31 March 2023

Shree Ramdevji Maharaj Gat Mandal Leicester - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

Prior Year
Unrestricted
Funds
2022
£
Income from:
Donations & Legacies
A1
4,591
Total income
A
4,591
Expenditure on:
Raising funds
B1
-
Charitable activities
B2
931
Total expenditure
B
931
Net income for the year
3,660
Net income after transfers
3,660
3,660
Reconciliation of funds:-
E
Total funds brought forward
71,243
Total funds carried forward
74,903
SORP
Ref
Net movement in funds		 Prior Year
Restricted
Funds
2022
£
2,020
2,020
-
-
-
2,020
2,020
2,020
16,222
18,242		 Prior Year
Total Funds
2022
£
6,611
6,611
-
931
931
5,680
5,680
5,680
87,465
93,145

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.'

Shree Ramdevji Maharaj Gat Mandal Leicester - Resources applied in the year ended 31 March 2023 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities		 2023
£
22,116
22,116		 2022
£
5,680
5,680

The notes attached on pages 14 to 22 form an integral part of these accounts.

11

Shree Ramdevji Maharaj Gat Mandal Leicester - Statement of Financial Activities for the year ended 31 March 2023

Movements in revenue and capital funds for the year ended 31 March 2023

Revenue accumulated funds

Accumulated funds brought forward
Transfer to Building Fund
Closing revenue funds
Fixed asset funds - Building Fund
At 1 April
Transfer from revenue funds
At 31 March
Recognised gains and losses before transfers		 Unrestricted
Funds
2023
£
55,923
22,116
78,039
-
78,039
Designated
Funds
2023
£
21,000
-
21,000		 Restricted
Funds
2023
£
-
-
-
-
-
Restricted
Funds
2023
£
16,222
-
16,222		 Total
Funds
2023
£
55,923
22,116
78,039
-
78,039
Total
Funds
2023
£
37,222
-
37,222		 Last year
Total Funds
2022
£
50,243
5,680
55,923
-
55,923
Last year
Total Funds
2022
£
37,222
-
37,222

The purposes of the transfers to fixed asset funds are described in Note 14 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.

Summary of funds
Unrestricted
Restricted
and
Funds
Designated funds
2023
2023
£
£
Revenue accumulated funds
78,039
-
Fixed asset funds
21,000
16,222
Total funds
99,039
16,222		 Total
Funds
2023
£
78,039
37,222
115,261		 Last Year
Total Funds
2022
£
55,923
37,222
93,145

The notes attached on pages 14 to 22 form an integral part of these accounts.

12

Shree Ramdevji Maharaj Gat Mandal Leicester - Balance Sheet as at 31 March 2023

Note
SORP
Ref
Current assets
B
Debtors
7
B2
Cash at bank and in hand
B4
Total current assets
Creditors: amounts falling due within
one year
8
C1
Net current assets/(liabilities)
Restricted Building Fund
12
D2
Unrestricted Funds
Unrestricted Revenue Funds
12
D3
Designated Building Fund
12
D3
Total charity funds
Total assets less liabilities are funded by the funds
Total assets less liabilities
2023
£
£
17,605
100,286
117,891
(2,630)
115,261
115,261
16,222
16,222
78,039
21,000
115,261
of the charity, as follows:-		 2022
£
£
13,997
81,228
95,225
(2,080)
93,145
93,145
16,222
16,222
55,923
21,000
93,145

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

There were no prior year transactions although the charity was in existence in the prior period, so all comparative information is nil.

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 9.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Mr Mulji L Mandalia Trustee Approved by the board of trustees on 24 October 2024

The notes attached on pages 14 to 22 form an integral part of these accounts.

13

Shree Ramdevji Maharaj Gat Mandal Leicester

Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities 2019, (effective 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities 2019, (effective 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

No estimates have been used in the preparation of these accounts.

Risks and future assumptions

The charity is a public benefit entity.

The trustees have used reasonable assumptions in assessing the risks to which the charity is exposed.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value of amounts receivable from donors.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

14

Shree Ramdevji Maharaj Gat Mandal Leicester

Notes to the Accounts for the year ended 31 March 2023

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Allocating costs to activities

Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.

The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-

Premises related costs - on the proportion of floor area occupied by a particular activity.

Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures

Estimation techniques used in apportioning costs - there were no such techniques adopted.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note5.

Policies relating to assets, liabilities and provisions and other matters.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Creditors and provisions are recognised when there is a legal obligation to meet a liability or where there is otherwise some reasonable certainty that the liability will arise.

Cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

15

Shree Ramdevji Maharaj Gat Mandal Leicester

Notes to the Accounts for the year ended 31 March 2023

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated Funds are those funds which are not s bject to specific restrictions but which the trustees have determined to s particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There is no significance of financial instruments in relation to the charity's financial position.

5 The contribution of volunteers

The charity recognisees, encourages and supports the contribution made by the volunteers in the delivery of the activities of the charity. This support from them is deemed invaluable to the charity. The knowledge, experience and skills that the volunteers pose enables and enriches the charity in fulling its objectives. The true monetary value of the contribution the volunteers make is difficult to quantify and not reflected in any financial statements of the charity. All volunteers and the charity accept that there is no contract of employment relationship created by the work they do in assisting the charities activities.

6 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

7 Debtors

Other debtors- HMRC refunds due in relation to Gift Aid
8 Creditors: amounts falling due within one year
Trade creditors
Accruals		 2023
£
17,605
2023
£
-
2,630
2,630		 2022
£
13,997
2022
£
-
2,080
2,080

16

Shree Ramdevji Maharaj Gat Mandal Leicester

Notes to the Accounts for the year ended 31 March 2023

Included in accruals is an accountancy fee of £500, which will be donated in kind in the course of the year ended 31st March 2022

9 Income and Expenditure account summary

Income and Expenditure account summary
At 1 April 2022
Transfers in for the year
Surplus after tax for the year
At 31 March 2023		 2023
£
93,145
-
22,116
115,261		 2022
£
87,465
5,680
93,145

10 No related party transactions

There were no transactions with related parties in the year.

11 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2023
Tangible Fixed Assets
Current Assets
Current Liabilities
At 1 April 2022
Tangible Fixed Assets
Current Assets
Current Liabilities		 Unrestricted
funds
£
-
80,669
(2,630)
78,039
Unrestricted
funds
£
-
58,003
(2,080)
55,923		 Designated
funds
£
-
21,000
-
21,000
Designated
funds
£
-
21,000
-
21,000		 Restricted
funds
£
-
16,222
-
16,222
Restricted
funds
£
-
16,222
-
16,222		 Total
Funds
£
-
117,891
(2,630)
115,261
Total
Funds
£
-
95,225
(2,080)
93,145

12 Change in total funds over the year as shown in Note 11 , analysed by individual funds

Unrestricted and designated funds:-
Unrestricted Revenue Funds
Designated Property Building Fund
Total unrestricted and designated funds
Restricted funds:-
Restricted Property Building Fund
Total restricted funds
Total charity funds		 £
55,923
21,000
76,923
16,222
16,222
93,145
Funds brought
forward from
2022		 See Note 13
See Note 0
£
£
22,116
-
-
-
22,116
-
-
-
-
-
22,116
-
Transfers
between
funds in 2023
Movement in
funds in 2023		 £
78,039
21,000
99,039
16,222
16,222
115,261
Funds carried
forward to
2024

17

Shree Ramdevji Maharaj Gat Mandal Leicester

Notes to the Accounts for the year ended 31 March 2023

13 Analysis of movements in funds over the year as shown in Note 12

Unrestricted and designated funds:-
Unrestricted Revenue Funds		 Other
Income
Expenditure
Gains &
Movement
Losses
in funds
2023
2023
2023
2023
£
£
£
£
27,901
(5,785)
-
22,116

14 The purposes for which the funds as detailed in note 12 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Designated Property Building Fund

These funds have been designated by the trustees from the unrestricted funds in order to assist in acquiring a building for the charity.

Restricted Property Building Fund

These funds have been donated by donors for the specific purpose of assisting in acquiring a building for the charity.

15 Ultimate controlling party

The charity is under the control of its legal members.

18

Shree Ramdevji Maharaj Gat Mandal Leicester

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

16 Donations and Legacies

Current year
Current year
Current year
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
2023
2023
£
£
£
Donations and gifts from individuals
21,790
2,784
24,574
Hariram Bapu & Parviar Dudharejia
1,501
-
1,501
Piyus Fatania
1,001
-
1,001
g
24,292
2,784
27,076
Prior Year Analysis :-Of the total sum of £49.935, an amount of £13,610 was restricted
Gift Aid refunds
3,609
-
3,609
3,609
-
3,609
Prior Year Analysis :-All prior year items were unrestricted
Total Donations and Legacies
A1
27,901
2,784
30,685
Total donations and gifts from individuals
Small donations individually less than £1000
Gift Aid Refunds from HMRC
Total Gift Aid refunds		 Prior Year
Total Funds
2022
£
6,248
-
-
6,248
363
363
6,611

Prior Year Analysis :- All prior year items were unrestricted

19

Shree Ramdevji Maharaj Gat Mandal Leicester

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

17 Investment income

Bank Interest Receivable
Total investment income
A4		 Current year
Unrestricted
Funds
2023
£
-
-		 Current year
Restricted
Funds
2023
£
-
-		 Current year
Total Funds
2023
£
-
-		 Prior Year
Total Funds
2022
£
-
-

Prior Year Analysis :- All prior year items were unrestricted

18 Expenditure on charitable activities - Direct spending

Current year
Unrestricted
Funds
2023
£
3,796
357
Total direct spending
B2a
4,153
Paath expenses
Priest's expenses		 Current year
Restricted
Funds
2023
£
2,784
-
2,784		 Current year
Total Funds
2023
£
6,580
357
6,937		 Prior Year
Total Funds
2022
£
125
251
376

Prior Year Analysis :- All prior year items were unrestricted

19 Expenditure on charitable activities- Grant funding of activities

Current year
Unrestricted
Funds
2023
£
-
-
Total grantmaking costs
B2c
-
Current year
Unrestricted
Funds
2023
£
Premises Expenses
-
Administrative overheads
221
743
Sundry expenses
Grants paid to organisations
Grants paid to individuals
Room Hire
Hire of equipment
Support costs for charitable activities		 Current year
Current year
Prior Year
Restricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
-
-
-
-
-
-
-
-
-
Current year
Current year
Prior Year
Restricted
Funds
Total Funds
Total Funds
2023
2023
2022
£
£
£
-
-
-
-
221
-
-
743
-

20 Support costs for charitable activities

20

Shree Ramdevji Maharaj Gat Mandal Leicester

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

Financial costs
118
Support costs before reallocation
1,082
Total support costs
1,082
Prior Year Analysis :-All prior year items were unrestricted
Bank charges		 -
-
-		 118
1,082
1,082		 25
25
25

The basis of allocation of costs between activities is described under accounting policies.

21 Other Expenditure - Governance costs

Current year
Unrestricted
Funds
2023
£
Independent Examiner's fees
550
Total Governance costs
550
Prior Year Analysis :-All prior year items were unrestricted		 Current year
Restricted
Funds
2023
£
-
-		 Current year
Total Funds
2023
£
550
550		 Prior Year
Total Funds
2022
£
530
530

22 Total Charitable expenditure

Total Charitable expenditure
Total direct spending B2a Current year
Current year
Current year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
2023
2023
2023
2022
£
£
£
£
4,153
2,784
6,937
376
Total grantmaking costs B2c -
-
-
-
Total support costs B2d 1,082
-
1,082
25
Total Governance costs B2e 550
-
550
530
Total charitable expenditure B2 5,785
2,784
8,569
931
Prior Year Analysis :-All prior year items were unrestricted
Expenditure on raising funds and costs of investment management
Costs of seeking donations,grants and legacies Current year
Current year
Current year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
2023
2023
2023
2022
£
£
£
£
-
-
-
-
Total fundraising costs B1 -
-
-
-

23 Expenditure on raising funds and costs of investment management

21