Charity number: 1178195
DANI CHARITABLE TRUST
Unaudited
Trustees' Report and Financial Statements
For the Year Ended 30 April 2021
DANI CHARITABLE TRUST
Contents
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
DANI CHARITABLE TRUST
Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 30 April 2021
Trustees Amar Dani Anand Dani Anisha Dani Charity registered number 1178195 Principal office Unit 11 Lakeview Business Park Claremont Way Hersden Kent CT3 4BF Accountants Williams Giles Professional Services Ltd Chartered Accountants 12 Conqueror Court Sittingbourne Kent ME10 5BH
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DANI CHARITABLE TRUST
Trustees' Report For the Year Ended 30 April 2021
The Trustees present their annual report together with the financial statements of the Charity for the 1 May 2020 to 30 April 2021.
Objectives and activities
a. Policies and objectives
The Charity's objectives are the advancement of health and education, alleviation of poverty and serving humanity.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
In this regard, the Charity began supporting its poverty relief efforts through the construction of a toilet block in Tanzania. The source of income for this first project was through public donations.
Achievements and performance
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. For this reason, they continue to adopt the going concern basis can be found in the accounting policies.
b. Reserves policy
The Charity maintains a minimum reserve of £500. As at the period end, reserves totalled £9,748 (2020 £4,556).
c. Financial Review
During the period, total income was £17,610 (2020: £5,594) with total expenditure of £12,418 (2020: £6,040), resulting in a surplus of £5,192 (2020: deficit of £446). This is comprised entirely of general funds.
Structure, governance and management
a. Constitution
Dani Charitable Trust is a registered charity, number 1178195, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
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DANI CHARITABLE TRUST
Trustees' Report (continued) For the Year Ended 30 April 2021
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Amar Dani
Date: 2nd November 2021
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DANI CHARITABLE TRUST
Statement of financial activities For the Year Ended 30 April 2021
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 17,610 - 17,610 12,418 12,418 5,192 4,556 5,192 9,748 |
Total funds 2021 £ 17,610 - 17,610 12,418 12,418 5,192 4,556 5,192 9,748 |
Total funds 2020 £ 5,592 2 5,594 6,040 6,040 (446) 5,002 (446) 4,556 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 6 to 10 form part of these financial statements.
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DANI CHARITABLE TRUST
Balance Sheet As at 30 April 2021
| Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total net assets Charity funds Unrestricted funds 9 Total funds |
10,348 10,348 (600) |
2021 £ 9,748 9,748 9,748 9,748 |
4,856 4,856 (300) |
2020 £ 4,556 |
|---|---|---|---|---|
| 4,556 | ||||
| 4,556 | ||||
| 4,556 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Amar Dani
Date: 2nd November 2021
The notes on pages 6 to 10 form part of these financial statements.
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DANI CHARITABLE TRUST
Notes to the Financial Statements For the Year Ended 30 April 2021
1. General information
Dani Charitable Trust is a registered incorporated charity, number 1178195, and is constituted under a Trust deed.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Dani Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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DANI CHARITABLE TRUST
Notes to the Financial Statements For the Year Ended 30 April 2021
2. Accounting policies (continued)
2.5 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.6 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
3. Income from donations and legacies
| Unrestricted funds 2021 £ Donations 17,610 Total 2020 5,592 |
Total funds 2021 £ 17,610 5,592 |
Total funds 2020 £ 5,592 |
|---|---|---|
4. Investment income
| Unrestricted funds 2021 £ Interest - Total 2020 2 |
Total funds 2021 £ - 2 |
Total funds 2020 £ 2 |
|---|---|---|
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DANI CHARITABLE TRUST
Notes to the Financial Statements For the Year Ended 30 April 2021
5. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2021 £ Relief of poverty 12,418 Total 2020 6,040 |
Total funds 2021 £ 12,418 6,040 |
Total funds 2020 £ 6,040 |
|---|---|---|
6. Analysis of expenditure by activities
| Relief of poverty Total 2020 |
Activities undertaken directly 2021 £ 11,892 5,643 |
Support costs 2021 £ 526 397 |
Total funds 2021 £ 12,418 6,040 |
Total funds 2020 £ 6,040 |
|---|---|---|---|---|
7. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .
During the year ended 30 April 2021, no Trustee expenses have been incurred (2020 - £NIL) .
8. Creditors: Amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 600 | 300 |
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DANI CHARITABLE TRUST
Notes to the Financial Statements For the Year Ended 30 April 2021
9. Statement of funds
Statement of funds - current year
| Unrestricted funds Unrestricted funds Statement of funds - prior year Unrestricted funds Unrestricted funds Summary of funds Summary of funds - current year General funds Summary of funds - prior year General funds |
Balance at 1 May 2020 £ 4,556 Balance at 1 May 2019 £ 5,002 Balance at 1 May 2020 £ 4,556 Balance at 1 May 2019 £ 5,002 |
Income £ 17,610 Income £ 5,594 Income £ 17,610 Income £ 5,594 |
Expenditure £ Balance at 30 April 2021 £ (12,418) 9,748 Expenditure £ Balance at 30 April 2020 £ (6,040) 4,556 Expenditure £ Balance at 30 April 2021 £ (12,418) 9,748 Expenditure £ Balance at 30 April 2020 £ (6,040) 4,556 |
Balance at 30 April 2021 £ 9,748 |
|---|---|---|---|---|
10. Summary of funds
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DANI CHARITABLE TRUST
Notes to the Financial Statements For the Year Ended 30 April 2021
11. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2021 £ Current assets 10,348 Creditors due within one year (600) Total 9,748 |
Total funds 2021 £ 10,348 (600) 9,748 |
|---|---|
Analysis of net assets between funds - prior year
| Current assets Creditors due within one year Total |
Unrestricted funds 2020 £ 4,856 (300) 4,556 |
Total funds 2020 £ 4,856 (300) 4,556 |
|---|---|---|
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