SHREE LIMBACHIA GNATI FEDERATION UK. (REGISTERRED CHARITY NO. 1180052) RE ERED ADDRE 522 WELFORD ROAD LEICESTER LE2 6AN REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31StMARCH 2024
SHREE LIMBACHIA GNATI FEDERATION UK FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Registered NutDber: 1180052
SHREE LIMBACHIA GNATI FEDERATION UK FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Trustee Mr Mahendrabhai Mohanbhai Valand Dr Tribhuvanbhai P Jotangia MT Harshad N Solanki Mr Ramanbhai C Baber MT Jayantilal K Jagatia Mr Dinesh Bhatti Psident Vice President TreasuTer p.ko Registered Office 522 Welford Road Wigston Leicester LE42 6EN Bankers Barclay5 Bank PIC AccouDtants K P Associates Certified Public Accountants Fairgate House 205 Kings Road Tyseley Birmingham B112AA
SHREE LIMBACHIA GNATI FEDERATION UK FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Contents.. Pages l & 2. Trustees Report Auditor's Rewrt Income & Expenditure Alc. BalaD¢e Sheet NoS to tbe Financial Statements
SHREE LIMBACHIA GNATI FEDERATION UK FfTrJANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 Report of the Trustees The Trustees present5 their report M'ith tbe fmancial staternent of tbe organisation for the period ended 31 March 2024. The trusiees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Rerrt)rting by Charities issued March 2005 Structure and Management l. ShTee Limbachia Gnati Federation UK (SLGF) is a regiSred charitable orgaThi5ation reS(cred on 24 September 2018 and is governed by its constition 2. Management and operational Tesponsibilities are bestowed on the executive commitiee/irusEees. All the In15 of SLGF are non-paid volunfrers. Objectives & Activities: The objective of SLGF is to= . Organise cultural, edueational and religious programmes. b. Hold participative classes for dance and music. Provtde facility for religious aclivilies and functions. d. Aciively promote Hindu values. e. Promote Youth activities. SLGF is all independent organisation and has a mandate to pursue such activities dccmed appropriatc in furthetance of its obje¢iives as laid dO.n in its COll5tittTtion. The financial siatements reproduced in the following pages represents the true and fair view of the organisation"s fanCIal Stat5. Future Plans: SLGF to renovate the newly purchased community building and to install deities for regular prayers. Trustees Respon5ibi]ities The organisation (SLGF) is controlled by its governing documents (Constitution). The trusiees are responsible for preparing the report and the ftc1a1 statements of Page I
the organisation in accordance with applicable laws and United Kingdom accounting slandards (United Kingdom generdlly accepied accounting praclice). The law applicable to charities in England and Wales, The ChaTities Act 2011, Cbarities (accounts alld reports) regulations 2008 and provisions of Trust Deeds requires the trusiees io prepare financial Stements for each financial year which gives a true and fair view of the slate of affairs of the organisation and of the incoming resources and applicalion of resources, including the iThcome and expenditure of the organisation for thai period. In preparÉng those fllwjcial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. ObseTh'c the method and principles of the charity SORP Make judgement and estimates that are reasonable 2nd prudent Prepare the financial staiements on the ongoing concern basis unless it is inappropriate to presume that the eIrIty will wntinue iti business. The trSteeS are responsible for keeping proper accounting record5 whicb disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure thai the financial staietEJents comply with the Charities Acl 2011. The Charity (accounts and reponsl regulation 2008 and the provision of trnst deed. Trustees are also responsible for safeguarding the assets of the charity and hence for laking reasonable SpS for the prevention and detection of fraud and other regularities. Risk Management The trleeS have a duty lo identify and review the risks to which the charity is exposed and to ensure that the appropriate controls are in place to provide reasonable assurance against fraud and error. Results 2024 2023 Exce&5 of income over expenditure 15295 15295 Approved by order of the Board of Tntett on 03 March 2025 and signed on its behalf by: Mahendrabhai Nai (President) Har5hJd N Solanki (Treasurer) Jayantib (Trnstee) i K Jagatia Page 2
AUDITOR'S REPORT TO THE TRUSTEES OF SHREE LIMBACHIA GNATI FEDERATION UK FOR THE PERIOD ENDED 31 MARCH 2024 We have audited the financial staietnents on pages 4 to 5 which have been prepared under the hisiorical cosi conveniion and the accounting policic5 set out on page 6. Respecrfve responslblllties of Managing Trustee & Auditors As described on page l and 2 the trnsiees are responsible for the prepardtion of ihe financial statements. It is our responsibility to forni an independent opinion based on our audit OTh these statements and report our opinion to you. BYdSiS of Opinion We conducted our audit in accordance '1th auditing standards issued by the Auditing Practices Board. An audit includes examination on a iesi basis of clidence relevant lo the amounts and disclosures in the fmancial statements. It also includes an assessment of the significanl estimales and judgements Tnade by the trus1tt5 in the preparation of the financial siaternents and whether the acCoUtIng policies are appropriate to the trust's ¢ircumstan¢es. We have perfonned OUT audit so as to obtain all ihe infonnation and explanations which we consider necessary in order provide us with sufficient evidence to give reasonable assurance thai the financial statements are free from material misstatements, whether caused by fraud OT Other irregularity or error. Oplnlo In our opinion the financial statements give a true and fair view of the state of the st's affairs at 31 March 2024. ssocia Certified Public A¢¢ountants. Page 3
SHREE LIMBACHIA GNATI FEDERATION UK INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 3 I MARCH 2024 2024 2023 Donations received: General cUlra1 & religious events Property lrnprovements Building project Hall Hire Mandir Petty Collection Leicester Council Grant Bank interest HMRC Gift Aid Claim Other incolne 27594 53897 18701 2699 10649 1989 1894 750 14 463 3800 104839 02 17614 153 Membership fees 104941 17767 LESS: OVERHEADS Stationery & Postage Heat and Light Insurance Telephone & internet costs Cleaning & hygiene Repairs & renewals Travelling costs Subscription- Zoom charges Donalions given Bank charges Professional fees- surveyor Sundries Depreciation 1850 12478 3069 187 552 9550 750 51 123 1852 302 98 4214 1741 34608 2472 Excess of Income over Expendin]re 70333 15295 Page 4
SHREE LIMBACHIA GNATI FEDERATION UK BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS Property Addition 667500 40551 667500 708051 667500 Fixtures & Fittings-Addition Less- Depreciation 11609 1741 9868 717919 667500 CURRENT ASSETS Cash at Bank 99055 79141 99055 79141 CURRENT LIABILITIES Private Loans 3851XII 385001 NET CURRENT LIABILITIESIASSETS (285946) (305860} 431973 361640 REPRESEKfED BY Funds BIFwd. Excess of Income Over Expellditure 361640 346345 70333 15295 431973 361640 431973 361640 Page 5
SHREE LIMBACHIA GNATI FEDERATION UK FOR THE PERIOD ENDED 31 MARCH 2024 Note5 to the Financial Statements Accounting Polieia: The financial statcments have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Small Entities (effective April 2008). the Charilies Act 2011 and the requirements of the Stalemeni of Recotnmended practice (Accounting and Reporting) by Charities. l. Incoming Resour¢es & R¢sour¢¢s Expended: All incoming resources are included on the Stslements of financial activities where the organisation is legally entitled to the income, and the amount can be quantified with re&son8ble accuracy. Expenditure is accountcd for a cash basis and has been classified under heading5 Ihat aggregate aIl costs related lo that catcgory. Where cost cannot be directly attribuied to particular headings. they bave been allocated activities on a basis consistcnt with the use of resources. 2. Inve5tmeDt Income: There was no investment income. 3. Trustees remuneration and benefits: There were no trustees, TemuTherdtioTh or other benefits for the year ended 31 March 2024. 4. Trustees expenses= There were no trnstees. expenses paid for the year ended 31 March 2024. Page 6