SHREE LIMBACHIA GNATI FEDERATION UK
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Registered Number: 1180052
SHREE LIMBACHIA GNATI FEDERATION UK
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Trustee
Mr Mahendrabhai Mohanbhai Valand Dr Tribhuvanbhai P Jotangia Mr Harshad N Solanki Mr Ramanbhai C Baber Mr Jayantilal K Jagatia Mr Dinesh Bhatti
President Vice President Treasurer P.R.O
Registered Office 522 Welford Road Wigston Leicester LE2 6EN
Bankers Barclays Bank Plc
Accountants
K P Associates Certified Public Accountants Fairgate House 205 Kings Road Tyseley Birmingham B11 2AA
SHREE LIMBACHIA GNATI FEDERATION UK
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Contents:
Pages 1 & 2. Trustees Report
-
Auditor’s Report
-
Income & Expenditure A/c.
-
Balance Sheet
-
Notes to the Financial Statements
SHREE LIMBACHIA GNATI FEDERATION UK
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025
Report of the Trustees
The Trustees presents their report with the financial statement of the organisation for the period ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued March 2005
Structure and Management
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Shree Limbachia Gnati Federation UK (SLGF) is a registered charitable organisation registered on 24 September 2018 and is governed by its constitution
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Management and operational responsibilities are bestowed on the executive committee/trustees. All the trustees of SLGF are non-paid volunteers. Objectives & Activities:
The objective of SLGF is to:
a. Organise cultural, educational and religious programmes.
b. Hold participative classes for dance and music.
c. Provide facility for religious activities and functions.
d. Actively promote Hindu values.
- e. Promote Youth activities.
SLGF is an independent organisation and has a mandate to pursue such activities deemed appropriate in furtherance of its objectives as laid down in its constitution.
The financial statements reproduced in the following pages represents the true and fair view of the organisation’s financial status.
Future Plans:
SLGF to renovate the newly purchased community building and to install deities for regular prayers.
Trustees Responsibilities
The organisation (SLGF) is controlled by its governing documents (Constitution). The trustees are responsible for preparing the report and the financial statements of
Page 1
the organisation in accordance with applicable laws and United Kingdom accounting standards (United Kingdom generally accepted accounting practice).
The law applicable to charities in England and Wales, The Charities Act 2011, Charities (accounts and reports) regulations 2008 and provisions of Trust Deeds requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the organisation and of the incoming resources and application of resources, including the income and expenditure of the organisation for that period. In preparing those 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 method and principles of the charity SORP
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Make judgement and estimates that are reasonable and prudent
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Prepare the financial statements on the ongoing concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The Charity (accounts and reports) regulation 2008 and the provision of trust deed. Trustees 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 regularities.
Risk Management
The trustees have a duty to 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 | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Excess of income over expenditure | 103337 | 70333 |
Approved by order of the Board of Trustees on 14 November 2025 and signed on its behalf by:
Mahendra M Valand Harshad N Solanki Jayantibhai K Jagatia (President) (Treasurer) (Trustee)
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AUDITOR’S REPORT
TO THE TRUSTEES OF
SHREE LIMBACHIA GNATI FEDERATION UK
FOR THE PERIOD ENDED 31 MARCH 2025
We have audited the financial statements on pages 4 to 5 which have been prepared under the historical cost convention and the accounting policies set out on page 6.
Respective responsibilities of Managing Trustee & Auditors
As described on page 1 and 2 the trustees are responsible for the preparation of the financial statements. It is our responsibility to form an independent opinion based on our audit on these statements and to report our opinion to you.
Basis of Opinion
We conducted our audit in accordance with auditing standards issued by the Auditing Practices Board. An audit includes examination on a test basis of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the trustees in the preparation of the financial statements and whether the accounting policies are appropriate to the trust’s circumstances.
We have performed our audit so as to obtain all the information and explanations which we consider necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatements, whether caused by fraud or other irregularity or error.
Opinion
In our opinion the financial statements give a true and fair view of the state of the trust’s affairs at 31 March 2025.
K P Associates. Certified Public Accountants.
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SHREE LIMBACHIA GNATI FEDERATION UK
INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Donations received: | |||
| General | 14374 | 27594 | |
| Cultural & religious events | 68623 | 53897 | |
| Property Improvements | -- | 18701 | |
| Building project | -- | -- | |
| Hall Hire | 13798 | 1989 | |
| Mandir Petty Collection | 20400 | 1894 | |
| Leicester Council Grant | 1955 | 750 | |
| Bank interest | 17 | 14 | |
| HMRC Gift Aid Claim | 18928 | -- | |
| Other income | -- | -- | |
| -------- | --------- | ||
| 138095 |
104839 | ||
| Membership fees | 102 | 102 | |
| -------- | --------- | ||
| 138197 |
104941 | ||
| LESS: OVERHEADS | |||
| Stationery & Postage | 469 | 1850 | |
| Heat and Light |
13461 | 12478 | |
| Insurance | 3311 | 3069 | |
| Telephone & internet costs | 554 | 187 | |
| Cleaning & hygiene | 966 | 552 | |
| Repairs & renewals | 5600 | 9550 | |
| Travelling costs | -- | 750 | |
| Cost of religious events | 4666 | -- | |
| Donations given | 654 | 119 | |
| Bank charges | 74 | 98 | |
| Professional fees – surveyor | -- | -- | |
| Sundries | -- | 4214 |
|
| Depreciation | 5105 | 1741 | |
| ------- | ------ |
||
| 34860 | 34608 | ||
| -------- |
--------- | ||
| Excess of Income over Expenditure | 103337 |
70333 | |
| ===== | ===== |
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SHREE LIMBACHIA GNATI FEDERATION UK
BALANCE SHEET AS AT 31 MARCH 2025
2025 2024
FIXED ASSETS
| Property | 708051 | 667500 | |
|---|---|---|---|
| Addition | -- | 40551 | |
| ---------- |
---------- | ||
| 708051 |
708051 | ||
| --------- | --------- | ||
| Fixtures & Fittings | 11609 | -- | |
| Fixtures & Fittings-Addition | 24166 | 11609 | |
| Less: Depreciation | 6846 | 1741 | |
| ---------- |
---------- | ||
| 28929 | 9868 | ||
| ---------- |
---------- | ||
| 736980 | 717919 | ||
| CURRENT ASSETS | |||
| Cash at Bank | 93331 | 99055 | |
| -------- | ---------- | ||
| 93331 | 99055 | ||
| ===== | ======= | ||
| CURRENT LIABILITIES | |||
| Private Loans | 295001 | 385001 | |
| --------- | --------- | ||
| NET CURRENT LIABILITIES/ASSETS | (201670) | (285946) |
|
| --------- | ---------- | ||
| 535310 | 431973 | ||
| ====== | ====== | ||
| REPRESENTED BY | |||
| Funds B/Fwd. | 431973 | 361640 | |
| Excess of Income | |||
| Over Expenditure | 103337 | 70333 | |
| --------- | ---------- | ||
| 535310 | 431973 | ||
| --------- | ---------- | ||
| 535310 | 431973 | ||
| ====== | ====== |
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SHREE LIMBACHIA GNATI FEDERATION UK
FOR THE PERIOD ENDED 31 MARCH 2025
Notes to the Financial Statements
Accounting Policies:
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Small Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended practice (Accounting and Reporting) by Charities.
1. Incoming Resources & Resources Expended:
All incoming resources are included on the statements of financial activities where the organisation is legally entitled to the income, and the amount can be quantified with reasonable accuracy.
Expenditure is accounted for a cash basis and has been classified under headings that aggregate all costs related to that category. Where cost cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
2. Investment Income:
There was no investment income.
3. Trustees remuneration and benefits:
There were no trustees’ remuneration or other benefits for the year ended 31 March 2025.
4. Trustees expenses:
There were no trustees’ expenses paid for the year ended 31 March 2025.
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