REGISTERED CHARITY NUMBER: 1190910
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Her Lohri Project
Jon Dawson and Company Unit C17 Kestrel Business Centre Colwick Industrial Estate Nottingham NG4 2JR
Her Lohri Project
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 to 8 |
| Detailed Statement of Financial Activities | 9 |
Her Lohri Project
Report of the Trustees
for the Year Ended 31 March 2024
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 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1190910
Principal address
C17, Kestrel Business Centre Colwick Industrial Estate Nottingham NG4 2JR
Trustees
Ms K Dhesi Ms J Biant Ms M Hanspal Ms R Bilkhu Ms S Kaur
Approved by order of the board of trustees on 20 January 2025 and signed on its behalf by:
Ms M Hanspal - Trustee
Page 1
Her Lohri Project
Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 700 | 632 | |
| Other trading activities | 2 | 10,302 | 7,282 |
| Investment income | 3 | 5 | 13 |
| Total | 11,007 | 7,927 | |
| EXPENDITURE ON | |||
| Raising funds | 4 | 2,708 | 2,597 |
| Charitable activities | |||
| Relief of proverty and hardship | 4,966 | 4,010 | |
| Total | 7,674 | 6,607 | |
| NET INCOME | 3,333 | 1,320 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 9,639 | 8,319 | |
| TOTAL FUNDS CARRIED FORWARD | 12,972 | 9,639 |
The notes form part of these financial statements
Page 2
Her Lohri Project
Balance Sheet 31 March 2024
| 31.3.24 Unrestricted fund Notes £ CURRENT ASSETS Debtors 7 524 Cash at bank 12,448 12,972 NET CURRENT ASSETS 12,972 TOTAL ASSETS LESS CURRENT LIABILITIES 12,972 NET ASSETS 12,972 FUNDS 8 Unrestricted funds 12,972 TOTAL FUNDS 12,972 |
31.3.23 Total funds £ - 9,639 |
|---|---|
| 9,639 | |
| 9,639 | |
| 9,639 | |
| 9,639 | |
| 9,639 | |
| 9,639 |
The financial statements were approved by the Board of Trustees and authorised for issue on 20 January 2025 and were signed on its behalf by:
M Hanspal - Trustee
The notes form part of these financial statements
Page 3
Her Lohri Project
Notes to the Financial Statements for the Year Ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 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 is included in the notes to the financial statements.
Page 4
continued...
Her Lohri Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 2. OTHER TRADING ACTIVITIES Fundraising events 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Raising donations and legacies Support costs |
31.3.24 £ 10,302 31.3.24 £ 5 31.3.24 £ 150 |
31.3.23 £ 7,282 |
|---|---|---|
| 31.3.23 £ 13 31.3.23 £ - |
5. 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 nor for the year ended 31 March 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 632 | |
| Other trading activities | 7,282 | |
| Investment income | 13 | |
| Total | 7,927 | |
| EXPENDITURE ON | ||
| Raising funds | 2,597 | |
| Charitable activities | ||
| Relief of proverty and hardship | 4,010 | |
| Total | 6,607 | |
| NET INCOME | 1,320 | |
| Page 5 | continued... |
Her Lohri Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 8,319 | |||
| TOTAL FUNDS CARRIED FORWARD | 9,639 | |||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Prepayments | 524 | - | ||
| 8. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 9,639 | 3,333 | 12,972 | |
| TOTAL FUNDS | 9,639 | 3,333 | 12,972 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 11,007 | (7,674) | 3,333 | |
| TOTAL FUNDS | 11,007 | (7,674) | 3,333 |
Page 6
continued...
Her Lohri Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,319 | 1,320 | 9,639 |
| TOTAL FUNDS | 8,319 | 1,320 | 9,639 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 7,927 | (6,607) | 1,320 |
| TOTAL FUNDS | 7,927 | (6,607) | 1,320 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 8,319 | 4,653 | 12,972 |
| TOTAL FUNDS | 8,319 | 4,653 | 12,972 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 18,934 | (14,281) | 4,653 |
| TOTAL FUNDS | 18,934 | (14,281) | 4,653 |
Page 7
continued...
Her Lohri Project
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8
| Her Lohri Project | ||
|---|---|---|
| Detailed Statement of Financial Activities | ||
| for the Year Ended 31 March 2024 | ||
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 700 | 632 |
| Other trading activities | ||
| Fundraising events | 10,302 | 7,282 |
| Investment income | ||
| Deposit account interest | 5 | 13 |
| Total incoming resources | 11,007 | 7,927 |
| EXPENDITURE | ||
| Other trading activities | ||
| Fund raising costs | 2,558 | 2,597 |
| Charitable activities | ||
| Grants made | 4,760 | 4,010 |
| Support costs | ||
| Management | ||
| Accountancy | 150 | - |
| Information technology | ||
| Domain registrations | 84 | - |
| Governance costs | ||
| Insurance | 122 | - |
| Total resources expended | 7,674 | 6,607 |
| Net income | 3,333 | 1,320 |
This page does not form part of the statutory financial statements
Page 9