GIEO GITA UK
TRUSTEES' REPORT
AND
FINANCIAL STATEMENTS
PERIOD FROM
1 MARCH 2024
TO
28 FEBRUARY 2025
REGISTERED NO. 1191454 (ENGLAND AND WALES)
GIEO GITA UK
C O N T E N T S
| PAGE | |
|---|---|
| CHARITY INFORMATION | 1 |
| TRUSTEES' REPORT | 2-3 |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES | 4 |
| INDEPENDENT EXAMINER'S REPORT | 5 |
| STATEMENT OF FINANCIAL ACTIVITIES | 6 |
| BALANCE SHEET | 7 |
| ACCOUNTING CONVENTIONS AND ACCOUNTING POLICIES | 8 |
| NOTES TO THE FINANCIAL STATEMENTS | 9 |
GIEO GITA UK
CHARITY INFORMATION
LEGAL NATURE: FOUNDATION CHARITABLE INCORPORATED ORGANISATION (CIO) DATE CHARITY INCOPORATED: 24 September 2020 DATE CHARITY REGISTERED: 24 September 2020 CHARITY NUMBER: 1191454 (England and Wales) TRUSTEES/MEMBERS: Hitesh Mohan Jitesh Singla Aneet Kapoor CHARITY OFFICE: 260 WILBRAHAM ROAD MANCHESTER M16 8QL BANKERS: NATWEST HONORARY INDEPENDENT EXAMINER: DEVSHI CHOTHANI DBF ASSOCIATES SOUTH CHEETHAM BUSINESS CENTRE 10 PARK PLACE MANCHESTER M4 4EY
Page 1
GIEO GITA UK
PERIOD ENDING 28 FEBRUARY 2025
TRUSTEES' REPORT
The Trustees present their report and accounts for the period from 1 March 2024 to 28 February 2025.
This report is prepared in accordance with the Association’s constitution, the Charities Act 2011 and the Charities SORP (FRS 102) – Update Bulletin 2 issued in October 2018.
Objects
The objects of the charity are as follows:
1) To advance the Hindu Religion in Britain for the benefit of the public through holding of prayer meetings, lectures, public celebrations of religious festivals, producing and/or distributing literature on the Hindu Religion to enlighten others about the Hindu Religion through teachings of the Shri Baghvad Gita.
2) To advance the education of the public in the history, culture and traditions of the Hindu Religion through social and other media and educational and relgious events. To further or benefit the residents of britain without distinctions of sex, sexual orientation, race or of political, religious, or other opinions by associating together the said residents and local authorities, voluntarily and other organisations in a common effort to advance enducation for the residents of Britain.
3) The promotion of religious and racial harmony to reduce conflict between people from differing races or religious belief systems, eliminate discrimination and support diversity in society.
4) The promotion of health and wellbeing through the organisation of Yoga and other physical activity sessions; the dissemination of information to promote physical and mental health through teachings of the Shru Baghvad Gita.
Public Benefit
The trustees believe that, in providing the various religious and other events free of charge to the participants that they do provide, they are fulfilling their public benefit obligations as required under the Section 4 of the Charities Act 2011 and the subsequent guidance published by the Charity Commission.
Board Organisation
The trustees of the charity are the three founding members listed on page 1. In future, further members may be added, by invitation from the existing trustees The trustees meet as a Board on a regular basis to plan the various religious and other events and to supervise the successful execution of those plans.
Review of Activities
The trustees successfully provided, as planned and with the help of a dedicated team of volunteers, various events throughout the year, which were well supported and at no cost to the participants.
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GIEO GITA UK
PERIOD ENDING 28 FEBRUARY 2025
TRUSTEES' REPORT CONTINUED
Financial Review
The charity received £34,320 in cash donations (2024: £nil) and £76,400 in donations in kind (2024: £nil), comprising of food, goods, professional services and venue costs. These were valued at fair value in line with the Charities SORP and reduced costs that would otherwise have been incurred. The Trustees consider the charity’s financial position satisfactory.
Achievement
Donations and gifts in kind enabled the charity to deliver its planned activities and support its beneficiaries effectively. The Trustees are grateful for the support received.
Risk Management
The Trustees regularly review key risks, including funding, operational and compliance risks, and have procedures in place to manage them. The Trustees are satisfied these measures are appropriate for the charity’s size and activities.
Future Plans
The charity plans to maintain current service levels, continue building relationships with donors, and seek opportunities to expand support for beneficiaries where resources allow.
Trustees' Declaration
In accordance with charity law, as trustees, we certify that:-
So far as we are aware, there is no relevant information of which the charity's independent examiner is unaware. We have taken all the steps necessary that we ought to have taken in order to make ourselves aware of any relevant financial information and to establish that the charity's independent examiner is aware of that information.
Approval
This report was approved by the Trustees on 12 September 2025 and signed on their behalf.
Signature: …………………………………………….
Printed Name: ………………………………………. Trustee
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GIEO GITA UK
Period Ended 28 February 2025
Trustees' responsibilities in relation to the Financial Statements
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the year end. In preparing those financial statements, the trustees are required:
-
to select suitable accounting policies and then apply them consistently;
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to make judgements that are reasonable and prudent;
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to state whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements; and
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to prepare the financial statements on the on-going concern basis unless it is inappropriate to presume the charity will continue in business.
The trustees are responsible for keeping accounting records which 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. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
In respect of the independent examination, the trustees have a responsibility to ensure that they take all steps necessary in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
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INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF GIEO GITA UK Period Ended 28 February 2025
Independent Examiner’s Report to the Trustees on the Financial Statements
I, Devshi Chothani, report on the Financial Statements of the charity for the period ended 28 February 2025 as set out on pages 6 and 7 together with the notes on pages 8 and 9.
Respective responsibilities of the Trustees and the Examiner
The charity’s trustees are responsible for the preparation of the Financial Statements. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility as the Independent Examiner:
-
to examine the Financial Statements under section 145 of the Charities Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act);
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to state whether particular matters have come to my attention.
Basis of the Independent Examiner’s statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept 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 explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the Financial Statements present a "true and fair" view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination no material matters have come to my attention which gives me cause to believe that, in any material respect,
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the Financial Statements did not accord with the accounting records; or
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the Financial Statements did not comply with the applicable requirements concerning the form and content of Financial Statements set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the Financial Statements give a "true and fair" view which is not a matter considered as part of an independent examination.
I 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 accounts to be reached.
12/09/2025 ……………………………………………. Date ……………………………
Devshi Chothani Chartered Accountant DBF Associates South Cheetham Business Centre 10 Park Place, Manchester, M4 4EY
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GIEO GITA UK
STATEMENT OF FINANCIAL ACTIVITIES Period Ended 28 February 2025
| UNRESTRICTED FUNDS 2025 NOTES £ INCOME FROM: Donations 3 34,320 Donations in Kind 3 76,400 Total Incoming Resources 110,720 EXPENDITUREON: Raising Funds - Charitable Activities 4 103,693 Total Expenditure 103,693 Net Income / (Expenditure) 7,028 Funds Brought Forward - Funds Carried Forward 7,028 |
2024 £ - |
|---|---|
| 0 | |
| - - |
|
| 0 | |
| - - - |
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GIEO GITA UK
| BALANCE SHEET AS AT 28 FEBRUARY 2025 NOTES CURRENT ASSETS Debtors Cash at Bank TOTAL CURRENT ASSETS LESS: CURRENT LIABILITIES Creditors NET ASSETS REPRESENTED BY: General Fund |
2025 2024 £ £ - - 7028 - 7,028 0 - - 7,028 0 7,028 0 |
|---|---|
Page 7
GIEO GITA UK NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 28 FEBRUARY 2025
1 Accounting Conventions
1.1 BASIS OF PREPARATION
The Financial Statements have been prepared under the historical cost convention and in accordance with the Charities (Accounts and Reports) Regulations 2008, the Charities Act 2011 and the Charities SORP (FRS 102) - Update Bulletin 2 issued in October 2018.
- 1.2 GOING CONCERN CONCEPT
The Financial Statements have been compiled on the assumption that the charity will be a goingconcern for at least twelve months from the date of this report.
- 1.3 SOFA MINOR MODIFICATION
The trustees have opted to modify the SOFA slightly by grouping all incoming resources, other than those derived from Charitable Activities, under the generic heading "Other Sources" in order to avoid any potential confusion that could arise from the use of the heading "Donations and Legacies".
2 Accounting Policies
2.1 INCOME
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a) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
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b) Grants, including any grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
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c) Donated goods, services and facilities are recognised as income when entitlement, probability of receipt and reliable measurement criteria are met. They are valued at fair value, based on the cost the charity would otherwise incur. Donated professional services and facilities are recognised as both income and an equivalent expense. General volunteer time is not recognised as it cannot be reliably measured under the SORP.
2.2 EXPENDITURE
- a) Resources expended are recognised in the period in which they are incurred. Resources
expended include attributable VAT which cannot be recovered.
- b) Resources expended are allocated to the particular activity where the cost relates directly to that activity.
2.3 FUNDS
-
a) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
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b) Designated funds are unrestricted funds which have been specifically earmarked by the executive committee for particular purposes.
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c) Restricted funds are funds to be used for specific purposes as laid down either by the donor or by the terms of the appeal. Expenditure which meets these criteria is charged to those funds.
Page 8
GIEO GITA UK
PERIOD ENDED 28 FEBRUARY 2025
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
3 Donations and Donations in Kind
3.1 DONATIONS
Donations represent voluntary gifts of money received from supporters and members of the public.
3.2 DONATIONS IN KIND
Donations in kind consist of goods and services provided free of charge to the charity. These have been valued at their estimated market value at the time of receipt. During the year, donations in kind valued at £76,400 were received, comprising of food, goods, professional services and venue costs.
4 Charitable Activities – Event Costs
- 4.1 Event costs relate to expenditure incurred in organising and delivering the charity’s events during The year, including venue hire, catering, materials, and staff time directly involved. Total event costs for the year amounted to £103,693.
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