**REGISTERED CHARITY NUMBER: 1193110**
## **Report of the Trustees and Financial Statements for the Year Ended 31 March 2023**
## **for**
**Jalaram Sadavrat Trust Leicester UK**
## **Jalaram Sadavrat Trust Leicester UK Contents**
||**Page**|
|---|---|
|Report of the Trustees|1 to 3|
|Independent examiner's report|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7 to 10|
|Detailed Statement of Financial Activities|11|
## **Jalaram Sadavrat Trust Leicester UK**
## **Trustees' Annual Report For the year ended 31 March 2023**
The trustees present their annual report and the financial statements for the year ended 31 March 2023. The financial statements have been presented in accordance with the accounting policies set out in page 6 and comply with the charity's trust deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2019.
## **Trustees of the charity**
The directors of the charitable company are its trustees for the purposes of charity law.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objectives of the charity are:
- To provide nourishing meals at affordable prices or free in cases where an individual is not in a position to pay.
- To deliver fresh meals to vulnerable people in the local community who are housebound or have mobility issues.
- To provide a warm, welcoming, clean and safe environment at the centre for people to socialise and avoid isolation.
- To provide health and well being exercise classes, yoga classes, and Chai & Chat group meetings to promote health.
## **Significant activities**
The activities carried out by the charity include:
- Organising religious, health & wellbeing and social programmes
- Organising and running of the food delivery service and at the centre
- Organising events for the community at affordable prices so they can socialise and avoid social isolation by making new friends.
## **ACHIEVEMENT AND PERFORMANCE**
From delivering meals on wheels during the Covid-19 lockdown, the charity has expanded its services by preparing and providing meals with the use of hall hires for catering. The chairty now offers lunch for £5 every Thursday, with members eating for free on Thursdays.
Also, on Thursday's the charity provides 50 meals for free to the local Leicester homeless centre.
All organised events for the communities are below the market prices of other like for like events.
## **Charitable Donations**
During this financial year, the management committee made charitable donations of £7,064 to UK Charities and £4,001 to Santosh Seva Trust in India.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The charity's sources of income arose from the following:
- running lunch clubs for the elderly
- running regular tiffin deliveries for elderly and vulnerable
- running tiffin collections from the centre
- voluntary and small donations.
- Hall hire and catering for after funeral or events held at the centre.
Page 1
## **Investment policy**
The charity is continuously looking for opportunities to provide meals for the poor and vulnerable people. The charity wants to invest into improving the current rented premises so that it continues to have a meaningful impact in order to benefit the local community.
## **Funding policy**
The charity, apart from running their principal activities as mentioned above, regular fund raising activities and functions are organised to increase the revenue stream. These include religious readings to entertainment from Bollywood Music industry events. In the coming months, the charity will attempt to organise a sponsored walk to promote good health and also raise funds for the charity. The charity had applied for the national lottery for funding but the application was unfortunately not accepted.
## **Financial Review**
The charity income continues to remain strong. The Charity has started to create cash reserves to meet the future needs of the charity and accommodate any future downturns in income whilst it facilities for the elderly, luncheon club, etc. continues without disruptions. We now have a dedicated new charity account and the QR code for the ease for donors to make donations.
## **FUTURE PLANS**
On-going collaboration working in Uganda and Kenya with MaidAid UK Charity where education and meals will be provided to children in a library. The charity will also continue to contribute to the Gau Mataa, Cows Sanctuary in India where they feed the pverty-stricken children, elderly and the vulnerable widows who are given ration kits on a monthly basis. Also, continuing to capturing video footage of these events and channelling them through the Chairty's youtube channel Jalaram Sadavrat Trust Leicester UK to promote the cause.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is an incorporated charity constituted under a trustee deed dated 4th February 2020 and the registered charity number is 1193110.
## **Recruitment and appointment of new trustees**
The charity is actively looking to appoint new vibrant and active trustees. Due to the pandemic and whilst forming the charity in the middle of lockdown it has been quite challenging and so far we have managed to appoint a new trustee recently. They aim to appoint two new trustees to be joining in April 2024.
Page 2
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Charity Name Jalaram Sadavrat Trust Charity Number 1193110 Company number 12442534 Principle Office Glen Street Rooms, Glen Street, Leicester, LE4 6NN Accountants Burleys Leicester Limited, 9 Gower Street, Leicester. LE1 3LJ Bankers HSBC Bank
## **Trustees**
Mr Praful Bhatt - Chairman of trustees
## **Independent examiner**
Mr A D Kanani, FCCA Burleys Leicester Limited Chartered Certified Accountants 9 Gower Street Leicester LE1 3LJ
Approved by order of the board of trustees on 25 _th January 2024_ and signed on its behalf by:
Mr Praful Bhatt - Trustee
Page 3
## **Jalaram Sadavrat Trust Leicester UK**
## **Independent examiner's report to the Trustees on the accounts of Jalaram Sadavrat Trust Leicester UK for the year ended 31 March 2023**
I report to the chairty trustees on my examination of the accounts of the Jalaram Sadavrat Trust Leicester UK for the year ended 31 March 2023 which are set out on pages 5 to 11.
## **Responsibilities and basis of report**
As the charity trustees of the company and also its directors for the purposes of company law you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement, report and opinion**
Since your company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a registered member of which is one of the listed bodies I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
I have no concerns and 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.
Mr A D Kanani FCCA Burleys Leicester Limited Chartered Certified Accountants 9 Gower Street Leicester LE1 3LJ
25 January 2024
Page 4
## **Jalaram Sadavrat Trust Leicester UK Statement of Financial Activities for the year ended 31 March 2023**
|**Unrestricted**
**funds**
**Notes**
**2023**
**£**
**Income & Endowments From**
_Incoming resources from generated funds:_
Donations & Legacies
2
335,631
Investment Income
3
278
Income From Charitable Activities
4
12,970
Other trading activities
5
-
Gauchara Fund
-
**Total incoming resources**
348,879
**Expenditure**
_Resources expended from direct charitable expenditure :_
Raising donations and legacies
6
287,101
Other trading activities
7
1,734
Charitable Activities
8
11,065
Finance & Governance costs
9
12,344
**Total resources expended**
312,244
**Net incoming resources**
36,635
Total funds brought forward
124,567
**Total funds carried forward**
161,202|**Restricted**
**funds**
**2023**
**£**
-
-
-
-
220
220
-
-
-
-
220
-
220|**Total**
**funds**
**2023**
**£**
335,631
278
12,970
-
220
349,099
287,101
1,734
11,065
12,344
312,244
36,855
124,567
161,422|**Total**
**funds**
**2022**
**£**
251,246
5
1,240
2,652|
|---|---|---|---|
||||255,143|
||||187,431
2,550
15,327
4,003|
||||209,311|
||||45,832
78,735|
||||124,567|
## **Continuing operations**
All income and expenditure has arisen from continuing activities
Page 5
## **Jalaram Sadavrat Trust Leicester UK Statement of Financial Position as at 31 March 2023**
|**Notes**
**Fixed assets**
Tangible assets
11
**Current assets**
Amounts falling due within one year
12
Cash at bank and in hand
**Current liabilities**
Amounts falling due within one year
13
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds**
14
Unrestricted funds
Restricted funds
Total funds|**Unrestricted**
**funds**
**2023**
**£**
48,887
48,887
41,297
99,063
140,360
(28,045)
(28,045)
112,315
161,202
161,202|**Restricted**
**funds**
**2023**
**£**
-
-
220
220
-
220
220
220|**Total**
**funds**
**2023**
**£**
48,887
48,887
41,297
99,283
140,580
(28,045)
(28,045)
112,535
161,422
161,422
161,202
220
161,422|**Total**
**funds**
**2022**
**£**
55,289|
|---|---|---|---|---|
|||||55,289|
|||||3,839
85,118|
|||||88,957|
|||||(19,679)|
|||||(19,679)|
||||||
|||||69,278|
|||||124,567|
|||||124,567|
|||||124,567
-|
|||||124,567|
The financial statements were approved by the trustees on 25th January 2024 and signed on their behalf by:
Mr Praful Bhatt - Chair of Trustees
Page 6
**Jalaram Sadavrat Trust Leicester UK Notes to the Accounts for the year ended 31 March 2023**
## **1 Summary of significant 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) issued in October 2019, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011 and the Companies Act 2006. The financial statements have been prepared on a going concern basis 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment 20% Net book value Leasehold property 20% Net book value
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **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 7
## **Jalaram Sadavrat Trust Leicester UK Notes to the Accounts for the year ended 31 March 2023**
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Analysis of Charitable Income and expenditure**
|**2**
**Donations & Legacies**
Tiffin Sales
Donations
Lunch Club
Santosh Lunch
**3**
**Investment Income**
Bank deposit interest
**4**
**Income From Charitable Activities**
Hall hire & catering
**5**
**Other trading activities**
HMRC JRS Grants
**6**
**Raising donations and legacies**
Depreciation
Wages and salaries
Staff training costs
Insurance
Light & Heat
Rates and water
Cleaning
Printing, postage & stationery
Telephone
Pensions
Software
Repairs & Renewals
Packaging
Subscriptions
Motor Expenses
Purchases and materials
Rent
Sundry expenses|**2023**
**£**
128,340
181,993
21,333
3,965
335,631
278
-
278
12,970
12,970
-
-
12,222
146,393
640
2,432
13,633
-
1,354
1,014
2,419
968
832
6,578
17,507
-
8,240
66,451
6,000
418
287,101|**2022**
**£**
141,425
109,821
-
-|
|---|---|---|
|||251,246|
|||5|
|||5|
|||1,240|
|||1,240|
|||2,652|
|||2,652|
|||13,821
73,099
-
2,097
4,135
-
3,205
2,477
1,467
442
1,812
8,025
13,274
831
4,582
51,086
6,000
1,078|
|||187,431|
Page 8
## **Jalaram Sadavrat Trust Leicester UK Notes to the Accounts for the year ended 31 March 2023**
|**7**
**Other trading activities**
Publication expenses
1,734
-
1,734
**8**
**Charitable Activities**
Charitable donations - India
4,001
Donations
7,064
11,065
**9**
**Finance & Governance costs**
Bank charges
2,075
Accountancy and legal fees
10,269
12,344
**10 Average Number of Employees**
The average monthly number of employees during the year was as follows:
**2023**
Employees
10
10
**11 Tangible Fixed Assets**
**Leasehold**
**Fixtures, fittings**
**property**
**and equipment**
**£**
**£**
**Cost**
At 1 April 2022
38,043
42,213
Additions
-
5,820
Disposals
-
-
At 31 March 2023
38,043
48,033
**Depreciation**
At 1 April 2022
12,583
12,384
Charge for the year
5,092
7,130
On disposals
-
-
At 31 March 2023
17,675
19,514
**Net book value**
At 31 March 2023
20,368
28,519
At 31 March 2022
25,460
29,829
**12**
**Debtors: Amounts Falling Due Within One Year**
**2023**
**£**
Trade Debtors
6,386
Other Debtors
34,911
41,297|2,550
-|
|---|---|
||2,550|
||15,191
136|
||15,327|
||23
3,980|
||4,003|
||**2022**
7|
||7|
||**Total**
**£**
80,256
5,820
-|
||86,076|
||24,967
12,222
-|
||37,189|
||48,887|
||55,289|
||**2022**
**£**
3,839
-|
||3,839|
Page 9
**Jalaram Sadavrat Trust Leicester UK Notes to the Accounts for the year ended 31 March 2023**
## **13 Creditors: Amounts Falling Due Within One Year**
|Trade creditors/accruals
Taxation and social security
Other Creditors
**14**
**Movement In Funds**
**Unrestricted Funds**
General fund
**Restricted Funds**
Gauchara fund
**Total Funds**
**Unrestricted Funds**
General fund
**Restricted Funds**
Gauchara fund
**Total Funds**|**At 01.04.22**
124,567
-
124,567
Incoming
resources
£
348,879
220
349,099|**2023**
**£**
9,437
7,187
11,421
28,045
**Net Incoming**
**Resources**
36,635
220
36,855
Resources
expended
£
(312,244)
-
(312,244)|**2022**
**£**
1,000
794
17,885|
|---|---|---|---|
||||19,679|
||||**At 31.03.23**
161,202
220|
||||161,422|
||||Movement in
funds
£
36,635
220|
||||36,855|
## **15 Related Party Disclosures**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Page 10
## **Jalaram Sadavrat Trust Leicester UK Detailed Statement of Financial Activities for the year ended 31 March 2023**
|**Income & Endowments**
**Donations & Legacies**
Tiffin Sales
Donations
Lunch Club
Santosh Lunch
**Investment Income**
Bank deposit interest
**Income From Charitable Activities**
Hall hire & catering
**Other Income**
HMRC Grants
**Expenditure**
**Raising donations and legacies**
Depreciation
Wages and salaries
Staff training costs
Insurance
Light & Heat
Rates and water
Cleaning
Printing, postage & stationery
Telephone
Pensions
Software
Repairs & Renewals
Packaging
Subscriptions
Motor Expenses
Purchases and materials
Rent
Sundry expenses
**Other trading activities**
Publication expenses
**Charitable Activities**
Donations - India
Donations
**Finance & Governance costs**
Bank charges
Accountancy and legal fees|**2023**
**£**
128,340
181,993
21,333
3,965
335,631
278
278
12,970
12,970
-
-
-
12,222
146,393
640
2,432
13,633
-
1,354
1,014
2,419
968
832
6,578
17,507
-
8,240
66,451
6,000
418
287,101
1,734
1,734
4,001
7,064
11,065
2,075
10,269
12,344
**36,635**|**2022**
**£**
141,425
109,821|
|---|---|---|
|||251,246|
|||5|
|||5|
|||1,240|
|||1,240|
|||2,652|
|||2,652|
|||13,821
73,099
-
2,097
4,135
-
3,205
2,477
1,467
442
1,812
8,025
13,274
831
4,582
51,086
6,000
1,078|
|||187,431|
|||2,550|
|||2,550|
|||15,191
136|
|||15,327|
|||23
3,980|
|||4,003|
||||
|||**45,832**|
Page 11