REGISTERED CHARITY NUMBER: 1193110
Report of the Trustees and Financial Statements for the Year Ended 31 March 2024
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 2024
The trustees present their annual report and the financial statements for the year ended 31 March 2024. 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:
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To provide nourishing meals at affordable prices or free in cases where an individual is not in a position to pay.
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To deliver fresh meals to vulnerable people in the local community who are housebound or have mobility issues.
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To provide a warm, welcoming, clean and safe environment at the centre for people to socialise and avoid isolation.
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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:
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Organising religious, health & wellbeing and social programmes
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Organising and running of the food delivery service and at the centre
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Organising events for the community at affordable prices so they can socialise and avoid social isolation by making new friends.
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Providing free use of the space in the hall for bereavement in December, January & February.
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 charity now offers lunch for £3.50 every Thursday.
Also, on Thursday's the charity provides 50 meals for free to the local homeless shelter called Centre Point.
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 £1,602 to UK Charities and £23,351 to Santosh Seva Trust in India.
FINANCIAL REVIEW
Principal funding sources
The charity's sources of income arose from the following:
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running lunch clubs for the elderly
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running regular tiffin deliveries for elderly and vulnerable
-
running tiffin collections from the centre
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voluntary and small donations.
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Hall hire and catering for after funeral catering services 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.
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 trustee Mrs Vaibhavi Adhvaryu who manages the finances and produces monthly reports for detailed analysis and reviews on expenditure.
FUTURE PLANS
We are continuously seeking for opportunities to work with charities based in Africa, Uganda and Kenya. In the meantime, the charity will also continue to the Gau Mataa Cows Sanctuary in India where they feed the poverty-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 Charity'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. We have found searching for trustees to be challenging due to the commitment the role requires. However, we are pleased to report the charity has in total, three trustees, implementing key ideas and decisions to maintain and improve the charity's cause everyday.
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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 Mrs Vaibhavi Adhvaryu Mrs Ranjan Kanabar
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 14 th January 2025 and signed on its behalf by:
Mr Praful Bhatt - Trustee
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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 2024
I report to the charity trustees on my examination of the accounts of the Jalaram Sadavrat Trust Leicester UK for the year ended 31 March 2024 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:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
14 January 2025
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Jalaram Sadavrat Trust Leicester UK Statement of Financial Activities for the year ended 31 March 2024
| Unrestricted funds Notes 2024 £ Income & Endowments From Incoming resources from generated funds: Donations & Legacies 2 339,260 Investment Income 3 1,850 Income From Charitable Activities 4 62,855 Gauchara Fund - Total incoming resources 403,965 Expenditure Resources expended from direct charitable expenditure : Raising donations and legacies 6 353,220 Other trading activities 7 1,755 Charitable Activities 8 24,953 Finance & Governance costs 9 4,082 Total resources expended 384,010 Net incoming resources 19,955 Total funds brought forward 161,202 Total funds carried forward 181,157 |
Restricted funds 2024 £ - - - - - - - - - - 220 220 |
Total Total funds funds 2024 2023 £ £ 339,260 335,631 1,850 278 62,855 12,970 - 220 403,965 349,099 353,220 287,101 1,755 1,734 24,953 11,065 4,082 12,344 384,010 312,244 19,955 36,855 161,422 124,567 181,377 161,422 |
|---|---|---|
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 2024
| 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 2024 £ 47,967 47,967 6,715 131,678 138,393 (5,203) (5,203) 133,190 181,157 181,157 |
Restricted funds 2024 £ - - 220 220 - 220 220 220 |
Total funds 2024 £ 47,967 47,967 6,715 131,898 138,613 (5,203) (5,203) 133,410 181,377 181,377 181,157 220 181,377 |
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 |
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
The accounts have been prepared in accordance with the micro-entity provisions.
The financial statements were approved by the trustees on 14th January 2025 and signed on their behalf by:
Mr Praful Bhatt - Chair of Trustees
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Jalaram Sadavrat Trust Leicester UK Notes to the Accounts for the year ended 31 March 2024
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 Motor Vehicles 25% 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.
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Jalaram Sadavrat Trust Leicester UK Notes to the Accounts for the year ended 31 March 2024
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 Gift Aid Lunch Club Santosh Lunch 3 Investment Income Bank deposit interest 4 Income From Charitable Activities Income from events 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 Motor Expenses Purchases and materials Rent Bad debts Sundry expenses |
2024 £ 169,122 153,012 - 7,239 9,887 339,260 1,850 1,850 8,391 54,464 62,855 - - 12,314 177,989 1,806 8,954 7,851 - 1,714 1,662 1,939 2,487 8,070 5,234 16,836 12,540 81,634 6,000 5,210 980 353,220 |
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 |
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Jalaram Sadavrat Trust Leicester UK Notes to the Accounts for the year ended 31 March 2024
| 7 Other trading activities Publication expenses 1,755 1,755 8 Charitable Activities Charitable donations - India 23,351 Donations 1,602 24,953 9 Finance & Governance costs Bank charges 2,602 Accountancy and legal fees 1,480 4,082 10 Average Number of Employees The average monthly number of employees during the year was as follows: 2024 Employees 12 12 11 Tangible Fixed Assets Motor Leasehold Fixtures, fittings Vehicles property and equipment £ £ £ Cost At 1 April 2023 - 38,043 48,033 Additions 5,151 - 6,243 Disposals - - - At 31 March 2024 5,151 38,043 54,276 Depreciation At 1 April 2023 - 17,675 19,514 Charge for the year 1,288 4,074 6,952 On disposals - - - At 31 March 2024 1,288 21,749 26,466 Net book value At 31 March 2024 3,863 16,294 27,810 At 31 March 2023 - 20,368 28,519 |
1,734 |
|---|---|
| 1,734 | |
| 4,001 7,064 |
|
| 11,065 | |
| 2,075 10,269 |
|
| 12,344 | |
| 2023 10 |
|
| 10 | |
| Total £ 86,076 11,394 - |
|
| 97,470 | |
| 37,189 12,314 - |
|
| 49,503 | |
| 47,967 | |
| 48,887 |
12 Debtors: Amounts Falling Due Within One Year
| Trade Debtors Other Debtors |
2024 2023 £ £ - 6,386 6,715 34,911 6,715 41,297 |
|---|---|
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Jalaram Sadavrat Trust Leicester UK Notes to the Accounts
for the year ended 31 March 2024
| 13 Creditors: Amounts Falling Due Within One Year Trade creditors/accruals Taxation and social security Other Creditors 14 Movement In Funds At 01.04.23 Unrestricted Funds General fund 161,202 Restricted Funds Gauchara fund 220 Total Funds 161,422 Incoming resources £ Unrestricted Funds General fund 403,965 Restricted Funds Gauchara fund - Total Funds 403,965 |
2024 £ 371 4,326 506 5,203 Net Incoming Resources 19,955 - 19,955 Resources expended £ (384,010) - (384,010) |
2023 £ 9,437 7,187 11,421 |
|---|---|---|
| 28,045 | ||
| At 31.03.24 181,157 220 |
||
| 181,377 | ||
| Movement in funds £ 19,955 - |
||
| 19,955 |
15 Related Party Disclosures
During the year trustees were paid remuneration of £44,909.
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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Jalaram Sadavrat Trust Leicester UK Detailed Statement of Financial Activities for the year ended 31 March 2024
| Income & Endowments Donations & Legacies Tiffin Sales Donations Gift Aid Lunch Club Santosh Lunch Investment Income Bank deposit interest Income From Charitable Activities Income from events 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 Motor Expenses Purchases and materials Rent Sundry expenses Bad debts Other trading activities Publication expenses Charitable Activities Donations - India Donations Finance & Governance costs Bank charges Accountancy and legal fees |
2024 £ 169,122 153,012 - 7,239 9,887 339,260 1,850 8,391 54,464 62,855 - - 12,314 177,989 1,806 8,954 7,851 - 1,714 1,662 1,939 2,487 8,070 5,234 16,836 12,540 81,634 6,000 980 5,210 353,220 1,755 1,755 23,351 1,602 24,953 2,602 1,480 4,082 19,955 |
2023 £ 128,340 181,993 21,333 3,965 |
|---|---|---|
| 335,631 | ||
| 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 |
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