**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:
- 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.
- 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:
- 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 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.
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 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
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 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:
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
14 January 2025
Page 4
## **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
Page 6
**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.
Page 7
## **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|
Page 8
## **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|
|---|---|
Page 9
## **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.
Page 10
## **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**|
Page 11