DocuSign Envelope ID: 26E99932-036E-4848-AF98-D1FD6F3BA950
MAKE MY TOMORROW
Annual Report & Accounts
31 March 2023
Charity Registration Number: 1197819
Company Number: CE028276
DocuSign Envelope ID: 26E99932-036E-4848-AF98-D1FD6F3BA950
MAKE MY TOMORROW Contents
| Page | |
|---|---|
| Charity information | 1 |
| Report of the Trustees | 2 to 4 |
| Independent examiner's report | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 to 9 |
DocuSign Envelope ID: 26E99932-036E-4848-AF98-D1FD6F3BA950
MAKE MY TOMORROW Charity Information
Charity number 1197819
Company Number CE028276
Board of Trustees
Mr Hussein Yusufali Pirbhai Mr Juzer Pirbhai Mrs Glynis Evelyn Jones
The Charity Administrators
Mr Hussein Yusufali Pirbhai - Chairman
Bankers
Lloyds Bank Leicester
Independent Examiner
Mr Amit Kanani Burleys Leicester Limited Chartered Certified Accountants 9 Gower Street Leicester LE1 3LJ
Administrative Offices
12 High Leys Drive Oadby Leicester LE2 5TL
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Trustees' Annual Report For the year ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year The trustees present their report with the financial statements of the charity for the year ended 31 ended 31 March 2023. The trustees have adopted the provisions of Accounting and December 2018. The trustees have adopted the provisions of Accounting and Reporting by Reporting by Charities: Statement of Recommended Practice applicable to charities Charities: Statement of Recommended Practice applicable to charities preparing their accounts in preparing their accounts in accordance with the Financial Reporting Standard applicable in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
OBJECTIVES AND ACTIVITIES
Objectives and aims Objectives and aims
The objectives of the Charity are to relieve hardships among poor people and other people The objectives of the Charity are to promote Hindu religion and culture in the city of Leicester. in need by means of, but not exclusively, making grants for providing or paying for items, These objects are achieved by providing a place of worship, conducting religious services, equipment, services or facilities, including the provision of food, accommodation and celebrating religious festivals and providing Educational, Cultural and Social Activities and providing livelihood programmes for the benefit of the said persons. To advance education for the understanding of Hindu faith to other faiths. Resources were also employed to promote language, benefit of the general public, by means of but not exclusively, the provision or assistance of literature and music instructions and discussions were also conducted regularly on religious educational activities and facilities, such as resource for schools and provision of principles. Funds were collected through voluntary donations to finance Charity's activities as well scholarships for public benefit.
as from the hiring of the hall facilities for religious functions and weddings.
Public benefit
Public benefit The Trustees have given due regard to guidance published by the charity commission on The Trustees have given due regard to guidance published by the charity commission on public public benefit.
benefit to continue its registration with the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
ACHIEVEMENT AND PERFORMANCE The charity was registered in February 2022, and therefore the first year (to 31st March 2023) was spent in obtaining donations and setting up the various elements such as The Trustees consider that performance of the charity this year has been satisfactory and therefore opening a bank account (which proved to be very difficult as many banks did not wish to the trustees are grateful to the Management Committee and other volunteers who again this year entertain new charity accounts due to post Covid lockdown backlog; or did not wish to involved in service provision, charity events and fund raising. It has not been possible to quantify entertain new business at that time). Funds were collected through voluntary donations the volunteer hours provided in the year. then later through part of a large legacy from the estate of a deceased supporter. Further funds are expected in the next accounting period. FINANCIAL REVIEW
Principal funding sources
Therefore, activities were limited to 3 cases in the first year of operation. The main one The charity's sources of income arose from the donations from the devotees attending the temple being a commitment made over 5 years partnering a charity in Tanzania called TAFFED, for various religious functions and festivals as well as from the hiring of the community centre and whom the chair has interviewed its chair in person and carried out due diligence, for joint temple facilities. projects in the coming years. The chair has also visited one of the three sites of TAFFED's operation.
Investment policy
The Trustees have put surplus money on Interest bearing deposit accounts, which they intend to The Trustees consider that performance of the charity this year has been minimal for continue in the foreseeable future.reasons given above
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the
Principal funding sources
charity at a level which is required to meet its objectives of approximately six months unrestricted The charity's sources of income arose from only two sources including part of a large expenditure. This provides sufficient funds to cover management and administrative costs for the legacy from a philanthropic individual. As the estate was not completely wound up by the charity. The Board reviews this periodically.year end, only part of the legacy was released by the executor.
The Statement of Financial Activities shows net income for the year of £13,880 and restricted and Investment policy When the balance of the monies from the estate of the donor mentioned above is realised unrestricted reserve stand at £1,157,741 in total. in 2023, the trustees will begin to discuss placing surplus money on interest bearing deposit accounts.
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Trustees' Annual Report For the year ended 31 March 2023 p
Reserves policyFUTURE PLANS
FUTURE PLANS
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of The charity plans continuing its charitable activities in the ensuing years subject to obtaining the charity at a level which is required to meet its objectives of approximately twelve satisfactory funding arrangements. months unrestricted expenditure. This provides sufficient funds to cover management and administrative costs for the charity. The trustees will review this annually. STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an The Statement of Financial Activities shows net profit for the year of £97,573 and unincorporated charity. restricted and unrestricted reserve stand at £97,573 in total.
The legal ownership of the charity's moveable and immovable property vests with the Trustees and
they are responsible for the management of day-to-day matters. FUTURE PLANS
The charity plans continuing its charitable activities in the ensuing years.
Recruitment and appointment of Management Board
The Trusses are elected every three years and due consideration is given as to their suitability STRUCTURE, GOVERNANCE AND MANAGEMENT
before being elected. They are familiar with the practical work of the charity and of its objectives.
Governing document Appropriate training is provided as required for their roles as trustees.
The charity is governed by the Constitution of MAKE MY TOMORROW CIO.
Organisational structure
The legal ownership of the charity's moveable and immovable property vests with the CIO.The Leicester Mahajan Trust has a trust board comprising of 7 elected and 2 nominated members,
who meet regularly and are responsible for the strategic direction and policy of the trust.
Recruitment and appointment of Management Board
STRUCTURE, GOVERNANCE AND MANAGEMENT Trustees: Risk management The Trustees are elected every three years and due consideration is given as to their The trustees have a duty to identify and review the risks to which the charity is exposed and to suitability before being elected. They are familiar with the practical work of the charity and ensure appropriate controls are in place to provide reasonable assurance against fraud and error. of its objectives. Appropriate training is provided as required for their roles as trustees. The Trustees are aware of the risks to funding and review the situation at every
Trustees/committee meeting. Appropriate plans to deal with this are in place and are continually The Board of Trustees consists of 3 Trustees compromising of Hussein Pirbhai (chair), monitored. Procedures are also in place to monitor the Health and Safety of all of the Charity's staff Glynis Jones and Juzer Pirbhai as nominated trustees, who meet regularly and are members and visitors to the temple and the Community Centre. Wherever possible the risks are responsible for the strategic direction and policy of CIO.
insured with a reputable insurance company. The charity is open to the usual financial risks of any
organisation and the charity has introduced controls to minimise these risks such as two signatures Management Committee: The Management Committee is the same as that of the 3 Trustees. Due to the lack of being required for payments from the bank accounts. The treasurer provides monthly financial activity in the first year, the chair is appointed to carry out all tasks as he is now retired and statements which are explained to the trustees. is happy to do so.
REFERENCE AND ADMINISTRATIVE DETAILS Risk management: Registered Charity number
514947 The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against Principal address fraud and error. The Trustees are aware of the risks to funding and review the situation SMT Nitiben Maheshbhai Gheewala Centre regularly. Appropriate plans to deal with this are in place and are continually monitored. Hilyard Road
Ross Walk As the charity deals directly with established registered charity in other countries or make a Leicesterpayment to an education establishment directly on behalf of a student, no need for LE4 5GGinsurance arises. The charity is open to usual financial risks of any organisation so the charity has minimised risks by conducting the activities in this manner. However, the charity have controls in place to minimise fraud risks such as two signatures required for payments from the bank account. The chair will provide six-monthly financial statement which are explained to and approved by the trustees.
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Trustees' Annual Report For the year ended 31 March 2023 explained to and approved by the trustees.
Trustees
REFERENCE AND ADMINISTRATIVE DETAILS Mr Himat Tanna - Resigned on
Mr Prakash Bhojani Registered Charity number: 1197819 Mr Maheshbhai Gheewala Mrs Nitiben Gheewala Company number: CE028276 Mr Pravin Vasani Principal address Mr Natubhai Bhayani Make My TomorrowMr Bhadresh Ghelani 12 High Leys Drive Mr Kantibhai Majithia Oadby Leicester Executive Committee LE2 5TL Mr Ashok Kotecha - President
Mr Chetanbhai Amlani - Vice President
Mr Harishbhai Karia - Treasurer Trustees Mr Hussein Yusufali Pirbhai - Chairman Mr Juzer Pirbhai Independent examiner Mr A D Kanani, FCCAMrs Glynis Evelyn Jones Burleys Leicester Limited Chartered Certified Accountants The Charity Administrators Mr Hussein Pirbhai - Chairman & Treasurer9 Gower Street Leicester Independent examiner LE1 3LJ Mr A D Kanani, FCCA Burleys Leicester Limited Approved by order of the board of trustees on 13 May 2018 and signed on its behalf by: Chartered Certified Accountants 9 Gower Street Leicester LE1 3LJ
Approved by order of the board of trustees on 29 September 2023 and signed on its behalf by:
Mr Hussein Pirbhai - Trustee
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DocuSign Envelope ID: 26E99932-036E-4848-AF98-D1FD6F3BA950
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Independent examiner's report to the Trustees on the accounts of Make My Tomorrow CIO for the year ended 31 March 2023
I report on the financial statements of Make My Tomorrow CIO for the year ended 31st March 2023 which are set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
As described on pages 2 to 4, the Charity's trustees are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the Act'). The trustees are satisfied that the audit requirement of Section 144(2) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
It is my responsibility to:-
a) examine the accounts under section 145 of the 2011 Act;
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
Basis of opinion and scope of work undertaken
My examination was carried out in accordance with 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations 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 accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement, report and opinion
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
2) to which, in my opinion, attention should be drawn 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
29 September 2023
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MAKE MY TOMORROW 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 2 105,000 Total incoming resources 105,000 Expenditure Resources expended from direct charitable expenditure : Charitable Activities Costs 3 4,597 Other Expenses 4 2,830 Total resources expended 7,427 Net incoming resources 97,573 Total funds brought forward - Total funds carried forward 97,573 |
Restricted funds 2023 £ - - - - - - - - |
Total funds 2023 £ 105,000 |
|---|---|---|
| 105,000 | ||
| 4,597 2,830 |
||
| 7,427 | ||
| 97,573 - |
||
| 97,573 |
Continuing operations
All income and expenditure has arisen from continuing activities
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DocuSign Envelope ID: 26E99932-036E-4848-AF98-D1FD6F3BA950
MAKE MY TOMORROW Statement of Financial Position as at 31 March 2023
| MAKE MY TOMORROW Statement of Financial Position as at 31 March 2023 |
|||
|---|---|---|---|
| Notes Current assets Cash at bank and in hand Current liabilities Amounts falling due within one year 6 Total assets less current liabilities Net assets Funds 7 Unrestricted funds Restricted funds Unrestricted funds |
Unrestricted funds 2023 £ 98,383 98,383 810 810 97,573 97,573 |
Restricted funds 2023 £ - - - - - |
Total funds 2,022 £ 98,383 |
| 98,383 | |||
| 810 | |||
| 810 | |||
| 97,573 | |||
| 97,573 | |||
| 97,573 - |
|||
| 97,573 |
The financial statements on pages 6 to 12 were approved by the trustees on 29 September 2023 and signed on their behalf by:
Mr Hussein Yusufali Pirbhai Trustee
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DocuSign Envelope ID: 26E99932-036E-4848-AF98-D1FD6F3BA950
MAKE MY TOMORROW 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) (effective 1 January 2015)', 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
Analysis of Charitable Income and expenditure
| 2 Donations & Legacies Donations Gift Aid |
2023 £ 105,000 - |
|---|---|
| 105,000 |
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DocuSign Envelope ID: 26E99932-036E-4848-AF98-D1FD6F3BA950
MAKE MY TOMORROW Notes to the Accounts for the year ended 31 March 2023
| 3 | Charitable Activities Costs | |||
|---|---|---|---|---|
| Courier charges for books sent to Tanzania | 305 | |||
| Donations | 4,292 | |||
| 4,597 | ||||
| 4 | Other Expenses | |||
| Bank charges | 70 | |||
| Legal & Professional Fees | 1,950 | |||
| Accountancy fees | 810 | |||
| 2,830 | ||||
| 5 | Average Number of Employees | |||
| The average monthly number of employees | during the year | was as follows: | ||
| 2023 | ||||
| Other | - | |||
| - | ||||
| 6 | Creditors: Amounts Falling Due Within One Year | |||
| 2023 | ||||
| £ | ||||
| Trade creditors/accruals | 810 | |||
| 810 | ||||
| 7 | Movement In Funds | |||
| Net Incoming | ||||
| At 01.04.22 | Resources | At 31.03.23 | ||
| Unrestricted Funds | ||||
| General fund | - | 97,573 | 97,573 | |
| Restricted Funds | - | - | - | |
| Total Funds | - | 97,573 | 97,573 |
8 Related Party Disclosures
There were no trustees' remuneration or other benefits for the year ended 31 March 2023.
There were no trustees' expenses paid for the year ended 31 March 2023.
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