## **MAKE MY TOMORROW CIO**
## **Annual Report & Accounts**
**31 March 2024**
Charity Registration Number: 1197819 Company Number: CE028276
## **MAKE MY TOMORROW CIO 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|
## **MAKE MY TOMORROW CIO 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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## **MAKE MY TOMORROW CIO**
## **Trustees' Annual Report For the year ended 31 March 2024**
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 2024. 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 Charity’s primary objective is to alleviate hardship among the poor and those in need The objectives of the Charity are to promote Hindu religion and culture in the city of Leicester. by providing grants for items, equipment, services, and facilities, which includes the These objects are achieved by providing a place of worship, conducting religious services, provision of food, accommodation, and livelihood programs. Additionally, it aims to advance celebrating religious festivals and providing Educational, Cultural and Social Activities and providing public education through resources for schools and scholarships. understanding of Hindu faith to other faiths. Resources were also employed to promote language,
- literature and music instructions and discussions were also conducted regularly on religious **Key Activities:** principles. Funds were collected through voluntary donations to finance Charity's activities as well • Continued funding to TAFFED in Tanzania, a five-year commitment, to provide as from the hiring of the hall facilities for religious functions and weddings. breakfast porridge to primary school children six days a week and lunch three days a week. In collaboration with TAFFED, we also funded the construction of a dining
- **Public benefit** shelter, kitchen, and storeroom at a school, a project supervised personally by the The Trustees have given due regard to guidance published by the charity commission on public charity’s chair. The facility has significantly improved the quality of life for students benefit to continue its registration with the Charity Commission.and staff, and also serves as a source of income by being rented out for local events. The project was completed in three months, with an opening ceremony held on
- **ACHIEVEMENT AND PERFORMANCE** February 29, 2024, attended by the chair.
- •The Trustees consider that performance of the charity this year has been satisfactory and therefore Designed a charity logo at no cost, although £170 was spent on government IPO the trustees are grateful to the Management Committee and other volunteers who again this year registration. •involved in service provision, charity events and fund raising. It has not been possible to quantify Granted university funding to three students—two in the Philippines and one in Tanzania—ensuring financial support for 4-5 years. Trustees are confident in meeting
- the volunteer hours provided in the year. these commitments.
## **FINANCIAL REVIEW Public benefit Principal funding sources**
The Trustees have given due regard to guidance published by the charity commission on The charity's sources of income arose from the donations from the devotees attending the temple public benefit. for various religious functions and festivals as well as from the hiring of the community centre and
## temple facilities. **ACHIEVEMENT AND PERFORMANCE**
Registered in February 2022, the Charity experienced a modest start, but activities have **Investment policy** significantly ramped up over the past year. A major focus was securing the remaining The Trustees have put surplus money on Interest bearing deposit accounts, which they intend to portion of a substantial legacy from a benefactor who passed away in August 2021. This continue in the foreseeable future.goal was successfully met, resulting in a £585,000 cash inflow during the accounting period. Solicitors were also appointed to register interest in two-thirds of a property partially owned by the benefactor and bequeathed to the charity. **Reserves policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the
The Trustees consider the charity's performance reflective of their collective experiences, charity at a level which is required to meet its objectives of approximately six months unrestricted requests for assistance, and personal circumstances. The charity anticipates increased expenditure. This provides sufficient funds to cover management and administrative costs for the activities and fundraising for projects akin to those at Shule ya Mkamba in the coming charity. The Board reviews this periodically. years.
## The Statement of Financial Activities shows net income for the year of £13,880 and restricted and **FINANCIAL REVIEW** unrestricted reserve stand at £1,157,741 in total.
## **Principal funding sources**
In 2023/24, the charity's income primarily derived from a large legacy from a philanthropic individual.
## **Investment policyFUTURE PLANS**
In response to the substantial cash injection, trustees decided to invest £600,000 in a 12-The charity plans continuing its charitable activities in the ensuing years subject to obtaining month interest-bearing account with Lloyds in July 2023. satisfactory funding arrangements.
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## **MAKE MY TOMORROW CIO**
## **Trustees' Annual Report**
## **For the year ended 31 March 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document Reserves policy**
The charity is controlled by its governing document, a deed of trust, and constitutes an The charity’s policy is to maintain unrestricted funds at a level of £50,000 to be sufficient to unincorporated charity.meet its objectives, approximately equivalent to twelve months of unrestricted expenditure. This ensures adequate funds for management, administrative costs and The legal ownership of the charity's moveable and immovable property vests with the Trustees and providing grants. This policy is reviewed annually by the trustees.
they are responsible for the management of day-to-day matters.
## **The Statement of Financial Activities shows net profit for the year of £551,538 and restricted and unrestricted reserve stand at £649,111 in total.Recruitment and appointment of Management Board**
The Trusses are elected every three years and due consideration is given as to their suitability
**FUTURE PLANS** before being elected. They are familiar with the practical work of the charity and of its objectives. Looking ahead, the Charity plans to expand its activities and increase its impact by Appropriate training is provided as required for their roles as trustees. launching new initiatives and forging partnerships with other organisations. The trustees are committed to fundraising efforts to support these plans and ensure the sustainability of **Organisational structure** the Charity’s programs.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. **STRUCTURE, GOVERNANCE AND MANAGEMENT**
**STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Risk management** The charity is governed by the Constitution of MAKE MY TOMORROW CIO. 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 fraud and error. The legal ownership of the charity's moveable and immovable property vests with the CIO. 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 **Recruitment and appointment of Management Board** monitored. Procedures are also in place to monitor the Health and Safety of all of the Charity's staff
**Trustees:** members and visitors to the temple and the Community Centre. Wherever possible the risks are insured with a reputable insurance company. The charity is open to the usual financial risks of any The Trustees are elected every three years and due consideration is given as to their organisation and the charity has introduced controls to minimise these risks such as two signatures suitability before being elected. They are familiar with the practical work of the charity and of its objectives. Appropriate training is provided as required for their roles as trustees.being required for payments from the bank accounts. The treasurer provides monthly financial
statements which are explained to the trustees. The Board of Trustees consists of 3 Trustees compromising of Hussein Pirbhai (chair), Glynis Jones and Juzer Pirbhai as nominated trustees, who meet regularly and are **REFERENCE AND ADMINISTRATIVE DETAILS** responsible for the strategic direction and policy of CIO. **Registered Charity number**
514947 **Management Committee:** The Management Committee is the same as that of the 3 Trustees. **Principal address**
## SMT Nitiben Maheshbhai Gheewala Centre **Risk management:** Hilyard Road
Ross WalkThe trustees have a duty to identify and review the risks to which the charity is exposed Leicesterand to ensure appropriate controls are in place to provide reasonable assurance against LE4 5GGfraud and error. The Trustees are aware of the risks to funding and review the situation regularly. Appropriate plans to deal with this are in place and are continually monitored.
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## **MAKE MY TOMORROW CIO**
## **Trustees' Annual Report For the year ended 31 March 2024**
**Trustees** As the charity deals directly with established registered charity in other countries or make a payment to an education establishment directly on behalf of a student, no need for Mr Himat Tanna - Resigned on insurance arises. The charity is open to usual financial risks of any organisation so the Mr Prakash Bhojani charity has minimised risks by conducting the activities in this manner. However, the charity Mr Maheshbhai Gheewala have controls in place to minimise fraud risks such as two signatures required for payments Mrs Nitiben Gheewala from the bank account. The chair will provide six-monthly financial statement which are Mr Pravin Vasani explained to and approved by the trustees. Mr Natubhai Bhayani
Mr Bhadresh Ghelani **REFERENCE AND ADMINISTRATIVE DETAILS** Mr Kantibhai Majithia
**Registered Charity number:** 1197819
**Executive Committee Company number:** Mr Ashok Kotecha - PresidentCE028276 Mr Chetanbhai Amlani - Vice President **Principal address** Mr Harishbhai Karia - TreasurerMake My Tomorrow 12 High Leys Drive **Independent examiner** Oadby LeicesterMr A D Kanani, FCCA LE2 5TLBurleys Leicester Limited Chartered Certified Accountants **Trustees** 9 Gower Street Mr Hussein Yusufali Pirbhai - ChairmanLeicester Mr Juzer PirbhaiLE1 3LJ Mrs Glynis Evelyn Jones
Approved by order of the board of trustees on 13 May 2018 and signed on its behalf by: **The Charity Administrators** Mr Hussein Pirbhai - Chairman & Treasurer
**Independent examiner** Mr A D Kanani, FCCA Burleys Leicester Limited Bhanubhai Chandarana - TrusteeChartered Certified Accountants 9 Gower Street Leicester LE1 3LJ
Approved by order of the board of trustees on 27 December 2024 and signed on its behalf by:
Mr Hussein Pirbhai - Trustee
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## **MAKE MY TOMORROW CIO**
## **Independent examiner's report to the Trustees on the accounts of Make My Tomorrow CIO for the year ended 31 March 2024**
I report on the financial statements of Make My Tomorrow CIO for the year ended 31st March 2024 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
27 December 2024
5
## **MAKE MY TOMORROW CIO 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
585,012
**Total incoming resources**
585,012
**Expenditure**
_Resources expended from direct charitable expenditure :_
Charitable Activities Costs
3
31,713
Other Expenses
4
1,761
**Total resources expended**
33,474
**Net incoming resources**
551,538
Total funds brought forward
-
**Total funds carried forward**
551,538|**Restricted**
**funds**
**2024**
**£**
-
-
-
-
-
-
-
-|**Total**
**Total**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
585,012
105,000
585,012
105,000
31,713
4,597
1,761
2,830
33,474
7,427
551,538
97,573
97,573
-
649,111
97,573|
|---|---|---|
## **Continuing operations**
All income and expenditure has arisen from continuing activities
6
## **MAKE MY TOMORROW CIO Statement of Financial Position as at 31 March 2024**
|**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**
**2024**
**£**
649,831
649,831
720
720
649,111
649,111|**Restricted**
**funds**
**2024**
**£**
-
-
-
-
-|**Total**
**funds**
**2024**
**£**
649,831|
|---|---|---|---|
||||649,831|
||||720|
||||720|
||||649,111|
||||649,111|
||||649,111
-|
||||649,111|
The financial statements on pages 6 to 9 were approved by the trustees on 27 December 2024 and signed on their behalf by:
Mr Hussein Yusufali Pirbhai Trustee
7
**MAKE MY TOMORROW CIO 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) (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|**2024**
**£**
585,012
-
585,012|**2023**
**£**
105,000
-|
|---|---|---|
|||105,000|
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## **MAKE MY TOMORROW CIO Notes to the Accounts for the year ended 31 March 2024**
|**3**
**Charitable Activities Costs**
Courier charges for books sent to Tanzania
Donations for Education
Donations
**4**
**Other Expenses**
Bank charges
Legal & Professional Fees
Accountancy fees|-
2,418
29,295
31,713
175
866
720
1,761|305
-
4,292|
|---|---|---|
|||4,597|
|||70
1,950
810|
|||2,830|
## **5 Average Number of Employees**
The average monthly number of employees during the year was as follows:
|Other
**6**
**Creditors: Amounts Falling Due Within One Year**
Trade creditors/accruals
**7**
**Movement In Funds**
**At 01.04.23**
**Unrestricted Funds**
General fund
97,573
**Restricted Funds**
-
**Total Funds**
97,573|**2024**
-
-
**2024**
**£**
720
720
**Net Incoming**
**Resources**
551,538
-
551,538|**2023**
**£**
810|
|---|---|---|
|||810|
|||**At 31.03.24**
649,111
-|
|||649,111|
## **8 Related Party Disclosures**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024.
There were no trustees' expenses paid for the year ended 31 March 2024.
9