2024-03-31-accounts - The Sarojben Patel Memorial Trust

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Trustees' Annual Report for the period

Period start date Period end date 01 APRIL 2023 31 MARCH 2024 From To

Section A Reference and administration details

Charity name THE SAROJBEN PATEL MEMORIAL TRUST

Other names charity is known by

Registered charity number (if any)

1199770

Charity's principal address 25 HEYBRIDGE ROAD, LEICESTER

Postcode LE5 0AP

Names of the charity trustees who manage the charity

1 2 3 4	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Meena Dhobi	Trustee
	Rahoul Naik	Trustee
	Atulkumar Patel	Trustee

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name	Dates acted if not for whole year
NONE

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
NONE

Name of chief executive or names of senior staff members (Optional information)

NONE – VOLUNTEERS ONLY

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document CONSTITUTION (eg. trust deed, constitution)

How the charity is constituted (eg. trust, association, company) CHARITABLE INCORPORATED ORGANISATION (CIO)

Trustee selection methods

(eg. appointed by, elected by) Appointed By Governing Body

CC Reg# 1170299

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Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;

All Trustees give their time voluntarily and can receive reasonable expenses incurred in the course of their duties but do not receive any remuneration.

Volunteers will be recruited as the need arises. Volunteers can receive reasonable expenses incurred in the course of their duties and may receive token honoraria for services rendered. Declarations of Interests are made by Trustees and Volunteers, as applicable, and maintained in a register.

trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The prevention or relief of poverty or financial hardship anywhere in the world by providing or assisting in the provision of education, Summary of the objects of the training, healthcare projects and all the necessary support charity set out in its designed to enable individuals to generate a sustainable income governing document and be self-sufficient; and any other charitable purposes falling within charity law. SPMT was registered by the Charity Commission on 25 July 2022. Our intention is to make grants or donations to organisations; and Summary of the main to individuals in need. Organisations funded would exclusively be activities undertaken for the charitable, or not-for-profit. The Trustees have due regard to the public benefit in relation to Commission's guidance, and to the need to be open and fair in these objects (include within this section the statutory terms of equality, diversity and inclusion. declaration that trustees have had regard to the guidance Trustees have due regard to the commission’s public benefit issued by the Charity guidance when exercising any powers or duties to which the Commission on public guidance is relevant. benefit)

Section D Achievements and performance

In our early years our main work has been to raise donations income, Summary of the main and to ensure we have appropriate operational policies in place. This achievements of the charity year we gave two grants of less than £500 to a heritage project and to a during the year Food Bank. We have been promised a substantial donation that will be given in 2024-25.

CC Reg# 1170299

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Section E Financial review

Brief statement of the charity’s policy on reserves

At the end of the year, SPMT has £7.619 in unrestricted reserves . Reserves are presently maintained as a risk-buffer and for cash-flow management. Our aim is to grow that to up to £10k for these purposes. Beyond that, we wish to grow our total funds to £50k and, from the interest earned, to be in a position to give grants.

Details of any funds materially in deficit

Not applicable.

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Income is sourced from donations from companies and individuals. Some donations qualify for Gift Aid. SPMT is registered with the HMRC for this purpose. Trustees have due regard to the Commission guidance on accepting donations. We do not receive any other grants or public funding.

We aim to maintain high standards of financial prudence and ethics. The Treasurer has some financial qualifications and experience. Other Trustees have more general business experience. Our turnover is below the threshold for external Examination or Audit.

Section F Other optional information

Signature Full name Atulkumar Patel, MBE Position Trustee Date 29 August 2024

CC Reg# 1170299

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	THE SAROJBEN PATEL MEMORIAL TRUST Charity Name	THE SAROJBEN PATEL MEMORIAL TRUST Charity Name	THE SAROJBEN PATEL MEMORIAL TRUST Charity Name	1199770 No (if any)	CC16a
	For the period from	01 April 2023 Period start date	To	31 March 2024 Period end date

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
DONATIONS	7,068	-	-	7,068	24,326
		-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
		-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	7,068	-	-	7,068	24,326

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					24,326

GRANTS	608	-	-	608	500
DONATIONS	-	-	-	-	23,489
BANK CHARGES	-	-	-	-	45
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
**Sub total **	608	-	-	608	24,034

A4 Asset and investment purchases, (see table)
BALANCE B/F UNREGISTERED CHARITY	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					24,034

	6,460				292
	-				-
	1,159				-
	7,619				1,159

Section B Statement of assets and liabilities at the end of the period

Unrestricted funds to nearest £ 7,619 - - 7,619	Restricted funds to nearest £ - - - -	Endowment funds to nearest £
7,619	-	-
-	-	-
-	-	-
7,619	-	-

CC Reg# 1170299

26/08/2024

Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use	Details Details (agree balances with receipts and payments account(s)) Details Details Signature	OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name *ATULKUMAR PATEL*	OK
			Endowment funds to nearest £
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			-
			-
			-
			-
			Current value (optional)
			-
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			-
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			Current value (optional)
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			When due (optional)






			Date of approval
		*ATULKUMAR PATEL*	*29-Aug-24*

CC Reg# 1170299

29/08/2024