## **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 Page 1 of 3 ## **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 Page 2 of 3 ## **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 Page 3 of 3 ||**THE SAROJBEN PATEL MEMORIAL TRUST**
**Charity Name**|**THE SAROJBEN PATEL MEMORIAL TRUST**
**Charity Name**|**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)**|**1199770**
**No (if any)**|**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** |**Categories**
**B1 Cash funds**|BANK ACCOUNT
**Details**
**_Total cash funds_**|**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 1 |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 £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of approval| |||**_ATULKUMAR PATEL_**|**_29-Aug-24_**| ||||| CC Reg# 1170299 29/08/2024 2