Charity registration number 1202197 (England and Wales)
MAKE A CHANGE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MAKE A CHANGE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Mr Kiran Devraj Patel | |
|---|---|---|
| Mr Rajesh Hirji Halai | ||
| Mr Dipesh Kanji Kerai | ||
| Mr Ramji Kurji Dubasiya | ||
| Mr Sachin Naran Patel | ||
| Mr Mahesh Lalji Patel | ||
| Mr Ratilal Karsan Bhudia | ||
| Mr Dinesh Dhanji Vekaria | ||
| Mr Bharat Manji Siyani | (Appointed 24 April 2025) | |
| Management Committee | Kiran Devraj Patel | President |
| Mahesh Halai | Secretary | |
| Govind Kerai | Treasurer | |
| Charity number (England and Wales) | 1202197 | |
| Principal address | 111 Elmsleigh Avenue | |
| Harrow | ||
| Middlesex | ||
| England | ||
| HA3 8HY | ||
| Independent examiner | FinSol Tax Advisors Limited | |
| Unit 9 Churchill Court | ||
| 58 Station Road | ||
| North Harrow | ||
| England | ||
| HA2 7SA | ||
| Bankers | Metro Bank PLC | |
| One Southampton Row | ||
| London | ||
| WC1B 5HA |
MAKE A CHANGE FOUNDATION
CONTENTS
| Page | |
|---|---|
| report | 1 - 3 |
| Statement of responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Statement of cash flows | 8 |
| Notes to the financial statements | 9 - 14 |
MAKE A CHANGE FOUNDATION
REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The principal objective of Make A Change Foundation is:
For the public benefit, the prevention or relief of poverty in India and Kenya by the provision of food, clothing, and other essential items and services required to meet the basic standard of living.
Achievements and performance
Significant activities and achievements against objectives
During the year, Make A Change Foundation achieved further key milestones, including the successful completion of the following initiative:
India Bike Ride 2025
This major fundraising initiative was launched during the year, with the actual event held in India in March 2025. The event saw over 65 participants cycling more than 350 kilometers over a 3-day period. As of 31 December 2024, the event had raised £65,009, with additional donations received in the lead-up to the event.
All receipts from this initiative are restricted funds, as agreed, and are designated for donation to two specific UKregistered charities. These charities were carefully selected by the Make A Change Foundation Management Committee to deliver approved medical aid through dedicated camps:
- Healing Little Hearts – A UK charity providing life-saving heart surgeries and medical care to children overseas. - Narayan Seva Sansthan UK – A UK charity organising camps to provide prosthetic limb fittings and related support.
Financial review
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Going Concern
The Management Committee is confident that the Charity has adequate reserves to meet its financial obligations for the next 12 months and beyond.
Structure, governance and management
The charity is a company limited by guarantee .... .
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MAKE A CHANGE FOUNDATION
REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who served during the year and up to the date of signature of the financial statements were: Mr Kiran Devraj Patel
Mr Rajesh Hirji Halai Mr Dipesh Kanji Kerai Mr Ramji Kurji Dubasiya Mr Sachin Naran Patel Mr Mahesh Lalji Patel Mr Ratilal Karsan Bhudia Mr Dinesh Dhanji Vekaria Mr Ghanshyam Patel (Resigned 5 September 2024) Mr Bharat Manji Siyani (Appointed 24 April 2025)
Recruitment and appointment of trustees
Details of method of recruitment and appointment of trustees.
The process of recruitment and appointments is carried out by the Management committee on a need basis, The appointments are then verified and confirmed by the trustees. All appointments work with the charity on a voluntary basis and the charity operates on a near zero administrative cost basis
Trustee Induction and Training
Upon appointment, all new Trustees of Make A Change Foundation receive a full induction. This includes:
- A copy of the organization’s key policies, including the Code of Conduct and Conflict of Interest guidance. - A comprehensive briefing on the charity’s structure, strategic priorities, and the responsibilities associated with being a Trustee.
Governance Structure
The Board of Trustees oversees the charity’s governance and meets at least quarterly. In addition to Board meetings, Trustees also serve on the following Management Committees, which also meet at least quarterly:
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Governance & Nominating Committee: Responsible for ensuring that the Board has the necessary skills and competencies. The committee also oversees the nomination and vetting process for new Trustees.
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Finance Committee: Reviews management accounts, forecasts, and budgets; oversees treasury management, financial procedures, and controls; and ensures effective risk management in relation to financial matters.
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Audit and Risk Committee: Assists the Board in overseeing the integrity of the charity’s financial reporting and internal controls.
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Fundraising Committee: Reviews the charity’s fundraising strategy and annual plan, supports donor engagement, and advises on communications to ensure alignment with fundraising goals.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
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MAKE A CHANGE FOUNDATION
REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to XX day's purchases, based on the average daily amount invoiced by suppliers during the year.
The report was approved by the Board of Trustees.
Mr Kiran Devraj Patel
30 September 2025
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MAKE A CHANGE FOUNDATION
STATEMENT OF RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees are responsible for preparing the Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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MAKE A CHANGE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF MAKE A CHANGE FOUNDATION
I report to the trustees on my examination of the financial statements of Make A Change Foundation (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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I have completed my examination. I confirm that no 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 charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
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 financial statements to be reached.
FinSol Tax Advisors Limited
Unit 9 Churchill Court 58 Station Road North Harrow HA2 7SA England 30 September 2025
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MAKE A CHANGE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 9,107 65,009 Total income 9,107 65,009 Expenditure on: Charitable activities 4 1,844 180 Total expenditure 1,844 180 Net income and movement in funds 7,263 64,829 Reconciliation of funds: Fund balances at 1 January 2024 42,066 - Fund balances at 31 December 2024 49,329 64,829 |
Total Unrestricted funds 2024 2023 £ £ 74,116 108,737 74,116 108,737 2,024 66,671 2,024 66,671 72,092 42,066 42,066 - 114,158 42,066 |
Total Unrestricted funds 2024 2023 £ £ 74,116 108,737 74,116 108,737 2,024 66,671 2,024 66,671 72,092 42,066 42,066 - 114,158 42,066 |
|---|---|---|
| 108,737 66,671 |
||
| 66,671 | ||
| 42,066 - |
||
| 42,066 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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MAKE A CHANGE FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Notes Current assets Debtors 9 Cash at bank and in hand Net current assets The funds of the charity Restricted income funds 10 Unrestricted funds 11 |
2024 £ 26,624 87,534 114,158 |
£ 114,158 64,829 49,329 114,158 |
2023 £ 16,401 25,665 42,066 |
£ 42,066 |
|---|---|---|---|---|
| - 42,066 |
||||
| 42,066 |
The financial statements were approved by the trustees on 30 September 2025
Mr Kiran Devraj Patel
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MAKE A CHANGE FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 Notes £ Cash flows from operating activities Cash generated from operations 14 Net cash generated from investing activities Net cash generated from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2023 £ £ 61,869 - - 61,869 25,665 87,534 |
£ 25,665 - - |
|---|---|---|
| 25,665 - |
||
| 25,665 |
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MAKE A CHANGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Make A Change Foundation is a registered charity with Charity Commission for England and Wales (CRN 1202197). Make A Change Foundation is governed by its written constitution. .
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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MAKE A CHANGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
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MAKE A CHANGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2024 2024 £ £ Donations and gifts 9,107 - Other - 65,009 9,107 65,009 |
Total Restricted funds 2024 2023 £ £ 9,107 - 65,009 - 74,116 - |
Total Restricted funds 2024 2023 £ £ 9,107 - 65,009 - 74,116 - |
|---|---|---|
| - |
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MAKE A CHANGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
4 Expenditure on charitable activities
| Charitable | Charitable | ||
|---|---|---|---|
| Expense | Expense | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Ramdev Project Cost | (1) | 42,066 | |
| Mandvi Project Cost | - | 6,000 | |
| Fundraising Event Cost | 180 | 18,474 | |
| Office Stationary | 40 | 95 | |
| Bank Charges | 1,596 | 36 | |
| Donations | 209 | - | |
| 2,024 | 66,671 | ||
| Analysis by fund | |||
| Unrestricted funds | 1,844 | 66,671 | |
| Restricted funds | 180 | - | |
| 2,024 | 66,671 | ||
| 5 | Net movement in funds | 2024 | 2023 |
| £ | £ | ||
| The net movement in funds is stated after charging/(crediting): | |||
| Fees payable for the independent examination of the charity's financial | |||
| statements | - | - |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2024 | 2023 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. |
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
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MAKE A CHANGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
9 Debtors
| Debtors | ||
|---|---|---|
| 2024 | 2023 | |
| Amounts falling due within one year: | £ | £ |
| Other debtors | 26,624 | 16,401 |
10 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At | 1 | January | Incoming | Resources | At 31 | ||
|---|---|---|---|---|---|---|---|
| 2024 | resources | expended | December | ||||
| 2024 | |||||||
| £ | £ | £ | £ | ||||
| India Bike Ride | 2025 | - | 65,009 | (180) | 64,829 |
11 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 General funds Previous year: At 1 General funds |
January 2024 Incoming resources Resources expended At 31 December 2024 £ £ £ £ 42,066 9,107 (1,844) 49,329 January 2023 Incoming resources Resources expended At 31 December 2023 £ £ £ £ - 108,737 (66,671) 42,066 |
|---|---|
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MAKE A CHANGE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
12 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2024 2024 £ £ At 31 December 2024: Current assets/(liabilities) 49,329 64,829 49,329 64,829 Unrestricted Restricted funds funds 2023 2023 £ £ At 31 December 2023: Current assets/(liabilities) 42,066 - 42,066 - 13 Related party transactions There were no disclosable related party transactions during the year (2023 - none). 14 Cash generated from operations 2024 £ Surplus for the year 72,092 Movements in working capital: (Increase) in debtors (10,223) Cash generated from operations 61,869 15 Analysis of changes in net funds |
Total 2024 £ 114,158 114,158 Total 2023 £ 42,066 42,066 2023 £ 42,066 (16,401) 25,665 |
|---|---|
The charity had no material debt during the year.
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