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2025-03-31-accounts

THINK GITA

Think Gita

Charity No 1202738

Trustees' report and financial statements

For the 7 months ended

31 March 2025

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THINK GITA

CONTENTS PAGE

Informaton page 3
Trustees' report 4
Independent examiner's report 6
Statement of fnancial actvites 7
(incorporatng the income and expenditure account)
Balance sheet 8
Notes to the accounts 9

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THINK GITA

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

Registered charity name Charity number

THINK GITA 1202738

Registered office

JAYANTI HOUSE 34 GREENHILL WAY HARROW HA1 1LE

Trustees

Appointed Rajiv Jagdish Nandha 01-Feb-23 Arati Lena Dhrona 01-Feb-23 Nikhil Mhatre 06-Jun-24 Snehal Thakar 06-Jun-24 Dr Jessal Pankhania 06-Jun-24 Ajay Sharma 06-Jun-24 Manju Sharma 06-Jun-24 Dimple Lalwani 06-Jun-24 Kunal Kotecha 06-Jun-24

Independent examiners

Khariwal Associates 35 Bedford Road Moor Park HA6 2AX

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THINK GITA

TRUSTEES' REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT

Think Gita is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission on 6th March 2023. The charity is governed by its constitution, which outlines the appointment, powers, and responsibilities of the trustees.

The board of trustees meets regularly to oversee the charity’s strategic direction, ensure compliance with legal obligations, and monitor financial and operational performance. Day-to-day operations are managed by volunteers and project leads, under the guidance of the trustees.

Trustees are recruited based on their alignment with the charity’s values and their ability to contribute skills in education, community engagement, finance, and governance. New trustees receive an induction and are encouraged to undertake ongoing training.

OBJECTIVES AND ACTIVITIES

The charity’s primary objective is to promote education and personal development through the teachings of the Bhagavad Gita, a revered spiritual text. Think Gita aims to:

Key activities during the year included:

PUBLIC BENEFIT

The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Think Gita’s activities are open to all, regardless of faith or background. The charity provides free educational resources, promotes mental well-being, and encourages ethical living, thereby contributing to the moral and spiritual development of individuals and communities.

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THINK GITA

ACHIEVEMENTS AND PERFORMANCE

In its first full year of operation, Think Gita achieved several milestones:

Feedback from participants has been overwhelmingly positive, with many reporting improved mental clarity, emotional resilience, and a deeper sense of purpose.

FINANCIAL REVIEW

The charity’s income for the period was £40,462, primarily from individual donations and events. Expenditure totalled £34,300, with the main costs being:

The charity ended the period with a surplus of £6,162, which will be carried forward to support future projects. The trustees are committed to maintaining financial transparency and ensuring that funds are used effectively to further the charity’s objectives.

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards.

The trustees are required to:

Approved by the Board of Trustees and signed on their behalf by:

Manju Sharma Trustee Date: 29 January 2025

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THINK GITA

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the 7 months ended 31 March 2025

Responsibilites and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

Independent examiner’s statement

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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

accounts to be reached.

M Khariwal ACCA Khariwal Associates Limited

35 Bedford Road HA6 2AX

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THINK GITA

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

INCOME
Income from:
Donations and Charitable Activities
Interest Received
TOTAL
INCOME
EXPENDITUR
E
Expenditure on:
Charitable Activities
Support costs
TOTAL EXPENDITURE
Net income / (expenditure) &
Net movement in funds
Funds brought forward
Funds carried forward
All of the above results are derived from continuing
activities.		 2025
£
40,121
341
40,462
32,788
1,512
34,300
6,162
46,435
52,597		 2024
£
118,589
393
118,982
69,734
2,813
72,546
46,435
-
46,435

There were no recognised gains and losses other than those stated above.

The comparative Statement of Financial Activities is available in the notes to the accounts

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THINK GITA

BALANCE SHEET

As at 31 March 2025

Note
CURRENT ASSETS
Debtors
Cash at bank and in hand
Creditors:
amounts falling due
within one year
NET CURRENT ASSETS
Creditors:
amounts
falling due
after more
than one
year:
NET
ASSETS
FUNDS
Unrestricted funds
General fund		 £
-
53,347		 2025
£
52,597
-
52,597
52,597		 £
-
47,185		 2024
£
46,435
-
53,347
(750)		 47,185
(750)
- -
46,435
46,435

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THINK GITA

1 ACCOUNTING POLICIES

.

Statement of Compliance

Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th Financial Reporting Standard applicable in the UK and Republic of Ireland - (Charities SORP FRS 102).

note.

The company has taken advantage of the exemption under section 402 of Companies Act 2006 not to prepar consolidated accounts. The financial statements present information about the company as an individual entit and not about its group.

General Information

address is: Jayanti House, 34 Greenhill Way, Harrow, HA1 1LE.

Going concern

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a goin concern. Key judgements that the Charity has made which have a significant effect on the accounts include preparing forecasts and long-term business strategy. The trustees do not consider that there are any sources o estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to th income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Fund accounting

funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to us for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used fo particular areas of the charity’s work or for specific projects being undertaken by the charity.

Expenditure and irrecoverable VAT

probable that settlement will be required and the amount of the obligation can be measured reliably.

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THINK GITA

Allocation of support costs

activities. Support costs include back-office costs, finance, personnel, payroll and governance costs whic support the charity's activities. These costs have been allocated between the direct activities of the charity on the basis of staff time.

Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at the settlement value with the exception of bank loans which are subsequently measured at amortised cost using th effective interest method.

2025 2024
£ £
Financial assets at amortised cost (a) 53,347 47,185
Financial liabilities at amortised cost (b) 750 750

Debtors

Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

allowing for any trade discounts due.

Significant judgments and sources of estimation uncertainty

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THINK GITA

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accountin estimates. It also requires management to exercise judgment in applying the Charity’s accounting policies. Th key judgements that have been applied by management relate to depreciation rates.

2. SUPPORT

COSTS

Other support costs

2025 2024
£ £
£1,512 2,813

3. EMPLOYEE AND KEY MANAGEMENT PERSONNEL

The key management personnel of the Charity comprise the trustees (“Directors” for the purposes of the Companies Act) and Senior Management Team. The total amounts paid in respect of the key management personnel of the Charity (including employer's National Insurance contributions and employer's pension contributions) were £nil. None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.

4. BANK

Bank Balances

2025 2024
£ £
53,347 47,185

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THINK GITA

5. CREDITORS: Amounts falling due within one year

Accruals - Accounting Fee

2025 2024
£ £
750 750

6. STATEMENT OF FUNDS - CURRENT YEAR

SUMMARY OF FUNDS IN THE YEAR

General fund
Total funds		 Balance
at
31 August
2024
£
46,435
46,435		 Incom
e
£
40,462
40,462		 Expenditure
£
(34,300)
(34,300)		 Balance
at
31
March
2025
£
52,597
52,597

7.RELATED PARTY TRANSACTIONS

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

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