## THINK GITA ## Think Gita ## Charity No 1202738 Trustees' report and financial statements For the 7 months ended 31 March 2025 1 | P a g e ## 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| 2 | P a g e ## 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 3 | P a g e ## 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: - Make the wisdom of the Gita accessible to people of all ages and backgrounds. - Support mental well-being and ethical living through spiritual education. - Foster interfaith dialogue and community cohesion. Key activities during the year included: - Weekly online and in-person study sessions. - Youth workshops and school outreach programmes. - Distribution of Gita literature and educational materials. - Hosting public talks and interfaith events. ## 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. 4 | P a g e ## THINK GITA ## ACHIEVEMENTS AND PERFORMANCE In its first full year of operation, Think Gita achieved several milestones: - Reached over 1,200 individuals through online and in-person sessions. - Partnered with 5 schools to deliver Gita-based values education. - Distributed over 3,000 copies of the Bhagavad Gita and related literature. - Launched a podcast series with over 10,000 downloads. - Held a successful “Gita for Peace” interfaith conference attended by 200+ participants. 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: - Materials: £9,452 - Venue hire and event costs: £23,336 - Digital infrastructure: £1,099 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: - Ensure proper accounting records are kept. - Safeguard the assets of the charity. - Take reasonable steps to prevent and detect fraud and other irregularities. - Prepare financial statements that give a true and fair view of the charity’s financial activities and position. Approved by the Board of Trustees and signed on their behalf by: Manju Sharma Trustee Date: 29 January 2025 5 | P a g e ## 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 accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or • 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 6 | P a g e ## 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 7 | P a g e ## 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**| 8 | P a g e ## 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. 9 | P a g e ## 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**| - (a) comprising all debtors and cash in bank and hand, other than prepayments. - (b) comprising all creditors. ## **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** 10 | P a g e ## 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**| 11 | P a g e ## 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. 12 | P a g e