INDIAN RELIGIOUS AND CHARITABLE TRUST ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Charity Number:2578O7
INDIAN RELIGIOUS AND CHARITABLE TRUST CONTENrs PAGE CHARITY INFORMATION TRUSTEE'S REPORT INDEPENDENf EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO ANKUAL ACCOUNTS
INDIAN RELIGIOUS AND CHARITABLE TRUST CHAIUTY INFORMATION Name: INDIAN RELIGIOUS AND CHAIUTABLE TRUST Charity Number: 257807 Trustees: Convenor.. Dr K L Gandhi Treasurer.. Mr E K Gupta MrHDSeth Mr N Shah Mrs Indu Seth Registered Office: Gandhi Hall Brunswick Road Manchester M20 9QB Independent Examiner: A Savjani 9 Shireoak Road Withington Manchester M20 4NY Bankers: Bank of India 182 Soho Road. Handsworth Bimiingham B219LP Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE'S OF INDIAN RELIGIOUS AND CHARITABLE TRUST I report on the accounts of the charity or the year ended 31 December 2023 which are set out on pages 4 to 8. Respective Tesponsibilities of trustees and examiner As the charity's trustees, you are responsible for ihe preparation of the accounts: you consider that the audit requirement of section 144(2) of ihe charities Act 2011 does not apply. It is my responsibility to slatc. on the basis of the procedures specified in the General Directions given by the Charity Commissioners under Section 145{5)(b) of the Act, whether particular matters have come to our attention. Basis of examiner's statement My examination was cTled out in accordance with the General Directions given by the Charily Commissioners. An Examination includes a review of the accounting Tecords kept by the chltY and a comparison of the accounts presented with those rccords. It also includes consideration of any unusual items or disclosures in the accounts seeking cxplanation from you as a trustee concerning any such matters. The procedures undertaken do not provide all the evidence Ihat would be reqEiired in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner5 Statement In connection with my examination, no m8tteT has com¢ to my attention: which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 130 of the 2011 Act- to prepare accounts which accord with the accounting records and comply with the accounting requirement of the Act have not been met.. or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accouryts to be reached. A Savjani Chartered Certified Accountant 9 Shireoak Road Withington Manchester M20 4NY
INDIAN RELIGIOUS AND CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds 2022 INCOMING RESOURCES Notes 2023 Donations and hall charges Salaryrefund Bank Interest TOTAL INCOMING RESOUCES 35,750 16,070 218 35,968 159 16,229 RESOURCES EXPENDED Direct charitable expenditure: Refuse collections Gross salaries PayelNI Repairs and renewals Maintenance Light heat and water Insurance Sundries Legal Cost Depreciation TOTAL RESOURCES EXPENDED 991 8,190 833 7,470 5,833 5,377 2,586 2,581 1,573 3,918 3,169 1,197 2,410 177 20,746 145 25,703 NET MOVEMENT IN FUNDS 10,266 Fund balance brought foward at 1 Janua 173,314 -4,517 177,831 Fund balance brought forward at 31 Dece 183.580 173,314 Page
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INDIAN RELIGIOUS AND CHARITABLE TRUST BALANCE SHEET AS AT 31ST DECEMBER 2023 Investmerixtures Pr0pertFrtb"ngs Total 3 FIXED AssErs Valualionlcost As at 1 January 2023 Additions Adjustment As al 31 December 2023 74,230 8. 82,275 74,230 8,045 82,275 Deprecialjon A5 al 1 January 2023 Charge for the year 0 7,239 145 7,239 145 As at 39 December 2023 0 7,384 7,384 Nel bcok valuo As at 31 December 2023 74,230 661 74.891 A8 al 31 December 2022 74.230 806 75.036 The fieehold pioperty investtnenl comprising G8ndhi Hall 15 provided by the Trust for community use and has bn valued at the balance sheet dated at original value (Apprornate open market value by the trustees is £825.0001. The original cost ofthe propety was £73,732 4 DEBTORS 2023 2022 Prepayments 4,252 3,307 5 CREDITORS Amount falling due within one year 2023 2022 Accruals 725 525 6 TRANSACTTONS WITH TRUSTEES No trustees received any remuneration or TeirnbuTS8m8nt of &xpensesl202>Nonel 7 FUNDS All funds are unreslrlcted and undesignaled and are free to use in accordance with tho charltable objects
INDIAN RELIGIOUS AND CHARITABLE TRUST NOTES TO THE ANNUAL ACCOUhlTS YEAR ENDED 31 DECEMBER 2023 1 ACCOUNTING POLICIES The following policies have been used consistently in dealing wth the items which are considered material to the Charity's affairs. la} Accounting Convenb'on The aceounls set on pages 3 10 8 are prepared in accordance with the slalement of Recommended Practice for Charilies{November 2000} and on accrual basis. {bl Income Income from hlre of the Hall and annual dor¢alions are accounted for on a receivable basis.Olher Income is accounted for on a receipt basis. Tangible fixed assets and depreciation Tangible fixed assets are slated al Gosl less deprecialiopn.Depreciation is provided at a rate calculated lo write off the cost or valuation of the fixed asset8, less their residual value, over their expected useful lives on the following basis. Fixtures and fittings 18% Reducing balance The Freehold investment property. Gandhi Hall, is not depreciated and is slated at original value. Idl Taxation The Trust is exempl from taxation on income arising in the year due to ils charitable status. 2 NET MOVEMENTS IN FUNDS The movement in funds is slated after.. 2023 8,190 145 2022 7,470 177 Wages Depreciation Page 6