5hishukunJ SHISHUKUNJ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
SHISHUKUNJ CONTENTS Pogo Legal and AAlministrativ8 Informalb)n Rewrt of the Trustees Report of the Independent Examiners Ststement of Financial pdrrfi Balance Sheet Statement of Cash Flvws Notes to the Accounts 12
SHISHUKUNJ LEGAL AND ADMINISTRATIVE INFORMATION GOVERNORS Bhupenbh8i Shah KarnK8shbhai Shah Ketanbhai Dan1 Nitintxlai M8hts XECUTIVE COUNCIL Mah8bhai Shah Niralbhai Shah Kajalben shah Harshiv Shah Surajbhai Shah Bineetbhai Shah Hemal Sth8h P8ayal Milhani RishiÈthai Har5 Pralik Sh&h Sunita Mehts Ne$ubM HITani Kri6hnab•n Shah Raj Mistry Sneha Var8h&nl Dipali Sh•h Jaygsh Ohan•ni Ktshul Patol Offic4r Fkj Offi Kendts Nay•k Off Offic•r KeThJr8 Nayak Kwdr8 Noy8k Fh•bJ OffKer Kendro Nay Kondra Nay Heod of SIP Field Offic4r FielJ Offi Offic4r C•n s•gt Op•n Beot March 2023 March 2023 Marc 2023 March 2023 Marth 2023 March 2023 Mgrch 2023 M•r¢h 2023 CHARITY OFFi¢e Shishukunj Bhavan 25- 27 High Stra•1 Edgwar IATddl8sox HA8 7EE INDEPENDENT EXAAIINER3 Red Emerald Ltd Ch8rt8rgd Accountants Ind Chartorod T#xAtho*5 Suit• 465, 8vilding 4 North London Busin988 Park Oakl•igh Rood South London. N11 1GN BANKERS National Wastrninster Bank pl $67 Kingsbury Ro•J London NW9 9EP bank 101- 103 Stsdon R¢)•J Edgware Ml(l¢J1888x HA8 7JJ
SHISHUKUNJ TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The tru6tth6 present tr"r report ak#)g wrth the finawal statements of the Charty for the year ended 31 Decemb8r 2023. The financial statements have been prepared in accordance wtth the aCUnting p)licies Set oth in note 1 10 the accounts and comply the charis trust deed, the Chairties Act 2011 snd Accounting and Reporting by Charities.. Statement ol Recommended Pracc appts1e to Charits preparing their ac¢ounls in 8ccordancE vAth the FRS 102. STRUCTURE AND GOVERNANCE Tru•tte• The tru8lee8 and g¢)vemors have served during tho year and since the year end are set out on page 1. Appoinlm8nt of trustees and govemors is govemed by the constituts.on of the Charity. The Executive Council Is elected by the m8mbgrs at the AGM. The govemors are appointed al the AGM. The Executive Council is bulhorised to appoint new governors to fill vaLnGw ansing through ignatIOn or death of an existing govemor and seek aFproval at AGM. Inv•stment Pow•rn The con811tution 8uthon8es th8 trustee¥ to make and hokj investrnents using tha g?neral funds of th6 Charity. Shi$hukunj 18 govemed by a ¢on¥litution and its oty"¢¢tNe5 ar8 a8 foltUW8". To advance Indian relMJion and cutture amongst children and young poop,. To thance the education ol childrnn and young p8opl8; To In8trud children and young people in the princwles of di8cipllne. loyalty and gId cttizen8hip', To relieve poverty. distre88 and sthes8 affKx)g6t children. D•v•lopm•nt Actlvttlm and Achl•v•m•nts The Iw$taes consider the porforrronce of the Chanty for th8 year h88 been Ox. This wa8 a 8ati$fa¢tory year In lemw 0ffundrnIn9 and actNrte8. The Charity woukl not have teen able to provido su¢h a widg range of a¢tNiti8s without the conlinu•J 8UPWrt of its members. Flnnclal R•vl•w Members subscriptions were utilised lo cover the v8riou8 of charrtsbbo actNities of the Charty for tha year ended 318t Wmber 2023. The charity 18 priviledged to have a freehokl propgrty. a modem fary'lty to enhance &ts'vib"8S. Durlng the year, Shishukunj reached out to und8rpriw'W chihyren in drfterent parts of the world %there it onlinued supporting their basic needs. The charilies chosen for financial support were those that were engaged in helping and assisling young ¢hildren_ Donations of £138,005 were dr8tn"buted out of the Restricted Funds to varM)us children's charities around the wortd during the year. Shishukunj fepre5entatives are culnIty engaged in evaluating various other children's charrties that can benefft fr inFCton ( funds.
SHISHUKUNJ REPORT OF THE MANAGEMENT COMMirrEE {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Volunt8w The chafity ¢6 gr8tsfiI forts effort8 of al volunkn8rnwfv) gNe tsrtrn to With ShAhUnI activth•. In addiknon Ihe t199$ all proywje their services volunlaiily to lh8 Chaty. We recoanise that Shlshukury Could not 88¢thOUt0UrOpernl)nI1 ¥dunta. EyM#JtNe Commth• and (knymcn. RM•rm Pollcy It ts th• policy of ts drity10 mwrtain unrn8trtcbJ fuThlÈ not o)mmrtbJ rA wThp6ted in tsTrJiN• fixad (the Yree Teser¥as'l hekj by tho to 3 aThJ 6 rnon of reSrS ayp•nd8d. At this Rl•k M•nwm•nt The truste8s actN¢ty revth¥ Ihe mwr rffjks, which the Chaiity f8C8S A re9ulor b•$i$ •nd bolièvè Ihat malntsining r888r¥e• at the ent tomts"n•d wth an thnnual of the controb of kty financial Jyst8rn$. ill provhle suffjoent rtssourc48 in thè went of thr80 gYKlrtion$. The truste•8 h8V• 8180 examimj other ¢yrabonal and ri¥ tsc•d Ch8nty and ar• cc¥nf¢thKry thal they ha¥8 •It•tyh•d sy4t•ms to mfyts the s•Jnnlcant rnk•. Tvu¥tsM Rgspon•lbllltl•• In R•l•llon to th• F4nnei#l St#tsmonts Th• trust••5 af8 rgwwbKp for ptepaThr4 Annu RwrtaThJ th•ffinandal Stat0 in acdanc0 th OFWi)Kry Iw and regulalw. Under la ¥FplilIe lo ¢h8fths in ErJl8TrJ aTrJ w0• trust•# 8T8 wulr8d to prop•r• fln¥nchl 8tatemants for 88ch fin•nci•l >¥r whlch gN• • and hir VAW of tat• of Affairs of th• Ch•rlty8 finanri81 a¢b"¥rt during tho yoar aThJ ol rts fin¢111 PDArthJn at th• •r¥J ol lh• r. In preparing th•&e fin•nrio18t•t0ments. th8 truth•8 r• wui¥•d to, . Suitab 8cctsJn'TrJ Fdioas and then sPYthTr cowthtrr. . cot• Il mothtth and In ts ChonUo8 SORP, mAk• jUdrrnts and •ccounbrg 06timata8 Ihat 8rn and wud•rt •tat• wh•th•r apwicab UK Ag>Junb'r¥J Sl•nd•rds h•ve 1>08n f0t1th. •ubit£t tr) 8ny mater1 deparbJrns di8elo#•J and wLqintrJ in the finaroal stoknTrts," . pr8paro tho finonti818IBtsm8nts on Ihe gory knaFweprialJ to pr88umo that tha Charity 711 lo ntinu• it• ac¥6bos. Tha tr1 are r88ponwl)kn IOT k¢wiry kYop•r 8ccounts.ffd Mcoth diK4w th Te48on•È4• accuracy at any b'mè th? financial pos1) of th¢ Chanty anrj to th to on8ure that thè flnAnd?I $t8t•m•nts eemply wth r¢quirerrrts cl lh• Charibu AL# 2011 and the 4)plic8bK• Charitw (A[ and Repjrtsl R¢guths. Thy are 8IBO reSpolbIe lor 8afoguarding thè 858•ts of thè Chgrity •ThJ henc• ror takiThJ r8880nabLe sto for t prob00n and d•t•ctson erf fraud Othgr irrg9uloritso8. Aoprov•d by th• tr0$ behew by. Tajbhal Shah Secretary 8th February 2024
SHISHUKUNJ REPORT OF THE INDEPENDENT EXAMINER We rep)rt on the accounts of Shishukunj for Ihe year erthd 31 December 2023. which are set out on pag&$ 510 12. Re8P¢Ctlve Roponslbllltle8 of tho Trusttts and the ExJmln•rn As described rr¥)re in Responsit¥litie8 of the trustee8 set OLrt in their Report, the trLtee8 are re8ponsible for the preparation of the financial ststemerrts and for bw'n9 &isfied that they gNe a true and f8ir view. Th8 trustees constder that an audit is r1 required for this year under section 144{2) of the Charities Act 2011 and that an indepérKlerrt examinallffi is needed. It l# our re8pcwtsIIty to.. examine the accounts (Ltt)der Section 145 of Ihe 2011 Act),. lo follow the procedures laid d¢74¥n in the genérnl Directions gven ty Chanty Commissw)n undgr Se¢b'on 145 {5}Ib) of the 2011 Actr. and to slate ether parbcular mattern hava com8 to attenlion. B••h of Ind•p•ndont Examln•r• R•port Our examination w88 carrlad out in aco)rdance yth 98rnral Dlrection8 gfiven by tl Charty Comml88lon. An examinatlon Indude8 a re¥iew of the aceounting re¢d8 kept by the Charrty and a comparison of the ac¢ounts presented wlth th088 record8. It olso indude8 con8ideth.on of any Unusu rtems or di8closure$ In the 8¢counts. gnd 8eeking explanations from you as truste88 COrmIng any 8Lth matters. The proCedUS undertaken do not provlde 811 the donCe that would be requirod in an audrt. and con8equMVy rn opinion 1$ given 8¥ lo wheth the accounts present a 'lrue 8fKI fairt vièw aThJ th8 report 1$ limited lo those matters out In Ihg 8talement set ¢xrt bethl. Indopend•nt Examlnern Stsl•m•nt In tho cour8e of our ex8minalon, no rrsatter has comg to our attention.. 1. Which gives u8 rea60n8ble cause lo beliov• that in. any r(181 respect. tl requlr•ment8.' to keep accwnting rwd8 In accordarte ¥th Section 130 ofth& 2011 Ae& and lo prepare accounts which 8ttord WFth the arunts"rj reco8 8fKI comply wlth the 8e¢ountlng requiremts of the 2011 A&. havo not tre8n mrt" of 2. to vknich, in ¢Jur OnIon, att•ntton be drw4¥n In lyder to enable a woper under8landlng of the accounts to bè reached. Jlt•#h Patsl ACCA. CTA. ACA For and on behalf of Red Emerald Uml¢•d Chartered AcccAJntants arKI Charttr•J Tax Att88 Suite 465. 8uilding 4 North London 8u$ine8s Park Oakleigh Road South London, N11 1 GN Dated.. 8th Februwy 2024
SHI8HUKUNJ STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unmtrlctad Fund• Total 2023 Total 2022 Funds Incomo And Endots from: Don•tn3 and legacies 127.536 239,021 276,348 Income from ChadlalAe A¢bvibe8 125A19 5.167 130,586 76,000 Totsl Incomlng rn8ourc•8 252 955 116 653 Exp•nd•d Expondltur• on rnl•lng fund• FurKlra181ng expens•s Charltablo a¢tlvltb•¥.' Running Msts 213,804 194.784 408,688 309,382 Total vo•otsrc•8 •xpMd•d 309 382 Not Incomlng I loutyolng) r••ourc•• Trnn•f•r b•tw••n FurKI• 39,149 178.2431 (39,093 42.966 Not m¢>v•m8nl In fund• 39.149 178.243) 139,0931 42.968 Fund b•larKes as at 1 January 2023 1215.037 2.005,820 2,622.854 Fund lancH at 31 D•¢•mb•r 2023 12 2.136,794 1626.727 2 665 820 The notes fomi pa1 ofthese finarM701 statemenls.
SHISHUKUNJ BALANCE SHEEr FOR THE YEAR ENDED 31 DECEMBER 2023 Total 2023 Total 2022 Funth Fund• Flxed assats T8nolble fixe(J assets 1,829,194 1,829,194 1,885.844 Cuvr•nt •Mets Debt1 4126 303.472 13,126 811,002 17,876 779,861 Cash al bank 4nd in hand 607.630 S16.$30 307,598 824.128 797,737 Cr•dltor•: •mounts lalllng du• Tlthln on• y••r N•t curT•nt •M•t• 10 126,6981 {26,5981 117.782) 489.932 307,598 797.530 779,975 Cr1101. amounts flllng du• aft•r OD• year Total N•t A•••ts 2136792 2 665 820 R•pr•••nl•d by: Totsl fvnd• 12 2 626 724 2 665 820 Approv•d by thg Tru8t••8 on 8th Febrtry 2024 and on thelr behf ty. M•h•lbh•l Sh•h - Pmkl•nt Bhunbhai Shah . 13ov8m Bln•etbhal Shah - Trn*8ur•r
SHISHUKUNJ STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEhlBER 2023 2023 2022 Nèt incorn811oxpendlture) forlhe reportlng perfod Adjustments for. Depreciation {Irea8e) l D¢cre088 in strrtk {Increase) l Decrease in debtors Incrgase l {Decre88el in credrtorn Dividends and interest frcAn invost 139.093) 42,986 56.650 56.650 4.7SO 8.834 1,292 13.340) Not cash provld•d byllu80d Inl op•rntlng *tl¥ltlo8 97.568 Ca•h tlow from Inv••tlng a¢tfvltl•8: Dividends and inlore8t from investments PUhaS? of proFety, plant & equiWnt Net co•h provldad byl{u8•d Inl Inv•stlng actlvltlo• {1081 Ca•h flow from fin•nclng actl¥ltl••: Incre888 1 {R¢p8ymentl of tr¢r Nat ca8h provld•d by lumd In) flnanclng aclMtle• Chang• In cuh and ush •qU1•n In the roPOrtJng pwlod Changm In ca•h and ca•h •qul¥al•nts al th• l)eglnnln9 of th• p•rfod Cash and ca•h oqulvalonts at tha •nd of the peflod 31.141 97,460 779.861 682.293 811,002 779,763 An•lysl8 of ca•h and ¢•8h •qulval•nts Balanc• at 2023 Balance at 2022 Cash In hand 811.002 779.861 779 881
SHISHUKUNJ NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Aecounling Polkks Ba818 of preparnllon The financial statements have been prepared under the historical cost ¢onventson and in accordan* wfth Accounts"ng and Rewrting by Chanties. Statement of Recommended Practjce applicable to charities prepanng their acnts in rdance th the FRS 102, and tho Charjties Act 2011 and applb regulaknons. Tanglble fixed au•ts and depro¢latlon Tangible fixed assets are depreuated in accordancè vth the chariVs a¢¢ounty'ng rh)Iw. Depreciatn is provided at rates calculated to write off the cost of the asBel18s8 any estimated residual value over ts expected useful lrfe. as folkn¥s.' Freehold Land Freehold Building Fumthre and Equipment Not depreciated Straight Line over 40 years StravJht Line over 4 years l)oTr•tlon8 Donats'ons are ac¢ounled for on a rxelpts basis. The value of seThlces provldad by volunteers has not tsen included. Covonanted Incom• These are brought in on a receipts basts. Tax refunds on covenanted payments are ac¢ru8d lo the extent a Claim can b8 estatAished. Bank Intor•8t Income from bank deposrt atnts is inclutsj in t accounts in the year it [8 recewed. Managem•nt and Admlnlstratlon ExPendIre Expendrture on management and administration of the chanty indude all expenditure not direcuy related to the charitable actNty or fundraising ventures. These include costs ol running office premises, staff salaties for aJministratNe staff Fund Accounllng The natUTe and purFQ8es of each fur are explained in nots 13.
SHISHUKUNJ NOTES TO THE ACCOUrs (coKfiNUED FOR THE YEAR ENDED 31 DECEMBER 2023 Voluntary Incom• Unrn•tsl¢ted Ro•trlcted fund* fundi funds lund• 2023 2022 Gera1 (lonatsons Individual donation8 - Corate donalons . Rgsth¢Xed donatio 18,810 1.933 1,001 2.934 491 741 144.565 144.565 fj.561 82.637 81637 7.681 104,120 067 148.240 Covenanted Irb>)m8 - Annual subscript• Glft Aid . LK8 member•h 98.720 16.037 94,955 18.388 12.543 94,965 20.610 12,543 23,403 4,222 222 128 108 127,036 111,488 239.021 126.089 100.279 278.348 A¢tlvltlM for g•Mrnllng fund• Unrn•iTlctsd R••trlc lundB UnY••trlct•d Roltrlctsd fvnd• fund• 2023 2022 IjMa from CharItsO Aclbht Events IncMe (Nottr 111 Rental Income Govemment Grants 88nk inl8rnSt 411)40 7&869 41040 73,889 10,702 28 18.728 9,510 6,167 14.677 42J 125,419 5.167 130,888 75,974 26 76,000
SHISHUKUNJ NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 R•oouYe•• Exp•ndod ihrnstrlthd RtrIcted fund• fund• 2022 fvnd• Colt of otner•tkng Funds: Fundral&rMJ Exp8n8es.' Charity Walk INots111 112 Runnlng Unr••trlctsd Rtrt• fuNI• fitnd• 2022 Dlr•ct¢h•ritabl• •xpondllurn: Gujarab cLqw¥ salan89 and werth•s Kgndrnlschooll r•nt Activth88 expanse Sundry costs Evonts c¥)8ts Support Coots Chwttabl• payrrnnts 12m 34.736 19,712 12Mn 34.736 19.712 13,303 30,391 9.700 718 22.287 72.342 13,303 30,391 9.700 718 22,267 $6.913 129,2S6 103.748 103.748 INotè 111 {Nots 81 57,620 67.820 87.664 06,rn 144M43 138,OOS 138,006 194 784 408188 180 181 309 382 8upportCo•ts UnM•trl¢t•d R••trlctsd lund• fvnd• 2022 fvn fund• 2023 Adrnini8trntSon offic•r8' Non domoitic ratos Inren Light. h•at watsr Wa$t• PrInn9. postag• 8TrJ tel•phon• Adv•rti$ing and mark8tsrg Clegning & Flgatth and Safety Repalr8. r8newal8 and maintènBfK• Cornputerc49ts ind sofThwBre (hv•b) Bank charges D•predatK)n offwod #sets 16.169 15,169 11919 7.714 13,005 11881 13.91 7.714 13,ty)S 12.681 1A60 IS.797 12.754 1,701 1.310 15,797 12.764 1.701 12,675 12,575 9,710 9.710 8.260 3,841 1.918 66.850 86,850 88 913 129 266 3,841 1147 129 1.878 630 06,8S0 72 No r¢murffjrnWon was to trusts•s in ts sw. nwnberol 8laff erwylwj c•k#Jl•tthJ 08 full Img equtvak*nts durirrfJ the yoar w• 112022- 11. No employee ree•iv•J mneratI)n clmoro than £20.(XLI.
SHISPKIKUNJ NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Fr•thMI & Corntrucdon E4ulsMn4nt th Pmgrw BuildinoB Tot41 2023 Tot41 C06t At 1 jry2023 14WJ.1103 2A90.OB3 At31 D•e•nb•r2023 Al 1 January 2022 Ch8rgafc¢th¢>•w SK.14• 6M239 847.697 A¢ 31 O•cwNb•r>)23 N•t book vk AtJl O•ufflb•r2023 At 31 DOrt*2 2022 Althet4 2,3e6 4.128 i).1 11387 17,BTI io Cmthrn.. 4110Wbt• l•lMng wllhln 22 Trade c¥¥Jitarn PAYE credtsr 1.72D 24.874 cruas 16,376 17,762 17,702
SHISHUKUNJ NOTES TO THE ACCOU14TS {¢ONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 2022 An Ku 1S7 (1M31 8uvpiL Ixp•M• {D•ftÈ#i ll12) 11 Fw 2022 8hlBhuknr4 I Prt4•Gts TnAt Fund Toiil Tot*1 lJ76.n6 1210.0>7 2,842.J12 3•.149 IM.$29> 139,0981 ,932 1.•20.10B 1136,7•2