HUK BAAL DEVO BHAVA 5hishukunJ LET EVERY BIJDaLOO&I SHISHUKUNJ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity No. 284206 SHISHUKUNJ CONTENTS Page Legal and Administrative Information Report of the Trustees Report of the Independent Examiners statement of Financial Activities Balance Sheet statement of Cash Flows Notes lo the Accounts 8-12 SHISHUKUNJ LEGAL AND ADMINISTRATIVE INFORMATION GOVERNORS P08t Dats appolnt6dlreslgn8d Kamle8hbh81 Shah Kelanbhai Damani Nilinbhai Mehta Pratapbhai Gadhvi Bhupenbhai Shah Governor Governor Governor Governor Governor Appointed 171h March 2024 Resigned 171h Marth 2024 EXECVTIVE COUNCIL Post Date appointsdlro8igned Appointed 17th March 2024 Appointed 17th March 2024 Kajalben Shah Mahelbhai Shah H8rshivbhai Sh8h Paayalbèn Mithani Pratikbhai Shah Sunilaben Mehta Prishaben Halal Chandniben Gondria Krishnaben Shah R8ibhai Mislry Aysh8ben Shah Nihirbh81 Shah Rakheben Lad Sahilbhai Shah Vinayaben Haria Mehulbhai Patel Nesuben Hirani Premilaben H8lai Kalpeshbh81 D8vdra U$hm8bÈn Shah Dipaliben Shah Jayeshbhai Dhanani Mahelbhai Shah Kajalben Sh8h Nirajbhai Shah Rishibhai Haria Surajbh81 Shah BinÈeibhai Sh8h Hèmalbhai Shah Snehaben Varshani President Ex-officio Kendr8 Nayak Kendra Nayak Kendra Nayak Kendra Nayak Kendra Nayak Kendra Nayak Field Offi*r Field Offitrr Field Officer Field Officer Field OffI￿r Field Offi￿[ Field OffiTrr Open seal Open Seal Open Seat Open seat Open seat Co-opted Co-opted President Field OffiTrr Field Offi*r Field Offi*r Field Officer Open seat Kendra Nayak Kendra Nayak Appointed 17th March 2024 Appointed 51h Seplernber 2024 Appointed 8th December 2024 Appointed 17th March 2024 Appointèd 17th March 2024 Appointed 17th March 2024 Appointed 17th March 2024 Appointed 171h March 2024 Appointed 17th March 2024 Appointed 17th March 2024 Appointèd 17th March 2024 Appointed 21st March 2024 Appointed 21st March 2024 Resigned 171h March 2024 Resigned 17th March 2024 Resigned 17th March 2024 Resigned 17th March 2024 Resigned 17th M8rch 2024 Re$ignÈd 17th March 2024 Resigned 5th September 2024 Resigned 8th Decetnber 2024 CHARITY OFFICE Shishukunj Bhavan 25- 27 High Street Edgw8re Middlesex HA8 7EE INDEPENDENT EXAMINERS Red Emerald Ltd Chartered Accountsnls arKI Chartered Tax Advisers Suite 465, Building 4 North London Business Park 08kleigh Road South London, N11 1GN BANKERS National Wesitninster Bank 567 Kingsbury Road London NW9 9EP Melrob8nk 101 103 Station Road Edgw8re Middlesex HA8 7JJ SHISHUKUNJ TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report along with the financial statements of the Charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities. Statement of Recommended Practi￿ applicable lo charities preparing their accounts in accordance with the FRS 102. STRUCTURE AND GOVERNANCE Trustees The trustees and governors who have setved during the year and since the year end are set out on page 1. Appointment of Iruslees and governors is governed by the constitution of the Charity. The Executive Council is elected by the members al the AGM. The governors are appointed al the AGM. The Executive Council is aulhorised to appoint new governors to fill vacancies arising through resignation or death of an existing govemor and seek approval at the AGM. Investment Powers The constitution aulhorises the Iruslees to make and hold investments using the general funds of the Charity. Shishukunj is governed by a constitution and its objectives are as follows.. To advanTr Indian religion and culture amongst children and young people., To advance the education of ehildren and young people", To instruct children and young people in the principles of discipline, loyally and good citizenship., To relieve povety, distress and sickness amongst children. Development Actlvltles and Achlevements The trustees consider the performance of the Charity for the year has been good. This was an exceptional year in tèrms of fundraising and acliviles. The Charity would not have been able to provide such a wide range of activities without the continued support of Ils members and volunteers. Financial Review Members subscriptions were utilised to cover the various costs of charitable activities of the charity for the year ended 31 st December 2024. The charity is priviledged lo have a freehold propety, with a modern facility lo enhance activities. During the year, Shishukunj reached out to underprivileged children in different parts of the world where it continued supporting their basic needs. The charities chosen for financial support were those that were engaged in helping and assisting young children. Donations of £165,930 were distributed out of the Restricted Funds to various children's charities around the world during the year. Shishukunj representatives are currentty engaged in evaluating various other children's charities that can benefit from injection of funds. SHISHUKUNJ TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Volunteers The charity is grateful for the efforts of all volunteers who give their time to help with Shishukunj activities. In addition the trustees all provide their services voluntarily to the Charity. We reC￿niSe that Shishukuni could not exist without our operational volunteers, the Executive Committee and Governors. Reserves Pollcy It is the policy of the charity lo maintain unrestricted funds not committed or Invested In tangible fixed assets (the 'free reserves'l held by the charity lo be be￿een 3 and 6 months of resources expended. At this level the Executive Committee feel that they would be able to continue the current activities of the charity. Risk Management The Iruslees actively review the major risks, which the Charity faces on a regular basis and believe that maintaining reserves al the current levels, combined with an annual review of the controls of key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the Charity and are comfortable that they have estsblished systems to miligale the significant risks. Trustees Responslbllltles In Relatlon to the Flnanclal Statements The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Under laws applicable to charities in England and Wales Iruslees are reqLJired to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Charity's financial activities during the year and of ils financial position al the end of the year. In preparing these financial slalements, the trustees are required lo., select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will be able to continue ils activities. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial position of the Charity and to enable them to ensure that the financial statements comply with the requirements of the Charities Act 2011 and the applicable Charities (Accounts and Reportsl Regulations. 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. Approved by the trustees and signed on their behalf by.. Ushmaben Shah Secretary 6th February 2025 SHISHUKUNJ REPORT OF THE INDEPENDENT EXAMINER I report on the accounts of Shishukunj for the year ended 31 December 2024, which are set out on pages 5 to Respective Responsibilities of the Trustees and the Examiners As described more fully in the Responsibilities of the trustees sel out in their Report, the tru51ees are responsible ft)r the preparation of the financial statements and for being satisfied that they give a Itue and fair view. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 and that an independent examination is needed. It is my responsibilty lo.. examine the accounts {under Section 145 of the 2011 Act),. to follow the procedu￿$ laid down in the general Directions given by Charity Commission under Section 145 15llbl of the 2011 Act., and to state whèther particular mattèrs havè comè to our attention. Basis of Independent Examiners Report My èxamination was earriÈd out in accordancé with général Directions given by the Charity Comrnission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented Mrith those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit, and consequenuy no opinion is given 85 to whether thè aCeOLJnts present a true and fai¢, view And the ￿pOrt is limited to those matters set out in the statement set out below. Independent Examiners Statement The charity's gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales and the Association of Chartered Certified Accountants. In the course of my examination. no matter has come lo my attention.. 1. 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., and to prepare 8ccounls which accord with the accounting records and comply with the 8ccounb.ng requirements of the 2011 Act., have not been mel.. or 2. to which, in my opinion, attents'on should be drawn in order to enable a proper understanding of the accounts lo be reached. Jitesh Patsl ACCA, CTA, ACA For and on behalf of Red Emerald Limited Chartered Accountants and Chartered Tax Advisers Suite 465, Building 4 North London Business Park Oakleigh Road South London, N11 1 GN 6th February 2025 SHISHUKUNJ STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds Restricted Funds Totsl 2024 Total 2023 Not•$ Income And Endowments from: Donations and legacies Subscriptions 105,051 102,237 88.736 193,786 102,237 140,301 98,720 Ineome from Charitable Activib"es 234.443 518.069 752.512 130,586 Total incoming resources 441.731 606.805 1.048.536 369,607 Resource8 Expended Expendlture on ralslng funds Fundraising expenses 176,205 176,205 112 Charitsble activities= Running costs 325.010 223.456 548.466 408,58B Totsl resources expended 325,010 399.660 724,671 408,700 Nat incoming I loutgoingl r•soure•s 116,720 207,145 323,865 139,0931 Transfer betsyeen Funds Net movement in fund8 116,720 207,145 323,865 139,0931 Fund balances as at 1 January 2024 489.932 2,136.792 2.626.727 2.665,820 Fund balances at 31 December 2024 12 606 652 2 343 937 2 950 592 2 626 727 The notes form part of these financial statements. SHISHUKUNJ BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 UnrestrScted Restrlcted Funds Funds Total 2024 Totsl 2023 Notes Fixed assets Tangible fixed assets 1,772,544 1,772,544 1,829,194 Current assets Debtors 9,180 650,480 3,246 568,147 12,426 1.218,627 13,126 811,002 Cash at bank and In hand 659,660 571,393 1,231,053 824,128 Creditors= amounts falling due within one year 10 153,0081 153.0081 126,5981 Net current assets 606,652 571.393 1,178,045 797,530 Credltors: amounts falllng due after one year Total Net Assets 606,652 2,343,937 2,950,589 2,626,724 R•prèsèntail by: Total funds 12 606,652 2,343,937 2.950,589 2.626,724 Approved by the Trustees on 6th February 2025 and signed on their behalf by Kajalben Shah President Kamleshbhai Shah Governor Kalpeshbhai Davdra Treasurer The notes form part of these financial statements. SHISHUKUNJ STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Net incomellexpenditurel for the reporting period Adjustments for.. Depreciation Ilncreasel l Decrease in stock Ilncreasel l Decrease in debtors Increase I (Decrease) in creditors Dividends and interest from investments 323,865 139,0931 56,650 ,650 700 26.411 1102,2371 305.389 4,750 8,834 198,7201 167,5791 Net cash provided byllused inl operating activities Cash flow from investing activities: Dividends and interest from investments Pur¢hase of property. plant & equipment Net cash provided byllused inl investing activities 102,237 98,720 102,237 98.720 Cash flow from finan¢ing a¢tiviti•$= Incre8se I IRep8ymenll of botrowings Not cash provldad by lusad Inl finanelng actlvltlas Changa In eash and eash •qulvalonts In th• rèportlng p•rlod 407,625 31,141 Chang8s In cash and cash oquivalènts at tha beginning of th8 p8rlod 811,002 779,861 Cash and cash equivalents at the end of the period 1.218,627 811.002 Analysis of cash and cash equivalents Balance at 2024 Balance at 2023 Cash in hand 1,218,627 811.002 1,218,627 811,002 SHISHUKUNJ NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting Policies Basis of preparation The financial statements have been prepared under the historical cost convention and in accordance with Accounting and ReFlOrting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordan￿ with the FRS 102, and the Charities Act 2011 and applicable regulab'ons. Tangible fixed assets and depreciation Tangible fixed assets are depreciated in accordance with the charity's accounting policy. Depreciation is provided al rates calculated to write off the cost of the asset less any estimated residual value over its expected useful life, as follows.. Freehold Land Freehold Building Furniture and Equipment Not depreciated Straight Line over 40 years Straight Line over 4 years Donations Donations are accounted for on a receipts basis. The value of services provided by volunteers has not been included. Covenanted Income These are brought in on a reTripts basis. Tax refunds on covenanted payments are accrued lo the extent a claim can be established. Bank Interest Income from bank deposit accounts is included in the accounts in the year it is received. anagement and Administration Expenditure Expenditure on management and administration of the charity Include all expenditure not directly related lo the charitable activity or fundraising ventures. These include costs of running office premises, staff salaries for administrative staff. Fund Accounting The nature and purposes of each fund are explained in note 12. SHISHUKUNJ NOTES TO THE ACCOUNTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Voluntsry Income Unrestricted Restricted funds funds Unrestricted funds Restricted funds 2024 2023 Genersl donstions Individual donations Corporate donatiDn8 Restricted donations 79,258 2.184 3,093 82,351 2.184 84,823 4,793 2.888 18,810 2.673 82,637 23,603 S.S61 82,637 84,823 81,442 87,916 169,358 7.681 104,120 111,801 Covenanted Income Annual subscriptions Gift Life membership 102,237 16.737 6,872 102,237 17.557 6,872 98,720 16.037 5,098 98,720 23.403 5,098 820 7.366 125,846 820 126,666 119,855 7,366 127,221 207,288 88,736 296,024 127,536 111,￿ 239,021 Activities for generating funds Unre$trl¢teil Re$trl¢ted funds funds Unre$trl¢te funds Re$trl¢ted funds 2024 2023 Income from Charitable Activities Events Income (Note 111 Rental Income Bank interest 144,399 68.510 21.534 606,871 661,271 68,510 32.732 42,040 73,869 9.510 42,040 73,869 14.677 11,198 6,167 234.443 518.069 752.S12 12S.419 S.187 130.S86 SHISHUKUNJ NOTES TO THE ACCOUNTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Resour¢e$ Expende