THE RAGHUVANSHI CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 21121 BHARAT HINDOCHA FCA FCCA CHARTERED ACCOUNTANT 447 KENTON ROAD HARROW MIDDX H7 OXY Tel . 02118204 2228 F. 020 8204 6425
THE RAGHUVANSHI CHARITABLE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021 CottteDts Ttustees. Annual ReF Indertt Examinees RepLKt Income & Ex1lture Account Balance Sheet Notes to the Financial Statements
THE RAGHUVANSHt CHARrrABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR EI¥DED 28Th FEBRUARY 2021 Introduction The Trustees present their Annual Rert along with the financial statements of the Charity for the year ended 28th February 2021. The financia] statements have E*en prepared in accordance with the accounting wlicies set out on page 6 to the accounts and comply with its trust deed. the Charities Act 201 l and the Statement of R¢¢oTnmended Practice applicable to charities pr¢paring their accounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland (FRS 102) issued 16 July 2014. Aims and objeetivey The objects of the Charity are firstly to promote the spiritual teachings and the maintenance of the doctrines and of the observances that to promote and mantfest them of the religion of the Indian Subcontinent as praCtis by member5 of th¢ tDhana Community of North & North West LAindon subscribing to su¢h religion, secondly to advance edutiOn and thirdly to provide Tecreational for such members of the LDhana Community in the interest of wial welfare with the object of improving conditions of life for such persons having need of such facilities by reason of their YO ag¢. infimiity or disablemenL N)verty or social and economi¢ circumstances. Consti¢ution The Charity was established by a Charttable Trust Deed on 5 November 1983 18 amended from time to time. It is registered &s a Charity in EngIand & Wa]¢s with registrdtion nutnber 288272. Contad addre Th¢ main address for contact is: Raghuvanshi Charitable Trnst Centr¢ Headstotke Lan¢ (opp Headstone Lane British Rail Station) Harrow Middlesex HA2 6NG Trste¢S and officers During the peri( the Trustees and other oificers weTe: Chairperson Dhirendrakumar Savani Shailesh Mehta Bhardt A. S(xlha Kantibhai O. Kakad Anil Kotecha Kamalesh H Kantsria Malini Vissandjee Sanjay Rughani Dinesh Sonchhatra Bharat Ghelani Treasurer Administratcr (ILNL Representatav¢) (Ex-officio as LCNL President) (LCNL Representative) Illdependent Examiner Bhardt Hindocha FCA FCCA Chartered Accountant 447 Kenton Road Harrow Middlesex HA3 OXY Page I
Re8erYes policy The TNst's reserve l1¢Y is to maintain a Sufficient level of reserves to enable nornial owating activities to continue over a of up to 12 months should a shortfall in income occur and to tske account of potential risks and contingencies which may arise from time totime. lllvestmellt policy perfonnaD¢e The Trust does not currently hold any investments. The operating income l{10&8) for the year was £2.156 (2020 - {104.360)). The accumulated surplus wried forward is £558,915 (2020- £556.759). Public benefrt The Tru5tee5 have compli¢d with the duty in section 4 of the Charities Act 2011 to have due regard to all guidance published by the Charity Commission. Trnstee's responsibilities The trustee is responsibl¢ for preparing the Trustee5' Rewrt and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prnctice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give 3 ITU¢ and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statement4 th¢ trustee is required to: select suitable a¢¢ounting p)licies and then apply them consiSt¢ntly" observe the methods and principl¢s in the Charities SORP. make judgements and ¢stimales that are re&sonable and PTud¢n¢ state whether applicable acci)unting standards have been followed. subject to any material departures disclosed and explained in the fitwicial stat¢ments' prepare the financial statements on the going concern b1$ unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping Pro aca)unting records that discl(tse WTth reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial staternents comply with the Charities Act 201 l. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also r¢SnSIble for safeguarding the &ss¢ts of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other iTregularities. Date: er of the &Mrd ' 22 Dhirelldrakumar S2V2Di Chairper80 Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RAGHUVANSHI CHARITABLE TRUST FOR THE YEAR ENDED 28TH FEBRUARY 2021 I report on the accounts of the Trusi for the year cnded 28 Febnwy 2021 which are set out on pages 4 to 7. Respertive resnSIbIlIes of the Trustees f4nd Examiner The Charity's Trustces are responsibl¢ for the preparation of th¢ a¢unts. The Charity's Trustees consider that an audit is noi rcquired for this year under section 144(2) of the CharitÈes Act 2011 (the 2011 kn) and that an independent examination is needed. It is my rtswnsibility to: examine the accounts under section 145 of the 2011 Ad. to follow the procedures laid down in the general Directions given by the Charity Commission under s¢ction 145(5)(b} of the 2011 Act- and to state whether parti¢ular matters have come to my attention. Basis of independent examiner's rewtyrt My cxamination was carried out in a¢¢ordancc with the general DirectiODS given by the Charity Commission. An examination inclLLdes a r¢view of the accounting recijrds kept by the charity and a comparison of the accounts presented with those records. It also includes considerntion of any unusual items or disclosures in the accounts, and seeking explanations from you as Trnstees concerning any such matters. The procedures und¢naken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'trne and fair view, and the re[ is limit to those mattcrs set oul in the statement below. Independent Examiner's ststement Ill connection with Tlly examination, TK) matter has come to my attention: i) which gives m¢ rcasonable to bclieve that in any material rcspecl the wuircments.. to keep accounting rccords in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirem¢nts of the 2011 Act have not been met. or 2) to whtch. An my Opinio attention should be drawn in order to cDable a prDpcr understanding of the aoUntS to b¢ r¢ached. BHARAT HtNDOCHA Fcffj FCCA Chartered Accountani 447 Kenton Road Harrow, Middlesex HA3 OXY Date: ?1 >É 20x1 Page 3
THE RACHUVANSHI CHARrrABLE TRUST INCOME & EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 28 FEBR ARY 2021 2021 2020 INCOME Patrons Hire of Hall & filtUre Rental income from grounds. receivable Lohana Cricket Club contribution COVID 19- Grant 5(K) 19.850 750 I,O(M) 27,IXK LCNL Social Centre Yoga group contributioL LCNL Table Tennis Club ConutioS Other donatio Gift aid receipts ehfd Income les8 expenscs Contribution- LCNL 1.245 750 80 (o) (o) 887 6,000 273 Bank inferesi re¢¢ivable Residential house rent 38 15.300 44,114 15.300 EXPENDrT RE DepreGiation (note 2) Cleaning, repairs & maintenallce ILsur4n¢e Telephon¢, wifi Water clw8es Busine&s rates ttgal & professional fe Electricity Gos for kitchen only Kitchen sundry item AGM expenses Donation to LCF Other donations Sundry expenses 15.057 17,901 ,953 346 15.745 117,860 1.834 332 1.879 1.990 1.300 7,973 715 5.588 1.089 1.446 41,958 152,165 Operdting Income l (Lo&s) for the Yt4r sUlUs Brought FotTr%•rd sUrph Carried Fonwd 2,156 556.759 558,915 (104.360) 661,118
THE RAGHUVANSHI CHARITABLE TRUST BALANCE SHEET AS AT 28 FEBRUARY 2021 2021 2020 Note FIXED ASSETS (2) 508.960 524,017 CURRENT ASSETS Trade debtors Cash in hand Cash at bank {3) 2.950 124 64.454 67,528 2,200 124 56,051 58,375 CURRENT LIABILITIES Temple/religious fund Other ¢reditors (4} {4) 3,331 14.241 17,572 3.331 22.301 25,63? NET CURRENT ASSETSI(LIABILrriES) NET ASSETS 49,956 32,743 558,916 556,760 REPRESENTED BY Accumulated surplus 558,915 556,759 The Financial Statem¢nls We opproTKed on 22 I Dhi ar Savani Bharnl A Sodha Trustee I Cb*lrperson TrStee l Trea¥urer
THE RAGHUVANSHI CHAIUTABLE TRUST NOTES T THE FINANCIAL STATKMEiYrs FOR THE YEAR Ef4DED 28 FEBRUARY 2021 I ACCOUNTING POLICIES The accounts have be¢n prepared urmkrthc histiCal cost conven¢ithL Tangible fixed as%ets= Depreciation is provided at the following annual ratcs in ler to off eaeh ass over its ¢%tiThated useful life: Fixture& fittin8s and quipment 25•A p.a. a writteth down value basis BuildiTrg5 2Vo p.a. m a straight line basis Land. approximately £1.[ is beingderttciate 2 FIXED ETs La1 & Build1# FIxtyr¢¥ & FittiEqulpt Cost .. As ai l March 2020 Addition Cost .. As ai 28 F¢bnwy 2021 Depreciation= As at l March 2020 Chargt for the year As at 28 February 2021 749.666 105.324 854. 749.(rf)O 105.324 854.990 233.fA)7 12.993 246. 97.OfJ 330.973 15.057 99.130 346.030 Nei B4x)k Value ai 29 February 2020 As at 28 February 2021 515.759 8.258 524,017 6.194 508.960 3 DEBTORS 21121 2020 Rent deplt Othrr debtors 12IM) ,750 2.950 I2IM) 2.•ly) 4 CREDITOJLS 2020 TemPl¢lreligiS fund 5tr•Xr5 Othu creditS Deil5 held 3.331 13.540 701 17572 3.J31 21.2 25,632 5 TemplelReligious Fu*d 021 21120 Brwght forward Arti collections Donations made Carried forward 3.331 2.083 1.248 3.331 3.331 7 Income and expendits Cl¢anin& Repairs and mainLet)anre expense includcs £13,615 of paynKI)t for refurbishment work of the premises.
THE iLiCHUI',V4%HI CH.4RIT.4BLE TRIJST ONIE & EXPENDITURE.4 uNr FOR THE I'EAR ENDED 28 FEBRUARY 20 2019 IP4COME 500 19.850 HiTvoI'Hall & furnitsw¢ iAkna Cri¢ket ClubaynthTrAtti L1¢ce YLreivabk LCNL&xial yogllwupciM]triit1O LCNL TableT(nISt1ubthl¥Ls 0thLrdonotiLs GiAid TLWV BhajatLIMehfil bKomt C(mlributi- LCNL B3nk intLYtttTrwYabk R(sidartial h(XLsetht 750 27.(KKk 1245 7Y) 8x7 ON(rt ?73 15.3UU 47005 15JW EXPENDITURE 1XTttCilI - IMrte21 CltyJin8. rqAif5 & 15.057 I7.1 1.953 15.745 117,860 lJ34 33? Its79 Tdqthone. rI Btt4intss LLYI &wJfi55iLwI fc 1.3 7.973 5.58 Ges fLkikn ClY Klty.hL sundry itffl AGM tknatim l(b LCF 1.089 Sutvjty exp 41.951 1.41165 OperBting t01{%$) ftytheycar SuTpIu5 Bmught 5u¥p]UsCaitII F(nvard -l(H.3fAI 661.118 556.758 THE RACHUI-ANSHI CH,IRfT.4BLE TRvsr BALANCE SH %AT FEBRUAR zi 2•21 2020 FIXED 524.017 CURRENf T[le [kAS Cash in Hthj ai Bonk 2.9S) 124 56.051 58.375 64.454 67.518 CURRE1 LIABILrriES Tempkwreligl(rt + Stt we5 3J31 3J31 •?.301 5.03? {4) 17.57? r CURRETr A&sEfs 1{LIABILITJ 49.956 558.916 3?.743 SW760 REPRE%EP4TED BY Swplus &$6.7.$9 The Fina1 werearffknryj Trnsttti Treasmrer