THE RAGHUVANSHI CHARITABLE TRUST TRUSTEES, ANNUAL REPORT FOR ThE YEAR ENDED 28TH FEBRUARY 2023 Page1 of 11
THE RAGHUVANSHI CHARITABLE TRUST TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 28TH FEBRUARY 2023 Introduction The Trustees present their Annual Report alcry with the finar181 statements of the Charity forthe year ended 281h February 2023. The financial $tatements have been prepared in accordance with the accounting kY)licias Sel out on page 6 to the accounts and compty wrth its trust deed. the Chanties Act 2011 and the Statement of Recommended Practice applicable to Charrt preparing their accounts in accordanc& th the Financial Reporting Stsndard applicabb in the UK and Republ of Ir8land IFRS 1021 IssLK 16 July 2014. Alms and obJectl¥es The objects of the Charity are firsty to promote the spiritual t&ichings and the maintenance of the dtxtrings and of the observances that sarve lo promote and manrfest them of the retHJion of the Indian Subconlinenl as practised by members of the Lohana Community of North & N¢)rth Wesl London subscribing to such religion. secondly lo advance education and thirdty to provide recreational for such members of the Lohana Communty in the interest of sock welfare with the obj1 of improwng conditions of lrfe for such persons hawng need of such faCIle$ by reason of their youth. age, infirmrty or disablement. poverty or social and economic circumstsn¢es. Constitutlon The Charity was established by a Charitable Trust Deed on 5 November 1983 as amended from time lo time. It is regisl•red as a Charrty in England & wa wilh registration number 288272. Contact address The main address for contact i$..- Raghuvanshi Charitable Trust Centre Headstone Lane lopp Headston8 Lane British Rail stati¢) Harrow Middlesex PL42 6NG Trustees and officors During th8 nIx1 the Trustees and other ¢rfrer5 *we'.- Chaifperson Se¢rel8ry Treasurer Administrator other Twsté•s Bharat A. Sodha Shalh Mehta Kamalesh H Kantsria Ravindra Tanna Anil Kotacha Silpa Gadhia Urnisha Lakhani Jeet Rughani Meen8 Jasani Bharat Ghdani Dinesh Sonchhatra Sanjay Rughani ILCNL Representth" 8 frryTh 26th Marth 20231 (Ex-offioo as LCNL PreSIdtt frorn 26th March 20231 ILCNL Represenl3tNel (Ex-offirao as LCNL Prdent to 26th Marth 2023) ILCNL RwesentatNè to 26th March 20231 Independent Examlner Shaileen Shah, CTA. FCCA Price Mann Limited Magnolia House, Spring Villa Park, 11 Spring Vtlja Road, Edgware. HA8 7EB. Pagè2of11
THE RAGHUVANSHI CHARrrABLE TRUST TRUSTEES, ANNUAL REPORT (CONT.} FOR THE YEAR ENDED 28TH FEBRUARY 2023 Roservgs policy The Trust's reserve F11¢Y is to maintain a sufficient level of reserves to enable normal operaling activibgs to continue over a petiryj of up to 12 months should a shortfall in income occur and lo take account of potential risks and contingencies wthich may arise from time to timè. Investsnent pollcy and performancè The Trust does not currently hold any investments. The operating in¢ome I110ssI for the year byas £18,203 {2022 - £10.489). The accumuLqted surplus caNied fotward is £587.607 (2022- £569.4041. Public benefft The Trustees have complied wtth the duty in section 4 of the Charities Act 2011 to have due regard to all guidance published by the Charty Commission. Trustsg's responsibiliti The trustee is responsible for preparing the Trustees. Report and the financial statements in accordance wrth applicable law and United Kingdom A¢¢ounting Stsndards (Unitod Kingdom Generally Accepted Accounting Pradi¢el. The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year Vthh give a true and fair view of the state of affairs of the charity and of the incoming rèsour¢gs and application of resources of the charity for that period. In preparing these financial statements. the trustee is required to: Sele Suilable accounting policies and then appty them consistenty.. observe the methods and prinuples in the Charities SORP.. make judgements and estimates that are reasonable and prudent.. state whether applicable accounting slandards have been followed. subieel to any material departures disclosed and explained in the financial statemerrts., prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accourrting records that disckJ$e with reasonable accuracy at any time the financial posilion of the charity and enab it to ensure that the financial statements compty wrth the Charities Act 2011. the Charity IAw)unts and R8POrts} Regulations 2008 and the provisions of the Trust Deed. They are also responsibk for safeguaTding the asset$ of the ¢haTity and hence for tsking reasonable stsps for the prevention and detection of fraud and other irregularf(ies. By order of the Board Bharat A Sodha Chairperson Date: O I Page3of 11
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RAGHUVANSHI CHARITABLE TRUST FOR THE YEAR ENDED 28TH FEBRUARY 2023 I report on the accounts of the Trust for the year endèj 28 February 2023 whh are set out on pages 4t07. Rgspgctive responsibilitios of the Tte and Examiner The Charty's Trustses are responsible for the preparation of the accounts. The Charitls Trustees consider that an audit is not required for this year under tiOn 144(21 of the Charities Aet 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibilty to: examine the ac¢ourrts under section 145 of the 2011 Act.. to follow the procedures laid dovm in the general Directions gNen by the Charty Commission under section 145{5}{b) of the 2011 Act- and to gtate whether particular matters have come to my attention. Basis of indep•nd•nt gxaminevs report My examination was carried out in accordance wilh the general Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also in¢ludes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The proGedures undertaken do not provide all the evidence that would be required in an audit and ¢onsequently no opinion is given as to b¥thether the accounts present a Irue and fair vievl and the report is limited to those matters set out in the statsment below. Independent Examingrf$ statement In conne¢tion with my examination. no matter has wne to my attention: I have completed my examination. I confim that no material matters have come to my atlention in connection vthh the examination vthich gives me use to belbeve that in. any material respect.. the accounting records were not kept in accordance Vth section 130 of the Charities Acl.. or the accounts dÉd not accord with the acfX)unting records" or the accounts did not eompty the applicable requiréments ¢on¢eming th8 fomi and content of accounts set out in the Charities IAccounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fairf ¥iew whth is not a matter considered as part of an independent examination. I have no concems and have come acTQSS no other matters in Connection wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. SHAILEEN SHAH {CTA, FCCA) Magnolia House, Spring Villa Parf(. 11 Spring Villa Road. Edgware. HA8 7EB. ij Page4of 11
THE RAGHUVANSHI CHARrrABL£ TRUST STATEMENT OF FINAWCIAL ACMWTIES FOR TrIE YEAR ENDED 28TH FEBRUARY 2023 Statement of financial activities Incomlng 4.750 8.500 750 57.016 7.000 Tot•1 61,766 61.708 29 409 14,154 43.563 14.154 4Y.563 14.541 43.933 Nt In¢om•ll•xp•ndllyr•l b•forn gaInlI$s•I 18.203 18203 10,489 N•t Incom1•xP*n1r•) Extraordlnary rt•mi TY•n¥l•rn betsY¢n fvnd• l)th•rr•cownlMd g•Wlty•••¥l: 18.203 18203 10,489 11203 18.203 569.404 $87.607 569.404 587,607 558.91S 669,404 P•3bS af11
THE RAGHUVANSHI CHARABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 28TH FEBRUARY 2023 Balance sheet fund funth fund¥ Total St•T Fixed assets Tanylbh •¥¥•ts .265 65 480,26 494,419 Curront assets Dobtor• Cash at bank and in hand I7) 11.100 11.11)0 78.934 82.534 Tot•1 cunwtass•ts 112.788 112.788 Credltorn: amounts f4ling du• whhln ont yoar 7.547 107.342 107.342 74.987 687.807 S17.607 S69,406 Funds of the Charlty UnrnBtri¢t•d fvndi 587,607 587.607 587.607 569.406 S69A06 587,607 Slgn•d tyon• ort1 on b•lA olallth• tVWkn• 8lgn*J Print Nam• approv•1 <ldlm BharatA Sodha Kamalesh Kantaria Pwe6of11
THE RAGHLIVANSHI CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28TH FEBRUARY 2023 Notes to the accounts 1.1 Basis of accounting These accounts have been prepared under the historical cost Convention with itemg recognised at cost or transaction value unless olherwise stated in the rekvant note{sl to these accounts. The a¢counts have been prepared in accordance wilh the Statement of Recommended Practice: Accountin9 and Reporting by Charities preparing their acunIS in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 Juty 2014 and with the Charikne3 Act 2011. 1.2 Going concem There are no malerial uncertainties related to events or conditions that cast significant doubt on the charitys ability to continue as a going concern. The Trustees are confident that the organisation can continue as a going concem for a pericJ of at least t+1Ve mnths from the date of approval of these financial slatements. The Trustses have a reasonable expectation that the organisatN)n ha$ adequate resources to ontinue in operation for the foreseeable future. Thus, the trustees eonlinue to adopt the going concem basis of a¢unting in preparing the financial statements. 1.3 Change of accounting pollcy The accounts present a true and fair view and the accounting policies adopted are those outlined in nots 2. 1.4 Changes to aecounting estimates No changes to accounting estim8tes have occurred in the rewrbng period. 1.5 Material prfor year errors No material prior year error have been identified in the reporting pericrfl. 2.1 Income Recognttion of incomo These are included in the Statement of Financial ActNities (SoFA} when: the charty becomes enltlled to the resources.. it is more likely than nol that the trustees will re[we the resour¢es: and the monetary value can be m&ured wrlh sufficient reliabilty. Offsotting There has been no offsetbng of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Page7of 11
THE RAGHUVANSHI CHARABLE TRUST NOTES TO THE ACCOUNTS {CONT.) FOR THE YEAR ENDED 28TH FEBRUARY 2023 Notes to the accounts Icontl Grants and donations Grants and donations are onty included in the SOFA when the general income recognition criteria are met 15.10 to 5.12 FRS102 SORP). Government grants The charty has not received government grants in the portIng period Tax reclaims on donations and gifts Gift Aid receivable is included in income there is a valid de¢laration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the inibal donation unless the donor or the term$ of the appeal have specified othewse. Support costs The charity has incurred expendrture on supwrt Costs. Income from interesl royalties and This is included in the accounts vthen receipt is probable and the amount receivable can be measured reliabty. Income from membership subscriptions Membership subscriptions received in the nature of a gfft are recognised in Donations and Lega¢ie5. Sèttlement of insurance claims Insurance claims are onty included in the SOFA when the general income recognition criteria are met 15.10 to 5.12 FRS102 SORPI and are included as an item ofother income in the SOFA. 2.2 Expendlture and Llabilities Liabillty recognition Liabilrtieg are recognised where rt is more likety than Mt that the is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured wf(h reasonable certainty. Govemanco and support costs Support costs have been allocated befven govemance sts and other 5UPPOrt. Governance costs comprise all costs invofving public accountability of the charty and its compliance with regulation and aood practice. Creditors The ¢harity ha$ creditors which are measured at settlement amounts less any trade di5COUnts Provisions lor liabllltlos A liability is measured on recognition at its historical cost and then subsequentty measured at the best estimate of the amourrt required to setue the obligation at the reporting date Page8¢f 11
THE IiAQHUVANSMI cHARABLE TRUST NOTES TO THE A¢¢OUNTS ICONT.I FOR THE YEAR ENDED 28TH FE8RiIARY 2023 Note5 to the accouiits Icoiiii Tanulbh Ilx•d for u8• ty charfty These are caprtallsed rftw tan be used for rncfe than yw. arwj are vad at co&t The depreciation rates artd method5 Used are dk8doJ in note 62. Debl¢r8 lidudiny tr8dE debtors and10gns r•c8i•thl are measured on Inal rawnrfiDn at 5ettkmenl amount afterany trade dK8counts or nount adv4nc8d tytha charty. Subxqwty. are measured aithe c4sh or otherconsvJpralb)n exF4Cted lo be recw1. fun& SSB Donalio and1ogade%'. Donations ond Grft A*1 diae5 4.79) charit Membet5hp subscrwr spwoornhpjs Donated oods. setvice5 other 7YJ 4.750 Charftable vSY¢s.' New Patrons 750 791 Other tradlng Hwe of Hal & rour Rentfrem RÈsKlenbal unit contrirtIon from LCNL 35,416 15.600 22.696 15.61 other 67,016 38.171 Income Irom Inv•strngnts: Interest income DNklend incorne Rent81 and s1 Tcrt•l Soparats materlal fit•m of Income.. cowt) 19 Grant 7,000 TOTAL INCOI 5V21 P•J89L¢11
NOTES TO TFE A¢¢OUNTS ICOPIT.) FOR THE YEAR ENOED 24TH FEBRU•RY 2025 D• 6Dv•rnmont gr•rt 1 T+xal COlnD Ig ¢ 0th4r T¢411 Thhy lund•: Rtt Cdction. 29.392 Totd •xpdIuM•ty fund• 29.32 14 154 14154 43 14.154 14154 43 14.541 14 541 14,541 933 Total olhqr•Xpltur• TOTNL EXPEP4YmJP£ Ilot•6 6.1 Costorv•hw FtsWr Totst 749.8ee Addthn$ oL4 SLWRB 25% 269.&93 100878 DW 380.$71 Inwirme TransfeAs' At4ndf*th• 14.154 101 143 IIAt valu• 4x411 Pyiou111
THE RAGHUVANSHI CHARABLE TRUST NOTES TO THE ACCOUNTS IcoKr.I FOR THE YEAR ENDED 28TH FEBRUARY 2023 Notes to the accounts Iconti 7.1 Anaty•l• of debtorn.- This year Last y•aT Rent d•postt Trnd• debtorj 1.200.0 9,900.0 1,200.0 2,400.0 .1 Anal of cr•dMo Amounts falling du• wlthln onè Thls yOaT Last y•ar Amounts f4lllng due aftèr mor• than one Th1• year Last year Trdd• er•ditor¥ Oth•r CrltOrS 2.1¢)0 4.716 2,831 Total Thls y•ar Last year Ca8h at bank and on h#nd Totsl 101,688 78,934 10.1 Ttr remuneratlon and benefits None of the trustee5 have paid any rèmuneralion ty any other bfrn8fft¥ from an empbyment with thrCharty or a relatèd entity this year or last year. 10.2 TNsleo8' expenses No twslee expenses have b8en incurred 10.3 Tran8¥Gtlonls> wlth r•laled partl•• There ha been no rdated party transa(*ons in the rewvting peric4J thi$ year or ts last year. Page11 crf11