REGISTERED CHARITY NUMBER: 511902
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
FOR
THE LEICESTERSHIRE BRAHMA SAMAJ
1A Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
THE LEICESTERSHIRE BRAHMA SAMAJ
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2022
| Page | |
|---|---|
| Trustees' Report | 1-2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 |
THE LEICESTERSHIRE BRAHMA SAMAJ
TRUSTEES' REPORT
for the year ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 511902
Principal address
15 Belgrave Road Leicester LE4 6AR
Trustees
M Shastri R Joshi B Trivedi H Trivedi J Joshi
Independent Examiner
1A Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
Page 1
THE LEICESTERSHIRE BRAHMA SAMAJ
TRUSTEES' REPORT
for the year ended 31 March 2022
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 order of the board of trustees on 8 May 2022 and signed on its behalf by:
M Shastri - Trustee
Page 2
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LEICESTERSHIRE BRAHMA SAMAJ
Independent examiner’s report to the trustees of The Leicestershire Brahma Samaj
I report to the charity trustees on my examination of the accounts of The Leicestershire Brahma Samaj (the Trust) for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Dipesh Dodia FCCA, BA (Hons) 1A Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
Date: 8 May 2022
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THE LEICESTERSHIRE BRAHMA SAMAJ
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 105,724 Other income 1 Total 105,725 EXPENDITURE ON Raising funds 2 14,947 Charitable activities Chartiable activities 63,154 Total 78,101 NET INCOME 27,624 RECONCILIATION OF FUNDS Total funds brought forward 189,650 TOTAL FUNDS CARRIED FORWARD 217,274 |
2021 Total funds £ 61,272 - 61,272 - 21,120 21,120 40,152 150,442 190,594 |
|---|---|
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THE LEICESTERSHIRE BRAHMA SAMAJ
BALANCE SHEET
31 March 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 249,225 CURRENT ASSETS Cash at bank and in hand 3,450 CREDITORS Amounts falling due within one year 6 (22,501) NET CURRENT ASSETS (19,051) TOTAL ASSETS LESS CURRENT LIABILITIES 230,174 CREDITORS Amounts falling due after more than one year 7 (17,120) NET ASSETS 213,054 FUNDS 9 Unrestricted funds 213,054 TOTAL FUNDS 213,054 |
2021 Total funds £ 244,423 13,348 (22,501) (9,153) 235,270 (45,620) 189,650 189,650 189,650 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 8 May 2022 and were signed on its behalf by:
............................................. M Shastri - Trustee
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THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022
2. RAISING FUNDS
Raising donations and legacies
| Support costs | 2022 £ 14,947 |
2021 £ - |
|---|---|---|
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 61,272 |
| EXPENDITURE ON | |
| Charitable activities | |
| Chartiable activities | 21,120 |
| NET INCOME | 40,152 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 150,442 |
| TOTAL FUNDS CARRIED FORWARD | 190,594 |
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THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS – continued for the year ended 31 March 2022
5. TANGIBLE FIXED ASSETS
Please note the Freehold Property valuation for the sum of £239,688 denoted below has been extracted from the 31 March 2013 charity accounts.
| Freehold property £ COST At 1 April 2021 239,688 Additions - At 31 March 2022 239,688 NET BOOK VALUE At 31 March 2022 239,688 At 31 March 2021 239,688 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors 8. LOANS An analysis of the maturity of loans is given below: Amounts falling between one and two years: Other loans – 1-2 years |
Fixtures and fittings £ 4,735 4,802 9,537 9,537 4,735 2022 £ 22,501 - 22,501 2022 £ 17,120 2022 £ 17,120 |
Totals £ 244,423 4,802 249,225 249,225 244,423 2021 £ 1 22,500 22,501 2021 £ 45,620 2021 £ 45,620 |
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THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022
9. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
At 1.4.21 £ 189,650 189,650 Incoming resources £ 105,725 105,725 At 1.4.20 £ 150,442 150,442 |
Net movement At in funds 31.3.22 £ £ 23,404 213,054 23,404 213,054 Resources Movement expended in funds £ £ (82,321) 23,404 (82,321) 23,404 Net movement At in funds 31.3.21 £ £ 39,208 189,650 39,208 189,650 |
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THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 61,272 | (22,064) | 39,208 |
| TOTAL FUNDS | 61,272 | (22,064) | 39,208 |
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THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 150,442 150,442 |
Net movement in funds £ 62,612 62,612 |
At 31.3.22 £ 213,054 213,054 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 166,997 166,997 |
Resources Movement expended in funds £ £ (104,385) 62,612 (104,385) 62,612 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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THE LEICESTERSHIRE BRAHMA SAMAJ
| DETAILED INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Box collection income Membership fees Insurance monies received Other income Bank interest received Total incoming resources EXPENDITURE Charitable activities Accountancy fees Support costs Management Light and heat Telephone Building work expenses Pooja expenses Event expenses Finance Insurance Subscriptions Postage and stationery Sundry expenses Other Repairs & renewals Total resources expended Net income |
DETAILED | STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022 |
2022 £ 75,876 15,290 4,640 1,600 8,318 105,724 1 105,725 500 2,871 450 67,504 15 650 71,490 2,357 51 1,653 1,300 5,361 750 78,101 27,624 |
2021 £ 47,503 12,461 1,308 - - 61,272 - 61,272 500 3,167 473 14,854 - - 18,494 2,023 51 52 - 2,126 - 21,120 40,152 |
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