REGISTERED CHARITY NUMBER: 511902
TRUSTEES' REPORT AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 2024
| Page | |
|---|---|
| Trustees' Report | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 to 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
THE LEICESTERSHIRE BRAHMA SAMAJ
TRUSTEES' REPORT
for the year ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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
Mr Madhu Shastri Mr Rashmikant Joshi Dr Hemantbhai V Trivedi Mr Bhadrashil V Trivedi Dr Jaydeep Joshi
Independent Examiner
1A Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................... M Shastri - Trustee
Page 1
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 2024.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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: .............................................
Page 2
THE LEICESTERSHIRE BRAHMA SAMAJ
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 87,928 Investment income 2 - Total 87,928 EXPENDITURE ON Raising funds 3 48,992 Charitable activities Chartiable activities 31,981 Other - Total 80,973 NET INCOME 6,955 Transfers between funds 10 3,547 Net movement in funds 10,502 RECONCILIATION OF FUNDS Total funds brought forward 213,054 TOTAL FUNDS CARRIED FORWARD 223,556 |
2023 Total funds £ 55,720 1 55,721 - 500 49,563 50,063 5,658 - 5,658 213,054 218,712 |
|---|---|
The notes form part of these financial statements
Page 3
THE LEICESTERSHIRE BRAHMA SAMAJ
BALANCE SHEET
31 March 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 253,325 CURRENT ASSETS Cash at bank and in hand 1,051 CREDITORS Amounts falling due within one year 7 (30,820) NET CURRENT ASSETS (29,769) TOTAL ASSETS LESS CURRENT LIABILITIES 223,556 CREDITORS Amounts falling due after more than one year 8 - NET ASSETS 223,556 FUNDS 10 Unrestricted funds 223,556 TOTAL FUNDS 223,556 |
2023 Total funds £ 251,344 2,589 (23,001) (20,412) 230,932 (12,720) 218,212 218,212 218,212 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. M Shastri - Trustee
The notes form part of these financial statements
Page 5
THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024
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.
Page 6
continued...
THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
2. INVESTMENT INCOME
3.
| Bank interest received RAISING FUNDS Raising donations and legacies Support costs |
2024 £ - 2024 £ **48,992 ** |
2023 £ 1 2023 £ - |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 55,720 |
| Investment income | 1 |
| Total | 55,721 |
| EXPENDITURE ON | |
| Charitable activities | |
| Chartiable activities | 500 |
| Other | 49,563 |
| Total | 50,063 |
| NET INCOME | 5,658 |
continued...
Page 7
THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 April 2023 Additions At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 |
Freehold Plant and property machinery £ £ 239,688 - - 4,100 239,688 4,100 239,688 4,100 239,688 - |
Unrestricted fund £ 213,054 218,712 Fixtures and fittings Totals £ £ 9,537 249,225 - 4,100 9,537 253,325 9,537 253,325 9,537 249,225 |
|---|---|---|
6. TANGIBLE FIXED ASSETS
continued...
Page 8
THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024
| 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors 8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 9) 9. LOANS An analysis of the maturity of loans is given below: Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 10. MOVEMENT IN FUNDS Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 213,054 6,955 TOTAL FUNDS 213,054 6,955 |
2024 £ 30,820 - 30,820 2024 £ - 2024 £ - Transfers between funds £ 3,547 3,547 |
2023 £ 22,501 500 23,001 2023 £ 12,720 2023 £ 12,720 At 31.3.24 £ 223,556 223,556 |
|---|---|---|
continued...
Page 9
THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 87,928 TOTAL FUNDS 87,928 Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund 213,054 TOTAL FUNDS 213,054 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 55,721 TOTAL FUNDS 55,721 |
Resources Movement expended in funds £ £ (80,973) 6,955 (80,973) 6,955 Net movement At in funds 31.3.23 £ £ 5,158 218,212 5,158 218,212 Resources Movement expended in funds £ £ (50,563) 5,158 (50,563) 5,158 |
|---|---|
continued...
Page 10
THE LEICESTERSHIRE BRAHMA SAMAJ
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2024
10. 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 |
Net movement At 1.4.22 in funds £ £ 213,054 12,113 213,054 12,113 |
Transfers between funds £ 3,547 3,547 |
At 31.3.24 £ 228,714 228,714 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 143,649 | (131,536) | 12,113 |
| TOTAL FUNDS | 143,649 | (131,536) | 12,113 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 11
THE LEICESTERSHIRE BRAHMA SAMAJ
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 71,043 | 44,609 |
| Gift aid | 13,518 | 9,408 |
| Box collection income | 3,362 | 1,703 |
| Membership fees | 5 | - |
| 87,928 | 55,720 | |
| Investment income | ||
| Bank interest received | - | 1 |
| Total incoming resources | 87,928 | 55,721 |
| EXPENDITURE | ||
| Charitable activities | ||
| Accountancy fees | 500 | 500 |
| Support costs | ||
| Management | ||
| Light and heat | 10,556 | 6,012 |
| Telephone | 479 | 721 |
| Building work expenses | 31,430 | 37,054 |
| Pooja expenses | 2,200 | - |
| Event expenses | 27,863 | 75 |
| 72,528 | 43,862 | |
| Finance | ||
| Insurance | 2,868 | 2,507 |
| Postage and stationery | 107 | 688 |
| Sundry expenses | 587 | 2,506 |
| Bank charges | **51 ** | - |
| 3,613 | 5,701 |
This page does not form part of the statutory financial statements
Page 12
THE LEICESTERSHIRE BRAHMA SAMAJ
| Finance Information technology Repairs and renewals Other Food costs Total resources expended Net income |
DETAILED | STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2024 2024 2023 £ £ 670 - 3,662 - 80,973 50,063 6,955 5,658 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13