UJAPATI ARYA ASSOCIA ST GISTE ED CHA 515332 ACCOUNTS FOR T NDED31ST DEC 2025
Page 1 GUJARATI ARYA ASSOCIATION - LEI ACC YEAR ENDED 31ST OECEMBER2025 STER CONTENTS Charity information Trusts8s R&port Independent Examinef8 Roport ' ststernent of F[nan¢l Activitie8 Balance Sh8et No186 to Ihfj aocounts 7-10
Page 2 GUJARATI ARYA ASSOCIATION- LEICESTER Truste 8lpln Chauhan lfj'sh0rbh G Solan Prawnbhai B Parmar prav1nbh M Parmar Vijay J Rolhod Mana Presldent Vlo• Prnsldont S•¢rttary As$l$L Secretary Treasurer A•slst TrSu10T Cultural Secretary Asst. Cultutral Sretary Stor•ke•p•r em Dhirajlal Chauhan Kokllg Pormar I ragronédl Amralbhai J Chauhan T8Nla Chauhan B8btbbhai N Rèthod Navin C Parmar Hershey Champ8neri nd J Chauhan Jaodl¥h Gopal Charlty NuMb•r 515332 Charlty Communlty C•ntr• 49 Hll¢*ard Road Leicthr LE4 5GG Charlty Offtc 49 Hityard Road Lelce61er LE4 5GG Indpendent Examlner Par88h J Parmar Bankers N8tsve8t Bank FIC
Page 3 GUJARATI ARYA ASSOCIATION LEICESTER REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 The TTU8te85 8ubrnrtthgir gnnual rsport 8ntJ th$ ffnanool statements for the year gnded 3181 Deeambgr 2025 The members have aéopted the provIon$ of Staternent of Recommend Practice ISORPI" Accounbng and Reporb"ng by Charthes" issu8d in March 2005. Inlstratlve Informatlon GUJARATI ARYA ASSOCIATION- LEICESTER 515332 49 Hildyard Road, Leicester. LE4 SGG Pah J Parmar Natrt Bank p Charity Narne Chanty Numbar CFtarity Addra$8 Indpendent Examiner 8anker8 USTE The Trustse8 during the year under ikniwerè.. Kishorbhai G Solan Pravinbhai 8 Parmar 8Spln Chauhan Vijay J Rathod Pravin M Parmar Prèsident Vl¢$ Prgddent Secretary A88E8t. Secret8ry Treaeurer A8sBI. Treasurer Cultural Seoretsry A$8t. Cuftulral S¢¢rotsry stoiekeeper Dhirajlal Ch8uhan Kokila PamiaT I rwgn8dl Amratbhal J Chauhan Tanuja Chauhan 8gbubhai N Rathod Nawn C Parmar Hernh$y Champanorl nd J Chauhan J8gdl$h Gop81 Committee Members lQ6hor M Chauhan Prawn R Parmar Hema Parmar nodbhal K Ghadlall Mr8 Induben B Rathod Mr8 U8haben S Chohan champa41 M Parmar Pr8Jbha Pormar Hke8h Chavda Prabha Gopal 8indu Chauhan Mukesh Bulsara I resbgnedl Dlpak Duo¢h•ndo Parmar I reslgnodl Hari8h Chauhan Pun(t Solan Sharmila Chawda Mukèsh Chohan Rahmika Jthhw• Mina Chouh•n Monica Chauhan The Charty is governed by rt8 Con$lhulion dated 18ttt October 1980 and duly amended subs8qu8ntty. The legal ownership oflhe Charitys moveabl8 and immovgabl8 prop8rty v8sts vilh the Tru8lee8 and th manan9 Committee in respon6iUè fof the managernent of day-IHlay matters, Rrent and Appobnlment of Management Board Thè Trusteos and the man8glno comrnittee are dected every year8 at it8 8nnud géner meeting New Truste88 end managing eommKtée art elected from the membership of the chgrty wrth due congderab'on taken by members as to thelr Bultabilty tréfore bTrg dected in accordan¢g constitution. Trus A6 all trustees must be members ol tho Cttarity, Ih8y are all 18rnth.ar vllth the pra¢lScal work of the charty and ol tts objectives. Appropriats tr•lnlng i¥ prowded a8 required for thr rolés as Trustees and manang commrttee memb8rs.
.'Poge3A GUJARATI ARYA ASSOCIATION LEICESTER REPORTOF THE TRUSTEES FO THE YEAR ENDED 31ST DECEMBER 2025 Risk MaE7a ernent The Tru8tees and rnanaging committee are aware ofthe risks to fundin9 and rèmewthe srtuatr.on #t Tru8tseslCommittee meebng. Appropriata plans to daal wth are in place and are COntinuty monrtored. Procedur8s ar• 80 in placè to monitor the Heth and Safety 01 all ofthe Charws memb8rB and the users ofthe centre. Tho chaAty18 open to the usual financia ri5ko of any Organ8On and the charty hag introduced contro18 to minbrnkrye the8e risk8 8uch a8 kn gnatureS being rèquire(1 lor p8ymentfrom the bank 8¢¢ounts. The treasurer provides monthty finaneial 5tat8rn8nts which are explained to the management committee alld are op8n for membeffs inspecllon al any ttme. anisational Structurn (?ujarat' Arya Association L8icester has 8 *ru$t board cowprLging ofd8ct•d 5 m•mb•r6. and management commrtiee of23 electod mambars who rneet regularly and are reSpone lor the the 8trat8glc drection and pollc.y of the Society. "rhe Management Commlttè8 work a8 a tsam with 8 schema of d8legatton in F48CO to •n8ura the chartty daliv6 ¢ nd m8intsin8 the 3eMce8 Bpecnled. Oble¢tlve¥ 4rKI A¢tlvltl•$ The charty's object and its principal r6 th•t of S?n9 mdnly but not exdu8fvdy the Bocid , ¢uKur•l and rahgious needs of Gujarab" Mo¢hi cornrnunty ortglnalng Irom 80uth western Gul8rat and now living In Ld¢e51er&ttire and Bvirounding area8. Achlevements and Performance Th8 TDJ8ts88 con8id8rthat thè performan¢& ol tho Charity y•ar has b•on tlActOry. The Charity IB grateful for the effort8 of itB rnanagement cornrnlttee, co opted mernbe 8nd oth¢r volunleor8 who are involved in providing their 8arvice to promote charty'8 objects'ves. It has not b8en posslt4¢ to qugn volunteor hour8 provldod In the yoar. Flnan¢l•l R6vl•w The Stat6rnent of Financial Acbwlles 8how8 net surplus for Ihey8ar of Datalls of mov•mant8 In Fix8d A880ts ar8 86t out In nots 8 to the Accounts. The Fioehold land ond buildngs h8va not b8en valv8d but tt mantained in good repoli •nd worth 8ub8tsnlaly more than ts cost valua. Principle Funding Sour$ Funds are collected through hiring of the comrnunity Cèntro. organi8lng r¥lglou8 gnd cullurd feslNEJ8 and voluntary donation8 to finance chanty8 athM'e6 Investment Pollcy he tru8t88s havo inv68ted moni88 in inlere8t beartng deptsBf( aeeounts, vthlch th8y Intand to continue In th foie6eeabl8 future. Yl88•rv•s Poll¢y l., is thts poly of tho chartyto meintsin unre8tn.cted fundB. whlch are the fr¢è re8er¥88 of tho ch8nty 81 a level which required to megt its objectives of appr0MatelY Sr months unre8tsict8d expandituro. Thi8 provide8 sufficient fvnd8 to cover rnanagemgnl and admlnhtrabvo ¢08ts for the charty. The Board rewiews this periodically. £49,588 (2024 £50,1.
Page3B GUJARATI ARYA ASSIXIATION LEICESTER REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31ST DECEMBER 2025 Plans forfuturo yrlods The charity plans conts"nuing the aCtiV.8S oulined above in the ensuing y98r8 ¥ubjectto obtsinlng 8at48factory funth'ng arrangèmènts. Tho Charity having pur¢hB6ed edjoining fr8ehold building8 18 in the proce58 of obtsining has bank borrowngs. ResponsIblliti of Management Board STATEMENT OF TRUSTEES. RE The tru6ts•s are required under the Charth"es Act 2011 to pr8par8 financia ststam8nts for èach finaneia yéar which gwe a true and lair ¥new olthe financial actsv.e of the charrty and of its finanal poeffjon al the end of that yaar. In preparing those financial statgrn¢nts, the trustees ar8 required to - 8elect 8UItHtle accounNg poll¢le8 and then appty thèm eon8i8tenUy, - makèiudggmgnts and gsts'mates that ara fèasonotle and prudent., - state whether awicablè 8eeounln9 Standards and stst8m8nts ol recommended practlce have been followed, Subject to any departure8 di8clo8ed and exr91n$d in the fin8n¢ial $tst•mfjnts,' - prépare th8 finanual ststernents on the going concern ba$ unlo68 rt rd inappropiiale to pre8ume that the charlty will continue in opei8lon, The truBlees are rosponwble for malntalnlng prop8r accounlng reeords whleh d¢108 wth reasonable ac¢ur8¢y al anyb.me thè flnancill p0SOn ofthe charty and which 8re 8ufficient to 8ttow and exaIn the charlty'& transac.0 and to •nolJ• th•m to en6ur8 that the financial 8tatsments cornpty with applicat49 law and r•gulation$ (tnrJ•r the Charme8 Act. They are al r8sponsiYe for 88feguarding tha a8•ets of the charty and hence for tsng reasonable Btepglor thè pr8venllon and deledon of fraud and other irregulgrkn'es. The tru81ees are also responwt40 for th? ¢ontsnts ¢fthe trustees report and the re8ponlty of the ac¢ountsnts in relatson to the tru8teeB' report Y6 limited lo examining the report and n6uring tha( on th¢ la¢• ol the r•port thore ar8 no ineon8i8tenc188 Vhth the fjgure8 d8clo8ed in the finaneAal 8tstements. Approval This i•portwa8 apwoved ty the TnJ8t board on 7th Jun• 2028 and Signed on it8 b8 Pravlnbh41 Tru$ts• Parmar
Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GUJARATI ARYA ASS CIATION LEI ACCOUNTS FOR THE YaqR EMBER 202 I report on tha aeeounts of Gujar8ti Arya A660C4ation {LoIC86tsrl for th8 yaar wdad 31st Dac&mbèr 2025 which are set out on page8 5 to 10 Respeotlve r¢sponslbllllles of Tiugtees, Managemont Cornmitt8è arKI $xamlner As the charitys trustees and Mana9gment Commrttee you are responsible lor thg preparaton ofthe accounts., Th& ¢harWs twslee8 consider that an auttht rs not rU1red for thIB year (under section 144121 of the Chanties Act 20111th& 2011 Act) and that an independent examin.0 18 nead, Th& Charws gross income thd not exceed £500.000 and l am qu8lrfied to undettské thè èxaminabon ty bang a qualffied member ol Association of Chartered Certified Accountant8. Having been 8alv6fted that th¢ ¢h•iity Is not Subject to 8udt and 18 81iglt4a for indèpandant axaminth.on Iti8 my r£8pon81txlity to.. to examlne thé a¢¢ounts under 8ec'on 145 ofth8 2011 A¢t,' lo follow tho pro¢¢dures laid down in th• G•n•ral Olrection8 gwen by the Chfjrity Comrn sectlon 1451SKbl of the 2011 Act,. and on und8r to State whether parts'cular matt8r8 have come lo my attention. l.luls of Indep•nd8nt examln•s r•port kAy 8X8mlnatton wo9 ¢grried In accordance wth the G$n&ml Dlrttclon gNen by tho Chaiity CommI8On. An oxamlnalon Indude8 o oflh• a¢nting record& kept by th• eh&rty and a ¢ompad80n ofthts aecounts weBented wth those racord8. It includes Cond•ratIOn of any unusual Itoms or dfvdosure$ in the occounts , and see.ng explanation8 from you a8 Iru8lee8 concerning any 8u¢h matt¢r8. Th• procedure5 undertaken do not provlde all the (jen¢$ that would be requlred In an aud¢ and ¢¢nswuenUy, no opinloD16 gfven as lo whether the account8 pregenl a'lnjè and lalr Mew, and the report18 limrted to tho80 rnatter8 eet out In the 8tatsment b81ow. 1nd•Ddènt exaffllnerfs statem•nt In th• conne¢tr'on wrth rny examin8tion, no rnatter ha8 come to my attention,, 111 whlch gNes mè r8880nat4e cau8e to bdbv¢ that, Sn any material r88p8c( th¥ requlrem•nt6'. to kgop aKounting recordj In •¢¢ordanco wth section 130 of tha 2011 Aet, and to prepare accounts which accord wth thé 8¢countsng record8 and to comFty wf(h th accounting requirements of the 2011 Act have not baen met., or 121 to which , In my opinion , att8nts.on Should be drawn in order to enable e proper underBtandlng of the ac¢ounts b8 reached. Paresh P4rmar Indppende t Examlner iti) June 2026
Page 5 GUJARATI ARYA ASSOCIATION LEICESTER STATEMENT OF FINANCIAL ACTWMES TH EC MBE 0egnatsd Llnr•stnct•d unre8tiied Notss Totsl 2025 INCOME AND ENDOWMENTS FROM 2024 other In¢omSng Res¢ur¢ Donats'ons and gffts Charitable Athltkn5 Fund rai8ing Venture8 Grant receNed InveBlrnenl Sn¢om* 3,410 3,410 4,086 96.588 ,588 105,648 1,813 1.613 484 Total Income 101,611 101,611 110,218 EXPENDITURE ON Charltable actlvlUe5 Cèntra runninG COBtB 39.780 39,780 39,688 other •xp•ndlturo Fund-rarwng costs 8,281 8.281 10,740 Management and adminhlr8tion 3,897 3,897 9,383 Governance COBts 285 28$ 285,. Total 52,023 52,023 80.074 RECOKILIATION OF FUNDS NET INCOME XPENDITuRe Balance from provlous year 49,588 826,843 49,588 48,225 50,144 898,081 119,582 Funds carrled forward 119,582 876,231 995,813 948.225 Th• notes on pag88 7 to 10 form part ol Ihgse a¢¢¢unts
Page 6 JARATI ARYA ASSOCIATION BALANCE SHEET AT 31ST LEICESTER 2025 2024 i".XED ASSETS Taiigible Assets Invth)ent NOTES 1,097,159 12,000. 1,100.755 12.000 1,109,1"9 1 112755 URRENT ASSETS Debtor8 Cash al b8nk and in hand 8,228 140,698 10 109,289 148924 Credltor5- amounts lalllng du• within on• yèar 5,164 18,713 N•t curr•nt a•••t•llllNbllltkn•l 143,760 90,578 TOTAL ASSETS L¢¥s', Loan TOTAL ASSETS LESS LIABILITIES 1,252,919 1,203,331 1257,1061 1257,1061 995,813 946,225 12 rUNDS u*¥ignat•d Unre•trlct•d tsnds 13 119,582 119.582 4lnreslrlct•d funds 878.231 826,843 995813 946 225 ACCOUNTS APPROVED ON 7th June 2026 SIGNED ON BEHALF OF THE ASSOCIATION BY: Dhirajlal Chauh•n President Babubhai N Rathod TREASURER Amratbhai J Chauhan HONORARY SECRETARY The nots8 on pages 7 to 10 form part ofthese accounts
Page 7 GUJARATI ARYA ASSOCI ESTER NOTES TO ACCOUNTS FOR THE YWI NDEO 31ST DECEMBER 2025 1. ACCOUNnNG POUCIES Thè pnntypal a¢¢ounb"n9 poliass 8r¢ 8ummaiised below. The accounting policies have been appli8d eonsistenly throughtsutthe year and in the preceding year. lal Basls of accountlng Basi5 01 preparing the financ1 statem•nts The [ar1 statements ol the charity, whlch18 a W1¢ bènell 8nUty uTrJer FRS 102, have b1 pr•par•d In IordIr9 th th8 CFofftk85 SORP IFRS 1021'Accountlng and Repjrtlng by Ch8rf1188.' Statenl of R0mMded Praclce pplatAetD chaittle5 preparh)g thB firwclBI staternenl8 In 4ccorderu wtth the Flnanclal RepgrtiTrJ Standard gwlgble In ts UK and Repu of Ireland IFRS 1021 lelfecllve l J•)ry 20161,, FlnJn¢l•l Rewtlng Standerd I2.The Financlal Reportlng Sland81d ap1¢ab In uKd Ropuwk of Ire1 EFA, Ihe and th• ChaiitMAct 2011. The firAnclol 6taknen18 been pr6pgr•J und¥ th? N8t¢n"Ml cost 0)nV1¢•. Ibl Fund acwuntbng Unre51rkted funth a avallabk for uae atth dh¢retlon ol the nIrneDt Ctfflmltee in furthrw of the g8rral obleclves of charbty DeBlgned funds are urnstrbted funds rMar by the M&nagem8nt CommNle• fLY parucukr purpo. Durlng the yw ended 318t December 2018 re¥rict8d lunds were tated as d•Snated unr68trlct•d lunth. RèBtrtcted ftsrdB are 8thlecl8d lo reBtrkkn8 on 1h8%dUr0 Imposed bythe donor orthrough the term8 01 on ap. Icl Income All Inccffl8 L8 rognI•8d In th• Stat•rrhinl of Fln8ncLql ACIfvttl or•th ch•rfty hqs sntKI•TrrfJnl toth8 fund8, It IB aNe Ihatthe InGomo Ylll be rKewed and the amount can be mea8ured rellabw. The follthrwj 8podfi¢ In pjrucukr arèappll+J to LJorkn• ollncom•.' 111 Where irKome18 reGved by wolqT3nt8, ¢SThtton8 grfts Bnd ro knGIJed In full In the Staternentol Finn4 Ad1vit¥ re¢efvatrAv. Grtrts, wh•ro rè n ¢OndlOn•1 on drfv•ry ola 8p•dflc p•rftymgnc• tyth• ¢h•rfty, recognl•ed vth•n lh• charty become8uncondKlonallyenlilkd lo the grant. (2> Tha valuo of Yoded by volunts•rg haB not bmn Includ•J In Ih•B• flnarKhl stal8rn8ntB (31 Inccfne grants, where rebDted to pertorTronc• ind 8p d81fveraOs, ir• account•a for 88the chorlty en•t rw to¢oMha•rakn Lyi rt• F4rform•nc•. 1¢> Expendltiir• Llillli¢s are re¢ogrf8¢d a6 oypondllure as s¢on 41 Ihw• 1$ i10g or ¢¢•t¢tl oNlgatknn comr1tting Ihe charity lo th81 txw)¢#turè, tt18 wobablèthal a tran8far ot eeommlc neIl 11 b& r•qulr¢d In teWMnl Jnd tho amount of t obl1lIon can mea6ur8d r8118bty. Expendttur¢ b accounled lorm an ¥cruBl• and h&ts been dald he8dlng8 that wegate all co8t re18ted lo the calegory.Whero c08t8caMOt be threcty•Mbut•J to yrloJlir heathry• Ihey have been all818 lo actlIa8 on 8 ba8 ctent wlth the w of re80urce8. lffj Fund accountlng UnrerIEd fLthids aw Wdilabk for u80 81 the d18cr8tknn elthe Maw8rrnl Cunrnlttee In ft¥th6rarK ol the gerral oile¢tlve8 of th¢ dayca ¢eNre De8lgn8tsd funds 8r• unrethf*&l futYl$ earmithd byth• Manaq•)wit Commlttw for •fjcu1aw purposes. Re8trIBt fvnds are $uble¢ted to oTrth.r exF'ture imFX)¥ed bylh&dorK)r orthrryj the tertnsolan ap.
Pgge 8 GUJARATI ARYA ASSOCIATION- LEICESTER NOTES TO ACCOUNTS CEMBER 2025 FOR TH (Q TANGIBLE FIXED ASSETS AND DEPRECIATION Depreatioll on fixed a88ets have been wovided on follov4Sng bsBeB in orderto wnt8 off the co8tover their estimated u8efvl lives. Freehold land and building8 Propety atterations 2% Fi¥Lures and wuipm8nt 20% Given the natur• of fraghold buildings and its expg¢te<l longevty, the tru8tees con8iderthe depreciation Y¢ill be not material in respect of the year end in aggregate. Accordingty no deprecialon Is prowded. . Igl GOVERNANCE COSTS . Thi6 includes cts ofthe preparatn and examinat'on ol 8tslulory account8, the costs oftwstee me8ting8 and cost ol any legal athce to tru8te88 on goV¢rn4n or constitutional mattgrn. Ihl STAFF COSTS No remunef8tion wa8 paid to trustees. Volunteers r& pad honorarium in the amount of £5,99312024 £7,190) 3. Fund ial8lng venture• 2025 2024 In¢omo from hall hlre aro88 Rent receivatrle Incom8 from r81iglou8. 8ou81 & cuttur4 acy¥Atto8 Other Incorne- Souvenir Adverts 45,686 38,210 14.492 45,880 37.985 17.318 I1bltmanl Incom• 2025 2024 Bank intore8t Toceived 329 5. Olr•ct Charltabl& expendlture C8ntr• runnlng costs Volunt8ern honorarium Rates & watèr Llght and heat Insur8nce Cleaning and refu&è Building mantanancè and rapr8 Depreciation 5,993 S,S12 12.960 4.609 3.642 3,368 7.1 11,938 4,399 4,167 4,389 3,987
Page 9 GUJARATI ARYA ASSOCIATION - LEICESTER NOTES TO ACCOUNTS FOR THe YEAR ENDED31ST DECEMBER2025 ORT 6. Fund-Tai5inr expèndlturn 2025 2024 Religious , ¢uf¢uT81 & 80¢i81 acb"M14es •xpendluro Donations made- M8cmillan Appeal and LOROS 6,458 6,534 10740 7. Manag•m•nt and Administratton . Postage. ststs"onery and prlnting ouvenir printing Tèlaphon$ .Affili8ts"on fees and mo8th.ng eypen808 Le9al le Bank charg88 Bank loen intsr8et 29 423 5,040 575- 541 150 2,536 441 134 Gov•rn•nc• colts Trusts¢8 Indornnlty InBur8nce 285 285 8. FIXED ASSETS Fre8hdd Prop•ty land & bld AJteration8 Fi>Xur•8 & equipment Totsl Coll At 1BI January 2025 1,094.097 135,733 101,312 1,331,142 At 318t OaceiTrb•i 2025 1094 097 135733 101312 1331 142 DeprecIaOl At 1st January 2025 Provided in the year At 318t December 2025 130,840 99,547 881 100428 230,387 133 555 233 983 Not book valuè At 31st Decerriber 2025 1094 097 1097 159 At 1st J8tyua.'y 2025 1 094 097 1 100 1.54
Page 10 GUJARATJ ARYA ASSOCIATION . LEICESTER NOTES TO ACCOUNTS FOR THE FOR THE YEAR ENDED 31ST DECEMBER202 Investment 2025 2024 1 Supei A. Share in G A A {LCester) mited 01 £1,000 aach 19 A. Shares in G A A l LCeSter) Limited of £500 each 15'B' Shore6 in G A A l LceSter) rnrted of £100 each 1.000 9.500 1,000 9,500 12024- 15 8,1 The charity holds shares In GAA {Le6rI Llmtted, a ¢ompany In¢orkxJrated In England wh08e membership re8tn.cted to the ChonW8 member8 onty. The company wa8 8pecthcaW formad to ra funds from it8 tsha tssue and to 8881st Charty to pur¢h88è Its Frèehold land and building8. 9. DEBTORS AND PREPAYMENTS 2025 2024 Du¥ wthin on& year 8,226 8226 10. CASH AT BANK AND IN HAND Ca8h at b8nk- current account Cash at bank- Sn9$ account 48,684 83,245 46 044 109289 140698 *•1 f:REDITORS: amount• falllng due wlthln one year Tr8dé cradftorn H811 hire dep08tt8 Eye cemp donatton 13.545 4.947 221 3,477 221 12 CREDITORS: amounts 14111ng du• aftor on• y•ar Loan from G.AA. l L81Ce8 l mit 257,106 2S7 106 257 106 q& FUNDS- OESIGNATED UNRESTRICTED FUNO Bulding Fund Totsl Baance at 18t January 2025 Balance al 31st Dècambar 2025 119582 119582 1195e2 119582 13. FUNDS- UNRESTRICTED FUND Balance at 18t January 2025 Net SUru3 Balance at 3181 December 2025 826,643 49,588 876 231