REGISTERED CHARITY NUMBER: 702853 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR SHREE WANZA COMMUNITY LEICESTER IA Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD
SHREE WANZA COMMUNITY LEICESTER CONTENTS OF THE FINANCIAL STATEMENTS For the ear ended 31 December 2023 Page Legal and administrative information Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6t07 Detailed Statement of Financial Artivities 7toll
SHREE WANZA COMMUNITY LEICESTER Legal and administrative information Trustees Hasmukh Devji Nandha Navin Ravilal Gohil Govind Jivan Shikotra Sunil Dayalal Sonigra Jayendra Jamnadas Parmar Executive Committee Subhash Zaverilal Bhundia President Dillan Vinod Shikotra Vice President Milan Hansraj Sonigra Secretary Mayur Govind Shikotra Assistant Secretary Narendra Keshavji Shikotra Treasurer Pankaj Prabhudas Mandaliya Assistant Treasurer Committee Members Rajesh Devji Mandalia Mukesh Madhavji Shikotra Dinta Satish Visavadia Ashwin Sevaklal Solanki Beena Narendra Shikotra Beena D Parmar Sunita Milan Sonigra Krunal Bhagwanji Makwana Jatin Jayprakash Parmar Rakesh Bhupat Gohil Charity number 702853 Reglstered office 31 Pasture Lane Leicester LEI 4EY Accountants IA Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building Leicester LE4 6GD Bankers Barclays Bank PLC Haymarket Towers Leicester LE87 2BB Page 2
SHREE WANZA COMMUNITY LEICESTER REPORT OF THE TRUSTEES For the ear ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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 l January 2020). STRucfuRE, 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 DEfAILS Registered Charity number 702853 Principal address Pasture Lane Leicester LEI 4EY Trustees Navin Ravilal Gohil Govind Jivan Shikotra Hasmukh Devji Nandha Jayendra Jamnadas Parmar Sunil Dayalal Sonigra Independent Examlner IA Accountancy Chartered Certified Accountants 262 Catherine Street Diamond Business Building eicester 46GD Approved by order of the board of trustees on 15 September 2024 and signed on its behalf by: Hasmukh Devji Nandha Trustee Govin Trustee Jivan Shikotra Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE WANZA COMMUNITY LEICESTER Independent examiner's report to the trustees of Shree Wanza Communlty Leicester I report to the charity trustees on my examination of the accounts of Shree Wanza Community Leicester (the Trust) for the year ended 31 December 2023. Responsibllitles and basls 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 examlner'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) IA Accountancy Chartered Certified Accountants 262 Catherine Street amond Business Building Leicester LE4 6GD Date: .. .. . . Page 3
SHREE WANZA COMMUNITY LEICESTER STATEMENT OF FINANCIAL AcfiviTIES For the ear ended 31 December 2023 2023 Unrestricted fund 2022 Total funds Notes INCOMING RESOURCES Voluntary & Hall Hire Income 46,317 48,022 Other income 2,576 2,667 Total 48,893 50,689 PENDITURE ON Costs of generating income and for charitable activities 31,833 28,768 Governance Costs 1,038 769 Other 19,855 17,201 Total 52,726 46,738 NEf INCOME / (EXPENDITURE) (3,833) 3,951 RECONCILIATION OF FUNDS Total funds brought forward 501,304 497,353 TOTAL FUNDS CARRIED FORWARD 497,471 501,304 The notes form part of these financial statements Page 5
SHREE WANZA COMMUNITY LEICESTER BALANCE SHEET as at 31" December 2023 2023 Unrestrlcted fund 2022 Total funds Notes FIXED ASSETS Tangible assets 385,288 391,522 CURRENT ASSETS Debtors Cash at bank 3,916 111,317 2,516 112,322 115,233 114,838 CREDITORS Amounts falling due within one year (3,050) (5,056) ET CURRENT ASSErs 112,183 109,782 TOTAL ASSETS LESS CURRENT LIABILITIES 497,471 501,304 NET ASSETS 497,471 501,304 FUNDS Unrestricted funds 497,471 501,304 TOTAL FUNDS 497,471 501,304 th The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2024 and were signed on its behalf by: Govind Jivan Shikotra Trustee Narendra Keshavji Shikotra Treasurer The notes form part of these financial statements Page 5
SHREE WANZA COMMUNITY LEICESTER NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 December 2023 ACCOUNTING POUCIES 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 l January 2020),, 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. Government Grants (COVID-19 support) Grants received during the year are not repayable and have been recognised as income. 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. Freehold Property Fixtures and fittings 2Yo on straight line basis 25Yo on reducing balance Taxatlon 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. Hire purchase and leaslng commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustee< expenses pald for the year ended 31 December2023 nor for the year ended 31 December 2022" Page 6 continued...
SHREE WANZA COMMUNITY LEICESTER NOTES TO THE FINANCIAL STATEMENTS- continued For the ear ended 31 December 2023 TANGIBLE FIXED ASSETS Fixtures and Flttings Freehold Property Totals COST At l January 2023 Additions 709,874 111,718 13,621 821,592 13,621 At 31 December 2023 709,874 125,339 835,213 DEPRECIATION At l January 2023 Charge for year 327,363 14,197 102,707 5,658 430,070 19,855 At 31 December 2023 341,560 108,365 449,925 NET BOOK VALUE At 31 December 2023 368,314 16,974 385,288 At 31 December 2022 382,511 9,011 391,522 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 VAT overpayment Other debtors and prepayments 1,290 2,626 2,516 3,916 2,516 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors Taxation and social security (VAT) Accruals 2,400 3,400 1,156 500 650 3,050 5,056 Page 8 continued...
SHREE WANZA COMMUNITY LEICESTER NOTES TO THE FINANCIAL STATEMENTS- continued For the ear ended 31 December 2023 MOVEMENT IN FUNDS Net movement in funds At 31.12.2023 At 1.1.2023 Unrestrirted funds General fund 501,304 (3,833) 497,471 TOTAL FUNDS 501,304 (3,833) 497,471 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 48,893 (52,726) (3,833) TOTAL FUNDS 48,893 (52,726) (3,833) Comparatives for movement In funds Net movement In funds At 31.12.2022 At 1.1.2022 Unrestricted funds General fund 497,353 3,951 501,304 TOTAL FUNDS 497,353 3,951 501,304 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Unrestrirted funds General fund 50,689 (46,738) 3,951 TOTAL FUNDS 50,689 (46,738) 3,951 Pa8e 8 continued...
SHREE WANZA COMMUNITY LEICESTER NOTES TO THE FINANCIAL STATEMENTS- continued for the ear ended 31 December 2023 6 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement In funds At 31.12.2023 At 1.1.2022 Unrestricted funds General fund 497,353 118 497,471 TOTAL FUNDS 497,353 118 497,471 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrirted funds General fund 99,582 (99,464) 118 TOTAL FUNDS 99,582 (99,464) 118 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023 nor for the year ended 31 December 2022. Page 9 continued...
SHREE WANZA COMMUNITY LEICESTER DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the ear ended 31 December 2023 2023 2022 INCOME AND EXPENDITURE Voluntary and Hall Hire Income Donations Membership subscriptions Rental income Gift aid refund 22,069 3,221 13,775 7,252 15,930 3,546 13,019 15,527 46,317 48,022 Other income Government Grants (COVID-19 support) Charitable activities income 2,667 2,576 otal incoming resources 48,893 50,689 EXPENDITURE Cost of Generating Income and for Charitable Activities Rates and Water Insurance Light and Heat Repairs and renewals Hygiene, Cleaning Products & Waste Disposal Parking, Cleaning & Security Telephone Postage, Stationery and Icr Advertising and Website Subscriptions Donations paid od for cultural, community and charitable activities iscellaneous costs for cultural, community and charitable activities Sundries 866 2,629 3,475 3,185 1,817 4,078 641 1,404 335 50 502 5,966 6,104 781 1,061 2,892 2,377 6,881 1,314 4,661 661 50 251 5,616 2,456 548 31,833 28,768 Governance costs Accountancy and related costs 1,038 769 Other Depreciatlon of tangible flxed assets 19,855 17,201 Total resources expended 52,726 46,738 Net Income / (expendlture) (3,833) 3,951 This page does not form part of the statutory financial statements Page 11