Kuberbhai Shivabhai Desai Trust Limited - Charities report - 20.1.6

REGISTERED COMPANY NUMBER: 09463549 (England and Wales)

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 July 2019

for

Kuberbhai Shivabhai Desai Trust Limited

Page

Report of the Trustees

1

Statement of Financial Activities

2

Balance Sheet

3

Notes to the Financial Statements

4

to

7

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the

financial statements of the charity for the year ended 31 July 2019. 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 2015).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee,

as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09463549 (England and Wales)

Registered Charity number

1171007

Registered office

Mortimer House

Clifton Down

Bristol

BS8 4AE

Trustees

K C Desai (deceased 2.5.20)

D Desai

A M Desai

M C Desai

B Desai

Company Secretary

Approved by order of the board of trustees on 24 July 2020 and signed on its behalf by:

A M Desai - Trustee

2019

2018

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2,000

-

EXPENDITURE ON

Raising funds

2

499

637

NET INCOME/(EXPENDITURE)

1,501

(637

)

RECONCILIATION OF FUNDS

Total funds brought forward

(469

)

168

TOTAL FUNDS CARRIED FORWARD

1,032

(469

)

2019

2018

Unrestricted

Total

fund

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

1,872

371

CREDITORS

Amounts falling due within one year

5

(840

)

(840

)

NET CURRENT ASSETS/(LIABILITIES)

1,032

(469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,032

(469

)

NET ASSETS/(LIABILITIES)

1,032

(469

)

FUNDS

6

Unrestricted funds

1,032

(469

)

TOTAL FUNDS

1,032

(469

)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 July 2020 and were signed on its behalf by:

A M Desai - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 2015)', Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies

Act 2006. 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.

Taxation

The charity is exempt from corporation 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.

2.	RAISING FUNDS

Raising donations and legacies

2019

2018

£

£

Support costs

499

637

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2019 nor for the year ended

31 July 2018.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2019 nor for the year ended 31 July 2018.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

EXPENDITURE ON

Raising funds

637

NET INCOME/(EXPENDITURE)

(637

)

RECONCILIATION OF FUNDS

Total funds brought forward

168

TOTAL FUNDS CARRIED FORWARD

(469

)

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Accruals and deferred income

840

840

6.	MOVEMENT IN FUNDS

Net

movement

At

At 1.8.18

in funds

31.7.19

£

£

£

Unrestricted funds

General fund

(469

)

1,501

1,032

TOTAL FUNDS

(469

)

1,501

1,032

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

2,000

(499

)

1,501

TOTAL FUNDS

2,000

(499

)

1,501

Comparatives for movement in funds

Net

movement

At

At 1.8.17

in funds

31.7.18

£

£

£

Unrestricted funds

General fund

168

(637

)

(469

)

TOTAL FUNDS

168

(637

)

(469

)

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

-

(637

)

(637

)

TOTAL FUNDS

-

(637

)

(637

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.8.17

in funds

31.7.19

£

£

£

Unrestricted funds

General fund

168

864

1,032

TOTAL FUNDS

168

864

1,032

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

2,000

(1,136

)

864

TOTAL FUNDS

2,000

(1,136

)

864

7.	RELATED PARTY DISCLOSURES

During the year the company received donations in the sum of £2,000 (2018 £Nil) from Barker Care Limited.

MC Desai and AM Desai, trustees and directors of the company are also directors and shareholders in Barker Care

Limited.