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REGISTERED COMPANY NUMBER: 07160741 (England and Wales)
REGISTERED CHARITY NUMBER: 1146176














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

B. J. Mehta Foundation

B. J. Mehta Foundation






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3

Notes to the Financial Statements 4 to 6

B. J. Mehta Foundation (Registered number: 07160741)

Report of the Trustees
for the Year Ended 31 March 2023


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 March 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 1 January 2019).

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
07160741 (England and Wales)

Registered Charity number
1146176

Registered office
42 Farm Avenue
London
NW2 2BH

Trustees
Professor Atul Mehta
Dr Kokila Mehta

Approved by order of the board of trustees on 8 February 2024 and signed on its behalf by:





Professor Atul Mehta - Trustee

B. J. Mehta Foundation

Statement of Financial Activities
for the Year Ended 31 March 2023

Period
1.3.21
Year Ended to
31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 17,173 2,180

Charitable activities
Resources Expended (15,282 ) (2,187 )
Total 1,891 (7 )
NET INCOME/(EXPENDITURE) 1,891 (7 )


RECONCILIATION OF FUNDS
Total funds brought forward 30,916 30,923

TOTAL FUNDS CARRIED FORWARD 32,807 30,916

B. J. Mehta Foundation (Registered number: 07160741)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 32,807 30,916

NET CURRENT ASSETS 32,807 30,916

TOTAL ASSETS LESS CURRENT
LIABILITIES

32,807

30,916

NET ASSETS 32,807 30,916
FUNDS 5
Unrestricted funds 32,807 30,916
TOTAL FUNDS 32,807 30,916

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 8 February 2024 and were signed on its behalf by:





Atul Mehta - Trustee

B. J. Mehta Foundation

Notes to the Financial Statements
for the Year Ended 31 March 2023

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 2019)', 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.

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. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the period ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the period ended 31 March 2022.


3. STAFF COSTS

The average monthly number of employees during the year was as follows:

Period
1.3.21
Year Ended to
31.3.23 31.3.22
Trustees 2 2

No employees received emoluments in excess of £60,000.


B. J. Mehta Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,180

Charitable activities
Resources Expended (2,187 )
Total (7 )
NET INCOME/(EXPENDITURE) (7 )


RECONCILIATION OF FUNDS
Total funds brought forward 30,923

TOTAL FUNDS CARRIED FORWARD 30,916

5. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 30,916 1,891 32,807

TOTAL FUNDS 30,916 1,891 32,807

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,891 - 1,891

TOTAL FUNDS 1,891 - 1,891


Comparatives for movement in funds

Net
movement At
At 1.3.21 in funds 31.3.22
£    £    £   
Unrestricted funds
General fund 30,923 (7 ) 30,916

TOTAL FUNDS 30,923 (7 ) 30,916

B. J. Mehta Foundation

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund (7 ) - (7 )

TOTAL FUNDS (7 ) - (7 )

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the period ended 31 March 2023.