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REGISTERED COMPANY NUMBER: 12966630 (England and Wales)
REGISTERED CHARITY NUMBER: 1195762
















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SANGEET GLOBAL LIMITED

SANGEET GLOBAL LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3

Notes to the Financial Statements 4 to 7

SANGEET GLOBAL LIMITED (REGISTERED NUMBER: 12966630)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 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 October 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
12966630 (England and Wales)

Registered Charity number
1195762

Registered office
13-17 Hursley Road
Chandler'S Ford
Eastleigh
SO53 2FW

Trustees
M Jamthe Director
T Kumar Director
J Ray Director

Company Secretary

Approved by order of the board of trustees on 28 August 2024 and signed on its behalf by:





T Kumar - Trustee

SANGEET GLOBAL LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2023

31.10.23 31.10.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 9,978 8,734

EXPENDITURE ON
Raising funds 2 3,081 8,504


NET INCOME 6,897 230


RECONCILIATION OF FUNDS
Total funds brought forward 5,416 5,186

TOTAL FUNDS CARRIED FORWARD 12,313 5,416

SANGEET GLOBAL LIMITED (REGISTERED NUMBER: 12966630)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 6 1,236 722
Cash at bank 11,077 4,694
12,313 5,416

NET CURRENT ASSETS 12,313 5,416

TOTAL ASSETS LESS CURRENT LIABILITIES 12,313 5,416

NET ASSETS 12,313 5,416
FUNDS 7
Unrestricted funds 12,313 5,416
TOTAL FUNDS 12,313 5,416

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 28 August 2024 and were signed on its behalf by:





T Kumar - Trustee

SANGEET GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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.

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
31.10.23 31.10.22
£    £   
Donations - 820
Event Costs 2,117 6,867
Website and publicity 749 324
Insurance 90 90
Travel 58 -
Support costs 67 403
3,081 8,504

3. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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



SANGEET GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. STAFF COSTS

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

31.10.23 31.10.22
Directors 3 3

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

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 8,734

EXPENDITURE ON
Raising funds 8,504


NET INCOME 230


RECONCILIATION OF FUNDS
Total funds brought forward 5,186

TOTAL FUNDS CARRIED FORWARD 5,416

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 1,236 722

7. MOVEMENT IN FUNDS
Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 5,416 6,897 12,313

TOTAL FUNDS 5,416 6,897 12,313

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 9,978 (3,081 ) 6,897

TOTAL FUNDS 9,978 (3,081 ) 6,897


SANGEET GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.11.21 in funds 31.10.22
£    £    £   
Unrestricted funds
General fund 5,186 230 5,416

TOTAL FUNDS 5,186 230 5,416

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 8,734 (8,504 ) 230

TOTAL FUNDS 8,734 (8,504 ) 230

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

Net
At movement At
1.11.21 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 5,186 7,127 12,313

TOTAL FUNDS 5,186 7,127 12,313

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 18,712 (11,585 ) 7,127

TOTAL FUNDS 18,712 (11,585 ) 7,127


SANGEET GLOBAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2023.