REGISTERED COMPANY NUMBER: 05854972 (England and Wales)

REGISTERED CHARITY NUMBER: 1122165

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GHANSHYAM EDUCATION TRUST

Page

Trustees' Report

1

to

4

Independent Examiner's Report

5

Statement of Financial Activities

6

Balance Sheet

7

to

8

Cash Flow Statement

9

Notes to the Cash Flow Statement

10

Notes to the Financial Statements

11

to

17

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 December 2024. 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).

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Ghanshyam Education Trust (the charity) for the year ended 31 December 2024. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

OBJECTIVES AND ACTIVITIES

Objectives and aims

1) To advance the education of the congregation of Shree Kutch Satsang Swaminarayan Temple (Mandir) London, Kenton Harrow Middlesex by the provision of education and learning to children and young persons which shall be administered in accordance with the tenets and doctrines of the Hindu faith and in particular in accordance with the teachings and principles of Lord Shree Swaminarayan.

2) To enhance the development and education of children under statutory school age by encouraging parents to understand and provide for the needs of their children through community groups.

Significant activities

Factors relevant to the achievement of the charity's objectives

The Charity continues to undertake activities that contribute to the achievement of the stated objectives which are summaries below as well as achieving the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging.

The Charity continues to provide and organise various educational activities for all age groups. The charity relies on grants and income from fees and charges to cover its operating costs. All such activities are supported by a team of volunteers who give support in the functions of maintenance, security, cleaning and special events.

Public benefit

The charity has achieved the public benefit objectives by running the educational activities listed below on behalf of the members of the Shree Kutch Satsang Swaminarayan Temple and their congregation. The activities provide education and learning to children and young persons which are administered in accordance with the tenets and doctrines of the Hindu faith and in particular in accordance with the teachings and principles of Lord Shree Swaminarayan.

The activities provided enhance the development and education of children under statutory school age which also encourages parents to understand and provide for the needs of their children through community groups.

Social investments

Charity's funds are being used in the short term for the running of the Educational activities and subsidies together with improvement of the facilities, hence assisting in the furtherance of the charity and supporting its key objectives.

Volunteers

The charity is grateful for the unstinting efforts of its volunteers who are involved in service provision. We thank all volunteers for the hard work during the year to facilitate the various educational activities, maintenance,security cleaning and organized special events.

The charity continues to ensure that best value is derived from the sterling efforts of our volunteers.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

- The Gujarati School, continues to run successfully every Saturday with over 200 students. During 2024 the GCSE entrants achieved a high standard.

- The Temple contributes immensely to the Ghanshyam Nursery which provides valuable support to the community through Grants and other support.

- The Ghanshyam Nursery School received a 'Good' rating from OFSTED in its most recent inspection.

- The existing facilities maintained by the charity are also provided to facilitate other youth oriented educational and cultural classes, adult English classes and to community groups to undertake IT classes.

FINANCIAL REVIEW

Principal funding sources

The principal funding sources for the charity are currently by way of Educational activities in the Gujarati School, Ghanshyam Nursery and grants.

Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (free reserves) held by the charity are adequate at all times.

To reduce the risk of over expenditure, proper procedures for authorization of all transactions and projects exist. To further mitigate the risks, the Trustees will carry out periodic review of the progress of objectives stated.

FUTURE PLANS

In 2023 the trustees carried out a review of the charity`s activities and produced a medium and long term plan as detailed below to enable it to meet its objectives.

- To identify and invest in facilities geared towards expanding educational, cultural and life

skills for our members and the local community.

- Integrate other educational activities currently running in the building into the Trust.

- Maintain and improve existing Educational facilities and to fulfil our statutory obligation of

hygiene and safety as well as providing a comfortable and congenial environment for activity participants.

- Continue to maintain high standards of the education building.

- Establish relationships with local schools for religious education.

- Organise various courses such as First Aid, Health & Safety etc.

- Participate in other charity work such as fundraising.

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.

The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 22/06/2006 .

Charity constitution

The charity is constituted under a Memorandum of Association dated 22/06/2006 and is a registered charity number 1122165.

Recruitment and appointment of new trustees

The management of the charity is the responsibility of the Trustees who are elected under the terms of the Articles of Association.

Organizational structure

The Charity was registered on the 3 January 2008 and is governed by its constitution.

The Trustees are elected annually by the members and comprises of five (2023: six) advisors. The constitution allows the Shree Kutch Satsang Swaminarayan Temple's (SKSST) managing committee members, who are also the members of the company, to appoint further Trustees.

Induction and training of new trustees

As part of their induction program new Trustees are made aware of their responsibilities. This includes an introduction to the objectives, scope and policies of the charity, Charity Commission information on Trustees' responsibilities and a copy of the constitution. Additional training is available to keep up to date with all new regulations concerning the charity’s activities.

Related parties

GET is a charity and a company limited by guarantee, in which the managing members of Shree Kutch Satsang Swaminarayan Temple are the Guarantors. In the event of the charity being wound up, the liability in respect of the guarantee is limited.

GET runs the activities with the support and guidance from the Temple volunteers and the management committee.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05854972 (England and Wales)

Registered Charity number

1122165

Registered office

Westfield Lane

Kenton

Harrow

Middlesex

HA3 9EA

Trustees

A Bhanderi

A Halai Teacher

S S Rabadia (resigned 31/3/2025)

M K Vaghji (resigned 31/3/2025)

M K Kara Director

A D Rabadia Director

Company Secretary

MEMBERS' LIABILITY

The Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up.

Approved by order of the board of trustees on 31 October 2025 and signed on its behalf by:

A Bhanderi - Trustee

Independent examiner's report to the trustees of Ghanshyam Education Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Hitesh Gadhia

31 October 2025

31/12/24

31/12/23

Unrestricted

Total

fund

funds

as restated

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

589

242

Charitable activities

3

Gujrati School

20,316

22,421

Nursery School

758,560

658,912

Total

779,465

681,575

EXPENDITURE ON

Charitable activities

4

Gujrati School

21,338

19,539

Nursery School

695,756

643,045

Total

717,094

662,584

NET INCOME

62,371

18,991

RECONCILIATION OF FUNDS

Total funds brought forward

As previously reported

36,593

(17,398

)

Prior year adjustment

10

(35,000

)

-

As restated

1,593

(17,398

)

TOTAL FUNDS CARRIED FORWARD

63,964

1,593

31/12/24

31/12/23

Unrestricted

Total

fund

funds

as restated

Notes

£

£

FIXED ASSETS

Tangible assets

11

9,025

12,953

CURRENT ASSETS

Debtors

12

34,945

39,350

Cash at bank

51,666

46,966

86,611

86,316

CREDITORS

Amounts falling due within one year

13

(31,672

)

(97,676

)

NET CURRENT ASSETS

54,939

(11,360

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,964

1,593

NET ASSETS/(LIABILITIES)

63,964

1,593

FUNDS

14

Unrestricted funds

63,964

1,593

TOTAL FUNDS

63,964

1,593

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 31 October 2025 and were signed on its behalf by:

A Bhanderi - Trustee

A Halai - Trustee

Cash flows from operating activities

Cash generated from operations

1

4,700

(1,968

)

Net cash provided by/(used in) operating activities

4,700

(1,968

)

Change in cash and cash equivalents in the reporting period

4,700

(1,968

)

Cash and cash equivalents at the beginning of the reporting period

46,966

48,934

Cash and cash equivalents at the end of the reporting period

51,666

46,966

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31/12/24

31/12/23

as restated

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

62,371

18,991

Adjustments for:

Depreciation charges

3,928

4,326

Decrease/(increase) in debtors

4,405

(37,011

)

(Decrease)/increase in creditors

(66,004

)

11,726

Net cash provided by/(used in) operations

4,700

(1,968

)

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/24

Cash flow

At 31/12/24

£

£

£

Net cash

Cash at bank

46,966

4,700

51,666

46,966

4,700

51,666

Total

46,966

4,700

51,666

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

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.

Hire purchase and leasing 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.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

31/12/24

31/12/23

as restated

£

£

Donations

589

242

3.	INCOME FROM CHARITABLE ACTIVITIES

31/12/24

31/12/23

as restated

Activity

£

£

Gujrati fees

Gujrati School

20,316

22,421

Nursery fees

Nursery School

753,179

649,409

Gujrati fees

Nursery School

-

1,848

Miscellaneous income

Nursery School

5,381

7,655

778,876

681,333

4.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 5)

Totals

£

£

£

Gujrati School

21,088

250

21,338

Nursery School

602,037

93,719

695,756

623,125

93,969

717,094

5.	SUPPORT COSTS

Governance

Management

Finance

costs

Totals

£

£

£

£

Gujrati School

250

-

-

250

Nursery School

90,017

102

3,600

93,719

90,267

102

3,600

93,969

Support costs, included in the above, are as follows:

31/12/24

31/12/23

as restated

Gujrati

Nursery

Total

Total

School

School

activities

activities

£

£

£

£

Rates and water

-

21,173

21,173

2,444

Insurance

-

5,542

5,542

5,239

Light and heat

-

20,333

20,333

16,419

Telephone

-

98

98

525

Advertising

-

1,660

1,660

-

Repairs & maintenance

-

37,283

37,283

36,161

Books & Journals

250

-

250

-

Depreciation of tangible and heritage assets

-

3,928

3,928

4,326

Bank charges

-

102

102

117

IT & Computer costs

-

-

-

35

Accountancy fees

-

3,600

3,600

2,500

250

93,719

93,969

67,766

6.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/12/24

31/12/23

as restated

£

£

Depreciation - owned assets

3,928

4,326

Other operating leases

150,000

130,000

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

8.	STAFF COSTS

31/12/24

31/12/23

as restated

£

£

Wages and salaries

396,127

375,760

Social security costs

25,592

19,744

Other pension costs

5,995

3,250

427,714

398,754

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

31/12/24

31/12/23

as restated

Administrative team

2

2

Teachers & facilitators

17

20

19

22

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

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

as restated

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

242

Charitable activities

Gujrati School

22,421

Nursery School

658,912

Total

681,575

EXPENDITURE ON

Charitable activities

Gujrati School

19,539

Nursery School

643,045

Total

662,584

NET INCOME

18,991

RECONCILIATION OF FUNDS

Total funds brought forward

(17,398

)

TOTAL FUNDS CARRIED FORWARD

1,593

10.	PRIOR YEAR ADJUSTMENT

The prior year adjustment incorporates the correct license fees payable for the previous year.

11.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 January 2024 and 31 December 2024

286,707

85,252

371,959

DEPRECIATION

At 1 January 2024

281,707

77,299

359,006

Charge for year

2,338

1,590

3,928

At 31 December 2024

284,045

78,889

362,934

NET BOOK VALUE

At 31 December 2024

2,662

6,363

9,025

At 31 December 2023

5,000

7,953

12,953

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

as restated

£

£

Trade debtors

34,270

38,675

Other debtors

675

675

34,945

39,350

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

as restated

£

£

Social security and other taxes

18,622

24,607

Other creditors

25,037

25,037

SKSST Creditor

(114,856

)

(77,129

)

Net wages

(439

)

23,542

Accruals and deferred income

12,073

12,073

Accrued expenses

60,829

57,228

Deposits held

29,064

31,064

Nest pension creditor

1,342

1,254

31,672

97,676

14.	MOVEMENT IN FUNDS

Prior

Net

year

movement

At

At 1/1/24

adjustment

in funds

31/12/24

£

£

£

£

Unrestricted funds

General fund

36,593

(35,000

)

62,371

63,964

TOTAL FUNDS

36,593

(35,000

)

62,371

63,964

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

779,465

(717,094

)

62,371

TOTAL FUNDS

779,465

(717,094

)

62,371

Comparatives for movement in funds

Net

movement

At

At 1/1/23

in funds

31/12/23

£

£

£

Unrestricted funds

General fund

(17,398

)

18,991

1,593

TOTAL FUNDS

(17,398

)

18,991

1,593

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

681,575

(662,584

)

18,991

TOTAL FUNDS

681,575

(662,584

)

18,991