SHREE LOHANA MAHAJAN LEICESTER CIO
The object of the CIO are shall generally be for the benefit of the Lohana community in Leicestershire and the benefit of the public in such ways that are exclusively charitable according to the law of England and Wales in the United Kingdom and worldwide. The advancement of the Hindu Religion for the benefit of the public. The relief of poverty or financial hardship in Leicestershire.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £174,780, which is below the stated policy target of approximately six months of unrestricted expenditure. The charity reported a net incoming resource of £49,847 for the year, with total funds increasing to £192,374. The trustees note that future activities are subject to obtaining satisfactory funding arrangements.
What the accounts disclose
“The charity plans continuing its charitable activities in the ensuing years subject to obtaining satisfactory funding arrangements.” — page 4
“Shree Lohana Mahajan Leicester CIO rented the entire building including all equipment, fixtures and fittings from The Leicester Mahajan Trust, an associated charity, at a peppercorn rent of £1 per annum.” — page 13
Trustees
- PRAKASH BHOJANIchair
- AVNI LAKHANI
- Harishchandra Karia
- Kantilal Manji Somani
- MAHESHBHAI GHEEWALA
- NITI MAHESH GHEEWALA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £247k | £264k |
| 31/12/2024 | £289k | £244k |
| 31/12/2023 | £233k | £169k |
| 31/12/2022 | £173k | £152k |
| 31/12/2021 | £121k | £129k |
Common questions
Is SHREE LOHANA MAHAJAN LEICESTER CIO financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £174,780, which is below the stated policy target of approximately six months of unrestricted expenditure. The charity reported a net incoming resource of £49,847 for the year, with total funds increasing to £192,374. The trustees note that future activities are subject to obtaining satisfactory funding arrangements. Its FY2024 accounts were independently examined.