Registered Charity number 1052906
The Veerayatan UK
Annual Report and Financial Statements
for the year ended 30 September 2023
The Veerayatan UK Report and financial statements Contents
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees Report | 2 & 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Statement | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 to 9 |
The Veerayatan UK Registered Charity No. 1052906 Legal and administrative Information for the year ended 30 September 2023
The Veerayatan UK is constituted by Deed of Trust and is a registered charity, No. 1052906
Trustees
Mr Navinchandra Sanghrajka Mr Jayantkumar Doshi Mr Bakul Shah Mrs Varsha Bakhai Mr Nilesh Kothari Mrs Sonal Dadia Mr Prakash Patalia
Registered Office 3 Nursery Gardens Goffs Oak Waltham Cross Hertfordshire EN7 6RZ
Independent Examiner Vinit Jhala FCCA IPC Consultancy Services Chartered Certified Accountants 4 Rawmec Business Park Plumpton Road Hoddesdon , Herts EN11 OEE
Bankers Barclays Bank Plc.
Page 1
The Veerayatan UK Trustees' Report for the year ended 30 September 2023
The Veerayatan UK is constituted by Deed of Trust and is registered charity, No. 1052906. The trustees present their report along with the financial statements of the charity for the year ended 30 September 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.
Trustees
The trustees named on page 1 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity.
Investment powers
The Trust Deed authorises the trustees to make and hold investments using the general fund of the charity, but no such investments are presently held.
Constitution, objects and policies
The charity is constituted by Trust Deed and its objectives are to provide worldwide relief to the poor, handicapped, disabled and aged.
Development, activities and achievements
Veerayatan UK strives to uplift humanity and is guided by the principles of Humanitarianism (Seva), Education (Shiksha) and Development (Sadhana). Keeping these principles in mind the trustees of Veerayatan UK has taken many steps. It supports schools which have been set up in locations in Bihar and Gujarat providing academic and moral education to children from underprivileged backgrounds and a project to set up more schools throughout India. Veerayatan UK also supports operations being undertaken by a modern eye hospital situated at the Veerayatan site in Rajgir Bihar and a eye clinic in Palitana, Gujarat. In the UK Veerayatan runs Shri Chandana Vidyapeeth Jain School which aims to deliver a value based education to children and adults. Veerayatan UK also organises fund raising activities, which includes cycling for charity events, with the express aim of raising money for the welfare and education of children. Veerayatan UK has also taken the initiative of raising funds to assist with the relief work in the aftermath of the earthquake in Nepal in 2015 and food distribution to assist with the pandemic .
Financial review
Reserves at the year end were £118,684 compared to £112,033 the previous year.
Risk management
The trustees actively review the major risks that the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the control over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Future developments
The charity will provide support to the existing education institutions and further expand them.
Page 2
'L'L'I'.'l) I'K
lThltptdtftt tiifflltr'i vtPDt tfj lh th#rlty Ir¥•ltti 011he I'ttr•y•lin I'K l It) the thi¢ M my rftht tre¢fflirbt¢ ofihe VttmyM UK fff tryeaT erojed 30 lr 2023 ft•sps111nTrII¢S •nd • of r•wl A5 Ihe charlty truitees of the trust you ire respon51ble lor the Pfeparlon ol the ¥ccountJ lft attord•nce 1h ihe reqUIrneDts of the Chaillles Act 20111.lhe Act'l, I report In Spect of my txamlnatlon ol the Trusvs atcounts canled out undef sectth 145 of the 2011 Act Ind In carrylrtB out my examlnallon I have followed ill the appllcabte Dlfedloni 8fven ty the Ch•rlty Comm15$1on vrTrder sectlon 1451511bl of the Acl. Independent •nmln•rfs il•t•m•nt tomed myexamlnatlon. I confimi ihit no materlal matters have Come to atienijon In connectlon wFth the examlnatlot) 8lvln8 me cause io belleve that In any mateflal respect.. account1 retords were not kept Sn respect of the Trust as reqtAred by sectlon 130 01 the Act; or 2. the ètcounts do not accord wlth those records. I ha¥ no ttjncerns and have come across no other matters In connectlon wilh ihe examination 10 %thlth attentlon should be drawn In thls report to enable a woper under5t•nding ol the accounts to be reachtd. ViThii Jhtl FCCA IPS CohwItan Services PlumrAm Ro¥J H(wJdesthL H¢ ENII OEE Date.. 27 June 2024 Pa8e 4
The Veerayatan UK
Statement of Financial Activities
For the year ended 30 September 2023
| Restricted Notes Funds £ Incoming Resources Donations received / funds generated 2 Investment income Total Incoming Resources - Resources Expended Cost of generating funds 3 - Management and administration 4 - Charitable donations made 5 Total Resources Expended - Movement in Funds - Transfer between funds Net movement in funds - Total funds brought forward - Total funds carried forward - |
Unrestricted Funds £ 103,089 - 103,089 6,023 8,351 82,064 96,438 6,651 - 6,651 112,033 118,684 |
2023 £ 103,089 - 103,089 6,023 8,351 82,064 96,438 6,651 - 6,651 112,033 118,684 |
2022 £ 116,166 - 116,166 1,354 1,635 200,967 203,956 (87,790) - (87,790) 199,823 112,033 |
|---|---|---|---|
There were no recognised gains or losses for 2023 or 2022 other than those included in the Statement of Financial Activities.
Page 5
.4% .-11 .4fl SL'pIL'iiibL'J' 2023 1.4)¥ 11 %.6X4 I'age ()
The Veerayatan UK Notes to the Accounts For the year ended 30 September 2023
1 Accounting policies
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the accounting standards. The financial statements are prepared on the actual cash receipts and cash payments made in the reporting period.
Income
Voluntary income and donations are accounted for as received by the charity.
Expenditure
Any costs which cannot specifically be identified to an activity of the charity are included in management and administration expenses.
Taxation
No provision for taxation is included in the financial statements as the charity is entitled to the exemptions from tax afforded by Section 505 ICTA 1988.
Value added tax is not recoverable by the charity and as such is included in the relevant cost in the financial statements.
| 2 Donations received / funds generated General donations Covid relief fund Nepal earthquake appeal Education fund School fun day Gift -aid Eye camp Diagonistic centre Barclaycard cashback |
2023 8,742 - - 88,576 5,720 - - - 51 103,089 |
2022 10,505 2,000 1,725 50,188 - 18,648 8,100 25,000 - 116,166 |
|---|---|---|
Page 7
The Veerayatan UK
Notes to the Accounts
For the year ended 30 September 2023
| 3 Cost of generating funds Samayik programme Diwali programme School family fun day Professional fees 4 Management and administration Rent payable Bank charges Website design and computer expenses Insurance 5 Charitable donations made Veerayatan - India Other donations |
2023 £ 1,996 2,901 360 766 6,023 2023 £ 6,915 174 683 579 8,351 2023 £ 81,214 850 82,064 |
2022 £ - 1,054 - 300 1,354 2022 £ 480 201 954 - 1,635 2022 £ 198,279 2,688 200,967 |
|---|---|---|
Page 8
The Veerayatan UK
Notes to the Accounts
For the year ended 30 September 2023
| 6 Debtors Rent deposit 7 Creditors Veerayatan Global Volunteers trip Refund payable Barclaycard |
2023 £ - - 2023 £ 1,025 70 1,679 2,774 |
2022 £ 250 250 2022 £ 1,025 - - 1,025 |
|---|---|---|
8 Information on Trustees
No remuneration was paid to the Trustees. During the year the trustees were reimbursed in respect of expenses paid by them personally on behalf of Veerayatan UK. The details are as follows:
| Mr Nilesh Kothari 9 Analysis of funds Unrestricted funds General funds Restricted funds |
£ 2,431 As At 30/09/23 £ 118,684 - 118,684 |
£ 1,684 As At 30/09/22 £ 112,033 - 112,033 |
|---|---|---|
Page 9