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 lThltpt*dtftt tiiffll*tr'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 Vttmy￿M UK fff tr*yeaT erojed 30 l*r 2023 ft•sp￿s111nTrII¢S •nd ￿•￿* of r•wl A5 Ihe charlty truitees of the trust you ire respon51ble lor the Pfepar￿lon ol the ¥ccountJ lft attord•nce ￿1h ihe reqUI￿rneDts 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 tom￿￿ed 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