Registered Charity number 1052906
The Veerayatan UK
Annual Report and Financial Statements
for the year ended 30 September 2024
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 2024
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 Mr Jitendra Sheth Mr Rajendra Shah
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.
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The Veerayatan UK Trustees' Report for the year ended 30 September 2024
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 2024. 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 £147,030 compared to £101,443 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.
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Independent examiner's report to the charity trustees of The Veerayatan UK I report to the trustee5 on my examination of the accounts olthe Veerayatan UK for the year ended 30 September 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5llbl of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act,. or 2. the accounts do not accord with those records. 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 to enable a proper understanding of the accounts to be reached. fg I1)4 Aooi)Iiiiiaiil% & Business Advisers 12 Cavendish House Plumpton Road Hoddesdon Hertford5hire ENII OLB Date.. 29 July 2025 Page 4
The Veerayatan UK
Statement of Financial Activities
For the year ended 30 September 2024
| 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 £ 215,558 - 215,558 4,652 10,675 154,644 169,971 45,587 - 45,587 101,443 147,030 |
2024 £ 215,558 - 215,558 4,652 10,675 154,644 169,971 45,587 - 45,587 101,443 147,030 |
2023 £ 103,089 - 103,089 6,023 8,351 82,064 96,438 6,651 - 6,651 94,792 101,443 |
|---|---|---|---|
There were no recognised gains or losses for 2024 or 2023 other than those included in the Statement of Financial Activities.
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The Veerayatan UK Balance Sheet As At 30 September 2024 Nole5 2024 2023 Current gssets Debtors Cash at bank and in hand 1.785 146,521 104,217 148,306 104.217 Current liabilities Creditors (1.276} (2,774) Net Current Assets 147.030 101,443 Funds Unrestricted funds Restricted funds 147,030 101,443 147,030 101,443 Nav Idr Sanghrajka On behalf of the Board of Trustees Page 6
The Veerayatan UK Notes to the Accounts For the year ended 30 September 2024
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 Diwali event Education fund School fun day Barclaycard cashback |
2024 7,734 2,055 199,998 5,670 101 215,558 |
2023 8,742 - 88,576 5,720 51 103,089 |
|---|---|---|
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The Veerayatan UK Notes to the Accounts For the year ended 30 September 2024
| 3 Cost of generating funds Samayik programme Mahavir Niran Kalyanak Mahotsav Diwali programme School family fun day Professional fees 4 Management and administration Rent payable Bank charges Website design and computer expenses Gifts Insurance 5 Charitable donations made Veerayatan - India Other donations |
2024 £ - 1,723 1,746 843 340 4,652 2024 £ 9,295 92 420 270 598 10,675 2024 £ 153,863 781 154,644 |
2023 £ 1,996 2,901 360 766 6,023 2023 £ 6,915 174 683 579 8,351 2023 £ 81,214 850 82,064 |
|---|---|---|
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The Veerayatan UK Notes to the Accounts
For the year ended 30 September 2024
| 6 Debtors Deposit 7 Creditors Veerayatan Global Volunteers trip Expenses payable Refund payable Barclaycard |
2024 £ 1,785 1,785 2024 £ 783 253 70 170 1,276 |
2023 £ - - 2023 £ 1,025 - 70 1,679 2,774 |
|---|---|---|
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 Mr Jitendra Sheth Mr Rajendra Shah 9 Analysis of funds Unrestricted funds General funds Prior year adjustment Restricted funds |
£ 200 110 379 As At 30/09/24 £ 147,030 - 147,030 - 147,030 |
£ 2,431 - - As At 30/09/23 £ 118,684 (17,241) 101,443 - 101,443 |
|---|---|---|
Prior adjustment relates to correction arising from transfer of amount of £17,241 from one bank account to another bank account recorded incorrectly as donation receipt.
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