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. Page 1 ## 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. Page 2 TruKl¢eA' Rtp•n thE }*llr JO %rVt*btr 2•24 pth qrh *kn.h iii'c fa4 ol th¢ tht )ear LT*r thoffl to tP4 pprty* Tt 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. Page 5 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| |---|---|---| Page 7 ## 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| |---|---|---| Page 8 ## 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. Page 9