REGISTERED CHARfrY NtIMBER: 1071867 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR EhlDED 31 DECEMBER 2024 SHREE JAIN SANGH EAST LONDON AND ESSEX Pre8ton8 chtered AccountAnt8 364-368 Cranbrook Road Gant8 Hill Ilford Essex IG2 6HY
SHREE JAIN SANGH EAST LONDON AND ESSEX CONTENTS OF THE FINANCIAL STATEMENTS FOR THK YEAR ENDED 31 DECEMBER 2024 PaEe Report of the Truitee• I to 3 Independellt Exarnlnerli Report Statement of Flnanelal Aetlvltl BAlance Sheet Notei to the FlnanclAI Statements 7 to l2 Detalled Statement of nnaDclal Aetlvltl 13 to 14
SHREE JAIN SANGH EAST LONDON AND ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Thc trustces present th¢ir Teport with thc finala1 ststements of the charity for the year ended 3 I Ik£ember 2024. The Inle¢S have adopted th¢ provisions of ArKounting Bnd Rewjrting by Charities: ststement of Recommended Practice applicabl¢ to charities prcparing their account8 in accordanrK with the Financial Reporting SLandard &pplicabl¢ in Ibe UK and RUbliC of Ireland (FRS 102) (effe¢tiv¢ l January 2019). oBJE]VEs AND ACTivfTIES Objectivej llnd aln)J The principal activity of the charily conlinucd to be ensuring the needs of the people within the cornmwiity. prornoting religiou8, Gultural, spoth and charitablc tiVItieS with the community. The organisation is run by a committee ekctcd on L bi annual 8oneral meeting and li guided by the tte¢s, l) Charlty'• maln Alm8 Are as followB:. a) Other General ch1tble purpose8 b) Ovff8eas Aid and Famine Relief c) Religio ActivitlV8 d) Arts and Culture e) Sport8 and Recreations fj Animal WeEfare g) Bnvironment, conscrvation and heritage 2) The ¢hArfty works for:. a) Children and Young People b) Elderly and Old People c) Other ¢hariti¢s and voluntary bodies d) General Public and mankind. PublSe b¢n¢flt l) To promot¢ Jainism which advoc2t¢$ non-violence, goodwill toward8 all mankind, animal welfar¢ and vegeterianism. 2) To or8aThise 80cial. cultural and religious funclion8 surrounding the aspects named abov¢. 3) To promote phy8ical Activity and encouragos special interest 8roup8 like women and youth to come together and network 4) To conduct religious di8¢0urges and prayer8 With emphasis on respect for the elderly. Page I
SHREE JAIN SANGH EAST LONDON AND ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE Charltable a¢tivltie5 Shree Jain Sangh East London & Essex 18 a vibrant community based in East London dedicatcd to prnmotinB Jainism and ils core value5. The Charity is trAnaged entirely by elected voluntEer5, chosen every two y¢ar8 by community members to ensutc Teprcsentation and accountability. Throughout 2024. the Charity continued its ¢ommitmeDt to fostering 8piritual growth and community ¢ohe8ion by hosting a diverse ran8e of religious and social ¢v¢nts. These were delivered both in-pcrson and virtually to accommodate all members. Every ¢vent W88 design¢d to advance the Charitgs key objectives: promoiin8 the principles of Jainism and slrengthening the bonds among our mcmber5. Our annual programme of events T¢main8 c¢ntral to kceping the community engaged and connecled. By offering a variety of activities, the Charity seeks io involv¢ different age groups And demograpkic8, ensuring all members feel welcomed, valued, and supported. This inclusive appro8clL has helped n)ntain Btrong participation and ¢nthusi88m within our community. A significant rnilc8ton6 in 2023 was the dcci8ion by thc tnteC8, with rnembcr apprnval, to rent out a property owned by the Charity. This strategic move was made to generate funds with the lon8-t6rn1 8oal of aquiring a larger facility better 8Uitcd to our growin8 community's needs. Throughout 2024, the trusiees have dAligenLly continucd mana8ing this inilialive, oversecing ienancy arranBements and building o r¢s¢rv¢ to support lulurB cxpansion. This important work will rem&in a priority into 2025, as we strive to enhanc¢ tho CharilY8 facilities Lnd services. FINANCIAL REVIEW Flnanelal posltlon The financial Statements have been pr¢parcd implomcnling ihe ChAritlC5 SOPR (FRS102) Accounting and Reporting by Charities.. Statement of Rccommended Practice applieable to charities prcp&rinB their 8ceount8 in accordance with the Fin&ncial Reporiing Siandard applicable in thc UK and Republic of Ircland (FRS102) effective l January 2019. The Ststement of Financial Activities Bhow incoming resource$ for lh¢ year 2024 of £67,616 (2023: £38,764) and outgoin8 resources of £14,751 (2023: £22,784). making net incomin8 reyource8 of £52,865. (2022: £15,980). The total reserves at the year end stood at £650,186 (prior year £597,321), of which £71,674 (2023.. £60,331) was restricted. rree unrestricted reserves amounted lo £21265 . (2023: £18, I40.) Reservel polley The Charity carrics out a varicty of both long tern] and short t¢nn projccts, and the Tru8teeK have examined the requirements for free re8erve6 and the Trustees bclieve it to be insutyicient and are considering ways in which the additional funds can be raised. FUI'URE PLANS Looking ahead to 2025, the Executive Committ¢¢ is commilt¢d to 8UStaining the tnomentum by organising regular events that nieet the evolving inlerests of our members. We aim lo mainlain, if not incrch8 participatioo l¢vcls, fostering a strong sense of UDlty and shared purpose within the an8h. The trusteeg ¢xpre85 their gratitude to 811 membeTS, volunt¢¢rs, and 8UPPOrters whose dedication arKI ntributions have made this proEress possible. Together, we look forward to & year of continued Browth. engagement, and service to our community. Page 2
SHREE JAIN SANGH EAST LONDON AND ESSEX REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Covernlng document The charity is controlled by its gov¢rning docum¢nt, a deed of tru8t and constitutes an w)incorporakd charity. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1071867 Prlnclpal addre$J 15 Selwyn Avenue Ilford Esscx IG3 8JP Truite•• Mr Saa8ar Harish Mehla Mr Nimi8h Shah M5 Geeta Meht& Ms Ashni Virendra Mehta Mr Kamil Shah Mr Priy¢sh Harish Mehta Mr Karan Jitesh Shah - Re8igned in septemb 2024 Independent ExAmlner Anwer Patsl BA(Hons) BTrP, FCA Piestons Chartered Ac¢ountants 364-368 Cranbrook Road Gants Hill Ilford E88ex IG2 6HY Approved by oThler of th¢ board of trust on................. ...... . . ................ and &i8ned on its behalf by: TnJst¢¢ S htrl Page 3
INDEPENDENT EXAMZNERIS REPORT TO THE TRUSTEES OF SHREE JAIN SAIYCH EAST LONDON AND ESSEX IDdepelldent eIaminer'i report to the trustees of Sbree J*ln Sangh EA$t London and Eswx I reEx)rt to the charity tni8tee8 on my examination of the &CUnts of Sbree Jain Sangb E&8t London and Essex (the Trust) for the year ended 31 Dec¢rnber 2024. Re5pon8ibllltle8 and bas55 of report As the charity trustees of the Trust you ure responsible for the preparf4tion of the accounts in accordance with the requircmcnts of thc Charitics Act 2011 (Ihc Act?. I report in respect of my examination of the Tntst's account8 e4TfAcd out under Section 145 of the Act ond in carrying out my examination I have follow all applicable Directiotss given by the Chtirity Commission under Section 145(5)(b) of the Act. Independent txamlner's itaternent I have completed my examination. J ¢onfiTJn that no material m&tter5 have come to my attcntion in COntIon with th¢ uamination giving me cauge to believe that in rnaterial re6pect: accounting rcLM)rd8 were not kept in re8pect of the TTht a8 required by Section 130 of the ACL" or the accounts do not accord with those recor(L8; or the accounts do rlot cornply with the applicable requircmcnts concerning thc fonn aThd contcnt of accounts set out in the Charities (Accounts and Reports) Regulation8 2008 other than any requirement that the &ccounts 8ive a true And fair view which is not a matter considered as part of an indepcnthnt examination. I have no concem8 and have come acr088 fAO other matters in connection with thc ex8mtnation lo which altention should be drawn in this report in order to enable a proper under8tanding of the accounts to be reachc Anwer Patel BA{Hons) BFP, FCA Prestons Chart¢rcd Accountants 364-368 Cranbrook Road Gants Hill Ilford Essex IG2 6HY Page 4
SHREE JAIN SANGH EAST LONDOIY AIYD ESSEX STATEMENT OF FINAI¥CIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 31.12.24 Total funds 31.l2.23 Totsl Unrestricted RestrictEd funds fund Notes INCOME AND ENDOWMEY4TS FROM Donation8 and lega¢ie8 4236 4,236 3.956 Other trIng activitics Invostmcnt incomc 6,941 38J97 18,042 24,983 38J97 24.042 10,766 Total 4974 18,042 67.616 38,764 EXPENDITURE ON ChArltable tIVItIeS charitable a¢tiviti¢8 052 6,699 14,751 22,784 NET INCOME 41,522 IlJ43 52,865 15.980 RECONCILIATION OF FUNDS Tolal funds brought forward S36J90 60031 597a21 581,341 TOTAL FUNDS CARRIED FORWARD 578,512 71074 630,186 597,321 The notes forni part of these financial statements Page 5
SHREE JAIN SAIYGH EAST LONDON AND ESSEX BALANCE SHEET 31 DECEMBER 2024 31.12.24 31.12.23 FIXED ASSETS Tan8ible assets Notes 515,442 515.442 CURRENf ASSETS Debtor8 Cash at bank 4,400 149044 4,400 106,304 154J44 110,704 CREDTTORS Amounts falling due wilhin one ye8r (19,500) (28.825) NET CURRENT ASSETS 134,744 81,879 TOTAL ASSETS LESS CURRENT LIABILITIES 650,186 597,321 NET ASSETS 650,186 597,321 FUNDS Unrastrioted fimds: Gencral fund Unrestricted Designated Funds 21,265 557,247 18,140 518.850 578,512 536,990 Rcsiricta funds: Restricted Fund8 71,674 60,331 TOTAL FUNDS 65180 597,321 The fino temcnts were approved by the Board of Tnte¢S and 8uthoris¢d for is8 on and werc Sied on its behalf by.. Trn8tse Sh*1 The notes fomi part of these fllwicial statements Page 6
SHREE JAIN SANGH EAST LONDON AND ESSEX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTIIYG POLICIES B28is of preparlng the finAn¢lal statements The financial statsments of the charity. which is a public b¢nefit entity under FRS 102, have be¢n prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommcndcd Ptice applicable to charities preparing their accounts in a¢¢ordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20I9)', Financial Reporting Standard 102 Th¢ Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Ch4ritie$ Act 2011. The financiRI 8lat¢ments have been prepared under the historical cost convention. IDeome All income is recognised in the Statement of Finaftcial Activities once the ch&rity has entit]ement to the funds, it is probable thai the income WAII be receiv and the amount C4n be measured reliably.The rental Income is on a receivable basis. Expenditure Liabilitics are rccogniscd as cxpcndilurc as 8oon a5 there is a legal or constructive obllgatio committing the charity to that expcndilurc, it is probablc ihal a transfer of economic benefits will be rcquircd in 8cttlcmcTJt and the amount of thc obligation can bc meaNured rcliably. Expcnditurc i accounted for on an accruals basis and has been ¢la88ified Under heading8 that a88re8ate all cost related to the category. Where costs cannot be directly attributed to particular headings they have b¢cTh allocated to activities on a basis consR8tcnt with the use of resuurces. Tanglble flxed A8seti Depreciation is provided at the followin8 annual rates In order to wrlte off each asset over Its estimated u8¢ful lif¢. Tvdxatlon Th¢ charity 18 ¢x¢mpt frorn tax on it$ ¢haritsble 8¢tivities. Fund accountlnE Unre8tricted fund8 can be u8¢d in accordance with charitable objectives at the di8CTetion of the tru8te¢8. Re8trACtcd funds can only be used for particular restricted purposes within thc objects of the charity. Restrictions ar15c when specified by the donor or when funds arc raised for pllrticulRr restricted purposes. Furthcr cxplanAtion of the nature and of each fund is includod in thc notcs to thc financial statements. Page 7 llt1nu...
SHREE JAIN SANGH EAST LONDON AND ESSEX NOTES TO THE FINANCIAL STATEMENTS- eonthiued FOR THE YEAR ENDED 31 DECEMBER 2024 OTHER TRADING ACTIVITIES 31.1224 31.12.23 Dev DhrAvya Bhagini Mandal Jiv Dhaya Otber Jncome 13,328 3,115 1,599 6,941 12,740 3,227 1,721 6,354 24,042 INVESTMENT INCOME 31.12.24 31.12.23 Rent8 rcccived Deposit account interest 37,500 897 LO,766 38,397 10.766 TRUSTEES, REMUNERATION AND BENEFITS Thcrc wcr¢ no trustcc&' remuneration or other benefils for the year ended 31 December 2024 nor for the year ended 31 Decernber 2023. Tru•teei' expeDIoy There were no trn8tses' expenses paid for tbe year ended 31 December 2024 nor for the y¢4r ¢nded 3 l Decembvr 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.1223 Unrestricted Restricted funds fund Total funds INCOME AND ENDOWME]YTS FROM Donations and1¢8a¢ies 3,956 3,956 Othcr trading activities Investment income 5,366 10,641 18.676 125 24.042 10.766 Total 19,963 18,801 38.764 EXPENDITURE ON Ch¥rltable aetlvltlei ¢harilabl¢ aGtivilies 15.151 7,633 22,784 NET XNCOME 4.812 11,108 15.980 Page 8 continued...
SHREE JAIN SANGH EAST LONDON AND ESSEX NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.1223- eontiuued Unre8tricted Restricled funds fund Total fimd5 RECONCILIATION OF FUNDS Tolal funds brought forward 532,178 49.163 581,341 TOTAL FUNDS CARRIED FORWARD 536,990 60.331 597,321 KEY PERSONNEL MANAGEMENT Key Persomiel Mana8cment compri8¢d of th¢ Board of Tnte£s. TANGIBLE FIXED ASSETS Freehold propety COST Al l January 2024 and 31 D¢¢¢mber 2024 515,442 NET BOOK VALUE At 31 DecembcT 2024 515A42 AL 31 Deeember 2023 515.442 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.1224 31.12.23 Other d¢btor8 4,400 4.400 Page 9 continued...
SHREE JAIN SANGH EAST LOTrIDON AND ESSEX NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 31.12.24 31.1123 Other creditors 19.500 28,825 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.1224 Totsl funds 31.12.23 Total funds Unrestricted Restricted funds fiwd Fixed assets Current assets Current liabilxti¢s 515,442 82,570 (19JOO) 515,442 154,244 (1900} 515,442 110,704 (28,825) 71,674 578,512 71,674 650,186 597.321 11. MOVEMFNT IN FUNDS Net movement in fuDds At 31112124 At 111124 Unrutricted fund8 General fund Unrestricted DjgnIted Funds 18,140 51&850 3,125 38a97 21,265 557.247 536,990 41,522 57&512 Restrlcted fu•ds Re8trict¢d Funds 00,331 IlJ43 71,674 TOTAL FUNDS 597J21 52,865 650.186 Nel movement in funds, included in the above are a8 follows.. Incomin8 Resources Movement r¢8ourc¢8 expended in funds Unrestrficted fllnds General fund Unrestricted De8ignLted Fund5 (8,052) 3,125 38,397 38JWI 49,574 (8,052) 41J22 Re8trlcted funds Re&tricted Funds 1&042 (&699) IlJ43 TOTAL FUNDS 67.616 (14.751) 52,865 Page 10 continued...
SHREE JAIN SANGH EAST LOIYDON IIND ESSEX NOTES TO THE FJNANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 11. MOVEMENT IN FUNDS eontlnued Comp8rative8 for movemeot In fund¥ Net movcm¢nt in funds Transfers tween At 31112123 At 111123 UnreBtricted funds General fund Unrestricted De8i8nated Fund8 16,736 515,442 4.812 (3,408) 3.408 l8,140 518,850 532.178 4.812 536,990 Restrlcted fundi Restricted Funds 49,163 11,168 60,331 TOTAL FUNDS 581,341 15,980 597,321 Comparative net mov¢n)ent in fimds, included in ihc above are a$ follows: Incoming Resources Movement resourGe5 expended ill fun(ts UDreitrlcled fund8 G¢n¢ral fwid 19.963 (15,151) 4,812 Restrkted fund8 Reslricted Fund8 18,80I (7.633) 11,168 TOTAL FUNDS 38,764 (22,784) 15,980 Page 11 continued..
SHREE JAIN SANGH EAST LONDON AND ESSEX NOTES TO THE FINANCIAL STATEMENTS- continued FOR TRE YEAR ENDED 31 DECEMBER 2024 11. MOVEMENT IN FUNDS - continued Unrestricted Re8trlcted Bbagln Mahavfi Heathw imanga rJayan JivDh DevD Ay ravya Core Property Totals Illll4 1&140 518050 1,615 5,027 752 &188 44,749 597,321 Income 11,177 38.397 3.115 772 I,599 12,555 67,616 Expendit (8,052) 1,542 (730) (4,426) (14,752) Nerp 3,125 38J97 1,573 42 1,599 8.129 52,865 cirwd - 31112124 21,266 557247 1ffj15 794 9,787 52178 650,186 12. RELATED PARTY DISCLOSURES Th¢ wcre no T¢la*d party transactions for the year ended 31 De¢emb¢r 2024. Page 12