Reglstarod Charlty . 1106357 Company R¢glstratlon Numbor: 05009754 JAIN VISHVA BHARATI LONDON ACHARITABLE COMPP￿y UMrrED BY GUARANTEE Report and Accounts Year ended 31 March 2024 JAIN VISHVA BHARATI LONDON ACHfvJIITABLE COMPANY UMITED 8Y GUARPIITEE Roport and Accounts Year ended 31 March 2024 Contenls Pago Legal and administrative information TnJstees' report 2to9 Independènt 8xaminers' report 10 Statement of financial actlvltSes {Incorporatlng Income and expendlture statement) Balance Sheet 11 12 Notes to the accounts 13to21 JAIN VISHVA BHARATI LONDON ACHNIUTAeLE COMPANY UMITED 8Y 13U*JIMITEE Legal and admlnistrativa inforniatlon Charlty namè: JAIN VISHVA BHARATI LONDON Nature of governlng document: Memorandum and Articles of Assoclatlon Charity registered number: 1106357 Registered company number 05CKi9754 The board of trust•e•ldlroctors: Mr Hasmukh Vora Mr Manickchand Chorarla Mr Raj85h Jain Mrs Pragna Damani Mr Raj88v Shah Mr Sunil Dugar Mrs Pushpa Bhantia Mr Jeetendra Dhel8ria Socr•tary: Mr Manickchand Chor8rla Registered offlco and contre address 8 Elm Park Road Pinner MlddL HA5 3LA England. UK Independent examlners: Rashmi Shah & Co Chartered Accountants 62 Bertram Road Hendon London NW4 3PP Principal bankors: Natlonal Westminsler Bank PIC 12 Station Parade, Willesden Green London NW2 4NN JAIN VISHVA BHARATI LONDON ACNlJItTABLE COMPANY LIMtrED 8Y ¢YJARANTEE Truste•8' Report Year ended 31 March 2024 The Trustees. who are also Directors of th6 Charitable Company I"ChariW') for the purposes of the Companies Act, present thelr annual report and unaudlted accounts for the year ended 31 March 2024. The Trustees confirm thal the annual report and accounts compty with currént 51atutory requirements and the statement of Rocommendad Practice - Accounting and Réporting by Charities SORP appllcable to chariiié8 preparlng their accounts in accordance with FRS 102. Slrudure, Govornance and Managemont Govornlng document Th8 charity is ￿nstitUted as a company limited by guarantse and is govemed by its Memorandum and Arttcles of Associatlon, dated 21 November 2003. and is regislered with the Charity Commissioners. The charrty has no share capilal and Is a company limited by guarantée. Under the terms of its Memorandum of Association the membèrs of thè company are the DlrectorslTrustees who ar6 liable to contribute a sum not exceedlng £1 in the event that the compgny is wound up whilst they are a member or for one year thereafter. The number of trustees during Ihe year were eighL The Charity is under the overall Control of th8 Trustees, who conduct th8 affairs of the Charity in conjunction with the re$idlng Jain Nuns {Samanijis) and ex8CUttve committee. Prfnclpal obJectlve8 and aims The Trustees review th8 Charitys principal aims, objectives and activities each year to ensure thal the Charlty remains focused on Its stated purpose over the next 12 months to spr8ad the universal message of Jain Philosophy and Jain Wisdom principally within the UK, Europe and the World, to cultlvat8 an atmosphere Ihal nurtures non-violence, restraints and philosophy of multiple aspects of the truth and thereby leads to splritual enlsghtenment for human kind. There were no slgnificant changes to th• main objectives and aim8 of th8 Charfty durlng the year. The objects for whlch the charlty is established a￿. to advance the Jain prlnciples through promoting the understanding and culllvallng interest in Jain teachlngs and culture. lo advance educatlon and promote public wellbeing by organislng seminars, workshops and camps on sciènce of living, medltstlon, the principle of restralnt and vows (Anuvrat) movement, Non-violence and Yoga. to enhan￿ public wel￿b61ng through the promotion of Preksha meditstion, Yoga and ￿laxatIon techniques. to promote religious harmony by dlalogue wtth other commun5tle5 and faiths lo foster better understanding of the Jain faith and support ¢ommunity cohe810n. Dlrectors and Trustsos The followin9 persons served as directors l trustees durin9 the year: Mr Hasmukh Vora Mr Manickchand Choraria Mr Rajesh Jaln Mrs Pragna Damani Mr Rajeev Shah Mr Sunil Dugar Mrs Pushpa Bhantta Mr Jeetendra Dh8laria JAIN VISHVA BHARATI LONDON ACHpiirrA8LE COMPANY LIIIITED BY GUARANTEE Trustees, Roport Year ended 31 March 2024 Organisational structure The tTUStees are responsible for the general control. decislon making and day to day managemant of the charity wtthout remuneration and any other financial benefit. The charity is organised so Ihat the trustees meet regularly and WFth the Jain nuns and executive committee to manage its affairs and activities with the assistance of working groups and volunteers. Recruitment, appolntment. inductlon & training of Trustees The existing trustees l Board") are responsible tor the appointment and removal of trustees in accordance wlth the Charity's Memorandum and ArtiGles of Association. The Charity has an open recruitmant procedure for new Trustees who are nominated frorn among the wider membership. When considering co-opting truslees. the Board has regard to the requirement for any specialist skills needed for election to th& office. To futh•r onhance the organization's scalability. an Executive Comrnittee has bfjon formulated and Mom￿r8 of this team have been appolnled.. The Charlty encourages policies and procedures for the induction and training of both new and existing Trustees so that th8y can famlllarls8 themselves the Charity and the context wlthln which it operates: drawlng the Trustees attentlon to the Charity Commls5ion webslte and publlcations 51gnposted through the Commission's gulde Essential Trustee.. New trustees undergo induction lo brlef them on their lègal obligations under charity and company law, the content of the Memorandum and Articles of Assoclallon, and meet the other trustees, executive committee, working groups., together withthe declslonqnaking processes. busin8ss plan and recent financial perfomiance of thè charity. Trustegs are encouraged to attend appropriate exlemal tralnlng 6vgnts where these facilltat8 the undertaklno of their role. Membershlp Membershlp Is open to both Jalns and Non-Jains for thelr own advancement through Jain principalg. Risk managomont The trustees activdy reviews the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels. combined vith ongoing and annual review of the conlrols over key financial systems to be adequate. The Trustees are satisfied that there are appropriate controls in place to provide reasonable assurance againsl fraud or error and to de81 with risks identified. In particular. annual insurance cover is in place to safeguard activities and assets owned by the charity. Publi¢ benefit statemant The Trustees confirni that they have referred to the Charity Commission's general guidance on pub5ic benefit and in particular ils supplementsry public guidance on the advancement of religion for the public benefit- when reviewing the Charitys aims and objectives in planning future activities. and in particular how the planned activities will further and reflect its aims and objectives for the benefit of the public. The Charity has achieved this objective by means of a range of activities, working groups. adivitses and education with both Jain and non- Jain. JAIN VISHVA BHARATI LONDON ACH*JIITABLE COMPANY U￿￿ED ey GuAR￿4TEE Tru$t•es' Report Year ended 31 March 2024 Investment poll¢y The Charity Policy is to make such investments as the Trustees see fit and which meets with the requirements of its objectives for the varlous funds. The Trustees, current pollcy Is to Inv8sl excess funds reserves in bank depo$lts earning interest. The Trustee$ ¢ornslder that the return on investments is satisfactory in the current Èconomic climate and available interest rates. co￿operatIOn with other organisations and bodles (both charitable and non charitablo) From time to tlme, the Charity receivès from and provides to other Jaln and Non-Jaln organisations both langible and intangible assistsnce for the furtherance of its objectlves. It also collaborats$ wlth other charltsble and non