REGISTERED CHARITY NUMBER: 1112669
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024
FOR
SHREE RAJ SAUBHAG SATSANG MANDAL UK
PSJ Alexander & Co Chartered Accountants
1 Doughty Street London WC1N 2PH
SHREE RAJ SAUBHAG SATSANG MANDAL UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 15 |
| Detailed Statement of Financial Activities | 16 |
SHREE RAJ SAUBHAG SATSANG MANDAL UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
The trustees present their report with the financial statements of the charity for the year ended 5th April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the Trust are broadly defined as:
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advancement of Jain religion
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support institutions promoting Jain philosophy by helping build infrastructure
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relief of poverty, sickness, and distress amongst people in need
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advancement of education, in particular of children and young people in rural areas
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relief of financial need and suffering among victims of natural or other kinds of disaster in the form of money (or other form deemed suitable) for persons, bodies organisations, and/or countries affected, including the provision of medical aid
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to advance the education of the public in the conservation, protection and improvement of the physical and natural environment
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to promote humane behaviour towards animals which are in need of care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage
Page 1
SHREE RAJ SAUBHAG SATSANG MANDAL UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
OBJECTIVES AND ACTIVITIES
Significant activities
1 . Trust Governance
Trustees who are also members of the Executive Committee of the organisation held Trustee meetings along with the Executive Committee meetings. Both the Trust objectives and the financial status of the Trust were discussed during these meetings. Reports were submitted on how the donated funds were being spent.
2 . Chairman
Mr J.S. Mehta remained Chairman and Managing Trustee
3 . Spiritual Activities in the UK
----- Start of picture text -----
|||
|---|---|
|Regular Spiritual Activities in the UK|
|1 .|During the year, regular meetings for spiritual discussions were arranged for better understanding of Jain philosophy and the|
|processes necessary for self-development on the spiritual path. Such meetings are organised weekly on at least four days of the week,|
|with others held fortnightly.|
|2 .|Members meet in person at Mahavir Foundation's Kenton Road Jain Temple (Derasar). in person at people's homes or via Zoom|
|on weekday evenings or weekends.|
|3 . Beginners' discussions remain on Zoom. This area needs some attention.|
|4 .|Most of the regular large events, marking key dates in our spiritual calendar were held in person again with attendance of 80 or|
|more members.|
|5 .|During the regular spiritual meetings, the members were updated with charitable activities supported by the Trust and encouraged|
|to make further donations.|
|6 .|The members and the committee and trustees worked together for the visit of the head of the Raj Saubhag Ashram, Nalinbhai|
|Kothari, affectionately known as Param Pujya Bhaishree, in May 2023. A full five-day retreat was held with where over 150 seekers|
|and members were in attendance. Within that, there was a special section dedicated to new seekers, where Minal Shah and Vikram|
|Shah, key spiritual teachers of the Ashram, led discussion mostly in English for about 40 or so people daily. Events were held for|
|children and for parents. A trip to Leicester had over 70 people join.|
|4 . GDPR|
|a. GDPR is taken into account when registering people for events and for any donations received.|
|b. Another committee meeting to explore the implications of GDPR is planned.|
|5 . Volunteer Engagement|
|a.|Volunteers were fully engaged in the planning for the visit of Param Pujya Bhaishree. Over 50 volunteers served in different|
|capacities, from being engaged in planning stages to serving on the day.|
|b.|Volunteers took part in a virtual full marathon and mass half marathon in April and August 2023, respectively, raising over|
|£5,000.|
|c. Other volunteers supported these volunteers. Volunteers met with them and supported their training, and on the day, including the|
|Managing Trustee walking alongside in the virtual full marathon for several miles.|
----- End of picture text -----
d. Tree planting is still pending.
6 . Charitable activities in India
All three Trustees have visited Raj Saubhag Ashram, Sayla in Gujarat, India, which is the main centre of all charitable activities to review the projects supported by the Trust. However, much discussion has been had via digital methods. Amongst the main projects supported are:
a. New Projects
i. The main temple (Derasar in Raj Saubhag Ashram, Sayla, India has been rebuilt, with a grand launch in 2024.
ii. A residential block (formerly known as L block) is also being rebuilt, with residential quarters for ascetics, known as an Upashray. iii.. The new building to house Sayla's living science centre is now running, with students visiting. Sewing classes are also held there, and there are plans to house a new project for pregnant mothers.
iv. There are plans for a new site for a Masters in Science for LMV College.
b. Existing projects
i. Ashram funding seems to be on a good footing.
ii. The Eye Hospital's ambitions to reach a capacity of 1,500 operations a month has come closer to realisation in the last few months. iii. The Community Health centre has also received considerable support from the UK Members, including fundraising events. This is an area on which some emphasis should be given in the future.
iv. The Ashirwad Trust for the Disabled has received considerable support from the UK.
v. Rural education promotion project 'Prem ni Parab' holds regular workshops for both the teachers and students to stay abreast of the new development in education methods.
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SHREE RAJ SAUBHAG SATSANG MANDAL UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
OBJECTIVES AND ACTIVITIES
vi. UK members continue to generously sponsor girls at both the high school and college for further education. vii. UK members continue to support monthly grain distribution to the needy and also assisted with funding for cattle fodder. Vii UK members continue to support eye camps at the KHS Eye Hospital to sponsor eye surgeries, mostly cataracts.
7. Donations made for disaster relief
a. A donation was made to Humanity and Inclusion UK to support their work in areas of Pakistan devastated by flooding, and to Mary's Meals for their Malawi Appeal.
8. Donations made to UK Charities
a. Donations made to UK charities included a regular payment to the Institute of Jainology, and donations to the following organisations: Humanity and Inclusion UK, Mary's Meals, Shishukunj, Shrimad Rajchandra Mission Dharampur UK, Oshwal Association of the UK, Jain Network, Jain Samaj Europe, Mahavir Foundation.
9. Fundraising
a. Humanitarian Ambassadors: No activities were led by the Ambassadors apart from support for runners in the half and full marathons.
b. A large event to showcase the Ashram's humanitarian projects was held when Nalinbhai Kothari was present. It was well received. b. The Managing Trustee continues to raise substantial funds.
10. UK Community Involvement
a. Members of Raj Saubhag UK are actively involved in the work of the Institute of Jainology, Mahavir Foundation and Young Jains. b. Maitri Moves UK: These activities remain quiet.
11. Financial Risks
a. The largest risks taken were with hall bookings and substantial deposits were made to make bookings for the visit in May 2024 of Param Pujya Bhaishree as outlined in last year's report. All deposits were returned, and all costs were covered comfortably.
b. The Trustees agreed that in view of the large donations being received from some of the donors - a KYC file for all donors of £10,000 and above should be maintained to ensure that the Trust does not inadvertently get involved in any money laundering.
12. Vulnerable Beneficiaries, Slavery and Trafficking
a. The Trust does not generally serve vulnerable individuals on a regular basis, but the Trustees note that there were events which a number of the elderly, young children and a disabled member attended. These individuals were never left alone with a single volunteer and were always in large groups.
b. We do not believe that members or any part-time staff are potential victims of slavery or trafficking.
13. Technology
- a. The bespoke accounting software package, Charity Receipt, continues to be used which makes use of the existing database to smooth the issue of receipts as well as record keeping.
b. The website www.rajsaubhag.org has become much more active and informative. Facebook groups and pages are usedRaj Saubhag UK for UK spiritual activities and Raj Saubhag Humanitarian for charitable work, as well as an Instagram page for Raj Saubhag Humanitarian.
-
c. The Trust funds the hosting of the website and the subscription to Squarespace. The Trust also funds cloud storage via Dropbox and Smugmug
-
d. Zoom has been used for regular discussions and with members contributing towards the costs of subscriptions.
e. The trust has been using PayPal Giving Foundation, People's Fundraising and Enthuse for any online fundraising. Facebook Donations are still available. The trust also experimented with in person collection with Square. Well-wishers are able to donate by spending on Amazon via a link on the website, as well as the "cash back" site, Give as You Live/ Everyclick. Passive income from members' and well-wishers' spending continues to be received. The search is on for more alternatives to online donation and fundraising.
f. Several discussions for Youth by the Indian affiliate's spiritual leader, Mr Nalin Kothari, were broadcast live to all UK members, and many swadhyays are now shared weekly via WhatsApp channels. Minal Shah's Ladies swadhyay is shared monthly via Whatsapp also.
Public benefit Public Benefit Statement:
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the Charity Commissioner's general guidance on public benefit, 'Charities and Public Benefit'.
Page 3
SHREE RAJ SAUBHAG SATSANG MANDAL UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Trustees are very pleased with the way their contributions have achieved successful results in all sectors of activities where the Trust has been active - particularly in fields of education, healthcare, support for the disabled children's activities, relief of poverty and promotion of Jain philosophy.
FINANCIAL REVIEW
Financial position
During the accounting period under review, the Trust raised a sum of £377,992.75 (2023: £485,528.00) from donations and tax credit including a small amount of interest of £1,513. Bulk of the donations was from the members of the group, with some donations received from other individual well-wishers.
There was a 22.15% reduction in incoming revenue compared to the previous year.
A total of ££408,170.79 (2023: £452,151.69) was expended to finance the spiritual and charitable activities supported by the Trust. Currently the Trust does not have any plans for investments.
Donations by the Trust will be restricted to the amount of donations received by the trust so that deficits cannot arise.
Reserves policy
The trustees conduct an annual review of the level of unrestricted reserves in the general fund by considering risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient:
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to allow time for re-organisation in the event of a downturn in income or asset values;
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to ensure that regular commitments are fully funded, including an estimate for regular large events;
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to protect on-going work programme; and
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to allow the Association to meet its objectives
The level of free reserves as at 5th April 2024 were £41,908.62 (2023: £67,297) which is in line with the Executive Committee expectation.
OTHER INFORMATION
All Trustees' activities are voluntary, and no remuneration is paid to any Trustee.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Governing Document: Trust Deed Charity is constituted as: A Trust Trustees Appointment: By selection
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1112669
Principal address
NIRANJAN 10 Walled Garden Court Hampton Road Stanmore HA7 3GE
Trustees
J.S. Mehta A.A. Shah H.M. Sanghvi
Page 4
SHREE RAJ SAUBHAG SATSANG MANDAL UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Manesh Shah PSJ Alexander & Co Chartered Accountants 1 Doughty Street London WC1N 2PH
Approved by order of the board of trustees on . 16th December 2024 .. and signed on its behalf by:
.............................................................................. J. S. Mehta - Trustee
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE RAJ SAUBHAG SATSANG MANDAL UK
Independent examiner's report to the trustees of Shree Raj Saubhag Satsang Mandal UK
I report to the charity trustees on my examination of the accounts of Shree Raj Saubhag Satsang Mandal UK (the Trust) for the year ended 5th April 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 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 in order to enable a proper understanding of the accounts to be reached.
Manesh Shah
PSJ Alexander & Co Chartered Accountants 1 Doughty Street London WC1N 2PH 16 December 2024 Date: .............................................
Page 6
SHREE RAJ SAUBHAG SATSANG MANDAL UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 215,535 | 160,944 | 376,479 | 484,996 | |
| Investment income | 2 | 1,513 | - | 1,513 | 535 |
| Total | 217,048 | 160,944 | 377,992 | 485,531 | |
| EXPENDITURE ON | |||||
| Charitable activities | 3 | ||||
| Relief of poverty, sickness and distress and to promote | |||||
| education | - | 4,743 | 4,743 | 5,551 | |
| Helping Jain philosophy by building infrastructure | - | 5,544 | 5,544 | 56,685 | |
| Animal Welfare | - | 951 | 951 | 4,261 | |
| Ashram Maintenance | - | 5,878 | 5,878 | 3,614 | |
| Children Rehabilitation | - | 37,428 | 37,428 | 10,700 | |
| Education | - | 69,425 | 69,425 | 14,353 | |
| General Donation | 188,652 | - | 188,652 | 325,698 | |
| Medical expenses | - | 52,327 | 52,327 | 24,822 | |
| Spiritual Activities | 37,945 | - | 37,945 | 1,805 | |
| Insurance | 5,278 | - | 5,278 | 4,664 | |
| Total | 231,875 | 176,296 | 408,171 | 452,153 | |
| NET INCOME/(EXPENDITURE) | (14,827 ) | (15,352 ) | (30,179 ) | 33,378 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 41,146 | 30,942 | 72,088 | 38,710 | |
| TOTAL FUNDS CARRIED FORWARD | 26,319 | 15,590 | 41,909 | 72,088 |
The notes form part of these financial statements
Page 7
SHREE RAJ SAUBHAG SATSANG MANDAL UK
BALANCE SHEET 5TH APRIL 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 7 | 2,424 | 1,556 | 3,980 | 29,545 |
| Cash at bank | 23,895 | 14,034 | 37,929 | 47,332 | |
| 26,319 | 15,590 | 41,909 | 76,877 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 8 | - | - | - | (4,789) |
| NET CURRENT ASSETS | 26,319 | 15,590 | 41,909 | 72,088 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 26,319 | 15,590 | 41,909 | 72,088 |
| NET ASSETS | 26,319 | 15,590 | 41,909 | 72,088 | |
| FUNDS | 9 | ||||
| Unrestricted funds | 26,319 | 41,146 | |||
| Restricted funds | 15,590 | 30,942 | |||
| ~~:~~ | |||||
| TOTAL FUNDS | 41,909 | 72,088 |
The financial statements were approved by the Board of Trustees and authorised for issue on 16th December 2024..... and were signed on its behalf by:
............................................. J. S. Mehta - Trustee
............................................. A.A. Shah - Trustee
The notes form part of these financial statements
Page 8
SHREE RAJ SAUBHAG SATSANG MANDAL UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
3.
| Bank Interest CHARITABLE ACTIVITIES COSTS Relief of poverty, sickness and distress and to promote education Helping Jain philosophy by building infrastructure Animal Welfare Ashram Maintenance Children Rehabilitation Education General Donation Medical expenses Spiritual Activities Insurance |
Direct Costs (see note 4) £ 4,743 5,544 951 5,878 37,428 69,425 188,652 52,327 37,945 - 402,893 |
2024 £ 1,513 Support costs £ - - - - - - - - - 5,278 5,278 |
2023 £ 535 Totals £ 4,743 5,544 951 5,878 37,428 69,425 188,652 52,327 37,945 5,278 |
|---|---|---|---|
| 408,171 |
continued...
Page 9
SHREE RAJ SAUBHAG SATSANG MANDAL UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
4. DIRECT COSTS OF CHARITABLE ACTIVITIES
Raj Saubhag UK's main focus of operation is the provision of support to its members throughout the UK in their spiritual striving, supporting charitable activities centred in Sayla where its affiliate Raj Saubhag Sayla is based, as well as engaging with various other organisations involved in humanitarian and spiritual work.
Raj Saubhag UK provides the financial support that the affiliate needs for both its spiritual activities and humanitarian activities.
Developing Infrastructure:
The Indian Affiliate provides the members of the Trust spiritual teaching both in Sayla and in the UK, study material, boarding and lodging facilities in Sayla. The Trust provides funding to support all these facilities.
Medical Fund:
Raj Saubhag funds three categories of medical activities:
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General Health Welfare & Medical Care through the Community Health Centre
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Ophthalmic Services and cataract conditions in particular
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Dental Care
Education Fund:
The Trust provides considerable funding for managing of the Girls High School and the College of Further Education. There is substantial funding for the project ' Prem ni Parab' for uplifting the quality and standard of education in primary schools in the district of Sayla is also provided by the Trust.
Children's Rehabilitation Fund
There are three centres for rehabilitation of children with disabilities (both mental and physical) in Sayla, Surendranagar and Limbdi. These receive extensive funding from the Trust and directly from some of the Trust. Members to meet the operating costs. Sponsoring of mobility accessory distribution camps provides additional funding for the centres.
Relief of Poverty
An on-going activity in Sayla of distributing grains to those below poverty line in the villages in the district of Sayla continues. This activity is also supported by the Trust. Additionally a lending hand is provided to cases of extreme financial distress experienced by individuals.
During the scorching hot summer months, milk powder is distributed to make butter milk and distribute it freely to the members of public.
Spiritual Activities in the UK
Regular donation is made to Mahavir Foundation for provision of a centrally located place for holding discourse meetings.
Funding is provided for inviting spiritually learned persons from Sayla for holding discourses and retreats in the UK. This funding will cater for air fares, visas costs etc.
The Trust would pay for the one day non-residential events by hiring the hall, transportation and providing food. Members try to make these events self-sufficient by paying the participation fees.
continued...
Page 10
SHREE RAJ SAUBHAG SATSANG MANDAL UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5th April 2024 nor for the year ended 5th April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5th April 2024 nor for the year ended 5th April 2023.
6. GOVERNANCE COST
The Charity's accountants did not charge for their services during the current and previous years. The estimated value of their services is £5,278 (2023: £4,664).
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2024 £ Other debtors 3,980 Prepayments - 3,980 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Other creditors - MOVEMENT IN FUNDS Net movement At 6/4/23 £ in funds £ Unrestricted funds General fund 41,146 (14,827 ) Restricted funds Ashram maintenance fund 890 5,640 Children rehabilitation fund 18,750 (11,413 ) Poverty relief fund 204 (104) Medical fund 4,232 (3,544) Educational fund 2,697 (2,623) Promotion of Jain Philospophy through building infrastructure 3,640 (3,152) Animal Welfare 529 (156) 30,942 (15,352 ) TOTAL FUNDS 72,088 (30,179 ) |
2023 £ 11,215 18,330 |
|
| 29,545 | ||
| 2023 £ 4,789 At 5/4/24 £ 26,319 6,530 7,337 100 688 74 488 373 |
2023 £ 4,789 |
|
| 15,590 | ||
| 41,909 |
8.
9. MOVEMENT IN FUNDS
continued...
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SHREE RAJ SAUBHAG SATSANG MANDAL UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Ashram maintenance fund Children rehabilitation fund Poverty relief fund Medical fund Educational fund Promotion of Jain Philospophy through building infrastructure Animal Welfare TOTAL FUNDS |
Incoming resources £ 217,048 11,518 26,015 4,639 48,783 66,802 2,392 795 160,944 377,992 |
Resources expended £ Movement in funds £ (231,875 ) (14,827 ) (5,878) 5,640 (37,428 ) (11,413 ) (4,743) (104) (52,327 ) (3,544) (69,425 ) (2,623) (5,544) (3,152) (951) (156) (176,296 ) (15,352 ) (408,171 ) (30,179 ) |
|---|---|---|
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6/4/22 | in funds | 5/4/23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,250 | 20,896 | 41,146 |
| Restricted funds | |||
| Ashram maintenance fund | 1,744 | (854) | 890 |
| Children rehabilitation fund | 14,275 | 4,475 | 18,750 |
| Poverty relief fund | 189 | 15 | 204 |
| Medical fund | 924 | 3,308 | 4,232 |
| Educational fund | 115 | 2,582 | 2,697 |
| Promotion of Jain Philospophy through | |||
| building infrastructure | - | 3,640 | 3,640 |
| Animal Welfare | 1,213 | (684) | 529 |
| 18,460 | 12,482 | 30,942 | |
| TOTAL FUNDS | 38,710 | 33,378 | 72,088 |
continued...
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SHREE RAJ SAUBHAG SATSANG MANDAL UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Ashram maintenance fund Children rehabilitation fund Poverty relief fund Medical fund Educational fund Promotion of Jain Philospophy through building infrastructure Animal Welfare TOTAL FUNDS |
Incoming resources £ 353,063 2,760 15,175 5,566 28,130 16,935 60,325 3,577 132,468 485,531 |
Resources expended £ Movement in funds £ (332,167 ) 20,896 (3,614) (854) (10,700 ) 4,475 (5,551) 15 (24,822 ) 3,308 (14,353 ) (56,685 ) 2,582 3,640 (4,261) (684) (119,986 ) 12,482 (452,153 ) 33,378 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6/4/22 | in funds | 5/4/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,250 | 6,069 | 26,319 |
| Restricted funds | |||
| Ashram maintenance fund | 1,744 | 4,786 | 6,530 |
| Children rehabilitation fund | 14,275 | (6,938) | 7,337 |
| Poverty relief fund | 189 | (89) | 100 |
| Medical fund | 924 | (236) | 688 |
| Educational fund | 115 | (41) | 74 |
| Promotion of Jain Philospophy through | |||
| building infrastructure | - | 488 | 488 |
| Animal Welfare | 1,213 | (840) | 373 |
| 18,460 | (2,870) | 15,590 | |
| TOTAL FUNDS | 38,710 | 3,199 | 41,909 |
continued...
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SHREE RAJ SAUBHAG SATSANG MANDAL UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Ashram maintenance fund Children rehabilitation fund Poverty relief fund Medical fund Educational fund Promotion of Jain Philospophy through building infrastructure Animal Welfare TOTAL FUNDS |
Incoming resources £ 570,111 14,278 41,190 10,205 76,913 83,737 62,717 4,372 293,412 863,523 |
Resources expended £ Movement in funds £ (564,042 ) 6,069 (9,492) 4,786 (48,128 ) (6,938) (10,294 ) (89) (77,149 ) (236) (83,778 ) (62,229 ) (41) 488 (5,212) (840) (296,282 ) (2,870) (860,324 ) 3,199 |
|---|---|---|
Ashram maintenance fund is a scheme under which the Charity members are encouraged to make yearly contributions and this fund is principally utilised for the maintenance of the Charity, towards supporting its general activities, for religious activities and for dona tions to other charities, both here in the UK and in India, with similar objectives as this Charity.
Children rehabilitation fund was set up to rehabilitate disabled children in India.
Poverty relief fund was set up to provide food and other necessities to the poor and needy in India.
Medical fund was set up for the maintenance of community health centre and an eye hospital in Sayla, India.
Educational fund was set up for the maintenance of L M Vora Girls High School in India and for educational standards improvement prog ramme.
Religious publication fund was set up for the publications and distributions of religious books, magazines and for similar activities.
The infrastructure fund is for supporting the construction of new premises for delivery of spiritual discourses, holding seminars and workshops and provision of meditation rooms.
Animal Welfare is the trust that supports the Cow Shelter and also works alongside Panjrapoles (Animal Welfare Shelters) in Gujarat to help in sustainable and ethical animal welfare.
Spiritual Activities is for holding discourse meetings physically and via Zoom. Funding is also provided for inviting spiritually learned persons from Sayla for holding discourses and retreats in the UK. This funding will cater for air fares, visas costs etc.
The Trust would pay for the one day non-residential events by hiring the hall, transportation and providing food. Members try to make these events self-sufficient by paying the participation fees.
Support is provided to members and guidance given to seekers through a series of steps along a clear path to self realisation.
continued...
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SHREE RAJ SAUBHAG SATSANG MANDAL UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2024
10. RELATED PARTY DISCLOSURES
The charity received Donations of £8,101 (2023: £200) from Mahavir Trust. Both the organisations have a trustee in common and have similar objectives.
The charity made Donations of £250 to Institute of Jainology. Both the organisations have a trustee in common and have similar objectives.
The Trust is completely independent organisation but liaises with other organisations that follow the same spiritual path and have similar objectives.
11. MATERIAL DONATIONS MADE TO INSTITUTIONS
| Name of Institutions L M Vora Girls High School L M Vora Girls college of F E KHS Eye Hospital Sayla Dental Surgery Sayla Community Hospital Ashirwad Trust for the Disabled Raj Saubhag Satsang Mandal Sayla (India) Raj Saubhag Satsang Mandal Sayla (India) Raj Saubhag Satsang Mandal Sayla (India) Raj Saubhag Satsang Mandal Sayla (India) Raj Saubhag Satsang Mandal Sayla (India) Raj Saubhag Satsang Mandal Sayla (India) Hemanity and Inclusion UK Mary's Meals Shisukunj Shrimad Rejchandra Mission Dharampur UK Oswal Association UK Jain Network Jain Samaj Europe Institute of Jainology Mahavir Foundation Jain Animal Sanctuary RajSaubhaghms League Against Cruel Sports RajSaubhaghms Hillside Animal Sanctuary Lola Sanctuary Animal Hugletts Wood Farm RJSaubhag Shishukunj RajSaubhagMarathon Gratitude Tracey Macmillan Cancer Support MCS25138 |
Purpose 2024(£) Education 8,270 Education 9,775 Medical 36,800 Medical 118 Medical 11,697 Rehabilitation 41,140 Education 51,380 Relief of Poverty 4,743 Promotion of Jain Philosophy, and Building Infrastructure 3,058 Animal Welfare 951 Spiritual Activities 2,486 General Donation 188,554 Animal Welfare 1,000 Animal Welfare 1,000 Animal Welfare 150 Animal Welfare 250 Animal Welfare 500 General Donation 150 Relief of Poverty 500 Medical 250 3800 Animal Welfare Animal Welfare Animal Welfare Animal Welfare Animal Welfare General donation Relief of poverty Medical £366,571 |
2023(£) 6,679 7,616 10,097 245 14,480 10,699 57 5,551 53,740 3,073 2,945 327,560 238 100 250 250 350 500 626 626 £445,683 |
|---|---|---|
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SHREE RAJ SAUBHAG SATSANG MANDAL UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Investment income Bank Interest Total incoming resources EXPENDITURE Charitable activities Advancement of Jain religion Relief of poverty, sickness & distress and to promote education Animal Welfare Ashram Maintenance Children's Rehabilition Education General Donation Medical Spiritual Activities Support costs Management Insurance Total resources expended Net (expenditure)/income |
2024 £ 2023 £ 339,213 457,663 37,266 27,333 376,479 484,996 1,513 535 377,992 485,531 5,544 56,685 4,743 16,251 951 4,261 5,878 3,614 37,428 - 69,425 14,353 188,652 325,698 52,327 24,822 37,945 1,805 402,893 447,489 5,278 4,664 408,171 452,153 (30,179 ) 33,378 |
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This page does not form part of the statutory financial statements
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