COMPANY REGISTRATION NUMBER: 06659303 CHARITY REGISTRATION NUMBER: 1131173 Institute of Jainology Limited Company Limited by Guarantee Unaudited Financial Statements 30 September 2024 ASHOK GUDKA Chartered Certified Accountant Stanmore Middx HA7 1LZ
Institute of Jainology Limited Company Limited by Guarantee Financial Statements Year ended 30 September 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Institute of Jainology Limited Company Limited by Guaranteo Trustees, Annual Report (Incorporating the Director's Roport) Year ended 30 September 2024 The trustees, who are also the directors for the purposes of company law, presenl their report and the unaudited financial statements of the charity for the year ended 30 September 2024. Reference and administratlve details Registered charity name Institute of Jainology Limited Charity registration number 1131173 Company reglstratlon number 06659303 Principal offlco and registèred 58 Parr Road Office stanmore Middlesex HA7 1NP The trusteos Nemu Chandaria OBE (Chair) Dr Mehool H Sanghrajka M8E Dilip R Shah Amit R Lalhia Jaysukhlal S Mehta Bsc MIEE BEM Vinay K Shah Kumar P Mehta Himanshu Jain Prakash K Patalia Ajay Punalar (Resigned 1 May 2024) (Managing Trustee> (Treasurer) (Resigned 11 March 2025) Company secretary Amil R Lathia Independent examiner Ashok Gudka FCCA Slanmore Middx HA7 1LZ
Institute of Jainology Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conllnued) Year ended 30 September 2024 Objectives and actlvlties The Company is registered with the Charity Commission for England & Wales under charity number 1131173. It obtained registration on 18 August 2009. In October 2009 the company took over all the charitable activities carried on previously by the Institute of Jainology. The objectives of the company are to assist in the advancement of the religion and philosophy of Jainism and lo assist other charitable purposes and Institutions as the Directors may determine. The Jain tradition promotes ecological harmony and non-violence. The religion originated in India and is one of the oldest faiths in the world. The income of the Company which is mainly from donations is used to fund various projects. Structure, govarnance and management The following Directors have served during th8 year.. Directorl Trustee Nemu Chandaria OBE (Resigned 1 May 2024) Dr Mehool H Sanghrajka MBE Dilip R Shah Amrt R Lathia Jaysukhlal S Mehta Bsc MIEE BEM Vinay K Shah Kumar P Mehta Himanshu Jain l{Resigned 11 March 2025) Prakash K Patalia Ajay Punatar
Institute of Jainology Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {con¢lnue<l) Year ended 30 September 2024 Achievements and performance The main activities undertaken during the year were.. The Institute of Jainology (IOJ) is an apex body. representing all the UK Jain community organisalions (collaborating as 'OneJAIN') in government and interfaith matters, and with major institutions such as museums, libraries and universities. It organises the annual OneJAIN Conference for Jain leaders to discuss national and community issues and share best practice. Our annual Ahimsa Day event in October 2023 81 the House of Commons was a great success and Dr Jasvant Nagindas Modi was awarded the 2023 Ahimsa Award {2022 Award - Dr Kumarpal Desaij. In May 2024. IOJ organised the first Mahavir Janma Kalyanak (Lord Mahavirfs birth anniversary) celebrations al 10 Downing Street. This remarkable achievenient was testament to its progfess over the past years. In April 2024, the IOJ also held an event at the House of Commons to celebrate tha birth anniversary of Bhagwan Mahavir. OneJAIN community awards were given to Nemu Chandaria, Sonal Mehta & Suraj Bafna. The summer marked the first major OneJAIN celebrations of Mahavir NiNana Kalyanak 2550 in Harrow, Loiidon with 2,000 attendees. In edu¢ation, Centre of Jainism at the University of Birmingham, which is supported by the IOJ, reported an excellent year with record student numbers. Our continued push to have Jainism as a tick box on the face of the Census, continued to gain momentum and the IOJ committed to a major publication highlighting Ihe 2021 Census result enalysis enabling to move forward lo have Jainism on the face of the form in the next Census. Our refurbished world leading website Jainpedia.org - continued to be widely used as a scholarly aulhenlicated resources base for underst8nding and explanation of Jainism. The website is now collaborating with the National Digital Library of India We continued participating in National and International Interfaith forums including Religious and Educational CounGils on behalf of all Jain organisations in the UK.
Institute of Jainology Limited Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Director's Report) {continuedJ Year ended 30 September 2024 Financial revlew The Company had total incoming resourcas for the year amounting to £34,946 (2023.. £5,075) and the total resources expended £20,294 {2023.' £9,416} leaving a surplus of £14,652 {2023 deficit.. £4,341) for the year. Al the end of the financial year, the company had unrestflcted reserves of £129.26012023'. £114,040) and restficted funds of £27612023.. £8441. Our income for the year has gone up due to donations from supporters and well-wishers and contributions from Jain organisations in supporting the additional activities. We have adequate resources to continue with our objectives and activities. Volunteers The Company is dependent upon the services of its Trustees and a considerable number of unpaid volunteers who give up their time freely in connection with the charitable activities of the company. Their services are iiot accounted for in these financial statements. Public benefits In planning our activities for the year we kept in mind the Charity Commission's guidance on public benefit al our Directors, meetings. Our activities are all designed to deliver benefit to the public. In 8ducalion we are aiming to provide RE material for use in schools for all students who wish to study Jainism. We have published two textbooks in this respect'Discover Jainism and Jain Tales,. Our trained teachers continue to give lectur8s in Jain philosophy and principles. Small company provislons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The Iruslees, annual report was approved on the board of trustees by.. and signed on behalf of Dr Mehool H Sanghrajka MBE (Managing Trustee) Trustee
Institute of Jainology Limited Company Limited by Guarantee Independent Examiner's Report to the Trustees of Institute of Jainology Limited Year ended 30 September 2024 I report lo the trustees on my examination of the financial statements of Institute of Jainology Limited ('Ihe charity'l for the year ended 30 September 2024. Responsibilitles and basis of report As the trLlStees of the Company land also its directors for the purposes of company law} you are responsible for the preparation of the financial st8lements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'l. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)(b} of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my altention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records; or the financial slatemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statenient of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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. Ashok Gudka FCCA Independent Examiner Stanniore Middx HA71LZ
Institute of Jainology Limited Company Limited by Guarantee ststement of Financial Activities (including income and expenditure account) Year ended 30 September 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Investment income Other income 21,127 290 5,480 26,897 8,049 29,176 290 5,480 34,946 3,676 439 960 5,075 Total Income 8,049 Expenditure Expenditure on charitable activities Total expendlture 11,677 11,677 8,617 20,294 20,294 9,416 9,416 8,617 Net incomellexpendlture) and net movement In funds 15,220 (568) 14,652 14,341) Reconclllatlon of funds Total funds brought foNard Total funds carrled foNard 114.040 844 114,884 129,536 119,225 129,260 276 114,884 The statement of financial aclivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note8 on pages 8 to 13 fomi part of tho80 financial statements.
Institute of Jainology Limited Company Limited by Guarantee Statement of Financial Position 30 September 2024 2024 2023 Note Fixed assets Investments 13 Current assets Debtors Cash at bank and in hand 14 1,785 127,750 116,888 129,535 116,888 Credltors: amounts falllng due withln one year Net current assets 16 2,005 129,535 114.883 Total assets less current Ilablllties 129,536 114,884 Funds of the charity Restricted funds Unrestricted funds 276 129,260 844 114,040 Total charlty funds 16 129,536 114,884 For the year ending 30 September 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilitie8'. The members have not required the company to obtain an audit of its financial statèments for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying wilh the requirements of the Act with respect lo accounting records and the preparation of financial statements. These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Jncial statements were approved by thé board of trust&es and authorised for issue on These fin and are signed on behalf of the board by.. Dr Mehool H Sanghrajka MBE (Managing Trustee) Dilip R Sha Trustee Trustee The notes on pages 8 to 13 form part of these financlal ¥tstements.
Institute of Jainology Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2024 General infomiation The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 5B Parr Road, Stanmore, Middlesex, HA7 1NP. Staternent of compllance Thes8 financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and th8 Republic of Ireland,, the 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} (Charities SORP (FRS 1021) and the Companies Act 2006. Accountlng pollcle5 Basis of preparatlon The financial statements have been prepared on the historical cost basis unless otherwise staled in the relevant accounting policy note{s}. Golng concern There are no material uncertainties about the charity's ability to continua. Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of fulure events that are believed to be reasonable under the circumstances. Fund accountlng Funding of the company comprises either.. Unrostricted General Funds - these are funds that can be used in accordance with the charitable objects at the discretion of the Directors. Restricled funds - these are funds that can only be used for particular restricted purposes within the objects of the company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Included are funds collected from and spenl on behalf of One Jain, Jain organisations in the UK. Incomlng resources Income other than donations Bank interest and other income is included in the Statement of Financial Activities on the accruals basis. Donations The Company accounts for donations as they are received.
Institute of Jainology Limited Company Limited by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 30 September 2024 Accounting pollcies (conllnued) Resources expended Expenditure is included in the Stat8menl of Financial Activities on the accruals basis Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Tangible flx8d assets and depreclatlon All assets costing more than £500 are capitalised. Depreciation on office equipment is charged on a straight line basis over 4 years. Proloct ongoing costs - Jalnpedla {access to Jaln UK manuscrlpts) This relates to access to UK Jain Manuscripts Digilization Project. Resources expended relate to Costs of Project Administrator, consultancy & website development. Flnanclal instruments Tlie Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Llmited by guarantoe Every member of the Company agrees lo contribute to the Company £1 or any smaller amount required if'.- (al The Company is wound-up while he or she is a member or within a year afterwards., and {b) The Company has debts and liabilities which it cannot meet out of its assets. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons Donations Jain Organisations 21,127 21,127 8,049 29,176 8,049 8,049 21,127
Institute of Jainology Limited Company Limited by Guarantee Notes to the Financial Statements {continuèd) Year ended 30 September 2024 Donations and legacies (eontlnued) Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations Jain Organisations 682 682 2,994 2.994 682 2,994 3,676 Investment Incorne Unrestricted Total Fuiids Unreslricled Total Funds Funds 2024 Funds 2023 439 439 Interest rec8ived 290 290 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Administr8tion cost recharged to One J8in Miscellaneous income 960 960 5,000 480 5,000 480 5,480 5,480 960 960 Expendlture on charltable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 3.565 5,976 8,617 2,136 20,294 Donations Paid Access to UK Jain Manuscripts One JAIN Support costs 3,565 5,976 8,617 2,136 11,677 8,617 Unrestricted Funds Restricted Total Funds Funds 2023 4,885 836 3,689 206 Donations Paid Access to UK Jain Manuscripls One JAIN Support costs 4,685 836 3,e89 206 5,727 3,689 9,416 10-
Institute of Jainology Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 30 September 2024 Support Gosts - governance Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Donations Paid Access to UK Jain Manuscripts One JAIN Governance costs 3,565 5,976 8,617 3,565 5,976 8,617 2,136 20,294 4,685 836 3,689 206 2,136 2,136 18,158 9,416 10. Indépendent examinatlon fees Independeiit Examiner Fees have been waived. 11. Staff costs The charity did not have any employee in the year. 12. Trustee remuneratlon and expenses The Directors, who are also the trustees, received no remuneration or benefits during the year. 13. Investments Shares In group undertakings Cost or valuation At 1 October 2023 and 30 September 2024 Impairinent At 1 October 2023 aiid 30 September 2024 Carrylng amoiii)t At 30 Septeinber 2024 At 30 September 2023 All investments shown above are held at valuation. This represents 1000/0 holding of shares in Jain Spirit Limited being one ordinary share of £1. The Jain Spirit Limited has been dormant from incorpor8tion to date. 11
Institute of Jainology Limited Company Limited by Guarantee Notes to the Financial Statements fcontinuéd) Year ended 30 September 2024 14. Debtors 2024 2023 other debtors 1,785 15. Credltors: amounts falllng due wlthin one year 2024 2023 Other creditors 2,005 16. Analysis of charltable funds Unrestrlcted funds At 30 September 2024 At 1 October 2023 Income Expenditure 129,260 General funds 114,040 26,897 {11,677) Al 30 September 2023 At 1 Octobér 2022 Incom8 Expenditure General funds 117,686 2,081 {5,727) 114.040 Restrlcted funds At 30 September 2024 At 1 October 2023 Income Expenditure 276 Restricted Fund 844 8,049 (8,617) Al 30 September 2023 At 1 October 2022 Income Expenditure 844 Restricted Fund 1,539 2,994 (3,6891 12-
Institute of Jainology Limited Company Limited by Guarantee Notes to the Financial Statements (eontlnued) Year ended 30 September 2024 17. Analysis of net assets between funds Unrestricted Funds Reslricted Total Funds Funds 2024 Investments Current assets Creditors less than 1 year Net assets 129,259 276 129,535 129.260 276 129,536 Unrestricted Funds Restricted Total Funds Funds 2023 Investments Current assets Creditors less than 1 year Net assets 116,044 {2,005) 114.040 116,888 (2,005) 114,884 844 18. Related partles During the year, the company paid £3070 (2023.. Nil} to Thought Agile Ltd, a company in which a Irustee, Mr Himansu Jain, is a controlling shareholder. 13-