Jainagar Trust 95 Fulton Road, Sheffield. S6 3JL Charity R8gistration No. l 132683 Annual Accounting Statement For the 12 month period ending 3 1 st March 2024 Prepared by Matthew Dovis IFCCA, MSI) Graee Aeeountlng Gra¢e Aeeountlng Accounting Statement (Receipts and Payments Basis) Jainagar Trust- Charity Number 1132683 Section A Unrestricted Funds Receipts Breakdown Using Own Analysis 2024 2024 2023 2023 Gifts & Voluntary Rocelpts Donations ond Gronts Legacies 11,615 15,000 20,495 20,000 26,615 40,495 her Receipts Sundry Income Bonk Inlorost Ro¢0ivod 803 140 80 140 TOTAL RECEIPTS 27,418 40,635 Payments Breakdown Using Own Analysis 2024 202A 2023 2023 Charitablo payments Donations Newsletters Trovel Subscriptions 5,67 156 168 156 Paymenls for Admlnlstrallon, and Manogement Legal, Professional & Accounting Misc8lloneous Exp8ns88 190 190 TOTAL PAYMENTS 16,300 33,491 N•t Surplus / ID•fieiil Transf•rs to Restrictod Funds Cash Funds last year end Cash Funds this year end 7.144 76,886 88,004 69,472 76,886 Section B Restricted Income Funds Thoro no ro•trl¢tod Incomo or OK￿ndit￿r0 item• in tho peria undor royi0y￿. Page2of8 Section C Endowment Funds The Chority does not have ony Permanent or Expendoblo Endowment Funds Section D Statement of Assets and Liabilities at Year End Cash Funds Unrastricted funds to neoresl £ Restricted funds to near•st £ Endowmeni fund$ to nearest £ C05h in Hand Balances h•ld in Deposit Account Bolances held in Bank Account 58,959 29,045 Total Cash Funds Other Mon8tary Assets Unr•strict•d funds to nearest £ Restrf¢t•d Funds to neorest £ Endowment funds to nearest £ Incom• Tax Clolm Du• For Ropoymont oihar Dabk>rs & Pmpoyments Total Oth•r Monalary AsJotJ Investment Assets Fund to which it Cost Currant Valuo belong) T•rm Doposits Other Inveslmonts Total Investment Assets Assets Retained for Charity's own use Land and Buildings Plant and Equipment Fund to whlch It belong8 Cost Current Value Gtsnèrol Fund Gonarol Fund Total Relalned AJselJ Liabilities Fund to which It belongs Amount du within one year {Cvrrenil Balance dua afrer one year (Long Term) Independent Examiners Account Due Oth8r Liabilities - GNF Support JthA 202A General Fund Gonerol Fund 130 5,700 Total Llablllll•¥ 5,830 Page3of8 Graee Aeeounting Independent Examiners Report on the Annual Accounts Recei ts and Pa ment Accounts Report to the trustees / members of: Jainagar Trust Registered Charity number: l 132683 For accounts covering year ended: 31 st March 2024 Sat out on Pag•s: 2 through 3 abovo RoJpoctiv• responsibilities of tru$lo0s Th• charity's truste88 considèr that an audit is not requirod for thi$ y•or and Inde￿ndant Examiner: under seclion 144121 of thg Charities Acl 2011 (the 2011 Act) ond that an indepondont examination is needed. It is my responsibility to: examino the occounls under section 145 of the 2011 Ad," b follow the procedures laid down in tha general Directions given by the Charity Commission under section 14515llbl of tho 2011 Acl,. and to slolo whdher particulor mollers hayo come to my Ottontion. Basis of Ind8p8nd6nl •xominars report My examination was carriad out in accordan¢• with th8 g6n&ral Dir•clions given by tho Chority Commission. An èxominotion includos a rgview OF the accounting racords ktspt by the chority and a comparison of tha accountj presented with thoso records. It also includes consideration of any unu5voI ilèm$ or dijclosures in the accounts, and seeking 8xplonations from you as trvstoe$ concornin provide all the evi any such mattèrs. Tha procèdures undertakon do not enca thatwould bo roquired in on avdit and consequan no opinion is given as to whether ihe accounts present o 'lru• ond froir view, and th8 raport is limited io tho¥6 matters Jel out in the stalement below. Indopondent examlner's slolamant . In connection with my exominotion, no matter hos come lo my attantion 111 Which oivès mo rèasonabl• Ca￿￿ to bèlim that in any mat•rial mSP8Ct tha requirements :. {&) to koop occounting rncords In accordance wlth section 130 of the 2011 Acl; and (b} to prepora oceounts which accord with tho accounting rocords and to compty wlth th• oc¢ovnling r4uiromonts of the 2011 Acl hava not b•on mel; or 121 lo which, in my opinion, cttenlion ¥hovld bo drawn in order lo enable a propor understanding of the accounts to bè reoched. Signatur• Nome: M Dovis Date . 27 November 2024 Address Grace Accounting Ryton on Dun5more Warwickshire Pag84of8 Trustees, Annual Report (Accompanying Receipts and Payments Accounts) Section I al and Administrative Information Charity Namo . Jainagar Trusl Other names chorlty IJ known by . None Regist8r8d charity numbar . l 132683 For financial year Commoncing on . I st April 2023 For Rnonciol ygor ending on . 31 st March 2024 Chority's Principal Addros$ 95 Fulton Road, 5heffi•ld S6 3JL Appointmont of Trusl8è$ . Thè monogement of iho charity is by o Trust which has th• power, ¥lmple malority vot0, to appoint trustees. Names of Truslees Chairman R8v R tk)nald Iroappointsd 26 FQbrL￿ry 20241 Secretary W. E. Mills Treasuror Mr R P Panek Mr G. Woods Mr G C R Wlllloms Mrs H Harrix)n Poge5of8 Section I Legal and Administrative Information (Continued) Governing document . The objectives, organisation, management ond operations oFJoinagar Trust ore governed by a daed of trust dated 4th S8pt8mber 2009, updated 25 November 2023. Objects of the charity . To ralieve sickness ond financial hardship. To preserye good health, advance education and development to moturity OF children and adults according to Christion principles in India and the World. Reserves policy . A Reserve Fund is in the Form OF a Deposlt Account. It is kepi to drivi on in timo5 of economic change or when •xlro capital expensès arg roquired. Trust bankers Borcloys Bank PLC Section 2 Activities and Achievements Aciiviti83 and a¢hiov•m•nts of the chority durin9 tho year in r8lation to the objects . Th• Jainagor Tru31'5 UTI major oclivilieJ in 2023/24 have continued ￿ cenlro on our main charilobla objecls.. fr> relieve physical hordship ond sickness ond b improve the qvolity of life ond Kiurè opportunities of a particulor group of ngody women and girls Original￿ orphaned in Gorokhpur in Northeastern Indlo thotwe hove troditlonally soughi to $inca tho charity was foundod, Sp•cifically, tha charity hai baon supporting the Gorakhpur Nurmrloi F•llowJhip IGNFI Orphanage for 50+ girls and aduli womon in Gorakhpur, India who wore ol)ondonod as bobiès or childmn for a variety of reasons by their birth parents. The Nurseri8$ havo l)aen run for yoarj on tho modal OF a largè Chrijllon fomlly and c¢)mmunity originally led by UK mis$ionaTI05 from lh• 1920s onwords and now recenfy by indigenous Indian Christian sknff. Tho Trujl pay5 bward3 the housekeepin91 du¢otion and training of those livSng in the GNF. When qualified, somè woman lea￿ ￿ live independently, x*me marry and set up their own Chri$lian homes and fomilies and some ramoin in the NursoTies to help with its day lo doy running as bua$. Ther• or• many stories of individval gir13 ond odults b8ing helped and supported by the JT to obtain educational, professionol and practical quolificolions lo anoblo Ihom k) Iivo independenfy. Th•sa accounts are communlcaled through a regular nowsknèr thot is sent b donor5. contocts and interested partiès. During 202311 b•camo intfaas1n9￿ cknr thatr the fuhJr• of the Nun•ri•$ is chongin9 and th• ¢urr•nl provision of facilitiei on th• 8il• to m••t n•w no•d¥ vffjs outdated and must bè redevebpod. Tha numbor of abandoned babi83 and childran browJhi to tho GNF has Marked￿ decreased because of new Indlon lagislallon and *xlal 2•ryices ¥upport for fomilies in neod. The existing r85idual community has doclinod in number partly as o sult ofthis, and alx* becausè young women hav• hhafbr obtaining work qualiftcotions withovl new bobies LY children r•placing them. To address the new circumstonces the Indian B)th are eXP￿thI to be ready for u3• by th• end of 2024/eoAy 2025. In view of Ihe5e chonges, Jainagar trustees hove Lwn V￿rkIng clos6ty with Iho GNF Choir, Rev Girish Chandra, and other Indion trustees, to discus5 what Ihe fvhjre role ond involvement OF thaJT should b8 in the continuing care of th8 ageing woman and gids slill livin8 in thè original Nur￿ries, and peoplè usin9 ihè new medicol and JGhool foGilili•J being built. Page6of8 Section 2 Activities and Achievements - continued JT trustees hav6 mode vorious successful trips b Gorokhpur during thè your incI￿1n9 one formol visil in late March 2023 by the Chair, Rev Robert Donald, ond Iha Treosurer, Rolond Panek. Théy md Rev Girish Chandra, Choir OF Ihe GNF Trusl, viewed tho progress of the differanl building projects, agreed new bvdgoting arrongem&nls and other oprolional policies for tho existing Nursèriés and discussed the roh of tho JT, if anyi in the running and fur¢clioning of the new facilitie3 un&r construclion. Informal visits vAre also mada to the GNF by hvo trustees on separate occasions in 2024. Som8 further small improvements and rapair5 haw boon madè to tha ￿l$ting GNF communal buildings during tha year to moderniiè kikhens, loil6ts, shower ro3ms, bedrooms, dining areo and sknff accommodalion. However the much overdue major r•4urbishmenl work and robuilding thol Is urgently needed to én3ur8 the Nurseries meel thè 21 $1 cenlvry Indlan sklndards, now righfy oxpected for such Charl￿ble work, hos bgen doferred. This redevelopment vms ra13￿ during the Choir's 2023 formol visit and will begin when the JT hos agreed with the GNF trvsto05 its hJbJr6 role ond support for Ihè 8xi51ing wmmen and gids in lh8 original Nurserlès. community ond For ony ngw similarly néedy chiHmn ond/or adults who moy bg provided for in o completely new build Nur$ories' development which is now Prof￿d. This wovH mean mony or most OF tha curr8nl communal buildings will bo damolished to make room for this. Much of our trust•oi' limo over tho last y￿r has b￿n knken up with discwsing Ihe oulcomo of ￿rtUal Z¢￿rn meotings held with the Rw Girish Chondm ond his son Mr Amreesh Chondro, on how the conslruction ond running of this naw focilitywill b• hJnd•d and thè rol& thol the GNF Trust ￿peCts lh• JT b play for financial support in the hjturè. During 2024/25 our trust••s will have to moko a Pinal declsion oboul the exlenl of JT'S future Invol￿ment In Ihls projKI and d•ponding on Ihis oulcome, Board members may hove lo considor a molor fundraising Initioli￿ to increase Iho Trusl's resourcos. We hav6 recolvd and coniidored th6 o¢counts of Iho Gorakhpur Nurserias F&lo￿hIP for the years ended 31 March 2024. In the year under review, the JT roceived donatlons and granls of £1 1,61512023: £20,457l of which £NII12023: £7,5841 wos derived from ov8r$80$ ￿ur¢?5. In addition b this. tho Tru$1 roCeiV8d legacy donations of £15,1))o 12023.. £20,000) bul thi3 is nonwrecurrenl income. The Trust made donations of £15,673 12023.. £38,013) in the year direcily lo support Ihè doy to day work and expgnses of Iho exisling Nursarios. Aftor oth•r In¢idenknl exp8ndibJm, lh• Trusl made a nel $urplu# in Iho year of £1 1,118 12023 surplus.. £7, I a41. Net funds avollobla 0$ 01 31 st Morch 2024 were £88,004 12023- £76,8861. Expenses conlinu8 10 oxceod general donolion receipts (excluding Legaciesl. Trust¢es havo agreed a policy to cap the Month￿ supprt gront sent to the Nurseries at approx1mate￿ £2,¢)JO par month unlil tha treosurnr r•c8ives mor• detail•d m¢nthEy budgel infomiqtion on the GNF income and exp8ndilure than currenfy received. JT ore working with the Gorakhpur Nurseries Fellowship to idontify the oppropriats level of corn hjnding b bo providd knm tho UK, given Ihat th• GNF has k￿lthY financial resources al present while the Jr has a reducing balan￿. Currently, the Tru* hdds o 5ubstantsol amounl in their deposit occounl. In addition b funding the exponditure deficil, this is being rolainad to meot anticipa￿1 fu￿re ng•ds for major building work3 ond a rofvrbishm8nt progromma for the Nurseries in Indio as previously described. Th? Trusl hos odvtsed the Chair of tha GNF thol ovgr lime their Trust will need to become r8venu8 s•IEsuppr+ing in Vi•W ot th• ttifvd• in India ￿ bkEk external ckri6lion charitable funding of Christion projocts in the county. Page7of8 Section 3 Public Benefit The trustees confirm that they have r8f8rred to the guidanc8 conlained in the Chority Commission s genoral guidonce on public benefit when reviewing the Trust's aims and objectives and in planning future activities. The trustees ar8 also awar8 of the Charity Commission's guidonce on public benefil in The Advoncemenl of Religion for the Public Benefit and have had regord to it in carrying out th8 activities d8scribed in this report during the y8ar ended 31 March 2024. Th8 Irustees confirm that they have complied with their dulles Under section 17 of the 2011 Charities Act with regord to public benefit. Section 4 Doclaration Th• trustees have approv8d th• trustoes, rèport abov•. Signoture . Full Name . MrRPan Position: Treosur•r Date . 27 ICL Poge8of8