REGISTERED CHARITY NUMBER: 1145786 Trustees, R rt and Unaudil Fin ncial Slalemenls f r the Ye rEnded 31 r20 at uru V Imik Ji M hara Mandir Gi Ashram U.K. A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingham Wesl Midlands 821 OLG
Th• tru8le• pr•31 t11 th• nn¥ndo1 thlements ol the for IIN• y••f •rthi 31 f¢tr 2023 Th• Iru8teeB ha adopl8d the proviJion8 ol Accounting and Reporting ty Charrti•J Si8l•menl of R•commended Pr#clic8 app1K8b lo ch8rils prep8ring their acA>unt% In accordance ttw FNrtsal RepOrta Standard applicable in Ihe UK and Republic ol Ifdand IFRS 1021 leffeclN• 1 Jowar 20191 STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•mlng document The chanty ts Controlled by rts governiThJ document. a deed of trust and con8trtules an Unincat Cnty REFERENCE AND ADMINISTrATIVE DETAILS Registered Charity number 1145785 Princlpal address 54 Asler Way Walsall West mlandS WS5 4RX Trust• P Bhagania Tru$le6 T Ram Trustee N Singh Trustee Independent Examiner A S Kalsi & Co. Chartered Ac¢ountants 77 Holyhead Road Birrningham Wesl Midlands B21 OLG Appfoved ty order of the board of trystees on 11 March 2025 and signed on its behalf by.. P Bhagania - Trustee Page 1
Ind•pend•nt •x•mln•e• rnport to the tru•t••• ol Jag•1 Guru Valmlk JI M•hafaJ Mandlr Ol•n A•hr•n I repthl lo Ibe ch8nty Injslees on my examinalion ol the accounts of Jag81 Guru Valmik Ji Maharai M•nth Gian Ashram U.K Ilhe Trust) lof the year ended 31 Demter 2023. Respon4lblllllè$ and basls of r•port As Ihe chanly Iwslees ol Ihe Trust you are feswnsible for the prep8ralion of the accounts in accord•n ¥fflth the requirements of Ihe Chanlies Ad 2011 I'lhe Act,). I re[rt In respect ol my examinatn of the TTusl's accounts camed out under SecU"on 145 of the Act and arrying out my examination I have foll0vd all applicable Directions given by the Charity Commis under Section 145{5llbl of the Act. Independent examlnefs Statement I have completed my examination. I confirm that no material matters have come lo my attention connecbon wlh the examination giving me cause to believe that in any material re5pecl.' auntIng records were not kept in Tespect of the Trust as required by Section 130 of the Act.. or the accounts do not 8ccord with those records. of th8 accounts do not comply wth the applicable requirements concerniThJ the form and content o accounts sel out in the Charitie5 (Accounts and Reports) Regulations 2008 other than an. requirement that the accounts give a true and fair view which Is not a matter con51dered as part of ai independent examination. I have no concems and have come across no other matters in conneclion with the examination lo whicl attention should be drawn in this report in order to enable a proper uTr#erstanding of the acoounls to bE reached. Uijal Ghosh A S Kalsi & Co, Chartered Accountants 77 Holyhead Road Birmingharn Wesl Midlands B21 OLG 11 March 2025 Page 2
31 122J Unf8glrKted fund 31 1222 Tcrfal fundj INCOME A14D ENDOWMENTS FROM [kn•tnI •rid legac* 32.618 18,388 Inbwlmenl meomè 3.050 7,2(Ki Total 35.668 25.588 EXPENDITURE ON Other 38,781 20,362 NET INCOMEIIEXPENDITUREI (3,1131 5.226 RECONCILIATION OF FUNDS Total funds bfoughl forward 75,954 70.728 TOTAL FUNDS CARRIED FORWARD 72.841 75,954 The notes form part ol these financial statements Pa9e 3
31 1223 Unreslr£l•d fuThJ 31 1222 Total Notes FIXED ASSETS Tangible assels 77.187 CURRENT ASSETS Cash al bank 13. 22.453 CREDITORS Amounts falltng due wthin one year 16CQ) {750) NET CURRENT ASSETS 12.763 21.703 TOTAL ASSETS LESS CURRENT LIABILlllES 89,950 CREDITORS Amounts falling due after more than one year 117,109) 123.0541 NET ASSETS 72.841 75.954 FUNDS Unreslri¢l&J ftjnds 72,841 75,954 TOTAL FUNDS 72,841 75,954 The finanual slalement5 tre approved by Ihe Board of Trustees and authorised for issue 11 March 2025 and were signed on Ils behaK by". P Bhaganja - Trustee The notes l¢ym part ol these financ1 slaiements Page 4
ACCOUNnNG POLICIES B4•h ol preyrlno lh• Ilnancl41 •t•lemeptJ The finanu81 slalement8 01 Ihe charily which is 8 public benefll enlrty under FRS IIy2. have teth ryepared in Jccordance wlh the Charit$ SORP IFRS 1021 ,Accwnla •Th1 R•p)rtmg ty Chaxrt Slatemenl ol Recommended Practice appIable lo cha¥rts prepaiirnj Ihwr accoun1$ fft •ccrydgn ¥4rth the Financ181 Reporting Standaid applicable in the UK 8nd Republic ol Ireland (FRS IW2 leffeclNe 1 January 20191., Fin8nci81 Reporting Siandard 102 'Th8 Finanuol ReKK)rtwg Slandari applublo fft the UK and Republic of lieUgnd' and Ihe Charilw Acl 2011. Th8 fina1?1 •1•1 have ien prepafed under the hrnlonc81 c051 convention. Income All Income is iecognised In the Slalemenl of Financial AclNilies ore the charty ha$ entluernnt 14 the funds. Il Is probable thal the Income wll be receNed and the amount can be measured rehaW. Expendlture Liabililies are recognised as expendrture as soon as there 1$ a al or constructNe oblvat committing the chanty lo that expenditure. rt Is probable that a transfer ol economic benefrts wrfl required In settlement and the amount of the obligation can be measured reliably Expendrture p. aCCOLbnted lor on an accruals basis and has been classrfied under headings that aggiegaie all c05 related lo the category. Where costs cannot be directly attribLtted lo particular headings they haw een alkjcaled to activ¢ties on a basis consBtenl wth the use of resources. Tanglble flxed assets Depreciation is provJed al the following annual rates In order lo write off each assel over IL, eslimaled useful life TaxitloTr The charity is exempl from tax on its charitable aclivilies. Fund accountlng Unreslrtrcted funds Can be used In accordance wrth the Charitable objectives al the discretion ol I liuslees Restricted funds can only be used for particijlar reslficted purposes within the objects of the charily Restrictions arise when specified by the donor or when funds are raised foi particular restr1 purposes. Further explanation of the nature and purpose of each fund Is included In the notes to the finana< statements Hlre purchase and leasing ¢ommitment• Rentals paid under operating leases are Gharged to the Statement of Finanaal Activrt*s on a Strah line basis over the period ol the lease. Page 5 continwj...
ah nded INVESTMENT INCOME 31.1223 31.12 22 Rents wived 3,050 7.21)J TRUSTEES. REMUNERATION AND BENEFITS There V•prè no trustees. mneratIOn or other benelrts lor the year ended 31 Decemt*r 2023 nor fo Ihe year ended 31 December 2022. Trustees. expenses There wpre no trustees, expenses paid for the year ended 31 December 2023 nor for the year ender 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM [jonatnS and loga@$ 18.388 Investment incom 7,2C Total 25,588 EXPENDITURE ON Olh6r 20.362 NET INCOME 5,226 RECONCILIATION OF FUNDS Total lunds brought foThYard 70,728 TOTAL FUNDS CARRIED FORWARD 75.9 Page 6 continued.
TANGIBLE FIXED ASSETS Fixlur FFOelKJhJ PfOPOfty COST Al 1 January 2023 arhj 31 C*¢emter 2023 76.517 8Q.517 DEPRECIATION At 1 January 2023 Charge tor year 3,212 118 3.212 118 At 31 DeCnber 2023 3,330 3,330 NET BOOK VALUE Al 31 Decembei 2023 76.517 670 77.187 At 31 December 2022 76.517 77.305 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12 23 31.12.22 Other Cfedrtors 600 750 CREDITORS.. AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.12.23 31.12.22 Bank loans (see note 8) 17.109 23.054 LOANS An analysis of the maturity of loan$ is given below". 31.12.23 31.1222 Amounts falling due in more than five years.. Repayable by Insl8lmenls-. Bank loans more 5 yr by instal 17,109 23.054 Page 7 conlnued...
Ju ni MOVEMENT IN FUNDS movemenl in funds At 31.12 23 Al 1.1.23 UnrestrIct lunds Genefal fund 75.954 {3,113) 72.841 TOTAL FUNDS 75,954 13,113) 72.841 Nel movement in funds, included in Ihe above afe as follows.. Incoming resources Resources expended Movement in funds Unrestricted fund$ General fund 35.668 138.781) 13,113) TOTAL FUNDS 35,668 138,781) 13,1131 Comparatives for movement in funds Net movement in funds At 31.1222 At 1.1.22 Unrestrlcted funds Genefal fund 70.728 5,226 75.954 TOTAL FUNDS 70.728 5.226 75.954 Comparative nel movement in funds, induded in the above are as follows.. Incoming reSOurS ReSoUrS expended Movement in funds Unrestricted funds General fund 25,588 120,362) 5,226 TOTAL FUNDS 25,588 120,362> 5.226 Page 8 continuéd ..
In hey MOVEMENT IN FUNDS - contlnued A curTenl year 12 month8 8nd prlor year 12 monlh6 ¢ombined po•Aw rt 88 folb movem1 in lur¥8s At 31.12.23 Al 1.1.22 Unfe•trl¢ted funds General lund 70.728 2,113 72,841 TOTAL FUNOS 70.728 2,113 72.841 A CUlTent year 12 months and wior year 12 months Combined net movement in funds, induded in I above are as follows Incoming resources Resour5 Movement expended in funds Unrestricted fund3 General fund 61.256 159.143) 2,113 TOTAL FUNDS 61,256 (59,1431 2,113 10. RELATED PARTY DISCLOSURES rhere were no related party transaCtnS for the year ended 31 December 2023. Pa98 9
nci vrt 311223 31.12 22 INCOME AND ENCK)WMENTS Donationi and legacl•• Donations Subscnplioni 31.043 1.575 17.324 32,618 18.388 Investment Income Rènts received 3,050 7.2C(J Total Incomlng resources 35.668 25,588 EXPENDITURE Support ¢08ts • other Rates and water Tesephone Depreciation of tangible fixed assets Bank Interest 9.503 4.685 259 139 465 118 710 10.819 5,548 Governance Costs Repairs and Maintenance Food Expenses Insuran Light and heal Gifts To Visitors Sundrtes Accountancy and legal fees 9,249 4,503 2,030 6.574 2,577 2.429 4,252 1.789 1.860 5.221 790 302 600 27,962 14.814 Total resources exr*nded 38,781 20,362 Net lexpendlturelllncoffle 13,1131 6,226 This pagè dt)es not form part of the slalulory financial statements Page 10
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