Compllni r¢oistr#lion numbLir: U7491521 Chai-it). registration llUEnbei-: 1155152 Palan Foundation Company Limited by Guarantee Unaudited nancI¥l Statements 31 Januari. 2025 AMEY KAMP LLP Cl)artcred Accountaiit 310 Harroiv Road WcTnblcy Middlesex HA9 6LL .'DornbttienlRef...YB5N&IIYAWRFRMD1x..:.'
Palan Foundation Compan). Limited bv Guarantee Financial Statements Year ended 31 Januars. 2025 Page Trustces, anniial rcpnrt {incorporaling ihe dircclor'% le>) Cl)artered accounlani's report to ilie board of lrn%ic¢.s on Ihc prepataiion of ihe unaudited slJliitory finanknial slalcmcnt5 SthivsiK'DI vrrinanchil aLiivilies {includiiigr inLOmL and ¢XPLndttur¢ aLLountl StotcJnL'nt of finanrial position Notes to thc fiE)Jncial stthlemenL% Oociimerit Rel:".Y.BSNJ'triYAGG-SRFRMth4ZDIk":
Palan Foundation Company Limited by Guarantee Trustces, Annual Rcport {Incorporating thc DircctTrr's Rcport) Year ended 31 January 2025 Tlic Iruslccs. ii,ho arL also ihc dircctor5 for the purposes of compthny laii,. prcscn1 thcir rcport and dic unaudilL,d linancial slateniLnts of ilie ¢liJrily for dK" )Lar LdLd 31 Janry ?025. Refercnce and adniinistrntive delails Rckllstored iharity. naTlle Palan Foiindaiion Charity rLEislration number 1155152 Compan). rcRistr¥tlon number 07491521 PrincipJl offiee and rcoistercd office 310 lIarro. Road lemblcy liddlcs¢i HA9 6LL ThLi trustees NITS. K. PJldn Mr. N. Palan Mr. M. Vashi Mr. M. Palan Ms. M. Pul1 Aniey Kamp LLP Chartered Accoununts 310 Harroii. Road Wctnblcy Middle&eX HA9 6LL Document Itè!....YB5NJ-HYASRFRm..MZDlx
Palan Foundation Company Limited bv Guarantee Trusteos, Annual Report (Incorporating thc Dircclor's Report) (LilllilttÉdJ Year ¢nded 31 Januarv 2025 sl¢tre> goi'trnanec amd management Tl)¥ l)r[ni¥-I(loTh is J Lhlable cuiiipJny limile¢J by guatunl¢¢. illLoTpordi¢d 13 JJnuJry 2011 regFiStered .Is a charils, on 13 Dc¢¢mb¢r 2013. ThL comp#ny il'as establisl)ed under a mcmorandum ofo550cialion ivhicl) Lstablish¢d ili¢ Dbjecls and poivers or thc chariLiblc con)pJny artd it is Lwoyerned undL'r its articles of association. All iru51LLS g?iVL thLir limL' voluntarily and TecLlI'e no Ix'nLf115 (M IhL LhJrily. Cyrant miking policy Tl)L FiiundJlion nlY niJkL' bTTllllts Js J finJn¢idl Jwdrd iu ¥uppori LhariiablL JLliviliLs. usually lo rL¥TisILrL'¢J charities or chJritable conimunitv groups. but bometimC5 to oihcr bodics or lo indiNiduJls provid¢d that they are in lini i%'iih our kcy objeciii'cs. Gnnl rLquLsis ii rc nonmally rcclivixi froni our ¢xisiinb L'noii'n SOUCLCb ihal IVL liai'c a continuous track rccoid in working iyith. or rhe rcquests ivould come fron) sources that we hai'c beei) able lo Jnevi perso111), ond hai'v Scen Ihcir iyotk in Ilic yisi. F.vcry' grani beforL beknLr released is asscsscd and ihL lrnglc¢s iioiild alivayb mecr ihc rccipicnf's organisalion or person to ensllre ihat ihc eihos and objecfivcs are fully MLI 4ind und¢r510¢1d. Inslitulions feLeiving granls provid¢ r¢gular piogress rLP)t1s 3nd projccts Jre visilcd on nun)erous occasi(>ns by th¢ tnJ$1¢¢5 01- tlie Foundation and their rcprcscniatii'cs. For sustoinability ot. pmjects, achieicinenls. the FoundJiioll SLeks io iiiaintain ribiorous munilorinbp and evaluation procedure5. ..Dacumeal Re(:"'.y.85Ni-PIYSRFRM-mzDlX
Palan Foundation Companv Limited by Guarantee Trustees, Annual Rcport (Incorporating the Director's Report) Year ended 31 January 2025 Objectiyes and ailivittes The LhJrity il'as IllLVIP(Jrdled 13 January 2011 Ti1¢[¢d J5 J chAiilS' on 13 De¥¢n)ber 2013. Tlie ei11(Trs or the charily is ba5cd on ilie Sanalan Hindu philosophy of promotig hatmony il'iih all lii'ing bein&)s Jnd iviili nalure. Inspired by inessa¥e of Hll Praiiiukli Sivaini MJhJraj {1921-20161. h<ad of BAPS Sivaininarayan Mandir, Ivho l)ad inspired Inillions of people to iviih hi5 life mcssage of "In ihc joy ofothcrb liets our oivji" TIIL DbjeLts of rliL Llsarity a. To Iidvan¢L Jn41 promotL IIIL educaliL)n olyouns pLuple in ordL'f lo dL'v¢h)p charilablc and social ii¢kJls to btllLfit thc conimiinity at laTgc ilir¢xigh CLliicationJl. social nd charilablc cth05. To adi'ance the Lindcr.4lJndiI)g of ilic l.lindu fi¢ ith fvT Ili¢ public bLii¢fil. by ihc provision of graiiis iv Ilindu Orb¥an11101jS eslablislied for tlic advanccincnt ot-rcligion. intcrfaith activili, cducalion, and %ocial and community matters Jnd in particiilar bLIt not cxclusivL.ly, BAPS Shri SiYan)inJrayan MDndir. Thc iYi)rk i)f thc Ll)llrity is foL"use(l on mdttcrs tl)al ronr¢m% and Jffe¢L% ilic l.Sindu Cominunity priiiiarily in iivi) PCI)&Fraphical )Te&% - United Kiiigdom and Indio. This yc&r, and &Toing foDYard for It forL£c¢dblc fvture, Imslces iyould bL lijiiking ai mattcrs that affcct t1 coiMinunTly in tlic UK. in parti¢ulur, hoifv, 10 h¢lp ¢r¢alo J bcii¢r a¥v41fLllL5, und¢rslundill&¥ JrA] protretion of IliL Santt11n Hindu YaluLS ihmiigh a hannonious and Lo-opcrJti¥'c approach iviihin ihe comn)unily and iviili oiher ¢ommuntllCS. ThL Irustees rci'Tei%' Ilie aiins. objcclii'LS aiid aclii'ilies oftlie chariÉy Ldch l'ear. This repofl looks dt thc Lharitv's acl)iL'vcmenls and ihc Olilcoincb of its ivork iij thi rL'porling period. Tlie trLtst¢¢s r¢poM Il?¢ success of¢Jch key activity and ihe benefits the chJrity lias brought to those groups of pcoplc that il 1% sel to help. Th¢ TCTr'l¢I, also h¢lp5 th¢ iTusl¢cs cn5V the ¢l)arity's aims. objectilles and activilics remained focused on its StalL.d PIII])05L'S. Th¢ trnsl¢es hav¢ ref¢rrcd io the gFuidaiicc contained in ihc Charity Con)mi.%sion's general ¥fuidan¢e on public benefil whcn i¢i"i¢M'inL Ihe Lhariiy'5 ftims and obje¢ÉiY&s and in plamiinsr ils future aclivities. In Pdnicular. ilie ttusi¢¢.F con.qider hoii. planned aelivities iii. 11 contribute lo tlic aims and objLCtii'es that havc bcLll Sel. OouJThiént'.fte!...Y85N&HYAWBFRM'MZDIX..'
Palan Foundation Compan). Limited bv Guarantee TrustLes' Annual Rcport (Incorporating thc Director's Rcport) {ruIiiicrf) Year ended 31 January 2025 Achievements and perfonnanee Tlie LhJrily's m171 aciiviiies bYn¥fiLiaries are de5cribeil beloii.. All its charilJble aclivilies Jre undenaken fo the public bcncfit. Th¢ clill ritv achiei'c5 its objecliiTe5 by m1king grants. to orguMi%alions dJJd 5UPPDrtin( individuals ii'itii bursaries. T]ic trustees considcr applicJiions r(?r funding froiii orgJnisaiion¥ in lh¢ UK llnd India dnd awards funding Jftcr con.%idi'Tation i)f thL merit of tlic proposed actii'ity. and its impact OTh Ilic cornmunity. T()lJl Granls of £?7,190 {2024.. £33,576) IverL' modc durin&. IhL vcur. Onc ScholJrbhip Jnd Ir4iriOU& fLsearcl) funding ii'Js providid. Supp)rtcd an cducaliTrnul scminar in LoJ)don on Harnion). dnd i'arioiis cos¢% J550cialcd Miih n)aintsin2nbT iYebsitL"s arL incliided in ihi4 cosl. lulLbrfailh and Comtnunitlcs A¢ti%Yties Toldl £144,02812024: £1.165.9521 il'as spcnt lo pmmotc various intcrfuith aclivilic5. This in¢ludL'S loijl uani or £i7.486 (2024: £1.055.085) paid to various instiluÈiop5 towards bUPPOrt of Interfaith aclivitics and iolal TrThI or £500 (2024-. £%06) paid io vJrioiis indii'idual5. 'I'hes charity Iws supported various inlerfaitb aLtivities as lisied below- _ Suppori of fLSti%'Jls - Disliibulion of oier 20.0 Rakhis durino RaksiiabarHllJan festival. and attendiftg Prc.scnliL tions at Illcsiminsier Toiv Ilall- Siipporting celehration of Diwali in Tralals?r r 8qLiJre cornmunitlC5' cvent in sclling up a ructUre for a clJarity- Aciion for Hamiony CL.lebration of Indian soldicrs, contributsun dbjring. Wll, Supporting Ihc work OCAPPG for FORB. IlelpinbT set lip visilois, cenires in teniples. for visiiots and for teacher& where ihey can learn pboul Hindu DhartnJ. 'orking iyith SACRI 10 preparc matcrial Io SUPFKin ¢thicalion oll Hindu. SUp}rting various tcmplcg in iheiri4'Drk for ¢ommiinity. .'Oo¢vrnéni Fèf;.Y85N&NYAGG-.SRFRM4wlZOIX ':._
Palan Foundation Compan). Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (v(JiiiiiiucdJ Year ended 31 January 2025 FinanfiAI revieiTr Ai the end vf il)e finJnciJl year. the Lh0rilJ held unreslricted res¢rve5 uf £375.50? {20j4: £61?.986) dnd res'iriclL.d rcscn'es of £ Nil12024.. £ Nili iyhich 117 mect thc intcritn taet 5Ct by the truslces. RE5eri'e policy TIIL trubl¢es t¢'niuin con¢'¢med aboui hJving J sin8Ic sour¢c olrcvcnuc and liJvL agrL¢d lu kccp n)orc rcseTh'c5. G4)inE ¢on¢ern Atlcr rnakiDI. ppmpriat¢ cnquirics. the t$1¢¢5 hJve a Tcasonablc ¢xpc¢tJtion thai Ihc charity ha% adeqiiutc TL%()urLLN to Lulliinu¢ in OPLrJliLinal Lxi.%tLD¢L fur thu fur¢xiablL fuiur¢. Fur this r¢'asun, (lityy bcli¥vL IIIGY ¢onlinuc to Jdopl lh¢ going Conccrn basTS in prcpJrints the fiNncial Slatemcnls. Iviih a good Reserv¢ Policy in pl?cL ivc du nvl forescc any coiiccrns a5 fLgJrds our ability lo cJrry on ii'idi our ivork for ilic foiLsccablc fuliirc. Appoinlmcnt of trystees ThL £hJrity IS LoininitlLd io eiisurinb biOVLYnanie arranbieinLnls thai arL robu*l to cn5iirL' Ihu( tlie charity, is in accurdancc iviih the u?ov¥minb doeumcnl and ¢urrcni l¢&yislation as wcll os adopiinb pru¥¢dur¢s or good practicc dnd iinprovc the cffcclii'ene of the charitv. T.%[¢¢5 ar¢ appoinl¢d by th¢ exisring board. Relat1 parlie RLlatcd pllrtics arc discloscd in notc 21. PriDripal Risks unc¢rtainti The TrnslL¢b hav¢ USSL'&%cd th¢ major risks ol grJnt utilisation proi'id¢d to ov¢r5¢&8 in%titvtiorbs, and aTC satisficd Ihal %JslL"ms dTL in plail (u r(duLi and mTligvJr li lh¥ ¢xpusur¥ Iv TL%ks b5 LTsufiTbLi r¢grulJr ¢%aluatiiin niuiiil()ring' nd folloiv up t-or dll grdnts proi'idcd to in.slitut?on5. Furtlierniorc. tlie Tru5rces visit India regularly and are able l(J moniior ihcse insiilutions. There is J risk Of httving a singl¢ ¥vur¢¢ i)r revenue which truslees have Mililed by liJvin¥ a robu51 Reserve Poliey. Doctsment."B?i'._Y.BSN&FiYAGG-SRFRM-MZDIX."" -":"
Palan Foundation Compan), Limited by Guarantee Trmstecs, Annuii l Report (Incorporating the Director's Rep(>rt) CrrinilnllL,dJ Year ended 31 Januar) 2025 PlaTrs for fulthre perifjds Ive are intL'iidin& tL) Lonlinu¢ supporting eduLalional waiii in UK and iii India. The Lurrent environiment conlinues to be u115table and it iq our intcnlion lo focus more in ihe UK and 5uppori the Sai)Jlan Hindu con)Iniinil)'. Flelping lo ¢ruie rnor¢ aii'aiene>S of challenbles iliai fJce ilie ¢ominunilies inleThially I1)iousl) ediicaiion and WOTkinLr iNiih tfDUPS thui h¢lp ercaic a nciw'ork of social aiid syiritual support. We are explorii)Ii Ihe po.%sibilii)' of organisinbi a DiiTr'ali fi.%livttl in ih¢ Royal Alben Hall in 202.5 and also supportinLw varLOU5 educition411 dnd kftfomativc symposiums for bettcr hamiony bclwcn thc Community leaders and voung gLneralion. Sn)all eompin} provi5iDn5 Tlii.8 report bccn pr¢pilT(xl in acc(>rdancc wilh ilic provi5ion5 applicablc lo compthnies cntitlcd to Ihc small ¢oinpuniL'S L'XLniption. Tlie tru%tces' l I report Ivas Jr4)rovc(l on 27 Odobcr 2025 and SiEn¢d on .half of the bodrd of tTUStcc.* b}.. Mr. N. P4tlan Trustc .'Documénl Ref.-'vB5MJ-FIYAGRFRKMzDIX
Palan Foundation Compani, Limited bv Guarantee Chartered Accountant's Report to thc Board of Trustees on the freparation of thc Unaudited Statutor), Financial Statemcnts of Palan Foundation Year ended 31 January 2025 As dcscribcd i)n the slalcmcnt ol- linancial r4)sitii)n. Ili¢ lThsle¢s ofthe ¢hJrity 4T¢ r¢sponsib5e for tlic prepardlion ol" thc findnLial siaicinenL% for the ycar Cndcd 31 Jailuary ?025. 11"hi¢h LonipYisL ihL siateinent of finanLldl clivilic% linLludinb income and expendilurc accoiinl). s1¢1 Icminl of financial posilion. .giDl¢ni¢nl ol- Cybh lloii's dJ)d tliL fLlatLd noie You con5idcr thut Ihe charity is erempt from audir undcr the C'ompanies tlct 2(Xl6. In aecordancL' Mtjil) your inslruLlion5 II'L havc c()mpilLd ih¢s¥ fitMn¢itsl stallm¢n in ()rdLr to #ssisl you lo fulfil your sttttulo respon5ibilitic$, from) tlic Jccounting rccords and i-roi)i inltsmidtion and cxplanaiions supplied to us. Kakip LLF AMEY KAMP LLP Cl)41ffcred AccouThlants 310 Harro1¥ Roud IVen)bl¢>' Nqiddlcsex IIA9 6LL Date:. 27 OclobLr 2075 liocument Ref...Y85N&HYAG&SRFRM4AZDIX
Palan Foundation Company Limited bv Guarantee Statemcnt of Financial A¢ti3'itlC5 (including ineome and expenditure aecounl) Year ended 31 January 2025 2025 UnresiriciLd 21i24 TDtJl funds Total funds ott IncDrno .qnd endoii'monts Dondiiolls itncl lesaLiC% Ini'cstnicnt incomc 8.00 25.976 60U.O()D 45.903 25,976 Tot•11 iHc(•tne 33,976 3.1,976 645.90.1 F.xpeDdi¢iire Expenditurc on Lliaritable actiiitits TotAI oxpendilllre 7,8 ?71,46U 271.46U 1.2117.47(J 271.460 271.460 1.2%7.479 Ncl gdins on iThi'¢blmLnis 4.413 Net expelldiknre net moi'emenl in funds (237.4841 (2378x4) 1637.1()3) Re¢onclliation of lund5 Tvttsl l-ullds brough( foTh¥'tsrd Total funds ¢arrSed fonvard 612,986 612,986 1,2.5O,149 375.502 375,402 612.9¥6 The sthtcmcnt ot financial actii'ities includc5 all eains losses rc¢ogni8ed in the year. All inLoni¢ expenditure derii'e frotn continuing actii'ities. lThe notes on IJ to 19 form part of ih¢se finan¢iAI st#ltmtnl& Docvmeryt Retr.YPSNJ-.HYAG&SRFRNi-klZDIX":_":
Palan Foundation Compan) Lirnited bv Guarantee Stotement of Financial Position 31 Januarv 2025 202S 2024 Noto Cui'rent 15sets Debturs Cash a¢ bank 11nd in hand 17 32,634 386,247 510,699 2S'5.506 41&R81 796.205 Credltors: amounts f111inLi ivithin ont )'L4r 18 43,379 183,219 ¢t ¢iirrenl ass¢tS 375,502 612,986 Total iss¢ts liss current li#bilitieS 375,5D2 612.986 Net xsstls 374,4Q2 612.986 Fund5 of Éhc charili Ullrc4triL1ed funds 375.502 612,gX() Total eharl¢Y funds 19 375,5112 612.986 For thL yLJr 31 January 2025 th¢ chatit). W'as Entitled io cxcniption Irom audil UlMILr scction 477 of ilic Compiinics Act ?006 rclaling 10 small companic5, Dircclors, rpOnsIbilit]l.$: Thc niembcr.% Iiai'e not requircd ihc company lo obiain an audii of lis financial stalen)enlq lor ihc 5,r in qucstiork in JLLvrddnL¢ ivith b¢¢tion 476: The dirLYlors JcknoiNledg¢ iheiT f&sTonsibililies f(TrT complying ivilh thc Teouirei))ent5 of ilie Ad i5.itli respict to aLcountinbv records and ihe preparnlion of fiD¥ncial stalem¢nl& Tliese finJnci11 slaten)ents have bcen preparcd in accordancc li's111 thc provision5 applicable i(1 c()mpani¢s ¥ubjecl io the small comp1nies' Tcgimc. These financial 5tarcmcnis 'cre upproi'cd by the board of trusiees and avlhorised fnr i58uc on 27 ()ctober 2025, and signLd on behalt of ihe board by-. Nqr. N. Palan TnJsieL Thl. notes on p#Ees 111& 19 fvrm part of th¢sc financlal $tat¢meiit5. Do¢ument'Rel,'.*BSNJ-FiYAÉG-SRFRazo1X"."
Palan Foiindation Company Limited bv Guarantee Statement of Cash Floiys Ycar ended 31 Januar), 2025 2Tr25 2024 C&5h flows fr(>m operatine aclivities NLI Lxpenditure (237,4X41 IC)37.1()31 Nci gains on invcsirncn15 Otlier iniercst reeeiv1ble irynd qimilar incomc Ii)Icrest payablL Jnd sin)ilar charg¢s ccrned incomo {4.4131 (45,903) l D,536 (674) 125,976) 5,97 (2,853) Cliuiig'cs iii.- Tradc 41nd oth¢r debtors Tradc and other crcditnr 478.U65 (136,987) 794.412 111.94? c.ash gtenLraled froTn 0ralln$ 80,743 228.737 IntLfLsi paid IntLfLSt reccivcd {5,978) 25,976 110.536) 45.Y03 Net cash tsom opernling actii'ities IULI,741 ?64,104 Cash floiY$ from InvL*stinki actii'iti Procecds from sale ot othcr invcstmen15 4.414 Nlel cash Irom invcsting )¢lji?iti¢s 4.414 N¢t in¢reJ5l 111 C115h and cash cquii'alcnts CJsh ad cash e4ui%':Ilen15 qt beginniTt% of !-rJr Cash cash L'quivalcnts at end ofycar 100.741 285,506 268.518 16.988 386,247 285.506 The on pagEs 11 io 19 form PSLrt of thcsc finaneiJl slat¢mi•Iyt& io .' Oi>curnenE Ref:..YB5N&HYAGG-SRFRM-MZD
Palan Foundation Compani Limited bv Guarantee Notcs to the Financial Stthtenicnts )'ear ended 31 January 2025 Gen¢rol information The cliarity is ) publil benefii enlily JTKI J priva1e LOIDPat)y liniitLxI by guarantee, re¥itstered in EiibilJi)d and iifales and a renistercd charity in Ejirvlund and IValc5. Thc addrcss of ihe re&175tcred oifice 1$ 310 Harroii, Road. Wei1)blei.. Middle5ex. HA9 6LL. Statcmcnt of complian¢e ThL'SL financial SttL7CntS hai'L b¢cn prEpL in Compliance iiiih FRS 102. 'Thc Finan¥ial RLporting Siand.Ird appliLable iii thc UK and illl Rcpubli¢ of IrLl#nd'. th¢ StrJi¢'liii'nl of Rccomnicndcd Praclic applicable to chdritics prcparing th¥ir Jr¢ounts im trdn¢t ivith ihc finai)ciJl Rcporting Standard JppIiLablo in tIIL UK Rcpublic ofirLldnd IFRS 102) Icliariiics SORP {FRS 102)) and Ili¥ CoinpJi)ies A¢1 20(IC). Accfftunting policie5 Bisis of pri'paration ThL. financial stJi¢mcnts 1)Jv¢ bcLn prcparLd die Iii5ttoricJl basis. J% n?udified by tlic rcvaluatiLin iif ccrtciin linJn¢ial ll$8c14 nnd liJbiliiiCS i1nd invcsttncnt prvp¢rfiLS meisiired at fiiir valuc throLi&lI ineoiiic or Lxpendiiurc. The financial %latomcnts arc prcparcd in st¢rfing. Ivhich 15 the functional currency of the cntity. Going ¢onc¢rn T]ivre are no nialcrial iinccrlaintics aknul thc charli$ dbility io confinuL. Jlldg¢ments and k-e!. sour£e5 of cstirn#tion Dncertainti. The prcp41raiion of ihe financial stalcrn¢ryts rcquirc5 iEbanJÉwemcnt to make judTrcnienls. e.Ktiinatcs and as%uiJpiions iliaT alT¥ci ihe am()unls r¢porlcd. Thcsc esiiinatLb judbien)enls arc conlinually revicived and ur¢ based on expericnce and other factors, includin&w ¢xpcclutions of future eiTents tl)ut are bclick'ed to bL rLJs(In#blL unilLr thL cirLum51&incc.q. Cash at hank gnd in hand Casli at bank anLI ¢JslJ in hand inclLMILS cdsh and sl?ort terni liiglilv liquid invcslmcnls iviih a short niaturitS' of thre¢ miinilis or Ic55 froTll tlic dalc OF acquisiiion or opcningi ot tlic dcpusil or simildr ac¢ount. L osh b(IlJnLes L¥Llude llny funds hLld on behJlt of ser¥'ice uscrb. Fund accounting UnresiriciLd funds are donations and oil?cr incominky r¢souri¢s reL'eived ur s?cneraled for ihc charitabl¢ purposes. li is Jvttilablc for usc JI ilie dTs¢rction of ¢h¢ iwsl¢eg in funl)¢ranee of Ilic gcnerJl objcclivc% of Resiricli.d funds arc io bl" tsCd foT specific pU05C a5 laid doivn by grJnl proitidcr. Exp¢ndilure ivl)icli niccts thL5C LrilLria 15 chJTbJcd in Ihe fund. Reslricled lunds ivcrc mJiiily foi Hcrill¥L projcils. Dodinièrit'Ref.,'.Y86N&'HYAGG-SRFRfvVMZDIX" ...
Palan Foundation Compani. Limited bv Guarnntee Notes to the Fmllntial Statements (rOM{v<d9 Year ended 31 Jaiiuarv 2025 Aceounling poliiies (IwiiiiAN¢dJ Incoming rc'sour¢L'S Incoinc InciiniL' is fLYObTni%ed ivlien ihe chariiy li LntiilL'mL'nt lo Ilic funds, anv performanL¢ Cl)ndilions Jiia¢h¢d i< Ihc inconie liJve been MCL il is proboble that the irteome i%ill bc receii'cd dnd tliat tlie amoLTnt can bc IIICisurcd ILliJhly. IncuinL fTOIt) giovLmmLni dnd oiliL'r bironis. IvIiLtli¢r 'eapiial' byranls or 'rLvenuc' grants, is TLCUg7nisLd M'licn tlic chJrily has Lntiil¢mcnt 10 ihe funds, .In)' perfomiancc coiiditions atlachcd io tho sranls haic bLen mct. 11 1.4 prt)biblL' IliJt ilhc incoi)IL ii'ill be rcccii'LxI. ai)d thc. 10[11 ran bc nic&%urLd fLliably JAd JK rhot delend. Inttresl receivable IntLTLSt orb funds held on dcpo%it is inLluded ivhen rcLCiViiblc and tlic amount c;In be n)¢Jsur¢d reli-lbly by Ihc chdri(s' iliis is norniilly ITpon nolilication of the intercst paid or payli blc by ihL bank. 12 Douimenl Ref....yB5NqyAGG-8RFRMZDlx ': .
Palan Foundation Company Limited bi Guarantee Notc5 tn thc Financial Strdtcments (I'uNliNwe Year ended 31 Januar). 2025 Aciounting polif ie8 Rc5(Jurccs expendcd EIApenditure Is reco.onlSLd on accnial basis as a liability is incurr¢d. Exp¢nditur¢ is rccogTnis¢d o?1¢¢ IlIL're is a legil or c(InsiruclivL obligalion to niakL ll PJyI))enl lo a third ptsrt¥. il is probable tliji seiilemcnt Ivill bL reqiiirL.d Ihc amviinl ufihc obligation Lan bL ItILdsufLd reliably. rxpenditurL IS cl& iftcd Lind ilic folloMYn&i &cii%ity hcadings- F.xpondilure on cliarilJhlL Aclii'ilies Chtiriilible expenditurL coniprises IIio%c r051s incuried by th¢ ¢harit)' in (hc dLIivLry of its 1]vIll¢S aiid 5cfvicL% lor IL4 bcneficiarics. 113ncludcb both Co5 thal ¢Jn bc allocatcd dircctly to such aclivities and tl)ose LO.515 of¢?n indirccl n¢1tiirc ncc&4Mry lo suppoil Ihun. Gnlnt Plli'ablo IxpcnditLifL" on chotilablc dclivlties includes grant.% Inade lo furilier the plirtSe$ of the charity. Jnd th¢ ss(Jcialrd suppvrt costs. Grants pD)'ublc are made io ihird parties in funl)eranLc of Ihe charily's objccls. (JrJnt% arc accounlcd lor i%.hcll eithLr thc recipieni has a reLsoNable expectation that Éhc) M'ill receivc J ?rant and tlie trustees have agrce¢J iv pay ihe b7ranl iviihoul condilion, or thc rc¢ipiLnt lias L rcasonabl cxpc¢lation ihoi th¢y iyill r¢c¢ivc a grJnl and thai Jny condition attachi to thc graiit is ou15idc of thc cvnli-vl vf IliL cliaiily. CovernaD£e cD5ts GnirerndnLe LOSIS Jre ihe LOSIS a%soLiated the goNiYna]Ke aTraiigemciit% of ili¢ cliarily. Thcsc ¢osl8 arL a5soLiaied iviih consiiluiional and slatutorv requirement5 and includ¢ cosis dssociuied iviih the stritegic niLinaiTremLni of The charity's actiiitsc SuppTrI't costs Rcsourcc% ckpendcd are allixaied to the particular activity ivhere the cosl rclJtes directly to that 3ctiij l.EoivcveF. Ihe cosi uf oi'trall dkreciion and administration of cach activitS'. COTnprising thc salJry and ovcrl)ead co%lS Ot'tiie ccntral function. is allocated in Support cosis. Allocatill of support costs All Loslb arc alloca(cd bciive¢n thL &xpcndiiur¢ caicguricb of ihe SOFA on a basis dLsigmed fo relleci the USL. ofihc resnurce. Siippnrt and &iovernJncc ci%ls arL ivlitslly re-allDcaiLd 10 ihL charilable aLtivits' at t1 ralio ol expcnditiirc on Lliaritdble JctllFltics ivhiLh arL folloivs: Ed41calion.' 12Yo12024: 3 /01 Iiiierf.aiili= 65 F'oI20?4- 96 /} Harniony:" 13 .'Decuniénl R&f...Y65N&?iYAGG4RFRWDlk.""4¥.
Palan Foundation CompaHy Limited bv Guarantee Note5 to the Financial Statcmcnts f¢ry•Ilerfj Year ended 31 Januari 2025 Finuneial instrumen15 Thc LunipAlliy lias clL'clcd lo apply ih£ PvIsIOnS of Sethion I I 'Basic FinanLial Jnsitumcnts, Jnd SLcliDn 12'0ther FintsnLial Instruinents Issucs, of FRS 1 02 to all of its finJnciJl instiuments. FinanLial ill8trun)enis afL" notsniSL.d in thL' Lornpany's balancL sheet whin thc company bL'Lonics pariy io Ilic cunlruL¢iial provisii)ns ofth¢' insinJmcDI. FininLiJl 414SL'Is 4ltKI I1bIlItICS drL' off4LI. Iviilk LIIL net dinouiils prLSL'nlLYI iii IIIL fiNIiLial sialLIIIL'nls. ¥vhLII tlicrc is a legally Lnforceablc Tigl)I to set olrilie TCCOEni%cd i1n)ount% and thcre is illienlion 10 SCtIl¢ nct bJii.g or to realise the ass£t dnd settlc tl)e liability simulianeously. BJsi¢ linan¢iJl aLtS, whieh incliidc debtors and casli and bJnk bala[¢$. Jre initially mcd5urcd dl irnn5aLIiL)n pri¢¢ in¢ludin4 Ifi1llsaction co%is and arL' Siib&L'quLnily CailX] al Jn)ortisLd cosl u%ing Ih ctTcclive intcrc.gi n)¢ihod unl¢s5 ihc arrJnBeiCnt constillsies a findncin¢r transaction. ii'licrc ihc TTaiisaciion 15 mLrAsyrcd it ilie prL'5LtIt vulut of IhL luiurc rLCiPts diKI)unicd at a I{KcI ralc. uf tiil¢rLS1. FInnClu] ass¢ls elJssified Js rcceivJblc iviiliin one ycdr urc noi amortlsed. Fini?ncial littbilities and equitv inslNmenls are clas%iticd according to thc subslancc of thc contrattujl arrdngernents entered into. kn equiiy instrunieni is an) Liintraci IhJi ekidenc&% a residual interesi iii the Igsets of ihc company aft¢r d¢du¢ling all of its liabilili¢s. BusiL rtnaiiLiiil lii¥bililiL. inLIlIng ErLqilor4 bank lo luans froni fello b?roup cotnpaT]iLS Jnd pref¢ren¢e shiire.% ihai are clnssified as debt, are initially recor¥ni&cd ai ITdnbaciioti pricc unless the arranbPLI])ent c()nslitul¥s J financinb transaction, Ivhcrc Il)c dcbi Ènslrujnent is nieasuicd i1iL PlLseni valLie of the futurc pal'mcnis di5counied at a mJrkel rale of inl¢rest. Financial liabililics cla55ifi¢d as pa}'dblc ii'itliin onL ycarl l re ni)T anKbrtlsc(I. Debi inslTuincnts are %ubsequ¢nil) carTitd th( amL)tljied coll. ihe e(f¢Liive inier¢si rot¢ Meth1. Tr'ide crediior% Jrc obligations to pay for goodg or 5er%'i¢es that have been Jcquired in the ordinary course of bubiness froni supJ)licrs. Amounts payablL' arc classified currenl liuhilitles if pdyniLni is due H'iihin one )Icar or le4$. If nol. Il)¢y arc prC.8Cni as non•CUTFcnl ITabililics_ Trad¢ crediior.8 arc re¢ogni8ed iniliolly al transaction price and sub%LqU¢Jltly ni¢asured ai Jmuriiscd cosi ih¢ ¢ffeLiive inlerest niL'ihod. Equity insiruiiienls isSULd by thL conipany arL' recorded al the proceed5 rcceivc(L nct of dirc¢t issuc ¢(?si%. Dii'idLnd5 pa)*blL on Lquity instrnn)L'nis arL' rccogtrnisid af liabilili¥S oncc they ar¥. no Ionbvcr at Il) di¥crelion of the eompanj.. Limitod bi guAr#nlL'e I'hc charity is compaEJy limilcd by gvuarantcc und hab no share capital. Thc liability ofcacli n7cmbcr in ih¢ ei'enl of ii'indiii& ILP is limiied lo £ 14 Do¢ismènt Rei,.'..YB$NJ.HYAWRFRWIX
Palan Foundation Cumpany Limited bi, Guarantee 'otes to the FinaDcial Statements fciviiiiiiicrfj l'ear ended 31 Januar) 2025 l>una¢ivns and legacics UnrLsiricied Total Funds Fund5 2025 Unr¢slri¢'i¢d TutJl Fiinds Funds 2024 DonL21ion from Goldcn Toiirs Limiied Donition C?nD,000 (?Oa,QOO s,ooo R,00( s.IID 8,IXI¢) 600.IKhQ 6011.nUII Investment inCOD]i' UnreslricieJ Total Funds Funds Unrcstriclcd Tolal Funds 2024 2025 Bank. inlL'fc5l rcc¢ii'able Clthcr inlcrc51 (eiVabl S.1?2 17.854 ¥,122 17,1154 1.869 44.034 1,&69 44.034 25.976 25,976 45.903 45.903 Expenditiire eharltable actiiiiles b!, fund t)y¢ Unrcstri¢icd Totsl Funds Funds 2025 Unrestricted Total Fund5 2024 F.du¢atiDn IntLrfdiih FlJnnon) 27.190 144.0?8 51,093 2.11117 47,062 27,1911 144.028 51.1793 1087 47.062 33.576 1,165,952 8.408 2.777 76,766 33,576 1.165,952 8.408 2,777 76.766 Supp()rt ¢thsts 271.4611 271.461) .2R7,479 1.287.479 E%pondilllre on chAritable actil'ities bv actiiuty l)'pE Actii'ilics undertdkcn tirnnt funding dircctlj, ¢)faclii'itiQi .8iippnri Costs Total funds Totul fund ?024 -diicdtiom 27.190 57.986 5.7)6 30.491 10.815 32.946 174.519 61.98 2,1187 35.710 1,240,050 8.942 2.777 86.? 51,093 2.087 14arn)ony Oiliers 139 85.176 47.U62 271,46U 1.287,479 Doeumeryt Rel: YBSNJ-HYAG&SRFRM-MZDIX :"
Palan Foundation Compallv Limited bv Guarantee Notcs to tho Financial Statements (r&lllllAl Year cndcd 31 January 2025 An:Il)'sis ofsupport etssts Educatiun Interfaith FlJrniony Total 2024 Tulal 20?4 Pr¢mis¢s Comn)iinication% ind IT Gcncral cxpctssc Fitjdnce costs tiL)vcmance Los1s PrintinLr PostagTe Jnd StLl1ioncry Cons11111< ticy Mo¢or ¢Apcns¢S Advcrtising 1.460 271 (i) 731 367 7,733 1.434 2.744 508 11.937 2,213 (2} 5,978 3,000 32.155 2,574 3.873 .944 ,374 689 10.5.1( 4.2011 36 2,571 70 ?51 189 13,619 373 1.3?7 r)7 4,830 132 471 292 21,020 24,120 83 2,63Q 2,049 5.756 30,491 47,062 76.76() l O. Anil)'sis of grants 2U25 21)24 Grunts to institllttons Gnnts lo instilutions= EdiitrJtion Gnnt¥ lo i1]stitionS.. Intcrfaiih 27,190 57.486 33,57C) ,1)55,085 114.676 I,DXX,fi61 Grants to indli'lduJls Granls to individual.s.' Inl¢rfaiih Total grani ¥5,176 1,089,467 I l. Nel gains on inve%tmcnt uresIn¢ Total Fvnds Fund8 2025 UijresifiLed T01al Funds Funds 2Q24 tiains1(Iosscs1 on oihcr in%'¢.%1nwni a>*s 4.4 li 4,413 16 ' Docum61il Rèf....Y85NJ trIYAGG-SBFRM-MZOIX
Palan Foundation Compan!. Limited bv Guarantee Iyntes to the FinaJ)cial Statements C¢'MIHiierfJ Year ended 31 Januarv 2025 12. Indfpendtnt ¢xJminthlion foes 2025 2024 Feeb payJblc lo lh¢ indvpen4l¢nl ¢xainin¢r for.. Indepcndenl cxamination of th¢ finan¢ial sial¢m¢nts oihcr finlqncial crvicc% i.soo 2.400 3,000 3,OOIJ 4.200 1.1. Stff costs Thc ai'crJ&TL hLJd ¢out)¢ of cmployccs during ih¢" 5'¢ar iv&% 5 120?4: 51. Th¢ dv¢rag¥ nuiiibLY of fiill-1iiL eqiiiipalcnt employccs during lhc vcar is anafyscd as folloiv.$: 202S 2024 Numbcr of 51l1ff - TrusiL¢S No cniployce rcc¢iv¢d ¢niployee bclielils OrOrC IhJn £6a,(M)O diitinb. thc year (2024: Nil)- 14. Trustee romuTrcrAtion and expenses ThL kLy managwement personnel Df ihe chJrily arc Ihc Irustecs. Th trustS welc nol paid T)or r¢cciK¢d other bcnefits fron) ¢n)ploym¢n¢ ivitli ihc charity in thL year12a24: £Nill. Diiring ihL v¢ar lolal IrnvLI and 5ubsisl¢nce expertses or £28.901 (2024.. £32.C)581 Ivl're reimbursed to tru.stC¢S imr. PJlan and MT K Palan. 15. TaxitiDn ThL cliarilable cornpllll) is Excmpi fron) eorporalion tax as all its incomc is chariiable and is applied for charilable puq)o%cs. 16. Debtors 2025 2024 PreEMynieiits and accruL.d iiKome Oilier debtors 1,698 30,936 ,596 i09.103 32,634 510,699 17. Crcditors: aniounts fdlling due ivithin one ytar 2024 ALcni*ils and dcfLTr¢d iiicuinL" Other creditors 3.699 39.680 6.552 176.667 Ib3.219 17 riocvnLent Ref:.YB5NJ-HYAG&SRFRM-MZDIX '...
Palan Foundation Company Limited bv Guarantee Notes to tho Finanexal Statements Ii'OllllHlrtdl Year ended 31 January 2025 I X. Analysi5 Trf charitalile fijnds Unre5trieted funds At Gains and 31 Januiri, 21 Ai l February 2024 Income [%ndI1UrL. Cjcneral fund.% ()12.986 3? 1)76 (271.4611) At GJin% ind .3 I J#iiuAry 20 loss¢s 24 Ai l Fcbru?ry ?023 InLon E¥penditur¢ Gonerdl funds 1250.149 645,903 11,287.4791 4,413 612.96() 19. ,Inal)'sis of net 855Ct5 bctji-ecn funds UniLslriciid T4blAI Fuiid¥ Furtds 2025 Cllrrciit asieis c.reditors less ihdn l >ear 418,¥81 (43.379) 375.502 41%.881 (43,379) NL.t asset5 374,5112 Uiircsiricted Totdl Funds Funds 2024 Iiivestm¢n c'urrent asseL Crcdifors les4 ihan l year 796,205 (183.2191 796,205 (183.2191 Tr*el assets 612.986 612.986 2D. Analisis of chan2c5 iii nc¢ debt Al 31 .lTrn 2025 At l Fcb 2024 Cash flows Casli Jt bdnk and in lidn ?85.506 IQD,741 3116,247 18 ' DocutThent Rei. Y85Ni-NYAG&.SiIFlqkl-MZOIX.""_"
Palan Foundation Company Limited bv Guarantee Notcs to the Financial Statements (Lwnriwlltdj Year ended 31 January 2025 21. Related PUTÉies Duringi lh¢ yetir Lli¢ chJrity enler¢d inlv the following iran&xtiulls i%ith r¢lJted parties: TrnD5action Balnnce oK'cd b)-l{oiied to) 2025 2tb25 2024 ?024 Gold¢n'four5 Liniiled ljop On IIDP oir Plus LiniiiLxl CiT RBS 1136.9Y7} (478.167) 111.942 36.653 19,080 39,680 30,936 176,G67 509.103 Incliided in nther crediinr% 1% Ihc mount di1¢ its C]dCtt Tthir5 Limiled (Jf 139,680 (2n24.. £176,667) t Ihc batanL sheei dale. Iniere.%l is chargcd Ut 2.59A Jbovc base Nie. Donalions reccii'cd diirit)¥7 ihe year froni Cioldcn Tours Lirnilcd is £Nil {2024: £600.0(M)}. Mr. N. P4ilan aiid Mr. hl Pol?n, tTU$ttt's of dic cliarity, are also diTcclors ufGvldcii Tours Liinited. lllcluded in i)IhLr dcbior is baltsnc¢ (>f 130,936 (2024: £509,IOJ) due from Iloii On Hoi? Plus Liiniled. Mr. N. Palan and Mr. M Palan, trnslL¢S of Ihe charily. arc also dircciors of Hop Oil Hop offpius Limit¢d. Intcrcsl i.s charLpLd ai 2.50/tr aboi'c basc ralc. Total rcnt of ENil (2U24= £19:0811) is paid ¥0 GT RBS. (IT RBS is a PLnsion sthcm¢ companv owned by sotnc of Ihc Iru5tccs. 19 '.Document Ref..:.YB5N&HYAGWRFBM4AZDIX ""