Trustees. Annual Report for the period Period start date 01 06 Period end date 31 05 From 2023 To 2024 Section A Reference and administration details Charity name Gunatit Jyot Foundation Other names charity is known by GJF Registered charity number (if any) 1156223 Charity's principal address Lady Walk, Long Lane Heronsgate Rickmansworth Hertfordshire Postcode WD3 5DH Names of the charity trustees who manage the charity Trustee name Office (if any) Dates acted if not for whole year Name of person lor body) entitled to appoint trustee ifan Shobhanaben M Gandhi Chairperson By the Trustees, resolution Dr Naina Visani Secretary By the Trustees, resolution Shila Popat Vice Chairperson By the Trustees, resolution By the Trustees, resolution Kalpana Visani Treasurer Ila Vaghela By the Trustees, resolution Dinagauri Bharkhda By the Trustees, resolution Chandrakala Patel By the Trustees. resolution By the Trustees. resolution Rekha Khamar Usha Kotecha By the Trustees, resolution 10 17 20 Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole ear Laxmiben C Patel 1st June 2023 to 6th February 2024 TAR March 2012 Names and addresses of advisers (Optional information) e of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and mana ement Description of the charity's trusts Deed of Trust dated 1st June 2013 and Supplemental Deed of Trust dated 23, February 2014 Type of governing document How the charity is constituted Trust Trustee selection methods By the Trustees, resolution Additional governance issues (Optional information) You may choose to include 1. Meetings are held every quarter by the Trustees to discuss and additional information, where review strategy, planning, developments, financial relevant, about.. administrative matters and 2. All trustees have been provided with guidance notes produced by the Charity Commission 3. Specific activities have been delegated in areas of accounting religious and cultural activities, donations, youth activities, food preparations and projects 4. Structure and delegation processes have been instigated to promote and encourage the skills and for the charity to strengthen its skill base 5. The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place at all times. 6. The Trustees take professional advice as and when required. policies and procedures adopted for the induction and training of trustees., the charity's organisational structure and any wider network with which the charity works", relationship with any related parties" trustees, consideration of major risks and the system and procedures to manage them. Section C Ob'ectives and activities The advancement of the Swaminarayan denomination of The Hindu Religion for the public benefit in particular by.. a) helping aspirants to achieve spiritual enlightenment by becoming 'Brahmaswarup' and serve 'Parbrahmaswarup' by referen￿ to the teachings of his Divine Holiness Pappajimaharaj. b) advancing and propagating the Swaminarayan denomination of the Hindu religion amongst its members and the wider public with particular reference to the teachings and principles of Lord Swaminarayan and Gunatitanand Swami. Summary of the objects of the charity set out in its governing document TAR March 2012 The Charity had a successful year. The Trustees have considered the guidance prOdU￿d by the Charity Commission on the provision of Publi Benefit and the Charity has achieved the Public Benefit objective by.. Meeting the spiritual requirements of the congregation Providing spiritual guidance to individualslfamilies Providing sacred space for personal prayer and contemplation Conducting pastoral work including visiting the sick and the bereaved Promoting and propagating the teaching of His Divine Holiness Pappajimaharaj and the principles of Lord Swaminarayan and Gunatitanand Swami through sermons, courses and focus groups Attending Virtual Sabha meetings with the younger member of the community and providing guidance and clarifications Attending Virtual Sabha meetings with the members co-ordinated as the Sakhi Group, which is a group if retired ladies gathering on an informal basis Held a Fun Day event on 12 August 2023 in the presence of P.P.Deviben, P.Shobhnaben and P Ramiben Parayan & Memorial ceremony held for Akashbhai Nakarja who passed away in his prime Scattering of the Divine Ashes of P.P.Jasuben Doshi & P.Sushilaben Visani was organised in July 2023. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) th Additional detsils of objectives and activities (Optional infomation) You may choose to include further statements, where relevant, about.. policy on grantmaking; policy programme related investment., contribution made by volunteers. TAR March 2012 Section D Achievements and performance Summary of the Activities undertaken by the Charity".- Meeting the spiritual requirements of the congregation, and in the era of the COVID Pandemic, we have also been holding online events for the congregation to participate Providing spiritual guidance to individualslfamilies Providing sacred space for personal prayer and contemplation Conducting pastoral work including visiting the sick and the bereaved and providing services online Promoting and propagating the teaching of His Divine Holiness Pappajimaharaj and the principles of Lord Swaminarayan and Gunatitanand Swami through sermons, courses and focus groups Supporting other Charities in the UK and overseas Successful Family Funday organised and attended by the Summary of the main achievements of the charity during the year th devotees on 12 August 2023. Parayan & Memorial ceremony held for Akashbhai Nakarja who passed away in his prime Scattering of the Divine Ashes of P.P.Jasuben Doshi & P.Sushilaben Visani was organised in July 2023. TAR Marth 2012 Section E Financial review Brief statement of the charity's policy on reserves All the funds raised during the year were unrestricted funds and it is the Charity's policy to build up the reserves to support the future growth plans and activities. The Charity funds are placed on an interest bearing account for ease of access. Detsils of any funds materially in deficit Further financial review details (Optional information) You may choose to include additional information, where relevant about.. the charity's principal sources of funds (including any fundraising),. how expenditure has supported the key objectives of the charity., investment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Miss Shila Popat Position (eg Secretsry, Chair, Vice Chairperson etc) Dr Naina Visani Secretary Date th 10 February 2025 TAR March 2012 Gunatit Jyot Foundation Financial Statements for the year ended 31st May 2024 Registered Charity Number: 1156223 Gunatit Jyot Foundation Statement of financial activities For the period from 1st June 2022 to 31 st May 2024 Charity No. 1156223 Reslrlcted income funds Recommended categories by activity Unrestricted lunds Endowment funds Prior year funds Tolal lunds Incoming resources (Note 3) Income and endowments from: Oonations and legacies Inveslmenls F01 F02 F03 F04 F05 106,444 23,397 129,841 106,444 23,397 129841 71,724 17,838 89,562 Total Resources expended (Note 4) Expendlture on: Raising funds Charitable aclivrties 52,666 27,619 52,666 27,619 15,243 31.074 Separate malerial item ol expense Othèr 6,108 92,991 Total 6,108 4,725 Net incomel{expenditure) before investment gainsl(losses) 36,850 36,850 38,520 Nel ganslllossesl on investmenis Net incomel{expenditure) 36.850 36.850 38.520 Net movement in funds 36,850 36,850 38,520 Reconclllatlon of funds.. Total funds brought forward Total funds carried forward 509,805 546,655 509.805 546,655 471,285 509,805 Gunatit Jyot Foundation Balance sheet As At 31st May 2024 Charity Number: 1156223 Reslricled Income funds Unreslrlcted funds Endowment Total Ihis funds year Tolal lasl year Fixed assets Tangible assets F01 13,035 13,035 F02 F03 F04 13,035 13.035 F05 3,838 3,838 (Note 6> Total Ilxed assets Current assets Debtors (Note 7) Cash at bank and in hand (Nole 9) Total cUr￿nt assets 250,000 287,925 537,925 250,000 287.925 537,925 250,000 259,889 509,889 Creditors: amounts falllng due wlthin one year (Noie 8) 4.305 4,305 3,922 Net current assets/(liabilities) 533,620 533,620 505,967 Total assets less current liabilltles 546, 509,805 Total net assets or liabilities 546.655 546.655 509,805 Funds of the Charity Unrestrlcted funds 546,655 546,655 546,655 546,655 509,805 509,805 Total funds Signed by one or two trustees on behalf of all the trustees Date of approval ddlmm/ Signature Print Name Miss Shila Po at Dr Naina Visani 0310212025 0310212025 Gunatit Jyot Foundation Notes to the accounts Year ended 31 st May 2024 Note 1 Basis ol preparation Thls sectlon should be completed by all charltles. 1.1 Basls of accountlng These accounts have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise stated in the relevant note{s) to these accounts. The accounts have been prepared in accordance with-. the Statement ol Recommended Practice.. Accounting and Reporting by Charilies preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with. and with. the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland {FRS I Q2) and with the Charities Act 2011. 1.2 Going concern 11 Ihere are material uncertainties related to events or conditions th81 cast significant doubt on the charity s ability lo conlinue as a going concem, please pmvide the lollowing details or state "Not appllcable" if approprlate." An explanation as to those faclors that support the conclusion that the chariiy is a going concern., Not applicable Disclosuro ol any uncertainties thal make the going concern assumption doubtful. Not applicable Where accounts are not prepared on a going concern basis. please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is nol regarded as a going concern. Not applicable 1.3 Change of accounting policy The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2. Yes. -Tick as appropriate 1.4 Changes to accounting estimates No changes to accounting eslimates hav8 occurred in the reporting period (3.46 FRS 102 SORPI. Yes. No. -Tick as appropriate 1.5 Malerlal prlor year errors No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes. No. -Tick as appropriate Gunallt Jyot Found8tion Notes to thg accounts Year ended 31st May 2024 {cont'd) Note 2 2.2 INCOME Accountlng pollcles Th￿ sfar>daftllis1 ola¢counEingpo1￿JeS has been 8ppli8d by Ihe charily e¥cepÉ lorlhose lick8é1"No"or"N/a-. Wh8ffj a dillerent oradlilyonalpolicy has be￿ adopied (hen Ihis is delailed in the box below. Recoqnltlon ol I￿orn0 These are Included in Ihe Sialement of Flnanci￿ Actwities ISOFAI when.. Ihe charity bec0ffl85 eniilled lo Ihe resourc8S'. il is more likely than nol Ihal the Irusle8s will recewe th8 resouices.. and Ihe moneiary value can be measur￿1 wilh sulli¢ient reliabilily. Yes No Nla There has l*en no oflsetting of a55ets a￿1 liabilities. Of income expenses, unless reqvired or pemiklled by the FRS 102 SOFP or FRS 102. Yes Nla OffJ•tlin9 Yes No Nla Gran15 ancl dDnalions a￿ only inelLKled In Ihe SOFA when Ih8 gènèral Incame recognition cnteria are mel15.10 to 5.12 FRS102 SORPI. Grznts and (knnallons In Ihe case of ￿rfOrmance related gran15, income mu51 only be recognise(I to the e￿e￿I itrai Ihe chaiity has prOv￿e(s Ihe specilied gcK)ds or seryices as en￿lleMen1 lo Ihe granl only occurs Ihe per[orman￿ ￿lated conditions arg met15.16 FRS 102 SOFIPI. Legacies ale Ineluded in Ihe SOFA receipt 15 probable, that is. when there has been grant ol probate. Ihe executors have eslabllshed Ihat there are 5ufficlenl assets in the estate and any condition5 attached lo Ihe legacy are eilher wiihin the control ol the charity or have been meL Yes No Nla Legacles Yes No Nla Yes No Nla Governmèni grantg The charity has iecefved government grants In Ihe r8portsrng perlocl Gift AKJ ￿Ceivable is Includ￿ in income when there is a vaid declaratH)n from Ihe donor. Any Gift Aid amounl recov8red on a &)nation is tonsid8red 10 be part of Ihal gift and is Irealed as an a(kJilion to the sarne fund as the initial L1onation unless the donor or the terms ol the apwal have specified 0lheNl$e. Tax rèclaims on dort8ilons and gllts Yes Nla Yes No Nla Contraelual Incomè and This 15 only included in the SOFA once the charity has provKled Ihe related go(KJs or perIormon￿ rèlated setwices or met the performance related coThYilions. grants Yes Nla Donaied goods Donaled oa(xJs are measured al lalr valu8 Ilhe arnounl for bvhlch the asset ¢oukl be exchanged) unless irnpracliul to dD SO. The c05101 any 51ock of gocth ck)nated lor di5tribLrtion lo be[*f￿darIeS is deemed to be the tair value ol those gills al lh8 time ol Ihèlr receipt they are recognised on receipt. In the reporting penod in which Ihe slocks are distri￿ted. Ihey are recognised as a eX￿nse at th8 Ca￿￿0 amount ol the St￿kS ai dlstyibulion. Donated gocKJs for r8sale are m8asure£l al lair value on Initial r8cognitlon. thich is Ihe expected proceeds Irorn Ae kss the 8xpecie(J costs of sale. and rec￿nISed in 'lncotne Irorn olher trading acliviiies, with the correswrding stock iecognised in the balance sheel. On Its sale the value ol stock Is charged against'lncotne from other Iradlng a¢livilie5' and the proceeds from Sa￿ are also recognised as'lncoTne from olhei Irading acllviiies,. Yes Nla Yes No Yes No Goods donated for on-going use by the charity are recognised a5 kvgible fixed a55elS and Included in the SOFA as in(x)ming r8sources when receivable. Yes No Nla Gifts in kind for use by the charbty are included in Ihe SOFA as incoTh8 from donations when rpreivable. Yes Nia Donat￿ gervlcè$ and Donaled servlces and lacillti8s are Includ￿1 In Ihe SOFA when rec8fv￿1 al the valu8 01 the gift to the charily P¢OVKJed the value of Ihe gill can be measurecl reliably. Donal&Y $8rvic8s and facililies trat are consum￿1 Immedlately are recognised as income with an equivalent arnount recogni8e(l as an expense under the appropriate headlng in the SOFA. No Yes Nla Yes Nla Support CDsts The ¢harity has in¢urred expenditure on supwrt cosls. Yes No Nla Volunieer holp The value ol any v¢luniary help received is not included in ihe accounts bul is de5crit in Ihe Irusle8s' annual r8port. es No Nla In¢om8 Irom Intere51, royaltoes and dbvldends This is inclucjed in the accounts when receipt is probablo and the amount r￿l¥able Can measured rellab1y. Yes No Nla In￿rne from membership Momber5hip subscriptions received in Ihe natLÈre of a gift aye rewjnised In Donations 5ubscrlption¥ and Legac*s. Membership 5ubscriolior5 which aives a memb8r Ihe riohl 10 buv 5&rvices or other es No Nla Gunatit Jyot Foundatlon Notes io Ihe ac¢ounts Year ended 31st May 2024 (cont'd) ben8fi1s are recognisÉd as income earned from th8 provision ot goods at￿ swvices as income IrDm chariiable 8Ctivit*es. Insuyance claims are only in¢luded in the SOFA then Ihe peneral income recognition criieria ar8 mÈi15.10 to S.12 FRS102 SORPI and are incIL￿e￿ as an item ol olhei incoffle in Ihe SOFA. Stttlement of insurance clalms Yes Nla InvestrTrerf gains and losses This includes ary Fealised or unrealised gains or losses on Ihe sale of irwestmenis and any gaift or IDSS osulling Irorn revaluing inv8slmenls lo markei value ai the ol lh8 year. Yes No Nla 2.3 EXPENDITURE AND LIABILITIES Llabllity recognltlon abili118s are recognise(I where il is more likely than not Ihai ih8w Is a legal or construclfve obligation cornmitting the charily lo pay out resources and the amount ol Ihe objigalion can be measured wilh rèasonable certainly. Support Costs have allocAled bel%seen governancè costs a￿j other supp)rt. GoVern￿ce COSIS comprise all eosLs involving pU￿1C accountabilily ol th8 charity and ils compliance with regulatsoD good piaciice. Yes No Nla Governanc8 and support costs es No Sw)port costs incI￿le central functions and have tee￿ all¢xated lo acDvity cost categories Dn a basis consisienl with Ihe use ol resources. eg allocaling properly cosls by Ilooi aieas, or capita. statt cost5 by the time spenr avd other costs by Iheir usage. Where the charlly glves a grani with condhions lor Its paymenl b8ino a sp8ufio I￿81 ol service or oulput to be provided, such grants are only recognised In the SOFA once the reGlpienl ol Ihè grant tras provided the specllled servl¢e or outpJT. Where theie ar8 no corKlidons allaching lo the grant that 8Trables Ihe dowr charity lo realistically avoid the CDmmiiment, a liabilrty lor the full funding 01￿10atiOn Tnusl be recogoised. Yes Nla Grants wlth pertormance conditions es Nla Giants payable wilhout perlorniance condltlon$ Yes No Nla Redundancy cost The charity rna￿ no redundancy payments during Ihe ￿porting FEri¢>1. Yes Nla Deferred Income No material Iteffl ol delerred incorne has tken incI￿le(l irn the accounts. Yes Nla Creditors The charlty has eredllors whl¢h are tneasutsd at settlernent amounts less any trade discounts Yfjs Nla Provlslons lor Ilabolllles A Ilabilityls measur8¢ on recognit￿)n at its hlstorical cost arKI then subsequenity tneasured at the trEsl estirnate of the arnwnt require(110 5ellle the obligaiion al the rewrtlng dale The charity accounts lor ba$1r lillan¢ial In51rumenls on initial fecognilion as 5Rr paragraph 11.7 FRS102 SORP. SubsEquenl maasurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Yes Basic financlal Instrument5 Yes No Nla 2.4 ASSETS Tanglble flx•d asgei$ lor These ￿e capilali5ed if they Can be used for more than one year, atN1 wst al ￿a51 U9e byeharlty They are valued al co31. Yes Nla The depreciation rates and Tnelhods L15ed are di￿lOSed in nole 9.2. The charity has intangible fixed assets. thai 15. non-monetary assels thai ¢0 not have physical sub518nce bui are Klenilliabl8 and are controlled by the eharily through CUSIL or ￿al lights. The amortisaiion rates and fflethc Relevant professional | The ICAEW
qualification(s) or body
(if any):
Address: | 11 Old Court House House
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London W8 4PD Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). | IER 2 December 2017