REGISTERED CHARITY NUMBER: 1167954 HarndrnKislMyial Shah IFCCA) (s￿l0r Audilor) For and beh2ifof Shab & Co (ACC(yJn￿ts) Ltd chart￿￿ Accountants & St8knItlMy Auditots Cash's Busin¢ss Centre 1st Fk 228 WiddriDgton Koad Covethry West ￿dIa[1d5 CVI 4PB ME BER2 EAREliDED31 DE Reference 2nd Administralive Drtails R9￿rt ofthe Trnstees Report of tht Kth¢kpetht A￿dIttsT$ 5 to 8 Ststement of Financial Adivikn BglADce She2t io Cash Ststejntnt Not¢s to th¢ Cash s￿teMent 12 Notes to the ￿￿#￿¢1￿1 Statements 13 to 19 REFERE DETAI TRUSTEE8 MrsHJ Shth MrCMShth Mr Pt>Jdhia Mrs J C M t*Mlhia REGISTERED CHABJTY NUMBER 1167954 pItINCIPAL ADDRESS Sui* 137 28A Churth R(wd Stathmore HA7 4AW AUDITORS Shab & Co {Accounts[￿}1￿d Chorterd C¢rtifi¢d Awountants & Ststutory AuditOTS Cath's B￿)neSS Centre 1st Fl(K>r 228 Widdringtrffi Ro*J CoveDty Westmidlallds CV14PB Barclays Bank PL£ I Churchill Plac£ B145HP OF THZTR YE The tNstees Pr￿ent theirathllual leF￿*t and fi]w￿lS1 SWcmcDts fvthe year t[￿e￿ 31 2023. The a¢￿untS have been prepared in &¢ordance with the acaM]nting p)Iici¢5 Set out in ￿te 2 to the accK>unts and ¢ornply with th¢ Chariti¢s A¢t 2011 and "Accounting and Rewting by Chorities: Statement of Recommendd Ptactic¢ applt¢able to charitiES wepating th¢ir a¢￿1Thts in accord￿ce with the financial Reporting Standard applicable in the UK and Repltblic of Ireland (FRS 102}{eff&#ive l Janw 2019)". ObNtives gnd 4etivitie5 Th¢ obj¢Gtive of the Charitsble IDcorwrafyJ Organi7Ati¢)n (Cto) is to th0n¢e such charitable purposes (according to the law of England and Wales) as the trustees see frt from Éime ￿ tim& Our purp¥)se is to tlvwhte the pdu¢atioTr of young people for the public bcncfjt by making fec new schoDI cnnstruction and school rcfurbishmcnt projects that will allow students to ac¢ess better qua]ity ethKation artd infrnStr￿rt This obje¢tsve is xhieve4J by making grants to other Ghariti&s thatseryethi8 pur￿Se. Our orgAnisgtion will mak¢ grants to other than"ti¢s that relieve by funding frMx4. housin& medical and oth¢r emergEtLGy SUPWrt to FQDr. di5able¢L elderly at¥J pwle affected by natural di5&Stets. Our organi5ation will make grants that fut¥J knd and shelter costs to protect animals and prevent the aninjals from being sent to the slaughter houses orprevent death durulg natUTal di8&8tCf5. Our orgAnis•ton will gr￿lts kn Ott￿ Lajarilics that fund projects covering medica] cxpense5 for fftaior and minor surgefi&g. mediuj camps and othcr healtI￿Are programs whtch will help save lives and pn)vide much needed hea]thcw for poor. disabled aTrJ elderly po)ple. Chjr orgaDisation wtll rnake grants to other ehaTiti&% that advance the tenets of Jaitustn worldwide through education progrnmg Sup￿ forJ8in monks and nwis in India amongst othe¥ activities. Th¢r¢ have b¢¢n no ¢hanges in th¢ ¢haritys Obj￿*Ve$ dutulg theym. Strate&y lorjnoeting ehjritsbk purpfy5e Our aim is to support ellergdic alld high]y efficient ¢1￿1t1￿ that dcliyer projects with a tangiblc impact on impmwing peopleslanimals liv&8. strdte8y is to fr￿ on Child￿￿'S edwion, p)veTty relief. help disableWelderly peopl¢ pmvide hta]thcaJe SUPPOT( prote4A and 5avc animals, and ￿￿￿￿¢¢ tenets of Jainism. Our L5 to WDrk on long terrn projects and maint&in involvement and nKbnitoring ovu time. Ollr Jnitia] roc￿ is on wodcing with a small thU￿ber of Charity organisations that we have res&8Tched tlM)nughty to ensure m&Yimum impact and t￿¢ ￿Onitor[Thg subject to strong proje¢t proposals. We fwus on countries whe4e we have develo￿￿ local cont&ts and knowldge e.& India and The trustees have dlle regard to guidan￿ k$su￿1 by the athrity Commissiorl in thiding what *tivities the Charity Should undertake. Grantmaking poli Our trustees are a¢tive in identifying and sourcing which re￿ with our purtx)5e. OJr main sourc¢ of Iwal o]gaiiisati0￿ and in bjrn projects to supix)rt will be direct visits to l(Kai tharitiw 8nd through reliable refexences and local contacts. Iniiial cnquiri&% m&y be submitted by Cknitt￿ via Gmail W5t arld fv1th￿ d[￿U￿¢￿ts arc then r¢qu¢strJ as part of a detail&1 due diligen¢e pnw. We eva]uatc the locat charity by vdtin8 tt￿1r tn]5tces. conducting Sitc visits, reviewing th¢ir histOTiG projEGts atld historic project delivery trxk record, aThd their ability to mainfain ongoing projects e.g. long-term sclMM)I ru]]nin& W¢ wuire dcKumentation such as three yea[5 a[￿Ual Twr4 prfKJf of registratio￿ pr(x)f of ability to weiv¢ foreign fjjnds, w)]icy documents, details of histoti¢ projects compla￿ and continuous fe¢dbaGk As part of the detailed project selection process oJ]ce the orga¢]]￿lOll has approved, we require the project to nieet our purtwe. have a gibl¢ benefit in a cost4fftLrtive manncr. and have mwurable Dui¢omes andiim¢ly ￿0￿pICtIon. A¢hl¢v¢m¢nts #nd perfOr￿anCe The CIO has wted fvnds totaling £1SOOJ18 during the pEri¢￿ in line with the CIO% objectiVe5. For the year ended 31 D￿eMber 2023. we supported various local thThglL FCIIA registered chartti&s in India sudi &5 SI￿ H￿3￿1 Visha Oswal Adi Jin S¢wa Tnrt Shree Athnath Yuva Charitablc and Uii8ini Senior CitizA￿ Foru￿ We have visitcd and rcsearched alI of the thvc 0[￿￿z￿l0￿5 ar￿ monitoted their oV￿￿￿Y years. IroR THE YE DED IDE ER2 The funds gmtcd for th¢ ycar ended 31 December ?tr23 were all(￿ated to different projects in the following categories.. sUp￿ting Jain monks and nun& animal feeding ond hoU￿ng CO$￿ helping poor famili¢5 with food, medicine and housin& d]ildren's education infrastructure proMK children's on80ing sch￿[ fees and the thancg4ne￿l of tenets of Jainism through support for iThfra5tru¢ty￿ prOj￿ts and spirilual rttreats. Th¢r¢ is a lag effect b¢tr￿en donation made aThJ PToiec¢ implameniation for some I￿)jeCts. S¢v¢ral projects w¢ complded in the year etyjed 31 Decernter 2023 from the funds donated ID 2021 athd 2022. The dollgtions made in the year cnded 31 Decemlxr 2023 will lead to some pTh)i￿ts being Ictally funda and ¢ompletd in 2024 2025. The surplus funti4 held by theehaw will to o)ntinue ￿ndIng overthc ncxt fivc years. Some of the Proj￿ sup[K￿￿ in 2023 included: al SupEM)rtiDg numerous panjraFole acrn&8 Guiar8t and Mshar&sh￿ - animal shell￿ hDmc5 by providing fi]nds for anim￿ feed and shed wn5tJw¢tion b) Con5trudion of upashrayas, reTr)vation5 of upa5hrnyas and ￿0vatio￿l Df dhar￿a￿S aml vihardham cl ConsEruGtion and renovation of Jain temples ID GuiaTatand itLsÉallatiOD of Jain pratima Cidols) in thesetemples d) Supwrting pwr families with sch￿] medi￿1 bill Ih)us¢ constrtKtion￿reFK)v8tioQS aTKi di moThetsry help across Gujardt and Mahar&th el Helping Jain monks and nuns with medicine CA)S￿ fcd oJsts andots supwrt fj Helping with Medi￿ expensc5 for treating injured animals ID Gujarat g) SuppK)rting spirituaf retreats in GujaRt h} Supporting n]t21 and p(K)r students thrwgh ix)aNling based i) Fttding and ￿￿￿tenaNCe support for disabled and unwcll at an ashram in Madhya Prndesh j) R¢li¢f supportto famili¢s aff¢ct¢d by fkthlin& cy¢lon¢s and other nathr￿ di5&St¢J3 in Gujar* k) Purchase of rned1￿ diagnostic quiprntht for a Medical Centet in SuraÉ ncial review Cash ruerves atthe eryt ofthe year¥re adg4uats to supp)rtth¢ o)ntinU8fton of ¢unMt ¥tivities. Risk Analysis The trustets have &g5&%sed the maN)r risks kn whith the chwity is exwsed ty, and are sati%fied tbat systems are in place to mitigate eX]￿Ure to themajor risks. STRucfuRE. GOVERNANCE APIDMANAGEMENr The Gharity 15 wntrolled by its governing dwjrnent ("Foundation" model constitution) ar]d (Unstit￿e$ a CharitsblB IthcortK)rated Organi5atiOD dated 30 June 2016. The tr￿ havethe tKJwer to app)tnt additional trustees, as it Coilsiders fit to do so. Every fiithre frustee shaIl be ap]YTriDted by resolution of the frustees p&ssed at a property convened meeting of the charity tti]stees. Thetrustees who served duringthe yearand upto thedale of sigthature of the f￿18[ statements were: Mrs H J Shah Mr J [￿hla MrP thJdhia MrCMShah EVEfiTS SINCE THE END OF THE YEAR Infomiation rclating to events sin¢¢ the e¢)d of the yearis given in lh¢ notes to th¢ financial statement& The trust￿ an reE￿Ible for preparing the Re￿)rt of the TnL41￿s 8t￿ the financial statements in ac(x)rd8nce with applicable law aThJ Unityj Kin8dom A￿0V￿ling Sta￿$ Oinitst Kingdom Gert¢r￿lY Accepted Accounting Prnctice) including Financial Rwrting StstKlard 102 The Fir￿1clai ReFQrtillg Standard applicable in the LX and Republic of Ireland.. JCD fouND.4IIOY RLPORT OF'IIIE TKL'sfF.ES FOR THE YEAii ENDkD.11 DEcF￿BER 2•23 STATEMENT OFTRusfF.FS' RESPONSIIIIIJTIL%_ Tlie law upplicablc cliariiio% iii Eiiglarxl W￿ck I1￿ charl￿ Ad Wl l. Chwily IA¢LxwllLS aiml Regulations ?(K>8 d th¢ wtkvisith)s 0( Ik Inu rLNiiiJv• itK ffiL%iCts Iii fI￿L81 f()r e#Lh rinthncial year wliich gtive a ltiir vitE¥ Ibf ihc rAatc of alTairs ofthL t￿llY aiml of ilxx)mi￿g atHI dpplicli lion tsl. r£%0￿￿¢￿￿ Incl￿ll￿ IIK. cxfvryMliWt4. of tk. cknily for ih31 WIOLI. In pr¥pJrins rillunThal skntLJnL'nt¥. llic1r￿1LX% d￿. tc(]uird ob%en'e IhL' nK'ih(ds aTKI PFsiicipILS Irt ￿. CIMibly S(IRP.. makL J￿1b￿¢m¥'n1S estin￿￿) Ih# ￿ ￿a￿o[L-kn￿;ThI pnHknL siaic ivltthli¢x a￿l¢abIC ￿tr￿]￿li119 %tstdllth. havt LKcTh folloxtL &tbjcci io atry discloscd aT#I ¥¥plaIn￿ in Ihc fiD4n¢i41 siaicin¢mi%- p￿part ihc finaM¢ial S￿l￿n￿llts on thc going concthi ￿%}$ il is 1naA)rLvia￿ ￿ prcwrn¢ thai the tlprity will coniittue ni tyjsiiyss. The tn151ce4 are re¥A)t)5bi le for keeptiw p[ry￿r ￿to￿ll￿nE rccord4 which dt*kr6e iviih rS￿r￿￿1¢ at aJ]y Time the fillanciul ofihe Lharity a￿5 Ii) lliLni 10 Ihill Ihe financial %1atoprTrlS comply with the Cl￿fILl0* Act 2011. lh¢ a)arity (Acm￿]1￿ and Re￿1 Regulalionb ?(J)% thc of t1￿ In2*1 thd. They arc Ll rcsponsible for saftouarding I1￿ asscrs irf It￿ charli} arml for iakiii8 5rJywobk' slCBS for Ihc preventitin and dcteoion of fTaud artd iftcgultsrili Approyed b). MkTof thc trfJaTd of Iru>trson................. .. ....... . . . aivl on its bLI)alf by: Mr P [￿dI1]I- TnJ# Oplnlon W¢ have audited tFK fin￿￿1a1 Ststem￿ts of JCD FouTh4ation {the'charitY) for the year ethd 31 D¢C¢rn￿r 2023 which OtDpris¢ the StatetTrent of Financial AdivIti￿ the Balar￿ Shrt the Cash Flow Statement atsd notes to the fjnoncial stat￿ents. includin8 a summary of si8nific4nt acLYJuThtiDg [dic￿e5. Tr financial reporting fr&nework that h&s bcen applied in their prepardtion is applicable ]aw and Uni*d King¢J)m Accounting Sthndards (Unitrd Kingdom Generally Accepted Accoutlting PraL*cek includtng FuwJGial Rqxxting sta[X￿ 102 Financia] Rew>rting Standard applic8bk in th¢ UK and Rewbli¢ of Jre(and'. In ouropinion the financial Ststeni￿ts. give a true a[￿ fair view of the #*e of the ¢haritys affai￿ as ot 31 2023 8nd of its it￿Orning resources and application of resourte& fortheyearthen ended; hav¢ be¢n properly prepa￿d in xconlance with Unit&l Kingthm Gene￿lY A¢c¢pted A￿unting Practice, including Financial RewKting Standard 102 The Financial Rep)rting Stsndard applicable in the UK and Republic of Ireland,. hav¢ kert preptrtd in *¢ord8nee with the rtquirements of the athrities ALX 2011. Basls for opinlo We conducted our oudti in awrdance with Int¢rnati￿ Standards oo A￿lItIng IUK) OSAS OJK)) and 4)plicable law. Our rtSPOll5ibilities undu Ihose statthds are fijrther d￿CrIb￿] in the Audilors, resp)n5ibilities for the audtt of the financial statements seiaion of our reiThyt. We a￿ indytthnt of the dwity in arLordance with thc ethical rquircments that are relevant to our audit of the financiat StateM￿ts in the UK including the FRCS Ethical Standard. and we have fulfilled our other rthical rtqTm)￿JblbtittI in &cordaTtt with thtte Tequirernents. We believe that th¢ audit evidence we have obtained is sufficiettt athd appropriateto provide a basis fw our opinioo. Condusions relating to going concern In auditing the financial s(atements, we have cthjcluded that the trnste& use of the going o)nc¢4n l)asis of accounting tn the prytation ofthe financid ststements is approprial& Bas￿ on the work we have pthrnied we have not identtfid any mthial Unc¢￿I￿tieS relating ts ¢v¢nts or ¢ondttion5 thaL individua]ly or collectively. may cw signsficant doubt on the charity'5 ability to continue &4 a goitig concern for a perrod Df at leasttwclve months frum whenthe fillancial 51atem¢nts authori5ed for i5SUC. Our resp)nsibilities and the rwsibilities of th¢ ttwt¢es with resixrt Io 8oin8 u)ncern are described in the relevant se¢tions of this rep￿. Other informatio The trustee5 responsible for the other infolTnati￿. The otlKr iJrfortnatioTr cornprises the information included in the An￿￿￿ Report, oth¢rth8n the financial **¢m¢nts and (mjrRq￿0f th¢ tnd¢wdertAudiiors themn. Our opinion on the fmancial statements thes not wver the other infomati￿ except to the extent otbetwise explicitly sta￿d in our rewr4 we do not express any forni of &s5uraDcc conclusion thueon. In Connection with our alldit of the fm*]ci21 $￿t￿¢[rt5 our Ye5Fwibility 15 ts read the other infotrnatioth w)d, in doing so, consid< whethtt the other infomJ*ioA is ma￿1allY inconsÈstent with the fitwKial statements or our knowledge obtained in the audit or otherwise appe￿5 to be JDaterialIy rni55￿. If we identify such material inconsistencies or apparent material misstatements, w¢ are required to determine whdher this gives rise to a material misstatement in the rinancial statrtnrnts th￿nselves. If. bas￿] OD the we have wFornid, we conc[￿Je that there is 8 material In15Statem￿t of this other inforn18t1o￿ ￿are nx]uiml to reivM that fa(* Wr ha￿ ThDthiDg to ￿P[￿t in this ￿gard. Matters on which we requirtd to rryort by ex¢¢ption Wts have nothing to report in rcspxt of the following fftatt¢ts whetr the awities (A¢rDullts and Reports) Regulations 2￿￿8 requitw us to r¢p)rt to yw if. in otsr opiniort= the information givcll in the RqKKt of the TnL%tezs is inLXMLSiStent in any materiaI r* with the financial stat¢mcThts: or sufficient xcountiThg r&xMds have not been ktpL or . the fmancial statements are in agretrneirt withthc ac ¢vcTrts and tsallsactions reflected in the f￿anCIal Statements. Also, the risk of not dthting a maleriai misStatw¢nt du¢ to fi￿d is higher than the risk of iiot detectins on¢ r¢sulting fiDm enDr. &s fraud may itwolve delib¢rnte ￿￿talM￿t by. for exathpl< forgery or ititentional mistEpfc5entstion5. or throu8b collusion. A further d¢s¢ription of our rwn5ibilitics forthe audit of the fiDallGial 5tstements 15 I(￿￿ted on the Finaneial Reporttng Coun¢il'5 wd)5ite at iThw.ftC.owukl￿1lol￿tsSiblIib￿￿ This description forn￿ psrt of DUT RepDrt of the Independent Auditr)rs. ENT Use ofovr report This rewrt is solely tsTr the th8rity$ as a 8ettydanc¢ with Part 4 of th¢ Chatiiies (A¢couTrts and R¢port5) Regulations 2(K>8. ￿r audit WOTk h&% undertakm so thRt we might state to the tharitys tNstees those inatt¢J3 we are requi￿ to state to them in on audilors, Jrport and for JM) other purp)￿. To the fijllest exten¢ pemJitted by law. we do not Ac¢ept or Lssume responsibility to anyone other than th¢ tharity the tharitys ts￿Ste￿ &8 a body, for our audit worK for this or for theopiwons we have arcndra Kishodal Shah (FCCA) (Senior Audilor) For a￿1 behalf of Shah & Co {Accountants) Ltd ajartered A￿￿Trtants & Sthtutory AuditOT5 Cash's Business Centre 1st Floor 228 Widdrington Road Coventry West Midlands CVI 4PB AaLVJIiES YEAR ENDED JI DE 35.1223 31.12.22 To funds Unt&strictfAI fund Restrictcd fu￿LS INCOME AND ENTK)WMEKI% FROM Donations and legacies I.I625¢N) 1,1615(K 1251,250 Investment IT￿￿￿¢ 411.301 411,301 65 J68 Total 1573.801 1,573,801 lJ16,618 EXPETrIDITURE ON Chi?ritable activitics OrthtiotLS of the charity 1536.021 1,536.021 1,564.609 Nei gains on invc5tmcnts 1573 1.573 997 Nrf JNCOMFJ(EXPENDrruRE) 39J53 39J53 (246,994} IiECONCILEATION OF FUNDS TO￿ fU[￿S brnught forward 17,190.702 17.196.702 17,443,696 TOTAL Fuf4JAS CARIUED FORWARD 17236.055 17,236,055 17.196.702 The not&$ forni part of these fuwicial stat¢￿etIts J('I) I.-UITIYI>ATIO .UANLF. %IIEE'r 31 DECfr.MIIF.R 2023 IIXED Assrrs lnirs￿¢nts CI]RRF.￿l...t5sTr￿. S 14 14.4?$ 17,188.017 5.959.9.13 172112.462 CREDITORS Anw)unL% falling ￿ve uiihin uney¢¥r l(h (1•.4117? 15.76(11 .NET CIIRRENT A%SETS 947.5?6 I7.1￿.7{ . TOTAL LES%CiIRRFNf 1.1.4BILITIES 17,ILKTr.70? ET LSSFTS {7 ?3(Tr.055 17.1()6.7n2 17,?3fi.055 17.IY6.70? TOTAL FUNDS 17 ?36,0%5 17.1%.71L? The fiTJa￿lal siaienxntg weye apNDy￿ bj tr t>)3rd o( Tn&iLfS Jthhoflsvj lor i%¥uL .. w'LYe on iLTh ￿tha1[b￿. Mr P t)odliiil- Trn%¢¢ 10 THEY ENDED R 21ll3 31.1223 31.1222 Cash flows fmm operatiiigadivilies Cash g¢nerdted frorn OF¢rations (351635) (327,281) Nd c&8h uscd in oper*ing ￿li¥JIleS (35? 635) (327,281) Cash flows frorn invoting Activktxrs Purchase of fixed asset investments Sale of social investments Intejtst received (16,955,487) 1573 411.301 65J68 Net cash (used inyprovided by in?￿lnE xtiVtt￿S (16.541613} 66J65 Ch9ng¢ in eash and equtv#l¢nts' the reporting p¢riod Cgsh a￿d cash eq￿1Valents at th beginning of the reporting perw)d (16.895248) (260,916) 17,188.037 17,448,953 Ca$h and efish equivglents at the end of the rep)rtiDg period 17,188.037 The Dotes forni partof the5¢ fMMn¢ial 5tatmcnts THE R THE 'DED31 D R 2￿2￿ RECONCILIATION OF NEY INCOhlFJ(EXPEKDrruRE) TO NKf CASII FLOW FROM OPERATING AcrivmKs 31.12.23 31.12.22 Net in¢omcJltxpenditure) for the reportingpEriod {A5 pw the Ststement of Flnaneial AttivitiL¥) Adjustments for. Gain on inv¢stmet Int¢￿StreteiVed Decre8seJ(itKrEase) in dtbtors lTr¢redse in creditors 39.353 (246,994) (1,573) (411.301) 14,239 6,647 (997) (65 J68) (14.162) 240 Net ￿5h used in op¢rntions (351635) (327281) ANALYSIS OF CHANGLS IN Nyr FUNIKS At Iiin3 Cash flow At 31112r23 Not eash Cash at bank 17.188.037 (16.895248) 292.789 17.188.037 (16,895248) 292,789 Liquid resourtes DeJx>sits included in cash Current a&set lltvesttnents s,666.￿8 5.666,958 5.666,958 5,666,958 Total 17,188.037 (11228290) 5,959,747 12 NA R THE YEARE LCEMBE GENERAL JNFORMATION JCD Foundation is a rwstcRd Charitabk Incorw)rd*d Organisation. twldted by th¢ Charity Commission for England and Wdes. The charivs registered numb¢r and rtgistetEd offir£ address be found on the Referenc¢ and Administrative Detsijs page of these finwKial statements. AccouffflNG POLICIES Blsls of preparing thé fiNanciil ststements The financi&l statements of the charity, whith is a public Ixn¢fit emtity under FRS IW2, have beeJJ pjrpared in accordance with the Charities SORP (FRS 102) 'Acwunting ￿ R¢rMxting by Chariti&q.. Ststement of Recommended Practice applicable to charitie5 preparing their ￿Ounts in accord8[￿ with the Financial Reporting Standard oppli¢able in the UK and Republic of ITcland IFRS 102} (effethive l JaTruary 2019),. Finanrial Reporting SI￿de[d 102 The Finallcid RerKHting Stsndaftl applicable the UK and Republic of Ireland, alld the ChaTitie5 AL% 2011. The finw¢i81 stJkJt>ents have been preparyl under the historical cost )nventiorL with the exeeption of investsnents which are iry¢lude41 atMa￿e1 value. IDcome All illcome is rwi5ed in the Stgt¢ment of Fmancia] Activitie5 once the charity has entitlement to the funds, it is PTobable that the income will be recetvd and the ankn)unt be ffte&sured reliably. C&sh donattons are re￿gniSed on TeceipL (Xher th)n￿l0￿9 aJr r￿o￿lSe￿ once the charity h8s Ix¢n ftotifi￿ of the donation. unlcs5 perfonnance conditions Tequire dcferral of the 8mouni. IneL)me tsx recoverable in relation to donations received vnder Gift Aid or dceds of covenant is at the time of the doJ)ation. T*xatiOD The charity is exempt from tsx on its ¢1￿￿table adivitse& FuNd accountÉng Unrestricted funds be in a¢o)rdan(t with thecharitable objectives at the disc¥etion of the trwttee5. Restricted funds can only be ￿sed for particular restiided PUTposes within the objects of thc charity. Rtstri¢tiorts arise when specified by the donoror whc4J fimd8 are ￿lseA fi)r wticular r&%tricted purposes. Further ¢xplanation of the natureand purposeofeach fi￿d is inchthd in the notts to the finanrial statements. Coing coneem At the time of approving th¢ fu￿￿1a1 stateJnent% the have a reasonable expectation that the ¢hartty has equate ￿￿urCeS to continue in operdtioDal ￿sten¢t for the foresee8ble fi]Nr& Thus th¢ truSt￿S continu¢ to adoptthe going wnc¢rn basis of in prepaTingthe finarKiel stsknen Cvh And cgsh wivalents C45h atMI quival¢nts includc (a%h in hall￿ deposits held At cau with b4nk8 other short-tBrm iiqiiid inv&8tmcnts with (wi8ina] ￿2t￿rItieS of three months or Ics4 aDd bank ovudtth. Bank overdraft5 are showtl within knrrowings in ¢unYnt liabiliti￿. Gvant$ P8yAbIe Grdnts payable itKluded ID th¢ year are paid kn illstitu￿ for the ol suprx>rtlD8 various lo¢￿ prtsjccts a(igD to the cknitys CIOobjectiw. Investments Investments mwurd at aMOrti7￿ o)st are initially rff0gni7￿ at fair valu¢ plus any directIy attribut%bl¢ transxtion costs. Subsequcnt to iniliaj rr£ogTrition. these ass¢ts ¥¢ wri¢d at arnortized c05t, using the eff¢¢tiv¢ illt¢re6t rnte IEIR) tncthod. Int¥e*t inojme is rtLwized in the llicome 51ale¥nent using the EIii methcd. 13 AL TEIIE 31 DbCEMBER 2023 THE YE ACCOUfrylNG POLICIL8- ￿ntinUed B￿1£ financial assets Basic finanBial Kssets, whi¢h in¢lvde ¢Jdrtots atMI c&th and bank ba]wKes aff initially mwured at Iransa¢tion prict including tsansastion LY)sts and are subSequ￿tIY Carried at smi)rti￿1 cost using the effective I￿tereSt nTrethod U￿esS the arrangemetrt constitutes a financing ￿an￿lIOn. whe]t the trdnsactM)n is measured at the pregent value of the future rcccijxs at a Mark￿ rate of interesL Financial assets c]&8sified as reccivable within oneyearare not amortised. Basie fin#nciRI liabili15es Basic finantid liabiliti4 including crediknrs and bank loan5 a￿ initial]y rc4x)gnised at transaction price unles$ the arrangement constitutes a financing ttansactio￿ wheJe the debt IllsNTt)ent Is iTreasuTEd at the present value of the future paymeAts di%coutLtcd at a mat*ei of itrtertSL Financial liobilities classified as payable within one yearare not atnortFs¢d. Debt inthmcnts are subwuejrtiy (wried at amortisa cost using the eff￿tive interest rate mctw. Othtt Creditors obbgatiorLS to pay for gcLds or serv1￿% th* have acqvirnj in the ordinary course of operatiotLS from llOA-suppliers. Amounts payable are c1￿]fitd as current liabilities if paymcnt is due within one year of less. If noL they are rffe5ented a% nowumt liabilities. C￿JitOrS are reeo8niscd Init￿]Y at transaction ice and 5ubsquEntly mwured at amortised cost using the effective inter￿t mefhod. D¢reeognition of financial liabilities Financial liabilities are derecognised when the dwity'$ ¢JJntra¢tuat obligation$ expire or ar¢ dis¢haTged or Cat*ellEd. CRrricAL ACCOUNfiNG JUDGEMEla8 AND KEY SOURCL8 OF LVIMATION UNCERTAINrY The charity makes emimates and &$9￿ptIonS concthjing the fu(ure. The are also r￿Ul￿d to extr¢ise judgem¢nt in the pro¢css of applyitjg the tharity's a¢caJunting JK>licies. Estiinatcs and judgemertts 3TB continually evaluated and are on histori￿] ewiellce and other f￿t0￿. i￿luding expectations of future ev¢nts that are belicved to b¢ reasoThabk utthrthecircvmst8t)C¢5. The c5timat&8 and assumplions that have a 5i8nificaTht risk of (ausing a ￿tite￿id *Jjustment kn th¢ ¢anying amountsof &ssets 8JLd babiliti￿ withinthe ne￿ fiÈ)an¢taJ year8re *jd￿Ssed FEIOW. prepwing these fi[￿¢1#1 Stat￿ents. th¢ trustees IKvEJnade the following jUdg￿￿ents.. InvestrneDts in UK govemsllartgiltsecuriti Critical &%titnat¢4 a55UrnPtions aThd judg¢m¢nts rtl*e to the dctumination of the rarrying value of snv&stment in UK governtnent gilt securities at a[J]ortL5￿ c05t in the Stattment of Finan¢ial A¢tivitie5. Fin￿claI assets held to l¢Gt contractual whllows 8re thosr whcre cash flows ryir¢5ent ￿le[Y payments of principal and int¢rc5l and are m£￿urCd at amortised Lx)5t. A b&%1¢ lending amgement results ith cOntrXts￿ eash flows that are solely payments of principal and interest on the princitd outstsnding. 14 YEAR EfiD BQR 2023 DONATIONS AND LEGACIES 31.1223 31.12.22 tk)nati¢)ns Giftaid 930,000 231500 i.¢J)I,000 250250 1,1625 1251,250 INVFsfMBwf 1Tr4COME 31.12.23 31.12.22 I IlJ.558 3￿,743 65J68 UK ¥NI g￿r￿d iJ)tue 411JOI 65J6B 31.12. 31.12.22 Postal fees AEcount8w and audItr￿ 8) BADk and bmkcrngedar 460 5,761 462 6.683 5.910 29.793 35.703 Grant fundiDgofactivities (*e llote 7) IS00.318 1.557.926 .536.02L 1.564,609 GRANfs ?AYABLE 31.1223 31.12.22 GrHnts to iwtstulions.. ShreeHalAri Vi5ha Ornj Adi Jin Scwi Tn Senior Citirntis ShreeAdinath Yuva Cbaritsblc Tnwt Shre¢maI￿ VatsalyaTrust 1,419515 46.666 33,129 I.IK)8 1.507.051 50,875 1,500.318 1.557.926 15 AL KfATEME FOR THE YE SUPPORT COSTS 31.12.23 31.12.22 AuditoVs remunuatiort fee 5.910 5,761 TRUSTEES, REMUNKRATION APID BENEFrrs There were no tn]stec8' remu￿rat[On OT ¢)ther b￿¢fits for the year ended 31 De¢ember 2023 nor for the y¢ar endcd 31 Decemb￿2022. There wern no trt￿te¢s. expcns¢5 Fmid forthe year fflded 31 2023 Nyr for the year ended 31 December 2022. io. cOh￿ARATIv&s FOR THE sfATEMEYf OF FINANCIAL. Acrivri'iLs Unrtslricicd fiTnd R¢51rict fund Total fiJDd5 INCOME AND ENDOWMEPWS FROM Dor￿lOnS and legaci£s 1251250 1251.250 Investment income 65J68 65,368 Totsl lJ16.618 1,316,618 EXPENDtTURE ON Charitable A¢tiviti¢s OptrAtiOn5 Df the charity 1.564,609 I￿64,609 Netgains on inveykn¢nts 997 NET tNCOMFJ(EXPENDrruRI) (246.994) (246,994) BECONCILtATION OF PUNDS Total funds brought fonvard 17.443.696 17,443,696 TOTAL FUNDS CARRtED FORWARD 17.1%.702 17,196.702 16 TO IAL IE YEAREYD ER20 ii. EMPIA)YEFS There are w employtts widun the charity12022.. Nill. 11 TAXATION The Charity ig exemw from tsx on Irm￿)Me and gains fa]ling within sei*ion 505 of the Taxc5 Act 1988 or section 252 of the Taxatty)n of ChwEtableG#ins IW2to the extent th*thes¢are aFvlicd to its charitsbl¢ objects. 13. Listed investrneDts AdditN)ps Norl CUtTent asset Cuncnt (Th)te 15) At Decemkr 2023 I 1.288.529 5.666.958 16,955,487 At December 2Q22 During the ycar ended 31 De¢￿]1￿ 2023. Ihe d￿lty nthde a ncw invesknetrt in UK government gilt sewriti¢5. These inv¢stments are V￿utd usingthe arnortiscd meJhDd using the efftttive interestrnt There were no investtntht a5s&5 (wjtside theu 14. DEFfoRS: AMOUNfs FALLING DUE WITHIN ONE YEAR 31.1223 31.1222 Prepayments and occrned iDcom¢ 186 14,425 IS CURRENr ￿Srr INVFsfMEMS 31.1223 31.1222 Listed inv&%tments 5,666.958 CREDrroRS: AMOUNTS FAWNG DUE MTHIN of4E YEAR 31.12.23 31.12.22 Accruals and def¢rThJ ittcome 11407 5.760 17. ANALYSIS OF NET A&SK13 BEIIVEEIY FL74DS 31.12.23 Total funds 31.1222 furyd funds Inv¢5tmellts cUr￿t a55ets Current liabilities 11288,529 5.959.933 (IL407) 11288,529 5.959,933 112.407) 17,202,462 (5,760) 17236.055 17236.055 17,196,702 17 D31 CEM ER 21b 18. MOVEMEKf IN FUNDS movement in fvnds At 31112ll3 At Iiir23 Unresttieted funds Generdl fund 17.196,702 39J53 17236.055 TcYfAL FUNDS 17,196,702 39353 I7.￿6,055 Net movemcTrt in fvnds. includd itt thealMJV¢ &$ follows.. Incomin8 Gling and losses Movement in funds Unre5tri¢ted fuNL8 Generni fiTnd 1573.801 (1.536,021) 1.573 39,353 TOTAL FUNDS 1.573.801 (l J36.021) 1,5TJ 39J53 Comparntfves for m0verne￿ fwid% Ne£ movement funds At J1112122 At Iiir22 ijnrestricted funds Generat fund 17.443,696 (246y)4) 17,196,702 17.443.696 (246,994) 17,196,702 Comparattve netmovtrdcnt in fil￿￿ induded inthe a￿￿ are Is follows.. ItKoming Re$W￿¢S Gains and Movement Én funds Unrestricted fuDd5 Gethernl fund lJ16,618 (1564,6091 {246,9941 TOTAL FUNIX lJ16,618 (1.564,6091 997 (246.994) 18 IA END AT YE MB 19. RELATED PARTY DISI.'IA)SURES t￿ring the year, the chatity C￿er￿al into the following with related tiartie5.' The total amount of th)natIOr￿ rec¢tved f￿M trLL4e¢s amountsd to £930.￿MI {2022.. £1,001.000). There we¥e no corKlitions attachd to any of these £k)naticwLs. There were no 0therdiscl￿b]e reLated party during th¢year (2022: None). POST BALANCE SHKETEVEprrs 20. There no subsequent cventsthatrequircdisdosure after the reporting datc. 19