REGISTERED CHARITY NUMBER: 1167954
REPORT
FTH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 D
MBER 2024
FOR
JCD
DATION
Harendrd Kishorlal Shah (FCCA) (Senior Auditor)
For and behalf of Shah & Co (Accountants) Ltd
Chartered Accountants & Statutory Auditors
Cash's Business Centre
1st Floor
228 Widdrlngton Road
Coventy
West Midlands
CVI 4PB

JCD FOUNDATION
CONTENTS OF TH
FINAN
IAL STATEMEN
FOR THE YEAR ENDED 31 DECEMBER 202
Page
Reference and Administrative Detai15
Report of the Trustees
2 to 4
Report of the Independent Audito
5 10 8
ststement of FinAneiAI Activities
Balance Sheet
io
Cash Flow Ststement
li
Notes to the Cash Flow Statement
12
Notes to the Financial Ststements
13 to 19

JCD FOUNDATI
REFERENCE AND ADMINISTRATIVE DETAIIS
FOR THE YE
ENDED 31 DECEMBER 2024
TRUSTEES
Mrs H J Shah
MrCMShah
Mr P Dodhia
Mrs J C M Dodhia
REGISTERED CHARITY
NUMBER
1167954
PRINCLPAL ADDRESS
Suite 137
28A Church Road
Starnmore
HA7 4AW
AUDITORS
Shah & Co (Accountants) Ltd
Chartered Certified Accountants
& ststutory Auditors
Cash's Business C¢ntr¢
1st Floor
228 Widdrington Road
Coventy
West Midlands
CVI 4PB
Barclays Bank PLC
I Churchill Place
London
E14 5HP

JCD FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR END
I DECEMBER 2024
Th¢ trUst￿S present their annual r¢port and financial ststements for the year ¢nded 31 December 2024.
The accounts have been prepared in accordance with the accounting FK)licies set out in note 2 to the accounts and
comply with the Charities Act 2011 and "A¢¢ounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019)"
Objectives and aetivitAes
The obje¢tkve of the Charitable Incorporated OtEanization (CIO) is to advance such charitable puryx)ses (according to
the law of England and Wales) as the ts￿stee8 see fit from time to time. Our purpose is to advance the education of
young people for the public benefit by making fee wts. new schijol construction and 5¢hool refurbishment projects
that will allow students to access better quality education and infra8tructure. Thts objective is achieved by making grants
to other chwities that serve this purpose.
Our organisation will make grants to other ¢harities that relieve poverty by funding food, hou5in& medical and other
emergency SUp￿)rt to poor, disabled, elderly and people affected by natural dis&8ters. Our organisation will make grants
that fund food and shelter costs to P￿teCt animals and thereby prevent the animals fiDm being s¢nt to the slaughter
houses or prevent death during natural disasters.
Our organisation will make grants to other charities that fijnd proj¢¢ts ¢overffing medical expenses for major and minor
surgcrÈes. medical camps and other healthcare programs which will help save lives and providc much needed healthcare
for poor, disabled and elderly people. Our Organisation will make grants tr) other charilies that advance the tenets of
Jainism worldwide through education programs, support for Jain monks and nuns in India amongst oth¢r ￿tivities.
There hav¢ been no ¢hanges in the charity's objectives during the year.
Strategy for meeting charitable purpose
Ow aim is to support energetic and highly eificienl charities ihat deliver projects with a tangibl¢ impart on improving
peopleslanimals lives. Our strategy is to focus on children's education, povcrty r¢lief, help disabledlelderly people,
provide healthcare suppor¢ protect and save animals, and advance tenets of Jainism. Our preference is to work on long
temi projects and maintain involv¢m¢nt and monitoring over time. Our initial focus is on working with a small number
of charity organisations that we have researched thoroughly to ensure m&Yimum impact and ease monitoring subject to
strong project prO￿salS. We focus on countrles where we have developed local contacts and knowledge e.g. India and
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what a¢tivities th¢ charsty
should undertake.
Grant making policy
Our trustees are active in identifying and sourcing projects which re50nate with our purpose. Our main source of locaI
organisatiODS and in turn projects to support will be direct visits to local charities and through reliable reftr￿llcCS and
local contacts.
Initial enquiries may be submitted by charities via email or post and fiErther documents are then requested as part of a
detailed due diligence process. We evaluate the local charity by velting their trustees. conducting site visits, reviewing
their historic projects and historic project delivery track record. and their ability to maintain ongoing projects e.g.
long-temi school running.
We require documentation such as last three years annual reports, pmof of registration. pr(K)f of ability to receiv¢
foreign funds. policy documents. details of historic projects completed and continuous feedback. As part of the detailed
project selection process once the organisation has been approved, we require the project to meet our purp)se, have a
tangible benefit in a cost-effective manner, and have measurable outcomes and timely Completion.
Aehiev¢ments and p¢rfornian¢e
The CIO has granted funds tr)taling £1,105,547 during the period in line with the CIO'S objectives. In 2024, we
supported vatious local projects tbrough FCRA registered charities in India such as Shree Halari Vi5ha Oswal Adi Jin
Sewa TrusL Shree Adinath Yuva Charitable Trust, Shffe Maitrivat5alya Trust and Uiiaini S¢nior Cilizens Fonjm. We
hav¢ visited and researchcd all of th¢ 8bov¢ organizations and rnonitor¢d th¢ir work over many years.

JCD FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR EM)ED 31 DECEMBER 2024
The funds granted during 2024 were allocated to different projects in the following categories: Supporting Jain monks
and nuns, animal fe¢ding and housing costs, helping poor families with food, medicine and housing, children's education
infr&5tsvcture projects, children'5 ongoing school fees and the advancement of tenets of Jainism through support for
infrastructure projects and spiritual rctrcats.
There is a lag effect between donation made and project implementation for some projects. Several projects were
completed in 2024 from the funds donated in 2022 and 2023. Th¢ donations made in 2024 will lead ￿ some projects
bcing locally funded and completed in 2025 and 2026. The surplus funds held by the Gharity will be used to continue
funding projects over the nex¢ five years.
Some of the projects supported in 2024 included..
a) Supporting numerous panjrapole across Gujarat and Maharashtra - animal shelter homes by providing funds for
animal fecd and shed construction
b) ConstThction of upashrayas. renovations of up&8brayas and renovation of dhardmshal&s and vihardFLam
) Construction and r¢novation of Jain temples in Gujarat and installation of Jain pratima (idols) in these temples
d) Supporting poor families with school fees. medical bills assistance, house constructionlrenovation and dirert
monetary help across Gujarat and Maharashtra
e) Helping Jain monks and nuns with medicine costs, food ¢osts and other support
Q Helping with medical expenses for treating injured animals in Gujarat
g) Supporting spiritual retreats in Gujarat
h) Supporting rural and poor student5 through boarding based education
i) Feeding and maintenance support for disabled and unwell persons at an ashTam in Madhya Prndesb
j) Relief support to families affected by flooding, cyclones and other natural disaster5 in Gujarat
k) I￿rChase of medical diagnostic equipment and other medical equipment for a Medical Center in Surat
l) Funding of Jain Pathshala content and other publications of Jainism related books and literature
Financial review
Cash res¢rv¢s at the ¢nd of the year arc adequate to support the continuation olcuLT¢llt activities.
Risk Analysis
The trustees have assessed the major risks to which th¢ charity is exposed to, and are satisfied that systems are in place
to mitigate exposure to the major risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its goveming document ('Foundation" model constitution) and ConSti￿teS a Chwitable
Incorporated Organisation dated 30 June 2016. The trustees have the power to appoint additional tnjstees, as it considers
fft to do so. Every future trustee shall bc appointed by resolution of the tn￿teeS passed at a property convened meeting
of the charity trustees.
The trustees who served dwing the year and up to the date of sig[￿tllre of the financial statements were:
Mrs H J Shah
Mr J Dodhia
Mr P Dodhia
MrCMShah
EVEIYTS SINCE THE END OF THE YEAR
tnfom)ation relating to events since the end of the year is given in the notes to the fllwlcial statements.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The tn￿teeS are responsible for preparing the Report of the Trustees and the financial statements in accordan¢¢ with
applicable law and United Kingdom Accounting Standards Wnited Kingdom Generally Accepted Accounting Practlce)
including Financial Reporting Standard 102 "The Financial Rew)rting Standard applicable in the UK and Republic of
Ireland"

D FQu￿￿&Tl￿N
rATEMENT OF TR.l5sfF.,LS' RESPONSIBIIThIFts- eoDlimi
'lThe law appli¢abl¢ ty ¢h4rities in England W41¢& th¢ fh2rfj¢i¢s Acl 2Qll, Ojarity (Acco￿# pDd Rep)rt8)
R.¢gulation5 *008 and th¢ prrJVi$jÉ)ns_ of th¢ inist d¢ed requires the tswsl¢v> w pr¢paT¢ fJndn¢lal ¥lAl¢m¢Dts for eA¢h
financi41 Ye￿ whith giv¢ a tsu¢ 4nd f*'r vi¢w of th¢ $18ts of of th¢ ¢14rt"ty aDd of tb¢ inwmlTI8 and
Appli¢aXion of resour￿. in¢ludin8 th.¢ incom¢ •nd ¢XPEnOitur< of th¢ ¢harity fv thrt p¢r1￿, kn pr¢Pan￿ those
rm8￿111 stsieMem￿ the trustKs ar¢ required lo
¥elect suitable acC￿u￿t￿8 plicies ¥nd then apply th¢m c(Jnsist¢ntly;
obs¢rv¢ th.¢ mrtlxxls and principl<4 in the Charity SQRP.
make judgom¢nts and estlmates that ar¢ r¢&son4ble aud prudontr:
stsi¢ wbdh¢r applicahl¢ 4cwunting S(￿al￿1$ hAv¢ b¢on followY4 subj¢d ty any mat#rid d¢partuN di$¢losed
¢xpliincd in ihe financial $18i¢ments'
prep￿¢ the fuwi¢ial statements on ihe going L¥n¢¢rn b&9ii uDI¢ss it is iD4PPVPigt¢ to prcsume that the ¢hxity WUI
ofttinue in busin¢ss.
tsIWe¢s arn responsible ke¢ping wope¥ l￿oUntIn8 re4ords whith dis¢lox with r¢Awnable ac¢uracv at lirnt
the finan¢ial kx)silion of the chwity and ￿ enable th¢m to ¢ns4Ut the [￿￿ti¢l￿ st&efflent$ compl) with th¢ CThanti'es
2011 thc Clwity (Accouals and Reports) R¢Buhiions 2(K)8 and the prom.910￿% of the trWSt deed. Th¢y Ire 8ts0
responsible for safeguarding th¢ assets of the chan'ty and heTh¢o tsking rwonabl¢ s*PS for the pmThtioll
d￿{￿li1)n of fraud oth¢r irregularilies,
Approved by order of the bo￿1 Ortn￿ OD ...
and y8wI its bebjlf by:
MT P Dodhia- Tnjgtce

RKP
RT OF THE INDEPENDENf AUDIT
JCD FOUNDATION
TO THE TRUSTEES
Opinion
W¢ have audited the ftnancial slatements of JCD Foundation (the 'charity') for th¢ year ended 31 December 2024 which
comprise the Statement of Financial Acttvitie% the Balance Sheet, th¢ Cash Flow Statement and notes to the financial
statements, including a summary of significant accounting poli¢i¢s. The financial reporting framework that has been
applied in their preparation is appli¢abl¢ law and United Kingdom Accounting Standards (United Kingdom G¢n¢raily
A¢¢epted Accounting Practice), including Financial Reporting Stsndard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland,.
In our opinion the financial statements:
give a trne and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming re50ur¢¢s and
application of resources, for the year then ended.
have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice, including
Financial R¢porting Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,.
have been prepared in accordance with the requir¢ments of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance wilh Intemational Standards on Auditing (UK) (ISAS (tJK)) and applicable law.
Our responsibilities under ihose standards are further described in the Auditors, responsibilities for the audit of the
financial statements section of our report. We independent of the charity in accordance with the ethical requirements
that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have
fijlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statement& we have concluded that th¢ trustees, use of the going concern basis of accounting in
the preparation of the financial ststements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast signifJ¢ant doubt on the charity's ability to continue as a going concern for a
nod ot'at least twclyc months from wh¢n the fmancial statements ar¢ iiuthoris¢d for Issue.
Our responsibilities and the responsibilities of the ttustees with resp¢¢t to going concern are described in the relevant
sections of this report.
Other inforni#tion
The tswstees are responsible for th¢ other inforniation. The other information comprises the infonnation included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise
explicitly statgj in our report, we do not express any fomi of assurance conclusion therwn.
tn connection with our audit of the financtal statements, our responsibility is to read the other infonnation and, tn doing
so. wnsider whether the other information is materially inconsistent with th¢ finan¢ial statements or our knowl¢dge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent materiaI misstatem¢nts. w¢ are required to detennine whether this gives ris¢ to a material misstatement in the
financial statements themselves. If, based on the work we have perfonned, we conclude that there is a material
misstatement of this other infonnation, we are required to report that facL We have nothing to report in this regard.
Matters OD which we Are required to report by exception
We have nothing to report in respect of the following matters wh¢r¢ the Charities (Accounts and Reports) Regulations
2008 requires us to report lo you if, in our opinion:
the infomiation given in the Report of the Trustees is inconsistent in any material respe£t with the fmancial
statements; or
sufficient accounting records have not been kepL' or
the financial statements are not in agreement with the accounting records and returns. or
we have not received all the infonnation and explanations we require for our audiL

REPORT OF THE INDEPENDEiYf AUDITORS TO THE TRUSTEES OF
JCD FOUNDATION
Resw)nsibilitios of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of
th¢ fmancial statements which give a trne and fair vi¢w, and for such intemal control as the trustees determine is
necessary to enable the preparation of fuwicial statements that are free from material misstatemenl whether due to fraud
or error.
In preparing the financial statements, the trnstees are ￿SPonsible for asse&sing the charity's abilily to continue as a going
oncern. disc105in& As applicabl4 matters related kn going wncern and using the going concern basis of accounting
unless the trustees either intend to liquidale the Charity or to cea5¢ opeTation5. or hav¢ no realistic alternative but to do
so.

REPORT OF THE INDEPENDENf AUDITORS TO THE TRUSTEES OF
JCD FOUNDATION
Our responsibilities for the audit of the fin*neial statements
We have been app)inted &8 auditors under Section 144 of the Clwities Act 2011 and report in accordance with the Act
and relevant regulations made or having effect ther¢und￿.
Our objectives are to obtain reasonable assurdnce about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or etTor, and to issue a Report of the Independent Auditors that includes our
opinion. Reasonable wurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a matcrial mi5Statement when it exists. Misstatcmcnts can arise from fraud or cnDr
and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the
economic decision5 of users taken on the basis of these financial statements.
The extent to which our proGedures are capable of detecting inrgularities, Including fraud is det￿led below:
We obtained an undet3tanding of the charity and identified that the princlpal risks of non-wmpliance with laws and
regulations relate to the Charity Commission regulations. and we con5Tdered th¢ extent to which non-compliance might
have a material effect on the financial statements. We also considered those laws and regulations that have a direct
impact on the financial Statements of the charity or the operations of the charity, and deterniincd that the most significant
are those that relate to the Charities Act 2011. Charity (Accounts and RetK)rts) Regulations and Charities SORP (FRS
102).
As part of an audit in a¢wrdan¢e with ISAS (UK), we exerci￿ Professional judgement and maintain professional
scepticism throughout the audit. We a150:
- Identify and assess the risks of material misstatements of the financial statements, whether due to fraud or etTor, design
and perfonn audit procedures reswnsive to those risks, and obtain audit evidence that is sufficient and appropriat¢ to
p￿VIde a b￿lS for our opinion.
- Obtain an understsnding of internal control relevant to the audit in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- Evaluate th¢ appropriateness of accounting policies used and the reasonabl¢ness of accounting estimales and related
discloswes made by the trustees.
Conclude on the appropriateness of the trustees, use of going concem basis of accounting and, based on the audit
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt
on tlie charity's ability to continue as a going concern If we conclude that a material uncertainty exists, we are required to
drnw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions ￿ based on the audit evidence obtained up to the date of out
auditovs report. However, future events or conditions may cause the Gharity to cease to continu¢ &8 a going concern.
- Evaluate the overall P￿¢￿tatIOn. stnlcture and content of the fmancial statements. illcluding the disclosures. and
whether the financial statements repTescnt the underlying transactions and events in a manner that achieves fair
presentation.
Wc communicate with thosc charged with governance regarding, among other matter5. thc planned scope and timing of
the audit and significant audit findings. including any significant deficiencies in internal control that we identify during
our audit.
Thcrc are inherent limitations in thc audit procedures described above. We are less likely to becotne aware of instances
of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the
financia] statements. Also. the risk of not detecting a material misstatement due to frnud is higher than the risk of not
detecting one resulting from em)r. as fraud may involve deliberate concealment by. for example. forgery or intentional
Mis￿preSentatiOns, or through wllusion.
A further de￿rIptIon of our responsibilities for the audit of the financial statements is locat￿ on the Financial Reporting
Council's website at Www.frc.o￿.Uklaudlt0rsreSpOnSlbI1lties. This description fornis part of our Report of the
Independent Auditors.

REPORT
F THE INDEPEIYDENf AUDITORS T
D FOUNDATION
THE TRUSTEES
Use of our report
This rewrt is made solely to the Ch￿Ity'S trnstees, as a body, in ac¢ordance with Part 4 of the Charities (Accounts and
Reports) Regulations 2008. Our audit work has been undertsken so that w¢ might state to the charity's trustees those
matters we are required to slate to them in an auditors. rewTrrt and for no other purpose. To the ￿lIest extent pennitt¢d by
law, we do not accept or assume responsibility to anyone other than the charity and the charity'5 trustses as a body, for
our audit work, for this report, or for the opiniolls we have fomied.
Harendrd Kishorlal Shah (FCCA) (Senior Auditor)
For and b¢half of Shah & Co (Accourrtants) Ltd
Chartered Accountants & Ststutory Auditors
Cash's Business Centre
1st FIc￿)r
228 Widdrington Road
Coventy
West Midlands
CVI 4PB

ATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YE
DED
I DECEMBER 2024
31.12.24
Totsl
fimds
31.12.23
Total
funds
Unrestricted Restricted
nd
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1.395,000
1,395,000
1,162,500
Investment income
736,176
736,176
411,301
Totsl
2,131.176
2,131,176
1,573,801
EXPENDITUKE ON
Charitable aetivities
Operations of the charity
1,137.451
1,137,451
1,536,021
Net gain5 on investments
1,573
NET INCOME
993,725
993,725
39J53
RECONCILIATION OF FUNDS
Totsl funds brought forward
17,236,055
17,236,055
17,196,702
TOTAL FUNDS CARRIED FORWARD
18,229,780
18,229,780
17,236,055
The notes part of th¢5¢ financial stat¢mcnts

31.1124
31.1123
FIXED Assrrs
Invtskn¢nts
J3
13J45.094
I l ?J8529
DebroT5
14
15
280,141
3J65,954
1250,311
5,666,958
291789
Cash at bJDk
4,897,IlJ6
5.959,933
CREDII"ORS
, Amouots fallin8 dva within one ye¥
16
(11420
(Il407)
NET CVRREPIT hSSETS
4.884.686
5,947326
TOTAL,ISSETS LESS CURR&Mr
18,229.780
17,236J)55
ET￿ETs
18329.780
17 ?36.055
18
Unre5trictcd fvnds
18,229.780
1723&055
TOTAL FUNlh
18229.780
17J6,055
Th¢ fmmn
5tstem¢nts approved by the Boptd of Thtstt¢s and for cn
ond were signed ou its bchalf by:
Mr P Lyodhia ryTTTUStee
Tho now iomi part of these finon¢i•l statements
io

D FOUNDATIOIY
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
31.12.24
31.12.23
Not¢5
Cash flows from operatfing aetlvities
C&8h generated fiDm operations
(23,093)
(352,635)
Net cath used in operating activities
(23,093)
(352.635)
Cthsh floivs from investing activities
Purch&se of r￿ed &sset investmcnts
Sale of fixed asset investments
Sale of social investments
Interest received
(4.852,366)
5.096.805
(16,955.487)
1,573
411,301
736,176
Net c&8h provided by/(used in) investing activities
980,615
(16,542,613)
Change in cash and cAsh equivalents in
the reporting period
Cash and cRsh equivalents at the
beginning of the reporting period
957,522
(16,895,248)
292,789
17,188,037
Cash and cash equivalents at the end of
the reporting period
1.250,31 I
292,789
The notes forn] part of these financial statements
11

JCD FOUNDATION
NOTES TO THE CASH FIX)W STATEMENr
FOR THE YEAR ENDED 31 DECEMBER 2024
RKCONCILIATION OF NET INCOME TO NET CASII FLOW FROM OPERATING AcrIvrrIES
31.12.24
31.12.23
Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Losses on investments
Int¢￿st received
Oncr¢as¢ydecreas¢ in debtors
Incrcase in Creditors
993.725
39,353
(1,573)
(411,301)
14,239
6,647
(736,176)
(280,655)
13
Net easb used in operations
(23,093)
(352,635)
ANALYSIS OF CHANGES IN NET FUNDS
At i/ir24
Cash flow
At31112Q4
Net egsh
Cash at bank
292,789
957.522
1,250.311
292.789
957,522
1,250,311
Liquid resources
Deposits included in cash
Current assel investments
5,666,958
(2,301,004)
3,365,954
5,666,958
(2,301,004)
3,365,954
Totsl
5,959,747
(1.343.482)
4,616,265
The notss forni part of these financial statements
12

JCD FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31 DECEMBE
24
GENERAL INFORMATION
JCD Foundation is a r¢gistered Charitable Incorp)rnted Or¥anIsatio￿ regulated by the Charity Commission ft)r
England and Wales. The charity's regislered number and registered office address can be found on the Reference
and Administrative Details page of these financial statements.
ACCOUIYTING POLICIES
B&sis of preparing the fthanciAI statements
The financial statements of the charity. which is a publtc benefit entity under FRS 102, have b¢¢n prepared in
accordance with the CFwities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to ¢harities preparing their accounts in accoTdan¢e with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Stand￿d applicable in the UK and Republic of
Ireland, and tbe Charities Act 2011. The financial statements have been prepared under the historical cost
convention, with th¢ exception of investhient5 which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it
is probable that the incorne will be received and the amount can be measured reliably.
Cash donations are recognised on re¢eipt. Other donations aff recogThised once the charity Iw been notified of
the donation, unless perfonnance conditions require defenl of the amount. Income tax recoverable in relation to
donations Teceived under Gift Aid or deeds of covenant is recognised at the time of the donation.
Taxation
Th¢ charity is exempt from tax on its Charitable activities.
Fund accounting
UnrestiiGt¢d funds can be us¢d in accordance with the charitable objethives at the discretion of the trustees.
Restrict¢d funds can only be used for particular restricted purposes within the objects of the charity. R¢strictions
arise when specified by th¢ donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the fmancial statements.
Going concern
At the time of approving the financial statements. the trnstees have a reasonable expectation that the charity has
adequate resources to continue in operntional existence for the foreseeable future. Thus the trustees continue to
adopt the going concem basis of ac¢ounting in preparing the fmancial statements.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of tlwee months or less, and bank overdrafts, Bank overdrafts shown
within bjrrowings in current liabilities.
Grants payable
Grnnts payable included in the year are paid to institutions for the purpose of supporting various local projects
that align to the charity's CIO objethives.
Investments
Investments measured at amortized cost are initially recognized at fair value, plus any directly atiributsble
transaction costs. Subsequent to initial recognition, these assets are carried at amortized cost, Using the effective
interest rate (EIR) method. Interest income is recognized in the income statement using the EIR method.
13

DATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES - Continued
Basic financial assets
Basic financial assets, which include debtors and cath and bank balances are initially measured at trnnsaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitLrtes a fmanGing transaction. where the tran5athion is me&sured at the
present value of the future receipts discounted at a market rate of inteTe5t. Financial assets classified &s
receivable within one y¢ar are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditor5 and bank loans are initially recognised at transaction price unless
the a￿ngement Constitutes a financing transaction, where the debt instrument is measured at the present value of
th¢ future payments discounted at a market rate of interest. Financial liabilities ¢l&%sified as payable within one
year are not amortised.
Debt instruments are subsequently catried at amortised cost. using the effective interest rate m¢thod.
Other creditors are obligations to pay for goods or serYi¢es that have been acquired in the ordinary Course of
operdtions from non-suppliers. Amounts payable are classified as Cu￿ent liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Creditors are recognised initially at transaction
price and subsequently measured at amortised cost using the effective interest method.
Derecognition of fllnancial liabilities
Financial liabilities are derecogt]ised when the charity's contra¢tual obligations expire or are discharged or
cancelled.
CRITICAL ACCOUNfiNG JUDGEMENfs AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The charity rnakes estimates and assumptions concerning the future. The trustees are also requircd to cxcrcisc
judgement in the pro¢ess of applying the charity's accounting policies. Estimates and judgements are continually
evaluated and are based on historical experience and other factors. including expectations of futLWC cvcnts that
are believed to be reasonable under the circumstances.
The estimates and assurnptions that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next finan¢i81 year are addressed below.
In preparing these financial statements, the ITUStee5 have made the following judgements:
Investments in UK government gih securities:
Critical estimates, assumptions and judgements relate to the detennination of the carrying value of investment in
UK government gilt securities at amortised cost in the Statement of Fin8mcial Activities. Financial assets held to
collect contractual cashflows are those where cash flows represent solely payments of principal and interest, and
ar¢ measured at amortised cost. A basi¢ lending arrdngem¢nt results in contractual cash flows that arc sol¢ly
payments of prin¢2pal and interest on the principal amount outstanding.
14

JCD FOIJNDATION
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR EIYDED 31 DECEMBER 2
24
DONATIONS AND LEGACIES
31.12,24
31.12.23
Donations
Gift aid
1,116,000
279.000
930,000
232,500
1.395.000
1,162,500
INVESTMENT INCOME
31.12.24
31.12.23
BaTrk int¢￿st r¢¢¢ived
UK gilt coupon and ac¢Ned inter¢sl
5,360
730,816
110,558
300,743
736,176
411,301
CHAIUTABLE AcfiviTtES COSTS
31.12.24
31.12.23
Postal fees
Accountancy and audit fees (s¢¢ not¢ 8)
Bank and brokerage chaxges
496
6,120
25,288
31,904
5,910
29,793
35,703
Grant fi￿dIng of activities (s¢¢ note 7)
1.105.547
1.500,318
.137,451
1,536,021
GIL4Nfs PAYABLE
31.12.24
31.12.23
Grants to Énstitutions:
Shree Hal￿] Visa Oshwal Aadijin Sewa Trust
Uiiaini Senior Citizens Forutn
Shree Adinath Yuva Charitable Tn￿t
Sh￿e Maitri Vatsalya Trust
Shree Vijaybhadrn Charitsbl¢ T￿$t
820,293
25,734
181,399
72,497
5,624
1,419,515
46,666
33,129
I,(K)8
1.105.547
1,500,318
15

JCD FO
DATION
NOTES TO THE FINANCIAL STATEMENTS - eontinued
R THE YEAR ENDED 31 DECEMBER 2024
SUPPORT COSTS
31.12.24
31.12.23
Auditoes remuneration fee
4,920
4,800
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year
ended 31 December 2023.
Trustees, expenses
There were no truste¢s' ¢xp¢nses paid for the year ended 31 December 2024 nor for the year end¢d 31 December
2023.
io.
COMPARATIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
nd
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,162,500
1.162.500
Investment income
411,301
411,301
Total
1,573,801
1,573,801
EXPENDITURE ON
CharitAbl¢ activitfies
Operations of the charity
1,536,021
1,536,021
Net gains on investments
1,573
1,573
NET INCOME
39J53
39,353
RECONCILIATION OF FUNDS
Total funds brought foTward
17,196,702
17,196,702
TOTAL FUNDS CARIUED FORWARD
17,236,055
17,236,055
16

JCD FOIJNDATION
NOTES TO THE FJNANCIAL STATEMENTS- Continued
R THE YEAR ENDED 31 DE
l￿BER 2
ii.
EMPLOYEES
There are no employees within the charity (2023: Nil).
12.
TAXATION
The charity is exempt from tax on income and gains faIling within section 505 of the Taxes Act 1988 or section
252 of the T￿tIOn of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
13.
FIXED ASSET IIYVESTMENTS
Listed investments
Non ¢urrent asset
Current asset (note 15)
At December 2024
13,345.094
3,365,954
16,711.048
At D￿eMbeT 2023
16,955.487
During the year, new gilt bonds were aCqUi￿d totalling to £4,852,366, while gilts with a total value of
£5,096,805 matured. These investments are valued wsing th¢ amortised cost method using the effective interest
rate.
were no investment assets outside the UK.
14.
DEBTOILS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Other debtors
Pr¢paym¢nls and accrued income
279,000
1.841
186
280,841
186
15. CURRENT ASSET INVESTMENTS
31.12.24
31.12.23
Listed investments
3,365,954
5,666,958
17

JCD FOUNDATION
NOTES TO THE FINAJYCIAL STATEMENfs- continu
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
CREDITORS: AMOUNTS FALLING DUE ￿TIllN ONE YEAR
31.12.24
31.12.23
Accwals and deferred income
12.420
12.407
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
fund
Restricted
fund
tnvestments
Current assets
Cu￿ent liabilities
13 J45.094
4.897.106
(12,420)
13,345.094
4.897,106
(12,420)
11288,529
5,959,933
(12,407)
18229,780
18,229,780
17.236.055
18.
MOVEMENT IN FUNDS
Net
movement
in ￿ttds
At
31112124
At 111124
Unrestricted funds
General fund
17,236,055
993,725
18,229,780
TOTAL FUIYDS
17,236,055
993,725
18229,780
Net movement in fimds, included in the above are as follows:
tncoming
reSou￿¢S
Resources
expended
Movement
in funds
Unrestricted fun(ts
Gene￿1 fund
2,131,176
(1,137,451)
993,725
TOTAL FUIYDS
2,131,176
(1,137,451)
993,725
Comparatives for movement ID funds
Net
movement
in funds
At
31112123
At 111123
Unrestricted funds
General fund
17,196,702
39,353
17,236,055
TOTAL FUIYDS
17,196,702
39,353
17,236,055
18

FO
DATION
NOTES TO THE FINANCIAL STATEMENfs- contin
R THE YEAR ENDED 31 D
ER2024
18,
MOVEMENT IN FUNDS- continued
Comparative Det movement in funds, included in the above are as follow5:
Incoming
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
1,573,801
(1,536,021)
1,573
39,353
TOTAL FUNDS
1,573,801
(1,536,021)
1,573
39353
19.
RELATED PARTY DISCLOSURES
During the year, the charity entered into the following transactions with related parties..
The total amount of donations received from trustees amounted to £1,116,000 (2023: £930,000). There were no
conditions attached to ally of these donations.
There were no other disclosable related party transactions during the year (2023: None).
20. POST BAIANCK SHEET EVENT5
There were no subsequent events that require disclosure after the reporting date.
19