# **Registered Charity: 1184814 Company Number: CE018470**
# **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
**A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
**Reports and Unaudited Accounts Year ended 31 August 2025**
1
**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
**A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
|**Reports and Unaudited Accounts**||
|---|---|
|**Year ended 31 August 2025**||
|Contents|Page|
|Legal and administrative information|3|
|Trustees’ report|4 to 9|
|Independent examiners’ Report|10-11|
|Statement of fnancial activities|12|
|(Incorporating income and expenditure statement||
|Balance sheet|13|
|Notes to the accounts|14 to|
||19|
2
**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
## **Legal and administrative information**
Charity Name: ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK Nature of Governing Constitution of a Charitable Document: Incorporated Organisation with voting members other than its charity trustees (‘Association’ Model Constitution) Charity registration number: 1184814 Registered company number: CE018470 The board of Mr Mayank Jain trustees/directors: Mr Amit Jain Mr Ankit Jain Mr Punit Ajmera Mr Pulin Baghela Mr Paras Jain Mr Anish Jain Mr Gaurav Kumar Jain Mr Somil Jain Registered office and centre The Old Barn, Bennetts Close address: Cippenham, Slough, SL1 5AP Independent examiners: RNM Accountants UK Ltd Chartered Certified Accountants 213 Kingsbury Road Sri Abji Bapashree house Suite 15, 1[st] Floor NW9 8AQ Principal bankers Metro bank 211-213 High St, Hounslow TW3 1BL
3
## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION Trustees’ Report Year ended 31 August 2025**
The Trustees are pleased to submit their report and unaudited accounts for the year from 1[st] Sep 2024 to 31[st] August 2025.
It was registered as charitable incorporated organisation on 8[th] August 2019 and obtained a charitable status from that date.
The Charity Registration Number is 1184814 and company number is CE018470.
## **Structure, Governance and Management**
## **Governing Document**
The charity is constituted as charitable incorporated organisation and is governed by its Constitution of a Charitable Incorporated Organisation (CIO) with voting members other than its charity trustees (‘Association’ Model Constitution), dated 10 July 2019, and is registered with the Charity Commissioners as amended on 26th Jul 2022 and subsequently on 7th Feb 2023.
The charity has no share capital. Under the terms of its Constitution of the CIO, the Directors/Trustees of the company are also the members who are liable to contribute a sum not exceeding £1 in the event that the company is wound up whilst they are a member or for one-year thereafter. The number of trustees at present is Nine.
The Charity is under overall control of the Trustees, who conduct the affairs of the Charity.
## **Principal Objectives and Aims**
The Trustees review the Charity’s principal aims, objectives and activities each year to ensure that the charity remains focused on its stated purpose. Over the next 12 months it will be promotion of religious festivals, religious events, education, training and research aimed towards advancing the Digambar Jain religion and meditation. There were no significant changes to the main objective and the aims of the Charity during the year.
The objects for which the charity is established are:
To advance the Digambar Jain religion for the benefit of the public in accordance with the proclamations and teaching of Tirthankar Adinath Bhagwan, Tirthankar Mahavir Bhagwan, Acharya kundkund, Acharya Shri Gyansagarji Maharaj, Acharya Shri Vidyasagarji Maharaj of India and Future Acharyas of Acharya Shri Gyansagarji Maharaj & Acharya Shri Vidyasagarji Maharaj Association (Sangh) in particular, but not exclusively by provision of a temple and community hall for the holding of prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature and broadcasting to enlighten others about the Jain religion.
## **Trustees and Directors**
The following persons served as directors/trustees during the year and all of them retired on 16 May 2026:
Mr Nitin Ajmera
Mr Abhiraj Jain
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**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
Mr Vivek Basal Mr Abhinesh Jain Mr Nilay Malaiya Mr Ajit Kumar Jain Ms Pooja Jain Mr Santosh Jain Mr Abhishek Jain
## **Trustees’ Report Year ended 31 August 2025**
## **Organisational structure**
The trustees are responsible for the general control, decision making and day to day management of the charity without remuneration and any other financial benefit. The charity is organised so that the trustees meet regularly and with the Jain Scholars and working groups to manage its affairs and activities with the assistance of volunteers.
## **Recruitment, appointment, induction and training of Trustees**
The existing trustees (“Board”) are responsible for the appointments and removal of trustees in accordance with its governing document, the CIO constitution. Trustees are appointed for a term of two years (earlier it was three years), post which, process for election for new trustees is initiated. The charity has an open recruitment procedure for new Trustees from the membership, with regard to specialist skills required by the board.
The charity encourages policies and procedures for the induction and training of both new and existing Trustees so that they can familiarise themselves with the Charity and the context within which it operates; drawing the Trustees attention to the Charity Commission website and publications signposted through the Commission’s Guide “The Essential Trustee”.
New trustees undergo induction to brief them on their legal obligations under charity and company law, the content of its governing document – the CIO constitution, the learned scholars, the working groups and committees, the decision-making process, the governance structure, ongoing business plans, recent financial performance and the day-to-day affairs of the charity. During induction, they meet key volunteers and other trustees. Trustees are encouraged to attend appropriate training events where these facilitate the undertaking of their role.
## **Membership**
Membership of the CIO is open to anyone who is interested in furthering its purposes, and who, by applying for membership, has indicated his, her or its agreement to become a member and acceptance of the duty of members set out in sub-clause (3) of the ‘Membership of the CIO’ clause in CIO, the constitution document.
## **Risk Management**
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with ongoing and annual review of the controls over key financial systems to be adequate. The Trustees are satisfied that there are appropriate controls in place
5
## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
to provide reasonable assurance against fraud or error and to deal with risks identified.
## **Public benefit statement**
The Trustees confirm that they have referred to the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit; when reviewing the Charity’s aims and objectives and in planning future activities, and in particular how the planned activities will further and reflect its aims and objectives for the benefit of the public. The Charity has achieved this objective by means of range of activities, working groups and education with both Jains and non-Jains.
## **Trustees’ Report**
## **Year ended 31 August 2025**
## **Review and summary of activities and developments**
The activities of Charity have increased over the years. This year the charity was able to hold the following events:
- **Das Lakshan Parv – 8 to 17th September 2024 -** The Trust organised the ten-day Jain religious observance focused on forgiveness, reflection, self-discipline and spiritual learning. The Bhaiyaji from India was invited to lead discourses, prayers and religious activities.
- **Kshamavani – 22 September 2024 -** Members came together to seek and offer forgiveness, promoting peace, humility and harmony within the community.
- **Mahavir Nirwan Mahotsav / Diwali – 1 November 2024 -** The Trust celebrated Bhagwan Mahavir’s nirvana and reflected on his teachings, including non-violence, truth, compassion and self-discipline.
- **Holi - 23 March 2025 :** The Trust celebrated Holi as a community gathering, bringing families and members together in a joyful and respectful environment. The event helped promote cultural bonding, community participation and intergenerational engagement, while giving children and young people an opportunity to stay connected with Indian traditions and festivals.
- **India Day Event – 30 August 2025 :** The Trust participated in the India Day event at Navnat Centre and helped distribute food and sweets to attendees.
- **Regular Puja and Vidhan -** The Trust continued regular worship activities at the temple every Sunday, giving families and members an opportunity for religious learning and community participation.
- **Children’s Online Hindi Classes -** The Trust supported Hindi classes for children to help them stay connected with Indian language, culture and heritage.
6
## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
- **Weekly Pathshala -** The Trust organised sessions for children and young people focused on Jain values, moral education and cultural learning.
## **Plans for the future**
The Trust plans to continue developing its religious, educational and community activities in line with its charitable objectives. Key areas of focus include:
## **Financial review and fundraising**
The Trust will continue to review its financial position and explore appropriate fundraising activities, mainly to support the maintenance and upkeep of the building and Digambar Jain temple.
## **Library and educational resources**
The Trust aims to build a collection of reference materials, including books, audio and video materials, photographs and other educational resources. These materials will support learning for both Jains and non-Jains interested in Jain religion, values and culture.
## **Education for children and young people**
The Trust plans to continue supporting children, young professionals and students through educational activities focused on Jain values, moral education, cultural awareness and personal development.
## **Religious and cultural programmes**
The Trust will continue to promote understanding of Digambar Jain religion and cultural values through discourses, educational classes, Swadhyay for adults, Pathshala for children, workshops, study groups and cultural programmes.
## **Property maintenance and improvements**
The Trust will review the property requirements and make suitable adjustments or improvements where needed to support worship, education, community activities and accessibility.
## **Financial review**
The statement of financial activities shows for the unrestricted fund total income for the year of £64,236 (2024 - £116,015) and total expenditure of £28,123 (2024 - £32,553) resulting in surplus of £36,114 which has been transferred to the accumulated reserves and a total surplus on the unrestricted funds of £147,410 at the end of the year.
The Charity has a restricted Building Fund and received total donations and income of £103,774 (2024 - £119,157) and bank interest of £3,471 with expenses of £NIL (2024 - £7,036) resulting in a surplus of £107,244 which has been transferred to the Restricted Funds reserves amounting to total £1,019,537 at the end of year.
7
ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST
LONDON UK
A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION
**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
## **Trustees’ Report Year ended 31 August 2025**
The Trustees would like to acknowledge and thank the tremendous efforts of the volunteers and the many supporters of the charity for their kind services and generous donations.
## **Reserve’s policy**
Trustees are conscious of their responsibility to ensure that Acharya Shri Vidyasagar Digambar Jain Charitable Trust London remains on a sound financial grounding and are aware of the growing pressure on finances to make decisions on where they place financial support for charitable and educational initiatives at a desired level.
The Trustees review the Charity’s reserve policy for unrestricted fund at intervals during the year by reviewing accounts and income expenditure budgets. Currently & since the foundation/inception of the charity, events and unforeseen expenditure are met by raising funds during the events itself and daily activities are managed by volunteer time free of cost provided by Trustees and members alike.
The trustees continue to aim further fund raising through donations and fundraising events; to continue financing the maintenance of the building of Temple.
## **Freehold Property**
The Charity completed the purchase of the property at The Old Barn, Bennetts Close, Cippenham in March 23. It is a big property, 2 storeys with large parking area that suits the Charity in the pursuit of its principal objectives and aims. It is suitable for the temple worship and prayer meet. The activities and events of the trust are conducted from this new property mostly. In case of bigger gathering the nearby school is hired. The planned renovations/refurbishments to make the new property suitable to the Charity's needs and objective were finished in March 2024.
## **Co-operation with other organisations and bodies (both charitable and non-charitable)**
From time to time, the Charity receives from and provides to other Jain and NonJain organisations both tangible and non-tangible assistance for the furtherance of its objectives. It also collaborates with other charitable and non-charitable organisations when necessary and in accordance with its objectives.
The Charity actively engages with other organisations to advise and promote training, education, research and academic excellence of Jainism.
## **Statement of Directors/Trustees’ responsibilities**
The Trustees are responsible for preparing the Trustees’ Report and accounts in accordance with applicable law and United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Practise)
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**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the Trustees are required to:
- ⮚ Select suitable accounting policies and then apply them consistently
## **Trustees’ Report Year ended 31 August 2025**
- ⮚ Observe the methods and principles in the Charities SORP 2015 (FRS 102)
- ⮚ Make judgements and estimates that are reasonable and prudent
- ⮚ State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- ⮚ Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The Trustees are responsible for maintaining proper accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the accounts comply with the Charities Act 2011 and the Companies Act 2006, the requirements of the Statement of Recommended Practice Accounting 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 (FRS102 effective 01 January 2015 – Charities SORP FRS102), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102), the Charity (Accounts and Reports) Regulation 2008 and the provisions of the trust deed.
This report was approved by trustees on June 2026.
Mr Pulin Baghela Trustee
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**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
**A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
## **Year ended 31 August 2025**
## **Independent examiners’ report on the unaudited accounts to the trustees of the Acharya Shri Vidyasagar Digambar Jain Charitable Trust London UK**
I report to the trustees of the Acharya Shri Vidyasagar Digambar Jain Charitable Trust London UK (the Charity) on the accounts for the year ended 31 August 2025, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
This report is made solely to the Charity’s trustees, as a body. My work has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiners’ report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s trustees as a body, for my work, for this report or for the opinion I have formed.
## **Respective responsibilities of trustees and independent examiner**
As described in the statement of trustees’ responsibilities in the Trustees’ Report, the Charity’s trustees are responsible for the preparation of accounts and they consider that the charity is exempt under section 144 of the Charities Act 2011 (the 2011 Act) and exempt under part 16 of the Companies Act 2006 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under Charities Act and is eligible for independent examination, it is my responsibility to:
- ●Examine the accounts under section 145 of the 2011 Act;
- ●To follow the application Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- ●To state whether particular matters have come to my attention
## **Basis of independent examiners’ report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. My examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures
11
## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiners’ statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- a. to keep account records in accordance with section 386 of the Companies Act 2006; and
- b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting of Charities Applicable to Financial Reporting Standard applicable to UK and Republic of Ireland ((FRS102 effective 01 January 2015 – Charities SORP FRS102); have not been met or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached.
Jai Haran Independent Examiner RNM Accountants UK Ltd Chartered Certified Accountants 213 Kingsbury Road Sri Abji Bapashree house Suite 15, I Floor NW9 8AQ Dated: June 2026
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**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
## **Statement of financial activities (Incorporating income and expenditure statement) Year ended 31[st] August 2025**
||Unrestrict
ed Funds
Restrict
ed
Funds
Total
Funds
2025
Total
Funds
2024|
|---|---|
|**Note**
**s**|**£**
**£**
**£**
**£**|
|Incoming Resources
**1**||
|||
|Incoming resources from
generated funds||
|Donations, legacies & Gift
aid
**4**|**47,429**
**103,77**
**4**
**151,20**
**3**
**173,17**
**8**|
|Investment income||
|Bank interest & other
income
**4**|**905**
**3,471**
**4,376**
**1,414**|
|||
|Income from charitable
activities||
|Events and activities
**4**|**15,902**
**-**
**15,902**
**61,844**|
|||
13
## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
|Total income and
endowments
**3**|**64,236**
**107,24**
**4**
**171,48**
**1**
**236,43**
**6**|
|---|---|
|||
|Resources expended
**1**||
|||
|Expenditure on charitable
activities||
|Events and activities
**5**|**7,562**
**-**
**7,562**
**19,103**|
|||
|Other expenditure||
|Management and
Maintenance
**5**|**20,561**
**-**
**20,561**
**20,486**|
|||
|Total expenditure
**5**|**28,123**
**-**
**28,123**
**39,589**|
|||
|Net income(expenditure)|**36,114**
**107,24**
**4**
**143,35**
**8**
**196,84**
**7**|
|||
|Total funds brought forward
**6**|**111,296**
**912,29**
**3**
**1,023,**
**589**
**826,74**
**2**|
|||
|Total funds carried forward
**9**|**147,410**
**1,019,**
**537**
**1,166,**
**947**
**1,023,**
**589**|
There are no recognised gains or losses other than those in the statement of financial activities, and therefore no statement of total recognised gains and losses has been prepared.
All incoming resources and resources expended derive from continuing activities.
## **(Company Number: CE018470** )
**Balance Sheet as at 31 August 2025**
14
**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
||2025
2024|
|---|---|
|**Notes**|**£**
**£**|
|Fixed assets||
|Tangible fxed assets for use by the charity
**7**|**837,098**
**839,894**|
|||
|Current assets||
|Debtors
FD with Bank|**5,000**
**293,611**
**-**
**-**|
|Cash at bank in hand
**8**|**31,238**
**183,695**|
|||
|||
|Creditors: amounts falling due within one
year|**-**
**-**|
|||
|Net current assets|**329,849**
**183,695**|
|||
|Net assets|**1,166,9**
**47**
**1,023,5**
**89**|
|||
|Funds||
|Unrestricted funds||
|General funds
**9**|**147,410**
**111,296**|
|||
|Restricted funds
**9**|**1,019,5**
**37**
**912,293**|
|||
|Total funds
**9**|**1,166,9**
**47**
**1,023,5**
**89**|
The trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the act.
15
**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the Trustees on June 2026.
Mr Pulin Baghela Trustee
## **Notes to the accounts**
## **Year ended 31[st] August 2025**
## **1 Accounting policies**
## **a. Basis of accounting**
The accounts have been prepared in accordance with the Statement of Recommended Practice Accounting 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 (FRS102 effective 01 January 2015); (Charities SORP FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the Charities Act 2011 and the Companies Act 2006.
The Charity is exempted from preparing cash flow statement due to adoption of the exemption available (update 1B Feb 2016) to the charities with income less than £500,000.
Assets and liabilities are initially recognised as historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
## **b. Going concern**
The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern and meet ongoing costs, bank and other loan payments.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **c. Company status**
The charitable company has no share capital. Under the terms of CIO, the Trustees of the charity are also the members and are liable to contribute a sum not exceeding £1 in the event that the company is wound up whilst they are a member or for one year thereafter. The number of trustees at present is 7.
## **d. Public benefit entity**
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## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
The Acharya Shri Vidyasagar Digambar Jain Charitable Trust London UK meets the definition of a public entity under FRS102.
## **Concessionary loans**
The charity has received interest free loans from certain trustees and other members which have been fully repaid as of the end of the financial year reporting. The loans have been treated as public benefit concessionary loans under the definition in the Financial Reporting Standard FRS102. These loans are reported at the amount received. The loans have been discounted to their present value and the liability in subsequent years is not recognised at amortised cost using the effective interest rate method.
## **e. Fund accounting**
Unrestricted funds are incoming resources receivable or generated for the furtherance of the objectives of the Charity without a specified purpose and are available as general funds. Resources expended which meet these criteria are charged to the funds, together with a fair allocation of staff and support costs.
## **Notes to the accounts**
## **Year ended 31[st] August 2025**
## **1 Accounting policies (continued …)**
Restricted funds are used for the specific purposes laid down by the donor or sponsor. Resources expended which meet these criteria are charged to the funds.
## **f. Tangible fixed assets**
- Fixed assets are stated at cost less accumulated depreciation. The Charity considers that the existing freehold building is maintained in a good state at the end of the year after renovations and the life of the building considered to be long. As it was not possible to segregate the value of building from the freehold no depreciation has been charged on freehold land and residual building value.
Depreciation is charged on remaining asset cost over its estimated useful economic life on a straight-line basis as follows: Fixtures & Fittings – 20% (5 years)
At each reporting date, the charity reviews the carrying value of its tangible assets to determine whether there is an indication of an impairment loss and values estimated to recoverable amounts.
## **g. Debtors**
Debtors are recognised at the settlement amount due after allowing for any discounts and as per the terms agreed. Prepayments are valued at the amounts prepaid for services and accrued income are valued at the amounts due per terms agreed and there is certainty of receipt.
## **h. Cash and cash equivalents**
17
**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
Cash at bank and cash in hand includes bank balance kept in current and deposit accounts.
- **i. Income**
- Income is recognised in the period when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.
Income comprises of funds received from donations, events and activities and are included either as unrestricted funds and used for general purposes of the charity or donation received for purpose specified by the donor as restricted funds. They are recognised in the Statement of Financial Activities in the Period.
The value of services provided by volunteers has not been quantified and included in the accounts.
Donations and legacies comprise voluntary income received from donors together with amounts recoverable from HMRC under the Gift Aid scheme. Gift Aid income is recognised where entitlement has been established, receipt is probable and the amount can be measured reliably.
## **Notes to the accounts**
## **Year ended 31[st] August 2025**
- **j. Interest receivable** Interest on funds held in bank accounts is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **k. Expenditure**
Expenditure incurred is recognised in the period once there is a legal constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes attributable VAT which cannot be recovered and is classified under the following activity heading:
- Costs of raising funds relate to the costs incurred by the charitable company in including third parties to make a voluntary contribution to it, as well as the cost of any activities with a fundraising purpose and their directly attributable or allocated associated support costs.
- Expenditure on charitable activities include the costs of charitable activities that is undertaken to further the purpose of the charity and their directly attributable or allocated associated support costs.
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**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION**
Expenditure is allocated to the particular activity where the cost relates directly to that activity. Both staff (none for the financial year) and support costs have been allocated to each activity (see Note 5 for allocation).
## **l. Management and Maintenance costs**
These are management and maintenance costs and comprise expenditure not directly attributable to the generated funds, charitable or fund-raising activities of the charity, but relate to expenditure incurred in the management of the charity and maintenance of the temple building.
## **m. Taxation**
The Charity is exempt from taxation on its charitable activities, as it is a registered charity.
## **2 Critical accounting estimates and judgements**
There are no significant areas of judgement or key sources of estimation uncertainty arising from the preparation of accounts.
## **3 Net income/expenditure**
|These are stated after charging
Depreciation of owned tangible fxed assets
Total|2025
2024
**£**
**£**
2,796
2,474|
|---|---|
||**2,796**
**2,474**|
## **Notes to the accounts Year ended 31st August 2025**
|4 Income
Income from donations
Donations unrestricted
Donations restricted
Gift aid donation
Total|2025
2024
**£**
**£**
27,091
54,021
49,676
74,436
119,157
-|
|---|---|
||**151,203**
**173,178**|
Gift aid donation includes £69,436 pertains to period upto March 2024.
Income from Charitable activities – Events and
19
## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
|**LONDON UK**|||
|---|---|---|
|**A RELIGIOUS CHARITABLE INCORPORATED**|**ORGANISATION**||
|Activities|||
|Mahavir Janm Kalyanak|-|8,757|
|Das-Lakshan Parv|9,396|29,274|
|KshamaVaani|6.028|8,512|
|Vedi Prathistha (Bhumi Pujan)|-|12,541|
|One Jain event|-|2,760|
|Holi Celebrations|478|-|
|Total|**15,902**|**61,844**|
|Investment income – Bank interest|4,376|1,414|
|Total income|**171,481**|**236,436**|
## **5 Expenditure**
|Analysis of total expenditure
Events and activities
Mahavir Janm Kalyanak
Das-Lakshan
KshamaVaani
Vedi Prathishtha (Bhumi Pujan)
One Jain Event
Holi Celebrations
Other expenditure
Reporting accountants’ fees
(see note below)
Legal fees – Building Fund
Building maintenance expenses
Depreciation
Temple Food & expenses
Management and|2025
2024
**£**
**£**
**Direct**
**costs**
**Support**
**costs**
**Total**
**Total**
-
-
-
4,225
-
-
-
3,525
6,609
-
-
953
-
-
-
-
6,609
-
-
953
686
6,117
4,550
-|
|---|---|
||7,562
-
7,562
19,103|
||**-**
**-**
**-**
**-**
-
-
-
-
7,389
2,796
4,878
-
-
-
7,389
2,796
4,878
7,036
2,474
3,375
5,497
-
5,497
7,60|
||20|
**ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
|**LONDON UK**|||||
|---|---|---|---|---|
|**A RELIGIOUS CHARITABLE**|**INCORPORATED**|**ORGANISATION**|||
|administration cost||||1|
||20,561|-|20,561|20,486|
|Total expenditure|**28,123**|**-**|**28,123**|**39,589**|
## **Notes to the accounts Year ended 31st August 2025**
## **Staff costs and support costs**
The charity is reliant on unpaid volunteers and their cost are not included as these services can’t be quantified. The average number of full-time volunteers during the year were 11.
## **Trustees’ remuneration**
The charity trustees do not receive any remuneration and were not paid any fees for professional or other services and for any expenses during the course of their duties in 2025 or any previous years.
## **Reporting accountants’ fees**
Reporting accountant have provided services on an honorary basis and have not charged any fees or expenses. The deemed value of services donated amounted to £2,000 and has not been reflected in the accounts.
## **6 Funds brought forward**
The charity has £111,296 of unrestricted funds and £912,293 of restricted Building fund through donations and charitable events and activities.
## **7 Tangible fixed assets**
|Cost
At 1 September 2024
Additions in year
Disposals during the year
At 31stAugust 2025
Depreciation
At 1 September 2024
Charge for the year
At 31stAugust 2025|Freehold
Property
Fixtures &
Fittings
Total
**£**
828,386
13,982
842,36
8
-
-
-
-
-|
|---|---|
||**828,386**
13,982
842,36
8|
||-
2,474
2,474
-
2,796
2,796|
||**-**
**5,271**
**5,271**|
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## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
|**A**|**RELIGIOUS CHARITABLE INCORPORATED**|**ORGANISATION**||
|---|---|---|---|
||**Net book value**||**828,386**|
|||**8,712**|**837,098**|
|**8**|**Cash at bank and in hand**|||
|||2025|2024|
|||**£**|**£**|
||Restricted|||
||Building fund|15,713|72,399|
||Unrestricted|||
||General Fund|15,526|111,296|
||Total|**31,238**|**183,695**|
## **Notes to the accounts Year ended 31[st] August 2025**
## **9 Movements in funds**
|Analysis of total expenditure
Restricted funds
Building funds
Unrestricted funds
General funds
Total funds|Balanc
e
1 Sep
2024
Incomin
g
resourc
es
Resourc
es
expend
ed
Balance
31
August
2025
**£**
**£**
**£**
**£**
**912,29**
**3**
**107,24**
**4**
**-**
**1,019,**
**537**|
|---|---|
||**111,29**
**6**
**64,236**
**28,123**
**147,41**
**0**|
||**1,023,**
**589**
**171,48**
**1**
**28,123**
**1,166,**
**947**|
## **10 Purpose of funds**
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## **ACHARYA SHRI VIDYASAGAR DIGAMBAR JAIN CHARITABLE TRUST LONDON UK**
## **A RELIGIOUS CHARITABLE INCORPORATED ORGANISATION Restricted building fund**
This fund represents the reserve kept aside for property (freehold land and/or building) & its maintenance to serve as Acharya Shri Vidyasagar Digambar Jain Charitable Trust London UK centre for charity activities and to refurbish/renovate to make it suitable for the objectives of the charity.
## **Unrestricted general fund**
This fund represents incoming resources receivable or generated for the furtherance of the objectives of the Charity without a specified purpose and are available as general funds for any of the Charity’s purposes and ongoing activities.
## **11 Taxation**
Acharya Shri Vidyasagar Digambar Jain Charitable Trust London UK is not liable to corporation tax on its income and gains in the current year to the extent that they are applied for charitable purposes.
## **12 Presentation currency**
The financial statements are presented in Great British Pound Sterling.
## **13 Legal forms of entity and country of incorporation**
Acharya Shri Vidyasagar Digambar Jain Charitable Trust London UK is a charitable trust governed by its ‘Constitution of Charitable Incorporated Organisation (Association Model)’ and is incorporated in England and Wales.
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