RFGISTERED COMPANY N(IMBER.. 13689941 {EDgland arjd Wll1¢5} REGisfERED CHARITY l¥iUMBER.. 1197376 REPORT OF THE IRUSTEES AND FINANCIAL STATEMF.NIS FOR THE YEAR ENDED 31ST (oBER 2023 frY)R IIIE tIAJVIR FOUNDATION PSJ AIcx8nder& Co ChBrt¢T¢d A¢untsnts & St*utory Audilors l Doughry Street Lonth)n WCIN 2PH
171E RAJVIR TrDIJNT)ATION CONTENTS OF THE F]NANCIAL STAfEMENTS FOR THE YEAR ENDED 31s'r ocroDER 2023 Pag¢ Reportoftk'jnthes I to 2 Rcportofthe IndepEndenl AudittkTS 3 10 4 Sr8temeniof Fin8nci81 Activities Balance Sh*t otes ro th¢Fin8ncid Stst¢m¢nts 7 to 10 Detsijed St&¢metrtof firjaI Activitics
THf. RAJVIR FOUNDAnON REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31STOCTOBER 2023 The trus$ who are Blso din¢tors of the ¢hrity for the purrA)ses of the Companies Aci 200& ptesEllt Iheir report with th¢ financial stllteTnents of thc charity for the year ended 31# October 2023. The ITUSlees h&ve adowed the provi$itsn¥ of Accounti8 and REpDrting by Charilie5.' Stsiemeni of Rvuimrnetthl Pra¢tice applicable io chariknes prepÈring their a¢(x>unis in atcordan¢¢ the FiDgnoal RewTrrtix8 5tsndB 5pplibje in thc UK Jnd Rcpublic of ITrland IFRS I2>{effeCtiVe l Januy 2019). OJklErfivES AliD AcfiviTIES Objectfves ims The ChÉTity Truste¢5 keen lo Sup[ Rclivities th21 advCE the Objects in all effectiv¢ way. However. they wise that limitrd amourtt of fund5 15 ailable to disknbute ¢8¢h year. The Charity Trustccs. current funding priorities ate.. - the preservation of h¢alth. Ihc advanL%ment Df education. -the supwrt of ¢htId. . the supwrt of )Men. . tribd cyre: - the suptt of cornmunitie& . humanitsrian sup, - the &dY8nmentof animal weifarE- -Ihe consemtion oftheenwronmeni., - the swrt ofemeTgency reliefs,. - the th#nc¢m¢nt ofre110 ACHIEVEMENT AND PLRF()RMANCE Charitable #ttivities This 15 the 5¢wnd yeBT for th2 FOatIon. A ¢otsJ of £ 25.252 graffls were pAi& A bt of requests rtkut4rly receiv¢d by mail and some ofthEm gTe enmained Foundationsobjtetiyesond availability offiLnds FI ANC]AL REVILW I¢r41 revicw rtsllh5 tor the yeir One of the PriTnary objethives of the Foundation is to pTve the cOu$ and iS5llE grants. on earnings. For the current ye8r th¢ vestment turned unrealized Bain of £52,876, this will provide mort opwrtunilies to e2thBtKe Er4nt iS5ving for the forth(Xrnin8 y¢ar gnd thus setve Ihe obicetsves ofih¢ Foundalion. FtrruRE PLANS TheTThsw regularly scruliniYE V05 grant p]l¢Atll& r¢viewthem St exeeut¢ atwrdiT81y. STRUCTIIRQ COVERNANCE ANDMANAGEMENT Goierning document The ch8riry is conbvlled by its govemin8 doethhtnL a deed of trusL rA)nslitul¢y a limilcd compzny. lllnited by BuatBnts¢. as detlRcd by tk Comp8nie5 Act 2006. Rt¢ruitment xnd appointm¢nt of trustees Th¢ ¢xisting Twsiee8 arc rcswn5iblc for the aptK>inlmenVTemoval of the TnLsiees in acwrdancc wnh the thHrity deed of tsWL New Ttusiees aTE briefed aLx)ur their restK>nsibilits by the existing TrLW¢¢& The Trustees aTe 8pp)intrd for a te]m of thre ytars by reItiOn of the Tn]8tces al a special meeting. or8nItnl strutture The Charit> Trustees are resF<)nsible for ihe gener41 ntrol and man88emcni of the charity. The Tnt5fft5 give IhtlT lie fTeely 8nd re¢eivc no remun¢ratiDn or other financiBI b¢ncfits. The o]dinary meetin8s of the TAtte5 body lake pla( 4¢ l¢ast tw(% annujn. adjtiional meeiinB5 lake plgce reqllid. Th¢ acli¥ilie5 ofihe Trust aTe managed by the T. Risk The trus*e$ have a duty to i(kntify and tevievj thE risks to Mthich the charity is exFosed al 10 eD$ure appropriaTr colltro in pIAce to provide rea¥onable assuAKe awnst ftaud and enor. The are sati8fied Ihgt thir¢ aTe appropriate CO0tr015 in plt 10 provide re8sonabl¢ osstrrance again fraud or ettor and to deal Fisks identificd. All thc GrantsaTe issued by a signed by tw4) TrusTres. REFERENCL AND ADlINISTRATIN DETAILS R¢gi5t¢red Company ttDmbÈr 13689941 (Englznd Dnd Wales) Page I
IIIE RAJVIR FOUNDATION RF.PORI"ofThFTRU.8fFFS FOR THE YEAR ENDED 31sr ocroBER2023 R¢gkitsred Chlrity numbEr 1197376 Rtgistrd offi¢¢ 2nd Floor Regis Ho 45 King Williom Strt LA)ndon EC4R 9AN Trust¢eJ MrH B M¢hla Mrs S Virani MrR J Virani Mr P B Virani MrA S Virnni fvf5 S R Virani Mr V Rviralli Auditors PSJ Alexander& (ThBrtered Accounmnts & 5tstutory Auditor5 London WCIN 2PH sTATEmT OFTRUSTEES, R&SPONSIBILITIES Th¢ tN%eC5 (Nho are dso Ihe direclors nf The Rajvir Foundation for the PUTP)5es of company laThl are re5wwibk for pre4xrin8 the Report of thc InL%ices and the fiTrBnCl Dtetnen15 in accordance ith appli¢able law pnd Uniied KinRdDm Accouniing SiarwJ& (Uni KiThÈdom GenulY Ac¢cpted Accouniing Practi¢e}. Compan> laiy r¢(Nire5 the iTU51ee5 lo PTrpaR financi sthtemenL% for e8¢h fiDan¢1 yw which givc a tru¢ f8ir view of the sta of af(32is of the chatithble wnpany and of the incomin8 rur(c and application of resou. incl¥lin¥ the inEom¢ and ¢xpcndituT¢. ot'thc CharlblE for prriod. In tryaringthose finartid s¢at¢m¢n. the Inwees are requirtd srkcl suitable aicDUtLting polTCi¢S then apY them COnSiSLenily'. obs¢rvr th¢ melh(Kl8 and prIlpleS in th¢ Charity SORP,. maLc judgementsand clM¢sthat are rtaqonabk. and pthi. prep£re thc finBnci81 s¢amMis on going concern b&sis vnlw il i% inappropri&le to prLiurt the ¢haTitsbJ¢ comwy wtll niinu¢ in bu5illes> I'he vusiees are rel1ble for kPi propKT accountin8 records whicb dixlgs¢ wilh CUrncY It 8ny lim¢ thc fina]¥1 p0sOn of the dJuTiiable comp8ny and io Lnablc them to e4)5urt thal Ihc finaTKial 5taiements comply with thc CompxniL% Acl 2(M. They are al&0 TpL)nSible for ¥afegu1n8 the &stts of the ch&rityble coMFnY and hu)c¢ for tskinE T¢0&ble sieps for thc prevention Bnd thteeiion of 8nd othLY irrtoul&ritic& In so far85 the trijsiees tre 8waTtr. Ihere is no Telev1 audii infomwion of whiehdr charitsblceompany's audiiof5arc iinawJr¢' Jnd the inthe5 liav¢ ¢akcn all sws ihai they ouBhi to make thcmg4lve5 d'Sre of 4T)y l¢vAl 4udii inforni1On 4nd io esiabllshththÈ AthlilQ¢S Ar¢ awbre Orth infMlIn. ALDITORS The oudiiors, PSJ Alexallthi & th. will k proFod for Te-4ppoinimenl rtl the lfflh¢ominkAnnuhl GcJKrnl ML*ii Approved by otd¢i ufihc Ix)ard oftru51eCS OIi.... . 5)gd0D it5 kha]t'by'. Mr S S VirHni-'fn Pagc ?
REPORT OF TFIE INDf.PE.NDENT AUDITORS TO MEMBERS OF THE RAJVIR FOUNDATION OpDiion We hawt audil¢d Iht finaD¢ial 5taletnents ofTr Rajvir Foun10 Ilhe 'charile COTnpany'l for the y¢ar ended 31st October 2023 which compriEe the Statrm¢nt of Fir7¢1&1 Activities, the BllIan Sheet aNJ 1¢$ 10 thc financiAI includin8 a summary of si8nific4nt accounling w1]c$. The financial r¢portin8 framewoTk that hos b¢m applied in their pnpatttion is applIbI¢ law and UDiied Kll]gdom A¢Uming Standards Iunited Kingdom Generslly Accepted ActOUTLting PraGbc¢l. In ow opinion the finttncial $ttteMen- give atruc and fair view ofihe stak of the dritbk wmpny's affaits &% ot 31st Ottokn 2023 of its incomit¥ ytte$ nd 8pp1ltatn of [esourc& including its income and expdIture, for thvyeaTthcn etykd. have properly pttp&rtd in UCWrdan wtthuniled Kin8dom Genernlly Accefvl Awunt5ng PractiL%' have ten tryared in attordance with the requirements ofthe Companles Act 2(Kkn. DAgbJ foropinioD We ndted our oudit ti] Ac¢ordBn& with Inrnationol Standards on Auditing IIJKI (TSAS IUKII and applte2ble law. Our r¢sp)nsibilitiC5 uNleT Slandatds are furthET dexribed in th¢ Auditors, esn81b11ltles IOT ihe 8u(lii of Ik financial s18teTnents Se¢litin of OUT report. We are indepeniknt of thc charitabk compAny in accordBn¢e with the ethi¢41 requiTemeThts arc rekvani to our audit of the tit>an¢ial atevclS Ln the UK: including the FRC'$ Ethical Sitsndard, Bnd we kve fulfilled our other ethic8J ssx>nsibilities in aCrOn wtth thcs¢ ttqUiJEmettty W¢ E¢li¢vc that the audii ewdette wc hAve obtwn¢d is 5uffKienl and priale ID provide a basis forouropinion. CoDelu$ioD$ ryltin8 to golng ¢Ollter In auditing the ffinancial %t8tement& we hBve concludcd thttt the tru51ee5' w¢ of the going of aLwunting the prewation of the financial a]Rents isypproprill. Bssed on ihe work we h&ve perfonneé. hav¢ noi tdeffllfied an}. material ullc¢ff8intI Telating to events or thnditio iha( individuBlly or collectively. may cast gnIfiet doubt on th¢ charitable COpanY'S ability to continue BS a going concern for a pEritKI ofai le¥sl twelve months from Whe the Tn¢la1 stent$Te authori%d foriss. Our re$FX>nsi1lIle$ 8nd th¢ TCSP)ngibiliiies ofthe trust£es with re5Wt to going corKern are dwribed in th¢ vant sections of this Other inlomti The trustees BTe spOnSIble for ik other infonnation. The oth¢r fOrmatn eompri8es the inforniation irtcluded in the Amual Report. oiher than Ihe fin&ncial 5tslementsat our Rertof the IndepvJLdenl Audiiur5thereorL Our opinion on the fin8nci&l statrrrnts does not wver thv other infoTTTbalion aDd ¢x(%pt to the exnt otherwise explicitly tij OUT tew>rt. w¢ do norexpress arjy fonn of sutaL¢e cO]s1o th¢reon. In connemion with Ollr audit of the fiw)¢i81 st4t¢m¢nts our rwsibiljty Is to othcr inforn)aTion and: in doing so, wns5dcr hethcr th¢ other infomiation is materially inConSIent with the fiJwKial statements or our kIMledge obtain¢d in the &udit or othenvise apw to be tnateriajjy ]ni55tat¢d If w¢ ithntify such m8teriÈl ineon$isten¢i¢$ or appanI materi81 mis$tatements, we requid to d¢t¢miin¢ wkther this gives rise to a JnaeeTial mwtal¢menr in th¢ financial stattmellts themselve& If. ba%d on the work havE rf9rKd, w¢ Wlu(k that ther¢ is a merial mis8tsiemeRt of thL4 other infomiation: WUiTed to that fa¢L We have nothing 10 in this regard. OpiTrionBon other rnatters pruerlb¢d by th¢ CompAnies Att 21W)6 In our opinion. h8ed on thc iwrk underrÈkkn in the CQUT5e of the audil: the inforni81ion giv¢n in the Report of the Tntsteeg for the f)nan¢1 yeHr for which the fin2nci21 st#t¢m¢¢ts con51sieni wih ihe fitsart¢ittl sX#tements'. nd the Ryrt of ihe Tn¢¢5 has been preped in 8¢coidaDtr wryih applible Ie89l reqDiJEmenLS. Mitt¢TS ott Mhith we 4re required to report b>. ¢xcepllo In th¢ Itght of th¢ kno.]ed#t and undetstinding of the charitable coMpY and its enviTOlltiiBnt obiainEd Tn the COU of the audi¢ we have It identified maierid IL%581ements in the Reportof the Trust¢es. We have nothtng to retx)rt uj respecl of follon8 matters wh*t CO1p91¢S Act 26 lequires us to repoN to you if, tn our opinion.. quate accounttng record5 h8ve not been kepi or rern$ ad¢qur for our audii hve not beem frtsm brgnchtts Mt visited by or the fjnancial ststements are ix)t in agreemeni w4ih ihe a¢eounling rOrdS and retum&' or ctrtain dis¢105urcs ot'tru5tees' TemUrtIOn 4rIed by l&iv are not rnade= or r have tt receiv¢d all the infornJation and explatsatigns r¢quir¢ for OUFawJii: or the trustees ivere tKkt entitled to rak¢ advants8e ot. ttrK small companiES exemptiDn trom the requir¢meni to p]epate a Strthgic Report OT in preparing Ihe Rewrt of the Tyusiee PHge 3
REPORTOTr THE 1NDEPNDEN'l. AUDI'IDRS'IDTTrIE MEMBF.Rsor
THE RAJVJR FOUNDATION
ReBpDosbblllths of trn$tees
As explaid mor¢ fully in the Stst¢mcn¢ of Trustees, Reswtsskniilities. IhE Inbslee¥ Bre also the direthors of the thitable
¢ornpsny for the PUTpJses of company lllwl are reswmsil)le for Ihe pw)aMion of Ihc financid ststements srtd for bein8 liried th
they gTve a ond fair view. ond for such inleThal control as Ihe lrustees detrm)ine is necessary kn enable the prepArntion of
finftncial sthmentsthaiare fret from material m2551atemeDI. whetherduc to fr8ud oFetror.
In pwaring the financial ststsmcnts: thc trustees 8re responsib]¢ for a%ssing the charitsblt (¥)mpaJ)y's ability ¢0 cominue As a going
Jc¢nL disclosin& as applic4bl¢. matters related fy) going eorteern and using the 80in8 concern basis of acLX)unting unless tl
trustees either i]ettd ro liquid&te tl Chilble comptyy or to cease Or10 or h8ve no realistic Shem7Ve butto (k) 50.
Our TtspoTrsibilities for the audit of fhc finHcial ytstcments
Our objectives ar¥ to ubiain reasonable assurance about Ivhethet the fjnancigl 51atsrn¢nts a5 8 w 4T¢ free from matsrial
i5Sts1emenL whethET due to fisud gr error. and to issu¢ a Report of thc Indendent Auditots that iJKludes our opinH)n. Reasonable
assuranee is a high level of assurane¢ is not a guÈtgntee th audit wndwt¢d in ardne¢ ISAS IUKI will &lN#ys detret
a rnatui&l mi&star¢menl when it ¢X1515. Misslatrments Can arise fro]n fraud or Error and are considered malerial if. indii'idually or in
the 4sgr¢g4W. tky ¢oyld rety)thly b¢ ¢X¢t io Intluen the eco]M)mi¢ decisiolls of users tkn ort the t4si$ of th¢5¢ financial
starcmets
'rheextent to which our proccthjrts are pable 0fdeteCti iTrT¢8ulgritie4 Includi fraud is d¢tsil¢d Et10.
- we revi th2 fLnEi&l stBtern¢nts di5dosures and t¢sting SUprting th)¢thnentstion to ossess compli4llce with Provisions of
Jtlevanl laws and rtgulaiions thai bave a di1 effclt un the fancial stat¢m¢nts.'
- enqu1a ivith ih¢ managemeni am concernin8 actyjal and tx>tenlial litigation 9t cLqims,'
- performed withur¢5 to identify any Unal or urrtxpec*d relationships that n]&y indic4t¢ risks of material
misstarcmcni du¢ to fra1.
- we minutfs of ]ll1g$ ofthose ¢haTg¢dwith govemanc
- we obtained an undetstanding of any provision$ and IKld diwi10n %vith managernni kn utxlcrstand the bASiS of recognition or
n.reeogtiiiion of w wovisionsla&wk' and
- Ive added the risk of fraud through uTranag¢meni ov¢rrid¢ of ¢onlwl$ by iesiiog the apptvptiateness of Journ ¢ntri¢5 and other
ljosknents.. 8SY&8inB whethr the judgemejjts made in tnaki UtIng estimates arc Indi1$v¢ of g poT¢niiil bi&.. and evduating
the rational¢ of anj $i8nilic4ni transactions thal ar¢ unusual or outsi(k the [Mat WUTse ofthe business.
l)ur audil de%igned to rtsKKmd lo ri8k¥ of ThElerial mi55talement ill the fJn2ncigJ Sknternen recognising that the risk
ort detectijbg a ]nateriBI Thi&%taternent due to frnud is hIgr risk ofnot detecting one tesulting from ermr, as fraud may
involve deliberalB conccalrnent by. for examp]e. forgery, rnisrepresentations or thmugh lIslon. There are inherent limitations in
the gudii PTo¢¢dwe5 p¢rfomxd the f¥rthcr removed fton-¢omplisnc¢ with I&ws and r¢gulatior)5 is fiThn the events tnd
Iv3n5Ktion5 rcfleckd in the finBnci&l 5(ztements, the less likety we are to eMe awan of IL
A further th5cription of our rwnsibilities for the a11 ofthe financial stairmEnts is located on the Financial Rewning Council's
websit¢ uwwi.frc.org.uk1aAitOreS[NXfj1bI]Ities. Thi$
THF. RAJVIR FOUNDATtON STATEMENTOF FINANCIALACTIVITIFS FOR THE YEAR ENDED 31ST OCTOBER 2023 Peri(Kl 19110QI Yty e4ded 31nin3 lo 31110122 Totsl fund5 Unytstrrettd Note5 IliCOME AND ENDoWlEYTs FROM Donation5 and legacie5 i$.O(rt) I.283.2 Other irtcotne Total 1.283.002 EXPENDITIIRE ON Chiriiablt actSvlties GTllnt5 Paid 12,364 Other 6,593 5,054 Ttstsl 31145 17.418 Nct gaiThi{lossl on InvcAnntS 52,876 160.0531 NET INCOME 46,787 ,205,531 RECONCILIATION OF FLINDS TDtal fund5 brought fuwvrard 12owJ TOTAL FIIP4DS CARRIED FORWARD 1352J18 1205.531 The TM)tes forn) of these fJJanaBI siatcmen Pe5
THE RAJVIR FOUNDATION IJALANCb SllbET 31ST OCTOBER2023 2023 Unrutrltted fund 2022 To111 fun Notes VIX*:D A&SLIE Inve#m¢nts 1,137006 93&143 CURRkiYT A&SETS C&that b8nk 117J12 270.638 CKKDITORS AmtyJI fAJling due W1U& oneyegr (2) {3.250) NET CURRKNT ASSETS 114.7J2 267.388 TOTAL ASSE'J3 LTr,SS LURKEN'f LIABILI'ri 1352J18 1.205.531 NET Assrrs J351J J8 ,205,531 FIJPIDS Uw¢stricted hnds J,252JJ8 1,205.531 TOTAL V1JNDS 1.252 J18 .205.531 'tThese slatCm¢Dts. hav¢ b¢¢n Prepared in accord8ntt with lh¢ provi$ion5 applicabl to ch81itable subjeet kn the Sm] comptsnies Te8lmC. "Ihc financial %thtemcnts wcrc approved by thc J3o4rd of TTwle¢s auihoriscd for is¢ on . ¥md wer¢ Mr S S ViMi-Tru81e¢ MrA S ViMii- TrnALe Th¢ t1¢¥ form Dr ihis¥ fillancial 5taicincnL%
THE RAJVIR FOUNDATJON NOTE8'1"0 I'HE FIfvANCIAL STATEMEN75 FOR THE YEAR ENDED 31STOCTOBEk 2023 ACCOIINTIP4G POLICIES Bis1$ of preparlng tht IlnanelilJtAtemtnts Th¢ f]nan¢1 at¢ments of the choritsblc company. whith is s public knefit ¢ntiry Utth FRS 102, have prepred in 2¢wrdanee with the Charities SOKITr (Ft(S 1021 'Ac¢ourrtiDg and RepK)rtin8 by Charities.. Stgtemeni of Recommende Prxrice appli(able to chaTities pptIng their accounts gCCOTdanc¢ iwth the Finatt¢1 Reporting Slandwd applicable in the UK and Kepublic of Ireland {FR$ 1021 leffeixive l January 2O19}'. Finlln¢i81 Rcportsng Standard 102 The Fin8ncis1 Rewrting StandaTd applicable in the UK and iiepvblic of Ircfand, and the thmpsnies Act 2006. The financi81 statcm¢J have Fen ptrparnl under Ihe historical cost convention, wth ¢x¢%piion of investhjents Mthi¢h STe InC]ud at market VRIUE. 85 modified by the revaluation of ccff8in as8ets. Golkng Cottr At th¢ tiinc of approving the financial stsiemeni$. tree$ h8v¢ a r¢8soNble eX10n that the ¢Ity athquATe resources to continuE in owatK)nal exien for the foSee&ble firtwt. IThu5 thc trusict5 continut to ado0 thE 8oin8 con¢em basis of accouniing in preparing the fiTraiiL131 &tetn¢n Ineorne All intom¢ is r¢¢oEnis¢d in th¢ SthtrnKnl of Fin8n¢ial A¢tivilies Dnce the chBrity has entitIenTrt to fund& il i% ryDbable thatthe income will be received and the amountcall be mea5wed T¢liabJy. ExpEndrty l.i&bililie5 are Tccognised expenditure Bs there is a k8al or construciive ubligBlion LY>mrThitting the ¢lwity to th&t exp¢nditUT¢. it is PTobablc thor a rrdn8f¢r of economic benefrts will be required in settlerneni and ihe &motsnt of thc obli8Qtion n k tnea5UTed reliably. Expenditure i5 awwntcd for on aD Hccruals basis and has been cJas5ifrd under headtngs th&t agwgat¢ all ]Elated to the ¢4teKOry. Wkre wsts canTh)t be directly attrilted to p8rtithJlBr Jttdings they have been Iwated to &dtvitie5 m a basIsnsISteAt with the resources. fjrants offercd subjeel to ¢onditiOrts whKh have not beeTh rn2t &t the yearend date are noted as a commitill2nt tt ared as eXtnditU. TAxAtIo The ch8rit)' i% exetDPt froTh cormiontax on its charitable x¢tivilie& Fuhd tc0Ut8 Uoreslricted funds cm be used its ¢ordaI with the tharitabk obie¢liv¢5 at the disctrlion of the trustees. Restricted funds ¢th on]y k USEd for p3riicuknr rEstriGtrd purp)5rs Mithin the obje¢ts of the cknity. Re5trictM)ns arise wthen specified by Ihe donor orwhen funth Hre raised for p8ttieulat ffgtriL4 puJp05¢S. Furfher¢xpl8vtion of the nature and pvrFKise of eath fllnd is uKlud¢d in th¢ teSt0 th¢ fJn¥mcial sta*ments. A5s¢ts and liabiliiies in fOl8n cuntn¢ie$ ¥se trdn51ated into sterling 81 the rates of ¢%¢hangc rling ai the bllIan sheet data T]8]]sac1)s in foTe5gn Grr¢tE5 ar¢ translated into er]ing 81 the r&ie of exchange ruling gt the date of tr)saCrI0n. Exchangedifferences Sre taken itrto aCLX)unl in HrriviKg at OFfrating resuh. Fixed awt inwestmenis a forni of financial instnulleni are initially T¢LXl8nised * their tr8nsactiQll C05t and subscquenily mc&gured kt f&ir vttlue #t the BÉlance sheet dat& tmle$s the value nn0t be &sred lIablY in iyhith it is rne¥ured al iy)st ks8 impaimicni. lnvtstnxt gains and losse& wlkther reajised or unre¥litsYd. are combined atKI ps¢nted as'Gwn51lLossesl on invesrmenw in th¢ Ststem¢niof fman¢ial &tiVit$. C•$h at bank and ID h&nd Cash at bank and c4sh in hand inclu(ks irnmediate a¥$ and overni8hi bank deposit5. All oMKr (kp)sits fjre induded Is trmi deSIts. CreditOTr7 And proi'iTions Crndiiof5 anJ provibions are reco8nised ivhere the chyrity h8s g present obliwioj) Ytsuliing from 8 eveni ihal i1411 probably resuh in th¢ iransfcr of funds a third patty and the tsmount due lo settk the obligation Can be measured or imatsd reliably. CredilOTS and provi8iO])S ÈTe Tewi5¢d ai th¢irs¢rtl¢ment amount. P8ge 7 continued...
'I'HE IL4JVIR FOUNDATION NOTES TO THE FINANCIAL STATEMEN15. contind FOR THE YEAR ENDED 31ST ocfoLIER 2023 AccoiINfiNG POLICILS-touthuued Flnantial inslrnments The Charity only h85 fill181 assets and fin8nCi81 liabilib¢s of & kind that qualify 05 b85ic fjngnrial insNments. Basic financial instruments r initially ]r¢ognixd at Iransactiorj Yalue aTrJ subwuently mtrdsured at their sertlejnent valup wyth the ex¢epiiN of bank loans which are subsequernly measuttd at amortid cost using the effethive intejtst method. T JNCOMFJ(EXPENDITIIREI Net incomel(expeThliDJLEI is stated after Chargin(cdItlns)'. Period 19110121 lo 31110122 Year ended 311j13 Audiiors. NnunerAtion 3,18• 3.250 TRIISTEES. REMIINERATION AND BEtsEFITS There were no lrnthe5' remuneratM)n or other knefits for the year ended 315t Oth)treT 20 nor for the ]xrioJ enthd 310thb¢T Z022. Tn25t¢es' expenKs ThE]Ewere no trusteeg expense5 Phid fr>r the yearended 31<lkknkr 2023 nor fi)r thB peri()d endd 31t October 2022. COMPARA1'1VES FOR THE STATEMEIYTOFFINANCIAL ACTIVITIES UThT¢5tiicted fwjd INCOME.4ND ENDOWMENTS FROM Ik)n¥lions and legacies 1.283,002 EXPENDITIIRE ON Choritble actii'ities Grants Paid 12.364 5.054 Total 17,418 N'et goin110e5} on lljvestments 160.0531 r4tr INCOME 1.205.531 TOI'AL FIINDS CARRIED FORWARD 1305.531 Page 8 Continued...
THE RAIWR FOUNDATI()N NOTES TOTHE FfNANCIAL STATEMENTS- wntinu FOR THE YEAR ENDED 31STocfoBER2023 FIXF.D ASSET 1Tr4vF3TMF.Trs Listed inVtrnents MARKEfN'ALIIE At I Nov¢mb¢r 2022 Addiiions Rev10$ 938.143 150,000 49A63 At 31st October2023 1,137S06 r4ET BOOK VALUE At 31st October 2023 1,137,606 At 31stOct(>bEr 2()22 938.143 Ther¢Mrr¢ tb) invcknTht &ssets outsidc thc UK. Cost OT v8Juotion at31stO¢*ob¢r2023 1$ r¢rrtsented by: investmtDts Valuation in 2022 Valuation in 2023 C05t 16J&571 49.463 1,137,0th5 C.RFDITORS: AMOUNTS FAI.I.JNC DI",F WITHIN ONE YEAR 2023 2022 Accnxd exne5 3,250 MOVEMENT IN FiINDS At 1111122 move]neRt in fvnds At 31110123 I1nrTIrtCd fujbds General rd I J05J31 41787 1252J18 TOTAL FIINDS 130&531 4A787 1,2S2.318 Net monent in irKluded in the aknve 8re as follows.. In¢omsng rtsourtts ReurceS eXnded CJBins and los5 Moyement in funds I1tricted fund$ GEnerdJ fund 31,8451 SI6 4&787 TQTAL FIINDS I31,.5) 51876 46,787 Pagc 9 coniinued...
THE ILIJVIR FOUNDATION NOT&S TO THE FINANaAL STATEMEN]S-wntiDued F'OR TIIE YFAR ENDED 31STOCI'OBER 2023 -VOVEMF.NT IN FIINDS- Comp*r•tiYes for movemtTht in At 3111(2 in funds Vnwtricted Ceral fund 1.205.531 1205.531 TOTAL FUNDS .205,531 1,205.531 Compardtive net ]MVellnt in thnd& I¢]ude0 in th¢ aEove e És follow& Incoming sources Resourszs ex Gainsartd Ios5ts MoveThent in fijn UNre5tri¢te41 fvnd$ Genetal fund 1,283,002 160.053} 1:205,53J TOTAI. FUNDS 1.283,(X)2 Il7.418 {60:053} 1.205.531 RELATED PARTY DISCIA)SIIRES The eharity madB donations durin8 the year ts) lh¢ following IrIc& Tr Rajvir Foundation ayjd the following efi¢iari¢5 have a Irugtee in ¢tsmmon {Sh8ilesh VirtTbil. 1. I5.02.- SRMD UK-earthquake aPPEal. Syria EarthqLth xppeal. £l,O(Kl 2. 28.07.23- SRMD UK- Charity Pk- LYF SRLC Gift Pth- £lJ(X) PB8¢10
THE RAJVIR FOUNDATION DETAILED STA TEMENT OF FINANCIAL A1VITIEs FOK IItE YEAR ENDED 31ST ocfoBEK 2023 Period Iwion Y¢8T¢nd¢d 31110Q3 3TIIOQ2 INCOME AND ENDOWMF.WTS DoTrtlorts Iy¢i tk)nation8 1SIN]O 1283,002 Othtr iTrrome fjiftAid (K¢¢¢iV from HMRQ Jnlercsl Tncome 751 756 Tot1 incorning 0re 25,756 1.283.002 EXPENDITI:.RF. Charttsblt a¢tlvitles Grnnts w in•tutIOnS 12364 Supportcosts Portfolio maneMentr¢¢$ 3813 1,804 GovtrniD¢e costs Auditors. rernunerwion 3.180 3.250 Totsl Tesou]res ¢xp¢nded 31145 Net lexpendituIn¢ome btfore gBiL$ und 1059eS 1fj,08YI 1,265.584 Unttallied gkins1105ses fa ithv Utlrealised gainOSS&S fa inv 52J76 160.0531 P4et income 46,787 1205.531 This page d£ts not forni part of the slaturory financiAI stst¢m¢nls PaKell