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 fir￿￿jaI Activitics THf. RAJVIR FOUNDAnON REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31STOCTOBER 2023 The trus￿*$ who are Blso din¢tors of the ¢h*rity 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$itsn¥ of Accounti￿8 and REpDrting by Charilie5.' Stsiemeni of Rvuimrnetthl Pra¢tice applicable io chariknes prepÈring their a¢(x>unis in atcordan¢¢ the FiDgnoal RewTrrtix8 5tsndB￿ 5ppli￿bje in thc UK Jnd Rcpublic of ITrland IFRS I￿2>{effeCtiVe l Januy 2019). OJklErfivES AliD AcfiviTIES Objectfves *ims The ChÉTity Truste¢5 keen lo Sup[￿ Rclivities th21 adv￿CE the Objects in all effectiv¢ way. However. they wise that limitrd amourtt of fund5 15 a￿ilable to disknbute ¢8¢h year. The Charity Trustccs. current funding priorities ate.. - the preservation of h¢alth. Ihc advanL%ment Df education. -the supwrt of ¢htId￿￿. . the supwrt of ￿￿)Men. . tribd cyre: - the sup￿tt of cornmunitie& . humanitsrian sup￿￿, - the &dY8n￿mentof animal weifarE- -Ihe consemtion oftheenwronmeni., - the swrt ofemeTgency reliefs,. - the th#nc¢m¢nt ofre11￿0 ACHIEVEMENT AND PLRF()RMANCE Charitable #ttivities This 15 the 5¢wnd yeBT for th2 FO￿atIon. A ¢otsJ of £ 25.252 graffls were pAi& A bt of requests ￿ rtkut4rly receiv¢d by mail and some ofthEm gTe enmained Foundationsobjtetiyesond availability offiLnds FI￿ ANC]AL REVILW I￿*￿¢r41 revicw rtsllh5 tor the yeir One of the PriTnary objethives of the Foundation is to p￿￿Tve the cO￿u$ 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(X*rnin8 y¢ar gnd thus setve Ihe obicetsves ofih¢ Foundalion. FtrruRE PLANS TheTThsw regularly scruliniYE V￿0￿5 grant ￿p]l¢At￿ll& 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>nsibilit￿s by the existing TrLW¢¢& The Trustees aTe 8pp)intrd for a te]m of thre ytars by re￿I￿tiOn of the Tn]8tces al a special meeting. or8*nI￿t￿n*l strutture The Charit> Trustees are resF<)nsible for ihe gener41 ￿ntrol and man88emcni of the charity. The Tnt5fft5 give IhtlT li￿e fTeely 8nd re¢eivc no remun¢ratiDn or other financiBI b¢ncfits. The o]dinary meetin8s of the TA￿tte5 body lake pla(* 4¢ l¢ast tw(% annujn. adjtiional meeiinB5 lake plgce reqlli￿d. 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 pl￿t 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 AD￿lINISTRATIN￿ 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 Rtgist*rd 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 sTATEm￿T 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 Genu￿lY 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 r￿ur(c￿ and application of resou￿￿. incl¥lin¥ the inEom¢ and ¢xpcndituT¢. ot'thc Charl￿blE for prriod. In tryaringthose finartid s¢at¢m¢n￿. the Inwees are requirtd srkcl suitable aicDUtLting polTCi¢S then ap￿Y them COnSiSLenily'. obs¢rvr th¢ melh(Kl8 and prI￿lpleS in th¢ Charity SORP,. maLc judgementsand c￿lM￿¢sthat are rtaqonabk. and pthi. prep£re thc finBnci81 s¢a*mMis on going concern b&sis vnlw il i% inappropri&le to prLiurt* the ¢haTitsbJ¢ comwy wtll niinu¢ in bu5illes> I'he vusiees are rel￿￿1ble for k￿Pi￿ propKT accountin8 records whicb dixlgs¢ wilh ￿CUrncY It 8ny lim¢ thc fina￿]¥1 p0s￿On 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 T￿pL)nSible for ¥afegu￿1n8 the &stts of the ch&rityble coMF￿nY 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 Telev￿1 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¢vA￿l 4udii inforni￿1On 4nd io esiabllshth￿thÈ AthlilQ¢S Ar¢ awbre Orth￿ inf￿M￿lI￿n. ALDITORS The oudiiors, PSJ Alexallthi & th. will k proFo*d for Te-4ppoinimenl rtl the lfflh¢ominkAnnuhl GcJKrnl ML*ii Approved by otd¢i ufihc Ix)ard oftru51eCS OIi.... . 5)g￿d0D 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 Foun￿10￿ Ilhe 'chari￿le COTnpany'l for the y¢ar ended 31st October 2023 which compriEe the Statrm¢nt of Fir￿7¢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 applI￿bI¢ law and UDiied Kll]gdom A¢￿Uming Standards Iunited Kingdom Generslly Accepted ActOUTLting PraGbc¢l. In ow opinion the finttncial $ttteMen￿- give atruc and fair view ofihe stak of the d￿rit￿bk wmpny's affaits &% ot 31st Ottokn 2023 of its incomit¥ y￿￿tte$ ￿nd 8pp1ltat￿n of [esourc&￿ including its income and exp￿dIture, for thvyeaTthcn etykd. have properly pttp&rtd in UCWrdan￿ wtthuniled Kin8dom Genernlly Accefvl Awunt5ng PractiL%' have t*en tryared in attordance with the requirements ofthe Companles Act 2(Kkn. DAgbJ foropinioD We ￿nd￿ted our oudit ti] Ac¢ordBn& with In*rnationol Standards on Auditing IIJKI (TSAS IUKII and applte2ble law. Our r¢sp)nsibilitiC5 uNleT Slandatds are furthET dexribed in th¢ Auditors, ￿es￿n81b11ltles 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 ￿atev￿c￿lS Ln the UK: including the FRC'$ Ethical Sitsndard, Bnd we kve fulfilled our other ethic8J ssx>nsibilities in aC￿rO￿n￿ 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$ioD$ ryl*tin8 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 ￿gnIfie*￿t doubt on th¢ charitable CO￿panY'S ability to continue BS a going concern for a pEritKI ofai le¥sl twelve months from Whe￿ the ￿T￿n¢la1 s￿￿t￿ent$￿Te authori%d foriss￿. Our re$FX>nsi￿1lIle$ 8nd th¢ TCSP)ngibiliiies ofthe trust£es with re5Wt to going corKern are dwribed in th¢ ￿￿vant sections of this Other inlom*ti* The trustees BTe ￿spOnSIble for ik other infonnation. The oth¢r ￿fOrmat￿n eompri8es the inforniation irtcluded in the Amual Report. oiher than Ihe fin&ncial 5tslementsat￿ our Re￿rtof the IndepvJLdenl Audiiur5thereorL Our opinion on the fin8nci&l statrrr*nts does not wver thv other infoTTTbalion aDd ¢x(%pt to the ex*nt 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 inCon￿SIent with the fiJwKial statements or our kIM￿ledge obtain¢d in the &udit or othenvise apw to be tnateriajjy ]ni55tat¢d If w¢ ithntify such m8teriÈl ineon$isten¢i¢$ or appa￿nI materi81 mis$tatements, we requi￿d to d¢t¢miin¢ wkther this gives rise to a JnaeeTial mwtal¢menr in th¢ financial stattmellts themselve& If. ba%d on the work havE ￿rf9￿rKd, w¢ W￿lu(k that ther¢ is a m*erial mis8tsiemeRt of thL4 other infomiation: WUiTed to that fa¢L We have nothing 10 in this regard. OpiTrionBon other rnatters pruerlb¢d by th¢ CompAnies Att 21W)6 In our opinion. h8ed on thc iwrk underrÈkkn in the CQUT5e of the audil: the inforni81ion giv¢n in the Report of the Tntsteeg for the f)nan¢￿1 yeHr for which the fin2nci21 st#t¢m¢¢ts con51sieni wih ihe fitsart¢ittl sX#tements'. *nd the Ryrt of ihe Tn￿¢¢5 has been prep*ed in 8¢coidaDtr wryih appli￿ble Ie89l reqDiJEmenLS. Mitt¢TS ott Mhith we 4re required to report b>. ¢xcepllo In th¢ Itght of th¢ kno￿.]ed#t and undetstinding of the charitable coMp￿Y and its enviTOlltiiBnt obiainEd Tn the COU￿ of the audi¢ we have I￿t identified maierid I￿L%5*81ements in the Reportof the Trust¢es. We have nothtng to retx)rt uj respecl of follo￿n8 matters wh*t CO￿1p9￿1¢S Act 2￿6 lequires us to repoN to you if, tn our opinion.. quate accounttng record5 h8ve not been kepi or re￿rn$ ad¢qu￿r for our audii hve not beem frtsm brgnchtts Mt visited by or the fjnancial ststements are ix)t in agreemeni w4ih ihe a¢eounling r￿OrdS and retum&' or ctrtain dis¢105urcs ot'tru5tees' TemUr￿￿￿tIOn 4￿￿rIed by l&iv are not rnade= or r have t￿t 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 1NDEP￿NDEN'l. AUDI'IDRS'IDTTrIE MEMBF.Rsor THE RAJVJR FOUNDATION ReBpDosbblllths of trn$tees As explai￿d mor¢ fully in the Stst¢mcn¢ of Trustees, Reswtsskniilities. IhE Inbslee¥ Bre also the direthors of the th*itable ¢ornpsny for the PUTpJses of company lllwl are reswmsil)le for Ihe pw)aMion of Ihc financid ststements srtd for bein8 ￿li￿ried th they gTve a ond fair view. ond for such inleThal control as Ihe lrustees detrm)ine is necessary kn enable the prepArntion of finftncial sth*mentsthaiare fret from material m2551atemeDI. whetherduc to fr8ud oFetror. In pwaring the financial ststsmcnts: thc trustees 8re responsib]¢ for a%￿ssing the charitsblt (¥)mpaJ)y's ability ¢0 cominue As a going Jc¢nL disclosin& as applic4bl¢. matters related fy) going eorteern and using the 80in8 concern basis of acLX)unting unless tl trustees either i]￿ettd ro liquid&te tl* Ch￿il*ble comptyy or to cease Or*￿10￿￿ or h8ve no realistic Shem￿7Ve butto (k) 50. Our TtspoTrsibilities for the audit of fhc fin*Hcial ytstcments Our objectives ar¥ to ubiain reasonable assurance about Ivhethet the fjnancigl 51atsrn¢nts a5 8 w￿￿ 4T¢ free from matsrial i5Sts1emenL whethET due to fisud gr error. and to issu¢ a Report of thc Inde￿ndent Auditots that iJKludes our opinH)n. Reasonable assuranee is a high level of assurane¢ is not a guÈtgntee th* ￿ audit wndwt¢d in a￿rd￿ne¢ ISAS IUKI will &lN#ys detret a rnatui&l mi&star¢menl when it ¢X1515. Misslatrments Can arise fro]n fraud or Error and are considered malerial if. indii'idually or in the 4sgr¢g4W. tky ¢oyld rety)thly b¢ ¢X￿￿¢t￿ io Intluen￿ the eco]M)mi¢ decisiolls of users tkn ort the t4si$ 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 fLnE￿i&l stBtern¢nts di5dosures and t¢sting ￿ SUp￿rting th)¢thnentstion to ossess compli4llce with Provisions of Jtlevanl laws and rtgulaiions thai bave a di￿1 effclt un the f￿ancial stat¢m¢nts.' - enqu1￿a ivith ih¢ managemeni *am concernin8 actyjal and tx>tenlial litigation 9t￿ cLqims,' - performed withur¢5 to identify any Un￿al or urrtxpec*d relationships that n]&y indic4t¢ risks of material misstarcmcni du¢ to fra￿1. - we minutfs of ]ll￿1￿g$ ofthose ¢haTg¢dwith govemanc - we obtained an undetstanding of any provision$ and IKld diwi￿10n￿ %vith managernni kn utxlcrstand the bASiS of recognition or n.reeogtiiiion of w wovisionsla&wk' and - Ive add￿￿ed 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￿ ￿U￿tIng estimates arc Indi￿1$v¢ of g poT¢niiil bi&.. and evduating the rational¢ of anj $i8nilic4ni transactions thal ar¢ unusual or outsi(k the ￿[Mat WUTse ofthe business. l)ur audil de%igned to rtsKKmd lo ri8k¥ of ThElerial mi55talement ill the fJn2ncigJ Sknternen￿ recognising that the risk or￿t detectijbg a ]nateriBI Thi&%taternent due to frnud is hIg￿r risk ofnot detecting one tesulting from ermr, as fraud may involve deliberalB conccalrnent by. for examp]e. forgery, rnisrepresentations or thmugh ￿lI￿slon. There are inherent limitations in the gudii PTo¢¢dwe5 p¢rfomxd the f¥rthcr removed fton-¢omplisnc¢ with I&ws and r¢gulatior)5 is fiThn the events tnd Iv3n5Ktion5 rcfleckd in the finBnci&l 5(ztements, the less likety we are to ￿e￿Me awan of IL A further th5cription of our rwnsibilities for the a￿11 ofthe financial stairmEnts is located on the Financial Rewning Council's websit¢ uwwi.frc.org.uk1a￿AitO￿reS[NXfj1bI]Ities. Thi$ untsnts & Ststuiory Audttors J Doughty Street tDndon WCIN 2PH PB8e 4 THF. RAJVIR FOUNDATtON STATEMENTOF FINANCIALACTIVITIFS FOR THE YEAR ENDED 31ST OCTOBER 2023 Peri(Kl 19110QI Yt*y e4ded 31nin3 lo 31110122 Totsl fund5 Unytstrrettd Note5 IliCOME AND ENDoW￿lEYTs FROM Donation5 and legacie5 i$.O(rt) I.283.￿2 Other irtcotne Total 1.283.002 EXPENDITIIRE ON Chiriiablt actSvlties GTllnt5 Paid 12,364 Other 6,593 5,054 Ttstsl 31145 17.418 Nct gaiThi{los*sl on InvcAn￿ntS 52,876 160.0531 NET INCOME 46,787 ,205,531 RECONCILIATION OF FLINDS TDtal fund5 brought fuwvrard 12owJ TOTAL FIIP4DS CARRIED FORWARD 1352J18 1205.531 The TM)tes forn) ￿ of these fJJanaBI siatcmen P￿e5 THE RAJVIR FOUNDATION IJALANCb SllbET 31ST OCTOBER2023 2023 Unrutrltted fund 2022 To111 fun Notes VIX*:D A&SLIE Inve#m¢nts 1,137006 93&143 CURRkiYT A&SETS C&that b8nk 117J12 270.638 CKKDITORS AmtyJI￿ fAJling due W1￿U& oneyegr (2￿) {3.250) NET CURRKNT ASSETS 114.7J2 267.388 TOTAL ASSE'J3 LTr,SS LURKEN'f LIABILI'ri 1352J18 1.205.531 NET Assrrs J351J J8 ,205,531 FIJPIDS Uw¢stricted hnds J,252JJ8 1,205.531 TOTAL V1JNDS 1.252 J18 .205.531 'tThese slatCm¢Dts. hav¢ b¢¢n Prepared in accord8ntt with lh¢ provi$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¢ t￿1¢¥ 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 p￿p￿tIng 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 F*en 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 Co￿ttr￿ At th¢ tiinc of approving the financial stsiemeni$. tr￿￿ee$ h8v¢ a r¢8soNble eX￿￿10n that the ¢I￿￿ty athquATe resources to continuE in owatK)nal exi￿en￿ for the fo￿See&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 entitIen￿Trt 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 attril￿ted to p8rtithJlBr J*ttdings they have been Iwated to &dtvitie5 m a basIs￿nsISteAt with the resources. fjrants offercd subjeel to ¢onditiOrts whKh have not beeTh rn2t &t the yearend date are noted as a commitill2nt t￿t a￿r￿ed as eXt*nditU￿. TAxAtIo The ch8rit)' i% exetDPt froTh cormiontax on its charitable x¢tivilie& Fuhd *tc0U￿t￿￿8 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 ffgtriL*4 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 fO￿l8n cuntn¢ie$ ¥se trdn51ated into sterling 81 the rates of ¢%¢hangc r￿ling ai the bllIan￿ sheet data T]8]]sac1￿)￿s in foTe5gn G￿rr￿¢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$s the value ￿nn0t be ￿￿&s￿red ￿lIablY in iyhith it is rne¥ured al iy)st ks8 impaimicni. lnvtstnx￿t gains and losse& wlkther reajised or unre¥litsYd. are combined atKI p￿s¢nted as'Gwn51lLossesl on invesrmenw in th¢ Ststem¢niof fman¢ial &tiVit￿$. 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 de￿SIts. 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. contin￿d FOR THE YEAR ENDED 31ST ocfoLIER 2023 AccoiINfiNG POLICILS-touthuued Flnantial inslrnments The Charity only h85 fill￿￿181 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 amorti￿d cost using the effethive intejtst method. T JNCOMFJ(EXPENDITIIREI Net incomel(expeThliDJLEI is stated after Chargin￿(c￿dItlns)'. Period 19110121 lo 31110122 Year ended 311j1￿3 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 31*0thb¢T Z022. Tn25t¢es' expenKs ThE]Ewere no trusteeg expense5 Phid fr>r the yearended 31bEr 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 ex￿n￿e5 3,250 MOVEMENT IN FiINDS At 1111122 move]neRt in fvnds At 31110123 I1nr￿TIrtCd fujbds General r￿d I J05J31 41787 1252J18 TOTAL FIINDS 130&531 4A787 1,2S2.318 Net mo￿nent in irKluded in the aknve 8re as follows.. In¢omsng rtsourtts Re￿urceS eX￿nded CJBins and los￿5 Moyement in funds I1￿￿￿tricted fund$ GEnerdJ fund 31,8451 SI￿6 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 C￿eral fund 1.205.531 1205.531 TOTAL FUNDS .205,531 1,205.531 Compardtive net ]MVell￿nt 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 I￿￿rIc￿& 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 P￿k- LYF SRLC Gift Pth- £lJ(X) PB8¢10 THE RAJVIR FOUNDATION DETAILED STA TEMENT OF FINANCIAL A￿1VITIEs FOK IItE YEAR ENDED 31ST ocfoBEK 2023 Period Iwion Y¢8T¢nd¢d 31110Q3 3TIIOQ2 INCOME AND ENDOWMF.WTS DoTr*tlorts Iy¢i tk)nation8 1SIN]O 1283,002 Othtr iTrrome fjiftAid (K¢¢¢iV￿ from HMRQ Jnlercsl Tncome 751 756 Tot*1 incorning ￿0￿re 25,756 1.283.002 EXPENDITI:.RF. Charttsblt a¢tlvitles Grnnts w in￿•tutIOnS 12364 Supportcosts Portfolio man￿eMentr¢¢$ 3813 1,804 GovtrniD¢e costs Auditors. rernunerwion 3.180 3.250 Totsl Tesou]res ¢xp¢nded 31145 Net lexpenditu￿￿In¢ome btfore gBiL$ und 1059eS 1fj,08YI 1,265.584 Unttallied gkins1105ses fa ithv Utlrealised gain￿￿OSS&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