PEPORT OFTHE TRUSTEES AND UNAUDITED FfMANCIAL ¥fATEMENTS FOR THE YEARENDED31STDECEMBE112Q24 FOR sNfrKB JOSHJ SAMASTA BARDAIWJDOWS TRUST Charity Commission ReceNved PSJ A]¢xander & Co l D(kuO1ry Str LondD WCIN2PH
sKrr KB JOSHI SAMASTA BARDAI WIDOWS TRusr FOR THEYEIR ENDED 31STDECEMBER20J ReportoftheTrnsttts ddentolt8 Report Statcjllenrof FinBllciaJ Activities Balattesbeet Notes to IlFinanCial SlatemL% 8 to 12
SMTKB JOSHI SAMASTA BARDAI WItM)WS TRUST WORT OF THE TRUSTEES FOR THE YEARENDED JIST DECENIBEk2024 The tnisiecs pt thrir rrport with th¢ fu)an¢iaI statcmrnts of Karnalabcrt Bbaha1kn Joshi SatnASta B8sdai Widows TnL%t (also known Is smr KB Jos]Li SBJn85ts BRtthi Widows TtU8t) forthe year ended 31st December 2024. Th¢ trust¢ES have ad(yed the piovision5 of Ac£ountinB and R4)oilin8 by thariticg.. Stskmeni of Recommcndd Practicc aFg1i¢able lo charilies prcparing thcir accounts in (LdnCe tyth the Fkti8n¢l RewtDg skn¢J& ippli¢abl¢ in th¢ UK Republic of ]ttiDlld lTr]iS102) (effertsve I January 2019). ObJeelves aDd TEuses oFJ'ectives and wotk are rcgu]ated by a d¢d daT¢d 31st J4nu4ry 1982. The matll aim and acuvity ofthc clwity is to provide contiDud aÈd to widows in JDdi4 by making grdllts ro local chltiCS in thc rcgion. This mojjthly ficl0j sUPPOrt aids by 855i%bn8 th}dOW5 to h¢lp provide for th¢nLseEve5 WÉth ba6iG r¢quir¢mots such as fOD clothitt& sbelteretc. We aim to contittuc this supwL ThThgh past expuience, we h&ve SErll that monetary is thu best way as cactl persoll . dIfferetttreqllEfL Thc5UPPOrt is 8iV¢D Wlthoutprjudi¢e Iv4g¢ ortteed,butwithin avallable fiu We aim to mainraiu ourdffjositswithth¢ F[thInfOrn1onls 8LVtn h¢T¢withrFinallrialkni¢w$tctio Ch#ble atdvldes We ts)ntiLue fo WO with B L J05ki BeDe¥olcttt Fund (Rewstercd iti the UK} also MtE K B J05ht Clwif&bl¢ Fmnds for thc welf? of Samasta Bardai Widow5TtusL alNxl tnLSI in the region. A mu¢h4wt distribmiott of clothitig w&8 fOrmed lowanl th¢ y¢gr cryd in Noveffiber. This tinje together with our relad ckniu£s,we decided kn dtstribuo dothijjg to the¢hilJr¢nof these widowed Lrydies. Additio[ to moR&ary aid. a sm&ll¢r amountwas givrn forbB5iC M¢di¢ aid torwidows at 8matl village hospital. A5 ti trusteES are hcre itt the UK voluJlethE continue to help ell5¢ that thc WOTk and atm Df the ¢barity are rneL Monthly rcquir¢ments forthe widtrwladies at the IrKai ttiJstoK s¢thtous Jwr 8Dd owitig to OV8i12blefimd& money is us Fundr4i5illgactrvities Our ¢liarity uwt do¢5 not tIVelY reqe$l any flltsds from the public. howevci. donaiion5 offered will be gra[eIlY atcepted and us with the ll¢Ktremi¢tsncentBde. FlhaM£lAI posldo We havercntal itsomefrom MIproFTues iathc UKtofai of £5.(M)O permo1)th{I £60,0(M)). Dcp)5its h¢rc itt th¢ UK were reDewed for ater five ywg attd they will pay 5.14fjA and 4.17Yts 8iviJEg a guaTrnteed incotlle of ab)ut£l,7(K) eath This tllakes fo[ £6.700 available forciwitywoTk each month. Jnvestmellt polfcyADd dJJEtdvE5 The t¥UStres have the Fowcr lo invBSL in suEh assets as we see fi( however we contiThu¢ to w¢gerye fidS a battk with a fixed dep051t. spending onlyth¢ illleTtstivhetEbyweknt>wbowmuch there is Sble for distributio Eacb ttiJst¢¢ ¢¢pl5thtt>CY ID the chatity accounts is forthe we of the ebaThty outlined in the corn%tstutiott. Reserve5 poIIcy Ourfund5 aT¢Mth the bankand we spend olltythc illtucst fiM theffi. These aMothittts75,000 illtheu UpDn disposal. Ihc two ptopcrlics couldbriagabout £957,1)00. Totalrttcrves amountto about £1,529,634. We bclicve wc have a good p)li¢y aJ)d PTOtt(U¥e in place. To prcseryc inve5mts iti d IlOtI.Jisk marner such &5 deposit with ¢5thb]ishedbaDks. Page I
SMT KB JOSHT SAMAsfA BARDAT WIi)OWSryRUST BEPORTOF THETRUSTEES FOR THE YE4R ENDtD 31ST DECEMBER 2024 FirruRE PLANS T¥king adffi8¢ ol'the cllent high exchange tate from GBP to INR we lltc cufftnlly thiukitig tr) ttE8in some put of our iDcotlle in ludia ill order io&ncreLse Urkeedep0sjL Such aJJ actsojj covldkning Jlloxrevellu We a150 t for outiinr tsf aDmiai fjmirc plan total list of bencfj¢IlCS from Mrs K B J05hi Cb¥itabk FuJx15 forthe welf8re of S4518B9dR1 WidowsTn Due to ¢hwg lim4 we are geEktDg RVCDlle to contillue the thity work The wrydow5 of the eum( generation llot 50 h¢Jp1¢5s 4$ thDse that enrouraged thgslariingof the ¢harAty's worfK. STRUCIURE GOVERNANCEAT4D MANAGEMENT Governlng do¢ument The cbllrity is tollttDll¢d by itsgovcrniug dwJmenL a d¢¢d of rolst 4ryd ¢on5titut¢5 uDittrorporntyl chtttity. lljc c]wytyis¢ontrolledby its govetwng documeTh4 atru5t de¢d andcotsstitut4s thnillcotywted ¢Ilty. B L JoBhi remains and Eh¢ rol¢ of4n adw60ry peFS(%t. Sittcc the t11ty was &Trblishe4 IE bL%D thc praai¢¢ to pr¢5¢ funds bank a$ 2 fix1 depOl atyd 4nd th¢ iutq¢8r tht>se deposits would edm. L¢&s income mvdns Iw expenastLwY. The lluslees under51and thaL we ¢anJ)ot pmmise a certain aoUnt cachy¢arond sodo llotund¢rtBknfi rcsponsihilty of allthe mettther5 of rheknb&widows tnL%L Every 50 often 8 ¢lothtrJg or h(Atsthold itctns for distributiott tskts plac4 forwhich we Dotificd in advance aad ifth¢ tnLStces ftd WC Should fund such event attd 1$ v/itkn the budgeL a quotstiots of the li that will Et required is s¢ryt to us aDd would be tonssdcrd al thc neyl meelin Jn lÉght of tbe Cbariiy Cornmissions advice in their let. of Awil 2024, we have adde41 a[LOt1 iuje that all CEpnthbuiion5 frorn Ix)th relatcd parti&$ and thc gcncral public bc stcmly tLqdc awarc that onoe a gift kiud has 8ifttdldoDated to the clwyty, Li will be¢om¢p&tof the charity's4ts 8n(twith no restrioion orattachtQ¢ th¢ gi Monitorillg andvwitywBthe erduse ot'clwitable fimds. Motjey is distri1¢& 05 per availabl¢ fulld% aDd by P&St¢[ vou¢b¢rs. Ea¢h rAoMth there are over 700 VOUdKS that completed by thenlaS[llt otthe I{laWidoWS chaTity. For th¢ T¢cordwc attach several copies of voucheJEJwe5enÉedto thcpC6[offi Thc fvll list avwlabk on aCD. Reuuithitgd appoltstshentofhtw trwtrtJ Our Clwities were origillally mt•] fati)i]y monvy alld surh that f1)llY melllbets attend most iryeEbu85 alld to tske part i disclS1o. And so, whetttnjstce wsitioL% willbBavail&bJ¢. we sxpeu the ciwity tohavc wy PTCSrnthiionof an¢wtrust¢e. Notrustee orv0junt¢C1Vc r¢muD¢rnMon OTtvompEllse forthtiTtiwe. Orgni54tiollxI Strucre TheTfi is baseditt theUK. Itha5 vaJIlS relatedcJwirie5 iu Indi For Inany years we havc continued to support the same charilics ill Itla as w¢ art familiar and content with thc sel up thatisthere. No tsu&tees orvoluDtccrs ar¢ taknDgrecomp¢D5¢ forth¢irsWVi R¢kttd PaTlits BDth B L Joshl Bcncvol¢nt Fund (Tegistcred Éll th¢ UK) aDd OUT T sh8rt the sarntr trllstcts asu%. Policies bDth ]alivelysimilar. 1¢ Tndia charily Mts K B Joshi Chariiable FuTth for thc we]fare of Sama8ts Bardai Widows TA1 Ondia). lias bccn csthblishcd by a proviow4generaiion w llldi&sitice thB gev£tltiEs. Two of our tJuse& temaiti involved as dw¢e&8 in IDth"a widows avst a5 th¢y ar¢ familiar with th¢ wwkkng India Sinte ovcr fittyyea The two PTOPCrri¢5 llt 208 md 21? Falifig Rd werE 8ifttd to thi$ ch4rity by its fomier natng t¢¢ B L Josbi and Mrs K B Joshi Itru5re£) with the LJisconc?ivcd idea thar they could sttu AllfluroL% &cisions taken of the prop¢rti¢s aud also ally they h8ve The Clwity Cott)mi%sioDS wlcs and re8uitiallS confi this n¢Jt to be the case, tknt w ats bcloD8 to the cbartry and that the donaiorof the sam¢would losc th¢ircontrol of anydonation Iheyh8ve giv¢n to the ttUSL tn sbort and for the recoT(L we wish to retstrtt the Thvo pfLVUtir6 that wer¥ xifted ro this chariry by our fomitr mwjaging ttIL41ce tu8¢thereare 5fYtrai ronditiW attacWtowhichthctru8tistththl¢to ¢cqK We e se&ADg l¢gal 8dvi¢¢ w thi6m8tt¢r.
SMT K&JOSHI SAMASTA BARDAI WtDOWS TRUST REPORTOFTHE TRU FOR THEY&4RENDED 31STDECChlBER2024 STRucfvR4 GOVERiYANCE ANDMANAGEMEPIT Rlsk mD4gtmeTLt As tsvstf¢5 w¢ under%tsnd our thty loidentify andreview the rslr towhich thc ¢knitywOd be Gxp05ed. Our Yulcs iu tbis field arc Ever shatpcning atrj wc b¢ltevc that awently tht aft 8ppr<yiatr controls in pJacE that provtdc a f¢4sotyablea8sutallcc aga11lfillUd QDd eOr. RtElstered Ch#rfty nomber 284544 prtn¢lpal addre¥5 SYtttKamiobcn BhanvsbaDkcr J05hi SgmastaBardai Widows Tnt 6 Bttemar Avenue. Alpcrwn, Wcmblsy Middle5ex HA04QN Trnstee5 Mrs K B Joshi MrD LJoshi Ms U B Joshi MtsDMTbBth K.B. Josbi, Mr D.L. Josbi, M8 U.B. Joshi M]¥ DM. Ththi hold the fteehold ittvesb)wnt pro11¢5 as OLa¢¢$ ood CU51LK]iaDs of th¢iJJaTity. IndepelldentExgfr Manesh Shah PSIAlex&ter & Co ChaAeredA¢¢ouotaots l Doughty Str¢ct WCIN2PH PUBLICBENEFIT STATKMENT The Trt¢s coufinu that they hRve cotnpbed with thE duty itt sr£tioJJ 4 of the Charities Aot2011 to have du¢ r¢gard D) the chlty Cotrnwssion'$ 8cnera] 8uidance ottpubli¢bgnefii.'Chariiies atsd Public BuJ¢fit'. O.S.:.O..£..gD %.£....... aDd Approvedby ord¢rofth¢boHrdof fn¢5 Utt.. . siglledon its bebalf by. M5UBJthi-T Pw3
INDEPENDENT EXAmER's REPORT T01NE TRUSTEES OF smr KB JOSHI SAMASTA BARDAt [X)ws TRUST [ePendentexn1er's reportto the trllstees ofsrnt KB Joshl Sam¥5ta BardaiWiLfows Trust I report to th¢ cbHrity on niy ttKamiDation orth¢ Axounts of Srnt KB Josbi SamasEU Batdai Wtthxys T{ (the TnL8tI ftrt the ye4r2nded 31st DEcember2024. R)nSIbIlItIeS 2nd IMsi5 of report As the chariry rAe¢S of the Trll%t you arB rewsiblc for thc prewatioti of th¢ atcJ)ts in aCCQTdan£e thE fE4w1cts of the Charii%c5Act2011 Ctb¢Act'). I T¢POrt rryECt ot" my ex¥2nination of tbc TMVB acrowjts ried out widtr Sectiott 145 ofthe Aa aDd in c exatnination I have followed all 8pplicable DiiEctioTrs giv#} by theCh*ity CommissioD un&r S¢ctton 14515Xb) gf the ACL t my Pag¢4
NDEpDErEXAmTNEk's REPORT TO THE TRUSTEFS OF SMT KB JOSHI SAMASTA BARDAt WIDOWS TRUST IDdependetyt txathtt's statement. m&tters of coNrerb Id¢tsdJl¢d rolpIet thy ex11)orL I have identified the foUowitt8 matters of concun. These matters knve raised in pmious rtportittg periods despit¢ prior JJoufi¢ari¢)n5 and I810ry dirccuous they Yetllaill uDrewlve4L Thc C1ty Commissiojj bas 1ca gLTid8nc¢ gnd &D51tllGtion5 ro the TTustctsinrrspt£r of cenain •vJbich doesDDtÉE ro havc beth actedupjr lttvestmtnt Propertles and Fatrvalue E5tlm&don The Charity r¢c¢ived iwo freehold iLVeStsncntprDrtt¢& as a dividend in 5pcci¢, from itswhouy owned sub8idiary. Grcyseal W dtirin<t the yearendcd 31sr Dttcmbtr2020. Grseal Lid h85 5inct then len dissolved Tnvesullents prorrtics are required lo b¥shown thef&Va1eS as attheyeaT4Dd. Howc¥er. illdepa]dentvalUati of the iDvesttttettipropertiCswas DOtp¢rforrlld atyear-Ld ttttd thepropties colltittuc to be valued at £957,OOObgsEd on Bdow-MarkttReot and RelatLMIPty Truns8ction$ The ttvo freehold irtveshncntpropu1ies owned by th¢Cbarity ar¢reMEdto compati1&% with commoll tru¢51 dir¢c¢ors I shaTeholdcrs al an annual rtryl of £12,0(M) pei'wiit md thi$ appEars 10 be below m8rket forsimilar prop¢rti¢s.Th¢ Cbarity Commtssiottbas previously iostrllcied theTnJstees to ettsure that retstis cbargedatnwketrntes alld to cease any prtvatcbcjjcfii. Howcv¢r. th¢te is no cwdctt¢eth&tthe8e tasuuthion8 hav¢ been follow¢(L O¥w%ca%DoDations andLad( of Eiidence The Cjjarity ¢onunuctomykE donations t0vario illstitutiojs inlLdiathvillg th¢ye&r¢nded 315LDecembEr2024. Th¢ Tnwlee have Cw15t fail¢dio provide ioprovide gufficiwtevidence that thts¢ donlltions hav£ beBn ptilk for charifablc pWp in fvTtheFttnce Of thcchamtys 8ims andobjcctives. Ind2quat¢ InsDrdnce CDver The investtnentproperties Èrt.itisured tor£315,000. wher5 ¢bevylue rEPOrtedinthe llcEouttts retttaitL% at £957.000. Thi8 sigtuficBnt shortfaIl in iusuraoce bas pcrsisted ov¢rmultipleye3Ys. alldno aCtiOuapp¢ 10 bay¢ been lo rfftsfy thc?&sue OrreaesS tht Jcvcl of i1 pr(rt¢¢tio J wBf¢mi thatno oihtt malt¢rs have come io my 8ttcnuon thatwv¢ m¢ cguseto believe that in any material respEcL excq)I fot the n7atter of ¢on¢¢rn DQt¢d abov¢ accounttftg rccords were TLOi ke tu r¢St of th¢ Tru4 a5 required by Scets 130 of theAt4 or theaccouuts do ttot¥¢¢ordNryth tboserecord4' th¢ atcounts do not ¢ornply with the applicable requirements concErning th¢ forffl content of accounts set out in the ChJTities IAccouDts amd Rerts) Rcgullltivns 2rrf)8 0th&- tban gjjy Tequi[Th£t that the accortS wye k twe and Ir view which is ]Ha(tereideI 2swtof an ind¢pa)d¢nt I conf]rm that be Trdche¢t e no c41LU nwtiers towhith yow Rtt¢DtiOll sIM)old dt8wn to ble apmyxr UT¥J¢r8ropding of the aCcts to ManEshShÈ PSJA1eX4Ecr & Cip l Dougbiy Stre IVCIN 2PH DaTe'. kl 20£¥ Pa8¢ 5
FOR THEYEARENDED 3 ISTDECEMBER2024 21124 Unwe6td¢ted 2023 Notes Donatiand lega¢ics 35.065 4,795 knvesth]cntin¢ome 77J72 8&453 Tot1 112.23Y 91,248 Rai%tsJg ld5 (IAO) 4054 ChthAble aethlttes 354J80 83.493 {4,652) Totsl 70 84,895 1242033) 6353 RECONCILTATtON OFFUNDS Totsi fid$ brwht foLwaTd I,Tll067 1,765,314 1.529fi34 1.771.667 Pa6
SMT KBJOSHI SAMASTA BARDAI WtDOWSTRUST BALANCE SHEET 3ESTDECEMBER 2024 2024 2023 Tothl IIDrests4cted fwtd Notrs FIXED Assrrs v¥stmrTtts 575.ODD 957.IbilO 819.493 957.000 Tnvth)cmprop¢rty IJ3211 1.776,493 CURREf4T ASSETS Debiors C&sb ai ballk 1380 60 1060 1120 CREDITORS AmountsfaUiDg dFIlth]n ots¢ ye (4J50) (6,946) {¥66) (4.826) I,529,634 1,771.667 NET ASSETS 1.529,634 1,771,667 FUNDS io lJ29.634 1,771.667 152W4 1,771,667 E*3.C)9.20L The finallciat 5tatem¢Dts werc apprnvd by the Board Df Trost¢es aud authcrfi5¢d li)r iwe on........................................... siujed oll its behalf by.. -Tte¢ Tbe notrs fonn partof thes¢fiE2ClaLstteIwttts P&ge 7
SHT KBJOSHT SAMASTA BARDAT WItMJWS TRUST FOR THEYEARENDED 31 DECEMBER 2024 ACCOUffiNGPOLTCIES Bsls of prtp2ringthefmgn¢i•J ststtmeiits Thr ffiL¥nciai sta¢etllents of the c]wity, whi¢h is a pub]i¢ booefit entity ullder FRS L02. have IKctJ prepthred in acroréah¢¢ Yith thc ChaTitic5 SORP IFRS I021'AOUtstIng md R¢pDrting by Chariti. S¢ottent of Recommwd¢d Prn¢ti applic&bl¢ to cbgJiti¢5 pr¢pwing theit accoullts in ac6ordall¢¢ with the Fillallcial Repo8 Stao(lard applicable iu the UK and Republie of Ireland (FRS 102) l¢ffcctive l )Tary 20191,. Fina]Jcial RcwFthg StaDdard 202 Th¢ Fir1]1 Rewtitrg Standd Applitable in thc UK ¥nd REpublic ofireland, and the Cliarilies Ael 2011. The financial stalErnenL4 have been prepared under th¢ histDriL'al cast convc0ti(. llM)dificd by the xvaluation of investment pbptrti&% v/hi¢h are twuirtd to b¢ sbowll at thcirf&trvJluts atea¢h worting dar Thc fLnall¢iaL 5tat¢ni¢rts have bEen PEcpar¢d ott a goittg ¢oncall Lwi%. The hait assrssd the going eoncem ¥isks to the Clwity and bave conEluded that fitsatscial proj¢ctioll& illdi¢atc thRt thc CbaTity will cthtillue lo meet its liabitiries as they fail ¢Ju¢ oNeT the next ttveive tnonths from the datrof apFwval of thes¢ finallci statements. Jneome Ail incorn¢ 15 recogllised itt tb¥ StatetYLent of FinaMciyJ Activllti£s once the thity h&s enritlement to thc hnd4 it is prohble t113Lthe iac4Jtllewill b¢r¢ccivtd andth¢ omowii w be }Ed1%bly. 0thttinvestineDtillco is includ thc StaterlletLi ofFlltsttcialAmities on 8cffltsls 51 Doniti( ill ktlld sucll as pr(w Bud othu Assets 2rt iacluded as incomc ai their rsfillJ&ted market va]uts. donario¥ atrrccogtriscd wh¢nreceived attheirmHtkthv8lue. Expeudlture Iaabilitics arc recognised as ¢wditutc &$ soott as thcr¢ is a kgal or wngErtKtive obligation ¢otTrVntttU th¢ chlty that expEttdttw< ii is probable that a trfer of econ(tsic benefits wtll k required in sddetneDt atLd the amouxt of the obligdtiDn can k mcL8ured rcligbly. EKpenditttrE is accounted for on en ara]S basis and has bten claÉsific(t under lieadijgs that awegate all c05L T21aid 10 CA80ry. Wbcr¢ ¢osts ¢aDQOt be directly Attttbured to partiruiar h¢2din¥ they hav¢ bl allocat¢d ro adivities oll a b&%is cons1sttwth thc use ofrL%QUtcts. Gr&Dts offer¢d subj¢rt to £onditioDs wbi¢h have no¢ LKcll m&4t th¢ yw end date are ttoted a8 a but nor ¢rU¢d 0s¢xp¢ndirllrt. Ihv¢slmtnt proptrty 7vvtst[tlt prowty ts skowl &tmosr Teccnt valtsatiotL Any aSrgare wlus w defi¢it from changes its hir value recog[cd the Siat¥D¢nt of FiRHn¢ialA¢tivitie TayatiD Theeknityis exempt from tLK its ebartuble aeriv£tie¥. Foreign currcuri¢s Assccs Js8biJities iu fot¢igtL CUr¢)eS lThosl&td Into S*rJmg at thetat&s of excbaugc at th¢ ihcct datr. Tran5action5 itt forcisn curreneic5 are translated into Sterling at the rate of exclwig¢ lIng 8r the date of Datt5actioTr. Exch80gE die1)CeS ¥Jetaken tllto accotmt ingFriviug atthe opErdtLllg rtswii. Cash atbknk ADd An Jwd Cagh at bank casb iucludes ijtitthcdiate 2¢cess ld ovcrnight bank depoth. AU otber derlts arc ittclllded term dewsits and fiX¢da85gtinv4wlla. CredttorsalldprovjsMj CIlI0rS and provisions are recOlsed wher¢ the charity has a present obligaticn irsulting from a pas1 cvent that will prob8E4y restrlt in the traosfer of ti]nds to a third Fthy •] th¢ Èmoufft due to sett]e the obligation E¢ Th¢as or f6that¢aTeliably. CTeditws at pwvisions Wer¢1S¢d at theirsetsleEnEDt awou)l. Debto Trade and other debt0 are reco8Thised 3t the 5&tletnettL amount duc after any discowit offere(L Prepayments valu atthcatnoun1prcpd net of 8tVtrade discOts d Page 8 Cohtinued...
SMT KB30SHT SAMASTA BARDAI WIDOWS TRUST NOTES TO THEFINANCIAL STATEMENTS. criiDued FORIHEYE4RENDED 31STDECEMBER2024 ACcOUNTGFOLlc]FS- eontinu¢d Invt51mentsin iubsidiariES VESttryelltiD sthidiari& attre¢ogtiised ar cost Itss #ttyprovisitsrLforitt4JatirtQnt. Inveslmeut Casb held in fLxed tcrnj deprlt ac¢outtts cxcttding one year are cl&%sified as fix as3el irtveslmts e8 tbcy are hdd with the ovillxil int¢rttiOll ofrctsilling lojjg-trrm ¢OLtiDL7j0 bcncfitto thc¢iwiryill thc form of XDwmc and capital appreciatio Jud8emeDts 8nd¢stsJn&tt5 The wep8r8tiory of the fiDaDGial Sr&tHllrs rowir¢s managem¢nr to ro8k¢ judg¥nEn ¢5tima5 8Dd S5WF0ll5 that affe¢t thcawli¢auon of accounting policies 8ndth¢ rcportcd am¢JwJts ofasscts. li•bilitie4 in¢om¢and expcnscs. Th¢ lateS aDd assuml¢)S wed ill th¢ accompanying fwllcid stst¢rnents 8r¢ bwd upott the tteel evaluaiion of the r¢levallt facts snd ctrcutnthces on the date t>f the fillancial stakments. Acthai results may diffcr frtm these ttrimat¢s. E8timst¢5 and und¢rlying 3S9UD]ptions ar¢ r¢vi¢wEd oll ongoing ba5i$. R¢vi$ion5 to a¢Gounting EStimas ar¢ rxogttised i theperiod in which Iheestimalcs miscd and in any fvturc period¥ affcctd. Ellfornvlion about ¢stimion UDcNtsinti¢s tha¢ have o st8aifiwt risk of r¢sultin8 ID & tD3tsri81 adju4tm¢o¢ within th¥ ¢%tfj]wiciaJ ycaraTE." Donat¢d gsscts- donated tsscts gre rccorded 8t fwrvalyes a5E¢rtained by die TTUSt£es or cx[l&l pvfc5sionll1 valucrs & the ti]ne of the donati Vaiuktiott exercise t#u ttivolvE aswtitsns alld ptofe<¥ional judgetnthts ttd srodll thdllges in the andprofessionol judgemctsts tausc large dcviation¥ th thc fr volucsof thcdottal¢d tt$. V4luion of fjrthold invtsttll¢ wopcdics - frcchold iryvtslnjtyjt ProFleS shown at their fair value at bB]artce slwt detc. Tht invcstsn¢ni properti&s are valued by indepcndenl proft55ional valu¢r5 andlor by Trykee5.. Any vajualion exercise will ittvolve d ttUO)ber of atiOnS atMI prof1002] ]ellts attd small ¢hallw in the assumptioLS profe55ioDal judgemuts cajj cae tuge deviatioos in thc fairv8lues of th¢investhJtnrpropthe& INVLSTMEwf INCOME 2024 2023 Rents received ]nte6([celvabJe 61,000 25,453 17J72 77,172 86.453 RAISING FUNDS lTrvtstm¢ntrn•llIgeCntcsts 2024 2023 For¢ign ¢Kchang¢ gains11055¢5 6.054 Th¢ two comm¢rcial vuits IvithxD thc itivcstrocllt prop¢rtics art l¢t to r¢latd companies wJu¢h bav¢ directors attd close f4Tuilym¢a)bErs in Gotxmon, of Who ar¢ also Th¢ME paidto th¢ Charity Isb¢lowllwkd. Trwtee5' ¢ett Thwewerejw tt1tskn5' expensespaid for thEyeaT cnded31stDEcembeT 2024JJorfoT theyear cnded31stfkcember 2023. Pa8¢ 9 ctsnDnu¢d.
SMT KBJOSHI SAMASTA BARDAI [X)w5 TRUST NOTESTO THEFINANCL4L STATEMMS. conrillued FOR THE YBARENDED 31ST DECEMBER2024 VIXKD A&8ET INVESTMENTS Un]iSlNI ittV¢sth]ents At Istldlluyry 2024 Di5pasa15 819393 (244,493) Ai 31slDccembcr2024 57SOIMI NET BOOK VALUE Ar31stDecellJb2T 2024 57S000 At31stDtt¢mber2023 819,493 Th¢ abDVC untisicd ittVC51m¢Dts relatc to fixtddepDsiraccouttts. FAIR VALUE At ErtJa]]llary 2024 and31 Dec£mbeT 2024 957.iMIO NETB(N)KVALIJE At 31stDee¢mber 2024 9570iVI AL3IstDEccmL2o25 957,000 The investmcTrt propeTti¢5 weye valued on an open maTk¢i basis on 8 Febnury 2018 by Dunmn Subvey0 RICS T¢gi5Me41 valuets. The tTLStecs have nged the SWIEVOnS atll Ike£mbor2024. DEBTORS: AMOUNtS FkLLtNG DUEWITHIN ONE I 2024 2023 Othcrdelknrs PpaYments andacriued income 1,28 Pag¢l0 Jnrinued...
SMT KB JOSHI SAMAsfA BARDAT WTtM)WS TRUST FOR THEYEAII ENDED 31STDEMBER2O24 CRKDTTORS: Amouiyfs FALLINGDUE wrrHIN ONE YEAR 2024 2023 OEIKr¢reditors 4a50 SING AGREEMENTS Miuimutu leasepayments reCe£vableutErraI1g1e5fOrtcL9llCY agreements 8Ltas follows.. 21124 2(b21 Wtthirj onc ycgr Btheenottcalldfive yea 24,OC Toral 24(K)Q 2&000 mOvET TNFUNDS Net JnDv¢w¢m in fuzd4 At 31112124 Al inn4 Ullre5tritted fyDds Gelle1 fund 1,771,667 (241933) 1i2,634 1.771.667 (24203J) j29,634 Net roovement io fijllds, Ill¢lUd inth¢ ab)veare as follow rtsourct5 ex in fimds UnvÈstiTcted fuThd5 GwKY&l fiuld tJU37 {354J701 1242,033) TOTALFUNDS 112,237 1354370) 124L0331 Comparatlves formovemeDt Itt fvnds Net At Ill5 31112123 1,765J14 1.771.667 TOTAL FUNDS 1,765,3t4 6J53 1,771,667 Pageil C4)nunue..
SMT Kg JOSHI SAM.4STA BARDAI WtDOWS TRusr NOTES TO THE FfNANCIAL STATEMENfs- cotsiitllL FOR THE YEAR ENDED 31 DECEMBER2024 MOVEMENT IN FUNDS- continued Cojllpardtive nelmovemul in fund4 ujduded itt the abDve8r¢ os follows.. Rc8ources eXnd¢d Mov¢mEnt in fynds Yesourc¢s Unrestii¢ted fonds Gellerai fund 91.248 184,8951 6,353 TOTALFUNDS 91.248 (84*951 6J53 ii. RELATED PAirrY DISCIA)SURES Both commercial wjits within the investment PTOPBrti% ar¢ let to BL Joshi {UK} Ltd and Joslii & Sons (Holding) T., compallies iiith ¢ru%re&dlrertrnShlrrh01drr$ in CO¥Dtnoll at an arniual rwji of £12.0(M) per llnit. Do]Jatiolls of £326,658 were JTJade duringthc yeattocltstitiesillllldja1tb Mrs K.B. Joshi. Mr D.L Joslii, Ms U.B. J05hi and Mrs D.M. Thanki ho]d th¢ two propertieB as cusknvjians bBhalf of ihe Charity. Pagc 12