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
d￿dent￿o￿l￿t￿8 Report
Statcjllenrof FinBllciaJ Activities
Balattesbeet
Notes to Il￿FinanCial Slatem￿L%
8 to 12

SMTKB JOSHI SAMASTA BARDAI WItM)WS TRUST
WORT OF THE TRUSTEES
FOR THE YEARENDED JIST DECENIBEk2024
The tnisiecs p￿￿￿t thrir rrport with th¢ fu)an¢iaI statcmrnts of Karnalabcrt Bba￿￿ha1kn 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 ￿(L￿d￿nCe *tyth the Fkti8n¢l￿ RewtDg skn¢J￿& ippli¢abl¢ in th¢ UK Republic of ]ttiDlld lTr]iS102) (effertsve I
January 2019).
ObJee*lves 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 ch￿ltiCS in thc rcgion. This mojjthly fi￿cl0j 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 .
dIfferetttreqllEf￿L Thc5UPPOrt is 8iV¢D Wlthoutprjudi¢e Iv4g¢ ortteed,butwithin avallable fiu
We aim to mainraiu ourdffjositswithth¢ F[￿th￿InfOrn￿1onls 8LVtn h¢T¢withrFinallrialkni¢w$tctio
Ch￿￿#ble atdvldes
We ts)ntiLue fo WO￿ with B L J05ki BeDe¥olcttt Fund (Rewstercd iti the UK} ￿ also MtE K B J05ht Clwif&bl¢ Fmnds for thc
welf￿? of Samasta Bardai Widow5TtusL alNxl tnLSI in the region.
A mu¢h4w￿t￿ distribmiott of clothitig w&8 ￿fOrmed lowanl th¢ y¢gr cryd in Noveffiber. This tinje together with our rela*d
ckniu£s,we decided kn dtstribuo dothijjg to the¢hilJr¢nof these widowed Lrydies.
Additio[￿ to moR&ary aid. a sm&ll¢r amountwas givrn forbB5iC M¢di¢￿ aid torwidows at 8matl village hospital.
A5 ti￿ trusteES are hcre itt the UK voluJlethE continue to help ell5￿¢ that thc WOTk and atm Df the ¢barity are rneL Monthly
rcquir¢ments forthe widtrwladies at the IrKai ttiJstoK s¢thtous Jwr 8Dd owitig to OV8i12blefimd& money is us
Fundr4i5illgactrvities
Our ¢liarity uwt do¢5 not ￿tIVelY req￿e$l any flltsds from the public. howevci. donaiion5 offered will be gra[e￿IlY 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 at￿er 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 fi￿dS a battk with a fixed
dep051t. spending onlyth¢ illleTtstivhetEbyweknt>wbowmuch there is Sble for distributio
Eacb ttiJst¢¢ ￿¢¢pl5th￿t￿t>￿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 fi￿M theffi. These aMothittts￿75,000 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 ad￿ffi8¢ ol'the cll￿ent high exchange tate from GBP to INR we lltc cufftnlly thiukitig tr) ttE8in some put of our iDcotlle in
ludia ill order io&ncreLse Ur￿￿ke￿￿e￿dep0sjL 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
S￿￿4518B9￿dR1 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 ¢I￿lty.
B L JoBhi remains and Eh¢ rol¢ of4n adw60ry peFS(%t.
Sittcc the t1￿1ty was &Trblishe4 IE bL%D thc praai¢¢ to pr¢5¢￿ funds bank a$ 2 fix￿1 depO￿l atyd 4*nd th¢ iutq¢8r
tht>se deposits would edm. L¢&s income mvdns Iw expenastLwY. The lluslees under51and thaL we ¢anJ)ot pmmise a certain a￿oUnt
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's4￿ts 8n(twith no restrioion orattacht￿Q¢ th¢ gi
Monitorillg andvwitywBthe erduse ot'clwitable fimds.
Motjey is distri￿1¢& 05 per availabl¢ fulld% aDd by P￿&St¢[ vou¢b¢rs. Ea¢h rAoMth there are over 700 VOUd￿KS that completed
by then￿laS￿[￿llt otthe I￿{laWidoWS chaTity.
For th¢ T¢cordwc attach several copies of voucheJEJwe5enÉedto thcpC6[offi￿ Thc fvll list ￿ avwlabk on aCD.
Reuuithi￿tg￿d appoltstshentofhtw trwtrtJ
Our Clwities were origillally mt•] fati)i]y monvy alld surh that f￿1)llY melllbets attend most iryeEbu85 alld to tske part i
disc￿lS1o￿. And so, whetttnjstce wsitioL% willbBavail&bJ¢. we sxpeu the ciwity tohavc wy PTCSrnthiionof an¢wtrust¢e.
Notrustee orv0junt￿￿¢C1Vc r¢muD¢rnMon OTtvompEllse forthtiTtiwe.
Org*ni54tiollxI Struc￿re
TheTfi￿ is baseditt theUK. Itha5 vaJI￿lS relatedcJwirie5 iu Indi
For Inany years we havc continued to support the same charilics ill It￿la 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 TA￿1 Ondia). lias bccn csthblishcd by a
proviow4generaiion w llldi&sitice thB gev£tltiEs.
Two of our tJus*e& 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 ￿nat￿￿ng ￿￿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 re8ui*tiallS confi￿ this n¢Jt to be the case, tknt w a￿ts 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
t￿u8¢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 m*D4gtmeTLt
As tsvstf¢5 w¢ under%tsnd our thty loidentify andreview the r*slr towhich thc ¢knitywO￿d be Gxp05ed.
Our Yulcs iu tbis field arc Ever shatpcning atrj wc b¢ltevc that awently th￿t aft 8ppr<yiatr controls in pJacE that provtdc a
f¢4sotyablea8sutallcc aga11￿lfillUd QDd e￿Or.
RtElstered Ch#rfty nomber
284544
prtn¢lpal addre¥5
SYtttKamiobcn BhanvsbaDkcr J05hi
SgmastaBardai Widows Tn￿t
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 pro￿11¢5 as ￿O￿La¢¢$ ood
CU51LK]iaDs of th¢iJJaTity.
IndepelldentExg￿f￿*r
Manesh Shah
PSIAlex&t￿er & 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 ch￿lty
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 EXAm￿ER's REPORT T01NE TRUSTEES OF
smr KB JOSHI SAMASTA BARDAt ￿[X)ws TRUST
[￿ePendentex￿n1￿er'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 rA￿e¢S of the Trll%t you arB rewsiblc for thc prewatioti of th¢ atcJ)￿ts in aCCQTdan£e thE fE4w1￿c￿ts 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

￿NDEp￿DE￿rEXAmTNEk's REPORT TO THE TRUSTEFS OF
SMT KB JOSHI SAMASTA BARDAt WIDOWS TRUST
IDdependetyt txathtt's statement. m&tters of coNrerb Id¢tsdJl¢d
rol￿pIet￿ thy ex￿11)￿￿orL
I have identified the foUowitt8 matters of concun. These matters knve raised in pmious rtportittg periods despit¢ prior
JJoufi¢ari¢)n5 and I￿810ry dirccuous they Yetllaill uDrewlve4L Thc C1￿￿ty Commissiojj bas 1￿ca gLTid8nc¢ gnd &D51tllGtion5 ro the
TTustctsinrrspt£r of cenain •vJbich doesDDtÉ￿E* ro havc beth actedupjr
lttvestmtnt Propertles and Fatrvalue E5tlm&don
The Charity r¢c¢ived iwo freehold iLVeStsncntprD￿rtt¢& as a dividend in 5pcci¢, from itswhouy owned sub8idiary.
Grcyseal W dtirin<t the yearendcd 31sr Dttcmbtr2020. Gr￿seal Lid h85 5inct then l*en dissolved Tnvesullents
pror*rtics are required lo b¥shown *the￿f&￿Va1￿eS as attheyeaT4Dd. Howc¥er. illdepa]dentvalUati￿ of the
iDvesttttettipropertiCswas DOtp¢rforrlld atyear-L*d ttttd theprop*ties 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.
In*d2quat¢ InsDrdnce CDver
The investtnentproperties Èrt.itisured tor£315,000. wher￿5 ¢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 Orrea￿esS 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¢S￿t 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 Re￿rts) Rcgullltivns 2rrf)8 0th&- tban gjjy Tequi￿[Th£￿t that the acco￿rtS wye k twe and I￿r view
which is ]Ha(tere￿ide￿I 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 aCc￿￿ts to
ManEshShÈ
PSJA1eX4E￿cr & Cip
l Dougbiy Stre
IVCIN 2PH
DaTe'.
kl
20£¥
Pa8¢ 5

FOR THEYEARENDED 3 ISTDECEMBER2024
21124
Unwe6td¢ted
2023
Notes
Donati￿and lega¢ics
35.065
4,795
knvesth]cntin¢ome
77J72
8&453
Tot*1
112.23Y
91,248
Rai%tsJg l￿d5
(IAO)
4054
Chth*Able aethlttes
354J80
83.493
{4,652)
Totsl
70
84,895
1242033)
6353
RECONCILTATtON OFFUNDS
Totsi fi￿d$ brwht foLwaTd
I,Tll067
1,765,314
1.529fi34
1.771.667
Pa￿6

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
IJ32￿1￿1
1.776,493
CURREf4T ASSETS
Debiors
C&sb ai ballk
1380
60
1060
1120
CREDITORS
AmountsfaUiDg d￿FIlth]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..
-T￿￿te¢
Tbe notrs fonn partof thes¢fi￿￿E2ClaLst￿teIwttts
P&ge 7

SHT KBJOSHT SAMASTA BARDAT WItMJWS TRUST
FOR THEYEARENDED 31￿ DECEMBER 2024
ACCOUffiNGPOLTCIES
B*sls 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'A￿OUtstIng md R¢pDrting by Chariti￿. S¢ott￿ent of Recommwd¢d Prn¢ti￿ applic&bl¢
to cbgJiti¢5 pr¢pwing theit accoullts in ac6ordall¢¢ with the Fillallcial Repo￿8 Stao(lard applicable iu the UK and Republie
of Ireland (FRS 102) l¢ffcctive l )￿Tary 20191,. Fina]Jcial RcwFthg StaDdard 202 Th¢ Fir￿1￿]￿1 Rewtitrg Stand￿d
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¢ ch￿lty ￿ that
expEttdttw< ii is probable that a tr￿fer 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 a￿r￿a]S basis and has bten claÉsific(t under lieadijgs that
awegate all c05L T21aid 10 CA￿80ry. Wbcr¢ ¢osts ¢aDQOt be directly Attttbured to partiruiar h¢2din¥ they hav¢ bl
allocat¢d ro adivities oll a b&%is cons1st￿twth 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[t￿lt prowty ts skowl &tmosr Teccnt valtsatiotL Any aS￿rgare 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 di￿￿e1)CeS ¥Jetaken tllto accotmt ingFriviug atthe opErdtLllg rtswii.
Cash atbknk ADd An Jwd
Cagh at bank casb iucludes ijtitthcdiate 2¢cess l￿d ovcrnight bank depoth. AU otber der￿lts arc ittclllded
term dewsits and fiX¢da85gtinv4wlla￿.
Credttorsalldprovjs￿Mj
CI￿lI0rS and provisions are recO￿lsed 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
atthcatnoun1prcp￿d net of 8tVtrade discO￿ts d
Page 8
Cohtinued...

SMT KB30SHT SAMASTA BARDAI WIDOWS TRUST
NOTES TO THEFINANCIAL STATEMENTS. cr**iiDued
FORIHEYE4RENDED 31STDECEMBER2024
ACcOUNT￿GFOLlc]FS- eontinu¢d
Invt51mentsin iubsidiariES
VESttryelltiD sthidiari& attre¢ogtiised ar cost Itss #ttyprovisitsrLforitt4JatirtQnt.
Inveslmeut
Casb held in fLxed tcrnj depr￿lt ac¢outtts cxcttding one year are cl&%sified as fix￿ as3el irtveslm￿ts e8 tbcy are hdd with
the ovillxil int¢rttiOll ofrctsilling lojjg-trrm ¢OLtiDL7j￿0 bcncfitto thc¢iwiryill thc form of XDwmc and capital appreciatio
Jud8emeDts 8nd¢stsJn&tt5
The wep8r8tiory of the fiDaDGial Sr&tHll￿rs rowir¢s managem¢nr to ro8k¢ judg¥nEn￿ ¢5tima*5 8Dd S5W￿F￿0ll5 that affe¢t
thcawli¢auon of accounting policies 8ndth¢ rcportcd am¢JwJts ofasscts. li•bilitie4 in¢om¢and expcnscs.
Th¢ ￿l￿ateS aDd assum￿l¢)￿S wed ill th¢ accompanying fwllcid stst¢rnents 8r¢ bwd upott the t￿teel 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 EStima*s ar¢ rxogttised i
theperiod in which Iheestimalcs miscd and in any fvturc period¥ affcctd.
Ellfornvlion about ¢stim*ion 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 tt￿d srodll thdllges in the
andprofessionol judgemctsts tausc large dcviation¥ th thc f￿r volucsof thcdottal¢d ￿tt$.
V4lu*ion of fjrthold invtsttll￿¢ wopcdics - frcchold iryvtslnjtyjt ProF￿leS shown at their fair value at bB]artce slwt
detc. Tht invcstsn¢ni properti&s are valued by indepcndenl proft55ional valu¢r5 andlor by Try￿kee5.. Any vajualion exercise
will ittvolve d ttUO)ber of a￿tiOnS atMI prof￿1002] ]￿￿￿ellts attd small ¢hallw in the assumptioLS profe55ioDal
judgemuts cajj ca￿e tuge deviatioos in thc fairv8lues of th¢investhJtnrpropthe&
INVLSTMEwf INCOME
2024
2023
Rents received
]nte￿6([￿celvabJe
61,000
25,453
17J72
77,172
86.453
RAISING FUNDS
lTrvtstm¢ntrn•llIge￿Cntc￿sts
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
AL3IstDEccmL￿2o25
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 SWIEV￿￿￿OnS atll Ike£mbor2024.
DEBTORS: AMOUNtS FkLLtNG DUEWITHIN ONE I
2024
2023
Othcrdelknrs
P￿paYments andacriued income
1,28
Pag¢l0
Jnrinued...

SMT KB JOSHI SAMAsfA BARDAT WTtM)WS TRUST
FOR THEYEAII ENDED 31STDE￿MBER2O24
CRKDTTORS: Amouiyfs FALLINGDUE wrrHIN ONE YEAR
2024
2023
OEIKr¢reditors
4a50
SING AGREEMENTS
Miuimutu leasepayments reCe£vableut￿Er￿￿raI1￿g1e￿5fOrtcL9llCY agreements 8Ltas follows..
21124
2(b21
Wtthirj onc ycgr
Btheenottcalldfive yea
24,OC
Toral
24(K)Q
2&000
mOvE￿￿T TNFUNDS
Net
JnDv¢w¢m
in fuzd4
At
31112124
Al inn4
Ullre5tritted fyDds
Gelle￿1 fund
1,771,667
(241933)
1i2*,634
1.771.667
(24203J)
j￿29,634
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 Ill￿5
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
eX￿nd¢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&dlrertrn￿Shlrrh01drr$ in CO¥Dtnoll at an arniual rwji of £12.0(M) per llnit.
Do]Jatiolls of £326,658 were JTJade duringthc yeattocltstitiesillllldja￿1tb
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