MAHAVIR FOUNDATION IIMrrED EXECUTNE COMMITTEfs ANNUAL RÉPORT Page 4 FOA TIIE YEAR ENDED 31 DECEMBeR 2024 The Exerutfve Commrttee Members (ln￿tee$l habt pkn5ure w•seniiw report •nd the fln•ncl•l staten*nts olthe ch•rlty lor the￿a￿end 31 Decenthr2024. OBJECTTVES ANDAcri¥iriES The malfi oblect(vesofthe char￿•ble(OmparYJr*tr* adv•ncernrfdtheJakn Re￿Trand J•ln Èdutat In un￿ed Kln8dom•ndthrowlKKrt the workl. The c*￿Ct￿$0fthe charlty, a5 defined tr4thecorthrfknn are: The ad¥•n¢ement In the Vnhed Kln8dDm ￿ thE Jaln Rel*kn. partkul•rly. not exclush*ty, by the 151cn ol ihe place of worshlpand 5tu*. hclltt* for ot￿lIu￿￿￿nS¢1 • rell8lous C￿r•cler5￿￿h js a celebratkns d blrths ind marrlaqes •nd the perfOrff0￿ ol Ill¢S ￿￿tIn# to •fid ih ployment and housln8ofwkns • T0•th•n¢••d￿I150fft St￿*￿d texhlrlattd researth IntoJ•h . Th rel*f of p¢Mrty, the athnnument d eduut￿n and wotectkn ol b••th •nd ￿h•r th•rlt•b￿obJtrts•slheCh•￿m3y, fromlhYEt0tl￿. dth. muewRE. GOVERIIAIICEAND k4APiIGEMEpir M•h•vtr Found•ikn) Ltd IMFI IR•4tst•r•d Ch•rty No: 296175 R•ts•red Ctyyyny no 21327281 was Incorpornted on the 19th M•y 1987. Th• Trust Da*d 8ov•rnlD8 th• Ch•rtty fflwl• on th• 19th Jun• 1987 and Jast arn•rthd tyresolutkn pass•d on 26November 2023 The C￿rIty15 •n •fflllated member ol Th• N•tkwl C￿r*I1 01 Vardk As%xlokn IUKI Ire8lstw•d ch•rlty no 1137083land a1501￿¢(11t*dTNthOne-J4fjn The Executfv• Commthe actw r•¥kn the nb•Jty whkh the thartty b•sls •nd belth that malntalnlng reserves * Current levek. ¢¢mblned TMIth •n •nTru•l re4*w of the ¢Mtfols over key financ￿1 systems provld• sulR¢k•nt r*s￿r￿S In the event (4 adverse condltlons. The Execut￿1 Commrttee h3v• •lso wmlned other operatbnal aThl ￿SIn•￿ rbks f•¢ed h th•th•fty•nd that they h•¥e ¢stabllshod 5y5tems tt* nwethe s*thntrlsks. OBJ£cnvESANDAcriiimES The maln oWert￿t5 ofthe ¢harlfat4e company a￿ tr* ath¥JntemeTht djaln Rew and Jalts Edwatton In the Unlted Kln8dom •ndthr0v8h￿i theworld. Publk•ty*fftSt•t•rn•rt . The executfve comrnittee has refeired to the A￿dance cont3lned In the C￿rIty Cornml4knn'$ 8eneral on ihe publ* beneftt when rev*wlng the Charlivs alrns al￿ oblectfves and ID ptsmlns fultsfe •ttlvlt*k The executh* comrnlttee & satlsfled th•t thé Chèrlty ¢ty)Ilnues io m••t ihe r•ty*•d publk benefltt¢5t through its objertlvesand artfvrtles. MAHAVtR FOUNDATION LIMITED EXECUTIVE COMMifTEE'5AN14UAL REPORT Page 5 FOR THEYEAR ENDED 31 DECEMBER 2024 In attthan¢e wlth the objecllves of charlty varl¢w5 ren8h)us *tre held vIr￿al￿ and physkalty dudn8 thls flnlnclal year. There were presentor5 frtyn UK and outslde UK presentlng lectures. Swadhyays. BhavTra-8haktl. Ourfn8 the year Mahavlr Foundatlcffi ￿leI￿ated the 12th ADnOversary of the Pratishtha of Idc4 and also arran8ed Pratlshtha of Swaraswatl Devl a￿1 Mahalaxml Devl Idols at Kenton Road Temple. Durlng the year, underthe leadershlp d Presldent Nlrol Sutsrfa, many new actfvlt*s were started. Momln8 Prakshal of all hjoband Aarii and POO￿ are W eb*ry dtyat the Derasar. 1nd1v1d￿l d•y/perfod •¥•rf on Janma Kalyanak for all Thlrthankars In s￿. Ashts Prakad Ptyla. Bhaktl and Samuh Chatya Vand•n were held at Derasar. Prabhavna was dlstributed occasslons Trust o￿nIsed Chattra and Aso Ayambll 011 aaradhana for every one. It wa5 wdl rect￿ed by Tap*hvl of Ayambll 011. Slddhthakra Poolan •nd Skldhachèl Bha￿atrI was held dudrl the ye•r. Paryushan PaNè IDerawasl and Sthanakwasl Pr*lkwinl and Mahavlr Janm Vanchan were held at Kln8sbury and JFS School A￿d￿Or1￿M. swaM￿atsafya Lunch aThJ Pc¥)lan arrnnged after paryw5￿￿ le51￿1 JN Daya don￿On predLYnlnanlty In UK was made. Pat Darshin was done at Temple MahJ￿r Found•Yon c•rrb•d ojt manya¢iMytsthrW •ffiN•t•S MAHAVIR FOUNDATION UMITED EXECUTIVE COMMifTEE'SANNUAL REPORT Page 6 KIR THE YEAR ENDED 31 OECEMNEA2024 FINANCIAL RÉVIEW FINANCE AND Accourirs The Income and Expendlture Account and Balance Sheet of the Charityfof the year •nded 31 December 2024 are attached. The s*nlficant sources of Income were: {al On-line Intome durin¥ Paryushan and donatlons made&Jrln8other festlvah and pratishth• Ibl Bhandar (dor￿On t*)￿1 and ynernl d￿atIty Icl Giftaid and tsx refund5 from HM R•len￿ arKI c￿tom9 Idl Interest on bank deposlts After the end of Covld-19 pandemi tlust has stsrted all its advltl*s physkalty and urrled on wlth onllne Aan5 and webcasiiryd all e¥ents vlrtualty. fAwlng the year trust weltome devotees frcffi varlous coile5 of UK and abroad. FIIIANCIALCONTROLS The Compan¥l5 Artldes rewlr• th• Ex*cut￿ Commkne• to ul•8uarf the •55ets of th• Charlty. Th• d•tsii•d responslbSlttle5 of the ExÈtuth4e CommRtee In relat1￿ to these accoth)ts are set under'Reswslbllltles of E¥ecutfve comm￿. on po8e8 RESERVES POUCY Bearfn8 In mlnd the alms aThl objects of the Owrlty. the Exeathe CLThilttee ensure that unrethrted fvnds are not Invested In hxtd and lon8.tem assets. whlth would stall the prc*ress of thè actlvltles. The Exeeutive C4*nmlttee together wlth the treasurer re8ularly monltor the sltuatlon frryn tlme to tlme for any un env15aged event and ensure thot there a￿ adtquate free reserves available the general F)urpose of the Ch•rtty, The Ch•rlty does not hold any substantlal funds on bthalfof others. Its Commthe Is empowered to Invest prvdently the Charws surplus cash wlth a vlew to secure maxlmum return. The Executhe Committee takes a very prudent vlew to the In4￿meTht of swplus fvnd8 as these are bein8 fètsined for fvrtherin¢ the oblertlves of the tharoty. Attordlth. funds Mt requlred fty exp•ndRur• In the short tern), are pl•ce on deposlt the Charl￿$ bankers. GOING CONCERN After maknng engul￿*$, the Executfve Commtttee are sat15fied that the Charfty has adequate recourses to contlnue to operate as • 8dn8 concern for th• foreseeable future and have these flnanclal statements on that ba￿$. VOLUNTEERS The Executive Commlttee takes thls opportunlty to thank all tt* volunteers for fhelr Invaluable devoted tlme In helplng to run the affalrs and events of the Iharlty. EMPLOYEES Full time permanent staff IM emplufinent vlsasl ha5 been recrulted. Mr Ketan Gandhl ènd Mukeshbhal Shah has carrled out full dutles ol pvlarl and some of the admlnlstratlve tasks durln8 2024. Temp)iary staff ¢ry4ered the absence of the the maln pUla￿ladMInIStratfjr. MAHAVIR FOUNDATION LIMITED FINANCIAL STATEMENTS Page 7 FOR THE YEAR ENDED 31 DECEMBER 2024 RESPONSIBILMES OF THE EXEcunvE COMMITfEE The Executive Committee are responsible for prepartn8 Ihe Executive Commlttee's Annual Report and the financial statements In accordance with applicable law and United Kingdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Executive Committee to prepa￿ flnanclal ststements for each financial year. which gave a trLFe and fair view of the state of affairs of the charity and of the Incoming resources and appllcatlon of resources, includin8 the Income and expenditure, of the charity for that period. In preparin8 these flnancFal ststements. the Executlve Commtttee a￿ requlfed to: Select sultable accountlng pollcles and then appty them consIstent￿. Observe the methods and principles in the Charities SORP.. Make judgements and estimates that are reasonable and prudent,. State whether appllcable UK Accountln8 Stsndards have been followed, subject to any materSa departures dlsclosed and explalned in the financial ststements; and Prepare the financial statements on 8oln8 concem basls unless it is Inapproprlate to presume that the charity wlll contlnue In operatlon. The Executlve CommlttÈe are respon51ble for keepln8 adequate Kcountlng records that disclose wlth reasonable accuracy at any tlme the financial p051tion of the charity and which enable them to ensure that the financlal statements compty with Companles Act 2006. The Executlve Committee are also responslble for safeguardlng the assets of the charity and hence for tsking reasonable steps for the prevenlion and detectSon of frdud and other Irre8ularMles. In so far as the Executlve Comm5ttee member5 are awa￿,. • there Is no relevant audr( Informatlon of whlch the charws audltors a￿ Ltnaware; and the Executlve Commlttee have tsken all steps that they ought to have to make them5efves aware of any relevant audlt Infomiat5on and to establlsh that the audltors are aware of that Information. AUDITORS ABM Accountancy Ltd were appolnted by the EC as audltots followln8 the re501utbon passed at the Annual General Meetln8. SMALL COMPANY PROVISIONS Thi5 report has been prepared sn accordance wlth the speclal provlslons for small companles under Part 15 ofihe Companles Art 21Th. MAHAWR F(MJNDATION LIMITED INDEPENDENT AUDITOR'S REPOR7ToniE MEMBERSOFMAIIAMR FOUI•JAnty4 LTD FOR IHEYEAR ENDED Il DECEMBER 2024 We ￿¥t auditsd the flMnd•l #•tements d ￿h*ll¢ FourKl•tksn Ltd lty the ye•r endèd 31 Derymber 1024 w8e$ 11 to 19 whlth comptst the Staternent d FIMhcl•l Acd¥ll*s Ilr*NFKotbn8 the and Expenditufe account), the 81￿r￿* Sl*et and related rwJt*k repNtlw that ha5 bten appl*d in thelr preparJtlon Is applItab￿ and FIMr*tsl Rekk¥tlrq *ndord kn Smaller Ent￿<￿5 leflertfft Awll 2c#J81 IUThked Kknfvn Ge￿ral￿*￿ept¢d k£[￿￿1*￿ Praci*e appknbktoSmalknErtit*sl. Thls reptr< ￿ mide s¢)lety w the wnwrv¢s ExeoJth* mÈmber4 •$ • bth. I) ttcwd•ncÈ wth re¢uthtlons made under 5eClk)n 154 of ihe 2011. audlt w￿k Ixen undert•ken SQ th•t we mi¢ht stJte to the wip•n*s EX1￿1￿ Crynmit￿e memb•rs those matters wè I￿ required to state to them In an audlWs r¢port and for rl) rtherpv￿$e. To ￿￿$teAlert permitted ty *.wÈdo Mtxttptorassu resp￿SIbIl￿r to aniY)ne thafi the Char￿able ar41 the chorttablt tomparrf5 Exerud* CthTrmtt membersas a b>Jy, forouraudf( forthls reFrf orfor the r•knh)ns we ha%* Icffi*d. As t￿1•[n•d ffl￿• fvlty In %•tem•nt Lrf r•spthislt4rt*5 dthe Executh* Commèlt•e lset out on 7,1 t EX•cut￿￿ Commltte• Iwho •rt the dlredrff5 of the fw the puw of cthmpany ￿￿) •r¢ $ttyJn￿bIe for pr•p•r•tkifiof the fina￿￿1$1•1*1r*thttofv1l01b￿WsatIs￿edth1l 1fvO¥ea &flIr￿¢w. Th• ExecUt￿t Commltiee h•w *lÈeted for the fin•￿￿11 ststtments to b• •udithd kn K(ord•rK• wth the Ch•rlUes Att 2011 r•t￿r t￿n the Compafiles Aci 20%. Acthrdlr4ty we been aKwlntrd as •udlwr under sectlon 145 01 C￿rIt￿sAct 2011 aThl rek*xt In •¢¢wthnc¢wfth ryulotloTrsm•d•uthl•rse¢ikn 154 of tr* kL (￿r resP)n￿bIlIty Is to audir arvj express an oplnlon oth tr* flMrKl•l sutements th acc(ffthnct wlth ap￿*•ble l•w ènd Inttrnatlonal Standords M Audrtlw IUK •hd Ore￿￿>. stanth￿S requ*e us to comptyT wlth the A￿d￿ne Pra¢tlces Board< IAPB'sl Ethltal 5E•ThJ•rdsf4yAudltors. W• r•wt to Ye￿ oplnlw •s to wP*thr th• s¢•t•nXfits • tnx •nd f•lr •Ad •r• wop•rly •wred In •ccorthnce wmh th¢ CoThwan*s Art 2W6. *nd whettr*f knftymotk>n In th• Execut￿¢ Committee'sAnw•l Rer#irtfjs(005btrrtwiihthelkn•*l)l$t•t•n*r In èddltkn we r•wt to bf, In our Op1r￿ pmper •ttountlry rectyl& il wa ha nrt recew all the InfOrm•t1￿ ar￿ ￿p￿n•t￿n$ wé roqulrt wdl4 or W Infmatbn spe¢lfied ty I reyrd1n1remu￿r*l￿Tr0fthe EXrf￿￿e Committee •NI •thertr•n$•tt￿ ￿ natd*loM We read the Executive Committe¥s Annual Reptyt afvj COr￿lEr tr* Irwkalkns foi our resTht 11 w¥ bewme awareof any apwrent mlsstatements wltNn IL 5copeoF THE AUDITOF FIIIANCIALSTATEMENIS An •udll ol*•lr4ng e¥hl•rKe •bO￿ iho I￿￿￿ts ind dls(k>wres kn th• Ihwthl 5t•t•mtnts wffldlnt to e re•son1b￿ assurarKe thit the Ilnantlll 5tatemeThts are ffft Ifom moterf•l T￿5$t•temerf. wh¢thÈr caustd by fra￿d or errN. Thls Intlyde5 an asse$Sw￿￿t ol.. whether the w)Ilcl*s •r• •pproFwkieto th¢ t￿r[labl* companvs cSr£um5tsnce5 atkl ￿¥¢ been ron$15teni￿ •pp4led aThl adeqvaiety dlsthed.. ￿50th•b￿r*s5 01 S￿lf*•￿t acto¥ntlry est&r￿te5 made ty the Éxe¢utl%* C¢*nmlttee.' •nd the weseDt4tk)rs ol finBrK*I st•tsments. In •dd+t*)n, we read •U fI￿￿la1 aThl l￿-11n&￿1aI Inlormitkn ￿ the EMewIl￿ Commlltee'5 nuJl Aeport th Wenlrfy mJteil•l IncLwl5te￿Ie1 with tlbt •udlled 1kn8KlJl stat•m¢nts. 11 we btcofft• a*•r• of •nyaP￿re￿I WJ conthr Ihe knp1*•l10ry4f¢¥￿ff Mahavir Foundation Ltd Balance Sheet As at 31 December 2024 |FA - land and buil Freehold 555 & 614 Cos
Freehold Property -616
Property 557 Refurbish
Property 557 Refurbish
FA - plant and m
Cost - b/fwd
Cost - additions
Depn - b/fwd
Depn - charge
FA - equipment, fi Cost - b/fwd
Cost - additions
Depn - b/fwd
Depn - charge
Debtors
Prepayments
Sundry- Gift aid receivab
Bank
CAF & Metro Collection
CAF Bank Account 5730
CAF Gold Account- 2
CAF Gold Account-1
Metro Bank - One Jain E
Metro Bank Current a/c
Metro Bank FDR A/C
Petty cash
Suppliers
K D Wholsale Cash & C
Kensington DD refund
Creditors
Net Wages Account
One Jain Event
PAYE and NI
Net assets
Unrestricted Fun
Unrestricted Fund
Restricted Fund
Covid and other Anukam
Gyan and Sutraboli Fun
Jiv Daya ( Restricted Fu
Ladies Wing ( Restricted
Mahavir Mahil Mandal (|1,231,932.16
591,024.83
484,009.73
(484,009.73)
1,822,956.99
10,000.00
1,734.79
(2,500.00)
(2,933.70)
6,301.09
22,040.65
989.90
(15,125.43)
(2,326.48)
5,578.64
7,385.00
149,000.00
156,385.00
3,019.20
52,697.88
231,385.22
611,953.27
35,859.01
115,951.38
83,977.00
500.00
1,135,342.96
(896.67)
(2,591.20)
(1,709.80)
(35,759.01)
(462.60)
1,847,682.61
2,027.00
24,676.30
10,724.78
-
-|2024
2023
£
£
1,231,932.16
591,024.83
484,009.73
(484,009.73)
1,822,956.99
-
10,000.00
-
(2,500.00)
7,500.00
22,040.65
-
(12,921.43)
(2,204.00)
6,915.22
1,834,836.72
1,837,372.21
-
77,756.92
77,756.92
5,260.92
722,933.66
-
-
-
116,787.78
-
500.00
845,482.36
1,291,727.96
923,239.28
-
-
(3,487.87)
-
-
-
389.19
(37,931.41)
389.19
3,085,145.40
2,761,000.68
£
£
1,706,974.72
1,847,682.61
1,706,974.72
2,027.00
10,859.00
8,245.21
14,007.36
1,617.00| |---|---|---| Page 1 of 2 ## Mahavir Foundation Ltd Balance Sheet As at 31 December 2024 |Pathshala (Restricted Fu
Restricted Fund B/F
Profit and loss ac
Net profit
Total funds|14,375.36
885,070.43
300,588.92|2024
2023
11,391.75
696,500.83
936,873.87
744,648.15
309,377.81
300,588.92
309,377.81
3,085,145.40
2,761,000.68| |---|---|---| Page 2 of 2 MAHAVIR FOUNDATION LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAHAVIR FOUNDATION LTD Page 8 FOR THE YEAR ENDED 31 DECEMBER 2024 We have audited the financial statements of Mahavlr Foundatlon Ltd for the year ended 31 December 2024 on pages 11 to 19 which comprise the Statement of Financial Actlvitles (Incorporating the Income and Expendlture account), the Balance Sheet and the related notes. The financlal reportlng framework that has been applied in their preparatlon Is appllcable law and Financial Reporting Standard for Smaller Entities (effertive April 2008) (United Kingdom Generally Accepted Accountlng Practice applicable to Smaller Entities). This report is made solely to the company's Executive Commlttee members, as a body, in accordance with regulations made under section 154 of the Charitles Act 2011. Our audit work has been undertaken so that we might state to the companvs Executlve Committee members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable companvs Executive Committee members as a body, for our audlt work, for this report, or for the oplnlons we have formed. RESPEcfivE RESPONSIBILITIES OF THE EXECUTIVE COMMirrEE AND AUDITORS As explalned more fully in the Statement of responsibilities of the Executive Committee (set out on page 7,) the Executive Commlttee (who are also the directors of the company for the purpose of company law) are responsible for preparation of the financial statements and for being satisfied that they give a true & falr view. The Executive Committee have elected for the flnancial statements to be audited in accordance wlth the Charities Act 2011 rather than the Companles Act 2006. Accordingly we have been appointed as auditor under section 145 of Charitles Act 2011 and report in accordance with regulations made under section 154 of the Art. Our responsibillty Is to audit and express an opinion on the flnancial statements in accordance with applicable law and International Standards on Auditlng (UK and Oreland). Those standards require us to comply wlth the Auditing Practices Boards, (APB'S) Ethlcal Standards for Auditors. We report to you our opinlon as to whether the financial statements give a true and fair view and are properly prepared In accordance with the Companles Act 2006, and whether the information glven in the Executlve Committee's Annual Report is consistent with the flnanclal statements. In additlon we report to you If, In our oplnlon, the company has not kept proper accountlng records, If we have not received all the Information and explanations we requlre for our audlt, or If Informatlon speclfled by law regardlng remuneratlon of the Executlve Committee and other transactlons Is not dlsclosed. We read the Executlve Commlttee's Annual Report and conslder the Impllcatlons for our report if we become aware of any apparent misstatements wlthln It. SCOPE OF THE AUDIT OF FINANCIAL STATEMENTS An audit Involves obtainin8 evidence about the amounts and dlsclosures In the flnanclal statements sufflclent to give reasonable assurance that the flnanclal statements are free from materlal mlsstatement, whether caused by fraud or error. Thls Includes an assessment of: whether the accountln8 policles are approprlate to the charitable companls clrcumstances and have been conslstently applled and adequately dlsclosed; the reasonableness of sl8nlflcant accounting estlmate5 made by the Executlve Commlttee: and the overall presentatlon of the flnanclal statements. In addltlon, we read all the flnanclal and non-flnanclal Informatlon In the Executlve Commlttee's Annual Report to Identlfy materlal Inconslstencles wlth the audlted flnanclal statements. If we become aware of any apparent materlal mlsstatements or Inconslstencles we conslder the Impllcatlons for our report. MAHAVIR FOUNDATION LIMITED INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF MAHAVIR FOUNDATION LTD Page 9 FOR THE YEAR ENDED 31 DECEMBER 2024 OPINION In our opinion: the financial statement give a true and fair view of the state of the charitvs affair as at 31 December 2024, and of its Incoming resources and application of resources including its income and expenditure for the year then ended. the financial statements have been properly prepared in accordance with the United Kingdom Generally Accepted Accounting Practice (applicable to smaller entities); and the financial statements have been properly prepared in accordance with the Companies Act 2006 and the requirements of the Charities Act 2011; Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: the intormation given in the Executive Committee's Annual Report is inconsistent in any material respect with the financial statements; or the charitable company has not kept adequate accounting records; or e financial statements are not in agreement with the accounting records and returns; or e have not received all the information and explanations we require for our audit. Anil Modi For and on behalf of ABM Accountancy• 10 Love Lane Pinner HA5 3EF Date...