Charity registration number: 326305 **JALARAM CHARITABLE TRUST TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Jalaram Charitable Trust Contents** ||**Page**| |---|---| |Reference and Administrative Details|1| |Trustees' Report|2—4| |Independent Examiner's Report|5| |Statement of Financial Activities|6| |Comparative Statement of Financial Activities|7| |Statement of Financial Position|8| |Statement of Cash Flows|9| |Notes to the Statement of Cash Flows|10| |Notes to the Financial Statements|11—19| **Jalaram Charitable Trust Reference and Administrative Details For The Year Ended 31 December 2024** |**Trustees**|Mr Ketan Kotecha| |---|---| ||Mr Bhadrasil Trivedi (resigned 25/09/2024)| ||Mr Pramod Thakkar - Chair| ||Ms Prity Raichura (resigned 19/06/2025)| ||Mr Birju Ghelani| ||Mr Jayantibhai Chandarana| |**Charity Number**|326305| |**Principal Address**|65 Narborough Road| ||Leicester| ||Leicestershire| ||LE3 0LE| |**Independent Examiner**|Sandip Kumar| ||Pinnacle Accountants| ||Chartered Certified Accountants & Registered Auditors| ||32 De Montfort Street| ||Leicester| ||Leicestershire| ||LE1 7GD| Page 1 **Jalaram Charitable Trust** **Trustees' Report For The Year Ended 31 December 2024** The trustees present their report and the financial statements for the year ended 31 December 2024. ## **Objectives and Activities** ## **Aims and Objectives** To promote the ethos of the Hindu Saint Shree Jalaram Bapa - To provide food, clothing and shelter for the needy, both in the local community and abroad To help and assist in disaster relief activities worldwide To create inter-faith harmony There has been no change in these objectives during the year. The Trustees also supported Jalaram Baal Vikas, which holds Saturday Gujrati School for Children at the Community Centre and which promotes Cultural and religious education. ## **Public Benefit** The trustees have paid due regard to guidance issued by Charity Commission in deciding what activities the charity should undertake. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. ## **Donations making policy** The Trustees consider making donations to the local and other organisations as they deem worthy. Donations are also made to disaster relief efforts as and when such events occur. ## **Achievements and Performance** ## **Main Achievements** ## **Website: www. jalarambapa.com** A innovative website was commissioned which included history, activities and a virtual panchang, (Hindu Calender), and a pictorial historical Book commemorating 25 year. During the Year 2024 solor power panels were installed at the cost of £22,100. New Roof installed at the Temple at the cost of £38,400. ## Shishukunj - Children Saturday Class Shishu Vikaas have been teaching children 5-12 year old on Hinduism and the Hindu culture. Various aspects from Hindu scriptures are taught. This also includes life skills for children such as sharing, not being greedy, kindness, charity, physical fitness including yoga, arts and crafts as well as experiments. ## Jalaram Balviks The trustees has supported Jalaram ballvivash Gujrati school running at the temple and community centre. ## **Financial Review** Page 2 **Jalaram Charitable Trust Trustees' Report (continued) For The Year Ended 31 December 2024** ## **Financial Position** During the year, the Charity received donations and collections amounting to £155,499 (2023 - £391,492) which, combined with Gift aid, rental income (see below) and grants received, resulted in total income of £244,267 (2023 - £479,363). This has been used to meet expenses amounting to £214,788 (2023 - £293,466). At the end of the year, net movement in funds was 29,479 (2023 - £185,897). During the year, the trustees have not carried out a valuation of investment properties comprising of flats above the community hall. In the trustees' opinion, the market value has not changed significantly during the year. The rental income on these flats during the year was £87,591 (2023 - £87,427). At the year end charity held bank balance of £164,656 (2023 - 164,656). ## **Reserves Policy** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. ## **Donations making policy** ## **Investment polic** y The trustees are empowered to make decisions on short and long term investments that would generate funds for the Trust in order to fund its current and future activities without taking undue financial risks. ## **Risk management** The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The Trustees have appointed an independent company, LionHart Security services Ltd, to carry out risks faced by the trust properties and this company has developed control systems to monitor these risks in order to mitigate any impact that they have have on the Mandal in the future. The company also carries out regular monitoring of all aspects of health and safety issues and make recommendations to the trustees who have empowered the Executive Committee to take immediate action. The Trustees regularly monitor the cash flows and budgets for expenditure to ensure that sufficient headroom is available at all times to meet the Charity's day to day working capital requirements, programmes, and also long term upkeep, maintenance and investment in its properties. The Trustees do not enter into any risky investments or derivatives. All investments and borrowings are scrutinised thoroughly in order to avoid putting the Charity's resources and reputation in jeopardy. ## **Structure, Governance and Management** ## **Governing Document** The charity was established by a Declaration of Trust dated 26 January 1983 as amended on 1 June 2008 with the following objects: - Advancement and propagation of the Hindu religion Advancement of education Page 3 **Jalaram Charitable Trust Trustees' Report (continued) For The Year Ended 31 December 2024** ## **Trustee Selection Methods** The Trust Deed requires a minimum of three and a maximum of seven trustees. The Mandal currently has five trustees and these are considered to have sufficient knowledge and experience to fulfil the charity's requirements. Under the terms of the Trust Deed, the existing trustees appoint new trustees. Potential candidates would be sought from the community, taking into consideration their experience, particularly in the not for profit sector, and specific requirements of the charity at the time. Training is available as appropriate. The trustees' report was approved by the board of trustees and signed on its behalf by: Mr Pramod Thakkar Trustee 13 September 2025 Page 4 ## **Jalaram Charitable Trust Independent Examiner's Report to the Trustees of Jalaram Charitable Trust For The Year Ended 31 December 2024** I report to the trustees on my examination of the accounts of Jalaram Charitable Trust (the Trust) for the year ended 31 December 2024. ## **Responsibilities and Basis of Report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Sandip Kumar 13 September 2025 Pinnacle Accountants Chartered Certified Accountants & Registered Auditors 32 De Montfort Street Leicester Leicestershire LE1 7GD Page 5 ## **Jalaram Charitable Trust Statement of Financial Activities For The Year Ended 31 December 2024** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**6**
Temple activity
Community hall activity
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**15**|**Unrestricted**
**funds**
**£**
155,499
88,768|**Restricted**
**funds**
**£**
-
-|**2024**
**Total**
**funds**
**£**
155,499
88,768|**2023**
**Total**
**funds**
**£**
391,492
87,871| |---|---|---|---|---| ||244,267|-|244,267|479,363| ||(166,154)
(48,634)|-
-|(166,154)
(48,634)|(246,858)
(46,608)| ||(214,788)|-|(214,788)|(293,466)| ||29,479|-|29,479|185,897| ||29,479
1,889,930|-
3,065|29,479
1,892,995|185,897
1,707,098| ||1,919,409|3,065|1,922,474|1,892,995| The notes on pages 10 to 19 form part of these financial statements. Page 6 **Jalaram Charitable Trust Comparative Statement of Financial Activities For The Year Ended 31 December 2024** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**6**
Temple activity
Community hall activity
**NET INCOME**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**15**|**Unrestricted**
**funds**
**£**
391,492
87,871|**Restricted**
**funds**
**£**
-
-|**2023**
**Total**
**funds**
**£**
391,492
87,871| |---|---|---|---| ||479,363|-|479,363| ||(246,858)
(46,608)|-
-|(246,858)
(46,608)| ||(293,466)|-|(293,466)| ||185,897|-|185,897| ||185,897
1,704,033|-
3,065|185,897
1,707,098| ||1,889,930|3,065|1,892,995| The notes on pages 10 to 19 form part of these financial statements. Page 7 ## **Jalaram Charitable Trust Statement of Financial Position As At 31 December 2024** |||||**2024**|**2023**| |---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total funds **|**Total funds**| |||**funds**|**funds**||| ||**Notes**|**£**|**£**|**£**|**£**| |**FIXED ASSETS**|||||| |Tangible Assets|**10**|1,041,768|-|1,041,768|1,028,399| |Investment Properties|**11**|700,000|-|700,000|700,000| |||1,741,768|-|1,741,768|1,728,399| |**CURRENT ASSETS**|||||| |Debtors|**12**|21,040|-|21,040|43,281| |Cash at bank and in hand||161,591|3,065|164,656|139,479| |||182,631|3,065|185,696|182,760| |**Creditors: Amounts Falling Due Within One**
**Year**|**13**|(4,990)|-|(4,990 )|(18,164 )| |**NET CURRENT ASSETS (LIABILITIES)**||177,641|3,065|180,706|164,596| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||1,919,409|3,065|1,922,474|1,892,995| |**NET ASSETS**||1,919,409|3,065|1,922,474|1,892,995| |**FUNDS OF THE CHARITY**|||||| |Restricted Funds||||3,065|3,065| |Unrestricted Funds||||1,919,409|1,889,930| |**TOTAL FUNDS**|**15**|||1,922,474|1,892,995| On behalf of the board Birju Ghelani Mr Pramod Thakkar Mr Birju Ghelani Trustee Trustee 13 September 2025 The notes on pages 10 to 19 form part of these financial statements. Page 8 **Jalaram Charitable Trust Statement of Cash Flows For The Year Ended 31 December 2024** |**Notes**
**Cash flows from operating activities**
Net cash generated from operations
**1**
Interest paid
Net cash (used in)/generated from operating activities
**Cash flows from investing activities**
Purchase of tangible assets
Interest received
Rents received from investment properties
Net cash generated from investing activities
Increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
**2**
Cash and cash equivalents at end of year
**2**|**2024**
**£**
231
(3,322 )
(3,091 )
(60,500 )
1,177
87,591
28,268
25,177
139,479
164,656|**2023**
**£**
125,605
(14,189 )| |---|---|---| |||111,416| |||(1,085 )
444
87,427| |||86,786| |||| |||198,202
-| |||198,202| Page 9 ## **Jalaram Charitable Trust Notes to the Statement of Cash Flows For The Year Ended 31 December 2024** 1. **Reconciliation of income to cash generated from operations** ||**2024**|**2023**| |---|---|---| ||**£**|**£**| |Net income|29,479|185,897| |_Adjustments for:_||| |Interest expense|3,322|14,189| |Interest income|(1,177 )|(444 )| |Income from investments|(87,591)|(87,427)| |Depreciation of tangible assets|47,131|38,507| |_Movements in working capital:_||| |Decrease/(increase) in trade and other debtors|22,241|(43,281 )| |(Decrease)/increase in trade and other creditors|(13,174 )|18,164| |Net cash generated from operations|231|125,605| ## 2. **Cash and cash equivalents** Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet: |Cash at bank and in hand
.
**Analysis of changes in net funds**
**As at 1**
**January**
**2024**
**£**
Cash at bank and in hand
139,479|**2024**
**£**
164,656
**Cash flows**
**£**

25,177|**2023**
**£**
139,479| |---|---|---| |||**As at 31**
**December**
**2024**
**£**
164,656| 3. **Analysis of changes in net funds** Page 10 **Jalaram Charitable Trust Notes to the Financial Statements For The Year Ended 31 December 2024** ## 1. **General Information** Jalaram Charitable Trust is an unincorporated charity registered with the Charity Commission, registered charity number 326305. The principal address is 65 Narborough Road, Leicester, Leicestershire, LE3 0LE. ## 2. **Accounting Policies** ## 2.1. **Basis of Preparation of Financial Statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. ## 2.2. **Going Concern Disclosure** The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charity's ability to continue as a going concern. ## 2.3. **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## 2.4. **Incoming Resources** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Page 11 **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 2.5. **Resources Expended** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. ## 2.6. **Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Freehold 2% on cost Fixtures & Fittings 20% on reducing balance ## 2.7. **Investment Properties** All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the statement of financial activities. ## 2.8. **Leasing and Hire Purchase Contracts** Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of financial activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities as incurred. Page 12 **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 2.9. **Stocks and Work in Progress** Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses. At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities. ## 2.10. **Cash and Cash Equivalents** Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. ## 2.11. **Foreign Currencies** Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus. ## 2.12. **Taxation** The charity is exempt from tax as all its income is charitable and applied for charitable purposes. ## 2.13. **Provisions and Contingencies** ## **Provisions** Provisions are recognised when the charity has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost. ## **Contingencies** Contingent liabilities are not recognised. Contingent liabilities arise as a result of past events when (i) it is not probable that there will be an outflow of resources or that the amount cannot be reliably measured at the reporting date or (ii) when the existence will be confirmed by the occurrence or non-occurrence of uncertain future events not wholly within the charity’s control. Contingent liabilities are disclosed in the financial statements unless the probability of an outflow of resources is remote. ...CONTINUED Page 13 **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 2.13. **Provisions and Contingencies - continued** Contingent assets are not recognised. Contingent assets are disclosed in the financial statements when an inflow of economic benefits is probable. ## 2.14. **Employee Benefits** The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock of fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## 2.15. **Pensions** The charity operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. ## 2.16. **Government Grant** Government grants are recognised in the statement of financial activities in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the statement of financial activities. Grants towards general activities of the entity over a specific period are recognised in the statement of financial activities over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the statement of financial activities over the useful life of the asset concerned. All grants in the statement of financial activities are recognised when all conditions for receipt have been complied with. ## 3. **Income from Donations and Legacies** |Donations and gifts:
Donations and gifts
Gift aid|**2024**
**Unrestricted **
**funds**
**£**
148,992
6,507|**2023**
**Unrestricted**
**funds**
**£**
363,284
28,208| |---|---|---| ||155,499|391,492| ## 4. **Investment Income** Page 14 ## **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** |Bank interest receivable
Rental income from investment property|**2024**
**Unrestricted **
**funds**
**£**
1,177
87,591|**2023**
**Unrestricted**
**funds**
**£**
444
87,427| |---|---|---| ||88,768|87,871| ## 5. **Net Income/(Expenditure)** The net income is stated after charging/(crediting): |Depreciation of tangible fixed assets - owned
.
**Analysis of Expenditure**
Temple activity
Community hall activity
Temple activity
Community hall activity|**Activities**
**undertaken**
**directly**
**£**
111,817
14,399|**2024**
**£**
47,131|**2023**
**£**
38,507| |---|---|---|---| |||**Support**
**costs**
(see note 7 )
**£**
54,337
34,235|**2024**
**Total**
**£**
166,154
48,634| ||126,216|88,572|214,788| ||**Activities**
**undertaken**
**directly**
**£**
177,337
13,184|**Support**
**costs**
(see note 7 )
**£**
69,521
33,424|**2023**
**Total**
**£**
246,858
46,608| ||190,521|102,945|293,466| ## 6. **Analysis of Expenditure** Page 15 **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 7. **Support Costs** |Employee costs:
Employers pensions - defined contributions scheme
Premises expenses:
Property management and service charges
Light and heat
Water rates
Repairs and maintenance
Cleaning
General administration:
Computer software costs
Insurance
Printing, postage and stationery
Telecommunications
Subscriptions
Bookkeeping fees
Interest payable:
Bank charges
Governance costs:
Accountancy fees
Employee costs:
Employers pensions - defined contributions scheme
Staff training
Premises expenses:
Property management and service charges
Light and heat
Water rates
Repairs and maintenance
Cleaning
Security costs
General administration:
Insurance|**Temple**
**activity**
**£**
1,117
-
2,823
2,456
28,053
420
360
10,282
160
1,786
618
1,500
3,322
1,440|**Community**
**hall activity**
**£**
-
11,832
22,403
-
-
-
-
-
-
-
-
-
-
-| |---|---|---| ||54,337|34,235| ||**Temple**
**activity**
**£**
1,283
621
-
12,243
1,336
13,185
690
9,826
11,365|| Page 16 ## **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** |Printing, postage and stationery
Telecommunications
Bookkeeping fees
Interest payable:
Bank charges
Bank loan interest
Governance costs:
Accountancy fees|1,027
1,646
1,500
4,350
9,839
610|-
-
-
-
-
-|1,027
1,646
1,500
4,350
9,839
610| |---|---|---|---| ||69,521|33,424|102,945| ## 8. **Staff Costs** Staff costs were as follows: |Wages and salaries
Other pension costs|**2024**
**£**
73,273
1,117
74,390|**2023**
**£**
76,181
1,283| |---|---|---| |||77,464| No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. ## 9. **Average Number of Employees** Average number of employees during the year was as follows: |Charitable Activities
Other|**2024**
2
3
5|**2023**
2
3| |---|---|---| |||5| ## 10. **Tangible Assets** |0.
**Tangible Assets**||| |---|---|---| |**Cost**
As at 1 January 2024
Additions
As at 31 December 2024|**Land &**
**Property**
**Freehold**
**£**
1,684,759
38,400|**Fixtures &**
**Fittings**
**£**
130,440
22,100| ||1,723,159|152,540| |||| Page 17 **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** |**Depreciation**
As at 1 January 2024
Provided during the period
As at 31 December 2024
**Net Book Value**
As at 31 December 2024
As at 1 January 2024
11.
**Investment Property**
**Fair Value**
As at 1 January 2024 and 31 December 2024
12.
**Debtors**
**Due within one year**
Trade debtors
Other debtors
13.
**Creditors: Amounts Falling Due Within One Year**
Other creditors
Taxation and social security
Accruals and deferred income|675,336
43,295|
|111,464
3,836|786,800
47,131| |---|---|---|---|---| ||718,631||115,300|833,931| ||1,004,528||37,240|1,041,768| ||1,009,423||18,976|1,028,399| ||||**2024**
**£**
-
21,040
21,040
**2024**
**£**
-
327
4,663
4,990|**2024**
**£**
700,000| |||||**2023**
**£**
14,573
28,708| |||||43,281| |||||**2023**
**£**
185
-
17,979| |||||18,164| ## 14. **Pension Commitments** The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,117 (2023: £1,283). At the statement of financial position date contributions of £NIL were due to the fund and are included in creditors. Page 18 ## **Jalaram Charitable Trust Notes to the Financial Statements (continued) For The Year Ended 31 December 2024** ## 15. **Movement in Funds** |**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Educational fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Educational fund
**Total funds**|**As at 1**
**January**
**2024**
**£**
1,889,930
3,065|**Income**
**£**
244,267
-|**Expenditure**
**£**
(214,788)
-|**As at 31**
**December**
**2024**
**£**
1,919,409
3,065| |---|---|---|---|---| ||1,892,995|244,267|(214,788)|1,922,474| ||**As at 1**
**January**
**2023**
**£**
1,704,033
3,065|**Income**
**£**
479,363
-|**Expenditure**
**£**
(293,466)
-|**As at 31**
**December**
**2023**
**£**
1,889,930
3,065| ||1,707,098|479,363|(293,466)|1,892,995| ## 16. **Transactions with Trustees** None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expenses have been incurred. ## 17. **Related Party Disclosures** There have been no related party transactions in the reporting period that require disclosure. Page 19 ## **Issuer** **Issuer** Pinnacle Accountants **Document generated** Tue, 23rd Sep 2025 12:18:47 BST **Document fingerprint** 0711558022477f080ff80450161b873e ## **Parties involved with this document** **Document processed Party + Fingerprint** Tue, 23rd Sep 2025 12:30:01 BST Mr Pramod Shantilal Thakkar - Signer (80fdbd2f80d38e6dfcc789825d59f44c) Wed, 24th Sep 2025 7:15:12 BST Mr Birju Ghelani - Signer (3756882c3b58f445a8032f017ff8096f) **Audit history log Date Action** Tue, 23rd Sep 2025 12:18:47 BST Envelope generated with fingerprint 309590c2fabf40f7c809b11373261ee7 (18.133.63.166) Tue, 23rd Sep 2025 12:18:47 BST Document generated with fingerprint 009a311b369b58c0b594c44ec5c68ce2. (18.133.63.166) Tue, 23rd Sep 2025 12:18:47 BST Document generated with fingerprint 0711558022477f080ff80450161b873e. (18.133.63.166) Tue, 23rd Sep 2025 12:18:47 BST Document generated with fingerprint d3bb03872e1db9d239ce8d904c2b2490. (18.133.63.166) Tue, 23rd Sep 2025 12:18:47 BST Mr Pramod Shantilal Thakkar has been assigned to this envelope. (18.133.63.166) Tue, 23rd Sep 2025 12:18:47 BST Mr Birju Ghelani has been assigned to this envelope. (18.133.63.166) Tue, 23rd Sep 2025 12:18:47 BST Envelope has been set to automatically remind the active signer every 12 hours. (18.133.63.166) Tue, 23rd Sep 2025 12:19:00 BST Tue, 23rd Sep 2025 12:19:00 BST Tue, 23rd Sep 2025 12:19:00 BST Tue, 23rd Sep 2025 12:28:16 BST Tue, 23rd Sep 2025 12:29:05 BST Tue, 23rd Sep 2025 12:30:01 BST Tue, 23rd Sep 2025 12:30:01 BST Tue, 23rd Sep 2025 12:30:01 BST Envelope generated Sent the envelope to Mr Pramod Shantilal Thakkar for signing Document emailed to party email Mr Pramod Shantilal Thakkar viewed the envelope (62.232.194.254) Mr Pramod Shantilal Thakkar viewed the envelope (62.232.194.254) Mr Pramod Shantilal Thakkar signed the envelope (62.232.194.254) Sent the envelope to Mr Birju Ghelani for signing (62.232.194.254) Document emailed to party email Wed, 24th Sep 2025 0:19:02 BST Document emailed to party email Wed, 24th Sep 2025 7:14:26 BST Mr Birju Ghelani viewed the envelope (209.198.129.70) Wed, 24th Sep 2025 7:15:12 BST Mr Birju Ghelani signed the envelope (209.198.129.70) Wed, 24th Sep 2025 7:15:12 BST This envelope has been signed by all parties (209.198.129.70)