Charity regislration number 507899 JAIN SAMAJ EUROPE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
JAIN SAMAJ EUROPE LEGAL AND ADMINISTRATIVE INFORMATION Trust•es Mr8 U Mehta Mr J Kuril Mr V Mehta Mr J Mehta Mr R Mehta Mr V Dagly MrA Shah Mr M Shah Mr P Madhanl Mr M Mehta Mr S Mehta Mr K Shah MrA Shah Mr K Sh8h Mr J Mehts Mr S Shah Mr M Shah Mrs M J M6hta MrUDShah Sonlor manag•mont Mr R Mehta Mr S Shah Mr J Meht8 Cu8todlan Trustee Charlty numb•r 507899 Prlnclpal addrn88 Jaln Centre 32 Oxford Street Lelcester Leicestershire LE15XU Audltor De Monffort Advlsory Llmlted TIA Plnnacle Accountants 32 De Montfort Street Leicester Lelcestorshlr8 Unlted Klngdom LE17GD
JAIN SAMAJ EUROPE CONTENTS Page Trustees report Statement of trustaes re8pon8ibilitleB Independent audltofs rnport Statement of financial activities Balance sh88t Notes to tho financlal statements 10-16
JAIN SAMAJ EUROPE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present Ihelr annual report and financAal ststements for the year ended 31 March 2024. Th8 fln8nclal statements have been prepared in a(xordance with the accounting policies set out in not8 1 to the financial statements and comply the charlvs [governlng documenti, the Charities Act 2011 and 'Accounting and R8POrting by Ch8rltl8s: Slatement of Recommended Practlce appllcable to charltle8 preparing their accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland (FRS 1021" {eff8ctive 1 January 2019). ObJoCtIv•8 and actlvltl88 The advancement of the Jaln rellglon partlcularly but rbot exclusively by the provision of a plac6 for worshlp, study and facilitios for other functlons of a rellglou8 character such as th8 (x818bration of births and marriag8 and the p6rfomianc6 of rltes relatlng lo death8 and the employment and hou81ng of a pr1981. The Chafity has continued to promote Jalnlsm and Ils prlnclples among8t Jalns and nonJaln8. This has been achieved by encouraging vlsltor8 to the Centre. runnlng a Sunday School for chlldren and celebratlng all Jain festlvals, Indudlng Mahavir Jayanti, Dhaja Badli, Ayembel, P8ryushan and Diwali. Pray•rs aro sald at the Cantre trwlce dally and pujas are performed on a regular basi8. Publlc benefft The trustees have paSd due regard to guidance i88ued by the Charity Commi88ion In daciding what activltlas thè charity should undertake. Annual participation in LeiGoster Cty'$ Heritage Week took place In the year. The year saw the culmination of evenl6 to mark the 35th year of the temple's consecration. AGhl•v•m•nts and porfomianco Flnanclal r•vl•w Net Incoming resourc88 for the ye8r before net gains I Ioss88 on invastmants amounted to surplus £187,821 (2023 - £40,775). The unreallsed and reallsed surplus on Investm8nt8 amounted to £72,160 {2023- £49,994 - loss). The net as60ts of the Charlty Increased by £167,821 to £3,881,636 88 at 31 March 2024. A substantlal portlon of the rasarrfes ghown in the balance sheet are represented by assets other than c8$h. The Trustées hav8 ravi8w8d iha Charltys n88d for fr8e reseNe8 and have declded to bulld up sufflclent liquid reserves that can generate enough income to meet 1250h of the annual cost of malntalnlng the temple. Re8eNes pollcy It 18 the policy of the charity that unr881rict8d funds which hav8 not been deslgnated for a speclfic use should be malntalned at a level equivalent to between three and slx month's expendlture. The trustees conslder Ihat r&8eNes al thls18vel will ensure that. in the event of a significant drop in funding, they will be able to continue the charlty's current actlvltles whlle conslderatlon is glven to ways in which additional funds may ba ralsed. Thls18V81 of r888N88 has been malntslned throughout the year. Structurei gov•rnance and management Jaln Samaj Europe is registered with th8 ChaTitie5 Commission and Is govemed in accordance with the term8 of Its constitutlon dated 23 July 1978.
JAIN SAMAJ EUROPE TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 who served durfng the year and up to the dats of signatur8 of the flnanclal statements wer8: Mrs U Mehta Mr J Kurjl Mr V Mehta Mr J Mehta Mr R Mehta Mr V Dagly MrAShah Mr M Shah Mr P Madhanl Mr M Mehta Mr S Mehta Mr K Shah MrA Shah Mr K Shah Mr J Mehts Mr S Shah Mr M Shah Mr8 M J Mahts MrUDShah Recrultment and appntment of trustees The Executiv8 Committ8a maats 0ry two monlh8 to di8CUSS the affairs of the Charlty. Electlons are held every trto years for the Executive Commlttee and TNstee Board. All membérs are invited to stsnd. The companys current pollcy concernlng the payment of trade credltorslg to follow the CBI'8 Prompl Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street. London WC1A 1 DU>. The companys current pollcy concemlng th8 paym8nt af trade creditor5 18 to: 5ettla the tenns of paym8nt with 8uppli8rs whan agreelng the temis of each transaction; ensur8 that suppllers are made aware of the terms of payment by Incluslon of the relevant tarms In contr8cIs' and pay In accordance wlth the company's contractual and other legal obllgatlon8.
JAIN SAMAJ EUROPE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisation81 stnjcture Custodian Trustsas Mr R M8hta Mr S Shah Mr J Mehts Executlve Commlttee Mrs U Mehta - President Mr M Sh8h - VIC8 Pr8sld8nt Mr V Dagly - Gèneral S8crètary Mr J Kurii - DapLrty Secretary Mr JB Mehta - Treasurer Mr S Mehta - Assistanl Treasurer Mr K Shah - Area Chalr-person Mrs M J Mehta Mr P Madhanl Mr M Mehta Mrv Mehts MrA Shah MrAShah Mr K Shah Mr M Shah MrUDShah Th8 tru8t888 report was approvad by th6 Board of Tru8t888. Mr8 U Mehts Trusts• Mr S Shah Tru•te• 4 April 2025
JAIN SAMAJ EUROPE STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees ara responsible ft)r preparlng the Trustees Report and the financial stst8m8nts in accordance with applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practlce). Th818w applicablo to charftleg In England and Wales requires the tW8tees to prepare ftnandal stat8m8nts for 80ch financial year whlch glve a true and fair view of th8 stste of affairs of tho charity and of the incomlng resourGes and applicalion of rosourc88 of th8 charity for that year. In preparing these financlal statéments, the trustees are required to: - Select 8Uttable accountlng policie8 and then appty them conslstently, - observe th& mathc)di and princlplos In the Charitie8 SORP,. - make Judgements and e8tlmates that are ma8onable and prudent,. stale whether applicablé accounting standards have been follwed, subject to any materfal departures dlsclosed and explalned In the financial statements; and prepar8 the financial 8tslements on the going nCern basis unl8ss it 18 inapproprlata to presum8 that the charlty wlll conllnue in operatlon, The truste88 are re8pon81ble for k8eplng sufficlent accountlng record8 that dlsclose with reasonable accuracy at any time the financlal posllion of the charity and enable them to ensur8 th8t the financial statemants comply with the Charltle8 Act 2011. the Charity (Accounts and R8POrts) Regulatlons 2008 and the provl8lon8 of the trust deed. They ere also responslble for 8afeguardSng the &sset8 of the charlty and hence for taklng raasonablé 8tep8 for the preventlon and detectlon of fraud and other irregularities.
JAIN SAMAJ EUROPE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF JAIN SAMAI EUROPE Oplnlon We have audited th8 finan(aal statements of Jain Samaj Europe (the 'charIt) for the year ended 31 March 2024 whlch comprise th8 stst8m8nt of financlal 8ctlvltl8s, th8 balanc sheet and nol8S to tho flnancial slat8m8nts, Including signrficant accounting policies. The financial reporting framework that has been applied in their preparation Is appllcable law and Unlt8d Kingdom Accounting Standards. including Financial R8porting Standard 102 The Flnanclal Reporting Standard applicable in the UK and Republic of Ir61and (United Kingdom Generalty Accepted Accounting PractSc8). In our opinion. the finandal 8tat8ments: give a true and fair view of the state of the chaws affalrs as at 31 March 2024 and of Its incoming resources and applic8lion of resources. for the year than 8nd8d- have been properly prepared In accordance wlth United Kingdom Generally Accepted Accountlng Practlce: and have be8n prepared in accordanca with tha raquiramants of tho Charltles Acl 2011. Bag18 for oplnlon W8 conductad our audlt In accordance wlth International Standards on Auditing (UK) (ISAS (UK}) and appllcable law. Our responslbllltles under those standard8 are further de8crlbed in the Auditors responsitslltles for th& audtt of thg financi81 stat8m8nts sectlon of our report. We are Independent of the charity in accordanc8 wlth the 8thlcal requirements that are rnlevant to our audit of the financlal statements In the UK, inGluding the FRC'S Ethical Stsnd8rd. and we have fulfilled our other ethlc81 responslbllltles In accordance wlth these requirements. We belleve that the audit evidence we have obtained is sufficient and appropriate to provlde a basi8 for our opinion. ConGlu•lon• relatlng to golng conc•rn In audltlng the financlal statements, we have concluded that the Iruste88 use of thè golng concem basls of accountlng In the preparation of the financial 8tatement8 1$ appropriate, Based on the work we have performed, we have rt Identffied any material uncertainties relafjng to events or condition8 that. Indlvldually or colleclively. may cast significant doubt on the charity's ability to contlnue as a going Concern for a period of at least twelve months from when the financlal statements are author18ed for issue. Our responsibilities and the responsibilities of tho trustees with respect to golng concem are deBcribed in the relevant Sectlons of thi8 report. Oth•r Inforniatlon The other inft)rmatron comprise5 the information included in the annual report other than the financial statements and our auditols report thereon. The trustees are respon8ibl8 for the Other infonnation contained withln the annual report. Our oplnlon on the flnanclal ststements does not cover the other information and we do not express any form of assurance conclu8lon thereon. Our re8pon8ibillty 18 to read the other information and, in doing so, conslder whether the olher 5nfomatlon Is materlally Inconslstent wlth the flnan¢ial statements or our knowledge obtalned In the course of th8 8udit. or otherwlse appears to be materlally ml88tsted. If we Identlfy such m8t8rlal Inconslstencles or apparent material misstatements, we are requlred to determlne vthether this gives rise to a material misstatement in th8 financlal st8t8menls th8ms81ves. If. based on th8 work we have performed, we conclud8 that there Is a material misststemfrnt of this other Informatlon, we are required to report that fact. We have nothlng to report in this regard. Mattors on wfvlch we are requlred to report by exceptlon We have nothing to report in respect of th8 following matt8rs In relatlon to whlch the Charitie5 {Ac(x>unts and Reports) Regulations 2008 require us lo report to you if, in our opinlon: the Informatlon glven In the flnanclal statements is inconsist8nt in any material respect wlth the trustees reporL or sufflcient accounting records hav8 not b88n kept., or the financial statements are not in agreement with the accounting records; or we have not received all the informatlon and explanallons we require for our audit.
JAIN SAMAJ EUROPE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JAIN SAMAJ EUROPE R•spon8lbllltles of tru8tae6 As explained more fully In the statement of trusts8s rasponsibilitios. th8 Injstees are responsibl8 for the preparation of th8 financial stat8m8nts and for b8lng satisfied that they give a true and falr vlew, and for Such intemal control as the trustees detemiin& is necessary to enable the preparation of financial statements Ihat are free from materi81 m188tatsment. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assesslng the charlty'8 ability to continue as a golno concem. disclosing. as applicable, Matte related to golng conc8m and uslng the golng concern basis of accountlng unless the trustee3 either intend to cease operatlons, or have no reallsttc alternatlve but to do so. Audltotrs rnsponslbllltlos for tho audtt of tho flnanclal statsments We have been appointed as auditor under sectlon 144 of the Charitie8 Act 2011 and report In accordance with the Act and ro18vant regulation8 made or having effect thereunder. Our obJectlve8 are lo obtaln reasonable a88urance about whether the financial statements 88 a whole are free fram materSal mlsstatement, whether due to fraud or arror, and to issue an auditorfs report that Includes our opinion. Reason8bl8 assuranc818 a hlgh level of asSUf8nce but Is not a guarantee that an audit conducted in accordance wSth ISAS (UK) VAII always detect a material misstatement whan It exlsts. MIs8tatements can aris8 from fraud or error and are con8ider8d mater181 If, individually or in the aggregate, they could reasonably be expected to influenca the economic decisions of usors taken on the ba818 of th8se financial stat8mants. The extent to lch our procedure8 are ¢apabl8 of detecting irr8gularitl88, Includlng fraud, is datsiled below. We Identified areas of laws and regulatlons that could reasonably be expected to hava a materfal effect on tha flnandal gtatemants from our g8n8ral comm8rclal and sector experience, and through discusslon wlth the dlrectors and other management (as requlred by audltlng standard81, and discussed wSth the dlrectors and other rnanagement the policies and procedures regardlng compliance with laws and r8gulatbns We Identlffled the followlng areas as thosa most Ilkaly to have such an effect.. h8alth and saf8ty; General Data Protection Regulation (GDPR)- fraud. bribery and corruptlon, and employment law. Auditing standards limit the required audit procedure8 to identify non-complianca wlth those law8 and r8gulalions to enquiry of the directors and 0th8r management and inspection of regulatory and legal correspondence, rf any. The Idenllfied actual or Suspected non4ompllance was not sufficiently significant to our audlt to result In our r8spon88 bolng Identified as a k8y 8udlt matter. We consldered the legal and regulatory frameworks dlrectly applicable to the financial statements reportlng framework (FRS 102 and the Chorilie5 SORP) and the relevant tax compliance regulations in the UK,. We onsidered the nature of the Indu8try, the control envlronment and bu$lne$s performance. including the key drivers for managemenys remuneration; We communlcated Idenffied laws and regulations throughout our team and remained 818rt to any Indlcation8 Of non*compli8nc8 throughout the audit; We consldered the procedures and controls that the company h8s established to addrass rlsk8 Identified, or that otherwlse prevent. deter and detect fraud,. and how senlor management monltors those controls. Based on this under8tarKllng we designed our audit procedures to Identify rn-COmpliance wlth such laws and regulatlons. Where the rf8k was considered to be hlghar. we perfonned audlt procedures to 8ddress each Identlfied fraud ri8k. These proc8dures Included: testing manual joumals; revlewlng the financial statement disclosures and tsstlng to supportlng documentatlon. perfonning 8nalyiiGal procedures: and enquirlng of management, and wer8 designed to provide rea50n8ble assurance that the financial statements were free from fraud or error. Owing to the Inherent limitations of 8n audlt, there 18 an unavoidable risk thal we may not have detected some material misstatements in the financial statements, even though we have properly planned and perfotrned our audit In accordanc8 wlth auditing stsndards. For 8xample, the further removed non-compllance wlth laws and regulafjons (ifregularities} is from the event5 and transactions refiecled in the fina181 statements, the less likely the inherently limited procedur8s required by audiling standards would identify it. The rtsk is also greater regardlng Irregularltles occurring due to fraud rather than error, as fraud Involves Intentlonal concealment. forgery, collusion, omission or misrepre8entstion. We ar8 nol responsible for preventing non-compllance and cannot be expected to detect nonGompllanGe with all laws and regulatlons.
JAIN SAMAJ EUROPE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF JAIN SAMAJ EUROPE A further description of our responsibilities is 8V8ilable on the Fin8nc181 Reporting Councll's VbSIte at: https:11 www.frc.org.uklaudltor8responsibilities. This description foms part of our auditorfs report. Oth8r matters Your attentlon Is drawn to Ihe fact that the charty has prepared financial statements in accordanca with 'Accountlng and Reporting by Charltl88: Stat8ment of Recommended Practice applicable to charities preparlng thelr a¢Unts In accordance with the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended) in preference to the Accounting and R8POrting by Charities.. Siat8m8nl of R8commended Practice issued on 1 Aprll 2005 whlch Is referred to in tho extant régulations but h8$ now be8n wtthdrawn. Thls has been done In or(ler for the financial 8tst8rn8nts to provid8 a true 8nd falr vlew In accA)rdance wtth current Generally Accepted Accountlng Praclice. Uso of our roPQrt This report is mada sololy to the companys mambors, as a body, in accordance with section 391 of the Companles Act 2014. Our audit work has been undertaken so that we mlght stste to the compan18 members those matters we are required to 8tat& to them in an auditorfs report and for no other purposa. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the compan8 members 88 a body. for our audtt work, for th18 report. or for the opinions we have fomi8d. D• Montfort Advlsory Llmltad TIA Plnnacl• Accountants 4 Aprll 2025 Chart•r•d Certlfled Accounatnlb Statutory Audltor 32 D8 Montfort Street Leicester Lelc8Stershlre United Kingdom LE17GD
JAIN SAMAJ EUROPE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlctad Restrlctsd funds funds 2024 2024 Total Unre$trlclod Rostricted funds funds 2023 2023 Total 2024 2023 Notss Income from: Donatlons and legacies Investments 156,098 60,983 151,804 7,623 307,902 68,606 70,555 34,851 182,912 3,967 253,467 38,818 Total Incomo 217,081 159.427 376,508 105,406 186,879 292,285 Expendltura on: Raising fund8 Charftable actlvltles Other expenditure 49,251 62,635 34,103 49,251 196,706 34,890 46,983 59,583 15,222 46,983 139,204 15,329 134,071 787 79,621 107 10 Tot81 oxpenditure 134,858 145,989 280,847 79,728 121,788 201,516 Net galn81(108ses) on Investments 11 72,160 72,160 (49,994) (49,9941 Not Incom6 154,383 13,438 167,821 (24,316) 65,091 40,775 Transfers between funds 16,172 (16,172) 1,890 (1,890) Not mov•m•nt In fund• 170,555 (2,734) 167,821 {22,426) 63,201 40,775 Reconclllatlon of furKI$: Fund balances at 1 April 2023 1.065,472 2,648,343 3,713,815 1,087,898 2.585,142 3,673.040 Fund bal•nc•s at 31 March 2024 1,236.027 2.645,609 3,881,638 1.065,472 2,648,343 3,713,815 The statement of financial activities indudgs all gains and108ses recognlsed In the year. All Incom8 and expendlture derlve from contlnulng actitIes.
JAIN SAMAJ EUROPE BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Nolas Flx•d assèts Tangible assets 13 1.271.747 1,307,779 Current a$¥ots Debtors Inv88tmant8 Cash at bank and In hand 15 16 72,590 1,001,878 1.547,733 31,700 937,340 1,444,552 2,622,201 2,413,592 Cr0dltorJ: amounts falllng du• wlthln on8 ygar 17 {12,312) (7,556) N•t currnnt as80ts 2,609.889 2.406.036 Total ass•ts l•ss current Ilabllltlos 3,881,636 3,713.815 Not a•80ts excludlng p•nsion Ilablllty 3,881,636 3,713.815 The fund8 of th• charfty ReBtriGted income funds Unrestrlcted fund8 2,645.809 1,236,027 2,648,343 1,065,472 3,881,636 3,713,815 The financlal Stsiements were approved by the trustees on 4 Aprfl 2025 Mrs U Mehta Trusts• Mr S Shah Trusts•
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng poll¢lo5 Charlty Informatlon Jain Samal Europe Is reglstered wlth tho Charlties Commission and is govemed in accordanoe with the tems of Its constltutlon dated 23 July 1978. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Gharity's goveming dooJm8nt, th• Ch8rltles Act 2011, FRS 102 Yhe Flnancl81 Reportlng St8nd8rd applicable in the UK 8nd Republic of Irel8nd° ("FRS 102") and the Charltles SORP 'Accounllng and Reportlng by Charltles: Statement of Recommended Practlc8 appllcable to charttl8s pr8parlng thelr accounts In accordance wllh the Financlal Reporting Standard appllcable In th6 UK and Republlc of Irgland (FRS 102)" {offectlve 1 January 2019). The charfty Is a Publlc Benefit Enlity as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flow8. The financlal statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent requlred to provlde a Irue and falr vlew. Thi8 departure ha8 Involved following the Statement of Recommended Practlce for charitles applying FRS 102 rather than the version of the Ststement of Recommended Practlce which is referred to In the Regulatlons but whlch has slnce been wlthdrawn. The flnanclal ststements are prepared In st8rllng, whlch Is the functlonal currency of the charlty. Monetary amounts in thasa fin8nclal statoments aro roundod to the nearest £. The flnanclal statements have been prepared under the hlstorlcal cost conventlon. The prlnclpal accounting polici8s adopted are 86t out below. 1.2 Golng ¢onc8rn At the time of approving the finanGial 8tatements, the tru6tee5 have a reasonable expectatlon that the charlty has adequate resource8 tQ CA)ntlnue in operational existence for the foreseeable future. Thus the trustees conllnue to adopt the going concem ba818 of accounting in preparing the financial statements. 1.3 Charltabla funds Unrestricted funds are available for u88 at th8 di8cretion of the trustees in furtherance of their ch8rit8bl8 objecfjves. Restricted funds are subjed to specific conditions by dorr$ or grantors as to how they may usod. Tha purposes and uses of the restricted funds are set out in th8 notes to the financial statements. Endowmant furKls are subjèct to spaclfic condltlons by donors that the capttal must be maintained by the charity. 1.4 Incomo Inct)me is recognised when Ihe charily is leg811y entitled to il after any performance conditions have been met, the amounts can measurad rèliably, 8nd it is probablo that income wlll b& recelvad. Cash donatlons are recognlsed on recelpt. Other donations are recognised once the chority has been notified of th8 donation. unless p8rft)M7an conditions require deferral of the amount. Income tax recoverable in relation to donatlons recelved under Gift Ald or deeds of covenant is recognised at the time of the donation. Leg8cles are recognlsed on re¢elpt or othernvlse rf the charity has been notified of an impending distribution, th8 amount is known, and Teceipl 18 expected. If the amount 18 not known. the legacy is treatsd a$ a contingent assel. 10-
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos (Contlnu•d) 1.5 Exp•ndlture Expendlture ts recogniséd onc8 there Is a legal or constructive oblig8tlon to transfer economic benefit to a thlrd paty, it 18 probable that a transfer of economic benefits will b8 wuirad in sottlemenl. and the amount of the obllgalion can be m8asur8d r81iably. Exp8nditur8 is classrfied by activity. The rAJsts of each aclivity are made up of the total of direct costs and Shared Gosts, includlng support costs Invofved in undartaklng each actlvlty. Dlrect costs 8ttribut8ble to a slngle activity are allocated directly to that activity. Shared costs which contrlbute lo more than one actlvlty and 8UPPOrt costs which ara not attrfbutabla to a single activity ar8 apportloned b8tW8en those activiti8s on a ba813 consistent wth the use of resources. Central staff costs aro allocated on the basis of timo snt. and depreclatlon Charges ar8 allocated on th8 Portlon of the asset's Use. 1.6 Tanglbl• fix•d as$•ts Tanglble fixed assets are initially measured at cost and subsequenty measured at cost or valuation, net of depreGlatlon and any Impalrment1066es. Depreciation is reGognised so as to wrlte off the cost or valuation of assets lass thelr residual valuos over thelr useful Ilves on the followlng bases.. Freehold land and bulldlngs Pl8nt and 8qulpment Fixturas and fittings 2Yo on $t 12.5% on redudng balance 12.5% on Mdudng balanco The galn or1088 arising on the disposal of an asset18 detennlned as the diff8r8nca between the 8ale proceeds and ihe GarrylDg value of the asset, and18 recognlsed In the 8tatement of financlal advlfje8. 1.7 Impalrni•nt of flxed a880ts At each reporting 8nd date, the charity r6VieWS the carrylng amounts of its tangible assets to determine whether th8r8 Is any Indlcatlon that those assets have suffered an Impalrment 1055. If any such Indication exists, the recoverable amount of the asset is 8stimat8d In order to detemlne th8 extent of the SmpaiTment 108s (rf any). 1.8 Cash and rA8h equlvalents Cash and cash equivalenls Include Gash in hand, deposits hald at call wlth banks, other short-term liquid Investments with orfgln81 maturltles of three months or less, and bank overdraftg. Bank overdrafts are 8hown within borrowing¥ in currant IlablllUe8. 1.9 Flnanclal In8trumont• The Gharity has elected to apply the provisions of Saction 11 '8aslc Flnanc181 Instwm8nls' and S8Ctlon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financlal Snstruments. Flnanclal Snstruments are recognisad In the charlty3 balance sh881 when th8 charfty becomes paty to the contractual provisions of the instrument. Flnandal assets and liabilities are offset. wlth the net amounts pr888nt8d in tha financial statements, when there Is a legalty enforceable right to set off the recognised amounts and Ihere is an Intentlon to $8tU8 on a net basls or to rea118e tha 888et and s&ttle the liabillty slmultaneously. 11
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl•s (Contlnued) Baslc flnanclal ass8ts Baslc financial assets, vihlch Include debtors and ca8h and bank balances, are initially mea8ured at transaction price includlng transaction cosls and are subsequently catrled at amortised cost using the effectlve Interest method unless the arrangement ¢onstltutes a tlnanclng transaction, where the transactlon 18 measured at the present value of the future receipts dlscount8d at a market rate of interest. Flnanclal assets classifi8d as receivable within one year are not amortised. Baglc Ilnan¢lal Ilabllltles Basic flnandal Ilabllftles, Includlng cr8ditor8 and bank loans are Inltlally recognlsad at transacfjon prlce unles8 the arrangement conslltutes a financing transaction, where the debt Instrum8nt is measured at the present value of th8 future payments discounted at a market rate of Int•r8St. Flnanci81 liabilities cla8slfied as payable wlthln one year are not amortised. Dabt instrument8 are 8ubs8quently carrled al 8mortiBed cost, U8lng the effectfve Interesl rate method. Trade credltors are obllgations to pay for good8 or 88rvlc88 that have been acquired in the ordlnary course of operatlon8 from suppll8rs. Amounts payable are classlfled as current Ilabilitie8 if payment18 due wlthln on& year or less. If not, thay are presented a8 non-current Ilabilities. Trade creditors are recognlsed Inltlally at transactlon prl¢e and subsequently measured al amortlsed cost using the effeGtlve Interest method. Derecognltlon of Ilnanclal Ilabllltl•$ Financlal Ilabllltles are derecogni56d when the charSty'8 contractual obllg8tlon8 expire or are dl8charged or cancelled. 1.10 Employee beneflts Th8 C081 of any unused holiday entitlement18 rocognlsed In tha parlod In which the employee's senilces are recelved. Temiination benefits are recognlsed Immediately as an expense when the charlty Is damonstrably committed to terminaie Ihg employment of an employee or to provide tennlnatlon benaflt8. Income from donatlon8 and lagacl Unre8lrlcted Rostrlctod funds fundo 2024 2024 Total Unrostrlcted R•strfct funds funds 2023 2023 Total 2024 2023 Donations and gifts Membershlp fees 155,280 818 151,804 307,084 818 69,890 665 182,912 252.802 156.098 151.804 307,902 70,555 182,912 253,467 12-
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 InGomé from Invèstmants Unrostrl¢ted Restrlcted funds funds 2024 2024 Total Unmtrlcted Restrlct•d funds funds 2023 2023 Total 2024 2023 Income from listed investments Intorest recelvable 17,050 43,933 1,664 5,959 18,714 49,892 18,293 18,558 1,998 1.969 20,291 18,527 80,983 7,623 68,606 34.851 3,967 38,818 Expendltur• on ralslng fvnds Rgfjtrlcted lund8 2024 Rostrlctod lund8 2023 Fundralslng and publlclty staff costs 13,433 11,165 Trading cos1$ Depreciation and impairm8nt 35,818 35,818 Total costs 49,251 46,983 13-
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expondlturo on charilabla a¢tlvltl88 Support Costs 2024 Support 2023 Dlrnct costs Staff costs Depreciation and Impalnnent Charitable donations Path8hal8 Bholanls818, p8ryush8n and travel 29,346 3.932 35,473 1.862 47,148 21,263 3.962 42,100 1.030 25,124 117,781 93,479 Sharn ol support and gov•rnance cost8 {8•e nots 6) Support 78,945 45,725 196,706 139,204 Analy81• by fund Unreslrlcted fundB Restrlcted funds 134,071 62,635 79,821 59,583 196,706 139,204 Support costs allocatsd to actlvltl•• 2024 2023 Rate8 Insurace Heal and light Telephone Prlnllng, postsge and statlonery Repalrs Computer costs Cleanlng and sundry Governance costs 1,152 2,524 25,445 607 214 35,213 276 1,985 11.529 2,589 7,573 605 876 15,581 337 6,946 11,218 78,945 45,725 Analysod botween: Support costs 78,945 45.725 14
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movemont In funds 2024 2023 The net movement in funds Is stated after charglngl{cr8dltlng): Fees payab18 for the audlt of the charitys financlal statements Dapraclation of owned tangib18 flxed assets 3,000 39.750 2,500 39.780 Trustses None of the trustees (or any p8rsons connactsd with them) received any remuneration or b8neflt8 from the harity dudng the year. Employaos Tha average monthty number of employees durlng tha year wa8: 2024 Numb•r 2023 Numb8r Employment ¢o•ts 2024 2023 Wages and salarie8 42,779 32,428 There were no employees whose annual remuneratlon was mora than £60,000. 10 Olhor oxpondltur• Unr•8trlct•d Rutrlcted fund8 funds 2024 2024 Total Unrn8tr1ct•d Restrlctsd funds funds 2023 2023 Total 2024 2023 Restrlcted 8xpens8s Finandng costs 34,103 34,103 787 15,222 15,222 107 787 107 787 34.103 34.890 107 15,222 15,329 15-
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Galns and losses on investments Unrostrlct•d Unr•strlct•d funds funds 2024 2023 Gainsl(108se8) arising on.. Revaluation of investments Sal8 of invastments 74,757 (2,597) (54,830) 4,836 72.160 {49.994} 12 Taxatlon The charity is exernpt from taxation on its activities because all its incomo is applled for charltable purp08es. 13 Tanglblo flxed a88ets Fr••hold Imd •nd bulkllng• Plant and Flxturni and •qulpmBnl flttlng• Totsl Cost At 1 Aprll 2023 Addltlons 1,790,883 24,241 57,826 1,872,950 3,718 3,718 At 31 March 2024 1,790,883 24,241 61,544 1,876,668 Dapr•¢latlon and Impairniént Al 1 Aprll 2023 Depreclatlon charged In the year 535,080 35,818 30,091 3,932 565,171 39,750 At 31 March 2024 570,898 34,023 604,921 Carrylng amount At 31 March 2024 1,219,985 24,241 27,S21 1.271,747 At 31 March 2023 1,255,803 24,241 27,735 1.307.779 14 Flnanclal In8trument8 2024 2023 Carrying amount of flnanclal a880ts Instrum8nts m8asured at fair value through protlt or Ioss 1.001.878 937.340 15 Dobtorn 2024 2023 Amounts falling due within one year: Other debtors 72,590 31,700 16
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Currnnt a8S•t Inv•stm•nt8 2024 2023 Llsted Investments 937.340 994,319 17 Crndltors: arnounts falllng du• wlthln on• y•ar 2024 2023 Accruals and deferred Incom8 12,312 7,556 18 R•strlct•d fund• The restrtcted funds of Ihe charlty comprlse the unexpended balanca8 of donatlons and grants held on trust Subject to specific condition5 by donors as to how they may be used. At l Aprll 2023 Incomlng Rosourc•g rn$ourc•8 •xponded Transf•r• At 31 March 2024 Donation8 2.648,343 159,427 (145,989) {16,172) 2,645,609 Pr•vlou8 year: Ineornlng R•8ouvc•s ro8ourc•8 oxpondod Trnnsf•rn At 31 March 2023 2022 Donatlons 2,585,142 186,879 (121,788) (1,890) 2,648,343 19 Unrnstrlcted funds The unrestrfct8d funds of the charity comprise the unexpended b818nces of donations arKI grants whlch are not subject to speclflc condltlons by donors and gr8ntor8 as to how they may b8 used. Th8S8 includ8 deslgnated funds whlch have been Set aside out of unrestrfcted funds by the trustee8 for gpecffic purposes. At 1 Aprll 2023 Incomlng Re8ourcos resourcès oxponded Transférs Galn8 and At 31 March losses 2024 General fund8 1,065.472 217,081 (134.858) 16.172 72,160 1,236,027 Prevlous year: At 1 Aprll 2022 Incomlng Resources rnsources oxponded Tran8f•r8 Gains and At 31 March losses 2023 General funds 1,087,898 105,406 (79,728) 1,890 (49,994) 1.065,472 17-
JAIN SAMAJ EUROPE NOTES TO THE FINANCIAL STATEMENTS (CONnNUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Analysls of not a88at8 between funds Unrestrlcted funds 2024 R•strfct•d funds 2024 Total 2024 At 31 March 2024: Tanglble assets Current a6S8ts1(liabilitl68} 27,521 1,208,506 1,244,226 1,401,383 1,271,747 2,609,889 1,236,027 2,645,609 3,881,636 Unrostrlctsd funds 2023 Regtrlct•d funds 2023 Totsl 2023 Al 31 March 2023: Tanglbla 8SS8ts Currnnt 888etsl(Ilabilities) 27,735 1,037,737 1,280,044 1,368,299 1.307,779 2,406,036 1,065,472 2,648.343 3,713,815 21 Relatod party transactlon8 Thera ware no dl8closable related paty tran8actlons durlng the year (2023 . none). 18-