JAIN SAMAJ- MANCHESTER TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity No. 511016 (England and Wales)
JAIN SAMAJ - MANCHESTER TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Association Information Trustees, Report Trustees, Responsibilities Honorary Independent Examiner's Report ststement of Financial Activities Balance Sheet Accounting Conventions and Accounting Policies Notes to the Financial Statements 9-14
JAIN SAMAJ - MANCHESTER ASSOCIATION INFORMATION Community Established 1980 Legal Nature: Unincorporated Association Constitution Adopted 20 September 1980 Constitution Amended September 1997, February 19 and June 2012 23 February 1981 Charity Registered Registered Number 611076 (England and Wales) All served for the entire pericd from 1 January 2024 to the date of this report unless otherwice indicated. Trustee Board as at the date of the Report (a) Executive Committee Mr Hiren Vora (President) Mr Nitesh Shahlvice President) Mr Nehal Mehta{Secretary) Mehul Mehta{Joint Secretary Falguni Mehta (Treasurer) Mrs Jyotsna Patel (Religious Secretary) Piyush G Mehta Manoj Mehta Mrs Saroj Patel (b) Other Trustees Mr Pinal Shah Mr Kiran N Mehta Mr Sailesh Mehta Building Trustees: Nehal Mehta Suresh Mehta Kiran N Mehta Ajay Patel Piyush H Mehta Rajesh Patel Sukan Shah Charity Office Flat 2 8 Carrwood Road Bramhall, Stockport SK7 3GF. Principal Establtshment 669 Stockport Road Longsight, Manchester M12 èQE Bankers A) Bank of India 182 Soho Road, Hand5WOrth Birmingham B219LP Lloyds Bank CAF Bank Pay Pal c} D} Honorary Independent Examiner D. Chothani clo DBF Associates South Cheetham Business Centre 10 Park Place Manchester M4 4EY Page 1
JAIN SAMAJ- MANCHESTEFI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report along with the financial statements of the charity for the year ended 31 December 2024 This report is prepared in accordance with the Association's constitution and the Charitles SORP (FRS 102) - Update Bulletin 2 issued in October 2018. Objects The trust deed defines the charity's objects as being: 1 To promote and advance the Jain Religion. 2 To provlde appropriate facilities for religious worship, to celebrate religious festivals and to organise meetings and lectures. 3 To educate the children of members in the Jain Religion and ther mother tongue. 4 To provide relief for the followers of the Jain Religion who are in necessitous clrcumstances. 6 To promote the benefit of the local communities in Manchester regarding social welfare, recreation and other leisure activities. 6 To promote any charitable purpose throughout the world. Public Benefit The trustees believe that, in providing the various religious events during the year free to all participants, they are fulfilling their public benefit obligations as rec uired under Section 4 of the Charities Act 2011 and the subsequent guidance published by the Cl)arity Commission. Organisatlon The members of the community elect a trustee board at the Annual General Meeting each year. The board consists of fifteen members, as listed on page 1. In tyrn. the board elects an executive committee comprising the honorary officers of the trust and also listed on page 1. The committee as a whole has the responsibility to manage the day-to-day operations of the charity and its activities. It manages the charity collectively lry holding regular meetlngs throughout the year. The committee as a whole manages the risks to which the charity is exposed collectively. Suitable controls and procedures have been implemented to mitigate these risks. The charity's buildings have seven titleholders, comprising the seven individuals named on page 1. None of the so-called building trustees plays any part in the actual management of the charity. Achievements The charity provided weekly religious services in the year, subject to the Government's Covid 19 restrictions. In addition, the various festivals were celebrated with enthusiasm by the community. again subject to the above restrictions. Page 2
JAIN SAMAJ - MANCHESTER REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial Review In respect of the association's unrestricted funds, a surplus of 73,761 was achieved for the year. In respect of the association's restricted funds a surplLS of £198,618 was achieved for the year. Future Plans The trustees anticipate the further development of the structural facillties just as soon as funds permit, in addition to the provision of extra facilities within the existing structure. The trustees are also giving serious consideration to the conversion of the charily from a charitable trust to a charitable incorporated organisation (CIO) now that the statutory powers are available. Reserves Policy The charity's free reserves amount to £73,761. These represent over two years unrestricted expenditure. The trustees, target is to hold sufficient free reserves to be able to cover twelve months unrestricted expenditure in a normal year. Investment Policy All liquid assets of the trust are invested in fixed deposits and risk -free Investments. Trustees. Declaration In accordance with charity law, as trustees, we certify that:_ So far as we are aware, there is no relevant financial information of which the charity's Independent Examiner is unaware. We have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant financial information and to establish that the charity's independent examiner is aware of that information. Independent Examiner Devshi Chothani, Chartered Accountant, was appointed as the Independent examiner of the association during 2008 and he has expressed his willingness to continue in that capacity. Approval of the Report This report has been prepared in accordance with the Charities SORP (FRS 102) -update Bulletin 2 issued in October 2018 and the Charities Act 2011. It was approved by the trustees on 11th May 2025 and is signed on 1heir behalf by:. Hiren Vora (President) and Falguni Mehta (Treasurer). Date: 110512D25 Page 3
JAIN SAMAJ - MANCHESTER YEAR ENDED 31 DECEMBER 2024 Trustees. responsibilities in relatlon to the Financial Statements The law applicable to charitles in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the year end. In preparing those financial statements, the trustees are required: to select suitable accounting policies and then apply them consistently; to make judgements that are reasonable and prudent; to state whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements; and to prepare the financial statements on the on-going Ccincern basis unless it is inappropriate to presume the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charily and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. In respect of the independent examination, the trustees have a resjonslbility to ensure that they take all steps necessary in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. Page 4
INDEPENDENT EXAMINER'S REPORT TO THE MEIIIBERS OF JAIN SAMAJ - MANCHESTER (CHARITY NUMBER $11076 ENGLAND AND WALES) FOR THE YEAR ENDED 31 DECEMBER 20 Independent Examiner's Report to the Trustees on the Financial Statements I, Devshi Chothanl, report on the Financial Statements of the charity for tre year ended 31 December 2024 as set out on pages 6 and 7 together with the notes on pages 8 to 14. Respective responsibilities of the Trustees and the Examiner The charity's trustees are responsible for the preparation of the Financial Statements. charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. It is my responsibllity as the Independent Examiner: to examine the Financial Statements under section 145 of the Charities Act; to follow the procedures laid down in the General Directions gi'ien by the Charity Commission (under section 145{5llb} of the Charities Act); to state whether particular matters have come to my attention. Basis of the Independent Examiner's statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a Comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statents and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and COeqUentIY no opinion is given as to whether the Financial Statements present a "true and fair" view and the report is limited to those matters set out in the statement below. Independent Examinerfs statement In connection with my examination no material matters have come to my attention which gives me cause to believe that, in any material respect, the accounting records were not kept in accordance with section 130 of the Charities Act. or the Financial Statements did not accord with the accounting records,, or the Financial Statements did not comply with the applicable requirements concerning the form and content of Financial Statements set out in the Charitifrs (Accounts and Reports) Regulations 2008, other than any requirement that the Financial Statements give a 'true and fair" view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examinatlon t) which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. DEVSHI CHOTHANI Chartered Accountant Director of DBF Associates Ltd 10 Park Place Manchester M4 4EY Date . Page 5
JAIN SAMAJ- MANCHESTER STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted Funds Funds 2024 Total Incoming Resources from: Notes Charitable Activities 4,360 4,360 Other Sources 99,451 123,728 223,179 Total Incoming Resources 103,811 123,728 227,539 Resources Expended on: Raising Funds Charltable Activities 136,600 338,515 475,115 Total Resources Expended 136,600 338,515 475,115 Exceptlonal Item {Receipt) Net Incoming Resources 132,789) (214,7871 1247,576) Transfer between Funds Net Incoming Resources after Transfer <32,789) (214,787) {247,576) Total funds at 1 January 2024 106,550 2,051,043 2,157,593 Total funds at 31 December 2024 73,761 1,836,256 1,910,017 Page 6
JAIN SAMAJ - MANCHESTER BALANCE SHEET AS AT 31 DECEMBER 2024 Unrestricted Funds Restricted Funds Notes Total FIXED ASSETS Tangible Fixed Assets 1,583,233 1,583,233 CURRENT ASSETS Cash at Bank & In Hand 272,88(, 53,904 326,784 TOTAL ASSETS 272,88(, 1,637,137 1,910,017 LESS: CURRENT LIABILITIES 12 LESS: MEDIUM TERM LIABILITIES Loans NET ASSETS 272,88( 1,637,137 1,910,017 UNRESTRICTED FUNDS General Fund 73,761 73,761 Designated Fund 10,46E 10,468 Total 84,22C 84,229 RESTRICTED FUNDS Building Fund 10 1,782,352 1,782,352 Jiv Daya Fund 10 6,817 6,817 Education Fund (Gyan) 10 1,112 1,112 Arhat Touch Fund 10 5,047 5,047 Dev Dravya 10 28,369 28,369 Sadharmic Funds Food 10 2,091 2,091 Total 1,825,788 1,825,788 Total 84,22G 1,825,788 1,910,017 Approved by the Trustees on 11th May 2025 Hiren Vora (President) and Slgned on thelr 3ehalf Falguni Mehta {Treasurer> Page 7
JAIN SAMAJ - MANCHESTER YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEfw,ENTS 1 Accounting Conventions 1.1 BASIS OF PREPARATION The Financial Statements have been prepared under the historical cost convention and in accordance with the Charities (Accounts and Reports) Regulations 2008, the Charities Act 2011 and the Charitles SORP {FRS 102) - Update Bulletin 2 issued in October 2018. 1.2 GOING CONCERN CONCEPT The Financial Statements have been compiled on the assumption that the charity will be a going- concern for at least twelve months from the date of this report. 1.3 SOFA MINOR MODIFICATION The trustees have opted to modify the SOFA slightly by grouplng all incoming resources. other than those derived from Charitable Activities, under the generic heading 'Other Sources" in order to avoid any potential confusion that could arise from the use of the heading "Donations and Legacies" 2 Accounting Policles 2.1 INCOME a) Voluntary income is received by way of donations and gifts and is included In full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. b} Grants, including any grants for the purchase of fixed assets, are recognlsed in full in the Statement of Financial Activities in the year in which they are receivable. 2.2 EXPENDITURE a) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. b) Resources expended are allocated to the particular activity where the cost relates directly to that activity. cl The trust only incurs governance cost5 in respect of legal costs associated with effither the constitution or the title deeds to the property. 2.3 ASSETS a) Expenditure on fixed assets above £500 is capitalised. Despite all expenditure having been funded entirely from restricted funds, depreciation is charged according lo standard accounting practice on the following basis:. Freehold Land Long Leasehold Land Freehold Building (Hall) Freehold Building (Annexel Building Improvements Furniture & Fittings Sports Equipment Not depreclated 50 year life from January 2018 50 year life from October 2002 50 year life from April 2020 20 year life from execution 10 year life from acquisition 4 year life from acquisition b) Development expenditure is capitalised as and when it is incurred. Depreciation thereon is only charged, however, on the completion of the associated capital project. 2.4 FUNDS a) Unrestricted funds are donations and other incoming resources recelvable or generated for the objects of the Charity without further specified purpose and are ai'ailable as general funds. b) Designated funds are unrestricted funds which have been spe¢ifically earmarked by the executive committee for particular purposes. c} Restricted funds are funds to be used for specific purposes as lald down either by the donor or by the terms of the appeal. Expenditure which meets these criteria is charged to those funds. Page 8
JAIN SAMAJ - MANCHESTER YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS UNRESTRICTED FUNDS General Designated Fund Funds RESTRICTED FUNDS TOTAL 2024 TOTAL Total NOTE 3 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Diwali Cultural Programme 4,360 4,360 4,360 NOTE 4 INCOMING RESOURCES FROM OTHER SOURCES 4.1 From Members: Membership Subscriptions Donations 11,413 11,413 11,413 29,427 1,537 30,964 30,964 GiftAld 13,977 13,977 Total 40,840 1,537 42,377 13,977 56,354 4.2 Fundraising Event {2019) 4.3 Sale of Electricity 2,884 2,884 2,884 4.4. Hall Hire 35,499 35,499 35,499 70,998 4.5 Annexe Hire 16,775 16,775 16,775 33,550 4.6 Miscellaneous Income 1,916 1,916 45,886 47,802 4.7 Bank Interest Received 11,591 11,591 4.8 Covid 191Furlough Grant Rec'd Total 57,074 57,074 109,751 166,825 OVERALL TOTAL 97,914 1.537 99.451 123,728 223,179 NOTE 5 RESOURCES EXPENDED ON RAISING FUNDS Cost of Covld 19 grants applicatlons Rosidual Cost of Staging 2019 Event Page 9
JAIN SAMAJ - MANCHESTER YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS UNRESTRICTED FUNDS General Designated Fund Funds RESTRICTED FUNDS TOTAL 2024 TOTAL Tot NOTE 6 6.1 RESOURCES EXPENDED ON CHARITABLE ACTIVITIES 6.1.1 Direct Charitable Expenditure Prasad Expenses Jiv Daya Donations Mahila Mandal Youth Expenses Arhat Touch Expenses Education (GNANI Sadharmik Fund Dlwali Cultural Programme Other Direct Expenses Total 13,421 -3,421 13,421 19,859 1,996 3,116 656 730 50 13,709 4,145 37,049 94,731 1,996 19,859 1,996 3,116 656 656 730 50 13,709 4,145 9,498 29,716 4,145 9,498 9,716 27,551 65,015 6.1.2 Facilities Support Costs Caretaking and Security Cleaning and Waste Disposal Light & Heat Repairs and Maintenance Rates & Water Insurance 34,237 3,944 37,592 9,498 3,915 5,142 94,328 4.237 3,944 7,592 9.498 3,915 6,142 34,237 3.944 37,592 35,860 3,915 5,142 120,690 26,362 Total 26,362 6.1.3 Administratatlve Support Costs Travel Expenses Telephone, Postage & Stationery Professional Charges Bank Charges General Expenses 4,762 432 4,762 432 4,762 432 3,774 128 7,237 16,333 3,774 128 7,234 12,556 128 7,234 12,556 Total 3,774 6.1.4 Depreciation Freehold Buildings - Hall - Annexe Long Leasehold Land Building Improvements Fixtures and Fittings Total 17,625 18.337 769 2,555 8,872 48,158 17,625 18,337 769 2,555 8,872 48,158
Part year only
6.1 TOTAL 136.600 143,309 279,912 NOTE 6.2 EXCEPTIONAL ITEMS Depreciation on fixed assets ## 195,206 196.685 OVERALL TOTAL
previous years Depreciation
136,600 338,515 475,115 Page 10
JAIN SAfvIAJ- MANCHESTER YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATENIENTS NOTE 7 TRANSFER BETWEEN FUNDS This transfer of £90,717 represents 60°/0 of the income derived from hire of the Hall {£68,663) and 75% from hire of the Annexe,1£22,054) previously agreed to be allocated to the buildlng fund from the general fund. NOTE 8 FIXED ASSETS 8.1 LAND AND BUILDINGS Freehold Long Leas&hold Land Land IAS por Note 8.21 Frggholc Bulldln (Hall) IAnn¥xel Bulldlng Improvements Total Cost At 1 January 2024 190,000 38.440 881,265 916,864 51,092 2,077,661 Additions in year At 31 December 2024 190,000 38,440 881,265 916,864 51,092 2,077,661 Depreciation At 1 January 2024 4,614 374,534 68,764 35,992 483,904 Charge for year 769 17,625 18,337 2,555 39,286 At 31 December 2024 5,383 392,159 87,101 38,547 523,190 Net Book Value 31 December 2024 190,000 33,057 489,106 829,763 12,545 1,554,471 1 January 2024 190,000 33,826 506,731 848,100 15,100 1,593,757 8.2 LONG LEASEHOLD LAND This land is held by the Charity on a lease for 125 years from 2017, at a ground rent payable of £100 p.a. Page 11
JAIN SAMAJ - MANCHESTER YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS NOTE 8 FIXED ASSETS CONTINUED SUMMARY Land & Buildings Total (As per Note 8.1) Furniture & Fittings Sports Equipment Total Cost At 1 January 2024 2,077.661 94,702 1,962 2,174,325 Additions in year 27,551 27,551 At 31 December 2024 2,077,661 122,253 1,962 2,201,876 Depreciation At 1 January 2024 483,904 84,620 1,961 570,485 Charge for year 39,286 8,872 48,158 At 31 December 2024 523,190 93,492 1,961 618,643 Net Book Value 31 December 2024 1,554,471 28,761 1,583,233 1 January 2024 1,593,767 10,082 1,603,840 Page 12
JAIN SAMAJ - MANCHESTER YEAR ENDED 31DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS NOTE 9 MOVEMENT IN UNRESTRICTED FUNDS Funds Blfwd Incoming Total 0110112024 Resources Resources Transfer to Restricted Fund Funds Clfvid 3111212024 Resources Expended Designated Funds: Mahila Mandal 11,073 2,511 13,584 3,116 10,468 General Fund 106,550 103,811 210,361 136,600 73,761 Total 117,623 106,322 223,945 139,716 84,229 NOTE 10 MOVEMENT IN RESTRICTED FUNDS Funds Blfwd Incoming Total 0110112024 Resources Resources Transfer from General Fund Funds Clfvid 3111212024 Resources Expended Minor Funds: Jiv Daya Fund 4,365 22,311 26,676 19,859 6,817 Education Fund 646 516 1,162 50 1,112 Arhat Touch Fund 4,347 1,430 5,777 730 5,047 Dev Dravya 24,146 4,223 28,369 28.369 Sadharmik Funds 15,800 15,800 13,709 2,091 Sub Total Major Funds: 33,504 44,280 77,784 34,348 43,436 Building Fund 2,006,466 76,938 2,083,404 301,052 1,782,352 Total 2,039,970 121,218 2,161,188 335,400 1,825,788 Page 13
JAIN SAMAJ - IVIANCHESTER YEAR ENDED 31DECEMBER 2024 NOTES TO THE FINANCIAL STATEMEPITS NOTE 11 ANALYSIS OF NET ASSETS TO FUNDS BALANCE SHEET TOTAL UNRESTRICTED FUNDS RESTRICTED FUNDS General Designated # Building Minor Funds Net Fixed Assets 1,583,233 1,583,233 Bank Deposits (A) 285,648 73,761 22A28 189,459 Bank Current Account IA) 22,135 9,159 12,976 Bank Current Account {B} 10,447 10A47 Bank Current Account {c Paypal 7,237 7,237 816 816 Cash in Hand 501 480 21 Sub Total 1,910,017 82,294 3296 1,781.851 12,976 NET ASSETS 1,910,017 82,294 3296 1.781,851 12,976 BANK ACCOUNTS KEY MINOR FUNDS KEY (A) BANK OF INDIA • JIV DAYA, EDUCATICN (GNAN} AND ARHAT TOUCH FUNDS
MAHILA MANDAL FUYD
(B} LLOYDS BANK (C> CAF Bank NOTE 12 CURRENT LIABILITIES Amounts Owing to Other Charities NHS Heroes Sadhanik 2024 Total 2024 Total Brought Forward Re¢eived in Yoar Total Due Less: Paid Over in Year Amounts stlll owing at year end NOTE 13 OPERATING SURPLUS The Restricted Funds operating surplus of £198,618 was after charging £48,158 depreciation on fixed assets. There was no depreciation charged against the Unrestrrted Funds operating surplus. Page 14