SHREE RAJ SAUBHAG SATSANG MANDAL UK
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £30,179 for the year, resulting in a decrease in total funds from £72,088 to £41,909. The trustees note that incoming revenue reduced by 22.15% compared to the previous year, while expenditure remained significant at £408,171. Despite the deficit, the trustees confirm that reserves are in line with executive committee expectations and that the charity is able to meet its objectives.
What the accounts disclose
“The trustees conduct an annual review of the level of unrestricted reserves in the general fund by considering risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient: - to allow time for re-organisation in the event of a downturn in income or asset values; - to ensure that regular commitments are fully funded, including an estimate for regular large events; - to protect on-going work programme; and - to allow the Association to meet its objectives” — page 6
“The charity received Donations of £8,101 (2023: £200) from Mahavir Trust. Both the organisations have a trustee in common and have similar objectives.” — page 17
“The charity made Donations of £250 to Institute of Jainology. Both the organisations have a trustee in common and have similar objectives.” — page 17
“The charity received Donations of £8,101 (2023: £200) from Mahavir Trust. Both the organisations have a trustee in common and have similar objectives.” — page 17
“The charity made Donations of £250 to Institute of Jainology. Both the organisations have a trustee in common and have similar objectives.” — page 17
Trustees
- HARISH MAGANLAL SANGHVI
- MR JAY MEHTA
- Nilpa Shah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £262k | £261k |
| 05/04/2024 | £378k | £408k |
| 05/04/2023 | £486k | £452k |
| 05/04/2022 | £295k | £386k |
| 05/04/2021 | £340k | £239k |
Common questions
Is SHREE RAJ SAUBHAG SATSANG MANDAL UK financially healthy?
The accounts state that the charity reported a net expenditure of £30,179 for the year, resulting in a decrease in total funds from £72,088 to £41,909. The trustees note that incoming revenue reduced by 22.15% compared to the previous year, while expenditure remained significant at £408,171. Despite the deficit, the trustees confirm that reserves are in line with executive committee expectations and that the charity is able to meet its objectives. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE VARDY FOUNDATION | 1 | £656k |
| EDWARD HARVIST (ALSO KNOWN AS THE HARVIST ESTATE) | 1 | £2k |