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2024-12-31-accounts

KADWA PATIDAR SAMAJ (UK) LIMITED

Limited by Guarantee

Trustees Report

and Financial Statements

for the year ended 31 December 2024

Registered Charity Number 1002523 Registered Company Number 02583841

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEX

Page
Charity information 1
Trustees’ report 2
Independent auditor’s report 8
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Accounting policies 14
Notes to the financial statements 16

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CHARITY INFORMATION

Directors and Trustees

Suresh Kansagra JP Mansukhlal Patel Jitendra Patel Bharat Megpara Hasmukhray Patel Rajendra Savani Manish Patel Mukesh Patel Mrs Ramila Dedakia

Principal and Registered Office

126 Woodcock Hill Kenton Harrow HA3 0JN

Registered Charity Number 1002523

Registered Company Number 2583841

Independent Auditor

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Page 1

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES’ REPORT

The Trustees, who are directors for the purposes of company law, have pleasure in presenting their annual report for the purposes of the Charities Act 2011 and Sections 415 to 419 of the Companies Act 2006, together with the accounts for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” (, FRS 102) in preparing the annual report and financial statements of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Kadwa Patidar Samaj (UK) Limited is a company limited by guarantee and is a Registered Charity with the Charity Commissioners for England and Wales, (Charity Registration No. 1002523). The company was established on 20 February 1991 under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. These were amended by Special Resolution at the Extra Ordinary General Meeting of the members' held on 1 February 2015. In the event of the company being wound up, the member's liability is limited to £1 each.

Organisation

The Board of Trustees (also known as the Board of Directors), is made up of 9 directors who administer and manage the day-to-day operation of the charity. The trustees receive no remuneration or other financial benefits and provide all their services on a voluntary basis.

The Board in normal circumstances meets up to six times a year and there is constant communication between Directors by email and phone on all important decisions to review strategy, policy, and performance. Extra meetings may be held, when necessary, to deal with any urgent issues that may arise from time to time. The governance structure is in place to split the responsibilities, and it consists of sub-committees of (I) Letting & Finance (2) Building & Facilities and (3) Capital Project & Maintenance (4) Health & Safety. These subcommittees are entrusted with the responsibility of day-to-day operational management of the Centre.

Appointment of Trustees

As set out in the Articles of Association the members of the charitable company attending the Annual General Meeting (AGM) elect three new trustees annually and three trustees resign in rotation. The retiring trustees are eligible for re-election if they wish.

All members are circulated with invitations to nominate trustees prior to the AGM advising them of the retiring trustees and new nominations who have applied for the position of the trustees at the next AGM. Members with the right skills and ability are actively encouraged to join the Board to ensure proper and robust functioning of the Board.

Trustee induction and training

New trustees undergo an orientation day to get a brief on their personal & legal obligations under Charity and Company Law, the Charity Commission guidance on public benefit, content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and most recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to work as a team and attend appropriate external training events where these will facilitate the undertaking of their role. They also have access to specialist help if needed.

Use of volunteers

Volunteers are an important resource in both our faith and community work. We encourage all members of our Charity to be involved in voluntary activities and to share their skills with others. We have achieved our goals by voluntary means and no remuneration was paid to any directors or members of the Charity.

Page 2

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES’ REPORT

OBJECTIVES

The Objects of the Company are:

Each year the Directors review Kadwa Patidar Samaj (U.K.) Limited’s (KPS) objectives and activities to ensure that they continue to reflect our aims, goals, and objectives. In carrying out this review the directors have taken into consideration that they meet the Charity Commission's general guidance.

Our vision remains to maintain our key aims, which allows us to guide and shape our annual activities. The key aims are as follows:

KEY ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE

Key Activities

The Centre was widely used by members and community at large in 2024 including but not limited to the following activities.

1 Promoting Hindu Religion

Page 3

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES’ REPORT

2 Condolences Gatherings (Prathna Sabha)

4 Local Community Use

We are very pleased and honoured to report that all above activities help to prevent social isolation and supports mental health wellbeing.

Summary of main achievements

FINANCIAL REVIEW

The detailed financial position is shown in the attached financial statements. Both the income and the operating expenses were in line with expectations.

Page 4

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES’ REPORT

The Directors have taken note of changing the requirement of the community and have enhanced its facilities in line with demand.

The Directors are always mindful of their financial obligations and maintain a prudent reserve for any emergencies.

The Following items listed below were completed in 2024.

The Board takes this opportunity to thank all its members, volunteers & staff for their dedicated help and support in running the Centre.

In addition, the Board has resolved to undertake expenditure, where it will generate higher income in the coming years and maintain our facility to a high standard. All the improvements listed in the Financial Review of this report contribute to the general facilities so as to make the centre more attractive for the local community, aid educational use and help generate future income.

In addition, the Board continues to be cautious in its approach to ensure it develops and maintains a healthy financial position. The Charity's reserves are held, and need to be maintained and increased over the next few years, to the following purposes:

The financial results of the charity for the reporting period demonstrate similar performance to the previous year. This can be attributed to the continuing popularity of the Centre as a result of the enhanced facilities. Expenditure has increased by approximately £83,000 in the year. This can be attributed to inflation, increased wages, heating, lighting and boiler repair in the Annexe Hall.

On the balance sheet date unrestricted general funds reserves amounted to £454,953 (2023: £127,850). This solidifies our financial footing and ensures that we hold sufficient funds to purchase the Freehold if and when the council offers it. The roof and the floor of the main hall have been in place for over 30 years. Although still serviceable it will require full replacement in the near future at a substantial cost with funds designated for this purpose.

Going Concern Status

The Board has fully reviewed the financial position of the KPS Charity organisation and is confident of its ability to continue operating as a going concern for the foreseeable future despite any pandemic due to the strong cash position, and the excellent condition of the facilities which have been maintained on a low-cost basis.

Risk review

The Board of Directors have assessed the risks the charity faces and have set up a Risk Register which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening, and the measures taken to manage them. The trustees review this risk matrix regularly at every Board Meeting and take appropriate action as necessary to mitigate any potential risk.

The Directors are satisfied that a good system is in place (or arrangements are made), to manage the identified risks. Attention has also been focused on non- financial risks arising from fire, health & safety of staff and recruiting competent professional trustees/ leaders etc. We will also be monitoring our Charity's financial

Page 5

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES’ REPORT

sustainability and ensure that all unexpected internal or external events are properly managed, and the associated risk minimised.

PLANS FOR FUTURE PERIODS

As we look ahead, our primary aim is to be able to facilitate more community use of the Centre by members and the wider community. We aspire to do more charitable work and assist other charities with financial support. This is in line with the aims and objects of the charity, to include the below imminent plans.

Our future direction as mentioned above is to be able to achieve our aims and objects of the company’s memorandum and charitable status.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also directors of Kadwa Patidar Samaj (UK) Limited for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection or fraud and other irregularities.

In so far as the Trustees are aware:

Page 6

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

TRUSTEES’ REPORT

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

APPOINTMENT OF INDEPENDENT AUDITOR

Blue Spire Limited expressed their willingness to continue as auditors to the charity. The members will consider the reappointment of auditors at the charity’s upcoming AGM.

This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.

Approved by the Trustees and signed on their behalf.

……………………………………. Gow ……………………………………. Dlavat Mempara. Suresh Kansagra Bharat Megpara Chairman Finance Trustee Date 22[nd] February 2025 Date 22[nd] February 2025

Page 7

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT AUDITOR’S REPORT

Opinion

We have audited the financial statements of Kadwa Patidar Samaj (UK) Limited (the ‘charitable company’) for the year ended 31 December 2024 which comprise of the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of a charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 8

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT AUDITOR’S REPORT

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement set out on page 6 and 7, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Our work included obtaining an understanding of the legal and regulatory requirements applicable to the charitable company and an understanding of how the charitable company complies with those requirements by discussions with those charged with governance. We consider the most significant laws and regulations applicable to this charity as being the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council together with health and safety regulations and employment law. We inquired as to whether there were any instances of non-compliance or suspected non-compliance with laws and regulations and considered through our audit work whether any evidence of possible non-compliance existed.

Additionally we assess the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions those charged with governance in respect the controls in this area and designing our audit testing in response to the financial statement areas most at risk.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 9

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

INDEPENDENT AUDITOR’S REPORT

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Geoffrey Frost BSc (Hons) FCA For and on behalf of Blue Spire Limited, Statutory Auditor 07 March 2025 Date

Cawley Priory South Pallant Chichester West Sussex PO19 7UY

Page 10

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
1
Other trading activities
2
Grant income
3
Investments
4
Total income
EXPENDITURE ON:
Raising funds
5
Charitable activities - grants
7
Total
Net Income/(expenditure)
Transfers between funds
13
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
13
Total funds carried forward
13		 Unrestricted
Funds
£
3,858
565,712
-
44,442
614,012
382,065
-
382,065
231,947
(1,410)
230,537
4,067,645
4,298,182		 Restricted
Funds
£
-
-
-
-
-
-
1,410
1,410
(1,410)
1,410
-
-
-		 2024
Total
Funds
£
3,858
565,712
-
44,442
614,012
382,065
1,410
383,475
230,537
-
230,537
4,067,645
4,298,182		 2023
Total
Funds
£
12,522
590,660
-
13,869
617,051
283,835
12,526
296,361
320,691
-
320,691
3,746,954
4,067,645

None of the charity’s other activities were acquired or discontinued during the above two financial years.

The group has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 11

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

BALANCE SHEET AS AT 31 DECEMBER 2024

2024 2023
Note £ £ £ £
FIXED ASSETS
Tangible assets 10 3,343,228 3,439,795
CURRENT ASSETS
Debtors 11 22,667 12,650
Cash at hand and in bank 2,246,565 1,923,531
Total current assets 2,269,232 1,936,181
CURRENT LIABILITIES
Creditors: amounts falling due within one year 12 1,314,278 1,308,331
Net current assets/(liabilities) 954,954 627,850
Net assets/(liabilities) 4,298,182 4,067,645
THE FUNDS OF THE CHARITY
Restricted funds 13 - -
Unrestricted funds 13
Designated funds 3,843,229 3,939,795
General funds 454,953 127,850
Total unrestricted funds 4,298,182 4,067,645
Total charity funds 4,298,182 4,067,645

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accompanying notes form part of these financial statements

These financial statements were approved by the board on 22nd February 2025 and signed on their behalf.

……………………….. Bow Suresh Kansagra Chairman

………………………..

……………………….. Dlavat Mempara.

……………………….. Bharat Megpara Finance Director

Company number: 02583841 Charity number: 1002523

Page 12

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

STATEMENT OF CASH FLOWS

£
£
Net cash provided by (used in) operating activities
279,382
Cash flows from investing activities:
Investment income
44,442
Purchase of tangible fixed assets
(790)
Net cash provided by investing activities
43,652
Change in cash and cash equivalents in the year
323,034
Cash and cash equivalents at the beginning of the reporting year
1,923,531
Cash and cash equivalents at the end of the reporting year
2,246,565
Cash and cash equivalents consist of:
Cash at bank and in hand
2,246,565
Cash and cash equivalents at the end of the reporting year
2,246,565
Reconciliaton of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
230,537
Adjustments for:
Depreciation charges
97,357
Investment income
(44,442)
(Increase)/decrease in debtors
(10,017)
Incease/(decrease) in creditors)
5,947
48,845
Net cash provided by (used in) operating activities
279,382
2024
Total Funds		 £
£
359,082
13,869
11,334
25,203
384,285
1,539,246
1,923,531
1,923,531
1,923,531
320,691
99,063
(13,869)
(5,453)
(41,350)
38,391
359,082
2023
Total Funds		 £
£
359,082
13,869
11,334
25,203
384,285
1,539,246
1,923,531
1,923,531
1,923,531
320,691
99,063
(13,869)
(5,453)
(41,350)
38,391
359,082
2023
Total Funds
384,285
1,539,246
1,923,531
1,923,531
1,923,531
320,691
38,391
359,082

Page 13

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

Kadwa Patidar Samaj (UK) Limited is an incorporated charity, limited by guarantee, incorporated in England with the company number 02583841. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are outlined in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Income recognition

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Income from the hire of the hall, equipment and services is recognised when the event takes place.

Income from sales of electricity is recognised when amounts have been confirmed and received.

Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

Costs of generating funds

Support costs are those that assist the work of the charity and include office costs, governance costs, administrative payroll costs. Support and governance costs have been allocated to expenditure on raising funds on the basis this is consistent with use of the resources.

Governance costs

Governance costs comprise the costs associated with the governance arrangements of the charity and include audit fees, legal advice (if any) for trustees, costs associated with constitutional and statutory requirements and any costs associated with the strategic as opposed to the day to day management of the charity’s assets.

Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Contributions are made to the employee's personal pension arrangements.

VAT

The charity is not registered for VAT and cannot recover VAT incurred on costs. These are therefore stated inclusive of any VAT

Taxation

The charity is considered to pass the tests set out in sections 466 to 493 Corporation Tax Act 2010 (CTA 2010), as such no income tax is payable on the charity's activities.

Page 14

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ACCOUNTING POLICIES

Fixed Assets

Fixed assets are stated at cost and depreciation is provided at rates calculated to write-off the cost of each asset over its useful economic life, less any estimated residual value as follows:

Long leasehold land and buildings Over the life of the lease Furniture, fittings and equipment 15% per annum on a reducing balance basis

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund accounting

Unrestricted (general) funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 15

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

Unrestricted
Funds
£
Donations received
3,858
3,858
2. Income from other trading activities
Unrestricted
Funds
£
Hire of hall, equipment and services
553,283
Electricity generation income
10,429
Marriage registration fees
2,000
565,712
3. Grant income
Unrestricted
Funds
£
Grant - Harrow Council
-
-
4. Investment income
Unrestricted
Funds
£
Bank interest receivable
44,442
44,442		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-		 2024
Total
Funds
£
3,858
3,858
2024
Total
Funds
£
553,283
10,429
2,000
565,712
2024
Total
Funds
£
-
-
2024
Total
Funds
£
44,442
44,442		 Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
576,767
9,893
4,000
590,660
Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
13,869
13,869		 Restricted
Funds
£
12,522
12,522
Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-		 2023
Total
Funds
£
12,522
12,522
2023
Total
Funds
£
576,767
9,893
4,000
590,660
2023
Total
Funds
£
-
-
2023
Total
Funds
£
13,869
13,869

Page 16

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

5. Expenditure on raising funds

5. Expenditure on raising funds
Direct costs of fundraising
Support costs (see note 6.)		 Unrestricted
Funds
£
1,016
381,049
382,065		 Restricted
Funds
£
-
-
-		 2024
Total
Funds
£
1,016
381,049
382,065		 Unrestricted
Funds
£
1,000
282,835
283,835		 Restricted
Funds
£
-
-
-		 2023
Total
Funds
£
1,000
282,835
283,835

6. Support and governance costs

6. Support and governance costs
Wages and salaries
Casual wages
Recruitment costs
Rates
Light and heat
Insurance
Repairs and maintenance
Cleaning
Telecommunications
Sundry and office expenses
Depreciation
Legal and professional fees
Audit fees		 Unrestricted
Funds
£
94,587
-
-
120
75,573
11,187
64,780
5,458
2,244
7,542
97,357
18,601
3,600
381,049		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
Funds
£
94,587
-
-
120
75,573
11,187
64,780
5,458
2,244
7,542
97,357
18,601
3,600
381,049		 Unrestricted
Funds
£
53,778
14,240
4,486
4,160
35,749
9,975
33,037
6,019
2,114
5,685
99,063
10,928
3,600
282,834		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
Funds
£
53,778
14,240
4,486
4,160
35,749
9,975
33,037
6,019
2,114
5,685
99,063
10,928
3,600
282,834

7. Expenditure an charitable activities

Grants to institutions:
Cancer Research UK
Mind in Harrow
St Lukes Hospice
Narayan Seva Sansthan UK		 Unrestricted
Funds
£
-
-
-
-
-		 Restricted
Funds
£
-
1,410
1,410		 2024
Total
Funds
£
-
1,410
-
-
1,410		 Unrestricted
Funds
£
-
-
-
-
-		 Restricted
Funds
£
-
10,525
1,001
1,000
12,526		 2023
Total
Funds
£
-
10,525
1,001
1,000
12,526

Page 17

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

8. Auditor's remuneration

Auditor's remuneration - audit Unrestricted
Funds
£
3,600		 Restricted
Funds
£
-		 2024
Total
Funds
£
3,600		 Unrestricted
Funds
£
3,600		 Restricted
Funds
£
-		 2023
Total
Funds
£
3,600

9. Wages and salary cost

9. Wages and salary cost
Gross wages
Employer's national insurance costs
Pension costs
Staff numbers:
Average head count		 2024
£
86,017
8,454
116
94,587
2024
5		 2023
£
52,276
1,294
208
53,778
2023
4

There were no employees with emoluments (excluding employer pension costs) above £60,000 in this or the preceding period.

Key management comprises the directors.

No remuneration was paid to trustees during the period or in the previous financial period.

Page 18

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

KADWA PATIDAR SAMAJ (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

10. Fixed assets

Cost
At 1 January
Additions / (retention released)
Disposals
At 31 December
Depreciation
Accumulated at 1 January
Charge for the year
On disposals
At 31 December
Net book value at 31 December 2024
Net book value at 31 December 2023		 Long
Leasehold
land and
buildings
£
3,770,984
-
-
3,770,984
520,360
65,045
-
585,405
3,185,579
3,250,624		 Furniture
fittings and
equipment
£
557,143
790
-
557,933
367,972
32,312
-
400,284
157,649
189,171		 Total
£
4,328,127
790
-
4,328,917
888,332
97,357
-
985,689
3,343,228
3,439,795

11. Debtors

11. Debtors
Trade debtors
Other debtors
Prepayments		 Unrestricted
Funds
£
350
15,135
7,182
22,667		 Restricted
Funds
£
-
-
-
-		 2024
Total
Funds
£
350
15,135
7,182
22,667		 Unrestricted
Funds
£
470
5,600
6,580
12,650		 Restricted
Funds
£
-
-
-
-		 2023
Total
Funds
£
470
5,600
6,580
12,650

12. Creditors

Trade creditors
Other loans
Accruals
Deferred income (see below)		 Unrestricted
Funds
£
276
1,217,490
15,782
80,730
1,314,278		 Restricted
Funds
£
-
-
-
-		 2024
Total
Funds
£
276
1,217,490
15,782
80,730
1,314,278		 Unrestricted
Funds
£
2,575
1,229,490
13,516
62,750
1,308,331		 Restricted
Funds
£
-
-
-
-		 2023
Total
Funds
£
2,575
1,229,490
13,516
62,750
1,308,331

Page 19

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

12a. Analysis of movement in deferred income

12a. Analysis of movement in deferred income
Hall Hire Deposits Brought
forward
£
62,750
62,750		 Released
in year
£
(62,750)
(62,750)		 Deferred
in year
£
80,730
80,730		 Carried
forward
£
80,730
80,730

The above deferred income arises from the conditions of and the income recognition point not being met at the balance sheet date.

13. Analysis of net movement in funds

13. Analysis of net movement in funds
Restricted funds
Mind in Harrow
St Lukes Hospice
Narayan Seva Sansthan UK
Total restricted funds
Unrestricted funds
Designated funds
Fixed asset reserve
Centre refurbishment and repairs
Total designated funds
General funds
Total unrestricted fund
Total funds		 Year ended 31 December 2024
Total funds
brought
forward
£
-
-
-
-
3,439,795
500,000
3,939,795
127,850
4,067,645
4,067,645		 Total
incoming
resources
£
-
-
-
-
-
-
-
614,012
614,012
614,012		 Total
resources
expended
£
(1,410)
-
-
(1,410)
-
-
-
(382,065)
(382,065)
(383,475)		 Transfers
between
funds
£
1,410
-
-
1,410
(96,566)
-
(96,566)
95,156
(1,410)
-		 Total funds
carried
forward
£
-
-
-
-
3,343,229
500,000
3,843,229
454,953
4,298,182
4,298,182

Description of funds

Restricted funds Mind in Harrow Funds raised to support activities of Mind in Harrow. St Lukes Hospice Funds raised to support activities of St Lukes Hospice. Narayan Seva Sansthan UK Funds raised to support activities of Narayan Seva Sansthan UK. Designated funds Fixed asset reserve Designated fund for for fixed assets. Centre refurbishment and repairs Designated fund for esential planned future works on the Centre.

Funds raised to support activities of Mind in Harrow. Funds raised to support activities of St Lukes Hospice. Funds raised to support activities of Narayan Seva Sansthan UK.

Page 20

KADWA PATIDAR SAMAJ (UK) LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

13. Analysis of net movement in funds -continued

Restricted funds
Mind in Harrow
St Lukes Hospice
Narayan Seva Sansthan UK
Total restricted funds
Unrestricted funds
Designated funds
Fixed asset reserve
Centre refurbishment and repairs
Total designated funds
General funds
Total unrestricted fund
Total funds
Description of funds
Restricted funds
Mind in Harrow
St Lukes Hospice
Narayan Seva Sansthan UK
Designated funds
Fixed asset reserve
Centre refurbishment and repairs		 Year ended 31 December 2023
Total funds
Total
Total
Transfers
Total funds
brought
incoming
resources
between
carried
forward
resources
expended
funds
forward
£
£
£
£
£
-
10,521
(10,525)
4
-
-
1,001
(1,001)
-
-
-
1,000
(1,000)
-
-
-
12,522
(12,526)
4
-
3,550,193
-
-
(110,398)
3,439,795
-
-
-
500,000
500,000
3,550,193
-
-
389,602
3,939,795
196,761
604,529
(283,834)
(389,606)
127,850
3,746,954
604,529
(283,834)
(4)
4,067,645
3,746,954
617,051
(296,360)
-
4,067,645
Funds raised to support activities of Mind in Harrow.
Funds raised to support activities of St Lukes Hospice.
Funds raised to support activities of Narayan Seva Sansthan UK.
Designated fund for for fixed assets.
Designated fund for esential planned future works on the Centre.		 Total funds
carried
forward
£
-
-
-
-
3,439,795
500,000
3,939,795
127,850
4,067,645
4,067,645

14. Legal status

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is £1.

Page 21

KADWA PATIDAR SAMAJ (UK) LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

NOTES TO THE FINANCIAL STATEMENTS

15. Financial instruments

The carrying amounts of the Charity's financial instruments are as follows:

15. Financial instruments
The carrying amounts of the Charity's financial instruments are as follows:
Financial assets
Debt instruments measured at amortised cost:
Other debtors
Financial liabilities
Measured at amortised cost:
Trade creditors
Other creditors		 2024
£
7,182
7,182
276
1,217,490
1,217,766		 2023
£
6,580
6,580
2,575
1,229,490
1,232,065

16. Related party transactions

The other loans of £1,217,490, (2023: £1,229,490) in note 12 are from an associated membership organisation representing the same community, Shree Kadwa Patidar Samaj (UK), are repayable at three months notice and carry interest as agreed by both parties. No interest is payable for the current or preceding year.

Shree Kadwa Patidar Samaj (UK) have confirmed they will continue to support the company and accordingly that no demand for repayment shall be made in the foreseeable future, however the loan is deemed to be repayable on demand.

Insurance is being paid for Kadwa Patidar Samaj (UK ) Limited and Shree Kadwa Patidar Samaj (UK) from the company with a combined premium of £11,182 (2023: £9,975).

There were no other transactions with related parties that require disclosure in the financial statements.

No trustees were reimbursed expenses for travel and subsistence in this or the preceding period.

Page 22