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2021-03-31-accounts

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE)

REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

Company No. 2913733 (England and Wales) Charity No. 1036109

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE)

Contents

Page
Legal and Administrative Information 1
Report of the Trustees/Directors 2 - 3
Statement of Trustees/Directors' Responsibilities 4
Report of the Independent Auditors 5 - 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 - 12
The following pages do not form part of the statutory financial statements:
Management Profit & Loss Account 13 - 14

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE)

Legal and administrative information

Status

The organisation is a charitable company limited by guarantee, incorporated on 29th March 1994 and registered as a charity on 8th April 1994. The company was established under a Memorandum of Association with the objects and powers of a charitable company and is governed under its Articles of Association.

Trustees/Directors The trustees/directors who served during the period are listed on the Trustees/directors report Secretary Mahendra R Kapadia (appointed 06/04/2020) Registered Office 26 Oakthorpe Road Palmers Green London N13 5JL Registered Number 2913733 (England & Wales) Registered Charity Number 1036109 Website www.darjimandal.org.uk Auditors Taylors Chartered Accountants and Registered Auditors Battle House 1 East Barnet Road Hertfordshire EN4 8RR

page 1

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE)

Company No. 2913733 (England and Wales)

REPORT OF THE TRUSTEES/DIRECTORS FOR THE YEAR ENDED

31ST MARCH 2021

The trustees/directors presents their report together with the financial statements for the year ended 31st March 2021

Principal activities

The company is a registered charity and it's principal activities continued to be as follows:-

- for the promotion, education, support and advancement of Hindu culture and heritage and in particular the knowledge of Hindu music, dance and art. In furtherance of this object to provide a centre, library, exhibitions and displays.

Achievements and performance

The financial results for the year are set out on page 7.

Throughout the year the trustees/directors organised Hindu religious and social events.

Public benefit statement

The charity aims to encourage and educate the Gujarati community in Hindu culture and heritage. Trustees/directors give careful consideration to plan activities which brings together the community by arranging visits to Hindu temples, social and religious events, like meat parties, navratri and diwali celebrations, and organising community events to raise funds for other charities.

Directors

The directors who served during the year were as follows:Ashok C Tailor (appointed 6th April 2020) Ana Vadita Tailor (appointed 6th April 2020) Bachubhai M Sisodaria (appointed 6th April 2020) Bharat T Tailor Bharti A Bhikha (appointed 6th April 2020) Dilip D Tailor (apppointed 6th April 2020) Ishwar M Gosai (appointed 6th April 2020) Jayantilal M Degamia (appointed 6th April 2020) Kantilal R Topiwala (appointed 6th April 2020)

Kishor J Kapadia

Mahendrakumar M Tailor (appointed 6th April 2020) Mahendra R Kapadia (appointed 6th April 2020) Pravin M Jivan Rohenee M Thanawala (appointed 6th April 2020) Prataprao T Chikhlia (appointed 6th April 2020) Shila Tailor (appointed 6th April 2020) Thakorbhai T Bhagat (appointed 6th April 2020) Vinod N Tailor

page 2

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE)

Company No. 2913733 (England and Wales)

REPORT OF THE TRUSTEES/DIRECTORS continued FOR THE YEAR ENDED

31ST MARCH 2021

Trustees

The trustees who served during the year were as follows:Ashok C Tailor (appointed 6th April 2020) Kishor J Kapadia Ana Vadita Tailor (appointed 6th April 2020) Mahendrakumar M Tailor (appointed 6th April 2020) Bachubhai M Sisodaria (appointed 6th April 2020) Mahendra R Kapadia (appointed 6th April 2020) Bharat T Tailor Pravin M Jivan Bharti A Bhikha (appointed 6th April 2020) Rohenee M Thanawala (appointed 6th April 2020) Dilip D Tailor (apppointed 6th April 2020) Prataprao T Chikhlia (appointed 6th April 2020) Ishwar M Gosai (appointed 6th April 2020) Shila Tailor (appointed 6th April 2020) Jayantilal M Degamia (appointed 6th April 2020) Thakorbhai T Bhagat (appointed 6th April 2020) Kantilal R Topiwala (appointed 6th April 2020) Vinod N Tailor

Appointment of trustees / directors

Trustees/directors are elected at the annual general meeting. Office bearers hold office for a term of two years. Trustees/directors may serve as a trustee/director for as long as they wish.

The training and induction provided for new members is dependent upon their existing experience and professional skills. They are required to attend monthly meetings and assist at the social and religious events.

Reserves policy

It is the policy of the charity to use its reserves to settle the building construction loan, repair, maintain, refurbish and extend the community hall, where majority of the religious and social events are held.

Audit information

In so far as the directors are aware:

-there is no relevant audit information (information needed by the company's auditors in connection with preparing their report) of which the company's auditors are unaware, and

-the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Compliance with legislation

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2015).

Approved by the Board of Trustees/Directors

Date Bharat T Tailor Trustee/Director

page 3

Darji Mitra Mandal of the United Kingdom

Statement of Trustees/Directors' Responsibilities

The Charity Trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

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

●select suitable accounting policies and then apply them consistently;

● observe the methods and principles in the Charities SORP;

● state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

● prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

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

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.

Statement as to disclosure to our auditors

In so far as the trustees are aware at the time of approving our trustees’ annual report:

● there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group’s auditor is unaware, and

● the trustees, having made enquiries of fellow directors and the group’s auditor that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

page 4

Darji Mitra Mandal of the United Kingdom

Independent Auditor’s Report To The Members Of

Darji Mitra Mandal of the United Kingdom

We have audited the financial statements of Darji Mitra Mandal of the UK for the year ended 31st March 2020 which comprise the Statement of Financial information, Income and Expenditure Account, Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 charitable company's members those matters we are required to state tothem 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 the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of the directors/trustees and auditors

As explained more fully in the Statement of Trustees' / Directors' Responsibilities set out on page 4. The trustees' (who are also the directors of the company for the purpose of company law) responsibilities for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards. (United Kingdom Generally Accepted Accounting Practice) and for being satisfied that the financial statements give a true and fair view are set out in the Statement of Trustee's Responsibilities.

Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland) Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charitable company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Trustees' annual report to identify material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

Opinion on financial statements

In our opinion the financial statements

and of its incoming resources and application of resources, including the charity's income and expenditure, for the year then ended;

Accepted Accounting Practice (applicable to smaller entities) and

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Trustees/Directors for the financial year for which the financial statements are prepared is consistent with the financial statements.

page 5

Darji Mitra Mandal of the United Kingdom

Independent Auditor’s Report To The Members Of

Darji Mitra Mandal of the United Kingdom

continued

Matters on which we are required to report by exception

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

regime and take advantage of the small companies exemption in preparing the directors' report.

Rajesh Gulabivala For and on behalf of Taylors Chartered Accountants & Registered Auditors

Battle House 1 East Barnet Road Hertfordshire EN4 8RR

Date

page 6

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED

31ST MARCH 2021

Notes
Incoming resources
Donations and similar incoming resources:
Donations and members fees
Activities to further the charity's objectives:
religious functions
social functions
fundraising for other charities
publications and sundry
Activities to generate funds:
property - hire of community hall
council coronavirus business support grant
Investment income: interest receivable
Total incoming resources
Resources expended
Costs of generating funds:
Governance costs
Total resources expended
3
Net incoming resources: Net income for the year
Expenditure of grant funds
Other gains and losses
Net movement in funds
Total funds brought forward
Total funds carried forward
Unrestricted
Funds
£
59
-
-
-
-
150
25,000
1,541
26,750
19,490
1,252
20,742
6,008
-
-
6,008
891,435
897,443
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
599
599
Total
Total
2021
2020
£
£
59
938
-
2,096
-
8,768
-
-
-
325
150
69,388
25,000
-
1,541
1,634
26,750
83,149
19,490
49,298
1,252
12,297
20,742
61,595
6,008
21,554
-
(4,280)
-
5,379
6,008
22,653
892,034
869,381
898,042
892,034

The notes on pages 9 to 12 form part of these financial statements.

page 7

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE)

Company No. 2913733 (England and Wales)

STATEMENT OF FINANCIAL POSITION

AS AT
31ST MARCH 2021
2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets 6 663,958 652,130
Current assets
Debtors 7 - 7,872
Stock 495 495
Cash at bank and in hand 265,581 278,088
266,076 286,455
Creditors-amounts falling due within one year 8 (13,038) (21,808)
Net current assets 253,038 264,647
Total assets less current liabilities 916,996 916,777
Creditors-amounts falling due after more than one year 9 (18,954) (24,743)
Net assets 898,042 892,034
Unrestricted funds 12 897,443 891,435
Restricted funds 12 599 599
Total funds 898,042 892,034

The trustees have prepared the accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

Approved by the Board of Trustees/Directors Date Pravin M Jivan Trustee/Director

Kishor J Kapadia Trustee/Director

The notes on pages 9 to 12 form part of these financial statements.

page 8

DARJI MITRA MANDAL OF THE UNITED KINGDOM (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

1) ACCOUNTING POLICIES

The principal accounting policies have been applied consistently throughout the year and in the preceding year.

(a) Basis of accounting

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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

(b) Fund accounting

• Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values.

(c) Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

The value of services provided by volunteers has not been included in these accounts.

(d) Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

page 9

DARJI MITRA MANDAL OF THE UNITED KINGDOM (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

(e) Fixed assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation.

Depreciation is calculated at the following rates per annum using the reducing balance basis:Furniture, fittings and equipment 15%

No depreciation is provided on the freehold building, as the directors are of the opinion that its estimated residual value is not materially different to the carrying value.

2)
DONATIONS
General and prathna donations
3)
TOTAL RESOURCES EXPENDED
Basis of
allocation
Costs directly allocated to activities
Bank loan interest
direct
Premises running costs
direct
Depreciation
direct
Accountancy fee
direct
Auditors' remuneration
direct
Annual general meeting
direct
Annual return filing fee
direct
Charitablle donations
direct
Companies House filing penalty
direct
Costs of social events
direct
ICO fees and bank compensation
direct
IT software and web hosting charges
direct
Printing, postage and stationery
direct
Website development costs
direct
Support costs allocated to activities
Bank and card machine charges
transactions
Total resources expended
4)
NET INCOMING RESOURCES
This is stated after charging:
Depreciation
Auditors' remuneration
Costs of
generating
funds
£
448
12,480
6,562
-
-
-
-
-
-
-
-
-
-
-
-
Unrestricted
£
39
Restricted
£
-
2021
£
39
2020
£
234
Charitable
activities
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Governance
costs
£
-
-
-
-
290
-
26
501
150
-
(45)
132
-
-
198
2021
£
448
12,480
6,562
-
290
-
26
501
150
-
(45)
132
-
-
198
2020
£
748
44,075
4,475
420
1,020
17
-
-
-
2,604
-
42
1,183
6,760
251
19,490 . 1,252 20,742 61,595
2021
£
6,562
290
2020
£
4,475
1,020
6,852 5,495

page 10

DARJI MITRA MANDAL OF THE UNITED KINGDOM (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2021

5) TAXATION

As a charity, Darji Mitra Mandal of the UK is exempt from tax on income and gains falling within sections 485 to 488 of the Corporation Taxes Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extend that these are applied to its charitable objects.

6)
TANGIBLE FIXED ASSETS
Freehold
land
£
Cost
At 1st April 2020
137,880
Additions
-
At 31st March 2021
137,880
Depreciation
At 1st April 2020
-
Charge for the year
-
At 31st March 2021
-
Net Book Value
At 31st March 2021
137,880
At 31st March 2020
137,880
7)
DEBTORS
Tax relief on gift aid donations
8)
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Darji Pavilion - hall deposits and rent paid in advance
Bank loan (secured)
Other creditors and accruals
9)
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
Bank loan (secured)
Freehold
building
£
488,890
-
488,890
-
-
-
488,890
488,890
ONE YEAR
Furniture &
equipment
£
78,117
18,390
96,507
52,757
6,562
59,319
37,188
25,360
2021
£
-
-
2021
£
5,900
6,138
1,000
13,038
2021
£
18,954
Total
£
704,887
18,390
723,277
52,757
6,562
59,319
663,958
652,130
2020
£
7,872
7,872
2020
£
13,340
6,138
2,330
21,808
2020
£
24,743

page 11

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

10) SHARE CAPITAL

The company is incorporated as a company limited by guarantee having no share capital. In the event of the winding up of the company, liabilities of the members of the time being is restricted to maximum of £1 per member. The average number over the year was 1,200.

11) ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
12) UNRESTRICTED FUNDS
Designated funds:
Tangible fixed assets fund
The Big Lottery Fund Grant
General fund
Balance
01.04.20
£
364,053
599
527,382
892,034
Designated
Funds
£
364,053
-
-
364,053
Income
£
-
-
26,750
26,750
General
Funds
£
299,905
266,076
(13,038)
(18,954)
533,989
Expended
£
-
-
(20,742)
(20,742)
Total
Funds
£
663,958
266,076
(13,038)
(18,954)
898,042
Balance
31.03.21
£
364,053
599
533,390
898,042

13) TRUSTEES/DIRECTORS REMUNERATION AND EXPENSES

No remuneration or expenses are paid to the trustees/directors.

page 12

DARJI MITRA MANDAL OF THE UNITED KINGDOM

(LIMITED BY GUARANTEE) MANGEMENT PROFIT & LOSS ACCOUNT

FOR THE YEAR ENDED

31ST MARCH 2021

INCOME - General fund
Donations and membership
Membership fees
General and prathna donations
Religious functions
Diwali get together
Hanuman Chalisa
Vaddhu and Rotla
Social functions
Childrens' Christmas party
Friday clubs
Senior citizens party
Fundraising for other charities
Publications and sundry
Directory advertisements and sales
Investment income
Bank deposit interest
TOTAL INCOME
DEDUCT: OPERATING COSTS - General Fund
Navratri
Bhajans
Annual general meeting
Charitable donations
Printing, postage and stationery
IT software and web hosting charges
Bank and card machine charges
Annual return filing fee
Companies House filing penalty
Website development costs
ICO fees and bank compensation
Accountancy fee
Auditors' remuneration
Depreciation
Profit /(loss) carried forward
£
£
£
£
20
704
39
234
59
938
-
1,382
-
149
-
565
-
2,096
-
236
-
7,946
-
586
-
8,768
-
-
-
325
1,541
1,634
1,600
13,761
-
2,436
-
168
-
17
501
-
-
1,183
132
42
198
251
26
-
150
-
-
6,760
(45)
-
-
420
290
1,020
6,562
4,475
7,814
16,772
(6,214)
(3,011)
2021
2020
-
-
-
-
-
-
-
-
-
501
-
132
198
26
150
-
(45)
-
290
6,562

page 13

DARJI MITRA MANDAL OF THE UNITED KINGDOM (LIMITED BY GUARANTEE) MANGEMENT PROFIT & LOSS ACCOUNT

FOR THE YEAR ENDED

31ST MARCH 2021

Profit /(loss) brought forward
DARJI PAVILION
INCOME
Rents receivable
Council coronavirus business support grant
DEDUCT: Expenses
Bank loan interest
Rates
Water rates
Insurance
Lighting and heating
Refuse collection charges
Telephone and internet
Repairs, maintenance and pest control
Hall manager, caretakers and cleaning costs
Legal fees
Premises licence
Darji Pavilion operating profit
NET PROFIT FOR THE YEAR
Tax claimed on gift aid donations
SURPLUS OF INCOME OVER EXPENDITURE FOR THE YEAR
£
£
£
£
2021
2020
(6,214)
(3,011)
150
69,388
25,000
-
25,150
69,388
448
748
0
3,037
(37)
1,598
1,849
1,695
(777)
4,791
-
2,553
1,932
1,398
4,417
8,253
4,916
19,454
-
288
180
1,008
12,928
44,823
12,222
24,565
6,008
21,554
-
5,379
6,008
26,933
25,150
448
0
(37)
1,849
(777)
-
1,932
4,417
4,916
-
180
12,928

page 14