## Navjivan Vadil Kendra
(Registered Charity No. 1121930)
## Financial Statements
For the Year Ended 31 December 2023
## **Navjivan Vadil Kendra**
( **Charity No. 1121930** )
## **Financial Statements for the year ended 31 December 2023**
|**Contents**||
|---|---|
||**Page**|
|Charity information & trustees annual report||
|and Statement of trustee's responsibilities|1 & 2|
|Independent examiner's report|3|
|Income and expenditure account|4|
|Statement of assets and liabilities|5|
( **Charity No. 1121930** ) **Financial Statements for the year ended 31 December 2023**
## **Navjivan Vadil Kendra**
## **Charity Information & trustees annual report**
Navjivan Vadil Kendra ('NVK') was established as an unincorporated charity association under its Constitution dated 25 January 2007 and was registered with the Charity Commission on 11 December 2007.
The objects of the charity are to improve the welfare and conditions of life of its members of various age groups, those who may be infirm or those who are physically challenged; by providing facilities, financial assistance, information and guidance to enhance some of their social, cultural, leisure, spiritual and general well-being requirements.
Membership is open to all members of the local community subject to approval by the trustees. Currently there are 436 members.
The Trust is required to be managed by a maximum of 15 and a minimum of 7 trustees who shall be elected by members at the Annual General Meeting. A maximum of a further 4 members may be co-opted to the managing committee.
## **The members of the Management Committee (Trustees) who served during the year are** :
Mr Vinod Parekh President Dr Vinod Kapashi Vice President Mrs Purnima M Mehta Secretary Dr Mahendra Vora Joint Secretary Mr Jaykumar Shah Treasurer Mr Kishor Doshi Joint Treasurer Mr Praful G Shah Public Relations Mr Chiman Sheth Webmaster Ms Ella Shah Committee Member Mr Hasmukh Parekh Committee Member Mrs Kusum Punater Committee Member Mr Hasu Mandalia Committee Member Mr Jayant U Doshi Committee Member Mr Mahesh Savadia Committee Member
Late Mr Harendra Meswani
Committee Member (Deceased 09/02/2023)
## **Registered Office**
2 Links View Stanmore HA7 3QW
## **Bankers**
Bank of Baroda (UK) Limited Account No. 91002892 Sort code 60- 95- 57
## **Independent Examiner**
Dipakkumar Shah FCA (ICAEW) Nielsens Chartered Accountants The Gatehouse 453 Cranbrook Road Ilford IG2 6EW
Page 1
## **Navjivan Vadil Kendra**
## ( **Charity No. 1121930** )
Charity Information & trustees’ annual report (cont’d..)
## **Achievement and performance**
During the year, the charity organised weekly workshops with yoga and recreational activities being an integral part of the activities. There were 436 members during the year and as reported in the annual secretary’s report, various events, trips and seminars were organised for members which were usually fully subscribed.
Members' annual subscriptions amounted to £56,600 (2022 - £20,605 ). The funds deficit for the year amounted to £15,288 - (2022- Deficit £7,762) and the trustees aim to maintain sufficient funds to meet the annual hall hire and unforeseen costs.
## **Future developments**
NVK aims to continue its activities with the same vigour and new ideas. We added a new activity last year by arranging visits to care homes and entertaining the residents and this has been widely appreciated. Besides weekly entertainment, NVK continues to organise day trips, short and long local and overseas trips for members, some of whom are unable or unwilling to do so on their own. Our yoga and walking are going strong and are core activities.
## **Trustees’ Responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing trustees’ annual report and financial statements in accordance with applicable law and UK accounting standards (United Kingdom Generally Accepted Accounting Practice, including FRS 102 "The Financial Reporting Standard applicable in the UK", Charities SORP FRS102) and application of resources, of the charity for the period.
In preparing the financial statements, the trustees are required to :
*Follow the law applicable to charities in England and Wales requires The charity trustees to prepare financial statements which give a true and fair view of the state of affairs of the charity and of the incoming resources;
*Select suitable accounting policies and then apply them consistently;
*Observe the methods and principles in the applicable Charities SORP;
*Make judgements and estimates that are reasonable and prudent;
*State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in financial statements;
*Prepare the financial statements on the going concerns 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 Charities Act 2011, the applicable, Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
V Parekh President Date : 23 August 2024
Page 2
## **Independent Examiner's Report to the Trustees of Navjivan Vadil Kendra**
## ( **Charity No. 1121930** )
I report to the charity trustees on my examination of the accounts of Navjivan Vadil Kendra (the Trust) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the ' Act')
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £25,000 your accounts require to be examined. Your examiner may be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Dipakkumar Shah FCA Nielsens Cartered Accountants The Gatehouse 453 Cranbrook Road Ilford Essex IG2 6EW
23 August 2024
Page 3
## **Navjivan Vadil Kendra**
## **Income and Expenditure account**
## **For the Year ended 31 December 2023**
|**Income**
**Restricted Funds**
Donations,Grants,Subs & Gifts
Balance b/fwd & c/fwd
**Unrestricted Funds:**
Subscriptions & Joing Fees
Sponsorship and Donations
Gift- aid
Catering, guest & event income
Less: Direct Expenses
Donations- Accountancy Fees
**Total Unrestricted Funds**
Interest Income
**Total Income**
**Expenditure**
Cost of Activities
Catering
Sundry, office & admin expenses
Rent & Services
Yoga sessions
Cleaning
Goverence: Independent examination
Bank Charges
**Total Expenses**
**Funds: Deficit for the Year**|**2023**
**£**
**£**
-
-
56,600
12,761
-
30,334
(30,247)
500
13,348
69,948
811
70,759
315
55,783
1,118
23,500
2,944
1,855
85,515
500
32
532
86,047
(15,288)|**2022**
**£**
**£**
-
-
20,650
9,640
-
-
-
500
10,140
30,790
-
30,790
(1,020)
18,042
2,599
14,664
2,262
1,570
38,117
500
(65)
435
38,552
(7,762)|
|---|---|---|
Page 4
## **Navjivan Vadil Kendra**
|**Statement of Assets and Liabilities**
**as at 31 December 2023**
**Current Assets**
**Restricted Funds:**
**Unrestricted Funds**
Bank Deposit Account
Bank Current Account
Cash in Hand
**Total Cash & Bank Balances**
**Debtors -**Deposits paid
Prepayments
**Total Cuurrent Assets**
**Less Current Liabilities:**
Events & Subscriptions received in advance
**Net Assets**
**Represented by:**
**Funds**
General Funds brought forward
Deficit for the year
Total General Funds -Unrestricted
Resticted Funds|**2023**
**£**
-
-
124,232
208
124,440
-
-
124,440
51,620
72,820
88,108
(15,288)
72,820
-
72,820|**2022**
**£**
-
85,330
50,981
182
136,493
-
500
136,993
48,885
88,108
95,870
(7,762)
88,108
-
88,108|
|---|---|---|
Approved by Management Committee on 23 August 2024 and signed on its behalf by:
V Parekh President
J Shah Treasurer
Page 5