CHARITY REGISTRATION NUMBER: 1146848 SEWA DAY Unaudited Financial Statements 31st March 2022 FERGUSON MAIDMENT Chartered accountsnts 8th Floor 167 Fleet Street London EC4A 2EA co
SEWA DAY Financial Statements Year ended 31st March 2022 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activibes Statement of financial position Notes to the financial statements
SEWA DAY Trustees, Annual Report Yr endod 31st March 2022 The trustees present their report •TrJ the unaudi1 fin(la1 sl¥tement8 of the charity for the year onded 31st March 2022. Rof•r•nc• and admlnbtratlvo d•tsll• Roglt•red chartty n•m• SEWA DAY Charlty rnglstratl¢)n numb•r 1146648 Prfnclpal offic• Th• tru•t• Mr AnarKJ Vyas Mr Kartik Dave Mr Ashish Patel Mr Sanjay Vadhern (ReSned 9th Novembor 2022) IrKl•p•nd•nt ox•mln•r Mr Vfvek Kapoc 8thRo 167 Fle¢t Str•8t EC4A 2EA 8tructur•i govern•n and m•NgMi•nt Th¢ tru8t18 govemed by a tru8t do•d dated 5th March 2012 and18 mwwged by the tru0•B. ObJ•Gtlvo• and •ctlvlti The charty's main objectNe 18 the pronM)tlon of good ejlizenshlp by erUr491ng and facllltatlng vc4unt¢erfng in fvrthoranc¢ of charilablo purpow f(Yth8 b•fft of the publk. A¢hl•¥•m•nts and wrfonhanc• The re¥utt8 for the period, and tho tharfty fin•rKLql podlion at tho •nd Oft p•riod ¥0 shown In th• attached fnanclal stst•ments. The charfty 1$ still In the process ol in611al devdopmènt and conlinuM tr> seek new opportuniti88 in fiJrth•rane• ol it8 obl•¢bvM. FlTran¢lal rnvl•w The charity [8 currethty In tt8 Inlb81 deNY10pmtt slage arvj the tru8tee8 Thave ensured aFvropriate Support and 8y8tsm8 are in a¢e to control income 8nd expenditure to safeguard the assets of t charrty. Plan• for f¢rturn p•rlod• Tho Iwstees, plan for the charity 18 to be in a strong finanoal p)5ilbn to able to meet its objecllves and take advantage of opwtunrtw as they ari8e.
SEWA DAY Trustee8' Annual Reportlcryrf Year ended 31st March 2022 The trustees, anNal reKyl apwo¥ed on 30th Uary 2023 81gned on behalf of the board of trustees by: Mr Sanjay Vadhera Tfustse
SEWA DAY Independent Examlnefs Report to the Trustees of SEWA DAY Year ended 31st March 2022 I report lo the trustees on nry e¥mInab0n of the an¢1 statements of SEWA DAY (e ¢harity'l for the year ended 3181 March 2022. R•sponslbllltlos and ba818 of voport s the trustees of the chanty y¢JJ are responsibfe for the preparation of the finanryal statements in accor(lance wth the requKements of the Charities Act 2011 {Ihe Acfl. I report in respect of my examinat of the chaTrty¥ financia staterrEnts carried (xrt under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Chanty ComnNssK)n und¥ SeCtjn 14515llb} ofthe Act Independent examlnets $1atement I have compkted my examination. l ¢fiM that no maten.al matters have come to my attention in connection wth the examinati¢)n giving me uSe to believe th in any mial re8rÉ accounting recc*ds were not kept in resFat of the chty as required by Sect 130 of the t". or the finanaal statements do not aCd with those re(¥rfd$" or the financtal statements do not compty wth the applcable requtrements conceming the fom and content of accounts set cojt in the Charilies (Accounts and Reports} Regulatsons 2008 other than any requirement that the aCxInts give a and fair ¥1 vthich is not a matter considered as part of an independent examination. I have no ¢oncems and have come auoss rKJ 9th mattw5 in Connecti¢ IAith the examinaOn lo vh)ich attention should be drabvn in this repirt order to enabk a proper understanding of the accounts to be reached. Mr Vivek Ka[r Indepondent Examlner 8th Floor 167 Fleet Street London CC4A ZEA
SEWA DAY 8tstsment of Financlal Actlvltles Year ended 31st March 2022 2022 2021 funds fiJrKls T¢)tsl funds Totsl fund8 Income and •ndo*Tr•nts Donations and legacie8 Tot•1 Incm• 21.183 42.209 63,392 63.392 252.273 21.183 42.209 252.273 Exp•ndltu Expenditure on charitsble aclivill•$ Total 0xnd1 330 19,258 19.588 141.630 330 19.258 19,588 141.630 Not Incom• rnt mov•m•nt In fund• 20.853 22,951 43,804 110.643 R•conclllatlon of fund• Totsl funds brought forw8 Total fund8 c•ftl•d fomrd 96217 117.070 3.245 26.196 99,462 143,286 {11,181) 99,462 The statement of financial actlvbtle8 Includ all n# and10$8es rwnl8•d kn the yaar. l income and exponditure derive from continLMng activitiès. Th• not•• on pa9•• 1 tt• 11 lomi rtof IlThqD¢lal •t•tem•nts.
SEWA DAY Statement of Flnaneial Poshlon 31st March 2022 2022 2021 Currnnt ass•ts Cash 8t bank and in hand 159.266 115,462 Creditors: amounts falling dug *lthln on• year Net curr•nt sets 16,OC(¢ 143,266 16.01)0 99,462 Total assets I# currgrrt liabllitiO9 143.266 99,462 Fund5 of tho ¢harfty Resthcted funds Unreslricled fvnds 28,196 117.070 3.245 96,217 99,462 Total Charity fund¥ 11 143266 These financial statements were approved by the tKArd of trustees and authortsed for issue on 30th January 2023. and are signed on betta of the board by: 4odl Mr Sanjay Vadhera Trustee Th• notss oo pag•6 6 10 11 forni p•rt olth••• flMrKlal Statemts.
SEWA DAY Notss to the Financial Statements Year ended 31st March 2022 G•n•ral Infornmtlon The charity is a public benefft entity and a registpJed charity in Enand and Wale$ and is unincorForaled. The address of the pri1 offKe 1$ 8th Fh>)r. 167 F1 Street, London, EC4A 2EA, UK. I Statomont of compllan¢• These financial ststements have been prepared in Complian ¥th FRS 102, The Financial Reporting Standard applicable in the UK a1 the Republic of Ireland,, the Statement of Recommended pract applicable to ch8ftties weparirKJ their aceL)unts in accorrjance with the Financsal Reporting Standard applicab in the UK and Republic of Irdand (FRS 102) (Charitjes SORP IFRS 102)) and the Chartties 2011. Accountlng P¢1 Basis of pryration The finawal statements have wepared on the histori¢31 ¢08t basis. as modified by the revaluatson of certain finanual assets and labilibes and Inveslment Properties measured at fair value through income or eXprture. The financial statements are prepared in sterting. wtiich is Ihe functional of the enlty. Golng c¢)ncom There are no material uncertainties aboutthe chanty'$ ability lo conts"nue. Judgements and key $I)ur8 of estimatlon ertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Thèse estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are telieved to be reasonable under the cirojmstares. Fund accounting Unrestricted fijnds a aVailae for use at the dis(xeliw of the trustees to further any o the harity's purposes. Designated fvnd5 are Unrestri fur¥ eatmarked by the trustees for particukr fire proiect cr Gomtk3ltmerkt. Re8trKted JrKls are subjected to restrKiiM$ on their exrture dedared by the donor or through the term$ of an appeal. aTrJ fall into one of Iwo sutTrclaes.' restricted income fvnds or endowment knd5.
SEWA DAY Notss to the Financial Statements Year ended 31st March 2022 AcGountlng pollclos (¢th• InGomlrvJ resour8 Al lrtornlng resources are Included In the statement of actr¥itiès vlthèn entitlement has passed to the tharity,. it is W(the thal the &rMi¢ beneffts a880ckgled wbth thè trangaclion 11 flow lo the charity and the amount Gan be reliabty meawjred. The folb)wg spwfic policies are aPpld lo particular orie5 of inco.. income from donatkn or grts is recognised when there Is evideThx of entItment lo tr gft. receipt Is wobotde and 18 am(Wl can be measured rthlabty. Acy Income 1$ r•¢ogni$ed vthen r•cW18 probable and ontrUerrt is e8tabll8hed. income from donated goods ro mea8ur8d at thè fglr ¥8 of the goods unle86 thlg $8 imwxtical to masure reliably. in thIch case the valuè is dtsrNod from the cost to the donor or the estimated resale value. Donated faulilies and services are rewgniseil in the accthjnts 1Ved rf value ¢an be m•a8urnd. No amounts are included for the contribution of general voluntsors. Income from contracts lor tr suppty of servke8 h re¢ognised wth the del¢very of the contractsd seNce. This is dassrfd as unrestricted funds Un$8 is a contractual requirement for it to bé Snt on a p¥tiCar purp08e and r0Med if unspent, In lch cage it may be regarded a8 restrlcted. R••ourcM exp•nd•d Expen1re Is rOgniSed on an acL¥ual8 ba81& 88 a rlIty iry incurred. Exyndituro InGlude$ any VAT cannot be fijlly recovered, and 18 classrw urKler headin98 of the 8ts1oment of financlal aCtIva9 lo whbch tt rdat•J: expenditure on rain9 fvnds indude8 the coth of all fvrHlrnl8lng Xtr¥5$. gvents, n0Trthar1lab tradlng aCti¥itiv. arKI the sale of donated goods. exponditure on chaTftable activthes incl8$ all ¢osts incued by a ch8rity in undertaklng activities th8t furth¢r 11$ tharilable aims for the benefit of its beneficl8rie$. In¢dIng those 8UPPOrt coslg and ¢osts relattng to the govemancé of th• charity apwtionéd to tharitabl? acttvittes. other expenditure includes all expenditure that is nerther related to raising fiJnd8 for th? 4>h•rity nor part of It• •xp•rtdrtr• •• ¢h•rit•blo aotivitea. AII c08ts aré alloc&ed to eXdthre ¢ategryies rellecllng the us8 of resource. Dlrect costs attributable to a singl• activity 8re alkxatf•J dir* to that activity. Shared costs are apportioned betsveen the actlviti.es they ¢ontrknJte to on a reasorbable, jusbfiable and con8islent basis. Govommort grnnts Govemment grants are recognised at the fair value of the asset receNed or rèceivabto. Grants a not recognised until there iy reasonable assurance that th• charity VAII comply with the COndlOn$ attaching to them and tr grants be recefved.
SEWA DAY Notss to thg Financial Statements (cwtkn Year ended 31st March 2022 ACUnI1n9 (¢¢tV Vthere the grant d¢XS not impose 8pecfvd fire perfomaneewrelated conditions on the recipéent. rt 1$ rQgnISed in income the grant pro¢eed$ are received or receivable. Where the grant the$ impose spe&fied ffiJtU pttfmnce-related condthons on the elplent, it 1$ recognised in income onty vthen the PnCe4elated condrtions have been met. Where grants recep4ed are to satisfyYwJ thè reNYnue recogniiion crbteria, Itw am recognised a$ a liability. FIMnel•l In•trwn•nts A fln8ncl81 asset or a finanryal liabilty is recogrl8ed orty th8 charity become8 a paity to the contractual prows8 of the InStruMt. Bas financial irffjtrumth are iiNllaly recognised at the amoutt recelv8ble or payable includlrvj any related transaction co8ts. Current a$¥ets and current Ilabllitle5 are subsequty mea8ured •t th• c•¥h or oth•r consideration expected to be paid or rg¢eNed and not dlscounted. D•bt Instruments are 8L8tyuty me88ured at amortlsed co8L ere investments In 8hare8 are publicty traded Of th•k falr value can othee be measured reliably. the investrnont is sUbsequenY mea$ured at falr value with changes In falr value recognised In incomè arwj expenditurn. All sh wwgstrnents are 8ub8•quenY measured al C081 less Impalmi•nL Other fin8nci81 in$trument$, Includlng dorivativ•s. ar• inalty rncogn18ed al fair value. unle$8 payment for an as is deferred beyond nom)al businèss terms or finonced 4t a rate of Inter051 that18 not a market rats, in wthich 88 the asset is m8a8ured at the pr8¥ent value of the future payments discounted at a market rate of ir)t6re$l for a slml debt Instrumènt. Other flnancial instruments are 8ubsequently measured at falr value. th arry changes recogni8ed in the ststemenl ol financial acilvrfles. lh• •xceptw of hedging InslnJmenl$ in de81gnaled h¢dging relattonship. Financial assets that are measured #l cost or amortised cost are reviewed for objethe trdence ol Imp8im)8nl at the end of e8ch reporting date. If there is objecti've evfvaence of impairmen( an Smpairment loss is rècogni$èd under the approNlat• h•adino In the #t8tement of finAncl81 vttles In whth the Inltlal gdn WA¥ recognid. For all equty instruments regardtess of SI1ficanCe, and Othgr financial assets that a Individually 9n¢9nt, these We assessed wvjividualty for Impairment. Other financial $sets are either assessed indivrdualty or WUFed on tho ba#1$ of crndtt r18k characteri¥tics. Any reversal8 of impaient are reco9nised immediately, tt) the extent that the rever¥al does not resuh in a carying amount of the financial asset Ihat exc4ed8 the carryirwj amount wuld have been had the impaimi•nt not pwou$ty l)een recogni$•d.
SEWA DAY Notes to tho Financial Stat•ments fe Year ended 318t March 2022 Unrestricted Funds Restricted Total Fund• Funds 2022 Donatlons Donalb)n5 receivable 21,183 21.183 Grants Govemment grant ino)me 42.209 42,209 63.392 21.183 42,209 Urwestrided Restrthd Total Funds Fund$ Funds 2021 Donatio Donations receivable 151.095 151.095 Grants Govemment gyanl Income 101.178 101.178 101.178 151.095 252.273 Exp•nditiFr• on ¢lwfltable aclivitm by fund typ• Unrestri Restricted Totsl Funds FurKIs Funds 2022 Sewa Day Volunteering Support costs 18,381 87T 18,381 1.207 330 330 19,258 19.588 unrestn¢ Restricted Total Funds Funds Fund$ 2021 Sewa Day Volunteering Support costs 40.260 192 101.178 141.437 193 40.45Z 1Q1.ITO 141.630 Expondlth on dwrftabh a¢tfvlll•8 ty acllvity ty undertaken dIY SupprKt Costs Totsl ftAKls Total fiJnd 2022 2021 Sevra Day Vdunteethg Govemance costs 18.381 18.381 1.207 141,437 193 1.207 18.381 1.207 19.588 141,630
SEWA DAY Notes to the Flnanclal Slatem•nts Year ended 31st March 2022 staff The average head count of erFpknyee5 thwing the year was (2021.. Nif). No employee received employee beneffts ofm(we than £60.000 during the year12021.' Nil). Tnts• r•muneratit)n and exponsos No remunerath)n or Ot beneffts from employrrrt wilh the thatrty or a related entity were received ty the trustees. No trustee expenses have been inrred. Cr•ditorn: amounts fallkng within on• year 2022 2021 Other creditors 16.000 16,0fy) 10. Govemmont grants The amounts recognised in the Ik)ancial st*ments for govwnment grants are as foll(hvs: 2022 2021 Recognised in income from d¢allonS and Wes: Government grants irrne 42.209 101,178 11. Analysi$ of Chariiabk fvnds Unrestricted funds At 31st March 2 022 At 1st April 2021 Income Expenditure General fijnds 96217 21,183 1330) 117,070 At J1 at Marh 20 1stApril 2020 IrKome Exwditure 21 General fvnds 114,426) 151.095 (40,452) 96,217 10
SEWA DAY Notes to the Financial Statements Year •nded 31st March 2022 11. Anatysis of charilabl• fund ltsstrlctod fvnds At 31s1 March 2 022 1st Awil 2021 IrKonw Expenditure SEWA DAY Projects 3245 42.209 {19.2581 26,196 Al 31st March 20 21 1st Awil 2 Incomè Expendhuro SEWA DAY Pro5• 3.245 101.178 (101,1781 3,245 12. Anaty•l of n•t ••••ts b•iwn UNestrXed Rostrthd Tolal Funds Funds Fund8 2022 Current assets Creditors less than 1 year 133.070 (16.000) 117.070 26.196 159,266 {16,0001 143.266 28,196 Unre•tr1ed R•strkted Totsl Funds Fund• Funds 2021 Current 188ets Credit¢Ns less than 1 y•4r N•t a•••ts 112.217 {18.000) 96.217 3.245 115,482 {16,0001 99,462 3.245 13. R•l*t•d parth• Oth•r Creditors comw18e8 of a104n amounllng to £16.000 7ththlch wa8 advanced to the Charity by Mr M4noj Ladwa, an ex-Tntstee. The ban18 intere8t-fr00. The balance 48 at 31 March 2022 was £16,000 (31 March 2021: £16,000).