CHARITY REGISTRATION NUMBER: 1149630 NARAYAN SEVA SANSTHAN UK Unaudited Financial Statements 31 December 2023 PA Accountants 334 - 336 Goswell Road London EC1V 7RP
NARAYAN SEVA SANSTHAN UK Fip=r.¢ial Statsments Y•ar ended 31 December 2023 Page Trustees, annual report Slatement of financial activities Statement of financial position statement of cash flov Notes to the financial statements The following pages do not form part of the flnanclal ststements Accountsnts report to NARAYAN SEVA SANSTHAN UK on the unaudited financial informalion 14 Detailed statement of financial activities 15 Notes to the detailed ststement of financial activities 16
P•g• 1 NARAYAN SEVA SANSTHAN UK Trustoes. Annual Report Year ended 31 December 2023 The trustees present their report and the unaudited financial slalements of the charty for the year ended 31 December 2023, Roleren¢e and admlnlstrntiv• dètsi18 Reghter•d charlty nam¢ NARAYAN SEVA SANSTHAN UK Charlty roglstratlon number 1149630 Prlnclpal offlco 68-76 Belgrave Road London SW1V 2BP The tru8teO8 Mr B.P. Patel Mr B Krishen Accountsnts AMIN PATEL & SHAH LTD Accountants 334 - 336 Goswell Road London EC1V 7RP Stru¢lur¢, govemancè and m8n•gem8nt Goveming Document The Charity is an unincorporated organisation governed by a Trust Deed dated 1st October 2012. The Trust was Created by three Trustees. Recruitment and Appointment of Board of Trustee The power of appointing new or additional Trustees is vested in the Original Trustee who seeks to ensure a g¢x)d mix of skills from the business,social and voluntary $ectors.The number of Trustees shall be not less than and not more than five. Trustee Indu¢b'on and Training The Charity has a comprehensive trustee induction program that covers all aspect5 of responsibillties, policy and procedures. Organisational Stiucture The tru5tee$ manage day to day operations and have overall responslbility for the strategic direction, policy, human and fi'nancial resources of the charity.
Page 2 NARAYAN SEVA SANSTHAN UK Trustees. Annual Report fcontlnu•dJ Year ended 31 D•c•mb•r 2023 Oblectlve8 and actfvstk8 The object5 of the charity are.. a.) To lIeVe financial hard5hlp, dist$ and suffenng among poor people, wdows, orphans, refugees, victims of natural disasters and other people in need, ty means of, but not exclusively, making grants or loans for providing or paying for items, equipment, services and facillties, including the provi51on of ft)od, water, clothing. medical treatment, rehabilitation and accommodation for the said persons., b.) To advance education for the benefit of the poor. the underprivileged and people in need by (but not Ilmiled tol, the assistance in the provision of educational activities and facilities such as literacy cenlres,. c.) To relieve sickness and to preserve good heallh among poor people. orphans, wdows, the blind. the disabled and people In need. by means of, but not exclusively, the provision of facilits'8s or services for treatment. financlal assistsnce, support, education, practical advice and counseling., d.) The relief of financlal need and suffering among victims of natural of other kinds of disaster in the form of rnoney lor other means deemed suitable) for persons, bodie5, organisalions andlor countries affected includin9 the provision of medical aid., e.} Any such other purposes deemed charitable by tha law of England and Wales as the trustees shall from lime to lime determine. Achlovfrmonts and porformanc• Key achievèments of thè charity has been.. Education a.) Additn81 facilities acquired lor the training of people in carpenty, black-smith trade and leather work. b.) ProvIsn of tools and raw matèrials. c.) Provision of children SChcl clothing, books and stslionary. d.} Organising expositions on Ramayana, puranas elc with the purpose of spreading the message of humanity. Health a.) Maintaining a mobile medical care unit equipped with all the necessary modern facilities that is ready to go al any time. b.) Providing medicalp)ns and vaccinations such as polio vaccines to the m05t rural areas. Community development a.) Over 600 children have been taken care and sent back lo the main sccial stream.
Page 3 NARAYAN SEVA SANSTHAN UK Trustses, Annual Report l¢ontlnue(Q Year ended 31 December 2023 Financlal rovlew Pnncipal funding sources The principal funding SOUTces for the ¢harity are c#Jrrenlty by way of indNidual donations via standing orders or cash and cheque payments. Aside from retaining a prudent amount in unrestricted funds 8ach year most of the chanty's funds are sent to ils partner organisation in India called Narayan Seva Sansthan Udaipur in futherance of the charity and supporting its key objectives. The trustees are satisfied that the charity's assets are 8vailable and adequate lo fulfil its obligations. The trustees nSider the financial performance by the charity during the year to have been saty"sfactory. Net incoming resources and the financial position of the charity are as per pages 6 and 7. Plans for future rIodS The charity aims lo create more training fac111e9 to cope with the ever more Increasing demand as more people are introduced lo the organisation from hospitals and rehabilitatson facilittes. It also wants to purchase a few more mobile medical care units as demand for rts services is Incraasing rapidly and lo reach further rural areas. The trustees, annual report was approved on 30 October 2024 and sned on behalf of the t)oard of Irust8e5 by.. Mr B.P. P8tel Truslee Mr B Krishen Trustee
Page 4 NARAYAN SEVA SANSTHAN UK .aricial Activities Year ended 31 December 2023 2023 Unrestricted funds Total fvnd¥ Total fvnds 2022 Income and endowments Donallons and legacles Totsl In¢ome 600,077 800,077 600.077 462,774 600,077 462,774 Expendlturn Expenditure on raising funds.. Investment management costs Expendrture on Charitab aclNllies Tolal •xpondlture 415,476 172,703 588,179 415,476 172.703 359,051 138,517 497,568 688,179 Not Incomoll•xpondlturnl and net movement In funds 11.898 11.898 134,7941 Reconclllatlon of fund• Total funds brought forward Total fund• ¢•rrt•d forward 23.450 35.348 23.450 35,348 58,244 23,450 The statement of financial activllies includes all gains and losses recognlsed in the year. All income and expenditure derlve from continuln9 aclivitK88. The n¢to9 on pag•$ 7 to 12 fom) part ofth¢8• fln•nclal stat•mgnts.
Page 5 NARAYAN SEVA SANSTHAN UK ststement of Financial Position 31 Decembar 2023 2023 2022 Fixed aets Tangible fixed assets 837 1,143 Current assets Debtors Cash at bank and in hand 12 17,691 21,287 38,978 10,938 14,731 25,669 Cr8dltOfS: amounts falllng due within one yoar Not Current assets 13 3,362 22,307 23.450 34,491 35,348 Total 088ats less curront Ilabllltlo• Fund• of the charlty Unreslricled funds 35,348 36,348 23,450 23,450 Tolal Charity fund¥ 13 These financial statements were approved by th8 board of trustees and aulhorised for issue on 30 OGlober 2024, and are signed on behalf of the board by.. Mr B.P. Patel Trustee Mr B Krishen Trustee Tho notss on Pa 7 to 12 fom) part of th•so flnancial statsm•nt8.
Paga 6 NARAYAN SEVA SANSTHAN UK Statement of Cas.. . .-.. Year ended 31 December 2023 2023 2022 Cash flo from op•ratlng activlti Nel incomellexpenditur61 11,898 134,7941 Adjuslm8nts for.. Depreciation of tangible fixed assets Interest payable and similar charges 286 4,429 381 3,619 Ch8ngas in.. Trade and other debtors Tr&Je and other creditors 16,753) 1,125 10,985 4,380 3,048 123,3661 Cash generated from operats'on8 nleresl paid Net cash Iromllusod in) operating activities 14,429) 6,556 {3,6191 126,9851 N•1 Increaselld•crn•8el In ca•h and ¢a8h equlvalents Ca•h and cash equlvalent• at boglnnlng of yèar Ca•h and cash •qulval•nts at end of y•ar 6,566 14,731 21,287 126,9851 41,716 14,731 The notss on pa9 7 to 12 fonn part ol these flnanclal statements.
Pago 7 NARAYAN SEVA SANSTHAN UK Notes to the Financial Ststomonts Year ended 31 Decemb•r 2023 Goneral Informatlon The chanty is a public benefit enbty and a registered challty in England and Wales and is unincorporated. The addsS ol the principal office 1$ 68-76 Belgrave Road, Victoria, London, SW12BP. statem•nt of compllan¢e These financial statements have been prepared in compliance vAth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP {FRS 10211 and the Charities Act 2011. Accounting policl Bas18 of preparatlon The financial statements have been prepared on the historical cost basis. as modified by the valuation of certain financial assets and liabilltles and investrn8nt properties measured al fair value through income or 8xpendlture. The financial statements are prepared in sterling, which is the functional Gurrency of the entty. Golng con¢orn There are no material unGertainti8s about the charity's abilty to continue. Judgemonts Ond koy iourcH of e•tlmatlon uncgrtalnty The preparation of the financial statements requires rnanagemenl to make judgemènts, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are belleved lo te reasonable under the circumstsnc8S. Fund accountlng Unrestricted funds are available for use at the dlscrelion of the trustees to fvrther any of the charivs purpose5. Designated funds are unrestricted funds eam)arked by the trustee$ for p8rticular future prolecl or commitmenL Restncted fund5 are subjected to reslri¢tlons on their expendilufe declared by the donor or through the terms of an appeal. and fall into one of tsvo sub-classes.. re8tricted income funds or endowment fvnds.
Page 8 NARAYAN SEVA SANSTHAN UK Notes to the Flnanclal Statements Y•ar onded 31 Decomber 2023 Accountlng policles feondnu•dJ Incomlng r880urc All incoming resources are included in the statement of financial activrties vthen 8ntiUement has passed lo the charity., it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to parbcular categones of income.. Income from donations or grants is recognised Nthen there is evidence of entitlement to the gift, ro¢elpt is probable and its amount can be measured reliably. legacy Income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the g¢)ods unless this is impractical to measure reliably, In which case the value is derived from the ¢ost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts a included for the contribution of general volunteers. income from ntraCt9 frjr the supply of servic88 is reCognd wth the delivery of the ¢onlracled service. This is classified as unreslricled funds unless there is a contractual requirnent for Il to be spent on a parb'cuiar purpose and relumed if unspent, in which case it may be regarded as restricted. Resourc•8 expended Expendrture is recognised on an accruals basi5 as a liability is incurred. Expenditure Includes any VAT which cannot be fully coVered, and is classified under headings of the ststemenl of financial a¢tivities to which it relates., expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activitses, and the sale of donated gijods. expenditure on charitable activities include5 all wsls incurred by a charity in undertaking activities that further rts charilabb aims for the benefit of its beneficiaries, including those support costs and costs relating to the govgmance of the charity apportioned lo charitable activits'es. other expendrt includes all expenditure that is neith8r related lo raising fijnds for the chaTty nor part of its expenditure on ¢haritsble activitl85. All costs are allocated to expendituie categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocaled directly to that activity. Shared costs are apportioned betsveen the activities they contribute to on a 8$onable, justifiablè and consistent basis. T•ngiblo a890ts All fixed asset5 are initially recorded al cost. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings 25% reducing balanr
Page 9 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements fc¢7ntlnu8dJ Year ended 31 December 2023 Accountlng pollclos (c¢>nlinuedJ Impairmollt of fixed assets A reVW for indlcators of impairment is carried out at each rewrting date, wth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed tor possible reversal al each reporting date. For the purposes of impaimient lests'ng, when it Is not po$$ible to estimate the re¢overable amount of an individual asset. an estimate is made of the recoverable amount of the cash- generating unil lo which the asset belongs. The cash-generaling unil is the smallest idents'fiable group of assets that includes the asset and generates cash inflowg that largely independent of the cash InOw9 from other assets or groups of 8ssets. For imp8irmenl testing of goodwill, the goodwill acquired in a business combinatson is, from the acquisrtion date, allocated lo each of the cash-generating units that are expected to benelit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are atsned lo those units. Flnanclal In8trumonts A financial asset or a financial liability is recognised only when the charity become$ a paty to the contractual provisions of the instwment. 8asic financial instruments are initially recognised al thè amounl receivabla Of payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other conSideratn expected to be paid or feoeived and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shaS are publicly traded or their fair value can otherwise be measvred rellably. the investment Is subsequently measurèd al fair value wth changes in fair valu8 recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instrumen15, including derivatives, are initially recognised at fair value, unless payment for an asset is deferd beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset Is measured at the present value of the future payments discounted at a rnarkel rate of interest for a similar debt instrument. Other financial instruments are subsequently measured al fair value, wth any changes ¢ogni$ed in the slalemenl of financial activities, with the ex¢eplion of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are remewed for objective evKJence of impaimienl at the end of each reporting dale. If there is objective evidence of impairment, an impaimenl loss is cOgnised under the appropriate heading in the statement of financial actsvitses in which the initial gain was recognised. For all equity instruments regardless of significan¢&, and other financial assets that are individually significant. these are assessed individually for impainnent. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Paga 10 NARAYAN SEVA SANSTHAN UK Notes to the Flnanclal Statements fcontlnu•d} Year ended 31 December 2023 A¢countlng poll¢les (contlnued) Flnanclal Instrumont• (contlnu¢d) Any reversals of impaimi8nt are recognised immediatety, to the extent that the reversal does not result in a carrying amount of the financial 8Sgel that exceed5 what the carying amount would have been had the impairment not previousty been recognised. D•finod contrlbutlon plan8 Contributions to d8fined contribution plang are recognised as an expense in the period in which the related Servi is provided. Prepaid contributions are recogniged as an asset to the exlenl that the prepayment wlll lead to a reduction in lthure payments or a cash refund. When Contribubons are not expected to be setded wholly within 12 months of the end of the reporting date in which the employees rendef the r81ated service. the liabllity is measured on a discounted Psent value basis. The unwindlng of the discount is recogned as an expense in the period in which il arises. 4. Donatlon• and logaclg8 Unrestricted Total Funds Unrestrfcted Total Funds Funds 2023 Funds 2022 Donatlo Non Gift Aid - Donations Gift Aid - Donations Gift Aid ceIVed from HMRC 283.097 253,584 63,396 283.097 263.584 63.396 199,314 210,768 52,692 462,774 199,314 210,768 52,692 462,774 600,077 600,077 Inveltmenl management cost• Unrestricted Totsl Fund• Unrestricted Total Funds Funds 2023 Funds 2022 Donations lo Narayan Seva Sanslhan - Udaipur Donations lo other registered charities 415,000 476 416.000 476 357,000 2,051 359,051 357,000 2,051 359,051 415.476 415,476 Expendlture on charltable •ctlviti08 by fund type Unrestricted Total Fund8 UnrestriGted Total Funds Funds 2023 Fund5 2022 Support costs 172,703 172,703 138,517 138,517
Page 11 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements f¢onllnu6d) Year ended 31 December 2023 Expendlture on charitable actlvttle8 by actlvlty type Total fund8 2023 Total fund 2022 Support costs Govemance costs 172,703 172,703 138,517 14ot In¢omellexpendituro) Net incomellexpenditurel is stated after chargingllcreditingl.. 2023 2022 Depreciation of tanglble fixed a6sels 286 381 Sl•ff CtA The average head count of employees during the y8ar was 3 {2022'. 21. The average number of full-time equivalent employees dun'ng the year is analysed as follows.. 2023 2022 No. No. Number of administratlve staff No employee received 8mploye8 benefits of rn0 than £60,000 during the year12022'. Nill. 10. Tru¥te• remun•ratlon •nd oxpen•g1 There was no trusl88s' remuneration or other benefits for the year ending 31st December 2023 nor for the year ending 31 st December 2022. 11. Tangiblo fixod a•Mt• Fixtures and fittings Totsl C08t At 1 January 2023 and 31 December 2023 Depreclatlon At 1 January 2023 Charge for the year At 31 December 2023 7,939 7,939 6,796 286 6,796 286 7,082 7,082 Carrying amount At 31 December 2023 857 857 At 31 December 2022 1,143 1,143 12. D•blors 2023 2022 Other debtors 17,691 10,938
Pago 12 NARAYAN SEVA SANSTHAN UK Note8 to the Financial Ststements (¢oftllnu•d) Y•ar •ndod 31 December 2023 13. Credltor8: amounts falllng du• within one year 2023 2022 Social Security and other taxes Other creditors 471 4.016 4087 223 3,139 3,362 14. Penslon• and oth•r post retlr•ment bonoflt• Deflned conlrlbutlon plans The amount recognised in ineome or expenditure as an exp&nse in r&lation to defined contribution plans was £69912022. £3931. 15. Analy•l• of charltabl• funds Unr•8trl¢ted fund• Al 1 January 202 At 31 Dgcemb•r 2023 Income Expenditur& General funds 23,450 600,077 1588.179} 35,348 At 1 January 202 At 31 December 2022 Income Expenditure General funds 58.244 482.774 1497,5681 23,450 16. Anaty$l8 ol ¢hang•8 In not debt At Al 1 Jan 2023 Cash flows 31 Dec 2023 Cash at bank and in harKI 14,731 6,556 21,287
Pag• 13 NARAYAN SEVA SANSTHAN UK Management Information Year ended 31 Dacomber 2023 Th• followlng pagm do not lomi part of th• fln•ncl•l ststsm•nt•.
Page 14 NARAYAN SEVA SANSTHAN UK Accountants Report to NARAYAN SEVA SANSTHAN UK on the Unaudlt•d Financial Information of NARAYAN SEVA SANSTHAN UK Year ended 31 December 2023 We have prepared for your approval the fi'nancial infomation of NARAYAN SEVA SANSTHAN UK for the year ended 310ecember 2023, which ¢omprise the statement of hnancial 8clivities, ststement of financial position, statsment of cash flows and the related notes from the charity's accounting records and from information and explanations you have given us. Our work has been undertaken solely to prepare for your approval the financial slalements of NARAYAN SEVA SANSTHAN UK and slate those matters that we have ¥ged to stale to you, as a body, in this POrt in aGcordanGe with the requirements to the fUlst extent permitted by law, we do not accept or assume responsibility to anyone other than NARAYAN SEVA SANSTHAN UK and its b08rd of Iruslees, as a body, for our work or for this report. You have approved the financial information for the year and have acknowledged your responsibility for it, for the approprialen8ss of the financial reporting framework adopted and for providing all informalJons and explanats'ons necessary for ils compilation. We have not verified the accuracy or completeness of the acGounling records or inlomialion and explanations you have given to us and we do not, therefore, express any opInn on the financial information, AMIN PATEL & SHAH LTD Accountants 334- 336 Goswell Road London EC1V 7RP
Page 15 NARAYAN SEVA SANSTHAN UK Detailed Statement of Financial Activities Year ended 31 December 2023 2023 2022 Income and endowments Donatlons And legacles Non Gift Aid- Donations Gift Aid - DonatKJns Gift Aid received from HMRC 283,097 253,584 63,396 600,077 199,314 210.768 52.692 462,774 Total Income 600,077 462,774 Expondlture Inve8tmenl managem•nt eo•ts Donations to Narayan Seva Sanslhan - Udaipur Donations to other registered charities 416,000 478 357,000 2,051 359.051 415876 Exp•ndlturo on charltable actlvltl08 Wages and salar Pension costs Rent Repairs and maintenance Other establishment other office Costs Depreciation other interest payable and slmllar charges Relig8 fuction activities 49,263 699 24,257 9,758 4,138 49,024 286 4N29 30,849 172,703 30,084 393 21,318 2,998 6,127 42,325 381 3,619 31.272 138,517 Totsl •xpendlturn 688,179 497,568 Not Incomgllexp?ndbtur•> 11,898 134,7941
Pago 18 NARAYAN SEVA SANSTHAN UK Notes to the Detailed Statement of Financial Activit1•8 Year endod 31 De¢ember 2023 2023 2022 Expendltur• on charit•bl• activitie8 Governanco costs Wageslsalaries Pension costs Premises cost Administration & support aclvllies Collection charge$ Advertising Deprwation Bank charges and Interest Religious function activitie5 49,263 699 24,257 9,758 4,138 49,024 286 4.429 30,849 172,703 30,084 393 21,318 2,998 6,127 42,325 381 3,619 31,272 138.517 Expendllurn on ch•rftabh •¢tlvltl 172,703 138,517