CHARITY REGISTRATION NUMBER: 1149630 NARAYAN SEVA SANSTHAN UK Unaudited Financial Statements 31 December 2024 AMIN PATEL & SHA Accountants 334- 336 Goswell Road London EC1V 7RP LTD
NARAYAN SEVA SANSTHAN UK Financial Statements Year ended 31 December 2024 Page Trustees, annual report Statement of financial activities Statement of financial position statement of cash flows Notes to the financial statements The following pages do not fonn part of the financial statements Accountants report to NARAYAN SEVA SANSTHAN UK on the unaudited financial information 14 Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 16
Page 1 NARAYAN SEVA SANSTHAN UK Trustees. Annual Report Year ended 31 December 2024 The trustees present their report and th8 unaudited financial ststements of the charity for the year ended 31 December 2024. Reference and administrative detalls Règistered charlty name NARAYAN SEVA SANSTHAN UK Charity registration number 1149630 Prlncipal offi¢• 68-76 Belgrave Road London SW1V2BP Th• trusteos Mr B.P. Patel Mr B Krishen Accountants AMIN PATEL & SHAH LTD Accountants 334 - 336 Goswell Road London EC1V 7RP StruGturn, governance and management Governing Document The Charity is an unincorporated organisation governed by a Trust Deed dated 1 st 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 good mix of skills from the business,social and voluntary sectors.The number of Trustees shall be not less than two and not more than five. Twstee Induction and Training The Charity has a comprehensive trustee induction program that Covers all aspects of responsiblllties, policy and procedures. Organisational Structure The trustees manage day to day operations and have overall responsibility for the strategic direction, policy. human and financial resources of the charity.
Page 2 NARAYAN SEVA SANSTHAN UK Trustees. Annual Report (contlnued) Year ended 31 December 2024 Objéctives and activities The objects of the charity are: a.) To relieve finsncial hardship, distress and suffering among poor people. widows. orphans, refugees, victims of natural disasters and other people in need, by means of, but not exclusively, making grants or loans for providing or paying for ilems, equipment, services and facilities, including the provision of food. water. clothing. medical treatment, rehabilitstion and accommodation for the said persons., b.) To advance education for the benefSt of the poor, the underprlvlleged and people in need by (but not limited tol, the assistance in the provision of educational actlvlties and facilities such as literacy centres; c.) To relieve sickness and to preserve good health among poor people, orphans, widows, the blind, the disabled and people in need, by means of, but not exclusively, the provision of facilities or services for treatment, financial assistance, support, education, practical advice and counseling,. d.) The relief of flnancial need and suffering among vlctims of natural or olher kinds of disaster in the form of money (or other means deemed suitable) for persons, bodies, organisations andlor countries affected including the provision of medical aid. e.) Any such other purposes deemed charitable by the law of England and Wales as the trustees shall from time to time determine. Achi•v•rnents and perforrnanco Key achievements of the charity has been., Educatlon a.) Additional facilities acqulred for the training of people in carpentry, black-smlth trade and leather- work. b.) Provision of tools and raw materials. c.) Provlslon of children school clothlng, books and stationary. d.) Organising exposilions on Ramayana, puranas etc with the purpose of spreading the message of humanity. Health a.) Maintaining a rnobile medical care unit equipped with all the necessary modern facilities that is ready to go at any time. b.) Providing medications and vaccinations such as polio vaccines to the most rural areas. Community development a.) Over 600 children have been taken care and sent back to the main social stream.
Page 3 NARAYAN SEVA SANSTHAN UK Trustees. Annual Report (continued) Year ended 31 December 2024 Financial rèvi Principal funding sources The principal funding sources for the charity are currently by way of individual donations via standing orders or cash and cheque payments. Aside from retaining a prudent amount in unrestricted funds each year most of the charitls funds are sent to its partner organisation in India called Narayan Seva Sansthan Udaipur in futherance of the charity and supportlng its key objectives, The trustees are satisfied that the charitys assets are available and adequate to fulfil Its obligations. The trustees consider the financial performance by the charity during the year to have been saiisfactory. Net incoming resources and the financial position of the charity are as per pages 6 and 7. Plans for future p•rlods The charity aims to create more training facilities to cope with the ever more increasing demand as more people are Introduced to the organisation from hospitals and rehabilitstion facilities. It also wants to purchase a few more mobile medical care units as demand for its services is increasing rapidly and to reach further rural areas. The trustees, annual report was approved on 30 October 2025 and signed on behalf of the board of trustees by: Mr B.P. Patel Trustee Mr B Krishen Trustee
Page 4 NARAYAN SEVA SANSTHAN UK Statement of Financial Actlvities Year ended 31 December 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowmants Donations and legacies Total Income 534,079 534,079 534,079 600,077 534,079 600,077 Expèndituré Expenditure on raising funds.. Investment management cosis Expenditure on charitable activities Total expendltur6 (345.750) (345,750) (415,476) (185.774) (185,774) (172,703) (531,524) (531,524) (588,179) Net Income and n•t mov•ment In funds 2.555 2,555 11,898 Reconclllation of funds Total funds brought forward Total funds carrled forward 35,348 37,903 35,348 37,903 23,450 35,348 The ststement of financial 8Ctivities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note5 on page5 7 to 12 form part of these flnanclal Statements.
Page 5 NARAYAN SEVA SANSTHAN UK Statement of Financlal Position 31 December 2024 2024 2023 Fixed assets Tangible fixed assets 11 857 Current assets Debtors Cash at bank and in hand 12 17.726 29,179 46,905 17,691 21,287 38,978 Creditors: amounts falllng due within one year Net current a88et8 13 9.645 4,487 37,260 37,903 34,491 35,348 Total assets less current Ilabilitios Funds of the charlty Unrestricted funds 37,903 35,348 Total Charlty fund8 15 37,903 35,348 These financial statements were approved by the board of trustees and authorised for issue on 30 October 2025, and are signed on behalf of the board by: Mr B.P. Patel Trusiee Mr B Krishen Trustee The notes on pages 7 to 12 form part of those flnancial statements.
Page 6 NARAYAN SEVA SANSTHAN UK Statement of Cash Flows Year ended 31 December 2024 2024 2023 Cash flows from oporating activities Net income 2,555 11.898 Adjustments for.. Depreciation of tangible fixed assets Interest payable and similar charges 214 4,770 286 4,429 Changes in.. Trade and other debtors Trade and other creditors (35) 6,158 12,662 (6,753) 1,125 10.985 Cash generated from operations Interest paid Net cash from operatlng actlvitles {4,770> 7,892 (4,429) 6,556 Net increase In cash and cash equlvalonts Cash and cash •qulvalent8 at beglnnlng of year Cash and cash oqulvalents at end of year 7,892 21,287 6.556 14.731 29,179 21,287 The notes on pages 7 to 12 form part of these financial statements.
Page 7 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements Year ended 31 December 2024 General Informatlon The charity is a public benefit entity and a registered charity in England and Wales and is unincorporaled. The address of the principal Offi is 68-76 Belgrave Road, Victoria, London, SW12BP. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'Th8 Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting pollcles Ba8ls of preparatlon The financial statements have been prepared on the historical cost basis, as modrfied by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concarn There are no material uncertainties about the charitys ability to continue. Judgem•nt8 and key source8 of tIMatIon unrArtalnty The preparation of the financial statements requires management to make judgements, 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 believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to striCtl0nS on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Page 8 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements (continued) Year ended 31 December 2024 Accounting policie8 (continued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specrfic policies are applied to particular categories of income- income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is establlshed. income from donated goods is measured at the fair value of the goods unless Ihis is impraclical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classrfied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classrfied under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non- charitable trading activities, and the sale of donated goods. expenditure on charitable actlvltles includes all costs Incurred by a charity in undertaklng activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the Charlty apportioned to charitable activltles. other expenditure includes all expenditure that is neither related to ralsing funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justrfiable and consistent basis. Tangible assets All fixed assets are initially recorded at Cost. Depreciation 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 250/0 reducing balance
Page 9 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements {contlnue(l) Year ended 31 December 2024 Accounting policies (contlnuedj Impalrment of fixèd assets A review for indicators of impairment is carried out at each reporting date, with 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 for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash Inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business comblnation is, from the acquisition date, allocated to each of the cash4Jenerating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments In shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred 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 market rate of interest for a similar debt instrument. other financlal instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amort15ed cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in Ihe statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually signrficant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Page 10 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements (contlnuedj Year ended 31 December 2024 Accounting policies {ntInued) Flnanclal Instruments (contlnued) Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contrlbutions are not expected to be settled wholly within 12 months of the end of the reporting date In which the employees render the related service, the liability Is measured on a discounted present value basis. The unwinding of the discount is recognlsed as an expense In the perlod In which it arises. Donations and legacle8 Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Non Gift Aid - Donations Gift Aid Donalions Gift Aid received from HMRC 162,254 297,460 74,365 534,079 162,254 297,460 74,365 534,079 283.097 253,584 63.396 283,097 253,584 63.396 600.077 600,077 Investmont managern•nt costs Unrestricted Total Fund8 Unrestricted Total Funds Funds 2024 Funds 2023 Donations to Narayan Seva Sansthan - Udaipur Donations to other registered charities 345,000 750 345,000 750 415,000 476 415,000 476 345,750 345,750 415,476 415,476 Expenditure on charitable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Support costs 185,774 185,774 172,703 172,703
Page 11 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements (continued) Year ended 31 December 2024 Expènditure on charitablè activltles by activity type Total funds 2024 Total fund 2023 Support costs Governance costs 185,774 185,774 172,703 N•t income Net income is stated after chargingl{crediting)'. 2024 2023 Depreclation of tangible fixed assets 214 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 58.879 995 49,263 699 59,874 49,962 The average head count of employees during the year was 3 (2023.. 3). The average number of full-time equivalent employees during the year is analysed as follows: 2024 No. 2023 Number of administrative staff No employee received employee benefits of more than £60,000 during the year (2023: Nil). 10. Trustee remuneratlon and expons There was no trustees, remuneratlon or other benefits for the year ending 31 st December 2022 nor for the year ending 31st December 2021. 11. Tangible fixed asset8 Fixtures and fittings Cost At 1 January 2024 and 31 December 2024 Depreciatlon At 1 January 2024 Charge for the year At 31 December 2024 7,939 7,082 214 7,296 Carrying amount At 31 December 2024 At 31 December 2023 857
Pag• 12 NARAYAN SEVA SANSTHAN UK Notes to the Financial Statements (contind) Year ended 31 December 2024 12. Debtors 2024 2023 Other debtors 17,726 17,691 13. Creditors: amounts falling du• within one year 2024 2023 Social security and other taxes Other creditors 965 8,680 9,645 471 4,016 4,487 14. Pen8lon8 and other post retlrement benoflts Defined contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £995 (2023.. £699). 15. Analysls of charltable funds Unrn8trict•d funds At 1 January 202 At 31 Dec•mber 2024 Income Expenditure General funds 35.348 534,079 (531,524) 37,903 At 1 January 202 At 31 December 2023 Income Expenditure General funds 23,450 600,077 (588,179) 35,348 16. Analysis of changes in not debt At 1 January 202 At 31 December 2024 Cash flows Cash at bank and in hand 21,287 7,892 29,179
Page 13 NARAYAN SEVA SANSTHAN UK Management Information Year ended 31 Decomber 2024 The followlng pages do not form part of tho flnanclal 8tat•ment8.
Page 14 NARAYAN SEVA SANSTHAN UK Accountants Report to NARAYAN SEVA SANSTHAN UK on the Unaudited Financial Informatlon of NARAYAN SEVA SANSTHAN UK Year ended 31 December 2024 We have prepared for your approval the financial information of NARAYAN SEVA SANSTHAN UK for the year ended 31 December 2024, which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes from the charitls accounting records and from information and explanations you have given us. Our work has been undertaken solely to prepare for your approval the financial ststements of NARAYAN SEVA SANSTHAN UK and state those matters that we have agreed to state to you, as body, in this report in accordance with the requirements to the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NARAYAN SEVA SANSTHAN UK and Its board of trustees, 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 Ihe appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation. We have not verrfied the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information. AMIN PATEL & SHAH LTD Accountants 334 - 336 Goswell Road London EC1V 7RP 30 October 2025
Pag• 15 NARAYAN SEVA SANSTHAN UK Detailed Statement of Financlal Activities Year ended 31 December 2024 2024 2023 Income and endowmènts Donations and legaci•s Non Gift Aid - Donalions Gift Aid - Donations Gift Aid received from HMRC 162,254 297,460 74,365 534,079 283,097 253,584 63,396 600,077 Total Incomo 534,079 600,077 Expenditure Investment management costs Donations to Narayan Seva Sansthan - Udalpur Donations to other registered charities 345,000 750 415,000 476 345,750 415.476 Expandlture on charitable activities Wages and salaries Pension costs Rent Repairs and maintenance Other establishment Other office costs Depreciation Other interest payable and similar charges Religious function activities 58,879 49,263 24,357 5,104 5,164 54,670 214 4,770 31,621 185,774 24,257 9.758 4.138 49.024 286 4.429 30.849 172,703 Total •xpendlturo 531,524 588,179 Not Incomo 2,555 11,898
Paga 16 NARAYAN SEVA SANSTHAN UK Notes to the Detsiled Statement of Financial Activlties Year ended 31 December 2024 2024 2023 Expenditure on charitable actlvltles Governance costs Wageslsalaries Pension costs Premises cost Administration & support activities Collection charges Advertising Depreciation Bank charges and interest Religious function activities 58,879 49,263 24,357 5,104 5,164 54,670 214 4,770 31,621 24,257 9,758 4,138 49,024 286 4,429 30,849 185,774 172.703 Expendlture on charltable actlvltles 185,774 172.703