2020-12-31-accounts - Navnat Vanik Association Of The United Kingdom

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				Page
Report of	the Trustees		1	to	13
Report of	the Independent Auditors		14	to	16
Statement	of Financial	Activities		17
Statement	of Financial	Position		18
Statement	of Cash Flows			19
Notes to the Statement		of Cash Flows		20
Notes to the Financial		Statements	21	to	35
Detailed Statement of		Financial Activities	36	to	38

committees and their obj	ects are:
Building committee	To maintain	and refurbish the Navnat		Centre
Health and Safety	To advise EC on all H &		S matters. To	ensure	Navnat follows			all relevant
Committee	H &S guidelines
ITcommittee	To manage	the Charity's	website
Editorial committee	To manage	the Charity's	newsletter and other associated				publications
Grievance committee	Independent	mediation	body to resolve any grievances			from		EC
	members.
The Executive Committee	may at times	also appoint	other persons	/ support groups			in order to manage
special events, such as Paryushan, Janmashtami, Building Projects etc.

						2020	2019
				Unrestricted	Restricted	Tota I	Total
				funds	funds	funds	funds
			Notes	E		E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	70,670	177,061	247,731	58,852
Charitable activities
Income of NVA affiliates					69,238	69,238	165,418
Religious functions				28,058		28,058	66,717
Social and cultural functions				10,600		10,600	12,882
Darpan and other charitable	activities			2,512		2,512	4,079
Other trading activities			3	221,694		221,694	347,707
Investment income			4	11,064		11,064	7,313
Total				344,598	246,299	590,897	662,968
EXPENDITURE ON
Raising funds			6	51,959		51,959	56,365
Charitable activities
Religious functions				118,771	46,735	165,506	241,619
Social and cultural functions				19,126		19,126	52,364
Expenditure by NVA affiliates					31,642	31,642	145,343
Other Expenses				8,370		8,370	15,333
Building					55,461	55,461	53,659
Total				198,226	133,838	332,064	564,683
NET INCOME				146,372	112,461	258,833	98,285
Transfers between funds			17	2,001	(2,001)
Net movement in funds				148,373	110,460	258,833	98,285
RECONCILIATION OF FUNDS
Total funds brought forward			1,273,631		3,480,899	4,754,530	4,656,245
TOTAL FUNDS CARRIED FORWARD			1,422,004		3,591,359	5,013,363	4,754,530

				2020	2019
		Unrestricted	Restricted	Total	Total
	Notes	funds	funds f	funds f	funds f
RXEDASSETS
Tangible assets	13	75,069	3.'I70,983	3.246,052	3496,886
Invcetments	14	1,1'l8,204	369.630	1,487.834	981,988
		1,193273	3.540„613	4.733486	4.278,874
CURRENT ASSETS
Debtors	15	96,800	15,792	'I12,592	88,575
Cash at bank		'I82.652	37.187	219,849	485,605
		279452	525)89	3324441	574,180
CREDITORS
Amounts fsi5ng due within one year	16	(50,721)	(2,243)	(52,964)	(98,524)
IIIETCURRENT ASSETS		228,731	50,746	279,477
TOTAL ASSETSLESSCURRENT
UABIUllES		1,422,004	3.M1,359	5,013,363	4,754,530
		1.422,004	3,33'1,350	5,013,303	4,154,530
FUNDS
Unrestricted funds				'l,422.004	'l,273,631
Restricted funds				3,591,359	3,480,899
TOTALFUNDS				5,013,363	4,754,530

				2020	2019
		Notes		6	E
Cash flows from operating	activities
Cash generated from operations			1	247,392	199,959
Net cash provided by operating		activities		247,392	199,959
Cash flows from investing	activities
Purchase oftangible fixed	assets			(18,366)	(152,352)
Purchase offixed asset investments				(533,271)	(237,450)
Sale of fixed asset investments				27,425	478,245
Interest received				11,064	7,313
Net cash (used in)/provided	by investing		activities	(513,148)	95,756
Change in cash and cash equivalents
in the reporting period				(265,756)	295,715
Cash and cash equivalents	at the
beginning ofthe reporting	period			485,605	189,890
Cash and cash equivalents	at the	end
ofthe reporting period				219,849	485,605

RECONCILIATION	OF NET INCOME TO NET CASH FLOW	OF NET INCOME TO NET CASH FLOW	FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
				2020	2019
				E	E
Net income for the	reporting	period (as per the Statement	of
Financial Activities)				258,833	98,285
Adjustments for:
Depreciation charges				69,200	68,224
interest received				(11,064)	(7,313)
(Increase)/decrease	in debtors			(24,017)	12,543
(Decrease)/increase	in creditors			(45,560)	28,220
Net cash provided	by operations			247,392	199,959

	At 1/1/20	Cash flow	At 31/12/20
		E	6
Net cash
Cash at bank	485,605	(265,756)	219,849
	485,605	(265,756)	219,849
Total	485,605	(265,756)	219,849

	DONATIONS AND LEGACIES
		2020	2019
		E	E
	Gifts	3	3
	Donations	209,701	50,220
	Gift aid	1,166	4,385
	Grants	29,028
	Subscriptions	7,833	4,244
		247,731	58,852
3.	OTHER TRADING ACTIVITIES
		2020	2019
	Hall hire income	10,183	94,835
	Car park rental income	211,511	252,872
		221,694	347,707

									2020	2019
									E	E
Interest		receivable							11,064	7,313
INCOME FROM CHARITABLE ACTIVITIES
									2020	2019
					Activity				E
Navnat	Vadil Mandal				Income	of NVA affiliates			51,249	90,603
Navnat		Bhagini Samaj			Income	of NVA affiliates			3,871	25,037
Navnat		Bridge Club			Income	of NVA affiliates			10,743	14,352
Navnat	Golf Club				Income	of NVA affiliates			3,375	35,426
Paryushan and Pritibhojan					Religious functions				24,533	49,098
Navratri					Religious functions				2,203	12,723
Other religious functions					Religious functions				1,322	4,896
Social and cultural
functions					Social and cultural		functions		10,600	12,882
Darpan	and other		trading
activities					Darpan	and other	charitable	activities	2,512	4,079
									110,408	249,096
RAISING		FUNDS
Raising donations			and legacies
									2020	2019
										E
Cleaning		and premises		expenses					7,888	7,394
Repairs	and renewals								42,809	34,959
Hall hire		event expenses							1,262	14,012
									51,959	56,365

					Support	Support
					Costs(See
				Direct	note	8)	Tots I2020	Total 2019
				Costs
				E	f		E	E
Religious functions				55,297	103,659		158,956	241,619
Social and	cultural	functions		7,483	11,643		19,126	52,364
				31,642
Expenditure	by NVA		Sub-Committees				31,642	145,343
				8,370
Other Expenses							8,370	15,333
					55,461
Building							55,461	53,659
				102,792	170,763		273,555	508,318
SUPPORT	COSTS
							Governance
				Management	Finance		costs	Totals
				E		E	E	E
Religious	functions			85,262		3,879	21,068	110,209
Social and	cultural		functions	9,678			1,965	11,643
Building				55,461				55,461
				150,401		3,879	23,033	177,313

Management
				2020	2019
		Social
		and
	Religious	cultural		Tota I	Total
	functions	functions	Building	actiwties	activities
	E	E	E	E	E
Wages	54,554	7,382		61,936	55,128
Social security	597	81		678	1,491
Pensions	1,242	168		1,41 0	1,103
Rates and water	2,767	374		3,141	8,697
Insurance	7,100	961		8,061	7,989
Carried forward	66,260	8,966		75,226	74,408

								2020	2019
					Soci aI
					and
			Religious		cultural			Tota I	Tote I
			functions f		functions E	Building f		activities 6	activities f
Brought forward			66,260		8,966			75,226	74,408
Light and heat			(914)		(124)			(1,038)	19,271
Telephone				779	106			885	804
Postage and	stationery			733	99			832	2,412
Sundries				112	15			127	113
Computer expenses			4,553		616			5,169
Depreciation		oftangible
and heritage		assets	13,739			55,461		69,200	68,224
			85,262		9,678	55,461		150,401	165,232
Finance
								2020	2019
								Religious	Total
								functions	activities
								E	6
Bank charges								400	790
Foreign exchange differences								3,479
								3,879	790
Governance	costs
								2020	2019
						Soci aI
						and
					Religious	cultura	I	Tots I	Tata I
					functions	functions		activities	activities
					E	f		6	f
Accountants'	fees				7,106	962		8,068	7,696
Auditors' remuneration					5,725	775		6,500	6,500
Accountancy	and legal fees				5,895	(89)		5,806
Professional	fees								4,430
Training costs									500
Annual general		meeting			2,342	317		2,659	6,250
					21,068	1,965		23,033	25,376

		2020	2019
			E
Wages	and salaries	68,163	98,304
Social	security costs	735	1,696
Other	pension costs	1,487	1,669
		70,385	101,669

The average monthly number ofemployee	s during the year was as follows:
	2020	2019
Employees	9	11

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Tota I
			funds	funds	funds
			E	6	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			18,646	40,206	58,852
Charitable activities
Income of NVA affiliates				165,418	165,418
Religious functions			66,717		66,717
Social and cultural functions			12,882		12,882
Darpan and other charitable	activities		4,079		4,079
Other trading activities			347,707		347,707
Investment income			7,313		7,313
Total			457,344	205,624	662,968
EXPENDITURE ON
Raising funds			56,365		56,365
Charitable activities
Religious functions			160,501	81,118	241,619
Social and cultural functions			52,120	244	52,364
Expenditure by NVA affiliates				145,343	145,343
Other Expenses			15,333		15,333
Building				53,659	53,659
Total			284,319	280,364	564,683
NET INCOME/(EXPENDITURE)			173,025	(74,740)	98,285
Transfers between funds			(153,119)	153,119
Net movement in funds			19,906	78,379	98,285
RECONCILIATION OF FUNDS
Total funds brought forward			1,253,725	3,402,520	4,656,245
TOTAL FUNDS CARRIED FORWARD			1,273,631	3,480,899	4,754,530

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and
	property	fittings	ToteIs
	E	E	E
COST
At 1 January 2020	3,882,963	272,034	4,154,997
Additions	10,049	8,317	18,366
At 31 December 2020	3,893,012	280,351	4,173,363
DEPRECIATION
At 1 January 2020	668,595	189,516	858,111
Charge for year	55,461	13,739	69,200
At 31 December 2020	724,056	203,255	927,311
NET BOOK VALUE
At 31 December 2020	3,168,956	77,096	3,246,052
At 31 December 2019	3,214,368	82,518	3,296,886

					2020	2019
					E	E
	Bank deposits				981,988	1,222,783
	Bank deposits	—additions			533,271	237,450
	Bank deposits	—disposals			(27,425)	(478,245)
					1,487,834	981,988
15.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2020 f	2019 E
	Other debtors				18,973	39,201
	Prepayments	and accrued income			93,619	49,374
					112,592	88,575
16.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2020 f	2019 f
	Sundry creditors				32,760	50,748
	Accruals and deferred		income		20,204	47,776
					52,964	98,524

MOVE	MENT IN	FU	NDS
					Net	Transfers
					movement	between	At
				At 1/1/20 f	in funds E	funds f	31/12/20 6
Unrestricted funds
General	fund			1,208,566	138,539	5,646	1,352,751
Life membership		fund		65,065	7,833	(3,645)	69,253
				1,273,631	146,372	2,001	1,422,004
Restricted funds
Building	fund			3,237,343	92,668		3,330,011
Jiv Days Fund				78,078	(17,315)		60,763
Bhagini	Samaj			75,765	(4,340)	(1,001)	70,424
Navnat	Vadil Mends		l	68,650	32,554	(1,000)	100,204
Navnat	Golf Society			3,362	2,856		6,218
Navnat	Bridge Club			17,701	6,038		23,739
				3,480,899	112,461	(2,001)	3,591,359
TOTAL	FUNDS			4,754,530	258,833		5,013,363

			Incoming	Resources	Movement
			resources E	expended E	in funds f
Unrestricted funds
General	fund		336,765	(198,226)	138,539
Life membership		fund	7,833		7,833
			344,598	(198,226)	146,372
Restricted funds
Building	fund		154,679	(62,011)	92,668
Jiv Days Fund			22,381	(39,696)	(17,315)
Bhagini	Samaj		3,872	(8,212)	(4,340)
Navnat	Vadil Mandal		51,249	(18,695)	32,554
Navnat	Golf Society		3,375	(519)	2,856
Navnat	Bridge Club		10,743	(4,705)	6,038
			246,299	(133,838)	112,461
TOTAL	FUNDS		590,897	(332,064)	258,833

				Net	Transfers
				movement	between	At
			At 1/1/19	in funds	funds	31/12/19
			E	E	f	f
Unrestricted funds
General	fund		1,192,904	168,781	(153,119)	1,208,566
Life membership		fund	60,821	4,244		65,065
			1,253,725	173,025	(153,119)	1,273,631
Restricted funds
Building	fund		3,131,002	(53,659)	160,000	3,237,343
Jiv Days Fund			118,991	(40,913)		78,078
Bhagini	Samaj		71,268	6,498	(2,001)	75,765
Navnat	Vadil Mandal		59,669	10,481	(1,500)	68,650
Navnat	Golf Society		6,238	(2,876)		3,362
Navnat	Bridge Club		15,352	5,729	(3,380)	17,701
			3,402,520	(74,740)	153,119	3,480,899
TOTAL	FUNDS		4,656,245	98,285		4,754,530

Compar	ative net	movement in funds, i	ncluded in the above are as fo	llows:
			Incoming	Resources	Movement
			resources E	expended E	in funds f
Unrestricted funds
General	fund		453,100	(284,319)	168,781
Life membership		fund	4,244		4,244
			457,344	(284,319)	173,025
Restricted funds
Building	fund			(53,659)	(53,659)
Jiv Days Fund			40,205	(81,118)	(40,913)
Bhagini	Samaj		25,037	(18,539)	6,498
Navnat	Vadil Mandal		90,603	(80,122)	10,481
Navnat	Golf Society		35,426	(38,302)	(2,876)
Navnat	Bridge Club		14,353	(8,624)	5,729
			205,624	(280,364)	(74,740)
TOTAL	FUNDS		662,968	(564,683)	98,285

		2020	2019
		E	f
INCOME AND ENDOWMENTS
Donations and legacies
Gifts		3	3
Donations		209,701	50,220
Gift aid		1,166	4,385
Grants		29,028
Subscriptions		7,833	4,244
		247,731	58,852
Other trading activities
Hall hire income		10,183	94,835
Car park rental income		211,511	252,872
		221,694	347,707
Investment income
Interest receivable		11,064	7,313
Charitable activities
Navnat Vadil Mandal		51,249	90,603
Navnat Bhagini Samaj		3,871	25,037
Navnat Bridge Club		10,743	14,352
Navnat Golf Club		3,375	35,426
Paryushan and Pritibhojan		24,533	49,098
Navratri		2,203	12,723
Other religious functions		1,322	4,896
Social and cultural functions		10,600	12,882
Darpan and other trading	activities	2,512	4,079
		110,408	249,096
Total incoming resources		590,897	662,968
EXPENDITURE
Raising donations and legacies
Cleaning and premises expenses		7,888	7,394
Repairs and renewals		42,809	34,959
Hail hire event expenses		1,262	14,012
		51,959	56,365

		2020	2019
		E	E
Raising donations	and legacies
Charitable activities
Sundries		1,184	2,925
Navnat Vadil Mandal expenses		18,410	80,122
Navnat Bhagini Samaj expenses		8,212	18,539
Navnat Bridge Club expenses		4,501	8,380
Navnat Golf Club	expenses	519	38,302
Paryushan and Pritibhojan		9,962	36,879
Navratri		2,654	11,158
Jivdaya donations		39,696	81,118
Other religious functions		2,985	5,893
Social and cultural	functions	7,483	21,196
Darpan expenses		7,186	12,408
		102,792	316,920
Support costs
Management
Wages		61,936	55,128
Social security		678	1,491
Pensions		1,410	1,103
Rates and water		3,141	8,697
Insurance		8,061	7,989
Light and heat		(1,038)	19,271
Telephone		885	804
Postage and stationery		832	2,412
Sundries		127	113
Computer expenses		5,169
Freehold property		55,461	53,659
Fixtures and fittings		13,739	14,565
		150,401	165,232
Finance
Bank charges		400	790
Foreign exchange	differences	3,479
		3,879	790
Governance costs
Accountants' fees		8,068	7,696
Auditors' remuneration		6,500	6,500
Accountancy and	legal fees	5,806
Profess i on aI fees			4,430
Carried forward		20,374	18,626

		2020f	2019 E
Governance costs
Brought forward		20,374	18,626
Training costs			500
Annual general	meeting	2,659	6,250
		23,033	25,376
Total resources expended		332,064	564,683
Net income		258,833	98,285