##
|||||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|
##
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##
|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.|||||||||
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|||||||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|
##
|12.|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|