2020-09-30-accounts - Vaishnav Sangh Of UK

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Trustees' Report	1	to	4
Trustees' Responsibility Statement
Report ofthe Independent Auditors	6	to	7
Statement of Financial Activities
Balance Sheet
Cash Flow Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements	12	to	17
Detailed Statement of Financial Activities	18	to	19

			BALANCE SHEET
			30SEPTEMBER 2020
				Unrestricted	Restncted	Total
				fund	funds	funds
			Notes	6	7
FIXEDASSETS
Tangible assets				132,912	4,522,870	4,655,782
CURRENT ASSETS
Debtors			12	18,504	146,155	164,659
Cash at bank and		in hand		153,040		153,040
				171,544	146,155	317,699
CREDITORS
Amounts falling due within one year			13	(77,682)	(106,666)	(184,348)
NET CURRENT	ASSETS			93,862	39,489	133,351
TOTAL ASSETS		LESSCURRENT LIABILITIES		226,774	4,562,359	4,789,133
CREDITORS
Amounts falling due afier more than one year			14		(1,721,378)	(1,721,378)
NET ASSETS				226,774	2,840,981	3,067,755
FUNDS			16
Unrestricted funds:
General fund						226,774
Restricted funds:
London Building	Fund					2,361,775
Leicester Building		Fund				479,206
						2,840,981
TOTAL FUNDS						3,067,755


Cash flows from	operating	activities
Cash generated from operations Interest paid								3,133,598 ~76866
Net cash provided	by operating		activities					3056732
Cash flows from	investing	activities
Purchase oftangible fixed assets								(4,782,816)
Interest received								1 082
Net cash (used) in/provided		by investing			activities			4 781 734
Cash flows from financing		activities
New loans in year								1 878 042
Net cash provided	by financing		activities					1 878042
Change in cash	and cash			equivalents		in	the
reporting period								153,040
Cash and cash equivalents		at		the beginning		of	the
reporting period
Cash and cash	equivalents			at the	end	of	the
reporting period								153040

	Rents and room hire received			74,907
	Deposit account interest			1 082
4.	CHARITABLE ACTIVITIES COSTS
		Unrestncted	Restricted	Total
		6	F	6
	Purchases		98,759	98,759
	Manorath expenses	70,154		70,154
	Donation to NHS		25,000	25,000
		70,154	123,759	193,913
5.1	SUPPORT COSTS
		Unrestricted	Restricted	Total
		F	6	6
	Wages and Pensions	99,086		99,086
	Premises costs	77,754		77,754
	Health &Safety	8,605		8,605
	Insurance	13,226		13,226
	Other costs	34,154		34,154
	Finance charges	4,044	84,218	88,262
	Depreclatlon	4,814	122,221	127,035
	Repairs and renewals	29,823		29,823
	Computer costs	5,348		5,348
	Legal and Professional fees	24,094		24,094
		300,948	206,439	507,387
5.2	GOVERNANCE COSTS
		Unrestricted	Restricted	Total
		F	6	6
	Auditors' remuneration	7,020		7,020

Trustees' expenses	Trustees' expenses
There were no trustees'		expenses	paid for	the period ended 30 September 2020.
STAFF COSTS
						f
Wages and salaries						98,482
Other pension costs						604
						99,086
The average monthly	number of employees			during the period was as follows:
Management
Priests
No employees received		emoluments	in excess of860,000.
ASSETS DONATED FROM PREVIOUS CHARITY
The following donations		were made	as at 31October 2019:
Restricted funds
London building fund						1,670,359
Leicester building fund						488,986
Guv seva						9,409
Unrestricted funds
General fund - VSUK	Trust					126,201
						2,294,955
Assets and liabilities	as at 31October 2019
Fixed assets - Leicester		Haveli, Fixtures &		Fittings and Artefacts		568,325
Amount receivable						5,840
Payments made on behalf ofthe Vaishnav				Sangh of UK CIO for the London	Haveli	1,735,240
Stock						1,120
Bank balance						4,430
Credi toi's						(20,000)
						2,294,955

FOR THE PE TANGIBLE FIXEDASSETS	RIOD 15MAY 2019TO 30S	EPTEMBER202	0
		Fixtures
	Freehold	and
	property	fittings	Artefact	Totals
	F	6	8	6
COST
Additions	4,580,937	152,281	49,599	4,782,817
DEPRECIATION
Charge for year	91,619	30,456	4,960	127,035
NET BOOK VALUE
At 30 September 2020	4,489,318	121,825	44,639	4,655,782

	, 84,000,000				.
						Fixtures
					Freehold	and
					property 8	fittings 8	Artefact f	Totals F
	Additions				4,040,649	133,338	40,505	4,214,492
	Transfers from previous		Charity		540,288	18,943	9,094	568,325
	Additions as above
	At 30September 2020				4,580,937	152,281	49,599	4,782,817
12.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
								f
	Outstanding pledges							97,496
	Other debtors							16,865
	Accrued income							10,504
	Prepaym ants							39,794
13.	CREDITORS: AMOUNTS		FALLING DUE WITHIN		ONE YEAR
	Bank loans and overdrafts		(see note 15)					156,665
	Trade creditors							14,176
	Social security and other		taxes					1,648
	Pensions							150
	Net wages							4,689
	Accruals and deferred income							7,020
14.	CREDITORS: AMOUNTS		FALLING DUE AFTER		MORE THAN	ONE YEAR
								8
	Bank loans (see note 15)							1,721,378
15.	LOANS
	An analysis ofthe maturity		of	loans is given below:
	Amounts falling due within		one-year on-demand:
	Bankloans							156,665
	Amounts falling between	one		and two years:
	Bank loans - 1-2years							156,667
	Amounts falling due between			two and five years.
	Bank loans - 2-5years							519,998

Net movement in	funds, included in the above	are as follows:
		Incoming	Resources	Movement
		I'seoul'ces	expended f	in funds F
Unrestricted funds
General fund		580,246	(353,472)	226,774
Restricted funds
London Building	Fund	2,657,193	(295,418)	2,361,775
Leicester Building Fund NHS Covid19 Fund		488,986 25,000	(9,780) ~25,000)	479,206
		3,171,179	~330,198)	2,840,981
TOTAL FUNDS		3,751,425	~683,670)	3,067,755

INCOME AND ENDOWMENTS	INCOME AND ENDOWMENTS
Donations and legacies
Donations -General income			627,494
Transfer from Old Charity			2,285,547
Building Fund collection	- London	Haveli	762,045
Donation- NHS Covid appeal			25,000
			3,700,086
Investment income
Rents received			74,907
Deposit account interest			1,082
			75,989
Total incoming resources			3,776,075
EXPENDITURE
Charitable activities
Donation paid			25,000
Purchases			98,759
Catering expenses			8,817
Manorath expenses			61,337
			193,913
Supportcosts
Other
Wages			55,155
Pensions			604
Cleaning			20,584
Health and safety			8,605
Premises expenses			16,482
Depreciation offreehold	property		91,619
Depreciation offixtures and fittings			30,456
Depreciation ofartefacts			4,960
			228,465
Management
Wages			43,327
Rates and water			12,141
Insurance			13,226
Light and heat			28,547
Telephone			4,912
Repairs			29,823
Postage and stationery			10,321
Accountancy fees			14,212
Sundries			18,921
Legal fees			9,882
			185,312
Finance
Bank charges			4,044
Bank loan interest			76,866
Loan arrangement fees			7,352
			88,262