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|---|---|---|---|
|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|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|||Notes|8|||
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies|||528,907|3,171,179|3,700,086|
|Investment
income|||75,989||75,989|
|Total|||604,896|3,171,179|3,776,075|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Charitable
costs||4|70,154|123,759|193,913|
|Support and other costs||5.1|300,948|206,439|507,387|
|Governance costs||5.2|7,020||7,020|
|Total|||378,122|330,198|708,320|
|NET INCOME|||226,774|2,840,981|3,067,755|
|TOTAL FUNDS CARRIED FORWARD|||226,774|2,840,981|3,067,755|
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||||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|
##
|||||||||Notes||
|---|---|---|---|---|---|---|---|---|---|
|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|
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|Net income for the|reporting|period (as per the Statement|of Financial||
|---|---|---|---|---|
|Activities)||||3,067,755|
|Adjustments
for:|||||
|Depreciation
charges||||127,035|
|Interest received||||(1,082)|
|Interest
paid||||76,866|
|Increase in debtors||||(164,659)|
|Increase in creditors||||27,683|
|Net cash provided|by operati|ons||3,133,598|
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|ANALYSIS OF CHAN|GES
IN NET DEBT||||
|---|---|---|---|---|
|||At 15.5.19|Cash flow|At 30.9.20|
|||5|f|f|
|Net cash|||||
|Cash at bank and in hand|||153,040|153,040|
||||153,040|153,040|
|Debt|||||
|Debts falling due within|1 year||(156,665)|(156,665)|
|Debts falling due after|1 year||(1,721,378)|(~1,721,378|
||||(1,878,043)|(~1,878,043|
|Total|||(1,725,003)|(1,725,003)|
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||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|
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|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|
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|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|
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|MOVEM|ENT|IN|FUNDS|||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
|||||in funds|30.9.20|
|||||F|6|
|Unrestricted||funds||||
|General|fund|||226,774|226,774|
|Restricted funds||||||
|London|Building||Fund|2,361,775|2,361,775|
|Leicester Building|||Fund|479,206|479,206|
|||||2,840,981|2,840,981|
|TOTAL|FUNDS|||3,067,755|3,067,755|
|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|
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|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|
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|
FOR THE PERIOD 15MAY 2019TO|30SEPTEMBER 2020|
|---|---|
|Information
Technology||
|Software licences|5,348|
|Governance costs||
|Auditors'
remuneration|7,020|
|Total resources
expended|706,320|
|Net income|3,067,755|