#
##
||||Page|
|---|---|---|---|
|Legal and administrative||information||
|Trustees'
report|||2 —7|
|Independent
auditors'|report||8-10|
|Statement
offinancial|activities|||
|Balance Sheet|||12|
|Statement
ofcash flows||||
|Notes to the accounts|||14-21|
|Trustees|K.A. Kerai|(Chair)||
|---|---|---|---|
||K. K.Jesani|||
||K. D. Patel|||
||R. H. Bhudia|||
||V. H. Bhudia|(appointed|30/09/2020)|
||P. K. Hirani|(appointed|30/09/2020)|
||D. B.Khetani|(appointed|30/09/2020)|
||G. K. Hirani|(appointed|30/09/2020)|
||L. H Virji|(appointed|30/09/2020)|
||S.P. Hirani|(resigned|26/09/2020)|
||K.S.Varsani|(resigned|26/09/2020)|
||P. P. Dabasia|(resigned|26/09/2020)|
|Charity number|266260|||
|Principal address|220-222 Willesden
Lane|||
||London|||
||NW2 5RG|||
|Auditors|Goldwins
Limited|||
||75 Maygrove|Road||
||London|||
||NW6 2EG|||
|Bank|Barclays Bank|||
||Willesden
Green|||
||London|||
||NW3 5JS|||
|Solicitors|Sheridan
and|Stretton||
||233 King Street|||
||London|||
||W6 9LP|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|FOR THE YEAR E|NDED 31 D|ecember|2020|||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
||||Endowment|Unrestricted|Restricted|Total|Total|
|||Note|Funds|Funds|Funds|Funds|Funds|
|Income from:||||||||
|Donations
and legacies||||582,325|44,300|626,625|1,615,975|
|Charitable
activities||||313,138||313,138|83,403|
|Other trading
activities||||13,910||13,910|44,240|
|Investment
income||||684||684|8,244|
|Total income||||910,057|44,300|954,357|1,751,862|
|Expenditure
on:||||||||
|Raising funds||||39,172||39,172|51,433|
|Charitable
activities||||266,177||266,177|428,184|
|Total expenditure||||305,349||305,349|479,617|
|Net income for the|year|||604,708|44,300|649,008|1,272,245|
|Transfers
between|funds|||||||
|Net movement
in funds||||604,708|44,300|649,008|1,272,245|
|Reconciliation
of|funds:|||||||
|Total funds brought|forward||946,315|10,632,782|2,105,516|13,684,613|12,412,368|
|Total funds carried forward||15|946,315|11,237,490|2,149,816|14,333,621|13,684,613|
||||2020||2019||
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed Assets:|||||||
|Tangible fixed assets||10||15,760,556||15,741,461|
|Current Assets:|||||||
|Debtors
Cash at bank and in hand|||80,581
478,233||206,534
807,971||
||||558,844||1,014,505||
|Creditors: Amounts|falling due within||||||
|one year:||42|(943,279)||(1,193,853)||
|Net Current liabilities||||(384,435)||(179,348)|
|Creditors: Amounts|falling due in||||||
|more than one year:||||(1,042,500)||(1,877,500)|
|Total net assets||||14,333,621||13,684,613|
|Reserves:|||||||
|Endowment
funds
Unrestricted
-General funds
Restricted
funds - Building fund||||946,315
11,237,490
2,149,816||946,315
10,632,782
2,105,516|
|||14||14,333,621||13,884,613|
|||||Note|2020|2020|2019|2019|
|---|---|---|---|---|---|---|---|---|
|||||||||F|
|Net cash provided
by / (used in) operating|||||||||
|activities||||16||(301,174)||1,775,282|
|Cash flows from investing|activities:||||||||
|Sale/ (purchase) offixed assets|||||(28,534)||(2,939,169)||
|Cash provided
by / (used|in) investing|activities||||(28,534)||(2,939,169)|
|Change
in cash and cash|equivalents|in the year||||(329,708)||(1,163,887)|
|Cash and cash equivalents|at the beginning||ofthe year|||807,971||1,971,858|
|Cash and cash equivalents|at the end|of|the year|17||478,263||807,971|
##
##
##
##
##
##
##
##
##
|FO|R THE YEAR ENDED 3|R THE YEAR ENDED 3|R THE YEAR ENDED 3|1 December 2020|1 December 2020||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2.|Detailed comparatives|||for the statement||offinancial|activities||||
|||||||||2019|2019|2019|
|||||||Endowment||Unrestricted|Restricted|Total|
||||||||Funds|Funds|Funds|Funds|
||Incoming from:||||||||||
||Donations
and legacies|||||||756,679|859,296|1,615,975|
||Charitable
activities|||||||83,403||83,403|
||Other trading
activities|||||||44,240||44,240|
||Investment
income|||||||8,244||8,244|
||Total income|||||||892,566|859,296|1,751,862|
||Expenditure
on:||||||||||
||Raising funds|||||||51,433||51,433|
||Charitable
activities|||||||428,184||428,184|
||Total expenditure|||||||479,617||479,617|
||Net income I(expenditure)||||for the year|||412,949|859,296|1,272,245|
||Transfers
between|funds||||||954,979|(954,979)||
||Net movement
in funds|||||||1,367,928|(95,683)|1,272,245|
||Reconciliation
of|funds:|||||||||
||Total funds brought||forward||||946,315|9,264,854|2,201,199|12,412,368|
||Total funds carried||forward||||946315|10632782|2 105516|13684613|
|3.|Income from donations||||||||2020|2019|
|||||||Unrestricted||Restricted|Total|Total|
|||||||||||E|
||Donations||||||582,325|44,300|626,625|1,615,975|
||||||||582,325|44,300|626,625|1,615,975|
|4.|Income from charitable||||activities||||2020|2019|
|||||||Unrestricted||Restricted|Total|Total|
|||||||||||E|
||Religious activities||||||313,138||313,138|83,403|
||||||||313,138||313,138|83,403|
||||||||,
313,138|,
313,138||,
313,138|,
83,403|
|---|---|---|---|---|---|---|---|---|---|---|---|
||The|above represents||rental|income|received|in respect of housing||provided|to elderly
members|of the|
||Trust|in|order to position|them|close to|the Temple to enable them||to visit and take part in various festivals.||||
|5|Income||from other trading activities|||||||2020|2019|
||||||||Unrestricted|Restricted||Total|Total|
||||||||||||E|
||Temple||hall hire||||13,910|||13,910|44,240|
||||||||13,910|||13,910|44,240|
|6|Income||from investments|||||||2020|2019|
||||||||Unrestricted|Restricted||Total|Total|
||||||||||||E|
||Bank|interest|||||684|||684|8,244|
||||||||684|||684|8,244|
##
|Analysis ofexpen|d|iture|||||||
|---|---|---|---|---|---|---|---|---|
||||Cost of||||||
||||raising|Charitable|Support|Governance|2020|2019|
||||funds|Activities|costs|costs|Total|Total|
|Rates and services|||5,218||9,276||14,494|6,553|
|Insurance|||||20,009||20,009|44,423|
|Light and heat|||10,738||48,237||58,975|41,154|
|Repair and maintenance|||15,626||48,567||64,193|25,073|
|Cleaning|||||12,118||12,118|8,363|
|Telephone|||873||2,905||3,778|2,591|
|Legal 8 professional||fees|6,717||||6,717|675|
|Depreciation|||||9,439||9,439|9,056|
|Gujarati school expenses||||5,272|||5,272|6,466|
|Academy expenses||||180|||180|7,727|
|Festival expenses||||71,074|||71,074|273,024|
|Calendars
and CDS||||9,461|||9,461|11,090|
|Wages and salaries||||21,250|||21,250|21,233|
|Governance||||||||9,789|
|Bank charges||||||1,189|1,189||
|Audit fees||||||7,200|7,200|12,400|
||||39,172|107,237|150,551|8,389|305,349|479,617|
|Support costs||||150,551|(150,551)||||
|Governance
costs||||8,389||(8,389)|||
|Total expenditure||2020|39,172|266,177|||305,349||
|Total expenditure|2019||51,433|428,184||||479,617|
##
|8.|Net income
/ (expenditure)|for the year||||
|---|---|---|---|---|---|
||This is stated after charging|I(crediting):||2020|2019|
||||||F|
||Depreciation|||9,439|9,056|
||Auditors
remuneration|||7,200|12,400|
|9.|Analysis ofstaff costs, trustee remuneration||and expenses,|and the cost ofkey management||
||personnel|||||
||Staff costs were as follows:|||2020|2019|
||||||F|
||Salaries and wages|||21,250|21,233|
|||||21,250|21,233|
##
|The avera
as follows:|ge
number
of empl|oyees
(head count|based on number|of staff empl|oyed)
during|the year was|
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||No.|No.|
|Employees|||||4|3|
||||||4|3|
|Tangible fixed assets|||||||
|||Freehold|||||
|||land and|Fixtures and|Golden|||
|||buildings|fittings|cradlef|Jewellery|Total|
|Cost|||||||
|At the start ofthe year||14,812,811|129,464|62,960|871,565|15,876,800|
|Additions|in year||8,346||20,188|28,534|
|Disposals|in year||||||
|At the end|ofthe year|14,812,811|137,810|62,960|891,753|15,905,334|
|Depreciation|||||||
|At the start ofthe year||19,625|115,714|||135,339|
|Charge for the year||2,074|7,365|||9,439|
|Eliminated|on disposal||||||
|At the end|ofthe year|21,699|123,079|||144,778|
|Net book|value||||||
|At the end ofthe year||14,791,112|14,731|62,960|891,753|15,760,556|
|At the start ofthe year||14,793,186|13,750|62,960|871,565|15,741,461|
##
##
|Debtors||||||
|---|---|---|---|---|---|
|||||2020|2019|
||||||F|
|Prepayment|and accrued income|||80,581|206,534|
|||||80,581|206,534|
|Creditors:|amounts||falling due within one year|||
|||||2020|2019|
||||||F|
|Other creditors||||54,679|44,653|
|Accruals||||6,600|10,200|
|Concessionary||loans||882,000|1,139,000|
|||||943,279|1,193,853|
|Creditors:|amounts||falling due after one year|||
|||||2020|2019|
|Concessionary||loans||1,042,500|1,877,500|
|||||1,042,500|1,877,500|
##
##
##
|Analysis o|f net assets between|funds|||||
|---|---|---|---|---|---|---|
||||Endowment|Unrestricted|Restricted|Total|
||||funds|funds|funds|funds|
|||||f|||
|Tangible fixed assets|||946,315|12,664,425|2,149,816|15,760,556|
|Net current|liabilities|||(384,435)||(384,435)|
|Long term|liabilities|||(1,042,500)||(1,042,500)|
|Net assets|at the end ofthe year||946,315|11,237,490|2,149,816|14,333,621|
||||Endowment|Unrestricted|Restricted|Total|
|Analysis of net assets between||funds 2019|funds|funds|funds|funds|
|||||f|||
|Tangible fixed assets|||946,315|12,689,630|2,105,516|15,741,461|
|Net current|liabilities|||(179,348)||(179,348)|
|Long term|liabilities|||(1,877,500)||(1,877,500)|
|Net assets|at the end ofthe year||946,315|10,632,782|2,105,516|13,684,613|
##
|Movements
in fun|ds|||||||
|---|---|---|---|---|---|---|---|
||||At the start||||At the end of|
||||ofthe year|Income|Expenditure|Transfers|the year|
|Endowment
funds:||||||||
|Temple endowment||funds|946,315||||946,315|
|Total Endowment|funds||946,315||||946,315|
|Restricted funds:||||||||
|Regeneration
project||fund|2,105,516|44,300|||2,149,816|
|Total restricted funds|||2,105,516|44,300|||2,149,816|
|Unrestricted
funds:||||||||
|Designated
funds|||954,979||||954,979|
|General funds|||9,677,803|910,057|(305,349)||10,282,511|
|Total unrestricted|funds||10,632,782|910,057|(305,349)||11,237,490|
|Total funds|||13,684,613|954,357|(305,349)||14,333,621|
|Movements
in funds 2019||||||||
||||At the start||||At the end of|
||||ofthe year|Income|Expenditure
f|Transfers|the year|
|Endowment
funds:||||||||
|Temple endowment||fund|946,315||||946,315|
|Total Endowment|funds||946,315||||946,315|
|Restricted funds:||||||||
|Thaal fund|||791,665|163,314||(954,979)||
|Regeneration
project||fund|1,409,534|695,982|||2,105,516|
|Total restricted funds|||2,201,199|859,296||(954,979)|2,105,516|
|Unrestricted
funds:||||||||
|Designated
funds||||||954,979|954,979|
|General funds|||9,264,854|892,566|(479,617)|-|9,677,803|
|Total unrestricted|funds||9,264,854|892,566|(479,617)|954,979|10,632,782|
|Total funds|||12,412,368|1,751,862|479,617||13,684,613|
|Purposes offunds:||||||||
##
|16.Reconciliation
ofnet income|16.Reconciliation
ofnet income|/ (expenditure)|/ (expenditure)|to net cash flow from operating|activities||
|---|---|---|---|---|---|---|
||||||2020|2019|
|||||||F|
|Net income /(expenditure)
for the|||reporting|period|649,008|1,272,245|
|(as per the consolidated
statement|||offinancial activities)||||
|Depreciation|||||9,439|9,056|
|(Increase)/ decrease|in debtors||||125,953|(48,982)|
|Increase/ (decrease)|in creditors||||(1,085,574)|542,963|
|Net cash provided|by / (used|in) operating||activities|(301,174)|1,775,282|
||||At the start||Other At the end of|Other At the end of|
|---|---|---|---|---|---|---|
||||ofthe year|Cash flows|changes|the year|
|||||E|E||
|Cash|at bank and|in hand|807,971|(329,708)||478,263|
|Total|cash and cash equivalents||807,971|(329,708)||478,263|
##