2022-12-31-accounts

CONTENTS
	PAGE
Legal &Administrative Details	1-2
Report ofthe Executive Committee	3 —8
Independent Auditors' Report	9 —12
Statement of Financial Activities	13
Balance Sheet	14
Statement ofCash Flows
Notes to the Financial Statements	16-26

Audit Committee			Nirmal	C Shah	24/04/2022
Finance			Meena	N Shah	24/04/2022
Administrative			Rumit D Shah		24/04/2022
Secretary			Minesh	V Shah	24/04/2022
Chief Information Officer			Nirmal	C Shah	24/04/2022
Health &Wellbeing + Education			Rajvee	Shah Punatar	24/04/2022
Health &Wellbeing + Social &Print		Media	Poonam C Shah		24/04/2022
Women's Empowerment+	C&H		Mila D	Shah	24/04/2022	12/10/2022
Women's Empowerment+	C&H		Meena	N Shah	12/10/2022
Youth+ Sports &Games			Sachin	SShah	24/04/2022
OBPN+ Youth &Professional Development			Bhavin	M Shah	24/04/2022
Welfare + Anand Yatra +	Enabling	Network	Hitesh	L Shah	24/04/2022
PMC + Jinalay			Rajesh	J Shah	24/04/2022
Governance+ Legal = South London PMC			Hiten P Savla		24/04/2022
Media+ Member Services+ Directory			Basanti	D Shah	24/04/2022
Asst Treasurer+ CAPEX	Due Diligence		Bijal H	Shah	24/04/2022
Technology - CTO			Khilit M Shah		24/04/2022
Religion & Religious Ambassador			Shandip N Shah		24/04/2022

			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
					2022	2021
		Note
INCOME
Donation Income:
Donations		2(a)	464,037	22,614	486,651	460,524
Subscriptions Activities to generate funds:			13,252		13,252	5,499
Property income Fundraising activities Publications and sundry Bank interest Other interest Charitable Activities Grants		2(b) 2(c) 2(e) 2(d)	1,070,018 89,911 v 12,226 ; 17,137 13,291 96,054 K 18,760		1,070,018 89,911 12,226 17,137 13,291 96,054 18,760	749,491 40,588 4,011 (1,800) 18,056 48,525 51,045
			1 794 686	22 614	1 817300	1 375939
EXPENDITURE
For Generated Funds
Subscriptions Social and fundraising activities Publications Properties For Charitable Activities		3(a) 3(b) 3(f)	9,130 87,421 49,134 999,859		9,130 87,421 49,134 999,859	6,954 29,186 30,263 848,160
Religious Education Youth activities Donations Impairment offixed assets		3(c) 3(d) 3(e) 4(a)	181,246 48,983 46,559 1,996 401,844	1,218 30,931	182,464 48,983 46,559 32,927 401,844	96,569 27,865 10,040 42,036
			1 826 172	32 149	1 858 321	1 091 073
NET INCOME (DEFICIT)			(31,486)	(9,535)	(41,021)	284,866
Transfer between Funds
Net movement In Funds	In the Year		(31,486)	(9,535)	(41,021)	284,866
Total Funds brought forward			22,503,153	177,458	22,680,611	22,395,745
TOTAL FUNDS CARRIED FORWARD			22 471 667	167 923	22 639590	22 680611

				2022			2021
		Note
FIXEDASSETS
Tangible assets Investments		4(a) 5			17,711,311 3			18,538,674 3
					17,711,314			18,538,677
CURRENT ASSETS
Debtors Cash at bank & in hand		6 7	78,025 5,242,184			142,227 4,230,902
CREDITORS: Amounts	falling due		5,320,209			4,373,129
within one year Net current assets NETASSETS			(391,933)		4,928,276 22,639,590	(231,195)		4,141,934 22,680,611
FUNDS
Restricted Unrestricted		10 10			167,923 22,471,667			177,458 22,503,153
					22,639,590			22,680,611

				2022	2021
Cash flows from operating activities:
Net (deficit) income for the reporting period Adjustment for:				(4'I,021)	284,866
Depreciation Impairment offixed assets Interest income Decrease in debtors increase (decrease) in creditors				466,240 401,844 (30,428) 64,202 160,738	465,213 (16,256) 54,612 (45,843)
Net cash provided by operating activities				1 021,575	742,592
Cash flows from investing activities:
interest income Purchase of property, plant and equipment				M,4'28 (40,721)	f8,288 (11,324)
Net cash provided by investing activities				10,293	4,932
Change in cash and cash equivalents in the Cash and cash equivalents at the beginning	reporting period ofthe reporting		period	1,011,282 4,230,902	747,524 3,483,378
Cash and cash equivalents at the end ofthe	reporting	period

2.	INCOME
					Total	Total
		Unrestricted		Restricted	2022	2021
					f.
(a)	Donations
	Derasar Maintenance			1,218	1,218	2,123
	Jivdaya - Anukampa Derasar Extension General Covid Funding f120Scheme Paryushan Ukraine Bhandar Religious functions Ekta 50th Anniversary	v'	58,022 57,108 114,543 42,261 116,525 4,222	16,403 4,993	16,403 58,022 57,108 114,543 4,993 42,261 116,525 4,222	13,665 42,261 31,205 35,841 65,244 45,457 22,770 122,354
	Gift Aid		71,356		71,356	79,604
			464 037	22 614	4811,651	460524
	Gift aid included in donations	was as follows:-
	Covid Funding Derasar Extension Other		71,356		71,356	4,102 3,352 79,604
		~71 56		.	71 356	87 058

	During 2021, donations Income totalled unrestricted.	8460,524 ofwhich f93,	890was restric	ted and E366,634	was
(b)	Fundraising activities
	Culture &heritage programmes Welfare programmes	61,266 28,645		61,266 28,645	32,306 8,282
		89911	-	89911	40 588
(c)	Publications and sundry
	Publications	12,226		12,226	4,011
		12226	-	12226	4011
(d)	Charitable activities
	Education
	Fees Programmes	37,518 436		37,518 436	38,139
	Other Charitable activities	37,954		37,954	38,139
	Marriage registration Youth activities	5,573 52,527		5,573 52,527	2,718 7,668
		96054		96054	48 525
(e)	Other Interest
	Interest on Secured Debt	13291		13291	18056

3.	RESOURCES EXPENDED	RESOURCES EXPENDED
					Total	Total
			Unrestricted	Restricted	2022	2021
(a)	Social and fundralsing	activities
	Welfare programmes Culture and Heritage Administration cost allocation		37,337 31,824 18,260		37,337 31,824 18,260	12,244 3,033 13,909
			87 421		87 421	29 156
(b)	Publications and sundry
	Publications Website Administration cost allocation		30,514 360 18,260		30,514 360 18,2BO	13,924 2,430 13,909
			49 134		41!134	30263
(c)	Religious and Jlnalay
	Paryushan Jinalay administration and maintenance Other religious functions Administration cost allocation		474826 71,274 25,626 3B,520	1,218	477826 72,492 25,626 36,520	3,585 49,213 15,953 27,818
			181246	1 218	182454	96569
(d)	Education
	Teachers aNow ance Class hire Programmes, books &	material, etc	19,654 26,826 2,503		19,654 26,826 2,503	20,052 5,433 2,380
			48 983		48983	27865
(e)	Donations
	Jivdaya - Anukampa Basnet Gaun School Nepal Others Covid funding		1,996	20,223 5,715 4,993	20,223 5,715 6,989	11,121 590 30,325
			1 996	30931	32927	42 036

	RESOURCES EXPENDED (continued)	RESOURCES EXPENDED (continued)	RESOURCES EXPENDED (continued)
	Properties						2022f	2021 K
	Salaries and NIC						72.213	72,999
	Council tax						14,428	5,914
	Utilities						83,959	76,436
	Administration cost allocation Repairs and maintenance						100,431 212,987	76,499 108,446
	Insurance						27,598	24,153
	South London Rental Cost Depreciation Central and Areas						22,003 466,240	18,500 465,213
							999859	845 160
(9)	Management &Administration						2022	2021
							E
	Printing, postage and stationery Bank charges Salaries and NIC General office expenses						2,626 7,702 96,957 273	2,042 6,013 97,017 141
	Technology and software expenses Telephone line and broadband installation Audit fees Legal Costs						9,686 7,997 22,800 10,800	3,267 11,999 18,000
	Meeting expenses						23,760	610
							182601	139089
	Management and administration	costs	have been allocated		on	an estimated	basis to rellect
	resource expenditure as follows;-		2022	2021
			'Yo
	Properties Religious Social and fundraising activities Publications and sundry Subscriptions		55 20 10 10 5		55 20 10 10 5		100,431 36,520 18,260 18,260 9,130	76,499 27,818 13,909 13,909 6,954
							182601	139089
(h)	Emoluments ofemployees
	Gross salaries National insurance contributions						194,008 13,291	195,450 13,035
							207299	208 485
	Average number ofstaff employed						8	9

4.	TANGIBLE FIXEDASSETS
		Freehold	Freehold
		FuncNonet	Propertfr				Plant,
		Land and	Improve-	Development	Derasar		Equipment
		Buildings f	ments f	Costsf	Complex f		and Utensils f	Total f
(a)	COST
	As at 1 January 2022 Additions	9,598,681 37,119	4,470,712	401,844	6,751,214		1,287,914 3,602	22,510,365 40,721
	As at 31 December 2022	9635800	4,470.712	401,044	6.751 214		1,201,516	22 551 006
	DEPRECIATION
	As at1 January 2022 Charge for the year Impairment		2,718,055 447,071	401,844			1,253,636 19,169	3,971,691 466,240 401,844
	As at 31 December 2022		3,165,126	401,844			1,272,005	4 839775
	NET BOOK VALUE
	As at 31 December 2022	9,635,800	1,305,586		6,751,214		18,711	17,711,311
	As at 31 Decamber 2021	9598 601	1 752,657	401 044	6,751	214	34.270	10530674
	Development costs off401,844 relating to preliminary costs for during the year,			the future development		ofthe	Oshwal Centre were impaired
b)	The net book values ofthe freehold functional		land and buildings	comprise:
							2022	2021
	Oshwal House Assembly Halls Oshwal Ekta Centre Oshwal Shakti Centre Oshwal Shanti Centre						f 1,540,178 2,612,791 2,411,375 544,006 2,527,450	f 1,518,440 2,612,791 2,411,375 528,625 2,527,450
							9838800	0,690901

(a)	Analysis offunds
		Balance at		Movements In 2022			Balance at
Restricted Funds		31.12.2021 f	Incoming	Outgoing f	Transfers f		31.12.2022 f
(I) (ii) (iii) (iv) (v) (vi)	Derasar Maintenance Jivdaya - Anukampa Fund Relief Fund Jamnagar Medical Camp Macchu Beraja School Derasar Extension	112,474 5,445 23,589 8,649	1,218 16,403	(1,218) (20,223)			108,654 5,445 23,589 8,649
(vii) (viii) (ix) (x) (xi)	Basnet Gaun School Nepal Water Filter Swamivatsalya for India Covid Funding Ukraine Appeal	5,715 7,618 8,452 5,516	4,993	(5,715) (4,993)			7,618 8,452 5,516
Unreetrlcted Funds Total Funds		177,458 22,503,153 22 68D 611	22,614 1,794686 1 817300	(32,149) ~1,826 172 ~1858321		-	167,923 22471,667 22 63959D

			Balance at		Movements ln 2021	Movements ln 2021	Balance at
			31.12.2020	Incoming	Outgoing	Transfers	31.12.2021
	Restricted Funds			K	6	E	E
	(i) Derasar Maintenance (ii) Jivdaya - Anukampa Fund (iii) Relief Fund (iv) Jamnagar Medical Camp (v) Macchu Bere)a School (vi) Derasar Extension (vii) Basnet Gaun School Nepal (viii) Water Filter (ix) Swamivalsalya for India (x) Covid Funding		109,930 5,445 23,589 8,649 5,715 7,618 8,452	2,123 13,665 42,261 35,841	(2,123) (11,121) (30,325)	(42,261)	112,474 5,445 23,589 8,649 5,715 7,618 8,452 5,516
	Unrestricted Funds Total Funds		169,398 22 226,347 22 395745	93,890 1 282 D49 1 375939	(43,569) ~10475D4 ~1091073	(42,261) 42 261	177,458 22,503153 22 680611
10.	(b) Analysis ofFunds by Net Assets -2022
				Fixed	Net Current	Funds	Funds
				Assets	Assets	2022	2021
	Restricted Funds						f.
	Jivdaya - Anukampa Fund Relief Fund Jamnagar Medical Camp Macchu Beraja School Water Filter Basnet Gaun School Nepal Covid Funding Swamivalsaiya for india				108,654 5,445 23,589 8,649 7,618 5,516 8,452	108,654 5,445 23,589 8,649 7,618 5,516 8,452	112,474 5,445 23,589 8,649 7,618 5,715 5,516 8,452
	Unrestricted Funds			17711314 17711314	167,923 4760353 4 928 276	167,923 22,471,667 22639 580	177,458 22.503 153 22 68D 611
10.	(c) Analysis ofFunds by	Net Assets -2021
						Total	Total
				Fixed	Net Current	Funds	Funds
				Assets	Assets	2021	2020
	Restricted Funds			E		6
	Jivdaya - Anukampa Fund Relief Fund Jamnagar Medical Camp Macchu Beraja School Water Filier Basnel Gaun School Nepal Covid Funding Swamivatsalya for India				112,474 5,445 23,589 8,649 7,618 5,715 5,516 8452	112,474 5,445 23,589 8,649 7,618 5,715 5,516 8452	109,930 5,445 23,589 8,649 7,618 5,715 8452
	Unrestricted Funds			18,538677	177,458 3964476	177,458 22,503,153	169,398 22226347
				18538677	4141934	22 68D611	22 395 745

At 31 Dec operating	ember 2022 the Chadty has commitments to make f leases as follows:	uture lease payments under non-c	ancellable
		2022f	2021
Not later than 1 year		13,450	16,146
Later than	1 year and not later than 5years		13,455
		13450	29601

NET D	BT				At	1 January	Cashflows	At 31 December
						2022		2022
Cash at	bank				4,230,902		1,011,282	5,242,184
FINANCIAL INSTRUMENTS
							2022	2021
Financial	assets measured	at	amortised	cost			69,508	132,426
Financial	liabilities measured		at amortised cost				391,933	231,195