## ## ## |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| ## ##