##
##
|Charit||Number:|274942||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Com|an|Number:|01340080 (England||and||Wales)||||
|Re istered Office:|||Brahma jyoti||||||||
||||The Lea on Western||Avenue||||||
||||Denham||||||||
||||Buckinghamshire||||||||
||||UB9 4NA||||||||
|Trustees:|||Trustees,
who are||also||directors|under||company|
||||law, who served|during|||the year and|||up to the|
||||date of this report||were||as follows:||||
||||V D Nakarja||||||||
||||A Popat||||||||
||||K Nakarja||||||||
||||J Sakaria||||||||
||||S J Chatwani||||||||
||||H V Sakaria||||||||
|Auditors:|||CapShire
Audit
Ltd||||||||
||||Chartered
Accountants|||and Statutory|||Auditors||
||||86-90 Paul street||||||||
||||London
EC2 A 4NE||||||||
|Bankers:|||Barclays Bank UK|pic|||||||
||||Building 315,Heathrow||||Airport||||
||||Hounslow,
Middlesex||||||||
||||TW6 2JJ||||||||
##
##
##
|||||||PAGE|
|---|---|---|---|---|---|---|
|Trustees'
Annual
Report||||||1-6|
|Independent|Auditor's|Report||||7-9|
|Consolidated|Statement||of Financial||activities||
|(Includes
an|income and||expenditure||account)|10|
|Consolidated|statement||of financial||position||
|Company
statement
of||financial||position||12|
|Consolidated|Cashf low||Statement|||13|
|Notes to the|Financial|Statements||||14-21|
##
##
|ancial
and|other performance
indicators
duri|ng
the year for the group were|as follo|ws:|
|---|---|---|---|---|
|||Garou
2022|~Gro|2021|
|Total Income||2,822,709||852,266|
|Net income|over expenditures|2,159,095||539,939|
|Unrestricted|fund|2,944,702|2,762,707||
|Restricted|fund|1,977,100||Nil|
##
##
##
##
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||Notes|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||F.||E|E|
|INCOME FROM:||||||||
|Donations
and legacies||||848,182|1,974,204|2,822,386|851,498|
|Investment
income||||323||323|768|
|Total income||||848 505|1 974 204|2 822 709|852 266|
|EXPENDITURE ON:||||||||
|Charitable
activities:||||||||
|Congregational
activities||||~620 417|~43 197|~663 614|312 327|
|Total Expenditure||||~620 417|~43 197|663 614|312 327|
|NET INCOME||||228,088|1,931,007|2,159,095|539,939|
|Transfers
between|funds|||~46 093|46 093|||
|||||181,995|1,977,100|2,159,095|539,939|
|RECONCILIATION||OF FUNDS:||||||
|Total funds brought||forward||2 762 707||2 762 707|2 222 768|
|Total funds carried||forward|15|E2 %44~72|F-~77~M|F49~~2.|&~62.~7|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||NOTE|Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|FIXEDASSETS|||||||
|Tangible
assets|||7 242 202||7 242 202|7 236 178|
||||7,242,202||7,242,202|7,236,178|
|CURRENT ASSETS|||||||
|Work in progress||10||149,215|149,215||
|Debtors||11|21,376||21,376|46,899|
|Cash at bank and in hand|||649 474|1 827 885|2 477 359|965 288|
||||670,850|1,977,100|2,647,950|1,012,187|
|CREDITORS: Amounts|falling||||||
|due within
one year||12|723 592||~723 592|727 017|
|NET CURRENT
ASSETS/(LIABILITIES)|||~52 742|1 977 100|1 924 358|285 170|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||7,189,460|1,977,100|9,166,560|7,521,348|
|CREDITORS: Amounts|falling||||||
|due after more than one year||13|~4244 758||~4244 758|~4758 641|
|NET ASSETS|||||||
|REPRESENTED BY|||||||
|Unrestricted
funds||15|2,944,702||2,944,702|2,762,707|
|Restricted
funds||15||1 977 100|1 977 100||
|TOTAL FUNDS|||E2~4MfL2|E1.32~799|64.~~Q2.||
##
|||||||2022||2021||
|---|---|---|---|---|---|---|---|---|---|
|||NOTE|Unrestricted||Restricted|Total||Total||
||||funds||funds|funds||funds||
|FIXEDASSETS||||||||||
|Tangible
assets|||7,242,|202||7,242,|202|7,236,178||
|Investments||||100|||100||100|
||||7,242,|302||7,242,|302|7,236,278||
|CURRENT ASSETS||||||||||
|Debtors|||39,834||149,215|189,049||35,866||
|Cash at bank and in hand|||616|296|1 827 885|2 444|181|899|435|
||||656,130||1,977,100|2,633,230||935,301||
|CREDITORS: Amounts
due within
one year|falling|12|~708|972||~708|972|~650|231|
|NET CURRENT||||||||||
|ASSETS/(LIABILITIES)|||~52|842|1 977 100|1 924|258|285|070|
|TOTAL ASSETSLESSCURRENT||||||||||
|LIABILITIES|||7,189,460||1,977,100|9,166,560||7,521,348||
|CREDITORS: Amounts|falling|||||||||
|due after more than one year|||~4244|758||~4244|758|~4758|641|
|NET ASSETS|||E2~~~||EL9.ZZ~9|E~5QZ||EZ~~QZ||
|REPRESENTED BY||||||||||
|Unrestricted
funds||15|2,944,|702||2,944,|702|2,762,707||
|Restricted
funds||15|||1 977 100|1 977 100||||
|TOTAL FUNDS|||82 94~422||52 977 1JI42|6L92~M2.||8~72 707||
##
||||A COMPANY L|A COMPANY L|IMITED BYGUARANTEE|IMITED BYGUARANTEE|IMITED BYGUARANTEE||
|---|---|---|---|---|---|---|---|---|
||||CONSOLIDATED||CASHFLOW STATEMENT||||
|||FOR THE YEAR ENDED||||31DECEMBER|2022||
||||||||2022|2021|
|Net movements
in funds|||||||2,159,095|539,939|
|Depreciation|||||||6,501|5,438|
|Movement
in work in progress|||||||(149,215)||
|Movements
in Debtors|||||||25,523|46,713|
|Movements
in Creditors|||||||~121 564|~239 134|
|Cash from operating
activities|||||||1,920,340|352,956|
|Cash flow from investment|||activities||||||
|Purchase
of tangible
fixed||assets|||||12 525|~809 962|
|Cash used in investment||activities|||||12 525|~809 962|
|Cash flow from financial|activities||||||||
|Additional
loans|||||||16,500|507,188|
|Capital repaid
on loans|||||||412 244|~560 952|
|Cash from financial
activities|||||||395 744|53 764|
|Increase/(Decrease)
in cash|||and cash equivalent||||1,512,071|(510,770)|
|Cash equivalent
at the start|||of the|year|||965 288|1 476 058|
|Cash and cash equivalent||at|the end of the||year||6~~7~9||
|Anal
sis of movement
in|net debt||||||||
|||||At 01.01.2022||Cash flow|Other non-|At 31.12.2022|
||||||||~cash
h
n es||
||||||||f:||
|Cash
tch cash equivalents|||||||||
|Cash in hand
at bank||||965 288
6~i~L8||1 512 071
5~~21||2 477 359|
|Borrowings|||||||||
|Debt due within
one year
Debt due after one year||||(182,361)
~4758 641||(118,139)
513 883||(300,500)
~4244 758|
|||||6~4941|0|: 6u~72|||
|Total|||||||||
##
##
##
||||Unrestricted|Unrestricted|Restricted|2021|2021|
|---|---|---|---|---|---|---|---|
||||funds||funds|Total||
|INCOME FROM:||||||||
|Donations
and legacies|||851,498|||851,498||
|Investments||||768|||768|
|Total income|||852|266||852 266||
|EXPENDITURE ON:||||||||
|Charitable
activities:||||||||
|Congregational
activities|||~312|327||~312|327|
|Total Expenditure|||~312|327||~312|327|
|NET INCOME|||539,939|||539,939||
|Transfers
between|funds|||||||
|Net movement
in funds|||539,939|||539,939||
|RECONCILIATION|OF FUNDS:|||||||
|Total funds
brought|forward||2 222|768||2 222 768||
|Total funds carried|forward|||||||
|||16||||||
##
##
|||FOR TH|E Y|EAR ENDED 31DE
(Continued)|CEMBER 2022|||
|---|---|---|---|---|---|---|---|
|3.|Donations
and legacies|||||||
|||||Unrestricted|Restricted|2022|2021|
|||||Funds|Funds|Total|Total|
|||||E|||E|
||General
donations|||||||
||Donations|||689,210|1,974,204|2,663,414|762,142|
||Gift aid received|||158 972||158 972|89 356|
|||||68424M82||||
|4.|Investment
Income|||||||
|||||Unrestricted|Restricted|2022|2021|
|||||Funds|Funds|Total|Total|
|||||E||||
||Interest
on deposits|||323||323|768|
||||||||EZ65|
|5.|Expenditure
on congregational||activities|||||
|||||Unrestricted|Restricted|2022|2021|
|||||Funds|Funds|Total|Total|
||Analysis
of total expenditure|||||||
||Charitable
activities;|||||||
||Premises
cost
General
administrative
Repairs
& maintenance|cost
contracts||124,536
11,154
53,381||124,536
11,154
53,381|89,311
4,182
25,537|
||Governance
cost
Sermon and day to day
Donations
Interest
on bank loan
Bank & other charge|costs||3,000
59,092
47,410
109,030
2,245||3,000
59,092
47,410
109,030
2,245|13,440
14,873
68,064
70,028
16,057|
||Depreciation
Functions
and religious
Exchange loss|events||6,501
204,068|43 197|6,501
204,068
43 197|5,438
5,345
32|
||||||64.L19.2|||
||||||64.L19|.2||
|---|---|---|---|---|---|---|---|
|Support Costs||||||||
|The
costs
above
include
following:||all|support|costs
of the|charity.|Support
cost|comprises
the|
||||Unrestricted||Restricted|2022|2021|
|||||Funds|Funds|Total|Total|
|||||F.|||E|
|Premises
cost
Office & administrative
General
maintenance
Interest
on bank loan|cost
contracts|||90,017
5,786
13,564
109,030||90,017
5,786
13,564
109,030|68,578
3,541
7,951
70,028|
|Governance
cost
Bank & other charge
Depreciation||||3,000
2,245
6 501
623.~5||3,000
2,245
6 501
62M2-*43.|2,000
16,057
5 438|
##
##
|This is stated after charging|||
|---|---|---|
||2022|2021|
|Depreciation
Auditor's
remuneration
Foreign exchange
loss|6,501
3,000
47,197|5,438
2,000
32|
##
##
|Group
and Charity||||
|---|---|---|---|
||Land and
~Bii din|Furniture
fixtures
~&el
eet|Total|
|At Cost or valuation||||
|At 01.01.22
Additions
in the year
At 31.12.22|7,205,362
EZ~2%352.|137,598
12 525|7,342,960
12 525
6~2|
|Depreciation||||
|At 01.01.22
Charge for the year
At 31.12.22||106,782
6 501
612BDiu|106,782
6 551
1~2~|
|Net book value||||
|At 31.12.22||||
|At 31.12.21|EL')0'2~|||
|Cost at 31 December
2022 is rep|resente|d
by:|||
|---|---|---|---|---|
|||Land and
Build
i
a|Furniture
fixtures
~&e ui
e
t|Total|
|Land & Buildings
at cost
Impairment
of fixed assets|I|8,156,324
~950 962
67 2~~~2|150,123
6~1
1~2|E
8,306,447
~950 962
67~~~|
||||||2022||2021|2021|
|---|---|---|---|---|---|---|---|---|
|Construction|contract||in progress||G~ou|~Cha it|~Go u|~Cha it|
|Debtors: Amounts||falling||due within|one year||||
||||||2022|||2021|
||||||~Gou|~Cha it|~Gr o|~Cha it|
|Prep ayments
Other debtors
Amount
due|from|fellow|||21,376|21,376|35,866
11,033|35,866|
|subsidiary||||||167 675|||
|||||||61523?69|||
##
##
|Creditors:
Amounts
fa|lling|due with|in
o|ne year||||
|---|---|---|---|---|---|---|---|
|||||2022||2021||
||||G~ro||~Charit|G~ro|~Charit|
|||||||E||
|Trade creditors
Accruals
& deferred
income
Bank loans
Other loans (note-13)
Amount
due to fellow|||8,400
414,692
135,500
165,000||408,472
135,500
165,000|140,381
404,275
82,360
100,001|404,275
82,360
100,001|
|Subsidiary|||||5Z58~7&|57~77|63 595
5654hZ5Z|
|Creditors:
Amounts
falling||due after|more|than one|year|||
||||||2022||2021|
|||||G~oo|C~ha it|G~oo|C~hi t|
|Bank loans
- due within
Other loans -due within|1-2
1-2|years||135,500|135,500|247,080|247,080|
|years(note-13)||||719,750|719,750|757,500|757,500|
|Bank loans
—due within
Other loans -due within|2-5
2-5|years|2,624,007||2,624,007|741,240|741,240|
|years (note-13)||||765,501|765,501|1,138,251|1,138,251|
|Bank loans
- due more|than|5 years||||7 874 575|7 874 575|
|||||||6&255~6|54,Z55~&|
##
##
|Other L|oans:|||||
|---|---|---|---|---|---|
|Analysis|of the|maturity
of|other loan|2022|2021|
|Amounts|falling|due within|1 year:|E16XQQQ|f1QQJ1Q1|
|Amounts|falling|between
1-2years:||f~1~|6~~7QQ|
|Amounts|falling|due between|2-5 years:|fZ65%Q1|KL138.251|
##
##
|Restricted|funds|||||||
|---|---|---|---|---|---|---|---|
|Donations|||1,974,204|(43,197)||46,093|1,977,100|
|Unrestricted|funds|||||||
|General
fund||2 762 707
EZM62~7|848 505
82 EE2 7&9|~620 417
52666~6E2|E|~46 093
-|181 995
52 1551425.|
##
|Analysis
of net assets betwe|en
funds||||||
|---|---|---|---|---|---|---|
|(i)
Group|Unrestricted|Restricted|2022||2021||
||Funds|Funds|Total||Total||
|Tangible
fixed assets|7,242,202||7,242,|202|7,236,|178|
|Current
assets|670,850|1,977,100|2,647,|950|1,012,187||
|Current
liabilities
Non-current
liabilities|(723,592)
~4244 758||(723,592)
~4244 758||(727,
~4758|017)
641|
||82 9944 7
2|El 92~0II|6~4
21MQ2||E2 2EL2|707|
|(ii)
Charity|Unrestricted|Restricted|2022||2021||
||Funds|Funds|Total||Total||
|Tangible
fixed assets|7,242,202||7,242,|202|7,236,178||
|Investments|100|||100||100|
|Current
assets|656,130|1,977,100|2,633,230||935,301||
|Current
liabilities|(708,972)||(708,972)||(650,231)||
|Non-current
liabilities|~4244 758||~4244|758|~4758|641|
##