2022-06-30-accounts

Governors	Narendra Thakrar	Narendra Thakrar
	Gorande Bhatt
	Mahendra Patel
	Rasika Patel
	Ashit Roy Thakkar
	Subahu Patel
	Ajay Jobanputra
	Pradeep Dhamecha
	Rajubhai Raichura
Charity number	277833
Principal address	Shri Sanatan Hindu		Mandir
	P.O. Box700
	Wembley
	HAO 4TA
	Shri Nathji Sanatan		Hindu	Mandir
	159-161Whipps	Cross Road
	Leytonstone
	E11 1NP
Auditors	KLSA LLP
	Kalamu House
	11Coldbath Square
	London
	EC1R 5HL
Bankers	Punjab National	Bank (International)			Ltd
	188 Ealing Road
	Wembley
	Middlesex
	HAO 4QD
Website	www. svnuk. org

					Page
Governors'	report				1-4
Independent	auditor's	report			5-7
Consolidated	statement		offinancial	activities
Group and Charity balance sheets
Consolidated	statement		ofcash flows		10
Notes to the	consolidated		financial	statements	11-20

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2022	2022	2022	2021	2021	2021
			Notes		f	f	f	f	f
Income and endowments			from:
Donations				1,153,855	10,244	1,164,099	513,233	4,527	517,760
Other income				33,865		33,865	94,960		94,960
Total Income				1,187,720	10,244	1,197,964	608,193	4,527	612,720
d t
Raising funds		4		732,929		732,929	616,510		616,510
Charitable activities				11,782		11,782	18,756		18,756
Total expenditure				744,711		744,711	635,266		635,266
Net Income/(expenditure)			for
the year/
Net movement	in funds			443,009	10,244	453,253	(27,073)	4,527	(22,546)
Fund balances	at 1 July	2021		13,650,659	4,527	13,655,186	13,677,732		13,677,732
Fund balances	at 30June
2022				14,093,668	14,771	14,108,439	13,650,659	4,527	13,655,186

				Group	Group	Charity	Charity
				2022	2021	2022	2021
Fixed assets			Notes	8	8	8	8
Tangible assets			10&11	16,373,950	16,484,470	16,373,950	16,484,469
Investments			12
				16,373,950	16,484,470	16,373,952	16,484,471
Current assets
Debtors				2,094		150,577	77,378
Cash at bank and	in	hand		540,891	149,754	332,038	39,864
				542,985	149,754	482,615	117,242
Creditors: amounts one year		falling due within		~276 587	~79038	~756 194	~46 5tl3
Net current liabilities				326,398	70,716	326,421	70,739
Creditors: amounts		falling due after
more than one year			16	~2594,940	~2,900,000	~2,591,910	~2,900000
Total assets less	current liabilities			14,108,439	13,655,186	14,108,463	13,655,210
Income funds
Restricted Funds				10,244	4,527	10,244	4,527
Unrestricted funds
General unrestricted		funds		13,248,113	12,809,630	13,248,137	12,800,601
Revaluation reserve				850,082	850,082	850,082	850,082
				14,108,439	13,655,186	14,108,463	13,655,210

						2022		2021
				Notes	f			8
Cash flows from operating		activities
Cash (used in)/generated	from operations			18			525,022
Investing activities
Proceeds from disposal	oftangible		fixed	assets	66,115
Interest received
Net cash used In investing		activities					66,115
Financing activities
Proceeds from new bank	loan							2,900,000
Repayment of bank loan					(200,000)			(2,748,692)
Net cash generated from/(used)			in
financing activities							(200,000)
Net (decrease)/increase	in	cash	and cash
equivalents							391,137
Cash and cash equivalents		at beginning		ofyear			149,754
Cash and cash equivalents		at end ofyear					540,891
Relating to:
Cash at bank and in hand							540,891

3	that period, or in t and future periods. Donations	he	period	ofthe revision and future p	eriods where the re	vision affects both	current
						2022f	2021 f
	Donations and gifts					1,164,099	513,233
	Other income					33,865	94,960
						1,197,964	608,193
	Induded under other Income is CJRS516.5k (2021:95k), insurance				claim 56.2k (2021.nil)	and gain on disposal	of equipment
	amounting toct1k.
4	Raising funds
						2022	2021
						6	6
	Cost of eneratin	funds
	Administration costs					323,177	301,961
	Staff costs					352,356	258,980
	Depreciation and impairment					55,552	55,569
	Cost of generating	funds				731,085	616,510
	Administration costs		indude	finance cost of661,407 (2021:f114,513).
	Charitable activities
	Religious activities					11,782	18,756
						742,867	635,266
	Analysis by fund
	Unrestricted funds					742,867	635,266
						742,867	635,266
5	Charitable activities
						2022f	2021 6
	Share ofgovernance		costs	(see note 6)		6,933	10,394
	Share of support costs (see			note 6)		4,849	8,362
						11,782	18,756

Support	costs
		Support	Governance	2022	2021	Basis ofallocation
		costs	costs
		E	f	f	f
Audit fees			4,633	4,633	4,450	Governance
Non-Audit	fees		2,300	2,300	5,944	Governance
Legal and	professional	4,849		4,849	8,362	Support
		4,849	6,933	11,782	18,756
Analysed	between
Charitable	activities	4,849	6,933	11,782	18,756

The average	monthly number employees during the	year was:
		2022	2021
		Number	Number
Pujari		5	4
Admin staff		11	11
		16	15
Employment	costs	2022 f	2021 E
Wages and salaries		323,259	248,553
Social security costs		29,097	10,427

Group tangible f	ixed	a	ssets
				Land and buildings	Fixtures, fittings		Total
					&	equipment
Cost
At 1 July 2021				17,330,450		213,707	17,544,157
Disposals						(54,967)	(54,967)
At 30June 2022				17,330,450		158,740	17,489,190
Depreciation and	impairment
At 1 July 2021				937,925		121,763	1,059,688
Depreciation charged		in	the year	55,486		66	55,552
At 30June 2022				993,411		121,829	1,115,240
Carrying amount
At 30June 2022				16,337,039		36,911	16,373,950
At 30June 2021				16,392,525		91,944	16,484,469
The Board of Governors			are of the opinion	that the market values of the freehold		properties	are not less than
their book value at 30		June 2022.
Charity tangible	fixed assets
				Land and bugdlngs	Fixtures, fittings		Total
					&	equipment
Cost
At 1 July 2021				17,330,450		180,525	17,510,975
Disposals						(54,967)	(54,967)
At 30June 2022				17,330,450		125,558	17,456,008
Depreciation and impairment
At 1 July 2021				937,925		8S,581	1,026,506
Depreciation charged		in	the year	55,486		66	55,552
At 30June 2022				993,411		88,647	1,082,058
Carrying amount
At 30June 2022				16,337,039		25,763	16,373,950
At 30June 2021				16,392,525		91,944	16,484,469

	Group	Charity
2022	2021	2022	2021
		2	2

	Shri Vall Wales.	a	bh Nidhi —U	bh Nidhi —U	K holds	100% share capital of S	hrico Limited, a co	mpany inco	rporated i	n England &
13	Financial		instruments					2022		2021f
	Carrying		amount offinancial			assets
	Equity instruments			measured		at cost less impairment
	Carrying		amount offinancial			liabilities
	Measured		at amortised		cost		2	808497	2	947 754
14	Debtors
							Group		Charity
							2022	2021	2022	2021
	Amounts		falling due		within	one year:			f	f
	Amounts		due from	subsidiary					148,483	77,378
	Prepayments						2,094		2,094
							2,094		150,577	77,378
15	Creditors:		amounts	falling due within one year
							Group		Charity
							2022	2021	2022	2021
							f	f	f	f
	Bankloans						108,090		108,090
	Taxation and social security						4,250	4,959
	Other creditors						57,196	43,504	45,104	43,504
	Accruals	and deferred			income		47,051	30,575	3,000	3,000
							216,587	79,038	156,194	46,504

16	Creditors: amounts	Creditors: amounts	falling after more than one year
				2022	2021
				F	8
	Loans	and Overdrafts
	Bank loans			2 700 000	2900000
	Payable	within one	year	108,090
	Payable	after one year		2 591 910	2 900000

	were they party to any transactions that	were they party to any transactions that	were	entered in to by the Charity.	entered in to by the Charity.	entered in to by the Charity.
	At the balance sheet date, the amount		owed	from Shrico Limited amounted			tof148,494 (2021:77,378).
	One ofthe trustee's has provided	a guarantee		for the CBILreceived		by the	charity, amounting	to 62.7m as
	at the year-end.
18	Cash generated from operations						2022f	2021 8
	Surplus/ (Deficit) for the year						442,105	(22,546)
	Adjustments for:
	Investment income recognised in	statement		offinancial	activities
	Depreciation and impairment of tangible		fixed assets				55,552	55,569
	Movements in working capital:
	Decrease/(increase) in debtors						(2,094)
	(Decrease)/increase in creditors						(229445599	48 668
	Cash generated from operations						525 022	15645
9	Events after reporting period The charity has repaid a sum off250k		ofthe	loan post	balance sheet date.