Charity Registration No. 277833 SHRI VALLABH NIDHI- UK ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 KLSA SHRI VALLABH NIDHI- UK LEGAL AND ADMINISTRATIVE INFORMATION Governors Narendra Thakrar Gorande Bhall Mahendia Patel Rasika Patel Ashil Roy Thakkar Subahu Patel Ajay Jobanpulra Pradeep Dhamecha RajLtbhai Ralchura Charity number 277833 Principal address Shri Sanatan Hindu Mandir P,0. Box 700 Wembley HAO 4TA Shri N8lhji S8n8t8n Hindu Mandir 159-161 INhipps Cross Road Leytonstone E11 1NP Auditors KLSA LLP Kalamu House 11 Coldb8th Squarè London EC1R 5HL Bankers Punjab National Bank {Inlernalitsnall Ltd 168 Ealing Road Wembley Middlc- HAO 4QD Website www.svnuk.OTg SHRI VALLABH NIDHI- UK CONTENTS Page Governors, report Independent audilotrs report Consolidated slalernenl vf firidFiu￿l ¥¥liviliyts 10 Group and Charity balance sheets Consolidalad statement of cash flows 12 Notes lo the consolidated Iinancial statements 13-23 SHRI VALLABH NIDHI- UK GOVERNORS. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The Govemors present their report and ¢onsolidaled financial slalemen15 for the year ended 30 June 2024. Tlitl Lutisolidaled fiiiaiiuial stateineiits have been Prepared in aGGordanGe Wlth the aGGounting poliGies set out in note I lo the consolidated financial slalemenls and ￿mplY with the Charities Act 2011. con51ilulion of the charity "Accounting and Reporting by Charities.. Statement ol Hecomrn8ndèd vractice applicable io chariiies preparing their consolidated accounts in ac¢ord3nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland Icharilies SORP FRS 1021 lettective 1 January 2t11Y}" Objèctives and actlvities The objects of the Ghailty ale to". la) advance the Hindu religlon in accordance with the leaching of Shri Vallabh and in furtherance thereof to prnvidp and maintain a templè for public religious worship and other relioious charitable purpose. Ib) educate the public In the HindLJ and English cultures and to that end lo provide facilities for the leaching ol Gujarali, Hindi, San8kril and English. le} relieve poverty sickness and distress. Idl promote religious welfare of Hindus in and furtherance thereof lo provide guidance and advice. The Board of Governors ieview the aims, objeetivès and activities of the charity each year. This report looks al whtst the eharity ha- achicvcd and the outoome6 of its work in the reporting p&riod. The Board of Govornors rgport the SU￿8&S ol Èaeh key aetivity and the benefits the chaiily has bioughl lo those groups of people thal it is set up to help. The review also helps the Board of Governors ensure the charity's aims, objectives remained focused on its slated purposes. The Board of Governors have referied lo the guidance contained in the Charity Commission's general guid8n¢e on public benefit when reviewing the charity's aims arid objectives and in planning its future aclivilies. In particular. the Board of Govérnors consider how planned activities will contribute lo the aims and objectives that have been sel. One of Shii Vallabh Nidhi - UK'S principal aims and objectives is lo advallc8 the Hindu religion in accordance with the teaching of Shri Vallabh and in furtherance thereof to provide and maintain a temple ft>i public r81igiou$ worship, other religious charitable purpose 80 playing an ittJport8nt part in buildin9 2 better society. Volunteèrs and staff Tho valiJnlopr8 and staff are involved in general management and core activities of the Charity.. Providing ServI￿S in various departments including sectjrity, administration, congregation organisalion. kitchen, audiolvideolphotography, media ielalion8, public relations, youth activities, children aclivilies, adult activities el¢. Organising Hindu religion fesllvals The Board of Governors would like lo acknowledge the tiomèndous efforts of the volunieers, staff and the many supporters of the Charity for their kind and generous donations as well as their continued support in helping the Gharily lo achieve 115 objectives. Achievements and performance Financial review The incoming resources and the outgoing resources have increased from the previous year, dLJe lo charity. Inoieased activilies, the gross donations received for ihe year wa5 £'1.55m12023', £1.28mi. nei Income was £590k 12023.. £299kl. Al the period end, the nel assets of the Charity are £15.Om12023.' £14.4ml. SHRI VALLABH NIDHI- UK GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 R¥?D¥rves yoliGy 1115 the policy of the charily that unreslricled funds whi¢h have not been designated for a specitic use should be maintained Al 8 level equivalent lo between six lo eight weeks expenditure. The Governors considers that reserve5 al this level will ensure that, in the event tsf a significant drop in funding. they will be able lo continue the charily's ¢urrcnt aolivitic- whilc oonsidcration is givèn to ways in which additional fvndg may b• raised. This level of regor￿S has been maintained throughout the yeai. Golng concern In the current year and slnce reopening of the temple, the chartt8bl& activities have normalised wllh gross income for the group £1.55m12023.. £1.28ml.The nel movement in funds lor the year was nel income of £590k12023.. 299kl. The governors, are confident. based on the country reopening and devotees allending the temple, that (he charity will idve ￿u(fI￿1￿{ll IL*iiab Iv Lviiliiiu8 lu Ineet ils liabilities a5 they tall due for at least 12 month5 frorn the date of 8pprnvAI of thè consolidated finanaal sialements and therefore have prepared the ¢onsolidaled financial slalemenls on a going concern basis. Rlsk management and internal ¢ontrol Risk management The Doard of Governors is re3ponsible for p.nqiJring pffp.rtivr ri-.k rnanagcmcnt. and that internal controls aro In placè to appropriately manage the risk exposure of the Charity. in particular, the Board of Govemois has considered.. the major risks to which the Chaiily Is exposed., the potential impact and probability associated with each risk., existing internal controls and accountabilily lor them., mitigatino actions needed lo reduce ea¢h risk to a level Ihal the Governors ¢onsiders to be acceptable. All significant adivities undertaken are subject lo risk review as part of the initial projeet 8ssessmenl and Implementation. The Board of Governors reviews the major ii5ks that the Charity fa￿5 on a regular basis and conliols ar6 established as appiopriale. Internal control The Governors have overall responsibility ftsr ensuring that the Charity ha5 appropriate systems of inlemal controls acros5 thè Charity and its subsidiaiies. The key inleTnal controls used by the Charity and Ils subsidiaries include.. Formal agendas and minutes of all 8oard of Governors meetings Detailed budgetary presenlaliori for approval by the Board of Govemors Established organisational structure arid lines of reporting Engagement ol external professional advisois 85 and when necessaiy Through the controls established for the running ol the Charity, the Board of Gc>vernors are satisfied that th@ major risks identified are adequately miligaled where necessary. It is recognised that the controls established can only provide reasonable bul not absolute assurance that rnajor iisks have been adequately managed, SHRI VALLABH NIDHI- UK GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Activities Lsndertaktsn in the year The following activities were undertaken during Iho year.. The charity has continued lo help local cornrnunilies from the donations given generously. All the Hindu festivals weie celebrated and very well altgnded by many dgvotg0S. Extension and refurbishment of existing Shiv mandir was complétsd during tha yèar. Renovations were carried oul al Wembley temple with vibrant red colour enhdncing mdiidir atmosphere. Diswur5e on Shre8tnad Bhagwalji, Shri Gilaji and Shri Ramayan ji by guan ganga of Triveni Ulsav by ShahslpilhadhishwaT HDH Goswani 108 Shree Dwarkeshlalji Maharajshii. We have seen a significant in¢rea6e in regular adivilies in all aTeas. In accordanoè with th8 main objeclivo of following and propagating thè Sanalan faith and community cohesion with tnembers and the wider wmmynily, all activities undertaken fulfilled these aims and objecliv8S. Community cohesion an important aspect of th8 charity's work. The current facilities with the further developments being undertaken will enable the charity lo address and delivfyr programtnes and events lo the changing dèmographic of the members. Future plans The charily has identified the fc>llowing medium-term objectives which will be reviewed on an annual basis.. Extension and refurbishment of existing dining area. Expansion of admlnislralive ¢apacilies Ihrtsugh extension of the existing adminislralion office area. Plans for further building works lo enhance mandii of both Wembley and Leylonslone locations. Tts continue lo organise seminars, lectures and events in order lo promote Ihe principle8 of the Sanatan faith. The Members have a vast resource of knowledge and experience which shall be used posilivelyfor all future plans. Structurè, govèrnanc8 and managemènt Shri Vallabh Nidhi- UK, Registered Chaiily No. 277833 was founded in 1979. The charity is an unincorporated charity which is governed and operated within the requirement sel out in its conslilulion, The adminislralion and control of the charity and ils assets are vested in a Board of Governors. The Board consists of g membeis12023'. 9 metnbeisl. Princlpal actlvlties In accordance with the objects, the principal activity of the Gharily is the running of the places of worship fo)r Hindu Community in the UK. To this end the Charity runs two temples. one in Wembley. Middlesex and another in Vvhipps Cross Road, Leylonslone. In addition, Ihe Charity arranges periodic religious functions (Kalhas and Saplas) and celebrates all the majoT festive days in the HindLJ calendar. SHRI VALLABH NIDHI- UK GOVERNORS, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Freehold propertle5 The Charity owns Ireehold properties in Wembley and Leyionslone. There is a temple on each of these freehold properties. Gov8rnors The GovernoTS who served during Ihe year were.. Narendra Thakrar Gorande Bhall Mahondra Patcl Rasika Patel Ashit Frs. These iridividuals work alongside existing Govemors for a period of three years before considering their appointmènt. Key management personnèl and rèmuneration policy The key management personnel ofthe charity are the Governors who weie not rgmunerated nor paid any expense¥. Statement of Governors. responsibilities The Governors are iesponsible for preparing the Governors, Report and the consolidated financial slatemenls in accord8nc@ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢d¢el. The law applicable to charities in England and Wales requires the Governors lo prepare consolidaled financial statements for each financial year, which give a true and fair view ol the stale of affairs ol the charity and of the incoming resources and application of resources of the charity for that yèar. In preparing these consolidated financial slalements, the Governors are required lo.. select suitable accountiiig pti1iLi￿S rjrid Ilieii apply Ihein consislently-, observe the mfylhods and principles ill the Charities SORP., make judgements and eslimales that ar& reasonable and piudenl., stale whether applicable accounting standards have been frjllowed. subject to any malori81 departures disclosed cjiid gxyl¢iiiied iii Ili¥ LuiibuliiJndilions that, individually or collectively. may cast signilicanl doubl on Ihe group's ability lo continue as a going concern for a period ot at least twelve months from when the financial slalemenls are aulhorized lor iSSLJe. Our responsibilities and th& responsibilities of the Governors with respect lo going concern are describèd in the relevant sections of Ihis report. However, because not all lulure events or conditions can be piedicted. this statement is not a guarantee as to the company's ability lo continue as a going concern. Other Infomiatlon The olhei inforrnalion comprises the information induded in the annual report other than the consolidated financial statements and our auditor's report thereon. The Governors are respcinsible foi the other information contained within the annual report. Our opinion on the consolidated financial statements does not covei the other irifoimalion and we do not express any form of assuiance conclusion Ihereon. Our responsibility is lo read the olhei information and, in doing so, consider whether the other information is rnalerialSy inconsistent W￿th the financial slalemenls or our knowledge obtained in the course of the audit. or othetwise appears lo be materially Fnisslaled. If wè identify such material incor)sislencies or appaienl maleiial rniss18lemenls, we are required to determine whether this gives rise lo a maleiial misstatement in the consolidated financial slalemenls Ihemselves. If, based on the work we have performed. we conclude that IhÈre is a material misstatement of this olhei information, we are required lo report that f8Ct. We have nothing lo report in this regard. SHRI VALLABH NIDHI- UK INDEPENDENT AUDITOR'S REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 Matters on whlch we are required to report by exception In the light of the knowlèdgÈ arTrd und@rstandino nf thp parpnl And Ihp. *iJhRidixry it% enviTonment obtained in the course of the audit, we have not identified material tllisslalemenls in the governors. report. We have nothing lo report in respect of the following mallers in relation lo which the Charities (Accounts and Reports} Regulations 2008 rcquirtr u- to report to you if, in our opinion.. the informaliDn given in the cc>nsolidaled financial slalemenls is inconsistenl in any malerial respect with the Goveiiiuib. i¥yurl,' u5 sufticienl accounting records have not been kept., or the con501idaled financial slalements are not in agreement with the accounting records-, or we have noi recelved all Ihe Informatlon an(J expianatitsns we require for our audii. RTr2i>yuf12DilJilitiv¥ vf Gvvernor5 As explailled more fully in the slalemenl of Governors, responsibilities. the Govemors are responsible for the preparation of the consolid8led linancial 51alemenls and for being satisfied that they give a true and fair view, and for such intemal ￿ntrol as the Governors determine is necessary lo enable the preparation of consolidatèd finaneial slalemenls that are free from material misslalemenl, whether due lo fraud or error. In preparing the consolldaled financial slalements. the Govemors arè rèsponsible for assessing the charity's ability to continue as a going cOn￿rn, disclosing, as visions ol Ihe instrument. Financial assets and liabi1ilies are offset, with the nel amounts p185enled in the financial statements. when Iheie is 3 legally enforceablè right to set off the recognised amounts and there is an intention lo sellle on a nel basis or to realise the asset and 5ellle the liability simultaneously. SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accountit7g policies Basic financial assets Basic financial 8ssels, which include debtors and cash and bank balances, are initially measured at transaction price inr.Iiidino trAn82r.linn costs and are subsequently carried al amortised c051 usinq the effective interest method unle55 the arrangement conslilules 8 financAng Iransaclion, where the transaction is measured al the piesent valiie t)f thp fijture ieceipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Icontlnu9dl Baslc financial Ilabllllies Basic financial liabilities, including creditors and bank loans are initially recognised al Iran8action price unless the arrangement consiitutes a tldllsdoliuii, w11￿1¥ Ili¥ debt iiistruineiit is mva&vred al the pre¥ent value ol the future payments discounted al a market rale of interest. Financial liabilities Classified as payable within one year are not amortised. Debt instruments ar8 subsequently cairitsd al amorlised cost, using the effective interest iale method. Trade ¢reditors are obligations lo pay for goods OT servi￿S Ihal have been acquired in the ordinary cours& of operations from suppliers. Amounts payable are classified as ourrenl liabililies if payrnent is due within ona year or less. If not, they are presented a5 non-currenl liabilities. Trade creditors are recognised initially al IiariselLliuii yrice and subsequently measured at amortised cosi using the effect￿e Iniercst mcthod. Employee bènèflts Thè Cost of any unused holiday entillemenl is recognised in the period in which the employee's SeNi￿S are feceived. Termination benefits are recognised immedi81ely as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide teimination benefits. 1.12 Fund Accounting Unreslricled funds comprise accumulated surpluses on general funds, and these arè available for use al th discretion of the Board of Governor5 in the furtherance of the general eharitable objectives of the Charity. 1.13 Irrecoverable VAT The Charity is not registered for VAT and tts expenses are, Ih8r6fore. inclusive of VAT which cannot be recovered. Critical accounting estimatès and judgements In the spplication of the charity's accounting policies, the Governors are r&quired to make judgements, estimates alld assumptions aboLJt thp tr.2rryinu amount of assets and liabilities that are nol readily apparent from other sources. The eslimales and assoclated assumptions are based on hisloriGg1 experience and other factors Ihal are considered to be relevant. Actual results may diffei from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting 851imales are recognised in the period in which the estimate is ievised where the revision offects only Ihal peiiod, or in the period of the ravision and future peiiods where Ihe revision 8fl6cts bolh current and future periods. 16 SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINAI4CIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Critical accounting estlmates and judgements Key 50urGes of e5titniltivri uriberl¢iiiily The eslimales and assumptions which have a significant risk of causing a material adjuslmenl to the carrying amount of assèts and liabilities are as follows. Useful live5 ofproperty, plant and equipment Management reviows the useftjl lives &nd residual values of the items of property, plant and equipment on a gular basis. During the financial year, the diréetors determined no significant change5 in the useful lives ana resldual values. Income Unrestricted Restrictèd funds funds 2024 2024 Total Unrestricted funds 2023 Restricted funds 2023 Total 2024 2023 Temple donations Templa donations 513,067 513.087 724.597 724,597 Rellgious function Religious function donation5 134.384 134.384 118.864 118,884 Golakh Gultikli du&i¢aliuiib 52.428 52.428 47,258 47.258 Gift aid Gift aid 87.345 87,345 42,778 42,778 Restricted funds Dining hall repair Shiv mandir donation 39.156 415,433 39,156 415,433 28,498 28,496 Hall hire and parking Incom& Hall hire and parking Income 311.879 311,879 305,738 305,738 1,099.103 454.589 1,553,692 1.239,235 28,496 1,267.731 17 SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Other Income 2024 2023 "12,783 11,000 12,783 11,000 Expendlture on ralslng funds 2024 2023 Cost of gèneratlng funds Saplah ¢ost3 48,387 4A .8A7 Expendlturo on charltable actlvltles Charity Depreciation Costs 2024 Total Charity Depreciation ¢osts 2023 Total 2024 2024 2023 2023 Dlrect cost Staff costs Depreciation Premises expenses Adminislralion costs Religious activities Loan interest 376,558 376,558 58,715 267,560 29,853 62,258 181,764 350,763 350.763 55,752 286,408 29,199 36,695 172,571 58.715 55,752 267,560 29,853 62,258 181,764 286,408 29,199 36,695 172.571 917,993 58,715 976,708 875,636 55,752 931,388 Analysed between Unrestiicled funds Reslricled funds 917,993 58,715 976,708 865,392 10.244 55.752 921,144 10,244 917,993 58,715 976,708 875,636 55,752 931,388 Adminislralion costs include audit fees of £7,000 12023.. £4.4501. Loan interest includes accrued intèrest ol £6,93412023.' £7.6661. 18 SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Govemors None of th& Governors lor any pe15uris bviiii¥Lt¥d willi theinl reGeiv¢d any remuneration during the year. Governors. expenses Ther8 were no Governtsrs, expenses paid for the year ended 30 June 202412023.. nil}. Employ•ès Number of employoos The average monthly number employees duTing the year was.. 20Z4 Numbèr 2023 Number Pujari Admln $18ff 12 12 16 16 Employment costs 2024 2023 Wage8 and salaries So¢ial Becurity costs 345.486 31.07? 323,854 There wère no employees whose annual remuneration was £80,000 or more. Taxation The charity is èxempt from lax on Ils charitable adiwties. 19 SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Group tanglblè fi￿￿ assets Land and bulldlng• A5set5 yrtder on&tf￿¢11On FSxtures, flttlngs & èqulpment Jewo110ry Total Cost Al 1 July 2023 Additionb Transfer from asset under construction 17,330,449 29J.220 48,000 122,095 2,136 36,645 17,537.189 207.362 48.000 148,0001 At 30 June 2024 17.673.675 124,231 36,645 17,834.551 Depreciation and impalmient At 1 July 2023 Depreciation chargéd in the year 1,048.8 122,095 1.170,991 427 58,715 58.288 AI 30 June 2024 1,107,184 122,522 1.229,706 Carrying amount AI 30 June 2024 16,566,491 1,709 36,645 16,604,845 At 30 June 2023 16.281,553 48,000 36,645 16,366,198 The Board of Governors are of the opinion that the market values of the freehold propertiès are not less than their book value a130 June 2024. The exlenslon and refurbishrnenl of the Shiv mandir with the cost of £344.111 was completed on 02 Fèbruary 2024. 20 SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 11 Charlty tangible fixed assets Land and bulldlii A55eis yndèr con8tructlon Flxture8. flltlngs & euuipment Totql J&wellory Cost Al 1 July 2023 Additlullb Transfer from asset under construction 17,330,449 290,220 48,000 88.913 2,136 36.645 17,504.007 297,362 48,000 148,0001 At 30 June 2024 17.673.675 91.049 36,645 17.801,369 Depreciation and Impaimient At 1 July 2023 Depreciation charged in the year 1,048.896 88.913 1,137,809 427 58.288 58,715 At 30 June 2024 1,107,184 89.340 1,196,524 Carrying amount At 30 June 2024 16,5ee.491 1.709 36,645 16.604,845 At 30 June 2023 16.281,553 48,000 38.645 16.366,198 The BoaTd of Govèrnors are of the opinion that the market values of the fro$hold properties are not less than their book value al 30 June 2024. The extension and refurbishmént of the Shiv mandir with the eost of £344,111 was cornplèled on 02 February 2024. 12 Fixèd asset Investments Group Charlty 2023 2024 2023 2024 5nveslment in subsidiary Shri Vallabh Nidhi Wales. UK holds 100QA share capital of Shrico Limited, a Company incorporated in England & 21 SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 13 Flnanclal instruments 2024 2023 Carrylng amount of flnanclal assets Equity inslrumenls measured al cost less impairment Carrying amount of financial liabilltlcs Measured al amortised cost 2 030 262 2 321239 14 Debtors GroiFP e.harity 2024 2023 2024 2023 Amounts falling du8 withln one year: Trade debtors Amounts due from subsidiary Prepayments and other receivables 12,912 5.962 25,440 21.363 39 39 6.001 12,912 25.440 21.402 15 Creditors: amounts falling duè wlthln one year Group Charity 2023 2024 2023 2024 Bank loans Tiade creditors Taxation and social security Olhor creditors Accruals and deferred income 103,831 57,588 6,849 53,493 4,500 109.182 14.475 6,752 54,225 4,640 189.254 103,831 109,162 52,038 4,500 52,770 4,640 228,261 160,369 166,572 16 Creditors: amounts falling after more than one year 2024 2023 Loans and Overdrafts Bank loans 1804 001 131985 Payable within one year Payable after one year 103,831 109,162 1700 170 2022 823 The loan is 58curèd by firsl legal charge dated 31 July 2019 over freehold Property Shri Sanalan Hindu Mandir Ealing Road HA04TA and a guarantee capped al 20°/o of the oulslanding loan from one of the Iru51ees. 22 SHRI VALLABH NIDHI- UK NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 17 Capital commitments 2024 2023 Acquisition of tangibltr sÈ8ètÈ 209.500 18 Ralated party transactions None of the members of the Board of Governors that served during the period received any benefit nor were they party lo any transactions that were entered in lo by the Charity. Al the balance sheol dale, the amount owed from Shrico Limil8d amounted to £25,44012023= £21,363). One of the Iruslee's has providad a guaianlee for the CBIL received by tho Charity, amounting lo £1.8m as at the year-end. 19 CaBh Jenerated from operations 2024 2023 SuTplus foT the year 589,767 298.956 Adjuslmenls for.. Depreciation and impairment of tangible fixed assets 58,715 55.752 Movernenls in working ¢api181'. Ilncreasel in debtors Increaselldecreasel in creditors 110,9881 16.0011 Cash generated from operations R83 909 322 397 23