CHARITY REGISTRATION NUMBER: 286801
Shree Sorathia Prajapati Community UK Unaudited Financial Statements
31 March 2023
R C PATEL FCA
7 Redbridge Lane East Redbridge, Ilford Essex IG4 5ET
Shree Sorathia Prajapati Community UK
Financial Statements
Year ended 31 March 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 18 |
| Notes to the detailed statement of financial activities | 19 |
Shree Sorathia Prajapati Community UK
Trustees' Annual Report
Year ended 31 March 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.
Chair's report
National Executive Council/Trustees
(P) = President, (HS) = Hon. Secretary
Birmingham
Mr Hitesh Kukadia (P) Mrs Diya Yadav (HS)
Bolton
Mr Amit P Taank (P) Mr Dipesh P Taank (HS)
Cambridge
Mr Prakash Solanki (P) Mr Hitesh N Pankhania (HS)
Coventry
Mr Nalin M Pankhania (P) Ms Jalpa D Carter (HS)
East London
Mr Hitesh Gohil (P) Mr Rashmi Kukadia (HS)
Hounslow
Mr Ilesh Yadav (P) Mr Dharmesh Yadav (HS - Joint) Mrs Bhavna Pankhania (HS - Joint)
Leicester
Mr Vishal Vegad (P) Mrs Rajanben Ravat (HS)
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Shree Sorathia Prajapati Community UK
Trustees' Annual Report (continued)
Year ended 31 March 2023
Rugby
Mr Hiten V Fatania (P) Mr P Fatania (HS)
Southall
Mr Kanti T Kukadia (P) Mr Kishore Vara (HS)
South East London
Mr Hamel M Vara (P) Mr Amar Vadukul (HS)
NEC President
Mr Nalin M Pankhania
NEC Secretary Mr Kanti T Kukadia
NEC Treasurer
Mr Ilesh D Yadav
Reference and administrative details
Registered charity name Shree Sorathia Prajapati Community UK Charity registration number 286801 Principal office SSPC Southall Drill Hall Featherstone Road Southall Middlesex UB2 5AQ
The trustees
N M Pankhania (President) K T Kukadia (Secretary) I D Yadav (Treasurer) Independent examiner R C Patel FCA 7 Redbridge Lane East Redbridge, Ilford Essex IG4 5ET
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Shree Sorathia Prajapati Community UK
Trustees' Annual Report (continued)
Year ended 31 March 2023
Structure, governance and management
Governing document
The charity is governed by its Constitution adopted on 27 February 1983 and registered with the Charity Commission on 25 March 1983. The constitution was amended on 22 May 1988.
Management Committee
The members of the Management Committee during the year were:
President: Nalin M Pankhania Secretary: Kanti T Kukadia Treasurer: Ilesh D Yadav
Appointment of trustees
Trustees (who are also members of the National Executive Committee) representing each of the branches are appointed for a term of 2 years. While it is not a requirement, the majority of the trustees are the President or Secretary of the local branches but at minimum should be a committee member of a local branch.
Trustee induction and training
All newly appointed trustees are already familiar with the practical work of the charity. New trustees (and volunteers) are encouraged to attain the necessary skills required to achieve the objectives of the charity.
New trustees are invited and encouraged to familiarise themselves with the charity and the context within which it operates. In line with Charities Commission Guidelines all trustees are required to complete a 'fit and proper' persons declaration.
Governance of Internal Control and Risk Management
The Management Committee is continuing the process of introducing a formal risk management process to assess risks and implement risk management strategies. This involves identifying the type of risks the charity faces, prioritising them in terms of potential impact and likelihood of occurrence and identifying means of mitigating the risks. As part of this process, the managing committee is pleased to report that findings to date indicate that the charity's internal financial controls conform to the guidelines issued by the Charity Commission, and continue to be appropriate to the charity.
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Shree Sorathia Prajapati Community UK
Trustees' Annual Report (continued)
Year ended 31 March 2023
Objectives and activities
The main activities of the charity are that of advancement of Hindu religion, education in Hindu traditions, history, language, literature and music, the relief of poverty, hardship and distress and to obtain, collect and receive money and funds by way of contributions, donations, subscriptions etc to procure its objects. Shree Sorathia Prajapati Community (SSPC) continues its operations and activities at various branches at Birmingham, Bolton, Cambridge, Coventry, East London, Hounslow, Leicester, Peterborough, Rugby, Southall and South East London. A wide range of events including a number of Hindu and other auspicious religious celebrations continue to be carried out throughout the year at various branches. Also sports activities amongst community members were held at various branches.
Achievements and performance
General - All SSPC Branches continued to manage and run the local affairs for the benefit of the community smoothly and successfully. Activities were organised and run by enthusiastic and talented new groups of volunteers and more youth, women and children have become involved in community events with a positive effect. Social, cultural, and religious activities have continued throughout the year and the main auspicious days such as the birth of Shree Krishna, Shree Ram and other devotional days were celebrated by the majority of branches. The Navratri festival in September brought together the community in harmony to celebrate the nine day festivities, which were successfully organised by the Branches.
The festival of diwali at the end of the Hindu Year in October again gave the community opportunity to celebrate and socialize in a variety of entertainment events. These members participation was encouraged. Day to Day activities continued to be organised by the various property holding branches for the elderly, youth and general community. Meals were provided at the relevant Day Centres. Also music, yoga, educational and various health classes continue to be provided for the benefit of the community.
As per previous years report SSPC UK (NEC) have for some time been assessing demographic and social changes in our national membership and impacts on local branch operations. Changing membership needs and trends are apparent and as an executive team we are looking at how better we can serve our members and local branch operations. We are still looking at how to better structure the organisation so we can better manage our operational responsibilities and serve our charity objectives. This review and assessment is still ongoing within the executive team. We have received professional help and advice in this regard and are still reviewing the information and what our next steps could be.
Volunteers – The Executive Committee members record their appreciation to the large number of volunteers, both full and part time, without whose help the results would not have been achieved.
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Shree Sorathia Prajapati Community UK
Trustees' Annual Report (continued)
Year ended 31 March 2023
Financial review
The trustees report that there was a net decrease in funds for the year of £121,296 taking the accumulated funds to £5,592,912.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which covers at least the management, administration and support costs for a year. Unrestricted funds were maintained at this level throughout the year.
Several of the branches are accumulating funds in the general fund for building projects involving either expansion or refurbishment.
Plans for future periods
Broadly similar activities to those held in 2023 were planned by the various branches for 2024.
The trustees' annual report was approved on 7 March 2025 and signed on behalf of the board of trustees by:
K T Kukadia (Secretary) Trustee
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Shree Sorathia Prajapati Community UK
Independent Examiner's Report to the Trustees of Shree Sorathia Prajapati Community UK
Year ended 31 March 2023
I report to the trustees on my examination of the financial statements of Shree Sorathia Prajapati Community UK ('the charity') for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R C Patel FCA Independent Examiner 7 Redbridge Lane East Redbridge, Ilford Essex IG4 5ET
10 March 2025
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Shree Sorathia Prajapati Community UK
Statement of Financial Activities
Year ended 31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 61,603 | 6,342 | 67,945 | 64,706 |
| Charitable activities | 5 | 149,684 | – | 149,684 | 120,008 |
| Investment income | 6 | 4,709 | – | 4,709 | 1,018 |
| ���������� | ������� | ���������� | ���������� | ||
| Total income | 215,996 | 6,342 | 222,338 | 185,732 | |
| ���������� | ������� | ���������� | ���������� | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 7 | 3,298 | 6,725 | 10,023 | 386 |
| Expenditure on charitable activities | 8,9 | 333,611 | – | 333,611 | 224,388 |
| ���������� | ������� | ���������� | ���������� | ||
| Total expenditure | 336,909 | 6,725 | 343,634 | 224,774 | |
| ���������� | ������� | ���������� | ���������� | ||
| ���������� | ������� | ���������� | ���������� | ||
| Net expenditure and net movement in funds | (120,913) | (383) | (121,296) | (39,042) | |
| ���������� | ������� | ���������� | ���������� | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 5,649,746 | 64,469 | 5,714,215 | 5,753,257 | |
| ������������� | ��������� | ������������� | ������������� | ||
| Total funds carried forward | 5,528,833 | 64,086 | 5,592,919 | 5,714,215 | |
| ������������� | ��������� | ������������� | ������������� |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 16 form part of these financial statements.
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Shree Sorathia Prajapati Community UK
Statement of Financial Position
31 March 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 15 | 3,893,436 | 3,968,762 | ||
| Current assets | |||||
| Debtors | 16 | 11,697 | 12,119 | ||
| Cash at bank and in hand | 1,728,250 | 1,768,620 | |||
| ������������� | ������������� | ||||
| 1,739,947 | 1,780,739 | ||||
| Creditors: amounts falling due within | |||||
| one year | 17 | 40,464 | 35,286 | ||
| ������������� | ������������� | ||||
| Net current assets | 1,699,483 | 1,745,453 | |||
| ������������� | ������������� | ||||
| Total assets less current liabilities | 5,592,919 | 5,714,215 | |||
| ������������� | ������������� | ||||
| Funds of the charity | |||||
| Restricted funds | 64,086 | 64,469 | |||
| Unrestricted funds: | |||||
| Revaluation reserve | 2,863,991 | 2,863,991 | |||
| Other unrestricted income funds | 2,664,842 | 2,785,755 | |||
| ������������� | ������������� | ||||
| Total unrestricted funds | 5,528,833 | 5,649,746 | |||
| ������������� | ������������� | ||||
| Total charity funds | 18 | 5,592,919 ������������� |
5,714,215 ������������� |
These financial statements were approved by the board of trustees and authorised for issue on 7 March 2025, and are signed on behalf of the board by:
N M Pankhania (President) Trustee
K T Kukadia (Secretary) Trustee
The notes on pages 9 to 16 form part of these financial statements.
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 146 Hanworth Road, Hounslow, Middlesex, TW3 1UG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements (continued)
Year ended 31 March 2023
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property (excluding - Over 50 years land) Fixtures and fittings - 10%-20% Reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 57,773 | 6,342 | 64,115 |
| Sponsorship | |||
| Sponsorship | 3,830 | – | 3,830 |
| ��������� | ������� | ��������� | |
| 61,603 | 6,342 | 67,945 | |
| ��������� | ������� | ��������� | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 62,126 | 571 | 62,697 |
| Sponsorship | |||
| Sponsorship | 2,009 | – | 2,009 |
| ��������� | ���� | ��������� | |
| 64,135 | 571 | 64,706 | |
| ��������� | ���� | ��������� |
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements (continued)
Year ended 31 March 2023
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Hall and utensils | 15,553 | 15,553 | 1,376 | 1,376 | |
| Functions and festivities | 107,211 | 107,211 | 52,705 | 52,705 | |
| Other income | 26,920 | 26,920 | 65,927 | 65,927 | |
| ���������� | ���������� | ���������� | ���������� | ||
| 149,684 | 149,684 | 120,008 | 120,008 | ||
| ���������� | ���������� | ���������� | ���������� | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest | 4,709 | 4,709 | 1,018 | 1,018 | |
| ������� | ������� | ������� | ������� | ||
| 7. | Costs of raising donations and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Costs of generating income - Subscriptions and | |||||
| Donations | 3,298 | 6,725 | 10,023 | ||
| ������� | ������� | ��������� | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Costs of generating income - Subscriptions and | |||||
| Donations | – | 386 | 386 | ||
| ���� | ���� | ���� | |||
| 8. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Functions and festivities | 48,064 | 48,064 | 12,777 | 12,777 | |
| Hall hire | 634 | 634 | – | – | |
| Property expenses | 159,074 | 159,074 | 54,923 | 54,923 | |
| Insurance | 12,469 | 12,469 | 11,239 | 11,239 | |
| Miscellaneous expenses | 22,873 | 22,873 | 53,590 | 53,590 | |
| Staff salaries | 550 | 550 | – | – | |
| Support costs | 89,947 | 89,947 | 91,859 | 91,859 | |
| ���������� | ���������� | ���������� | ���������� | ||
| 333,611 | 333,611 | 224,388 | 224,388 | ||
| ���������� | ���������� | ���������� | ���������� |
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements (continued)
Year ended 31 March 2023
9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2023 | 2022 | |||
| £ | £ | £ | £ | ||
| Functions and festivities | 48,064 | – | 48,064 | 12,777 | |
| Hall hire | 634 | – | 634 | – | |
| Property expenses | 159,074 | – | 159,074 | 54,923 | |
| Insurance | 12,469 | – | 12,469 | 11,239 | |
| Miscellaneous expenses | 22,873 | – | 22,873 | 53,590 | |
| Staff salaries | 550 | – | 550 | – | |
| Governance costs | – | 89,947 | 89,947 | 91,859 | |
| ���������� | ��������� | ���������� | ���������� | ||
| 243,664 | 89,947 | 333,611 | 224,388 | ||
| ���������� | ��������� | ���������� | ���������� | ||
| 10. | Net expenditure | ||||
| Net expenditure is stated after charging/(crediting): | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 79,568 | 84,132 | |||
| ��������� | ��������� | ||||
| 11. | Independent examination fees | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial | statements | 3,840 | 3,720 | ||
| ������� | ������� | ||||
| 12. | Staff costs | ||||
| The total staff costs and employee benefits for the reporting period are analysed as follows: | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Wages and salaries | 550 | – | |||
| ���� | ���� | ||||
| The average head count of employees during the year was 1 (2022: Nil). |
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements (continued)
Year ended 31 March 2023
14. Transfers between funds
All of the Building project fund at Leicester branch that was being held in a specific designated fund was transferred to unrestricted funds during the year. This transfer was duly agreed on by the members of Leicester branch at their AGM.
15. Tangible fixed assets
| Land and | Fixtures and | |||
|---|---|---|---|---|
| buildings | fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2022 | 4,711,933 | 172,750 | 4,884,683 | |
| Additions | 4,242 | – | 4,242 | |
| Disposals | – | (3,670) | (3,670) | |
| ������������� | ���������� | ������������� | ||
| At 31 March 2023 | 4,716,175 | 169,080 | 4,885,255 | |
| ������������� | ���������� | ������������� | ||
| Depreciation | ||||
| At 1 April 2022 | 773,040 | 142,881 | 915,921 | |
| Charge for the year | 76,382 | 3,186 | 79,568 | |
| Disposals | – | (3,670) | (3,670) | |
| ������������� | ���������� | ������������� | ||
| At 31 March 2023 | 849,422 | 142,397 | 991,819 | |
| ������������� | ���������� | ������������� | ||
| Carrying amount | ||||
| At 31 March 2023 | 3,866,753 | 26,683 | 3,893,436 | |
| ������������� | ���������� | ������������� | ||
| At 31 March 2022 | 3,938,893 | 29,869 | 3,968,762 | |
| ������������� | ���������� | ������������� | ||
| 16. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Debtors and prepayments | 11,697 | 12,119 | ||
| ��������� | ��������� | |||
| 17. | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Other creditors | 40,464 | 35,286 | ||
| ��������� | ��������� |
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements (continued)
Year ended 31 March 2023
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March 202 | ||||
| 1 April 2022 | Income | Expenditure | Transfers | 3 | |
| £ | £ | £ | £ | £ | |
| Unrestricted Fund | 2,540,659 | 211,514 | (332,632) | 120,000 | 2,539,541 |
| Revaluation reserve | 2,863,991 | – | – | – | 2,863,991 |
| Building Project | 188,256 | 4,482 | – | (120,000) | 72,738 |
| Cultural and Social | |||||
| Welfare | 15,248 | – | (2,638) | – | 12,610 |
| Gauchara | 41,592 | – | (1,639) | – | 39,953 |
| ������������� | ���������� | ���������� | ���������� | ������������� | |
| 5,649,746 | 215,996 | (336,909) | – | 5,528,833 | |
| ������������� | ���������� | ���������� | ���������� | ������������� | |
| At | |||||
| At | 31 March 202 | ||||
| 1 April 2021 | Income | Expenditure | Transfers | 2 | |
| £ | £ | £ | £ | £ | |
| Unrestricted Fund | 2,543,834 | 182,523 | (186,280) | 582 | 2,540,659 |
| Revaluation reserve | 2,863,991 | – | – | – | 2,863,991 |
| Building Project | 225,864 | – | (37,608) | – | 188,256 |
| Cultural and Social | |||||
| Welfare | 12,610 | 2,638 | – | – | 15,248 |
| Gauchara | 42,092 | – | (500) | – | 41,592 |
| ������������� | ���������� | ���������� | ���� | ������������� | |
| 5,688,391 ������������� |
185,161 ���������� |
(224,388) ���������� |
582 ���� |
5,649,746 ������������� |
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Shree Sorathia Prajapati Community UK
Notes to the Financial Statements (continued)
Year ended 31 March 2023
18. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 31 March 202 | |||||
| 1 April 2022 | Income | Expenditure | Transfers | 3 | ||
| £ | £ | £ | £ | £ | ||
| Shreebai | 19,560 | 6,342 | (6,332) | – | 19,570 | |
| Education | 6,811 | – | – | – | 6,811 | |
| Youth/Tsunami/ Medical/ | ||||||
| Earthquake Relief Funds | 38,098 | – | (393) | – | 37,705 | |
| ��������� | ������� | ������� | ���� | ��������� | ||
| 64,469 | 6,342 | (6,725) | – | 64,086 | ||
| ��������� | ������� | ������� | ���� | ��������� | ||
| At | ||||||
| At | 31 | March 202 | ||||
| 1 April 2021 | Income | Expenditure | Transfers | 2 | ||
| £ | £ | £ | £ | £ | ||
| Shreebai | 19,366 | 571 | (376) | – | 19,561 | |
| Education | 6,820 | – | (10) | – | 6,810 | |
| Youth/Tsunami/ Medical/ | ||||||
| Earthquake Relief Funds | 38,680 | – | – | (582) | 38,098 | |
| ��������� | ���� | ���� | ���� | ��������� | ||
| 64,866 | 571 | (386) | (582) | 64,469 | ||
| ��������� | ���� | ���� | ���� | ��������� | ||
| Analysis of net assets between funds | ||||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2023 | ||||
| £ | £ | £ | ||||
| Tangible fixed assets | 3,893,436 | – | 3,893,436 | |||
| Current assets | 1,675,861 | 64,086 | 1,739,947 | |||
| Creditors less than 1 year | (40,464) | – | (40,464) | |||
| ������������� | ��������� | ������������� | ||||
| Net assets | 5,528,833 | 64,086 | 5,592,919 | |||
| ������������� | ��������� | ������������� | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2022 | ||||
| £ | £ | £ | ||||
| Tangible fixed assets | 3,968,762 | – | 3,968,762 | |||
| Current assets | 1,716,270 | 64,469 | 1,780,739 | |||
| Creditors less than 1 year | (35,286) | – | (35,286) | |||
| ������������� | ��������� | ������������� | ||||
| Net assets | 5,649,746 | 64,469 | 5,714,215 | |||
| ������������� | ��������� | ������������� |
19. Analysis of net assets between funds
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