SHREE VISHWAKARMA ASSOCIATION OF UNITED KINGDOM Charity No: 287416 TRUSTEES ANNUAL REPORT AND RECEIPTS A]¥D PAYMENfs ACCOUNTS FOR THE YEAR EIYDED 31 DECEMBER 2021
Reference and Administrative Information Charity Name: Shree Vishwakanna Association of United Kingdom Charity Registration Number: 287416 Comwunieation Address POBo¥511 Perivale Middlcscx UB5 9GJ Bankeys Barclays Battk PLC Board of Hold]g Trustees Mr Pramod Gund¢cha MT Dilip Gaiiar (Resigned) Mr Jayant Gaiiar Mr Hari5b Siddhapura Mr Bharat Gallar Prlnclpal Offlet-Bearers President Mr Linay Khambhaita (Resigned) Vice Pr¢sidcnt Miss Manda Khambhatta (Resigned) Secretary Miss Jayna Vadgm (ResÉgned) Tr¢iur¢r Mr Amit Ambasna Custodian Trustees Mr Praful M¢shvla Mr Pramod Gundccha Mr Jayant Gaiiar Mr Dilip Gaiiar Independent Examiner Mr Jay Chatwani - FCA Unit 205, Cervantes House. 5-9 Headstone Road, Hrtwrow, HAI IPD
Trustees, Annual Report Year ended 31 December 2021 Governance. Management & Structure Govemln8 Document Shree Vishwakarma Association of UK was re8lstered as a chailty wfth the Chaty Commission on 18 lolv 1983 under tharity nvmber 287416. It Is governed by its constitirtlon document. It operates in London. Rocruiiment and Apppintment pf Tru5tppi In selectlng the Trustees, the AssociatiDn seeks to identify people who have got special skills and or are Wllling to dedlcate their preclous me for the benefft of the community. fhere is no fornial trdining given to the new Trustees but ample guidance and support Is proviLled. The Trustees consist of four Office Bearers and seven Committee Members, who are elected at the Annval General Meeting by a simple majority and hold office for a tenn of two consecutive years and thereafter ar8 subjéct to re-election. They are supported by a Board of Holding Trustees comprising of up to five Holding Trustees who are a150 elected at the Annual General Meeting. The Holdlng Trustees are there to guide, support and provide thei¥ experience to the Trustees and re5dve any disputes, if any. All Trustees give their time voluntary and recelve no remuneratlon or other benellts. Organisatlonal Strurture The TrSteeS meet together as a body monthfy, and are respor¢sible for 311 decisions taken in relation to runrnin8 and mana8in8 the activitie5 provided by the charity. To assist in the smwth running of the charity. the Trustees have set up a number of sub-comrnittees that help them oveisee certain aspect5 of the charity's work. A buildin8 committee is currently set up for bL¢ilding project who report back with their recommendatlons as and when an opportunity to purchase a community hall or an investment property arises. In addition to this there is an events team , who take fvll responsibility of organising all the charity's events. Annual budgets and event budgets are Prepared. After every event. the Treasurer will prèsent a report explaining the variance between the budget and actual event costs. In addition. the charlty accounts are regularly exp131ned to the Trustees anij are open for rnemberfs inspection at any time. The charity is 5atisf1ed that Systems are tn place to mitl8ate exposure to the major risks. The charity 15 open to the usual financial risks of any organ153tion and has introduced controls to minimlse these rlsks, such as two signatures belng requlred for payments from bank account. Objectives and actlvlties The objective5 are that of preservation of Hindu cultural values and knowledge within the Suth3r and other wider communities as well as supporting other charitable causes. In setting out the objectives and planning the activrties, the Trustee5' have given careful consideration to complying with the duty in sertign 4 of ihe Qharlles All 2011 tp hgvp r¢g?r4 to the pybli¢ b.pn¢frt guldiDFe publlshed by thp fjharity Cornmission. With public beneftt in n7ind the charlty provldes approprlate communal lacilities for recreational. s(Jclal. educational and c¢Jltural activities, so as to further the welfare within the association.
Trustees, Annual Report Year ended 31 December 2021 Aehlevements and Perfomianee From March 2020, the country continued to be gripped by the Corona Virus Pandemic which put a halt tD most of the core event5 In the year. However, the charity did put up some events such as Navratri and Diwali progtsmmes. These were undertaken obserying the strict government Buldellne5 related to Covld 19. On 26 April 2021, SVA UK got the keys to the Funrtion Hall in Kingsbury on a 10 year rental lease.Refurbishment works were carried out to the Nall and we would like to thank all the ¥olunteer5 who came out and assisted in this huge project. The hall has already proved to be popular among local ((MunitIeS and is currently belng let out for small functions. HMRC Gift ald Collertion The charity continued to receive dgnations throughout the year from the public at large. At the beginning of the financial year. the charity made a claim for gift aid due on the vèrious donation5 received in the financial year 2020. The Trustees are pleased to confirm that the tharity ¥eceived £555 from HMRC. The Trusiees would like to thank you all for continued support throughout the year and hope thls would cuntinue into the foreseeable future. Financial Review The charlty's cash at bank balance as at 31 December 2021 stood at £158.44512020.. £184,840). The net decrease in tash durlng the year was £26,395 mainly due to one off Funrtion Hall refurbishments ndertaken at the newly acqtjlred Function Hall, Hall rent expense and rent deposit paid. Reserves Policy Unrestricteil Funds are requlred: l To provide funds which can be designated to specific projects at short notice- bl To coverfluctuations in income and unplanned expendtture. The Trustee5 consider it prudent that unrestrlcted reserves should be sufficient: al To avoid the necesslty of realising fixed assets held for the Charity's use.. bl To tover one year's direct charitable expenditure. tl The level DI reseTve5 15 monitored and reviewed by the Trustees once a yeai. As at 31st Oecember 2021, unrestricted cash funds stood at £40,697 12020..£80.1431. The Charity also held £117,748 12020.. £104.6971 of restricted cash funds which have been provided for the purposes specified in N¢3te 2. Approved by the TnleeS and signcd on their bchalf: Mr Jayant Gajj#r Iloldin¥ Trustee Amit Amb45na Treasurer D*te 17/10/2i)Zl
SIw7•h1knna AuDd4tknoflJK.LunOuD 2V416 Recei sand ents accounts CC16a For tht period I1102? 3111th21 To Section A Receipts and payinents Restri6tsd funds EndpTn¢nt fut$ funds Totslfuds A1 4.77 4m 8502 ¥74 J74 7Ei 1.370 1J70 76 1117 9.10• Sg 2&907 rotsir8pts 20,907 A3Pa 726 1323 37T 750 351 &2EO zlo 147 14D 145 sub totsi 76$ 1<144 f.37• 7J7 7$7 81 1.7 3Q1 i1.*so 1B.Y&¢ Sub tot•1 Jo N•t0fr{paetsj A5TTrns14rs brfw•bn A6 CJ7h lundsltt4tIr ond sh luftds thls)px•nd J4374 104,SY7 6,666
Section B Statement of a55ets and liabilities at the end of the period Unfestrfcted fvt Rostrictod Endowment fvnd B1 Cash IunsJ8 40,157 117.748 rotslcash funtts 40.897 117.74B Unrnstrfct•d lund toDpwe¥tE R•&tri¢ted fvnd fund% B2 Othormon*ary asgots adv(• Fuwj lowblrh R•5m IYl.574 F¥ndfowh C0DtlyUoM B4 Asset5 rel•ine4Sforthe Dwn US• B5 uabll"O3 PAnt Name Jayart
Shree Vishwakarma Association of United Kin dom Notes to the Accounts l. Trustee Remuneration and Related Party Transactions No TThtee recetved any remunerdtion during the year. No TnJst¢¢ or a pcrson related to a Trustee had any personal interest in any contract or transaction wt¢rod into by tho charity during the y&ir. 2. Purposes of funds oses of Restricted Funds "Centre for Art and Recreation for All ' (CARE 4 ALL) This thnd, which commcnced on 15th August 1989, is specifically set-up to acounulatc fimds to acquire a Community Centre, a place where th¢ CIiarity's activities can be held. All income designated foT this fund is crcditcd to tbe fund. During the year, receipts totalling £20.907 was received. Designated Fund "Vlshwakarnia Satsang Mandal Fund" This is a fund from "Vishwakarnia Satsang Mandal lJ)ndon" . who had decided in 2007 to leave the fimd with thc association on an interest bcaring basis to bc uscd towards a futur¢ property. If the donation is not so used, the dq)osit plus interest can be claimed back by Vi.%hwakanna Satsang mIddI. This arrangement was appruved in thc 2008 adjourned TVal Gencral Meeting. Thcrc was only a nominal amount of interest received durin¥ Lh¢ year. This fund is included within the Restricted fijnds in thc rcccipts and paymcnts.
Independent Examiner'8 Report to tbe Trustees of Shree Visbwakarnia Assoeiydtion of United Kingdom I report on th¢ arcounts of the charity for the year ended 31 Decemb¢r 2021 which are set out on pages l tt) 6. Respective responsibilitfi¢ oftrustee8 examin¢r The charity's trustees are r¢spon5ible for the preparation of the accounts. The charity's trugtees Consider that an audit is not qll]red for this year under section 144 of the Charities Act 2011 (the Charities Act) and that all independent examination is needed. It 15 my responsibility to.. ' examine the accounts under section 145 of the Charities Act. to follow the procedures laid doMTA in the general Directions given by the Clwity Conllnission (under section 145(5)(b) of the Charities Act, and • to Slate whether particular matters have ¢ome to my attentiotL B¥sis of independent exAmlner'5 ststemeTht My examination was carried oul in accordance with g¢neral Directions given by the Charity Commission. An examination includes a Trview of the accounting records kept by the charity and a comparison of the a¢¢ounts pr¢sented with thos¢ records. It also includ¢s consideration of any unusual items or disclosures in th¢ arxounts, at seeking explanalions from the trust¢¢s ¢oncerning any such matt¢rs. The procedures undertaken do not provide all th¢ evidence that would be r¢quired in an audit. and eonsequently no opinion is given to whether the accounts present a'tru¢ and fair, view and the report is limited to those matt¢r5 set out in the statement below. lttdepeDdent ¢xminer'8 ststemeDt In connection with my examination, no material matter have come to my attention which gives me cause to lieve that in. any material resp¢¢t.' ' accounling re¢ords were not kept in accordance with section 130 of th¢ Charities Act or . the accounts do not accord with the aUntIng rrfords. I have come across no other matters in conneetion with th¢ examination to which att¢ution should be drawn in order to enable a propeT understanding of the accounts to b¢ rehed. Name: r Jay Ch&ttvani Membei of ICAEW AddrK5.' Unit 205, Cervanles House, 5-9 H¢adstone Road. Harrow, HAI IPD Date 11 io