2023-03-31-accounts - Shree Kutch Satsang Swaminarayan Temple - South East London

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Trustees' Annual Report
Report ofthe Auditors
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
Detailed Income & Expenditure	Account

The Trustees	The Trustees	The Trustees	submit their annual report together	submit their annual report together	submit their annual report together	with	with	the financial	the financial	statements of Shree Kutch Satsang	statements of Shree Kutch Satsang	statements of Shree Kutch Satsang	Swaminarayan	Swaminarayan	Swaminarayan	Temple,	Temple,
South East		London		(the	Charity) for the year ended 31 March 2023. The					financial	statements	have been	prepared		in accordance
with the accounting				policies set out in the notes to		the		accounts and comply with the charity's				governing	document,		the Charities
Act 2011	and		Accounting		and Reporting by Charities:		Statement ofRecommended				Practice applicable to		charities		preparing		their
accounts	in	accordance			with the Financial Reporting		Standard		applicable	in the UK and Republic of ireland				published		in October
2019.
Trustees					Parbat Shivji Kerai				President
					Dhanji Premji Kanji
					Harish Dhanji Hirani				Secretary
					Nilesh Bhimji Pindoria
					Parbat Premji Rude				Treasurer
					Dhanji Mavji Kerai
					Hirji Premji Patel
					Jayantilal Kerai
					Dharmendra Kesra
					Virji Velji Bhudia
					Rashik Bhikhalal Banderi
					Jayant Parbat Hirani
					Khushal Parbat Rude
					Ramji Premji Patel
					Hirji Kanji Bhudia
					Mehul Virji Bhudia
					Vasudev Ramji Panchani				Resigned	16/12/2022
					Sunil Assani
					Jignesh Parbat Hirani
					Haresh Vekariya
					Bhaven Pathak
					Vinay Parbat Kerai
					Arvind Bhanderi				Appointed	10/06/2023
Holding Trustees					Dhanji Premji Kanji
					Virji Velji Bhudia
					Premji Bhimji Manji
					Mavji Devji Kerai
					Parbat Shivji Kerai
Registered		Charity			292934
Registered		Oflice			St Margaret's Grove
					Plumstead
					London SE187RL

	2023		2022
	Unrestricted	Total	Unrestricted	Total
	6	6		E
Income
Donations and legacies	268,902	268,902	171,374	171,174
Income from investments	121,021	121,021	65,502	65,502
Total income	389,923	389,923	236,876	236,876
Expenditure on
Charitable activities
Congregational	209,486	209,486	152,384	152,384
Food for deities,
volunteers, and devotees	36,550	36,550	26,480	26,480
Total expenditure	246,036	246,036	178,864	178,864
Net gains on revaluation
ofinvestment property
Net Income	143,887	143,887	58,012	58,012
Transfers between funds
Net movement in funds	143,887	143,887	58,012	58,012
Reconciliation offunds
Total funds brought	5,297,318	5,297,318	5,239,306	5,239,306
forward
Total funds carried	5,441,205	5,441,205	5,297,318	5,297,318
forward

					2023	2022
						f
Rates					3,449	936
Light and heat					45,470	30,985
Software and license fee					40	1,078
Audit and accounting					3,600	8,400
Repairs, renewals	and maintenance				10,066	9,702
Telephone					1,148	1,172
Printing, postage and stationery					375	236
Insurance					8,263	13.036
Sundry expenses					1,401	1,336
Letting agent commission						50
Travel Expenses					8,175	91
Donations						107
Instructor expenses					8,840	2,800
Bank charges					2,118	1,026
Total					92,945	70,955
taff Costs
					2023	2022
					f	f
Wages and salaries					40,459	32,608
					40,459	32,608
The average number ofemployees,			analysed	by function was:
					2023	2022
Management and administration		of	the Chariiy		3	2

Fixed Assets
				Fixtures,
	Freehold	Musical		Sttings and	Total
	properties	instruments	Jewellery	equipment
Cost		6	6	6
Brought forward	3,992,980	1,676	121,809	53,315	4,169,780
Additions			46,194	9,529	55,723
Carried forward	3,992,980	1,676	168,003	62,844	4,225,503
Depreciation
Brought forward	319,326	1,044		27,948	348,317
Charge	36,092	95		5,234	41,421
Carried forward	355,418	1,139		33,182	389,738
Net book values
As at 31 March 2023	3,637,562	537	168,003	29,662	3,835,765
As at 31 March 2022	3,673,655	632	121,809	25,367	3,821,463
Investment Property

ebtors
		2023	2022
		6	6
GIR Aid tax rebate		28,771
Prepayments		3,921	5,375
Other debtors		2,600	1,800
Nursery Fund		150,000	150,000
		185,292	157,175
reditors: Amounts	falling due within one year
		2023	2022
		E	6
Accruals		23,667	28,310
Other creditors		9,196	4,712
Interest free loans		2,778	7,778
		35.641	40,800

					Net gains on
		Balance at	Incoming		investment		Balance at
		1.4.22	resources	Expenditure	property	Transfers	31.3.23
		2		f	f		6
Unrestricted		5,006,402	389,923	246,036			5,150,289
funds
Revaluation	reserve	290,916					290,916
Total funds		5,297,318	389,923	246,036			5,441,205

				2022
		6	6	f
		Unrestricted	Total	Total
Income
Darshan donations		36,963	36,963	37,001
Donations		204,177	204,177	134,373
GIR Aid Tax rebate		27,762	27,762
Hall hire		49,401	49,401	28,404
Rental income		49,772	49,772	37,030
Catering income		17,519	17,519
		385,594	385,594	236,808
Gross interest received		4,329	4,329	68
Total income		389,923	389,923	236,876
Less expenses
Purchase offood		36,550	36,550	26,480
Temple Consumables		28,105	28,105	5,147
Rates		3,449	3,449	936
Software and license fee		40	40	1,078
Priest's wages and	costs	40,459	40,459	35,602
I ight and heat		45,470	45,470	30,985
Sports day expenses		6,556	6,556
Repairs, renewals	and maintenance	10,066	10,066	9,702
Telephone		1,148	1,148	1,172
Printing, postage and stationery		375	375	236
Insurance		8,263	8,263	13,036
Audit and accounting		3,600	3,600	8,400
Sundry expenses		1,401	1,401	1,336
Bank charges		2,118	2,118	1,026
Letting agent commission				50
Instructor expenses		8,840	8,840	2,800
Travel expenses		8,175	8,175	91
Donations				107
Depreciation
Temple —new building		36,092	36,092	36,092
Musical Instruments		95	95	112
Fixtures, fiNings and equipment		5,234	5,234	4,476
Total expenses		246,036	246,036	178,864
Net surplus for the year		143,887	143,887	58,012