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2022-03-31-accounts

Trustees		Mr Joginder	Sanger
		Mr Shantilal	Hirji Ruparell
		Mr Indra Kumar Sethia
		Mrs Candida	Connolly
		Dr Surekha	Mehta
		Mr Kaushik	Nathwani
		Mrs Jayshree Rajkotia, JP
		Mr Manubhai	Ramji
		Mr Shashi Vekaria
		Mr Subhanu	Saxena
		Mr Varinder	Singh
		Mr Rajendra	Patel
		Mrs Asma Suterwalla
		Mr Vinod Thakrar
		Ms M Singh
		Mr Ramnath	Gheerawo
		Mrs Ruby Bunker		(Appointed	11 May 2022)
Chairman		Mr Subhanu	Saxena
Joint Chairman		Mr Shantilal	Hirji Ruparell
Directors		Mr Joginder	Sanger
		Mr Shantilal	Hirji Ruparell
		Mr Indra Sethia
		Mr Kaushik	Nathwani
		Mr Subhanu	Saxena
Chief Executive Officer		Dr M.N. Nandakumara
Charity number		312879
Company	number	01090630
Registered	office	4a Castletown Rd,
		London
		W14 9HE
Auditor		KLSA LLP
		Kalamu House
		11 Coldbath	Square
		London
		EC1R5HL

		Page
Chairman's Report
Trustees report		1-7
Statement ofTrustees	responsibilities
Independent auditor's	report	9-11
Statement offinancial	activities	12
Balance sheet		13 - 14
Statement ofcash flows		15
Notes to the financial	statements	16-27

The board oftrustees who	served	during	the year and up to the	date of signature	ofthe financial statements	were:
Mr Joginder Sanger
Mr Shantilal Hirji Ruparell
Mr Indra Kumar Sethia
Mrs Kalindi Chandaria			(Resigned	6 February 2022)
Mrs Candida Connolly
Dr John Marr			(Deceased	19May 2022)
Dr Surekha Mehta
Mr Kaushik Nathwani
Mrs Jayshree Rajkotia, JP
Mr Manubhai Ramji
Mr Shashi Vekaria
Mr Subhanu Saxena
Mr Varinder Singh
Mr Rajendra Patel
Mrs Asma Suterwalla
Mr Naynesh Desai			(Resigned	6 February 2022)
Mr Vinod Thakrar
Ms M Singh
Mr Ramnath Gheerawo
Mr Kishore Devani			(Deceased	26 September 2021)
Mrs Ruby Bunker			(Appointed	11 May 2022)

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2022	2022	2022	2021	2021	2021
		Notes						f
ncome and endowments		from:
Donations and legacies			610,427		610,427	357,736		357,736
Charitable activities			226,866		226,866	259,120		259,120
Investments			55	1,321	1,376	271	137	408
Other income			50,445		50,445	99,261		99,261
Total income			887,793	1,321	889,114	716,388	137	716,525
E nditure o
Raising funds			156,211		156,211	171,832		171,832
Charitable activities			703,943		703,943	485,598	500	486,098
Total expenditure			860,154		860,154	657,430	500	657,930
Gross transfers	between
funds						21,400	(21,400)
Net income for	the year/
Net movement	in funds		27,639	1,321	28,960	80,358	(21,763)	58,595
Fund balances at 1 April 2021			210,618	1,655,784	1,866,402	130,260	1,677,547	1,807,807
Fund balances	at 31 March
2022			238,257	1,657,105	1,895,362	210,618	1,655,784	1,866,402

					2022		2021
				Notes	f
Fixed assets
Tangible assets				12		1,653,429		1,585,033
Investments				13		201,358		125,536
						1,854,787		1,710,569
Current assets
Debtors				14	85,616		16,871
Cash at bank and	in	hand			107,444		495,160
					193,060		512,031
Creditors: amounts		falling due within
one year				15	(116,498)		(327,723)
Net current assets						76,562		184,308
Total assets less	current		liabilities			1,931,349		1,894,877
Creditors: amounts		falling due after
more than one year				16		(35,987)		(28,475)
Net assets						1,895,362		1,866,402
Income funds
Restricted funds				17		1,657,105		1,655,784
Unres r' ted fun
Designated funds				18	86,015		86,015
General unrestricted		funds			152,242		124,603
						238,257		210,618
						1,895,362		1,866,402

			2022		2021
		Notes
Cash flows from operating	activities
Cash (absorbed by)/generated	from	22
operations				(211,400)		411,140
Investing activities
Purchase oftangible fixed assets			(101,869)
Purchase of investments			(75,823)		(100,137)
Investment income received			1,376		408
Net cash used in investing	activities			(176,316)		(99,729)
Net cash used in financing	activities
Net (decrease)/increase in	cash and	cash
equivalents				(387,716)		311,411
Cash and cash equivalents at beginning		ofyear		495,160		183,749
Cash and cash equivalents	at end of	year		107,444		495,160

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
Donations	and	gifts	36,782	47,655
Grants			573,645	310,081
			610,427	357,736

			Performing Arts	Performing	Facilities Hire	Total	Performing
			Programme	Arts Classes		2022	Arts Classes
			2022	2022			2021
			f	f
Sales within	charitable	activities	12,546	192,035	22,285	226,866	259,120
Investments
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
			F			E	E
Interest receivable		55	1,321	1,376	271	137	408

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
Other	income	50,445	99,261

7	Raising funds	Raising funds
					Unrestricted	Unrestricted
					funds	funds
					2022	2021
					f
	ndraisin	d	ublicit
	Seeking donations,		grants and legacies		5,418	33,602
	Membership	schemes		and social lotteries		10,495
	Support costs				150,793	127,735
	Fundraising	and publicity			156,211	171,832
					156,211	171,832

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Support	cost	s
			Support	Governance	2022	Support	Governance	2021
			costs	costs		costs	costs
			f	f	f		f
Staff costs			258,785		258,785	237,029		237,029
Depreciation			33,474		33,474	37,627		37,627
Other administrative
costs			77,532		77,532	32,211		32,211
Establishment		costs	230,198		230,198	75,267		75,267
Audit fees				7,278	7,278		9,730	9,730
			599,989	7,278	607,267	382,134	9,730	391,864
Analysed	between
Fundraising			150,793	5,418	156,211	127,735	6,209	133,944
Charitable	activities		449,196	1,860	451,056	254,399	3,521	257,920
			599,989	7,278	607,267	382,134	9,730	391,864

The average	monthly number ofemployees during th	e year was:
		2022	2021
		Number	Number
		19	19
Employment	costs	2022	2021
Wages and	salaries	502,829	449,630

12	Tangible fixed assets	Tangible fixed assets
				Freehold	land	Fixtures and Motor vehicles		Total
				and buildings		fittings
	Cost
	At 1 April 2021			1,570,950		204,055	26,490	1,801,495
	Additions					101,869		101,869
	At 31 March	2022		1,570,950		305,924	26,490	1,903,364
	Depreciation	and impairment
	At 1 April 2021					196,593	19,868	216,461
	Depreciation	charged	in the year			26,852	6,622	33,474
	At 31 March	2022				223,445	26,490	249,935
	Carrying amount
	At 31 March	2022		1,570,950		82,479		1,653,429
	At 31 March	2021		1,570,950		7,461	6,622	1,585,033

13	Fixed asset investments
		2021
	Cost or valuation
	At 1 April 2021	125,536
	Additions	75,822
	At 31 March 2022	201,358
	Carrying amount
	At 31 March 2022	201,358
	At 31 March 2021	125,536

14	Debtors
			2022	2021
	Amounts	falling due within one year:
	Trade debtors			1
	Other debtors		85,616	16,870
			85,616	16,871

Creditors: amounts	falling due within one year
		2022	2021
Trade creditors		48,610	24,255
Other creditors		4,968	281,923
Accruals and deferred	income	62,920	21,545
		116,498	327,723
Creditors: amounts	falling due after more than one year
		2022	2021
Other creditors		35,987	28,475

			Movement	Movement	in funds			Movement
								in funds
		Balance at	Incoming	Resources		Transfers	Balance at	Incoming	Balance at
		1 April 2020	resources	expended			1 April 2021	resources	31 March 2022
		f
Building	Fund	1,488,390					1,488,390		1,488,390
Arts Council
Capital Grant		21,400				(21,400)
MP Birla
Lecture Fund		59,766	137				59,903	392	60,295
Scholarship Fund		35,861					35,861	89	35,950
Music and Art
Scholarship
Fund		51,910					51,910	340	52,250
Sanskrit	Fund	3,822					3,822		3,822
Dr Sastry
Memorial
Fund		10,782			(500)		10,282	500	10,782
Archive
Project Fund		5,616					5,616		5,616
		1,677,547	137		(500)	(21,400)	1,655,784	1,321	1,657,105

						Movement		Movement
						in funds		in funds
				1	Balance at April 2020f	Incoming resources	Balance at 1 April 2021 f	Incoming resources f	Balance at 31 March 2022
Building	and	Maintenance	Fund		86,015		86,015		86,015
					86,015		86,015		86,015


Cash generated from	operatio	ns				2022	2021
							f
Surplus for the year						28,960	58,595
Adjustments for:
Investment income recognised		in statement		offinancial	activities	(1,376)	(408)
Depreciation and impairment oftangible			fixed assets			33,474	37,627
Movements in working	capital:
(Increase)/decrease in	debtors					(68,745)	39,417
(Decrease)/increase in	creditors					(203,713)	275,909
Cash (absorbed by)/generated		from operations				(211,400)	411,140