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|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||||
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|||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|
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|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)|||
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||||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|
##
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##
||||||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|
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||||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|
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||||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|
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|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|
##
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|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|
##
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|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|
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|||||||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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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|