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|Trustees||Mr Shantilal||Hirji Ruparell|
|---|---|---|---|---|
|||Mrs Candida||Connolly|
|||Dr Surekha|Mehta||
|||Mr Kaushik|Nathwani||
|||Mrs Jayshree||Rajkotia, JP|
|||Mr Shashi Vekaria|||
|||Mr Subhanu||Saxena|
|||Mr Varinder|Singh||
|||Mr Rajendra||Patel|
|||Mrs Asma Suterwalla|||
|||Mr Vinod Thakrar|||
|||Ms M Singh|||
|||Mr Ramnath||Gheerawo|
|Chairman||Mr Subhanu||Saxena|
|Joint Chairman||Mr Shantilal||Hirji Ruparell|
|Directors||Mr Shantilal||Hirji Ruparell|
|||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|
|---|---|---|
|Trustees
report||1-6|
|Statement ofTrustees|responsibilities||
|Independent
auditor's|report|8-10|
|Statement
offinancial|activities||
|Balance sheet||12-13|
|Statement
ofcash flows||14|
|Notes to the financial statements||15-28|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023||2022|2022|2022|
|||Notes|f|||||f.|
|Income and endowments|||from:||||||
|Donations
and|||||||||
|legacies|||311,895||311,895|610,427||610,427|
|Charitable
activities|||489,246||489,246|226,866||226,866|
|Investments|||3,205|(549)|2,656|55|1,321|1,376|
|Other income||||||50,445||50,445|
|Total income|||804,346|(549)|803,797|887,793|1,321|889,114|
|Ex enditure on:|||||||||
|Raising funds|||83,826||83,826|156,211||156,211|
|Charitable
activities||8|717,224||717,224|703,943||703,943|
|Total expenditure|||801,050||801,050|860,154||860,154|
|Net income/(expenditure)|||||||||
|for the year/|||||||||
|Net movement|in funds||3,296|(549)|2,747|27,639|1,321|28,960|
|Fund balances|at 1 April||||||||
|2022|||238,257|1,657,105|1,895,362|210,618|1,655,784|1,866,402|
|Fund balances|at 31||||||||
|March 2023|||241,553|1,656,556|1,898,109|238,257|1,657,105|1,895,362|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|F||E||
|Fixed assets||||||||
|Tangible assets|||13||1,633,040||1,653,429|
|Investments|||14||204,302||201,358|
||||||1,837,342||1,854,787|
|Current assets||||||||
|Debtors|||15|57,464||85,616||
|Cash at bank and in||hand||115,325||107,444||
|||||172,789||193,060||
|Creditors:|amounts|falling due within||||||
|one year|||16|(86,424)||(116,498)||
|Net current|assets||||86,367||76,562|
|Total assets less current liabilities|||||1,923,709||1,931,349|
|Creditors:|amounts|falling due after||||||
|more than|one year||17||(25,600)||(35,987)|
|Net assets|||||1,898,109||1,895,362|
|Income funds||||||||
|Restricted|funds||18||1,656,556||1,657,105|
|Unrestricted|funds|||||||
|Designated|funds|||86,015||86,015||
|General
unrestricted||funds||155,538||152,242||
||||||241,553||238,257|
||||||1,898,109||1,895,362|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||E||
|Cash flows from operating||activities||||||
|Cash generated
from/(absorbed
by)
operations|||23||9,380||(211,400)|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(1,210)||(101,869)||
|Purchase|of investments|||(2,945)||(75,822)||
|Investment|income received|||2,656||1,376||
|Net cash|used in investing|activities|||(1,499)||(176,315)|
|Net cash|used in financing|activities||||||
|Net increase/(decrease)
in
equivalents||cash and|cash||7,881||(387,715)|
|Cash and|cash equivalents|at beginning|ofyear||107,444||495,160|
|Cash and|cash equivalents|at end of|year||115,325||107,444|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
||||F|
|Donations|and gifts|173,254|36,782|
|Grants - NPO||131,373|131,373|
|Membership|fees|7,268||
|Covid Grant|||442,272|
|||311,895|610,427|
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|6|Other income|Other income||||
|---|---|---|---|---|---|
|||||Total|Unrestricted|
||||||funds|
|||||2023|2022|
||||||F|
||Other income||||50,445|
|7|Raising funds|||||
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||2023|2022|
||Fun draisin|and|ublicit|||
||Seeking donations,||grants and legacies|2,963|5,418|
||Support costs|||80,863|150,793|
||Fundraising|and publicity||83,826|156,211|
|||||83,826|156,211|
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|Support|cost|s|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2023|Support|Governance|2022|
||||costs|costs||costs|costs||
||||f|f|F|f|f||
|Staff costs|||228,209||228,209|258,785||258,785|
|Depreciation|||21,598||21,598|33,474||33,474|
|Other administrative|||||||||
|costs|||69,465||69,465|77,532||77,532|
|Establishment||costs|117,151||117,151|230,198||230,198|
|Audit fees||||8,500|8,500||7,278|7,278|
||||436,423|8,500|444,923|599,989|7,278|607,267|
|Analysed|between||||||||
|Fundraising|||80,863|2,963|83,826|150,793|5,418|156,211|
|Charitable|activities||355,560|5,537|361,097|449,196|1,860|451,056|
||||436,423|8,500|444,923|599,989|7,278|607,267|
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|The average|monthly
number ofemployees
during th|e year was:||
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|||21|19|
|Employment|costs|2023
F|2022
f|
|Wages and|salaries|459,458|502,829|
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|13|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||Freehold|land|Fixtures and Motor vehicles||Total|
|||||and duildings||gttlngs|||
||||||f|f|f||
||Cost||||||||
||At 1 April 2022|||1,570,950||305,924|26,490|1,903,364|
||Additions|||||1,210||1,210|
||At 31 March|2023||1,570,950||307,134|26,490|1,904,574|
||Depreciation|and impairment|||||||
||At 1 April 2022|||||223,446|26,490|249,936|
||Depreciation|charged|in the year|||21,598||21,598|
||At 31 March|2023||||245,044|26,490|271,534|
||Carrying
amount||||||||
||At 31 March|2023||1,570,950||62,090||1,633,040|
||At 31 March|2022||1,570,950||82,479||1,653,429|
|14|Fixed asset|investments|||||||
|||||||||2021f|
||Cost or valuation||||||||
||At 1 April 2022|||||||201,358|
||Additions|||||||2,944|
||At 31 March|2023||||||204,302|
||Carrying
amount||||||||
||At 31 March|2023||||||204,302|
||At 31 March|2022||||||201,358|
|15|Debtors||||
|---|---|---|---|---|
||||2023|2022|
||Amounts|falling due within one year:|f|f|
||Other debtors||57,464|85,616|
##
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|16|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|
||||2023|2022|
|||||E|
||Trade creditors||7,015|48,610|
||Other creditors||14,392|4,968|
||Accruals and deferred|income|65,017|62,920|
||||86,424|116,498|
|17|Creditors: amounts|falling due after more than one year|||
||||2023|2022|
|||||E|
||Other creditors||25,600|35,987|
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||||||Movement||Movement|||
|---|---|---|---|---|---|---|---|---|---|
||||||in funds||in funds|||
|||||Balance at
1 April 2021|Incoming
resources|Balance at
1 April 2022|Incoming
resources|31|Balance at
INarch 2023|
|||||f|E|f.||||
|Building|Fund|||1,488,390||1,488,390|||1,488,390|
|MP Birla|Lecture Fund|||59,903|392|60,295|||60,295|
|Scholarship
Fund||||35,861|89|35,950|||35,950|
|Music and Art Scholarship|||Fund|51,910|340|52,250|||52,250|
|Sanskrit|Fund|||3,822||3,822|||3,822|
|Dr Sastry Memorial||Fund||10,282|500|10,782|(549)||10,233|
|Archive Project Fund||||5,616||5,616|||5,616|
|||||1,655,784|1,321|1,657,105|(549)||1,656,556|
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|||||||Movement||Movement||
|---|---|---|---|---|---|---|---|---|---|
|||||||in funds||in funds||
||||||Balance at|Incoming|Balance at|Incoming|Balance at|
|||||1|April 2021
f|resources
f|1 April 2022
f|resources|31 March 2023|
|Building|and|Maintenance|Fund||86,015||86,015||86,015|
||||||86,015||86,015||86,015|
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|23|Cash generated
from|operations|operations|||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||F||
||Surplus for the year|||||||2,747|28,960|
||Adjustments
for:|||||||||
||Investment
income recognised||in statement|||offinancial|activities|(2,656)|(1,376)|
||Depreciation
and impairment||oftangible||fixed assets|||21,598|33,474|
||Movements
in working|capital:||||||||
||Decrease/(increase)
in|debtors||||||28,152|(68,745)|
||(Decrease)
in creditors|||||||(40,461)|(203,713)|
||Cash generated
from/(absorbed|||by) operations||||9,380|(211,400)|
|24|Analysis ofchanges|in net funds||||||||
||The entity had no debt|during|the year.|||||||