2021-03-31-accounts - Gujarat Hindu Society, Preston

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Reference and admnistrative details ofthe charity,	its trustees	and advisers
Trustees' report
Independent examiner's report
Statement offinancial activities
Balance sheet
Statement ofcash flows
Notes to the financial statements

Trustees			D H Nayee, President
			ID Tailor MBEJP DL,	Vice President
			A M Jariwala, Secretary
			C H Limbachia, Assistant Secretary
			BPanchsl, Treasurer
			U Parmar, Assistant Treasurer			(Expired 8/5/2020)
			N Parmar, Assistant Treasurer			(Appointed	13/9/2020
			A Limbachia, Committee Member
			M Marolia, Committee	Member
			BMaru, Committee Member
			G Modesia Committee	member		( Retired	13/9/2020)
			K Parekh Committee	Member
			D Patel Committee member
			N Patel Committee member		(Retired 13/9/2020)
			U Solanki, Committee	Member
			R Valand, Committee	Member
			K Parekh Holding Trustee
			A Patel Holding Trustree
Charity registered		number	505959
Principal offic			South Meadow Lane
			Preston
			PR1 8JN
Independent	auditors		MHA Moors and Smaficy
			Richard House
			Winckley Square
			Preston
			PR1 3HP
Bankers			HSBC Pic
			40 Fishergate
			Preston
			PR12DP
Solicitors			Harrison Drury
			1aChapel Street
			Winckley Square
			Preston
			PR1 8BU

				unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
			Note	2021 f	2021 f.	2021 f	2021f	2020 f.
income and endowments		from:
Donations and legacies Charitable activities				14,469 79,137			14,469 79,137	36,172 142,035
Trading activities Investment income				2,516 43,886		8,233	2,516 52,119	15,504 65,004
Other income —Covld	Job
Retention Scheme					6,090		6,090
Total income and endowments				140,008	6,090	8,233	154,331	258,715
Expenditure on:
Charitable activities			6	117,509	37,072	12,352	166,933	203,741
Total expenditure				117,509	37,072	12,352	166,933	203,741
Net Income/(expenditure) before transfers				22,499	(30,982)	(4,119)	(12,602)	54,974
Transfers between funds			14
Net movement in funds				22,499	(30,982)	(4,119)	(12,602)	54,974
Total funds brought	forward			1,182,425	1,550,331	139,612	2,872,368	2,817,394
Total funds carried	forward			1,204,924	1,519,349	135,493	2,859,766	2,872,368

			Note	6 2021		f
Fixed assets
Tangible assets Investments			9 10		1,122,814 933,849		1,135,776 933,849
					2,056,663		2,069,625
Current assets
Debtoi's			11	9,331		26,241
Cash at bank and	in	hand	12	796,592		783,566
				805,923		809,807
Creditors: amounts		falling due within one
year			13	(2,820)		(7,064)
Net current assets					803,103		802,743
Total assets less	current liabilities				2,859,766		2,872,368
Creditors: amounts		falling due after more
than one year			13
Net assets					2,859,766		2,872,368
Charity funds Endowment funds			14		135,493		139,612
Restricted funds			14		1,519,349		1,550,331
Unrestricted funds			14		1,204,924		1,182,425
					2,859,766		2,872,368

			2021	2020
Cash flows from operating activities
Net cash flow from operating activities			(9,428)	65,478
Cash flow from Investing activities
Dividends, interest and rents from investments			52,119	65,004
Additions to investments				(16,000)
Purchase oftangible fixed assets			~(29,665	(62,870
Net cash generated/(used) by investing		activities	22,454	(13,866)
Change in cash and cash equivalent	in the year		13,026	51,882
Cash and cash equivalents brought	forward		783,566	731,684
Cash and cash equivalents carried	forward		796,592	783,566
Analysis ofcash and cash equivalents
			2021	2020
			6	F
Cash at bank			794,313	781,722
Cash in hand			2,279	1,844
			796,592	783,566
Reconciliation of net movement	In funds to net cash flow from operating		activities
			2021f	2020 6
Net (expenditure)/income for the year			(12,602)	54,974
Adjustment for: Depredation charges Dividends, interest and rents from	investments		42,628 (52,119)	44,081 (65,004)
Decrease/(increase) in debtors Increase/(decrease) in creditors			16,910 (4,245)	(28,326) (3,371)
Net cash flow from operating activities			(9,428)	65,748
The notes on pages 12to 24 form	part	of these financial statements

nations and legaci	es
	Unrestricted	Restricted	Endowment	Total	Total
	funds	funds	funds	funds	funds
	2021	2021	2021	2021	2020
	f	8	E		6
Donations	14,469			14,469	36,172

come from charitable acti	vities
	Unrestricted	Restricted	Endowment	Total funds	Total funds
	funds	funds	funds
Society ob)ectlves	2021f	2021 8	2021 8	2021 f	2020
Grants
Prayer hall donations Prayer hall Arati box Religious festivals Samaj Deep General cultural activities	3,115 24,168 29,567 5,691 15,140			3,115 24,168 29,56? 5,691 15,140	12,772 39,650 53,234 7,673 14,539
Language tuition Elderly group	1,320 136			1,320 136	2,480 11,687
Total	79,137			79,13?	142,035

rior year
	Unrestricted	Restricted	Endowment	Total funds	Total funds
	funds	funds	funds
Society objectives	2020	2020 6	2020 f	2020f	2019
Grants					15,953
Prayer hall donations Prayer hall Arti box Religious festivals Samaj Deep General cultural activities	12,772 39,650 53,234 7,673 14,539			12,772 39,650 53,234 7,673 14,539	9,176 41,163 56,697 4,776 11,573
Language tuition Elderly group	2,480 11,687			2,480 11,687	2,770 10,105
Total	142,035			142,035	152,413

ading ac
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	Funds
		2021 f	2021 f.	2021 f	2021 f.	2020 f
Profit on sale of religious Wedding hall hire Other rental income	items	1,031 1,329 156			1,031 1,329 156	1,184 14,164 156
Total		2,516			2,516	15,504

			Unrestricted	Restricted	Endowment	I funds	Total
			funds	funds	funds		funds
			2021f	2021f	2021f	2021f	2020f
Bank Rental	interest income	receivable	1,411 42,475		8,233	9,644 42,475	26,867 38,137
Total			43,886		8,233	52,119	65,004

		Unrostrlcted	Restricted	Endowment	Total funds	Total
		funds	funds	funds		funds
		2020 f	2020f	2020f	2020f	2019f
Bank Rent	interest receivable ofWest Cliff property	9,204 38,137		17,663	26,867 38,137	6,491 33,213
Total		47,341		17,663	65,004	39,704

penditure on c	es
	Unrestricted	Restricted	Endowment	Total funds	Total funds
	funds	funds	funds
	2021	2021	2021	2021	2020
	0		K	6	0
Direct
365 day service expenses Religious festivals General cultural activities	1,230 2,451 14,869			1,230 2,451 14,869	4,669 22,921 11,388
Elderly group Language tuition Samaj Deep Advertising Wages and salaries (note 8)	96 1,883 2,831 946 8,805	6,090	12,352	96 1,883 2,831 946 27,247	4,715 713 4,690 1,776 17,493
	33111	6,090	12,352	51,553	68,365
Support Telephone Rates and water	1,253 7,515			1,253 7,515	1,176 9,773
Printing, postage and stationery General expenses Insurance	2,789 1,966 13,208			2,789 1,966 13,208	2,778 2,668 12,715
Heat and light Repairs and maintenance	19,429 23,088			19,429 23,088	27,133 32,385
HP interest
Depreciation Governance costs (note 7)	11,646 3,504	30,982		42,628 3,504	44,081 2,667
	84,398	30,982		115,380	135,376
Total	117,509	37,072	12,352	166,933	203,741

	Expenditure on charitable activitie Prior year	s (Continued)
		Unrestricted	Restricted	Endowment	Total funds	Total funds
		funds	funds	funds
		2020 f	2020f	2020 f.	2020	2019 f
	Direct
	365 day service expenses Religious festivals General cultural activities	4,669 22,921 11,388			4,669 22,921 11,388	691 18,996 8,686
	Elderly group Language tuition Samaj Deep Advertising Wages and salaries (note 8)	4,715 713 4,690 1,776 15,225		2,268	4,715 713 4,690 1,776 17,493	4,155 281 1,369 3,219 18,067
		66,097		2,268	68,365	55,464
	Support Telephone Rates and water	1,176 9,773			1,176 9,773	1,161 9,156
	Printing, postage and stationery General expenses Insurance	2,778 2,668 12,715			2,778 2,668 12,715	2,966 1,788 11,183
	Heat and light Repairs and maintenance HP interest	27133 32,385			27 133 32,385	24,755 39,918 52
	Depreciation Governance costs (note 7)	13,099 2,667	30,982		44,081 2,667	36,321 3,921
		104,394	30,982		135,376	131,221
	Total	170,491	30,982	2,268	203,741	186,685
7	Governance costs

overnance costs
	Unrestricted	Restricted	Endowment	Total	Total
	funds	funds	funds	funds	funds
	2021 f	2021f	2021	2021	2020f
Accountancy	2,940			2,940	2,667
Legal fees	564			564
	3,504			3,504	2,667

aff costs w	ere as follows:
		2021 f	2020 f
Gross		25,740	17,493
Employer's	NIC	1,507
Total		27,247	17,493
		2021	2020
		No.	No.
Employees		12	11

	Freehold	Fixtures
	property f	and Fittings F	Total 6
Costs
At 1 April 2020 Additions	1,585,310	264,405 29,665	1,849,715 29,665
At 31 March 2021	1,585,310	294,070	1,879,380
Depreciation At 1 April 2020	581,381	132,558	713,939
	29,206	13,421	42,627
Charge for year
At 31 March 2021	610,587	145,979	756,566
Net book value
At 31 March 2021	974,723	148,091	1,122,814
At 31 March 2020	1,003,929	131,847	1,135,776

stees believe that	this valuation is still appropriate f	or the property.
		2021	2020
		6	F
48 West Cliff, Preston		540,000	540,000
Seva Bond 1		42,000	42,000
Seva Bond 2		95,550	95,550
54 South Meadow	Lane	90,000	90,000
48 South Meadow	Lane	166,299	166,299
		933,849	933,849

			17,505
CJRS Grant			18,743
Cost ofsales			(373)
Other expenditure			(26,724)
Profit for the year			9,151
Charitable donation	to Gujarat	Hindu Society	(9,151)
Retained profit
Net assets

11	Debtors
							2021f	2020 f
	Prepayments and accrued				income		180	180
	Amount	due from subsidiary			undertaking		9,151	26,061
							9,331	26,241
12	Cash at Bank
							2021f	2020
	Sklpton Building Society Yorkshire Bank						211,455 210,075	221,550 206,350
	HSBC						372,783	353,822
	Cash in	Hand					2,279	1,844
							796,592	783,566
13	Creditors:		Amounts	falling	due within one year
							2021f	2020
	Accruals		and deferred income				2,820	7,064
							2,820	7,064
	Deferred		income
	Deferred		income at 1 April		2020			2,500
	Resources deferred			during	the year
	Amounts		released	from previous		years		(2,500)
	Deferred		income at 31 March 2021

Current year
		Balance at 1				Balance at
		April			Transfers	31 March
		2020	Income	Expenditure	ini(out)	2021
Unrestricted funds
General funds		1,182,425	140,008	(117,509)		1,204,924
Endowment funds
365day service fund		139,612	8,233	(12,352)		135,493
Restricted funds
Coronavlrus	Job		6,090	(6,090)
Retention Scheme
Temple restoration Stage lighting fund	fund	1,536,897 13,434		(29,063) (1,919)		1,507,834 11,515
Total		2,872,368	154,331	(166,933)		2,859,766
Prior year
		Balance at 1				Balance at
		April			Transfers	31 March
		2019	Income	Expenditure	in/(out)	2020
Unrestricted funds						1,182,425
General funds		1,108,253	240,648	(170,087)	3,611
Endowment funds						139,612
365 day service fund		124,217	17,663	(2,268)
Restricted funds
Lottery funding	for	3,611			(3,611)	1,536,897
anniversary project Temple restoration	fund	1,565,960		(29,063)		13,434
Stage lighting fund		15,353		(1,919)
Total		2,817,394	258,715	(203,741)		2,872,368

each year from unrestricted funds	each year from unrestricted funds	in respect	ofdeprecation.
Analysis of net assets between		funds
Current year
			Unrestricted	Restricted	Endowment	Total
			funds	fundsf	fundsf	fundsf
Tangible	fixed assets		148,091	974,723		1,122,814
Fixed asset investments			258,356	540,000	135,493	933,849
Current	assets		801,297	4,626		805,923
Creditors	due within one year		(2,820)			(2,820)
Creditors	due in more than one	year
			1,204,924	1,519,349	135,493	2,851,217
Prior year
			Unrestricted	Restricted	Endowment	Total
			fundsf	fundsf	funds f.	fundsf
Tangible	fixed assets		125,445	1,010,331		1,135,776
Fixed asset investments			256,299	540,000	137,550	933,849
Current assets			807,745		2,062	809,807
Creditors	due within one year		(7,064)			(7,064)
Creditors	due in more than one	year
			1,182,425	1,550,331	139,612	2,872,368