##
|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|||ID Tailor MBEJP DL,|President|President||||
|---|---|---|---|---|---|---|---|---|
||||D H Nayee, Vice President||||||
||||C H Limbachia,
Secretary||||||
||||A M Jariwala,
Assistant
Secretary||||||
||||B Panchal, Treasurer||||||
||||N Parmar, Assistant Treasurer||||||
||||A Limbachia,
Committee
Member||||||
||||M Marolia, Committee|Member|||||
||||0 Maru, Committee
Member||||||
||||K Parekh Committee|Member||(Resigned||18/9/22)|
||||D Patel Committee
member||||||
||||U Solanki, Committee|Member|||||
||||RValand,
Committee|Member|||||
||||P Nayee
Committee|Member||(Appointed||18/9/22)|
||||J Parekh
Committee|Member||(Appointed||18/9/22|
||||KVara
Committee
Member||(Appointed||18/9/22)||
||||K Parekh
Holding Trustee||||||
||||A Patel
Holding Trustee||||||
|Charity registered||number|505959||||||
|Principal office|||South Meadow Lane||||||
||||Preston||||||
||||PR1 8JN||||||
|Independent|auditors||MHA Moore and Smalley||||||
||||Richard House||||||
||||Winckley Square||||||
||||Preston||||||
||||PR1 3HP||||||
|Bankers|||HSBC Pic||||||
||||40 Fishergate||||||
||||Preston||||||
||||PR12DP||||||
|Solicitors|||Harrison
Drury||||||
||||1aChapel Street||||||
||||Winckley Square||||||
||||Preston||||||
||||PR1 8BU||||||
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
|||Note|2023
f|2023
E|2023|2023
E|2022
f|
|Income and endowments|from:|||||||
|Donations
and legacies
Charitable
activities
Trading
activities
Investment
income
Other income —Covid Job
Retention Scheme||2
3
4
5|4,480
129,505
66,642
45,765|202||4,480
129,707
66,642
45,765|23,849
145,225
13,925
49,453
3,659|
|Total income and endowments|||246,392|202||246,594|236,111|
|Expenditure
on:||||||||
|Charitable
activities||6|157,676|31,340|11,206|200,222|193,131|
|Total expenditure|||157,676|31,340|11,206|200,222|193,131|
|Net income/(expenditure)
before transfers|||88,716|(31,138)|(11,206)|46,372|42,980|
|Transfers
between
funds||14||||||
|Net movement
in funds|||88,716|(31,138)|(11,206)|46,372|42,980|
|Total funds brought
forward|||1,287,344|1,490,547|124,855|2,902,749|2,859,766|
|Total funds carried forward|||1,376,060|1,459,409|113,649|2,949,')18|2,902,746|
##
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##
||||||2023||2022||
|---|---|---|---|---|---|---|---|---|
|||||Note|5||||
|Fixed assets|||||||||
|Tangible assets||||9||1,045,487||1,079,717|
|Investments||||10||943,299||933,849|
|||||||1,988,786||2,013,566|
|Current assets|||||||||
|Debtors||||11|||||
|Cash at bank|and|in|hand|12|963,166||891,436||
||||||963,166||891,436||
|Creditors:
amounts|||falling due within one||||||
|year||||13|||||
||||||(2,834)||(2,256)||
|Net current|assets|||||960,332||889,180|
|Total assets|less|current liabilities||||2,949,118||2,902,746|
|Creditors:
amounts|||falling due after more||||||
|than one year||||13|||||
|Net assets||||||2,949,118||2,902,746|
|Charity funds
Endowment
funds||||14||113,649||124,855|
|Restricted funds||||14||1,459,409||1,490,547|
|Unrestricted|funds|||14||1,376,060||1,293,965|
|||||||2,949,118||2,902,746|
##
##
##
||||2023|2022|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net cash flow from operating
activities|||45,346|40,855|
|Cash flow from investing|activities||||
|Dividends,
interest and rents from investments|||45,765|56,069|
|Additions
to investments|||(9,450)||
|Purchase oftangible
fixed assets|||(9,932)|(2,082)|
|Net cash generated/(used)|by investing|activities|26,383|53,988|
|Change
in cash and cash equivalent
in||the year|71,729|94,844|
|Cash and cash equivalents|brought
forward||891,437|795,592|
|Cash and cash equivalents|carried forward||963,166|891,436|
|Analysis ofcash and cash|equivalents||||
||||2023f|2022f|
|Cash at bank
Cash in hand|||959,321
3,845|888,103
3333|
||||963,166|891,436|
|Reconciliation
of net movement
in funds to net cash flow from operating|||activities||
||||2023|2022|
|||||F.|
|Net (expenditure)/income
for the year|||46,372|42,980|
|Adjustment
for:|||||
|Depreciation
charges|||44,163|45,180|
|Dividends,
interest and rents from investments
Decrease/(increase)
in debtors
Increase/(decrease)
in creditors|||(45,765)
576|(56,074)
9,331
(561|
|Net cash flow from operating|activities||45,346|40,856|
|The notes on pages 12to 24|form part of|these financial statements|||
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##
|onations
and legac|ies|||||
|---|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|Total|
||funds|funds|funds|funds|funds|
||2023f|2023
f|2023
6|2023
6|2022|
|Donations|4,480|||4,480|23,849|
##
|ncome|from cha|ritable
act|ivities|||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total funds|Total funds|
||||funds|funds|funds|||
|Society objectives|||2023f|2023f|2023f|2023
6|2022
6|
|Grants|||||||30,000|
|Prayer|hall donations||2,391|||2,391|2,169|
|Prayer|hall Arati|box|40,286|||40,286|39,477|
|Religious festivals|||57,651|||57,651|52,796|
|Samaj|Deep||6,170|||6,170|7,130|
|General|cultural|activities|11,471|202||11,673|4,549|
|Language
tuition|||1,650|||1,650|2,303|
|Elderly|group||9,886|||9,886|6,801|
|Total|||129,505|202||129,707|145,225|
##
||||Unrestricted|Restricted|Endowment|Total funds|Total funds|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|||
|Society objectives|||2022f|2022f|2022|2022|2021f|
|Grants||||30,000||30,000||
|Prayer|hall donations||2,169|||2,169|3,115|
|Prayer|hall Arti box||39,477|||39,477|24,168|
|Religious festivals|||52,796|||52,796|29,567|
|Samaj|Deep||7,130|||7,130|5,691|
|General|cultural|activities|4,145|404||4,549|15,140|
|Language
tuition|||2,303|||2,303|1,320|
|Elderly|group||6,801|||6,801|136|
|Total|||114,821|30,404||145,225|79,137|
##
##
##
##
|rading|activitie|s|||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|funds|funds|Funds|
|||||2023|2023|2023|2023|2022|
|||||f||f|f||
|Profit on|sale of|religious|items|1,431|||1,431|1,372|
|Wedding|hall hire|||10,689|||10,689|6,134|
|GHS Enlerprise||Income||54,522|||54,542|6,419|
|Total||||66,642|||66,642|13,925|
##
|nvestment
income||||||
|---|---|---|---|---|---|
||Unrestdcted|Restricted|Endowment|Total funds|Total|
||funds|funds|funds||funds|
||2023f|2023f|2023f|2023
f.|2022
f|
|Bank interest receivable|3,189|||3,189|8,385|
|Rental income|37,312|||37,312|37,281|
|Interest on bonds|5,264|||5,264|3,787|
|Total|45,765|||45,765|49,453|
|Prior year||||||
||Unrestricted|Restricted|Endowment|Total funds|Total|
||funds|funds|funds||funds|
||2022
f.|2022f|2022f|2022|2021
f|
|Bank interest receivable|8,385|||8,385|9,644|
|Rental income|37,281|||37,281|42,475|
|Interest on bonds|3,787|||3,787||
|Total|49,453|||49,453|52,119|
##
##
##
##
##
|Expenditure
on|charitable
activi|ties|||||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total funds|Total funds|
|||funds|funds|funds|||
|||2023
2|2023f|2023
f|2023|2022f|
|Direct|||||||
|365 day service|expenses|||||2,288|
|Religious festivals||8,245|||8,245|4,953|
|General
cultural|activities|8,303|606||8,909|2,857|
|Elderly group||4,315|||4,315|1,b/1|
|Language
tuition||1,863|||1,863||
|Samaj Deep||4,114|||4,114|2,848|
|Advertising||1,440|||1,440|11,025|
|Wages and salaries (note 8)||15,556||11,206|26,762|34293|
|||43,836|606|11,206|55,648|59,835|
|Support|||||||
|Telephone||1,265|||1,265|1,548|
|Rates and water||4,841|||4,841|5,632|
|Printing,
postage|and stationery|1,181|||1,181|2,296|
|General expenses||9,515|||9,515|3,314|
|Insurance||10,107|||10,107|10,885|
|Heat and light||17,561|||17,561|20,504|
|Repairs and maintenance||52,591|||52,591|9,236|
|Depreciation||13,429|30,734||44,163|45,180|
|Grant expenditure||||||30,000|
|Governance
costs (note 7)||3,350|||3,350|4,701|
|||113,840|30,734||144,574|133,296|
|Total||157,676|31,340|11,206|200,222|193,131|
##
##
##
##
|6|Expenditure
on c
Prior year|haritable
activit|ies (Continue|d)||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total funds|Total funds|
||||funds|funds|funds|||
||||2022
f|2022
f|2022f|2022
f|2021
f.|
||Direct|||||||
||365day service|expenses|2,288|||2,288|1,230|
||Religious festivals||4,953|||4,953|2,451|
||r'anaral
cidtural|activities|2,857|||2,857|14,869|
||Elderly group||1,571|||1,571|96|
||Language
tuition||||||1,883|
||Samaj Deep||2,848|||2,848|2,831|
||Advertising||11,025|||11,025|946|
||Wages and salaries (note 8)||7,535|3,659|10,638|21,832|27,247|
||GHS Enterprise|salaries|12,461|||12,461||
||||45,538|3,659|10,638|59,835|51,553|
||Support|||||||
||Telephone
Rates and water||1,548
5,632|||1,548
5,632|1,253
7,515|
||Printing,
postage and stationery
General expenses||2,296
1,694|||2,296
1,694|2,789
1,966|
||GHS Enterprise|other costs|1,620|||1,620||
||Insurance||10,885|||10,885|13,208|
||Heat and light||20,504|||20,504|19,429|
||Repairs and maintenance||9,236|||9,236|23,088|
||Depreciation||15,974|29,206||45,180|42,628|
||Grant expenditure|||30,000||30,000||
||Governance
costs (note 7)||4,701|||4,701|3,504|
||||74,090|59,206||133,296|115,380|
||Total||119,628|62,865|10,638|193,131|166,933|
|7|Governance costs|||||||
|||Unrestricted||Restricted|Endowment|Total|Total|
||||funds|funds|funds|funds|funds|
||||2023f|2023f|2022f|2022f|2022f|
||Accountancy||3,336|||3,336|4,094|
||Legalfees||14|||14|607|
||||3,350|||3,350|4,701|
##
##
##
##
|Staff costs|were|as follows:||||||
|---|---|---|---|---|---|---|---|
|||||||2023
6|2022
f|
|Gross||||||24,999|32,716|
|Employer's|NIC|||||1,763|1,577|
|Total||||||26,762|34,293|
|||||||2022|2022|
|||||||No.|No.|
|Employees||||||'IO||
|No employee|received remuneration|||amounting||to more than 660,000 in either year||
|Key management||personnel|are considered||to|be the following:||
|ID Tailor MBEJP DL, President||||||||
|D H Nayee,|Vice|President||||||
|C H Lambachia,||Secretary||||||
|BPanchal, Treasurer||||||||
##
||Freehold|Fixtures||
|---|---|---|---|
||property
8|and Fittings
f|Total|
|Costs||||
|At 1 April 2022|1,585,310|296,152|1,881,482|
|Additions||9,933|9,933|
|At 31 March 2023|1 585310|306 085|1&891395|
|Depreciation||||
|At 1 April 2022|639,793|161,952|801,745|
|Charge for year|29,206|14,957|44,163|
|At 31 March 2023|668,999|176,909|845,908|
|Net book value||||
|At 31 March 2023|916,311|129,176|1,045,487|
|At 31 March 2022|945,517|134,200|1,079,717|
##
|rustees
believe that this valuation
is still appropriate|for the property.||
|---|---|---|
||2023f|2022
6|
|48West Cliff, Preston|540,000|540,000|
|Seva Bond 1|42,000|42,000|
|Seve Bond 2|105,000|95,550|
|54 South Meadow Lane|90,000|90,000|
|48 South Meadow Lane|166,299|166,299|
||943,299|933,849|
##
##
##
##
|11|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||||||6|
||Prepayments|and accrued|||income|||
||Amount
due from subsidiary||||undertaking|||
|12|Cash at Bank|||||||
|||||||2023|2022|
|||||||9||
||Skipton
Building Society|||||411,482|315,409|
||Virgin
Money|||||218,321|217,680|
||HSBC|||||282,180|335,784|
||HSBC —GHS|Enterprise||||47,338|19,230|
||Cash in Hand|||||3,845|3,333|
|||||||963,166|891,436|
|13|Creditors: Amounts||falling||due within one year|||
|||||||2023|2022|
|||||||5|F|
||Accruals and|deferred||income||2,834|2,258|
|||||||2,834|2,258|
##
##
##
##
##
|tatement of
Current year|funds|||||||
|---|---|---|---|---|---|---|---|
||||Balance at 1||||Balance at|
||||April|||Transfers|31 March|
||||2022|Income|Expenditure|in/(out)|2022|
|Unrestricted|funds|||||||
|General funds|||1,287,344|246,392|(157,676)||1,376,060|
|Endowment|funds|||||||
|365 day service fund|||124,855||(11,206)||113,649|
|Restricted funds||||||||
|Temple restoration||fund|1,480,374||(29,206)||1,480,374|
|Stage lighting|fund||9,769||(1,528)||9,769|
|Cultural
Activities|||404|202|(606)|||
|Total|||2,902,746|246,594|(200,222)||2,949,118|
|r/or year||||||||
||||Balance at 1||||Balance at|
||||April|||Transfers|31 March|
||||2021|Income|Expenditure|in/(out)|2022|
|Unrestricted|funds|||||||
|General funds|||1,204,924|202,048|(119,628)||1,287,344|
|Endowment|funds|||||||
|365day service fund|||135,493||(10,638)||124,855|
|Restricted funds||||||||
|Coronavirus||Job||3,659|(3,659)|||
|Retention Scheme||||||||
|Temple restoration||fund|1,507,834||(27,460)||1,480,374|
|Stage lighting|fund||11,515||(1,746)||9,769|
|Covid India||||30,000|(30,000)|||
|Cultural
Activities||||404|||404|
|Total|||2,859,766|236,111|(193„131)||2,902,746|
##
##
##
##
|Analysis of net assets between
fund|Analysis of net assets between
fund|s||||
|---|---|---|---|---|---|
|Current year||||||
|||Unrestricted|Restricted|Endowment|Total|
|||fundsf|fundsf|fundsf|fundsf|
|Tangible|fixed assets|126,078|927,006||1,045,487|
|Fixed asset investments||256,299|540,000|147,000|943,299|
|Current|assets|996,517||(33,351)|963,166|
|Creditors|due within one year|(2,834)|||(2,834)|
|||1,376,060|1,459,409|113,649|2,949,118|
##
|rior year||||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|
|||fundsf|fundsf|fundsf|funds|
|Tangible|fixed assets|134,200|945,517||1,079,717|
|Fixed asset investments||256,299|540,000|137,550|933,849|
|Current assets||899,101|5,030|(12,695)|891,436|
|Creditors|due within one year|(2,256)|||(2,256)|
|Creditors|due in more than one year|||||
|||1,287,344|1,490,547|124,855|2,902,746|
##