NAVNAT VANIK ASSOCIATION OF THE UNITED KINGDOM
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £263,113 for the year ended 31 December 2024, with total funds increasing to £6,157,582. The trustees maintain free reserves of £855,474, which exceeds their stated policy target of approximately £350,000. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees consider that the Charity should have free reserves of approximately £350,000 to cover its core activities for 15 to 18 months.” — page 8
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (07/09/2020)
Trustees
- JASWANTRAI RATILAL DOSHI Presidentchair
- Anup Chandulal Mehta
- DAVID BRODIE HOLDEN
- DILIP VITHALJEE MITHANI
- DIVYESH MANSUKHLAL KAMDAR
- HASUMATI VINODRAI DOSHI
- KETAN JASHAPARA Treasurer
- KIRIT BATAVIA
- KISHORCHANDRA VORA V.P
- KISHOREKUMAR GIRDHARLAL BATAVIA
- MAYUR DOSHI
- NATWARLAL MEHTA -NVM
- PIYUSH JAISUKH VORA
- SANGEETA BAVISHA
- SAROJ BHARAT VARIA
- SHIRISHKUMAR BABULAL MITHANI
- SUBHASH KANTILAL BAKHAI G.SEC
- Shamir Sanghrajka
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £877k |
| 31/12/2023 | £1.2m | £882k |
| 31/12/2022 | £903k | £685k |
| 31/12/2021 | £695k | £315k |
| 31/12/2020 | £591k | £332k |
Common questions
Is NAVNAT VANIK ASSOCIATION OF THE UNITED KINGDOM financially healthy?
The accounts state that the charity generated a surplus of £263,113 for the year ended 31 December 2024, with total funds increasing to £6,157,582. The trustees maintain free reserves of £855,474, which exceeds their stated policy target of approximately £350,000. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by AKS Advisers Limited.