GUJARATI ARYA ASSOCIATION LONDON
To promote any charitable purpose for the benefit of persons belonging to the Gujarati MochiCommunity either by descent or marriage and in particular for the advancement of educationand religious faith of its members.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds were maintained at a level equating to approximately six months of unrestricted expenditure, meeting the charity's own reserves policy. The charity reported a net income of £49,968 for the year, with total funds increasing to £1,347,956, and explicitly notes that the bank loan secured against the hall was settled in full during the year.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure.” — page 5
Funders the charity credits
- Gujarati Arya Kshatriya Mahasabha
- Gurarati Arya Association Leicester
Trustees
- SOMCHAND MAKANJI PARMARchair
- NARENDRA MORAR
- Ramesh Parmar
- Satish Ramanlal Umeria
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £266k | £216k |
| 31/12/2023 | £242k | £221k |
| 31/12/2022 | £158k | £123k |
| 31/12/2021 | £86k | £91k |
| 31/12/2020 | £101k | £87k |
Common questions
Is GUJARATI ARYA ASSOCIATION LONDON financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds were maintained at a level equating to approximately six months of unrestricted expenditure, meeting the charity's own reserves policy. The charity reported a net income of £49,968 for the year, with total funds increasing to £1,347,956, and explicitly notes that the bank loan secured against the hall was settled in full during the year. Its FY2024 accounts were independently examined.