SHRI VALLABH NIDHI - UK
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income of £298,956 for the year ended 30 June 2023, with total net assets increasing to £21.4 million. The trustees confirmed that the charity has sufficient funds to continue meeting its liabilities for at least 12 months, having returned to normal operations following pandemic restrictions. The charity maintains unrestricted reserves at a level equivalent to six to eight weeks of expenditure, consistent with its stated policy.
What the accounts disclose
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- NARENDRA THAKRARchair
- AJAY JOBANPUTRA
- ASHIT ROY THAKKAR
- GORANDE BHATT
- MAHENDRA PATEL
- PRADIP DHAMECHA
- RAJUBHAI RAICHURA
- RASIKABEN PATEL
- SUBAHU PATEL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £1.4m | £926k |
| 30/06/2024 | £1.6m | £977k |
| 30/06/2023 | £1.3m | £980k |
| 30/06/2022 | £1.2m | £745k |
| 30/06/2021 | £613k | £635k |
Common questions
Is SHRI VALLABH NIDHI - UK financially healthy?
The accounts state that the charity reported a net income of £298,956 for the year ended 30 June 2023, with total net assets increasing to £21.4 million. The trustees confirmed that the charity has sufficient funds to continue meeting its liabilities for at least 12 months, having returned to normal operations following pandemic restrictions. The charity maintains unrestricted reserves at a level equivalent to six to eight weeks of expenditure, consistent with its stated policy. Its FY2023 accounts were audited by KLSA LLP.