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2020-07-31-accounts

SRI DATTA YOGA CENTRE (UK) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2020

Charity Number 1003856

SRI DATTA YOGA CENTRE (UK)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

CONTENTS

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||||| |---|---|---|---| |Page| |Trustees|annual|report| |1| |Independent|Examiner's|Report| |3| |Statement of Financial Activities|4| |Balance|Sheet| |5| |Notes to the Financial Statements|6| |The following Pages do not form|part of the financial statements| |Detailed|Statement|of Financial|Activities|

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SRI DATTA YOGA CENTRE (UK)

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 JULY 2020

31st July 2020 The trustees Present their report and the unaudited financial statements of the charity for the year ended

LEGAL STATUS

Sri Datta Yoga Centre (UK) is an unincorporated charity governed by a written constitution.

OBJECTIVES OF SRI DATTA YOGA CENTRE (UK)

The charity has the following objectives:-

(Il) Promote the study and teachings of the ancient oriental art of YOGA.

(iii) Conduct a centre for all religious charitable purposes.

ORGANISATION

The administration and control of the Sabha and its assets is vested in the Board of Trustees. No other institutions or bodies Corporate are connected with Sri Datta Yoga Centre (Uk).

FINANCIAL CONTROLS

Sufficient reserves are maintained for Organising activities of the charity and the upkeep of the building.

INVESTMENT POWERS AND RESTRICTIONS

The charity is able to invest any funds in accordance with legislation governing them.

Conid......

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SRI DATTA YOGA CENTRE (UK)

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 JULY 2020

REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS Covid 19 compliance required us to close the temple from March 16,2020 which continued to 31 July 2020 This has had major impact in absence of any activities in the temple. However we began live streaming of morning poojas on Saturdays and on festival days which became popular with devotees & sponsors ; & Whilst the temple was‘open until March 16, 2020, we continued with our normal activities (i) Celebrations of various festivals in the Hindu Calender (e.g Diwali) (ii) Regular devotionaL bhajan singing and prayers (iii) Teaching music and various forms of Yoga (iv) Explanation of the various Hindu scriptures (e.g. Gita, Veda's) (vi) Teaching the essence of Hinduism to all

During the year under review charity had employed one employee. There are no major risks identified by the trustees ..

THE TRUSTEES

The trustees who served the charity during the year were as follows:-

:

Mr Manubhai Patel - Chairman ‘Mr Jitendra Dave - Secretary . Mr Mohanial L Suthar - Treasurer Mr Ravindranath Sunkara .- Ms Bhavna Patel Mr Uttam Veturi

é

Signed on behalf of the Trustees

Mr Manubhai Patel Chairman

Approved by the trustees on 30 November 2020

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FOR THE YEAR ENDED 31 JULY 2020

SRI DATTA YOGA CENTRE (UK) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SRI DATTA YOGA CENTRE (UK)

PagesWe report4 to9 on the unaudited accounts of the charity for the year ended 31st July 2020 as set out on

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE INDEPENDENT EXAMINER As the Trustees of the charity you are responsible for the preparation of the accounts; you consider that the audit requirements of section 43(2) of the Charities Act 1993 does not apply. Itis our responsibility to state, on the basis of the procedures specified in the General Directions given by the Charities Commissioners under section 43(7)(b) of the Act, whether particular matters have come to our attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT

Our examination was Carried out in accordance with the general directions given by the Charity Commissioners. An independent examination includes a review of the accounting records kept by the charity and a comparison of the accounts Presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be accounts. required in an audit, and consequently we do not ©xpress an audit opinion on the view given by the

INDEPENDENT EXAMINER'S STATEMENT

In connection with our examination, no matter has come to my attention:-

(1) which gives us reasonable cause to believe that in any material respect the requirements:

have not been met; or

:

Akshar & Company Chartered Certified Accountants 221 Kenton Lane Kenton Harrow Middlesex HA3 8RP

Dated: 30 November 2020

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SRI DATTA YOGA CENTRE (UK)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 JULY 2020

INCOMING RESOURCES Notes Notes £ 2020 £ £ 2019
£
Donations
Rental /hire ofhall Income 2 148,444 132,967
Interest receivable 3 4,886 2,760
Other Income 4 1,009 665
TOTAL INCOMINGRESOURCES § 7,593 7,688
161,932 144,080
RESOURCES EXPENDED
Costs ofgenerating funds:
FundraisingandPublicity
Charitableexpenditure		 6 4,675 2,105
Costs infurtheranceofcharitableobjects
Managementandadministration		 7
8		 928
1,954
127,274
132,877 140,015
144,075
—_wEO
OTS
144,075
NETINCOMING(OUTGOING) RESOURCESFORTHEYEAR
Balance Brought Forward		 10 29,055 5
Balance Carried Forward 3,002,653 3,002,648
3,031,708
3,002 653
SE

All movements are in Unrestricted Funds

The notes on Page 6 to 9 form part of these financial statements

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;

SRI DATTA YOGA CENTRE (UK)

BALANCE SHEET AS AT

31ST JULY 2020

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|||||||| |---|---|---|---|---|---|---| |Notes|2020|2019| |FIXED ASSETS|£|£|£|£| |Tangible|assets| |CURRENT|11|2,710,627|2,772,515| |Debtors|ASSETS|Ths|as| |at bank and|in|hand| |Cash|and prepayments|42|*|3,703|2,841| |425,899|338,213| |CREDITORS|429,602|341,054| |Amounts falling due within one year|13|108,521|110,917| |TONE|T|AL CURRENT ASSETS LESSASSETS CURRENT LIABILITIES|-|is|321,081|230,137_| |LONG TERM|LIABILITIES|3,031,708|3,002,653| |Bank|Loan| |=| |3,031,708|=| |——————|3,002,653| |GENERAL|FUND|SS| |Unrestricted|funds|;| |TOTAL|FUNDS|14|3,031,708|3,002,653| |3,031,708|3,002,653| |These|ll|See| |financial Satements were approved by the members of|the committee on 30 November 2020 and are signed|

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Chairman ‘

' The notes on Page 6 to 9 form part of these financial statements

SRI DATTA YOGA CENTRE (UK) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

1 ACCOUNTING POLICIES

Basis of Accounting

; The financial statements have been prepared under the historical cost convention and in accordance andwith thethe StatementCharities Act of Recommended1993. Practice "Accounting and Reporting by Charities" (SORP 2005)

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life ( hence, obsolete assets are written off as they occur.)

Freehold Land -NIL Freehold Buildings - 75 Years Straight Line Freehold Improvements - 65 Years Straight Line to coincide with freehold buildings Furniture and Equipment - 25% Reducing Balance

2 DONATIONS

DONATIONS
2020 2019
Donations received grossed up for tax £ £
148,444 132,967
RENTAL/HIREOFHALLINCOME 148,444
132,967
eEE=——————————
-Rent Received
4,886 2,760
4,886
2,760
—SS———
INTEREST RECEIVABLE
Bank interest received
1,009 665
1,009
———————		 665
OTHER INCOME
Bookstall income
Employee
AccommodationContribution
Debt Recovery		 53
7,540		 70
7,182
- 436
7,593
—_—		 7,688
3 RENTAL/HIREOFHALLINCOME
-RentReceived

4 INTEREST RECEIVABLE

5 OTHER INCOME

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SRI DATTA YOGA CENTRE (UK)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

ae eee 6 FUND RAISING AND PUBLICITY

Advertising costs

Advertising costs
4,675 2,105
___4675 2,105"
7 COSTINFURTHERANCEOFCHARITABLEOBJECTS
Provision ofcharitable services:
Donations made
Books and cassette
Function /eventexpenses		 -
=		 1,425
=
Other Expenses 928 979
- - 450
____928
~~~~*4,954"

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SRI DATTA YOGA CENTRE (UK)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

8 MANAGEMENT ANDADMINISTRATION 2020 2019
Office cost
Accountancy fees		 £
126,482
792		 £
139,343
672
9 TOTALRESOURCESEXPENDED 127,274
EE		 140,015
Donations made
Fund raising and publicity
Other charitable expenses
Management and administration		 -
4,675
928		 1,425
2,105
529
127,274 140,015
132,877
=		 144,075
ManagementandAdministrationexpensesincludesSalarypaidtoone fulltime
priest.Therearenootheremployeesandnoremunerationspaidtoanyofthe
trustees orvolunteers during theyearunderreview .
10 NETINCOMING(OUTGOING)RESOURCES
The netincoming resources is stated aftercharging:
Depreciation
Obsolete costs 58,089 69,220
3,800 -
61,889
69,220
EE=———————

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SRI DATTA YOGA CENTRE (UK)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2020

11 TANGIBLE FIXED ASSETS

COST
At1stAugust 2019
Additions during year
Disposals/ obsolete		 Freehold
Land
£
1,050,000
-		 Freehold
Property
=
630,671
-		 Freehold
Improvement
1,091,432
-		 Furnitureand
Equipment
e
314,361		 Total
£
3,086,464
-
=
At31stJuly2020
DEPRECIATION		 1,050,000 630,671 1,091,432 314,361 3,086,464
At1stAugust’2019
Chargefortheyear
Disposals/ obsolete at cost		 - 83,975
8,409		 49,191
16,285		 180,782
33,395		 313,948
58,089
At 31st July2020
NET BOOKVALUE		 - 92,384 65,476 3,800
217,977		 3,800
375,837
12 At31stJuly2020
At 31stJuly2019
DEBTORS&PREPAYMENTS		 1,050,000
1,050,000		 538,287
546,696		 1,025,956
1,042,241		 96,384
133,579		 2,710,627
2,772,516
Amounts falling duewithin one year
Prepayments		 2020
£
2,189		 2019
£
1,657
1,514 1,184
13 CREDITORS 3,703
oo		 2,841
Amounis falling due within oneyear
Accruals		 - -
108,521 110,484
14 GENERALFUND 108,521
110,484
————————
Unrestricted funds
At 1stAugust
Surplus (Deficit) fortheyear ; 3,002,653 3,002,648
At 31st July 29,055 5
3,031,708
3,002,653
=
—__

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SRIDATTAYOGA YOGACENTRE(UK) YOGACENTRE(UK) YOGACENTRE(UK)
DETAILEDSTATEMENTOFFINANCIALACTIVITIES ACTIVITIES
FORTHEYEARENDED31 JULY2020 2020
INCOME £ 2020 £ £ 2019 £
Donations received
Rental
/hireofhallIncome
Bank interest		 148,444
4,886		 132,967
2,760
Employee
AccommodationContribution
Bookstall
Income
Debt recovery		 1,009
7,540
53		 665
7,182
70
- 436
COSTOFGENERATINGFUNDS: 161,932 144,080
Advertisingcosts
4,675 2,105
CHARITABLE EXPENDITURE: 4,675
——		 2,105
——
‘
Donationsmade
Books and cassettes
Function Expenses
OtherExpenses -netinaug/swamijivisitcosts
MANAGEMENTANDADMINISTRATION		 -
-
928
-
—_
928		 ' 1,425
-
979
450
—__(450)
1,954
Employee Costs
Insurance
Lightandheat
Rates
Waterrates
Telepone,
TV,Broadband
Postage,Printing andStationery
Temple
Opearatingcosts=cleaning
Maintenance, Repairsandrenewals
Sundryexpenses
Accountancy
Bank charges
Bank Interest
Profesionalfees
Depreciation:-
Depreciationoffreeholdproperty
Depreciationoffreeholdimprovements
Depreciation offurnitureandequipment
. Obsoleteconstructioncost		 _ — 24,024
3,038
6,865
1,877
6,481
856
40
3,564
13,820
-
792
1,049
:
2,979
8,409
16,285
33,395
3,800
127,274
=		 !
i		 23,660
3,639
10,322
2,111
3,192
1,041
672
5,363
6,493
140
672
1,056
-
12,434
8,409
16,285
44,526
-
140,015
—=.
TOTAL EXPENDITURE
NETINCOME 132,877 144,075
29,055
———_		 5
——.

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