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:-
- DATTAREYA
- (i) Advance the Sanatana Dharma (religion) universally in accordance with the Hindu teaching of SRI
(Il) Promote the study and teachings of the ancient oriental art of YOGA.
(iii) Conduct a centre for all religious charitable purposes.
- (iv) Relieve Poverty, sickness and distress of mankind.
- (v) Promote cultural and spiritual understanding between east and west by inviting. international experts, religious dignitaries and musicians as may be appropriate.
- (vi) Do all such acts and other things as shall Carry out the objects of the Sabha and uphold the good name of the Sabha (Place of gathering).
## 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......
1
# 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
2
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:
- (a) to keep accounting records in accordance with section 41 of the Act; and (b) accountingto prepare accounts which accordrequirement of the Act. with the accounting records and to comply with the
have not been met; or
- (2) accountsto which,toin ourbe reached. Opinion, attention should be drawn in order to enable @ proper understanding of the
:
Akshar & Company Chartered Certified Accountants 221 Kenton Lane Kenton Harrow Middlesex HA3 8RP
Dated: 30 November 2020
3
## 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
4
;
## 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
6
## 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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