SRI DAThA YOGA CENTRE (UK) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024 Charlty Number 1003856
SRI DAThA YOGA CENTRE (UK) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 CONTENTS Paga Trustees annual report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements The followlng page8 do not fomi part of tho financial 8tatemont• Detsiled Stat8ment of Financial Activities
SRI DATTA YOGA CENTRE (UK) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 The trustees present their report and the unauditèd financial statements of the charity for the year 8nd8d 31st July 2024 LEGAL STATUS Sri l)atta Yoga Centre {UK} is an unincorporated charity governed by a written constitution. OBJECTIVES OF SRI DArrA YOGA CENTRE {UK) The charity has tha following objectives:_ (i) Advanc8 the Sanatana Dharma (r8ligion) universally in accordance with the Hindu leaching of SRI DAThAREYA (111 Promote the study and teachings of th8 ancient oriental art of YOGA. (iii) Conduct a centre for all religious charitable purposes. (iv) Relieve povety, 8ickne88 and dislre88 of mankind. (vl Promole cullural 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 olher things 88 shall cary out the objects of tha Sabha and uphold tha good name of the Sabha (Placè of gathering). ORGANISATION The administration and control of the Sabha and its assets is vested in the Board of Trustees. No other instilutions 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 goveming them. Contd...
SRI DArrA YOGA CENTRE (UK) TRU3TEES ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2024 REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS During the year following activities were carried out:. (i) Celebrallons of varfous festivals in the Hindu Calender (e.g Diwali) (ill Regular devolionaL bhajan singing and prayers (iii) Teaching music and various forms of Yoga (iv) Explanation of the various Hindu scriptures (e.g. Gita. Veda's) (v) Teachlng the essence of Hlndulsm lo all (vi) Explanation of the various Hindu scriptures {e.g. Gits. Veda's) (vll) Entertaln local schools students to vlslt our temple and galn knowledge of Hindulsm (vlii) Organised Meditation and Healing concert In the presenc8 of our spiritual leader THE TRUSTEES The trustees who sed Ihe charlty durlng the year under revlew were as follows'.- Mr Manubhai Patel Mr Jitendra Dave Mr Mohanlal L Sulhar Mr Ravindranalh Sunkara Ms Bhavna Palel Dr. Uttam Veturl Mrs Chaitanya Prathima Gonuguntla Mr Venkala Raman Chennupats. Chairman S8cr8tary Treasurer Signed on beh If of the Twstees Mr Manubrf i Patel Chairman" Approved by th8 truste8s on 22 May 2025
SRI DArrA YOGA CENTRE (UK) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SRI DAThA YOGA CENTRE IUK) FOR THE YEAR ENDED 31 JULY 2024 We report on the unaudited accounts of the charity for the year ended 31st July 2024 as set out on pages 4 to 8 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 tho audit requirements of s8Ction 43121 of the Charities Act 1993 does not apply. It is our responsibility to state. on the basis of the procedures specified in the General Directions given by the Charit188 Commissioners under section 43(7llb) 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 Commis8ioners. 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 SUGh matters. The procedures undertaken do not provid8 all the evidenc8 that would be required In an audit, and consequently we do not express an audit opinion on the view given by the accounts. 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.. la) to keep accounting records in accordance with section 41 of the Act., and Ib) to prepare accounts which accord with the accounting records and to comply with the accounling requirement of the Act. have not been met., or (21 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounls to be reached. Akshar & Company Chartered Certified Accountant8 221 Kenton Lane Kenton Harrow Middlesex HA3 8RP Dated.. 22 May 2025
SRI DAThA YOGA CENTRE IUKI STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 JULY 2024 2024 2023 INCOMING RESOURCES Donatn5 374,118 231,002 Rental I hlrn of hall Ino)m8 1,600 8,451 Interest recelvatrAe 2.929 Othw Inco 7,713 7,885 TOTAL INCOMING RE80URCES 386,380 247.914 RESOURCE8 EXPENDED Cts ol g•n•rntlng lund•: Fund raS8Sng and pUttY 2.442 995 Ch•rltsbl• •xp•ndltur• Cost8 In fiJrth•ranc• ofchartsblè obi•¢ts t5,176 35,112 Mbnagement and admlnl8trailon 215528 114 280 150 387 NET It4COMING IOUTGOINGI RESOURCES FOR THE YEAR 10 170,832 97,527 Balance 8roughl Forward 3,109,511 3,t01.984 BALqnrAg CArrl•d Forw8rd 3,370,343 3 199.S11 I movernentB are In Unre81rfcted Fund8 The notgs Cyt p89¥ 8 to 8 fonn part of these fingndal ststem•nts
SRI DAA YOGA CENTRE IUIQ BALANCE SHEET AS AT 313TJULY 2024 Not•• 2024 2023 FIXED ASSETS T•ngble 4•aet8 3,021,847 3.023,983 CURRENT ASSETS Debtor• and WePayTntI C••h at bank ond hand 12 29.357 322,125 17,67S 186.397 3S1,4B2 184,072 CREDITORS Arnnts f•lllng vAthln on• Ar 13 2,988 8,524 NET CURRENT ASSETS 348,496 175,548 TOTAL ASSETS LESS CURRENT LIABILITIES 3,370,343 3,199.511 LONG TERM LIABILinE8 8ank Loan 3 370 343 3 199.511 GENERAL FUND Unr••trfcted lunth 14 3,370,343 3.199,511 TOTAL FUNDS 3 370 343 3 199.511 The•• finandal Tbe •m•nts W•Te apwoved by the member• of the ¢ommltt•e on the 22 May 2025 •nd •r? •ign¢d Mrm nublwi P clmn The on page 8 10 8 form pgrt of the8e fin¢4•1 8tatom•nts
SRI DArrA YOGA CENTRE (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES Ba818 of Accountlng The financial statements have been prepared under the historical cost convention and in accordanG8 with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 20051 and the Charities Act 1993. D•pr•ciation 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 Freehold Buildings Freehold Improvements Furniture and Equipment NIL 75 Years Straight Line ( to year 2084} 65 Years Straight Line to coincide with freehold buildings 2084 25Ch¢ Reducing Balance 2 DONATIONS 2024 2023 Donations received grossed up for tax 374.118 231.002 374.118 231,002 3 RENTAL I HIRE OF HALL INCOME Rent Received 1,600 8,451 1,600 8,451 4 INTEREST RECEIVABLE Bank interest received 2,929 2,929 596 6 OTHER INCOME Bookstall income Employee Accommodation Contribution 325 7,540 7,713 7,713 7,865
SRI DArrA YOGA CENTRE (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 2024 2023 6 FUND RAISING AND PUBLICITY Advertlsing costs 2.442 2.442 995 7 C08T IN FURTHERANCE OF CHARITABLE OBJECT8 Provision of charitable seNices'. Donation8 made Books and cassette Function l event expenses Other Expenses 865 2,055 12,257 1,890 33.422 15,178 35.112 8 MANAGEMENT AND ADMINISTRATION Office co81 Accountancy fèe$ 195,588 2,340 113,200 1,080 197.908 114.280 TOTAL RESOURCES EXPENDED Donations made Fund raising and publicity Other charltable expenses Management and adminislrallon 2.442 14,312 197,908 995 35.112 114,280 215528 150 387 Management and Admlnlslrallon expenses Includes salary pald lo one full tim8 priest .There are no other employees and no remunerations paid lo any of the trustees or volunteers during the year under review . 10 NET INCOMING (OUTGOING) RESOURCES The net incoming resources IS stated after charging: D8preclalion Obsolete costs 43,116 44,586 43,116 44,586
SRI DAA YOGA CENTRE (UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 11 TANGIBLE FIXED ASSETS Freehold Land Freehold Property Frnohold Fumlture and Improvement Equlpment Total COST Al 1 $1 August 2023 Addillons during year Disposalsl obsolete 1,050,000 630,671 1,540,274 41,lJOO 320,680 3,541,625 41,000 At 31st July 2024 1.050,000 630,671 1,581.274 320.680 3.582.625 DEPRECIATION At 1 sl August 2023 Charge for the year Oi8posalsl obsolete at cosl 117.620 8,412 126.343 21,927 273.899 12,777 517,862 43,116 Al 318t July 2024 126032 148 270 286 476 560,778 NET BOOK VALUE Al 3181 July 2024 1,050,¢JOO 504,839 1,433.CQ4 34,204 3.021,847 Al 31st July 2023 1.050,000 513,051 1,413,931 46,981 3,023.963 12 DEBTORS & PREPAYMENTS 2024 2023 Amounts falling du& wlthin one year Prepayments 28,104 1,253 16,399 1.276 29,357 17.675 13 CREDITOR8 Amounts falllng due vhthln one year Accruals 2,986 8.524 2,986 8,524 14 GENERAL FUND Unf88tricted funds At 1 st August Surplus (Deficit) for the year 3,199,511 170.832 3,101,984 97,527 At 31 st July 3,370,343 3,199,511
SRI DArrA YOGA CENTrE IUKI DETAILED STATEMENT OF FINANCIAL AGTMTIE3 FOR THE YEAR ENDED 31 JULY 2024 2024 2023 INCOME Donat'on$ Re(*ived 374,118 231,002 Rento1 l Hire of Hall Income 1,600 8,451 Bank Intsre8t 2,929 Employee Accommodotion Contribution Bookstsll InGome 7.713 7,540 325 386.360 247,914 COST OF GENERATING FUNDS: Adv•rtisin9 Costs 2.442 995 CHARITABLE EXPENDITURE: Dorsation8 Made Books and C8$88tte$ Funciion Expenses Other Expenses - Dignitary Co818 2,055 1.690 15,178 35,112 MANAGEMENT AND ADMINISTRATION Employe8 Costs Insur8nc8 Light and Heal R8le8 Water Rates Telepone.TV. Br08dband Postage. Printsng aft(J Stationery CKg8ning Exp•nse$ Mainlen8nce, Repairn and Rènew81$ Sundry Expens69 Lègal Fe89 Accountancy Bank Charges 26,201 5,678 20,183 1,390 2,625 1,839 2,098 5,525 57,747 20 26,777 2.340 2.369 25.669 3,360 20,289 345 2,618 1,572 4,348 7,751 536 1,080 1,177 Depreaalion'_ Depreciation of Freahold Propèty Depreciation of Freehold Improvem8nts D8preciation of Fumilure and Equipment 8,412 21,927 12,777 8,412 22,620 13.554 197,908 114.280 TOTAL EXPENDITURE 215,528 150,387 NET INCOME 170,832 97,527