**REGISTERED CHARITY NUMBER: 1078143**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **FOR**
## **MANAV DHARM SOCIETY**
STGCA LLP t/a Sterling Chartered Accountants
505 Pinner Road Harrow Middlesex HA2 6EH
**MANAV DHARM SOCIETY**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**|4|to|5|
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
**MANAV DHARM SOCIETY**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The aims and objects of The Society are:
i) To advance the Hindu Religion by promoting the Spiritual, Educational and Humanitarian teachings as described in the Gita and other related Holy Scriptures.
ii) To assist in relieving poverty and sickness in the United Kingdom and elsewhere.
## **Significant activities**
Several activities and events were organised to promote the Society's aims and objects by organising religious discourses and meetings for the members and for general public.
Due to the Covid-19 Pandemic, there were fewer activities in the year. During the year, the property in Kenya was sold and this has been incorporated within the accounts. The proceeds would be used for charitable purposes within the UK and elsewhere.
The executive committee and members believe that having the centre in London has enhanced the achievement of the charity's aims and objectives and the charity's activities are more accessible to people from all walks of life. More regular activities are taking place at the centre and hope this will continue to do so.
The trustees would like to thank all members of Manav Dharm Society and other well wishers for their generous donations and interest free loans.
The fund reserves will be utilised to further the objectives of the charity and for property maintenance.
No remuneration is paid to Trustees however expenses have been reimbursed to H Chunilal's company Knowledge Circle Ltd in the sum of £2,400.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1078143
## **Principal address**
247-249 Kenton Road Harrow Middlesex HA3 0HQ
## **Trustees**
H Chunilal N B Thapa (resigned 24.9.23) Mrs V K Vohora Mrs S Nandha (appointed 24.9.23)
Page 1
**MANAV DHARM SOCIETY**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner**
Bharat Vanza BSc(Hons) FCCA FCA STGCA LLP t/a Sterling Chartered Accountants 505 Pinner Road Harrow Middlesex HA2 6EH
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 22nd January 2024
........................................................................ Mrs V K Vohora - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANAV DHARM SOCIETY**
## **Independent examiner's report to the trustees of Manav Dharm Society**
I report to the charity trustees on my examination of the accounts of Manav Dharm Society (the Trust) for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Bharat Vanza BSc(Hons) FCCA FCA The Institute of Chartered Accountants in England and Wales
STGCA LLP t/a Sterling Chartered Accountants 505 Pinner Road Harrow Middlesex HA2 6EH
Date: .............................................
Page 3
**MANAV DHARM SOCIETY**
**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 21,269 23,429 44,698 11,490
Investment income 2 2,234 - 2,234 1
Total 23,503 23,429 46,932 11,491
EXPENDITURE ON
Property repairs 3 - 2,617 2,617 -
Charitable activities
Telephone expenses 523 - 523 451
Charitable donations - 60,250 60,250 100
-
Public liability insurance 1,377 1,377 1,263
Travel costs 485 - 485 18
-
Web casting costs 2,400 2,400 2,559
-
Light and Heat 2,533 2,533 2,012
Rates 3,638 - 3,638 3,742
Repairs and Maintenance 807 - 807 2,494
Legal fees - - - 933
Amortisation - 12,998 12,998 12,998
Bank charges 25 - 25 -
Other Other - Events Expenditure 7,516 - 7,516 -
Total 19,304 75,865 95,169 26,570
- -
Net gains on investments 1,023,315 1,023,315
NET INCOME/(EXPENDITURE) 4,199 970,879 975,078 (15,079)
RECONCILIATION OF FUNDS
Total funds brought forward 12,456 282,231 294,687 309,766
TOTAL FUNDS CARRIED FORWARD 16,655 1,253,110 1,269,765 294,687
**----- End of picture text -----**
The notes form part of these financial statements
Page 4
**MANAV DHARM SOCIETY**
**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
Surplus and Deficit Account 968
|Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in
the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in
the brought forward account for the surplus and deficit account 968.
Unrestricted
Restricted
funds
funds
**Total funds**
£
£
**£**
Brought forward - 968/1
**12,456**
**282,231**
**294,687**
Carried forward
**12,457**
**282,230**
**294,687**|
|---|
|Difference
**1**
**(1)**
**-**|
Post to relevant accounts (see UCHA chart of accounts for further details)
The notes form part of these financial statements
Page 5
**MANAV DHARM SOCIETY**
## **BALANCE SHEET 31 MARCH 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 - 428,945 428,945 578,943
CURRENT ASSETS
Cash at bank and in hand 19,076 1,353,490 1,372,566 18,702
CREDITORS
Amounts falling due within one year 7 (2,421) (529,325) (531,746) (302,958)
NET CURRENT ASSETS 16,655 824,165 840,820 (284,256)
TOTAL ASSETS LESS CURRENT
LIABILITIES 16,655 1,253,110 1,269,765 294,687
NET ASSETS 16,655 1,253,110 1,269,765 294,687
FUNDS 8
Unrestricted funds 16,655 12,457
Restricted funds 1,253,110 282,230
TOTAL FUNDS 1,269,765 294,687
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 22nd January 2024
............................................. V K Vohora - Trustee
The notes form part of these financial statements
Page 6
**MANAV DHARM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
**MANAV DHARM SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **2. INVESTMENT INCOME**
|**2.**
**INVESTMENT INCOME**||
|---|---|
|Deposit account interest|**2023**
2022
**£**
£
**2,234**
1|
|**3.**
**PROPERTY REPAIRS**
**Investment management costs**
Property repairs|**2023**
2022
**£**
£
**2,617**
-|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
11,490
Investment income
1
**Total**
11,491
**EXPENDITURE ON**
**Charitable activities**
Telephone expenses
451
Charitable donations
100
Public liability insurance
1,263
Travel costs
18
Web casting costs
2,559
Light and Heat
2,012
Rates
3,742
Repairs and Maintenance
2,494
Legal fees
933
Amortisation
-
**Total**
13,572
**NET INCOME/(EXPENDITURE)**
(2,081)
**RECONCILIATION OF FUNDS**
Total funds brought forward
14,538|Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
12,998
12,998
(12,998)
295,228|Total
funds
£
11,490
1
11,491
451
100
1,263
18
2,559
2,012
3,742
2,494
933
12,998
26,570
(15,079)
309,766|
|---|---|---|
continued...
Page 8
**MANAV DHARM SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 12,457 282,230 294,687
6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 April 2022 786,876 8,109 794,985
-
Disposals (137,000) (137,000)
At 31 March 2023 649,876 8,109 657,985
DEPRECIATION
At 1 April 2022 207,933 8,109 216,042
-
Charge for year 12,998 12,998
At 31 March 2023 220,931 8,109 229,040
NET BOOK VALUE
At 31 March 2023 428,945 - 428,945
At 31 March 2022 578,943 - 578,943
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
-
Taxation and social security 256,000
Other creditors 275,746 302,958
531,746 302,958
8. MOVEMENT IN FUNDS
Net
movement At
At 1.4.22 in funds 31.3.23
£ £ £
Unrestricted funds
Unrestricted Funds 12,456 4,199 16,655
Restricted funds
Resticted Funds 282,231 970,879 1,253,110
TOTAL FUNDS 294,687 975,078 1,269,765
**----- End of picture text -----**
continued...
Page 9
**MANAV DHARM SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
Unrestricted Funds
**23,503**
**Restricted funds**
Resticted Funds
**23,429**
**TOTAL FUNDS**
**46,932**
**Comparatives for movement in funds**
**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are as
**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**|Resources
expended
£
**(19,304)**
**(75,865)**
**(95,169)**
At 1.4.21
£
14,538
295,228
309,766
follows:
Incoming
resources
£
11,491
-
11,491|Gains and
losses
£
**-**
**1,023,315**
**1,023,315**
Net
movement
in funds
£
(2,081)
(12,998)
(15,079)
Resources
expended
£
(13,572)
(12,998)
(26,570)|Movement
in funds
£
**4,199**
**970,879**
**975,078**
At
31.3.22
£
12,457
282,230
294,687
Movement
in funds
£
(2,081)
(12,998)
(15,079)|
|---|---|---|---|
continued...
Page 10
**MANAV DHARM SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**|At 1.4.21
£
14,538
295,228
309,766|Net
movement
At
in funds
31.3.23
£
£
2,118
16,656
957,881
1,253,109
959,999
1,269,765|
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**|Incoming
resources
£
34,994
23,429
58,423|Resources
expended
£
(32,876)
(88,863)
(121,739)|Gains and
losses
£
-
1,023,315
1,023,315|Movemen
in funds
£
2,118
957,881
959,999|
|---|---|---|---|---|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 11
**MANAV DHARM SOCIETY**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts - 1
Donations 44,698 11,489
44,698 11,490
Investment income
Deposit account interest 2,234 1
Total incoming resources 46,932 11,491
EXPENDITURE
Investment management costs
-
Property repairs 2,617
Charitable activities
Grants to institutions 60,250 100
Support costs
Management
Rates and water 3,638 3,742
Insurance 1,377 1,263
Light and heat 2,533 2,012
Telephone 523 451
Postage and stationery 18 -
Web casting costs 2,400 2,400
Sundries 6,183 177
Freehold property 12,998 12,998
29,670 23,043
Finance
Bank charges 25 -
Information technology
Repairs and renewals 807 2,494
Governance costs
-
Accountancy 1,800
Legal fees - 933
1,800 933
Total resources expended 95,169 26,570
Net expenditure before gains and losses (48,237) (15,079)
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 12
**MANAV DHARM SOCIETY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023**
**----- Start of picture text -----**
2023 2022
£ £
Realised recognised gains and losses
-
Realised gains/(losses) on fixed asset investments 1,023,315
Net income/(expenditure) 975,078 (15,079)
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 13