**REGISTERED CHARITY NUMBER: 1078143**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
**MANAV DHARM SOCIETY**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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.
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.
Post year end, the charity has made following charitable donations: - sum of £250,000 to Manav Utthan Sewa Samiti Mauritius on 31 October 2024 sum of £300,000 to DRUK Manav Chhoetshog Bhutan on 31 October 2024
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 £4,300 (2023: £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 Trustee (appointed 24.9.23)
Page 1
**MANAV DHARM SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **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 26/01/2025 and signed on its behalf by:
........................................................................ 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 2024.
## **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 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies 39,608 39,608 44,699
Investment income 2 19,255 - 19,255 2,234
Total 58,863 - 58,863 46,933
EXPENDITURE ON
Property repairs 3 - - - 2,617
Charitable activities 4
Telephone expenses 668 - 668 523
Charitable donations - - - 60,250
-
Public liability insurance 1,507 1,507 1,377
Travel costs - - - 485
-
Web casting costs 4,300 4,300 2,400
-
Light and Heat 5,542 5,542 2,533
Rates 4,324 - 4,324 3,638
Repairs and Maintenance 638 - 638 807
Amortisation - 12,998 12,998 12,998
Bank charges - - - 25
-
Events expenditure 19,888 19,888 7,516
Total 36,867 12,998 49,865 95,169
-
Net gains on investments 200,000 200,000 1,023,315
NET INCOME 21,996 187,002 208,998 975,079
RECONCILIATION OF FUNDS
Total funds brought forward 16,657 1,253,109 1,269,766 294,687
TOTAL FUNDS CARRIED FORWARD 38,653 1,440,111 1,478,764 1,269,766
**----- End of picture text -----**
The notes form part of these financial statements
Page 4
**MANAV DHARM SOCIETY**
## **BALANCE SHEET 31 MARCH 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 7 - 415,947 415,947 428,945
CURRENT ASSETS
Cash at bank and in hand 41,073 1,297,489 1,338,562 1,372,566
CREDITORS
Amounts falling due within one year 8 (2,420) (273,325) (275,745) (531,745)
NET CURRENT ASSETS 38,653 1,024,164 1,062,817 840,821
TOTAL ASSETS LESS CURRENT
LIABILITIES 38,653 1,440,111 1,478,764 1,269,766
NET ASSETS 38,653 1,440,111 1,478,764 1,269,766
FUNDS 9
Unrestricted funds 38,653 16,657
Restricted funds 1,440,111 1,253,109
TOTAL FUNDS 1,478,764 1,269,766
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 26/01/2025 and were signed on its behalf by:
.............................................
V K Vohora - Trustee
The notes form part of these financial statements
Page 5
**MANAV DHARM SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **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 6
**MANAV DHARM SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **2. INVESTMENT INCOME**
|Deposit account interest
**3.**
**PROPERTY REPAIRS**
**Investment management costs**
Property repairs
**4.**
**CHARITABLE ACTIVITIES COSTS**
Telephone expenses
Public liability insurance
Web casting costs
Light and Heat
Rates
Repairs and Maintenance
Amortisation|**2024**
2023
**£**
£
**19,255**
2,234
**2024**
2023
**£**
£
**-**
2,617
Support
costs
£
**668**
**1,507**
**4,300**
**5,542**
**4,324**
**638**
**12,998**
**29,977**|
|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
21,270
Investment income
2,234
**Total**
23,504
**EXPENDITURE ON**
Property repairs
-
**Charitable activities**
Telephone expenses
523
Charitable donations
-|Restricted
fund
£
23,429
-
23,429
2,617
-
60,250|Total
funds
£
44,699
2,234
46,933
2,617
523
60,250|
|---|---|---|
continued...
Page 7
**MANAV DHARM SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
**----- Start of picture text -----**
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund fund funds
£ £ £
-
Public liability insurance 1,377 1,377
Travel costs 485 - 485
-
Web casting costs 2,400 2,400
-
Light and Heat 2,533 2,533
Rates 3,638 - 3,638
Repairs and Maintenance 807 - 807
Amortisation - 12,998 12,998
Bank charges 25 - 25
-
Events expenditure 7,516 7,516
Total 19,304 75,865 95,169
-
Net gains on investments 1,023,315 1,023,315
NET INCOME 4,200 970,879 975,079
RECONCILIATION OF FUNDS
Total funds brought forward 12,457 282,230 294,687
TOTAL FUNDS CARRIED FORWARD 16,657 1,253,109 1,269,766
7. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 April 2023 and 31 March 2024 649,876 8,109 657,985
DEPRECIATION
At 1 April 2023 220,931 8,109 229,040
-
Charge for year 12,998 12,998
At 31 March 2024 233,929 8,109 242,038
NET BOOK VALUE
At 31 March 2024 415,947 - 415,947
At 31 March 2023 428,945 - 428,945
**----- End of picture text -----**
continued...
Page 8
**MANAV DHARM SOCIETY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Taxation and social security
Other creditors
**MOVEMENT IN FUNDS**
**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**
Net movement in funds, included in the above are a
**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**|s follows:
Incoming
resources
£
**58,863**
**-**
**58,863**|At 1.4.23
£
**16,657**
**1,253,109**
**1,269,766**
Resources
expended
£
**(36,867)**
**(12,998)**
**(49,865)**
At 1.4.22
£
12,457
282,230
294,687||**2024**
**£**
**-**
**275,745**
**275,745**
Net
movement
in funds
£
**21,996**
**187,002**
**208,998**
Gains and
losses
£
**-**
**200,000**
**200,000**
Net
movement
in funds
£
4,200
970,879
975,079|2023
£
256,000
275,745
531,745
At
31.3.24
£
**38,653**
**1,440,111**
**1,478,764**
Movement
in funds
£
**21,996**
**187,002**
**208,998**
At
31.3.23
£
16,657
1,253,109
1,269,766|
|---|---|---|---|---|---|
**9. MOVEMENT IN FUNDS**
continued...
Page 9
**MANAV DHARM SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **9. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
Unrestricted Funds
**Restricted funds**
Resticted Funds
**TOTAL FUNDS**|Incoming
resources
£
23,504
23,429
46,933|Resources
expended
£
(19,304)
(75,865)
(95,169)|Gains and
losses
£
-
1,023,315
1,023,315|Movement
in funds
£
4,200
970,879
975,079|
|---|---|---|---|---|
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 1.4.22
£
12,457
282,230
294,687|Net
movement
in funds
£
26,196
1,157,881
1,184,077|At
31.3.24
£
38,653
1,440,111
1,478,764|
|---|---|---|---|
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
£
82,367
23,429
105,796|Resources
Gains and
Movement
expended
losses
in funds
£
£
£
(56,171)
-
26,196
(88,863)
1,223,315
1,157,881
(145,034)
1,223,315
1,184,077|
|---|---|---|
continued...
Page 10
**MANAV DHARM SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 11
**MANAV DHARM SOCIETY**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
**----- Start of picture text -----**
2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 39,608 44,699
Investment income
Deposit account interest 19,255 2,234
Total incoming resources 58,863 46,933
EXPENDITURE
Investment management costs
-
Property repairs 2,617
Charitable activities
Grants to institutions - 60,250
Support costs
Management
Rates and water 4,324 3,638
Insurance 1,507 1,377
Light and heat 5,542 2,533
Telephone 668 523
Postage and stationery - 18
Web casting costs 4,300 2,400
Sundries 18,088 6,183
Freehold property 12,998 12,998
47,427 29,670
Finance
Bank charges - 25
Information technology
Repairs and renewals 638 807
Governance costs
Accountancy 1,800 1,800
Total resources expended 49,865 95,169
Net income/(expenditure) before gains and
losses 8,998 (48,236)
Realised recognised gains and losses
Carried forward 7,198 (50,036)
**----- 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 2024**
**----- Start of picture text -----**
2024 2023
£ £
Realised recognised gains and losses
Brought forward 7,198 (50,036)
Realised gains/(losses) on fixed asset investments 200,000 1,023,315
Net income 208,998 975,079
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 13