Company Registration No. 03859127 (England and Wales)
SRI CHAITANYA SARASWAT MATH. ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
SRI CHAITANYA SARASWAT MATH. ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Directors' report | 4 |
| Accountants' report | 5 |
| Statement of income and retained earnings | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 10 |
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SRI CHAITANYA SARASWAT MATH. COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021
Directors Zulay Cederberg Elisabeth Anne Clifford Alexander Dragilev Pandita Govinda Christina Maria Geary Robert Harry Lindberg Lucian Scope Wong Company Number 03859127 (England and Wales) Registered Office Bhakti Yoga Institute, Greville House Hazelmere Close (Off Hatton Rd) Feltham TW14 9PX Accountants Pearl Accountants Limited Profile West Suite 2, Floor 1, 950 Great West Road Brentford Middlesex TW8 9ES
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SRI CHAITANYA SARASWAT MATH. (COMPANY NO: 03859127 ENGLAND AND WALES) DIRECTORS' REPORT
The directors present their report and accounts for the year ended 31 December 2021.
Principal activity
The principal activities of the charity in the year under review were to advance the Hindu faith for the benefit of the public generally and in particular by the promotion of the philosophy and practice of the Bhakti Yoga through: �
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The advancement of the education of the public in the philosophy and teachings of Bhakti Yoga�
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The promotion of the mental and spiritual well being of the community�
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The relief of poverty, mental and physical sickness and distress.
Directors
The following directors held office during the whole of the period:
Zulay Cederberg Elisabeth Anne Clifford Alexander Dragilev Pandita Govinda Christina Maria Geary Robert Harry Lindberg Lucian Scope Wong
David Ewins resigned on 16 September 2021.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Zulay Cederberg Director
Approved by the board on: 16 October 2022
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CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF SRI CHAITANYA SARASWAT MATH. FOR THE YEAR ENDED 31 DECEMBER 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sri Chaitanya Saraswat Math. for the year ended 31 December 2021 as set out on pages 6 - 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Pearl Accountants Limited Chartered Accountants
Profile West Suite 2, Floor 1, 950 Great West Road Brentford Middlesex TW8 9ES
16 October 2022
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SRI CHAITANYA SARASWAT MATH. STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 DECEMBER 2021
| Turnover Cost of sales Gross surplus Administrative expenses Other operating income Operating surplus Interest receivable and similar income Surplus on ordinary activities before taxation Tax on surplus on ordinary activities Surplus for the financial year Retained earnings at the start of the year Surplus for the financial year Dividends Retained earnings at the end of the year |
2021 £ 62,846 (27,025) 35,821 (54,684) 22,248 3,385 1 3,386 - 3,386 717,811 3,386 - 721,197 |
2020 £ 61,343 (15,444) |
|---|---|---|
| 45,899 (54,991) 35,662 |
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| 26,570 7 |
||
| 26,577 - |
||
| 26,577 | ||
| 691,234 26,577 - |
||
| 717,811 |
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SRI CHAITANYA SARASWAT MATH. STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021
| Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Net current assets Net assets Reserves 5 Profit and loss account Members' funds |
2021 £ 693,976 27,221 27,221 721,197 721,197 721,197 |
2020 £ 702,882 14,929 |
|---|---|---|
| 14,929 | ||
| 717,811 | ||
| 717,811 | ||
| 717,811 |
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2022 and were signed on its behalf by
Zulay Cederberg Director
Company Registration No. 03859127
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SRI CHAITANYA SARASWAT MATH. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Statutory information
Sri Chaitanya Saraswat Math. is a private company, limited by guarantee, registered in England and Wales, registration number 03859127. The registered office is Bhakti Yoga Institute, Greville House, Hazelmere Close (Off Hatton Rd), Feltham, TW14 9PX.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Report of the Trustees
The trustees do not have any beneficial interests in the company. The trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery 25% Straight Line Method Motor vehicles 25% Reducing Balance
| 4 Tangible fixed assets Cost or valuation At 1 January 2021 At 31 December 2021 Depreciation At 1 January 2021 Charge for the year At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Land & buildings £ At cost 668,895 668,895 - - - 668,895 668,895 |
Plant & machinery £ At cost 35,523 35,523 11,101 6,514 17,615 17,908 24,422 |
Motor vehicles £ At cost 20,304 20,304 10,739 2,392 13,131 7,173 9,565 |
Total £ 724,722 |
|---|---|---|---|---|
| 724,722 | ||||
| 21,840 8,906 |
||||
| 30,746 | ||||
| 693,976 | ||||
| 702,882 |
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SRI CHAITANYA SARASWAT MATH. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
5 Company limited by guarantee
The company is limited by guarantee and has no share capital.�
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
6 Average number of employees
During the year the average number of employees was 0 (2020: 0).
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SRI CHAITANYA SARASWAT MATH. DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
This schedule does not form part of the statutory accounts.
| Turnover Sales Cost of sales Purchases Subcontractor costs Other direct costs Gross profit Administrative expenses Staff training and welfare Travel and subsistence Motor expenses Rates Light and heat Cleaning Telephone and fax Postage Stationery and printing Bank charges Insurance Software Repairs and maintenance Depreciation Donations Sundry expenses Accountancy fees Advertising and PR Other legal and professional Other operating income Other operating income Operating profit Interest receivable Interest receivable Profit on ordinary activities before taxation |
2021 £ 62,846 1,960 - 25,065 27,025 35,821 670 2,780 3,173 313 11,252 54 838 - 562 144 3,796 226 15,943 8,906 638 2,524 1,152 558 1,155 54,684 22,248 3,385 1 3,386 |
2020 £ 61,343 |
|---|---|---|
| - 586 14,858 |
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| 15,444 | ||
| 45,899 | ||
| 1,097 2,612 4,070 1,692 6,234 380 1,420 318 - 36 4,155 118 26,020 4,824 - - 1,165 207 643 |
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| 54,991 | ||
| 35,662 | ||
| 26,570 | ||
| 7 | ||
| 26,577 |
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