REGISTERED CHARITY NUMBER: 1092252 REPORT OFTHE TRUSTEES AND UNAUDITED FINANCIAL ATEMElY[s FOR THE YEAR ENDED 31 MAY 2024 FOR KARPHAHA VIIYAYAGA TRUST Param & Company Ltd I st Floor 44- 50 The Broadway Southall Middlesex UBI IQB
KARPHAHA VINA YAGA TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Page Report of the Trnsttts Independent ExAm•ner's Report Statement of nnan¢lg1 Aetlvlties Balanee Sheet Notej lo the Fln#nci81 Slatemtnls 6 to 11 Det*iled Stwtement ofFlnanclal Actlvilles 12 10 13
KARPHAHA VINA YAGA TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2024 The Irustees present their TCPOrt with ¢he financial statements of the charity for the year ended 31 May 2024. The ttee5 have adopted the provisions of Accounting and Reporting by Charitie5". Stalemenl of Recomm¢nded Practice appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efFective l January 2019). RUCTURE, GOVERNANCE AND MANAGEMENr Governlng doeurnent The charity 15 controlled by its 8overnin8 docymenL a deed of trus1 and conslitules an unincorpornted charity, The charity is controlled by its Bovemin8 documenLa deed of trust daled 29th May 2002 and constitules an unincorporated charity. OrEalliSational structure The tru51 is govemed by Board orTn(Ce5 who ar¢ responsible for the day to day m8na8ement of the charity. Risk man4Eement The trustees have a duty to identify and review the risk5 to which the Charity is exposed and to ensure appropriate controls are in place to provide reagonable a55urance a8ainst fraud and error. Objectlves and alms The chftrfty been formed to promote, advance Hindu religion and worship Vinaya8R. Volunteen The charity relies grcally on volunteer5 and community support. The Irustees would like to thank all those volunteers for their valuable contribulion. REFERENCE AND ADMI]YISTrATIVE DETAILS Registered Charity numb¢r 1092252 Prlncipal address 24 Bedford Road Waltham51ow Essex E174PX Trusttts Mr M GopalAkrishnan Dr C P ThiagBrajah Mrs A Sakthivel Pase I
RIPORTOVTIIETRiISTUS FOR THt YtAIiENDID31 MAY J•14 IdP*llr 44. 50Th9fvAkny Ubi IQ8
INDEPENDENT EXAMINER'S REPORT TO THE TREEs OF KARPHAHA VtNAYAGA TRUST Indendent ¢xaminer's report to the tru51ee5 of Karphaha VinAygga Trust I report to the charity In1¢¢5 on my examination of the accounts of Karphaha Vinayaga Tn (the Trust) for the Y ended 31 May 2024. Responsibilities And bgsis of report As the charity trustees of the T you are responsible for the preparation of the accounts in Cordance with the requirements of the Charities Act 2011 ('the Aci?. I report in respect of my examination of the Trust's accounts cRrried out under Section 145 of the Act and in caing out my eXamition I have followed all applicable Directions given by the ChRrity Commission under Section 145{5Xb) of the Act. IDdependent ¢xaminer'J sthtement Since your charity's Brnss income exceeded £250.000 your exAmincr must be a member ora listed body. I can Confi that I arn qualified to undertake the examination because l am a mcmber of the Association of Charlcrcd Certified Accountsnts. which 15 one of the li51ed bodies. I have completed my examination. I confirm that no malerial matters have come to my attention in connection with the exominalion 8ivin8 me cause lo believe that in any malerial respecl: a¢counting records were not kept in respect of the Trust as required by Section 130 of the Acl; or the accounts do not Accord with those records or the a¢Unts do not comply with the applicabl¢ requirements ¢oneemlng th¢ fom and wntent of accounts set out in th¢ Charities (Accounts And Rcport5) Rc8ulations 2008 other Ihan any fequirernent 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 examinalion to which attention should be drawn in this report in order to enable ll proper under5tsnding of the accounts to be reached. Mr.S PArnma8uru FCCA Param & Compony Ltd I st Floor 44 . 50 The Broadway Southall Middlesex UBI IQB Pa8e 3
KARPHAHA YAYAGA TRUST STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED3I MAY 2024 2024 Unreslrlcted fuod 2023 To¢AI lunds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 283.772 396,460 Chorllable activi¢i¢s Ticket Sales 38,922 32,315 Total 322.694 429.275 EXPENDITURE ON Raising funds 209,661 183,897 Other 66.889 58.298 Total 276.550 242.195 NET INCOME 46,144 187,080 RECONCILtATION OF FUND5 Total funds brought forlvard 1,200.813 1.013.733 TOTAL FUNDS CARRIED FORWARD 1,246,957 1,200,813 The notes form part oflhe5e financial 5talements Page 4
KIRPIIAHAVlhAYAGITRUSr 31 MAYtra4 179JqO .150 413.74J 411J21 Joi.14J 4llJ21 rJ3JJ) 4iJ,>J 10J3,445 11.9Jl} (2)U32) lJ54JJ7 13W113 J• J.7$4JS? TOTAL ILINDS 1254.J57
KARPHAHA VINAYAGA TRUST PIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 ACCOUNTING POLICIES Bssls of preparlDg the statements The financial 51atements of the Charity. which is A public bcncfit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportin8 by Charities: Sthtemgnt of Recommended Prnctice applicable to charities prcporing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial ReportinB Standard 102 'The Financial Reporting Slllndard applicable in the UK 8nd Republic of Irelpnd, and the Charities Act 201 l. The financial statements have been prepared under the historical cost convenlion. Income All income is reco8nised in the StAternent of Financial Activities once the charity I entitlement to the fvnd4 it is probable that the income will be received and the amounl con be measured reliably. Expenditure Liabilities are recosnised AS expenditure as soon a5 there 15 a legal or nstruCtive obligation committing the charity to Ihat expenditure. it is probable that a Iransfer of economic benefits will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and ha5 been classified under hcadings that aggrcgale all cosl rclated lo the CBte80ry. Where costs cannot bc directly atlribuled lo particular headings they have been alloc8ied to Activities on A basis consistent with the use ofresources. Tangibk fixed assets Depreciation is provided at ihe following annual rntes in order to wrile off each a55et over ils e5timaled eful life. Fixtures and fittings Computer equipment 150h on cosl 150h on cost Tixation The charity 15 exempt from lax on its charitable activities. Fund accounllog Unrestricted fund5 can be used in accordance with the charltable objectives at the diKrelion of the truslee5. Restricled ndS can only be ed for particular restrithd purposes within the objecls of the charity. Restrictions ise when specified by the donor or when funds are raised for parti¢ular restricted purposes. Further explanation of the nature and purpose of each fimd is included in the notes to the financial smements. Page 6 continued...
KARPHAHA VINAYAGA TRUST NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31 MAY2024 RAISING FUNDS RAlslng donation5 and legacies 2024 2023 Support a)sts 51,512 170,557 Investment management eosts 2024 2023 Support costs 2,064 1,400 A8gre8ate llmounts 209,661 183,897 TRUEE5, REMUNERATION AND BENEFITS There were no tnlee5, rernuneTalion or other benefits for the year ended 31 May 2024 nor for the year ended 31 Mlly 2023. Trustees, expenses There were no tnL8lees' expense5 paid for the yeDr ended 31 May 2024 nor for the year ended 31 May 2023. COMPARATIVES FOR THE STATEMEIYT OF FI]YANCIAL AcfiviTIES ur*n¢ttd rund IIYCOME AND ENDOWMENTS FROM Donations and leBA¢ies 396,460 Chgrl¢able Aellvltles Ticket Sales 32.815 Totgl 429.275 EXPENDITURE ON R&isin8 funds 183,897 58,298 Total 242.195 NET INCOME 187,080 RECONCILIATION OF FUNDS Total fvnds brou8ht forward 1,013,733 Pa8e 7 continued...
KARPHAHA VtNAYAGA TRUST NOTES TO THE FINANCIAL sfATEMENTS - contlDued FOR THE YEAR ENDED 31 MAY 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- ¢ontlnued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 1,200,813 TANGIBLE FIXED AS5E75 ixtures and riltlny Freehold property Computer equipment machln¢ry Totals COST At l June 2023 Addition5 Rcclassification 932,558 31.875 3,600 3,500 18,356 5.974 960,488 35,375 (5.196) (5.196) Al 31 May 2024 964,433 7,100 13.160 5,974 990,667 DEPRECIATION Al l June 2023 Char8e for year RecIlficatIOnlIran9fer 540 1.065 8,214 1,974 (5,196) 3.584 12J38 3,935 (5,196) At 31 May 2024 1.605 4,992 4,480 11,077 NET BOOK VALUE At 31 May 2024 964,433 5,495 8,168 1,494 979,590 At 31 May 2023 932,558 3,060 10,142 2,390 948,150 CREDITORS: AMOUNTS FALLtNC DUE WITHIN ONE YEAR 2024 2023 Other creditor5 14,445 3,233 Page 8 continued...
KARPHAHA VINA YAGA TRUST NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 MAY 2024 CREDITORS: AMOUNTS FALLtNG DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 8) 211,931 232,632 LOANS An analysis of the maturity of loAns is 8iven below: 2024 2023 Amounts falling due between hvo and five years: Bank loan5- 2-5 years 211,931 232.632 MOVEMEiYf IN FUNDS Net movement In funds At 31.&24 At 1.6.23 Unrestricted funds Genernl fund 1,200,813 46,144 1,246,957 TOTAL FUNDS 1,200,813 46,144 1,246,957 Net movement in nds, included in the above are as follows.. Incomlng resources Resources expended Movement in funds Unrestrieled funds Gen1 fund 322,694 (276,550) 46,144 TOTAL FUNDS 322,694 (276.550) 46.144 Compar4¢iv¢s for movement in funds Net movement In fumdj At 31.5.23 At 1.6.22 Unrostricted funds General fund 1.013.733 187,080 1.200,813 TOTAL FUY4DS 1.013,733 187,080 1,200,813 Page 9 continued...
KARPHAHA VINAYAGA TRUST NOTES TO THE FINANCIAL STATEMEIYTS- ¢onllnued FOR THE YEAR ENDED 31 MAY 2024 MOVEMENT IN FUNDS- eondnued Comparalive net movement in funds, included in the above are as follows: IneominE resourtEs ReJour¢cs exed Movement in funds Unrestrlcled funds Gcnernl fund 429,275 (242,195) 187.080 TOTAL FUNDS 429,275 (242,195) 187,080 A Cu¢ThI year 12 month5 and prior year12 months combined position is follows: Net mov¢menl In funds At 31.5.24 At 1.6.22 Unrestricled funds General fund 1,013,733 233,224 1246.957 TOTAL FUNDS 1.013,733 233,224 1,246,957 A curreni year 12 monihs and prior year 12 monlhs combincd net movement in fimds, included in the above Are as follows: Incomin8 reiour Rfsoiirttj expended Movement In funds Unreslrleted fvnds General fund 751,969 {518.745) 233,224 TOTAL FUNDS 751,969 (518,745) 233,224 Page 10 ontinued...
KARPHAHA VINAYAGA TRUST NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MAY 2024 io. RELATED PARTY DISCLOSURES There were no rela¢ed party trDn54Ctions for the year ended 31 May 2024. Pa8ell
KARPHAHA VINAYAGA TRLIST DETAILED STATEMENT OF FIiYANCIAL A1VITIEs FOR THE YEAR ENDED31 MAY 2024 2024 2023 INCOME AND ENIK)WMES Donatlons gnd legacles Donation5 HMRC Receipi 283,772 283,972 112,488 283,772 396.460 Charltable aetlvlllej Ticket £ I Athmashanthi £ 5 Oil Lamp £ I 30.430 2,785 5,707 25.440 2.255 5.120 38,922 32,815 TotAI Incomlng re50urceJ 322,694 429.275 EXPENDITURE Oth¢r ¢rAdlng a¢tivltles Purchases Mort8&8e 13,580 18.011 11,940 31,591 11.940 Other Flower Fwits and Vegelables Food and Grocery PIAnt and machinery Depn of fixtures & fittings Depn of computer equipmenl 13,449 16.234 33,271 1,065 1,974 896 12,796 12,452 30.614 540 896 66,889 58,298 Support costs Management Wages 91,047 6,156 1,790 13.082 6.649 2.141 22,236 143.101 71,490 5,573 1,980 18J68 6.186 2.188 28,692 134.477 Insurance Lisht and heat Telephone Postage and slationery Sundrie5 Carried forward This page does not fomi part ofthe statutory financial statements Page 12
KARPHAHA VINAYAGA TRUST DETAILED STATEMEwf OF FIIYANCIAL AcfiviTILS FOR THE YEAR ENDED 31 MA Y 2024 2024 2023 Man#gement Brought for4wd Event expense Cleaning Subscription repair5 and renewals 143,101 6.164 7.393 2,538 15,562 134,477 6,784 4,714 ,778 18.684 174.758 166.437 Finance Bank charges Credil card char8es 653 1.856 729 1,965 2,509 2,694 Other Motor Expense 803 2,826 Total resources expended 276,550 242,195 Nel Income 46,144 187,080 This page does not forni part of the ststutory financial statements Page 13