OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Atma Vignani Dada Bhagwan Foundation

2021-04-05-accounts

Charity Registration No. 1097197

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021

ATMA VIGNANI DADA BHAGWAN FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R B Patel Mr P J Karia Mr C M Mistry Mrs H B Patel Dr S S Patel Mr P V Shah Dr D S Patel Charity number 1097197 Principal address Unit 2 Colombus House Stonefield Way Ruislip Middlesex HA4 0JA Auditors Gerald Edelman LLP 73 Cornhill London EC3V 3QQ Bankers Barclays Bank 15/17 Bridge Street Pinner Middlesex

ATMA VIGNANI DADA BHAGWAN FOUNDATION

CONTENTS

Page
Trustees' report 1 - 12
Statement of trustees' responsibilities 13
Independent auditors' report 14 - 16
Statement of financial activities 17
Balance sheet 18
Cash flow statement 19
Notes to the accounts 20 - 25

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021

The Trustees present their report and accounts for the year ended 5 April 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019)

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

Objectives and activities

Objects

The objectives of the charity are:

Strategies employed to achieve the charity's objectives include to:

Public Benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commissioner's general guidance on Public Benefit when reviewing the Trust's aims and objectives and in planning future activities. The trustees consider that the charity's aim are demonstrably to the public benefit.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Achievements and performance

The objectives of the Trust have been to help seekers as well as followers attain peace and happiness through live spiritual discourses and regular satsang events.

This year has, however, been completely different to any other year due to the Covid -19 pandemic. As a result, the UK tour of Pujyashree Deepakbhai which was scheduled from 1 st April to 21 st April had to be cancelled. All live events and all in-person activities at various centres were also cancelled until further notice, in line with Government guidelines.

However, the pandemic opened up the possibility of a new arrangement for UK-wide events, using online technology like Microsoft Teams, Zoom, You Tube. All local centres worked together as one team to create online events and daily activities on a national basis. This has helped the nationwide coordination team to grow, bond and develop.

This report showcases some of the main activities through the year for adults as well as children.

Many followers also wished to make contributions to the Covid – 19 relief effort either through charitable activities or donations, especially to help those affected in India during the peak infection period.

A number of followers and their families were affected by the pandemic and a few also succumbed to the worst effects of the Covid – 19 Corona virus. The UK team was constantly on hand to help them physically, providing emotional support as well as making connections with Pujyashree Deepakbhai for vidhis (special prayers) for them.

We pray for the recovery of those affected and for the onward spiritual progress of those who succumbed.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Special Online Sessions with Pujyashree Deepakbhai

Along with daily online satsangs, special online sessions for followers in UK were arranged with Pujyashree Deepakbhai in April and June 2020. Followers were able to ask questions to help their progress, share experiences, especially in relation to the pandemic, obtain blessings and share informal time with Pujyashree on a one-to-one basis.

Online UK Shibir was held over the Easter weekend, 2 nd April to 5 th April, 2021 keeping with the tradition of past UK Shibirs.

Virtual UK Production – ‘See you soon – The Akram Show’

The UK kids GNC team along with adults’ Cultural team joined forces to create a grand virtual show for the first time ever. It comprised of a British style welcome by the youths with different British landmarks, a title song video ‘See you soon’ with visuals from past Shibirs with Pujyashree, followed by a kids drama ‘Hope is immortal’ based on Easter story of crucifixion to resurrection incorporated with the hope of Pujyashree’s arrival in the UK. The adults’ drama ‘Jo Baka Dada ni dava to levi j padshe’ was a comedy based on Dada’s spiritual keys represented as medicines. The production was brought to a close with a mega-mosaic which had the representation of mahatmas from all UK Centres. The making of the Production brought a lot of joy and togetherness virtually with powerful experiences of the application of this wonderful Science for the participants and sevarthis.

Aptaputra/Aptaputri Sessions

Special online smaller group sessions were arranged with disciples from Dada Bhagwan Foundation, India for women followers, men followers, younger adults and youth to help provide greater access to the teachings of Dada Bhagwan and to help followers find solutions to daily matters as well as issues arising due to the lockdown. WMHT and MMHT shibirs were also organised online for the first time from India which had a large attendance not only from UK but globally too.

Online activities

Most activities during the year were online. The online schedule became even busier than the previous inperson schedule. Activities developed from May 2020 included:

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

The children and youth groups have also been extremely active with online sessions throughout the lockdown year.

YMHT+ - this group have daily sessions for vidhis and introspections for their group, in addition to weekly selected satsangs. The satsangs are specially selected for content relating to the age group. Akram Diwali Cook-off – around 10 young adults and future master chefs went head to head in an impressive cook-off on November 7 th as part of Diwali celebration, with the winners getting a hand painted aprons.

GNC - the virtual sessions for all ages were started in May 2020, to ensure that the kids still have a connection to Dada’s Science.

GNC online - for children aged 5-7 years. They meet every other week, with 15 children meeting on average. The sessions have covered the topics around how to be happy in the present and celebrated the key events. The children participated in a virtual cultural programme for Diwali 2020 and had a wonderful virtual Christmas celebration.

Book Club - for children aged 8-14 years. They meet every other week. They have covered the topics of Nav Kalam, compassion, peer pressure, laziness, Simandhar Swami, Fault is of the Sufferer, and also Dada Bhagwan Comics parts 1 & 2. The latter was in preparation for the JJ Quiz.

Y-boys - aged 15-21 years. They have been meeting sporadically over the period. They have covered Nav Kalam, Karma, and intro sessions on Dada and Pujyashree. The group has been innovative, using the virtual environment to create crosswords and quizzes to show their understanding of the Science. Some of these boys have also taken on seva for Book Club’s special events.

Y-girls - aged 13 – 15. They have been meeting every week since the sessions were started. They have covered a range of different topics, including memory, mobile addiction, the series of Ramayan and reading the Akram Youth magazine together as well. A number of the girls have been giving seva with the GNC online – setting up the powerpoint slides and creating the games.

Bookmarked - girls aged 16+. They have been meeting on a weekly basis to read through Ahinsa and Tari Peda No Hun Anubhavi, the latest Youth Novel.

The Y-girls and Bookmarked do a combined session once a month. They have recently started the Tirthankar Bhagwan series, and in the past have covered topics like Manobal, insecurities and special sessions on the Gnani.

January 2021 saw the launch of the Akram Cooking Club – a session every 2-3 months where the girls get a cooking lesson, increasing in difficulty of technique and also preparation of ingredients. So far, the girls have made delicious pancakes and chocolate coins, Thai Mango Curry and Cauliflower chaat. This has also been a way of ensuring the youth-girls are interacting with their mums as well.

Gujarati Lessons

All the spiritual material of Dada Bhagwan was originally in Gujarati. Reading the material in the original language provides a clearer understanding than translations, so many followers wish to learn Gujarati. The pandemic lockdown unlocked an opportunity to provide virtual lessons for those wishing to learn Gujarati but were not able to do so in the past. Followers also volunteered to be mentors to students, to help guide their progress in reading and writing. Over the course of 6 months, quite a large number of UK mahatmas, young and old benefitted from this online learning of the language with Dada’s knowledge.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Leicester Centre

The new Leicester Centre, Dada Darshan Leicester was acquired in October 2020 from the Royce Institute. A virtual opening ceremony by Pujyashree Deepakbhai was held on 25 th October 2020. After many years of looking for a suitable property, we are very pleased to have found this former church for our activities, ideally located in central Leicester, with good transport links. The fact that it was a place of worship previously, made the building even more significant for its continued use as a spiritual centre. The property requires some modernisation and maintenance but is otherwise a good size and perfectly located for Midlands based followers.

We hope to see it grow the activities of the Trust in the Midlands region.

Workshops

Workshop activity did not take place over the year as these are generally directed at new seekers. However, Agna in Practice Webinar was conducted on 5 th December for those who took Gnan Online.

Festival Celebrations

All festivals were conducted virtually during the year, with online activities and performances. Navratri was celebrated with national Garba seeing virtual participation from all Centres of UK. Similarly, Diwali was celebrated with a virtual Chopda Pujan and mini Annkuts/food displays at homes of mahatmas all over UK. The Hindu New Year morning prayers also saw a virtual participation in large number. Niruma’s birthday celebrations on 2 nd Dec 2020 were truly heart-warming for all the followers participating from their own homes, making Khichi and singing songs written by Niruma. Christmas festivities were equally enjoyed online with tree decorations, Kids Christmas party, choir singing, satsang understanding the true meaning of Christmas ending with a Candle lit prayer service.

Covid 19

The Trust and followers have supported the response to this pandemic in numerous formal and informal ways. Followers were offered advice and support on an informal basis by “Doctor” followers.

The YMHT+ (younger adults) group identified a need to provide essential items and toys for women and children at refuge centres in the London region, which they arranged through their group.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Many followers helped to knit woollen scarves/beanies and distribute them to the homeless and poor as part of “Project Warmth”, designed to help the homeless and poor stay warm during winter, especially during the pandemic period.

Akram Bhakti Group helped followers during the pandemic by providing online Funeral service with prayers and devotional singing of Gnan Bhakti pads. They also hosted Bhakti for birthdays as part of online celebration with mahatmas and families.

The charity donated £400,000 over the year to Dada Bhagwan Vignan Foundation towards

COVID 19 Support Amba Health Centre and Hospital Dadanagar Hall Construction

Covid 19 Support

The initiatives can be categorized as follows:

a) Providing essential products

Distribution of Food packets

At various centers like Adalaj, Baroda, Rajkot, Surat food packets were made and supplied to needy people directly and through municipal corporations, Collector's offices. Daily 1,500 food packets at Adalaj and 1,000 food packers at Baroda Temple were prepared on a daily basis and a total of 85,000 food packets distributed till end of May 2020.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2021

Ration Kit

Approximately 25,000 Ration kits distributed across 67 centers in 28 districts in India. The Ration Kit included one month's basic grains, pulses, oil and masala for one person.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2021

Health Support to Amba Health Center and Hospital (AHCH )

35 Doctors and para-medical staff services available via telemedicine and video calling.

AHCH is running with all precautions like PPE kits, social distancing, separate division for emergency care of critical patients.

Approximately 7,000 people took the benefit of telemedicine facility.

Emergency care with all standard PPE given to around 500 patients.

Around 25 on site group sessions taken for explaining preventive measures.

Approximately 4,000 home delivery of medicines and 3,000 preventive medicine kits given to people.

Distribution of free preventive Homeopathy medicines to 5,000 people.

Free distribution of routine monthly supply of medicines to around 200 needy patients in the society.

6,000 cloth masks made and distributed to people.

15 Webinars for education of different groups of the societies conducted - like Home care against Corona, precautions for symptomatic cases, care in the high risks etc.

Dedicated residence and food facilities for all staffs of AHCH to prevent exposure to the community.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Dadanagar hall was enhanced by following:

Final touches given to main Dadanagar Hall.

Bhojanshala Shed developed mainly in two parts - a more permanent structure for making food and a mandap structure for dining, this will cater for followers during 8 to 10 days workshops.

Permanent structure of toilet blocks was completed at entry/exit gates.

Additional parking and landscaping area constructed.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Financial review

The net income for the year amounted to £829,152 (2020:£195,264)

Total income was £1,008,659 (2020: £934,968). Income form donations rose by 32% to £1,007,341. This covered the loss of income of £167,051 compared to the prior year as no events could be held.

Total expenditure was £410,048 (2020; £563,982). The majority of such expenditure related to the funding of charitable projects as described above. Support and governance costs totalled £10,048 (2020: £17,827).

The charity had unrestricted reserves at 5 April 2021 of £1,327,098 (2020: £1,038,298) as represented by net current assets. The Trustees believe that it is necessary to hold such reserves to finance their ongoing planned expenditure and commitments as well as an adequate reserve for unforseen contingincies.

The trust held quoted investments as at 5 April 2021 of £618,538. A revaluation gain of £230,541 was credited to the Statement of Financial Activities in the year.

Structure, governance and management

The charity is an unincorporated trust and was established by a charitable trust deed on 23 June 2002.

The Trustees who served during the year were: Mr R B Patel Mr P J Karia Mr C M Mistry Mrs H B Patel Dr S S Patel Mr P V Shah Dr D S Patel

Th trustees are appointment in line with charity's rule D1-3.

AVDBF is fortunate to have trustees from diverse backgrounds and with a range of skills. These include financial, business. experience of the community and voluntary sector, health and social care sector. New Trustees are appointed from the supporters of the Trust by the Board to expand the existing skills as necessary.

The Board of Trustees administer the charity. No member has executive authority and at least two Trustees are required to make decisions on any financial matter relating to the charity. Regular meetings of the Board are held to progress the business of the charity. There are no paid staff and all members work on a voluntary basis.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Disclosure of audit information

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Auditors

Gerald Edelman LLP as auditors have expressed their willingness to continue in office and a proposal for their re-appointment will be put forward at the next annual general meetings.

On behalf of the board of Trustees

Mr P V Shah

Trustee Dated: 30 January 2022

ATMA VIGNANI DADA BHAGWAN FOUNDATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

INDEPENDENT AUDITORS' REPORT

TO THE TRUSTEES OF ATMA VIGNANI DADA BHAGWAN FOUNDATION

Opinion

We have audited the financial statements of Atma Vignani Dada Bhagwan Foundation ('the charity') for the year ended 5 April 2021 which comprises the statement of financial activties, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

ATMA VIGNANI DADA BHAGWAN FOUNDATION

INDEPENDENT AUDITORS' REPORT (CONTINUED) TO THE TRUSTEES OF ATMA VIGNANI DADA BHAGWAN FOUNDATION

Responsibilities of Trustees

As explained more fully in the statement of Trustees responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlines above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with '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)' in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purposes. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

INDEPENDENT AUDITORS' REPORT (CONTINUED) TO THE TRUSTEES OF ATMA VIGNANI DADA BHAGWAN FOUNDATION

Asgher Sultan FCCA (Senior Statutory Auditor) Gerald Edelman LLP

Chartered Accountants

Statutory Auditor

73 Cornhill London EC3V 3QQ

Dated: 30 January 2022

Gerald Edelman LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

ATMA VIGNANI DADA BHAGWAN FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021

Unrestricted Restricted Endowment
funds
funds
funds
Notes
£
£
£
Income from:
Donations and legacies
2
975,039
32,302
-
Investment income
3
1,318
-
-
976,357
32,302
-
Other income
4
-
-
-
Total income
976,357
32,302
-
Expenditure on:
5
Charitable activities
Expenditure on charitable activities
405,248
-
-
Total charitable expenditure
405,248
-
-
Governance costs
4,800
-
-
Total expenditure
410,048
-
-
Net income before investment
returns
566,309
32,302
-
Gross transfers between funds
707
-
(707)
Net income before investment returns
567,016
32,302
(707)
Other recognised gains and losses
Gains/(losses) on investment
assets
230,541
-
-
Net income for the year
797,557
32,302
(707)
Fund balances at 6 April 2020
3,926,481
211,607
707
Fund balances at 5 April 2021
4,724,038
243,909
-		 Total
2021
£
1,007,341
1,318
1,008,659
-
1,008,659
405,248
405,248
4,800
410,048
598,611
-
598,611
230,541
829,152
4,138,795
4,967,947		 Total
2020
£
765,554
2,363
767,917
167,051
934,968
563,982
563,982
-
563,982
370,986
-
370,986
(175,722)
195,264
3,943,531
4,138,795

ATMA VIGNANI DADA BHAGWAN FOUNDATION

BALANCE SHEET

AS AT 5 APRIL 2021

Notes
Fixed assets
Tangible assets
8
Investments
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
11
Net current assets
Total assets less current liabilities
Capital funds
Endowment funds
Income funds
Restricted funds
12
Unrestricted funds		 2021
£
£
3,022,311
618,538
3,640,849
201,564
1,167,164
1,368,728
(41,630)
1,327,098
4,967,947
-
243,909
4,724,038
4,967,947		 2020
£
£
2,500,186
387,997
2,888,183
265,191
1,175,561
1,440,752
(190,140)
1,250,612
4,138,795
707
211,607
3,926,481
4,138,795

The accounts were approved by the Trustees on 30 January 2022

Dr S S Patel Trustee

ATMA VIGNANI DADA BHAGWAN FOUNDATION

CASH FLOW STATEMENT FOR THE YEAR ENDED 5 APRIL 2021

Notes
Net cash inflow from operating activities
14
Capital expenditure and financial investment
Payments to acquire tangible fixed assets
Net cash inflow/(outflow) from capital
expenditure and financial investment
(Decrease)/increase in cash
Balance brought forward
Balance carried forward		 (522,172) 2021
£
513,775
(522,172)
(8,397)
1,175,561
1,167,164		 - 2020
£
319,257
-
319,257
856,304
1,175,561

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.2 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

All other income is included in the accounts on an accruals basis.

1.3 Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All resources expended are accounted for on an accruals basis and the irrecoverable element of VAT is included in the expense to which it relates

.

Charitable expenditure includes p ayments made to third parties in the furtherance of the charitable activities of the Trust. Grants are recognised in the accounts when paid or when the Trustees have agreed to pay the grant without condition. Charitable expenditure also includes support costs incurred regarding the provision and supervision of charitable projects. Support costs include governance costs represented by audit costs and other professional fees incurred in connection with the meeting of the charity's constitutional and statutory obligations.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% on a reducing balance method

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

(Continued)

Freehold land and buildings held for charity use are included at cost as allowed by the Statement of Recommended Practice.

1.5 Investments

Investments are stated at market value. Realised and unrealised gains and losses on investments are dealt with in the Statement of Financial Activities.

1.6 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 purposes within the objects of the charity. Restricted funds are funds subject to specific conditions imposed by donors as to how they may be used.

1.7 Taxation

As a registered charity it is exempt from tax on its activities which fall within the scope of part 10 ITA 2007 and section 256 of the Taxation of Chargeable Gains Act 1992.

2 Donations and legacies

Unrestricted Restricted
funds
funds
£
£
General donations
975,039
-
Leicester building fund
-
32,302
975,039
32,302		 Total
2021
£
975,039
32,302
1,007,341		 Total
2020
£
739,577
25,977
765,554

3 Investment income

Interest receivable

2021 2020
£ £
1,318 2,363

4 Other income

Total Total
2021 2020
£ £
Charitable activities - 167,051

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

4 Other income

Other income
Expenditure
Charitable activities
Activities supported in India
Other grants
Other costs
Support costs
Governance costs		 Other
costs
£
-
4,226
4,226
4,800
10,048		 Grant
funding
£
400,000
1,022
-
401,022
-
400,000		 (Continued)
Total
Total
2021
2020
£
£
400,000
325,000
1,022
-
221,155
4,226
16,873
405,248
563,028
4,800
954
410,048
563,982

5 Expenditure

Governance costs includes payments to the auditors of £4,800 (2020: £954 - independent examination) for audit fees.

6 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No expenses were refunded to the trustees in the year.

7 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
- -

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

8 Tangible fixed assets

Cost
At 6 April 2020
Additions
At 5 April 2021
Depreciation
At 6 April 2020
Charge for the year
At 5 April 2021
Net book value
At 5 April 2021
At 5 April 2020
All tangible fixed assets are held for charity use.		 Land and
buildings
Fixtures,
fittings &
equipment
£
£
2,500,000
5,717
522,172
-
3,022,172
5,717
-
5,531
-
47
-
5,578
3,022,172
139
2,500,000
186		 Total
£
2,505,717
522,172
3,027,889
5,531
47
5,578
3,022,311
2,500,186

9 Fixed asset investments

Market value at 6 April 2020
Change in value in the year
Market value at 5 April 2021
Historical cost:
At 5 April 2021
At 5 April 2020		 £
387,997
230,541
618,538
461,081
461,081

Investments are all UK stocks.

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

10 Debtors 2021 2020
£ £
Other debtors 201,564 265,191

Included within other debtors is amount of £199,914 (2020: £145,351) relating to Gift aid tax recoverable.

11
Creditors: amounts falling due within one year
Other creditors
Accruals
Deferred income		 2021
£
36,830
4,800
-
41,630		 2020
£
-
954
189,186
190,140

12 Restricted funds

The charity had restricted funds as at 5 April 2021 of £243,909 which represent the contributions by donors towards the cost and running of tangible fixed assets for charity use.

13 Analysis of net assets between funds

£
£
Unrestricted
funds
Restricted
funds
Fund balances at 5 April 2021 are represented
by:
Tangible fixed assets
2,778,402
243,909
Investments
618,538
-
Current assets
1,368,728
-
Creditors: amounts falling due within one year
(41,630)
-
4,724,038
243,909		 Total
£
3,022,311
618,538
1,368,728
(41,630)
4,967,947

ATMA VIGNANI DADA BHAGWAN FOUNDATION

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

14
Net cash inflow from operating activities
2021
£
Reconciliation to changes in resources
Changes in resources before revaluations
598,611
Depreciation of tangible fixed assets
47
Difference between pension charge and cash contributions
-
Decrease/(increase) in debtors
63,627
(Decrease)/Increase in creditors
(148,510)
513,775		 2020
£
370,986
62
-
(73,572)
21,781
319,257

15 Related parties

Donations totalling £619,604 (2020: £10,852) were made by the Trustees in the year. No other related party transactions occurred in the year.