REGISTERED COMPANY NUMBER: 02354120 (England and Wales) REGISTERED CHARITY NUMBER: 1104160
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
FOR
THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM (A COMPANY LIMITED BY GUARANTEE)
Richardson Jones Chartered Accountants Mercury House 19-21 Chapel Street Marlow Buckinghamshire SL7 3HN
THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
| Page | |||
|---|---|---|---|
| Trustees' Report | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 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
Policies and Objectives
The Aim of the Charitable Company is to:
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advance the religion of Adidam as given by Adi Da Samraj for the benefit of the public, in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit; and
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provide means for the study of comparative religion that is, the worship of One God, unbiased by any particular denominational dogma or creed, which study will enhance each person's relationship to his own religion and his understanding of other religions; and
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provide means for the study of other religious subjects which directly pertain to the individual's health and wellbeing and/or pertain to his relationship to his fellow man and God.
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The activities are divided between serving the educational process of existing members and providing opportunities for interested public to find out and study about the Charity's work.
ACHIEVEMENT AND PERFORMANCE
Review of activities
The Charity continued its operations throughout the UK, holding workshops, seminars, courses and events for interested public, where the Charity's educational Books were sold and other information distributed.
The business of public education through events, courses, seminars and retreats is administered under the 'Mission' department and separate accounts are kept for this.
Adidam Books our publications mission is similarly separately managed.
Another separate account is the 'Society of Advocates', the specific aim of which is to provide funding assistance to the ongoing publication and distribution of the Charity's Educational Books and Materials, along with other projects relating to the Charity's work. This is done through members' donations.
As per last year, the charity received financial disclosure reports from its sister organisations in Fiji and California on the application of its religious tithes to account for the significant donations that are sent to these foreign counterparties each year.
FINANCIAL REVIEW
Financial review
The results of the year's activity are set out in the attached financial statements. The Charity achieved net incoming resources for the year of £-2,067 (2023: £13,009). Total funds at the year-end increased to £115,399 (2023: £117,466).
FUTURE PLANS
Public benefit statement
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The public benefit of the Charity's activities are outlined under "Objectives and activities" above.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The charity commenced activities on 1st July 2004, taking over the assets, liabilities and activities of The Free Daist Communion, an unincorporated registered charity. The name was changed to The Avataric Pan-Communion of Adidam United Kingdom on 24 October 2007. The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 01 March 1989.
The charity is a registered charity, number 1104160.
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Trustees resign annually at the AGM but are eligible for reappointment.
The trustees who served during the period July 2023 to June 2024 were:
David Andreae Chairman Philip Saffery Treasurer Viktoria Davies Secretary
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02354120 (England and Wales)
Registered Charity number 1104160
Registered office
20-22 Wenlock Road London N1 7GU
Trustees
Mr D Andreae V Davies Administrator Mr P Saffery
Company Secretary
V Davies
Independent Examiner
David Porter Richardson Jones Chartered Accountants Mercury House 19-21 Chapel Street Marlow Buckinghamshire SL7 3HN
Solicitors
Russell-Cooke Solicitors 2 Putney Hill Putney, London SW15 6AB
Bankers
HSBC Bank Plc 22 Stamford Street London SE1 9LJ
Approved by order of the board of trustees on 25th February 2025 and signed on its behalf by:
Mr P Saffery - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
Independent examiner's report to the trustees of The Avataric Pan-communion Of Adidam United Kingdom ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
David Porter
Richardson Jones Chartered Accountants Mercury House 19-21 Chapel Street Marlow Buckinghamshire SL7 3HN
25th February 2025
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30TH JUNE 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 99,947 11,081 EXPENDITURE ON Other 104,551 8,544 NET INCOME/(EXPENDITURE) (4,604) 2,537 Transfers between funds 10 36,705 (36,705) Net movement in funds 32,101 (34,168) RECONCILIATION OF FUNDS Total funds brought forward 72,857 44,609 TOTAL FUNDS CARRIED FORWARD 104,958 10,441 |
30.6.24 Total funds £ 111,028 113,095 (2,067) - (2,067) 117,466 115,399 |
30.6.23 Total funds £ 106,180 93,171 13,009 - 13,009 104,457 117,466 |
|---|---|---|
The notes form part of these financial statements
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
BALANCE SHEET 30TH JUNE 2024
| 30.6.24 | 30.6.23 | ||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Stocks | 6 | 6,691 | 10,093 |
| Debtors | 7 | 5,229 | 7,227 |
| Cash at bank | 140,021 | 132,777 | |
| CREDITORS | 151,941 | 150,097 | |
| Amounts falling due within one year | 8 | (36,542) | (32,631) |
| NET CURRENT ASSETS | 115,399 | 117,466 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 115,399 | 117,466 | |
| NET ASSETS | 115,399 | 117,466 | |
| FUNDS | 10 | ||
| Unrestricted funds | 104,958 | 72,857 | |
| Restricted funds | 10,441 | 44,609 | |
| TOTAL FUNDS | 115,399 | 117,466 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25th February 2025 and were signed on its behalf by:
Mr D Andreae - Trustee
Mr P Saffery - Trustee
The notes form part of these financial statements
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for smaller entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005, applicable accounting standards and he Companies Act 2006.
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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30.6.24 | 30.6.23 | |
|---|---|---|
| £ | £ | |
| Independent examiner's fee | 1,000 | 1,000 |
continued...
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024
3. TRUSTEES' REMUNERATION AND BENEFITS
During the year, no Trustees received any remuneration (2023 - £NIL) During the year, no Trustees received any benefits in kind (2023 - £NIL)
Trustees' expenses
During the year, D Andreae received a reimbursement of expenses amounting to £1,877 (2023 - £977) and P Saffery received a reimbursement of expenses amounting to £440 (2023 - £0).
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 94,146 12,034 EXPENDITURE ON Other 85,746 7,425 NET INCOME 8,400 4,609 Transfers between funds (643) 643 Net movement in funds 7,757 5,252 RECONCILIATION OF FUNDS Total funds brought forward 65,100 39,357 TOTAL FUNDS CARRIED FORWARD 72,857 44,609 |
Total funds £ 106,180 93,171 13,009 - 13,009 104,457 117,466 |
|---|---|
5. DONATIONS PAYABLE
The charity transfers a significant portion of total incoming donations to two sister organisations:
The Avataric Samrajya of Adidam Pty Limited, as trustee for The Avataric Samrajya of Adidam - a charitable trust established under the laws of the Commonwealth of Australia located in the city of Hawthorn, State of Victoria. This organisation is a perpetual and irrevocable trust for public charitable purposes established by a Trust Deed dated the 19th day of October, 1990, carrying on charitable activities for the purpose of advancing religion, specifically to practice and promote the religion of Adidam as given by Ruchira Avatar Adi Da Samraj, the founding member of the religion.
The Avataric Holy Domains of Adidam - a non-profit tax-exempt corporation incorporated under the laws of California with its head office in the County of Lake and carrying on charitable activities for the purpose of advancing religion, specifically to practice and promote the religion of Adidam as given by Ruchira Avatar Adi Da Samraj, the founding member of the religion.
These organisations ensure the survival and ongoing operations of the sacred sources of the Adidam religion which are fundamental to the Adidam faith.These include the island of Naitauba, Fiji, also known as Adi Da Samrajashram; The Mountain of Attention Sanctuary in Northern California; Da Love-Ananda Mahal Sanctuary in Hawaii and the Ruchira Sannyasin Order, the senior religious order of Sannyasins in the Adidam religion.
continued...
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024
| 6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Deferred income Accrued expenses 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund fund £ £ Current assets 141,500 10,441 Current liabilities (36,542) - 104,958 10,441 10. MOVEMENT IN FUNDS Brought Incoming Resources forward resources expended £ £ £ DESIGNATED FUNDS Fixed Assets - - - Adidam Books 13,560 2,052 (5,610) Yajna Fund 8,270 - - Mission 3,159 240 - 24,989 2,292 (5,610) GENERAL FUND General Fund 47,868 97,655 (98,941) Total unrestricted funds 72,857 99,947 (104,551) RESTRICTED FUNDS Restricted Funds 44,608 11,081 (8,544) Total of funds 117,465 111,028 (113,095) |
6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Deferred income Accrued expenses 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund fund £ £ Current assets 141,500 10,441 Current liabilities (36,542) - 104,958 10,441 10. MOVEMENT IN FUNDS Brought Incoming Resources forward resources expended £ £ £ DESIGNATED FUNDS Fixed Assets - - - Adidam Books 13,560 2,052 (5,610) Yajna Fund 8,270 - - Mission 3,159 240 - 24,989 2,292 (5,610) GENERAL FUND General Fund 47,868 97,655 (98,941) Total unrestricted funds 72,857 99,947 (104,551) RESTRICTED FUNDS Restricted Funds 44,608 11,081 (8,544) Total of funds 117,465 111,028 (113,095) |
6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Deferred income Accrued expenses 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund fund £ £ Current assets 141,500 10,441 Current liabilities (36,542) - 104,958 10,441 10. MOVEMENT IN FUNDS Brought Incoming Resources forward resources expended £ £ £ DESIGNATED FUNDS Fixed Assets - - - Adidam Books 13,560 2,052 (5,610) Yajna Fund 8,270 - - Mission 3,159 240 - 24,989 2,292 (5,610) GENERAL FUND General Fund 47,868 97,655 (98,941) Total unrestricted funds 72,857 99,947 (104,551) RESTRICTED FUNDS Restricted Funds 44,608 11,081 (8,544) Total of funds 117,465 111,028 (113,095) |
6. STOCKS Stocks 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Deferred income Accrued expenses 9. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund fund £ £ Current assets 141,500 10,441 Current liabilities (36,542) - 104,958 10,441 10. MOVEMENT IN FUNDS Brought Incoming Resources forward resources expended £ £ £ DESIGNATED FUNDS Fixed Assets - - - Adidam Books 13,560 2,052 (5,610) Yajna Fund 8,270 - - Mission 3,159 240 - 24,989 2,292 (5,610) GENERAL FUND General Fund 47,868 97,655 (98,941) Total unrestricted funds 72,857 99,947 (104,551) RESTRICTED FUNDS Restricted Funds 44,608 11,081 (8,544) Total of funds 117,465 111,028 (113,095) |
30.6.24 £ 6,691 30.6.24 £ 5,229 30.6.24 £ 26,971 9,571 36,542 30.6.24 Total funds £ 151,941 (36,542) 115,399 |
30.6.23 £ 10,093 30.6.23 £ 7,227 30.6.23 £ 26,963 5,668 32,631 30.6.23 Total funds £ 150,097 (32,631) 117,466 |
||
|---|---|---|---|---|---|---|---|
| Brought forward £ - 13,560 8,270 3,159 24,989 47,868 72,857 44,608 117,465 |
Incoming resources £ - 2,052 - 240 2,292 97,655 99,947 11,081 111,028 |
Resources expended £ - (5,610) - - (5,610) (98,941) (104,551) (8,544) (113,095) |
Transfers in/out £ - - - - - 36,705 36,705 (36,705) (36,705) |
Carried forward £ - 10,002 8,270 3,399 21,671 83,287 104,958 10,441 115,399 |
Designated funds:
Fixed Assets: The office equipment is considered to be not easily realisable and therefore, in accordance with SORP 2005, should not be matched by general reserves. The balance carried forward is equal to the net book value of the assets.
continued...
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30th June 2024.
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THE AVATARIC PAN-COMMUNION OF ADIDAM UNITED KINGDOM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024
| Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS Donations and legacies Society of advocates - 11,081 Gifting donations - various 13,672 - Tithes 5% 24,550 - Tithes 10% 47,808 - Adidam books - sales 2,052 - Regional support 7,435 - Mission trading 240 - Sundry income 4,190 - 99,947 11,081 Total incoming resources 99,947 11,081 EXPENDITURE Other Adidam books - purchases 5,609 - Tithe 10% 49,179 - Tithe 5% 24,762 - Gifting donations - various 21,589 - Society of advocates - 8,544 Translation expenses 170 - 101,309 8,544 Support costs Management Insurance 319 - Postage and stationery 17 - Subscriptions 790 - Sundries 60 - Professional fees 13 - Independent examiner's fees 990 - Advertising & Marketing 730 - 2,919 - Finance Bank charges 323 - Total resources expended 104,551 8,544 Net income (4,604) 2,537 |
30.6.24 Total funds £ 11,081 13,672 24,550 47,808 2,052 7,435 240 4,190 111,028 111,028 5,609 49,179 24,762 21,589 8,544 170 109,853 319 17 790 60 13 990 730 2,919 323 113,095 (2,067) |
30.6.23 Total funds £ 12,034 15,874 20,961 43,153 4,399 7,314 240 2,205 106,180 106,180 2,673 41,921 20,959 18,182 7,425 229 91,389 - - 497 - 13 997 - 1,507 275 93,171 13,009 |
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This page does not form part of the statutory financial statements
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