Company number: 05276934 Registered charity number: 1108689
Shree Ram Krishna Centre
Trustees’ report and financial statements for the year ended 31 March 2025
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Shree Ram Krishna Centre Contents Page For the year ended 31 March 2025
| Contents | |
|---|---|
| Trustees Report | 1-2 |
| Independent examiner’s report to the trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 -16 |
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Shree Ram Krishna Centre
Company Limited by Guarantee
Trustees' Annual Report
Year ended 31 March 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
Reference and administrative details
Registered charity name Shree Ram Krishna Centre Charity registration number 1108689 Company registration number 05276934 Principal office and registered Ground Floor Temple office Alfred Street Loughborough Leicestershire LE11 1NG The trustees Mr J Measuria Mr N Chauhan Mr H Measuria Mr K Dave Mr R Jadhav Mr N Mistry Mr M Mistry Mrs R Patel Company secretary Mr K Dave Independent examiner Andrew Miles FCCA, BSc (Hons) Director - MilBen Accounts Limited Chartered Certified Accountants
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Shree Ram Krishna Centre
Company Limited by Guarantee
Trustees' Annual Report
Year ended 31 March 2025
Structure, governance and management
The organisation is a company limited by guarantee, incorporated on 3 November 2004. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and appointment of Management Committee:
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee.
Objectives and activities
The object of the charity is to promote the practice of Hindu religion and culture in the multicultural environment. This objective is achieved by providing a place for members of the Hindu community to worship and celebrate religious festivals and organise cultural functions to promote Indian music and dramatics. Part of the premises is used by the local Council for the benefit of the resident Community. The charity is dependent on the continued service of unpaid volunteers in all aspects of its activities. The contribution in terms of hours cannot be accurately quantified in this respect.
Achievements and performance
The directors are satisfied that the charity is achieving its objectives set out above.
Financial review
The trustees consider that the general fund of the charity has sufficient resources available to fulfill their obligations.
It is the policy of the charity that funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The directors consider that reserves at this level will ensure that in the event of a significant drop in funding they will be able to continue the charity's existing activities while consideration is given to ways in which additional may be raised.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 23 January 2026 and signed on behalf of the board of trustees by:
Mr K Dave Trustee
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Shree Ram Krishna Centre (A company limited by guarantee) Independent examiner’s report to the trustees for the year ended 31 March 2025
Report to the trustees of Shree Ram Krishna Centre
I report on the accounts of the charity for the year ended 31/03/2025.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Andrew Miles FCCA
BSc (Hons) Director – MilBen Accounts Limited Chartered Certified Accountants Independent Examiner
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| Total funds | 2024 | £ | 30,965 | 9,318 | 705 | 40,988 | 5,626 | 60,660 | 66,286 | (25,298) | - | (25,298) | 499,349 | 474,051 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted | funds | £ | - | - | - | - | - | 2,000 | 2,000 | (2,000) | (2,000) | (4,000) | 4,000 | - | ||||||||
| Unrestricted | funds | £ | 30,965 | 9,318 | 705 | 40,988 | 5,626 | 58,660 | 64,286 | (23,298) | 2,000 | (21,298) | 495,349 | 474,051 | ||||||||
| Statement of Financial Activities | including Revenue Account | for the year ended 31 March 2025 | Unrestricted Restricted Total funds |
funds funds 2025 |
Note £ £ £ |
Income from: | Donations and legacies 3 34,117 - 34,117 |
Charitable activities 4 11,378 - 11,378 |
Investment income 5 771 - 771 |
Total income 46,266 - 46,266 |
Expenditure on: | Cost of raising funds 6 3,977 - 3,977 |
Charitable activities 7 45,115 - 45,115 |
Total expenditure 49,092 - 49,092 |
(2,826) - (2,826) Net income/(expenditure) for the year |
Transfer between funds - - - |
Net movement in funds for the year (2,826) - (2,826) |
Reconciliation of funds | Total funds brought forward 474,051 - 474,051 |
Total funds carried forward 471,225 - 471,225 |
The statement of financial activities includes all gains and losses recognised in the year. | All income and expenditure derive from continuing activities. |
Shree Ram Krishna Centre Company Number 5276934
Balance sheet as at 31 March 2025
| Note | 2025 | 2024 | ||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Fixed assets | ||||||
| Tangible assets 12 |
403,523 | 409,264 | ||||
| Total fixed assets Current assets Cash at bank and in hand |
68,602 | 403,523 | 65,812 | 409,264 | ||
| Total current assets Liabilities Creditors: amounts falling due in less than one year 13 |
68,602 (900) |
65,812 (1,025) |
||||
| Net current assets | 67,702 | 64,787 | ||||
| Total assets less current liabilities | 471,225 | 474,051 | ||||
| Net assets | 471,225 | 474,051 | ||||
| The funds of the charity: Restricted income funds Unrestricted income funds |
- 471,225 |
- 474,051 |
||||
| Total charity funds | 471,225 | 474,051 |
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
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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 are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 6 to 16 form part of these accounts.
Approved by the trustees on 23 January 2026 and signed on their behalf by:
Mr K Dave
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025
1 Accounting policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a Basis of preparation
The financial statements have been prepared 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) issued in October 2019 - (Charities SORP (FRS 102), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Shree Ram Krishna Centre meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.
b Judgments and estimates
The trustees have made no key judgments which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
c Preparation of the accounts on a going concern basis
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.
d Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
e Interest receivable
- Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
f Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
g Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
-
Costs of raising funds comprise the costs of fundraising and the associated support
-
Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
j Tangible fixed assets
Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives as follows:
Freehold property 1% per annum of cost Fixtures and fittings 15% reducing balance Temple fixtures and fittings 10% reducing balance
k Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
l Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
m Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
n Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2 Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The registered office address is disclosed on page 1.
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| Total 2024 | £ | 30,965 | - | 30,965 | Total 2024 £ 1,121 |
1,531 | 6,666 | - | - | 9,318 | Total 2024 £ 5,626 - |
5,626 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Restricted Total 2025 Unrestricted Restricted |
£ £ £ £ £ |
Donation income 34,117 - 34,117 30,965 - |
Grant income - - - - - |
34,117 - 34,117 30,965 - |
Income from charitable activities | Unrestricted Restricted Total 2025 Unrestricted Restricted £ £ £ £ £ Hall hire 2,395 - 2,395 1,121 - |
SRKCP - Bills 8,965 - 8,965 1,531 - |
SRKCP - Rent - - - 6,666 - |
- - - - - Other income |
Membership 18 - 18 - - |
11,378 - 11,378 9,318 - |
Investment income | All of the charity's investment income arises from money held in interest bearing deposit accounts and is all unrestricted. | Cost of raising funds | Unrestricted Restricted Total 2025 Unrestricted Restricted £ £ £ £ £ Events and materials costs 3,451 - 3,451 5,626 - 526 - 526 - - |
3,977 - 3,977 5,626 - |
| Unrestricted Restricted Total 2025 Unrestricted Restricted Total 2024 |
£ £ £ £ £ £ |
Staff costs 470 - 470 2,022 - 2,022 |
Cleaning 1,251 - 1,251 260 1,061 1,321 |
Other office costs - - - 1,242 - 1,242 |
Telephone and fax - - - 26 - 26 |
Printing, Postage and Stationary 219 - 219 228 258 486 |
Bank charges 571 - 571 304 - 304 |
Insurance 2,700 - 2,700 2,450 - 2,450 |
Professional fees 4,202 - 4,202 2,546 - 2,546 |
Gas 5,181 - 5,181 3,534 - 3,534 |
Electricity 3,794 - 3,794 10,854 - 10,854 |
Water 696 - 696 706 - 706 |
Accountancy fees 1,200 - 1,200 900 - 900 |
Depreciation 6,381 - 6,381 6,483 - 6,483 |
Repairs and maintenance 18,450 - 18,450 23,147 681 23,828 |
Irrecoverable debt expense - - - 3,958 - 3,958 |
45,115 - 45,115 58,660 2,000 60,660 |
The irrecoverable debt expense relates to an invoices to Shree Ram Krishna Community Project (SRKCP) in respect to a lift installation | that was deemed to be irrecoverable. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
8 Net income/(expenditure) for the year
| This is stated after charging/(crediting): | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Depreciation | 6,381 | 6,483 |
| Accountancy fees - Independent examiner fees | 300 | 300 |
| Accountancy fees - other fees | 600 | 600 |
| ff costs ff costs during the year were as follows: Wages and salaries |
2025 £ 470 470 |
2024 £ 1,368 1,368 |
|---|---|---|
9 Staff costs
Staff costs during the year were as follows:
No employees had employee benefits in excess of £60,000 (2024: Nil).
The average monthly number of staff employed during the period was 1 (2024: 1). The full time equivalent number of staff during the period was 1 (2024: 1).
The key management personnel of the charity comprise the trustees.
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
10 Trustee remuneration and expenses, and related party transactions
No trustee or person closely related or connected with them received any remuneration during the year (2024: Nil).
There were no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil).
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
11 Corporation tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
12 Fixed assets: tangible assets
| Cost Additions Disposals Depreciation Charge for the year Disposals Net book value At 31 March 2024 At 31 March 2025 At 1 April 2024 At 31 March 2025 At 31 March 2025 At 1 April 2024 |
Freehold Property £ 487,837 - - 487,837 92,686 4,878 - 97,564 390,273 395,151 |
Fixtures, Furniture & Equipment £ 11,094 640 - 11,734 10,544 147 - 10,691 1,043 550 |
Marble, Temple idols & paintings £ 100,120 - - 100,120 86,557 1,356 - 87,913 12,207 13,563 |
£ 599,051 640 - 599,691 189,787 6,381 - 196,168 403,523 409,264 Total |
|---|---|---|---|---|
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
13 Creditors: amounts falling due within one year
| 2025 2024 £ £ Accruals 900 900 Other creditors - 98 Taxation and social security costs - 27 900 1,025 Analysis of movements in restricted funds Current reporting period Balance at 1 April 2024 Income Expenditure Transfers £ £ £ £ - - - - Total - - - - Previous reporting period Balance at 1 April 2023 Income Transfers £ £ £ £ 4,000 - (2,000) (2,000) Total 4,000 - (2,000) (2,000) Covid-19 cleaning grant Expenditure Covid-19 Cleaning grant Name of restricted fund Description, nature and purposes of the fund Grant used to ensure cleanliness of the premises. Covid-19 cleaning grant |
Balance at 31 March 2025 £ - - Balance at 31 March 2024 £ - - |
|---|---|
14 Analysis of movements in restricted funds
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
15 Analysis of movement in unrestricted funds
Current period
| Current period | |||||
|---|---|---|---|---|---|
| Balance at | As at 31 | ||||
| 1 April | March | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| General fund | 474,051 | 46,266 | (49,092) | - | 471,225 |
| Total general funds | 474,051 | 46,266 | (49,092) | - | 471,225 |
| Prior period | |||||
| Balance at | As at 31 | ||||
| 1 April | March | ||||
| 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| General fund | 495,349 | 40,988 | (64,286) | 2,000 | 474,051 |
| Total general funds | 495,349 | 40,988 | (64,286) | 2,000 | 474,051 |
Name of unrestricted fund Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds
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Shree Ram Krishna Centre
Notes to the accounts for the year ended 31 March 2025 (continued)
16 Analysis of group net assets between funds
Current reporting period
| Tangible fixed assets Net current assets/(liabilities) Total Previous reporting period Tangible fixed assets Net current assets/(liabilities) Total |
General fund £ 403,523 67,702 471,225 General fund £ 409,264 64,787 474,051 |
Designated funds £ - - - Designated funds £ - - - |
Restricted funds £ - - - Restricted funds £ - - - |
Total £ 403,523 67,702 471,225 Total £ 409,264 64,787 474,051 |
|---|---|---|---|---|
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