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2021-03-31-accounts

Pages
Trustees'
Annual
Report		 2to3
Independent
Examiner's
Report
Statement of Financial
Activities
Balance Sheet
Statement ofCash flows 13
Notes to the Accounts 7to 12
Detailed Statement
of Financial Activities		 14to 15

for the year ended 31March 2021
Unrestricted
funds Total funds Total funds
2021 2021 2020
Notes E f f
Income and endowments
from:
Donations and legacies 43,288 43,288 40,320
Other 20,040 20,040 31,779
Total 63,328 63,328 72,099
Expenditure on:
Other 13,465 13,465 15,651
Total 13,465 13,465 15,651
Net gains on investments
Net income 49,863 49,863 56,448
Transfers between funds
Net income before other 49,863 49,863 56,448
gains/(losses)
Other gains and losses
Net movement
in funds		 49,863 49,863 56,448
Reconciliation
offunds:
Total funds brought forward 402,866 402,866 346,418
Total funds carried forward 452,729 452,729 402,866

SHIVA CULTURAL AN
Balance Sheet
at 31March 2021		 SHIVA CULTURAL AN
Balance Sheet
at 31March 2021		 D COMMUNITY
CENTRE
Charity No. 1122604 2021 2020
E E
Fixed assets
Tangible assets 10 438,058 323,683
438,058 323,683
Current assets
Cash at bank and in hand 30,571 79,983
30,571 79,983
Creditors: Amount falling due within one year 11 (15,900) (800)
Net current assets 14,671 79,183
Total assets less current liabilities 452,729 402,866
Net assets excluding pension asset or liability 452,729 402,866
Total net assets 452,729 402,866
The funds ofthe charity
Restricted funds 12
Unrestricted
funds		 12
General funds 452,729 402,866
452,729 402,866
Reserves 12
Total funds 452,729 402,866

Fund accoun Fund accoun ting ting
Unrestricted funds These are available for use at the discretion ofthe trustees in furtherance of the
general objects ofthe charity.
Designated funds These are unrestricted
funds earmarked
by the trustees		 for particular
purposes.
Revaluation funds These are unrestricted
funds which include a revaluation		 reserve representing the
restatement
ofinvestment
assets at their market values.
Restricted funds These are available for use subject to restrictions
imposed		 by the donor or through
terms ofan appeal.
Income
Recognition of Income is included
in the Statement
of Financial
Activities		 (SoFA) when the charity
income becomes entitled to, and virtually
certain to receive, the		 income and the amount of
the income can be measured
with sufficient
reliability.
Income with related Where income has related expenditure
the income and		 related expenditure is
expenditure reported
gross in the SoFA.
Donations and Voluntary
income received
by way of grants, donations
and gifts is included		 in the
legacies the SoFA when receivable
and
only when the Charity has		 unconditional
entitlement
to the income.
Tax reclaims on Income from tax reclaims
is included
in the SoFA at the same time as the
donations and gifts gift/donation
to which
it relates.
Donated services These are only included
in income (with an equivalent
amount
in expenditure)
and facilities where the benefit to the Charity
is reasonably
quantifiable,		 measurable and
material.
Volunteer help The value ofany volunteer
help received
is not included		 in the accounts.
Investment income This is included
in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting
from revaluing
investments
to market		 value
revaluation of fixed at the end ofthe year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments.
investment assets

s to the Acc s to the Acc ounts
Expenditure
Recognition of Expenditure
is recognised
on an accruals basis. Expenditure
includes		 any VAT which
expenditure cannot be fully recovered,
and is reported
as part ofthe expenditure		 to which it
relates.
Expenditure on These comprise the costs associated
with attracting		 voluntary income, fundraising
raising funds trading costs and investment
management
costs.
Expenditure on These comprise the costs incurred
by the Charity
in the delivery of its activities and
charitable activities services
in the furtherance
of its objects, including		 the making ofgrants and
governance
costs.
Grants payable All grant expenditure
is accounted for on an actual		 paid basis plus an accrual for
grants that have been approved
by the trustees at		 the end of the year but not yet
pa Id.
Governance costs These include those costs associated
with meeting		 the constitutional and statutory
requirements
ofthe Charity,
including
any audit/independent		 examination
fees,
costs linked to the strategic management
ofthe Charity, together
with a share of
other administration
costs.
Other expenditure These are support costs not allocated to a particular
activity.

2 Statement of Fi nancial Activities - prior year
Unrestricted
funds Total funds
2020 2020
Income and endowments from:
Donations and legacies 40,320 40,320
Other 31,779 31,779
Total 72,099 72,099
Expenditure
on:
Other 15,651 15,651
Total 15,651 15,651
Net income 56,448 56,448
Net income before other 56,448 56,448
gains/(losses)
Other gains and losses:
Net movement in funds 56,448 56,448
Reconciliation offunds:
Total funds brought forward 346,418 346,418
Total funds carried forward 402,866 402,866
3 Income from donations and legacies
Unrestricted Total Total
2021 2020
Donations received 43,288 43,288 40,320
43,288 43,288 40,320
4 Other income
Unrestricted Total Total
2021 2020
Gift Aid Income 31,729
Other income 50
COVID-19 restrictions grant 20,029 20,029
20,040 20,040 31,779
Unrestricted Total Total
2021 2020
Premises costs 5,712 5,712 8,243
Amortisation, depreciation,
impairment, profit/loss on 156 156 195
disposal offixed assets
General administrative costs 5,482 5,482 5,661
Legal and professional costs 2,115 2,115 1,552
13,465 13,465 15,651
6 Net income before transfers
2021 2020
This is stated after charging: f
Depreciation ofowned fixed assets 156 195
7 Staff costs
No employee received emoluments in excess off60,000.
8 Trustee Remuneration and Expenses
No trustee received remuneration or expenses during the year,

Cost or revaluation Cost or revaluation
At 1April 2020 322,903 1,219 324,122
Additions 114,531 114,531
At 31March 2021 437,434 1,219 438,653
Depreciation and
impairment
At 1April 2020 439 439
Depreciation charge for the 156 156
year
At 31March 2021 595 595
Net book values
At 31March 2021 437,434 624 438,058
At 31March 2020 322,903 780 323,683
11 Creditors:
amounts falling due within one year
2021 2020
f f
Other creditors 15,020
Accruals and deferred income 880 800
15,900 800
12 Movement in funds
Incoming
resources At 31
(including Resources March
other expended 2021
At 1April gains/losses
2020 )
f
Restricted funds:
Unrestricted funds".
General funds 402,866 63,328 (13,465) 452,729
Revaluation Reserves:
Total funds 402,866 63,328 (13,465) 452,729
13 Analysis of net assets between funds
Unrestricted
Total
funds
f f
Fixed assets 438,058 438,058
Net current assets 14,671 14,671
452,729 452,729
14 Reconciliation of net. debt
At 31
At 1April March
2020 Cash flows 2021
E E
Cash and cash equivalents 79,983 (49,412) 30,571
79,983 (49,412) 30,571
Net debt 79,983 (49,412) 30,571
2021 2020
f f
Cash flows from operating activities
Net income per Statement of Financial Activities 49,863 56,448
Adjustments
for:
Depreciation
ofproperty,
plant and equipment		 156 195
Dividends,
interest and		 rents from investments (20,040) (31,779)
Increase
in trade and other payables		 15,100
Net cash provided
by operating
activities		 45,079 24,864
Cash flows from investing activities
Payments
for property,		 plant and equipment (114,531) (18,463)
Dividends,
interest
and		 rents from investments 20,040 31,779
Net cash (used in)/from
investing
activities		 (94,491) 13,316
Net cash from financing
activities
Net (decrease)/increase
in		 cash and cash equivalents (49,412) 38,180
Cash and cash equivalents at the beginning of the year 79,983 41,803
Cash and cash equivalents at the end ofthe year 30,571 79,983
Components
ofcash and cash equivalents
Cash and bank balances 30,571 79,983
30,571 79,983

Unrestricted
funds Total funds Total funds
2021 2021 2020
f f f
Income and endowments from:
Donations
and legacies
Donations
received		 43,288 43,288 40,320
43,288 43,288 40,320
Other
Gift Aid Income 31,729
Other income 11 11 50
COVID-19 restrictions grant 20,029 20,029
20,040 20,040 31,779
Total income and endowments 63,328 63,328 72,099
Expenditure
on:
Premises costs
Rates 122 122 585
Light, heat and power 3,513 3,513 1,032
Premises insurances 752 752 711
Premises repairs and
maintenance		 1,325 1,325 5,915
5,712 5,712 8,243
General administrative costs,
including
depreciation		 and
amortisation
Depreciation
of		 156 156 195
Information
and publications		 77 77 586
Postage and couriers 42 42 79
Subscriptions 157 157 239
Sundry expenses 4,544 4,544 4,484
Telephone,
fax and		 broadband 662 662 273
5,638 5,638 5,856
Legal and professional costs
Audit/Independent examination 680 680 400
fees
Consultancy
fees		 1,176 1,176 1,152
Other legal and professional 259 259
costs
2,115 2,115 1,552
Total ofexpenditure ofother costs 13,465 13,465 15,651
Total expenditure 13,465 13,465 15,651
Net gains on investments
Net income 49,863 49,863 56,448
Net income before other
gains/(losses)		 49,863 49,863 56,448
Other Gains
Net movement
in funds		 49,863 49,863 56,448
Reconciliation
offunds:
Total funds brought forward 402,866 402,866 346,418
Total funds carried forward 452,729 452,729 402,866