Company registration number: 6258078 Charity registration number: 1123000
## Asamai Mandir Trust (London) Limited
(A company limited by guarantee without share capital)
Annual Report and Financial Statements
for the Year Ended 31 May 2024
NRS Accountants & Taxation Services Limited 264 High Road Harrow Weald Middlesex HA3 7BB
## **Asamai Mandir Trust (London) Limited**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Strategic Report|2|
|Statement of Trustees' Responsibilities|3 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7 to 8|
|Notes to the Financial Statements|9 to 13|
## **Asamai Mandir Trust (London) Limited**
## **Reference and Administrative Details**
**Trustees** Mr Rohit Kumar Mr Ashu Kumar Mr Nath Piasa Mr Verjesh Kumar Puri Mr Ram Chaudry **Secretary** Mr Ashok Bhasin **Principal Office** Principal office **Company Registration Number** 6258078 **Charity Registration Number** 1123000 **Independent Examiner** NRS Accountants & Taxation Services Limited 264 High Road Harrow Weald Middlesex HA3 7BB **Accountants** NRS Accountants & Taxation Services Limited The Association of International Accountants 264 High Road Harrow Weald Middlesex HA3 7BB
Page 1
## **Asamai Mandir Trust (London) Limited**
## **Strategic Report for the Year Ended 31 May 2024**
The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 May 2024, in compliance with s414C of the Companies Act 2006.
The strategic report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Ashok Bhasin Company Secretary
......................................... Mr Rohit Kumar Trustee
......................................... Mr Ashu Kumar Trustee
......................................... Mr Nath Piasa Trustee
......................................... Mr Verjesh Kumar Puri Trustee
......................................... Mr Ram Chaudry Trustee
Page 2
## **Asamai Mandir Trust (London) Limited**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Asamai Mandir Trust (London) Limited for the purposes of company law) are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Asamai Cultural Trust Changed the name to Asamai Mandhir London Ltd on 21st October 2022.**
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Mr Ashok Bhasin Company Secretary
......................................... Mr Rohit Kumar Trustee
......................................... Mr Ashu Kumar Trustee
......................................... Mr Nath Piasa Trustee
Page 3
## **Asamai Mandir Trust (London) Limited**
## **Statement of Trustees' Responsibilities**
......................................... Mr Verjesh Kumar Puri Trustee
......................................... Mr Ram Chaudry Trustee
Page 4
## **Asamai Mandir Trust (London) Limited**
## **Independent Examiner's Report to the trustees of Asamai Mandir Trust (London) Limited**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 May 2024 which are set out on pages 6 to 13.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Asamai Mandir Trust (London) Limited (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 Asamai Mandir Trust (London) Limited 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:
1. accounting records were not kept in respect of Asamai Mandir Trust (London) Limited as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.
...................................... Nilesh Shah
264 High Road Harrow Weald Middlesex HA3 7BB
Date:.............................
Page 5
## **Asamai Mandir Trust (London) Limited**
## **Statement of Financial Activities for the Year Ended 31 May 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
Other income
Total income
**Expenditure on:**
Raising funds
Charitable activities
4
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10
**Note**
**Income and Endowments from:**
Donations and legacies
3
Investment income
Other income
Total income
**Expenditure on:**
Charitable activities
4
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10|**Unrestricted**
**funds**
**£**
116,470
5,664
28,050
150,184
(74,505)
(26,900)
(101,405)
48,779
48,779
2,163,247
2,212,026
**Unrestricted**
**funds**
**£**
133,185
1,705
(3,459)
131,431
(26,186)
(26,186)
105,245
105,245
2,058,002
2,163,247|**Unrestricted**
**funds**
**£**
116,470
5,664
28,050||**Total**
**2024**
**£**
116,470
5,664
28,050|
|---|---|---|---|---|
|||150,184||150,184|
|||(74,505)
(26,900)||(74,505)
(26,900)|
|||(101,405)||(101,405)|
|||48,779||48,779|
|||48,779
2,163,247||48,779
2,163,247|
|||2,212,026||2,212,026|
|||||**Total**
**2023**
**£**
133,185
1,705
(3,459)|
|||||131,431|
|||||(26,186)|
|||||(26,186)|
|||||105,245|
|||||105,245
2,058,002|
|||||2,163,247|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 10.
Page 6
## **Asamai Mandir Trust (London) Limited**
## **(Registration number: 6258078) Balance Sheet as at 31 May 2024**
|**Note**
**Fixed assets**
Tangible assets
7
**Current assets**
Cash at bank and in hand
8
**Creditors: Amounts falling due within one year**
9
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
10|**2024**
**£**
1,334,259
878,968
(1,201)
877,767
2,212,026
2,212,026
2,212,026|**2023**
**£**
1,334,259
829,588
(600)|
|---|---|---|
|||828,988|
|||2,163,247|
|||2,163,247|
|||2,163,247|
For the financial year ending 31 May 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
- 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 have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Page 7
## **Asamai Mandir Trust (London) Limited**
## **(Registration number: 6258078) Balance Sheet as at 31 May 2024**
The financial statements on pages 6 to 13 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr Ashok Bhasin Company Secretary
......................................... Mr Rohit Kumar Trustee
......................................... Mr Ashu Kumar Trustee
......................................... Mr Nath Piasa Trustee
......................................... Mr Verjesh Kumar Puri Trustee
......................................... Mr Ram Chaudry Trustee
Page 8
## **Asamai Mandir Trust (London) Limited**
## **Notes to the Financial Statements for the Year Ended 31 May 2024**
## **1 Charity status**
The charity is limited by share capital, incorporated in .
The address of its registered office is: 15 Taywood Road Northolt Middlesex
UB5 6GB
Authorised for issue date
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
## **Basis of preparation**
Asamai Mandir Trust (London) Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## _**Donated services and facilities**_
Where services or facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at it's fair value unless it's fair value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be sold.
Page 9
## **Asamai Mandir Trust (London) Limited**
## **Notes to the Financial Statements for the Year Ended 31 May 2024**
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Page 10
## **Asamai Mandir Trust (London) Limited**
## **Notes to the Financial Statements for the Year Ended 31 May 2024**
## **3 Income from donations and legacies**
|Regular giving and capital donations
Donated services and facilities
**4**
**Expenditure on charitable activities**
**Note**
Governance costs
5|**Unrestricted**
**funds**
**General**
**£**
115,370
1,100
116,470
**Unrestricted**
**funds**
**General**
**£**
26,900|**Total**
**2024**
**£**
115,370
1,100
116,470
**Total**
**2024**
**£**
26,900|**Total**
**2023**
**£**
133,185
-|
|---|---|---|---|
||||133,185|
||||**Total**
**2023**
**£**
26,186|
## **5 Analysis of governance and support costs**
## **Governance costs**
|Audit fees
Other fees paid to auditors
Other governance costs|**Unrestricted**
**funds**
**General**
**£**
900
26,000
26,900|**Total**
**2024**
**£**
900
26,000
26,900|**Total**
**2023**
**£**
300
25,886|
|---|---|---|---|
||||26,186|
Page 11
## **Asamai Mandir Trust (London) Limited**
## **Notes to the Financial Statements for the Year Ended 31 May 2024**
## **6 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **7 Tangible fixed assets**
|**Cost**
At 1 June 2023
At 31 May 2024
**Depreciation**
At 1 June 2023
At 31 May 2024
**Net book value**
At 31 May 2024
At 31 May 2023
**8**
**Cash and cash equivalents**
Cash at bank
Short-term deposits
**9**
**Creditors: amounts falling due within one year**
Other creditors
Accruals
**10 Funds**
**Balance at 1**
**June 2023**
**£**
**Unrestricted funds**
General
2,163,247||**Land and**
**buildings**
**£**
1,334,258||**Furniture and**
**equipment**
**£**
**Total**
**£**
11,851
1,346,109
11,851
1,346,109
11,850
11,850
11,850
11,850
1
1,334,259
1
1,334,259
**2024**
**£**
**2023**
**£**
18,968
8,586
860,000
821,002
878,968
829,588
**2024**
**£**
**2023**
**£**
1
-
1,200
600
1,201
600
**Resources**
**expended**
**£**
**Balance at 31**
**May 2024**
**£**
(101,405)
2,212,026|**Furniture and**
**equipment**
**£**
**Total**
**£**
11,851
1,346,109
11,851
1,346,109
11,850
11,850
11,850
11,850
1
1,334,259
1
1,334,259
**2024**
**£**
**2023**
**£**
18,968
8,586
860,000
821,002
878,968
829,588
**2024**
**£**
**2023**
**£**
1
-
1,200
600
1,201
600
**Resources**
**expended**
**£**
**Balance at 31**
**May 2024**
**£**
(101,405)
2,212,026|**Total**
**£**
1,346,109
1,346,109
11,850
11,850
1,334,259
1,334,259
**2023**
**£**
8,586
821,002|
|---|---|---|---|---|---|---|
|||1,334,258||11,851|||
|||-||11,850|||
|||-||11,850|||
|||1,334,258||1|||
|||1,334,258||1|||
|||**Incoming**
**resources**
**£**
150,184||**2024**
**£**
18,968
860,000
878,968
**2024**
**£**
1
1,200
1,201
**Resources**
**expended**
**£**
(101,405)|||
|||||||829,588|
|||||||**2023**
**£**
-
600|
|||||||600|
||||||**Balance at 31**
**May 2024**
**£**
2,212,026||
Page 12
## **Asamai Mandir Trust (London) Limited**
## **Notes to the Financial Statements for the Year Ended 31 May 2024**
|**Unrestricted funds**
General|**Balance at 1**
**June 2022**
**£**
2,058,002|**Incoming**
**resources**
**£**
131,431|**Resources**
**expended**
**£**
(26,186)|**Balance at 31**
**May 2023**
**£**
2,163,247|
|---|---|---|---|---|
## **11 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets
**12 Analysis of net funds**
Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt|**At 1 June**
**2023**
**£**
829,588
829,588
**At 1 June**
**2022**
**£**
724,343
724,343||**Unrestricted**
**funds**
**General**
**£**
1,334,259
878,968
(1,201)
2,212,026
**Unrestricted**
**funds**
**General**
**£**
1,334,259
829,588
(600)
2,163,247
**Financing**
**cash flows**
**£**
(829,588)
(829,588)
**Financing**
**cash flows**
**£**
(724,343)
(724,343)|**Total funds**
**£**
1,334,259
878,968
(1,201)|
|---|---|---|---|---|
|||||2,212,026|
|||||**Total funds**
**£**
1,334,259
829,588
(600)|
|||||2,163,247|
|||||**At 31 May**
**2024**
**£**
-|
|||||-|
|||||**At 31 May**
**2023**
**£**
-|
|||||-|
Page 13
## **Asamai Mandir Trust (London) Limited**
## **Statement of Financial Activities by fund for the Year Ended 31 May 2024**
## **Unrestricted funds**
**Income and Endowments from:**
**Expenditure on:** Net income/(expenditure) **Reconciliation of funds**
Total funds carried forward
Page 14
## **Asamai Mandir Trust (London) Limited**
## **Detailed Statement of Financial Activities for the Year Ended 31 May 2024**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Investment income (analysed below)
Other income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**2024**
**Unrestricted**
**funds**
**General**
**£**
116,470
5,664
28,050
150,184
(74,505)
(26,900)
(101,405)
48,779
48,779
2,163,247
2,212,026|**2024**
**Total**
**£**
116,470
5,664
28,050
150,184
(74,505)
(26,900)
(101,405)
48,779
48,779
2,163,247
2,212,026|**Total**
**2023**
**£**
133,185
1,705
(3,459)|
|---|---|---|---|
||||131,431|
||||-
(26,186)|
||||(26,186)|
||||105,245|
||||105,245
2,058,002|
||||2,163,247|
Page 15
## **Asamai Mandir Trust (London) Limited**
## **Detailed Statement of Financial Activities for the Year Ended 31 May 2024**
|**_Donations and legacies_**
Committed giving
Building funds
**_Investment income_**
Interest on cash deposits
**_Other income_**
Rental income
Other income
**_Raising funds_**
Building repairs|**2024**
**Unrestricted**
**funds**
**General**
**£**
115,370
1,100
116,470
**2024**
**Unrestricted**
**funds**
**General**
**£**
5,664
5,664
**2024**
**Unrestricted**
**funds**
**General**
**£**
-
28,050
28,050
**2024**
**Unrestricted**
**funds**
**General**
**£**
(74,505)
(74,505)|**2024**
**Total**
**£**
115,370
1,100
116,470
**2024**
**Total**
**£**
5,664
5,664
**2024**
**Total**
**£**
-
28,050
28,050
**2024**
**Total**
**£**
(74,505)
(74,505)|**Total**
**2023**
**£**
133,185
-|
|---|---|---|---|
||||133,185|
||||**Total**
**2023**
**£**
1,705|
||||1,705|
||||**Total**
**2023**
**£**
91
(3,550)|
||||(3,459)|
||||**Total**
**2023**
**£**
-|
||||-|
Page 16
## **Asamai Mandir Trust (London) Limited**
## **Detailed Statement of Financial Activities for the Year Ended 31 May 2024**
|**_Charitable activities_**
Rates
Water rates
Light, heat and power
Insurance
Repairs and maintenance
Telephone and fax
Sundry expenses
Cleaning
Accountancy fees
Bank charges|**2024**
**Unrestricted**
**funds**
**General**
**£**
(1,495)
(1,441)
(14,323)
(2,571)
(2,404)
(403)
(99)
(3,000)
(900)
(264)
(26,900)|**2024**
**Total**
**£**
(1,495)
(1,441)
(14,323)
(2,571)
(2,404)
(403)
(99)
(3,000)
(900)
(264)
(26,900)|**Total**
**2023**
**£**
(1,573)
(695)
(13,631)
(2,299)
(5,000)
(380)
(1,627)
-
(300)
(681)|
|---|---|---|---|
||||(26,186)|
Page 17