Registered Charity Number : 1126064 ## **ARKA MAHAGANAPATHY** FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page 1 of 8 ## **ARKA MAHAGANAPATHY** ## **LEGAL AND ADMINISTRATIVE INFORMATION** FOR THE YEAR ENDED 31 JULY 2024 **Trustees Charity Number Company Number Registered Office Independent Examiner** Mahaguru Yogi Arka Dharmesh Kotecha Rakhee Kotecha Priya Yogarajah Bihari Magdani Mandaleswaran Rajeswaran 1126064 06304828 Coppersun Suite Building 2, Floor 1 Croxley Park WD18 8YA Sivakumar Pearenpanathan 7 Village Way East Harrow HA2 7LX Page 2 of 8 ## **ARKA MAHAGANAPATHY** ## **CONTENTS** FOR THE YEAR ENDED 31 JULY 2024 Trustees' Report Statement of Finanical Activities Balance Sheet Notes to the Financial Statements Page 3 of 8 ## **ARKA MAHAGANAPATHY** ## **TRUSTEES' REPORT** ## FOR THE YEAR ENDED 31 JULY 2024 The trustees present their annual report and financial statements for the year ended 31 July 2024 . ## **Trustees' report and financial statements** 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 31 July 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). ## **Trustees** The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mahaguru Yogi Arka Dharmesh Kotecha Rakhee Kotecha Priya Yogarajah Bihari Magdani Mandaleswaran Rajeswaran ## **Trustees' responsibilities statement** The trustees, who are also the directors of Charity For Arka Mahaganapathy for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements 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, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then 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 charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustee and signed on its behalf by: ## dharmesh kotecha ---------------------------------------------------Dharmesh Kotecha Trustee Date : 26 May 2025 Page 4 of 8 ## **ARKA MAHAGANAPATHY** ## **STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 31 JULY 2024 |**Recommended**
**categories by activity**
**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Raising funds
3
Charitable activities
4
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**£**
102,777.00
**102,777.00**
1,007.00
135,623.00
**136,630.00**
**(33,853.00)**
**(33,853.00)**
35,793.00
**1,940.00**|**Total Funds**
**2024**
**£**
102,777.00
**102,777.00**
1,007.00
135,623.00
**136,630.00**
**(33,853.00)**
**(33,853.00)**
35,793.00
**1,940.00**|**Total Funds**
**2023**
**£**
24,800.00| |---|---|---|---| ||||**24,800.00**| ||||3,203.00
28,171.00| ||||**31,374.00**| ||||**(6,574.00)**| ||||**(6,574.00)**
42,367.00| ||||**35,793.00**| Page 5 of 8 ## **ARKA MAHAGANAPATHY** ## **BALANCE SHEET** FOR THE YEAR ENDED 31 JULY 2024 |**Recommended categories by**
**activity**
**Notes**
Current assets
Cash at bank and in hand
5
**Total current assets**
Creditors: amounts falling due
within one year
6
**Net current assets/(liabilities)**
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
7
Restricted income funds
7
Endowment funds
7
**Total funds**|**Total Funds 2024**
**£**
1,940.00
**1,940.00**
-
**1,940.00**
**1,940.00**
1,940.00
-
-
**1,940.00**|**Total Funds 2023**
**£**
41,794.00
**41,794.00**
6,001.00
**35,793.00**| |---|---|---| |||**35,793.00**| |||35,793.00
-
-| |||**35,793.00**| For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 26 May 2025 and signed on its behalf by: ## dharmesh kotecha Dharmesh Kotecha Trustee Date : 26 May 2025 Page 6 of 8 ## **ARKA MAHAGANAPATHY** ## **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 JULY 2024 ## **1. Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **1.1 Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## **1.2 Going concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **2. Income from Donations and Legacies** |**Analysis**
**Unrestricted funds**
**Total funds 2024**
**£**
**£**
Donation and gifts
102,777.00
102,777.00
**102,777.00**
**102,777.00**
**3. Expenditure on Raising Funds**
**Analysis**
**Total funds 2024**
**£**
Advertising, marketing, direct mail and publicity
225.00
Rent collection, property repairs and
maintenance charges
782.00
**1,007.00**
**4. Expenditure on Charitable Activities**
**Analysis**
**Total funds 2024**
**£**
Bank charges
220.00
Charity management & administration
692.00
Cost of services
134,711.00
**135,623.00**
**5. Cash at bank and in hand**
**Total funds 2024**
**£**
Cash at bank and in hand
1,940.00
**1,940.00**|**Total funds 2023**
**£**
24,800.00|**Total funds 2023**
**£**
24,800.00| |---|---|---| |||**24,800.00**| ||**Total funds 2023**
**£**
493.00
2,710.00
**3,203.00**
**Total funds 2023**
**£**
157.00
527.00
27,487.00
**28,171.00**
**Total funds 2023**
**£**
41,794.00
**41,794.00**|| Page 7 of 8 ## **6. Creditors: Amounts falling due within one year** |||||**Total funds**|**2024**|**Total funds 2023**|**Total funds 2023**| |---|---|---|---|---|---|---|---| ||||||**£**||**£**| |Other creditors|||||-||6,001.00| ||||||**-**||**6,001.00**| |**. Charity funds**|||||||| |**.1 Details of**|**material funds**||**held and movements during the CURRENT reporting**||||| |**eriod**|||||||| |**Fund names**|**Fund**|**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Transfers**|**Gains**
**and**
**losses**|**Fund**
**balances**
**carried**
**forward**| |||**£**|**£**|**£**|**£**|**£**|**£**| |**Unrestricted**|||||||| |**funds**|||||||| |||**35,793.00**|**102,777.00**|**136,630.00**|**-**|**-**|**1,940.00**| |**Total**||**35,793.00**|**102,777.00**|**136,630.00**|**-**|**-**|**1,940.00**| |**.2 Details of**|**material funds**||**held and movements during the PREVIOUS reporting**||||| |**eriod**|||||||| |**Fund names**|**Fund**|**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Transfers**|**Gains**
**and**
**losses**|**Fund**
**balances**
**carried**
**forward**| |||**£**|**£**|**£**|**£**|**£**|**£**| |**Unrestricted**|||||||| |**funds**|||||||| |||**42,367.00**|**24,800.00**|**31,374.00**|**-**|**-**|**35,793.00**| |**Total**||**42,367.00**|**24,800.00**|**31,374.00**|**-**|**-**|**35,793.00**| ## **7. Charity funds** ## **7.1 Details of material funds held and movements during the CURRENT reporting period** **7.2 Details of material funds held and movements during the PREVIOUS reporting period** ## **7.3 Transfers between funds** **This Year** ||**Amount**| |---|---| ||**£**| |Between unrestricted and restricted funds|-| |Between endowment and restricted funds|-| |Between endowment and unrestricted funds|-| |**Last Year**|| ||**Amount**| ||**£**| |Between unrestricted and restricted funds|-| |Between endowment and restricted funds|-| |Between endowment and unrestricted funds|-| Page 8 of 8 Independent examiner's report on the accounts Sectlon A Independent Examlner's Report Report to the trustees On accounts for the year ended 31 July 2024 Charity no (if any) 1126064 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust.) for the year ended Responslbllltles and basls of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceriiing the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 lo enable a proper understanding of the accounts to be reached. Slgned: Date: 28. May 2025 Name: Sivakumar PEARENPANATHAN Relevant professional qualification(s) or body (if any): Member of the Institute of Financial Accountants Sahg Awnllng Serv11￿5 Lld Way Easl Address: 7 Village Way East, Hatrcm Middle5ex IER Oct 2018 Harrow. Middlesex HA2 7LX Section B Disclosure Only complete if the examiner needs to highlight material Inatters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Glve here brief details of any items that the examiner wishes to dlsclose. Not Applicable IER Oct 2018