REGISTERED COMPANY NUMBER: 6767140 (England and Wales) REGISTERED CHARITY NUMBER: 1128649 SCOTTISH REGISTERED CHARITY NUMBER: SCO38615
SHRI RAM CHANDRA MISSION UK
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
SHRI RAM CHANDRA MISSION UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 14 |
| Detailed Statement of Financial Activities | 15 |
SHRI RAM CHANDRA MISSION UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
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 December 2021. 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
Objectives and aims
The objective of the Mission is to protect and preserve the public health through the practice of the Sahaj Marg system of meditation, now also known as Heartfulness (HFN).
Significant activities
The company's principal activities are:
-
Establish meditation centres for practitioners of Sahaj Marg/Heartfulness within the United Kingdom.
-
Work in partnership with Shri Ram Chandra Mission Ireland (an Irish Charity having similar objectives).
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Facilitate meditation, study groups, retreats and public information open days in established Shri Ram Chandra Mission/Heartfulness centres. Increasingly, meditation is also offered through online platforms and various social media channels.
-
Facilitation and introduction of members of the public in the system of Sahaj Marg/Heartfulness Meditation.
-
Disseminate Shri Ram Chandra Mission/Heartfulness literature and information of the charity to its members and the public throughout the United Kingdom.
-
Offering Heartfulness relaxation and meditation through various channels to accommodate unprecedented circumstances.
Volunteers
The Mission has been dependent on the services of volunteers to carry out its objectives. The volunteers gave their time free of charge and it was not possible to quantify the benefit arising to the company. The directors wish to express their deep gratitude to those who gave of their service in this way.
A Volunteers training programme is updated every year with any new policies and volunteers are required to complete the training every year to ensure that they are up to date.
ACHIEVEMENT AND PERFORMANCE
Achievements and Performance
Funding and charity management
2021 was another extraordinary year due to Covid-19. All the Heartspots centres around the UK remained closed. We were still able to meet all our administrative costs including the maintenance of the London Meditation Centre.
Meditation Centres and Groups
London Centre: SRCM UK purchased a long-term lease (990 year) in February 2012 on premises in Stratford, London. These premises were converted to form an ashram (spiritual centre) for use by practitioners in the UK and Ireland. The purchase was funded by savings and donations from within the UK and also from other donors in SRCM centres around the world.
During 2020, in response to the restrictions created by the pandemic, we developed new online methods to meet the needs of our practitioners and people looking to support their wellbeing. In 2021 we still weren't able to open centres and so we developed more and different online approaches.
Several activities were developed together with our sister organisations in Europe and other part of the world. UK practitioners played a key role, particularly in training activities.
Volunteer-led modules and workshops dealing with stress were popular and online training sessions followed by meditation and insightful discussion were well attended.
Page 1
SHRI RAM CHANDRA MISSION UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
ACHIEVEMENT AND PERFORMANCE Meditation Centres and Groups
Expansion
Local centres, known as Heartspots continued to offer online meditation and training sessions on a regular, usually weekly, basis and many new people started the practice online. Many volunteers are now trained to present Heartfulness online. All are required to undertake an online training programme developed for volunteers working with the public. During 2021 training webinars for meditators and meditation trainers took place focussing on personal wellbeing and continuing development.
HFN UK Noticeboard (WhatsApp) provides one place for all official and relevant messages from HFN UK only, and without a chat element. The messages shared are checked for authenticity, accuracy and relevance, times and dates are for UK (or have UK details immediately below). Messages shared from outside UK may be revised to ensure the content and tone of the message is appropriate for a UK audience (language, spelling, cultural nuances etc.)
The weekly UK newsletter has seen continuous improvement to make it attractive and easy to read. It is sent out by email at 7pm every Friday and copied to local WhatsApp groups to maximise its reach. All newsletters can be viewed in the archive at our website.
Heartfulness Outreach Activities
SRCM UK promotes Heartfulness Meditation to the wider public at health and wellbeing exhibitions, events and in businesses, universities, hospitals (for staff) and community venues and now provides online meditation and wellbeing sessions for business organisations and Universities. All the sessions in 2021 were online.
In January 2021 an online National wellbeing event called Rejuvenate, Reconnect, Revitalise took place over three days. This was led by the South West, South of England and Scottish regions inviting the public to start the new year in a positive frame of mind. This event was co-presented by Heartfulness practitioner Dr Snehal Deshpande, health and wellbeing expert Luke Coutinho and the global guide of Heartfulness Mr Kamlesh Patel also known as Daaji. The event was attended by around 800-900 participants.
A series of online workshops on the Science of Meditation was conducted twice a week by trained volunteers for all Heartfulness practitioners. Topics included resilience, joy, decision making, and happiness, with sessions attracting up to thirty practitioners.
Corporate and community sessions led by trained volunteers were provided to several established organisations including Rolls Royce, 2020Spaces, Johnson Matthey, TVS Manchester, South Hook LNG, Oracle, New Statesman, Lenovo, and Davies group. Corporate sessions continue in Scotland for staff at COPFS (Crown Office and Procurator Fiscals Service). The high quality of the programme content and materials contributed to the significant numbers attending these sessions.
Funding and charity management
Most operational expenses of centres have been met by voluntary donations from practitioners. Donations have been received by standing orders or online transfers. Most funds for the charity are from UK practitioners.
We also ran one fund raising campaign called "30 Days of Fitness" using the Give As You Live platform which raised £2,676.
FINANCIAL REVIEW
Principal funding sources
The company's activities and developments are dependent upon funding from two main sources, donations and events. During 2021 there were no physical events which reduced our anticipated donations.
Reserves policy
It is the policy of the Mission to maintain unrestricted reserves, i.e. unrestricted funds not committed or invested in fixed assets, at a level which equates to at least four to six months annual income.
Funds in deficit
There were no funds in deficit at the year end.
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SHRI RAM CHANDRA MISSION UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
FINANCIAL REVIEW
Results for the year
The Statement of Financial Activities on page 6 reflects a surplus of £13,330 (2020 - deficit of £11,452). The net assets of the company at the year end were £1,477,475 (2020 - £1,464,145).
FUTURE DEVELOPMENTS
Several projects are under discussion including reopening meditation centres and all of this is subject to the changing Covid landscape.
STRUCTURE, GOVERNANCE AND MANAGEMENT Status of Charity Governing document
The charity is controlled by its governing document (Memorandum and Articles) and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Shri Ram Chandra Mission UK ("the Mission") is a company limited by guarantee, company number 6767140. The company, also known as SRCM UK and now trading/working as Heartfulness UK, is registered in England and Scotland as a charity (Charity Commission No. 1128649, OSCR No. SCO38615). The mission is governed by its Memorandum and Articles of Association.
Recruitment and appointment of directors
Directors are appointed for a fixed term of 4 years but can be re-appointed after this period. New directors are appointed at the discretion of the company, approved by a majority in a board of directors' meeting. The Mission's values, aims and objectives are explained to new directors, as well as its day-to-day operations. The statutory responsibilities of directors are also outlined according to the Memorandum and Articles of Association.
Updating the charity's policies
During 2021 some updates were made to the UK communications policy, including relevant details from the global communications policy.
All relevant policies and codes of conduct are also displayed on the UK website for viewing by the general public.
Administrative Structure
The directors of the Mission are responsible for the overall administration of the company. An Executive Committee i.e. the Vice-President, Secretary, Assistant Secretaries, and Treasurer oversees the day-to-day operations of the Mission. Trainers and Heartspot Coordinators support the work of the Executive Committee in the UK.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
6767140 (England and Wales)
Registered Charity number
1128649
Registered office
27 Sullivan Road Tonbridge TN10 4DD
Trustees
M A Barnes K Devlin J Nelson R J Pearmain K Rengarajan H M O Connor P Srivastava T Rathod V Desvigne
Page 3
SHRI RAM CHANDRA MISSION UK REPOIIT OF THE4 TRUSTEIS FOR THE YEAR ENDED 31 DECEMBER 2021 REI FERENCE AND ADMINISTRATIVI DETAILS Company Secretary T Rathod Independent Examiner Willilun Vernall Milne Cr<iig Chartered Accountants Abercorn House 79 Renfrew Road Paisley Renfrewsliire PA3 4DA Solicitors Potter Owtr<lln & Peck 42 West Street H<lemere Surrey GU27 2AN Bankers Metrobdnk One South(llnpton Row London WCIB SHA Approved by order of the board of trustees on . T R<ithod - Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHRI RAM CHANDRA MISSION UK
I report on the accounts for the year ended 31 December 2021 set out on pages six to fourteen.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention :
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
-
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
William Vernall Milne Craig Chartered Accountants Abercorn House 79 Renfrew Road Paisley Renfrewshire PA3 4DA
Date: 22 September 2022
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SHRI RAM CHANDRA MISSION UK
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities Protection and preservation of public health Investment income 3 Total EXPENDITURE ON Charitable activities 5 Protection and preservation of public health Other 7 Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted £ 64,779 2,676 1,172 68,627 23,163 3,555 26,718 41,909 345,225 387,134 |
Restricted £ - - - - - 28,579 28,579 (28,579) 1,118,920 1,090,341 |
2021 Total funds £ 64,779 2,676 1,172 68,627 23,163 32,134 55,297 13,330 1,464,145 1,477,475 |
2020 Total funds £ 49,486 3,618 248 53,352 31,557 33,247 64,804 (11,452) 1,475,597 1,464,145 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 6
SHRI RAM CHANDRA MISSION UK BALANCE SHEET 31 DECEMBER 2021 2021 2020 Notes FIXED ASSETS Tangible assets 11 1,120,210 1,150,125 CURRENT ASSETS Debtors Cash at bank and in hand 12 23,279 336 206 18,930 297 310 359,485 316,240 CRIDITORS Amounts falling due within one year 13 (2,220) (2,220) NET CURRENT ASSII TS 357 265 314 020 TOTAL ASSETS LESS CURRENT LIABILITIES 1,477,475 1,464,145 NET ASSETS 1477 475 1464.145 FUNDS Unrestricted funds Restricted funds 15 387,134 1.090,341 345,225 1,118,920 TOTAL FUNDS 1477 475 1464 145 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year 11 11 11 11 ended 31 December 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for 41 (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing fmancial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fmancial year and of its surplus or deficit for each fll]ancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act (b) 11 11 2006 relating to financial statements, so far as applicable to the charitable company. 11 These fllLqncial statements have been prepared in accordance with the provisions applicable to charitable companies 11 subject to the small companies regime. The fmancial statements were approved by tlie Board of Trustees and authorised for issue on .la4&7.>Plf..r.1Q1z . and were signed on its behalf by: T Rathod - Trustee REGISTERED COMPANY NUMBER: 6767140 (England and Wales) The notes forn] part of these fmancial statements Page 7
SHRI RAM CHANDRA MISSION UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 presentation currency of the financial statements is pounds sterling (£).
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on reducing balance
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
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SHRI RAM CHANDRA MISSION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. DONATIONS AND LEGACIES
| Unrestricted Restricted funds funds £ £ Donations 60,430 - Gift aid 4,349 - 64,779 - 3. INVESTMENT INCOME Unrestricted Restricted funds funds £ £ Interest received 1,172 - 4. INCOME FROM CHARITABLE ACTIVITIES Activity Income from events Protection and preservation of public health Sale of books Protection and preservation of public health 5. CHARITABLE ACTIVITIES COSTS Protection and preservation of public health 6. DIRECT COSTS OF CHARITABLE ACTIVITIES Other operating leases Rates and water Insurance Light and heat Telephone Sundries Purchase of books Property maintenance Heartfulness event costs IT software and consumables |
2021 2020 Total Total funds funds £ £ 60,430 44,056 4,349 5,430 64,779 49,486 2021 2020 Total Total funds funds £ £ 1,172 248 2021 2020 £ £ 500 2,914 2,176 704 2,676 3,618 Direct Costs (see note 6) £ 23,163 2021 2020 £ £ 4,109 8,024 8,778 8,765 1,138 1,016 1,272 3,981 404 403 103 137 2,747 925 819 2,759 450 2,284 3,343 3,263 23,163 31,557 |
|---|---|
continued...
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SHRI RAM CHANDRA MISSION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
7. OTHER
| Unrestricted Restricted funds funds £ £ Accountancy fees 2,219 - Depreciation 1,336 28,579 3,555 28,579 |
2021 Total funds £ 2,219 29,915 32,134 |
2020 Total funds £ 2,589 30,658 |
|---|---|---|
| 33,247 |
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets Other operating leases |
2021 £ 29,915 4,109 |
2020 £ 30,658 8,024 |
|---|---|---|
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no expenses reimbursed to trustees in the current or previous year.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Protection and preservation of public health Investment income Total EXPENDITURE ON Charitable activities Protection and preservation of public health Other Total NET INCOME/(EXPENDITURE) |
Unrestricted £ 49,486 3,618 248 53,352 31,557 4,168 35,725 17,627 |
Restricted £ - - - - - 29,079 29,079 (29,079) |
Total funds £ 49,486 3,618 248 53,352 31,557 33,247 64,804 (11,452) |
|---|---|---|---|
continued...
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SHRI RAM CHANDRA MISSION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted Restricted £ £ RECONCILIATION OF FUNDS Total funds brought forward 327,598 1,147,999 TOTAL FUNDS CARRIED FORWARD 345,225 1,118,920 11. TANGIBLE FIXED ASSETS Fixtures Long and Computer leasehold fittings equipment £ £ £ COST At 1 January 2021 and 31 December 2021 1,384,501 59,894 708 DEPRECIATION At 1 January 2021 243,271 51,020 687 Charge for year 27,690 2,218 7 At 31 December 2021 270,961 53,238 694 NET BOOK VALUE At 31 December 2021 1,113,540 6,656 14 At 31 December 2020 1,141,230 8,874 21 12. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 £ Income tax recoverable 23,279 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Accruals and deferred income 2,220 |
Total funds £ 1,475,597 1,464,145 Totals £ 1,445,103 294,978 29,915 324,893 1,120,210 1,150,125 2020 £ 18,930 2020 £ 2,220 |
Total funds £ 1,475,597 1,464,145 Totals £ 1,445,103 294,978 29,915 324,893 1,120,210 1,150,125 2020 £ 18,930 2020 £ 2,220 |
|
|---|---|---|---|
continued...
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SHRI RAM CHANDRA MISSION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed assets Current assets Current liabilities |
Unrestricted £ 29,869 359,485 (2,220) 387,134 |
Restricted £ 1,090,341 - - 1,090,341 |
2021 Total funds £ 1,120,210 359,485 (2,220) 1,477,475 |
2020 Total funds £ 1,150,125 316,240 (2,220) 1,464,145 |
|---|---|---|---|---|
15. MOVEMENT IN FUNDS
| Unrestricted funds General Fund Designated Assets Fund Restricted funds Ashram Property Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General Fund Designated Assets Fund Restricted funds Ashram Property Fund TOTAL FUNDS |
At 1/1/21 £ 314,019 31,206 345,225 1,118,920 1,464,145 Incoming resources £ 68,627 - 68,627 - 68,627 |
Net movement in funds £ 43,245 (1,336) 41,909 (28,579) 13,330 Resources expended £ (25,382) (1,336) (26,718) (28,579) (55,297) |
At 31/12/21 £ 357,264 29,870 387,134 1,090,341 1,477,475 Movement in funds £ 43,245 (1,336) 41,909 (28,579) 13,330 |
|---|---|---|---|
continued...
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SHRI RAM CHANDRA MISSION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General Fund Designated Assets Fund Restricted funds Ashram Property Fund TOTAL FUNDS |
At 1/1/20 £ 294,813 32,785 327,598 1,147,999 1,475,597 |
Net movement in funds £ 19,206 (1,579) 17,627 (29,079) (11,452) |
At 31/12/20 £ 314,019 31,206 345,225 1,118,920 1,464,145 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 53,352 | (34,146) | 19,206 |
| Designated Assets Fund | - | (1,579) | (1,579) |
| 53,352 | (35,725) | 17,627 | |
| Restricted funds | |||
| Ashram Property Fund | - | (29,079) | (29,079) |
| TOTAL FUNDS | 53,352 | (64,804) | (11,452) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General Fund Designated Assets Fund Restricted funds Ashram Property Fund TOTAL FUNDS |
At 1/1/20 £ 294,813 32,785 327,598 1,147,999 1,475,597 |
Net movement in funds £ 62,451 (2,915) 59,536 (57,658) 1,878 |
At 31/12/21 £ 357,264 29,870 387,134 1,090,341 1,477,475 |
|---|---|---|---|
continued...
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SHRI RAM CHANDRA MISSION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 121,979 | (59,528) | 62,451 |
| Designated Assets Fund | - | (2,915) | (2,915) |
| 121,979 | (62,443) | 59,536 | |
| Restricted funds | |||
| Ashram Property Fund | - | (57,658) | (57,658) |
| TOTAL FUNDS | 121,979 | (120,101) | 1,878 |
The General Fund encompasses all income and expenditure relating to the primary focus activities of the company, other than those for which funding is restricted.
The Designated Assets Fund represents the net book value of the company's fixed assets, distinguishing their value from unrestricted funds immediately available for use.
The Ashram Property Fund is a restricted fund which represents the purchase and refurbishment of leasehold property for the use as an ashram.
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
17. LIABILITY OF MEMBERS
The company is limited by guarantee and has no share capital. The liability of each member in the event of winding up the company is limited to £1. At 31 December 2021 there were 9 members (31 December 2020: 9).
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SHRI RAM CHANDRA MISSION UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 60,430 | 44,056 |
| Gift aid | 4,349 | 5,430 |
| 64,779 | 49,486 | |
| Investment income | ||
| Interest received | 1,172 | 248 |
| Charitable activities | ||
| Income from events | 500 | 2,914 |
| Sale of books | 2,176 | 704 |
| 2,676 | 3,618 | |
| Total incoming resources | 68,627 | 53,352 |
| EXPENDITURE | ||
| Charitable activities | ||
| Other operating leases | 4,109 | 8,024 |
| Rates and water | 8,778 | 8,765 |
| Insurance | 1,138 | 1,016 |
| Light and heat | 1,272 | 3,981 |
| Telephone | 404 | 403 |
| Sundries | 103 | 137 |
| Purchase of books | 2,747 | 925 |
| Property maintenance | 819 | 2,759 |
| Heartfulness event costs | 450 | 2,284 |
| IT software and consumables | 3,343 | 3,263 |
| 23,163 | 31,557 | |
| Other | ||
| Accountancy fees | 2,219 | 2,589 |
| Long leasehold | 27,690 | 27,690 |
| Fixtures and fittings | 2,218 | 2,958 |
| Computer equipment | 7 | 10 |
| 32,134 | 33,247 | |
| Total resources expended | 55,297 | 64,804 |
| Net income/(expenditure) | 13,330 | (11,452) |
This page does not form part of the statutory financial statements
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