| Reference and Administrative Details |
Reference and Administrative Details |
|
|---|---|---|
| Trustees' Report | 2 to 8 | |
| Statement ofTrustees' | Responsibilities | |
| Independent Auditors' |
Report | 10to 13 |
| Statement ofFinancial | Activities | 14to 15 |
| Balance Sheet | 16 | |
| Notes to the Financial | Statements | 17to 33 |
| Trustees' Report | Trustees' Report | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | Balance as at 31.12.22 |
Balance as at 31.12.21 |
||||||||
| Property fund |
K310,200 | This reserve represents funds ring-fenced for future property |
that have purchases. |
been | ||||||
| Nitya Seva | K8,000 | K8,000 | ||||||||
| This was set | up with donations | Irom | Mr. | Martin | ||||||
| Benevolent | fund | E16,195 | KI6,195 | Hayes and devotees in |
Ms. Jaqueline Raymen dire need, especially |
to our |
assist temple |
|||
| residents. | ||||||||||
| Restaurant refurbishment |
f.90,000 | 266,000 | The reserve increased by future refurbishments, |
624,000 to help | with | |||||
| Diety refurbishment | f91,000 | Z67,000 | The reserve increased by future refurbishment. |
624,000 to help | with | |||||
| New temple | fund | f126,804 | f126,804 | No change fiom previous | year. | |||||
| Other funds | E2,162,603 | $1,974,296 | ||||||||
| Total reserves | K2,804,802 | K2,413,295 |
| Unrestricted | Total | |||||
|---|---|---|---|---|---|---|
| funds | Restricted funds | 2022 | ||||
| Note | f | |||||
| Income and Endowments | from: | |||||
| Donations and legacies |
586,888 | 586,888 | ||||
| Charitable activities |
544,105 | 544,105 | ||||
| Trading activities | 1,320,678 | 1,320,678 | ||||
| Investinent income |
35,333 | 35,333 | ||||
| Other income | 6283 | 6,283 | ||||
| Total income | 2,493,287 | 2 493 287 | ||||
| Expenditure on: |
||||||
| Raising funds | (324,160) | (324,160) | ||||
| Charitable activities |
(876,122) | (876,122) | ||||
| Trading activities | (881,452) | (881,452) | ||||
| Investment properties |
20 046 | 20 046 | ||||
| Total expenditure | (2,101,780) | (2,101,780) | ||||
| Gains/losses on investment |
assets | |||||
| Net income | 391,507 | 391,507 | ||||
| Net movement in funds |
391,507 | 391,507 | ||||
| Reconciliation offunds |
||||||
| Total funds brought | forward | 2 286491 | 126 804 | 2,413295 | ||
| Total funds carried forward | 20 | 2 677 998 | 126,804 | 2,804,802 |
| (As restated) | (As restated) | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| funds | Restricted funds | 2021 | ||||
| Note | ||||||
| Income and Endowments | from: | |||||
| Donations and legacies |
685,770 | 685,770 | ||||
| Charitable activities |
442,485 | 442,485 | ||||
| Trading activities | 606,815 | 606,815 | ||||
| Investment income |
33,956 | 33,956 | ||||
| Other income | 199,638 | 199,638 | ||||
| Total income | 1,968,664 | 1,968,664 | ||||
| Expenditure on: |
||||||
| Raising funds | (363,305) | (363,305) | ||||
| Charitable activities |
(610,399) | (610,399) | ||||
| Trading activities | (524,251) | (524,251) | ||||
| Investment properties |
32 388 | 32388 | ||||
| Total expenditure | (1,530,343) | (1,530,343) | ||||
| Gains/losses on investment |
assets | 32 500 | 32500 | |||
| Net income | 405 821 | 405 821 | ||||
| Net movement in funds |
405,821 | 405,821 | ||||
| Reconciliation offunds |
||||||
| Total funds brought | forward | 1,880 670 | 126,804 | 2,007474 | ||
| Total funds carried | forward | 20 | 2,286,491 | 126,804 | 2,413,295 |
| Balance Sheet as at 31D | ecember 20 | 22 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | |||||
| Fixed assets | |||||
| Tangible assets | 13 | 980,888 | 963,585 | ||
| Investments | 14 | 535,643 | 535,643 | ||
| 1,516531 | 1499228 | ||||
| Current assets |
|||||
| Stocks | 15 | 86,736 | 62,180 | ||
| Debtors | 16 | 391,489 | 368,106 | ||
| Cash at bank | and in hand | 1,254,289 | 1,035,379 | ||
| 1,732,514 | 1,465,665 | ||||
| Creditors: Amounts | falling due within one year | 17 | 444,243 | 346,007 | |
| Net current | assets | 1,288,271 | 1,119658 | ||
| Total assets | less current liabilities | 2,804,802 | 2,618,886 | ||
| Creditors: Amounts | falling due after more than one year | 18 | 205 591 | ||
| Net assets | 2,804,802 | 2,413,295 | |||
| Funds ofthe | charity: | ||||
| Restricted income funds |
|||||
| Restricted funds | 20 | 126,804 | 126,804 | ||
| Unrestricted | income | funds | |||
| Unrestricted | funds | 2677998 | 2,286,491 | ||
| Total funds | 20 | 2,804,802 | 2413,295 |
| 3 Incom |
e from donations and legacies |
|||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | ||||
| (As restated) | ||||
| Total | Total | |||
| General | 2022 | 2021 | ||
| Donations | and legacies; | |||
| Donations | 511,961 | 511,961 | 462,690 | |
| Legacies | 117,226 | |||
| Gift aid reclaimed | 74,927 | 74,927 | 105,854 | |
| 586,888 | 586,888 | 685,770 |
| 4 Incom |
e from ch | aritable activities |
||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | ||||||
| (As restated) | ||||||
| Total | Total | |||||
| General | 2022 | 2021 | ||||
| Charitable | activities; | |||||
| Deity worship | 16,471 | 16,471 | 13,584 | |||
| Sankirtan, | preaching | and other charitable | activities | 344,183 | 344,183 | 273,506 |
| Festivals | and Rathayatra | 119,978 | 119,978 | 115,562 | ||
| Food for | life | 63,473 | 63 473 | 39,833 | ||
| 544,105 | 544,105 | 442,485 |
| Total | Total | ||
|---|---|---|---|
| General | 2022 | 2021 | |
| Trading income; | |||
| Restaurant and catering income |
1,130,519 | 1,130,519 | 493,223 |
| Shop income | 187,589 | 187,589 | 113,592 |
| Other trading income | 2,570 | 2,570 | |
| 1 320 678 | 1,320,678 | 606 815 |
| 8 Expen a) Costs |
diture on raising funds of generating donations and legacies |
|||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | ||||
| (As restated) | ||||
| Total | Total | |||
| General | 2022 | 2021 | ||
| Bhoga~ | 7,896 | 7,896 | 4,856 | |
| Utilities - gas and electricity* | 6,584 | 6,584 | 3,285 | |
| Other expenses* | 42,281 | 42,281 | 29,205 | |
| Printing, | postage and stationary* | 12,023 | 12,023 | 11,865 |
| Property | expenses —rent, rates &repairs | 85,429 | 85,429 | 115,508 |
| Professional fees and support costs~ |
67,033 | 67,033 | 78,353 | |
| Telephone | and internet~ | 10,221 | 10,221 | 9,861 |
| Travel and other motor expenses* | 26,220 | 26,220 | 30,106 | |
| Bank and | credit card fees~ | 15,311 | 15,311 | 16,636 |
| Depreciation * | 51,162 | 51,162 | 63,630 | |
| 324,160 | 324,160 | 363,305 |
| b) Cost | ofcharitable | activities |
||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | ||||||
| (As restated) | ||||||
| Total | Total | |||||
| General | 2022 | 2021 | ||||
| Sankirtan, | preaching | and other charitable | activities | 562,993 | 562,993 | 375,795 |
| Deity worship | 182,041 | 182,041 | 115,992 | |||
| Festivals | and Rathayatra | 95,985 | 95,985 | 77,754 | ||
| Food for | life | 35,103 | 35 103 | 40,858 | ||
| 876,122 | 876,122 | 610,399 |
| c)Costs o | ftrading activities |
|||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | ||||
| (As restated) | ||||
| Total | Total | |||
| General | 2022 | 2021 | ||
| Restaurant | and catering expenses | 708,675 | 708,675 | 404,307 |
| Shop expenses | 162,167 | 162,167 | 119,477 | |
| Other trading expenses | 10610 | 10,610 | 467 | |
| 881,452 | 881452 | 524,251 |
| d) Expendit | ure on investment properties |
|||
|---|---|---|---|---|
| (As restated) | ||||
| Total | Total | |||
| General | 2022 | 2021 | ||
| Property | 19,220 | 19,220 | 27,115 | |
| Utilities - Gas and Electricity | 326 | 326 | 1,095 | |
| Professional | Fees | 500 | 500 | 4,075 |
| Other | 103 | |||
| 20,046 | 20,046 | 32,388 |
| Net (outgoing)/incoming | resources | for the year include: | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| (Profit)/Loss on disposal |
offixed assets held for the charity's | own use | (6,032) | 19,762 | |
| Depreciation —owned assets | 72,233 | 62,336 | |||
| Auditors' remuneration |
6,600 | 6,000 | |||
| Finance charges payable | (mortgage | interest) | 7 054 | 11,821 |
| The aggregate payr |
oll costs were as follows: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Staff costs during | the year were: | ||
| Wages and salaries | 684,333 | 444,199 | |
| National Insurance |
41,453 | 23,892 | |
| Pension costs | 9,119 | 6,915 | |
| Other staff costs | 5,529 | 2 825 | |
| 740,435 | 468 092 |
| the year e | xpressed as full time equivalents was as |
follows: | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| No | No | ||||
| Charitable | work | 33 | 26 | ||
| Administration | 6 | 6 | |||
| 39 | 32 |
| 13 Tangible fixed assets | ||||
|---|---|---|---|---|
| Plant and | ||||
| Long Leasehold | machinery | Motor vehicles | Total | |
| Cost | ||||
| At 1 January 2022 | 1,132,642 | 54,440 | 114,891 | 1,301,973 |
| Additions | 36,679 | 33,035 | 23,990 | 93,704 |
| Disposals | 25 300 | 25,300 | ||
| At 31December 2022 | 1 169,321 | 87475 | 113581 | 1,370,377 |
| Depreciation | ||||
| At 1 January 2022 | 229,623 | 48,437 | 60,328 | 338,388 |
| Charge for the year | 44,775 | 8,861 | 18,597 | 72,233 |
| Eliminated on disposals |
21 132 | 21 132 | ||
| At 31December 2022 | 274 398 | 57298 | 57 793 | 389489 |
| Net book value | ||||
| At 31 December 2022 | 894,923 | 30 177 | 55,788 | 980 888 |
| At 31December 2021 | 903,019 | 6003 | 54 562 | 963,584 |
| 14 Fixed asset investments | ||
|---|---|---|
| 2022 | 2021 | |
| Investment properties |
535,643 | 535,643 |
| Investment properties |
||
| Investment | ||
| properties | ||
| Cost or Valuation | ||
| At 1 January 2022 | 535,643 | |
| Revaluation | ||
| At 31December 2022 | 535,643 | |
| Provision | ||
| At 31December 2022 | ||
| Net book value | ||
| At 31 December 2022 | 535 643 | |
| At 31December 2021 | 535643 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 86 | 736 | 62 | 180 |
| Goods for resale | Goods for resale | 86736 | 62 180 |
|---|---|---|---|
| 16 Debtors | |||
| 2022 | 2021 | ||
| Trade debtors | 2,923 | 2,778 | |
| Due f'rom group undertakings | 260,310 | 260,310 | |
| Other debtors | 59,010 | 65,557 | |
| Prepayments | and accrued income | 69,246 | 39,461 |
| 391,489 | 368,106 |
| 17 Creditors: | amounts falling due within one year |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Bank loans | 28,044 | ||
| Trade creditors | 75,583 | 72,139 | |
| Due to group undertakings | 160,251 | 147,875 | |
| Other taxation | and social security | 86,879 | 34,159 |
| Other creditors | 87,266 | 41,203 | |
| Accruals | 34264 | 22 587 | |
| 444,243 | 346,007 |
| 18 C | reditors: amounts falling due after one |
year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Bank | loans | 205 | 591 |
| Analysis ofmovement i |
Analysis ofmovement i |
n funds | |||||
|---|---|---|---|---|---|---|---|
| General funds represent | 'free reserves'. | ||||||
| Balance at 1 | Balance at 31 | ||||||
| January | Incoming | Resources | Gains and | December | |||
| 2022 | resources | expended | losses | Transfers | 2022 | ||
| Unrestricted funds |
|||||||
| General funds | |||||||
| General | 2,006,796 | 2,493,287 | (2,101,780) | (203,200) | 2,195,103 | ||
| Revaluation reserve |
(32,500) | (32,500) | |||||
| Total general funds | 1,974,296 | 2,493,287 | (2,101,780) | (203,200) | 2,162,603 | ||
| Designated funds |
|||||||
| Property fund |
155,000 | 155,200 | 310,200 | ||||
| Nitya Seva | 8,000 | 8,000 | |||||
| Benevolent fund |
16,195 | 16,195 | |||||
| Restaurant refurbislnnent |
66,000 | 24,000 | 90,000 | ||||
| Deity refurbishment | 67,000 | 24,000 | 91,000 | ||||
| Total designated | funds | 312,195 | 203,200 | 515,395 | |||
| Total unrestricted | funds | 2,286,491 | 2,493,287 | (2,101,780) | 2,677,998 | ||
| Restricted funds |
|||||||
| New temple fund | 126 804 | 126,804 | |||||
| Total funds | 2,413,295 | 2,483,287 | 2,101,780 | 2,804,802 |
| 20 Funds (continued) | 20 Funds (continued) | |||||||
|---|---|---|---|---|---|---|---|---|
| Analysis ofmovement | in | funds in the previous year | ||||||
| Balance at 1 | Balance at 31 | |||||||
| January | Incoming | Resources | Gains and | December | ||||
| 2021 | resources | expended | losses | Transfers | 2021 | |||
| Unrestricted funds |
||||||||
| General funds | ||||||||
| General | 1,880,670 | 1,968,664 | (1,530,343) | (312,195) | 2,006,796 | |||
| Revaluation reserve |
(32,500) | (32,500) | ||||||
| Total general funds | 1,880,670 | 1,968,664 | (1,530,343) | (32,500) | (312,195) | 1,974,296 | ||
| Designated funds |
||||||||
| Property fund |
155,000 | 155,000 | ||||||
| Nitya Seva | 8,000 | 8,000 | ||||||
| Benevolent fund |
16,195 | 16,195 | ||||||
| Restaurant refurbishment |
66,000 | 66,000 | ||||||
| Deity refurbishment | 67,000 | 67,000 | ||||||
| Total designated | funds | 312,195 | 312,195 | |||||
| Total unrestricted | funds | 1,880,670 | 1,968,664 | (1,530,343) | (32,500) | 2,286,491 | ||
| Restricted funds |
||||||||
| New temple fund |
126804 | 126804 | ||||||
| Total funds | 2,007474 | 1,968664 | 1,530,343 | 32,500 | 2,413295 |
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Restricted funds | Total funds | ||
| Tangible fixed | assets | 980,888 | 980,888 | |
| Investments | 535,643 | 535,643 | ||
| Current assets | 1,605,710 | 126,804 | 1,732,514 | |
| Current liabilities | (444,243) | (444,243) | ||
| Creditors over |
1 year | |||
| Total net assets | 2 677998 | 126,804 | 2 804 802 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Restricted | funds | Total funds | ||
| Tangible fixed | assets | 963,585 | 963,585 | ||
| Investments | 535,643 | 535,643 | |||
| Current assets | 1,338,861 | 126,804 | 1,465,665 | ||
| Current liabilities | (346,007) | (346,007) | |||
| Creditors over | 1year | 205 591 | 205,591 | ||
| Total net assets | 2286491 | 126,804 | 2,413,295 |