Company registration number.. 06953297
Charity registraiion numbu.. 1132794
International Society For Krishna Consciousness London
(A ¢omp&ny limited by guarantee)
Annual Report and Financial Statem¢rLts
for the Year Ended 31 December 2023
KNAV Limited
Statutory Auditors
Hygeia Building
Ground Floor
66-68 College Road
Harrow
Middl¢sex
HAI IBE

International Society For Krishna Consciousness London
Contents
Reference and Administrative Details
Trustees, Report
2to9
Statement of TTUStee8' Responsibilities
10
Indepe]xdeni Auditors. Repori
I I to 14
Staltmejjt of Financial Activities
15 to 16
Balance Sheet
17
Notes lo the Financial Siatejnents
18 to34

International Society For Krishna Consciousness London
Referenee and Administrative Details
Trustees
Mr D R Banfield
Mr C R Gupla
Mr R G Marks
MrTSFurtg
Mr B D Swanson (resigned 06.02.241
Mr L Lery (appointed 22.09.231
Secretary
Mrs M Tehollkov
Registered Office
10 Soho Street
London
WID3DL
Company Regi5tr&tlon NU￿ber
06953297
Cbarlty Regtstr&tlott Number
1132794
Bankers
Lloyd5 Bank
Audltor
KNAV Limited
Statutory Auditor5
Hygeia Building
Ground Floor
66-68 College Road
Harn)w
Middlesex
HAI IBE
Page I

International Society For Krishna Conseiou5nes5 London
Trustees, Report
The tiustees, who air diLfCtor5 foi. the pu)Tro%es of company law, presertt the annual report together with th¢
tinancial slaiemenis and alldiiors, report of the charitable tonipany foi. the year ended 31 December 2023, which
are also prepared to meet the requirements for a directors, report and a￿Ounts for Companies Act purposes.
The financial statements cotnply with the Charitieg Act 2011. the Companies Act 2006, Ihc Memorandum and
Articles of Assaciation. 3tJd the Charities StaieTnent of Recomrnended Practice I'charilies SORP')12pplitable
to charities preparing theii. accounts in a¢¢oTdance with the Financial Re￿rtIng Siandai"d applicable in the UK..
FRS 1021.
Objectives and activities
The objectives ol the cjwily arc 10 advance, transmit. spread and propaglll¢ the religion of Krislll
Consciousness as revthled in the teachings of Bhagavad Gita As Il Ls and Srimad Bhagavatam as taught by Ihe
Fourtder- A¢3rya A.C. Bhaktivedanta Swtmi Ptabhupada and in accordance with the tenets of the Irtlernational
Sociery for KrIstU￿ Consciouslless.
ISKCON-tA)ndoll Is guided by the seven purposes thai out FoundeT-Acarya His Divine Grace A.C.
Bhaktivedanta Swami Prabhupad2 established when ISKCON was inauguTaled. These pu￿08cS stand as our
objectives for the charity.
Those puryoses a￿ as follows..
, To systematically propagate spiritual knowledg¢ to society at large alld io educate all people in the techniq￿$
of SPiTitual life in order to check th¢ imb￿l￿nCe of values in life and to achieve real unity and peaee in the world.
2. To Propagate a consciousness of Kri8hna (Godl, as it is revealed irt the great SCTiPtures of Indi
Bhagavad-gita and Srimad-Bhagavalam.
3. To btin¥ the members of the Society together with each other Hnd nearcr to Krishn4 the prime entity, thus
developittg the idea within the members, and humanity at large, that each soul is pait and parcel of the quality of
Godh¢Ad {KrishnR}.
4. To teach and encourage th¢ sankirtana mov¢Jn¢nL congregational chanting of the holy name of God, a$
revealed in the teachings of Lord Sri Caithnya Mahaprabhu.
S. To erect for the memb*3 and for society at large a holy plate of transtendental pastitn¢s dedicated to the
personality of Kri%hna.
6. To bTing the tnembers closer logethei for the purp05¢ of tuching a simpler. more natural way of life.
7. With a view towards achieving the afoT¢mentioned purposes. io publish and distribu￿ periodicals, T￿aga￿ne8
books and other writings.
Itt order to achieve the above objectives we use the following strategies..
+ Publicatton and disiribuiton of literature
PTOTnotion thTough other media
Public services, f¢5tiwa15. retrtat5 atld pilgtimages - which promote spiritual culture
The distribution and promotion of sanctified vegctarian food {prasadaml
Education in docknnes. training in religious prnctice.. pastoral care
Encouraging positive life PTinciples and social engagement through volunteering
. The opening of new centres I sangas IspiTitual gatherings)
. Youth outreach
* Futtdraisillg
. Kirtan (congregational chantitjg of the names of the Suprenje Being)
Page 2

International Society For Krishna Consciousness London
Trllsteesl Report
Structure* governance alld Tnanagement
N&t￿re of governlthg documellt
The charity is controlled by ils governing document. a deed of trusL and constitute8 a limited cornpany. limit
by guarantee, gs defined by the Companies Aci 21Xi6.
Tru$te¢$
Dayal Mora Das
Temple Presldent
{Dale Banfieldl
Radha Das
(Robert Marks)
Chand Robert Gupta
Rupanuga Bhakti Das
(Laurent Leryl
DhlrodattA Das
(T$z Sui Fungl
Recruitrnellt Jnd *ppointmeDt of trustees
The power to appoint new trustees is vested ill the members of the cjwity. tll Considering the recnitment of a
Tiew trustee. the mcmbcrs would look to individuals bwih experience, empathy and knowledge of the charity's
work. TnISts￿ serve for a period of 3 years, After 3 ye#TS' service, one third of the TTUStees step down with
right of betng reappoLllt¢d.
Induetiott gnd tr21nlng of truste
New trustees und¢rgo an orientation 10 brief them on.. their legal obligations under charity and company law, the
Charity Commission guidancr ort public benefit, and illfonn them of the content of the trust deed. Contirtuittg
training for trusiees is undertaken through regular Tneetings, attending relevant sernin3TS, specific discussions
with individuals 3nd or82nisatiorts attd briefjng papers in the areas supported by the charity.
Pag¢ 3

International Society For Krishna Consciousness London
Trustees, Report
Publit Benefit
In letting the Charity's objectives and planning the ChaTity's activities, th¢ Trustees have given careful
consid¢r3tion to th¢ Chgrity Comrni&sion's general guidance on public benefit. The Tntstees aTe gatisfied that
the activities undertaken by the Charity fi]rth¢r its charitable objects and aims and know of no harm QT detriment
that rnay be caused as a result of these activilieg.
Volunteers
We strive 10 raise ￿ttdS in a variety of ways and rely ort the gupport tsf volunteers who participate by helpin8
with cooknngy classes, book distributiorL OTganising festivals and dramas, suppontng our educatiortal events and
cotnmunity fundraistng progratnmes.
The number of volunteers fluetuales yearly but ihey are crncial to help spread ttiishna Consciousness. We
wholeheartedly thank all of our volunteers for their time, expert15¢ and commitment which helps us celebrate
nd raise awarene55 of the charity, maxiinise donations and maintsitt high standards of service.
Fundraising in 2023
Tkne Trustees are aware of their r&8ponsibility and accoulltability to Cnsutt the chatity fLmdtaises l¢8211y,
responsibly and effectively. We do not use professional fundraisers or commercial agencies to ￿ndraISe and
rely on voluntee￿. All volunteers rnust abide by the charity's policies and procedures.
We offer a patrenage system which enables patrons to make monthly donations OT n]ak¢ one-off donatiens.
Thes¢ donations 3Te ¢55ential to maintain the tsmple.
We are very humbled and grateful by the gllppurt of OUT
community members.
Mally of our members participste in distributing Srila Prabhupada's books. Books weTe disttibuted ID various
ways including door lo door. street fuDdTaisin& Setting up book tsbles, to schools, businesses, prisons, care
hames, libraries ond hogpitals. We also had travelling sankirtan partl¢5 which visited lOw￿S around the UK.
Complaints
The chatity has a published Complaints Proce(kn available on its website. We ¢ndeavour to respood to
enquiries 2nd totnplaints within 5 working days. Most tontacts tend to be requ¢s15 to opi-out of chariry
communications by existillg donors. We monitor the bBsi8 on which people request this attd adapt our method of
communication aly)ut our events according lo donor preferences. We art mindfijl not 10 be peTSiStent with online
tommurticaiions or to give uttdue pr￿Ure lo support tss. We did not rec¢ive any complaints about our
fundraising practices during the year.
GDPR and Data Prntectio
We ar¢ COTnmitted to PTOtecting the peTsonal irtfoTmation and pThv6cy of individuals that we engage wirh and
comply with relevant legislation and code5 of practice, whilst carrying out our essentl21 WOTk of raising
awareness, providing information and support and raising funds. Our privacy policy is published on our
website and 5¢1s out how we captUT¢* process, m2nage and retain your personal information.
S&feguardlng Polley
We are committed to PToviding 4 safe enviTonment for thilth'en and young people who visit the Temple
PTemises. Detsils of our Safeguarding Policy can be found oll our website.
Flnancial results
The charity re£orded a net income (profit) of £592,386 for the year12022'. net irteome (profit) of £391,507). Net
incorne hos mostly remained in line with the previous year. Dllring the year, the charity expeiienced groffth in
incotning funds, ptimatily due to an ittcrease IA foolf￿1 in the restaurant. Th¢re wJs also increased expenditure
by the charity. particularly in carrying out its thwitable activities during the year. along with an increase in its
trading activities to meet th¢ in¢r¢as¢ in footfall.
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International Society For Krish]Tra Consciousness London
Trustees, Report
Department Updates
Studio 1118
Our outreach program Swdio 108 has been opeTating for over a year and is a greai success in introducing ihe
Hare t(llshna philosophy, cultUTe and practice to newcomers. We offer Ihree prograTll5 a week with an aveTage
of 20-30 guests attending each prograrn. We are targeting the youth who in this day and age are under the
intluence of tremendous social pressures, expectations and uncertainty about the futttre. Independent studies
have ieveal¢d that 25Q/o of univtrsity students requir¢ psychological support aJ]d me41ication. There are also
problems with substanc¢ abuse 2nd dysfunctional relation5hip5.
Ai Studio 108 w¢ are tryin8 io offer an alternative approach lo life based upon the ancient wisdotn texts of India.
In these prO￿aInS we otTer an introductioll into a healthy, Sustainable, clean and thoughtful lifestyle and culture
for the betteTrDellt of ￿1.
Bijok Dlstrlblltlo
This yedr we achievcd an increase of nore Ihart 2￿/ts in LN)ok distributiott with a total of 61,891 liteTatur¢5
distributed.
One of the seven PUTP05es of the International Society for Krishna Conscioumes5 15 to publish and distribute
periodicals, rnagazines, books and other writings with the view lo proptgaie spiritual knowledge widely thereby
aGhÈeving real unity and peace in the world
Beginning with bringing awareness lo Krishna as revealed in the great literatu￿S of India such as the BhAg8vad
Gita, Srymad Bhagavatsm and other works in PUT5uance to these works, book distribution fith¢T imprcsses
upon the members of the cotnmunity aDd humanity at large that individual soul is a qualitative part artd
parcel of the Supreme Personality of Godhead KrisJJn2.
The method of urtdetstanding spiritual knowledge, as given through th¢ teachings of Lord Caitatiya, is
Sankiriana, or the systematic ￿lence of chantiDg the ttames of th¢ diviD¢ in congTegation and also the leaching
of such thanting to others. Such cOn￿¢gatiOnal chanting is facilitated by the building of templeg and centralised
places of WOT5hip. Book distribution largely provides the funds for such cornmunity and lifestyle centres to be
built 50 that members have hubs worldwide for ￿ltiVation of spiri￿#[ v2]u¢s such as humility, tol¢rance and
respect in the as8ociaiion of otherpradilion¢T5.
In the fast movillg attd competitive world, p¢ople may feel like they ar¢ lacking resources and purpose in life.
The literatures are also ways of PTomoting th¢ naturalistic Bhakti Yoga lifestylc. coming from the Vedic
perspective, which has been provell to provide a higher standard of thinknng artd a simpler way of living irt the
contemporary world. Practical yogA meditation and self-help principals arc laughi within these literd￿reS which
have been p3s5ed down through an unbroken discipli¢ Chain, culminating in the last foul￿tr acharya, His Divine
Grace STila A.C. Rhaktivedania Swami Prabhupad4 who translated and tornmented upon these books for the
benefit of martkind.
Govinda'5 Restsurant
Our vegan and vegetarian rest&UTXnt, Govinda's. fulfils our goals of promoting healthier and k9rma free eating.
Govinda'8 a]so cr¢ates illCOTne for ISKCON London so we can continue our preaching efforts. Thanks 10 a
wond¢rful team of marketing students 2nd volurtleers our online presertte has gTown and is reflected in a 47/0
incre3S¢ ID Sales in 2023. Our staff have been corDmitted to customer servi¢¢ resulting in reviews that have
boosted OUT rating5 online as well.
Radh8'5 Bouti
ue
The focus for the yettr wa5 to imPTQV¢ OUT online sales. With the help of a volunteer team, we made a record
number of online sales, We also succe55fully launched new entrrprise of Radha's Boutique incense, whiLh
sells faster than we can pack itl We have expartded OUT heTbal tea attd body care range- offering gift packs for
those sp￿181 occasions.
We had the opportunity to apply for a pop-up shopfrollt space on Oxford streeL Our application was not
suc£esgfvl but was a great lettTning CUTve and inspires us to look for other incentives offered by the Government.
Page 5

Interniitiongl Society For Krishna Consciousness London
Trustees, Report
Ftbod For Life
The Food tor Life program ts & unique free food distrihution initiattve which serves vegelariaD meals. Thc food
is prepared by devotees, and then offeTed 10 LoTd knshna before distribution. This PTa5thm - blessed food
contillues to be sepJtd to the D¢¢dy and homeless people irt Central London 6 days a week {Monday to
SattJrday}. Each week we serve 61M) plates of prasadam. By following this principle, we aim to relieve hunger
and promote peaLe and Ptosp￿Ity.
We &"e really grateful lo our volullle¢rs wbo dedicate Iheii piecious time lo s¢rve Food for Life,. ]nost of the
volunteers are workJn8 professionals who volunteer their evenin￿ lo render seTvi¢e.
In 2024 we will plan to leatn up with Food for All which is an exciting opporlullity 10 expand our food
di811'tbutioll, woik LulldbuTdlively and Offer uut guests a varied menlt of ilerns such 35 cak¢4 fruits and other
goodiesl
ISKCON Dllblln Loan
We loantd ISKCON Dublirt money to help with emergency refurbishment of their property. The amount dlle
from ISKCON Dublin as al 31st December 2022 wag £12,517 (2022.. £24,859).
Annual Donatlons
Jn 2021, we donated £10,008 to th¢ TOVP fvndraising campaign.
Funds
The trusiees regularly review the eharity's fijnts and ass¢ss how best to Use them in line with the charity's
objectives. Though a rnajority of the donatlolls ar¢ received without arty Festhction£. th¢ tTuslees will gomeiimes
set aside ptrt of the geneTal funds for sp¢cific purposes as outlined below. Only th¢ historic donatiojjs included
in the"New Temple Fund" below. are restrtcied ft]nd5 as th¢y were received for specific PUTP05es.
Reserves
Balance as it
Bal#nee 25 at
31.12.23
31.12.22
Comment5
Property fund
£1,365,000
£310,200
This reserve represents futtds that hAve b¢¢n
ring-fertced for future pDpety purchases.
Nitya Sev2
£8,0(K>
£8.000
B¢nevol¢nt fund
£16,195
£16,195
This was set up lo assist devotees in dire need,
especially our temple residents.
The reserve incre25ed by £24,000 10 help with
future refurbishments.
R¢5tsur3nt
refurt)ishment
£114,000
£4Y>,IKK>
Deity re￿rbIShrne￿t
£115,(K)Q
£91.000
The reserve increased by £24,1]QO to help with
future refurbishment.
This reserve represen15 fund5 that will be
transferrtd 10 Atsna Lounge Subsequent lo the
y¢ar end. Atma Loungt ceased to operate
within ISKCON London and was e$tablish¢d as
a separdte, stand_alone charity.
No change frotn pr¢vious year.
Alma Lounge
£59,908
New temple fund
Other funds
£126,804
£1.673.541
£3 J97,188
£126.804
£2.162,603
£2,804.802
Tot21 reserves
Pxgc 6

International Society For Krishna Consciousness London
Trustees, Report
Other informgtlon
W¢ hold "no" assers on behalf of other individuals and aTe not affiliated with any other charities. We act as a
foster parent chariry for both ISKCON Cr2wley and ISKCON Folkegtone, who has subsequently become an
ittdependent ch2llty.
Neither our cenire nor our trustees hold or act as custodian t￿Stee& of other organi$ttions.
We are very much dependent on donations in kind artd in monetary tenns whtch would be wortb £250,000 p¢r
Owerwew of Activities
Updltes on 2023 Gts￿$
I. tDcrBse book distribution by 200
This has been achieved.
2. Studio 108 expansion lo include a café
The Studio L08 preaching cenire has 2 ground level space which we converted into a café whitb
tnaximised the use during the day. In Sept 2023 we engaged Mood Café to run the cafe 2nd be
involved in catering for some of our preachEng progrdms.
Templ¢ and Resrauranl refurbishment and expansion.
We conducted a feasibility study to se¢ the option5 of either a Temple refurbi51￿ellt or a corllpletc
rebuild of the building, $0 we can continue lo hosi devotees alld serve Sri Sri Radha-Londonisvara.
The reseBrch work i8 Still ongoing however, on the initial survey report a Temple rebuild will Dot be a
viabl¢ option. Part of the refurbishment would include a new roof on the building Bnd remodel of th¢
loyout.
4. Property Invcstment
Our Bury Place property was sold during the year. We are lookillg at investing these funds ill a
PTOP¢rty which would be used as the Temple Prcstdent residenc¢ and a 5BnCtuary for visiting guests.
Our otber investmeni piop¢rty 15 curretilly on the Jnarket and ollce sold th¢ funds will be used 10
purcha￿ another PTop¢ty for Contemporary Vedic Ashram ICVAI. This would provide facilities to
help cultivate and introduce wple lo the ashram way of life.
We also aim to purchase art investment propety ill Mayapur.
2024 G041s
Open Govinda's RestauraTLt for breakfast
To increase our service lo both devotees gnd public we are looking at extending tbe opening hour5 of
Govinda's Restaurant so that they ate open in the moTning to offer breEkfast. Thi5 would htlp utili5¢
the restaurant Space foi a longer period of time. The goal is to g￿erate £500k extra incotn¢.
2. Use I Consutne only Ahitns& Dairy for preaching PTogrammes
The concept of ahimsa, or non-violence towards cows. is deeply rooted in Indian culture sod tradiuort.
At ISKCON Londort. we would like te embiac¢ this Ahimsa collcept. We aim to purckn￿e only Ahimsa
products 10 be distributed at our prea¢h2ng progrzTnmes.
Page 7

Interniitional Society For Krishna Consciousness London
Trustees, Report
Rlsk management
Potential riskg to Ihe charity are reviewed and discussed by the Tn]ste¢s ID their meetings and where Televan¢
are documented in the Tn￿lee minutes. Risk managernent Is embedded at all levels, and the potential risks
facing tbe orggni5alion are identified and documented. The Trustees ensure thai for each risk..
mitigation procedures 3Te dtveluped
responsibilities for implementation and review are assigned
• the status is monitored ort a regular and timely basis.
Reference and Admlnlstrative Detai15
Trustees
Mr R G Marks
Mr D R Banfield
Mr C R Gupta
MrTSFung
Mr B D Swangon {Tesigned 06.02.24)
MT L Leiy {appointed 22.09.231
Principal Office..
LO Soho Street
London
WID3DL
The charity is incoTPQTated in England 2nd Wales.
Company Registration Number..
06953297
Charity Registration Number..
1132794
Bankers
Lloyds Bank
32 Oxford Street
London
WID3DL
Pag¢ 8

International Society For Krishna Consciousness London
Trustees, Report
Reference llnd Administratlve Detalls Icontlnlled)
Audltor:
KNA V Limited
Statuioi? Allditors
Hyg¢ia Building
GTound Floor
66-68 College Rottd
Harrow
Middlesex
FL41 IBE
Disclosure of information to 2udltor
Each trust¢¢ has taken steps that they ought to have taken as a trnstee in OTdeT to make themselve8 aW#Te of any
relevant audit infomjaiion las defined by section 41813} of the CoTnp￿nle5 Act 20061 and lo establish that the
charity's auditor is awaTe of that infoTrnation. The trustee8 confim that there is no relevartl infotmation that they
know of gDd of whtch they know the auditor 15 un&w3re.
Reappointment of auditor
The &udilur5 KNA V Limited gre deemed to be reappoint¢d urlder section 487121 of the Co]npanies Aci 21i06.
The annual report Was approved by th¢ trustees of the charity on J9;09:￿29nd signed on it$ behalf by..
MrCR
Trustee
Page 9

International SocSety For Krishna Conselousne55 London
Statetllent of Trustees, Responsibilities
The trustees Iwho air also the d￿eCtOi3 of IntemLtiotYdl Society For knishna Conscio￿￿nes.￿ Lonth)n for the
purposes of comptny lawl are reS￿nsible for preparing the tru8ieeg' report aDd the financial siaiements in
ac£ordattce with applicttble law and Unitrd Kingdom Accounting Stsndards (Uniied Kingdom Generally
Accepted Accounting Practice), including FRS 102 "The Financial Reporting Siandard applicable in the UK and
Republic of Ireland..
Company law requires the Erns￿eS to prepare financial 5ts1eTh¢nts for eath financial y&4T. Under company law
the trustees must not approve the finaneial ststernents unless they are satisfied that they give a true and fatr view
of the state of afftiiTS of the charitsble company and of the incorning Tt50urccs and application of resources,
including ils IllLorne and expenditure, of th¢ charirable company for that period. In preparing thege financial
statements. the Lrusiee8 are required to..
select suitable accounting policies and apply them consistently.,
observe the ￿ethi)d$ 2nd principles En the Charities SORP;
mtke judge]nents Bnd ¢stim&t¢5 that are reasonable and pNdert(
state whether applicable accounting standards. comprisirtg FRS 102 have been followed, Subject to any
matetial departures disclosed and explained in the financial slatemMt5; and
prepaie the fiTVdncial statements on the going concetn basi5 unl¢ss it is inappropriak to presume that the
charitable company will continue irt business.
The truste¢5 are responsible for ketpirtg adequate accountlllg records that are suffitient 10 SILOW and explain the
charitable company's Iransactiorts artd disclose with reasonable accuracy al any ti]ne the financial position of Ihe
charitable cotnpany and enable thern to ¢nsuTe that the financial statements comply with the Companies A
2006. They are algo responsible for 5af¢guarding th¢ assets of the charitabl¢ company attd hence foT ttiking
reasonable step8 for the preve]Jtiott and detection of fraud and other mgulariiies.
The trustees are responsible for the rllainteJw)ce attd integrity of the corporate and financial infonnation
included on the charitsble company's website. Legislation in the United Kingdom goveTning the Preparation and
dissemtnation of firtartcial statements MRY differ from legislation itt otherjurisdictions,
This report was approv¢d by the trustees of the charity onlS,os.2024and signed on its behalf by..
pta
Trustee
Page 10

International Soclety For Krishna Consciousness London
Independent Auditor's Report to the Members of
International Society For Krishna Consciousness London
Opiuion
We have audited the financtal statements of Intem2tional Society For Krishna Consctousness London (the
'charity'l for the year tnded 31 Dtee]nber 2Q23. which cotnprise the SLalement of Finallcial Activities. Balance
Sheet, and Notes lo the Financial Stste]nenls, including a summary of significarti accounting policies. The
financial teportin¥ framework that has been applied in their preparaiiott 18 United KingdoTn Accounting
Stsndards. comprising Charities SORP - FRS 102 'The Fiftartcial Repotting Standard applicable in the UK attd
Republic of Ireland. and applicable law Iunited Kingdom GeneTally Accepted Accounting Practice).
In our opinion the fJnBncial sta*rn¢nts'.
give a true attd fa￿ vtew of the giate of the thatity's affairs a5 at 31 December 2023 attd of its ￿￿on}]ng
resources and application of resources. including its income and expendithre, for the year then ettded.,
have b¢¢n PTop¢rly PT¢pBred in aCCOTdanc¢ with Ulljted Kingdom Generally Acc¢pied Accounting Practice.
and
have been prepared in accordance with the requirements of th¢ Companie8 Act 2006.
Basis for opinio
We conducted our audit in accordance with International SL￿dards on Auditing IUKI IISAS IUK)) and
applicable law. Our responsibilities under Iknosc stsndards are further described in th¢ auditor responsibilities for
the audit of the fil￿n¢7￿[ statements section of our report. We 3r¢ ind¢pendent of the charity in accoidartce with
the ethical requirements that are relevant to our audit of the financial stat¢m¢nts in the UK, includirtg the FRC'S
Ethical standar￿ and we have fijlfilled OUT other ¢thical Te8pon8ibilities in accordartce with these requir¢Tnents.
We believe that the audit ¢vi(kiJce we have obtained is sufficient alld appropri2te to provid¢ a basis for OUT
opinion.
Conelusions relatlllg to golng eott¢ern
In auditing the fittallcial slatemenls. we have concluded that the trustee5 use of th¢ goit)g conc¢rn b&8is of
&ccountin8 in the preparation of the financial ststements is appropriate.
Based on the WOTk we have perfoTme(L we have not identified any material uncertainties relating to events or
conditions that, individually QT collectively, may cast significallt doubt on the charity's ability lo continue &5
going concern for a period of at least twelve months from when the otig]nai fina]LtiAI stat¢in¢nts wer¢ authori8ed
for issue.
Our responsibilities and the resJx)nsibilities of the thjstees with respect to going concern are described tn the
relevant 8eciion5 Of this report.
Other inforniatlon
The other inforniation comprises the inforniation ittcluded irt the annual report other than the fittattcittl
statrments alld our auditor's report the￿on. The trusttts are respoJJsible for the otheT iDformatlQll contaxned
within the annual report. Our opinion on the financial statejncnts does noi eover the otheT inforniatton and,
except to the extent otherwise expliciily staled irt our report, we do not express any fonn of assuran¢E
coneluston Ihereott. Our respottsibility is to read the other infotmation and. in (toing so, consider whether the
other infomiation is mat¢Tially inconsis*nl with the financial statements or our knowledge obtained ill the
course of the audit or oth¢Twise appeaTS to be n]at¢rially mis5tat¢d. If we iilentify such material in¢onsistellcies
or apparent material misstatements. we are required to deormine whether this gives rise to a materi21
misstatement in ibe financial statements themselves. If. based on the work we have p¢rfornied, we concludt that
theT¢ is a material misststem¢nt of this other infom]ation, we are required to report that fact.
We have nothillg to report ill this regard.
Page 11

International Society For Krishna Consciousness London
Independent Auditor's Report to the Members of
International Soclety For Krishna Consciousness London
Opinion on other mthtter prtstribed by the CompaThles 2006
In our opinion, based on the work undertaken in the course ot'rhe audit.,
the infomlliion given in the Trusiees, Report foT the financial year for which the fjnancial 8iatementS STe
prepgred is collsisteni with the fjnkntittl statements.. atsd
the TnEsttts' Report has been prepared in accordance with applic￿ble legal reqllirements.
Matter5 on wILich we are required tts report by exception
In the light of our knowledge and undetstanding of the charity and ils environment obtained in the Course of the
audit. we have not identified material mi&8tst¢m¢JJts in the Trustees, Report.
We have nothing 10 i'eport in Tespect of the following maltsTS where the Companies Att 2006 requires us to
report lo yoll if. in our opinioll..
adequate accounting Tecords have noi b¢en k4)¢ or Tetun)s adequate for our audit have not beert received
froln bTanch¢s noi visiied by us: or
Ille financial statements are not agreement with the accourtling Tecords and retylrns. or
¢rtain disclosures of trustees r¢munerdtioll spccified by law are not llwd¢,' or
we have not received all the information and expiandtions we require for our alldil.
the trustees, were not entitled to prepare the fitjancial statemertts in acwrdanet with the srnAII COTnpanies
Tegime and rake advantsge of th¢ small companies, exemptions in preparing the t￿￿tees, Teport and from the
requii'ement to prepare a Strategie report.
RespoDsibilities of trustees
As explained more ￿llY in the Ststement of Tn]stees' Responsibilities (set out on page 91, the t￿SteeS are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and foT such internal control as the trustees delemiine is necessary to enable the preparation of fitjancial
812kmenls that ar¢ fr¢¢ fTom tnaterial misstatement. whether due to fraud or etTOI.
In preparing the financial statements, th¢ trust¢ts are responsible for a55e55ing the chaFity's ability to continue ag
a going cortceTt4 disclosing. as applicable. matters related to going concem artd using th¢ going concern basis of
aLcourtling unless the trustees either intend to liquidate the charity or lo cease opeTa110115. or have no realisti¢
alternative bui lo do so.
Atsditor responsibilities for the audit of the fingntlAI st*tements
OUT Objectiv￿ gre to obtain reaso1￿ble assurance about whether (he fJn2ncial statements as a whol¢ are free
frotll matwial misstatemenL whelhtr due to fraud or ¢rn)r. and lo issue an auditor's report that includ¢s our
opiniort. Reasonable a55urance as 8 knigh level of assur2nce, but is not a guaranlec that an audit conducted in
ae£ordance with ISAS IUKI will always deteci a material mi&stat¢nient when it exists. Misstatements call aris¢
from fraud or em)r and are cottsidcrcd matetial if, individually or in the aggregate, they could ￿H5onablY be
expected to influence the ecortotnic derision5 of users taken on the basis of these financial ststements.
Page 12

International Society For Krisbna Consciousness London
Independent Auditorls Report to the Members of
International Soeiety For Krishna Consciousness ￿ndOn
Irregulatities, including are instances of non-COTnplianc¢ with law5 and Tegulations. We design procedures
in line with our responsibilities. outlined abov¢. to detct tnaterial missraiements in respeci of irregularities,
including fraud. The extent to which our procedures are capable of detectirtg irregularitles, Including fraud is
detsiled below.
We design ow PTOCtdurts so as lo obtain suffi¢i¢nl &ppropTiate audit evidenc¢ that the financial statements are
not materially misstated due to non-compliaDC¢ with laws and Tegulations or due to fraud or error.
We are noi responsible for preventing non-compliance and caonot be expecied to deieci noncompliance with all
Itws and reglllations- thi% responsibility lies with tnanagerntnt th¢ oveiEight of the Trustees.
Based on our understattding of the Charity. discussions with management, we iderttified Companies Act 2006,
the Charities Aci and Financial ReporEing Standard 102 as having a direct effeet on the attJourtl& and disclo8iires
irt the finartcial statements.
As part of the engagernent team diSCIL55ion about how and where th¢ Charity's financial statements may be
mRleriRlly tnLS5tsted due to fraud, we did not identify any areas with all increased risk of fraud.
Our audit procedures include41..
ertquiry of management about the ChaTity'g p)licies, PToc¢dures and relattd contyols regarding compliatlce
with IAWS and regulatians alld if there Bre any known instsnces of nom-compliance.
cxamining sUpport￿ng docunients for all material balances, trallsaclions and disclosures,.
review of the trustee minutes.,
' e]wuiry of Jnattagemeni and rcview and ittsptciion of reltwatst tottespolldence with any le¥al fThs',
evaluation of the selection and application of accounting policies related to subjective measuremertts And
cotnpl¢x tTansactions:
' analytic￿ proc¢dur¢s to id¢ntify any wiusual or un¢xpect¢d r¢lation51LiPS,'
. testing the appropriateness of journal elltries recorded in the general ledger and other adjusthjettts Jnade in the
preparation of the financial statements.,
* review of accountlttg estimates for biages.
Owing to the inherent liJnitations of all audit, there is gn unavoidable risk that some material mi58tatemellis of
the financial stalernents may not be detected, even though the audit l5 properly planned and perfomied in
accordance with the ISAS (UK).
Th¢ potential effe¢ts of irtherent limitations 2Te p2rti¢ul2rly sigJ]ificant in the ¢#se of fftisstst¢m¢nt ￿suItillg
froTn fraud because fralld may involve sophssticatrd and carefi]IIy OTganized schemes desTrgned to conc¢al IL
including deliberate failure to record transactions, collusion or intentional mi8representations being made to us.
A fijrther degcription of our responsibilities is available ort the Fittartcial Reporting Council's website at..
www.frc.OTg.uklau(btor$respon$ibilitie$. This description ftsrtns part of our authtOT'S Teport.
Page 13

International &)ciety For Krishnx Consciousness London
Independent Auditor's Report to the Member5 of
InternAtional Society For Krishna Consciousness London
Use of our report
This rey)rt is mad¢ solely io the charitable company'5 trustees. as a body, in accordartee with Chap￿r 3 of Part
16 of the Companies Act 2￿6. Our audit woi'k has been undenaktn so that we might 81ate lo the charity'$
ttuslees thuse tndlterg we are required 10 slate 10 them in an auditor's ieport and for na other purpose. To the
fullest extent petmitled by law, we do not accept or assume Tesponsibility to anyone other than th¢ charitable
company a
Irs INstees as a body, for our audit work, for this report. or for the opinions we have formed.
FCA (Senior Statutory
If of KNAV Limited,
udilorl
tutory Auditor
For and o
Hygeia Building
Ground Floor
66-68 College RoAd
Harrow
iddlesex
FL41 IBE
Date..
UAC.. 2024-73-UK
Page L4

International Society For Krishna Consclousness Londo
Statement of Financial Activities for the Year Ended 31 December 2023
(Including Income and Expenditure Account)
Contlmulng operatlo
UnrestTiCted fuThds
DISC￿￿tINUed operadons
CeD¢r91
D¢51Rllgfe
Funds
Re5tri¢ied
UDrESITi<¢ed
Re51Tictsd
Total
fund5
f￿lld8
run
2023
Note
Income and
Donations and lega¢it5
CbariEable activitics
655.549
844,565
651,428
651.428
51,879
InvestmeDt income
32,573
200
31573
other income
200
Total incotne
3,161,54¢
240,895
3.402.4J9
Expcnditure on:
Raising funds
Charitable aclivili&s
TrAding Rctivilies
InvesmieDtproperti
Total ¢xpenditure
Gamsliosses orl
ittvestsneot 8ss¢ts
Nt¢ inctsme
199.9631
11245.4201
128.600)
136.9441
11.281J64)
123.600)
12.721.794)
{136,907)
48,648
48,648
488.39È
591386
TraDsfer betweeo funds
20
Nti movemtnt in fvnd$
{570J221
1.162.708
592,386
Re£Dn£iliation of (unds
Total fun& bTousht
fonvard
Total fuDds ca￿)
forward
2,162,fv)3
126,8Q4
2.804.802
20
l J92,281
126,804
3.397.188
There were no other reco8nised gains or lo&Ys.
The notes on pages 18 to 34 form an integral part of these fjnancial statements.
Page L5

Internatlonal Society For Krishna Consciousness Londo
Statement of Financial Activities for the Year Ended 31 December 2023
(Including Income and Expenditure Account)
Unrestricted
funds
Deslgllattd
Funds
Restricted
funds
Tot91
2022
Note
Ekdowm¢rtts
from=
Dottaiions and legacies
Chaiitable activities
Trading activities
InVest￿ellt itrom¢
Other income
586,888
544,105
1,320.678
35,333
6,283
2.493,287
586,888
544,105
1.320,678
35,333
6,283
2.493,287
Total income
Expenditure tsn-
Raising funds
Charitable activiti¢s
Trading activities
InveStn￿t prop¢rties
{324,160}
{876,1221
(881,4521
(20,046)
{2,101,780)
1324.160)
{876,1221
{881,4521
(20,0461
(2,101,780)
Total expenditure
Gainsllosses on irtvesttnent assets
Net irtcome
Transfer between funds
391,507
{203,2001
188,307
391,507
20
203,2(I)
203,200
Net movetnent Ill fimd8
391,507
Recottcllladon or
funds
Total futtds brought fonvard
1,974,296
312.195
126,804
2,413,295
Total fvnds carried fonvard
20
2,162,603
515.395
126,804
2,804.802
All of the above results are derived from continuing activities. There weTe no oth¢T recognised gains or1088es.
The notes on pag&4 18 to 34 forni att illte8rai part of these financial statements.
Page 16

International Society For Krishlla Consciousness London
(RegistratlOD Dumber: 069S3297}
Balance Sheet as at 31 December 2023
2023
2022
Note
Fixed assets
Tangible assets
Invegiments
210,855
584291
795.146
980,888
535 643
1,516,531
15
Current S155et5
Stock5
Debtors
C3sh at bank gDd in hand
16
17
117,535
376.328
2 526,528
3.020,391
86,736
391.489
1254 289
1.732,514
Creditors: Amount5 fallillg due within year
18
418,349
444,243
Net curr¢Nt X55¢t5
2,602,042
1.288,271
Ntt Issets
3397 188
2 804,802
Fund5 of th¢ charity-
Restrleted Income funds
Re5trict¢d funds
20
126.804
126,804
Unrestrl¢ted income funds
General fi]nds
Iksignated
1,592,281
1678 103
2.162,603
515395
Totsl fund$
20
3,397.188
2,804.802
The firtart¢ial $latem¢nts
for issue o
tl dirt8 the notes on pa8¢s 18 to 34 w¢r¢ approved by the trustees, and authorised
19.: og..'Jo.
and signed on their behalf by..
MrCR
Truste
The note5 oll pages 18 to 34 forni an integral part of these financial slatemettts.
Pa8e L7

International Society For Krishna Consciousness LondoD
Notes to the Finaneigl Stgtements for the Year Ended 31 December 2023
I Chariry st2tU5
The charity is litnit¢d by guaTant¢e, incoryjorated in England and Wales, and consequently does not have sh3T¢
capital. Each of the trusle¢s is liabl¢ to contribute art amount not exceeding £1 towards the as8els of the tharity
in Ihc evettl of liquidation.
The adthe58 of its regisiered office is..
10 Soho Street
London
WID3DL
Authorised for issue 19 Sepkmber 2024
2 Ae¢oulltthg pollcles
Sllmmary of $l¥nifi￿nt Y&ccovnting policies and key accounting estimate5
The prirtcipal accounting policies appli¢d in th¢ PTepaTation of Ihege financial stat¢rnents are set out below.
These policies have been consigterttly applied to all the yeaT5 Pre￿￿ted, unle&s otherwise stated.
state￿e1]t of compliance
The f￿ancIal statements have b¢¢n prepared ill accordance with C1￿[1(leS.. Siatemcnt of Recommeoded Praclite
applicable to charities preparillg their accounts ill accordance with the Financial Reporting SLittdatd applicabl¢
in the UK and Ireland {FRS 1021 (issued in October 20191 IChariti¢s SORP {FRS 10211. the Financial
Reporting Stattdtrd applicable ill the UK and Republic of Ireland {FRS 1021. They also comply with rhe
Companies Act 2(K)6 gnd Charitie5 Act 2011.
Basis of preparatlon
International Society For Krtshna Consciousness London rneet5 th¢ definition of a public ben¢fit ¢ntity under
FRS 102. Assets and liabilities are initially recogniscd at historical cost OT Eran5adion value unless otherwise
statd in the relevattt accounting policy notes.
The fvD¢tional and presentational Cu￿encY is GBP Sterling (£1, being th¢ cu￿enCY of the primary etonoTlliC
environment which the chatity operdQS iti. The atnounts are p￿sented rounded to the ne2rest pound.
Coing concern
Th¢ trustees consider that there are no material uttceriainties abD￿t the charity'5 ability to continue as a going
co#cem nor arty significant area8 of uncertainty that affect the carrying value of assets held by the charity.
Summary of dtsclosure exemptlons
In preparing these firtartcial gtatements, the charity h2s taken advantage of the exemplton from di$tlosing certain
fInancial instrutnent disclowr¢s and the preparation of the cash flow statement #s this information is included
within the COTwlidatd financial stateTn¢nts of the parent charity, InteTnation81 Society for Krislma
G)ns¢iousness Limited.
Page 18

International Society For Krishna Consciousness London
Notes to the Flnancial Statements for the Year Ended 31 December 2023
Name of paretlt of group
These financial sratemenis are consolidat¢d in the financial 5tatem¢nt8 of InteTnation21 So¢i¢ty for Krishna
Consciousness LiTnited.
The financial statements of International Society for Krishna Consciousness Limited may be obrained from Oak
House. I Watford Road. Radlett, Hertfordshire, WD7 8LA.
Incotne is recognised wben the charity has entitlement io the funds, any performance conditions attached lo the
item{51 of iDcom¢ hav¢ been tJ]et, st is probable that the income will be received and the amount can be
mcasured reliably.
Dollttion$ and 8tallts are recognised when receivable. In the event that a donation is subject to fulfilling
P¢Tf0Tn￿nCe conditions before the charity is entitled to the fijnds, the income is de(t￿ed and not recognised
until it is probable that those conditions will be ￿lfIlled in the reportltt8 period.
Income from Gift Aid tax reclaims is recognised wheTe the donor has confirtned that gift aid can be claimed o
their donation. Any amounts of Gift Aid not received by the ye3T-¢nd are accounted for in ¥cnL¢d ij)COTne.
Incotne from Gov¢rntn¢nt and other grattts. whether 'c4pilal' grattt8 or'revenue, grattts. is recogttised when the
charity has entitletncnl io the funds, gny perfoTmdnte tonditions attached to the grants have been tnet, it is
probable tbat the illcome will be receiv¢d and the an￿U￿t can be ￿easured TeliabLy alld is not deferred. In
respect of the fijrlough grant: all conditions. with re5P¢Ct to th¢ eligible costs being claimed, need to b¢ meL
For legaci¢4 entitl¢D]¢nt is tsken on a case by case basss as the earlier of the date on which.. the charity is aware
that probate has been gTanled, the egtatr has been finalised and notification has been made by the executhr{sl lo
the charity that a distribution will b¢ ttL4d< OT when 2 disknbution is received the estate. Receipt of a
legacy. In whole or in part. is only considered probable when the a￿ount Czn be meosured Telittbly al￿ the
charity ha5 been notified of the executor's intention lo make adistribulion.
If the legacy is in the foTTll of an asset other th2ll cash or an a88el listed ott a recogttised Siock excbattge,
recognition is subject to the valu¢ of the asset bejng able 10 be reliably measured and title lo the asset has passed
to the charity. Wherc Icgacies have been notified to th¢ or the ¢haTity is awsre of the granting of probAte, 3nd th¢
criteria for income recogttition have not been Tnet, then the legacy is a treated as a contingent asset and disclosed
if rxLateriaJ.
Sponsorship from events, fundraising and evellls registration fees are retognised in income when the Incotne is
received. Income received in advance foF a ￿ndTI1S1ng everti or for a grant received relating lo the
following year are defetred until the criteria for income recognition are met.
Other trading activities
RevetLUe frorll the sde of g¢ods is recogDised when all th¢ followillg conditions are satisfJ¢d..
the company has iransferred to the buyer the sigrtificartt riskg and rewards of ownership af the goo(L%'
the comparty retains neither continuing tnanageTidl involvetnent to the degree usually a$sociated with
owll¢rship noT effective control over the good5 8old.
the amount of revenue be measured reliably;
it is probable that th¢ econotnic benefits associated with the traosactiott will flow to the company. and
the costs incU￿¢d or to be incutred in respect of the transitiort catt be mt&8ured rtliably.
Spe¢ifLcdly, rev¢nue from the sale of goods is recognised when the goods are delivered #Dd legal litle has
passed.
Pag¢ 19

International &)ciety For Krishna Consciousness London
Notes to the Financii)I Statements for the Year Ended 31 December 2023
Jnvestment illcome
lttcojne from investsnent properties represents the rents receivable duiillg the ￿[lod. The income is recognised
on a straight-lille ba515 over the respective leage teiin.
Expenditure
All expenditure is recognised once there is a le8al or constructive obligation to that expendiwre, it ts probable
settle￿ent is required and the amount can be measured Teliably. All cost5 are allocated lo the applitable
eXP¢llditure heading tbat aggregate similar costs to that category. Where costs cannot be directly attributed lo
particular headings they have been allocated on a basis consistent with the use of resourc&8, central stsff
COSIS 211ocated on the basis of time spent, and depreciation tharges Bllocated on the portion of the asset's ll8e.
Other support Costs are allixated based on the Spread of st2ff costs.
Ail resources exptndtd are inclusive of irr¢coverable VAT.
Ralsing funds
These are costs incuLTed in attracting voluntary illcom< the mall4emellt of inve$ttnents And those incurred in
trading activities that raise fund8.
Ch2rltible &¢tlyldes
Charitsble expenditUTe tompriseg those costs incurred by th¢ charity Tn the delivery of its activities and seTvices
for 115 benefici3Ties. It ￿cludeS both cesis thai cart be alloca￿d directly to suctl activities attd those costs of an
illdirect nature neccgsary to support them.
Other expenditure
Other expenditure represents those items not falling into ally other he2diti8.
s￿pport ¢osts
Support costs aTe those functions that a5Si$t the work of the charity but do not direcily llndertake charitable
activities. Support costs include thinistration costs, fillance, personnel, payroll attd governance costs which
support the chariites. These costs have been allocated between eost of raising funds and expenditure on
b￿ltable activities.
Irrecoverable VAT
lryecovetable VAT is char8ed against the category of resources exp¢nd¢d for which it wa5 incurred.
Taxgtlon
The eharity is considered 10 p￿S the tests set out in Par2gtaph I Schedule 6 of the Finance Act 2010 and
therefore it meets Ihe defthition of a charitable comparty for UK toryjoration lax puryos¢s. Accordingly, the
charity is po*ntially exetx]pt from taxation in respect of income or capital gains received withiti caiegoTleS
covered by Chapter 3 Part I l of the Coryoration Tax Act 2010 or Section 256 of Ihe Taxation of Chargeable
Gains Act 1992, to the extertl that stLch income or gains are applied exclusively to chaiilable purposes.
Page 20

International Society For Krishna Consciousness London
Notes to the FinaD¢ial Statements for the Year Ended 31 December 2023
Tangible fixÈd #$$c*$
Individual fixed assets cosiing £ 1,000 or rnore aTe initially recorded at cost, less any subsequent tc£umulaied
dtpreciatiott and subsequent accumulaied impaimenl losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed asse15 $0 as lo write off the co81 or valuation, less any estimated
residual value. over Iheir expected useful economic life as follows..
As$et ¢la$$
Depre¢iAtion method and rate
Over the period of the lease., charged full
in year acquired attd Jjone io year of
disposal
10/0 on cosL charged Ml ill year acquired
and none in year of disposal
2QO/o on cost; charged full in y¢aT acquired
and none in ye2r of disposal
250/0 reducing balance bosts; charged full
in year a¢qUi￿d and non¢ in year of
disposal
Long leasehold properties
Leasehold improvements
Plant and machinery
Motor vehiclcs
Ithvestment propertie8
Investment PTOP¢rti¢s are caryi¢d at fair value And are held lo earn renta18, capitsl appreciation or both. Fair
value is deiennined annually by the trustees of the charity using available market prices for comparable rea]
¢stat¢ aJ]d by ¢xternAI valuers As Tequtred. Changes in the fair value are retognised through the Profit and loss.
Stock
Stock 1$ included at the lower of¢ost or net realisable vallle.
Debtors
Trade and other debtors are r¢cognis¢d at the ￿t￿eTn¢￿t amount due after any trade discount offered.
PrepaymeAis a￿ valued ai the amount prepaid net of any trade discoullls due. Accrued iticome ig sntluded at th¢
best estimate of the an]ounts TeceivabSe at the balance gheet dale.
CA8h and tash equlvalents
Cash and cash equivalenis comprise ea5h on hand attd call deposits. attd oiher short-ierm highly liquid
investtnents that are readily toaveTtible to a known amount of cash and ￿ sUbJ￿t to an insignificant risk of
Change in value.
Creditor5
Trade creditors are obligations to pay for gLth or s¢rvi¢es that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as CUTr¢nt liabtlities if the charity dots not have att
unconditiontl tight, at the end of the repotting pcrtod. io defer setllemtni of (he creditor for ai least twelve
Tnonths xfter the reportlttg date. If there is an unconditiottal righi lo defer settlement for at lexst twelve snonths
after the Teporting d&t¢, they #re PTesented as nort-cuttent liabilitie$.
Trade creditors are recoBni8ed initially at the iransaclion price and subsequently me&8ured at amorhsed cost
usiog the effectiv¢ Inte￿$t m¢thod.
Page 21

International Society For Krishna Consciousness London
Notes to the Financial Statements for the Year Ended 31 December 2023
orrowings
Inierest-bearing borrowings are initially recorded at fair value, net of transaction costg. Inter¢st-b¢aring
borrowirtgs a￿ subsequently carried at amoTlised ¢ost, with Ihe Ibffeience between Ihe proceeds, nel of
tiansaction costs, and Ihc amount due on iedemplion being reeognised as a charge to the Stat¢m¢nt of Firtancial
Activities over ihe peri<￿ of the relevant bO￿oW1ng.
Interest cxpense is rtcognis¢d on the basis of the effective interest method and 15 included in interest pRyable
and similar charges.
Bom)wirtgs aTe Lldssified as Qu￿¢￿t liabilities unless the chaTity has an uncotsdilional right lo defer settlement of
the liability for at least tweIv¢ months after the rwrting date.
F￿nd structure
Unrestricted illcorne fi￿dS are general fullds that are available for use at the trL]5tces' discreiiott in fiJrth¢r3nce of
the objectives of the charity.
Restricted fvnds are fvnds of the charity restricted for specific purpogeg b¢itLg undertaken by th¢ charity. The
cost of Taising and athninistering such ￿ttdS ale charged against the specifi¢ fund. The aim and use of each
material designated and Testiict¢d fund is set out in the notes lo the financial siate]nents.
Pensions and other post retsrement obligations
The thatity operates a defjned contributiort pension scheme. Fixed contributions are paid ittlo a pension fund by
the chtirity. The Charity has no legal or eonstructive obligation 10 pay additional Contributions to the fund, if
there is insufficient funds to pay all en]ployc¢s the benefjts relating to employee servite in the Cu￿ent and prior
periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activitits when they are
dlle. If contiibution payments exceed the contrbution due for service. the exccss is recognised as a prepayment.
Firt#nci#l instntments
Th¢ ciwity only has financial a58ets and financial liabilitie¥ of a kind that qualify as basic financial itJStruTn¢nt5.
Basic financial it￿rl￿ents are initially reeognised at transaction value and subsequently measured at their
settleEnenl value with the exeeptiort of bank loalls which are subsequently measured at amortised cost using the
effective intcrcsi melhed.
3 Income from donatlotts 2nd legacies
Contlnulng
opei#*ion¥
Ullrestrl¢ttd
lund8
Di8continued
operations
UThrestiieted
fyDd$
Contlnulng
per*rfo*$
Unrtstrlttrd
IuDds
Total
Total
General
2023
Gttserll
2022
Donations 2nd legacie5-
Donations
568.014
155,625
723.639
511.961
511,961
Legaci¢5
Gtft aid reclaimed
87,535
655,549
33,391
120,926
74,927
74,927
586,888
189,016
844,565
586,888
Page 22

International Society For Krishna Consciousness London
Notes to the Financial Statetnents for the Year Ended 31 December 2023
4 Income from charltsble actlvities
CoThtinuing
operatlons
Urtrestyleied
rMttd$
DisCOntin￿ed
peratitsk$
Uttre$tri¢t
funds
C4)thtlnlllJbg
operHtions
UDrcstri£ted
fllnds
Tot41
Total
Gènèral
GerterAI
2023
General
2022
Deity worshIp
Sartkirtan. preachjng and other
harilable activities
Festivals and Rathaydtra
Food for life
16,598
16.598
16,471
16,471
436,636
436.636
344,183
344,183
136.436
61,757
651,428
136,436
61,757
651,428
119.978
63.473
19,978
63,473
544,105
544,105
5 Income from other trading xttlvlÉles
ContlnuiDg
peration$
Unrtstrlcted
fuDds
Dlseontinued
operations
UurÈ$tdtthd
fund5
c0htirtui￿g
operAtions
UDre5tricted
funds
Total
Total
C¢neral
General
2023
Gener
2022
Re5tauTant And ¢ateTing
come
1.686,065
1,686,065
,130.519
1,130,519
Shop income
Other trading ineeme
135,129
61)0
51,879
187,008
600
187,589
2,570
187.589
2.570
1.821,794
51,879
1.873,673
1.320,678
1,320,678
Restaurant and catering incoTll¢ can be fi]rther atVdlys¢d as follows.. Govinda's £1.632,359 {2022.. £1.120.226).
Cafe income £20,955, (2022.. £Nill and catering income £32,751 {2022.. £10,293).
Shop income cart be h]rther analysed as follow5.' Atma Lounge £51,879 12022.. £54,￿2), Radha's Boutique
£127,96112022.. £126,678) gnd Radha Krisbna Records £7,168 {2022.. £6,909).
6 Investment inc0￿e
Cotttlllulng
operation5
Unrestricted
Dds
Dl¥etyTht[rt￿ed
operlltions
Unrestricted
funds
Continuing
operarfon$
UTrrestYlcted
ds
Total
To¢il
GenerRI
General
2023
Ceneral
2022
Interest receivable on bank
deposits
Property rentsl incotn¢
5,593
5.593
88
88
26,980
26,980
32,573
35.245
35,333
35,245
35.333
32,573
P28e 23

International Society For Krishna Cons¢iousness London
Notes to the Financial Statements for the Year Ended 31 December 2023
7 Other incom¢
Continyittg
DperAtion8
Unrestricted
ruDds
DL5C0￿ti￿lled
operation5
Unrestricted
ContlnulDg
oper&d&ns
Urtres*rfcted
lund5
Total
Tolal
Genergl
Genergl
2023
2022
Grant income
200
6,283
6,283
6.283
6,283
200
200
In the cutTent year, the fund8 received as grants related to enew support seheme. In the previow year, grant
income ￿pre$Cryts nionits received yants. related to rebates foT busin¢55 rates.
8 Expemdlture r21slng funds
a) Costs of generJting donations legaties
DlseDnllllued
operatiort$
tsper&tions
Uure$tri¢trd Ullre¥trictrd
fullds
funds
oper&tion5
Unrestricted
funds
CellerAI
Total
Total
GeD¢ral
General
1023
2022
Bhoga
Utilitie5- gas and electricity
OtheT expenses
PriJting. postage and
8tationery
Property expenses- ren¢ rates
& repairs
Professional fees and support
costs
Telephone and illierllet
Travel and oth¢r n]otor
expenses
Bank atld GT¢dit card fees
2.404
9,172
54,341
3.600
3,916
78,172
6,004
13,088
132,513
7,896
6,584
42,281
7.896
6,584
42,281
9,670
228
9,898
12,023
12.023
64,482
12,384
76.866
85.429
85,429
88.272
88,272
67,033
67,033
9.348
48
9,396
10,221
10,221
20.852
22,467
26,220
26.220
13,049
50,388
321,982
13,049
50,388
15,311
51,162
324,160
Depreciation
51,162
99,963
421,941
324,160
Included in Other expenses Idi5continued op¢ralion5) are dollations ajnounling to £76,896 of which £75,000 wts
made to support Attna Lounge. the new charity. By the year-end, Atma Lounge ceased operdtiorts within
ISKCON London and was established as a sepBTat¢, stsnd-alone charity (refer to note 13 for further details).
Page 24

International Society For Krishna Consciousness London
Notes to the Financial Statements for the Year Ended 31 December 2023
8 Expenditurè on r#i%ing funds
bl Cost of charitable activities
Discontinued
operations
Unrestrlcted
fund5
ContJnulttE
operatioTrs
U￿rest￿ltIed
funds
operntions
Ullrestricted
funds
Total
Total
GeThtral
General
21123
General
2022
Sankinan, preaching and other
charitable tclivities
Deily worthip
Festivals and Rathayatra
Food for life
768.929
768,929
562.993
562,993
229,328
100,674
26,861
1.125,792
229,328
100,674
26,861
1,125,792
L82.041
95,985
35,103
876,122
182,041
95,985
35.103
876.L22
e} Costs of tyadlng aetlvltIes
Cfyndnlllng
operation
Unrestricted
funds
ContiDuing
perAtlon$
Ullrestrf¢ted
fu￿d5
perations
Unrestricted
Total
General
Generlll
2023
General
2022
Restaurant and catenng
expenses
Shop expense5
Other trading expenses
1,112.653
1,112.653
708.675
708,675
132,766
36,944
169,711
162.167
10,610
881,452
162,167
10,610
881,452
1,245,420
36,944
1,282,364
d} Expenditure on Anvestment properties
Dls¢onilDlled
peratlons
Unre$tric*d
fund5
Continuing
operation8
Ullrestricted
fuDds
operations
Unreslrteted
fuDds
Totsl
Total
Gener¢1
Gener#1
2023
General
2022
Rejjt artd Courtcil T&
Uii]ities- Gas and Electricity
Professional Fees
26,693
191
26,693
191
19.220
326
19,220
326
1,716
28,600
1,716
28,600
500
500
20,046
20.(M6
Page 25

International &)ciety For Krishna Consciousness London
Note5 to the Financial Stxtements for the Year Ended 31 December 2023
9 Net incomingloutg4Jing resource5
Net {outgoingllincoming resources for the year include..
2023
2022
{Profit)ILoss on dispos21 of fixed asgets htld for the charity's own use
Depreciaiion- owned assets
Auditor5, r¢mun¢Tatio
Finance chaTges payable Imort8a8e interest)
2,124
67,09L
7,(￿0
{6,0321
72,233
6,600
RefeT lo note 14 for details of Ibe {ProfIt)￿o￿ on disposal of fJx¢d assets held for the charitys own use.
10 Trustees remunerAtlon and expense5
During 2023. the charity paid on his behRlf, Mr Dale Banfield's rent gDd other expenses of £42,286 12022..
£L7,5481. These expenses were incurred for the performance of iemple duues in his role as temple president.
There wert no other tTUSte¢$' expenses paid for the year ettded 31 December 2023, nor f¢r the ye&r ¢nded 31
December 2022.
11 StAff costs
The aggregate payroll costs were as follows..
2023
2022
Staff costs during the year were..
Wages and salaries
National Insurance
Pe]]sion eosts
Other staff costs
904,828
58,521
13,212
1.707
978,268
684.333
41,453
9,119
740,435
Th¢ monthly av¢rag¢ rturober of persorts lincludmg genior management team) employed by the charity during
th¢ year exprused as full time equival¢nts was as follows:
2023
2022
Charitsble Work
Administration
41
33
47
39
No employee r¢ceiv¢d ¢TDoluments of tnore tbatt £60.000 during the year.
Page 26

International Society For Krishna Consciousness Lolldon
Notes to the Financial Statements for the Year Ended 31 December 2023
12 Taxatlon
The company i8 limited by guaronoe artd a registered charity. The charity is considered lo pasg the tests s¢t out
iti Paragraph I Schedule 6 F￿nance Act 2010 and therefore it meets the detitijiion of a charitable Lompany for
UK Corporation tsx purposes. Accordingly, the charity is poiettiially exernpt from taxation Ill r¢sp¢ct of income
or capital gains received within categori¢s covered by Chapter 3 Part I I Cotporation TBX A¢t 2010 or Section
256 of the Taxation of Chargeablc Gains Aci 1992, to the extent that such incom¢ or ga￿8 are applied
exelusively to tharitabl¢ putposes.
13 Discorktinued Operations
By the ye2r-end, Attna Lounge ceased opeT&lions within ISKCON London. It was esiablithed as a separat4
8lartd-alone tharity. Throughout these financial slat¢ments, the income alld donations received, and exp¢ns¢s by
Lowige during the year end¢d 31 December 2023 bave been disclosed separately a5 Discontinued
OperatsotL5 Inotably Oll the face of the Statetllellt of Fil￿)¢18[ Aciivity and notes 3, 4, 5, 6, 7 and S}. These will
no longer be getteTated witliin ISKCON Lottdon after the year end.
14
Tllnglble llxed *ssetS
Long
Leayehold
Plant 2nd
maehinery
Mothr
vehicles
Capital
work
progress
Total
Cost
At l January 2023
Addition5
Disposals
Ai 31 D¢c¢mb¢r 2023
1.169,321
5,820
{852.0261
323.115
87,475
63,098
137,6281
112.945
1,370,377
77,181
{889,6541
557.904
8,263
113,58L
8,261
DepreciatLOII
At l January 2023
Chargc for the year
Eliminaod ort disposals
At 31 December 2023
Net book value
At 31 December 2023
274,398
32,311
{74,450}
232,259
57,298
20,832
{35,080)
43,Q50
57.793
13,947
389,489
67,090
1109,5301
347,049
71,740
90,856
894.923
69,895
30,177
41,841
55.788
8.263
210,855
980,888
At 3 1 December 2022
Capitsl commitmenis as at 31 December 2023 iolalled £3,305 {2022.. £Nil).
During the y¢8r the charity dispo￿d a l¢a5¢hold propety for a llet gaiti ott disposal of £6,032. The dL5posed
plarti and machinery resulted In a net Ii)sg on dispos2] of £18,156.
Page 27

Interniitionxl Society For KrishnYA Consciousness London
Notes to the Flnancial Statements for the Year Ended 31 December 2023
IS Fixtd &sset investments
2023
2022
Investment properties
584,291
535,643
Investment propertles
Invcstment
properties
C05t or Valuation
At l January 2023
Revaluation
535.643
48.648
At 31 DecemL*r 2023
584,291
Provision
At 31 Decetnber 2023
Net book v￿u*
At 31 December 2023
584,291
At 31 December 2022
535.643
During the year, the Charity's investrllenl property was revalued upwards by £48.648 12022.. no change in the
value of the investment PTopety}. The revaluation was based on an assessment of rnllTket PTices for similar
properties In the area where the property is located. This a88¢ssnient was undertaken by agents familiar with the
local propety market. The revaluatton reflects the fair value of the pruperty al the year-end and is consistent
with the value subgequeDtly obtained by the chatity when the PToperty was sold ID August 2024.
16 Stock
2023
2022
Good5 for ￿sa]e
117,535
86,736
Page 28

InternatlODal Society For KrlshDa Consciousness London
Notes to the Fingncial Statements for the Year Ended 31 Deeember 2023
17 Debtors
2023
2022
Trade debtorg
Due frotn group und¢rtthng8
Other debtois
2,063
260,310
60.493
53,462
376,328
2,923
260,310
59,010
69,246
391.489
Prepayments and accrued ill￿Me
The amounts due from group undertakings are int¢r¢st-free. unsecured, and receivable after more than one year.
Included within other debtors are alsu an]ounts recoverable after mure Ihtn one year. totalling £2169212022..
£15,8591.
18 Credltors.. amollnt$ falling due within one yeY4r
2023
2022
Trade ¢reditOTS
to group undertakings
Other taxation Social security
Other creditors
Accru￿5
74,499
92,988
114,532
105,236
75.583
160,251
86,879
87,266
418,349
444,243
The amourtt due to group undertakings are unsecured, ittterest free gnd r¢payable on demattd.
19 Pension And other schemes
Defxned tontribution pension scherne
The ¢harity OP¢Tales a defined contribution pension s¢h¢me. Contributions payable by th¢ ¢hgTity to the scheme
during the yearettded 31 DecembeT 2023 tot21 £13,21212022.. £9.1191.
Contribution8 totallin8 £3,037 {2021.. £2,041) W¢T¢ payabl¢ to the sclieme at the end ot the year and are included
in creditor5.
Page 29

o o

International Society For Krlshna Consciousness London
Notes to the Fingncial Statements for the Year Ended 31 December 2023
20 Funds Icohtlnllédl
A]Jalysis of movement in funds in the prevÈous year
Bxlance #t i
January
2022
Bilance at 31
December
Ineomlng Resourfe5
resourtes
expended
Cains
losses
Transfers
2022
Unrestricted funds
Gener#1 funds
G￿traI
2.006,796
132.5001
1,974.296
2,493,287 12,101.7801
1203,2001
2,195,103
(12,500)
2,162,603
Revaluatioo reserve
TotaI general funds
2,493,287 {2,101,7801
1203.2001
Deylgnated funds
Property fund
Nitya Sev&
Benevolent fund
155,OQO
8,000
16,195
66,000
67,WO
312,195
155,200
310,200
8.000
16,195
Restaur3Dt refvrbishrnent
24,0(KJ
24,000
203,200
90.OIX>
91,(M)O
515,395
Deity refueoTshmeht
Total designated funds
Tot￿ unrestricted funds
2,286,491
2.493,287 12,101,780)
2.677,998
Restrltted
New temple futtd
126,804
Total fund8
2.413,295
2.483 287 12,101.780
2,804,802
Uthre$trieted fllnds
Ceneral funds
GetLerg1 fulld5.' This represents fllt￿S that eatt be fieely llsed by the charity to meet its objectiv¢s.
Revaluation reserve.. This represents accumulated UTJreaJised gains and Ios8e8 Ort the thÉrity's investtnent
properties.
Duignkt¢d funds
Property fiu]d.. This reserve represents funds that have been rtrtg-feT￿d for future pi'opety purch2S¢S.
Benevolent furd.. This was set up with donations from Mr. Mortin Hay¢5 and Ms. Jaqueline RaymeTr to a&8iSt
devotees in dire Jjeed, especially our temple residents.
Restaurant refurbishment.. This fund reprtsenls monies that have been ring-fenced for th¢ r¢furbishm¢nt of the
Govinda'8 restaurant irt London.
Dcity refvrbishmettt.. This fimd represents tnoni¢s that have been rin8-fertced for the TefiiTbishment of the Pujari
department fa¢ilities.
P28e31

International Society For Krishna Consciousness London
Notes to the Financial Statements for the Year Ended 31 December 2023
20 Funds IcontlThlltdl
Designated funds IcoTJt.I
Atma Lounge.. As deseribed in note 13 of these financial statements, by the year-end. Attna Lourtge ceased
operations within ISKCON Lortdon and was established as a separate, stand.alon¢ charity. The nei fimd5
generated by the centre during the ye￿, atnounting to £103,988. will be retained by ISKCON Lolldoll. However,
ISKCON London has designdted £59,908 of these funds to be Irattsfe￿ed lo the new charity. This atntunt
represents certain ideniified assets (net of liabilities) and net funds generated by th¢ c¢ntre over the past 8 years.
This will be donated to Alma Lounge, the new charity ill 2024. Conscquently, these amounts have b¢¢n
transferred 10 designated fi￿d$. This d¢signation of funds is in addition lo the £75.￿ that was paid by
ISKCON London during the yeaT Irefer to Note 8al.
Restricted funds
New temple fund.. The restricted funds above relate to donation5 received specifically foT a new l¢mple.
21 Analysis of net assets between funds
Current year
Unrestrlctèd
funds
Restricted fvnds
Totsl tsttd$
Tangible fixed as8ets
Invcstsnenls
Current assets
cu￿¢llt liabilities
Creditors over l year
210,855
584.291
2,893,587
1418,349)
210,855
584,291
3,020,391
(418,349)
126,804
Total net 855¢ts
3,270,384
[26,804
3,397,188
Prlor yegr
UnrestrIcted
Restrl¢ted funds
Totsi funds
T4ngibl¢ fixed assets
InvestmenE8
980.888
535.643
1,605.710
1444,2431
980,888
535,643
1,732,514
1444.2431
Current assets
Current liabilities
Creditors over l ye&T
126.804
Total net assets
2 677 998
126,804
2 804,802
Page 32

International Society For Kri5bna Consclousness London
Notes to the Financial Statements for the Year Ended 31 December 2023
22 Related party rr*thsattiOII$
The International Sociely foT Krishna Consciousness Londoll purchased knuks for the amourti of £174,055
12022.. £140,725) fi"on] the International Society for Ktishlla Consciousness Limited, a chartty incorpor3*d ill
Ertgldnd and Wal£g. Further, Intematiortal Society for Krisbna Consciousness Limited reLhar8¢d affiliatiort fee5
and premises insurance to Intcmaiional Society for Krishna Consciousness London of £29,159 {2022.. £20,308).
International Society foi Krishna Consciousness LondoD has also donated £10.008 to lllternatiottal Society for
Krishna Consciousness Limited, which will b¢ donated 10 TOVP.
Ai 31 Decejnbet 2023, the Illleinalional Society for KrishDa Consciousness London owd InLerndlional Society
for Krishna CtrnsciousDess Limitcd £33,855 12022.. £20,308} for puTchDses, Intemational Society for Krishrta
ConsciousD¢%s Limiied owed International Society for Ktishna Consciousttess Lo4don £260,310 12022..
£260,310) foT the payments made 10 pui"chase fr¢¢hold property.
In 2020, Intematiottal Society for knshna Consciousness Litnited made a loan of £161.400 to In￿rnatiOnAl
Society for Kris[￿a Consciousness London, relating 10 a propety in Crawley. The bulance remainin8* payable
by the chariry on this loan at 31 December 2023 was £57,33812022.. £137,669).
The International S(Kiety for Krishna Conseiousrtess Lon(knn is considered to be a subsidiary of th¢
Intem2tiorL41 Society for Krishna Consciousness Limited.
Inttrngtloual Sotiety for Krishna Consclou$tt¢ss LA>ndon and International Sodety for Krishna
Consciousne55 Bhaktlvedanta M2nor Limitéd
The IrtQThktional Society for Krishna Consciousness London purch&s¢d BTG Magazirtes for £279 12022..
£1,535) from the Internttional Society for Krishna Consciousness Bhaktivedattia M3nor Limited, a chaTity
incorporated in Englattd artd Wales.
At 31 December 2023, the International Society for Krishlla Consciousness London owed £Nil12022.. £Nill to
the Internatiottal Society for Krishna Consciousness Bhaktiv¢danta Manor Limited.
The Internationtl Society for Krishna Consciousness Bhaktivedanta Manor Limited is cortsideTed to be a
8ubsi(tiary of the International Society for Krisima Consciousnes8 Limiied.
InÉern&tlott21 Society for KrishnA Consclousness London and Bhaktlv¢danta Manor Llmlted
The lrttematioTval Society for Krisljna Consciousn¢s5 London made purchascs of Goshald Milk for £8.060
(2022.. £3,700) from Bhaknivedartia ManoT Limited, a trading company incorporated irt EnglaDd and Wales.
At 31 December 2023. the InteTnAtion21 Society for Krishna CortS¢iOU5ness London owed £1,79512022.. £8001
lo Bhaktivedanta Manor Limited
Bhaktivedattta ManoT LiTnited 15 considered lo be a subsidiary OE IntetllAtional Society for KJishna
Cottsciousnes5 Bhoktivedanta Manor Liti)iled.
Page 33

International Society For Krishna Consclousness London
Notes to the Financial Statements for the Year Ended 31 December 2023
23 Parent and ￿ltiMate parekt ￿rjdertakI￿E
The tr￿St¢eS consid¢r the Intemalional Society foT Krishna Consciousness Limited (registered company number
00962009), a charity incotpurated wtthin the United Kingdom as (he ultiTnate controlling party.
Copies of the consolidated financial slao]nellt5 of Inter]]atlOllal Society for Krishna Consciousne55 Limited are
available upon request from..
Oak House
I Warford Road
Radlett
HertfoTd5hire
WD7 SLA
Page 14