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2023-03-31-accounts

The Registered Company Number is:- 06649268

The Charity Registration Number is :- 1134898

Shree Ram Krishna Community Project

Report and Accounts

31 March 2023

Shree Ram Krishna Community Project

Report and accounts

Contents

Page
Charity information 1
Trustees' Annual Report 2-5
Statement of directors' responsibilities 5-6
Independent Examiner's Report 7-8
Funds Statements:-
Statement of Financial Activities 9
Income and Expenditure account 10
Statement of Financial Activities - Prior Year statement 11
Balance sheet 12
Notes to the accounts 13-21

Shree Ram Krishna Community Project

Registered company number:- 06649268

Reference and administrative details

Members Trustees

V.V. Odedra, Trustee K.P. Mistry K.L. Harris N. R. Sinha Gopal Sharma

Company registered number

6649268

Charity registered number

1134898

Company name

Shree Ram Krishna Community Project

Principal and registered office

First Floor, Alfred Street, Loughborough, Leicestershire, LE11 1NG

Chief executive officer

V.V. Odedra

Accountants

Jitender Kaur, Fairfax Chartered Accountant, 9 Stoughton Road, Oadby, Leicester LE2 4DS

1

Shree Ram Krishna Community Project

Registered company number:- 06649268

Trustees' Annual Report for the year ended 31 March 2023

The Trustees present their Report and Accounts for the year ended 31 March 2023, which also comprises the Directors' Report required by the Companies Act 2006.

The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 2015).

Structure, Governance and Management

a) Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts. and its governing document is a Memorandum and Articles of Association under company legislation.

The Governing Document is dated 17/07/2008.

By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The company commenced trading on 17 July 2008 and was registered witht the Charity Commission on 12 March 2010 as Charity Number 1134898. The charitable company is governed by its Memorandum and Articles of Association, last amended 15 February 2010, and the event of the charitabe company being wound up the liability of the member is limited to £10.

b) Method of Recruitment and Appointment of Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year were:

V.V. Odedra K.P. Mistry K.L. Harris N.R. Sinha Gopal Sharma

The charity may by ordinary resolution appoint a person who is willing to act to be a director, and determine the rotation in which any additional directors are to retire.

Objects and activities of the charity

a) Objects and Aims

The objects of the charity are to advance education, preserve and protect health, relieve poverty and to provide facilities for recreation or leisure time occupation for parents who are in need of such facilities by reason of their social or economic circumstances, for the benefit of the residents of Loughborough or for the public at large, with the object of improving their conditions of life.

The restrictions on the ways in which the charity can operate are as laid out in the constitution of Shree Ram Krishna Community Project held by the Charity Commission, these being:

-All decisions related to distribution of general funds are agreed by the management committee.

2

Shree Ram Krishna Community Project

Registered company number:- 06649268

Trustees' Annual Report for the year ended 31 March 2023

-No profit is applied, paid or transferred either directly or indirectly for gain to any member of the organisation; provided this does not prevent payment of any approved or out of pocket expenses.

-No amendments are made to the constitution that would cause the organisation to cease to be a charity at law.

-In the event of a dissolution all property will be given or transferred to other charitable institutions with the same or similar objectives to the Shree Ram Krishna Community Project. This will only be done with the approval of the Charity Commission.

The Project Manager, Rajesh Karsanji is the day to day manager and is the link between staff and the trustees. He is the Head of Centre and Registered Person in charge.

The trustees are aware of the Charity Commission's general guidance on public benefit and have considered it when reviewing their aims and objectives and planning future activities. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charitable company should undertake.

b) Activities for achieving objectives

Little Fingers pre-school continues to run at almost full capacity for morning sessions and is now recruiting for afternoon sessions and has secured continued funding from BBC Children IN Need to work with its Preschool children and parents.

ESOL classes continued and the number of learners increased over the year.

Community transport continued to be provided to centre users throughout the year.

The Shree Ram Krishna Community Project (SRKCP) continued to provide full services.

Financial review

a) The charity's financial position at the end of the year ended 31 March 2023

The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Designated Revenue Funds
Total Unrestricted Funds
Restricted Revenue Funds
Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net expenditure		 2023
£
(24,196)
32,116
34,782
66,898
19,899
86,797		 2022
£
(7,246)
21,034
34,782
55,816
55,177
110,993

3

Shree Ram Krishna Community Project

Registered company number:- 06649268

Trustees' Annual Report for the year ended 31 March 2023

Principal sources of income were Creche funding, and principal expenditure was on staff to deliver the charity's services.

Hand sanitiser dispensers are still in place, also a supervised cleaning procedure and defined entry and departure routes. A security system with video and audio and remote locking has been installed to improve the security of the Project’s occupants and premises.

Little Fingers Pre-school playgroup underwent an Ofsted inspection in January 2023, delayed because of Covid-19 precautions.Following the Ofsted inspection of our pre-school playgroup we were obliged to terminate the operation of the playgroup and, as a consequence, had to make five members of staff redundant. Redundancy payments were subsequently made to all of these employees. Following on from falling numbers registering for the playgroup there was also a repayment made to Leicestershire County Council for overpaid fees.

As a consequence the Project Manager is currently the only full-time employee of the Project. We do have a part-time driver for our minibus and also a part-time cleaner. Our outgoing costs are thus greatly reduced at present.

During the second half of 2023 we added two new members to the Management Committee who bring new areas of expertise and contacts in various new directions. We are planning to expand our operations into the areas of combatting social isolation, improving health and well-being and support for refugees in the community.

We are currently investigating the possibility of partnering with various bodies such as Loughborough University, DeMontfort University and local surgeries and health centres within Charnwood Borough. Along with these explorations we are actively seeking grant funding to support these projects in the longer term. Charitable undertakings such as the Macmillan Charity Coffee Morning, community lunches and other fundraising activities will also continue.

Policies on reserves. c)

The charity holds a designated reserve of £34,782 for the replacement of its minibus. The minibus reserve is not considered as part of 'free reserves' as the minibus will need to be replaced soon. It is the policy of the charity to build up a contingency reserve of approximately 4 months staff costs of £25,000. The trustees aim to try to increase 'free reserves' to this level over a 2-3 year period.

d) Going Concern

After making appropriate enquiries, the governing body has a reasonable expectation that the Charity has adequate resources to continue in operational existence for the next 12 months. For this reason it continues to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

e) Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

4

Shree Ram Krishna Community Project

Registered company number:- 06649268

Trustees' Annual Report for the year ended 31 March 2023

f) Financial Risk Management Policies

The trustees have addressed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks. This management strategy is reviewed annually. The trustees have taken steps to see that trustees and staff have the necessary knowledge, expertise and responsibilities to help mitigate risk.

-One member of staff is responsible for Health and Safety at Work. Three staff hold current certificates in First Aid at Work.

-Training has been given to trustees and staff in child protection legislation and all other relevant legislation relating to childcare. Appropriate policies and procedures are in place, along with the relevant registrations with the authorities.

Plans For the Future

We are currently investigating the possibility of partnering with various bodies such as Loughborough University, DeMontfort University and local surgeries and health centres within Charnwood Borough. Along with these explorations we are actively seeking grant funding to support these projects in the longer term.

Statement of Directors' and Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP 2015.

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

recommended practice have been followed , subject to any material

departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

5

Shree Ram Krishna Community Project

Registered company number:- 06649268

Trustees' Annual Report for the year ended 31 March 2023

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 9 -21. The financial statements have been prepared implementing the Statement of Recommended Practice for Accounting and Reporting by Charities 2015 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

These accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 05th Jan 2024.

Vimanji Odedra (Jan 30, 2024 10:51 GMT)

V.V. Odedra Director and Trustee

Jan 30, 2024

6

Shree Ram Krishna Community Project

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2023

I report on the financial statements of the charitable company on pages 12 to 21 for the year ended 31 March 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102 (effective January 2015) as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales, effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 19.

Respective responsibilities of Trustees and Independent Examiner

As described on page 9, the charitable company's Trustees , who are also the Directors of the Company for the purposes of Company law,are responsible for the preparation of the financial statements.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-

Basis of Examiner's Statement and scope of work undertaken

I conducted my examination in accordance with the General Directions issued by the Charity Commission for England & Wales, under section 145(5)(b) of the Act, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asTrustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above , in connection with my examination, I can confirm that :-

In accordance with Regulation 31 of The Charities (Accounts and Reports) Regulations 2008, (The Regulations) the accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

7

Shree Ram Krishna Community Project

This is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable;

and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-

to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the Charities Act 2011;

to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and The Charities Act 2011 and;

that the accounts comply with section 396 of the Companies Act 2006 and that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2015)

have not been met or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached;

Jitender Kaur - Independent Examiner

9 Stoughton Road Oadby Leicester

LE2 4DS

This report was signed on 03/01/2024

8

Shree Ram Krishna Community Project - Statement of Financial Activities for the year ended 31 March 2023

Income & Endowments from:
Donations & Capital Grants
Charitable activities
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net expenditure for the year
Transfers between funds
Net income after transfers
Net movement in funds
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward		 Current year
Unrestricted
Funds
2023
£
-
15,892
73
15,965
4,883
4,883
11,082
-
11,082
11,082
55,816
66,898		 Current year
Restricted
Funds
2023
£
-
51,178
-
51,178
86,456
86,456
(35,278)
-
(35,278)
(35,278)
55,177
19,899		 Current year
Total Funds
2023
£
-
67,070
73
67,143
91,339
91,339
(24,196)
-
(24,196)
(24,196)
110,993
86,797		 Prior Year
Total
Funds
2022
£
1,000
78,583
-
79,583
86,829
86,829
(7,246)
-
(7,246)
(7,246)
118,239
110,993

All activities derive from continuing operations The notes attached on pages 13 to 21 form an integral part of these accounts.

9

Shree Ram Krishna Community Project Income and Expenditure Account for the year ended 31 March 2023 as required by the Companies Act 2006

Income
Income from operations
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
All activities derive from continuing operations
Net income before tax in the financial year
Net income after tax in the financial year		 2023
£
67,070
73
67,143
67,143
90,239
125
975
91,339
(24,196)
-
(24,196)
(24,196)		 2022
£
79,583
-
79,583
79,583
85,684
170
975
86,829
(7,246)
-
(7,246)
(7,246)

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 13 to 21 form an integral part of these accounts.

10

Shree Ram Krishna Community Project - Analysis of prior year total funds

Income & Endowments from:
Donations & Capital Grants
Charitable activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income/(expenditure) for the year
Transfers between funds
Net income after transfers
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Prior Year
Unrestricted
Funds
2022
£
1,000
25,000
26,000
(1,232)
(1,232)
27,232
8,445
35,677
35,677
20,139
55,816		 Prior Year
Restricted
Funds
2022
£
-
53,583
53,583
88,061
88,061
(34,478)
(8,445)
(42,923)
(42,923)
98,100
55,177		 Prior Year
Total
Funds
2022
£
1,000
78,583
79,583
86,829
86,829
(7,246)
-
(7,246)
(7,246)
118,239
110,993

11

Shree Ram Krishna Community Project - Balance Sheet as at 31 March 2023

Notes 2023 2022
£ £
Fixed assets
Tangible assets 6 501 626
Current assets
Debtors 7 2,099 83
Cash at bank and in hand 85,482 112,497
Total current assets 87,581 112,580
Creditors: amounts falling due
within one year 8 (1,285) (2,213)
Net current assets 86,296 110,367
The total net assets of the charity 86,797 110,993
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
Restricted Revenue Funds 9 19,899 55,177
Unrestricted Funds
Unrestricted Revenue Funds 9 32,116 21,034
Designated Funds
Designated Revenue Funds 9 34,782 34,782
Total charity funds 86,797 110,993

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Vimanji Odedra (Jan 30, 2024 10:51 GMT)

V.V. Odedra Trustee Approved by the board of trustees on 10/01/2024

The notes attached on pages 13-21 form an integral part of these accounts.

12

Shree Ram Krishna Community Project

Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 (effective January 2015)) and 'The FRS102 Statement of Recommended Accounting Practice 2015', (The SORP 2015), and in accordance with all applicable law in the charity's jurisdiction of registration.

Company Status

The company is limited by guarantee. The members of the company are the Trustees named on page .. . In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Risks and future assumptions

The accounts have been prepared on a going concern basis on the assumption that grant income from funding bodies will continue to be received.

Policies relating to categories of income and income recognition.

Nature of Income and Income recognition

Income, is received by way of grants, donations and gifts, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Accounting for deferred income and income received in advance

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

13

Shree Ram Krishna Community Project

Notes to the Accounts for the year ended 31 March 2023

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value o estimated useful lives.

Plant and machinery

15 % reducing balance

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

As required by SORP 10.81, describe the basis on which creditors and provisions for liabilities and charges are recognised and measured

Cash and Bank Balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

Leasing and hire purchase contracts and commitments

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Interest Receivable

Interest on fund held in deposit is included when receivable and can be measured reliably by the academy.

2 Liability to taxation

As a registered charity, the organisation is exempt from income and corporation tax to the extent that its income and gains are applied towards the charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

14

Shree Ram Krishna Community Project

Notes to the Accounts for the year ended 31 March 2023

Depreciation of owned fixed assets
Pension costs
Staff costs and emoluments
Numbers of full time employees or full time equivalents
The average number of total staff employed in the year was
The net (deficit)/surplus before tax in the financial year is stated after charging:-		 2023
£
170
4,249
2023
3		 2022
£
170
754
2022
7

4 Staff costs and emoluments

5 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

6 Tangible fixed assets

Cost
At 1 April 2022
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
Debtors
Trade debtors		 Land and
Buildings
£
-
-
-
-
-
-
-		 Furniture,
Fixtures
and
Fittings
£
7,213
7,213
6,587
125
6,712
501
626		 Office
Equipment
£
-
-
-
-
-
-
-
2023
£
2,099
2,099		 Total
£
7,213
7,213
6,587
125
6,712
501
626
2022
£
83
83

7 Debtors

8 Creditors: amounts falling due within one year

2023

2022

15

Shree Ram Krishna Community Project

Notes to the Accounts for the year ended 31 March 2023

Trade creditors
Accruals
Change in total funds over the year, analysed by individual funds
£
£
Unrestricted and designated funds:-
Unrestricted revenue funds
21,034
15,965
Designated revenue funds
34,782
-
Total unrestricted and designated funds
55,816
15,965
Restricted funds:-
Preschool Funding
54,302
28,921
Shires Ladies Grant
4,998
Project Income
10
HAF Holiday Club
6,244
People's Health Trust
2,045
Men's Group Grant
875
5,600
Sir George Eagle Grant
2,900
Tea and Talk Grant
460
Total restricted funds
55,177
51,178
Total charity funds
110,993
67,143
Income
Funds
brought
forward from
2022		 £
385
900
1,285
£
(4,883)
-
(4,883)
(63,324)
(4,998)
(10)
(6,244)
(2,045)
(6,475)
(2,900)
(460)
(86,456)
(91,339)
Expenditure		 £
413
1,800
2,213
£
32,116
34,782
66,898
19,899
-
-
-
19,899
86,797
Funds carried
forward

9 Change in total funds over the year, analysed by individual funds

10 Analysis of movements in funds over the year as shown in Note 9

Income Expenditure Transfer Movement
In funds in funds
2023 2023 2023 2023
£ £ £ £
Unrestricted and designated funds:-
Unrestricted revenue funds 15,965 (4,883) 11,082
Restricted funds:-
Preschool Grant 28,921 (63,324) - (34,403)
Shires Ladies Grant 4,998 (4,998) -
Project Income 10 (10) - -
HAF Holiday Club 6,244 (6,244) - -
People's Health Trust 2,045 (2,045) - -
Men's Group Grant 5,600 (6,475) (875)
Sir George Eagle Grant 2,900 (2,900) - -
Tea and Talk Grant 460 (460) - -

16

67,143 (91,339)

(24,196)

Shree Ram Krishna Community Project

Notes to the Accounts for the year ended 31 March 2023

-

11 The purposes for which the funds as detailed in note 9 are held by the charity are:-

Unrestricted and designated funds:-

Unrestricted revenue funds

Designated revenue funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Designated funds are unrestricted funds earmarked by the Trust Directors for particular purposes.

Restricted funds:-

Restricted funds:-

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

12 Ultimate controlling party

The charity is under the control of its legal members.

17

Shree Ram Krishna Community Project

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

13 Donations and Legacies
Donations and gifts from individuals
Total donations and gifts from individuals
Small donations individually less than £1000		 Current year
Unrestricted
Funds
2,023
£
-
-		 Current year
Restricted
Funds
2023
£
-
-		 Current year
Total Funds
2023
£
-		 Prior Year
Total Funds
2022
£
1,000
1,000

14 Income from charitable activities - Trading Activities

a)
Grants Receivable for Core Activities
Groundworks UK
b)
Fees,Activities,Trips and Creche Income
Preschool Fees
Parent Workshop Grant
Total Grants Receivable for Core Activities
Men's Group Grant
Tea and Talk Grant
Preschool Funding
Shires Ladies Grant
Project Income
Sir George Earle Grant
JRS Grant
People's Health Trust
HAF Holiday Club		 Current year
Unrestricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
Current year
Unrestricted
Funds
£
2023
993		 Current year
Restricted
Funds
2023
£
28,921
-
4,998
10
6,244
2,900
-
2,045
5,600
-
460
51,178
Current year
Restricted
Funds
£
2023
-		 Current year
Total Funds
2023
£
28,921
-
4,998
10
6,244
2,900
-
2,045
5,600
-
460
51,178
Current year
Total Funds
£
2023
993		 Prior Year
Total Funds
2022
£
18,505
4,916
3,000
610
10,513
-
2,123
10,228
1,650
2,038
-
53,583
Prior Year
Total Funds
£
2022
15,677

18

Shree Ram Krishna Community Project

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

Minibus Income
Hall Hire
Creche
Photocopy Income
Preschool Trip
Total Fees,Activities,Trips and Creche Income		 150
12,322
2,393
34
-
15,892		 -
-
-
-
-
-		 150
12,322
2,393
34
-
15,892		 -
5,355
2,920
203
845
25,000

c) Total Income from charitable activities

Fees,Activities,Trips and Creche Income
Total Grants Receivable for Core Activities
Total from charitable activities		 Current year
Unrestricted
Funds
£
2023
15,892
-
15,892		 Current year
Restricted
Funds
£
2023
-
51,178
51,178		 Current year
Total Funds
£
2023
15,892
51,178
67,070		 Prior Year
Total Funds
£
2022
25,000
53,583
78,583

15 Investment income

Total investment income
Bank Interest Receivable		 Current year
Unrestricted
Funds
2023
£
73
73		 Current year
Restricted
Funds
2023
£
-
-		 Current year
Total Funds
2023
£
73
73
-		 Prior Year
Total Funds
2022
£
-
-

16 Expenditure on charitable activities - Direct spending

Current year
Current year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
-
62,519
-
289
-
-
-
4,249
Total direct spending
-
67,057
17
Current year
Current year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
Support costs for charitable activities
Gross wages and salaries including Employer's NI - c
Preschool Expenses
Pension Contributions
Volunteer Expenses		 Current year
Total Funds
2023
£
62,519
289
-
4,249
67,057
Current year
Total Funds
2023
£		 Prior Year
Total Funds
2022
£
57,897
433
3,032
3,728
65,090
Prior Year
Total Funds
2022
£

19

Shree Ram Krishna Community Project

Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015

Premises Expenses
Administrative overheads
Total support costs
Bank Charges
Project Expenses
Office /Admin Expenses
Premises repairs, renewals and
maintenance
Preschool Trip
Telephone and Internet
Rent,Rates and Insurance
Property insurance
Postage, stationery and Printing
Light heat and power
Cleaning and waste management
Photocopier Lease and Maintenance
Minibus Expenses
Depreciation
Volunteers' costs
Training and Welfare
Software and computer expenses
People Health Trust Grant Expenses
Shires Grant Expenses
Sir George Earle Grant Expenses
Summer Playscheme/HAF		 -
-
-
625
-
-
-
-
187
-
-
565
-
-
-
137
125
-
2,246
-
58
3,943		 10,521
3,985
120
-
717
211
538
225
-
-
24
-
965
-
1,273
-
-
85
-
700
-
19,364		 10,521
3,985
120
625
717
211
538
225
187
-
24
565
965
-
1,273
137
125
85
2,246
700
58
23,307		 10,494
4,184
386
(3,475)
-
-
-
-
158
185
740
538
2,556
642
1,965
230
170
41
-
1,928
22
20,764

18 Other Expenditure - Governance costs

Accountancy Fees Current year
Current year
Current year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
2023
2023
2023
2022
£
£
£
£
900
-
900
900
Legal and Professional 40
35
75
75
Total Governance costs 940
35
975
975
**19 ** Total Charitable expenditure
Total Charitable expenditure
Total direct spending Current year
Current year
Current year
Prior Year
Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
2023
2023
2023
2022
£
£
£
£
-
67,057
67,057
65,090
Total support costs 3,943
19,364
23,307
20,764
Total Governance costs 940
35
975
975
Total charitable expenditure 4,883
86,456
91,339
86,829

20

Final Accounts 2023

Final Audit Report

2024-01-30

Created: 2024-01-26 By: Jitender Kaur (info@fairfaxtaxaccounts.com) Status: Signed Transaction ID: CBJCHBCAABAAUhjUWWMeOYi7thheN_Twc0UR1kxUpJ-R

"Final Accounts 2023" History

Document created by Jitender Kaur (info@fairfaxtaxaccounts.com)

2024-01-26 - 3:48:35 PM GMT- IP address: 82.16.0.112

Document emailed to vimanjiodedra@hotmail.co.uk for signature

2024-01-26 - 3:49:29 PM GMT

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Signer vimanjiodedra@hotmail.co.uk entered name at signing as Vimanji Odedra 2024-01-30 - 10:51:32 AM GMT- IP address: 85.255.236.70

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Signature Date: 2024-01-30 - 10:51:34 AM GMT - Time Source: server- IP address: 85.255.236.70

Agreement completed.

2024-01-30 - 10:51:34 AM GMT