2021-04-30-accounts - Shirdi Sai Baba Temple Association Of London

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Shirdi Sai Baba Temple Association of London

UNAUDITED FINANCIAL STATEMENTS

30th April 2021

Company number 6885384

Charity number 1138530

Shirdi Sai Baba Temple Association of London Financial Statements For The Year Ended 30th April 2021

Contents
	Page
Reference and administrative details	3
Trustees annual report	4
Independent examiner's reports to the Trustees	7
Statements of financial activities	9
Balance sheet	10
Notes to the financial statements	11
The following pages do not form part of the financial statements
Detailed statements of financial activities	13

Shirdi Sai Baba Temple Association of London

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Number

Company number

Trustees

Registered office

Independent examiner

1138530 6885384

Reena Premji Kakkad Sree Rama Krishna Raju Kamella Vinit Chandulal Lakhani

26 Barnhurst Path Watford WD19 6TT

Burjor Mistry B J Mistry & Co 7 Hanover Court 112 - 116 Bessborouh Road Harrow HA1 3DU

Shirdi Sai Baba Temple Association of London

Trustees Annual Report

For The Year Ended 30th April 2021

The Trustees (who are also directors of the charity for the purposes of the Companies Act) pleasure in presenting their annual report together with the unaudited financial statements of the charity for the year ended 30th April 2020. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities"

The Trustees

The trustees who served the charity during the period were as follows:

Reena Premji Kakkad Sree Rama Krishna Raju Kamella Vinit Chandulal Lakhani

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity is registered as a members' limited liability company and was incorporated on 23rd April 2009. The charity is constituted under its Memorandum and Articles of Association and is a registered charity number 1138530.

In the event of the charity being wound up, any surplus assets remaining after the satisfaction of all debts and liabilities may not be paid to or distributed among the members, but must be transferred to such other charitable institution or institutions having objects similar to the objects of the charity.

OBJECTIVES AND ACTIVITIES

Our Vision

To advance the faith for the benefit of the public in accordance with the teachings of Shirdi Sai Baba as set out in the Satcharitra in particular through holding of prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature on Shirdi Sai Baba's teachings.

SHITAL is also focused on supporting local communities by offering food distribution and other services.

Aims and Objectives

To achieve this vision, SHITAL's aims and objectives during the year were:

To teach social, cultural, moral and traditional values to children, teenagers, youths and adults.
To ensure that legislation and regulation is complied in relation to the impact of change and burden of bureaucracy on charities.
To raise standards by developing and promoting the best practice in the management of charities through training and
To ensure SHITAL remains a suitable organisation through fund raising activities.

Shirdi Sai Baba Temple Association of London

Trustees Annual Report

For The Year Ended 30th April 2021

Volunteers' contribution in achieving the objectives of the Charity

SHITAL enlists the services of more than 250 volunteers nationwide in delivering the aims and objectives of the Charity

The volunteers are organised through a framework involving National and Regional.
Providing services in various departments including security, administration, congregation, organisation, kitchen, audio/video/photography, press &, publicity, finance, youth & children activity, adult activity etc
Organising regional assemblies.

The charity depends heavily upon the continuing support of devotees. We also thank all volunteers for the hard work during the year, particularly those working on food preparations, cleaning, organised special events, decorations, cultural programmes and other religious activities and pray that they continue to serve Shirdi Sai Baba in the future

ACHIEVEMENTS AND PERFORMANCE

Event during the year

The Charity continues to attract an increasing number of followers each year. This year was no exception, with many devotees and taking part in daily activities.

Annual festivals such as Guru Purnima, Ramnavami (birth anniversaries of Lord Rama) , Janmashtami (birthday of Lord Krishna), Diwali and Hindu New Year were celebrated by SHITAL.

Weekly congregation organised at all temples & 4 centres to spread Shirdi Sai Baba's message. The assemblies consist of inspiring speeches and thought provoking discussion to devote pride for SHITAL, to bring awareness of the misuse of social networking tools and to strengthen the relationship and attachment to Shirdi Sai Baba.

Financial Review

Net surplus:

The net surplus/(deficit) for the charity for the period was £61,424: (2020: £89,444)

Risk Management and Investment Policy

The trustees have assessed the major risks to which the charity is exposed, in particular those related to generating income.

The trustees have made no risk related investments. A formal review is undertaken regularly to ensure that all surplus funds are invested in bank and building society accounts at best rates of interest.

PLANS FOR FUTURE PERIODS

The charity plans to continue events and activities to achieve its aims.
Initiate “Shree Shirdi Sai Vidyapith” through which charity will be opening education institution across UK and Europe

Shirdi Sai Baba Temple Association of London

Trustees Annual Report

For The Year Ended 30th April 2021

RESPONSIBILITIES OF THE TRUSTEES

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period.

In preparing these financial statements, the trustees are required to:

State whether applicable accounting standards have been followed, subject to any material departures disclosed and
Observe the methods and principles in the Charities SORP;
Make judgements and accounting estimates that are reasonable and prudent;
State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

INDEPENDENT EXAMINER

Burjour Mistry has been appointed as independent examiner.

Signed by order of the trustees

Reena Premji Kakkad

BJMistry&Co Phone . 020 8864 4877 Moblle . 07917123 751 Email . burJomi18try Chartorod A¢eountant8 ol.com 7, Hanover Court 112-11$ B88sborough Road Harrow Mlddle8•x HAI 3DU INDEPENDEKf EXAMINER'S REPORT ON THE AccouKfs FOR THE YEAR ENDED 30- APRIL 2021 CHARITY NUMBER 1138530 COMPANY NUMBER 6885384 Re ort to the Trustees London Members of Shirdi Sai Baba Tem le Associatlon of . RESPEcfivE RESPONSIBILinES OF TRUSTEES AND EXAMINER The Charivs Trustees are responslble for the preparation of the accounts. The charlvs trustees conslder that an audlt Is not required for thi5 year under Section 144 Of the Charltles Act 2011 and that an Independent examlnation is needed. The Charltvs 8r055 income exceeded £ 250.(XJO and I am qualifled to undertake the examinatlon by being a qualified member of The Institute of Chartered A¢¢ountants In England & Wales. It is my respon5ibillty to: Examine the a¢¢ounts under section 145 of the Charities Act To follow the procedure5 laid down in the general directions Blven by the Charity Commlssion l under section 145{5Mb) To stste whether partlcular matters have come to my attentlon My exarnlTration was carried out accordance wlth generdl dlrertlons glven by the Charity ' Commlsslon. My examlnatlon includes a review of the accounting records kept by the charlty and comparlson of the accounts presented with those records, and seeking explanations from the ' trustee5 COnmIng any such rnatte The PnKedures undertaken do not provlde all the evlden¢e that would be.requlred In an audit. and consequentty no oplnion 15 given as to whether the accounts present a true and fair view and thts report is Ilmlted to those matters set out in the statement below . In connectlon wlth my examinatlon. no material matters have come to my attention which glves me reasonable cause to believe that In. any material respect: the accountin8 records were not kept In accordance with Sertlon 130 of the Charitie5 A¢ or the accounts dld not accord with the accounti1¥ records or

the accounts did not comply with the accounting requirements conoming the form and content of accounts set out in the Charities { Accounts and Reports ) Regulatlons 2W8 other than any requlrement that the accounts Eive a tNe and falr view which Is not a matter considered as part of an independent examination. I have come across no other matters In connecllon with the examinatlon to which attentlon should be drawn in thls report to enable a proper understsndin8 of the a¢Unts to be reached. Signed ,u Burjor Mistry For B J Mlstry & Co. Chartered Accountants Professional Qualiffcation5: F.CA ( Eng & Wales) Date: 28 October 2021

Shirdi Sai Baba Temple Association of London Statement of Financial Activities For The Year Ended 30th April 2021

INCOMING RESOURCES Voluntary Income 2 Investment Income 3 Total Incoming Resources Resources Expended Charitable Activities 4 / 5 Total Resources Expended Net Incoming Resources For The Year Reconciliation of Funds Total funds brought forward Total Funds Carried Forward	2021 GBP 381,079 34 381,112 319,689 319,689 61,424 874,147 935,571	2020 GBP 547,243 175
		547,417
		457,973
		457,973
		89,444 784,703
		874,147

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

CONTINUING OPERATIONS

None of the charity’s activities were acquired or discontinued during the above financial periods.

Shirdi Sai Baba Temple Association of London Financial Statements 30th April 2021

Note Fixed Assets - Tangible fixed assets 6 Current Assets - Debtors (amounts falling due within one year) 7 - Cash Total Assets Current Liabilities - Creditors (amounts falling due within one year) 8 Long Term Liabilities - Creditors (amounts falling due after more one year) 9 Total Liabilities Net Assets/(Liabilities) Funds Unrestricted income funds 10 Total Funds	2021 GBP 781,751 781,751 142,481 191,277 333,758 1,115,508 14,598 14,598 165,340 165,340 179,937 935,571 935,571 935,571	2020 GBP 754,774
		754,774 115,130 153,179
		268,309
		1,023,083
		17,287
		17,287 131,649
		131,649
		148,936

		874,147
		874,147
		874,147

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board on 28th October 2021 and signed on their behalf by:

Reena Premji Kakkad

Shirdi Sai Baba Temple Association of London Notes to The Financial Statements For The Year Ended 30th April 2021

1) Accounting policies

Basis of Accounting

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005) and the Charities Act 2011, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

2) Voluntary Income

Donations Gift Aid Other Income Bank interest receivable Main Charitable Activity Main Charitable Activity 5) Cost of Charitable Activity by Activity Type 3) Investment Income 4) Cost of Charitable Activity by Fund Type	Unrestricted Total Funds Total Funds Funds 2021 2020 £ £ £ 243,679 243,679 475,472 25,000 25,000 50,000 112,399 112,399-
	381,079 381,079 525,472
	Unrestricted Total Funds Total Funds Funds 2021 2020 £ £ £ 34 34 175
	34 34 175
	Unrestricted Total Funds Total Funds Funds 2021 2020 £ £ £ 319,689 319,689 457,973
	319,689 319,689 457,973
	Unrestricted Total Funds Total Funds Funds 2021 2020 £ £ £ 319,689 319,689 457,973
	319,689 319,689 457,973

Shirdi Sai Baba Temple Association of London Notes to The Financial Statements For The Year Ended 30th April 2021 (continued)

Cost At 1st May 2020 Additions Disposal At 30th April 2021 DEPRECIATION At 1st May 2020 Charge for the year At 30th April 2021 Net book values At 1st May 2020 At 30th April 2021 HMRC Charities (Gift Aid Receivable) Other debtors PAYE Pension Control A/c Wages Control Bank Loan (Mortgage) Bank Loan - The Mortgage is secured on the premise Union Hall, Union Road Wembley. 9)Creditors (Long term) 8)Creditors 7) Debtors	Land & Buildings Other Assets 700,112 54,662 26,976 - -	Total 754,774 26,976 -
	727,089 54,662	781,751
	- - - -	- -
	- -	-
	- -	-
	727,089 54,662	781,751
		£ 127,205 15,276
		142,481
		£ 6,397 154 8,046
		14,598
		£ 115,340 50,000
		165,340

10) Unrestricted Income Funds

General Funds Unrestricted Income Funds 11) Analysis of Net Assets Between Funds	Balance at 01 May 2020 £ 874,147	Incoming Balance at Resourcing 30 April 2021 £ £ 61,424 935,571
		Net Current Total Assets £ 935,571 935,571
		935,571 935,571

Shirdi Sai Baba Temple Association of London Detailed Statement of Financial Activities For The Year Ended 30th April 2021

Incoming Resources Voluntary Income Donation Gift Aid Other Income Investment Income Bank Interest Receivable Total Incoming Resources Resources Expended Charitable Activities Donations Salaries and wages Social security Pension contribution Fundraising Costs Garland & flowers Temple costs Event Costs Food offerings Telephone Advertising Travelling & subsistence Motor expenses Rent & rates & utilities Insurance Shawl Repairs and renewals Decoration Cleaning IT & Computer Printing costs Professional fees Sundry Expenses Interest paid Accountancy Bank charges Total Resources Expended Net Incoming Resources For The Year	2021 GBP 243,679 25,000 112,399 381,079 34 34 381,112 - 155,687 1,423 1,112 1,510 14,434 - 1,458 25,942 4,245 2,194 - - 47,044 2,749 5,736 6,865 - 7,092 129 7,130 9,148 - 4,194 15,280 6,314 319,689 61,424	2020 GBP 475,472 50,000 21,771
		547,243
		175
		175

		547,417
		- 138,598 646 1,143 1,538 84,860 775 24,815 24,357 3,906 7,150 10,030 - 81,137 3,211 23,598 13,133 - 9,421 - 6,733 660 12 8,458 8,000 5,790
		457,973

		89,444

This page does not form part of the statutory financial statements.