Shirdi Sai Baba Temple Association of London
UNAUDITED DRAFT FINANCIAL STATEMENTS
30th April 2022
Company number 6885384
Charity number 1138530
Shirdi Sai Baba Temple Association of London Financial Statements For The Year Ended 30th April 2022
| 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
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Shirdi Sai Baba Temple Association of London
Trustees Annual Report
For The Year Ended 30th April 2022
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:
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To teach social, cultural, moral and traditional values to children, teenagers, youths and adults.
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To ensure that legislation and regulation is complied in relation to the impact of change and burden of bureaucracy on charities.
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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.
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Shirdi Sai Baba Temple Association of London
Trustees Annual Report
For The Year Ended 30th April 2022
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
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The volunteers are organised through a framework involving National and Regional.
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Providing services in various departments including security, administration, congregation, organisation, kitchen, audio/video/photography, press &, publicity, finance, youth & children activity, adult activity etc
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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 £134,855: (2020: £61,424)
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
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The charity plans to continue events and activities to achieve its aims.
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Initiate “Shree Shirdi Sai Vidyapith” through which charity will be opening education institution across UK and Europe
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Shirdi Sai Baba Temple Association of London
Trustees Annual Report
For The Year Ended 30th April 2022
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:
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and
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Observe the methods and principles in the Charities SORP;
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Make judgements and accounting estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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
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BJMistry&Co Phone . 020 8864 4877 Moblla . 07917123 751 Ernail . buOrn11$try Chartored Accountants ol.¢om 7, Han0r Court 112-116 B6S8borough Road Harrow Mlddlesex HAI 3DU INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2022 CHARITY NUMBER 1138530 COMPANY NUMBER 6885384 Re rt to the Trustees London Members of Shirdi Sal Baba Tem le Association of RESPEcfivE RESPONSIBIUTIES OFTRUSTEES AND EXAMINER The Ch8ritr<s Trustees are resps11e for the wratlon of the aCCnts. The ¢harWs trustses consider that an audit is not required for thb year under Se¢tlon 144 Of the Ctharltles Act 2011 and that an independent examlnatlon is needed. The Charws gross Income exceedÈd £ 250.000 and I am qualified to undertake the examinatlon by belng • quallfled member of The Institirte of Chartered Accountants In En8land & Wales. It Is my responslblllty to: Exarnine the a¢¢owts undef seth 145 ofthe Charltles Art To fiAlow the wdUreS laid down In the 8eneral dlrertlon5 given by the Charity Commission l under section 145151{b) My examination was carried out in atrdance with Beneral dlrecllws tsen by the Charity Commission. My examinalion locludes a re¥lew of the accountlng recd$ kept by the charlty and cixnparison of the accounts wesented wlth those reconls. and seeklng explanations from the trustees concerning any suth matters. The WLKedures undertaken do not provlde 411 the evlden that would reguired In audiL and consequenyy no tylnl¢)n 15 tsn as to whether the accounts wesent a true and falr Vlew ayl thb report Is Ilmlted to those mattets set out In the statement below In cneI0 v41th my examlnatlon. IKI material matters have come to my attentlon which gives me reasonable cause to believe that inp materlal respect: the xcountlng rec(ffds **re not kept In accordance wlth Sectl¢)n 130 of the Charltles Art:
the acccwnts dld not c¢mpty with the actounting requirements concemlng the form and ontsnt of acc¢unts set in the Charitie5 1 Accounts and Reports ) Regulatlon$ 2(X)8 other than any requirement that the accounts give a true and falr ¥lew which Is not matter ¢onsklered as yt ol an independent examlnatlon. I have come acr055 no other matters In connection wlth the examlnation to Mthlch attentlon should be drawn in this report to enable a prqjer understsndin8 of the accounts to be reached. SIBned M15try For B J Mlstry & Co. 04rtered Alxwntsnts Professlry)al Qualifications: F.CA { Eng & Wales) Membershlp Number 6185630 Date: 25 February 2023
Shirdi Sai Baba Temple Association of London Statement of Financial Activities For The Year Ended 30th April 2022
| 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 |
2022 GBP 415,899 35 415,934 281,079 281,079 134,855 935,571 1,070,426 |
2021 GBP 381,079 34 |
|---|---|---|
| 381,112 | ||
| 319,689 | ||
| 319,689 | ||
| 61,424 874,147 |
||
| 935,571 |
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.
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Shirdi Sai Baba Temple Association of London Financial Statements 30th April 2022
| 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 |
2022 GBP 796,121 796,121 162,481 263,946 426,427 1,222,548 8,287 8,287 143,835 143,835 152,122 1,070,426 1,070,426 1,070,426 |
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 |
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board on 12th December 2022 and signed on their behalf by:
Reena Premji Kakkad
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Shirdi Sai Baba Temple Association of London Notes to The Financial Statements For The Year Ended 30th April 2022
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 2022 2021 £ £ £ 363,326 363,326 243,679 20,000 20,000 25,000 32,573 32,573 112,399 |
|---|---|
| 415,899 415,899 381,079 | |
| Unrestricted Total Funds Total Funds Funds 2022 2021 £ £ £ 35 35 34 |
|
| 35 35 34 | |
| Unrestricted Total Funds Total Funds Funds 2022 2021 £ £ £ 281,079 281,079 319,689 |
|
| 281,079 281,079 319,689 | |
| Unrestricted Total Funds Total Funds Funds 2022 2021 £ £ £ 281,079 281,079 319,689 |
|
| 281,079 281,079 319,689 |
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Shirdi Sai Baba Temple Association of London Notes to The Financial Statements For The Year Ended 30th April 2022 (continued)
| Cost At 1st May 2021 Additions Disposal At 30th April 2022 DEPRECIATION At 1st May 2021 Charge for the year At 30th April 2022 Net book values At 1st May 2021 At 30th April 2022 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. 8)Creditors 7) Debtors 9)Creditors (Long term) |
Land & Buildings Other Assets 725,889 54,662 15,570 - - |
Total 780,551 15,570 - |
|---|---|---|
| 741,459 54,662 |
796,121 | |
| - - - - |
- - |
|
| - - |
- | |
| - - | - | |
| 741,459 54,662 | 796,121 | |
| £ 147,205 15,276 |
||
| 162,481 | ||
| £ 967 262 7,058 |
||
| 8,287 | ||
| £ 102,663 41,172 |
||
| 143,835 | ||
10) Unrestricted Income Funds
| General Funds Unrestricted Income Funds 11) Analysis of Net Assets Between Funds |
Balance at 01 May 2021 £ 935,571 |
Incoming Balance at Resourcing 30 April 2022 £ £ 134,855 1,070,426 |
|---|---|---|
| Net Current Total Assets £ 1,070,426 1,070,426 |
||
| 1,070,426 1,070,426 |
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Shirdi Sai Baba Temple Association of London Detailed Statement of Financial Activities For The Year Ended 30th April 2022
| 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 Event Costs Food offerings Telephone Advertising Rent & rates & utilities Insurance Shawl Repairs and renewals Cleaning IT & Computer Printing costs Professional fees Interest paid Accountancy Bank charges Total Resources Expended Net Incoming Resources For The Year |
2022 GBP 363,326 20,000 32,573 415,899 35 35 415,934 100 138,792 1,837 1,164 2,281 6,081 - 17,619 5,804 - 67,483 2,927 5,468 2,969 7,480 2,035 78 - 2,933 13,440 2,587 281,079 134,855 |
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 |
This page does not form part of the statutory financial statements.
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