2021-10-31-accounts - GB Srs Brundavan

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees' Annual Report for the period

Period start date Period end date 01 11 2020 31 10 2021

From

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1150660

GB SRS BRUNDAVAN

Charity's principal address Unit 2, Sivers House White Hart Road, Slough, UK Postcode SL1 2SF

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (ifany)
Mr. Badri Gargeshnari	President	Board of Directors
Mr. Prahlad Purohit	Secretary	Board of Directors
Mr. Vidyasagar Jyoshi	Treasurer	Board of Directors
Mr. Raghavendiran Rao	Director – Communications & Fund Raising – Religious	Board of Directors
Mr. Srihari Gubbi	Director – Operations & Website	Board of Directors

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name

Dates acted if not for whole year

GB-SRSB

2021 TAR

Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts Articles of association dated 25/10/2012. Registration number: 08268718 Type of governing document (eg. trust deed, constitution) Private Company Limited By Guarantee How the charity is constituted (eg. trust, association, company) Appointed when charity was registered and constituted Trustee selection methods (eg. appointed by, elected by)

Additional governance issues (Optional information)

The Group is managed by the Group of Directors (or trustees) of the GBYou may choose to include SRSB which is a charity. As charity trustees they are responsible for additional information, where complying with legislation applicable to charities. This includes the relevant, about: registration, keeping proper accounts and making returns to the Charity • Commission as appropriate. policies and procedures adopted for the induction and training of trustees;

the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

GB-SRSB

2021 TAR

The aim of the organisation is to: a. To construct and equip a religious premise - a Temple. The Temple will serve as a traditional house of worship, learning and religious gathering. It will also be used as an avenue for nurturing the community needs and fostering Hindu culture.
b. To operate the ad-hoc premise/temple in a sustainable model while facilitating community driven activities

Summary of the objects of the charity set out in its governing document

c. To host various cultural activities like classical music (vocal and instrumental), dance and also academic classes for children and adults
d. To provide a place for retreat “(Ashram)”, assembly halls and meeting rooms for theological, cultural and scholastic discussions
e. To build a library to aid the learning of the members and supporters
f. To build a fully equipped kitchen which will serve the needs of activities carried out inside as well as outside the premises
g. To carry out Hindu religious festivals and activities which will be open to all members of the wider community who support the organisation.
h. To carry out charitable work of every nature and kind on a personal, national and international level.
i. To solicit and accept donations, gifts, bequests and legacies for use in promoting the objectives of the organisation
j. To provide convenience and facilities in the said premises to be used by the community either gratuitously or upon such terms as may from time to time be agreed upon and generally to do whatever may seem best calculated to promote the interest of the said premises.

GB-SRSB

2021 TAR

Classical Music and Dance

At the GB-SRSB premise at White Hart Road, we are facilitating various classical cultural lessons run by the community for the community. Key activities hosted at the premises includes but not limited to Carnatic, Violin, Tabala, Bharata Natyam.

Music and dance acts as an avenue to offer prayers to the God. In our events we provide opportunities to members of all age groups to participate in this form of prayer. Prayer Group

The group has been conducting weekly audio Shri Raghavendra Stotra Parayana at 7.30PM every Thursday on Skype. This has allowed people from various parts of the country to collectively offer prayer every Thursday. This has helped build a virtual community over a period of time using the latest technology.

Summary of the main activities undertaken for the Philosophy public benefit in relation to GB SRS Brundavan invites eminent speakers to our events and share these objects (include within their thoughts / views on religious topics and their relevance to the this section the statutory present world. We have distributed free books on philosophy to the declaration that trustees have participants in our events. had regard to the guidance issued by the Charity Religious articles shop Commission on public In most of our events we set up a shop to make pooja materials easily benefit)

In most of our events we set up a shop to make pooja materials easily available at reasonable price to all our devotees. We also sell books on various philosophical topics in different languages for the benefit of our devotees. Sacred basil is also on sale at times with guides on how to take care of it in the home settings.

Matrimony

A free matrimonial service has been launched this year with a dedicated member coordinating the contacts between interested individuals and families. In our events, we set up a Matrimonial desk where interested individuals or their family members speak to the dedicated coordinator and avail of this service. Priest Services

GB-SRS Brundavan offers internal/external priest services to the devotees to book the temple priest for performing Graha Pravesham, Sathya Narayan Pooja, Homams, etc. inside/outside the temple premises.

Additional details of objectives and activities (Optional information)

GB-SRSB

2021 TAR

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

GB-SRSB

2021 TAR

Section D Achievements and erformance p

For the benefit of members, GB-SRSB has organised various events Summary of the main across South England. achievements of the charity during the year We were able to establish and operate our own place of worship at White Hart Road, Slough, UK.

GB-SRSB

2021 TAR

Section E Financial review

Following are the financial details from 2021 year ending financial Brief statement of the statement submitted to HMRC: charity’s policy on reserves Income earned from Charitable activities: £ 35,078 Expenditures on Charitable activities: £ 32,038 Interest receivable: Surplus: £ 3,040

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Financial statement submitted to HMRC is attached. Micro Accounts submitted to Companies House is attached.

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Vidyasagar Jyoshi Position (eg Secretary, Chair, Treasurer etc) Date 30-Aug-2022

GB-SRSB

2021 TAR

Registered number 08268718

GB SRS BRUNDAVAN

Report and Accounts

31 October 2021

GB SRS BRUNDAVAN Registered number: 08268718 Directors' Report

The directors present their report and accounts for the year ended 31 October 2021.

Principal activities

The company's principal activity during the year was that of charitable activities

Directors

The following persons served as directors during the year:

Gargeshnari Raghunatharao Badrinath Ragavendiran Govinda Rao Prahllada Purohit Gubbi Nagaraj Srihari

Small company provisions

This report has 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 on 27 May 2022 and signed on its behalf.

G R Badrinath Director

GB SRS BRUNDAVAN Profit and Loss Account for the year ended 31 October 2021

Turnover Administrative expenses Operating profit/(loss) Profit/(loss) on ordinary activities before taxation Tax on profit/(loss) on ordinary activities Profit/(loss) for the financial year	2021 £ 35,078 (32,038) 3,040 3,040 - 3,040	2020 £ 69,295 (79,208)
		(9,913)
		(9,913) -
		(9,913)

GB SRS BRUNDAVAN Registered number: 08268718 Balance Sheet as at 31 October 2021

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds	2021 £ 937 7,000 55,082 62,082 (836) 61,246 62,183 62,183 62,183	2020 £ 1,105 7,000 52,159 59,159 (1,122) 58,037 59,142 59,142 59,142	2020 £ 1,105 7,000 52,159 59,159 (1,122) 58,037 59,142 59,142 59,142

			59,142
			59,142
			59,142

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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

G R Badrinath Director Approved by the board on 27 May 2022

GB SRS BRUNDAVAN Statement of Changes in Equity for the year ended 31 October 2021

At 1 November 2019 Loss for the financial year At 31 October 2020 At 1 November 2020 Profit for the financial year At 31 October 2021	Profit and loss account £ 69,055 (9,913) 59,142 59,143 3,040 62,183	Total £ 69,055 (9,913)
		59,142
		59,143 3,040
		62,183

GB SRS BRUNDAVAN Notes to the Accounts for the year ended 31 October 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment At Cost

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

GB SRS BRUNDAVAN Notes to the Accounts for the year ended 31 October 2021

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 November 2020 At 31 October 2021 Depreciation At 1 November 2020 Charge for the year At 31 October 2021 Net book value At 31 October 2021 At 31 October 2020 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other taxes and social security costs Other creditors	2021 Number 1 2021 £ 7,000 2021 £ (107) 943 836	2020 Number 2
		Plant and machinery etc £ 1,685
		1,685
		580 169
		749
		936
		1,105
		2020 £ 7,000
		2020 £ (68) 1,190
		1,122

6 Other information

GB SRS BRUNDAVAN is a private company limited by shares and incorporated in England. Its registered office is: 2 White Hart Road Slough SL1 25F

GB SRS BRUNDAVAN Detailed profit and loss account for the year ended 31 October 2021

This schedule does not form part of the statutory accounts

Sales Administrative expenses Operating profit/(loss) Profit/(loss) before tax	2021 £ 35,078 (32,038) 3,040 3,040	2020 £ 69,295 (79,208)
		(9,913)
		(9,913)

GB SRS BRUNDAVAN Detailed profit and loss account for the year ended 31 October 2021

This schedule does not form part of the statutory accounts

Administrative expenses Wages and salaries Pensions Travel and subsistence Rent Service charges Light and heat Operating expenses Telephone and fax Postage Bank charges Insurance Repairs and maintenance Dep Expenses Sundry expenses Other legal and professional	2021 £ 6,000 - 1,277 14,644 - 553 4,414 890 - 106 830 161 169 - 2,994 32,038	2020 £ 16,221 63 1,833 21,604 48 2,879 31,994 840 30 68 796 160 169 700 1,803
		79,208

Examiners Report To Whomsoever It May Concern tocertify that I, Ananth Kumarvswanaihan examlned the apprtyed ac¢ouniS by Gg-SRSB dlrettory for the financial year 202fy21. It represents falrand true vlew based onthe records provlded and submltted io me. By 14 Cef at)th KumarV&wanathan