GAUR GOVINDA TRUST ACCOUKTS FOR THE YEAR ENDED 31 MARCH 2021 Registered charity number 1152811 Company Number 08435917 FINANCIAL STATEMENTS AND TRUSfEES' REPORT for the year ended 31 March 2021 Hallys & Co. CharteredAccountonts Devonshire House. 582 Honeypot Lane Stonrnore Middlesex HA7 LIS Gaur GoviNla Trust INDEX YEAR ENDED 31 MARCH 2021 Page Company information Report of the Trustees Report of the Independent Examiner Statement of financial artivbties Balance Sheet Notes to the accounts 8-10 Detailed Ststement of Financial Activities li Gaur Govinda Trust COMPANY INFORMATION YEAR ENDED 31 MARCH 2021 Trustees Mr Bhakti Swarup Tirtha Maharaj Mrs Rita Banerjee Mr Dwaipayan Banerjee Mr Balachandren Varath Secretary Mr Dwaipayan Banerjee Company Number 8435917 Charfty Number 1152811 Reglstered Offi¢e 22 Crornwell Road Wemblev MSddlesex HAO US Accountants Hal￿5 & Co Chartered Accountsnts Devonshire House 582 Honeypot Lane Stsnmore Middle5ex HA7 LIS Gaur Govinda Trust REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021 The trustees who are also the directors of the company* present their report and the financial statements for the year ended 31 March 2021. Reference and Administrative Inforniatlon Gaur Govinda Trust is a company limited by guarantee (No. 84359171 and is also a registered charity {Charity No. 11528111 and commenced Éts operations in Marth 2013. Directors and Trustees The trustees who Served during the year are as ststed below: Bhakti Swarup Tirtha Maharaj Rita Banerjee Dwaipayan Banerjee Balachandren Varoth Objertlves and Actlvltles The primary objertives of the charitsble company are to advance the Hindu religion in the UK for the benefit of the public through holding of prayer meetings, letture5. public ￿lebratiOn of religious festivals. Other main objettives are to produce and distribute literature on Hinduism to enlighten others about the Hindu religion. Achievements and Perforniance To further the objerts of the Charity this financial year. the magazine called "Bhagavat Vanl. was published and freely distributed by volunteefs to more than 15,(KKI persons in the UK. Europe and also the USA. Due to the global cowd pandemic, there were very limited opportunsties to hold programmes and lertures. The scripture teaching classes that were organi5ed duringthe year were done 50 under strict guidelines observing social distancing rules as and when were allowed. Skype pro8rammes were organised and cth)rdinated by devotees in the UK. Thi5 had a reach tr) countries such as the US& India. Australia, Switzerland, Malaysia and Bahrain. Qulte a lot of programmes of free food distribution were also undertaken to the needy. This was carried out by volunteers strictly adherlng to Covid-19 restrictive regulations. Several international programmes and events We￿ organised by the Trust including lertures arranged in various residential premises in the USA observing strirt guidelines goveming Covld-19. Gaur Govinda Trnst REpowf OF THE TRusfEES YEAR ENDED 31 MARCH 21nl The sale of the premises in Ilft)rd that was used forTrust purposes went through on September 2020. Transcendentsl IlteratU￿ and audio CDS. DVDS and USB Media were distributed in both the USA and India. The Trust also financed and organised the following charitsble artivities through its branches in India.. l. Free aothes distribution to the poor villagers In Maharashtra and across Kolkats. Midnapurand Mayapur, West Bengal. 2. Free educational aids distribution to the school children in Kolkata. 3. Free Food distributlon to the needy and school children in Navi Mumbai. Mayapur Kolkata. 4. Free Utensil distribution to the poor In Navi Mumbai and Kolkata. 6. Further construction and renovation works were carried out in the three ¢entres in Navi Mumbai. Kolkata and Mayapur. 7. Skype programmes were a150 organised two times a month from London to the centres in Mumbai. Kolkata and Mayapur. Artivitles Development and pla￿ forthe Future l. The resumptlon of lectures ond programmes are being planned subject to government pandemic regulations. 2. Various social welfare activitles are being planned for the comlng year. 3. Further renovation and construrtion works are to be carried out in the three main centres in India. 4. A property In Harrow has been purchased in September 2021 in order to further the objectlves and actlvitie5 of the Trust. A planning application has been submitted to the council regardin8 the change of use for the property as well a5 proposed building works. Construrtion and renovation works are expected to Commen￿ around spring 2022 subject to council approval. This property will be the permanent centre for the Trust and all charitable operations will be carried out from here including: •Free Counselling • Meditation and Bhakti Yoga Gaur Govinda Trust REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021 Overseas Ald and fundin￿f3mlne relief • Religious Attivities such as prayer meetings. lettures. teaching of scriptures. celebration of religious festivals of the Hlndu faith. Community development Promotion of racial equality and diverstty Flnanclal Revlew All resources re￿iVed and expended were in respect of the charitable activities of the company and are treated as unrestricted funds. All income reteived were in the fomi of donations. Strurture, Governance and Management All the activities of the Charftable Company I￿ run by dedicated volunteers. The Organisation is governed by its Memorandum and Articles of A550ciation. The Charitvs activities are planned and managed by the head of the Organisation Mr Bhakti Swarup Tlrtha Maharaj and is assisted by the other trustees in organisingthese activities. There Is regular contact between head of organisation and the other trustees The above report is prepared In accordante with the special provisions relating to small companies within Part IS of the Companies Act 2CKI6. Approved by the Trustee5 and signed on their behalf by: Dwaipayan Tnjstee 15 December 2021 anerjee Gaur Govinda Trust REPORT OF THE INDEPENDENT EXAMINER YEAR ENDED 31 MARCH 2021 I report on the actounts of the Charity forthe year ended 31 March 2021. whith are set out pages 6 to 11. Res ective res nslbilities of trustees and examiner al The charity's trustees are rèsponsible for the preparation of the accounts. The tharitys trustees consider that an audTI is not required forthÉs yÈar under section 144(21 of the Char5ties Act 2011 Ithe 2011 Artl and that an independent examirration is needed. bl Havlng satisfied myself that an audit is not required. it is my responsibility to: examine the accounts undersection 145 of the 2011 Att,. to follow the pro￿dUreS laid (b)wn in the general Directions gNen bythe Charlty Commission under Section 145lSllbl of the 2011 Act.. and to state whether particular matters have come to my attention. Basis of inde endent examinerfs re My examination was carrièd out in accordance with the general Directions gtven by the tharlty Commission. An examinatlon Includes a revlew of the accountlng ￿COrdS kept bythe chaTity and a comparison of the accounts presented wtth those records. It also includes consideration of any unusual item5 or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The pro¢edure5 undertaken do not promde all the evidefice that would be required in an audit and consequently no opinion is given as to whether the accounts p￿Sent a 'true and falr vlew and the report is limited to those matters set out in the statement below. Inde endent examinels statement In connection with my examinatlon, no matter has come to my attention: 111 whl¢h glves me ￿asonable cause to bdieve that in any material rest*rt the requirements.. to keep accounting records in accordance with sectFon 130 of the 2011 Act: and to Prepa￿ accounts which aceord with the actountin8 records and comply with the accounting requirement5 of the 2011 Act. and wtth the method5 and prÉnciples of the Statemènt of Recommended Prattl￿.. Accountin8 and Reporting by Charities, have not been met,. or 121 to whlch. In my oplnlon. attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Name: Kasim Harunani Organisation: Haltys & Co, Chartered Accountants Relevant professional qualrfication or body.. Assoctation of Chartered Certified Accountsnts Address: Devonshire house, 582 Honeypot Lane. 5tanmore. middles￿ HA7 IIS Date: 15 December 2021 Gaur Govinda Trust sTATEmETr￿ OF FINANCIALACTNMES YEAR ENDED 31 MARCH 2021 Unrestritted Restrirted Funds fvnds Total 2021 Totul 2020 Note Incomlnz resow¢e5 Intomin8 resour￿ from generated lunds Donatlons and legacles Interest recetvable Grant5 246.994 1.607 19375 246.994 1.607 19.375 282.632 Total in¢omin8 resources 267.976 267,976 282.632 Resouros expended Costs of oenerolingfunds Expenditure on charitsble actvities 91.011 91,011 223,260 Totsl resources expended 91,011 91,011 223,260 Net incomlnglloulgolnzl re￿r￿S before translers 176,965 176.965 59.372 Gains/ Ilossesl In sale of fixed assets Net Incomeforthe year 176,113 353.078 176.113 353,078 59.372 Tax on profrt on ordinary actlvltles Net movement In funds Fund balances brought frnrd at l April 2020 353.078 666.573 353.078 666,573 59,372 607,201 Fund balances (arrfed forward at 31 Marth 2021 All recognised gains and losses are refiected through the st*ement of financial activitses. All income and expenditure derive from continuing actiwties. Gaur Govlnda Trust BALANCE SHEEr YEAR ENOEO 31 MARCH 2021 2021 2020 Ilote FIXED ASSETS Tan8ible fixed assets 16,6 16.600 613.385 613,385 CURRENfASSETS Debtors Cash at bank ar￿ in hand I,CIM.955 IW361 53.963 CREDtroRS: amounts fallln8 due wlthln one year 11,9101 17751 NEf CURRENT A5SErs IJM)3,051 53,188 TOTALASSEfs LESS CURIIENT UABIUTIES 1019 651 CAPITALAND RESEVES Unrestrfrted funds General fund 1.019.651 666.573 For the year ending 31 March 2021 the companywas entltlÈd to exemption from audit under 5ertion 477 of the Companie5 Act 2006 relatin8 to small companies. Directors, responsibilities.. . the members have not reqUI￿d thè company to obtsin an audit of Its accounts forthe year in question In accordano with sectton 476 of the Companies Act 2￿6. • the directors acknowledge their resF)onsibilities for comptying wlth the requirements of the Act wlth respect to accounting records and the preparation of atttxjnts . these accounts have been prepared in accordan￿ with the wovi5ions applicable to companies subject tothe small companies, regime. They were approved by the trustees on 15 December 2021 and si8ned on their behalf: pavan Ba Trustee erjee Gaur Govinda Trust NOTES TO THE ACCOUPlf5 YEAR ENDED 31 MARCH 2021 I. ACCOUNTING POUCIES la. Ba￿$ The financial ststements are prepared underthe historical cost a￿Vention. and in compliance wÈth the Ststement of Recommended Prartice issued by the Charity CommissSoners In 2015 and èpp1Fca￿e acwuntin8 Standards. The particular accounting policies adopted are descrtbed below. Ib. Incomlng resourtes l incoming resouros are induded in the Statement of Financial Activitles when the tharity ts legally entitled to the income and the amount can be quantified wth reasoanble atcuracy. Donations are tredsted to the income and èxpenditure account when received. All other income and expendtture is dealt with in the pericKI to which Ti relates. Ic. Resources Expended Expenditure is accounted for on an accrual basis and has been dassffied under headings that aggregate all costs relatefj to the category. Where costs cannot be attributed to particular headings, they have been all￿te(l to activities on a basls consistent with the use of resovrces. Id. All*xatlon and Apportlonment of ¢osts All costs relate to the 5in8le activity of the charTtable comparby and are recLyised attordingty. le. Fund Accounti Unrestricted fjJnds can be used In accOrdar￿e with the charitsble objectNes at the discretion of the TnJsteÈs. If. Deweclatlon Depreclafjon ts provided on a basis tOV4rite off the cost overthe estimated lives of the assets. The rates af depreciation are as follows: Commercial vehides Fixture5 and Fittin8S Equipment Freehold Land and building 20% Redtjang balarKe 20% R￿Ul)ng balance 20% Reduong balance Nil Gaur Govinda Trust NOTESTO THE ACCOUPITS YEAR ENDED 31 MARCH 2021 2. Average Number of Employees The average number of employees. indudingTn￿ and dirertors, during the year was made up as follows: 2021 No 2020 No Offio and management Trustees During the year, rem￿nerat￿n of £25,c￿ was re￿Ned bythe Trustees by way of salarie5. 3. TAXAT1014 The Company is a re8lstered Charity and is not liable to taxation on rN)n-trade Income. Tax is not duè on trade proffts. 2021 2020 Corporation tsx on profrt from ordin3ry trade activttie5 Current year 4. TANGIBLE AXED ASSErs Land and bulldin8 Commercial Fixtures and Equipment vehides Fittings Total cosr At l April 2020 Additions Disposals At 31 March 2021 592,635 72,1))) 1664.6351 19.8&J 7,058 620,053 72,000 664,635 27,418 19.860 Sixs 7.058 DEPRECIATION At l April 2020 Charge for year On disposals 3972 3,177 336 33 2.360 940 6,668 4,150 At 31 Marth 2021 7.149 369 3.300 10.818 BOOK VALUE At 31 March 2021 12.711 131 3.758 At 31 March 2020 592 635 164 613 385 Gaur Govlnda Trust NOTES TO THE Accoupirs YEAR ENDED 31 MARCH 2021 5. DEBTORS: due wlthln one ye Other debtors 6. CREDITORS: amounts fallhy due within one y 2020 Soclal securityand other tsxes ruals 125 650 1,910 775 7. Company limfted by gu4￿nte0 The company is Irmited by guarantee and has no share capital. Every member of the company undertakes to contrlbure tothe assets of the company. in the event of a windlng up, such an amount as may be requlred not exceeding £1. 8. FUNDS Balan￿ as at I Incoming 01 April 2020 resource5 Ougoing Transfets Balance as at 31 31 March 2021 Rtrtrirted fund5 Unrestrlrted fvnds General fund 666.573 444.089 91.011 1,019,651 Total RestTl¢ted 666,573 444.089 91.011 1,019,651 io Gaur Govinda Trust DETAILED INCOME AND EXPENDTfuREACCOVP YEAR ENDED 31 MARCH 2021 Generdl fund Restricted Totsl 2021 Totsl 2020 funds INCOMING RESOURCES Incoming resources from 8enerated funds Other income from sale of ftxed asset 267,967 176.113 267.967 176,113 282.632 T￿al Incom1￿ rewur 444.080 282,632 RESOURCES EXPENDED Total 2021 Total 2020 Costs ¢rf8enerating funds Charitsble actvltles Wages and salarie5 Travel and subsistence expenses Rent Light and heat and other utilities Indian Temple expenses Vehlcle runnlng costs Repairs, renewals and maintenance Insurance Printin& postage and stationery Advertising and marketin8 costs Storage ¢osts Grocery and food Telecommunications and dats costs Accountancy fees Le8al fees Subscriptions Bank charges Depreciation of plant and equipment Depreciation of motor vehicles DepreciatFon of fixwres and ffttin8S Sundry expenses 25.OCKI 125 2,475 918 41.676 1,502 7% 669 531 25,000 4,127 17,461 3.983 105,384 1,878 20.222 1,941 393 20,924 3,344 9.815 1,090 1,185 1.534 6,584 997 2,574 383 191 504 3fKI 1,013 1,174 3,972 41 13 3,177 33 91,011 223,260 li