## **GAUR GOVINDA TRUST**
**ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022**
Registered charity number 1152811
Company Number 08435917
FINANCIAL STATEMENTS AND TRUSTEES’ REPORT
for the year ended
31 March 2022
_Hallys & Co, Chartered Accountants Devonshire House, 582 Honeypot Lane Stanmore Middlesex HA7 1JS_
## **Gaur Govinda Trust INDEX YEAR ENDED 31 MARCH 2022**
||Page|
|---|---|
|Company information|1|
|Report of the Trustees|2 - 4|
|Report of the Independent Examiner|5|
|Statement of financial activities|6|
|Balance Sheet|7|
|Notes to the accounts|8 - 10|
|Detailed Statement of Financial Activities|11|
## **Gaur Govinda Trust COMPANY INFORMATION YEAR ENDED 31 MARCH 2022**
**Trustees** Mr Bhakti Swarup Tirtha Maharaj Mrs Rita Banerjee Mr Dwaipayan Banerjee Mr Balachandren Varath **Secretary** Mr Dwaipayan Banerjee **Company Number** 8435917 **Charity Number** 1152811 **Registered Office** 22 Cromwell Road Wembley Middlesex HA0 1JS
**Accountants** Hallys & Co Chartered Accountants Devonshire House 582 Honeypot Lane Stanmore Middlesex HA7 1JS
1
**Gaur Govinda Trust REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022**
The trustees who are also the directors of the company, present their report and the financial statements for the year ended 31 March 2022.
## **Reference and Administrative Information**
Gaur Govinda Trust is a company limited by guarantee (No. 8435917) and is also a registered charity (Charity No. 1152811) and commenced its operations in March 2013.
## **Directors and Trustees**
The trustees who served during the year are as stated below **:**
Bhakti Swarup Tirtha Maharaj Rita Banerjee Dwaipayan Banerjee Balachandren Varath
## **Objectives and Activities**
The primary objectives of the charitable company are to advance the Hindu religion in the UK for the benefit of the public through holding of prayer meetings, lectures, public celebration of religious festivals. Other main objectives are to produce and distribute literature on Hinduism to enlighten others about the Hindu religion.
## **Achievements and Performance**
To further the objects of the Charity this financial year, the magazine called “Bhagavat Vani” was published and freely distributed by volunteers to more than 17,000 persons in the UK, Europe and also the USA.
The spiritual classes that were organised during the year were done so under strict Covid guidelines observing social distancing measures and other Covid related regularity mandates.
Skype programmes were organised and coordinated by devotees in the UK. This had a reach to countries such as the USA, India, Australia, Switzerland, Malaysia and Bahrain.
A number of free food distribution programs were also undertaken to the needy. This was carried out by volunteers.
Several international programmes and events were organised by the Trust including lectures arranged in various residential premises in the USA observing standard social distancing measures.
On-going renovation works were being carried out at the Trust’s sister concerns in India. These were in Kolkata and Mayapur, West Bengal and Navi Mumbai, Maharashtra.
**2**
**REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022**
## **Gaur Govinda Trust**
Transcendental literature and audio CDs, DVDs and USB Media were distributed in both the USA and India.
In September 2021, a property was purchased for the new UK center for the Trust in London Borough of Harrow. The location of the new property is very conveniently situated and will be the main permanent headquarters of the charity. This was purchased in order to further the objectives and activities of the Trust.
An architectural firm, Cohanim Architecture have been appointed as the Agent for the Trust to deal with all planning matters.
A full planning application was submitted to the Harrow Council in November 2021 regarding extending the property. Subsequently, supplementary applications have also been submitted by the Trust.
The Trust also financed and organised the following charitable activities through its branches in India:
1. Free Clothes distribution to the poor villagers in Navi Mumbai, Kolkata and Mayapur.
2. Free educational aids distribution to the school children in Kolkata and Navi Mumbai.
3. Free Food distribution to the needy and school children in Navi Mumbai, Mayapur Kolkata.
4. Free Utensil distribution to the poor in Navi Mumbai and Kolkata.
5. Further construction and renovation works were carried out in the three centres abroad in Navi Mumbai, Kolkata and Mayapur.
6. Skype programmes were also organised four times a month from London to the centres in Navi Mumbai, Kolkata and Mayapur.
## **Activities Development and Plans for the Future**
1. Further lectures and programs are being planned by the Trust on a regular basis now that the pandemic has eased.
2. Various social welfare activities are being planned for the coming year.
3. Further renovation and construction works are being carried out in the three main centres in India.
4. Construction and extensive renovation work should begin next year on the new Trust property in the UK subject to planning permission. Once complete this centre will provide the following services:
**3**
## **Gaur Govinda Trust REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022**
- Free Counselling
- Meditation and Bhakti Yoga
- Overseas aid and famine relief.
• Religious activities such as prayer meetings, lectures, teachings of scriptures, celebration of religious festivals of the Hindu faith.
## **Financial Review**
All resources received and expended were in respect of the charitable activities of the company and are treated as unrestricted funds. All income received were in the form of donations.
## **Structure, Governance and Management**
All the activities of the Charitable Company are run by dedicated volunteers.
The Organisation is governed by its Memorandum and Articles of Association.
The Charity’s activities are planned and managed by the head of the Organisation Mr Bhakti Swarup Tirtha Maharaj and is assisted by the other trustees in organising these activities. There is regular contact between head of organisation and the other trustees
The above report is prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Approved by the Trustees and signed on their behalf by:
----------------------------
Dwaipayan Banerjee Trustee 19 December 2022
**4**
## **Gaur Govinda Trust REPORT OF THE INDEPENDENT EXAMINER YEAR ENDED 31 MARCH 2022**
I report on the accounts of the Charity for the year ended 31 March 2022, which are set out on pages 6 to 11.
## Respective responsibilities of trustees and examiner
a) The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
b) Having satisfied myself that an audit is not required, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- • to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## Basis of independent examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name: Kassim Harunani Organisation: Hallys & Co, Chartered Accountants Relevant professional qualification or body: Association of Chartered Certified Accountants Address: Devonshire house, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS Date: 19 December 2022
**5**
## **Gaur Govinda Trust STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2022**
|_Note_
**Incoming resources**
**Incoming resources from generated funds**
Donations and legacies
Interest receivable
Grants
**Total incoming resources**
**Resources expended**
**_Costs of generating funds_**
Expenditure on charitable actvities
**Total resources expended**
**Net incoming/(outgoing) resources before transfers**
Gains/ (losses) in sale of fixed assets
**Net income for the year**
Tax on profit on ordinary activities
**Net movement in funds**
Fund balances brought forward at 1 April 2021
**Fund balances carried forward at 31 March 2022**
8|_Total_
_Total_
_2022_
_2021_
_£_
_£_
_£_
_£_
341,421
-
341,421
246,994
523
-
523
1,607
8,958
-
8,958
19,375
_Unrestricted_
_Funds_
_Restricted_
_funds_|
|---|---|
||350,902
-
350,902
267,976|
||50,920
-
50,920
91,011|
||50,920
-
50,920
91,011|
||**299,982**
**-**
**299,982**
**176,965**
0
-
-
176,113|
||**299,982**
**-**
**299,982**
**353,078**
-
-
-
-
**299,982**
**-**
**299,982**
**353,078**
1,019,651
-
1,019,651
666,573|
||**1,319,633**
**-**
**1,319,633**
**1,019,651**|
All recognised gains and losses are reflected through the statement of financial activities. All income and expenditure derive from continuing activities.
**6**
## **Gaur Govinda Trust BALANCE SHEET YEAR ENDED 31 MARCH 2022**
|_Note_
**FIXED ASSETS**
Tangible fixed assets
4
**CURRENT ASSETS**
Debtors
5
Cash at bank and in hand
**CREDITORS: amounts falling due within one year**
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESEVES**
**Unrestricted funds**
General fund
8|_£_
_£_
807,785
**807,785**
-
513,108
**513,108**
(1,260)
**511,848**
**1,319,633**
1,319,633
**1,319,633**
**_2022_**|_£_
_£_
807,785
**807,785**
-
513,108
**513,108**
(1,260)
**511,848**
**1,319,633**
1,319,633
**1,319,633**
**_2022_**|_£_
_£_
16,600
**16,600**
6
1,004,955
**1,004,961**
(1,910)
**1,003,051**
**1,019,651**
1,019,651
**1,019,651**
**_2021_**|_£_
_£_
16,600
**16,600**
6
1,004,955
**1,004,961**
(1,910)
**1,003,051**
**1,019,651**
1,019,651
**1,019,651**
**_2021_**|
|---|---|---|---|---|
||||||
|||**1,319,633**||**1,019,651**|
|||1,319,633||1,019,651|
|||**1,319,633**||**1,019,651**|
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors’ responsibilities:
- the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
- the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
- these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
They were approved by the trustees on 19 December 2022 and signed on their behalf:
Dwaipayan Banerjee Trustee
**7**
**Gaur Govinda Trust NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2022**
## **1. ACCOUNTING POLICIES**
## **1a. Basis of Accounting**
The financial statements are prepared under the historical cost convention, and in compliance with the Statement of Recommended Practice issued by the Charity Commissioners in 2015 and applicable accounting standards. The particular accounting policies adopted are described below.
## **1b. Incoming resources**
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasoanble accuracy. Donations are credited to the income and expenditure account when received. All other income and expenditure is dealt with in the period to which it relates.
## **1c. Resources Expended**
Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
## **1d. Allocation and Apportionment of costs**
All costs relate to the single activity of the charitable company and are recognised accordingly.
## **1e. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
## **1f. Depreciation**
Depreciation is provided on a basis to write off the cost over the estimated lives of the assets. The rates of depreciation are as follows:
Commercial vehicles 20% Reducing balance Fixtures and Fittings 20% Reducing balance Equipment 20% Reducing balance Freehold Land and building Nil
**8**
## **Gaur Govinda Trust**
## **NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2022**
## **2. Average Number of Employees**
The average number of employees, including Trustees and directors, during the year was made up as follows:
|Office and management|**_2022_**
**_2021_**
_No_
_No_
4
4|
|---|---|
## **Trustees**
During the year, remuneration of £25,000 was received by the Trustees by way of salaries.
## **3. TAXATION**
|The company is a registered Charity and is not liable to taxation on non-trade income.
Tax is not due on trade profits.
Corporation tax on profit from ordinary trade activities
Current year|**_2022_**
**_2021_**
_£_
_£_
- -|
|---|---|
## **4. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for year
On disposals
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021|_£_
_£_
_£_
_£_
_£_
-
19,860
500
7,058
27,418
794,505
-
-
-
794,505
-
Fixtures and
Fittings
Total
Equipment
Land and building Commercial
vehicles|
|---|---|
||794,505 19,860 500 7,058 821,923|
||-
7,149
369
3,300
10,818
-
2,542
26
752
3,320
-
-
-
-
-|
||-
9,691
395
4,052
14,138|
||794,505
10,169
105
3,006
807,785|
||-
12,711
131
3,758
16,600|
**9**
## **Gaur Govinda Trust NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2022**
## **5. DEBTORS : due within one year**
Other debtors
## **6. CREDITORS: amounts falling due within one year**
Accruals
||**_2022_**|**_2021_**|
|---|---|---|
||_£_|_£_|
||-|6|
||-|6|
||**_2022_**|**_2021_**|
||_£_|_£_|
||1,260|1,910|
||1,260|1,910|
## **7. Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
## **8. FUNDS**
|**FUNDS**||
|---|---|
|**Restricted funds**
**Unrestricted funds**
General fund
**Total Restricted**|Balance as at
Incoming
Ougoing
Transfers
Balance as at
01 April 2021
resources
resources
31 March 2022
£
£
£
£
£
-
-
-
-
-
1,019,651
350,902
50,920
-
1,319,633|
||1,019,651
350,902
50,920
-
1,319,633|
**10**
## **Gaur Govinda Trust**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2022**
|**INCOMING RESOURCES**
Incoming resources from generated funds
Other income from sale of fixed asset
**Total incoming resources**
**RESOURCES EXPENDED**
**Costs of generating funds**
**Charitable actvities**
Wages and salaries
Travel and subsistence expenses
Rent
Light and heat and other utilities
Indian Temple expenses
Vehicle running costs
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Storage costs
Grocery and food
Telecommunications and data costs
Accountancy fees
Legal fees
Subscriptions
Bank charges
Depreciation of plant and equipment
Depreciation of motor vehicles
Depreciation of fixtures and fittings
Sundry expenses|£
350,902
-
General
fund|£
£
£
-
350,902
267,967
-
-
176,113
Total 2021
Total 2022
Restricted
funds|
|---|---|---|
||**350,902**|**-**
**350,902**
**444,080**|
|||£
£
25,000
25,000
260
125
-
2,475
1,340
918
3,278
41,676
1,469
1,502
339
796
1,231
669
610
531
531
390
3,150
1,534
7,483
6,584
304
997
2,304
2,574
186
383
-
191
102
504
752
940
2,542
3,177
26
33
13
12
Total 2022
Total 2021|
|||**50,920**
**91,011**|
**11**