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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 1156785 (England and Wales) REGISTERED CHARITY NUMBER:

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Brindleys Limited 2 Wheeleys Road Edgbaston Birmingham West Midlands B15 2LD

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14 to 15

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Report of the Trustees for the Year Ended 31 March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Significant activities

With the HS2 relocation package on the 30/08/2017 the sum of £650,000 was paid to the solicitor for the purchase of Trinity Methodist Church. Since then an additional £478,657 has been spent towards the new building and relocation. The figure of £1,128,657 is reflected in the freehold property balance.

The trustees can confirm that no further funds will be received in relation to the HS2 relocation package and that all funds received have now been spent on the relocation of the charity and as such the trustees can confirm that the HS2 relocation project is now completed.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

1156785 (England and Wales)

Registered Charity number

Registered office

321 Rookery Road Handsworth Birmingham West Midlands B21 9PR

Trustees

Dr Narendra Kumar Chairman Dr Umesh Chandra Kathuria Trustee Mrs Brij Bala Duggal Trustee Mr Ravinder Renukunta Treasurer Dr Purshottam Das Gupta Trustee Mr Joginder Paul Sethi Trustee Mr Vijay Kumar Trustee

Independent Examiner

Brindleys Limited 2 Wheeleys Road Edgbaston Birmingham West Midlands B15 2LD

Approved by order of the board of trustees on 19 February 2022 and signed on its behalf by:

Page 1

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Report of the Trustees for the Year Ended 31 March 2021

Dr Narendra Kumar - Trustee

Page 2

Independent Examiner's Report to the Trustees of Arya Samaj (Vedic Mission) West Midlands

Independent examiner's report to the trustees of Arya Samaj (Vedic Mission) West Midlands ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr K S Chawla F.C.C.A A.C.C.A Brindleys Limited 2 Wheeleys Road Edgbaston Birmingham West Midlands B15 2LD

19 February 2022

Page 3

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Statement of Financial Activities for the Year Ended 31 March 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
HMRC Grant received
Investment income
3
Total
EXPENDITURE ON
Charitable activities
5
Repairs & Renewals
Cleaner
Donations and dakshinas
Water Rates
Professional & Consultant cost
Light & Heat
Telephone Exp.
Print, Post & Stationary
Wages and national insurance
Insurance
Bank Charges
Food & Drink
Sundry Cost
Sermons on radio
VVM, GMY and Charity Dinner Event
Aryan Voice publication
Independent Examiners Fee
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
Unrestricted
fund
£
27,136
14,027
246
41,409
546
535
-
218
-
7,659
819
449
16,422
2,070
-
-
334
-
-
-
480
29,532
11,877
1,243,054
1,254,931		 2020
Total
funds
£
36,529
-
97,025
133,554
927
3,807
202
183
12,580
2,604
741
1,418
18,500
1,963
5
336
376
300
7,648
4,370
480
56,440
77,114
1,165,940
1,243,054

The notes form part of these financial statements

Page 4

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Balance Sheet 31 March 2021

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS		 2021
Unrestricted
fund
£
1,154,465
-
101,306
101,306
(840)
100,466
1,254,931
1,254,931
1,254,931
1,254,931		 2020
Total
funds
£
1,134,434
7,508
101,471
108,979
(359)
108,620
1,243,054
1,243,054
1,243,054
1,243,054

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 5

continued...

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Balance Sheet - continued 31 March 2021

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19 February 2022 and were signed on its behalf by:

Dr Narendra Kumar - Trustee

The notes form part of these financial statements

Page 6

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Donations & Daan Patra
Vedic Marriage Sacrament Cerom
Subscriptions
Day Care Centre, Grant etc.		 2021
£
21,866
4,055
1,215
-
27,136		 2020
£
26,074
7,560
1,180
1,715
36,529

continued...

Page 7

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

3. INVESTMENT INCOME

Rent (Women's Help Centre)
HS2 Relocation Funds
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
HMRC Grants & Gift Aid
HMRC Grant received
Grants received, included in the above, are as follows:
5.
CHARITABLE ACTIVITIES COSTS
Repairs & Renewals
Cleaner
Water Rates
Light & Heat
Telephone Exp.
Print, Post & Stationary
Wages and national insurance
Insurance
Sundry Cost
Independent Examiners Fee		 2021
£
-
-
246
246
2021
£
14,027
2021
£
Support
Direct
costs (see
Costs
note 6)
£
£
546
-
535
-
218
-
7,659
-
819
-
449
-
16,422
-
2,070
-
334
-
-
480
29,052
480		 2020
£
280
96,600
145
97,025
2020
£
-
2020
£
Totals
£
546
535
218
7,659
819
449
16,422
2,070
334
480
29,532

continued...

Page 8

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Independent Examiners Fee 480

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

8. STAFF COSTS

STAFF COSTS
Wages and salaries
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Repairs & Renewals
Cleaner
Donations and dakshinas
Water Rates
Professional & Consultant cost
Light & Heat
Telephone Exp.
Print, Post & Stationary
Wages and national insurance		 2021
£
16,422
16,422
2021		 2020
£
18,500
18,500
2020
Unrestricted
fund
£
36,529
97,025
133,554
927
3,807
202
183
12,580
2,604
741
1,418
18,500

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 9

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

10.

Insurance
Bank Charges
Food & Drink
Sundry Cost
Sermons on radio
VVM, GMY and Charity Dinner Event
Aryan Voice publication
Independent Examiners Fee
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
COST
At 1 April 2020
Additions
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020		 Freehold
property
£
1,108,626
20,031
1,128,657
1,128,657
1,108,626		 Fixtures
and
fittings
£
25,808
-
25,808
25,808
25,808		 Unrestricted
fund
£
1,963
5
336
376
300
7,648
4,370
480
56,440
77,114
1,165,940
1,243,054
Totals
£
1,134,434
20,031
1,154,465
1,154,465
1,134,434

continued...

Page 10

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
13.
MOVEMENT IN FUNDS
At 1.4.20
£
Unrestricted funds
General fund
1,243,054
TOTAL FUNDS
1,243,054
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
41,409
TOTAL FUNDS
41,409
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
1,165,940
TOTAL FUNDS
1,165,940		 2021
£
-
2021
£
-
840
840
Net
movement
in funds
£
11,877
11,877
Resources
expended
£
(29,532)
(29,532)
Net
movement
in funds
£
77,114
77,114		 2020
£
7,508
2020
£
(1)
360
359
At
31.3.21
£
1,254,931
1,254,931
Movement
in funds
£
11,877
11,877
At
31.3.20
£
1,243,054
1,243,054

continued...

Page 11

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
133,554
TOTAL FUNDS
133,554
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.19
£
Unrestricted funds
General fund
1,165,940
TOTAL FUNDS
1,165,940		 Resources
expended
£
(56,440)
(56,440)
Net
movement
in funds
£
88,991
88,991		 Movement
in funds
£
77,114
77,114
At
31.3.21
£
1,254,931
1,254,931

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 174,963 (85,972) 88,991
TOTAL FUNDS 174,963 (85,972) 88,991

continued...

Page 12

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 13

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations & Daan Patra
Vedic Marriage Sacrament Cerom
Subscriptions
Day Care Centre, Grant etc.
Investment income
Rent (Women's Help Centre)
HS2 Relocation Funds
Deposit account interest
Charitable activities
HMRC Grants & Gift Aid
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Water rates
Insurance
Light and heat
Telephone
Postage and stationery
Aryan Voice publication
Sundries
Misc. Others
Donations and dakshinas
Repairs renewals & maintenance
Support costs
Other
Sundries
Governance costs
Independent Examiners Fee		 2021
£
21,866
4,055
1,215
-
27,136
-
-
246
246
14,027
41,409
16,422
218
2,070
7,659
819
449
-
869
-
-
546
29,052
-
480		 2020
£
26,074
7,560
1,180
1,715
36,529
280
96,600
145
97,025
-
133,554
18,500
183
1,963
2,604
741
1,418
4,670
4,183
20,564
202
927
55,955
5
480

This page does not form part of the statutory financial statements

Page 14

ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS

Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Total resources expended
Net income		 2021
£
29,532
11,877		 2020
£
56,440
77,114

This page does not form part of the statutory financial statements

Page 15