REGISTERED COMPANY NUMBER: 1156785 (England and Wales) REGISTERED CHARITY NUMBER:
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2022
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 2022
| 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 |
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Report of the Trustees for the Year Ended 31 March 2022
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 2022. 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 £507,344 has been spent towards the new building and relocation. The figure of £1,157,344 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 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 October 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 2022
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 2022.
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:
-
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
-
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
-
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 October 2022
Page 3
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Statement of Financial Activities for the Year Ended 31 March 2022
| 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 Water Rates Light & Heat Telephone Exp. Print, Post & Stationary Wages and national insurance Insurance Food & Drink Sundry Cost 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 |
2022 Unrestricted fund £ 26,491 6,827 247 33,565 870 1,211 236 1,193 1,172 1,741 18,334 2,187 1,777 140 160 2,708 1,560 33,289 276 1,254,931 1,255,207 |
2021 Total funds £ 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 |
The notes form part of these financial statements
Page 4
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Balance Sheet 31 March 2022
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 12 Unrestricted funds TOTAL FUNDS |
2022 Unrestricted fund £ 1,183,152 73,855 (1,800) 72,055 1,255,207 1,255,207 1,255,207 1,255,207 |
2021 Total funds £ 1,154,465 101,306 (840) 100,466 1,254,931 1,254,931 1,254,931 1,254,931 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Balance Sheet - continued 31 March 2022
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 October 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 2022
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 |
2022 £ 19,666 4,950 1,875 26,491 |
2021 £ 21,866 4,055 1,215 |
|---|---|---|
| 27,136 |
continued...
Page 7
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
3. INVESTMENT INCOME
| 3. INVESTMENT INCOME |
||
|---|---|---|
| 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 Food & Drink Sundry Cost VVM, GMY and Charity Dinner Event Aryan Voice publication Independent Examiners Fee |
2022 £ 247 2022 £ 6,827 2022 £ Support Direct costs (see Costs note 6) £ £ 870 - 1,211 - 236 - 1,193 - 1,172 - 1,741 - 18,334 - 2,187 - 1,777 - 140 - 160 - 2,708 - - 1,560 31,729 1,560 |
2021 £ 246 2021 £ 14,027 |
| 2021 £ Totals £ 870 1,211 236 1,193 1,172 1,741 18,334 2,187 1,777 140 160 2,708 1,560 |
||
| 33,289 |
continued...
Page 8
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Independent Examiners Fee | 1,560 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
8. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: |
2022 £ 18,334 18,334 2022 |
2021 £ 16,422 |
|---|---|---|
| 16,422 | ||
| 2021 |
No employees received emoluments in excess of £60,000.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities HMRC Grant received Investment income Total EXPENDITURE ON Charitable activities Repairs & Renewals Cleaner Water Rates Light & Heat Telephone Exp. Print, Post & Stationary |
Unrestricted fund £ 27,136 14,027 246 |
| 41,409 546 535 218 7,659 819 449 |
continued...
Page 9
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
10.
| Wages and national insurance Insurance Sundry Cost Independent Examiners Fee Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 April 2021 Additions At 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 March 2021 |
Freehold property £ 1,128,657 28,687 1,157,344 1,157,344 1,128,657 |
Fixtures and fittings £ 25,808 - 25,808 25,808 25,808 |
Unrestricted fund £ 16,422 2,070 334 480 |
|
|---|---|---|---|---|
| 29,532 | ||||
| 11,877 1,243,054 |
||||
| 1,254,931 | ||||
| Totals £ 1,154,465 28,687 1,183,152 1,183,152 1,154,465 |
||||
continued...
Page 10
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 12. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 1,254,931 TOTAL FUNDS 1,254,931 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 33,565 TOTAL FUNDS 33,565 Comparatives for movement in funds At 1.4.20 £ Unrestricted funds General fund 1,243,054 TOTAL FUNDS 1,243,054 |
2022 £ 1,800 Net movement in funds £ 276 276 Resources expended £ (33,289) (33,289) Net movement in funds £ 11,877 11,877 |
2021 £ 840 At 31.3.22 £ 1,255,207 |
2021 £ 840 |
|---|---|---|---|
| 1,255,207 | |||
| Movement in funds £ 276 276 At 31.3.21 £ 1,254,931 |
|||
| 1,254,931 |
continued...
Page 11
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 41,409 TOTAL FUNDS 41,409 A current year 12 months and prior year 12 months combined position is as follows: At 1.4.20 £ Unrestricted funds General fund 1,243,054 TOTAL FUNDS 1,243,054 |
Resources expended £ (29,532) (29,532) Net movement in funds £ 12,153 12,153 |
Movement in funds £ 11,877 11,877 At 31.3.22 £ 1,255,207 |
|---|---|---|
| 1,255,207 |
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 | 74,974 | (62,821) | 12,153 |
| TOTAL FUNDS | 74,974 | (62,821) | 12,153 |
continued...
Page 12
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 13
ARYA SAMAJ (VEDIC MISSION) WEST MIDLANDS
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations & Daan Patra | 19,666 | 21,866 |
| Vedic Marriage Sacrament Cerom | 4,950 | 4,055 |
| Subscriptions | 1,875 | 1,215 |
| 26,491 | 27,136 | |
| Investment income | ||
| Deposit account interest | 247 | 246 |
| Charitable activities | ||
| HMRC Grants & Gift Aid | 6,827 | 14,027 |
| Total incoming resources | 33,565 | 41,409 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 18,334 | 16,422 |
| Water rates | 236 | 218 |
| Insurance | 2,187 | 2,070 |
| Light and heat | 1,193 | 7,659 |
| Telephone | 1,172 | 819 |
| Postage and stationery | 1,741 | 449 |
| Aryan Voice publication | 2,708 | - |
| Sundries | 1,351 | 869 |
| Misc. Others | 1,937 | - |
| Repairs renewals & maintenance | 870 | 546 |
| 31,729 | 29,052 | |
| Support costs | ||
| Governance costs | ||
| Independent Examiners Fee | 600 | 480 |
| Accountancy fees | 960 | - |
| 1,560 | 480 | |
| Total resources expended | 33,289 | 29,532 |
| Net income | 276 | 11,877 |
This page does not form part of the statutory financial statements
Page 14