INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LTD FINANCIAL STATEMENTS 31 DECEMBER 2023 Charity Number1157355 Company Number 08735470 Public
INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LTD INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LTD FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGES MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS TRUSTEES ANNUAL REPORT INDEPENDENT EXAMINER'S STATEMENT 5-6 STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 9-11 Public
INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LTD MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS The board of directors & trustees Mr. James Edwards Mr Bnj Joshi Mr Badri Narayanan Rajasekaran Mr Anish Kumar Patel Mr Ashish Soni Mr Milind Diwakar Vaidya Registered Office 42 Enmore Road South Norwood London SE25 5NG Bankers Metro Bank 1-2 Central Shopping Centre Croydon, Greater London CRO 1TY Independent Examiner Mr. Neelkanth Mishra Independent Examiner Prinav Consultancy Ltd Flat 15, Appleton House 3 New Road Feltham, TW14 9AL Public
INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LTD TRUSTEES ANNUAL REPORT YEAR ENDED 31 DECEMBER 2023 Tha trustees hav8 pleasur8 In presenting their report and the unaudited financial statements of the charlty for the year ended 31 December 2023. OBJECTIVES The Charity's objectives are to advance, transmit, spread and propagate the religion of Krishna Consciousness as revealed in the teachings of Bhagavad Gita and Srimad Bhagavatam as taught by the founder acharya A. C Bhaktivedanta Swami Prabhupada and in accordance with the tenets of the Intemational Society for Krishna Consciousness. The centre has close links with ISKCON LTD with whom it shares common objectives. TRUSTEES, RESPONSIBILITIES The Charities Act, 2011 require the trustees to: 1. Ensure that accounting records are kept in respect of the charity which are sufficient to show and explain all the charity's transactions. 2. Prepare in respect of each financial year of the charity a statement of accounts complying with the requirement as to Its form and contents as may be prescribed by regulations made by the Secretary of State. The financial position and details of income and expenditure are set out in the annexed set of financial statements. Signed on behalf of the trustees & directors 42 Enmore Road South Norwood London SE25 5NG Anlsh Kumar Patel ajasekaran (rrustees & Directors) Approved by the trustees on 2711012024 Pubfic
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LTD YEAR ENDED 31 DECEMBER 2023 I report on the unaudited accounts of the charity for the year ended 31 December 2022 set out on pages 7 to 11 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE INDEPENDENT EXAMINER As the charity's Trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(1) of the Charities Act 2011 does not apply and that an independent examination is needed. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the general directions given by the Charities Commissioners. An independent 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 conceming any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Public
INTERNATIONAL SOCIEfY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTr1 LONDON LTD INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF INTERNATIONAL SOCIEIY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LTD (conunued) YEAR ENDED 31 DECEMBER 2023 INDEPENDENT EXAMINER'S STATEMENT In connection wilh my examinatlon, no maller has come to my atlenlion: (l) which gNes me reasonable cause lo believe thal in any material respecl the requirements: a) to keep accounting records in accordance with secbon 130 of the Act and b) to prepare accounls which accord with Ihe accounling records and to comply wilh the accounting requirements of the Act have not been meL or (2) to whith. in my opinion. attention should be drawn in (xder to enable a proper understanding of the accounts to be reached. Mr. Neelkanth Mishra Independent Examiner Prinav Consullancy Lld Flat 15. Appleton House 3 New Road Feltham. TW14 9AL cs Camscanner
INTERNAIIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS OSKCON) SOUTH LONDON LIMITED PROFIT AND LOSS sfATEMEMr Totsl (£) 31-Dec-23 Totsl (£) 31-Dec•22 Sales Donations Fund Generatlon- Charity Shop Fund Generation- Fund Raising Investment Income Other Incorne Standard Earned Income (Rental) 88,385.79 0.00 18,671.32 274.53 878.48 42,957 32 17,240 854 7,588 68,670 108,210 urchases Cost of Charitsble Activities 13,544 7,331 Direct Ex Cost of Fund Generation- Fund Raising enses 6,483 10.949 Gross Profit 88,183 50,390 (herheads: Support Cost- Rent and Rates Support Cost- Heat, Light, Power & Insurance Management & Admln Overheads Managemnt & Admin- Professional Fees 3,009.27 4,555.94 7,535.86 1,197 5,689 4.570 224 15,101 11,679 Net Proflt Loss 73,082 38.710 . Publlc Pale 7
IKrERNATI(ML SOCETY FOR KRISHNA CONSCIOUSNESS OsKCo SOUTH LONDOH UWTED BAIANCE SHEET AS ON 3111211)23 Total (O Tgtal (O 31•¢•22 0.0 9.158 Bank Deposlts and Cash Bank ACUnt 120.275 69.823 214.917 129.201 141,835 Credltors. ShortTvm 0.1 lesg Cu 214,917 141.835 otsl Assets less CuTrent UablThtl•i 214,917 14L835 loni Tenn U•blllll•s otsl Assets less Ll•blliu•s 214.917 14L835 C• ital & ReseNes AcmUlated Reservej Brought Forward P&L Arffjt 14L835 732 214,917 i(B.S 3&710 14L835 Th•Je 8tstsmonts worn approv•d by th• dIrorn and IN•tsas on 27110t2024 and are 6kn•d M thek behaff ty. DIRECTOR AND TRUSTEE Puk4k PaGe I
INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POUCIES Basis of Accounting The financial statements have been prepared under the historical cost convention and In accordance the Ststement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2000) and the Charities Act 1993. Depreciation Depreaation is cal¢JJlated so as to lte off the cost of an asse( less its estimated residual value, over the usefvl economic life of that asset as follow5: Furnire & Fittings - 150/0 Reducing Balance Stock Stocks are valued at the I0r of cost and net realisable value, after making due allovrdnce for obsolete and slow moving items. TOTAL (£) 31-Dec-23 T(yfAL (£) 31-Dec-22 2. DONATIONS Donations- Regular Donations- Non Gift Ad Festival Income Feast Income Gift Aid Rebate TOTAL 54,654.4 23,(X)l.o 0.0 0.0 10,730.3 17,9702 18.190.9 1587.0 209.0 4.999.8 42,951 3. FUND GENERATION. FUND RAISING Income From Book Distrlbution Other Fund Raising projects IFood For Ufe 18,121 550 16,349 TOTAL 17240 . Public Pap9
INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS (ISKCON) SOUTH LONDON LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 TOTAL (£) 31-Dec-23 TOTAL (£) 314)ec-22 4. COST OF CHARITABLE ACTIVITIES Outreach w)rk- Donations or Honorarium Paid Bhoga and Groceries Expenses Flower Exp Dieties Exp- Paraphenalia Festival Expenses Packaging & Consumables Chari Sho Purchase TOTAL 2,498 3,708 581 419 2,886 687 5,537 1,221 1,722 522 256 13,544 5. COST OF FUND GENERATION- FUND RAISING Cost of books sold or distributed TOTAL 6,483 10,949 10,949 6. SUPPORT COST- RENT AND RATES Rent Rates & Water General Rates - Council Tax Hall Hire and Rentals Total 1,541 1.328 140 3,009 1.107 7. SUPPORT COST- HEAT, LIGHT, POWER AND INSURNACE PrniSes Insurance Electricity Gas TOTAL 1,992 2,268 296 4.556 420 1,094 4.174 5.689 8. MANAGEMENT & ADMIN OVERHEADS-GENERAL Travelling Visa Sponsorship Telephone & Broadband Computer and Software exp Printing & Stationery Repairs and Maintennce Bank Charges Priest Alloance Affiliation Fee- GBC TOTAL 183 2,988 574 144 465 218 88 24 344 1.794 2,317 25 2,877 7.536 4,570 9. MANAGEMENT AND ADMINISTRATION- PROFESSIONAL FEES Legal Fees 224 . Publlc Page 10
TERMATKIAL cTy FIX KRISHNA CONSCIOUSNE89 IISKC(4) Sm LONOON UWTED NOTES TO THE FINANCIAL STATEMENTS YEAR EHDED JI DECEMBEA X?) Total (£) 311) 314)•C• 22 9,164 7,704 11. DE8T0ft3 (>ft T•1 Ree Rec 15,681 4.931 11 CREtXTORS. SHORT TERM ISKCON (BBn Festfvd E P•y Property Eyp P•y•t4• 10) Publ Pai• 11