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2022-12-31-accounts

International Society For Kris hna Consciousness
Bhaktivedant		 a
Manor Limited
Contents
Reference and Administrative
Details
Trustees' Report 2 to 24
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 26 to 29
Statement ofFinancial Activities 30 to 31
Balance Sheet 32
Notes to the Financial Statements 33 to 53

1)Direction and management
ofadministration.
2) Appointing
the President
and Managing
Director in collaboration
with		 the Temple Council, Senior Management
Team and GBCsecretary.
3)Ensuring
the charity is weII run, solvent and delivering
as per stated in		 its charitable objects.
4) Final sign offon the annual
budget and high-level
accounts.
5)Ensure compliance
with requirements
ofthe Charity Conunission.
6)Sign offthe annual
achievement
reports, annual
returns and submitting		 accounts as required by law.
7)Ensure that the charity does not breach any ofthe requirements
or rules		 set out in its governing document and that
it remains
true to the charitable
purpose and objects set out therein.
8) Comply
with the requirements
ofother legislation
and other regulators		 (ifany) which govern the activities ofthe
charity.
9)Act with integrity
and avoid any personal conflicts ofinterest or misuse		 ofcharity
funds or assets.
l0)Ensure that charitable
funds and assets are being used reasonably,
and		 only in furtherance ofthe charity's objects.

The Patrons Council ("PC")
Purpose
The specific executive duties ofthe PC are to:
1)Work with the Charity's
SMT to increase the number		 ofPatrons and ensure their care and cultivation in Krishna
consciousness.
2) Assist the Board of Trustees
on major developments,		 including supporting fundraising initiatives for special
projects, initiatives
and developments;
3)Manage the Charity's
'profit centres',
including
Haveli, Bakery, Shop, Reception,		 Weddings,
Guest House, Mail
Order, Goshalla Shop, Horticulture,
Festivals and any outsourced
areas		 (e.g.ICT).
4)Assess the Charity's
outcomes (KPls) and effectiveness		 as related to financial spend;
5)Monitor the works ofthe Patrons Working Committee and Finance Committee;
6) Assess the appropriateness
and effectiveness ofany funds invested or loaned		 to any other legal charitable entities
with similar purpose;
7)Manage
the Charity's
property
portfolio;
8)Manage the Charity's
investment
budget.
9)Any other matters requested
by the Board ofTrustees.
The specific advisory
duties ofthe PC shall be to:
l)Advise the Board on matters ofPatron niembership,
finance, investment
and development;
2) Review the Charity's
budget,
internal
and external
financial
statements		 and reports to ensure that they reflect best
practice and advise the Board accordingly;
3) Review the business
/ operating
models for each ofthe Charity's
departments		 as and when required, and advise the
Board accordingly;
4) Ensure arrangements
for the annual Patron's Dinner.
5)Consider and advise the Board on the Charity's
annual		 and long-term strategic aims;
6)Advise on an investments
policy;
7)Consider any other matters when requested
to do so by		 the Board.

International Society For Kris hna Consciousness
Bhaktivedant		 a
Manor Limited
Contents
Reference and Administrative
Details
Trustees' Report 2 to 24
Statement ofTrustees' Responsibilities
Independent
Auditors'		 Report 26 to 29
Statement ofFinancial Activities 30 to 31
Balance Sheet 32
Notes to the Financial Statements 33 to 53

Unrestricted Total
funds Restricted funds 2022
Note f f f
Income and Endowments from:
Donations
and legacies		 2,506,510 415,315 2,921,825
Charitable
activities		 1,874,572 36,455 1,911,027
Other trading activities 66,011 66,011
Other income
Investment
income		 1340 1,240
Total income 4,448/33 451,770 4,900,103
Expenditure
on:
Raising funds (I,567872) (398,244) (1,965,516)
Charitable
activities		 (1,563,150) (80,674) (1,643,824)
Other trading activities
Total expenditure (3,130,422) (478,918) (3,609,340)
Net income/(expenditure) 1,3I7,9I I (27,148) 1,290,763
Reconciliation offunds
Total funds brought forward 9,486,392 1,458,782 10,945,174
Total funds carried forward 20 10,804,303 I 431634 12,235,937

(As restated) (As restated)
Unrestricted Total
funds Restricted funds 2021
Note f
.Income and Endowments from:
Donations
and legacies		 2,176,422 202,640 2379,062
Charitable
activities		 1,294,710 490,062 1,784,772
Other trading activities 93,483 93,483
Other income 258,156 258,156
Investment
income
Total income 3,822,771 692,702 4815,473
Expenditure
on:
Raising funds 8 (1,450,825) (246,465) (1,697390)
Charitable
activities		 8 (1,086,807) (32,962) (1,119,769)
Other trading activities 8 (1,170) (1,170)
Total expenditure (2,538,802) (279,427) (2,818,229)
Net income/(expenditure) 1,283,969 413,275 1,697,244
Reconciliation offunds
Total funds brought forward 8,202,423 1,045,507 9,247,930
Total funds carried forward 20 9,486,392 1,45&,782 10,945,174

Note 2022 (As restated)
2021
f
Fixed assets
Tangible assets 13 859,176 853,832
Investments 14 100 100
859,276 853,932
Current assets
Stocks
'		 15 18,800 14,945
Debtors 16 8,029,029 7,222,440
Cash at bank and in hand 17 3,557,928 3,124,983
11,605,757 10,36~68
Creditors: Amounts faning due within one year 18 (229,096) (271,126)
Net current assets 11,376,661 10,091342
Net assets 12,235,937 10,945,174
Funds ofthe charity:
Restricted income funds
Restricted fimds 1,431,634 1,458,782
Unrestricted
income		 funds
Designated
funds		 1,75&,538
Fixed asset funds 75,839 32,662
Loan funds 7,548,838 6,936,065
General reserve 1,421,088 2,517,665
Total unrestricted funds 10,804,303 9,486,392
Total funds 20 12,235,937 10,945,174

Unrestricted
funds
(As restated)
Restricted Total Total
General funds 2022 2021f
Animal Protection 4,Welfare 440,811 440,811 453,778
Books 225391 225,391 240,196
Education 8r, training 133,053 36,455 169,508 111,753
Festival 984,220 984,220 926,405
Religious activity 91,097 91,097 52,639
I 874572 36455 I 911027 I 784,772

a)Costs ofgenerating
donatio		 ns
and l		 egacies egacies
Unrestricted
funds
Total Total
Note General
f		 Restricted
f		 funds 2022 2021f
(As restated)
Staffcosts~ 677,626 677,626 653,436
Premises insurance 49,302 49302 45+10
Telephone~ 7,701 7,701 8,795
Postage and stationery~ 15,290 15350 10,439
Sundries~ 1,890 1,890 22
Purchase 206,548 206,548 180,710
Disposables~ 26,039 26,039 16,493
Gifts &samples 9,132 9,132 . 105
Literature &brochures IS IS 7,964
Devotee maintenance~ 1,638 1,638 4,400
Computer
costs~		 18/62 220 18,782 7 772
Repairs &maintenance 72,170 72,170 63,187
Travelling» 19,818 19,818 2,886
Motor expenses~ 11,090 11,090 7,819
Professional
fees		 45,157 45,157 55,672
Bhoga consumptions 4,597 4,597 2,259
Training 2,098 2,098
Flowers and decorations 5,908 5,908 2,181
Cleaning
and disposables		 86/40 86,340 50,811
Donations~ 103,189 397,433 500,622 439,048
Health &Safety compliance 12,149 12,149 13,274
Rates and water 20,722 20,722 33,750
Repairs and renewals 42,734 42,734 19,157
Courses 56,185 56,185
Depreciation - owned assets 10,905 10,905 10,018
Support fees~ 32,823 53.1 33,354 34,730
Support Subsidy 27,641 27,641 27,152
Books~
I 567
72		 398 44 I 965516 I 697290

Unrestricted
funds
Total Total
Note General
f.		 Restricted
f		 funds 2022 2021
(As restated)
Animal Protection &Welfare 46,690 46,690 260
Books 230,118 230,118 1&5,545
Education di training 491,715 33,984 525,699 382,927
Festival 578,404 578,404 321,549
Religious activity 252,496 252,496 214,467
Devotee Welfare activity 10,417 10,417 15,021
1,563,150 80,674 1,643,824 1,119)769

9 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
Net incoming/(outgoing)
resources for the year include:
2022f 2021
Audit fees II,&&0 10,800
Depreciation offixed assets 62,813 13/10

The aggregate payroll costs were as follows:
2022 2021
Staff costs during the year were:
Wages and salaries 1,050,432 975,844
Social security costs 77,041 64,595
Pension costs 17,286 15,396
I 144759 I 055 835
The monthly average number ofpersons (including senior management team) employed by the charity during the year
expressed as full time equivalents was as follows:
2022 2021
No No
All employees 65 63

Fixtures,
fittings and
equipment		 Motor
vehicles		 Assets under
construction		 Land and
buildings		 Total
Cost
At I January 2022 41,447 57,410 821,170 920,027
Additions 47,652 20,505 68,157
Transfers (824465) 824465
At 31 December 2022 89,099 57,410 17,110 824,565 988,184
Depreciation
At I January 2022 23,844 42,351 66,195
Charge for the year 17,820 3,765 41,228 62,813
At 31December 2022 41,664 46,116 41,228 129,008
Net book value
At 31 December 2022 47,435 11,294 17,110 783,337 859,176
At 31 December 2021 17,603 15,059 821,170 853,832

Shares in group undertakings
and participating
interests
Shares in group
undertakings
f
Cost
At 1 January 2022 100
At 31 December 2022 100
Nct book value
At 31 December 2022 100
At 31 December 2021 100

are as follo ws:
Country of Proportion ofvoting rights Principal
Undertaking incorporation Holding and shares held activity
2022 2021
Subsidiary undertakings
Production and
Bhaktivedanta Manor sale ofdairy
Limited
Dharam Marg,		 Hilfield Land, England and Wales Ordinary
shares		 100% 100% products
and
the hosting of
Aldenham, Hertfordshire wedding
events

15 Stock
2022f 2021f
Stocks 18800 14945
16 Debtors
2022f 2021f
Trade debtors 5,392 54,127
Due &om group undertakings 7,679,927 6,936,065
Prepayments 15,836 11,812
Other debtors 327,874 220,436
8,029,029 7/22,440
17 Cash and cash equivalents
2022f 2021f
Cash on hand 911 224
Cash at bank 3,557,017 3,124,759
3,557,928 3,124,9&3

18 Creditors: amounts
falling due within one year
2022 2021
Trade creditors 57,232 70,492
Due to group undertakings 100,302 57,467
Other taxation and social security 15,141
Other creditors 30,746 8,607
Accruals 40,816 119,419
229,096 271,126

Current year
Balance at
Balance at 3l
1 January Incoming Resources December
2022f resources
g		 expended Transfers 2022
g
Unrestricted
funds
(A) Designated
funds
Youth Preaching
(Pandava Sena)		 50,000 50,000
Signage Project 45,000 45,000
Japa Garden Project 65,000 65,000
50th Anniversary
Celebration		 2023 200,000 200,000
Janmashtami
2023		 240,938 240,938
Tulsi Garden Project 45,000 45,000
Manor Restoration 525,000 525,000
Basement Development
Visitor Centre		 &Goshala 200,000 200,000
Bhaktivedanta
Players		 Theatre 24,500 24,500
ISKCON Educational
Schools Programme		 Services 62,100 62,100
Sunday School Krishna Club - Youth 45/00 45,200
HH Keshava Swami Preaching Fund 55,800 55,800
New Mayapur,
France		 200,000 200,000
(B)Fixed asset funds
Other fixed assets 32,662 43,177 75,839
(C) Loan funds
Loans to gmup 6,936,065 612,773 7448,838
(D) General reserve
General reserve 2,517,665 4,448/33 (3,130,422) (2,414,488) 1,421,088
Total unrestricted
funds		 9,486,392 4,448,333 (3,130,422) 10,804,303

Balance at
Balance at 31
I January Incoming Resources December
2022
g		 resources
f		 expended Transfers
f		 2022
Restricted funds
Goshala l,l&6,923 (46,690) 1,140,233
Nursery 147,559 36,455 (33,984) 150,030
ISKCON New Mayapur 12,372 3,800 (16,172)
HX.Bhakti Charu Maharaja Samadhi
Construction
funds/Ujjain
Funds		 109,878 226,763 (261,000) 75,641
India Covid-19 Appeal 520 520
Alumni 2,050 1,655 3,706
Ukraine Appeal 36/53 (24,728) 11,625
HHSBK Mahamj 77,56& (33,894) 43,673
TPFund 6,206 6,206
Preaching atRBEvents 26,250 (26,250)
HHBPS Tribal 34,000 (34,000)
Villa Vrindavan 2,200 (2/00)
Total restricted funds 1,458,782 451,770 (478,918) 1,431,634
Total funds 10,945,174 4,900,103 (3,609/40) 12,235,937

Balance at 31
Balance at 1 Incoming Resources December
January 2021 resources expended Transfel's 2021
(as restated) (as restated) (as restated)
Unrestricted
funds
(A) Fixed asset funds
Other fixed assets 41,172 (8,510) 32,662
(B)Loan funds
Loans to gmup 7,010,186 (74,121) 6,936,065
(C) General reserve
General reserve 1,151,065 3,822,771 (2,538,&02) 82,631 2,517,665
Total unrestricted
funds		 8,202,423 3,822,771 (2,538,802) 9,486,392
Restricted funds
Goshala 733,404 453,778 (260) l,l&6,923
Nursery 143,978 36,284 (32,702) 147,559
ISKCON Mayapur 94/92 (82/20) 12,372
HX.Bhakti Charu
Maharaja
Samadhi		 73+33 36,345 109,878
Construction
funds
India Covid-19 Appeal 159/77 (159/77)
Alumni 6,918 (4,868) 2,050
Total restricted
funds		 1,045,507 692,702 (279,427) 1,458,782
Total funds 9,247,930 4,515,473 (2,818,229) 10&945,174

21 Analysis ofnet assets between 21 Analysis ofnet assets between funds
Current year
Unrestricted
funds
General Restricted funds Total funds
f f f
Tangible fixed assets 75,839 783337 859,176
Fixed asset investments 100 100
Current assets 10,945,974 659,783 11,605,757
Current liabilities (217,610) (11,486) (229,096)
Total net assets 10,804,303 1,431,634 12,235,938
Prior year
Unrestricted
funds
General Restricted funds Total funds
f f
Tangible fixed assets 32,662 821,170 853,832
Fixed asset investments 100 100
Current assets 9,622,105 740/63 10/62/68
Current liabilities 168475 102651 271 126
Total net assets 9,486,392 1,458,782 10,945,174

22 Related party transactions 22 Related party transactions
The balances owed from and owed to group undertakings at the year-end is as follows:
2022f 2021
Amount
due		 from group undertakings
ISKCON Ltd National ORice (short-term
loan)		 4,884,031 4,271,258
Bhaktivedanata Manor Limited (short term loan net ofprovision) 2,664,807 2,664,807
Bhaktivedanta Manor (donation
amount receivable)		 129,615
ISKCON London (trade debtor) 1,474
7,679,927 6,936,065
Amount
due		 to group undertakings
ISKON Ltd BBT&National of5ce (trade creditor) 100,302 53,924
Bhaktivedanata Manor Limited (trade creditor) 1,260
ISKCON London (trade creditor) 2,283
100/02 57,467