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|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|
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|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.|
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|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.||||||||||
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|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|
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|||||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|
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|||||(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|
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||||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|
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|||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|
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|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|
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||||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|
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|---|---|---|
|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|
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||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|
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|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|||
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|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|
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|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|
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|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|
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|||||||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|
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||||||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|
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|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|
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|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|
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