GO DHARMIC WELFARE UK
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
England Charity Number: 1171619 Scotland Charity Number: SC050775
REFERENCE AND ADMINISTRATIVE INFORMATION
REGISTERED OFFICE
Go Dharmic Welfare Uk Suite 119C Business Design Centre 52 Upper Street London N1 0QH
CHARITY NUMBER (England) 1171619
INDEPENDENT EXAMINERS
Dharmendra Jeshani, FCCA
Frasers Young Ltd Association of Chartered Certified Accountants
Alpha House 296 Kenton Road Harrow HA3 8DD
ACCOUNTANTS
Kaushal Patel, FCCA Rshah Accounting Services Ltd 33 The Bramblings Amersham Buckinghamshire HP6 6FN
BANKERS
BARCLAYS BANK Leicester, LE87 2BB, United Kingdom
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
The Charity Trustees for the purposes of the Charities Act 2011, present their Annual Report for the year ended 31 March 2021 under the Companies Act 2006 and the Charities Act 2011, together with their financial statements for the year.
The Trustees confirm that the latter comply with the requirements of the Charities Act 2011, the Companies Act 2006, the Company’s Memorandum and Articles of Association and Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).
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| INDEX | ||
|---|---|---|
| INTRODUCTION | 4 | |
| WHAT WE DO | 6 | |
| OBJECTIVES AND ACTIVITIES | 7 | |
| RESERVES POLICY | 7 | |
| FINANCIAL REVIEW | 7 | |
| GRANTS & EXECUTION | 7 | |
| INVESTMENT POLICY AND PERFORMANCE | 7 | |
| SIGNIFICANT ACTIVITIES AND IMPACT | 8-19 | |
| Global Food Distribution | 8 | |
| Hunger Free Luton | 9 | |
| Expanding Into Scotland | 10 | |
| Shape A Future | 11 | |
| Give It A Grow | 12 | |
| Global Disaster Relief | 13 | |
| GD in Lebanon | 14 | |
| GD in India | 15 | |
| GD in Nigeria | 16 | |
| GD in Uganda | 17 | |
| Salt Ride 2020 | 18 | |
| Go Dharmic App | 19 | |
| Good Karma Store | 19 | |
| FUTURE PLANS | 20 | |
| COVID RELIEF | 20 | |
| STRUCTURE GOVERNANCE & MANAGEMENT | 20 | |
| STATEMENT OF TRUSTEES RESPONSIBILITIES | 21 | |
| STATEMENT OF FINANCIAL ACTIVITIES | 22 | |
| UNAUDITED FINANCIAL STATEMENTS | 24-37 | |
| Report of the Trustees | 1 | |
| Independent Examiner's Report | 2 | |
| Statement of Financial Activities | 3 | |
| Balance Sheet | 4 | |
| Notes to the Financial Statements | 5-11 | |
| Detailed Statement of Financial Activities | 12 |
INTRODUCTION
The first year of the COVID pandemic brought significant challenges to people across the world. Neither the poor or rich escaped isolation, loneliness, loss of loved ones or health concerns. During the worst pandemic in living history, the Go Dharmic community played a significant role in serving those in need. Go Dharmic members, new and old, were called into action around the world delivering food, medical aid, support, clothing and most importantly love. Over 3000 individuals have served tirelessly with Go Dharmic over the past year and it is our mission to continue to build what Vinoba Bhave called the ‘Shanti Sena’ Peace Army and what Dr Martin Luther King described as the ‘Beloved Community’.
The request to join Go Dharmic is a request to understand the highest purpose of our lives, which is to share love and compassion. As we build a community of peace - ready to serve in any given situation, we do so with the principles of Sanatana Dharma at our core. The Dharma of humanity is to love everyone and act for the benefit of all living beings. Ten active local chapters across the UK, from London to Glasgow expanded their services to help anyone in need in their local areas. We have received significant support from Hindu temples and communities across the UK who continue to utilise Go Dharmic as a medium for the expression of Sanatana Dharma based social services Luton Sanatana Seva Samaj and the Shree Kutch Satsang Swaminarayan temple have played incredible roles of support. The core of our services have been the provision of food support and supporting global efforts to help people suffering from the pandemic.
It is the greatest honour of my life to serve alongside such kind-hearted people who give their talents and time towards helping the less fortunate. In Glasgow, we have seen incredible voluntary service helping underprivileged school children and the homeless, in Luton, our community continues to lead the path to a hunger-free town. All of these groups are pillars of local society and able to help those in need.
I also cannot appreciate all of the generous donors who trust and put faith in Go Dharmic to execute their social welfare commitments both here in the UK and abroad. This report summarises our work in the spirit of Sanatana Dharma to Love all, Feed all and Serve all, but more than this, it lays the foundation for the future of Go Dharmic as a community based on the idea that the greatest thing we can do in our lives is to help others. Neem Karoli Baba taught us that love is the strongest medicine, it is more powerful than electricity, and we aim to be spooned to help simply serve that medicine.
All love,
Hanuman Dass
(Hemal Randerwala - Chairman of Go Dharmic)
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
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WHAT WE DO - OVERVIEW
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Go Dharmic is a digital-first charitable organisation that brings people from all walks of life together to Love all, Feed all, Serve all. We through online and offline campaigns propagate the ideas of Sanatana Dharma for the welfare of all beings.
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MISSION
Our mission is love and compassion. The core of Sanatana Dharma is to love all, serve all and feed all and whether in times of peace or great trauma Go Dharmic is a call to help relieve suffering wherever it exists, in whatever form it exists.
PRINCIPLES
Go Dharmic and it’s principles are universally applicable for all of us, regardless of belief or creed. Dharma is that which is best for the welfare of all living beings.
Love - Prema
Compassion - Karuna Non-harming - Ahimsa Friendship - Maitri
We use the Go Dharmic app, local Whatsapp Groups, Social media and other technology tools to connect people who want to make a difference and actively get involved with service-related activities locally and internationally.
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Local groups are guided by local leads who report to the trustees of the Organisation and the Chair Hanuman Dass. Local groups will have the freedom to express their vision for local needs and within the framework of the Go Dharmic principles, launch campaigns and initiatives to serve within their local communities.
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We seek to influence society towards the values of Dharma in a progressive manner, our principles are the cornerstones of our advocacy and we use modern digital tools to increase our reach and expand to new regional areas. We express deep concern for the Environment, poverty and seek to operate social action service across all United Nations development goals.
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Truth - Satyam
Selfless Service - Seva
Charity - Danam
Our Local food distributions are the cornerstones of our groups where people come together to serve the vulnerable through street food service. These distributions expand our feelings of love and compassion for others and put us in good stead when the greater need arises.
Peace - Shanti
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
OBJECTIVES AND ACTIVITIES
Go Dharmic Welfare UK is a registered CIO. Go Dharmic has a strong culture aiming for the benefit of all living beings and our planet through honest acts of kindness, compassion and love. This stems from the charity’s outlook “vasudhaiva kutumbhakam”, “the world is one family” and “Dharma”, a cosmic law underlying right behaviour and social order. Go Dharmic looks to reduce the likelihood of injustice through social action plans and marketing thereof, establishing a more Dharmic world. Go Dharmic does not recognise international borders and, instead, operates as a universal charity aiming to relieve suffering unconditionally. Through the deployment of unpaid volunteers and staff for disaster relief support, educational projects and other humanitarian action campaigns, the charity covers action across all 17 United Nations Global Goals. This, alongside the charity’s culture of empathy, brings about compassion and willingness amongst its volunteers and those they help.
The Trustees have had due regard to the Charity Commission’s guidance on public benefit when considering the Trust’s objectives and activities.
RESERVES POLICY
Go Dharmic’s free reserves are held in order to manage the risks to which the charity is exposed in the course of its activities. The Trustees ensure that the Charity is in a responsible and secure financial position to provide services, to absorb unforeseen setbacks and to take advantage of opportunities that are in line with our charitable mission.
The reserves policy is reviewed annually by the Trustees, to take account of changes to the environment, and any other internal or external risk factors that might impact the level of reserves required.
FINANCIAL REVIEW
The Charity’s total fundraising income in the year was £398,430 (2019: £56,261). Donations totalling £268,730 (2019: £56,261) and total grants were £129,700 were recognised in the year. The Charity’s net expenditure for the year was £292,322 (2019: £60,152). Reserves carried forward are £116,812.
GRANTS & EXECUTION:
Go Dharmic is committed to supporting third sector organisations to help them deliver projects and activities that have a positive and beneficial impact on communities. Funding is provided where it is demonstrated that positive impact will be made, aligned to Go Dharmic’s mission.
In this period, Go Dharmic provided financial aid and successfully executed the projects in India, Uganda, Nigeria, Morocco, Cuba, Nepal and Lebanon.
INVESTMENT POLICY AND PERFORMANCE
As at 31 March 2021, the Go Dharmic assets were held with Barclays Bank. There is an active search for Go Dharmic to acquire a physical centre in London but no plans have been made as yet. All, GO DHARMIC WELFARE UK employees, volunteers and trustees have been encouraged to continue to fundraise for Go Dharmic.
The reserves policy is based on the level of free reserves.
As of 31st March 2021, Go Dharmic had free reserves of £50K.
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SIGNIFICANT ACTIVITIES AND IMPACT
GLOBAL FOOD DISTRIBUTION
Food distribution is at the centre of our organisation. Go Dharmic communities distribute food to people in need as a way of sharing love and compassion.
----- Start of picture text -----
UK
1,186,889
LEBANON
33,600 NEPAL
10,800
CUBA
MOROCCO
5,500
9,000
INDIA
NIGERIA 1,760,726
48,000
UGANDA
24,800
----- End of picture text -----
TOTAL MEALS 3,079,315
Over the COVID impacted period of this report. Go Dharmic has been able to mobilise, promote and execute food distributions totalling over 3 million meals.
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
HUNGER FREE LUTON
Go Dharmic started in Luton nine years ago with an idea of ‘Love all, Feed all’. We aim to make the town hungerfree by distributing free meals to the homeless and poor families. Our ‘Feed Everyone’ campaign has been running for many years now with volunteers distributing hundreds of free meals to anyone in need every week. Over the years we have also established a dedicated community of volunteers in Luton who carry out the feeding campaigns independently. Then came the Coronavirus pandemic which caused a setback to our regular activities for the locals. But as they say, every calamity comes with an opportunity. We decided to help anyone and everyone in Luton who was affected by the Coronavirus lockdown as the need for our services significantly increased.
Go Dharmic Luton led by Arti Patel and Priti Tailor established free school meal packs with schools across Luton and street food distributions which have helped thousands of meals to vulnerable school children across Luton.
We have also delivered 10,000+ free meals for elderly and isolated citizens, and every week distribute free meals in the town centre to homeless and vulnerable members of the community.
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EXPANDING INTO SCOTLAND
We started Go Dharmic Glasgow in May 2020 with the help of the organisation Caring for Carers. It did not take long for this to become a major base for us in the UK, we have a large office and a team of over 30 dedicated volunteers working round the clock to Love All, Feed All, Serve All. It started with distributing meals to the homeless from 1 small table, distributing around 40 meals each week. This has evolved into a much bigger distribution helping more people with upwards of 600 meals given out alongside warm clothes, toiletries and a signposting service to help people out of homelessness and get the right help for those recently housed.
At the start of the school year in August 2020 we launched our distributions to families of 2 primary schools and a nursery in Govan; Riverside & St Saviour’s Primaries and Broomloan Nursery. We work closely with the school to distribute around 100 food parcels to the families, fresh fruit and vegetables every week as well as other staples such as eggs, bread and chilled items.
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
SHAPE A FUTURE
The Shape a Future Campaign to help develop libraries for vulnerable children has been particularly successful in gaining fundraising support from across the UK. At the end of this period, we have now completed the redevelopment of 74 School Libraries providing 25,000 books, 7,000 Sports kits, board games, digital tools and furniture.
For us to establish a fairer society more in line with the values of Dharma, we must establish better education facilities for girls especially and ensure we do everything we can to help improve conditions in their schools.
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GIVE IT A GROW
We strongly believe that many of our environmental problems would be resolved if there were more trees around us. They act as a catalyst for positive change. Under our Give it a Grow campaign, we aim to plant 1 million trees by the end of 2026! During this year contributions from Go Dharmic UK have enabled more than 10,000 trees to be planted.
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
GLOBAL DISASTER RELIEF
Go Dharmic aims to develop Disaster relief teams that can be constantly available to serve in any major disaster. With climate change causing significant global problems we predict that there will be a great need for humanitarian relief over the next decade and are building preparedness and readiness for relief teams in India to be able to serve during times of disaster. Like the major COVID response, Go Dharmic will be on hand to serve during major humanitarian disasters.
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GD in Lebanon
Decades of corruption and mismanagement had left Lebanon in an economic crisis forcing many families to shift below the poverty line. Then came the Coronavirus pandemic which shook the country’s poor healthcare system. To make situations worse, on 4th August, two massive explosions hit Beirut, claiming hundreds of lives and leaving thousands of them injured and homeless. The chaos caused by the blasts has accelerated the spread of Covid-19 to a record high causing the hospitals to be overwhelmed with Coronavirus and the blast patients. Just a couple of days after the blasts, the entire government of Lebanon resigned, adding up to the already existing severe political unrest in the country.
More than 250 relief kits including medical kits & ration supply, which equates to over 33,600 meals, were distributed to the families in the worst affected areas of the city by Go Dharmic volunteers.
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
GD in India
India witnessed multiple natural calamities in the last one year - from Cyclones to Floods to a Glacier Burst. Our volunteers reached the affected areas and helped families with ration kits and medical aid. Cyclone Amphan in West Bengal, 2020 Assam Floods, Uttarakhand Glacier Burst, 2020 Mumbai Floods, Cyclone Yaas to name a few where we mobilised relief teams for support and aid for the local communities.
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GD in Nigeria
Go Dharmic and Sparkle Foundation distributed food kits to families from the Odo Ayandelu community in Lagos and Abatiwa community in Ogun State, Nigeria. We distributed ration kits equivalent to 48,000 meals.
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
GD in Uganda
Go Dharmic, along with the Jinja Educational Trust distributed food kits equivalent to 24,800 meals to teachers who were unable to feed their families due to the lockdown in Jinja, Uganda
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SALT RIDE 2020 - RIDE FOR THE ENVIRONMENT
90 years ago, Mohandas Karamchand Gandhi led dozens of his followers on a 384km journey from Sabarmati Ashram to Dandi, a small village on the Arabian sea, to protest the British law on tax. Leaning on a walking stick and dressed, as always, in modest homespun clothes, Gandhi hoped to bring the world’s attention to the growing Indian independence movement by highlighting the injustice by Britain’s colonial salt laws, which forbid Indians from producing or selling their own homegrown salt and taxed them 4000%.
The Go Dharmic Salt Ride promotes Environmental Welfare and provides a platform for people to plant thousands of trees whilst riding for our planet. Due to COVID, the event ran virtually in 2020 and 90 Riders participated with over 17,000km being cycled. Over 10,000 trees were planted in the Dharma forest of the Sundarbans, West Bengal.
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
GO DHARMIC APP
2020 was a year of digital connections and having to adapt. We all had to find new ways to communicate, raise money, and build our community. Hanuman Dass always had a goal of launching an app for Go Dharmic members to communicate on and strengthen the values and work we are all doing. This June, the Go Dharmic app was born as a means to connect to more people and form our community where we all talk and take actions towards the causes that we work for. We are happy to say that in the span of this financial year, we have over 800 users on our app and growing quickly. We utilise the app to promote social campaigns, provide critical updates, inspirations, distribution locations, volunteer stories and Go Dharmic’s work on our App. Our App is available on Android Play Store and Apple App Store.
GOOD KARMA STORES
The “Good Karma Store” concept is a simple and useful initiative that appears to have gone viral around the world for all the best reasons! We launched our first Good Karma store in Slough in October 2020. The amount of love and support we received for our first launch of the store is incredible. We are highly grateful to everyone who helped us put that up. The concept of Good Karma Store is based on this realisation that if people learn to reuse and upscale fashion, it can be more sustainable and help many underprivileged.
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FUTURE PLANS
In 2020-21, Go Dharmic performed major relief efforts across the World and established a digital-first policy to build our community. We utilise the Go Dharmic app, Facebook groups, Whatsapp and Slack to create the network that can create the change necessary for growth.
Go Dharmic has long term plans to be active in 100 cities across the world, creating groups of people who come together to Love all, serve all, feed all and work in the spirit of human kindness to serve the less fortunate. Go Dharmic continues to lean on volunteers across the UK to keep administrative costs to a minimum and ensure the maximum amount of fundraising goes towards serving those in need. We utilise support staff in India to ensure our volunteers are assisted across the globe for all our social campaigns.
COVID RELIEF
Covid has had a significant impact on health, economy and society worldwide.
Go Dharmic worked extensively to provide aid support in the UK and abroad. Some of the highlights were distributing more than one million meals across the UK to people facing poverty, assisting NHS workers who were struggling to cope with the pandemic with meals and essential support and helping the elderly with free meals. Such was the scale of the Go Dharmic community intervention, DEFRA (Department for Environment, Food and Rural Affairs) entrusted Go Dharmic with a grant of £100,000 to deliver food aid across the UK.
Thousands of individual volunteers across the UK assisted the Go Dharmic COVID Response effort and helped support many vulnerable people from all communities and walks of life. Abroad, the COVID relief efforts were equally effective with aid efforts in Morocco, Lebanon, Nepal, Uganda, Nigeria, Cuba and a huge response across India.
Despite challenging circumstances and social distancing, Go Dharmic continues to provide aid and support across the globe.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Go Dharmic Welfare UK is legally constituted under its Charity Constitution dated 10/02/17 and amendments thereto.
The Trustees in office during the year, and at the date of signing these financial statements, are set out below. The Trustee Board has overall responsibility for the governance of the Charity.
The Trustee Board meets three times a year to discuss various matters including strategy, performance and progress against priorities and plans.
Every new Trustee is provided with a summary of Go Dharmic’s operations to achieve its charitable objectives, with particular attention to its core areas of operations. Trustees are able to undertake training in specific areas of Go Dharmic’s operations through visits and presentations.
New Trustees can be co-opted by the members to fill a vacancy at any time during the period. Coopted Trustees, if they wish to continue, seek re-election at the first Annual General Meeting after their appointment.
In India, volunteers and staff worked tirelessly to serve people affected by an acute lack of Oxygen supplies in the country together with a lethal Delta virus pandemic. Go Dharmic raised funds and delivered medical, food, and moral support to beneficiaries across the Country.
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Trustees’ Report and Financial Statements Year Ended
YEAR ENDED 31 MARCH 2021
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).
Company law requires the Trustees, as company Directors, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities Statement of Recommended Practice (SORP);
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping sufficient accounting records to illustrate the charitable company’s transactions and financial position at any given time, and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for compliance with legal requirements, safeguarding the assets of the charity for the prevention and detection of fraud and other irregularities.
This report had been prepared in accordance with the provisions of the Companies Act 2006 applicable to small companies.
By order of the Board
Hanuman Dass (Hemal Randerwala - Chairman of Go Dharmic) Date: 31/01/2022
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Statement of Financial Activities For the year ended 31 March 2021
| Analysis of incoming resources | 2021 £ |
2020 £ |
|
|---|---|---|---|
| Voluntary income | |||
| Donations | 77,847 | 52,513 | |
| Gift Aid | 2,654 | 3,748 | |
| Covid-19 Food Support | 16,990 | - | |
| In-kind Donations | 63,441 | - | |
| Other Donations | 107,798 | - | |
| Sub-total | 268,730 | 56,261 | |
| Activities for generating funds | |||
| DEFRA Grant - Food Distribution | 100,000 | - | |
| Other Grants | 29,700 | - | |
| Sub-total | 129,700 | - | |
| Total incoming resources | 398,430 | 56,261 | |
| Analysis of resources expended | 2021 | 2020 | |
| £ | £ | ||
| Costs of generating voluntary income | |||
| Subcontractor costs | 19,923 | 19,825 | |
| Subscription (Advert) | 2,393 | 942 | |
| Website & Software expenses | 17,045 | 13,215 | |
| Direct Expenses | 2,572 | - | |
| Rent | 5,190 | - | |
| Sub-total | 47,123 | 33,982 | |
| Charitable activities | |||
| UK Feeding Projects | 85,798 | - | |
| Projects outside UK | 18,635 | 15,474 | |
| DEFRA Food Distribution | 99,999 | 6,101 | |
| The Waste and Reso Wrap | 16,030 | - | |
| Environmental Awareness | 2,969 | - | |
| Donation | - | 1,500 | |
| Sub-total | 223,431 | 23,075 | |
| Governance costs | |||
| Travel for Feeding Project | 1,881 | 875 | |
| Telephone expenses | 352 | 198 | |
| Printing cost | 1,947 | 1,531 | |
| Accountacy Fees | 1,200 | 500 | |
| Depreciation - Motor Vehicles | 1,973 | - | |
| General Expenses | 2,598 | - | |
| Repairs & Maintenance | 488 | - | |
| Wages and Salaries | 11,330 | - | |
| Sub-total | 21,769 | 3,104 | |
| Total resources expended | 292,323 | 60,161 | |
| Net incoming/(outgoing) resources | 106,107 | (3,900) |
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Total Receipts for 2020-21
----- Start of picture text -----
Other Grants Donations
7.6% 19.9%
77,847
100,000
Gift Aid
DEFRA Grant - Food 0.7%
25.6% ₤398,430
Covid-19 Food Support
55,821
4.3%
107,798
Other Donations In-Kind Donations
27.6% 14.3%
----- End of picture text -----
Total Payments for 2020-21
----- Start of picture text -----
Rent
1.8% Environmental
1.0%
Salaries
3.9%
The Waste and Reso
5.5%
Website & Software
DEFRA Food
5.8%
Distribution
100,000 34.2%
₤292,322
UK Feeding
Projects outside UK 19,923
6.4% Projects
29.4%
85,798
Subcontractor
6.8%
----- End of picture text -----
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REGISTERED CHARITY NUMBER: 1171619
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
GO DHARMIC WELFARE UK
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GO DHARMIC WELFARE UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 11 |
| Detailed Statement of Financial Activities | 12 |
GO DHARMIC WELFARE UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1171619
Principal address
Suite 119C, Business Design Centre 52 Upper Street Islington London N1 0QH
Trustees
H Randerwala
Ms S Randerwala
K Pulkit Dr N Sutton S Vaudyanathan S Patel (appointed 28/10/2021) S D Patel (appointed 17/9/2021)
Approved by order of the board of trustees on 31st January 2022 and signed on its behalf by:
Hanuman Dass (Hemal Randerwala - Chairman of Go Dharmic)
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GO DHARMIC WELFARE UK
Independent examiner's report to the trustees of Go Dharmic Welfare UK
I report to the charity trustees on my examination of the accounts of Go Dharmic Welfare UK (the Trust) for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Dharmendra Jeshani, FCCA
Association of Chartered Certified Accountants
Alpha House 296 Kenton Road Harrow HA3 8DD
Date: 31/01/2022
Page 2
GO DHARMIC WELFARE UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Year Ended | Year Ended | ||||
|---|---|---|---|---|---|
| 31/3/21 | 31/3/20 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 194,192 | 204,238 | 398,430 | 56,261 | |
| EXPENDITURE ON | |||||
| Raising funds | 2 | 126,727 | 165,597 | 292,324 | 60,162 |
| NET INCOME/(EXPENDITURE) | 67,465 | 38,641 | 106,106 | (3,901) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 10,706 | - | 10,706 | 14,607 | |
| TOTAL FUNDS CARRIED FORWARD | 78,171 | 38,641 | 116,812 | 10,706 |
The notes form part of these financial statements
Page 3
GO DHARMIC WELFARE UK
BALANCE SHEET
31 MARCH 2021
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 5 7,892 - CURRENT ASSETS Cash at bank 72,778 38,641 CREDITORS Amounts falling due within one year 6 (2,499) - NET CURRENT ASSETS 70,279 38,641 TOTAL ASSETS LESS CURRENT LIABILITIES 78,171 38,641 NET ASSETS 78,171 38,641 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 funds £ 7,892 111,419 (2,499) 108,920 116,812 116,812 78,171 38,641 116,812 Total |
2020 funds £ - 10,706 - 10,706 10,706 10,706 10,706 - 10,706 Total |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31st January 2022 and were signed on its behalf by:
Hanuman Dass (Hemal Randerwala - Chairman of Go Dharmic)
The notes form part of these financial statements
Page 4
GO DHARMIC WELFARE UK
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 charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The accounts have been prepared in accordance with the Charities SORP (FRS102) applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The accounts have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
The GO DHARMIC WELFARE UK Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimation and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects the current and future periods.
In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting the assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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1. ACCOUNTING POLICIES - continued
Income
Voluntary income is included in the Statement of Financial Activities (SoFA) when Go Dharmic is legally
entitled to the income, receipt is probable and the amount can be quantified with reasonable certainty.
Services donated by GO DHARMIC WELFARE UK International plc are included within incoming resources and resources expended at an estimate of their value to the Trust.
Expenditure
Expenditure is recognised on an accrual basis as each liability is incurred. Charitable activities include grants awarded and associated support costs.
Services donated by GO DHARMIC WELFARE UK International plc are included as above and relate to the provision of staff time absorbed by the charity. The Trustees received no remuneration or expenses during the current or preceding period. Currently no Trustees are employees of GO DHARMIC WELFARE UK.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Foreign currencies
Transactions in foreign currencies are translated into sterling at the prevailing rate of exchange on the date of the transaction.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Liabilities
Liabilities are recognised when Go Dharmic has a constructive or legal obligation to make a payment to a third party.
Taxation
No provision is made for corporation tax, as Go Dharmic is able to claim full statutory exemption subject to the proper application of all its charitable resources.
Fund accounting
Unrestricted funds held by the charity are those which can be used in accordance with the charitable objectives at the discretion of the Trustees
Restricted funds are where specific conditions are imposed by the donor which restricts the use of unspent funds. The income is taken directly to the relevant restricted funds.
Investments
Investment funds are held at Barclays Bank in an interest-bearing bank account. Foreign currency
Transactions in foreign currencies are translated into sterling at the prevailing rate of exchange on the date of the transaction.
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GO DHARMIC WELFARE UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES - continued
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
Creditors and provisions
Creditors and provisions are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third-party and the amount due to settle the obligation can be measured or estimated reliably.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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GO DHARMIC WELFARE UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. RAISING FUNDS
Raising donations and legacies
| Year Ended | Year Ended | |
|---|---|---|
| 31/3/21 | 31/3/20 | |
| £ | £ | |
| Support costs | 292,324 | 60,162 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the period ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the period ended 31 March 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 56,261 - EXPENDITURE ON Raising funds 60,162 - NET INCOME/(EXPENDITURE) (3,901) - RECONCILIATION OF FUNDS Total funds brought forward 14,607 - TOTAL FUNDS CARRIED FORWARD 10,706 - |
Total funds £ 56,261 60,162 |
| (3,901) 14,607 |
|
| 10,706 |
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5. TANGIBLE FIXED ASSETS
| COST Additions DEPRECIATION Charge for year NET BOOK VALUE At 31 March 2021 At 31 March 2020 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors |
£ 9,865 1,973 7,892 - Motor vehicles 2021 2020 £ £ 2,499 - 2,499 - |
|---|---|
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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GO DHARMIC WELFARE UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1/4/20 | in funds | 31/3/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 10,706 | 67,465 | 78,171 |
| Restricted funds | |||
| Donations | - | 38,641 | 38,641 |
| TOTAL FUNDS | 10,706 | 106,106 | 116,812 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 194,192 | (126,727) | 67,465 |
| Restricted funds | |||
| Donations | 204,238 | (165,597) | 38,641 |
| TOTAL FUNDS | 398,430 | (292,324) | 106,106 |
| Comparatives for movement in funds | |||
| Net | |||
| At | movement | At | |
| 01/04/19 | in funds | 31/3/20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,607 | (3,901) | 10,706 |
| TOTAL FUNDS | 14,607 | (3,901) | 10,706 |
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Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 56,261 | (60,162) | (3,901) |
| TOTAL FUNDS | 56,261 | (60,162) | (3,901) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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GO DHARMIC WELFARE UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Year Ended | Year Ended | |
|---|---|---|
| 31/3/21 | 31/3/20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 395,776 | 52,513 |
| Gift aid | 2,654 | 3,748 |
| 398,430 | 56,261 | |
| Total incoming resources | 398,430 | 56,261 |
| EXPENDITURE | ||
| Support costs | ||
| Management | ||
| Wages | 11,330 | - |
| Other operating leases | 5,190 | - |
| Telephone | 352 | 198 |
| Advertising | 1,308 | - |
| Sundries | 2,598 | - |
| Motor costs | 1,845 | - |
| Accountancy costs | 1,200 | 500 |
| IT Software and Consumables | 17,045 | 13,215 |
| 40,868 | 13,913 | |
| Other | ||
| Postage and stationery | 1,947 | 1,531 |
| Charitable activities | 223,431 | 23,075 |
| Subscriptions | 1,086 | 943 |
| Consultancy fees | 19,923 | 19,825 |
| Travel costs | 36 | 875 |
| Direct expenses | 2,572 | - |
| Repairs & Maintenance | 488 | - |
| Motor vehicles | 1,973 | - |
| 251,456 | 46,249 | |
| Total resources expended | 292,324 | 60,162 |
| Net income/(expenditure) | 106,106 | (3,901) |
This page does not form part of the statutory financial statements
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Trustees’ Report and Financial Statements Year Ended
Go Dharmic Welfare UK
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of Section 477 of the Companies Act 2006 (“the Act”) and members have not required the company to obtain an audit of its accounts for the period in question in accordance with Section 476 of the Act. The Trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with Section 386 of the Act, and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2021 and of its deficit for the period then ended in accordance with the requirements of Sections 394 and 395 of the Act, and which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements so far as applicable to the company.
The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These accounts were approved by the Trustees on 20th January 2022 and were signed on their behalf by:-
Hanuman Dass (Hemal Randerwala - Chairman of Go Dharmic)
38
ENGLAND GO DHARMIC
Go Dharmic, Suite 119C, Business Design Centre, 52 Upper Street, London N1 0QH
Phone: +44 20 711 28853
Email: info@godharmic.com
SCOTLAND GO DHARMIC
Burnfield House, 4A Burnfield Avenue, G46 7TL Glasgow, Scotland
Phone: +44 20 711 28853
Email: glasgow@godharmic.com
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