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2020-12-27-accounts

Charity number: 1181371

Sri Siddhi Vinayak Mandir

REPORT OF THE TRUSTEE AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27/12/2020

Prepared By:

DNS Associates Chartered Institute of Management Accountants DNS House 382 Kenton Road Harrow, Middlesex United Kingdom HA3 8DP

Sri Siddhi Vinayak Mandir

FINANCIAL STATEMENTS FOR THE YEAR ENDED 27/12/2020

TRUSTEES

Naresh Kumar Guru Mahadevan Lakshmi Pachala Mahesh Sethuraman Ragupathy R Raja Raja Sreevats Ramakrishnan Venkataraman Satheesh Krishnamurthy Swarnalakshmi B

REGISTERED OFFICE

10 Bronete Avenue Kingsmead Milton Keynes MK4 4LQ

CHARITY NUMBER

1181371

BANKERS

HSBC

ACCOUNTANTS

DNS Associates Chartered Institute of Management Accountants DNS House 382 Kenton Road Harrow, Middlesex United Kingdom HA3 8DP

page 1

Sri Siddhi Vinayak Mandir

ACCOUNTS

FOR THE YEAR ENDED 27/12/2020

CONTENTS

Page
Report of the Trustees 3
Independent Examiner's Statement 4
Accountant's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9 to 12
Detailed Statement of Financial Activities 11

page 2

Sri Siddhi Vinayak Mandir

FOR THE YEAR ENDED 27/12/2020 TRUSTEES' REPORT

The trustees present their report and accounts for the year ended 27/12/2020

The Trustees present their report with financial statement of the charity for the year ended 27th December 2020. 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 (FRS102) (effective 1st January 2015).

PRINCIPAL ACTIVITIES

The principal activity of the charity in the year under review was Charitable incorporated organisation .

PRINCIPAL RISKS AND UNCERTAINTIES

The Trustees have responsibility for ensuring that there are effective risk management and systems of internal control in place to manage the Charity's major risks and support the achievement of our strategic objectives.

STRUCTURE GOVERNANCE AND MANAGEMENT

Sri Siddhi Vinayak Mandir is an unincorporated organisation and was registered as a charity on 28th December 2018. The Charity is controlled by its governing document, a deed of turst and constitutes an charity.

OBJECTIVES AND ACTIVITIES

Sri Siddhi Vinayak Mandir's principal aims and objectives are to promote the advancement of the Hindu religion by the establishment and maintenance of a temple for the purpose of public worship and the celebration of Hindu rites, ceremonies and festivals and also to promote the advancement of education in Hindu religion, traditions, history, literature and music.

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on 13/08/2021

Naresh Kumar Trustee

page 3

Sri Siddhi Vinayak Mandir

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 27/12/2020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SRI SIDDHI VINAYAK MANDIR

I report on the accounts of the company for the year ended 27/12/2020 .

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

BASIS OF INDEPENDENT EXAMINERS STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. An 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 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINERS STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

...................................................

Date: 13/08/2021

DNS Associates

Chartered Institute of Management Accountants

DNS House 382 Kenton Road Harrow, Middlesex United Kingdom

HA3 8DP

page 4

Sri Siddhi Vinayak Mandir

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS

OF SRI SIDDHI VINAYAK MANDIR , FOR THE YEAR ENDED 27/12/2020

In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sri Siddhi Vinayak Mandir for the year ended 27/12/2020 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us.

As a practising member of the , we are subject to its ethical and other professional requirements which are detailed on their website.

This report is made solely to the Board of Directors of Sri Siddhi Vinayak Mandir , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Sri Siddhi Vinayak Mandir and state those matters that we have agreed to state to the Board of Directors of Sri Siddhi Vinayak Mandir , as a body, in this report, in accordance with the requirements of the as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sri Siddhi Vinayak Mandir and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sri Siddhi Vinayak Mandir has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Sri Siddhi Vinayak Mandir . You consider that Sri Siddhi Vinayak Mandir is exempt from the statutory audit requirement for the year .

We have not been instructed to carry out an audit or a review of the accounts of Sri Siddhi Vinayak Mandir . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

DNS Associates

Chartered Institute of Management Accountants DNS House 382 Kenton Road Harrow, Middlesex United Kingdom HA3 8DP 13/08/2021

page 5

Sri Siddhi Vinayak Mandir

Statement of Financial Activities
for the year ended 27/12/2020
Income
Income from generated funds
Income from Investments
Income from charitable activities
Total Income and endowments
Expenses
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
Total Expenses
Net gains on investments
Net Income
Gains/(losses) on revaluation of fixed assests
Net movement in funds:
Net income for the year
Total funds brought forward
Net funds carried forward		 Unrestric
ted funds
£
29
18,302
18,331
2,770
5,487
8,257
10,074
10,074
11,103
21,177		 Restricte
d funds
£
-
-
-
-
-
-
-
-
-
-		 2020
Total
£
29
18,302
18,331
2,770
5,487
8,257
10,074
10,074
11,103
21,177		 2019
Total
£
39
26,719
26,758
1,999
13,656
15,655
11,103
11,103
-
11,103

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

page 6

Sri Siddhi Vinayak Mandir

BALANCE SHEET AT 27/12/2020

BALANCE SHEET AT 27/12/2020
Notes
CURRENT ASSETS
Debtors (amounts falling due within one year)
2
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
3
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CAPITAL AND RESERVES
Unrestricted funds
5
General fund		 -
44,157
44,157
22,981		 2020
£
21,176
21,176
21,176
21,176		 200
33,404
33,604
22,501		 2019
£
11,103
11,103
11,103
11,103

For the year ending 27/12/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of trustees on 13/08/2021 and signed on their behalf by

.............................

Naresh Kumar Trustee

page 7

Sri Siddhi Vinayak Mandir

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 27/12/2020

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1c. Resources Expended

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.

1d. Allocation And Apportionment Of Costs

All costs relate to the single activity of the charitable company and are recognised accordingly.

1e. 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.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.

1f. Income

Income represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

page 8

Sri Siddhi Vinayak Mandir

2. DEBTORS
2. DEBTORS
Amounts falling due within one year:
Other debtors
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors		 2020
£
-
-
2020
£
22,981
22,981		 2019
£
200
200
2019
£
22,501
22,501

4. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital.

5. UNRESTRICTED FUNDS

General fund

Brought
forward
£
11,103		 Incoming
resource
s
£
18,331
Outgoing
resource
s
Transfers
£
£
(8,258)
-
(8,258)
-
Outgoing
resource
s
Transfers
£
£
(8,258)
-
(8,258)
-		 Carried
forward
£
21,176
21,176
11,103 18,331 -

page 9

Sri Siddhi Vinayak Mandir

Incoming Resources
for the year ended 27/12/2020
Incoming resources
Incoming resources from generated funds
Investment income
Bank interest receivable
Charitable Activity
Donation - Unrestricted
Other trading activities
Special events
Archana tickets		 29
14,904
3,054
344		 2020
£
29
29
14,904
3,398
18,302
18,331		 39
19,891
5,378
1,450		 2019
£
39
39
19,891
6,828
26,719
26,758

page 10

Sri Siddhi Vinayak Mandir

Expenses

for the year ended 27/12/2020

Expenses
Costs of generating funds
Costs Of Generating Voluntary Income
Catering cost
Charitable Activities
Travel cost
Hall hire
Marquee hire
Repairs and renewals
Accountancy fees
Insurance
Charitable donations
Governance Costs
Priests cost
Temple consumables		 2020
£
2,770
2,770
2,770
-
1,375
-
-
480
182
-
2,037
3,050
400
3,450
8,257		 2019
£
1,999
1,999
1,999
57
4,064
755
576
480
167
748
6,847
6,282
527
6,809
15,655

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