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: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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| page 1 1