REGISTERED NUM8ER: 09732043 REGISTERED CHARITY NUMBER: 1182268 VEPIKATAKRUSHNA VRVNDAVANA VK LTD {A company lirnlted by Euarantee} REpoKf AND UNAUDITED HPIANCIAL STATEMEPITS YEAR ENDED 31 AUGUST 2021 *ABAR557L' 19108r2022 COMPANIES HOUSE A03 1299 VENKATAKRUSHNA VRUNDAVANA UK LTD FINANCIAL ￿ATEmENTs AIIO TRusfEES' REPORT FOR THE YEAR ENDED 31 AUGusf 2021 CONTENrs PAGE CONSTrTUTIONAL AND ADMINISTIIATIVE OETAILS TRUSTEES, REPORT INDEPENDENT EXAMINERS REPORT ATEMENT OF FINANCIAL AcfiviTJES BALANCE SHEET NOTES TO THE FINANCIAL5TATEMENTS 8-9 VENKATAKRUSHNA VRUNDAVANA UK LTD CONSTITUTIONAL AND AOMINISTRATIVE DEfAILS FOR THE YEAR ENDED 31 AUGusf 2021 Charlty Name VENKATAKRUSHNA VRUNDAVANA UK LTD Charfty Re£￿tratiOn Number 1182268 Company Registration Number 09732ts13 Reglstered address 36 Station Grove. Wembley HAO 4AL Bankers State 8ank of India 15 Kings Street London EC2V 8EA Independent Examiner Vaishnayi R No 7 Winkworth Hace Banstead SM7 2AA Board of Truste The Tfustees. who are also directors of the compary, ser¥in8 durin8 the year were as follows.. Sri Sri 5uÉunendra Theertha Swarniji Mr Keshav Th¥Jkaram Mr Yogeendra Bhat Uli My Prasanna Maniyoor Gownd Mr Rathisha Mr Sudhir Laxman Shetty VENKATAKRUSHNA VRUNDAVANA UK LTD TRusfEES' REPORT FOR THE YEAR ENDED 31 AUGiN 2021 The Trustees, who a￿ also directors of Venkatakwushna Vrundavana UK Ltd for the purposes of the Compantes ACL present their annual report together with financial State￿￿ntS for the year ended 31 August 2021. Str￿ture. Governan2021 As the effects of the pandemic slowly wear out. and restrictions have been lifted we have been able to move back to in-person events. The benefits of reaching a wider audience through virtual events is immense and we are happy to note that online event5 such as Gita chantin& webinars on varioLbS topics of theobgtcol interest are continuing to be carried oul Virtually. We would a150 like to place on record the valuable time and seNice offered by the many volunteers without whorn none of these activities Could have been carried out successfvlty. VENI(ATAKRUSHNA VRUNDAVANA UK LTD TRusfEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2021 FUTURE PLAN5 In keeping with the CO￿ mission of the Charity. the fvt￿￿ plans of the mutt include online Veda chanting and 8hagavad Gita classes. These have alreathy commenced in and there has been 8￿at support for this initiative. Various ￿Ular homas and poojaswill be conducted at the Mutt. We would like to establish a tran5artsonal website and create a monthty new51etter for the Mult so devotees can keep up with regular updates on the activities of the Mutt. We are enlisting the support of various volunteerstoassistwith these inrtiatives. We plan to establish satelllte branches in Leeds and Manchesteras there 15 a strong following forthe Hindu faith in those areas. We also hope to move to larger, more permanent premises to seryice the need5 of the community which is growing. The plan 15 to condutt regular classes on Yoga, meditation. Bhagavad Gita lectures and SatsanBhs to ensure the continuity of the spread of the knowledge of the Hindu Dvaita philosophy. FSnantlal Revlew The charity received income of £50.321 in the yearto 31 ￿U$l 202112020-. £20.7921. The overall surplus for the year was £4.02012020: £2.7391. Reserves Policy Currently there is no reserves polity in place. The Trustees will review this in the coming financial year and hope to develop a reserves policy that will ensure the finarKial stability of the charity for the future. The charity has built up a modest reserve of £4,020. TRUSTEES, RESPONSIBIUnES The Trustees are responsible for preparing the Trustees, Report ar￿ the financsal Statements in accordance with applicable law arKI Untted Kingdom Actounting Standards Iunrted Kin8dorn Generally Accepting Accounting Pract¥cel including FRS 102. Company law requires the Trustees to prepare financial slatements for each financial year which gwe a true and fair view of the stale of affairs of the charitable company and of ihe income and expenditure of the cttaritable company for that year. In preparing those financial statements, the Trustees are reqUI￿d to: select suitable accounting policies and then app￿ them con5i5tently- make judgements and estimates that are reasonable and prudent., state whether applicable UK Accountirrd Standards have been followed. subiett to any material departures disclosed and explained in the financial ststements; and, prepare the financial 51atements on the going concem basis Unless it is inappropriate to presume that the charltable company will conts.nue in operation. The Trustees are responsible for keepire properaccounting ￿cOrdS thai disclose with ￿asonable accuracy at anv time the financial position of the charitable company and enable them to ensure that the financial statements compfy with the Companies Act 2(XJ6. They are also responsible for safeguarding the assets of the tharitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. The Trustees a￿ responsible for the maintenance and integrity of the corporate and financial information included on the charitable compan￿5 website. Legislation in the United Kingdom Eoveming the preparation and dissemination of financial statements may differ from legislation in ot￿r jurisdictions. VENKATAKRUSHNA VRUNDAVANA UK LTD TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGiIST 2021 Indepèndent examiner Vaishnavi R was appointed as the independent examiner during the year and she will be proposed for re- appointment in accordance with section 485 of the Companies Act 20)6. This report has been prepared in accordance with the special provisions for small companies under section 477 of the Companies Act 2(￿. Approved by the board and slgned on its behalf by: Mr Keshav Thukaram Dats: 01 August 2022 VENKATAKRUSHNA VRUNDAVANA UK UMrrED INDEPENDEiff EXAMINERS REPORT TO THE TRiisfEES OF VENKATAKRUSHNA VRUNDAVANA UK UMTfED I report on the finanaal Statements ol Venkatakrushna Vrundavana UK Limited for the year ended 31 AuRUSt 2019, which Jre set out on pages 6 to 11. Respertive respon51bllitiesof trusoees and examlner The trustees (who are also the director5 of ihecompany for the wrpose% of company lowl are responsible for the preparation of the financial statements in accordan￿ Mih ihe requirements of the Companies Act 21X)61'the 2(MJ6 Aci'l. Having satisfied rnyself that the finanoal statements of the charity are not required to be audited under Part 16 of the 20C Act and are eli8ible for independent examinatK)n. I report in respect of my e¥aminaiion of the charivs financial siatements as carried out under sectyon 14S of the Charities Aci 2011 (the 2011 Attl. In carryin8 Out my examtnation I have lollowed ihÈ Dirertion5 &ven by the Charity Commission undef section 145lbl of the 2011 Aci. This report. indudin8 my ststemeni, has been prepared for and tinly for the Chari￿s irustees as a body. My work has been underraken $0 that I might state to the chariws trustees those matters l am required to stale to ihem in an indepèndent exarninerfs report and for no other purpose. To the fullest extent permitted by law. I do not attept or assume responsibility to anyone other than the charity and the tharivs trustees as a body for my examination wofk. for this report. orforthe Statements I have made. 83515 ot 5ndependent examlnerfs r•port My examination w35 carr*d out in accordan￿￿7th the8eneral Directions wven by the Charity Commission. An examinatio Includes a review of the accounting records kept by the charity and a comparison of the finanoal statements presented with those records. It also Intludes consideraiion of any unusual iiems or disclosures bn the finanoal statements and seeking explanations from you a5 trustees cOn￿rnIng any suth rnatters. The procedures undertaken do noi provide all the evidence that would be iequired in an audit. and consequen￿¥ no opinion is given as to whether the financial ststemenrs present a 'true and fair Vie￿ and the report ￿ limited to those rnatters set out in the staiernent below. Independent emamlnerfs ststement In tonnertion with rny examination. whith is complete, no matters have come to my aitention whlth qfjve me reasonable cause to believe that in any material respea.. accountin8 records were not kept in ￿pl￿r of Venkatakrushna Vrundmna UK Limited in accordance wr(h 5eaion 386 of the 2006 Att.. or the financial staternents do not accord with those record5.' or the financial statements do not tompty wilh ihe atcountine requirements of sertiort 396 of the 2&)6 Aet other than any requirement that the finartoal statements eive a'true and fai< view which is ftot è matter consldered as part of an independent exanNftat￿A' ¢x the financial statements have not t>een prepared in accordan￿ with the methods arnd principals of rhe Staiernent of Retornmended Practice for accountsn8 and reporting by Charit￿ applicable to charities preparinK their attounts in accordance the Finanaal Reporting Standard applbcable in the UK and Republlc of Ireland IFRS 1021. In carryir* out my examination I have reviv*MI the ifflpart of COVID19 on thefinancial statements. I draw your attentlon to the trustees. view on ihe impact of COVID-19 as disclosed on page 2, the Con￿deratIOn 8bven in the going concern basls of preparation on page 9 and non-adjusting post balance sheei e¥enrs on pa8e 13. Since the balance sheei date there has been a zlobal pandernic frorn the outbreak of COVID-19. the Impart of whlth became si8nifKant in March 2020 and 15 C3usin8 widespread disrupD"on io normal patterns of business aaNity across ihe world. including the UX. The fvll Trnpad followW￿ the recent emer8enceof COVID-19 ts stil unknown. It is therefwe noi currently possible to evaluate all the potential implications to ihe thari￿S operations. benefitiaries and the wider economy. I have no concern5 and have come acfOSS no other matters in connection ￿th the eXarninat￿￿ to which. in my opinion. atte tion should be arawn in order io enable a pr47per understanding of the finanaal staternents to be reathed. Vais navi Rathavendar 140 7 Wlnkworth PIK•. SM7 2AA Date: 01 August 2022 VENKATAKRUSHNA VRUNDAVANA UK UMrrED srATEMENf OF FINANCIAL ACllVmES (Incorporating the Income and Expenditure Account) FOR THE YEAR ENDED 31 AUGusf 2021 2021 Total 2020 Total Incorne Donations 50.321 20,792 Total income 50.321 20,792 Expenditure Charitable activities 18,225 Total expendI￿re 18,225 Net income for the year 4020 2.￿7 Reconclliatlon ol funds Funds brought forward at I September 2020 Funds carried lon￿rd at Avgust 21nl 4.899 2.332 &919 4,899 l of the above result5 are derr4ed from continubng activities and all amounts relate to unrestricted funds in both the current and prioryear. There are no other ￿ognISed gains or l¢)sses forthe year other than as induded atx)ve. VENKATAKRUSHf4A VRUNDAVANA VK LIMtTED COMPANY NUMBER 09732043 BALANCE SHEEf AS AT JI AUGiisf 2021 Notes 2021 2020 Current ass•ts Cash at bank and in hand 8.919 8J19 4.879 4.879 Credltor5". Amounts falling due within one year IZ140) Net current assetsl{liabihties) Net assets 8.919 2.739 Funds: Unrestricted incorne funds 8,919 2,739 Total funds 8,919 2.n9 For the year ended 31 August 2021. the company was entitled to exemption from audrt under settion 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audst In accordance wth section 476 of the Companies Act 2006. The dirertors ackrnwledge their responsibilty forc0mp￿￿ng with requirements of the Act with respectto accounting records and the preparaknon of accounts. These accounts have been P￿pared in acCOrdar￿ the provisions ofcompanies subject to the small companie< ￿lMe. The financial statements ¢)n pages 6 to 11 were approved by the Trustees and authorised for issue on 01 ALVdUSt 2022 and siened on their behalf by. Mr Keshav Thuk¥am Trustee VENKATAKRUSHNA VRUI4DAVAIIA UK LIMITED NOTES TO THE FINANCIAL STATEME14TS FOR THE YEAR ENDED 31 AUGiJsf 2021 AccourinNfj POUOES The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the MO￿ important policies is set out below. Basls af accountin8 The financial statements have been prepa￿d under the historical cost convention and in accordance with the provisions of the Companies kt 2￿6 and in compliarKe wtth thestatement of Aecommendeil PractI￿- Accouniing and Reporting by Charities SORP 2015 IFKS 1021 and applicable UK Accounting Standards. A cash-flow statement has rK)t been p￿pared because the chèrity is a small charity and is therefore exempt from ihe reqU1￿ment to P￿pare a cash-flow statemenL The company was incorporated on 13 August 2017 and was converted to a charitable company on 29 February 2019. The trustees confirm that they consider it is appropriate for these financial statements to be prepared on the going concern basis. The trustees have the continued support of the Puthige Mutt. Udupl. 80th sources of income and types of expendilure have been reviewed. Whilst one of the main charitable purposes of the Fund is to support the maintenance of place of public worship for followers of the Hindu faith. the level of this necessary expenditure is at the discretion of the trustees and can be adjusted during the year. The trustees have also considered the Char￿5 working capital and capital expenditure fequirements. As a result of the fore8oing the trustees are satisfied that it is appropriate to prepare the accounts on a going concem basis. b) Incorne All income is included in the Statement of Financial Activities when the charitable company is entitled io Ihe income and the amount can be quantified wrth ￿aSonable accuracy. The following specific policies are applied to particular categories of income= Voluntary income byway of donations and gifts are included in full in the Statement of Fbnancial ArtNities when recep4able. Expendlture Expenditure is included in the Statement of Finanoal O£tivities on a cash basis, indusive of any VATwhich Cannot be recovered. Charitable expenditure comprises those costs incurred by the charitsble company in the delivery of Its actwtties for its beneficiaries and comprise5 both the direci costs and support costs relating to those actiwt*s. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include independent examirte¢s and audit fees and costs rinked to the strategic management of the charitsble company. All costs a￿ allocated between the expenditure categorles of the Statement of Financial Activliies on a basis designed to ￿flert the use of the resour￿. Costs relating to a particular activity comprise both costs that can be allocated directty to such acttvit*s and those costs of an indirect nature necessary to support them. VENKATAKRUSHNA VRUNDAVANA UK UMITED rK•TES TO THE FINANCIAL STATENEpirs FOR THE YEAR ENDED 31 AUGusf 2021 Unrestri(ted fvnds Unrestrirte(I fundsare donations and other income receivable, or generated forthe obierts of the charity. without further specified purpose and are available as general funds. Deslgnaled funds Designated funds are un￿Stricted funds earnarked by the Trustees for partkular purp05e5. Restrirted fund5 Where income is reteNed for purposes Speci￿ ty the donor or by the temis of the appeal urtdef which it was raised, that income is shown as restricted in the Statement of Financial Activities. Expendtture for the specified purposes a￿ shown as re5tri¢ted expenditure. Any unexpended balance is carried forward as restricted Income funds. g) Deferred IrKorne Deferred income comprises amounts granted in advance on projects where it is clear from the tem)s under which the fund5 are received that they cannot be used until future yearSOf there are pre-condltions to entitlement which have not yet been mer. hl Taxation As a charitable company. Venkatakrushna Vrundavana UK Ltd is Èxempt from tax on income and gains falling within section 478 of the Taxes Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable obierts. No lax charges have arisen within the tharitable cornpany. Voluntsry Income 2021 Totsl 2020 Total Unrestricted Restricted Oonaiions 50.321 50.321 50321 50.321 20,792 20,792 VENKATAKRUSMNA VRUNDAVANA UK LIMITED NOTES TO THE FINANCIAL STATEMEPITS FOR THE YEAR E140ED 31 AUGvsf 2021 Expend•ture 2021 T¢)tal 2020 Total Rent 252(M) 16.777 1.447 Gas & ElectrKity Credltors: amounts due falling wlthln onè year 2020 2019 Other creditors 2.140 2.140 Re¢on¢illation of rno¥ements in funds Atl September 2020 Income Expenditure At31 Au8U$t 2021 Unrestricted funds General Funds 4.898 50.321 46.3 8,919 Taxstatus As a charitable company. Ven*atakrushna Vrundavana UK Ltd is exempt from tax on income and gains falling within Section 478 of the Taxes Act 2010 or Section 256 of the Taxalion of Chargeable Gains Art 1992 lu the extent that these are applied to its charitable obietts. No tax charges have arisen within the charitable company. Trustee5' rernuneration No Trustee received ary remuneration for their ser¥ices or expenses during the current or prior year. i staff has been employed this year. Rel*•d party trdnsactions 10 VENKATAKRUSHf4A VRUNDAVAIIA IIK LIMrrED NOTES TO ThE FINANCIAL STATEME14TS FOR THE YEAR ENDED 31 AUGiisf 2021 No trustee or any other person related to the charity had any personal interest in any tontratt or transact￿)n entered into by the charity during the ydar1202r> NIL). Posl balance sheet events No signtficant events to report.