REGISTERED NUMBÉR: 09732043 REGisfERED CHARITY NUMBER: 1182268 VENKATAKRUSHNA VRUNDAVANA UK LTD (A company Ilmlted by 8uaranteel REPORT AND UNAUDITED FINANaAL STATEMENTS YEAR ÉNDED 31 AUGiJsf 2022 JIHill 'ABF28911V 20110rd022 COMPAWES HCLJSE
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VENKATAKRUSHIU VRUNDAVANA iIK LTD FINA14CIAL STATEMENTS AND TRusfEES' REPORT FOR THE YEAR ENDED 31 AUGiIST 2022 CONTENT5 PAGE CONSTITUTIONAL AND AOMINisfRATIVE DETAILS TRUSTEES. REPORT INDEPENDENT EXAMINERS REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIALSTATEMENTS &9
VENKATAKRUSHNA VRUNDAVANA iIK LTD CONSTrrunoNAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2022 Charity Name VENKATAKRUSHNA VRUNDAVANA UK LTD Charity Registration Number 1182268 Company Re8i5tration Number 09732043 Registered address 36 Station Grove, Wembley HAO 4AL Banker5 stste Bank of India 15 Kings Street London EC2V 8EA Independent Examiner Vaishnavi R No 7 Winkworth Place Bartrstead SM7 2AA Board ol Trustees The Trustees. who are a150 directors of the company. sep4ing during the year were as follows.- Sri Sri Sugunendra Theertha Swamiji Mr Ke5hav Thukaram Mr Yogeendra Bhat Uli My Prasanna Maniyoor Govinda Mr Rathisha Mr Sudhir Laxman Shetty
VENKATAKRUSHNA VRUNDAVANA UK LTD TRusfEES' REPORT FOR THE YEAR ENDED 31 AUGLisf 2022 The Trustees. who are also direetofs.of Venkatakrushna Vrundavana UK Ltd for the purposes of the Companies Act. present their annual report together with financial statement5 for the yearended 31 August 2021. Strurture, GOvernae and Management The charity was incorF)orated on 29, February 2019 a5 a company limited by guarantee (number 097320431, and as such has no share capital. The company's actsvities are governed by trs Memorandtlm and Articles of A550ciation dated 2 February 2019. Objective of the Charlty and Principal activltles The objeet of the charity is the advancement of the Hindu faith for the benefit of the public in particular but without prejudice to the generality of the foregoing by= Establishin& maintainin& and supporting a place of public worship for lollowers of the Hindu faith and in particular the Dvaita philosophy Advancing and teaching the relIguS ter*ts. doctrines. obsep4ations. and culture associated with the Hindu faith, in particular the l)4aita philosophy The principal activity of the chariry 15 to the offer the general public the oprtunity to learn about the tfvaita philosophy. Through the teachings of the Sanskrit texts and prayers, the charity provides the opportunity to learn about the history. ethical and moral framework. This will be deliVed by educating and providing them Snformation and showinB practices of Dvaita faith. Risk Review The Trustees have established systems to identify. monitor. and rewew the major operational and bu5ine5S risks which the charity faces and have ellablished systems to ensure they appropriate mitigate them. The Trustees monitor internal financial contro, procedures. ar risk mana8ement covir>19 At this point in time it is not Possible to fvlly consider the impacts arising from COVIt>19. however the trustees have considered the possible risks and have put in place measures to maintain income and reduce future expenditure if requid. The position will be kept under constsnt review and the trustees will as required take necessary steps to en5 the fvnd continues as a goiry concern. AcnviTIES DURING ZOZI-20ZZ As the effects of the pandemic slowly wear out. and restrictions have been lifted we have been able to move back to in-person event5. The benefits of reathing a wider audience through virtual events is immense and we are happy to note that online events suth as GFta chantin& webinars on various topics of theological Inte$t are continuin8 to be carried Olrtvirtually. We would also like to place on record the Valuable time and seNice offered by the many volunteers wrthout whom none of these attivtttes could have been carried out successfully.
VENKATAKRUSHNA VRUNDAVAIi4 UK LTD TRUSTEES. REPORT FOR THE YEAR Ef40ED 31 AUGusf 2022 FUTURE PLANS In keeping wth the core mission of the Charity, the futu plans of the mutt include online Veda chanting and Bhagavad Gita classes. These have 31ready commenced in and the has been great support for this initiative. Various regular homas and pooias will be conducted at the Mutt. We would like to establish a transactional webslte and create a monthly newsletter for the Mutt so devotees can keep up with reEular updates on the activities of the Mutt. We are enlisting the support of variousvolunteers to assist with these initiatives. We plan to establish satellite branches in Leed5 and Manchester a5 there is a strong followingforthe Hindu faith in those aas. We also hope to move to larger. more permanent premises to service the needs of the community which is growing. The plan is to conduct regular classes on Yoga, meditation. Bhagavad Gita lectures and SatsanBhs to ensure the continuty of the spread of the knowledge of the Hindu Dvaita philosophy. Finantlal Re¥lew The charity received income of £146.286 in the year to 31 August 202212021.. 50,3211. The overall surplus forthe year was £104,34412021= £4,020). Reserves Policy Currently there is no reseThes policy in place. The Trustees will vIeW this in the comtng financial year and hope to develop a reserves polKy that will ensure the financial stability of the charity for the future. The charity has built up a modest reserve of £113.263. niusrEES' RESP¢Y4SI8IUTIES The Trustees are responsible for preparing the Trustees. Report and the financial statements in aCcOrdae with applicable law and united Kingdom Accounting Standards (United Kingdom Generally Accepting Accountin8 Practice) including FRS 102. Company law requires the Trustee5 to prepare financial staiements for eath finala1 year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitsble company for that year. In preparing those financial statements. the Trustees are required to-. select suitable accounting policies and then apply them consistentlv.. makè judgements and ertimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements- and. prepare the fbnancial statemenis on the going concern basis unless it Is inappropriate io presume that the charitable company will continue in operation. The Trustees are responsible for keeping proper aCCOUDtir* records that disc105e with reasonable accuracy at any time the financial position of the charitable company and enable ihem to ensu that the financial Statements comply with the Companies Act 2&)6. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion of fraud arsd other irre8ularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the chariiable company's web51te. Legislation in the Untte¢J Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
VENKATAKRUSHP4A VRUNDAVANA UK LTD TRUSTEES. REPORT FOR THe YEAR ENDED 31 AUGusf 2022 Independent examiner Vaishna¥i R was appointed as the independent examiner durin8 ihe year and she will be proposed for re- appointment in accordance with section 485 of the Companies Att 2W6. This report has been ppared in accordance with the special pro¥isw)ns for small companies under section 477 of the Companies t 2006. Approved by the board and slgned on its behalf ty: Mr Keshav Thukaram Date: 18 October 2022
VENKATAKRUSHNA VRUNDAVANA UK LIMITED INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF VENKATAKRUSHNA VRUNDAVANA UK LIMITED I report on the financizl 5tattments of Venkatakfushna Vdavana UK Limited for the year ent1ed 31 August 2022. which a set out on page5 6 to 11. Re5pecti¥e responsiljilities of tru•*5 and examintr The trustees Iwho are a150 the direttors of the company for the purposes of (ornpany I•ATI are responsible for the preparation of the fir)ancial statements in accordartce with the requirements of the Companies Att 20C6 I'the 2006 Act'l. Hawng sat15fied myself thai the financial staiemenrs of the chafily are not required to be audited under Part 16 of the 2005 Act and are eligible for independeni examination. l ptsrt in respett of my examination of the chariV5 financial statements as carried out under seetion 145 of the Charities Act 2011 (the 2011 Attl. In carrying out my examirtatron I have followed the Directions 6i¥en by Ihe Charity Commission under5ection 145lbl of the 2011 Act. This report, including my staternent. has be prepared for and only for the charitys trustees a5 a bo(ty. Mywork has been undertaken so thai I might state to the chariVs tru5tee5 those matters i am required to stale to them in an independent exarninerfs report and for no other purpose. To Ihe fullest extent petrnitted by law. I do n¢X accepi or assume re5pon5ibility to anyone other than the (harity and the charivs irusiees as a body for my examinaiion work. for this report. or for the statement5 1 have made. BaS ot independent examlnerf5 report My examination was carried out in accordance wilh the eeneral Directions given by ihe Charity Cornmis5ion. An examination indvdes a rewew of the accounting records kepr bythe charity and a comparison of the finantial statements presented with those cOrdS. It also includes consideration of any unusual items or disclosures in the financial statements and seekirng èxplanations Irom you as trustees con<emine any such matters. The procedure5 undertaken do not provide all the ev"w1enee Ihat would be required ir) an èudrf. and consequently no opsnion 1$ 8iven as to whether the financial statements present a 'true and fair view. and the report is limited to those matters sei out in the stat•neni below. Independent examinees statement In connection with my txarnination. which is CLMmplete. no matws have come to my attention which ENe me reasonable cause to believe that in any material respeci= accouE)tin8 record5 were not kept in respect of Venkatakrushna Viundavana UK Limited in accordante wirh section 386 of the 21JJ6 Att: Ot the financial 5taternents do not atcord with th05e record5. or the fjnancial statements do not comply wtth Ihe ac£ountin8 requirements of settion 396 of the 2006 Act oiher than any requirement that the financial statements give a'true and fairf view which is not a matter considered as part of an independent examination,. or the finanoal statements have not been prepared in aecoidance vrrith the rnethods and principals of the Staiemeni of Recommended Prartice for accounting and reporting by charities applKable to charitie5 preparing their actounts in atcordance wrth the Financial ReIre Standard applicable in the UK and Republicof Ireland IFRS 1021. In carryinB Out my examination I ha¥e reviewed the irnpact of COWD19 on the financial statements. I draw your attention to the tru5tee5' view on rhe impact of COVID-19 a5 dClOsed on page 2. the consKleraE¢on ¥Nen in the 8oin8 concern basis of preparatlOA on pa8e 9 and nL-adi5ting P05t balan Sheet events on pa8e 13. I have no concerns and have tome a(ross no other mattels in connection with theexamination to which. in my opinion, ion sb Id be drawn in order to eftab a proper undtrstsnding of Ihe financial statements to be reathed. Vaishnavl Raghawendar No 7 W•nk worth Place. SM7 2AA Oate.. 18 O¢totsor 2022
VENKATAKRUSHNA VRUNDAVANA UK LIMtrED STATEMElff OF FINANCIAL ACTIVITIES {Incorporatlllg the Income and Expenditure A¢ant) FOR THE YEAR ENDED 31 AUGusf 2022 2022 Total 2021 Total Income Donation5 146.286 50.321 Total income 146.286 50,321 EXpendire Charitable actbvities 41J42 46.31x1 Totsl expenditure 41J4Z 46,300 Net incorne for the year 4.020 R¢¢on¢rl•ation of lunds Funds brou8ht forward at I September 2021 Funds carrled forward at 31 August 2022 &919 4,899 113.263 8,919 All of the above results are defived from continuing activities and all amounts relate to unfestricted funds in both the current and prior year. There are no other reco8nised gains or losses forthe year other than as inc5uded above.
VENKATAKRUSHNA VRUNDAVANA UK UMITED COMPANY NUMBER 09732043 BALANCE SHEET AS AT 31 AVGusf 2022 Notes 2022 2021 Current assets Cash at bank and in hand 113263 113263 8.919 8.919 Creditor5: Amounts falling due within one year Net ¢urrent assetsllliabillties) Net assets 113.Z63 8.919 Funds: Unrestricted income fvnds 113,263 8,919 Tthal funds 113,263 8,919 For the year ended 31 August 2021. the company was entitled to exemption from audit under section 477 of the Companies Act 26 relating to small companies. The members have not required the company to obtain an audit in accordance with sectbon 476 of the Companies Act 21XJ6. The direttors acknowledge their responsibility for complying with the requ1mentS of the Act with respect to accountin8 records and the preparation of accounts. These atcounts have been prepared in accordance with the provisions of companÈe$ Subject to the small companie¥ regime. The financial statements on page$ 6 to 11 were approved by the Twsiees and authorised for ssue on 18 October 2022 and signed on their behalf by= Mr KeshavThukaram Trustee
VENKATAKRUSHNA VRUNDAVANA UK UMfTED NOTES TO THE F114ANCIAL sfATEMEiif5 FOR THE YEAR ENDED 31 AUGusf 2022 ACCOUNTING POUCIES The financial statements have been prepared in accordance with applitable Accounting Standard5 in the United Kingdom. A summary of the MO important policies is set out below. 8è5is olaccounting The finanrial statements have been prepared under the historical cost convention and in accordance with the provisionsof the CompaniesArt 2C(J6 and in compliance with the Statement of Recommended Practice.. Accounting and Reporting by Charities SORP 2015 IFRS 1021 and applicable UK Accounting Standards. A caslFflow statement has not been PrePad because the charity is a small charity and is thefOre exempt from the requirement to ppare a cash-flow statement. The company was incorporated on 13 August 2017 and was converted io a charitable company on 29 February 2019. The trustees confirni 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, Udupi. Both sources of income and types of eypenditure have been reviewed. Whilst one of the main charitable purpose5 of the Fund rs to 5UPPOrt the maintenance of place of public worship for followers of the Hindu faith. the level of this necessary expenditure is at the discli0n of the trusiees and can be adjuSEed during the year. The trustees have also considered the CharItS working capital and capital expenditure requirements. As a result of the foregoing the trustees are satisfied that it is appropriate to Prepa the accovnts on a goin8 conrn ba51S. bl Income All income is included in the Statement of Financial ActNities when the charitable company is entitled tD the income and the amount can be quantiftred with reasonable accuracy. The following specific policies are applied to partKular categories of income= Voluntary income by way of donations ènd gifts are included in full in the Statement of Financial Activit$ when receNable. Empenditure Expènditure is included in the Statement of Financial Activities on a cash basis, indusive of any VAT which cannot be recovered. Charitable expenditure comprtses ih05e costs incurred by the charitsble company in the delivery of its activities for its beneficiar*s and compfiSes both the direct costs and support costs relating to those activities. Govemance costs include those costs associated with meeting the constitutional and statutory requiremenis of the charitable company and include independent examinerfs and audit fees and cost5 linke(I to the strategic management of the charitable company. AII costs are allocated between the eXFendItu categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular actTrvity comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
VENKATAKRUSHNA VRUNDAVANA UK UMttED NOTES TO THE FINAt4CIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 d) Unrestrlcted fvnds Unrestricted fvnds are donations and other income receivable. orEenerated forthe objects of the tharity. without further specified purpose and are available a5 general funds. Deslgnated funds Designated funds are unrestricted funds earmarked by the Trustees tor particular purposes. Restricted funds Where income is received for purposes speCifd by the donor or by the tenns of the appeal under whrch it was raised. that income is shown as restricted in the Statement of Finaficial Activitie5. Expenditure for the specified purposes are shown as restritted expendIre. Any unexpended balance is carried forward as restricted income funds. Deferred income Deferred income comprises amounts granted in advance on project5 where it 15 clear from the terrns under which the funds are ceiVed that they cannot be used until future years orthere a pre-conditions to entitlement which have not yet been met. h) Taxati¢>rt As a charitable company. Venkatakrushna 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 Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen within the charitable company. Voluntary Income 2022 Totsl 2021 Totsl Unfestricd Restritted Donations 146.286 146.286 146,286 146.286 50.321 50,321
VENKATAKRUSfrtNA VRUNDAVAIIA UK UMrrED NOTES TO THE FINANCIAL sfATEMEfiTS FOR THE YEAR ENDED 31 AVGusf 2022 Expenditure 2022 Totsl 2021 Total Rent Gas & Elertricity 2521x1 1,6SO 25200 Creditors: amounts due fallir within one year 2022 2021 Other (reditor5 Reconciliation of movements In funds Atl Septembèr 2021 Income Expenditu At31 August 2022 Unre5trirted funds General Funds 8,919 146.286 41,942 113.263 Tax status A5 a charitable company. Venkatakrushna 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 Taxation of Chaeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen within the charitable company. Trustee5' remuneTion No Trustee received any remunefation for their seNices or expenses during the current or prior year. I staff has been employed this year. Related party transartions 10
. VENKATAKRUSHNA VRUNDAVANA IIK LIMrrED t40TES TO THE FINANCIAL sfATE14Eiirs FOR THE YEAR ENDED 31 AUGusf 2022 No trustee or any other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year12021- NILI. Post balance sheet events No significant events to POrt. li