SHREE JAGANNATHA SOCIETY UK Charity number- 1191544 **FINANCIAL STATEMENTS FOR THE** PERIOD ENDED FROM 30 JUNE 2020 TO 30 SEPTEMBER 2021 M N Accountancy & Co Chartered Certified Accountants Durning Hall,Earlham Grove London E7 9AB ## SHREE JAGANNATHA SOCIETY UK PERIOD ENDED FROM 30 JUNE 2020 TO 30 SEPTEMBER 2021 |Contents:|| |---|---| ||Page no| |Report of the trustees|1 to 2| |Report of the Independent Examiner|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the financial statements|6 to 7| ## **SHREE JAGANNATHA SOCIETY UK PERIOD ENDED FROM 30 JUNE 2020 TO 30 SEPTEMBER 2021** ## Charity Information |Trustees|Dr. Sahadev Swain|Chairman| |---|---|---| ||Dr. Prkash Kumar Dey|Secretary| ||Bhakta Batshal Panda|Treasurer| ||Rasmi Kanta Nanda|Trustee| ||Susanta Kumar Patnaik|Trustee| ||Sukanta Kumar Sahu|Trustee| ||Dr Chetan Chinmaya Shatapathy|Trustee| ||Dr Malaya Kumar Nayak|Trustee| ||Bijoy Kumar Sahoo|Trustee| ||Dr Aditya Pratap Singh|Trustee| ||Subhasree Harish Thottungal|Trustee| ||Sharad Jha|Trustee| Charity number 1191544 Company House Registration No CE024135 Principal Office 15 Parry Green North Slough SL3 8NW Independent Examiner M N Accountancy & Co _Chartered Certified Accountants_ Durning Hall Earlham Grove London E7 9AB Bank Metro Bank One Southampton Row London WC1B 5HA ## **SHREE JAGANNATHA SOCIETY UK** ## Trustees' Report PERIOD ENDED FROM 30 JUNE 2020 TO 30 SEPTEMBER 2021 The Trustees present their report and the financial statements for the period ended 30 September 2021 ## **Governing Instrument:** Shree Jagannatha Society UK has been established to promote the practices of the culture of Lord Jagannath and its philosophies amongst the followers of the Hindu religion and wider communities in the United Kingdom by the building, maintaining and operating a place of worship for Lord Jagannath through the provision of regular prayer, as well as sociocultural, religious and multi-faith events. For the promotion of religious harmony and the benefit of the public, the society has enhanced its activities by educating the public in different religious beliefs including an awareness of their distinctive features and their common ground.to promote good relations between persons of different faiths, promoting knowledge, mutual understanding and respect of the beliefs and practices of different religious faiths. The charity is organised with a committee (Board of Trustees) elected by the members to oversee the overall activities and one of the committee member is nominated as chairperson, to monitor the day to day running of the charity. ## **Trustees and/or principal officers:** The following officers of the charity have held office for the whole of the year. |Dr. Sahadev Swain|Chairman| |---|---| |Dr. Prkash Kumar Dey|Secretary| |Bhakta Batshal Panda|Treasurer| The trustees are eligible, in committee, to appoint additional trustees under the terms of the constitution. ## **Activities and Achievements:** During the year the charity continued to collect donations from the members of public as well as its members. There are continuous commitment from the users and members to support the charity's activities. The charity also provide social welfare, educational and worship facilities and the number of users are increasing every year. ## **Review of Transactions and Financial Position:** With the committmentas indicated above, the financial position of the charity is very secure with net fund of £58,980 as at 30 September 2021. Page-1 ## **SHREE JAGANNATHA SOCIETY UK** PERIOD ENDED FROM 30 JUNE 2020 TO 30 SEPTEMBER 2021 ## Statement of Trustees' Responsibilities. Under the Charities Act 2011 , the trustees are required to prepare a statements of accounts for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming recourses in the year. In preparing the statement, the trustees are required to: - select suitable accounting policies and apply them consistently, - make judgements and estimates that are reasonable and prudent, - state whether applicable accounting standards and statements - recommended practice have been followed, subject to any material departures disclosed and explained in the statements of accounts. - prepare the financial statements on the going concern basis unless - it is inappropriate to presume that the charity will continue its operations. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity at that time and to enable the trustees to ensure that any statement of account prepared by them complies with the regulations under the Charities Act 2011. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities Approved by the Trustees on 24 January 2022. Signed .....................................................on their behalf Dr. Prkash Kumar Dey Secretary Page-2 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF** ## **SHREE JAGANNATHA SOCIETY UK** FOR THE PERIOD ENDED 30 SEPTEMBER 2021 We have examined the accounts and statements on pages 4 to 7, which have been prepared on the basis of accounting policies set out on page 6. ## **Respective responsibilities of directors** The charity's trustees also the directors of the company are responsible for the preparation of the accounts.The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** Our 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 the 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 examiner’s statement** In connection with our examination, no material matters have come to our attention which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the accounting records we have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Md Nur Hossain FCCA M N Accountancy & Co Chartered Certified Accountants Durning Hall Earlham Grove, London , E7 9AB 24 January 2022 Page-3 ## **SHREE JAGANNATHA SOCIETY UK** ## **STATEMENTS OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED FROM 30 JUNE 2020 TO 30 SEPTEMBER 2021 (All income and expenses are unrestricted)** |Notes
**INCOMING RESOURCES**
Donations and legacies
3
**RESOURCES EXPENDED**
Idols and worship materials
Zoom online meeting
Covid -19 help ( India Appeal )
Charitable events
Training
Bank charges
Website design and publications
Legal & professional fees
Accountancy fees
**NET INCOME /DEFICIT FOR THE YEAR**
**Funds as at 30 June 2020**
**Funds as at 30 September 2021**|£
70,588
2021| |---|---| ||70,588| ||1,083
192
7,026
1,141
60
2
484
900
720| ||11,608| ||58,980
-| ||**58,980**| The notes on page 6 to 7 form part of these accounts. Page - 4 ## SHREE JAGANNATHA SOCIETY UK ## BALANCE SHEET AS AT 30 SEPTEMBER 2021 |Notes
**Fixed Assets:**
Fixture & fittings
Leasehold Building Development
**Current Assets:**
Debtors & prepayments
Cash at Bank and in hand
**Creditors:**
Amount falling due within one year
4
**Net Current Asstes**
**Net Assets**
**Funds**
Unrestricted funds
Restricted Funds
**Total Funds**|£
-
-
2021| |---|---| ||-
-
61,207| ||61,207
2,227| ||58,980| ||| ||**58,980**| ||58,980
-| ||**58,980**| Approved by the Board of Trustees on 24 January 2022 and signed on it's behalf by |Dr. Sahadev Swain|Bhakta Batshal Panda| |---|---| |Chairman|Treasurer| The notes on page 6 to 7 form part of these accounts. Page - 5 ## **SHREE JAGANNATHA SOCIETY UK** **Notes to the financial statements for the period ended 30 September 2021** ## **1.1 Basis of preparation of accounts:** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011 ## **1.2 Recognition of income :** These are included in the Statement of Financial Activities (SoFA) when: - the charity becomes entitled to the resources; - it is more likely than not that the trustees will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **1.3 Offsetting:** There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. ## **1.4 Grants and donations** Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). ## **1.5 Tax reclaims on donations and gifts** Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. ## **2.1 Liability recognition** Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## **2.2 Governance and support costs** Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Page - 6 ## **SHREE JAGANNATHA SOCIETY UK** ## **Notes to the financial statements for the period ended 30 September 2021** |**3.Donations and legacies:**
Donations and gifts
Gift Aid
Membership subscriptions
Donated goods, facilities and services
Others
**4. Creditors:**
Independent Examiner's fee
Creditors|2021
£
72,091
-
-
-
-| |---|---| ||72,091| ||2021
£
720
1,507| ||2,227| ## **5. Trustees' Remuneration:** None of the trustees were remunerated. Page - 7