SHREE JAGANNATHA SOCIETY UK CHARITY NUMBER - 1191544
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
M N Accountancy & Co Chartered Certified Accountants 351a Green Street London E13 9AR
SHREE JAGANNATHA SOCIETY UK
YEAR ENDED 30 SEPTEMBER 2024
| 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 YEAR ENDED 30 SEPTEMBER 2024
Charity Information
| Trustees | Dr. Sahadev Swain | Chairman |
|---|---|---|
| Dr Aditya Pratap Singh | General Secretary | |
| Mr Bhakta Batshal Panda | Treasurer | |
| Mr Sukanta Kumar Sahu | Trustee | |
| Ms. Subhashree Harish Thottungal | Trustee | |
| Dr. Prkash Kumar Dey | Trustee | |
| Dr Chetan Chinmaya Shatapathy | Trustee | |
| Mr Bijoy Kumar Sahoo | Trustee | |
| Dr. Santosh Pattnayak | Trustee | |
| Ms. Amita Mishra | Trustee | |
| Mr. Anjan Mishra | 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 | ||
| 351a Green Street | ||
| London | ||
| E13 9AR | ||
| Bank | Metro Bank | |
| One Southampton Row | ||
| London | ||
| WC1B 5HA |
SHREE JAGANNATHA SOCIETY UK
Trustees' Report YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their report and the financial statements for the year ended 30 September 2024.
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 Aditya Pratap Singh General 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 £123,521 as at 30 September 2024.
Page-1
SHREE JAGANNATHA SOCIETY UK
YEAR ENDED 30 SEPTEMBER 2024
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:
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select suitable accounting policies and apply them consistently,
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make judgements and estimates that are reasonable and prudent,
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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.
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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 March 2025.
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Signed .....................................................on their behalf
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Dr Aditya Pratap Singh Secretary
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SHREE JAGANNATHA SOCIETY UK
YEAR ENDED 30 SEPTEMBER 2024
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 351a Green Street London, E13 9AR 24 March 2025
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SHREE JAGANNATHA SOCIETY UK
STATEMENTS OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2024 (All income and expenses are unrestricted)
| Notes INCOMING RESOURCES Donations and legacies 3 YEAR ENDED 30 SEPTEMBER 2024 RESOURCES EXPENDED Idols and worship materials Telephone Repair & Maintenance Insurance PPS Charitable events Charitable donation Air tickets Visa processing expenses Accomodation Coach hire expenses Website design and publications Venue hire Legal & professional fees Accountancy fees Sundries NET INCOME /DEFICIT FOR THE YEAR Funds as at 30 September 2024 |
2024 £ 36,840 36,840 2,185 - 90 269 - 2,634 1,926 - - - - 1,335 2,015 1,500 1,080 - 13,034 23,806 99,715 123,521 |
2023 £ 71,454 |
|---|---|---|
| 71,454 | ||
| 7,570 - 5,202 227 147 16,772 1,138 3,794 1,001 871 3,540 1,035 5,638 2,552 1,080 - |
||
| 50,567 | ||
| 20,887 78,828 |
||
| 99,715 |
The notes on page 6 to 7 form part of these accounts.
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SHREE JAGANNATHA SOCIETY UK
BALANCE SHEET AS AT 30 SEPTEMBER 2024
| 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 |
2024 £ - - - 43 125,363 125,406 1,885 123,521 123,521 123,521 - 123,521 |
2023 £ - - |
|---|---|---|
| - 464 100,685 |
||
| 101,149 1,434 |
||
| 99,715 | ||
| 99,715 | ||
| 99,715 - |
||
| 99,715 |
Approved by the Board of Trustees on 23 March 2025 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 2024
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:
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the charity becomes entitled to the resources;
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it is more likely than not that the trustees will receive the resources; and
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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.
The notes on page 6 to 7 form part of these accounts.
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SHREE JAGANNATHA SOCIETY UK
Notes to the financial statements for the period ended 30 September 2024
| 3.Donations and legacies: Donations and gifts Gift Aid Membership subscriptions Donated goods, facilities and services Others 4. Creditors: Independent Examiner's fee Other creditors |
2024 £ 36,840 - - - - 36,840 2024 £ 1,320 565 1,885 |
2023 £ 71,454 - - - - |
|---|---|---|
| 71,454 | ||
| 2023 £ 1,220 214 |
||
| 1,434 |
5. Trustees' Remuneration:
None of the trustees were remunerated.
The notes on page 6 to 7 form part of these accounts.
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