| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Cash Flow Statement | 8 |
| Notes to the Cash Flow Statement | 9 |
| Notes to the Financial Statements | 10 to 15 |
| Abhaya Rupa | Chairperson | 29/10/2021 |
|---|---|---|
| Rajesh David | Vice Chair | 29/10/2021 |
| Norman Martell / Nataraj | Treasurer | 29/10/2021 |
| Nicholas Edge / Swami SatyaDaya | Director | 07/11/2021 |
| Chris Evans / Swami | Assistant Director | 29/10/2021 |
| Krishnapremananda | ||
| Jane Wood / Gambhira | 29/10/2021 | |
| Lisa Daymond King | 29/10/2021 | |
| Russell Smithers / Yoga Bija | 29/10/2021 | |
| Independent Examiner | ||
| Clay Shaw Butler | ||
| Chartered Accountants | ||
| 24 Lammas Street | ||
| Carmarthen | ||
| Carmarthenshire | ||
| SA31 3AL |
| Unrestricted | ||
|---|---|---|
| funds | ||
| Notes | £ | |
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 2 | 703,471 |
| Charitable activities | 4 | |
| Course fees | 197,658 | |
| Accomodation | 8,595 | |
| Sale of Literature | 8,416 | |
| Ashram Sangha | 26,285 | |
| Investment income | 3 | 864 |
| Total | 945,289 | |
| EXPENDITURE ON | ||
| Charitable activities | 5 | |
| Course fees | 233,463 | |
| Accomodation | 9,422 | |
| Sale of Literature | 7,839 | |
| Ashram Sangha | 10,767 | |
| Total | 261,491 | |
| NET INCOME | 683,798 | |
| TOTAL FUNDS CARRIED FORWARD | 683,798 |
| Unrestricted | ||
|---|---|---|
| funds | ||
| Notes | £ | |
| FIXED ASSETS | ||
| Tangible assets | 9 | 517,313 |
| CURRENT ASSETS | ||
| Stocks | 10 | 4,477 |
| Debtors | 11 | 13,525 |
| Cash at bank and in hand | 154,730 | |
| 172,732 | ||
| CREDITORS | ||
| Amounts falling due within one year | 12 | (6,247) |
| NET CURRENT ASSETS | 166,485 | |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 683,798 | |
| NET ASSETS | 683,798 | |
| FUNDS | 13 | |
| Unrestricted funds | 683,798 | |
| TOTAL FUNDS | 683,798 |
| Notes | £ | |
|---|---|---|
| Cash flows from operating activities | ||
| Cash generated from operations | 1 | 692,333 |
| Net cash provided by operating activities | 692,333 | |
| Cash flows from investing activities | ||
| Purchase of tangible fixed assets | (567,370) | |
| Sale of tangible fixed assets | 28,903 | |
| Interest received | 864 | |
| Net cash (used in)/provided by investing activities | (537,603) | |
| Change in cash and cash equivalents in | ||
| the reporting period | 154,730 | |
| Cash and cash equivalents at the | ||
| beginning of the reporting period | ||
| Cash and cash equivalents at the end of | ||
| the reporting period | 154,730 |
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
|---|---|---|
| £ | ||
| Net income for the reporting period (as per the Statement of Financial | ||
| Activities) | 683,798 | |
| Adjustments for: | ||
| Depreciation charges | 19,029 | |
| Loss on disposal of fixed assets | 2,125 | |
| Interest received | (864) | |
| Increase in stocks | (4,477) | |
| Increase in debtors | (13,525) | |
| Increase in creditors | 6,247 | |
| Net cash provided by operations | 692,333 |
| At 19.7.21 | Cash flow | At 31.12.22 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 154,730 | 154,730 | |
| - | 154,730 | 154,730 | |
| Total | - | 154,730 | 154,730 |
| DONATIONS AND LEGACIES | |
|---|---|
| £ | |
| Donations | 700,099 |
| Gift aid | 3,372 |
| 703,471 |
| INVESTMENT INCOME | ||
|---|---|---|
| £ | ||
| Deposit account interest | 864 | |
| INCOME FROM CHARITABLE ACTIVITIES | ||
| Activity | £ | |
| Course fees | Course fees | 186,617 |
| YTTC course fees | Course fees | 11,041 |
| Accommodation | Accomodation | 8,595 |
| Sale of literature | Sale of Literature | 8,416 |
| Ashram Sangha | Ashram Sangha | 26,285 |
| 240,954 |
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Support | |||
| Direct | costs (see | ||
| Costs | note 6) | Totals | |
| £ | £ | £ | |
| Course fees | 158,331 | 75,132 | 233,463 |
| Accomodation | 6,019 | 3,403 | 9,422 |
| Sale of Literature | 6,633 | 1,206 | 7,839 |
| Ashram Sangha | 5,418 | 5,349 | 10,767 |
| 176,401 | 85,090 | 261,491 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Management | Finance | costs | Totals | |
| £ | £ | £ | £ | |
| Course fees | 64,681 | 7,831 | 2,620 | 75,132 |
| Accomodation | 2,944 | 331 | 128 | 3,403 |
| Sale of Literature | 1,076 | 34 | 96 | 1,206 |
| Ashram Sangha | 4,874 | 124 | 351 | 5,349 |
| 73,575 | 8,320 | 3,195 | 85,090 |
| 2022 | |
|---|---|
| £ | |
| Swami SatyaDaya | 8,345 |
| Swami Krishnapremananda | 7,485 |
| 16,190 |
| 2022 | |
|---|---|
| £ | |
| Management fees | 16,190 |
| Resident allowance | 21,904 |
| 38,094 |
| TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|
| Improvements | ||||
| Long | to | |||
| leasehold | property | Equipment | ||
| £ | £ | £ | ||
| COST | ||||
| Additions | 301,276 | 228,009 | 12,326 | |
| Disposals | - | (28,903) | (1,842) | |
| At 31 December 2022 | 301,276 | 199,106 | 10,484 | |
| DEPRECIATION | ||||
| At 19 July 2021 | - | - | - | |
| Charge for year | 5,095 | 4,538 | 2,077 | |
| At 31 December 2022 | 5,095 | 4,538 | 2,077 | |
| NET BOOK VALUE | ||||
| At 31 December 2022 | 296,181 | 194,568 | 8,407 | |
| Fixtures | ||||
| and | Motor | Computer | ||
| fittings | vehicles | equipment | Totals | |
| £ | £ | £ | £ | |
| COST | ||||
| Additions | 17,162 | 6,769 | 1,828 | 567,370 |
| Disposals | (283) | - | - | (31,028) |
| At 31 December 2022 | 16,879 | 6,769 | 1,828 | 536,342 |
| DEPRECIATION | ||||
| At 19 July 2021 | - | 3,645 | - | 3,645 |
| Charge for year | 2,549 | - | 1,125 | 15,384 |
| At 31 December 2022 | 2,549 | 3,645 | 1,125 | 19,029 |
| NET BOOK VALUE | ||||
| At 31 December 2022 | 14,330 | 3,124 | 703 | 517,313 |
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|---|
| £ | ||
| Other debtors | 9,908 | |
| Prepayments | 3,617 | |
| 13,525 | ||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
| £ | ||
| Social security and other taxes | 185 | |
| Other creditors | 2,292 | |
| Accrued expenses | 3,770 | |
| 6,247 |
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | Transfers | ||
| movement | between | At | |
| in funds | funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 683,798 | (60,710) | 623,088 |
| Renovation fund | 60,710 | 60,710 | |
| 683,798 | - | 683,798 | |
| TOTAL FUNDS | 683,798 | - | 683,798 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 945,289 | (261,491) | 683,798 |
| TOTAL FUNDS | 945,289 | (261,491) | 683,798 |