REGisfERED CHARITY NLIMBER: 206169 REPORT OFTIIE TRI'.sfEES AID AUDITED FIYANCIAL STATENIEN'TS FOR THE )'E.4R E%DED 31 DECkllBER 7022 FOR THE IL411.4KRISHA I'EDAINTA CENTRE ChristopherNisbet BA (Honsl FCA Isenior Auditor) for and on behalf of Azets.4udii SeThiees Chartered Aceounianis and Senior Audito[5 L'nii B&.D Burnhan) Yard Beacon5field BuckinJ4v iamshire HP9 ?JH
THE 114,IIAKRISH).4 I'EDANTA CENTRE CONTEITS OF THE FINANCI.4L ST.4TEIIE%TS FOR THE I'E.IR ENDED 31 DECEIIBER 2022 pge Refer*Dee aDd Admini51ratiit Det4i1s Report of the Trll$tee5 Statement of Trusiee5' Responsibilities Report of the lodependent Auditon St4ternent of Fina£11 Activitie5 Balgnce Sheet io l%ote5 to the Finantigl Statement5 I I to 19 DetAiled Statement of Finxnci¥l Atlivitie5 ?0 to 21
THE RAII..IkRISHNA I"ED.4.NT,I CE.NTRE REFF.RENCE A.ND ADIIINISTIL4TII'E DETAILS FOR THE )'E.IR ENDED 31 DECEIIBER 2022 Trustees Rev S SarVasthana1a Ichairnianl Rev S Shii'arupananda {Treasurerl Mr M Bedish Isecrerarvl Mr S Ghosh IVice-Pr¢sidtnt Mr J W'iliox Mr l.. Bha Mrs S Jayabalan MrRDas Dr Ll i'ajpei M5 J A Powei V S A Trumula MrHKShah (Resigned 24 Januar), 202? Chhrity Number 206169 Principal addres5 Blind Lane Bourne End Buckinghamshire SL8 SLF Auditor Azets Audii Serri¢c5 LniiB&D Bumharn Yard Be3consfJeld Biickinohamshire HP9 ?JH Bankers HSBC Bank PIC I Com larket High W)'conibe Buckinghat$b1rC HPI I IAY Investment advisors Inve51ec Wealth & Nlanagemeni Limi¢ed Connauuht Howe AlexandTa TeTfdce Ciuildford Surr¢). GL'I 3DA
THE RA.IIAlkRISHNA I'EDAITA C"ENTRE REPORT OF THE I"RI"STFES FOR THE I'EAR ENDED 31 DECEIIBER 2022 The trustees present Iheir r¢pM)rt ihe financial statements of the eharitv for the year ended 31 Decemb¢r •0?? Tlie Iruslee5 liave adopted the provisions of .4ceounting and Rew)rting bi. Chari11¢5-. Siaiemeni of R¢conii)ieiided PraclicL applicable to ch3Tlties preparing their accounts in accordance iviih the Financial R¢w)rtinB Staiidard applicable ii) Illr I'.k and Republic of Ireland IFRS 10?) leffeciive l Januar). ?0191. OBJECTIVES AID AcfiviTILS Obje¢¢ives And #ims Tht objectives of th¢ Centre. as sei out in ihe consiiiiiiion. are tts promote and propagaie Vedanta. the stiidj of ctsniparative religion and philosophy. and to assisi in bringing about har¥tkon)' of religions. and io promote philanthrtspic work where appropriate. The airn of the Centre ss to continue to promote Vedanta and Spiritual knoTrA'ltdge througli lectures. reir¢ais and ioforniaiion via the wtbsite. Its aim is io also to continue to pvide mon¢v for charitable a[ relief ivork. Public bentfit The Raffjakrishna Vedanta Centre is the onlv Cenlre in ihe LIK affiliated io the Ramakrishna order and for rliis reasoii aityacis visitors from all over th¢ countn.. T]ie Centr¢ provid a Tetreai for these i"isiiors a5 ell as promotin¥ Spiritual knowledge through its bookshop. lectures and its websi1¢. The Cenire's Is"ork is llOE resiri¢ied to Great Britain. Ihougli ever), N'ear the Cenire donaies funds lor charitsble and relief Ork mainlj carried out by the Ramakrislina Order overseas. In setting our objectives and planning 0r a¢tivitics, h'e have given careful considerdlion to the Cliarit). Conimissioiis, general guidance on public benefit. .4C-IIIEN'EMENT.4ND PERFORMANI C-.F ChAritable a¢tii'ities The (-enire'5 aciii'itit5 con¢inued io be circumscribed by the pandemic during the veot. hoivev¢r. Ilie monk"5 Ivere able 10 continue to promote Vedanta and SpirEtual knoivledge io a i%ider audience. throughou¢ the week. throu¥li talks and classes over th¢ internet. They also Conlined to proiid¢ individual guidanre ihroubh telephone and interner. aiid lo iiieei iodividuals in the Centre's grounds adherin8 to government international webinar5 on Vedanta and Spirituality- ouJd¢lines. Swatni Sar%'a5thananda participated in The Cenire continued to publish the 'Vedanta'. a bi-tnonthl! journal Mthich eniei¢d its 70th year. Articles froin Ihe 'V¢danta' w¢r¢ made 4vailabl¢ to a wid¢r audienc¢ online via ihc Charity websiie. FINATr4CIAL REN'IEW Fingneial rei'iew The CentT¢ generated toral income of £597.340 1?021-. £326.6091. The 121 ¢xpenditui¢ in the vear w25 £496.627 120?1.. £'28,791 l of which £149,654 120?1.. £43.1181 was 5peni on relief and funding Melfare prograrnincs. etc. Iosi of ilie fund5 for chatiiable M'oik was d15tiibured foi the 0t of Ihe R)makrishna klaih ai)d Klissioii aiid Ilie Sarda Matli. niainl). for work in India. Details of major relief and r¢habilitaiion MDrk. ITiedical aiid educalioiial iinrk etc coiiducled bv these organisatlOJ15 are giv¢n in th¢iT Annual Reports. Since the eiid of the pand¢inie. TTusies5 and members have been regularly vi5ltin8. Tlie results for the )'ear are set Out in the Siaiement of Financial Activities in thes¢ financtal 5tatenient5. nvestment polity and obj¢¢tives "Fhe Board ol K1aiiagem¢i)t lias forrnulaied Ihe most appropria tnvesimrnt rx)lic%" ad the impleineniatioTr of tlie polity lias been del¢gared io fvnd manager5 at Invtstee W'¢alih & Ini'esinieni Limited. RerK>rt issued b%. Ihe fund maiiaLTers #re rei'ielved peTiodicallv by the Board to ensure their polic). bein£ irnplenienied and to monilor il)e perforniajice of their investments and they are pleased io T¢)rt the return on investments is satisfactory.
THE RAN1AKRIsHA I'EDAliTA CE.NTRE REPORT OFTHF. TRLlStF.ES FOR THE YEAR EYDF.D 31 DEC.EIIBER 2022 FIYAiYCIAL REVIEW Re5en'¢s policy Unr¢5tricied funds ai the )'ear end amounied 10 £15 170.881 12021.. £16.47i.2521. Tliese fund5 are held for tlie purpos¢ of continuing tlie operations of ihe Cenire. Total unresiricted fvnd5 IncldeS £lJ.882.384 120?1.. £14,999.9841 designated funds to the Expanston S¢h¢me Fund and £67i.257 {?021-. £780.7i71 designated to th¢ Memorial Fund. It is (he policy of th¢ Board of Ilanagement to earry the minimum of res¢rves eqllivalcnt 10 .3 10 6 month5 of Its operaiional budget. Reserves arc considered io be the N¢t Current.4ssets staled on the balan¢e slieei r)f £6.)6.99", -?101. The panems of income ond expendilure diffeT over the cottrse of the )'ear. Exp¢ndiitsre lends In be concentrated In the first half of the )'ear ivhile incomc is Inore e%"enl%" spiead. Thus cash b21ances are buili up durin& the 5¢cond half of ihe y¢ar io aMmOdate this paiiern. Risk Mttnggement The Board of N1anagemeni has condts¢ted its review if ihe major risks which the Centre 15 exposed and systen)s have been established io miiig8ie those risks. Si8rtifican( ext¢rnal risks to th¢ funding have led to the development of a strategic plan. which will allow for diversifJ¢ation of iTrve5tm¢nts. STRUCTIIRE, GOVERN4ATr4CE AND MATriAGE.%IENT Cioverning document Tli¢ cliarii). 15 controlled by its governing document. a deed of trust and con51É111tes unincorporated rhariry. The Ramak.ri5hna I'danta C¢vtre is aTh unincorpordted regi5ler¢d charity. Its is Eoverned by 8 collsiitution adopted on I I Ih December 195 la5 ametsd¢d on g April 1962 and ?9 June 1996. Trnstee5 The trustee5 who servd durtng the year and up LO ih¢ dale of SignaTe of these firyancial SiaTen?eiits iveTe'. R¢v S Sarv051hananda Ichairmanl ReN' S Shivarupananda ITre&sur¢rl Mr M Bedi5h ISecretaT)'I Mr S Ghosh Ivice.President} Mr J Wilcox Mrv Bhatt Mrs S layabalan IResigned *5 January 20?2 Dr LT Vajp¢i Ms J .4 Power V S Anumula MrHKShah Recruitmeiit #nd appointment of tsew trusttts Th¢ meinbers of the Board of Trustees are 3P]X)Iiited fioni amojig ihe nienibers of the Cenir¢ and l)old office for diree years. At the end of thi5 period the members of th¢ Cenire el¢ci a neiv Board an the aiijillal general iiieeiiiig. Organisational structure Da). lo day Inanag¢meni ofthe chaNty 15 taken on by ihe Board of Trustees as a whole. Title of LAnd Buildings Th¢ following Trustees hold iiile to the fre¢hold land and buildings belonging kn ihe ¢harity= Rev S Sarvasthananda Rev S Shivarupananda Mr S Ghosh Dr U Vajpei
THE ILIIIAKRISHN'A I'EDANTA CENTRF. REPORT nTr-TIIL TRL"STEES FOR THE I'E.IR ENDED 31 DECEIIBER 2022 Approved by order of the l)oard of trustee5 Ot) .......... Rev S Sarvasthananda IChairn)anl- Trustee
THE RAIIAKRISH.NA I'EDANTA CENTRE STATEVIENT OF TRI'STEES, RESPOTr*SIBILITJES FOR TIIE I'EAR ENDED31 DEC.-E.IIBER 2022 The 1rn5t¢es are I¢spon5ible for preparing the Rew)rt of the Trusiets and the financial 51atenients in accordance witli applicable law and United Kingdom Accouniing Sthndards (Lniied Kin. dotn Generall)'.4cc¢pied Account?ng Pra¢ticel. The law applicable to ehariiies in England and Wales. the Chariit¢s Act ?01 l. Cliatit). (Accounts and Re[01 Re¥ulaiions 2008 and the proyisions of the injst de¢d requrres the iTusiee5 to prepare financsal 5tarenieiiis for tacli riiiancial year which give a true and fair view of the slate of affair5 of Ihe charit). and of the Incoming r¢50urces alid applieation of resources. illcluding ihe in¢ome and exp¢ndityr¢. of the charity. for that period. In PTep2ring thos¢ financial 5tatemtnis. the truste¢5 are required io select suitable accouniing policies and then applv them consistenily- observe the methods and principles Èn the Chariiv SOIiP: ake judgetn¢nis and estimates thal are reasonable and prudenL Stat¢ whether applicable accounting Standards have been followed. 5ubjeci any maierial depattures dis¢losed and explained in the financial statements: prepare the fitjancial stat¢menis on the going concem b2Si5 unless it i5 ifbappropriaie to presume thai rhe charitv will continue tn busine5S. The ¢rusiee5 are responsEbl¢ for keeping proper a¢coLLntinE r¢cord5 h1¢h di5clos¢ ivith reasonable accuraci. at ani, tinie the fii)aJi¢ial p051tion of the chariti. and io enable Ihern io ensure ihat the financial siatenients cornpl), i&ith the Charilics Act •0 I l. th¢ Charity (Accounts and Reports) Regulations ?008 and the provision5 of the Irvsi deed. The) are also responsible for safeguarding the a55eis of the charity. and hence for taking reasonablt 51eps for ilie preventioii aiid detection of fraud and other irregulari¢ie5.
REPORT OF THE INDEPENDE.N4T.4I'DITOR5 TO TflE TRITSTEES OF THE RAIllAKRtSHNA I'EDANI TA CENTRE Opinio 'e have audited the financial Stsl¢ments of The R2makrishna Vedanta Centr¢ (the 'cliarity I for the year ended i l December 20?2 which COrnPTise the Sialemenl of Financial .4cttvtlies. the Balance SheeL tlie Cash Flo Siaieineiii and nute.4 lo the financial statements. inLludiiig a summark of significant accouiiring polic1¢5. Tlie fii)aiicial rLpofiiiiLI fr2meivorl that ha5 beeii applied tlieir preparalioii rs applicabl¢ laii. aiid l.'iiired Kiiibidorn .4LCOilllliiig Siaiidai'd.4 (United Kingdom Generally Accepted .4ecouniin8 Prdciicel. In our opinion the financial statements.. give a true and fail vieiv ofthe state of (he chariws affairs as at i l December ?02? application of resources. for ih¢ year then ended: have been properli. prepared in aOrdanCe Mith L'njted kingdom Generall). Accepted Accounting Prariict", and have been prepared in accordanc¢ with the requirements of the Charities Act 2011. and of its incomin¥ resources ajid Bll5is for opinion We conducted QUT audil in ac¢ordan¢e with International Standards on Auditing IUKI IISA5 ILTKII and appli¢able law. Our responsibilities under thosc standard5 are further described in the Audiiors. respon5ibilit1¢5 foi the audii of Ilie rijmocial statements 5ectitsn of our rert. We ar¢ ind¢pend¢ni of th¢ charit%. in accordance wilh the ethical r¢quircmeiiis thai are relevant to our audit of the financial 5¢ate¥n¢nts in the LTK. including ihe fRC'5 Eihical Siaiidard. aiid w'¢ liai'e fulfilled our other eihical responsibiliiies in aceordance '1th th¢se r¢quiremtnts. We believe thai ihe alldil evideiice have obled is sufficieni and appropriaie to provide a basis for our opinion. Conclusions rÈl¥ting io goinE eoncern In auditing the financial 5tatetnents. kn'e have coneluded that ihe tru5tees' use of the £oing conceni basls of accolliiling in Ilie pr¥paration of the financial statements is appropriki¢. Based oli tlie work- Ive haN'e performed. 'e ha%'e r1 ideniified any material uiicertaiiiiie5 relating ro ei'eiits or coiidiiions Iliai. Individualls or colle¢iively. nia), east significaiii doubt (>n Ilie tliarii5-'5 abilit& io coiilinue as a !>oingT coiicerji for a period of at least twelve Jnonihs from when the financial 5121ernenrs are 8Uthorised foT Issue. Ollr respon5ibiljii¢s and the responsibilities of the tru5te¢s with respe io going eon¢ern are deserib¢d tn the rel¢vani S¢Clions of this report. Other inforrnation The irll5¢¢es ar¢ responsible for the other infomiaTion_ The other information compTa5es th¢ infomation included in Ihe Annual Repurt. oiher than the financtal 5raiem¢nts &Dd our R¢porn of the Ind¢pend¢nt Auditors ihereon. Our opinion on the financial Slatemez]ts does noi coi'er the orher infornjaiion and, except ro the e.xtent oth¢r¥vise expliciily stated In our report, w¢ do not expre$5 anv forni of assurdnce conclusion thtreon. In ¢onnection with our audit of ihe financial statements, our p0StbIlIti, is to read the other infotmaiion aiid, iii doing so. consider w'h¢theT the other inforn)aiion is tnarerially inconsistent M'ith the fjnancial stat¢mei)r5 or our kno74'1edLJe obtained Tn the audit OT oihemise appears io be materially Thissthled. If lie identify such niaterial 11)COl)SlSleiicies or apparent material missiatenients. i¥e thre required io deiermine ii'heiher this o¥ves rise 10 3 niaienal Illi%5Tarenieni iii Ihc rinancial staiements ihemselves. If. based on ih¢ ivork 14'e hai'e p¢rfoniied. Lunclude thai iherc Ts a iiiaierial n11551aienieiii of tliis oiher inforn)ation. M'e are required to reTX)n iliai facr. Mlt hai'¢ nothin¥ lo reJx)rt in Ihis regtard. Matters on which we #re required to report by exteption We have iiotlitiig to report in Tespeci of the folloii'ing mailers where the Chan"ties {A¢counts and Reports) Regulations 20(>8 requires u5 to report to l'ou if. in our opinioTh'. the tnformalion given in the Rep)rt of the Truses is in¢on5isieni in any niaietial respea wrih the fijiantial staiem¢ntS'. OT sufficient accounting reeord5 have not been kept" or the financial stai¢m¢nis are noi in agreemenr i¥i¢h the accounting records and returns," or we hav¢ not rrfeived o]1 the infornJ•tion an(1 explanations Ht require for our audit.
REPORI. OFT14E INDEPENDEIT.4I"DITOR% TO TIIE TRLISTEES OF THE JU,IIAKRISHY.4 1"EDA)TA C.'EliTR Rt$ponsibalities of tTUStees As explained tnore fully in the Stsitment of Trusiee5' Re5ponsibiliii¢% the trustees are responsibl¢ for t]ie preparation of the f2nancial statements w.hi¢h give 4 trlte and fair view. and foT sueh intemal control a5 ihc rrusiees deleririne is necessary lo enable the preparation of financial staiem¢nis thar ar¢ free from material m155(at¢n)enL wli¢tl)er due io fraud or error. In PTeparing the financial 5tatewnents. the trusiees are responsible for &sse5sing th¢ charity'5 ability io contÈnu¢ as a ooing eon¢¢rn. disc105ing. as applicable. marters related to goin8 concern and using ihe going concern basis of accountin Iinless the tnisie¢s either intend lo liqiiidaie Ihe chariiN or lo ceasc opei8tion& or hai'e no reali511i aliernalive biii rD do so. Our responsibilities for the Audit of ihe fwancil stxtem¢nts We have beet) appointed as auditors under Section 144 of the Chart11¢5 Aci 2011 and repon in accordance w'itli th¢ ilct and relevant r¢gulaiions made or having effect thereunder. Our objectives are to obthin reasonable a55urance abow wthether the fioancial stat¢inetEts as a whole ale free frorn material mi55tatement, whether due to fraud or ¢rtor. and to issue a Rekx)rt of the Indep¢iident Atsditors thai includes our opinion. Reasonable assurarce is a high leiel of assurauEe. bui is not a gtsardniee thai an audit cojiducted Iii acrordaiicc with ISAS IL'KI ivill always detect a material misstatetneni the it exists. Mi5siaiements can arise from frdud or crror and are considered n)aierial if. individually or in the aggregate. thej could reasonablv be expected to iiiflueiice tlie economic decisions of us¢r5 tsk¢n on the basis of these fin2t¢ial statements. Extent to which th¢ audit was ¢onsidered Capable of deteeiing irrcgulaTitie& Including fraud: Irregularities. including fraud. are instances of non-compliance laws and regulations. We design procedures in Iii)e with our responsibiliti¢s. oyiltned above and on the Financial Reporting Countil's websiie. to der¢¢i Jnaterial rnisstatements ith respect of irregularitie5. includin¥ frdud. We obiain and pdate our understanding of the tntjty. its activities. its Lontrol envJronm¢ni. and likel). fiiiurt developnienis. including In relation to the Itgal and r¢gulator)' framework- applicable and htsi4- rhc ¢lilili is L(?Inpl% iiig ith that frarnework. Based on this understanding. wc id¢niif! and asses5 the ¥isks of iiiaterial IMiSS12teinent of ihi finanrial stateittent5. wthether due to fraud or error. de5i&rn and perfor¥n audii procedure5 responsive io those risks. and obtain audii evidence that is sufficient and appropriate io provide a basis for our opinion. This includes consideration or the risk of aeis by the entity that were conirary applicabl¢ laws and regulations. including fraud. In re5pons¢ to ihe risk of 1c811]artiIe5 and [n-COMplIanCC with and regulation5. tncludiug fraud. we d¢sigrtcd procedures which in¢luded= Enquiry of managemenr and those charged with governance around a¢tual a[ PO¢eniial liligatioii and clainis as well a5 aetllal. suspected and alleged fraud; Revicwing minutes of meetings of those charged with governance: A5S¢5sing thc cx¢eni of compliance with tlit la3 and regulations consEdered to have a direct material effeci on the financi21 sraternenis or rhe opetations of the company ihiough ¢nquiry and inspeciion." R¢i'iewing financial 51atement disc105ures and iesting to supw)rting docujiieniarion to assess conipliaiice iviili applicable laws and r¢gulation5.' Perforii)irtg audil i¥ork over the nsk of ¥na112gemeni bias and override of ¢oniro15. iii¢liiding icslinp or .jouriial entries and other adju51men15 for appropriateness. evaluaiine the business raiionale of significani traiisacilons OUl%idc Ilie normal coiirse of busines5 and reviewing aceouniin¥ ¢siimates for indirators of Poienrtal bias. B¢¢aiise of the inherent limitaiion5 of an audii. Ihere is a risk that we will not delect all irregulariiies. including Ih05e leading to R material missiatement in the financial statements or nonrfomplianre i%iih regulation. This risk increases the Jnore that rompliance with a law or rrgulation is rem0ed from the events and iransaciions refleeied in the fiDanci21 statements. as we will less likel%. to become aw2re of instances of nonOmplIanCe_ Th¢ risk of rtol dei¢ciiJig a material mi55tat¢tneni resulting from fraud is higher than for one resulitn¥ from error. a5 fraud may involve co11ts5ion. forgery. intentional ornission5. misrepresentaiions. or the overrid¢ ofintemal contTOI. A further description of our re5ponsibiliiies for the audit of th¢ financial statements is l¢xated on the Financial Reponiiig Council's website ai www.frc.org.uklauditorsre5ponsibilities. This des¢ription fomis part of our Repon of Ihe Iiidependent Auditors.
REPORT OFTHE 1SDEPF.NDENT.4I"DII'ORS TO THE TRIISTEF.S OF THE R.411.41KRISHI.4 I'ED.4NT.4 CE.%TRE Other matters Your attention 15 dralvn io ¢he faci thai ihe charir). has prepared financial statements in &CCOTdan¢e ivith 'A¢couiiiing aiid reportii)g by Charities.. Statemertl of Rerointiiended Pracrice applicable cliarities prepaniio their accouiit5 111 accordance iiith Financial Reporting Standard applicable in Iht LK and Republic ofireland IFRSIO?)" la5 ai)i¥iidedi jii prefeTence io the Accounting and Reporting b). Chariiics." Staiemeni of R¢coii)mended Praciise issues (kn 1 .4pril whicli referred to in the extant regulalions bui noiv been %viihdr3wn. This has beerl done in order for the financial statements provide a and fair vJ¢iv accordance iyiih LUtTeni Generally Accepted Acrouniing Pra¢tice. Use of our report Thi5 report is made solely to ihe charity s trnstee as a ix)d!'. in accoidance with Part 4 of the Charities IAccounts and R¢portsl R¢eulatlOlls 2008. Our audii wY>rk has been iirdertaken so that w'e mighi Slate io the cliarity's iruslees those mati¢r5 w¢ requiied io state io them in an audrtors, Teport and for other purp05¢. To the full¢st extent penniited b) law, we do noi accept or assume responsibility to anyone other than the charity and charity's trustees as a body, for our audit work, for this repotL or for the opir)ions M'e hake fornd. Christopher Nisb¢t B.4 IHonsl FC.4 Istnior Audiiorl for and on behalf of Azeis Audti Servi¢¢5 Chartered Ac¢ounlan15 and S¢Jitor Audito Llnii B&D Buriiliam Yard Beacot)sfJeld Buckin¥hamshir¢ HP9 2JH Date.. 2710912023
THE RA.MAKRISIINA I"EDANTA CENTRE STATEIIENT OF FINAliC.-I.IL ACTII-ITIE FOR THE I'EAR ENDED JI DECEIIBER 2022 31.1? 2? Tot21 fund5 Generdl fvnd Designated fund T(Trial INCOlE AND ENDOWMEYTS FROM I)onations and l¢gacie5 Notes 133.564 153.502 ?87.066 Other trading activiiies Inv¥stm¢nl in¢otne 2.863 1..1?6 250.080 307.41 -107.41 Totil 136.4?7 460.911 597.-?40 126.609 EXPEryDITL.RE ON Raising funds Oiher trading actlvllies Investinent management COS15 7.68? 7.682 62.256 7.699 7,689 69.938 72.0?9 Charitable activities Provi510ti vf the Cejiire Relief iwork and charrty 97.035 180.000 138.65) !77.0.35 149.654 Total 15,718 i80.909 496.027 ??8.791 Nei gaitsslllosse51 on investm¢nt5 (1.305.084) (1.30i,0841 1.496.53i NET INCOME/{EXPEYDITL'.RE) 20.709 (1.2)5.0801 {1 ?04.i71 .594..153 RECONCILIATIOIN OF FIINDS Total funds brought forward 694.531 15.780.721 16,475.?52 14.880.899 TOTAL FUNDS CARRIED FORM'ARD 715.240 14.555.641 15.270.881 16,475 ?5? C.O)TINlIlNG OPERATiofiS All IRcom¢ and rxpcndiiui¢ has arisen from rontinying activiti¢s. The Stat¢metJt of Financial Activities includes all gains and losses recognised in the year. The notes form part ofthese financial siatemertts
THE RAIIAKRISHN'A I'EDAN'TA CEN'TRE BAI..4)CF. SHEET 31 DEC-EIIBER 2022 31.12.22 Total funds General fijnd Desianaied fund Total fuiids FI.XED.4SSETS Tangible assets Investments Notes 13 14 586.948 586.948 14.046.940 14.046.940 15.46_3.9i6 486.948 14.046.940 14.6.1 j.X88 16.066.94? CLRRENT,ISSETS Sto¢k5 Debtors Cash al bank and in hand 9.156 13.168 135.81 9.156 g.156 16 508.701 644.512 418.150 158.135 508.701 666,836 434.572 CREDITORS Amounts falling due within otje year 17 1?9.8431 {29,8431 1?0,20? NET CLIRRENT ASSETS 1 ?8.292 508,701 636,993 408.310 TOTAL ASSETS LESS CbRREYr LIABILITIES 715.240 14.5SS.641 15.?70,881 16,475.?52 ET ASSETS 715.?40 14.555.641 15.?70.881 16.475.) j) FIJNDS Lnrestricted funds.. General fiind Desiaterf fund 715.240 14.5.5 5.641 694.$11 15.780.721 15.170.881 16.475.ry5? TOTAL FUP4DS 15.270.881 16.475.)£1 Th¢ financial statements were #pproved by the Board of Trusiees and authori5ed for issue . and were sigr1 orh its behalf bi.: ei. S Sarvasthananda IChairmanl- TS[ee The notes fotm part of these finoncial 5taiements 10
THE RA.%IAl&RI.SHI,I I'ED,I.NTA C.'F.%TRE OTESTO THE Fl.PiA%CIALsf.4TE,ItENTS FOR THE I'E.IR ENDED 31 DEC.F.IIBF.R 2022 CHARITY INFORMATIO Th¢ Raniakrishna Vedanta Centre is an unineorp)rnted rtgisiered cbaritj. in England and 'ale5. The cliaTII} S principal address is Blind Lan¢. Bourne End. Buckiughamshire. SL8 5LF. The financial 5taiements have been PTepar¢d in sterlin& Hthich is the fvnciional curreney of the charity. Nlonetar¥' amtsunts in these fjnancial Statements are rounded ¢0 the rbear¢5t £. ACCOUNTif*C POLICIES Basis ofpreparÉng the financial s¢attrnentS The financial Statements of ihe charity.. y.hich ts a public benefit eniit%' under FRS 10? hal'e been preparcd In acLordanL¢ M'Lih th¢ Charilies SORP IFRS 10 I 'A¢cotsnlii)4. and Reporting b) Chariiie5 Sialeineiil ill- R¢comtn¢nded Practiee appli¢able lo chariiies preparing theii accounrs in accordance 1th the FinanLJal Reporting St&ndard applicable in Ihe Uk and Republic of Ireland IFRS 10?) (effective l Januar¥ Financial Reporting Standard 102 Th¢ Financial Reponing Standard applicable ihe UK and Republic of Ireland, and the Charjties Art ?01 l. Th¢ financial 5taiernents have been prepared under tlie histOTical ¢051 convention. with the exception of tnv¢stments w'hich arr Èncluded ai market value. as Jtiodified by rhe revalualio of ¢ertain 45seLs. The charity has taken advaThthge of the following disclosure exemptions in preparing these fiiiaficial siaiemeiits. as pern)Iiied by FRS 102'The Finaneityl ReJx)rting Siandard applicable in the and Republic of Ireland.: the requirements of Section 7 Staiemeni of C&sh Flows. Income All income is recognis¢d in the Stsiemeni of Financial ActiNili¢s once the charity has ¢Trii(l¢meni lo ihe fuiids. it is probable that the irtconie I11 bc received and the aniouni can b¢ measured reliobly. Cash dtsnations are recognised on rt1p1. her donations are recognised on¢e the chaiity has been noiified (>f the donaiiork. unless perfortnance condjlions require defetral ofihe amoiini_ Income lay recoverdbl¢ iii i¢larion lo donations recetved undtr Gtft Aid or de¢d5 orWetlI is reco$¢d at the iJJi)e of the dnJialic)n Le¥acies are recognis¢d on receipi or oihcr%vi5e if ihe charl. h35 been noiifjed of an Itnpending dJ5rribiition. the atnourtl ts kno. and receipt is expe¢ied. If the amount is noi known. the l¢gac>' is ireattd as a contingent asset. Expenditure Liabilities are recognised as expenditure a5 soon a5 there is a le4al or consirucrive obligarion comiiiitting tl)¢ ¢haritw to that expenditure. it is probable ihat a transfer of econoniic benefJ¢s Mtll be required in seiileiiient aiid the amouni of the obli¥alioii can be measured reliablv_ Expenditur¢ is aecouJii¢d for on an accrua15 ba%15 and has been classified under headings thai aggreDate all c051 related io the caiegory. 14.'here cost% LaiiiiL)i be dTrectly attribuicd to parti¢ulaT beading5 th¢y have been allo¢aied Èo aeiivities on a basis consisleiii i%'iili Ilie use or resources. Tangible fixed assets DepT¢ciation is providrd ai Ihe following annual rdies in order WTiie off each asset over ils esrimated useful Freehold property Fixture5 and fittings lotor N'¢hiLles Computer equiprneni 2Yo on cos1 20010 Otk reducing balance ?5Q/o oil reducin¥ balance ?0g.o on redu¢tn2 balanLe Tangjble fixed assers are initially measured at cost and subsequ¢nil)' 1$ured ai cost or ¥'aluaiion. nei of depr¢ciation and any impairmtni losses. G2Jn or1055 arisin8 On the disposal of an assei 15 deteTmin¢d as the difference ben¥ren the sale proceeds and tlie Carrying value of the ass¢L and ts re¢ognised in net ineomellexpenditurel for tlie vear.
THE knIIAIKRISIINA I'EDANT.4 CENTRE NOTES TO THE FINA.%(.'I..IL sfATE.IIENT.S- toniinued FOR THE I'FAR F.NDLD 31 DECEIIBER 2022 ACCOUIYTif*G POLICIES- continued Tangible fIxed assets Fixed asset investments 'I.XL'd asset iiive5tmettis are initially meaSUd ai transaction price e¥cluding iransaciinii costs. 3iid are sub5equenilv Ineasured at mid pric¢5 as per rertS from ini'esiec - rndependcni fund inaJiabT¢r.TraDsaciion C0S15 are expensed as incurred. IpAIrn1ent of fixed #ssels Ai each reporting date. the charity r¢view5 the ¢am'ing amouttts ofits langible a5se(s to detemiine ivh¢tlier therL is anv indication that ihose assets have suffered an tnipairments 10$5. If such indicaiion e.xists. the i¢cov¢rable amount of the asset is estimated in ord¢r to d¢terniine the extent of the impaitmeni loss lif anyl. Stocks Stocks are stated at t¢ low¢r of ¢tssr and e51imaied selling price less costs ro compleie and sell. Cosi coniprisc5 direct materials and. M'here applicabl¢. dire¢1 laknur Costs and ihose overheads Iliai hai'c been Incurred in bringin¥ the Stocks to their preseni loc31ion and condition. Its lield for disiribulion ai no 01 nominal Lciiisider%iiion are tneasuied Ilie lower of replaccmenl eosl and cosi. Net realisable value is the ¢51imated selling prire less all estimated costs of completion wid costs to be iiicurred in marketing, selling and distribution. Tgxatlon The charity is exempt from tax on its ¢harithble a¢tiviiies. Fund #ccounting Unrestricted funds ¢an be used in accordance with the charitable obj¢ciiv¢5 at the dis¢reiioii of the INsiee5. Designated funds are unre5rricted funds thich the Iru5tees have ¢hosen such fund5 to be eamiaTked for specitic putP05e. RestrJct¢d fund5 can only be used for particular resrriet¢d pwses 1th1Th the objects of the charity. Restrictions arLSe when specified by the do[[ or when funds are rdised for particular restricted purw)s¢5. Fur£h¢r e.Kplanation of the natMr¢ and purrx)s¢ of each fijnd 15 Én¢luded in the notes lo the financial siaien)enis. Financidil in51ruments Tli¢ charil) has elected to appli. the proi'isions ofs¢ction I l -B2sic Financial In51run)eiits' and SeLlion l j'ollier Financial In5trumen15 Issue5 of FRS 10? io all of its rtnancial iiistrumetkls_ Ftnancial in51rum¢nts ar¢ recognised in th¢ charity5 b3¢£ sheet Mthen the chartty, becornes partv to the ontrac¢uaJ provisions of the instrumeni. Financial assets and liabiliiies ar¢ offseL wth the net aTrunts presented in the rtnancÉal statenients. H,hen there is a legall). enforceable right io set off the reco8nis¢d amounts and there is an inieniioii io settle on a iiei basis or to realise the asset and seitle th¢ liability 5inJultsneousl)'. Basic finaneial assets Basic finai)cial a55els. which include debtors and casli and bank balances. are iniiiall), measured at ITansaciioii price including transaction costs and subsequenilv cartied ai amort15ed c051 using (lie effeciive ii)ieresi method unless rh¢ arrangeineni consiiluies a financing Iran5aciion. ivhere the the tran5aciioii is measured ai the pr¢seni value of the fuiure receipts discounted ar a rnarket rate of ini¢re51. Financial asse15 cla55ified as rec¢ivable within one year are rbot amortised. Basic finanei41 IiAbilitÉes Basic financial Iiabiliiies. ineludrng crediiors and bank loans arc iniiiall) reioginised 41 iiansacii()n prtrLe iinlL'ss the arrangement consiitiiies a finanring Iransaciion. yh¢T¢ th¢ debi iRsirum¢ni is measiired ai the present valiie ol- the futur¢ pavment ts discounied a market rate of inteTest. FJnanci&l liabililies classified as Paable M'itliiii year are not amortised. 12
TIIE R.4I1.4KRISHNA I'ED.IIT.4 CENTRE NOTES TO THE FINANI.'1.4L ST.4TEIIF.NT5- continuod FOR THE I'F..4R ENDED 31 DF.CEIIBER 202 ACCOLNTING POLICIES- contined FinAn¢ial instruments Debt instruments are subsequ¢ntl>' tarried at aTnonised cost. using the effective interest rdie method. Trade creditor5 are oblrg31ions io pay for goods or seThic¢s that have been atqUlTed yn the ordinary iuurse of operations from suppliers. Amounis p3)"able are Classified as current liabilities If pavment is due widiin one jear or less. If not. they are PT¢5ented a5 non-curreni liabilities. Trdde creditors are re¢ognJs¢d &Jiitsall)' ai transaction price and sllbseqLienily measured at amonised cosi using Ehe effective interest method. Derecogttition of finAntial liabilities Financial liabiliiies are dereLognised when the charity's eontractuaj obltgaiion5 e.%pire or are discharged or cane¢lled. C.RITICAL ACCoUTING JUDGEI%lENTS.4ND liE)" SOLRCES Ob F.STlrntATlON' I',fs'C.'ERT AIITI. In the appli¢ion of the charitv's atcounitng polici¢s, the trnstees are required ¢0 make judgements.estimates aiid assumptions about the ¢arr)'ing aniouni of assets and liabili11¢5 thai aT¢ li0( readily apparent froni other source5. The estimaies and associated a55umpiJons are based on hisiorical expertence and other factors Iliat ore considered to be relevani. Actual results mas. differ froni ihese estiniaies. The esiimates and underlying as5UrnPtions are reviewed on an OTtgoing basis. Revi51OlJS to 2ecounting esliniates are recognised in Ihe period in iyhich the ¢5timaLe is revised uljert the rewision affects only thai period. or iii Ilie period of the revision and fumre periods where th¢ revision affects both rurreni and tre periods. DONATIONS AND LEGACIES 31.12.22 G¢nerdl fund il.1.22 I'oial fllnds Designated fund Shrine box. ¢tslltaion & freewill donation5 Giftaid Lega¢ie5 enibers subscription 56.iO? 6.40? 50.000 560 16.600 116.901 14J.903 50.000 560 7.000 661 15.-7,501 287.065 OTHER TRADING A(TIVITIES 11.12.22 Unrestricted fuiids Totsl fuiids Sale of books. CDS and magazines l.i26 13
HE IUhlAKRISHNA I'EDANTA CENTRE YOTES TO THE FI.%A.%C.'1.4L sr,ITE,IIE,%TS- tolltinued FOR THE I'EAR ENDED 31 DECEIIBER 2022 INVESTME)T If*colE 31_12.22 Generdl tund -31.12.22 31.1? 22 Total fur>ds Des18nat¢d fund Total fujids In¢ome from lilled inve51ments Inter¢51 receivable -107.295 -107.295 750.075 -107.411 -707.411 ?50.080 OTIIER TRAD1Tr4G Acfii'iTIES Unres¢ricted funds Total fuiid5 Opening sto¢k Purchases Closing Stock 9.156 7.682 9,1561 7.699 7.682 7.699 Purchases. rn¢luded in the above, are as folloivs". )1.12.?) GeJi¢ral fund Toial Tradin e05ts'. Purchases PriniiThg Vedanta 1.577 6.105 6.966 7.682 7.699 Purchases represents pur¢hase of books which are sold at the Centre. Priniing Vedanta are costs involved with the provision of the magaztne. INvEsTlEyT MA,YAGEMENT COSTS -11.1?.22 LTnrestricted fijjids 'fotal fuiids Portfolio management 62.? j6 14
THE RAIIAIKRISII)A I'ED.4.NTA CENTRE NOTES TO THE FIIANCIAL STATEIIETr*TS- coDtintsed FOR THE I'EAR ENDED 31 DECEIIBF.R 2022 CHARITABLE ACTIN'ITIES cosrs Suppon OSIS 15ee noie DircLI C051s Ti)ials Provision of the Centre Relief ivork and ¢han"ty ?40.459 149.654 )77.015 149.654 J90.IIi 426.689 31.12.22 ProvisioJ> of Relief thc LcniJr chariii 31.12.22 'rothl Proi-i5ion of Rcliefi¥brk actii'iiies Ihc Ccnire Toial Rates And HBtei Insuranc¢ Light and heat T¢lephonc Postage and staiiotharv Sundries RLpairs And mlliniL'nati¢c Ldundr¥' and household Travel PTea¢hing Food Shrin¢ SUJ)dr) Ciarden tllainienance SubiiTipiion Funeral R¢liil-iYork and ¢harily 4.147 7.648 1 ?.884 1.233 7.291 7.291 18.568 7.h4¥ 12.NK4 73.3 ?.5£4 1.8iO 157.5? j i.470 1.830 157_£25 1.445 l j.g40 .060 10.933 7.319 8.717 I i.fyx 8.717 12.¥81 3.970 3.970 149.6$3 149.654 240.459 Sharc ofsupwn cOS 15ee 101 149,654 390.113 87.?87 36.576 26.:.57 26.i57 ?77.035 149.654 426.689 113_fi44 15h.76? .4n41%5is bv Ivnd LiirL'slricied fiinds" ¥enernl LiirL'skfiLkd funds designatrd 108.036 318.h53 180.fKX Ji.(A4 1)8.6iJ ?77.Oj? 149.6$4 42h.689 15
THE RA.IIAIKRISIIIA I-EDANTA CENTRE 40-1'ES TO THE FINANC.'I.4L sr..I"I'E.IIENI'%_ ¢ontinued FOR THE I'E.4R E)DED 31 DE(.-F..IIBLR 2012 10. SI:PPORT COSTS Govemance t05ts Finance Totals Provision of ihe C¢ntr¢ 35.?98 36.576 Siipport costs. included in thc abov¢. are a5 follo5.. il.12.22 Provisio of the C.¢nire Total Bank charges AudiioT5' remuneratLOTI Auditor5. remuneration for non audit wo Legal and profL5510tial fees Depreciation of ¢angible fixed a55e 986 1.1.680 660 15.957 TRUSTEES. REMUNEK4TIOPq AND BEYEFITS During ih¢ vear, no tru5t¢es {2021'. nil) reeeiv¢d remuneration or beerits from the charity {?021.. £Nill In relation 10 personal expenses. Trustee5' eipenses During the year. one of the trustees l?OZI-. one} ivas reimbursed expenses ttstalling £1.006 1?021". £5.6381 in relation to charitsble expenses patd on behalf of the chartlj.. EMPLOI'EES 12. The were no empltsyees during the currenl )'eat and previo5 )'ear. TAINCIBLE FIIED A&SETS 13. Fixture5 and rittings Freehold propertv IOr vehtcle5 Computer equipment Totals C'OST Ai l January 20a? Additions 902.535 91.804 5.000 1.768 .001.107 4.900 At 31 D¢¢ember 2022 902,5)5 96.704 5.000 1.768 1.006.()U7 DEPREC.IATIO Ai l January. 20?2 Charge for year 309.074 18.050 4.625 94 863 398.101
0.958
Ai 31 De¢¢mber 2022 j27.1 ?4 86.172 4.719 1.044 419.0$9 ET BOO]K N'ALLE Ai 31 D¢cember 2022 575.41 724 SR6.948 At 3 l December 2021 59i.461 375 905 60-,.U06 16
THE RA,IIAlkRISHI.4 I'EDANTA C.EITRE NOTF.S TO THE FINA>4CIAI. 5TATEIllEITS- continued FOR THE I'EAR ENDED 31 DECEIIBER ?022 FIXED ASSET II%VEsfMENTS 14. Listed MklRIKET VALL'E Ai i JaJiuar)- ?(}?? Additions Djsposals Impairnients 1.5 467.9-. ?.41(J.391 I l..)0fj.477 At 31 December 2022 14.046.940 NET BOOK VALUE At 31 De¢¢mb¢r 2022 14.046.940 At 31 Det¢mber 2021 14.46.3.9.36 There were no investment &ss¢ts Outside the LK. The htstori¢al cost of fixed a5sei investrnents at 31 December ?022 iva5 £10.069.76712021.. £9.310.8911. rocKS 15. 9.156 16. DEBTORS.. AIIOLliTS FALLIIYG DLE II'ITHIN ONE I"E.4R 31.1? 22 Oth¢r debtors Prepayments and accTued incom¢ 7.377 5.791 .45? li.168 7.?66 17, CREDITORS: AMoiif4TS FALLINC DLTE M'ITHIN ONE )'EAR 31.17 ?2 Other creditors AcEruals and deferred income 26.9?2 2.9?1 5.006
THE IUhlAKRISHN.4 1'ED.4NTA CE.NTRE Tr4nTES TO THE FI%AJI'I..IL ST.4TF.%ILNTS- coniinued frOR THE I'EAR FNDED 31 DEC_'EIIBF.R 21122 MOVEMENT FUN'DS 18. Transfers bern%ccn rtsThd5 Balance 91 Revaluations. ga1115 aiid 10$5e5 Incoming Resou¢$ Te50ure¢s exp¢nded Balaiice ai 31112,.'?2 Unrestricted fund5 General fund DesigTh#¢ed futtd5 Expansion Srheme Memorial Fund 694.531 136.427 115.718 715.240 14.999.984 780.7i7 4$9.)55 1.5)8 i80.909 11.196.046) 1.1.882..•¥4 1109.Oi81 67.; ?£7 16.475.252 597.340 496.627 11.305.084) 15 ?70.881 Comparatives for movernent in fund8 Trao5feTS ben%"eeJi fvnds Balance ai Revaluations. oaiiis losses Resources expended Balanc¢ ai resource5 linrestricled funds General fund Designated funds Expansion Scheme i emorial Fund 690.897 44.977 41.343 694.511 13,5?9.330 660.672 280.957 675 187.418 .377.14) 119.390 14,999.984 780.7.)7 14.880.899 3?6.609 228.791 1.496.535 16.475.)- Funds The Charity has ihe following type of funds: bnre5tritt¢d fund: This fi]nd is available for general purp95es whjrh the Trumees are free io use in a¢cord2n¢e wilh the charitable objects. Designaied fund- Tliis fiind 15 available for general purw)se& hoiwei'er. the Trusiees haN'e chos¢n sueh funds i(? be used for sp¢Lifii purpos¢. This fund includes the following-. an5ion ¢heme Tlie fund ivas created with a view to establish another centre in ihe L'K in the fuiure. Mcmorial fund The fund ivas established tn memory. of SmI Ghanananda and Sil'ami BhaNyananda foT relÈef work 18
THE EL411AkRISH.N.I I'EDAN'TA CENTRE NOTES TO THE FI.NANCIAL STATE.IIEN'TS- tontinued FOR THE I'E.4R ENDED 31 DEC.-LIIBER 2022 RELA TED PARTI, DISCLOSI'RES 19. The Ramakri5hna Vedanta Centre entered into the following innsa¢tions ivith r¢lated partie5 during tlie year.. . Ther¢ are Ihree12021.' rhreel tnjstees wlh) ai th¢ Centre. IheFr accommodation and food ts pmvided for ai the Centte. b. Two member of key management personnel recerved hthcare eosts amounttnD to £16.74_312021.. £7.7571. 19
THE IU.NIAliRISHNA I'ED.4NTA CEYTRE DETAILED ST.4TE)IF.%TOF FINAliCIAL ACTII'ITIES FOR THE I'EAR EIDF.D JI DE -.F.IIBER 2022 Rl.12.?2 Linrestricled fi]iids Total IYC"01IF..4YD EP4DOWMF.NI TS Donations *nd legacies S"hrine box. collection & freewlll dolon$ Gift aid LelaCIeS Members 5ub$rriptions -70.4.) I 50.000 56U 7.000 661 ?87.066 7j.?Oi Othtr trgding activitie5 Sal¢ of books. CDS and m3gazine5 2.86i Invt$tment intorne Income froni listed inve5tm¢nts Deposit account ittteresi 307.295 2_f0.07i 307.411 250.080 TOIAI incoming re50Utces 597,340 326.609 EXPENDII'I.'RE Other trading activities Opei)iiig stock. PuTchas¢S Printing 'edania Closing sto¢k 9.156 1.576 6.106 19.1561 6.966 7.68? 7.699 Invelment managernent costs Portfolio manaoemeni 62.256 Charitable activities Raies 2nd w7t¢r Insuranc¢ Lighr and heat Telephojie Postage and stationery Suiidrie5 Repair5 and niaiiitenaiice Laundrn and hou5¢1iold cleanittg Travel aiid preacliing Food Sliriiie suftdrv Garden maintenance Carried fornard 4.147 7.648 12.884 7,291 18.568 729 3.ji4 1.444 1.8.30 .470 16.933 8. j9 12.88:, 8.717 This pag¢ does noi forni part of (he sraiutory, financial statements
THE RA.%IAKRISHNA I'EDA,*¥TA CEN'TRE DETAILED STATEIIE)T OF FI.N.4JCIAL.4CTII'ITIES FOR THE I'E.4R E.NDED JI DECEIIBER 2022 31.1? 22 Unrestricted funds Total fuiid5 Cliarit4ble aetivÈties Broii&Thi ftsrward Relief i%OTk and chariry Subscription Fiinerals ?.26..)88 149,654 i.970 -390.111 1.10.405 Support costs Finxnce Bank charge$ 986 Covernance costs AudiioT5' r¢mun¢raiion Auditors, ren)uneration for non audii M'ork Legal and profe55ional fees Freehold prop¢rty' Fixrures and fittings Motor veliicles Con?PUl¢r equipment 13.680 660 18.050 4.061 2.066 i5.298 Total r¢source5 expet)d¢d 496.627 ??8.791 i ei income before gAin5 And losses 100.713 97.818 Reali5ed reeogni5ed g2in5 gnd losses Realised gaiD511105sesl on fixed assei investments I l.i05.0841 .496.5.75 el income {1.204.J711 This page does not fomi part of the Sianjion. financial Slatements 21