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2024-12-31-accounts

REGISTERED CHARITY NUMBER: 206169

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE RAMAKRISHNA VEDANTA CENTRE

Tejinder Saran BSc (Hons) FCA Statutory Auditor Accumen Business Consultancy Limited Coventry University Technology Park Puma Way Coventry West Midlands CV1 2TT

THE RAMAKRISHNA VEDANTA CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 4
Statement of Trustees' Responsibilities 5
Report of the Independent Auditors 6 to 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 19
Detailed Statement of Financial Activities 20 to 21

THE RAMAKRISHNA VEDANTA CENTRE

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024		 REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Charity Number
Principal address
Auditor
Bankers
Investment advisors		 Rev S Sarvasthananda (Chairman)
Rev S Shivarupananda (Treasurer)
Mr M Bedish (Secretary)
Mr S Ghosh (Vice-President)
Mr J Wilcox
Mr V Bhatt (retired 20th October 2024)
Mr R Das
Ms J A Power
V S Anumula
Mr H K Shah
Mr A Chandran (appointed 2nd June 2024
206169
Blind Lane
Bourne End
Buckinghamshire
SL8 5LF
Accumen Business Consultancy Limited
Coventry University Technology Park
Puma Way
Coventry
CV1 2TT
HSBC Bank Plc
1 Corn Market
High Wycombe
Buckinghamshire
HP11 2AY
(Rathbones) Investec Wealth & Management
Limited
Connaught House
Alexandra Terrace
Guildford
Surrey
GU1 3DA

1

THE RAMAKRISHNA VEDANTA CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the Centre, as set out in the constitution, are to promote and propagate Vedanta, the study of comparative religion and philosophy, and to assist in bringing about harmony of religions, and to promote philanthropic work where appropriate.

The aim of the Centre is to continue to promote Vedanta and Spiritual knowledge through lectures, retreats and information via the website. Its aim is to also to continue to provide money for charitable and relief work.

Public benefit

The Ramakrishna Vedanta Centre is the only Centre in the UK affiliated to the Ramakrishna order and for this reason attracts visitors from all over the country. The Centre provides a retreat for these visitors as well as promoting Spiritual knowledge through its bookshop, lectures and its website. The Centre's work is not restricted to Great Britain, though every year the Centre donates funds for charitable and relief work mainly carried out by the Ramakrishna Order overseas.

In setting our objectives and planning our activities, we have given careful consideration to the Charity Commissions' general guidance on public benefit.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Centre's activities returned to normalcy after the pandemic and the monks were able to continue to promote Vedanta and Spiritual knowledge to a wider audience, throughout the year, through talks and classes at the Centre and other parts of UK, like London, Newcastle, Edinburgh, Aberdeen, etc., on a regular basis. Most of these programmes were simultaneously made available online via Zoom and YouTube live. The monks continued to provide individual guidance by meeting spiritual aspirants/visitors in the Centre premises on a regular basis. Swami Sarvasthananda also participated in several international conferences and interfaith programmes in Europe and some other countries.

The Centre continued to publish the 'Vedanta', a bi-monthly journal which entered its 72nd year. Articles from the 'Vedanta' were made available to a wider audience online via the Charity website.

FINANCIAL REVIEW

Financial review

The Centre generated total income of £458,121 (2023: £445,863). The total expenditure in the year was £369,414 (2023: £331,673) of which £108,786 (2023: £111,719) was spent on relief work and funding welfare programmes, etc. Most of the funds for charitable work was distributed for the work of the Ramakrishna Math and Mission and the Sarda Math, mainly for work in India. Details of major relief and rehabilitation work, medical and educational work etc, conducted by these organisations are given in their Annual Reports. Since the end of the pandemic, Trustess and members have been regularly visiting.

The results for the year are set out in the Statement of Financial Activities in these financial statements.

Investment policy and objectives

The Board of Management has formulated the most appropriate investment policy and the implementation of the policy has been delegated to fund managers at Investec Wealth & Investment Limited. Report issued by the fund managers are reviewed periodically by the Board to ensure their policy being implemented and to monitor the performance of their investments and they are pleased to report the return on investments is satisfactory.

2

THE RAMAKRISHNA VEDANTA CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Reserves policy

Unrestricted funds at the year end amounted to £16,675,506 (2023: £16,031,417). These funds are held for the purpose of continuing the operations of the Centre. Total unrestricted funds includes £15,416,128 (2023: £14,691,069) designated funds to the Expansion Scheme Fund and £649,376 (2023: £695,257) designated to the Memorial Fund.

It is the policy of the Board of Management to carry the minimum of reserves equivalent to 3 to 6 months of its operational budget. Reserves are considered to be the Net Current Assets stated on the balance sheet of £179,786 (2023: £624,656). The patterns of income and expenditure differ over the course of the year. Expenditure tends to be concentrated in the first half of the year while income is more evenly spread. Thus cash balances are built up during the second half of the year to accommodate this pattern.

Risk Management

The Board of Management has conducted its own review if the major risks to which the Centre is exposed and systems have been established to mitigate those risks.

Significant external risks to the funding have led to the development of a strategic plan, which will allow for diversification of investments.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The Ramakrishna Vedanta Centre is an unincorporated registered charity. Its is governed by a constitution adopted on 11th December 1951 as amended on 8 April 1962 and 29 June 1996.

Trustees

The trustees who served during the year and up to the date of signature of these financial statements were:

Rev S Sarvasthananda (Chairman) Rev S Shivarupananda (Treasurer) Mr M Bedish (Secretary) Mr S Ghosh (Vice-President) Mr J Wilcox Mr V Bhatt (retired 20th October 2024) Mr R Das Ms J A Power V S Anumula Mr H K Shah Mr A Chandran (02nd June 2024)

Recruitment and appointment of new trustees

The members of the Board of Trustees are appointed from among the members of the Centre and hold office for three years. At the end of this period the members of the Centre elect a new Board an the annual general meeting.

Organisational structure

Day to day management of the charity is taken on by the Board of Trustees as a whole.

3

THE RAMAKRISHNA VEDANTA CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Title of Land and Buildings

The following Trustees hold title to the freehold land and buildings belonging to the charity:

Rev S Sarvasthananda Rev S Shivarupananda Mr S Ghosh

Approved by order of the board of trustees on 28 October 2025 and signed on its behalf by:

Rev S Sarvasthananda (Chairman) - Trustee

4

THE RAMAKRISHNA VEDANTA CENTRE

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE RAMAKRISHNA VEDANTA CENTRE

Opinion

We have audited the financial statements of The Ramakrishna Vedanta Centre (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE RAMAKRISHNA VEDANTA CENTRE

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE RAMAKRISHNA VEDANTA CENTRE

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Tejinder Saran BSc (Hons) FCA Statutory Auditor Accumen Business Consultancy Limited Coventry University Technology Park Puma Way Coventry West Midlands CV1 2TT

28 October 2025

8

THE RAMAKRISHNA VEDANTA CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
4
Other trading activities
5
Investment income
6
Total
EXPENDITURE ON
Raising funds
Other trading activities
7
Investment management costs
8
Charitable activities
9
Provision of the Centre
Relief work and charity
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 General
fund
£
41,800
3,025
114
44,939
8,886
-
8,886
66,859
4,409
80,154
-
(35,215)
645,091
609,876		 Designated
fund
£
106,651
-
306,646
413,297
-
67,230
67,230
117,894
104,377
289,501
555,382
679,178
15,386,326
16,065,504		 31.12.24
Total
funds
£
148,451
3,025
306,760
458,236
8,886
67,230
76,116
184,753
108,786
369,655
555,382
643,963
16,031,417
16,675,380		 31.12.23
Total
funds
£
159,586
2,609
283,668
445,863
7,514
63,052
70,566
149,388
111,719
331,673
646,346
760,536
15,270,881
16,031,417

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes form part of these financial statements

9

THE RAMAKRISHNA VEDANTA CENTRE

BALANCE SHEET

31 DECEMBER 2024

Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Stocks
16
Debtors
17
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
19
Unrestricted funds:
General fund
Designated fund
TOTAL FUNDS		 General
fund
£
556,012
-
556,012
6,774
10,743
68,172
85,689
(31,825)
53,864
609,876
609,876		 Designated
fund
£
-
15,939,708
15,939,708
-
-
125,796
125,796
-
125,796
16,065,504
16,065,504		 31.12.24
Total
funds
£
556,012
15,939,708
16,495,720
6,774
10,743
193,968
211,485
(31,825)
179,660
16,675,380
16,675,380
609,876
16,065,504
16,675,380
16,675,380		 31.12.23
Total
funds
£
571,486
14,835,275
15,406,761
7,630
31,267
617,629
656,526
(31,870)
624,656
16,031,417
16,031,417
645,091
15,386,326
16,031,417
16,031,417

The financial statements were approved by the Board of Trustees and authorised for issue on 28 October 2025 and were signed on its behalf by:

Rev S Sarvasthananda (Chairman) - Trustee

The notes form part of these financial statements

10

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. CHARITY INFORMATION

The Ramakrishna Vedanta Centre is an unincorporated registered charity in England and Wales. The charity's principal address is Blind Lane, Bourne End, Buckinghamshire, SL8 5LF.

The financial statements have been prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 20% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 20% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

11

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at mid prices as per reports from investec - independent fund manager.Transaction costs are expensed as incurred.

Impairment of fixed assets

At each reporting date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairments loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Stocks

Stocks are stated at te lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Its held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted funds which the trustees have chosen such funds to be earmarked for specific purpose.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

12

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the charity’s accounting policies, the trustees are required to make judgements,estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4. DONATIONS AND LEGACIES

Shrine box, collection & freewill donations
Gift aid
Legacies
Members subscription		 31.12.24
General
fund
£
24,789
17,010
-
-
41,799		 31.12.24
Designated
fund
£
80,562
26,089
-
-
106,651		 31.12.24
Total
funds
£
105,350
43,100
-
-
148,450		 31.12.23
Total
funds
£
122,851
36,735
-
-
159,586
OTHER TRADING ACTIVITIES
Sale of books, CDs and magazines		 31.12.24
31.12.23
Unrestricted
Total
funds
funds
£
£
3,025
2,609

5. OTHER TRADING ACTIVITIES

13

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

6. INVESTMENT INCOME

----- Start of picture text -----
31.12.24 31.12.24 31.12.24 31.12.23
General Designated Total Total
fund fund funds funds
£ £ £ £
Income from listed investments - 305,689 305,689 282,653
Interest receivable - 957 957 1,015
-
306,646 306,646 283,668
7. OTHER TRADING ACTIVITIES
31.12.24 31.12.23
Unrestricted Total
funds funds
£ £
Opening stock 7,630 9,156
Purchases 8,030 5,988
Closing stock (6,774) (7,630)
8,886 7,514
Purchases, included in the above, are as follows:
31.12.24 31.12.23
General Total
fund funds
£ £
Trading costs:
Purchases - 1,577
Printing Vedanta 5,988 6,105
5,988 7,682
Purchases represents purchase of books which are sold at the Centre.
Printing Vedanta are costs involved with the provision of the magazine.
8. INVESTMENT MANAGEMENT COSTS
31.12.24 31.12.23
Unrestricted Total
funds funds
£ £
Portfolio management 67,230 63,052
----- End of picture text -----

14

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. CHARITABLE ACTIVITIES COSTS

Provision of the Centre
Relief work and charity		 Direct
Costs
£
160,946
108,786
269,732		 Direct
Costs
£
160,946
108,786
269,732		 Support
costs (see
note 10)
£
23,807
-
23,807		 Support
costs (see
note 10)
£
23,807
-
23,807		 Totals
£
184,753
108,786
293,539
Rates and water
Insurance
Light and heat
Telephone
Postage and stationary
Sundries
Repairs and maintenance
Laundry and household
Travel and preaching
Food
Shrine sundry
Garden maintenance
Subscription
Funeral
Relief work and charity
Share of support costs
(see note 10)
Analysis by fund
Unrestricted funds - general
Unrestricted funds - designated		 31.12.24
Provision of
the Centre
£
4,439
11,470
24,358
2,574
9,534
1,612
53,811
5,654
18,508
13,452
919
11,115
30
3,229
-
160,705
23,807
184,512
184,323
-
184,323		 31.12.24
Relief work
and charity
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
108,786
108,786
-
108,786
4,409
104,377
108,786		 31.12.24
Total
activities
£
4,439
11,470
24,358
2,574
9,534
1,612
53,811
5,654
18,508
13,452
919
11,115
30
3,229
108,786
269,491
23,807
293,298
188,732
104,377
293,109		 31.12.23
Provision of
the Centre
£
469
9,106
24,240
1,553
4,194
1,480
38,565
4,810
6,010
18,945
3,832
9,190
18
-
-
122,412
31,487
153,899
153,899
-
153,899		 31.12.23
Relief work
and charity
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
111,719
111,719
-
111,719
30,369
81,350
111,719		 31.12.23
Total
activities
£
469
9,106
24,240
1,553
4,194
1,480
38,565
4,810
6,010
18,945
3,832
9,190
18
111,719
234,131
31,487
265,618
184,268
81,350
265,618

15

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

10. SUPPORT COSTS

Provision of the Centre
Support costs, included in the above, are as follows:
Bank charges
Auditors' remuneration
Legal and professional fees
Depreciation of tangible fixed assets
OTHER EXPENDITURE
Support costs		 Governance
Finance
costs
Totals
£
£
£
792
23,015
23,807
31.12.24
31.12.23
Provision
of the
Total
Centre
activities
£
£
792
1,265
6,000
9,120
1,541
630
15,474
15,961
23,807
26,976
31.12.24
31.12.23
Unrestricted
Total
funds
funds
£
£
23,807
26,976

11. OTHER EXPENDITURE

12. TRUSTEES' REMUNERATION AND BENEFITS

During the year, no trustees (2023: nil) received remuneration or benefits from the charity (2023: £Nil) in relation to personal expenses.

Trustees' expenses

During the year, none of the trustees (2023: nil) were reimbursed expenses nil (2023: nil) in relation to charitable expenses paid on behalf of the charity.

13. EMPLOYEES

There were no employees during the current year and previous year.

16

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

14. TANGIBLE FIXED ASSETS

Freehold
property
£
COST
At 1 January 2024 and
31 December 2024
902,535
DEPRECIATION
At 1 January 2024
340,664
Charge for year
13,540
At 31 December 2024
354,204
NET BOOK VALUE
At 31 December 2024
548,331
At 31 December 2023
561,871
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2024
Additions
Disposals
Revaluations
At 31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Fixtures
and
fittings
£
97,203
88,378
1,765
90,143
7,060
8,825		 Motor
vehicles
£
5,000
4,789
53
4,842
158
211		 Computer
equipment
£
1,768
1,189
116
1,305
463
579		 Totals
£
1,006,506
435,020
15,474
450,494
556,012
571,486
Listed
investments
£
14,835,275
1,889,053
(1,340,002)
555,382
15,939,708
15,939,708
14,835,275

15. FIXED ASSET INVESTMENTS

There were no investment assets outside the UK.

Cost or valuation at 31 December 2024 is represented by:

Valuation in 2024
Cost		 Listed
investments
£
555,382
15,384,326
15,939,708

The historical cost of fixed asset investments at 31 December 2024 was £11,456,804 (2023: £10,537,698).

17

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

16. STOCKS

----- Start of picture text -----
31.12.24 31.12.23
£ £
Books 6,774 7,630
17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Other debtors 3,632 11,709
Prepayments and accrued income 7,111 19,558
10,743 31,267
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Other creditors 8,865 22,390
Accruals and deferred income 22,960 9,480
31,825 31,870
19. MOVEMENT IN FUNDS
Transfers Revaluations,
Balance at Incoming Resources between gains and Balance at
1/1/24 resources expended funds losses 31/12/24
£ £ £ £ £ £
Unrestricted funds
General fund 645,091 44,824 79,913 - - 610,002
Designated funds
-
Expansion Scheme 14,691,069 408,946 289,501 605,614 15,416,128
Memorial Fund 695,257 4,351 - - (50,232) 649,376
-
16,031,417 458,121 369,414 555,382 16,675,506
Comparatives for movement in funds
Transfers Revaluations,
Balance at Incoming Resources between gains and Balance at
1/1/23 resources expended funds losses 31/12/23
£ £ £ £ £ £
Unrestricted funds
General fund 715,240 117,122 187,271 - - 645,091
Designated funds
-
Expansion Scheme 13,882,384 326,721 144,402 626,366 14,691,069
Memorial Fund 673,257 2,020 - - 19,980 695,257
-
15,270,881 445,863 331,673 646,346 16,031,417
----- End of picture text -----

Funds

The Charity has the following type of funds:

Unrestricted fund:

18

THE RAMAKRISHNA VEDANTA CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

19. MOVEMENT IN FUNDS - continued

This fund is available for general purposes which the Trustees are free to use in accordance with the charitable objects.

Designated fund:

This fund is available for general purposes, however, the Trustees have chosen such funds to be used for specific purpose. This fund includes the following:

Expansion Scheme

The fund was created with a view to establish another centre in the UK in the future.

Memorial fund

The fund was established in memory of Swami Ghanananda and Swami Bhavyananda for relief work

20. RELATED PARTY DISCLOSURES

The Ramakrishna Vedanta Centre entered into the following transactions with related parties during the year:

a. There are three (2023: three) trustees who work at the Centre, their accommodation and food is provided for at the Centre.

b. Zero member of key management personnel received healthcare costs amounting to £nil (2023: £nil).

19

THE RAMAKRISHNA VEDANTA CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Unrestricted Total
funds funds
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Shrine box, collection & freewill donations 105,352 122,852
Gift aid 43,099 36,734
Other trading activities 148,451 159,586
Sale of books, CDs and magazines 3,025 2,609
Investment income
Income from listed investments 305,689 282,653
Deposit account interest 1,071 1,015
306,760 283,668
Total incoming resources 458,236 445,863
EXPENDITURE
Other trading activities
Opening stock 7,630 9,156
Purchases 836 -
Printing Vedanta 7,194 5,988
Closing stock (6,774) (7,630)
8,886 7,514
Investment management costs
Portfolio management 67,230 63,052
Charitable activities
Rates and water 4,439 469
Insurance 11,470 9,106
Light and heat 24,358 24,240
Telephone 2,574 1,553
Postage and stationery 9,534 4,194
Sundries 1,612 1,480
Repairs and maintenance 53,811 38,565
Laundry and household cleaning 5,654 4,810
Travel and preaching 18,749 6,010
Food 13,452 18,945
Shrine sundry 919 3,832
Garden maintenance 11,115 9,190
Relief work and charity 108,786 111,719
Subscription 30 18
Carried forward 266,503 234,131

This page does not form part of the statutory financial statements

20

THE RAMAKRISHNA VEDANTA CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

31.12.24 31.12.23
Unrestricted Total
funds funds
£ £
Charitable activities
Brought forward 266,503 234,131
Funerals 3,229 -
Support costs 269,732 234,131
Finance
Bank charges 792 1,265
Governance costs
Auditors' remuneration 6,000 9,120
Legal and professional fees 1,541 630
Freehold property 13,540 13,540
Fixtures and fittings 1,765 2,206
Motor vehicles 53 70
Computer equipment 116 145
23,015 25,711
Total resources expended 369,655 331,673
Net income before gains and losses 88,581 114,190
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 555,382 646,346
Net income 643,963 760,536

This page does not form part of the statutory financial statements

21