Charlty Number: 261363 LONDON SEVASHARAM SANGHA Trustees, Report and Financial Statement For the year ended 31 March 2024 LONDON SEVASHRAM SANGHA For the year ended 31 March 2024 Legal and administrative informatlon Status The charity is governed by constitution whlch provldes for the electlon of the Executive Committee annually at the Annual General Meeting. Trustees are nominated in the UK and approved by the Bharat Sevashram Sangha Head Office in Calcutta. Trustees Mr Deepnarine Sukhu Mr Suresh Tewari Mrs Nandai Kowlessur Ms Dipika Ray Resigned June 2023 Mr Swarup Das Charity Number 261363 Address 99A Devonport Road Shepherds Bush London W12 8PB Accountant/Examiner S D Maharaj SDM Associates 643 Garratt Lane London SW18 4SX Bankers TSB CONTENTS Legal and administrative information Trustees Report Examiners report Income & Expense Balance Sheet Notes to the accounts PAGES LONDON SEVASHRAM SANGHA Trustees report For the year ended 31 March 2024 Charitable objects The provision of a place of worshlp and promotion of Hlndu religlon and culture Revlew of activltles and achlevements The activities of the ASHRAM continued during the year. These include the following: Om Day Celebrations, Nagi Purnima, Durga Puja, Ramnowmie, Hanuaman Recitations, Janamashmi, Deepavali, Kali Puja, Laxsmi Puja, Saraswatie Puja, Ramayan Path and the inauguration of Ram Janmobhimi Mandir in Ayodya. In addition there were several private Havan Functions. These activities were in connection with Mr S Chatterjee Shraddh, Indranie Biswas-memorial for father, Mr Hornsey- son of Mrs Sikha-Thread Ceremony, Mrj Sinha- death of father in law and Mr S Dutta & family- parents Statement of Trustees responsibilitles Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the affairs of the Charity for the year and its incoming resources and expenses during the year. In preparing those financial statements the trustees are required to: Select suitable accounting policies and the apply them consistently Make judgments and estimates that are reasonable and prudent State whether applicable accounting standards of commercial practice have been followed subject to any departures disclosed and explained in the financial statements. and Prepare the financial statements on the financial basis unless it is inappropriate to presume The charity will continue in business The trustees are responsible for keeping proper accounting records which disclose with reasonably accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charity Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonably steps for the prevention and detection of fraud and other irregularities The trustees recommend that SDM Associates remain in office until further notice This report was approved by the trustees on .....l.¥..l.iJ..1.2 ¥ Trustee Trust r4Afvi1 i EpkaLÉSSOIZ LONDON SEVASHRAM SANGHA Independent examlners report to the trustees on the flnanclal statements of the London Sevashram Sangha I report on the financial statements of London Sevashram Sangha for the year ended 31 March 2024 which comprise the statement of financial activitles, the balance sheet and the relevant notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein Respectlve responsibllities and trustees and examlner As the charity trustees you are responsible for preparing the accounts, you consider that the audit requirements of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state on the basis of the procedures specified in the General Directions given by the Charity Commissioners under 43(7) (b) of the Act, whether particular matters have come to my attention Basis of Independent Examinerfs Report My examination has been carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and the comparison of the accounts presented with these records. It also includes a consideration of any unusual items disclosed in the accounts, and seeking explanations from you to trustees concerning such matters, the procedures undertaken do not provide all the evidence that would be required by an audit, and consequently I so not express an audit opinion on the view given on the accounts. Independent examinerfs statement In connection with my examination, no matter has come to my attention: l. Which gives me reasonably cause to believe that any material aspect the requirements To keep accounting records in accordance with section 41 of the Act: and To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act Have not been met: or 2 To which, in my opinion, attention should be drawn in order to enable understanding of the accounts to be reached. S D Maharaj SDM Associates Chartered Certified Accountants 643 Garratt Lane Earlsfield London SW18 4SX Dated.... )uliJ/>¥ LONDON SEVASHRAM SANGHA Statement of the FlnanclalActlvltles for the year ended 31 March 2024 Unrestrlced Restrlcted Fund Fund 2024 2023 Notes Incoming Resources Membership Donations Cultural Activities Bank Interest Received 2520 26439 2464 2459 33882 2520 26439 2464 2459 33882 765 10981 3544 15290 Resources Expended Rates Insurance Light & Heat Telephones Print Post and Stationery Repairs and Renewals Accountancy Legal & Professional Cultural activities Salaries Donations Swami's administration Pest Control Travel and Subsistence Cleaning Kitchen Expense Sundries Depreciation Total resources expended Total Income Resources before transfer Transfer between funds Net movement in funds Total funds brought forward Total funds carried forward 1504 2567 3907 563 185 2933 800 1262 931 12170 1504 2567 3907 563 185 2933 800 1262 931 12170 1408 2246 6966 435 100 2842 800 6532 2913 7748 10000 2406 1440 187 785 263 420 776 33099 2406 1440 187 785 263 420 776 33099 2070 764 322 862 46008 783 1015901 1016684 783 -30718 1015901 1046619 1016684 1015901 The notes on pages 6-9 forms an integral part of these accounts LONDON SEVASHRAM SANGHA Balance Sheet as at 31 March 2024 Notes 2024 2023 Flxed Assets Tangible Assets 756987 757763 Current Assets Debtors Cash at bank and in hand 1000 265305 266305 268455 268455 Current Liabilities Trade creditors 6608 10317 Net Current Assets 259697 258138 Total assets less current liabilities 1016684 1015901 1016684 1015901 Funds Unrestricted Funds Restricted Funds 11 791684 12 225000 1016684 790901 225000 1015901 The Trustees, Statements required by Section 249(4) are shown on the following pages which forms part of the Balance Sheet Trustee Trus Dated , / Scs)A£éU >4]lJl74 The notes on pages 6-9 forms an integral part of the Financial Statement LONDON SEVASHRAM SANGHA Notes to the flnanclal statements For the year ended 31 March 2024 Accounting Policles Accounting conventlon The financial statements are prepared under the historlcal cost convention and in accordance with the financial Reporting Standard for Smaller Entitles (effective January 2005) and follow the recommendation In "Accounting and Reporting by Charities Statement of Recommended Practice issued in 2005 Incoming Resources Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for the resale and included in the income when they are sold. Donated assets are included in the Charity where this can be justified and a third party is bearing the cost. The value of the services by volunteers has not been included Grants, including the grants for the purchase of assets, are recognized in full under the restricted funds in the statement of the financial activities in the year in which they are receivable and the grant income credited to the unrestricted funds by instalments over the expected useful life of the asset consistent with the depreciation policy Income from investments is included in the year in which they are received Resources Expended Resources expended are recognized in the year in which they are incurred Support costs are recognized in the year in which they are incurred Support costs are those costs incurred directly in support of the expenditure of the objects of the charity Management and administration costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements. Tangible Fixed Assets and Depreciation Depreciation is provided at rates to write off the costs less residual value of each asset over the expected useful life of the assets as follows: Freehold land and buildings Furniture, fittings and equipment NIL IOYO reducing balance LONDON SEVASHRAM SANGHA Notes to the financlal statements for the year ended 31 March 2024 Subscrlption Income Unrestrlcted Funds 2024 2023 Ordinary Member Subscription 2520 2520 765 Donatlons Unrestrlcted Funds 2024 2023 Donations ( including gift aid ) 26439 26439 10981 26439 26439 10981 Restricted Funds 2024 2023 Donationsnransfer 2024 2023 Bank Interest Received Unrestrirted Funds Bank Interest Received 2459 2459 3544 LONDON SEVASHRAM SANGHA Notes to the financlal statements for the year ended 31 March 2024 Donatlons Expended Unrestrlcted Funds 2024 2023 Donatlons 10000 Tangible Fixed Assets Freehold Land and Bulldlng Furnlture Flttings & Equlpment Total Cost At 01/04/2023 Additions At 31/03/2024 750000 24490 774490 750000 24490 774490 Depreclatlon At 01/04/2023 Charge for the year At 31/03/2024 16727 776 17503 16727 776 17503 NBV brought forward NBV carried forward 750000 750000 7763 757763 6987 756987 Debtors 2024 2023 Other debtors 1000 LONDON SEVASHRAM SANGHA Notes to the financlal statements for the year ended 31 March 2024 Short Term Credltors 2024 2023 Accuals 6608 6608 10317 10317 10 Long Term Creditors 2024 2023 Bank Loan 11 Unrestricted Funds 01/04/2023 Incomings Outgoings Transfers 31/03/2024 General Fund Subscriptions Interest Received 790901 28903 2520 2459 33882 -33099 786705 2520 2459 791684 790901 -33099 12 Restriced Funds 01/0412023 Incomings Outgoings Transfers 31/03/2024 225000 225000 Building Funds