RADHAKRISHNA TEMPLE SHYAMA ASHRAM TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Registsred Charity Number . 276335
RADHAKRISHNA TEMPLE SHYAMA ASHRAM LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs Devyani J Patel Mrs Nalini 8 Patel Mrs Meenu Sharma Mr Raj Kumar Mr Chandulal Tank Charity Number 276335 Principal Office 33 Balham Hlgh Road Balham London SW12 9AL Independent Examiner Mr D l KSrkwood, FCA AWn5 LLP Chartered Accountant8 Crown House 151 Hlgh Road Loughlon Essex IG10 4LG Bankers Natwest Bank PIC 128 Balham High Road London SW12 9AE Barclays Bank PIC Leicester LE87 2BB
RADHAKRISHNA TEMPLE SHYAMA ASHRAM TRUSTEES. REPORT AND FINANCIAL STATEMENTS INDEX Page Number Trustees, Report Independent Examln¥$ Report Statement of Financial Activities 8alance Sheet 7-10 Notes to the Financial Statements
Pag8 1 RADHAKRISHNA TEMPLE SHYAAIA ASHRAM TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Thg Twstg9s prnt thelr annual r9POrt and finarla1 slalements ofthg charfty for thg ygar endod 31 March 2024. Th9 finanaal sfalomonts have b9en Pfepared In aOrdanCe vlth the a¢unti pollcles set out In note 1 to Ihg financ1 ststembnts and comply wlh th8 charfvs twsl deed, the Charib'es Act 2011 and"A¢¢ounfjng and Reporting by Charities- Stalefflenl of Recornmered Practice applicable to charib"e5 preparing their accounts in accordance wlh Ihe Financlal Repting Stsndard applic8te in thè UK 8nd Republic of Ireland IFRS1021' (effectAie 1 January 20191. 1 OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT Th8 primary objectNe of tharity as $81 out in the Trust Doed 1$ to 8dvanc8 the Hindu r81Sgion, and Impart religious education in e0rdance wlh the tenets and doctrines of Hinduism. This is dono by condudng religious services, txganising festivals. and othèr aCtiv[tS that would fUrtr the objectives ol the Twsl. No private financial gain 15 gained by those supporting the airn5 of the Trust. The Trust's Temples are OFen Ihroughout the yearto all I[shipperS lo enable them to practise theirfaf(h through mors. All Hindu festivals are celebrated and yOLFng members are espeaally encA)ur9ed to take part and leam. 2 PUBUC BENEFIT The Truees havo pald duo regard lo the Charfty CommSsslon'$ guSdan¢e on public benefit. Th8 Tru51ees have followed these guidolines vknen reviewing ils aim$ and o¥e¢Nves and Sn planning future activilles. The trust operates an (wgn-(l(KJf 8n(l organises regular events Ihfr lo(l t>)mmunity can partkSpate and cel8br81o. Rggul8r d8sses CM) Hlndu r&ll9ion, culture, and behaour arg very poputar among Ihg parbcipanls, in parlKular the younger mèmbors. These progrdmmes are operated by devoleil volunleers offering their valu8bltt lima to impart knovAèdge. Detaibd informalion is provided in the Achlevemwrt and Perfomiance secllon of th55 repL¥t. 3 STRuGfuRE. GOVERNANCE AND MANAGEMENT Thg charity is nnISter9d and managed su¥8¢t to and in confom)ty th the provlsions of a Trust Deed dated 30 July 1978. approved and establlshed by thè Charity Commission. Th8 accounts have been prepar1 to conform wilh the requirgm8nt8 ofthe governing dUments, Gurrent slalutory requirgm8nls and thé requirements of Ar£oyntirvJ and Roporbng by Chwibe8, together wlh the Slatemont of Recommendod PractrE FRS 102. Trusto88 Tha folloyéing persons have acted as Trustees during the year.. Mrs D8vy8nl J Patel {Managlng Trusleel Mrs Nalw)i B P8tel Mrs Meenu Shamia Mr Ral Kumar Mr Chandulal Tank Ea¢h Trustee has taken responslbllity for monltodng our actlvllles In speclftc operational areas. chairing sub groups consL8tlry of volunteers. Managemont ofthe Trust Th8 trustse8 8ro aware of the Charity Commlsslon requirements to manage the Trust and Its oblectlves for the purposes of public beneffit. Tho Truste65 normally moot regu18rfy arKJ manage the Charity actlvltl&s. AEI Trustees are unpaid and offer volunteer seTrices. 4 RISK POLICY The Trustees have recenlty cLYnpleled a rewew of all Ihe Charity's poli(xes. Appropriate inlemal controls and procedures are maintsinèd. including those relating to b1getary and financial risks and health and safety regulations. The Trustees a satisfied that syslemslarrangements are in place to Mana the risks Identlfied. There are no significant risks that are reqUId to be reported for the financjal year ended 31 March 2024.
Page 2 RADHAKRISHNA TEMPLE SHYAlthlA ASHRAM TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 5 ACHIEVEMENT AND PERFORMANCE The Temple has seen ij8volee attendance improviwJ during the year. In keepbng with the Trusvs oblectbves. charftable 8cttvlUes have now Increased. The Temple conllnues to provide 8ssisl8n¢e to the vulnerable In the fom) of groceries and cooked vegetarian meals. The Temple's services are valued by the l¢)cal communities, esperAally the dderly. Younger volunteers have been playing a substantial role through improved admlnislrative rersources, especoalty In IT matters and conducting variou$ ¢lasso$. As in previous years. the Ternple Gontlnues to offor Its fggular services vio Ihe social rnedia applicatigns of YouTube and Zoom. Onllne Salsangs. E&aj8ns, Hlndulsm Classes, 108 Hanuman Challsa recltallons. Oth8r activities durlng the year Induded celebrations of R8mnavmi. Diwali. Janmastmi. to mention a few. The Temple website is regularty updated wlth additional features such as Darshans. Images from past events and announ(*ments for futtjre events. The IT team continues lo suppori various functions for temple activlties.Gularatl and HlrKII language dasses also are very popular. All key festfvals and rellglous dates are observed and celebrated by devotees. DI5Urse$ are Lyganised for religious, educ8tlon, and splrllual adv8nc8ment with the help of visitiThJ priests and gunjs. The Trust acknowledges the efforts and dedication of ils volunteer foTee in the Templ8'8 day lo day m8nagemenL 6 FINANCIAL REVIEW The operatlng costs of ihe Temple conllnue to Inc¥erase. Costs of utilities, insurance and ingredients have rfsen Ignfficanuy and show little sfjgn of reduclng. The Trustees are aware thal significant gmounts of funds wlll ba r8qulred to ensure th8 smooth running of the Tefflp18. Donationg received dunno tha year were £122.$05. up from £109,086 In the previous year. There were no Govemmenl grants during the year. No donaonS were mode by the temple during the year 12023 - £ NIL)- The Trustees hope to improve on this yearfs deficit of £1.011 {2023- £586).The Temple does t charge for entry and rdies primarily on donallons from the congregab.on and oth8r w811 wish8rs. 7 VOLUNTEERS. CONTRIBUTIONS IN ACHIEVING THE OBJECTIVES OF THE CHARITY The Temple continue5 to depend upon the continued support of its enlhusiaslic and selfle55 volunteers. TtÈeir invaluable support an(J dedication is essenllal for the Trust lo survlve. The Trustees would like lo thank wholeheartedly all of them for thelr hard work and dedlcallon, partkularfy those involved in prashad preparallon, premlses malnlen8nce, educalional 8clivilies. IT and bad( office support, deaning, and decoratlons during festivals. 8 PLANS FOR THE FUTURE Thg Trustees are committed to maintainlng Ihfy momentum at the Temple. To this end. they will wntinue to: - malntaln and improve available prayer Bnd communal facllitlgs establish relationships wlh local rèligious Institution5 - luthl our statutory obllgalbons of health and safety - parbclpale In other chaty work related lo the Trusfs objedves - org8nise more vi%ts for &klgdy 8nd other d8seNing worshippws, to othar t8mples - encourag& the youth to par1pate In Ihe plannlng and OTganlslng of regular events
Page 3 RADHAKRISHNA TEMPLE SHYAMA ASHRAM TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 9 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for pparIng the Annual Rem and the finanGial statements in accordance wlth applicable law and regulations. Th8 law appllcable to charities in England and Wales requlres the Trustses to prepa financlal stalements for each financial year in accordan wth Unlted Kingdom Generally Accepted Accounting Practice {Uni Kingdom A¢¢ounting Standards and applicable 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 Charfty and of the incomlng rescAJrtss and applkation of 80ree8, Including the income and expendibjre, of the Charity for that period. In preparing these financial statements, the Trustees are required to: sdecl suitable accounting policies and then apply ihem consistenlly,. observe the methods and principles in th8 Charities SORP- make judgments and accounting estimates thal are reasonable and pnjdent., state vthether applicable UK Accounting Standards have been follow, subi¥t to any material departures disdosed and explained in the financial statements- prepare the financial statetThnts on the gng concern basis unless it is inappropriate to pwume that the Charity will ¢onlinue to operate. The Trustees are responsible for keeping suffiGienl a¢counting records that disc105e with reasonable accuracy at any time the financial FN)silion of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulallon5 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and and hene* for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval This rePt was approved by the Trustees on 18 November 2024 and signed on their behalf by: Mrs Dovyani J Patal Tru$lee Mrs Nalini B Patel Tw$tee
Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RADHAKRISHNA TEMPLE SHYAMA ASHRAM I report to the Trustees on my examlnalion of the financlal stslements of Radhakrishna Temple Shyama Ashram (Ihe Chariv) lor the year erKled 31 March 2024 which comprise the Statement of Financial Activities, the Balanc8 Sheet and related notes. This report is made sdely to the Ch8ri1l8 Trustees. as a ixxly, in acLordance wth section 145 of the charitS Act 2011. My work has been undertaken so that I might slal6 lo the Charity's Trustees those matters l am requlred to state lo them in this report and for no other purpose. To the fulle51 extent permtlled by law, I do not accept OT assume responsibility to anyone other than Ihg ChaTity and t Charlvs Trustees as a bc#Jy, for my worL for this report. or for the opinions I have formed. RESPONSIBILITIES AND BASIS OF REPORT As th8 Truste93 Of thg Charity you are rgsponsible for the preparation of th8 financial Statements in accordarKe wrth the requirements of the Chariti95 Act 2011 ('th8 AcV}. I rewt in respoct of my examination ol the Charity's financlal statements carried oui under section 145 of the Act and in rArying out my ex8minalion I have ftAlowed all the applrable Directions given by the Charity Commission under section 145 {51{b) of the Act. An independent examination (Joes not iTNolve gathering all the evidence that would be required in an audil and consequenuy does not cover all the m8tters that an auditor considers in giving their oplnlon on the finaL91 statements. The planning and conduct of an audil go93 bgyond the limited assurance that an in¢Yependent examination can providg. Consequ8nUy l express no oplnlon as lo whether the finanaal statements present a 'true and fal vlew and my report Is Ilmlled to those specfflc matters sel out in the independent examiner's statement. INDEPENDENT EXAMINER'S STATEMENT I have o)mpleled my examlnallon. I conflTh Ihal no materlal matters have come lo my ailention in connection wlth the examlnallon glvlng me cause to belleve that In any material respect.. accounting records were not kept in respect of thg charity as rgquir8d by section 130 of the 2011 ACL" or the financlal stalemenls do not accord wAth those records,. or the financtal statements do not comply wh the appllcable requirements con¢eming the form and content of accounts Sgt out in the Charities {Accounts and Reports) Regulations 2008 other than any requlremenl that the accounts glve a'true and falr, vlew whlch is not a maller considered as part of an independent examination. I have no cx)ncems and have come aGross no other matter5 in conrli0n wth the examination to which attention should be drawn in this report in order to enable a proper unders18nding of the finarrial stalemerrt5 to be reached. Mr D l Klrlwood, FCA Alwyns LLP Chartered AcccNJntants Crown House 151 Hvjh Road Loughton Essex IG10 4LG Date.. 6 December 2024
Page 5 RADHAKRISHNA TEMPLE SHYAMA ASHRAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 UnTgStrl¢ted Restrictod Endowment funds funds funds Total 2024 Totsl 2023 Not88 Incom• and ondowmonts Donations 8nd legacy Othgr 122.505 122.505 109.086 Total income 122,505 122,505 1Cr3,086 Expondlturo on ralslng funds Management and admlnlstrauon 123,348 168 123,516 109,672 Totsl expenditure 123.348 168 123,516 109.672 N•t Incomgl {exp•ndlture) (8431 1168) (1.011) (586) R•conciliation of funds Total fund$ brought forward 15.019 14,265 780,000 809.284 809.870 Total funds Carri fonvard 14.178 14.097 780,000 808.273 809,284 There wer8 no recognlsed gaSns or losses for either pericxj other than those included in the Statement of Finandal Actwities. All Income and expendllur8 derlves from contlnulng activities. The notes on pag&$ 7 to 10 fom part of th8s8 financial sta18m8nts.
Page 6 RADHAKRISHNA TEMPLE SHYAMA ASHRAM BALANCE SHEET AS AT 31 MARCH 2024 2024 Unrestrirtgd R05trictgd Endowrnent funds funds funds 2024 Total 2023 Total Note8 Flxed Ass•ts Tangible assets 175 951 780,000 781.126 781,325 Current Assets Debtors Cash in haThl and at bank 30,701 13,146 43,847 43,424 30,701 13,146 43,847 43,424 Liabilitigs Creditors falling due within one year 116,7001 {16,7001 (15,465) Net current a8s•tsllliabllltles) 14,001 13,146 27.147 27,959 Net Assets 14,176 14,097 780,000 808.273 809,284 The funds of the Charlty: Unreslricled ndS Restricted funds Endowment fund5 14,176 14,097 780.000 15,019 14,265 780,0fy) Total charity fvnds 808,273 80g,284 The financial statements were approved by the Board of Trustees on 18 November 2024 and were slgned on their behalf by.. MIS Devyani J Patel Trustee Mrs Nalini B Patel TTUStee The notss on pagés 7 to 10 fom part of these financ1 statements.
Page 7 RADHAKRISHNA TEMPLE SHYAMA ASHRAPA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES Basis of preparation and assessm•nt of going concgrn The accounts have been wepared undar th& hist(xical cost convention with items recognised at cost or transaction value unless Otherwlse slated in relevant notes to the accounts. The financial Statements have been prepared In a¢¢ordanGe wilh charity's trust deed, the ChartEles Acl 2011, FRS102 'The Finandal Reporting Standard applicat4e in the UK and Republic of Ireland I'FRS 102") and the Charrties SORP'Accounling and Reporting by Charities.. SLitemenl of Recommended Practice applicable to charities preparing their a(Lounls in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effective 1 January 2019). The Trust Const[teS a wblic benefit entlty as defined by FRS 102. The Trustees have consKlered the current even15 and ndItiOnS, and have detemiined that they do not create a material unc8rtainfy that casts significant doubt uwn the charity's abillty lo continue as a going ncem. Reconciliation with pr•viou8 Generally Accepted Accountlng Pracli In preparing these acGounls, the Trustees have consléered whether in applying the accounting policies required by FRS 102 and the Charlll8s SORP FRS 102 a restatement ofcomparative items was needed. No reststement was requlred. Donatlons,1ggacles and slmllar Incomlng resourcgs Inwme from donations is induded in Incomlng resourGes when these are receivable, which is vthen the Charity becomes enlitted lo the resource. For18gacies, enlitlemenl is the earlier of the Charity being notlfied of an impending dislributlon or the legaty being received. Donations recetved for the general purposes of the Charity are induded as unrestricted funds. Donations received for actlvltles restrfotsd by the donor are taken to "restricted funds. where these wlshes are binding on the Trustees. Donated faGilibes are included al th6 value lo th8 Charity ere this can be quanlrfied and a Ihlrd party is bearfng the cost. No amounts are included in the finanGial statements for ser¥ices donated by volunteers. Income is d8ferr8d only when the Charity has lo fulfil (x)ndilions before becoming entitled to il or where the donor ha8 specrfied that the Income Is to be expended in a fvture period. Resources expend•d Resources expended are accounted for on a paid basis. Certaln expenditure Is apportioned to cost categories based on the eslimaled amount attributable to that actlvlty In th8 year. These estimates are based on volunteer time as appropriate. The Charity Is not regISted for VAT and accordingly expenditure is shown gross of irreLX)verable VAT. Tanglble flxed assets and depraclatlon All assets ¢0sting more than £350 are capitallsed If they can be used for mrxe Ihan one year. Freehold land is not depreciated. The cost of tangible flxed asgets Is wrltten off over thelr eslimaled economlc useful life as follows.. Freehold bulldings are maintained to a standard whereby at any time, estimated rgmaining useftjl life is nol diminished and the Trustees consider the valuation to be much higher. A revaluation wlll be carried out when approprfale. Furniture, FixbJre$ and Equipment 15% reducing balance basls
Page 8 RADHAKRISHNA TEMPLE SHYAPdlA ASHRAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (continu•d} Investment Incomo Interest is induded when re1vable by the Charlty- Fund $truduro Funds by the Charty are either: Unreslricled general funds- these are funds which can be used in accordance with the charitable objects al the discretion of the Trustees. Restricted funds - these are fuNJs that can be used for p2rttular $tricted purposes within the objects of the Charity. Reslridions arise when specffied by the donor or when funds are raised for particular restricle¢Y purposes. Endowment fijnds - these are funds represeftted by properties held as endovrfrnent for use by the Charity. Valug ad(ted tax Value added lax Is rbol recoverable by the charlty, and as such is included in the relevant (x)sl in the Stslement of Financial Activities. lanaggmgnt and aqlministratlon expgndlture This indLKles all expenditure of maintaining and nJnning the pr&mi5e5. provision of utilities and other servlces. DONATIONS Unrestrlcted Restrlcted Endowment funds funds funds Total 2024 Totsl 2023 Donations 122,505 122,505 109.086 MANAGEMENT AND ADMINISTRATION Establlshment expenses Administration expenses 0th8rs'. Wages Fruit arKI vegetables Bank charges and interest Depreciation 49,961 11,019 49.961 11,019 42.603 11.934 49,430 12,436 471 31 49,430 12,436 471 7,012 1,049 234 188 123.348 168 123.516 109.672 There We employees during the year12023- fv). TRUSTEES. REMUNERATION AND BENEFITS There was no Twslees, remuneration or other benefts for the year ended 31 March 2024. nor for the year ended 31 March 2023.
Page 9 RADHAKRISHNA TEMPLE SHYAMA ASHRAM NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 5. TANGIBLE FIXED ASSETS Freehold land and bulldings Fixlures. flttlngs and equipment Totsl Cost At 1 April 2023 Additions 780,000 6.193 786,193 At 31 March 2024 780,000 6,193 786,193 Doproclatlon At 1 April 2023 Charge for the year 4,868 4,868 199 At 31 March 2023 5.067 5,067 Net Book Valug At 31 March 2024 780,000 1,126 781.126 At 31 March 2023 780.000 1,325 781,325 The freehold pmpthes known as 33 B21ham Hlgh Road. London SW12. 47 Cromford Street in Leicester and 38 Chatsworth Street in Leicester were bequeathed to the Charity in August 1999. The leasehdd property known as gr¢xJndflix)r 35 Balham High Road, London SW12, was bequeathed to the Ch*ity in October 2021. CREDITORS AMOUNTS FALLING DUE vvrrHIN ONE YEAR 2024 2023 Other Creditors 16.700 15.485 7. ANALYSIS OF CHARITABLE FUNDS Balance brought forward BalanGg ¢arrl¢d forward Income Expenditure Analysis offvnd movement.. Unrestricted Restricted furKI Endowment fund 15,019 14.265 780,OC(I 122.505 123,348 14.176 14,097 780,0 809.284 122,505 123,518 808,273
Page 10 RADHAKRISHNA TEMPLE SHYAMA ASHRAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 8. RELATED PARTY TRANSACTIONS No donations were made by the Temple in the year12023 - £Nil) During the year Abbey Total ca Group Limited. a company in which Mrs D J Patel is a director. and a trustee of the Ch8rlty, donated £15,000 12023- £39,394) to the Charlty. During the year Mrs D J Patd, a trustee of the Cha14ty, donated £8,943 12023- £1.382) to the Charty. As at the y8aT 8nd, the CharSty owed £ 12.654 {2023- £12,654} lo Mrs D J Patel, a trustee. This interest free loan was under no fomial Iwms. 9. COMPARATIVE STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted funds Restrlcted fund8 Endowmont funds Total 2023 Not88 Income Donations Legacies 109,086 109,086 Total Income 109.086 109,086 Expgndituro on raising funds Management and administration 102.975 6,697 109,672 Total oxpondituro 102,975 6,697 109,672 Net Incomel{axpondltur•l Total funds brought forniard 6.111 8,908 (6.69n 20,962 15861 809,870 780,00) Total fvnds carrled forward 15,019 14,265 780,000 809,284