REGISTERED CHARITY NUMBEIL" 276370 the T tee nd nci tate ents for 1Ma 2021 ShriP dvai 8t-UK APM Accountants Limited 283a High Street Smethwick Birmingham West Midlands B66 3NJ
Mat- the Fin f rthey Page Report of the TrLtstees 1 to 2 IndePendt Examlnefs Report statement of Financial Advities Ba Sheet Notes to the Financial Ststements 6 to 10 Dètailed Statement of Financial Activities 11 to 12
Shri Param nsA oft Trus rthey rEnd 31 arch 2 21 The trust present their report with the financial statements of the charty for the year ended 31 March 2021. The trustees have adopted the provisions of Accountlng and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019}. OBJECTIVES AND ACTMTIES Objectlves and aims The Principal objective of the t8mple is to advance religion by spreading and preaching the spiritual t8achings of Paramhans Shrl Shri 108 Shri SwamS Advait Anandji Maharaj ji Sanyasi. Staff and Volunteers The trustee5 wish to record thar appreciation to all Volunt&rs for thelr devoted work. Wrthout this commitment the work of the trust could not continue. FINANCIAL REVIEW The trust has raised £119,845 during the yearended 31 March 2021 including interest received on maturity of deposits. The trust has expended £47,317 in tho year which includes a depreaation of £9.066 in the financial accounts leaving a net surplus 01 £72,528 at the end of the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charfty is controlled by its goveming documenc a deed of trust and cc*ilUteS an unincorporated Gharty. REFERENCE AND ADMINISTrATIVE DETAILS Reglstered Charity number 276370 Prlnclpal address 4143 Brondesbury Park London NW6 7AY Trustees Mr M A A Mahalma (deceased 31.7.20) MrMSPAnand MrA Y Mahatma MrA P Anand Mr S KGulhali MrADGhai Mr R S Nangla Mr V K Mehra Mr L K Sadarangani Mr H Babbar MrG C Chopra Mr R Mehra (appoint&J 12.9.20) Shri Param Hans Advait Mat- UK 18 a reglstered charity administered by 11 trustses, New trus are appointed by thè existing trustees. A priest resides in the temple and he perfoms the various religious ceremonies including day to day administration. Page 1
th&T REFERENCE AND ADMINIRATIVE DEfAIL8 Independent Examiner APM Accountants Limlted 283a High Street Smethwlck BlmIlnglrn West Mkllands B66 3NJ 8rKI signed an It8 Mrv Kmetra- TruBte8 Pag9 2
rnirEfs R rt to Ih Trustees of Adva Independent examiners report to the trustees of Shrl Paramhans Advalt Mat-UK I report to the charty trustees on my examination of the accounts of Shri Paramhans A01t Mat-UK (the Trust) for the year ended 31 March 2021. ResponsSbilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordan w5th the requirements of the Charitses Act 2011 Cthe Art). I report in respect of my examination of the Trusvs accounts carried out under seGtion 145 of the Act and in carrying out my examinalion I have foll0v all applicable Directtons given by the Charity Commission under seclion 145(5)(b) of the ACL Independent examinerfs statement I have completed my examlnation. I confimi that no material matter5 have come to my attention in conrEction wth the examination giving me rAuse to believe that in any materlal respecL Aiunting records were not kept in respect of the Trust as required by wtion 130 of the Act; or the accounts do not accord with those rewrds., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2c8 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I hsve no concems and have come across no other matters in Connection with the examination to whith attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached. AR FCCA MBA APM Accountant5 Limited 283a High Street Smethwick Birmingham West Midlands B66 3NJ Date.. . Page 3
Shri Pa mharts A at-UK of Finan he Year En ial Activiti 31 March 2021 31.3.21 Unrestricted fund 31.3.20 Tot81 funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 108,843 93,263 nvestment income 11,002 10,178 Total 119.845 103,441 EXPENDITURE ON 47,317 74,114 NET INCOME 72,528 29,327 RECONCILIATION OF FUNDS Total funds brought forward 2,652,141 2,622,814 TOTAL FUNDS CARRIED FORWARD 2,724,669 2,652,141 The notes forni part ot these financial statements Page 4
Shri Pa mhan vait Ma lance ch2 31 31.3.21 Unrestricted fund 31.3.20 Total funds FIXED ASSETS Tangible assets 1,401.392 1,399,603 CURRENT ASSErs Debtors Cash at bank and in hand 40,633 4.157 1,287,096 1,249.041 1,327,729 1,253,198 CREDITORS Amounts f811ing dL* Within one year (4,452) (680> NET CURRENT ASSErs 1,323,277 1,252,538 TOTAL ASSETS LESS CURRENT LIABILITIES 2,724,869 2.652,141 NET ASSErs 2.724,669 2,652.141 FUNDS Unrestiicted funds: General fund 2,724,669 2,652,141 TOTAL FUNDS 2,724,669 2,652,141 The financlal statements were approved by the Board of Trustees and aLrthorised for issue on . and were signed on its behalf by.. Mr A P AnarKI - Trustee The notes fomi part ot these financial statements Pag8 5
Shri Paramhans vait -UK the Financ I Sta ear ed31 orth rch 21 AccouKllNG POUCIES Basls of preparlng the financlal statemonts The financial statements of the charity. which is a public benefit entity under FRS 102. have bn prepared in accordan 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) leffectwe 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chanties Act 2011. The financial statements have been prepared under the historical cost converrtion. Income All income is recognised In the Statement of Financial Activities once the charty has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the chaiity to that expenditure, it 15 probable that a transfer of economic benefits will be re4uired in settlement and the amount ot the obligalion can be measured reliably. Expenditure is account8J for on an accruals basis and has been dassified under headings that aggregate all c05t related to the category. Vvhere costs cannot be directly athibutsd to particular headings they have been aUo¢ated to activrties on a basi8 COrnYStent with the use of resources. Tanglble flxed assets Depreciation is provided at the followtrvJ annual ratss in order to write off each asset over its estimated useful lrfe. Freehold propety Improvements to propety Fixtures and fittings Motor vehicles not provided not provided lo° on reducing balan 100kn on reducing balance The charty is exempt from tax on tts charitable activitles. Fund accountlng Unrestrrcted funds can be used in accordance with the charilable objectives at the discretion of the trustees. Resti1c fvnds can only be used for particular restricted purpos8S Wthin the obJects of the harty. Restrictions arise vthen specified by the donor or when funds are raised for particular restii(ed purposes. Further explanation of the naturé and purpose of each fund is induded in the notes to the financial statements. Pag8 6 continued...
ns Advait Mat-UK Financial rthey arE ded arc 2021 INVESTMENT INCOME 31.3.21 31.3.20 Deposit account interest 11,002 10,178 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. Trustees, expan There were no trustees, expenses pald for the year ended 31 March 2021 nor for th8 year ended 31 March 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund INCOME AND ENDOWMENTS FROM Donallons and legacies 93,283 Investment income 10,178 Totsl 103,441 EXPENDITURE ON other 74,114 NET INCOME 29.327 RECONCILIATION OF FUNDS Total funds brought forward 2,622,814 TOTAL FUNDS CARRIED FORWARD 2,652,141 Page 7 ontinu8d...
iiPa han Advai nan for the Year Ended ments- ntin Mar 021 TANGIBLE FIXED ASSETS Improvements Fixtures to and property fittings Freehold prop8ty Motor vehides Totals COST At 1 April 2020 Additions 534,8T7 782,398 3,500 222,467 7,355 56,994 1,596.738 10.855 At 31 March 2021 534,877 785.898 229,822 56,994 1.607.591 DEPRECIATION At 1 April 2020 Charge for year 177,323 5,250 (98) 23.724 177,225 28,974 At 31 March 2021 182,573 23,626 206,199 NET BOOK VALUE At 31 March 2021 534,877 785,898 47,249 33,368 1.401,392 At 31 March 2020 534,877 782,398 45,144 57,092 1,419,511 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20 Other debtors Prepayments 37,993 2,640 4,157 40,633 4,157 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3.20 Trade cwlitors other CrltOrS 3,002 1,450 660 4,452 660 Page 8 conttnued...
hans va inancial tate nu MOVEMENT IN FUNDS Net movement in funds At 31.3.21 At 1.4.20 Unrestrlcted funds General fund 2,652,141 72,528 2.724.669 TOTAL FUNDS 2,652.141 72.528 2,724,669 Net movement in funds. incFuded in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted fund8 General fund 119.845 <47.317) 72,528 TOTAL FUNDS 119,845 (47,317) 72,528 Comparatlves for movement In funds Net movement in funds At 31.3.20 At 1.4.19 Unrestrfcted funds General fund 2,622,814 29,327 2,652,141 TOTAL FUNDS 2,622,814 29,327 2,652,141 Comparative net movement in funds, included In the above are as follows.. Irthming Resour¢8s Movement resour expended in fvnds Unrestricted funds General fund 103,441 174,114) 29,327 TOTAL FUNDS 103,441 (74,114) 29,327 Page 9 ontinued...
mha Finan forthey En ued 31 M rch 2021 MOVEMENT IN FUNDS - contlnued A current year 12 montts and prior year 12 months combined posiiion is as foll¢)ws: Net movement in funrjs At 31.3.21 At 1.4.19 Unrestrlctsd funds General fund 2.622,814 101,855 2.724,669 TOTAL FUNDS 2.622,814 101,855 2,724,669 A current year 12 months and prior year 12 months combined net movement in funds, in¢lud&Y in the above a as follows.. Incoming Resources Movement resources expetKled in funds Unrestrlcted funds General fund 223,286 (121,431) 101,855 TOTAL FUNDS 223,286 (121,431) 101,855 RELATED PARTY DISCLOSURES There were no related party transactions for the year eThYed 31 Marth 2021. Page 10
Shri Paramh ded 31 Ma 31.3.21 31.3.20 INCOME AND ENDOWMENTS Donations and legacies Grfts Donations 108,843 93,262 108,843 93,263 Imiestment income Deposit acGount irrterest 11,002 10,178 Total incoming resourc88 119.845 103,441 EXPENDITURE Other Ratss & Water Light & Heat Insuran Repairs & Ren8wals Legal & Professional fees Charitabie Donation Fixtures and frttings Motor vehides 3,020 6,403 3,313 4,950 3,072 3.151 12,471 2,OJO 5,250 3,816 5.016 4,132 29,898 40,926 Support costs Management Postage and stattonery Motor Exp 348 228 338 Flnance Bank charges 111 70 Other Travelling Exp Motor Exp Canteen Expenses 3,402 3,934 2,196 8,898 4.888 15,356 9,532 29,142 Thi8 page does not fc¥m part of the statutory financtal slatements Page11
riPar va Mat-UK inan arch 2 l Activ 21 for End 31 31.3.21 31.3.20 Other Other 2 Sundries Garden Malntenance Telephone 4.510 60 1.850 2,338 6.848 2.752 Governance costs Accountancy and legal fees Total resources 6xpended 47,317 74,114 Net income 72,528 29,327 This page does not fom part of the statutory financlal statements Page 12