REGISTERED CHARrrY NUMBER: 276370 APM Accountants Limited Chartered Cerbfied Accourrtants 283 High Strert Binningharn Èst Midlands B66 3NJ
Shri Paramhans Advart Mat-UK e Fin8ncMI Ended 31 March 202 Report of th8 Trustees 1 to 2 Independent Exanwnefs Report ststement of Financial Actrirlie8 Balara Sheet Not88 to the Finanaal Statem 6 to 10 Detailed Statement of Fin8neAal Activitss 11 to 12
Shri Paramhan The trustees Fxesent their report blith financial statements of the charty for the year ended 31 March 2023. The trustees have adopted the wovigons of Accounting and Reportin9 by Chankn'es.. statent of Recommended Pract applicaLI8 to charities preparing their accounts in accordance wtth the Financial Reportiry Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTMTJE8 Objectlves and alms The Principal objectiv8 of th8 tanple 18 to advan religlon ty spreadlng and preachrig the spiritual t8athlngs of Pararnh8r Shrl Shri 108 Shri Swami Advalt Anand Maharaj ji Sanyasi. Stsff and Volunt•er• The trustees wish to record th'T apkyeciation to all Voluntews for their devol work. Wthout th18 commitment the work of the trust could not continue. FINANCIAL REVIEW The trust has raised £114,627 during the year endeAJ 31 Mard) 2023 indLKlirkg int8re8t received on maturity of deposits. The trust has exFthled £99,602 in the year which includes a depreciation of £7,264 in the finanaal accounts baving a net surplu$ of £15,025 at th8 end of the year. STRUCTURE, GOVERNANCE AND MANAGEMEMr Governlng document The charity is controlled ty its govwning document. a deed of trust and cnstitUteS an unlncorporated chatity. REFERENCE AND ADMINISTRATIVE DEfAILS Rogl8tored Charlty number 276370 Prlnclpal addre88 4143 8rondesbury Park London NW6 7AY Trustees MrMSPAnand MrA Y Mahatma MrA PAnand Mr S K Gulhati MrADGhai Mr R S Nangla Mr V K Mehra Mr L K Sadarangani Mr H Babbar Mr G C Chopra Mr R Mehra Shri Param Hans Advait Mat- UK is a regk8tered chaty administered by 11 trustees. trustees are appointed by the existing trustees. A priest deS in the temple aThl he performs the various religious ceremonEs including day to day administration. Page 1
Re ortofth T REFERENCE AND ADMINISTRATIVE DEfAILS Independent Examlner APM Accountants Limited Chartered Certffi AcLountants 283 High Street Smethwick Birmingham West Midland8 B66 3NJ Approved by order of Ihe board of trustee8 on .. ... . . . behalf by: ..y..>J.......... and svJr)gd on Mr V K Mehfa - Trustse Page 2
Inde nde min Re rt to the Trustees of Independent examlnerfs report to the trustees of Shrf Paramhans Advalt Mat4JK report to the chanty trustees on my examination of thè accounts of Shri Paramhans Advait Mat-UK (the Trust) for the year endwj 31 March 2023. Responsibilities and basis of report As the charity trustees of the Trust you responsible ts the preF0ration of ts accounts in aGwrdarKe with requrwngnts of the chare8 A( 2011 Cts Arf). I report in reSt of ry examination of the Trusfs accounts carried uTrJer tiOn 145 of the Act and in ¢arying out my 8xaminab.on I have follow&1 all applicaU8 Dr&lions given by the Charity Commission under seCtn 145(5)(b) of ts Arl Independent examlnevs statsment I have completed my examinats'on. l o)nfirni that no matwial matters have come to my attents'on in connection with the examinab.on gibing Me cause to believe that in any matsrial resp8Ct: account'ng record8 ww8 not kept In respect of the Trust as required by S8ctlon 130 of th8 Act., or the accounts do not accord with those records,. or th8 accounts do not compty vth the applicable requirements concerning th8 fomi arKI content of accounts set oul in the Charib'es (Accounts and Rewrts) Regulations 2008 other than any r8quirement that the accounts give a In afKI fair ifjew whKh 18 not a matt8r considered as part of an ir*Yependent examination. I have no concerns and have come across no other matters in connecb'on with the examination to which attention should be drawn in this report in order to enable a proper undèt8tandiFvJ of the accounts to be reac1. MAR FCCA M&4 APM AOuntants Lwnited Chartered Certmknj Accountants 283 High Streel Smethw'ck Bimiingham West Midlands B66 3NJ Date.. Page 3
hriP for the Year Ended 31 March 2023 31.3.23 Unrestricted fund 31.3.22 Total fu18 Notes INCOME AND ENDO¥ThIEMfs FROM Donations and legaues 104,645 95,736 Investrnent income 9,982 7,105 Total 114.627 102,841 EXPENDITURE ON Other 99,602 55,895 NEf INCOME 15.025 RECONCILIATION OF FUNDS Total funds brought forward 2,771.615 2.724,669 TOTAL FUNDS CARRIED FORWARD 2,786,640 2,771,615 The notes fomi part ofthese financjal statements Page 4
hriP 31.3.23 Unresln'ctl fund 31.3.22 Total funds FIXED ASSErs Tangible assets 1.831.996 1,787,303 CURREKf ASSErs Debtors Cash at bank arKI In ha1 2,941 953.278 4,455 981,139 956,219 985,594 CREDITORS Amounts falling due Vthl one year (1.575) (1,282) NEf CURRENT ASSErs 954,644 984,312 TOTAL ASSETS LESS CURREKr LIA81LITIES 2.786,640 2.771,815 NEf A88Ers 2,786,640 2.T11,615 FUNDS unrestrict furth: General fund 2,786,640 2.771,615 TOTAL FUNDS 2,786,840 2,771,615 The finan 'al statements were 8pprrNed by the Board of TnJ8tees and authorised for Issue on ..Zo&3...... and were signed Its behaff by.. Mr A P Anand - Trustse The notes fom part of these financial statements
Shri Paramhans Advait MatK ar Ended 31 March 2023 ACCOUNTING POUCIES Basls of preparlng the financlal statements The financial statements of the charity, vthich is a public tjenefft enbty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Repoitng by Charities.. Statement of Recommended Praclice applicab lo (arities preparing their accounts in accordance viith the Financial Reporting Stsrbjard applicable in the UK and Republic of Ireland (FRS 102) {effedive 1 January 2019),. Finanual Repoiting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have bèen Kry>ar&J under the historical $t convention. Income All income is recognised in the Statement of Financrdl Activi'es once the charity has entlU8ment to the funds. li Is prtsbab that the Incorne ¥MII be and the amount can be measured reliabty. Expèndftur• Liabilities are recognLl as exwMYitur8 as soon as there Is a leg81 or constructive obligation o)mmrtting the charity to that expenditure, it is probable that a transfer of economic benefits wlll b8 required in settlement arKI the amount of the otAigation can be measured reliably, Exp8nditure is accounted for on an accruals basis and has been claSSrf under headings that aggregate all cost rdated to th8 (gory. there c08ts cannot b8 dir?Y attributed to particular he8diTrJ8 IW hav8 allo(thJ to actsvthe8 on a cA>n8i8tent with the use of resourc88. Tanglbl• Ilxéd a••ets Depreciation 1$ provJ•l at the followiry annual rats8 In ordw to lIe i)ff each asset over Its 88tlmated u8eful Iwe. Freehold pyoperty Improvements to property Fixtures and fittings Motor vehicbs . not wovideAI rK)t providgj 10% on redu(ang balance 10% on reducing balan Taxatlon The charity is exempt from tsx on Its chamatjle acllvltle8. Fund ac¢ountlng Unrestricted furKJs can be used in aCt(thn( *ith Ihe tharitable ottyectsves at the dl8crètion of the trustees. Restricted funds can onty be used for partKular reStrIrt wrposes within the objects of the charty. Resthctions arise whèn speofied by the donor or funds are raised for parb'cular restricted wrF•)ses. Further explanation of nature and purpose of each fv1 i8 indud8d in the notes to the fanual statements. Page 6 continued...
hriP Fin INVESTMEKf INCOME 31.3.23 31.3.22 Depos account interest 9,982 7,105 TrUSTEES REMUNERATION AND BENEFITS Ther8 were no trustees, r8rNnwation or other t*neffts for thè year 31 March 2023 nor for thé year ÈThJed 31 March 2022. Tru8tee8' expgnwo There were no truste88' expenses paid for ts year 8ndj 31 March 2023 rr for tha year ended 31 March 2022. COMPARATIVES FOR THE STATEMEpif OF FINANCIAL ACTIVITIES Unreslricte fijnd INCOME AND EFWMENTS FROM Donations arKI legacie8 95,736 Investment income 7,105 Total 102,841 EXPENDITURE ON Other 55,895 NEf INCOME RECONCILIATION OF FUNDS Total funds brought forward 2.724.889 TOTAL FUNDS CARRIED FORWARD 2,771,615 Page 7 continued...
hri Paramhan No TANGIBLE FIXED ASSErs Improvem Fixtures ffttings vehic Totals COST At 1 April 2022 Additions 862,134 852,623 51.957 229.822 56,994 2,001,573 51,957 At 31 March 2023 862.134 904,580 229,822 56,994 2,053,530 DEPRECIATION At 1 April 2022 Charge for year 187.298 4.252 26.972 3.012 214.270 7.264 At 31 March 2023 191,550 29,984 221,534 NET BOOK VALUE At 31 March 2023 862.134 904,580 38,272 27,010 1,831,996 At 31 March 2022 862.134 852.623 42,524 30,022 1,787,303 DEBTORS: AMouKfs FALLING DUE wrrHIN ONE YEAR 31.3.23 31.3.22 Prepayments 2,941 4,455 CREDITORS: AMOU1 FAWNG DUE wrrHIN ONE YEAR 31.3.23 31.3.22 Trade creditors Other credltors 1,573 1,280 1,575 1,282 MOVEMEKf IN FUNDS Net movernent In funds At 31.3.23 At 1.4.22 Unrestrlcted funds General furKJ 2,771,615 15.025 2,786,640 TOTAL FUNDS 2.771,615 15,025 2,786,640 Page 8 Continued...
Shri Paramhans for the Year Ended 31 March 20 MOVEMENT IN FUNDS - conllnued Net movemerrt in fun(ts, in¢lud8d In the at#)ve are as follthys: Incomitvj Resources Movement resources expended in funds Unrestrlcted fund8 General fund 114,627 {99,602> 15,025 TOTAL FUNDS 114,627 {99,602> 15,025 Comparatlvos for movement In fundl Net At 1.4.21 in fundg 31.3.22 Unrestrlcted fund• Gèneral fvnd 2.724,669 46,946 2,771,615 TOTAL FUNDS 2,724.669 46,946 2,771,615 Comparathie net movement In funds, Included In the above are as A)Ilows: Incoming Re80urce6 Mov8m8nt resour(x expended In fund$ Unrostrl¢ted fund# General fund 102,841 {55,8951 46,948 TOTAL FUNDS 102,841 (55,895) A current year 12 mc*ths and wior year 12 nnthS combin&l s1.0n is as follows.. movement in funds At 31.3.23 At 1.4.21 Unrestrkted funds General fund 2.724,669 61.971 2,786,640 TOTAL FUNDS 2.724,669 61.971 2.786.640 Page 9 continued...
Shri Paramhans Advait Mat-UK MOVEMENT IN FUNDS - conllnuod A current year 12 months and prior 12 months combined net movement fvnds, inclLMled in the above are as foll(r44s: Intx>miro Resources Movement resourcth expended in funds Unrestrfcted fund8 General fund 217.468 (155,497) 81,971 TOTAL FUNDS 217.468 (155,497) 61,971 RELATED PARTY DISCLOSURES TIre Ire related party trarlon$ for the year ended 31 March 2023. Page 10
hriP ailed Sta men fFin Year Ended 31 March 202 31.3.23 31.3.22 INCOME AND ENDOWkEWd Donatlons and legacies Gifts Donations 104,643 95,736 104,645 95,736 Investm•nt Income Deposit account intere8t 9,982 7.105 Total Incomlng rnaourc•• 114,627 102,841 EXPENDITURE Other Rates & Water Light & Heat Insurance Repairs & Renewals Legal & Professional fee8 Charitabb Donation Fixtures and frttlngs Motor vehicles 3,462 14,264 4,958 13.979 10.646 1,720 4,252 3,012 1,912 3,919 8.276 4,725 3,347 56,293 37,112 support co•ts Managoment Postage and statnery 435 242 Flnance Bank charg8S 137 35 Other Travelling Exp Motor Exp Cantean Expenses 11.862 4.928 17.299 4,988 3,725 7,409 33,889 16,102 Other 2 Sundries Carri&J forward 6.051 6.051 This pa98 thes not fonn part of the stabjw financial statements Page 11
mh ns Athait Mat- Fin al 31.3.23 31.3.22 Other 2 Brought fOard Garden Maintenance Telephone 6,051 277 1.740 120 1,424 1,624 Governance costs Accountancy and fees 780 780 Totsl resources expended 99,602 55,895 Not Incomo 15,025 46,946 This pa9e dt*s not form part of the statutory financial statsme Page 12