REGISTERED CHARITY NUMBER: 276370 hr .Plr4Mh1V iM.al-UK APM Accountants Limrted 283 High Street, Smelhwick Birmingham West Midlands 866 3NJ
Shri P mhans A il Mal- nl Finan lem En Page Report of the Trustees Independent Examiner's Report Slalemenl of Financial Activities Balance Sheet Notes lo the Financlal Slalemenls 8 to 10 Detsiled Statement of Financial Activities 11 10 12
ns Adva -UK Re f the Tru ear En es The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The Iruslees have adopted the provisions of Accounting and Reporb'ng by Charities.. Statement of Recommended Practice applicable lo charities prepanng their a¢counls in accordan th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecb've 1 January 20191. OBJECTIVES AND ACTIVITIES Objectlvos and alms The Principal objective of the temple 18 lo advanee religion by spreading and preaching the spirrtual teachings of Paramhans Shri Shri 108 Shri Swami Advail Anandji Maharaj ji Sanyasi. Staff and Volunteer8 The trustees wish lo record their appreciation lo all Volunteers for their devoted work. Without this commitment the work of the tw$1 could not ¢onlinue. FINANCIAL REVIEW The trust has raised £137,845 during the year ended 31 March 2024 including intere51 received on maturity of deposits. The trust has expended £78,220 in the year which includes a depreciation of £6,528 in the financial accounts leaving a net surplus of £59.625 al the end of the year. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng documont The charity is controlled by its ooveming docum&nl, a deed of trust and con8litute$ an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Reglstsred Charlty number 276370 Prlnclpal addre88 4143 8ronde$bury Park London NW8 7AY Trustee8 MrMSPAnand Mr A Y Mahatma Mr A P Anand Mr S K Gulhali MrA D Ghai IS1gned 7.2.241 Mr R S Nangla Mrv K Mehra Mr L K Sadarangani Ideceased 8.5.241 Mr H 8abbar Mr G C Chopra Mr R Mehra Mr N S Raikhy lappoinled 24.8.241 Shri Param Hans Advait Mat - UK is a registered charity administered by 10 Iru81ees, New trustees are appointed by the existing trustees. Headpriest resides in the temple alongwith 4 assistant Priests and they perform the various religious ceremonies including day lo day administration. Page 1
amhan Adva Re ort of th Trust rEn REFERENCE AND ADMINISTRATIVE DETAILS Independent Examinèr APM Accountants Limited 283 High Street, Smethwi¢k Birmingham West Midlands 866 3NJ Approved by order of the board of trustees on behalf by.. and signed on ils Mr V K Mehra - Trustee Page 2
Inde ndenl Examinels Re ort to the Trustees of Shri Paramhans Advail Mat-UK Independent examine5 report to the trustees of Shri Paramhans Advait Mat-UK I report to the charity trustees on my examination of the accounts of Shri Paramhans Advait Mat-UK (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)Ibl of the Act. Independanl 8xamineVs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any malerial respect.. accounting record5 were not kept in respect of Ihe Trusl as required by Section 130 of Ihe Act., or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and content of accounts set oul in the Charities (Accounts and Reports) Regulations 2008 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 have no cOnrn$ and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MA OJ KUMAR MUNJAL FCCA MBA APM Accountants Limited 283 High Street. Smethwick Birmingharn West Midlands B66 3NJ APM Date.. APM ACCOUbTANTS LIMITED ClwtsTtd Certilied.4ecDuoianL% &. Busin¢s5 Advisers 283 Fligh Suec¢ Snleibwick b66 3NJ Biningham Office vnNW.$PTnaocounv4nts.co.dc Page 3
aramh vait Mat- alemenl f Fi Year En ancial Activi 31.3.24 Unrestricted fund 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM t)onalions and legacies 120,595 104.645 Investment income 17.250 Total 137,845 114,627 EXPENDITURE ON Other 78,220 99,602 NET INCOME 59.625 15,025 RECONCILIATION OF FUNDS Total funds brought forward 2,786,640 2,771,615 TOTAL FUNDS CARRIED FORWARD 2,846,265 2,786,640 The notes form part of these financlal statements Page 4
hriP s Advaf( M Balance Sh rch 20 31.3.24 Unrestricted fund 31.3.23 Totsl funds Notes FIXED ASSETS Tangible assets 2,017,904 1,831,998 CURRENT ASSETS DebloTS Cash at bank and in hand 3,039 826,972 2,941 953,278 830,011 958.219 CREDITORS Amounts falling due within one year 11,850) 11,5751 NET CURRENT ASSETS 828,361 954,644 TOTAL ASSETS LESS CURRENT LIABILITIES 2,846,265 2,786,640 NET ASSETS 2.846,265 2,786,640 FUNDS Unrestricted funds.. General fund 2,846,265 2,786,640 TOTAL FUNDS 2,846,265 2,786,640 The financial slate ents were approved by the Board of Tru$lee$ and aulhorised for issue on and were signed on its behalf by., Mr A P Anand - Trustee The notes form part of these financial statements Page 5
hriP Advait Mat-UK I to the Financi ar Ended 31 24 ACCOUNTING POLICIES Ba818 of preparing the financlal stat¢ments The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordan with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReF)Orting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢trve 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Charities Act 2011. The finan¢ial statements have been prepared under the historical cost convention. Incorne All income 18 recognised in the Statement of Financial Aclivits'es once the charity has entillemenl to the funds, it is probable that the income will be receiv and the amount can be measured reliably. Expondltura Liabilib'es are recognised as expenditure as soon as Ihtrre is a legal or conslruclive obligats'on committing the charity to that expenditure, il is probable that a transfer of economic benefits 11 be required in setuemenl and the amount of the obligation Can be measured reliably. Expenditure 1$ a¢¢ounled for on an accruals basis and has been classified under headings that aggregate all c051 related lo the category. Vvhere costs cannot be direcdy attributed to particular headings they have been allocated lo aotivilies on a basi$ ¢onsislenl with the use of resources. Tanglble fixed a•89ts Depreciation is provided al the following annual rates in order to write off each asset ov&r ils eslimaled useful life. Freehold propety Improvements to propety Fixtures and fitting8 Motor vehicles not provided not provided 10% on reducing balance 10% on reducing balance Taxatlon The charity is exempt from lax on ils charitsble 8cliMtie8, Fund aceountlng Unrestricted funds ¢an be u9ed in accordance with the ¢haritable objectives at the dIs¢tiOn of the trustees. Restricted funds can only be used for particular restricted purposes w*lhin the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the natu and purpose of each fund is included in the notes to the financial Statements. Page 6 conb'nued..
Shri Pa Not forthey rEn alemenls - c ntin INVESTMENT INCOME 31.3.24 31.3.23 Dewsit account Inte$t 17,250 9,982 TRUSTEES, REMUNERATION ANO BENEFITS There were no Iru5tees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru8ts08' expen8e8 There were no Iruslees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricte fund INCOME AND ENDOWMENTS FROM Donations and legacies 104,645 Investment nrne 9,982 Total 114,627 EXPENDITURE ON Other 99,602 NEf INCOME 15,025 RECONCILIATION OF FUNDS Total funds brought forward 2,771,615 TOTAL FUNDS CARRIED FORWARD 2,786,640 Page 7 continued...
hriP Advail Mal- o the Financi Year End ntinu TANGIBLE FIXED ASSETS Improvements Fixtu$ and fittings Freehold property Motor vehicles propety Totals COST Al 1 April 2023 Additions 862,134 904,580 192,436 229.822 56,994 2,053,530 192,436 At 31 March 2024 862,134 1,097,016 229,822 56,994 2,245,966 DEPRECIATION Al 1 April 2023 Charge for year 191.550 3.827 29.984 2,701 221,534 6.528 At 31 March 2024 195,377 32,685 228,062 NET BOOK VALUE Al 31 March 2024 862,134 1,097,016 34,445 24,309 2,017,904 Al 31 March 2023 862,134 904,580 38.272 27,010 1.831,996 DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Prepayments 3,039 2,941 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31,3,24 31.3,23 Trade creditors Other creditors 1,648 1,573 1,650 1,575 MOVEMENT IN FUNDS N81 movement in funds Al 31.3.24 Al 1.4.23 Unrostrlcted funds General fvnd 2,786,640 59,625 2,846.265 TOTAL FUNDS 2,786,640 59,625 2,846,265 Page 8 continued...
mhans Advai Mat- Notes lo the Financi h Year En nts- conb'nu MOVEMENT IN FUNDS- contlnued Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestrlctsd funds General fvnd 137,845 178,2201 59,625 TOTAL FUNDS 137,845 178,2201 59,625 CoMratIveS for movement In funds Nel movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 2,771,615 15,025 2,786,640 TOTAL FUNDS 2,771,615 15,025 2.786,640 Comparatlve nel mov8m8nl in funds, included in the ab)ve are as follows,. Incoming Resour8 Movement resources expended in funds Unrestrleted lund• General fund 114,627 199,602} 15,025 TOTAL FUNDS 114,627 199,6021 15,025 A ¢urrenl year 12 months and prior year 12 months Combin po811ion is a5 follows,. Net movement in funds At 31.3.24 At 1.4.22 Unrestrlcted fund8 General fund 2,771.615 74,650 2,846,265 TOTAL FUNDS 2,771,615 74,650 2.846,265 Page 9 continued..
ShriP it Mat-UK Notes to for the Y I Statements- 2024 MOVEMENT IN FUNDS - ¢ontinued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources Movement resourtss expended in funds Unrestrl¢tod funds General fund 252,472 1177.8221 74,650 TOTAL FUNDS 252.472 1177,8221 74,650 RELATED PARTY DISCLOSURES There were no r8lated party tran8action$ for the year ended 31 March 2024. Page10
hriP Advail Mat-UK lement of Finan 31M 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donation8 and lega¢l8s Gifts Donatrons 120,594 104,643 120,595 104,645 In¥e8tmont Income Deposrf( account interest 17.250 9.982 Totsl Incornlng resourc08 137,845 114,627 EXPENDITURE Other Rates & Water Light & Heat Insurance Repairs & Renewals Legal & Professional fees Charitable Donation Fixtures and fittings Motor vehicles 4.290 12,253 5,033 12,769 2,725 2,600 3,827 2.701 3,462 14,264 4,958 13,979 10.646 1.720 4,252 3,012 46,198 56,293 Support costs Management Postage and stationery 1,391 435 Flnance Bank charges 72 137 Oth&r Travelling Exp Motor Exp Canteen Expenses 8,729 4,050 13,473 11,662 4,928 17,299 26,252 33,889 Othor 2 Sundries Carried fornvard 1,616 1,616 8,051 6,051 This page does not form part of the slalutory financial gtatements Page 11
Shri Paramhans Advail Mal-UK 31.3.24 31.3.23 othor 2 Brought forward Garden Maintenance Telephone 1,616 277 1.634 6,051 277 1,740 3,527 6,068 Governance costs Accountsn¢y and legal fees 780 780 Total resources expended 78,220 99,602 Not In¢om& 59,625 15,025 This page does not form part of the Statutory financial statements Page 12