REGISTERED CHARrrY NUMBER: 503030 ort of the Trust esan Financial Ststements for the Year Ended 31 Ma 2024 for Shri Krishan Mandir APM Accountants Limited 283 High Street, Smethwick Birmingham West Midlands B66 3NJ
hri Krishan Mandir Contents of the Fina for the Year Ended cial S 1Ma tem 24 Page Report of the Trustees Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the FinancAal Statements 5 to 10 Detailed Statement of Financial Activities 11
hri Krish n Man ir ort of the Trustees for the Year Ended 31 Ma 2024 The trustees present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by its governing docum8nt, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 503030 Prlnclpal address 123 Penn Road Wolverhampton WV3 ODU Trusteos M L Sharma (President) S Sabharwal S P Sharma B Bahri J Sharma J Kalia P N Puri rfreasurer) V P Jetley S Vaidya B Sharda V Khanna V Dhir Independent Examiner APM Accountants Limited 283 High Street, Smethwick Birmingham West Midlands 866 3NJ Approved by order of the board of trustees on behalf by.. 2924- and signed on its M L Shamia (President) - Trustee Page 1
nde endent Examinerfs Re hri Kri ir ort to the Trustees of Independent examinerfs report to the trustees of Shri Krishan Mandlr report to the charity trustees on my examination of the accounts of Shri Krishan Mandir (the Trust) for the year ended 31 May 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried Dut under Seclion 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the ACL Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to rny attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities {AGGounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a rnatter considered as part of an independent examination. I have no concems 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 ,(Y)uMJA APM Accountants Limited 283 High Street, Smethwick Birmingham West Midlands B66 3NJ Apm APM ACCOLFNTANTS LIMITED Chaner¢d Certified Accollnunts & Business Adviser5 283 High Strecl, Smetbwick B66 3NJ Bimi08h8m Office 'l-el.. 012160107i6 infonsaptn8ccouoiants.co.uk www.apoJaceowitants.co.uk Date: . Page 2
Shri Krishan Mandir tat ment of Financial Activities for the Year Ended 31 Ma 2024 31.5.24 Unrestricted fund 31.5.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 119,833 91,607 Investment income 4,749 220 Total 124,582 91,827 EXPENDITURE ON Raising funds 55,206 57,883 Other 17,080 16,800 Total 72,286 74,683 NET INCOME 52,296 17,144 RECONCILIATION OF FUNDS Total funds brought forward 1,022,159 1,005,015 TOTAL FUNDS CARRIED FORWARD 1,074,455 1,022,159 The notes fomi part of these financial ststements Page 3
hriKri han Mandir Balance Sheet 31Ma 2024 31.5.24 Unrestricted fund 31.5.23 Total funds Notes FIXED ASSETS Tangible assets 718,771 724,309 CURRENT ASSETS Debtors Cash at bank and in hand 12,500 347,178 12,500 286,098 359,678 298,598 CREDITORS Amounts falling due within one year (3,994) (748) NET CURRENT ASSETS 355,684 297,850 TOTAL ASSETS LESS CURRENT LIABILITIES 1,074,455 1,022,159 NET ASSETS 1,074,455 1,022,159 FUNDS Unrestricted funds 10 1,074,455 1,022,159 TOTAL FUNDS 1,074,45S 1,022,159 The financial statements were approved by the Board of Trustees and authorised for issue on ..Q..5. -..1.1.-..392..4-and were signed on its behalf by: M L Shanna (Presidentj- Trustee uri (Treasurer) - Trustee The notes fomi part of these financial statements Page 4
Shri Krishan Mandir otes to the Financial Statements for the Year Ended 31 Ma 2024 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial ststements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance 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) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly 8ttrsbuted to particular headings they have been allocated to activilies on a basis consistent with the use of resources. Tangible flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxatlon The charity is exempt from tsx on its charitable activities. Fund accountlng Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the tnjstees. Restricted funds can only be used for particular restrtcted purposes wthin the objects of the charity. Restrictions arise when specrfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 5 continued...
hri Kri n Mandir Notes to the Financial Stateme for the Year Ended 31 Ma 2024 INVESTMENT INCOME 31.5.24 31.5.23 Bank interest received 4,749 220 RAISING FUNDS Raising donations and legacies 31.5.24 31.5.23 Support costs 41,332 45,184 Investment management costs 31.5.24 31.5.23 Property repairs 5,485 3,333 Aggregate amounts 55,206 57,883 TRUSTEES, REMUNERATION AND BENEFITS There were no trust88s' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023. Trustees. expenses There were no trustees, expenses paid for the year 8nded 31 May 2024 nor for the year ended 31 May 2023. STAFF COSTS 31.5.24 31.5.23 Wages and salaries 17,080 16,800 17,080 16.800 The average monthly number of employees during the year was as follows: 31.5.24 31.5.23 Staff Number No employees reiVed emoluments in excess of £60,000. Page 6 continued...
hri Krishan Mandir Note to the Financial Statements- continued for the Year Ended 31 Ma 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestriGted fund INCOME AND ENDOWMENTS FROM Donations and legacies 91,607 Investment income 220 Totsl 91,827 EXPENDITURE ON Raising funds 57,883 Other 16,800 Total 74,683 NET INCOME 17,144 RECONCILIATION OF FUNDS Total funds brought fon4vard 1,005,015 TOTAL FUNDS CARRIED FORWARD 1,022,159 Page 7 continued...
Shri Krishan M ndir Notes to the Financial Statements- contin for he Year Ended 31 Ma 2024 TANGIBLE FIXED ASSETS Improvements Fixtures to and propety fittings Freehold propety Totals COST At 1 June 2023 Additions 649,026 22,210 244,276 2,850 915,512 2,850 At 31 May 2024 649,026 22,210 247,126 918,362 DEPRECIATION At 1 June 2023 Charge for year 191,203 8,388 191,203 8,388 At 31 May 2024 199,591 199,591 NET BOOK VALUE At 31 May 2024 649,026 22,210 47,535 718,771 At 31 May 2023 649,026 22,210 53,073 724,309 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.24 31.5.23 Other debtors 12,500 12,500 CREDITORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 31.5.24 31.5.23 Trade creditors Other creditors 3,244 750 (2) 750 3,994 748 10. MOVEMENT IN FUNDS Net movement in funds At 31.5.24 At 1.6.23 Unrestricted funds General fund 1,022,159 52,296 1,074,455 TOTAL FUNDS 1,022,159 52,296 1,074,455 Page 8 continued...
Shri Krishan Mandir Not to the Financial Statements - continued for the Year Ended 31 Ma 2024 10. MOVEMENT IN FUNDS . continued Net movement in funds, included in the above are as foll0v. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 124,582 (72,286) 52,296 TOTAL FUNDS 124,582 (72,286) 52,296 Comparatives for movement in fvnds Net movement in funds At 31.5.23 At 1.6.22 Unrestricted funds General fund 1,005,015 17,144 1,022,159 TOTAL FUNDS 1,005,015 17,144 1,022,159 Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended n funds Unrestricted funds General fund 91,827 (74,683) 17,144 TOTAL FUNDS 91,827 {74,683) 17,144 A current year 12 rnonths and prior year 12 months combined position is as follows: Net movement in funds At 31.5.24 At 1.6.22 Unrestrlcted funds General fund 1,005,015 69,440 1,074,455 TOTAL FUNDS 1,005,015 69,440 1,074,455 Page 9 continued...
Shri Kri han Mandir Notes to the Financial Statements- continued for the Year End 31Ma 2024 10. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in fvnds, included in the above are as follows: Incoming ReSoUrS Movement resources expended in funds Unrestrlcted funds G8neral fund 216,409 (146.969) 69,440 TOTAL FUNDS 216,409 (146,969) 69,440 11. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 May 2024. Page 10
Shri Krish n M ndir Detailed Statement of Financial Activi for the Year Ended 31 Ma 2024 31.5.24 31.5.23 INCOME AND ENDOWMENTS Donations and legacies Hall hire Donations Festival sales Gift relief Other income 2,491 87,474 18,931 9.218 1,719 5,000 71,340 11,925 3,342 119,833 91,607 Investment income Bank interest received 4,749 220 Totsl incoming resources 124,582 91,827 EXPENDITURE Other trading activities Depreciation of tangible fixed assets 8,389 9,366 Investment management costs Propety repairs 5,485 3,333 Other Wages 17,080 16.800 Support costs Management Insurance Light and heat Telephone Postage and stationery Household Cleaning costs Sundry and Festival Expenses 2,825 22.626 852 10 3,016 10,169 2,678 25,820 1,029 5,131 8,849 39,498 43,507 Finance Bank charges 227 Governance costs Accountancy and legal fees 1,450 1,450 Total reSoUrS expended 72,286 74,683 Net income 52,296 17,144 This page does not fomi part of the statutory financial statements Page11