‘REGISTERED CHARITY NUMBER: 503030
Report of the Trustees and
Financial Statements for the Year Ended 31 May 2025
for
Shri Krishan Mandir
APM Accountants Limited 283 High Street, Smethwick Birmingham West Midlands B66 3NJ
Shri Krishan Mandir
Contents of the Financial Statements for the Year Ended 31 May 2025
| Page | Page | ||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| DetailedStatementofFinancialActivities | 11 |
Shri Krishan Mandir
Report of the Trustees for the Year Ended 31 May 2025
The trustees present their report with the financial statements of the charity for the year ended 31 May 2025. 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
Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 503030
Principal address 123 Penn Road Wolverhampton WV3 ODU
Trustees M L Sharma (President) S Sabharwal S P Sharma B Bahri J Sharma J Kalia P N Puri (Treasurer) VPS VaidyaJetley (Deceased)) 25-07-2025 B Sharda V Khanna V Dhir
Independent Examiner
MANOJ KUMAR MUNJAL FCCA
APM Accountants Limited 283 High Street, Smethwick Birmingham West Midlands B66 3NJ
Approved by order of the board of trustees on OLLI. 2.9.2 Eo crs and signed on its behalf by:
hows ML Sharffia (President) - Trustee
Page 1
Independent Examiner's Report to the Trustees of Shri Krishan Mandir
Independent examiner's report to the trustees of Shri Krishan Mandir | report to the charity trustees on my examination of the accounts of Shri Krishan Mandir (the Trust) for the year ended 31 May 2025.
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’).
| 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 | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my 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
2: the accounts do not accord with those records; or 3; 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 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.
| have no concerns 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.
OJ KUMAR MUNJAL FCCA
APM Accountants Limited 283 High Street, Smethwick Birmingham West Midlands B66 3NJ
Date: BN B22
Page 2
Shri Krishan Mandir
Statement of Financial Activities for the Year Ended 31 May 2025
----- Start of picture text -----
||||||
|---|---|---|---|---|
|31.5.25|31.5;24|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|130,828|119,833|
|Investment|income|2|3,548|4,749|
|Total|134,376|124,582|
|EXPENDITURE|ON|
|Raising|funds|3|58,691|55,206|
|Other|18,584|17,080|
|Total|77,275|72,286|
|NET INCOME|57,101|52,296|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought|forward|1,074,455|1,022,159|
|TOTAL|FUNDS|CARRIED FORWARD|1,131,556|1,074,455|
----- End of picture text -----
The notes form part of these financial statements
Page 3
Shri Krishan Mandir
Balance Sheet 31 May 2025
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|31:08:25|31.5.24|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|T|715,823|718,771|
|CURRENT ASSETS|
|Debtors|8|12,500|12,500|
|Cash|at|bank and|in|hand|407,536|347,178|
|420,036|359,678|
|CREDITORS|
|Amounts|falling|due|within|one|year|9|(4,303)|(3,994)|
|NET CURRENT ASSETS|415,733|355,684|
|TOTAL|ASSETS|LESS|CURRENT|
|LIABILITIES|1,131,556|1,074,455|
|NET ASSETS|1,131,556|1,074,455|
|FUNDS|10|
|Unrestricted|funds|1,131,556|1,074,455|
|TOTAL FUNDS|1,131,556|1,074,455|
----- End of picture text -----
The financial statements were approved by the Board of Trustees and authorised for issue on “Dp taf 20 BS.............. and were signed on its behalf by:
ML Sharma (President) - Trustee
----- Start of picture text -----
P N Puri (Treaster) -- Trustee
----- End of picture text -----
The notes form part of these financial statements
Page 4
Shri Krishan Mandir
Notes to the Financial Statements for the Year Ended 31 May 2025
- .ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements 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. Expenditure 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 attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified 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...
Shri Krishan Mandir
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.5.25 | 31.5.24 | ||
| Bank interest received | £ 3,548 |
E 4,749 |
|
| 3. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 31.5:25 | 31.5.24 | ||
| Support costs | £ 42,071 |
x 41,332 |
|
| Investment management costs | |||
| 31:5.25 | 31.5.24 | ||
| Property repairs | £ 8,752 |
£ 5,485 |
|
| Aggregateamounts | 58,691 | 55,206 |
- TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
- STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.5.25 | 31.5.24 | |
| £ | £ | |
| Wages and salaries | 18,584 | 17,080 |
| 18,584 | 17,080 | |
| The average monthly number ofemployees during the yearwas as follows: | ||
| 31.5.25 | 31.5.24 | |
| StaffNumber | 2 | 2 |
No employees received emoluments in excess of £60,000.
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continued...
Shri Krishan Mandir
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
| 6. | COMPARATIVES FORTHESTATEMENT OF FINANCIALACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOMEAND ENDOWMENTS FROM | ||
| Donations and legacies | 119,833 | |
| Investment income | 4,749 | |
| Total | 124,582 | |
| EXPENDITURE ON | ||
| Raising funds | 55,206 | |
| Other | 17,080 | |
| Total | 72,286 | |
| NETINCOME | 52,296 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 1,022,159 | |
| TOTAL FUNDS CARRIED | ||
| FORWARD | 1,074,455 |
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continued...
Shri Krishan Mandir
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
| T. | TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Improvements | Fixtures | |||||
| Freehold | to | and | ||||
| property | property | fittings | Totals | |||
| COST | £ | FE | £ | £ | ||
| At 1 June 2024 Additions |
649,026 - |
22,210 - |
247,126 4,921 |
918,362 4,921 |
||
| At 31 May2025 | 649,026 | 22,210 | 252,047 | 923,283 | ||
| DEPRECIATION | ||||||
| At 1 June 2024 Charge for year |
- - |
- - |
199,591 7,869 |
199,591 7,869 |
||
| At 31 May 2025 | - | - | 207,460 | 207,460 | ||
| NET BOOK VALUE | ||||||
| At 31 May2025 | 649,026 | 22,210 | 44 587 | 715,823 | ||
| At 31 May2024 | 649,026 | 22,210 | 47,535 | 718,771 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | ||||
| 31.5.25 | 31.5.24 | |||||
| £ | £ | |||||
| Other debtors | 12,500 | 12,500 | ||||
| 9. | CREDITORS: AMOUNTS FALLING | DUE WITHIN ONE YEAR | ||||
| 315.25 | 31.5:24 | |||||
| £ | £ | |||||
| Trade creditors | 3,553 | 3,244 | ||||
| Other creditors | 750 | 750 | ||||
| 4,303 | 3,994 | |||||
| 10. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At 1.6.24 | in funds | 31.5.25 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 1,074,455 | 57,101 | 1,131,556 | |||
| TOTALFUNDS | 1,074,455 | 57,101 | 1,131,556 |
Page 8
continued...
Shri Krishan Mandir
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
- MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | __ | in funds | |
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 134,376 | (77,275) | 57,101 | |
| TOTAL FUNDS | 134,376 | (77,275) | 57,101 | |
| Comparatives formovement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.6.23 | in funds | 31.5.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 1,022,159 | 52,296 | 1,074,455 | |
| TOTALFUNDS | 1,022,159 | 52,296 | 1,074,455 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 124,582 | (72,286) | 52,296 |
| TOTALFUNDS | 124,582 | (72,286) | 52,296 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.6.23 | in funds | 31.525 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,022,159 | 109,397 | 1,131,556 |
| TOTALFUNDS | 1,022,159 | 109,397 | 1,131,556 |
Page 9
continued...
Shri Krishan Mandir
Notes to the Financial Statements - continued for the Year Ended 31 May 2025
10. MOVEMENT IN FUNDS- continued
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 | |
|---|---|---|---|
| resources | expended __ | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 258,958 | (149,561) | 109,397 |
| TOTALFUNDS | 258,958 | (149,561) | 109,397 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2025.
Page 10
Shri Krishan Mandir
Detailed Statement of Financial Activities for the Year Ended 31 May 2025
| Detailed Statement of Financial Activities for the Year Ended 31 May 2025 |
||
|---|---|---|
| 31.5.25 | 31.5.24 | |
| £ | E | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Hall hire Donations Festival sales Gift relief Otherincome |
5,250 94,170 22 354 5,429 3,625 |
2,491 87,474 18,931 9,218 1,719 |
| 130,828 | 119,833 | |
| Investment income | ||
| Bank interest received | 3,548 | 4,749 |
| Total incoming resources | 134,376 | 124,582 |
| EXPENDITURE | ||
| Other trading activities | ||
| Depreciation oftangible fixed assets | 7,868 | 8,389 |
| Investment management costs | ||
| Property repairs | 8,752 | 5,485 |
| Other | ||
| Wages | 18,584 | 17,080 |
| Support costs | ||
| Management | ||
| Insurance | 2,910 | 2,825 |
| Light and heat | 25,053 | 22,626 |
| Telephone | 306 | 852 |
| Postage and stationery | 30 | 10 |
| Household Cleaning costs | 345 | 3,016 |
| Sundry and Festival Expenses | 11,563 | 10,169 |
| 40,207 | 39,498 | |
| Finance | ||
| Bank charges | 414 | 384 |
| Governance costs | ||
| Accountancy and legal fees | 1,450 | 1,450 |
| Total resources expended | 77,275 | 72,286 |
| Netincome | 57,101 | 52,296 |
This page does not form part of the statutory financial statements
Page 11