This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED CHARITY NUMBER: 511166

Report of the Trustees and Financial Statements

for the Year Ended 31 December 2020

for

The Community of the Many Names of God

Ashmole and Co. Chartered Certified Accountants and Statutory Auditors Williamston House 7 Goat Street Haverfordwest Pembrokeshire SA61 IPX

| |

The Community of the Many Names ofGod

| |

Contents of the Financial Statements for the Year Ended 31 December 2020

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Page| |Report of|the Trustees|1|to|15| |Report of the|Independent Auditors|16|to|18| |Statement of|Financial Activities|19| |Balance|Sheet|20|to|21| |Cash Flow Statement|ee| |Notes|to|the|Cash|Flow|Statement|Zo| |Notes|to|the|Financial|Statements|24|to|35| |Detailed|Statement|of Financial|Activities|36|to|37|

----- End of picture text -----

| | | | } |

| |

| | | | | | : | | |

| | | |

The Community of the Many Names of God for the YearReportEnded of the31 TrusteesDecember 2020

Legal and administrative information

The full name of the Charity is:

The Community of the Many Names of God. (Reg. charity no. 511166)

The Charity is a Trust and an Unincorporated Charity

The Working name of the Charity is:

Skanda Vale

The governing instrument of the Charity is a Trust Deed. The declaration of trust is dated 17th September 1980 and includes the Supplementary Declaration of Trust dated 9" February 2002 and the Supplementary Declaration of Trust dated 12" December 2015 and amendment by resolution dated 7" October 2017 and Deed of Variation dated 11" July 2020

The Charity constitutes a Board of Trustees. The maximum number of Trustees at any point in time is 11 of whom not less than 3 and not more than 6 shall be members of the community (monastic trustees), and not less than 2 and not more than 5 shall be persons who are not members of the community (lay trustees),

The Board of Trustees holding office in 2020 is as follows:

Swami Suryananda - (Michael Denis Begley) Chair

Swami Govinda - (Justin Raymond-Barker) Secretary Swami Premanataraj (Jakob Willi) Director of Finance Swami Narayana - (Kenneth Vivian) Swami Yogananda (Stefan Suter) Sister Ally (Allison Taber) Mrs, Kumi Ariyadasa Robin Rose Mani Govindan Anjna Chavda Mrs Aquila Muir (resigned 20"November 2020)

Method of Nomination and Appointment of Trustees

Every Trustee has power to nominate one or more Trustees. This is made and effected by a special resolution. A special resolution, meaning a resolution passed at a Trustees meeting supported by a majority of not less than two thirds of the Trustees voting.

Recruitment of New Trustees

The trustees would look to recruit new trustees to the board who are able to actively commit to participating in the administration of the charity and who demonstrate a keen interest in the charity’s affairs. The trustees aim to have a broad range of skill sets and combination of life and work experience represented on the board that is relevant to the operation of the charity. Trustees are recruited through personal recommendation of any of the existing board members. Representation from women and minority groups is welcome.

Any new trustee would be required to sign afit andproper person declaration, would be required to undergo a DBS check, and checks would be made on the persons eligibility to be a trustee- in particular that they are not disqualified from being a trustee. The trustees would also follow Charity Commission guidance on conflicts of interest CC29 to ensure appointments follow best practice.

wlth

| | |

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

Training of new trustees

It is one ofthe current trustees responsibility to ensure all new trustees are given a copy of the charity’s governing documents and relevant online guidance from the charity commission regarding the key responsibilities of trustees in an induction pack. They are brought up to speed with the key projects of the charity, financial matters and any other current relevant issues of the charity. They are given copies of historical trustees minutes and encouraged to discuss all aspects of the charity with current trustees on an informal basis to gain familiarity with the affairs of the charity.

The principal address of the Charity is:

Skanda Vale, Llanpumsaint, Carmarthenshire SA33 6JT

Relevant Organisations

Bankers; CAF Bank Ltd., Kings Hill, West Malling, Kent ME19 4TA Lloyds Bank Lid., 43 King Street, Carmarthen SA31 [BW

Auditors: Ashmole & Co, The Old School, The Quay, Carmarthen SA31 3LN

Insurance Brokers: Endsleigh Insurance Brokers, Hadley House, Shurdington Road, Cheltenham, GL51 4UE

Solicitors: Stone King, 13 Queen Street, Bath, BA] 2HI

Restrictions Imposed by Governing Instruments Concerning the Operation of the Charity

1) The Trustees shall hold at least 4 Ordinary Meetings in each year, at least one in every quarter.

2) The objects of the trust shall only be promoted in such a way as to benefit the public

3) Every matter at any meeting of the Trustees shall be determined by the majority of votes of the Trustees voting on the matter. In the case of equality of votes, the Chairman shall have the casting vote whether he has or has not previously voted. The Trust Deed provides for stricter minimum quorum requirements for other specific matters therein.

4) A Minutes Book shall be provided and kept by the Trustees and the proceedings and resolutions of any meeting shall be evidenced therein.

5) The Trustees may open and maintain bank accounts in the Charity's name operated by at least two Trustees nominated by the Board of Trustees.

6) The Trustees shall provide books of accounts in which shall be kept all proper account of all money received and paid for the purpose of the Charity.

7) No Trustees shall take or hold any interest in any property subjected to the Deed of Trust otherwise than as a Trustee for the purposes provided by the Deed, or be interested in the supply of work or goods at the cost of the Charity,

8) The property subject to the Trust Deed or the income thereof shall not in any case be applied for any purpose not falling within the purposes declared by the Deed.

Trustees holding the title to property belonging to the charity

A Memorandum of retirement and appointment of property trustees dated 30" October 2017 appointed the following trustees to hold the title to all property belonging to the charity. All charity Land registry deeds were updated accordingly.

Swami Govinda (Justin Raymond ~ Barker) Swami Narayana (Kenneth Charles Vivian) Swami Suryananda (Michael Denis Begley)

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

Summary of specific investment powers

The Trustees may invest any money requiring investment in or upon any investment for the time being authorised by law for the investment of trust funds or in the purchase of freehold or leasehold Jand in Great Britain, provided that in relation to any purchase of freehold or leasehold land the Trustees shall obtain and consider expert advice as to the value and suitability thereof and shall not invest more than one half ofthe funds available for investment therein.

Objectives of the Charity 1) To promote, for the benefit of the public, the public worship of God in his Universality in accordance with the spiritual teachings of Krishna as set out in the Bhagavad-Gita, at the Hindu Temple maintained by the Community at Skanda Vale or any other places of public worship maintained or used by the Community. 2) To advance religion and religious education by propagating to the public the said spiritual teachings about the worship of God in his Universality, 3) To maintain a community of people living together in accordance with the aforesaid spiritual teachings as a religious community promoting such public worship both at the temples maintained by the Community and elsewhere, offering shelter, hospitality and spiritual refreshment and where relevant relief from poverty to those who by reason of penury, physical disability or any form of mental or spiritual breakdown are in need of such refuge without regard to race or creed, sending out members of the Community to provide spiritual refreshment and spiritual advice to members of the public who are for the foregoing reason in need of such refreshment or advice and assisting in the rehabilitation of alcoholics, drug addicts or delinquents who are in need of such rehabilitation. 4) To relieve the poverty of deserving persons who are in need and to support by donations and otherwise charitable institutions for the reliefof poverty. 5) To relieve the sickness and suffering and to promote the spiritual well-being of persons of all ages requiring palliative, specialist and medical care by the provision of home care and hospice care for both day patients and resident patients. Public Benefit The Trustees review on an ongoing basis the policies and activities of the charity to ensure they continue to adhere to the objectives of the Charity taking into consideration both Charity Commission general guidance on public benefit and the Commissions supplementary guidance on the advancement of religion for the public benefit. Policies for Furtherance of Objectives Public Worship The Community of the Many Names of God is committed to holding and facilitating daily public worship in the three Temples maintained at Skanda Vale, promoting religious harmony to the public. In the main Temple the world's major religions are represented and treated with equal reverence and respect. Throughout the year major festivals of different religions are celebrated in the Temples. Members of the public are given every possible opportunity to take part in the devotions to God in the Temples, irrespective of their religious beliefs, race or creed. Development of Facilities and Services Emphasis is placed on extending hospitality to all members of the public coming to Skanda Vale. The Community has an ongoing program to maintain and improve facilities at the monastery to adequately support the orderly running of an organisation that caters for an annual congregation of 90,000 visiting pilgrims. The resident Monastic and lay Community The Charity fully supports, sustains and develops the resident monastic Community of 22 monks and nuns and a small resident lay Community based at Skanda Vale, providing accommodation and reasonable, modest personal needs. It is through the spiritual practice, dedication and Commitment of[the][ resident][ Community][ that][ the][ work][ of][the][ charity][is][ manifest] and realised, It is a fundamental principle that the work done by the resident Community is on a purely voluntary basis, No -3-

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

member of the Community or trustee receives any remuneration whatsoever for any work done or services provided. The vast majority of the daily running of Skanda Vale monastery is done by the monastic community and volunteers:

Maintenance of the Temples and provision of Temple services, provision of food and accommodation for visiting pilgrims, caring for the animals and monastery grounds, counselling and supporting members of the public and administration of the charity,

In addition to this the members of the community volunteer substantial time in significant roles at Skanda Vale Hospice.

Education

The Community makes every effort to engage with pilgrims and their families through dialogue and “satsang” drawing upon the spiritual inspiration and experience of our lives educating people on how to develop a living, vibrant partnership with God. Educational visits are welcomed, providing an opportunity for the wider public to learn about the life and work of the Community in the context of our spiritual life,

Direct Food Aid and Charity support

The charity continues to work with local, national, and international charities through supplying direct food aid for distribution.

Skanda Vale Hospice

One of the core objectives of the charity has been to provide and develop a palliative care service for people diagnosed with a life threatening illness. Towards this the charity developed a 6 bed hospice in Saron Carmarthenshire

The trustees sought legal advice with regards to the most appropriate governance structure and legal entity to run the new Hospice service. It was decided to form a new Charitable Incorporated Organisation, Skanda Vale Hospice CIO (SVH CIO), which became registered with the Charity Commission on 22" March 2016 number 1166180, Operational running of the hospice transferred to the new CIO in July 2016.

To ensure that SVH CIO would operate following the ethos of the existing charity, safeguards were put in place in the constitution regarding the appointment of trustees. The CIO would have a maximum number of 13 trustees. The chairman, ex officio trustee would be the chairman of The Community of the Many Names of God (CMNOG), 2 life trustees would be appointed by the CMNOG board from the monastic community, up to 4 Nominated trustees would be appointed by the CMNOG board from the monastic community of whom 1 could be a lay member. Up to 6 trustees, the appointed trustees would be nominated by the CIO board. This enabled trustees with particular expertise and interest in palliative care to be appointed to SVH CIO to work alongside the monastic trustees. In addition to this, the objects of SVH CIO were drafted to be closely aligned with CMNOG object on palliative care.

It is the intention of CMNOG to continue to fulfil its object in relation to the provision of palliative care through direct and continued support primarily through our commitment to provide the core volunteer staff for the hospice and to work closely with SVH CIO on fundraising and volunteering initiatives. CMNOG will also from time to time make financial donations to SVH CIO at the discretion of the trustees.

The Main Hospice building in Saron is owned by CMNOG and leased to SVH CIO ona 50 year rolling lease for peppercorn rent of £] per anum. To provide certainty of P'unding, a Licence agreement for the CIO to use the Hospice Fundraising area in Skanda Vale has also been agreed with no rent payable, A charity shop in Newcastle Emlyn which opened in January 2017 is also owned by CMNOG and leased to the CIO on a peppercorn rent of £1 per anum to provide a sustainable cost effective source of income for the hospice service. In 2020 CMNOG donated £57,408 in funds to the CIO.

There are several fundamental principles based on the spiritual teachings of God, as set out in the Bhagavad-Gita, to which all aspects of the Community's life and work adhere.

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2026

God is free There is no place for commercialism in Skanda Vale. There is no charge to any member of the public for food, accommodation, Temple services, advice, counselling, and care provided by members of the Community in any aspect of the Charity's work. It is a fundamental principle of the Community never to ask for, infer the need of, or solicit in any way, funds or goods for the use of the Community at Skanda Vale. Donations and gifts in kind including the substantial amount of food stuffs that are brought to the Community are offered anonymously in the Temples to God and are used in the service of God for the benefit of the public. Devotees are thus able to worship God free from the feeling of being expected to provide goods or money to the Community. Opportunities for the public to financially support the Hospice work of the charity are created in Skanda Vale by the provision of a tea stall and gift emporium where goods are available on a donation basis to pilgrims. In addition the work of the Hospice is supported by fundraising events and activities where all funds raised are treated as restricted and applied for the Hospice part of the charity’s work.

Skanda Vale is a sanctuary for life.

Worship of God in his Universality is recognising and serving the embodied divinity in all of life and creation. The many animals and plants that are part of the Community provide an opportunity for both the monastic Community and the general public to discover and serve God not only in fellow human beings but also in all aspects of life and nature. It is therefore a policy of the Charity to provide all necessary facilities, veterinary care, feed, and any other related items to ensure all animals under the care of the Community receive the highest possible quality of[life][ from][their][ birth,][ through][life,][ health][ and][ sickness,] to their natural death.

Organisation of the Charity

The Charter of the Community, the monastic rule of the Order, is the basis on which the Charity is ran and organised. All monastic members of the Community have to abide by the Charter which has been drawn up and evolved through experience, by the Council of Swamis. The monastic Community consists of novices, monks, nuns and swamis, The Council of Swamis is a group of five senior monastics responsible for ensuring the smooth running of the Community on a daily basis, meeting weekly to discuss the changing needs and developments necessary to further the work of the Community, discussing and addressing the problems and difficulties that come to light in creating a harmonious environment for the worship and service of God. The members of the Swamis Council holding office in 2020 were, Swami Govinda, Swami Suryananda, Swami Narayana, Swami Yogananda and Swami Premanataraj.

Every quarter the Trustees of the Community meet to discuss overall policy, financial position, projects and matters relating to the Community on a wider scale. All current members of the Swamis council are Trustees of the Community and hold the positions of Chairman, Secretary and Director of Finance. As such the Trustees are able to maintain clarity of vision and purpose in adherence to the spiritual teachings of Krishna which form the hasis of the Declaration of Trust for the Charity. Consultation and discussion with the lay Trustees, not only in the meetings but on a regular informa! basis throughout the year, helps to enrich the breadth and perspective of the trustee body as a whole, All trustees are consulted and a majority consensus sought prior to acting on avy matter judged significant by the Swami's Council that may affect the Charity’s financial position or ability to fulfil its objectives. The charity observes a strict internal financial control policy submitted as part of our annual audit.

Major Events, Progress and Achievements of the Charity throughout the Year

Impact of COVID pandemic and actions taken to ensure both the viability and safety of the charity, ashram and resident Community.

Following government guidelines and with regard to public safety and the wellbeing of the resident Community, Skanda Vale Temple closed to the public on 23 March 2020. We have reopened the ashram gradually to limited visitors on a pre booked basis from Mid-April 2021, slowly increasing the availability of slots and numbers throughout 2021 in line with the lifting of social restrictions, changing COVID legislation and the roll out of the COVID vaccination program in both England and Wales. Significant precautions were introduced for visitors to ensure their safety when visiting on pilgrimage.

Devotees are still required to wear face coverings in all indoor spaces, Pilgrims can book to attend the Sri Ranganatha Temple each day as the Temple is in an outdoor setting. Pilgrims that book for the Murugan 1,30 service or the Shakti Temple 6pm service participate by video stream of the service from an adjacent marquee then entering the Temple directly at the end of the service in managed numbers.

The Community of the Many Names of God Report of the Trustees for the Year Ended 31 December 2020

We currently offer the opportunity for 75 pilgrims per slot to book. There are three slots per day from Monday to Friday and five slots per day at weekends. We do not currently envisage being able to completely open as pre covid but are monitoring the situation continually.

Just prior to closing, the trustees undertook a comprehensive review of expenditure and assessment of potential income in order to ensure the financial viability of the charity. Expenditure was reduced significantly in all non-essential areas. Income, expenditureand cash flow was monitored regularly to enable the charity to respond effectively in a timely manner.

We were fortunate to receive a significant increase in online donations with members of the public expressing gratitude for our efforts to help them connect to the temples.

We received regular donations from several individuals to cover weekly food bills for the resident community, and a couple of large donations to help pay our monthly running costs for the ashram.

We received consent from a significant donor to lift the restriction on £50,000 of funds that had been originally donated (in 2020) to provide toilet facilities. The donor agreed for the funds to be used without restriction for any of our charitable activities.

How our Activities deliver public benefit

Public Worship and spiritual support and education

Following lockdown, the Community continued to conduct daily public worship at the three Temples at Skanda Vale throughout the year.

We were unable to host educational groups at the ashram as in previous years however developed arrange of online resources for support.

Significant efforts were focused on streaming live services from the Temples on a daily basis to provide much needed spiritual nourishment for our large congregation,

Our website was adjusted to give priority focus on enabling members of the public to easily submit on line prayer requests that would be offered by the resident community in the Temples

We increased our online content such as video footage of key festivals and services

We set up several What’s app groups to post regular content and information to devotees

We developed a volunteer team working remotely to transcribe and prepare content for our online forums

We set up a “need to talk” service for people to book a telephone appointment over our website with a community member. We conducted regular online satsangs alongside out team in Switzerland, to which members of the public could actively participate.

We launched a new website https://www.sanatanadharma,global/ to make the teachings of our founder Guru Subramanium and sanatan dharma more widely accessible.

We continued to ran Soma Skanda Ashram in Switzerland opening there for public worship in line with Swiss Government regulations. We were not able to change the monastic teams regularly duc to travel restrictions however the Temple services continued to be conducted and significant online spiritual support was provided to pilgrims through posts, videos and satsangs

The Community of the Many Names of God Report of the Trustees for the Year Ended 31 December 2020

Facility and Infrastructure improvements

Car Park

Full planning consent was received for a new car park in June 2019, Once the financial position of the community had stabilised we were able to develop the first phase of the car park using contractors. The work was substantially completed by July 2020 with an overall cost of £50,344, The project has been a great success, the Temple precincts are now oceasily.aa ised, pilgrims find it much easier to park and we are able to manage the various practical covid requirements more

Work Shop

Work began on a complete refurbishment and modernisation of the tool shed and store shed at the top Temple site to create a single space that can be used as a workshop. Significant use was made of our own timber in the project. By year end £1799 had been invested in the project

Vegetable Garden

We developed our vegetable garden at the ashram to provide sustainable fresh vegetables for the community and flowers for the temples, reducing our reliance on offered (donated) vegetables and flowers normally provided by visiting pilgrims or purchased.

Sanctuary and Service to life

The Community made it a priority to be able to continue to provide a home and care for all the various animals in the ashram despite the significant drop in income that we experienced due to COVID.

Volunteering

The 25 strong full time resident community is unpaid, volunteering around 75, 000 hours over the year in total as an act of service to God. This work continued throughout the pandemic in running and maintaining the Temples, ashram estate of 300 acres and animals in our care.

In addition, approximately 6,500 hours were provided by volunteers working remotely. A coordinated rolling team of25 to 30 transcribers ,translators, picture and video editors have volunteered throughout the year compiling and preparing content for our online forums.

Direct Food Aid

Major donations from our food aid program were halted in 2020 to both conserve resources for the resident community and to be in a position to help individuals in greatest need.

With no resources coming in throughout 2020 we significantly ran our food stocks down just providing for the resident community and ashram needs, However we were able to support a small number of local groups and individuals in significant need donating in total approximately four tonnes, In 2019 we had donated 34.56 tonnes to a range of charities and food banks working locally, nationally and internationally.

From autumn 202] we have been able to relaunch our food aid program once again.

Financial Review

General Comments on SOFA and Balance Sheet

The Charity operates both general unrestricted Funds were funds can be used for any of the charitable objectives of the charity without donor restriction and Restricted Funds were funds are held in a variety of specific funds following donor

oie

| |

The Community of the Many Names of God Report of the Trustees for the Year Ended 31 December 2020

restrictions , Where grants have been received they are included in restricted funds unless they have been donated towards unrestricted charity funds. Details of the charity’s specific funds can be found in the notes to the accounts, The charity also holds permanent endowment funds were in the charity’s case the asset (land) has to be used for the purposes of the charity and cannot be sold or disposed of.

Unrestricted Funds

There was a decrease in overall income to the charity unrestricted funds from £415,779 in 2019 to £270,380. This significant fall was due to the ashram closing to public visitation for the majority of the year including the very busy summer period, Cash income through onsite donation boxes fell from £291,270 in 2019 to £27,010 in 2020.

Total Community expenditure of unrestricted funds on charitable activities at £324,638 was a decrease of £57,392 on the previous year’s figure of £382,030. This was primarily due to a concerted attempts to cut costs across the board as part of our financial management of the COVID situation.

At year end £148,963 of unrestricted funds was held in cash in various accounts,

Restricted Funds

There was an increase in overall restricted income from £36,320 in 2019 to £48,434 in 2020

Overall restricted fund expenditure of £118,604 was an increase on £91,019 in 2019

At year end £38,685 of restricted funds was held in cash in various accounts.

Major developments since year end

Building ofphase 2 of Car Park for visitors on lower ashram site began in September 2020. It is anticipated to be substantially complete by mid October 2020.

Planning for the 50 Anniversary of Skanda Vale June 2023 has begun, including the development of ideas for a Shirdi Sai Shrine to be located in the lower ashram site, A large VEL to be installed overlooking the Sri Ranganatha Temple and the conversion of the old barn adjacent to the Shakti Temple into a hall celebrating Guru Subramanium (our founder) life and teachings.

Funds and Reserves

At 31,12,2020 the charity held £5,191,140 of[total][funds.]

Of these funds £2,614, 159 was held in restricted funds not available for the general purposes of the charity.

A further £440,000 is held as permanent Endowment and as such not available for the general purposes of the charity. These funds are all held as tangible fixed assets with a donor restriction that they cannot be disposed of. £2,136,981 of charity funds are held as unrestricted funds of which £1,979,310 are held as tangible fixed assets. This’ leaves £157,671 | At year-end 2020, of the available unrestricted funds that are not held as tangible fixed assets £9,656 was held in designated | funds for the development of the car park and £5000 in designated funds for replacement vehicle

The Community of the Many Names of God

| The Charity Trustees have given consideration Charity Trustees have given consideration Trustees have given consideration have given consideration given consideration consideration to the major the major major risks to which to which which the charity charity is exposed that systems systems or procedures procedures are established in order to manage manage those risks | | The Principal Risks and uncertainties facing the charity as identified by the trustees

| The trustees have considered the following areas to help identify the risks to the charity: | ® The charity’s objectives charity’s objectives objectives

Report of the Trustees for the Year Ended 31 December 2020

Free Reserves at year end 2020

This leaves a free cash reserve of £143,015 at year end 2020

The trustees have reviewed the Charity’s needs for reserves in line with the SORP (FRS102) and in consideration of ongoing significant uncertainty with regards to COVID The trustees have revised the charities reserves policy to make it more responsive to fluctuations in income over any twelve month rolling period

Tier 1 ‘cash flow reserves’ are to ensure there is sufficient cash flow available to guarantee the day to day running of the charity. They are calculated prior to cach trustees meeting (minimum quarterly) and are equal to the projected income/ expenditure deficit over the following 12 month period.

This amount is then added to tier 2 and tier 3 reserves

Tier 2 ‘running cost reserves’ are to safeguard the charity through periods of unexpected difficulties. The running cost reserves are currently set at £40k- this figure is reviewed each trustees meeting

Tier 3 ‘survival reserves’ are to enable the charity to survive unexpected severe financial challenges. The survival reserves are currently set at £60K — this figure is reviewed each trustees meeting

Generally minimum reserves (tier 2+tier 3 kept) subject to there being no forecast deficit over the following 12 months, equals £100k.

Risk Statement

The Charity Trustees have given consideration Charity Trustees have given consideration Trustees have given consideration have given consideration given consideration consideration to the major the major major risks to which to which which the charity charity is exposed and satisfied themselves that systems systems or procedures procedures are established in order to manage manage those risks

Identifying Risk

® The charity’s objectives charity’s objectives objectives e The delivery of project outcomes that need to be achieved ® ‘The nature and scale of our activities
® The operating structure of our organisation « External factors such as regulation, legislation and registration

The following table summarises the risks, their potential impact and the plans and strategies that the trustees have implemented to mitigate the risks:

Rie

The Community of the Many Names of God

| ||

| | |

Report of the Trustees for the Year Ended 31 December 2020

Govenncetishe= =er	a SSee eeSEG aes SeeetS	a SSee eeSEG aes SeeetS
Trusteebody lacks skillsand confidence	Toomany bigdecisions inthehands	Trusteesneed trainingtoboost ofafew individuals. confidencetotakeownership and
		initiative overproject /tasks.
Lossofkey staff	Operational impacton charity	Comprehensive, accessible and secure
		filingsystemwith full backup
		Key roles and responsibilities
		understudied
Overload ofkey staff	Trustees unable to fulfill	Sharing responsibilities and annual
	responsibilities effectively	review oftrustee roles. Quarterly risk
		review.
Reporting to trustees - accuracy,	Lack oftime to review information	Timely and accurate projectreporting.
timeliness and relevance.	andformulateanappropriate	Regular contactbetween trustees and
	response,	seniorstaff, to spreadworkload if
		necessary.
ce2a Legalstructure ofthe charity	aeSeeeePeSieeeBesaree Potential liability oftrusteesand loss	Settingupacharitable incorporated ofkeyfixed assets organisation torun the hospice, leaving
		the assets protected in the charitable
		trust.
Project or service development	Fundingand financial viability	Clear prioritizing ofprojectswithin
	Project& staffingviability	organization Ensurerealistic allocation ofboth,	‘
		financial and human resources
	Compatibility with priorities	Ensurecommunication filters effectivelythroughouttheorganization, ensuringrapidresponse todeveloping pressures
		Promotingawareness that thesuccessof
		hospice relies on the successofSkanda
		Vale

oti.

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Building|and|site|security|Loss|or damage of equipment|(IT,|CCTV| |Fixtures and|fittings)| |Theft|Facility management procedures|for day| |and|night times| |Loss|of critical|data,|breach|of|Create|asset register|for|insurance| |confidentiality|(especially|IT)| |Review|insurance|cover| |Provide|lockable|filing|and|archiving| |cupboards| |Have|safe|custody|arrangements|for title| |documents|and|land registry,|keep| |copies|of documents|at Skanda|Vale| |Volunteers|Inexperienced|volunteer|staff,|Define|clearly|structured job|roles|for| |all|volunteer|tasks| |Lack|of competency|/ support|Provide|adequate|training|according to| |designated job role| |Inadequate|training|for|role|Supervision|procedure| |Irregular|attendance,|unreliable| |Induction|training,|induction|time by| |Equal|opportunities|issues|senior|staff| |Health,|safety|and|environment|Liability|claims|Comply with|law|and|regulations| |Injury|to|staff and|the public| |Illness,|infections|Staff and|volunteer|training|in H&S| |policies|and|procedures,|care and|food| |hygiene|standards| |:|Reporting|and|monitoring|procedures| |(accidents,|defects)| |Review|insurance|cover| |Disaster recovery|and planning|Computer|system|failure,|data|loss|Agree emergency|arrangements| |Document IT recovery|plan,|Review| |data|backup|procedures| |Review|insurance|cover| |Destruction|of property and|records| |through elemental|damage|Agree|facility management|procedure| |Loss|of mains|supplies|and|service|/ maintenance|procedures| |for backup|utilities|

----- End of picture text -----

} | | | |

| |

militia

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

eeeee ieee a	eeeee ieee a	eeeee ieee a	eeeee ieee a	[moenmE	[moenmE
Information Technology				oss /corruptionofdata	Forrecoveryand backupseechapter
					disasterrecovery
				breach ofdata protection laws	Documentmeasures to secure and
				cludingGDPR	protect dataUpdate documentation of
					IT network. Undertake internal GDPR
					compliance audit
				navailability of ITnetwork	Agree to plan fornetwork redundancy
					Keep hard copies ofessential records in
				Jnable torun charity efficiently,	secure filing system
				nternal communication breaks down
JROUUNGesooSlee			SleeSSS eo ee Nie£2oe6 72Ses
Budgetary control and reporting		financial		Inability ofhavingfundingavailable forlevel ofservicecommitment
				made	meetings
				Delayedrecognition ofdrop in	Conservative approach to income
				voluntary income	forecast and growth for grant /fund
					income
Reserves policy				Lack offunds or liquidity	Regularly review reserves policyand
	:				status
				Allow reserves forwhen funding	Review cash flow and liquidity
				might be withdrawn
Cashflowsensitivity				Impactonoperational activities	Ensureadequatecashflowprojections
					Identify cash flow peaks, compare with
				Lack ofliquidity tocovervariance in
				costs
Dependencyon income sources				Cash flowand budgetimpactheavily
				dependenton voluntary income
				through Skanda ValeTemple	Consider diversification plans
Investment policy				Financial loss through lack of	Review investments policy
				investment advice, lack ofdiversity
				Cash flow difficulties arisingfrom
				lackofliquidity	Ensure investments canbe freed
					accordingtoproject forecasts
“Bavironiienakonextemal factotg			heeSee eeeeeRee SSeeBe
Public perception				Impacton charitable income	Agree earlydatacollection system for statistics and evidence
				Ability to access grantor contract	Agreeon targeted future service
				funding	agreements
				Supportfrom otherhealth care providers

| | | | | | | | | | }

~12-

| | }

} | } |

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

BeeW ume cpshakeseah ne eat tt em a aT	FSCe NA CaaI SEC	TEeT DIOORECAST
Adverse publicity	Reputational risk	Communication ofcharitable activities
	Misunderstanding ofspiritual	andfinancial situation withsupporters, beneficiar es and funders
	background ofSkanda ValeTemple
	Loss ofbeneficiaries and donors confidence	ensuregood quality reportingvia in house design and communicationteam
	Loss oftrustofhealth care	Incorporate codes ofgood practiceand
	professionals and providers	national guidelines in procedural system
COVID 19Pandemic	Closureor partial Closureofashram
	resulting in significant fall in	with and support pilgrims
	visitation
	Significant loss ofincome	Develop online opportunities forpeople
		to donate
	Significant fall in volunteernumbers
		site to match resident Communities
	Significant fall in donated food	resources
		Suspend foodaidprogramtolarger organisations focus on supporting
	Risk ofinfection to resident	individuals
	Community	Strictadherenceto infection controland
		socialdistancing,

Trustees’ responsibilities in relation to the financial statements

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:

« Select suitable accounting policies and then apply them consistently;

Make judgements and estimates that are reasonable and prudent;

State whether applicable accounting standards and statements ofrecommended practice have been followed, subject to any departures disclosed and explained in the financial statements and;
® Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position ofthe charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed, The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

| |

oes

The Community of the Many Names of God

i} |

Report of the Trustees for the Year Ended 31 December 2020

Summary

The success of the Charity in achieving the objectives of its Trust is because on all levels the Charity is dedicated to the worship of God through excellence, perseverance, and love in its work, at all times relying on God to provide the means, inspiration, motivation and guidance for the realisation of the Charity’s work in service to God.

Approved and signed on behalf of the Board of Trustees on: QB-— oOcldac - LZo2\

----- Start of picture text -----
a
Swami Suryananda (Chair of Trustees) — a
Swami Premanataraj (Director of Finance) Serent . fees Z °
Swami. \
Yogananda ( 3 —
----- End of picture text -----

| | |

----- Start of picture text -----
|
----- End of picture text -----

-~14-

Report of the Independent Auditors te the Trustees of The Community of the Many Names of God Opinion We have audited the financial statements of The Community of the Many Names of God (the 'charity’) for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements: ~ givea true and fair view of the state of the charity's affairs as at 31 December 2020 and of its incoming resources and application of resources, for the year then ended; ~ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ~ have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information

| | | |

| | | | | |

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: ; - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or

| |

sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or ~ we have not received all the information and explanations we require for our audit.

| |

Page 15

Report of the Independent Auditors to the Trustees of The Community of the Many Names of God Opinion We have audited the financial statements of The Community of the Many Names of God (the 'charity’) for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), Tn our opinion the financial statements: ~ givea true and fair view of the state of the charity's affairs as at 31 December 2020 and of its incoming resources and application of resources, for the year then ended; ~ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ~ have been prepared in accordance with the requirements of the Charities Act 2011,

Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements, We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion,

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

| | | | | | | |

Other information

Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations ‘2008 requires us to report to you if, in our opinion: | , tr. - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns, or - we have not received all the information and explanations we require for our audit.

| | | | | | | | | |

Page 16

Report of the Independent Auditors to the Trustees of The Community of the Many Names of God

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error,

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder,

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements,

Irregularities, including fraud, are instances of non-compliance with laws and regulations, We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

fn identifying and assessing risks of material misstatement of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

nature of the charity and the sector in which it operates - the legal and regulatory framework in which the charity operates, and in particular those laws and regulations that directly affect the financial statements or have a fundamental effect on operations eg Charities Act 2011 ~ resulls of enquiries of management and those charged with governance - any matters relating to: a. The charity's policies and procedures for identifying, evaluating and complying with laws and regulations, and whether there were any known instances of non-compliance. b. Detecting and responding to the risks of fraud and whether there is any knowledge of actual, suspected or alleged fraud. ¢. The internal controls established to mitigate risk of fraud or non compliance with laws and regulations.

As a result of performing the above, we did not identify any key audit matters related to potential risk of fraud or non compliance with laws and regulations.

In addition to the above, our procedures included;

reviewing the financial statement disclosures and testing to supporting documentation to assess relevant laws and

regulations- enquiries of management and those charges with governance concerning actual and potentialRelitigationhe claims‘ - performing analytical review procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud - review of minutes of trustee meetings - written representations

| | | | | | | | | | | | :

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.fic.org.uk/auditorsresponsibilities, This description forms part of our Report of the Independent Auditors.

Page 17

Report of the Independent Auditors to the Trustees of The Community of the Many Names of God

| | |

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008, Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Polaand Co. Le

Ashmele and Co. Chartered Certified Accountants and Statutory Auditors Williamston House

7 GoatHaverfordwest Street PembrokeshireSA61 IPX

| | |

Page 18

----- Start of picture text -----
|
|
|
----- End of picture text -----

| |

The Community of the Many Names of God

Statement of Financial Activities for the Year Ended 31 December 2020

					31.12.20	31,12.19
	Notes	Unrestricted funds z	Restricted funds z	Endowment fund £	Total funds £	Total funds £
INCOMEAND ENDOWMENTSFROM Donationsand legacies	2	256,234	43,087	-	299,321	435,665
Charitable activities	4
Skanda ValeCommunity		10,000	-	-	10,000	-
GWUK Tesco grant		-	-	-	-	1,000
Investment income	3	132	-	-	132	343
Other income		4,014	5,347	-	9.361	15,091
Total		270,380	48,434	-	318,814	452,099
EXPENDITUREON
Charitable activities	5
BigLotto Skanda ValeCommunity		” 324,638	10,000 -	- -	{0,000 324,638	10,000 382,030
FoodAid		-	1,636	-	1,636	L753
Hospice Care		-	104,751	-	104,751	79,066
Management ofConservation
Area		-	188	.	188	200
Playground		-	1,029	-	1,029	-
GWUK Tesco grant		a	1,000	‘	1,000	‘
Total		324,638	118,604	~	443,242	473,049
Net gains/{losses) on investments		(1,950)	-	-	(1,950)	1,359
NET INCOMEMEXPENDITURE)		(56,208)	(70,170)	.	(126,378)	(19,591)
RECONCILIATION OF
FUNDS
Totalfunds brought forward		2,193,189	2,684,329	440,000	5,317,518	5,337,109
TOTAL FUNDSCARRIED
FORWARD		2,136,981	2,614,159	440,000	5,191,140	5,317,518

The notes form part of these financial statements

Page 19

The Community of the Many Names of God

| | | | | | | |

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Balance|Sheet| |31|December 2020| |31.12.20|31.12.19| |Unrestricted|Restricted|Endowment|Total|Total| |Notes|funds£|funds£|fund£|funds£|funds£| |FIXED ASSETS| |Tangible|assets|12|1,979,310|2,575,142|440,000|4,994,452|5,093,476| |Investments|13|3,546|:|.|3,546|5,495| |1,982,856|2,575,142|440,000|4,997,998|5,098,971| |CURRENT ASSETS| |Stocks|14|5,305|-|-|5,305|5,305| |Debtors|15|14,668|2,198|-|16,866|28,317| |Cash|at bank and|in hand|148,963|38,685|-|187,648|199,863| |168,936|40,883|-|209,819|233,485| |CREDITORS| |Amounts|falling due within one| |year|16|(14,811)|(1,866)|-|(16,677)|(14,938)| |NET|CURRENT ASSETS|154,125|39,017|-|193,142|218,547| |TOTAL ASSETS LESS| |CURRENT|LIABILITIES|2,136,981|2,614,159|440,000|5,191,140|5,317,518| |caniiccummiome:|minminciint|memes|pe|eee| |NET ASSETS|2,136,981|2,614,159|440,000|5,191,140|5,317,518|

----- End of picture text -----

| |

The notes form part of these financial statements Page 20

continued...

The Community of the Many Names of God

Balance Sheet - continued 31 December 2020

FUNDS 17 Unrestricted funds Restricted funds Endowment funds

2,136,981	2,193,189
2,614,159	2,684,329
440,000	440,000
5,191,140	5,317,518

TOTAL FUNDS

The financial statements were approved by the Board of Trustees and authorised for issue on BW and were signed on its behalf by:

Wy Obsdse tr POA

Suryananda - Trustee

----- Start of picture text -----
i
Premanataraj - Trustee
----- End of picture text -----

The notes form part of these financial statements

| | | | | | | | | | | |

Page 21

The Community of the Many Names of God

Cash Flow Statement for the Year Ended 31 December 2020

		31.12.20	31.12.19
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	41,496	139,389
Netcash provided byoperating activities		41,496	139,389
Cash flowsfrom investing activities
Purchase oftangible fixed assets		(123,971)	(161,437)
Sale oftangible fixed assets		72,078	3,887
Sale offixed asset investments		(1,950)	1,359
Interest received		132	343
Netcash used in investing activities		(53,711)	(155,848)
Change in cash and cash equivalents in	the
reportingperiod		(12,215)	(16,459)
Cash and cash equivalents at the beginning ofthereporting period		199,863	216,322
Cashandcash equivalentsattheendofthe reportingperiod		= 187,648 saces	es 199,863 —===

The notes form part of these financial statements

Page 22

| | | | | |

| | |

The Community of the Many Names of God

| | | | | |

Notes to the Cash Flow Statement for the Year Ended 31 December 2020

1.	RECONCILIATION OFNETEXPENDITURETONETCASHFLOWFROM	RECONCILIATION OFNETEXPENDITURETONETCASHFLOWFROM	OPERATING	ACTIVITIES
			31.12.20	SEIZID
			&	£
	Netexpenditure for the reporting period (aspertheStatementof
	Financial Activities)		(126,378)	(19,591)
	Adjustments for:
	Depreciation charges		148,132	147,324
	Losses/(gain) on investments		3,900	(2,718)
	Loss on disposal offixed assets		2,787	11,681
	Interest received		(132)	(343)
	Decrease in debtors		11,448	951
	Increase increditors		1,739	2,085
	Netcash provided byoperations		41,496	139,389
2.	ANALYSISOFCHANGES INNET FUNDS
		At 1.1.20	Cash flow	At 31.12.20
		z	z	£
	Net cash
	Cash atbank and inhand	199,863	(12,215)	187,648
		199,863	(12,215)	187,648
	Total	199,863	(12,215)	187,648

| | | |

The notes form part of these financial statements

| | | |

Page 23

: : |

The Community of the Many Names of God

Notes to the Financial Statements for the Year Ended 31 December 2020

1, 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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.

Allocation and apportionment of costs

Costs have been allocated as far as possible between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others have been apportioned based on the estimated usage of the resource.

Support costs represent the costs of the management of the chatities assets and compliance with constitutional and statutory requirements.

Tangible fixed assets

Buildings are split into two categories of asset. Class 1 buildings are those of more durable type generally constructed from stone/concrete with slate roof. Class 2 buildings are less durable and may include many agricultural types and are generally constructed from timber with metal sheet/polycarbonate/timber roofing.

Buildings Class 1 including subsequent improvements and improvements to land are depreciated at 2% per annum on a straight line basis from the date the assets were brought into use. An estimate of the initial cost of land where land and buildings were purchased together has been made in consultation with eth charities advisers. The yalue of land at cost is not depreciated. Temple and other assets including various temple animals and adornments are not depreciated.

Annual depreciation rates on all other fixed assets are applied on a reducing balance basis from the date the asset is brought into use apart from software where a straight line depreciation rate of 20% per annum is used, The depreciation rates for the different classes oftangible fixed assets are as follows:

Land nil Buildings class 1 2% straight line Infrastructure 3% reducing balance Buildings class 2, structures & enclosures 5% reducing balance Elephant house 10% reducing balance Office equipment 10% reducing balance Plant & equipment 10% reducing balance Fixtures & fittings 10% reducing balance Vehicles 20% reducing balance

Page 24

----- Start of picture text -----
continued...
----- End of picture text -----

The Community of the Many Names of God

Notes to the Financial Statements ~ continued for the Year Ended 31 December 2020

1, | ACCOUNTING POLICIES - continued

Tangible fixed assets Software

20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

DONATIONS AND LEGACIES

a

DONATIONS AND LEGACIES
	34.12/20 £	31.12.19 £
Donations	299,321	435,665
INVESTMENT INCOME
	31.12.20 ;	54,42.19 £
Deposit account interest	*	2
Income from investments	132	341
	132	343

Page 25

continued...

The Community of the Many Names of God

INCOME FROM CHARITABLE ACTIVITIES

| |

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

				31.12.20	31.12.20	31,12.19
	Grants	Activity SkandaValeCommunity		£ 10,000		£ -
	Grants	GWUK Tesco grant			-	1,000
				10,000		1,000
	Grants received, included in the above, are as follows:
				31.12.20		31.12.19
				£		£
	GWUK Tesco				-	1,000
	Carmarthen County Council			10,000		-
				10,000		1,000
Ss.	CHARITABLEACTIVITIESCOSTS			Support
			Direct	costs	(see
			Costs	note6)	6)	Totals
	BigLotto		10,000		-	10,000
	SkandaValeCommunity		316,335	8,303		324,638
	Food Aid		1,636		-	1,636
	Hospice Care		104,706		45	104,751
	ManagementofConservation Area Playground		188 1,029		- -	188 1,029
	GWUKTesco grant		1,000		-	1,000
			434,894	8,348		443,242
6.	SUPPORTCOSTS
						Governance
						costs
						£
	SkandaValeCommunity HospiceCare					8,303 45
						8,348

Page 26

| ,

continued...

The Community of the Many Names of God

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

he TRUSTEES' REMUNERATION AND BENEFITS

| | | | | | | | | | |

| |

There were no trustees’ remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

The trustees who are monastics have their food, lodging and living requirements provided by the community to the same extent as the rest of the monastic community who are not trustees. The trustees who are not members of the monastic community receive food and lodgings to the same extent as any member of the public visiting the community who is not a trustee.

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

COMPARATIVESFOR THESTATEMENTOF	OFFINANCIALACTIVITIES Unrestricted funds	ACTIVITIES Restricted funds	Endowment fund	Total funds
INCOMEAND ENDOWMENTS FROM
Donations and legacies	409,804	25,861	-	435,665
Charitable activities
GWUK Tesco grant	.	1,000	-	1,000
Investment income	343	-	-	343
Otherincome	5,632	9,459	>	15,091
Total	415,779	36,320	-	452,099
EXPENDITUREON
Charitable activities
Big Lotto	-	10,000	-	10,000
SkandaValeCommunity Food Aid	382,030 :	. 1,753	” é	382,030 1,753
HospiceCare	-	79,066	-	79,066
ManagementofConservationArea	-	200	-	200
Total	382,030	91,019	-	473,049
Netgainson investments	1,359	-	-	1,359
NETINCOME/EXPENDITURE)	35,108	(54,699)	-	(19,591)
Transfers between funds	5,000	(5,000)	-	-
Net movement in funds	40,108	(59,699)	-	(19,591)
RECONCILIATIONOFFUNDS
Totalfundsbrought forward	2,153,081	2,744,028	440,000	5,337,109
	Page27			continued...

The Community of the Many Names of God

10, LOANED ASSETS

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

----- Start of picture text -----
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Endowment Total
funds funds fund funds
£ £ £ £
TOTAL FUNDS CARRIED FORWARD 2,193,189 2,684,329 440,000 5,317,518
----- End of picture text -----

9 DONATED GOODS AND GIFTS IN KIND

The Charity receives a large amount of donated goods each year. It is a fundamental principle that these goods are offered to God in the temples and that they are offered anonymously, The monastic rule and tradition of the Community is that no material value be placed on these goods as they are gifts to God and to be used in the service of God. The trustees have considered the Charities SORP (FRS 102) guidance on donated goods and have determined that due to the operational nature of the charity, the materiality of the goods received and the use they are put to, the allocation of resources and potential cost in valuation of donated goods is not justified in terms of any benefit to the users of the accounts.

A large quantity of food and provisions is annually offered, enabling the Commumity to feed, free of charge, all pligrims who wish to receive food offered to Gad. Other donated items offered in the temples are used in the running of the Community at all levels and, where appropriate, are given to Vale Hospice Continuing Care for use in their Charity's work,

The Community is also in receipt of a large amount of building materials, tools and machinery given throughout the year. These items are treated in exactly the same manner as items which it is practical to physically offer in the temples - they are gifis to God, used in the running of the Community for the benefit of the public.

Similarly no value has been applied to the substantial enhancements to the original farm buildings purchased by the Community many years ago to transform them into the present day temples and facilities for the public where the materials for these works have been donated by devotees of the Community and were intended as gifts to God. It is to be noted that it is a fundamental principle of the Community never to ask for, infer the need of or solicit in any way, funds or goods for the use of the Community.

The Community is fortunate to have the continued free use of a JCB wheeled excavator on the condition that maintenance, fuel and running costs are paid for by the Community.

1. UNCAPITALISED ASSETS

The Community owns many animals and birds. As a sanctuary for life, no animal is ever sold, for there is no guarantee that it would live out its natural life span receiving the care and attention necessary for a high quality of life. No material value can be put on life by a Community based on the principal that all life is sacred.

There is no capitalisation in the accounts of many of the smaller temporary wooden structures primarily used for animal accommodation.

All the images, artefacts and adornments in the Community's temples are owned by the Community and are not given a material value because of their spiritual value to the Community.

continued...

Page 28

The Community of the Many Names of God

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETSASSETS
			Assets
	Freehold property	Temples& Infrastructure	under construction	Plantand machinery
	£	e	£	£
COST
At 1 January2020	5,319,565	48,426	105,095	351,704
Additions Disposals	71,178 -	: -	47,144 (70,928)	1,278 (9,258)
At31 December 2020	5,390,743	48,426	81,311	343,724
DEPRECIATION
At 1 January2020 Chargeforyear	721,813 105,258	10,993 623	- -	179,345 16,976
Eliminated ondisposal	“ jieaspancser	“ aie	- ier tas	(5,551) Parent ee Sener
At 31 December2020	827,071	11,616	-	190,770
NETBOOKVALUE
At 31 December2020	4,563,672	36,810	81,311	152,954
At31 December2019	4,597,752	37,433	105,095	172,359
	Fixtures
	and fittings	Motor vehicles	Computer equipment	Totals
	FS	e	a	£
COST
At I January2020	266,045	124,331	8,105	6,223,271
Additions Disposals	4,371 (709)	- -	- -	123,971 (80,895)
At 31 December 2020	269,707	124,331	8,105	6,266,347
DEPRECIATION
At 1 January2020	150,975	59,435	7,234	1,129,795
Charge foryear	11,921	12,979	373	148,130
Eliminated on disposal	(479)	-	-	(6,030)
At31December2020	162,417	72,414	7,607	1,271,895
NETBOOKVALUE
At31 December 2020	107,290	51,917	498	4,994,452
At31December2019	115,070	64,896	871	5,093,476

----- Start of picture text -----
Page 29
----- End of picture text -----

continued...

The Community of the Many Names of God

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

13.	FIXEDASSET INVESTMENTS
			Listed
			investments
			£
	MARKETVALUE
	At	January2020 Revaluations
	At31 December2020		3,546
	NETBOOKVALUE
	At31 December2020		3,546
	At31 December2019		5,495
	There were no investment assets outside the UK.
14.	STOCKS
		31.12.20	31.12.19
		£	:
	Stocks	5,305	5,305
15.	DEBTORS: AMOUNTS FALLING DUE WITHINONEYEAR
		31.12.20	S129
		£	£
	Other debtors	16,866	28,317
16.	CREDITORS: AMOUNTS FALLING DUEWITHINONEYEAR
		31.12.20	31.12.19
		x	<i
	Tradecreditors	16,677	14,938

Page 30

continued...

17, MOVEMENT IN FUNDS

| | |

The Community of theMany Names of God

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

	MOVEMENT IN FUNDS
			Net	Transfers
	Unrestricted funds	At 1.1.20 £	movement in funds z	between funds &		At 31.12.20 Fi
	Community(FundC)	2,128,189	(56,208)	50,344		2,122,329
	CarParkdevelopment (Fund E)	60,000	.	(50,344)		9,656
	Vehicle replacement designated fund	5,000	:	-		5,000
		2,193,189	(56,208)	-	‘	2,136,981
	Restricted funds
	BIG LotteryFund (Fund BIG) -Food Aid, StoreShed (Fund FA)	461,667 27,289	(10,000) (1,636)	- -		451,667 25,653
	SkandaVale Hospice (FundH)	2,122,368	(56,317)	-		2,066,051
	London SeminarFund (Fund L)	4,368	-	-		4,368
	WCVA Environment Wales PGF Grant
	(FundM)	3,382	(188)	.		3,194
	Vehicle Replacement Fund (Fund V)	44,277	-	-		44,277
	Playground fund	19,978	(1,029)	-		18,949
	GWUK TescoGrant	1,000	(1,000)	-		-
		2,684,329	(70,170)	-		2,614,159
	Endowment funds
	Deri (Permanent Endowment Fund D)	449,000	.	-		440,000
	TOTAL FUNDS	5,317,518	(126,378)	-		5,191,140
'
	Netmovement in funds, included inthe above are as follows:
		Incoming	Resources	Gainsand		Movement
		resources	expended	losses		in funds
		£	£	s		£
	Unrestricted funds
	Community (Fund C)	270,380	(324,638)	(1,950)		(56,208)
	Restricted funds					E
	BIG Lottery Fund(Fund BIG)	-	(10,000)	-		(10,000)
	Food Aid, StoreShed (FundFA)	.	(1,636)	.		(1,636)
	SkandaVale Hospice (Fund H)	48,434	(104,751)	.		(56,317)
	WCVA Environment Wales PGF Grant
	(FundM)	-	(188)	-		(188)
	Playground fund	-	(1,029)	.		(1,029)
	GWUK Tesco Grant	-	(1,000)	-		(1,000)
		48,434	(118,604)	-		(70,170)
	TOTALFUNDS	318,814	(443,242)	(1,950)		(126,378)
		Page31				continued...

continued...

17; MOVEMENT IN FUNDS- continued

;

The Community of the Many Names of God

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

Comparatives for movement in funds

		Net	Transfers
		movement	between	At
	At 1.1.19	in funds	funds	31.12.19
	£	cy	£	£
Unrestricted funds
Community (Fund C) ShaktiTemple fund(Designated fund S)	2,083,081 10,000	35,108 .	10,000 (10,000):	_ 2,128,189 -
Car Parkdevelopment (Fund E)	60,000	-	-	60,000
Vehicle replacementdesignated fund	-	:	5,000	5,000
	2,153,081	35,108	5,000	2,193,189
Restricted funds
BIG LotteryFund (Fund BIG)	471,667	(10,000)	-	461,667
Food Aid, Store Shed (FundFA)	29,042	(4,753)	“	27,289
Skanda Vale Hospice(FundH)	2,166,114	(43,746)	-	2,122,368
London SeminarFund (FundL)	4,368	-	-	4,368
WCVA Environment Wales PGF Grant
(Fund M)	3,582	(200)	:	3,382
Vehicle Replacement Fund (Fund V)	49,277	-	(5,000)	44,277
Playground fund	19,978	-	-	19,978
GWUKTescoGrant	.	1,000	-	1,000
	2,744,028	(54,699)	(5,000)	2,684,329
Endowment funds
Deri (Permanent Endowment Fund D)	440,000	-	-	440,000
TOTAL FUNDS	5,337,109	(19,591)	-	5,317,518
Comparativenetmovement in funds, included in theabove are as		follows:
	Incoming	Resources	Gainsand	Movement
	resources	expended	losses	in funds
	9	£	Ss	£
Unrestricted funds
Community (Fund C)	415,779	(382,030)	1,359	35,108
Restricted funds
BIG Lottery Fund(Fund BIG)	-	(10,000)	-	(10,000)
Food Aid, Store Shed (FundFA)	-	(1,753)	-	(1,753)
Skanda Vale Hospice(FundH)	35,320	(79,066)	-	(43,746)
WCVA Environment WalesPGF Grant
(FundM)	-	(200)	-	(200)
GWUK Tesco Grant	1,000	-	-	1,000
	36,320	(91,019)	-	(54,699)
TOTAL FUNDS	452,099	(473,049)	1,359	(19,591)
	Page32			continued...

The Community of the Many Names of God

Notes to the Financial Statements - continued

for the Year Ended 31 December 2020

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Net|Transfers| |movement|between|At| |At|1.1.19|in|funds|funds|31.12.20| |£|£|=|£| |Unrestricted|funds| |Community (Fund C)|2,083,081|(21,100)|60,344|,|2122525| |Shakti|Temple|fund|(Designated|fund|S)|10,000|-|(10,000)|'|-| |Car Park|development (Fund E)|60,000|-|(50,344)|9,656| |Vehicle|replacement designated|fund|-|-|5,000|5,000| |2,153,081|(21,100)|5,000|2,136,981| |Restricted|funds| |BIG|Lottery Fund (Fund|BIG)|471,667|(20,000)|-|451,667| |Food|Aid,|Store|Shed (Fund|FA)|29,042|(3,389)|-|25,653| |Skanda|Vale Hospice|(Fund H)|2,166,114|(100,063)|-|2,066,051| |London|Seminar|Fund|(Fund|L)|4,368|-|-|4,368| |WCVA|Environment|Wales|PGF|Grant| |(Fund M)|3,582|(388)|-|3,194| |Vehicle|Replacement Fund|(Fund|V)|49.277|.|(5,000)|44.277| |Playground|fund|19,978|(1,029)|-|18,949| |2,744,028|(124,869)|(5,000)|2,614,159| |Endowment|funds| |Deri|(Permanent|Endowment Fund|D)|440,000|-|-|440,000| |TOTAL FUNDS|5,337,109|(145,969)|-|5,191,140|

----- End of picture text -----

Page 33

continued...

17,

RELATED PARTY DISCLOSURES

19, FUNDS

The Community of the Many Names of God

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

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	Gainsand		Movement
	resources	expended	losses		in funds
	£	£	S		£
Unrestricted funds
Community (Fund C)	686,159	(706,668)	(591)		(21,100)
				_
Restricted funds
BIG Lottery Fund (FundBIG)	-	(20,000)	-		(20,000)
Food Aid, Store Shed(Fund FA)	.	(3,389)	-		(3,389)
Skanda Vale Hospice(Fund H)	83,754	(183,817)	-		(100,063)
WCVA Environment Wales PGF Grant
(FundM)	-	(388)	-		(388)
Playground fund	-	(1,029)	-		(1,029)
GWURK TescoGrant	1,000	(1,000)	-		-
	84,754	(209,623)	-		(124,869)
TOTALFUNDS	770,913	(916,291)	(591)		(145,969)

During the period the Charity made donations of £57,408 (2019 £31,576) to Skanda Vale Hospice CIO, a connected entity. In addition Skanda Vale Hospice CIO leased both the hospice building and Newcastle Emlyn shop from The Community of the Many Names of God for an annual rent of £1 per property,

Designated Fund A - Pilgrim Accommodation

This fund was set up in December 2010 to build up fimds towards providing new purpose built pilgrim accommodation at Skanda Vale. Building work commenced and during 2017. At the year end the balance of the fund was nil.

Restricted Fund BIG

This fund was set up in 2014 following the award of a £500,000 grant from BIG Lottery Fund towards the capital development costs of the new six bed in patient hospice.

Unrestricted Fund C - Community

This fund is used primarily in the maintenance and development of Skanda Vale monastery and Temples as a place ofpublic worship and for the support of the resident monastic community.

Permanent Endowment Fund D - Deri

This fund was set up upon the charity receiving a donation of 110 acres of farm and woodland in May 2008. The trustees estimated its market value upon receipt at £4,000 per acre based on land values in the area, capitalising the whole donation at £440,000 in the accounts. The donors stipulated that the land is transferred to the charity as permanent endowment.

Designated Fund E - Car Park Development

continued..,

Page 34

The Community of the Many Names of God

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

19. FUNDS - continued

This fund was set up in December 2017. The trustees allocated £60,000 towards the development of the replacement car park on the lower Ashram site.

Restricted Fund FA - Food Aid, Store Shed

This fund was set up in January 2012 upon receiving confirmation of two grant awards towards the cost of a new dried food store shed and associated equipment to modernize and expand facilities central to the charity's food aid programme.

Restricted Fund H - Skanda Vale Hospice , Set up in 1987 to provide hospice care: initially as a home support service which ran until 2004, secondly as a day care centre and finally as a residential hospice. The hospice building was redeveloped and reopened in April 2016 -providing respite and day care. In July 2016 the charity transferred the operation of the Hospice to a new registered charity, Skanda Vale Hospice CIO. The trustees decided to lease the new incare hospice building the the CIO on a peppercorn rent of £1 per annum on a 50 year lease.. The trustees also decided to lease the charity shop to the CIO again at £1 per annum.

Restricted Fund L - London Seminar Fund

This fund was set up in 2014 to manage the funds associated with a biannual London seminar given by members of the monastic community. The seminar takes place in Giwell Park, a venue run by th Scout Association - the seminars are run on a non-profit basis.

Designated Fund S -Shakti Temple Fund

This fund was set up in 2012 to support the future development of the Shakti Temple.

"Restricted Fund V - Vehicle Replacement Fund The fund was set up in 2015 following the agreement of the board of Verein Skanda Vale (Skanda Vale Swiss Association) to help support the travel costs of Community members to lead and support seminars and staff Soma Skanda Temple in Fideris,

Designated fund VDES - Vehicle Replace Fund This fund was set up to support the travel costs of the Community members.

Restricted Fund - Playground

The fund was established to cover the cost of constructing a play area for use by visitors to the Skanda Vale site.

20. GOING CONCERN

The trustees have considered the effect of the Covid-19 pandemic and believe that the Charity has sufficient resources to enable it to continue its operations over future periods.

Page 35

The Community of the Many Names of God

;

	Detailed Statement ofFinancial Activities
	for the Year Ended 31 December 2020
		31.12.20	31.12.19
		£	£
INCOMEANDENDOWMENTS
Donations and legacies
Donations		299,321	435,665
Investment income
Deposit account interest		-	2
Income from investments		132	34]
		132	343
Charitable activities
Grants		10,000	1,000
Other income
Payphone income			97
RHI, electricity and feed in income		8,706	14,576
Sundry income		655	418
		9,361	15,091
Total incoming resources		318,814	452,099
EXPENDITURE
Charitable activities
Rates and water		156	237
Insurance		19,254	18,142
Light and heat		20,938	28,700
Telephone		4,991	4,638
Taxes -various		4,676	3,234
Vehicle tax/insurance		9,127	10,389
Diesel fortractors		3,319	3,673
Community food& living		29,905	35,502
Laundry Petrol		68 5,407	186 5,309
Vet&animal care		14,683	18,817
Vehicle maintenance		17,859	30,211
Communitymaintenance		62,755	80,041
Animal feed		9,576	9,235
Agriculture Travel Bankcharges		5,045 7,160 278	7,914 17,571 2,007
Professional fees		4,883	642
Carriedforward		220,080	276,448

This page does not form part of the statutory financial statements

Page 36

The Community of the Many Namies of God

Detailed Statement ofFinancial Activities
for the Year Ended 31 December 2020
	31,1220		31219
	£		£
Charitable activities
Brought forward	220,080		276,448
Fundstfr tohospice	57,408		31,576
Vegetablegarden	1,733		”
Immigration	4,754
Depreciation oftangible fixed assets	148,132		147,324
Loss on sale oftangible fixed assets	2,787		11,681
	434,894		467,029
		=
Support costs
Governance costs
Auditors’ remuneration	3,750		3,730
Communityadmin software	4,598		2,290
	8,348		6,020
Total resources expended	443,242		473,049
Net expenditure beforegainsand losses	(124,428)		(20,950)
Realised recognised gains and losses
fixed asset investments	(1,950)		1,359
Netexpenditure	(126,378)		(19,591)

This page does not form part of the statutory financial statements

Page 37

2020-12-31-accounts

Contents of the Financial Statements for the Year Ended 31 December 2020

The Community of the Many Names of God for the YearReportEnded of the31 TrusteesDecember 2020

Legal and administrative information

The full name of the Charity is:

Skanda Vale

The Board of Trustees holding office in 2020 is as follows:

Method of Nomination and Appointment of Trustees

Recruitment of New Trustees

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

Training of new trustees

The principal address of the Charity is:

Relevant Organisations

Trustees holding the title to property belonging to the charity

Summary of specific investment powers

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

Education

Direct Food Aid and Charity support

Skanda Vale Hospice

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2026

Skanda Vale is a sanctuary for life.

Organisation of the Charity

Major Events, Progress and Achievements of the Charity throughout the Year

The Community of the Many Names of God Report of the Trustees for the Year Ended 31 December 2020

How our Activities deliver public benefit

Public Worship and spiritual support and education

The Community of the Many Names of God Report of the Trustees for the Year Ended 31 December 2020

Facility and Infrastructure improvements

Car Park

Work Shop

Vegetable Garden

Sanctuary and Service to life

Volunteering

Direct Food Aid

Financial Review

General Comments on SOFA and Balance Sheet

The Community of the Many Names of God Report of the Trustees for the Year Ended 31 December 2020

Unrestricted Funds

Restricted Funds

Major developments since year end

Funds and Reserves

Report of the Trustees for the Year Ended 31 December 2020

Free Reserves at year end 2020

This leaves a free cash reserve of £143,015 at year end 2020

Risk Statement

Identifying Risk

Report of the Trustees for the Year Ended 31 December 2020

Report of the Trustees for the Year Ended 31 December 2020

The Community of the Many Names of God

Report of the Trustees for the Year Ended 31 December 2020

Trustees’ responsibilities in relation to the financial statements

Report of the Trustees for the Year Ended 31 December 2020

Summary

Conclusions relating to going concern

Conclusions relating to going concern

Other information

Report of the Independent Auditors to the Trustees of The Community of the Many Names of God

Responsibilities of trustees

Our responsibilities for the audit of the financial statements

In addition to the above, our procedures included;

Use of our report

Polaand Co. Le

The Community of the Many Names of God

Statement of Financial Activities for the Year Ended 31 December 2020

Balance Sheet - continued 31 December 2020

TOTAL FUNDS

The Community of the Many Names of God

Cash Flow Statement for the Year Ended 31 December 2020

Notes to the Cash Flow Statement for the Year Ended 31 December 2020

The Community of the Many Names of God

Notes to the Financial Statements for the Year Ended 31 December 2020

Income

Expenditure

Allocation and apportionment of costs

Tangible fixed assets

Notes to the Financial Statements ~ continued for the Year Ended 31 December 2020

1, | ACCOUNTING POLICIES - continued