RF.GISTCRED CHARITY NUMBER: 511166 Report of tlie Trustees and Fiiiajicial Statements for tlie Year Ended 31 Dcc¢Jnber 2024 for Tlie Commuiiity of tlie Maiiy Names of God Asliiiiole aiid Co. Chaitered Certitied Accoiii)lants and Stalulory Alidilors Williainslon House 7 Goal Street Haverfordwest Pei)Ibrokesliire SA61 IPX
Tlie Commuiiity of th¢ Many Nanies of God Coiitent5 of tlle Fiiiaiieial Slaten)eiits (or tlie Yeai. Eiided 31 Decejn ber 2024 Page Report of the Trustees I to 14 Report of the Indepeiideiit Auditors 15 to 17 Slatemciit of Financial Activities BalAnce Slie¢t 19 Cash Flow Slatcment 20 Notes ¢0 tlic Casli Flow Slalenient 21 Note5 to tlic Fiiianclal Statciiienls 22 to 34 Detailed Staleincnt of Fiiilliicial Activities 35 10 36
The Commuiiity of the Many Iyames of God Report of tlie Tr115tees ror the Year Elided 31 December 2024 The trustees presei)t Iheir reporl iviih Il)e fiiiaiicial stateinents of the charily for Ilie year ended 31 Deceinber 2024. The trustees have adopted Ilie provisioiis of Accouiiting aiid Reporting by Charities.. Slatenienl of Recominended Practice applicable lo Charities preparing their accounts in accordance iviih the financial Reporting Standai-d applicable in the UK and Republic of Ireland (fRS 102) (effective l January 2019). Legal And adminlslratlve Information The full name of tl)e Charity is,. The Coininunity of the Many Naiiies of God. (Reg. cliarity no. 511166) The Charity is a Trust aiid an Uniiicoiporaled Chai'ily Tli¢ Working naine of the Charily is: Skanda Vale and Skaiida Vale Teiiiple The governing insli'uincnl of the Cliarity is a Trust Deed. Tlie declHralion of Iriist is daled 17th Sepieinber 1980 and includes the Suppleincnlary Declai'alion of Trust dated 9111 Febrliary 2002 and tlie Siipplementary Declaratioi) of Trust dated 12, Deceinber 2015 and aineiidiiieiit by re501ulioii dated 7, October 2017 and Deed of Variation dated I I Ill July 2020 The Charity constilules a Board of Trustees, The Inaxiinuin iiuinber of Truslces at aiiy poiiil iii tiine is I l of whom not less thai) 3 and not Inore Ihaii 6 sh911 be iiiciiibers of the coininuiiity (iiionaslic Irustces). aiid not less Iliaii 2 aiid iiot t)iore Ihaii 5 shall be persons who al'e Iiot Ineiiibers of Ilie cominuiiity (lay trustees). Tlie Board of Truslees holding office iii 2024 is as follows: Sivai)ii Suryaiianda - (Mic111c el D¢iiis Begley) Chair Swaiiii Govinda - (Jusliii Rayi)iond-Llarkei') Scci'ctary Swaini Preinaiialaraj (Jakob Willi) Dii'ector or rii)<liice Swanii Narayana - (Kennetli Vivian) Swaiiii Yogai)aiida (Slcfan Suter) Sislei. Ally {Allisoii "fiiber) Mrs. Kuini Ariyadasa Robin Rose Mai)i Govindaii Anjiia Chavda Mclhod of Nom Iiialloii and Appoii)tineiit of Trustees Every Triislee has poiyer to IlOlllillGile oiie or iiiore Ti'usl¢cs. Tl)is is Inade ai)d effected by a special resolution. spccial I'csolulioii, n)eanii)g a resolution passed at a Ti'lislees In¢cliiig suppoiled by a Inajority of not les5 thai) two Il)irds of11)e Ti'uslees voliiig. Reci'iiilnieiit of Neiv Triislees Tl)e IrLlSlecs WOLild look lo rccriiit new trustees lo 11)e board wlio are able lo actively cominit lo participatingJ in the adii)iiii511'ation of the cliarity and wl)o deinonslralc a keui) inlei'est iii the cliarity's affaii's. 1.lie Iruslees aii)I lo liave a bi'oad raiige of skill sets and coinbinalion of life and work experience represented oil tlie board that is relevant lo the operation of Ilie cliarity. Truste¢s are reci'iiited Ihroiigli personal recommendation of any of the existing board iiieiiibers. Repre5eiilalioii froin woineii ai)d Iniiiority gi'oups is welcoiiie. Aiiy neiv trustee would be required lo sign afil a17dpi'opei' pei'son declaralion, would be required to uiidergo a DBS clieck. and clie¢ks would be Inadc oli Ihc pcrsoiis eligyibility lo be a tru51ee- in paiticiilai. that they are iiol disqualified rroni bcing a ti'uslee. The Irustees ivould also follow Cliarity Coininission guidaiice on conflicts of iiiterest CC29 to ciisurc appoii)Iiiieiils follow best practice. Page I
The Commuiiity of tlie Many Names of Cod Report of tlie Trustees for the Year Elided 31 December 2024 Training of neiv trustees It is one of the Cuent trustees responsibility lo ensure all iiew trustees are given a copy of the charity's goveniing docuinenls and I'elevanl onliiie guidance froiii the cl)ai'ily coniiiiission regarding the key responsibilities of ti'iistees in an induction pack. They are brouglil uplo speed with Il)e key projects of Ilie cl)arity, fiiiancial Inatlers and any other CLirrenl relevai)l issues of tl)e charity. Tliey are giveii access to copies of l)i5toi'ical Iru5tees iiiinules and encoiiragcd lo discuss all aspects of the cliarity with current trustees on ai) iiiforinal ba51S to gain fi11niliai.ily with (he affairs of the charity. Tl)e prineipal address of the Charity is: Skanda Vale, Llanpuiiisainl, Caiinarlhenshire SA33 6JT Relcv&nt Organislltions Baiikers: CA F Bank Ltd.. Kings I lill, Wesl Mal liiig, Keiil ME19 4TA Lloyds Baiik Lid., 43 King Slreel, Cai'i)iaillien SA31 I B W Auditors.. Ashiiiole & Co, The Old Scl)ool, Tlie Quay, Cai'iiiaril)¢ii SA313LN liisurRiice Broktr5: Hetile Andrews, Eleven Brindley Place, 2 Brunswick Square. Birmiiigham, B12LP SolSeltors'. Sloii¢ King. 13 Qiieen Street, Batli, BA12HJ Ile5trictions Imposed by Goveriiing Instrumciits CoJiceriiii)g tlic Operftlion of tlie Cliarily l ) Tl)¢ Ti'uslee5 shall liold al least 4 Ordiiiary Meelii)gs iii each year, al least one in evel'y quai1er. 2) Tlie objects of Ilie trust sliall only be proiiioled iii such a way as lo beiiefil the public 3) F.very niatter al ai)y iiieeling of the Trustees shall be delerinined by the iiilljority of votes of the Triislees voting 01) tlie i)iaiier. In the case of equalily of voles, 11)e Cl)airiiiai) sliall liave Ilie casting vole wlietlier he lias or lias not pi'eviously voted. Tlie Trust Deed provides for stricter Iiiiiiiiiiuiii quorlim reqiiireinenls for otlier specific nialtei's tlierein. 4) A Miniiles13ook shall be provided and kept by tlie Ti'uslees aiid Ilie pi'oceediiigs aiid resolutions of any Ineetii)g sliall be cvideiiced Iherein. 5) Tlie Ti'uslees Inay open and i)iaiiiliiin bank accouiils ii) tlic Cliai'ily's iiainc opci'alcd by al least two TrLlStees noininaled by the Board of Ti'iistees. 6) Tlie Ti'uslees 51)all pi'ovide books of accounts in wl)icli shall be kept all pi'oper accolinl of all Inoiiey received ai)d paid for the puiyose of Ilie Charity. 7) No Ti'uslees sl)all lake or hold aiiy intei'¢sl in any propeity subjected to the Deed of Trust otherwise than as a Trustee for the piirposes provided by tlic Deed, or be intei'ested in the supply of work or goods al tlie cost of tl)e Charity. 8) Tlie property subject to the Ti'iist Deed or tl)e iiicoiiie Iliei'eof Shall i)ol ii) ai)y case be applied for aiiy purpose iiot fallin8 wiihin Ilie piirposes declared by Il)e Deed. Triistees lioldiiig tlie tillc lo propcrty beloiiging to tlie cliarity A Mei)ioraiiduin of I'etireii)ent and appoinlinenl of properly Iruslees dated 30111 October 2017 appointed the following ti'ustees lo liold tl)e tille to all property belongiiig lo the cliarity. All cliarily Land Registry deeds were updated accoi'diiigly. Swam i Govii)dil (Justii) Rayinond Barkei.) Swilli) i Nai'ayanci (Keiineih Charles Vivian) Swain i Suryiinaiida (Michael Denis Begley Page 2
The Community of the Many Names of God Report of the Trustees for tlie Year Elided 31 December 2024 Suni mary of specific investmeiit poivers The Trustees may invest any money requiring inveslinent in or upoi) any investment for the tiine beiiig authorised by law for the investment of trust funds or in the purchase of freehold or leas¢hold lai)d in Great Brilain, provided ihal in relation to any purchasc of fi'cchold or leaseliold land the Trustees sliall obtaiii and consider expert advice as 10 the value aiid suilabilily thereof and shall not iiivest Iiior¢ Il)an oiie Iialf of Ihe funds available for inveslineiil tl)erein, Objectives ol the Charily l ) To proinole, for the benefit of the public, the public worsliip of God in his Universality in accordaiice with ihe spiritual teachings of Krishiia as set out in tlie Bhagavad-Gila, at the Hindii Temple maintained by Ihe Cominunily al Skanda Vale or any ollier places of public woi'ship Inainlained or used by the Cominunily. 2) To advance religioii and religious education by propagatiiig to the public the said spiritual lea¢l)ings aboui Ihe worship of God iii liis Universalily. 3) To mainlaii) a coininui)ily of people living to&Jellier iii accordance willi the aforesaid spiritual teachings as a religious coiiiniunily Pl'OI)ioling SLich public wor51)ip bolli I Ilie leinples Inaintaiiied by Il)e Coininunity and elsewl)ere. offering sl)elier, liospilality and spiritual rcfrcshineiit ai)d whei'e relevaiit relief froin poverty lo those who by reasoii of peiiliry, physical disability or aiiy fori)i of Inental or spiritual breakdowii ar¢ in iieed of such refuge without regard lo race or crccd, sciidiiig out Inei)Ibcrs of11)e Coinn)uiiity to provide spii'illial r¢fresliii)enl and spiritual advice to Ineinbers of the piiblic wlio al'e for the foregoing reason ii) ii¢¢d of such rcfrcsliniei)l or advice and assisting in the rehabililalion of alcoliolics, di'ug addicts or deliiiquenls wlio are iii i)¢ed of sucl) rel)abililalioii. 4) To rclieve the povcrty of descrviiig persons wl)o al'e iii need and lo siipport by donalioiis aiid oiherwise charitable iiislilulioi)s foi. tlie I'elief of poveriy. 5) To relieve tlie sickness and suffering and lo proi)iole the Spiritual well-being of persoi)s of all ages requiriiig palliative, specialist and medical cal'e by Ihe provisioi) of l)01)ie care llnd l)05pice care for both day patients and residenl pali¢iits, Public Benefit I'lie Trustees review on an ongoing basis the policies and a¢livilie5 of the charity lo eiisure they coiilinue to adliere lo Ilie objectives of the Charity takii)gF ji)to consideration bolli Cl)ai'ily Coininis5ioii gei)eral guidance on Pliblic bciiefil and Ilie Coininissioiis svpplcmeiitary guidance on 11)e advai)cei)iei)t of religioi) for th¢ public bei)efit. Policies for Furthcraiice of Objectlves l)ublic Worship The Coini)iuiiily of 11)e Many Nanies of God is comiiiilt¢d to holdiiig and facilitalii)g daily piiblic worsliip ii) tlic four I'eiiiples Inaiiilaiiied al Skanda Vale, proinotiiig religioiis hariiioiiy to the public. In tlie Inaiii Teiiiple lh¢ world's niajor religioiis are repi'esented aiid Ire?[ led willi equal reverence and respect. I"hroughoul the year Inajor festivals of diffei'enl religions are celebrated in the Teinples. Meiiibers of the public are given every possible opporllinily to lake pait iii the devotions to God in Ilie Teinples, irrespecliv¢ of Iheir religiou5 beliefs, race or cre¢d. Developnieiit of Facilities ai)d Scrvices Emphasis is placed oli exlei)ding l)0spilalily to all Ineinbers of the public Coni ing lo Skaiida Vale. The Cominunily has ali oiigoing prograiii to iiiaiiit<llli ai)d iinprove facilities al the Inonaslery to adcquately support the orderly running of an orgaiii5ation tlial caters for ai) aniilial con8r¢galioii of approxiinalely l 00.000 visitin¥ pilgriins, Page 3
Tlie Community of Ilie Maiiy Names of God
R¢port of tlie Trustees
for the Year Elided 31 December 2024
Thc resident Monastic and lay Com ni unity
The Cl)ai'ity fully sUPPOrtS, Slislains and develops the resident moi)astic Cominui)ity of 21 monks and nuns and a
r¢sidei)t lay Coiiiiiiuiiity of 5 based al Skanda Vale, pi'ovidin8 accomniodalioii and reasonable, Inodesl personal needs.
It is tlirough the spiritual practice, dedicalioii and coinmitinent of the resident Coininiinity that the work of tlie charity is
Inaiiifesl and I'ealised. It is a fiindainental prii)ciple tliat the work done by the resident Community is on a purely
volunlaiy basis. No iiiembcr of the Coininunity or Irustee receives aiiy reinuneralion whatsoev¢i' for any woi'k doi)e or
sei'vices provided. The vast Inajority of the daily riini)ing of Skanda Vale Inoiiaslery is done by the monastic
coininuiiily and volunteers: Maintenance of the Teiiiples and provision of Teiiiple services, provision of food and
accoiiiinodatioi) for visiting pilgyrii)Is, cariiig for Ihe aninials and moiiaslery grounds, counselling aiid suppoiting
iiienibers of Ilie public and adinii)islralion of tlie cl)arily.
Iii addilioii lo this tlie Ineiiibers of the Coiiiiiiunily voluiileer substantial lime in significant roles at Skanda Vale
l.lospice.
Educalioii
Tl)e Coii)ii)unily Inakes every effort to engage willi pilgrinis and their fainilies Ihrough dialogue and "saisang" drawing
upon the spiritual ii)spiration aiid expei'iei)ce of oui. lives, educaling people on how to develop a living, vibrant
paitnership with God. Educalioiial visits are welcomed, providing an opportunity for the wider public to learn about the
life and work of the Cominuiiily iii the context of our spirillial life,
Dii'ect Food Aid Ri)d Cl)arity 5111)porl
'riie cliarily conlinLies lo work iyiih local, natioiial, and inlemational cliarities 11)rougli supplyii)g direct food aid for
dislribiitioii.
SkaiidA Vale Hospiee
Oi)e of Il)c corc objectives of Ilie cliai'ily has bcei) lo providc Ill)d develop <7 Pi211ititivc care servicc for people diagiiosed
will) a life Ilirealci)ii)g illi)ess, Towards Ihis Ilie cliarity developed a 6 bcd liospicc ii) Sai'oii Carinarlhei)sliire
The Iruslees sought legal advice wilh regards lo 11)e n)osl appropi'iale governance slruclure aiid legal ei)lity lo run Ihc
iieiv l.lospicc sei'vice. It was decided lo foi'ii) a iiew Chai'iliK ble Incoi'porated Org
The Community of tlie Many Names of Cod Report of the Trustees for the Year LJide(J 31 December 2024 God is free There is iio place for Commercialism in Skanda Vale. There is no charge lo aT]y ill¢mb¢r of the public for food, accomniodalion, Temple services, advice, counselling, and care providcd by niembers of the Coininunity in any aspect of the Charity's work. It is a fundamenlal principle of the Commuiiity never to ask for, infer the need of, or solicit in any way, funds or goods for tlie use of the Comiiiunily at Skanda Vale. Doi)alions and gifts iii kind including the substantial aiiioui)t of food stuffs that are brougl)t to Ihe Coininiii)ily are offei'ed anonymously in the Teii)ples to God and are uscd in Ihe scrvice of God for Ilie benefit of Ihe public. Devotees are thus able lo worship God free froin the feeling ofbeing expected to provide goods or Inoney lo th¢ Coininunily. Opportunities for the public to fiiiancially SLipport the H05pice woi'k of Ilie chai'ily are created ii) Skaiid2I Vale by the provision of a Cafe and gift einporiuin where goods are available oli a doiialioii basis to pilgriiiis. In additioi) the woi'k ofii)e Hospice is supported by fliiidraising events and activities where all fuiids raised are Irealed as reslricled and applied for 11)e Hospice part of the Charity's work. Skanda V&1¢ 15 8 5anctvary for life. Worship of God in his Uiiiversalily is recognising and serving the embodied divinity in all of life and creation. The iiiany animals and plaiits that are part of the Coiminuiiily provide an opportunity for both Ihe monastic Cominunity and the geileral piiblic lo discover and serve God not oiily iii felloiv hiiinan beings bul also in all aspects of life and i)ature. It is Ihcreforc a policy of Ilie Cl)arity to provide all necessary facilities, velerinary care, feed, ai)d aiiy otlier related iteins to eiisure all aiiiinals under tlie care of the Coininuiiily receiv¢ Ili¢ higl)est possible quality of life froiii their birtl), tlirough life, health ai)d sickness, lo their iialural deail), Orgaiilsnllon of tlie Cliarity The Cliarter ofthe Coinmuii ity, Ili¢ iiioiiaslic rlilc of thc Order, is the basis 01) which the Cliarity is riin and orgaiiised. All iiioiiaslic Inei)Ibcrs of Ilie Coiiii)iuniiy hic ve lo I2bide by Ilie Chai'lcr wliicl) lias been drawn up and evolved tlirough experieiice, by the Couiicil of Swainis. 1.hc Iiioi)aslic Coiiiinunity Coiisisls of novices, Inoi)k5, IILins aiid swainis. The Coiincil of Swainis is a group or rive seiiior Inoiiastics respoiisibl¢ for eiisuring Ihc sinootli riiiii)in8 of Ili¢ Coininunily on a daily basis, Ineeling weekly to discuss Ilie chaiigiiig nc¢ds and developiiicnls necessary lo flirlher the work of the Coiniiiuiiily, discussing and Ilddressii)g the probleins ai)d difficuliies Il)al conie lo light ii) crcaling a l)arnionioiis eiiviroiiiiiciit for Ilie worsliip aiid sei'vice of God. Tl)e Iiieiiibers of Il)e Swainis Coiiiicil holdiii&y office iii 2024 were, Sivaiiii Govii)da, Swaiiii Suryaiiiliida, Swaini Nai'ayai)a, Swilliii Yoganaiida and Swain i Prcinaiialaraj. Evci'y qiiai'ler the Ti'uslees of tl)e Coii)n)unity iiiecl to dis¢vss overall policy, fiiiaiicial positioii, projects and ii)allcrs relating to the Coininunily oii a wider SC1< le. All ¢urrenl iiieiiibers of Ilie Swain is coui)cil are Truslecs of the CoininLlI)iIy ai)d liold tlie positions of Cl)ainnaii, Secreiai'y aiid Dirc¢lor of Finaiice. As sucl) Ilie Ti'uslees i?re able lo Inaiiilain clarity of visioii and piiipose iii adlierence to Ilie spiritual leacliiiigs of Krishiia whicli forni Ilie basis of11)e Declaralion of Trust for the Chai'ily. Coi)sultalioi) and discL15SiOlI with Ilie lay Triislees, iiol 01)ly iii tl)e iiieetiiig5 but on a regular infori)ial basis tliroughoul the year, lielps lo ei)rich the brcadili and perspective of Ilie Iriislee body a5 a wliole. All ti'iistees are coiisulied and a Inajority coi)sensus souglil pi'ior lo acliiig on any Inalter jiidged sigiiificant by thc Swaiiii's Couiicil tlial Inay affect 11)e Charity's fiiiaiicial position or abilily to fulfil ils objectives. The charity observes a slrict ii)lernal riiiancial coiitrol policy subinilted as part of our aniiiial audit. Major Events, Progress aiid Achievements ofthe Charity throughout the Year How our Acllvities d¢llver publie beiiefit Public Worsl)iP? pilgrimage, spiritual support and educatioii Tl)e Coiiiinuiiity Colltinued to conduct daily public woi'ship al Ilie four established Temples at Skanda Vale Ilirouglioul tlie year. We esliinate overall pilgrini iiuinbers lo be iii 11)e region of l 00,000. All pilgriins were offered prasadain -blessed food, free of charge. in Ilie form of a full cooked Ineal three tiines a day. Tlie Coii)Iniinily provided fl'ee accoiiiiiiodation at Skaiidil Vale for pilgriins ivisliing to Stay a Ininiiniiin of four iiiglils or Inore. We were 01)ce again able lo host a raiige of ediicalional groups al Ihe Hshram Page 5
The Community of the Many Names ofGod Report of the Trustees for the Year Ended 31 December 2024 Daily audio streaming of live services from the Malia Shakti Teinple continued each evening as well as audio streaming of the Inaiii weekly services and special services from the Subi'ainaiiiuin Teinple. This provided Inuch needed spiritual nourislimenl for our large congregation, Meinbers of tlie public were able to easily subinil on line prayer requests, offered by tlie resident community in the Temples We increased our online content such as video footage of key festivals aiid services and actively used wliat's app gi'oups. Facebook and Inslagrain to post regular content and iiifoiinatioii to devotees We conlinued to riin Soina Skanda Ashram in Switzerland witli a contii)uous presence of iiieinbers of tlie moiiaslic comiiiunity riinning the Teniple Slipporled by oiir Siviss Iruslees and seva teain. Online iiewslelters and posts were I'egularly provided lo lielp eiigage and inspire both exisliiig ai)d new pilgriin5. Faeilily and InfrA.striiclure improvements Iinprovcinenls lo tl)e main carpark were iiiade by tarmacking the enlraiice and access track and adjacent fooipaih for pilgrims leaviiig the car park. The cost of the woi'ks was £28,391 Building work progressed from October 2024 onwards on the iiionastic accon)iiiodatioii block at a cost of £52,392 by yeai. ciid. 'fhe projecl is to provide clcaii, wai'i)i ai)d dry accoiiiiiiodalion for a iiiiiiiber of nioiiks with ensLiile facilities ai)d space lo eiiable carers lo assist if required, as well as a coininunal space for the resident Coininiinily and a Pel'l)1lc l)eiit place for Ilie Coi)Iinuiiilies arcliives. The Sri Sailiyil Sai Ti'iist lias coiiiniilled lo fiiiid the project lo coiiiplelion, the aiilicipaled dale for which is early spi'iiig 2026. Plant, cquipment and Vehicl¢s Tl)e coiniiiunily PLircl)ased a reversible plalc coinpaclor for £2695. a bcncl) planer (£2500) aiid cii'ciilai. saw (£750) for our woodivorkiiig woi'ksliop. A used adapted 17 scalcr Iniiiibus was piirchased for £23,977 priiiiai'ily to ti'aiisport disabled, elderly aiid fl'ail pilgriins wiil)ii) Skaiida Valc. SAllCtuary and Scrviee lo life We PLir¢l)ase 3 Jersey calves ai)d a Bernese puppy Al Ilie end of 2023 work liad started on a new area for Ihe Doiikeys and poiiies ii)corporatiiig a new Inéiiage, livo opeii plan stable blocks willi cushioiied anl slip aiid free draiiiing i)iallii)g ai)d Inulli siirface tracked ai'ea lo encourage i)ioveinenl and exercis¢, Tlie pi'oject was coinpleted by July 2024 al ali ovei'all cost of £63,778 Sustainability Iii Marcl) 2024 the Iruslees agreed lo iiiideitake a fea5ibilily sILidy for a l OOKW wiiid Turbine. Tlie study was favoui'able showing significant potential for electricity geiierKlted by the turbiiie to cul our annual electricity bill (around £50K), ei)<lble lis lo Inove lowai'ds a positioii were all our elecli'icily foi. Skaiida Vale is generated by reiiewables oli sile, as well as providii)g sustainable energy security by Inoving towards Ilie ability lo riin Skaiida Vale iii "Islaiid Mode" ii)depeiidenl of11)e National grid. Ecological siirveys ai)d a Landscape aiid Visiial Assessment were iindertaken and Ilie Ii'uslees agi'ced lo iipgrade 11)e grid coniieclion lo Skaiida Vale lo 3 pliase- reqliired for Ihc tiirbine- this woiild also be a first slcp iii iini)roviiigi Ilie developinenl of onsite electrical infraslriicliire loivai'ds Ihi'ee pliase I'aiher than split phase. The c51iinalcd ovei'all pi'oject cost including Iliree phase upgi'ade quoted in Ilie feasibility sludy ivas £391,000 pliis V A T vliere applicable, of this 11)e actual siipply, inslallalioii aiid coiiiiiiissioning of the turbine itself (imported froin Italy) was quoted at around £257,000 whi¢li should be V A T zero I'aled. The Irusiees agreed to develop tlie project, apply foi. pre plai)i)ii)g advice and full plaiinii)g conseiit with an aiin to coinplete the project belweeii autumn 2025 and spring 2026 subject to planning consent aiid fii)ances. Tlie Inajoi'ily of available uni'eslricted funds (apart fi'oin £60,000 cash reserves) were put aside towards fuiidiiig Ilie project. Two addilioiial electi'ic charging poit)Is were installed at a cost of £1375 Tl)e project lo increase our solar capacily lo 32KW and liiik (lie lop and bolloni sites eleclrically so tlial all renewable iiifrasli'uclures would beiiefit tlie wliol¢ sile was coinplct¢d by Jliiie 2024. Tlic lolal cost of (lie project was £84,476 of wliicli £60,501 Iiad already been spent in 2023 Page 6
The Covnniiinity of the Many Names of God Repoi't of tlle Trustees for tlie Year Ended 31 De¢embcr 2024 Copyright Licence and IP Assigiini¢nts A copyright licence and IP assignmenl had been prepared by Latham and Watkins solicitors, free of cliarge. to protect tlie creative works of Ihe Coinmunily (music recordings, photographs, films. books elc) aiid tliat it was agreed Ihat the Coininunily's legal rights be held by the appointed property Iruslees. Shiva SkaDda Vel Trust A small piece of land in Tiruvannai)ialai, souihei'n Iiidia, close lo Arunachala Mountain had been purclias¢d by a devotee wilh the intention Il)al it be used as a relreal basc for Skai)da Valc and lo develop charitable work in India in keepiiig with the values of ihe Coinniunily. A new charitable trust deed linder the naine of Sliiva Skanda Vel Trust, with objects based on tl)e teachiiigs of Sanaihai)a Dharma. was drafted for Indiaii regislralion. Once registered and Ihc donalcd land transferred to the iiew Iriist then we would work closely willi the Trust to explore developing a 5iinple building suitable for use as a Relreat Flouse, potentially using nalural ecologically siisloii)able Ineiliods as iv¢ll as ¢Stablisliing cliarilable works in and arouiid Tiruvannamalai. The trustees confirined Ihal il is wiihiii our charitable objects lo support such a developineiit. Collftborallon wlth the Sri Sathya Sal Trust (SSST) Tl)c Cominunily has developed a strong relalioiiship with SSST, a regislered charily Ihal shal'es very similai. objectives, Thc 'fi'usl has suppoi1cd pi'ojects IliroughoLII the year and doi)alcd £61,000 in tolal during 2024 in iinrcslricted and desigiialed funds. The projects 11)al Ihc trusl lias Inainly hclpcd suppoi'l iiicludc the dcvelopincnl of rcncwable power aiid siislainabilily, iinproveineiits lo Ilie Ci¢ rc and l)oiisiiig of soinc of oui. aiiiinals, iiMprovcn)cnls lo mona51ic accoii)Inodatioii lo support elderly Coinniunily iiieinbers, Mcdia aiid volunteer prograins, kids relrcat and our food aid prograin Voluiiteerliig Seva (Selflc5s Servicc) is perforined by a rcinge of differei)I groLlPS iiicluding tlie resident moiiastic and lay Coininunily (sce earlicr in report) All 11)e day to day activities at Skaiida Vale tlial help iii Ihe successful runi)iiig of tlie Ashram are perforined by Voluiileers, these are devotees wlio stay 01) eitliei. loiig leri)) or slioil leiiii I'elreal. day visitors who coine oli pilgriiiiage nd by devotees oii a rei)iole basis. Voluiiteerliig Acllvltles Include.. Cooking Prasadaiii (food offei'ed to God iii the Teinples Iliei) sei'ved lo visiliiig pilgriiiis), vegetable cl)oppii)g, Sei'ving Blessed food lo pilgriins, Mii)ibus driviiig to Irai)sport elderly pilgriiiis williiii Asliraiii, I'oilels iiiaii)tenai)ce, Cleaiiiiig and tidyiiig leii)ple area5 and aitef<lcls and Gai'deiiing Arranging and sloriiig Offerings brouglil by devotee5' Runnii)g our food aid prograin,. Litter Picking & Bins colle¢lioii' Sieiyardiiig,. Traffic control Car Park assistance,. Mai)aging Café aiid 'l'l)e gift shop. Reception adn)iiiisti'atioii and alleiiding plione calls; Accoiniiiodalion booking ai)d adininistration. Coach bookings. Coiilenl creation ai)d Social Media coiiiiiiiinication5 cliid I'l'aiiscribiiig of Guru's'l'eacli in&Js Participation in project activities aiid maintenance of the ashrain Direet Food Aid 11) 2024 we were able to doiiaie 75.241 lonnes of direct food aid lo 28 different chi1rilie5 and Coininunity Groups This comprised of109 separate donalions of which 591/1 o SUPPOrted local charities in Caniiarth¢nshir¢. 240/0 Ihe rest of Wales. 60/u rest of UK and I l 0/0 Global Wilh a donation froni the Si'l Saihya Sai Triist we purchased a used Inotoris¢d pall¢l stackei. for £4390 lo lielp move tlie large pallets in oui. food aid store. Page 7
The Community of the Many Names of God Report of tlie Ti'uslees for the Year Eiided 31 December 2024 Finaiieial Revieiy General Coniments on SOFA and Balaiiee Shcct The Charity operates both general unrestricted Funds, were funds Can be used foi. any of the charitable objectives of the chai'ily without donor restriction and Resti'icled Funds, were funds are held in a variety of specific funds folloiving doiior reslriclions. Where grants Iiav¢ been received tl)ey are iiicluded iii r¢slricl¢d funds iinless Iliey have been donated towards unrcslricted charity funds. Details of the Cliarity's specific fui)ds cali be foiind in Ilie Iioles to the accouiits. The charity also holds pei-manent endowment fuiids wei'e li) tl)e cliarily's Ciise Ilie assel (land) has lo be used foi. the piirposes of tlie cl)arity and cannot be sold or disposed of. Unrestricted Funds Tliere was a decrease in overall income lo Ilie cliarity uiirestricled fiinds to £778,786 (£956,675 in 2023). In 2023 we )ad received fairly significant doi)alions towards the 50, Annivei'sary pi'ojects ii)clLidii)g Shirdi Sai Temple aiid Vel as wcll AS liaving rcccived £205,000 froin Sri Sailiya Sai Trust in 2023 lowai'ds varioiis pi'ojecls Colllpdred ¢0 £61,000 iii 2024. Total CoininLinily expenditur¢ of unrestricted funds on charitable activities at £600,091 was very siiiiilar lo tl)e previou5 year's figui'e of £594,008. At year end £238,738 of uiireslricled funds was held in cash in varioLlS accoiints. Ile51rictcd Funds There was de¢rea5e iii overall I'esti'icled incoiiie fi'oin £65,170 iii 2023 10 £40.499 iii 2024 Overall resti'icled fiind expci)dilure decreased froiii £102,700 iii 2023 10 £91,783 in 2024 MAjor developmcnts sincc year eIid rull Planniiig consenl received for a new kilcl)eii, woi'ks oli tlie project liave begun Sepieniber 2025. The Cominunity lias I'eceived an offer lo spoiisor the pi'ojeet. Dcv¢lopin¢nl of a Seva14ub al Skanda Valc to pi'ovide a ceiilralised place foi. pilgriins lo explore voliinleering opi)ortiiiiilics boil) al Skaiida Vale and al Skaiida Vale Hospice New adventure Playground fully opened in May 2025. rull Plaiining coiisent for wind Turbine was received in October 2025 Wclsl) Govei'iiii)ei)l Grai)l awarded froin Ynni Cymru in Septeiiiber 2025 foi. £150,000 towards tlie cost of the Wind Turbine project- subject lo con)plelion and Co11lSsIonlI1g by 31, Mai'cli 2026. Sliiva Skanda Vel Tivsl becai)ie I'egi5tered iii Iiidia and tlie land al Tiruvannaiiialai lias been transferred to the Trust Fuiids aiid Rcservcs AI 31,12.2024 the charily lield £5,760,693 of lolal fuiids. Of these fiinds £2,396,490 was held in restricted funds not available for tlie general piirposes of the charity. A fui1her £440,000 is held as pernianenl Endowinent and as such nol available for the general purposes of Ihe charity. These funds are all lield as lai)gible fixed assets witl) a doiior restriction that Iliey cannot be disposed of. £2,924,203 of charity funds are held as unrestricted funds of which £2,639,036 are held as tangible fixed assets. Tliis leaves £285,167 available as uiireslricled fuiids as cash towards Ilie Turbin¢ project and I'esei'ves. Page 8
Tlie Commuiiity of the Many Names of God Report of the Triistees for the Year Ended 31 December 2024 Free Reserve5 at year end 2024 This leaves a tier 3 free cash reserve of £60,000 at year end 2024 (see beloiv) witli the option to delay the lurbine project lip to the point of order if the fiiiancial position of the cliarily requires. The trustees review lh¢ Charity's needs for reserves quarterly to in line with tlie SORP (FRS102). Tler l Sea5h flow reserve5, are to ensure ihere is SU1cle1)t cas1) flow available lo guarantee the day to day rui)niiig of the charity. They are calculaled prior to each trustees Ineeling (Ininiiiiuin quart¢rly) and are equal to the projected iiicoinel expendilure deficit over Ihc followiiig 12 iiioiith period. This amount is then added lo tier 2 and lier 3 r¢s¢rves Tier 2 4runiiiiig eost reserve5, are lo saf¢giiard tlie cliarily throiigl) periods of unexpected difficulties. The ruiining cosl I'eserves are currently set al £40k- this figure is reviewed eacl) trustees meeting Ti¢r 3 'surviv#l reserves, are to enable Ilie charily to Slirvive uiiexpecied severe financial ¢halleiiges. The survival rcservcs are CUlTeiilly set al £60K this figure is reviewed eacl) Iruslees Ineeliiig Generally miniiiiuiii reserves (tier 2+tier 3 kept) subject to there beiiigj iio forecast deficit over the folloiyiiig 12 monihs, equals £IOOk. Tli¢ trustees acknoivledge Ihal reserves ai year eiid are in excess of £ I Ook as Ilierc is iio foi'ecasl deficit over Ilie followiiig 12 Inonlhs. However tlie tl'l15tees liave Inade tlie decisioii lo build lip fuiid5 towards Ihe supply and ii)slallatioii of a l OOKW Wiiid lurbiiie witli ali ovci'all project cost of belweeii £350k aiid £400k R15k Slat¢ment The Charity Trustees have given consideration lo tlie Iiiajor risks to which the charity is exposed and satisfied Ilieiiiselves that syslcins or proccdurcs are cstablislicd iii ol-der lo Iiiaiiagie Il)ose risks The Pi'iiicipal Risks and uncertainties faciiig Ilic charity as ideiilified by tli¢ Iruslees Ideiitifyiiig Risk Th¢ trustees have considei'ed tlie followii)g areas to l)elp idenlify Il)e risks lo the cliarily: The charity's objectives The delivery of project outcoiiies th1( t iiced to be aclii¢ved Tlie iialure and scale of our activities Tlie opei'atiiig slriiclure of oui. orgF1( 1115lilioi) Exlcriial factors such c1S I'egul<ilioii. legislalioii aiid regislralioi) Tl)e followiiig table suminarises the I'isks, their poleiitial iinpact ai)d the plans aiid strategies Ilial the trustees liave iiiiplemeiiled to Iniligale the risks.. Page 9
The Community of Ilie Many Names of God Report of the Trustees for the Year Ended 31 December 2024 ,' lihi'p.'act:: Governance risk Trustee body lacks skills and conf idence Too many big decisions in the hands of a few individuals. Trustees need training to boost confidence to take ownership and initiative over project / tasks. Loss of key staff Operational impact on charity Comprehensive, accessible and secure filing system with full backup Key roles and responsibilities understudied Overload of key staff Trustees unable to fulfill responsibilities effectively Sha ring responsibilities and annua I review of trustee roles. Quarterly risk review. Reporting to trustees accuracy, timeliness and relevance. Lack of time to review information and formulate an appropriate response. Timely and accurate project reporting. Regular contact between trustees and senior staff, to spread workload if necessary. Operational risk Project or seNice development Funding and financial viability Clear prioritizing of projects within organization Ensure realistic allocation of both, financial and human resources Ensure communication f ilters effectively th roughout the organization, ensurin8 ra pid response to developing pressures Promoting awareness that the success of hospice relies on the success of Skanda Vale Project & staffing viabil ity Compatibility with priorities Building and site security Loss or damage of equipment {lT, Fixtures a nd fitti ngs) Theft CCTV Facility management procedures for day and night times Create asset register for insurance lespecially IT) Annual Review of insurance cover Provide lockable filing and archiving cupboards Have safe custody arrangements for title documents and land registrv, keep copies of documents at Skanda Vale Loss of critical data, breach of confidentiality Page 10
The Community of tlie Maiiy NAmes of God Report of the Trustees for the Year Ended 31 Deceniber 2024 Volunteers Inexperienced volunteer staff, Def ine clearly structured roles for all volunteer tasks Provide adeq uate training accordi n8 to designated job role Supervision procedure Lack of competency / support Inadequate tra inin8 for role Irre8ular attendance, unreliable Inductlon training, induction time by sen ior staff Equal opportunities issues Health, safety and environment Liability claims Injury to staff a nd the publ Ic Illness, Infectlons Comply with law and regulations Staff and volunteer trainin8 in H&S policie5 and procedures, care and food hygiene standards Reportln8 and monitorln8 proced ures laccident5, defects) Re8ular organizational risk review Review insurance cover Dlsaster recovery and plannln8 Computer system failure, data loss A8ree emer8ency arrangements Document IT recovery plan. Review data backup procedures Review insurance cover Destruction of property and records through elemental damage L055 of mains supplies Agree facility management procedure and servlce / Ensure maintenance procedures for backup utilities Such as generators, pumps, storage equipment Information Technology Loss / corruption of dat For recovery and backup see chapter dlsaster recovery Document measures to secure and protect data Update documentation of IT network. Undertake Internal GDPR compliance audit Agree to plan for network redundancy Keep hard copies of essential records in secure fili nB system Breach of data protection laws including GDPR Unavailability of IT network Unable to run charity eff icientlv, Internal communication breaks down Pag¢ 11
The Community of the Many Nanies of God Report of the Trustees for the Year Eilded 31 December 2024 Fina ncia I risks Budgetary control and financial reporting Inability of having funding available for level of seNice commitment made Delayed recognition of drop in voluntary income Regular evaluation of financial budget forecasts with actual balances at trustees meetings Consewative approach to income forecast and growth for grant / fund income Reserves policy Lack of funds or liquidity Regularly review reseNes policy and status Review cash flow and liquidity Allow reserves for when funding might be withdrawn Cash flow sensitivity lrnpact on operational activities Ensure adequate cash flow projections Identify cash flow peaks, compare with forecast budgets Lack of liquidity to cover variance in costs Dependency on income sources Cash flow and budget impact heavily dependent on voluntary income through Skanda Vale Temple Identify other major dependencies Consider diversif ication plans Investment policy Financial loss through lack of investment advice, lack of diversity Cash flow difficulties arising from lack of liquidity Review investments pol icy Ensure investments can be freed according to project forecasts Environmental or external factors Public perception Impact on charitable income Agree early data collection system for statistics and evidence Agree on targeted f uture service agreements Ability to access grant or contract funding Support from other health care providers Page 12
Tl)e Comvnuiiity of the Many Nanies of God Report of the Trustees for the Year Elided 31 De¢¢mber 2024 Adverse publicity Reputational risk Communication of charitable activities a nd financial situation with supporters, beneficiaries and funders Keep websltes updated ensure good quality reporting via in house design and communication team Incorporate codes of good practice and national guidelines in procedural system Misunderstanding of spiritual background ofskanda Vale Temple Loss of beneficiaries and donors confidence Loss of trust of health care professiona Is and providers Current Conflict in Europe and Middle East Cost of Living Increases Review budget expenditure and cash flow quarterly Develop strategy and infrastructure to be off grid and energy independent Fuel and Power disruption Significant fall in donated food Mon itor situation regula rly, Suspend food aid program to larger organisations if necessary focus on supporting individuals and smaller local community groups Risk of infection to resident Page 13
The Community of the Many Names of God Report of the Trustees for the Year Ended 31 December 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The ti'ustees are responsible for preparing the Report of ihe Trustees and the financial stalements in accordance with applicable law and United Kiijgdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare flnancial statements for each ftnanc?al year. Under that law, the trustees have elected lo prepare the financial statements in accordance with United Kingdoni Geiierally Accepted Accounting Praclice (United Kingdom Accounting Siandards and applicable law). Uiider Charity law the trustee5 must not approve the financial stalements unless they are satisfied thai ihey give a Irue aiid fair view of tlie state of affairs of the charity and of ihe incoining resources aiid application of resources, including the ii)coine and expenditure, of the charity for that period. In preparing those fiiiancial stateinents, the ti'uslees al'e required to select suitable accounting policies and then apply tliem consistently. observe the methods and principles in the Cliarities SORP. Inake judgeinents ai)d estimates that are reasonable and prudent; slaie whether applicable accounting standards have been followed, subject to any material departures disclosed and explaiiied in the financial statements. prepare the financial statements on the going concern ba515 uiiless it is inappropriate io presuine that the Charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with ieasonable accuracy at any time Ilic fiiiaiicial position of the Charity and to enable them to ensure that the financial statejnenls comply witli the Charities Acl 2011 ai)d 11)e Chorily (Accounts and Reports) Regulations 2008. They are also responsible for safeguardiiig the assels of ilie charity and hence for taking reasonable steps for tl)e prevention and deteclion of fraud and other irregularities. Approved by order of the board of trustees on ..21.l.I...L.Trs................ and signed on its behalf by: Swaiiii Suryananda (Chair of rus Swami Yoga nda Page 14
R¢porl of tlie Iiidepejideiit Auditor5 to the Triistecs of The Community ofthe Many Names of Cod Opinion We have audited the fiiiaiicial statein¢nts of The Community of the Many Names of God (the 'charity') for the year ended 31 Decembei. 2024 which comprise Ihe Stateinent of Financial Activities, the Balance Sheel, the Cash Flow Staleinenl and notes to the fii)ancial statements, including a suinmary of significant accounting policies. The financial reporting franiework that has been applied in ih¢ir preparation is applicable lai¥ and United Kingdom Accountii)g Standards (United Kingdom Generally Accepted Accoiinting Practice). Iii our opiiiion the financial slatemeiils.. give a true and fair view of the slate of the charity's affairs as al 31 December 2024 and of its incoming resources and application of i'esources, foi. Ihe year Ihen ended; have been properly prepared in accordaiice with Uiiited Kingdoim Gei)erally Accepted Accounting Practice. aiid have beeli prepared in accordaiice wilh the requireinenls of the Charities Acl 2011. Basis for opinioii We conducted oiir audit in accordaiice with Inlematioiial Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our r¢sponsibililies under those standards are fui11)er described in Ihe Aiidilors, responsibilities for Ihe audit of the rinancial sla¢ein¢nls seclioii of our reporl. We are ind¢pendei)l of the charity in accordance witli the ethical requii'einenls Il)at are r¢levant to our audit of the fiiiai)cial slaleinenls in the UK, includiiig the fRC's Elhical Staiidard. lid we have fulfilled our oiher ¢ihical responsibililies in a¢¢ordance wilh th¢s¢ requirements. We believe that tlie audit evidence we have obtaiiied is sufficieiil and appropriate lo provide a basi5 for our opinion. Conclusioiis relatiiig to going eoiicern In auditing the financial slalein¢iils, w¢ h4v¢ conclLid¢d Iliat th¢ trLlStee5' us¢ of the goiiig concern basis of accounting in the preparation of tlie financial stateiiienls is appropriale. Based on the work we l)ave perfoiined, we have iiol identified any malcrial iincertainties relating to events or condilioiis tlial, individually or collectively, Inay casl significant doubl on Ilie charity's ability lo continue A5 a going coiicern for a period of al least Iwelve nionihs fi'oin whei) Ilie fiiiaiicial slaleinenls are aiiiliorised for issue. Our responsibilities and the respoiisibililics of the trustees wiih respect to going concern are des¢ribed iii the relevant sections of this I'eport. Ollier Iiiformalion I'lie Ii'uslecs are responsible for Il)e oilier infoi'inalion. The otlier ii)foriiialion coinprises the inforinalion includcd iii the Aniiu<il Report, otlier Ihaii Ilie financial stateineiits and oui. Repoi1 of Ilie Independei)l Auditors Iliereoii. Oiir opinioii oli the financial statenienls does iiol cover the oil)er iiiforinatioii and, except to th¢ ¢xlenl otherwise explicitly slated in our repoil, we do i)ot express ai)y fonn of assurfin¢e coiiclusion Iliereon. In coiii)eciioi) iyilli oiir audit of tl)e fiiiai)cial slilleiiients, our respoiisibilily is to read the oilier iiiforn)alioii and, iii doiiiL so, consider whell)er the olhei. iiifoi'iiiaiioii is iiiatei'ially iiiconsisleiit with the fiiiaiicial slalemenls or our kiiowledgtrc obiained in the audit oi. Ollieis¢ app¢ai's lo bc iiial¢i'ially Inisslaled. If ive identify such Inalerial incoiisislencics or apparent Inaterial misstatements, we are required lo d¢lerniin¢ whether this gives rise lo a Inaterial InisStal¢in¢iit in Ilie fiiiaiicial slaleinenls Ihemselves. If, based on Ihe work we liave pci'fornied, we coiicliide 11)at Iliei'¢ is a 111alei.ial misstal¢in¢iil of Il)is other iiifornialion, we are required lo report thal fa¢1. We liave nothing to report iii this regard. Matters on which we are required to report by exception We have iiothing lo report iii respcct of the following Inallers where the Charities (Accounls and Reports) Regulatioiis 2008 rcquires LIS lo I'epoit lo you if, in oui. opinion.. the ii)foiination giveii in the Repoi'l of the Trustees is inconsislenl in any Inalerial respect willi the fiiiancial slaleinents. or siirricient accouiiliiig record5 Iiave i)ot been kepl. or Ilie fin<lllCi(I1 sli1teiiients are not in agreement iviil) the accoiinling records and returns; or we liave iiol received all tlie iiiforin<1tiOl) c1nd explanations we require for oui. audit. Page 15
Report of the In(lependeiit Auditors to the Trustees of The Conimunily of tlie Many Name5 of Cod Responsibilities of trustees As explaii)ed more fully in the Statement of Ti'ustees, Responsibilitie5, the Iruslees are responsible for the preparation of the financial stateinents which give a true and fair view, and for sucli iiiternal control as the trustees determine is necessary lo enable the preparation of fiiiaiicial slalemenls tl)at are free froin inalerial misslateineiit. whether due to rraud oi. en'or. In prepai'ing tlie fiiiancial slalemenls, the trustees are responsible for assessing the charily's ability lo continue as a going concern, disclosing, as applicable, i)iatters related lo going concern and usiiig the going concelli basis or accouiiling unless the trustees eiih¢r inlei)d lo liqiiidale Il)e cliarily oi. to cease opei'alions, or have no rcalislic aliernalive bul to do so. Our responsibilities for the audit of the financial statemeiits We liavc bccii appoiiiled as aliditoi's linder Seclioii 144 of Ilie Cliarities Act 201 l and report in accordance wilh the Act and relevai)t I'egulations Inade or having effect Iliereiindei.. Our objectives arc lo obtain reasonable assurance aboiil wheiher the fiiiancial slatei)iei)ts as a whole al'e free froin Inalerial Inisslaleineiit, wlieilicr due to fraud or eiTor, and to iSSLie a Reporl of Ihe Indepei)denl Auditors that iiicludes our opinion. Reasoiiable assurance is a higl) level of assurance, but Is nol a giiaranlee that an audit conducted ii) accoi'dance with ISAS (UK) will alivays detect a Iiialerial Inisstateinent when it exists. Misslalemenls can arise froin fi'aud or crror aiid arc coiisidered mil lerial if, iiidividiially or iii Ihe aggregate. Ihcy could I'easoiiably be expected lo ii)flueiice Il)e ecoiioin ic dccisions of usei's lakeii 011 tlie basis of Iliese fiiiaiicial slaleiiienls. I'he exlenl lo which our procedui'es are capable of delecliiig irregiilai'ilies, including fraud is detailed below.. In ideiitifying and assessiiig risk5 of iiialerial misslaleiiient of irregularities, incliiding fi'aiid ai)d non-compliance wilh laws and I'egulalioi)s, we coiisidered the following.. naliii'c of tlie cl)<irily <ind the sector in wl)ich it opci'alcs Ihc legal ai)d I'eglilaloi'y fi'<iiiiework iii wl)icli Ihc cliarily operates. and iii particular those laws and regLilalioiis thai directly affect tl)e fii)aiicial slaleiiienls oi. have a fundaiiieiilal Cect oli opcralioi)s eg Cliarilies Act 2011 I'esiilis of enqiiiries of iiianageinenl and Iliose charged willi goveriiance aiiy Inatlei's I'elaliiig to.. Tlie cliarily's policies and pi'ocedui'es for ideiilifying, evalliating and coiiiplyiiig with laws aiid regulalioiis, aiid wliellier there were any known iiislaiices of noii-coiiipliaiice. b. Detecting and responding lo the risks of fi'aud and wliether there is ai)y kiiowledge of actual, siispecled or alleged rraud. The inlenial controls established to Iniligale risk of fraLid or noii coiiipliaiice with laws and regulations. A5 a result of perforniing the above, we did i)ol identify any key audit nialters related to potential risk of fraud or non coiiipliaiice witli laws and regulations. In addilioii lo the above, our procedures iiicliided, rcviciving the financial staleinent disclosures and testing to supporting docliinentalion lo assess relevant laws and eiiquii'ies of i)iai)agei)ient and those cliarges with governance concerning aclual aiid potential liligalion claiins perforn) ii)g analytical review procedures lo ideiitify any uniislial or iinexpecled i-elationships that may indicate risks of Inalerial Inissl<ltenient diie lo fraud I'eview of Inii)ule5 of Iruslee Iiieelings wi'ilten I'epresentalioi)s A furtlier description of our responsibilities for Ilie Iiiidil of Ilie fii)ancial slclteineiils is located on the Financial Repoi'liiig Coiii)cil's website at iyiYw.frc.01-g.uk/aiiditoi'si'espoiisibilities. I'liis desci'iplioii forim5 pai1 of our Report of Ihc Iiidependenl Auditors. l)age 16
Report of thc Indepeiideiil Auditors to Ihe Trustees of The Commuiiity ofthe Many Names of God Use of our report This report is made sol¢ly to the charity's ÉnJ5tees, as a body. in accordance wilh Pai1 4 of the Charities (Accouiits ai)d Repoi1s) Regulations 2008, Our audit work has been undertaken so that lye might stale to the charity's iruslees Ihose mall¢rs we are r¢quir¢d to stale to th¢in an auditors. report and for no oiher putpose. To the fullest exlent pcnnitted by law. we do noi accept or assume responsibility to anyone other than the charity and the ch8rily'S Irustees as a body, for our audit work, for this report, OT for ihe opinions w¢ have fornied. Ashnioic and Co. Cl)anered Certified Accoiintants and Statulory Auditors Williainslon House 7 Goat Street Haverfordivest Peinbrokesliire SA61 IPX Date: l-ia Jo4( Page 17
The Commuiiity of the Maiiy Names of God Statement of Finklncial Activities (or the Year Elided 31 December 2024 31.12.24 Total funds 31.12.23 Total fui)ds Unreslricted runds Resti'icled funds Endownieiil fund Notes INCOME AND F.NDOWMENTS FROM Donalions and legacies 765,759 33,294 799.053 989,978 Cllarilable activities Skanda Vale Coininunily Playgrouiid Bi'eclifa xi)ias hainper 500 15,000 3,000 500 3,000 500 Iiivesli)iei)l incoiiie other income 722 722 449 Totlll 778 786 819285 1021845 EXPENDITURE ON Cliai'itAblt activities Big Lotto Skai)da Vale Cominiinity I,'ood Aid l-lospice Care Management of Conservalioii Area Vcl)icle Fui)d l)laygi'oiind Brecl)fa xi)ias hainper i 0,000 706 1,246 73,265 i 0,000 600,797 1,246 73,265 i 0,000 594,008 1,333 87,979 600,091 147 1,814 4,097 508 147 1,814 4.097 508 156 2,267 965 Total 600091 691874 696 708 N¢1 b?<iiiis/(losses) on iiiveslineiils INCOMEI(EXPENDITURE) 177,652 11894) (51,284) 126,368 326,405 'rrffjiiisfei's beliveeii fuiids 19 Net Inovoment iii fuiids 165,758 (39,390) 126,368 326,405 RECONCILIATION OV Total funds broiigl)I forward 2,758,445 2,435,880 440,000 5,634.325 5,307,920 TOTAL FUNDS CARRIFD FORWARD 2 924 203 2 396,490 440 000 5 760 693 5 634 325 The iioles forii) part of Iliese finaiicial slaleinei)ts Page 18
The Community of Ihe Many Na¢5 of God Balance Sheel 31 December 2024 31.12.24 Total funds 31.12.23 Total fuiids Unrestricted funds Restricted funds Endowinei)t fund Notes FIXED ASSETS Tangible &5selS Invesinienls 12 13 2.639,036 2,377,152 440,000 5,456,188 5,416.572 2,644.991 2,377.152 440,(K)O 5,462,143 5,423,569 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 14 15 5,305 70,754 238 738 5,305 72,500 258 873 5,305 66,028 201329 1,746 314.797 21.881 336,678 272.662 CREDITORS Aiiiounls falling due within one year 16 (35.585) (2.543) (38,128) (54,199) NET CURRENT ASSETS 279212 298 550 218 463 TOTAL ASSETS LESS CURREI NT LIABJLITIES 2,924,203 2,396,490 440,(KIO 5,760,693 5.642,032 CREDITORS Aiiiouiils falliiig due after more Ihaii oiie yeai. 17 (7,707) NEIT ASSETS 2 924 203 2 396 490 440 000 5 760 693 5 634 325 FUNDS Ui)resiricied fuiids Reslricled funds Endowinei)t funds 19 2,924,203 2,396,490 440,000 2,758,445 2,435,880 440 000 TOTAL FUNDS 5 760 693 5 634 325 The fiiiancial slateinents were approved by the Board of Trustees and auihorised for issue on and ivere sigiied on ils behalf by: Swaini Suryananda - Trustee Swaini Yo ananda- Trustee The noles forni part of these financial staiements e 19
The Community of the Many Names of Go(1 Cash Floiv Statement ror tlie Year Elided 31 December 2024 31 12.24 31.12.23 Noles Cash llows from operating activities Cash genei'aled from operations Interest element of hire purchase payinenls paid 291,240 493.394 Net cash pi'ovided by operating activities 290 083 492 377 Casli floivs from investing Rctivities Plirchase of laiigible fixed assets Sale of langible fixed assets Sale of fixed asset investinei)Is Inleresl received (228,678) 11,499 (1,043) 722 (572,006) 205,327 1,268 449 Nel casli used ii) iiivesling aclivilies 217500) 364 962) Casli llows from financiiig aetivities Capital repayineiils iii year 15039} 22 558) Net casli Lised in finaiicing activities 15 039) 22 558) ClIAiige iii ¢8sli and ¢Rsli equivaleiils iii Ilie I'eporliiig pcrio(I CH511 Aii(J casli cqiiivaleiils at tlic begini)ing of tlie rcportiiig pcriod 57,544 104,857 201329 Casli And cash cquivalents at thc ciid of tlic reporliiig i)¢i'io(I 258 873 201329 Tl)e notes foriii parl of these fiiiaiiciill slaleinenls Page 20
Tlie Coinmuiiity of the Many Name5 of God Notes to the Cash Floiv Statemeiit for the Year F.iided 31 Deceniber 2024 RECONCILIATION OF NET INCOME TO NF,T CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net iiicome for the reporting period (as per the Statement of Fiii#ncial Aclivitics) A(Ijustiiieiits for: Depreciatioi) charges Lossesl(gaiii) on iiivestineiits Loss on disposal of fixed assets Ii)leresl received Interest eleinenl of hire pui'cliase and finaiice lease renlal payiiieiils Iicrea5e iii debtors {Decrease)liiicrease in creditors 126,368 326.405 170,355 2,086 7,205 {722) 1.157 (6.470) 161,959 {2,536) 21,514 (449) 1,017 (30,085) Nct casli provided by operatioiis 291240 493 394 ANALYSIS OF CHANGES IN NET FUNDS Al 1.1.24 Cash llow Al 31.12.24 Nel cfish Casli ai baiik aiid in liand 201329 258 873 201329 258 873 Debt Finaiice leases 22 746) 22 746) Total 178 583 251 166 Tl)e note5 foi'in part of Ihese financial slalements Page21
The Comniuiiily of Ilie Many Names of God Notes to the Fiilancial Statemeiils for the Year En(Jed 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statemeiits The fii)aiicial stateinenls of the cl)arity, wliicli is a public benefit enliiy under FRS 102, have been prepared in accordai)ce with the Chai'ities SORP (FRS 102) 'Accountiiig and Repoiting by Charities: Sialenient of Recoininended Practice applicable to charities pi'eparing 11)eii' a¢coiinls iii accordance wilh the Financial Reporliiig Standard applicable in ilie UK and Repiiblic of li'eland (fRS 102) (effective l Januai'y 2019),, Fiiiancial Repoi1ing Staiidard 102 'The Fiiiancial Repoiting Standard applicable in the UK and Republic of Irelaiid, and the Cliarilies Act 2011. The financial staleineiits have beeli prepared under the historical cost coiivenlion, with the exception of investinenls whicli are incllided at market value, as modified by the revalualioii of cerlaii) assets. Income All income is recognised in the Slaleineiit of Finaiicial Activities once the cliarily has entitlement lo the funds, il is pi'obable that tl)e incoine will be i'eceived and Ilie ainount cali be ii)easui'ed reliably. Expenditure Liabilities are recognised as expeiidiliirc as soon as Ihei'e is a legal or ¢onsli'Ll¢tive obligation coinmilting Ihe charity lo that ¢xpei)dilui'c, it is pi'obable that a Iransfei. of econoinic benefits will be reqiiii'ed iii seiileiiienl and Ilie aiiioiii)l of the obligalioii Can be iiieaSLired reliably. Expeiidillire is accounted for oli ali accrua15 basis aiid has been classified uiider lieadings Ilial aggi'egate all cost related lo Ilie category. Wliere costs cannot be directly allribiiled lo parliciilar headings Ihey liave beeii allocated lo activities oil a basis consislenl with the use of resources. Allocation and apportioiimciit of costs Cosls liave becn allocated a5 fai. as possibl¢ between Ilie expeiidilui'e categoi'ies of tlie Slalei)ieiil of Fiiiailcial Aclivilics on a basis dc.8igncd lo rcflccl Il)e use of Ilie resoui'cc. Costs I'elaliiig to a P1[ rticular aclivily are allocalcd dirccily. oilici's havc bccii appoi'lioiicd based oli Ilie esliiii<iled ilsii ge of Ilie I'esource. Siippoi'l costs rcprcsciil Ihc c051s of tlie Inaiiageiiieiil of the cl)1l1'ilies assets Iliid coinpliance will) conslilulional and slalutory I'equireiiieiils. Taiigiblc fixed asscts Biiildii)gs are split iiito two categorie5 of asset. Class I buildii)gs al'e Iliose of iiiore diirable type geiierally coiislriicted froiii stoi)e/coiici'ele iviili sli¢ le I'oof. Class 2 biiildii)g5 are less durable aiid Inay iiicliide Inaiiy agriciiliLlI'al types and are geiierally coiisli'iicled fi'oiii liiiibcr iviil) Inelal sliecllpolycarboi)ale/liinber roofii)g. Biiildiiigs Class l iiicliidiiig siibseqLiei)t iiiiproveiiieiils aiid iii)pi'oveineiits to laiid al'e depreciated al 2% per RI)IILllii on a straigl)I line basis fi'oin the date 11)e assets were bi'oiiglil iiilo lis¢. Ai) esliiiiale of Ihe inilial Cost of laiid wliere laiid aiid biiildings were pui'cliased logyetlier has becii iiiade iii consulialion iviili eih charities advisei's. Tlie vallie of lai)d at Cost is iiol depi'ecialed. Tei)Iple aiid oil)cr asscls iiicludii)g various leinple aiiii)ials aiid adoriiinenls al'e not depreciated. Aniilial depreciation l'ates on all ollier fixed assets are applied on a I'educing balaiice basis fi'oin the dale Ihe asscl is broiigl)t into iise apart from softivare wliere a 5tl'<iighl lii)e depi'ecialioii ral¢ of 200/0 per ani)uii) is used. Tlie depreciation rales for tl)e different classes of tangible fixed assets are as follows.. Land Buildings class I IiifrastrLicILire 14uildings class 2, strucliircs & enclosures Elepl)ant liouse Office equipinent Plant & eqiiipiiieiit Fixtures & fittings Vehicles Softivare nil 2 % sti'aiglil liiie 30/0 reduciiig balance 50/0 I'educiiig balance IOO/o I'educiiig b(2lance I 00/0 reducii)g balance l O % I'educii)g balance I 00/0 reducing balance 20 % reduciiig balai)ce 20 % slraigl)I line Page 22 coiiliiiued.
The Conimunity of tlie Maiiy Names of God Notes to the Financial Stateiii ents - contiiiiied for the Year Lnded 31 December 2024 ACCOUNTING POLICIES - eontiniied Stocks Stocks are valued at il)e lower of cost und net realisable value, after lliakiiig due alloiyancc for obsolcte and sloiy moving items. Taiation Tlie cliarily is exenipt from tax on its cliaritable activities. Fund aeeouiitiiig Uiire51ricied fuiids can be used in accordance with the charitable objeclives al Ihe discrelion of Ihe trustees. Resli'icted funds cali only be used for pai1iculai' restricted puiposes within Ihe objects of the charity. Reslriclioiis arise when specified by the donor or when funds are raised for particular reslricled purposes. Further explanation of the nalui'e and puipose of eacli fund is included in the notes lo the financial stateiiienls. DONATIONS AND LECACIES 31.12.24 31.12.23 Doiiations 799,053 989 978 INVESTMENT INCOME 31.12.24 31.12.23 Deposit accoiinl interest Iicoine froin iiivesliiiei)Is 442 280 187 262 722 449 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31,12.23 Activity Skc1nd<i Vale Conii))uiiily Pliiygroui)d Breclifa xiiias l)ainper Grants Graiits Graiits 500 15,000 3,000 500 Grants received, ii)cliided in 11)e above, are as follows.. 31 12.24 31.12.23 Playground Grant 2023 Giirden tool grant Bi'echfa Hainper Gi'aiit 3,000 15,000 500 500 Page 23 coi)tiiiiied.
Tlie Community of the Many Names of God Notes to the Financial Statements continkied for the Year Ended 31 December 2024 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Elig Lotto Skanda Vale Coiniiiunily rood Aid Hospice Care Mai)ageinent of Conservation Area Vehicle Fund Playgrolind Brechfa xmas hainper i 0,000 588,015 1,246 73,265 147 1,814 4,097 508 i 0,000 600,797 1,246 73,265 147 1,814 4,097 508 12,782 679,092 691874 SUPPORT COSTS Govei'i)ance costs Skai)da Vale CoininLlI)ity TRUSTEES, REMUNERATION AND BENEFITS There were no ti'ustees, I'einunei'cltioii or oilier beiiefils for the yeai. endcd 31 Decembci. 2024 nor for tlie yellr elided J l Decei)Iber 2023. The Iruslees who are ii)oiiastics liave Iheii. food, lod8il)g aiid liviiig requii'eii)enls provided by the coiiii)iiiiiily to the sain¢ extent as Ihe I'esl of tl)e i)ionaslic coii)i)iuiiily ivlio are iiol Iruslecs. The tl'U51ees wlio are not i)ieiiibers of Ilic Inoi)astic coiiiiiiuiiity I'eceive food ai)d lodgii)gs lo Ilie saiiie exleiit as any Inember of the public visitii)g tlie coiniiiuiiity who is i)ot a Irustee. Trustecs, expeiises Thei'e were no IrLlStees' expenses paid for tlie year elided 31 Deceinber 2024 nor for the year ended 31 Dcceniber 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Uni'esli'iclcd Resli'icied riiiids funds Endowment fLind Total fiinds INCOME AND F.NDOWMENTS FROM Doiialioi)s and legacies 948,188 41,790 989,978 Cliai'itAbl¢ Activilies Skaiida Vale Coiiimuiiity Playgi'ouiid 500 15,000 500 15,000 Ii)veslii)ei)t iiicoine Olhei. ii)coine 449 449 Total 956 675 1021845 F.XPFNDITURE ON Cliaritablc activitie5 Big Lollo i 0,000 10,000 Page 24 coi)tiiiued.
The Commuiiity of tlie Many Nam¢s of God Notes to the Fiiiaii¢ial Stntcnients continiied for the Year Elided 31 Dec¢mbtr 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eonlinued Uni'estricted Reslricled Endowin¢iit runds funds fund Total fuiids Skanda Vale Cominuiiity Food Aid Hospice Care Manageineiit of C0115ervalion Area Vehicle Fund Playground 594,008 594,008 1.333 87,979 156 2,267 965 ,333 87,979 156 2,267 965 Total 594 008 102 700 696 708 Nel gains on invcstinents NET INCOMEI{EXPENDITURE) I'raiisf¢rs betiveen fuiids 363,935 (37,530) 326,405 Net movemeiit in fiiiids 367,973 (41.568) 326,405 RECONCILIATION OF FUNDS Tolal fiii)ds broughl forwai'd 2.390,472 2,477,448 440,000 5,307,920 TOTAL FUNDS CARRIED FORWARD 2 758 445 2 435 880 440 000 5 634 325 DONATED GOODS AND GIFTS IN KIND The Cl)ai'ily reccives a large ai)IOLlI)l of doiiic lcd goods eacli year. li is a fiindaiiici)lal principle Ihal Iliese goods are off¢red lo God li) Il)e lei)Iples and 11)<lt 11)ey are offered aiioiiyiiiovsly. I'hc Inoiia51ic rule and Iradilioii of Ilie Coiiiinunity is tliat iio iiiaterial Vi11ue be plac¢d 01) Ilie5e goods as Il)cy al'e gifts lo God and lo bc used in Ilie service of God. I'he Iruslees liave coi)sidered Il)¢ Cl)arilies SORP IFRS 102) guidance on donated goods aiid have delenniiied that due lo 11)e operalioiiiil iiature of Ili¢ cliarily, Ihc iiialeriiilily of Ilie goods rcceiv¢d aiid Ilie use Iliey are PLII lo. the allocalioi) of resources and potei)tial rosl iii valuatioii of doi)aled goods is not jiislilied in leriiis of aiiy benefit to tlie usei's of Ilie account5. A large quanlily of food Ill)d provisioiis is Iinnlially offei'cd, ¢iiablii)g the Coiiiinui)ily to fccd, free of cliarge, all pilgrinis who wish lo receive food olT¢rcd lo God. other donated ileins off¢r¢d iii Ihc tcinples are 115ed iii Ilie ruiii)ing of the Coininuii ity at all levels aiid, wliere appropriate, are givei) to Skai)da Vale Hospice for Lise in their Charity's work. The Coinniunily is also in receipt of a large ainount of building malerials, tools and iiiacliinery given tlirolighoul the year. "files¢ ilcins are Irealed in ex<1Ctly the saine Inaiiner as il¢ins ivhicli il is pra¢lical lo physically ofler iii the teinples - they are gifts to God, u5¢d in Ilie running of the Coininunity for the benefit of the public. Siinilarly no value has been applied lo the 511bslantial enhaiiceinenls lo the original farm buildiiigs purchased by the Coininunily niai)y years a80 lo traiisforiii Iliem into Ilie present day teiiiplcs aiid facilities for the public where the materia15 for Iliese works liave been donaled by devotee5 of the Commui)ily aiid were ii)leiidcd as gifts to God. 11 is lo be noted Il)at il is a fiindamcnlal principle of the Coininunity never lo ask for, iiifer Il)e iieed of or 501icit iii aiiy way. funds or goods foi. tlie use of11)e Coininuiiily, Page 25 continued...
The Communily of the Maiiy Naines of God Notes lo the Financial Slateinents Continued for the Year Elided 31 December 2024 10. LOANED ASSETS The Coniniunity is fortuiiate lo liave the coiitinLied free use of a JCB wlieeled excavator 011 the conditioii that Iiiainlenance, fuel and runi)iiig costs al'e paid for by the Coiiiinunily. UNCAPITALISED ASSETS The Coininunily owns Inany animals and birds. As a sanctuary for life, no animal is ever sold, for there is no guaranlce Ihal it would live out its i)alural life span receiving tlie care and alteiition necessary for a high quality of life. No nialerial value can be pul on life by a Coiiimiinily based on the principal that all life is sacred. There is iio capilalisation in the accouiils of i)iaiiy of tl)e snialler leinpoi'ary woodei) structures primarily used for aiiiiiial accoiniiiodalion. AII IIIC illlc1ges, artefacls aiid adoi'nineiits in 11)e Comi))Linily'S Icinplcs are owned by the Coinmiinity and are iiot givei) a Inalci'ial valuc because of11)eir spiritual value lo the Coiniiiiiiiity. 12. TANGIBLF FIXFD ASSETS Assets Iindei. Freehold property Teinples & Iiifrasli'LicIui'¢ machiiiery Plant and constriiction COST Al l January 2024 Additioiis Disposals Rcclassificatioi) 5,986,945 91,929 (275) 240 48,426 25.675 155,582 52,392 390,127 12,602 (30,183) 60 741) Al 31 Deccnibei. 2024 6 078 839 134602 147 233 372 546 DEI PRECIATION Ai l Jaiiiiary 2024 Charge for yeai. Elimiiialed on disposal ,147,938 119,444 199) 13,376 3,086 214,738 17,440 23 497) At 31 Deceinber 2024 1267 183 208681 NFT BOOK VALUF. At 31 DeCeiber 2024 4811656 118 140 147 233 163 865 At 31 Deceii)ber 2023 4 839 007 155S82 175389 Page 26 coi)IIiiLied...
The Comlliuiiity of Ilie Maiiy Names of Cod Notes to tlie Fijiaiicial StaleIiients contiiiued ror tl)e Year Elided 31 December 2024 12. TANGIBLE FIXED ASSETS - eontinucd Fixtures and filtiiigs Motor vel)icles Coiiipuler equipmenl Totals COST Al l January 2024 Additions Disposals Reclassification 306,292 22,103 (17,032) 160,820 23,977 (14,480) 8.105 7,056,297 228,678 (61,970) At 31 Deceinber 2024 311.363 170317 7 223 OOS DEPRECIATION At l Jai)uary 2024 Cliarge for year Eliininated on disposal 183,007 12,793 72,561 17,595 8.105 1,639,725 170,358 43 266) At 31 Deceinber 2024 184 430 1766817 NET BOOK VALUE At 31 Deceinber 2024 126 933 5,456 188 At 31 Deceinber 2023 123 285 5416572 Fixed assets, incliided iii Il)e above, Ivhich al'e held ui)der liii'e Plircliase contracts al'e as follows: Motor vel)icles COST Al l Jaiiuary 2024 aiid 31 Decei)Iber 2024 DEPRECIATION At l Jaiiiiaiy 2024 Cliarge for year 14,758 At 31 Deceinber 2024 NET BOOK VALUE At 31 Decei)Iber 2024 Ai 31 December 2023 Page 27 conliiiiied.
The Commiinity of the Many Names ofGod Notes to Ilie Financial StatemeRlts - contiiiued for tlle Year Ended 31 December 2024 13. FIXED ASSET INVESTMENTS Listed investiiients MARKET VALUE Al l January 2024 Revaluations 6,997 042) Al 31 Decei)Iber 2024 NF.T BOOK VALUE At 31 Dec¢mbei' 2024 At 31 De¢einbei' 2023 There were no inveslinent assets oulside tlie UK. Cost or valiialion at 31 Deceinber 2024 is represented by.. Listed investiiienls Vallialion in 2024 14. STOCKS 31.12.24 31.12.23 Stocks 15. DEBTORS: AMOUP4TS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Oihcr debtors 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 l-lire piii'cl)ase (see note 18) Trade cirditoi's 7,707 15,039 Page 28 coiitinued...
The Commuiiily of the Many Names of God Notes to the Fiiiancial Statenients - continueil for the Year Eiiiled 31 December 2024 17. CREDITORS: AMOUNTS FALLING DUE A wfER MORE THAN ONE YEAR 31.12.24 31.12.23 Hire purchase (see note 18) 18. LEASING AGREEMENTS Miniinuin lease paymeiits under hire purchase fall due as follows.. 31.12.24 31.12.23 Nel obligations repayable.. Williin one year Beliyeen one ai)d five years 7,707 15,039 19, MOVEMENT IN FUNDS Net Inoveiiient iii fuiids Transfers between funds Ai 31 12,24 Al 1.1.24 Uiirestrieted fiiiid$ Coiiiiiiui)ity (fund C) Sailiya Sai various projects 2,608,445 150000 177,652 93,306 105 200) 2,879,403 2,758,445 177,652 Rcstricted funds BIG Lollery fuiid (Fui)d BIG) Food Aid, Store Slicd (Fliiid fA) Skaiida Vale Flospice (fuiid H) WCV A Lnvironineiil Wii Ics PGf Graiil (FLlI)d M) Vcliicle Repla¢cineiit Fui)d (Fund V) Playgroiii)d fuiid Breclifa Gardeii Tool Grant Playgrouiid phase 2 Brcchfa xinas haiiiper Gui'u I Saiiiahdi l-Icl11 (11,894) 2,924,203 421,667 21,367 1,938,827 { i 0,000) (1,246) (44,765) 411,667 20,121 1,894.062 2,695 19,459 16,035 500 15,330 (147) (1,814) (918) 1706) {180} (8) 2,548 17,645 15,117 206 180 15,330 2,435,880 (51,284) Eiido)vinenl fiiiids Del'i (Periiiaiiei)t Eiidowiiient Fuiid D) 11,894 2,396,490 440,000 440,000 TOTAL FUNDS 5 634 325 126 368 5 760 693 Page 29 continued...
Tlle Conimunity of Ilie Many Names of God Note5 to the Finaiieial Stalemeiits - continiied for the Year Elided 31 December 2024 19. MOVEMENT IN FUNDS - coiltinued Net inovemenl in funds. included in the above are as follows.. Incoming resources Resources expeiided Gaii)s and losses Moveinent li) funds Un I'esti'icted fuii(Is Coiniiiunily (Fuiid C) 778,786 (600,091) (1,043) 177,652 Reslricled funds IIIG Loltery Fund (Fund BIG) rood Aid, Store Shed (fund fA) Skanda Vale Hospice (Fuiid 14) WCVA Environineiil Wales PGF Granl (riind M) Vel)icle Replaceineiil Fund (Fund V) Playgi'oiind fund Brecl)fa Garden Tool Gi'ai)I Playgrouiid phase 2 Brecl)fa xiiias hainper Giii'u I Saiiiahdi Fl<ill ( i 0,000) (1,246) (73,265) ( i 0,000) (1,246) (44,765) 28,500 (147) (1,814) (917) (706) (3,180) (508) (147) (1,814) (918) (706) (180) (8) (i) 3,000 500 91783) TOTAL FUNDS 819285 691874) 126 368 Comparfilivcs for moveiiieiil iii fuiids Net iiioveinenl in fuiids Traiisfers betweeii funds At 1.1.23 31,12,23 Uni'csli'iclc(I fiiii(Is Coiiiii)111)ity {fiiiid C) Sall)ya Sai vai'ious projects 2,390,472 213,935 150000 4,038 2,608,445 150 000 2,390,472 363,935 4,038 2,758,445 Rcstricted fuiids BIG Lollery flind (Fiind BIG) rood Aid, Store Sl)ed (Fiind FA) Skanda Vale Hospice (Fund H) Londoii Seni iiiar fund (fiiiid L.) WCV A Ei)viroiiii)cnt Wales PGF Graiit (riii)d M) Veliicle Replaceii)ei)t Fuiid (Fuiid V) Playgi'ound fund Bi'cclifa Gai'deii Tool Grai)t Playgroiind pl)ase 2 431,667 22,700 1.977,136 4,368 ( i 0,000) (1,333) (38,309) 421,667 21,367 ,938,827 (4,368) 2,851 21,726 17,000 (156) (2,267) (965) 500 2,695 19,459 16,035 500 330 2,477,448 (37,530) (4,038) 2,435,880 Endoiyment fiinds Del'i (Pei-lnaneiit Eiidowmenl Fuiid D) 440,000 440,000 TOTAL FUNDS 5 307 920 326.405 5 634 325 Page 30 conliiiued...
The Communiiy of tlie Maliy Names of God Notes to tlie Fiiiaiicial Slntciiieiits - continued for the Year Elided 31 Dcceiii ber 2024 19. MOVEMENT IN FUNDS - coiltiiiued Comparative net movemeiit in funds. included in Ihe above are a5 follows,. Incoming resources Resoui'ces expended Gaiiis aiid 1055e5 Movcnieiil iii fuiid5 Uiirestrleted funds Cominunity (Fuiid C) Saihya Sai variou5 projects 806,675 150 000 (594,008) 1.268 213,935 150.000 956,675 (594,008) 1.268 363,935 Restricted fuiids BIG Lollei'y Fund (Fiiiid BIG) rood Aid, Store Shed (fund fA) Skai)da Vale Hospice (Fiiiid 1.1) WCVA Environnieiit Wales PGf Gi'aiil (riiiid M) Vehicle Replacement Fund (Fui)d V) Play&7roiiiid fiind Brcclifa Gardei) Tool Graiit Playground pliase 2 ( i 0,000) (1,333) (87,979) ( i 0,000) (1,333) (38,309) 49,670 (156) (2,267) {965) (156) (2.267) (965) 500 500 102 700 37 530) TOTAL FUNDS 1021845 696 708) 326 405 Page31 conliiiiied...
The Comniunity of tlie Maiiy Naine5 of God Notes to tlie Fiiiancial Slalemenls eontiiiiied for the Year Ended 31 December 2024 19. MOVEMENT IN FUNDS- continued A curreiit year12 Inonlhs aiid prior year 12 Inontlis conibined position is as follows.. Net i))oveiiieiit in fuiids Transfers between funds At 31.12.24 Al 1.1.23 Uiirestrieted funds Coi)11)iiinily (Fuiid C) Satliya Sai various projec15 2,390,472 391,587 150000 97,344 105 200) 2,879,403 2,390,472 541,587 (7,856) 2,924,203 Restricte(I fuiids BIG Lollery Fuiid (fLind BIG) Food Aid, Store Slied (Fund fA) Sk£inda Vale Hospice (Fiiiid Fl) Loi)don Seininai. FLlI)d (Fuiid L) WCVA Environmenl Wales PGF Graiit (Fund M) Vehicle Replaceinenl Fund (Fuiid V) Playground fuiid Bi'¢chfa Garden Tool Gi'aiil Playground pliase 2 Bi'cchfa xiiias liainper Giiru I Saiiialidi Flall 431,667 22,700 1,977,136 4,368 (20,000) (2,579) (83,074) 411,667 20.121 1,894,062 (4,368) 2,851 21,726 17,000 (303) (4,081) (1,883) (206) 14,820 (8) 2,548 17.645 15,117 206 510 15,330 2,477,448 (88,814) 7,856 2,396,490 I n(loivmeiit fuiids Deri (Pei'ii)aiiei)i Eiidowiiiciil Fuiid D) 440,000 440,000 TOTAL FUNDS 5 307 920 452 773 5 760 693 Page 32 continued...
The Commuiiity of Ilie Many Names of God Notes to the Financial Statemeilts - continued for tlle Year Elided 31 December 2024 19. MOVEMENT IN FUNDS - contiiiiied A current yeai. 12 Inontlis and prior year 12 months combined net tnovenient in funds. included iii the above are as follows: Incoming resources Resources expended Gaiiis and losses Mov¢ineiit in funds Unrestrictcd funds Comii)unily (fuiid C) Saihya Sai various projects 1,585,461 150000 (1,194,099) 225 391,587 150000 1,735,461 (1,194,099) 225 541,587 Restricted fuiids BIG Loltery fund (fuiid BIG) Food Aid, Sloi'e Slied (F Lind FA) Skaiida Vale Hospice (Fund H) WCVA Enviroiiin¢nl Wales PGF Graiil (Fuiid M) Vehicle Replaceineiil Fuiid (Fund V) Playgroiind fund Bi'cclifa Gai'deii I'ool Grant Playground pl)ase 2 Brcclifa xi))as haii)per Guru I Sainahdi Hall (20,000) (2,579) (161,244) (20,000) (2,579) (83,074) 78,170 (303) (4,081) (1,882) (700) (3,180) {508) (303) (4,081) (1,883) (206) 14,820 {8) (i) 500 18,000 500 105669 194483 88 814) TOTAL FUNDS 1841130 (1388 582) 225 452 773 20. RELATED PAIITY DISCLOSUIIES Durii)g the period Ilie Cl)arily niade doiialioiis of £25,593 (2023 £40,494) to Skaiida Vale 14ospice CIO, a coniiecled enlily. In addition, Skaiida Vale Hospice CIO leased boili Ihc liospice building and Newcastle LIMIYI) sliop froin I'li¢ Cominuiiily of tlie Maiiy Naine5 of God for (in aiii)ual rciil of £ I per property. 21. FUNDS Re511'iclcd fund FIIG Tliis fuiid was scl up iii 2014 followiiig tlie award of a £500,000 graiit froiii BIG Lottery Fui)d toivards the capital developiiiciil costs of11)e neiy six b¢d in patient liospice. Uiireslricted FLlI)d C - Coiiiiiiiinily Tl)is fund is used priiiiarily in Ilie Inaiiitenance aiid developmeiit of Skaiida Vale Inonaslery and Teniples as a place of public wor511ip aiid for Il)e siipporl of Ilie resident Inonaslic coiiiiiiiiiiity. Perinaiient Endowineiit Flind D - Deri Tl)is fund was scl lip upon tlie cliarily receiving a doiialioi) of I l O acres of farin aiid woodlai)d li) May 2008. The Iruslces eslimalcd its Inarket value Lipon receipt at £4,000 per acre based oli lai)d values in Ilie area, capilalisii)L' the wliole donalion at £440,000 li) tlie accouiits. The donors slipulaled that the 18nd is transferred lo 11)e charity as periiiaiient eiidowinent. Reslricled Fuiid FA - Food Aid, Sloi'e Slied This fund ivas sel up in Janiihry 2012 upoii rccciviiig coii finnation of two grant award5 towards the c051 of a neiv dried food store shed and associated equipinenl lo Iiioden)i7£ and expaiid facilities ceiitral lo tlie cliarity's food aid pi'ograi)Iiiie. Reslricled fund H - Skaiida Vale H05pice Page 33 continued...
The Community of the Many Names of God Notes to the Financial Statemeiils - continued for the Year Ended 31 December 2024 21. FUNDS- continued Sel lip in 1987 to provide hospice care.. initially as a honie suppoil service whicli raii iintil 2004, secondly as a day cal-e centre ai)d finally as a residciilial liospice. The hospice biiilding was redeveloped aiid reopened in April 2016 providiiig respite and day care. In July 2016 the charity transferred the operation of11)e Hospice to a n¢Kv registered charity, Skanda Vale Hospice CIO. The trustees decided to lease tlie new incare hospice building the CIO on a peppercorn I'enl of £1 per annuin on a 50 year lease.. The trustees also decided to lease the cliarity sI)OP lo the CIO again at £ I per aiinuin. Restricted Fuiid L - Loiidoii Seminal. Fund Tliis fiind was scl up in 2014 to i)ianagJe tlie funds associated with a biannual London seininar given by menibei's of Ili¢ Inonaslic coinii)ui)ily. The seiniiiar lakes place it) Giwell Park, a venue I'un by Ili¢ Scout Associalioii - tlie seniiiiars are i'lin on a noii-profit basis. Reslriclcd Fiind V - Vehicle Replacement fund Tlie fund ivas sel lip iii 2015 followiiig tl)e agi'eei)ieiit of the boai'd of Vereiii Skanda Vale (Skanda Vale Swiss Associalion) to help SLlPPOlt tlie travel costs of Coiiiiiiunily iiieii)bei's to lead aiid suppo11 seininars and staff Soiiia Skai)da Teitiple in Fideris, Resli'icled fund P - Playground Tl)e fui)d was established to cover tlie cost of conslrucling a play ai'ea for use by visitors to Ihe Skanda Vale sile. Restricted Fiind N - Brechfa gardei) tool grant Tlie fuiid was set up ii) 2023 for Ilie graiil I'eceived but iiol yet speiit for (lie pui'cliase of garden tools. Designated fund O - Sailiya Sai Ti'ust 'riiis fliiid was sel up in 2023 to cover Ihe cost of various specific pi'ojecls iiicliidiiig solar eiiergy, doiikey bai'l), i)ionilStic accon)i)iodiG lioi) aiid Inedia. Reslri¢l¢d Fuiid G Giii'u / S<iinadlii Ilall I'liis fund ivas cslablislicd iii 2022 spccifically lo covcr Ilie ivork loivai'ds the Gui'ulsainadhi l)all. Page 34
The Commuiiity of the Many Names of God Detailed Sllltement of Finaiicial Activities ror Ili¢ Year Ejided 31 December 2024 31 12.24 31.12.23 INCOME AND ENDOWMENTS Donatioiis and legacies Donations 799,053 989,978 Iiivestment income Deposit account interest Incoine fi'om investmeiits 442 280 187 262 722 449 Charitable activities Grants 3,500 15.500 Ollier Income RHI, elcctricily and feed iii iiicoine Sui)dry incoine 15,368 642 15,470 448 TotAI iiieoiiiing resource5 819,285 1,021,84S F.XPENDITURE Charitable activitiC5 Rates and ival¢r Iiisiirance Ligl)t aiid heal 'rcl¢pl)oiie Taxes - various Veliicle taxliiisuraiice Diesel for Ii'aclors Comiiiuiiity tood & living Petrol Vel & aniiiial care Vehicle iiiaiiitenance Coiniiiuniiy maiiitenance Aiiiinal feed Agriculliire Travel Ilaiik cliarges Professional fees Miscellaiieoiis riiiids Irr lo liospice PlaygroLlI)d Grant Lxpeiiditure Ii)Iin igratioii Brechfa xma51)ainper grant 2024 Depreciation of tangible fixed assets Loss on sale of tangible fixcd asscls Carried foriyard 301 22,871 60.067 7,679 4,234 9,666 6,875 63,307 7,292 24,933 19,299 176,625 19,662 14,456 10,068 2,416 20,080 21 25,593 3,886 536 508 170,355 7,205 677,935 357 27,210 36,254 6,655 5,479 11,206 5,395 52,340 8,593 35,852 13,272 197,781 23,628 14,937 9,926 2.370 40,494 5,997 161,959 21,514 681,219 This page doe5 not form part of the slaluloiy fii)ancial statements Page 35
The Cominunity of the Man), Names of God Detailed Statemeiit of Fiiiaiieilll Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Charitable activities Brougl)t forwai'd Hii'e purcliase 677,935 681,219 679,092 682,236 Support costs Governaiiee costs Aiidilors, reiiiuneralion Coi)11)iunily adii)iii software 5,016 4,776 Total resources expended 691874 696 708 Iyet ii)come before gaiiis aii(J losses 127,41 325,137 Un-reRlised gainslloss¢s rixed (Isset ii)vesliiienls Nct iiicome 126 368 326 405 This page does iiol forin parl of Ilie statutory fiiiancial stateii)eiits Page 36