REGISTERED CHARITY NUMBER: 700538 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEIYTS FOR THF. YEAR ENDED 31ST DECEMBER 2023 FOR SHREE SHREF. RADHA KRISHNA CULTURAL CENTRF R Pau & Co Limited Chartered Certified Accountants 12-16 Station Street East Coventry West Midlands CV6 5PJ
SHREE SHREE RADHA KRISHNA CULTURAL CENTRF. CONTF.NTS OF THF. FINANCIAL STATF.MENTS FOR THE YF.AR ENDED 31ST DECF,MBER 2023 Page Report of the Trustees Independent Examlner's Report Statement of FinanciAI Activitles Balance Sheet Notes to the Financial Statements 9 to 14 DetAiled Statement of FinAncial Activities
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEES FOR THF, YEAR ENDED 31ST DF.CEMBER 2023 The trustees present their report with the financial statements of the chariiy for the year ended 31 st Decembcr 2023. The trustees have adopted the provision5 of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The aims and objeclives of this charity are (A) The advancement of Vedic Dharn)a (religion) and ihe Vedic way of life pertaining to Shree Krishna and the renaissance era as described in the publications of ihe Internalional Society for Krishna Consciousness. (B) To promote the advancement of education in Indian andlor Vedic history, culture, languages, customs and way of life. (C) The relief of persons in pov¢ty or suffering from ill health, mental or physical sickness or distress or generally being handicapped, undcrprivile8ed or in need in any way. (D) To promote such other legally charitable purposes as (he Trustees and the Management Committee shall det¢rniine from lime to time. Each year the trustees review the activities of the centre in order to ensure that they continue to reflect the objectives set out in the goveming document. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and. in particular. its supplementary guidance on the advancement of religion for the public benefit. Volunteers The charity is grateful for the efforts of its many volunteers who are nornially involved in 5ervic¢ provision and running the centre. 11 is dirricult to attribuie an economic valuc to this contribution thal the volunleers make of their time, but il is crucial lo the basic function of the Charity. The managyeincnl cominitlee ensures that best value is derived from the efforts of the volunteers. Page I
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEF.S FOR THE YF.AR ENDED 31ST DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE Charitable activities 'I'he advancement of Vedic Dharma reli ion and the Vedic wa of life Fornial services continue to be conducted for the patrons of the Centre and fonnal ceremonies are conducted when necessary. Our centr¢ offer5 and promotes yoga & meditalion open for all to lead healthier and happier lives reducing stress & anxiety and teaching healthier plant-based eating habits. Our centre tries to mould its activities around environmentally friendly decisions reducing carbon emissions. Promote Ihe advancement of education in Indian and Vedic histo ulture lan ua es customs and wa of life These continue to be promoted by regular classes, the operation of a Sunday School, home programmes. special guest speakers, celebrating public fcslivals and providing other cultural services. The Vedic culture & way of life promolcs a holistic approach and is reflected through ils arts. medicine, science, philosophy, music, food, health & wellness. Our centr¢ offers and encourages community members to come together on this basis building strong relationships helping one another reach their potential. ersons in or sufferin The relief of _ ove handica ed unde rivilc ed or in need in an from ill health mental or wa Relief is also offercd by providing a cultural cenlre and personnel lo not only Hindus, but all mcmber5 of society every day. Our centre provides accessible free services for improving the health & wcllbcing of the community, distributing healthy plant-ba5ed meals and food parcels, emergency grocery supplies to struggling individuals & other groups within the community, offering safe and warni places, providing emotional, menlal & spiritual support & offering advise & training in key life skills. This year we are happy to report that the centre has fully re-opened and back to its nornial activities post-covid. These activities provide a public bcnefil to those who patronise our Centre and to the local comrnunity. We are, therefore, pleased to report that we achieved our objective5. Issues outstandin from last ear's re ort Complete the re-opening of the centre post-covid. This year we are happy to report that the centre has fully re-opened and back to its nonnal activities post-covid. 2. Complete the development of Phase 3 of the building expansion plans to extend the front of the temple to the front wall. We are pleased to report that the Phase 3 exlension plans for building a brand-new double story community café and extending the community space were submitted and passed by Coventry City Council on 12-Jun-2023. 3. Continue to apply for grant5 where applicable. In 2023 five grants were identified out of which two were successful & three were declined. 4. Conduct a risk review. This 15 Still on-going. 5. Conduct a r¢view of our constitution. This is still on-going Page 2
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEFS FOR THE YF.AR ENDED 31ST DF.CEMBER 2023 Other matters arisin durin the ear At our AGM held at the centre on 20- Dec-2023 'R Pau & Co Lid, were re-appointed as our accountants for the 2024 period. Post-covid we have had .. (a) A huge increase in attendance: (b) An increased use of the community centre's facilities; (c) With more people attending, we are distributing more food & ready meals to the needy as a consequence of the cost-of-living crisis. (d) More people in need of mental & stress counselling amongst regulars and newcomers. We have seen a general increase in the number of people suffering from stress & anxieiy, and so the promotion of mental and physical wellbeing al Ihc centr¢ has become more oran important part of our services. All of this has revealed an urgeni need to expand our centre. FINANCIAL RF.VIEW Principal funding source5 The primary funding source is donations from the Centre's patrons. The funds from this source are used to provide the patrons with a well-maintained centre and other resources in order lo achieve the objectives of the charity. The committee is reasonably satisfied with Ihese financial results but we will endeavour to improve upon this level of income in th¢ fulure. Reserves policy Funds are collected through voluntary donations and it is this income that funds the work of the charity, Thc net income for the year amounted to £10,817 and this has increased general reserves. which now stand at £253,841. Net incoming resources will continue to be accumulated as and when we can in order to fund ihe costs anticipated in furthering (he aims of the 'Charity'. FUTURE PLANS l. Plan celebrity activities throughout the year for the 30th Installation Anniversary of Our Deities on 30-Scp-2024. 2. Pursue in earnest the development of Phase 3 of the building expansion plans now that the initial planning pennission has been received. 3. Develop the workings of a Café using the main kitchen as a proof-of-concept. 4. Continue to apply for grants where applicable. 5. Add a Health & Safety Officer position in the Management Team. 6. Conduct a risk review. 7. Conduct a review of our constitution. 8. Conduct a review of our insurance. Page 3
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THF, TRUSTF.ES FOR THE YEAR EI NDF.D 31ST DF,CEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity was established in 1988 after the adoption of the constitution dated 29th July 1988 as amended on 28th February 2016. Recruitment and appointment of new trustees Trustees are appoinled for a five year tenn by the existing trustees. On appointment trustees are asked to review Charity Commission guidance Organizational structure The Trustees are responsible for the assets of the charity and for the appointment of the management committee. There are no persons extemal to the charity Ihal are entitled to appoint trustees. The management committee member5 are appointed for three years and this committee controls the day to day running of the Centre. On appoinimenl management committee members are asked to review Charity commission guidance. Related partics There are no related parties. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 700538 Principal address Kingficld Road Radford Coveniry CVI 4DW Page 4
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THF, TRUSTEES FOR THE YEAR ENDF.D 31ST DF.CEMBER 2023 Trustcts Trustees l ) Management Committee . Position Name President Vijay Vadukul (Acting) Vice - President Pargan Samra Treasurer Vijay Vadukul Secretary Asha Bhandari lead Pujari Kanuparti Kumar Sunday School I CPO Asha Bhandari Lcader Spiritual Council l Outreach Arun K Bhandari Gencral Manager Rishi Bhandiiri Mainlenance Vacant Publicily Vacant Vedic Name (Vidura Das) {Patita - Pavan Das) (Vidura Das) (Anuragi Devi Dasi) Pranava Das) (Anuragi Devi Dasi) (l-lari Das) (Gurusevak Das) 2) Trustees Arun K Bhandari Kanuparti Kumar Vijay J Vadukul Pargan Singyh Samra Rishi Kumar Bhandari (Hari Das} (Pranava Das) (Vidura Das) (Palila-Pavan Das) (Gurusevak Das) Indepcndent F.xaminer R Pau & Co Liinited Chartered Certified Accounlants 12-16 Station Street East Covenlry West Midlands CV6 5FJ Approved by order of the board of Irustees on 17th October 2024 and signed on its behalf by.. Mr V J Vadukul - Trustee Page 5
REGISTERED CHARITY NUMBER: 700538 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31ST DECEMBER 2023 FOR SHREE SHREE RADHA KRISHNA CULTURAL CENTRE R Pau & Co Limited Chartered Certified Accountants 12-16 Station Street East Coventry West Midlands CV6 5FJ
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE CONTF.NTS OF THF. FINANCIAL STATEMENTS FOR THE YEAR F.NDED 31ST DECEMBER 2023 P8ge Report of the Trustees Independent Examiner's Report Statement of Financial Aelivities Balance Sheet Notes to the Financial Statements 9 to 14 Detailed St8tement of Financial Activities 15
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE STATF.MENT OF FINANCIAL ACTIVITIF.S FOR THE YEAR F.NDF.D 31ST DECEMBER 2023 2023 Unrestricted fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 81.406 58.681 EXPENDITURE ON Raising funds 70,161 119,337 Other 428 355 Total 70.589 119,692 NET INCOMEI{EXPENDITURE) 10,817 (61,011) RECONCILIATION OF FUNDS Total funds brought forward 243,024 304.035 TOTAL FUNDS CARRIED FORWARD 253.841 243,024 The notes fomi part of these financial statements Page 7
SHREE SHREE RADHA KRISHNA CULTURAL CENTRF. FIALANCE SHEET 31ST DECEMBER 2023 2023 Unrestricted fund 2022 Total funds Notes FIXED ASSETS Tangible asset5 194,384 198,391 CURRENT ASSETS Debtors Cash at bank 11,972 64,293 9,138 59,231 76,265 68,369 CREDITORS Amounts falling due within one year {8,888} (8.787) NET CURRENT ASSETS 67.377 59,582 TOTAL ASSETS LESS CURRENT LIABILITIES 261,761 257,973 CREDITORS Amounts falling due after more than one year (7,920) (14,949) NET ASSETS 253,841 243,024 FUNDS Unrestricted funds 253,841 243,024 TOTAL FUNDS 253,841 243,024 The financial statements were approved by the Board of Trustees and authorised for issue on 17th October 2024 and were signed on its behalf by.. Mr V J Vadukul - Trustee The notes forni part of these financial statements Page 8
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THF. FINANCIAL STATF.MF.NTS FOR THE YEAR ENDF.D JIST DECF.MBER 2023 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 l 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 thc historical cost convention. Income All incoine is recognised in the Statement of Financial Activilies 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 expcnditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benctits will be required in seiilemcnt 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 lo the category. Where costs cannol be dirccily attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed asset5 Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Fixtures and fittings 20/0 on cost IO% on cost Taxation The charity is exempt from lax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discr¢tion of the trustees. Restricted funds can only be used for particular restricted purposes within the object5 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 th¢ notes to the financial statements. Page 9 continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMF.NTS- continued FOR THE YEAR ENDED 31ST DF.CEMBER 2(i23 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 st December 2023 nor for the year ended 3 1st D¢cember 2022. Trustees, expense5 There were no trustees, expenses paid for the year ended 31 st December 2023 nor for the year ended 3 1st December 2022, with the exception of travel and accornmodation expenses in relation to management and enhancement of the charity. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 58,681 EXPENDITURE ON Raising funds 119,337 Other 355 Total 119,692 NET INCOMEI(EXPENDITURE) (61,011) RECONCILIATION OF FUNDS Total funds brought forward 304,035 TOTAL FUNDS CARRIED FORWARD 243,024 Page 10 continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENI)ED 31ST DF.CEMBER 2023 TANGIBLE FIXED ASSETS Improvemenls to propety Fixtures and rittings Freehold property Totals COST At 1st January 2023 Additions 141,097 49.302 82,300 5.788 272,699 5,788 At 3 1st December 2023 141,097 49,302 88,088 278,487 DEPRECIATION Al 1st January 2023 Charge for year 3,611 986 70,697 8,809 74,308 9,795 At 3 1st December 2023 4,597 79,506 84,103 NET BOOK VALUE At 3 Isl December 2023 141,097 44,705 8.582 194,384 At 315t December 2022 141,097 45,691 11,603 198,391 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Prepaymenls 11,972 9,138 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank loans and overdrafts (see note 8) Accruals 7,000 1,888 6,900 1,887 8,888 8,787 Pagell continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR F.NDED 31ST DECEMIIER 2023 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 Bank loans (se¢ note 8) 7,920 14,949 LOANS An analysis of the maturity of loans is given below.. 2023 2022 Amounts falling due within one year on demand: Bank loans 7,000 6,900 Amounts falling between one and two years.. Bank loans 7,920 14.949 MOVEMENT IN FUNDS Nct movement in funds Al 31112123 At 111123 Unrestricted funds General fund 243.024 10,817 253,841 TOTAL FUNDS 243,024 10,817 253,841 Net movemenl in funds, included in the above are as follows: Incoming resources Resources cxpended Movement in funds Unrestricted funds General fund 81,406 (70,589) 10,817 TOTAL FUNDS 81,406 (70,589) 10,817 Page 12 continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EI NDF.D 31ST DF.CEMBER 2023 MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31112122 At 111122 Unrestricted funds Gcneral fund 304,035 (61,011) 243,024 TOTAL FUNDS 304,035 (61,011) 243,024 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 58,681 (119,692) (61,011) TOTAL FUNDS 58,681 (119,692) (61,011) A current year 12 months and prior year 12 months combin¢d position is as follow5,. Nel movement in funds At 31112123 At 111122 Unrestricted funds General fund 304,035 (50,194) 253,841 TOTAL FUNDS 304,035 (50,194) 253,841 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrictcd funds General fund 140,087 (190,281) (50,194) TOTAL FUNDS 140,087 (190,281) (50,194) Page 13 continued...
SHRF.E SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDEII 31ST DF.CEMBF.H 2023 io. RELATED PARTY DISCLOSURES There were no related party transaclions for the year ended 31 st December 2023. Page 14
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE DETAILF.D STATF.MENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacies General donations Sundry income Religious books and item sales Festivals Interest Gift aid Grants received 37,203 93 6,282 25,324 479 12,025 35,657 222 1,034 27 9,020 1.600 81.406 58,681 Total incoming resources 81,406 58,681 EXPENDITURE Raising donations and legacies Rent, rates, insurance and water Repairs Light and heal Telephone Printing and stationery Sundry expenses Festivals and events Altar expenses Shop expenses Groceries Sponsorship Depreciation of tangible fixed assets Bad debis 2,388 7,075 4,188 1,090 372 4,284 10,147 3,309 4,642 11,996 6,682 9,795 3,217 6,647 6,686 1,073 2,433 9,329 3,518 ,039 5,722 2,352 9,216 65,300 65,968 116,643 Other Bank charges and interest 428 355 Support costs Finance Bank loan interest 849 806 Governance costs Professional fees 3,344 1,888 Total resources expended 70,589 119,692 Net incomel(expenditure) 10,817 (61,011) This page does not forni part of the statutory financial statements Page 15
REGISTERED CHARITY NUMBER: 700538 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THF. YEAR ENDED 31ST DECEMBER 2023 FOR SHREE SHREF. RADHA KRISHNA CULTURAL CENTRF. R Pau & Co Limited Chartered Certified Accountants 12-16 Station Street East Coventry Wesl Midlands CV6 5FJ
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE CONTF.NTS OF THE FINANCIAL STATEMENT.S FOR THE YEAR ENDED JIST DECEMBF.R 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities BAlance Sheet Notes to the Financial Statements 9 to 14 Delailed Statement of Flnanci81 Aetlvities 15
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE SHREE RADHA KRISHNA CULTURAL CENTRE Independent examiner's report to the trust¢¢s of Shre¢ Shrte Radha Krishna Cultural Centre I report to the charity trustees on my examination of the accounts of Shree Shree Radha Krishna Cultural Centre (the Trust) for the year ended 31 st December 2023. Responsibilities and b8sis of report As the charity truste¢s of the Trust you are responsible for ihe preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confinn Ihat no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the forni and content of account5 set out in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have coine across no oiher matlcrs in connection with the examination lo which attention should be drawn in this report in order lo cnable a proper und¢rst(tnding of the accounts to be reached. R Pau & Co Limited R Pau & Co Limited Chartered Certified Accountants 12-16 Sialion Streci East Coventry West Midlands CV6 5FJ 17th October 2024 Page 6