REGISTERED CHARITY NUMBER: 700538 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 FOR SHREE SHREE RADHA KRISHNA CULTURAL CENTRE R Pau & Co Llrnited Chartered Certified Accounlants 12-16 Station Street East Coventry West Midlands CV6 5FJ
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Stalement of Financial A¢¢ivities Balance Sheet Notes to the Financial Statements 10 to 15 Detailed Statement of Financial Activities 16
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DELEMBER 2024 The trustees present their report with the financial slatements of the charity for the year ended 31 st December 2024. The tru5tee5 have adopted the provisions of Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019}. 0ECTIVEs AND ACTIVITIES Objectives and aim5 The aims and objectives of this charity are (A) The advancement of Vedic Dhanna (religion) and the Vedic way of life pertaining to Shree Krishna and the renaissance era as described in the publications of the Inlernational 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 poverty or suffering from ill health, mental or physical sickness OT distress or generally being handicapped, underprivileged or in need in any way. (D) To promote such other legally charitable purpose5 as the Trustees and the Management Committee shall detemine from time to time. Each year the trustees review the activities of the centre in order to ensure that they continue lo reflect the objective5 set out in the governing document. In carying out this review the trusiees 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 Th¢ charity is grateful for the efforts of its many volunteers who are norn]ally involved in service provision and running the centre. It is difficult to attribute an economic value lo this contribution that the volunteers make of their time, but it is crucial to the basic fLmCtion of the Charity. The management committee ensures that best value is derived from the efforts of the volunteers. Page I
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTF.ES FOR THE YEAR ENDED 31ST DECEMBER 2024 ACHIEVEMENTS AND PERFORMAIYCE Charitable activities The advancement of Vedic Dharnla reli ion and the Vedic wa of life Fornial services continue to be conducted for the patron5 of the Centre and formal ceremonies are conducted when necessary. Our centre offers and promotes yoga & meditation 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 the advancement of educalion in Indian and Vedic histo culture lan ua es customs and wa of life These continue to be promoted by regular classe5, the operation of a Sunday school. home programtnes, 5pe¢ial guest speakers, celebrating public festivals and providing other culturdl services. The Vedic culture & way of life proTnoles a holistic approach and is reflected through its arts, medicine. science, philosophy. music, food, health & wellness. Our centre offers and encourage5 community members to come together on this basis building strong relationships helping one another reach their potential. The relief of _ ersons in or sufferin ve handica ed unde rivile ed or in need in an from ill health m¢ntal or wa Relief is also offered by providing a cultural centre and personnel to not only Hindus, but all members of society ever), day. Our centre provides accessible free services for improving the health & wellbeing of the community, distributints healthy plant-based meals and food parcels, emergency grocery supplies to struggling individuals & other groups ivithin the community, offering safe and warn] places, providing emotional, mental & spiritual support & offering advise & training in key life skills. These activities provide a public benefit to those who patronise our Centre and to the local community. We are. therefore. pleased to report that we achieved our objectives. Issues outstandin from last ear's re ort l. Plan celebrity activities throughout the year for the 30th Installation Anniversary of Our Deities on 30-Sep-2024. a) All our regular programs & festivals were dedicated to the 30th Anniversary with great success. b) A special item added this year was our fwst "Kirtan Mela Festival" where local and national singers & musicians participated in perfonning devotional music and Spiritual expression. creating an atmosphere of joy, unity, and inspiration. The event fostered a cultural exchange and spiritual harmony. strengthening bonds within the community and reaffirn)ing the Centre's commitment to promoting unity through music and tradition. c) A beautiful new altar was finally delivered thi5 year and installed in time for the 30th Installation Anniversary. 2. Pursue in earnest the development of Phase 3 of the building expansion plans now that the initial planning perniission has been received. a) In October a structural engineering company was engaged to produce a detailed structural report which was duly done. With that report the architect was requested to produce the Building Regulation drawings for the new extension. He is cUentlY working on these. b) To support the funding of the extension project. a Grant Funding company was identified and has already been engaged to assist us in applying for grants for the extension. 3. Develop the workings of a Cafe using the main kitchen as a proof-of-concept. Page 2
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 In 2024, the Café was launched as a proof-of-concept initiative and has exceeded expectations, becoming a thriving hub for the community. The Café has not only been successful operationally but has also served as a catalyst for positive social change. It has attrdcted a growing number of new volunteers who ar¢ eager to contribute, fostering teamwork and collaboration. The outdoor space has become a vibrant area where people can meeL socialize, and share meals, leading to strengthened relationships, new friendships. and a sense of belonging. This initiative has significantly enhanced community cohesion and well-being. aligning perfectly with our mission to promote inclusion and togetherne55. The centre looks forward to having a dedicated fijlly built extension for the Community Cafe. 4. Continue to apply for grants where applicable. In 2024 two grants were applied for. One was successful & one was declined. 5. Add a Health & Safety otTicer position in the Management Team. This is still on-going 6. Conduct a risk review. This is still on-going 7. Conducl a review of OUT constitution. This is still on-going 8. Conduct a review of our insurance This is still on-going Other matters arisin durin the ear l. The Centre established a meaningful collaboration with a local farn]er who is actively seeking to promote cow proteclion and natural farniing practices. This is in its early phases but offers a great opportuniry for volunteers to engage in hands-on learning about sustainable agriculture and ethical farniing. This tsTre of collaboration not only strengthens ties between Ihe Centr¢ and the local farmiT]g community but also reinforce5 shared values of environmental stewardship, well-being, and self-suificiency 2. After a gap of a few years. the Centre once again started to actively support the University of Warwick Kcsoc (Krishna Consciousness Society) by providing fortnightly sessions for students. These sessions offer a blend of spiritual discussions, meditation, and guidance aimed at promoting mental well-being, self-awareness, and personal growLh. In addition, the Centre prepares and distributes freshly cooked Tneals to students free of charge, fostering a sense of care and community. This initiative has been instrumental in supporting students, well-being, helping them balance academic pressures with spiritual nourishment, and strengthening the relationship between the Centre and the university community. 3. At our AGM held at the centre on 14-Jan-2025 'R Pau & Co Ltd. were re-appoinled as our accountants for the 2025 period. 4. Our centr¢ continued to show an increased attendance and an increased use of the community centre's facilities. With this increased use, due mainly to the cost-of-living crisis, we are distributing more food & r¢ady meals to the needy. We also continue to see more people ITJ need of mental anxiety & stre55 counselling amongst our regular members and newcomers. Consequently, the promotion of mentsl and physical wellbeing at the centre h&5 become more of an important part of our service. Page 3
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 FINANCIAL REVIEW Principal funding sources The pritnary funding source is donations from the Centre's patrons and grants. The fimds from these source5 are used to provide the patrons with a well-maintained centre and other resources in order to achieve the objectives of the charity. The Committee is reasonably satisfied with these financial results but we will ¢ndeavour to improve upon this level of income in the future. Reserve5 policy Funds are collected through voluntary donations and grants, and it is this incom¢ that funds the work of the charity. The net income for the year amounted to £52,530 and this increased generdl reserves, which now stand at £306,371. With regard to those general reserves, a policy has been established whereby the unrestricted funds not committed or invested in tangible fixed assets, (the free reserves £ 111,389), should be al a level to cover- (a) 4 months of the annual resources expended to operate the charity. (circa £28,000). It is felt that at this level it would be possible to continue the activities of the charity in the event of a significant drop in donations and grants and would give sufficient time lo consider how funding would be replaced or the charity's activities changed. (b) The balance, (83.389). to fund the building work on the new extension to the temple and the associated costs that will arise M'hen the work is completed. Net incorning resources will continue to be accumulated in order to maintain the 4-month annual expenses buff¢r and increase the fimds available to apply to the anticipated building work and expansion of the centre. FUTURE PLANS l) This coming year, due to the collaboration established between the Centre and a local fanner to promote cow proteclion and natural fanning prdctices, it is hoped the farn) will regularly supply freshly gro). organic vegetables. These will be used in our community mea15 and events. 2) For systematic education of Vedic culture's values & practices, the Centre is planning to restart the "Bhakti Vriksha" and 'Book Club" programmes. These initiatives will help foster a hollsiic approach to personal groW(h, spiritual learnin& community engagemenL and self-development. 3) Once the Building Regulation drawing5 are ready. seek quotes from Building Contractors for the new extension. 4) Seek funding, grants and otherwise, for the new extension. as well as for the Centre's regular expense5. 5) Update & extend the DBS Checks on all relevant members 6) Update & extend the Food Hygiene & Food Allergy training and certification. 7) Complete the Risk, Insurance & Constitution Reviews outstanding from last year. STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The charity was established in 1988 after the adoption of the constitution dated 29th July 1988 as aTnended on 28th February 2016. Recruitment and appointment of new trustee5 Trustees are appointed for a five year terni by the existing trustees. On appointment trustees are asked to review Charity Commission guidance Page 4
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organizational structure The Trustees are responsible for the assets of ihe charity and for the appointment of the management committee. There are no persons external to the charity that are entitled to appoint trustees. The management committee meTnbers are appointed for three years and this committee controls the day to day Nnning of the Centre. On appoinlment Tnanagement committee members are &sked to review Charity commission guidance. Related parties There are no relaled parties. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 700538 Principal address Kingfield Road Radford Coventry CVI 4DW Trustees Trustees l ) MaTbagement Committee . Position Name President Vijay Vadukul (Acting) Vice - President Pargan Samra Treasurer Vijay Vadukul Secreiary Asha Bhandari Head Pujari Kanuparti Kumar Sunday School / CPO Asha Bhandari Leader Spiritual Council l Outreach Arnn K Bhandari General Manager Rishi Bhandari Maintenance Vacant Publicity Vacant Vedic Name (Vidura Das) (Patita - Pavan Das) (Vidura Das) (Anuragi Devi Dasi) Pranava Das) (Anurdgi Devi Dasi) (Hari D&s) (Gurusevak Das) 2) Trustees . Arun K Bhandari Kanuparti Kurnar Vijay J Vadukul Pargan Singh Samra Rishi Kumar Bhandari (Hari Das) (Pranava Das) (Vidura Das) {Patita-Pavan Das) (Gurusevak Das) Page 5
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner R Pau & Co Limited Chartered Certified Accountants 12-16 Station Street East Coventy West Midlands CV6 5FJ Approved by order of the board of trustees on 12th September 2025 and signed on its behalf by.. Mr V J Vadukul - Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE SHREE RADHA KRISHNA CULTURAL CENTRE Independenl examiner's report to the Iruslees of Shree Shree Radha Krishna Culiural 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 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the prepardtion of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Tt'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 confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act- or the accounts do not accord with those records- or the accounts do not comply with the applicable requirements concerning the forn) and content of accounts sel out in the Charitie5 (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 come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper under5tandiTJg of the accounts to be reached. R Pau & Co Limited R Pau & Co Limited Chartered Certified Accountants 12-16 Station Street East Coventy West Midlands CV6 5FJ 12th September 2025 Page 7
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE STATEMENT OF FIANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 135,851 81.406 EXPENDITURE ON Raising funds 81,939 70,161 Other 449 428 Total 82.388 70,589 NET INCOME 53,463 10,817 RECONCILIATION OF FUNDS Total funds brought forward 253,841 243,024 TOTAL FUNDS CARRIED FORWARD 307,304 253,841 The notes forn) part of these financial statements Page 8
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE BALANCE SHEET 31ST DECEMBER 2024 2024 Unrestricted nd 2023 Total funds Notes FIXED ASSETS Tangible assets 195,915 194,3 84 CURRENT ASSETS Debtors C&sh al bank 17,058 10),954 11,972 fv1.293 121,012 76.265 CREDITORS Amounts falling due within one year (7.639) (8,888) NET CURRENT ASSETS 113,373 67,377 TOTAL ASSETS LESS CURRENT LIABILITIES 309,288 261,761 CREDITORS Amounts falling due after more than one year (1,984) (7,920) NET ASSETS 307,304 253,841 FUNDS Unrestricted funds 307.304 253,841 TOTAL FUNDS 307.304 253,841 The financial statement5 were approved by the Board of Trustees and authorised for issue on 12th September 2025 and were signed on its behalf by.. Mr V J Vadukul - Trustee The notes forni part of these financial statements Page 9
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial stal¢ments The financial statemeT]ts of the charity, which is a public benefil entity under FRS 102, have been prepared in accordance with the Charitie5 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 the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditur¢ Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to aclivities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to WTite off each asset over its eslimated useful life. Improvements to property Plant and fixtures 21/1 o on cost I 00/0 on cost Tax¥tion The charity is exempt from tax on its charitsble activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fimds are rdised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 10 continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMEN'TS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 3 1st December 2024 nor for the year ended 3 1st December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 3 1st December 2024 nor for the year end¢d 31 st December 2023, with the exception of travel and accommodation expenses in relation to management and enhancement of the charity. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Dbnations and legacies 81,406 EXPENDITURE ON Raising funds 70,161 Other 428 Total 70.589 NET INCOME 10,817 RECONCILIATION OF FUNDS Total funds brought forward 243,024 TOTAL FUNDS CARRIED FORWARD 253,841 Page 11 ontinued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 TANGIBLE FIXED ASSETS Improvements to property Freehold property Plant and fixtures Totals COST At 1st January 2024 Additions 141,097 49.302 88,088 12.584 278,487 12,584 At 3 1st December 2024 141.097 49,302 100,672 291,071 DEPRECIATION Al 1st January 2024 Charge for year 4,597 986 79,506 10,067 84,103 1,053 At 31 st December 2024 5.583 89.573 95,156 NET BOOK VALUE At 31 st December 2024 141,097 43.719 11.099 195,915 At 31 st December 2023 141.097 44,705 8,582 194,3 84 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 17,058 11,972 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 8) Accruals 5,751 1,888 7,000 1,888 7.639 8,888 Page 12 continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL sTATEME'Ts - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 8) ,984 7,920 LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank loans 5,751 7.000 Amounts falling between one and two years: Bank loans 1,984 7,920 MOVEMENT IN FUNDS Net movemenl in funds At 31112124 At 111124 Unrestricted fund5 General fund 253,841 53,463 307,304 TOTAL FUNDS 253,841 307.304 Net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 135.851 (82,388) 53,463 TOTAL FUNDS 135,851 (82.388) 53,463 Page 13 continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMENT IN FUNDS - continued Cotnparalives for movement in funds Net movement in funds At 31112123 At 111123 Unrestricted funds General fund 243,024 10.817 253,841 TOTAL FUNDS 243.024 10,817 253,841 Comparative net movement Én funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 81.406 {70,589) 10,817 TOTAL FUNDS 81,406 (70.589) 10,817 A current year 12 months and prior year 12 months combined position is a5 follows: Net movement in funds At 31112124 At 111123 Unrestricted funds General fund 243,024 64.280 307,304 TOTAL FUNDS 243,024 64,280 307,304 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 ndS Unrestricted funds General fund 217.257 (152,977) 64,280 TOTAL FUNDS 217,257 (152.977) 64,280 Page 14 continued...
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 io. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 3 Isl Decetnber 2024. Page 15
SHREE SHREE RADHA KRISHNA CULTURAL CENTRE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies General donations Sundry income Religious books and item sales Festivals Interest Gift aid Grants received 53,339 41 10,934 38,704 775 17.058 15,000 37,203 93 6,282 25,324 479 12,025 135,851 81,406 Total incoming resources 135,851 81,406 EXPENDITURE Raising donations and legacies Rent, rates. insurance and water Repairs Light and heat Telephone Printing and stationery Sundry expenses Festivals and events Altar expenses Shop expenses Groceries Spon50r5hip Depreciation of tangible fixed assets 4,753 10,981 10,027 1.725 1,031 4,301 7.985 5,821 4,022 10,668 4,365 11,053 2,388 7,075 4,188 1,090 372 4,284 10,147 3,309 4,642 11,996 6,682 9,795 76,732 65,968 Other Bank charge5 and interest 449 428 Support Costs Finance Bank loan interest 533 849 Governance costs Professional fees 4,674 3.344 Total resources expended 82,388 70,589 Net income 53.463 10,817 Thi5 page does not forn] part of the statutory financial statements Page 16