REGISTERED COMPANY NUMBER: 03859127 (England and Wales)

REGISTERED CHARITY NUMBER: 1080466

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Sri Chaitanya Saraswat Math.

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Sri Chaitanya Saraswat Math aims to advance the Hindu faith and promote Bhakti Yoga for the benefit of the public by educating the community on its philosophy and teachings; promoting mental, spiritual, and physical well-being; relieving poverty and distress; and supporting individuals in need through food provision, counselling, development of employment skills through volunteering, and community programs such as food distribution and cooking classes.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Key Highlights from 2024

There was a 25% increase in attendance at our Bhakti Yoga classes.

Food Distribution: Provided over 7,820 meals to individuals in need.

Employment Support: Delivered training to 22 individuals, helping them gain valuable skills and work experience.

Volunteer Engagement: Engaged over 30 volunteers who generously contributed their time and expertise.

In response to the cost-of-living crisis, we expanded our outreach services and established partnerships with local businesses to secure regular food donations and support those most affected.

FINANCIAL REVIEW

Reserves policy

The trustees have agreed to maintain a minimum reserve of £15,000 to cover four months of operating costs in the event of unforeseen challenges.

FUTURE PLANS

In 2025, we plan to:

1. Expand operational capacity by 15%

2. Create 10 new volunteer roles to support programme delivery

3. Strengthen corporate partnerships with the goal of increasing funding by 20%

4. Refurbishment and renovation works at the Greville House property

5. Upgrade of the live streaming system to support educational activities

6. Improvement of car park storage facilities

7. Replacement of the existing bicycle shed

8. Replacement of the existing damaged fence

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The board has identified key risks, including funding instability and rising operational costs, and is actively developing a fundraising diversification strategy to mitigate these risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03859127 (England and Wales)

Registered Charity number

1080466

Registered office

Bhakti Yoga Institute Greville House

Hazelmere Close

Feltham

Middlesex

TW14 9PX

Trustees

Ms Z Cederberg

Ms E A Clifford

A Dragilev

D W Ewins

P G C M Geary

R H Lindberg

L S Wong (resigned 31.12.24)

Company Secretary

Approved by order of the board of trustees on 15 September 2025 and signed on its behalf by:

Ms Z Cederberg - Trustee

Independent examiner's report to the trustees of Sri Chaitanya Saraswat Math. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Muhammad Jamshaid Aslam (FCCA)

15 September 2025

31.12.24

31.12.23

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

93,499

196,271

Other income

126

218

Total

93,625

196,489

EXPENDITURE ON

Raising funds

3

79,010

166,750

Charitable activities

4

Direct Costs

28,247

35,182

Other

56

-

Total

107,313

201,932

NET INCOME/(EXPENDITURE)

(13,688

)

(5,443

)

RECONCILIATION OF FUNDS

Total funds brought forward

715,814

721,257

TOTAL FUNDS CARRIED FORWARD

702,126

715,814

31.12.24

31.12.23

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

8

678,544

684,446

CURRENT ASSETS

Cash in hand

25,022

32,808

CREDITORS

Amounts falling due within one year

9

(1,440

)

(1,440

)

NET CURRENT ASSETS

23,582

31,368

TOTAL ASSETS LESS CURRENT LIABILITIES

702,126

715,814

NET ASSETS

702,126

715,814

FUNDS

10

Unrestricted funds:

General fund

702,126

715,814

TOTAL FUNDS

702,126

715,814

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 15 September 2025 and were signed on its behalf by:

Z Cederberg - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

2.	DONATIONS AND LEGACIES

31.12.24

31.12.23

£

£

Donations

93,499

196,271

3.	RAISING FUNDS

Raising donations and legacies

31.12.24

31.12.23

£

£

Rates and water

502

506

Insurance

4,659

4,230

Light and heat

13,468

18,886

Telephone

1,119

1,269

Postage and stationery

1,597

1,064

Groceries and direct cost

24,399

61,727

Audit Accounting Fees

1,440

1,752

Bank charges

207

175

Interest payable and similar charges

-

130

47,391

89,739

Other trading activities

31.12.24

31.12.23

£

£

Repairs and Maintenance

9,930

51,064

Cleaning and Household

2,374

515

Computer software

494

334

Travel and Fundraising

18,721

25,098

Interest payable and similar charges

100

-

31,619

77,011

Aggregate amounts

79,010

166,750

4.	CHARITABLE ACTIVITIES COSTS

Direct

Costs

£

Direct Costs

28,247

5.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.24

31.12.23

£

£

Depreciation - owned assets

9,402

9,147

6.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

196,271

Other income

218

Total

196,489

EXPENDITURE ON

Raising funds

166,750

Charitable activities

Direct Costs

35,182

Total

201,932

NET INCOME/(EXPENDITURE)

(5,443

)

RECONCILIATION OF FUNDS

Total funds brought forward

721,257

TOTAL FUNDS CARRIED FORWARD

715,814

8.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

668,895

35,523

26,254

730,672

Additions

-

-

3,500

3,500

At 31 December 2024

668,895

35,523

29,754

734,172

DEPRECIATION

At 1 January 2024

-

28,607

17,619

46,226

Charge for year

-

6,514

2,888

9,402

At 31 December 2024

-

35,121

20,507

55,628

NET BOOK VALUE

At 31 December 2024

668,895

402

9,247

678,544

At 31 December 2023

668,895

6,916

8,635

684,446

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Accrued expenses

1,440

1,440

10.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

715,814

(13,688

)

702,126

TOTAL FUNDS

715,814

(13,688

)

702,126

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

93,625

(107,313

)

(13,688

)

TOTAL FUNDS

93,625

(107,313

)

(13,688

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

721,257

(5,443

)

715,814

TOTAL FUNDS

721,257

(5,443

)

715,814

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

196,489

(201,932

)

(5,443

)

TOTAL FUNDS

196,489

(201,932

)

(5,443

)

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

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

721,257

(19,131

)

702,126

TOTAL FUNDS

721,257

(19,131

)

702,126

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

290,114

(309,245

)

(19,131

)

TOTAL FUNDS

290,114

(309,245

)

(19,131

)

11.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.