REGISTERED CHARITY NUMBER: 1025094
Report of the Trustees and
Financial Statements for the Year Ended 31 May 2021
for
HINDU CULTURAL RESOURCE CENTRE
Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT
HINDU CULTURAL RESOURCE CENTRE
Contents of the Financial Statements FOR THE YEAR ENDED 31 MAY 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 14 |
| Detailed Statement of Financial Activities | 15 | to | 16 |
HINDU CULTURAL RESOURCE CENTRE
Report of the Trustees FOR THE YEAR ENDED 31 MAY 2021
The trustees present their report with the financial statements of the charity for the year ended 31 May 2021. 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).
Page 1
HINDU CULTURAL RESOURCE CENTRE
Report of the Trustees FOR THE YEAR ENDED 31 MAY 2021
OBJECTIVES AND ACTIVITIES Objectives and aims
This report is an account of the activities of the Hindu Cultural Resource Centre for the year 2020/2021.
Hindu Cultural Resource Centre Durga Bhawan, is a registered charity, run by the collective efforts of the community leaders of Sandwell Hindu Community and the elected members of its executive committee.
The addition to the existing portfolio which consists of the main building on 360 Spon Lane South and 1 Hackett Drive is the casting of Mala Patra. With time this will also prove to be a valuable asset. With this we have completed the pledge to all devotes to make and display the mala patra on festive times.
Our financial reserves were robust to see us through the lean period. With our donations dropping to record low and our static expenditure remaining the same, we depended upon the reserves to see us through. We also managed to successfully claim £25000 from the insurance company.
We availed of the government furlough scheme for all the staff. Grants to run the temple were not available. But we could not access grants for different projects due to lack of volunteers prepared to help run them.
The complex was partly opened to the public under strict government guidelines. To protect our devotes, the committee had already commenced the preparation for the partial closing from February 2020.
During the period of March to June 2020, both the Punditjee's diligently opened the temple. Aarti was performed both in the morning and evening. Devotes were not allowed. The cleaning procedures along with mask wearing was requested of all devotes.
During the national Covid lockdown, we lost numerous community members. Their contribution to this institution will be missed. Our condolence to the families.
A vote of appreciations to the Punditjee's, staff and volunteers along with the committee who worked tirelessly to guide us through this pandemic.
The roof of the mandir has now been replaced.
There was a delay in holding the elections, which hopefully will now be held by end of October 2021.
Pending projects will be executed by the new committee. We anticipate a new and invigorated committee to be in place by end of October 2021.
The committee structure remains unchanged and consists of :-
Religious/ Cultural Committee Building Committee Kitchen Committee Education Committee
Management Committee 2016/2021
The list of present management committee.
Patrons
Mr S.D. Kapila Mr K.D. Sharma Mr M.M. Sharma
LIST OF OFFICE BEARERS AND COMMITTEE MEMBERS FOR YEAR 2016-2021
PRESIDENT MR BALDEV KAPIL VICE PRESIDENT MR PREM SAGAR
Page 2
HINDU CULTURAL RESOURCE CENTRE
Report of the Trustees FOR THE YEAR ENDED 31 MAY 2021
GENERAL SECRETARY MR SHIV KUMAR ASSISTANT SECRETARY MR CHANDER VASHIST TRUSTEE/TREASURER MR AMAR KANT SHARMA TRUSTEE /ASSISTANT TREASURER MR BALDEV P BHARDWAJ TRUSTEE/BUILDING MAINTENANCE MR ASHWANI BHARDWAJ TRUSTEE/BUILDING MAINTENANCE MR SURINDER KUMAR SUDERA TRUSTEE/MEMBERSHIP SECRETARY MR K R PRASHAR EXECUTIVE MEMBER/STORE INCHARGE MR J.P. BHARDWAJ EXECUTIVE MEMBER MR MOHINDER KUMAR EXECUTIVE MEMBER/KITCHEN INCHARGE MRS ASHA DEVI CHAUHAN EXECUTIVE MEMBER MRS NIRMALA BHARDWAJ EXECUTIVE MEMBER/ BUILDING MAINTENANCE MR NARINDER K KALIA EXECUTIVE MEMBER/STORE INCHARGE MR RULIA RAM SANGAR EXECUTIVE MEMBER/RELIGIOUS MR RAJESH KUMAR EXECUTIVE MEMBER/RELIGIOUS MR JANAK RAJ SHARMA
Significant activities Mandir Activities
Due to Covid 19, the temple was opened for restricted hours and all religious functions were curtailed. Punditjee' continued with the rituals with limited devotes allowed to attend. Masks were mandatory and devotes were encouraged to help in following the government rules.
Hindu Awareness
No Scholars or religious heads were invited to facilitate Hindu awareness.
Marriage Registration
The Hindu Cultural Resource Centre (HCRC) is registered to facilitate registration of marriages. This year we had to cancel all bookings as per government guidelines.
Bhandara (Community Meal)
Kitchen and the dining hall was mainly closed for the duration of the year. Wakes were permitted to be held within the strict government guidelines.
Inter Faith Community
HCRC Durga Bhawan reaches out to all parts of the community. But with the restricted hours and social distancing in place no invites were sent out to any institute.
Community Programmes
In Partnership with Sandwell council and NHS a temporary Covid 19 vaccination centre was held on two days. This was availed by the local community. Sewa charity was facilitated in packing of food parcels for community in need of food.
Use of Community Hall
We could not use any of the community hall during the whole year. Considering our prime spot with parking spaces, The committee rooms were offered both to NHS and sandwell council to open as Covid vaccination centre. This offer was not taken up.
Mission Statement
To help the B.M.E community (Indians) by creating awareness and suggesting solutions for their common problems, so that they can improve their life style and increase their capacity to work and thrive efficiently and harmoniously in a multi-cultural society. It is to be a holistic approach to solve various problems faced by the community.
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HINDU CULTURAL RESOURCE CENTRE
Report of the Trustees
FOR THE YEAR ENDED 31 MAY 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1025094
Principal address
360 Spon Lane South Smethwick West Midlands B66 1AB
Trustees
B Kapil P Sagar S Kumar C Vashist A K Sharma (Holding Trustee) B P Bhardwaj (Holding Trustee) A Bhardwaj (Holding Trustee) S K Sudera (Holding Trustee) K R Prashar (Holding Trustee) J P Bhardwaj M Kumar Mrs A D Chauhan Mrs N Bhardwaj N K Kalia R R Sangar R Kumar J R Sharma
Independent examiner
Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT
Approved by order of the board of trustees on 9 September 2021 and signed on its behalf by:
A K Sharma (Holding Trustee) - Trustee
Page 4
Independent Examiner's Report to the Trustees of Hindu Cultural Resource Centre
Independent examiner's report to the trustees of Hindu Cultural Resource Centre
I report to the charity trustees on my examination of the accounts of Hindu Cultural Resource Centre (the Trust) for the year ended 31 May 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I 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 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 form and content of accounts set out in the 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 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.
Thapers Limited Thapers Limited Chartered Accountants Harpal House 14 Holyhead Road Handsworth Birmingham West Midlands B21 0LT
9 September 2021
Page 5
HINDU CULTURAL RESOURCE CENTRE
Statement of Financial Activities FOR THE YEAR ENDED 31 MAY 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31/5/21 Unrestricted funds £ 91,438 - 91,438 94,766 (3,328) 1,348,710 1,345,382 |
31/5/20 Total funds £ 129,427 2,251 131,678 140,919 (9,241) 1,357,951 1,348,710 |
|---|---|---|
The notes form part of these financial statements
Page 6
HINDU CULTURAL RESOURCE CENTRE
Balance Sheet
31 MAY 2021
| Notes FIXED ASSETS Tangible assets 9 Investments Investment property 10 Social investments 11 CURRENT ASSETS Debtors 12 Cash at bank and in hand CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 15 Unrestricted funds TOTAL FUNDS |
31/5/21 Unrestricted funds £ 1,137,631 50,123 17,999 1,205,753 2,730 151,561 154,291 (14,662) 139,629 1,345,382 1,345,382 1,345,382 1,345,382 |
31/5/20 Total funds £ 1,097,486 50,123 17,999 1,165,608 - 214,107 214,107 (31,005) 183,102 1,348,710 1,348,710 1,348,710 1,348,710 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 September 2021 and were signed on its behalf by:
S K Sudera (Holding Trustee) - Trustee
A K Sharma (Holding Trustee) - Trustee
The notes form part of these financial statements
Page 7
HINDU CULTURAL RESOURCE CENTRE
Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
Improvements to property - 2% on cost Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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HINDU CULTURAL RESOURCE CENTRE
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021
2. DONATIONS AND LEGACIES
| Donations Grants JRS Grant Grants received, included in the above, are as follows: Other grants |
31/5/21 £ 65,075 - 26,363 91,438 31/5/21 £ - |
31/5/20 £ 126,231 3,196 - |
|---|---|---|
| 129,427 | ||
| 31/5/20 £ 3,196 |
Grants received are included within the accounts as income and are shown gross. Expenses to which certain grants may relate are included within the accounts as expenditure. During the year no subsidy was awarded by Sandwell Council which relates to local authority rates.
Subsidy was awarded in the financial accounts year ended 31 May 2013, 31 May 2014, 31 May 2015, 31 May 2016, 31 May 2017, 31 May 2018, 31 May 2019 and 31 May 2020.
3. INVESTMENT INCOME
| Advertising board rent Deposit account interest RAISING FUNDS Raising donations and legacies Staff costs Telephone DC stationery postage DC Other operating expenses DC Repairs IT software costs Support costs |
31/5/21 £ - - - 31/5/21 £ 56,578 1,274 1,084 827 1,452 - 33,551 94,766 |
31/5/20 £ 2,250 1 2,251 31/5/20 £ 64,034 1,082 1,524 3,794 8,589 180 61,716 |
|---|---|---|
| 140,919 |
4. RAISING FUNDS
continued...
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HINDU CULTURAL RESOURCE CENTRE
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021
5. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Management | Other | Totals | |
| £ | £ | £ | |
| Raising donations and legacies | 28,656 | 4,895 | 33,551 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
7. STAFF COSTS
| 31/5/21 £ Wages and salaries 56,578 Other pension costs 553 57,131 The average monthly number of employees during the year was as follows: 31/5/21 Management 5 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31/5/20 £ 64,034 911 64,945 31/5/20 5 Unrestricted funds £ 129,427 2,251 131,678 140,919 (9,241) 1,357,951 1,348,710 |
|---|---|
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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HINDU CULTURAL RESOURCE CENTRE
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021
9. TANGIBLE FIXED ASSETS
| COST At 1 June 2020 Additions At 31 May 2021 DEPRECIATION At 1 June 2020 Charge for year At 31 May 2021 NET BOOK VALUE At 31 May 2021 At 31 May 2020 COST At 1 June 2020 Additions At 31 May 2021 DEPRECIATION At 1 June 2020 Charge for year At 31 May 2021 NET BOOK VALUE At 31 May 2021 At 31 May 2020 |
Freehold property £ 1,067,540 34,442 1,101,982 - - - 1,101,982 1,067,540 Fixtures and fittings £ 100,450 502 100,952 73,333 4,143 77,476 23,476 27,117 |
Improvements to property £ - 10,000 10,000 - 200 200 9,800 - Motor vehicles £ 3,150 - 3,150 2,835 79 2,914 236 315 |
Plant and machinery £ 27,268 - 27,268 24,754 377 25,131 2,137 2,514 Totals £ 1,198,408 44,944 1,243,352 100,922 4,799 105,721 1,137,631 1,097,486 |
|---|---|---|---|
continued...
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HINDU CULTURAL RESOURCE CENTRE
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021
10. INVESTMENT PROPERTY
£
| COST VALUE At 1 June 2020 and 31 May 2021 NET BOOK VALUE At 31 May 2021 At 31 May 2020 11. SOCIAL INVESTMENTS COST VALUE At 1 June 2020 and 31 May 2021 NET BOOK VALUE At 31 May 2021 At 31 May 2020 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31/5/21 £ Other debtors 2,730 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31/5/21 £ Bank loans and overdrafts (see note 14) 5,154 Trade creditors 1,115 Taxation and social security 1,836 Other creditors 6,557 14,662 14. LOANS An analysis of the maturity of loans is given below: 31/5/21 £ Amounts falling due within one year on demand: Mortgage-investment property 5,154 |
50,123 50,123 50,123 Mala Patra investments £ 17,999 17,999 17,999 31/5/20 £ - 31/5/20 £ 8,848 9,370 2,115 10,672 31,005 31/5/20 £ 8,848 |
|---|---|
continued...
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HINDU CULTURAL RESOURCE CENTRE
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021
15. MOVEMENT IN FUNDS
| At 1.6.20 £ Unrestricted funds General fund 1,348,710 TOTAL FUNDS 1,348,710 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 91,438 TOTAL FUNDS 91,438 Comparatives for movement in funds At 1.6.19 £ Unrestricted funds General fund 1,357,951 TOTAL FUNDS 1,357,951 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 131,678 TOTAL FUNDS 131,678 |
Net movement in funds £ (3,328) (3,328) Resources expended £ (94,766) (94,766) Net movement in funds £ (9,241) (9,241) Resources expended £ (140,919) (140,919) |
At 31.5.21 £ 1,345,382 1,345,382 Movement in funds £ (3,328) (3,328) At 31.5.20 £ 1,348,710 1,348,710 Movement in funds £ (9,241) (9,241) |
|
|---|---|---|---|
continued...
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HINDU CULTURAL RESOURCE CENTRE
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 MAY 2021
15. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.6.19 £ 1,357,951 1,357,951 |
Net movement in funds £ (12,569) (12,569) |
At 31.5.21 £ 1,345,382 |
|---|---|---|---|
| 1,345,382 |
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 | 223,116 | (235,685) | (12,569) |
| TOTAL FUNDS | 223,116 | (235,685) | (12,569) |
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2021.
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HINDU CULTURAL RESOURCE CENTRE
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants JRS Grant Investment income Advertising board rent Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies DC Wages Telephone DC stationery postage DC Other operating expenses DC Repairs IT software costs Support costs Management Pensions Water Rates Insurance Light and heat Refreshments & consumables Lease on Hacket Drive Cleaning Refuse collection Subscriptions Repairs & renewals Coach Trip Motor Expenses Alarm Rental and Maintenance Accountancy Fee Advertising |
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MAY 2021 31/5/21 31/5/20 £ £ 65,075 126,231 - 3,196 26,363 - 91,438 129,427 - 2,250 - 1 - 2,251 91,438 131,678 56,578 64,034 1,274 1,082 1,084 1,524 827 3,794 1,452 8,589 - 180 61,215 79,203 553 911 2,717 2,789 4,261 4,168 11,135 17,025 459 9,183 82 3,838 1,499 1,517 2,442 4,559 491 302 294 1,113 - 3,946 2,045 863 240 - 2,288 1,926 150 2,543 28,656 54,683 |
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MAY 2021 31/5/21 31/5/20 £ £ 65,075 126,231 - 3,196 26,363 - 91,438 129,427 - 2,250 - 1 - 2,251 91,438 131,678 56,578 64,034 1,274 1,082 1,084 1,524 827 3,794 1,452 8,589 - 180 61,215 79,203 553 911 2,717 2,789 4,261 4,168 11,135 17,025 459 9,183 82 3,838 1,499 1,517 2,442 4,559 491 302 294 1,113 - 3,946 2,045 863 240 - 2,288 1,926 150 2,543 28,656 54,683 |
|---|---|---|
| 129,427 2,250 1 |
||
| 2,251 | ||
| 131,678 64,034 1,082 1,524 3,794 8,589 180 |
||
| 79,203 911 2,789 4,168 17,025 9,183 3,838 1,517 4,559 302 1,113 3,946 863 - 1,926 2,543 |
||
| 54,683 |
This page does not form part of the statutory financial statements
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HINDU CULTURAL RESOURCE CENTRE
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MAY 2021
| 31/5/21 | 31/5/20 | |
|---|---|---|
| £ | £ | |
| Management | ||
| Other | ||
| Sundries | 7 | 1,497 |
| Improvements to property | 200 | - |
| Plant and machinery | 377 | 444 |
| Fixtures and fittings | 4,143 | 4,785 |
| Motor vehicles | 79 | 105 |
| Bank loan interest | 89 | 202 |
| 4,895 | 7,033 | |
| Total resources expended | 94,766 | 140,919 |
| Net expenditure | (3,328) | (9,241) |
This page does not form part of the statutory financial statements
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