|||Pages| |---|---|---| |Trustees'
Annual
Report||| |Independent
Examiner's|Report|| |Statement of Financial Activities||| |Balance Sheet||| |Statement ofCash flows||| |Notes to the Accounts||| |Detailed Statement
of Financial Activities||16to 17| ## ## ## ## ## ## ## ## ## ## |Statement
o
for the year|f Financial Activit
ended 31March|ies
2023|||| |---|---|---|---|---|---| ||||Unrestricted||| ||||funds|Total funds|Total funds| ||||2023|2023|2022| |||Notes|E|E|E| |Income and|endowments||||| |from:|||||| |Donations|and legacies||107,785|107,785|117,072| |Charitable|activities||48,743|48,743|18,477| |Other trading
activities|||21,110|21,110|15,721| |Other|||14,845|14,845|535| |Total|||192,483|192,483|151,805| |Expenditure|on:||||| |Charitable|activities||30,215|30,215|26,238| |Other|||126,347|126,347|109,458| |Total|||156,562|156,562|135,696| |Net gains on|investments||||| |Net income|||35,921|35,921|16,109| |Transfers
between
funds|||||| |Net income|before other||||| |gains/(losses)|||35,921|35,921|16,109| |Other gains|and losses||||| |Net movement
in funds|||35,921|35,921|16,109| |Reconciliation
offunds:|||||| |Total funds brought forward|||780,712|780,712|764,603| |Total funds carried forward|||816,633|816,633|780,712| ## ## |Charity No. 10594|7|8||2023|2022| |---|---|---|---|---|---| ||||||f| |Fixed assets|||||| |Tangible assets|||11|95,547|64,343| |Investments|||12|1,194,700|1,194,700| |||||1,290,247|1,259,043| |Current assets|||||| |Cash at bank and||in hand||31,833|44,304| |||||31,833|44,304| |Creditors: Amount|falling due within one year||13|(14,089)|(14,823)| |Net current assets||||17,744|29,481| |Total assets less current liabilities||||1,307,991|1,288,524| |Creditors: Amounts||falling due after more than one year|14|(463,445)|(507,812)| |Net assets excluding||pension asset or liability||844,546|780,712| |Total net assets||||844,546|780,712| |The funds ofthe charity|||||| |Restricted funds|||15||| |Unrestricted
funds|||15||| |General funds||||769,778|733,857| |||||769,778|733,857| |Reserves|||15||| |Revaluation
reserve||||46,855|46,855| |Reserve||||27,913|| |||||74,768|46,855| |Totalfunds||||844,546|780,712| ## ## ## ## |Expenditure|||||||| |---|---|---|---|---|---|---|---| |Recognition|of|Expenditure
is recognised
on an accruals|basis. Expenditure
includes|||any VAT|which| |expenditure||cannot be fully recovered,
and is reported|as part ofthe expenditure|||to which|it| |||relates.|||||| |Expenditure|on|These comprise the costs associated with|attracting|voluntary|income, fundraising||| |raising funds||trading costs and investment
management|costs.||||| |Expenditure|on|These comprise the costs incurred
by the|Charity
in the delivery of its|||activities|and| |charitable
activities||services
in the furtherance
ofits objects, including||the making|ofgrants and||| |||governance
costs.|||||| |Grants payable||All grant expenditure
is accounted for on|an actual|paid basis|plus an|accrual for|| |||grants that have been approved
by the trustees at||the end of|the year but not||yet| |||pa icl.|||||| |Governance|costs|These include those costs associated with|meeting|the constitutional||and statutory|| |||requirements
ofthe Charity,
including
any audit/independent|||examination
fees,||| |||costs linked to the strategic management|ofthe Charity, together
with a share||||of| |||other administration
costs.|||||| |Other expenditure||These are support costs not allocated to a particular||activity.|||| ## ## ## ## ## ## ## ## ## ## ## |2|Statemen|t|of Financial|Activities - prior year|||| |---|---|---|---|---|---|---|---| |||||||Unrestricted|| |||||||funds|Total funds| |||||||2022|2022| |Income and endowments||||from:|||| ||Donations||and legacies|||117,072|117,072| ||Charitable||activities|||18,477|18,477| ||Other trading activities|||||15,721|15,721| ||Other|||||535|535| |Total||||||151,805|151,805| |Expenditure||on:|||||| ||Charitable||activities|||26,238|26,238| ||Other|||||109,458|109,458| |Total||||||135,696|135,696| |Net income||||||16,109|16,109| |Net income before other|||||||| |gains/(losses)||||||16,109|16,109| |Other gains and losses:|||||||| |Net|movement||in funds|||16,109|16,109| |Reconciliation|||offunds:||||| |Total funds brought forward||||||764,603|764,603| |Total funds carried forward||||||780,712|780,712| |3|Income from donations|||and legacies|||| ||||||Unrestricted|Total|Total| |||||||2023|2022| ||||||E|f|E| ||Donations||||107,785|107,785|117,072| ||||||107,785|107,785|117,072| |4|Income from charitable|||activities|||| ||||||Unrestricted|Total|Total| |||||||2023|2022| |||||||E|E| ||Pooja Ticket Sales||||48,743|48,743|18,477| ||||||48,743|48,743|18,477| |5|Income from other trading|Income from other trading|activities|||| |---|---|---|---|---|---|---| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Hall Hire|||5,800|5,800|4,200| ||Sundry Sales Income|||4,937|4,937|204| ||Monthly Subscription|||10,373|10,373|11,317| |||||21,110|21,110|15,721| |6|Other income|||||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||||||E|E| ||Government
Grant|||14,845|14,845|535| |||||14,845|14,845|535| |7|Expenditure
on charitable||activities|||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Expenditure
on charitable|||||| ||activities|||||| ||Pooja Ticket Sales|||30,215|30,215|19,238| ||Charitable
Payments|||||7,000| ||Governance
costs|||||| |||||30,215|30,215|26,238| |8|Other expenditure|||||| |||||Unrestricted|Total|Total| ||||||2023|2022| ||Bank loan and overdraft
interest payable|||17,103|17,103|9,019| ||Employee costs|||73,782|73,782|78,826| ||Motor and travel costs|||113|113|84| ||Premises costs|||15,534|15,534|5,303| ||Amortisation,
depreciation,|||||| ||impairment,
profit/loss|on||874|874|921| ||disposal offixed assets|||||| ||General administrative|costs||7,822|7,822|11,815| ||Legal and professional|costs||11,119|11,119|3,490| |||||126,347|126,347|109,458| ## |No|tes to the Accounts||||| |---|---|---|---|---|---| |9|Net income before transfers||||| ||||2023||2022| ||This is stated after charging:||f||E| ||Depreciation
ofowned fixed assets||874||921| |10 Staff costs|||||| ||||2023||2022| ||Salaries and wages||73,782||77,388| ||Pension costs||||1,438| ||||73,782||78,826| ||No employee
received emoluments|in excess of660,000.|||| |11 Tangible fixed assets|||||| ||||Plant and|Fixtures,|| |||Jewellers|Machinery|fittings and
equipment|Total| |||||f|| ||Cost or revaluation||||| ||At 1April 2022|46,855|23,451|3,304|73,610| ||Additions|4,165|||4,165| ||Revaluation|27,913|||27,913| ||At 31March 2023|78,933|23,451|3,304|105,688| ||Depreciation
and||||| ||impairment||||| ||At 1April 2022||8,945|322|9,267| ||Depreciation
charge for the||725|149|874| ||year||||| ||At 31March 2023||9,670|471|10,141| ||Net book values||||| ||At 31March 2023|78,933|13,781|2,833|95,547| ||At 31March 2022|46,855|14,506|2,982|64,343| |12|Investments||||| |||||Land and|| |||||buildings|Total| |||||6|6| ||Cost or revaluation||||| ||At 1April 2022|||1,194,700|1,194,700| ||At 31March 2023|||1,194,700|1,194,700| ||Net book values||||| ||At 31March 2023|||1,194,700|1,194,700| ||At 31March 2022|||1,194,700|1,194,700| ## |13|Creditors:|Creditors:|Creditors:|Creditors:|Creditors:||||| |---|---|---|---|---|---|---|---|---|---| ||amounts
falling due within one year||||||||| ||||||||2023||2022| ||||||||f||f| ||Other taxes and social security||||||1,657||3,603| ||Other creditors||||||10,500||11,220| ||Accruals||||||1,932||| ||||||||14,089||14,823| |14|Creditors:||||||||| ||amounts
falling due after|||more than one year|||||| ||||||||2023||2022| ||||||||f||f| ||Bank loans|and overdrafts|||||463,445||507,812| ||||||||463,445||507,812| |15|Movement|in funds|||||||| ||||||||Incoming||| ||||||||resources||At 31| ||||||||(including|Resources|March| ||||||At 1April||other
gains/losses|expended|2023| |||||||2022|)||| ||||||||f||| ||Restricted funds:||||||||| ||Unrestricted|funds:|||||||| ||General funds||||733,857||192,483|(156,562)|769,778| ||Revaluation|Reserves:|||||||| ||Revaluation|fund||||46,855|||46,855| ||Total revaluation||reserves|||46,855|||46,855| ||Totalfunds||||780,712||192,483|(156,562)|816,633| ||Reserve||||||||27,913| ||Purposes
and restrictions|||in relation to the funds:|||||| ||Revaluation|reserves|||Represent the amount|by which|investments|exceed their historical cost.|| |6|Analysis of|net assets between|||funds||||| ||||||||Unrestricted|Restricted|| ||||||||||Total| ||||||||funds|funds|| ||||||||f||f| ||Fixed assets||||||16,614|78,933|95,547| ||Investments||||||1,194,700||1,194,700| ||Net current|assets|||||17,744||17,744| ||Creditors due in more than
provisions|||one|year and||(463,445)||(463,445)| ||||||||765,613|78,933|844,546| ## ## |||||||||At 31| |---|---|---|---|---|---|---|---|---| |||||||At 1April||March| |||||||2022|Cash flows|2023| |||||||f|f|f| |Cash and cash equivalents||||||44,304|(12,471)|31,833| |||||||44,304|(12,471)|31,833| |Bank loans||||||(507,812)|44,367|(463,445)| |||||||(507,812)|44,367|(463,445)| |Net debt||||||(463,508)|31,896|(431,612)| |Commitments||||||||| |Operating||lease commitments||||||| |Annual|commitments||under non-cancellable|operating|leases are as follows:|||| ||||||2023|2023|2022|2022| |||||Land|and||Land and|| |||||||Other||Other| |||||buildings|||buildings|| ||||||f|||| |Operating||leases with|expiry date:|||||| |Pension|commitments|||||||| |||||||2023||2022| |||||||f||f| |The pension cost charge to the charity||||||||| |amounted||to:||||||1,438| ## ## |||2023|2022| |---|---|---|---| |||6|E| |Cash flows from operating|activities||| |Net income per Statement|of Financial Activities|35,921|16,109| |Adjustments
for:|||| |Depreciation
of property,
plant and equipment||874|921| |Dividends,
interest
and|rents from investments|(14,845)|(535)| |Other gains/losses||(27,913)|| |Increase
in trade and other payables||27,179|7,393| |Net cash provided
by operating activities||21,216|23,888| |Cash flows from investing|activities||| |Payments for property,|plant and equipment|(4,165)|| |Dividends,
interest and|rents from investments|14,845|535| |Net cash from investing
activities||10,680|535| |Cash flows from financing|activities||| |Repayment
ofborro wings||(44,367)|(53,050)| |Net cash used in financing|activities|(44,367)|(53,050)| |Net decrease
in cash and cash equivalents||(12,471)|(28,627)| |Cash and cash equivalents|at the beginning ofthe year|44,304|113,381| |Cash and cash equivalents|at the end ofthe year|31,833|84,754| |Components
ofcash and cash equivalents|||| |Cash and bank balances||31,833|44,304| |||31,833|44,304| ||||Unrestricted||| |---|---|---|---|---|---| ||||funds|Total funds|Tota I funds| ||||2023|2023|2022| |||||E|E| |Income and endowments||from:|||| |Donations
and legacies|||||| |Donations|||107,785|107,785|117,072| ||||107,785|107,785|117,072| |Charitable
activities|||||| |Pooja Ticket Sales|||48,743|48,743|18,477| ||||48,743|48,743|18,477| |Other trading
activities|||||| |Hall Hire|||5,800|5,800|4,200| |Sundry Sales Income|||4,937|4,937|204| |Monthly
Subscription|||10,373|10,373|11,317| ||||21,110|21,110|15,721| |Other|||||| |Government
Grant|||14,845|14,845|535| ||||14,845|14,845|535| |Total income and endowments|||192,483|192,483|151,805| |Expenditure
on:|||||| |Charitable
activities|||||| |Pooja Ticket Sales|||30,215|30,215|19,238| |Charitable
Payments|||||7,000| ||||30,215|30,215|26,238| |Total ofexpenditure
activities|on charitable||30,215|30,215|26,238| |Other expenditure|||||| |Bank loan and overdraft||interest|||| |payable|||17,103|17,103|9,019| ||||17,103|17,103|9,019| |Employee costs|||||| |Salaries/wages|||73,782|73,782|77,388| |Pension costs|||||1,438| ||||73,782|73,782|78,826| |Motor and travel costs|||||| |Travel and subsistence|||113|113|84| ||||113|113|84| |Premises costs|||||| |Rates|||5,141|5,141|635| |Light, heat and power|||8,570|8,570|4,279| |Premises
cleaning|||1,416|1,416|| |Other premises costs|||407|407|389| ## |||15,534|15,534|5,303| |---|---|---|---|---| |Generaladministrative|costs,|||| |including
depreciation|and|||| |amortisation||||| |Depreciation
of Plant|and|725|725|764| |Machinery||||| |Depreciation
of Fixtures, fittings||149|149|157| |and equipment||||| |Bank charges||2,159|2,159|2,421| |Equipment
expensed||121|121|3,343| |Advertising
8 Marketing||600|600|| |Equipment
repairs and
maintenance||914|914|2,004| |General insurances||2,068|2,068|1,944| |Postage and couriers||121|121|106| |Software,
ITsupport|and related|864|864|770| |costs||||| |Stationery and printing||348|348|277| |Sundry expenses||231|231|509| |Telephone,
fax and broadband||396|396|441| |||8,696|8,696|12,736| |Legal and professional|costs|||| |Accountancy
and bookkeeping||420|420|2,300| |Other legal and professional
costs||10,699|10,699|1,190| |||11,119|11,119|3,490| |Total ofexpenditure
of|other costs|126,347|126,347|109,458| |Total expenditure||156,562|156,562|135,696| |Net gains on investments||||| |Net income||35,921|35,921|16,109| |Net income before other||||| |gains/(losses)||35,921|35,921|16,109| |Other Gains||||| |Net movement
in funds||35,921|35,921|16,109| |Reconciliation offunds:||||| |Total funds brought
forward||780,712|780,712|764,603| |Total funds carried forward||816,633|816,633|780,712|