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← Basingstoke Hindu Society

2024-08-31-accounts

Registered number 1107780

BASINGSTOKE HINDU SOCIETY

Report and Accounts

31 August 2024

BASINGSTOKE HINDU SOCIETY Report and accounts Contents

Page
Charity information 1
Chairman report 2 to 3
External examiner report 4
Accountants' report 5
Profit and loss account 6
Balance sheet 7
Statement of changes in equity 8
Notes to the accounts 9 to 13
Detailed profit and loss account 14 to 16

BASINGSTOKE HINDU SOCIETY Charity Information

Trustees

Prashant Shirode Ashtosh Pandey Mr Kishor Patel Mr Deepak Rabheru

Accountants

Gowin Accountants Limited 38 Hamelyn Close, Basingstoke, United Kingdom, RG21 8UY

Registered office

The Carnival Hall Council Road Basingstoke England RG21 3DH

Registered number

1107780

1

Chairman's Report

Basingstoke Hindu Society (BHS)

Presented by: [Mr Prashant Shirode]

Reporting Year: [e.g., Sept 2023 – Aug 2024]

Date of Presentation: [28 June 2025]

1. Introduction

Namaste.

It is with great pride and humility that I present this year’s Chairman’s Report on behalf of the Basingstoke Hindu Society. As a community-driven organisation rooted in seva (service), sanskriti (culture), and sangathan (unity), this year has once again demonstrated the strength and resilience of our members and volunteers.

2. Our Mission

BHS exists to promote and preserve Hindu culture, values, and traditions in the Basingstoke community. We provide a spiritual, cultural, and social platform where members of all ages can engage, contribute, and grow together in harmony.

3. Key Highlights and Achievements

applicable]

2

4. Financial Summary

*A full financial report is available separately from the Treasurer. *

5. Challenges & Opportunities

6. Future Plans

Looking forward, BHS aims to:

7. Acknowledgements

On behalf of the Executive Committee and Trustees, I wish to thank:

8. Conclusion

Together, we uphold the light of dharma and unity in our diverse and beautiful town of Basingstoke. Let us continue this journey with devotion, pride, and collective purpose.

Dhanyavaad and Jai Shri Ram,

[Mr Prashant Shirode] Chairman, Basingstoke Hindu Society [28 June 2025]

3

Independent examiner’s report on the accounts

Report to the trustees/ members of

BASINGSTOKE HINDU SOCIETY

On accounts for the year ended 31 August 2024

Responsibilities and basis of report: -

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

As the charity trustees of the Trust, you are responsible for the preparation o1 the accounts in accordance with the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under s145 of the Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under s145(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 which gives me cause to believe that in, any material respect:

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

Signed: Himabindu Javvaji Name: Himabindu Javvaji Address: Gowin Accountants Limited , 38 Hamelyn Close, Basingstoke, United Kingdom, RG21 8UY

Dated: 30 June 2025

4

BASINGSTOKE HINDU SOCIETY

Accountants' Report

Accountants' report to the Trustees BASINGSTOKE HINDU SOCIETY

Responsibilities and basis of report:

I report to the trustees on my examination of the accountsfor the year ended 31 August 2024. As the charity trustees of the Trust, you are responsible for the preparation o1 the accounts in accordance with the Charities Act 2011 (the Act).

I report in respect of my examination of the Trust's accounts carried out under s145 of the Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under s145(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 which gives me cause to believe that in, any material respect:

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

Gowin Accountants Limited

Accountants & Tax Consultants

38 Hamelyn Close, Basingstoke, United Kingdom, RG21 8UY

30 June 2025

5

BASINGSTOKE HINDU SOCIETY Profit and Loss Account for the year ended 31 August 2024

Donations
Charity events/ Charity work
Gross Surplus
Administrative expenses
Other operating income
Operating Surplus
Surplus		 2024
£
61,591
(7,626)
53,965
(46,563)
-
7,402
7,402		 2023
£
59,825
(3,827)
55,998
(30,862)
3,073
28,209
28,209

I hereby certify that the books, records and information given to Gowin Accountants Limited are correct to the best of my knowledge and any deviations to those I shall be personally responsible. I also approve of this accounts for submission to Charity Commission

Signed:__ Date:__

Mr Prashant Shirode

6

BASINGSTOKE HINDU SOCIETY Registered number: 1107780 Balance Sheet as at 31 August 2024

Notes
Fixed assets
Tangible assets
3
Current assets
Debtors
4
Cash at bank and in hand
(Unrestricted)
Cash at bank and in hand
(restricted)
Creditors: amounts falling due
within one year
5
Net current assets
Net assets
Capital and reserves
Profit and loss account
Shareholders' funds		 2024
£
822
3,041
435,306
34,230
472,577
(3,531)
469,046
469,868
469,868
469,868		 2023
£
-
6,479
428,606
34,230
469,315
(6,849)
462,466
462,466
462,466
462,466

The trustees acknowledge their responsibilities for complying with the requirements of the Charities Act 2011("the Act") with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to Charities subject to the Charities regime. The profit and loss account has not been delivered to the Registrar of Companies.

Prashant Shirode Trustee Approved by the board on 30 June 2025

7

BASINGSTOKE HINDU SOCIETY Statement of Changes in Equity for the year ended 31 August 2024

At 1 September 2022
Surplus for the financial year
At 31 August 2023
At 1 September 2023
Surplus for the financial year
At 31 August 2024		 Profit
and loss
account
£
434,257
28,209
462,466
462,466
7,402
469,868		 Total
£
434,257
28,209
462,466
462,466
7,402
469,868

8

BASINGSTOKE HINDU SOCIETY Notes to the Accounts for the year ended 31 August 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery 20% Reducing Balance Fixtures, fittings, tools and equipment 20% Reducing Balance

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

9

BASINGSTOKE HINDU SOCIETY Notes to the Accounts for the year ended 31 August 2024

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

10

BASINGSTOKE HINDU SOCIETY Notes to the Accounts for the year ended 31 August 2024

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2
Employees
Average number of persons employed by the company
3
Tangible fixed assets
Cost
At 1 September 2023
Additions
At 31 August 2024
Depreciation
At 1 September 2023
Charge for the year
At 31 August 2024
Net book value
At 31 August 2024
4
Debtors
Trade debtors
5
Creditors: amounts falling due within one year		 2024
Number
0
2024
£
3,041
2024		 2023
Number
0
Plant and
machinery
etc
£
20,448
1,027
21,475
20,448
205
20,653
822
2023
£
6,479
2023

11

BASINGSTOKE HINDU SOCIETY Notes to the Accounts for the year ended 31 August 2024

Trade creditors

£ £ 3,531 6,849

12

BASINGSTOKE HINDU SOCIETY Notes to the Accounts for the year ended 31 August 2024

6 Other information

7
Cash at bank ( Restricted & unrestricted)
Barclays Current Account
Barclays Business Premium Account
Barclays Bank UK PLC
CCLA Charities Deposit Fund
CCLA Charities Deposit Fund (Restricted)
Nationwide Building Society
Total		 43,646
104,885
154,488
125,512
34,230
6,775
469,536		 246,926
49,392
-
125,512
34,230
6,776
462,836

BASINGSTOKE HINDU SOCIETY is a private company limited by shares and incorporated in The Carnival Hall

Council Road Basingstoke England RG21 3DH

13

BASINGSTOKE HINDU SOCIETY

Detailed profit and loss account for the year ended 31 August 2024

This schedule does not form part of the statutory accounts

Donations
Charity Payments/Relief Work
Gross Surplus
Administrative expenses
Other operating income
Operating Surplus
Surplus		 2024
£
61,591
(7,626)
53,965
(46,563)
-
7,402
7,402		 2023
£
59,825
(3,827)
55,998
(30,862)
3,073
28,209
28,209

14

BASINGSTOKE HINDU SOCIETY

Detailed profit and loss account for the year ended 31 August 2024

This schedule does not form part of the statutory accounts

Donations
Hire of Hall including Car Parking
Donations and Grants
Membership Subscriptions
Bank Deposit Interest
Chai pe Charcha other Income
4800 - Hire of Hall
4801 - CAR PARKING
Donations
Charity Payments/Relief Work
Navratri event
Diwali event
Christmas & New Year
Events- other
Food/Meal Expenses
Project Nanhe Kadam
Administrative expenses
Employee costs:
Motor expenses
Premises costs:
Rates
Light and heat
Cleaning
General administrative expenses:
Telephone and internet
Stationery and printing
Computer and software
Subscriptions
Equipment expensed
Equipment hire
Repairs and maintenance
Garden Maintenance
Pest control
Waste management
Building security
Insurance
Depreciation
Donations
Sundry expenses
Legal and professional costs:
Accountancy fees
Other legal and professional		 2024
£
35,746
16,443
3,978
4,980
444
-
-
61,591
2,171
826
777
2,887
827
138
7,626
2,606
2,606
977
6,285
6,974
14,236
616
196
180
450
499
1,723
16,673
-
648
3,066
1,300
1,040
205
-
160
26,756
650
2,315		 2023
£
44,500
8,629
1,616
5,080
-
-
-
59,825
3,325
-
226
-
276
-
3,827
-
-
576
6,404
8,563
15,543
149
303
199
393
-
999
7,620
-
900
3,405
-
902
-
50
399
15,319
-
-

15

BASINGSTOKE HINDU SOCIETY

Detailed profit and loss account for the year ended 31 August 2024

This schedule does not form part of the statutory accounts

Other operating income
Council grant for repairs		 2024
£
2,965
46,563
-		 2023
£
-
30,862
3,073

16