**REGISTERED CHARITY NUMBER: 1111503** 

**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR HINDU WELFARE ASSOCIATION OF ESSEX** 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 10|
|Detailed Statement of Financial Activities|11 to 12|





**HINDU WELFARE ASSOCIATION OF ESSEX** 

**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 

1111503 

## **Principal address** 

HWA School House Community Centre Church Road Noak Hill Romford Essex RM4 1LD 

## **Trustees** 

B K Goyal Chairman A Kaushal Vice Chairman D Purohit Secretary A Shah Sumitra Goyal 

Committee members Mr Sunil Gupta Mr Satya Aggarwal Dr Sanjay Wazir Mrs Shiela Dookooah Mr K K Singh 

Executive Committee Members and Trustees are elected in accordance with the rules as laid down in the constitution. Their role is honorary and the committee members do not receive any remuneration. 

## **Independent examiner** 

Faruk & Company Chartered Certified Accountants 23 Wards Road Ilford, Essex IG2 7AZ 

## **Bankers** 

Lloyds TSB Bank Plc Barking Branch 11 Station Road Barking Essex IG11 8ED 

## **Advisers** 

Faruk & Company Chartered Certified Accountants 23 Wards Road Ilford, Essex IG2 7AZ 

## **SCOPE AND REGISTERED CHARITY NUMBER** 

The charity was established by its constitution dated 16th January 2005, and is registered with the Charity Commission in England and Wales under No 1111503. 

Page 1 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. 

## **Risk management** 

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The principal activity of the Association during the year, which has remained unchanged from previous years, was that of advancement of Hindu religion. 

## **Significant activities** 

During the year all the major functioned were celebrated. 

## **FINANCIAL REVIEW** 

We were able to generate donations of £45,860 from the devotees during the year. 

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 28/09/2021 

............................................. B K Goyal  - Trustee 

Page 2 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HINDU WELFARE ASSOCIATION OF ESSEX** 

I report on the accounts for the year ended 31 March 2021, which are set out on pages four to ten. 

## **Responsibilities and basis of report** 

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). 

I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the 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. 

My role is to state whether any material matters have come to my attention giving me cause to believe: 

1. that accounting records were not kept as required by section 130 of the Act; or 

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

3. that the accounts do not comply with the accounting requirements of the Act; or 

4. that there is further information needed for a proper understanding of the accounts. 

## **Independent examiner's statement** 

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. 

Faruk Ahmed Chartered Certified Accountants 23 Wards Road Ilford, Essex IG2 7AZ 

Date: ............................................. 28/09/2021 

Page 3 



## **HINDU WELFARE ASSOCIATION OF ESSEX** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total  funds|Total  funds|
|||funds|funds|||
||Not|£|£|£|£|
||es|||||
|**INCOMING RESOURCES**||||||
|**Incoming resources from generated funds**||||||
|Voluntary income||78,774|-|78,774|72,008|
|Activities for generating funds|2|3,101|-|3,101|9,725|
|Investment income|3|4|-|4|22|
|**Total incoming resources**||81,879|-|81,879|81,755|
|**RESOURCES EXPENDED**||||||
|**Costs of generating funds**||||||
|Costs of generating voluntary income|4|29,621|-|29,621|33,951|
|**Governance costs**||536|-|536|3,536|
|**Total resources expended**||30,157|-|30,157|37,487|
|**NET INCOMING RESOURCES**||51,722|-|51,722|44,268|
|**RECONCILIATION OF FUNDS**||||||
|**Total funds brought forward**||462,390|-|462,390|418,122|
|**TOTAL FUNDS CARRIED FORWARD**||514,112|-|514,112|462,390|



The notes form part of these financial statements 

Page 4 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

## **BALANCE SHEET** 

## **AT 31 MARCH 2021** 

|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total  funds|Total  funds|
|||funds|funds|||
||Not|£|£|£|£|
||es|||||
|**FIXED ASSETS**||||||
|Tangible assets|8|714,729|-|714,729|714,729|
|**CURRENT ASSETS**||||||
|Debtors|9|1,020|-|1,020|2,620|
|Cash at bank and in hand||13,175|-|13,175|11,045|
|||14,195|-|14,195|13,665|
|**CREDITORS**||||||
|Amounts falling due within one year|10|(8,688)|-|(8,688)|(4,048)|
|**NET CURRENT ASSETS**||5,507|-|5,507|9,617|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**||720,236|-|720,236|724,346|
|**CREDITORS**||||||
|Amounts falling due after more than one year|11|(206,124)|-|(206,124)|(261,956)|
|**NET ASSETS**||514,112|-|514,112|462,390|
|**FUNDS**|12|||||
|Unrestricted funds||||514,112|462,390|
|Restricted funds||||-|-|
|**TOTAL FUNDS**||||514,112|462,390|



The financial statements were approved by the Board of Trustees on ............................................. and were signed on 28/09/2021 its behalf by: 

............................................. B K Goyal -Trustee 

The notes form part of these financial statements 

Page 5 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021** 

## **1. ACCOUNTING POLICIES** 

## **Accounting convention** 

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. 

## **Incoming resources** 

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

## **Resources expended** 

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. 

Freehold property - not provided 

## **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. 

## **2. ACTIVITIES FOR GENERATING FUNDS** 

|Advertisement<br>Raffle<br>Diwali function<br>**3.**<br>**INVESTMENT INCOME**<br>Deposit account interest<br>**4.**<br>**COSTS OF GENERATING VOLUNTARY INCOME**<br>Staff costs<br>Support costs|31.3.21<br>£<br>3,101<br>-<br>-<br>3,101<br>31.3.21<br>£<br>4<br>31.3.21<br>£<br>10,883<br>18,738<br>29,621|31.3.20<br>£<br>3,900<br>1,050<br>4,775<br>9,725<br>31.3.20<br>£<br>22<br>31.3.20<br>£<br>4,500<br>29,451<br>33,951|
|---|---|---|



Page 6 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021** 

## **5. SUPPORT COSTS** 

||Management|Finance|Totals|
|---|---|---|---|
||£|£|£|
|Costs of generating voluntary income|13,313|5,425|18,738|
|Support costs, included in the above, are as follows:||||
|**Management**||||
|||31.3.21|31.3.20|
|||Costs of||
|||generating||
|||voluntary||
|||income|Total activities|
|||£|£|
|Rates and water||833|1,931|
|Insurance||1,829|1,816|
|Light and heat||3,824|3,475|
|Telephone||211|170|
|Postage and stationery||1,177|48|
|Sundries||1,302|1,557|
|Diwali function||-|980|
|Musicians||-|50|
|Repairs & Maintenance||3,023|1,740|
|Cleaning||1,056|1,372|
|Navratre||-|3,533|
|Equipment purchases||58|3,860|
|||13,313|20,532|
|**Finance**||||
|||31.3.21|31.3.20|
|||Costs of||
|||generating||
|||voluntary||
|||income|Total activities|
|||£|£|
|Bank charges||347|395|
|Bank loan interest||5,078|8,524|
|||5,425|8,919|



## **6. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. 

Page 7 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021** 

|**7.**|**STAFF COSTS**||||
|---|---|---|---|---|
||||31.3.21|31.3.20|
||||£|£|
||Wages and salaries||10,883|4,500|
||The average monthly number of employees during the year was as follows:||||
||||31.3.21|31.3.20|
||Priest||1|1|
||No employees received emoluments in excess of £60,000.||||
|**8.**|**TANGIBLE FIXED ASSETS**||||
|||Freehold|Improvements||
|||property|to property|Totals|
|||£|£|£|
||**COST**||||
||At 1 April 2020 and 31 March 2021|634,729|80,000|714,729|
||**NET BOOK VALUE**||||
||At 31 March 2021|634,729|80,000|714,729|
||At 31 March 2020|634,729|80,000|714,729|
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.3.21|31.3.20|
||||£|£|
||Other debtors||1,020|2,620|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||31.3.21|31.3.20|
||||£|£|
||Other creditors||8,688|4,048|
|**11.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**||||
||||31.3.21|31.3.20|
||||£|£|
||Bank loans||206,124|261,956|
|**12.**|**MOVEMENT IN FUNDS**||||
||||Net movement||
|||At 1.4.20|in funds|At 31.3.21|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|462,390|51,722|514,112|
||**TOTAL FUNDS**|462,390|51,722|514,112|



Page 8 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021** 

## **12. MOVEMENT IN FUNDS - continued** 

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

||Incoming|Resources|Movement in|
|---|---|---|---|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|81,879|(30,157)|51,722|
|**TOTAL FUNDS**|81,879|(30,157)|51,722|
|**Comparatives for movement in funds**||||
|||Net movement||
||At 1.4.19|in funds|At 31.3.20|
||£|£|£|
|**Unrestricted Funds**||||
|General fund|416,220|46,170|462,390|
|**Restricted Funds**||||
|Havering CPCG|1,902|(1,902)|-|
|**TOTAL FUNDS**|418,122|44,268|462,390|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement in|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|81,755|(35,585)|46,170|
|**Restricted funds**||||
|Havering CPCG|-|(1,902)|(1,902)|
|**TOTAL FUNDS**|81,755|(37,487)|44,268|
|A current year 12 months and prior year 12 months combined position is as follows:||||
|||Net movement||
||At 1.4.19|in funds|At 31.3.21|
||£|£|£|
|**Unrestricted funds**||||
|General fund|416,220|97,892|514,112|
|**Restricted funds**||||
|Havering CPCG|1,902|(1,902)|-|
|**TOTAL FUNDS**|418,122|95,990|514,112|



Page 9 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021** 

## **12. MOVEMENT IN FUNDS - continued** 

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 in|
|---|---|---|---|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|163,634|(65,742)|97,892|
|**Restricted funds**||||
|Havering CPCG|-|(1,902)|(1,902)|
|**TOTAL FUNDS**|163,634|(67,644)|95,990|



Page 10 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

|**INCOMING RESOURCES**<br>**Voluntary income**<br>Donations<br>Grants<br>Arti<br>**Activities for generating funds**<br>Advertisement<br>Raffle<br>Diwali function<br>**Investment income**<br>Deposit account interest<br>**Total incoming resources**<br>**RESOURCES EXPENDED**<br>**Costs of generating voluntary income**<br>Priest<br>**Governance costs**<br>Legal fees<br>**Support costs**<br>**Management**<br>Rates and water<br>Insurance<br>Light and heat<br>Telephone<br>Postage and stationery<br>Sundries<br>Diwali function<br>Musicians<br>Repairs & Maintenance<br>Cleaning<br>Navratre<br>Equipment purchases<br>**Finance**<br>Bank charges<br>Bank loan interest<br>**Total resources expended**|31.3.21<br>£<br>45,859<br>25,386<br>7,529<br>78,774<br>3,101<br>-<br>-<br>3,101<br>4<br>81,879<br>10,883<br>536<br>833<br>1,829<br>3,824<br>211<br>1,177<br>1,302<br>-<br>-<br>3,023<br>1,056<br>-<br>58<br>13,313<br>347<br>5,078<br>5,425<br>30,157|31.3.20<br>£<br>50,165<br>7,410<br>14,433<br>72,008<br>3,900<br>1,050<br>4,775<br>9,725<br>22<br>81,755<br>4,500<br>3,536<br>1,931<br>1,816<br>3,475<br>170<br>48<br>1,557<br>980<br>50<br>1,740<br>1,372<br>3,533<br>3,860<br>20,532<br>395<br>8,524<br>8,919<br>37,487|
|---|---|---|



This page does not form part of the statutory financial statements 

Page 11 



**HINDU WELFARE ASSOCIATION OF ESSEX** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** 

|**Net income**|31.3.21<br>£<br>51,722|31.3.20<br>£<br>44,268|
|---|---|---|



This page does not form part of the statutory financial statements 

Page 12