2024-03-31-accounts - Indian Hindu Welfare Organisation (Northampton) Limited

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REGISTERED COMPANY NUMBER: 05512710 (England and Wales)
REGISTERED CHARITY NUMBER: 1114457

`Report of the Trustees and`

`Unaudited Financial Statements`

`for the Year Ended 31 March 2024`

`for`

`INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED`

Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

INDIAN HINDU WELFARE
ORGANISATION (NORTHAMPTON) LIMITED

`Contents of the Financial Statements`

`for the Year Ended 31 March 2024`

	`Page`
`Report of the Trustees`	`1 to 2`
`Independent Examiner's Report`	`3 to 4`
`Statement of Financial Activities`	`5`
`Balance Sheet`	`6 to 7`
`Notes to the Financial Statements`	`8 to 14`
`Detailed Statement of Financial Activities`	`15 to 16`

INDIAN HINDU WELFARE
ORGANISATION (NORTHAMPTON) LIMITED

`Report of the Trustees for the Year Ended 31 March 2024`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2024.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`Structure, governance and management Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.

`Reference and administrative details`

`Registered Company number`

05512710 (England and Wales)

`Registered Charity number`

`Registered office`

Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

`Trustees`

Mrs N Singh Consultant
Mr M Mistry Biomedical Science
Mr C D Parmar Director
Mr P Singh Director
Miss S Karavadra Trustee (appointed 1.9.23)
Mrs R Shah Trustee (appointed 1.9.23)
Mr N Parekh Trustee (appointed 1.9.23)
Mr S H Patel Trustee (appointed 1.9.23)

`Company Secretary`

Mrs N Singh

Page 1

INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED

`Report of the Trustees for the Year Ended 31 March 2024`

`Reference and administrative details`

Independent Examiner Cobley Desborough Chartered Certified Accountants Chartered Tax Advisers Artisans' House 7 Queensbridge Northampton Northamptonshire NN4 7BF

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 3 December 2024 and signed on its behalf by:

Mrs R Shah - Trustee

Page 2

Independent Examiner's Report to the Trustees of
Indian Hindu Welfare
Organisation (Northampton) Limited

`Independent examiner's report to the trustees of Indian Hindu Welfare Organisation (Northampton) Limited ('the Company')`

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2024.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act
2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection 145(5)
(b) of the 2011 Act.

Page 3

Independent Examiner's Report to the Trustees of
Indian Hindu Welfare
Organisation (Northampton) Limited

`Independent examiner's statement`

I have completedmy examination.I confirmthat no mattershave come to my attentionin 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)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

Mr Andrew Hasker

Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

3 December 2024

Page 4

`INDIAN HINDU WELFARE`

`ORGANISATION (NORTHAMPTON) LIMITED`

`Statement of Financial Activities`

`for the Year Ended 31 March 2024`

`Unrestricted` `funds` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `14,672` `Charitable activities` `Temple` `-` `Investment income` `2` `22,614` `Total` `37,286` `EXPENDITURE ON` `Raising funds` `5,034` `Charitable activities` `Temple` `-` `Weston Favell Parish Hall` `14,240` `Total` `19,274` `NET INCOME` `18,012` `Transfers between funds` `9` `(133,910)` `Net movement in funds` `(115,898)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `215,807` `TOTAL FUNDS CARRIED FORWARD` `99,909`	`Restricted` `funds` `£` `21,678` `-` `-` `21,678` `1,478` `127` `-` `1,605` `20,073` `133,910` `153,983` `477,239` `631,222`	`2024` `Total` `funds` `£` `36,350` `-` `22,614` `58,964` `6,512` `127` `14,240` `20,879` `38,085` `-` `38,085` `693,046` `731,131`	`2023` `Total` `funds` `£` `17,927` `1,000` `19,726`
			`38,653`
			`7,691` `-` `11,669`
			`19,360`
			`19,293` `-`
			`19,293` `673,753`
			`693,046`

The notes form part of these financial statements

Page 5

`INDIAN HINDU WELFARE`

`ORGANISATION (NORTHAMPTON) LIMITED`

`Balance Sheet 31 March 2024`

`Unrestricted` `funds` `Notes` `£` `FIXED ASSETS` `Tangible assets` `6` `3,482` `CURRENT ASSETS` `Debtors` `7` `260` `Cash at bank` `96,469` `96,729` `CREDITORS` `Amounts falling due within one year` `8` `(302)` `NET CURRENT ASSETS` `96,427` `TOTAL ASSETS LESS CURRENT LIABILITIES` `99,909` `NET ASSETS` `99,909` `FUNDS` `9` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`Restricted` `funds` `£` `210,412` `195,251` `225,686` `420,937` `(127)` `420,810` `631,222` `631,222`	`2024` `Total` `funds` `£` `213,894` `195,511` `322,155` `517,666` `(429)` `517,237` `731,131` `731,131` `99,909` `631,222` `731,131`	`2023` `Total` `funds` `£` `5,226` `195,509` `492,613` `688,122` `(302)` `687,820` `693,046` `693,046` `215,807` `477,239` `693,046`

Thecharitablecompanyis entitledto exemptionfromauditunderSection477of theCompaniesAct 2006
for the year ended 31 March 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 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.

The notes form part of these financial statements

Page 6

INDIAN HINDU WELFARE ORGANISATION (NORTHAMPTON) LIMITED

`Balance Sheet - continued 31 March 2024`

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 3 December 2024 and were signed on its behalf by:

Mrs R Shah - Trustee

The notes form part of these financial statements

Page 7

INDIAN HINDU WELFARE
ORGANISATION (NORTHAMPTON) LIMITED

Notes to the Financial Statements
for the Year Ended 31 March 2024

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1 January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein theUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.

`Income`

Allincomeisrecognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.

Fixtures and fittings- 10% on cost
Computer equipment- 20% on reducing balance

`Taxation`

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

`Fund accounting`

Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.

Restrictedfunds can only be used for particularrestrictedpurposeswithinthe objectsof the  charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.

Page 8

INDIAN HINDU WELFARE
ORGANISATION (NORTHAMPTON) LIMITED

`Notes to the Financial Statements - continued for the Year Ended 31 March 2024`

`2. INVESTMENT INCOME`

`Rents received` `Deposit account interest`	`2024` `£` `21,833` `781` `22,614`	`2023` `£` `19,566` `160`
		`19,726`

`3. NET INCOME/(EXPENDITURE)`

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

	`2024`	`2023`
	`£`	`£`
`Depreciation - owned assets`	`1,744`	`1,875`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2024nor for
the year ended 31 March 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31March2024norfortheyear ended
31 March 2023.

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `funds` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `13,983` `Charitable activities` `Temple` `1,000` `Investment income` `19,726` `Total` `34,709` `EXPENDITURE ON` `Raising funds` `7,691`	`Restricted` `funds` `£` `3,944` `-` `-` `3,944` `-`	`Total` `funds` `£` `17,927` `1,000` `19,726`
		`38,653`
		`7,691`

Page 9

INDIAN HINDU WELFARE

`ORGANISATION (NORTHAMPTON) LIMITED`

`Notes to the Financial Statements - continued for the Year Ended 31 March 2024`

`5.` `COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued` `Unrestricted` `Restricted` `funds` `funds` `£` `£` `Charitable activities` `Weston Favell Parish Hall` `11,669` `-` `Total` `19,360` `-` `NET INCOME` `15,349` `3,944` `Transfers between funds` `(15,000)` `15,000` `Net movement in funds` `349` `18,944` `RECONCILIATION OF FUNDS` `Total funds brought forward` `215,458` `458,295` `TOTAL FUNDS CARRIED FORWARD` `215,807` `477,239` `6.` `TANGIBLE FIXED ASSETS` `Fixtures` `Freehold` `and` `Computer` `property` `fittings` `equipment` `£` `£` `£` `Cost` `At 1 April 2023` `-` `17,434` `1,401` `Additions` `210,412` `-` `-` `At 31 March 2024` `210,412` `17,434` `1,401` `Depreciation` `At 1 April 2023` `-` `12,208` `1,401` `Charge for year` `-` `1,744` `-` `At 31 March 2024` `-` `13,952` `1,401` `Net book value` `At 31 March 2024` `210,412` `3,482` `-` `At 31 March 2023` `-` `5,226` `-`	`Total` `funds` `£` `11,669` `19,360` `19,293` `-` `19,293` `673,753` `693,046` `Totals` `£` `18,835` `210,412` `229,247` `13,609` `1,744` `15,353` `213,894` `5,226`	`Total` `funds` `£` `11,669`
		`19,360`
		`19,293` `-`
		`19,293` `673,753`
		`693,046`

Page 10

INDIAN HINDU WELFARE

`ORGANISATION (NORTHAMPTON) LIMITED`

`Notes to the Financial Statements - continued for the Year Ended 31 March 2024`

`7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`Trade debtors` `Associated company loan` `8.` `CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Tax` `9.` `MOVEMENT IN FUNDS` `At 1/4/23` `£` `Unrestricted funds` `Revenue reserve` `45,367` `Revenue 3 year contingency` `30,000` `Weston Favell Parish Hall` `102,530` `Navratri 3 year contingency` `23,491` `Chai & Chat` `8,550` `Asha Deep Project` `5,869` `215,807` `Restricted funds` `Temple` `477,239` `TOTAL FUNDS` `693,046`	`Net` `movement` `in funds` `£` `12,163` `-` `5,849` `-` `-` `-` `18,012` `20,073` `38,085`	`2024` `£` `261` `195,250` `195,511` `2024` `£` `429` `Transfers` `between` `funds` `£` `-` `-` `(96,000)` `(23,491)` `(8,550)` `(5,869)` `(133,910)` `133,910` `-`	`2023` `£` `259` `195,250`	`2023` `£` `259` `195,250`
			`195,509`
			`2023` `£` `302` `At` `31/3/24` `£` `57,530` `30,000` `12,379` `-` `-` `-`	`2023` `£` `302`
			`99,909` `631,222`
			`731,131`

Page 11

INDIAN HINDU WELFARE
ORGANISATION (NORTHAMPTON) LIMITED

`Notes to the Financial Statements - continued for the Year Ended 31 March 2024`

`9. MOVEMENT IN FUNDS - continued`

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

`Unrestricted funds` `Revenue reserve` `Weston Favell Parish Hall` `Restricted funds` `Temple` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `15,453` `(3,290)` `12,163` `21,833` `(15,984)` `5,849` `37,286` `(19,274)` `18,012` `21,678` `(1,605)` `20,073` `58,964` `(20,879)` `38,085`

`Comparatives for movement in funds`

`Unrestricted funds` `Revenue reserve` `Revenue 3 year contingency` `Weston Favell Parish Hall` `Navratri 3 year contingency` `Chai & Chat` `Asha Deep Project` `Restricted funds` `Temple` `TOTAL FUNDS`	`At 1/4/22` `£` `43,403` `30,000` `111,685` `19,338` `5,163` `5,869` `215,458` `458,295` `673,753`	`Net` `movement` `in funds` `£` `1,964` `-` `5,845` `4,153` `3,387` `-` `15,349` `3,944` `19,293`	`Transfers` `between` `funds` `£` `-` `-` `(15,000)` `-` `-` `-` `(15,000)` `15,000` `-`	`At` `31/3/23` `£` `45,367` `30,000` `102,530` `23,491` `8,550` `5,869`
				`215,807` `477,239`
				`693,046`

Page 12

INDIAN HINDU WELFARE
ORGANISATION (NORTHAMPTON) LIMITED

`Notes to the Financial Statements - continued for the Year Ended 31 March 2024`

`9. MOVEMENT IN FUNDS - continued`

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

`Unrestricted funds` `Revenue reserve` `Weston Favell Parish Hall` `Navratri 3 year contingency` `Chai & Chat` `Restricted funds` `Temple` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `4,426` `(2,462)` `1,964` `19,565` `(13,720)` `5,845` `6,053` `(1,900)` `4,153` `4,665` `(1,278)` `3,387` `34,709` `(19,360)` `15,349` `3,944` `-` `3,944` `38,653` `(19,360)` `19,293`

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

`Unrestricted funds` `Revenue reserve` `Revenue 3 year contingency` `Weston Favell Parish Hall` `Navratri 3 year contingency` `Chai & Chat` `Asha Deep Project` `Restricted funds` `Temple` `TOTAL FUNDS`	`At 1/4/22` `£` `43,403` `30,000` `111,685` `19,338` `5,163` `5,869` `215,458` `458,295` `673,753`	`Net` `movement` `in funds` `£` `14,127` `-` `11,694` `4,153` `3,387` `-` `33,361` `24,017` `57,378`	`Transfers` `between` `funds` `£` `-` `-` `(111,000)` `(23,491)` `(8,550)` `(5,869)` `(148,910)` `148,910` `-`	`At` `31/3/24` `£` `57,530` `30,000` `12,379` `-` `-` `-`
				`99,909` `631,222`
				`731,131`

Page 13

INDIAN HINDU WELFARE
ORGANISATION (NORTHAMPTON) LIMITED

`Notes to the Financial Statements - continued for the Year Ended 31 March 2024`

`9. MOVEMENT IN FUNDS - continued`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

`Unrestricted funds` `Revenue reserve` `Weston Favell Parish Hall` `Navratri 3 year contingency` `Chai & Chat` `Restricted funds` `Temple` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `19,879` `(5,752)` `14,127` `41,398` `(29,704)` `11,694` `6,053` `(1,900)` `4,153` `4,665` `(1,278)` `3,387` `71,995` `(38,634)` `33,361` `25,622` `(1,605)` `24,017` `97,617` `(40,239)` `57,378`

`10. RELATED PARTY DISCLOSURES`

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

Page 14

`INDIAN HINDU WELFARE`

`ORGANISATION (NORTHAMPTON) LIMITED`

`Detailed Statement of Financial Activities for the Year Ended 31 March 2024`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Gifts` `Donations` `Gift aid` `Subscriptions` `Investment income` `Rents received` `Deposit account interest` `Charitable activities` `Grants` `Total incoming resources` `EXPENDITURE` `Raising donations and legacies` `Fixtures and fittings` `Computer equipment` `Other trading activities` `Activity expenses net` `Charitable activities` `Insurance` `Telephone` `Sundries` `Repairs and renewals`	`2024` `£` `1` `31,786` `3,558` `1,005` `36,350` `21,833` `781` `22,614` `-` `58,964` `1,744` `-` `1,744` `4,768` `2,163` `-` `127` `1,544` `3,834`	`2023` `£` `-` `17,108` `-` `819`
		`17,927` `19,566` `160`
		`19,726` `1,000`
		`38,653` `1,744` `131`
		`1,875` `5,816` `909` `98` `-` `583`
		`1,590`

This page does not form part of the statutory financial statements

Page 15

`INDIAN HINDU WELFARE`

`ORGANISATION (NORTHAMPTON) LIMITED`

`Detailed Statement of Financial Activities for the Year Ended 31 March 2024`

`Support costs` `Management` `Staff & office costs` `Light and heat` `Governance costs` `Legal fees` `Total resources expended` `Net income`	`2024` `£` `2,400` `7,098` `9,498` `1,035` `20,879` `38,085`	`2023` `£` `2,400` `7,679`
		`10,079` `-`
		`19,360`
		`19,293`

This page does not form part of the statutory financial statements

Page 16