2020-12-31-accounts - The Reading Hindu Centre

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A MESSAGE FROM THE CHAIRMAN OF THE EXECUTIVE COMMITTEE

In November 2019 Reading Hindu Centre’s (RHC’s) launch a fund raising initiative - “ Ek Sham Suhani” - for carrying out some urgent repairs in the Temple building. Following were the key outcomes:

with your kind generosity, this initiative has generated more than eleven thousand pounds
the old damaged and leaking windows in the main hall were replaced with new double glazed windows – it will minimise noise pollution for our neighbours, produce less energy bills and warmer environment, especially in winter.

I wish to express my deepest sense of gratitude to all those who attended this event, put advert, articles, artworks in the magazine and offered financial donations to this noble cause.

The year 2020 started as normal, but unexpectedly developed into a challenging year for mankind. I have no doubt in my mind that it is going to go down in the history as the year of “COVID-19”. For our Temple, it all started with a nationwide lockdown in March, which forced religious organisations to close their doors…

The situation was unprecedented. However, Executive Committee (EC) acted swiftly, and activated a plan of telecasting the festival celebrations live via Temple’s established social networking services. Since March, Chaitra Navratri, Ram Navmi, Hanuman Jayanti and Adi Shankaracharya Jayanti were celebrated in the Temple virtually via Facebook live feed.

In July, with the easing of restrictions, the EC once again geared into action and prepared the premise by following government guidance and regulations for the reopening of the Temple. Since then, Shrikrishna Janmashtami and Indian independence day were celebrated virtually, whereas during Ganesh Festival and Ashwin Navratri devotees’ participation was permitted with restrictions in place. For obvious reason of social distancing, the Navratri Garba and Karwa Choth puja were not organised in the Temple. However, a Karva Chauth katha was recorded and made available on the Facebook, which enabled ladies to perform the puja in their homes.

Additionally, since March 2020, the evening aarti was telecasted once a week on Tuesday with a live darshan of all the deities.

I feel proud that during this stressful and difficult times, EC made huge effort for delivering the RHC’s religious responsibilities towards the entire Hindu community. The number of views recorded for the festivals and aarti telecasts which many times exceeded thousands, simply proves the essentialness of our religious services, and how much devotees valued them…In all, undoubtedly, we received an overwhelming response from the congregation, which was very pleasing.

Despite this, it was no surprise that the overall footfall of the devotees in the Temple has drastically fallen. This has directly affected the Charity’s income, with an estimated shortfall of £25k for the current year and is forecast to be even more in the New Year…

Over the last 18 years, EC has always handled the Charity’s finances prudently, and have tried to build cash reserves to protect the Charity from failing in difficult times. This reserve has enabled the EC to fulfil all its key financial commitments such as payment of refurbishment loan, Priest’s fulltime salary through a government’s Furlough scheme and other day to day routine maintenance expenses, which still remain even with the reduced opening hours of the Temple.

Hence in order to top up the reserve of the Charity, the EC launched a fund raising appeal during Diwali 2020, and as always our community have responded very positively. It gives me great pleasure to announce that:

with your kind generosity, this initiative has raised around £8 k

I am extremely thankful to all those who have contributed to this appeal, and request you all to keep spreading the message across. Also, if you have not yet responded to this appeal, then please do contribute generously for our Temple…

Lastly, I have always believed that the Temple community is keeping this charity on continuing path of growth and progress. EC value your advice and help in any respect. So please do not hesitate to contact myself or my fellow EC members if you:

have certain expertise, which you feel you can offer for the benefit of the Charity
wish to become a member of the Charity, Or a member of the Committee

Remember, more hands make light work!

May the year ahead bring you all the happiness, peace and wealth you rightly deserve!

Thank you very much for your continuing support and encouragement…

Stay safe, stay blessed!

Yours truly,

Dr Ashok S Khare

Chairperson of the Executive Committee

Executive Committee

Mr Govind Bhatti (Treasurer), Mr Laxman Chouhan (Elected member), Mr Shashi Mawkin (Property manager), Mr Sunil Mehan (Joint Secretary), Mr Karan Mehra (Joint Treasurer and Hiring Coordinator), Mr Vijay Mistry (Secretary), Mrs Khushboo Panwar (Events Coordinator), Mr Bhupendra Sankhla (Vice Chairperson), Mr Bhupen Sodha (Elected Member) and Mr Srikrishnan Sriram (Elected member)

CHARrrY REGWRATION NUMBER: 1115850 The Reading Hindu Centre Unaudited Financial Statements 31 December 2020 HARISH MISTRY FCA FFTA Chartered accountants HBMistry&Co Tudor House Mill Lane Calcot Reading RG317RS

The Readlng Hindu Centre Flnanclal Statements Y8ar onded 31 December 2020 Page Trustees, annual report Independent examinels report to the trustees statement of financial gctivthes Statement of financial position Notes to the finanGial statements The followlng pages do nol fomi part of the flnanclal statomants Detailed statement of financial activttses 16 Notes to th8 detailed ststsment of financial adwtbes 17

The Readlng Hindu Centre Trustees. Annual Roport Year ended 31 Decombar 2020 The tm8tses present their repL¥I and the unaudited finontyal statements of the ¢h8rty for the year ended 31 D8(mbèr 2020. R•far•nc• and admlnlstratlv• deiall R•glstered ¢harlty nam• The Re•Jing Hindu Cèntre Charlty roglstratlon nurnb•r 1115850 Prlnelpal offl¢e l12whYStre0t Rsading RG2 OEQ Th• tntstees Mrs Srirnm Dr A Khare Mr Bhatti Mr K Mehra Tha trustees Dr A6hok1th8re r Bhupendrg Sankhl8 Mr Vijay Misty Mr Govind Bhatti Mr Srlkrishrw) Srfram Mr Bhupendra Sodha Mr Sunil Mehan Mrs Khushboo P8nwar Mr Laxman Chouhan Mr Karan Mehra Mr Shashi K Mavhin Chairnian Vice Ch8irrnpn Secretary Trèasur Jnt Trea5ur8r Igned 13th June 20201 El18d mamber Events Co-ordinator & Web Man JDint Events c<8t0r & Publlclty Elected mernbsr EloctNI tnernber lappolnted Jwl Tr8&8urer 13th June 20201 Property Manager Indwpenderrt examlner Harish M*lry FCA FFTA Charterod a¢¢ountanl Twlor House li15 Lane. Calcot Readir Berks RG317RS

The Reading Hindu Centre Trustees. Annual Report Yoar ended 31 December 2020 Struoturg govemance and managem•nt Th¢ ¢harlty L8 cryanisod under a StstutiOn approved on 5 August 21M)6. The Charity is managed, on beha of th8 merntrRrB, by an Fxecutwe Committèe. a third ol which i elected every year at the annual general meètiThJ hèkl b8for8 30 June. The Executlve Commlttee mèmbèrs duriThJ th8 year are detalled on page 1 of th8sg finawal ststgments. All of the members provid&d their sorvic8s Irao ol eh8rgg. No membw had a materkal inierest In any eontract ol SnIficance to which the Charity wa5 a party duriryJ thg ye8r. ThE ExeculNe Gomrnittee ha8 assessed the malor rtsks to which thè Charity is 8XPD8ed, and Is sadsfled that systams are in place to rniti'gate exF¥)SUto the major risks. Oblectlvg5 and a¢dvltSes The oi¥eds of the Charity are by such m•ans as arg th8ritab18 to promot8 th8 Hindu relulon, to provldè 8 plac8 of wor8hip forfollower5 of the HiTrJu religion and to prLnolfj 8n¢J 9ncourage the valu88 of the HlThJu faith for the tn8fft of the wtAic at large. The Charity shal te pc4itkally non4llgrd. Tha eharily thY)rk8 whh, and pericxyically elVeS requesis fL SUPPDrt frorn othgr oartli9B and organisations knith similar ti*éctivès. Th8 merits crf eaol case are consl(lered by the Exec4JtNe Committee. From time to time they a9re9 to ¥uFwrt. by way of a m¢)dest grant, vthere such Is p6rceivgd to be of rnutual bengfft to both partie& We have referred lo the gukl8ncè conlained in the Charity Commissp)n's general guldance on publ1¢ benefit when revieng our aims and 0tr4•cUv8s and in pL4nning CAJr futur8 actit5. Achkv•m•nts and performance The Reading Hindu Centre promdes a fixxl tx)int for whh promot6s hamiony betwaèn various communities in ReadlThJ. The celtre houses 8 bgautrful temp which is open to all and all religious activit¥ aro $ucce58fully held at the centre. The centre enTageS Use of ts faulitse5 lor aLYiwiEs whlth promt& sritUal and hèathy liwng. Covid 19 Pandemic The activitS of the charfty We curtailed due to Compliance with the Jod( down guld8nce Issued under Covid 19 pandemlc. The h)d( down had a tnajor impacl on the Income ol the charity which relles on voluntary donaLions. The IrKorne dedined by 27%. Th8 centre wos thsed for 8Jl major b¥a8S and whenever. pc6sible sw"rlbJal dk%ex)uÈ$ and prayèrs were conducted virtualty for the beneftt olthè )mMUnty.

The Reading Hindu Centre Trustees. Annual Report {eoniinwdl Year ended 31 December 2020 Flnanc5al review The detailed financial position ol the charity is shown in the financial stat8menls attached. The Ex8culiv8 Committee are pleased to report that through judicious management of the Charitls finances, the charity has shown a net surplus income over expenditure of £24,61812019 £47,599). Re$erve$ Policy It is the policy of th8 Charity that unrestricted funds which have not b88n designated for a specifi¢ use should be maintained al a level equivalent lo between six and nine Tnonth's expenditure. Th8 Executive Committee consider that reserves al this 18vel will ensure that, in the event of a si9nificant drop in funding. they will be able to continue th8 Charitys current activities while consideration 15 given to ways in which additional funds may be raised. This level of reserves h8s been maintained throughout th8 year. Reserves are a150 required to fund any unexpected repairs to the building on which the charity relies on its activities. Rlsk management The charity 15 dependent on donations and along with the gift aid it ha5 8n8bled the charity to undertake improvements and repairs lo the cenlre. The Executive committee Is confident that the support and goodwill of the members and public 98nerally, will enable the Charity to meel its ongoing financial ¢ommitm8nts. The Ex8CUtivo Committee manages the ntre.$ risk by regular r9Vl8ws of health and safely procedures. fire protection procedures and ensuring adequ8te insuranc8s are In place lor the Centre. Plans for future period5 The c8ntr8 will continuè with ils daily religious programrne which ar& w811 published on its website. The centre renovation work will continue subject lo receipt of donations and availability of funds. The trustees, annual report was approved on 1BI July 2021 and signed on behalf of th8 board of trustees by.. Dr Ashok Khar8 Chairman Mr Govind Bhatli Treasurer

The Readlng Hlndu Centre Independent Examlnevs Report to tho Trustees of The Readlng Hlndu Centre Year ondod 31 Decernber 2020 I report to the bustees on my oxamin8tion of the finarle4 8tstements of The R&ing Hindu C8nlre I'the charllll for th8 year ended 31 Dectrmber 2020. R•sponslbllltl•s ènd b#811 of report As the trustees ol the charty you are rEStM)nsibb for the preparation of the financ1 stalern8nts irb a(cordance wtth the r8qulrem8nis of thè Chariuès ArA 20111'the Arfl. I report in r8SP8Ct of my examination of Ihg chantys finBnoal slatgments carri1 out und8r sectvjn 145 of th$ 2011 A¢t anil In ¢8rryng Out rny examination I have fowed all the applkable Dlrectlons by the Charmy Cornmission under section 145(Sllbl of thg Act. Indep8ndant 8xamlnorf$ ¥tatsment I hove eomplètsd my 8x8min8lron. I confinn Ihal no mate1 matters hav8 corne to my altenUC In GonnBdon th the exatninatiDn gmng mg cau88 to beIve that in any material le5t.. accounting reccffds w8re not kept in r8sFt of ts charity 8$ rgwirgd by 8a¢bon 130 of tho Act., or the ftr)andal ststements do not aca)nl vmh those TrdS.. finar1 statements do Th)t comtty with tt)è apptaL4è requlr8mènts cort8mkng tho forrn and cont8nt of a(nIS set crtrt *) the Charibes IAc(y)unts and Rep5) Regulat5 2(K)8 oth6[ than Mny r8qyirwngnt Ih8t th8 8ccounts give a 'true and fairf v4 whth Is not a matter consideced as part of an indwndent 8X8mination. I have no con(%rns and havo wme across no Olher matters in CneCtion the examlnadon to whlch attenuon should b& dT8wn In thL8 reffj in order to ena18 a proper understandiThJ ol the accounts to be reached. HarL%h Mlstry FCA FFTA Chartered acco¢Jntant Independent EXaMer HBMi5try&Co Chart8r8d accountants TL¥Jor House Mll Lane Cakni Reading Berks RG317RS Dale 1s1 July 2021

The Reading Hindu Centre Statement of Flnanclal Actlvltlos Year ended 31 Dember 2020 2020 Unrgstricted fvnds Totsl funds Tot funds 2019 Nots Income and endowmonts Donalknns and legacies Other trading activities Total Income 76.8S6 214 76.656 214 105,879 14.326 76.870 76.BTO 120,205 Exp8ndlturo Exp8ndlture on charftable acmes Total èxp•ndltur• &7 52.252 52,252 52.252 72,606 72,606 52252 Net Incomo ar ngt movement in funds 24,618 2&618 47,599 Reconciliation Df fundi Tot& fvnd5 broughl fmrd T¢)tal funds wrfgd forward 1,228,645 1,253,263 1,228,645 1,253,263 1.181,1)46 1.228,645 The statgrrgnt of fin3ncig1 actMts6s indudes all gains and bsses rwni88d In tha ygar. l in(x)me and exper¥Jliure derfve Irom continuing actiwlies. Tho note5 on pagm 7 10 14fofft part 01th fln8[al statBment

The Reading Hlndu Centre Statement of Financial Position 31 December 2020 2020 2019 Note Fixed a$$ets Tangible fixed assets 13 1,251,531 1,253,062 CUTnt as$gts Debtors C8sh 8t bank and in hand 14 7,664 83,692 91.356 13,346 72,363 85,709 Crodltors.. amounts falllng du8 Wlthin one year Net current assets 15 11,390 12,760 79,966 72,949 Total as8gt8 le$s ¢urr¢nt Ilabllltles 1,331,497 1.326,011 Crndltors.. amounts fallln9 du8 after more ¢han one year 16 78.234 97,366 Not ass•ts 1,253,263 1,228,645 Funds of the charlty Unrestricted funds.. Revaluation reserve Other unr&stricted income funds 1.019,879 233,384 1,019.879 208.766 Total unr85tricted funds 1.2S3,263 1,228,645 Total chari¢y funds 18 1,253,263 1,228,645 Th858 financial statements were approved by the board ol Iruslees and authorised for issue trn 1Dt July 2021, and are signed tsn behalf of the board by.. Khare Trustee Mr Bhatti Trustee Th8 not08 on pages 7 to 14 form part of these flnanclal ststements.

The Reading Hlndu Centre Notes to th& Flnanclal Slatsrnents Year ended 31 December 2020 G?ngral Infornwtion The th8rity public benefft entity and a regk8tsred tharity in England and Wales ar.d uninc(ptsraled. The address of the prinopal office is 112 Whrtiay Street, Reading, B8rks, RG2 OEQ. I Statem•nt of ¢ompllon These ffinanci818tat8m8nts be8n pr8P8rwJ in ¢(pIln wth FRS 102, The FinaTrrial Replwting Standard applble in the UK and the Republic of Ireland,, the Stst8m8nt of R6commended Practice apFAicable to charitsès preparfng thelr accounts in accoriJ8nce with Ihe Flnancial Reporting Standard ap8b18 in the UK and ReputAK of Ireland IFRS 1021 (Charitie8 SORP IFRS 10211 and the charib.es Act 2011. A¢untIng pollcles Basls of prep¥ratlon The finan(yal slalèments haw beon prepared on the htstorit>l iy)st basls. as modif by thè rèvaluation ol certain financial assels and Ikqtiltbgs atKI Investment propertSes meawrod at falr valw through income or expenditurè. The fknanoal Statents are Wepared kn sterlng. which is th8 fijnthonal currency of the enlty. Golng COnM There a no rnaterial uncertainties abc4rt the d)ariWs alitY to contiiue. Dlsclo8ur• •x•mptlons Und8r thg small entlty prOS1On$ wthin S1A of FRS 102. lh8 chaily claims eKgmptM)n from prèparing a cash h)w ststeMl Judgements and key source5 of 8stimatlon uncertalnty The preparation of the financial statements reoulres man&J8rn8nt to make judgemgnts, e5tirn8tes and a55umptths that affect the amounts reported. These estimates and judg8rn8nts arè contlnually reviewed ancl a baseo on experien(% and other faciors, induding expectations of ftrture events that are beIved lo rea%Ybla und8rth8 circumstsnces. Fund accounting Fund accounting Unrgstricted fu1$ are available for use at the dis(%etion of the trustees in furtherance of the purposes of the carty. Unrestricted lunds indud& 8 revaluation r8s8rve r8pre5enUng the restaierrent Df Fregholy property at market Value. RestricLed fund5 ar8 subj8ct8d to reStrOn8 on their expendtturg IMF0 bythe donor.

The Reading Hindu Centre Notes to the Flnanclal Statomonts i¢oni&tru Yoar ondod 31 D6ceThber 2020 Accountlng polldès iconthu•d) Incomlng resourc98 Ineom• I Income Is Induded in Ihe statemerrt of financial activltw the charty is entitled to Ihe Income. any perfCanc• related Lxjndllons attached hav6 boon m8t or are fully wrfthin th8 (x)n:.rol of tha charity, th8 illwmg B IxxY8id8reiJ prObae and the amount can be quantird with r8asonable accuracy. Thtr fOlk)lg SFffttfic wAIeS arg aprAied to partKular categories of income.. Donations and acy income Is received by way of donabons, lègaeA89, grants 8nd gifts and is induded in full in the Statement of Finaal Act1Wt when receivable. Investm6nt income Is Ineludad whan r&cèivab18. I[me tr¢ grap.ts. where related lo pertornan and spednc oeliverables. am ac4Xnted for as th• charity èwns thg r4hl to conBKlerafion by its P8rforrnanc. RQur¢ •xpended Expendlturg b r9c4yJnl8ed on 8n accsuals baws as a Itablllty [5 Inc#Jrred. Expendlture Indudas any VAT which canp.ot be ftklly recovered. al 18 uThJer headings of the statement of financwl activities to which it relates.. eynditure on ralsing fijnds Inc4udes the costs of all fundras1 actiwties. evonts. non-th¥ritsbEg Iradiro actrvibes, and the of donated gocJs. gxponditurg on (aritabb aciNilles indudes all costs incuThed by a charity In uThJertaklng actmlles thal further its tharilable aiTns for ts bgngfft of its benefiae3. including those suppvt Costs and costs relatlng to the g0Veman of thè charfty apporuoned to ch8rMablè aetmtles. Dther exwrmliture indudes all expenditure thal i8 neither related to Taislng fijnds lor the charity nor part of Its exp*)dltum on charit8b acb'viti88. I cfjsls are allated to expeThllture categofles relledro the use (rf the resource. Direct costs attribLrtae to a acbvity are 8lk>ca18d diredy to tw actwty. Shared costs are apportioned t)etween th8 activit'es they oJntriLwJla to a reasLe. justsfiabla and consislanl basis. T#nglblè ass8t5 Al fixed assets a Initislly rw)rd9d 81 lx Tanglbl& fixed assets otber than freeh(Ad land are 5131gd al rx)st or Wdlu8lM)n te58 depreckgtion. Freehold Property 2% on cost No depr8clation is prowded in resp8Ct of freed knd. No depreciation Is prov6ded on the fr86hold buildings as in tho opinK)n of the Executive Commiltee the reshlu81 value of the bulldlng wlll not be less than deerned c05t of the buikling as the bulldiTrJ maintained to such a high standard. Dèpreciation DeprecialK)n 15 cakxjlated so as to vthle off the cosl or vabjation of an ass8t. less its residual value. ovér the useful 8conornic life of that asset as fdh)ws.' Equipment 33% strawJht line

The Reading Hindu Centre Notss to the Flnanclal Slatements Yoar ended 31 December 2020 Accountlnq pollciets {¢onthJu•O IMpaInt oflx•d assèts A rewgw for indicators uf impalThenl Is carrfed out al 83th rèpor&ng date, with the recoveratA8 amount belng eslmated where such indicators $t Where carrying valu8 excèèds tha r8cov•rable amount, the assel ss imwred a(xthingly. Prfor Impalrments are alw ¥laW&d for posSie rev8rsal at e8th r8fKUThJ data. For th8 purpD89s Of ifflpaiirnent testing. when it is not rKJ8siblè to &stlmate the woverab amount of an indlvldual asset, an estimate ts made of the recoverable amount of the ca$generatIng unil to which the asset be. The casheneralng unlt Ls the smallest Identrfiable group of 8ssetS that Indudes the asset and gengratas eash inflows that largely ind8p8nd8nt of tha Cash In11 from other a5seis or groups of a5Set5. Flnanclal Instruments A flnancdal asset or a financial Iktbilty Is recognlwj only when the entity LEcDme5 a party to Ihg contractU81 prosKIn$ of the knsirumenL Basic financial instrutllents are inltially recognised at ths omount receivabk or payable includiro any related transactlon costs, unless thg arrgngement tItut&S a finanryro transaetK)n, 7thwe it is recogniB&J al the pre58nt valuè of th8 future paants di9¢nld at 8 markel rate of intemst lor a sirniLgr debt instrument. Cu8nt assets and cuThenl liabil8$ are 8ub¥wugnlfy measured at the c8sh or other c¥)nsideration exp8cbl to be paKI r1¥1 and not dk8LnI. Debt instruments arg $uts8qLwnty m&asuj at amortised cosL Financlal assats thBI are measured at cost or amorbsed cost ar8 reeWed for objectiv8 8vidèr ol impaimient at the end ol each rewrtiTrJ datg. tf Yjere is leCte evidence of impairynent, an impaimient loss is recx)gnised und8r th8 8PtKowlate headlng in the stalemont of financlal activit8 in th8 initial galn was ractnIsed. For 811 equty instruments regardless of sunfficanctr. and olher finandal assets that 8rè individually slgnificant. these are assessed indNidudly impairment. Other financial assètg are either a6sessed indNNJuaJly or group1 on the ba of sirnilar credit risk charact8ryStk5. Any reversals of impaimenl arg re(yyJnised irnrnedK4tely. io the extent that th8 r8v8rs81 (k)es not result in a Ixrryng amount of the flnandal asset that exc99d$ what the carrwng arnounl would hav8 baèn had thè impaim)ent Thjt PTewousty be8Th re¢ryJni5ed. Detlngd contrfbutlon plans Contrfbulions lo defined contributK)n plans are recognised as an eypen8e in the period in whith the r81818d i% provlded. Prepaid contributions are recGynised Bs an asset to the gxtent thatthe prepanent wll lead lo a reduction in hrture pawnents or a cash refund. When Contr1ton$ are Th)1 expected to b9 8ettbd whdty wlthln 12 monlhs of thè etml of the reporting dale in which the empk)yees rerNJer the related servi¢e, the liability is measured on dlscoun18d pre58nt valu8 basls. The unwinding of tne di8cwnl 15 recognised as an expen58 in the p8ri0d in which it artses.

The Reading Hlndu Centre Notos to tho Flnanclal Statements Year onded 31 December 2020 Donatlons and l•gacl•s Unmstrid8d Tolal FundJ Unrestricted Tot81 Funds Funds 2020 Funds 2019 Donatlon$ Donations Money box ¢(AWion8 Charity membership f sits Religiou8 actiwtie8 (Pujas) Hlre of centre resourc85 Gift Aid cL8im8d 30.1 $6 ¥J,875 30.156 23.875 49.223 29.447 25 30 8.147 11.781 7.226 49,223 29.447 25 30 8.147 11.781 7,226 2.922 3,663 8,748 3.663 8.746 Grants HMRC Covid 19 Job Retenti suwort 6,807 76,656 6W7 7Q656 105,879 105,879 Oth•r tradlng actlvltl•s UnrÈstriLtsY Total Funds Unrestric1 Total Funds FuThd$ Funds 2019 S818 ol chunni. etG Activlties for generating fur 214 214 9.437 4,889 14.326 4,889 14,326 214 214 Expendlturo on charltabl• actlvttl•s by fund ty Unrestrfct8d Total Funds Unrestricted Totsl Funds Funds 2020 Funds 2019 Promotlng the Hindu relvJK SupFth c¢>sts 49.521 2,731 52.252 49,521 2,731 52,252 68,387 4.219 72.606 68,387 4,219 72,606 Exp8ndlturn on charltabje actlvltles by aytytyp• uThJertaken direcuy Support sts Total funds 2020 Total fund 2019 Prowoting th8 Hindu religKJn Gov6mancé costs 49.521 49.521 2.731 68,387 4.219 2,731 49,521 2,731 52.252 72.806 10-

The Reading Hindu Centre Notes to the Flnancial Statements (¢onttnu8dJ Year ended 31 December 2020 Analysls of support costs 2020 2019 Govem8nce costs- Ac(x)untsncy ¢yJsts Govemance COS L31 and othèr prolessbnal f•8s Total 2.730 4.069 150 2,730 4,219 N•1 Éncom Nat inc4)m& is stated Afterchargi1ed1lIIJI. 2020 2019 DeprecSatlon of tanglble fixed assets 1,531 4,935 10. Ind•pondent oxamlnatlon f••s 2020 2019 Foas payablg to the lThJ8pondont oxamln8rfor. Indendent examination of th8 financi 8tatwnents 2,000 2,000 11. Staff costs Th& total staff )sts aThY empbyee benefts rep[tIng p8Thod are 8natys6d as folhM.' 2020 2019 WaJes and saLarfès Emphjyer contribubor6 to penB*)n plans 16,969 260 15.822 267 17?29 18,089 The average heal Cnt of empbyees dudng Ihe year was 212019.. 11. Tho avoragg numb8r of fvll-time equivalent employees during the year analysed as frAIr.. 2020 No. 2019 No. Number of siaff - Religious Number ofstaff - Maintenance Mo em 0Yee receiwj emF40sw ben&fits of rn0 than £60.0 during the year12019.. Nill. 12. Trustse r¢muneratl¢)n and #xpen$ No rgmuner8b.on or 0th8r benefits from emFAoyTn8nt with tha th8rity or a related enuty wera rB¢eived by the trustoes. 11

The Reading Hindu Centre Notes to the Flnanclal Statements fcLvJllnrMdJ Yaar ended 31 December 2020 13. Tangiblè tIx8d as88ts Freehokl Equipment Total Cost At 1 January 2020 and 31 D•c•mbv 2020 Depr&¢latlon At 1 January 2020 Charge f¢x the year At 31 December 2020 1.250,0(MI 26.143 1.276.143 23,081 1.531 23,081 1.531 24,612 24,612 can9 amount At 31 Doeombor 2020 1250.0 1250.O)0 1,531 1.251.531 1.253,062 At 31 Decernbw 2019 3,062 Thè freehc4d proty at 112 Whitley Str881, Reading included In the accounts was acqulred In 1997. The freeh(Ad property were revalued at open n7athet value by Fairwealhers Chartered Surveyors as al 31st December 2015. Ivlth assum vatrant P05S85sionl The charity h8s lak8n dvontsge of thg trarbsitional provBK)n8 availabb in thè FRS 1(Y2 to cary those assets at that alue less deP12tn in subsequent ye8rs. Subsgquent additions to freehold land and buildings are Included at cosL The ctmparable amounts freel pKyerty under hlstedcal cost conventicl) were.. 2020 Cost Surplus on revaluation 230.121 389,879 600,000 The title of the freehohj property & vasied in Ihè Offici81 tstodKqn of Charitw on b8haff of tho Readlng Hlndu Cèntrè. 1& DebtorB 2020 2019 Prepayments and acuued in¢rMne 7.664 13,346 12-

The Reading Hlndu Centre Not to the Flnanclal Staternents (¢th Year ended 31 December 2020 15. Cradltors: amounts falling due wllhln one year 21Y20 2019 Bank loan8 and overdrafts Trade cmdkors Accruals and delarrnd incom8 )cial security and other taxes 7.201 9,038 380 3,000 3.530 11.390 12.760 l& Crgdltor¥'. amounts falllng du• aft•r mor• than one year 2020 2019 Bank loans and ov8idrafts 78.234 97.366 17. P¢nslonB and other postrfetlrement bgnefft8 Definod contrfbutlon plans The amount r8nised in Inc or exprtUr8 sn oxpen89 in rel8tion to defin& ContribUon plans was £26012019: £267). 18. Anolys1$ of thaTltabl¢ funds Unrestrfctid funds 1 January 202 31 D•c•mber 2020 InCce Exp8ndMur8 General funds Revaluation r8S8rva 208.766 1,019.879 76,870 {52.2521 233,384 1,019,879 1.228.645 76,870 152,2521 1253,263 Al 31 Docomber 2019 1 January 201 Income Expendrture G&ner81 lunds Revaluation SerVe 161.167 1,019,879 120.205 172,6061 208,766 1,019.879 1.181.046 120,205 172,6061 1,228.645 13-

The Reading Hindu Centre Notes to the Flnanclal Statemonts Year endèd 31 Decèmbor 2020 19. Anal1• of net ¥8118ts bgtwgon lunds Unr95tricled Total Funds Funds 2020 Tangible flxed assets Currsnt ass8ts Creditors gater than 1 year Net assets 1,251,531 79,966 (78,2341 1.253,263 1251,531 79,966 178,2341 1253,263 Unrestdcted Toial Funds Funds 2019 Tanglble fixed assets Current asset8 Credit9 9reatgr than 1 yogr Ngt 1.253,062 72,949 197.3661 1,228,645 1.253,062 72,949 197,3661 1,228.645 20. R*lat•d patl•s Exocutlv• Commlrt•e None of the Exeath've Commitlee(or any persons o)nnected themlrecefved any rarnuntrr8tion during th¢ ye8r, but 2 of Ihe Executyve Committee re reimbursed a total of £282.45 fDr out of pocket expww inLvrr8d for the c8ntr8.12019.' 3 of the Execu@ Commrtte8 wom reimburs £1,354.43}. -14-

The Reading Hindu Centre Managoment Inforniallon Year ended 31 De¢embor 2020 The followlng pag•s do not ft>rm part ¢rf the flnan¢lal stat•mgnts. -15-

The Reading Hindu Centre Detalled Ststement of Flnanclal Actlvities Year ended 31 December 2020 2020 2019 Income and ¢ndowrnent5 Donatlons and legacles Donations Money box cleCtnS Charity m8rnb8rship fèès Visits RBIKJious actNitS (Pulasl Hire of wlre re80urces GTR cl8im8d HMRC Covld 19 Job Retentlon SUFWt 30.156 23.875 49.223 29,447 25 30 8,147 11,781 7,226 2,922 3,663 8,746 6N7 76,656 105.879 Oth•r tradlng actlvltles Sale of chunni, books etc Activities for gEner8ting tunds 214 9,437 4,889 14,326 214 Total Income 7&870 120.205 Expendlture ExndItUT& on charrtab advlll•s Wages and salaries Porrion Costs Rates and water LvJhl and heat Rèpalrs and malntanancs Insurance Other establishment L8gal and professlonal fees Tglephone other officè StS Depreoation Inter8St on b8r* k)8n5 and 0vgrdr8fts F8stIv éxpèns8S ConSuma&S Cultural ptherB panent 16.969 15,822 267 $9S 9,500 10,559 1,401 8.16e 4.219 617 671 4,935 3,827 1,600 5,762 4.665 741 13231 16,916 1,238 4.418 2.731 195 1.s31 2.765 3,333 830 52.252 72.606 Total •xp•ndltur• 51252 72.606 Net IoMe 24,618 47.599 16-

The Reading Hindu Centre Notès to the Detsllod Statement of Financial Actlvltlos Yoar ended 31 December 2020 2020 2019 Exppndlture on ¢harltablo aett¥6tl•s Promotlng the Hlndu rellgion ActitI&$ undwtèken dlrnctly Wages and sal8ries Ernployer Pension contribulv R8le5 & water ghl & hèat Repairs & makntanan( In3urance Cleaning and brd8te disposal Telephonè and t818wslon Other office costs D6pretration Dir6Ct charitable activity 1- Interest on bank k)ans and overdrafts Festival exp8nses consuMatO8 Cultural pe.rfom)ers paymènt 11969 260 741 (3231 16.916 1.238 4,418 648 195 1.531 2,765 15,822 287 595 9,500 10,559 1,401 8,166 671 4.935 3.827 1,600 5,762 4,665 3,333 830 49.521 68,387 Governance c05t5 Govemance costs- acixjuntsrwfees Govemanc& costs- legal and oth8r [feSsiOnal fees 2.731 4,070 149 2.731 4.219 Expendltur# on chorftablo actlvttl•s 51252 72.606 17-

The Reading Hindu Centre Managoment Inforniallon Year ended 31 De¢embor 2020 The followlng pag•s do not ft>rm part ¢rf the flnan¢lal stat•mgnts. -15-