Charlty number: 1118980 Company number: 06049370 Hindu Cultural Society of Bradford (A Company limited by guaranteel Tru5tees' report and finanual statements for the year ended 31 March 2023 4ACIXCH7M' 2211212023 COMPANIES HOUSE A37
Hindu Cultural S¢¢iety of Br IA company limited by guwanteel Cwtents Legal and admirristrative inliymation Tnstees. repwt Independent Examiner report tothetrustees Statement of financial artivities Bal?nce sheet Notes to the financial statements
14
Hindu Cultural Society of Bradf¢d {A company limlted by guarantee) Legal and adminlstrati¥e Inf0MtIOn Charity re8iStraliw number 1118980 Company reEislrion number 6049370 341 Leeds Road Bradfwd BD3 9LS Mukesh Kumar Chawla sam*ruaI Balakrishnan Santosh Gupta Baldev lshe Kumarvel Kurusamy Ashok Kurnai Nair Kamaljit 5harma Suresh Tallor Phoolan Balb Wi Ramesh Kumiar Batra Natvarlal Ranchhodji Taylor Ramesh Goyal Jyoti Thakur Puneet Kumar Tyaei Rajesh Bhanlwaj Deepak Kumar Sharn (Reslgned Z7.02.20231 IResigned 27.02.2023) P•8e I
Hindu Cultural Society of Bradfonl IA ci>mpany Ilrnited by gunntee) Legal and administrative Infamiation Independent Exami1. D&D Accountsrlcy & faxatlon Ltd Institute of Financial p*cnIants West44 Buslnes5 Centre 44-60 Ri¢hardshaw Lane Pudsey, leeds LS28 7VR Bankers Uoyds Bank Hulerg3te Tadford PO Box 1000 BXI ILT P4e2
Hindu Cultural Society of Bradford IA company Ilmlted by iuaramee) Report of the trustees{incorporating the dirertOTS' report) lot the year ended 31 March 2023 The trustees present their report and the financial statements tor the year ended 31 Marth 2023. The trustee5, who are also direclors of Hindu Cuhural Society of Bradford for the puFp05es of company law and wh'o ser¥ed during the year and up tothe date of this Teport are set on page l. structureO¥eraC¢ and m4nagement Dirertors The Direciors who served duri1¥ the year end up to the date of this rep¢wi are set ¢xit OTh page l. Members The members gurantee to ¢ontrilMrte an amount not exceedlnt £1 to the assets of the tharftsble or8anisation in the event of windin8 up.The total such guarantees at 31 March 2023 was 14. Management The 8oard consisiting ofthe commltted &thce bearers and 8 Dlrectors. totsl 14 mernebers. was responsible lor the overseeing of the policies, startegic development and gr(rth of the cornpany by drawing on their expertise. skmcnogement The difectors have assessed the major risks towhlth the charlty Is exposed and are satisifed that systems are in place to Mitigate exposure to the major risks. Objective5 and activities Mission ond Vision oAthe compony To promote the sodal. cultural. religious and ethctaional aspirations of hindus li¥ifi8 in Bradford. Wlth a clear ¥lsion to develop a nre cohesive and sustainable community by buiding partnership5 with the local •hOrity and people of different fallhs in Bradford and the region. The charity promotes lts¥isirm by managlngthe 5hm Lakshmi Narafv Hindu Temple, Bradlord and wnnini the Shree Krishna Elderly Day Care Centre. Anancial Review Fiftoncitslcommitments The extenslon work was completed without any external103n aml no major proiert Is experted in 2023, the Society will endeavour tt> run the temple and carry out other acli¥itie5 to near norniality under the curTent SItitIOn. e3
Hindu CultUTal Society of BTadfotd (A Company limited by 8uarnnteel C05t ol L•¥ing Due to the in¢rease inflation and cost of li¥in#. thefe has l)eeTr a mild Impact i.e the donations are almost similaw to 2022. as we have expected Donations to be increased after the Covi<k19 Pandemic. The devotees are orzanising sponsored programmed. The day ontre is open for one day a week and kitd is open to Prere meal. Bfexlt We don't thlnk Brexlt will have any impact on ow Ofganisation. as all our operations are with the U.K. Finttnclol Review- Reserves The surplus for the year ended 31 March 2023 was £7951512022: swplus of £83,95S?.Thls was represented by an.unrestricted surplus of £79515 (2022: SUTplus of£83355) and restricted surplus of £012022:surplus £01. The Reserve balance as at 31st March 2023 was £3J94,29512022: £3,814.7811 and this was represented bv an unrestricted fund of £3,894,295 {2022:£3.814,781) and restricted fund of £0 (2022:£0). Statement as to di5colsure ol in10rn7ation to Independent Examiner IIEI In $0 far the trustees are aware: - there is no relevant informat•on of whlch the tharitable c<4napThy IE are unaware and . the trustees have tkn all ep$ that they ought to ?e taken io make themkn aware of any relevant information and to establish that the IE a aware of that inform*M. Statements of trustees, responsibilities The trustees (who are also dlrertors of Hlndu Cultural Society of Bradfonl for the purpose of company lawl are fesponsible for preparing the Trustees. Annual Report and the fiMn¢ial statements in accordance wlth applicable law and United K•TrgdomGeneralty Accepted Accounting Practke. Company law requires the trustee5 to prepare financlal statemnts for each financial year which Eive true and fair view of the state ol affairs of the charitable company and of the inwrning resource5 and application of resources, induding the Income and expenditure. of the charitable cornpany for that peri¢xl.In preparing these finandal statements. the trustees are required to: - selert suitsble accounting policies and then aply them Consistenlty: - observe the methods and principles in the Charitie5 SORP, - make judgements and estimates that are reasonable and prudent: Page 4
Hlndu lIra1 5oclety of Bradford IA company limited by 8uaraTrtee) Report of the trustees{Incorporaling the dlrertors. reportl for the year ended 31 March 2023 - thte whether applicable UK Attountir¥ stsndafds have been followed. subjert to any maierial departures disdosed and exptsined in the finan¢ialststementsond - prepare the financial ststements on the on8oin&conwn basis unless it is inappropriate to presume that the ch¥itable company will contlnue in operntioTr. The trustees are responsible for keepint proper actounting records whith didose with reasonableaccuracy at anytlme the finantial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Art 21K)6. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and deteclion of fvaud and other irregularlties. Independent Examiner D&D Accountancy & Taxation Ltd We appoiftted as Independent Examiner to the charitable company and are deemed to be re appointed in accordance whh Se¢lioD 48712) of the CompaTries Art 2006. Small company provisions This report has been prepared in acCon1aft with the Special wo¥lsi¢)ns lor small companies undw part 15 of the Companies Art 2006. On the behalf ol the board tro fkl S Tailor Chair AKNalr Treasurer Date: 21 '249Z Page 5
Hindu Cultural Souety of Bradford IA cOmn¥ limited by zuaranteel Independent Examiner's Report to the Trustees of Hindu Cultural Sodety of Bradford I repart to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023 Resp51b111tye5 and basis of report As the charitrfs trustees of the Company {and alw its directors for the purposes of company lawl vou are responsible for the preparation of the accAJunts in accordance withthe iequirements of the Companie5 Art 20061.the 2LN)6 A¢V). Havlng satisfied myself that the accounts of the Company are not required to be audited under Part 16 ofthe Z006 Act and are eligible for independent examination. I report in respeLt ol my examination of your ¢harit$ accounts as Carried under sertion 145 of the Charities Art 2011 (the Zoii ACVI. In arrying out my exafflination I have fol1¢Y the DiTertions 8iven by the Charity Commi5slon under 5ectl¢)n 145(5) {bl otthe 2011 ACL Independent examinerfs statement I have completed my examination. I c¢rtfirnithat no matters have come to rny attention ITr connertion wilh the examinati¢)n gi¥lng me cause to believe: l. accountin8 records were not kept in respert of the Company as required by 5erti¢n 386 of the 2006 Act; or 2. the accounts do not accord with those recwds; or 3. the accounts do not t¢Jmply with the accounting requirements ol sertion 396 of the 2006 Att other than any requirement that the ac¢ounts give a *rue and faiw view whith is not a rnatter considered as part of an independent exarnination: 4. the accounts have not been prepared in accordance whh the methods and prlnciples of the Statement ol Recommended Prartice for ac¢ounting and reporting by charit•es lapplicable to chawitie5 preparing their accounts in accordan¢e wbth the financial Ileporting Standard applic?ble in the UK and.RepublK ol Ireland {FRS 102)1. I have no concerns and have come auoss no other matters in coftnerf•on with the examination to which attention should be drawn in this report in order to enable a woper underslandlng of the accounts to be reached. Signed: Name: Mr Venukrishna Dontula (AFA. AT& MIPAI For and on behall of D&D Accouniany & Taxation Itd tla D&D Accountancy Institute of Financlal Accountsnts Address". We5t44 Bu5ine$5 Centre, 44-60 Richardshaw lane. Pudsey. is28 711R l)ate:
Hindu cultur Society ol Bfadlo IA tompany l•mited by guarantee) Statement ol finandal activltles lincorporating the Income and ewpenditure atcwntl For the year ended 31 March 2023 Unrestrirted frj Restrirted fvnds 2023 Total 2022 Total Notes Incomlng resources Incoming resources from generating funds: Voluntary income Investment income 188.320 188.320 187.263 li Total Incoming resources 188.320 188.320 187.274 Resources expended Charitable activities Goverance costs 102583 6223 102J83 6.223 94,731 8.588 Total resources expended 108,806 108A06 103,319 Net incomelexpenditurel for the year 7914 79514 83.955 Total funds brought for4vard 3,814.781 3.814.781 3.730,826 Total funds carried foThvard 3,894.295 3.894.295 3,814,781 The ststement of finan¢ial actiinlles indudes all gains and losses in the year and therefore a separte statement of total recoenised ealn and losses has not been piepared. Abl of the above relate to contirbuing artivllie& The notes on pa8e$ 9 to 14 forn) an integral part of these financial staiements Page 7
Hindu Cuhural S¢xiety of BradloTd IA company limited by guarantee) Balance Sheet as at 31 March 2023 2023 2022 Fixed a55ets Tangible assest io 3.631.285 3,635,909 Current assests Debtors Investments Cash at bank and in hand li Ila 47,857 39A125 134.258 282.115 159.540 198,565 Crediotrs".amounts lalllng due within one year -19.105 -19.693 Net current assests 263 010 178 Total assets le55 current liabillties 34295 3A14,781 Net assets 3.894.295 3.814.781 Fund5 Restricted income lunds Unrestrirted income funds 13 394295 3,814,781 Total funds 3,894,295 3.814.781 "For the financial year In questlon the crnipY was eilled to exemption under section 477 of the Companles Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts forthe yr in.questioTrin.accordance with section 476 of the Cornpanies Act 2006. The dirertors acknowledge their responsibility for complying with the requirements of the Art with respect to accounting records and for the preparatit)n of accoun These acwnts have been prepared in acconlance with the provisons applicable to mrnpanies subject tothe small companles. regirne." The fin•n¢ial statemerts were approved by the boord on 21 2•z3and $Ied on its behalf by STallor Chair A K P•aFr Treasuier The notes on pages 9 to 14 fofm an bntegral part of these financial atements Page
Hindu Cultural Souety of Bradlord
IA Company limited by BuaraTrlee)
Notes to financial statements
for year ended 31 March 2023
Accounting pollcies
The prlncipal act¢)untin8 policies are surnmèri5ed
The accounting poli¢ies have been applied consistenily throughout the year
and the proceedin8 year.
Basls of Kcountlng
The accounts have been prepared under the histori& cost conventson, as modified
by the revaluation of certain fixed assets and investments measured at market value.
The accounts have been prepared In acwrdance with FRS102lefferti¥e J•Truary 2015), and
the requirements of Accounting and Reporting by Charities:Statement of Recornmended
Pfa¢tice applicable t¢ charities preparingthier accounts in accordance with SORP 2015
leffertive January 20151.
Transaction to FRS 102
The tharity transitioned from previou5 UK GAAP to FRS 102 as at l April 2015.
Oetall of how FRS 102 has affertedthe reported financial w•tion and ffinancial perforniance
is given In note 20.
Cashflow
The charlty has taken ad¥antsge of the exemption in FRSI from the requirements to
produce a cashll¢M statement because it is a small CrIty.
Incominz resources
All incomln8 resources are induded in the staternent of fiancial a¢li¥ltles when the dwr5ty1s
entltled to the income and the accwacy reas¢Jnable.The following specific policies are applled
to particular calegorles of income.
VoluThtary in¢orne 15 recieved by way of ennts0at•1)Trs and ilfts and is induded in lul
in the statement offinal¥l ortivitses when receievable.Grants where entitlement is not
Condltional on the delivery ol a specific performance by the tharity. are recogntsed when the
charity bec
Hindu Cultural Society of Bradford IA Company lirnited by 8uanteel Notes to financlal statements for the year ended 31 March 2023 2.4 Resource Expended Expenditure is reco11 on an accuTal basi5 as a liability is iftcyrred. Expenditure includes any VAT whith cannot be fully recovered, and is reported as part of the expendlture to whichit relatss. Costs olgenerating funds cornprfse the ¢¢)sts assoclated wlth attrarting voluntsry income and the costs ol trading for fvndraising purposes induding the chairty's shop. Charitable expenlfiture tomrpise5 those costs incurred by the charity in the delivery of Its artl¥itie5 and services for its beneficiaries.11 indudes both costs that can to suth arti¥ities and thiw costs of an indirert Thature necessary to support them. 2.5 Tanglble fixed assets and deprectiation Tan8•ble fixed assets are stated at cost kss accumulated depreciation.Depreciation Is provided at rates calculated to write off the cost kss resldual valw of exh assest over its expecteduseful lile, as follows. Flxture5.fittin8s and equipment- 25% reduclng balance DeprectatFon ol Ireehold buildin85 has not been provlded for as they are consistently kept at ahigh standaid of repair. their economic life is sufficently long so that accumulated depre¢11 is not material to these financial statements. 3 Voluntary Inc¢xne 2023 2022 fvnds fvNI Total Total l)onatlons Gift aid tax refund Grants rttel¥able Mmebership Other Income 140J)02 34.471 13.243 140,002 34,471 13.243 129,943 31,600 10,555 1.740 13.425 187263 188,320 188320 4 Inveslment Income Unrestrirted funds 2023 2022 Total Bank interest recel¥able li li Pagè 10
Hlndu Cuftural sety of Bradford IA company limited by guarantee) Notes to financial statements for year ended 31 March 2023 C051s of charitable artivitits*y fund type Unrestricted Rertrirted fvnds 2023 2022 Total HCS Charitable arti¥ities 102,583 102583 0 102,583 94,731 0 102.583 94.731 Goverance costs Vnrestricted fvnds 2023 Totsl 2022 Total Awountancy Fees Bank cahrge Depreciation & impalmieftt 1,440 1,440 159 159 4.624 4.624 6.223 6.223 2.422 6.166 8.588 Net Incomlnglout8oinz resources for the ye¥ 2023 Totsl 2022 Total Net Incomln81oirtgoing rOurCeS is stated after chargin8: Depreciation and other amounts written off in tafigible fixed assest 4,624 6,166 4.624 6,166 Page 11
Hindu Cultural Soriety of Bradlord IA company limited by EuaraTrtee) Notes tt> financial statements for year ended 31 March 2023 Employees Employment costs 2023 Total 2022 Total W4es and salaries 33,685 33.685 36,529 36.529 No employee recel¥ed enwloywt of more than £60JIOO12022:nonel Number of employees The arage monthly nyrnbers of employees during the year. lCUlated on the basls of fvll tiffle equivalerts,was as foll¢)ws". 2023 Number 2022 Numbei Management and athlnistfalityb ofthe thar6ty Community ¢entre T•xatioTr The charity's acti¥•ties fall within the ejtemptions affowded by the provisions of the Income and Corporation Taxes Act 1988.Acc¢nlin8ty. there is no taxation charges In these accounts. io Tanglble fixed assets Lahd and Flxtures Silver bulldin85 Fyeehold fftiines * equipments and gold total Co As at l April 2022 Addittlon At 31 March 2023 3.606.413 158.723 11.000 3.776.136 3.606,413 158.723 11.000 3,776,136 Oepreclati< At l April 2022 Change for the year At 31 March 2023 140.227 4.624 I441 140.227 4.624 144.851 Net book values At 31 March 2023 3.606.413 I372 11,000 3.631.285 At 31 Maich 2022 3.606N13 Page 12 IU96 11,1)00 3,635,909
Hindu Cultural Society of Bradford IA company limited by KuaThnteel Notes to financial statements for year ended 31 March 2023 2023 Total 2022 Total li Debtors Trade debtors Prepayments and accured income 45.025 232 47,857 36.193 2,832 39.025 Ila Investments 2023 Totsl 2022 Total Investment loo.000 100.000 12 Credltors: Amount falling due withln one year 2023 Total 2022 Total Trade tredltors other creditors Accurals and deferred Income 597 18.596 500 19,693 18,596 500 19,105 13 Aftalysi5 of net assets between fvnds Unrestricted Restrirted Total fvnds fvnds fvnds Fund balances at 31 March 2023 represented bv: Tangible fixed asstes Current asset5 Current liabilitie5 3,631.285 282.115 -19.105 394.295 3,631,285 282.115 -19,105 3.894.295 14 UnrestTirted funds At l Aprll 2022 outgoln8 transfer 31March 2022 resr(e5 Unrestrlcted funds 3014.781 188.320 -108.806 3,894.295 15 Restricled funds At I Apfil Incorning Owtyoing resources At 31 March 2023 Transfers Restricied funds Page 13
Hlndu Cultural Society of Bradlwd IA company limited by euarantee) Notes to financial statements for year ended 31 March 2023 16 Flnanclal commitment The extenslon work was completed withrt any external loan and no major project 15 expected in 2023. the society will endea¥our to run the temple and Ca our other activities to near n<wmality under the current situation. 17 Company Ilmited by Guarantee Hindu Cultural Society of Bradford limited by guarantee and accordlngly does not hwe share capitsl.The Ilability of each member Is the event of windine up ts limited to £l.There were 14 Members at 31 March 2023. Page 14
Hlndu Cullural Society of Bradford IA company lirnited by guarantee} The followlng pages do not f(xm part of the statutory aoun PaKe 15
Hindu Cultural Society of Br IA company limited by guarantee) Incoming TesouTce5 Incoming resouries from 8ener*ing funds: Voluntory income Donations Gifts aid tax refund Gnnt receivable Membership Other Income 2023 2022 140.002 34.471 13,243 129,943 31,600 10,555 1,7410 13,425 187,263 188.320 Investment inc¢me Bank interest re1Vable li li Tal income resource5 Resources expended HCS Charftable actbvilies Wages& salaries Rates & water Li8ht & heat Repalys & maintenance Insurance Printin&postage&stationery Pfateslspoons& groceries Travel Telephone & Internet Professional fees Subscriptions Cleanin8& Waste disposal Other expenses l)onations 188320 187,274 33,685 36.529 971 10,987 4,199 3.62S 695 16.171 12248 4.129 2.061 10.566 5.592 935 2.475 51 2.671 6,037 2,123 310 9,394 102.582 27.010 94,731 Governance costs Accountaftcy fee Bank charge Deprectation 2822 159 4,624 6,223 6,166 8.588 Totsl resources expended Net incomlngloutgo•ng resources 108.805 79,515 103,319 83,955 Pa8e 16