NEPAU TEMPLE CUM-COMMUNITY CENTRE LONDON UK Charlty No. 1119517 Trustees, Report and Unaudlted Attounts 01 January 2025
NEPALI TEMPLE CUM-COMMUNITY CENTrE LONDON UK Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Flnanclal Activitles 2to3 Balance Sheet Statement of Cash flows 7t012 Notes to the Accounts 13 Detalled Statement of Flnanclal Artivitles 14tolS Page I
NEPAU TEMPiECUM<OMMUNITY CENTRE LONDON UK Trustees Annual Report The trustees present thelr report with the unaudited financial statements of the charlty for thè year ended I January 2025. REFERENCE AND ADMINISTRATIVE DEfAIL5 tharlty No. 1119517 Prlnclpal Offlce Head Keepers Lodge Swlngate Lane London SE18 2DA Trustees The followin8 trustees served durin8 the year: A. Acharya B. Aryal G. Aryal P. Bhandarl Y. 8handari T. Bhattaral A. Dhital A. Gautam S. Girl A.8. Gurung M.R. Kandel N. Kandel R. Kandel A.C, Nyaupane D. Pandey S. Paudel K. Shahi H. 5harma F. Thapa Accountants Asmita & Associates Ltd 114-116 Plumstead Hlgh St Plumstead London SE18 ISJ Page 2
NEPALI TEMPLE CUM4OMMUNITY CENTRE LONDON UK Trustees Annual Report OBJEcfivES AND AcfiviTIES The Nepall Temple Cum-community Centre London UK was established on 06 Jun 2007 with following objectives: To advance the Hindu and Buddhlst reli8lon by conductlng rellglous dlscourse, cultural classes, facllltatlng medlatlon, celebratlng Hlndu and Buddhlst religious festivals and providln8 rell8lous classes and facilitie5 for marriage and other religious rituals and ceremonies To establlsh and run a temple cum-communlty centre In furtherance of the above object. Charity provided facilities to worshlp Hlndu and Buddhlst god on Its own premises throu8hout the year. It helps to provlde facillties for marriage and other religious rltua15 and ceremonies to Hlndu and Buddhlst communlty vla It5 own premises. Statement of trustees, responslbllltle$ In relatlon to the flnanclal statements The charity trustee5 are responsible for preparing a trustees, annual report and flnanclal ststements In accordance wlth appllcable law and Unlted Kingdom Accountin8 Standards (United Kingdom Generally Attepted Accountin8 Practice). The trustees are responslble for keeplng proper accountlng records that dlsclose wlth reasonable accuracy at any time the financlal posltlon of the charlty and to enable them to ensure that the financlal statements comply with the Charltles Act 2011, the applicable Charities (Accounts and Reports) Regulatlons, and the provi5ion5 of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charlty and hence taking reasonable steps for the prevention and detection of fraud and other Irre8ularlties. Signed on behalf of the charlty's trustees G. Aryal Trustee 20 October 2025 Page 3
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK Independent Eximlners Report Independent Exam5ner's Report to the trustees of NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK I report to the trustees on my examinatlon of the flnancial statements of NEPAU TEMPLE CUM-COMMUNITY CENTRE LONDON UK for the year ended l January 2025. Responslbllltle5 and basls of report As the charity's trustees you are responsible for the preparation of the financlal statements In accordance with the requirements of the Charitie5 Act 2011 {'the Act,). I report In respect of my examlnation of the ¢harity'S financial statements carrled out under sectlon 145 of the 2011 Art and in carrying out my examlnation I have followed all the applicable Directions given by the Charlty Commlsslon under sectlon 145{5)(b) of the Act. Independent examlner's statement I have completed my examlnatlon. I can confirm that no material matters have come to my attentlon In connection with the examination giving me cause to belleve that In any material respect: the accountlng records were not kept In respect of the charity as requlred by sectlon 130 of the Act. or the financial statements do not accord wlth those records,. or the flnanclal statements do not comply with the applicable requirements concernlng the form and ontent of financial 5tatementS Set out in the CharStles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the flnanclal statements give a'true and falr. vlew whlch Is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come acr055 no other matters In connectlon wlth the examlnatlon to whlch attention should be drawn In thls report In order to enable a proper understandlng of the flnancSal statements to be reached. LN Pandey FCA, M.Sc. Asmita & Assoclate5 Ltd 114-116 Plumstead High St Plumstead London SE18 ISJ 20 Ortober 2025 Page 4
NEPALI TEMPLE CUM<OMMUNITY CENTRE LONOON UK Statement of Financial Activities for the year ended l January 2025 Unrestrlcted funds Total fvnds Total funds 2025 2025 2024 Notes Income and endowments from: Donation5 and legacie5 Other 80,255 27,200 80,255 27,200 101,708 19,700 Total 107,455 107,455 121.408 Expendlture on: Charltable actlvltles Other 10,918 74,021 10,918 74,021 21,977 75,018 Total 84,939 84,939 96,995 Net gains on investments Net Incom• 22,516 22,516 24,413 Transfers between funds Net Income before other 8aln51{1055es) 22,516 22,516 24,413 Othergaln5 and1055e5 Net movement In lunds 22,516 22,516 24,413 Reconclllatlon of funds: Total funds brought forward 480.788 480,788 456,375 Total funds ¢arrl¢d forward 503,304 503,304 480,788 Page 5
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK Balance Sheet at l January 2025 Charlty No. 1119517 2025 2024 Flxed assets Tanglble assets 763,913 763,913 763.913 763,913 Current assets Debtors Cash at bank and in hand li 22,505 30,118 52,623 (1,500> 51,123 815,036 56.499 56,499 Credltors: Amount falllng due wlthln one year Net current assets 12 56,499 Total assets less current Ilabllltles 820,412 (317,108) 503,304 Credltors: Amounts fallin8 due after more than one year Net assets excludlng penslon a>set or Ilablllty 1334.248) 480,788 Total net issets 503,304 480,788 The funds of the charlty Restrlcted funds Unr•strlrted fund$ General funds 14 14 503,304 480,788 503,304 480.788 Reserves 14 Total fund$ 503,304 480,788 Approved by the trustees on 20 October 2025 And slgned on thelr behalf bv: G. Aryal Trustee 20 October 2025 Page 6
NEPALI TEMPLE CUM<OMMUNITY CENTRE LONDON UK Notes to the Accounts forthe year ended l January 2025 l Accountlng pollcles Basls of preparatlon The financial Statements have been prepared In accordance with Statement of Recommended Practice: Accountln8 and Reportlng by Charities preparing their accounts In accordance with the Financlal Reporting Standard applicable in the UK and Republlc If Ireland (FRS 1021 issued on 16July 2014 and the Financial Reportlng Standard appllcable in the Unlted Klngdom and Republlc of Ireland {FRS 102) and the Charities Act 2011. Change In basls of accountlng or to prevlous a¢¢ounts There has been no change to the accounting policles (valuation rules and method of accountln8) slnce last year and no chan8e5 have been made to accounts for previous years. Fund accountln8 Unrestricted funds These are available for use at the discretion of the trustees In furtherance of the general objects of the charlty. These are unrestrlcted funds earmarked by the trustees for partlcular purposes. These are unrestricted funds whSch Include a revaluatlon reserve representlng the restatement of investment assets at their market values. These are available for use subject to restrlctlons imposed by the donor or through terms of an appeal. Desi8nated fvnds Revaluatlon funds Restrlcted funds Income Recognltion of income Income is Included In the Statement of Financial Actlvltles (SOFA) when the charity becomes entltled to, and virtually certaln to recelve, the Income and the amount of the income can be measured with sufficient reliabllity. Income wlth related Where Income has related expenditure the Income and related expenditure Is expendlture reported 8ross In the SOFA. Donatlons and legacies Voluntary Income recelved by way of grants, donatlons and glfts Is Included In the the SOFA when receivable and only when the Charlty has unconditional entltlement to the income. Tax reclalms on Income from tax reclaims is included In the SOFA at the same time as the donatlons and glfts gift/donation to which It relates. Donated senilces These are only Included in income (wlth an equlvalent amount in expenditure) and facllltles where the beneflt to the Charlty Is reasonably quantlflable, measurable and materlal. Volunteer help The value of any volunteer help received is not Included In the accounts. Inve5trnent income This is included in the accounts when receSvable. Galns/{losses) on Thls Includes any galn or loss resulting from revaluing Investments to market value revaluation of fixed at the end of the year. assets Gains/{losses) on investment assets Thls Includes any gain or10s5 on the sale of Investments. Page 7
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONOON UK Nots5 to the A¢¢ounts Expendlture Recognition of expendlture Expenditure is recognised on an accruals basls. Expendlture Includes any VAT whlch cannot be fully recovered. and Is reported as part of the expendbture to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising ralsing funds tradin8 COSt5 and Investment mana8ement costs. expendlture on These comprlse the costs Incurred by the Charity in the delivery of its activitie5 and charitable activitles services in the furtherance of its objects, Includlng the maklng of grants and governance costs. All grant expenditure is accounted for on an actual pald basls plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those ¢o5t5 a550ciated with meeting the con5titutlonal and statutory requlrements of the Charlty. Includlng any audlt/lndependent examination fees, costs linked to the strategic management of the Charity, together wlth a share of other admlnlstratlon costs. other expendlture These are support costs not allocated to a partlcular actlvlty. Grants payable Governance cost5 Taxatlon The charlty Is exempt from tax on Its charltable actlvltles. Freehold Investment property Investment propertie5 are measured Inltlally at C05t and subsequently at falr value at each balance sheet date and are not depreclated. All galns or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock Is Included at the lower of cost or net realisable value, Donated items of stock are recognlsed at falr value whlch Is the amount the charlty would have been willing to pay for the items on the open market, Trade and other debtors Trade and other debtors are recognlsed at the Settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Cash and cash equlvalents Cash and cash equlvalents comprlse cash at bank and on hand, demand deposits with banks and other short-term highty liquid investments wlth orlglnal maturftles of three month5 or le55 and bank overdraft5. In the statement of financial position, bank overdraft5 are shown wlthin borrowings or current Ilabllitles. In the Statement of Cash Flows, cash and cash equivalents are sh¢wn net of bank overdrafts that are repayable on demand and form an integral part of the company'5 cash management. Trade and other credltors Short term creditors are measured at the transactlon prlce. Other creditors and provisions are recogni5ed where the charlty has a present obligation re5ultinB from a past event that will probably result In the transfer of fund5 to a third party and the amount due to settle the obllgation can be measured or estimated reliably. Creditors and provisions are normally reco8nised at their settlement amount after allowing for any trade discounts due. Page 8
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK Notes t¢ the Accounts Research and development Expenditure on research and development Is wrltten off in the year in which it is incurred. Forelgn currencies Monetary assets and liabilities denomlnated In currencles other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting perlod. Transactions in currencies Other than the functional currency of the charity are recorded at the rate of exchange on the date that the transactlon occurred. All exchange differences are are taken into account In arrlvlng at net Incomelexpenditure. Leased assets Where the charlty enters Into a lease which entails tsking substantially all the rlsks and rewards of ownershlp of an asset, the lease Is treated as a finarbce lease. Leases which do not transfer substantially all the risks and rewards of ownershlp to charity are classified as operatin8 leases. Assets held under finance leases are Inltially recognlsed as assets of the charlty at thelr falrvalue at the Inception of the lease or. If lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is Included in the balance sheet date as a finance lease obligation. Lease payments are apportloned between flnance expense5 and reduction of the lease obllgatlon so as tc achieve a constant rate of interest on the remainlng balance of the Ilablllty. Finance expenses are reco8nlsed Immedlately, unless they are directly attrlbutable to qualifying assets, In whlch case they are capitali5ed in accordance wlth the charlty's pollcy on borrowlng costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognlsed as an expense on a straight-line basis over the lease term. In the event that lease Incentives are received to enter into operatln8 leases, such incentives are recognised a5 a liability. The a8gregate beneflt of Incentlves Is recognlsed as a reductlon of rental expense on a straight-line basis. P•n$l¢n costs The charlty operates a deflned contribution plan for it5 employees. A deflned contrlbutlon plan Is penslon plan under whlch the charlty pays flxed contrlbutlons into a separate entity. Once the contrlbutlons have been paid the charity has no further payments obligatlons. The contribution5 are recognised as expense5 when they fall due. Amounts not paid are shown in accrua15 in the balance sheet. The assets of the plan are held separately from the charlty In Independently admlnlstered funds. Recelpt of donated goods. facllltles and ser¥lces All donated goods. facllltles and servSces received are recogni5ed withln Incomlng resources and expenditure at an estimate of the value to the charlty. Page 9
NEPALI TEMPLE CUM.COMMUNITY CENTRE LONDON UK Notes to the Accounts 2 Statement ¢f Flnanclal Attlvltles - prlor year Unrestrlrted funds Total funds 2024 2024 Income and endowments from: Donatlons and legacies Other 101,708 19,700 101,708 19,700 Total 121,408 121,408 Expendlture on: Charltable actlvlties 21,977 75,018 21,977 75,018 Other Total 96,995 96,995 Net Income 24,413 24,413 Net Income before other 8alnsl(losses) Other 8alns and losses: Net movement In fund$ 24.413 24,413 24,413 24,413 Recondllatlon of funds: Total funds brought forward Total fund$ arrled forward 456,375 456,375 480,788 480,788 3 Income from donatlons and lepcles Unrestrlcted Total 202S Total 2014 Donations 80.2SS 80,255 80,255 80.255 101,708 101,708 4 Other Income Unrestrlcted Total Total 2024 2025 Rental income 27,200 27,200 27,200 27,200 19,700 19,700 5 Expendlture on charltsble actlvltle$ Unrestrlrted Total Total 2025 2024 Charitable event expenses 10,918 10,918 21,977 10,918 10,918 21,977 Page 10
NEPAU TEMPLE CUM.COMMUNITY CENTRE LONDON UK Notes to the Accounts 6 Other expendlture Unrestrirted Total Total 2025 2024 Other Interest payable Employee costs Premlses costs 35,436 35,436 18,143 1,000 34,603 4,022 17,250 75,018 19,177 6,142 13,266 74,021 19,177 6,142 13,266 74,021 General adminlstratlve costs Legal and professlonal costs 7 Staff costs 2025 2024 1,000 1,000 Salaries and wages No employee received emoluments in exce55 of £60,000. 8 Tanglble flxed a55etS Cost or revaluatlgn At 2 January 2024 At l January 2025 Net book values 763,913 763,913 763,913 763,913 At l January 2025 At l January 2024 9 Trustee remuneratlon and expen5e5 No trustee recelved any remuneratlon or expenses durlng the year. 763,913 763,913 763,913 763,913 10 Related party dlsclosure5 There were no related party transactlons durlng the year. 2024. 11 Debtors 1025 2024 Other debtors 22,505 22,505 12 Credltors: amounts falllng due wlthln one year 2025 2024 Other creditors Accruals 1.000 500 1.500 Page 11
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK Notes to the Accounts 13 Creditors: amounts falling due after rnore than one year 20Z5 2024 Bank loan5 and overdrafts 317,108 317,108 334,248 334,248 14 Movement In funds Incomlng resources (Includln8 other At 2 January galns11055es 2024 Atl January 2025 Resources expended Restrfcted funds: Unrestrlcted funds: General funds 480,788 107.455 184.9391 503,304 Total fund5 IS Analysls of net assets between fvnds 480,788 107,455 184,9391 503,304 Unrestrlcted funds Totsl Fixed a55ets Net current assets Creditors due In more than one year and provlslons 763,913 56,499 763,913 56,499 (317,108) (317,1081 503,304 503,304 16 Reconclllation of net debt Atl January 2025 At 2 January 2024 Cash Ilows Cash and cash equlvalents 30,118 30,118 26,381 26,381 56.499 56,499 Bank loans (334,2481 {334,248} 17.140 17,140 {317.1081 {317,1081 Net debt (304,1301 43,521 260,609 Page 12
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK statement ol Cash flows for the year ended l January 2025 2025 2024 Cash flows from operatlng actlvltles Net Incom¢ per Statement of Flnanclal Actlvltles 22,516 24,413 Adjustments for: Divldends. Interest and rents from investments Decrease in trade and other receivables IDecreasel/lncrease In trade and other payables (27,200) 22.505 (I,soo) 119,700) 1,500 Net cash provlded by operatlnz actlvltle5 16,321 6,213 Cash flows from Investlni actlvltles Dividends, interest and rents from investments 27,200 19,700 Net cash from Investln8 8Ctlvltles 27,200 19,700 Cash flows from flnanclns actmtles Repayment of borrowln85 (17,1401 (21,292} et cash used In flnan¢lng artlvltle5 (17,140) (21,2921 Net Incr•ase In ush and cash equlvalent$ 26,381 4,621 Cash and cash equlvalents at the beilnnlng of the year 30,118 25,497 Cash and ¢a5h equlvalents at the end of the year 56,499 30,118 Components of cash and cash equlvalents Cash and bank balances 56,499 30,118 56.499 30,118 Page 13
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK Detalled Statement of Flnanclal Art5vltles for the year ended l January 2025 Unrertrlcted funds Total funds Total lunds 2025 2025 2024 Income and endowment$ from: Donations 80,255 80.255 80,255 80,255 101.708 101.708 Rental income 27,200 27,200 27,200 27,200 19,700 19,700 Total Income and endowments 107.455 107,455 121.408 Expendlture on: Charltable actlvities Charitable event expenses 10,918 10,918 10,918 10,918 21,977 21,977 Total of expendltur• on charltabl• actlvltles 10,918 10,918 21,977 Other expenditure Other Interest payable 35,436 35.436 35,436 35,436 18,143 18,143 1,000 1,000 Salarieslwages Premlses costs Rates Light, heat and power Premlses repairs and maintenance 2,973 1,901 2,973 1,901 2,984 1,724 14,303 14,303 29,895 19,177 19,177 34,603 General admlnistratlve costs, Includlng depreclatlon and amortisation Bank charge5 General insurances Statlonery and prlntSng Telephone. fax and broadband 1,798 1,176 1,829 1,339 6,142 1,798 1,176 1,829 1,339 6,142 121 670 2,566 665 4,022 Legal and professional costs Accountancy and bookkeeping Other legal and PTofessional costs 13.266 13,266 12,2(MJ 5,050 13,266 13,266 17,250 Total of expendlture of other costs Total expenditure Net galns on investments 74,021 74,021 75,018 84.939 84,939 96,995 Pa8e 14
NEPALI TEMPLE CUM-COMMUNITY CENTRE LONDON UK Detalled Statement of Flnanclal Actlvltles Net Income 22,516 22,516 24,413 Net Income b•fore other 8aln$/llos$es) Other Gains 22,516 22,516 24,413 Net movement In funds 22,516 22,516 24,413 Re¢on¢lllatlon of funds: Total funds brought forward 480,788 480,788 456,375 Total funds carrled forward 503,304 503,304 480,788 Page 15