**REGISTERED CHARITY NUMBER: 1122581 (England and Wales)**
**Report of the Trustees and Financial Statements for the Year Ended 31 March 2023 for Shree Gujrati Hindu Centre Shree Krishna Temple**
Sharman Fielding Chartered Accountants The Oval 57 New Walk Leicester Leicestershire LE1 7EA
**Shree Gujrati Hindu Centre Shree Krishna Temple**
**Contents of the Financial Statements for the Year Ended 31 March 2023**
||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 8|
|Detailed Statement of Financial Activities|9 to 10|
**Shree Gujrati Hindu Centre Shree Krishna Temple**
## **Report of the Trustees for the Year Ended 31 March 2023**
The trustees hereby present their report with the financial statements of the charity for the year ended 31 March 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1122581
## **Registered office**
Hope Street Off Churchfield Street Dudley West Midlands DY2 8RS
The Charity is bound by the following governing documents:
1. The Charity’s Constitution (as an unincorporated association) adopted on 28 August 2005 and further amended on 22 May 2011.
2. Charity law and relevant legislation
## **Trustees**
Amrat H Patel Geeta K Patel Jayantilal G Patel Balwantbhai H Patel Hasmukhbhai S Patel Kantilal C Patel Bharti Griffiths Ila J Patel Kantilal T Patel
Minaben K Patel Rakesh H Patel Vijay J Patel
## **PRINCIPAL ACTIVITY**
The objectives and main activities of the charity continue to be:
- 1) To advance Hindu religion, culture and education 2) To promote charitable purpose and raise funds
## **Independent Examiner**
Ashok R Patel BSc. ACA CTA Sharman Fielding Chartered Accountants The Oval, 57 New Walk Leicester Leicestershire LE1 7EA
**Charity Bankers** Lloyds Band 63 High Street Dudley West Midlands DY1 1PY
Page 1
**Shree Gujrati Hindu Centre Shree Krishna Temple**
**Report of the Trustees for the Year Ended 31 March 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity became a registered charity on 4 February 2008. The organisation is governed by the members of the council who are appointed as prescribed by the bye-laws. Trustees are elected in accordance with the constitution.
Trustees are recruited for their service to the Charity or their skills in the areas of the charity's principal activities. Trustees are elected for a term of one year and are eligible for re-election, except for the three holding Trustees who serve a term of six years and have to be life members of the charity. Trustees are sought in a variety of ways involving exploration of the field of potential candidates, including recommendation from existing Trustees and supporting Members. Potential trustees are scrutinised by nominations.
All new trustees undergo a structured introduction to the operations of the charity. Trustees meetings are held monthly to review and agree major areas of policy. The responsibility for reviewing key areas of activity and policy are delegated to members of the board.
## **RESERVES POLICY**
The trustees have reviewed the reserves of the Charity. The unrestricted reserves at the end of the financial year were £481,462.
## **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.
The trustees have examined the principal areas of the Charity's operations and consider the major risks which may arise in each of these areas. In the opinion of the trustees, the Charity has established resources and reviewed systems which, under normal circumstances, should allow the risks to be identified by them to be mitigated to an acceptable level in its day-to-day operations
## **PUBLIC BENEFIT STATEMENT**
The trustees have considered the guidance on public benefit published by the Commission and are satisfied that they have complied with the guidance when exercising their powers or duties during the year.
**ON BEHALF OF THE BOARD** :
............................................. Chairman- Mina K Patel Date: 29[th] January 2024
Page 2
**Independent Examiner's Report to the Trustees of Shree Gujrati Hindu Centre Shree Krishna Temple**
I report on the accounts for the year ended 31 March 2023 set out on pages four to eight.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ASHOK PATEL BSc. ACA CTA
Institute of Chartered Accountants in England & Wales
Sharman Fielding Chartered Accountants
The Oval
57 New Walk
Leicester Leicestershire LE1 7EA
Date: 29[th] January 2024
Page 3
**Shree Gujrati Hindu Centre Shree Krishna Temple**
## **Statement of Financial Activities**
## **for the Year Ended 31 March 2023**
||||
|31.3.23|31.3.22
|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|£
|£
|£
|£
|
|**INCOMING RESOURCES**||||||
|**Incoming resources from**||||||
|**generated funds**||||||
|Voluntary income|
|11,585|-
|11,585|33,461|
|Activities for generating funds|
|27,922|-
|27,922|15,822|
|Investment income|**2**
|899|-
|899|173|
|Other incoming resources||13,827|-
|13,827|9,489|
|**Total incoming resources**||54,233|-
|54,233|58,946|
|
**RESOURCES EXPENDED**||||||
|**Costs of generating funds**||||||
|Costs of generating voluntary||18,078
|-|18,078|14,144|
|income||||||
|Governance costs||-
|-
|-|-|
|Other resources expended||6,931
|-
|6,931|52,519|
|**Total resources expended**
||
25,009|
-|
25,009|
66,661|
|
**NET INCOMING/**||||||
|**(OUTGOING) RESOURCES**||29,224
|-
|29,224|(7,715)|
|
**RECONCILIATION OF**||||||
|**FUNDS**||||||
|
**Total funds brought forward**||452,238|-|452,238|459,953|
|**TOTAL FUNDS CARRIED**||
|
|
||
|**FORWARD**||481,462
|-|481,462|452,238|
Page 4
**Shree Gujrati Hindu Centre Shree Krishna Temple**
|
**Note**
**FIXED ASSETS**
Tangible assets
Investments
**4**
**CURRENT ASSETS**
Cash at Bank & In Hand
**CURRENT LIABILITIES**
Other Creditors
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Unrestricted
|**Balance Sheet**
**At 31 March 2023**
**2023**
**£**
**£**
369,426
69,713
439,139
42,323
42,323
-
-
42,323
**481,462**
481,462
**481,462**|**2022**
**£**
14,327
14,327
600
600
|
|**£**
369,682
68,829
438,511
13,727
**452,238**
452,238
**452,238**
|
|---|---|---|---|---|
|||**£**
|||
||||||
The financial statements were approved by the Board of Trustees on 29[th] January 2024 and were signed on its behalf by:
............................................. Chairman- Mina K Patel
Page 5
**Shree Gujrati Hindu Centre Shree Krishna Temple**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **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.
- Utensils are being depreciated at the rate of 25% on a reducing balance basis
- Fixtures & fittings are being depreciated at the rate of 25% on a reducing balance basis
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## **2. INVESTMENT INCOME**
|Deposit account interest
All Investment income is expended for charitable purposes.|31.3.23
£
899
899
|31.3.22
£
173|
|---|---|---|
|||
173|
||||
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Page 6
**Shree Gujrati Hindu Centre Shree Krishna Temple**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
|
**4.**
**TANGIBLE FIXED ASSETS**
**Land and**
**buildings**
£
**COST**
At 1 April 2022 and
31 March 2023
355,000.00
**DEPRECIATION**
At 1 April 2022
Charge for the year
**At 31 March 2023**
0.00
0.00
**0.00**
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
**355,000.00**
355,000.00
|
**Jewellery**
**Utensils**
**Fixtures &**
**Fittings**
£
£
£
13,659.00
5,000.00
23,357.00
0.00
0.00
**0.00**
4,984.00
4.00
**4,987.00**
22,350.00
252.00
**22,602.00**
**13,659.00**
13,659.00
**13.00**
16.00
**755.00**
1,007.00
|**Total**
£
397,016.00
27,334.00
256.00
**27,590.00**
**369,426.00**
369,682.00|
|---|---|---|
Page 7
## **Shree Gujrati Hindu Centre Shree Krishna Temple**
## **Detailed Statement of Financial Activities**
## **for the Year Ended 31 March 2023**
|
**INCOMING RESOURCES**
**Voluntary income**
General Donations
Donation Box
Building repairs Donations
Hall Donation
Wedding Donation
**Activities for generating funds**
Shiv Yagan
Janmaashtami (Athem)
Granpati Choth
Navaratri Mahotsav
Diwali New Year
Jalarem Jayanti
Dhatt Jayanti
Patotsav
Gayantri Yagna
Hanuman Jayanti
Mahashivrati
Ram Navmi
Sharad Bhajan Satasang
Satynarayan Katha
Shiv Katha
Tulsi Vivah Kanyadan
Sarad Poonam
**Investment income**
Deposit account interest
**Other incoming resources**
Government Grants
Rental Income
**Total incoming resources**|
|31.3.23
£
1,400
3,840
2,375
700
3,270
11,585
5,916
1,227
3,100
2,502
1,500
1,526
716
1,529
859
963
307
470
526
20
6,475
237
49
27,922
899
899
6,627
7,200
13,827
54,233|31.3.22
£
3,199
4,368
25,541
353
-
33,461
1,226
223
2,335
2,208
912
1,629
990
753
895
978
824
400
744
1,705
-
-
-
15,822
173
173
3,889
5,600|
|---|---|---|---|
||
||9,489|
|||||
||||58,946|
Page 8
## **Shree Gujrati Hindu Centre Shree Krishna Temple Detailed Statement of Financial Activities**
## **for the Year Ended 31 March 2023**
|**RESOURCES EXPENDED**
**Costs of generating voluntary income**
Water
Insurance
Light and heat
Telephone
Post and Stationery
Sundries
Priest costs
Religious activities
33 Helier Street
Depreciation
**Governance costs**
Accountancy costs
**Support costs**
Repairs and renewals
Alarm System and maintenance
Renovations
**Total resources expended**
**Net (expenditure)/income**|31.3.23
£
450
1,469
3,020
793
-
6
6,874
5,185
25
256
18,078
-
1,980
1,067
3,884
6,931
25,009
29,224|31.3.22
£
356
1,400
3,320
668
245
928
4,000
1,945
941
341
14,144
-
11,586
3,010
37,923
52,519
66,661
(7,715)|
|---|---|---|
||
||
||||
||||
||||
Page 9