2023-03-31-accounts - Shiva Cultural And Community Centre

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		Pages
Trustees' Annual Report		2to3
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Statement ofCash flows		14
Notes to the Accounts		7to13
Detailed Statement of Financial Activities		15to 16

Statement o for the year	fFinancial Activit ended 31March	ies 2023
			Unrestricted
			funds	Total funds	Total funds
			2023	2023	2022
		Notes	E	E	f
Income and	endowments
from:
Donations	and legacies		42,895	42,895	37,745
Other			2,520	2,520	17,094
Total			45,415	45,415	54,839
Expenditure	on:
Charitable	activities				1,400
Other			29,519	29,519	39,545
Total			29,519	29,519	40,945
Net gains on	investments
Net income			15,896	15,896	13,894
Transfers between funds
Net income gains/(losses)	before other		15,896	15,896	13,894
Other gains	and losses
Net movement in funds			15,896	15,896	13,894
Reconciliation offunds:
Total funds brought forward			466,623	466,623	452,729
Total funds carried forward			482,519	482,519	466,623

Balance Sheet at 31March 2023	Balance Sheet at 31March 2023
Charity No. 1122604				2023	2022
				E	E
Fixed assets
Tangible assets			11	463,579	465,382
				463,579	465,382
Current assets
Cash at bank and		in hand		19,420	9,931
				19,420	9,931
Creditors: Amount	falling due within one year		12	(480)	(8,690)
Net current assets				18,940	1,241
Total assets less current liabilities				482,519	466,623
Net assets excluding		pension asset or liability		482,519	466,623
Total net assets				482,519	466,623
The funds ofthe charity
Restricted funds			13
Unrestricted funds			13
General funds				482,519	466,623
				482,519	466,623
Reserves			13
Total funds				482,519	466,623

last year and no chan	last year and no chan	last year and no chan	ges have been made to accounts for previous years.
Fund accounting
Unrestricted		funds	These are available for use at the discretion ofthe trustees				in furtherance			ofthe
			general objects ofthe charity.
Designated		funds	These are unrestricted funds earmarked by the trustees		for particular			purposes.
Revaluation		funds	These are unrestricted funds which include a revaluation			reserve representing						the
			restatement ofinvestment assets at their market values.
Restricted	funds		These are available for use subject to restrictions imposed				by the donor		or	through
			terms ofan appeal.
Income
Recognition		of	Income is included in the Statement of Financial Activities				(SoFA) when		the		charity
income			becomes entitled to, and virtually certain to receive, the		income and the amount of
			the income can be measured with sufficient reliability.
Income with		related	Where income has related expenditure the income and	related expenditure							is
expenditure			reported gross in the SoFA.
Donations	and		Voluntary income received by way of grants, donations	and gifts is included							in	the
legacies			the SoFA when receivable and only when the Charity has			unconditional			entitlement
			tothe income.
Tax reclaims		on	Income from tax reclaims is included in the SoFA at the	same time as the
donations	and gifts		gift/donation to which it relates.
Donated services			These are only included in income (with an equivalent amount in expenditure)
and facilities			where the benefit to the Charity is reasonably quantifiable,				measurable		and
			material.
Volunteer	help		The value ofany volunteer help received is not included		in		the accounts.
Investment		income	This is included in the accounts when receivable.
Gains/(losses) on			This includes any gain or loss resulting from revaluing investments to market								value
revaluation		offixed	at the end ofthe year.
assets
Gains/(losses) on			This includes any gain or loss on the sale of investments.
investment		assets

s to the Acc	s to the Acc	ounts
Expenditure
Recognition		of	Expenditure is recognised on an accruals	basis. Expenditure includes		any VAT	which
expenditure			cannot be fully recovered, and is reported	as part ofthe expenditure		to which	it
			relates.
Expenditure		on	These comprise the costs associated with	attracting voluntary	income, fundraising
raising funds			trading costs and investment management	costs.
Expenditure		on	These comprise the costs incurred by the	Charity in the delivery of its		activities	and
charitable	activities		services in the furtherance of its objects, including the making		ofgrants and
			governance costs.
Grants payable			All grant expenditure is accounted for on	an actual paid basis	plus an	accrual for
			grants that have been approved by the trustees at the end of		the year but not		yet
			paid.
Governance		costs	These include those costs associated with	meeting the constitutional		and statutory
			requirements ofthe Charity, including any audit/independent		examination fees,
			costs linked to the strategic management	ofthe Charity, together with a share			of
			other administration costs.
Other expenditure			These are support costs not allocated to a particular activity.

							Unrestricted
							funds	Total funds
							2022	2022
							f	f
Income and endowments					from:
	Donations		and legacies				37,?45	37,745
	Other						17,094	17,094
Total							54,839	54,839
Expenditure		on:
	Charitable		activities				1,400	1,400
	Other						39,545	39,545
Total							40,945	40,945
Net	income						13,894	13,894
Net	income before other						13,894	13,894
gains/(losses)
Other gains and losses:
Net	movement		in funds				13,894	13,894
Reconciliation			offunds:
Total funds brought forward							452,729	452,729
Total funds carried forward							466,623	466,623
3	Income from donations				and legacies
						Unrestricted	Total	Total
							2023	2022
	Donations					42,895	42,895	37,745
						42,895	42,895	37,745
4	Other income
						Unrestricted	Total	Total
							2023	2022
	Renta I Income					2,520	2,520	5,760
	Covid-19	Restriction		Grant				11,334
						2,520	2,520	17,094

							Total	Total
							2023	2022
	Expenditure		on charitable
	activities
	Charitable	Donations						1,400
								1,400
6	Other expenditure
						Unrestricted	Total	Total
							2023	2022
	Motor and	travel costs						386
	Premises costs					15,337	15,337	9,538
	Amortisation,		depreciation,
	impairment,		profit/loss	on		1,803	1,803	2,254
	disposal of	fixed assets
	General administrative			costs		10,843	10,843	22,567
	Lega I and professiona			Icosts		1,536	1,536	4,800
						29,519	29,519	39,545
7	Net income		before transfers
						2023		2022
	This is stated		after charging:			f		f
	Depreciation		ofowned	fixed assets		1,803		2,254
8	Staff costs
	No employee		received	emoluments	in excess off60,000.

	Cost or revaluation	Cost or revaluation
	At 1April 2022			456,365	10,647	1,219	468,231
	At 31March	2023		456,365	10,647	1,219	468,231
	Depreciation	and
	impairment
	At 1April 2022				2,129	720	2,849
	Depreciation	charge for the			1,703	100	1,803
	year
	At 31March	2023			3,832	820	4,652
	Net book values
	At 31March	2023		456,365	6,815	399	463,579
	At 31March	2022		456,365	8,518	499	465,382
12	Creditors:
	amounts falling due within one		year
					2023		2022
					f		f
	Other creditors						8,210
	Accruals				480		480
					480		8,690
13	Movement	in funds
					Incoming
					resources		At 31
					(including	Resources	March
					other	expended	2023
				At 1April	gains/losses
				2022	)
					f
	Restricted funds:
	Unrestricted	funds:
	General funds			466,623	45,415	(29,519)	482,519
	Total funds			466,623	45,415	(29,519)	482,519
14	Analysis ofnet assets between		funds
						Unrestricted
							Total
						funds
						f	f
	Fixed assets					463,579	463,579
	Net current	assets				18,940	18,940
						482,519	482,519

							At 31
				At	1April		March
					2022	Cash flows	2023
					f	E	E
Cash	and	cash	equivalents		9,931	9,489	19,420
					9,931	9,489	19,420
Net	debt				9,931	9,489	19,420

			2023	2022
			f	f
Cash flows from operating	activities
Net income per Statement	ofFinancial Activities		15,896	13,894
Adjustments for:
Depreciation of property, plant and equipment			1,803	2,254
Dividends, interest and	rents from investments		(2,520)	(17,094)
(Decrease)/Increase in	trade and other payables		(8,210)	8,690
Net cash provided by operating activities			6,969	7,744
Cash flows from investing	activities
Dividends, interest and	rents from investments		2,520	17,094
Net cash from/(used in) investing activities			2,520	(1,837)
Net cash from financing activities
Net increase in cash and cash equivalents			9,489	5,907
Cash and cash equivalents	at the beginning	ofthe year	9,931
Cash and cash equivalents	at the end ofthe year		19,420	5,907
Components ofcash and cash equivalents
Cash and bank balances			19,420	9,931
			19,420	9,931

for the year ended 3	1	Mar	ch 2023
				Unrestricted
				funds	Total funds	Total funds
				2023	2023	2022
				f	f	f
Income and endowments			from:
Donations and legacies
				42,895	42,895	37,745
				42,895	42,895	37,745
Other
Rentalincorne				2,520	2,520	5,760
Covid-19 Restriction	grant					11,334
				2,520	2,520	17,094
Total income and endowments				45,415	45,415	54,839
Expenditure on:
Charitable activities
Charitable donations						1,400
						1,400
Total ofexpenditure activities	on	charitable				1,400
Travel and subsistence						386
						386
Premises costs
Rates				1,453	1,453	152
Light, heat and power				4,630	4,630	5,886
Premises insurances						1,486
Premises repairs and maintenance				9,254	9,254	2,014
				15,337	15,337	9,538
Depreciation of				1,803	1,803	2,254
Bank charges				656	656	229
Information and publications				305	305	200
Postage and couriers				89	89	149
Software, ITsupport	and		related			80
costs
Subscriptions				160	160	173
Sundry expenses				8,970	8,970	21,083
Telephone, fax and	broadband			663	663	653
				12,646	12,646	24,821
Legal and professional		costs
Audit/Independent	examination					480
fees
Accountancy and bookkeeping				480	480	3,000
Consultancy fees				1,056	1,056	1,320

SHIVA CULTURAL A Detailed Statement	ND COMMUNITY CENTRE of Financial Activities
		1,536	1,536	4,800
Total ofexpenditure	ofother costs	29,519	29,519	39,545
Total expenditure		29,519	29,519	40,945
Net gains on investments
Net income		15,896	15,896	13,894
Net income before gains/(losses)	other	15,896	15,896	13,894
Other Gains
Net movement in funds		15,&96	15,896	13,894
Reconciliation offunds:
Total funds brought	forward	466,623	466,623	452,729
Total funds carried	forward	482,519	482,519	466,623