SHIVA CULTURAL AND COMMUNITY CENTRE
Charity No. 1122604
Trustees, Report and Unaudited Accounts
31 March 2024

SHIVA CULTURAL AND COMMUNITY CENTRE
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Artivtties
2to3
Balance Sheet
Statement of Cash flows
14
Notes to the Accounts
7t013
Detailed Statement of Financial Activities
15to16
Page I

SHIVA CULTURAL AND COMMUNITY CENTRE
Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended
31 March 2024.
REFERENCE AND ADMINISTRATIVE DEfAILS
Charity No. 1122604
Principal Office
Shiva Cultural and Community Centre
Queens Road
Aldershot
GUII 3JE
Trustees
The following trustees served during the year:
J.N. Belbase
B.B. Bhattarai
H. Bhattarai
A.B. Gurung
H.B. Gurung
K. Gurung
R.K. Gurung
B. Regmi
N. Sharma
B. Thapa
N. Tiwari
Independent Examiner
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 ISJ
Bankers
HSBC Bank PLC
OBJECTIVES AND AcfiviTIES
The Shiva Cultural And Community Centre is constituted under a trust deed dated 05 February 2008 and is
registered charity no. 1122604.
The principal object of the charity is directed towards Holding Prayers and cultural programmes for the
benefit of the community at large. Encouraging Faith and racial harmony/ community cohesion through
promoting understanding of Hindu and other faiths within the community.
The main activities undertaken in relation to those purposes are the charity condurted events on the
occasion of various hindu and other festivals.
Page 2

SHIVA CULTURAL AND COMMUNITY CENTRE
Trustees Annual Report
Statement of trustees, responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and
hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
B.B. Bhattarai
Trustee
31 May 2024
Page 3

SHIVA CULTURAL AND COMMUNITY CENTRE
Independent Examiners Report
Independent Examiner's Report to the trustees of SHIVA CULTURAL AND COMMUNITY CENTRE
I report to the trustees on my examination of the financial statements of SHIVA CULTURAL AND COMMUNITY
CENTRE for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees you are responsible for the p￿paratIOn of the financial statements in accordance
with the requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145{5){bl of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respert:
the accounting records were not kept in respert of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and
content of financial statements Set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the financial statements give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention Should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
LN Pandey FCA. M.Sc.
Asmita & Associates Ltd
114-116 Plumstead High St
Plumstead
London
SE18 ISJ
31 May 2024
Page 4

SHIVA CULTURAL AND COMMUNITY CENTRE
Statement of Financial Artivities
for the year ended 31 March 2024
Unrestricted
funds Total funds Total funds
2024
2024
2023
Notes
Income and endowments
from:
Donations and legacies
Other
72,919
11,968
72,919
11,968
42,895
2,520
Total
84,887
84,887
45,415
Expenditure on:
Other
43,143
43,143
29,519
Total
43,143
43,143
29,519
Net gains on investments
Net income
41,744
41,744
15,896
Transfers between funds
Net income before other
8ains/(losses)
41,744
41,744
15,896
Other gains and losses
Net movement in funds
41,744
41,744
15,896
Reconciliation of funds:
Total funds brought forward
482,519
482,519
466,623
Total funds carried forward
524,263
524,263
482,519
Page 5

SHIVA CULTURAL AND COMMUNITY CENTRE
Balance Sheet
at 31 March 2024
Charity No. 1122604
2024
2023
Fixed assets
Tangible assets
io
462,136
462,136
463,579
463,579
Current assets
Cash at bank and in hand
68,065
68,065
15,9381
62,127
19,420
19,420
14801
18,940
Creditors: Amount falling due within one year
Net current assets
li
Total assets less current liabilities
524,263
482,519
Net assets excluding pension asset or liability
524,263
482,519
Total net assets
524,263
482,519
The funds of the charity
Restrlcted funds
Unrestrlrted funds
General funds
12
12
524,263
482,519
524,263
482.519
Reserves
12
Total funds
524,263
482,519
Approved by the trustees on 31 May 2024
And signed on their behalf by:
B.B. Bhattarai
Trustee
31 May 2024
Page 6

SHIVA CULTURAL AND COMMUNITY CENTRE
Notes to the Accounts
for the year ended 31 March 2024
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland (FRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the
Charities Act 2011.
Change In basls of ac¢ountlng or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor orthrough
terms of an appeal.
Designated funds
Revaluation funds
Restrirted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities {SoFAI when the charity
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 ha5 related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gtfts gift/donation to which it relates.
Donated seNices
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 of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/{losses) on
investment assets
This includes any gain or loss on the sale of investments.
Page 7

SHIVA CULTURAL AND COMMUNITY CENTRE
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and is reported as part of the 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 of grants and
governance costs.
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.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All Eains 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 recognised at fair
value which is the amount the charity would have been willing to pay forthe items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position. bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Page 8

SHIVA CULTURAL AND COMMUNITY CENTRE
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the funttional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset. the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as a$5ets of the charity at their fair value 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 apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the charity pays fixed contributions into a separate entity. Once the
contributions have been paid the charity has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods. facilities and services
All donated goods. facilities and seNices received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
Page 9

SHIVA CULTURAL AND COMMUNITY CENTRE
Notes to the Accounts
2 Statement of Financial Activities - prior year
Unrestricted
funds Total funds
2023
2023
Income and endowments from:
Donations and legacies
Other
42,895
2,520
42,895
2,520
Total
45,415
45,415
Expenditure on:
Other
29,519
29,519
Totsl
29,519
29,519
Net income
15,896
15,896
Net income before other
gainsl(losses)
Other gains and losses:
Net movement in funds
15,896
15,896
15,896
15,896
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
466,623
466,623
482,519
482,519
3 Income from donations and legacies
Unrestrirted
Total
Total
2024
2023
Donations
72,919
72,919
72,919
72,919
42,895
42.895
4 Other Income
Unrestricted
Total
Total
2024
2023
Rental Income
2,520
Gift Aid Income
11,968
11,968
11,968
11,968
2,520
Page 10

SHIVA CULTURAL AND COMMUNITY CENTRE
Notes to the Accounts
5 Other expenditure
Unrestricted
Total
Total
2024
2023
Employee costs
Premises costs
20,629
8,182
20,629
8,182
15,337
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
1,443
1,443
1,803
11,209
1,680
43,143
11,209
1,680
43.143
10,843
1,536
29,519
Legal and professional costs
6 Net income before transfers
2024
2023
This is stated after charging:
Depreciation of owned fixed assets
7 Staff costs
1,443
1,803
2024
2023
Salaries and wages
20,629
20,629
No employee received emoluments in excess of £60,000.
8 Trustee remuneration and expenses
No trustee received any remuneration or expenses during the year.
9 Related party disclosures
There were no related party transactions during the year.
10 Tanglble fixed assets
Cost or revaluation
At l April 2023
At 31 March 2024
Depreciation and
impalrment
At l April 2023
Depreciation charge for the
year
At 31 March 2024
456,365
456,365
10,647
10,647
1,219
1,219
468,231
468.231
3,832
820
4,652
1,363
80
1,443
5,195
900
6,095
Net book values
At 31 March 2024
At 31 March 2023
456,365
456,365
5,452
6,815
319
462,136
463,579
399
Page 11

SHIVA CULTURAL AND COMMUNITY CENTRE
Notes to the Accounts
11 Creditors:
amounts falling due within one year
2024
2023
Other creditors
Accruals
4,978
960
480
5,938
480
12 Movement in funds
Incoming
resources
At31
March
lincludin8
other
At l April gainsllosses
2023
Resources
expended
2024
Restricted funds:
Unrestrirted funds:
General funds
482,519
84,887
(43,143)
524,263
Total funds
13 Analysls of net assets between funds
482,519
84,887
143,1431
524,263
Unrestricted
funds
Total
Fixed assets
462,136
62,127
524,263
462,136
62,127
524,263
Net current assets
14 Reconciliation of net debt
At31
March
2024
At l Aprll
2023
Cash flows
Cash and cash equivalents
19,420
19,420
48,645
48,645
68,065
68,065
Net debt
19,420
48,645
68,065
Page 12

SHIVA CULTURAL AND COMMUNITY CENTRE
Statement of Cash flows
for the year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net Income per Statement of Financial Activities
41,744
15,896
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase/lDecreasel in trade and other payables
1,443
(11,9681
5,458
1,803
(2,5201
18,210)
Net cash provided by operatlng activities
36,677
6,969
Cash flows from investing artivities
Dividends, interest and rents from investments
11,968
2,520
Net cash from investing activities
11,968
2,520
Net cash from financing activities
Net increase in cash and cash equivalents
48,645
9,489
Cash and cash equivalents at the beginnlng of the year
19,420
9,931
Cash and cash equivalents at the end of the year
68,065
19,420
Components of cash and cash equivalents
Cash and bank balances
68,065
19,420
68,065
19,420
Page 13

SHIVA CULTURAL AND COMMUNITY CENTRE
Detailed Statement of Financial Activities
for the year ended 31 March 2024
Unrestricted
funds
2024
Total funds
2024
Total funds
2023
Income and endowments from:
Donations and legacies
Donations
72,919
72,919
72,919
72,919
42,895
42,895
Other
Rental Income
Gift aid income
2,520
11,968
11,968
11,968
11.968
2,520
Total income and endowment5
84,887
84,887
45,415
Expenditure on..
Employee costs
Salaries/wages
20.629
20,629
20,629
20,629
Premises costs
Rates
Light, heat and power
Premises repairs and
maintenance
605
605
1,453
4,630
3,732
3,732
3,845
3,845
9,254
8,182
8,182
15.337
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
Information and publications
Postage and courier5
Subscriptions
Sundry expenses
Telephone. fax and broadband
1,443
600
1,443
600
1,803
656
93
93
305
89
160
98
98
96
9,660
662
12,652
96
9,660
662
8,970
663
12,646
12,652
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
1,680
1.680
480
1,056
1,536
1,680
1,680
Total of expenditure of other costs
Total expenditure
43.143
43,143
29,519
43,143
43,143
29,519
Net gains on investments
Net income
41,744
41.744
15,896
Page 14

SHIVA CULTURAL AND COMMUNITY CENTRE
Detailed Statement of Financial Activities
Net income before other
gains1{losses)
Other Gains
41,744
41,744
15,896
Net movement in funds
41,744
41,744
15,896
Reconciliation of funds:
Total funds brought forward
482,519
482,519
466,623
Total funds carried forward
524,263
524,263
482,519
Page 15