SHIVA CULTURAL AND COMMUNITY CENTRE Charity No. 1122604 Trustees, Report and Unaudited Accounts 31 March 2025 SHIVA CULTURAL AND COMMUNITY CENTRE Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 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 2025. REFERENCE AND ADMINISTRATIVE DETAILS 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. GurunB H.B. Gurung K. Gurung R.K. Gurung S. Kayasth B. Regmi A.K. Sahni N. Sharma H. Shrestha S.M. Shrestha B. Thapa N. Tiwari Accountants Asmita & Associates Ltd 114-116 Plumstead High St Plumstead London SE18 ISJ Bankers HSBC Bank PLC Page 2 SHIVA CULTURAL AND COMMUNITY CENTRE Trustees Annual Report OBJEcfivES AND AcfiviTIES The Shiva Cultural And Community Centre is constituted under a trust deed dated 05 February 2008 and is a 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 conducted events on the occasion of various hindu and other festivals. 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 {UnFted 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 H. Bhattarai Trustee 27 January 2026 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 2025. Responslbllities and basis of ￿port As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('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 Dirertions given by the Charity Commission under section 145{5llbl 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 respect: the accounting records were not kept in respect 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 2tK18 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 & Associate5 Ltd 114-116 Plumstead High St Plumstead London SE18 ISJ 27 January 2026 Page 4 SHIVA CULTURAL AND COMMUNITY CENTRE Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies Other 141,261 532 141,261 532 72,919 11,968 Total 141,793 141,793 84,887 Expenditure on: Other 88,476 88,476 43,143 Total 88,476 88,476 43,143 Net gains on investments Net income 53,317 53,317 41,744 Transfers between funds Net income before other gains/(lossesl 53,317 53,317 41,744 Other gains and losses Net movement In funds 53,317 53,317 41,744 Reconciliation of funds: Total funds brought forward 524,263 524,263 482,519 Total funds carried forward 577,580 577,580 524.263 Page 5 SHIVA CULTURAL AND COMMUNITY CENTRE Balance Sheet at 31 March 2025 Charity No. 1122604 2025 2024 Fixed assets Tangible assets 751,332 751,332 462,136 462,136 Current assets Cash at bank and in hand 38,732 38,732 (10,9081 27,824 68.065 68.065 15,938} 62,127 Creditors: Amount falling due within one year Net current assets li Total assets less current liabilities 779,156 524,263 Creditors: Amounts falling due after more than one year Net assets excluding pension asset or liability 12 1201,5761 577,580 524,263 Total net assets 577,580 524,263 The funds of the charity Restricted funds Unrestricted funds General funds 13 13 577,580 524,263 577,580 524,263 Reserves 13 Total funds 577,580 524,263 Approved by the trustees on 27 January 2026 And signed on their behalf by: H. Bhattarai Trustee 27 January 2026 Page 6 SHIVA CULTURAL AND COMMUNITY CENTRE Notes to the Accounts for the year ended 31 March 2025 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 IFRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in basis of accounting 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 charttv. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reser4e representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted 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 has 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 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 of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llosses} 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/l1055esl 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 wtth 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 gains 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 for the 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 functional 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 u nder finance leases are initially recognised as assets 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 services 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 2024 2024 Income and endowments from: Donations and legacies Other 72,919 11,968 72.919 11.968 Totsl 84,887 84,887 Expenditure on: Other 43,143 43,143 Total 43,143 43,143 Net income 41,744 41,744 Net income before other gains/{losses) Other gains and losses: Net movement in funds 41,744 41,744 41,744 41.744 Reconciliation of funds: Total funds brought forward Total funds carried forward 482,519 482,519 524,263 524,263 3 Income from donations and legacies Unrestricted Total Total 2025 2024 Donations 141,261 141,261 141,261 141.261 72,919 72,919 4 Other income Unrestricted Total Total 2025 2024 Other income 532 532 11,968 11,968 532 532 Page 10 SHIVA CULTURAL AND COMMUNITY CENTRE Notes to the Accounts 5 Other expenditure Unrestricted Total Total 2025 2024 Interest payable Employee costs Motor and travel costs 3,077 25,988 661 3,077 25,988 661 20,629 Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 25,015 25,015 8,182 1,154 1.154 1,443 13.084 19,497 88,476 13,084 19,497 88,476 11,209 1,680 43,143 Legal and professional costs 6 Net income before transfers 2025 2024 This is stated after charging: Depreciation of owned fixed assets 7 Staff costs 1,154 1,443 2025 2024 20,629 Salaries and wages Pension costs 25,533 455 25,988 20,629 No employee received emoluments in excess of £60,000. 8 Tangible fixed assets Cost or revaluation At l April 2024 Additions At 31 March 2025 Depreciation and Impairment At l April 2024 Depreciation charge for the year At 31 March 2025 456,365 290,350 746,715 10,647 1,219 468,231 290.350 758,581 10.647 1,219 5,195 9C 6,095 1,090 64 1,154 6,285 964 7,249 Net book values At 31 March 2025 At 31 March 2024 9 Trustee remuneration and expenses No trustee received any remuneration or expenses during the year. 746,715 456,365 4,362 5,452 255 751,332 462,136 319 Page 11 SHIVA CULTURAL AND COMMUNITY CENTRE Notes to the Accounts 10 Related party disclosures There were no related party transactions during the year. 11 Creditors: amounts falling due within one year 2025 2024 Other taxes and social security Other creditors Accruals 3,760 5,708 1,440 10,908 4,978 960 5,938 12 Creditors: amounts falling due after more than one year 2025 2024 Bank loans and overdrafts 201,576 201,576 13 Movement in funds Incoming resources At31 March 2025 lincluding other At l April 8ainsllosses 2024 Resources expended Restricted funds: Unrestricted funds: General funds 524,263 141,793 188,4761 577,580 Total funds 14 Analysis of net assets between funds 524,263 141,793 188,476} 577,580 Unrestricted funds Total Fixed assets Net current assets 751,332 27,824 751,332 27,824 Creditors due in more than one year and provisions {201,5761 1201,5761 577,580 577,580 Page 12 SHIVA CULTURAL AND COMMUNITY CENTRE Notes to the Accounts 15 Reconciliation of net debt At31 March 2025 At l April 2024 Cash flows Cash and cash equivalents 68,065 68,065 129,333) 129,333} 38,732 38,732 Bank loans {201,5761 1201,5761 1201,5761 1201,5761 Net debt 68,065 1230,9091 {162,8441 16 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as follows: 2025 Land and buildings 2025 2024 Land and buildings 2024 Other Other Operating lease5 Wlth expiry date: Pension commitments 2025 2024 The pension cost charge to the charity amounted to: 455 Page 13 SHIVA CULTURAL AND COMMUNITY CENTRE Statement of Cash flows for the year ended 31 March 2025 2025 2024 Cash flows from operating activities Net income per Statement of Financial Activities 53,317 41,744 Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other payables 1,154 15321 4,970 1,443 111,968) 5,458 Net cash provided by operating activities 58,909 36,677 Cash flows from investlng actlvities Payments for property, plant and equipment Dividends, interest and rents from investments 1290,3501 532 11,968 Net cash (used in)/from investlng activities 1289,8181 11,968 Cash flows from financing activities Repayment of borrowings 201,576 Net cash from financing artivities 201,576 Net Idecrease)/increase in cash and cash equivalents 129,333) 48,645 Cash and cash equivalents at the beginning of the year 68,065 19,420 Cash and cash equivalents at the end of the year 38.732 68,065 Components of cash and cash equivalents Cash and bank balances 38,732 68,065 38,732 68,065 Page 14 SHIVA CULTURAL AND COMMUNITY CENTRE Detailed Statement of Financial Activities for the year ended 31 March 2025 Unrestricted nds 202S Totsl funds Total funds 2025 2024 Income and endowments from: Donations and legacies Donations 141,261 141,261 141,261 141,261 72,919 72,919 Other Other income 532 532 11,968 11,968 532 532 Total income and endowments 141,793 141,793 84,887 Expenditure on: Other expenditure Interest payable 3,077 3,077 3,077 3,077 Employee costs Salaries/wages Pension costs 25,533 455 25,533 455 20,629 25,988 25,988 20.629 Motor and travel costs Travel and subsistence 661 661 661 661 Premises costs Rates 1,037 4.347 1,037 4,347 605 3,732 Light, heat and power Prernises repairs and maintenance 19,631 19,631 3,845 25,015 25,015 8,182 General administrative costs, including depreciation and amortisation Depreciation of Bank charges General insurances Information and publications Postage and couriers Subscription5 Sundry expenses Telephone, fax and broadband 1,154 1,294 2,362 loo 1,154 1,294 2,362 loo 1,443 600 93 612 612 98 96 8,044 663 8,044 663 9.660 662 14,238 14,238 12,652 Legal and professional costs Accountancy and bookkeeping 480 480 1,680 Page 15 SHIVA CULTURAL AND COMMUNITY CENTRE Detailed Statement of Financlal Artivltles Other legal and professional costs 19,017 19,017 19,497 19,497 1,680 Total of expenditure of other costs Total expenditure 88,476 88,476 43,143 88,476 88,476 43,143 Net gains on investments Net income 53,317 53,317 41,744 Net income before other gains/(losses} Other Gains 53,317 53,317 41,744 Net movement in funds 53,317 53,317 41,744 Reconcillatlon of funds: Total funds brought forward 524,263 524,263 482,519 Totsl funds carried forward 577,580 577,580 524,263 Page 16