**Oxford Hindu Temple and Community Centre Project**
## **Charity No. 1131440**
**Trustee's Report and Unaudited Accounts**
**31 March 2024**
**Oxford Hindu Temple and Community Centre Project Independent Examiners Report**
This Annual Report is presented in accordance with the requirements of the Charity Commission.
Governance and Management:
## **Committee Composition**
During the year April 2024 to March 2025 the following members continued as members of the OHTCCP Executive Committee.
- Jiwan Sharma
- Mark Bhagwandin
- Pratibha Kurupatti
- Vishwa Kumar
- Rajib Paudel
- Raj Patel
- Dharmaraj Gupta
- Akansha Bhattacharya
- Krishan Dhiman
- Mukesh Shori
- Ankit Shukla
- Satish Rao
- Padma Ramachandrappa
- Ritesh Kapadia
- Chinta Kallie
## **Office Bearers**
Following the elections, the committee appointed the following office bearers:
- **Chairman:** Mukesh Shori
- **Vice-Chairman:** Ankit Shukla
- **Secretary:** Mark Bhagwandin
- **Assistant Secretary:** Ritesh Kapadia
- **Treasurers:** Dharmaraj Gupta & Krishan Dhiman
## **Co-opted Members**
The committee subsequently co-opted the following additional members:
- Chris Hills
- Ashish Arya
- Ashish Srivastava
- Akanksha Jain
## **Trustee Appointments**
The following individuals were appointed to serve as Trustees:
- Mukesh Shori
- Jiwan Sharma
- Mark Bhagwandin
- Dharamraj Gupta
- Krishan Dhiman
- Ankit Shukla
Page 3
**Oxford Hindu Temple and Community Centre Project Independent Examiners Report**
## **IN MEMORIAM**
With deep sadness, we note the passing of our beloved committee member and co-treasurer, Krishan Dhiman, in July 2024. His dedication and contributions to the temple project were invaluable, and he is greatly missed by all. We invite a moment of silence to honour his memory and the legacy he leaves behind.
## **ACTIVITIES AND ACHIEVEMENTS**
## **Executive Committee Meetings**
The Executive Committee held monthly meetings throughout the reporting period to discuss religious, social and cultural activities, as well as all matters related to temple acquisition, development, and construction.
## **Religious and Cultural Events**
## **2024 Events**
- Monthly Havan and Satsang ceremonies (conducted each month)
- Marston Eco-Market participation
- Marston Community Market engagement
- Holi Celebration with ceremonial exchange of keys for the temple
- Maha Shivratri observance
- Participation in the One World Festival at Ashmolean Museum
- Krishna Janmashtami celebration
## **PROPERTY ACQUISITION AND DEVELOPMENT**
## **Milestone Achievements**
- **2023-2024:** Negotiated a 26-year lease with Oxford City Council at an annual rent of £22,500, including 3.5 years rent-free period as compensation for renovation costs
- **March 2024:** Formal lease signing completed
- **April 2024:** Official handover of keys during Holi Celebrations
- **August 2024:** Commenced renovation work with Knights Builders, selected after evaluating five contract quotations
- **Current Status:** Renovation project continues
## **PUBLIC ENGAGEMENT**
## **Media Coverage and Community Outreach**
OHTCCP's journey to establish a permanent home for the Hindu temple received substantial coverage in local media. Our community engagement included:
- Feature articles in the Oxford Mail
- Interviews and coverage on BBC Oxford
- Active presence on social media platforms, primarily Facebook
- Community outreach through local events and markets.
Page 4
**Oxford Hindu Temple and Community Centre Project Independent Examiners Report**
## **FINANCIAL SUMMARY**
For the financial year ending 31st March 2024, OHTCCP recorded:
## **Total Income:** £ **£88,645.84**
## **Total Expenditure: £194,139.61**
The increased expenditure reflects the start of the building project in 2024.
_Detailed financial statements are available upon request._
Submitted respectfully on behalf of the Trustees,
Mark Bhagwandin, Jiwan Sharma, Dharmaraj Gupta, Ankit Shukla, Mukesh Shori
Mukesh Shori Chairman, OHTCCP Date: 16/03/2025
Page 5
## **Oxford Hindu Temple and Community Centre Project Independent Examiners Report Independent Examiner's Report to the trustee of Oxford Hindu Temple and Community Centre Project**
I report to the trustees on my examination of the financial statements of Oxford Hindu Temple and Community Centre Project for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
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)(b) 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 the 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.
Oxon Accountancy 28 The Quadrant The Science Park Abingdon
OX14 3YS
Page 6
**Oxford Hindu Temple and Community Centre Project Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
3
5,537
Charitableactivities
4
-
**Total**
5,537
**Expenditure on:**
Raisingfunds
5
4,555
Charitableactivities
6
3,573
Other
186,012
**Total**
194,140
Net gains on investments
-
**Net income**
12
(188,603)
Transfers between funds
188,603
**Net income before other**
-
**gains/(losses)**
**Net movement in funds**
-
**Reconciliation of funds:**
Total funds brought forward
-
**Total funds carried forward**
-|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
3
5,537
Charitableactivities
4
-
**Total**
5,537
**Expenditure on:**
Raisingfunds
5
4,555
Charitableactivities
6
3,573
Other
186,012
**Total**
194,140
Net gains on investments
-
**Net income**
12
(188,603)
Transfers between funds
188,603
**Net income before other**
-
**gains/(losses)**
**Net movement in funds**
-
**Reconciliation of funds:**
Total funds brought forward
-
**Total funds carried forward**
-|**Restricted**
**funds**
**2024**
**£**
-
83,109||**Total funds**
**2024**
**£**
5,537
83,109|**Total funds**
**2023**
**£**
6,040
11,446|
|---|---|---|---|---|---|
|||83,109
-
-
-||88,646
4,555
3,573
186,012|17,486
657
6,593
528|
||194,140
-|-
-||194,140
-|7,778
-|
|||83,109
(188,603)||(105,494)
-|9,708
-|
||-|(105,494)
(105,494)
262,773
157,279||(105,494)
(105,494)
262,773
157,279|9,708|
||-
-
-||||9,708
253,065
262,773|
Page 7
**Oxford Hindu Temple and Community Centre Project Balance Sheet**
**at 31 March 2024**
|**Charity No. 1131440**
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
Restricted income funds
7
**Unrestricted funds**
7
General funds
Designated funds
**Total funds**
Approved by the trustees on
And signed on their behalf by:|**2024**
**£**
157,279
157,279
157,279
157,279
157,279
157,279
157,279
157,279
-
-
-
157,279|**2023**
**£**
262,773|
|---|---|---|
|||262,773|
|||262,773
262,773|
|||262,773|
|||262,773|
|||262,773|
|||262,773
-
-|
|||-|
|||262,773|
||||
Trustee
Page 8
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
## **for the year ended 31 March 2024**
- 1 **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 102) 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 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 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 of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an 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 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/(losses) 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 This includes any gain or loss on the sale of investments. investment assets
Page 9
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
## **Expenditure**
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which Recognition of cannot be fully recovered, and is reported as part of the expenditure to which it expenditure relates.
These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its activities and Expenditure on services in the furtherance of its objects, including the making of grants and charitable activities 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 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. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **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.
Page
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
- 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**|
||||
|---|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitableactivities
**Total**
**Expenditure on:**
Raisingfunds
Charitableactivities
Other
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
**Unrestricted**
**£**
5,537
5,537
4
**Income from charitable activities**
**Unrestricted**
**£**
-
-|**Unrestricted**
**funds**
**2023**
**£**
6,040
-
6,040
657
6,593
528
7,778
-
(1,738)
1,738
-
-
-
-
**Restricted**
**£**
-
-
**Restricted**
**£**
83,109
83,109|**Restricted**
**funds**
**2023**
**£**
-
11,446
11,446
-
-
-
-
-
11,446
(1,738)
9,708
9,708
253,065
262,773
**Endowment**
**£**
-
-
**Endowment**
**£**
-
-|**Total**
**2024**
**£**
5,537
5,537
**Total**
**2024**
**£**
83,109
83,109|**Total funds**
**2023**
**£**
6,040
11,446|
|||||17,486
636
6,593
528|
|||||7,778
-|
|||||9,708
-|
|||||9,708|
|||||9,708
253,065|
|||||262,773|
|||||**Total**
**2023**
**£**
6,040
6,040
**Total**
**2023**
**£**
11,446
11,446|
Page
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
- 5 **Expenditure on raising funds**
|**Unrestricted**
**£**
_Fundraising trading costs_
4,555
4,555
6
**Expenditure on charitable activities**
**Unrestricted**
**£**
_Expenditure on charitable_
_activities_
7
**Movement in funds**
3,573
3,573
**Restricted income funds:**
**At 1 April**
**2023**
262,773
_Total_
262,773
**Unrestricted funds:**
**General funds**
-
**Total funds**
262,773
8
**Analysis of net assets between funds**
Net current assets|**Restricted**
**£**
-
-
**Restricted**
**£**
-
-
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
83,109
83,109
5,537
88,646
**Unrestricted**
**funds**
**£**
157,279
157,279|**Endowment**
**£**
-
-
**Endowment**
**£**
-
-
**Resources**
**expended**
**£**
-
-
(194,140)
(194,140)
**Restricted**
**funds**
**£**
-
-|**Total**
**2024**
**£**
4,555
4,555
**Total**
**2023**
**£**
3,573
3,573
**Gross**
**transfers**
**£**
(188,603)
(188,603)
188,603
-
**Endowment**
**funds**
**£**
-
-|**Total**
**2023**
**£**
657
657
**Total**
**2022**
**£**
10,567
10,567
**At 31**
**March**
**2024**
**£**
157,279|
|---|---|---|---|---|
|||||157,279|
|||||-
157,279
**Total**
**£**
157,279
157,279|
Page
**Oxford Hindu Temple and Community Centre Project**
## **Charity No. 1131440**
**Trustee's Report and Unaudited Accounts**
**31 March 2024**
**Oxford Hindu Temple and Community Centre Project Independent Examiners Report**
This Annual Report is presented in accordance with the requirements of the Charity Commission.
Governance and Management:
## **Committee Composition**
During the year April 2024 to March 2025 the following members continued as members of the OHTCCP Executive Committee.
- Jiwan Sharma
- Mark Bhagwandin
- Pratibha Kurupatti
- Vishwa Kumar
- Rajib Paudel
- Raj Patel
- Dharmaraj Gupta
- Akansha Bhattacharya
- Krishan Dhiman
- Mukesh Shori
- Ankit Shukla
- Satish Rao
- Padma Ramachandrappa
- Ritesh Kapadia
- Chinta Kallie
## **Office Bearers**
Following the elections, the committee appointed the following office bearers:
- **Chairman:** Mukesh Shori
- **Vice-Chairman:** Ankit Shukla
- **Secretary:** Mark Bhagwandin
- **Assistant Secretary:** Ritesh Kapadia
- **Treasurers:** Dharmaraj Gupta & Krishan Dhiman
## **Co-opted Members**
The committee subsequently co-opted the following additional members:
- Chris Hills
- Ashish Arya
- Ashish Srivastava
- Akanksha Jain
## **Trustee Appointments**
The following individuals were appointed to serve as Trustees:
- Mukesh Shori
- Jiwan Sharma
- Mark Bhagwandin
- Dharamraj Gupta
- Krishan Dhiman
- Ankit Shukla
Page 3
**Oxford Hindu Temple and Community Centre Project Independent Examiners Report**
## **IN MEMORIAM**
With deep sadness, we note the passing of our beloved committee member and co-treasurer, Krishan Dhiman, in July 2024. His dedication and contributions to the temple project were invaluable, and he is greatly missed by all. We invite a moment of silence to honour his memory and the legacy he leaves behind.
## **ACTIVITIES AND ACHIEVEMENTS**
## **Executive Committee Meetings**
The Executive Committee held monthly meetings throughout the reporting period to discuss religious, social and cultural activities, as well as all matters related to temple acquisition, development, and construction.
## **Religious and Cultural Events**
## **2024 Events**
- Monthly Havan and Satsang ceremonies (conducted each month)
- Marston Eco-Market participation
- Marston Community Market engagement
- Holi Celebration with ceremonial exchange of keys for the temple
- Maha Shivratri observance
- Participation in the One World Festival at Ashmolean Museum
- Krishna Janmashtami celebration
## **PROPERTY ACQUISITION AND DEVELOPMENT**
## **Milestone Achievements**
- **2023-2024:** Negotiated a 26-year lease with Oxford City Council at an annual rent of £22,500, including 3.5 years rent-free period as compensation for renovation costs
- **March 2024:** Formal lease signing completed
- **April 2024:** Official handover of keys during Holi Celebrations
- **August 2024:** Commenced renovation work with Knights Builders, selected after evaluating five contract quotations
- **Current Status:** Renovation project continues
## **PUBLIC ENGAGEMENT**
## **Media Coverage and Community Outreach**
OHTCCP's journey to establish a permanent home for the Hindu temple received substantial coverage in local media. Our community engagement included:
- Feature articles in the Oxford Mail
- Interviews and coverage on BBC Oxford
- Active presence on social media platforms, primarily Facebook
- Community outreach through local events and markets.
Page 4
**Oxford Hindu Temple and Community Centre Project Independent Examiners Report**
## **FINANCIAL SUMMARY**
For the financial year ending 31st March 2024, OHTCCP recorded:
## **Total Income:** £ **£88,645.84**
## **Total Expenditure: £194,139.61**
The increased expenditure reflects the start of the building project in 2024.
_Detailed financial statements are available upon request._
Submitted respectfully on behalf of the Trustees,
Mark Bhagwandin, Jiwan Sharma, Dharmaraj Gupta, Ankit Shukla, Mukesh Shori
Mukesh Shori Chairman, OHTCCP Date: 16/03/2025
Page 5
## **Oxford Hindu Temple and Community Centre Project Independent Examiners Report Independent Examiner's Report to the trustee of Oxford Hindu Temple and Community Centre Project**
I report to the trustees on my examination of the financial statements of Oxford Hindu Temple and Community Centre Project for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
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)(b) 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 the 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.
Oxon Accountancy 28 The Quadrant The Science Park Abingdon
OX14 3YS
Page 6
**Oxford Hindu Temple and Community Centre Project Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
3
5,537
Charitableactivities
4
-
**Total**
5,537
**Expenditure on:**
Raisingfunds
5
4,555
Charitableactivities
6
3,573
Other
186,012
**Total**
194,140
Net gains on investments
-
**Net income**
12
(188,603)
Transfers between funds
188,603
**Net income before other**
-
**gains/(losses)**
**Net movement in funds**
-
**Reconciliation of funds:**
Total funds brought forward
-
**Total funds carried forward**
-|**Unrestricted**
**funds**
**2024**
**Notes**
**£**
**Income and endowments**
**from:**
Donations and legacies
3
5,537
Charitableactivities
4
-
**Total**
5,537
**Expenditure on:**
Raisingfunds
5
4,555
Charitableactivities
6
3,573
Other
186,012
**Total**
194,140
Net gains on investments
-
**Net income**
12
(188,603)
Transfers between funds
188,603
**Net income before other**
-
**gains/(losses)**
**Net movement in funds**
-
**Reconciliation of funds:**
Total funds brought forward
-
**Total funds carried forward**
-|**Restricted**
**funds**
**2024**
**£**
-
83,109||**Total funds**
**2024**
**£**
5,537
83,109|**Total funds**
**2023**
**£**
6,040
11,446|
|---|---|---|---|---|---|
|||83,109
-
-
-||88,646
4,555
3,573
186,012|17,486
657
6,593
528|
||194,140
-|-
-||194,140
-|7,778
-|
|||83,109
(188,603)||(105,494)
-|9,708
-|
||-|(105,494)
(105,494)
262,773
157,279||(105,494)
(105,494)
262,773
157,279|9,708|
||-
-
-||||9,708
253,065
262,773|
Page 7
**Oxford Hindu Temple and Community Centre Project Balance Sheet**
**at 31 March 2024**
|**Charity No. 1131440**
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
Restricted income funds
7
**Unrestricted funds**
7
General funds
Designated funds
**Total funds**
Approved by the trustees on
And signed on their behalf by:|**2024**
**£**
157,279
157,279
157,279
157,279
157,279
157,279
157,279
157,279
-
-
-
157,279|**2023**
**£**
262,773|
|---|---|---|
|||262,773|
|||262,773
262,773|
|||262,773|
|||262,773|
|||262,773|
|||262,773
-
-|
|||-|
|||262,773|
||||
Trustee
Page 8
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
## **for the year ended 31 March 2024**
- 1 **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 102) 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 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 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 of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an 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 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/(losses) 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 This includes any gain or loss on the sale of investments. investment assets
Page 9
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
## **Expenditure**
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which Recognition of cannot be fully recovered, and is reported as part of the expenditure to which it expenditure relates.
These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its activities and Expenditure on services in the furtherance of its objects, including the making of grants and charitable activities 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 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. Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **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.
Page
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
- 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**|
||||
|---|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitableactivities
**Total**
**Expenditure on:**
Raisingfunds
Charitableactivities
Other
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
**Unrestricted**
**£**
5,537
5,537
4
**Income from charitable activities**
**Unrestricted**
**£**
-
-|**Unrestricted**
**funds**
**2023**
**£**
6,040
-
6,040
657
6,593
528
7,778
-
(1,738)
1,738
-
-
-
-
**Restricted**
**£**
-
-
**Restricted**
**£**
83,109
83,109|**Restricted**
**funds**
**2023**
**£**
-
11,446
11,446
-
-
-
-
-
11,446
(1,738)
9,708
9,708
253,065
262,773
**Endowment**
**£**
-
-
**Endowment**
**£**
-
-|**Total**
**2024**
**£**
5,537
5,537
**Total**
**2024**
**£**
83,109
83,109|**Total funds**
**2023**
**£**
6,040
11,446|
|||||17,486
636
6,593
528|
|||||7,778
-|
|||||9,708
-|
|||||9,708|
|||||9,708
253,065|
|||||262,773|
|||||**Total**
**2023**
**£**
6,040
6,040
**Total**
**2023**
**£**
11,446
11,446|
Page
**Oxford Hindu Temple and Community Centre Project Notes to the Accounts**
- 5 **Expenditure on raising funds**
|**Unrestricted**
**£**
_Fundraising trading costs_
4,555
4,555
6
**Expenditure on charitable activities**
**Unrestricted**
**£**
_Expenditure on charitable_
_activities_
7
**Movement in funds**
3,573
3,573
**Restricted income funds:**
**At 1 April**
**2023**
262,773
_Total_
262,773
**Unrestricted funds:**
**General funds**
-
**Total funds**
262,773
8
**Analysis of net assets between funds**
Net current assets|**Restricted**
**£**
-
-
**Restricted**
**£**
-
-
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
83,109
83,109
5,537
88,646
**Unrestricted**
**funds**
**£**
157,279
157,279|**Endowment**
**£**
-
-
**Endowment**
**£**
-
-
**Resources**
**expended**
**£**
-
-
(194,140)
(194,140)
**Restricted**
**funds**
**£**
-
-|**Total**
**2024**
**£**
4,555
4,555
**Total**
**2023**
**£**
3,573
3,573
**Gross**
**transfers**
**£**
(188,603)
(188,603)
188,603
-
**Endowment**
**funds**
**£**
-
-|**Total**
**2023**
**£**
657
657
**Total**
**2022**
**£**
10,567
10,567
**At 31**
**March**
**2024**
**£**
157,279|
|---|---|---|---|---|
|||||157,279|
|||||-
157,279
**Total**
**£**
157,279
157,279|
Page
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name OXFORD HINDU TEMPLE AND COMMUNITY CENTRE PROJECT **members of On accounts for the year** 31/03/2025 **Charity no 1131440 ended (if any) Set out on pages** (remember to include the page numbers of additional sheets)
**Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner**
The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
- **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** 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 the 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 statement below.
|**Independent**
**examiner's statement**
**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**|In connection with my examination, no matter has come to my attention
(other than that disclosed below *)
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
Charities Act; and
•
to prepare accounts which accord with the accounting records and
comply with the accounting requirements of the Charities 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.
*_Please delete the words in the brackets if they do not apply._
R.Sharma
**Date:**23/01/2026|In connection with my examination, no matter has come to my attention
(other than that disclosed below *)
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
Charities Act; and
•
to prepare accounts which accord with the accounting records and
comply with the accounting requirements of the Charities 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.
*_Please delete the words in the brackets if they do not apply._
R.Sharma
**Date:**23/01/2026|
|---|---|---|
|||23/01/2026|
||||
||Magdalena Sharma||
||||
||FMAAT (Fellow Member of Association of Accounting Technicians)||
1
**March 2012**
**IER**
**Address:** 28 The Quadrant Abingdon OX14 3YS **Section B Disclosure**
Only complete if the examiner needs to highlight material problems.
2
**March 2012**
**IER**
**Give here brief details of any items that the examiner wishes to disclose** .
3
**March 2012**
**IER**