Company registration number 07296107 (England and Wales)
Charity registration number 1138725 (England and Wales)
EXETER HINDU CULTURAL CENTRE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
EXETER HINDU CULTURAL CENTRE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Charity number
MrP §S Sivlal Dr M Gandhi Dr V Mandalia Dr D Sachdeva 1138725
Company number
07296107
Principal address
Staddlestones Glenthorne Road Exeter Devon EX4 4QU
Registered office
Staddlestones Glenthorne Road Exeter Devon ExX4 4QU
Accountants
Hampden Hampden House 76 Durham Road London SW20 OTL
EXETER HINDU CULTURAL CENTRE LIMITED
CONTENTS
==> picture [383 x 84] intentionally omitted <==
----- Start of picture text -----
||||
|---|---|---|
|Page|
|Trustees’|report|1-2|
|Accountants’|report|3|
----- End of picture text -----
Statement of financial activities 4 Statement of financial position 5
Notes to the financial statements
6-11
EXETER HINDU CULTURAL CENTRE LIMITED
TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)
FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their report and financial statements for the year ended 30 June 2025.
On 1 June 2019 the members passed a special resolution to change the company name from Exeter Hindu Temple, Cultural and Community Centre to Exeter Hindu Cultural Centre Limited.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statemen: of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The charity's objective and principal activity is the advancement of the Hindu religion.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
During the year the charity held regular prayer meetings and was involved in a number of Hindu festivals and local social events. The directors consider that the performance of the charity to be satisfactory and successful. The results for the year and the charity's financial position at the year end are shown in the financial statements.
Financial review
It is the policy of the charity that unrestricted funds whicr have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr P S Sivlal
Dr M Gandhi
Dr V Mandalia
Dr D Sachdeva
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the compary and guarantee to contribute £1 in the event of a winding up.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The company’s current policy concerning the payment of trade creditors is to:
-
settle the terms of payment with suppliers when agreeing the terms of each transaction;
-
® ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and ® pay in accordance with the company's contractual and other legal obligations.
-1-
EXETER HINDU CULTURAL CENTRE LIMITED
TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Mr P S Sivlal Trustee Dated: 31 March 2026
-2-
EXETER HINDU CULTURAL CENTRE LIMITED
==> picture [421 x 35] intentionally omitted <==
----- Start of picture text -----
CHARTERED ACCOUNTANTS' REPORT TO THE TRUSTEES ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EXETER HINDU CULTURAL
CENTRE LIMITED FOR THE YEAR ENDED 30 JUNE 2025
----- End of picture text -----
==> picture [418 x 69] intentionally omitted <==
----- Start of picture text -----
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Exeter Hindu Cultural Centre Limited for the year ended 30 June 2025, which comprise the statement of
financial activilies and the related notes from the charily’s accounting records and from information and explanations you
have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and
other professional requirements which are detailed at https://www.icaew.com/regulation.
----- End of picture text -----
==> picture [418 x 50] intentionally omitted <==
----- Start of picture text -----
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement. Our work has been
undertaken solely to prepare for your approval the financial statements of Exeter Hindu Cultural Centre Limited and state
those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ICAEW
Technical Release 07/16 AAF. To the fullest extent permitted by law, we do no: accept or assume responsibility to anyone
other than Exeter Hindu Cultural Centre Limited and the charity's Trustees as a body, for our work or for this report.
----- End of picture text -----
Itis your duty to ensure that Exeter Hindu Cultural Centre Limited has kept adequate acccunting recards and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and surplus of Exeter Hindu Cultural Centre Limited. You consider that Exeter Hindu Cultural Centre Limited is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
==> picture [403 x 29] intentionally omitted <==
----- Start of picture text -----
We have not been instructed to carry out an audit or a review of the financial statements of Exeter Hindu Cultural Centre
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
----- End of picture text -----
==> picture [34 x 8] intentionally omitted <==
----- Start of picture text -----
Hampden
----- End of picture text -----
Chartered Accountants Hampden House 76 Durham Road Londan SW20 OTL 31 March 2026
==> picture [13 x 7] intentionally omitted <==
----- Start of picture text -----
-3-
----- End of picture text -----
EXETER HINDU CULTURAL CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 23,002 | 13,927 |
| Investments | 4 | 4,694 | 5,057 |
| Total income | 27,696 | 18,984 | |
| Expenditure on: | |||
| Raising funds | 5 | 3,154 | 1,791 |
| Net income and movement in funds | 24,542 | 17,193 | |
| Reconciliation of funds: | |||
| Fund balances at 1 July 2024 | 107,828 | 90,635 | |
| Fundbalancesat30June2025 | 132,370 | 107,828 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
-4-
EXETER HINDU CULTURAL CENTRE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 10 | 181 | 738 | ||||
| Current assets | |||||||
| Debtors | 11 | 2,845 | 2,845 | ||||
| Cash at bank and in hand | 129,344 | 104,245 | |||||
| 132,189 | 107,090 | ||||||
| Net currentassets | 132,189 | 107,090 | |||||
| Total assets less current liabilities | 132,370 | 107,828 | |||||
| The funds of the charity | |||||||
| Unrestricted funds | 12 | 132,370 | 107,828 | ||||
| 132,370 | 107,828 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 31 March 2026
Mr P §S Sivlal Trustee
-5-
==> picture [243 x 9] intentionally omitted <==
----- Start of picture text -----
EXETER HINDU CULTURAL CENTRE LIMITED
----- End of picture text -----
==> picture [194 x 26] intentionally omitted <==
----- Start of picture text -----
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
----- End of picture text -----
==> picture [420 x 588] intentionally omitted <==
----- Start of picture text -----
1 Accounting policies
Charity information
Exeter Hindu Cultural Centre Limited is a private company limited by guarantee incorporated in England and Wales.
The registered office is Staddlestones, Glenthorne Road, Exeter, Devon, EX4 4QU.
1.1. Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act
2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities
SORP "Accounting and Reporting by Charities: Statement of Recommerded Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {(FRS
102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts ir
these financial staternents are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies
adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to
adopt the going concern basis of accounting in preparing the financial statements.
1.3. Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
14 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the
amounts can be neasured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the
donation, unless performance conditions require deferral of tre amount. Income tax recoverable in relation to donations
received under Gift Aid or deeds of covenant is recognised at the time of receipt.
1.5 Expenditure
Expenses are included in the financial statements as they become due.
Expenses include VAT where applicable as the company cannot reclaim it.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation
and any impairment losses.
-6-
----- End of picture text -----
EXETER HINDU CULTURAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
==> picture [43 x 9] intentionally omitted <==
----- Start of picture text -----
(Continued)
----- End of picture text -----
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings and equipment 25% straight line
Website costs
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cashand cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest metiod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amaortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using tre effective interest method.
==> picture [13 x 7] intentionally omitted <==
----- Start of picture text -----
-7-
----- End of picture text -----
EXETER HINDU CULTURAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services ave received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and “uture periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Total | |
|---|---|---|
| funds | ||
| 2025 | 2024 | |
| £ | £ | |
| Donations from individuals and organisations | 13,888 | 5,358 |
| Donations at prayer meetings | 553 | 1,451 |
| Donations from events and festivals | 6,706 | 6,653 |
| Membership fees | 1,855 | 465 |
| 23,002 | 13,92¢ |
| 4 | Income | from investments | ||
|---|---|---|---|---|
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Interest | receivable | 4,694 | 5,057 |
-8-
EXETER HINDU CULTURAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
§ Raising funds
==> picture [421 x 235] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Total|
|funds|
|2025|2024|
|£|£|
|Fundraising|and|publicity|
|Fundraising|agents|-|508|
|Meeting|room|costs|639|414|
|Other fundraising|costs|1,958|312|
|Depreciation|and|impairment|557|557|
|Fundraising|and|publicity|3,154|1,791|
|3,154|1,791|
|6|Net|movement|in|funds|2025|2024|
|£|£|
|The|net|movement|in|funds|is|stated|after|charging/(crediting):|
|Depreciation|of owned|tangible|fixed|assets|557|557|
----- End of picture text -----
7 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
a Employees
The average monthly number of employees during the year was:
==> picture [399 x 72] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Number|Number|
|Total|0|0|
|There|were|no|employees|whose|annual|remuneration|was|more|than|£60,000.|
----- End of picture text -----
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
-9-
EXETER HINDU CULTURAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
10 = Tangible fixed assets
| 10 | = Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Fixtures, fittings | Website costs | Total | |||
| and equipment | |||||
| £ | £ | £ | |||
| Cost | |||||
| At 1 July 2024 | 3,359 | 273 | 3,632 | ||
| At 30 June 2025 | 3,359 | 273 | 3,632 | ||
| Depreciation and impairment | |||||
| At 1 July 2024 | 2,621 | 273 | 2,894 | ||
| Depreciation charged in the year | 557 | - | 557 | ||
| At 30 June 2025 | 3,178 | 273 | 3,451 | ||
| Carrying amount | |||||
| At 30 June 2025 | 181 | - | 181 | ||
| At 30 June 2024 | 738 | - | 738 | ||
| 11 | Debtors | ||||
| 2025 | 2024 | ||||
| Amounts falling due within one year: | £ | £ | |||
| Other debtors | 2,845 | 2,845 | |||
| 12. | Unrestricted funds | ||||
| At 1 July 2024 | Incoming | ResourcesAt 30 June 2025 | |||
| resources | expended | ||||
| £ | £ | £ | £ | ||
| General funds | 107,828 | 27,696 | (3,154) | 132,370 | |
| Previous year: | At 1 July 2023 | Incoming | ResourcesAt 30 June 2024 | ||
| resources | expended | ||||
| £ | £ | £ | £ | ||
| Generalfunds | 90,635 | 18,984 | (1,791) | 107,828 |
The Trustees propose to set aside £129,000 of the funds to buy land and construct a Hindu Cultural Centre. These funds will not be used for any other purpose. These funds can be invested on a short term basis to earn a return.
The Trustees believe that this is the best way to use the funds to benefit the charity and its members. The Cultural Centre will provide a valuable asset for the community.
-10-
EXETER HINDU CULTURAL CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
13 —-Related party transactions
There were no disclosable related party transactions during the year (2024 - none}.
==> picture [17 x 7] intentionally omitted <==
----- Start of picture text -----
-1-
----- End of picture text -----
This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.