REGISTERED CHARITY NUMBER: 1168521
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
SHREE HANUMAN TEMPLE
TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
SHREE HANUMAN TEMPLE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Trustees' Report | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
SHREE HANUMAN TEMPLE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement 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 advancement of the Hindu religion in accordance with the Principles and Teaching of lord Swaminarayan and Doctrine by Laxmi Narayan Dev Temple, Vadtal.
ACHIEVEMENT AND PERFORMANCE
From April 2023, we have employed two part time staff to help manage the day-to-day affairs of the temple as visitor numbers throughout each of the year have been increasing.
All festivals & events held at the temple were well attended during the year culminating in our first 'Holi Festival' in March of 2024 which was celebrated on the Rushey Fields Recreation Ground just behind the temple buildings. Our online following has seen steady growth in the year across all our social media channels. We continue to strive to improve & modernise our facilities to enhance the visitor experience.
FINANCIAL REVIEW
Healthy revenues continued even through the difficult economic climate with increased costs for gas & electricity. We have reduced our liabilities considerably from when the temple opened & we hope to continue to improve our overall position going into the future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1168521
Principal address
299 Melton Road Leicester LE4 7AN
Trustees
Rajesh Patel - Chairman Kalpeshkumar Patel Rakeshprasad M Pande Suresh Patel Nautamprakashdas G V Charandas Hasmukh Vadher Rajeshkumar Patel Sant V Swami Devprakashdasji S G N C Swami Suryaprakashdas Sadhu
Independent Examiner
TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
Approved by order of the board of trustees on 30 January 2025 and signed on its behalf by:
Rajesh Patel - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE HANUMAN TEMPLE
Independent examiner's report to the trustees of Shree Hanuman Temple
I report to the charity trustees on my examination of the accounts of Shree Hanuman Temple (the Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
J Dennis
TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
30 January 2025
Page 2
SHREE HANUMAN TEMPLE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 219,612 Other trading activities 3 497 Total 220,109 EXPENDITURE ON Raising funds 139,353 Charitable activities 4 GENERAL 33,495 Total 172,848 NET INCOME 47,261 RECONCILIATION OF FUNDS Total funds brought forward 591,124 TOTAL FUNDS CARRIED FORWARD 638,385 |
Restricted fund £ - - - - - - - - - |
2024 Total funds £ 219,612 497 220,109 139,353 33,495 172,848 47,261 591,124 638,385 |
2023 Total funds £ 198,843 376 |
|---|---|---|---|
| 199,219 | |||
| 116,182 82,650 |
|||
| 198,832 | |||
| 387 590,737 |
|||
| 591,124 |
The notes form part of these financial statements
Page 3
SHREE HANUMAN TEMPLE
BALANCE SHEET 31 MARCH 2024
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
2024 £ 591,947 2,487 79,798 82,285 (35,847) 46,438 638,385 638,385 638,385 638,385 |
2023 £ 604,001 9,662 110,557 120,219 (133,096) (12,877) 591,124 591,124 591,124 591,124 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 January 2025 and were signed on its behalf by:
Rajesh Patel - Trustee
The notes form part of these financial statements
Page 4
SHREE HANUMAN TEMPLE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years and nil Fixtures and fittings - 20% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 5
continued...
SHREE HANUMAN TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
2. DONATIONS AND LEGACIES
| Donations Gift aid |
2024 £ 203,527 16,085 219,612 |
2023 £ 175,929 22,914 |
|---|---|---|
| 198,843 |
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
3. OTHER TRADING ACTIVITIES
4.
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Other income | 497 | 376 | |
| CHARITABLE ACTIVITIES COSTS | |||
| Direct | Support | ||
| Costs | costs | Totals | |
| £ | £ | £ | |
| GENERAL | 15,662 | 17,833 | 33,495 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 198,843 Other trading activities 376 Total 199,219 EXPENDITURE ON Raising funds 116,182 Charitable activities GENERAL 82,650 Total 198,832 NET INCOME 387 Transfers between funds 12,500 Net movement in funds 12,887 |
Restricted fund £ - - - - - - - (12,500) (12,500) |
Total funds £ 198,843 376 |
|---|---|---|
| 199,219 | ||
| 116,182 82,650 |
||
| 198,832 | ||
| 387 - |
||
| 387 |
Page 6
continued...
SHREE HANUMAN TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund £ RECONCILIATION OF FUNDS Total funds brought forward 578,237 TOTAL FUNDS CARRIED FORWARD 591,124 7. TANGIBLE FIXED ASSETS Fixtures Freehold and property fittings £ £ COST At 1 April 2023 601,761 15,413 Additions - 3,608 At 31 March 2024 601,761 19,021 DEPRECIATION At 1 April 2023 12,035 2,336 Charge for year 12,035 3,232 At 31 March 2024 24,070 5,568 NET BOOK VALUE At 31 March 2024 577,691 13,453 At 31 March 2023 589,726 13,077 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors |
Restricted fund £ 12,500 - Computer equipment £ 1,198 - 1,198 - 395 395 803 1,198 2024 £ 2,487 2024 £ 1,243 223 34,381 35,847 |
Total funds £ 590,737 591,124 Totals £ 618,372 3,608 621,980 14,371 15,662 30,033 591,947 604,001 2023 £ 9,662 2023 £ 1,840 - 131,256 133,096 |
Total funds £ 590,737 |
|---|---|---|---|
| 591,124 |
Page 7
continued...
SHREE HANUMAN TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| £ | £ | £ | £ | ||
| Fixed assets | 591,947 | - | 591,947 | 604,001 | |
| Current assets | 82,285 | - | 82,285 | 120,219 | |
| Current liabilities | (35,847) | - | (35,847) | (133,096) | |
| 638,385 | - | 638,385 | 591,124 | ||
| 11. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.4.23 | in funds | 31.3.24 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 591,124 | 47,261 | 638,385 | ||
| TOTAL FUNDS | 591,124 | 47,261 | 638,385 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 220,109 | (172,848) | 47,261 | ||
| TOTAL FUNDS | 220,109 | (172,848) | 47,261 | ||
| Comparatives for movement in funds | |||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.4.22 | in funds | funds | 31.3.23 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 578,237 | 387 | 12,500 | 591,124 | |
| Restricted funds | |||||
| RESTRICTED | 12,500 | - | (12,500) | - | |
| TOTAL FUNDS | 590,737 | 387 | - | 591,124 | |
| Comparative net movement in funds, included in the above are as | follows: | ||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 199,219 | (198,832) | 387 | ||
| TOTAL FUNDS | 199,219 | (198,832) | 387 |
Page 8
continued...
SHREE HANUMAN TEMPLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds RESTRICTED TOTAL FUNDS |
At 1.4.22 £ 578,237 12,500 590,737 |
Net movement in funds £ 47,648 - 47,648 |
Transfers between funds £ 12,500 (12,500) - |
At 31.3.24 £ 638,385 - |
|---|---|---|---|---|
| 638,385 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 419,328 | (371,680) | 47,648 |
| TOTAL FUNDS | 419,328 | (371,680) | 47,648 |
12. RELATED PARTY DISCLOSURES
There are Trustees who are also shareholders of Alpha Electrics Ltd. Alpha Electrics Ltd donated £nil (2023: £nil) to the charity during the year.
Total donations and loans received from Trustees amounted, in aggregate, to £nil (2023: £nil).
Page 9
SHREE HANUMAN TEMPLE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Other trading activities Other income Total incoming resources EXPENDITURE Raising donations and legacies Advertising Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Repairs & maintenance Donations paid Charitable expenditure Catering Packaging Travel & subsistence Car parking Cleaning Security services Hire of furniture Musical instruments IT software Training Loss on exchange currency Other trading activities Wages Pensions Charitable activities Freehold property Fixtures and fittings Computer equipment Support costs |
2024 £ 203,527 16,085 219,612 497 220,109 3,426 - 1,933 13,408 1,317 7,005 1,024 23,454 11,546 7,358 5,231 3,644 11,687 3,900 738 1,674 3,123 375 1,558 252 3,598 106,251 32,500 602 33,102 12,035 3,232 395 15,662 |
2023 £ 175,929 22,914 |
|---|---|---|
| 198,843 376 |
||
| 199,219 2,834 5,784 1,540 5,738 1,679 11,877 4,948 15,773 15,662 4,622 6,856 2,945 25,645 1,500 - 972 7,807 - - - - |
||
| 116,182 - - |
||
| - 12,035 1,514 - |
||
| 13,549 |
This page does not form part of the statutory financial statements
Page 10
SHREE HANUMAN TEMPLE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Support costs Finance Bank charges Governance costs Accountancy fees Planning consultants Consultancy fees Bookkeeping fees Total resources expended Net income |
2024 £ 335 3,430 641 13,127 300 17,498 172,848 47,261 |
2023 £ 413 2,850 6,051 55,387 4,400 |
|---|---|---|
| 68,688 | ||
| 198,832 | ||
| 387 |
This page does not form part of the statutory financial statements
Page 11