**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:
1. 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
3. 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