HINDU FORUM BRITAIN CHARITY
TRUSTEES' REPORT
AND
FINANCIAL STATEMENTS
YEAR ENDED
31-Mar-24
REGISTERED NO. 1171005 (ENGLAND AND WALES)
HINDU FORUM BRITAIN CHARITY
C O N T E N T S
| PAGE | |
|---|---|
| CHARITY INFORMATION | 1 |
| TRUSTEES' REPORT | 2-3 |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES | 4 |
| INDEPENDENT EXAMINER'S REPORT | 5 |
| STATEMENT OF FINANCIAL ACTIVITIES | 6 |
| BALANCE SHEET | 7 |
| ACCOUNTING CONVENTIONS AND ACCOUNTING POLICIES | 8 |
| NOTES TO THE FINANCIAL STATEMENTS | 9 |
HINDU FORUM BRITAIN CHARITY
CHARITY INFORMATION
LEGAL NATURE: FOUNDATION CHARITABLE INCORPORATED ORGANISATION (CIO) DATE CHARITY INCOPORATED: 5 January 2017 DATE CHARITY REGISTERED: 5 January 2017 CHARITY NUMBER: 1171005 (England and Wales) TRUSTEES/MEMBERS: DEVSHI CHOTHANI TRUPTI PATEL CHARITY OFFICE: VASCROFT CONTRACTORS LTD UNIT 1 VASCROFT ESTATE 861 CORONATION ROAD LONDON NW10 7PT BANKERS: HSBC 50-52 KILBURN HIGH ROAD KILBURN LONDON NW6 4HJ HONORARY INDEPENDENT EXAMINER: PRAKASH RAGHVANI CHARTERED CERTIFIED ACCOUNTANT 7 IRK VALE DRIVE OLDHAM OL1 2TW
Page 1
HINDU FORUM BRITAIN CHARITY
Year Ended 31 March 2024
TRUSTEES' REPORT
The Trustees present their report and accounts for the year ended 31 March 2024.
This report is prepared in accordance with the Association’s constitution, the Charities Act 2011 and the Charities SORP (FRS 102) – Update Bulletin 2 issued in October 2018.
Objects
The objects of the charity are as follows:
-
1) To advance the Hindu Religion in Britain for the benefit of the public through holding of prayer meetings, lectures, public celebrations of religious festivals, producing and/or distributing literature on the Hindu Religion to enlighten others about the Hindu Religion.
-
2) To advance the education of the public in the history, culture and traditions of the Hindu Religion through social and other media and educational and relgious events. To further or benefit the residents of britain without distinctions of sex, sexual orientation, race or of political, religious, or other opinions by associating together the said residents and local authorities, voluntarily and other organisations in a common effort to advance enducation for the residents of Britain.
-
3) The promotion of religious and racial harmony to reduce conflict between people from differing races or religious belief systems, eliminate discrimination and support diversity in society.
-
4) The promotion of health and wellbeing through the organisation of Yoga and other physical activity sessions; the dissemination of information to promote physical and mental health.
Public Benefit
The trustees believe that, in providing the various religious and other events free of charge to the participants that they do provide, they are fulfilling their public benefit obligations as required under the Section 4 of the Charities Act 2011 and the subsequent guidance published by the Charity Commission.
Board Organisation
The trustees of the charity are the two founding members listed on page 1. In future, further members may be added, by invitation from the existing trustees The trustees meet as a Board on a regular basis to plan the various religious and other events and to supervise the successful execution of those plans.
Review of Activities
The trustees successfully provided, as planned and with the help of a dedicated team of volunteers, various events throughout the year, which were well supported and at no cost to the participants.
Page 2
HINDU FORUM BRITAIN CHARITY
Year Ended 31 March 2024
TRUSTEES' REPORT CONTINUED
Financial Review
The charity achieved in the a overall lodd of £22 (2023: Loss £6,409)
Achievement
A number of events took place during the year, all organised at limited cost to the charity.
The charity collaborated with the NHS to support research initiatives, provide community education on various health and safety topics, and raise awareness. It also delivered training for temples on sustainability and environmental management in partnership with LEAP.
The charity also participated in interfaith events, including the Commonwealth Service at Westminster Abbey and the Diwali celebration at the House of Commons.
Reserves and Reserves Policy
The trustees intend to hold the reserves of just over £5,000 as cover for any possible costs associated with events planned to be staged in 2024/2025.
Investment Policy
In view of the above reserves policy, for the time being, the trustees plan to hold the charity's funds with its bankers for ease of access.
Risk Management
The trustees have undertaken a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks.
Future Plans
The trustees plan to provide a similar series of events in 2024/2025 as they did prior years.
Trustees' Declaration
In accordance with charity law, as trustees, we certify that:-
So far as we are aware, there is no relevant information of which the charity's independent examiner is unaware. We have taken all the steps necessary that we ought to have taken in order to make ourselves aware of any relevant financial information and to establish that the charity's independent examiner is aware of that information.
Approval
This report was approved by the Trustees on 14 January 2025 and signed on their behalf.
Signature: …………………………………………….
Printed Name: DEVSHI CHOTHANI Trustee
Page 3
HINDU FORUM BRITAIN CHARITY
Year Ended 31 March 2024
Trustees' responsibilities in relation to the Financial Statements
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the year and of its financial position at the year end. In preparing those financial statements, the trustees are required:
-
to select suitable accounting policies and then apply them consistently;
-
to make judgements that are reasonable and prudent;
-
to state whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements; and
-
to prepare the financial statements on the on-going concern basis unless it is inappropriate to presume the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
In respect of the independent examination, the trustees have a responsibility to ensure that they take all steps necessary in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF HINDU FORUM BRITAIN CHARITY
Year Ended 31 March 2024
Independent Examiner’s Report to the Trustees on the Financial Statements
I, Prakash Raghvani, report on the Financial Statements of the charity for the year ended 31 March 2024 as set out on pages 6 and 7 together with the notes on pages 8 and 9.
Respective responsibilities of the Trustees and the Examiner
The charity’s trustees are responsible for the preparation of the Financial Statements. 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 as the Independent Examiner:
-
to examine the Financial Statements 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);
-
to state whether particular matters have come to my attention.
Basis of the Independent Examiner’s statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements and seeking explanation from you as 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 Financial Statements present a "true and fair" view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination no material matters have come to my attention which gives me cause to believe that, in any material respect,
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the Financial Statements did not accord with the accounting records; or
-
the Financial Statements did not comply with the applicable requirements concerning the form and content of 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 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.
…………………………………………….
Date: 14/01/2025
PRAKASH RAGHVANI CHARTERED CERTIFIED ACCOUNTANT 7 IRK VALE DRIVE OLDHAM OL1 2TW
Page 5
HINDU FORUM BRITAIN CHARITY
STATEMENT OF FINANCIAL ACTIVITIES Year Ended 31 March 2024
| UNRESTRICTED FUNDS 2024 NOTES £ INCOMING RESOURCES FROM: Charitable Activities 0 Other Sources 3 7708 7,708 RESOURCES EXPENDED ON: Raising Funds 0 Charitable Activities 4 7730 7,730 SURPLUS FOR THE PERIOD -22 FUNDS BROUGHT FORWARD 8,583 FUNDS CARRIED FORWARD 8,562 |
2023 £ 0 0 |
|---|---|
| 0 | |
| 0 6409 |
|
| 6,409 | |
| -6,409 14,992 8,583 |
Page 6
HINDU FORUM BRITAIN CHARITY
| BALANCE SHEET AS AT 31 MARCH 2024 CURRENT ASSETS Debtors Cash at Bank LESS: CURRENT LIABILITIES Creditors NET ASSETS REPRESENTED BY: General Fund |
2024 2023 £ £ 0 0 8,562 8,583 8,562 8,583 0 0 8,562 8,583 8,562 8,562 |
|---|---|
Page 7
HINDU FORUM BRITAIN CHARITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1 Accounting Conventions
1.1 BASIS OF PREPARATION
The Financial Statements have been prepared under the historical cost convention and in accordance with the Charities (Accounts and Reports) Regulations 2008, the Charities Act 2011 and the Charities SORP (FRS 102) - Update Bulletin 2 issued in October 2018.
1.2 GOING CONCERN CONCEPT
The Financial Statements have been compiled on the assumption that the charity will be a goingconcern for at least twelve months from the date of this report.
1.3 SOFA MINOR MODIFICATION
The trustees have opted to modify the SOFA slightly by grouping all incoming resources, other than those derived from Charitable Activities, under the generic heading "Other Sources" in order to avoid any potential confusion that could arise from the use of the heading "Donations and Legacies".
2 Accounting Policies
2.1 INCOME
-
a) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included.
-
b) Grants, including any grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
2.2 EXPENDITURE
-
a) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
-
b) Resources expended are allocated to the particular activity where the cost relates directly to that activity.
2.3 FUNDS
-
a) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.
-
b) Designated funds are unrestricted funds which have been specifically earmarked by the executive committee for particular purposes.
-
c) Restricted funds are funds to be used for specific purposes as laid down either by the donor or by the terms of the appeal. Expenditure which meets these criteria is charged to those funds.
Page 8
HINDU FORUM BRITAIN CHARITY
YEAR ENDED 31 MARCH 2024
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
| NOTE 3 INCOMING RESOURCES FROM OTHER SOURCES Donation Grant 4 RESOURCES EXPENDED ON CHARIATABLE ACTIVITIES DIRECT COSTS Event Expense ADMINISTRATIVE COSTS Insurance |
2024 £ 7,708 0 7,708 £ 7,730 7,730 0 0 |
2023 £ 0 0 |
|---|---|---|
| 0 £ 6,409 |
||
| 6,409 344 |
||
| 344 |
Page 9