Registered number: 1180226
HINDUISM SPIRITUAL WELFARE ORGANISATON DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
HINDUISM SPIRITUAL WELFARE ORGANISATON Director's Report and Unaudited Financial Statements For The Year Ended 31 December 2022
Contents
| Page | |
|---|---|
| Director's Report | 1 |
| Income and Expenditure Account | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4—5 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 6 |
HINDUISM SPIRITUAL WELFARE ORGANISATON Company No. 1180226 Director's Report For The Year Ended 31 December 2022
The director presents his report and the financial statements for the year ended 31 December 2022.
Directors
The director who held office during the year were as follows: Shashi Panday
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Shashi Panday Director
18/12/2023
Page 1
HINDUISM SPIRITUAL WELFARE ORGANISATON Income and Expenditure Account For The Year Ended 31 December 2022
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2022 £ 11,483 (934) 10,549 (1,891) 8,658 |
2021 £ 1,774 (650) |
|---|---|---|
| 1,124 (741) |
||
| 383 |
The notes on pages 4 to 5 form part of these financial statements.
Page 2
HINDUISM SPIRITUAL WELFARE ORGANISATON Balance Sheet As At 31 December 2022
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2022 £ £ 1,374 1,374 20,571 20,571 20,571 21,945 21,945 21,945 21,945 |
2022 £ £ 1,374 1,374 20,571 20,571 20,571 21,945 21,945 21,945 21,945 |
2021 £ £ - - 13,287 13,287 13,287 13,287 13,287 13,287 13,287 |
2021 £ £ - - 13,287 13,287 13,287 13,287 13,287 13,287 13,287 |
|---|---|---|---|---|
| 1,374 20,571 |
- 13,287 |
|||
| 20,571 | 13,287 | |||
| 21,945 | 13,287 | |||
| 21,945 | 13,287 | |||
| 21,945 | 13,287 | |||
| 21,945 | 13,287 |
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Shashi Panday
Director
18/12/2023
The notes on pages 4 to 5 form part of these financial statements.
Page 3
HINDUISM SPIRITUAL WELFARE ORGANISATON Notes to the Financial Statements For The Year Ended 31 December 2022
1. General Information
HINDUISM SPIRITUAL WELFARE ORGANISATON is a private company, limited by guarantee, incorporated in England & Wales, registered number 1180226. The registered office is 36A Birmingham Road, Perry Barr, Birmingham, West Midlands, B43 6NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2021: NIL)
4. Tangible Assets
| Cost As at 1 January 2022 Additions As at 31 December 2022 Depreciation As at 1 January 2022 Provided during the period As at 31 December 2022 Net Book Value As at 31 December 2022 As at 1 January 2022 |
Computer Equipment £ - 1,718 |
|---|---|
| 1,718 | |
| - 344 |
|
| 344 | |
| 1,374 | |
| - |
Page 4
HINDUISM SPIRITUAL WELFARE ORGANISATON Notes to the Financial Statements (continued) For The Year Ended 31 December 2022
5. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5
HINDUISM SPIRITUAL WELFARE ORGANISATON Detailed Income and Expenditure Account For The Year Ended 31 December 2022
| TURNOVER Donations COST OF SALES Food and subsistence expenses GROSS SURPLUS Administrative Expenses Travel and subsistence expenses Rates Computer software, consumables and website Accountancy fees Depreciation of computer equipment OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2022 £ £ 11,483 934 (934) 10,549 1,093 163 51 240 344 (1,891) 8,658 |
2022 £ £ 11,483 934 (934) 10,549 1,093 163 51 240 344 (1,891) 8,658 |
2021 £ £ 1,774 650 (650) 1,124 - - 491 250 - (741) 383 |
2021 £ £ 1,774 650 (650) 1,124 - - 491 250 - (741) 383 |
|---|---|---|---|---|
| 1,093 163 51 240 344 |
- - 491 250 - |
|||
| 10,549 (1,891) |
1,124 (741) |
|||
| 8,658 | 383 |
Page 6