Trustees’ Annual Report for the period
From 01.04.2022 Period start date To 31.03.2023 Period end date
Charity name: Bedford Hindu Temple and Community Trust
Charity registration number: 1185539
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the Bedford Hindu Temple and Community Trust are: To advance the Hindu religion, by the provision of a place of worship for the Hindu Community – Shiva Temple. Activities will include: • raising awareness and understanding of religious beliefs and practices • carrying out religious devotional acts • carrying out missionary and outreach work • the provision of places for the community to use for cultural activities • the provision of places for the community to use for health and wellbeing activities. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Our charity has accomplished its primary goal of establishing the only Hindu temple in Bedford. For the benefit of the community, we are now regularly performing most of the poojas in the Hindu calendar and encouraged the members of Hindu community in and around Bedford to participate in the Hindu events. With the community hall getting ready shortly, it will be ready for use of for additional community related activities such as health and education, yoga, meditation etc. We have set up a community connect group to handle outreach and missionary activities such as food donation and charity events ( which were kept on hold pending completion of phase 1). |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have ‘had regard’ and perused the guidance issued by the Charity Commission on public benefit in all decisions that was made by the charity. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | No grants were made during the period . |
| Policy on social investment including program related investment |
Para 1.38 | As per the aims and objectives of the charity all investment and facilities thus far have been focussed on the social benefits to the community not only in Bedford but also surrounding areas. |
| Contribution made by volunteers |
Para 1.38 | Volunteers in our community have been the main strength to our charity. Whatever funds have been raised have been solely from the contributions from our community members. Volunteers have been very active in organising events, assisting in temple events and form the core of our organisation. |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Our charity has fulfilled its primary goal of setting up and running the only Hindu Shiva temple in Bedford for the benefit of the community not only in Bedford but also to the community at large. Community members are immensely benefitted from the various religious and social events increasing awareness and understanding of religious beliefs and practices and increased social interaction leading to general wellbeing. |
Additional information (optional)
You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41
| set | ||
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | BHT raised money through charitable donation (monthly donation, one off donation and Hundi donation) and by fund raising events ( religious activities and cultural events) Charitable Donations: Regular donors - £41,274 Donation Lumpsum -£ 7,848 Small contactless donations- £ 2,399 Oferings-Donation Box£ 9,085 Donations-Fund raising events -£ 1,992 Total Charitable Donations - £62,598 Interest Income -£ 432 Gift Aid Reimbursement- £15,264 Total funds raised - £78,294 |
|
|---|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Surplus funds of £ 33,550 generated during the year have been added to reserves and retained which the trustees hope will be a fall back option in case of unforeseen expenses or reduction in income for the charity. |
|
| Amount of reserves held | Para 1.22 | Book reserves £110,712 up to 31.03.23 | |
| Reasons for holding zero reserves |
Para 1.22 | N/A | |
| Details of fund materially in deficit |
Para 1.24 | N/A | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Trustees do not foresee any uncertainties. |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
Our charity’s main source of funding is donations from our community. Some funds are also raised through community events |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 |
Other( Report of serious There are no serious incidents that we incidents ) have not reported to you.
Structure, Governance and Management
| Description of charity’s trusts: |
Bedford Hindu Temple and Community Trust | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The Charity is constituted as a CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Appointment of charity trustees (1) Apart from the first charity trustees, every trustee must be appointed for a term of one year by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Bedford Hindu Temple and Community Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1185539 |
| Charity’s principal address | 5, Peel Street, Bedford MK40 2HX U.K. |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Harve Swamynathan | Chairperson | Bedford Hindu Temple and CommunityTrust |
||
| Dr. Venkataramana Murty Vusirikala |
Vice Chairperson | Bedford Hindu Temple and CommunityTrust |
||
| Gunapalan Valaiyapathi |
Treasurer | Bedford Hindu Temple and CommunityTrust |
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| Banumathy Murali | Bedford Hindu Temple and CommunityTrust |
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| Dr. Kannan Neelagiri | Bedford Hindu Temple and CommunityTrust |
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| Dr. Raj Kathane | Bedford Hindu Temple and CommunityTrust |
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– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Harve Swamynathan
Position (eg Secretary, Chairperson Chair, etc)
Date
CHARrrY REGISTRATION NUMBER: 1185539 Bedford Hindu Temple and Communlty Trust Financial Statements 31 March 2023 £icefJccountants Excel House 3 Duke Street Bedlord. PAk40 3HR 01234 8605
Bedford Hindu Temple and Community Trust Flnancial Statements Year ended 31 March 2023 Pag• Trustees. annual report Independenl auditorfs report to the members Statement of financial activities Statement of financial position Statement of cash flows 10 Notes to the financial slatements 11
Bedford Hindu Temple and Community Trust Trustees. Annual Report Year ended 31 March 2023 The trustees present Iheir rep and the fina[la1 statements of the charity for the year ended 31 March 2023. Reference and admlnlstratlve d•tsll$ Roglstered charlty namo Bedlord Hindu Temple and Communty Trust Charfty rnglstratlon numb•r 1185539 Prlnclpal offlco 5 Peel Street Bedford 8edfordshire MK40 2HX Tho tru*te•s Mr H Swamynathan Dr R Kalhane Dr K Neelagirl Mr B Murali Mr G Valaiyapathl Dr V Vusirikala Ac¢ountants Excd ACntants Bets Ltd Structur•• gov•fnanc• and manag•m•nt Appointment of charity tru$toes 111 Apart from the first charity trustees, 8very trustee musl be appointed for a terni of one year by a resdulion pa$$¢d at a properly convened meeting of th6 charity Iruslee$. 121 In selecting individuals for appointment as charity Iruslees, the charity IN$lees musl have regard to the skills, kntyedge and experience needed for the effective administration of th8 CIO
Bedford Hindu Temple and Community Trust Trustees. Annual Report {wJthu• Year ended 31 March 2023 ObJectlv•s and actlvltlas The obJe¢l$ of the Bedford HirKlu Temple arKI Community Trusl are.. To advan¢e the Hindu religion, by the provision of a place of worship for the Hindu Cofflmunty- Shrva Temple. Activities will include.. o raising awareness and understanding ol relvJk)us bel arKI o carying out religious devollonal acts o carrying out missionary and outreach thfyyk o the provision of a¢eS for the communty to use for cultufal actNiS o the provision of places for the community lo use for health and wellbeing actNilies Achl•v•m•nt• and p•rformanc• Our charity has accom l$hed As primary goal of eslablishirKJ the only Hindu temple in Bedford. For the benefit of the communrty, we aTr now regularfy performing most of the poojas In the Hindu calendar and encouraged the members of Hin(iu community in and around Bedford lo participale in the Hindu events. With the ¢ommunity hall getting ready SIy. it will be ready for use of for additional community related actfvitles such as health aThJ education. yoga, mediialion et¢. We have sel up a community connect group lo handle outreach and missK)nary activities such as food donatlon and charity events ( which were kept on hold pending Completft of phase 1). Flnanclal r•vl•w BHT raised money through charrtable donations and by fund raising events{r6ligious actfvttie8, key workers meal donation. Heritage tours and by Karaoke npJht. 8HT is holding the surplus generated as reserve to invest in a permanent sAace for BHT that could not be met from fvlure income and also lo manage unforeseen finarla1 drfficullles lo ben8fici8ries, funders and the public In fvture BHT alm lo focus on women'$ health, involve in looking after the community mental health. arts and craft for children, Yoga for all age groups. Al this moment BHT do not have any uncertainty of any concem. as BHT have feasible Statement of Recommended Practice{SORP).' and also have some reseTre to face unforeseen financial crisis. Trustees, support each other in gNen tsrgel also involve in miew and re-review until it gels accompllshed. BHT trustees have follow Ihe key in their prOS are eaty preparatlon. engagement honesty and communication. BHT raised moMy through charitable donallon {monthly donation. one off donalton and Hundi donation) and by fund rarsirwJ events (relpJious actfvrtie$. Key workers meal donation) Tru$toos' re8pon$lbllltle• slat•mfynt The trustees are SPOnsible for prepariro the trustees. report and the financial st8temenls in a¢¢ordance with applicable law and Unrted lQngdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting PractKe).
Bedford Hindu Temple and Community Trust Trustees. Annual Report{e¢nfrn Year ended 31 March 2023 The law aPpIable lo charities in England an¢J Wales requires the charity trusle8s lo prepare financial slalemenls for each year which give a true and fair vthv of the stale of affairs of th8 chanty and of the Incoming resources and application of resources. of the eharty for that period. In preparing these finaneial statements, the Iruslees a required lo.. select sultsble accounting pdicies and then appty th8m corls1nty.' observe the methods and principle5 in the applicable CharIt9 SORP., make judgments and aOUntIng 8Stimales that a reasonable and prudent: slate whether applicable UK Accounting Standards have been follo**d, subject to any ma18rial departu$ disdosed and explalned in the financial stalemenls. prepare the financlal statements on going concern basis unless il 15 inappropriate to presume that the charity will continue In buslness. The trustees are responsitAe for k8epirKJ adequate accounting records that are Sufficient lo show and explain the charty's Iransacllons 8nd disclose wrth reasonable accJJra¢y al any time the financlal position of the chanty and enable them to ensure Ihal the finan¢ial statements comply with the Charllles Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trusl Deed. They are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps lor the pffjventK)n and detection of fraud and olhor irregularities. The Irusle8s' annual report wa$ approved on 21 July 2023 and slgned on behaff of the board of Iruslees by.. amynalhan Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Bedford Hindu Templ• and Communlty Trust ON ACCOUNTS FOR THE YEAR ENDED 31 March 2023 RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's tru5tee5 consider that an audit is not required for this year (under Section 43121 of the Charltles Act 1993 (the Act)) and that an independent examination is needed. It is my SponsIbl11ty to examine the accounts (under section 43 of the Act}. to follow the procedures laid down in the General Directlons given by the Charity Commission (under section 4317llbl of the Act), and to state whether partlcular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examlnation was carrled out In accordance with General Dlrertions given by the Charity Commissioners. An examinaiion includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures in the account5, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit. and consequentty I do not express an audlt oplnion on the accounts. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination. no matter has come to my attention 1. whlch glves me reasonable cause to believe that in. any material respert, the Iwstees have not met the requirements lo ensure thal '. proper accounting records are kept (in accordance with sectK>n 41 of the Act); and . a¢u)unts are prepared whi¢h vlilh th8 acujunting roKd$ and comply with the accounting requirements of the Act: or 2. To which. in my opinion, attention should be drawn in Ofder to enable a proper understandin8 of the accounts to be reached.
EXCEL ACCOUNTAIs IBEDS) LTD Excel House 3 Duke Street B•dford Bgds MK40 3HR Date......... a.8.L.. (13
Bedford Hindu Temple and Community Trust Slatement of Financial Actlvitles Year ended 31 March 2023 2023 Unrestricted fund$ Total funds Incom• and ondowments Donations and legacies Other trading activities Investment income 75.870 1.992 432 75,870 1.992 432 Totsl Income 78.294 78,294 Expendltur• Expendilura on raising fijnds.. Costs of raising donattons and legaues Total •xp•ndlturo 44.771 44,771 44.771 44,771 N•t In¢omo and not mov•m•nl In funds 33.523 33,523 Roconclllatlon of funds Total fijnds broughl forward Total fund• rrI¢d loard 77,262 77,262 110,785 110.785 The Stalemonl of financial actfvlt$ include8 811 gains losses recognised In the year. All Income and expenditure derlve from conlinuing activllbs. Th• n*)tss on p•ys 11 to 15 forni port olth•M fincIal 8tat•monts.
Bedford Hindu Temple and Community Trust Statement of Flnancial Position 31 March 2023 2023 Flx8d assets Tangible fixed assets 10 17,167 Current assats Cash al bank and in hand 93,927 Credltors: amounts falllng due wlthln on• y•ar Not Current a8sets 11 309 93,618 110.785 Total 801088 currènt Il¥bllltl•8 Funds of thfr ¢harlty Unrestricted funds 110,785 Total charlty funds 12 110,785 These flnancial statements were approved by the board of trustees and authorlsed for issuè on 21 July 2023, and are signed on behalf of the board by.. Mr H Swamynalhan Trustee Th• notss on pages 1110 15 fomi p4rt of these finandal ¥t*temfrnts.
Bedford Hindu Temple and Community Trust Stat•m•nt of Cash Flows Year ended 31 March 2023 2023 Cash flows from opgrating actlvltles Nel income 33,523 Adjustments fv." Other interest rec•ivable and simllar income {432} Ch8nges in.. Trad¢ and olher creditors 309 Cash generated from operations 33.400 Interest recelved 432 Net cash from opwating ac1iv1tS 33,832 Cash flow• from Inve8llng a¢tlvltl•8 Purchase of larffJible assets Net ¢a$h uséd In Investiry activitles {4,4441 14,4441 N•t Incrw• In ¢ash and ca•h equlval•nts C8•h and cash wulval•nts at btylnnlng of y•ar Cash and ch •qulv•l•nts at •nd of year 29,388 29.388 The note8 on pag•s 11 to 15 f•)rni of th* financlal 8tateThnts. 10
Bedford Hindu Temple and Community Trust Notes to the Financial Statements Year ended 31 March 2023 General Inforniatlon The charity is 8 public benefit enlity and a registered charity in England and Wales and 1$ unincorporated. The address of th8 principal offi¢e is 8 Russel Clos8. Bedford. Bedfordshi, MK41 7GB. Stat•m•nt of ¢ompllanco These linancial statements have been prepared in compliance with FRS 102, 'The Financial Reporting StarKlard applicable in the UK and the Republic of Iland,. the Slalemenl of Recommended Practice applicable lo charities preparing their a¢counls in a¢¢ordance with the Financial Reporting Standard applble in the UK and Republic of Iraland IFRS 1021 {Charitie8 SORP IFRS 10211 and the Charities Acl 2011. Ac¢ountlng pollcles Bas18 of pr•paratlon The financial statements have l)een prepared on the hlstorl¢al cost basis, as modrfied by the revaluation of certain financial assets and Irabililies and inve$bnenl properties m6a5ured al fair value through income or expendituro. The financial statements are prepared in slerfing, whth is the furKtional Tren of the entity. Going ¢on¢orn There are no material unc•rtainli8s about the ¢haiiWs alIty lo contin. Fund a¢¢ountlng unstrICted funds are avallable for use at the discretion of the trustees lo further any of the chadty's purpos. Designated funds ar8 unre$tri¢ted fvnds earmarked by the trugtees for particular future prolect or ¢ommilment. Reslricled fvnds are subjected lo restrictions on their expendllure declared by the donor or through the terms of an appeal, and fall into one of two sub<l8sses.' restred income fund5 or endowment fu15. 11
Bedford Hindu Temple and Community Trust Notes to the F5nanclal Statements l¢ontthu Year ended 31 March 2023 Accountlng pollcles (co) Incomlng resourcos All incoming resources are induded in the statement of financk11 a¢tNities when entitlement has passed lo the charity.. it is probable that the economic benef associated with the transaction will flow to the charity and the amount can b8 lialY measured. The following specrfic policies are applied to particular categories of income: irKome from donations or grants Is recognised when there Is evIder of enlltlement lo the grft, receipt is wobable and ils amount can be measured reliably. legacy income is recognlsed whon receipt is wobable aThJ entitlement Is estsblished. Income from donated goods is measured at th8 fair value of the goods unless this Is Impractical lo measure reliably, in which case th¢ value is derived from the cost to the donor or the estimated $810 value. Donated facilit5 services are recognised In the accounts when received rf the value can b8 reliably mea$ur6d. No amounts are induded for the conlributlon of general volunteers. Irme from contrxts for the supply of setv6ces is recognlsed wlth the delNery of the contracted service. This is classffied as unrestrrcted fvnds unless there is a conlraclual requirèment for il lo be spent on a partbcular puiwse and returned rf unspent. in whlch ¢a$6 il may be regarded as restricted. ROUr¢•¥ •xpond•d Expendllure is recognised on an accruals basis as a liability is incvrred. Expendlture Indudes any VAT which cannot be fully recovered. and is dassrfI Vler headings of the statement of Ilnanc401 actlvllies to vthth11 relates: expendiluTe on raising funds includes tho costs of all fiJndraislrKJ acllvilies, events, non<harilable trading aclNllie$. and Il* sale of donated goods. expenditure on ch&itsble actNrties IudeS all costs incurred by a Charity in undertaking activities that further its charitable aims for the benefit of ils ben&fi¢iaries, induding those support costs and costs relating to the governan of the charity apportioned lo charitable aCtNit5. other expenditure include$ all exp8ndilure that ts neither related to raising fund5 for the chanty nor part of its expenditure on charitable activrtw. All costs are allocated lo expenditure categories refflecling the use of the resource. Direct costs attributable lo a single activty are allocale(I directly lo that activity. Shared ¢o$ts are apportioned befvthn the aclivili8s they conlribule to on a reasonable, justifiable and LX)nsistenl ba$i$. Tanglble ass•ts Tangible assets are initially reLX)rded al ¢os( and subsequently staled at ¢ost less any accumulated depreciation and impaimienl losses. Any tsngible assets carried at revalued amounts are rerded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 12
Bedford Hindu Temple and Community Trust Notes to the Flnancial Statements {cO•thd) Year endad 31 March 2023 Accountlng poll¢lgS (¢tythwdJ Tanglblo as$ots {Gontynu•d) An Increase in the carrying amount of an asset as a Ul1 of a revaluation. is reccrfJnised In other recognised gains and losses. unless il reverses a tharge for impaimienl that has previously been recognised 85 expenditure within the statement of financial aclivilies. A decrease in the Carrying amount of an asset as a result of rev81ualion. is recognised in other recognised gains and losses, except lo which il offsets any 8v)uS valUation gain, in which case the loss is shown within other re¢ognised gains and losses on the stalemenl of financial aclivilies. Impalrn•nt of flxod a8S•ts A review for indicators of impaim)ent is Carried out al each reporting dale. wllh the re¢overable amount being eslimaled where such indicators exist. Where the carryirwJ value exceed$ the recoverable amount. the asset is impaired aCCding1y. Prior impairments are also reviewed for pos$lble revorsal at each reFXNting dats. For the purposes of impairment testing, when il is not possible lo estimate the recoverable amount of an irbdividual asset. an estimate is made of the recoverable amount of the cash-generallng unil lo whh the asset belongs. The cash-generaling unit 1$ the smallest Identrfiable group of assets that in¢ludes the asset and generates cash infiows that largely Independent of the cash infiows from other assets or groups of assets. For Impalrment testing of goodwill. the g00thl1 acqulred in a business comblnatlon Is, from th8 acqu1slln dale. allocated to each of the cash-generaling Un that are expecled lo beneflt from the synergies of the combination. Irrespectfve of whalhor other assets or liabllltie$ of the charity are assigned to Ih05e units. FSnanclal Instrumonts A financi81 asset or a financial liability is recogni8ed only when the charity becomes a paty to the conlraclual provisions of the instrument. Baslc financial in$trumenls are initkglly recognlsed al the amount rec8Nabl8 or payable induding any related transa¢tion $ts. Current assets and ¢urrent liabiliti8s are subsequently measured at the cash or other conshleration expected lo b6 paid or received and not di$¢ounted. Debt instruments are subsequentjy measured at amortlsed cost. Where investments In shares a publlY traded or thew falr value Can otherwse be measured reliably, the investment is subsequenuy measured at fair value wrth changes in fair value recognised in income and expenditure. All other such investsments are Subsequently measured al cost less impaimient. Other financial instruments. induding derivalpies. *e initially recogniged al fair value. unless payment for an asset is deferred beyond rK)rmal business terms or financed al a rate of interest that is rK)t a market rate, in which case the asset is measured al the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Other financial instruments we subsequenlly measured at fair value, wrth any changes recognised in the statement of financFal activities. with the exception of hedging instruments in a designated hedging relaliortship. 13
Bedford Hindu Temple and Community Trust Notes to the Financial Statements Year ended 31 March 2023 Accounting pollcles (Conun0) Flnan¢lal instrumonts Financial assets that are measured al cost or amorti5ed cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impairmenl. an impairment loss Is recognised under the appropriate headiThJ in the statement of financial activities in which the initial gain was recognised. For all equty Inslrufflenls regardless of $ignrfnCe. and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either 8sses$ed individually or 9roupeO on the basis of similar ttedit risk characteristics. Any reversals of impairment are recognise(l immediately. to the exlenl that the reversal doe$ not result in a carying amount of the financial asset that exceeds what the carrying amount would have been had the impaimienl not PWVlOU51y been recognised. Donatlons and l•gaclo8 Unreslricled Total Funds Funds 2023 Donatlon• Donatlons type 1 75,870 75,870 Oth•r tradlng artlvhlos Unreslricled Total Fund8 Funds 2023 Fundraising events 1,992 1,992 Invmtmont Incom• Unre$tri¢ted Total Funds FurK15 2023 Bank interest receivable type 1 432 432 Costs of ralslng donatlons and l•gacle• Unrestricted Total Funds Funds 2023 Costs of raising donations and legacies- Donations 44.771 44,771 Staff ¢08ts The lolal staff costs and employee beneffts for the porting pemd are analysed as follows: 2023 14
Bedford Hindu Temple and Community Trust Notes to the Financial Statements (¢tythu•dJ Year ended 31 March 2023 Staff costs (conthu•dJ The average head count of employees during the year was Nil. No employee received employee benefits of rn0 than £60,0(Kl duriThJ tha year12022: Nill. Tru8ts0 remun•ratlon and expens•8 no omuneralion or other benefits from employmgnl the charity or a related enty were rer*ived by the Iruslees 10. Tanglblo flx•d Equlpment Cost Al 1 April 2022 Addillons 12.723 4.444 At 31 Mar¢h 2023 17.167 Doproclatlon At 1 Aprfl 2022 and 31 March 2023 Carrylng amount At 31 March 2023 17,167 11, Crlt0. amounts falllng duo wlthln on• y•ar 2023 Trade cr8ditor3 12. Analys1• of charltabl• fund• UnrostrSctod funds At 31 March 202 At 1 Aprll 2022 Income Expenditure General fvnds Unrestricted fund 11- desc In ales 78,294 (44.771) 33.523 77,262 110,785 77.262 77,262 78.294 {44.7711 13. Analysls of changes In net d•bt At At 1 2022 Cash flows 31 Mar 2023 Cash at bank and in hand 93.927 93,927 15
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Bedford Hindu Temple and Community Trust ON ACCOUNTS FOR THE YEAR ENDED 31 March 2023 RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity's trustees consider Ihat an audit is not required for this yeai (under section 43121 of the Charities Act 1993 Ithe Actll and ¢hat an independent examination is needed. It is my responsibility lo examine the accounts lunder section 43 of the Act), to follow the procedures laid down in the General Directions 8iven by the Charity Commission ltsndei seition 4317llbl of the Act), and to state whether porticular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My emaminalion was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accountine records kept by the charity and a comparison of the accounts piesented with those records. It also includes consideraiion of any unusual items or disclosures in the accounls. and seeking explanations from the trusiees concerning any such maiters The procedures under(aken do not provide all the evidence that would be required in 8n audit. and consequently I do not express an audit opinion on the accounts. INDEPENDENT EXAMINER'S STATEMENT In the course of my examination. no matter has come to my attention whith gives me reasonable cause to believe that in, any material respect, th& trustÈÈs have r1 met the requirements lo ensure Ihal: proper accounting records are kept Irn actordance with section 41 of the Actl.. and accounts are Prepad whh agree with the accounting records and comply with the accounling requirements of the Act,. or 2. To which. in my opinion. attention should be drawn in order to enable a proper understanding ol the account5 lo be reached.
EXCEL ACCOUNTANTS IBEDSI LTD Excel Housè 3 Duke Street Bedfor(I Beds MK40 3HR J..8 .L....(13