Trustees’ Annual Report for the period
From 01.04.2023 Period start date To 31.03.2024 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 Donatons: Regular donors - £53,125 Donaton Lumpsum -£ 4,945 Small contactless donatons- £ 1,828 Oferings-Donation Box£ 5,260 Donations-Fund raising events - £ 4,422 Total Charitable Donations - £62,598 Interest Income -£ 2,289 Refund of advance paid£ 965 Gift Aid Reimbursement- £14,324 Total funds raised - £87,158 |
|
|---|---|---|---|
| 5Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Surplus funds of £ 40,531 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 £151,343 up to 31.03.24 | |
| 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 MurtyVusirikala |
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 |
|||
| 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) Venkataramana Murty Vusirikala Full name(s) Harve Swamynathan Position (eg Secretary, Chairperson Vice Chairperson Chair, etc)
Date
CtrIARtrY REGISTPATION NUMBER= 1185539 Bedford Hindu Temple and Community Trust Financial Statements 31 March 2024
Bedford Hindu Temple and Community Trust Financial Ststements Year ended 31 March 2024 Page Trustees. annual report oeoendenl auditorfs re(iort to the members Statement of financial activities Statement of financial DositK>n Statement of cash flows 10 Notes to the financial slalements 11
Bedford Hindu Temple and Community Trust Trustees. Annual Report Year ended 31 March 2024 The trustees pent their repryl an¢J the fi181 stalements of Ihe chanty for Ihe year ended 31 March 2024. Releren¢e and Bdmlnlstrntl¥• detail Reerd£artty name: Bedford HSndu Tefflote and Communitv Trust Ch•rfly Numb•r l*.. 1185539 Prln¢lpal offi: S Peel Str881 88dlord edford5hir MK40 2HX Trustees ar•: Mf H Swam0th8n Dr R K8lhane Dr K Neelaa Mrs B Mufali Mr G Valawdpalhi Or V Vkala Accountsnts Excel A¢counlanis18edsl Lt(I Excel House. 3 Ouke Strw. Bedlord. MK40 3HP
Bedford Hindu Temple and Community Trust Trust6es' Annual RepofT icortttnu Year ended 31 March 2024 ,.)blectlv•5 and actlvlths Tl obiocts ol the 8edlord Hindu Temple ond CommuThtyTrust wa". To advance Ihe Hindu rel10n. by ol a of M)rsP for Ihe Hirvju Community- Shi¥ Temple. Actvilies will inclua•-. . r4i&ng awareness and understaTrJiNJ ol relwts bdiets aTrJ pracoces o crn ¢xrt rdoiosJ5 devobonal act$ - Carn9 out missK)nary and oulrea¢h work - the provision of placès lor the cornmunity to ILY ¢)JluTrl actswbes o the wvisw)n of pws for Ihe c(JmmuThtyto us¢ for heallh ar¥J Ytsn9 ath"MS Achl•v•m•nts and p•rfomin Our charity has 8cccmFlk8h¢d rfs goal ol estaA$P¥rwJ the onty Hindu tom6 lord. For tho benefit ol the community. ar8 ncrtv regularfy pwlonnw mosi of the p)8$ in the Hindu calendar and encovrag8d Ihe mombers ol Hindu Community in aThJ Bedf¢yd to parts¢ipate in Ihe Hindu events. Wfth the mmunity h811 gelling rtsady sw, it wil b0 ready for USJ of lor addits)n communily refaled activilies su¢h as heallh aTrJ educalth. w, M11811 etc. We have sel up 8 (MnItY connect group lo handle outr&ach and fflis5nary a¢1ti.¢$ as ft)d Ilwaltrjn aThJ ctwtyvmits I vhkh were kopt on hold pondir¥J COM11()rt of Ph 11 Fln4n¢lal rwl•w BHT ra6sed rnon8y thrcrtjgh chorilatts don8kn Imonllty dono1•)n. on• off t)n Donati Box09 and by fund raistThg events 1rdwaS aclMiie$, Key Mvkef3 meal donats'onl 8HT 58 holdirrfd the suWus yneraled as wN•sl In • permarnt IAaco for ÈHT Ihat could not b• m•t Irom futurs intome and afso to rn8n8 unlLvese4n financial tlifficulbe$ to beneficiaries. funders and th8 public In fulure BHT awn lo on Itswien's heallh. infve in kxjking aftèr the community mental health. arts aTrJ craft cknAthn. Y(yJa IN a99 At thls mornenl 8HT SJ rnt have any wKerlainty 01Y ¢(CeM. as BHT ha¥e feast$ Staternènt of Recommended Pra¢tirlSORPI". and also have some re5eThe io lace unlcrfe58en fmncial cris Tru51ees'sypport each other in gNen lar9el 8L80 in¥G4¥e in revtw aTrJ re-re unbl il 9ets accomk4ishad. 8HT trustoe5 ha¥e fol$ thè key Ih8Y Fyocess oaty preparnli)n. oThJagom8nt honesty and communication. Truslees. r•sponslb11tt5e¥ *tat•m•nt The trustees are responsible for preparing Ihe truslees. and the finarKial slalemenls In accordance Ih applicabb law and United Kiwjom A)unting Star¥Jards {UThted Kingth)tn Genera Accepted AOunting Pracliol.
Bedford Hindu Temple and Community Trust Trustees, Annual Report (continued) Year ended 31 March 2024 The law apP1kab to th8ritses in Erykgnd Wa9 rul$ the charity trUse$ to wepare finanual sta78nts for aach y8ar which give a Irue and fair of the state of affaits ofthe charity and of incoming resources and awlicaiw ol reSr. ol the rjwity for that pericMJ. In preparing Iheso fin8ncrdl ststemonts. thtr trustees ar8 reqwr•d to.. . select suilabla accountiThJ Fdies aThJ Ihen apply Iham tons5slenty. . obsem tho moiiK4Js and Wndps In ChariJe¥ SORP.. • make judgments and e¥lwnai05 IJ1 ar¥J wLK1¢nL ' 618le wIther applicablo UK AtttyJntir4J Sl8ThJ¥d5 have Idlowd, subloct to any material dèpartures dls¢losed 8ThJ ¢Waad In th• (mr1 Stalem.. ' prepare the financial sthiemtsnts o>rvJ caKern is inapwopnats wosum• that the charity ¢onbnug in j$#)S. The Iruslees arg r•sponSie for kerj thyewate 8co)unting r•ttrfds that ar8 surr&t lo show and explain the charty$ transaetions dischjse r6asonabSe Bccur8cy al any time the finan¢kql p)srtion ol Ihe Charity and 8nat4• Ihem to en%%e thai the fin8nG•al sents c(Mnpty the Charities Acl 2011. the ap[AltIO char0$ (Awwnts aTrJ Repts1 Regulalims. and the provisions ol the Trust Deed. Thoy we also re5FKrfbl• f¢y safewardiThJ lh• assets of the chanty and hen Tor lakin9 roasonat4e step$ lorthe WeVenti 0j t1etedion ol fraud and olhef irrepularl. The Iruslees, annual r•oort wa8 apwoved on 2nd 2024 8Th1 sn8d on be1 ol Iht bowd ol MrH Trusteo
Bedford Hindu Temple and Community Trust Inde endent Examiner's re ort to the Trustees Year ended 31 March 2024 Conthutkin •nd dm• ofth• th• Rup•¢iiv• R•¥poNblblllll• of Trn•l••B nd hvlwnd•ffl t¥•mtr A5 th• Tru8t¥ Bedkyd Hmdu T•mF4e are re¥$ble l¢y th• CW8i¢Jer that Ihè 8rt requmneni d seCn 43121 oltr Chart 19931V Acii does fy)t appty 11 * my r•spon51bthty 10 Issue this repm ¢)n accounts In the ietms of 25 Regulat 7 01 Chante$18¢eounts and reponsi RegUt$ 1995 aThJ Stsle. b•31$ of prttèjures specfvd In Ihfr G•nèral OY8Chons gwen by Chanty, pK44r maiiws hcn8 my attitw. of knd•p•nd•nt Ey•nth•f• R•port My •MalK)n was carr tyjl In ¢thnee th Dirtettns iythe Chanty Commas8b)n under S•ctson 43171 Ib} ol the Aci examinakn IudeS a rnvThv of the accwbng rtctyds k•pi ty thé 8edlord Hinou TemrA• and a ctympan50n of thè ontI wth those r•cord$ h a180 C(Nlsideratyons ol any unusual IrnI L¥ dixS)sur•s m the and seekwoj exF4anakns you trustee¥ eoncerniTro any m8rer¥ Th• ¥0dureS L4knj•en do wowje 8U th• •Mdence be rw4u11 In any au(1rt 4nd I doThJl expwi ats ownui thè Trrnv tyvefi by Ihd•p•nd•ni EXn•$ 8tt•nwt . propWacthrfya are ktpl Im 4101 . %cwnt¥ w• w•pared whth •gre•wih the ¥ty)untyry r•¢L¥ds •(%ntr rnquirm•nt¥ d th•d. c 21 To In rnyoF4nth. atténkn S)Ubj bé ryd•rto kyopw Excel AcnnIs IB¢dsl Lld Exctl Hau5e. 3 Ou*e Streei Bedlord MK40 3HR House 3 Slreel Bethoro Mk40 3HR 01234 86059) Fcc
Bedford Hindu Temple and Community Trust Statement of Financial Activities Year ended 31 March 2024 Unrtelrf¢W Total Fund• Fund¥ 2024 2023 In¢omln9 R•sourc•J Cknations and 18gacs Other trajing acti8$ Inv8slment Inwi& &ft Aid Grants Rclunds Tot1 Incomlng 65,620 60.606 1.992 432 14.325 15.264 87.159 78.294 Exp•ndllUM Expenéilure on rai&ng fund$. t ol raisino dalTh and189 46.627 44.771 Total Exp•ndltur• 46.627 44.771 N•1 Incom• and n•1 rnov•m•nl In FuAd• AO.532 40,532 33 523 Reconciliation funds Toial lunds brought forw4rd 110.785 110,785 77.282 151.317 151.317 110.785 The statement of financial activities includes all 8ains and losses reco8nlsed in the year. All income and expenditure deri¥e from contin zctlfft$.
Bedford Hindu Temple and Community Trust Statement of Financial Position 31 March 2024 2024 X+23 Flxed Assfrts Tanoible fixed assot$ io 23.155 17.167 CurT•nt Asul¥ Income Tax on Gift Rewverablo Cosh at bank and in harKI 129,782 93.927 Cr¢dltors: amount duo wlthln on• year Cr8dilors.' 8mwnts laling (h18 li 1.621 309 vl•t CuTh•nt A•J•t• 128.162 93.618 Total as¥•ii I% cuTh•nt114bllltbos 151,317 110.785 Fln•nc•d by.. Unreslrfcted Fund Reslrict8d Funds 151.317 110.785 Total Fund• 12 151.317 110.78i These financial ststemenls We wved ty the b)ard and auled for wu8 on 2 Jur* 2024, and are si ned on behaNof Ihe t¥)ard Mr H Swarnynalhan Trusle?
Bedford Hindu Temple and Community Trust Statement of Cash Flows Year ended 31 March 2024 2024 C•sh Il¢>ws from ¢yr•tlng •¢tl¥lll•% Net irKrMn• 40.532 AdJ'usbn8nls for. Cxher interest raceNabkn a1 sknlar -2.289 Ch8nS in.. Trnde ar ¢Jlhtr cr•Jitcrt 1,312 Cash generated Ifom 39,554 toml ie¢efvod 2.289 Net cash wrairy o¢Jth"es 41.843 C•sh flows Irom inve•ting a¢ll¥i¢l•• Purchase of ngIble assets -5.988 Net cash us•J In Investi acts Net Incr•ase In cash and h •pulv•l•nts ash and cash •qul¥alents at beglnning ol year 3S.855 Cash and cJ•h •qulval•nt• at end olyoaf 3S.85S
Bedford Hindu Temple and Community Trust Notes to the Financeial Statement5 Year ènded 31 March 2024 -Gon•ral Infomiallon The charity is a wblic benefit enlty and a registered charity in EngfaThJ and Waes and is unincorporaled. The address ol the pm¢1 olfKe is S PÈel Street, Bedlord. BedfordshwÈ. MK40 2HX. I Stalom•nt of comollanee These financial stalements hav8 teen prepared in crynTlkgnce With FRS 102. The Financial Reporting StaThJard apoltable in the UK and Ihe R¢outyt ol Irelarkfj,. the Stalement of Recommended Practice appliG8bie to charities wepaisn9 thew KccJnts in aCCordare witn ¢he Financial Rep)rtiNJ Standard appkable in Ihe UK and of Irdaod IFRS 1021 ICh3rili0s SORP {FRS 10211 and the Charbli8s 2011. 3. cOUntIng pollel• 8asls ol pr•oaratloD The financi?1 statements havè been parerf the hlst(rfi¢al cost b&stS. 85 modiffftl by Ihe '•vaiuaD"on of certain financial as58ls aTrJ Iwbimios and inveslment propthes rne85urod at foir V8lu• thr9h in¢4me or eyp¢NUlur•. The fvianclal slatoments • wepwed kn S¥a, Is Ihe I11)nal jrrCYOt the entity. aolng ¢onc•rn There arn matonal unwtainties 8brArt I dwritys abltyto cwlkw. Fund x¢ountlng unreStrd funds are av8d8blo for us• ai th• tnjsthes ¢0 further anv ol charivs purpos•s. Oesw4nat8d luThJ¥ are urweglm.cted •afmark•J ty th¢ trtee5 lor partitrjar fulure FYoJe¢t or commitment. Restsiciod funds ere subjected lo restridions C thew exoeThJiluffj dectwed bv the dorKJr o. Ihrough the lerms of an appeal. fall into orva of Iwo srtrtL8S5e5.' ieslrictod Iricoriio funds or èndowment lunds.
Bedford Hindu Temple and Community Trust Notes to the Financial Ststernents iwtht•dJ Year ended 31 March 2024 3. Accoun¢lng poll¢l¢s (¢ontlnuodl Incomlng sOTee$ .111 incoming resource5 are kthjwj in the statement oi faal aclMi5 enlllknient hos passad to the chanty, il Is probatr thal ihe economK benefits 8SSOCiated with the transactsm ¥1 flow to the charity aThJ the amount can b& rd4Wm¢asur•d. T foyth"ry $Fe£rf pckns are apFI1 lo parQjLqr C8leg0ri8s of Incomé . incomé from 9ranls L% recogntsed ttthi is e¥40enc4 of wrtiuemenl lo the gift. receipt i¥ prObae an¢J its amtrjnt can be maasui8d r8lt4y. . lryacy irorne15 reCthd rttopt il probabl• ontitiement 1$ esWthod. . incwne from ¢S)ètsd gcty>Js Is measwed 81 the lair value ol the urt8 Is Impracitsl io measure relrabty. In whith case the value is demieil frrmn Ihe (Thl lo the dcffl¢ or Ihe estimatad resale value. Donated facilibes and Servw are retNJnised in the acc(Jnts I¢ed rf the value Can t reliably m?asur8d. No amtsJnt5 are inchjd lor Ihe contri>Ulic ol geral volunlew5. ' Income from contracts for th¢ supptyof i8 re¢owws¢d ith the delr¥ery of tho contracted serv¢. This Is ¢18$sifd as l¥tricIed unkns re 1$ 8 C(btwlual reqrement for it to be spent on a parlKular puryose and re¢umed il unspent. in whth ease it may be regarded as re$lricied. R••ourc•• •xp•nd•d ExpenditsJr8 15 recognised on accry baso as a liablty is inrTed. Expenditure intdeS aThy VAT %thith cannot lulty recovered, and is daurfknd wder of Ihe Statement of rn¢al aclivities ¢0 which It relates.. * expenditure on raisitvJ luThJs Ind)95 the sts ol al athli89. wents, nchantse Iradirg acbwbes. and Iho Sè of donated gxK#J5. 4 expenditure on charitable aclvth5 Indude5 all cosls by a ¢h8nty in undertaktng actiwbes thei fvrther its charitaL4e aims Ihe ol rts berffjficiaries. Nludwy thr)se supp(1 $ts and cosls relabng lo Ihe governance ol Ihe charity apportKyd lo charilabkn xtivfv5. . 0¢h expendrture indudos al xpen¢Jitin Ihal 15 relaled lo IJ$ lorthe charty nor part of its ex11¢Ure on ¢harilable #cli8& l Costs are alxaled to expendilure CategoS refie(*ng the use ol the r05wrcÈ. Di1 wsts attributatA8 10 a single ttyre alkxa18d di¥8cbyto thal actiwty. Shared Costs afe apP0j beh%n the acti¥ilies io a aSble. ws15fiab and consistent bas. Tart9lbl• •ss•ts Tangible assets a Initialty recorded at cost. and stknsewttyslaied at C051 less ary accumulated deprecialion and irnpairmenl bsses. Any laThJib assets 81 revalued amwrtts afe recorded al the lair value al the date of revaluat less any subsewenl MUlad d8swectsqlK)n aThJ subseovert accumulaled iThDairment h)Sses.
Bedford Hindu Temple and Community Trust Notgs to tho Financial Statemonts Year ended 31 March 2024 3. Accounting poll¢lfrs f¢oniinrKdJ Tnglbl• as8•1¥ i¢oTriinu•O) incréase in IhÈ carrying arnounl of an ass81 as a rèsLdl of a revalualin. Is recA)grMstd in other recognised gains and losses. unless il reverses a charge IfK 1ft4Jainnenl that has prevthsly 088n rec(yJni50d a$ expenditure within the 51alernent of fmanual activities. Ath(a5e in the carwTrJ amwnl ol an o55el a$ a resutt ol revalualion. 1$ recogni51 in ¢)ther rocojnised wns anrf105. excopl lo which it offset$ any w6VI(KJ5 re¥aluaDon gatn, In whth ¢ose Ihe ILXS ilhin other rec£#Jnis8d 98IM and sses on the stalement of (n¢131 acliviues. Impalfm•nt offlx•d wds•ts A review lor Indi¢aiors ol impa¥wi is carfled (xjl at ch repmi ¢Jale. the fecoverable Brnounl ing 8$1iftwied ¥vherg such indicaim oxisl. Where Ihe ¢affwng vtho ex¢8eds the reco¥¢rabb am(xmL Ihg a$50t Is Inwired acc¢ydiryty. a80 FO)ssth r6rn81 al reporting dale. For Ihe purF4)8•8 01 iryalrnwrt t•skng, ¥rtn11 pomltde lo wtimbto the rK0rable gfftyjnt ol an Individual ossel. an estlmalels made ol the wtwerthe nI d Ihe cashllgen¢falir¥J unil to whlch Iho ssel belongs. The casherrnDry unrt is smallosl ideffttyfiae gr¥yJp of asse15 th81 Include5 Ihe assel 8NJ generatss cgsh inlhywJ that 01 th8 cash irdlrs olhw assèts ¢Y grwps ol a5sels. For inwinnent 188tlng of goothwll. Ihe bus4n8ss cnakn r4. frtyn the 8cqui$itiw dale. allocated to eo¢h of Ihe caswnew that are expected lo benefit Irom the lyr188 of Iho of ¢kn•ss•ts or li•bilie8 of the chantywg assigned to Iho$o unils. Fln•n¢l•l InitrumMts A financid assel or a Iihty is i¢¢wwsed ¢xty th• b¢ctyns • P•ty ks ¢tyiira¢tyJal pwsiom of tho imtrumonl. 885iG finan¢ial in$trum•nts •r• in1•11Y r•wr¥Md at Iho ¢y p•y8bl• indudirvJ arby reLqted Iransactn costs Currenl assets aTrJ cwrenl lialMhbfrS arn iuba•q• m•aSW al ts cash cther cLMkla0n •xp8cted lo be paid or re[¥¢ and Debt instrurnnts arn sub$eqwnty rrosw¢(181 gm$¢4 COSL Where tnvesimoAts in sharos aro pu¢41¢ty Ir&Jgd ortheir fair valu& can olh8Ms& be nwaswod r61iabty. th& Inlment Is subsequenty rnea5ured at fair ¥alJ8 wilh tharw in faK valvg r8CC4Jnised in irKom• and 8XP8ndilure. All othBr such iThv6slm8nL8 SubseqL)ty maswed al cost $$ irryairnnl Other flnan0 in51rurrents. in¢lKllrvJ deriv•Ow ore re¢r4nhed at Ir Ue. unless payftnt f an a5sel is dÈfetyÈd bend norma tyjsimss terns or finaed at 8 rate ol intwesl that is not a rnartat rate. In which case Ihe asset is rra5wed al Ihe presenl value ofthe fututs Pay7rlS diswjnted al a Ma81 rate of inlerest lor a sdebl ins¥1. Other financial inslruments are 5ubsequenlty al lair with any drge5 rec¥4nised In Ihe stalemerbt of finan¢Aal ac*TrAies. th8 exception ol he(kJw in51ruffwts a d6swal8d hedgirKJ relalionship
15 Bedford Hindu Temple and Community Trusl Notes to the Financlal Statements Y•ar ended 31 March 2024 3. kcountlng polici¢s (contlnu•dl FInanal InstrnmBnl• (contlnuédj Finanoal a55ets that are m&asured 8t cost OraMts5ed c05t are revitrd lorf"ec•¥e ewdenc ol IMpaient at lh8 eTh1 of each raF¢)rI dale. If there Is d)hB¢INe of irnpairrnenl, an impai?1 bs$ is Trcc¥Jnis8d n¢Jer the 8ppfopiiaie h8ading in slatemenl offKwal 1¥11•9$ Ihg inilid gain was r6¢0gnised. For all equity instruments re9ardths ol svJnifi¢ance, other fwniial assets Ihal 8r¢ divIduallY signifi¢ant. Ihese are assessed iTrJThi1du1YI¢ impa¥1. Other finantial assets are erfher assessed w¥Jividually Of groupod on the bask8 ofwrnilw crndl risk char•#erisks. Any reversals ol Impalrrwl ar¢ iec£¥n158d Immedialety, to lh8 •xtsnl th91 Ihe reversal dS not result In 4 carrying amourbt cd th8 finamal asset thai ex¢ee¢ts lthO Ca amjnt ha¥6 been had Ihe pairn¢nl not (l05ty t4¢n rocwised. Dort•¢$ and 1•gA¢b•• Totsl Fund• 2024 T•tsl Fund• 202• Oon•¢sons Donallons 75.870 Olh•r tradlng •¢tivttl•¥ yo1 Fund• 2024 Tow Fund¥ 2023 Fundrw51r#J events 1.992 Inv••lrn•nT i•M• Totsl Funds 2024 Tot1 Funds 2023 aank inlerest rtI• Y289.06 432 Gosts ol Ajslng don•tSpn¥ •nd tspac••& Total Funds 2024 Total Funds 2023 46.627
Bedford Hindu Temple and Community Trust Ilotes to the Flnanclal Statèments Yg•r •nd•d 31 M¥r¢h 2024 8 siaff eo•l• averw4e head count ol 8nwh)ye85 the ral Nil. rec•sv¢d k40Y80 benefits OIn¢than £60.(rfJ)dur¥wJ y12023.. Nill. TFusl•• r•mun•Ttlon an• •XD•r o remuneration or other benefits fromemplmeni with the ¢harityor a related eniit¥ were recÈl¥td by the Irustets 10 T•Dqlbl• ftx•d •M•l• C¢> AI I AMI 2023 31 March 2024 AddlonS 17.167 4t 31 M•rch 2024 ZJ.155 D•pr*datior At 1 Aorll 2023 al 31 March 2024 ¢arrylng •mvunl At 31 March 2024 23.1S5 Cr•d4torn: •moU1 hlllnq YAthin on• y•w 2024 1.621 12 An•lyil• of ch•rllabl• lund• Unr•sknri•d lund• At 1 W23 Il¥no At 31 Ilarch 2024 UnrosirK1ed fwd 110.785 87.159 46.627 151.317 110.785 78294 44.771 151.317 13 Analysls of chwys In Iirt d•bi 31 Mar 2024 Cosh 81 aThJ in haThl 35.855 129.782
CtrIARtrY REGISTPATION NUMBER= 1185539 Bedford Hindu Temple and Community Trust Financial Statements 31 March 2024
Bedford Hindu Temple and Community Trust Financial Ststements Year ended 31 March 2024 Page Trustees. annual report oeoendenl auditorfs re(iort to the members Statement of financial activities Statement of financial DositK>n Statement of cash flows 10 Notes to the financial slalements 11
Bedford Hindu Temple and Community Trust Trustees. Annual Report Year ended 31 March 2024 The trustees pent their repryl an¢J the fi181 stalements of Ihe chanty for Ihe year ended 31 March 2024. Releren¢e and Bdmlnlstrntl¥• detail Reerd£artty name: Bedford HSndu Tefflote and Communitv Trust Ch•rfly Numb•r l*.. 1185539 Prln¢lpal offi: S Peel Str881 88dlord edford5hir MK40 2HX Trustees ar•: Mf H Swam0th8n Dr R K8lhane Dr K Neelaa Mrs B Mufali Mr G Valawdpalhi Or V Vkala Accountsnts Excel A¢counlanis18edsl Lt(I Excel House. 3 Ouke Strw. Bedlord. MK40 3HP
Bedford Hindu Temple and Community Trust Trust6es' Annual RepofT icortttnu Year ended 31 March 2024 ,.)blectlv•5 and actlvlths Tl obiocts ol the 8edlord Hindu Temple ond CommuThtyTrust wa". To advance Ihe Hindu rel10n. by ol a of M)rsP for Ihe Hirvju Community- Shi¥ Temple. Actvilies will inclua•-. . r4i&ng awareness and understaTrJiNJ ol relwts bdiets aTrJ pracoces o crn ¢xrt rdoiosJ5 devobonal act$ - Carn9 out missK)nary and oulrea¢h work - the provision of placès lor the cornmunity to ILY ¢)JluTrl actswbes o the wvisw)n of pws for Ihe c(JmmuThtyto us¢ for heallh ar¥J Ytsn9 ath"MS Achl•v•m•nts and p•rfomin Our charity has 8cccmFlk8h¢d rfs goal ol estaA$P¥rwJ the onty Hindu tom6 lord. For tho benefit ol the community. ar8 ncrtv regularfy pwlonnw mosi of the p)8$ in the Hindu calendar and encovrag8d Ihe mombers ol Hindu Community in aThJ Bedf¢yd to parts¢ipate in Ihe Hindu events. Wfth the mmunity h811 gelling rtsady sw, it wil b0 ready for USJ of lor addits)n communily refaled activilies su¢h as heallh aTrJ educalth. w, M11811 etc. We have sel up 8 (MnItY connect group lo handle outr&ach and fflis5nary a¢1ti.¢$ as ft)d Ilwaltrjn aThJ ctwtyvmits I vhkh were kopt on hold pondir¥J COM11()rt of Ph 11 Fln4n¢lal rwl•w BHT ra6sed rnon8y thrcrtjgh chorilatts don8kn Imonllty dono1•)n. on• off t)n Donati Box09 and by fund raistThg events 1rdwaS aclMiie$, Key Mvkef3 meal donats'onl 8HT 58 holdirrfd the suWus yneraled as wN•sl In • permarnt IAaco for ÈHT Ihat could not b• m•t Irom futurs intome and afso to rn8n8 unlLvese4n financial tlifficulbe$ to beneficiaries. funders and th8 public In fulure BHT awn lo on Itswien's heallh. infve in kxjking aftèr the community mental health. arts aTrJ craft cknAthn. Y(yJa IN a99 At thls mornenl 8HT SJ rnt have any wKerlainty 01Y ¢(CeM. as BHT ha¥e feast$ Staternènt of Recommended Pra¢tirlSORPI". and also have some re5eThe io lace unlcrfe58en fmncial cris Tru51ees'sypport each other in gNen lar9el 8L80 in¥G4¥e in revtw aTrJ re-re unbl il 9ets accomk4ishad. 8HT trustoe5 ha¥e fol$ thè key Ih8Y Fyocess oaty preparnli)n. oThJagom8nt honesty and communication. Truslees. r•sponslb11tt5e¥ *tat•m•nt The trustees are responsible for preparing Ihe truslees. and the finarKial slalemenls In accordance Ih applicabb law and United Kiwjom A)unting Star¥Jards {UThted Kingth)tn Genera Accepted AOunting Pracliol.
Bedford Hindu Temple and Community Trust Trustees, Annual Report (continued) Year ended 31 March 2024 The law apP1kab to th8ritses in Erykgnd Wa9 rul$ the charity trUse$ to wepare finanual sta78nts for aach y8ar which give a Irue and fair of the state of affaits ofthe charity and of incoming resources and awlicaiw ol reSr. ol the rjwity for that pericMJ. In preparing Iheso fin8ncrdl ststemonts. thtr trustees ar8 reqwr•d to.. . select suilabla accountiThJ Fdies aThJ Ihen apply Iham tons5slenty. . obsem tho moiiK4Js and Wndps In ChariJe¥ SORP.. • make judgments and e¥lwnai05 IJ1 ar¥J wLK1¢nL ' 618le wIther applicablo UK AtttyJntir4J Sl8ThJ¥d5 have Idlowd, subloct to any material dèpartures dls¢losed 8ThJ ¢Waad In th• (mr1 Stalem.. ' prepare the financial sthiemtsnts o>rvJ caKern is inapwopnats wosum• that the charity ¢onbnug in j$#)S. The Iruslees arg r•sponSie for kerj thyewate 8co)unting r•ttrfds that ar8 surr&t lo show and explain the charty$ transaetions dischjse r6asonabSe Bccur8cy al any time the finan¢kql p)srtion ol Ihe Charity and 8nat4• Ihem to en%%e thai the fin8nG•al sents c(Mnpty the Charities Acl 2011. the ap[AltIO char0$ (Awwnts aTrJ Repts1 Regulalims. and the provisions ol the Trust Deed. Thoy we also re5FKrfbl• f¢y safewardiThJ lh• assets of the chanty and hen Tor lakin9 roasonat4e step$ lorthe WeVenti 0j t1etedion ol fraud and olhef irrepularl. The Iruslees, annual r•oort wa8 apwoved on 2nd 2024 8Th1 sn8d on be1 ol Iht bowd ol MrH Trusteo
Bedford Hindu Temple and Community Trust Inde endent Examiner's re ort to the Trustees Year ended 31 March 2024 Conthutkin •nd dm• ofth• th• Rup•¢iiv• R•¥poNblblllll• of Trn•l••B nd hvlwnd•ffl t¥•mtr A5 th• Tru8t¥ Bedkyd Hmdu T•mF4e are re¥$ble l¢y th• CW8i¢Jer that Ihè 8rt requmneni d seCn 43121 oltr Chart 19931V Acii does fy)t appty 11 * my r•spon51bthty 10 Issue this repm ¢)n accounts In the ietms of 25 Regulat 7 01 Chante$18¢eounts and reponsi RegUt$ 1995 aThJ Stsle. b•31$ of prttèjures specfvd In Ihfr G•nèral OY8Chons gwen by Chanty, pK44r maiiws hcn8 my attitw. of knd•p•nd•nt Ey•nth•f• R•port My •MalK)n was carr tyjl In ¢thnee th Dirtettns iythe Chanty Commas8b)n under S•ctson 43171 Ib} ol the Aci examinakn IudeS a rnvThv of the accwbng rtctyds k•pi ty thé 8edlord Hinou TemrA• and a ctympan50n of thè ontI wth those r•cord$ h a180 C(Nlsideratyons ol any unusual IrnI L¥ dixS)sur•s m the and seekwoj exF4anakns you trustee¥ eoncerniTro any m8rer¥ Th• ¥0dureS L4knj•en do wowje 8U th• •Mdence be rw4u11 In any au(1rt 4nd I doThJl expwi ats ownui thè Trrnv tyvefi by Ihd•p•nd•ni EXn•$ 8tt•nwt . propWacthrfya are ktpl Im 4101 . %cwnt¥ w• w•pared whth •gre•wih the ¥ty)untyry r•¢L¥ds •(%ntr rnquirm•nt¥ d th•d. c 21 To In rnyoF4nth. atténkn S)Ubj bé ryd•rto kyopw Excel AcnnIs IB¢dsl Lld Exctl Hau5e. 3 Ou*e Streei Bedlord MK40 3HR House 3 Slreel Bethoro Mk40 3HR 01234 86059) Fcc
Bedford Hindu Temple and Community Trust Statement of Financial Activities Year ended 31 March 2024 Unrtelrf¢W Total Fund• Fund¥ 2024 2023 In¢omln9 R•sourc•J Cknations and 18gacs Other trajing acti8$ Inv8slment Inwi& &ft Aid Grants Rclunds Tot1 Incomlng 65,620 60.606 1.992 432 14.325 15.264 87.159 78.294 Exp•ndllUM Expenéilure on rai&ng fund$. t ol raisino dalTh and189 46.627 44.771 Total Exp•ndltur• 46.627 44.771 N•1 Incom• and n•1 rnov•m•nl In FuAd• AO.532 40,532 33 523 Reconciliation funds Toial lunds brought forw4rd 110.785 110,785 77.282 151.317 151.317 110.785 The statement of financial activities includes all 8ains and losses reco8nlsed in the year. All income and expenditure deri¥e from contin zctlfft$.
Bedford Hindu Temple and Community Trust Statement of Financial Position 31 March 2024 2024 X+23 Flxed Assfrts Tanoible fixed assot$ io 23.155 17.167 CurT•nt Asul¥ Income Tax on Gift Rewverablo Cosh at bank and in harKI 129,782 93.927 Cr¢dltors: amount duo wlthln on• year Cr8dilors.' 8mwnts laling (h18 li 1.621 309 vl•t CuTh•nt A•J•t• 128.162 93.618 Total as¥•ii I% cuTh•nt114bllltbos 151,317 110.785 Fln•nc•d by.. Unreslrfcted Fund Reslrict8d Funds 151.317 110.785 Total Fund• 12 151.317 110.78i These financial ststemenls We wved ty the b)ard and auled for wu8 on 2 Jur* 2024, and are si ned on behaNof Ihe t¥)ard Mr H Swarnynalhan Trusle?
Bedford Hindu Temple and Community Trust Statement of Cash Flows Year ended 31 March 2024 2024 C•sh Il¢>ws from ¢yr•tlng •¢tl¥lll•% Net irKrMn• 40.532 AdJ'usbn8nls for. Cxher interest raceNabkn a1 sknlar -2.289 Ch8nS in.. Trnde ar ¢Jlhtr cr•Jitcrt 1,312 Cash generated Ifom 39,554 toml ie¢efvod 2.289 Net cash wrairy o¢Jth"es 41.843 C•sh flows Irom inve•ting a¢ll¥i¢l•• Purchase of ngIble assets -5.988 Net cash us•J In Investi acts Net Incr•ase In cash and h •pulv•l•nts ash and cash •qul¥alents at beglnning ol year 3S.855 Cash and cJ•h •qulval•nt• at end olyoaf 3S.85S
Bedford Hindu Temple and Community Trust Notes to the Financeial Statement5 Year ènded 31 March 2024 -Gon•ral Infomiallon The charity is a wblic benefit enlty and a registered charity in EngfaThJ and Waes and is unincorporaled. The address ol the pm¢1 olfKe is S PÈel Street, Bedlord. BedfordshwÈ. MK40 2HX. I Stalom•nt of comollanee These financial stalements hav8 teen prepared in crynTlkgnce With FRS 102. The Financial Reporting StaThJard apoltable in the UK and Ihe R¢outyt ol Irelarkfj,. the Stalement of Recommended Practice appliG8bie to charities wepaisn9 thew KccJnts in aCCordare witn ¢he Financial Rep)rtiNJ Standard appkable in Ihe UK and of Irdaod IFRS 1021 ICh3rili0s SORP {FRS 10211 and the Charbli8s 2011. 3. cOUntIng pollel• 8asls ol pr•oaratloD The financi?1 statements havè been parerf the hlst(rfi¢al cost b&stS. 85 modiffftl by Ihe '•vaiuaD"on of certain financial as58ls aTrJ Iwbimios and inveslment propthes rne85urod at foir V8lu• thr9h in¢4me or eyp¢NUlur•. The fvianclal slatoments • wepwed kn S¥a, Is Ihe I11)nal jrrCYOt the entity. aolng ¢onc•rn There arn matonal unwtainties 8brArt I dwritys abltyto cwlkw. Fund x¢ountlng unreStrd funds are av8d8blo for us• ai th• tnjsthes ¢0 further anv ol charivs purpos•s. Oesw4nat8d luThJ¥ are urweglm.cted •afmark•J ty th¢ trtee5 lor partitrjar fulure FYoJe¢t or commitment. Restsiciod funds ere subjected lo restridions C thew exoeThJiluffj dectwed bv the dorKJr o. Ihrough the lerms of an appeal. fall into orva of Iwo srtrtL8S5e5.' ieslrictod Iricoriio funds or èndowment lunds.
Bedford Hindu Temple and Community Trust Notes to the Financial Ststernents iwtht•dJ Year ended 31 March 2024 3. Accoun¢lng poll¢l¢s (¢ontlnuodl Incomlng sOTee$ .111 incoming resource5 are kthjwj in the statement oi faal aclMi5 enlllknient hos passad to the chanty, il Is probatr thal ihe economK benefits 8SSOCiated with the transactsm ¥1 flow to the charity aThJ the amount can b& rd4Wm¢asur•d. T foyth"ry $Fe£rf pckns are apFI1 lo parQjLqr C8leg0ri8s of Incomé . incomé from 9ranls L% recogntsed ttthi is e¥40enc4 of wrtiuemenl lo the gift. receipt i¥ prObae an¢J its amtrjnt can be maasui8d r8lt4y. . lryacy irorne15 reCthd rttopt il probabl• ontitiement 1$ esWthod. . incwne from ¢S)ètsd gcty>Js Is measwed 81 the lair value ol the urt8 Is Impracitsl io measure relrabty. In whith case the value is demieil frrmn Ihe (Thl lo the dcffl¢ or Ihe estimatad resale value. Donated facilibes and Servw are retNJnised in the acc(Jnts I¢ed rf the value Can t reliably m?asur8d. No amtsJnt5 are inchjd lor Ihe contri>Ulic ol geral volunlew5. ' Income from contracts for th¢ supptyof i8 re¢owws¢d ith the delr¥ery of tho contracted serv¢. This Is ¢18$sifd as l¥tricIed unkns re 1$ 8 C(btwlual reqrement for it to be spent on a parlKular puryose and re¢umed il unspent. in whth ease it may be regarded as re$lricied. R••ourc•• •xp•nd•d ExpenditsJr8 15 recognised on accry baso as a liablty is inrTed. Expenditure intdeS aThy VAT %thith cannot lulty recovered, and is daurfknd wder of Ihe Statement of rn¢al aclivities ¢0 which It relates.. * expenditure on raisitvJ luThJs Ind)95 the sts ol al athli89. wents, nchantse Iradirg acbwbes. and Iho Sè of donated gxK#J5. 4 expenditure on charitable aclvth5 Indude5 all cosls by a ¢h8nty in undertaktng actiwbes thei fvrther its charitaL4e aims Ihe ol rts berffjficiaries. Nludwy thr)se supp(1 $ts and cosls relabng lo Ihe governance ol Ihe charity apportKyd lo charilabkn xtivfv5. . 0¢h expendrture indudos al xpen¢Jitin Ihal 15 relaled lo IJ$ lorthe charty nor part of its ex11¢Ure on ¢harilable #cli8& l Costs are alxaled to expendilure CategoS refie(*ng the use ol the r05wrcÈ. Di1 wsts attributatA8 10 a single ttyre alkxa18d di¥8cbyto thal actiwty. Shared Costs afe apP0j beh%n the acti¥ilies io a aSble. ws15fiab and consistent bas. Tart9lbl• •ss•ts Tangible assets a Initialty recorded at cost. and stknsewttyslaied at C051 less ary accumulated deprecialion and irnpairmenl bsses. Any laThJib assets 81 revalued amwrtts afe recorded al the lair value al the date of revaluat less any subsewenl MUlad d8swectsqlK)n aThJ subseovert accumulaled iThDairment h)Sses.
Bedford Hindu Temple and Community Trust Notgs to tho Financial Statemonts Year ended 31 March 2024 3. Accounting poll¢lfrs f¢oniinrKdJ Tnglbl• as8•1¥ i¢oTriinu•O) incréase in IhÈ carrying arnounl of an ass81 as a rèsLdl of a revalualin. Is recA)grMstd in other recognised gains and losses. unless il reverses a charge IfK 1ft4Jainnenl that has prevthsly 088n rec(yJni50d a$ expenditure within the 51alernent of fmanual activities. Ath(a5e in the carwTrJ amwnl ol an o55el a$ a resutt ol revalualion. 1$ recogni51 in ¢)ther rocojnised wns anrf105. excopl lo which it offset$ any w6VI(KJ5 re¥aluaDon gatn, In whth ¢ose Ihe ILXS ilhin other rec£#Jnis8d 98IM and sses on the stalement of (n¢131 acliviues. Impalfm•nt offlx•d wds•ts A review lor Indi¢aiors ol impa¥wi is carfled (xjl at ch repmi ¢Jale. the fecoverable Brnounl ing 8$1iftwied ¥vherg such indicaim oxisl. Where Ihe ¢affwng vtho ex¢8eds the reco¥¢rabb am(xmL Ihg a$50t Is Inwired acc¢ydiryty. a80 FO)ssth r6rn81 al reporting dale. For Ihe purF4)8•8 01 iryalrnwrt t•skng, ¥rtn11 pomltde lo wtimbto the rK0rable gfftyjnt ol an Individual ossel. an estlmalels made ol the wtwerthe nI d Ihe cashllgen¢falir¥J unil to whlch Iho ssel belongs. The casherrnDry unrt is smallosl ideffttyfiae gr¥yJp of asse15 th81 Include5 Ihe assel 8NJ generatss cgsh inlhywJ that 01 th8 cash irdlrs olhw assèts ¢Y grwps ol a5sels. For inwinnent 188tlng of goothwll. Ihe bus4n8ss cnakn r4. frtyn the 8cqui$itiw dale. allocated to eo¢h of Ihe caswnew that are expected lo benefit Irom the lyr188 of Iho of ¢kn•ss•ts or li•bilie8 of the chantywg assigned to Iho$o unils. Fln•n¢l•l InitrumMts A financid assel or a Iihty is i¢¢wwsed ¢xty th• b¢ctyns • P•ty ks ¢tyiira¢tyJal pwsiom of tho imtrumonl. 885iG finan¢ial in$trum•nts •r• in1•11Y r•wr¥Md at Iho ¢y p•y8bl• indudirvJ arby reLqted Iransactn costs Currenl assets aTrJ cwrenl lialMhbfrS arn iuba•q• m•aSW al ts cash cther cLMkla0n •xp8cted lo be paid or re[¥¢ and Debt instrurnnts arn sub$eqwnty rrosw¢(181 gm$¢4 COSL Where tnvesimoAts in sharos aro pu¢41¢ty Ir&Jgd ortheir fair valu& can olh8Ms& be nwaswod r61iabty. th& Inlment Is subsequenty rnea5ured at fair ¥alJ8 wilh tharw in faK valvg r8CC4Jnised in irKom• and 8XP8ndilure. All othBr such iThv6slm8nL8 SubseqL)ty maswed al cost $$ irryairnnl Other flnan0 in51rurrents. in¢lKllrvJ deriv•Ow ore re¢r4nhed at Ir Ue. unless payftnt f an a5sel is dÈfetyÈd bend norma tyjsimss terns or finaed at 8 rate ol intwesl that is not a rnartat rate. In which case Ihe asset is rra5wed al Ihe presenl value ofthe fututs Pay7rlS diswjnted al a Ma81 rate of inlerest lor a sdebl ins¥1. Other financial inslruments are 5ubsequenlty al lair with any drge5 rec¥4nised In Ihe stalemerbt of finan¢Aal ac*TrAies. th8 exception ol he(kJw in51ruffwts a d6swal8d hedgirKJ relalionship
15 Bedford Hindu Temple and Community Trusl Notes to the Financlal Statements Y•ar ended 31 March 2024 3. kcountlng polici¢s (contlnu•dl FInanal InstrnmBnl• (contlnuédj Finanoal a55ets that are m&asured 8t cost OraMts5ed c05t are revitrd lorf"ec•¥e ewdenc ol IMpaient at lh8 eTh1 of each raF¢)rI dale. If there Is d)hB¢INe of irnpairrnenl, an impai?1 bs$ is Trcc¥Jnis8d n¢Jer the 8ppfopiiaie h8ading in slatemenl offKwal 1¥11•9$ Ihg inilid gain was r6¢0gnised. For all equity instruments re9ardths ol svJnifi¢ance, other fwniial assets Ihal 8r¢ divIduallY signifi¢ant. Ihese are assessed iTrJThi1du1YI¢ impa¥1. Other finantial assets are erfher assessed w¥Jividually Of groupod on the bask8 ofwrnilw crndl risk char•#erisks. Any reversals ol Impalrrwl ar¢ iec£¥n158d Immedialety, to lh8 •xtsnl th91 Ihe reversal dS not result In 4 carrying amourbt cd th8 finamal asset thai ex¢ee¢ts lthO Ca amjnt ha¥6 been had Ihe pairn¢nl not (l05ty t4¢n rocwised. Dort•¢$ and 1•gA¢b•• Totsl Fund• 2024 T•tsl Fund• 202• Oon•¢sons Donallons 75.870 Olh•r tradlng •¢tivttl•¥ yo1 Fund• 2024 Tow Fund¥ 2023 Fundrw51r#J events 1.992 Inv••lrn•nT i•M• Totsl Funds 2024 Tot1 Funds 2023 aank inlerest rtI• Y289.06 432 Gosts ol Ajslng don•tSpn¥ •nd tspac••& Total Funds 2024 Total Funds 2023 46.627
Bedford Hindu Temple and Community Trust Ilotes to the Flnanclal Statèments Yg•r •nd•d 31 M¥r¢h 2024 8 siaff eo•l• averw4e head count ol 8nwh)ye85 the ral Nil. rec•sv¢d k40Y80 benefits OIn¢than £60.(rfJ)dur¥wJ y12023.. Nill. TFusl•• r•mun•Ttlon an• •XD•r o remuneration or other benefits fromemplmeni with the ¢harityor a related eniit¥ were recÈl¥td by the Irustets 10 T•Dqlbl• ftx•d •M•l• C¢> AI I AMI 2023 31 March 2024 AddlonS 17.167 4t 31 M•rch 2024 ZJ.155 D•pr*datior At 1 Aorll 2023 al 31 March 2024 ¢arrylng •mvunl At 31 March 2024 23.1S5 Cr•d4torn: •moU1 hlllnq YAthin on• y•w 2024 1.621 12 An•lyil• of ch•rllabl• lund• Unr•sknri•d lund• At 1 W23 Il¥no At 31 Ilarch 2024 UnrosirK1ed fwd 110.785 87.159 46.627 151.317 110.785 78294 44.771 151.317 13 Analysls of chwys In Iirt d•bi 31 Mar 2024 Cosh 81 aThJ in haThl 35.855 129.782