Shri Kalpaga Hindu Culture Association
Charity No. 1188276
Company No. CE020927
Trustees' Report and Unaudited Accounts
30 April 2025
Shri Kalpaga Hindu Culture Association Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 1 to 1 |
| Statement of Financial Activities | 2 to 2 |
| Summary Income and Expenditure Account | 3 to 3 |
| Balance Sheet | 4 to 4 |
| Statement of Cash flows | 5 to 5 |
| Notes to the Accounts | 6 to 6 |
| Detailed Statement of Financial Activities | 7 |
Page 1
Shri Kalpaga Hindu Culture Association Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 April 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE020927
Charity No. 1188276
Registered Office
UNIT 38
42&43 PORT TALBOT WORKSHOPS ADDISON ROAD PORT TALBOT SA12 6HZ
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
S. Kumarasamysarma
A. Mallipedhi
S. Sarvesvarakurukkal
R. Sivapalan
K. Somaskanadarajah
Accountants
Grip Business 101 Lockhurst Lane Coventry CV6 5SF
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
S. Sarvesvarakurukkal
Trustee
29 January 2026
Page 2
Shri Kalpaga Hindu Culture Association Statement of Financial Activities
for the year ended 30 April 2025
| Notes Income and endowments from: Donations and legacies 4 Total Expenditure on: Raising funds 5 Other 6 Total Net gains on investments Net (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2025 £ 143,975 |
Total funds 2025 £ 143,975 |
Total funds 2024 £ 95,561 |
|---|---|---|---|
| 143,975 45,822 99,429 |
143,975 45,822 99,429 |
95,561 30,979 64,196 |
|
| 145,251 - |
145,251 - |
95,175 - |
|
| (1,276) - |
(1,276) - |
386 - |
|
| (1,276) | (1,276) | 386 | |
| (1,276) 1,665 |
(1,276) 1,665 |
386 1,279 |
|
| 389 | 389 | 1,665 |
Page 3
Shri Kalpaga Hindu Culture Association Summary Income and Expenditure Account for the year ended 30 April 2025
| Income Gross income for the year Expenditure Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2025 £ 143,975 143,975 145,251 145,251 (1,276) (1,276) |
2024 £ 95,561 |
|---|---|---|
| 95,561 | ||
| 95,175 | ||
| 95,175 | ||
| 386 | ||
| 386 |
Page 4
Shri Kalpaga Hindu Culture Association Balance Sheet
at 30 April 2025
| Company No. CE020927 Notes 2025 £ Fixed assets Investments 8 97,000 97,000 Current assets Cash at bank and in hand 897 897 Creditors:Amount falling due within one year 9 (97,508) Net current liabilities (96,611) Total assets less current liabilities 389 Net assets excluding pension asset or liability 389 Total net assets 389 The funds of the charity Restricted funds 10 Unrestricted funds 10 General funds 389 389 Reserves 10 Total funds 389 |
2024 £ 97,000 |
|---|---|
| 97,000 1,346 |
|
| 1,346 (96,681) |
|
| (95,335) 1,665 |
|
| 1,665 | |
| 1,665 | |
| 1,665 | |
| 1,665 | |
| 1,665 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 29 January 2026
And signed on its behalf by:
S. Sarvesvarakurukkal
Trustee
29 January 2026
Page 5
Shri Kalpaga Hindu Culture Association Statement of Cash flows for the year ended 30 April 2025
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Increase/(Decrease) in trade and other payables Net cash (used in)/provided by operating activities Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2025 £ (1,276) 827 (449) - - (449) 1,346 897 897 897 |
2024 £ 386 (319) |
|---|---|---|
| 67 | ||
| - | ||
| 97,000 | ||
| 97,067 | ||
| 1,279 | ||
| 98,346 | ||
| 1,346 | ||
| 1,346 |
Page 6
Shri Kalpaga Hindu Culture Association Notes to the Accounts
for the year ended 30 April 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Shri Kalpaga Hindu Culture Association Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
Shri Kalpaga Hindu Culture Association Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
Shri Kalpaga Hindu Culture Association Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Total Expenditure on: Raising funds Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies 5 Expenditure on raising funds Costs of generating voluntary income |
Unrestricted £ 143,975 143,975 Unrestricted £ 45,822 45,822 |
Unrestricted funds 2024 £ 95,561 95,561 30,979 64,196 95,175 386 386 386 1,279 1,665 Total 2025 £ 143,975 143,975 Total 2025 £ 45,822 45,822 |
Total funds 2024 £ 95,561 |
| 95,561 30,979 64,196 |
|||
| 95,175 | |||
| 386 | |||
| 386 | |||
| 386 1,279 |
|||
| 1,665 | |||
| Total 2024 £ 95,561 |
|||
| 95,561 | |||
| Total 2024 £ 30,979 |
|||
| 30,979 |
Page 10
Shri Kalpaga Hindu Culture Association Notes to the Accounts
6 Other expenditure
| Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 7 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 8 Investments Cost or revaluation At 1 May 2024 At 30 April 2025 Net book values At 30 April 2025 At 30 April 2024 9 Creditors: amounts falling due within one year Bank loans and overdrafts Other taxes and social security Other creditors |
Unrestricted £ 30,093 423 22,440 35,873 10,600 99,429 2025 30,093 30,093 2025 £ 97,000 508 - 97,508 |
Total 2025 £ 30,093 423 22,440 35,873 10,600 99,429 Other investments - Unlisted £ 97,000 97,000 97,000 97,000 |
Total 2024 £ 23,015 38 28,294 11,238 1,611 |
|---|---|---|---|
| 64,196 | |||
| 2024 23,015 |
|||
| 23,015 | |||
| Total £ 97,000 |
|||
| 97,000 | |||
| 97,000 | |||
| 97,000 | |||
| 2024 £ 97,000 - (319) |
|||
| 96,681 |
Page 11
Shri Kalpaga Hindu Culture Association Notes to the Accounts
10 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 11 Analysis of net assets between funds Investments Net current assets 12 Reconciliation of net debt Cash and cash equivalents Bank loans Net debt |
At 1 May 2024 1,665 1,665 |
Incoming resources (including other gains/losses ) £ 143,975 143,975 At 1 May 2024 £ |
Resources expended £ (145,251) (145,251) Unrestricted funds £ 97,000 (96,611) 389 Cash flows £ |
At 30 April 2025 £ 389 |
|---|---|---|---|---|
| 389 | ||||
| Total £ 97,000 (96,611) |
||||
| 389 | ||||
| At 30 April 2025 £ |
||||
| 1,346 | (449) | 897 | ||
| 1,346 (97,000) (97,000) (95,654) |
(449) - - (449) |
897 (97,000) |
||
| (97,000) | ||||
| (96,103) | ||||
| 13 Related party disclosures Controlling party |
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 12
Shri Kalpaga Hindu Culture Association Detailed Statement of Financial Activities
for the year ended 30 April 2025
| Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Costs of generating donations and legacies Total of expenditure on raising funds Employee costs Salaries/wages Motor and travel costs Travel and subsistence Premises costs Rent Light, heat and power Other premises costs General administrative costs, including depreciation and amortisation Bank charges Equipment expensed Equipment leasing and hire charges Equipment repairs and maintenance General insurances Subscriptions Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees |
Unrestricted funds 2025 £ 143,975 143,975 143,975 45,822 45,822 45,822 30,093 30,093 423 423 17,518 4,733 189 22,440 - 2,543 3,870 23,908 2,447 2,403 702 35,873 600 10,000 |
Total funds 2025 £ 143,975 143,975 143,975 45,822 45,822 45,822 30,093 30,093 423 423 17,518 4,733 189 22,440 - 2,543 3,870 23,908 2,447 2,403 702 35,873 600 10,000 |
Total funds 2024 £ 95,561 |
|---|---|---|---|
| 95,561 | |||
| 95,561 30,979 |
|||
| 30,979 | |||
| 30,979 23,015 |
|||
| 23,015 | |||
| 38 | |||
| 38 | |||
| 28,294 - - |
|||
| 28,294 | |||
| 40 - 345 10,500 353 - - |
|||
| 11,238 | |||
| 950 125 |
Page 13
Shri Kalpaga Hindu Culture Association Detailed Statement of Financial Activities
| Shri Kalpaga Hindu Culture Association Detailed Statement of Financial Activities |
|||
|---|---|---|---|
| Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
- 10,600 99,429 145,251 - (1,276) (1,276) - (1,276) 1,665 389 |
- 10,600 99,429 145,251 - (1,276) (1,276) - (1,276) 1,665 389 |
536 |
| 1,611 | |||
| 64,196 | |||
| 95,175 - |
|||
| 386 | |||
| 386 - |
|||
| 386 | |||
| 1,279 | |||
| 1,665 |
Page 14