THE VISHWA HIIqDU KENDRA SOUTHALL CIO CHARITY REGISTPATION NUMBER 1192504 2 WY MARGARET ROAD SOUTHALL MIDDLESEX UBI 2R FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 GARCHA & CO CHARTERED CER TIFIED ACCOUNTANTS & STATUTORY AUDITORS HEASLEIGH HOUSE 79A SOTyfH ROAD SOUTHALL MIDDLESEX UBI ISQ TEL: 020 8843 1816 9010 FAX: 020 8813 8249
THE VISHWA HINDU KENDPA SOUTHALL CIO CHARITY REGISTRTIoN I(UMBER 1192 504 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 CONTENTS PXGE Executive Comlllittee and Trustees annual report Auditor, 8 report statement 0£ financial actlvltes Balance sheet Note8 to the flnanclal statements 13
THE VISHWA HINDU KENDR6¥ SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 STATEMEwf OF THE BXECUTIVE COMMITTEE (THE TRUSTEES I RESPONSIBILITIES FOR THE YE2¥R ENDED 31ST MARCH 2024 The trustees are responslble for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) . The l'aw applicable to charitles In England & Wales requlres the trustees to prepare fLnancial staternents for each financial year whlch give true and tair view of the state 0£ af f airs of the charity and of the incoming resource8 and appllcation ot resources of the charity for that perlod. In preparing these f inancial statements, the trustees are required to: -select suitable con818tentlyi accounting pollc*eg and then apply them -obBerve the methods and princ&ple8 in the Char£tie3 SQRP,. -make J udgments prudent; and accountlng eBtimate8 that are reasonable and -state whether applicable accounting standards have been f ollowed, 8ubJect to any materlal departure6 disclosed and explalned in the . f InancLal 8tateTnents, and -prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charity wlll contlnue in business. The trustee8 are responaible f or keeplng Buf tlcient accounting record8 that disclose with reasonable accuracy at any time the flnaneial posltlon 0£ the charity and enable them to ensure that the . financial .statements comply with the Charitles Act 2011, the Charlty IAecount8 and Reports) Regulatlons 2008 and Lhe provislons of the trust deed/con8titutlon. They are also responsible for 8a£eguarding the assets of the charity and hence for taking reasonable Bteps for the prevention and detection 0£ £raud and other Irregularltles.
THE VISHWA HIEJDU KENDRA SOUTHALL CIO CHARITY REGISTPATION NUMBER 1192504 REPORT OF THE EXECUTIVE COMMITTEE (THE TRUSTEES) FOR THE YEAR ENDED 31ST MARCH 2024 '.The" Executive Committee IThe Trustees) presents accounts for the year ended 31st March 2024. its report and BACKGROUND Vishwa Hindu Kendra Ithe Charltyl was formed in 1976 for provlslon of central place 0£ worship in Seuthall and surrounding area. The Charity a registered charity with the Charlty Commission. The Charity a menthership body and its meTnbers consist of Ordinary, Associate and Lif e mentser8. Merftbership is open to ' Indlviduals who have full faith in HlndulsTn and the bellef 9 of Shri Sanatan Dharma In accordance with the requirement laid down in the Constitution. The Charity is governed by its Constitution as amended on the 9th March 1985. PURPOSE AND PRINCIPAL ACTIVITIES The purpose of the Charity is to bring about the Hlnduism and the philosophy 0£ Shri Sanatan Dhanna. awareness of 'The Princlpal actlvlties cf the Charlty are: to provide a central place 0£ worsh&p by Hlndu Prie8t8 for per£orming all the rellglous ceremonies and to conduct publlc worship, prayers and rlteg of births, marrlages and death. to prOVde guldance to those in need. to provide educatlonal recreatlonal yoga and Indlan musical facilities and lectures on Hlndu religion to all. REVIEW OF THE YEAR The Char ty continued all Its activltle6 throughout the year. Thls report is approved on behalt 0£ the Executive Cornmittee (The Tru8teesl Any two 0£ the following are authorised to sign on on behalf of the Executive Commlttee, The President, General Secretary and Flnance Secretary. Mr. Kash GENERAL SECRETARY M.R. Sharma FINANCE SECRETARY Mr. Josh FRBSIDENT DATED .
THE VISHWA HI1u KENDRA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 YEAR ENDED 31ST MARCH 2024 INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF THE VISHWA HINDU KENDRA SOUTFIALL CIO nion have,. audited the £inancial 8taternents of Vishwa Hindu Kendra f or ended "31.st March 2024 which comprise of the summary Incorne and Expenditure Account the Balance Sheet and the related notes . The Flnancial Reporting Framework that has been applied in their preparatlon is applicable law and United Kingdoln Accounting Standards includlng Financial Reporting standard 102 The Financlal Reporting ntandarcl apDI.I c.abl.p. in the UK IUniLed Kingdom Generally Ar.c.p.pt.e.d Accounting Practlcel . ,lri our, opinion, the £inancial staternents: glve a true 'and fair ITeW 0£ the state of the Charity's affairs as at 31st March 2024 and of it8 Income and expenditure for the year ended,. have been properly prepared In accordance with Unitea Kingdom Generally Accepted Accountlng Pratlce,. have been prepared in accordance wLth the requlrements of the Charltle8 Act 2011. ,Basls of o inlon Wè conducted our audlt in accordance wlth Internatlonal Standards on Auditing IUKI IISAS IUKI l and appllcable law. Our responsiblItIeS under those standards are f urther described in the Auditor, 8 responsibllltie8 £or the audit 0£ the financial Statements sectlon our report.we are independent 0£ the Charity In accordance with ethical requlrements that are relevant to our audlt of the £lnancial statements in the UK, including the FRC'S Ethlcal Standard, and we .have ' £uL.f illed our ethlcal re8ponslbllit&es in accordance with these requlrernents . We believe that the evidence we have obtalned su££icient and appropriate to provide a bas18 for our opinion. Concluslons relatln oin concern We have nothing to report respect of the £ollowlng matter8 to whlch the ISAS (UK) require u8 to report to you whère: the trustees, u8e ot the going concern baBI8 of accounting in the preparatioh of the financial statements Is not appropriate,. or the trustees have not disclosed in the tinancial statements any identif led material uncertalnties that may cast Bignif icant doubt about the Charity, s ability to contlnue to adopt the going concern basis of accounting for a period 0£ at least twelve months froTll the date when the flnancial sLaterAents are authorised for issue.
THB VISHWA HINDU KENDR SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 INDEPENDEirr AUDITORS, REPORT TO THE EXECUTIVE COMMITTEE (THE TRUSTEES) YEAR ENDED 31ST MARCH 2024 other inf ormation The trustees are re8ponsible for other information. The other nf ormation included in the annual report other than the f inancial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other inf ormation and, except to he extent epLIcitIY stated in our report. we do express any £orrA assurance conclusion thereon. Matters on which we are re ired to re ort b exce tion Iii tlie light of the l<nowledge and understanding of th8 Charity and its environment obtained in the course of the audit, we have not Identif led TnaLerial Tnisstatements in the Trustees, Annual Report. We have nothing to report in respect of the following matters where the ChariLie8 Act 2011 requires us to report to you n our opinlon: sufficient accounting records have not been kept,. the financlal 8tateTnents are not In agreement with the accounting records and returns. or we have not recelved all the information and explanations we requl're tor our audlt. Res onslbllitles 0£ the trustees As explalned more fully in the trustees, re8ponsiblllties on page 1-2 the tfU8tee8 are responsible for the preparatlon of the flnancial statementB and for being satlsfied that they glve a true and fair vlew, and £or such control as they determlne 18 necessary to enable the preparation 0£ flnancial statements that are free trom material IS3taternents, whether due to fraud or error. In preparing the £lnancial statement8, the trustee8 are responsible for assessing the charty, s ab&lity to continue as a going concern, disclosingi as applicable, matter8 related to going concern and uslng the going concern basis of accounting unle88 the trustees either intend to liquidate the Charity or to cease opertations, or have no realistlc alternative but to do so. Our res onsibilties for the audlt of the financlal staternenta Our objective are to obtain reasonable assurance about whether the financlal stateTf¥ents a8 a whole are free from material Tnisstatements, whether due to fraud or error, and to issue an auditor's report that ncludes our opinion. Reasonable assurance 18 a level of assurance but not a guarantee that an audit conducted in accordance with ISAS IUKI wlll always detect a material misstatement when it exists. Misstatements can arise trom fraud or error and are considered indlvldually or in aggregate, they could reasonably be expected to influence the economic decision of users taken on the basis of these financial statements. A further descrlptlon 0£ our reponsibilities for the audit of the financial statements is located on the Financial Reporting Council website. This clescription £crm8 part of our auditor, s report.
THE VISHWA HINDU KENDRA SOUTHALL CIO CHARITY REGISTFATION NtJMBER 1192504 INDEPENDENT AUDITORS, REPORT TO THE EXECUTIVE COMMITTEE ITHE TRUSTEES) YEAR ENDED 31ST MARCH 2024 Use of our re ort This report made soley to the Charity, s trustees, as a bodyi in accordance with sectlon 144 ot the Charlties Act 2011 ana the regulations made under section 154 0£ the Act. Our audit work has been undertaken so that we might state to the Charity, s trustees those matters we are requlred to state to thern In an auditor, s report and for no other purpose. To the fullest extent permitted by law, we not accept or assurfte responslbllity to anyone other than the. Charity, s trustees a8 a body, for our audit work, for this report, or for the opiniona we have formed. Mr. S.S. Garcha Senior Statutory Auditor Garcha & Co Chartered Certitled Acccuntants & statutory Audltors Heasleigh Houge 79A South Road Southall Middle8ex UBI ISQ Date:
THE VISHWA HIDIDU KENDRA SOTJfHALL CIO CHARITY REGISTFATION NUMBER 1192504 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST 14ARCH 2024 NOTES TOTAL TOTAL RESTRICTED UNRESTRITED FUNDS Fi7NDS 2024 2023 INCOME AND EXPEFIDITURE INCOMIVIG RESOURCES Charawa and donations Car parklng charge8 Gif t Ald ref und 358, 967 114, 800 31, 598 69,550 358, 967 114, 800 31, 598 69,550 353, 513 102, 926 29,286 62,000 Furlough grant Insurance elalm Investment income 45 TOTAL INCOMING RESOURCES 574, 915 574, 91S 547,770 RESOURCES EXPENDED Drect expendltute Fundraislng and publicity Management and admlnlstratlon of the charlty 161, 590 966 161, 590 966 146, 224 168 362,456 362,456 290, 281 TOTAL RESOURCES EXPENDED 525, 012 525, 012 436, 673 NET INCOMING I OUTGOING .'RESOURCES FOR THE YEAR 49,903 49,903 111, 097 Balance brought forward at 18t April 2023 4,276,448 4,165,349 BJILANCE CARRIED FORWARD AT 31st March 2024 4,326,351 4,276,446 '.Al.l of.. "the. above . results are derived from continuing activitles. All gains and losses reeognised in the year are included above.
THE VISIIWA HINDU KENDRA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 BAL4NCE SHEET AS AT 31ST MARCH 2024 2024 2023 NOTES FIXED ASSETS Tangible f ixed assets 6,125,510 6,189,860 CURREwf ASSETS Debtors and . prepayments8 Cash at bank 71,005 182, 134 39,392 503, 245 253, 139 542, 637 LIABILLTIES: ATnounts £alling due within one year 262,893 242, 798 NET CURRENT I LIABILITIES ASSETS 19,7541 299, 839 TOTAL ASSETS LESS CURRENT IABILITIES 6,115,756 6,489,699 LONG TERM LIABILITY Amount3 falling due a£ter rnore than one year 1, 789,405 2,213,253 NET ASS2TS 4,326,351 4,276,446 Unre8trlcted £und8 li 4,326,351 4,276,446 4,326,351 4,276,446 These 'accouDts were approved by the Board cf TruBteeB and signed on their behal£ by Ji i Mr. R. Kash a GEblEPJ4L SECRETARY M.R. Sharma FINANCE SECRETARY Mr. PRES Joshi ENT DATED: l.
THE VISHWA HINDU KENDR SOUTHALL CIO CEIARITY REGISTPATION NUMBER 1192504 NOTES TO THE ACCOTJwfs FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES These accounts have been prepared in accordance with the Charities ACL 2011, Charity SORP FRS102 The account8 have been prepared under the historical cost basis. Income Income is included gro8S, Wlthout netting o£f any related expenditure. Income is generally recognised when the charity becomes entitled to the resources, when receipt probable and when the monetary amount can be rneasured w&th suf ficent reliabilty. Specif ic policies relatLng to the chariLy' s particular Income sources are as follows: Donations are included in the Statement 0£ Financlal Activities ISOFAI gross of any related tax recIaTh. endlture Liabilities are Included once the charity Is under a legal or constructive obligation to transf er economic resoures . Co8tB of charltable actlvitle8 include those costs directly attrlbutable to aetivltles undertaken in pursult 0£ the charlty, obj ects. other expenditure Includes governance costg which nClUde all costs relating to COTnplying wlth legal and regulatory requlrment8. Funds structure Unrestricted funds are those funds expendable at the discretlon 0£ the Trustees in accordance wlth the charltable obJect8. Restr&cted funds may only be utillsed in accordance with the wlshes 0£ the donor. Taxation As a reglstered charity, It 18 generally exempt from income tax and capital gaLn8 tax on It8 charitable activities, but not frorn VAT. Irrecoverable VAT is included In the cost of those Items to which It relates. Trustees, emoluments None of the trustees have received any rernuneratlon, expenses or benef its from the charity. Related art transactions There have been no related party transactlons in the reporting perlod that re¢wlre di8closure. DEPRECIATION Provision 18 made for depreciation on land and buiiaings at l* on cost.
THE VISHWA HIIqDU KE14DRA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 NOTES TO THE ACCOtJNTS FOR THE YEAR ENDBD 31ST MARCH 2024 DONATIONS AND GIFTS 2024 2023 Donat ions 358, 967 353, 513 358, 967 353, 513 RESOURCES EXPENDED RESTRICTED UNRESTRICTED FUNDS FTJNDS TOTAL 2023 TOTAL 2023 Dlrect chartable ex Educational expense8 Functional expenses DOnatOnG Water rate8 and councll tax Cleanlng expenses Insurance Light and heat Repairs and maintenance Prlnting and stationary enditure 750 22,524 2,652 17,306 10,888 8,489 72,247 26,734 750 22,524 2,652 17,306 LO,888 8,489 72,247 26,734 23,177 3,039 14,050 12,232 7,173 39,571 46,351 631 161, 590 161, 590 146,224
io THE VISHWA HINDU KENDRA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 Fundraisin Advertising and ublicit 966 966 168 966 966 168 Mana ement and Administration 0£ the Charit Wages Pension Telephone and postage Prof esslonal f ees Auditors f ee8 Flnancial servlce charge Legal f ees Licerice f ees Bank charges and overdratt Interest Depreclation charge Loan Interest 106,5l9 1, 037 2,257 4,080 2,700 1, 748 106, 549 1,037 2,257 4,080 2,700 1, 7413 91,627 2,107 5,040 2,400 I,J6Y 1,920 576 2,344 64,350 176, 815 576 2,344 64,350 176, 815 2,303 64,350 119, 165 362,456 362,456 290, 281 OTHER OPERATING INCOME 2023 2023 Rent receivable Car parklng chargeg 69,550 114, 800 62,000 102, 926 £ 184,350 £ 164,926
li HE VISHWA HINDU KENDRA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 EMPLOYEE INFORMATION 2023 2023 staf f costs: Wages ana 8alaries other pension costs 106, 549 1,037 91,627 107, 586 91,627 The average weekly number of employees durlng the year was made up a8 follow8: No. No. Employees INTEREST PAYABLE 2023 2023 On long tern loans Financlal 8ervlce charge 176, 815 1,748 119, 165 1,369 £178, 563 £120,534 TANGIBLE FIXED ASSETS
12 THE VISHWA HINDU KENDPA SOUTHALL CIO CHARITY REGISTRATION NtJMBER 1192 504 NOTES TO THE 3¥CCOUNTS FOR THE YEAR ENDED 31ST MReH 2024 Freehold Land and bu&ldin Fixtures and f ittin Plant and ment Moorti Total Cost: At 1st April 2023 & At 318t March 2024 6,435,975 6,435,975 ' Depr.eciation: At 1st. April 2023 Charge f or year 246, 115 64,350 246, 115 64,350 At 31st March 2024 310, 465 310, 465 Net book value at 31st March 2024 6,125,510 6,125,510 Net book value at 31st March 2023 6,189,860 6,189,860 FREEHOLD PROPERTY ,These èon8Igt 0£,. 2 Lady Margaret Road, Scuthall 4 Lady Margaret Road, Southall Leasehold land rear 0£ Town Hall Construction cost of new building Freehold land rear of Town Hall 334, 164 79,443 333, 623 1,601,110 101,408 2,036,141 3,985,227 Fairlavm Hlgh Street, Southall 6,435,975 The Charity Bank Ltd has a charge on Fairlawn, High Street, Southall 2 and 4 Lady Margaret Road Southall are registered in the name ot the trustee8 on behal£ of the charity. There is a re8trictlon on the deed.
13 THE VISHWA HINDU KENDRA soirrHALL CIO CHARITY REGISTIU¥TION NUMBER 1192504 NOTES TO THE ACCOUNTS FOR THE YEAR EIqDED 31ST MARCH 2024 DEBTORS 2024 2023 Debtors Prepayments 70,653 352 38,003 1,389 71,005 39,392 CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdraft (see note 10.11 Trade credltors other taxe8 and soclal securlty costs other creditors Accrual8 192, 684 49, 61,1 1,580 9,143 9,869 208, 800 6,078 1,458 10,322 16,140 262,893 242, 798 io. CREDITORS AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (Bee note 10.11 1,789,405 2,213,253 1,789,405 2,213,253 10. l The total amount of bank loan8 and overdra£t8 wa8 as follows: Bank loan current portion 192, 684 208, 800 Fallng due after more than one year: 1,789,405 2,213,253 1,789,405 2,213,253 Total. bank borrowlngs 1,982,089 2,422,053 The bank loan of .£1, 982, 089 repayable in Tnonthly instalment8 of £17,400. 00. The rate of interest on the loan is 2.75* over the base rate.The loan is secured by a fixed charge on the £reehold propertyi Fairlawn, Hlgh St, Southall UBI 3HB.
14 THE VISHWA HIIqDU KENDR SOUTHALL CIO CHARITY REGISTRATION NUMBER 11925 04 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 ii. MOVEMENT IN FUNDS 2024 Balance as at 1st April 2023 Unrestricted fund5 Incoming Resources Resources Expended Transf ers: Fixed A8set 4,276,448 574, 915 1525, 0121 At 31ot March 2024 4,326,351 Restricted f unds TOTAL FUNDS 4,326,351 The unrestricted reserves ot £ 182, L34 are held for the £undlng needs of the charity.