THE VISHWA HINDU KEDIDRA SOUTHALL CIO CHARITY REGISTPATION NUMBER 1192504 2 LADY MARGARET ROAD SOUTHALL MIDDLESEX UBI 2RA FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 GARCHA & CO CHARTERED CERTIFIED ACCOUNTANTS & STATUTORY 2¥UDITORS HEASLEIGH HOUSE 7 9A SOUTH ROAD SOUTHALL MIDDLESEX UBI ISQ TEL: 020 8843 1816 9010 FAX: 020 8813 8249
THE VISHTrIA HINDU KENDRA SOiTfHALL CIO CHARITY REGISTRATION EIUMBER 11925 04 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENTS PAGE Executive Committee and Trustees annual report Auditor, report statement of f inancial activite8 Balance sheet Notes to the £inancial statements 14
THE VISHWA HINDU KENDRA SOWHALL CIO CHARITY REGISTRATION NUMBER 1192504 STATEMENT OF THE EXECUTIVE COMMITTEE (THE TRUSTEES) RESPONSIBILITIES FOR THE YEAR ENDED 31ST MARCH 2025 The trustees are responsible £or preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United KingdoT Generally Accepted Account.ing Practicel The law applicable to charities in England & Wales requires the L'LusLgeb Lu )Le)l-e financial £3tateTnentg for oach financial year which give true and falr view of the state of af fairs of the charity and 0£ the incorning resources and application of resources u£ tlie chaiity for that poriod. In preparing trheBe financ.ial. statements, the trustee8 are required to: accounting policles -8elect 8Ultable conslstently,. and then apply thern -observe the methods and principles and accounting estimates that are n the CharLties SORP,. -make Judgments prudent,. -8tate whether appllcable accountlng standards have been followed, subject to any material departures dlsclosed and explained the £inancial statements, and -prepare the flnancial statement8 on the going concern basis unless it L8 inappropriate to presume that the charlty will continue in business. reaBonable and The trustees are responslble for keeplng suff icient accountlng records that di8cLose with reasonable accuracy at any time the f inancial positlon 0£ the charlty and enable them to ensure that the financial stateTrent8 Comply with the Charlties Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the tru8t deed/constitutlon. They are also responsible £or saf eguarding the assets 0£ the charity and hence for taking reasonable steps £or the prevention and detection of fraud and other irregularities.
THE VISHWA HINDU KENDRk soufHALL CIO CHARITY REGISTRUTION NUMBER 1192504 REPORT OF THE EXECUTIVE COMMITTEE ITHE TRUSTEESI FOR THE YEAR ENDED 31ST MARCH 2025 The Executive Committee (The Trustees I presents accounts for the year ended 31st March 2025. its report and BACKGROUND Vishwa Hindu Kendra (the Charity) was tormed in 19.16 for provislon of central place of worship in Southall and surrounding area. Tlie Chai-ity is a regi8tercd charity with the Charity C'ommission. The Charity a membership br)dy and its members consist of Ordinary, Associate and Life tnembers. Membership open to individual who hav8 full faith in Hindiiiqm and tr.hp. belief 8 Shri Sanatan Dharma in accordance with the requirement lald down in thp. f.nn.4tr.itr.iition. The Charity 18 governed by its Constitution as aTnended on the 9th March 1985. PURPOSE AND PRINCIPAL ACTIVITIES TTrie VUIVU8e of the ChaL-Lty is to bring about the Hinduism and the philosophy of Shri Sanatan Dharma. The Principal activitie8 of the Charlty are: to provide a central place of worship by Hindu Priests for perforrning all the religious ceremonies and to conduct public worship, prayers and rites of blrths, marriage8 and death. to provide guidance to those in need. to provide educational recreational yoga and Indian musical faellities and lecture8 on Hindu religion to all. awareness of REVIEW OF THE YEAR The Charity continued all its activities throughout the year. This report is approved on behalf of the Executive Committee (The Trustees) Any two of the following are authorised to sign on on behalf of the Executive Committee, The President, General Secretary and Finance Secretary. Ylr. Kash GENERAL SECRETARY Mr. M.R. Sharma FINANCE SECRETARY Joshi PRESIDENT DATED: bz
THE VISHTrIA HINDU KENDRA SOUTHALL CIO CHARITY REGISTPATION NUMBER 1192504 YEAR ENDED 31ST MLRCH 2025 INDEPENDENT AUDTTORS, REPORT TO THE TRUSTEES OF THE VISHWA HINDU KENDRA SOUTHALL CIO o InLon We have audited the flnancial statements of Vishwa Hindu Kendra £or year ended 31st March 2025 whlch comprise of the summary Income and FIKpenditure Account the Balance Sheet and the related notes. The Financial Reportinq FraTnework that ha8 been applied in their preparation is applicable law and Unlted Kingdom Account.i.ng Standards including Flnancial Reporting Standard 102 The Financial Reporting standard applicable the UK (United Kingdom Generally Accepted Ac.v.niint..inq Practicol In Olir opinion, t.hp. financial statements: give a true and fair view vl Llie state of the Charity's affairs ao at 318t March 2025 and 0£ Lts Income and expenditure for the year ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pratice,. have beèn prepared In accordance w&th the requirementB of the Charlties Act 2011. Basi8 of o nion We conducted our audlt in accordance wlth Internatlonal Standards on Auditing IUKI IISAS IUKI l and applicable law. Our respon8ibllities under those standards are further described the Audtor, s responslbillties £or the audlt of the flnancial statements section of our report.we are Independent of the charlty in accordance wlth ethlcal requirements that are relevant to our audit 0£ the f Inanclal statements n the UK includlng the FRC, s Ethical Standard, and we have fulf illed our etiiical respon8lbillties In accordance wlth these requirements . We believe that the evidence we have obtained suftlcient and appropriate to provide a basLs for our opinion. to oln Concluslon8 relatin concern We have nothing to report in respect of the f ollowing matters whlch the ISA8 IUKI require us to report to you where: the trusteeB' Uge of the golng concern basis 0£ accounting in the preparation of the f inancial staternents is not appropriate,. or the trustees have not disclosed in the financlal statements any identif Led material uncertainties that may cast slgnif icant doubt about the Charity, s ability to continue to adopt the going concern basis of accounting for a period of at least twelve Months from the date when the financial statements are authorised for issue. to
THE VISHWA HINDU KENDPA SOTJfHALL CIO CHARITY REGISTRATION NUMBER 1192504 INDEPENDENT AUDITORS, REPORT TO THE EXECUTIVE COMMITTEE (THE TRUSTEESI YEAR ENDED 31ST t¥iARCH 2025 Other inf ormation The trustees are responsible f or other in£ormation. The other inf ormation included in the annual report other than the f inancial statements and our auditor's report thereon. Our opinion on the £.i.nane.lal statements does not cover the other inf ormation and, p.xr.e.pt to he extent explieitly Btated in our report. we do express any fnrn assurance concluslon thereon. Matters on which we are re. iiirp.d t.o re ort b exce tion In the light of the knowledge and understandlng of the Charity and it environmont obtainfid in the COLirse nf trhp. aiidit., we have not identified material misstateTnents in the Trustees, Annual Report. We havp. nothing to report in respect 0£ the following matter8 where the charit&e8 Act 2011 requires us to report to you in our oplnion.. suf f Icient accountlng records have not been kept,. the £lnancial 8tatement8 are not in agreement wlth the accounting records and returns; or we have not recelved all the information and explanations we require for our audit. Res onslbilities 0£ the trustees As explained More fully in the trustees, responslbillties on page 1-2 the trustees are responslble for the preparation of the f inancial stateTnents and for being 8atisfled that they give a true and f air view, and for such control as they determine is necessary to enable the preparation of financial statements Lhat are free £rom material mls8tatement8, whether due to fraud or error. In preparing the financial statements, the trustees are responsible f or assessing the charity, s abllity to Continue as a going concern, digclosingi as applicable, matters related to going concern and using the going concern basis of accountlng unless the tru9tees elther intend to Ilquidate the Charity or to ceaBe opertatons, or have no realistic alternative but to do so. Our res onsibiltles for the audLt of the financial stateTnent8 Our objective are to obtain reasonable assurance about whether Lhe financlal statements as a whole are free from material rnigstateTnents, whether due to traud or error, and to issue an auditor, s report Lhat includes our opinion. Reasonable asgurance is a level of assurance but not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstateTnent when it exists. Misstaternents can arige from fraud or error and are considered individually or in aggregate, they Could reasonably be expected to inf luence the economic decision 0£ users taken on the basis 0£ these f inancial statements. A further descrlption of our reponsibilities for Lhe audit of the flnancial statements is located on the Financial Reporting Council website. This description fom8 part of our auditor, s report.
THE VISHWA HINDU KENDFJ¥ SOUTHALL CIO CHARITY REGISTPATION NUMBER 1192504 INDEPENDENT At]DITORS' REPORT TO THE EXECUTIVE COMMITTEE (THE TRUSTEES I YEAR ENDED 31ST MARCH 2025 Use of our re ort This report is made soley to the Charity's trustees, as a body, ac.c.nrdanr.p. with section 144 of the Charitles Act 2011 and the regulations made under section 154 of the Act. Our audit work ha8 ljeeii uiiaeL Lakeii 30 thut we might state to the Charity, s trriistees those matters we are required to stat.e. t.o t.hp.m in an auditor. s report and £or no other purpose, To the fullest extent perrrLitted by law, we flr nntr. ar.c.e.pt or agBumo roGponciblllty to anyone ntrhp.r r.han the Charity, trustees a8 a body, for our audlt work, for this report, or for the opinions we. have. £ormed. Mr. S.S. Garcha Senlor Statutory Auditor Garcha & Co Chartered Certlf led Accountants & statutory Audltors Heasleigh House 79A South Road Southall Mlddlesex UBI ISQ Date:
THE VISHWA HIIqDU KENDR SOtyrHALL CIO CHARITY REGIsTRTION NUMBER 1192504 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 NOTES TOTAL TOTAL RESTRICTED UNRESTRITED FUNDS FrJNDS 2025 2024 INCOME AND EXPENDITURE INCQMINC, REGOURCEV Charawa and donat.i nn Car parking charges Gif t Aid retund Rent b'urlough grcifLL Insurance claiTn Investment income 407, 937 131, Jf04 27,004 56,128 407, 937 131, 504 27,004 56,128 358, 967 114, 800 31,598 69,550 TOTAL INCOMING RESOURCES 622, 573 622, 573 574, 915 RESOtnicES EXPENDED Dlrect expenditure Fundraising and publicity Management and adminlBtration of the charity 100, 291 646 100, 291 646 161, 590 966 340, 613 340,613 362,456 TOTAL RESOURCES EXPENDED 441, 550 441, 550 525, 012 NET INCOMING/ IOUTGOINGI RESOURCES FOR THE YEAR 181, 023 181, 023 49,903 Balance brought forward at 1st April 2024 4,326,354 4,276,448 BALANCE CARRIED FORWARD AT 31st March 2025 4,507,377 4,326,351 All 0£ the above results are derlved from contlnuing activities. Xll gains and 1088es recognised in the year are included above.
THE VISHWA HINDU KENDRA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 BALANCE SHEET AS AT 31ST MARCH 2025 2025 2024 NOTES FIXED JiSSETS Tanqible f ixed assets 6,061,160 6,125,510 CURRENT ASSETS Debtors and prepayments8 Cash at bank 39,453 386, 146 71,005 182, 134 425, 599 253,139 LIABILITIES: Amounts falling due within one year 211,730 262, 893 NET CURRE14T ASSETS ILIABILITIESI 213, 869 19,7541 TOTAL ASSETS LESS CURRENT LIABILITIES 6,275,029 6,115,756 LONG TERM LIABILITY Amounts falling due after ore than one year 1,767,652 1,789,405 NET ASSETS 4,507,377 4,326,351 FUNDS Unrestricted f unds li 4,507,377 4,326,351 4,507,377 4,326,3SI These accounts were approved by the Board ot Trustees and signed on their behalf by Mr. Kash GENEPAL SECRETARY Mr. M.R. Sharma FII4ANCE SECRETARY Mr. PRE Joshi IDENT DATED: 2DZ6
THE VISHWA HINDU KENDRA SOUTHALL CIO CIIARITY REGISTPATION NUMBER 11925 04 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST IWiCH 2025 ACCOUNTING POLICIES These accounts have been prepared in accordance wlth the Charitie8 Act 2011, Charity SQRP FRS102 The accounts have been prepared under Lhe historlcal cost basi8. Tnr.nme. Income is included qrosB, Wlthout nettlng of f any related expenditure. Income is generally recOgnI4ed when the charlty becoThes entitle.d to tr.he resources, when receipt is probable and when the monetary amount can be Tneasured with suf ficent reliabilty. Specific policie8 relating to the chaiity, 8 parLicular inoomo aoiirceg a.re as .fDllnws'. Donations are incliided .in t.hp. Statement of Financial Activltles ISOFAI gross ot any related tax reclaim. Ex enditure Liabllities are included once the charlty Is under a legal or con8tructlve obligation to tran8f er economic resoures. Costs of charitable activlties itlclude those co8t8 dlrectly attributable to activities undertaken in pursuit of the charity's objects. Other expenditure includes governance costs which include all costs relating to complying with legal and regulatory requirmants. Funds structure Unrestricted funds are those fund8 expendable at the dlscretion of the Trustees In accordance with the charitable objects. Restricted fundg may only be utilised in accordance with the wishes 0£ the donor. Taxatlon As a reglstered charlty, it Is generally exempt from income tax and capital galns tax on It8 charitable actlvities, but not from VAT. Irrecoverable VAT is included in the cost of those Items to whlch It relates. Trustees, emoluments None OE the trustees have received any remuneratlon, expenses or benef its from the charity. Related art transactions There have been no related party transactions in the reporting perlod that require disclosure. DEPRECIATION Provision is made for depreciation on land and bulldings at l* on cost.
THE VISHWA HINDU KENDRk SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192S04 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 DON21TIONS AND GIFTS 2025 2024 Dnnat.i nnFJ 407,937 358, 967 407,937 358, 967
io THE VISHWA HINDU KENDRA SOUTHALL CIO CHARITY REGISTRTION NUMBER 1192504 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 RESOURCES EXPENDED RESTRICTED TJNRESTRICTED FUNDS FUNDS TOTAL 2025 TOTAL 2024 Direct charitable e Educational expenses riunctional cxpcnse Donations Water rates and councll tax .1 p.aninq ÈxponGQ£5 Insurance Light and heat Repairs and malntenance enditure 2,070 26,814 2,253 17,601 8,7?.4 8,652 2,877 31,700 2,070 ?.6,814 2,2S3 17,601 8,324 8,652 2,877 31,700 750 22,524 2,652 17,306 10,888 8,489 72,247 26,734 100,291 100, 291 161, 590 Fundraisln Advertislng and ublicit 646 646 966 646 646 966 Mana ernent and Adminlstration of the Charit Wage8 Pension Telephone and pos tage Prof esslonal fees AuditorB fee8 FInancal Bervlce charge Legal f ees plannng f ee9 Bank charges and overdraft interest sponsorship license Freight charge5 Deprec&ation charge Loan interest 105, 343 1,088 71 5,580 2,700 1,563 105, 343 1,088 71 5,580 2,700 1,563 106,549 1,037 2,257 4,080 2,700 1,748 3,054 2,148 4,167 1,510 64,350 149, 039 3,054 2,148 4,167 1,510 64,350 149, 039 2,344 576 64,350 176, 815 340,613 340, 613 362,456
li THE VISHWA HINDU KENDEA SOtTfHALL CIO CHARITY REGISTFJ¥TIOM NUMBER 1192504 NOTES TO THE ACCOUNTS FOR THE YBAR ENDED 31ST MARCH 2025 OTHER OPERTING INCOME 202S 2024 Rent receivable Car parkinq charqes 56,128 131,S04 69,550 114,800 £ 187,632 £ 184,350 EMPLOYEE INFORMATION 2024 2024 staf f costs: Wages and salaries other penslon costs loui 343 1,088 106, 549 1,037 106,431 107, 586 The average weekly number of employee8 during the year wa8 rnade up as follow8: No. No. Employees INTEREST PAYABLE 2024 2024 On long term loan8 Financial service charge 149, 039 1,563 176, 815 1, 748 £150, 602 £178, 563
12 THE VISHWA HINDU KENDRA SOUTHALL CIO CFtARITY REGISTPATION NUMBER 1192504 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARC'H 2025 TANGIBLE FIXED ASSETS Freehold Land and Fixtures and f ittin plant ancl ui ment Moorti Total Cost: At 1st April 2024 & At 318t Marr.h ?.a?.. 6,435,975 6,435,975 Depreclation: At 1st April 2024 Charge f or year 310,465 64,350 310, 465 64,350 At 31st March 2025 374,815 374, 815 Net book value at 31st March 2025 6,061,160 6,061,160 Net book value at 31st March 2024 6,125,510 6,125,510 FREEHOLD PROPERTY These consist of . 2 Lady Margaret Road, Southall 4 Lady Margaret Road, Southall easehold land rear of Town Hall Construction cost of new buildng Freehold land rear 0£ Town Hall 334, 164 79,443 333, 623 1,601,110 101,408 2,036,141 3,985,227 Falrlawn Hlgh Street, Southall 6,43S,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 of the trustees on behalf of the charity. There is a restriction on the deed.
13 THE VISHWA HINDU KENDRA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192 504 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025 DEBTORS 2025 2024 Debtors Prepayments 39,453 70,653 352 39,453 71,005 f.RF,DITORS MOiryqTS fALL,TNC. DTVff WITHIN ONE YEAR 20?..5 2024 Bank loans and overdraft (see note 10.11 Trade creditors Other taxes and soclal securlty costs other creditors Accruals 178, 777 14,759 1,670 7,598 8,926 192, 684 49,617 1,580 9,143 9,869 211, 730 262, 893 io. CREDITORS AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loang 18ee note 10.11 1,767,652 1,789,405 1,767,652 1,789,405 10.1 The total amount 0£ bank loans and overdrafts was as follows: Bank loan current portion 178, 777 192, 684 Falling due after tnore than one year: 1,767,652 1,789,405 1,767,652 1,789,405 Total bank borrowings 1,946,429 1,982,089 The bank loan 0£ £1, 946, 429 is repayable in rnonthly instalments of £15,441.00. The rate of interest on the loan is 2.75* over the base rate.The loan Is secured by a fixed charge on the freehold propertyi Fairlawn, High St, Southall UBI 3HB.
14 THE VISHWA HINDU KENDPA SOUTHALL CIO CHARITY REGISTRATION NUMBER 1192504 NOTES TO THE AccouDrrs FOR THE YEAR ENDED 31ST MARCH 2025 ii. MOVEMENT IN Ft]NDS 2025 Balance as at 1st April 2024 Unreotrict@d f unds Incoming Resources Eesniirr.p.s PbXPP.nde.d Transf ers: Fixed Asset 4,326,354 622, 573 1441, 5501 At 31st March 2025 4,507,377 Restricted funds TOTAL FUNDS 4,507,377 The unrestrictea reserves of £ 386, 146 are held for the funding needs of the charity and for expansion 0£ the temple premises.