2023-03-31-accounts - The Hindu Centre (East London)

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		Page
Report ofthe Trustees	1	to	5
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	9	to	14
Detailed Statement ofFinancial Activities	15	to	16

		319.23	31.3.22
		Unrestricted	Total
		funds	funds
	Notes		5
INCOME AND ENDOWMENTS FROM
Donations and legacies		102,123	80,785
Other trading activities		127,240	82,158
Investment income		10&133
Other income		154
Total		239,650	162,943
EXPENDITURE ON
Raising funds		21@96	3,190
Charitable activities
Religious and social welfare facilities and
education		98@79	96,452
Other		7,762	5,569
Total		127,537	105,211
Net gains on investments		583,985
NET INCOME		696,098	57,732
RECONCILIATION OFFUNDS
Total funds brought forward		5,423„tt30	5,366,198
TOTAL FUNDS CARRIED FORWARD		6,120,028	5,423,930

		31923	31.322
		Unrestricted	Total
		funds	funds
	Notes
FIXEDASSETS
Tangible assets		5,189dtlg	5,398,525
CURRENT ASSETS
Debtors		23,071	12,466
Cash at bank and in hand		911476	845,892
		934di47	$5$,35$
CREDITORS
Amounts fidling due within one year	10	(3,637)	($32,953)
NET CURRENT ASSETS		931,010	25,405
TOTAL ASSETSLESSCURRENT
LIABILITIES		6,120,028	5,423,930
NET ASSETS		6,120,028	5,423,930
FUNDS	12
Unrestricted funds
General fund		6,120,028	5,423,930
TOTALFUNDS		6,120,028	5,423,930

STAFFCOSTS	STAFFCOSTS
The average monthly		number ofemployees		during the year was as follows:
						313.23	31.3.22
Priests						2	2
No employees	received emoluments		in excess off60,000.
TANGIBLE	FIXED	ASSETS
						Fixtures,
					hnprovements	fittings,
				Freehold	to	furniture
				property	properly	&equipment	Totals
				5
COST
At I April 2022				2&421+25	2,968473	169852	5459450
Additions					786,011	2/92	788&403
Disposals					(995,155)		(995,155)
At 31March	2023			2,421&525	2,759&229	171/44	5852&598
DEPRECIATION
At I April 2022						160,825	160,825
Charge for year						2,755	2,755
At 31March	2023					163&580	163,580
NET BOOK	VALUE
At 31March	2023			2,421,525	2&759/29	8/64	5,189&018
At 31March	2022			2,421,525	2,968,373	8,627	5,398,525


9.	DEBTORS:	AMOUNTS		FALLING DUE WITHIN			ONE YEAR
										313.23	31.3.22
	Accrued income									18)224	6,949
	Prepayments									4,847	5,517
										23)071	12,466
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
										313.23	31.3.22
	Bank loans and		overdtatts	(see note 11)							809,114
	Trade creditors										10,000
	Other creditors									1,459	9,089
	Net wages										1,200
	Accruals and	deferred income								2)178	3,550
										3,637	832,953
11.	LOANS
	An analysis ofthe maturity			ofloans isgiven below:
										313.23	31.3.22
	Amounts falling due within			one	year on demand:
	Bank loans										809,114
12.	MOVEMENT		IN FUNDS
										Net
										movement	At
								At	1.4.22	in funds	31.3.23
	Unrestricted	funds
	General fund							5,423)130		696,098	6,120,028
	TOTAL FUNDS							5,423,930		696,098	6,120,028
	Net movement		in funds, included		in the above are as	follows:
						Incoming		Resources		Gains and	Movement
						resources		expended		losses	in funds
							5		5
	Unrestricted	funds
	General fund					239,650		(127437)		583,985	696)098
	TOTAL FUNDS					239,650		(127437)		583,985	696,098

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			162,943	(105,211)	57,732
TOTAL FUNDS			162,943	(105,211)	57,732
A current year	12months	and prior year 12months combined	position is as follows:
				Net
				movement	At
			At 1.4.21	in funds	31.3.23
Unrestricted	funds
General fund			5,366,198	753,830	6,120,028
TOTAL FUNDS			5,366,198	753,830	6,120,028

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		402,593	(232,748)	583,985	753,830
TOTAL FUNDS		402,593	(232,748)	583,985	753,830

		31.3.23	31.3.22
		Unrestricted	Total
		funds	funds
INCOME AND ENDOWMENTS
Donations and legacies
Collections: Arti, Ardas &Boxes		51,112	33,154
Donations		34,761	28,892
Gift aid		8,091	6,949
Car park		93	108
Membership fees		25	367
Collections by priests		6,961	10,950
Sale offood		1,080	365
		102,123	80,785
Other trading activities
Rents receivable		127,240	82,158
Investment income
Interest receivable		10,133
Other income
Sundry receipts		154
Total incoming resources		239,650	162,943
EXPENDITURE
Charitable activities
Wages		10,800	14,400
Rates and water		5,156	5,699
Insurance		11,668	8,561
Light and heat		17,676	22,138
Telephone		1,964	1,973
Printing, postage &stationery		1,158	1,041
Advertising		37
Sundries		395
Repairs, renewals &property	maintenance	15,053	5,256
Festival expenses		10/34	4,890
Kitchen &toiletries		11@58	4,430
Refuse collection			2,482
Travelling &parking		1,894	827
Cleaning		905	208
Pest control		770	478
Carried forward		89468	72,383

						31.3.23	31.3.22
						Unrestricted	Total
						funds	funds
Charitable activities
Brought forward						89@68	72,383
Bank charges						15	7
Licences &subscriptions							43
Donation							2,000
Agent fees						6,241	8,543
Arrangement fees							10,600
Depreciation offixtures, fittings,			furniture		&.
equipment						2,755	2,876
						98/79	96,452
Support costs
Finance
Bank interest						21496	3,190
Governance	costs
Accountancy	and legal fees					7,762	5,569
Total resources	expended					127,537	105,211
Net income before gains and losses						112,113	57,732
Realised recognised		gains and	losses
Realised gains/(losses)		on investment		properly		583,985
Net income						696,098	57,732