REGisfEREDCHARITY NUMBER: 258195 Report of the Trustees Unaudited Fingneial Stst¢ments for the Year Ended 31 March 2024 for SHREE GEETA BHAWAN Brindleys Limited 2 Wheeleys Road Edgbaston Bimiingha West Midlands B152LD BRINDLEYS
SHREE GEETA BHAWAN Contents of the Fingntial StstetTrents for th¢ Year Ended 31 Mgrch 2024 P*ge Report of the Twstees Independent Exgminer's Report St2tem¢nt of Financial Activities Balance Sheet Tr40tes to the Financial Ststements 7 to 13 Detailed Statement of Fin#nci81 Aetivities 14 BRINDLEYS
SHREE GEETA BHAWAN R¢port of the Trustees for the Year Ertded 31 March 2024 The TnJst¢es present their report wilh the financial statements of the charity for the year ended 31 MaTch 2024. The trustees have adopled the provisions of the statement of R¢¢ommended PCtice {SORP} 'FRS102 as inirodu¢ed on ihe 0110112016. This was first adopted by the ¢h2rity on 0110412016. OWF.cfivES AND AcfiviTIES Objectives gnd gims The principal activity of the Bhawan during the year, which h&s remained unchanged from previous yeats, was that of the advancement of Hindllism in accordance with its Constitution. Signifi¢gn¢ *ttiviti DuringT the year all the major functions & festivals were celebrat. We Sincerely thank the Managing Committee and Devotees for their co-operation and supp)tL on which the achievement of aims and obje¢tlV¢5 of the Ejhawan depends. ACIIIEVEMENT AND PERFORMANCE Following registration for gift aid in 2015 SGB charity h&$ claimed £256,803 Gift Aid. {£31,203 in 2024. £32,832 in 2023. £11.028 in 2022. £4.056 in 2021, £48,905 in 2020. £21,181 in 2019, £32,509 in 2018, £42,357 tn 2017 and £29,732 in 20161 and wthll coniinue to benefit in the future. The temple has c4)ntinued to invest in the freehold property improvements during 2024 with £179,034 {frechold property additions) being spellt thi5 year on thc extension and renovation L)f the dining hall and kitchen and the tonstruction ol a new car park. This work is being carried out by Parkdale Projects Big Boss Building work & Building Construction Ltd. FINANCIAL REVIEW Review #nd progr¢55 The incoming resources during the year atnounted to £325,609 and expenditure including depreciation amountcd to £285,475 leaving the sutpluO110s5} for the year of £40,134, during the year gold owned by SGB wa5 rcvalued creating a profivlloss) of £27.906 in the reseNes and irt such increIng,{reduCIllgI the surplus within the accounts to £68,040 which was transferred io generdl reserve fund. The statement of financial a¢iivities aTe shown on page 5 Reserves poli¢y The Trustees review the resetves p)licy which include a ¢on5iderdtion of the nature of the income and expenditure Stream, the requirement to match vari3bl¢ Encome with fixed commilinenis and a consideration of ihe naiute of the reserves. As a rUlt of this revtew it will be noted thai at the end of the financial year on 31 March 2024, the Bhawan's unresiricied funds omounied to £3.278,100 of which £3.027,970 relates 10 tsngible assets The ¢urr¢nt debtor5 £3,906 and cash in hand and bank balances £259.106 less current liabiljties due within one year of £12,882, this leave5 net current asstts of £250,130 .This was ¢on¢luded to be an adequate figure to allow the charity to be managed effi¢ierttly and to ¢n5urt that sufficient resources were available to provide uninterrupted services. 'The perpetual nature of the charity's exis¢en¢e means thai it will n¢v¢r cease to exist and therefore reserves are ¢arried forw3rd at the end of each financial Jear. The TNstees aim io maitJ¢ain unrestricted reserves at a level which equate to approxiniately three months of its unrestrici¢d charitable expenditure. It is the Tru5tees' view that thss level is suffJ¢ient to reswnd to any un¢x]KCted level of expenditure well &$ finance other recurring expendiill and governance costs. The Trustees and Executive Committee, as well as Th¢rnb¢r5 of subcommittees, are not rejnunerated or paid any salaries or expenses. The Te5tri¢ted funds all relate to items where the donors have specified ils Intend use or re¢ipienl Where dcfjcits occur these are carried fo31 to ihe following year.. Page I BRINDLEYS
SIIREE GEETA BHAWAN Rert of the Trustees for the Year Ended 31 March 2024 FtrruRE PLANS Plans for ihe Future Projects afier Mar¢h 2024 accoutjting period.. 11 Refurbishing 5 rcA)ms ave ihe kitchen io create storage. committee m, a mTn fora Hindi clas5 & office space, 21 Library facilities for the study of Sanatana Dharma- bringing out hidden spiritllal gems In our rich Sanaiana literature and philosophy, 31 Auditorial rwm { theatre style) forthe presetttation of Sanatana Dhamia to visitors and devotees in a professional manner. 41 Uplifting the first-flr roof to create stora8e space, 51 Installation of solar energy panels to reduce energy bills, 6) Lifting the right wing of the main ternple to increase head room and Provide bctter acce5S to the proposed Shani Mandir, 71 Refurbishing the Brecon Road entrance with additional toilets to create an excellent opening entry to the tetnple, 8} RefuTbi5hing the first-floor hall & stairs area to the first floor to tnake it suitable for registered wcdding ceremwi 91 lllStallation of lift to (he fjrsi and second flTh)r, 101 lrtstallation of partitioncd diM)rs between 2 halls Ong with shutters around the kitchen area. 111 Starting new Commllnity Services like Cofflputer training for 50 plus & C(x)king classes for youngsteTS, 121 Yoga rlasse5. 131 Under floor he2ting in the main temple. srRUCTIJRE,GOVF.RNANCE AND MANAGEMEwr Governing doeument The Charity is ¢onirolled by its goveming docutnen¢ a deed of trust and ¢onstitut¢s an unincorporntcd charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Chgrity number 258195 Principal address 107-117 Heaihficld Road Hand5WOrth Bimiingham West Midlands B19 IHL Page 2 BRINDLEYS
SHREE GEETA BHAWAN Report of the Trustees for the Year Ended 31 larch 2024 Trustees Mr Harshad Trivedi Vice President Ms Kusum Lata Bhanot Membership Secretary Mr Raj Kumar Dutla Trustee Mr Naresh Kumar Sabharwal Treasurer- Trusttt Dr Arun Sinha Vice President Mr R K S¢thi Patron Mr Mukesh Murria President- Trustee Mrs Kamlesh Prem Lata Duggal TTUSt¢c Mrs Sharon Kallia Public Relations OtTi¢eT- Trustee Mr Kashav Selwa Assi5tallt Secretary Mr Sanju Sharjna Tte¢ MT Rohit Gautam Trustee Mr Vijay Kumar Sudera General Secieiary Mr Vikram Kawr Trustee Mr Jagdish C.hander Shamia Twstee MrJyoti BandraI Trustee Mr Deepak Murria Tnjsiee Mr Mohinder Paul Jagota Asst. Treasurer Executive Comrnittee Members and Tnjsiees are elected in accordance with the rules as laid doMTr in the constitution. Their role is honorary and the commillee metnkrs do not receive any mUneration whatsoever. Independent Examiner BrTndleys Limited 2 Wheeleys Road Edgbaston Binningham West Midlands B15 2LD Approved by order of the tK)ard of trusttts on l (ktober 2024 and signed on ils behalf by". K/. /( <¢ jL.JknJ Mr Naresh Kumar SabhaNal- TrUse Page 3 BRINDLEYS
Independent Ex#miner's Report to the Tru$t¢es of Shrny G¢eta BhawAn Independent examiiier's report to the tntsttes of Shree Geeta Bhawan I report to the charity trustees on tny exaininalion of the accounts of Shree Gecta Bhawan {the Tntstl for the year ended 31 March 2024. Responsibilities and bgsis of ttport As the charity trustees of the Trust you are responsible for th¢ preparation of the accounts in aceoidancc with the requirem¢nts of the Charities A¢t 2011 I'the Act'}. I report in respect of my examinaiion of the Trust'5 accounts carried our under stIOn 145 of the Act and in carrying out my examinalion I have followed all applicable Direciions given by the Charity Commission under Section 145{5Xb} of the Act. Independent exAminer's statemettt Since your charity'5 gr055 incorne exceeded £250,000 your exatniner must be a member of a listed body. I can eonfitm that I am qualified to undertake the examination b¢cau5¢ 1 am a member of the Insiiluie of Chartered A¢countanlS in England and Wales. which is one of the listed bodies. I have ¢otnpleted rny examination. I confirni that no maierial tnatter5 have come to my attention in connedion with the examination giving me ¢ause io believe that in any material respect.. accounting records were not kepi in Tespect of the Trust as required by Se¢fion 130 of ihe A¢t; or the accounts do not accord with those records., or the accounts do not ¢omply with the applicable requirements Concerning the fomi and content of a¢¢ouRts set out in th¢ Charitie5 (Accounts and Rep)rtsl Regulatiotjs 2008 other than any requiretllent that the accounts 8ive a trlle and fair view which is not a matteT copsidered as part of an independent examination. I have no eoncems and h2Ye com¢ across no other matter5 in connection with the examination to whi¢h attention should be drawn in this report in ordcr to enable a proper understanding of the accounts to be 8¢hed. Kulwinder Singh Chawla FCCA The Instiiuie of Chartered Accountants in England and Wales Brindleys Limited 2 Wheele)s Road Edgbaston Bimiingharn West MIdlands B15 2LD l October 2024 Page 4 BRINDLF.YS
SHREE GEETA BIIAWAN St&t¢men¢ of Financial Acti%'ities for the Tr'tar Ended 31 [arth 2024 2024 UDr¢$trict¢d fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 307.959 419,556 Investtnent income 17,650 23,720 Totfil 325,609 443.276 ExPED1TuRE ON Charitable aetivities Religious festivals Wages and national insurdnce In5uran¢e Light & Heat Repairs renewals & maintenance Clcaning r¢fu5¢ & hygiene Securiry expenses Car Park Tental Telephone Postage & Stationery Depreciation A¢count3n¢y 44281 102,287 7.178 37,668 6583 1,143 3J19 73,588 85.469 5,654 25.723 9,066 4.346 3,802 720 698 5,091 71.719 1,800 871 970 79J75 1000 Total 285.475 287,676 NETINCOME Other recognised gainsl{losses) Gains on revaluation of fixed assds 40.134 155.6 27.906 19,709 Net movement in funds 68JJ40 175 J09 RECONCILIATION OF FIINDS Total fulld5 broughi forward 3,2IO,060 3,034.751 TOTAL FUNDS CARIUED FORW'ARD 3278.100 3,210,060 The notes forni part of ihese financia] siateFtLen Page 5 BRINDLEYS
SHREE GEETA BHAWAN Balancc Sheet 31 ftrlareh 2(k24 2024 Unrtstrided fund 2023 Totsl funds Notes FJXED ASSF.TS Tangible 2ssets 3.027,970 2,870,942 CIIRRENT ASSEIB Debtors Cash at bank and in hand 3,906 259,106 3,272 346,244 10 263,012 349,516 cREDORs Amounts falling due within one year 112,882) (10,398 } NET CUKRENT ASSETS 250,130 339.118 TOI'AL ASSETS LESS CURRENT LIABILITIES 3,278,100 3,210,1%50 NET ASSETS 3278.lQO 3,210,060 FUNDS Unrestricted funds.. General fund 12 3,278,100 3.210.060 TOTAL FUNDS 3278,100 3.210.1*0 The financial ststements were approvd by the Board of Tjustees and authori5ed for issue on l October 2024 and we]Y Signed on its behalf by.. Mr Naresh KumaT Sabhan¥al- Ttustee The notes fom pan of ihese financial statements Page 6 BRINDLEYS
SHREE GEETA BHAWAN Note5 to the Financial Sttements for the l'ear Ended 31 flarch 2024 ACCOUNTINC POLICIES Basis of preparing the financial Statements The financial slatemettts of the ¢hanty, which 15 a public benefjt etttiry under FRS 102. have becn prepared in accordance with the Charities SORP IFRS 1021 'Accounling and RerM)rting by Charities". Staiemeni of Recommended Ptaciic¢ appli¢abl¢ ¢0 charitics preparing their ac£ourtts In a¢¢ord3nce with the Financial Reporting Standard applicable in the UK and Republic of [land (FRS 1021 (effective l January 20191,, Finartcial RertIng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chartties Att 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the chariry has enii¢lement to the funds, it is PTobable that the in¢orne will be received and the amount can b¢ measurtd reliably. Exp¢nditure Liabilities are recognised as expendTtur¢ as soon a5 there is a legal or constructive obligation corntnitting the charity to that expenditure. it is probable that a iransfer of ewntstniG benefEts will be required in settlement and the arnount of the obligation can be measured Teliably. Expenditure is accounted for on an ac¢Tuals basis and has been cl&ssified under headings that aggregate all cost related io the Caiegory. Where costs cannot be directly attributed io particular headings they have been allocaied to activities on a b&sis consistent with the llse of r¢wurces. AIIocgtion and xpportion¥nent of costs Support costs consisting of office and zdministralive u)5t5 of the Bhawan including staty salaries hav¢ been split beiween chantable and govcrnance activities on the basis of estimated time sp¢RI and its usages ofea¢h activity. T*ngibl¢ fixed assets Depreciation 25 provided at the following annual,aies in orderto write off each asset over its estimated useful life. FTeehold property Fixtures and fittings Cornputer equipment 20/0 on strdight line basis 15/0 on reducing balance 250/0 on reducing b31an¢e Taxatioii The charity is exempt from tax on its charitable actLVlties. gc¢ounting Unrestrictcd fijnds can be used in 8¢¢ordan¢e with the charitabl¢ objectives at the discretion of the trustees. Restricted funds can only be us¢d for pani¢ular resiricted purpL)se5 Wlthin the objects of the charity. Restrictions arise when specified by the dolloror when funds are rdised for particular resiri¢ied PUryX>ses. Fllrther explanation of the nature and putw>se of each fund is included in the notes to the fJnan¢ial statements. Page 7 continued... BRINDI.F.YS
SIIREE GEETA BIIAIVAN Notes to the Tr"inancial Statements- continued for thc Year Ended 31 ]r¢h 2024 DOP4ATIONS AND LEGACIES 2024 2023 Donations Gift aid Subscriptions 276,756 31,203 386,473 32,832 251 307,959 419.556 IliVESTMENT INCOME 2024 2023 Rents received 23.720 Rent is received from propery I Sl Peters Road and 13 Breo)n Road. CIIARITABLE ACTIVITIES COSTS Support costs (see not¢ 51 Direct Costs Totsls Religious festivals Wages and ttational insurance Insurdnce Light & Heat Repairs renewals & maintenance Cleaning refuse & hygiene Security expenses Telephone Postage & Stationery Depre¢iaiion Accountancy 44,281 102,287 7,178 37,668 6,583 I,L43 3J19 871 970 44281 102,287 7,178 37,668 6,$83 1,143 3J19 871 970 79J75 79J75 1,800 204JIIO 81,175 28S,47S Page 8 ¢ontinued... BRINDLEYS
SHREE GEETA BHAWAN Notes to the Fin*nci#l St¥¢ements- continued for the Year Ended 31 March 2024 SUPPORT COSTS Gov¢rnanc¢ costs Other Totals Depre¢iation Accountancy 79J75 79J75 1000 79J75 81,175 TRUSTEES, REMUNEIL4TIOYI AND BENEFITS The were no trustees, remuneration or other benefits for the year endd 31 March 2024 nor for the year end 31 Marth 2023. Tru5ttes' expell5e5 There were no trustees, expenses paid forthe yearettded 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS The average monthly number of employees during the year was as follows.. 2024 2023 Adtninistration No employees re¢eived emolurnetlts in exce5S 6 £60,000. TANGIBLE FIXED ASSETS Fixtu Fteehold property Computer equiptneni Jewellery rillings Tota]s COST OR VALUATION At l ApTII 2023 Additions Revaluation5 3J3£230 179,034 261J8S 221,864 2527S 3,920 4.188 3,822J99 208,497 27,906 27,906 At 31 March 2024 3514,264 289291 247,139 8,108 4.1158002 DEPRECIATION At l April 2023 ChaTge for year 753,819 70285 194,018 7.968 3,620 ,122 951.457 79J75 At 31 March 2024 824,104 201,986 4,742 1,030832 NET BOOK VALUE At 31 March 2024 2.690,160 289291 45,153 3J66 3.027,970 At 31 March 2023 2,581,411 261,385 27,846 300 2.870.942 Page 9 )ntinued... BRINDLEYS
SHREE GEETA BHAWAN Notes to the FinAntial Ststements- continued for ttle YeAr Ended 31 March 2024 TANGIBLE FIXED ASSETS- continued Cost OT valuation at 31 March 2024 is represented by.. Fixtures and rittings Freehold propeW' Computer equipment Jewellery Tot915 valUl0 in 2023 3,514,264 289291 247,139 8,108 4,058,802 NL) gold donated to the Bh#W8 during the year. {14.60 grams in 20231 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and other Debtor5 3,906 3.272 10. CASII AT BANKAND IN HAND 2024 Totsl funds 2023 Total funds Cash in hand Punj2b National Bank- 10005757 Lloyds TSB Bank- 25621368 Slate bank of india- 96201934 PNB Alc 25032654 Bank Alc 46018454 724 3,186 253,745 236 180 1,035 853 3.186 340.754 236 180 1,035 Total 259,106 346,244 Page 10 continued... BRINDLEYS
514REE GEETA BIIAWAN Notes to the FinantiJ)I Ststernents- continued for the YeAr Ended 31 March 2024 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Ttion and soctai securtty Other rrcditors 2,458 10,424 1,682 8,716 12W2 10,398 12. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 3210,(160 68,040 3278,100 TOTAL FUNDS 3310,060 68,040 3278,100 Net movement in fijnds, included in the ab)ve are as follows.. Incoming resources Re50urc¢5 expended Gains and losses Movement in fund5 Urtrestri¢t¢d fund5 General fund 325,609 (285.4751 27.906 68,046 TOTAL FknNDS 325,609 (285,475) 27,906 68,040 CompArAtfftves for movem¢nt In funds Net movement in funds Ai 31.3.23 At 1.4.22 Unrestricted furtds General fiknd 3.034,751 175.309 3.210.060 TOTAL FUNDS 3,034.751 175,309 3.210.060 Pagell continued... BRINDLEYS
SHREE GEETA BHAIVAN Notes to th¢ FiniN¢ial Statements- tontinued forth¢ Y¢ar Ende(131 larth 2024 12. MOVEMENTIN, FUNDS-tontinued Comparative net movement in funds, included in ihe above are &8 follows.. Incoming resourtes Resources ¢xpend¢d Gains and losses Movement in funds Unrestricted funds G¢nerdl fvnd 443,276 1287.676 } 19.709 175,309 TOTAL FUNDS 443276 (287.6761 19,709 175.309 A current year 12 tnonth5 and prior year 12 months combined wsition is as follows.. Net movement In funds At 31.3.24 At 1.4.22 Unrestricted funds Gener fund 3,034,751 243,349 3.278.100 TOTAL FUNDS 3.034.751 243,349 3,278,100 A ¢yrr¢nt year 12 months and prior year 1.2 months combined net movement In funds, io¢luded in the above arc &5 follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted furtds General fund 768,885 {573,1511 47.615 243,349 TOTAL FUNDS 768,885 (573,1511 47,615 243.349 Page 12 continued... BRINDLEYS
SHREE GEETA BHAWAN Notes to the Financial Ststements- ¢(pthtinue.d for the l'ear Ended 31 mAh 2024 13. RELATED PARTI, DISCLOSURES There were no related party Irdnsactions forthe yearended 31 MaKh 2024. Page 13 BRINDLEYS
SHREE GEETA BIIAIVAN DetAiled Statement of Finantial ActivitiL% for the Year Ended JI larth 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacie5 D(>rtatiot15 Gift aid Sub5CTiPtions 276,756 31303 386,473 32,832 251 307,959 419,556 Investment income Rents received 17.650 23,720 Total incoming re50urees 325,609 443,276 EXPENDITURE Charitable activitie5 Wages Ittsurance Light and heat Telephone Postage and stationery Religious festivals Donations & Dakshin2S Repairs,renewals & Maintenance Cleaning r¢fu5¢, Hygiene & Oth Security Expenses Car park Rentsl Char8es 102287 7,178 37068 871 970 23216 85,963 5,654 25.723 698 5,091 53.094 6083 21,597 3J19 9,v66 4,346 3.802 720 204JOO 214.157 Support costs Other Frechold propcrEy Fixtures and fittings Computer equipment 70285 7.968 1,122 66.705 4,914 loo 79J75 71,719 Governance cost5 A¢wur)tancy and legal fee5 1.800 1,800 Total re50ur¢es expended 285.475 287,676 Net income 40.134 155.6(K) This page does not forn part of the statutory financial statements Page 14 BRINDLEYS