Ashfords Chartered Accountants Unaudited Financial Statements The Hindu Charitable Trust For the Year Ended 31 December 2024 Registered Charity Number: 258281 www.ashfords-accountants.co.uk THE HINDU CHARITABLE TRUST 36 ALEXANDRA ROAD LEEDS WEST YORKSHIRE LS6 1RF REPORT AND ACCOUNTS For the year ended 31 December 2024 REGISTERED CHARITY No 258281 CONTENTS PAGE INDEPENDENT EXAMINERS REPORT CHAIRMAN'S STATEMENT 24 STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE ACCOUNTS 6-9 THE HINDU CHARITABLE TRUST Independent Examlnefs Report INDEPENDENT EXAMINERS REPORT TO THE TRUSTEE OF THE HINDU CHARITABLE TRUST I report on the financial ststements of The Hindu Charitsble Trust for the year ended 31 December 2024 which comprise the Statement of Finanual Actiwties. the Balance Sheet and the related notes. This report is made solely to the charity's trustees. as a body. hAy examination has been undertaken so that I might slate lo the charitys trustees those rnatters l atn required to st*e lo them in an independent examiners report and for no other purpose. Respectlve responsibilities of trustee5 and examiner The charitys trustees are responsit4e for the preparation ofthe financial sL*ements. The charitys executive counol consider that an audit is not required forthis year under section 144 of Ihe Charities Act 2011 (Ihe chariti.es Arf'l ant1 that an independent examination is neede¢J. It is my responsibilty to: 1 exarnine the finanoal statements un¢Jer the section 145 of the Charities Act 2011. 2 to follow the PrO￿￿[eS la¢J in the general Directions given by the Charty Commission{under section 14515)Ib) of the Charities Acl, and 3 to state wthether particular rnatt￿5 have come to rny attention Independent examinets statement In connection with my examinations, no maten.al maiters have come to my attention which gives me ause to believe that in, any material respect: 1 the accLJunting recc*ds ￿re not kept in accordance WTth section 130 of the Charities Act., or 2 the accounts did not accord Imth the accounbng rec¢xds,' or 3 the accounts did not comply vith the applicable requirements conceming the form and Content of accounts set out in the Chariti"es{Ac¢ounts and Reports) Regulations 2008 other than any requirements that the account give a Irue and fair Mew which is not a matter consider&J as part an independent examination. I have no cOn￿mS and have come across other matters in connection wth the examination to which attention should be drawn in this rekY)rt in or(Jer to en*le a proper understantting of the accounts to be reached. Pavanjeet Sing Bagri (BA, FCA, CTA) Chartered Accountant & Tax Adwsor Ashfords Chartered Accountants 20 NOv￿ber 2025 2 Manor Court Manor Mill Lane LS11 8LQ SHREE HINDU TEMPLE HN)UCHARITABLETRUST i6 Alexandrd Road, L¢eds LS6 1 RF Tel. {01 lil ?75 70241230 7106 er¢dCknryNth J? 8J? I Chaim)an's Annual Rep(Kt 2024- Leeds Hindu Temple Dear Devotees and Well-wishers. l am delighted to present the annual report for the year 2024-2025, a year marked by significant changes, achievements, and strong community engagement at the Leeds Hindu Temple. Current Committee Vineet Kumar Pathak (Chairman- Management Committee) Sangeeta Sharnia ITreasurerl Savtanter Hargun Kailash Vati Sarda (Secretary) Chargi Solanki Management This year, the management team worked extremely hard to serve our communsty. Attendance at our events increased significantly. Wbth participation ranging from W to l.OC(I people at religious gatherings such as Mata Ki Chowki. Sunderkand. Ganesh Chaturthi, and Ram Navami. On Diwali, over 2.000 devoteesjoined us lor pula and a spettacular fireworks display. Infrastructure Improvefflents aeanliness= Professional cleaning services We￿ introduced to maintain a hygienic and pristine environment. New Table5- We purchased 15 1l8htwe￿ht tables to ￿place the old, heavy ones, improvin8 functionality. New Dining Hall Lighting Upgrade= The dining hall lights have been replaced with LED lights, which are more efficient and brighter. Main Temple Roof Repairs: One settion of the main temple roof was leaking and causing water seepage into the walls. The roof was repaired to prevent further damage. Chapati Machine Contribution: We introduced a new ch3pati-making machine that can produce I.￿0 chapatis per hour. allowing us to serve large gatherings efficientty- During most of this yearfs functions. people preferred chapatis made by the machine. financial Growth and Recognition Introduction of Online Payments: We now accept debit/credtt cards, Apple Pay, and Google Pay for donations and other transactions. Financial Improvement: The temple's total net donations in¢￿ased significantly, leading to greater financial stabiltty- Savings: Despite making necewry refurbishments, our cash reserves grew by 2CMYA. Health and Safety SHREE HINDU TEMPLE HINDUCHARITABLETRUST 36 Alexandra Road. Leeds LS6 1 RF Tel.10113) ?75 70241230 7106 liegixeredChwityNth25VJI Kitchen Hygiene: One of our kitchens r￿1Ved a 4-Star rating from Health and Safety inspectors, reflerting our dedication to maintainin8 high cleanliness standards. Community Engagement Elderfy Day Groups: Two social groups were reintroduced to support the well-being of older indwiduals within the community. Cultural and Spiritual Events Ga￿a Celebrations: We were honored to host the Lord Mayor of Leeds. the Chief Constable of West Yorkshire Police, and the Superintendent of Police at various religious fijnctions, strengthening communty bonds. Charity Events Supporting the Disabled: In collaboration with Narayan Seva Sansthan. we organized a charity event to raise funds for the t￿atment and rehabilitation of polio-affected individuals. Future Plans Community Hall Roof Repairs: We plan to ￿pair the temple and community hall roots. Community Hall Window replacement: Replace old wooden windows with new UPVC Double-glazed windows. Flooring Renovations: Replacement and repair of the flooring in the old dining h811. Seating Enhancements: Repairing old chairs and introducing new benches for a more comfortable seating experience. Financial review Income for the year amounted to £138.504 {2023.. £143,099}. Expenditure in the year amounted to £112,513 {2023." £82.507). The net movement in fijnds for the year was a surplus of £25.991 12023.. £60,592). Unrestricted reserves stood at £1.397.876 {2023: £1.371.8851. Reverses policy We expect lo hold £10.000 as re5wves solety to be award￿ a5 grnnls in the future when received donations are less than expected and do not meet the bLwJgeted expenditure. As we look ahead, we remain commttted to strengthening our mission of communty se￿1￿, Spiritual growth, and cultural enrichment. Your unwavering support and active participation have been instrumental in our success. Thank you for being an integral part of the Leeds Hindu Temple. Sincerelyft Wineet Kumar Pathak Chairman, Leeds Hindu Temple THE HINDU CHARITABLE TRUST FINANCIAL STATEMENTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEIIBER 2024 To1al Fund5 Tolal Fund¥ 2023 Funds 2024 Incorne frorn Donations 11fj.997 114997 117,425 Charitabk ath"wtses 1113 l113 2,475 GIft￿d Tax Relund5 17.394 17.394 23.199 Tolal Income 138.604 1W504 143.099 expendlture on Charrtat4e aclivthes 1￿2￿13 112.513 82.507 Totsl Expgndituve 111513 111513 82.507 Net Incomel(expenditUTe) 249 60.692 Reconclllatlon of fvnds: Fund balanw brought forward 1.371.885 1A71.885 1,311.293 Fund balances Garrjed for￿rd 1.397 1A97.876 1.371.885 THE HINDU CPIARITABLE TRUST FINANCIAL STATEMENTS BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Kotes Fixed assets = Tangible assets 1.170.892 1.1n.073 1,170.892 1.172.073 CurTent assets Other debio 5.175 4.843 Cash ai bank and In hand 236,455 205,655 241.630 210.498 Liabilities Credi1O15 . Amount falling due wthin one year 114.6461 110,6861 226.984 199.812 Totsl nel assets 1.397.876 1.371.885 The funds of the chartty Unrestricted inGQrnè funds General purposes lun Designated Fund (Piopenies. Land. Fixture$ 8 Ftttings eicl 237.603 1.160.273 211.612 1.160.273 1.397.876 1.371.885 The f5naNoal 51aternen!s werè approved and authonsed for 55sue Hon Chairrnan- Mr Vineet Kumar Pathak Hon Se¢reiary- Mrs Kailash Vati Sar¢a Hon Treasurer- Ms Sangeeta Sharma bSIw Date THE HINDU CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 ACCOUNTING POUCIES al Basis of financial ststernents The financial statements have been syPpar￿ in acr4Jrdance vAth the St*rnent of RecurMend&￿ practi￿ '. Awount"ng and Reportng by Charities preparing Iheiraccounts in a￿X)r￿an￿ wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 i￿ued on t6 July 2014 as amended on 2 February 2016 and the Finanryal Reporting Standard applIc*b￿ in the UK and Republi¢ of Irejand IFRS 1021 and UK GenerallyArxepted A￿p0'r￿j Practs.￿ as it from 1 January 2015. The Trusts*'s m*et the definth.on of a public benefft ethty under FRS 102. Assets and 1rdbilib.es are In￿allY r¢cogni5ed historiozl cost ortransacbon value unless otheTh•se stateLI in Ihe ￿levant accounts.ng wlicy notelsl. bl Tangible fixed assets and deFKeoatson- Fix&1 assets are slated at CC6ts less acojmulated depreaation. The cost of rninor add￿"OnS are not caprtalised. c*￿￿#at.0n is provided to write off Ihe cost of assets over t￿lT eful life atthe followng rates.. F￿lureS and Fitbngs 25% r&JucarvJ basi8 cl In¢ome- AJI inwre E5 induded in Ihe SlateThent of Finanrjal AL*vrfi85 ￿8n the tharity is entided to the incorr and the amount can by quantified vAth reasonabk ac￿racY. Incorne by the VAY ofgrants is induded in ftjll in the Ststernent of Ftnancaal Athbe5 ¥then recwable. and rnatched to spetific ts.me Feric*Js orexwdrture **ere appropnate. dl Expenditure- Expenditurè i% rett￿n￿ad on the axruaLs basis as s a liat41ity i% in￿rred. ExFendiiute indudes 8ny VAT which cannot be recover￿1. arnl is report&J as part of the exFendthJre ofvthich rt reJate5.' Chantable ewdrture cxjmprises those cc6t inwrred by the tharity in the delivery of its activit'es and servir£s for rts tenefioaries. It indudes both costs than can bè alJc¢ated dÈrethy to such &th"vib"88 8Tr those costs of an indirect nature necessary to support them. Gov8rnanLE costs indude tho% costs assooated wth meeling the eonstrtub.onal and statutory requirements ol the charity and indude the costs linked to the strategic management ofthe charty. Costs a￿ allocated be￿￿en the fvnds on a basi$ desKJn8d to relleL*the use of the r85Ou￿¢. Costs rdatirvJ to a pa￿.￿jIar ach.wty are allocated direcuy. others are appjrtioned on the basis oftotsl in￿rne. el Funding accounting- Unrestricled are awjabk for th8 U8e at the dEuebon ofthe I￿￿tee$ in fvrtherance ofthe general L*Jp(*ves ofthe chanty. Designated fvnds comprise unrestricted lund5 that have set a*dè by thè trustees for partirJJlar purposes. The aim and use ofeach deS￿nated fuTrY ￿ sèt out in thè notes to thè finanod staterY*nts. Going eontsm- There are no material uncetsnties related to events or condthns that cast Svjnhfj￿nt doubt on the charitys abilrty to Conth"n￿ as a go¢ng ¢c￿￿rn. THE HINDU CHARITABLE TRUST NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENtEO 31 OECEMBER 2024 2 VOLUNTEERS The Hindu Charrtabk Trust r￿￿S on ¥c4unteeTr to wy ¢xrtts rnan•JeThEn( a(kninistration and general maintenan rk. In aco)rdance wth FRS 102 and th8 Charsb"e5 SORP FRS 1tr2. the ¢))ntn"buts"on of general vo1unteets is not rer4niséd in the accc4Jnts. 3 DONATIONS Total Funds 20rJ Fund Fund5 2024 Private- IndNMlual Donat"ons subscripts.ons 116,657 116.657 114,825 2,eiJo 118, 118,997 117,425 4 CHARITABLE ACTIVITIES- INCOME Total Fynd$ 2024 Totsl Funds 2023 Funds Bank interest Received 2.113 2.113 2,475 2.113 2.113 2,475 S CHARITABLE ACT￿￿leS- EXPENDrruRE Totsl Funds 2024 Total Funds 2023 Funds Wages Employer Fension- Nest Water ratss Insurance Light & heat Repair5 & maintenance Travel exFenses Telephone & Intemet Legal Fees ArJve￿Ing,Frt)$t. printiNJ & stst Sulldriès Cleaning expertses Donth"ons Religiou5 & cuttural events ountsncy 34.897 34.897 31,793 767 e79 5.397 4,850 8.268 1,550 5.878 8.312 28.887 5.878 8.312 28.887 158 755 3.3 9.241 3.687 158 755 1,408 446 3,328 5,432 6.666 7,236 1,200 9,241 3,687 Depre¢latlon: F￿re5 & fftb.ngs 3.105 112513 112.533 THE HINDU CHARITABLE TRUST NOTES TO THE FINANCIAL STATeMeNTS FOR The YEAR ENDED 31 DECEMBER 2024 6 WAGES No remun8ralton Wds paid to Ihe trustees in the Star12￿23- £nill. The wages paid to the Priests as follows.. Wages.. 2024 2023 Priests 34.897 31,793 34.897 31,793 Employ8e5 during thè ￿ar There is no key rnan&3ernent *ith Temuneral￿nI2o23- £nil). 7 TAXATION As a charity. The Hindu charitab￿ TnJ5t i8 exempt frcrfn tax on inojme and gairts fallirvJ sèelion 505 ofthe Tax*s Aet 1988 or S25e of the Taxab"on of ChapJeable Gains Ad 1W2 to the exlent that these are aptli& to its Charitab￿ objets. No tax tha[9￿ hwe arisen in the chaity. 8 TANGIBLE FIXED ASSErs Freehold Land FIX￿leS & Flttlngs & Buildings Tolal Cost As At 01101r2024 Add￿"OnS 1.160.273 114,743 2.177 1.275.016 2.177 As At 31112r2024 1.160,273 1,277.193 D8pr8ciation As At 01101r2024 Chaoe forthe year 102.943 3.358 102,943 3,358 As At 3111212024 106,301 IC6,301 Net Book Value As At 31112Q024 I.1￿.273 10,619 1.170,892 As At 01101r2024 1,1&J.273 11,800 1.172.073 9 CREDITORS AJnounts falling v￿h1n one year 2023 Other CreditU5 3.843 4.e14 PAYE P8yatrAe 10.803 6.072 14.646 _ 10.686 TrIE HINDU CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMEp¥fs FOR THE YEAR ENDED 31 OECEMBER 2024 10 ANALYSIS OF NET ASSETS BEfbvEEN FUNDS Total Funds F¥nds Tangible Fixed Assets 1.160.273 1.1&J,273 Net CurrentAssets 237.603 237.603 Nel Assets at 31 December 2024 1,397,876 1.397,876 11 FUNO ANALYSIS Balance at 31n2r2023 I￿ornIng Oiityolng Balanee at 3111212024 Unrestn"¢bJ FuTrJs 1.371.8BS 138.9)4 112.513 1,397,876 1.371.8B5 138.504 112.513 1.397.876 12 STATEMENT OF FINANCIAL ACTMTIES COMPARATIVE NOTE FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrictsd Funds Total Funds 2023 Total Funds 2022 Income from Donations 117,425 117,425 77,152 Charit*Jle 8(knb"ès 2.475 2.475 491 Gift AKI Tax RefvrKIs 23.199 23,199 Total Income 143.099 143.099 Expenditurè on charitab￿ aLknti 82.507 82.507 89.0 Total Expenditu 82.507 82.507 89.0 N•t In¢omel(•xpendityrel .592 60.5W 111.4531 Ro¢on¢lllatlon of funds: Fund balan￿ brought forward 1.311.293 1,311,293 1,322,746 Fund balances carrfed lo￿￿d 1,371,885 1,371.885 1.311,293 13 RELATED PARTIES As at31 D8L￿ber2D24. there rdated pwtylransackn12023. £nil}.