Charlty reglstratlon number 262605 THE HINDU TEMPLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
THE HINDU TEMPLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tnfstees Mr Umesh Chander Sharma (Chairman) MrArun Thakur (Treasurer) Mr Davinder Kumar Anand Mr M8hanÈa Shrestha Mr Upinder Kumar Sharma Mr Coossialsing Gopaul Mr Surinder Paul Sharma Mr Satinder Malholra Mr 88lmukund Joshi Charity numb8r 262605 Princlpal address 22 King Street Southall Middlesex U82 4DA Auditor MBkesworth Audit Services Ltd Unil 101, First Floor C8rvantes House 5-9 Hèadstone Road Harrow HAI 1PD Bankers HSBC Bank PIC Punjab National Bank IlntematSonall Limited ICICI Bank
THE HINDU TEMPLE TRUST CONTENTS Pagè Execajtive committee and twstees, annual report St8tement of trustees, responsilIdeS Indewndent auditor's report Statement of fin8nc¢al activities Balance sheet Notes to the financial statements 9-14
THE HINDU TEMPLE TRUST REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trustees present their annual retK*t and financial st8lemenls for thè yèar ended 31 hlarch 2023. The finanoial slatemènts have been preparerj iri accordance with the accounting pollcles set out In note 1 to the rinancial stalements and comply with the charitys trust deed. the Charities Act 2011 and 'Accounting and Repting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (èffective 1 January 2019}. Objectives and actlvltl The Thain obje¢l of the charfty is the advancement of the Hindu religion. In older to a¢hiev8 Its aims the trust continues to manage and Naintain the Hindu Temple at 22 King Street in South811, Middlesex. The trustees have pald due regard to guidance issued by the Charity Commission in deciding what activitws they should undertake. Aehievem•nts and p•rfomiance The Ternple's new building was opened for devotees on 21 July 2006. Free Hindi, mathotnatics and dance dasses are held on every Saturday and Sunday. Fr yoga classes are also held three times a week. Other sporting activity such as table tennis is freely available wthin the premises for thè community. Functions like Diwali. Karvachauth, Mavralras, Janamashatmi and Shovh8y8tr8 were vèry well attended and well receivèd. AppCIatIOn was received from tjevotees for succ@ssful arrangeTn8nl of events. The new hall and kitchen 8r8a are in constant use and they a proving to be an additional asset to our Trust. Constant èfforts are ma(lts to raise funds via arranging various functions. Financlal VIeW The trust detrd aulhorises the trugtees to make and holcl investments using the general lunds of the charity. As of 31 March 2023. the Charity held £862.680 in its bank accounts and cash balance. The charity record8d a surplus for the year amounting to £175.14812022.' £187,274). The charity does not hold any funds as a ¢ustodi2n trustee. Reservès Pollcy It is the policy of the ¢harily to mainlain UntrICted funds Bt a kvel whlch will enable the Temple lo maintain it5 piemises and run ts nomial operations. Risk Managèrnent The trustees actively revSew the major risk which the charity faces on a wular basis and believe that rnaintaining reserves al Current levels combined with an annual review of the controls over key financial systems. will provide suffi(#ent resources In the event of adverse conditions. Plans for fuiure perJod$ The trust9 look forward lo the activities of the Ternple prospering as a rèsult of the attra¢tions of its new building. structure. governancè and managemènt The charity is govemed by a Trust deed. The trustees a committed to the followers ol The Sanatan Ohamia which m8ans 'The Most Ancient Religion, an¢J the temple known as Shree Ram Man¢Jir is an id8al Pla of worship and depicts Hindu life in its totality. The Iruslees named on page 1 have served throughout the year. Appointment of trustees is govemed by the Trust deed of the ¢harity. The board of trustees is aulh0ri5ed lo appoint new Iruslees to fill vacancies arising through resignation or death of an existing trustee. A trustee must be a life memb8r and must have pald the minimum subscription of £501 before he or sha can be eligible lo stand for election as a trust. TTUStèes have to retire after 5 years in olfifje, but shall be ellgible for -eleCtIOn at the next Irustees. election.
THE HINDU TEMPLE TRUST REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustèes who served during the yèar and up to the date of signature of the finan(xal ststements were.. Mr Umesh Chander Sharrna (Chairman) MrArun Thekur (Treesurerl Mr Davinder KumarAnand Mr Mahznta Shr8stha Mr Upinder Kumar Sharrna Mr Coossialsing Gopaul hAr Surinder Paul Sharma Mr Sat4nder Malholra Mr Balmukund Joshi Auditor The auditors, Makeswr>rth Audit Services Ltd. have indic3ted Ih¥r willingness to cntInUe in office. The trustees will prop¢)se a motion reappointing th¢ auditors at a megting of the truslees. Disclosure of Infomiatlon to auditors Each ofthè persons who arè Trustees at the b'rne when this Tfustee's ReFort is approved has confirmed that: so far 8$ Ihat Trustsa is aware, there is no relevant audit informayon of which the charity'5 audltors are unaware. and that Trustee has tak¢n all the steps that ought to have been takèn as a Trustee in order io be aware of any reJevart tJdtl information and to est8blpsh that th¢ ¢harity5 audilors a aware ofihat Infonnafion. The report was approved by the Board of Trust888. Mr Umesh Chandgf Sharma (Chairman) Arun Thakui (Treasurer) 22 Jantjary 2024
THE HINDU TEMPLE TRUST STATEMENT OF RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The tiuslees are responsible for preparing the Report and the ftn2ncial stateménts in accordanc8 vAth applicAble law and Unlted Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practieel- The law applicable to charitses in England and Wales requires the trusteès to ppare finan¢ial statements for each finanaal year which give a true and fair view of the stste of affairs of the charity and of thg *ncoming resour$ and application of resources of the charity for that yeaT. In preparing these financial statements. the trustees are required to.. select suitable ac¢ounting policies and then apply them consistently., observe the methods and prinaples in the Charitles SORP-, make judg8menls and 8Stimates th8t are reasonable and prudent., state wh8ther applicable a¢¢ounting standards have been foll<)wed, subject to any materfal depathjres disclosed and explained in th6 financial statèmgnts,. and prepare the financ1 stat8rn8nts on the going COnM basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient StX>Ur1%1ng CordS that disclos8 With reason8ble accuracy at any time the financial position of the charity and enable them to ensur8 that the financial ststernents comply with the Chariti8s Act 2011, the Charity IA¢¢ounts and R&portsl Regulations 2008 and the provisions of the trust deed. They are also responsible lor 5af8guardin9 the a&sets of the charity and hence for tsking reasonable steps for the preventlon and detection of fraud and other irregularib"es.
THE HINDU TEMPLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE HINDU TEMPLE TRUST Opinlon We have aJdited the financial statements of Thé Hindu Tample Trust (the 'charity'l for the year ended 31 March 2023 which cotllprise the ststement of financial activities, the balance sheet and notes to the financial statements, induding Slgnificant accounting r>olicies. The financial reporting framework that has bn applied in th8ir preparation is applicable law and United Kingdom Accounting Standards. including Finanual Reporting Stsndaid 102 The Fin8n¢ial Reporting Standard applNGab18 in the UK and Republic of Ir81and (Unitèd Kingdom Generally Aec8pted A¢¢ounting Pra¢ti£}. In our opinion, the financial stat6tnenis'. give a true and fair view of the stat8 ol the charitys affairs as at 31 Marth 2023 and of ils incoming resources and application of resoure95, lor the year then ended., have been woperly prepared in acclanCe wlth United Kingdom Generdlly Accepted Accounting Pracllce., and have been prepared in accordance with the requirorrtents of the Charities Act 2011. 8asts for opinSon We conducted our audit in accordance wilh Int8rnational Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibllkies under Ihose standards are further dewribed in the Auditorfs sponSIbilitieS fur the audrt of the financial statements section of our report. We are independent of the charity in accord8nce with the ethical requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfr'lled our other ethical respon5ibiliti8s in accordance wlh these requirements. We believe that tha audit eviden¢e we have obtained is sufficient and apFYopriate to provide a basis for our opinion. Conclusions relating to going concèrn In auditing the financial statements, we have conduded that the use of the going concern basis of accounling in the preparation of the financial statements is appropriate. Based on the work we have perfomed. we ha not identified any materfal unrtaIntieS relating to events or conditions that, individually OT collectively, rnay cast significant doubt on the charity's ability Gontinue as a going concern for a peritxl tsf at leasl twelve months From when the financial statements are authorised for issue. Our responsibilities and the rest)onsibililie$ of the trustees with respect to going concem are described in the relevant sections of this report. Other Infomiation The other infortn81ic>n COWTtPrises the information includ8d in the annual report other Ihan the financial statements and our auditors r8POrt thereon. The tnJstee3 are responsible for the other infom)ation contained wthin the annual report. Our opinion on the financial statemgnts does not wver the other information and we do not 8xpress any form of assurance ¢onclusion thereon. Our responsibility is to read th6 other infomiation and, in doing so, consider whether the oth8r information is materially ineonsistent with the financial st&tement5 or our knowledge obtained in the COLrse ol the audit. or otherwise appears to be materially misstated. If we idenb.fy sueh material inconsistencies or apparent maleriai misstatements, we S Tequired to detemiine whether this gives rise lo a material misstalemenl in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatetTrent of this other infomialiorE. we are required lo report that fact. We have nothing lo raport in this ragard. Matttrrs on whlch we are roqulrgd to report by exceptlon We have nothing to report in respect of the following rnatters in relation lo which the Ch8rit19$ (Accounts and Reports) Regul8tion$ 2008 require Lts to report to you if, in our opinion-. the information given in the financlal stalements Is Inconsistent in any material respect with the report- or sufficient accounting records have not been k6pt-. or the financial statements are not in aureement with th8 accounting r8cord$- or we have not recelved all the infomation and explanalioris we require for our audit.
THE HINDU TEMPLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HINDU TEMPLE TRUST Responsibilltles of Trustees As explained more fttlly in the statèment of responsibilities, the trustees trustéés are responsible for the preparation of the financt815tatements and for being satisfied that th8y give a true and fair view, and for such int8mal control as th8 trustees determine is necessary to enable the preparation ol financial statements that are freo from material misst8tement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability k> continue as a going concem. disclosing, as applicable, matters related to going concern and using the going conc8rn basis ol accounting unless the trLtstee5 eilh8r intend to cease operations, or have no reallsth'¢ attemative but to do so. Auditorfs responsibilitios for the audit of the financlal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and raport in accordancè with the Act and relevant regulations made OT having effect thereuryjer. Our objectivès are to obtain r8asonable assurance about whether the financial ststements as a whole are free trom material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. R8asonabl¢ assurance is a high level of assurance bul is a guarantee that an audit conducted in accordance ith ISAS IUKI will always detoct a material n)isstalement wh$n il exists. Misstslernents can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econornic deusions of users taken on the basis of these financial ststements. The extent to which our prDcedures are capable of detecting irregularitigs. including fraud, is detailed bdow. Enquiry of trustees and those charged wth governan as to actual and potenb.al litigation and claims. Enquiry of Irustè6s. wMplIan functions and rol98 to identtfy any instances (rf non-compli8n¢x with laws and reguLgtions. Reviewing finanual statement disclosures and testing to 5UPPOrting docurnenlation to assess compliance wth applicable laws and regulations and accountti)g $landards-. and Performing audit wort( over the risk of managgment override of controls, induding testing of joumals entries and other adjustments for 8ppropriateness. evaluating the business r8lionale of significant trBll$8¢tw)ns outside the normal course of business. and reviewing accounting estirnates for bias. Because of the inherent lirnitalions of an audit, therg is a risk that we will not detect all iegUlarl8S, including those leading to rnalerial misstatement in the financial statements or non-compliance with regulab'on. This risk increases the rnore that compliance with law or regulation is removed from the events and transadions reflected in the rinanci81 statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities oc¢urring due to fraud rather than error, as fraud involves intèntional concealment. forgery, collusitsn, (Knission or misrepresentation. A furttrr descrlption of our resrx)n$sbilities is av8ilabfe on the Financial Reporting Council's website at.. https'.11 www.frc.g.ukJaudit0rsresponSibIlitI8$. This description lorms part of our audilols report. Other mattgrs Your attention is drawn to the fact that the charity has Prèpared financial statements in accordanTr with 'Accounting and Reporting by Chariti&s.' Statement of Recommended Practice applicable to charities preparing their accoltnts in aeeord8nce with the Financial Reporting Standard applicable in the UK and Republic of Irelsnd IFRS 1021. las amended) in pfe[trC to the Accounting Reporting by Charities.. Statement of R8commended Pr8¢tice issued on 1 April 2005 which is referred to in the extant regulations but has now been wsthdrawn. This has been done In or(ler for the financial statements lo providfr a true and fair wew in accordance with current Generalty Accepted Accounting Practic8.
THE HINDU TEMPLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HINDU TEMPLE TRUST Use of our report This report is made solely to the Charity's trustees, as 8 body in accordance wilh Part 4 of The Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we ale requirecj to slate to them in an auditorfs report and for no other purpose. To the fullest extent pemrtted by law, we do not accept or assume responsibility to ar>yone other than the Charity and the Charity's trustees as è body. for our audit work, for this report, or for the opinions we have formed. (Senior Statutory Auditor) Indra Girl 22 January 2024 Chartored Certlfi•d Accountants Statutory Auditor Unit 101, First Floor, Cerventes House S9 Headstone Road. Harrow. HA1 1PD Makesworth Audit Services Ltd is eliglbla for appointmént as auditor of thè charity by virtue of its eligibility for appointment as auditor of a company under sectKJn 1212 of the Companies Act 2006.
THE HINDU TEMPLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Unre5trictgd funds funds 2023 2022 Notes Income from.. Donations and leg$oes Investments 393,724 54,569 332,951 55,487 Total incom• 448,293 388,438 ¢nditure on- Charitable activities 273.145 201,164 Net income for the ygarl Net mov•m•nt in funds 175,148 187,274 Fund balances at l April 2022 3.785,193 3,597,919 Fund balancas at 31 March 2023 3,960.341 3,785,193 The statement of financi818Ctivities includès all gains and lo&3es recognised in the year. All income 8nd trxpenditure derive from CntinUing activities.
THE HINDU TEMPLE TRUST BALANCE SHEET ASAT31 MARCH 2023 2023 2022 Note Fixed a$sets Tangible assets 10 3.041,440 3.070,333 Current assets Debtors C8sh 8t bank an¢ iJi hand 11 63.493 862.680 86.290 638.298 Creditors- amounts falling due within one year 926,173 724,588 12 17.272} 19,7281 Net current assets 918.901 714.860 Total assets less curn1 Ilabllltl 3,960,341 3,785,193 1cOle fun¢ts Unrestricted fund 3,960,&11 3,785,193 3,960.341 3,785,193 The finanaal st8krnents were approved by the Trustees on 22 Jan(Eary 2024 Mr Umesh Trustee hander Sharma IChaimian} MrAnJn Thakur ITreasurerl Trust¢•
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting poli¢ioS Charlty Infomiation The Hindts Temple Trust is an Unincorporated Chartty whose registered address is 22 King Stre8t, Southall, Middlesex. U82 4DA. 1.1 Accountlng ¢onvention The financial statements have been prepared in accordance with the Charlties Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and ReputlC of Ireland" l°FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charib'es: Ststement of Recommended Practice appli&gble to charits"8S preparbng their accounts in accotdance with th8 Finartcial Raporting Stanclard applicable in the UK and Republie of Ireland IFRS 1021. leffectSvt 1 January 20191- The Charty is 8 Public Benofil Entity as defined by FRS 102. The Charity has takgn advantage of the provisions in the SORP for charities not lo preparè a Slalemenl of Cash Flows. Thè financial statèments have departed from the Charities (Account5 and Reports) Regulations 2008 only to the extent required to provide a true and fair vi8w. This departure has involved following tho Ststement ol Recomtnended Pra¢tiix for charftles applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulatlons but which has since been withdrawn. The financial statemgnts ar8 prèpared in sterling. which is the functional cvrren¢y of the Charity. Monetary amounts in these financial statements are rounded to Ihe nearest £. The financial statements have been prepared under the historical cost convention. Tha principal accounting K>licies adopted are set out below. 1.2 Going conc#m At the time of approving the the financial ststements, the Trustees have a reasonable gxpectation that the Charity has adequate rÈsouTces to continue in 0rat1(al existence for the forese&8blg future. Thus the trustè8s continue to adopt the going concem basis of accounting in prepaTing the finaneial ststements. 1.3 Charitable funds Unrestricted funds are available for use 81 the dire110n of the truslees in fvrtherance of their d)aritable objectives. Restri¢ted funds are subject to specifi¢ ¢x)nditions by donors as lo how they may bè usod. The purposes and uses of the restricted funds are sel out in the notes lo the financial statemenls. Endowment funds are subject to specrfic conditions by donors that the Gapitsl must be maintained by the chartly. 1.4 Incomè Income is recognised when the charity is legally enlilled to it 8fter any perfomiance condOn¥ have been met, the amounts can be measured reliably, an¢J it is probable Ihal in¢xme will be reoeived. Cash donations ar8 rewgnlsed on recpl Other donations are recognised once the charity has been notified ol the donation, unless performancè ctsndilions require deferral of the amount. Income tax recoverable in relation to donations reGeNgd under GiftAd or deeds of covenant is recognised al the lime of the donalion. Legacies are recognised on reeeipt or othernise if the charity has been notified of an impending distribution. the amount is known. and rÈGeipt 15 exp8¢ted. If the amount Ss noi known. the legacy is treated as a contingent 8sseL
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Icontinuod) 1.5 Expgndlture Exp8nditure ts recognised once there is a legal or constructlve obligaUon to trénsfer economic benefit to a third party. it is probable that a transfer of economic benefrts will be required in setUEmenl, and the amount of the obligation can be measured reliably. Expenditure ts classifieil by actlvty. The costs of each activty are madè up of the total of direct costs and shared costs. including support costs involved in undèrtaking each activity. Direct Costs attributable to a single activity are allocated diG11Y to that activity- Shared o)sts which contribtjte to more than one adivity and support costs which are not attributsble to a slngle activity are apportioned belween those actlvities on a basis consistent with the use ol resources. Central staff costs are allocated on the basis of lime spent, and depre¢iation ch8rges are alk)cated on the portion of the asset's use. 1.6 Tanglble flx•d assets Tangible fixed assets are instsalty measur8d at cost and subsequentty rn888ured at eos* or valuation, net of depreciation and any impaiment Ioss88. Depreciation is recogniséd so as to write off the cost valuation of assets less their residual values over their useful lives on the followtng bases.. Land Fre6hold buildings Fixture and fittings Jewellery Hindu idols and deities No depreci8tion 1 % straight line 1 % straight line No depreciation 1% Straht line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and th8 C8rrying value of the asset, and is recognised in Ihe statement of financial a¢tivilies. 1.7 Impatrrnent of fixed assets At each rewrtlng end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, th& recoverable amount of the asset is ests'mated in order lo detemiine the extent of the impaimient loss lif anyl. 1.8 Cash and cash equivalents Cash and cash eqliivalènts indude cash in hand. deposits held at call wth banks. other short-lerm liquid investments with original maluribes of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financlal Instruments Thè charity has elected to apply th8 provisions of Sèction 11 '8a$ic FinanciBI Instruments, and Sedion 12 'Oihgr Financi81 Instruments Issue8. of FRS 102 to all of its finanoal instruments. Flnanci81 instnjments are recognised in the charity's balanc8 sheet when the charity becomes p8rty to the contractual provisions of ihe instrutllenL Financial as5els and liabilities are offset. with the nel amounts presented in the financial slalemenls, when there is a legally enforceable right lo set off the reeognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simultaneoLssIy. io-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policios IcontSnu•dl Bas1¢ financial assets Basic financial assets, which includé debtors and cash and bank balans, are initially measured al transactson price including transaction costs and are subsequentty carried at amortised cost using the effective intèrest methcd unless the arrangement constitutes a financin9 tr8ns3ctson, where the transaction is measured al the presonl value of thg future receipts discounted at a market rale ol interest Financial assets classified as recelvable within one year are not amortised. Baslc Ilnancial liabilities Basie financAal liabilities. induding creditors and bank loans ar8 initialty recognised * transaction price unles5 the arrangement consiitutes a financlng transaction, where the debt instrument is measured at the present walue of the future payments discounted al a matket rate of interest. Financial liabilitses ¢l¥ssified as payable thin one year are not amortised. Debt inslwments are subsequendy carried at amortised cost, using the effective interest ratè method. Trade creditors are obligations to pay for g¢)ods or services that have been acquired in the ordinary course of operations from suppliers. Amounis payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non¥current liabilities. Trade creditors are recognised inibally at transaction price and subsequenrfy moasLrred at am0"Sed cost using the effective interest methixl. Deracognffltion of financl41 Ilabllltl•s Financial liabilities are derecognised when the charity'5 contractsjal obligations explre or are discharged or Canlled. 1.10 Employee benefits The cost of any unused holiday entiuemenl is recognSsecf in the perf(KJ In which the employee's services are recoived. Temilnation benefits ar8 recognis6d immediately as an gxpense when the charity Is dgmonstrably cornmitted to temiinate the employment of an employee or to provide lemiination benefits. Crltlcal accountlng estimates and judgemont6 In the application of the Charty's accounting policies. the th8 trustees are quIred to make judgements, ests'matas and assumption8 about the carrying amount of assets an(J liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical eXpernCe and other factors that are considered lo be relevant. Actual results may drfter from these eslimatas. The estimates and underlying assumpti5 are revi8w8d on an ongolng basis. Rèvisions lo accounting astimat95 are recognised in the pèriod in which the estimate is Tevised where the revision affects only that period, or in the period of the r8vi8ion and future periods where the revision offects both currenl and futur8 p8riods. Donatlons and 1tr9a¢le5 Unrgstrl¢ted Unrestricted funds funds 2023 2022 Donations and grfts 393.724 332,951
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and legacles {Continuedl Donations and gfft$ Donations Gift aid refund8 Coronavirus job retention scheme grant Other incoJne 330,231 63.493 257.358 49,069 1.524 25,000 393.724 332,951 Inv8stmènts Unr•striced Unrestri¢ted funds funds 2023 2022 Rental incomg Interest ¢&1¥able 50,650 3.919 52,200 3,287 54,569 55,487 Charltsble aclivltles Charitable Charltable Expenditure Expenditu 2023 2022 Fundional expanses Water rates and unl taxes Cleaning expenses Insurance Light and heat Repairs and fflaintenance Printing and stationary F&stival aetivile$ General expenses 18,246 11,307 11,798 5,009 20,778 106,069 450 18,728 5.576 14,511 10,770 21,548 4,490 22,311 43,419 468 15,040 1.254 197,961 133,811 Share ol support costs Isee note 61 Share of govérnance costs (see note 61 68.884 6,300 59.733 7,620 273,145 201,164 12-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support costs Support Govèmance costs costs 2023 Support Governance costs costs 2022 Staff costs Depreclation Telephong and intemèi Bank charges 35,200 28,893 2,451 2.340 35,200 28.893 2,451 2.340 26.990 28,893 2,165 1,685 26.990 28.893 2.165 1,685 Audit fg8s Legal and professional 3.600 2,700 3.600 2.700 7.620 7,620 Analysed between Charitable activities 68,884 6,300 75,184 59,733 7,620 67,353 Governan costs includes payments to the auditors of £3.60012022.' £nill for èudil fees. Truste0$ None ol the trustees lor any persons ¢onnect8d with them) rtrceived any remuneralion or bertefits from the charity during the yeaf. Employees Th8 8verage monthly number of efnployees dutlng the year was= 2023 Number 2022 Number Employmgnt Costs 2023 2022 Wages and salaries 35.200 26,990 Theie were no employees whose annual remuneration was more than £60,000. Taxatlon The charity 18 exempt from tsx on income and gains falling within section 505 of the Taxes Act 1988 of section 252 of the Taxatlonof Chargeable Gains Act 1992 to the extent that thesa are applied to its charitable objects. 13-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Tanglble flxed ass¢ts Land and bulldlog8 Jtrw¢llory Flxtures dnd ttlngs Hindu idols and d•itk$ Total Cost At 1 April 2022 3,388.453 8,000 223,759 94,743 3,714.955 Al 31 M8r¢h 2023 3,388,453 8,000 223.759 94,743 3,714,955 Depreciation and impalmi¢nt At 1 April 2022 Depreciation charged in the year 500,228 25,708 55,456 2,238 88,938 644,622 28,893 At 31 March 2023 525,936 57,694 89,885 673,515 Carrying amounl At 31 March 2023 2,862.517 8,0 166,065 4,858 3,041,440 At 31 March 2022 2,888,225 8.0 168,303 5.805 3,070,333 All of the aLK>ve assets are used for charbtable purrK>se8. 11 Dobtors 2Q23 2022 Amounts fBlling due within one yèar Other debtors 63,493 86,290 12 Credltors: amounts falllng due withln one y•ar 2023 2022 Other tsxation and social security Trade creditors Other credltors Accruals and deferred In[ne 143 107 3.055 566 6,000 1,129 6,000 7,272 9.728 13 R•latèd party transactions There were no disck)$8ble ielated party transaciions during the year12022- none). 14-