Charity registration number 262605 THE HINDU TEMPLE TRUST ANNUAL REPORT AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE HINDU TEMPLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Umesh Chander Sh8rrna Ichairmanl MrArun Thakui Ureasurerl Mr Davinder KumarAnand Mr Mahant8 Shrestha Mr Upirider Kumar Sharma Mr Coossialsing Gopaul Mr Surinder Paul Sharma Mr Satinder Malhotra Mr Balmukund Joshi Charity number 262605 Principal address 22 King Street Soulhall Middlesex UB2 40A Auditor Makesworth Audit Servicès Ltd Unit 101. First Floor Cervantes Hoijse 5-9 Headstone Road Harrow HA1 IPD Bankers HSBC Bank PIC Punjab National Bank Ilnlernationall Limited ICICI Bank
THE HINDU TEMPLE TRUST CONTENTS Page Executive committee and trustees, annual report Statement of trustees, responsibilities Independent auditor's report Statement of financial actiwties Balance sheet Notes to the finanual slalemènls 9-14
THE HINDU TEMPLE TRUST
REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial 5tatem6nts for the year ended 31 March 2024.
The financial statements have bèen prepared in accordance with the acGounting policies set out in note
io the
financial statements ar)d comply with the charivs trust deed. the Charitiès Act 2011 and "Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable lo charities preparing their 8ccounls in 3cc0rda*ce
with the Financial Reporting Standard 8pplicable in the UK and Republic of IrÈland IFRS 1021 leffective . JanLary
20191.
Objectivès and activltiès
The main object of the charity is the advancement ol the Hindu religion. In order lo achieve ils aims tke tiust
continue5 to manage and maintain the Hindu Temple al 22 King Street in Southall, Middlesex.
The tnjstees have paid due regard lo guidancè issued by the Charty Commission in deciding what actiwties they
should undertake.
Achievèments and pèrforn)ancè
The Temple's new building was opened foi devotees on 21 July 2006. Free Hindi, mathematics and dance classes
are held on every Saturday and Sunday. Frèe yoga classes are also held three times 8 week. Othei sporting aelivity
such as table tennis is freely available within the premises for the community.
Functions like Dtwali, Karvachaulh. Navratras. Janamashalmi and Shovhayatra wère very well attendecl and well
reived. Appreciation was recèived from devotees for successful arrangement Of Èvents. The new hall and
THE HINDU TEMPLE TRUST REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustèes who served during the year and up to the date of signature of the finanaal statements were Mr Umesh Chander Sharma Ichairrnanl Mr Arun Thakur (Treasurer) Mr Davinder KumarAnand Mr Mahanta Shresth8 Mr Upinder Kum8r Sharma Mr Coossialsing Gopaul Mr Surindei Paul Sharma Mr Satinder Malhotr3 Mr Balmukund Joshi Auditor The auditors, Makesworth Audit SeNces Ltd, have indi¢8led their willingness to ¢onlinue in office. The trustees will propose 8 motion reappointing the 8udilors al a meeting of the trusteès. Disclosurè of infomiation to auditors Each of the persons who are Trustees at the lime whèn this Trustèe's Report is approved has confirmed:hat' so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and that Trusteè has taken all the steps that ought lo have been taken as a Trustee in order to be aware of any relevant 8udil information and to establish that the charty's auditors are aware of that infom)£tion. The report was approved by the Board of Trustees. Mr Umesh ander Sh8rma Ichairmanl MrArun Th8kur ITrea$urerl 16 January 2025
THE HINDU TEMPLE TRUST STATEMENT OF RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees ale responsible for preparing the Report and the financial statemen15 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdorn GeneiallyAccepled Accounting Practic: The law applicable to charrties in England and Wales reqLJires the Iruslees to prepare financial statemeils for éach financial year which give a true and fair view of the state of affairs of the charty and of the incoming resources and appliealion ol resOUrS of the charity for that year. In preparing thesè financial stslements. the trusteès are required lo.. select suitable ac¢ounling policies and then apply them consislenlly., - observe the methods and principles in thè Charities SORP., make judgements and estimates that are rèasonable and prudent., slate whether applicable accounting standards havè been followed, subject to any material departures disclosed and explained in the finanoal statements., and prepare the financial stslements on the going ¢oncem basi5 unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible foi keeping suffiaent accounting records that disclose with reasonable acc[aCY at any lime the financial position of the charity 8nd enable them to ensure that the financial statements comply vJith the Charities Act 2011, the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the trust de_ ¥d_ They are also rèsponsible for safeguarding the assets of the charity and hènoe for taking reasonable steps for the prevention and detection of fraud and other irregularitie5.
THE HINDU TEMPLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE HINDU TEMPLE TRUST Opinion We have audited the financial slalements of The Hindu Temple Trust (the '¢harity'l for the year ended 31 March 2024 which comprise the statement of financial activities, the balance she@18nd notes lo the finanual sl8lemeYts, including significant accounting policies. The finanaal reporting frarnework that has beèn applied in their preF2ralion 1$ 8pplicab5e law and United Kingdom Accounting Standards, including Financial Reporting >tandard d02 T17e Financial Reporting Standard applicable in the UK 2nd Republic of IlancI (United Kingdorr. General y Accepted A¢counting Practice). In our opinion. the financial statements.. givè a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with Unrted Kingdom Generally ACpted Accounting P?ctio.' and have been prepared in a¢¢ordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in acctsrdance with International Standards on Auditing IUIQ IISAS IUKII ano applicable law. Our responsibilities under those standards are further described in the Auditors resptsnsibilities for the audit ol the finbnci81 statements section of our ieport. We are indèpendent of the charity in accord8nTr with the ethical requirements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical st8ndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believè that the audit ewden¢e we have obtained 1$ suffiaent and appropriate to provide a basis for our opinion. Conclusions relatlng to going ¢oncern In auditing the finanaal statèments, we have coneluded that the use of the going concem basis of accounting in the preparation of the finan¢ial statements is appropriate. Based on the work we have performed, we have not idenb'fied any Matèrial uncertainties rel8ting to events or conditions that, indiwdually or collectively, m8y cast significant doubl on the charity's ability to continue as a going concern for a period of at lèast tsvelve months from when the financial statemènts are authorised lor issuè. Our responsibilities and the responsibilities of the trustees with respect to going concètn are described in the rèlevant sèctions of this report. Other infomiation The other information ¢omprises the information induded in the annual repL¥rt other than the financial st81ements and our auditoi's report Ihereon. The trustees are responsible for the other information contained within the anndal report. Our opinion on the financial staternents does not eover the other infomalion and we do not Èxpress any form of assurance conclusion thereon. Our responsibility is to read thè other information and, in doing so, consider whether the other inforrnation is matèrially inconsistent with the financial stateThents or our knowledge obta'ned in the course of the audit, or othenvise appears to be rraterially misstated. If we identify such material incoisisiencies or apparent material misstatemènts. we arè required to delemine whether this gives iise to a materBI migsta ement in the financial statemènts themselves. If, based on the work we have pèrformed, we conclude thai there is a material misstaternent of this other inforrnation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are rèquired to report by èxception We have nothing to report in respéct of the following matters in relation to which the Ch8rities IAccounls and Reports) Regulations 2008 require us to report to you if, in our opinion.. the inform8tion given in the financial statèmenls is InnSiStent in any matèri81 respect with the report.. Oi sufficient ac¢ounting re¢ords have not been kept,. or thè finanaal st8ternentS 8re not in 8greement with the ac¢ounting records,. or we have not receivèd all the information 8nd explanations we require for our audit.
THE HINDU TEMPLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE HINDU TEMPLE TRUST Responsibilities of tTUSteès As explained more fully in the statement of responsibilities, the trustees tIU5tees are responsible lor the preparation of the financial statements and for being sat15fied that they giv@ a true and fair view. and for such intem31 control as the trustees determine is necèssary to enable the preparation of financial statements that are frÈÈ from material misstaternent, whether due to fraud or error. In preparing the financial sl8lements, the trustees are Fesponsible for assessing the charity's ability to ¢ontinue as a going concern. disdosing, as applicable, m8tters relaied lo going coneem and using the going concern basis of accounting unless the trustees either intend lo ase (yerations. or have no realistic alternative but to do so. Audlttsr's responsibilities for thè audit of the financial statements Wè have been appointed as auditor under section 144 of the Charth'ès Act 2011 and rèport in accordance with the Act and relevant regulations made or hawng effect thereunder. Our objectives are to obtain reasonable assurancè about whether the financial statements as a whole are frèe from materi81 misstatement. whether due to fraud or error, and to issue an auditor's report that includes our -pinion. Reasonable assurance is 8 high level of assurancè bul is not a guarantee that an audit conducted in accordance with ISA5 IUKI will alway5 deteet a material misstalemenl when it exists. Misslalements can aris& from fraud or error and are considered m8terial if, individually or in the aggregate, they could re8sL>nably be expe¢ted ',0 ii-,luen the economic dèt15ions of vsers taken on the basis of these financial statements. The e*tènt lo which our procedures are capable of detecting irregularities, induding fraud, is detailed below. Enquiry of trusteès and those charged with goveman¢e as to aelual and potential11(igation and claim5. Enquiry of trustees. compliance fundions and roles lo identify any instances of non-compliance witl laws and regulations. Reviewing financial statèrnent disclosures and testing to supporting documentation to assess ¢ornpliance with applicable laws and regulatitsns and accounting standards.. and Pèrforming audit work over the risk of management override of controls, including testing of journa15 entries and other adjustments for appropri8teness, evaluating the business rationale of significant transactions outsidè the nomal ¢ourse of business, and rewewing accounting estimates for bias. Because of the inherent limit8tions of an audit, there is a risk that we will not detect all irgU58r1ties, including those leading lo material misstatemènt in thè finaneial statemènts or n(>n-complianTr with regulation. This risK in.c" i eases the more that Complian with law or iegulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of n0cOMpliance. The .'isk .s also greater regarding irregulaiilies oc¢urring due to fraud rather than error, as fraud involves intentional corncetslment. forgery, collusion, omission or misrepresenlalion. A further descriptitsn of our responsibilities is available on thè Financial Reporting Council's websrte at.. https'll www.frc.org.uklauditorsresponsibilities. This description ft>rms part of our audilorfs rèport. Other matters Your attention is drawn to the fact that the chaiity has prepared finanaal slalemenls in accoidance with Accounti.Ig and Reporting by Charities". Statement of Rècommended Practice applieable to eharities preparing their accoLJnts in accordance with the Finanei81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" 13S amended) in preferen to the Accounting and Reporting by Charrties.. Statement of Recommended Piactice ,ssued on 1 April 2005 which is referred lo in the extant iegulations bul has now been wrthdrawn. This has been done in order for the financial statèments to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
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 3 body in accordance with Part 4 of The Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale to the Charity's trustees those matters we are required to stale to them in an audilorfs report and for no other purposè. To the IlIest exlent pertnitted by law, wè do not accept or assume responsibility to anyone other than the Charity and the Charity's trustees as a body, for our audrfr work, for this report, or for the opinions we have formèd. lftdra Raj Gin ACA, FCCA Isenior Ststutory Auditor) for and on bèhatf of Makesworth Audit Services Lt(I 16 January 2025 Chartered Cèrtified Accountarts ststutory Auditor Unit 101, First Floor, Cèrventes House 5-9 Headstone Road. Harrow. HA1 1 PD Makesworth Audit Sèrvices Ltd is eligible for appointment as auditor of the charity by virtue of ts eligibility for appointment as auditor of a Company under section 1212 of the Companies Act 2006.
THE HINDU TEMPLE TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrictèd Unrestrrcted funds funds 2024 2023 Notès efr Donations 2nd legacies Investments 426,422 74,501 393.724 54,569 Total income 500,923 448,293 ditu Charitable activities 295,453 273, 145 Net income for the yearl Net movemènt in funds 205,470 175.148 Fund balance$ 8t 1 April 2023 3,960,341 3,135,193 Fund balances at 31 March 2024 4.165,811 a,9)0.341 The slalement of financial adivities indudes all gains and losses recK)gnised in the ye8r. All income and expenditure derivè from continuing activities.
THE HINDU TEMPLE TRUST BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notès Fixed assets Tangible assets 10 3,012,547 3.C41.44Ql Currènt assèts Debtors Cash al bank and in hand 11 66.564 1,096,747 63,493 862,680 Creditors- amounts falling due within one year 1,163,311 926,173 12 110,04n 17,2721 Nel current assets 1.153,264 91 $,901 Totsl assets less current liabilities 4,165,811 3 900.341 Income funds Unrestricted funds 4.165,811 3,980.341 4,165.811 3,9iO.341 The finan¢yal staternents were approvèd by thè Trustees on 16 January 2025 Mr Umesh Ch8nder S Trustee arma IChairm8nl Arun Thakur (Treasurer) Trustsè
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity rnfommtion The HindLJ Temple Trust IS an Unincorporated Charty whose registerèd address is 22 King Street. Southall. Middlesex, UB2 4DA. 1.1 Aceountiny convention The financial statements have been prepared in accordance with the Chaiilies Act 2011, FRS 102 --he Financial Reporting St2ndard applicable in the UK and Republic of Ireland. l°FRS 102.1 and the h8rities SORP "A¢counting and Reporting by Charities.. Statement of Recommended Practlce 3pplicabl2 to charities pieparing their accounts in accordance with the Financial Reporting Slandaid applicable in the UK and Republic tsf Ireland IFRS 1021" leffeetive 1 January 20191. The Charrty is a Public 8enefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities ntst to prepare a Statement of Cash Flows. The financial slalements have departed from thè Charities (Accounts and Reports) Regulations 2008 onl> to the extent required to providè a true and fair view. This departure has involved following the Slatemen:. of Recommended Practice for eharities applying FRS 102 rather than the version Df the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawo. The financial slalements are prepared in sterfing, which is the functional currenw of the Charit. Monetary amounts in these financial statements are rounded lo thè nearest £. The financial statements have been prepared under the histori¢al cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concem At the time of approving the the financial slalements, the Ttustees have a reasonable expectation that the Charity has adequate resources to continue in operab'onal estence for the foreseeable futuie. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial $tatemerbts. 1.3 Charitable funds Unrestricted funds are available for use at the dIretIOn of the trustees in furtherance of the1r charitsble objectives. Restricted funds are subje¢l lo spè¢ific conditions by donors 8S to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained ay the charity. 1.4 Income Income is reoognised when the charity is legally entitled to it after any performance ¢onditions have been rnet. the amounts can be mèasured reliably, and it is probable that income will be received. Cash donations are recognisèd on reeeipl. Other donations are recognised once the charity has been notified of the donation, unless performance eonditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or dÈeds of eovenant is recognised at the time of the donati?n. Legacies are recognised on receipt or othemise if thè eharity h85 been notified tsf an impÈrFding distribution, the amount is known, and reeeipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Accounting policlès (Continuedl 1.5 Expenditure Expenditure is recognised once there is 8 legal or constructive obligation to transfèr economic benefit ro a third party. it is probable that a transfer of economic benefits will be required in settlement. and thè amount ol the obligation can be measured reliably. Expenditure is dassified by a¢tiwty. The costs of each activity are madè up of the total of direct oosts and sharèd costs, including 5UPPOrt costs involved in ur)dertaking each activity_ Direct Costs attiibutable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned belween those activities on 3 basis consistènt with the use L>f resources. Central st8ff costs are allocated on the basis ol lirne spent, and depreuation charges are allocated on the portion of the asset's use. 1.6 Tangible fixèd assèts Tangible fixed assets are initially measurèd at cost and subsequèntly measured at Cost or valuation. net ol d&preaation and any imp8imient losses. Deprèciation is recognised so as to write off the wst or valuation of assèts less their residual values over theii useful lives on the following bases.. Land Freehold buildings Fixture and fittings Jewellery Hindu idols and deities No depreciation 10kn straight line 1°k stF8ight line No depreciation 1 D/0 Straight line The g8in orltsss arising on the disposal of an asset is determined 8S the drfterence bettvÈen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial 3Ctivities. 1.7 Impairnient of fixed assèts At each reporting end date, the charity reviews the (srrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. 11 any such indralion exists. the recoverable amount of the asset is estimated in order to determne the exlenl ol the ',mpaiime+lt loss lif any). 1.8 Cash and cash equivalents Gash and cash equivalents include cash in hand. deposits held al call wrth banks. other shon-term 5iquid investments with original tnaturities of three months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowings in current liabilities. 1.9 Financial instrumènts The charity has elected lo appty the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balaTr sheet when the charity be¢omes partg lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with thè net amounts prèsented in the financial statements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or to Fealise the asset and settle the liability simultaneously. 10-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Icontinuedl Basic financiTalassèts Basic financial assets. whirh indude debtors and cash and bank balances, are initi31fy measLJred al transaction price including transaction costs and are subsequently carried at amortisèd cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transactiop. is measured at the present value of the future receipts discountèd at a market rate of intèrest. Fin8ncial assets dassrfied as receivable within one year are not arnortised. Basic finaneialliabilities Basic financial liabilities, including creditors and bank loans are init1811y recognised at transaction price unless the arrangement nStitUteS a financing tiansaction, wherè the debt instrument is measured al the ?resent value of the future payrnÈnls discount&d al a market rate of interest. Finan¢i31 liabilities classified as payable within one year are not amortised. Debt instruments are subsèquently carried at amortised cost. Using the effective interest rate method. Trade creditors are obligations lo pay for good5 or services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are re¢ognised initially al transaction price and subsequently measured al amortised cost Using the effective interest methoc Derecognition of financiTal liabilities Financial liabilities are dèrecognised when the charty's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits Thè cost of any unused holiday entillemenl is recogni5ed in the period in which the erllployee's seNices are recèived. Termination benefits are recognised imrnediately as an expensè when the charity is demL)nstrably committed lo terminate the employment of an employee or to prowde lerrninalion benefits. Critical accounting estimates and judgèments In the application of the Charitys accounting policies, the the trustees are required to make judgements, estimates and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historic81 experience aTd ot.le factors that are considered lo be rèlevant. Actual resuts may differ frorn thesÈ estirnates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to 3cccunting estimates are recognised in the period in which the estimate is Tewsed where the revision affects only that period. or in the period of the revision and future periods wherè the revision affee15 both current and future periods. Donations and lègacies Unrestricted Unrestricted funds funds 2024 2023 Donations and gifts 426,422 393,724 11
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and lega¢ies (Continued) Donations and gifts Donations Gift aid relièts 3S3,857 62.565 330,231 63.493 426,422 393 724 Invèstments Unrestricted Unrestrrcted funds funds 2024 2023 Rental incomè Interest receivable 54,900 19.601 50.650 3.919 74.SQ1 $4,569 Charitable aettvities Charitable Charitable Expenditure Expenditure 2024 2023 Functional expenses Water rates and eouncil taxes Cleaning &xpense5 Insurance Light and heat Repairs and maintenance Printing and slatitsnary Festival actiwties General expenses 35,335 17,489 25.056 5.044 25,291 46,31 S 3,885 43,358 8,253 18.246 11.307 11 798 5009 IU6.069 450 18,728 5,576 210.029 197.961 Sharè of support costs (see note 61 Share of governance costs (see note 61 77,424 6,000 88.884 6,300 295,453 273,145 12-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support eosts Support Governancè costs costs 2024 Support Governance Costs costs 2023 Staff costs Depreciation Telephone and intemet Bank charges 42.722 28,893 2,536 3,273 42,722 28.893 2,536 3,273 35,200 28.893 2,451 2,340 35,20C. 28,893 2.451 2.340 Audrt fÈe5 Legal and professional 3,600 4,400 3.600 4,400 3.600 2,700 3,800 2.700 Analysed between Charitable activities 77,424 8,OC() 85,424 68,884 6,300 75,184 Govemance Costs includes payments lo the auditr)rs of £3,60012023.' £3,600) for audit fees. Trustees None of the trusteès lor any persons connected with them) recèived any remuneration or benefits from ihe charity during the year. Employeès Thè average monthty number of employees during the year was.. 2024 Numbèr 2023 Numbèr Employment costs 2024 2023 Wages and salaries 42,722 35,200 There were no employees whose annual remuneration was more than £60.000. Taxation The charty is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 01 section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to ils charilabiè oblects. 13
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Tangible fixèd assets Land and bulldlngs Jèwsllery Flxiures and rittings Hlndu idols and deities Cost At 1 April 2023 3,388,453 8,OlXI 223,759 94,743 3 714.95 Al 31 March 2024 3.388,453 8,000 223,759 94,743 3,-14.955 Depreciation and impairnient At 1 April 2023 Depreei8lion charged in the year 525,936 25,708 S7,694 2,238 89,885 947 673.515 28 893 Al 31 March 2024 551,644 59,932 90,832 702,408 Carrylng amount At 31 March 2024 2,836,809 8,000 1S3,827 3,911 3.012.547 At 31 March 2023 2,862,517 8.000 166,065 4.858 3,C.41,440 All of the above assets are used for charitablè purposes. 11 Dèbtors Amounts falling due within one year: 2024 2023 Accrued income Other debtors 4,000 62,584 66,564 ti3,493 12 Creditors: amounts falling due within one year 2024 2023 Other taxation and soaal security Other oreditors Accruals and deferred incorne 80 3,367 6,600 143 6,000 10.047 7.272 13 Related party transactions There were no disclosable related party transaetions during the year12023- none). 14-