Charity registration number 262605 (Englanii and Waletsl THE HINDU TEMPLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE HINDU TEMPLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru$t<e$ MrArun Thakur IChaim)anl IAppoinled 2: Febr:. 20251 Mr D3vinder KumarAnand Mr Mahanta Shrestha Mr Upinder Kumar Shama Mr Coossialsing Gtrpaul Mr Surinder Paul Sharrna Mr Salinder Malholra Mr Balmukund Joshi (frèasurèrl Mr Hitesh Chander Sharma (Appoint 13 April £v25,. Charity number 282605 Principal address 22 King Street Southall Middlesex UB24DA Auditor Makesworth Audit Services Ltd Unil 101, First Floor CeNantes House 5-9 Headstone Road Harrow HA1 1PD Bankers HSBC Bank PIC Puniab National Bank Ilnternalionall Limite ICICI Bank
THE HINDU TEMPLE TRUST CONTENTS Page E¥ecutNe committee and trustees, annual report Statement of truste&s' responsibilities Independent auditorf$ report Statemènt of financkgl actiwties Balance sheet Notes lo the financial staternents 10-17
THE HINDU TEMPLE TRUST REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present theirannual report and finanrial staternents for the yèar ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note I ,.0 th financial statements and cornpty with the charitys trust deed, the Charities Act 20118nd "Accounting and Re:ortsn by Charitie5." Statement of Recomtnended Practice applicable to chanti&s preparing their accounts ? acco'San¢& ith the Finanryal Reporting Stsndard applitxble in the UK and Repu of Ireland IFRS 1021. (effe¢rD 1 janrA 20191. Oblectives and act6vknes The main object of the charity is the advancement of the Hindu religion. In order to achieve ils aims IrJgl cantinues lo tnanage and maintain the Hindu Temple at 22 Tr9 Street in Southall, Middlesex. The trus1888 have paid due r89ard to guidance issued by the Charity Commission in deciding what actiwties ti ey should undertake. Achievements and perfom)an¢e The Temple's new building was opened to d¢votee$ on 21 Juty 2006. Free Hindi dasses are conducted a week, b¢>th in person and vlrtually. Major religious functions such as Diwall. Karva Chauth, N8vratri, and Janmashtami are l&br¥-£3 regularly. The annual Shobha Yatra is very well att&nded by community leaders, political leaders, hpa,-an.rg diplomats from India, NÈpal, Mauritius, Kenya, Sri Lanka, Uganda, and representatives from '/a110L'S r¢ligiou¥ trr9ani¥ation$. We serve food to approximately 6.000-7.000 devotees on the day. As the Yatra is a key event in the Southall Gakndar. special permission is required from Ealin9 Coun-ll. viiih total management Costs exceeding £40.000. During Navratfi, the Temple rernain5 extremely busy. welcorning hundred$ of dèvot8e$ daily, Milh tèa, snacks. and meals served throughout the day. Pra53dlfood is Served to devotees every Sunday and Tuesday following Bhaian rtaft IbebNeen 12 JO ard 14..00 hrsl. Milk is Serv to all devotees every Tuesday evening. Food 18 provided for inter-faith group meeting5 and festivals. supporbng tommunity eftgagÈrp,ÈnL We have received appreriation from devotee$ for the successful organisatien of 811 events. The hall and kitGhen are in constant USÈ and have bacom& Valuab assets lo the Trust. Ongoing eff -,rts a made to raise funds through Ihe organlsation of various functions. In associatio wu) MATV, th& Sadbhavna Sandesh program is broadGa$t on weekends dunng spec,al BebratIonS (such as N8vratra, Krishna Janmashtsrni. etc.) for elderfy rnembers who are unable to Ifwel -.o the temp5? and wish lo participate from home. Finan¢ial review The trust deed aulhorises Ihe trustees lo make and hold investments using the general fijnds of the=harity..4$ 0" 31 March 2025. the Gharity held £1.382.715 in rt8 bank acceunls and cash balance. The charity rècordèd a sUlUS for the year amounting to £271.50012024". £205,470). The chanty does not 3.'ly fvnds as a custodian tnjstee.
THE HINDU TEMPLE TRUST REPORT (CONTINUED) FOR THE YEAR ENDED 31 hlARCH 2025 Reserves Policy It is the policy of the tharity lo rTraintain unrestricted funds at a Ve1 whlch will &n8ble the Tetnple -.o tnair'-.2ii premises and njn its normal operations. Risk Management The trustees actNely r8w8W the major risk which the charity faces on a regular bask8 and believe tkal mair,:ain,k.g reserves al current levels combined with an annual review of the controls over key financial systems, will )wv,th sufficient resources in the event of athierse cortditions. Plans for future periods The trustees look forward lo the activities of the Temple prospering as a result of the attraobons of it5 new bu lain$ structure, yermanee and management The charity is governed by a Trust deed. Th& trustees are committed to the follower5 of The Sanalan Jharm a wr.i¢h means 'The Most Anaent Religion. and the temple known a$ Shree Ram Mandir is an ideal place of wors-lp ard depicts Hindu life in its totslity. The trustees named on page 1 have serwed throughout the year. Appointment of trustees Is governed by Tr4Jil dÈ?d of the charity. The board of trustees is authorised lo appoint new trustee8 to fill vacanrAe$ arising 'irDc.h rèsignation or death of an existing trustee. A trustee must be a lrfe membar and must have paic +hÈ .11. subscription of £501 before he or she can be eligible lo 8tsnd for dection as a trustee. Trustees have'.0 tirE ttfter 5 years in office, but shall be el1b for reekction at the next trustees, election. The trustees who served during the year and up to Ihe date of svJnature of the finanal statements were.. Mr Umesh Chander Shatma (Chairman) (Deceased 20 February 20251 MrArun Thakur Ichairnianl (Appointed 20 February 20251 Mr Davinder KumarAnand Mr Mahanta Shrestha Mr Upinder Kumar Shama Mr Coossialsing Gopaul Mr Surinder Paul Sharma Mr Satinder Malhotra Mr Balmukund Joshi (Treasurer) Mr Hitesh Chander Shamia (Appointed 13 April 20251 Auditor The auditor$. Makesworth Audbt Services Ltd. hav8 indicated their wllirwJnes$ to continue in Dffice Tle lrus.ees Vijll propose a motion reappointing the auditors at a meeting of the trustees. Dlsclosure of Intomiatlon to auditors Each of the persons who are Trustees at the brne when thi5 Tru5tee'5 Report 15 approved has confirmed that so far a8 that Tru81ee is awarè, there is no relevant audit inforrnatson of which the charity'5 auditois are u-aw31=. and that Trusiee has tsken all the staps that ought te have b8en taken as a Trustee in order lo be awaft tsf aoy levant audbt infomation and to establish that the charity's auditors ar8 awar8 of that Information.
THE HINDU TEMPLE TRUST REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The report was approved by the Board of Twste&s. MrA Thakur Ichaimianl Mr Balmukund Joshi (freasurErl 23 January 2026
THE HINDU TEMPLE TRUST STATEMENT OF RESPONSIBILrriES FOR THE YEAR ENDED 31 MARCH 2025 The trustees are responsible for prep8ring the Report and the financial statements in accordance '1th apF..cabl¢ law and United ngdoM Accounting Standards (United ngdoM GenerallyAcc8ptèdAccountin9 Praclicel. The law applicabl& to charibe5 In England and Wales requires the trustees to prepare financial slatety.enls f-. eaGI financial year which give a truÈ and tsir view of the slate of affairs of the tharity and of the incoming resourc,:5 31C. appliGation of resources ef the charity for that year. In preparing these financial slatemenls. the trustees are required to.. selèct sultable aGGounbng policies and then appty them consistenly., observe the rnethods and prinaples in the Charities SORP.. make judgetnenls and estsmales that are reasonable and pnjdent.. stal& whether applicable accounting stsndards have been followed, subject to any materi31 departLres dis¢lose( and Èxplained in the financial statements., and prepare thè finanrial statements on the going coftcem basis unless it is inappropriatè to presume thal the =18rit,' will continue in operation. The trustees are r&sponsible for keeping strfficient accounting records that di$dose with reasonable ac"uracy at aTr', tirne the financial position of the charity and enable them to ensure that the finanaal statements coTrply l-. Ilii-' Charities Act 2011, the Charity IAccoynt5 and Report81 Regulation$ 2008 and the provisions of the trust deec Tl= are also responsible for safaguarding the assets of the charty and hence for taking reasonable Steps "gr Ihp prevention and detection of fraud and other irregularities.
THE HINDU TEMPLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE HINDU TEMPLE TRUST Opinion We have audited the financial 8taternents of The Hindu Templ& Trust (the 'charitl for the year epled 31 Ma"c 2025 which comprise the stslement of financial actDiities. the balance sheet and notes to the finÈnc31 slalter,Is. including signfficant accounting policies. The financial reporting tratnework that has been applied In lilair preFarl.c is applicable law and United Kingdow Accounting Standards, including Financial Reporting Slapdard 1-? Financial Reporting Standard epPIable in the UK arjd Rfrpublic of Iland (United ltingdom Generally A(..E Accounting Praclicel. In our opinion. the financial statements.. give a true and fair vW of the stste of the charity's affairs as at 31 March 2025 and of ils In¢op.ing re:0r(£S and applItion of resources, for the year then anded", have been properly prepared in accordance wth United ngdtsrn Generalty Accepted Accou11ing P-act1.; and have been prepared in accordance with the ChariliesAct2011. Basis for opinion W& conducted our audit in accordance with Inlèmational Stsndards on Au(Sib"ng IUKI IISAS IUKI) and appiicaDI- law. Our responsibilitie5 under those 5tsndards are fijrther described in the AuditoP5 responsibilrfies.or C)1 th8 firtanoial st8t8menls section tsf our report. We are ind&pendenl of th& charity in accordance w,th the ethi-31 requirements that are relevant to our audit of the financi81 slaternents In the UK, including Ihe -RC's Lthitsl Standard. and WÈ have fulfilled our other ethical responsibilities in accordance wtth thest r&quiremeTr.Is. Wé Jel',ev thatthe audit evidence we have obtained is sUffict and appropriate to provKJe a basis for our opinioi. Conclusions relating to goin9 concem In auditing the finanaal statements. we have concluded that the use of the goiNJ concem basis tsf accountyng In preparation of the finanaal statements is apprapriate. Based on th& work we hav8 performed, w8 have not identfied any matertal uncertaintiÈs relating to 8vefTIs conditions that, individually or colledivety, may cast sunificant doubt on the tharity's ability to as cl 90,1 J concern for a period of at least 1ve months from when the financial statements are 8UthorisÈd for issue. Our responsibilities and the responsibileS of the Irustses wrth respect to going concem are de¥crid In Ine r8Jevant Sections of this report. Other infomation The other information comprises the information induded in Ihe annual report other th8n the fnancial statpTreits and our auditovs pOrt th8rÈon. The trn8tee$ are responsible for the other information contained ivilhin the annJ-. report. Our opinion on the financi31 statements does not cover the other infomiation and we do not xpress ar y of assurance condusion therèon Our responsibility is lo read the other infornation and, In doino 50. u-.i$ioE.r whether the othtrr inforrnation Is materially In¢onsislent with th& finanGial statements or our knowledae Obta..-.e 11 the course of the audit. or other¥vise appears to be materially misstated. If we identify such materi81 inconsis.en¢.es or apparent material tni5Statements. we are required to determine whether this giv&s rise to a mater1 lSta1Fer I in the financial statements themselves. If. ba88d on the work we have perfonned, we cOnclde Iqat the-: material misstatement of this other Inforrnalion. we are required to report that fact. We have nothing to repart in this regard. Matters on which we are required to Teport by exception We have nothing to report in respect of the following matters in relation lo %thlch the Ch8rilies IAGcouf'.s an Reports) Regulations 2008 requires us lo report lo you rf. in our epinion." the infotmation given in the financial Ststernents is inconsistent in any matsrial respeGt with the report." o-. sufficient accounting rewrds havè not been kept., or the financial staternents 8r8 not in 3greernent wrth the accounting rrdS.. or we have not re¢eNed all the informats'on and explanations we require for our audrt.
THE HINDU TEMPLE TRUST INDEPENDENT AUDITOR'S REPORT ICONTINUEDI TO THE TRUSTEES OF THE HINDU TEMPLE TRUST Responsibilities of trustees As èxplained rnore fully in Ihe ststement of responsibilthès, the trustees truste8$ are Tesponsible for ltye prep2-al!L'. of the financial ststernents and for being satisfied that they give a true and fair view. and for such in-.eroal coriro. a: the trustees deterrnine Is necessary to enable the preparation of financial statemtrnts that are free Irom rrate,., misslat8ment. whether due lo fraud or error. In prepanng the financial stalemenls. the trustees are respons,'-,e fo" assessing the charitrfs ability to continue a5 a going concèrn. disdosing, as applicable, rnatters reistèd lo 4cinc concern and using the going concem basis of accountin9 unless the trustees erther inlÈnd to cease .)pralic-.s. 0, have no r&alistic akematwe but lo do $0. Audito$ responsibillties forthe audit of the financial $iatements We have besn appointed a5 auditor under section 144 of the Charities Ad 2011 and report in aGGorttance w:+n :h Ad and relevant regulabons made or having effeGt thereunder. Our objÈctrrfe5 are te obtain reasonable assurance about whether the financial staternenls as a Who are tre- frorr material misstatement, whether due to fraud or error. 3nd to issue an auditovs report that Includes gur o ThiTri= Reasonable a5surancÈ is a high level of assurance but is nol 8 guarantee that an audit conducted I accoidaikn with ISAS IUKI will aayS detect a material misstatemefil when it exists. Misstatements can arise '.rom fr.3Jd o-. error and are considered mat8rial if, indiwdualty or in the aggregate, they could reasonably be expectÈd to inf the economi¢ deG15ions of users taken on the basis of these finanual statements. The extent lo which our procedures are capable of detecting irregularitps. induding fraud. is detailed bolow. Enquiry of twstees and those charged with govarnant¢ as to acbJal and potential litigation and claim: Enquiry of trustees. compllan¢e fUnCtnS and roles ttr identrfy any instances of non-cornplian¢e wilh lav's anc. regulations. Reviewing financial $tatement disdosures and testing to suppOn9 dorurnentstion to a$$ess GoTplianc¢ wth applicable laws and regulations and attounting starTrdards'. and Performing audit work Over the risk of management override of controls. induding testrng of journals enlrit'.s anc other adjustmen15 for appropriateness, evaluating the business ratnale of significant transactions outsi.le Ihp normal ctrurse of business, and reviewing accounting estimates for bias. Because of the inherent limitations of an audit, there is a risk that we wll not dete all irregularities. Ipcludinc thJs leading lo material mt55tstement in thè ffnancial statem8nts or nOnmpliance wilh rÈgulation. This 'isk inc'eas= the more that Complian with law or regulation is removed from the events and transactions re-'le¢ted i il financial ststem8nts, as we will be 1888 likely to become aware of instances of norrtompliènce. Th.£ risk s alsc greater regarding Irragularilies occurring due to fraud rather than error, as fraud involves Intentional onCe£..mnt forgery. collusion, omission or misrepr&8entation. A further de$ptIon of our responsibilities is available on the Financial Reporbng Council's website al.- llps.i' ww.frc.ory.uklauditorsresp0nsibilit$. Thi5 description forms part of our auditors report. Other matters Your attention Is drawn to the f8Ct thatthe charity has prepared financial 5tstements in accordance will'A¢ccn1lIQ and Reporting by CharttEs'. Slalement of Recornrnended Pract8 applicable to Gharilies Pf&tiaring Ihe.'r ac¢o.'nls 1>, accordance ttTh the Finanal Reporting Standard applicable in the UK and Republic of Ireland If4S 10.- amendedl in prefer8nce to IheAccounling and Reporting by Charities.. Staternent of Recommended P-aGtice on 1 April 2005 which is referred lo in the extant regulations but has new been withdrawn. This has been done in order for the finanaal statements to provide a tNe and fair wew in aGcord8nce wth r.'JrrÈp.-. GenerallyAcceptedAccounting 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 m¥de sokly to the Charity's trustees, as a body in accordance wllh Part 4 of The Cb.3rilies 14cccL Its and Reports) Regulatn$ 2008. Our audit work has bèen undertaken so that WÈ rnighl Slate lo the trustees thtsse matters we aE requir8d to stale lo them In an alIt08 rèport and for no other purpose. To Ll-¥ *i.1'g¥. exlEnt permitted by law. w& do not accept or assuTne sponsIbl1 lo anyonè other than thE ih8rity inc Charity's Irusiees 8$ a body. forour 8uditwork. for this reporL orfor the op4nions we have fomed. Indra Raj Gin AC& FCCAISenior StatutoryAuditorl for and on behalf of Makesworth AuditSpr¥ices Ltd 23 January 2026 Chartered CetI¢d Accountaikts Statutory Auditor Unil 101. First Fknor. Certrentes l.=us 5-9 Headstone qoad, Ha.-.TJW, Hk,. 1PD Makesworth Audit Servicgs Lld is digi8 for 8ppoinbm¢nl as auditor of the chariiy by virtue of itrs elioitrilitrj for appointment as auditor ofa company urtdersection 1212 of the Compani¢sAcl 2006.
THE HINDU TEMPLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricte funds 2025 Unrestricted 2024 Notes Income from: Donations and legacie5 Inveslrnents 481,317 95,627 Totsl Income 576,944 00.9£3 Expenditure on.. Charltsble aclNities 305.444 95rt5 Total ?xpendlture 305.444 4954K3 Nèt inrorne and movemerbt in funds 271.500 Reconclliatlon of funds: Fund balances at 1 April 2024 4.165.811 3.C80,:.4 1 Fund balanc85 at 31 March 2025 4,437.311 4,'86.8'.1 The statement of financial activities in¢ludes all gains and losses reeognised in the year. All In[Me and expE", derwe frorn continuing actniities.
THE HINDU TEMPLE TRUST BALANCE SHEET ASAT31 MARCH 2025 2026 2024 Fixed assets Tangible assets 11 3,000.979 3.C12 Current assets Debtors Cash at bank and in hand 12 76.088 1.382.715 66.564 1.096.747 1,458,B03 1,163.311 Creditors= amounts fallin9 due within one year 13 122.4711 110.0471 Net Gurrent assets 1,436.332 1,-,53.£64 Totsl assets les$ current liabilitios 4,437,311 The funds ofthe chartty Unrestricted fiJnd$ 14 4,437.311 4,437.311 The financial staternents were approv8d by trustees on 23 January 2026 MrA n Thakur Ichairrnanl MrB ukund Joshi ffre8sureTI
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting politiÈ$ Charity information The Hindu Temple Trust is an Unincorporated Charity whose registered address is 22 King St-eel. ScJthal. Middle52x. UB2 4DA. 1.1 Accountlng ¢on¥erktion The financial statements have been prepared in accordance wrth the Charrties Act 2011. F?S 10- Financial Reportirvj Standard applicable in the UK and Republic of Ireland" I'FRS 1021 and the CFiariiifrs SORP 'Accounling and Rèporting by Charities.. Statement of Recommended Practice applicable lo cP.¥riliè4 preparing their acceunls in acwrdance with the Fin3nryal Reporbng Stsndard 8ppli¢able Ip the Llx a.Id Republic of Ireland IFRS 1021" (effective 1 January 20191. The Charty 1$ a Public Benèfrt Entity as defi-$d ?' FRS 102. The Charity has taken advantage of the provrslens in the SORP for charitie5 not to prepafft a Slatenieni Ca¥h Flow5. The finanryal slat?ments have departed from the Charili&s (Accounts and Reportsl RUlatI)n$ 2008 =nly I the extent required to provKle a true and fair view. This departure has involved following the Statem nt cf Recommended Practice for charities applying FRS 102 rather than the vetsion of the Statement Recommended Pradice which is r&ferred to in the Regulation5 but which has since been withdrtwn. Th& finanGial 5tstements are prepared in sterfing. which is the functional currency ef the Chaity. Mcneir.' amounts in these financial staternents are rounded to the nearest£. The finanGial statements have been prepared under the historfcal ¢ost wnvents"on. The printypal acc( unii?g policie$ adopted are set out below. 1.2 Going corbcèm At the time of approving th& the finanrial $latemènts, the Trustees hav& a re3sonable exp8V.ation tkiat ',. Charity has adequate resources to continue in operational existence for the foreseeable fularè. Th.s In- trustees continue to adopt th& going confjern basis of accounting in preparing the financial $18tements. 1.3 Charitable funds Unrestricted funds are av8iL8ble for use at th? discretion of the tNstees in fvrtherance of their ch-.ritab objedives. Restricted funds are subjeGt to specrfic conditions by donors or grantors a5 to how they rnay be usey. Tye purposes and uses of the restricted funds are Sel out in the notes lo Ihe finanGial statements. Endowment fvnds are subject to $perific conditions by donors that the capital rnu5t be mair.tained )y In& charity. 1A Irbcome Income is recognised when the charty is kgally entit to it after any perfomance conditions have bsÈri mgt. the amounts can be measured reliabty. and it is probable that income will be received. Cash donations are recognIs on receipt Other donats.ons are recoynised Once the charEty has been liolrflt of the donation, unle55 perforniance conditions require deferral of the amount. Income tax rocover&Dle i., relation to donatons reeived under GrftAid or deeds of covenant is recognised at the lime of the donal=n Le98cies are CogniSed on Teceipt or olhetWi5e if the charty has b88n nOtifd of an impendirg distriyJtrcr. the amount is known, and receipt is expected. If the amount B not known. the legscy is Ireat*c as a contingent assel. 10-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies ICont,Juec I 1.5 Expenditure Expenditure is recogni88d once there is a legal or con$tru¢tive obligation to transfer econtrtni- bene"; third party. il is probabl& that a transfer of economic benefits Mll be required in settlerrent, and ."he arn.:, the obligation rn be metsured reliably. Expenditurè is classified by activity. The costs of each acowty are made up of the total of dirt CoLs ahil shared costs. including 8UPPOrt costs involved in undertaking each activity. Dirèct costs attributaDlè to a bintslt activity are allocated directly to that athwty. Shared costs which contribute to more th8n onA activif. support costs which are not attributsble lo a single activity are apportioned between those activities on consistent with the use of reSours. Central staff costs are allocated on the basis of tirre sper-. and depreaa"on charges are allocated on tha porbon of the asset's use_ 1.8 Tangible fixed 45sets TangiblÈ fixed assets are InallY measured at COSt and subsequendy Measur at cost or valuation. i&t Cr depreoation and any impairrnent losses. Depr8ciation is recognised so as to writ? off the cost or Vation of assats le$$ their residual values ovp- th¥i- useful livès on the following bases.. Land Freehold buildings Fthure and fitting$ Jewellery Hindu idels and deities No depreclation 10A straight line 1% straight line No depreciation 1PA straight lin& The gain or loss arising on the dlsposal of an asset is deterniinad as the difference bettvèen the sal& pCeedS and the carrying value of the asset, and is recognised in the statement of ffinancial activitie5. 1.7 Impainnent of fixed assets each reporbng end dat&. the tharity reviews the carying amounts of its tangible assets to detlkrmin whether there Is any indication that those assÈts have suffered an irnpaiFment Ioss. If any sJch Indat10r exists. the recoverable amount of the asset 18 estimated in order to delernine Ihe extent of ltre imp8 -tnery" loss Irf any). 1.8 Cash and ush equlvalents Cash and cash squivalents indude cash in hand, deposits held at call with banks, other short-lerm Iiq., investments wrth origin21 maluryties of three Months or less, and bank everdrafts. Bank Dverdrsfls aTe oiovir within borrowings in current liabilities. 1.9 Financial instruments The charity has eleded to apply the provisions of Section 11 'Ba8ic Financial Instruments. ard Secl=n 1" 'Other Financial Instnjrnents Issues. of FRS 102 to all of its ffinanal instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty '.0 -,hf contractual provisions of Ihe instrument FinanGial assets and liabilities are offt, 1 Ihe nel amounts presented In the financial slatemenls. .Nhe ther8 is a legally enforctable right to set off the recognised amounts and there is an intention to settle on 2 rne. b8sis or to realMe the asset and settle the liabilty sirnultaneousty.
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies ICont4ntstrc.I Basic fin?ncialassets Basic financial assets. whith include debtors and cash and bank balanc&s. are ini11811y measL Xc transaction pri including Iran5action cost5 and are subsequenuy carried at amortised cost usirg the e-¢Cliv- interest m&lhod unless the arrangement constitutes a finanong transaction, where th& '.ransaci., measured al the present value of the futurÈ receipts discounted at a market rate of interest. Fiiancial aSSEI- classrfied as CeIable within one year are not amortised. Basic fitrjancial liabilities Basic financial liabilitie5. induding Greditors and bank Joans are initially recognised at Iransa¢tioii price unles$ the arrangement con$lilutes a finann9 transaGtion, where the debt instrument is measured $1 the p-eser.I value of the futurÈ payments discounted at a market rate tsf interest. FinanGial li8bilitie5 classifi<d as paiol1. within one year are not arnorts5ed. Debt instwm&nts are subsequènfjy carried at arnorbsed cost. using tt)e effective interest rate meihod. Trade ciedilors are obEaan$ to pay for goods or services that have been aGquired 51 the ordiyary ¢a...-se ol operations from suppliers. Amounts payable are classified as current liabile$ rf payment is ce witkiin y?ar or less. If not. they are presented as non-current liabilities. Trade creditors are recognised init ally at transaclion price and subsequently measured at amortised cost using the effective iTrlÈrest meth?d. Derecognitson of flnan¢ialliabilltles Financial liabilities are derecognised when the tharitys contraGtual oblvJation$ expire or are dischaf Jec Cancelled. 1.10 Employee benefrt5 The Cost of any unused holiday entiuement is Cognised in the period in which the employee.) sarvicos 8r- received. Termin81ion beneffts are recogni5ed immediatety as 8n expense when the Gharity is dèmonstsbly corr •itteL. lo terniinate tre employment of an ernployee or lo provide termination benefrts. ritical accounting estimates and ludgerner In the appli¢ation of the Charity's accounting policyds, the the trusl*s are required to make iudgeveryit e$timales and assumptions about the carying amount of assets and liabilities that are not readily 2F=are- from oth&r sources. The e$tirnates and assoGiated assumptions are based on historical experience anEk olr%e" factor8 that are considered to be relevanL Actual results tnay dffier from these estimates. The estimates and underfying assurnptiens ate reviewed on an ongoing basis. Revisions ".0 acc¢Jnti eslirnates are recognised in thÈ period in whith the estimate is rewsed where the revision afFocts orli tha.. period. er in the period of th& revision and future periods wherè the re¥A8ion affects ooth currEnl and 'JIry.. periods. Income from donations and leyacies Unrestritted funds 2025 Unrest-, ictec f.Jnd: 202¢ Donations and grfts 481.317 12-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Income from dtsnations and lega¢ie5 IContinue*l Unrestricted funds 2025 Unre5LrÈcte,J funds 202 Donations and gifts Donations Gift aid reliefs 408,729 72,588 481,317 Income from investrnents Unrestricted Unres funds 202$ furtds 2024 Renlal income Inlere¥l receivable 60.001 35.626 i4.9.J) 95,627 13-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitsble activities Charttable Cha.,,tabl Expenditure ExpeEiditL'r 202$ 2C24 Functional expenses Water rates and counol tsxe5 Cleaning expenses Insurance Light and heBt Repairs and maintenance Printing and stationary Festival aCtitieS General expenses 39.168 10.258 39.186 12.085 34.518 28.917 2.624 33.845 18.682 25.29,. 3,88.? 219,281 Share of sUPPOrt and governance costs15ee note 61 Suppart Governance 77,763 8,400 77,424 8.00) 305,444 2a< 45J Analysis by fund Unrestricted funds 305,444 Support costs Support Governance costs costs 2025 Support Govemance costs costs 20Z Staff Costs Depreciation Telephone and internet Bank charges 42,764 29,068 2.494 3,437 42,764 29,068 2,494 3,437 42.722 28.893 2,536 3,273 2.53 Auditfees Legal and professional 3,600 4,800 3,600 4,800 3,600 4400 Analysed bekneen Charitsble acte¥ 77.763 8,400 86.163 77.424 8,000 Govemance costs Indudes payments to the auditors of £3,60012024.. £3,600) for audit fees. 14-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Net movement in funds 202S 2C24 The net movement in funds is slated aftèr chargingllcrodthngl". Fees payable for the audit of the charity's financrdl $tatements Depreciation of ownad tangible fixed assèts 3.600 29 068 28 RC3 Trustsas None of the tNstee8 lor any persons connert with them) received any r&muneration or benefits fr-m Th• charity during the y?ar. Employee$ The average monthty nurnber of employee¥ during the yearwas.. 2025 NurThber 2024 Number Employment costs 2025 2024 Wages and salaries 42.764 There were no employees whose annual remuneration wa5 rnore Ihan £60.000. Remuneration of key management persortn¢l 10 Taxalion The charity 18 exempt from taxation en its actNthe$ becausè all its income is applied for charitsble purpcses 15-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Tangible fixed assets L¥ndiDd J&MIIHry Fixt4Wos and fitt4ng Hindu idots and doities Cost At 1 April 2024 Additions 3.388.453 17.500 8,000 223,759 94.743 3.714 9E- 17 ¢0) At 31 March 2025 3,405,953 8,000 223,759 94,743 3.732.45? Depreciatitsn and Impalyment Al 1 April 2024 Depreation charged in the year 551.644 25.883 59,932 2,238 90.832 947 702,4.- Al 31 March 2025 577,527 62.170 91.779 731 47? Carrying amount At 31 March 2025 2,828,426 8,000 161.589 2,964 3.COO.279 At 31 March 2024 2.83S.809 8,000 163,827 3.911 3.C i2.S&7 Al ofthe above assets are used for d)adtable purposes. 12 Debtors 2025 2024 Amounts falling due wllhin one year.. Accwed income Other d&btor8 7.500 68.588 62 564 76.088 D6.:84 13 Creditors.. amounts fallin9 due within one year 2025 2024 Othertaxation and soc[81 sewrity Other creditors Accwals and deferred income 142 15.729 6.600 3.367 22.471 ',O.,i4 Y 16-
THE HINDU TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 14 urenCld funds The unreslricted fvnds of the ¢harty comprise the unexpended balances of donations and grants whicF ar nDt subje¢ttO 5pe¢ific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unretstricted fvnds by th& trustees for specifi- At 1 April 2024 Incoming resources Resources At 31 Marc* èxpended 2025 Gen8ral funds 4.165.811 576,944 1305.4441 Previous year.. At 1 April 2023 Incoming ources Resources At 31 Marc.I expended 2024 General funds 3,960,341 500.923 1295,4531 4.Y65 811 15 Related p4rty transadions There were no disdosable related party transactions during the year Q024- none).