Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO THE VEDIC SOCIETY OF SOUTHAMvfoN REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Charity Number: 263969
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO THE VEDIC SOCIETY OF SOI]THAMFfoN FINANcIALsTATEN[s FOR THE YEAR ENDED 31 OCTOBER 2025 Contents Pag Reference and Administrative Infonnation Report of the Trustees Independent Examiner's Reprt io Stat¢m¢nt of Financial Activities Balanrx Sheet 12 Notes to the Financial Siatements 13-23 THE FOLLOWING PAGES ARE FORMANAGEMENT PURPOSES ONLY Unrestricted Funds . Income 24 Unrestrlcted Funds . Expenditure 25 Restricted Futmts 26
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO Page I FOR THE YEAR ENDED 31 ooBER 202S The Vaic lety ofsouthamp CHARrrY REGISTRATION NUMBEIL. 263969 PRThcAL 0FcE. 79-195 Radcliffe Road Northam S014 OPS HOLDJNG TRUSTEFS: Avin&8 Patel Sanjay Davda jdiP Patel PTavin Patel rDave (Chairpetson) CHATy TrUSTELS (ExKu¢iv¢ Commlttee): Office B Sanjay Chandarana (Pr¢sidenl) (Vice Presidenl) Nikhyts Patel (Secretary) Sarika Chandarana (Assistant Secretsry) Riva Kaimal (Treasurer) (Restgned 05.11.25) Jayanthini Mahadevan (Assistant Tre&surer) (Resigned 06.08.25) nllnittee Mem Shraddha Bhatt Vikram Bohra Steven Chadda Shefali Joshi Manoj Panchmatia Jalpan Patel Vijay Patel Mansukh Pipa]ia Hansa Sonchhatla Amit TiwaTi Sri Vidhya Senior (R¢signed 27.06.25) Raj Kumar Chadd& (Co.Opted) SECRETARY: Nikhyta Patel TSB Bank PIC Barclays Bank PIC NatWe* Bank PIC Abraham & Dobell 230 Shirley Road Sothpton S015 3HR
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO Page 2 THE VEDIC SOCIETYOF sOlHAMPTON REPORT OFTHETRUSTELS FOR THE YEAR ENDED 31 ocfoBER2025 The tteeS are ple&sed to present their annual rew)rt and audited financial statements for the year ended 31 October 2025. The financial statements comply with the Charities Act 2011. the Charity Trust Deed and Arxounting and R¢w)rting by Charities: Statement of Reconllnended Practice applicable to charities preparing their financial statements in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ir¢land (FRS I02). STRucfuRE. GOVERIYAIYCE AND MANAGEMENr Governing Document The charity was registerol on 6 October 1972. The charity adopted its constitution on 31 Aiigust 1972 and this was amended on 29 Novemiw 1980. and subsequently on 25 March 2007. Recruitment and Appolnlment of Truste¢s The Charity bas two categories oftrustees. -Holding Trustees- numb¢ring five shall hold the property of the Charity. Holding Tntstees are elected by memlrrs in general meeting and shall hold office for up to five years. The other type of trustees is Cl)arity TCeS (also known as the Executive Committee) wbo ate responsible ft)r the management and administration of the Charity and its prop¢rty. Charity Trustees are elected annually and sball hold office until the following am)ual general meeting. Holding Trustees The following Holding TnL%tees will each bold office for fiv¢ years. Avinas Patel Sanjay Davda Jaldip Patel Pravin Patel Dav¢ One Holding trwstee 11 reiire by rotstion and 8n election will be held at a future AG to appoint a new Holding tnLStee.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 3 THE VEDIC SOCIETY OF SOUTHAMFroN REPORT OF THE TRUSTEFS (CONfINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 STRucfuRE, GOVERNANCE AND MANAGEMENT (CONfiNUED) Charity Tru8tefJ (also known Y4s Exe¢utive Commi¢l¢e M¢mber8) Th¢ following were appointed Charity Trustees (also known as Executive Conunitte¢ Members) at the AGM held in March 2024 and all r¢$igned at the AGM held in March 2025 in accordance with the Society's ¢onstitution: ffice Bearers Sanjay Chandar8na Sanjay Davda Meten Lakhani Sarika Chandarana Riva Kaimal Jayanthini Mahadevan (President) (Vice President) (Secretary) (Assistsnt Secretary) (Treasurer) (Assistant Treasurer) Shraddha Bhatt Steven Chadda Manoj Punchmatia Reena Patel Mansukh Pipalia Jalpan Patel Aadheer Warriar Nikhyts Patel (Co-opted) Vijay Patel (Co-opted) Raj Kumar Chadda (Co-opted) Bharat Patel (Co-opted) The following were elected Charity Tn (also known as Executive Committee Members) at the AQM held in March 2025: Office Bearers Sanjay Chandarana {President) (Vice Pr¢sident) (Secretary) (Assistant Secretary) (Treasurer) (Resigned 05.11.25) (Assistant Treasurer) (Resigned 06.08.25) Nikhyta Patel Sarika Chandarana Riva Kaimai Jayanthini Mahadevan ommittee Me Shraddha Bhatt Viklwn Bohra Steven Chadda Shefali Joshi Mansukh Pipalia Jalpan Patel Vijay Patel Manoj Punclllnatia (Resigned 27.06.25) Hanso Sonchhatla Amit Tiwari Sri Vidhya Senior Aadheer WaLTiar Raj Kumar Chadda (Co-opted) In a¢cordatLce with the Socicty's Constitutio all the Charity Trustees resign at the forthcoming AGM in March 2026.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 4 THE VEDIC SOCIETY OF soufHAMmN REPORT OF THE TRUSTEES {cO[NuED) FOR THE YEAR ENDED 31 OCTOBER 2025 STRUCTURE, GOVERNANCE AND MANAGEMENr (coiYrINUED) Trnstee Induetlon and Trninittg Trustees are familiar with the work of the charity, having new trustees meet with the Chairperson of the trustee4 who provides a briefing on the society to include: the obligations of b)ard members" the main documents which set out the operational framework for th¢ society, including the constitution" the financial position of the organisation. including the last set of audited financial statements and funding status" and future plans and objectives. Risk Management The trustees have examined the major operational risks which the chaTity faces and confimi that systems have been established to enable reports to be produced so that the necessary steps can be taken to lessen these risks. Organisational Strneture The Charlty Trusfres, comprising 18 members, including a secretary, who meet at least 6 times a year, are responsible for the management and administration of the society. The property of the charity is held by the Holding Trnstees who are also responsible for the strat¢gic direction and policy of the society. OBJEcfivLS AND ACTIVITIES The ain and objectives of the charity are: Conduct the Centre for the advancement of the Hindu religion. knpart and promote the study of Vedic teachings and philosophies. Prornote the study of comparative religions and philosophies in their widest fonn. Study the lives ond teachings of the great teachers and Sa8 of India and of the Hindu religion. Provide facilities for religious and cultural functions. Arrang¢ leetures and discussions on Hindu religion. Provide a meeting place for Hindus of all schools and opinions and for oth¢rs interested in the Hindu religion. Raise funds and invite and receive contributions from any person or persons whatsoever by way of subscription, donation and otherwise, provided that the society shall not undertake any pernwient trading activities in raising funds for its object. Encourage community service forho the Hindu community to further the objects of the society. Do all such other things as shall further the advancement of the Hindu religion.
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO Page 5 REPOlff OFTHETRusfEES 31 ocfoBER 2025 Publie Benefit Statement Our main activities and we ty to help are described above. All of our activities are undertaken to further our charitable purSeS for the publi¢ benefiL In shaping our objectives and planning our activities, the ttwtees have nsidered the Charity Con)mission's guidance on public benefit including the guidance 'Public Benefit: Running a Charity (PB2)'. Report of the President of the Cbarity Trustees Dear Brothers and Sisters, Jai Shri Krisl)na! It gives me inllnense honour to present the Athievements and Perforn)ance report for the year 2024-2025. This has been a year of remathle progrw growdL and renewed community spirit at our Vedic Society Hindu Temple. Together with the support of our tnLStee4 volunteers, devotee4 local parther4 and the wider Southarnpton conununity we have strength¢ned our religious. cultura], social, and educational contributions in a meaningful way. Stren Health and Well-Bein This year, we significantly expanded our collaboration with the NHS. community health teams, and local authorities to support physica] and mental well-king within our community. Key initiativ¢s included: Cancer Adre Event delivered in parthship with NHS he81th specialists. "Your Health Matters- Health Camp, offering free health checks, lifestyle advie< and on.the-SP)t medical guidance. Diversty & Learning Difficulty Awaren¢ss Event in lIabOratIon with Southampton City Council promoting Inclusio acce&8ibility, and supw)rt for families livin8 with additional These initiatives reflect our commitDKnt to seva serving society Iyond our temple walls. Cultural Reli lo8 and Communi Enricbment The pasi year witnessed several landmark events and new inilialives: Hosted the first ever Prc-Karva Chauth celebratio which brought together women and families in a joyous and traditional gathering. Launched Vedic Sakbi sanga[ a dedi¢at¢d women's cultural and spiritual support forum. Successfully reviva the v1¢ Youth GTOUP. encouraging younger members to reconnect with temple life through sev4 learnin& and cultural participation. Conducted a special December 2024 talk by Keshav Swdmi Maharaj, which attracted devotees from the wider region. Organised a vibrant Kishore Kunw Night in June 2025.. launched Beginner's Gita clas helping Merni of all ages explore the foundational teachings of the Bhagavad Git&
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Pydge 6 THE VEDIC SOCIETY OF SOUnlAMIryON REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEARENDED 31 ocfoBER 2025 ACHIEVEMEwfs AIYD PERFORMANCE (CONTINUED) Report of the President of the Charity Trnstees (CoDtinu¢d) Infrastructure Sustainabili ernisati A major focus this year was improving temple operations. safety. accessibility, and susta]bilIty. Successful installation of solar panels, reducing long-terni energy costs and supporting our environmentsl responsibility. Car park lights completely renewel enhancing security and safety for evening vxsitors. Appointhient of two templ¢ Caretake ensuring cleanliness, smooth daily operations. and improved support for devotees. Extended opening hours, increasing accessibility for worship and community use. Created a new temple website along with a dedicated Android mobile app, improving communication and ease of access to events. aarti timings, and inforn]ation. itaI Transf0MtIOn & Governance Im rovements To strengthen administration and transparency, the committee implemented k¢y technological upgrades: Increased adoption of digitsl and electronic payment options, greatly improving convenience for devot¢es. Implemented free Microsoft service& including Outlook and Microsoft T¢ams, to support stwctured gov¢rnan¢e, communication, and documentation. tntegrated the use of AI tools to enhance administrative efficiency, record-keeping accuracy. risk managemenL and operational planning moving our temple firnY into the future of good governance. The progr3 made this year r¢flects the collective dedication of our trLLStees. volunteers, priesL donor4 and well-wishers. l extend my heartfelt thanks to each of you for your unwavering suppo devotion. and sev& With your blessings, we will Continue to build a stronger. more inclusive. and spiritually uplifting Vedic Society for firture generations. Yours sineerety, SaDj¥4y Ch#ndaraDa Presiden4 The Vedic Soeiety of Southampton. Hindu Temple Report of the ChAirniaD of the HoldiDg Trust Jai Shre¢ Krishna Overthe past year, we have continued to deliver meaningful services and celebrations for our Society members, for whom our religious, cultural. and Hindu f¢stivities play an essential role In community life. l am pleas¢d to report that our activities in 2025 have yielded strong results, reflected in an increased number of events, higher attendance across all major festivals. and a rise in school visits from across Southern England.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 7 THE VEDIC SOCIETY OF soufHAMproN REPORT OF THE TRUSTEES (CONTINUED) FOR THE ITAR EIYDED 31 ocfoBER2025 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Report of tbe Chairnian of the Holding Trustses (Continu¢d) Our conmiilm¢nt to prescrving and promoting our cultural heritage remains at the heart of everything we do. Throughout the year, we have encouraged all members to remain actively connected with the slety, and this has been madc possible by our hardworking, focused, and united Management Trustees. I extend my sincere thanks to our OtYic¢ B¢arers for th¢ir d¢dication and to our priesL Ritesh Bhai Bhatt, who is now in his 14th year of service. Under his religious leadership• we continue to s¢e groviing engag¢m¢nt and attendanc¢ from our ¢ommunity. I would also like to express heartfelt appreciation to the Football Parkin8 Team and to every volunteer who g¢nerously gives th¢ir tim¢ in all weather conditions. Their efforts have created vital revenue streams that support our ¢haritsble work To our members, donor4 well-wishers, and visitors-you are th¢ lifeblood of this Society and ess¢ntial to our mission. Our fllian¢ia] goal remains clear: to Continue generating sustainable revenue growth while ¢xerci$in8 pTrent financial stewardship. We made significant progress ID 2025, and we are confident that the Vedic Society will continue to deliver lon8-term value to our members and to the wider ¢ommunity of Southampton. I am also pleased to report that in August 2025 the committee and tnleeS initiated a f1b]lity study to Upde our shrines, which has now evolved into a major *mpl¢ storatIon and extension project. This initiative aims to establish the Vedic Soci¢ty site as a unique Southampton heritage monumenL an attraction for Hindus and visitors from across Great Britain. We look forWd to presenting this proposal for approval at the upcoming Annual G¢neral Meeting {AGM). I humbly ttquest all members to attend the AGM and continue supportin8 our aims and motto for the b¢n¢fit of fvture generations. Avin#J PAtel Chairman of Holding Tnte¢S FINANCIAL REVIEW The 31 October 2025 year was financially anoth¢r successful year for the charity. The charity recorded a surplus of £21.333 before a loss on the dispos of red assets of £(27,165). This is compared with a surplus of £34,319 in the previous year. Total incom¢ increased in the year to 31 October 2025 10 £203,697 compared to £178.968 in the previous year. Expenditure also incre&8ed in the year to 31 October 2025 to £182,364. compared to £144,649 in the previo year. Totsl funds now stand at £799,086 (2024 - £804,918) with free reserves standing at £430,701 {2024- £356,110).
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 8 THE VEDIC SOCIETY OF SOUTHAoN REPORT OFTHE TRUSTEKS (CONTINUED) FOR THE YEARENDED 31 ooBER 2025 FINANCIAL REVIEW (cowfINUED) Prinefipal Funding Sources The principal fimding sources for the charity ar¢ curr¢ntly by way of donations and fUndsing. IDveslment Policy Aside from retaining a prudent amount in reserves each year, rnost of the chaTity'S fimds are to be spent in th¢ short terni. so th¢ are few fimds for long tern] investmenL Reserv Policy and Going Concern It is the poli of the charity to maintsin unr¢stricted funds, which are free reserves of the charity, at a level which equates to approximately six months, unrestricted expenditure. This provides suffici¢nt funds to cover management, administration and support costs. Unrestricted funds are maintained at this level throughout the year. The trustees are of a view that the charity is a going concern. PLANS FOR FUTURE PERIODS Looking ahead, the Vedic Society is preparing to embark on the most significant and transforniative d¢velopment PTogr8mm¢ in th¢ history of our Temple. This ambitious multi-year Project will reshape botb the interior and exterior of the Temple site with the vision of establxshing a landmark Hindu temple for the entire South Coast region. The proposed redevelopment aims to: Redeslgn and modernise the tsmple Interior, creating a spiritually upliftin& accessible. and functional space for worship, learnin& and community gatherin8S. Reimagine the exterior structure to reflect traditional Hindu temple architecture while enhancing safety, aesthetic& and long-tenn sustsinability. Elevate tbe Temple into a regional cultural Ydnd splritsal eentre, attrting devotr¢s, visitors, students, and interfaith 8roups from across Hampshire and beyond. Preserve and honour the heritage of the Vedic Society. while building faciliti¢s that m¢ the needs of futur¢ g¢n¢rations of Hindus in th¢ UK. This project rwresents a on¢e-in-a-lifetime opportunlty for every member to take part through financial suppor¢ voluntary service, professional expertise, and Community engagement. It is a collective undertaking that reflects our unity, devotio and shared responsibility for safeguarding the future identity of our Temple. The Tetnple improvement programme is expected to take three to five years from planning through completion. During this period, the trustees will adopt a phased and financially responsible approach, ensuring minimal disruption to daily worship and community activities. Further details in¢luding architectural concepts. limelines, community consultation plans, and fimding strategies will be fornlIy presented at the Annual G¢nerYdl Meeting (AGM) in Mareb 2026, where members will have the opportimity to revi¢w. ask questions, and provide input into the future direction of the project. The trustees remain comnlltted to transparency, eareful stewardship. and the long.t¢rn) prosperity of the Vedic SIety. With the continued blessings, unity. and support of our members, this transformational project will define the next chapter of our Temple's journey and leave a lasting legacy for generations to come.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 9 THE VEDIC SOCIETY OF soufHAMkryON REPORT OF THE TRUSTEES (coNriNUED) FOR THE YEARENDED 31 ooBER 2025 RESPONSIBILITIES OF THE TRUSTEES IN RESPECT OF THE FINANCIAL STATEMENTS The trustees are responsibl¢ for preparing the annual Report of the Trustees and financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unit¢d Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the tte¢s to prepare financial statements for each financial year, which give a tnie and fair view of the stste of th¢ affairs of the charity and of its incoming resources and applicv4lion of resour¢¢s of the charity for that period. In preparing these financial ststements the trustees are required to: select suitable accounting p)licies and apply th¢m consist¢ntly• observe the methods and procedures in the Charities SORP (FRS 102): make judgements and estimates that are reasonable and prudent. state whether applicable accounting stsndards have been followed, subject to any departwes disclos¢d and explain¢d in the financial slatements. and prepare the financial statements on a golng concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for maintaining proper aOuntIng rordS which disclose, with reasonable accuracy at any time. the financiaI position of the charity and to enable them to ensure that the financial statements comply with Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also r¢sponsible for safeguarding the Sets of the charity and. hence. for tsking reasonable steps for the prevention and detection of fraud and other irregularities. The trust¢¢s ar¢ responsible for the maintenance and integrity of the charity and financial inforniation included on the charity's website. in accordanc¢ with legislation in the United Kingdom governing the preparation and dissemination of financi statements. INDEPENDENT EXAMINER Abraham & Dobell have expressed their willingness to continue in the capacity of Independent Examiner. Apprnved by the trustees on 3 Mareb 2026 and ¥igned on Iheir behalf by: 8*Mdtsy.' SANJAY CHAIYDARANA PRESIDEwr AVINAS PATEL CHAIRPERSON
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO P•ge 10 INDEPENDENT EXAMINER'S REPORT TO THE TRU OF FOR THE YEAR ENDED 31 ooBER2025 I report to the charity trUee8 on my examinthon of the accounts of The v1¢ Society of SoUtlwnpto (the Tntst) for the year ended 31 Octolxr 2025. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees you are resp)nsible for th¢ prepAration of accounts in accordance with the requirements of the Charities Act 20I I ('the Ad.). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the ACL INDEPENDENf EXAMINER'S STATEMENT I have ¢ornpleted my examination. I confirni that no material matters have corne to my attention in connection with tbe examination giving me cause to believe that in any material respe¢t: accountin8 records were not kept in respect of the charity &8 required by section 130 of the Act. or the accounts do not a¢¢ord with th08¢ records: or the accounts do not comply with the applicable requirements concerning the form and wnt¢nt of accounts set out in the Charities (Accounts and Rep)rts) Regulations 2008 other than ony requirement that the accounts give a 'true and fair view which is not a mattcr considered as part of an indeKIent examination. I have no concerns and have Come across no other matters in connection with the ¢xamin8tion to which attention should be dra1 in this r¢port in ord¢r to enable a proper understanding of the accounts to be reached. DCYEF8EBA0449F DAVID J MANf FCA INSTITUTE OF CHARTERED ACcOAN[s IN ENGLAND & WALFS 230 Shirley Road Soutbampton S015 3HR 3 Mar¢h 2026
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO Page 11 STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 ocfoBER 2025 2025 Unre8tri¢ted Reytrkted Totsl FuDd8 Fun Funds 2024 Total Funds Note ll¥4COME Donations and legacies Other trading activities Investment income 134,587 62.620 6.490 134.587 110,031 62.620 64,509 6.490 4.428 TOTAL INCOME 203,697 203,697 I78.968 EXPENDITURE Cl)aritable activities 182.364 182,364 144,649 TOTAL EXPENDITURE 182,364 182.364 144,649 NET INCOME 21J33 21,333 34,319 Transfers b¢tw¢¢n funds 3,517 (3,517) OTHER RECOGNISED GAINSI(LOSSES) Realised losses on disposal of fixed &8sets (27.165) (27,165) NET MOVEMENT IN FUNDS FOR THE YEAR (2J15) (3.517) (5,832) 34.319 RECOIYCILIATION OF FUNDS Totsl funds broughi forward 801.401 3,517 804,918 767.082 Total fund5 cartied forward £799,086 £0 £799.086 £804,918 Tb¢ Statement of Financi21 Activities includes all gains And losses ID tbe year. All in¢ome and expendthire derives from eoDtiouing a¢tivitses.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 12 THE VEDIC SOCIETYOF SOUTHAMIryON BAknINCE SHEET AS AT31 OCTOBER2025 2024 Not&8 FIXED ASSETS Tangible fixed assets 368J85 445291 TOTAL FIXED ASSETS 368.385 445291 CURRENry AssErs Debtors Cash at bank and in hand 10 11 30.829 410,426 20.051 348,772 TOTAL CURREKf ASSETS 441,255 368,823 Creditors: Amounts falling due within one year 12 10.554 9,196 430.701 359,627 TOTAL AssEfs LESS CURRENT LIABILTfIESINET ASSETS 14 £799,086 £804,918 15 Unrestilct income fimds Revaluation reserve 799,086 735,151 66,250 Total unrestricted fimds 799,086 801,401 3,517 £799,086 £804,918 The notes on pages 13 to 23 fonn part of these financial statements. Approved by the trujtees on 3 Marcb 2026 and signed on thelr behalf by: S*n•dtsy.' SANJAY CHAIYDARANA PRESIDENT AVINAS PATEL
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO Page 13 NOTFS TO THE FINANCIAL STATEMENTS FOR THE YEAR EIWED 31 ooBER 2025 ACCOIINTINC POLICIFS The principal &LX)unting p)licies thpte4 judgements and key sources of eimation uncertainty in the preparation of the financial stateMts ale &8 follows: (a) BLI of Preparntio The financial statements have been prepared under the historical cost convention as modified by revaluation of &ets where appropTiate. with iterns recognised at cost or fair value. The financial stat¢m¢nts hav¢ been ppared in accordanrK Accounting and Reporting by Charities: Statement of Recommended Prxtice applicable to charities preparing their financial statements in ac¢ordancc with th¢ Financial Reporting Standard applicable in the UK and Rcpublic of Ireland (FRS 102) - {Charities SORP (FRS 102)) and th¢ Fin1 Rwting Stsndard applicable in the UK and Republic of Ireland (FRS 102). The cljarity constitutes a public benefit entity as defined by FRS 102. The financial ststements are preparol in sterling, which is the functional currency of the charity. Monetary amounts are rounded to the nearest L O)) Income All inconK is included inthe Statement ofFinancial Activities %then the charity is ¢ntitl¢d to the income and the amount can be quantified with reasonable accuracy. The following specific lIcIeS are applied to p8rticular categories of income: Donalions and legacies are received by way of donations and gifts and are included in fidl in the Statement of Financial Activities when receivable. Donated services and facilities are included at the value ts the charity where this Can be quantified. The value of services provided by volunteers IS not been included in these financial slalements. Investment income is accounted for in the period in which the charity is ¢ntitled to receipL Income from other trading activities is )unted for when urn¢d.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 14 THE VEDIC SOCIETY OF SOI]THAMIYON NOTES TO THE FINANCIAL ATEmENTs (CONTINUED) FOR THE YEARENDED 31 OCfOBER2025 ACCOUNfiNG POLICIES (CONTINUED) (c) Expenditure Expenditure is recognised on an aCenlS b&sis a8 a liability is incurred. Expenditure includes VAT as the charity is not VAT registered and is reported &5 part ofthe exdituTe to Nrf)ich it relates. Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaTies. This includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those functions that assist the work of the charity but do not dir¢ctly undertake the charitable activities. These costs have been allocated between the expenditure categories of the Statement of Financial Activities on a basis desi1 to reflect the use of the resource and are apportioned on an appropriate basis. eg floor areas. per capits or estimated usage. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic nwement of the charity. (d) Tangible Fixed A%8ets Tangible fixed assets are stated at cost less accumulated depreciation and any accumulated impaitment issues. The costs of minor additions or tIM)se costing below £1,000 are not capitalised. (e) Depreciation BuildAng improvements are depreciated over three yea Freehold18nd 8nd building4 Community Hall and Krishna statue and shrine ornaments are notdepreciated &s they are deemed to have an indefinite expthd useful life. Krishnastalue and shrine omaments are included at fair value (fj Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page IS THE VEDIC socIErY OF soufHAMYfoN NOTES TO THE FINANCIAL StATEMENTS (CONtllYUED) FOR THE YEARENDED 31 ocfoBER 2025 ACCOUThNG POLICIES (CONfiNUED) (g) Cash At BAnk And In Hand Cash at bank and in hand includes cash and short terni highly liquid invesiments with a short maturity of thr¢¢ months or less from the date of acquisition or opeDing of the deposit or similar account. (h) Crediton and Provlslons Creditors and provisions are r¢¢ognis¢d where the charity has a present obligation resulting from a past event that will probably result in the transfer of fiuids to a third party and the amount due to settl¢ the obligation can be measurcd or estimated reliably. Creditors and provisions are nornllY recognised at their settlement amount aft¢r allowing for any trade discounts due. (i) Taxation The charity is exempt from Corporation Tax on its ¢haritabl¢ activities. li) Fund A¢¢ouDtiDg Unre$tri¢ted funds consist of the general purposes fund and designated fimds. Designated funds are funds established by the trustees from time to time for 8cifI¢ projects or purposes. are nol in any way restricted and any surplus or deficit will be transferred to/from the general purposes fund when the designated fund is closed. Restricted Funds are funds subject to specific restrictions imposed by donors or by th¢ purpose of the appeal. The purpose and use of designated and restricted fjjnds is 3¢t out in the notes to the financial ststements. (k) Finaneial In$trnments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instnunents are itiitially recognised at transaction value and subsequently me&8ured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. O) Significant Judgements and Estlmates Preparation of the financial statements may require the trSteeS to make significant judgements and estirnatcs. There are no items in th¢ financial statements where judgements and estimates would have a significant effect on amounts recognised in the financial statements.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 16 THE VEDIC SOCIETY OF SOUTHAMPTON NOTES TO THE FINAIYCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 ooBER2025 DONATIONS AND LEGACIFS 2025 Unrestricted Restrieted Total Fund$ Funds Funds 2024 Totsl Funds Donations: Genernl Gift Aid 116,075 18.512 116,075 102,750 18,512 7281 TotAI DoDatioD8 Received £134.587 £- £134,587 £110,031 In 2024 the donations and legacies received of £110,031 were unrestricted. There weR no donated serrfices and facilities 1Vable could b¢ quantifi in th¢ year (2024 - £DiI). OTHER TRADING ACTIVITIES 2025 Unrejtrleted Restrleted Total Funds Funds Funds 2024 Total FuDd8 Festival events and other activities Car parking Subscriptions Service Occupancy 46290 10,422 808 5.100 46,290 10,422 808 5,100 48,378 10,171 860 5,100 Totsl Oth¢r Trndlng Aetlvltlu Ineome Re¢elved £62.620 £62,620 £64,509 In 2024 the income from other trIng activities of £64,509 was unStriCted.
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO Page 17 {coNTUED) FOR THE YEARENDED 31 ocfoBER2025 2025 Unre¥trieted Restrieted Total Funds FllDds Funds 2024 Total Funds Bank InteSt 6.49) 6,490 4,428 Totsl IDvestm¢DI Ineome £6,4 £6.490 £4.428 In 2024 investmert income of £4,428 unreslricte(I ANALYSIS OF EXPENDfruRE ON RAISING FUNDS AND CHARABLE AcfiviTIES 2025 Total Worship Funds 2024 Total Funds Staff costs Festival events and other &ttvities' expenses 39292 43,506 30.649 30.785 39292 43.506 30,649 30.785 27.324 39,957 29.699 24,339 1,500 17,836 3,994 Repairs and renewals Donations Support costs Governance costs 34,660 3,4T2 34,660 3,472 £182.364 £182J64 £144,649 In 2024 eXditl¢ on charAtable actiVAties of £144.649 was Unrestrict1. ANALYSIS OF SUPPORT AND GOVERNANCE cosrs The charity identifies the costs of its S12PIKIrt functions. It then identifies those costs which relate to the governance functio Having identifieAI its governance costs, the remaining support costs together with the g0ven1c¢ costs are aprtioned betWll the two key activities undertaken (see note 5) in the y¢ar. R¢fer to the table below for the bLsis for apportionment and th¢ aDalysis of support and gov¢rnance costs.
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 18 THE VEDIC SOCIETY OF sOHAmPTON NOTKS TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 ocfoBER 2025 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS (CONTINUED) General Support Governanee Totsl BASIS of Funds Apportionment Advertising and marketing Communications General office Depreciation Independent Ex8min¢r's fees Legal, professional and lie£nce fees 300 547 3,002 30,811 300 547 3.002 30,811 984 2.488 Stsff Time Staff Time Staff Time Usage Governance Governance 984 2,488 £34,660 £3,472 £38,132 ANALYSIS OF STAFF COST& TRusfEE REMUNERATION AND EXPENSES 2025 2024 Priest's salary and cover Employer's Pension Contribution 37,711 1,581 26.829 495 £39292 £27J24 The average number of anploy¢¢s during the year was No employee received emoluments of more than £60,000 duTing the year (2024 - none). No paents were made to trustees by way of remuneration or expen during the yegr (2024- £nil).
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO Page 19 (CONTINUED) 31 ooBER 2025 TANGIBLE FIXED A&SETS Krishna Freehold Statue & Iand & Community Sbrine BulldiDg BuildiDP Hall Ornaments ImprovemeDts Total Cost or Valuation At l November 2024 Additions 123.132 212,526 78.415 60,118 474,191 32,320 32,320 (78,415) (78.415) At 31 October2025 123,132 211526 92.438 428,096 Depreciation At l Novemlxr 2024 tpCIatIOn charge for the year 28,9)0 30.811 28,900 30,811 At 31 Octok 2025 59.711 59.711 Net Book Values At 31 octob 2025 £123,132 £211526 £32,727 £368J85 At 31 October 2024 £123.132 £211526 £78,415 £31218 £445291 No depreciation has been charg&1 on the free1)d land and buildin Community Hall. Ktishna statue and shrine ornaments as they are deem to have an indefjnit expected useful life and the During the year ended 31 lknir 21Y23. the Krishna sttr and shrine ornatnents were revalued fromthe historical costof£12,165 to £78,415. Duringtheyearended 31 O¢lokr2025, these were soJ(I
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO PAge 20 VEDIC SOCIETYOF souf11AON NOTLS TO THE FINANCIAL STATEMENtS (CONT) 31 00BR202$ (i) SoutlwnptOD City Counc An Urban Aid Grant amounling to £30202 was reLYived during an earlieryear in reSPt of the building of the Temple. tn the ev¢nt of the dispx)sal of the freehold protty, 8113ths of the proceeds are repayable to Southarn City CowKil who hold a clwge on the title to the laTrJ on thich th¢ Templ¢ is EIlL (ll) A grdnt was received from So•n City co¢11 of £20,(KM) dwing an earlier for the Temple Community Hall and h&s been ud forthe hall and has Iell trdThsfenEd to fixed &8sets. There is a specific charge by the City Council on the ¢ of th¢ hall by them for ten (lll) Grnits received from Hampshire County Council and Southaw City Council amounting to £16.000 have beentrarfecd to fixed during an earIieryear on the commencement of IMiIding on the community Idl. (iv) A wt was CeiVed during an eadier year from the Single Regenera1ion BoaTht amouniang to £13,0(K) towards the I1]ding wsts of a new bowthry wall. This amount b¢en used to make a part payrnet tovth the builiting costs. 10. DEFfoRS 21)25 2024 Gift Aid 27,IV)8 3,731 16,384 3,667 £30,829 £20.051 I I. CASH AT BAIYK AND IN IIAND 2025 2024 Current accounts Deposit accounts 132.808 127,644 277,618 221,128 £410.426 £348.772
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 21 THE VEDIC SOCIETY OF soufHAMFTON NOTES TO THK FINANCIAL STATEMENTS (CON[Th) FOR THE YEARENDED 31 ocfoBER2025 12. cREDORS. Amounts falling due within one year 2025 2024 Accruals sla1 Secwity and other toxes Other creditths 9,772 8,788 307 ioi 782 £10,554 £9,196 13. FINANCIAL INSTRUME Financial instruments me&8ured at amortised cost comprise th¢ following: 2025 2024 Financial assets that are debt instnrnents Financial liabilities that are debt ins1nents 10,554 8,889 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrided Restrieted Totsl Funds Funds Funds Tangible fix&1 assets CuNent Current liabilities 368,385 441,255 (10,554) 368,385 441255 {10,554) Net &ss¢ts at 31 Octokr 2025 £799.086 £- £799,086
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 22 THE VEDIC SOCIETY OF SOUTHAMFfoN NOTES TOTHE FINANCIAL STATEMEiYrs {CoNrjED) FOR THE YEARENDED 31 ocfoBER2025 15. ANALYSIS OF CHARrrABLE FUNDS Transfer At Incoming Outgoing Between tA)ss on At 01.1124 Resourees R¢sourtts Funds Dk8posai8 31.1025 Analysis of Movements in Unrestrfieted Funds General funds Revaluation reserv¢ 735,151 203.697 182,364 66,250 69,767 (27,165) 799.086 (66,250) Totsl Unrestrketed Funds 801,401 203.697 182,364 3,517 (27,165) 799,086 Analysis of Movements i Restricted Funds Garden Project Philippines Fund 1,937 1.580 (1,937) (1.580) Total R¢strieted Funds 3,517 (3,517) Totsl Funds £804,918 £203,697 £182,364 £- £(27.165) £799.086 Unrestrieted Funds Unre5tiicted Funds comprise those fLmds which the trustees are free to use in )rdance with the charitable obj¢¢ts. Restricted Funds Restiid¢d Funds are funds which have been given for a partieular purtM)se or projecL Th¢ Garden Project Fund has Eten set up for an appeal for the garden project at the front of the Temple building. The Philippines Fund is a Spla1 fund which was collected in 2014115 forth¢ victims of atyphi)on in the Philippine& The funds were sent to Médecins Sans Frontières (MSF) but they were not expended by MSF. The trustees have therefore included the income COlld from the appeal as a TestricteAI fimd pending a decision as to how the fimds are to be used. At the Marth 2025 AGM. it was approved that all the restricted futth be transfenrd to unrestricted funds due to th¢5¢ funds being held for many y¢ars and thse use is now obsolete. 16. RELATED PARTIES Th¢r¢ hav¢ be¢n no tranwtions with T¢lated parti¢s dwing th¢ y¢ar (2024 . £nil).
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 23 THE VEDIC SOCLETYOF SoifniAMON NOTES TO THE FINANCIAL STATEMENrs (coNrtNUED) FOR THE YEAR ENDED 31 ocfoBER2025 17. TAXATION The %Ki¢ty is a registered charity an(L accordingly> is exempt from taxation on its income and gains where they are applied for charitsble purpo.
Docusign Envelope ID." F8D80B1F-976042EE-A8A4-D3D54493BDEO THE FOLLOWING PAGES ARE FOR MANAGEMENT PURPOSES ONLY
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 24 THE VEDIC SOCIETY OF soirrHAON FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 COME Voluntary Ineome Donations: General 13ift Aid 116.075 102,750 18,512 7,281 Investment Income Bank interest 6,490 4,428 Charitable Activities Festival ¢v¢nts and other a¢tivities Subscriptions Car parking Service O¢¢upancy 46.290 808 10,422 5.100 48,378 860 10.171 5,100 TOTAL INCOME £203,697 £178,968
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 25 THE VEDIC SOCIETY OF soirrHAMFTOIY (CONTINUED) FOR THE YEAR ENDED 31 ooBER 2025 2(125 2024 EXPENDITURE Cbarltable A¢tlvltles Priest's salary Priest's pcnsion Festival events and other activities, expenses Light and heat Water rates Refie collection Repaits and Rnewals 37,711 1,581 43.506 12,820 6.202 26,829 495 39,957 13,251 2,790 2,160 24.339 2.928 8,570 1,500 30.785 3.667 Cleaning expenses Donations £144232 122,819 Support #Dd GovernaDce Costs- Cbirftable A¢tivltles Advertising and marketin8 Telephone Independent Examiner's fees Leg# professional and licence fees PrAntin& stationery and computffl5 Depreciation Sundry expenses 547 984 2,488 2,973 30,811 29 547 3,034 2,618 14,450 221 38,132 21,830 TOTAL EXPEIYDTTURE £182.364 £144,649
Docusign EnvelopÈ ID". F8D80B1F-976D42EE-A8A4-D3D544938DEO Page 26 THE VEDIC SOCIETYOF SOUTHAMFfoN RESTIUCTED FUNDS FOR THE YEAR ENDED 31 OCTOBER2025 2025 2024 GARDEIY PROJECT Donations ceIVed blf 1.937 I,937 BALANCE AVAILABLE FOR THE PROJE 1,937 1,937 Donations received blf 1,580 1,580 BALANCE AVAiLABLE FOR THE FUND 1,580 1,580 TOTAL REsT1UED FUNDS BROUGHf FORWARD 3,517 3,517 (3,517) TOTAL RESTiucfED FUM)S CARRIED FORWARD £3,517