Charfty Registratlon No. 275554 SOUTH EAST HINDU ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
SOUTH EAST HINDU ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Tru$t•t8 M Pankhaniya B Bhanol S Agnihotri Charlty nUMr 275554 Prlnelp•l ddro88 2 Anglesea Mews London SE18 6ER Indèpond•nt axmln•r Finsol Tax Advisors Limited Vision House 31 Kenton ParkAvenue Harrow Middlesex HA3 8OS
SOUTH EAST HINDU ASSOCIATION CONTENTS Pago report Indepandenl examinerfs report Statement of financial aciivi1108 Statement of financial position Notes lo tho financlal slalements 5- 11
SOUTH EAST HINDU ASSOCIATION REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trus18es present their report and financial slalemenls of South East Hindu Association ' the Charity" for tre year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies sgt out in nolg 1 10 the financial statements 8nd comply with the .8 Igoverning documentl, the Charities Act 2011 and Accounting and Reporting by Charities., Slalemenl of Rgcommended Practice applicabl8 lo charities preparing their accounts in accordance with thè Financial Reporting Standard applicable in the UK and Ropublic of Ireland IFRS 1021 leffeclive 1 January 20191" Obl•¢tlvv ond •ctlvltl•• In accordancè with the charity's objectives sel out in the constitution of the charity, the charity 18 e81ablished lo romole the Hindu faith. Regular congregations and evonls look placa in furtherance of the objeGI8 of the Charity. Flnanclal r•vl•w 11 is the policy of the that unreslrictad funds which havo not bean de8ign8t?d for a $pecifi¢ uso Should be maintained al a level equivalent lo beeen three and six month's axpenditure. Tho Tru8lea8 con8ider that reservès al this level will ensure that, in the event of a significant drop in funding. they will be able 1¢ ccinlinue the '$ ¢urrent a¢livilie8 while consideration is given to Ways in which additional funds may be ralsed. This level of resarves has bggn maintained throughout the year. .Thè Tru$l88s have assessed tho major risk8 to which the is oxposed, and arè satisfied that sy818ms are In place lo miligale èxposura to tho major risks. structurol govamanco and m8nagfrmgnt The Charity is an unincorporated charity (Registered Charity number 275S541 which was regislerad on 03 Sepl&mb8r 1977 and 18 governed by 11$ con81ilulion, The committee who geNed during the year and up lo the dale of slgnalure of the financial Btalement8 were.. B Pindori8 - Prasidenl D Varsani - Treasurer A Hirani - Secretary The Trustèès who 8aNod durin9 the ye8r and up to th• date of ¥ignature of the flnancial statgments w&re.' M Pankttaniya B Bhanot Agnihoiri The report wa$ approved by the Board of Trustee8. Agnlhotrl Trustee Dated.. 28 January 2022
SOUTH EAST HINDU ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH EAST HINDU ASSOCIATION I report to the Trustees on my examination of the financial statements of South East Hindu Association Ilhe I for the yèar onded 31 Mar¢h 2021. Rasponslblllt108 and ba$18 of rnport As the Trustees of the you are responsible for the prepar8liDn of the financial statemen18 in accordance with tho quirements of the Charillès A¢1 2011 (the 2011 Act). '.1 report in respect of my examination of the 's financial statements carried out under seelion 145 of the 2011 Act. In carrying out my examination I have fc)Ilowed all th& appIlble Diroclions given by thè Charity Comm158ion undor section 14515llbl of the 2011 A Indeyndènt •xamlnerfs 8tstom•nt Your attention is drawn lo thè fact that the eharity has prepargd fin8nGial ststements in accordance with Accounting and Reporting by Chari118s preparN9 thgir aecounls In accordance with the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Slalemenl of Rocornmend8d Pracdce issued on 1 Aprll 2005 which 18 refarred lo in the extant regulation8 bul ha8 now been withdrawn. l under8tand that Ihls has bean done Sn order for financial statements lo provide a Irua and fair viow in 8ccord8nc8 with Ganerally Accepted Accounting Practice effectiv& lor reportlng periods beginning on or aftor 1 January 2015. I have completed my gxaminalion. I confimi that no matters have come lo my attention in egnneclion with the examination giving mè cause ID believe that in any material respect.. accounting records were not kept in rg$peel ol the as required by s8¢lion 130 of the 2011 Act.. or the financial statements do not accord with th0 records., or the financial s¢alomènt8 do not comply with the applicable requiremènts concerning the form and conlenl of accounts $81 out in the Charitie8 (Accounts and Reports) Regulations 2008 other than any rgquirement that the accounts givè o true and fair viaw which 1$ not a matter considered as part of an indepèndent examination. I havè no concerns and have come acros5 no other matters in conneelion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo b• reached. Flnsol T*x Advl•or8 Llmltod Vision House 31 Kenton ParkAvonue Harrow Middlesex HA3 8DS Datod.. 28 January 2022
SOUTH EAST HINDU ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT . FOR THE YEAR ENDED 31 MARCH 2021 Unre8trlcted R¢8trlctèd funds funds 2021 2021 Total Unre8trl¢ted Re8trict•d fund$ funds 2020 2020 Total 2021 Nots8 2020 Donations and leg8CI8S Charitable activities Investments 31,701 31,701 30,438 562 5,101 30,438 562 5,101 11.050 11,050 Total Income 42,751 42,751 36,101 36,101 Raising fund8 4,350 4,350 Charitsble 8clivilie8 21,480 21,480 12,011 12,011 ToLg1 r••ourc•• •xpond•d 21,480 21,480 18,361 16,361 Not Income lor th• y•*rl N•t mov•m•nt In fund• 21,271 21,271 19,740 19,740 Fund balance8 al 1 April 2020 555,479 20.901 576,380 535,739 20,901 556,640 Fund b•lan¢o8 at 31 March 2021 576,750 20,901 597.651 555,479 20,901 578,380 Thè stalemènl of financial activiliè$ includès all galns and1088es rocoonised in the year. All Income and expendituro derive from conlinuino aclivilies.
SOUTH EAST HINDU ASSOCIATION STATEMENT OF FINANCIAL POSITION ASAT31 MARCH 2021 2021 2020 Note8 Flxed a$88t8 Property, plant and equipment Investment properties 10 11 237,665 56,798 238,261 56.798 Currnnt.488•t• .Trade and othèr receivables Cash al bank and in hand 294,463 295,059 12 1,233 303,755 1,233 280,988 304.988 11,8001 urrnnt Ilabllltl•• 282,221 19001 Not currènt 088tts 303,188 281,321 Tot•1 4•10ts l••• curr•nt Ilabllltl•• 597,651 576.380 Income fund• Reslricled funds Unreslriclad funds 20,901 576,750 20,901 555.479 597,651 576,380 Thè financial $tal8m8n18 weffj approved by the Trustees on 28 January 2022 S Agnihol 'Tru8to•
SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 A¢countlng poll¢le8 Charlty informatlon South East Hindu Association is a unincorporated charity, charity number 275554 and ils principal trading addr888 1$ 2 Anglesea Mew8. London, SE18 6ER. 1.1 Accountlng convontlon Th& financial 81atements have been prepared In accordance with th& 's Igovorning documentl, the Charities Act 2011. FRS 102 "Th8 Financial Reporting Standard applicable in the UK and Republi¢ of Iraland I'FRS 102.1 and the Charities SORP Accounting and Reporting by Chariti8s'. Statement of Recommended Practice applicablo lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191. The is a Public Benefit Entity as defined by FRS 102. The h88 taken advantage of the prgvisions in the SORP for charities not lo prepare 8 Slalgmenl of Cash Flows. 1.2 Golng ¢onc•rn Al the limg of approving the financial slalements. the Tru$lees have a reasonable oxpeetalion that the ha8 adequate resources to continue in operational existence for thè foreseeable future. Thus the Truste88 continue lo adopt th8 going concem basis of accounting in preparing the financial stat8m¥nls. 1.3 Charftabl• fund# Unreslricled funds are available for usa al the di8Grelion of the Truslegs in furtherance of their charitsbla objoctive$. R&slriclgiJ funds are subject 10 8pecific conditions by donors as lo how they may be 1. The purpose8 and usa8 of tho r88lrio1od fund8 aro sel out in thè notes lo the financial $tslemenls. Endowment fund8 ara Subject to specific conditions by donors that the capital musl bo maintained by Ihe . 1.4 Incom• In¢om• is rgcognised when the 18 legally entitled to it after any performance conditions hav• btren mel. thè amounts Can bg mea8ur8d reliably. and il is probable that income will be rgceived. Cash donations are recognised on re¢8ipl. Other donations are recognised once the has been notified of the donation, unlgss perfomiance conditions requi deferral of the arnounl Income lax recoverable in rglation lo donations raceived under GiftAid or deeds of covenant is recognised al the timo of thè donation. Legacies are recognisad on recaipt or otherwise if the has been notifi&d of an impending distribution, the amount is known, 8nd rec8ipI is expgcled. If the amount is not known, the legacy is Irealed as a contingent asset. Expenditure is recognised gnce there is a legal or constructive obligation lo transfer gconomic benefit to g third party, il 18 probable that a Ifansfer of economic benefits will be r8quired in settlement, and the amount of the obligation can be mèasured reliably. Expenditure 1$ classified by activity. The costs of each activity a made up of the lolal ol direct costs and shared costs, includin9 SUPPOrt Costs Involved In undertaking each activity. Direct costs allributable lo a single activity are allocated directly lo that activity. Shared costs which contribute lo more than one aclivify 8nd 8UPPQrt Gosts which are not attribuiable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2021 Accountlng policio8 {Continuodl 1.5 Property. plant and oquipment Property, plant and equipment are initially measured at cost and subsequenuy measured at cost or valuation. nel of depreciation and any impairmènt losse8. Depreciation is recognised $0 as to write off the cost or valuation of 8ssg18 less their residual values over their usèful lives ¢n the following bases. Freoh¢ld land and buildings Plant and equipment Fixtur98 and fittings 00/0 Slraighl Linè 25% Reducing balan¢8 20% On Cost Thè gain or loss arising on the disposal of an asset is dèlemiined as the difference betwe8n th8 Sale procoed8 and the ¢arrying value of the asset, and 18 recognised in the stalernenl of financial activities. 1.6 InvMtm•nt prop•rtlo• Inveslmanl property, which Is property held lo earn rentals andlor for capit81 appreeialion, is initially recognised at CO81. which includes the purchase cost and any dire¢lly allribulable expendiluro, Sub39qu8nlly it is measured at fair valua al the reporting end dale. Thg 8urplu$ or defi¢il on rovalualion is recognised in profil or Ios8. 1.7 Impalm)•nt of nonwcurr¢nt a8••t8 Al each reporting end dale. the reviews the carrying amount$ of ils tangible assets to delermino whelhar Ihare is any indicali¢n that Iho8e assets have suffered an impairment loss. If any such indi¢alion 8xi81$, the recoverable amount of the 888el 18 881imated in order lo determine the extonl of the impairment loss Ilf any). 1.8 Cash and cash equlvalents Cash ond cash equivalents include cash in hand, d&posils held 81 Call with banks, other short-lerm liquid invaslmgnts with original maturitie8 of three months or less, 8nd bank ovardrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 F5nanclal In•trum•nt¥ The has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Socllon 12 '01her Financial Instrumen18 Issues, of FRS 102 to all ol its financial inslrumenls. Fin8ncial instruments arè recognisgd in the '$ balance Sheet when the becomes party lo the conlraclual provision$ of the in$lrumenl. Financial assets and liabilities are offset, with the nel amounts presented in tha fin8ncial statements, when thera is a le9ally enlorce8ble right lo set off the recognised amounts and there is an int8nlion lo settle on a nel basis or lo realise the asset and settle the liability simultsneously, Ba$1¢ flnan¢lal assets Basic financial assets, which include trade and other receivables and cash and bank balances, are Initially measured al Iran$aclion price including transa¢lion costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, Whe the transaction is measured al th8 present value of the lulure receipts discounted al a market rate of interest. Financial assets ¢18ssrfied as receivable within one year are not amortised.
SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollclgs Icontlnugdl 8•slc flnan¢lal Ilabllltl•s Basic financial liabilities. including trade and other payables and bank 108ns are initially recognised al transaction price unless the arrangement conslilules 8 finan¢ing transaction. where the d&bl instrument 1$ measured al Ihg present value of the future payments discounted al a market rale of interest. Financial liabilities classified as payable within one year ar8 not amortised. Debt instruments are 8ubs•quenlly carried al amorti8ed cost, using the effe¢live interest rate method. Trade payables are obligations lo pay for good$ or services that have been acquired in the ordinary course of operations from Suppliers. Amounts payablè are classified a8 current liabilities if payment is due within one year or less, If not, they are presented as non-eurrenl liabilities. Trade payables are recognised initially al transaction price and 8ubsequenlly measured at amortised cost using the effedive interest method. Derncognltlon of fln•nclal Il•bllltlas Financial liabilities are derecognised when thg '8 conlraclugl obligations e*xpire or are diharged or cancelled. crftlcal ac¢ountlng ••tlmatM and ludg•m•nts In the application of the 's accounting policies. the Truste98 are required lo make judgements, esllmalos and assumptions about the carrying amount ol assets and liabilities that are not readily apparent from other sources. The egtimales and 88so¢ialed assumptions are based on hi81ori¢al exp8rience and other factor8 that are Gonsidered lo be relevant. Actual results may diffèr from Iheso eslimales. Th8 •slimale8 and undorfying a$8umplions are reviewed on an ongoing basis. Revisions to accounting e$limates are recogni88d in the period in which the estimate is revised where the revision affects only that period, or in the period of thg r&visiDn and future periods where tho revision affects both ¢urrent and future peritsds. Don¥tlon• and l•9ocle8 Unrostrlct8d Unreslricled funds fund8 2021 2020 Donations and gifts Covid-19 Governmgnl Grant 6.701 25,000 30,438 31,701 30,438
SOUTH EAST HINDU ASSOCIATION NDTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charltabl8 actlvltl•8 Momb8rshlp Sub8crlptlo0 •• Donatlons 2020 M&mber8hlp Sub8crlptlo na8 Donatlonts 2020 Income from charitable aclivllies 562 Invo•tmont• Unrg8trfct•d Unreslricled lund• funds 2021 2020 Rental InMe 11.050 5,101 Ral8lng fund* Total Unrestricted funds 2021 2020 4,350 4,350
,SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charltabl• actlvltle8 Charftable Charltabl• ExpendlturèExpgndlturo 2021 2020 Depreciation and impairment Religious Expenses Ral8s and Water Charges Light, Hoal and Power Premise8 Repairs and Renewals Property Insurance Telephone. Fax and Inlernel Sundry Expen808 474 1,520 11,729 854 5,828 4,274 521 2.113 1,232 437 1.415 158 20,580 10,571 Share of governance costs Isèè note I 900 1,440 21,480 12,011 Tru8t••• None of the Trustees lor any person8 ¢onnectgd with Iheml roceivgd any rgmuneration ¢r b8n8fils from the during th8 year. Employ••B Thg averago monthly number of amployee8 during the yaar was.. 2021 Number 2020 Numbor Total There were no employees whose annual remuneration was more than £60,000.
SOUTH EAST HINDU ASSOCIATION OTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 10 Propèrty. pl*nl and 8qulpm•nt Fr88hold land and bulldlngs Plant and Flxtura$ and equipment flttlngs Totsl Cost Al 1 April 2020 235,637 50,694 1.200 287,531 Al 31 March 2021 235,637 50.694 1,200 287,531 D•pr•¢l#tlon and Impalrm•nt Al 1 April 2020 Depreciation charged in the year 49,270 356 49,270 240 Al 31 March 2021 49,628 240 49,866 Carrylng amount Al 31 March 2021 235,837 1,068 960 237,685 Al 31 March 2020 235,637 1,424 1,200 238,261 11 InY••tm•nt prop•rty 2021 Falr valu• Al 1 April 2020 and 31 March 2021 56,798 Inv8$lmenl propety eomprises one propoty. The lair valu¢ of the investmanl property has been arrived at on the basi$ of 8 valuation carried by the Iruslee$, 12 Trad• •nd oth•r roc•lv•bl•• Amounts falllng du• wlthln on• yoar: 2021 2020 Other.racgivables 1,233 1,233 13 Currnnt Ilabllitl•8 2021 2020 Accruals and deferred income 1,800 900 10-
SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 14 Anly81$ of n•t a88•ts betwoon fund Unrn$trictèd R•stTlcted fund8 funds 2021 2021 Total Unrestricted Reslricled funds funds 2020 2020 Total 2021 2020 Fund balances al 31 March 20218re represenlgd by.. Proparty, plant and gquipmgnl Investment properb'es Current asso1 237.665 56,798 237.665 56,798 238,261 56,798 238,261 56,798 303,188 303,188 280,420 20,901 281.321 597,851 597,651 555.479 20,901 576,380 16 R•lat•d party tr•n8actSon• There w9re no di$clo8ablo related paty tran8actign8 during the year12020- 20201. 11