Charity registration number 275554 {England and T•Valesl SOUTH EAST HINDU ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 SOUTH EAST HINDU ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustses M Pankhanrya Mr A Rabadia Mi H Assani Chaiity number 275554 Principal address 2 Anglesea Mth¥s London SE18 6ER Independent examiner Finsol Tax Admsors Limf(ed Unit 9 Churchill Court 58 Station Road North Harrow England HA2 7SA SOUTH EAST HINDU ASSOCIATION CONTENTS Page report Indèpendent examinerfs report Slatement of finan￿al actiwties Slalemenl of financial posttion Notes to the fin8n(ial ststements 5- 11 SOUTH EAST HINDU ASSOCIATION REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and finanoal statements of South East Hindu Association ' the Charty" for the year ended 31 March 2025. The finanaal statements have been prepared in 8(Eordan(* the arxounting po15¢ies sel out in note 1 to the financial stalernen15 and comply with the 's Igoveming documentl. the Charities Act 2011 and "Ac£ounting and Reptsrting by Charities". Slaternent of Recommended Practi(x applicalAe to charities prepar5ng their acwunts in accordan￿ wth tme Financial Reporting Standard applKxble in the UK and Republic ol Ireland IFRS 1021 leffectÉve 1 January 20191" Objectives and activities In accordan￿ wtth the charity's objeclives set out in the consif£ution of the charity, the charity is established to promote the Hindu faith Regular congregations and events took place in furtheran￿ of the objects of the Gharity. Financial review It is the policy of the that unrestricted funds which have not been designated for a speafic use should be tnainlained at a level equiwdlent to i￿{ween three and six tni)nth's expendituie. The Trustees consider that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue the 's current activib'es while consideration is given to ways in whth addttional funds may be raised. This level of reseNes has been maintaine(l throughtsut the year. The Trustees have assessed the major risks to which the is exposed. and aTe sth"sfie(I that systems are in place lo mitigate expuure to the major risks. Stru¢ture. governance and management The Charity is an unincorporated charty (Registered Chanty number 275554) whith was registered on 03 September 1977 and is governed by its ConstStution. The committee who served during the year and up to the date of signabjre of the financial statements were". B PindoNa- President U Bhanderi- Treasurer A Hirani- Secretary The Trustees who seNeil during the year and up to the date of signatt&re ofthe finanaal statements were.. M Pankhaniya MfA Rabadia Mr H Assani The report was a oved by the Board of Tiustees. Mr H A55ani Trustee SOUTH EAST HINDU ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH EAST HINDU ASSOCIATION I report to the Tiustees on my examinalion of the finanoyal statements of South East Hindu Assooalion {Ihe ) for the year ended 31 March 2025. Responsibilities and basi5 of report As the Trustees of the you are responsible for the pieparab.on of the finanoal statements in accorrtan￿ wrth the requirements of the Chartties AGt 2011. I report in respect of my examination of the 's finan¢ial Statements ￿rried out under section 145 of the Charities Act 2011. In carrying out my examinat￿n I have followed the Directions given by the Charity Corllmi5sion under section 145151{bl of the CharitiesAct 2011. Independent examineffs ststement Your attention is drawn to the fact that the charity has prepared the financial statements in accordan￿ with the relevant versitsn of the Statement of Recommended Prac11￿ appl￿ble to charities preparing theii financial statements in accordance with the Finanual Reporting Standard appli(able in the UK and Republic of Ireland IFRS 1021 in preferen￿ to the Accourrting and Reporting by Charrties.. Ststement of Recommended Practice issued on 1 April 2005 which 15 referred to in the extant regulations but has now been withdrawn_ l undèrstand that this has been done in order for the financial ststements lo provide a true and fair view in acr4)rdance with UK Generally Accepted Accounb"ng Practi￿. I have complèted my èxamiAalion. I confirn that no matters have come to my atten1ion in connection with the exatnination giving me cause to believe that in any material respect- accounting records were not kept in rèspect of the as required by S￿"on 130 of the ChariliesAct 2011. the financial statèments do not acrDrd with those records.. or the financial statements do not Cotnpty wtth the appli(xble requirements (x)n￿ming the form and content of financial slaternents set out in the Chartttes {A¢￿UnIS and Reptrrtsl Regulations 2008 other than any requirement that the finanual statements give a true and fair view, whi(*t is nol a mattèr (*Jnsidèrèd as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a pro￿[ understsnding of the finanual statements lo be leached. Finsol Tax Advisor5 Llmtle Unit 9 Churchill Court 58 Station Road North Harrow HA2 7SA England Date". SOUTH EAST HINDU ASSOCIATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 un￿strICted Restricted lunds funds 2025 2025 Totsl Unrestri¢led Restricted fvnds fvnds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Investments 18, 21,600 18.S63 21.600 29.104 7.225 29.104 7,225 Total income 40,163 40,163 36.329 36,329 Expenditure on: Charitable activities 62,591 62.591 53,078 53,078 Total expenditure 62,591 62.591 53,078 53,078 Net Èxpenditure and movement in funds (22,4281 122.4281 (16.7491 116.7491 Reconciliation of fiJnds= Fund balan￿$ al 1 April 2024 .013 20,9J1 583.914 579,762 20,￿1 6(X).663 Fund balances at 31 Mar¢h 2025 540,585 20,￿1 561.486 563.013 20.901 583.914 The slalement of finanoal athvities indudes all gains and1055es recognised in the year. All income and expendiluie derive from cx)ntinuing acbvities. SOUTH EAST HINDU ASSOCIATION STATEMENT OF FINANCIAL POSITION ASAT31 MARCH2025 2025 2024 Fixed assets Property. pLint and equipment Investment propety 10 11 235.975 56,798 236.328 56,798 292,773 293,126 CLErront assets Cash al bank and in hand 271.413 292,588 Current liabilities 12 I2,7￿) 1i,8(M)I 14et current assets 268.713 290,788 Totsi assets less current liabilities 561,486 583.914 The funds ofthe Restricted income funds Unrestricted funds 13 14 20,￿1 540.585 20.9)1 563,013 561.486 583,914 The ￿nancIal statements were approved by the Trustees on ......................... Mr H Assani Trustee SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infomiation South East Hindv Association is a unIn￿rpOrated charrty, tharity number 275554 and its prin(ipal trading address is 2 Anglesea Mews. LorKlon. SE18 6ER. 1.1 Acrounting convention The financial statements have ￿en prepare(l in a¢xJrdance with the's goveming d(Kumenl. the Charilie5Act 2011, FRS 102 The Financial Reporting Standard applirable in the UK and Republic ol Iieland" and the Charities SORP "Aco)unting and Reporting by Charities.. Statement of Recommended Practice applicable lo charrfties prepaiing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The is a Public Benefit Entity as defined by FRS 102. The has tsken adwontsge oflhe provistons in the SORP for tharth.es not to prepare a stalement of cash flov4S. 1.2 Going concern At the lime of approving the finanaal stslements. the TTuslees have a reaSc￿ab1e expectation that the h85 adequatè résources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in prepaEing the financial statements. 1.3 Charitable funds Unrestricted funds a￿ available for at the discrelion of the Trustees in knrtherance of their charitable objectives. ReslrKted funds are subject lo spectfic condtbons by donors or grantors as to how they may be used. The purpose5 and uses of the restri¢te(I funds are set out in the notes to the finan¢ial stalemenls. Endowment fiFnds are subj'ect to specafic condrttons by donots that the eaprtal must be maintsined by the . 1.4 Incomè In(x)me is recognised when Ihe is kgally entitled to tt after any perfOrnian￿ condrtFons have been met. the amounts can be measured reliably. and rt is probable that in(x>me will be received. Cash donations are recognise(l on r￿1p1. Other donations ale reco9nised oncè the has been nolifieLI of the donation. unless ￿rf0Mane£ condits.ons require deferral of the amount. Inwtne tsx recoverable in relation to donations received under Gift or deeds of ts)venanl is recognised at the time of the donation. Legaues are recognised on T￿lpt or Othe￿￿￿ rf the has been notified of an imt*nding dislribulion. the amount is known. and receipt is expecaed. If the amount is not known. the legatty is treated as a ￿￿tIllgent asset. Expendrfture is recognised once there is a legal or construcb.ve obligation lo transfer economic benefit to a third paty. rt IS Probable that a transfer of economic benefits will be required in settlement. and the amtsunt of the obligation can be measured ￿1iabty. Expenditure is classified by actmty. The costs of each activtty a￿ made up of the total of direct costs and shared ￿515. induding support costs invow in undertaking each actsvity. Direct costs attributable to a single activity are allocated direcuy to that actiwty. Shared costs which txjnlribule lo tnore than one activity and support COSt5 which are not attributsble to a single activtty are apportioned belween those activities on a basis consistent with the use of resources. Central staff costs ale allocated on the basis of time spent, and depreciation tharges are alb(ated on the t¥Jrts'on of the assefs use. SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontinuedl 1.5 Property. plant and equipmènt Propety. plant and equipment are initially Measu￿ at cost and subsequently measured at cost or valuation, net of depreaation and any impaimient k)sses_ Depreciation is Tecognised so as lo write off the (y)sl or waluation of assets ￿s$ their residual values over their useful lives on the following bases." Freehold land and buildings Plant and equipment Fixtuiès and frttings OQA Straight Line 250A Reduong bala￿e 20% On Cost The gain or 1055 arising on the disposal of an assel is deterrnined a5 the dtfferen￿ between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial acbvitiÈs. 1.6 Investment properties Investment property. whi£* is property hekl to eam rentals andloi for ￿pital appreuation, is inrtially recognised at cost, which indudes the purchase o)sl and any directly attributable expenditure. Subsequently it Is Measured at fair value al the reporbng end date_ The surplus or defi￿t on revaluation is recognised in profft or loss. 1.7 Impairn￿nt of non4urrent assets At eath reporting end date, the rewews the tarrying amounls of its tangiblè a55ets lo delerrnine whether there is any indication that those assets have suffered an impairment 1055. If any such indication exists, the recoverable amount of the asset is estirnated in order to detemine the exlent of the impaiment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include eash in hand. deposils held at call wrth banks, other short-temi liquid investments wtth original mattjrits.es of three months or less. and bank oveidiafts. Bank overdrafts are shown wthin botrowings in cJJrrent liabilities. Basic financialassets Basic finanGial assets, which indude trade and other re￿i￿ableS and cash and bank balan￿8. are initially me¥svred at tTansaction price includin9 transa(*ion Gosts and are substrquEnUy Garried at &mortised Gost using the effective interest method unless the arrangetnent constit(Jtes a financing transaction, where the tran5adion is measured al the present value of the future receipts discounted at a market rate of Interest. Finanual assets classified as le￿1vable within one year are not amorbsed. 8asic finanualliabllities Basic finanoal liabilities, induding trade and other payables and bank loans a￿ inits.ally recognised at transaction price unless the arrangement consb"tutes a finanang transaction, where the debt instrument is easured at the present value of the future paytnents discounled al a mathet rate of interest. Financial liabilities elasstfied as payable within one year are not amortised. Debt insttuffients are subsequently ¢2rried at afflortised cost. using the effedive interest rate method. Trade payables are obligations to pay lor g￿d$ or services that have been awuired in the ordinary course of operations from suppliers_ Amounts payabk ale da5sffied as c￿Erent liabilth.es if paymènt is due wf(hin one year or less. If not. ihey are presented as nonntractLtal obligatKsns expire OT are discharged or ¢4ncelled. SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In the applic2tion of the's a(￿oUntIng w>lioes. the Trustees are required lo make judgements, estimates and assumptions about the carrying atnount of assets and liabilities that are not readily apparent from other Soul￿s. The estimates athd ass(￿lated assumptions are based on historical experience and olher factors that a￿ con51dered to be relèv8nl. Actual resutts may differfrotn these estimates. The estimates and underfying assumptions are ieviewed on an ongoing basis. Rèwsions to atxounling eslimales are recognised in the period in whith the estimate is revised where the revision affeds only that period. or in thè period of the revision and future periods where the rewsion affeds both current and future periods. Inwme from donations and lègacies Unrestricted funds 2025 Unrestricted funds 2024 Dorialions and grfls 18.563 29.104 Incomè from investments Unrestricted Unrestricted funds funds 202S 2024 Rental income 21,6(Kl 7,225 SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitsble aclivities Charrtable Charitable Expenditure Expenditure 2025 2024 Direct costs Depreciation and impa1￿￿ent Religious Expenses Rates and Water Charges Light. Heat and Power Premises Repairs and Renewals Pr(>pety Insufance Telephone. Fax and Inlemet Sundry Expenses 353 1,227 2,2C 15,282 35.167 4.193 1,578 1.705 390 1.615 677 17,992 23,269 4.024 1.487 2,724 61.691 52.178 Sharè ofsupport and governance costs (see note I Governance 9(K) 900 62,591 53.078 Anatysis byfvnd UnrestTiCted fvnds 62,591 53.078 Net movement in funds 2025 2024 The nel movement in funts is stated after thargingl((xedthng}" Fees payable forthe independent examination of the charitys finarKial statements Depreciation of Own￿ PToperty. plant and equipment 353 390 None of the Ttustees lor any persons connected with them) receiveil any remunerab.on or be￿fitS from the ¢Juring the yeaF_ Employees The average mgnlhly number of employees during the year was". 2025 Number 2024 Number Total There We￿ no employees whose annual remuneration was mre than £60,(KJO. SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees Icontinuedl Remuneration of kÈy management pèrsonnel Thé rÈrnuneration of key rnanagement personnel was as follws: Taxation The charity is exempl from taxation on ts activibes because all Its inwme is applied for charitable purposes. 10 Property. plant and equipment Froehold ￿nd and buildings PL3nt and Fixt4Jre5 and equipn*rrt fittfjngs Total Cost At 1 April 2024 235.637 50,694 1,200 287.531 Al 31 March 2025 235.637 50,694 1,2C() 287.531 Depreciation and impairmerrt Al l April 2024 Deprec4ation charged in the year 50243 113 51.203 353 240 At 31 March 2025 1.200 51,556 Carying amount At 31 March 2025 235,637 338 235,975 Al 31 March 2024 235,637 451 240 236,328 11 InvÈstmÈnt property 2QZ5 Fair value At 1 April 2024 and 31 March 2025 56,798 Investment property comprises one property. The fair vJue of the investment pro￿rty ha5 been arrived at on the basis of a valuation carried by the trusteès. 12 Current liabilitses 2025 2024 Acuuals and deferred irtCOFne 2,700 1,800 SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Restricted funds The restricted funds of the charity 0)M￿Se the Unex￿nded balances of donalions and grants held on trust subject lo specrfic conditions by donors as to how they fflay be used. At 1 April At 31 March 2024 2025 20.901 20,901 Previous year. At 1 April At 31 March 2023 2024 20.YJ1 20,901 14 Unrèstricted fijnds The unreslncted fvnds of the tharty comprise the unexpended balances of donations and giants which are not subject to speufic o)nrlrtions by donors and grantors as to how they may be used. These indude (Jesignaled funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources At 31 March expènded 2025 General funds 563.013 40.163 162,591) 540,585 Previous year. At 1 April 2023 Incoming resources Resourcos At 31 March expended 2024 G&nèrai fun￿$ 579.762 36,329 {53,0781 563.013 1S Analysis of net assets bètween funds Unrestricted funds 2025 RestriGted fund$ 2025 Total 2025 At 31 March 2025: Property, plant and equipment Investment properties Current assetsllliabilitiès) 235,975 56,798 268,713 235,975 ,798 268,713 561.486 561,486 Perbalance SI￿et Balance Éo allocat• 540.58S 120.9011 20,901 20.901 561.486 10- SOUTH EAST HINDU ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Analysis of net assets be￿￿ funds (Continued) UnrestrT¢ted Restricted funds funds 2024 2024 Totsl 2024 At 31 March 2024: Property, plant and equipment Investment properties Current assetsllliabilthesl 236.328 56,798 269.887 236.328 56,798 290,788 20,￿1 563,013 20.9)1 583,914 16 Related party trnnsaetions There were no disclosable related party transacbons during the year12024- 20231. 11