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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 275804

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

The Hindu Temple - Bristol

Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE

The Hindu Temple - Bristol

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11

The Hindu Temple - Bristol

Report of the Trustees for the Year Ended 31 March 2021

The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The main objective of the charity is to promote the culture and philosophy of the Hindu faith to its members, the Bristol Hindu community and the community at large.

The main activities are:

FINANCIAL REVIEW

Principal funding sources

The charity's principal source of funding is donations from its members. The majority of the expenditure goes towards the ongoing maintenance of the building plus the salaries of two part time priests. The reserves of the charity are retained to be used for the benefit of the charity as and when the Trustees see fit.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is governed by its constitution.

Trustees are appointed to the board via an election process and serve for 3 years. The outgoing Trustees are eligible for re-election. The board consists of 6 people, out of which at least three must be local residents of Bristol City.

The Trustees are highly respected and senior members of the community, bringing in their vast experience and knowledge to ensure the charity is running properly and according to its constitution.

The day to day running of the charity is carried out by the management committee, who are elected annually at the AGM.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

275804

Principal address

163b Church Road Redfield Bristol BS5 9LA

Trustees

R Rajani K Bajaj B Pandya Mrs N Nathwani N Patel Dr P S Midha

Independent Examiner

Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE

Page 1

The Hindu Temple - Bristol

Report of the Trustees for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Management Committee:-

Chairperson: Rashik Patel
Vice Chair: Ila Shrimanker
Secretary Nalin Parekh
Treasurer: Jayanti Rajyaguru

Committee Members:-

Laxmikant Amrutlal Preash Patel Shiv Sama Nilanjan Das Gupta

Volunteers provide valuable help and support to ensure all the activities and events are run efficiently and smoothly.

As in previous years we would like to thank our volunteers for their valued hard work and dedication during the year

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

R Rajani - Trustee

Page 2

Independent Examiner's Report to the Trustees of The Hindu Temple - Bristol

Independent examiner's report to the trustees of The Hindu Temple - Bristol

I report to the charity trustees on my examination of the accounts of The Hindu Temple - Bristol (the Trust) for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns 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 proper understanding of the accounts to be reached.

Dilip Patel Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE

Date: .............................................

Page 3

The Hindu Temple - Bristol

Statement of Financial Activities for the Year Ended 31 March 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
47,756
Investment income
2
2,546
Total
50,302
EXPENDITURE ON
Other
29,630
NET INCOME
20,672
RECONCILIATION OF FUNDS
Total funds brought forward
471,388
TOTAL FUNDS CARRIED FORWARD
492,060		 Restricted
fund
£
-
-
-
-
-
-
-		 2021
Total
funds
£
47,756
2,546
50,302
29,630
20,672
471,388
492,060		 2020
Total
funds
£
50,638
5,226
55,864
45,121
10,743
460,645
471,388

The notes form part of these financial statements

Page 4

The Hindu Temple - Bristol

Balance Sheet 31 March 2021

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
208,044
CURRENT ASSETS
Debtors
7
645
Cash at bank
287,667
288,312
CREDITORS
Amounts falling due within one year
8
(4,296)
NET CURRENT ASSETS
284,016
TOTAL ASSETS LESS CURRENT LIABILITIES
492,060
CREDITORS
Amounts falling due after more than one year
9
-
NET ASSETS
492,060
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 2021
Total
funds
£
208,044
645
287,667
288,312
(4,296)
284,016
492,060
-
492,060
492,060
492,060		 2020
Total
funds
£
213,393
514
263,799
264,313
(4,218)
260,095
473,488
(2,100)
471,388
471,388
471,388

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

............................................. Trustee

............................................. Trustee

The notes form part of these financial statements

Page 5

The Hindu Temple - Bristol

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 15% on reducing balance basis Fixtures and fittings - 5% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

INVESTMENT INCOME
2021 2020
£ £
Bank interest 2,546 5,226

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Page 6

continued...

The Hindu Temple - Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Priests
No employees received emoluments in excess of £60,000.
5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
50,638
Investment income
5,226
Total
55,864
EXPENDITURE ON
Other
45,121
NET INCOME
10,743
RECONCILIATION OF FUNDS
Total funds brought forward
460,645
TOTAL FUNDS CARRIED FORWARD
471,388
6.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2020 and 31 March 2021
106,325
DEPRECIATION
At 1 April 2020
-
Charge for year
-
At 31 March 2021
-
NET BOOK VALUE
At 31 March 2021
106,325
At 31 March 2020
106,325		 2021
2
Restricted
fund
£
-
-
-
-
-
-
-
Murtis
£
13,563
-
-
-
13,563
13,563		 2020
2
Total
funds
£
50,638
5,226
55,864
45,121
10,743
460,645
471,388
Equipment
£
29,679
22,621
1,059
23,680
5,999
7,058		 2020
2
Total
funds
£
50,638
5,226
55,864
45,121
10,743
460,645
471,388

Page 7

continued...

The Hindu Temple - Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

6.
TANGIBLE FIXED ASSETS - continued
Fixtures
and
fittings
£
COST
At 1 April 2020 and 31 March 2021
121,895
DEPRECIATION
At 1 April 2020
36,091
Charge for year
4,290
At 31 March 2021
40,381
NET BOOK VALUE
At 31 March 2021
81,514
At 31 March 2020
85,804
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Raja Ram Mohan Roy fund
Payroll control account
Accrued expenses
9.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 10)
10.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due in more than five years:
Repayable otherwise than by instalments:
Long term capital loan		 Books
£
643
-
-
-
643
643
2021
£
645
2021
£
205
984
1,222
1,885
4,296
2021
£
-
2021
£
-		 Totals
£
272,105		 Totals
£
272,105
58,712
5,349
64,061
208,044
213,393
2020
£
514
2020
£
-
984
1,222
2,012
4,218
2020
£
2,100
2020
£
2,100

Page 8

continued...

The Hindu Temple - Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. MOVEMENT IN FUNDS

At 1.4.20
£
Unrestricted funds
General fund
471,388
TOTAL FUNDS
471,388
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
50,302
TOTAL FUNDS
50,302
Comparatives for movement in funds
At 1.4.19
£
Unrestricted funds
General fund
460,645
TOTAL FUNDS
460,645
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
55,864
TOTAL FUNDS
55,864
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.19
£
Unrestricted funds
General fund
460,645
TOTAL FUNDS
460,645		 Net
movement
At
in funds
31.3.21
£
£
20,672
492,060
20,672
492,060
Resources
Movemen
expended
in funds
£
£
(29,630)
20,672
(29,630)
20,672
Net
movement
At
in funds
31.3.20
£
£
10,743
471,388
10,743
471,388
Resources
Movemen
expended
in funds
£
£
(45,121)
10,743
(45,121)
10,743
Net
movement
At
in funds
31.3.21
£
£
31,415
492,060
31,415
492,060		 At
31.3.21
£
492,060
492,060
492,060

Page 9

continued...

The Hindu Temple - Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 106,166 (74,751) 31,415
TOTAL FUNDS 106,166 (74,751) 31,415

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

Page 10

The Hindu Temple - Bristol

INCOME AND ENDOWMENTS
Donations and legacies
Arti and Navrarti donations
Members subscriptions
Sundry donations
Gift aid refund
Job retention scheme grants
Donation boxes
School visits
Rent/hall hire
Electricity board rent
Other income
Investment income
Bank interest
Total incoming resources
EXPENDITURE
Other
Functions - expenses
Food, drinks and rations
Support costs
Management
Wages
Rates and water
Insurance
Light and heat
Telephone
Printing, postage and stationery
Cleaning and sundries
Repairs and renewals
Donations
Travel
Other
Plant and machinery
Fixtures and fittings
Total resources expended
Net income		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
2021
2020
£
£
2,752
12,055
10
1,456
13,368
19,310
20,289
-
5,882
-
3,167
12,471
-
1,329
2,188
3,834
100
100
-
83
47,756
50,638
2,546
5,226
50,302
55,864
-
300
-
2,625
-
2,925
17,336
16,191
89
742
1,804
2,055
2,662
9,988
448
514
-
739
447
2,242
1,495
1,693
-
251
-
2,020
24,281
36,435
1,059
1,245
4,290
4,516
5,349
5,761
29,630
45,121
20,672
10,743		 Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
2021
2020
£
£
2,752
12,055
10
1,456
13,368
19,310
20,289
-
5,882
-
3,167
12,471
-
1,329
2,188
3,834
100
100
-
83
47,756
50,638
2,546
5,226
50,302
55,864
-
300
-
2,625
-
2,925
17,336
16,191
89
742
1,804
2,055
2,662
9,988
448
514
-
739
447
2,242
1,495
1,693
-
251
-
2,020
24,281
36,435
1,059
1,245
4,290
4,516
5,349
5,761
29,630
45,121
20,672
10,743
50,638
5,226
55,864
300
2,625
2,925
16,191
742
2,055
9,988
514
739
2,242
1,693
251
2,020
36,435
1,245
4,516
5,761
45,121
10,743

This page does not form part of the statutory financial statements

Page 11