**REGISTERED CHARITY NUMBER: 275804** **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2023** **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 2023** |||**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 2023** The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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: - Organisation of events based around religious festivals - Raising funds and donations from the members and the community at large for the upkeep of the charity - Work with local schools and other educational bodies to improve and enhance the understanding of Hindu faith and culture ## **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** Mr R Rajani Mr K Bajaj Mr B Pandya Mrs N Nathwani (resigned 20.11.22) Mr N Patel (resigned 20.11.22) Dr P S Midha Ms B Kathrecha (appointed 20.11.22) ## **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 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** Management Committee:- |Chairperson:|Mr Rasik Patel| |---|---| |Vice Chair:|Mrs Ila Shrimanker| |Secretary|Mr Nalin Parekh| |Treasurer:|Mr Laxmicant Amratlal| Committee Members:- Mr Nilesh Babariya Mr Nilanjan Das Gupta Mrs Sarbari Dhar Mr Mayur Mehta Mrs Ila Parekh Mr Preash Patel 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: ........................................................................ Mr 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 2023. ## **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 3. 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 2023** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
65,831
Investment income
2
5,289
**Total**
71,120
**EXPENDITURE ON**
Other
57,226
**NET INCOME**
13,894
**RECONCILIATION OF FUNDS**
Total funds brought forward
515,301
**TOTAL FUNDS CARRIED FORWARD**
529,195|Restricted
fund
£
-
-
-
-
-
-
-|2023
Total
funds
£
65,831
5,289
71,120
57,226
13,894
515,301
529,195|2022
Total
funds
£
54,412
2,788| |---|---|---|---| ||||57,200| ||||33,959| ||||23,241
492,060| ||||515,301| The notes form part of these financial statements Page 4 **The Hindu Temple - Bristol** ## **Balance Sheet 31 March 2023** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
199,265
**CURRENT ASSETS**
Debtors
7
489
Cash at bank and in hand
332,093
332,582
**CREDITORS**
Amounts falling due within one year
8
(2,652)
**NET CURRENT ASSETS**
329,930
**TOTAL ASSETS LESS CURRENT LIABILITIES**
529,195
**NET ASSETS**
529,195
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
-
-
-
-
-|2023
Total
funds
£
199,265
489
332,093
332,582
(2,652)
329,930
529,195
529,195
529,195
529,195|2022
Total
funds
£
203,068
610
314,240| |---|---|---|---| ||||314,850
(2,617)| ||||312,233| ||||515,301| ||||515,301| ||||515,301| ||||515,301| 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 2023** ## **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**||| |---|---|---| ||2023|2022| ||£|£| |Bank interest|5,289|2,788| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. Page 6 continued... **The Hindu Temple - Bristol** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **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
54,412
Investment income
2,788
**Total**
57,200
**EXPENDITURE ON**
Other
33,959
**NET INCOME**
23,241
**RECONCILIATION OF FUNDS**
Total funds brought forward
492,060
**TOTAL FUNDS CARRIED FORWARD**
515,301
**6.**
**TANGIBLE FIXED ASSETS**
Freehold
property
£
**COST**
At 1 April 2022
106,325
Additions
-
At 31 March 2023
106,325
**DEPRECIATION**
At 1 April 2022
-
Charge for year
-
At 31 March 2023
-
**NET BOOK VALUE**
At 31 March 2023
106,325
At 31 March 2022
106,325||2023
2
Restricted
fund
£
-
-
-
-
-
-
-
Murtis
£
13,563
-
13,563
-
-
-
13,563
13,563|2022
2
Total
funds
£
54,412
2,788
57,200
33,959
23,241
492,060
515,301
Equipment
£
29,679
981
30,660
24,580
912
25,492
5,168
5,099|2022
2
Total
funds
£
54,412
2,788| |---|---|---|---|---| |||||57,200| |||||33,959| |||||23,241
492,060| |||||515,301| |||||| |||||| |||||| |||||| |||||| Page 7 continued... **The Hindu Temple - Bristol** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** |**6.**
**TANGIBLE FIXED ASSETS - continued**
**COST**
At 1 April 2022
Additions
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2023
At 31 March 2022
**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
Accrued expenses
**9.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Fixtures
and
fittings
£
121,895
-
121,895
44,457
3,872
48,329
73,566
77,438
At 1.4.22
£
515,301
515,301
Incoming
resources
£
71,120
71,120|Books
Totals
£
£
643
272,105
-
981
643
273,086
-
69,037
-
4,784
-
73,821
643
199,265
643
203,068
2023
2022
£
£
489
610
2023
2022
£
£
-
604
984
984
1,668
1,029
2,652
2,617
Net
movement
At
in funds
31.3.23
£
£
13,894
529,195
13,894
529,195
Resources
Movement
expended
in funds
£
£
(57,226)
13,894
(57,226)
13,894|Totals
£
272,105
981|Totals
£
272,105
981|Totals
£
272,105
981| |---|---|---|---|---|---| ||||273,086||| ||||69,037
4,784||| ||||73,821||| ||||199,265||| ||||203,068||| ||||2022
£
610
2022
£
604
984
1,029
2,617
At
31.3.23
£
529,195||2022
£
610| ||||||2022
£
604
984
1,029| ||||||2,617| ||||529,195||| |||||13,894|| Page 8 continued... **The Hindu Temple - Bristol** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31 March 2023** ## **9. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.4.21
£
**Unrestricted funds**
General fund
492,060
**TOTAL FUNDS**
492,060
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
57,200
**TOTAL FUNDS**
57,200
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.21
£
**Unrestricted funds**
General fund
492,060
**TOTAL FUNDS**
492,060|Net
movement
At
in funds
31.3.22
£
£
23,241
515,301
23,241
515,301
Resources
Movement
expended
in funds
£
£
(33,959)
23,241
(33,959)
23,241
Net
movement
At
in funds
31.3.23
£
£
37,135
529,195
37,135
529,195|At
31.3.22
£
515,301| |---|---|---| |||515,301| |||529,195| 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|128,320|(91,185)|37,135| |**TOTAL FUNDS**|128,320|(91,185)|37,135| Page 9 continued... **The Hindu Temple - Bristol** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023** ## **10. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2023. 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
**Investment income**
Bank interest
**Total incoming resources**
**EXPENDITURE**
**Other**
Functions - expenses
Food, drinks and rations
**Support costs**
**Management**
Wages
Social security
Rates and water
Insurance
Light and heat
Telephone
Printing, postage and stationery
Cleaning and sundries
Repairs and renewals
**Other**
Plant and machinery
Fixtures and fittings
Total resources expended
**Net income**|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2023**
2023
2022
£
£
6,593
6,921
1,078
2,570
30,430
24,157
5,355
-
-
1,077
16,415
10,949
480
-
5,380
8,638
100
100
65,831
54,412
5,289
2,788
71,120
57,200
1,241
-
1,057
1,301
2,298
1,301
17,332
16,556
49
-
662
402
2,349
1,857
3,653
3,842
765
671
377
430
755
969
24,202
2,955
50,144
27,682
912
900
3,872
4,076
4,784
4,976
57,226
33,959
13,894
23,241|**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2023**
2023
2022
£
£
6,593
6,921
1,078
2,570
30,430
24,157
5,355
-
-
1,077
16,415
10,949
480
-
5,380
8,638
100
100
65,831
54,412
5,289
2,788
71,120
57,200
1,241
-
1,057
1,301
2,298
1,301
17,332
16,556
49
-
662
402
2,349
1,857
3,653
3,842
765
671
377
430
755
969
24,202
2,955
50,144
27,682
912
900
3,872
4,076
4,784
4,976
57,226
33,959
13,894
23,241| |---|---|---| |||| |||54,412
2,788| |||57,200
-
1,301| |||1,301
16,556
-
402
1,857
3,842
671
430
969
2,955| |||27,682
900
4,076| |||4,976| |||33,959| |||23,241| This page does not form part of the statutory financial statements Page 11