The Indian Association Cheltenham (Gloucester) Hindu Community Centre 64 Swindon Road, Cheltenham, Gloucestershire GL514AY Telephone: (01242) 584250 Email: tiahcc2012 hotmail.co.uk REPORT OF THE TRUSTEES FOR YEAR ENDED 31ST MARCH 2024 Charity number: 293297 Charity Name: THE INDIAN ASSOCIATION CHELTENHAM (GLOUCESTER) Charity Address: HINDU CCJMMUNITY CENTRE, 64 SWINDIN ROAD, CHELTENHIIM, GLOS; GL50 4AY Trustees: 1. MR MINAND A ODEDRA 2. MR HASHMUKH CHAVDA 3. MR NARAN J PATEL 4. MR PRAKASH PATEL Structure, governance and management: The Indian Association is managed by a Management Committee comprising of fifteen committee members. The Management Committee is appointed by the members of the Indian Association, Cheltenham at the Annual General Meeting. In addition to that Management Committee, there are four Trustees appointed for a term of five years. In accordance with the Constitution they have to retire after serving the five years term. Financial review: The Management Committee and Trustees have appointed an Independent Examiner to examine the accounts of the Indian Association of Cheltenham. The Examiner's report for year ended 31 St March 2024 is being submitted with this Trustees report. The Management Committee and the Trustees are satisfied that the Indian Association's finances are satisfactory. All correspondence addressed to the honourable secretary Registered charity number: 293297 The Indian Association Cheltenham (Gloucester) Hindu Community Centre 64 Swindon Road, Cheltenham, Gloucestershire GL514AY Telephone. (01242) 584250 Email: tiahcc2012 hotmail.co.uk Objectives and activities: To meet the charity's main objective in providing religious, cultural, social, recreational benefits to the members of Hindu community in Cheltenham and the surrounding districts. The Association has concentrated its activities this year on a project to raise funds that are required for external repairs and renovation of its aging premises. The ongoing programs in education, arts and sports have managed to continue, benefiting the young and elderly section of the community members. Achievements and performance: The assooiation's team of hard working volunteers together with thp, members of the management committee have successfully completed the year with a full range of religious, cultural & social activities for its members and their families. The enthusiasm and efforts of all the volunteers and the generosity of the members and funders have resulted In keeping the association financially stable and running smoothly. There have been good response from external funders in support of our building repairs project funding applications. It is planned that, with successful fund raising efforts, the updating and maintenance of the Associations building and premises will be completed by the end of next year. This year the weekly day care group for the elderly and frail members continues to expand and is running satisfactorily. Signed: Mr. M A Odedra: Mr. H Chavda Mr. N J Patel: Mr. P Patel. Date: 01/10/2024 All correspondence addressed to the honourable secretary Registered charity number: 293297 Registered Charity 293297 THE INDIAN ASSOCIATION CHELTENHAM GLOS ACCOUNTS YEAR ENDED 31 MARCH 2024 THE INDIAN ASSOCIATION CHELTENHAM GLOS TATEMENT OF TRUSTEES, RESPONSIBILITIES YEAR E ARCH Trustse'8 Responsiblljtles In Rolation to the Flnanclal Statements Law appIl￿ble to charities in England & Wales requires th8 trustees to prepare financFal statements for each financial year which give a true and fair view of the tharity's financial acttvities during the year and of its finanual postlion at the end of the year. In preparing those financial statements, the trustees are required to.. Se1￿ suitable accounting policies and then apply them consistently,. make judgments and estimates that ar6 reasonable and pruderrt. stale whelher applicable acry)unting standards and statements of recommended pract hav6 b8en followed subject to any departures disdosed and explained in the finanaal statements; and prepare the financial statements on the going ￿nCern basis unless it is inappropriate to presume th8t the charity will continue in business. The trustees are responsible for keeping accounting records which disdose with re8sonabl6 accuracy at any time the financial position of the charity and enable them to ensure that the financial statements cLJmply with the Charities Act 2011. They are also responsible for &￿eguardIng the assets of the charity and hence for takEng reasonable steps for the prevention and detection of fraud and other irregularities. THE INDIAN ASSOCIATI N CHELTENHAM GL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE INDIAN ASSOCIATION CHELTENHAM GL CHARITY NO: 293297 I report on the accounts for the year ended 31 March 2024 set oui on pages 3 to 8. Responslbllltles and basis of roport As the charity trustees of the Trust you are responsible for the preparation of the acwunts in aco)rdance with the requirements of the Charitl8s Act 2011 (the Act) and you ￿nsider that an audit is not required for this year and that an independent examinalion is needed. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appli¢3ble Diredions given by the Chaiity Commission under section 145(5)(b) of the Act and to state whether particular matters have come to my attention. Independent Examlnerts Statement I have compl8ted 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 ofthe Trust as required by Section 130 of Ihe Act,. or 2. The accounts do not accorrl with those records. I have no COn￿rnS and have come across no other matters in connection with the examination to which attention should b8 drawn in this report in order to enable a proper understanding of the accounts lo be reached. The pmcedures undertaken do not provide all the evidence that would te requir&J in an audit, and consequently I do not express an audit opinion on the accounts. COLIN F HARWOOD ERTIFIED PRACTI ING ACCO 4 Keynsham Street Chemenham Glos GL52 6EJ NTAMr 24th June 2024 THE INDIAN ASSOCIATION CHELTENHAM GLOS RECEIPTS AND PAYMENT ACCOUNT FOR THE YEAR ENDED 1 MARCH 2024 A. UNRE TRI TE FUND 2024 2024 2023 2023 Life Membership Fees Annual Membership Fees Festival: Incom& Expenses Satsang and Donations Bank Inter8St Hire of Hall & Faalities Badminton Yoga Zumba Language Classes Fund Raising In(xvr Expenses Donations Other Causes Income Expenses Fund Raising Catering Income 6,563.50 Expenses (1,518.18) 901.00 1,070.00 4,851.93 (1,510.54) 11,949.47 324.11 2,632.00 323.00 96.00 165.50 195.00 744.60 {125.5n 1,400.00 880.00 4,185.27 (1,239.26) 12,625.01 58.65 2,088.75 88.00 157.00 210.00 6,390.50 (988.47) 5T7.07 (577.07) 26,661.82 25,855.45 PAYMENTS Rates and Water Light and Heat Telephone Insurance Repairs and Maintenan Professional Charges Printing, Postage and Stationery Warm Spa¢es :Expenses Grant Received 1.185.47 10,247.08 843.66 2,210.25 4,034.55 480.00 80.43 503.68 (500.00) 990.81 4,747.93 727.50 3,361.19 6,095.85 1,060.00 88.79 19,085.12 17,072.07 EXCESS OF RECEIPTS OVER PAYMENTS Note 4 £7,576.70 £ 8,783.38 E INDIAN ASSOCIATION CHELTENH GL CEIPTS AND PAYMENT ACC UNT FOR THE YEA NDED 31 MARCH 2024 ESTRICTED FUND 2024 2024 2023 2023 (i) Temple Building Fund Receipts '. - Building Society Interest (Gross) (li) Capaclty Buildlng Fund Grants Received Less.. &xpenses 700.25 (357.05) (79.99) (357.05) (79.99) (iii) Wednesday Day Care Centre Fund Grants Received Fund Raising Less: Expenses 2.599.51 {2.204.81} 439.55 (1.496.24) (Iv} Friendship Carers Fund Granl Re￿IVed Less: Expenses 394.70 {1.056.69) 500.00 (500.00) {v) Thriving Communities Fund Grant Received Less: Expenses (500.00) 500.00 3,500.00 (1,089.98) (vi) Enovert Community & Sevem We Energy Trust Grants Received Less: Expenses 2.410.02 (240.00) (434.52) (vii) Health & Wellbeing Fund Grant (To be received £2,600.00) (240.00). (434.52)" (300.00) (300.00) EXCESS OF RECEIPT OVER PAY ENTS (Note 3) £ (1,035.14) "Note re Item{vi)'. This Fund can only be used in future for Boiler Maintenance and Serviang. £ 2,107.92 THE INDIAN ASSOCIATION CHELTENHAM GL STATEMENT ASSETS AN IABILITIES AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS 23,245.38 23,245.38 CURRENT ASSETS Cash at Bank Cash in Hand Building Society Deposits 64.266.78 55.282.41 72,850.19 72,149.94 137.116.97 127,432.35 Less.. CURRENT LIABILITIES NET CURRENT ASSETS 137,116.97 127,432.35 TOTAL ASSETS LESS CURRENT LIABILITIES 160.362.35 150,677.73 NET ASSETS £160,362.35 £ 150,677.73 Represented by: FUNDS Restricted Unrestricted Undistributabl8 77,635.36 59.481.81 23,245.38 75,527.44 51,904.91 23,245.38 £160,362.35 £ 150,677.73 The Accounts were approved by the Manageff*nt Committee on 241h June 2024 ar￿ signed on behalf by: President Treasurer THE INDIAN ASSOCIATION CHELTENHAM GL TO THE ACC NTS AS AT 31 MARCH 2024 I. FIXED ASSETS 2024 2023 Radha Krishna Deities at Cost Amba Maa & Shivling (Donated) 2,000.00 2,000.00 2,000.00 2,000.00 Leasehold Property at Cost Less: Grant from Chdtenham Borough Counal 45,000.00 45,000.00 45,000.00 45,QiJO.QO Property Improvements 8t Cost Less: Grant from Cheltenham Borough Coun￿[ 20.993.12 2,000.00 20,993.12 2,000.00 18,993.12 18,993.12 Plant and Equipment at Cost 494.95 494.95 Furniture and Fittings at Cost 779.37 779.37 Office Equipment at Cost Less.. Grant from Commission for Racial Equalrty 1.090.89 1,000.00 1,090.89 1,000.00 90.69 90.69 Sports Equipment at Cost Less.. Grant from Cheltenham Borough Council 287.25 70.00 287.25 70.00 217.25 217.25 Medical E9uipment at Cost 670.00 670.00 £ 23,245.38 £ 23,245.88 2. BUILDING ￿)CIETy DEPOSITS 2024 2023 These comprise:. General account Temple Building Fund account 72,850.19 72,149.94 £72,850.19 £ 72,149.94 THE INDIAN ASSOCIATION CHELTENHAM GLOS NOTES T THE ACCO NT ntin AS AT 31 MARCH 2 24 3. RESTRICTED FUNDS The funds of the Association indude restricted funds of unexpended balances of donations and income held for specrfic purposes as follows.. 2024 2023 Tem le Buildi Fund Fund Brought Fomard ExLEss of Receipts over Payments 72,149.94 700.25 72,113.88 36.08 Fund Carried FoFward 72,850.19 72,149.94 Ca acit Buildin Fund Fund Brought Forward Excess of Payments over Receipts 323.61 (357.05) 403.60 (79.99) Fund ca￿led Forward {33.44) 323.61 Wednesd Care Centre Fu Fund Brought Forward Ex￿SS of Receipts over Payments 471.33 394.70 1,528.02 (1,056.69) Fund Carrled Fo￿ard 866.03 471.33 Friendshi arers Fund Fund Brought Forward Ex￿sS ot Expenses O¥Er R8C8iPts 1,000.00 (500.00) 500.00 500.00 Fund Carried Forward 500.00 1.000.00 riwn Communities Fund Fund Brought Forward Excess of Receipts over Payff6nts 2,410.02 Fund Carrted FopNard 2,410.02 Enovert Communi & Severn Fund Brought Forward Excess of Receipts over Payments eEne Trust 1,582.56 (240.00) 2,017.08 (434.52} Fund Carried Forward 1,342.56. 1,582.56" Health & Wellbein Fund Exces8 of Payments over Receipts (300.00) Total Restricted Funds £77,635.36 £75.527.44 ole '. This Fund can only be used in future for Boiler Maintenan* and Servicing. E INDIAN AS OCIATION CHELTENHAM GL NOTES TO THE ACCOUNTS continued 4. UNRESTRICTED FUND The income funds of the Assooation indude unrestricted funds comprised'.- 2024 2023 Fund brought foThYard Excess of Recèipts over Payments (Page 3, Note A) 51,904.91 43,121.53 7,576.70 8,783.38 Fund carried forward £ 59,481.61 £ 51,904.91 The Management Committee has agreed to allocate the surplus unrestricted funds as at 31 March 2024 to ongoing spe¢Ffic projects as follows.'- Cultural Activities Building Maintenance Fund Volunteers. Courses (Mandatory) Religious Festivals Gujarati Language Classes 1,718.97 15,000.00 960.00 2,500.00 845.00 1,718.97 10,000.00 960.00 2,500.00 845.00 £21,023.97 £ 16.023.97 6. UNDISTRIBUTABLE FUND This represents Fixed Assets which only be available for general funds if they 8re r&alised. The Association has no intention of realising these assets and this element of funds has been designated Undistributsble. THE INDIAN AS CHELTENHAM LOS INDEPENDENT &XAMINER' REP RT TO THE TRUSTEES OF THE INDIAN AS CIA CHELTENHAM GLOS CHARITY N I i¢p)rt on the acoxK)ts for year erNknJ 31 PAarth 2024 set