REP RTOFTH NCIAL S NDED TrUSTE EMENTS DECEMBE AND 202 HREE ANATAN IAANDIR & COMMUNrrY CE Page 1 NC L STATEMENTS FOR TH 31 CEMB R20 CONTENT Charity infomiation Twstees Rewi Ir*nd6nt Examinetrs Report statement of Finan(aal Ac*wtses Balance Sheet Notes to the accourrt8 14 Page 2 ilk M*nag•m•nt Commltt Prn8ld•nt Vl¢• Prn•ld•nt Rarnartihai C Bart)er, MBE,DL Anilbhai Chauhan lllaben Majithia ( Until 7th May 2024) Bipirt)hai Pannar Prabhabon Pankhanla { Intwlm) Daxbhai Kandoi Nareslknhai Vaghela ( Until 7th May 2024) Asststant Socrelary Tr•a$ur•r Asslstant Tr•a•ur•r Publlc R•lAtlonshlp Offlc•r Ushmaben Kotecha Mahendr*)hai Makwana ( R88iW8d 13th SeF Naliniben Marthlia Prakashbhai Rath(xl Prafvlbhai Patsl Rajubhai Sdanki Darsheettkni Chauhan ( Rwned 25th Juty 2023) ShoLthaben Tri￿dI Cwtsd M•mb•r Suryakathw Chauhan Ashokbhar Patsl Holdlng Trust Jivanbhai C Patel Chaimian Jashvanllal R Chwhan, OBE Serntsry Chandubhai Tank bhooli￿n Acharya Charlty Numb•r 500704 Chartty Offlces 84 Weymouth Streot Le1￿ter LE4 6FQ Indopond•nt Examinw K G Solanki & Co. Chartered Accountants Hamilton House 315 St Saviours Road Le1￿$ter LE5 4HG Banke National Westrninstsr Bank plc Page 3 HREE ANATAN IAANDIR & COMM ENT REPORT FTHETR STEES FOR THE YEAR ENDED 31ST DECEMBER 20 The Trustees 5￿Mil their annual report and the 1ndep8ThJ￿lty e￿in￿d finan(xal statements for tho year ended 31st December 2023 The members have adopted the w0visi(K￿ of Staiement of Re¢Thent th Ihe bank accounts. The treasurer provides monthty financial statements vthich are ewained to the manageffwrt (wimittee and are open for memberfs inspection after giving a reasonable ￿rItten noti(x. Pago 4 SH SANA AN MAN MUNITY CE REPORT OF THE TR FOR THE BE Organl8atlonal Structurn Shree Sanatsn Mandir & Communty Centre has a trust board c¥JMprisirvJ of elocted 4 mwt)bers, and management ¢¢ynmittee of 16 ele¢ta4 members who meet regularly and oversee the Charitys day to day Nnning and rv•ppnTJlblo •tyawtG ditEGiion ano p(XlGy QT Manair al￿ Gommunty Gentrè. The Management Board as a tewn vtith 8 Sd￿78 of delegatic￿ in th to ￿SUre the thanty deliver8 and maintsins the serwces Spe￿fied. The members of memb8rs (￿nSI$llng of 7 Board memb8r5) overn80 tho day to day running ofthe MarKlirlthanty and maintsin intemal corrtrds of the tharity. Tho Charity and carries out swt cheths on timely basis to ensure ￿ c4)mF4iance vath contrds. ObjoCtlv•s and A￿l¥rtI The objeds of the Charity are to pr(￿Ote HiThJu rnligion and culiure in the ryty of Leicekn. These obj.ects are ac*ieved by pMMding a place of *Thship . corKlucaing relwious servi(x8. (xlebraiing religious festivals and providing EduotitX7al, Cultyjral and Social Athities for the Communlty . It also probid85 educstional visits to Schools, uni¥ersity students. tea(*￿& poli(x etc for better UrKI￿3￿ndIn9 of H1￿JU falth arKI how it works ￿h8$￿velY ￿1th other faiths. Resour￿ are also employed to pr￿Ote language, literature arKI music instrudions and disuJssions are also cMducted wularly on religious princi*s. Funds are collecAed through voluntary donaliong to finance Charitjls aLtvlties as well as from the hiring of th8 hdl facifrties lor relwious fvn¢tions and ¢ddings. The Mandir also Novtdes day care servi￿ *ith meab for eldety disabled Fwyon& Aehlev•m•nts and Performan Due to Co•Ad19 restrictions Ihe temple arKI day care Servi￿ vRre shut ftjr a maiorTty part of the ￿ar. With the help of Govemment grant aid. armd diligent bjdgets'ng th8 charity manag•J to keep its head above wat despite extremely difficuft Cc¥)ditic￿s. The trustses are gratsfvl to the Management Ccffimitiee and other voluntews again thls year are involved in Servi¢￿ provision. charity events and fund rasiry. It has rK)t been poGsiU8 to quantify the volunteer hour5 provided in the year. Extra ad1vil￿ to Support the wlnerable adulls and th￿dIen to er￿re no one felt isolgted or exduded. Activity pad(s ft)r the ekJers,pid( up and drop off seryice of Medicati￿ & essential shoppry & telephon8 support h8lFAine, food banks and holiday 5th￿e tr thildren ￿ FSM (Free school meal) through Holiday Acaivty Fund scheme. Flnanclal R•vl•w The Statement of Financial Activities shows net defi(xt in I￿Yne for the year of £96,516 and restrictsd aFMJ unrestricted reserves stand at £3.659.495 in total. Due to Teduction in support from Local authorilies Shree San*an Manavta Day Care Servicw h88 shcthn a d8ficii for the year of £89,557 (2022 £63.773) The tru5tee8 have agreed this year to transfer Nd { 2022 £Nil ) to a (knsynated lyJlldiThJ maintsnan( Details of movements in Fixed Assets are set out in nrte 14 to the ACc￿rrt$. T1￿ Freehold land and buildings are not valued at a matsrially different sum from that sum shuwn in the accounts and no depreaation is provided rm tlwn since the market TAthith has not b9￿ quantified far excéeds the book value. Prlnclpal Fundlng Sour¢¢s The charitys sources of inccme arise the donatFons fr(Yn the dev(rte8s atterKling the temple for various religious functions and festiva15 as ￿11 as fr(m the hiring of the cxxnmunty centre arKI templ8 facilities. The temple provides day care services *ith meals for elderty and disabled ￿rsOn5 ft)r whith y receive contributions from the 60cial services and tho Ser¥1￿ userB. Page 5 HR TAN NT REPORT OF THE TRUSTEE FOR EN 31ST D CEMBER 2 Inve8tment Pollcy Th8 trustees have ptrt sur￿uS rnoney on irrterest beariTrJ de￿11 aco)unts, whlch intwd to contlnu8 In the forese8abl8 future. Rtt•rvtt Pollcy It is the pdicy of the charity to maintwn unrestrided funds. *tiich are the free reserves of the chaiity at a level is required to meet Its ol'e(Aives of awroyimately six months unrestricted w>endiiure. This provides suffiaent funds to cover management arKI administrative ￿$ts for the charity. The Board reviews this periodically. Plans for fuiur• p•rfod• The charity plans continuing the adivrfies 1X￿1n0d above in W￿ul[￿j sears sutyert to obtsining satisfactory fundlng arrangements. RMponsibllltlM of Manayment Board STAT ENT Tru TEES. RESPONSIBI The twstees arn required under the Charitses AGt 2011 to Fyeparn fknan(aal Statem￿ for eaL* I[nan￿lI year bthich give a true and fair VI￿ of the financial adiwbes of the charity and of its financial position at the end of that year. In preparlng thoue financi81 statem￿. the trustees arn reqiir•J to . select suitable accounling pofici6s and awly th￿￿ cortsistenty. - make judgements and estimates ltr￿ are reasonable aThJ pr . stats whether applicable acwjntiro stsndards and statwnents of reryynmen￿ waL*'r** have been follu**d, subject to any departures dtsdosed and exFlaIr￿ in the financial statwnerts; - prepare the financAal statements on the goiThJ ￿nCern basis unless it is inappropriate to presume that the tharity *ill continue in operation. Th8 trustses 8re respcmsit48 for m&ntsining proper accountlng racords whlth (fisdose vlth reasonable accuracy at any time the financial ybon of the Charity and vthic* are suffiaent to shty and explain the Chari￿$ transaGlions and to onabfe them to ensure that Ihe financial statements comKAy ith applicable law and regulations urthyer tr£ Chartbes A( They are also responsI￿e for safeguardiry the assets of fI￿rity and for ￿ng rea%￿able steps for the prevention and détedion of fraud arKI other irregular￿8$. The trustees are also responsible for the contents of the trustees. rewt and the responslNIty of the independent exami￿15 in relation to the trustees. report is firntted to examining tho report and ensuri tha( on the face of tre reporL there are no infx)rnisten¢ies *ith the figures disdosed in the financlal Indopondent Examlner A resolution propwng that K G Solanki & Co Chartered attountarts be rwpointed as irKIe￿dent examiners of the tharity will be to Annual Gemral Meeting Approval This report was approved by the Tntst board on i l• Zr>J¥ ands d on its behalf . Chau an, OBE Page 8 HRE IND SAN AN DI NT MIN ACCOUNTS FOR HE ENDED CEMBER co EN RT l report on the accounts of Shree Sanatan MarKlir & Commuiwty for tho year endod 31st December 2023 , vthid) ara sat out on pages 7 to 14. R•speelv• rn*ponslbllltl•• of tru•l•M and examlner The charivs trustses are r8sponsible frKthe 1xeparati￿ of the 0¢￿￿nt* The chaiity's trustees consider that an autfrt ￿ not rw4uired for this (under Sed1(￿ 144(2) of Charitie$ Act 2011 (the 2011 Act) a￿1 that an indopendent examination is n88ded. The Charitys gn)ss incom8 did not excoed £1,Cl)O,C(Q and l am qualified to undert4(e the exanination by belng qualified member of Institsjte of Chartered Acwintsnts in England and Wales. Having been satisfied that the tharity is not suty'eci to a￿lit and is e1￿ible ts i￿ndent examination It is my reaponsibilty . to ex•nine the accounts under section 145 ofthe 2011 Art to foll(rw the pro(xdures laid in Gorwa Direclions gr4wn ty Charity Commission under secti￿ 14515){b) of the 2011 Art arKI to stato I*￿ther partiwler matters have QKne to rny attenli Basls of Ind•p•ndent •xarnlnoV8 r•port My examination was ￿rned out in a(t4ydarKX the Genwol Dirn(ai(w given by tho CfArity Commission. An examinatlon indthyes a review of the acccmmtlng records kept by the c*arity and a c￿nparisOn of trE accounts presented those ￿M)rdS. It also Indudes consider*Ic￿ of any unusual items or disdosure$ in the accounts , arKI seekiThJ ewanations fr(ffl you as trustees conceming any suth matters. Tho proc*dures undertaken do not provide all tre a¥idenr* that*ould be required in an audi( and consequently. no opinion is given as to Ythether the a￿oUnts wesent a kn and fair aNI thè report is limited to those mattw5 set ¢xrt in the statern￿ bel￿. Ind•p•ndont examinorf• ¥tatem•nt In connedion vfith my examination. no matter has c¢)rne to my attention: {1) vthich gives me reasonatlo cause to believe that , in any material resrt the requirements.. to keep accounting rg>)rds in accordance vAth sècaion 130 of tre 2011 Art and acc￿nting reqUireM￿ts of the 2011 Act have rKrt been meL or {2) to vthich , in my , attenlion shgukl be Trn order to enable a urKlerntsnding of the accounts bè reathd. K G SOLANKI. LC. K G SOLANKI & CO. Chartered Accountant 315 St. Saviours Road, LEICESTER Page 7 REE ANA TATEM THE FINANCIAL ACTivmES NDE MBE INCOME AND ENDOWMEKfs FROM Unrnstrithd 2023 2Q22 Donations and ￿3cleS Grants recewed Charitable aCtiV￿e$ FurKI raising ventures Income from investsnents other incomirKJ Resour￿$ 139,072 139.072 92.024 13.392 9,905 133,948 2,551 125,460 2,601 2.551 125.460 2.601 41.960 Totsl Incom• 339.494 339,494 291,825 EXPENDrruRE ON Direct charitable ex￿di￿re &10 163.￿2 163,982 91.772 GoNYmance costs 11 10.016 10.016 12,320 Other Ex￿￿lIU 11-12 233.488 Total •xpondlluT• 436,010 436.010 337.580 {96.516 96.516 45,755 ,516 96,516 ,755 124,4(Kl 3.831.611 3,756.011 3,801,786 TrANSFER TO MINIBUS REPLACEMEPU RESERVE TOTAL FUNDS CARRIED FI)RWARD 124.41x1 3.535,095 3,659,495 3.756,011 note8 on pages 9 to 14 f(xrn wt of accounts Pag8 8 EE AT ce DI AT NTR T DECEMBER 2023 2022 FIXED ASSETS Tangible Fixed Assets. UnrestrTC NOTES 14 3,323.545 QVIVIENT AoaEr• Debtors & prepayTn8nts Cash at bank arml in hand 15 16 1.250 386.757 476,501 388.007 476,501 Credftor8: amounts falllng du• withln on? year 17 27,057 22,810 27,057 22,810 453,691 3781,011 NEf CURRENT AS8ET8 TOTAL ASSETS 360.950 3.684,495 CAPITAL R•8lrfcled funds Dmlgnatsd Unrestrlcted fund• Unre*lrfcted funds 18 19 19 25.IX)O 25,000 124.400 &631.611 124.400 3.535.095 3,659.495 3,684.495 3.781,011 Thu• fln•nclal •tat•m•nts approv•d by th• M*Mglng Commlit•• atth• G•n•ral IAg•tlng held on14 July 2024 and slgned on Its behalf by: . Tr•a•ur•r Ramanbhal C Barb•r. AIBE,DL Prabhab•n P*nkhnla I nterfm) VI￿ Pmldont Anllkumar Ch•uhan Tho notss on pages 9 to 14 forn part ofttw aco)unts Page 9 RE SA NOTE TA TO rry CE cco CEM 1. ACCOUNTING POUCIES The principal a¢counting policies are swnrn8ri8ed be￿. The a¢countirvJ p￿￿leS have t*en appl￿d conslstentty throughout the y*ar arnl in the precerfing ￿r. (a) Basls of accounllng The acuunts have been prepared on a going cOr￿M basis. under the historical cost convention . The financial statements of the thar￿1 , a pubfic benefit entity undar FRS 102. have been prepared in accordance ￿ryth the Charties SORP(FRS 102}.A￿lnting and Reporting by Charilies.. Statement of Recommendad Practice appr1￿18 to tharibes preparing their aC(￿Unts In accordan* The Flnancial Reportlng Stsndar(l applicable in the UK and Repuwic of Ireland (FRS 102) {effective 1 January 2018). , Finanlial Rewbng Stsndard appficable in tho UK and Repubfic of IrelaThl and the Charities Art 2011. (b) Fund a¢¢ovntlng Unrestricted funds we avail**le use atthe ths1*eti￿ of tho managwn￿l Ciynmittee in Iwthwance of the general L*le¢￿ of the tharTty Designated lunds are unrestricted funds eamiarked by the Ma￿￿6ftt C(ffimittee for partI(￿lar wrwses. During the year ended 31st Decernb8r 2023 thore ￿Te designated funds of £ 124,400 (2022 £ 124,400). Restri¢*ed funds are s￿je¢t8d to rnslridi¢ms ￿ tr￿r ex￿￿t￿e ImFX)sed by the donor or through th8 tomis of an a[￿81. (¢1 In¢om• All income is recognised in the Statwnent of FinarKxal ActrVil￿ CXK* ts dlarity h8s enbtl*nent to the funds and the amount be quantif*d wth reasonth accajracy. The follokning sptiofic policies in particular are applied to (*9m of income: {1) Voluntary income is received by way of grants, donatiryB and gits and is induded in full in the Ststwnent of Financiai Actibitss f￿1v￿ . Grdrrts , vknere entitlement is not conditional on delivery of a spèufic FerfomiarKX by th8 charity. are recognised vrt￿n the tharTty becomes unconditionalty anti￿ lo the granL 12) The value of sop4i(xs wowded by volunteers has not been induded in tlwe acu)unts {3) Inve&tmènt income ts rndLrtYed rpix%*ble. {4) Incoming resour￿ frcrtn grarrts. related io wfOrnar￿ 8rKI speafic deliverables, (d) EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructvo obligation committing the chaiity to that expendI￿re. it is probable that a transfer of er￿0m￿ benaffts ￿11 b8 required in sèttlement arKI the amount of c￿lIgatIOn can be measurpAJ reliatty. Expenditure is accounted for on an acryuals basis and has baen Classif￿ under heading that aggregate all cost rnlatsd to the category. When costs cannot be directy attributed to particular headirwJ tr have been alloc8ted to ac11v￿e$ ￿ a basis consistent hryih the use of resourc*s. Eywid1￿re Indudes attributth VAT *thich camot be recovernd. {1) Costs of generating furKls c(Mnprise the cost as8ou￿ ￿lIti attractiiYJ voluntsry income and Ihe costs of trading for fun&raising purpose& Page 10 REES co rsF END (2) Charitsble expenrfi￿re c4)mpiises th08e costs in￿j￿red by the charity in the ￿1very of its activities arKI servirns its boneficiaries. It indudes both (￿sts that can be allocatsd direc* to suth activths and those costs of an indired nabjre to SUFWt them (3) Govemance (￿￿ts indude ilme costs a$S￿l•ted meetirvJ tho conststulional and stattrtryy rnquir•nents of tho charity and indLth wofessional fees and ¢osts Ilnked to stratsgic managemwrt of chafity {4) All costs allocated betwTen expenthre c4tsgori8s of tho statem￿ of Fina￿4•[ Acbvities aro on a basis designed to reflect the use of the r8souTh. Costs relating to particular athfjty ale allocated (firecty. Othe￿ are apportiomd on an aFpropn* basrs. (d) TANGIBLE FIXED ASSETS AND DEPRECIATION Dep￿lation on fixed assèts have been provided on lolkming basis in onler to Freth)Id land and buildings Fixtures and equiwnent Minitr￿S 15% on reduGing balance basis straight Ine basis No depreciation Is pmvided on freeh(Ad buifthrtrp ar￿ d8ities Glven the nature of freehold ljjildings w7d Fts ewerted lryifjty, the ¢onsiderthe eclation wll b& not material in rèswt of the w wrfl in agsyegate. (e) GOVERNANCE COSTS Thrs includes costs of the yeparntion and exaninalion of statutory accounts. the costs of trustee l Donatlom and l•gacle¥ 2023 2022 Fund$ Funds Total Total Donation8- general Donations- buildirg Donations- gtft aid tax fepasynent 124,390 3.￿3 11,679 139,072 124.390 11,679 139,072 12.022 92,024 3. Grnrrts ye￿7¥•d Sanatan Communlty & L•l8ur• Centr• Leiixter Crty Cowjcd grants Olher grants 300 300 300 Shr•e Sanatan Mandlr Leicester Cty Council Grants 13,092 13,092 Totsl 13.392 Pag811 RE DI OTES T AC ou ENDED 31ST DECEMBER CE Designated Unr•stsided 2023 2022 Charftable Tradlng Funds Funds Total AdvertisirKJ inccme- panthan￿￿natsn Sandesh adverfisirvJ 2,551 2,551 2,551 2,551 9,905 9,￿5 6. Fund rai¥lng v•ntum Festival incxxne and other adivlties Smriti Dln 57.368 1.661 59.029 1,661 755 50.161 Manavta Day C*r• C•ntre Income: Leicester Cty Council SocFal Cere grarrt Users. contribution e6.431 e6.431 66,431 83,787 Totsl 125,460 125,460 133,948 6. IncrMn• from Inv••tsn•nt Bank interest re￿1vable 2,601 2.601 7. Oth•r Ineomlng r•8oure•s H811 hire Tem 48.269 16,622 35,531 5,180 18,622 Membershlp fees Or(l￿ary arKI Lite 1055 1,249 41,960 & Dlrnct Charftable expendliure Premises repair5, insurance ar￿ utifty ew Less Insurance daim Donations made FurKkraising ventsjre exrAnses 159,978 (39.056> 779 159,978 (39.056) 779 73,059 Nots9 34,861 34.861 7,4C 183.962 11,863 6,350 91.772 Other expen￿. Note 10 163.962 9. Fund4al8lng v•nlur• wondltur• Festival expenses Subscriptions and affifiation fees 34,811 34.811 11,863 34,861 34.861 11,863 Page 12 HRE ATAN IAAN TEST ACCO FOR THE Y DED T DECEM8ER 2023 Total 2022 Totsl 10. Charftabh Trndlng •xpendltur• Funds Funds 7,400 6,350 11. Other Expondliur• Salaries Tekphone.primlng.F￿Iagfr & 8taknery Deprwaation Bank Charges Manavta Day Care Centre eyr Note 12 93.621 2,924 4.273 727 93.621 2.924 4,273 727 80,057 1,329 4,940 1￿.487 262.032 160.487 262,032 146.802 233,488 Governance Co8t4 Irrtlependent ex￿1￿ fees M8ndir Martavta Day ca￿ Cenlrn Training costs Legal & Professronal fe88 Trustee indemnty cover 1.224 678 1,224 678 1,482 1.291 7.014 650 10.016 7.014 8.897 10.016 12.320 11 Manavla Day C•r• C•fttr• EXpondI￿r• Salaries Premis05 expenses Catering & vc4unt8ern expenses Minibus expense5 Cleaning Administration 115,934 13,1 6,440 8,121 5.431 11.365 160,487 115.934 13.1 6.440 8.121 5,431 11.365 160,487 97.581 22,527 12,696 5,840 5,636 2,322 146,602 Page 13 SHRE SA NOTES TO ACC ND 31 CENTRE UNT FO CEMB 13. Employ•e Emolumonts 2023 2022 Wages & salaries Social security costs Pension costs 205,325 1,675 169,079 2,549 8,010 209.555 14 Average number of emFqoye88 14 1& FIXED ASSETS UNRESTrICTED Freehold larKI & bhjgs Flxtures & Minitxts equiFwnent Total C￿t At 1st January 2023 3.283.274 16.054 254.325 11,0(M) 3.564,653 Addilons At 31st D￿ernber 2023 498 254.823 498 3565,151 3,283,274 11.000 Doproclallon At 1st January 2023 226,334 10,999 237,333 Provided in the year At 31st De(xnber 2023 4.273 230.607 4,273 241.6C6 10.999 N•t book valu• At 31st De arKI its eXFfjCted long8vity. Ihe trust￿ crThidér that the depreciation wll not be rnaterial in respw* of the year and in aggregate. 2023 2022 16. DEBTORS 1,250 1.250 Page 14 AT MUNrrY FOR T MBE cc END DEC 202 16. CASH AT BANK AND IN HAND 2023 2022 Ca•h at bank- Mandfr- Noiwvst Cash at bank- Mandir- Nat*pst- Prfft Maintenace ReseNe Cash at bank- Sanatan Communty & Leisure Centre- Nat￿t Cash at bonk- Manavta Day Care Centre- Nai*Est Cash at bank- Manavta Day Care Centre- Naiwest Reserve account Cash at bank- ManaNta Day Care C￿tr?- Nat¥•BSt- Designatad fvnd Cash in hand- Mandir Cash in hand. Manavla Day Care C 159.886 101.212 44.072 56.070 161,420 100,IX)O 130,028 16.067 24.400 1.229 24,400 705 412 386,757 476,501 17. CREDrroRS: amounts f•lllng duo vrtlhln on• yur Donations colleded for relief for any naiural calamities ACC￿lS & prepald inGom8 4,051 23.oc 27,057 4.051 18. CAPITAL- RESTRICTED FUND Restricted Funds Totsl Balance at 1st January 2023 Donalion received Balance at 31st Decernber 21r23 25,rA)o 25.CMXI 25,000 19. CAprrAL - UNRESTRICTED FUND Manavta Property PAnlbu* MaintenarK* Reserva D85ignated UnrostriGted Other B8lan(* at 1st January 2023 Net defiot Balance at 31st December 2023 24.41x1 100.ri)o 124,400 3,831,611 96,516 3.535.095 24,4(Ki 100,0(NJ 124,400 20. TRANSACTIONS byrrH RELATED PARTIES No payThents V•we made to any other trustees or management committsè d￿1r0 ts year (2022- £NII)