Charity number: 505959
The Gujarat Hindu Society, Preston
Trustees, Report and Financial Statements
For The Year Ended
31 March 2022
rnha
MOORE & SMALLEY

THE GUJARAT HINDU SOCIETY, PRESTON
CONTENTS
Refe￿nCe and admnislrative details of the charity, ils trustses and advisers
Trustees, report
Independent examiner's report
Slalement of financial activities
Balance sheet
10
statement of cash flows
Notes to the financial stalefflenls
12

THE GUJARAT HINDU SOCIETY, PRESTON
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR
THE YEAR ENDED 31 MARCH 2022
Trustees
ID Tailor MBE JP DL, President IAppointed 12191211
D H Nayee, Vice President (Appointed 1219121 }
C H Limba¢hia, Secretary lappoinled 12191211
A M Jariwala, Assistant Secretary (Appointed 12191211
B Panchal, Treasurer
N Parmar. Assistant Treasurer
A Limbachia, Committee Member
M Marolia. Committee Member
B Maru, Committ88 Member
K Parekh Committee Member
KC Parekh (Appolnted 1219121. Retired 51121211
D Patel Committee member
U Solanki, Committee Member
R Valand, Committee Member
K Parekh
A Patel
Holding Trustee
Holding Trustee
Charity registered numbar 505959
Prlnelpal office
South Meadow Lane
Preston
PR1 8JN
Indop•ndent audltors
MHA Moore and Smalley
Richard House
Winckley Squ8r&
PT88to
PR1 3HP
HSBC PIC
40 Fishergate
Preston
PR12DP
Bankers
Soll¢ltor$
Harrison Drury
la Chapel Street
Winckley Square
Preston
PR1 88U

THE GUJARAT HINDU SOCIETY, PRESTON
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together the audited financial statements for the year ended 31
March 2022.
The financial statements have been prepared in a¢¢ordan¢e with th$ accounting policies sel out in notes lo th8
a￿ounts and Comply with the charit￿$ governing document, the Charities Act 2011 and Accounting and Reporting
by Charities= Statement of Recommended Practice applicable lo charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland published In October 2019.
Objectives and Activities
a. Policies and objectives
In setting oble¢live$ and planning for aclivilies, th8 Trustses have given due consideration to general guidance
publishèd by th8 charity commission ralating to public bènèfit.
The prlnclpal object of thè ¢harlty, whlch has not changed sln¢8 the last annual report, is lo promote the Hindu
re16glon and th8 culture of the Gularal Hindu Communty in Preston and District. Thè Society is an unincorporated
association.
In order to further ils obje¢tives the So¢iety.-
Fosters and encourages the religious, cultural and intellectual advancement of persons of the Hindu
faith resident in Preston and District.
b. Provides for other charitable purpose in connection with the Hindu Religion.
c. Is aulhorised and empowered lo do all such things as shall be conducive to the attainment of the above
objects and aim.
The Society continues lo attach great importance lo fostering an understsndlng of and relationship with other
communities in the area.
b. Strategies for achieving objectlves
Thg Charfty fulflls Its oblecllves by ensurlng that there Is conllnuous contact and consullatlon wllh
members of the Hindu community lo ensure that their cultural, religious and intellectual requirements are
being supported wherever possible by the Society. The Society produces its monthly Samaj Deep
magazine which is distributed free to all Hindu households in Preston and also posted lo members outside
Preston.
c. Activities for achieving objectives
Rellglous Evonts
The Temple is open lo devotees who regularly attend for personal worshlp. Devotees also attend the major
religious festivals that are Gelebraled throughout the year, for example Shivralri, Ra￿ Navmi, Janamashtsmi.
Diwali, Navralri, Tulsi Vivah, Jalaram Jayanli, together with other minor festivals during the year. We have also
Introduced the celebration of Ganesh Chaturthi and Visarajan. Throughout the year parents are encouraged lo
bring their children lo the regular monthly bhajan bhojan for devotional singing.
Education
The Gujarali mother tongue language school has an enrolmenl of 80 ¢hildr8n laught by 7 sessional teachers. The
school consists of S classes which are run on Saturday mornings. Reception class starts al age 6 years and after
7 years each child norrn8lly attains a GCSE in Gujarali with high grades. Once a year 8 Parents Day is organi5ed
lo enable parents to meet with their children's respective teachers. There is also a Prize giving for high attainment
in each class and a GCSE certificate presentation is made lo the children. On the day children showcase their
talents in educational and cultural interests for their parents.

THE GUJARAT HINDU SOCIETY, PRESTON
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Cultural
A wide range of cultural activities are provlded al the Centre. for exarnple, classical and Bollywood dances for
children and music classos for children and adults.
Each year two major ¢ullur81 events are celebrated at the Cenlrg, India's Republic Day and Independence Day.
At both of these events the ¢ommunity enjoy the presentations given by Ihg children and adults showcaslng the
skills they have learned in the dancel musicl languagel singing classes.
Young children also participate in the annual R8as and Garba competition organisetl by the Hindu Council of the
North and bring homo prizgs for their choreographic talents and best dressed costumes. When invited by
community institutions. young children and ladies perform dances lo share the Hindu culture with the wider
community.
Wisits to the C•ntre
The Society receives visits from schools across Lancashire and Cumbria as part of IheSr Religious Education
curriculum. as an extra- curricular activity and during the SACRE Youth Conference. An average of about 200
pupils together with their teachers visit the Centre per month during term lime.
The Society provides infomiation lo all visiloTS aLx)ut the Hindu Gods, philosophy and way of life. Children are
shown around the Centre and in the Temple where they have Ihts opportunity lo witness at first hand the pra¢li¢e
and religion of Hinduism.
Visits are also receivod from groups of trainee lea¢hgrs, youth clubs, uniformed c¥)ildrgn's groups and groups
from Churches and other public sector organisations.
Every y8ar during the summer and Ou￿Mn, we welcome about 20 coaches of devotees from around the Country
lo have darshan at the temple an¢J bhojan prasadi enroule lo their tourists destinations.
Elderly Luncheon Club
The popular luncheon club for senior members of the community runs on Monday and Friday lunchtimes with an
average attend8ncg of 60 people. This activity enables thg elderly people to have time out at the Centre. meet
their peers and takg part in exercise and share healthy living experiences. Some members are supported in
getting to the Centra by transport provided by Lancashire County Council.
Yoga Actlvities
Yoga acllvilies for health Conscious adults are held threg limes a week and these are open to all adults.
Hall Hire
The Centre is used by thtr Hindu Community for religious, social. educational and recreational 8clwities in the
evenings and weekends. The Society makes the hall available for hire to the community for weddings and other
communal gatherings.
Maintenance
The society this year has further incurred expenses towards painting the main hall in addition to cleaning and
pointing the exterior of the building.
Volunt•ars
The organisation is managed by a team of volunteers from the community who give their time freely and regularly.
Many of the volunlegrs have been trained on first aid and health and safely courses, The Centre owes it's ongoing
success and achievements to the dedication of a large number of volunteers over many years.

THE GUJARAT HINDU SOCIETY, PRESTON
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Volunteers (Continued)
If you wish to join us in conlribuling lo and being part of our communrty please speak to any member of the
Committee. You wll be made very wglcome.
Maln a¢tlvltlos undortak¢n to furth•r th• ¢harity's purposes for the public benefit
The Iruslees confirm that they have referred to the guidance contained in the Charity Commisslon's general
guidance on public benefit when reviewing the charitls aims and objaclivgs and in planning future activities.
Achlovémants and p•rforman¢o
Ravl8w of actlvltlgs
The So¢lety is continuing lo develop its normal social. cultural and educational activities for both mèmbers of th$
Hindu and the wider community. The Iruslees have leased the West Cliff premisas to a housing asso¢iallon who
have now developed and renovated the property as sheltered accommodation for people over thè age of 55.
b. Fundraislng actlvltl•$lln¢om• gon•ratlon
The Society's principal financial objective has been to continue lo ensure financial stsbilrfty. The Society's
operating plan entails maximum use being made by the community of the Temple facilities, and the Trustees
anlicipale that this. together with planned religious, culttjral and other activities will support the continued focus
on fulfilling the Sociells objecb'ves. During Covid the Society used social media platforms lo raise funds for Royal
Preston Hospital to the sum of £7.000 plus for India Covid appeal raised £30,000 which was sent to the Prime
Ministers Relief Fund.
GHS ENTERPRISE
GHS Enterprise Ltd was a wholly owned subsidiary of the Society. The enterprise facilities are used both by
voluntary and publi¢ se¢ior organisations for hire of Ihe conferencing facilities. This ensures efficient use of the
premises during the day lime and al the samè lime generates income. During the year the company was wound
up and all activity is now completed by the charity.
Investment policy and performanc8
The Management Committee has considered the most appropfiale policy for Investing funds and considers that
the investment property held, plus th8 govemmenl savings bonds. rneet their requirements lo generate both
income and ¢apltal growth. The Management Committee consider the return on investments in the year to b&
satisfactory.
d. Factors relevant to achieve objectives
The Society atta¢hes great importancg lo maintaining close and regular contact with both the local communities
and ¢ivi¢ aulhoiities. This is essential in promoting an awareness and understanding of the Hindu reli9ion and
culture. During Covid the Soctety published a souvenir that covered the history of the Society from 1965 to 2021.
The effort was pul in by young people towards the production of this special souvenir.
Financial review
Going concarn
Aft8r making appropriata ènquirias, th8 trusl88s have a reasonable expactalion that the charity has adequate
resources lo ¢onllnu8 in operatlonal existenc8 for the foreseeable future. For this reason they continue to adopt
the going concem basis in preparing the financral statements. Furthef details regarding Ihg adoption of th8 golng
concern basis can be found in the Accounting Policies.

THE GUJARAT HINDU SOCIETY, PRESTON
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
b. R•serves policy
Reserves as at 31 March 2022 were £2,902.746 12021 £2,853,676). Free reserves were £1,026,728. The
reserves policy of the Trustees is to ensure that the Society comTnits as much funding as possible lo furthering its
objectives, whilst retaining on amount of cash adequate lo cover a period of 12 months of expenditure with little
or no income arising. This need to conserve reSoUr￿S is particularly iTnport8nl in the current economic
environment when overhead costs ar8 increasing and income is under pressure.
In addition resourcas need to be retained to ensure that the facilitles and SeNi￿S providèd by the Society foT Its
mambers meet thè long lerrn needs and expectations of the Community. The Society wll continue lo minimis8
costs to maintain satisfactory r¢serves. A substanllal reseNe has been maintained for the future purchase of the
car park behind the Centre which is gssential for the memb&rs' use whilst attending the Centre. The Society 1$
embarking on resurfacing the entire car park at a cost of £30,000. Current updating of Ilghting in the Temple is
also being carri$d out.
¢. Principal fundlng
The charivs principal funding continues lo be from charitable activities and collections from members.
Structure. governanco and management.
a. Constitution
The Society was constituted on 11 September 1976 and is a registered un-incoTPOTaled ¢h8rily, number 505959.
b. Mathod of appolntm•nt or election of Tru$ts•s
The manag8menl of the charfty Ss the responsibility of the Trus188s who are elected and cfropted undeT the terms
of the Tru81 deed.
c. Pollclgs adopted for tho Inductlon and tralnlng of Trust8eS
The Trusteès take r8sponsibilily for ensurlng that Ihgy have the skills and knowledge required lo fulfil their rolfys
efficiently and effectively. The Society regularly holds training sessions for Trustees to update their understanding
of their roles and responsibilities.
d. Organlsational structure and decision making
The Trustees hold office for an initial peTiod of three years after which they may apply for re-election or resign. Al
each Annual Gener81 Meeting, five members of the committee retire and, if eligible, may present themselves for
re-election. Management of tho Sociells affairs is enlrusled to a Management Committee. No member of the
Managernent Committee may hold the same office for a continuous period of in excess of 3 years. Reporting lo
the Management Committee are 8 sub-groups who are responslblo for the primary operational activities of the
Society. The groups are.. Reli9ious. Educalion, Youth and Cultural, Hall Hire. Maintenan￿. GHS Enterprises and
Elderly Luncheon Club.
The property of the Society is h91d in trust by the Holding Trustees of the Society.
Related party relatlonshlps
GHS Enterprise Llmited, a company Ilmlteij by guarantee of thè Trustees, conducts non.charitable tradlng
activities for the purpos8 of raising funds for Ihg Charity. Some eligible Pfofits arising are donated annually under
Gfft Aid to the Charity. GHS Enterprise Ltd is managed by a Board conslsllng of the President, Vice President,
Secretsry, Treasurer and one appointed member of GHS. During the year, the activity of the subsidiary has been
transferred to the char41y. and the trading subsidiary is in the process of bging wound up.

THE GUJARAT HINDU SOCIETY, PRESTON
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
Rlsk managèment
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the
operations and finances of the charity and are satisfied that systems and procedures are in pla¢& to mbtig8ts our
exposure lo the major risks.
Plan$ for fvture periods
a. Future developments
The Irust8es vlslon for the future is to '.
Provlde and further develop our services and facilities to the community
Encourage young people and women onto the board so that future board membèrs reflect the community
the Society services
Offer and deliver excellent and varied meellng facilities al the Centre
Offei more attractivo and optional hlrlng packages for social, leisure and educational activities and events
Extend tho seryices provlded to senlor members of the community
Ensure the financlal slabS1ily of the Society for future generations
Revlew current activities and prepare strategic plans for the future.
This report was approved by the Trusle8s on...........
.and signed on their behalf by..
l D Tailor MBE JP DL
PRESIDENT

THE GUJARAT HINDU SOCIETY, PRESTON
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE GUJARAT HINDU SOCIETY, PRESTON
I report lo the charity Iruslees on my examination of the accounts of the charity forthe year ended 31 March 2022
which are set out on pages 9 to 24.
Responslbllltlos and ba$ls of report
As th8 charity's truste&s you are responslble for Ihg preparation of the accounts In accordance with the
requirements of the Charities Act 20111'lhe Acl'l.
I report in respect of my examination of the charills accounts carried out under section 145 of the Act and in
carrying out my examination I have followed all the appli¢ab18 Dir8Ctions given by the Charity Commission under
section 145{5llbl of the Act.
Independent examiner's statement
I have completed my examination. I confim that no material matters have come lo my attention in connection with
the examination givin9 me cause to believ& that in any mater¢al respect..
accounting records were not kept in respect of the charity as required by secllon 130 of the Act- or
the a¢counls do not accord with those records", or
the accounts do not comply with the applicable requirements concerning the form and content of a¢￿untS
set out in the Charities IAccounls and Reportsl Regulations 2008 other than any requirement that the
accounts give a 'truè and fairview, which is not a matter conSide￿d as part of an independent examination.
I have no con¢erns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the accounts lo b8 reached.
Nicola Mason FCA DChA
MHA Moore and Smalley
Slalulory Auditor
Richard Housts
Winckley Square
Preston
PR1 3HP
221812022

THE GUJARAT HINDU SOCIETY, PRESTON
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Unrgstrl¢¢od
funds
2022
R¥strf￿￿l Endowm•nt
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Not•
Income and endowments from:
Donations and1gga¢ies
Ch8rSlable activities
Trading activities
Investment income
Other income- Covid Job
Retention Scheme
23.849
114,821
13,925
49.453
23.849
145,225
13.925
49.453
3.659
14,469
79,137
2,516
52.119
6,090
30.404
3.659
Total in¢om¢ and •ndowmonts
202.048
34.063
236.111
154,331
Expenditure on:
Charitable activities
119.628
62.865
10.638
193.131
166,933
Total expenditure
119.628
62.865
10.638
193.131
166.933
Not In¢omoll•xpondllurg1
b•fore transfers
82,420
{28,802)
{10,6381
42,980
112,602)
Transfers between funds
14
Nel movement in funds
82,420
{28.802)
{10,6381
42.980
112.602}
Total funds brought forward
1,204,924
1,519,349
135,493
2,859,766
2,872,368
Total funds carried forward
1.287.344
1,490.547
124.855
2.902.746
2.859.766
The notes on pages 12 to 24 form part of Ihestr financial statements

THE GUJARAT HINDU SOCIETY, PRESTON
BALANCE SHEET
AS AT 31 MARCH 2022
2022
2021
Not•
Flx¢d assets
Tangible assets
Investments
1,079,717
933,849
2,013,566
1,122,814
933,849
2,056,663
10
Current as$ets
Debtors
Cash al bank and in hand
11
12
9.331
796,592
891,436
891.436
805.923
Credltor$ . amounts falling tlLse within one
year
13
12.256)
12,8201
N•t curr8nt assets
889.180
803.103
Total assets less current Ilabllltlgs
2,859,766
Creditors . amounts falling due after more
than one year
13
Not assats
2,902.746
2.859.766
Charity funds
Endowment funds
Reslricled funds
Unrestricted funds
14
14
14
124.855
1,490.547
1,293,965
135.493
1,519,349
1,204,924
2.902,746
2.859,766
l /ivc 202.L...
The financial statsmgnts were approved by the Trustees on.........
by..
and signed on thelr behalf
l D Tailor MBE JP DL
PRESIDENT
The notes on pages 12 10 24 form part of these financial statements
-10-

THE GUJARAT HINDU SOCIETY, PRESTON
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Cash flows from operating activitles
Net cash flow from operating activities
40.856
(9,4281
Cash flow from Inv•$tlng a¢tlvltle$
Dividends, interest and rents from investments
Additions to investments
Purchase of tangibl8 fix8d assals
56.069
52.119
{2.0821
{29,665)
Net cash generatedllusedl by investing activities
53,988
22,454
Change in cash and cash equivalent in the year
94,844
13.026
Cash and cash equivalents brought forward
796,592
783.566
Cash and cash equivalents carried forward
891,436
796,592
Analy$i$ of ¢a$h and cash •qulv*l•nt$
2022
2021
Cash at bank
Cash In hand
888.103
3.333
794,313
2,279
891.436
796,592
Reconciliatlon of net movement In funds to net cash flow from operatlng activities
2022
2021
Net lexpendilureyincome for the year
42,980
112,6021
Adjustment for-
Depreciation chaTges
Dividends, interest and rents from investments
De¢reasel{increasel in debtors
Increaselldecreasel in creditors
45,180
156,0741
9,331
1561)
42,628
152,1191
16.910
14,245}
Net cash flow from operatlng acfjvltlos
40,856
{9,428
The notes on pa9es 12 to 24 form part of these financial statements

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 MARCH 2022
Accounting policiès
Basls of prgparation of financial statements
The financial slalements have been prepared in accordance wth Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ordan¢e with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in
October 2019 (Charities SORP IFRS10211. the Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Practice.
The financial statements havg been prepared to give a true and fair view and have departed from the
Charitiès (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair
view. This departure has Involved following the Accounting and Reportlng by Charities.. Slalement of
Recommendèd Practice applicable to ¢harili8s praparing their accounts in a¢¢ordance with the Financial
Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 issued on 16 July 2014 rather
than the Accounting and Reporting by Charities.. Stalernent of Recommended Practice effe¢live from 1
April 2005 which has slnce been withdrawn.
The Gujarat Hindu Society, Preston cons￿￿lte$ a public benefrt entity as defined by FRS 102.
The financial ststements are prepared on a going concem basis under the historical cost convention. The
financial statements are prepared in sterling which is the funcllonal currency of the charity and are
rounded lo the nearest £1.
Fund a¢countlng
General funds are unrestri¢led funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Re5triGted funds are funds which are to be used in accordance wth specific restrictions imposed by
donors or which have been raised by the charity for particu18r purposes. The costs of raising and
administersng such funds are charged against the specific fund. The aim and use of each restricted fund
is set out in the notes lo the financial slalemenls.
Income
All income is recognised once the charf(y has entitlement lo th8 incom8. it is probable that the Income will
be receivgd and the amount of Incom8 receivable can be measured rellably.
Donated services or facilities are recognised when the charity has control over the Item, any conditions
associated with the donated item have been mel, the receipt of e¢onomic benefit from the use of the
charity of the item is probable and that econornic benefit can be measurod reliably. In accordance with
the Charities SORP IFRS1021, the g&neral volunteer lime of the Friends is not recognised. Refer to the
Trust88s' report for more information about their conlribulion.
On re￿ipl, donated professional services and donated facilities are recognised on the basis of the value
of the gift to the charity which is the amount the charity woukl have been willing lo pay lo oblait) services
or f8cilities of equivalent eccFnomi¢ benefit on the open market., a corresponding amount is then
recognised in expenditure in the period of receipt.
Income lax recoverable in relation lo donations received under GiftAid or deeds of covenant is recognised
at the lime of the donation.
Income tax recoverable in relation to investment Income is recognised al the limè the investment income
1$ rg¢8ivable.
-12-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Expondlture
All expenditure linclusive of VATI is accounted for on an accruals basis and has been included under
expense categories that aggregate all cos15 for alk)calion lo activities. Where costs cannot be directly
attributed lo particular activities. they have been allocated on a basis consistent with the use of the
resources.
Governance costs include those costs incurred in the governance of the charit*s assets and are
associated with conslitulional and statutory requirements.
Dirgcl costs are Costs directly related lo employment in, or the plomolion of the Hindu roligion and culture.
Support Costs are all other costs incurred by the charity which are not direct costs or govemance costs.
Golng con¢•rn
The trustees are required to assess whether the use of going concem is appropriate. ie whether there are
any material uncertainties related lo events or conditions that may cast significant doubt on the ability of
the charitsble company lo continue as a going concern. Thè Trust8&s mak8 this assessm8nl in respect
018 period of 81 ltrasl one year from the dale of authoris81ion of the 8¢wunts. Al tho date of approving
these accounts the Iru81trtrs have a reasonable expe¢lalion that the ¢h8rily has sufficient cash resources
to enable il lo meet ils Ilablliues as they fall due for al least 12 tnonths from the dale of approval. Thus
the ttustees continue to adopt the golng concern basis of accounting in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible fixed assgls are carried al cost, ng1 of depreciation and any provision for impaimienl.
Depreciation is not Charged on freehold land. Depreciadon Is providgd al rates calculated to Write off the
cost of fixed assets, less their osllmaled residual value, over theSr gxp8¢led useful Ilves on the followlng
bases..
Freehold propety
Fixtures & fittings
2% slraighl line
12.50/0 on reducing balance
Inve5trnent$
Fixed asset investments are a form of financial instrurnenl. and are initially Tecognised al their transaction
cost and subsequently measured al fair value at the Balance sheet dale, unless fair value cannot be
measured reliably in which case il is measured al cost less impairment. Investment gains and losses,
whether realised or unrealised. are Combined and shown in the heading 'Gainslllossesl on inveslmenls,
in the Slalement of financial activities.
Interest receivable
Interest on funds held on deposit is included when receivable and Ihe amount can be measured reliably
by the charity.. this is normally upon notification of the interest paid or payable by the Bank.
-13-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Lea$lng and hirg purchase
Assels obtsined under hire purchase contracts and finance leases are capitalised as tangible fixed assets.
Assets acquired byfinance lease are deprecsaled over the Shorter of the lease term and their useful lives.
Assets acquired by hire purchase 8rtr dgpre¢iated over their useful lives. Finance leases are Ih05e where
substsntially all of the benefits and risks of ownership are assumed by the charity. Obligations under such
agreements are in¢luded in creditors nel of the finance charge allocated to future periods. The finance
element of the rental payment is charged to the St8tement of financial activities $0 as to produ￿ a
constsnt periodic ralg of charge on the net oblvJalion OLrtslanding in each period.
1.10
Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepaymgnts ar8 valtjed al the amount prepaid n&t of any trade discounts due.
Cash at bank and In hand
Cash al bank and in hand includes cash and short term highly liquld Investments with a short malurily of
three months OT less from the dale of a¢quisition or opening of the deptssll or similar account.
1.12 LIablI￿leS and provlslons
Liabilities are recognlsed when there is an obligation at the balance sheet dale as a result of a past event,
it is probable that a transfer of economic benefit will be required in settlement. and the amount of the
selllemonl Can be estimated reliably. Liabilities arg recognised at the amount that the charity anlicipales
it will pay lo settle the debt or the amount it has re¢eived as advanced payments forthe goods or services
it musl provide. Provisions are measured al the best estimate of the amounts required lo sellle the
obligation. Where the effect of the time value of money is material, the provision is based on the present
value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the
li8bilily. The unwinding of the discount is re¢ognised within interest payable and similar char9es.
1.13
Financial instruments
The ¢harily only has financial assets and finarscial liabilities of a kind th8t qualify as basic financial
instruments. Basic financial instrurllenls are initially recognised at transaction value and subsequently
measured al their settlement value.
1.14 Crltlcal estimates and ludg•m•nts
The charity rnakes estimates and 8ssumplions concerning the future. The resulting accounting eslimales
and 8ssumptions will, by definition, seldom 8qual the related actual results. Th8 estimates and
assurnplions that have a significant risk of causlng material adjustment lo the caryng amounts of assets
and liabilities relate lo the valuation of fixed assets and investment policy. See the accounting pollcy for
basis used for valuation.
-14-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Donatlons and1oga¢l•$
Unrestricted
fund5
2022
R•$tri¢ted Endowment
funds
funds
2022
2022
Total
funds
2022
Total
funds
2021
Donations
23.849
23,849
14,469
Includgd within unrestricted donations is a donation of £15.37612021 £9,151} received frorn. GHS
Enterprise Limited.
All donations in th8 current and prior year related to unreslrtcted funds
Income from charitable a¢tivitie$
Unrestrlct8d
fvnd$
2022
Restrlcted
funds
2022
Endowmant
funds
2022
Total fund5
Total funds
2022
2021
Society obl•¢tivo$
Grants
Prayer hall donations
Prayer hall Arati box
Religious fesllvals
Samaj Oeep
General cultural actimties
Language tuition
Elderly group
30.000
30,000
2,169
39,477
52,796
7,130
4,549
2,303
6,801
2,169
39,477
52,796
7.130
4.145
2.303
6.801
3,115
24,168
29.567
5.691
15,140
1.320
136
404
Totsl
114.821
30.404
145,225
79.137
Prior year
Unrestricted
fund$
2021
Restricted
fvnds
2021
Endowment
funds
2021
Total funds
Total funds
2021
2020
Society objectives
Grants
Prayer hall donations
Prayer hall Arti box
Religious festivals
Samaj Deep
General cultural activitie5
Language luilion
Eldedy group
3.115
24,168
29,567
5,691
15.140
1.320
136
3,115
24,168
29.567
5.691
15,140
1,320
136
12.772
39,650
53,234
7,673
14,539
2,480
11,687
Totsl
79.137
79,137
142,035
-15-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Tradlng activities
Unr•$trfjcted
fund$
2022
Restricted Endtywment
funds
fund¥
2022
2022
Total
funds
2022
Total
Funds
2021
Profil on sale of rgllgious items
Wedding hall hire
other Tenlal income
GHS Enterprise income
1,372
6.134
1.372
6,134
1,031
1,329
156
6.419
6,419
Totsl
13,925
13.925
2,516
Income from trading actlvllles in the year ended 31 March 2022 and the prior year ended 31 Mar¢h 2021
W88 all unrestrictfrd.
Investment In¢om¢
Unrestricted
funds
2012
Re$trl¢ted Endowment
fiJnd5
fund$
2022
2022
Total funds
Total
funds
2021
2022
Bank interest receivable
Rentsl in¢ome
Interest on bonds
8,385
37,281
3.787
8.385
37.281
3.787
9,644
42.475
Total
49.453
49,453
52,119
Prlor year
Unrestrlcted
funds
2021
Restrlctod Endowment
fvnd8
funds
2021
2021
Total fvnds
Total
fund$
2020
2021
Bank Interest receivable
Rent of West Cllff property
1.411
42.475
8,233
9.644
42,475
26,867
38,137
Total
43.886
8,233
52,119
65,004
-16-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Exponditurg on charitablg activities
Unrestrlctod
fund8
2022
Restrlctod Endowment
funds
lunds
T¢)tal lunds
Totsl lunds
2022
2022
2022
2021
Direct
365 day service expenses
Religious festivals
General ¢uttural aclivitl8s
Elderly gTOUP
Language tuition
Samaj Deep
Advertising
Wages and salaries Inolg 81
GHS Ent8ipriso salaries
2,288
4,953
2.857
1.s71
2,288
4.953
2.857
1.571
1,230
2.451
14.869
96
1,883
2,831
946
27,247
2.848
11.025
7,535
12.461
45.538
2.848
11.025
21,832
12.461
$9,835
3,659
111,638
3.659
10.638
51,553
Support
Telèphon8
Rat8$ and walar
Printing, postage and stsllonery
General expenses
GHS Enterprise other costs
Instsrance
Heat and light
Repairs and maintenance
Depreciation
Grant expenditure
Governance cost5 Inote 71
1,548
5,832
2,296
1.694
1.620
10.885
20,S04
9,236
15,974
1.548
5.632
2.296
1.694
1.620
10.885
20.504
9,236
45.180
30.000
4.701
133.296
1,253
7,515
2,789
1,966
13,208
19,429
23,088
42,628
29,206
3(J,000
4.701
74.090
3,504
115,380
59.206
Total
119.628
62.865
10.638
193.131
166,933
-17-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Expendltur* on charltable activities {Contlnu•d)
Prior year
Unre8trlcted
funds
Ro$tri¢tod Endowmont
fund$
funds
2021
2021
Total funds
Total funds
2021
2021
2020
Dlre¢t
365 day sèNice expenses
Religious fèstivals
General cultural activities
Elderly group
Language tuition
Samal Deep
Advertising
Wages and salaries (note 81
1,230
2.451
14.869
96
1,883
2.831
946
8.805
33,111
1.230
2.451
14,869
96
1,883
2,831
946
27.247
51.553
4,669
22,921
11,388
4,715
713
4,690
1,776
17,493
68,365
6,090
6,090
12,352
12,352
Support
Telephone
Rat8s and water
Printing, postage and stationery
General expens8S
Insurance
Heal and light
Repairs and maintenanc8
HP interest
Depreciation
Governance costs (note 71
1,253
7,515
2,789
1,966
13,208
19,429
23.088
1,253
7.515
2.789
1.966
13.208
19,429
23,088
1,176
9,773
2,778
2,668
12,715
27,133
32,385
11,646
3.504
84,398
30,982
42,628
3,504
115.380
44,081
2,667
135,376
30.982
Total
117,509
37,072
12.352
166,933
203,741
Gov•rnanco costs
Unr05trlcted
fund5
2022
Re$trl¢t¢d
funds
2022
Endowm•nt
funds
2022
Totsl
fund$
2022
Total
funds
2021
Accountancy
Legal laes
4.094
607
4,094
607
2,940
$64
4.701
4,701
3.504
All governance wsls in the current and previous year related to unrestricted funds.
-1&

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
staff cost$
Staff costs were as follows..
2022
2Q21
Gross
Employer's NIC
32,716
1,577
25.740
1.507
Total
34,293
27.247
2022
No.
2021
No.
Employees
13
12
No employee rèceived remunerallon amouriting lo more than £60.000 in either year
Key management personnel are considered to be the following
D H Nayee. President
ID Tailor MBE JP DL, Vice President
A M Jariwala, Sécretary
B Panchal, Tr&asurer
None of the above have recelved any remLtn8ration in kind or any reimbursement of expenses12021
£nil).
Durlng th8 year, no Trustees, recelvod any remunerallon. benefits in kind or any reimbLtrrsement of
expenses12021 £nlll
-19-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Tanglble fixed assèts
Fr•¢hold
Fixtures
property and Fittings
Total
Costs
Al 1 April 2021
Additions
1,585,310
294,070
2,082
1,879,380
2,082
At 31 March 2022
1,585,310
296,152
1,881.462
Doprociation
Al 1 April 2021
Charge for year
610,587
29,206
145,979
15,973
756.566
45,179
Al 31 March 2022
639,793
161,952
801,745
Net book valuo
At 31 March 2022
945.517
134,200
1,079,717
At 31 March 2021
974,723
148.091
1.122,814
Included in the land and buildings is freehold land al valuation of £125,00012021 £125.(1001 which is
not depreciated.
-20-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
10
Fixed asset investments
Valuation
The property al 48 Wesl Cliff, Preston was valued by Lea Hough Chartered Surveyors in January 2016
al £540,000 Icost £400,195).
The property al 48 Wesl Cliff, Preston was previously valued on the basis of open market value on 19
September 2000 by Eckersley & Co Chartered SuNeyors at £250,000.
Th8 proparty at 54 South Méadow Lan¢8 was valued by Lea Hough Chartered SurveyoTS in JanLtrary 2016
at £90,000 Icosl £60,372)
The property at 48 South Meadow Lane has not been valued extemally since its purchase in 2013. The
trustees believe that this valuation is still appropriate for the property.
2022
2021
48 Wesl Cliff, Preston
Seva Bond 1
Seva Bond 2
54 South Meadow Lane
48 South Meadow Lane
540.000
42,000
95,550
90.000
166.299
540.000
42,000
95,550
90,000
166,299
933.849
933,849
Subsidiary Undertakings
The following were subsidiary undertakings of the charity..
GHS Enterprise Limsted
The charity wholly owns GHS Enterprise which is a company limited by guarantee. All of its nel in¢ome is
gift aided to the charity. The principal activity of the company is the commercial hiring out of the facilities
owned by the Society. The company ceased trading as at 30 September 2021 and all activity was
transferred to the charity.
The net assets as al 30 September 2021 and the profivllossl for the year ended on that date for the
subsidiary undertakings were as follows..
Turnover
CJRS Grant
Cost of sales
Other expenditure
23,906
9,201
12,8211
{16.973}
Proflt for tho yoar
13,313
Charitable donation to Gularal Hlndu Soclely
13.313
Retained profil
Net assets
-21-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
11
Debtors
2022
2021
Prepayments and accTued income
Amount due from subsidiary undertaking
180
9,151
9,331
12
Cash at Bank
2022
2021
Skiplon Building Society
Yorkshire Bank
HSBC
HSBC- GHS Enterprise
Cash in Hand
315,409
217,680
335,784
19,23r>
3.333
211,455
210,07S
372,783
2,279
891.436
796,592
13
Crodltors: Amounts falling due wlthln on8 year
2022
2021
Accruals and deferred incorne
2.258
2.820
2.258
2,820
-22-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
14
Statement of funds
Current year
Balance at 1
Balance at
31 March
2022
Tran$f¢r$
inlloutl
2021
Income Expendituro
Unrestricted funds
General funds
1,204.924
202.048
1119,6281
1,287,344
Endowment funds
365 day servica fund
135,493
{10.6381
124.855
Restrlcted funds
Coronavirus
Retention S¢heme
Temple resloTalion fund
Stsge lighting fund
Covid India
Cultural Activities
Job
3,659
(3,6591
1,507.834
11.515
127,4601
11.7461
130.0001
1,480.374
9.769
30,000
404
Total
2.859,766
236,111
{193.1311
2.902,746
Prioryear
Balan¢e at 1
April
2020
Balance at
31 March
2021
Tran$f•rs
Inllout}
Incorne
Expenditure
Unr•strl¢t•d funds
General funds
1.182.425
140,008
1117,5091
1,204.924
Endowmtnt funds
365 day service fund
139,612
8.233
112.3521
13S,493
Restricted funds
Coronavirus
Retention Schem8
Temple restoration fund
Stage lighting fund
Job
6.090
{6.0901
1,536,897
13,434
129.063}
{1.9191
1.507.834
11.515
Total
2,872,368
154.331
{166.9331
2,859,766
-23-

THE GUJARAT HINDU SOCIETY, PRESTON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
14
Statemgnt of funds Icontinuedl
Unrestricted funds- Funds which aro available for use at the discretion of the Trustees in the furtherance
of the general objectives of the charity.
Pemanenl endowment funds- The OTiginal 365 day service fund was sel up in 1985. The income from
the investment held by the fund is available lo be used lo support the general cultural, religious and social
actfvilias of the So¢iety.
Restricted funds- The temple rèstoration lund was established in 1997 to provide for the building of the
new cultural and religious cenlre. The building was complel8d in 2000. Transfers lo this fund are made
each year from unreslri¢tfyd funds in respect of deprecation.
15
Analysls of net a$s•ts botwo•n funds
Currentyear
Unre$trl¢ted
funds
Reslrl¢ted Endowment
fund$
fund8
Total
fund5
Tangible fixod assets
Fixed asset investments
Current assets
Creditors due within one year
CredSlors due in more than one year
134.200
256.299
899.101
12,2561
945,517
540,000
5,030
1,079,717
933,849
891,436
12.2561
137,550
112,6951
1.287,344
1.490.547
124,855
2,902,746
Prloryear
Unr¢strlci8d
lunds
Restricted
fund$
Endowment
funds
Totsl
funds
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
148,091
258,356
801,297
(2,820)
974,723
540,000
4.626
1,122,814
933,849
805,923
12,820)
135,493
1,204,924
1.519,349
135,493
2,851.217
16
Related party transactlons
The charity received a donation of £13,31312021 £9,151) from GHS Enterprise Limited, a subsidiary
company of the charity. Al the year*nd £nil12021.. £nill was due between both patties.
17
Controlllng party
The charity is controlled by the Trustees.
-24-