Charity number: 505959 Gujarat Hindu Society, Preston Trustees, Report and Financial Statements For The Year Ended. 31 March 2025 An lfidependent member ol INTERNATIONAL
GUJARAT HINDU SOCIETY, PRESTON CONTENTS Reference and admnistrative details of the charity. its trustees and advisers Trustees, report Independent examiner's report statemenl of financlal activities Balance sheet 10 statemenl of cash flows Notes lo the financial statements 12
GUJARAT HINDU SOCIETY, PRESTON REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees D H Nayee. President (Appointed 17 September 2024) ID Tailor MBE JP DL. Vice Pre5idenl (Appointed 17 September 20241 A M Jariwala, SecTelary (Appointed 17 September 2024} A Limb8chia. Assistant Secretary (Appointed 17 September 2024) B Panchal, Treasurer N Parmar, Assistant Treasurer M Marolia. Committee Member B Maru, Committee Member D Patel Committee member R Valand, Committee Member P Nayee Committee Member J Parekh Committee Member K Vara Committee Member H Barber. Committee member K Parekh A Patel J Patel Holding Trustee- (Resigned 27 November 2024) Holding Trustee Holding Trustee- (Appointed 10 April 2024) Charlty reglstered number 505959 Principal office South Meadow Lane Preston PR1 8JN Independent auditors MHA Richard House Winckley Square Preston PR1 3HP Bankers HSBC PIC 40 Fishergate Preston PR12DP Sollcitors Harrison Drury 1 a Chapel Street Winckley Square Preston PR1 8BU
GUJARAT HINDU SOCIETY, PRESTON TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual reporl together with the audiled finanaal slalemenls for the year ended 31 March 2025. The financial slalements have been prepared In accordance with the accountlng policies set out in notes lo the accounts and comply with Ihe charity's governing document, the Charities Acl 2011 and Accounling and Reporting by Charities: Slatemenl of Recommended Practice applicable lo charitie5 preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland published In October 2019. Oblectlves and Actlvllles a. Policles and objeGt4ves In selting objectives and planning for activities, Ihe Trustees have given due consideration to general guidance published by the charlly Gommission relating lo public benefrt. The principal object of the charity, which has not changed since the last annual report, is lo promote the Hindu religion and the culture of Gujaral Hindu Community in Preslon and District. The Society is an unincorporated association. In order to further its objectives the Society: Foslers and encourages the rellgious, cultural and inl8lleclual advancemenl of persons of the Hindu falth resident in Preston and District. b. Provides for other charitable purpose In conneGlion with the Hindu Religion. Is aulhorised and empowered to (lo all such Ihings as shall be conducive lo the attainment of Ihe above objects and aim. The Society contlnues to atlach great importance lo fostering an understanding of and relatlonshlp wlth other communities in the area. b. Strategies for achiovlng obJe¢tlves The Charity fulfils its objectives by ensuring that there is continuous contact and consullalion with members of the HSndu community lo ensure that their cultural, religious and intelleclual requirements are being supported wherever possible by Ihe Society. The Sociely produces ils monlhty Samaj Deep magazine which is distrlbuted free to all Hlndu households in Preston and also posted lo members outside Preston. c. Acllvltles for achleving objectlvés Religious Events The Temple Is open lo devotees who regularly attend for personal worship. Devotees also attend the major religious festivals that are celebrated throughout the year, for example Shivratri. Ram Navmi, Janamashlami, Diwali, NavralTi, Tulsi Vivah, Jalaram Jayanli. together with olher minor festivals during the year. Throughout the year parents are encouraged to bring their children to the regular monthly bhajan bhojan for devotional singing. Educatlon The Gujarati mother tongue language school has an enrolment of 80 children laught by 7 sessional teachers. The school consists of 5 classes which are run on Friday. Reception class Starts at age 6 years and after 7 years each child normally attains a GCSE in Guj2r21i wilh high grades. Once a year a Parent8 Oay 18 organised to enable parenls to meet with their children's respective teachers. There is also a prize giving for high allainmenl in each class and a GCSE certificate presentation is made to the children. On the day children showcase their talents in educational and cultural interests for their parents.
GUJARAT HINDU SOCIETY, PRESTON TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 CultUTaS A wide range of ¢ultural activities are provided at the Centre. for example. classical and Bollywood dances for children and music classes for children and adults. Each year two major cultural events are celebrated at the Cenlre. India's Republic Day and Independence Day. Al both of these events the community enjoy the presentations given by Ihe children and adults showcasing the skills they have learned in the dancel musicl languagel singing classes. Young children also participate in the annual Raas and Garba competition when organised by the Hindu Council of Ihe North and bring home prizes lor their choreographic talents and best dressed costumes. When invited by community inslilutions. young children and ladies perform dances to share the Hindu culture with the wider community. Visit5 to the Centre The Society receives wsils from schools across Lancashire and Cumbria a5 part of their 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 monlh during term time. The Society provides informalion lo all visitors about the Hindu Gods. philosophy and w8y of lrfe. Children aro shown around the Centre and in the Templa where they have the opportunity lo witness at first hand the practice and religion of Hlnduism. Visits are also received from groups of trainee teachers. youlh clubs. uniformed children's groups and groups from Churches and other public sector organIsatnS. Every year during the summer and autumn. welcome coaches of devotees from around the country lo have darshan at the temple and bholan prasadi enroule lo their tourists deslinations. Elderly Luncheon Club The popular luncheon club for senior members of Ihe community runs on Monday and Friday lunchtimes with an average atlèndance of 50 people. This aclivity enables Ihe elderly people to have tlme out al the Cenlre. meet their peers and take part in exercise and share healthy living experiences. Some members are supported in gelling to the Cenlre by transport provided by Lanc8shire County Council. Yoga Actlvltles Yog8 activities for health conscious adults are held once a week and these are open to all adults. Hall Hlre The Centre is used by the Hlndu Community for religious. social. educational and recreational acllvllles In the evenings and weekends. The Society makes Ihe hall available for hire to the communily for weddings and other communal gatherings. Volunteers The organisation is mariaged by a team of volunteers from the community who give their time freely and regularly. Many of the volunteers have been trained on first aid and health and safety courses. The Centre owes ivs ongoing success and achievements to the dedication of a large number of volunteers over many years. If you wlsh to joln us in conlrlbutlng to and being part of our communlty please speak lo any member of the Committee. You will be made very welcome.
GUJARAT HINDU SOCIETY. PRESTON TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Main activities undertaken to further the charity's purposes for the publiG benefit The trustees confirm that they have referred to the guidance contained In the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning fuluTe actlvities. Achlevements and performance Revlew of actlvltles The Society is continuing to develop its normal social. cultural and educational activities for bolh members of the Hindu and the wider community. The trustees have leased the Wesl Cliff premises to a housing associalion who have now developed and renovaled the property as sheltered accommodation for people over th8 age of 55. b. Fundralsing activitieslincomg goneralion The Society's principal financial objective has been to continue to ensure financial slability. The Society's operating plan entails maximum use being made by the community of the Temple fa¢ililies, and the Trustees anticipate that this. together with planned religious, cultural and other activities will support the conlinued focus on fulfilling Ihe Society's objectives. Invostment poll¢y and performance The Management Commitlee has considered the most appropriate policy for invesling funds and considers that Ihe Investment property held, plus the government savings bonds, meet their requirements lo generate both Income and capStal growth. The Management Committee consider the return on investments in the year lo be sallsfactory. d. Factors relevant to achleve oble¢tlves The Society attaches great importance lo maintainSng close and regular Conlacl wllh both the lo¢al communities and civic aulhorilies. This is essential in promoting an awareness and understandlng of Ihe Hindu religion and culture. Flnanclal revlew a. Golng concern After making appropriate enqulries. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational exislence for the foreseeable future. For Ihis reason they continue to adopt the going concern basis in preparing the financial statemenls. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
GUJARAT HINDU SOCIETY, PRESTON TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 b. Reserves policy Reserves as 8131 March 2025 were £3.121.670 (2024 - £3.036.4221. Free reserves were £1.279.293. The reserves policy of the Trustees is to ensure that the Society commits as much funding as possible to furthering its objectives, whilst retaining an amount of cash adequate lo cover a period of 12 months of expenditure with little or no income arising. This need to conserve resources is particularly important In the current economic environmenl when overhead costs are increasing and income is under pressure. In additlon resources need lo be retained to ensure that Ihe facilities and services provided by the Society for ils members meet the long term needs and expectations of the Community- The Society will continue lo minimise costs lo mainlain salisfaclory reseNes. A substanlial reserve has been maintained for the future purchase of the car park behind the Centre which is essential for the members. use vA)ilst attending the Cenlre. ¢. Prlnclpal fundlng The charity's principal funding continues to be from charitable activilies and Collections from members. structurè, governance and management. Constitutlon The Society was Constiluled on 11 September 1976 and is a registered un-incorporated charlty. number 505959. b. Method of appolntment or election of Trustees The managemenl of the Gharity is the responsibility of the Trustees who are elected and cfropled under the terms of the Trust deed. Pollcles adopted for tho Inductlon and training of Truslegs The Trustees lake Te5ponslbility for ensuring that they have the skllls and knowledge required to fulfll thelr roles efficlenlly and effectively. The Society regularly holds training sessions for Trustees to update Iheir understanding of thelr roles and responsibilities. d. Organlsatlonal structure and declslon maklng The Trustoes hold office for an initial period of three years after which they may apply for re-election or resign. At each Annual General Meeting, five members of the committee retire and. if eligible, may present Ihemselves for re-election. Managemenl of the Society's affairs is entrusted to a Management Committee. No member of the Management Committee may hold the same office for a continuous period of in excess of 3 years. Reporting to the Management Committee are 8 sub-groups who are responsible for the primary operational activities of the Sociely. The groups are- Religious, Education. Youth and Cultural, Hall Hire, Maintenance, GHS Enterprises and Elderly Luncheon Club. The property of the Socioty is held In trust by the Holding Trustees of the Soclety.
GUJARAT HINDU SOCIETY, PRESTON TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Gharily and are salisfied that systems and procedures are in place to miligale our exposure lo the major risks. Plans for future periods Future developments The Irustees vision for the future is to '. Provide and further develop our services and facilities io the community Encourage young people and women onto the board $0 that future board members reflecl Ihe community the Society semces Offer and deliver excellent and varied meeting facilities at Ihe Cenlre Offer more attractive and optional hiring packages for soGial. leisure and educatTronal activities and events Exlend the servlces provided to senior members of the Community Ensure the flnan¢Sal stability of the Society for future generallons Review current aclivlt185 and prepare strategic plans for the future. Thlg report was approved by the Trustees on.2.7.4h. . JU LY...2f...and signed on their behaw by.. DHNay PRESIDENT
GUJARAT HINDU SOCIETY. PRESTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GUJARAT HINDU SOCIETY, PRESTON I report lo Ihe charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 9 to 24. Respon$ibllltles and basis of report As the charity's tnjstees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acl 2011 ('the Aci'}. I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5}Ib} of the ACL Independent oxamlner's statement I have ¢ompleted my examination. I confimi that no material matters have come to my attenlion in connection with th8 8xaminalion giving me cause lo believe that in any material respecl: accountlng records were not kept In respect of Ihe charity as requlred by section 130 of the Act; or the accounts do not accord with those re¢ords; or the accounts do not oomply with the applicable requirements concerning the form and content of accounts set out In the Charities (Accounts and Reports) Regulations 2008 other than any requiremenl Ihat the accounts give a 'true and falr vlew, which is not a matter considered as part of an independent examinatlon. I have no concems and have come across no other matters in connection with the examination to whlch attention should be drawn In this rewl in order to enable a proper understanding of Ihe accounts to be reached. Nlcola Mason FCA DChA MHA Slalutory Auditor Richard House Winckley Square Preston PR13HP 6 November 2025
GUJARAT HINDU SOCIETY, PRESTON STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 Unre5trlcted funds 2025 Restrlcled Endowment funds fund 2025 2024 Total fund5 2025 Total fund$ 2024 Note Income and endowments from: Donations and legacies Charilable aclivilies Trading activities Investment income 9,908 133.368 81,982 68,778 9,908 133,368 81,982 68,778 11,941 148,083 77,804 66,105 2,730 Total Income and endowmpnt$ 294,054 2.730 296,784 303,933 Expendlture on". Charitable activities 166,239 30,577 14,720 211,536 216,629 Total expenditure 166,239 30.577 14,720 211,536 216,629 Net incomel{expendlture) before transfers 127,815 127,847) {14,720) 85,248 87,304 Transfers between funds 14 Net movement In funds 127,815 (27,487) (14,720> 85,248 87,304 Total funds brought forward 1,509,186 1,427,645 99,591 3,036,422 2,949,118 Tolal funds carriod foTward 1.637,001 1,399,798 84,871 3,121,670 3,036,422 The notes on pages 12 to 24 form part of Ihese financial statements
GUJARAT HINDU SOCIETY, PRESTON BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Nole Fixed assets Tangible assets Investments 961.207 967.059 1,928,266 1,003,344 943,299 1,946,643 10 Current assets Debtors Cash at bank and in hand 11 12 1.196,721 1,094,263 1.196,721 1.094,263 Creditor$ amounts falling due within one year 13 (3.317) 14,4841 Net ¢urrent assets 1,193,404 1,089,779 Total assets less ¢urrent liabilities 3.121,670 3,036,422 Credltors amount8 falling due after more than one year 13 Net assets 3,121,670 3,036,422 Charity funds Endowment funds Restricted funds Unrestricted fund$ 14 14 14 84,871 1,399,798 1.637,001 99,591 1,427,645 1,509,186 3,121,670 3,036,422 The financial statements were approved by the Trustees on.2.7..M...S4ts7.. 2r by.. -and signed on their behaEf D H Nayee PRESIDENT Thè notes on pages 12 10 24 form part of these financial slalemenls -10-
GUJARAT HINDU SOCIETY, PRESTON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating actlvltles Nel cash Ilow from operating activities 59,208 68,532 Cash flow from Investlng activitles Dividends. interest and rents from inveslmenls Transfèr of investments Purchase of tangible fixed assets 68,778 (23,760) (1,768) 66,105 13,540) Net cash generaledl{used) by investing aGlivities 43,250 62,565 Change in cash and cash equivalent in the year 102,458 131,097 Cash and cash equivalents brought forward 1.094,263 963,166 Cash and cash equivalents carried forward 1.196.721 1,094,263 Analysls of cash and Ga$h equlvalents 2025 2024 Cash at bank Cash In hand 1,193,999 2,722 1,091.592 2.671 1,196,721 1,094,263 Reconcillation of net movement in funds to net cash flow from operatlng acllvlties 2025 2024 Net {expenditurellin¢ome for the year 85.248 87,304 Adjustment for: Depreciation charges Dividends, interest and rents from investments Increasel(decrease) in creditors 43.g05 168,7781 (1,167) 45,684 (66.105) 1,649 Net cash flow from operating actlvilies 59,208 68.532 The notes on pages 12 10 24 form part of these financial slalemenls -11-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Basls of preparation of financlal slatements The financial statements have been prepared in accordance with Accounting and Reporting by Charilies.. statement of Recommended Practice applicable to charities preparing their accounts in a¢¢ord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued in October 2019 Icharilies SORP (FRS1021}. the Financial Reporting Standard applicable in the Unlled Kingdom and Republic of Ireland (FRS 102). the Charities Acl 2011 and UK Generally Accepted Praclice. The financial stalements have been prepared to give a true and falr view and have departed from the Charities {Accounts and Reports) Regulations 2008 only to the exlent required to provide a true and fair view. This departure has involved following the Accounting and Reporling by Charities: Statement of Recommended Practice applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 rather than the Accounling and Reporting by Charities: Slatement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Gujaral Hindu Society, Preston constilules a public benefit entity as defined by FRS 102. The financial stalements are prepared on a going concern basis under the histori¢al cost convention. The rinanclal statements are prepared in slerfing which 15 the functional curiency of the charity and are rounded lo the nearest £1. Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the ¢harity and whlGh have not been deslgnated for other purposes. Reslricled funds are funds which are to be used in accordan¢e with specific restricllons Smposed by donors or which have been raised by the charity for particular purposes. The costs of raislng and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is sel out in the notes to Ihe financial slalements. Income All income is recognised once the charity has enlillement to the income, il is prob8ble ihal the income wlll be recelved and the amount of income receivab can be measured reliably. Donated services or facilities are recognised when the charity h89 conlrol over the item, any ¢onditions associated with the donated ilem have been met. the receipt of economic benefit from the use of Ihe charity of the item is probable and that economic benefit can be measured reliably. In aG¢ordance with the Charities SORP IFRS102}, the general volunteer time of the Friends is not recognised. Refer to the Trustees. report for more infoTmalion about their conlribulion. On receipt. donated professional services and donated facilities are recognised on the basis of the value of the gift lo the charity which is the amount the charity would have been willing lo pay lo obtain servlces or facilities of equivalent economic benefit on the open market- a corresponding amount is then recognised in expenditure in the period of receipt. Income lax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Income tax recoverable In relation lo investment income is recc*Jnised al Ihe lime the investmenl income is receivable. -12-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure All expenditure (inclusive of VAT) is accounted for on an accruals basis and has been included under expense categoTies that aggregate all cosls for alloCatn to activities. Where costs cannot be directly attributed lo particular aclivilies. they have been allocated on a basis consistent with the use of the resources. Governance costs include those cosis incurred in the governance of the Gharily's assets and are associated with constilulional and statulory requirements. Direct costs are cosls directly related lo employment in. or the promotion of the Hindu religion and culture. Support costs are all other costs incurred by the chartty which are not direct costs or governance costs. Golng concern The trustees are required to assess whether the use of going concem is appropriate, ie whether there are any material uncerlainlies related lo events or condilions that may cast significant doubl on the ability of the charitable company lo continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authori5ation of the accounts. At the dale of approving these accounts the trustees have a reasonable expectation Ihal the Charity has sufficient cash re50ur¢es lo enable il to meet its liabilities as they fall due for al least 12 months from the date of approval. Thus the ITUStees conlinue lo adopt the going concern basis of accounting in preparing the financial statements. Tanglble flxed assets and depreclatlon Tanglble fixed assets are carried at cost. nel of depreciation and any provision for Impairment. Depreciation is not charged on freehold land. Depreciation is provided at rales calculated to write off Ihe cost of fixed assets, less their estimaled residual value. over their expected useful lives on the following bases: Freehold properly Fixtures & fittings 2•h straight line 12.5% on reducing balance Investments Fixed asset inveslments are a form of finanal instrumenv and are initially recognised at Ihelr transaction cost and subsequenlly measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment g8ins and losses, whether realised or unrealised, are combined and shown in the heading 'Gainsl{losses) on investments, n the Statement of financial aclivilies. IntOTÈSt recelvable Inte$t on funds held on deposit is included when receivable and th8 amount can be measured reliably by the charity., this is normally upon notificalion of the inleresl paid or payable by the Bank. -13-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Leasing and hire purchase Assets obtained under hire purchase contracls and finance leases are capilalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorler of the lease term and their useful lives. Assets a¢quired by hire purchase are depreciated over their useful lives. Finance leases are Ihose where substantially all of the benefits and risks of ownership are assumed by the charity. Obligations under such agreements are included in ¢reditors nel of Ihe finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of financial aclivllies so as lo produce a constant periodic rate of charge on the net obligation outstanding in each period. 1.10 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offèred. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.11 Cash at bank and In hand Cash at bank and in hand includes cash and short term highly liquid inveslments with a short maturity of three months or les5 from the date of acquisition or opening of the d8posiI or similar account. 1.12 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the balance sheet date as a result of a pasl event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the selllement Can be eslimated reliably. Liabililies are recognised at the amount that the charity anticipates il will pay lo settle the debt or the amount it has received as advanced payments for Ihe goods or s8Nices il musl provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is material, Ihe provision is based on the present value of th059 amounts, discounted at the pre-tax discount rate that reflects the risks specific to the 1Sability. The unwinding of the discount IS Tecognised within interest payable and similar charges. 1.13 Flnanclal instruments The charity only has financial assets and financial liabililies of a kind Ihat qU81ify as basic financial instruments. Basic financial inslrumenls are initially recognised at transaction value and subsequently measured al their settlement value. 1.14 Critical estimates and judgements The charity makes eslimales and assurnplions concerning the future. The resulting accounling eslimates and assumptions will, by definition. seldom equal the related actual resulls. The estimates and assumptions that have a significant risk of causing material adjuslmenl lo the carrying amounts of assets and liabilities relate to the valuation of fixed assets and investment pollcy. See the accounting policy for basis used for valuation. -14-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Donations and legacies Unrestricted funds 2025 Restrlcted Endowment funds funds 2025 2025 Total funds 2025 Total funds 2024 Donations 9,908 9,908 11,941 All donations in the current and prior year related lo unrestricled fvnds Income from charltable actlvltles Unr#strlct•d funds 2025 Restrlcted Endowment funds funds 2025 2025 Total funds Total funds 202S 2024 Soclety objectlve5 Prayer hall donations Prayer hall Arali box Religious festivals Samaj Deep General Cultural adivities Gau Grass Language lultlon Elderly group 3,416 45,375 58,074 4,816 8.768 3,416 45,375 58,074 4,816 8.768 2.730 2.100 10.837 3,615 43.685 75.236 5,224 7,785 2,138 2,010 8,390 2,730 2.100 10.837 Total 133.386 2,730 136,116 148,083 Prlor year Unrestricted funds 2024 R•$trictèd funds 2024 Endowment funds 2024 Total fvnds Total funds 2024 2023 So¢lety objectlves Grants Prayer hall donalions Prayer hall Arati box Religious festivals Samaj Deep General cultural aGlivilles Gau Grass Language tuition Elderly group 3,615 43,685 75,236 5,224 7,684 3.615 43,685 75,236 5,224 7,785 2,138 2,010 8,390 2.391 40.286 57.651 6,170 11,471 2.138 2,010 8,390 1,650 9,886 Total 145.844 2.239 148,083 129,707 -15-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tradlng activities Unrestricted funds 2025 Re$trlcted Endowment lunds funds 2025 2025 Total funds 2025 Total Funds 2024 Profit on sale of religious items Wedding hall hire GHS Enterprise income 2,473 13,562 65.947 2,473 13,562 65,947 2.731 11,453 63,620 Total 81.982 81,982 77,804 Income from trading activities in Ihe year ended 31 March 2024 and the prior year ended 31 March 2023 was all unrestricted. Investment Income Unrèslrlcte funds 2025 Restricted Endowment funds fund$ 2025 2025 Total funds Total funds 2024 2025 Bank Snterest receiv8ble Rental inGorne Interest on bonds 24382 36.153 8,243 24,382 36.153 8.243 21,803 37,312 6,990 Total 68,778 68,778 66,105 Prior year UnTestricted funds 2024 Restrl¢t¢d funds 2024 Endowmant funds 2024 Total funds Total funds 2023 2024 Bank interest receivable Rental income Interesl on bonds 21,803 37,312 6.990 21,803 37.312 6.990 3.189 37,312 5,264 Total 66.105 66.105 45,765 -16-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on Charitable activilles Unrestrlcted fuftds 2025 Restricted Endowment funds funds 2025 2025 Total lund5 Total funds 2025 2024 Dlrect 365 day service expenses Religious festivals General cultural aclivilies Gau Grass Elderly Group Language tuition Samaj De8p Advertising Wages and salaries (note 8) 170 9,979 6,598 170 9,979 6,598 201 3,213 229 3,614 2,332 44,384 70,720 3,793 27,269 10.917 3.880 3,114 78 4,143 572 38,525 92,291 201 3.213 229 3,614 2,332 29,664 55,799 14,720 14,720 201 Support Telephone Rates and water Printing, postag8 and slalionery General expenses Insurance Heat and light Repairs and malntenance Depreciallon Govemance eosls (note 7) 3,152 6,182 2,065 17,825 11,038 19,261 34,309 13,529 3,079 110.440 3,152 6,182 2,065 17,825 11,038 19,261 34,309 43,905 3,079 140,816 1,276 4,782 1,187 17.093 10.445 17,481 20,640 45,684 5,750 124,338 30,379 30,376 14,720 Total 166,239 30.577 14,720 211,536 216,629 -17-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charltable activities (Continued) Prlor year Unrestrlcted fund$ 2024 Restricted Endowment fund5 fund$ 2024 2024 Total fund5 Total funds 2024 2023 Dlrect 365 day service expenses Religious festivals General cultural aclivities Gau Grass Elderly Group Language luilion Samaj Deep Advertising Wages and salaries {note 8) 3.793 27.269 10.816 3.793 27,269 10,917 3,880 3,114 78 4,143 572 38,525 92,291 8,245 8,909 101 3,880 3,114 78 4,143 572 24,467 74,252 4,315 1,863 4,114 1,440 26,762 55.648 14,058 14,058 3,981 Support Telephone Rates and water Prinling, postage and stationery General expenses Insurance Heal and Ilght Repairs and maintenance Depreciation Governance Costs (note 7) 1,276 4,782 1,187 17,093 10,445 17,481 20,640 13,920 5,750 92,574 1,276 4,782 1,187 17,093 10,445 17.481 20,640 45,684 5.750 124.338 1,265 4,841 1,181 9,515 10,107 17.561 52.591 44,163 3.350 144.574 31.764 31.764 Total 166,826 35.745 14,058 216,629 200,222 Governance costs Unrestricted fund5 2025 Réstrleted funds 2025 Endowrnent funds 2025 Total funds 2025 Total funds 2024 Accountancy 3,079 3,079 5,750 3.079 3,079 5,750 All governance costs in the current and previous year related to unrestricted funds. -18-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Slaff costs Staff costs were as follows- 2025 2024 Gross Employer's NIC 41,830 2.553 36.425 2,100 Tolal 44.384 38.525 2025 2024 Employees 13 13 No employee received remuneration amountlng to more than £60.000 in ellher year Key management personnel are considered lo be the following . D H Nayee, President ID Tailor MBE JP DL, Vice Presldent A M Jarlwala, Secretary B Panchal. Treasurer None of the above have received any remuneration in kind or any reimbursement of expenses12024 £nil). During the year. no Trustees, received any remuneration, benefSts In kind or any relmbursement of expenses (2023 - £nll) -19-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets Freehold Flxture$ property and Fittings Total Costs At 1 April 2024 Additions 1,585,310 309,625 1,769 1,894,935 1,769 At 31 March 2025 1,585.310 311.394 1,896,704 Depreciation At 1 April 2024 Charge for year 698,205 29,206 193,387 14,699 891,592 43,905 At 31 March 2025 727,411 208,086 935,497 Net book value At 31 March 2025 857,899 103,038 961,207 At 31 March 2024 887.105 116,238 1,003,343 Included in the land and buildings is freehold land at valuation of £125.000 (2024 - £125.0001 which is not depreciated. -20-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10 Flxed asset investments Valuatlon The property at 48 West Cliff. Preston was valued by Lea Hjgh Chartered Surveyors in J8nuary 2016 at £540,000 (cost £400,195). The property at 48 West Cliff, Preston was previously valued on the basis of open market value on 19 September 2000 by Eckersl6y & Co Chartered SuNeyors al £250.000. The propety at 54 South Meadow Lance was valued by Lea Hough Chartered Surveyors in January 2016 at £90,000 (cost £60,372) The property al 48 South Meadow Lane has not been valued externally since ils purchase in 2013. The trustees believe that thls valuation is still appropriate for the property. 2025 2024 48 West Cliff, Preston Seva Bond 1 Seva Bond 2 Skipton Seva Bond 54 South Meadow Lane 48 South Meadow Lane 540,000 540,000 42,000 105,000 170,760 90,000 166.299 90,000 166.299 967,059 943,299 -21-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11 Debtors 2024 2023 Prepaymenls and accrued Income 12 Cash at Bank 2025 2024 Sklplon Bullding Society Bond 3 Virgin Money HSBC HSBC- GHS Enterprise Skipton Building Society - Bond 1 Skipton Buildng Sociely Bond 2 Community Saver- Bond 5 Cash in Hand 223,054 228,020 127.370 11,782 42.267 105.651 455.852 2.725 430,295 222,670 358.141 80,486 2,671 1,196,721 1,094,263 13 Creditors: Amounts falling due withln one year 2025 2024 Accruals and deferred income 3,317 4,484 3,317 4,484 -22-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 statement of funds Current year Balance at 1 Aprfl 2024 Balance at 31 March 2025 Transfers Inlloul) Income Expenditure Unrestrlcted funds General funds 1,509,186 294,054 (166,239) 1,637,001 Endowment funds 365 day service fund 99,591 (14,720} 84,871 Reslrlcted funds Temple restoration fund Stage lighting furKI Gau Grass 1,420,434 7,211 {29,206) {1.170) (201) 1,391,228 6,041 2.529 2,730 Total 3.036,422 296,784 {211,536) 3,121,670 Prlor year Balance al 1 Aprll 2023 Balance at 31 March 2024 Transfers Inl{out) Income Expenditur• Unrestricted funds General funds 1,376,060 301.694 {166,826) {1.742} 1,509,186 Endowmentfunds 365 day service fund 113,649 (14,058) 99,591 Restrict¢d lunds Temple restoration fund stage lighting fund Cultural Activities Gau Grass 1.451.168 8.241 {30,734) (1.030) {1011 (3,880) 1,420,434 7,211 101 2.138 1,742 Total 2.949,118 303,933 {216,629) 3,036,422 -23-
GUJARAT HINDU SOCIETY, PRESTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 Statement of funds (continued) Unrestricted funds- Funds which are available for use at the discretion of the Trustees in the furtherance of the general objeclives of the Gharily. Permanent endowment funds- The original 365 day SeiCe fund was set up in 1985. The income from the investment held by the fund is available to be used lo support the general cultural, religious ar)d social activities of the Society- Restricted funds - The temple restoration fund was established in 1997 to provide for the building of Ihe new cultural and religious centre. The building was compleled in 2000. 15 Analysis of net ass¢t$ between funds Current year Unrestricted funds Re$trlet8d funds Endowment funds Total funds Tangible fixed assets Fixed asset investments Current assets Creditors due within one year 101.409 427.059 1,111.850 {3,317) 859,798 540,000 961,207 967,059 1,196,721 13,317) 84,871 1,637,001 1,399,798 84,871 3,121,670 Prloryear Unrestrlcted funds Ro$trlct•d funds Endowment funds Total funds Tangible fixed assets Fixed 8ssel inveslmenls Current assets Creditors due within one year 115.699 256,299 1,141,672 14,484) 887,645 540,000 1,003,344 943,299 1,094,263 14,484) 147,000 {47,409) 1,509,186 1.427,645 99,591 3,036.422 16 Related party transactions There were no related party transactions during the year. 17 Conlrolllng party The charity is controlled by the Truslees. -24-