SHREE HINDU COMMUNITY CENTRE IJ) Charity Registration No: 509274 541a Warwick Road Birmingham, B11 2JP REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2022 CONTENTS Pag9 Reference and Administratlve InformatSon Report of Trustees structure. Governance and Management Objectives and Activities Achievements & Performan Trustees Responsibilities Key Highlights of the year Future Improvements Summary & Thanks Report of the Auditor statement ot FinanGial Activities Balance Sheet 10 Notes forming part of the Financial Stalements 11-14
Shree Hindu Community Centre Report and Financial Statements For the Year Ending 31 March 2022 Reference and Administrative Information Charity Numl)er 509274 Règistered 541a Warwick Road, AddTe$S Birmingh3m B112JP Audltor8 Nebuli Auoutjtanls 31 Crownway Chellaston Dèrby DE73 5NU Bankars TSP 538 Slratford Road Biimingham B114DB Bank of Ind18 182 Soho Fio8d Birmingham B21 gLP State Bank of India 116 Soho Road Birmingham B219DP Managament The AGM wa8 held on 15th December 2019. The present Manag8m8nt comm00 is as follows .' ommlttee Pre5id8nt Mukesh Ladwa VI Pr8$ld8nt J8yBnti Jagati Secr8t8ry AssL¥tant Secretary Treasurer Assls¢ant Ttea$ui&r CommHts8 Ramesh Chauhan Bhagwandas Chud3s8ma Manish Chudas3m8 Dip3k Dave Bhavini Kainth Partab Khemani Harish Ma5anl Hargovind K4iang8r Lallubhai Mi8ty Narendradoo Parmar Rasik Parmar Sh8shl Patel Anju Shah Prafulla Shelh Bhavna So18nki Vir)od Thakrar Co.op¢ed Twstees Dinesh Chauhan Vasanl Chauhan Chandrakant Pattnl Harllal Shah Anjana Shelal 2021-22 Fln81- 14 D* 2022 Page I
Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2022 The Trustees present thelr port along wh the financial statements for Shree Hindu Communlty Cenlie for the year @nded 3fjst March 2022. The financial statèmefjls have been prepaied in accordance with the Charitls accounting wlicies sel out in note 1 to the accounts and compty with the Charity's conslilution, the Charities Act 2011 and the Slalement of Recommended Practice (SORPI .' A¢¢ounling and Reporbny by Charit*es 2015. Structur6, Governance and Management 1.1 Governlng Document Sh¥ee Hindu Community Centre is a registgred charileble organisation and it is governed by a con51ilution registered with the Charity Commission in November 1979. 1.2 Appolntment of Tru$teeB The legal. managem8nl and operatiDnal responsibi151y 8ro bestowed on IhB Management Commillee which is elected frorn the charity's memb8rs. The Management Committee currently comprises 23 memb&rs from whom the 6 m8iTr offi be8r8rs and 4 Trustees lor mtsiel are elected. Thè Management Committee has powers lo co-opt up lo 5 additional members. 1.3 Related Parties Shree Fllndu Communlty Centre is an independent, voluntary organisation. and 11 is not formalty Ilnkgd lo any othe organisation with similar names. 1.4 Rlsk Mgnagement The Trustees and the M8nagement Committee reviews rlsks on an on-golng basis lo which the Ch8rNy is exposed and lo ensuro appropriate ¢onlro18 are in plac8 lo provide reason8ble assuiance 8gain8t fraud and èrror and are safjsffiod that the systems are in place lo mitigate exposure lo the major risks. 2021-22 Flnal- 14 2W Pa99 2
Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2022 2 Objectives and Activities 2.1 Oblectlv&s of the Charlty SHCC wa8 fomied In 1979 by HSndu community groups in Birmingham to promote Hindu 1811gion and culture. and to facAlitale sodal, cullufal and edutatlonal actrtIeS for local communilles. In lurth8r8nce of these objeclN&8, SHCC '. OTg8nises cultuial, educational and ¥ellgious programmes Holds participalive da5se81workshop5 for dance and muslc Promotes Gujarali and Hindi language Promotes Yog8 and self defence Provides facility for religiou5 activities and functions Provides SUPPOrt and facilibes to its Members Represents the interests of the Hindu community and actively promotes Hindu values. SHCC 15 a member ol a number of umbrÈll8 Hlndu organisations, namely Hindu Council of Central England Ifomeriy Hindu Council of Bimiinghaml, National Council of Hindt Temples and Hindu Forum of Britaifi. SHCC also work5 Wlth a nufflber of partner organisations, notably Birmingham City Council. Solihull Metropolitan Borough Council ond Birmingham Faith Leaders Group. 2.2 Organisatlon Stweture SHCC is an independent, communlty-based. voluntsry organisation that hos a mand8te lo pursue such adivilies daemed appropriate in the lurtheiance of the objectives as laid down in the Constilulion. SHCC is run by 8 managemont commiltee, which is elected by the membors of he organSsation al an An81 General Metsting. The rnain office be8rS Bre then elected from the eleGtsd member5. As part of its wide range of 8ctwities, SHCC operate8 '. Anand Milan Kendr8 IAMKI, a day ntre forthe elderfy, Is based at SHCC.11 is also responsible lor keeping the basic financial record$ of its day-to-day activities and reporting lo SHCC Management CommTtiee on a regular basis. SHCC has the overall responsibility lo ensure that AMK is managèd ond rvFI effidenlly and is operating to promote the overall objectives of SHCC. Sparkhill Guj818ti School ISGSI is based ot SHCC, It is responsible for kgeping financial records of its aclivilie8 and reporting lo SHCC Management Committee on a regvlar basis. SHCC has the overall responsibility lo ensure that the Gujarali School is managed and run efficiently. The religious funcbons 8nd spirilual activities of Shree Laxmi Narayan Temple are carried by an appropriately quolified full time prYds1 with overdll management by the Reli9lous sub-committee and dedicated PBtrons of thè temple. SHCC manages major Bctivitles and improvements through sub-commrttee¥ 8$ follows '. Religious Cultural Building M8inlenanc8 Finance An8nd Milan Kendra Gujar8ti School 2021.22 F5nal-14 De¢ 222 Pgge 3
Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2022 3 Achlevements and Performance 3.1 Financlal Reviow Vwlh tho ald of sound fin8ncial manBgement and the support of fflembers and well-wishers, SHCC generated an incomè 01 £176.956 with the overall expenditure of £95,425 whh Indudes dep¥eci8tion of £51,668, resullSn9 In a surplus of £81.531. 3.2 Investment Powgr & Pollcy The Conslilulion of SHCC ernpowers the Managgmenl Committeg lo pursue investments and financial policies that wlll solety bengfrt SHCC. Having considered the options, the Man8gement Cotnmrtlee had decided to utili8e Some of thè accumulated funds towards improvernenl of fhe extemal faGade 11.e. the 'Shlkh8r Proi&rf} and refU1$hment of the entrance ol Swami Vivekananda Hall. 3.3 Reserves Policy The Trustees and the M8nagement Commiltea review the res8tve8 policy whh includes a consideration of the nglur of the Inrne and EKpenditure streams. the requirement lo match variable income with fixed commitments and consideration of the nature of the reseNes. After reviewlng the immediat6 and medium term requirements of SHCC. the Management Commltlee has designated £120,000 for the'shikhar Piojerf 8nd external l internal improvements lèxcepl Saraswali Hall). 3A Ongoing Work$ I Plans for the futuro During the year. SHCC continued to progress Ihe 'Shikhar Projecy and exlernal l impmvement works Including the installation ola new lift,. recon)Iguralion of access Slep6 al two 1oc81ions', relocation of disabled ramp for a¢cess off Medlna Road., ra-roofing sectlon8 of roof Bbove Priest's flat and immediately behind the two side Shikhars, conslfUCt*on of n8w boundary w811 on Watwick Road and Medina Road, trontage dr8inage placeMent, r6p8ve entire frontage and sKlg of Saraswbti Hall, constnjclion ot new storage extension in the r88r open space adjacent Swami Viv8kananda Hall, r8- flotsring and redecoratlng the Swaml Vivekanatxla Hall and numerous othor associated and incident81 improvements. The Management Committee envisages further shorllmedium lemi remedlal l improvement works to the Sarasw811 Hall for it has start6d raising funds during trhe current year. 3.5 Financlttl Results & Investments SHCC does not havo any long tem7 cash investments and therefore the are no finanaal results lo declare. 3.6 Charlty's Propertles SHCC owns the folltswing propertlgs '. 541a Warwick Road, B112JP 537 Warwick R03d, B112JP S24-630 Warwick Road. 8112HJ 2 Havelock Road, B112RG 4 Trustee's Responsibilities The trustees are r8sponslbb for preparlng the TnJsle65' Annual Report and the financial Statennts in acco¥daTr with applicable law and Unf(ed Kingdom Accounllng Standard8 (United Kingrlom Generally Accepted Accounting Praclicel. The law appIlble to charities In Engla¢xJ & Wales requires the trusteas to prepare financial statements for èach financt81 year which glve a true and 18ir view of the slate of affairs of the charlty and of the In¢oming resources and application of resources of th8 charity for that period. In pparIng thesé financial stst&mgn15, the trustees Bre required to.. select Suitab accoun14ng policies and then apply them conslslenlly- observe th8 melhods and ptinciples In the Charilles SORP 2015 IFRS 1021. makejud9em&nls and esllmal88 that are reasonable and prudent., 2aZ1-22 Fknd- 14 Deo20Y2 Page 4
Shree Hindu Community Centre Report and Financial Statements For tho Year Ended 31 March 2022 state whelh8r applicable accounting standards have b8en followed, subject lo any ffl8fierial departures disclosed and explained in the financial slalemenls., prepare the financial statements on the going concern basis unless it is inappropr48te lo presume Ihal the chaty wlll continue in operation. The trustees are responsibb for keeping proper accounting records that disclose with reasonable accuracy al any time the finBncial position of the ch8rity and enable them to ensure thatthe finanGlal stalernents comply with the Charities Act 2011. Ihe Charities (Accounts and Reports) RegulatSons 2015 and the provision5 01 the trust deed. They 8re also respon8lble for safeguarding the asseis of the charity and hence for taking reasonable steps for the pi6ventx)n ar dètection of fraud and olher Irregularrties. In 80 f8r as Ihe truslees are 8w8ro: there Is no relevant audll Information ol which th8 ¢harltable company's auditor is unaware., and the trustees have tsken 811 steps that they ought to have takeri to make themselves awa of any relevant audlt infoTmatlon 8nd to establi8h thal the audilor is awarè of that infomi8tfjon. 5 Key Hlghlights of the year Following the Covld lockdowns ffom Maith 2020 onwards, the year lo end March 2022 continued to be challenglng as SHCC continued lo adopt Govemmenl guidelines for publlc organisalions. The Centro phased the re-opening from 241T12021 inilialty Solurday and Sunday momlngs onty and then fulty Mond8y to Sunday from 281812021. Sadty, during the y&ar, more members Bnd Llwolees lost thelr lfves due to Covl¢19. Vthilst the actNilie8 and attendances were sevorely limited duè to lockdowns gnd reslriclions and reluctan of the devotees and well-wishers to visit the Centre lo P-COV1 bv81s, the improvement works lo the extem81 f8G8de 'lhe Shikhar Project, and inlemal improv8ment works continued, albe¢t slowly dtJ8 to the impact on the supply chain for materials and speciali318ub-¢ontractor8rtrades. Notwilhstsnding. the income increased lo £176.956120221 cOrnparedwh previous yBar £158,75312021}. wrth Il robu61 financial man8gemenl. donation5 and the balance payment of Ihe Covid-19 Communlly Support Grant {£4,7501, SHCC'S financial position remain5 reasonably healthy whith are bolstered by th& regular incomo from Ihe Investment Propèrties. Durlng the conlnuing lockdown and subs8quenl ph88ed opening, the MBnagemenl Committeo k&pt the community connected through online events for variou8 festivals IradStthally celtsbfalad al the Mandir. Dvring the current year. the Centre is celebrating all the fe8tlvals previously ¢elebrated pr8-lockdown and other activib"e$ at thè Mandirlcenlre have resumed on a re9ulai basis with 8tt6ndance back to pre-covid normality. 5.1 Shree Hlndu Communlty Centre I Shreo Laxmi Narnyan Temple Oe8pile Covi&19 ie8tiicb'on6 for part ol the yeai, Shree Hindu Community Cenlre I Shree Laxmi Naiayan Temple has conlinuad to play a vltal and cohesive role for the Hlndu community. Th8 temple's social, curtural, religlous and heahh actwilies have underpSnned all faiths, interfaith and multi-cultural aclivilies, notably Regular visits from $¢hools, inlerf8bth groups and Colleges Iwrt8iled during the year) Celebration of Hindu festivals either at the temple or onlino. Including Maha Shivratrl Holi (Exlefnal even1joinl supported by Hindu organlsatlonsl Ram Navmi Hanuman Jayanti 32 Anniver¥8ry of Shree Lgxmi Narayan Mandir (Pran Pratyshtha Palotsav} Janmashlami Shiv Pula Isomvati Amavasl Abhishek Shree Gane8h Mahotsav Shree Ramdevji Jayanli Navralri D8epavali & Chopda Pujan Tulsi Vivah Further.. 2021-22 Fln¥l- 14 2022 Page 5
Shree Hindu Community Centre Report and Financial Ststements For the Year Ended 31 March 2022 Devotees, m8rnbers and well.wish8rs ar8 kept infornied of the prop09ed activities of tho SHCC by regular announcem$n15 al congregations. electronically and print. SHCC has played a full role in supportlng the interfallh activities in Blmiingh8m and hosling meetings. SHCC has provided in-kind support lo other Hindu organisatlons. The Management Cemmiltee has identified key are8$ for the contlnuing development and improvements to be undertaken to underpin the SHCC ethos of providing services to the Hindu Community. 5.2 Anand Milan Kendra IAMK Anand Milan Kendra (Am provides sgrvl¢e8 for the elderly through tts Sev-finance approach and in-kind support from SHCC. Due to Cowd-19, no activities took plac8 al the Centre during the period. Regular contact was kept with soma members of the AMK perceived lo be vulnerable. 5.3 Sparkhlll Gujaratl School {SGS) Sparkhill Gujarati School ISGSI te8ches Gujarali lo children and youths up to GCSE 81andard. Through gUlar weekly sessions, pupils understand th6lr culluTe and Hlndu values to becorne law abiding and responsible ¢llizerTrs of the fulLJre. Due lo Covld-19, no activities took place at the Centre during th8 period. 6 Future Improvements SHCC aims lo continue lo modernise ils f8alilies and carry out rectifi¢alion l irnprovement works where deemed necessary. 7 Summary and Thanks AI SHCC, we are creating an environrnent wh&re individual members, their families and the wlder Hindu Community are proud lo belong and pariirAp319 in the regular 8Ctivilies. As 8 result, with the exception of the peiiods due to Covid-19. SHCC hag 8e8n a conslslenl growth in participation and in th8 usage of the centre faalities and its servIS over the past few years. As we gradually retum to post Covld normallly, this trend is likely lo continu8 with further improvement in comrnunlc4lion with the m8rnbers and th8 community. complotion of the Shikhar Project whlch provides a visible symbol for the Hindu Cornmunily, entrance improvement works and continuous Upgradinm0d9rnl5&I10n of tha sorvi8 and fBiylilies available to members. Our heartfelt thanks and apprecialon lo all the member and volunteers who, despite dllenging circumstances. have workÉd selflessly. Ilrelessly and given their preaous lime lo undern the activities of Shree Hindu Communty Centre I Shree Laxmi Narayan Mandir. Vwlhoul such dedication and self-sacrifi, our objectives and organisalionfimplemenlalion of tho èvents and activities would be harder to athieve and ultimately prove lo be unsustsinable. Signed for and on behalf ol the Trustees and Managernenl Committee by '. Mu sh Ladwg Préident ree Hindu Community Centr Jayanli Jagatla Vice President Shree Hindu Community Centr& Date L&7 IL Dale= 2021-22 Fkn81- 14 tl£c2022 Pag8 6
Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2022 Independent Auditorfs Report to the Trustee5 Of Shree Hindu Community Centre Oplnlon We have audrted the finanda 5tateMts of Shree Hlndu Communty Centre lthe'charwl for year ended 31 Marth 2022 which comprise the Ststeynent of FinarKial ALtMtles, the Balan Sheetand notes to the finanEial statements, indudirE gnificant acwunti pollcle5. The financlal reporting fram£work th has been appll&l in their preparation is appllL3Ue law and Unl1 10M Accounting standards. inCding Financial Rew)rn£stsndard 102 7heFinonclRep0rt1ngSdrdI7ppIK0b1e the UKandRepubliCoflrEknndlLlnit4 ngd(xM &neratyACpted AnIng prattl). In ourc4)inion the financlal statements.. veatrue arKlfalrviewof thestateofthethaiiVsaffalrsasatldateL andof its n(X)mIngrOUwand applcdonof resources inrludhg itsincomeande¥pendlture,fortheyearthenended,. havebeen peypreP2(eIn aCcordaethrted KbngthmG&)eTaltyN£(AccnngPractl,. and have teen prepwed in accOrdanwiththequements0fthe0)arlt1e5ACt20l1. Baslsfiyon We conLJcted our accordan with Intematlonal Standards on Audr(ing IUK) (1s IUKII and applIcale law. Our reSp)n51tIeS Und¥the stsndards are further dCribed ni theAudltorfs responslbilltks forthe audit of thefinanciHI 5trdtements5e£tion of ourTepJrt. We are 1rxkpendt ofthe charity in aCCordanWiththe ethlcal requirementsthatare relevanttoour auditoftheflnanaal Statements in the UK, induding the FRCS Ethlcal Standard, and we hwe fijlfilled our other ethKal re5ptnsibl1&e5 in acC[dan with these requiremwts. WebelththatthèaudStevSdencewe have obtsined i5suffiuentand appropriateto promde a bL$fOrourOpI0n. InaUdlngthefin8naaI statemènts,we havec¢)ncludedthatthetnJ9teel u5eofthegolnBconwn basis ofaccountinginlhewepardtK)n of thèfinanualstatemwtsls approwate. on thEwcd(we have perforrn&we have not KIw4tlfied any matertal uncertaine5 relatlEto events or(Dnthtlons that, indwally orcollectwdy, may L35t siÉnlficant cbubton thed)ariiVs abltytocontinue as a gdngcOrtmfora of at &S1¥d¥e rnonthsfrom wIthefinandal$tatementsare authortsedforl&sue. OurraSpL¥RjIIY(Ie5andtheresportsknI IlttlesofihetrusteÉ%wlth re5txttOBolngconcemaredescribed Itherevsectknn50fthIs reporL The other InfcKfflation comprises the informatlon Sncljded in the trustees annual rewrt, other than the finanaal 5taterrknts and our audltorfs rep)rt thereon.The trustees are reswnsible for the other Informatlon contalned within the annual report. r opinlon Lx) the tlnanaal stateMts does not cover the other Infomiabon and, except to the extwt otherwtse expltty stated h our reporL we do mt Apress aryfom) of assuran (rjncl0nIhere. Our responsibility is to read the othw Infornwtth at)d, In dolThdso, conderVARtherthe otherinformatk)n ts Material IrKonslstentwtth thefinan(iaIstatementsorourkThedBeObtalned inthecourseoftheaudllorotherwaPpeat0be materlallymisstated. ff weidentify wth material inconsistenae5 or apparwrt material MStatements, we are requlred to deternwne whether thi% gi rise to a matorlal mlsstatenent In the flnanualstatements themsdves. ff, based on the wofk we have perfoymed, we condude that the15 a material mlsststementofthlsotherlnformatkjwe are requlred torewjrtthatfact. Wehave nothlngto repCrtlnth reÈard. Mattascffiwl4thv4earererylryltowrttyex•n We have )thg to report of thefdt0VMt mattws In reLition to vhth the Charibes (Accounts aNI Re[) Rulatio 21K)8 requi us to reporttoyou if, Inouropinion- Ihe Infomatlon given inthefinanualstatementsis inoJrnslstentkn ary matertal resp&tththetNsteeg report,. or thechartyhas notkeptadequateaccounting record5. or 2021-22 Flnal- 14 Oec 2022 Pag8 7
Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2022 thefinanaalstatementsarenotina8reementwiththeaccountlngrerxJrd5 and retums,'or WehaVentstrpwed allthe infomiation and ewlanations werequireforouraudlt. RblittesOfTn Asexplained morefulWlnihetrustees'responsibilfcie5Statemen¢ thetruStees8rere5poib1efortheprepalatiOn0ftheflnanCKH1strtements and for belngsaUsfiedthattheyOve atrue andfairMew,alld forgjd) internal Contr as thetrUSte detemilne Is nece5sarytoenallethe preparation offinancralstatementsthatarefreefrom rnaterial mlsststement whetherdueto ud orerror. In ppaTier1nandal5taternents, thetru5tee5are resp)1bfOrasses5lngthe rh3rftrfsabllitytocontlnueasagoingconcÉm, dClosIng sapplicable,matter5 relatedtogoin8corKernand ushgthegoing conrn bassof accoundngunle55thetrusteesetiherintendto liquidate the charltycxto (ta5eoperations, orhave no rea1LdiCaernatebUttO doso. Ath1Sresp1l1tteSfortrayrt0fthefJalstatew We have been appobnted as auditor ufidersectm 144'ofthe Act 2011 and report in ardan wth regulations made uThler secti)n 154of thatAcL Ouroblettwesareto obtain reOnabaSsUrdnCeabCYJtwhetherthef1nanaal staternents a wholearefreefrom material misstatement, whetherduetofraudor error, and to Lssuean audltorfs reportthatlndudes wropinKJn. Reasonable assuran is a of assUrne, but not a 8uararrt that an au(1 conducted In accordanTr wfch ISAS IUKI will aa¥S detett a materlal misstatement when exists. MlssrhtÈYnents can arlse from hud or error a¥KI are Coldyed material ffi, indimdually or in the aggJe8ate, they could reasonabty be expectedto inflUenthee¢Qorn1cdeciSIonS of u5erstaken on the basisofthese finanaal strternts. lwl3ritie5, Indudlng fraud, are ltrtstances of nO<(npl18n wlth laws and regulat10. We djgn procedures in line wth our reSponbIlitI, outlined above, to dett matEflal rntaterrents In respeLt of Irre@ularitie5, indud1 fraud. The extent tr) which our prctsdure5 arecapableof deteLtin8iwlariYes, irKlu(fingfraud isdetailed betow.. Bause of the Inherent lirritatiorts of an audiL there Ls a rLskthatwe will not detect all irregulariti, inthdingthosè leadin8 to a materfal misstatement In the naa31 statements or non-complianTr with wlation. risk increases the more that compl]an wlth a law or ulatlon is removed from the events and transact refiected In the finanual statements, aswemrill be I fike to become aw3reof Instanos of non-com18. The risk is aLso grater regarding irregularStle5 ocaJrrin8 due to fi7ud rather than error, as fraud invok intentional concealmenLfoT8ery, collusion, omis5ion0rmlsrq)resenlatn. A further desttiption of our r&porwbilitie5 Is avallable on the Financial RepornE Ctwnufs wthite at.-htt Audi Audit-anck3Ssuranc Stsnddrds." t3ndard5 and u1danc>for-aLiditorAudl10rS-ri- tiowf-au itorse5 bilttos-for-auditA x.ThLs description foms partofourauditorfs report.] Userfowiyrt report is Madeset0thChastrUstee5, asa bjdyi In accOrdanWIth Pat4ofthe charft (Accountsand Rwrt51 Re8ufatvJns 2(KB. CraUditwOrf(ha5 been un(knken sothatwe mEhtst3tetotheCharfVstrustee5theMatter5weare reqUIrt0$tetOtheM inan auditorfs reportarKI f0rnootherptsrpe.T0thefvlje5teXt}tperm1ttedb¥ law.we d0nOtaptOr3ssllme responslbllitytoanyone otherthan Ucharityandthecharitl5bustees as a body, f ourauditworlforthis repory oift)rtheoplni0we havefomied Swed: Date.. 19 D&embeT 2022 Nebulo Accountunts, fStatutoryAudltorJ 31 Cmwnway Chellaston Derby DE73 5NU Nebula Accountants Is eliglble To oct os on audltorin terms of Sertion 1212 of the Cornpanies Act2(Kt6. 2021-22 Flna- 14 Dec2D22 Page 8
SHREE HINDU COMMUNITY CENTRE STATEMÉNT OF HNANCIALAcnvmES FOR THE YEAR ENtJED 31 MARCH 202Z General Fund5 Restrlcted Funds Total FuTrd5 31.3.2022 Totsl Funds 31.3.2 Note5 SNCOMING RESO Donatlons Investment IncDme Other Income 86,952 617 27,304 86.952 62,70 27.304 66,254 59,763 20,736 TOTAL INCO RESOURCES 176.956 176,956 156.753 RF50V ES EXPENDED Man3geTnent & AdmlnlstratloT> 95,425 95,425 57,208 TOTAL RESOLIRCES EXPEND 95,425 95,415 57,208 NET INCOMING RESOURCE5 FOR THE YEAR Total Funds Brou8ht Forward at IstAprll 2021 81,531 1.782.667 81,S31 L781667 99,545 L683,122 TOTAL FUNDS C4RRIED FORWARD
lst M8rth 202Z at £¥864,198 É1,781667 £V64,IY8 £0 pa8e 9
SHREE HINDU COMMUNITY CENTRE BALANCE SHEET AS AT 31 MARCH 2022 Notes 31.3.2022 31.3.2021 FTrXEDASSETS Tangible assets Investment Properdes (Resldentlèll 1,047,536 I,ioopoo 648.900 L,LK12,307 2,147,536 1,651,207 CURRENT ASSETS Debtors Cash in Hand 8alantes 8t Bank 7C 142,821 131660 143,521 132,660 CURRENT LIABILinES Credltors- amDuntsdu2 wlthln one year 329,166 1,200 329,166 NET CURRENfASSET5 .£IB5,645 £131.460 TOTAL NET ASSETS £1.961.891 £1,782,667 REPRESENTED BY.. FUNOS Generydl Deslgnated Restrltted property Revaluauon reseve TOTAL FUNDS 1,744,198 120.L 1,532,667 250,000 12 li 97.693 I96191 1,782,667 Approved by the M3nagementCommittee on ZL and si8ned on Its behalf by Ladwa- Preslden Jayanfj Jagatia- V¥ce President (SHCCI Page 10
SHREE HINDU COMMUNITY CENTRE NOTE5 TO THE FINANCIAL5TATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NATIONS Re Funds Totsl Fund5 31 To l Funds 31,3.Z021 Funds General Donatlons - Non GlftAld Gift Aid H,372 25,031 44,372 25,031 57.079 7,615 HMRC GIftAld Claim Pefj Co1¢01)n from Mandir 17.550 17.550 1.560 86,952 86,952 66,254 ESTMENT IN Genera Funds Re5tr1rted Funds Totsl Fullds 31. Totsl Funds 1.3.2021 Rental Interest Recewed (Gross I 62.698 61698 S9,749 62,7LNJ 62,700 59.763 HER INCOME neral Fund5 Total Fund 31.3.2022 Total FuTrd$ 31.3.2021 Funds Gr3nt recewed Life & Annual MeMbehIp Fees Events & Trips Rellglous & Cultvral Funclon5 4,750 22 4,750 22 26099 4.297 325 17,910 4,297 325 17,910 2,611 3C•J Sundry Income Anand Mi13n Kendra Gularatl School 125 27,304 27,304 30,735 Page 11
SHREE HINDU COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMEwfs FOR THE YEAR ENOED 31 MARCH 202Z NAGEMENf&ADMINISTRATION EXPENSES General Funds Total Fund 31.3.2022 Totsl Fund5 31. Fvnds Rell8lous & Cuthral Functlons Events &Trfps Project Expenses e.g, Walkathon Salaries & Natlon81 Insurance TelephonÈ Water Gas Electdcitv Insurance BulldlnE Repalrs Llft & Equipment Malntenènce 7rHvelling & Subslstpnce Println8,StatK)neryi P05tsge. Computer yglene Sub5crlptlon Sundry Audlt & Proffesslonal Fee5 Bank Charge5 DeprecSatlon- Building DeprÈti3tion- Flxtures & Equipment Anand Mllan Kendra Gularatl School L015 1,0 1,791 6.031 1,014 4.C47 3,622 1.996 5,043 8,950 4,$00 6,031 1.014 4,047 3.622 1,996 S,IM3 8,950 4,600 2,654 1.259 3A42 1,727 5,299 5,720 1.830 36 762 lu91 1,740 50 25.750 3.590 1,541 4AIO L541 4,410 50 41,543 10,123 4L543 10,123 75 95,425 9SA25 57.207 TANGIB FIXED AssErs Freehold urtles Mandl xtures & Totsl Cost At lstAprfl 2021 Addltions 987.962 420,584 20,126 193,208 29,718 1,201,296 450,302 At 31st March 2022 20.126 222,925 L651,598 Depreclatbon At 1stApril 2021 Chèr8e for theyÈÈr 369,962 41,$43 182,435 10.123 552,397 5L666 At 31st March 2022 411,505 192,558 604,063 Nrtgook Value At 31st Match 2022 997,041 20,126 30.367 1,047.536 At 3tst March 202L 618,) 20.126 10.773 648,9C Pai¢
SHREE HINDU COMMUNITY CENTRE NOTE5 TO THE FINANCIALSTATFMENTS FOR THE YEAR ENDED 31 MARCH 2022 NVEST T PAOPERTIE5 31.3.2022 1.3.2021 2 HÈvelock Road FHiTValue 537W3rwick Rtsad Fairvalue 624-630 Walwick Road Falrvalve 160,Q( 170,LVJO 770,OW i.M)o,000 125,(X)O 145.ThJO 732,307 I,(KJ2,307 EBYOPS LL22 3L3.202 Sundry Qlebtors CA5HA BANK BALAPI 31.3.2022 L3.2021 Cash Hand Bank 700 142,821 14a.521 132.660 132.660 DITORS .3.20 Sundry Creditors & Accrua15 329,166 1,2(Kl 329,166 L200 10 FUNDS 31.3.2022 Balanie at the beginnin8 of the year Net Movement In fund5 durtngthe year 1,782,667 81.531 1,683,122 99.545 Balance atthe end ofthe year 1.864.198 1,782.667 11 PROPERTY MEVALUATICV4 RESE FUND 31.3.2022 1.3.2021 propÈrty Revaluation 97,693 12 DESIGP4ATED FUNDS The Mana8ementCommittee has de5ignoted £120. for the 5hlkhar Prolett and ExternalllntÈrnal Improvements (except Sèrèswati Halll 13 PAYMENTS TOTRU EES P4oTrustees. Office Bearers or Management ComThlttÈe l MC I membeis were pald any remuneralion as Trustees, Office Beares or MC members. PaEe 13
SHREE HINDU COMMUNITY CENTRE NOTES TO THE FINANCIAC STATEMENTS FOR THE YEAR ENOED 31 MAR H202 ACCOU14TIP4G POUCIE5 1.1 Basls of prep8ration These actounts have been prÈptred.. al Ltndef the hlstorl¢al cost conventlon wlth items reco8nlsed at costort¥ansaction vale unless otherwlse stated In the rel•t notelsl to these accounts. bl In actordance with the Flnanoal Reportln6 Standard appllcable In the Unlted Kln8dom and Republlc ol Ireland IFft51021 and wlth the CharffjesAtt 2011. 1.2 Dottatlons and vOlnterylnrtsrn9 All don3tlons and voluntary Income are attounted for 8ross when reCVable, ès long as they are capable oFfinanckl measurÈmenL 1.3 Grants aThd contrlbutlons Grants and contributions of a revenue nature are credlted io Income In the perlod towhith they relate, Grants and contrlbutlon5 received relaUnB to Infrastructufe assets have been deducted from tOSt of fixed assets. The effertofsuch treatment would resvlt in the book valup oF¢ertaln assets belng5tsted at the cost lower than Itwould othÈrwise have been. Thi5 15 not èttJrdance with generalty Hccepted accounting prictlce and appllcablp accountln8 Standard5, whlch requires aststo be shown atthelr purchasÈ prlce and hence. grants 3nd contrlbutions to be presented a5 deferred Income. The departure, In the oplnlon oftheTrusTre5,1s necessary to give true and tsirview as no provision rnade for depreclatbn and any 8fdnts and £ontflbutlon5 relatln8 tosuch a55et5would not be raken to the statementof finènclal activities. Any othpr treatFDentwoutd not make a material difference to the finaryclal actlvlles orlunds Shown. 1.4 Flxed aSW5 and depreclatlort Tan8lble fixed a55ets are stated attost le55 grants (see note 1.3 above) ènd actumulatsd depreciation. Depreciation Is caleuLHtpd to write off the costle55 thelr esumated rE51dual value over thelr expected usefitl lives on the following ba51s'. Bulldln8s and property improverr¥ent5 Murtlsafid"mandlrt fixture5 All othÈrassets 4% on redudn8 balance basls Isee note 1.31 Betsveen IO%and 33.3% OTr reducing balance basls 1.5 Irve51mEnt Prop•lles Investment Propert$ are ststed Èt frdlr marketvalue. All Income re¢elved from the resldeniial prope¥tses Is used forcharftèble purp05e5. 1.6 DescrlpllL and use of funds Capltal fund5 are perm3nentendowment5 whlch are requlied to be retalned. butthe Income from these fvnd5 cars be usèd for the benefitof SHCQ subject in rprtHin cases to specific re5trlctlon contsined In the orl8lnal endowrnent. Restrirted funds are fvnds whose use Is restricted to 5peclflc purposes accordlrK8 to the term5 OTr whkh the fundswere recelved. Unrestrlcted fund5 may be 5pert genÈralty for furtherin8 the oblertlves and £harltsblÈ work of SHCC Certaln funds have been IIDtated by the Mèna8ementComrnittee forthe ienovatlon andlor maintenance of5HCC properUes, The Commlttee retslns the author5ty to re-all(Kate such funds, and $0 they are treated as Designated FundswlthiD the Unrestricted Furid 1.7 T•xallon 5HCCls restered as a Charity wlth Charlty CommSsskJn, and In accordance the provlsl¢)n5015ectlon 505. Income3Thd CorpDration T#x Art 1988, Is exempt from Ilabiltyfortaxatlon. Pale 14