cOMrtIUfy/,'
SHREE
HINDU
COMMUNITY
CENTRE
b/RtsiNGHK*,
Charity Registration No: 509274
541a Warwick Road
Birmingham,
B112JP
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR
ENDED 31 MARCH 2024

Shree Hindu Community Centre
Report and Financial Statements
For the Year Ended 31 March 2024
CONTENTS
Page
Reference and Administrative Information
Report of Trustees
Structure, Governance and Management
Objectives and Activities
Achievements & Performance
Trustees Responsibilities
Key Highlights of the year
Future Improvements
Summary & Thanks
Statement of Financial Activities l Balance Sheet
Notes to the Financial Statements
9-11
Independent Examiner's Report
12
Accounting Policies
13

Shree Hindu Community Centre
Report and Financial Statements
For the Year Ending 31 March 2024
Reference and Administrative Information
Charity Number 509274
Registered 541a Watwick Road,
Address Birmingham
8112JP
Independent Nebula Accountants & Registered Auditors
Examiner 31 Crown Way
Chellaston
Derby
DE73 5NU
Bankers TSB
2136 Coventry Road
Bimiingham
B26 3JW
Bank of India
182 Soho Road
Birmingham
B219LP
Stale Bank of India
118 Soho Road
Birmingham
B219DP
Management The AGM was held on 3rd December 2023. The presenl Management Committee is as follows '.
Committee
President Vasant Chauhan
Vice President
Secretary Vijay Inamdar
Assistant Secretary
Treasurer
Assistont Treasurer Dr Anjum Gandhi
Committee Ramesh Chauhan
Chndrakant Chavda
Dr Shalini Gandhi
Dhiraj Jagatia
Rambhi Karavadra
Hargovind Miangar
Jayesh Mianger
Ajay Pancholi
Narendradeo Parmar
Rasik Parmar
Anju Shah
Prafulla Sheth
Bhawna Solanki
Vinod Thakrar
Co-opted Shivan Dhorajia
TTUStees Mukesh Ladwa
Chandrakant Pattni
Mahendra Dabhi
Harilal Shah
Anjana Shelat
2023_24 Final- 16 June 2025
Page I

Shree Hindu Community Centre
Report and Financial Statements
For the Year Ended 31 March 2024
The Trustees present Iheir report and the independently examined financial statements of the charity for the year ended 31
March 2024. The trustees have adopted the provisions of the Slatement of Recommended Practice (SORP) "Accounting and
Reporting by Charities" in preparing the annual report and financial statements of the Charity. The financial statements have
been prepared in accordance with the accounting policies set out in noles to the accounls and comply with the Charity's
governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland published in October 2019.
1 Structure, Governance and Management
1.1 Govèrnlng Document
Shree Hindu Community Centre is a registered charitable organisation and it is governed by a constitution registered with
the Charity Commission in November 1979.
1.2 Appointment of Trustees
The legal, management and operational responsibility are bestowed on the Management Committee which is elected from
the Charity's members. The Management Committee currently comprises 23 members from whom the 6 main office
bearers and 4 Trustees (or more) are elected. The Management Committee has powers to co-opt up to 5 additional
members.
1.3 Related Parties
Shree Hindu Community Centre is an independent, voluntary organisation, and it is not formally linked to any othèr
organisation with similar names.
1.4 Risk Management
The Trustees and the Management Committee reviews risk5 on an on-going basis to which the Charity is exposed and lo
ensure appropriate controls are in pla￿ lo provide reasonable assurance against fraud and error and are satisfied that
the systems are in place to mitigate exposure to the major risks.
202&24 Final- 18 June 2025
Page 2

Shree Hindu Community Centre
Report and Financial Statements
For the Year Ended 31 March 2024
2 Objectives and Activities
2.1 ObJeC￿veS of the Charity
SHCC was formed in 1979 by Hindu community groups in Birmingham to promote Hindu religion and culture, and to
facilitate social, cultural and educational activilies for local communities. In furtherance of these objectives, SHCC
Organises cultural, educational and religious I spiritual programmes
Holds participative classeslworkshops for dance and music
Promotes Gujarati and Hindi language
Promotes Yoga and self defence
Provides facility for religious activities and functions
Provides support and facilities to its members
Represents the interests of the Hindu community and actively promote5 Hindu values.
SHCC is a member of a number of umbrella Hindu organisations, namely Hindu Council of Central England {fomierly
Hindu Council of Birmingham), National Council of Hindu Temples and Hindu Forum of Britain. SHCC also works with a
number of partner organisations. notably Bimiingham City Council, Solihull Metropolitan Borough Council and
Birmingham Faith Leaders Group.
2.2 Organisation Structure
SHCC is an independent, community-based, volunlary organisation that has a mandate lo pursue such activities deemed
appropriate in the furtherance of the objectives as laid down in the Constitution.
SHCC is run by a management committee, which is elected by the members of the organisation al an Annual General
Meeting. The main office bearers are then elected from the elected members.
As part of its wide range of activities, SHCC operates .
Anand Milan Kendra {AMK). a day ￿ntre for the elderly, is based at SHCC. It is also responsible for keeping the
basic financial records of its day-to-day activitie5 and reporting to SHCC Management Committee on a regular
basis. SHCC has the overall responsibility to ensure that AMK is managed and run efficiently and is operating to
promote the overall objectives of SHCC.
Sparkhill Gujarati School (SGS) is based at SHCC. It Is responsible for keeping financial records of its activilies
and reporting to SHCC Management ComTnittee on a regular basis. SHCC has the overall responsibility to
ensure thal the Gujarali School is managed and run efficiently.
The functioning of the Shree Laxmi Narayan Temple and the religious and spiritual activities is the responsibility of an
appropriately qualified. full-time priest with support from the religious sub-committee and dedicaled patrons of the temple.
Additionally, SHCC also manages other major activities and improvements through sub-committees as follows '.
Religious Committee
Cultural Committee
Building Maintenance Committee
Finan￿ CoTnmittee
Anand Milan Kendra Committee
Gujarati School Committee
2023.24 Final- 16 June 2025
Page 3

Shree Hindu Community Centre
Report and Financial Statements
For the Year Ended 31 March 2024
3 Achievements and Performance
3.1 Financial Review
With the aid of sound financial management and the support of members and well-wishers, SHCC generated an income
of £261,907 with the overall expenditure of £179,679 which includes deprecialion of £55,519 resulting in a surplu5 of
£82.228.
3.2 Investment Power & Policy
The Constitution of SHCC empowers the Management Committee to pursue investments and financial policies that will
solely benefit SHCC. Having considered the options. the Management Committee had decided to utilise some of Ihe
income towards improvement of the external faGade (i.e. Ihe'shikhar Project.) and refurbishment of the enlrance of Swami
Vivekananda Hall.
3.3 Reserves Policy
The Trustees and the Management Committee review the reserves policy which includes a consideration of the nature
of the Income and Expenditure streams, the requirement to malch variable income with fixed commitments and a
consideration of the nature of the reserves. After reviewing the anticipated income and expenses, the Committee has
decided to priorilise payments to Ihe creditors before considering further capital improvement works, save as any priority
building maintenance works such as roof and truss repairs to the Saraswati Hall balcony and tower.
3.4 Ongoing Works I Plans for the future
During the year, SHCC completed the internal and extemal improvements including the'shikhar Project. works. Wilh the
exception of Saraswati Hall repairs as stated aforesaid and other relatively minor improvements, no other major
improvements are planned during the period to 311312024 and beyond until the creditor amount has been substantially
eliminated which save as any unforeseen events or circumstances is expected to be by 311312025.
3.5 Financial Results & Investments
SHCC does not have any long-term cash investments and therefore there are no financial results to declare.
3.6 Charity's Properties
SHCC owns the following properties .
541a Warwick Road, B112JP
537 Warwick Road, B112JP
624-630 Watwick Road, B112HJ
2 Havelock Road, 8112RG
4 Trustee's Responsibilities
The trustees are responsible for preparing the Trustees, Annual Report and the financial stalements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿}.
The law applicable lo charities in England & Wales requires the trustees lo prepare financial statements for each financial
year which give a true and fair view of Ihe stale of affairs of the Charity and of the incoming resources and application of
resources of the charity for that period. In preparing these financial statements. the trustees are required to..
select suitable accounting policies and then apply them consistently.,
obSe￿e the melhods and principles in the Charities SORP 2015 IFRS 102>-
make judgements and estimales thal are reasonable and prudent-,
state whether applicable accounting standards have been followed. subject to any material departures
disclosed and explained in the financial statements..
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charity will continue in operation.
2023-24 Final- 18 June 2025
Page 4

Shree Hindu Community Centre
Report and Financial Statements
For the Year Ended 31 March 2024
The trustees are responsible for keeping proper accounling records that disclose with reasonable accuracy at any time the
financial position of the charity and enable them to ensure that the financial statements comply wilh Ihe Charities Act 2011,
the Charities (Accounts and Reports) Regulations 2015 and the provisions of the trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
In so far as the trustees are aware..
there is no relevant audit infomiation of which the charitable company's independent examiner is unaware., and
the trustees have taken all steps that they oughl lo have taken to make themselves aware of any relevant audit
information and to establish that the independent examiner is aware of Ihat information.
5 Key Highlights ofthe year
During the year, SHCC returned to normality with the completion of the external improvement works including the 'Shikhar
Project, and internal improvements to the right of the premises, i.e. the Swami Vivekananda Hall and the Mandir Hall. The
frontage of the premises received substantial transfonnation with new perimeter wall, railings, relocaled ODA compliant
access ramp and new paved areas.
The Mandir Hall was also Iransformed with improved lighling and decoralion in keeping with the ambience of the Temple.
As a result of the successive phased transfomialion of the premises over several years, punctuated by the effects of
Covid, SHCC has now established ilselfas a prominent landmark on a major route between Birmingham and Solihull as
well as a Centre facilitating activities for members of the communily of all ages either born in the United Kingdom or
originating from numerous slates across India.
With the robust financial management and donations, SHCC'S financial position remains reasonably healthy (bolstered
by regular income from the Investment Properties). SHCC'S balance sheet has seen consistent increases over the last
11 years.
5.1 Shree Hindu Community Centre I Shree Laxmi Narayan Temple
Shree Hindu Community Centre I Shree Laxmi Narayan Temple has continued to play a vital and cohesive role for the
community. The temple's Social, cultural, religious and health activities have underpinned all faiths, interfaith and multi-
cultural activities, notably
Regular visits from schools, interfaith groups and colleges
2 weèk Summer Sanskar Club (during school holidays) for children aged 5-13 years
Celebration of Hindu festivals either at the temple or online. including
Maha Shivratri
Holi (external event supported jointly by Hindu organisations)
Ram Navmi
Hanurnan Jayanti
32nd Anniversary of Shree Laxmi Narayan Mandir (Pran Pratishtha Patotsav)
Saiya Narayan Kalha
Samuh Pitru Pujan
Janmashtami
Shiv Pula
Shree Ganesh Mahotsav
Shree Ramdevji Jayanti
Navratri
Deepavali, Chopda Pujan & New Year
Jalaram Jayanli
Tulsi Vivah
Further=
Devotees, members and well-wishers are kept infomed of the proposed activities of the SHCC by regular
announcements at congregations, electronically and print.
SHCC has played a full role in supporting the interfaith activities in Birmingham and hosting meetings.
SHCC has provided in-kind support to other Hindu organisations.
2023-24 Final- 18 June 2025
Page 5

Shree Hindu Community Centre
Report and Financial Statements
For the Year Ended 31 March 2024
The Managernent Committee continues to identify aclivities and improvements to be undertaken to underpin the SHCC
ethos of providing services to the Hindu Community.
5.2 Anand Milan Kendra (AMK)
Anand Milan Kendra IAMK) provides services for the elderly through its self-finance approach and in-kind support from
SHCC.
5.3 Sparkhill Gujarati School (SGS)
Sparkhill Gujarali School (SGS) teaches Gujarati to children and youths up to GCSE standard. Through regular weekly
sessions, pupils understand their culture and Hindu values to become law abiding and responsible citizens of the fuluro.
6 Future Improvements
SHCC aims to continue to modernise its facilities and carry out improvement works where necessary subject to meeting
the priorities identified elsewhere in this report.
7 Summary and Thanks
At SHCC. we continue to create an environmentwhere individual members, theirfamilies and the wider Hindu Community
are proud to belong and participate in Ihe regular activities. As a result. with the exception of the periods due to Covid-19,
SHCC has seen a consistent growth in participation and in the usage of Ihe Centre facilities and ils seNices over the past
few years. We have seen evidence of Éhis trend continuing with increase in database and further improvement in
communication with the members and the community,. complelion of the Shikhar Project which provides a visible symbol
for Ihe Hindu Community, internallextemal improvement works and continuous upgradinglmodernisation of the services
and facilities available to members.
Our heartfelt Ihanks and appreciation to all members and well-wishers who have generously donated and countless
volunteers who have worked selflessly. tirelessly and given their precious time to underpin the activities of Shree Hindu
Community Centre I Shree Laxmi Narayan Mandir. Wilhout such dedication and self-sacrifice, our objectives and
organisationlimplementation of the events and activities would be harder to achieve and ultimately unsustainable.
Signed for and on behalf ofthe Truslees and Management Committee by '.
Vasanl Chauhan
President
Shree Hindu Community Centre
kesh Ladwa
ruslee
Shree Hindu Community Centre
Dale =
,/,/.
Date .
2023-24 Final- 16 June 2025
Page 6

SHREE HINDU COMMUNITY CENTRE
STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024
Notes
General
Funds
Restrlrted
Funds
Total Fund5
31.3.2024
Total Funds
31.3.2023
INCOMING RESOURCE5
Donations
Investment Income
Other Income
129,585
74.866
57.455
129,585
74,866
57,455
92,664
69,469
132,884
TOTAL INCOMING RESOURCES
261,907
261,907
295,017
RESOURCES EXPENDED
Management & Administration
179,679
179,679
158,722
TOTAL RESOURCES EXPENDED
179,679
179,679
158.722
NET INCOMING RESOURCES FOR THE YEAR
Total Funds 8rought Forward at 1st Aprll 2023
82,228
2,000,493
82,228
2,000,493
136,295
1,864,198
TOTAL FUNDS CARRIED FORWARD
31st March 2024
at
£2,082,721
£0
£2,082,721
£2,000,493
Page 7

SHREE HINDU COMMUNITY CENTRE
BALANCE SHEET AS AT 31 MARCH 2024
Notes
31.3.2024
31.3.2023
FIXED ASS￿5
Tangible assets
Investment Properties IRe5identiall
1,079,834
I,ioo,000
1,085.045
I,ioo,000
2,179,834
2,185,046
CURRENT ASSETS
Debtors
Cash in Hand
Balances at Bank
6,000
700
115,320
12,561
700
157,325
122.020
170.586
CURRENT LIABILITIES
Creditor5- amounts due within one year
121.440
257,446
121.440
257,446
NET CURRENT ASSET5
£5BO
1£86,8601
TOTAL NET ASSETS
£2,180.414
£2,098,186
REPRESENTED BY..
FUNDS
General
Designated
Restricted
Property Revaluatlon reSe￿e
TOTAL FUNDS
io
12
io
li
2,082,721
2,000,493
97.693
2.180,414
97,693
2,098,186
Approved bythe Monagement Committee on I"G
and signed on its behalf bv
Vasant ChaL2han - President1SHCCI
Muke
Ladwa- Truste
ISHCCI
Page 8

SHREE HINDU COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
DONATIONS
General
Funds
Restrlcted
Funds
Total Funds
31.3.2024
Total Funds
31.3.2023
General Donatlons Non Gift Aid
Gift Aid
51,454
37,459
8,000
32,672
51,454
37,459
8,000
32,672
23,682
16,432
21,067
31,383
HMRC GiftAld Claim
Peti Collection from Mandir
129,585
129,585
92,564
INVESTMENT INCOME
General
Funds
Restrlcted
Funds
Total Fund5
31.3.2024
Total Fund5
31.3.2023
Rental
Interest Received (Gros51
74,785
81
74,785
81
69,460
74,866
74,866
69.469
OTHER INCOME
General
Funds
Restrlrted
Funds
Total Funds
31.3.2024
Total Funds
31.3.2023
Grant received
Llfe & Annual Membership Fee5
Event5 & Trips
Walkathon IOct'221
Religious & Cultural Funttions
Hall Hire
Sundry Income
Insurance Claim-covid 19
Anand Milan Kendra
Gujarati School
7,400
3,189
1,075
7,400
3,189
1,075
12400
960
41,710
22,362
12,285
1.130
25,000
15,637
1,400
22,678
6,496
1,768
22,678
6,496
1,768
12,702
2,147
12,702
.2,147
57,455
57,455
132,884
Page 9

SHREE HINDU COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MANAGEMENT & ADMINISTRATION EXPENSES
General
Funds
Restrlcted
Funds
Total Funds
31.3.2024
Total Funds
31.3.2023
Religious & Cultural Functions
Events & Trips
Project Expenses e.g. Walkathon
Salaries & National Insurance
Telephone
Water
Gas
Electricity
Insurance
Building Repairs
Lift & Equipment Maintenance
Travelling & Subsistence
Printing, Stationery, Postage, Computer
Hygiene
Subscription
Sundry
Audit & Proffessional Fees
Bank Charges
Depreciation - Building
Depreciation - Fixtures & Equipment
Anand Milan Kendra
Gujarati School
18,391
1.071
18,391
1.071
8,159
791
2,683
6,600
1,694
5,251
6,220
6,474
5,396
32,587
3,201
16,123
1,485
2,065
5,508
9,168
6,466
32,416
7,121
16,123
1,485
2.065
5,508
9,168
6,466
32,416
7.121
1,743
5,189
219
2,941
1,464
84
41,960
13,559
12,706
1.743
5,189
219
2,941
1,464
84
41,960
13,559
12,706
1,499
2,090
35
4,005
4,308
55
41,798
17,041
8,835
179,679
179,679
158,722
TANGIBLE FIXED ASSETS
Freehold
Pro
Murtie5 &
Mandir
Fixtures &
ments
Total
Cost
At 1st April 2023
Additions
1,467,100
45,191
20,126
2,001
260,720
3,115
1.747.947
50,307
At 31st March 2024
1,512,291
22,127
263,835
1,798.255
Depreciatlon
At 1st April 2023
Charge for the year
453,303
41,960
209,599
13.559
662,902
55.519
At 315t March 2024
495,263
223,158
718,421
Net Bookvalue
At 31st March 2024
1,017,028
22.127
40,677
1,079,834
At 31st March 2023
1,013,797
20,126
51,121
1,085,045
Page 10

SHREE HINDU COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT PROPERTIES
31.3.2024
31.3.2023
2 Havelock Road Fair Value
537 Warwick Road Fair Value
624-630 Warwick Road Fair Value
160,000
170,000
770,000
I,ioo,000
160.000
170,000
770,000
I,ioo,000
DEBTORS
31.3.2024
31.3.2023
Sundry Debtors
6,000
12,561
6,000
12,561
CASH AND BANK BALANCES
31.3.2024
31.3.2023
Cash in Hand
Bank
700
115,320
116,020
700
157,325
158,025
CREDITORS
31.3.2024
31.3.2023
Sundry Creditors & Actruals
121,440
257,446
121,440
257.446
10 FUNDS
31.3.2024
31.3.2023
Balance at the beginning of the year
Net Movement in funds during the year
2,000,493
82,228
1,864,198
136,295
Balance at the end of the year
2,082,721
2,000,493
11 PROPERTY REVALUATION RESERVE FUND
31.3.2024
31.3.2023
Property Revaluation
97,693
97,693
97,693
97,693
12 DESIGNATED FUNDS
None
13 PAYMENTS TO TRusfEES
No Trustees, Office Bearers or Management Committeè l MC I members were paid any remuneration as Trustee5, Office Beares or
Management Committee member5.
Page 11

SHREE HINDU COMMUNITY CENTRE
14 INDEPENDENT EXAMINER'S REPORTTO THETRUSTEES OFSHREE HINDU COMMUNITYCENTRE
I report to the Charity trustees on my examination of the accounts ot the Charity for the year ended 31 March 2024 which are set
out on pages 7 to 11.
Responslbllitles and basis of report
As the chariws trustees you are responsible for the preparation of the accounts in accordance with the requirement5 of the
Charitie5 Act 20111'the Act'l.
I report in respect of my examination of the Charitvs 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 Commi55ion under section 14515llbl of the Act.
Independent Examiner's statement
I have completed my examlnation. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
l. Accounting records were not kept in respert of the Charlty as required by Section 130 of the Act,. or
2. The accounts do not accord with th05e records,. or
3. The accounts do not comply with the app5icable requirements concerning the form and content of accounts set out in the
Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which
15 not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed ..
Christlan Cloherty (Partner & Statutory Auditor, FCCA, CTAI
Nebula Accovntants & Registered Auditor5
31 Crown Way
Chellaston
Derby
DE73 5NU
Page 12

SHREE HINDU COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
1.1 Basis of preparation
These accounts have been prep8red
al Under the historical cost convention with items recogni5ed at COSt or transaction value unle55 Otherwise stated In the relevant
notels) to these accounts.
bl The Trustees present their report and the Independently examined financlal stslemenls of the charity for the year ended 31 March
2024. The trustees have adopted the provisions of the Statement of Recommended Practice {SORPI "Ac¢ounling and Reporting by
Charities" in preparing the annua5 report and financial statements of the Charity.
The financial statements have been prepared in accordance with the accounting policie5 set out in notes to the account5 and
comply with the Charitvs governing document, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to Charities preparing their accounts in accordance with the Financlal Reporting Standard
applicable in the UK and Republic of Ireland published in Ortober 2019.
1.2 Donation5 and voluntary Income
All donations and voluntary income are accounted for gross when receivable. as long as they are rapable of financial
measurement.
1.3 Grants and contributions
Grants and contrlbutlons of a revenue nature are credited to income in the period to whlch they relate.
Grants and contributions received relatlng to Infrastructure assets have been deducted from c05t of fixed assets. The effect of such
treatment would result in the book value of certain assets being stated at the cost lower than it would otherwise have been. This is
not in accordance with generally accepted accounting practice and appllcable accounting standards, which require5 assets to be
shown at their purchase price and hence, grants and contributions to be presented as deferred income. The departure, in the
opinion of the Trustees, is necessary to give true and fair view as no provision 15 made for depreciation and any grant5 and
contributions relating to such assets would not be taken to the statement of financlal activities. Any other treatment would not
make a material difference to the financial activities or funds shown.
1.4 Fixed assets and depreclatlon
Tangible fixed assets are stated at COSt less grants Isee note 1.3 above) and accumLilated depreciation.
Depreclation 15 calculated to write off the cost less their estimated residual value over their expected useful lives on the following
basis
Buildings and property improvements
Murtis and "mandirf, fixtures
All other a55et5
4% on reducing balance basi515ee note 1.31
Between IO% and 33.3% on reducing balance basis
1.5 Investment Propertie5
Investment Properties are stated at fair market value.
1.6 Description and use of funds
Capital funds are permanent endowments which are required to be retained, but the Income from these fvnds can be used for the
benefit of SHCC, subject In certaln case5 to Specific restrlction contained in the original endowment.
Restricted funds are fund5 whose use is restricted to specific purposes according to the terms on which the fund5 were received.
Unrestricted funds may be Spent generally for furthering the objectives and charltable work of SHCC. Certaln funds may be
allocated by the Management Committee for the renovation andlor maintenance of SHCC properties. The Committee retains the
authority to re.allocate such funds, and so they are treated as Designated Funds within the Unrestricted Funds.
1.7 Taxation
SHCC1s registered as a Ch3rity with Charity Commission, and in accordance the provisions of Section 505, Income and Corporation
Tax Art 1988, Is exempt from liability for taxation.
Page 13