2025-03-31-accounts

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Charity Registration No: 509274

541a Warwick Road Birmingham, B11 2JP

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2025

CONTENTS

nace

CONTENTS	CONTENTS	nace
Reference and Administrative Information		4
Report ofTrustees		2-6
Structure, Governance and	Management
Objectives and Activities
Achievements & Performance
Trustees Responsibilities
Key Highlights ofthe year
Future Improvements
Summary & Thanks
Statement of Financial Activities	/ Balance Sheet	7-8
Notes to the Financial Statements		9-11
Independent Examiner's Report		12
AccountingPolicies		13

Shree Hindu Community Centre Report and Financial Statements For the Year Ending 31 March 2025

Reference and Administrative Information

Charity Number	509274
Registered	541a Warwick Road,
Address	Birmingham
	B11 2JP
Independent	Nebula Accountants & Registered Auditors
Examiner	31 Crown Way
	Chellaston
	Derby
	DE73 5NU
Bankers	TSB	Bank of India
	2136 Coventry Road	182 Soho Road
	Birmingham	Birmingham
	B26 3JW	B21 9LP
	State Bank of India
	118 Soho Road
	Birmingham
	B219DP

Management The AGM was held on 3% December 2023. The present Management Committee is as follows : Committee

President Vasant Chauhan Vice President

Secretary Vijay Inamdar Assistant Secretary Dr Shalini Gandhi Treasurer Assistant Treasurer Dr Anjum Gandhi

Committee Ramesh Chauhan Chndrakant Chavda 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

Trustees Mukesh Ladwa Harilal Shah Chandrakant Pattni Anjana Shelat Mahendra Dabhi

2024-25 Final —- 5 October 2025

Page 1

Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2025

The Trustees present their report and the independently examined financial statements of the charity for the year ended 31 March 2025. The Trustees have adopted the provisions of the Statement 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 notes to the accounts 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 Governing 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 other organisation with similar names.

1.4 Risk Management

The Trustees and the Management Committee reviews risks on an on-going basis to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error and are satisfied that the systems are in place to mitigate exposure to the major risks.

aeS 2024-25 Final — 5 October 2025 Page 2

Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2025

2 Objectives and Activities

2.1 Objectives 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 activities for local communities. In furtherance of these objectives, SHCC :

• « Organises cultural, educational and religious / spiritual programmes * Holds participative classes/workshops 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 s Represents the interests of the Hindu community and actively promotes Hindu values.

SHCC is a member of a number of umbrella Hindu organisations, namely Hindu Council of Central England (formerly Hindu Council of Birmingham), National Council of Hindu Temples and Hindu Forum of Britain. SHCC also works with a number of partner organisations, notably Birmingham City Council, Solihull Metropolitan Borough Council and Birmingham Faith Leaders Group.

2.2 Organisation Structure

SHCC is an independent, community-based, voluntary organisation that has a mandate to 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 at 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 centre for the elderly, is based at SHCC. It is also responsible for keeping the basic financial records of its day-to-day activities 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 activities and reporting to SHCC Management Committee on a regular basis. SHCC has the overall responsibility to ensure that the Gujarati 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 dedicated patrons of the temple. Additionally, SHCC also manages other major activities and improvements through sub-committees as follows :

• e Religious Committee e Cultural Committee e Building Maintenance Committee e Finance Committee e Anand Milan Kendra Committee e Gujarati School Committee

2024-25 Final — 5 October 2025

Page 3

Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2025

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 £279,402 with the overall expenditure of £144,645 which includes depreciation of £52,654, resulting in a surplus of £134,757. In addition, recognised gains from the re-valuation of investment properties was £160,000.

3.2 Investment Power & Policy

The Constitution of SHCC empowers the Management Committee to pursue investments and financial policies that will solely benefit SHCC.

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 match variable income with fixed commitments and a consideration of the nature of the reserves. After reviewing the anticipated income and expenses, the Committee had decided to prioritise payments to the creditors before considering further capital improvement works, save as any priority building maintenance works. During the year, the amount owing to the major creditor (relating to the Shikhar Project) has been eliminated in accordance with the phased payment agreement with the creditor.

3.4 Ongoing Works / Plans for the future

As stated aforesaid, due to the outstanding payments to the creditor, no major improvement works were planned during the year,

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, B11 2JP » 537 Warwick Road, B11 2JP a 624-630 Warwick Road, B11 2HJ » 2 Havelock Road, B11 2RG

4 Trustee's Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state 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:

• e select suitable accounting policies and then apply them consistently;

• ° observe the methods and principles in the Charities SORP 2015 (FRS 102);

• ° make judgements and estimates that are reasonable and prudent; e 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 concern basis unless it is inappropriate to presume that the charity will continue in operation.

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Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2025

The trustees are responsible for keeping proper accounting 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 with the 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:

• e there is no relevant audit information of which the charitable company’s independent examiner is unaware; and ° the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the independent examiner is aware of that information.

5 Key Highlights of the year

With the outstanding debt paid to the Shikhar Project creditor, SHCC returned to normality during the year.

As a result of the successive phased transformation of the premises over several years, punctuated by the effects of Covid, SHCC has now established itself as a prominent landmark on a major route between Birmingham and Solihull as well as a Centre facilitating activities for members of the community of all ages either born in the United Kingdom or originating from numerous states across India.

With the generous donations by devotees/well-wishers and robust financial management, SHCC’s financial position is consideredin relation toto the be reasonablySaraswati Hallhealthy,whichespeciallywould inevitably as currentlyimpact thereon areits financial no major plannedresources. refurbishment/improvementSHCC’s balance sheet hasworksseen consistent increases over the last 12 years which has been further bolstered by revaluation of the Investment Properties.

5.1 Shree Hindu Community Centre / Shree Laxmi Narayan Temple

Shree Hindu Community Centre / 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 multicultural activities, notably :

• « 2 week Summer Sanskar Club (during school holidays) for children aged 5-13 years = Celebration of International Yoga Day « Diwali Sangeet Sangam = Summer Sports Day & Picnic # ‘Jamavat’ — musical entertainment programme = Mandir Movie Night =» Hindu Memorial Day

• Celebration of Hindu festivals either at the temple or online, including : o =©Maha Shivratri o Holi (external event supported jointly by Hindu organisations) o = Ram Navmi o Hanuman Jayanti o 7 day Bhagvat Katha (by Shri Bharat Bhagat) o 35" Anniversary of Shree Laxmi Narayan Mandir (Pran Pratishtha Patotsav) o Satya Narayan Katha o Samuh Pitru Pujan o Janmashtami o Shiv Puja o Shree Ganesh Mahotsav o Shree Ramdevyji Jayanti o Navratri o Deepavali, Chopda Pujan & New Year o Jalaram Jayanti o Tulsi Vivah

Further :

• « Devotees, members and well-wishers are kept informed of the proposed activities of the SHCC by regular announcements at congregations, electronically and print.

• » SHCC supports the interfaith activities in Birmingham and hosting meetings.

2024-25 Final — 5 October 2025

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Shree Hindu Community Centre Report and Financial Statements For the Year Ended 31 March 2025

SHCC has provided in-kind support to other Hindu organisations.

The Management Committee continues to identify activities 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 (AMK) provides services for the elderly through its self-finance approach and in-kind support from SHCC.

5.3 Sparkhill Gujarati School (SGS)

Sparkhill Gujarati 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 future.

6 Future Improvements

Subject to further discussions and consensus, SHCC aims to modemise its remaining facilities, i.e. Saraswati Hall and Courtyard between Swami Vivekananda Hall and Saraswati Hall and carry out other improvement works where necessary.

7 Summary and Thanks

At SHCC, we continue to create an environment where individual members, their families and the wider Hindu Community are proud to belong and participate in the 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 the Centre facilities and its services. We have seen evidence of this trend continuing with increase in contact database and further improvement in communication with the members and the community.

The long overdue transformation of the temple facade provides a visible symbol and inspiration for the Hindu Community. Its’ unique architectural features are admired by many members of the passing general public on a major vehicular route between Birmingham and Solihull.

Our heartfelt thanks and appreciation to all members and well-wishers who have generously donated and countless volunteers who continue to work selflessly and tirelessly and give their precious time to underpin the activities of Shree Hindu Community Centre / Shree Laxmi Narayan Mandir. Without such dedication and self-sacrifice, our objectives and organisation/implementation of the events and activities would be harder to achieve and ultimately unsustainable.

Signed for and on behalf of the Trustees and Management Committee by :

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Vasant Chauhan Mukesh Ladwa
President Trustee
Shree Hindu Community Centre SHree Hindu Community Centre
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ES 2024-25 Final — 5 October 2025 Page 6

SHREE HINDU COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

		Notes	General	Restricted	Total Funds	TotalFunds
			Funds	Funds	31.3.2025	31.3.2024
			£	£	£	£
INCOMING RESOURCES
Donations		1	95,998	0	95,998	129,586
Investment Income		2	86,228	ie)	86,228	74,866
OtherIncome		3	97,175	0	97,175	57,455
TOTALINCOMINGRESOURCES			279,402}	[_——id	279,402	261,907
RESOURCES EXPENDED
Management&Administration		4	144,645	0	144,645	179,679
TOTALRESOURCESEXPENDED			144645]	[oj	144,645	179,679
Other regonised gains/(losses)		6	160,000		160,000	0
NETINCOMING RESOURCES FORTHEYEAR			294,757	0	294,757	82,228
Total Funds Brought Forward at istApril 2024			2,180,414	0	2,180,414	2,098,186
TOTALFUNDSCARRIEDFORWARD 31stMarch2025	at		£2,475,171	£0	£2,475,171	£2,180,414

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SHREE HINDU COMMUNITY CENTRE

BALANCE SHEET AS AT 31 MARCH 2025

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Notes 31.3.2025 31.3.2024
£ £ £ £
FIXED ASSETS
Tangible assets 5 1,034,392 1,079,833
Investment Properties (Residential) 6 1,260,000 1,100,000
2,294,392 2,179,834
CURRENT ASSETS
Debtors 7 16,150 6,000
Cash in Hand 8 0 700
Balances at Bank 8 167,626 115,320
183,776 122,020
CURRENT LIABILITIES
Creditors - amounts due within one.year 9 3,000 121,440
3,000 121,440
NET CURRENT ASSETS £180,776 £580
TOTAL NET ASSETS £2,475,170 £2,180,414
REPRESENTED BY :
FUNDS
General (including investment gains) 10 2,475,170 2,180,414
Designated 11 0 0
Restricted 10 0 (6)
TOTAL FUNDS 2,475,170 2,180,414
0
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Approved by the Management Committee on G| i jo i]14 and signed on its behalf by : i | / ———VasantOhaw/ Chauhan - Presidentunviav(SHCC) ___fMukesh :Ladwapesos- Trusteeeee(SHCC)nceeenen

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SHREE HINDU COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1	DONATIONS	General	Restricted		Total Funds	TotalFunds
		Funds	Funds		31.3.2025	31.3.2024
		£	£		£	£
	General Donations -Non GiftAid	29,822			29,822	51,454
	- GiftAid	17,474			17,474	37,459
	HMRC GiftAid Claim	15,622			15,622	8,000
	Peti Collection from Mandir	33,080			33,080	32,672
		95,998		0	95,998	129,585
2	INVESTMENT INCOME	General	Restricted		Total Funds	Total Funds
		Funds	Funds		31.3.2025	31.3.2024
		£	£		£	£
	Rental	86,175			86,175	74,785
	Interest Received (Gross)	53			53	81
		86,228		i¢)	86,228	74,866
3	OTHERINCOME	General	Restricted		TotalFunds	Total Funds
		Funds	Funds		31.3.2025	31.3.2024
		£	£		£	£
	Grant received	4,000			4,000	7400
	Life&Annual Membership Fees	173			173	3,189
	Events &Trips	0			(¢)	1,075
	Religious& Cultural Functions	31,233			31,233	22,678
	Hall Hire	15,964			15,964	6,496
	Sundry Income	11,653			11,653	1,768
	Anand Milan Kendra	32,045			32,045	12,702
	Gujarati School	2,108			2,108	2,147
		97,175		0	97,175	57,455

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SHREE HINDU COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4	MANAGEMENT&ADMINISTRATION EXPENSES	General	Restricted	Total Funds	Total Funds
		Funds	Funds	31.3.2025	31.3.2024
		£	£	£	£
	Religious& Cultural Functions	19,216		19,216	18,391
	Events & Trips	2,446		2,446	1,071
	Salaries & National Insurance	7,351		7,351	16,123
	Telephone	1,370		1,370	1,485
	Water	3,738		3,738	2,065
	Gas	4,997		4,997	5,508
	Electricity	7,284		7,284	9,168
	Insurance	6,666		6,666	6,466
	Building Repairs	3,978		3,978	32,416
	Lift & Equipment Maintenance	4,361		4,361	7,121
	Travelling&Subsistence	250		250	0
	Printing, Stationery, Postage, Computer	1,313		1,313	1,743
	Hygiene	4,912		4,912	5,189
	Subscription	879		879	219
	Sundry	3,474		3,474	2,941
	Audit& Proffessional Fees	1,595		1,595	1,464
	BankCharges	10		10	84
	Depreciation - Building	40,681		40,681	41,960
	Depreciation - Fixtures & Equipment	11,973		11,973	13,559
	Anand Milan Kendra	18,151		18,151	12,706
	Gujarati School	0		0	0)
		144,645	0	144,645	179,679
5	TANGIBLE FIXEDASSETS	Freehold	Murties &	Fixtures &
		Property	Mandir	Equipments	Total
		£	£	£	£
	Cost
	At 1st April 2024	1,512,291	22,127	263,835	1,798,254
	Additions	fe)	0	7,213	7,213
	At 31st March 2025	1,512,291	22,127	271,048	1,805,467
	Depreciation
	At 1st April 2024	495,263	0	223,158	718,421
	Charge forthe year	40,681	0	11,973	52,654
	At31st March 2025	535,944	(e)	235,131	771,075
	Net Book Value
	At 31st March 2025	976,347	22,127	35,917	1,034,392
	At31stMarch2024	1,017,028	22,127	40,677	1,079,833

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SHREE HINDU COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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||||||||| |---|---|---|---|---|---|---|---| |6|INVESTMENT|PROPERTIES|31.3.2025|31.3.2024| |£|£| |2|Havelock|Road|Fair Value|185,000|160,000| |537|Warwick|Road|Fair Value|195,000|170,000| |624-630 Warwick|Road|Fair Value|880,000|770,000| |1,260,000|1,100,000| |7|DEBTORS|31.3.2025|31.3.2024| |£|£| |Sundry|Debtors|16,150|6,000| |16,150|6,000| |8|CASH|AND|BANK|BALANCES|31.3.2025|31.3.2024| |£|£| |Cash|in|Hand|0|700| |Bank|167,626|115,320| |167,626|116,020| |9|CREDITORS|31.3.2025|31.3.2024| |£|£| |Sundry|Creditors &|Accruals|3,000|121,440| |3,000|121,440| |10|FUNDS|31.3.2025|31.3.2024| |£|£| |Balance|at the|beginning|of the year|2,180,414|2,098,186| |Net|Movement|in|funds|during the|year|294,757|82,228| |Balance|at the|end|of the|year|2,475,171|2,180,414|

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11 DESIGNATED FUNDS

None

12 PAYMENTS TO TRUSTEES

No Trustees, Office Bearers or Management Committee ( MC ) members were paid any remuneration as Trustees, Office Beares or Management Committee members.

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SHREE HINDU COMMUNITY CENTRE

13 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE HINDU COMMUNITY CENTRE

| report to the Charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 which are set out on pages 7 to 11.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

| 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 | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's statement

| have completed my examination. | 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:

1. Accounting records were not kept in respect of the Charity as required by Section 130 of[the][Act;][or]

2. The accounts do not accord with those records; or

3. The accounts do not comply with the applicable 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 is not a matter considered as part of an independent examination.

| 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 fo enable a proper understanding of the accounts to be reached.

Signed: aSyia Date: Do I}fojair

Christian Cloherty (Partner & Statutory Auditor, FCCA, CTA)

Nebula Accountants & Registered Auditors

31 Crown Way

Chellaston

Derby DE73 5NU

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SHREE HINDU COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

• 1 ACCOUNTING POLICIES

• 1.1. Basis of preparation

These accounts have been prepared :

• a) Under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

b) The Trustees present their report and the independently examined financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement 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 notes to the accounts 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.

1.2 Donations and voluntary income

All donations and voluntary income are accounted for gross when receivable, as long as they are capable of financial measurement.

• 1.3. Grants and contributions

Grants and contributions of a revenue nature are credited to income in the period to which they relate.

Grants and contributions received relating to infrastructure assets have been deducted from cost 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 applicable accounting standards, which requires 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 is made for depreciation and any grants and contributions relating to such assets would not be taken to the statement of financial activities. Any other treatment would not make a material difference to the financial activities or funds shown.

1.4 Fixed assets and depreciation

Tangible fixed assets are stated at cost less grants (see note 1.3 above) and accumulated depreciation. Depreciation is calculated to write off the cost less their estimated residual value over their expected useful lives on the following basis :

Buildings and property improvements 4% on reducing balance basis (see note 1.3) Murtis and “mandir” fixtures Nil All other assets Between 10% and 33.3% on reducing balance basis

1.5 Investment Properties

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 funds can be used for the benefit of SHCC, subject in certain cases to specific restriction contained in the original endowment.

Restricted funds are funds whose use is restricted to specific purposes according to the terms on which the funds were received.

Unrestricted funds may be spent generally for furthering the objectives and charitable work of SHCC. Certain funds may be allocated by the Management Committee for the renovation and/or 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

SHCC is registered as a Charity with Charity Commission, and in accordance the provisions of Section 505, Income and Corporation Tax Act 1988, is exempt from liability for taxation.

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