| scription ofthe charity's trust |
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| Type ofgoverning document |
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| (Pg. Il Ust deecl, constlttitloII) | ||
| How the charity is constituted | ||
| (pU. IrUst. nssUoiatiol1, coI11pally} |
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| Trustee election methods selec |
Trustees elected | bY members |
| (ecI. appointed by, elerted by) |
| To advance the Hindu Religion in accordance with the teachings ofShree |
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| Swaminarayan Bhagwan Sampraday. This is done by holding religious |
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| Summary ofthe objects ofthe charity set out in its governing document |
services, festivals and to provide education and other activities that will further the objects ofthe Trust. No financial private benefit is gained by those supporting the aims ofthe Trust and no harm arose from the |
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| purposes. | |||||||
| The Trustees and management committee are aware ofthe Charity |
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| Commission requirements to manage the trust and its objects for the |
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| purposes of public benefit and have complied with this duty in exercising |
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| powers and duties. | |||||||
| The Temple does not charge for entry and runs purely on donations form |
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| the congregation. The Temple is available for the congregation to |
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| undertake their religious activities both in the morning and evening for 365 |
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| days a year. Where facilities are available for hire to the members ofthe |
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| congregation, these charges are maintained at reasonable levels to reflect |
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| community use. |
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| Summary | ofthe | main activities | |||||
| undertaken | for the public | All Hindu festivals are celebrated so that the whole ofthe Hindu | |||||
| benefit in | relation to | these | Community can be part ofthe celebrations. Whilst paused during covid, |
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| objects (include | within this | the temple regularly has visitors from the public services and many schools |
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| section the statutory | in the UK to learn about Hindu culture and religion and this is done without |
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| declaration | that trustees | have | any charge. The activities are run by unpaid volunteers who give up many |
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| had regard | to | the guidance | hours oftheir time to further the objects ofthe Trust and to provide benefit | ||||
| issued by | the | Charity | to the wider congregation. We actively encourage and rely on voluntary |
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| Commission on public benefit) |
participation. | ||||||
| The temple operates an open-door policy and regularly has events |
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| interacting with local residents. |
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| Teaching is provided in how to read and write the Gujarati language and |
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| there are a host ofactivities to engage youth including classes on religions, |
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| culture, behaviour as well as activities such as trips and events. |
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| During the reporting year, all activities continued to be impacted by the |
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| Covid 19pandemic, with a significant programme ofevents and targets |
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| starting to be developed for the following year to increase participation and |
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| en a e in new activities. | |||||||
| Additional | details | of | objectives | and activities (Optional information) |
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| You may | choose | to include | No grants were awarded during the year to other entities, to meet our |
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| further statements, | where | objectives. | |||||
| relevant, | about: | ||||||
| ~ policy |
on grantmaking; | A number ofactivities and events are organised to support the aim ofthe Trust. The temple relies on the attendance of its congregation and the local |
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| ~ policy |
programme | related | Hindu population to support its activities. As has been mentioned above |
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| investment; | the objects ofthe trust are furthered by the financial donations ofthose |
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| ~ contribution |
made | by | who visit the temple, whether that be on a one offor regular basis. |
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| volunteers. | The above is only possible and sustainable with continued support and |
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| donation oftime from those women, men, girls and boys who provide |
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| many hours ofvoluntary selfless service. Apart from wellbeing and spiritual |
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| enlightenment ofthemselves and others, no financial private benefit is |
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| TAR | March 2012 |
| Briefstatement | Briefstatement | Briefstatement | ofthe | ofthe | The operating costs ofthe temple continue to increase. Costs of insurance have risen significantly. Building material and steel costs were |
The operating costs ofthe temple continue to increase. Costs of insurance have risen significantly. Building material and steel costs were |
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| charity's policy |
on reserves | higher than anticipated, however the support ofvolunteers with and |
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| without construction skills, continued to allow costs to be minimised. |
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| Building maintenance related costs were cf54,000. |
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| As existing energy contracts either have or are due to end, it is clear that | |||||||
| such costs will be at least three times greater due to market and political | |||||||
| factors. A number ofessential upgrades are required in the medium term |
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| to ensure that the building remains suitable to support the objects ofthe |
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| trust. This includes lifecycle costs as components come to the end of |
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| their useful life, as well as enhancements to allow effective delivery ofour |
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| objects. | |||||||
| Funds are invested in line with an approved reserves policy. Whilst |
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| returns are minimal due to low interest rates, opportunities for term |
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| deposits will be taken. Reserves are maintained to ensure the operation |
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| ofthe Trust in the short to medium term and more importantly also to |
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| ensure sustainability and affordability in the long term for future |
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| generations as current levels of inflation erodes such reserves. The |
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| Covid pandemic highlighted the importance of having usable reserves. |
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| During the year a loan repaid was re-provided to Shree Swaminarayan |
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| Mandir Oldham to support its objectives which are consistent with our |
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| aims. | |||||||
| Opportunities to invest reserves in additional land and building assets are |
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| being considered by the Temple to further the objects ofthe Temple and |
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| support the wider community in alternative ways. This is subject to due |
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| dili ence and develo ment, and furtheru dates infuture ears. |
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| Details ofany in deficit |
funds | materially | n/a | ||||
| Further financial review details |
(Optional information) |
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| You may choose to include additional information, where relevant about: ~ the charity's principal |
As mentioned above, the main source ofincome is voluntary donations, during a visit to the temple or online. Where fund raising is undertaken for other charities this is not recorded as trust income and expenditure but given directly to those charities. No professional fundraisers are utilised. |
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| sources of | funds (including | This year's expenditure relates primarily to that involving the effective |
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| any fundraising). | operation ofthe building, providing offerings offood and service to deities |
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| ~ | how expenditure has |
and the public and also organising festivals and youth activities. |
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| supported | the key | objectives | |||||
| ofthe charity. | All reserve funds during the year were invested primarily in ~",';;-:h ..:~ci.'- |
':-.:. | |||||
| ~ | investment policy and objectives including any ethical investment policy adopted. |
with two loans outstanding as highlighted in the financial recur;r. Capital preservation is ofparamount importance in order to er".sure ':,:w.-:", are available for the long term annual operating costs and mainte i;-.nce costs ofthe temple and to support its charitable objects. Given th . n="tu:- = ofinvestments, there are no specific ethical investment policy |
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| AR | March 2012 |
| Shree Swam&no&nylon | Shree Swam&no&nylon | Temple Cardiff | 509713 | ||||||||||||||||
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| Receipts and payments For the period from 11 11!0'C! To |
accounts 31/ I 0/"0" i |
CC~ea | |||||||||||||||||
| ~ | |||||||||||||||||||
| ~ | ~ | ~ | ~ r | ||||||||||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total | funds | Last | year | |||||||||||||
| to the nasrost f: |
to the nearest 5 | to the nearest 5 | to the nearest E | to the nearest E | |||||||||||||||
| A1 Recei ts | |||||||||||||||||||
| Donations | 118047 | ' 11S,047 | 86,615 | ||||||||||||||||
| Gift Aid | 15582 | 15682 | |||||||||||||||||
| Interest | 7355 | 7366 | 3,741 | ||||||||||||||||
| Solar Panel Feed | in Tariff | 4,618 | 4,518 | 4,614 | |||||||||||||||
| Sub total(Grossincome | for ~R) |
~.'.-'.4.".' ~+~'. |
14S,502 | 145,502 | 94,970 | ||||||||||||||
| A2 Asset and | investment | sales, | |||||||||||||||||
| (see table). | |||||||||||||||||||
| Loan Re aid | from | SSMB | UK | 100,000 | 100,000 | ||||||||||||||
| Sub | total | «, 0,'000 | 100,000 | ||||||||||||||||
| Total | receipts | ' | 45SN | 245&502 | ' | '~~~Ski~ O' |
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| A3 Pa ents |
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| Property - Maintenance | & Equipment | 54,300 | :&54,300 | 20,026 | |||||||||||||||
| Property - Running Costs |
19,130 | 9,130 | 22,945 | ||||||||||||||||
| Festivals and Learning | 10,410 | 10&410 | 8,187 | ||||||||||||||||
| Of5ce IAdmin | 5,455 | 401 | |||||||||||||||||
| StaffIVolunteer | Costs | 12,134 | . 12&1,34& | 16,073 | |||||||||||||||
| Grants and Donations | |||||||||||||||||||
| Loan Repaid | 35,000 | ||||||||||||||||||
| Sub | total | „»„:, ;„, 02,682' |
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| A4 Asset and | investment | ||||||||||||||||||
| urchases, | see table) | ||||||||||||||||||
| Loan Given | to SSM Oldham | 100,000 | |||||||||||||||||
| Sub | total | O~tjI)0&, | QPPwgq | gc~& | |||||||||||||||
| Total payments | g~g | )'3',"4 9l | "'102;632 | ||||||||||||||||
| Net ofreceiptsl(payments) | fl-::40+@ ' |
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| A5 Transfers | between | funds | |||||||||||||||||
| A6 Cash funds last year | end | 610,725 | 610,725 | 618,387 | |||||||||||||||
| Cash funds | this | year | end | 654,798 |