## ## ## |scription
ofthe charity's trust|s|| |---|---|---| |Type ofgoverning
document||| |(Pg. Il Ust deecl, constlttitloII)||| |How the charity is constituted||| |(pU. IrUst. nssUoiatiol1,
coI11pally}||| |**Trustee**
elec**tion** **methods**
selec|Trustees elected|bY members| |(ecI. appointed
by, elerted
by)||| ## ||||||||To advance the Hindu
Religion
in accordance
with the teachings ofShree| |---|---|---|---|---|---|---|---| ||||||||Swaminarayan
Bhagwan
Sampraday.
This is done by holding
religious| |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| ||||||||purposes.| ||||||||The Trustees and management
committee are aware ofthe Charity| ||||||||Commission
requirements
to manage the trust and its objects for the| ||||||||purposes
of public benefit and have complied
with this duty
in exercising| ||||||||powers and duties.| ||||||||The Temple does not charge for entry and runs purely on donations
form| ||||||||the congregation.
The Temple is available
for the congregation
to| ||||||||undertake
their religious
activities
both
in the morning
and evening
for 365| ||||||||days a year. Where facilities are available
for hire to the members
ofthe| ||||||||congregation,
these charges are maintained
at reasonable
levels to reflect| ||||||||community
use.| |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,| |objects (include||||within this|||the temple
regularly
has visitors from the public services and many schools| |section the statutory|||||||in the UK to learn about Hindu
culture and religion and this is done without| |declaration||that trustees||||have|any charge. The activities are run by unpaid
volunteers
who give up many| |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| |Commission
on public benefit)|||||||participation.| ||||||||The temple operates an open-door
policy and regularly
has events| ||||||||interacting
with local residents.| ||||||||Teaching
is provided
in how to read and write the Gujarati language
and| ||||||||there are a host ofactivities to engage youth
including
classes on religions,| ||||||||culture,
behaviour as well as activities such as trips and events.| ||||||||During the reporting
year, all activities continued
to be impacted
by the| ||||||||Covid 19pandemic,
with a significant
programme
ofevents and targets| ||||||||starting to be developed
for the following year to increase participation
and| ||||||||en a e in new activities.| |Additional||details||of|objectives||and activities (Optional
information)| |You may|choose|||to include|||No grants were awarded
during the year to other entities, to meet our| |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| |~
policy|programme||||related||Hindu
population
to support
its activities. As has been mentioned
above| |investment;|||||||the objects ofthe trust are furthered
by the financial
donations
ofthose| |~
contribution|||made||by||who visit the temple,
whether
that be on a one offor regular basis.| |volunteers.|||||||The above is only possible and sustainable
with continued
support
and| ||||||||donation oftime from those women,
men, girls and boys who provide| ||||||||many hours ofvoluntary
selfless service. Apart from wellbeing
and spiritual| ||||||||enlightenment
ofthemselves
and others, no financial
private benefit is| |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| |---|---|---|---|---|---|---|---| |charity's
policy||||on reserves||higher than anticipated,
however the support ofvolunteers
with and|| |||||||without construction
skills, continued
to allow costs to be minimised.|| |||||||Building maintenance
related costs were cf54,000.|| |||||||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|| |||||||to ensure that the building
remains
suitable to support the objects ofthe|| |||||||trust. This includes
lifecycle costs as components
come to the end of|| |||||||their useful
life, as well as enhancements
to allow effective delivery ofour|| |||||||objects.|| |||||||Funds are invested
in line with an approved
reserves
policy. Whilst|| |||||||returns are minimal
due to low interest rates, opportunities
for term|| |||||||deposits
will be taken. Reserves are maintained
to ensure the operation|| |||||||ofthe Trust in the short to medium
term and more importantly
also to|| |||||||ensure sustainability
and affordability
in the long term for future|| |||||||generations
as current levels of inflation erodes such reserves. The|| |||||||Covid pandemic
highlighted
the importance
of having
usable reserves.|| |||||||During the year a loan repaid was re-provided
to Shree Swaminarayan|| |||||||Mandir Oldham to support
its objectives which are consistent
with our|| |||||||aims.|| |||||||Opportunities
to invest reserves
in additional
land and building assets are|| |||||||being considered
by the Temple to further the objects ofthe Temple and|| |||||||support the wider community
in alternative
ways. This is subject to due|| |||||||dili ence and develo
ment, and furtheru
dates infuture
ears.|| |Details ofany
in deficit|||funds||materially|n/a|| |Further financial
review details||||||(Optional
information)|| |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.|| ||sources of|funds (including||||This year's expenditure
relates primarily
to that involving
the effective|| ||any fundraising).|||||operation ofthe building,
providing
offerings offood and service to deities|| |~|how expenditure
has|||||and the public and also organising
festivals and youth activities.|| ||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|| |AR||||||March 2012|| ||||||||||Shree Swam&no&nylon|Shree Swam&no&nylon|Temple Cardiff|||509713|||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||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'|| |A3 Pa
ents|||||||||||||||||||| |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'|| |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+@
'||||||||||| |A5 Transfers||between||funds|||||||||||||||| |A6 Cash funds last year|||||end|||||610,725||||||610,725|||618,387| |Cash funds|||this|year||end||||||||||654,798||||