Cbarity Rryistratiou thumber. 517731
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
SANATAN DHARMA MANDAL
AND
HINDU COMMUNITY CENTRE

SANATAN DHARMA MANDAL AND HINDU COMMUNrrY CENTRE
Index to the Financial Statements
for the
ear ended 31 Mareh 2024
ge
Gentral Inforniation
Report of the Trustees ￿MMIttee
Independent Examiners Report
R¢¢¢ipts and Payment AccouDt
io-ii
Income Expenditure Aeeoullt
12
Statement of Assets and Llabilities
13
Notes to the fiDaDeial statements
14-21

SANATAN DHARMA MANDAL AND HII¥DU COMMUNITY CENTRE
General IDforniation
for the
ear ended 31 Marcb 2024
TRUSTEES:
MR V C PATEL
Mr H G PATEL
Mr R C PATEL
MR H N PATEL
Dr H SHAH
PRESIDENT:
MR V C PATEL
VICE PRESIDENT:
MR H PATEL
HON. SECRETARY:
MRS V H PATEL
ASST. SECRETARY:
MRS S BHA
HON.TREASURER:
MR A PATEL
ASST.TREASURER:
MR P D MISTRY
ADDRESS:
SEAVIEW BUILDtNG,
LEWIS ROAD, OCEAN PARK
SPLorr, CARDIFF,
CF24 SEB
INDEPENDENT EXAMINER:
J BURNETT
HODGE BAKSHI
CHARTERED ACCOUNTANTS
CHURCHGATE HOUSE
3 CHURCH ROAD
WHITCHURCH
CARDIFF
CF14 2DX
Page I

Sanatan Dharma Mandal and Hindu Community Centre
Trnstees Report for the flnancial year ending 31 March 2024
The Sanatan Dharnia Mandal and Hindu Community Centre is registered with the charity
commissioners (No: 517731) and constituted under a Deed of Trust dated 3 July 1986.
Strncture
overnance and Man
ement
Trustees:
Rohitbhai Patel
Hemantbhai Patel
Vinodbhai Patel
Harilal Patel
Dr Hasmukhbhai Shah
The Charity is administered by a management committee, comprising:
Office Bearers:
Presidents - Vinodbhai Patel
Vice President- Hansrajbhai Patel
General Secretary - Vimlaben Patel
Assistant Secreiary - Sudhaben Bhatt
Treasurer - Arjanbhai Patel
Vice Treasurer - Purshotambhai Misty
Members:
Hiteshbhai Vadgama
Pankajbhai Gaiiar
Rashmibhai Khambhaita
Rameshbhai Patel
Alpesh Patel
Co-members:
Dilipbh<li Patel
Vrajesh Sanghani
Vikram Venna
Page 2

Sanatan Dharnia Mandal and Hindu Communlty Centre
Trustees Report for the fmancial year ending 31 March 2024
Achievements and Perfonnanee
Sanatan Dhanna Mandal & Hindu Community Centre (SDMHCC) in Cardiff is a registered
charity, it exists to support members of the public who are of Hindu faith in the Cardiff and
Su￿ound1ng areas.
We are, neverthel¢ss. an inclusive organisation welcoming people of all ages and backgrounds
working together to enable members to reach their full potential as individuals contributing to
community cohesion & social wellbeing in Wales's Capitsl city. SDMHCC in Cardiff creates
a space where mcmbers feel they belong and can make meaningful contribution to the local
community.
The vision of the founding members was to create a space where the Indian Diaspora can
engage effectively in Cardiff and be inclusive in the community. We have done this
progressively over the years and we fom) part of the larger Hindu Council of Wales (HCW)
supporting local residents and visitors to Cardiff as community champions. The charity also
serves as a bridge promoting communication and cohesion between its members and other
community groups, and local and central authorities. Dedicated volunteers run the Centre and
we have no paid staff.
This report shows how we are held accountable to our beneficiaries our volunteers, and to the
Charity Commission in ensuring our continued compliance with charity law and best practice.
This, in turn. demonstrates to the generdl public how we are continuing to promote
transparency and trust in our cause.
I have pleasure in reporting that overdll we have had another sueeessful year in creatino a
vibrdnt community hub. Our finances Temain strono with a net surplus and the community hub
is flourishing. We have continued to support not just our members but also the community at
large. The Centre and the Temple continues to attract various visitors from within Wales and
across the UK and we were honored to host various groups, including from local schools.
SDMHCC is very much part of the local community and we have enthusiastically supported
local initiatives.
The Centre continues to thrive with attendance increasing year on year. Cardiff has a large
Indian student Diaspora and it is noticeable that more and more students are attending the
Centre and the Mandir. We welcome them warnily. We also welcome our loc￿ Nepalese
community who are making an increasing use of th¢ Centre and contributing to its vibrancy.
As ever, the childrenlparent Sunday cultural classes. Balgokulum at th¢ Centre are going from
strength to strength. We are grateful to the organisers Hindu Swayam Sevak for maintaining
this vital educational programme for our children and youth.
Page 3

San2tsn Dharma Mandal and Hindu Community Centre
Trustees Report for the financial year ending 31 March 2024
We are especially pleased that the Elderly Day Centre continues to blossorn with a range of
activities to promote well-being and social networking amongst our elderly members. Our
members enjoy the yoga and exercise classes which are conducted regularly and occasionally
dancing and singin
A number of day trips were undertaken to promote togetherness. Health
sessions in different topics were arranged for the wellbeing of our members. Special birthdays
of the members are celebrated.
In additio￿ the Centre and Temple celebrated the full range of religious festivals throughout
the year. Shivratri, holi Ram navmi. Hanuman Jayanti, Janmashtmi, 7-day religlous recital.
Navralri. Diwali chopda pujan, New Year's AnnakoL Diwali Cultural l¥ogramme. Jalaram
Jayanti and Gita Yagn& The Navratri festival continues to draw a big crowd and we are
gratefijl to the musicians, singers and volunteers for making it a great success. A notable ev¢nt
each year is the Raksha Bandhan festival, which again is celebrated by Hindu Council of Wales
and the UK Anned Forces. SDMHCC is proud to be associated with local fund raising activities
such as the Lord Mayor's Charity of the Year and BBC Children in Need
We continue to engage with local groups to encourage inclusion and are active members of the
Cardiff Third Sector Council, the local Inter-Faith Group. Hindu Council of UK and National
Council of Hindu Temples.
In conclusion, SDMHCC success depends heavily on our committed volunteers that come
together to selflessly give their time to manage and maintain the Centre. Trustees are very
gratefvl to the Committee Members and stalwart volunteers for their time and effort.
We can look positively to the year ahead and continue to develop the Centre and the Temple.
Page 4

Sanatan Dharma Mandal and Hindu Community Centre
Trustees Report for the financial year ellding 31 March 2024
Internal Control and Risk Management
The Trustees have the responsibility for ensuring that the Charity has in place an appropriate
system of controls, financial and otherwise, to provide reasonable assurance that the Charity is
operating efficiently and effectively. its &ssets are safeguarded against unauthorised use or
disposition, that proper records are maintsined and financial infonnation used within the
charity or for publication is reliable and the charity complies with relevant laws and regulations.
The t￿Ste¢S have identified the major risks io which the charity is exposed. After reviewing
these risks, the trustees have established systems or procedures to manage those risks.
Public Benefit Statement
In furtherance of the objectives of the Centre, the Trustees of Sanatan Dharma Mandal and
Hindu Community Centre have complied with the duty in Section 17 (5) of the Charities Act
2011 to have due regard to the Charity Commission's published general and sub-sector
guidance conceming the operation of the Public Benefit requirem¢nt under the Act.
Financial Review
Income for the year ended 31 March 2024 was £132.397, (2023: £89,585) and expenditure for
the year ended 31 March 2024 was £47,159 (2023: £26,188), resulting in a surplus of £85,238
for the year ended 31 March 2024 (2023 £63,397: surplus).
As at 31 March 2024 the charity had unrestricted funds of £15.193. (2023: £43,927), designated
funds of £1,154,582 as at 31 March 2024, (2023: £1,048.633) and restricted funds of £8,265 as
at 31 March 2023 (2023: £242).
The free reserves available excluding desi￿ated funds as at 31 March 2024 was £15,193,
(2023 £43,927).
Page 5

Sanatan Dharma Mandal and Hindu Community Centre
Trustees Report for tbe financial year eDding 31 March 2024
Reserves Policy
Reserves represent the capital of the Centre and are made up of net amount of charity's assets
and liabilities.
The Charity holds reserves for several reasons:
To continue to meet its aims to develop and improve its service.
To enable the replacement of capital items when needed;
To enable the provision of moderate one -off expenses required for the development
of the centre's overall operation.
To maintain an adequate cash flow to Continue its activities, especially when
managing projects reliant upon income from defrayed costs;
To protect the centre from reasonable recognised risks, for example a reduction in
revenue funding;
To protect the centre from unforeseen events.
The unrestricted reserves not committed or invested in tsngible fixed assets should be at least
equal to three months, worth of the resources expended. It is felt that this would give the Centre
sufficient time to explore alternative sources of income in the event of a sudden substantial cut
in donations.
At the end of each financial year the Reserves Policy and the level of reservcs will be reviewed.
Statement of management committee's re5poH$ibilities
Charity law requires the management committee to prepare a receipts and payment account
and assets and liabilities for each year, which give a true and fair view of the state of affairs of
the charity and of its financial activities for that perirf which properly present the charity's
receipts and payments for the year together with its assets and liabilities at the end of the year,
and adequately distinguish any material special trust or other restricted fund of the charity. In
preparing those financial statements the management committee is required to: _
Select suitsble policies and then apply them consistently:
Make judgements and estimates that are reasonable and prudent.
State whether the policies adopted are in accordance with the appropriate SORP on
Accounting by Chariti¢s and the Accounting Regulations and with applicable
accounting standards, subject to any material departures disclosed and explained in the
financial statements.
b)
The management committee is responsible for keeping proper accounting records which
disclose with reasonable accuracy at any time, the financial position of the charity, and to
enable them to ensure that the financial statements comply with applicable Accounting
Standards and Ststements of Recommended Practice and the regulations made under S130 of
the Charities Act 201 l. They are also responsible for safeguarding the assets of the charity and
hence for tsking reasonable steps for the prevention and detection of fraud or other
irreoularities.
Page 6

Sanatan Dharma Mandal and ￿lldll Community Centre
Trustees Report for the financial year ending 31 March 2024
Statement as to disdosure of knforniatioD to the accountants
So ￿ as the maoagement committee is aware, rhere is no relevant ac￿)lint￿￿ infonnation of
which the charity's accountants are unaware and each Truste¢ has takaj steps that they ought
to have tak¢n, in order to make themselves aware of any relevant acwunting Inforn￿tiOn and
to establish that the charity's accountants aye av4are of that infomtstio
?Ja
2024
For an on behalf of the Management Commi
Pagc 7

Iftdependent ￿QMiner'S rqjort to the Trxslees ofsanatan DharnM Mandal andHindu
Communty Centre
I report to the trustees on my examination of the accounts of Sanatan Dharma Mandal and
Hindu Community Centre for the year ended 31 March 2024, which are set out on pages l O
to21.
Responsibilities and basig ofreport
As Trustees of the Charity. you are responsible for the preparation of the accounts kn
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trustee's accounts carried out under section 145
of the 20 I l Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act.
Independenl examiner's statement
I have completed my examination. I ¢onfim] that no material matters have come to my
attention in connection with the exarnination giving me cause to believe that in any material
respect:
{] ) accounting records were not kept in respect of the T￿￿ as required by section 130 of the
(2) the accounts do not accord with those records. or
(3) the accounts do not comply with the applicable requirements concerning the fonn 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.
Page 8

IndependÈnl uaminer's report to the friistees ofsanolon DhOrn￿ Mé7ndal and Hindu
Community Cenlre
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:
Name: James Burnett ACA ACCA
Address: Churchgate House
3 Church Road
Whitchurch
Cardiff
CF14 2DX
Date: l L
2024
Page 9

SANATAN DHA
AND HINDU COmI￿[UNITy CENTRE
Recei
for the
tand
ear ended 31 March 2024
ment account
Unrestricted
funds
Restrieted
nds
Total
Total
Nots
Donations Re¢eiv¢d
Donations
Loan5 received
Income from charitable activities
Hall Hire Income
Membership Fees
Grants received
IDYestmeDt Income
75327
75,327
47,503
10,000
2238
11,954
2.238
11,954
8,790
17,019
2,742
9,715
8,790
17,019
i 1,000
Incoming from trading aetivities
Jumble sale
Sale of dry goods
275
8,949
275
8,949
192
5,700
115,762
&790 J24J52
86,852
Raising funds
Cost of dry goods
10239
10,239
3,100
Charitable activities
Diwali. Katha etc. function costs
Repairslmaintenancellmprovements
of the hall
Lighting and heating costs
Rates and water charges
Donations & Subscriptions
Food cost
Insurance and licences
Telephone
Postage & Stationery
Training
Advertising
Housekeeping costs
Security costs
Volunteer expenses
Professional fees
Bank Charues & Intsrest
5.735
5,735
2.815
4.677
10.304
3,142
950
493
3,409
594
443
4.677
10,304
3,142
950
493
3,409
594
443
41.609
4,909
2,441
334
2.789
2,887
709
200
250
478
602
488
1,186
250
234
423
32,930
Page 10
602
488
1,186
250
234
423
32,930
269
208
59,360

SANATAN DHARMA MANDAL
AND HINDU COMMUNITY CENTRE
Recei
for
tand
ear ended 31 March 2024
ment account
UDrestricted Reslricted
funds
funds
Total
Totsl
No¢¢
Continued.
Other expenditure
Purchase of Investment propety
Pur¢hase of fixed assets
Loans repaid
186,099
1248
30,000
217.347
12,167
loo,000
112,167
12,167
loo.000
112,167
155J36
155J36
279,807
(30,784) (192.955)
5b atsd Bank BalaDces as
at 31 March 2023
at 31 March 2024
37.802
7,018
230,757
37,802

ATAN DFLARMA MANDAL
ITY
tstement Of Thnancial Attiviti
Includin
Incorne
ststement of rec
i%ed Cvgiris
for the ve%r ended 31 M*r¢b 21124
unt sttd
uttrtstr1￿ F¥xds U•rtstrfcted ThDds Restri￿ Fu•ds
Un¢Je5
attd
Totsl
Yearended
31.3.2023
No
IM¢omthg resources
Intomt from doMttOknS
Donarions R¢c4ived
84J09
84.309
60.943
IBeome from charlt¥bk activities
Cornrnunity Building fjTani rettived
Hail Hire Incorne
Membership Fe&s
8.790
8.790
2.238
11.715
2238
11.715
174?
10.110
Investrntnt itte(*mÈ
Incomlng fr¢rn tr%din% *ctSvltl
Jumble sal¢
Sale gfdry goods
16,121
16.1?1
9.898
275
8.949
275
8.949
192
5.700
Totsl In¢omth% regO￿TreS
123.607
8,79Q
l32.397
89J85
Re$our£u expended ots:
Cost of dry goods
7.994
7.994
5.846
Ch¥ritsble attsvitLU
Diwali, Kaiha et¢. function costs
R¢pairstMiinien&ncenmprovements of th¢
5.735
5.735
2.815
2.364
(?.755)
6.429
Roof repair5 ￿p¢ndIture over provision
Lighting and healing costs
Raies and water charges
Donations & Subseriprions
Food Cost
InsuTanc¢ lieences
T¢lephon¢
Posta8¢ & Stotiontry
Tminsng
Adverti5jn8
Housekeeping eosts
Se¢urity costs
VolunteeT ¢xp¢n$es
Prof¢33ional fees
BankCharg¢5 & I￿ereSt
Depr¢¢iation
10.118
3235
1.157
3,344
3J22
S94
443
3235
1.157
3,344
3,322
594
443
334
?.789
2.882
709
200
250
478
61
488
1.186
250
234
423
3 J63
38.398
46,3f2
602
488
1,186
250
234
423
4.130
39.165
47.159
{275)
?15
1.466
20.342
26.188
767
767
767
Totsl Expended
Nei incoming re50UTces t¢foTe transfers
77215
8.023
85,238
63,397
Gross transfers beNveen fjjnds
movement in funds
Ré¢oncili(JtiOn offithds
Total fijnds brought foyvthrd
105,949)
128.7341
105.949
105.949
85238
63 J97
43,927
1.048,633
242 1,09? 802
.029.405
Totsl funds urried forw*rd
15,193
.154.581
8 ?05 1.178.040
.092.802
The stat￿¢￿t of financial wtiviiies includ¢5 all gains and105Ks in the yw.
The attached n01¢5 fom pan of these fLnancia] 5tatem¢nts.
Page 12

U COMMLThfTY CE
Statement•
Mareh
ets aDd Ll*
Note
FIXED ASSfTS:
Tang￿le assets
976,749
186.099
962.776
186,099
1,161848
1,148.875
Debtors & PTyyiu¢ttts
Bank Account
23,104
7.018
30.122
16,689
37.802
54.491
CTJRREwf LIABILTfiES
14930
iOJ64
15,192
43.927
TOTAL Assrrs LESS
1,17&040
I.J91W2
cRE￿￿oRs
Amounts falling due after mc
thon orA¢ year
12
(l￿.c￿)
NET ASSETS
1.178.040
1,091802
Fnllds of tht Charity:
unrestri￿ Fud5
Bthe¢ broU￿t f¢)
43927
68284
a)cfiGit) of income over ewditire
(24J5T)
15,193
43.927
Desi￿ funds: Building
1.048.633
105.949
.798
87.835
1.154582
1.048,633
242
323
Surplusl (Deficit) of inc4)me over
8.023
(81
8265
1.178.040
242
I.0918￿2
TOTAL FUNDS
io
Approv¢dby the Board of Tntsees on I
2024 &gnglooTr*h2if ty.
MrA Patel (freaswer)
MJS V H Patel (S¢¢retary)
Page 13

SANATAN DHARMA MANDAL
AND HINDU COMMUNITY CENTRE
NOTES TO T
UNTS FOR THE YEAR EIWED 31 ￿￿RCH 2024
l Accounting Policies
1.1 Aeeounting eonvention
The fmancial statements have been prepared in accordance with "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 (FRS 102}" and the Charities Act
201 l. The charity is a Public Benefit ￿ defmed by FRS 102.
The fman¢ial Statements have been prepared under the historic cost ¢onvention. The principa] accounting
policies adopted 3re set out below.
The accounting policies have been applied consistently throughout the year and in the preceding year.
The presentation CUJTency of the fmancial statements is the Pound Sterling (£)
1.2 Going concern
The financial statements have been prepared on a going ¢on¢em basis which assumes that the charity will
continue in operational existence for the foreseeable future. In making this assessmen¢ the Tnjstees have
reviewed the balance sheet, the likely firture cashflows of the charity and have considered the facilities that are
available to the charity along with the members continues support.
At the date of approving the fllwicial statements the tnLStees have a reasonable expectation that the ¢hsrity has
adequate resources to continue in operational existen¢¢ for the foreseeable future and that the going concern
basis of accounting remains appropriate. The trustees continue to adopt the gotng concern basis of accounting
in preparing the fuw)cial statements.
1.3 Cbaritable fiIDd
Unrestricted fijnds comprise those funds which the trustees are free to use in accordance with charitable
objects.
Designated fimds are financial reserves that the ¢ommittee members have set aside since the fonnation of the
organisation provide ffftancial stability and the mrans for the development of the principal activity.
The deSI￿ated fimds comprises those funds which the charity may at its discretion set aside foi specific
purposes which would otherwise forni part of the general reserves of the organisation. Specifically Sanatan
Dharnia Mandal and Hindu Community Centre sets aside fimds which represents the investment in fixed assets
for the use of the charity, as these funds are not available to the tTUStees to operate the Charity on a daily basis.
Page 14

SANATAN DHARMA MANDAL
AND HINDU COMMUNITY CEhYRE
CONTINUED .
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
1.4 Charitsble funds
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purpose and uses of the restricted fi]nds are set out in the notes to the fuw)cial statements.
The Trust has a number of restricted income fimds to account for situations where a donor requires
that a donation must be spent on particular purpose or where funds have been raised for a specific
purpose.
1.5 Taxation
Th¢ charity is exempt from tax on income and gains falling within S478 of the Taxes Act 2010 or
S256 of the T&xation of Chargeable Gains Acr 1992 to the extent that these are applied to its
haritsble objects. No tax charges have arisen in the Charity.
1.6 1ncomAng resources
Income is recognised when the charity is lega]ly entitled to it after any perforn]ance conditions have
been met, the amounts can be measured reliably, and it is highly probable that the incorne will be
received.
Donations are reco￿lsed where there is entitlemenl certainty of receipt and the amount can be
measured with sufficient reliability.
Income from trading activities is reco￿lSed when the goods are sold.
Income from charitable activities, being hall hire and membership fees, are recOgnis￿ when the
charity is entitled to the income and the amount can be quantified with reasonable a¢¢uracy.
1.7 Resour¢es expended
Liabilities are recogniscd as soon as there is a legal or constructive obligation committing the charity
to the expendittwe. All expenditwe Is accounted for on an accnjals basis and has been classified
under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs associated with the provision of education
advancemenL relieve poverty distress and sickness lo advance Hindu cultural and social activities
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
All resources expended are classified under activity headings that aggregate all costs related to the
category. Irrecoverable VAT is charged against the category of resources expended for which was
incuTrd.
1.8 Provisions
Provisions are reco￿lSed when the charity has an obligation at the ba12nce sheet date as a result of
a past evenL it is probable that an outflow of cconomic benefit will be requir￿ in settlement and the
amount can be reliable estimated.
P￿0e 15

SANATAN DHARMA MAfqDAL
AND HINDU COMMUNITY CENTRE
CONTINUED .
NOTES TO THE ACCOUNTS FOR THE YEAR EINDED 31 MARCH 2024
1.9 Donated seryiees and fgcilities
Donated professlonal services and donated facilities aTe recognised as income when the charity has
control over the item, any conditions associated wvth the donated Item have been mel the r¢c¢ipt of
economic benefEt from the use by the charity of the item is probable and that economic benefit Gan be
tneasured reliably. In accordance with the CE￿ItieS SORP (FRS 102). the gene￿ volunteer time of the
Frtends 15 not recognised and refer to the tsvstees. annual report for more infornmtion about their
contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the value
of the gift to the charity which is the amount the charity would have been willin8 to pay to obtain
servir£s or facilities of 4uiN?lent economic benefit on the open markeL a corresponding amount is then
recognised in expenditure in the period of receipL
1.10 Cash and C25b equivalents
Cash and cash equivalents are basic fmancial instruments and include cash in hand and bank a¢¢ounts.
1.11 Flnancial instrnments
The charity has elected to apply the provisions of Section I I "Basic Financial Instruments"
Financial instruments are recognised when the charity becomes party to the contractual provisions of the
instrument.
Financial assets and liabilities are offsel with the net ￿noUnts presented in the financial statements,
when there is a legally enforceable right to set off the reCo￿lS¢d amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability Simultaneo￿$1y.
1.12 Basle flnancial assets
Basic fmancial assets, which include prePaYinen￿ other debtors, and cash and bank balances, are
initially measured at transaction price including transaction costs and 8re subsequently Ca￿led at
amortised cost using the effective interest method Lfftless the arrangement constitutes a financing
transaction. where the financRal asset is measured at the present value of the future receipts discounted at
a market rate of int¢r¢sL
1.13 Basic financial liabilities
Basic financial liabilities, including trade and other creditor4 are initialty recognised at transaction price
unless the an7ngernent constitutes a financial transaction, where the debt instrument is mrasured at the
present value of the ￿tUre payments discounted at a market rnte of interesL
Debt instnunents are subsequently carried at amortis¢d cosL using the effeetive interest rate method.
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts cl&s5ified as tU￿ent liabilities if payinent is due within
one year or less. If noL they are presented as non-current liabilities. Trade creditors are recognised
initially at transaction price and subsequently m￿SUred at amortsed cost ￿8]ng the effective interest
method.
PaAe 16

SANATAN DHARMA MANDAL
AND HINDU COMMUNITY
NTRE
NTINUED .
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
1.14 Impairment
All assets measured at fair value aTe reviewed for any indication that th¢ asset Tnay be irnpaired at each
balance sheet date. If such indication exists. the recov¢rable amount of the asseL or the assets cash
generdting uniL is estimated and compared to the carrying amount Where the carying amount exceeds
its recoverable amounL an impainnent loss is recognised in profit or loss unless the &sset is carried at a
revalued amount where the impairn]ent loss is a revaluation d¢￿ease.
1.15 SignifieaDt judgements and estimates
In the application of the charity's accounting policies, which are described in note I, trustees are
required to make judgements. cstimates and assumpiions about the carrying values of assets and
liabilities that are not readily apparent from other Sources. The estimates and underlying assumptions are
based on historical experience and other factors that are considered to be relevant. Actual results rnay
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estiTnate is revised if the revision affects only that
period. or in the period of the revision and future periods if the revision affects both current and future
periods.
The key sources of estimation uncertainty that have a significant effect on the amounts recO￿lised in the
financial statements are described below.
Use￿1 economi¢ lives of tangible assets - The arLnual depreeiation charge for tangible fixed assets is
sensitive to changes in the estimated use￿1 economic lives and residual values of the &ssets. The useful
economic lives and residual values are re-assessed at￿uallY. They are amended when ne¢essary to
reflect the CUTrent estimate based on technological advancemenl future investtnents. economic
utilisation and the physical condition of the assets. See notes for the carying amount of the tangible
fixed assets and accounting policies in note I for the useful economic lives of each class of asseL
Investment properties
The fair value of investment propertles involved the use of proftssional
valuation trchniques, which are reviewed annually by ttustees. Where factors that could impact the fair
value are identified, appropriate adjustments are made through the income statement.
1.16 Tangible rued assets
Tangible fixed assets held for the Charity's ovm use are stated at cost less accumulated d¢preciation and
accumulated impairnient losses.
Depreciation is Provided at the following annual rates calculated to write off the wst of f￿¢d assets, less
their etimated residual value, over their expected usefiil lives.
Freehold Property: not provided
Improvements to property: not provided
Fixtures and Fittings: 25 /0 on reducing balance basis
Pa2e 17

AIW HINDU COMMUNITY CEIYTRE
NTIN
NOTES TO THE ACCOUNfs FOR THE YEAR ENDED 31 MARCH 2024
Tangible assets are slated at cost less accumulated depreciation and impainn¢ni losses to arrive at the
arrying value in the financia] stat¢m¢nts. The wst of a tangible &sset includes the original purchose pric
delivery cosL and costs attributable to bIinging th¢ asset to its working condition for its iutcnde4 t￿¢.
Thc frcchold property and improvements are not dcpTeciated periodically bul ar¢ r¢tularly reviewed for any
indi¢ations of impaiment.
1.17 1Dvestrnent property
Investtnent properti¢s are held io generate ren￿1 income and eapital apprecI￿lOn. Investment properties are
initially r¢cognised ￿ cost, which includ¢s th¢ PUTch&se c05t and any directly attributsble expendirure.
Investment propctyies are subsequently rCM￿SUred at fair value. An assessment of inv¢slrn¢nt property fair
value is perfonned annually. Any changes in fair value are recognised in the ineome swemenl.
1.18 Volunteers
The value of th¢ services provided by volunteeT5 is not in￿rpOrated inio these financial ￿ateMents.
Further details of their contribution is provided in noie 6 to these f￿ancial stat￿nenL5 and in the trustees,
report.
2 Tangible Fixed Asset Schedul¢
Freehold
property
Improv¢metht Flxl¥res &
to property
fittings
Total
COST:
Al l April 2023
Additions
At 31 March 2024
904,528
53.071
29.940
18,103
48,043
987.539
18.103
1.005.642
904,528
53,071
DEPRECIATION:
At l April 2023
Depreciation Charge
At 31 March 2024
24.763
4.130
28.893
24.763
4,130
28.893
NET BOOK VALUE:
At 31 March 2(124
904,528
53.071
19,150
976.749
At 31 March 2023
904,5?8
53,071
5.177
962.776
Frechold property is maintained tn a good state of repair. The In￿lee5 have undertaken an impatrmcnt
rcview and the net realisable value of the property is considerably in excess of the historical ¢osts disclosed
in the accounts. The value tnJ5tc¢s considered thal residual values a￿ such that dqJreciatiorA is not
significanL ¢onsequently no charge to depreciatiOD IS mad¢ in these 8CCOUnt&
Page 18

SANATAN DHARMA MAND
AND HINDU COMMUNITY CENTRE
CONTINUED.
NOTE
THE ACCOUNTS FOR THE YEAR ENDED 31 MAR
H 2024
3 INVESTMENT PROPERTY
Fair Value
As at l April 2023
As at 31 March 2024
186,099
186,099
NET BOOK VALUE
As at 31 March 2023
As at 31 March 2024
186,099
186,099
Fair value &8 31 March 2024 is represented by
Cost
186.099
The propety is initially recognised at cost which is deemed to be its fair value. The property value is
reviewed on an annual basis and subsequently remeasured by the trustees with reference to a rentsl yield
alculation to deterniine its fair valu¢.
4 Analysis of net assets belween fuDd$
Tangibk
Fixed
Assets
Net
Current
As$ets
Totsl
Investmenl
property
Unrestricted Funds:
General Purpose Fund
Building Fund
Restricted Funds:
15.192
15,192
1.154,583
8,265
.178,040
968,484
8,265
976,749
186.099
186,099
15,192
5 Restricted funds
Bg12Dce
01.04.23
Incorne
Expenses
Balance
31.03.24
mpact Plus Capital Grant Scheme (a)
Community Building Grant (b)
Community Building Grant (c)
28
33
706
767
130
97
8,084
8,265
8,790
8.790
242
(a) The Impact Plus Capitsl Grant enabled the charity to purchase thairs and tsbles for the
day centre.
(b) The Community Building Grant relates to 2 new kitcheD installed at the centre.
(b) The Community Building Grant relates to a new kitchen equipment expenditure for the ccntre.
Page 19

SANATAN DHARMA MANDAL
AND HINDU COMMUNITY CENTRE
CONTINUED.
NOTES TO THE ACCOUNTS
R THE YEAR ENDED 31 MARCH 2024
6 Donations received
Donaiions receivedlrettivable is anaiysed as follows:
unrestricted
funds
2024
funds
2023
General donations
Gift Aid received
Temple Box collections
Donations received
Gift Aid to receive b/f
Gift Aid to receiv¢ c/f
Total donation income
45,211
25,743
4,373
75J27
(13,439)
22.421
84,309
45 J29
2.175
47.504
13.439
60.943
The Charity benefits greatly from the involvement and enthusiastic support of its many volunteers, detsi15
of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102),
the economic contribution of general volunteers is not Tecognis¢d in the accounts.
7 Investment income
unrestri¢tsd
funds
2024
funds
2023
In¢ome from Investment property
16,121
9,898
8 Debtors and prepayments
2024
2023
Debtors
Gift Aid recoverable
Prepayments
141
22,421
542
23.104
2.408
13,439
842
16,689
9 Creditors 4Dd 2ccru*
2024
2023
Creditors and acC￿alS
Deferred income
12.590
2,340
14,930
7.094
3,470
10.564
Deferred iDcome
2024
2023
BalanGe brought forward
Included as In￿￿¢ for the year
Income received in advance for the
year 2024125
Balance brought forward
3,470
(1,4701
460
(460)
340
2,340
3,470
3.470
Pa£e 20

SANATAN DHARMA MANDAL
AND HINDU COMMUNITY CENTRE
CONTINUED.
NOTE
TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
10 Analysis of Funds
Opening Surplus
Balance
for the year
Transfer between
funds
CIosRng
Ba13nce
Unrestricted
DesigDated
Restricled funds
43,927
1,048,633
242
1,092,802
77215
(105.949)
15,193
105,949 1,154,582
8,265
1.178.040
8,023
The transfer between fiu)ds relates to the allocation of funds between the cost of the freehold propety.
improvements and investment property held by the charity as at 31 March 2024.
I I Staff Costs
Year ended
31 March 2024
Year ended
31 Mar¢h 2023
Staff Costs
There were no staff costs in the year or previous year.
12 Related Party Transaetions and Trnsttts, expenses and remuneration
The trustees all give freety their time and expertise without any fomi of remuneration or other benefit in cash
or kind (2023: £nil). Expenses paid to the trustees in the year totalled £nil (2023: £nil). No charity trustre
received payment for professional or other service supplied to the charity (2023 . £nil). As at 31 March 2024
two Trustees were owed £7,861 (2023 . one Trustee was owed £1,873).
During the year members loans of £100,￿0 was repaid. As at the year end no balance was outstanding in
respect of these loans (2023 . £100,000).
Page21