Charity Registration number: 517731
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR SANATAN DHARMA MANDAL
AND
HINDU COMMUNITY CENTRE
SANATAN DHARMA MANDALAND HINDU COMMUNITY CENTRE
Index to the Financial. Statements for the year ended 31 March 2025
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|---|---|---|---|---|
|Page|
|General Information|1|
|Report|of the Frustees|comimittee|2-10|
|Independent|Examiners|Report|11-12|
|Receipts|and|Payment Account|13-14|
|Income|and|Expenditure|Account|15|
|Statement|of Assets|and|Liabilities|16|
|Notes|to the|financial|statements|17-24|
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SANATAN DHARMA:MANDAL AND HINDU COMMUNITY CENTRE
General Information for the year ended 31 March 2025
TRUSTEES:
MR V C PATEL Mr H G PATEL Mr R'C PATEL MR HN PATEL Dr H SHAH
PRESIDENT:
MR V C PATEL
VICE PRESIDENT: MR H PATEL
HON. SECRETARY: MRS V H PATEL ASST. SECRETARY: MRS S BHATT
HON.TREASURER:
MR A PATEL
ASST.TREASURER: MR PD MISTRY
ADDRESS: SEAVIEW BUILDING, LEWIS ROAD, OCEAN PARK, SPLOTT, CARDIFF, CF24 5EB
INDEPENDENT EXAMINER:
J BURNETT HODGE BAKSHI CHARTERED ACCOUNTANTS CHURCHGATE HOUSE 3 CHURCH ROAD WHITCHURCH CARDIFF CF14 2DX
Page 1
‘Sanatan’ Dharma Mandal and Hindu Community Centre Trustées Report for the financial year ending 31 March 2025
The Sanatan Dharma Mandal and Hindu Community Centre is registered with the charity commissioners (No: 517731) and constituted under a Deed of Trust dated 3" July 1986.
Structure, governance and Management
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 Secretary - Sudhaben Bhatt Treasurer - Arjanbhai Patel Vice Treasurer - Purshotambhai Mistry
Members: Hiteshbhai Vadgama Pankajbhai Gajjar Rashmibhai Khambhaita Rameshbhai Patel Alpesh Patel
Co-members: Dilipbhai Patel Vrajesh Sanghani Vikram Verma
Page 2
Sanatan Dharnia Mandal and Hindu Community Centre Trustees Report for the financial year ending 31 March 2025
Achievements and Performance
The Santana Dharma Mandal & Hindu Community Centre (SDMHCC) in Cardiff is a registered charity that exists to support members of the Hindu faith in Cardiff and surrounding areas. At the same time, we are an inclusive, open-door organisation welcoming individuals of all ages, backgrounds, and beliefs. Our mission is to foster a senseof belonging and purpose, enabling members to reach their full potential while contributing positively to community cohesionand social well-being in Wales’s capital city.
The founding vision was to create a space where the Indian diaspora in Cardiff could engage meaningfullythe and integrate into.the wider community. Over the past fourteen years—based at Seaview Buildings in Splott—SDMHCC has become a well-established and vibrant centre for Hindu spirituality, cultural preservation, and community engagement: We are proud to be aetive members of the Hindu Council of Wales (HCW), promoting | communication, collaboration, and cohesion across community groups and with local and central authorities. - 7
Community Impact and Activities
We are pleased to report that 2024-2025 has been another successful year in terms of both spiritual and community development. Our community hub continues to flourish, with a steadily growing membership and a waiting list of individuals wishing to join. The Centre and: Temple have continued to attract increasing numbers of visitors from across Wales and the UK, including groups from local schools, universities, and other community organisations. Cardiff's large Indian student population is increasingly engaged with the Centre, and we are equally delighted to welcome members of the local Nepalese community, who have added significantly to the vibrancy of our shared space.
The Centre serves as a bridge between Hindu communities and other faith and cultural groups, helping build mutual understanding, trust, and inclusivity. All of our activities are volunteer-run;:we have no paid staff, and we are deeply grateful to our volunteers, whose dedication and:commitment ensure the Centre’s smooth operation.
Page 3
‘Sanatan.Dharma.Mandal and Hindu Community Centre _ Trustees Report fer the firiancial year ending 31 March 2025
Cultural and Religious Programme
Throughout the year, SOMHCC offered a full programme of religious festivals and community events. Key celebrations included:
Ram Navmi Hanuman Jayanti Janmashtami Navratri (drawing large crowds and featuring talented musicians, singers, and volunteers) Diwali Chopda‘Pujan Diwali Cultural Programme: attended by 500 people, from various communities and Senedd dignitaries) . Annakot Jalaram Jayanti GitaJayanti Shivratri Holi 7-Day Religious Recital
We also continue to celebrate events with other Hindu organisations and wider community groups, including India’s Independence Day, Mahatma Gandhi Jayanti, and collaborative activities with the Swaminarayan Temple, Kuchhi Leva Patel Samaj, and Ty Krishna. _
One of our most significant community celebrations remains the Raksha Bandhan festival, held in partnership with the Hindu Council of Wales and the UK Armed Forces, welcoming members of the Royal Navy, Police, and other uniformed servicesto celebrate the values of love, unity, and protection.
We havealso[participated][in][a][ project][Soneri][Sangat][ organised][ by][a][ national][ journalist][“Voice] for All” and “Gujarat Samachar”, where Hindu Temples from different towns nationally, talk about progress within their Sanatan communities. Our speakers have contributed and explained with.great pride how our Centre is rapidly progressing.
Youth atid Elderly Services
Our Sunday Balagokulam cultural classes for children and parents continue to thrive, thedelivering vital education in Hindu culture, history, and values.We are immensely proud of programme’s growing impact and of the volunteers who run it. . In January 2025, we also started a youth “Utsav” class which is run once a month, attended by. about 30 to 40:children and. adults who also attend as they have found these classes very useful. These are classes where everybody enjoys the festival of the month and additionally learn the significance of that festival in the language and terminology that today’s youth .can understand. Freshly ‘cooked:refreshment is served to all to enjoy at the end of the class.
Page 4
SanatanDharma Mandal.and Hindu Community Centre Trustees Reportfor the financial year ending 31 March 2025
The Wednesday Elderly Day Centre has blossomed into a well-attended, dynamic programme offering yoga, health awareness talks, freshly prepared lunches, and social activities. Special attention is given to Diwali and Christmas celebrations where friends from different . communitiesalso attend and participate in the celebration. A number of successful day trips were also organised, promoting companionship and well-being among our older members.
SDMHCC also plays an important role in supporting young people and future professionals.. Many of our members are established professionals across medicine, pharmacy, engineering, and business. Our network provides invaluable mentorship andguidance to youriger members, supporting career development and aspiration. The contribution of our youth to the Welsh economyis already visible and growing.
Wider Engagement and Partnerships
Weactively participate in various interfaith initiatives and are proud members of:
CardiffThird Sector Council Local Inter-Faith Group Hindu Council of the UK National Council of Hindu Temples Hindu:Council of Wales, represented by our committee members; Sudha Bhatt and Vimla Patel
We also proudly support and participate in citywide initiatives such as:
St David’s Day celebrations The White Ribbon Day Remembrance Day HolocaustDay Commonwealth: Commemoration Day Commonwealth Flag hoisting Health Awareness Fairs _ | Fundraising for the Lord Mayot’s*Charity of the Year
Our Centre hhas:increasirigly become a vital platform for promoting social inclusion, intercommunity dialogue, and civic participation.
Finaricial Overview
Despite the pressures of rising energy costs and the broader cost-of-living crisis, the charity remains financially strong.
Page 5
_ Sanatan-Dharma Mandal and Hindu Community Centre _ Trustees Report for the financial year ending 31 March 2025
Our core income streams remain stable, with most funding derived from membership subscriptions and donations. Modest income continues to be generated from venue hire and residential property rental. We are especially grateful to our donors, whose generous contributions sustain and strengthen our work.
Conclusion and Acknowledgements
In summary, for an organisation with around 500 members, our impact is significant. SDMHCC is a'living testament to what a committed and united community can achieve. We are proud of our contributions to Cardiff's social, spiritual, and cultural fabric, and to Wales more broadly.
We extend our deepest thanks to all our volunteers, committee members, and supporters for theirwithout time, expertise, and unwavering dedication. Our work would simplynot be possible you; © . We look ahead to the future with confidence and optimism, ready to continue developing the Centre and Teniple, nurturing future generations, and making a'meaningful difference to the lives of our members and the community at large.
Page 6
Sanatan: Dharma Mandal and Hindu Community Centre Trustees Report for the finaiicial year ending 31 March-2025
‘We are especially pleased that the Elderly Day Centre continues to blossom 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 singing. 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 addition, the Centre and Temple celebrated the full range of religious festivals throughout the year. : Shivratri, holi Ram navmi, Hanuman Jayanti, Janmashtmi, 7-day religious recital, Navratri, Diwali chopda pujan, New Year's Annakot, Diwali Cultural Programme, Jalaram Jayanti and Gita Yagna. The Navratri festival continues to draw a big crowd and we are grateful to the musicians, singers and volunteers for making it a great success. A notable event eachandthe year is the RakshaBandhanfestival, which again is celebrated-by Hindu Councilof Wales: such asUKthe LordArmed Mayor’sForces.Charity:of theSDMHCC is Yearproud andto be BBC associatedChildrenwith in local Needfund raising activities— 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 grateful 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 7
Sanatan Dharma Mandal.and Hindu Community Centre. Trustees Reportfor the financial year ending 31 March 2025
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 assets are safeguarded against unauthorised use or disposition, that proper records are maintained and financial information used within. ‘the charity or for publication is reliable and the charity complies with relevant laws and regulations. The trustees have identified the major risks to 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 concerning the operation of the Public Benefit requirement under the Act.
Financial Review
Income for the year ended 31 March 2025 was £102,614, (2024: £132,397) and expenditure for the year ended 31 March 2025 was £50,963 (2024: £47,159), resulting in a surplus of £51,651 for the year ended 31 March 2025 (2024 £85,238: surplus).
As at 31 March 2025 the charity had unrestricted funds of £62,892, (2024: £15,193); designated’ funds of £1,161,097 as at 31 March 2025, (2024: £1,154,582) and restricted funds of £5,702 as at 31 March 2025 (2024: £8,265).
The free reserves available excluding designated funds as at 31 March 2025 was £62,892, (2024 : £15,193).
Page &
Sanatan Dharma Mandal and Hindu Community Centre Trustees Reportfor the financial year ending 31 March 2025
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 continueto meet its aims to develop and improveits 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 managing[projects] an adequate[ reliant] cash[ upon] flow[ income] to continue[ from][defrayed] its activities,[costs;] especially. when
-
__ + 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 tangible fixed assets should be at least equal to three months ; worth ofthe 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 ofeach financial year the Reserves Policy and the level of reserves willbe reviewed.
Statement of management committee’s responsibilities
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 period, 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 statemen t hes management committee isrequired to: ~
- a) Select suitable policies and then apply them consistently; | c)b): Make:State whether judgementsthe policies.and estimates adopted that‘are are reasonablein accordance and‘prudent;with the appropriate SORP on - Accounting by Charities and the Accounting Regulations and with: applicable. accounting standards, ‘subject to any material departures disclosed ‘and explained in the| financial statements.
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 Statements of Recommended Practice and the regulations made under $130 of the Charities Act 2011. They are also responsible for safeguarding hence[for][taking][reasonable][steps][for][the][prevention][and][detection] the assets[of] of[fraud] the charity[or][other] and irregularities: ~~ Page 9
Sanatan Dharma Mandal and Hindu Community Centre Trustees Report for thefinancial year ending 31 March 2025
Statement as to disclosureof information to the accountants
So far as the management committee is aware, there is no relevant accounting information of which the charity’s accountants are unaware and each Trustee has taken steps that they ought to have taken, in order to make themselves aware of any relevant accounting information and to establish that the charity’s accountants are aware of that information.
Mr. A Patel - ‘Treasurer
Dated..\SY 2025.
For an on behalf of the Management Committee
Page 10
Independent:examiner’s report:to the Trustees ofSanatan Dharma Mandal andHindu
I reportto the trustees on my examination of the accounts of Sanatan Dharma Mandal and Hindu Community Centre for the year ended 31 March 2025, which are set out on pages 13 to 24.
Responsibilities and basis ofreport
As Trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’). . I report of in respect ofmy examination ofthe Trustee’s accounts carried out under.section 145 the 2011 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 2011 Act.
‘Independent examiner’s statement
Ihave compl¢ted my examination. I confirm that no material matters have cometomy _ 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 Trust 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.
}
Page 11
Independent examiner’s report to the Trustees of Sanatan Dharma Mandal and:Hindu Community Centre
Thave-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: Mites
Name: James'Burnett ACA ACCA
Address: Churchgate House 3 Church Road Cardiff
Date: 1 Novew hen2025
Page 12
SANATAN DHARMAMANDAL AND HINDU COMMUNITY: CENTRE
Receipt and payment account for the year ended31 March 2025
| Unrestricted funds |
Restricted funds |
; Total |
Total | |||
|---|---|---|---|---|---|---|
| Note’ | £ | £ | £ | £ | ||
| DonationsReceived _ |
||||||
| Donations | 5 | 74,777 | - | 74,777 | 75,327 | |
| Income from charitable Hallhireincome |
activities | 2,804 | - | 2,804 | 2,238 | |
| Membershipfees | 11,916 | - | 11,916 | 11,954 | ||
| Grantsreceived’ — |
- | - | - | 8,790 | ||
| InvestmentIncome . |
14,983 | - | 14,983 | 17,019 | ||
| Incomingfromtradingactivities | ||||||
| Jumblesale | 10 | - | 10 | 275 | ||
| Saleofdry.goods | 9,580 | - | 9,580 | 8,949 | ||
| TOTAL RECEIPTS | 114,070 | - | 114,070 | 124,552 | ||
| Raisingfunds Costofdrygoods |
14,273 | - | 14,273 | 10,239 | ||
| Charitableactivities Diwali,Kathaetc.function costs Répairs/maintenance/improvementsof thehall - |
3,361 6,061 |
- - |
3,361 6,061 |
5,735 4,677 |
||
| Lightingandheating costs | 11,746 | - | 11,746 | 10,304 | ||
| Rates andwater’charges _ Donations & subscriptions |
4,354 880 |
- - |
4,354 . 880 |
3,142 950 |
||
| Food cost | 4,668 | - | 4,668 | 493 | ||
| Insuranceandlicences Telephone & internet Postage& stationery ‘Advertising - |
3,598 662 23 300 |
- - - - |
3,598 662 23 300 |
3,409 594 443 602 |
||
| Travel: |
Bad debts . Housekeepingcosts’ |
277 10 - |
- - - |
277 10 - |
||
| Sum‘upmis appropriationpayments, réfutided20May2025. |
2,724 | - | ; 2,724 |
. | ||
| Securitycosts Volunteerexpenses Professionalfees Bankcharges &intérest |
1,460 400 - 95 |
- - - - |
1,460 : 400 - : 95 |
1,186 250 234 433 |
||
| re | 40,619 | - | 403619 | 32,930 | ||
| Page13 |
AND HINDU COMMUNITY CENTRE Receipt and payment account for the year ended31 March 2025
| Receipt and payment accountand payment accountpayment accountayment accountaccount forthe year ended31 March 2025year ended31 March 2025ended31 March 202531 March 2025March 20252025 |
the year ended31 March 2025year ended31 March 2025ended31 March 202531 March 2025March 20252025 | ||||
|---|---|---|---|---|---|
| Unrestricted funds |
2025 Restricted funds |
a | 2024 — tot |
||
| Note | £ | £ | £ | £ | |
| Continued; | |||||
| Otherexpenditure | |||||
| Purchase offixedassets | 2 | 9,018 | - | 9,018 | 12,167 |
| Loansrepaid | - | - | - | 100,000 | |
| 9,018 | - | 9,018 | 112,167 | ||
| TOTAL PAYMENTS | 63,910 | : | “63,910 | 155,336 | |
| 50,160 | 50,160 | (30,784) |
Page 14
| ’Statement:OfFinancialActivities - IncludingIncomeandExpenditureAccountand StatementofRecoznised Gains and’Losses fortheyearended.31March2025 , ; Note Incoming resources Tncome from donations |
’Statement:OfFinancialActivities - IncludingIncomeandExpenditureAccountand StatementofRecoznised Gains and’Losses fortheyearended.31March2025 , ; Note Incoming resources Tncome from donations |
UnrestrictedFunds Undesignated €£ |
UnrestrictedFunds Designated £ |
UnrestrictedFunds Designated £ |
_RestrictedFunds £ |
Funds | ; Total £: |
Yearended .31.3,2024 £ |
|
|---|---|---|---|---|---|---|---|---|---|
| Donationsreceived - |
6 | 63,672 | - | - | 63,672 | 84,309 | |||
| Incomefromcharitableactivities Communitybuildinggrantreceived |
- | - | a | 8,790 | |||||
| Hallhireincome | 2,804 | - | x | 2,804 | 2,238. | ||||
| Membership fees | 11,565 | - | > | 11,565 | 11,715 | ||||
| Investmentincome hicomingfromtradingactivities Jumblesale: 0 0 5 Saleof drygoods - |
7 | 14,983 10 9,580 |
- - : |
- - : |
14,983 10 9,580 |
16,121 295 8,949 |
|||
| TotalIncomingresources | 102,614 | - | - | 102,614 | 132,397. | ||||
| Resourcesexpendedon: Raisingfunds Costof drygoods |
7,678 | - | - | 7,578 | 7,994. | . | |||
| : | |||||||||
| Charitable activities | |||||||||
| Diwali,Kathaetc. function costs Repairs/maintenance/improvemenits. |
of :the | 3,361 | : | - | 3,361 . |
5,735 | |||
| hall , |
4,618 | - | - | 4,618 | 3,904 | ||||
| Computer software | 47 | - | - | 47 | - | ||||
| Lightingandheatingcosts | 15,122 | - | - | 15,122 | 10,118 | ||||
| Ratesandwater charges Donations&.subscriptions Food cost a |
2,946 673 4,668 |
- - - |
- > - |
2,946 673 4,668 |
3,235 1,157 3,344 |
||||
| Insurance andlicences Telephone& internet |
3,569 608 |
- - |
- - |
3,569 608 |
3,322 594 |
||||
| Postage& stationery | 23 | - | - | 23 | 443 | ||||
| Advertising | 300 | - | - | 300 | 602 | ||||
| Travel | 277 | - | - | 277 | - | ||||
| Bad debts |
30 | - | - | 30 | - | ||||
| Housekeeping costs — |
- | - | - | - | 488 | ||||
| Securitycosts Volunteer expenses |
1,460 400 |
- - |
- - |
1,460 400° |
1,186 250 |
||||
| Professional fees — Bankcharges&interest. Depreciation oS |
- 118 2,502 |
- - . |
- - 2,563 |
a 118 5,065 |
“234 423 4,130, |
||||
| oo! oe Totalresoursesexpended it |
40,722 48,400 |
- - |
"2;563 2,563 |
43,285 50963 |
39,165 47,159. |
||||
| Netincomingresourcesbeforetransfers | 54,214 | - | (2,563) | 51,651 | 85,238" | ||||
| Grosstransfersbetweenfunds | 9 | (6,515) | 6,515 | : | - | _- | |||
| Netmovetientin funds | 47,699 | 6,515- | (2,563) | 51,651 | 85,238 | ||||
| Reconciliation offunds. ~ Totalfundsbroughtforward |
15,193 | 1,154,582 | ' 8,265 |
oO 1,178,040 |
1,092,802 - | ||||
| Totalfunds carried forward | 62,892 | 1,161,097 | 5,702 | 1,229,691 | 1,178,040 | ||||
| Thestatementoffinancialactivitiesincludesallgainsandlossesrecognisedintheyear. | |||||||||
| Theattached:notes formpartofthesefinancialstatements. | |||||||||
| : | Page15 |
AND HINDU COMMUNITY CENTRE.
| StatemientofAssetsand Liabilities as at 31 March 2025 |
StatemientofAssetsand Liabilities as at 31 March 2025 |
||||||
|---|---|---|---|---|---|---|---|
| : | Note | 2025 | 2024 | ||||
| £ | £ | £ €£ |
|||||
| FIXEDASSETS: | |||||||
| Tangible assets | 2 | 980,702 | 976,749 | ||||
| Investmentproperty | 3 | 186,099 | 186,099 | ||||
| 1,166,801 | 1,162,848 | ||||||
| CURRENTASSETS: | |||||||
| Debtors & prepayments | 8 | 16,809 | 23,104 | ||||
| Bankcurrentaccount | 57,178 | 7,018 | |||||
| 73,987 | 30,122 | ||||||
| Creditors:&accruals: | 9. | 11,097 | 14,930 | ||||
| NETCURRENTASSETS | 62,890 | 15,192 | |||||
| TOTAL ASSETS LESS CURRENTLIABILITIES: |
—e 1,229,691 |
a 1,178,040 |
|||||
| NETASSETS . . |
1,229,691 a |
13178,040 - 7 ed |
|||||
| FundsoftheCharity: UnrestrictedFunds — |
|||||||
| Balancebroughtforward Surplus/(Deficit)ofincome over |
15,193 | 43,927 | |||||
| expenditure | 47,699 | (28,734) | |||||
| 62,892 | 15,193 | ||||||
| Designatedfunds:Building Building fundriovement:in year |
1,154,582 6,515 |
1,048,633 105,949 |
|||||
| 1,161,097 | 1,154,582 | ||||||
| Restricted Funds | 5 | ||||||
| Balance carried-forward | 8,265 | ||||||
| (Deficit) / Surplus ofincomie over | |||||||
| expenditure | (2,563) | -8,023 | |||||
| Balance carriedforward | 5,702 | 8,265 | |||||
| TOTAL. FUNDS: : |
10 | 1,229,691 | 1,178,040 | ||||
| ApprovedbytheBoardofTrustees on MrA Patel(Treasurer) : MrsVHPatel (Secretary) |
2025 and signed & >LekS,.. |
ow ) a! ae |
onbehalfby: | ||||
| Thenotesformpartofthese financialstatements , os |
Page16 |
_AND HINDU COMMUNITY CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies
1.1 Accounting convention TheStatementfinancial ‘statements:have been:prepared in accordance with "Accounting and Reporting by. Charities: Financial of Recommended Practice applicable to charities preparing their accounts in accordance with the, Reporting Standard applicable in'the UK and Republic of Ireland (FRS 102)" and the Charities Act 2011. The charity is a Public Benefit as defined by FRS 102. The financial statements have been ‘prepared under the historic cost convention. The principal accounting policies adopted are set out below.
The accounting policies have been applied consistently throughout the year and in the preceding year. The presentation curtency of the ‘financial statements is the Pound Sterling (£)
1.2 Going concern © The financial statements ‘have: been prepared on ‘a going concern basis which assumes that the charity will, continue in operational existence for the foreseeable future. In making this assessment, the Trustees have. reviewed the balance sheet; the likely future cashflows are[available'to][ the][charity][along with][ the][trustees][ continued] of the[support.] charity and have considered the facilities that’
At the date of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue ‘in operational existence for the foreseeable future and that the going: concern basis ofaccounting remains appropriate. The‘ trustees continue to adopt the going concern basis of. accounting in preparing the financial statements.
1.3 Charitable fund == Unrestricted us . . objects. funds comprise’ those funds which the trustees are free to use in accordance with charitable Designated funds are financial reserves that the committee members have set aside since the formation of the organisationprovide financial stability and the means for the development of the principal activity.
The designated funds comprises those funds which the charity may at its discretion set-aside for. specific: purposes whichi would otherwise form part ofthe general reserves of the organisation. Specifically Sanatan’ Dharma Mandal and Hindu:Community Centre sets aside funds which represents the investment in fixed assets for the use of the charity, as these funds are not available to the trustees to operaté daily[basis;] § the Charity on a
Page 17
SANATAN DHARMA MANDAL AND HINDUCOMMUNITY CENTRE
CONTINUED : NOTES TO. THE ACCOUNTS FOR THE YEAR ENDED 31. MARCH 2025
1.4- Charitable funds
Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose.anduses of the restricted funds are set out in the notes to the financial statements.
The Trust has a number of restricted income funds 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. - Sr
1.5 Taxation un The charity is exempt-from tax on incomie'and gains falling within $478 of the Taxes Act 2010 or S256 of the Taxation of Chatgeable' Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisenin the charity.
1.6 Incoming resources
Income is recognised when: the charity is legally entitled to it after any performance conditions. have been met, the amounts canbe measured reliably, and it is highly probable that the income will be received.
Donations aré recognised where: there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income from trading activities is recognised when the goods are sold.
Income from charitable activities, being hall hire and membership fees, are recognised when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
1.7 Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committingthe charity to the expenditure. All expenditure is accounted for on an accruals 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’ edtication | advancement, relieve poverty distress and sickness to advance Hindu cultural and social: activities’ forcostsits beneficiaries.It includes: both costs that can‘be allocated directly to such activities and those ofan indirect nature nécessary, to support them. All resources expended are classified under activity headings that aggregate all costs related to the incurred.category. Irrecoverable VAT is charged agairtistthe category of resources expended for which was — Provisions1.8 Provisionsare recognised when the charity. has an obligation at the balance sheet date as a result of. a past event, it is probable that an outflow of economic benefit will be required in settlement and the aniount canbe reliable estimated.
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NOTES TO. THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1.9 Donated services and facilities
Donated professional. services ard donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the useby the charity of the item is probable and that economic benefit can be measuredFriends reliably. In accordance with the Charities SORP (FRS 102), the general volunteer timeof the is not recognised and refer to the trustees’ annual report for more information 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 chatity would have been willing to pay to obtain services. or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
1.10 Cash‘and Cash equivalents , Cash and cash equivalents are basic financial instruments and include cash in hand and:-bank accounts.
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments". Financial instruments are recognised when the’ charity becomes party to the contractual provisions of the instrument. : Financial assets and liabilitiesare offset, with.the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is.an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 1.12 Basic financial assets Basic financial: assets, which include prepayments, other debtors, and cash and bank balances, are initially measured at’ transaction price including transaction costs and are subsequently carried at amortised cost‘ using the effective: interest method unless the arrangement constitutes‘ a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rateof interest.
1.13 Basic financial liabilities Basic ‘finaricial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured Debtat the present:instrumentsvalueare ofsubsequently the future paymentscarried discounted at amortisedat cost,a marketusing ratethe ofeffectiveinterest. interesta rate method. Tradecours¢cteditots: are ‘obligationsto pay for goodsor services that have been acquited: in the ‘ordinary of operations from sippliers. Amounts classified as current liabilities if paymentiisdue within oneinitiallyyear or ‘less. If not,’ theyare presented as non-current liabilities. Trade creditors‘are recognised : method. at transaction price’and subsequently measured at amortised cost using the effective interest Page-19
.
NOTES TO. THE ACCOUNTS FOR THE YEAR-ENDED 31 MARCH 2025
1.14 Iinpairment '
All assets measured at fair value are reviewed for any indication that the asset may be impaired at each balance ‘sheet date. If such ‘indication exists, the recoverable amount of the asset, or the assets cash itsgenerating unit, is estimatedand compared to the carrying amount. Where the carrying amount exceeds recoverable amount, an impairment loss ‘is recognised in profit or loss unless the asset is‘carried at a revalued amount where the impairment loss is a revaluation decrease. 1.15 Significant judgements and estimates In the. application of ‘the charity's accounting policies, which are described in note 1, trustees are required to make judgements, estimates and assumptions about the carrying values of assets “and liabilities thatare notreadily 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 may 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 estimate is revised if the revision affects only that period, or in the period of thé 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 recognised in the financial statements are described below.
Useful economic lives of tangible assets - The annual depreciation charge for tangible fixed assets is sensitive to changes in the ‘estimated useful economic lives and residual values of the assets. The useful‘economic lives and residual values are re-assessed annually. They are amended when necessary to reflect the current estimate based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See notes for the carrying amount of the tangible fixed assets and: accounting policies in-note 1 for the useful economic lives of each class of asset.
Investinent properties - The*fair value of investment properties involved the use of professional valuation techniques, which are reviewed annually by trustees. Where factors that could impact the fair value are identified, appropriate adjustments are made through the income statement..
1.16 Tangible fixed'assets
Tangible fixed ‘assets held for the Charity's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided ‘at the following annual’ rates calculated to write off the cost of fixed assets, less their etimated residual value, over their expected useful lives;
Freehold Property: not provided | Improvements to: property: not provided Fixtures-and Fittings: 25% on reducing balance basis
Page 20
‘SANATAN DHARMA MANDAL
CONTINUED: NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
- Tangible assets:are stated at cost less accumulated depreciation and impairment losses to arrive atthe carrying value in the financial statements. The cost of a tangible asset includes the original purchase price, delivery cost, and costs attributable to bringing the asset to its working condition for its intended use.
The freehold property and improvements are not depreciated periodically but are regularly reviewed for any indications of impairment. ,
1.17 Investment property Investment properties are‘ held to: generate rental income and capital appreciation. Investment properties are initially recognised‘at cost, -which includes the purchase cost and any directly attributable expenditure. Investment;properties are subsequently remeasured at fair-value.. An assessment of investment property fair value is performed annually. Anly changes in fair value are recognised in the income statement.
1.18 Volunteers ; . The value of the services provided by volunteers is not incorporated into these financial statements. Further details of their contribution : ; report. are provided in note 6 to these financial statements and in the trustees’
2 Tangible Fixed Asset Schedule
----- Start of picture text -----
|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Freehold|improvement|Fixtures &|Total|
|property|to property|fittings|
|£|£|£|£|
|COST:|
|At|||April 2024|904,528|53,071|48,043|1,005,642|
|Additions|:|;|-|-|9,018|9,018|
|At|31|March|2025|904,528|53,071|57,061|1,014,660|
|DEPRECIATION:|
|At|1|April 2024|-|-|28,893|28,893|
|Depreciation|Charge|-|-|5,065|5,065|
|At 31|March 2025|-|-|33,958|33,958|
|NET BOOK VALUE:|
|At 31|March|2025.|904,528|53,071|23,103|980,702|
|At 31 March 2024|904,528|53,071|19,150|976,749.|
|Freehold|property|is maintained. in|a good|state|of repair.|The|trustees|have|undertaken|an|impairment|
|review|and|the net realisable|value|of|the property is considerably in|excess|of the|historical|costs disclosed|
|in|the|accounts.|The|value. trustees|considered|that residual|values|ate|such|that|depreciation|is|not|
|significant,|consequently no charge to|depreciation is made|in|these|accounts.|
----- End of picture text -----
Page 21
SANATAN DHARMAMANDAL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
3 Investment property
| Investment propertyproperty | |||
|---|---|---|---|
| FairValue | £ | ||
| As at 1 April2024 | 186,099 | ||
| As at31 March2025 | _ | 186,099 | |
| NETBOOKVALUE | |||
| As at31 March2024 | - | 186,099 | |
| As at31 March2025 . | -” | 186,099 « | |
| Fairvalueas3] March2025 Cost |
2025 isrepresentedby . |
186,099 |
| Thepropertyisinitiallyrecognised atcostwhich isdeemedtobe its fairvalue. Thepropertyvalue is reviewedonanannualbasisandsubsequentlyremeasuredbythetrustees withreferenceto'arentalyield calculationtodetermine itsfairvalue. |
Thepropertyisinitiallyrecognised atcostwhich isdeemedtobe its fairvalue. Thepropertyvalue is reviewedonanannualbasisandsubsequentlyremeasuredbythetrustees withreferenceto'arentalyield calculationtodetermine itsfairvalue. |
Thepropertyisinitiallyrecognised atcostwhich isdeemedtobe its fairvalue. Thepropertyvalue is reviewedonanannualbasisandsubsequentlyremeasuredbythetrustees withreferenceto'arentalyield calculationtodetermine itsfairvalue. |
Thepropertyisinitiallyrecognised atcostwhich isdeemedtobe its fairvalue. Thepropertyvalue is reviewedonanannualbasisandsubsequentlyremeasuredbythetrustees withreferenceto'arentalyield calculationtodetermine itsfairvalue. |
Thepropertyisinitiallyrecognised atcostwhich isdeemedtobe its fairvalue. Thepropertyvalue is reviewedonanannualbasisandsubsequentlyremeasuredbythetrustees withreferenceto'arentalyield calculationtodetermine itsfairvalue. |
Thepropertyisinitiallyrecognised atcostwhich isdeemedtobe its fairvalue. Thepropertyvalue is reviewedonanannualbasisandsubsequentlyremeasuredbythetrustees withreferenceto'arentalyield calculationtodetermine itsfairvalue. |
|
|---|---|---|---|---|---|---|
| 4 | Analysis ofnetassetsbetweenfunds |
Tangible Fixed |
Investment | © | Net Current |
Total |
| UnrestrictedFunds: | Assets | property | Assets | |||
| £- | £ | £ | £ | |||
| GeneralPurposeFund | - | - | 62,890 | 62,890 | ||
| BuildingFund | 974,999 | 186,099 | - | 1,161,098 | ||
| Restricted Funds: | 5,703 | - | - | - 5,703 |
||
| 980,702 | 186,099 | 62,890 | 1,229,691 | |||
| 5 | Restrictedfunds | Balance, 01.04.24 |
Income | Expenses | Balance 31.03.25 |
|
| ImpactPlus‘Capital Grant Scheme (a) CommunityBuildingGrant (b) CommunityBuildingGraut(c) / |
84 97 8,084 |
- - - |
21 24 2,517 |
63 73 5,567“ |
||
| 8,265 | - | 2,562 | 5,703: |
(a) The Impact Plus Capital Grant enabled the charity to purchase chairs and.tables for the day centre. (b) The Community Building Grant relates to a new kitchen installed at the centre.
(b) The Community Building Grant relates to a new kitchen equipment expenditure for the centre.
Page 22
SANATAN DHARMAMANDAL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
6 Donations received Donations received/receivable is analysed as follows:
----- Start of picture text -----
|||||
|---|---|---|---|
|unrestricted|unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|Général ‘donations|59,346|45,211|
|Gift Aid received|11,057|25,743|
|Temple Box collections|4,374|4,373|
|Donations réceived|74,777|75,327|
|Gift Aid to receive b/f|(22,421)|(13,439)|
|Gift Aid to'receive|c/f|11,316|22,421|
|Total donation|ineome|63,672|84,309|
----- End of picture text -----
‘The charity benefits greatly from theinvolvement and enthusiastic support of its many volunteers, details ofwhich 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 recognised in the accounts. 7 Investment income
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|unrestricted|unrestricted|
|funds|funds|
|2025|-|2024|
|£|£|
|Income from|Investment property|14,983|16,121|
|8|Debtors and|prepayments.|2025£|2024£|
|Debtors|3,214|141|
|Gift Aid recoverable|11,315|22,421|
|Prépayments)|2,280|542|
|16,809|23,104|
|9|Creditors and.|accruals|2025|= =|-2024|
|Creditors and|accruals|8,037|12,590|
|Deferred income|||3,060|2,340|
|oa.|11,097|14,930|
|.|2025|2024|
|.|£|£|
|Balance brought forward|2,340|3,470|
|Includedas|income for|the year|340)|(1,470)|
|Income received in advance for the|
|Balancé brought forward|_|.|3,060...,|2,340|
----- End of picture text -----
Page 23
AND HINDU COMMUNITYCENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED31 MARCH 2025
10 Analysis of Funds
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|Opening|Surplus|Transfer between|Closing|
|Balance|_|for the year|funds|Balance|
|£|£|£|£|
|Unrestricted|153193|54,214|(6,515)|62,892|
|Designated|-|1,154,582|-|6,515|1,161,097|
|Restricted-funds.|_8,265|(2,563)|-__5,702|
|oy|1,178,040|51,651|-|1,229,691|
----- End of picture text -----
The transfer between: funds relates to the allocation of funds between the cost of the ‘freehold ,property, improvemiénts and investment property held by the charity as at 31 March 2025.
11 =‘Staff Costs
----- Start of picture text -----
||||
|---|---|---|
|Year ended|Year ended|
|31 March 2025|= 31|March 2024|
|£|£|
|Staff Costs|-|-|
----- End of picture text -----
There were no staff casts in the year or previous year.
12 Related Party Transactions ‘and Trustees’ expenses and remuneration
The trustees all give freely their time and expertise without any form of remuneration or other, benefit in -: cash’ or kind (2024: £nil). Expenses paid to the trustees in the year totalled £nil (2024; £nil). No ‘charity _ trustee feceived payment for: professional or other service supplied to the charity (2024 : £nil). AS at 31 March 2025 no Trustees were owed motiey (2024 : two Trustee were owed £7,861).
Page 24