Charlty Reglstratlon number 700067 Hindu Cultural Society Of Cleveland Unaudited Financial Statements 31 March 2025 Hlndu Cultural Soclety Of Cleveland Flnanclal Statements Yèar ended 31 March 2025 Page Trustees annual report Indwndent examlnefs report to the trustees Statement of finandal activitias Statement of financial position Notes to the financlal ststements Statement of changes in equty Notes to the accounts The tollowlng pages do not forni part of the financlal statements Detailed statemnt of financial acbvitses 14 Notes to th8 detailed statement of linancllal actlvities 15 Hlndu Cultural Soclety Of Cleveland Trustees. Annual report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Relerence and admlnlstratlve detalls Reglslered charlty name Charfty reglsiratlon number Hindu Cultural Society of Cleveland 700067 Prlnclpal offlce 54 Westbourne Grove North Omesby Middlesbrough TS3 6EF The Trustees Mr P Kumar Mr S Biswas Dr SN Roy Dr RKG Mudalagiri Dr B N Prasad Sinha Mr G Slngh Mr A Verma Bankers Barclays Bank PLC Albert Road Middlesbrough TS11PR Bankers Ctroperative Bank PO box 48 1 Balloon Street Machester M601GP Bankers HSBC PLC PoBox117 Albert Road Middlesbrough TS11RS Independent examlner Mr M C Thompson FCCA Thompson & Co Ltd 39b York Road Hartlepool TS26 8AH Hlndu Cultural Soclety Of Cleveland Trustees Annual Report (contlnued) Year ended 31 March 2025 StTUCtureJ governance and management Governing document The charity is controlled by It's governlng document, a constitutlon , as defined by the Charities Act 2011. The charity Is an unincorporated charity. Organisatlonal Structure The executive committeo is responsible for the management of the charty arKI ifs assets in furtherance of ft's objects. Oblectives and actlvltles Objectives and alms Advancing the Hindu rellglon, culture and promoting integration with other communities. Advanclng the education in the Hindu tradition, history, language, literature and rnus6c. To manage a place of worship for the Hindu religion for the recitation of Hlndu prayers and conduct Hindu rituals. The charity also operates a day centre for the elderly Hindu community but all other faiths are welcome. Publlc Beneflt We have referred to the guldance contained in the Charity Commission's general guidance on public benefft and complied With section 17(5) of the 2011 Charitles Act when revlewing our aims and objectives and in planning our future activibes. In particular, the trustees consider how planned actsvitses will contribute to the aims and objectives they havé set. Achlevements and Performance Achlevements The celebratlon of the Festival of Ughts at the centre in Stockton with the collaboration of the council Celebration of Ramayana and ShlvPuja with scholars from India and daytrips were organlsed for visits to various temples In the UK. Flnanclal revlew It Is the policy ol the eharity to hold sufficient funds to cover the costs of the charity for at least the next 12 months, The current reserves of the charty are more than sufficlent for thls requirement. The surplus of Incom8 over expenditur8 for the year was £27,780 (2024 surplus of income over expenditure £29522). The total reserves as at the 31st March 2025 were £630,654(2024 £602,874). The balance of free reserves as at 31 st March 2025 Is £630,654 (2024: 602,874) which the trustees consider to be withln their target reserves16vel. The charitys Investrnent Income relates entlrely to bank Interest received and so the trustees do not conslder that a separate Investment policy Is necessary. Plans for future perlods In the future the charity Is looking to generate Income by allowing the day centre to be used by other communty servlce groups such as keep fit sesslons, NHS health checks and other associated classes. The charity continues to rais6 some funds by th8 sale of vegetiirian food. Hlndu Cultural Soclety Of Cleveland Trustees Annual Report (contlnued) The charity is also looking to expand the amount of volunteers it uses, to benefit of everyone who uses the day centre. HlrKlu Cuhural Soclety of Cleveland Trustees, Annual Report (continued) Year ended 31 March 2025 The trustees. annual report was approved on ... nd signed on bahalf of the tx)ard of trustees by. Mr P Kumar Trustee Hlndu Cultural Soclety Of Cleveland Accountants, Report Hlndu Cultural Soclety of Cleveland Independent Examiners Report to the Trustees of Hindu Cultural Society of Cleveland Year ended 31 March 2025 I report to the trustees on my examination of the linancial statemerrts of Hindu cUl￿ra1 Society Of Cleveland {'the charity:) for the year errfled 31 March 2025 Responslbllttles and basls of report As the trustees of the charity you are responsible for the preparation of the financial statements In accordance with the requirements of the Charities Act 2011 Cthe Acf). I report in respect of my examination of the charitys financial statements carried out under section 145 of 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 Act. Independent examIne￿S statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the financid statements do not accord with those records; or 3. the financial statements do not comply with the applicable requirements concerning the fomi and content of accounts set in the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement that that the accounts give a Irue and fairf view whlch Is not a matter considered as part of an irKleperKlent examination. I have no concems 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 understandlng of the accounts to be reached. Mr M C Thompson Independent Examiner Thompson & Co Ltd 39b Yoork Road Hartlepool TS26 8AH Hlndu Cultural Socloty of Cl8veland Statoment of Flnanclal Actlvltl88 Yèar endod 31 March 2025 2025 Unrestricted Funds Total 2024 Funds Tot￿ FurKJ8 Income and èndowments Donations and legacles Charitable activities Investment income Total Ineome Expendlture Expenditure on charitable activities Total expendlture Note 150,664 150,664 9,085 859 129,626 13,728 859 -132,828 .132,828 -114,517 Net (expendfture)Ilncome and net movement In funds Reconcillatlon ot funds Total funds brought forward Total funds carrled forward 27,780 27,780 602,874 602.874 29,522 573,352 02, The statement of financial activities includes all gains and losses recognised In the year. All income and expenditure derive from continulng activities. Hlndu Cultural Soclèty of Cleveland Statement of Flnanclal Posltlon Year ended 31 March 2025 2025 2024 Flxed assets Tangible fixed assets Current assets Debtors Cash at bank and In hand Noie 13 285,838 288,899 14 348,664 348,664 363,344 326,344 Credltor8: amounts falllng due wlthln one year Net current assets Total assets less current Ilabllltles Net assets 15 12,369 344 816 313,975 630.654 602,874 630 654 602.874 Funds of the charlty Unrestrlcted funds Total charlty funds 630.654 602,874 630.654 602.874 16 These financial statements were approved by the board of trustees and authorised for issue 0￿}/ nd are signed on behalf of the board by: MrPKu Truste8 Hlndu Cultural Soclety of Cleveland Notes to the Flnanclal Statemenls Year endèd 31 March 2025 1. General Inforniatlon The charity is a public benefit entity and a registered charity In England and Wales and Is TS17 OXL. unlncorporated. The address of the principal offlcer Is 3 Wellbrook Close, Ingelby BaNick, 2. Statement ot compllance These financial statements have been prepared In compllance with FRS, 102, The Financlal Reporting Standard applicable in th8 UK and the Republlc of Ireland,, the statement of Recommended Practice appllcable to charitl8s preparing their accounts In accordance with the Financlal Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. 3. Accountlng Pollcles Basis of preparation The financial statements have been prepared on the historical cost basis, as modrfied by the revaluation of certain financial assets and liability and Investment properties measured at fair value through fjncome or expenditure. The financial statements are prepared In sterling, which is the functlonal currency of the entity- Golng concern There are no material uncertainties about the charty's ability to continue. Judgements and key sources ot estimation uncertainty The preparation of the flnancial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and Judgements are continually reviewed and are based on experience and other factors, Indudlng expectations of future events that are belleved to be reasonable under the circumstances. Fund accountlng Unrestricted funds are available for use at the dlscretlon of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commltment. Restricted funds are subjected to restrictlons on thelr expenditure declared by the donor or through the terms of an appeal, and fall Into on8 of two sub-classes: restricted income funds or endowment funds. Incomlng resources All Incoming resources are Included In the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transactlon will flow to the charity and the amount can be reliably measured. The following specific pollcies are applled to particular categories of income: Hlndu Cultural Soclety of Cleveland Notes to thè Flnanclal Statements Year ended 31 March 2025 Income from donations or grants Is recognlsed when there is evldence of entitlement to the glft. recelpt is probable and its amount can be measured rellably. . Legacy income Is recognlsed when recelpt Is probable and entltlement Is established. . Income from donated goods Is measured at the falr value of the goods unless this is impractical to measure rellably, In whlch case the value Is derived from the cost to the donor or the estimated resale value. Donated facllltles and services are recognised in the accounts when recelved if the value can be rellably measured, No amounts are Included for the contribution of general volunteers. - Income from contracts for the supply of services Is recognised wlth the delivery of the contracted servlce. Thls Is classitied as unrestricted funds unless there Is a contractual requlremont for it to be spent on a partlcular purpose and returned If unspent, In whlch case It may be regarded as restricted. Resources expended Expenditure Is recognised on an accruals basls as a liabilty is Incurred. Expenditure indudes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activtties to ￿lch it relates: .expendfture on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities. and the sale of donated goods. - Expenditure on charitable activities all costs incurred by a charity in undertaking activitfes that further its charitable alms for the benefit of Its beneficiaries, Including those support costs and costs relatlng to the govemance of the charity apportloned to charitable activities. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor its part of its expendlture on charitable activities. All costs are allocated to expenditure categories reflecting the use ot the resource. Dlrect costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. Justiflable and conslstent basls. Tanglble assets All fixed assets are Inltlally recorded at a cost, Depreclatlon Depreciatlon is calculated so as to write off the cost or valuation of an a&set, less its residual value, over the useful economlc life of that asset as follows: Equlpment 150/0 reduclng balance Hlndu Cullural Soclety of Cleveland Notes to the Flnanclal Statements Year ended 31 March 2025 Impalrnient of flxed assets A review for indicators of Impairment is carried out at each reportlng date, with the recoverable amount being estimated where such Indlcators exlst. Where the carrying value exceeds the recoverable amount, the asset is Impalred accordlngly. Prlor Impairments are also reviewed for possible reversal at each reportlng date. For the purposes of Impalmient testing, when It Is not posslble to estimate the recoverable amount of an individual asset, an estimate Is made of the recoverable amount ol the cash- generating unlt to whlch the asset belongs. The cash-generating unit is the smajlest identrfiable group of assets that Includes the asset and generates cash inflows that largely Independent of the cash inflows from other assets or groups of assets. For impaimient testing of goodwill, the goodwill acquired in a business combination is from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, Irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanelal Instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic tinancial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current &￿etS and current liabilities are subsequently measured at the cash or the other consideration expected to be paid or received arKI not discounted. Debt instruments are subsequently measured at amortised cost. Where investments In shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes In fair value recognised In income and expenditure. All other such investments are subsequently measured at cost less impaimient, Other financial instruments, Including derivatives, are initially recognised at falr value, unless payment for an asset Is deferred beyond normal business terms or financed at a rate of Interest that is not a market rate of Interest for a similar debt Instrument. Other financial Instruments are subsequently measured at a falr value, with any changes recognised in the statement of financlal activitles. with the exception of hedging instruments in a designated hedglng relationshlp. Flnancial assets that are measured at cost or amortised cost are reviewed for objective evidence of Impalrment at the end of each reporting date. If there Is objective evidence of Impairment, an impalmient loss Is recognlsed under the appropriate heading in the statement of finandal activities In whlch the InStlal galn was recognlsed. For all equity Instruments regardless of slgniflcance. and the financlal assets that are Individually slgnlficant, these are assessed Individually for impairment. Other financial assets are esther assessed Individually or grouped on the basis of slmilar credit risk characteristics, Hlndu Cultural Soclety ol Cleveland Notes to the Flnanclal Statements Year ended 31 March 2025 Any reversals of impalrment are recognised immedfately, to the extent that the reversal does not result in a carrying amount of the flnanclal asset that exceeds what the carrying amount would have been had the Impalmient not previously been recognlsed. 4. Donations and legacles Unrestrlcted Funds Tolal Funds Unrestricted 2025 Funds Total Funds 2024 Donatlons Donatlons 150,664 150,664 129,626 129,626 Grants Grants receivable 9,085 159.749 13.728 13,728 149,738 149.738 5. Charltable actlvltles Unrestrlcted Funds Total Funds Unrestricted 2025 Funds Total Funds 2024 other Income from charitable activities 6. Investment Income Unrestricted Funds Total Funds Unrestricted 2025 Funds Total Funds 2024 Bank Interest receivable 859 859 859 685 7, Expendllure on charitable actlvltles by fund type Unrestrlcted Funds Total Funds Unrestricted 2025 Funds Total Funds 2024 Society activities Support Costs 132,078 750 132,828 132,078 750 132,828 113,767 113,767 750 750 114,517 114,517 10 Hindu Cultural Soclety of Clèveland Notes to the Hnanclal Staiements Year ended 31 March 2025 8. Expendlture on charltable actlvllles by actlvlty type Activities undertaken directly Support costs Total fund 2024 2025 Society activities Govemance costs 132,078 750 750 132,078 113,767 750 750 132,828 114,517 132,078 9. Net (expendlture)Ilncome Net (expenditure)fincome Is stated after charglng//(crediting): 2025 2024 Depreciation of tanglble fixed assets 3,061 4,495 10. Independent examlnatlon fees 2025 2024 Fees payable to the independent examlner for: Independent examinatlon of the financial statements 750 750 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and &alaries 51,654 49,723 The average head count of employees during the year was 3 (2024= 3). No employee received employee beneflts of more than £60,000 durlng the year {2023:Nil). 12. Trustee remuneratlon and expenses No remuneratlon or other benefits from employment with the charity or a related entity were received by the trustees. 11 Hindu Cultural Soclety of Cleveland Notes to the Flnanclal Statemènt8 Year ended 31 March 2025 13. Tanglble flxed assets Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Carrylng amount At 31 March 2025 At 31 March 2024 Land and buildings Motor vehicles Equlpment Total 273,592 273.592 67,601 341,193 67,601 341,193 52,294 52,294 3,061 3.061 55,355 55.355 273,592 273,592 12.246 285,838 11,480 298,344 14. Debtors Prepayments and accwed income 2025 2024 15. Credltors: amounts falllng due wlthin one year 2025 2024 Accruals and deferred income Social securty and other taxes 4,737 7632 5.271 1,305 3,848 16. Analysls of charitable funds Unrestrlcted funds At 1 April 2024 Income At31 Expenditure March 2025 General Funds 602,874 160,608 -132,828 630,654 At 1 April 2023 Income At31 Expenditure March 2024 General Funds 573,352 144,039 -114,517 602.874 12 Hlndu Cultural Society of Cleveland Notes to the Flnancial Slalements Year ended 31 March 2025 17. Analysls of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 285,838 348,664 -3,848 285.838 348,664 -3,847 0,65 Unrestricted Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 285,838 348,664 -3,848 630,654 288,899 326.344 -12,369 602.874 13 Hindu Cultural Society of Cleveland Detailed Statement ot Financial Activities Year ended 31 March 2025 Income and endowments Donations and legacles Donations Grants receivable 2025 2024 150,664 9,085 159,749 129,626 13,728 Charitable activities other Income from charitable activitles Investrnent income Bank interest receivable Total Income 859 160.608 144,039 Expenditure Expenditure on charitable activities Wages and salaries Rates and water Light and heat Repairs and maintenance Insurance Telephone Other office costs Depreclation Legal and Professlonal Fees Bank Charges Cleanlng Accountsncy fees Subscrlptlons Miscellaneous costs 6,850 51,654 1,272 23.987 9.889 2,100 1552 983 3,061 6081 49,723 12,023 4.353 1.860 1083 1,362 4,495 60 2388 1430 200 27,402 132,828 60 3004 1,320 159 28,994 114,517 Total expenditure 132.828 114, 17 Net (expenditure)fincome 27,780 29.522 14 Hindu Cultural Society of Cleveland Notes to the Detailed statement of Financial Activities Year ended 31 March 2025 2025 2024 Expenditure on charitable activities Society activities Activlties undertaken directly Soclety activities ~ wageslsalaries Society activities - wageslsalaries Society activities - rates and water Society activities - light & heat Society activitses - repairs & maintenance Society activities - insurance Society activities - telephone Society activities - other off ice costs Society actlvities - depreciation Soclety activities - cleaning, pest control and contract waste Soclety activities - bank charges Soclety activities - visa costs Soclety acbvities - subs Society activities - cost of food etc 6081 51654 49,723 1272 23987 12,023 4,353 2.717 1083 1932 4,495 2100 1552 1663 3061 3004 60 200 27402 132.078 159 28,994 113.767 Govemance costs Accountancy fees 750 750 Expenditure on charitable activities 132,828 114,517 15