REGISTERED CHARITY NUMBER: 701758 Re ort of the Trustees and Financial Statements for the Year Ended 31 March 2022 for Shree Hindu Tem le & Communi Centre
Shree Hindu Temple & Community Centre Contents Page Report of the Trustee5 Indepen¢Jent examinerfs port Statemenl of Financial Activities 1to2 Statement of Financial Position Notes to the Financial Statements 61010 Detailed Statement of Financial Acbvibes
Shree Hindu Temple & Community Centre Trustees. Annual Report For the year ended 31 March 2022 The trustees present their annual report and the financial stalemenls for the year ended 31 March 2022. The financial statements have been presented in accordance with the accounting policies sel oul in page 6 and comply with the charivs trust deed, the Charities Act 2011 and the Statement of Recommended Practi.. Accounting and Reporting by Charities 2005. OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the charity are.. To promote and advance Ihe Hindu Religion in Leicester and the surrounding area To provide a place for religious worship. for spiritual teaching and religiou5 celebration To leach and preach the Hindu religion in the Gujarati and Hindi languages - To impart faith in the Sanatan Hindu Dhama Slgnificant activities The activities carried out by the charity indude.. Organising religious. educational and social programmes Organising and running of temple al the charity premises for religious worship ACHIEVEMENT AND PERFORMANCE The charity continues to build up ils cash reseives for the next phase of building works to both expand the current hall facilities by merging current let property buildings. The extended hall facility will increase the capacty to hold events and offer more diverse and expended facilities. Charitable Donations During this financial year, the management committee made charitable donations of £2.71012021'.£1.000) FINANCIAL REVIEW Prlnclpal fundlng sources The charity's sources of income arose from the main. voluntary gift and small donations. Investment policy The charity will continue lo focus on developing area5, where there is deemed to be benefit lo its devotees and the surrounding community. Funding poli¢y The temple has organised a full calendar of scripture readings. religious functions and festivals to attract maximum attendance. Thus a continuation of small donations was received, and charity satisfied its public benefit objective. Financial Review The temple income continues to remains strong. The temple cash reserves have been re-built for the next phase of building extension and expansion of projects. including facilities for the elderly. luncheon club. library. etc. The Charity has started to create cash reserves lo meet the future needs of the charity and accomm(Klate any future downturns in income. Page 1
FUTURE PLANS The charity wll be reviewing how to optimise and enhance the use of its existing and planned new facilities. and derive an income lo sustain the increased costs. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is constituted under a trust deed dated 23 November 1988 and is a registered charity. Number 701758 Re¢rvltment and appointment of new truslees At the Annual General Meeting on 15th December 2019. a new Trustee Board and Management Committee were elected by the paid members of the Hindu Temple and Community Centre. The same board and commrttee stand due to Covid pandemic. REFERENCE AND ADMINISTRATIVE DEfAILS Charity Name Charity Number Principle Office Accountants Bankers Shree Hindu Temple & Community Centre 701758 34 St Bamabas Road. Leicesler. LE5 4BD Budeys Leicester Limited. 9 Gower Street. Leicester. LE13LJ Natwest Bank PIC and Virgin Money Trustees Dr Jivabhai Odedra Mr Shantilal Thanki Mr Mohanbhai Dajibhai Patel Managemenl Commlttee Truslees Mr Shilalbhai Adatia (President) Mr Vajshibhai Sisodia (Vice President) Mr Pareshbhai R Kotecha (Treasurer) Ramniklal Thakrar (Vice Treasurer) Mr Siddharth Godhania {Secretary} Mr Pardip Kumar (Assistant Se¢tary) Bhupendr3kumar D Patel Rameshbhai Rajshaka Bharal Karavadra Kalpesh Modi Ishw8rlal Lacxman Subhash Metha Budhiabhai Sikotra All of the trustees resigned or were appointed on 15th December 2019 Approved by order of the board of trustees on 30th June 2023 and signed on its behalf by. Dr J Odedra - Chair of Trustees Page 2
Shree Hindu Temple & Cornmunity Centre Independent examlnerfs report to the Trustees on the account5 of Shree Hindu Temple & Comrnunity Centre for the year ended 31 March 2022 report to the chairty trustees on my examination of the account5 of the Shree Hindu Temple & Community Centre (the Trust) for the year ended 31 March 2022. Res onsSbllltle$ and basis of re ort As the charity trustees of the Trust you are reswnsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carying out my examination I have followed all applicable Directions given by the Charity Commission under section 145{5){b) of the Act Inde endent EXamineS Siatement re ortando inion Since your charitls gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to underlake the examination because l am a registered member of which is one of the listed bodies I have completed my examination. I confinn that no material matters have come lo my attention in connection wth 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 conceming Ihe form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounls give a tnje and fair Mew which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. MrA D Kanani FCCA Burteys Leicester Limited Chartered Certified Accountanls 9 Gower Street Leicester LE1 3LJ 30 June 2023 Page 3
Shr•t Hindu Temple & Cornmunlty Centre Ststem8nt of Finaneial Activliies for the year 8nd¢d 31 March 2022 Unr¢stricted fund$ Restrlcted fvnds Totsl fvnd5 Total funds Notes 2022 2022 2022 2021 Income Endowm•nts F Donal*)ns & Legacles Investment Income Income From Charitable Acbvi Oth8r trading acbvthes Gauchara fuTha 111.372 16.1N)8 113.7 163.519 111.372 16,008 113.790 163.519 2,303 95,023 16,012 28.986 415 15 2.303 Totsl In¢omlng r•sourc•s 404.689 2,303 406.992 140.451 Ex nditur• Resources exp8nd8d fmm ch8ntable expenditure." Raisng don8tK)ns and 18gades 219.418 219.418 1.756 Other trading aetiwb'es 1.2L 1,21J) 1,200 Chari¢abl8 Acbvitstss 2.710 2.710 Financ8 & QA)vemance costs 10 2.357 2,357 4.872 Total resour¢•s exnded 225,th5 225.685 197,228 Not Incomln9 r•sourcesllloss1 179.C¥)4 2,303 181,307 156,7771 Total fund5 brought forward 1.921.219 16.935 1,938,154 1,994.931 Totsl funds carried fon¥ard 2.100,223 19,238 2.199.461 1.938,154 Contlnulng operatlon$ All In¢orne and expenditure has arisen continulThJ athibes Pag8 4
Shree Hindu Temple & Community Centre ststem•nt of Flnancial Position as at 31 March 2022 Unrestrlcted funds 2022 Restrlcted funds 2022 Total funds 2022 Total funds 2021 Not•s Flxed a$$ets Tangible assets 12 1.672,349 1.672.349 1.672,349 1,672.349 1.669.950 1.669,950 Current assets Amounts falling due wthin one year Cash al bank and in hand 775 441,803 775 461.041 775 274,376 19,238 442.578 19.238 461,816 275.151 Current1SabllJtlos Amounts falling due wthin one year 14 (14,705 (14,7051 16.9471 {14.705) 14,705 Net currgnt 0$ts 427.873 19,238 447.111 268,204 Total assets less Current Ilabllltl 2.100.222 19,238 2.119.461 1.938,154 Not assets 2.100.222 19,238 2.119.461 1.938,154 Funds Unrestricted funds Resthcled funds 15 2.100,223 19,238 1.921,219 16,935 Unrestricted funds 2,119.461 1.938.154 The financial stslements re approved by the trustees on 30 June 2023 8nd sMJned on their behalf by.. Dr J Odeilra- Chair of Trustees Page 5
Shreo Hindu Templo & Community Centr¢ Note$ to the Accounts for the year ended 31 March 2022 1 Summary of slgnlflcant accountlng pollcies Basss of pr•paring the financial statements The financial statements of the charity. vthich is a public beneffil entity under FRS 102, have been prepared In accordance with the charib.es SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Repcwiing Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151,. Financial Reporting Standard 102 The Frnancial Reports"ng StsrKlard applicable in the UK and Republic of Irèland, and tha Charities Act 2011. The finan(ial statements have been prepared under the hisiorbcal cost convention. Income All income is reco9nised in the Statement of Financial A¢b"vities once the charity has entitlement to the funds, il is probable that the income wll be received and the amount can bg measured reliabty. Expenditur• Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligab'on committing the charity to that expendiiure. il is probable that a transfer of economic benefits will lje required in settfement and the amount of the obligation can be measured reliably. Expendilure is accounted for on an accruals basis and has been classified under headings that a99regale all cost related to the category. Where ¢051s cannot be directly attributed to particular headings they have been allo¢aled to activities on a basis consistenl with the use of resources. Tangible fixed assets Depreciation is provided at the followng annual rates in order lo write off each asset over ils estimated useful life. Ftur8$ and equipment 10% Net I))k valu& Sto¢k$ Stocks are valued al the lower of cost and net realisable Wdlue. after making due allowance for obsolete and slow moving items. Taxatlon The charty is exempl from tax on ils tharilable acti%Aties. Fund accountlng Unrestricted funds can be used in accordance with the charttable objectives at the dIretIOn of the INstees. Rtrslricted funds can only be used for paClar restricted purposes within the objects of the charity. Restridions arise when spea"fd by the donor or when funds are raised for part*¢ular restricted purposes. Further explanation of the nature and purpose of each fund is inded in the notes to the financial stalemenls. Page 6
Shree Hindu Temple & Community Centre Notes to the Accounts for the year end¢d 31 March 2022 Hire purcha$• and 18aslng commitments Rentals paid under operating leases are charged lo the Slalemenl of Financial Activities on a straight line basis over the period of the lease. 2 Analys1$ ol Charitable Income and expenditure 2022 2021 3 Donatlons & Legaclos Other receipts Igranis and insurance claims) Pula. arti and donations Gift Aid 18,132 68,919 24,321 111,372 65,014 30.009 95.023 4 Investm&nt Incom8 Bank deposit interest Rental income 12 16,000 16,012 16.Crf)O 16,008 5 Income From Charftabla Actlvltlos Hall hire- religioL¢S functions 113,790 113,790 28.986 28,986 6 Other tradlng actlvltl¢$ Advertising in publication (Bhakti Darshanl Shijhu Vihar Fees from wnning Gujarati classes Navratri 1,400 136,169 2.630 23.320 163.519 430 430 7 Ralslng donatlons and l•gacl•s Motor expenses Softsyare Depreciation Wages and salarles Insurance Light & Heat Rates an¢J water Cleaning Printing, postage & stationery Telephone Pensions Bad debts Repairs & Renewals Navratri l Diwali l Gujarab" csSeS Priests Travel & Subsistence Prasad- Foods Hire of plant and machinery 200 1.030 8.602 68.551 6.989 15.382 3.381 7.639 7.847 576 958 66,113 5.240 10.349 3.288 7.740 1,914 1.987 910 11.302 11,245 4.272 20.110 300 35,808 1.242 190.156 7.592 38.291 32.936 580 18,647 217 219,418 Page 7
Shr¢e Hindu Temple & Community C9ntre Notes to the Accounts for the year ended 31 March 2022 Other trading actlvltl•s Cost of organised lour Publication expenses 1.200 1.2CKI 1.200 1,200 9 Charltabl• Adivities Gaush8la Donations 1.000 2,710 2.710 1,000 10 F5nanc8 & Govemanc8 costs Bank charges Consuliancy fees Accountancy and legal fees 2.087 270 1,644 3,228 4.872 2.357 Page 8
Shree Hlndu Temple & Community Centre Notes to the Accounts for the year ended 31 Mar¢h 2022 11 Average Numb•r of Employees The aveiage monthly number ol employees during the year was as follows.. 2022 2021 Teachers, priests & 8dministrative staff 13 12 12 No employees received emoluments in excess of £60.(. 12 Tangible Fixed Assets Frnehold propèrty Idol ornamènts Fixtur¢$ & equiprnent Total Cost Al 1 April 2021 Additions DisposaEs At 31 March 2022 1,547.825 47.099 186,477 11,001 1,781,401 11,001 1.547.825 47.099 197.478 1.792,402 D•preclatlon Al 1 April 2021 Charge for the year On disposals Al 31 March 2022 111.451 8.602 111,451 8,602 120.053 120,053 Net book valu• Al 31 March 2022 At 31 March 2021 1.547.825 1.547,825 47.099 47.099 77,425 75,026 1,672,349 1,669.950 13 Debtors: Amounts Fa115ng Due Within On• Year 2022 2021 Stocks Tradè Debtors 775 775 775 775 Page 9
Shree Hindu Temple & Community Centre Notes to the Accounts for the year ended 31 March 2022 14 Credltors: kniounts Falling Du• Within On• Year 2022 2021 Trade credilorslaccruals Taxation and social security Othei Ci8ditors 6,721 3,998 3,986 3.686 538 2.723 6,947 15 Mov•m•nt In Funds Net Incoming Resources At 01.04.21 At 31.03.22 Unrgstrlctsd Funds General fun 1.921.219 179,004 2.100,223 Restrlcted Funds Gauchara fund 16.935 2,303 19.238 Total Funds 1,938,154 181.307 2.119.461 Inc¥)ming sources Resources expended Movement in funds Unrestricted Funds General fund 404,689 1225.6851 179,004 Rèstrlctod Funds Gauchara fvnd 2.303 2.303 Total Funds 406,992 225,685 181,307 16 Rèlatod Party Disclosuies There were no Iruslees. remuneration or other benefits for the year erHJed 31 March 2022 nor for the year ended 31 March 2021. There were no trustees, exp8ns8s paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. Page 10
Shre• Hlndu Temple & Communlty Centre Detailed Statement of Financial Activities for the year ended 31 March 2022 Income & Endowments 2022 2021 Donatlon5 & Legacles Other receipts (grants and insurdnce daimsl Pula. arti and donations Gift Aid 18.132 68,919 24.321 111.372 65,014 30.009 95,023 INSIMOt Income Bank dewjsit intere Rentrl irwme 12 16.000 16.012 16.C#)O Income From Charttabl• vitIeS Hall hire- religwjjs funct5 113.790 113,790 28.986 28.986 Other Incom• Advertising in publication (Bhakti Datshan) Gauehar8 fund Shijhu Vih8r F9es from running Gujarati dasses Navratri 1.4CX) 2.303 136.169 2.630 23.320 165,822 15 430 445 Ex ndlturt Raising donations and legacies Motor 8XP8n3gS Software Depreciation Wages and salaries Insurance Light & Heat Rates and water Cleaning Prints'ng. p05tsge & ststK Telgphone Pensions Bad debts Repairs & Renowals Navratri l Dwali l Gujarali Classes Priests Travel & Subsistence Prasad- Foods Hire ol plant and machinery 1.030 8.602 68.551 6.989 15.382 3,381 7.639 7.847 576 958 8.336 66,113 5,240 10.349 3,288 7.740 1.914 1.987 910 11,302 11.245 4.272 20.110 300 35.808 1.242 7.592 38.291 32.936 580 18.647 217 219.418 Other tradlng admtlès Cost ol organised tour Publication exFen 1.200 1.200 Charitable kdvltles Gaushala Donation$ 1.000 2,710 2.710 1,000 Flnance & Govomance costs Bank charges A¢covntancy and legal lees 2,087 270 2.357 3.228 4.872 N•t Incomlng r•sourcèslllo$sl 181.307 56.762 Page11