REGISTERED CHARI NUMBER: 701758 Re ort of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Shree Hindu Tem le & Communi Centre
Shree Hindu Temple & Community Centre Contents Page Report of the Trustees Independent examine¢s report Statement of Finanual Activities 1 to2 Statement of Financial Posits'on Notes to the Financial Statements Detailed Statement of Financial Activits'es eto10
Shroe Hindu Temple & Communlty Centre Trustees. Annual Report For the year ended 31 March 2024 The trustees present their annual report and the financial slatemenls for the'year ended 31 March 2024. The financial statements have been presented in accordance with the accounting policies sel out in page 6 and comply with the charity's trust deed, the Charrties Act 2011 and the Statement of Recommended Practice.. Accounting and Reporting by Charities 2005. OBJECTIVES AND ACTIVITIES Objectives and alms The objectives of the charily are: To promote and advance the Hindu Religion in Leicester and the surrounding area To provide a place for religious worship. for spiritual leaching and religious celebration To teach and preach the Hindu religion in the Guiarati and Hindi languages - To impart faith in the Sanatan Hindu Dhama Significant actlvltles The activities carried out by the charty include-. Organising religious. educational and social progfammes Qrganising and runnin9 of temple al the charrty premises for religious worship ACHIEVEMENT AND PERFORMANCE The charity continue5 to build up its cash reserves for the next phase of building works to both expand the current hall facilities by merging current let propety buildings. The extended hall facility will increase the capacity to hold events and offer more diverse and expended facilities. Charltable Donatlons During this financial year, the managemenl committee made charilable donations of £634 {2023, £406) 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 conlinue to focus on developing areas, where there is deemed to be a benefit lo its devotees and the surrounding commijnity. Fundlng policy The lemple 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 benefil objective. Financlal Review The temple income continues lo remains strong. The lemple cash reserves have been re-built for the next phase of building extension and expansion of prOjIS, including facilities for the elderly, luncheon club. library, etc The Charity has started to create cash reseNes to meet the future needs of the charity and accommodate any future downturns in income. FUTURE PLANS The charity will be reviewing how to oplimise and enhance the use of its existing and planned new facilities. and derive an income to sustain the increased costs. Page 1
STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is constituted under a trust deed dated 23 November 1988 and is registered charity, Number 701758 Rècrultment and appointment of new trustees At the Annual General Meeling on 19th November 2025 a new Trustee Board and Managemenl Commrttee were elected by the paid members of the Hindu Temple and Community Centre. The same board and committee sland due to Covid pandemic. REFERENCE AND ADMINISTRATIVE DETAILS Charity Name Charity Number Principle Office Accountants Bankers Shree Hindu Temple & Community Centre 701758 34 St Barnabas Road. Leicester, LE5 480 Burleys Leicester Limrted. 9 Gower Street. Leicester. LE13LJ Naiwest Bank PIC and Virgin Money Trustees Or Jivabhai Odedra Mrs Saroiben Pandya Mr Mohanbhai Dajibhai Patel Management Commlttee Trustees Mr Shitalbhai Adalia (President) Mr Kalpesh Modi {Vice President) Mr Pareshbhai R Kotecha (Treasurer) Mr Kartik Jitendra (Vice Treasurer) Mr Siddharth Godhania (Secretary) Mr Dharmesh Patel {Assistant Secretary) Mr Kalpesh Ucaria Rambhiben Odedra Mahesh Bava Pravin Kumar Chagan Ramesh Rajshakha Ramnikbhai Thakrar Nitin Valobo Umiilaben Modi Mr Vaishi Sisodia Kiritbhai Bansali Rabibhavi Varu Co op Members Bharalbhai Karavadra Parbalbhai Abha Pradip Kumar Haribhai Nilin Ranchod Approved by or roft e board of trustees on 19th November 2025 and signed on its behalf by: DrJ ra - Chair of Trustees Page 2
Shree Hindu Temple & Community Centre Independent examlne¢s report to the Trustees on the accounts of Shree Hlndu Temple & Communlty Centre for the year ended 31 March 2024 I report to the chaity trustees on my examination of the accounts of the Shree Hindu Temple & Community Centre (the Trust) for the year ended 31 March 2024. Re3 onslbilltles and basis of re ort As the charity trustees of the Trusl you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given'by the Charity Commission under section 14515)Ibl of the Act endent Examlnerfs Statement re ortando Inde Inlon Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of which is one of the listed bodies 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 thai in any material respect: 1. accounting records vrfere 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 th the applicable requirernents 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 noi a matter considered as part of an independent examination. I have no concerns and have come across no other matters in conneclion with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr A D Kanani FCCA Burleys Leicester Limited Chartered Certified Accounlanls 9 Gower Street Leicester LEI 3LJ 19 November 2025 Page 3
Shree Hlndu Temple & Communlty Centre Statement of Flnanclal ActlvitSes for the year ended 31 March 2024 Unrnstrlctod funds R•strlctod funds Total funds Total funds Notes 2024 2024 2024 2023 Incoming resources from g8ner81ed funds.. 227.788 11,095 209.074 32,019 227.788 11.095 209.074 32,019 4,575 136.605 10.013 195.745 24,870 2,995 Donations & Lega¢ie$ Investment Income Income Fr¢)m Chantable Actr'vities Other trading aclivilies Gauchara fund Shishu Vihar 4.57$ 4,575 484.551 370.228 Total Incomlng fo•ourc•* 479.976 Resources expended from dirnct ¢harit8ble expnth'lurn .' Raising donations and bgacies 269.589 269,589 248,968 Other trading acbvitws 6,$58 6,558 5,473 Charitablo Activitiès 634 2,471 3,105 2.4C6 Financ• & Governan costi 10 8.576 8,576 8,450 Total r•$ource• •xpend•d 285.357 287,828 265.297 Net Incomlng rnsourc 194,619 2,104 196,723 104,931 Total funds brought Iomafd 2.087.990 20,233 2.224.392 2,119.461 Total funds carrl•d forward 22.337 2,421,115 2.224,392 Contlnulng oporatlon$ JI income and expenditur• has arisen from contsnying JclNrt Page 4
Shree Hindu Temple & Communlty Centre Statement of Financial Posltlon as at 31 March 2024 Unrestricted funds 2024 Restricted funds 2024 Total fund¥ 2024 Total funds 2023 Note• Fixed assets Tangible assets 12 1.680,486 1,680,486 1,680,486 1.680,486 1,679,509 1,679,509 Current a88et8 Amounts falling due within one year Cash at bank and in hand 13 775 724.327 775 746,664 775 561,040 22.337 725.102 22.337 747,439 561,815 Current liabllitle8 Amounts falling due within one year 14 (6,811) (6.811) {16,933) (6,811) (6,8111 {16,9331 Net curront assèts 718,291 22.337 740,628 544,882 Totsl a880ts le•• ¢urrnnt IlabSlltl•8 2.398.777 22,337 2,421.115 2,224,392 Net a•sets 2.398,777 22.337 2,421,115 2,224,392 Funds Unrestricted funds Reslricled funds 15 2.262,609 158,506 2.067,990 156,402 Unrestncted funds 2,421,115 2.224,392 The financial slalemenls Vre approved by the trustees on 19 November 2025 and signed on their behalf by.. Dr dedra- Chair of Trustees Page 5
Shree Hindu Temple & Community Centre Notes to the Accounts for the year ended 31 March 2024 1 Summary of slgnificant accounting pollcios Basis of preparing tho financial statements The financial statements of the charity. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charilies. Statement of Recommended Practice applicable to charities preparing their acrx)unts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effethve 1 January 20151., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Incomo All income is recognised in the Statement of Financial Activrties once the chanty has entitlement to the funds, It is probable that the income wll be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obli9alion committing the charity io that expenditure, it is probable thal a transfer of e¢onomi¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted lor on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to partlGular headings they have been allocated to activities on a basis consislent with the use of resources. Tanglble Ilxod assets Deprerjation is provided at the followng annual rates in order to vffite off each asset over its estimated useful life. Fixtures and equipment 10% Net book value Stocks Stocks are valued at the lower of cost and net realisable value. after makin9 due allowance for obsolete and slow moving items. Taxatlon The charity is exempt from tax on its chantable activits'es. Fund accounting Unrestri¢ted funds can be used in accordance with the charitable objectives at the discretion of Ihe trustees. Restrided funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise bvhen specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each lund is included in the notes to the financial statements. Page 6
Shree Hindu Temple & Community Centre Notes to the Accounts for the year ended 31 March 2024 Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Finan¢ial Activities on a straight line basis over the period of the lease. 2 Analy818 of Charltablo Incomo and exponditurn 2024 2023 3 Donations & Logacles Other receipts Igranls and insurance daimsl Pula, arti and donations Gift Aid 5,250 125.691 5,664 136.605 152.463 75,325 227,788 4 Investment Incomg Bank deposit interest Rental income 11.095 3,345 6,668 10,013 11,095 5 Income From Charitablg Activltlo• Hall hire - religious functions 209.074 209,074 195,745 195.745 6 Othor trading activitios Advertising In publi&ition IBhakti Darshanl Shishu Vihar Fees from running Gujarati dass88 Navratn 3.100 2,900 6.860 22.059 32,019 3,195 18,775 24.870 7 Ral8lng donations and logaclos Motor expenses SOare Depreciation Wages and salanes Insurance Light & Heal Rates and water Cleaning Printing, postage & stationery Telephone Pensions Repairs & Renewals Navratri l Diwali l Gujarati Classes Priests Travel & Subsistence Sundry expenses Prasad - Foods Hire of plant and machinery 300 105 931 9,398 61,901 6,845 24.014 7.276 9,970 8,312 576 487 11,176 21.735 37,092 8,773 72,622 8,041 16.813 7.612 14.574 3,321 1,288 654 12,932 20.120 46.605 300 53.616 2,018 45.063 4.087 Pa9e 7
Shree Hindu Temple & Community Centre Notes to the Accounts for the year ended 31 March 2024 8 Other trading activities Cost of organised tour Publication expenses 4,073 1,400 5,473 6.558 6.558 9 Charltable Activlties Gaushala Donations 2.000 406 2.406 2,471 634 10 Flnanc? & Govornan¢• costs Bank charge$ Legal fees 8ook-keeping fees 2,884 4,601 1.475 2,500 8.576 5.586 8,450 Page 8
Shree Hindu Temple & Community Centre Notes to the Accounts for the year ended 31 March 2024 11 Avorage Number of Employèe8 The average monthly number of employees dunng the year was as follow$-. 2024 2023 Teachers, priests & administrative stsff 13 13 15 No employees received emoluments in excess of £60.000. 12 Tangible Fixed Assets Frnohold prOrtY Idol ornaments Flxtures, fittlngs and oqulpment Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 1,547,825 6,600 47,099 214.036 3,150 1,808,960 9.750 1.554,425 47,099 217.186 1,818,710 Dopreclatlon At l April 2023 Charge for the year On disposals At 31 March 2024 129.451 8,773 129.451 8.773 138,224 138,224 Not book value At 31 March 2024 At 31 March 2023 1,554.425 1,547,825 47.099 47.099 78.962 84.585 1.680,486 1,679,509 13 Debtors: Amounts Falllng Due Wlthln Ono Year 2024 2023 Stocks Trade Oebtors 775 775 775 775 Page 9
Shree Hindu Temple & Community Centr• Notes to the Accounts for the year ended 31 March 2024 14 Credltors: Amounts Falling Duo Withln One Year 2024 2023 Trade creditorslaccruals Taxation and social security Other Creditors 9,240 5,430 2,263 18,933 490 6,321 6.811 15 Movoment In Fund8 Net Incoming Resources Al 01.04.23 At 31.03.24 Unrestrlcted Funds General fund 2.067,990 194,619 2.262,609 Restrlctsd Fundg Gauchara fund 20.233 2,104 22,337 Shishu Vihar 136,169 136,169 Total Funds 2.224,392 196,723 2,421.115 Incoming resources Resources expended Movement in funds Unro8trleted Funds General fund 479.976 (285,357) 194,619 Restrl¢ted Fund8 Gauchara fund 4,575 (2,471) 2,104 Shishu Vihar ToLI1 Fund8 484,551 287,828 196,723 16 Related Party Dl•closuro8 There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. There were no trustees. expense$ paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 10
Shree Hlndu Temple & Community Centre Detailed Statement of Financlal Activities for the year ended 31 March 2024 Income & En owrnen 2024 2023 Donatlon• & L•gacles Other CeIptS Igrants and insuranc? claims) Pula, arti and donations Gift Aid 5,250 125,691 152,463 75.325 227.788 136,605 Investment Income Bank deposit interest Rental income 11,095 3.345 .6,668 10,013 11.095 Incom• From Charltsble A¢tlvltSes Ha11 hire - religious functions 209.074 209.074 195,745 195.745 Other Income Advertising in publicalion18hakts Darshan) Shishu Vihar Fees from running Guiarati classes Navratri 3.11X) 6.860 22.059 32,019 3.195 18.775 Ex Ral•lng donatlon• and l•g•cles Motor expenses Sofvare Depreciation Wages and salaries Insurance Light & Heal Raies and water Cleaning Printing. postage & slalionery Telephone Pension$ Repairs & Renewals Navralri l Diwali i Guiarati Classes Priests Travel & Subsislonce Sundry expenses Plasad - Foods Hire ol plant and machinery 105 931 9.398 61.901 6,845 24.014 7.276 9.970 8.312 576 487 11.176 21,735 37,092 8,773 72.622 8,041 16.813 7.612 14.574 3,321 1.288 6Y 12.932 20,120 46,605 300 53.616 2.018 269.589 45,063 4087 248.968 Other trndlng activitles Cost ol organised iour Publication expenses 4,073 1,4QHJ 6.558 Charltable Actlvltles Gaushala Donations 2.471 634 3.105 4c6 2.406 Finance & Governan¢e costs Bank charges Legal lees Book-keeping fees 4,601 1.475 2.500 8,576 2.884 8,450 Net Incomlng resour¢eslllossl 192,148 101,936 Page 11