|Milton Keynes Hindu Association|Milton Keynes Hindu Association|| |---|---|---| |**To Preserve & Promote Hindu Culture**|Ferry Meadows Close
Milton Keynes|| |**All donations welcome**||MK10 9QY| ||**Tel:**0300 365 1008|| |**Lloyds Bank: MKHA sort code: 30 15 53, account no: 00118570**|e-mail:info@mkha.org|| ||secretary@mkha.org|| ## **Trustees Annual Report** The trustees are pleased to present their annual report together with the financial statements for the charity for the year ending 31 March 2022. ## **Objectives and activities** The charity holds weekly events at our community centre to preserve and promote Hindu culture. Members of community are regularly attending these weekly events free of charge in our warm surroundings. This year we have achieved record number events post the pandemic lockdown. Our centre provides a safe healthy environment with sanitizer stations, temperature monitor and regular deep cleaning of the premises. The committee has also arranged a professional company to clean on a regular basis. We are expanding our online presence to broadcast to the wider community of the facilities we offer using many of the social media channels. Further expansions will follow when sufficient funds allow. The phase 2 – Main Community Centre development is being perused and the biggest challenges is funding and ever-increasing costs of materials. An intermediate stage may be implemented to assist with fund raising and alleviate current shortage of space at our centre. ## **Achievements and performance** Coming out of Covid 19 restrictions, we have restarted at our centre all the cultural events, educational classes, Lunch club for the elderly, Health and Wellbeing seminars, regular prayers and music and in addition, we enjoyed the successful Ganesh Utsav, Holi, Ram Navami, Hanuman Jayanti, Jalaram Jayanti, Janmashtami, Navratri and more. We have had the pleasure of having at our centre the renowned dignitaries including the Deputy Mayor, Judge Francis Sheriden, Francesca Skelton, HM Deputy Lord Lieutenants', Councilor Sam Crooks, Councilor Manish. We have successfully increased our online presence to broadcast to the wider community of the facilities we offer using many of the social media channels. Further expansion will follow when sufficient fund allows. Our centre helps a wider society by making the centre available for their regular functions without discrimination on faith or race. The charity has worked closely with Arts and Heritage on several projects and seek to help the wider community. The charity is active in supporting and contributed to the food banks. From time to time, support is given to crisis appeals worldwide. We have celebrated 3[rd] anniversary of our community centre with full house celebrating our achievement and acknowledging the benefits of having the centre. We congratulate our own president Mr. Vinod Pankhania being awarded BEM (British Empire Medal) in January 2022 for his great work, achievements and leadership. ## **Financial review** Our financial status ends with a positive balance possible only by the generous donations and **Registered Charity Number: 802344** help during the difficult times with covid grant. We have had salaried teachers helping with our educational classes for Language, Bollywood dancing, Yoga and wellbeing and music. (Not salaried) Our expenses are kept to minimum by kind help from all the volunteers working tirelessly. The Chai Nasto (Lunch Club) has become very popular and has to manage through a waiting list due to the limited space available at current premises. The revenue from this helps with running costs and will support picnic outings in the summer months. We have not taken the RISC valuation of our premises this year and has estimated value. The cash reserves accumulated approx. £119,449 will be supporting expenses toward the phase 2 development costs and day to day running. The minimal estimation to do the starting stage of Phase 2 is £2.4 million so this balance will need to grow in the coming years. However, we have successfully increased our revenue over previous year and reduced expenses and therefore increased our funds going forward. ## **Structure, governance and management** We have maintained the requirements of our constitution. We have had 3 new trustees introduced this year (Nayana Tailor, Manju Koria and Satmesh Panchal AKA Satish Panchal) replacing 2 outgoing trustees (Rikesh Raichura and Darshana Jagatia). The core team is maintained with 5 members and the Executive team of 10 members plus 2 Co-opt members. The enthusiastic team all help out with their multitude of skills helping with First aid, Health & Safety, Maintenance, Event planning, Management, compliance and more. ## **Reference and administrative details** Charity Name Milton Keynes Hindu Association Charity Number 802344 Charity Address MKHA Community Centre Ferry Meadows Close Broughton Milton Keynes MK10 9QY Trustees Satmesh Panchal (Chair) Nayana Tailor Manjula Koria Sunil Gandhi Accountants ACE Accounts & Tax Limited Chartered Certified Accountants 2 Whittle Court Knowhill Milton Keynes MK5 8FT ## **Exemptions from disclosure** Our AGM is re scheduled for February this year later than usual due to unavoidable circumstances. Satmesh Panchal (AKA Satish Panchal) Trustee of Milton Keynes Hindu Assn. **Registered Charity Number: 802344** Milton Keynes Hindu Association Unaudited Financial Statements For the Year Ended 31 March 2022 Milton Keynes Hindu Association Contents Page Accountant Report Statement of Financlal Activities 2&3 Balance sheet To The Members of Milton Keynes Hindu Association ACCOUNTAKfs REPORT FOR THE YEAR ENDED 31 MARCH 2022 l Report on the acccMJnt5 for the year ewxled 31 Marth 2022. A5 the charity'5 trustees you are resposiblefor the preparation of the accounts in accordance with the requirements of the tharities Act 2011 Act,). I have exarnined your tharity's accounts as requlred under section 145 of the charities Art 2011 I'the Art'l. In carrying rny examination I havefollowed the (lirertX￿S given by the Charlty Commission under section 145151{b) of the 2011 Art. My role is to state whether any material matters have come to my attention givi￿ me cause to belive: l. that accounting record5 were rlot kept as requirnd by section 130 of the ACL. ¢x 2. that the accounts do not accord with those records. or 3. that the ac¢ounts do not compty with the accountlro rewwemats of the Act; or 4. that there is filrther infomiatlon needed for a pnyr understa)din8 of the accounts. Independent examlnevs ststement I have completed my examination and have no concems in respect of the Matte￿(1) to141 listed above and,in connection with fo#owng the DireCti(m￿ ol the tharity Commission I have found no matters that require drawing to your attention. ACE Accounts & Tax Limited Chartered Certtfied Accountants 2 Whlttle Court Knowlhill Milton Keynes MK58 Dated If ..g.fvA AOIS 2 Whlitl• Court Knowlhlll Mitton K¢ynM MKS 8Fr vnvw.aceaccountsx.co.uk ilt(m Keynes Hlndu Assoclatlon IN ME AND EXPEND DE REA Total funds Totsl Funds 2021 INCOME Full￿lONs Navaratri Diwali Others 4.831 3.890 8.025 5,587 14,4f 9A77 Acadefflic Classes Membership 1.462 30 5.615 IA92 OTHER114COME Donations. General Co¥id-19 Oonations Community Foundation Covid Grant Bank Interest Rent Glft Sandesh Chai Nasta MKHA Lotto 20,822 2273 18.157 lo,￿4 49 8.967 26 425 7,170 2.520 50 386 2,498 42.202 34.244 TOTAL INCOME 277 45,213 LESS EXPENDITURE 29,349 35.0 SURPLUS 31929 10.123 Mllton Keynes Hlndu Assotlatlon INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Tolal Funds Tolal Funds 2021 EXPENDITURE FUNCTIONS Navaratrf Diwali Others 51 351 L069 1,420 ACADEMIC CLASSES Teachers Wages & Nl Casual Wages Refund of hire L675 349 435 2,110 OTHER EXPENOMJRE Covid-19 Caterin# costs Audit and actountin8 Postage & Ststionery Insurance Sundry Sandesh Property Maintenance & Repairs Utilities Waste disposal Computer cosr Cleaning Charitable don•tion$ Telephone and inlernet Health and safety Bank char¥e5 Compllance Training MKHALotto Building Regult Dèpréciation 8.918 916 1.022 2.621 310 3,240 4.518 2.141 6.265 1,527 253 574 787 2.941 132 450 256 355 77 1.472 1.638 6.681 L587 6.945 27.198 31.560 TOTALEXPENDITURE 35,09) FIXED ASSErs Furnhure and I￿￿re5 tand & Bu4di 647.YJ3 65J.172 653.767 657,853 CURRENT ￿￿Er5 lnvostmentAcco￿nt rrea5urers Accoum Metro Bank MKHA Melro bank Buildlno Projott Fur Paypal A(couTht5 R•cetrnbl* PrepaymeD ¥493 44.172 io ¥776 15.6( Ll(X) 80.188 CURRENT UABIUTIES Accrual Deposil ty Hirergr5 Ateounts Payable 420 350 Tot•1 A%ets lem ¢unErt ￿b￿lI}eS 736M71 COMMUNITY RE5ERVE5 Re5etve BIF Surplus ￿tept COV11>19 Surplus Irom Ctrh>19funds Surplus fr•ryear Transferto deWatedfuDd 73V72 n7,350 8.937 1.186 2273 929 General Reserye Dodud.. Prthou5 VearadJ￿ent 76Y.801 737,474 RevalL*tlon Rese Tot•1 736 Note5 5￿Me￿ on behalof theAssoclat&)n Treasurer Prtslderf Milton Keynes Hindu Association Unaudited Financial Statements For the Year Ended 31 March 2022 Milton Keynes Hindu Association Contents Page Accountant Report Statement of Financlal Activities 2&3 Balance sheet To The Members of Milton Keynes Hindu Association ACCOUNTAKfs REPORT FOR THE YEAR ENDED 31 MARCH 2022 l Report on the acccMJnt5 for the year ewxled 31 Marth 2022. A5 the charity'5 trustees you are resposiblefor the preparation of the accounts in accordance with the requirements of the tharities Act 2011 Act,). I have exarnined your tharity's accounts as requlred under section 145 of the charities Art 2011 I'the Art'l. In carrying rny examination I havefollowed the (lirertX￿S given by the Charlty Commission under section 145151{b) of the 2011 Art. My role is to state whether any material matters have come to my attention givi￿ me cause to belive: l. that accounting record5 were rlot kept as requirnd by section 130 of the ACL. ¢x 2. that the accounts do not accord with those records. or 3. that the ac¢ounts do not compty with the accountlro rewwemats of the Act; or 4. that there is filrther infomiatlon needed for a pnyr understa)din8 of the accounts. Independent examlnevs ststement I have completed my examination and have no concems in respect of the Matte￿(1) to141 listed above and,in connection with fo#owng the DireCti(m￿ ol the tharity Commission I have found no matters that require drawing to your attention. ACE Accounts & Tax Limited Chartered Certtfied Accountants 2 Whlttle Court Knowlhill Milton Keynes MK58 Dated If ..g.fvA AOIS 2 Whlitl• Court Knowlhlll Mitton K¢ynM MKS 8Fr vnvw.aceaccountsx.co.uk ilt(m Keynes Hlndu Assoclatlon IN ME AND EXPEND DE REA Total funds Totsl Funds 2021 INCOME Full￿lONs Navaratri Diwali Others 4.831 3.890 8.025 5,587 14,4f 9A77 Acadefflic Classes Membership 1.462 30 5.615 IA92 OTHER114COME Donations. General Co¥id-19 Oonations Community Foundation Covid Grant Bank Interest Rent Glft Sandesh Chai Nasta MKHA Lotto 20,822 2273 18.157 lo,￿4 49 8.967 26 425 7,170 2.520 50 386 2,498 42.202 34.244 TOTAL INCOME 277 45,213 LESS EXPENDITURE 29,349 35.0 SURPLUS 31929 10.123 Mllton Keynes Hlndu Assotlatlon INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Tolal Funds Tolal Funds 2021 EXPENDITURE FUNCTIONS Navaratrf Diwali Others 51 351 L069 1,420 ACADEMIC CLASSES Teachers Wages & Nl Casual Wages Refund of hire L675 349 435 2,110 OTHER EXPENOMJRE Covid-19 Caterin# costs Audit and actountin8 Postage & Ststionery Insurance Sundry Sandesh Property Maintenance & Repairs Utilities Waste disposal Computer cosr Cleaning Charitable don•tion$ Telephone and inlernet Health and safety Bank char¥e5 Compllance Training MKHALotto Building Regult Dèpréciation 8.918 916 1.022 2.621 310 3,240 4.518 2.141 6.265 1,527 253 574 787 2.941 132 450 256 355 77 1.472 1.638 6.681 L587 6.945 27.198 31.560 TOTALEXPENDITURE 35,09) FIXED ASSErs Furnhure and I￿￿re5 tand & Bu4di 647.YJ3 65J.172 653.767 657,853 CURRENT ￿￿Er5 lnvostmentAcco￿nt rrea5urers Accoum Metro Bank MKHA Melro bank Buildlno Projott Fur Paypal A(couTht5 R•cetrnbl* PrepaymeD ¥493 44.172 io ¥776 15.6( Ll(X) 80.188 CURRENT UABIUTIES Accrual Deposil ty Hirergr5 Ateounts Payable 420 350 Tot•1 A%ets lem ¢unErt ￿b￿lI}eS 736M71 COMMUNITY RE5ERVE5 Re5etve BIF Surplus ￿tept COV11>19 Surplus Irom Ctrh>19funds Surplus fr•ryear Transferto deWatedfuDd 73V72 n7,350 8.937 1.186 2273 929 General Reserye Dodud.. Prthou5 VearadJ￿ent 76Y.801 737,474 RevalL*tlon Rese Tot•1 736 Note5 5￿Me￿ on behalof theAssoclat&)n Treasurer Prtslderf