| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2024 |
| FOR |
| HINDU CULTURAL SOCIETY GRIMSBY |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2024 |
| FOR |
| HINDU CULTURAL SOCIETY GRIMSBY |
| HINDU CULTURAL SOCIETY GRIMSBY |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 MAY 2024 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| HINDU CULTURAL SOCIETY GRIMSBY (REGISTERED NUMBER: 08073722) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 MAY 2024 |
| The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 May 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| Advancing the Hindu religion, culture and promoting integration with the other communities. |
| Advancing the education in the Hindu tradition, history, language, literature and music. |
| Public benefit |
| We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees/Directors consider how planned activities will contribute to the aims and objectives they have set. |
| ACHIEVEMENT AND PERFORMANCE |
| Charitable activities |
| We celebrated a number of Hindu festivals bringing together Hindu communities in the area. We also held music, dance and fund raising events inviting other communities, religious groups to come together and help understanding. We have started weekly Indian classical dancing lessons with a professional teacher. We also held regular study sessions into Hindu religious scripture, visiting schools when asked to talk about Hinduism to enhance what has been taught at school. Work has continued on improving and updating the society's premises. |
| FINANCIAL REVIEW |
| Reserves policy |
| The level of reserves is closely monitored by the trustees to ensure any necessary action is taken at the appropriate time. Free reserves at the 30th May 2024 amounted to £22,421 (2023 - £29,018). The Trustees feel reserves are adequate for the charity to continue. |
| FUTURE PLANS |
| Renovation of the society's premises will continue, this will enable the increase of activities such as yoga, meditation, literature, dance and music for all. We intend to have more monthly classes of yoga, music lessons, Bollywood dancing and to continue with school visits to the centre. |
| We hope to arrange functions in subjects of common interest to all communities which will help integration and understanding of other communities. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| Recruitment and appointment of new trustees |
| The charity seeks to appoint trustees/directors from persons who share the same ethos. It seeks to identify those most suitable to bring a balance of skills and strengths to the board. |
| Organisational structure |
| Management and Trustees/ Directors are responsible for the management of the Charity and its assets in furtherance of its objects. |
| Induction and training of new trustees |
| On appointment, all Trustees undertake an induction to include overview of the Charity and breakdown of responsibilities. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| HINDU CULTURAL SOCIETY GRIMSBY (REGISTERED NUMBER: 08073722) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 MAY 2024 |
| Registered office |
| Trustees |
| Independent Examiner |
| Mrs. H. Spauls FCA |
| Smethurst & Co LLP |
| 12 Abbey Road |
| GRIMSBY |
| DN32 0HL |
| Bankers |
| GRIMSBY |
| DN31 1UX |
| STATEMENT OF TRUSTEES' RESPONSIBILITIES |
| The trustees (who are also the directors of Hindu Cultural Society Grimsby for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
| Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
| - | select suitable accounting policies and then apply them consistently; |
| - | observe the methods and principles in the Charity SORP; |
| - | make judgements and estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
| The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| HINDU CULTURAL SOCIETY GRIMSBY (REGISTERED NUMBER: 08073722) |
| Independent examiner's report to the trustees of Hindu Cultural Society Grimsby ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 May 2024. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have 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. |
| Mrs. H. Spauls FCA |
| Smethurst & Co LLP |
| 12 Abbey Road |
| GRIMSBY |
| DN32 0HL |
| 30 April 2025 |
| HINDU CULTURAL SOCIETY GRIMSBY |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 30 MAY 2024 |
| 30.5.24 | 30.5.23 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 161,110 |
| HINDU CULTURAL SOCIETY GRIMSBY (REGISTERED NUMBER: 08073722) |
| BALANCE SHEET |
| 30 MAY 2024 |
| 30.5.24 | 30.5.23 |
| Unrestricted | Restricted | Total | Total |
| fund | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds | 161,110 |
| TOTAL FUNDS | 161,110 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| HINDU CULTURAL SOCIETY GRIMSBY |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 MAY 2024 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| The charity has departed from the Charities SORP and FRS 102 in order to depreciate all freehold property at a rate of 2% on a straight line basis. |
| The treatment required by the Charities SORP and FRS 102 where an asset comprises of two or more major components is that each component should be depreciated separately over its useful life and that the value of land is not depreciated. |
| The trustees consider that depreciating all freehold property at a rate of 2% on a straight line basis reflects the value of the asset for the charity, and have concluded that the accounts present a true and fair view. |
| Income |
| All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for 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 particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Freehold property | - |
| Fixtures and fittings | - |
| Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions of less than £300 are not capitalised. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| HINDU CULTURAL SOCIETY GRIMSBY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MAY 2024 |
| 2. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 30.5.24 | 30.5.23 |
| £ | £ |
| Accountancy | 480 | 528 |
| Depreciation - owned assets |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 May 2024 nor for the year ended 30 May 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 May 2024 nor for the year ended 30 May 2023. |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 166,065 | - |
| TOTAL FUNDS CARRIED FORWARD | 161,110 | - | 161,110 |
| HINDU CULTURAL SOCIETY GRIMSBY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MAY 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 31 May 2023 and 30 May 2024 |
| DEPRECIATION |
| At 31 May 2023 |
| Charge for year |
| At 30 May 2024 |
| NET BOOK VALUE |
| At 30 May 2024 |
| At 30 May 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.5.24 | 30.5.23 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.5.24 | 30.5.23 |
| £ | £ |
| Other creditors |
| 8. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 31.5.23 | in funds | 30.5.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 161,110 | (9,926 | ) | 151,184 |
| TOTAL FUNDS | (9,926 | ) | 151,184 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 7,598 | (17,524 | ) | (9,926 | ) |
| TOTAL FUNDS | ( |
) | (9,926 | ) |
| HINDU CULTURAL SOCIETY GRIMSBY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MAY 2024 |
| 8. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 31.5.22 | in funds | 30.5.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 166,065 | (4,955 | ) | 161,110 |
| TOTAL FUNDS | 166,065 | (4,955 | ) | 161,110 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 8,143 | (13,098 | ) | (4,955 | ) |
| TOTAL FUNDS | 8,143 | (13,098 | ) | (4,955 | ) |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| At | movement | At |
| 31.5.22 | in funds | 30.5.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 166,065 | (14,881 | ) | 151,184 |
| TOTAL FUNDS | 166,065 | (14,881 | ) | 151,184 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 15,741 | (30,622 | ) | (14,881 | ) |
| TOTAL FUNDS | 15,741 | (30,622 | ) | (14,881 | ) |
| HINDU CULTURAL SOCIETY GRIMSBY |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 MAY 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| Donations made by Trustees to the charity during the year amounted to £950 (2023 - £960). |