HINDU CULTURAL SOCIETY OF CLEVELAND
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £602,874 at the end of the financial year, which the trustees consider to be within their target level of covering costs for at least the next 12 months. The charity reported a surplus of income over expenditure of £29,522 for the year, contributing to a net asset position of £602,874. The independent examiner confirmed that no material matters came to their attention regarding the financial statements.
What the accounts disclose
“It is the policy of the charity to hold sufficient funds to cover the costs of the charity for at least the next 12 months” — page 4
Trustees
- PREM KUMARchair
- ANKUR VERMA
- Baxi Neeraj Prasad Sinha
- DR RAMA KRISHNA GUPTA MUDALAGIRI
- Dr SAMENDRA NATH ROY
- GOPAL SINGH
- SHYAMAL BISWAS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £161k | £133k |
| 31/03/2024 | £144k | £115k |
| 31/03/2023 | £150k | £132k |
| 31/03/2022 | £133k | £117k |
| 31/03/2021 | £130k | £73k |
Common questions
Is HINDU CULTURAL SOCIETY OF CLEVELAND financially healthy?
The accounts state that the charity held unrestricted reserves of £602,874 at the end of the financial year, which the trustees consider to be within their target level of covering costs for at least the next 12 months. The charity reported a surplus of income over expenditure of £29,522 for the year, contributing to a net asset position of £602,874. The independent examiner confirmed that no material matters came to their attention regarding the financial statements. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AHAVATH CHESSED CHARITABLE ASSOCIATION LIMITED | 1 | £5k |
| NORTH LONDON CHARITIES LTD | 1 | £5k |