2021-03-31-accounts - Shri Kanagathurkkai Amman (Hindu) Temple Trust

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		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	to	8
Statement ofFinancial Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		17
Notes to the Financial Statements	13	to	22

						2021	2020
				Unrestricted	Restricted	Total	Total
			Notes	funds 8	funds 8	funds f	funds 8
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	258,131	73,507	331,638	308,547
Charitable activities			4
Income horn charitable	activity			420,354		420,354	878,914
Investment income			3	89,468		89,468	92.815
Total				767,953	73,507	841,460	1,280,276
EXPENDITURE ON
Raising funds Raising donations and Other trading acuvities Investment management	legacies costs		5 6 7	34,656 20,674		34,656 20,674	46,351 3,577 52,827
				55,330		55,330	102,755
Cltaritable activities Costs ofcharitable activity			8	575,573	60,550	636,123	996,13$
Total				630,903	60,550	691,453	1,098,893
Net gains on invesunents				420,000		420,000	29,175
NET INCOME				557,050	12,957	570,007	210,557
Transfers between funds			21	32,058	(32,058)
Net movement in funds				589,108	(19,101)	570,007	210,557
RECONCILIATION	OP FUNDS
Total funds brought	forward			3,768,148	313,715	4,081,863	3,871,306
TOTAL FUNDS CARIUED FORWARD				4,357356	294,614	4,651.870	4,0$1,1163

				2021	2020
		Unrestricted	Restricted	Total	Total
FIXEDASSETS	Notes	funds 8	funds	funds 8	fundsf
Tangible assets Investmcats	I4	1,893,004		1,893,004	1,240,798
Investments Investment property	15 16	566,303 ~2,270000		566,303 2,270,000	566303 1,850,000
		4,729,307		4,729,307	3,657,101
CURRENT ASSETS
Debtors Cash at bank and in hand	17	10241	294,614	304,855	5,271 842,887
		10441	294,614	304,855	848,158
CREDITORS
Amounts falling due within one year	18	(58,080)		(58,0$0)	(58,717)
NET CURRENT ASSETS		(47.839)	294,614	246,775	789,441
TOTAL ASSETSLESSCURRENT
LIABILITIES		4,681,468	294,614	4,976,082	4,446,542
CREDITORS
Amounts falling due ager more than one year	19	(324,212)		(324,212)	(364,679)
NET ASSETS		4,357756	294.614	4,651,870	4,081.863
FUNDS	21
Unrestricted funds:
General fund Restricted funds:				4,357,256	3,76$,148
Donation
				294,614	313,715
TOTALFUNDS				4,651,870	4,081,863

				2021	2020
			Notes	g	8
Cash floivs from operating	activities
Cash generated from operations				201,649	206,186
Interest paid				(4,606)	(8,121)
Tax paid					(2,824)
Net cash provided by operating activities				197,043	195,241
Cash flows from investing	activities
Purchase oftangible lixed assets				(679,630)	(54,707)
Purchase oflixed asset investments					(15,974)
Sale offixed asset investments					(3)
Interest received				370	3,943
Net cash used in investing	activities			(679,260)	(66,741)
Cash flows from linancing	activities
Loan repayments in year				(55,815)	(53,731)
Net cash used in financing	activities			(55,815)	(53,731)
Change in cash and cash	equivalents	in
the reporting period				(538,032)	74,769
Cash and cash equivalents	at the
beginning ofthe reporting	period			842,887	768,118
Cash and cash equivalents	at the end	of
the reporting period				304,855	847,887

FOR	THE YEAR EiNDED 3	THE YEAR EiNDED 3	THE YEAR EiNDED 3	1(sIARCH 2021	1(sIARCH 2021	1(sIARCH 2021	1(sIARCH 2021
1.	RECOiNCILIATION			OF NET INCOhIE TO NET CASH FLO3V FROhl				OPERATliNG
	ACTIVITIES
								2021f	2020f
	iNet income	for the	reporting				period (as per the Statement ofFinancial
	Activities)							570,007	210,557
	Adjustments	for:
	Depreciation	charges						27,424	25,744
	Gain on investments							(420,000)	(79,175)
	Interest received							(370)	(3,943)
	Interest paid							4,606	8,121
	Decreaser(increase)		in	debtors				5,270	(4,771)
	Increase,'(decrease)		in	creditors				14,717	(347)
	Net cash provided		by	operations				201,649	206,186
2.	ANALYSIS	OF CHAiNGES				IN NET FUNDS/(DEBT)
							At 1.4.20	Cash llaw	At 31.3.21
							f	f	f
	Net cash
	Cash at bank	and in	hand				847,887	(538,037)	304.855
							847,887	(538,032)	304,855
	Debt
	Debts falling	due within			I year		(54,465)	15,349	(39,116)
	Debts falling	due after		1	year		(364,679)	40,467	(374,717)
							(419,144)	55,816	(363,378)
	Total						423,743	(482,216)	(58,473)

NOT FOR	ES TO THE FINANCIAL STATEilIENTS - continued THE YEAR ENDED 31MARCH 2021	ES TO THE FINANCIAL STATEilIENTS - continued THE YEAR ENDED 31MARCH 2021	ES TO THE FINANCIAL STATEilIENTS - continued THE YEAR ENDED 31MARCH 2021	ES TO THE FINANCIAL STATEilIENTS - continued THE YEAR ENDED 31MARCH 2021	ES TO THE FINANCIAL STATEilIENTS - continued THE YEAR ENDED 31MARCH 2021	ES TO THE FINANCIAL STATEilIENTS - continued THE YEAR ENDED 31MARCH 2021
2.	DONATIONS AND LEGACIES
								2021f	2020
	Donations							331,638	308,547
3,	INVESTMENT		INCONIE
								2021	2020
									f
	Rents received							89,098	88,872
	Deposit account interest							370	3,943
								89,468	92,815
	INCOSIE	FROM CHARITABLE ACTIVITIES
						Activity		2021f	2020 8
	Abishekam	&Archanai				Income from charitable	activity	298,354	698,123
	Flower &Garlands					Income from charitable	activity	4,857	33,702
	Shri Kanagathurrkai Amman					Income from charitable	activity	2,020	11,225
	Wedding					Income from charitable	activity	15,810	29,600
	Saree donations					Income from charitable	activity	9,244	23,678
	Gold &Silver pention					Income from charitable	activity	927	10,800
	Miscelleous					Income from charitable	activity	3,962	4,723
	Monkeynuts					Income from charitable	activity		2,902
	Calender, Panchankam,			CD,Video,P Income from charitable activity				11,412	14,804
	Lanu					Income from charitable	activity	7	14,861
	Car park vouchers					Income from charitable	activity	593	3,156
	Milk					Income from charitable	activity	4,388	19,073
	Thadchanai					Income from charitable	activity	3,530	11,967
	Other exeptional		income-
	VAT R					Income from charitable	activity	65,250	300
								420,354	878,914
5.	RAISING	DONATIONS			AND LEGACIES
								2021	2020
									f
	Staffcosts							34,656	43,333
	Sundries								3,018
								34,656	46,351

6.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
								2021f	2020f
	Interest payable	and	similar charges						3,576
7.	INVESTSIENT ItIANAGEMENT			COSTS
								2021 f	2020f
	Administrative	expenses						4,925	7,344
	Property repairs							15,749	45,483
								20,674	57,877
g.	CHARITABLE ACTIVITIES COSTS
						Grant
						funding	of
						activities		Support
					Direct	(see note		costs (see
					Costs f	9)f		note 10) f	Totals f
	Costs ofcharitable		activity		114,870	194,931		326 322	636,123
9.	GRANTS PAYABLE
								2021f	2020
	Costs ofcharitable		activity					194,931	151,875
Ill.	SUPPORT COSTS
									Information
						Management f		Finance f	technology f
	Costs ofcharitable		activity			190,743		11,308	9,621
					Human			Governance
					resources	Other		costs	Totals
					f			f	f
	Costs ofcharitable		activity		7,803	102,247		9,600	326,327

12.	STAFF COSTS
								2021f	2020f
	Wages and salaries							175,177	217,814
	Social security costs							2,273	1,124
	Other pension costs							1,518	2,593
								178,968	221,531
	The average monthly	number ofemployees				during	the year ivas as folloivs;
								2021	2020
	Number ofproduction		staff					18	19
	No employees received			emolumenm	in excess off60,000.
13.	COiglPARATIVES	FOR THE STATEMENT					OF FINANCIAL ACTIVITIES
							Unrestricted	Restricted	Total
							funds	funds	funds
								f	8
	liVCONIE AND ENDOtVMEistTS				FROgl
	Donations and legacies						215,088	93,459	308,547
	Charitable activities
	Income from charitable			activity			878,914		878,914
	Investment income						92,815		92,815
	Total						1,186,817	93,459	1,280,276
	EXPENDITURE ON
	Raising funds
	Raising donations and		legacies				46,351		46,351
	Other trading activities						3,576		3,576
	Investment management			costs			52,827		52,827
							102,754		102,754
	Charitable activities
	Costs ofcharitable activity						942,140	54,000	996,140
	Total						1,044,894	54,000	1,098,894
	Net gains on investments						29,175		29,175

FOR	TBEYEAR ENDED	31MARCH 2021	31MARCH 2021	31MARCH 2021	31MARCH 2021
13.	CO»IPARATIVES	FORTBESTATEMENT				OF FliNAiNCIAL	ACTIVITIES -continued
							Unrestricted	Restricted	Total
							funds	funds	funds
							f	f
	NET INCOME						171,098	39,459	210,557
	Transfers betvveen	funds					39,461	(39,461)
	Net movement in funds						210,559	(2)	710,557
	RECONCILIATIOiN		OF FUNDS
	Total funds brought		fonvard				3,557,589	313,717	3,871,306
	TOTAL FUNDS CARRIED FORWARD						3,768,148	313,715	4,081,863
14,	TANGIBLE FIXEDASSETS
								Fistures
				Freehold		Short	Long	and
				property f		leasehold	lcaschold f	fittings f	Totals f
	COST
	At I April 2020			1,417,569		34,320	107,899	57,847	1,617,630
	Additions						671,730	8,400	679,630
	At 31 March 2021			1,417,569		34,320	779,129	66,247	2,297,760
	DEPRECIATIO»1
	At 1 April 2020			376,041				50,791	376,837
	Charge for year				14,176			13,748	27,424
	At 31 March 2021			340,217				64,039	404,256
	NET BOOK VALVE
	At 31 March 2021			1.071.33		34,370	779.129	7,203	1,893,004
	At 31 March 2020			1,091,578		34,320	107,899	7,051	1,740,798
IS.	FIXEDASSET INVESTi»IEiNTS
									Unlisted
									investments
	i»IARKET VALUE
	At 1 Apri12020 and		31 March	2021					566,303
	NET BOOK VALVE
	At 31 March 2021								566,303
	At 31 March 2020								566,303

16.	INVESTiXIEiVT PROPER	T	Y
	FAIR VALUE
	At 1 April 2020						1,850,000
	Revaluation						420,000
	At 31 March 2021						2,270,000
	NET BOOK VALUE
	At 31 March 2021						2,270,000
	At 31 March 2020						1,850,000
	Fair value at 31 March 2021		is represented		by:		f
	Valuation in 2021						420,000
	Cost						1,850,000
							2,270,000
17.	DEBTORS:AMOUNTS	FALLING		DUE IVITHIN ONE YEAR
						2021	2020
						f	f
	Other debtors						3,000
	Social security and taxes						2,271
							5,271
18.	CREDITORS: AisIOUNTS		FALLING		DUE IVITHIN ONE YEAR
						2021	2020
						f
	Bank loans and overdrafts	(see note		0)		39,1 16	54,465
	Trade creditors					11,764
	Taxation and social security						652
	Other creditors					7,200	3,600
						58,080	58,717

19.	CREDITORS: AMOUNTS	FAL	LING DUE A	F	TER MORE	THAN ONE YE	AR
							2021	2020
							f	f
	Bank loans (see note 20)						324,212	364,679
20.	LOANS
	An analysis ofthe maturity of	loans is given below:
							2021	2020
							f	f
	Amounts falling due within one year on demand:
	Bank loans						39,116	54,465
	Amounts falling between one	and	two years:
	Bank loans - 1-2years							15,128
	Amounts falling due between	two	and five years.	'
	Bank loans -2-5 years						324 212	349,551
21.	lVIOYEMENT liN FUNDS
						Net	Transfers
						movement	between	At
					At 1.4.20	in funds f	funds f	31.3.21 f
	Unrestricted funds
	General fund				3,768,148	557,050	32,058	4,357,256
	Restricted funds
	Donation				313,715	12,957	(37,058)	294,614
	TOTAL FUiVDS				4,081,863	570,007		4,651,870
	Net movement in funds, included		in the above are		as follows:
					Incoming	Resources	Gains and	Movement
					resources	espended f	losses	in funds f
	Unrestricted funds
	General fund				767,953	(630,903)	420,000	557,050
	Restricted funds
	Donation				73,507	(60,550)		12,957
	TOTAL FUiVDS				841,460	(691,453)	420,000	570,007

					Nct	Transfers
					movement	bettveen	At
				At 1.4.19	in funds	funds	31.3.20
				f	f	f	f
Unrestricted		funds
General	fund			3,557,589	171,098	39,461	3,768,148
Restricted funds
Donation				313,717	39,459	(39,461)	313,715
TOTAL	FUNDS			3,871,306	210,557		4,081,863
Comparative		net movement	in funds, included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	espended f	losses f	in funds f
Unrestricted		funds
General	fund			1,186,817	(1,044,894)	29,175	171,098
Restricted		funds
Donation				93,459	(54,000)		39,459
TOTAL FUNDS				1,280,276	(1,098,894)	29,175	210,557

				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.21
					8	f
Unrestricted		funds
General	fund		3,557,589	728,148	71,519	4,357,256
Restricted funds
Donation			313,717	5'2,416	(71,519)	294,614
TOTAL	FUNDS		3,871,306	780,564		4,651,870

Comparat	ives	for movem	ent in funds
						Net	Transfers
						movement	between	At
					At 1.4.19	in funds	funds	31.3.20
					f	f	f	8
Unrestricted		funds
General fund				3,557,589		171,098	39,461	3,768, 148
Restricted funds
Donation					313,717	39,459	(39,461)	313,715
TOTAL	FUNDS			3,871,306		210,557		4,081,863
Comparative		net movement	in funds, included	in the above are		as follows:
					Incoming	Resources	Gains and	Movement
					resources	espended f	losses f	in funds 8
Unrestricted		funds
General	fund				1,186,817	(1,044,894)	29,175	171,098
Restricted funds
Donation					93,459	(54,000)		39,459
TOTAL	FUNDS				1,280,276	(1,098,894)	29,175	210,557
A current	year 12months		and prior year 12months		combtned	position is as follows:
						Net	Transfers
						movement	between	At
					At 1.4.19	in funds	funds	31.3.21
					f		f	f
Unrestricted		funds
General	fund				3,557,589	728,148	71,519	4,357,256
Restricted funds
Donation					313,717	52,416	(71,519)	294,614
TOTAL	FUNDS				3,871,306	780,564		4,651,870

			Incoming	Resources	Gains and	hlovement
			resources f	espendcd	losses f	in funds
Unrestricted		funds
General	fund		1,954,770	(1,675,797)	449,175	728,148
Restricted		funds
Donation			166,966	(114,550)		52,416
TOTAL	FUNDS		2,121,736	(1,790,347)	449,175	780,564