2022-03-31-accounts - Shri Kanagathurkkai Amman (Hindu) Temple Trust

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Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Dalance Sheet
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	22
Detailed Statement ofFinancial Activities	23	to	25

					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	fundsf	funds	fundsf	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies			559,497		559,497	331,638
Charitable activities
Costs ofcharitable activity
Income from charitable activity			660,709		660,709	420,354
Investment income		3	90,824		90,824	89,468
Total			1,311,030		1,311,030	841,460
EXPENDITURE ON
Raising funds
Raising donations and legacies			26,273		26,273	34,656
Investment management costs			11,777		11,777	20,674
			38,050		38,05D	55,330
Charitable activities
Costs ofcharitable activity			836,247	58,849	895,096	636,123
Total			874,297	58,849	933,146	691,453
Net gains on investments			42,369		42,369	420,000
NET INCOME/(EXPENDITURE)			479,102	(58,849)	420,253	570,0D7
Transfers between funds		19	235,765	(235,765)
Net movement in funds			714,867	(294,614)	420,253	570,007
RECONCILIATION OF FUNDS
Total funds brought forward			4,357,256	294,614	4,651,870	4,081,863
TOTAL FUNDS CARRIED FORWARD			5,072,123		5,072,123	4,651,870

BALANCE SHEET 31MARCH 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	funds 8	funds 8	funds f	fundsf
AXED ASSETS
Tangible assets	13	2,855,262		2,855,262	1,893,004
Investments
Investments	14	608,672		608,672	566,303
Investment property	15	2.270.000		2,270,000	2.270,000
		5,733.934		5,733,934	4,729,307
CURRENT ASSETS
Cash at bank and in hand		627489		627,589	304,855
CREDITORS
Amounts falling due within one year	16	(130,749)		(130.749)	(58,080)
NET CURRENT ASSETS		496,840		496,840	246,775
TOTAL ASSETSLESSCURRENT
LIABILITIES		6230,774		6.230,774	4,976,082
CREDITORS
Amounts falling due after more than one year	17	(1,158,651)		(1,158,651)	(324,212)
NET ASSETS		5,072,123		5,072,123	4,651,870
FUNDS	19
Unrestricted funds:
General fund				5,072,123	4,357,256
Restricted funds:
Donauon					294.614
TOTAL FUNDS				5,072,123	4.651,870

				2022	2021
			Notes	8
Cash llows from operating		activities
Cash generated from operations				402,78I	201,649
Interest paid				(21,712)	(4,606)
Net cash provided by operating activities				381,069	197,043
Cash Rows from investing		activities
Purchase oftangible fixed assets Saleoffixed asset investments				(978,636) 42,369	(679,630)
Saleofinvestment property				(42,369)
Interest received				64	370
Net cash used in investing	activities			(978,572)	(679,260)
Cash llows from linancing		activities
New loans in year				1,000,000
Loan repayments in year				(79,763)	(55,815)
Net cash provided by/(used		in) financing	activities	920,237	(55,815)
Change in cash and cash		equivalents	in
the reporting period				322,734	(538,032)
Cash and cash equivalents		at the
beginning ofthe reporting		period		304,855	842,887
Cash and cash equivalents		at the end	of
the reporting period				627,589	304,855

HE YEAR ENDED 3	HE YEAR ENDED 3	HE YEAR ENDED 3	1MARCH 2022	1MARCH 2022	1MARCH 2022
RECONCILIATION			OF NET INCOME TO NET CASH FLOW FROM			OPERATING ACTIVITIES
						2022 f	2021 f
Net income	for the	reporting			period (as per the Statement ofFinancial
Activities)						420,253	570,007
Adjustments	for:
Depreciation	charges					16,379	27,424
Gain on investments						(42,369)	(420,000)
Interest received						(64)	(370)
Interest paid						21,712	4,606
Decrease in	debtors						5,270
(Decrease)/increase		in creditors				(13,130)	14,712
Net cash provided		by	operations			402,781	201,649
ANALYSIS	OFCHANGES IN NET DEBT
					At 1.4.21	Cash llaw f	At 31.3.22
Net cash
Cash at bank	and in	hand			304,855	322,734	627,589
					304,855	322,734	627,589
Debt
Debts falling	due within			1 year	(39,116)	(85,799)	(124,915)
Debts falling	due aAer		I	year	(324,212)	(834,439)	(1,158,651)
					(363,328)	(920,238)	(1,283,566)
Total					(58,473)	(597,504)	(655,977)

NOT FOR	ES TO THE FINANCIAL STATEMEN THE YEAR ENDED 31MARCH 2022	ES TO THE FINANCIAL STATEMEN THE YEAR ENDED 31MARCH 2022	ES TO THE FINANCIAL STATEMEN THE YEAR ENDED 31MARCH 2022	ES TO THE FINANCIAL STATEMEN THE YEAR ENDED 31MARCH 2022	ES TO THE FINANCIAL STATEMEN THE YEAR ENDED 31MARCH 2022	TS -continued
2.	DONATIONS AND LEGACIES
								2022	2021
								8	8
	I)onations							559,497	331,638
3.	INVESTMENT INCOME
								2022f	2021
	Rents received							90,760	89,098
	Deposit account interest							64	370
								90,824	$9,468
	INCOME	FROM CHARITABLE ACTIVITIES
								2022	2021
					Activity
	Abishekam	&Archanai			Costs ofcharitable activity			(1,072)
	Miscelleous				Costs ofcharitable activity			1,072
	Abishekam	&Archanai			Income	from charitable	activity	493,663	298,354
	Flower &Garlands				Income	from charitable	activity	12,757	4,857
	Shri Kanagathurrkai Amman				Income	from charitable	activity	10,660	2,020
	Wedding				Income	from charitable	activity	60,650	15,810
	Serac donations				income	from charitable	activity	21,21$	9,244
	Gold &Silver pention				Income	from charitable	activity	243	927
	Miscelleous				income	from charitable	activity	4,281	3,962
	Calender, Panchankam, CD,Vid				ehtpome	from charitable	activity	10,752	11,412
	Lattu				Income	from charitable	activity	379	7
	Car park vouchers				Income	Rom charitable	activity	2,182	593
	Milk				Income	from charitable	activity	10,569	4,388
	Thadchanai				Income	from charitable	activity	19,296	3,530
	Other exeptional		income-
	VAT R				Income	from charitable	activity	14,059	65,250
								660,709	420,354
5.	RAISING	DONATIONS		AND LEGACIES
								2022	2021
	Staffcosts							26,273	34,656

6.	INVESTMENT MANAGEMENT	INVESTMENT MANAGEMENT	INVESTMENT MANAGEMENT	COSTS	COSTS
							2022f	2021f
	Administrative	expenses						4,925
	Property repairs						11,777	15,749
							11,777	20,674
7,	CHARITABLE ACTIVITIES COSTS
						Grant
						funding of
						activities	Support
					Direct	(see note	costs (see
					Costs	8)f	note 9) f.	Totals
	Costs ofcharitable		activity		300,949	152,262	441,885	895,096
Ik	GRANTS PAYABLE
							2022	2021f
	Costs ofcharitable		activity				152,262	194,931
	The total grants	paid to institutions		during	the year was as follows:
							2022	2021
	GENERAL,						152,262
9.	SUPPORT COSTS
								Information
						Managcmcnt f	Finance	technology f
	Costs ofcharitable		activity			270,214	45,981	10,399
					Human		Governance
					resources	Other	costs	Totals
							f.	f
	Costs ofcharitable		activity		5,430	97,561	12,300	441,885

STAFF COSTS
				2022f	2021
Wages and salaries				219,767	175,177
Social security costs				8,324	2,273
Other pension costs				1,879	1,518
				229,970	178,968
The average monthly number ofemployees			during the year was as follows:
				2022	2021
Number ofproduction	staff			13	18
No employees received	emoluments	in excess off60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
			f		f
INCOME AND ENDOWMENTS		FROM
Donations and legacies			258,131	73,507	331,638
Charitable activities
Income from charitable	activity		420,354		420,354
Investment income			89,46$		89,468
Total			767,953	73,507	$41,460
EXPENDITURE ON
Raising funds
Raising donations and	legacies		34,656		34,656
Investment management	costs		20,674		20,674
			55,330		55,330
Charitable activities
Costs ofcharitable activity			575,573	60,550	636,123
Total			630,903	60,550	691,453
Net gains on investments			420,000		420,000

12.	COMPARATIVES	FOR THE	FOR THE	STATEMENT	OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
						Unrestricted	Restricted	Total
						funds f	funds f	fundsf
	NET INCOME					557,050	12,957	570,007
	Transfers between	funds				32,05$	(32,058)
	Net movement in funds					589,10$	(19,101)	570,007
	RECONCILIATION		OF FUNDS
	Total funds brought	forward				3,768,148	313,715	4,081,863
	TOTAL FUNDS CARRIED FORWARD					4,357,256	294,614	4,651,870
13.	TANGIBLE FIXEDASSETS
							Fixtures
				Freehold	Short	Mediation	and
				property f	leasehold f	hallf	fittings f	Totals f
	COST
	At I April 2021			1,417,569	34,320	779,129	66,242	2,297,260
	Additions					978,636		978,636
	At 31 March 2022			1,417,569	34,320	1,757,765	66,242	3,275,$96
	DEPRECIATION
	At I April 2021			340,217			64,039	404,256
	Charge for year			14,176			2,202	16,378
	At 31 March 2022			354,393			66,241	420,634
	NET BOOK VALUE
	At 31 March 2022			1,063,176	34,320	1,757,765	1	2,855,262
	At 31 March 2021			1,077,352	34,320	779,129	2,203	1,893,004
14.	FIXEDASSET INVESTMENTS
								Unlisted
								investments
								f
	MARKET VALUE
	At I April 2021							566,303
	Revaluations							42,369
	At 31 March 2022							608,672
	NET BOOK VALUE
	At 31 March 2022							608,672
	At 31 March 2021							566,303

			2022	2021
			f
Bank	loans and overdrafts	(see note 18)	124,915	39,116
Trade	creditors		2,234	11,764
Other	creditors		3,600	7,200
			130.749	58,080

17,	CREDITORS: AMOUNTS		FAL	LING DUE A	FTER MORE	THAN ONE Y	EAR
							2022f	2021
	Bank loans (see note 18)						1,158,651	324,212
18.	LOANS
	An analysis ofthe maturity	of	loans is given below:
							2022	2021
								8
	Amounts falling due within	one year on demand:
	Bank loans						124,915	39,116
	Ainounts falling due between		two	and five years:
	Bank loans - 2-5 years						1,158,651	324,212
19.	MOVEMENT IN FUNDS
						Net	Transfers
						movement	between	At
					At 1.4.21	in funds f.	funds f	31.3,22
	Unrestricted funds
	General fund				4,357,256	479,102	235,765	5,072,123
	Restricted funds
	Donation				294,614	(58,$49)	(235,765)
	TOTAL FUNDS				4,651,870	420,253		5,072,123
	Net movement in funds, included			in the above are	as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended f	losses f	in funds
	Unrestricted funds
	General fund				1,311,030	(874,297)	42,369	479,102
	Restricted funds
	Donation					(58,849)		(5$,849)
	TOTAL FUNDS				1,311,030	(933,146)	42,369	420,253

				Net	Transfers
				movement	between	At
			At 1.4.20	in funds f	funds	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	(32,058)	294,614
TOTAL	FUNDS		4,081,863	570,007		4,65),870

			Incoming	Resources	Gains and	Movement
			resources	expended f	losses f	in funds
Unrestricted		funds
General	fund		767,953	(630,903)	420,000	557,050
Restricted		funds
Donation			73,507	(60,550)		12,957
TOTAL	FUNDS		841,460	(691,453)	420,000	570,007

				Nct	Transfers
				movement	between	At
			At 1.4.20	in funds	funds f	31.3.22 i
Unrestricted		funds
General	fund		3,768,148	1,036,152	267,823	5,072,123
Restricted funds
Donation			313,715	(45,892)	(267,823)
TOTAL	FUNDS		4,081,863	990,260		5,072,123

			Incoming	Resources	Gains and	Movement
			resources f	expended	losses f	in funds
Unrestricted		funds
General	fund		2,07$,9$3	(1,505,200)	462,369	1,036, )52
Restricted		funds
Donation			73,507	(119,399)		(45,$92)
TOTAL	FUNDS		2,152,490	(1,624,599)	462,369	990,260