2023-03-31-accounts - Shri Kanagathurkkai Amman (Hindu) Temple Trust

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-Dental Advice
-Dance class
-Pranayama sewing
-Medical advice
-General advocacy	work, Council and HMRC Queries
-Wellbcing classes
-Keep fit
-Yoga asans/classes
-Youth activities
-Tamil school
-Regular meditation	classes

FORTHEYEAREND	ED 31MARCH 202	3
					2023	2022
			Unrestricted	Restricted	Total	Total
		Notes	funds f	funds f.	funds f	fuadsf
INCOME AND ENDOWMENTS FROM
Donations and legacies		2	1,027,077		1,027,077	559,497
Charitable activities
Costs ofcharitable activity
Income &om charitable	activity		761,565		761,565	660,709
Investment income		3	81,624		81,624	90,824
Total			1,870366		1,870,266	1,311,030
EXPENDITURE ON
Raising funds
Raising donations and lcgacics		5	32,151		32,151	26,273
Investment management	costs	6	4,140		4,140	11,777
			36,291		36,291	38,050
Charitable activities		7
Costs ofcharitable activity			1,372,806		1,372,806	895,096
Total			1,409,097		1,409,097	933,146
Net gains on investmcnts			858,540		858,540	42,369
NET INCOME			1,319,709		1,319,709	420,253
RECONCILIATION	OFFUNDS
Total funds brought forward			5,072,123		5,072,123	4,651,870
TOTAL FUNDS CARRIED FORWARD			6,391,832		6,391,832	5,072,123

BALANCE SHEE 31MARCH 2023	T
									2023		2022
				Unrestricted			Restricted		Total		Total
					funds		funds		funds		funds
			Notes		f		f		f
FIXEDASSETS
Tangible assets			13		4,067,233				4,067,233		2,855,262
Investments
Investments			14		742337				742,237		608,672
Investment property			15		3,000,000				3,000,000		2370,000
					7,809,470				7,809,470		5,733,934
CURRENT ASSETS
Cash at bank and in hand					147,927				147,927		627,589
CREDITORS
Amounts falling due within onc year			16		(232,167)				(232,167)		(130,749)
NET CURRENT ASSETS					(84,240)				(84,240)		496,840
TOTAL ASSETS	LESSCURRENT
LIABILITIES					7,725,230				7,725,230		6,230,774
CREDITORS
Amounts falling due atter morc than one year			17	(1,333,398)					(1,333,398)		(1,158,651)
NET ASSETS					6,391,832				6,391,832		5,072,123
FUNDS			19
Unrestricted funds:
General fund									6,391,832		5,072,123
TOTAL FUNDS									6,391,832		5,072,123
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			Notes	2023f	2022
Cash flows from operating	activities
Cash generated &om operations			1	660,920	402,781
Interest paid				(63,129)	(21,712)
Net cash pmvided by operating activities				597,791	381,069
Cash Ilows from investing	activities
Purchase oftangible Gxed assets				(1388,961)	(978,636)
Purchase ofGxed asset invcstmcnts				(5,025)
Interest received				234
Net cash used in investing activities				(1,293,752)	(978,572)
Cash ilows from financing	activities
Ncw loans in year				300,000	1,000,000
Loan repayments in year				(83,701)	(79,763)
Net cash pmvuled by Gnancing activities				216,299	920,237
Change in cash aod cash	equivalents	in
the reporting period				(479,662)	322,734
Cash and cash equivalents	at the
beginning ofthe reporting	period			627,589	304,855
Cash and cash equivalents	at the end	of
the reporting period				147,927	627,589

TOTHE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023	TOTHE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023	TOTHE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023	TOTHE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023	TOTHE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023	TOTHE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023	TOTHE CASH FLOW STATEMENT HE YEAR ENDED 31MARCH 2023
RECONCILIATION OFNET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					2023	2022
					8
Net income	for the	reporting		period (as per the Statement ofFiaancial
Activities)					1,319,709	420,253
Adjustments	for:
Depreciation	charges				76,990	16,379
Gain on investments					(858,540)	(42,369)
Interest received					(234)	(64)
Interest paid					63,129	21,712
Increase/(decrease)		in creditors			59,866	(13,130)
Net cash provided		by operations			660,920	402,781
ANALYSIS	OFCHANGES IN NET DEBT
				At1.4.22	Cash llaw	At31923
				f		f
Nct cash
Cash at bank	and in	hand		627,589	(479,662)	147,927
				627,589	(479,662)	147,927
Debt
Debts falling	due within		1year	(124,915)	(41,552)	(166,467)
Debts falling	due after 1		year	(1,158,651)	(174,747)	(1,333,398)
				(1,283,566)	(216,299)	(1,499,865)
Total				(655,977)	(695,961)	(1,351,938)

2023f	2022
1,027,077	559,497

3.	INVESTMENT	I	NCOME
							2023 g	2022f
	Rents received						81,390	90,760
	Deposit account interest						234	64
							81,624	90,824
	INCOME FROM		CHARITABLE ACTIVITIES
							2023	2022
					Activity		8
	Abishekam &Archanai				Costs ofcharitable activity			(1,072)
	Miscclleous				Costs ofcharitable activity			1,072
	Abishekam &Archanai				Income &om charitable	activity	571,325	493,663
	Flower gt Garlands				Income &om charitable	activity	10,402	12,757
	Sbri Kanagathurrkai		Amman		Income &om charitable	activity	9,060	10,660
	Wedding				Income &om charitable	activity	41,700	60,650
	Serac donations				Income &om charitable	activity	28,005	21318
	Gold &Silver pention				Income &om charitable	activity	615	243
	Miscelleous				Income &om charitable	activity	2,162	4381
	Calcndcr, Panchankam, CD,etc				Income &om charitable	activity	15,261	10,752
	Lattu				Income &om charitable	activity	2,628	379
	Car park vouchcrs				Income &om charitable	activity	3,284	2,182
	lvlilk				Income &om charitable	activity	16,547	10,569
	Thadchanai				Income &om cbantable	activity	44309	19,296
	Other excptional	income-
	VAT R				Income &om charitable	activity		14,059
	Gold Coin				Income &om charitable	activity	16,367
							761,565	660,709
5.	RAISING DONATIONS			AND LEGACIES
							2023	2022f
	Staffcosts						32,151	26,273
6.	INVESTMENT	MANAGEMENT COSTS
							2023f	2022
							4,140	11,777

7.	CHARITABLE	~S C	OSTS
				Grant
				funding of
				activities	Support
			Direct	(seenote	costs (see
			Costs	8)f	ante 9) f	Totals
	Costs ofcharitable	activity	485,409	153,873	733,524	1,372,806
8.	GRANTS PAYABLE
					2023f	2022f
	Costs ofcharitable	activity			153,873	152,262
	The total grants paid to institutions		during the year was as follows:
					2023f	2022f
					153,873	152462
9.	SUPPORT COSTS
					Informatioa	Human
			Management	Finance 8	technology f	resources
	Costs ofcharitable	activity	422,591	89,160	11,880	5,769
					Governance
			Other	Other 2	costs	Totals
				f	f	f
	Costs ofcharitable	activity	172,230	15,994	15,900	733,524

No individual employee received emoluments ht excess off60000 during thc year during the year ended 31stmarch 2022.	No individual employee received emoluments ht excess off60000 during thc year during the year ended 31stmarch 2022.	ceded 31st ma	rch 2023 no
COMPARATIVES FORTHE STATEMENT OFFINANCIALA~S
	Unrestricted	Restricted	Total
	funds	funds	funds
		f.	f
INCOSIE AND ENDOWMENTS FROM
Donations and legacies	559,497		559,497
Charitable activities
Costs ofcharitable activity
Income from charitable activity	660,709		660,709
Investment income	90,824		90,824
Total	1,311,030		1,311,030
EXPENDITURE ON
Raising funds
Raising donations and legacies	26,273		26,273
lnvcstment management costs	11,777		11,777
	38,050		38,050
Charitable activities
Costs ofcharitable activity	836,247	58,849	895,096
rota	874397	58,849	933,146
Nct gains on investments	42,369		42,369
NET INCOME/(EXPENDITURE)	479,102	(58,849)	420253
Traasfers between funds	235,765	(235,765)
Net movement in funds	714,867	(294,614)	420,253
RECONCILIATION OFFUNDS
Total funds brought forward	4,357,256	294,614	4,651,870
TOTAL FUNDS CARRIED FORWARD	5,072,123		5,077,123

TANGIBLE FIXEDASSE	TS
				Fixtures
	Freehold	Short	Mediation	and
	property f	leasehold 8	hag g	fittings 8	Totals f
COST
At 1 April 2022	1,417,569	34,320	1,757,765	66,242	3,275,896
Additions			1,272,690	16,271	1388,961
At 31March 2023	1,417,569	34,320	3,030,455	82,513	4,564,857
DEPRECIATION
At I April 2022	354,393			66341	420,634
Charge for year	14,176		60,609	2,205	76,990
At 31March 2023	368,569		60,609	68,446	497,624
NET BOOKVALUE
At 31March 2023	1,049,000	34,320	2,969,846	14,067	4,067,233
At 31March 2022	1,063,176	34,320	1,757,765	1	2,855362

		Unlisted
		investments
MARKET VALUE
At 1 April 2022		608,672
Additions		5,025
Revaluations		128,540
At 31March 2023		742,237
NET BOOKVALUE
At 31March 2023		742,237
At 31March 2022		608,672
There werc no investment	assets outside the UK.
Cost or valuation at31March 2023 is rcpresentcd by:
		Unlisted
		investments
		f
Valuation in 2020		129,175
Valuation in 2022		42,369
Valuation in 2023		128,540
Cost		442,153

INVESTMENT PROPERTY
FAIRVALUE
At 1April 2022		2370,000
Revaluation		730,000
At 31March 2023		3,000,000
NET BOOKVALUE
At 31March 2023		3,000,000
At 31March 2022		2,270,000
Fair value at 31March 2023 is represented	by:	f
Valuation in 2020		(100,000)
Valuation in 2021		420,000
Valuation in 2023		730,000
Cost		1,950,000
		3,000,000
CREDITORS: AMOUNTS FALLING	DUE WITHIN ONE YEAR
	2023	2022f
Bank loans and ovcrdrails (see note 18)	166,467	124,915
Trade creditors	57,338	2334
Taxation and social security	4,762
Other creditors	3,600	3,600
	232,167	130,749
CREDITORS: AMOUNTS FALLING	DUE AFIERMORE THAN ONE YEAR
	2023	2022
	f
Bank loans (see note 18)	1,333,398	1,158,651
LOANS
An analysis ofthe maturity ofloans is given below:
	2023	2022
	f	f
Amounts falling duc within one year on demand:
Bank loans	166,467	124,915
Amounts falling due between two and gve years:
Bank loans - 2-5 years	1,333,398	1,158,651

MOVEMENT	IN FUNDS
							Net
							movemeat	At
						At1.422	in funds	31923
							8	f
Unrestricted	funds
General fund						5,072,123	1,319,709	6,391,832
TOTAL FUNDS						5,072,123	1,319,709	6,391,832
Net movement	in funds, included			in the above	are as follows:
					Incoming	Resources	Gains and	Movement
					fesollrces	ezpended f	losses	in funds f
Unrestricted	funds
General fund					1,870,266	(1,409,097)	858,540	1,319,709
TOTAL FUNDS					1,870,266	(1,409,097)	858,540	1,319,709
Comparatives	for movement		in	funds
						Net	Transfers
						movement	between	At
					At 1.421	in funds	funds	31322
					f.	g
Unrestricted	funds
General fund					4,357,256	479,102	235,765	5,072,123
Restricted funds
Donation					294,614	(58,849)	(235,765)
TOTAL FUNDS					4,651,870	420253		5,072,123
Comparative	net movement	in	funds, included		m thc above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	ezpended 8	losses f	in funds
Unrestricted	funds
General fund					1,311,030	(874,297)	42,369	479,102
Restricted funds
Donauon						(58,849)		(58,849)
TOTAL FUNDS					1,311,030	(933,146)	42,369	420253

A current	yea	r 12months and prior	year 12months combined posi	tion is as follows:
				Net	Transfers
				movemeat	between	At
			At1.4.21 f	in funds 8	funds	313.23 f
Unrestricted		funds
General	fund		4,357,256	1,798,811	235,765	6,391,832
Restricted funds
Donation			294,614	(58,849)	(235,765)
TOTAL	FUNDS		4,651,870	1,739,962		6,391,832

			Incoming	Resources	Gains and	Movement
			resources f	expended f	losses 8	in funds f
Unrestricted		funds
General	fund		3,181,296	(2383,394)	900,909	1,798,811
Restricted funds
Donation				(58,849)		(58,849)
TOTAL	FUNDS		3,181,296	(2,342,243)	900,909	1,739,962