REGISTERED CHARITY iYUIMBER: 1014409 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR EI%DED 31 MARCH 2024 FOR SHRI KANACATHURKKAI AMMAli (HINDU) TEMPLE TRUST ljuram & Compiin). Lid Chartcrcd Certified AccountanLI Staiulory AuditOTS 1st Floor 44 - 50 Thc Bn)DdiYay Souiholl MiddlLIcY UBI IQB
SHRI KAIIAGATHURKIKAJ AMhlAN (HINDU) TEMPLE TRUST CONTEThTS OF THE FII%AI%CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 PAge Report of¢he Trustees Report ofthe Indeptndent Audllor5 9 10 10 Slltement of Finlncial Activities Bthlnnce Sheet 12 Cash Flow Stalement 13 Notes lo the Cash Flow Siatomenl 14 l%otes to the Flnanelal 5talements IS to 24 Detalled Stalement of Flnxnelal Aellvltles 25 10 27
SHRI KANAGATHURKIKAI AMMAII (HIIIDU) TEMPLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR EliDED 31 IMARCH 2024 Thc Ist(C5 prc5cnt Ihcir rcport with thc finunciul s14lLmenLS of th¢ charilv for ihc ycur LndL'd 31 March 2024. The trustcL's havc adoptcd the provisions of ALCOUrtlin&y and Reporting by Churilics.. Staiemcrtt of Recommended Praciice opplicablc io cbaritse3 prcparing their UCL'oun15 in oLcordancL' with thL Finonciol Rcportins¥ Sthndard upplicablL in thc UK and Ropublir or Irelund (FRS 102) (elleciive l Jthnuiry 2019). OBJECTIVE5 AND ACTIVITIES Objectfves And almy Thc charity's objeolive$ ure sct Olkl in thL trusi decd ond Include the follo1n. - To promotc Flindu Faiih, ils doclrinc¥ its scripturcs llnd prtsciice14indu beliefs through MssLmbly, Ivorship ond discourse. -To eststhlish. muinloin ond monuge u Flindu Tcmplc und CulluTuI Ccnlrc for rcli8iOU5, social, wid culturnl aclivitses for thc Usc ol'thc public. Eslllblishmcnl of scporMtL, fund for the w¢ifare of nccdy chlldrcn in Sri l.onka ond Tamil Nadu who facinB immin¢nl 51arn'inB. dLprivalion and to Allcviotl th¢ir 5uif¢rin8$. Constitution umcndcd in Augusi 2000. -To unir facilities fur rcligiiius funetions und fi)r pcrlorn)inB reliBiOUS rites (Ds pcr l.lindu Faith) rLIDtLYl birth5. deaths and MIriAgeS for pcoplc ofY411 faiths. .To provide a meLbiing plllcL for l-lindus ld for others ivho are intLYLsi¢d in l.linduism. .To uilvun¥e Iradilional l.lindu cullurul aitivilics rcligiou5 sludiLs & perlomiinB ans. -To provid¥ IuLililics for ond arliv¢ly ¢Vryordinuio so¢illl corL, so¢illI intprnElion, fricndship llnd Boodivill amonB people in Ihc iwidcr cummuniiy. - To forn) a charithble ond educ&tional organizalion to promotc qocial, culiurdl, reli8iOUs principlcs and prnLtiLe. . Tv conduct educa(ional pro8rnms for children well ns odulis basL'd on l-lindu vuluL's ond 0dl(lon5. Th¢ Dims of the churity llfc set oul in the churity'5 deL'd of trust ond summuriyA'd below: To udvunce l.lindu flliih in locality orco for ihL' bLnLfit ofthL public Ihrou8h thL holdin8 ol. prdycr mc¢linBI, IL'¢lurcy, publi ¢Llebralion ofrLIi&ij()U5 lesiii'ols. To build und manllge D Flindu Tcmplc ond Culiural Ccntrc in Eulin8. To providL. fa¢ililics for rLliBious, social llnd culiurul tsetivitlLiS fur ihL use ofthc public ivith thL' ubJeLtl%'c of improving thL conditions of life for all rLsidLnls in Eulin8 und thc nLibhbourhood by Ihe provision, rnuinlcnanrc und nwia8cmcnl of u ommunilyl¢ulturnl ccnlcr. Publlc benellt Thc objects L)r thc TN51 include thL prornotion of ony chllrithblc purposC5 for the bcncfil of all rc5idL'nts in Ihc Borough or Ealing And any oiher cxclusivcly ¢harilublL' PUTPOSCS whiLh are in thc opinion of the Trusiccs bcnclicilll io the people8 of Ealing and ncighbourhood. Thc TTUSI offcrs lacilities for rL.ligious, soeial and culturul activiites lor the usc ofthc public and ror Ihousand5 of Hindu5 in th¢ rcgion in purticulur io thc5c who do noi h4vc uny SULh farilitiLs. Within o short PLYiod, thc Trust hlls ulrLiidy modL lis presencL fL.It within the wider communily in scvcrnl i%'uys. Thc Trustecs confirn that Ihe). have refL'rred to thL' guidunce conlllined in the Charii) Commission'5 gLcro1 guidDncc on puhlic bcnefit ¥vhcn rcviciving Ihc Aims and objcclivcs and in planning fuiurl JclivitlLS, Thc Tru51¢cs J15u confirm th¢il thci, huvL Ll)mplicd i%'ith ihcir duly Iv hgv¢ dui. rLBorJ lo IhL Churily Cvmmi55ivn's puhliL bLnLfit 8uidtsncc whLn L'XLfci5inB un>. poIN'er5 or duliLS lo Hthich IhL' 8uidllnce is FLlevwil. The chllrily ¢Jrri¢s oui a ividc range of uclii.'iiie5 in pursuuncL' of its Lhurilllblc uim5. The Tru51ces cun5ider thal thesL' acliviiies provide bencfil5 1)0th 10 th05c M'ho altcnd prayerlreligious evLnts and ihc i¥ider Lornmunity of Ealing. DLltniled infornioiion is proi'ided in thc Activilics and Achicvcmcnls. scciions in this Report aboui h()w ihc uclivitiLs uf thL' Trust furthcr supports ihc churily's purposL5 for public bencfil. l-hL iMmLlUle identifiable bcnefits arc us r()Ilows (l ) odds valuL Io Ihi)sc ii'hn rc&iil?rls' pJrticipJIL in 14e ii'nr8hip and nihcr i'i'cnli lif the charili llnd in Ihe ivider cnmmiinil! or raling nf thL 'rru#'5 i%ork-, ond (2} facilitie5 provided by ihL l-ru5t arc madc avoilublc lo Hindu5 and thc faiih of l.linduism is Lommunicaicd io non-klindus through 115 Ivork und thol uny mcmbLr of thc iwd¢r ¢ommuniiy of Ealin8 can bL'llLlit from thL' Trusts focilitics, and SOLial, Lulturnl, comrnunii} & churiwbl¢ aciiiijlji%. Po8¢ 1
SHRI KANAGATHURKlkAI AMII IA1% (HINDU) TEMPLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR Ei%DED 31 &MARCH 2024 OBJECTIVES AND ACTIVITIES Volun¢eers VolunlcLr5 arL' an import[1 and valuttblc rcsourcc in both our fuith und wmmunity iiDrk.. While the Tru5tLLS providL' OVLrull Icodcrship ond SlraiegiL lon8-tcrm ov¢rsiBh( for the Trusi. the day- -daY llctii'iiies ofthe I'rust are mainly manJBcd and run by M Icam uf cnthusiasiic volunw'Lrs who strongly bcliLvc In ihe causc and olTcr full support to thc Trust, Amman Hindu Tcmplc Trust is ivell kno11 in Ihe cnlirc wca fur ILS chiiriiablc Mvrk ond uciii'iliL'S and the Sength of ils volunteLrs. ThL'rc orc sc%crdl a5pcC(ttr5 iithich ore fLTlly supportcd by th¢ volunlccrs: -MembLrship -Wcbsilc. Soeilll ML1 ommunication -Publi¢ Rclolions -Linising 1th Locol GovLrnmcnt & otriLiols -ilhajans, sing¢rg, musicians, ¢quipmenl -Dai¥s, diuriLS. vLnucs -Sclting up venu¢ ILurin8 & clcwiing up thL N'Lnue ancr thc L'¥cnl -Scltin8 up PA syslLm & cquipmenl -ManaginB Park-ing -DLcoralion ofthc Ccntrc .Orgonizin8 pricsts ond eijordinlllion -Annathanarn mcals (IuB151iL5, cuokingi C(K)rdinuliun). l-he voluniLYrs nol onl>, support IhL a¢livitiLs uf th¥ Trusi bul urL' 4150 involvLd in 5imilur i'olunlilry Lr1¢rIbutionb in othcr Lommuniiy or8uniiJtion5 hnd the ividLr communily ill 8enL'rol. The Trust fornially rLcords its immcnsc 8Talitudc ond thunks io ull thc i'olun(LYrs lor dLvulinR thLir limc, clli)ns Jnd support for (h¢ a¢iivit1¢5 of thc Trust. ACHIEV£fvIENT AND PERFORIMANCE Charllable aetlvltl¢s Durins thL rcporting pcriod, thL Trust vr8uniz¢d rL'¥ulur proyers, reli8iuus, social ond Lommunily L'vents, Lon8rL'8Qtiuns ond Icstivols al its own prcmiscs as ivcll ag many fundrnisin8 an(1 charilabl¢ nLtivili¢5 and provid¢d fr¢c mellls io th ongr¢satiDn ul IL% ¢venls. Most of thcsc ¢v¢nts iverc ii'ell utlLndLd by PLoplc of ull within ike Trlinilu communily. All IhL' L'VL'nts orslllli7.cd by thc'fru51 orc frcc io aiicnd for ci'ery'onL. In addition to Ihc nomiul rcligiou5 and euliurlll llclivitics as per hindu ¢al¢nd¢r, oih¢r nDlcworthy ¢v¢nt5 held lli the lempl¢ during the year includc thc following. .On l o f¢bruwy 2023, Valthap0 thL pr¢d¢n1 event bL.fore c(>rnmissiDning dcitiL•s durin&Y KumbubisL,Kllm. .On I st Junc 2023. KumbubisL.kam, consLLYuiion ofdeiiies pcrfomicd cvery 12 ycars. -on 21 Jul!, 2023 AnnuJl Fesiival - I'.lll814uisiin8 DJ), -on 13 AuBU5I ?023 - CArl Fcstival Day .On 20 AUBUSI 2023, cclcbrntL CeSha Churth1, o pulr fom? of God Lweryonc worships. .On 8 SeplcmbL'r 2fl?.3 I sl Ap.nii'crsarn' r)r Qi'.¢cn5 dcatli lias hcld li I Ilic Icmrl¢ Iii¢11 li rL'cogllilion nfhcr Icngihy scr¥ icc% In IhL' Unill Kin8dom and OvLY5ea5. 'fhL e%'cn( oddrc5Kd by thL. IOLMI parliJmenwrians. counciloTS and committee mcmbcrs. frcL' mLo15 M'crc disiributLd to thL' public 05 on cxprL'SSion ofgraiiiudL'. l>aBL 2
SHRI KANAGATHURlklkAI AMMAli {HINDU) TEMPLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 -From 17th 25th OcknbLr 20?3, we celebrn1L Navthrntri, a celcbrJlion of goddessLS Dur84 Lokshmi ond Sarnswaihi, l¢malcs form of God, lor nine nighls. CclL'brotion in¥ludcd puja and bhujan (dcvoiional singing). .On 14th and 15th Novcmbcr 2023, il time lor our Di311 cclcbration5, kn]ch ivas vcry ditTiculi, ag Thc organizcd tradilionol Diwoli f¢siivilies very thrll n(t¢nd¢d by host ofdigniwrics ond d¢voi¢cs only. -A mcditation hall wa5 0150 built t() cxpond inlo thc following aclivitcs: - Dentul Advice DancL' ¢lllss - ljronayamu 5civing Medical udviLL -Gcncral udvocacy ¥)rk, Council And l.IMIiC Qucries WcllbLing cla55L Keep fil - Yogsl a5onulclu55e5 Youth uciivilies Tamil school Regular mcditniion clas8 Thg Tru51 has o siwiificani onlini. prcs¢nLC on ivobsiic& iynoil n¢%is1lQr und sociol mcdia likc FucLbook. Tiviltor and Wha15App. ThL I'rusl hos alsn L%LllblishL'd Lxcellent LmmUniL11n chonnels iyith thc locol govLYnmL'nl. prL'SS & mLYli4 ond charitoble 5¢&1or lo furthcr th¢ main objcclivcs Ms WLII us purn of widLY ¢ommunilv inlcgrolion. ThL' Trusl work¢d very hord in losl ycars and ha5 Icli nu 8lonL unlurnL in hi8hlighiin8 bringing atlLntion lo Ihc urBcnl nccd& of ihL vasl Flindu populoLion in thc rcgion. Thc folluiving uciivitiL'5 arc Lurrcnily bLinby runlplunnid.. -RL¥ulllr prnycrs -RcliBiOU5 cLrcmonics -RLIiBio1 fii¢s re1alL births. dcuth¥ marriagc5, Cle. .RL.ligious li%tivals -Nurralion of reliBiou5 5cripiurcs .l>rcrnu- Inspiration discourse by prominLnl spcak¢rs aLTOS8 thL ivorld -Rcsular %¥sion5 for lh¢ ¢ld¢rly pwplL -WLcklv Lldcrly L'lub -Monlhly lJdi¢5 ¢lub Thc Trust hus Bccomplishcd scvcrdl milL'Stoncs in ll short pcriod. Thc Trnst has a good vlsibilliy into thL. loclll communily und the Ill1 goi'LrnmL'nl. 'fhe'l'rus1 Iws nuiii Iruly beLornL? thL' fuLuI poinl nfLonlaLI i¥iihiiJ thL rLgiun for all mallcr5 relalcd lo thc l.lindu Iaith and population. In a(IditiL)n lo thc rL'Eulnr congrLgalion5, thL Trust has &lso orgonimj CL'lchrnlion or scvcrul l.lindu fL'slivuls and Imrtnt community LvL'nt5.1-hLrc is n hub?c dcmDnd for rcgular school vi5ilb from both 5Lh(w15 vithin and ou15ide Ihc DfLa M,hich lh¢ Tcmple h&% bcL'n ver), aclively hosting on a frcqucnt b&%is. In addiiion. Ihc Trusi also kLS hugc pridL in its proaLLivL' outreueh to thL other tcmples 10 promoic iniLgriltion. Po8L' 3
SHRI KAi%AGATHURKl&AI AMMAN (HII%DU) TEMPLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ,VIARCH 2024 FINACIAL REVIEW Filloncial p051tion Totol income for thL fAnanciAI yL'or ending 31 March 2024 is £1.919,139. 'fhc Incomc is mainly gcnernled by donution$ givgn lo thc TTus¢ by its mLmbcrs and IhL public, revenue from religious aciii'itie5. ThL Lipcnditurc lor thc sume period is £1,881.495. The mllin expLmditurc itcms include rcfurbishmeni and mainlcnancc. ulility charges. broadband chllr&es. insurance, bank fecs, •SIC collcclion, wcb51tc chargL% and for orgllnizing rcligious evL'nts, congrcgations, fc51ivnls, providing meals to thL cun8fLgalion. NeL income fi)r the period is £131,378. Thc Finuncial slul¢m¢ni for the )eJr 2024 is submiucd along with the Truslee Annunl Rcport. Reserves polley The Trust's policy 15 lo mainlain unrcstricled funds in thc forni or rrL'c rcsLYVCS, Ui a level Ihol Lquates til appmximlllely 12 months of opcrnlionul e.xpcnditurc, lo organizc rcgular L'vents/uctivitiC5 and to rui5L funds fpciliimle th¢ estsblishmenl of pernmncnt building or prcmiscs for Amman l.lindu Temple & Cultural CcntrL' ii'hich can bc used by communily.'l-hc balancL ()frcscrvLS Qt ihc cnd of 31 March 2024 is £6,5?3,21Q. Colng concern AIiLr rnaking opproprialL L'nquiries, thc Iru51cc5 hav¢ a rca50nablc cxpcclation th41 th¢ charily odequale resource5 10 continue in opcrulionol cxistcncc lor the foreseeablc fulurc. for this rLJson they havL conlinuLd io udopi thL' Boing concern ba515 conc¢pl In prcparing thL I]nanclol stutLmLints. STRUCTURE. GOVERNAN'CE AliD MANAGEMENT GovernlDe doeument Shri KDn8a Thurkkai ArnrnE Trusl 15 Lonslilulcd us a Chtwiublc OrBaniiJlion rcbiislLrL with thL. ChuriLy C¢Jmmission on 10th Augusi 1991 undcr ChaTily Number 1014409. 11 is L?ovcmLd by u ¢onsiilutionldL'LxI of trusl lust updulLd in Augusl 2000. provision for ovcr5L'Q5 churilv4blc llnd gTanl allocation, Amcndm¢nl ol. rol¢vani und e55enliftl cluu3C5, spcciol tlcnlion to mcmbcrship and LlecLion of ¢rusiLe5, currently under considerniion, will bL updhlcd on¥c approv¢d by the board oftruslLLS gLncrJl commit¢ and charity commission. Recrultment And gppointment oftru$lees Nin¢ (9) TrusiLiS re appoiniLd initijlly at ih¢ time of 5eiiinB up thL Tru51 in 1991. CurrLnily thLYL' arc fii'L (5) TN5tCC5. Appninlmenl of1'rustCL% wus m&)de tllking inlo considerJLion their individuals, 5kill&, LXPCrtisL', vllricly of biickBrounds, pasl c(>niribuiions, Lommilrn¢ni Jvailobilit) lo undertakc the Tru51'5 oclivilics und dutics. In 5clcciing nLM' truslLc4 wc 5cik io idcnlify pwple whu hllvc consisiently dLmonstrulLd strote¥ic IL'lldcrship, vision & fonvurd thinking. rcBularly contribuicd to thc objcLIivLS of ihc Trust, utlL'nd LvLnls and functions organiLcd by thL' charity and arL ivilling i'olunicer lo help in our broudcr cornmunity iiork- and miiin objcclivc5 ofcstoblishinB und manaBin8 thL. l-lindu T¢mplc und Cultural Cenire in Ealing Wl 3. Neiy trustCL's bc appointcd by clcction only aftcr thcy havL su£88fullY dLY)n5al thLir cliBibilily, personal compLlcnLL', conlribuliuny, Lommilmcnl, uvuilubililyi SPL'ciulisi knoivlLdgL und skills Over a pLriod. Appointmcnl I11 b¢ confirniLd oncl Scclion S, rL'fcrL'wc lo an ¢lgclion of trust¢ in IhL' consiilution is umcndLd. Pa8L 4
SHRI KANAGATHURKKAI AMMAI% (HIIYDU) TEMPLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE, GOVERNAJYCE A]%D MANAGEMENT OrgAnlsatlollal structure Thc Charily Tslee5 are rLYpon5ible for the general control and governance of thc Charity. Da>-l04ay monogemLnl is L'arried uul by an clcclcd Cxcculiie Cummittee. ThL' Tru51eL'S and Executive Commitlec mcrnbcrs Sil'e their limc, ski115 and scrvices Ircclv ond reccivc no rcmunernlion or finonciol bcnefits. Thc Truslec5 llnd Execulivc CommittcL' mect a5 o body on o re8ular basis und orc rLK)nsIble for all dLrision5 tnken in rclation to running thL Trust and thc communily facililics and llclivitics pmvidcd by thc charity. Thc abovL proccdurc is not followcd in oil in51ances Trnd 15 a common i55uc thut chority facc, Ir propcr proccdurLS oren'l implcmenied, the wholc organi7Alion sulTL'rs. To solvc this prublcm, trustccs focus on moking such procedures lttivfull), llnd prvpcrly written Und providgd lo juinl Lommillec mCMbc for cnforcLmcnl and uccounthbilily. By Lloin&T 50: incrLwc in complianee llnd rcduced em)rs pnd miswkes wc likL.ly and is for thc besi InreSI of the ¢hllriLy, comply with chprit), commission due diligcnce 8uid&nec and rcgulaiory control. Whenever the Board ofTruslees havL' retL8on io believe and nre Ylllisficd thllt the stsb seeiion (i) ofihis sub ellluse havc been infringed ivith thL'y by A rnujorily oftMD third5 ori15 mcmbcr5 tukc ovL'r thc QLlmini5trulion ofthc trust in (hciT oiKI hunds nd shall make DrranBemenls io run the srrne illl such time o Neiv [Lul1Ve Committee is lelLCted as per clnuse 6. Indu¢tion oud trnininE of new ¢rust¢e5 rolloivin8 llppuinlmcnt, nLiV Trnsiees ure introducLQ lo thcir role. IhL' goieming documcnl oims of thc Trusl. policies of th¢ churity. and th¢ guidan from Charity Commisslon on churlliLS ond publie bcnlfil. Thi.5 cn.iures thac the ne, Trnslccs arc uwarL' of the scopc of their rLwnsibiliiiLS undLr thL' ChariliLS ALI. All TrusiLes are 8iven induclion lrnininB. The I'ruslecs arl also cn¢ourngcd io undLrtaki' othLr Irainink> suLh as Llasic firsl Aid Training. Key mAn8gemenl rtmunerntlon All Tru51L'L'5 BIVC their time freL'ly and no TrustL'c r¢¢¢iv¥d rcmuniyalion or n¢t115. from the Chllrity during thc >Lar. No expenses iverL' cluimed by thL TrustLe5 from the Churily. In thL' TrustL'L'5' opiniun , the kLy munllgL'mL'nt PLrsonnLI L)r Ihe Charily rL'SP(InsiblL lor ihL dirLclion , CL)ntrol, runninB and opLrntion ofthc Churily on o dlly-t(daY bosis consists of the Board ofTrustCLS. Helllili and safety Pollcy 'rhe TrusieL'3 and ihc MunagemLFni Commliicc arL ivholl). dcdicatcd to eonducling the OPLiraiion$ and MCiiviLics In the Trust in o mannL'r thut Lll5urcs Ihe l.Icalth &. Safety and Wcifarc of all uscr5, cmploycLS, tmd voluntLcfs Iiorking in thc prcmisC5. I'his l.Iculth and Safcly Policy und proccdurcs dL)Lumcnl has bL'cn ivritten io providL o clcar sllllemLnL of inlcnl iviih respcct to heulth und 5ufLy. During cart fL'Stlvul, healih bL'llefs ond i'uluL's vory bL'li¥ecn culturcs and indivlduals ivlthin culiural groups. CuliurL'. 5piriluJlily. and religion ll15o mLJn dIffL.nI things. IL) dini'rcnl pcuplc and JrL eAprcssLYI in variLd i%-d) 5 LSPLcially during religious fe51ivals lo ollevilllL' thL physiclll men] lonB-term illncs& mnriial dnd economie issuLs. All these fllctors urc ¢on5idLrgd on risk &55e551llLlll or lh¢ evcnL 5ofcty m&nu8cmcnl UPPTouLh, training and up5killiD¥ kly individuals und bringing in centrali£cd evcnl control.
SHRI IkANAGATHURIKl&AI AML%IAi% (HINDU) TEMPLE TRUST REPORT OF THE TRUSTEES FOR THE YEAR EliDED 31 MARCH 2024 STRUCTURE, GOVERNAliCE AF4D MANACEIVIEIYT Risk management The Trustces regularl> thc risks thc Lharily fucc5, thc naLurc of th05C ri5k5. lh¢ likelihood of the risk5 occurrin& and m¢4sur¢5 thken to manogL thLm. Thc TnlLe5 5atisficil thut SySlcmsl?rran8ements Jre in ploLL lo managL thc risks ideniificd. ThL irustLY5 nlsu havc thc Tcspoll5ibility of cnsurin8 eflcciivL' Systems of iniL'mol conlrol in plucc lu manugc thL charitics major risk and support ihL' nchicvcmcnl ofstrulLgic obj4Yliv¢s. FundrglslnE The moin fundrnising uctivilic5 ofthc charily during Ihc ycur rvnsist uf thL TC¢L'iPt ofvulunlur), donulions from mcmbcrs and thL receipl of donation5 from rcliBiOUS funciions 8nd 8otherinBs. Throush the fundraising clToTLs ofour SlatT, volunicers und supponcrs WL arc gcncrating thc financial rcsourcL'S to cnoble us w providc our TV1¢L. WL hui'L o ividc portfolio or rundraisinB uciivilies io BcncrAic volunlury donation5 luivords ihc 5CTViCCS wc proi'idc. The Trusiecs arL. deeply commiticd lo building r¢laiionships ond Irusl iiiih our supportcts and arc commillcd lo thc Slr¢nb7th¢ninB ol. oN'cr5ishl und ussur(mCL' concL'rnin8 our fundrai5ins pro8rammcs and in ensuring cornpli#nLe tsnd best prncliLCS in thcs¢ W¢ wc particulorl), uivjrc ofthc nLcd to prolL•Ct vulncrnblL' individuuls in w)y fundrnising wc undernik'c. WL continue lo be commiiicd to uddrc5sing nny ¢XPfL'ssion ofdiyslliisfllciion on thc pr ofour supportLY5 und to cxllminin ways io improvc thi. I¢vL15 olour $crviL'LS lo them. REFERENCE AND ADMIliISTRATIVE DETAILS Rtglstered Charliy number 1014409 Prlnelpol Mddre$J S Chapel Roud London W139AE Trustees T ThevornnjL Chairmun Dr V Puramu1han SLYrclUry S Abayulingum Tru5K'c S Sri R8 TrusteL' Dr A Thcyasagayam Truslc T JoBanathJn Audltors Parum & Company L Chartcrcd Ccrtilied Accountants Sluiulory Auditor5 1511".loor 44 - SQ Thc L4ro.adiiil)' Southoll MiddlesL.% UBI IQB 1*¥6
TRUST REPORT OF ThETRusfEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCEAND ADMINISTRATIVEDETAILS Mr T Josllnathan Mrs S KaneshArniAh Mr S Karnnalingam Mt5 S Sundarn]inEam Mr S RRgunathan S JcyAm Mr P KanNpathipillaS . Chairnian - Vice ChairniBn . Secrelary Joint Secrct2ry - TreLsurer - K8sislant Treasutrr Elecled Commitlee member Bankers Uoyd5 B&rclAys Bjnk Pl Sollcltor: Mr R D Rathosingham Krish ratna & co soliciloTS 61A12 King StreeL Southall Middles¢x, UB2 4DQ Mr Amirthan RRjakniar A¢¢ountant: Kandioh Ravishangar Sui1¢ 14, 118, St Margaretes Road, Twickcnhllm, En8land, TWI 2AA STATEMENTOF TRusfEES' RESPONSIBILITIES The trustees are responsible for prcpArinE the Report of the TNstees and the financial statements in accordance with pplicable law and United Kingdom Accounting StAndarth (United Kingdom Generally Accepted Accounting PTactice). The law applicable to charities in England and Wale5. thc Charities Act 2011, Charity (Ac¢ounts and Reports) Regulations 2008 and thc prnvisions of the InLS( dccd Tcquirrs thc trustees lo prepare financial statemcnts for each financial ycar which give a true and fair vi¢w of thc state of affairs of th¢ ¢harity and of the incoming resou¢$ and application of resources. including th¢ income and expenditu of the chlty for that period. In preporing those financial statcrncnts, thc truslccs are requir¢d to Select suitable accounting policies ftnd then applythcm cotL4isfrnlly, observe the methods and principles in the Charity SORP. make judgcmcnts and estimatLq thal are reasonable and ptudcnl State whether applicable accounting sthndards have bccn followd, subject to any mAterial departures disclosed and explained in the financial stalements; prepare the financial statemenls on th¢ going concern basis unlc5S It is inappropriate to presumc thAt the charity will continuc in busines5. Pasc 7
SHRI ILINAGATHURKKU AMMAN (HINDiry TEMPLE TRU REPORT OF THE TRuEEs FOR THE YEAR ENDED31 MARCH 2024 STATEMEIYT OF TRUSTEES, RESPONSIBILITIES- conthimed The tsILStees are responsible for keeping proper accounting records which disclose with nabIC accuTacy at any ¢ime the financial position of the charity and to cnable them to ensure that th¢ financi statements comply with the Chp4rities Act 2011, the Charity (Accounts ond Repons) Regulalions 2008 and the provisions of thc trust dccd. They are also responsiblc ror safeguarding the assets of the charity and hence for tsking Teasonable steps for the prevention and dctcction of ud and othcr irregularities. Approved by order of the boanl oftNstees on.... . And signcd on its behalf by. S Ablynlin Page 8
REPORT OF THE INDEPEYDEh'T AUDITORS TO THE TRUSTEES OF SHRI KANAGATHURKl&AI AMI¥IA]% (HINDU) TEMPLE TRUST Oplnlon We hai'e lludited the finunciol StsicmLY)ts of si.IRI KANAGATHURKKAI AMMAN (FAINDU) TEMPLE TRUST (the 'chllritv') for thc yLar cndcd 31 imarch 2024 which Lompri5C thc Stulcmcnl uf Financiol AclivitiC5, thc BalanLC 5hcc4 the Cush Floiv Sl¢M¢nI and noles to ihL. finwicial 5talcrncnts. includin8 11 summary ol. significani Jccounling pulicics. ThL rinanciol rqjorting frameivork Ihllt been llppliLd in thL'ir preparaliun is applicoblc loiv and Unitcd Kingdom Accouniing Standard5 IUnilLd Kingdum Cicncrnlly AccLplcd Accounting Practicc). In our opinion thc financiol sloicments., Sll'¢ 11 Irug and fuir viEiv ol. thc 5th1c ol. thc rharily's aftiiirs as ai 31 Mah 2024 and ol. its inwming OUrCeS and application ofresources, for Ihe Ye then ended. have been prop¥rly prcpar¢d in acroTdun¢c wiih UnilL.d Kin&dom Ci¢nL'rally Acc¢piid A¢counling Prnclice; and huvL beLn prepared in uccordllnce ivith thL requirLYnents ofthe ChariiiLS Act 2011. Bus15 for oplnlon We conduLILYI OLtr audit in UCLordunce with lftlL'rnoiional Stondards on Auditin8 (UK) (ISA5 (UK)) and applicablc law. Our r¢sponsibilili¢s under th05c siandards orc further d¢s¢rib¢d in thc Audiiors, r¢sponsibiliti¢s for lh¢ oudil of ihe fJnon¢iol SlaiemenL4 SL'Clion of our rL'Wlrt. WL UT¢ 1ndepLdL.nt ol. th¢ churily in accordonec ivith IhL' ethicol requirLmLnts thot ure relevanl lo our dudit of the linllncilll slolcments in the UK, including IhL FRC'S Ethical Stslndord, and iyc hnvc fuifillcd our othrr Llhicul roswnsibiliii¢S in aiiorduncg ¥i'ith th rquir¥mcnis. W¢ biliiw¢ thtlt thc Judil ¢vid¥ncL we hllve obwined is SU1cLcnL and approprilllc to pro¥ ide u basis for our opinion. Contluslons relatlng to golnE concern In auditing the finnnciol sIAlcments, hoi'c concludc(l thol Ihg trustccs, us¢ of Ih¥' going concLrn basis of uccounting in lh¢ preparalion of the financial Swicments is approprialc. BfjsLd on the work w¢ havL r10M)ed, wc haN'¢ noi idcnlifiLYI llny maleriul urtcertaintics relaling lo ¢vL'nts or Conditions Ihnl individuall) or CDlleclivLly, muy cast Si8nificunt dnubi on ihc churily's ability to coniinuc as o BoinB conccrn f(Ir a period or at IL'USI t¥YL.li'c rnonths from ivhcn thc finunciul sILL.nts arc uuthL)riscd lor issue. Our rc5pon5ibilitiL'5 Hnd ihc rL'5ponsibiliiics ol. thc tru5lcc5 iiith rcspLCi tv Boing LonLCrn arc dcscribLd in thc relevani SLiCtions ofthis report. Other Inform8tlDn ThL' IruslLc5 arL' rosponslblL l()r thLI ()ther Inlorniatiun. ThL othcr Infomiaiion ¢omprisLs thL' Inforniallon included In the Annual R¢poN oihL'r thun thc linoncial slMen15 and uur Rcport ofthc IndLyondgni AudilL)rs thL'rLxin, Our opinion on Ihe financi1 51ulcm¢nts does not cover Ihc oiher infomialion and, exccpt ts) the Lltenl oihcrwiqe L'¥pliciily silltcd in our repoo ill. do not express Dny form ol. assurtfftce conclusion therLon. In conncclion wilh our otsdil of thL. finllneiol stulL'menls. i)ur rL)nsibilItY is lo read thL other inforniuiion und, in doin8 SO, considLr i¥hcthL'r thL othcr infomwlion is mulLYiully inconsislcnl wilh thi finunciul siatemLmts or our kno¥YlLdg¥ obtoin¢J in thc audil or otheNisL appears trj be molLriollJ mi5slJtLTrd. Ir lic idcntif). such malcrial inconsistcnciL'5 or apparcnt malcriul misstalLYncnts, WL. arc required io dcterniine whcihcr this Bii'cs risc lu u material mi5Sllltcment in ihc financiol sthtcmcnl5 IhL'm5elve5. 11., basid on thL ivork i¥'L' have PLrliirn]L'd, IVL concludL Ihui thL'fL' 15 u muleriul mi551uicmLnt uf this othcr infomiutiun. li'e urc rc4uircd tu rcport thut fucl. We havc nothinB to rcport in this regard. Matters on whlcb we Are requlred to report by exceptlon IA'L havc nothing io report in respLll of thc fulloi¥ing mnltcrs Whe thc ChDritics (Accounts und Rcports,) Rcgulutiuns 2008 rcquires U5 lo report lo you if, in our opinion: the informlliion gii'en in the RLPOrt ofihL TriislLe4 li incnnsis1eI li ani, niiltLYittI respLbei H'iih Ihc financiiil sliTrLemcnis: Dr suificient accounting records havc noi bcL'n kcpi. or thc financial slatgmcnts orL' nol in a8fL'cmLnt wilh thL' accouniing (OrdS and rctllrns- or IVL. hove not rL'LlVed all the infomwtson and Lxplanalions ive rL'quifL' lor our uudil. 1>4¥c 9
REPORT OF THE IL%DEPENDENT AUDITORS TO THE TRUSTEES OF SHRI KANAGATHURKKAI AMNIAN (HINDU) TEMPLE TRUST Responslbllltles oftrustees As cAplaincd rnore fully in thL SlemenC ofTru5tCe5' RL'spon5ibilities, the irusi¢cs arc rc5pvn5ibl¢ for th¢ prop4rn1ion of th¢ rinan¢ial sthtLmenL% which gil'c ll truL [d f4ir vithv. and lor such iniemul con01 tts the truStL'S deierniine is necesstry to enablc thL prL'paMlion ol finan¥ial stalemenis that arc frL¢ from malcriol misslotemeni, wl)eth¢r du¢ lo frJud or COr. In prL'parin& thL' financial SiotcmLM. the ITUSICL'S ore rcsponsible for issessing the charity's nbilily lo conlinue as a going conccrn, disLlosing, os applicable, mattcr5 rclglcd to going concem and using thL going concern basis of uccounling unlL55 the trus¢eLS ¢ithcr inlcnd io liquiduiLb the chorily or io ccase opcrntions, or huve no rcalistic lllicrnalive but do 50. Our rtSP01151blllti¢s for ihe 4udlt of th¢ finyD¢lal stotem¢nts We havL bL'en oppoinlcd as auditors under SLcti()n 144 of the chllr1tiL Aci 2011 llnd rcport in DccordanLC with thc Acl ond rL'lcvant rcgulalii)ns madc or having ctfcci ihercundcr. Our objcclivcs arc io obthin rLInAbLL assurdncc aboul ivhcther thc financial slntL'mcniS DS u ivhole urL. frLC frnm material miss4ML'nt, whcthcr duc lo fraud or crror, and to i55uc & Rcport of thc Indcpcndcnl Audiior5 thot includc5 our opinion. RcdsonablL' assurancc is o high ILVLI of SUranc, bul 15 not a BuaranieL' Ihut un oudil conduciL.d in uc¢orduncc 7th ISA5 (UK) Ivill BlivJJ's dclcct a motcrial missilllcmcnt ivhcn it cxists. MisslalcmLnlS Lun urisl from frnud or Lrror ond ore considL'rcd material if, individually or in thL' UBBregulc. thLy could rca50n&bly bc cxpcclcd to influLnrc th¢ cconomi decisions of users takcn on ihe ba.qis ofthLsc fine11 stsLcmenLS. ThL ¢.¥lcnt io hILh our prOc¢du nrL' rapublc uf dclc¢iing irrcgularilics, including frnud is detsilLd below: A furthLY dcsLriPtion of our responsibililics for Ihc audii of ihc linllncilll sl&tomenL8 is locllled ort thL' l-.inancial Reportin8 Ci)uncil's wcbsii¢ ai www.frc.uru.ukJaudiwisrL'Spunsibiliii1s. This dL%¢ription roms pon of our RcrM)rt ol. th¢ IndLp¥nd¢nl Audiiurs. Ust ofour report This report Is madL 501Lly lo Ihc charily's IruslcL'$, a5 ll body. in accordnnL With Purt 4 of thL ChnritiLs (Accounts and RLpofL8) Re8ulJtions 2008. Our uudii MDrk has been undcrtakcn so thoi WL. mighi siulLI (o thL' churily's truslLCS ihosL' maltcr5 vc requid lo slalL lo them in wi Ludilurs, rLPOrt ond for no othL'r purp05c.'fo thL fuIlLl &xtL•ni pcnnitlcd by law, IVL dv nol QLccpI or &8sume rcsponsibiliiy lo an)onL L)ihLr thun the Lhority und the Lhurily's IruslLL'5 as u body for our uudit work, ror thi5 report, or for thc opiniot)8 ivL. havL fomL.d. Parum & Company l.td ChDrtcrcd Ccrtilicd A¢wuntunts Siniuts)ry Auditors Isi floor 44 - 50 ThL' Broadii'ay Southall ,MiddlL'5L'X UBI IQB Dalc: ...... PUBL 10
SHRI KANAGATHURKKAI AMMAN (HINDU)TEMPLE TRUST STATEMEIYTOF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 2014 Tot41 fundi 2013 Totsl funds Unre5trlcted funds Restrleted nds NotQ8 INCOME AND ENDOWMEIYTS FROM Donations Dnd Icgaci¢s 950,8 950,008 1,027,077 Charltable actlvlt Incorne from charitable activity 875,660 875.660 761,565 Invc51mcnl incomc 93.471 81,624 TotAI .919.139 1,919.139 1,870,266 EXPENDITURE ON RAl8lnE fundi Raising donlllionq Dnd legacies Inv&stment manauement coAs 32.805 8,525 32,805 8.525 32.151 4.140 41,330 41.330 36,291 Charltabl¢ o¢llvltles CosLs of charilable activity Support cos15 982,810 857J55 981810 857,353 1,372,806 TotAI 1,881,495 1,881,495 1,409,097 Nel gains on inv¢stm¢nls 93,734 93.734 858,540 IYET INCOME 131,378 131.378 1.319,709 RECONCILIATION OF FUNDS Tolal funds broughi forward 6,391,1132 0,391,832 5,071123 TOTAL FUNDS CARRIEU FORWARD 6,523,210 6.523.210 6.391.832 The noles form part of ihese financial stalements Pa¥c 11
SHRI KANAGATHURKKAI AiIIMAN (HINDU)TEMPLE TRUST BALANCESHEET 31 MARCH 2024 2024 Total fund5 2t) Tothl fund5 Unrestrf¢ttd nd$ RHtrl¢l4d funds Not FIXED ASSETS Tangible L4scls Inve5tmcnts Invcslmenis Inveslmeni propeny 13 4,027.408 4,027,408 4.067,?J3 14 15 525.362 3,000.000 525,362 3.iJXI.000 742,237 3.IXM),O(K) 7.55? 770 7,55ry,770 7,809,470 CURRENT ASSETS Cash 41 bank and in hand 450,795 450.795 147,927 CREDITORS AinounLs fnlling due wlthin one ytrJr 16 (133,765) (133,765 (232,167) NETCURRENT ASSETS 317.030 317,030 (84240) TOTAL ASSETS LESSCURRENT LIABILITIES 7.869,8(N) 7.869,800 7,725.230 CREDITORS Amounts fallinK4Jue after morc than onc y 17 (1,346,590) (1,346,590) (l J33 J98) NET ASSETS 6,523,210 6,523.210 6,391,832 FUNDS Unrestric¢ed funds: Gvneral fund 19 0,523.210 6Jg1,832 TOTAL FUNDS 6,523,210 6.391.832 The financial 51alcJnent¥ were approved by the Board of Truste&% and auihoriyed for issue on and were signed on its behalf by: '"•T TJO
than -Chairn?an
The noles form part of these financial staleinenis Page l?
SHRI KANAGATHURKAKAI A.ML¥IAN (HINDU) TEMPLE TRUST CASH FLOW STATEMENT FOR THE YEAR EfDED 31 IMARCH 2024 2024 2023 ,Yote5 Cash nows from operAtlThg #¢tlvlllts Cash gLnLYaicd Irom opcralion5 Intcrcst paid 215,476 (108,535) 660.920 (63,129) Ncl cash proi'idcd b>. opcrnting Uclivities 106,941 $97.791 Cash flows from Investing ictivities Purchase of tsnBiblL fi.xcd u55ets PurchasL' or rixcd assct invcsimcnls SalL of fixLYl asscl invcslmcnts InlLre5l rLceii'Ld (39,2111) (1,288.961) {5,0?5) 3 ID,609 1,174 234 Ncl cash providcd byllu5cd in) invc51ing a¢iivitiLS 272,565 11 ?93,752) Cash nows from Ilnan¢lng octlvltle5 NLIV loan5 in ycar Loan rLpayrnLnls in ycar 300.000 (83,701) (76,6381 Ncl cush (used inYprovidL¥I by financins aLlivilics (76,638) 216.299 Challge In cRsh ind cylsh equivNlents In the reportlng p¢rlod Csh Mnd efish tqulvalents at the beglnnln2 of the reportlng perlod 302.868 (479,662) 147,927 627,589 C•$b and ea5b equlvlllents at the end of the reportlng perlod 450,795 147,927 Thc notes fom) part of thL'SL financiDI statcmLnls Pu8e 13
SHRI KANL AGATHURKkAI AMTrIAi% {HINDU) TEMPLE TRUST NOTE5 TO THE CASH FLOW 5TATEMEI%T FOR THE YEAR El*DED JI MARCH 2024 RECONCILIATION OF Tr•ET INCOME TO NET CASH FLOW FROTrI l OPERATING ACTIVJTIES 2024 2023 N¢1 Income for the reportinE ptrlod (As per the Statement of Fln#nclAI Aetlvltles) Adjustments lor; DeprLcialion chur8es Gain on invcstsncn nlcrc5l rcccivLYl InlerL'Si puid (Dccrc45cyincrL'asc in crcdilors 131,378 1,319,709 79.043 193,734) (1.174) 108,535 (8.572) 76.99U (858,540) (234) 63,129 59,1166 Net tAsh provlded by operatlons 215,476 660,920 AIIALYSIS OF CHAiIGES IN IIET DEBT At 1.4.23 Cash now At 31.3.24 Net r4$h Cath ai bank und in hund 147,927 302,1168 450,795 147.927 302.868 450,795 Debt Dcb15 fallin8 due within l year Dcbls falling duL ollLY l yL'ar (166,467) (1,333.398) 119,830 (13.1921 (76,637) 11.346,5901 (1,499,86J) 76,631 {1,423,227) Total 11,351,938) 379,506 (972.432) Thc noics form pon ofthcs¢ financilll stalcments PagL'14
SHRI KANAGATHURKlkAI AMTrIAI% (HINDU) TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUliTING POLICIES Bgsls ofpreparing Ihe nnanclal statement5 Th¢ linancial slulcmcnl$ of thc churily iyhich 15 il public bcncfit Lnlily undcr FRS 102, havc bL'L'n prcpared in aeeordance ivith ihc Charilics SORP (FRS 102) 'ALcounlins llnd Rcportin8 by Charitics: Sthicrncnt or Rccommended PrnciicL opplicablc Lo chorilic5 prcparing their accounts in accorduncc with the financiul Rcporting Stundord opplicablc in Ihe UK and Republic of Irclund IfRS 102) (ctTLYtivL l Junuury 2019),, Financial Rcportins Siundard 102 Th¢ Financiul Reporting Siundurd upplicablc in the UK and Republic of Ircland, and the Charitics Act 2011. Thc financial 5tulcmcn15 havL bcLn prcpuTcd under ihc hi51orical cost conN'cntion, Iviih the Lxccption or invLSLmenLS which we included ai murkcl volue. us mudifiL'd by the rL'valuttiion of ccrtsiin J$5Lts. Thc finuncial >+lMtem¢nlS huic bccn pr¥pard on u Boing ¢on¢4m basis undcr th¢ histurifiil cosl wnvL'nlion und orc prcparcd in sierlin& whiLh is Ihc funciional currLncy of thc Charit}'. Moncwy omounts in thcsc linanciol s¢atcmen15 ar¢ rounded lo the nearcsl £1. Golni Coneern ThL' finaMLioI slotemcnL% huvc bL'en prepared on a Boing concL'm basis os thc Irusiecs bL.lievc thal no muieriul unc¢rtoinlies cxisl. The trUS'c5 hai'c considcrcd the ICYL'I or rut)ds held ond Ihc cxpccicd ILvcl of incomL' and L'xpendilure for l? months from lluthurizing thLse finanLiuI $IL'Ment. ThL' LXPLYILd ILVLI incomL' ond expcndilurL i sU1¢icnI ivilh thi ILvcl ofrcservLs for thc chariiy io bc able continuL Boinu conccrn. Crltlell #ccountlllg Judgtmellts key sourets of tstlmatlDll untortAlnt> In thc applicalion ol. thL chority UL¢ounlin8 px)liciLs, Ihi Iruslccs orc riyuirLd 10 mokL judgLmLmls, L'slimati% and assumptions uboul Ihe Cllrrying omounl of aSSL.15 llnd liabililiLS thal lye nal rLdilv llppurent from (Iihcr sources. the eslimolcs und USSOLldl¢d os5umplion8 orL basLd on hi51uri¢al ¢¥p¢ricn¢cs and othlr fugiors thal urc ¢onsidL'rL'd lo bL rclevonl. Aciual r¢su115 muy di17¢r from the5L' eslimjies. ThL e5timulLS und und¢rlyinu lls3umption5 ufL f¢viLivcd on un on&?oing basi5. R¢viJion5 lo oc¢ounling cslimot¢s urL' recob?llisL.d in lhe period in which thL' L(IMte i5 revisLd ivhLYL thL revision alTLcls only thot PLriod or in ihL' PLriod ofihL' fL*isiun and futurc period$ ivherL' ¢h¥ rLvi5ion lllTLLts both LurrLnl and fulurc PLriods. Thc folloiving is a kcy 50ufcL ofeslimalion uncertllinty. xpcnditurc allocalion: cypcndilurc 15 apportioned where il rCIal lo mor¢ th one co.lt calL80ry. Incomt All inLomc is rccow15L in thL Sement of Finuncial Aclivilics uncc the Lhority ho5 cntitlemcnt to thL funds. it is probabl¢ that the inLomL i¥ill be rcLcivLd 4md thL urnoun¢ L'an bc mra5ur¢d rLllably. I".()r donoiions i() bL' rL'CUBnised the chority will havc tK'cn nolifiLd ofihL' atTh)unL% and thL s¢iilemcnts dale in Myiting. Ir IhLrc Jre Londilivns 4lluihcd tu ihc donulion und Ihi% rcquirL5 u levLI Dr p¢rlormanLX. befor¢ inli(ILmLnl cun b obillinL'd thLn income is dL.ferr¢d until those conditions llre lully mLiI or the fuifilmLmi of thosc condiiions is ivithin th¢ ¢onlrol ol'ihc churity and it is probablL thul thcy ivill bc fullillcd. Expendlture Liabililiey urL' C01n15ed as expendilure us Soon a5 Ihcrc is a Icgul or conslruclivc oblisli0n commilling thc charily In Ih4lt CApcnililiirL', il is pvnhklblc Ilial Iq IransfL'r nf ccoiiomic hcncfil4 iNjll Ik" Tcqiiircd in scillcincnt Lind ilic mouiii of thL obliguiiDn can b¢ mL'usuTed rL'liably. L¥p¢ndiiure 15 occounlL¥d for on an aLrUn15 basis and has bcLn cla55ified under hLadinBS thot a8gfL'8atc all cosl relaled io the ctttcgory. WhcrL' cosls cunnot bL' dirl'cily aitribulcd to particulur headings thcy havc been lllloealcd io oclivilics on a basis con5151cnt Nlith thc usc of re50urccs. PaBL 15 continucd...
SHRI KANAGATHURKl%AI AMLIIAN (HIIYDU) TEMPLE TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTlh'G POLICIES- eontlnued Expendl¢ur¢ CirunLq olTcrcd subjecL lo conditions ivhich have nol bccn met ai the )"car end dale urc nOLL as A commilmcnt bul not Dccrued as cxpendilurc. Tangiblt fixed assets DcprLcilllion is provided ol the folloiling nnnual rnIL in Ord ¢0 lIe olTcach assel over its csiimaicd useful life. rr¢chold propcrt). l % on cost ri.xturc and Filtin8s- 20Yr on cost Meditation l-lall . 2Yo on cosi Investment property Invcslmcnl propcrty 1.1 ul most rcceni valulllion. An)" llggrcgote surplu$ or defielt arising tlom changcs In falr voluc is rcLO8lli5cd in Ihc S¢olcmcni of finpncial Aclivilics. TaiatloD The charily is eYcmO Irorn tsLX on its chur1bIL activilicy. Fund A¢countlng UrltrICd funds con bL' uscd in DcLu)rdanLL with thc chari(oblc objLclivcs ui thc dl5crL10n ofthc trustcL¥, rurthL'r L'xplanotion ofthc niilurL' ld purp)5c ofL'ach fund is includcd in the nolcs to (he fInCl1 5tQlL'men(s. FlninclAI Instrument Thc charity hos ¢lLYlcd lo upply Ihc pruvisions ol- SCLtion I I bllsic finunciul inslrumLnts" or rRS 102 to ull of lis rinunciul InsirumL•nts. l.'inonitnl instyumL'nts orL ricognisLd in the L'hariiy bAlancL shLL% when th¢ Lhariiy bc¢umL's party to th¢ L'ontraclu&l provisions Dfthe itrUMents. rinancial usseL$ llnd liabililie5 ufL oif5L, ¥viih ihe ncl Jmounls presenlLYl in the finuncial slnlL'menl, when therc is a Icgnlly cnforLcablc riBhi 10 SL'I off IhL' rccogniscd umounis ond thLrc 15 an inlcnlion to scttlc on a ncl basis or 10 rL'ulisc thc a35¢1 ond 5Lttlc thc liabilily slmultsnLU5Iy. Investments and borrowlngs The Tru$teL3 Ivith con5L'nt of ExccutiNe CommiltcL pllrLhU.d prnpeny nLYrby wid givL'n for IL'nlinB, as a 50urcc or incomc thc trusl. Ownership ol'the Mill be trllnsfcrrL.d to regi5lL'red ehllrily trust namc wilh thc conx'nt from thc Lhurily ci)mmissiun us iherL is no pruvision lil thi5 cITL'Ct is in thL 8vverning documcnl. Meditsiion Holl a5 buill as part ofcharil). Lxponsion progr4un and facility cnhanccm¢nt. Puge 16 conLinued...
SHRI KAliAGATHURKIKAI AmI1Ali (HINDU) TEMPLE TRUST NOTES TO THE FINANCIAL 5TATEMEIITS- conllnued FOR THE YEAR ENDED 31 IVIARCH 2024 DONATIOliS AND LEGACIES 2024 2023 Donution5 950.008 1,027,077 IIYVESTIMENT INCONIE 2024 2023 Rents reccivLYl Dcpo5ii llccounl inlcrL¥l 92.297 1,174 81,390 234 93,471 81,6?4 IIYCOME FROM CHARITABLE ACTIVITIE5 2024 2023 Activity Abi5hckTrm & Archllnui InLome from charilublL' uclivily rio%vcr & Garlands Incomc frum charilablc Dclivily Shri KUnUgathukal Ammon Incornc from charilablc Elclivity Wcddin8 IncomL. from Lhari(ublc uclivily Sarcc donallons Inci)mL' from chari¢ublL' Qclivity Gold & Silvcr pcnlion IncomL. from churi(ablL' Ilctivily Mi5c¢II¢ous InLomL' from ch4ri¢8blL' Jctivity Monkcynuts In¢orn¢ from ch4rilablc #ctivity CalendLr,PonLhankam,CD,eic Incorne frum ¢hllriiable Jeiivity Laltu IncornL' frL)m churiiablc uctivity Cur park VOULhLrs IncomL. from choritablL llclivity Milk Income from LhoritoblL Qclivity Thudchonoi InEom¢ from charilubl¢ u¢tivily Gold Cuin InLomL' Irom chllrilublc octivity Tricyclc & Wh¢1¢hO1r InLomc from ¢harilllblL uctivity Floud Relicr IncomL from Lhnrithblc aclivily Univcrsiiy SiudLllts Sponsor IncomL from L'horithblc QL'livity 614,789 9,333 9,350 56,385 22,286 145 6.703 4,291 11,546 6,308 4.393 19,846 34,520 28,224 295 9,842 37.404 J71,3?5 10.402 9,060 41,700 28,005 615 2.162 15,261 2,628 16,547 44,209 16,367 875,660 761,565 Pag¢ 17 nlinucd...
SHRI KAYI AGATHURlklkAI AMhlAli (HINDU) TEMPLE TRUST OTES TO THE FINANCIAL STATEMEI%TS- eontlnued FOR THE YEAR ENDED 31 .MARCH 2024 RAISING DONATIONS Ai%D LEGACIES 2024 2023 StalTcosts 32,805 32,151 IVESTMENT MANAGEMENT COSTS 2024 2023 Adminisirativc expLnscs Propcrt) rcpairs 5,666 2,859 4,140 8.525 4,140 CHARITABLE AcfiviTIES COSTS Grant fundlng of activltles {see note Support costs (Jee nole 91 Dlreet Costs 8) Tot415 Custs ofLharithble ocli¥ ity Support C051S 794.178 188.632 982,810 1157,355 1157,355 794,178 115¥,632 857,355 ,1140,165 GIL4NTS PAYABLE 2024 2023 CosL8 ol'Lharilable aLIii'iiy 188.(J32 153,873 Thc tolul grnn15 paid instiiution5 during th¢ yrar Mos ns follows: 2024 2023 GCNIRAL 188,632 153,873 PasL 18 continucd.-.
SHRI KANAGATHURKl&AI AMlAN {HINDU) TEMPLE TRUST NOTES TO THE FIliANCIAL STATEMEI%TS- tontlnued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Inforniatlon technology i anagement FlnAnce Support ¢05ts 441,5411 129,568 20,589 Covernance ¢ost5 Other Totals Suppon costs 249,675 15,975 857,355 TRUSTEES, REI%lUNERATION AIYD BEI%EFITS There iilre neither IruslL*%' fL'munerntion nor othL'r bcncfiis for the yeDr L'ndcd 31 Murch 2024 und for (hc ycar cndcd 31 March 2023 Trustees, expenses T13L'rc ivcrc no lru5wL, ¢xp¢nsL's paid for Ihc y¥'or ¢ndcd 31 Morch 2024 and for thL yLYf LmdL,d 31 Morch 2023 STAFF COSTS No inijividulll employcc rcLL'iVLd cmL)lumcnts in L'¥CL5 of£60110(I during thL ycur cndcd 31si march 2024 nor during the Y LndL'd 31st march 2023. 12. COVIPARATIVES FOR THE STATEhlEI%T OF FINAI%CIAL ACTIVITIES Unrestrlcted runds Restrlcled funds Total (unds IIYCOLME AND ENDOIVMENTS FROM Donutions and ILSUCiLbS 1.027,077 1,027,077 Charl¢llble 8Ctlvltle5 Incomc from charilablc uclivily 761,565 761,565 InvL'5tmenl inL'ome 81,624 81,624 Totftl 1,1170,266 .1170,266 EAPEII DITURE OYI RMlslnE funds Raising donuiions and IcgnciL'$ Investment mano8emLnt cos¢s 32,J51 4,140 32,151 4,140 36,291 36.291 Chllrltgble 4ctlvlties Costs ol"charithbl¢ actiiity ,372.806 1,372.806 Pase 19 continucd...
SHRI KANAGATHURKIKAI AIVII¥IAI% (HINDU) TEMPLE TRUST I%OTES TO THE FINANCIAL STATEi¥IEISTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. COMPARATIVES FOR THE STATENIENT OF FIliAYI CIAL ACTIVITIES- continued UDrestricted Restrlcled fuDds funds TotAI funds Total 1.409.097 1,409,097 NL 8uins on invL'slmLmts 858,540 858.540 NET INCOME ,319,709 1,319.7Q9 RECONCILIATION OF FUNDS Tolul funds broughi fon¥ard 5,072.123 5,072.123 TOTAL FUliDS CARIUED FORIVARD 6,391,1132 6,391,832 13. TANGIBLE FIXED ASSETS Fixtures nd flttlngs Freehold proptrty Short leusohold Medllltlon hall Tol•lJ COST Al l April 2023 Addiiions 1.417,569 34,320 3,030,455 30,040 82,513 9,178 4,564,1157 39,218 At 31 Murch 2024 1,417,569 34,320 3,060,495 91,6YI 4.604,075 DEPRECIATION At l April 2023 Churse for year 368,569 14,176 60,601) 60,609 68,446 4,258 497.6?4 79,043 Ai 31 MarLh 2024 382,745 121,218 72.704 576,667 NET BOOK VALUE Ai 31 Murch 2024 1.034,11?4 34,320 2,939.277 18,987 4.027,4011 Ai.I l Murch 2023 I,U49,000 34,320 2,969,1146 14,067 4,1167,233
ugc ?0 conlinucd...
SHRI KAliAGATHURKIKAI AMI¥IAN (HI]YDU) TEMPLE TRUST I%OTES TO THE FI]IAI'CIAL STATEMENTS - ¢oDtinuod FOR THE YEAR ENDED JI MARCEI 2024 14. FIXED ASSET IIYVESTMEi%TS Unllsted Investments 1ARKET VALUE Ai l April 2023 Disposols 742,237 (216.875) Ai 31 March 2024 525J62 NET BOOK VALUE Ai 31 March 20?4 5?5,36? Ai J l March 2023 742.237 l-hL'rc i¥ere no ini'eslmeni U55LDts outsidLi Ihe UK. Cosl or i'aluation Rt 31 Morch 2024 is rL'presL'nled by.. Unllsted Investments vlUu11On in ?020 Volualiun in 2022 Volualion in 2023 Volualion in 2024 Cosl 11,369 42,369 128,540 43,926 299,158 525.362 IIYVESTIMENT PROPERTY FAIR VALUE Al l April 2023 And 31 Murrh 2024 3,000,000 NET BOOK VALUE Ai 31 March 2024 3,000,000 At 31 M¥rLlI 2023 3,000,000 ruir vuluc llt 31 &MkYch ?024 is repre5enlcd by: VnluAiion in 2020 Ilaluslioii in ?021 Vllluulion in 20?3 Cosl (100.000) 42n.lino 730,000 .950.000 3.000,000 Pogc?I continucd...
SHRI KAIIAGATHURKIKAI AMVI AAli (HIAYDU) TEMPLE TRUST I%OTE5 TO THE FIII'ANCIAL STATEMEJTS- ¢ontlnu¢d FOR THE YEAR ENDED 31 MARCH 2024 16. CREDITORS: ANIOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loan5 and ovcrdrdft5 notL.18) Tradc cr¢dilors Toli0n and sociul sccurily Othcr crcdilor5 76,637 26,352 2,901 27,875 166,467 57,338 4,762 3,600 133,765 ?32,167 17. CREDITORS: AITrlOUNTS FALLING DUE ArrER hlORE THAi% ONE YEAR 2024 2023 Bonk loans (5cc nolc 111) 1,346,590 1,333,398 LOANS An unalysls olthe maLurity ofiouns is Bivon Ix'loiv., 2024 2023 Amounts fallinB duc i*ithin one year on dcmand: Bank loans 76,637 166,467 Amounts falling duc b¢lven and li%'L' >L'Dr%: Bunk louns - ?.J y¢ars ,346,590 .333,398 19. MOVEMENT IN FUNDS et movement ID lunds At 31J.24 At 1.4.23 Unrestricted funds C)cnLral fund 6,391.113? 131,378 6,523,210 TOTAL FUIYDS 6,391.1132 131,378 6,523,210 NLIL movLYncni in funds, includcd in the llbo%'c Drc as Follows: Ineomlng resources Rvjourtes expended Gains And losses L Ovtment in funds Uurcslriclod fuiid) CILncral fund ,919.139 (1,881,495) 93,734 131,3711 TOTAL FUJ)DS 1,919,139 (1,881,4951 93,734 131,3711 Pogc 72 continuLVd...
SHRI KANAGATHURKIKAI AMTrIAli (HIYI DU) TEMPLE TRUST NOTES TO THE FlIlANCIAL STATEiIIE]%TS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMEi%T IN FUNDS- ¢on¢lnued Comparntlves for movtm¢nl In funds Net movement In funds At 31.3.23 At 1.4.22 Unrestrltled funds GLYILYDI fund 5,072.123 ,319,709 (1,391,832 TOTAL FUNDS 5,072,123 .319,709 6,391,832 Comparaiivc n¢l movcmLnl in lunds, inLludcd in thc obove orc 05 folloivs., Incomlng resources Resources expended Cllln5 And loBses ,%loi'ement In fund5 Unrestrietcd fundi Gcnerul fund 1,870,266 (1,409,097) 858,540 1,319,709 TOTAL FUNDS 1,870,266 {1,409,097) lJ58,540 1,319,709 A current yi'or 12 Months ond prior year 12 months ¢ombined posiliun 1$ as folloM'5: Net movement in funds At 31.3.24 At 1.4.22 Unr¢strlcted fundi Generul fund 5,072,123 1,451.087 6.523,210 TOTAL FUI%DS 5.072.123 1.451.087 6.523,210 A Lurrcnl y¥"ar 12 m(Inihs und priur VL'Jr 12 miinihs Lvmbincd n¥t movcmLnl in funds, inLludLxI in thL ubovL urc as rolloivs: Incomlng re50urr¢s Resources Expended Calns llnd losse5 Ilovement In funds Uiii'cstri¢leti fuiids Gcneral fund 3,789,405 (3,290,59?) 952,274 ,451,087 TOTAL FUIIDS 3,7851.405 (3,290.59?) 95? ?74 1,451.087 PllgL. ?3 continued...
SHRI KANAGATHURKl&AI AMI¥IAII (HINDU) TEMPLE TRUST IIOTES TO THE FIliAYI CIAL STATEMENTS- ¢ontlnued FOR THE YEAR EliDED 31 MARCH 2024 20. RELATED PARTY DISCLOSURES Thcrc ivcrc no rclolcd party Iransaclions for th¢ year ¢nd¢d 31 March 2024. 21. ULTIMATE COLYTROLLING PARTY The charity is contrulled by Ihe truslees listed in the report ofihL. trusiccs. Puge 24
SHRI KANAGATHURKKAI AMhlALI (HINDU) TEMPLE TRUST DETAILED STATEIMENTOF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 MARCH 2024 2024 TolAI funds 2023 TotAI funds UDrr51rict¢d fund5 Restrlc(d fuftds INCOME AND EISDOWMEI%TS Donatlons ond l¢gocies Donalions 950,008 950,008 1,027,077 Invostment Incomt Rents rcccived Dcposil account iniLire51 92,297 1,174 92.297 1,174 81,390 234 Y3,471 93,471 81,624 ChArl¢fjble actlvltles AbishLkam & Archonoi riow¢r & Gorlands Shri KunaguthurTkui Ammun Wedding Surc¥ donations Gold & Silvcr pentiun ,Misccllcous Munkcynuis CAlcndL'r,l)anchankam,CD,elc Llliiu Cur park vouihirs 614,789 9,333 9,350 56.3¥5 22,286 145 6.703 4,291 11,546 6,308 4,393 19,1146 34.520 28,224 295 9,1142 37,404 614,789 9,333 9,350 56.385 22,2R6 145 6.703 4,291 11,546 6,30¥ 4,393 19,846 34,520 28.224 295 9,842 37.4U4 571,325 10.402 9,060 41,700 28,005 615 2,162 15,261 2,628 3,284 16,547 44,209 16,367 I hudchunai Ciold Coin TricyclL & WhLLlchair riood R4.IiLI' Universily Siudents Sponsor 875,660 875.660 761.565 Totlll In¢omlng resoureej 1,919,139 1,919,139 1,870,266 EXPENDITURE Ralsing donations Mttd legeies Wagc5 32,¥n5 32,805 32.151 Investment mAn4gemeut ¢0515 Admini51ralii'L cxpcn5CS Carricd fornward 5,666 5,666 5,661) 5,666 This page docs not forn part ofthc siatulory financial slements Pugc 25
SHRI KAliAGATHURKlkAI AMI¥IAN (HIIYDUI TEMPLE TRUST DETAILED STATE,IqENT OF FILYAYCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 TolAI runds 2023 Total fundj Uarestrlcted funds Re5trlcled funds Investment manoiement Costs Brought foTrvllrd Property repairs 5,666 2,859 5,666 2,559 4,140 ¥,525 11,525 4,140 Charlilble oc¢lvltles Abishekum Annuihanam Flower purehase Saivtt Icdcration confL'renee Books & calcnder Lattu Surcl vcrty pur¥hasc rcsiival expense ,Monkcynuts Parkin8 tiekLIS 430,073 179,642 74,413 430,073 179,642 74,413 205,753 154.88? 72,30 420 15.396 7,758 7,758 ?,279 9,608 66,474 1,597 10,399 66.474 1,597 7,500 18,750 153,1173 ?2,334 188,632 22.334 1118.632 Gronis io instiiuiions 98? YIO 982,810 639,282 Support costs ,MonA2emeftt Wu8es Social securily PLnsions Rolcs ond ivalcr In5uruncL Li¥hi and hLut TL'IL'phonc PosthgL' and Yllllioncry Advertising Sundrics 240,568 11,391 3,135 5,703 22,128 111,369 240,5611 11.391 3,135 5,703 22.128 111,369 236,11415 12,1191 4,078 8,026 21.783 37,669 3.912 15,710 211,064 3.202 23,9811 20,004 3.202 23,9118 111,621 441.541 441,548 422,591 FlnAnce Bunk. ¢hllr&iL¥ Bank" inlerc51 Bunk 10t inlcrL%i 21,033 21,033 26.031 63,129 108,535 108,535 129,568 129,568 89,160 This pagL' does noi lorni part ofthc 5UL0ry financial slotements Page 26
SHRI KAL%AGATHURIKKAI AMi%IAN IHANDV) TEMPLE TRUST DETAILED 5TATEMEI%T OF FINANCIAL ACTIVITIE5 FOR THE YEAR E]%DED 31 JIIARCH 2024 2024 Tolal fund5 2023 Tol*l fuadj Unrestrlcted rund5 Re5trlcted runds FlnAnce Informotlon t¢chDology TclcphonL Sundrie5 17,194 3,395 17,194 3,395 7,220 4,660 20,589 20,589 11,880 Humwn rejources Sotiwarc liccn¢cs 5.769 Other Sundrics stsie MunDBcmcnt Cosi CILanin8- MalLYiii1s SLYurilv expensL'S DLP FreLhold prupLIrty DLp or rixturcs & filtings 107 62,595 103,255 4,675 74,785 4,258 107 62,595 103,255 4,675 74,7B5 4,2511 2,170 6,697 82,562 3,811 74,785 2,205 249,675 249,675 172,230 Othtr 2 Rates und wgler 15,994 Governance cos15 Auditors, rL'munLralion AccnunlunLy and IcBiII fLgS 3,600 12,375 3,600 12,300 12,375 15,975 15,975 15,900 Tollll rc50urccs L'xpendLd 1.1181.495 .881,495 1,409.097 h'et Income btforo galns And105ses J7,644 37,644 461,169 R¢4115¢d re¢DED5s¢d gAins and losses RLalised 8oinsl(Ios5csI on fixLd n5SCt ini'L'stmcnts 93,734 93,734 1158,540 Net In¢ome 131,378 131.378 ,319,709 This pagc docs noi forni part ofthe sthtutory financial statcments Pugc 27