Sri Matha Shruthi Laya Kshethrram
(Institute of Fine Arts) Complete Charity Commission Reporting Pack
Financial Year: 1st August 2021 – 31st July 2022
Registered Address: 1st Floor, 25 High Street, Below Bar, Southampton, SO14 2DF Date: 29th August 2025
1. Trustees’ Annual Report
Sri Matha Shruthi Laya Kshethrram (Institute of Fine Arts) is a registered UK charity dedicated to the preservation, promotion, and teaching of Indian classical performing arts. Our aim is to inspire, educate, and empower young people and adults alike through the richness of Dharmic cultural traditions. We operate as both a temple and an Institute of Fine Arts, serving the South Indian and wider Hindu community, while also promoting inclusivity by welcoming students and families from diverse cultural and social backgrounds.
Commitment to Youth Empowerment
A core focus of the charity is providing opportunities for children and young adults from all backgrounds to engage in high-quality training in classical music, percussion, and devotional arts. Our inclusive approach ensures that students — regardless of faith, ethnicity, or economic status — have access to the beauty of Indian classical traditions while also gaining exposure to Vedic cultural practices.
2. Trustees’ Narrative Impact Report
2.1. Impact of COVID-19
The COVID-19 pandemic created unprecedented challenges for our charity. Lockdowns and restrictions disrupted live performances, classroom-based training, and community rituals. Families faced emotional and financial stress, and our charity’s income reduced due to fewer in-person events. Despite these hardships, the trustees and volunteers worked tirelessly to adapt to changing conditions, supporting students through virtual learning and bereaved families through remote prayer services and guidance.
2.2. Unique Location & Cultural Advantage
Located just a five-minute walk from Southampton Sea Beach, our temple offers a unique and rare cultural benefit. Hindu families seeking to perform ashes immersion rituals (as part of sacred Vedic rites) are able to do so conveniently and respectfully. This spiritual advantage has attracted families not only from Southampton but also from Hampshire and nearby counties, positioning our charity as a regional hub for sacred traditions and bereavement support.
2.3. Youth Engagement & Learning Opportunities
During this year, our classical music students were offered the unique opportunity to lead devotional bhajans during bereavement ceremonies. By supporting families through prayers, our students developed confidence and gained invaluable experience in understanding different aspects of Vedic culture. This learning extended beyond the technical mastery of music and percussion — it helped shape their spiritual awareness, empathy, and community service values.
2.4. Community & Inclusivity
Our temple has evolved into a cultural, educational, and spiritual anchor for families across Hampshire and surrounding counties. We are proud to welcome learners from all social, cultural, and religious backgrounds. This inclusivity strengthens cross-community ties and creates an enriching space where students gain exposure to diverse practices within the Dharmic tradition, while also sharing their artistry with the broader community.
3. Statement of Financial Activities (SOFA)
| Income | Amount (£) |
|---|---|
| Public Donations | 6,216.00 |
| Southampton City Council | 18,900.00 |
| Lewisham Council Grant | 8,000.00 |
| Southampton City Council Grant | 3,176.00 |
| Other Small Grants | 1,425.00 |
| Contributions from Relatives & Bereaved | 19,554.00 |
| Families | |
| Total Income | 57,271.00 |
| Expenditure | Amount (£) |
| Professional Fees (Solicitors & Artists) | 9,281.00 |
| Learners’ Video Compensation | 7,515.34 |
| Workshops & Instruments | 1,222.00 |
| Accounting & Other | 793.00 |
| Printing & Stationery | 2,100.00 |
| Rent | 19,200.00 |
| Refreshments | 6,874.00 |
| Utilities | 4,500.00 |
| Travel | 3,900.00 |
| Salaries & Wages | 1,200.00 |
| Web Development | 384.00 |
| Other Costs | 2,814.00 |
| Total Expenditure | 59,683.34 |
Net DeflefiL. £2 412.34
4. Balance Sheet
| . Balance Sheet | |
|---|---|
| Assets | Amount (£) |
| Fixed Assets (Furniture & Equipment) | 16,522.00 |
| Cash at Bank | 4,356.03 |
| Total Assets | 20,878.03 |
| Liabilities | Amount (£) |
| Total Liabilities | 51,585.45 |
- Net Assets (Deficit): £2,412.34
5. Independent Examiner’s Report
As the charity’s income exceeded £25,000, an independent examination of the accounts is required under Section 145 of the Charities Act 2011. The appointed examiner’s statement will be included here.
Name of Examiner: ________
Professional Qualification: _______
Date: ______
6. Trustees’ Approval & Signature Page
The trustees approve these financial statements and confirm that they comply with statutory requirements.
| Trustee Name | Signature | Date |
|---|---|---|
| ______ | 29/08/2025 | |
| ______ | 29/08/2025 |
Sri Matha Shruthi Laya Kshethrram
(Institute of Fine Arts) Notes to the Accounts
Financial Year: 1st August 2021 – 31st July 2022
Registered Address: 1st Floor, 25 High Street, Below Bar, Southampton, SO14 2DF
1. Accounting Policies
The financial statements have been prepared in accordance with the Charities Act 2011, the Charity SORP (FRS 102) applicable to charities preparing their accounts on an accrual basis, and the Financial Reporting Standard applicable in the UK.
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Income Recognition: Income from donations, grants, and contributions is recognised when the charity has entitlement, receipt is probable, and the amount can be reliably measured.
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Expenditure Recognition: Expenditure is recognised when it is incurred and includes VAT where it is not recoverable.
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Depreciation of Assets: Furniture and equipment are recorded at cost. Depreciation is charged at 25% straight-line basis annually.
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Cash at Bank: Cash deposits are held for operational purposes and are available for general charitable use.
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Basis of Preparation: The financial statements have been prepared on a going concern basis.
2. Analysis of Income
| 2. Analysis of Income | |
|---|---|
| Income Source | Amount (£) |
| Public Donations | 6,216.00 |
| Southampton City Council Grant | 18,900.00 |
| Lewisham Council Grant | 8,000.00 |
| Southampton City Council Small Grant | 3,176.00 |
| Other Small Grants | 1,425.00 |
| Contributions from Relatives & Bereaved | 19,554.00 |
| Families | |
| Total Income | 57,271.00 |
3. Analysis of Expenditure
| 3. Analysis of Expenditure | |
|---|---|
| Expenditure Category | Amount (£) |
| Professional Fees (Solicitors & Artists) | 9,281.00 |
| Learners’ Video Compensation | 7,515.34 |
| Workshops & Instruments | 1,222.00 |
| Accounting & Other Costs | 793.00 |
|---|---|
| Printing & Stationery | 2,100.00 |
| Rent | 19,200.00 |
| Refreshments | 6,874.00 |
| Utilities | 4,500.00 |
| Travel | 3,900.00 |
| Salaries & Wages | 1,200.00 |
| Web Development | 384.00 |
| Other Costs | 2,814.00 |
| Total Expenditure | 59,683.34 |
4. Grants Received
| 4. Grants Received | ||
|---|---|---|
| Grant Provider | Purpose | Amount (£) |
| Southampton City Council | Cultural/Arts Programme | 18,900.00 |
| Support | ||
| Lewisham Council | Arts Grant | 8,000.00 |
| Southampton City Council | Youth & Music Support | 3,176.00 |
| (Small Grant) | ||
| Other Small Grants | Workshops & Student | 1,425.00 |
| Support |
5. Related Party Transactions
There were no related party transactions involving trustees, key management personnel, or their close family members during the financial year.
6. Fixed Assets
Asset Opening Balance (£) Additions (£) Closing Balance (£) Furniture & 16,522.00 0.00 16,522.00
Equipment
7. Funds
All funds held by the charity during the financial year were unrestricted and used to further the charity’s objectives. There were no restricted grants or reserves carried forward.
8. Going Concern Statement
The trustees confirm that the charity has adequate resources to continue operating for the foreseeable future. Although the charity incurred a small net deficit of £2,412.34, ongoing grants and community support ensure sustainable operations.
9. COVID-19 Impact Note
The COVID-19 pandemic presented significant challenges to the charity. Event cancellations, limited community gatherings, and reduced fundraising opportunities impacted operations and income. To adapt, we provided virtual learning for students, continued supporting bereaved families remotely, and carefully managed resources to minimise financial strain.
Sri Matha Shruthi Laya Kshethrram-(Institute of Fine Arts)
Executive Summary • Financial Year: 1st August 2021 Charity commission the UK – 31st July 2022 Registered Address: 1st Floor, 25 High Street, Below Bar, Southampton, SO14 2DF Tagline: Preserving Heritage • Empowering Youth • Serving Communities
1. About the Charity
Sri Matha Shruthi Laya Kshethrram (Institute of Fine Arts) is a registered charity committed to preserving, promoting, and teaching Indian classical music, percussion, and Dharmic cultural traditions. We provide inclusive, high-quality training and serve as a spiritual and educational hub for the South Indian and wider Hindu community, while welcoming learners from all cultural, social, and religious backgrounds.
2. Our Impact in 2021–2022
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Nurtured over 35 students in Indian classical music, percussion, and Vedic arts.
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Conducted 8 cultural programmes blending classical traditions with contemporary creativity.
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Supported bereaved families through devotional bhajans and rituals.
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Promoted inclusivity, ensuring equal opportunities for students from all backgrounds.
3. Our Unique Advantage
Our temple is located just a five-minute walk from Southampton Sea Beach, a unique cultural advantage that allows Hindu families to perform ashes immersion ceremonies respectfully and conveniently, in full alignment with Vedic customs. Families from Hampshire and surrounding counties increasingly choose our temple for these sacred rites.
Additionally, our classical music students had the honour of leading devotional bhajans during bereavement ceremonies, offering them rare exposure to spiritual traditions beyond technical music training.
4. Financial Overview (2021–2022)
| Financial Snapshot | Amount (£) |
|---|---|
| Total Income | 57,271.00 |
| Total Expenditure | 59,683.34 |
| Net Deficit | -2,412.34 |
| Cash at Bank | 4,356.03 |
| Fixed Assets | 16,522.00 |
Despite financial challenges caused by the COVID-19 pandemic, we successfully sustained our educational and community services.
5. Our Focus on Youth
At the heart of our mission is a commitment to empowering young people. We provide inclusive opportunities for students from all cultural, social, and economic backgrounds to learn classical music and percussion, while also gaining exposure to devotional practices, Vedic traditions, and the richness of Dharmic culture. These experiences help students develop not just artistic excellence but also confidence, empathy, and leadership skills.
6. Looking Ahead
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Expand cultural and educational programmes across Hampshire and nearby counties.
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Strengthen youth engagement by combining classical arts training with practical community involvement.
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Increase support services for bereaved families and spiritual seekers.
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Continue fostering a holistic approach that integrates arts, education, and spirituality.
7. Contact Details
Sri Matha Shruthi Laya Kshethrram (Institute of Fine Arts) 1st Floor, 25 High Street, Below Bar, Southampton, SO14 2DF Email: ram@ifainuk.org | Phone: 07553361007