2023-03-31-accounts

			Page
Trustees'	annual report
Independent auditor's		report to the Trustees
Statement	offinancial	activities	10
Statement	offinancial	position
Statement	ofcash flows		12
Notes to the financial		statements	13-23

Reference a	nd adm	inistrative	details
Registered	charity	name	Sivayogam
Charity registration		number	1050398
Principal oNce			41StGeorges Avenue
			London
			NWg OJT
			United Kingdom
Patrons			Mr N Seevaratnam		ACA ACMA
			Mr A Gananathan	LLB(Hone)
The Trustees
			Mrs A KSelvakumar MSc. FCCA, MBA		(Chair) BSc.(Appointed			13March 2023)
			Mr N Seevaratnam ACA ACMA Mr SPTanaraja FCCA			(Resigned (Appointed		13March 2023) 3 December 2011)
			(Treasurer)
			Mr A Gananathan Mi J Saravanamuthu	LLB(Hone)		(Resigned (1 October		13March 2023) 2021)
			Mr N Seevaratnam		(Secretary)	(Appointed		1 July 2021)
			il/Ir N Velupillai			(Appointed		13March 2023)
Auditor			Adrlan &Co
			Chartered Certified		accountants	&statutory	auditor
			1417/1419London	Road
			Norbury
			London
			SW164AH

					2023		2022
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
Income and endowments			Note		8	8	5
Donations and legacies Charitable activities Investment income Other income			4 5 6 7	238,973 187,802 872 21,570	74,853	313,826 187,802 872 21,570	228,627 168,069 758 33,317
Total income				449,217	74,853	524,070	430,771
Expenditure
Expenditure on charitable	actiinties		8,9	390,393	47,023	437,416	355,779
Total expenditure				390,393	47,023	437,416	355,779
Net income and net movement		in	funds	58,824	27,830	86,654	74,992
Reconciliation offunds
Total funds brought forward				1,260,384	1,247,452	2,507,836	2,432,844
Total funds carried forward				'f,319,208	1,275,282	2,594,490	2,507,836

				2023	2022
Fixed assets			Note	6
Tangible fixed assets			14	3,543,866	3,570,896
Current assets
Debtors Cash at bank and	in	hand	15	27,000 192,840	27,934 154,442
				219,840	182,376
Creditors: amounts		falling due within one year	16	115,163	118,595
Net current assets				104,677	63,781
Total assets less	current liabilities			3,648,543	3,634,677
Creditors: amounts		falling due after more than one year	17	1,054,053	1,126,841
Net assets				2,594,490	2,507,836
Funds ofthe charity
Restricted funds Unrestricted funds				1,275,282 1,319,208	1,247,452 1,260,384
Total charity funds			18	2,594,490	2,507,836

Year ended 31 March	2	023
					2023	2022
Cash flows from operating		activities
iNet income					86,654	74,992
Adjustments for.
Depreciation oftangible fixed		assets			54,929	56,328
Other interest receivable and		similar income			(872)	(758)
Interest payable and similar	charges				52,955	30.630
Accrued expenses					1,200
Changesin:
Other debtors					935	3,002
Accruals and other creditors					(4,632)	5,930
Gash generated from operations					191,169	170,124
Interest paid					(52,955)	(30,630)
Interest received					872	758
Net cash and cash equivalents		from operating		activities	139,086	140,252
Cash flows from investing	activities
Purchase oftangible assets					(27,899)	(20,722)
Net cash used in investing activities					(27,899)	(20,722)
Cash flows from financing	activities
Repayment of loan					(72,789)	(40,404)
Net cash used in financing	activities				(72,789)	(40,404)
Net increase in cash and cash equivalents					38,398	79,126
Gash and cash equivalents		at beginning	of	year	154,442	75,316
Cash and cash equivalents		at end ofyear			192,840	154,442

5.	Charitable	activities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
	Temple services		187,802	E 187,802	E 168,069	E 168,069
6.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
	Bank interest receivable		E 872	E 872	758	E 758
7.	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
	Sale ofgoods Government grants		E 21,570	E 21,570	E 11,171 22,146	E 11,171 22,146
			21,570	21,570	33,317	33,317
8.	Expenditure	on charitable activities	by fund type
				Unrestricted	Restricted	TotalFunds
				Funds	Funds	2023
	Charitable activities Governance costs			E 372,752 17,641	E 47,023	E 419,775 17,641
				390,393	47,023	437,416
				Unresb'icted	Restricted	Total Funds
				Funds	Funds	2022
	Charitable activities Governance costs			295,983 21,772	38,024	E 334,007 21,772
				317,755	38,024	355,779

9. Expenditure on charitabl	e a	ctivities by acti	vity type
				2023	2022
CHARiTABLE		Unrestricted	Restricted	Total	Total	Funds
EXPENDITURE		Funds	Funds	Funds
			6	6
Rates 8 Water		7,173		7,173		10,165
Light & Heat		16,780		16,780		12,373
Repairs &Renewals		17,366		17,366		10,932
Wealth &Safety		3,195		3,195		6,155
Telephone &Internet		2,964		2,964		3,618
Printing, Postage, Stationery Publicity	&	1,221		1,221		1,617
Pooja Items (for Temple Services)		74,141		74,141		57,978
Salaries & N. l		132,026	12,200	144,226		102,119
Insurance		3,808		3,808		3,833
Travelling &Transport		5,984		5,984		10,891
ITexpenses		2,116		2,116		2,840
Equipment expense						1,348
Interest on Loans &Mortgage		52,955		52,955		30,630
Grants & Donations			29,551	29,551		19,969
Sundry Expenses		1,301		1,301		1,834
Bank Charges		4,272		4,272		3,583
Depreciation		47450	5 272	52722		54 122
Sub total		~372 752	4~7023	4~19775	~334007

						2023	2022
			Unrestricted		Restricted	Total	Total	Funds
			Funds		Funds	Funds
			5		6
Wages			8,000			8,000		12,000'
Audit Fee (including		VAT)	4,800			4,800		4,800
Rates &Water				620		620		622
Light & Heat			1,200			1,200		1,101
Telephone	8 internet			620		620		339
Printing, Postage, etc				195		195		247
Sundry expenses								457
Depreciation			2	206		2206		2 266
Sub total			17641			~17641		22 222
Grand total

2023	2022
8
54,929	66,328

Staff costs
The total staff costs and employee	benefits for the reporting	period are analysed as	follows:
		2023	2022
		6
Wages and salaries		152,226	114,119

Tangible fixed as	sets
					Statues and
	Freehold	Fixtures and	Motor		Shrine at
	property	fittings	vehicles	Equipment	cost	Total
Cost			8		8
At 1 Apr 2022 Additions Disposals	3,420,538 25,600	401,475 2,299	25,949 (13,379)	5,352	261,043	4,114,357 27,899 (13,379)
At 31 Mar 2023	3,446,138	403,774	12,570	5,352	261,043	4,128,877
Depreciation
At 1 Apr 2022 Charge forthe	196,408	330,764	14,951	1.338		543,461
year Disposals	32,923	18,252	2,750 (13,379)	1,004		54,929 (13,379)
At 31 Mar 2023	229,331	349,016	4,322	2,342		585,011
Carrying amount
At 31 Mar 2023	3,216,807	54,758	8,248	3,010	261,043	3,543,866
At 31 Mar 2022	3,224,130	70,711	10,998	4,014	261,043	3,570,896

15.	Debtors
				2023	2022
				E	8
	Prepayments Other debtors	and accrued income		27,000	935 26,999
				27,000	27,934
16.	Creditors: amounts		falling due within one year
				2023	2022
				5
	Bank loans and overdrafts (see note 17) Accruals and deferred income			107,487 7,676	107,488 11,107
				115,163	118,595

Bank	loans	and	overdrafts	2023 f 1,054,053	2022 1,126,841

Unrestrict	ed funds
						At
			At			31March 20
General funds			1 April 2022 1,260,384	Income f 449,217	Expenditure f (390,393)	23 f 1,319,208
						At
			At			31 March 20
General funds		1 April 2021 f 1,212,510		Income f 365,629	Expenditure f (317,755)	22 f 1,260,384
Restricted	funds
						At
			At			31March 20
		1 April 2022 F		Income	Expenditure f	23
Restricted	Fund		1,247,452	74,853	(47,023)	1,275,282
						At
			At			31 March 20
		1	April 2021	Income	Expenditure	22
					F
Restricted	Fund		1,220,334	65,142	(38,024)	1,247,452

19. Analysis	ofnet assets by	funds
	Unrestricted Funds	Restricted	Restricted Funds		2022		2022
		Funds
		Building	Eetam		Total		Total
		Fund	Project		Funds		Funds
Tangible Assets	2,425,422	1,118,444			3,543,866		3,570,896
Current Assets	74,526	138,829	6,485		219,840		182,376
Current Liabilities	(115,163)				(115,163)		(118,595)
LI 311111	~1054053				~1054053		1 126841
over one
year
0. Analysis	ofchanges in net	debt
							At
			At	1	Apr 2022	Cash flows	31 Mar 2023
Cash at bank and in hand Debt due within one year Debt due after one year				L 154,442 (107,488) (1,126,841)		38,398 72,789	8 192,840 (107,488) (1,054,052)
				(1,079,887)		111,187	(968,700)