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





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|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<br>MSc. FCCA, MBA||(Chair) BSc.(Appointed|||13March 2023)|
||||Mr N Seevaratnam<br>ACA ACMA<br>Mr SPTanaraja<br>FCCA|||(Resigned <br>(Appointed||13March 2023)<br>3 December 2011)|
||||(Treasurer)||||||
||||Mr A Gananathan<br>Mi J Saravanamuthu|LLB(Hone)||(Resigned <br>(1 October||13March 2023)<br> 2021)|
||||Mr N Seevaratnam||(Secretary)|(Appointed||1 July 2021)|
||||il/Ir N Velupillai|||(Appointed||13March 2023)|
|Auditor|||Adrlan<br>&Co||||||
||||Chartered<br>Certified||accountants|&statutory|auditor||
||||1417/1419London|Road|||||
||||Norbury||||||
||||London||||||
||||SW164AH||||||





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||||||2023||2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
|Income and endowments|||Note||8|8|5|
|Donations<br>and legacies<br>Charitable<br>activities<br>Investment<br>income<br>Other income|||4<br>5<br>6<br>7|238,973<br>187,802<br>872<br>21,570|74,853|313,826<br>187,802<br>872<br>21,570|228,627<br>168,069<br>758<br>33,317|
|Total income||||449,217|74,853|524,070|430,771|
|Expenditure||||||||
|Expenditure<br>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<br>offunds||||||||
|Total funds brought<br>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|





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|||||2023|2022|
|---|---|---|---|---|---|
|Fixed assets|||Note|6||
|Tangible fixed assets|||14|3,543,866|3,570,896|
|Current assets||||||
|Debtors<br>Cash at bank and|in|hand|15|27,000<br>192,840|27,934<br>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<br>Unrestricted<br>funds||||1,275,282<br>1,319,208|1,247,452<br>1,260,384|
|Total charity funds|||18|2,594,490|2,507,836|





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|Year ended 31 March|2|023|||||
|---|---|---|---|---|---|---|
||||||2023|2022|
|Cash flows from operating||activities|||||
|iNet income|||||86,654|74,992|
|Adjustments<br>for.|||||||
|Depreciation<br>oftangible<br>fixed||assets|||54,929|56,328|
|Other interest receivable<br>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<br>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<br>activities|||||(27,899)|(20,722)|
|Cash flows from financing|activities||||||
|Repayment<br>of loan|||||(72,789)|(40,404)|
|Net cash used<br>in financing|activities||||(72,789)|(40,404)|
|Net increase<br>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|





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





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|9.<br>Expenditure<br>on charitabl|e<br>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<br>&Safety||3,195||3,195||6,155|
|Telephone<br>&Internet||2,964||2,964||3,618|
|Printing,<br>Postage, Stationery<br>Publicity|&|1,221||1,221||1,617|
|Pooja Items (for Temple<br>Services)||74,141||74,141||57,978|
|Salaries<br>& N. l||132,026|12,200|144,226||102,119|
|Insurance||3,808||3,808||3,833|
|Travelling<br>&Transport||5,984||5,984||10,891|
|ITexpenses||2,116||2,116||2,840|
|Equipment<br>expense||||||1,348|
|Interest on Loans &Mortgage||52,955||52,955||30,630|
|Grants<br>& 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||





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|||||||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,<br>Postage, etc||||195||195||247|
|Sundry expenses||||||||457|
|Depreciation|||2|206||2206||2 266|
|Sub total|||17641|||~17641||22 222|
|Grand total|||||||||





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|2023|2022|
|---|---|
|8||
|54,929|66,328|



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



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|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<br>Additions<br>Disposals|3,420,538<br>25,600|401,475<br>2,299|25,949<br>(13,379)|5,352|261,043|4,114,357<br>27,899<br>(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<br>Charge forthe|196,408|330,764|14,951|1.338||543,461|
|year<br>Disposals|32,923|18,252|2,750<br>(13,379)|1,004||54,929<br>(13,379)|
|At 31 Mar 2023|229,331|349,016|4,322|2,342||585,011|
|Carrying<br>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|



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





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|Bank|loans|and|overdrafts|2023<br>f<br>1,054,053|2022<br>1,126,841|
|---|---|---|---|---|---|



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|Unrestrict|ed<br>funds||||||
|---|---|---|---|---|---|---|
|||||||At|
||||At|||31March 20|
|General funds|||1 April 2022<br>1,260,384|Income<br>f<br>449,217|Expenditure<br>f<br>(390,393)|23<br>f<br>1,319,208|
|||||||At|
||||At|||31 March 20|
|General funds||1 April 2021<br>f<br>1,212,510||Income<br>f<br>365,629|Expenditure<br>f<br>(317,755)|22<br>f<br>1,260,384|
|Restricted|funds||||||
|||||||At|
||||At|||31March 20|
|||1 April 2022<br>F||Income|Expenditure<br>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|





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



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