REGIS'I'LRED CEIAEU'I'Y NU.MBER: 1051516 REPORT OF THE TRUSTEES ATI'D UNAUDITED filP*'AP4CIAI, STATEMENTS FOR THE YEAR ENDF,D 31 DEI CEMBER 2024 ri()R LON'DON SIVAN KOVIL TRUST
LOP4DOIN SIVA, KOVIL TRUST CONTENTS OF THE FIJNANCIAL STATEMENTS bOR THE YEAR ENDED 31 DECLI¥iBLR 2024 Rcport of IhL Truyiees I to7 Independen¢ Exaniiner's Report Slaiemenl of Financial Aciivilie8 Balance Sheci 10 Ch fiuw Statemcnl Noies 10 tli¢ Cabli Flow Siatenient 12 Noles lo the Financial Siai¢In¢nis 13 1020 DclailLd Sialemcnl of finoncial Aciivilic4 211022
LONDON STVAN KON'IL TRlI.s'r RF.PORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEIVIBER 2024 In accordancc with Ihc Financial Reporting Standard applicable ill the UK and Republic ollreland (FRS 102) effective from l Januarv 2015, Ihe Irusl¢&s present thc financial stalernents for thti year ending 31 December 20?4. Objectives aDd A¢tivitie5 Objectives and Aims.. The charity's bFoverning docum¢n( outlin&% ils puryose.. to hold the trnst nd aAd income for the advancLmcnt of the Saiva (Ilindu) rL"ligioll following the SaivJ Sithantha iradiiions. principlcs, and practices prevalent in Sri Lanka and Tamil Nadu, for the benefit of the comniunlty as delerniilled by thL tru.qlees. SignificAAt Activities -I"hc Sivan (Flindu) Temple in Lewisham, London. ¢ngag&s in signiticant activities. including providing traditional Hindu meal.q for events (Catering Servi¢es}, hosting cventg, eeremonics. and ikorkshops (Cultural Function Flall), and offering Tamil language and cultural cducalion (I'amil School). Addilional aciivilies encompa religious services. commuIiity outreackn, festivals, educalional worksbopg. culiural perforrllanccs: and youth progyrams, enrichllig the coiiununity's cultural. educational. aJ]d Spirial cxpcriLnces. IL. T¥tnple ]% OPLn 365 ddy.s a year and also assists with funeral rituals. Public Bcnefit Public Benefit Statement: Public benefii, a core aspect of being a Charity. is defined by ttvo key principles= identifiable benefits and benefits to the public. Tlie Trnsttes tulfil the following rc4ponsibililies: Revicw th¢ ilLtivitie.$ Londucled for public benefit. Confimi compliance with ihi.% duty. The Teniple. located in an Anner-cilv borough idenuficd lor areas of dcprivaiton, opens ils lacilitics to the entire Community. ensuring a ii'ann and comfortable envirotllnenL The aim is lo mak'e the Temple accessible 10 all d¢volce5, especiallv Ihose 1th limited fanla1 rnL, sellin¥ a prayer dondtion tickcl al a starting point of £ l. The Trustees have tliorougmy revie1ed the aclivilies for publiL benefit. coDfThin¥ complianLe with il)is duty while adhcring lo Thc Charity Commissinn's guidance on public bcneCIi_ Grantmak-ing 'l-he I"rusL made donations Lo Hindu and other organi.4&1ions of £14,369 (2023 £25.929) as follows.. Sivati Illain, Clielipalayam, Baiiicaloa. Sri Lanka £13.865 {2023 £16.525) FederatioIi of Saiva Tlindu Temples in UK £504 (2023 £504) Page I
LONDOIY SIVAN KOVIL TRUST Rf.YORT OF THF. TRUSTF,F.S FOR THE YEAR ENDED 31 DECEiTrtBER 2024 Volunteers Tlie Trustees exprcs8 (heir gratiludL tu thc dedicdrcd volunteers for their invaluable assistance in the folloiving area¥'. Overscetng ld nianaging crO,d$ during special events. ensurillg a smoodi and organized experience. Effectively niallagiug crowd colltrol aiid priorilizi]ig health alld safety measures during events. Serving food to dcvotces on signifi¢anl occasions. contributmg lo a communal and inclusive atmo.8pherc. Providing regular assistance with administrarivc l&sks. aidingy in ihc ctficicnt funLlioningv of the temple. Ensuring cleanliness and upkeep within the temple premises, ¢ontributTng lo a pleagant and hybFicnic cnvironment for all. ACHIEVEIENT 'D PERFORMANCE ChArilable activities The Loiidoo Sivan Kovil Trust has made significant strides in providing bcncFit5 to devotees. visilor.s, and the local community. Key achievements. and benefit4 include= Divcr5¢ Functions.. Hosting a range of functions including weddings, cultural even(s, and funeral rituals, cat6ring to the dii'erse needs and traditiong of the uonimunity. In¢lusiviLy and Harmony= Welcolliing individuals of all faiths with wartnth friendship, fostering harrnony and uoodivill ivithin the local cummunity. Educaiiondl Outreach: Actively gFing local school Children by inviting thcm lo the temple. alloiving Ihem lo learn about the Saiva (Hindu) religion and Lis praciices. This ioilialii'¢ promotes inlerlaith relalionsliips aud cultural understanding. Community Support in an Inner-ctty Borou£h.. Situdted in a governmcnt-idLniified area for improvement, the temple provides a welcorning space for all, offering relreshmenls io those in need. under8tanding that some may have limited financial resources. Sei Objeciives for Community Well-bein£.' The Tru.stee% have sel Llear objectives, aimitig for good allendance, a diverse raoge of fullciious. and inclusivity for people of all taiths, and facilitating accesb to temple facilities for tho.se with limited fii)an¢ial means. Cot]unuiiiry-C,entric Facililics.. Owning the London Sivan Cenlre building and iiiili7ing il for cultural events and c11( $8roorn.s, the Trust ofters tbesc facilities to local communities al subsidized rales, cantributing to communily #nrichmenl. Property Ownership for Cornmunity Benefit.. Owning assets sucli as a flat at 4C Clarendon Rise and a stnall land adjacent to 4A CItend0 Risc. (he TtU5t extends its potential for cornmunity development and support. These <ichieiiement% and inilialivcs dcm(Trnstrate Ikc dcdication of the l.ondon Sivan Kovil Trust Io scrving thc conimunity, fo.%tering understanding and respeci among difTerenl cultures and religions, and contribuiing io the overdll well-being of the local population. Fundraising aLtivilies ThL medium-lerm plan involve% purLhiL%in¥ tlie T¥mpl¥ bLsilding atid prelliises at 4A Clarendon Rise. Fundrai.sing will Lommcnce when the land is available for sale, The Tnjstees have success11Y raiged fuiids in the past io build the Sivan Centre and the new Teniple. Page 2
LOIN'DON SIVAN KOVIL TRIJST REPQRT OF THE TRLTSTEES FOR THE YEJIR ENDED 31 DECEMBER 2024 F1Tr4ANCLIL KLViLW b in4ncial positioo Financial Highlights - Year Ended 3 1st December 2024 Cash Reserves: Cash ai bank aud in hand iThcre&%ed to £1.036.259. COTnpared £757.760 the preNious year, providing ample coveragtc lor ddy-io-day operaiional needs. Findllcidl Commilnieiits.. -llJe funds hcld in thc bank accoutji havc bccn sp¢cifiLa]l dllocatcd (o ensure tlie acquisiuon and saleguardinE of the Temple premises, underscoring a steadfa.st financial dedication to the temple'f long-tenn probperity. These fin<inces are eanllarked exclusively for the purpose of purtyh¢L8in¥ the ieTnple prcmi%c% wlien the opportunity arises for Ihe acquisilion of the land. This careful EllncIal planning demonstrdlva a lTrlralegxc approach Io securing the templ¢'s filture, ali&rnin&F with the icmple's objectives aod visioii. Loans From TNstccs- Loans from trustec% were reduced lo £Nil, slioH'casillg 3 posi11e fuiancial treod. Surplus of Income= The slalement of financial activities reveals a surplus of £201,1176 ovcr expcndilure. compared to a Surplus of £1 50,760 in the prcceding year. Debtor Management: Diligent efforts to manage debtors have limil¢d the debiop*' balance lo £18.502. reflecting effective financial adminis(ra(ion and Lolle¢lion siralegie8. Adjustment of Don&tion-. Public donation of £6.000 has been remoi'ed frorn the acLounts, as thc cheque was dishonoured bs the bank in ?012. There is no serviLL provided, Il was a pure donation that failed. l-.undinb Sour¢e.s'. Apprnxijnately half of the income ss sourced from donatiOTL%. rel7lIngF £tron&F community support, while the other hulf is gencratcd from various charilablc activities. These fmancial bighlighis underscore the Trusi's responsible finanbial m41nagyemenl, a strong comi))illnent io the Temple's future. aThd efforts tt) maiThtain a soulld financial position .LIe advancin¥ the charitable objeclives of the organi£ation. I'age 3
LOIYDOIN SIVILry KOV'IL TRLSI. REPORT OF THE TRUSTEF..S FOR THE YEAR ENDED 31 DECEMBER 2024 FIN'ANCIAL REVIEIV Reserves policy T]ie TNstees hav¢ wnducicd a thorough review of the reSeeS, and tbe sununaTized amounts are rounded For clarily. On average. the monthl). income has consistently exccedcd the monthlv expenditureq, resulting in a surplus. This surplu% 1% allocatcd towards fL'payinL, bank loan% aDd ¢.8tabli8hing u dcdicatcd fund for the ev¢ntual purchasc of the Tcmple building and its premiscs. A reserve of £75:(K)O is maintained in thc bank's current a¢¢ounl and dcbtor balance.s. ThT8 reserve sern'es as a safeguard lo cover ios12nces when day-io-day expendiwres exceed ihe income. preentinO Ihe 8¥¥ounl from going overdrawn. Additionallv. atl amouni equivalcni 10 iwo llkollths, average expenditure, lolaling £75.000, is sel aside as a prudejit reserve. Morcover, a separate lund of £75.000 is earn)arked specifically for crnergency repairs and mainienanLC to ensure the ongoing upkeep and maintenance of (he Temple premises. This allocaLion demonstrales a commitment lo addreising unexpected repair needs promptly and fflaintainin the inlegriry of the Temple propery. The Trnsiees hold regular reviews of the fu1¢ial siatus The policy on holding resen'¢% includ&% the folloing= r'xcludc frorn Teserves £ Reserves £ Tothl fidS TanLTibl¥ fixed a55eis no( av<iilable fur gJencral pu4x)ses Lcss relaicd loans repay3ble within one year Less Telal¢d loans repayable after onc year Committcd if cmrrgcncy repairs are needed to the premi8es Committed bank balaTECC for Temple buildtng Committed for thc rcpayment of mistec loans 2.650,778 1.602,683 75.000 900.000 2 577 683 {2.577,683) Actual reserves Reserve8 policy amount 75.000 FLTLIiE PLA's )e Trusrees anticipat¢ thc nccd for fijture decisions regardin8 capital cxpendilurc. aiming to secure the freehold of the Temple buildino and addrcss any additional construction requirements. Hi%tOTically. such capital expendibjres have beui rinanccd through a combination of comrnittcd funds, banL. loans, loans from Twslees, 8nd Fundraisitkg clforts. Strucwre, Governance, and Managemeni: The charity is govemed by its gioverning document, a deed of trust. esiablishing it a5 an unincoTporated charity. The consti¢101) docum¢nt wa% initiallv cnacted on 19th Septcmbcr 1993. the trust was fornially d¢¢larcd on 27th February 1995. The documenl originally named fourtccn Irustces, with a stipulaied rJnge OF irustees being betwccn a minimum of fourteen and a MlmuM of thirty-lwo. In an eftTori lo enhance governance prdctiLes. the LOIL%li1iOn was amended on 24th July 2000, incorporaiing a confidential eleciion process for the selection of otrice beareis. Ihereby ensuring transparency and efticiencN' in leadership appointtnents. Pagc 4
LONDON SIVAN KOVIL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 .%TRUCTURE, GOVERIYANCE AND MANAGEMENT C Ii&l l'it) Lonstitution "I"lie Lhai-il> s consiitution outlines its fundamental principles and operational guidelines. Piii-pose.. I"IIL Ii'iisiees are enti-usled with establishing and maintainingT a Sivan Temple in Soutli East London, followin<J IhL' Ir<iil iiions of Saiva Temples observed in Sri Lanka and Taillil Nadu, India. The trust fund and its income are to be lili l iiLd lor Il)e advaiicemenr of the Saiva (Hindu) relioion and other charilable purposes that benefit the coinmunity. as II¢iLI-l)i ined by the trusiees. OriJ&iiiisalional Structure: cll'_io-day iiianagement is directly handled by the trustees and is not delegated to employees. The Trust mainiains ali 01-Il<iiii£ed office with administrative siaff employed by the Trust. TIIL iriisiees have elecied a chairperson. secretary, treasurer, and appointed an internal auditor. I"li¥l'L ai'¢ special ized sub-commillees.. A biiildinLi and fiiiance sub-committee for Capital expenditure and related financing guidance. A Loiniiiuii ity service sub-coininittee for providing services and support to Ihe local community. ciiliural aciivity sub-commillee overseeing the Temple's Saturday Tami5 School, operated on the Trusi's Pl'Lriiises. The pro17ress of all sub-comn)itlees is coordinated by the Temple rommittee and reported to the main bocll'd < board meetings. DL'L isiuil Making: '[ I'iisliLS collectively oversee decisions and transactions by attending the Temple office throughout the year. SL)11)i Im iiiol. decisions regarding small I'alue purchases are delegTated 10 Ternple staff. -riiL Lli<iifpii'son holds overall r¢sponsibility for the Trust's affairs. presiding over various meetings. I'IIL seLreiary manages day-to-day administration, execution of resolutions, and liaises with sub- Loiiiiiiiiie¢s, coordinating progress and collecting reports for the Board of Trustees. 'ri)L' IfLasui'er maintains all accounls related to the Trust'5 affairs, which are then approved by the board at bi- l)L'L ision-iiiakino is conducted by secret ballot using a simple majority of votes. and the chairperson has a casting vote iii IIIL. L'VCIII Ot a tie. liid UL'tioii aiid Training: NL'li. Ii'iisiees are provided with the Charity Commission publication "The Essential Trustee: what you need to k110I4'. 11,13at you need to do,, and are expected lo read it. Addilioiially, new trusiees undergo an orienlalion, spending time with the chairperson. secrelary, and treasurer to L)aii) ctii overvieH' of each office holder'5 responsibilities. "l-li 1.4 sli'iiclure and oovemance fram¢work provide a clear guideline for the functioning and decision-making iji-occsses iviihin the charity, ensuring ils effective operation in alignment with its intended objectives. Page 5
LONDON SIVAN KOVIL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Ke!, Management Remuneration: "I'lie ti'usl does not have key managemenl staff. The focus is on ensuring that administrators and religious workers are Loinpeiisated with reasonable salaries. Widcr Network.. 'riie 'friisi is a member of the Federation of Saiva (Hindu) Temples of the United Kingdom. However, this membership diiL4 1)i)I inlluci)ce the operaiing policies of the Trust. Related Parties: -ri)c Trii8t provides support to an orphanage in Sri Lanka where eighteen residenl girls receive education and reside. A dedicaied team of helpers and staff are present in the facility. Ili8k Managyemenl: "I'he trustees are proactive in identifying and addressing various risks to protect the inierests of the trusl.. l. ood saleiy risks are miligaled through slaff training at)d advice from the Local Auihority Environmental Healili l)ep¢)fiiiiL'III. l-. ir< saleii risks are addressed by following advice from the London Fire Brigade. Ri%k% rcl<iied 10 income misappropriation and unauihorized expenditure are managed through careful moniioriiig and Lllqlll'IIIL? "I'LIII(Ilion i)r duties. l< isk% S8OCliiled with capiial expendiiure projects concerning buildings and lease are miligaied by leveraging the ti'ii%lLL%' skills in cngineering. conslruction, and business management. R i%k% concerninLT the wellbeing and safety of Ihe eighteen girls in the Sri Lankan orphanage are managed Ihroug?li regJLilar Iriislcc vi.5115. rcpons. and oversight by medical professionals. and comprehensive follow-ups. 'riiesL' i)ieasures showcase the Irustee5' comniitment to risk management and safeguarding the trust's operalions and IIiosL It 4LI'kL%, Page 6
I.ONDON SIIIAN KOVIL TRUST REPORT OF THE TRLSTEES FOR THE I"EAR ENDED 31 DECENIBER 2024 REFEREliCE IiDMtNISTRA TIVE DETAILS Registered Charity number 1051516 Principul Jddress 4A Clarendon Ri%c Lewisham Loiidon SL13 5E,S REFERENCE AND ADMINISTRATIVE DETAILS Tru¥tevs Dr T Sriskaudarajah Mr S Sukumar Mrs PV Gengatharan Chairp¥rson Secretary Trrasurer Mr.N Sivasubrao]ania I r S Yogarajali Dr S Siva[ha5] Mr A Raveeodran r S Pcirarajasiiigam Dr {Mrs) V M Karun4lkarnn (deceased in JaDuary 2025) Mr G Manoharan Dr S Navarainam Mr S Paraineswaran I rT Ratheskumar Mr S Suiliaharan Mrs R Sritharan llldependeDI txAminer Vanniasingam Sa.shicumarr ACMA. CCyiMA AA-Ac¢ounung and Business Solutions Associates 267 Haydons Road Wiiiibledon London SW19 8TY Approve by order of the board of trustccq on 09 Octobcr 2025 and .$igned on its behalf by.. ri5kandarajah - Chaitp¢r.' Page 7
INDEPE.YDENT EKiNffiYERIS REPORT TO THE TRL'STEES OF LONDON SIVAfi KOVIL TRUST Independent exaniiller'5 report to the trllste¢s ol LONDOli SIVAN KOTrIL TRUST I report on the accounLs of ihe LONDON SIVIIN KOVIL TRUST (the Trusi) for the year ended 31 December 2024. Respective responsibilities of trustee5 and examiner The tnjslees are responsible for Ihe preparation of ihe accounL%. The tru.gtecs consider that an audit is not required for Ibis year under section 144(2) of the Chari(ies act 2011 (the 201 I Act) and that an independent examination is needed. The chariry's gros5 income excc¢dcd £250,000 and l am qualified to undertake the examin31ion by being a qualified mcmber of Chariered Insli(uLe ol Managemenl ALLounw)ts'. Hal'ing Satisfied myself thill th¢ chariry is nol subjeci io an audit uuder company law and is eligible for independent examination, it 15 my responsibility to: xarnine the accounts under section 145 of the ?0 I l Acl= Follow the procedures laid down iti the general DirectioTrs given by the Clwity Commission under section 145(5)(b) of the 201 l Act: State whether particular matter have come to my altention BASIS uf illdepcndcnt examiners statement My exainal10ll was catTied oul in accordance with general Direcilo given by Ihe Charity Collllnission. An examination includes a review of the accounting records Lept by the charity and a comparison of the accoun presented with those records. It also includes consideration of anj unusual items or disc105ures in the accounts. and seeking explanations. from you as tnLStees concetning aT]y Such mattcrs. Thc procedures undertaken do not provide all the evidencc thai would bc rcquired in an audit. and consequenily nn opinion is gii'en as to wheiher thc accounts pr¢seni a "true and fair view" and the report is I11{ed to those maiierg sel out in thc .stalement below Vanniasiogam Sashicumarr Ac CGMA -Accoullting aThd Business Solutions knociates 267 Haydons Road Wimbledon London SW19 8TY 09 October 2025 Page 8
LONDON SIVAN KOIIIL TRUST STATELI.IENT or FINANCLAL IlCTII.'ITIES FOR TIIE YEAR EIN'DED 31 DECEt*IllER 2024 9024 Total tund.s 2023 Total funds UnreslriLted tiincl. Restricted tund Notes tNcoftrlE èknND ENDOITr'MENTS FROM Donaiions and legacies ChllritAble actiTrities TeJnplc AcliviLies {Ullreblricied) 446.233 446,233 511,243 374,092 374,092 245,849 Invesinient income 15,082 6,553 Total 835,407 835,407 763,645 LXPENDII'UIiE OIY Chnrilabl¢ nctiiryties TemplL Ailivili&% (UnreslriLlcd) 633,531 633.531 612.R85 TotAI 633,531 633.531 612.885 NLI. INCOME 201,876 201,876 150,760 RECONCtLIATlo, or FL'NDS Total funds br()ught foriyfjrd I,R88,134 560,769 2,448,903 2,298,143 TOTAL FUNDS CARRIEf) FORWARD 2 090010 560 7()9 2 650 779 2 448 903 The notes forin pan of ihese finaiicial stateinents Page 9
LONDON SIVAN KOVIL TRLST BALANCE SHEET AT 31 DECEIIIBER 2024 2024 .1 olal funds 2023 -I"otal ndS Unre51ricted tun(Ls Restricled fund Notes FIXLD ASSETS Tangible assets 10 1.041,914 560,769 1.602,683 1.650.194 CURREPIT ASSETS Sio¢ks Debtors Lash at bank and in hand 2,600 2,600 35,763 1036 259 2.450 55.952 757 760 12 1,036.259 1,074.6a? 1,074.622 816.161 CREDITORS Amounts lallingi due wiihin one year 13 26,526 26,526 17,452 NL'f CURRENT ASSETS 1,048.096 1,048,09C? 798.709 TOTAL ASSETS LESS CURRENT LIABILI'fiES 2,090,010 560.769 2.650.779 2.448.903 CIiEDII'ORS Amount% fdlling due afier more Ihan one year LYET ASSETS 2 090 010 560 769 ? 650.779 2.448 903 17 Unru.slriL(Ld funds Restricted funds 2,090,010 560 769 1,888,134 560 769 TOTAL FUNDS ? 650 779 2 448 903 The fmancial statements were approv by th¢ Board of Truslecs on 09 October 2024 and wer¢ signed on its behalf by: 'LJu -41 Dr T. Sriskandarnjah -Chaifpersi fvlr5 P V (ycn&Tatharan - Trcasurcr Thc noles fonn part of these [ancial siateu]enis Page 10 ontinued...
LONDOIN SIVAN KOVTL TRUST CASH FLOII, STATF.,NIENT FOR THE YEAR EE*DED 31 DECEhqBER 2024 2024 Noies Cash floiv5 from operating activitie5". Casli generated froin operations Intere8t paid 317.272 199,Cfr64 3,092 Net cash provided by (used in) operating activlties 317.272 202,156 Cash nuws from inveslillg activities: Intcre5t reccivcd Addilion of red assels (15,08?) 123.6911 (6,552) 20.807 Net cash prosided by (used in) inve5tlDg activitie5 (38,773) (27.359) Casli floivs from fiDaneing activities: Loao repayments ill year 127.541) Net eash proN'ided by (used in) fwancillg aetiiqlies (127.5411 Change in casb alld cash equivalents in the reporting period Casli and cash equivalents at the be%inniu% of the reporlillg perlod 278,499 47,255 757 760 710,505 Cash and cash equivalents at the end of the reporting period 1036.259 757,7C)O The notes form pan of ih¢5c financial slatcmcn15 Piige I I
LONDON Sty KOVIL TRUST NOTES TO THE CASH FLOW STATEf*IENT FOR THE YEAR ENDED 31 DEcE[BER 2024 RECONCILIA'I"ION OF NET INCOME TO NET CASTrI FLOW FROLYI OI>EIL4'fll4G ACTIVITIES 2024 2023 Net illcome for tlie reporting period (as per the statement of finuncial YLtivilies) Adjustments for: 201,876 150.760 Increase in slock Decr¢a%d(inGrease) in debtors (Dc¢reasc)Itncrease in creditors Inl¢re81 received InlLresl paid Deprecialton cl)arges (150) 20,189 9.073 15.082 (180) (3,9071 (22,485) 6,552 (3,092) 71,414 71,202 et ¢8sb provided by (used in) opera(ing activities 317.272 199,064 Page 12
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Income
All incomc is rccordcd iii Ihc Si(IIL'inciit of i-inanLial AcliviliLS oncc ihe charily h
I.ONI)ONI SIVAN K()VIL TRUST N()'I'b:S"I'() 'I'IIF: FIINANCIAI. STAI'b.MTr:N'l'S- CONI TINUF.I) '()R I'llb. YF.AR ENDF.D 31 1)fi CF.MIIER 2024 D()NA'I'I()NS ANI) LF:CACITr:.S 2024 (iifi aid AbcsegTam Arch(Inai Undiyal l>ublic l)onations l)ccoriilivc ilcins '[ I'uslee l)onalions ()Iyhdiiac?e in Sri I,anka l)ublic l)onations Orphanage in Sri l.ankd '] rustcc l)onaiions 15,701 91,076 211,873 75,427 73,743 171,185 19,978 19,529 11,015 5,387 800 23,691 8,306 6,798 525 446,233 396,925 INVb.STMF.NT INC()Mb: 2023 Depvsil (Iccounl inlcrc5t 15.082 6,553 INC()Mf. FROM CIIARI'I'ABLTr: ACTIVII'111 S Activity -1 cinplc Aclivilic5 (Unreslricled) .1 Lmple Aclivilic5 (Uiirestriclcd) -] emplc Aclivities (lJnrc51ricicd) -] cmplc Aclivilics (Unreslricled) '] Lmi)IL Aciivitics (Unreslricied) .1 Lmi)l¢ Aclivitics (Unreslricied} .1 emple ALlivilic5 (ljiircslriclcd) 'rcinplc Aclivilics (ljnrcsiriclcd) .1 emple Aclivilic.s (lJnrc5lriclcd) '] ¢mple Aclivilics {Unre5triclcd) '] emple Aclivilics {Unrestriclcd) .1 cmplc Aclivitics {lJnrc5triclcd) .1 ¢mplL' Aclivilics {Unreslriclcd) -l-cmplc Aclivilics (Unrcstricicd) .1 cmplc Aclivilics {Unreslricled) .1 LmplL ALlivilics (Unrestriclcd) 'I'cmple AciiviliL'% (ljnrcstriclcd) .1 cmplc ALlivilics (Unreslriclcd) l)arasardum Weddings Cleaiiin(J Ch(Irucs Arch(Inai Items Abiskc(I Iicms ()u15idc Service Ilcnl Sivan Ccntrc and Ndvdlar Ilcnldl Incomc Miildi Calciid(Ir/ t3ook Sale Carl I'ooj8]Soruttal Siva Kuruk¢il I, eslival Lvcnt5 Melain Charocs 117,085 200 77,944 24,541 22.781 39,561 44,140 4C),61) 2B,854 14,998 2,754 10,800 28,250 27,293 6,725 4,252 39,195 2,158 14,242 39,900 27,1178 6,825 4,813 53,753 IILni InLome fTom cmployccs Scliool I. undrdisin Miscellaiicous Incoinc 3,956 2,968 374,092 )60,167 l)age 14
LOISDON SIVAN KOIFIL TRIIST
NOTES TO THE FIN¢KNCIAI. STIlTENIEN'TS - cofiTTh'UED
bOR THE YLAR Eh'DED 31 DECEfvtBER ?024
CIIARITABLE ACTIIIITIES COSTS
Direct c(Trsl
Support c()51.8
(Scc nolL 6)
-I'oials
Tcmplu Allivilics (UnrL%lriLILd)
612.192
21,339
633,531
SUPPORT CO.8TS
Govcrnaiice
Mandg¢mcnl
r,inanLL
Toials
Teiiiple Activities (Uw'esli'icled)
3.4?9
6.745
11.165
21,339
TRUSTEES, RbMUNERATIOYL AND BENLIIITS
Th¢re were no Irusl¢¢s' remunLrution ur otlier benefits for ihL yLdr ended 31 Deccmbcr 2024 iior for (he year
ciidcd 31 DLccmber 2023.
'I'riistees' expenses
'I'hcre M'ere no Iruslecs, ¢xpcn.SLb pyid for ihe year endLd 31 DLLLmber 2024, nor lor tlie year eiided 31
Dcc¢mb¢r 2023.
STAFF COSTS
'rh¢ sulJriLs ofpriL'stS
LOINDOIN SIVAN KoirtL TRLTST NOTES TO THE FIN,'cIAL STATEIVTENTS - COYTIYUED IIOR'I'HL YLAR ENDkD 31 DECEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FtNANCTAI, ACTIVITIES- continiied Unresiricled Reslricled funds fund I'01 funds EXPLNDITURE ON ChAritable actiiilies Temple Activities (Unrestricted) 612.885 612,885 I"otAI 612,885 612,885 NET INCOII.IEI{LOSS) 150,760 l iO,760 RECONCILIATION OF 'u,D8 Total fund5 brought forward 2,298,143 560.769 2,8i8,912 TOTAL FUtIDS CARRIED foRWARD 2,448,903 560,769 3 009.672 io. TANGIBLE Tr IXED ASSETS Freehold property Loiig leasebold Fixtures and fittings COST At l January 2024 Addition.4 912,Q07 1,567,776 2.$2.354 23,691 2,73? 137 23,691 Ai 31 December 20?4 912007 1567 776 276 045 2 755 828 DEPRECIATION At l January ?023 Charge for ycar 66.500 2,50() 960,566 67,500 54.877 1,202 1,081,943 71,202 Ai 31 D¢ccmb¢r 2024 1.028 066 1,153 145 F.T BOOK VAI,UF. At 31 December 7023 845.507 607,210 197,477 1,650 194 At 31 DeLeTnber 2024 843,U07 539 710 219966 1602 683 Pagie 16
LONDON SIVAN K0.L TRUS'r NOTES TO THE FLYIU4ClIKL STATEM'].s- CONTknNUED OR"I"IIL YLAIi ENDLI D 31 DLCLMIJER 2U24 STOCKS 2024 ?023 Stocks ?,600 2,450 Iz. DEBI'ORS: AMOUNTS IIALLLNG DUE WITHIN OJNE YEAR 2024 2023 Prepayment and Cash in Iran%il Debtor5 17,2()1 18.502 17,073 38,879 35,763 55.952 Page 17
LONDON SIVAN KOVIL TRUST Tr*'OTES TO THE FP4ANCIAL STATEL¥IENTS - CoTr4TI,uED FOR THL I'LAR LNDED 31 DECLMBLR 2Q24 13. CRFDITORS: ALVIOUNTS FALLING DUF. WITH1Tr4 ONF YEAR 2024 2023 Baith loa1 and overdrafts (see note 15) Trusrec loans Other creditors 26,526 26,526 14. CREI DITORS: ANL IOUTh TS FikLLING DUE Al¢TER MORE TIIAN OINE YEAR 2024 2023 Bank loans (see note 15} Trusiec loans 15. LOANS An analy.¥is of the maturiry of loans 15 given below= 2024 2023 AinounL4 fallinLT due wiihin one year- Bank loanb Amounts falling belween one and tivo year.q'. Bank loans - 1-2 year5 AmounL8 fallinb due bclween iwo and fiN'e years.. Bank loans - 2-5 years Other loan¥ - 2-5 ycary Amount.% falling duc in more Ihan five year%.' Repayabl¢ by 1n8w1men. Bank loan4 more 5 ycar by in4(almcnts 16. SLCURF,D Df,1STS The fullowing secured debis are included ivithin credilors: 2024 2023 Bank loans - The loan was repaid iti full on 26 ' April 2023. Bank loans are seiurLd on frcchold property. Page28
LONDON SIVAN KOVIL TRUST NOTES TO THE FINANCTAL STATEI TrIENTS - CONTTh'LTED FOR THL YEAR ENDFD 31 DECEII.IBER 2024 17. IMOVEIWIENT fi IINT)S NLt mov¢m¥nt iIi fuiids Atl.1.24 At 31 12.?4 Unrestricted funds Teinple Activities {Unresiricled) 1.888,134 201,876 2,090.010 Restricted funds Sivaii Cellire Activiiies (Resiricted) 560.769 560.769 TOTAL FUNDS 2,448,903 2,650,779 Nel movemenl in lunds. included in Lhe aboi'e are as follows.. Incoming resources Resources expended Movement in funds Unrestricted fulld5 Tcmple Activities (Unre8tricled) 835,407 fi33,531 201,876 TOTAL FUNDS X35.4117 633,531 201.876 Comparatives for movement in funds Nei movcmtint in funds At 1.1.23 At 31.1?.23 Ullrestricted Fullds Tcjnple Aciivilies (Unreslricled} 1,737,374 150,760 1,88¥.134 Restricted Fund Sivan Centre Aclii'ities (Restricted) 560,769 560,769 TOTAL FUNDS 2 298 143 150 760 2,448,903 Comparative nct movemcnl in fund%. includcd in the abovc arr a4 follows.. Incomillg resources Resources expeiided Movcmcnl in runds UnrestriLted funds T¢nipl¢ .4¢tll7Rties {Ullrestricted) 763,645 612.885 150,760 TOTAL FLV,DS 763.C)45 612,R85 150,760 Page 19
LONDON SIVAN KOVIL TRUST ,NOI"ES TO I'HE FINANCIAL STATELWIEINTS - CONTllYUED roR THE YEAR ENDED JI DECENLBER 2024 IiELATED PARTY DISCLOSURES Trusiees made inieresi free loans ot £0 (2023 £0) 'I'rusiees niade ihe following donations of£8,831 (2023 £11,816) as follows.. Dr T Sriskandarajah Ll,08U {2023 £6¥U) Dr S Sivaihasan £961 (2023 £2,460) ,Ilr5 PV G¢n¥i( Ihardn £1,360 (20?3 £1.000) Dr (Mr%} V M Karunaliaran £1,320 (2023 £1,320) Dr S Navaratn41m £Nil (2023 £Nil) Mr N Sivasubraniam £460 (2023 £460) Mr S Yogar4ijali £340 (2023 £240) Mr S SLikutnar Ll,U2U (£2U23 L920) Mr S l)aram¢qwariin £25U (2023 £25U) Mr I. Railieskumar £500 (2023 £500) Mr G Manol)aran £720 (2023 £666) Mr A Raveei)drai) £ 100 (?023 £100) Mr S PararajasinbiaTn £ 100 (?023 £N'il) i TS K Srith¢iran £6?012023 £100) Mi S Siiihakaran £Nil (*0?3 £Nil) Thc Trust own8 ibL frc¢huld lund and buildings of the Orpliunugc in Sri Lanku. A local commillcc in Sri Ldnka operales tlic ojplianage aiid its bank accouiit. Ai 3 Isi Dccen)ber ?0?4 11)c bil Ilk balancc was approxiIniiiely £798. (2023 approximi%tcly £1,750). Pabye 20
,()ril)OIJ'.%IViliN K()VII,'I-IIUS'i' l)Tr"'I"Illl.Tr.l) %l"Al'Tr"Vi lTr"Ni I. ()Tr" F"IYIlN'ClIll, AC"I'IVI-I'ITr" ()II'I'IITr" YTr.AR F.NI l)b:l) 31 1)>"Cb.11111F.R 2024 202) INC()MTr: ANI) b.Nl)I)WMTr:N'I"Ii Gift aid AbL5LIU<im Ai'cliaiiai lJndiycil l)ul)IiL I)oniltions l)ccoi'alii'c ilcin5 '[ ruslce l)onÉltions Orphan21 ge in Sri nka Public l)on<l1ions ()Iyl)aiiiigL in Sri l.anka .1 ruslcc l)oiialioiis 15.701 1)I.076 211,87J 75,427 29.357 7J,7£1.3 171,185 19,97X 19.529 6,798 525 00 44C),23i J96,925 D()n<ions 4)nd le24icie5 Ini'cslmcnt incomc l)i'p()%il acciiuiil iniL'rL%l 15,082 Cli#irildblc ALtivities 117,085 200 Wcddiiins CILdnii)() Cl)droLS Archiindl Items Abi.4c.kd IiLms ()ul.%idc %crviLL' IIL'iil %iv(In Ccnlrc aiid Nav<ilar IIL'iilal Iiicome M(Il(11 CalLiidar/llook S(Ilc Cai'/%waini l)ad<ini l)OOj<ilSoi'ullal Siva Kiirlikal I. estiv11 I'.vcnls Melill)I Cli<irnes 600 24.541 22,7¥1 39,561 44,1¢10 4(),(IlJ 2X,%54 14,1)1)8 2,754 10,8110 28,250 2,158 14.242 J9,(100 27,878 (J,X25 6.725 4,252 i9,195 IIL'iil<il Incoi)IL froin l-mployL'e Scliool I. uiidr<iisin Mi.4LL Ildncous Income 2,968 J711.092 J60.167 ul411 inc()111 illL¥ resourccs 8J5,407 76J.645 t4.Xl)b.Nl)I'fuRF. CliarilAblL' actil'ilics l.'loi¥'crs Ilirics of l)ricsls & Adinin Ilcnl ¢IITiL.d forivai'd IC),869 197,i57 44,000 25X,22C) 12.520 147.7¥0 44,000 204.JOO 'I'li 15 pauc doc% nol fonn parl ol. Ihc sl(Ilulory fin<incial .sl<ilLIiiLnis )a(FC 21
.()N'I)ON .SIV,IN K()VII. TRUST l)F.I klll.Tr"l) SI"ATF.IIF.NT ()F FIJAIN'CI.41. ACTIV11'1Tr.S F()R TIITr. I'F.,IR F"NI)F"I) 31 DTr"CF..I1BF_R 2024 ?0?4 ?02) ChAril41 ble activities 13roughi fonvard IIcLruilineni & ir¢iinino cost l)rasaihain / Cooking l-L%Iiv(Il l..xpcnses I'unLfcil Itcms IIL fiisL LC)I leLtion ,Val(ii Cosl Insurdnc¢ l.igyhi and I Icat 258,226 9,699 204,300 4.9.50 34,171 1,160 4,488 10,4i5 541 8,978 17,2i2 28,059 1.842 4.850 60,592 20,906 2,441 4,550 18,769 ,MLlam Ilcpairs Al)iseka ItClTIS ArLhiill¢)i Iicins l)uniltion lo I lindu Organisations l)LpfLCldtiDIi Clcdning '] ransfcrs lo Sri l.anka Orphanaue 25.416 I,iOO 71,202 8.900 71.414 18.819 17,495 -] LaLhinu l)il)'mcnls 7.085 10.365 2,335 5.231 Other 5.678 606,446 579,155 l)IhL'r .1 cmplL 11()()k5 l.odn iniLfc5t 13(Id debis ivrilc ofr Sccuriiy cosls Sundryw cipcn5CS 1,700 3.092 1.776 1,226 1,042 5,746 7,4)4 .%uppiirl c()sls ManAkJCnlLnl -[ clLphonL l)oslagL' <ind stiilioncry l-l- Support -1 rdll5PUrt 1,325 1,028 1,305 1,592 1,2)8 140 4,li5 F"in4incc 14ciiik charL?cs (pl)VL'rnJncc costs IndcpLndLni l..xaininalion fccs AccoUntIncY Fees l.cgdl fccs 6.745 6,105 2.000 i,795 2,000 4,252 9.764 1,165 16,016 otal rc5()urees cxpcndcd 633,531 612,885 Nel ine(Imell1.055) 201.876 150.760 'his paoc does not forni part of the slaiulory financial statements 1)4ioe 2?