2024-03-31-accounts - Sree Ayyappa Seva Sangam (London)

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Sree Ayyappa Seva Sangam

Charity No. 1059478

Trustees' Report and Unaudited Accounts

31 March 2024

Sree Ayyappa Seva Sangam Contents

	Pages
Trustees' Annual Report	1
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4
Statement of Cash flows	5
Notes to the Accounts	6
Detailed Statement of Financial Activities	7 to 15

Page 1

Sree Ayyappa Seva Sangam Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1059478

Trustees

The following trustees served during the year:

Atputhanathan Kangatheepan Cumaraswamy Raveendran (Resigned 24 September 2023) Gnanasundaram Sivakumar (Resigned 24 September 2023) Kanagasabapathy (Resigned 24 September 2023) Sivasubramaniam Kumarasamy Thirurasa (Resigned 24 September 2023) Muthukumaru Thiagesapillai Anpan Nadarajah Logeswaran Nadarajah Sivakumaran Nadarajah Suresparan Premala Shanmugam (Resigned 24 September 2023) Rajja Rajagopalan Senthilraj Muthiah Shanmugam Raveendran (Resigned 24 September 2023) Shivanthan Saravanapavananthan Subramaniyam (Resigned 24 September 2023) Yoganandasivam Suntharampillai Kirubahar Sureshkumar Amirthalingam Vicknes Varakadadshan kirupaalar

Accountants

Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG6 2LD

OBJECTIVES AND ACTIVITIES

The Charity has been formed to promote advance hindu religion and worship Ayyappa.

By regularly reviewing its objectives and activities as outlined in its constitution, Sree Ayyappa Seva Sangam (London) remains focused on delivering on its purpose. In this year's review and in considering our plans for future services, we have referred to the guidance contained in the Charity Commission's general guidance on public benefit.

Page 2

Sree Ayyappa Seva Sangam Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

The objectives that steered the Ayyappa Seva Sangam were to serve the devotees who clustered in the name of Swami Ayyappa. In the late 1990s and early 2000s, the seva sangam experienced a large volume of devotees. In order to accommodate them, the seva sangam looked ardently to build a separate temple for Lord Ayyappa and finally established it in its current premises in 2007

The popularity among the devotees and volunteers is that the ancient saying in this faith as to “treat all races as equal”. This also attracted many youths who have undertaken this path to be enlightened. Most go through this enlightenment by taking the vow as fasting for 41/48 days and undertaking a pilgrimage to Sabari Malai in India. For those who cannot travel, we have paved the way to do the same pilgrimage in our premises. The pilgrimage itself is a difficult task of climbing a few mountains barefoot to reach the temple where each soul joins the supreme lord itself. This simplifies as “all are originated from one source and therefore treat everyone as the same”.

This is a great achievement in our materialised world where everyone is stressed in their live as lost souls. We teach them to regain their self-confidence and put them back as happy souls.

The best achievements so far are the youths who are the future of this earth where we teach them self-discipline, teamwork and how to fit in with all society as a multi-cultural London city. We take pride where we have turned them as they accept all ethnicities as one race and take up any challenge into a successful outcome.

Also, we not only look after the youths but also look after all age groups such as the elderly, vulnerable, addicts and even ex-convicts. We have turned them into acceptable and face any issues they were feared of.

Our challenges will be focused on shifting from one society to all in the UK and becoming a strong body where we can start to look at the whole world because the Sree Ayyappa community is growing rapidly all over the world where we can easily unite them.

FINANCIAL REVIEW

The charity's unrestricted reserves as at 31 March 2024 total £854,982 (2023: £769,778) which will be used for the purposes on which the funds were provided for.

During the year we have received the commitment of £4,853 as Donations from Several Devotees; however, this amount was still unpaid as at the end of 31/03/2024.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

Page 3

Sree Ayyappa Seva Sangam Trustees Annual Report

Nadarajah Sivakumaran Trustee 09 November 2024

Page 4

Sree Ayyappa Seva Sangam Independent Examiners Report Independent Exarniner's Report to the trustees of Sree Ayyappa Seva Sangam I report to the trustees on my examination of the financial statements of Sree Ayyappa Seva Sangam for the year ended 31 March 2024. Re5ponslbllltles and basls of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}Ib) of the Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. the accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financial statements do not accord with those records. or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ce A¢countants & Tax Consultants Ltd Ghartorod Management AGcounlanls 127 Fgncepiec8 Road. 15fotd. Essex. IG6 2LD T.. 02C8 5ty0 53891 U. 0753 5555 001 W,. ww.8c88ccount8n.C0.uK Mr.P.Valluvar FCCA Ace Accountants & Tax Consultants Ltd 127 Fericepiece Road Ilford Essex IG6 2LD 09 November 2024 Page 5

Sree Ayyappa Seva Sangam Statement of Financial Activities for the year ended 31 March 2024

Unrestricted funds	Total funds	Total funds
2024	2024	2023
£	£	£

133,181	133,181	107,785
44,672	44,672	48,743
33,390	33,390	21,110
27,622	27,622	14,845
238,865	238,865	192,483

28,198	28,198	30,215
125,463	125,463	126,347
153,661	153,661	156,562
-	-	-
85,204	85,204	35,921
-	-	-
85,204	85,204	35,921

85,204	85,204	35,921

844,546	844,546	808,625
929,750	929,750	844,546

Page 6

Sree Ayyappa Seva Sangam Balance Sheet at 31 March 2024

Charity No. 1059478 Fixed assets Tangible assets 11 Investments 12 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 13 Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 14 Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 15 Unrestricted funds 15 General funds Reserves 15 Revaluation reserve Total funds	2024 £ 94,716 1,194,700 1,289,416 68,045 68,045 (5,100) 62,945 1,352,361 (422,611) 929,750 929,750 854,982 854,982 74,768 74,768 929,750	2023 £ 95,547 1,194,700
		1,290,247 31,833
		31,833 (14,089)
		17,744 1,307,991 (463,445)
		844,546
		844,546
		769,778
		769,778 74,768
		74,768
		844,546

Approved by the trustees on 09 November 2024

And signed on their behalf by:

Nadarajah Sivakumaran Trustee 09 November 2024

Page 7

Sree Ayyappa Seva Sangam Notes to the Accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Sree Ayyappa Seva Sangam Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

useful life:
Plant and Machinery	5% Reducing balance
Fixtures, fittings and equipment	5% Reducing balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 9

Sree Ayyappa Seva Sangam Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 10

Sree Ayyappa Seva Sangam Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Other trading activities Other Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations 4 Income from charitable activities Pooja Ticket Sales	Unrestricted £ 133,181 133,181 Unrestricted £ 44,672 44,672	Unrestricted funds 2023 £ 107,785 48,743 21,110 14,845 192,483 30,215 126,347 156,562 35,921 35,921 35,921 780,712 816,633 Total 2024 £ 133,181 133,181 Total 2024 £ 44,672 44,672	Total funds 2023 £ 107,785 48,743 21,110 14,845
			192,483 30,215 126,347
			156,562
			35,921
			35,921
			35,921 780,712
			816,633
			Total 2023 £ 107,785
			107,785
			Total 2023 £ 48,743
			48,743

Page 11

Sree Ayyappa Seva Sangam Notes to the Accounts

Unrestricted £ 13,001 9,075 4,041 7,273 33,390 Unrestricted £ 27,622 27,622	Total 2024 £ 13,001 9,075 4,041 7,273 33,390 Total 2024 £ 27,622 27,622	Total 2023 £ - 5,800 4,937 10,373
		21,110
		Total 2023 £ 14,845
		14,845

Unrestricted £ 28,198 28,198 Unrestricted £ 20,636 76,981 44 16,094 831 9,857 1,020 125,463	Total 2024 £ 28,198 28,198 Total 2024 £ 20,636 76,981 44 16,094 831 9,857 1,020 125,463	Total 2023 £ 30,215
		30,215
		Total 2023 £ 17,103 73,782 113 15,534 874 7,822 11,119
		126,347

Page 12

Sree Ayyappa Seva Sangam Notes to the Accounts

9 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 10 Staff costs Salaries and wages Pension costs No employee received emoluments in excess 11 Tangible fixed assets Cost or revaluation At 1 April 2023 At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 12 Investments Cost or revaluation At 1 April 2023 At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023	of £60,000. Jewellery £ 78,933 78,933 - - - 78,933 78,933	2024 £ 831 2024 67,600 1,208 68,808	Fixtures, fittings and equipment £ 3,304 3,304 471 142 613 2,691 2,833 Freehold Investment Property £ 1,194,700 1,194,700 1,194,700 1,194,700	2023 £ 874 2023 73,782 -
				73,782
				Total £ 105,688
		Plant and Machinery
		£ 23,451 23,451 9,670 689 10,359 13,092 13,781
				105,688
				10,141 831
				10,972
				94,716
				95,547
				Total £ 1,194,700
				1,194,700
				1,194,700
				1,194,700

Page 13

Sree Ayyappa Seva Sangam Notes to the Accounts

13 Creditors: amounts falling due within one year Other taxes and social security Other creditors Accruals 14 Creditors: amounts falling due after more than one year Bank loans and overdrafts 15 Movement in funds At 1 April 2023 Restricted funds: Unrestricted funds: General funds 769,778 Revaluation Reserves: Revaluation fund 74,768 Total revaluation reserves 74,768 Total funds 844,546	2024 £ 2,754 216		2023 £ 1,657 10,500
	2,130		1,932
	5,100 2024 £ 422,611 422,611 Incoming resources (including other gains/losses ) £ 238,865	Resources expended £ (153,661)	14,089
			2023 £ 463,445
			463,445
			At 31 March 2024 £ 854,982

74,768 74,768 844,546	- - 238,865	(153,661)	74,768
			74,768

			929,750

Purposes and restrictions in relation to the funds: Revaluation reserves Represent the amount by which investments exceed their historical cost.

16 Analysis of net assets between funds

Unrestricted funds £ 15,783	Restricted funds £ 78,933	Total £ 94,716
1,194,700	-	1,194,700
62,945 (422,611) 850,817	- - 78,933	62,945 (422,611)
		929,750

Page 14

Sree Ayyappa Seva Sangam Notes to the Accounts

17 Reconciliation of net debt

17 Reconciliation of net debt
Cash and cash equivalents Bank loans Net debt	At 1 April 2023 £	Cash flows £	At 31 March 2024 £
	31,833	36,212	68,045
	31,833 (463,445)	36,212	68,045 (422,611)
		40,834
	(463,445) (431,612)	40,834 77,046	(422,611)
			(354,566)

18 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

	2024	2024	2023	2023
	Land and buildings	Other	Land and buildings	Other
	£	£	£	£
Operating leases with expiry date:
*Pension commitments*
		2024		2023
		£		£
The pension cost charge to the charity
amounted to:		1,208		-

Page 15

Sree Ayyappa Seva Sangam Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments (Decrease)/Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Cash flows from financing activities Repayment of borrowings Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2024 £ 85,204 831 (27,622) (8,989) 49,424 27,622 27,622 (40,834) (40,834) 36,212 31,833 68,045	2023 £ 35,921 874 (14,845) 27,179
		49,129 14,845
		10,680
		(44,367)
		(44,367)

		15,442
		44,304
		59,746

Components of cash and cash equivalents
Cash and bank balances	68,045	31,833

	68,045	31,833

Page 16

Sree Ayyappa Seva Sangam Detailed Statement of Financial Activities

for the year ended 31 March 2024

Income and endowments from: Donations and legacies Donations Charitable activities Pooja Ticket Sales Other trading activities Membership - Lifetime Hall Hire Sundry Sales Income Membership - Monthly Subscription Other Gift Aid Total income and endowments Expenditure on: Charitable activities Pooja Ticket Sales Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable Employee costs Salaries/wages Pension costs Temporary staff Motor and travel costs Travel and subsistence Premises costs Rates Light, heat and power	Unrestricted funds 2024 £ 133,181 133,181 44,672 44,672 13,001 9,075 4,041 7,273 33,390 27,622 27,622 238,865 28,198 28,198 28,198 20,636 20,636 67,600 1,208 8,173 76,981 44 44 3,313 10,855	Total funds 2024 £ 133,181 133,181 44,672 44,672 13,001 9,075 4,041 7,273 33,390 27,622 27,622 238,865 28,198 28,198 28,198 20,636 20,636 67,600 1,208 8,173 76,981 44 44 3,313 10,855	Total funds 2023 £ 107,785
			107,785
			48,743
			48,743
			- 5,800 4,937 10,373
			21,110
			14,845
			14,845
			192,483 30,215
			30,215
			30,215 17,103
			17,103
			73,782 - -
			73,782
			113
			113
			5,141 8,570

Page 17

Sree Ayyappa Seva Sangam Detailed Statement of Financial Activities

Premises cleaning Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Plant and Machinery Depreciation of Fixtures, fittings and equipment Bank charges Equipment expensed Equipment leasing and hire charges Equipment repairs and maintenance General insurances Postage and couriers Software, IT support and related costs Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	1,381 545 16,094 689 142 1,759 511 530 2,796 2,287 107 850 216 247 554 10,688 420 600 1,020 125,463 153,661 - 85,204 85,204 - 85,204 844,546 929,750	1,381 545 16,094 689 142 1,759 511 530 2,796 2,287 107 850 216 247 554 10,688 420 600 1,020 125,463 153,661 - 85,204 85,204 - 85,204 844,546 929,750	1,416 407
			15,534
			725 149 2,159 121 600 914 2,068 121 864 348 231 396
			8,696
			420 10,699
			11,119

			126,347
			156,562 -
			35,921
			35,921 -
			35,921
			808,625
			844,546

Page 18