REGISTERED CHARITY NUMBER: 1092252
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 FOR
KARPHAHA VINAYAGA TRUST
Param & Company Ltd 44 - 50 The Broadway Southall Middlesex UBI 1QB
KARPHAHA VINAYAGA TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
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|Page|
|Report|of the|Trustees|1|to|3|
|Independent|Examiner's|Report|4|
|Statement|of Financial|Activities|5|
|Balance|Sheet|6|
|Notes|to|the|Financial|Statements|7|to|12|
|Detailed|Statement|of Financial|Activities|13|to|14|
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KARPHAHA VINAYAGA TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025
The trustees present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective | January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
The charity advances the Hindu faith by providing a place of public worship and religious activities, including festivals such as Ganesh Chaturthi. The temple is open to the public and promotes community participation, cultural awareness, and social cohesion.
FINANCIAL REVIEW
Reserves policy
The Trust's policy is to maintain unrestricted funds in the form of free reserves, at a level that equates to approximately 12 months of operational expenditure, to organize regular events/activities and to raise funds to facilitate the establishment of a permanent building or premises for Temple which can be used by community. .
FUTURE PLANS
The trustees plan to continue developing the temple’s facilities and services to better serve the local community. In the forthcoming period, the organisation intends to undertake improvements to the temple premises, including maintenance and potential expansion of prayer and community spaces, subject to available funding.
The temple also plans to enhance its cultural and religious activities, including increased participation in festivals such as Ganesh Chaturthi and community outreach programmes
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is controlled by its governing document,a deed of trust dated 29th May 2002 and constitutes an unincorporated charity.
Organisational structure
The trust is governed by Board of Trustees who are responsible for the day to day management of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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KARPHAHA VINAYAGA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Objectives and aims
The charity's objectives are set out in the trust deed and include the following:
-
To promote the Hindu faith, including its doctrines, scriptures, and practices through assembly, worship, and discourse. - To establish, maintain, and manage a Hindu Temple and Cultural Centre for religious, social, and cultural activities accessible to the public.
-
To provide facilities for religious functions and the performance of religious rites in accordance with Hindu beliefs.
-
To create a meeting space for Hindus and individuals interested in learning about Hinduism.
-
To advance traditional Hindu cultural activities, religious studies, and performing arts.
-
To provide facilities and actively coordinate social care, interactions, friendship, and goodwill within the wider community. - To form a charitable and educational organization aimed at promoting social, cultural, and religious principles and practices.
-
To conduct educational programs for both children and adults based on Hindu values and traditions.
Volunteers
The charity relies greatly on volunteers and community support. The trustees would like to thank all those volunteers for their valuable contribution.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they have continued to adopt the going concem basis concept in preparing the financial statements.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1092252
Principal address
2-4 Bedford Road
Walthamstow Essex E17 4PX
Trustees
Mr M Gopalakrishnan Dr C P Thiagarajah Mrs A Sakthivel
Independent Examiner Mr.S Paramaguru FCCA Param & Company Ltd 44 - 50 The Broadway Southall Middlesex UB1 1QB
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KARPHAHA VINAYAGA TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025 Approved by orderof the board of trustees on2i/03)2026... and signed on tts behalf by: Mr M Gopalakrishnan - Trustee .
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———ee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KARPHAHA VINAYAGA TRUST
Independent examiner's report to the trustees of Karphaha Vinayaga Trust I report to the charity trustees on my examination of the accounts of Karphaha Vinayaga Trust (the Trust) for the year ended 31 May 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 ofthe Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member ofa listed body. I can confirm that | am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I 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:
- accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts 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 accounts to be reached.
Mr.S Paramaguru FCCA
Param & Company Ltd 44 - 50 The Broadway Southall Middlesex UBI 1QB Date: 3). Jo3/ 2.026
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KARPHAHA VINAYAGA TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025
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|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|277,247|283,772|
|Charitable|activities|
|Ticket Sales|58,010|38,922|
|Total|335,257|322,694|
|EXPENDITURE|ON|
|Raising|funds|2|206,078|209,661|
|Other|97,070|66,889|
|Total|303,148|276,550|
|NET INCOME|32,109|46,144|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|1,246,957|1,200,813|
|TOTAL FUNDS CARRIED FORWARD|1,279,066|1,246,957|
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The notes form part of these financial statements
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KARPHAHA VINAYAGA TRUST
BALANCE SHEET
31 MAY 2025
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|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|fund|funds|
|Notes|£|£|
|FIXED|ASSETS|
|Tangible|assets|6|981,485|979,590|
|CURRENT ASSETS|
|Debtors|7|2,200|-|
|Cash|at bank|and|in|hand|499,327|493,743|
|501,527|493,743|
|CREDITORS|
|Amounts|falling due within|one|year|8|(16,337)|(14,445)|
|NET CURRENT ASSETS|485,190|479,298|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|1,466,675|1,458,888|
|CREDITORS|
|Amounts fafling due after more than one year|9|||(187,609)|(211,931)|
|NET ASSETS|1,279,066|1,246,957|
|FUNDS|11|
|Unrestricted|funds|1,279,066|1,246,957|
|TOTAL FUNDS|1,279,066|1,246,957|
|The financial|statements|were approved by the Board of|Trustees|and authorised|for issue on al|fos)|aer4....|
|and|were signed on|its|behalf by:|
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The notes form part of these financial statements
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KARPHAHA VINAYAGA TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
For donations to be recognised the charity will have been notified of the amounts and the settlements date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost Fixtures and fittings - 15% oncost Computer equipment - 15% oncost
Taxation The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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KARPHAHA VINAYAGA TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MAY 2025
2. RAISING FUNDS
Raising donations and legacies
| Raising donations andand legacies | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Supportcosts | 190,028 | $1,512 |
| Investment management costs | ||
| 2025 | 2024 | |
| £ | £ | |
| Supportcosts | - | 2,064 |
| Aggregateamounts | 206,078 | 209,661 |
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.
- 4, STAFF COSTS
No individual employee received emoluments in excess of £60,000 during the year ended 31st may 2025 nor during the year ended 31st may 2024.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME ANDENDOWMENTS FROM | |
| Donations and legacies | 283,772 |
| Charitable activities | |
| Ticket Sales | 38,922 |
| Total | 322,694 |
| EXPENDITURE ON | |
| Raising funds | 209,661 |
| Other | 66,889 |
| Total | 276,550 |
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KARPHAHA VINAYAGA TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MAY 2025
| 5. | COMPARATIVES FORTHE STATEMENTOFFINANCIALACTIVITIES | COMPARATIVES FORTHE STATEMENTOFFINANCIALACTIVITIES | COMPARATIVES FORTHE STATEMENTOFFINANCIALACTIVITIES | ACTIVITIES - continued | ACTIVITIES - continued | |
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| fund | ||||||
| £ | ||||||
| NET INCOME | 46,144 | |||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 1,200,813 | |||||
| TOTALFUNDSCARRIEDFORWARD | 1,246,957 | |||||
| 6. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| Freehold | Plantand | and | Computer | |||
| property | machinery | fittings | equipment | Totals | ||
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| At I June2024 | 964,433 | 7,100 | 13,160 | 5,974 | 990,667 | |
| Additions | - | 11,976 | - | - | 11,976 | |
| Reclassification | (4,875) | - | - | - | (4,875) | |
| At 31 May2025 | 959,558 | 19,076 | 13,160 | 5,974 | 997,768 | |
| DEPRECIATION | ||||||
| At 1 June2024 | - | 1,605 | 4,992 | 4,480 | 11,077 | |
| Charge foryear | = | 2,336 | 1,974 | 896 | 5,206 | |
| At 31 May2025 | - | 3,941 | 6,966 | 5,376 | 16,283 | |
| NET BOOK VALUE | ||||||
| At31 May2025 | 959,558 | 15,135 | 6,194 | 598 | 981,485 | |
| At31May2024 | 964,433 | 5,495 | 8,168 | 1,494 | 979,590 |
Certain expenditure relating to repairs and renewals (4875) had previously been capitalised within building costs. Following a review, amounts not meeting the capitalisation criteria have been reclassified to expenses in the profit and loss account
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KARPHAHA VINAYAGA TRUST
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|---|---|---|---|---|---|---|---|---|---|
|NOTES TO THE|FINANCIAL STATEMENTS-|continued|
|FOR THE YEAR ENDED 31|MAY|2025|
|7.|DEBTORS:|AMOUNTS|FALLING|DUE WITHIN|ONE|YEAR|
|2025|2024|
|£|£|
|Other|debtors|2,200|-|
|8.|CREDITORS:|AMOUNTS|FALLING|DUE WITHIN ONE YEAR|
|2025|2024|
|£|£|
|Other|creditors|16,337|14,445|
|9.|CREDITORS:|AMOUNTS|FALLING|DUE AFTER MORE THAN ONE|YEAR|
|2025|2024|
|£|£|
|Bank|loans|(see|note|10)|187,609|211,931|
|10.|LOANS|
|An|analysis|of|the|maturity|of loans|is|given|below:|
|2025|2024|
|£|£|
|Amounts|falling due|between|two|and|five|years:|
|Bank|loans|-|2-5|years|187,609|211,931|
|11.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.6.24|in|funds|31,5.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,246,957|32,109|1,279,066|
|TOTAL|FUNDS|1,246,957|32,109|1,279,066|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|335,257|(303,148)|32,109|
|TOTAL FUNDS|335,257|(303,148)|32,109|
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KARPHAHA VINAYAGA TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MAY 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.6.23|in|funds|31.5.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,200,813|46,144|1,246,957|
|TOTAL FUNDS|1,200,813|46,144|1,246,957|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|322,694|(276,550)|46,144|
|TOTAL FUNDS|322,694|(276,550)|46,144|
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A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|
|Net|
|movement|At|
|At|1.6.23|in|funds|31.5.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|1,200,813|78,253|1,279,066|
|TOTAL|FUNDS|1,200,813|78,253|1,279,066|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|657,951|(579,698)|78,253|
|TOTAL|FUNDS|657,951|(579,698)|78,253|
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KARPHAHA VINAYAGA TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MAY 2025
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2025.
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KARPHAHA VINAYAGA TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| INCOME ANDENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 277,247 | 283,772 | |
| Charitable activities | |||
| Ticket£ 1 | 46,209 | 30,430 | |
| Athmashanthi £ 5 | 3,405 | 2,785 | |
| Oil Lamp £ 1 | 8,396 | 5,707 | |
| 58,010 | 38,922 | ||
| Total incoming resources | 335,257 | 322,694 | |
| EXPENDITURE | |||
| Other trading activities | |||
| Purchases | 16,050 | 13,580 | |
| Mortgage | - | 18,011 | |
| 16,050 | 31,591 | ||
| Other | |||
| Flower | 11,622 | 13,449 | |
| Fruits and Vegetables | 29,388 | 16,234 | |
| Food and Grocery | 50,854 | 33,271 | |
| Plant and machinery | 2,336 | 1,065 | |
| Depn offixtures & | fittings | 1,974 | 1,974 |
| Depn of computer equipment | of computer equipment | 896 | 896 |
| 97,070 | 66,889 | ||
| Support costs | |||
| Management | |||
| Wages | 74,730 | 91,047 | |
| Rates | 7,411 | 6,156 | |
| Insurance | 890 | 1,790 | |
| Light and heat | 13,687 | 13,082 | |
| Telephone | 6,413 | 6,649 | |
| Postage and stationery | 1,345 | 2,141 | |
| Sundries | 20,905 | 22,236 | |
| Eventexpense | 6,720 | 6,164 | |
| Cleaning | 6,888 | 7,393 | |
| Subscription | 3,231 | 2,538 | |
| Carriedforward | 142,220 | 159,196 |
This page does not form part of the statutory financial statements
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KARPHAHA VINAYAGA TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025
| FOR THETHE YEAR ENDED 31ENDED 3131 MAY 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Management | ||
| Brought forward | 142,220 | 159,196 |
| repairs and renewals | 27,829 | 15,562 |
| 170,049 | 174,758 | |
| Finance | ||
| Bank charges | 634 | 653 |
| Credit card charges | - | 1,856 |
| Bank interest | 15,480 | - |
| 16,114 | 2,509 | |
| Other | ||
| MotorExpense | 2,365 | 803 |
| Governance costs | ||
| Legal fees& professional fees | 1,500 | - |
| Total resources expended | 303,148 | 276,550 |
| Netincome | 32,109 | 46,144 |
This page does not form part of the statutory financial statements
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