**Charity registration number 1125884**
## **EELAPATHEESWARAR AALAYAM**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2021**
## **EELAPATHEESWARAR AALAYAM**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|||
|---|---|---|
|Muthiah Sivapathasundaram|Chairman|Nominated|
|Rajasingham Jayadevan|Secretary|Life Trustee|
|Nadarajah Sanmugathassan|Treasurer|Nominated|
|Shanmuganathan Thillainadarajah||Nominated|
|Perambalam Savundararajan||Life Trustee|
|Arumugam Kandiah Vevekananthan|( Died on 23 September 2022 )|Life Trustee|
|Sinathamby Sritharan||Nominated|
|Vairavan Seenivasan||Nominated|
|K Ponnambalam||Nominated|
|Loganathan Pathmanathan||Nominated|
|Sellathurai Shanmuganathan||Nominated|
|**Charity number**|1125884|
|---|---|
|**Principal address**|Pavitt Hall|
||Union Road|
||Wembley|
||Middleesx|
||HA0 4AU|
|**Registered office**|Pavitt Hall|
||Union Road|
||Wembley|
||Middleesx|
||HA0 4AU|
|**Independent examiner**|Jerrett Singh Partnership Chartered Accountants|
||Accountants You Can Talk With Limited|
||38 Worple Road|
||Staines|
||Middlesex|
||TW18 1EA|
## **EELAPATHEESWARAR AALAYAM**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|`1-2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|`6-10|
## **EELAPATHEESWARAR AALAYAM**
## **REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2021**_
The Trustees present their annual report and financial statements for the year ended 31 March 2021.
The accounts have been prepared in accordance with the accounting policies set out in note1 to the accounts and comply with the Charitys Trust Deed, the Charities Act 2011 and the 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 of Ireland (FRS 102) effective 1 January, 2015.
## **Objectives and activities**
During the year, overall activities of the charity was management of the Hindu temple Eelapatheeswarar Aalayam in London, provision of religious services and charitable socio-economic development work in the Eastern Sri Lanka.
The charity too experienced unprecedented adversities of Covid 19 restrictions and its income was halved during the year.
## **Financial review**
The Financial statement confirms stable progress of the Charity.
## **Statement of responsibilities**
The Trustees, who are also the directors of Eelapatheeswarar Aalayam for the purpose of company law, are responsible for preparing the Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 1 -
## **EELAPATHEESWARAR AALAYAM**
## **REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
The report was approved by the Board of Trustees.
Muthiah Sivapathasundaram Chairman
Dated: 9 December 2022
- 2 -
## **EELAPATHEESWARAR AALAYAM**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EELAPATHEESWARAR AALAYAM**
I report to the Trustees on my examination of the financial statements of Eelapatheeswarar Aalayam (the Charity) for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the Trustees of the Charity are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
My attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements to be reached.
Bhupinderpal Singh ACA FCCA Jerrett Singh Partnership Chartered Accountants Accountants You Can Talk With Limited
38 Worple Road Staines Middlesex TW18 1EA
Dated: 9 December 2022
- 3 -
## **EELAPATHEESWARAR AALAYAM**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**Unrestricted Endowment**
**funds**
**funds**
**d esignated**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
95,470
-
Charitable activities
**3**
120,571
-
Investments
**4**
23
-
**Total income**
216,064
-
**Expenditure on:**
Charitable activities
**5**
224,915
-
**Net (expenditure)/income for the year/**
**Net movement in funds**
(8,851)
-
Fund balances at 1 April 2020
522,811
16,515
**Fund balances at 31 March 2021**
555,460
16,515|**Total**
**2021**
**£**
95,470
120,571
23
216,064
224,915
(8,851)
539,326
571,975|**Total**
**2020**
**£**
128,065
286,040
70|
|---|---|---|
|||414,175|
|||378,802|
|||33,258
539,326|
|||539,326|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **EELAPATHEESWARAR AALAYAM**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2021**_
|**Notes**
**Fixed assets**
Tangible assets
**6**
**Current assets**
Debtors
**7**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**8**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**9**
**Net assets**
**Income funds**
Endowment funds - designated
Unrestricted funds|**2021**
**£**
15,067
50,878
65,945
(46,911)|**£**
645,069
19,034
664,103
(92,128)
571,975
16,515
555,460
571,975|**2020**
**£**
**£**
651,958
18,038
69,316
87,354
(38,305)
49,049
701,007
(120,181)
580,826
16,515
564,311
580,826|
|---|---|---|---|
The financial statements were approved by the Trustees on 9 December 2022
Muthiah Sivapathasundaram **Chairman**
**Company Registration No. 1125884**
- 5 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.4 Incoming resources**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
10% on straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
## **1.6 Impairment of fixed assets**
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.7 Cash and cash equivalents**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **2 Donations and legacies**
|Gift aid
Donations
Undiyal collections
Grants
Membership fees
Other income|**2021**
**£**
3,876
28,069
23,660
38,741
214
910
95,470|**2020**
**£**
7,067
47,183
72,654
-
214
947
128,065|
|---|---|---|
- 7 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
## **3 Charitable activities**
|Sales of tickets
Ubayam
Outdoor services|**2021**
**£**
80,121
39,875
575
120,571|**2020**
**£**
175,190
100,465
10,385
286,040|
|---|---|---|
|**4**
**Investments**
Interest receivable|**2021**
**£**
23
23|**2020**
**£**
70
70|
|---|---|---|
## **5 Charitable activities**
|**Other costs**
**£**
Charitable expenditure
197,896
Wages
-
Construction work
-
Other
-
197,896
197,896|**Project**
**funding**
**£**
-
9,190
14,463
3,366
27,019
27,019|**Total**
**2021**
**£**
197,896
9,190
14,463
3,366
224,915
224,915|**Total**
**2020**
**£**
285,799
4,201
77,980
4,695
372,675
372,675|
|---|---|---|---|
- 8 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**6**
**Tangible fixed assets**
**Land and**
**buildings**
**£**
**Cost**
At 1 April 2020
486,216
At 31 March 2021
486,216
**Depreciation and impairment**
At 1 April 2020
-
Depreciation charged in the year
-
At 31 March 2021
-
**Carrying amount**
At 31 March 2021
486,216
At 31 March 2020
486,216
**7**
**Debtors**
**Amounts falling due within one year:**
Gross amounts owed by contract customers
Other debtors
**8**
**Creditors: amounts falling due within one year**
Other taxation and social security
Other creditors
Accruals and deferred income
**9**
**Creditors: amounts falling due after more than one year**
Other creditors|**Religious**
**assets**
**Fixtures,**
**fittings &**
**equipment**
**£**
**£**
158,579
68,892
158,579
68,892
-
61,729
-
6,889
-
68,618
158,579
274
158,579
7,163
**2021**
**£**
9,500
5,567
15,067
**2021**
**£**
-
40,111
6,800
46,911
**2021**
**£**
92,128|**Total**
**£**
713,687
713,687
61,729
6,889
68,618
645,069
651,958
**2020**
**£**
9,500
8,538
18,038
**2020**
**£**
1,445
30,960
5,900
38,305
**2020**
**£**
120,181|
|---|---|---|
- 9 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2021**_
|**10**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 31
March 2021 are
represented by:
Tangible assets
645,069
-
Current assets/
(liabilities)
19,034
-
Long term liabilities
(92,128)
-
571,975
-|**Total**Unrestricted
funds
Designated
funds
Total
**2021**
2020
2020
2020
**£**
£
£
£
645,069
651,958
-
651,958
19,034
49,049
-
49,049
(92,128)
(120,181)
-
(120,181)
571,975
580,826
-
580,826|
|---|---|
- 10 -