Charity registration number 1125884
EELAPATHEESWARAR AALAYAM
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
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 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 Certified Accountants |
| Accountants You Can Talk With Limited | |
| 38 Worple Road | |
| Staines | |
| Middlesex | |
| TW18 1EA |
EELAPATHEESWARAR AALAYAM
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | `5-9 |
EELAPATHEESWARAR AALAYAM
REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees present their annual report and financial statements for the year ended 31 March 2023.
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.
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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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.
The report was approved by the Board of Trustees.
Muthiah Sivapathasundaram Chairman
Dated: 16 October 2023
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EELAPATHEESWARAR AALAYAM
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF EELAPATHEESWARAR AALAYAM
We report to the Trustees on our examination of the financial statements of Eelapatheeswarar Aalayam (the Charity) for the year ended 31 March 2023.
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).
We report in respect of our examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
The Charity’s gross income exceeded £250,000 and we are qualified to undertake the examination because we are a member of the Institute of Chartered Accountants in England and Wales.
Our 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.
We 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.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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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.
We 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.
Jerrett Singh Partnership Chartered Certified Accountants Accountants You Can Talk With Limited
38 Worple Road Staines Middlesex TW18 1EA
Dated: 16 October 2023
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EELAPATHEESWARAR AALAYAM
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Endowment funds funds designated Notes £ £ Income from: Donations and legacies 2 146,916 - Charitable activities 3 298,561 - Investments 4 298 - Total income 445,775 - Expenditure on: Charitable activities 5 321,146 - Net income for the year/ Net movement in funds 124,629 - Fund balances at 1 April 2022 662,759 16,515 Fund balances at 31 March 2023 787,388 16,515 |
Total 2023 £ 146,916 298,561 298 445,775 321,146 124,629 679,274 803,903 |
Total 2022 £ 130,091 242,677 5 |
|---|---|---|
| 372,773 | ||
| 265,474 | ||
| 107,299 571,975 |
||
| 679,274 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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EELAPATHEESWARAR AALAYAM
BALANCE SHEET
AS AT 31 MARCH 2023
| 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 |
2023 £ 24,655 138,257 162,912 (3,804) |
£ 644,795 159,108 803,903 - 803,903 16,515 787,388 803,903 |
2022 £ 15,850 116,649 132,499 (39,906) |
£ 644,795 92,593 737,388 (58,114) 679,274 16,515 662,759 679,274 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 16 October 2023
Muthiah Sivapathasundaram Chairman
Company Registration No. 1125884
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EELAPATHEESWARAR AALAYAM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 amounts 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.
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EELAPATHEESWARAR AALAYAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
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 payments 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 Membership fees Other income |
2023 £ 8,592 56,645 79,760 214 1,705 146,916 |
2022 £ 12,332 44,379 65,021 214 8,145 |
|---|---|---|
| 130,091 |
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EELAPATHEESWARAR AALAYAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
3 Charitable activities
| Sales of tickets Ubayam Outdoor services Investments Interest receivable |
2023 £ 192,632 91,421 14,508 298,561 2023 £ 298 298 |
2022 £ 163,080 71,297 8,300 |
|---|---|---|
| 242,677 | ||
| 2022 £ 5 |
||
| 5 |
4 Investments
5 Charitable activities
| Other costs £ Charitable expenditure 276,396 Wages - Construction work - Other - 276,396 276,396 |
Project funding £ - 2,858 39,631 2,261 44,750 44,750 |
Total 2023 £ 276,396 2,858 39,631 2,261 321,146 321,146 |
Total 2022 £ 209,392 11,174 37,398 7,510 |
|---|---|---|---|
| 265,474 | |||
| 265,474 |
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EELAPATHEESWARAR AALAYAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 6 Tangible fixed assets Land and buildings £ Cost At 1 April 2022 486,216 At 31 March 2023 486,216 Depreciation and impairment At 1 April 2022 - At 31 March 2023 - Carrying amount At 31 March 2023 486,216 At 31 March 2022 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 - 68,892 - 68,892 158,579 - 158,579 - 2023 £ 9,500 15,155 24,655 2023 £ 2,004 - 1,800 3,804 2023 £ - |
Total £ 713,687 |
|---|---|---|
| 713,687 | ||
| 68,892 | ||
| 68,892 | ||
| 644,795 | ||
| 644,795 | ||
| 2022 £ 9,500 6,350 |
||
| 15,851 | ||
| 2022 £ - 38,106 1,800 |
||
| 39,906 | ||
| 2022 £ 58,114 |
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EELAPATHEESWARAR AALAYAM
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 10 Analysis of net assets between funds Unrestricted funds Designated funds 2023 2023 £ £ Fund balances at 31 March 2023 are represented by: Tangible assets 644,795 - Current assets/(liabilities) 159,108 - Long term liabilities - - 803,903 - |
Total Unrestricted funds Designated funds 2023 2022 2022 £ £ £ 644,795 644,795 - 159,108 92,593 - - (58,114) - 803,903 679,274 - |
Total 2022 £ 644,795 92,593 (58,114) 679,274 |
|---|---|---|
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