**Charity registration number 1125884**
## **EELAPATHEESWARAR AALAYAM**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **EELAPATHEESWARAR AALAYAM**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
|**Trustees**||
|---|---|
|Muthiah Sivapathasundaram|Chairman|
|Rajasingham Jayadevan|Secretary|
|Nadarajah Sanmugathassan|Treasurer|
|Shanmuganathan Thillainadarajah||
|Perambalam Savundararajan||
|Sinathamby Sritharan||
|Vairavan Seenivasan||
|K Ponnambalam||
|Loganathan Pathmanathan||
|Sellathurai Shanmuganathan||
Nominated Life Trustee Nominated Nominated Life Trustee Nominated Nominated Nominated Nominated 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** RATNA & CO Chartered Certified Accountants 36 Tregenna Avenue Harrow HA2 8QT
## **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 2024**_
The Trustees present their annual report and financial statements for the year ended 31 March 2024.
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:
- 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; 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.
The report was approved by the Board of Trustees.
Muthiah Sivapathasundaram Chairman
Dated: 21 January 2025
- 1 -
## **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 2024.
## **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 Association of Chartered Certified Accountants .
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:
- 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.
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.
RATNA & CO Chartered Certified Accountants 36 Tregenna Avenue Harrow HA2 8QT
Dated: 21 January 2025
- 2 -
## **EELAPATHEESWARAR AALAYAM**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Unrestricted Endowment**
**funds**
**funds**
**designated**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
287,609
-
Charitable activities
**3**
304,237
-
Investments
**4**
2,303
-
**Total income**
594,149
-
**Expenditure on:**
Charitable activities
**5**
419,647
-
**Net income for the year/**
**Net movement in funds**
174,502
-
Fund balances at 1 April 2023
787,388
16,515
**Fund balances at 31 March 2024**
961,890
16,515|**Total**
**2024**
**£**
287,609
304,237
2,303
594,149
419,647
174,502
803,903
978,405|**Total**
**2023**
**£**
146,916
298,561
298|
|---|---|---|
|||445,775|
|||321,146|
|||124,629
679,274|
|||803,903|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 3 -
## **EELAPATHEESWARAR AALAYAM**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**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**
**Income funds**
Endowment funds - designated
Unrestricted funds|**2024**
**£**
27,408
310,743
338,151
(4,541)|**£**
644,795
333,610
978,405
16,515
961,890
978,405|**2023**
**£**
24,655
138,257
162,912
(3,804)|**£**
644,795
159,108|
|---|---|---|---|---|
|||||803,903|
|||||16,515
787,388|
|||||803,903|
The financial statements were approved by the Trustees on 21 January 2025
Muthiah Sivapathasundaram **Chairman**
## **Company Registration No. 1125884**
- 4 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **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.
- 5 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **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 and undiyal collections
Membership fees
Other income|**2024**
**£**
9,102
270,582
214
7,711
287,609|**2023**
**£**
8,592
136,405
214
1,705|
|---|---|---|
|||146,916|
- 6 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **3 Charitable activities**
|Sales of tickets
Ubayam
Outdoor services|**2024**
**£**
193,373
97,262
13,602
304,237|**2023**
**£**
192,632
91,421
14,508|
|---|---|---|
|||298,561|
**4 Investments**
|Interest receivable|**2024**
**£**
2,303
2,303|**2023**
**£**
298|
|---|---|---|
|||298|
## **5 Charitable activities**
|Charity expenditure
Administrative wages
Sub - contractors costs
Other|**Temple**
**Socio-**
**economic**
**development**
**costs**
**£**
**£**
354,314
-
-
4,603
-
59,595
-
1,135
354,314
65,333
354,314
65,333|**Total**
**2024**
**£**
354,314
4,603
59,595
1,135
419,647
419,647|**Total**
**2023**
**£**
276,396
2,858
39,631
2,261|
|---|---|---|---|
||||321,146|
||||321,146|
- 7 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**6**
**Tangible fixed assets**
**Cost**
At 1 April 2023
At 31 March 2024
**Depreciation and impairment**
At 1 April 2023
At 31 March 2024
**Carrying amount**
At 31 March 2024
At 31 March 2023
**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
Accruals and deferred income|**Land and**
**buildings**
**£**
486,216
486,216
-
-
486,216
486,216|**Religious**
**assets**
**Fixtures,**
**fittings &**
**equipment**
**£**
**£**
158,579
68,892
158,579
68,892
-
68,892
-
68,892
158,579
-
158,579
-
**2024**
**£**
9,500
17,908
27,408
**2024**
**£**
3,641
900
4,541|**Total**
**£**
713,687|
|---|---|---|---|
||||713,687|
||||68,892|
||||68,892|
||||644,795|
||||644,795|
||||**2023**
**£**
9,500
15,155|
||||24,655|
||||**2023**
**£**
2,004
1,800|
||||3,804|
- 8 -
## **EELAPATHEESWARAR AALAYAM**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**9**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Designated**
**funds**
**2024**
**2024**
**£**
**£**
Fund balances at 31
March 2024 are
represented by:
Tangible assets
644,795
-
Current assets/(liabilities)
333,610
-
978,405
-|**Total**
Unrestricted
funds
Designated
funds
**2024**
2023
2023
**£**
£
£
644,795
644,795
-
333,610
159,108
-
978,405
803,903
-|Total
2023
£
644,795
159,108|
|---|---|---|
|||803,903|
- 9 -