Charity registration number 1141833 SHREE SAKTHY GHANAPATHY TEMPLE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
SHREE SAKTHY GHANAPATHY TEMPLE TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2021 The present their annual report and financial ststemenls for the year ended 31 October 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial ststemenls and comply with the 's Igoverning documenll, the Charities Act 2011 and "Accounting and Reporting by Charities.. Ststemenl of Recorllmended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffectivg 1 January 20191. Objectives and activities The trustees shall hold the fund and its income upon trust to apply them for the advancement of the Hindu (Saival religion according to the Saiva Silhantha traditions, principles, and praCtIS prevailing in India, Malaysia and Sri Lanka and such olher chariiable purposes for Ihe benefit of the community as the Iruslees shall from time lo lime determine and there has been no change in these during the year. Financial r8viaw 11 is the policy of the that unrestricted funds which have not been designated for a specific use should be maintsined at a level equivalent to between three and six month's expenditure. The consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the 's current activities while consideration is given lo ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The h8ve assessed the major risks lo which the is exposed, and a satisfied that systems are in place lo miligale exposure to the major risks. Structure. governance and management The Charity is governed by its Constitution. The Trustees are appointed lo the Board Via an election prOsS and serve for 3 years. The outgoing Trustees are eligible for -electIOn. The Trustees are highly respected and senior members of the community, bringing in their vast experience and knowledge lo ensure the charity is running properly and according to ils constitution. The Trustees who served during the year and up lo the date of signature of the financial ststements were.. Mr C Kailaya-vasan Mr K Paramanathan Mr K Ganeshamoorthy Mr K Kiridaran Mr P Kugalhasan
SHREE SAKTHY GHANAPATHY TEMPLE REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Statement of responsibilities The are Sponsible for preparing the Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpIed Accounting Praclicel. The law applicable lo charities in England and Wales requires the to prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the and of the incoming resources and application of resources of the for that year. In preparing these financial ststemenls, the are required to.. select suitsble accounting poli¢ies and then apply Ihem ¢onsislently', observe the rnelhods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any rnalerial departures disclosed and explained in th8 financial slalemenls., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The are responsible for keeping SLrfficient accounting records that disclose with reasonable accuracy al any lime the financial position of the and enable them to ensure that the financial slalements comply with the Charities Act 2011, the Charity (Accounts and Repottsl Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the 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 on 22 August 2022. Mr C Kailaya-vasan Chairman of the Board
SHREE SAKTHY GHANAPATHY TEMPLE INDEPENDENT EXAMINER'S REPORT TO THE OF SHREE SAKTHY GHANAPATHY TEMPLE I report lo the on my examination of the financial statements of SHREE SAKTHY GHANAPATHY TEMPLE for the year ended 31 Oclober 2021. Responsibilities and basis of report As the of the you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {th8 2011 Act). I report in respect of my examination of the 's financial statements carried out Ljnder sectlon 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. Independent examiner's statement Your attention is drawn lo the fact that the charity has ppared 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 1021 in preference to the Accounting and Reporting by Ch8rities.' Slalemenl of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations but has now been withdrawn. l understand that this has been done in order for financial slalements lo provide a true and fair view in accordance with Generally A¢cepled 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 lo 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 as required by section 130 of the 2011 Act,. or the financial statements do not accord with those records., or the financial slalernents do not comply with the applicable requirements conceming the form and conlenl of acwunts set out in the Charilies IAccounts 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 cOnrn$ 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 rea¢hed. J. V. Louis Dated.. 22 August 2022
SHREE SAKTHY GHANAPATHY TEMPLE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2021 Unrestricted funds 2021 Restricted funds 2021 Total Unrestricted funds 2020 2021 Income from: Donations and legacies Charitable activities 9,372 70,336 9,372 70,336 8,350 70,210 Total income 79,708 79,708 78,560 enditure Raising funds 11,803 11,803 2,740 Charitable activities 51,464 51,464 71,498 Total oxpanditura 63,267 63,267 74,238 Net income for the yearl Net movement in funds 16,441 16,441 4,322 Fund balances al 1 November 2020 184,007 184,007 179,685 Fund balances at 31 October 2021 200,448 200,448 184,007 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
SHREE SAKTHY GHANAPATHY TEMPLE BALANCE SHEET ASAT31 OCTOBER 2021 2021 2020 Notes Fixed assets Tangible assets 3,498 3,682 Current assets Debtors Cash at bank and in hand 172,249 25,913 22,381 158,798 198,162 181,179 Credltors: amounts falllng due wlthln one year 11,2121 18541 Net current assets 196,950 180,325 Totsl assets less current liabilities 200,448 184,007 Income funds Restricted funds Unrestricted funds 200,448 184,007 200,448 184,007 The financial stslemenls We approved by the on 22 August 2022 Mr C Kailaya-vasan Trusteo
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021 Accounting policies Charity information SHREE SAKTHY GHANAPATHY TEMPLE is an unincorporated Charity based in England and Wales. The Charity's Principal address is 21 Brigstock Road, Thornton Heath, CR7 7JJ. 1.1 Accounting convention The financial slalements have been prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. l°FRS 102.1 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 IFRS 1021" leffeclive 1 January 20191. The is a Public Benefit Entity as defined by FRS 102. The has taken advantage of the provisions in the SORP for charities not lo prepare a Stslemenl of Cash Flows. The financial ststemenls have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl 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 bul which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the amounts in these financial ststemenls are rounded lo the nearest £. Monetary 1.2 Going ¢oncorn At the tirlle of approving the financial slalemenls, the have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the continue to adopt the going concern basis of accounting in preparing the financial ststemenls. 1.3 Charitablo funds Unrestricted fLJnds are available for use al the discretion of the in furtherance of their charitable objectives. Restricted funds are subject lo specific conditions by donors as lo how they may be used. The purwses and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the is legally entitled lo it after any performance conditions have been rnel, the amounls Can be measured reliably, and it is probable thal income will be reived. Cash donations are recognised on receipt. Other donations are recognised On the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation lo donations reiVed under Gift Aid or deeds of covenant is recognised at the lime of the donation.
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Accounting policies (Continued) 1.5 Expenditure Expenditure is Tecognised once there is a legal or constructive obligation lo transfer economic benefit lo a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared ¢osts, including support Cosls involved in undertaking each activity. Direct Costs attributable lo a single activity are allocated dire¢lly lo that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 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 lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 50/. 1.7 Cash and cash equivalents Cash and cash eqLJivalents include cash in hand, deposits held al call with banks, other short-term liquidinvestmenls with original malurilies of three months or less, and bank overdrafts. Bank overdrafts areshown within borrowings in current liabilities. 1.8 Retlrament beneflts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Trustees None of the lor any persons connected with them) received any remuneration or benefits from the during the year. Employees The average monthly number of employees during the year was.. 2021 Number 2020 Number
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Employees (Continued) Employment costs 2021 2020 Wages and salaries Other pension costs 22,042 287 22,305 22,329 22,305 There were no employees whose annual remuneration was more than £60,000. Tangible fixed assets FSxtur88 and flttlngs Cost At 1 November 2020 3,682 At 31 October 2021 3,682 Depreciation and impairment DepciatIon charged in the year At 31 October 2021 Carrying amount At 31 October 2021 3,498 At 31 Oclober 2020 3,682 Debtors 2021 2020 Blueview Limited 172,249 22,380 172,249 22,380