Charrty rngistration numbèr 1141833 SHREE SAKTHY GHANAPATHY TEMPLE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
SHREE SAKTHY GHANAPATHY TEMPLE TRUSTEE'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2023 The tnjslees present their annual report and finanoal statements for the year eThJed 31 October 2023. The finanaal statements have been prepared in acCOrdar vthh the aco)unting pdicies set out in note 1 to the financial statements and c4)mply with the Charity's Igoveming d(UmentI. the Charities Act 2011 and "Accounting and Reporting by Ch8rities.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with th8 Financial R8tx)rbng Standard applicable in lh8 UK and Republic of Ir818nd IFRS 1021. lèffèctiv8 1 January 20191. Oblectlves and actlvltl88 The Iruslees shall hold the lund 8n(l it5 in¢ome upon triist to ar4)ly them for the adVanMent of Ihg Hindu ISaiv81 ligion according tts the Saiva Sithantha traditions, pnntsp, and practices prevailing in India, Malaysia and Sri Lanka and such other charitable purposès for thè benefit ol Ihe community as th& trustèes shall Irijm time to timè determine and there has been no change in thes& during the year. Flnan¢lal ro¥1gw It is the policy of the Charity that unrestricled funds which have nol been designated for a specific use should be rnaintained at 8 level equivalent to be¢ween three and six month's expendi¢ure. The trustees consider that reserves 8t thi5 level will ensure that, in the even¢ of 8 significant drop in fundin9, they will be 8ble to continue the Charity s ¢urr$nl activities while ¢onsiderats<)n is 9iven ways in which additional lunds may be iaissd. Thi$1ov&l ol r&sorv&s has baen mainlainad throuohoul tha year. The trustees have assessed the major risks to which the Charity is exposed, and are sats'sfied that systems are in place to miligale exposure to the major risks. structure, governance and manag•ment Th• Charity is gov8rn8d by its Constitution. The Trustees are appointed lo the BoaTd Via an eleclion process and serve for 3 years. The outgoing Trustees are eligible for re-election. Thè Trust8es arè highly respecled and senior membèrs ol tha community, bringing in thèir v8St èxpèriènca and knowledge to ensure the charity is running properfy aThJ according to its constituti¢)n. The Trustees trustees who served during the year and up to the date ol signature of the financial statements were.. Mr C K8ilay8-V858n Mr K Pararnanalhan Mr K Ganèshamoorthy Mr K Kiridaran Mr P Kugathasan Th8 Truste8'5 r8port W8S 8pprov8d by th8 Board ol Trustees. Mr C Kailaya-Va58n Trustee 23 July 2024
SHREE SAKTHY GHANAPATHY TEMPLE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHREE SAKTHY GHANAPATHY TEMPLE I report to the trustees on my examination of the finanoal statements ol SHREE SAKTHY GHANAPATHY TEMPLE Ithe Charity) for the year ended 31 October 2023. Responsibilities and basis of report As the trustees of the Charity you afe sponSIble lor the preparatw)n of the finanaal statements in accordance with the requirements of the Charities Act 2011 (the 2011 Acll. I report in respect ol my eXaminaln of the Charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicaNe Directn$ given by the Charity Commission under section 14515llbl of the 2011 Act. Indèp•ndtnt •xamlnèr's statèm•nt Your attention is drawn to the f8c¢ that the Charity has prepare(l financaal statements in accordance Accounting and Reporting by Charitie5 preparing their accounts In a¢xordance with the Finanryal Reporting Stand8rd 8pplic3ble in th$ UK and R&publi¢ ol Irtrland IFRS 1021 In pIrence to the A¢¢ountsng and Reporting by Charities.. Ststernenl of Recommended Praeticé issu8d on 1 April 2005 which is rèfèrred to in thè èxtant règulations but has now beèn withdrawn. l understand that this has been done in order for financial ststements to provide a true and fair view in accordance with Generally Accepled Accounting prac1 efleclive for reporD'ng period5 beginning on or after 1 January 2015. I have ¢ompleled my examiftation. l coftfimi that rw matters have rne lo my attents'on in tt)nn#¢tion with th& ax8mination giving mg eause to b$li8v¥ Ihal in any maièrial rnspael.. accounting record5 were nol kept in respecl of the Charity as required by section 130 of the 2011 Act., or the financial statements do not accord wth Ih)se records.. or the financial statements do not comply with the applicable quIreMentS concerning Ihe forrn and content of a¢¢ounts set out in the Ch8rili8s IAe(x>unts and Reports) Re9ul8tions 2008 other than any réquiremént that thg accounts give a true and lair view which is not a mailer conse as part of an indèpendent examinatlon. I hav8 no concems and have com8 acmss no other matters in connection with Ihe examinats'on to which attention should be drawn in this report in order to enae a proper understanding of the financial statements to be reached. J. V Lou1¥ Dated.. 23 July 2024
SHREE SAKTHY GHANAPATHY TEMPLE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 UnrestrScted Restrlcted funds lund5 2023 2023 Total Unrestrlcted Restrlcted fund5 funds 2022 2022 Total 2023 2022 Not•s Income from.. Donations and legacies Charitable activities 4,597 100.391 4,597 100.391 3,949 93,300 3,949 93,300 Total Incom• 104,988 104,988 97,249 97,249 Expendlturg on.. Raising funds Charitable activities 21.251 56,219 21.251 56,219 21.912 42,411 21.912 42,411 Total •xpèndlturn 77.470 77,470 64,323 64,323 N•t In¢om• and mov•m•nt In funds 27.518 27.518 32,926 32,926 Reconclllatlon of funds: Fund balances al 1 Novembgr 2022 233.374 233.374 )0,448 200,448 Fund balanc•8 at 31 OctolJ•r 2023 260,892 260,892 233,374 233,374 The statement of financial activities indudes all gains and lossas recognis8d in tho year. Al income and oxpendlture derive from conts'nuing activities.
SHREE SAKTHY GHANAPATHY TEMPLE BALANCE SHEET AS AT 31 OCTOBER 2023 2023 2022 Flxed assets Tangible 85sets 3.157 3.323 Currant assèts Debtors Cash at bank and in hand 154,575 105.860 162,969 70.518 260.435 233.487 Cr•dltors'. amounts lalllng du¢ wlthln on• y•ar I2,7L) 13,4361 N•t curr•nt ass•ts 257,735 230,051 Total as8•t8 1•88 cumnt Ilabllltl•8 260.892 233,374 Net as•et$ excludlng penslon Ilablllty 260,892 233.374 Thè lund8 of thè Charfty Restricted income fund5 Unrestricted funds 280,892 233,374 260.892 233.374 Thè financial statem8nts Te approv8d by the Iruste8s on 23 Juty 2024 Mr C Kailaya-Va58n Trustee
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollcl•s Charlty SnformatSon SHREE SAKTHY GHANAPATHY TEMPLE is an unincowporated Charity based in Englar and Wales. The Charity's Prinapal address is 21 Brigstock Road. Thomton Healh, CR7 7JJ. 1.1 Accounting convention The financial staternents have prepared in atrar8 wth th8 Charrbes Act 2011, FRS 102 -The Flnancial Reporting Standard applicable in Ihe UK ar Republic ol Ireland" I"FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Slatement ol 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" (effective 1 January 20191. Th8 Charity is a Public Benefit Entity as defined by FRS 102. Thè ChArity has taken 8dv8ntag8 ol lh provi$ions in the SORP for ¢haritiè$ not to prepara a St8t8mènt ol Cash Flows. The financial statements have departed from Ihe Charilies IAccLwnts and Reports) Regulations 2008 only to the exten¢ required to provide a true and fair view. This departure has invofved following the Statement ol Recommended Practice lor charilies applying FRS 102 rather th8n the version of the Stslernent ol Recommended Pr8Ctice which is referred lo in the Regulations t&Jl which has since been wilhdr8wn. Th& finanoal Slalèmgnts a prèpare<l in slèrfing, whi¢h 1$ the lun¢tion81 ¢uffgn¢y of Ihe Charity. Monetary amounts in thèsa financial stst8ments af• r(wJnded lo the nèarest £. The finanual statements have been prepared under Ihe hislorical cost convention, Imodified to indude the revaluation ol freehold properties and to indude investrnenl properties and certain financAal instruments al lair valuel. The prinripal accounling policies adopied are Sel oul below. 1.2 Golng ¢on¢•m At the lime ol approving the financAal statements. the trustees have a reasonable expeclalion that the Charity has adequate resources to continue in operation81 existen for Ihe foreseeable future. Thus the trustees continue lo adopt the going ¢on¢em b8$is of accountsng in pparing the financial statements. 1.3 Charltable fvndg Unrestricted funds arè available for usè at the discrntion of Ihè trustees in furtheranca of thelr charItaa objects'ves. R85tricted fijnds are subj8Ct to SP8cthc condrtions by donors or grantor5 as to how they m8y bè usèd. Thè purposes and uses ol the resln"cte(I funds are sel (wjl in Ihe notes lo the financial statements. Endowment funds are subje¢t ty spwyfic wndition$ by d(mrs that Ihe ¢8pital must bg maintaingd by thg Charity. 1.4 Income Income is recognised when the Charily is legally eniiued to it after any perforniance conditions have been met. the amounts can be measured reliabty. and it is probable thal incxjme will be received. Cash donations are recognised on receipl. Other dona()ns are recognised once the Charity has been notified of the donation, unless perfomance 0)ndItn$ wuire deferral ol the arnount. Income tax recoverable in relation to donations received under Gfft Aid or deeds of covenanl is recognised at the time of the donation. Legacies are recognised on receipt or otheiSe if the Charity has been notified of an impending dislribution, the amount is known. and receipl is exFected. If the amounl is not known. the legacy is treated as a contingent asset.
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollcles {Contlnuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits will be required in setuement. and the amount of th8 oblig8tion can b8 mea5ur8d r8li8bly. Expenditure is dassified by activity. The costs of each aclivity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direcuy to that actsvity. Shared costs which contn'bute to more than one activity and support costs which are nol attributable lo a single acb'vity are apportioned betr4een those activities on a basis consistent with Ihe use of resources. Central staff c05t5 are allocaled on the basis of time spent, and depwation ¢harges are allocated on the kX)rtion of Ihtr 8SS&t's use. 1.6 Tanglbl• fixed assets Tangible fixed assèts are initially measur8d at cost and subsequènuy moasurad at cost or valuation, net ol depreciation and any impaimient losses. Dèprèciats'on is recognis8d so as to writè off tho ¢o$l of valuabon of Iw thair f8$idual valu8$ over thèir useful lives on the fdlowing bases.. Fixtur8S and fitting$ 1.7 Cash and cash •qulvalent• Cash and cash equivalents include cash in hand. deposlts held 8t call wth banks, other short-term liquld investments wth original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilrties. D•re¢ognllion off finon¢l41 liabilitie¥ Financial liabilities are derecognised when the Charity's contraciual obligations expire or are discharged or cancelled. 1.8 Rgtlrement benefils Payments to defined contributs'on brement benefit schemes are charged as an expense as they fall due. Net movement In fund8 2023 2022 The net rnovernenl in lunds is stated after thargingllcreditingl.. Depreciati<)n of ovm8d tan9ible fixed assgts 166 175 Trujte None ol the trust88s lor any p8r50ns wrth Ih8ml received any r8mun8ration or benefits from th8 Charity during the year.
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Employ••s The average rnonthly number of employees during the year was: 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Other pènsion costs 28.052 377 23.098 319 28.429 23,417 There wer$ no employo¢s Who annual r•mun¢rati¢n was more than £80.0fy). Taxauon The charity is exempt from (axation on its activities because all its IncMe is applied lor charitable purposes. Tanglble Ilxed assets Flxturns ind fittlngs Cost At 1 November 2022 3,682 At 31 October 2023 3,682 D•pr•elatlon and Impalrni•nt At 1 November 2022 Depreciats'on charged in the year 359 166 At 31 October 2023 525 Carrylng amount At 31 October 2023 3,157 At 31 October 2022 3,323
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 D•btors 2023 2022 Blueview Limited 154.575 162,969 154,575 162.969 Retirement benefit schemes 2023 2022 Defin•d contribution sch•me$ Charge to profit or loss in respe¢t ol dèfi11 ¢ontribution s¢hem&s 377 319 The Charity operales a defined wnIn'twln p8n5ion scheme for all qualifying employees. The assets of s¢heme are held sep8ratety from those ol Ihtr Charity in an independenljy administered fund. R•strlet•d funds The restricted funds ol the charity comprise Ihe unexpended balances of donatsons and grants held on trust subject lo specific conditions by donors as to how they may b8 used. At1 No¥•mber 2022 Incomlng A131 October r•sour¢•$ 2023 Pr•vlous year.. At1 November 2021 Incomlng A131 October resource• 2022 10 Unrg¥tr5¢ted fvnd¥ The unrestricted funds of the charity comprise the unoxponded balanc89 of donab.ons and grants which arè not subject to specific conditions by donors and granlors as lo how Ihey may be used. These include designated funds which have been set aside out of unrestricled funds by ihe trustees for specffic purposes. At1 Incoming resources Resources A131 October expended 2023 November 2022 Gen8r81 funds 233,374 104,988 177,4701 260.892
SHREE SAKTHY GHANAPATHY TEMPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 10 Unrestrlcted fvnds {Contlnuedl Previous year-. Incoming rèsources Resource5 At 31 October èxwnd•d 2022 November 2021 General funds 200.448 97.249 164.3231 233.374