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2024-03-31-accounts

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183)

Trustees report and financial statements FOR THE YEAR ENDED 31 MARCH 2024

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183)

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

CONTENTS

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183)

Information

Charity number 1144183

Registered address 65a George Elliot Road Coventry CV1 4HT

Trustees Sellathambi Peranantham Kandiah Selvaratnam Subramaniam Kirupaharan Balasubramaniam Kumarathas Appathurai Suntharesan Thambipillai Kajenthiran

Chairman Kanapathipillai Sittambalam

Bankers HSBC Foleshill Road Coventry Unity Trust Bank

Coventry Shri Sidhi Vinayagar Devasthanam

Annual Report by Trust Chairman – Financial Year 2023-24

Firstly we are grateful for Lord Sidhi Vinayagar’s blessings, the temple enjoyed a modestly prosperous and successful year with an increase in devotees attendance and participation in devotional functions at the temple, beginning in particular with the Hindu New Year on 13[th] April 2023, the 12 day annual festival in April-May 2022, Siththirai Paruvam, Vaikasi Visakam, Bramhotsavam, Aani Uththiram, Aadi Amavaasai, Aadi Sevvaai, Krishna Jayanthi, Aavani Vinayagar Chathurthi, Navaraathiri, Kantha Sashti, Theepavali, Purattaasi Sanis, Pillayar Kathai, Thiruvempaavai, Western New Year, Thai Pongal, Thai Poosam, Maha Sivaraathiri, culminating in Panguni Uththiram. These are not an exhaustive list of functions celebrated, sponsored and observed at the temple. The temple is fortunate in receiving guests from a wide range of nationalities, cultures as well as from not only different parts of UK, but also from other parts of the world.

The temple is indebted to all the devotees who come and participate in prayers as well sponsor numerous various special occasions and in addition do a great deal of voluntary work such as assisting the priest as well as in preparations & distribution of prasadams and when required; Without sounding rather presumptuous, it is your temple which you donated towards its purchase. By June 2024 we have completed 4 of our 20 year repayment mortgage, on the Temple purchase loan, which will be reviewed at by the lender at mid-point of Loan around 2030.

The two buildings within the temple premises are also used to teach Tamil Language, collection of religious and cultural such as Tamil classical vocal music, miruthangam, Bhatha Natyam, Violin, Keyboard by specialist independent Teachers.

The temple priests and administration decided to begin a program of renovations of the temple facilities with a view to improving some aspects. As such new water supply was laid for all three buildings in the premises, a new gas supply line was laid from the main road to enable gas central heating the building where the cultural activities are taught as tis building was only heated electrically. Some renovations were carried out to the external Vinayagar Sannithanam. We have been fortunate via the support of our devotees generosity in having a substantially increased receipts to the Temple funds. However, we face much greater challenges with the anticipated Kumbabishekam renovations.

The major step was in preparations for the planned Kumbabishekam in 2025, Balasthapanam was conducted January 2024, i.e. re-locating all deities from the main temple into a smaller room in an adjacent building. This activity and an advance payment towards new deities’ statues incurred substantial planning, consultations with the Temple Committee and senior priests in various temples so that we get the best and most appropriate selection of deities and locate them most beneficially within the planned new temple interior layout. The continued functioning of the temple with daily poojas is vital to support the devotees, maintain the continued poojas of the deities, celebration of as many auspicious functions as possible, and to ensure the continuous attendance to meet with Devotees’ and temple’s needs, during the period of renovations.

Donations to the Temple premises purchase funds are quite vital as efforts have been consistently pursued in raising money.

We continue to pray Lord Ganesh for his everlasting blessings towards a speedy, timely and successful completion of all the renovations and a glorious 2[nd] Kumbabishekam at the earliest in 2025,

K.Sittambalam Chairman, CSSVD Tru

Date: 22 November 2024

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183) Independent Examiner’s Report to the Board of Trustees FOR THE YEAR ENDED 31 MARCH 2024

I report on the accounts of the above Charity for the year ended 31 March 2024.

Responsibilities and basis of report

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). An audit is not required for the year under section 144 (2) of the Charities Act 2011 (The 2011 Act) and I am qualified to undertake the examination by being a qualified member of Chartered Institute of Management Accountants.

In my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those accounts. It also includes consideration of any unusual items or disclosures in the account and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In accordance with my examination, no matters have come to my attention:

Mrs T Thavarupan For and on behalf of Angels Accountants Date: 14[th ] October 2024

3

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183) INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Notes
Incoming resources
Voluntary income
2

Investment income
3

Total incoming resources
Resources explained
Wages & salaries
Premises cost

Rent
Priest expenses
Legal & professional fees
Repairs & maintenance

Telephone / Printing, postage & stationary
Other expenses

Bank charges

Bank interest
Temple Pooja/Food/Thiruvizha expenses

Motor running expenses
Depreciation of fixtures & fittings
Depreciation on motor vehicles

Total resources expended

Net incoming resources

Total funds brought forward

Total funds carried forward















2024
£

275,921
15

275,936
36,405
22,194
0
40,262

780
10,864

2,655
7,146

2,666
20,609
61,379
1,136
4,511
500
211,107

64,829

299,992

364,821		 2023
£
221,747
0
221,747

46,049
14,643
0
38,987
9,097
21,286
2,462
450
1,907
14,045
48,474
1,482
3,793
0
202,675
19,072
280,920
299,992



4

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183) BALANCE SHEET AS AT 31 MARCH 2024


Notes
Fixed assets
Tangible assets
04
Current assets
Debtors
05
Cash at bank and in hand


Current liabilities
Creditors: Amount falling
due within One year.
06

Net current liabilities
Net Assets

Long term liabilities
Long term loan
Net assets
Funds
Unrestricted income funds
Total Funds		 2024
£
£
536,258
3,653

72,138

75,791

247

76,038
612,296
247,475
364,821
364,821
364,821

£

3,942
44,174
48,116
( 0)





 2023
£
504,512
48,116
552,628
252,636		 2023
£
504,512
48,116
552,628
252,636













299,992
299,992
299,992

5

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183) Notes to the Accounts FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

1.1 Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with FRS102 – The Financial Reporting standard applicable in the UK and Republic of Ireland accounting standards, the statement of recommended practice “Accounting and reporting by Charities” (SORP ) and the charities act 2011.

1.2 Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be qualified with reasonable accuracy. The following specific policies are applied to the particular categories of income.

Voluntary income is received by way of grant, donation and gifts and which is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be qualified. The value of services provided by volunteers has not been included.

Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.

Income from investment included in this year in which it is receivable.

6

Notes to the Accounts FOR THE YEAR ENDED 31 MARCH 2024

Coventry Shri Sidhi Vinayagar Devasthanam

(Charity Registered No: 1144183)

1.3 Resources explained .

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity’s shop.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows.

2.
 Voluntary Income
Pooja / Archanai/ Donation

Government grant received
Undiyal

Gift aid received

Income from miscellaneous sales
Membership fees		 2024
258,261
0
9,294

0
7,826

540
275,921
 2023
203,470
0
13,055
0
4,838
384
221,747

7

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183) Notes to the Accounts FOR THE YEAR ENDED 31 MARCH 2024

3. Investment Income

Rent received from Tamil school
Bank interest received
4.Tangible Fixed AssetsFreehold
additions
at cost
£

Cost/Revaluation
At 01 April 2023
400,000
Additions
0
At 31 March 2024
400,000
Depreciation
At 1 April 2023

Charges for the year


At 31 March 2024

Net book values
At 31 March 2024
400,000
At 31 March 2023
400,000


Fixtures
Fittings &
Equipment
£
127,610
22,757
150,367
28,098
4,511
---------- -
32,609
117,758
99,512


Motor
Vehicle

£
5,000
0
5,000
0
500
--------
500
4,500
**5,000 **

0
15

0

Religious
Assets

£
0
14,000
14,000
0
0
---------
0
14,000
0

0
0
0
Total
£
532,610
36,757
569,367
28,098
5,011
-----------
33,109
536,258
504,512






























8

Coventry Shri Sidhi Vinayagar Devasthanam (Charity Registered No: 1144183) Notes to the Accounts FOR THE YEAR ENDED 31 MARCH 2024

5. Debtors
PAYE
Receivables


6. Creditors
Wages and salaries
PAYE
Loan from members



7. Long term liabilities

Loan
 2024
106
3,547
3,653
(247)
0
0
( 247)
247,475		 2023
395
3,547
3,942
0
0
0
0
252,636

9