**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
- 1 Information
- 2 Trustees' Report
- 3 Report of the Accountants
- 4 Income and expenditure account
- 5 Balance sheet
- 6-9 Notes to Financial Statements
**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:
- Examine the accounts under Section 145 of the 2011 Act.
- To follow the procedures laid down in the general directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act: and
- To state whether matters have come to my attention.
## **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:
- (1) Which gives me reasonable cause to believe that in any material respect the requirements:
- To keep accounting records in accordance with Charities Act 2011: and
- To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act,
- Have not been met; or
- (2) To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
**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**|
|---|---|---|---|---|---|---|---|---|
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||
|
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||
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**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**