SRI SELVA VINAYAGAR TEMPLE IA Charltablè Incorporated Oryanisation) TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022 Charlty No: 1171912
| Page | ||
|---|---|---|
| Trustees' Report |
2 —4 | |
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8 —15 |
| Notes | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||
| E | 6 | 6 | |||||
| Income | |||||||
| Grants and donations | 2 | 294,322 | 64,116 | 358,439 | 245,205 | ||
| Other income | 3 | 51 | 51 | ||||
| Total income | 294373 | 64116 | 358499 | 245,295 | |||
| Expenditure | |||||||
| Charitable activities |
4 | 193,507 | 101,552 | 295,059 | 176,168 | ||
| Total expenditure | 193,507 | 101,552 | 295,959 | 176 168 | |||
| Net movement | in funds for the year | 100,866 | (37,436) | 63,431 | 69,036 | ||
| Reconciliation | offunds | ||||||
| Total funds, brought |
forward | 10 | 387,140 | 37,436 | 424,575 | 355,539 | |
| Total funds, carried | forward | 488,007 | 488,007 | 424,575 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Fixed assets | |||||
| Tangible assets | 634,972 | 440,690 | |||
| Current assets | |||||
| Cash at bank and in hand | 127,559 | 82,234 | |||
| 127,559 | 82,234 | ||||
| Liabilities | |||||
| Creditors falling due within one year |
9 | (84,524) | (48,349) | ||
| Net ourrent assets l(Liabilities) | 43,035 | 33,885 | |||
| Creditors falling due more than one year | 10 | (190,000) | (50,000) | ||
| Net assets | 400 DD7 | 424 676 | |||
| The funds ofthe charity: | |||||
| Unrestricted funds |
488,007 | 387,140 | |||
| Restricted funds | 37,436 | ||||
| Total charity funds | 408 007 | 424 070 |
| DONATIONS | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | 2022 | 2021 | |||
| 6 | 6 | 6 | 6 | |||
| Donation and Grant/Gift |
Aid | 294,322 | 64,116 | 358,439 | 245,205 | |
| 294,322 | 64,116 | 358,439 | 245,205 | |||
| The donations income |
in 2021 f195,712was attributed | to unrestricted | funds and | 649,493was attributed | to | |
| estricted funds. |
||||||
| OTHER INCOME | ||||||
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | 2022 | 2021 | |||
| 6 | 6 | 6 | f | |||
| Gain on disposal of Motor Vehicle | 51 | 51 | ||||
| 51 | 51 | |||||
| ANALYSIS OF EXPENDITURE | ||||||
| Hindu | 2022 | 2021 | ||||
| Temple | 6 | f | ||||
| Costs directly allocated | to activities | |||||
| Priest wages and salary | 64, 182 | 64,182 | 39,240 | |||
| Premises cost | 126,624 | 126,624 | 62,499 | |||
| Food and consumables | 5,718 | 5,718 | 6,867 | |||
| Flowers | 6,868 | 6,868 | 9,283 | |||
| Other direct expenses | 586 | |||||
| Support costs (note 4) | 89,167 | 89,167 | 55,294 | |||
| Governance costs (note 4) |
2,500 | 2,500 | 2,400 | |||
| 295,059 | 295,059 | 176,168 |
| each activity. | ||||||||
|---|---|---|---|---|---|---|---|---|
| General | Governance | Total | Total | |||||
| support | function | 2022 | 2021 | |||||
| 6 | 6 | 6 | ||||||
| General Office Expenses |
12,419 | 12,419 | 7,671 | |||||
| Insurance | 2,314 | 2,314 | 4,746 | |||||
| Travel and motor expenses | 442 | |||||||
| Communication (Phone + Stationary) |
816 | 816 | 639 | |||||
| Legal and professional | 3,301 | 3,301 | 2,240 | |||||
| Sundry expenses | 57 | 57 | ||||||
| Depreciation | 65,952 | 65,952 | 37,703 | |||||
| Equipment purchase |
759 | |||||||
| Interest on bounce back | loan | 4,308 | 4,308 | 1,094 | ||||
| Independent examination |
2,500 | 2,500 | 2,400 | |||||
| 89,167 | 2,500 | 91,667 | 57,694 | |||||
| 6. | NET INCOME I(EXPENDITURE) FOR THE YEAR | |||||||
| Net income resources | is | shown after charging: | 2022 | 2021 | ||||
| 6 | F | |||||||
| Operating leases rent |
60,000 | 30,000 | ||||||
| Depreciation oftangible |
fixed assets | 65,952 | 37,703 | |||||
| Independent examination |
fee | 2,500 | 2,400 | |||||
| 7. | ANALYSIS OF STAFF | COSTS, TRUSTEES REMUNERATION | AND EXPENSES, AND | COST | OF KEY | |||
| MANAGEMENT PERSONNEL |
||||||||
| STAFF COSTS | 2022 | 2021 | ||||||
| f | 6 | |||||||
| Salaries | 64,182 | 39,240 |
| Priests | |
|---|---|
| Renovation | staff |
| Admin staff |
| TANGIBLE FIXEDASSETS | ||
|---|---|---|
| 2022 | 2021 | |
| NET BOOK VALUES | E | E |
| Leasehold Improvements |
523,356 | 341,044 |
| Idol Ornaments | 111,616 | 98,696 |
| Motor Vehicle | 950 | |
| 634,972 | 440,690 |
| Cost or valuation | Cost or valuation | Opening | Closing | ||
|---|---|---|---|---|---|
| Balances | Additions | Disposals | Balances | ||
| E | E | f | E | ||
| Leasehold | Improvements | 411,254 | 248,264 | 659,518 | |
| Idol Ornaments | 98,696 | 12,920 | 111,616 | ||
| Motor Vehicle | 3,000 | (3,000) | |||
| 512,949 | 261,184 | 3,000 | 771,133 | ||
| Opening | Charge | Closing | |||
| Balances | For Year | Disposals | Balances | ||
| E | f | f | |||
| Leasehold | Improvements | 70,210 | 65,952 | 136,161 | |
| Idol Ornaments | |||||
| Motor Vehicle | 2,051 | (2,051) | |||
| 72,260 | 65,952 | 2,051 | 136,161 |
| 9. | CREDITORS: Amounts | falling due within one year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | E | |||
| Accruals and other creditors | 84,524 | 48,349 | ||
| 10. | CREDITORS: Amount | falling due more than one year | ||
| 2022 | 2021 | |||
| 6 | 6 | |||
| Bounce back loan | 190,000 | 50,000 |
| Balance as | Balance as | |||||
|---|---|---|---|---|---|---|
| 01.04.2021 | Income | ~E* | dit | t 31.D3.2022 | ||
| 9 | 6 | 6 | ||||
| Unrestricted | funds: | |||||
| General funds |
387,140 | 294,373 | 193,507 | 488,007 | ||
| 387,140 | 294,373 | 193,507 | 488,007 | |||
| Restricted | funds: | |||||
| Renovation | Project | 37,436 | 64,116 | 101,552 | ||
| 37,436 | 64,116 | 101,552 | ||||
| Total funds | 424,575 | 358,489 | 295,059 | 488,007 |
| Balance as | Balance as | |||||
|---|---|---|---|---|---|---|
| 01.04.2020 | Income | ~E* | Dlt | t31.33.21121 | ||
| E | 6 | 5 | ||||
| Unrestricted | funds: | |||||
| General funds | 355,539 | 195,712 | 164,111 | 387,140 | ||
| 355,539 | 195,712 | 164,111 | 387,140 | |||
| Restricted | funds: | |||||
| Renovation | Project | 49,493 | 12,057 | 37,436 | ||
| 49,493 | 12,057 | 37,436 | ||||
| Total funds | 355,539 | 245,205 | 176,168 | 424,575 |
| ANALYSIS OF FUND BALANCES | BETWEEN NET ASSETS | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2022 | 2021 | |
| 6 | 6 | E | 6 | |
| Tangible fixed assets | 634,972 | 634,972 | 440,690 | |
| Net current assets | 43,035 | 43,035 | 33,885 | |
| Long term loan | (190,000) | (190,000) | (50,000) | |
| 488,007 | 488,007 | 424,575 | ||
| ANALYSIS OF FUND BALANCES | BETWEEN NET ASSETS | —PREVIOUS YEAR | ||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2021 | 2020 | |
| f. | 6 | f | 6 | |
| Tangible fixed assets |
395,696 | 44,994 | 440,690 | 319,273 |
| Net current assets | 33,885 | 33,885 | 36,266 | |
| Long term loan | (50,000) | (50,000) | ||
| 379,581 | 44,994 | 424,575 | 355,639 |