SRI SELVA VINAYAGAR TEMPLE
IA Charltablè Incorporated Oryanisation)
TRUSTEES, REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2022
Charlty No: 1171912
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|||Page|
|---|---|---|
|Trustees'
Report||2 —4|
|Independent
Examiner's|Report||
|Statement of Financial|Activities||
|Balance Sheet|||
|Notes to the Accounts||8 —15|
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||||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|
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|||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|
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|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|
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||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||
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|Priests||
|---|---|
|Renovation|staff|
|Admin staff||
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|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|
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|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|
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|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|
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|||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|
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|||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|
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