| Page | ||
|---|---|---|
| Trustees' Report |
2 —4 | |
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8 —15 |
SRI SELVA VINAYAGAR TEMPLE IA ChlIabl IneorpoT•tsd Organlsavon) TRUSTEE8' REPORT (Convd) FOR THEYEAR ENDED 31ST MARCH 2023 R•s•ry•$ polloy Thè Tru8lee¥ nsIder It prudpnl to maintain en adequat8 level of unre$lilcted reserves lo Lwr the Charlty's contr8Ctu81 ojmmlimenls" ond provlde .¥uffidenl wwklng capllal and to 8ccumulate fvnds lowards the C£Jsls of .'&:& 8ohleving fvturo obJectiV68 of the charity. REFERENCE AND ADMINISTRATIVE DEfAIL8 ThJst8es: "'4.. Sham>ila MuTrltharaTr- Chair rs Siimlla Srtha Mr Senathlralah Sharvas'Yt¥n 1171912 Charity Mumbor: Prltioipml AddnBs: 29 Ley Street, Iwotd, Essex IG14BN David Terry Ramon Lee Ltd. 93 Tabemade Street.. London EC24 4BA , NBIWe81 Plc. 50 Ilford Hlll. Imord. Ess&x IG134T Ind•pttndent Eyxmlner.. Bank•rs: TRUSTEES, RESPONSIBILITIE8 IN REIATION TO THE FINANCIAL sfATEMENT.S ThtrTFuslees are responsibla for preparingthe Tnjstèes. knnu81 Rep.ori gnd'the ffinancial.st8teiiignis In.acrordaTrx ryth app11rab law and.Unltad Klngdom Aw)unting'StgndardE (United Kingdom'Giyn&rally Acckii6d AcUtjng P¥a¢bcel. ThB'law applirable lo chari6es En9knd & Wales qUIreS tho Twstees lo prepor& ffttandal Btslements foi e8oh finan year whlth give a trua and falr vlew ol Ihe slBte of aftairB ofthé ¢h8rty and of thg, incoming Tr8ourcèB and applKtition ol r&saurces, indudlnu Ihe 'lntomg and oxpendiiure Iw Ihat year. In prepkring 80 finandal 6talements. IheTru81ee8 a required io.. seled suliablp 8¢untin9 pblldè8 dnd then epthern con8iStonlJy-. ob8ervo the rnethods and prindples'in the Chariti"¢8 SORP-, make ludpements and esbmates U)al reasonable artd prudfrnt, stsie %vhether applicable UK AccouTrtinu.8lÈndards h8v4 beèn foNowpd: subject to any nYaleIf.dePrtU8 dlsclosed ond oxplained tho financ4al 81algments- prnpare the financial 81altsments on the golng eoncem bB8is unl&BB it l& in8pprgpriat¥ lo preyumg that ¢h8nlable Ino)rppratsd OTggnl6alton wjll ts)nllnue In busine85. The TNsiee8 are rosponsibf&for keeping prop8T aèLtiuntiTrg rè¢Drds that digefose wlth'.reason&bb awjigcy al tlme Ihe finanaal posilon of the chaty and enable thom Its nBurè that ths financi418t8tements comply wth the ChBtÈti8s Ati 2011, the Chaty {AccountS and Reports) Regulallons 2008 end ihg provisions ol'the chartV8 (x)n$iiluV¢n. Th&y are 81gL7 respon$iblB foT 5&feguarding Ihe a%set8 of tha th815ty and han foT taking rea50nabl& ¥teps lor Ihe pro¥enllon and detÈcon of fraud and other Iiregularilies. The trustèes re6ppnslbl& for the malntenanc and int$Brfly ol the charity and IhB financlal inforrnalkjn Jncludèd Dn the th8rty'& Wbstt8 In"'&c¢o¥dance th leul$l•tion In Unlled Klngdom govomlnu Ihè. prvparallori Hnd di8semin&lioTr of fiTrdntJal Slateents. APPROVAL ThLs report was &pwov•d by Ihe Tru81e ¢)n 311 January 2024 0nrJ slgn8d on tt8 behalf. SHARMILA MURALITHARAN I¢HAIR)
| Notes | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||
| f | F | 6 | |||||
| income | |||||||
| Grants and donations | 2 | 275,740 | 22,177 | 297,917 | 358,439 | ||
| Other income | 3 | 51 | |||||
| Total income | 275,740 | 22,177 | 297,917 | 358,490 | |||
| Expenditure | |||||||
| Charitable activities |
4 | 262,134 | 22,177 | 284,311 | 295,059 | ||
| Total expenditure | 262,134 | 22 177 | 284,311 | 295,059 | |||
| Net movement | in funds for the year | 13,606 | 13,606 | 63,431 | |||
| Reconciliation | offunds | ||||||
| Total funds, brought |
forward | 11 | 488,007 | 488,007 | 424,576 | ||
| Total funds, carried | forward | 501,613 | 501,613 | 488,007 |
| Notes | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 579,386 | 634,972 | ||||
| Current assets | ||||||
| Cash at bank and in hand | 154,506 | 127,559 | ||||
| ' | ||||||
| 154,506 | 127,559 | |||||
| Liabilities Creditors falling due within one year |
9 | (73,939) | ~84.5245 | |||
| Net current assets l(Liabiiities) | 80,567 | 43,035 | ||||
| Creditors falling due more than one year |
10 | (158,340) | (190,000) | |||
| Net assets | 5tt't 878 | 468,007 | ||||
| The funds oftHe charity: | ||||||
| Unrestricted funds |
501,613 | 488,007 | ||||
| Restricted funds | ||||||
| Total charity funds | 601,613 | 488 887 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||||
| 6 | |||||||
| Donation | and | Grant/Gift | Aid | 275,740 | 22,177 | 297,917 | 358,439 |
| 275,740 | 22,177 | 297,917 | 358,439 |
| The donations income |
in 2022 6294,322 was attributed | to unrestdcted | funds | and | f64,116was attributed | to | |
|---|---|---|---|---|---|---|---|
| restricted funds. |
|||||||
| 3. | OTHER INCOME | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | 2023 | 2022 | ||||
| f | 6 | 6 | |||||
| Gain on disposal of Motor Vehicle | 51 | ||||||
| 51 | |||||||
| 4. | ANALYSIS OF EXPENDITURE | ||||||
| Hindu Temple |
2023f | 2022 E |
|||||
| Costs directly allocated | io activities | ||||||
| Priest wages and salary | 76,792 | 76,792 | 64,182 | ||||
| Premises cost | 85,358 | 85,358 | 126,624 | ||||
| Food and consumables | 4,509 | 4,509 | 5,718 | ||||
| Flowers | 9,300 | 9,300 | 6,868 | ||||
| Other direct expenses | 686 | 686 | |||||
| Support costs (note 4) | 105,065 | 105,065 | 89,167 | ||||
| Governance costs (note 4) |
2,600 | 2,600 | 2,500 | ||||
| 284,311 | 284,311 | 295,059 |
| activities at d each activity. |
iffer | ent percentages, based on |
staff time and the | number ofservice |
delivery hours att |
ributable to |
|---|---|---|---|---|---|---|
| General | Governance | Total | Total | |||
| support | function | 2023 | 2022 | |||
| 6 | E | |||||
| General Office Expenses | 14,620 | 14,620 | 12,419 | |||
| Insurance | 2,546 | 2,546 | 2,314 | |||
| Communication | (Phone + Stationary) | 2,086 | 2,086 | 816 | ||
| Legal and professional | 3,048 | 3,048 | 3,301 | |||
| Sundry expenses | 57 | |||||
| Depreciation | 75,491 | 75,491 | 65,952 | |||
| Interest | 7,274 | 7,274 | 4,308 | |||
| Independent | examination | 2,600 | 2,600 | 2,500 | ||
| 105,065 | 2,600 | 107,665 | 91,667 |
| NET INCOM | E / (EXPE |
N | DITURE) FOR THE YEAR | ||
|---|---|---|---|---|---|
| Net income | resources | is | shown after charging: | 2023 | 2022 |
| 6 | |||||
| Operating leases rent |
60,000 | 60,000 | |||
| Depreciation | oftangible | tixed assets | 75,491 | 65,952 | |
| Independent | examination | fee | 2,600 | 2,500 |
| ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION | ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION | AND EXPENSES, AND | COST OF KEY |
|---|---|---|---|
| MANAGEMENT | PERSONNEL | ||
| STAFF COSTS | 2023 | 2022 | |
| 6 | 6 | ||
| Salaries | 76,792 | 64,182 |
| The average | m | onthly number ofstaff e |
mployed by the charity |
during the year | was as follows: | ||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Priests | |||||||
| Priest's Assistant | |||||||
| Renovation | staff | ||||||
| Admin staff | |||||||
| TANGIBLE | FIXEDASSETS | ||||||
| 2023 | 2022 | ||||||
| NET BOOK VALUES | F | ||||||
| Leasehold | Improvements | 467,770 | 523,356 | ||||
| Idol Ornaments | 111,616 | 111,616 | |||||
| 579,386 | 634,973 | ||||||
| MOVEMENTS | IN YEAR | ||||||
| Cost or valuation | Opening | Closing | |||||
| Balances | Additions | Disposals | Balances | ||||
| 6 | |||||||
| Leasehold | Improvements | 659,518 | 19,905 | 679,423 | |||
| Idol Ornaments | 111,616 | 111,616 | |||||
| 771,133 | 19,905 | 791,038 | |||||
| ~D* i ti | Opening | Charge | Closing | ||||
| Balances | ForYear | Disposals | Balances | ||||
| f | |||||||
| Leasehold | Improvements | 136,161 | 75,491 | 211,653 | |||
| Idol Ornaments | |||||||
| 136,161 | 75,491 | 211,653 |
| 9. | CREDITORS: | CREDITORS: | CREDITORS: | Amounts | faIling due | within one year | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023f | 2022 f |
|||||||||
| Accruals and | other creditors | 73,939 | 84,524 | |||||||
| 10. | CREDITORS: | Amount | falling due more than one year | |||||||
| 2023 | 2022 | |||||||||
| f | f | |||||||||
| Bank loan | 158,340 | 190,000 | ||||||||
| 11. | MOVEMENT | IN FUNDS | ||||||||
| Balance as | Balance | as | ||||||||
| 01.04.2022 | ~00it | t33.032023 | ||||||||
| f. | f | f | ||||||||
| Unrestricted | funds: | |||||||||
| General funds | 488,007 | 275,740 | 262,134 | 501,613 | ||||||
| 488,007 | 275,740 | 262,134 | 501,613 | |||||||
| Restricted | funds: | |||||||||
| Renovation | Project | 22,177 | 22,177 | |||||||
| 22,177 | 22.177 | |||||||||
| Total funds | 488,007 | 297,917 | 284,311 | 501,613 |
| Balance as | Balance as | Balance as | ||||||
|---|---|---|---|---|---|---|---|---|
| 01.04.2021 | ~Edit | t32.D3.2D22 | ||||||
| f | f | f. | ||||||
| Unrestricted | funds: | |||||||
| General funds | 387,140 | 294,374 | 193,507 | 488,007 | ||||
| 387,140 | 294,374 | 193,507 | 488,007 | |||||
| Restricted | funds: | |||||||
| Renovation | Project | 37,436 | 64,116 | 101,552 | ||||
| 37,436 | 64,116 | 101,552 | ||||||
| Total funds | 424,576 | 358,490 | 295,058 | 488,007 | ||||
| 12. | ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | 2023 | 2022 | |||||
| f | f. | f | ||||||
| Tangible | fixed assets | 579,386 | 579,386 | 634,972 | ||||
| Net current assets | 80,567 | 80,567 | 43,035 | |||||
| Long term loan | (158,340) | (158,340) | (190,000) | |||||
| 501,613 | 501,613 | 488,007 | ||||||
| ANALYSIS OF FUND BALANCES BETWEEN NET ASSETS —PREVIOUS | YEAR | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | 2022 | 2021 | |||||
| f | f | f | F | |||||
| 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 |