## |||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 Ch￿lIabl* 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 Acc*kii6d Ac￿U￿tjng 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 ep￿thern 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￿.deP￿rtU￿8 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 cha￿ty 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$iblB foT 5&feguarding Ihe a%set8 of tha th815ty and han￿ foT taking rea50nabl& ¥teps lor Ihe pro¥enllon and detÈc*on of fraud and other Iiregularilies. The trustèes re6ppnslbl& for the malntenanc* and int$Brfly ol the charity and IhB financlal inforrnalkjn Jncludèd Dn the th8rty'& W*bstt8 In"'&c¢o¥dance ￿￿th leul$l•tion In Unlled Klngdom govomlnu Ihè. prvparallori Hnd di8semin&lioTr of fiTrdntJal Slate￿ents. APPROVAL ThLs report was &pwov•d by Ihe Tru81￿e￿ ¢)n 31*1 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| ## ## ##