**Charity registration number 1171912** 

## **SRI SELVA VINAYAGAR TEMPLE** 

**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

|**Trustees**<br>**Charity number**<br>**Registered office**<br>**Independent examiner**<br>**Bankers**<br>**Website**|Mrs Sharmila Muralitharan<br>Mrs Srimila Srihari<br>Mr Senathirajah Sharvaswaran<br>1171912<br>Sri Selva Vinayagar Temple<br>299 Ley Street<br>ILFORD<br>IG1 4BN<br>Samir Shah FCA, ATII<br>Ramon Lee Ltd<br>Chartered Accountants<br>93 Tabernacle Street<br>London<br>EC2A 4BA<br>NatWest Plc<br>50 Ilford Hill<br>Ilford<br>IG1 2AT<br>Essex<br>www.sriselvavinayagar.org.uk/|
|---|---|





## **SRI SELVA VINAYAGAR TEMPLE** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 13|





## **SRI SELVA VINAYAGAR TEMPLE** 

## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

The trustees present their annual report and financial statements for the year ended 31 March 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). 

## **Objectives and activities** 

The objectives of the charity are: 

- To advance the Hindu religion for the benefit of the public in Redbridge and the surrounding area through maintaining a Saiva Hindu Temple where rituals are conducted with special emphasis on Saivam according to the tradition of Tamilnadu and Sri Lanka 

- To encourage the organisation of educational and cultural events based both at the temple and in the area of benefit and through organising other related activities as the trustees shall determine. 

The previous unincorporated organisation had purchased the God Idols and the beautiful There at great expense prior to the inception of this Temple in 2004. These items have been transferred to the Charity as a donation at a prudent value for accounts purposes. However, their value to this Temple and the devotees is too great a measure to put in words or numbers. They were designed and conceptualized by our founder, the late Mr Selvarajah, and are a works his love to this Temple. 

## **Achievements and performance** 

This year again we conducted a larger scale Chariot Festival in the summer. The festival was attended by thousands of devotees, Councillors and police force. We were also grateful for the attendance of the Mayor, this Temple’s long term devotee, Councillor Jeyaranjan. 

The festival was made possible by our sponsors, volunteers, priests and staff who gave up so much of their time to help organise this. 

Dance classes, Abacus classes, violin classes and elderly devotee meetings continued throughout the year. 

## **Financial review** 

The financial results for the year are set out in the Statements of Financial Activities on page 5. The charity recorded an overall surplus of £26,322 (2024 - £60,118). The financial position at the year revealed by the Balance Sheet on page 6 shows net current assets or working capital of £242,005 (2024 - £178,184). 

## **Principal funding sources** 

The charity's principal source of funding is donations from devotees. The majority of the expenditure goes towards the ongoing maintenance of the building and salaries of the priests and staff. 

## **Reserves policy** 

The Trustees consider it prudent to maintain an adequate level of unrestricted reserves to cover the Charity’s contractual commitments and provide sufficient working capital and to accumulate funds towards the costs of achieving future objectives of the Charity 

## **Plans for future periods** 

We are continually looking to introduce further community projects, privately and through the assistance of the Redbridge Council. 

## **Structure, governance and management** 

## **Governing document** 

The organisation is a charitable incorporated organisation registered as a charity with the Charity Commission on 06 March 2017 (charity no. 1171912).  The charity is established under a written constitution that established the objects and powers of the charity and is also governed under this constitution. 

- 1 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **TRUSTEES' REPORT  (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

## **Recruitment and appointment of Trustees** 

The Board of Trustees has the power to appoint additional Trustees as it considers fit to do so. The Trustees in the office in the year are set out on Legal and Administrative page. 

They have no beneficial interest in the organisation other than as members and have absolute discretion with regards to investment decisions. No Trustee received remuneration during the year for services to the charity. 

## **Organisation** 

The Board meets monthly to review the affairs of the charity. They use electronic methods when necessary in order to ensure matters are not delayed. 

## **Related parties** 

We are a member of ‘The Federation of Saiva (Hindu) Temples’ which is a body that assists the member Temples in establishing dates for special days which are sometimes not exact, and also publishes calendars and magazines once a year. We pay a membership fee. 

## **Risk Management** 

The Trustees have a risk management strategy which comprises: 

- An annual review of the risks the charity may face; 

- The establishment of systems and procedures to mitigate those risks identified in the plan; 

- Implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. 

## **Public Benefit statement** 

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity’s activities. 

## **Our volunteers** 

The volunteers have been the lifeline of the Temple since inception in 2004 but more so during this renovation project. We have many volunteers, of all ages, who give up their time to serve the community for which we will always be grateful. Even following the completion of the renovation project, the volunteers continue to assist the Temple. 

- 2 - 



SRI SELVA VINAYAGAR TEMPLE
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responslbllltl•s
The trustees are responslble for preparing th6 Tru8lees' Report and the financial statements In accordance with
applicable law and United Klngdom Accountlng Standards <Unlled Klngdom Generally Accepted Accounting
Practica).
The18w appllcabl8 to charitles in England and Wales requires the trustees to prepare flnanclal stst8menlS for each
rinancial year which give a true and fair view of the stat8 of affalrs of th8 charity and of the incomlng resources and
application of resources of the charity for that year,
In preparing Ihese financlal statements. the trustees are required to..
select sultabl8 accountlng pollcles and thon apply them conslsienlly;
observe the melhods and principles in the Charities SORP:
make judgements and estlmates that are reasonable and prudent:
slate whather appllcable accountlng standards have been followed. subject to any material departure8 disdosed
and explained in the financial statements; 8nd
prepare the financial statements on the golng concern basls unless It Is Inappropriate to presume that the charfty
wlll continue in operation.
The trustees are responslble for keeping sufflci8nt accounting records Ihal dlsclose with reasonable accuracy al any
tlme the financial positlon of the charity and enable them to ensure Ihal the financial slatements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and det@ctlon of fraud and other Irregularlties.
The Irustees are responslble for the malntenance and Integrfty of the charfty and the financial Infomatlon Included
on the charity's websile in accordanGe with legislation in the United Kingdom goveming the preparats'on and
disseminatlon of financial statements,
The Tru￿e8S, report was approved by the Board of Trustees and 8lgned on Its behalf by.,
Mr• Shamilla Muralltharan
Chalr
16 D•c•mb•r 2025

## **SRI SELVA VINAYAGAR TEMPLE** 

## **INDEPENDENT EXAMINER'S REPORT** 

## **TO THE TRUSTEES OF SRI SELVA VINAYAGAR TEMPLE** 

I report to the trustees on my examination of the financial statements of Sri Selva Vinayagar Temple (the charity) for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). 

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. 

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. 

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 

- 2 the financial statements do not accord with those records; or 

- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. 

## **Samir Shah FCA, ATII Ramon Lee Ltd Chartered Accountants 93 Tabernacle Street** 

London EC2A 4BA 

## **Dated: 16 December 2025** 

- 4 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

|**Unrestricted**<br>**funds**<br>**Notes**<br>**£**<br>**Income from:**<br>Donations and legacies<br>**3**<br>397,442<br>**Total income**<br>397,442<br>**Expenditure on:**<br>Charitable activities<br>**4**<br>371,120<br>**Total expenditure**<br>371,120<br>**Net movement in funds**<br>26,322<br>Fund balances at 1 April 2024<br>561,731<br>**Fund balances at 31 March 2025**<br>588,053|**Total**<br>**2025**<br>**£**<br>397,442<br>397,442<br>371,120<br>371,120<br>26,322<br>561,731<br>588,053|**Total**<br>**2024**<br>**£**<br>397,860|
|---|---|---|
|||397,860|
|||337,742|
|||337,742|
|||60,118<br>501,613|
|||561,731|



## **CONTINUING OPERATIONS** 

None of the Charity’s activities were acquired or discontinued during the above financial years. 

## **TOTAL RECOGNISED GAINS AND LOSSES** 

The Charity has no recognised gains or losses other than the above movements in funds during the above financial years. 

The notes on pages 7 to 13 form part of these financial statements. 

- 5 - 



SRI SELVA VINAYAGAR TEMPLE
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Note•
Flxed assots
Tangible assets
428,404
503.895
Current a$s•t•
Cash at bank and In hand
261,554
207.528
Credltors: amounts falllng due wlthln
ono yèar
(19,549)
{29,342}
Net Gurrent assets
242,005
178.184
Total assets 1088 curr•nt Ilabllltl•s
670.409
682.079
Credltors: amounts lalllng duo after
more than one year
10
(82,356)
(120,348)
N•t assets
588,053
561,731
Income funds
Unrestrlcted funds
588,053
561,731
588.053
561.731
The notes on pages 7 10 13 fom part of these financial stalements.
The financlal statements were approved by the Trustees on 16 December 2025 and were signed on its behalf by:
Mrs Sharn)Ila Murallthar•n
Chalr

## **SRI SELVA VINAYAGAR TEMPLE** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

## **1 Accounting policies** 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the charity's constitution,  the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

The Charity’s Financial Statements show net surplus of £26,322 (2024 - £60,118) for the year and free reserves of £242,005 (2024 - £178,184). The trustees are of the view that these results have secured the immediate future of the Charity for the next 12 to 18 months and on this basis the Charity is a going concern. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

## **1.4 Income** 

Voluntary income including donations, gifts and legacies that provide core funding or are of general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.  Such income is only deferred when: 

- The donor specifies that the grant or donation must only be used in future accounting periods; or 

- The donor has imposed conditions which must be met before the charity has unconditional entitlement. 

Bank interest is included on a receipt’s basis. 

## **1.5 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. 

- 7 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

## **1 Accounting policies** 

## **(Continued)** 

## **Allocation of support costs** 

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities.  Support costs include back office costs, finance and administration personnel and governance costs which support the Trust’s programmes and activities.  These costs have been allocated between cost of raising funds and expenditure on charitable activities.  The basis on which support costs have been allocated are set out in note 4. 

## **1.6 Tangible fixed assets** 

Tangible fixed assets are stated at cost less depreciation. The cost of minor additions or those costing less than £500 are not capitalised. Depreciation is provided at rates calculated to write of the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 

Idol Ornaments Not depreciated Leasehold land and buildings Over 14 years Motor vehicles 25% net book value 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 

## **1.7 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## **1.8 Financial instruments** 

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## **1.9 Taxation** 

The Charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities. 

## **1.10 Creditors and Provisions** 

Creditors and Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation. 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises. 

- 8 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

## **1 Accounting policies** 

## **(Continued)** 

## **1.11 Donated goods** 

Goods donated for on-going use by the charity in carrying out its activities are recognised as tangible fixed assets with the corresponding gain recognised as income from donations within the SOFA. The donated goods are measured at fair value 

## **2 Critical accounting estimates and judgements** 

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

## **3 Donations and legacies** 

|**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**£**<br>**£**<br>Donations and gifts<br>397,442<br>-<br>397,442<br>-<br>**For the year ended 31 March 2024**<br>382,004<br>15,856|**Total**<br>**2025**<br>**£**<br>397,442<br>397,442|**Total**<br>**2024**<br>**£**<br>397,860|
|---|---|---|
|||397,860|
|||397,860|



- 9 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

## **4 Charitable activities** 

|Priest wages and salary<br>Premises cost<br>Food and consumables<br>Flowers<br>Other direct expenses<br>Share of support costs (see note 5)<br>Share of governance costs (see note 5)<br>**Analysis by fund**<br>Unrestricted funds<br>Restricted funds<br>**For the year ended 31 March 2024**<br>Unrestricted funds<br>Restricted funds|**Hindu**<br>**Temple**<br>**£**<br>42,479<br>65,506<br>58,325<br>32,563<br>11,678<br>210,551<br>157,569<br>3,000<br>371,120<br>371,120<br>-<br>371,120<br>321,886<br>15,856<br>337,742|**Total**<br>**2025**<br>**£**<br>42,479<br>65,506<br>58,325<br>32,563<br>11,678<br>210,551<br>157,569<br>3,000<br>371,120<br>371,120<br>-<br>371,120|**Total**<br>**2024**<br>**£**<br>74,808<br>82,091<br>28,833<br>22,589<br>14,344|
|---|---|---|---|
||||222,665<br>112,269<br>2,808|
||||337,742|
||||321,886<br>15,856|
||||337,742|
||||321,886<br>15,856|
||||337,742|



- 10 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

## **5 Support costs** 

The Charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between charity’s key activity undertaken (see note 4) in the year. All the general support and governance costs are allocated to activities at different percentages, based on staff time and the number of service delivery hours attributable to each activity. 

|Depreciation<br>General Office Expenses<br>Insurance<br>Communication (Phone + Stationary)<br>Legal and professional<br>Interest<br>Sundry Expenses<br>Wages and Salaries<br>Independent examination<br>Analysed between<br>Charitable activities<br>**6**<br>**Net movement in funds**<br>Net movement in funds is stated after charging/(crediting)<br>Operating leases rent<br>Independent examination fee<br>Depreciation of owned tangible fixed assets|**Support**<br>**costs**<br>**Governance**<br>**costs**<br>**Total**<br>**2025**<br>**£**<br>**£**<br>**£**<br>75,491<br>-<br>75,491<br>21,749<br>-<br>21,749<br>5,099<br>-<br>5,099<br>1,712<br>-<br>1,712<br>1,546<br>-<br>1,546<br>5,216<br>-<br>5,216<br>240<br>-<br>240<br>46,516<br>-<br>46,516<br>-<br>3,000<br>3,000<br>157,569<br>3,000<br>160,569<br>157,569<br>3,000<br>160,569<br>157,569<br>3,000<br>160,569<br>**2025**<br>**£**<br>60,000<br>3,000<br>75,491|**Total**<br>**2024**<br>**£**<br>75,491<br>19,802<br>4,828<br>1,787<br>3,266<br>7,095<br>-<br>-<br>2,808|
|---|---|---|
|||115,077|
|||115,077|
|||115,077|
|||**2024**<br>**£**<br>60,000<br>2,808<br>75,491|



## **7 Analysis of staff costs, trustees' remuneration and expenses, and cost of key management personnel** 

The average monthly number of employees during the year was: 

|Priests<br>Priest's Assistant<br>Admin staff<br>Total|**2025**<br>**Number**<br>4<br>1<br>4<br>9|**2024**<br>**Number**<br>4<br>1<br>2|
|---|---|---|
|||7|



- 11 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

|**7**|**Analysis of staff costs, trustees' remuneration and expenses, and cost**|**Analysis of staff costs, trustees' remuneration and expenses, and cost**|**of key**||**(Continued)**|
|---|---|---|---|---|---|
||**management personnel**|||||
||**Employment costs**|||**2025**|**2024**|
|||||**£**|**£**|
||Wages and salaries|||88,766|74,808|
||Other pension costs|||230|-|
|||||88,996|74,808|
||There is no employees whose annual remuneration was more than £60,000.|||||
|**8**|**Tangible fixed assets**|||||
||||**Idol**|**Leasehold**|**Total**|
|||**Ornaments**||**land and**||
|||||**buildings**||
||||**£**|**£**|**£**|
||**Cost**|||||
||At 1 April 2024|111,616||679,423|791,039|
||At 31 March 2025|111,616||679,423|791,039|
||**Depreciation and impairment**|||||
||At 1 April 2024||-|287,144|287,144|
||Depreciation charged in the year||-|75,491|75,491|
||At 31 March 2025||-|362,635|362,635|
||**Carrying amount**|||||
||At 31 March 2025|111,616||316,788|428,404|
||At 31 March 2024|111,616||392,279|503,895|
|**9**|**Creditors: amounts falling due within one year**|||||
|||||**2025**|**2024**|
|||||**£**|**£**|
||Accruals and other creditors|||19,549|29,342|
|||||19,549|29,342|
|**10**|**Creditors: amounts falling due after more than one year**|||||
|||||**2025**|**2024**|
|||||**£**|**£**|
||Bank loans|||82,356|120,348|
|||||82,356|120,348|



- 12 - 



## **SRI SELVA VINAYAGAR TEMPLE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_ 

## **11 Restricted funds** 

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: 

||||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|---|
|||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|<br>**Balance at**|
||**1**|**April 2023**|**resources**|**expended**|**1 April 2024**|**resources**|**expended**|**31 March 2025**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|Renovation|||||||||
|Project||-|15,856|(15,856)|-|-|-|-|
|||-|15,856|(15,856)|-|-|-|-|



## **12 Analysis of net assets between funds** 

|**Analysis of net assets between funds**|||
|---|---|---|
|**Unrestricted**<br>**funds**<br>**£**<br>Fund balances at 31 March 2025 are represented<br>by:<br>Tangible assets<br>428,404<br>Current assets/(liabilities)<br>242,005<br>Long term liabilities<br>(82,356)<br>588,053|**Total Unrestricted**<br>**Total**<br>**2025**<br>**funds**<br>**2024**<br>**£**<br>**£**<br>**£**<br>428,404<br>503,895<br>503,895<br>242,005<br>178,184<br>178,184<br>(82,356)<br>(120,348)<br>(120,348)<br>588,053<br>561,731<br>561,731||
|||561,731|



## **13 Related party transactions** 

There were no disclosable related party transactions during the year (2024 - none). 

- 13 -