2023-12-31-accounts

Sri Siddhi Vinayak Mandir Charity No. 01181371 Trustees, Report and Unaudited Accounts 31 December 2023

Sri Siddhi Vinayak Mandir Contents Pages Tru5tee5' Annual Report Statement of Financial Activities 2to3 4t04 Summary Income and Expenditure Account Balance Sheet Sto5 6t06 Statemènt of Cash flows 7t07 Notes to the Accounts 8t013 Detailed Statement of Financial Activities 14to15 Page I

Sri Siddhi Vinayak Mandir Trustees Annual Report Sri Siddhi Vinayak Mandir The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2023. REFERENCE AND AOMINISTRATIVE DETAILS Charity No. 01181371 Reglstered Office 10 Bronte. Avenue Kingsmead Milton Keyne5 MK44LQ Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year.. S. Krishnamurthy N. Kumar G. Mahadevan L.V. Pachala R.R. Raja M. Sethuraman R. Sreevats R. Venkataraman Accountants DNS Associates Chartered Management Account 382 Kenton Road Harrow, Middlesex HA3 80P The Tru5tee5 are responsible for keeping proper accounting records that disclose with reasonable accuraey at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safegtjarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the Small companies regirne as set out in Part 15 of the Companie5 Act 2006 and in accordance with the Charities SORP IFRS 1021. Signed on behalf of the board N. Kumar Page 2

Sri Siddhi Vinayak Mandir Trustees Annual Report Trustee 23 August 2024 Page 3

20, , 1,24	13 , 13 20, 90 17, 90 17, 23 2,7 23 2,7 23 2,7 90 32 , 4 1,2 51 18, 85 17, 85 17, 66 966 66 333 30, 333 30
20,5 17,7 17 18,2 17,2 17
, 27 ,
,
2,7
2, 32 30, 30

----- Start of picture text -----
|||| |---|---|---| |18,25120,513| |18|20,513|,251| |17,28517,790| |17,285|17,790| |2,723|966| |2,723|966|

----- End of picture text -----

----- Start of picture text -----
||||| |---|---|---|---| |5|32 234|,|991| |5|2 2343|,|991| |30,33332,090| |30,33332,090| |30,33332,090| |3032,,333090| |30,33332,090| |30,33332,090| |3032,333,090|

----- End of picture text -----

----- Start of picture text -----
2,723 966
966 2,723
2,723 966
52 54,449 53,,692200
53,991 52,234
53 52 ,991 ,234
----- End of picture text -----

Sri Siddhi Vinayak Mandir Notes to the Accounts for the year ended 31 December 2023 l Accounting policies Basls of preparatlon The financial statements have been prepared in accordance with 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 IFRS 1021 leffective I January 20151 Icharities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Art 2(K)6. Change in basis of accounting or to previous accounts There has been no change to the accounting policies Ivaluation rules and method of accountingl since last year and no changes have been made to accounts for previou5 years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestrirted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for vse subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charitv becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported 8ross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and onby when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts 8ift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilitiès where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the a¢count5 when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gainslllossesl on investment a55et5 This includes any gain or loss on the sale of investments. Page 8

Sri Siddhi Vinayak Mandir Notes to the Accounts Expenditure Recognition of expenditure Expenditure 15 recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of it5 activitie5 and charitable activities services in the furtherance of its objects. including the making of grants and govèrnance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support cost5 not allocated to a particular activity. Grants payable Governance costs Taxatlon The Charlty is exempt from corporation tax on its charitable activitles. Freehold Investment propertv Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities ès thev arise. Stocks Stock Is Included at the lower of cost or net realisable value. Donated items of stock are recognlsed at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are re¢ognise(J at the settlement amount due after èny tTade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and Cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of financial position, bank overdraft5 are shown within borrowin85 or current liabilitie5. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand 3nd form an integral part of the company's Cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditor5 and provisions are normally recognised at their 5ettlernent amount after allowing for any trade discounts due. Page 9

Sri Siddhi Vinayak Mandir Notes to the Accounts Research and development Expenditure on research and development is written off in the year in which it is incurred. Forelgn CUr￿n¢le5 Monetary assets and liabilities denominated in ¢urrencies other than the fun¢tional ¢urren¢y of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Leasèd assets Where the charity enters into a lease which entails tskin8 substsntially all the risks and rewards of ownership of an asset. the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating lease5. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the Inception of the lease or, if lower, at the present valve of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the ¢haTity'S policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease Incentlves are received to enter into operating leases, such Incentives are recogni5ed as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Penslon cost5 The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into 3 Separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered fund5. Recelpt of donated goods, facilitles and ser¥i¢es All donated goods, facilities and services received are recognised within incoming re50urce5 and expenditure at an estimate of the value to the charity. 2 Company 5tatU5 The company is a private company limited by guarantee and consequently doe5 not have share capital. Page 10

----- Start of picture text -----
Donation 19,26917,007 19,26917,007
1 7 0079 , 269 1 97 007 , 269
----- End of picture text -----

Archana tickets 1,244 Special events 1,244

Bank Interest

----- Start of picture text -----
Other Direct Costs 98 705 , 211 8,7059,211
7,202 7,202
875 875
17, 285790 17,28517,790
----- End of picture text -----

----- Start of picture text -----
18,220, 51 3 (17,285)(17,790) 30,33332,090
1820,513,251 (17,285)(17,790) 30,33332,090
32,09030,333 3 0 3332 , 090
32,09030,333 3032,090,333
----- End of picture text -----

----- Start of picture text -----
2,264508 5 2 2343 , 991
2,264508 5 32 234 , 991
2,264508 5 2 2343 , 991
----- End of picture text -----

19,2 1,2 17,0	69 19, 44 1,2 44 1,2 513 20, 211 9, 211 9, 202 7, 07 17, 705 8,7 705 8,7
1,2
20,
9, 9 8 8
, 7, 7 6 7 3
	49 6 13 3
	515 7, 51 7, 60 15 36 562 790 17, 790 17, 723 85 17, 85 17, 6
, , 3
17
, 17, 17,2 17,
2, 96
	2, 723 2 6
2 9

Sri Siddhi Vinayak Mandir Detailed Statement of Financlal Artlvlties Other Gains Net movement in funds 966 966 3.317 Reconclllatlon af funds.. Total funds brought forward 29.367 29.367 26.050 Total funds ¢arrled forward 30,333 30,3.33 29,367 Page IS