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2025-03-31-accounts

Trustees’ Annual Report for the period

From Period start date 01/04/2024 To Period end date 31/03/2025 Charity name: SRI VENKATESWARA BALAJI TEMPLE

Charity registration number: 1182465

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 THE CHARITYS OBJECTS ARE TO
ADVANCE THE HINDU RELIGION IN
PARTICULAR BY CONDUCTING AND
PROMOTING THE HINDU CULTURE AND
ACTIVITIES SUCH AS 1. CONDUCTING
SPIRITUAL PROGRAMS, CEREMONIES
AND RITUALS 2. PROMOTING OF YOGA
AND MEDITATION 3. TEACHING OF
CLASSICAL AND TRADITIONAL INDIAN
VOCAL, MUSIC AND DANCE. 4.
PROMOTING VEGETARIANISM AND
ECO LIVING. 5. ADVANCING
EDUCATION IN HINDU CULTURE,
TRADITIONS AND HISTORY
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Here’s the List of activities performed
during the year 2024-25
•
Weekly Friday prayer
•
Monthly general Abhishekam
•
01.01.25 - New Year Prayer &
Celebration
•
26.02.25 - Maha Shivaratree Puja
•
30.03.25 - Ugadi Prayer &
Celebration
•
06.04.25 - Rama Navami
•
26.04.25 - Annual Sri Rama
Bhajanam
•
12.04.25 - Sri Hanuman Jayanti
Puja
•
11.05.25 - Narasimha Jayanti Puja
•
22.05.2025-Hanuman Jayani
•
08.08.2025-Varaha Lakshmi Puja
•
16.08.2025-Krishna Janmashtami
•
27.08.2025- Ganesha Chaturdhi
•
22.09.2025 till 02.10.2025 –
Navaraatri
•
04.10.2025- Govinda Puja &
Pushpa Abhishekam
•
21.10.2025- Diwali
•
25.10.2025 & 26.10.2025 – Kartika
maasa proposed Satyanarayana
Puja 1st week
•
01.11.2025 & 02.11.2025- Kartika
maasa proposed Satyanarayana
Puja 2nd week
•
05.11.2025 – Kartika Purnima
•
08.11.2025 & 09.11.2025 - Kartika
maasa proposed Satyanarayana
Puja 3rd week
•
15.11.2025 & 16.11.2025 - Kartika
maasa proposed Satyanarayana
Puja 4th week
•
01.12.2025 – Gita Jayanti
•
16.12.2025 - Dhanurmasa
Prarambham festival
•
30.12.2025- Vaikuntha Ekadashi
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees confirm that they have had
due regard to the Charity Commission’s
guidance on public benefit when
reviewing the charity’s aims and
objectives and in planning future
activities. In particular, the trustees
consider how planned activities will
contribute to the aims and objectives
set.

Additional information (optional) You may choose to include further statements where relevant about:

----- Start of picture text -----
SORP reference
Para 1.38
Policy on grant making
Para 1.38
Policy on social investment
including program related
investment
Para 1.38
Contribution made by
volunteers
Other
----- End of picture text -----

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Summary of the Main Achievements of
the Charity
During the reporting period, the charity
has made significant progress in
advancing its core objectives to
promote the Hindu religion and culture,
enriching both its direct beneficiaries
and the wider community.
1. Spiritual Programs, Ceremonies, and
Rituals
Regular spiritual gatherings, religious
ceremonies, and traditional Hindu
festivals were conducted throughout the
year. These events offered the
community opportunities for worship,
reflection, and connection,
strengthening faith and spiritual well-
being. Notably, major festivals such as
Diwali, Navaratri, and Holi were
celebrated with strong community
participation, fostering unity and
cultural pride.
2. Promotion of Yoga and Meditation
Weekly yoga and meditation sessions
were delivered, benefiting a wide range
of age groups. These programs
supported both physical health and
mental well-being, especially important
during periods of increased stress and
isolation. The sessions were well-
received and have encouraged ongoing
participation and lifestyle changes
among attendees.
3. Teaching of Classical Indian Arts
Classes in traditional Indian vocal
music, instrumental music, and
classical dance were conducted
regularly. These have helped to
preserve cultural heritage and have
been especially impactful for younger
generations, offering them a strong
connection to their roots and identity.
Students also participated in community

showcases, building confidence and community pride. 4. Promotion of Vegetarianism and EcoLiving The charity actively promoted vegetarianism through educational talks, workshops, and vegetarian catering at events. Campaigns highlighting the environmental and ethical benefits of plant-based living were shared with the community. Efforts to encourage eco-conscious practices, such as waste reduction and the use of sustainable materials during events, were also well received. 5. Advancing Education in Hindu Culture, Traditions, and History Educational sessions, guest lectures, and cultural storytelling events were organised to deepen understanding of Hindu philosophy, scriptures, and history. These sessions attracted attendees across age groups and were instrumental in nurturing knowledge and respect for the religion's values and contributions to global culture. Overall Impact: The charity’s work has contributed positively to the spiritual, cultural, and personal development of its beneficiaries. It has played a key role in preserving Hindu traditions and providing a sense of belonging and community, especially for younger generations growing up in a multicultural society. The wider impact includes promoting intercultural understanding, health and well-being, and environmental responsibility.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Para 1.41

Investment performance against objectives Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At 31 March 2025, the charity reported
total funds of £6,304 (2024: £3,047).
Income for the year was £37,987 (2024:
£30,622), comprising £37,617 in
donations and £370 in bank interest.
This represents a significant increase in
income compared to the prior year.
Total expenditure for the year, including
direct costs, premises expenses,
administration costs and depreciation,
amounted to £33,864 (2024: £30,779).
After taxation of £866, the charity
generated a net surplus of £3,257 (2024:
deficit £250).
The main costs continue to relate to rent
(£23,000), rates (£1,722), utilities,
insurance, consumables and
accountancy fees.
At the year-end, the charity held cash at
bank and in hand of £9,625 (2024:
£4,998). Net current assets stood at
£6,798 (2024: £1,305), with short-term
liabilities of £3,827 and accruals of
£1,800.
The charity remains financially stable
and solvent, with improved reserves and
sufficient liquidity to meet its short-term
obligations.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The trustees have considered the
appropriate level of reserves in light of
the charity’s size, income streams and
ongoing financial commitments. In
determining the reserves policy, the
trustees take into account:
•
The need to ensure financial
stability and continuity of
operations
•
The obligation to meet fixed
commitments such as rent and
rates
•
Potential fluctuations in donation
income
•
The requirement to manage
unforeseen or emergency
expenditure
At 31 March 2025, the charity held
£6,304 in unrestricted reserves (2024:
£3,047). These reserves represent
approximately two months of core
operating expenditure.
Amount of reserves held Para 1.22 Unrestricted reserves at 31 March 2024:
£6,304 (2023: £3,047).
Reasons for holding zero
reserves		 Para 1.22 The charity does not currently hold
designated or restricted reserves. This
reflects the fact that all funds received
are used directly to support ongoing
charitable activities, with little surplus
available for long-term accumulation.
Details of fund materially in
deficit		 Para 1.24 The charity has no funds that are
materially in deficit as at 31 March 2025.
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 The trustees have reviewed the financial
position and are satisfied that the
charity can continue to operate as a
going concern for the foreseeable
future. While reserves remain low, the
charity has a stable base of donor
support, particularly through standing
order donations, which provide a
reliable source of income. The trustees
are confident that continued fundraising,
community support, and careful cost
management will sustain the charity’s
activities.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing
document
(trust deed, royal charter)		 Para 1.25 MOA & AOA
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Company Limited by Guarantee
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointment of Trustees (Directors):
The Articles of Association set out the
following regarding trustee selection:
•
Minimum Number: The charity
must have at least three trustees
(directors).
•
Initial Trustees: The first directors
are those notified to Companies
House upon incorporation.
•
General Appointment:
•
Trustees (directors) may
be appointed by ordinary
resolution of the members
at a general meeting, or by
the other directors.
•
At each annual general
meeting, approximately
one-third of the trustees
retire by rotation and may
be re-elected (unless
numbers don't divide by
three, in which case a
number nearest to one-
third retires).
•
No person other than a
trustee retiring by rotation
may be appointed a trustee
at a general meeting
unless recommended by
the directors or nominated
by a member at least 14
and not more than 35 clear
days in advance.
•
Directors appointed by the
board: These must retire at the
next AGM and are not counted for
the purposes of rotation.
•
Constitutional Provision for
Removal:
•
Trustees may be removed
by a majority of members
at a general meeting or can
cease to hold office under
conditions detailed in the
Articles (e.g.
disqualification,
resignation, absence,
incapacity, etc.).
•
No Alternate Trustees: A director
may not appoint an alternate or
anyone to act on their behalf at
board meetings.
•
Eligibility: Trustees must be at
least 16 years old and not
disqualified under the Charities
Act 2011 or Company law.
Specific References
•
: Certificate of Incorporation and
original Memorandum of
Association
•
: Articles of Association as
adopted by written resolution 6
March 2015

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name Sri Venkateswara Balaji Temple
Other name the charity uses The charity is sometimes referred to asSVBT, and is also
known asSri Venkateswara (Balaji) Temple. There are
other Balaji temples in the UK, such as Shri Venkateswara
(Balaji) Temple of the United Kingdom (based in Oldbury,
West Midlands), but for the Croydon/South Croydon-based
charity (registered with number 1182465), they use “Sri
Venkateswara Balaji Temple”and“SVBT”.
Registered charity number 1182465
(This is for the registered charity based in South Croydon,
Surrey)
Charity’s principal address Unit 5, 429 Brighton Road, South Croydon, Surrey, CR2
6EU.

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Joy Avinash
ERIGADOO		 14/03/2019 – [present] Appointed by members at
AGM or by the board in
accordance with Articles of
Association
AppalswamySanyasi 14/03/2019 –[present] As above
Veerendra Kusnumah 14/03/2019 –[present] As above
Vijeyen Lutchamaiah
14/03/2019 – [Present] As above

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets Not Applicable held in this capacity Name and objects of the Not Applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not Applicable safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Joy Avinash ERIGADOO

Director & Trustee
26thFebruary 2026
26thFebruary 2026

Charity Registration Number : 1182465

SRI VENKATESWARA BALAJI TEMPLE

A CHARITABLE INCORPORATED ORGANISATION (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

SRI VENKATESWARA BALAJI TEMPLE

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

TrusteeS

Charity Number

Registered Office

Independent Examiner

JOY AVINASH ERIGADOO VEERENDRA KUSNUMAH APPALSWAMY SANYASI VIJEYEN LUTCHAMIAH 1182465 Unit 5 429 Brighton Road South Croydon CR2 6EU SRK Accountants Ltd 136 Sutton Common Road Sutton SM1 3JQ

SRI VENKATESWARA BALAJI TEMPLE

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2025

Trustees' Report

Statement of Financial Activities

Balance Sheet

Notes to the Financial Statements

SRI VENKATESWARA BALAJI 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.

Trustee's report and financial statements

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).

Trustees

The trustee, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

JOY AVINASH ERIGADOO (Appointed On: 14/03/2019)

VEERENDRA KUSNUMAH (Appointed On: 14/03/2019)

APPALSWAMY SANYASI (Appointed On: 14/03/2019)

VIJEYEN LUTCHAMIAH (Appointed On: 14/03/201

Trustee's responsibilities statement

The trustees, who are also the directors of Charity For Sri Venkateswara Balaji Temple for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees and signed on its behalf by:

JOY AVINASH ERIGADOO Trustee

Date : 26 February 2026

Page 1 of 7

SRI VENKATESWARA BALAJI TEMPLE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Recommended categories
by activity
Notes
Income and endowments
from:
Donations and legacies
2
Investments
3
Other
4
Total
Expenditure on:
Raising funds
Charitable activities
5
Other
7
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted funds
£
37,617.00
370.00
-
37,987.00
2,157.00
4,991.00
27,582.00
34,730.00
3,257.00
3,257.00
3,047.00
6,304.00		 Total Funds 2025
£
37,617.00
370.00
-
37,987.00
2,157.50
4,991.50
27,582.00
34,731.00
3,257.00
3,257.00
3,047.00
6,304.00		 Total Funds 2024
£
30,420.00
2.00
200.00
30,622.00
1,459.00
1,459.00
27,954.00
30,872.00
(250.00)
(250.00)
3,297.00
3,047.00

Page 2 of 7

SRI VENKATESWARA BALAJI TEMPLE

BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2025

Recommended
categories by activity
Notes
Fixed assets
Tangible assets
8
Total fxed assets
Current assets
Debtors
9
Cash at bank and in hand
10
Total current assets
Creditors: amounts falling
due within one year
11
Net current
assets/(liabilities)
Total net assets
Funds of the Charity
Unrestricted funds
12
Restricted funds
12
Endowment funds
12
Total funds		 Unrestricted funds
£
1,306.00
1,306.00
1,000.00
9,625.00
10,625.00
5,627.00
4,998.00
6,304.00
6,304.00
6,304.00		 Total Funds 2025
£
1,306.00
1,306.00
1,000.00
9,625.00
10,625.00
5,627.00
4,998.00
6,304.00
6,304.00
-
-
6,304.00		 Total Funds 2024
£
1,742.00
1,742.00
-
4,998.00
4,998.00
3,693.00
1,305.00
3,047.00
3,047.00
-
-
3,047.00

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The trustee acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 26 February 2026 and signed on its behalf by:

JOY AVINASH ERIGADOO Trustee

Date : 26 February 2026

Page 3 of 7

SRI VENKATESWARA BALAJI TEMPLE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.1 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

These accounts 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 (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts are presented in pounds sterling and rounded to the nearest pound.

1.2 Going concern

The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.

2. Income from Donations and Legacies

Unrestricted funds
£
10,754.00
4,500.00
-
5,172.00
17,191.00
-
37,617.00
Unrestricted funds
£
370.00
370.00
Analysis
Donation Box & Aarti
Donations from Trustees
Event Fund Raising
General Donations
Standing Order Donations
Trustee Contribution in Kind
Total
3. Income from Investments
Analysis
Interest receivable
Total
4. Other Income
Analysis		 Unrestricted funds
£
10,754.00
4,500.00
-
5,172.00
17,191.00
-
37,617.00
Unrestricted funds
£
370.00
370.00
Analysis
Donation Box & Aarti
Donations from Trustees
Event Fund Raising
General Donations
Standing Order Donations
Trustee Contribution in Kind
Total
3. Income from Investments
Analysis
Interest receivable
Total
4. Other Income
Analysis		 Total funds 2025
£
10754.00
4,500.00
-
5,172.00
17,191.00
-
37,617.00
Total funds 2025
£
370.00
370.00		 Total funds 2024
£
-
7,398.00
2,958.00
307.00
1,900.00
16,457.00
1,400.00
30,420.00
Total funds 2024
£
2.00
2.00
Total funds 2024
£
Other operating income
Total		 200.00
200.00

Page 4 of 7

5. Expenditure on Charitable Activities

Analysis
Cost of services
Total
6. Support Costs
Analysis
Support Costs
Prayer Consumables
Venue Hire
Governance Costs
Accountants fees
7. Other Expenditure
Analysis
Depreciation
Insurance
IT Costs & Consumables
Light & Heat, Rates & Water
Rates
Rent
Corporation tax
Total		 Unrestricted funds
£
1,034.00
1,034.00
2,068.00
Unrestricted funds
£
436.00
1,000.00
-
558.00
1,722.00
23,000.00
866.00
27,582.00		 Total funds 2025
£
1,034.00
1,034.00
2,068.00
Total funds 2025
£
3,369.00
945.00
1,800.00		 Total funds 2024
£
-
-
Total funds 2024
£
2,306.00
612.00
-
6,114.00 2,918.00
Total funds 2025
£
436.00
1,000.00
-
558.00
1,722.00
23,000.00
866.00
27,582.00		 Total funds 2024
£
647.00
701.00
198.00
499.00
2,815.00
23,000.00
94.00
27,954.00

6. Support Costs

7. Other Expenditure

Page 5 of 7

8. Tangible Fixed Assets

8.1 Cost or valuation
At 01 April 2024
Additions
Disposals
Revaluations
Transfers
At 31 March 2025
8.2 Depreciation and impairments
At 01 April 2024
Charge for the year
Disposals
Revaluations
Transfers
At 31 March 2025
8.3 Net book value
At 01 April 2024
At 31 March 2025
9. Debtors: Amounts falling due within one year
Prepayments & accrued income
Total
10. Cash at bank and in hand
Total funds 2025
£
Barclays
9,471.00
Petty cash
154.00
Total
9,625.00
11. Creditors: Amounts falling due within one year
Total funds 2025
£
Trade creditors
-
Accruals and deferred income
1,800.00
Corporation tax
963.00
Trade creditors
2,864.00
Total
5,627.00		 equipment,
fxtures &
fttings
£
15,490.00
-
-
-
-
15,490.00
13,748.00
436.00
-
-
-
14,184.00
1,742.00
1,306.00
Total funds 2025
£
1,000.00
1,000.00
Total funds 2024
£
4,990.00
8.00
4,998.00
Total funds 2024
£
3,596.00
-
97.00
-
3,693.00

Page 6 of 7

12. Charity funds

12. Charity funds 12. Charity funds 12. Charity funds 12. Charity funds 12. Charity funds
12.1 Details of material funds held and movements during the CURRENT reporting period
Fund names
Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
Unrestricted
funds
3,047.00
37,987.00
34,730.00
-
-
6,304.00
12.2 Details of material funds held and movements during the PREVIOUS reporting
period
Fund names
Fund
balances
brought
forward
Income
Expenditure
Transfers
Gains and
losses
Fund
balances
carried
forward
£
£
£
£
£
£
Unrestricted
funds
3,297.00
30,622.00
30,872.00
-
-
3,047.00
3,297.00 30,622.00
30,872.00
-		 - 3,047.00

Page 7 of 7