2023-03-31-accounts - London Sri Murugan Temple

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REGISTERED CHARTfY NUMBER: 1190790

		Page	Page
Report ofthe Trustees	1	to
Report ofthe Independent Auditors	5	to	8
Statement ofFinancial Activities
Balance Sheet	10	to	11
Cash Flow Statement		12
Notes tothe Cash Flow Statement		13
Notes tothe Flnandal Statements	14	to	20
Detailed Statement ofFinancial Activities	21	to	22

Page 2

					31.3.23	31.3.22
					Unrestricted	Total
					funds	funds
				Notes		6
INCOME AND	ENDOWMENTS		FROM
Donations and	legades				286 618	2977055
Investment income					61,963	64,619
Other income					497719	375 641
Total					546 300	737 315
EXPENDIIURE ON
Raising funds					666121	4427050
Other					91427	91427
Total					757548	533 477
NET INCOME					88,752	203,838
Other recognised gains/(losses)
Gains on revaluation		offixed assets				299 999
Net movement	in funds				88,752	503,837
RECONCILIATION		OF FUNDS
Total funds brought forward					10,662,935	10,159,098
TOTAL FUNDS	CARRIED FORWARD				10751687	10662935

			31.3.23	31.3.22
			Unrestricted	Total
		Notes	funds f	fundsf
FIXEDASSETS
Tangible assets 3ewellery Investment property		9 10 11	6,160,011 200,145 I 749999	6,251,438 199,145 I 749 999
			8,110,155	8,200,582
CURRENT ASSETS
Debtors: amounts Cash at bank and	falling due within one year In hand	12	18,053 2634 1913	21,782 2452 016
			2,652,056	2,473,798
CREDlTORS
Amounts falling due within one year		13	(10,524)	(11,445)
NET CURRENT ASSETS			2641532	2 462 353
TOTAL ASSETS LESSCURRENT LIABILITIES			10,751,687	10,662,935
NET ASSETS			10751697	10662935

14
	10751687	10662 935
	10751687	10662935

			31.3.23	31.3.22
		Notes	6	6
Cash flows from operating	activities
6ash generated from operations			~174643	401 648
Net cash provided by operating activities			~174643	~401 648
Cash flows from investing	activities
3ewellery donations interest received			(1,000) ~8344	(1,530) ~5532
Net cash provided by Investing	activities		~7344	~4002
Change in cash and cash equivalents		In
the reporting period			181,987	405,650
Cash and cash equivalents	at the
beginning ofthe reporting	period		~2452 016	~2046 366
Cash and cash equivalents	atthe end	of
the reporting period			~2634 003	~2452 016

RECONCILIATION		OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
				31.3.23	31.3.22
				I	E
Net income forthe		reporting	period (as per the Statement of
Finandal Activities)				88,752	203,838
Adjustments for:
Depreciation charges				91,427	91,427
Interest received				(8+44)	(5,532)
Decrease ln debtors (Decrease)/increase	In creditors			3,729 ~921	110,373 ~1542
Net cash provided	by operagons			~174643	~401 648

2.	DONATIONS	AND	LEGACIES
						31.3.23	31.3.22
						f	f
	Donations - Covenants					12,328	13,347
	Other donations					103,629	137,963
	Gilt aid					14,424	21,762
	Undlal collections 3ewellery Income					155,237 ~1000	122,453 ~1530
						~286 618	~297 055
3.	INVESTMENT	INCOME
						31.3.23	31.3.22
						f	f
	Rents received					53I619	59,087
	Deposit account	Interest				8 344	~5532
						~61 963	~64 619
4.	RAISING FUNDS
	Raising donaUons		and legacies
						31.3.23	31.3.22
						f	f
	Support costs					~343 197	~197 810
	Other trading activities
						31.3.23	31.3.22
						f	f
	Staff costs					165,207	142,604
	Pooja expenses					~157717	~101636
						~322 924	~244 240
	Aggregate amounts					~666 121	~I42 050
5.	SUPPORT COSTS
						Governance
				Finance	Other	costs	Totals
				f	f	f	f
	Raising donations	and	legades	~3708	~331723	~7766	~343 197

								31.3.23	31.3.22
								f	I
Wages and salaries								~281467	~230 737
								~281 467	~230 737
'The average	monthly			number of	employees		during the year was as follows:
								31.3.23	31.3.22
Priests								6	6
Cleaners								2	2
Sculptors								3	3
Religious workers								2	3
								13	14
No employees		received		emoluments		in excess of560,000.
COMPARATBIES FORTHE STATEMENT							OF FINANCIAL ACTXVIHES
									Unrestricted
									funds
									f
INCOME AND		ENDOWMENTS			FROM
Donations and		legades							297,055
Investment income									64,619
Other income									375 541
Total									737315
EXPENDITURE ON
Raising funds									442,050
Other									91427
Total									533477
NET INCOME									203,838
Other recognised gains/(losses)
Gains on revaluation			of	fixed assets					299999
Net movement		in funds							503,837

				Unrestricted
				funds
				E
TOTAL FUNDS CARRIED FORWARD				rt662 935
TANGIBLE FIXEDASSETS
		Freehold	Computer
		property	equipment	Totals
		E	E	E
COST OR VALUATION
At 1April 2022 and 31March 2023		~7277371	~13161	~7290 532
DEPRECIATION
At 1April 2022 Charge for year		1,025,933 91427	13,161	1,039,094 ~91427
At 31 March 2023		~1117360	~13161	~1130521
NET BOOK VALUE
At 31March 2023		~6160011		~6160011
At 31 March 2022		~6251438		~6251438
Cost or valuation at 31 March 2023 Is represented	by:
		Freehold	Computer
		property f	equipment f	Totals I
Valuation in 2001 Valuation In 2003 Valuation in 2016 Cost		(393,475) 1,698,523 781,868 ~5190455	~13161	(393,475) 1,698,523 781,868 ~5203616
		~7277371	13161	~7290532

Fair value	at	31 March 2023 Is
			f
Valuation	In	2001	(23,153)
Valuation	in	2003	337,368
Valuation	in	2016	67,640
Valuation	in	2019	150,000
Valuation	in	2022	299,999
Cost			~918145
			1~749999

12.	DEBTORS:	DEBTORS:	AMOUNTS	AMOUNTS		FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
												31.3.23 f	31.3.22 f
	Prepayments											~18 053	~21 782
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
												31.3.23	31.3.22
												E	E
	Accrued expenses											~10 524	~11 445
14.	MOVEMENT		IN FUNDS
												Net
												movement	At
										At 1.4.22		In funds	31.3.23
											E	f	f
	Unrestricted			funds
	General fund									10,662,935		88,752	10,751,687
	TOTAL FUNDS									10662	935	88752	10751687
	Net movement			in funds,	included		in	the above are as follows:
										incoming		Resources	Movement
										resourcrs f		expended f	In funds f
	Unrestricted		funds
	Genera I fund									846,300		(757,548)	88,752
	TOTAL FUNDS									~846	300	~757 548)	~88 752
	Comparatives			for movement			in funds
												Net
												movement	At
										At 1.4.21		In funds	31.3.22
										f		E	E
	Unrestricted		funds
	General fund									10,159,098		503,837	10,662,935
	TOTAL FUNDS									10159098		503837	10662935
	Comparative	net		movement		in funds,		Included	In the above are as	follows:
									incoming	Resources		Gains and	Movement
									resources E	expended f		losses f	in funds f
	Unrestricted		funds
	General fund								737,315	(533,477)		299,999	503,837

A current yea	r 12months and prior year 1	2months combined position is as follow	s:
			Net
			movement	At
		At 12L21	in funds	31.3.23
		6	6	6
Unrestricted	funds
General fund		10,159,098	592,589	10,751,687
TOTAL FUNDS		10 159158	592 589	10751587

		Incoming	Resources	Gains and	Movement
		resources I	expended 6	losses 6	in funds 6
Unrestricted	funds
General fund		1,583,615	(1,291,025)	299,999	592,589
TOTAL FUNDS		1~583615	(1~291025)	~299999	~592 589

		31.3.23	31.3.22
		6	6
INCOME AND	ENDOWMENTS
Donations and	legades
Donations - Covenants		12,328	13,347
Other donations		103,629	137,963
Gift aid		14,424	21,762
Undial coliecdons jewellery Income		155,237 ~1000	122,453 ~1530
		286,618	297,055
Investment income
Rents received		53,619	59,087
Deposit account	interest	~8344	~5532
		61,963	64,619
Other Income
Archanas		89,522	80,020
Ubayams		102,858	87+92
Other poojas		152,585	126,138
Outside poojas		25,040	33+60
Wedding services		47,235	18,443
Other income		19,243	17,053
Annathanam Natheswa ram/Thavli		55,586 ~5650	11,735 ~1300
		~497719	~375641
Total Incoming	resources	846,300	737,315
EXPENDITURE
Other trading acUvlties
Priest's, musicians	ik Cooks wages	165,207	142,604
pooja expenses		~157717	~101636
		322,924	244,2'IO
Other
Freehold property		91I427	91,427
Support costs
Finance
Bank charges		3,708	2,818
Other
Wages		116,260	88,133
Rates and water		9,364	6,'l79
Insurance		8,191	8,026
Carried forward		133,815	102,638

		31.3.23f	31.3.22f
Other
Brought forward		133,815	102,638
Ught and heat		48,063	8,931
Telephone		4,260	4,560
Postage and stationery		4,516	4,190
Sundries		95,608	44,684
Cleaning expenses		5,513	5,143
Repairs and renewals		21,722	6,159
Security costs		11,362	8,093
Computer expenses Donations		2,711 ~4153	2,343 ~3751
		331,723	190,492
Governance costs
Legal and professional	fees	~7766	~4500
Total resources expended		~757 548	~533477
Net income		~88 752	~203 838