6iiifL6ir ￿{￿*%￿ir (3&rrufl LONDON SRI MURUGAN TEMPLE Re8lStered Cbatity No.. 1190790 78 CHURCH ROAD. MANOR PARK LONDON E12 6AF TEL: 020 8478 8433 BOARD OF TRUSTEE5 ADVISORY TRUSTEES Mr. R.C.A. Anpananthar Mr. P. Dakshinamoorthy Mrs. S. Krlshnasamy Mrs. P. Raguvaran Mr. S. Sampathkumar NOTICE OF ANNUAL GENERAL MEETING Notice 15 hereby giver) that the ANNUAL GENERAL MEEYING of London Sri Murugan Temple will be held on Sunday, 26, JANUARY 2025 at the TEMPLE HALL. 90 Church Road, Manor Park, Londork E12 6AF fTom 2.'30pm to 4..30pm. You are kindly requested to be present. TRUSTEES PRESIDENT Mr. G. Ramadass AGENDA VICE PRESIDENT Mr. R. Renganathan Miss. V Thambyrajah l. Prayer 2. The President's address SECRETARY Mrs. P. Sekar 3. To confirm and approve the minutes of Annual General Meeting held on 24 March ASST. SECRETARY Mr. A. Ramanathan 2024 and matters arising therefrom. 4. The Secretsrfs Annual Report and matters arising thereffOWII. TREASURER Mr. G. Sath5amoorthy 5. The Trea5urerfs Annual Reports, audited statements of accounts. Balance sheet5 UP ASST. TREASURER Mr. R. Panneerselvam to the period Ol" April 2023 to 31, March 2024 and matter arising therefrom. 6. Vote of thanks. Mr. A. Gopal Mrs. M Gopalanathan Mr. l. Muthu Mr. G. Nagaralan Mr. R. Narayanan Mr. G. Poominathan M¥s. L. Rajagopalan Mrs. R. Ramachandran Mr. R. Ramasamy Mrs. R. Sekaran Mr. M. Sivam Mr. P. SivasubTamanian Mr. M. Thenappan Mr. P. Vlhayakumar Kind regards Yours sincerely P Sekar (Mrsl Secretary 04. 01. 2025 LONDON SRI MURUGAN TEMPLE ANNUAL GENERAL MEETING 26 JANUARY 2025 Dear Members. VANAKKAM and blessings from London Sri Murugan. l avn once again very fortunate and privileged tts report for the second year as the p￿SIdent of the world-renownÈd London Sri Murugan Temple_ This is a great, memorable moment in my life. 2024 was very successful year in a nufflber of ways. I would 14ke to thank my predecessors, advF50ry trustees I trustees. our learned priests, and Iledicated Staff. We provide ￿ligIouS and cultural services efficiently by LJ5ing limited resources with the full co-operatr.on of the trustees and volunteers with the aim to fulfil the Temple's objectives. We have the support of our members. devotee5 and well-wishers to achieve our aims. 2024 was a very challenging step change year for our administration. and we have ende3voured to improve by adapting to modern technology and new forms of communication. We understand the importance and latest development5 in technology, 2nd we have introduced and initiated programmes for the benefi't of our devotees. We are now communicating and updating our members and devotees by email and on the web51te. Thi5 ha5 svb5tantially increased the number of devotees, thai attend the Temple and has in turn. generated increased revenue for the Temple. We have recruited Vaishnav priest to enable us to widen the services we offer to devotees. We have also added second chef to meet the demand of increased Annadhaanarn. which ha5 in turn brou6ht in additional incomÈ for the Temple. l am also very pleased to announce that we have started the renovation ofthree hou5es- 72, 74 and 76 Church Road with the help of Architect Mr. Rajasekaran IARCiCON- An Irbtegrated Approachl. The work commenced in May 2024 and will be completed by April 2025. We have also instructed Architect Mr. F￿e￿n3￿ (freeman ankerman partnership- Architect5 & Surveyors) for the redevelopment I refurbishment of 90 Church RoBd and the initral drawing work is in proEress. The work 15 due to hopefully start in August 2025. The London Borough ol Newham have not been parhcularly forthcoming with their asslstance to developing this space to meet the needs of the Temple ènd its devotees. De5Plte thi5, we will contintje to persevere with our renov3rion plans to seek planning application as thi5 Hall 15 an integral part of the Tetnple. We are hoping that Mr Freeman's wealth ol experience and relationship with Newham Council, means that our planning application will be successful. We are however also in dire need of financial support to fulfil thi5 pr0￿Ct_ This is a mulrimillion-pound project and we m3nzged to raise some funds by way of donarions and from varioLJS fundraising projects but your suggestions for any new fundraising methods are welcome and appreciated. Our 2025 plans also include online religious classes. This is currently being constructed. The Teinple 15 3150 due to introduce cultura1 acriviries for younger children 50 it creates a sense of community and provides a 5afE space for children and the younger generahon. Once again. I would like to thank our advisory trustee5, trustees, priests arbd staff for their hard work and co-operation lor the successful running ol day-to-day activity of our charity. Recenily at the last Members meeb"ng. the member5 expressed their immense support and encouragement towards the Temple'5 plans and Success which is inspirational. Finally, I kindly request all the members to visit the temple Irequently with fafnily and participate in all temple poojas and festivals io receive the ble55ir)gs of London Sri Murugan Temple. Thanking You amadass President a)6UNLffjr ￿ (UD￿5&&ir (3&rtull&i LONDON SIU MURUGAN TEMPLE Registered Cbwiry No.. 1190790 78 CHURCH ROAD, MANOR PARK LONDON E12 6AF TEL: 020 8478 8433 loThJonsrfmu ANNUAL REPORT I APRIL 2023 TO 31 MARCH 2024 Dear Member5 We the 8oard ol Trustee5 are pleased to p¥esent theAnnual Report. together with the audited statement of ccount5 for the year ended 31 Maich 2024. BOARD OF TRUSTEES Mr. R.C.A. Anpananthar Mr. P. Dakshinamoorthy Mrs. 5. Krishnasamy Mrs. P. Raguvaran Mr. S. 5ampathkumar Advisory Trustee Advisory Trustee Advisory Trustee Advisory Trustee Advisory Trustee Mr. G. Ramadass President Mr. R. Renganathan Miss. V. Thambyrajah Mrs. P. Sekar Mr. A. Ramanathan Mr. G. Sathiamoorthy Mr. R. Panneerselvam Wice Presldent Vice Prèsident Secretary Asst Secretary Treasurer Asst Treasurer Mr. A. Gopal Mr. l. Muthu Mrs. M Gopalanathan Mr. G. Nagarajan Mr. G. Poominathan Mrs. R. Ramachandran Mr. R. Narayanan Mrs. L. Rajagopalan Mr. R. Ramasamy Mr. M. Sivam Mr5. R. 5ekaran Mr. P. 5ivasubramanian Mr. P. Uthayakumar Mr. M. Thenappan Dear Members On behalf of the Board of Trustees, l awn delighted to submit my annual report lor the period of 1" April 2023 to present date. It has been another successfvl year lor the temple. Our piimary locus lor the year has been to ensure that we conduct signature evenis for the iemple In a systemaiic and professional manner. Efforts was also made to impiove and rationalise our aclministration processes and systems to piovide the best possible services for devotees to meet their needs which were well recewed. The unique identity of our temple has been attracting not only rhe local Hindu community and devotees but also visitors fiom 811 over England and lunher afield. Our temple has ils own speciality in providing religious poojas and fesiivals eonducied and performed t*y our highly qualified and deijicaied piiests led by our chief priest. Sri Naganath35ivam Guiukkal. They conduci poojas and seNices with devoiion and sincerityensuring a holy and welcomifig enviionmenl In the Temple. There is oftell a tnutual bond of iesp8cI and trust between priests and devotees. The temple is very important place for tnany in our community. 8nd plays a crucial role in the borough. It is a real focus for community 8Ctivity, and lor creatinga sense of belonging. The success olrhe iemple not only depenos on Ihe Board of Twsiees bui also on the respeci and reverence ol the priests wilhin the community. We have successfully awarded 52 replacement memberships to allihose who mei the criteria and as such we welcome these members io bring iogeiher and develop Ihe inieresis of London Sri Murugan Temple's vision and objeciives. We organi5ed 8 get together meetingto welcome our new tnembers to theorEanisationwhi¢hwas held on 7 De¢etnber 2024. Th2re are a number of families who are yet to correspond wilh us and as such we have sent repeated reminder leiiers to encourage them to uptake the respeciive ieplacemeni membershiplsl. l am happy to ieport thai we are nearing the completion ol the refurblshmeni of Ihe temple properties on Chureh Ro¥d lollowillgsuccessful plènningpermi55ions. OurTruste8s areworkingtirele851yto assess the feasibilityof 18fiJrbishment andloi rebuild of the temple hall io lullil the needs of the temple. We ar London Sri MuruEan Temple aim io aspire to leave behind 8 lastinglegacyfor OLFrfLttuie generation and as s￿ch would like tot8kethe opportunityto se8kyour support and contribution in respect ol our capital project. We willendeavoijr to keep you updated ol further developmenis. The redevelopment and relaunch ol ourwebsile hasseen a large numberoldevotees browsingour sites extensively. The visual design has helped it connect with ouf devoieeslvi51tois. attract mole bookings and increase awareness. Mr Divakar is now resporisible foi updatsng the website on a Fegutsr basis so thar our devotees and well-wishers are able 10 access all relevanl and up to date infoim31ion in a iimely manner. We are also in the process of developing child corner as an ideal way to encourage and help children learn aboui Hinduism as pail of Ihe religious educaiion curriculum and get a fiisthand expefience of Hindu faith in praclice. Many teachers and stLFdents visit our temple and find their irip to the temple educational, inspiring and memorable. Addilionally, the devorees io rhe temple have increase(J due 10 Ihe growing popularity which in part is due to our dedicated chann81 on YouTube. M8ny devotees would h8v8 had the opportuniiy lo view many special Iwe poojas being live srreamed, svch as Skanda Shashti. Soorasamharsm, Thiruvillakku poola, Navaiathri and annual Chariot le5tiva15 etc. Our religious work8rs and adfflinistr8tors nafflely. Mr DN8kar Sankara Gurukkal, Mrs Uma VinothKumar. Mrs Solai Vineeih and Mrs Poorni Sivakumar hdve been insirumenial in iniroducing a number of intefnal qualiiy Impiovement initiatives to facilitate the administrative proces58s and systems. The weekly information feed to display 811 imporiani poojas and religious lesiivals wilhin the iemple ai a glance has been welcomed by our devotees. Additionally. we are striving to develop various administrative automation to simplify or streamline administraiive taskslworkllow so Ihat we can move away from our 18gacy practlC8slproce55e8. Volunteers are our backbone in runrking day lo day temple activiiies_ l am ever so grateful for their commiiment, enrhiisiastn 8nd dedication as they ale such a vÈtal parl of our successful operation. The work of the Truslees has been end015ed showing complete trust and confidence in their ability to meet the chaiiiies objective5 8nd ils welfaie. Thiough the continuous hard work and eNoil of our Trustees, priests, administrators and ai)cillary stall. we woik as onfr cohesive leani and lake ihe appropriaie decisions io ensuie that the temple continues to serve the religiou5 and spiriiugl needs ol the community. Pronioiingand undersiandineol"HinJuisii) Is iruly ai the heart ol everything we do every day. l ani happy to say that London Sri Mufugan Temple is so vibrant Wllh the elloris of the Advisory and Board olTru5teeswhi¢h has gi(wn immènsely. None of these initiativescotjld have been achieved without the grace ol Lon51￿[[￿¢s6￿j&1TWlo LO￿￿[LI ￿6￿￿)¢*60)Gr[wLtl LLL61i@ a&u6i) u@y)g6yc￿ aNth6ffl60r [￿￿1￿1160)LoVJ￿6N C￿￿￿￿￿￿[r[S[t1. 5t￿&6ffl6U[ Q&￿6k)Utr@&6O)GY[ cLDLLlU(P￿￿6￿tt). ￿￿￿￿6￿6￿[ GgJ60)6￿*S6￿J6llU C&60)6￿￿6￿)6Yr 6)flLtUfj￿(o[ti GuJfyiQ&N6T16Ytiiui@ Gy<￿6)G￿￿LI). C¢sThGJ5l￿GN g16rfl￿￿QlLOr[￿oTg U*5y)￿th61T LOL@￿*￿ GIGMGffl￿rrfy&6ffl￿) 6￿[￿[[) u&g•iJ*56O)fftT J6fj)£O￿jLDffi (￿(￿&&6Yr 560t6O)LD6O)￿ ￿tr￿tr￿ a8￿61)uL￿ 6￿￿6}jG￿ (t￿)[&￿T C&ff(fft11&51601 S60nff 8JifjiiJ. G￿￿[[) LoL(&￿61)￿ttty 467)W u600y1￿[t￿T￿U￿6oj6ll tY)trwÈt) a&60[￿> ¢9J6VU ￿￿ilL5)6171jl￿)￿s￿(4 W￿￿￿)[[¢% Tr(￿6￿6￿)[J jULn(OT￿tr& LOttff>ffj)iii U60bffttOIGi) c￿￿5￿C6T[[[lLl CU)￿L[l g)&iotL6St Cthtr6fj1&Stiir Cfjtr4S&N&6rt Low￿l£l fy6V6Otffim6 LLLD 7 4OLiIUTJ 2024 $J￿￿1T(9 a81iJg4 W•O)LQufy)ffj)y c￿￿[[1 8JfFGULt) Q&60t o) ￿￿u￿160[[i￿6ffi(tiT (4@l[>UN¢%￿￿ ￿6￿[J￿6th6o1 Quurj LO￿￿￿}LL1 a¥UJ￿ LS600t@ 60)60r￿LL£1j t5￿￿1[]1￿6￿)611 ￿￿Lt￿l￿Gi1c6n1[L(>. tro C4TtTity61) Lffl6rt C&tt6fj16i) WL[) U&*41&6ffl(OT c￿6￿￿6￿￿6￿)6y[U L0lbMLU￿6v)fju LwuO)*fj£i) y6OTrythL0UU￿￿jI￿[[601 ot1￿$1￿1￿j￿￿l&65>Gv[ 6)j{￿a6￿[C￿￿ii). 6iifL6it ￿ ￿￿￿60[ C&￿611]66761j 6tN>t 6TOrythtt67) u[TryirJuffjw￿60j￿ 6fj1i@u Qo6i)W6v)fj c￿[[&&L[)[[thth Qthw6iM@6YQ6)TtrirJ, 6T6OtG6JJ ttW&6Yt CUOW*60t GLDL{)Utr@¢￿>Gff uwll3 6fj16616oY GLOL(iu(Pjg)UULL opa)t() 6wtFfflUJTT60t C¢%ttol•S60t C*6o)6)jW￿60t c560)6￿&60￿ffl Q¢%rt6rr6fT6yLO . W60tuO6y QffILJ￿ ts[ti￿ 6￿[￿&)￿)[[￿￿fft7 LwuOI&(SLt) Qu[t￿li161)U G5W￿l£ll￿1￿cl. QJ6Ottt6il U&*ry&6YI ￿￿￿1[[) a)ii) 6)S1(￿l[lo)&6rt ￿6￿>60[￿￿ ￿&6￿61)￿￿￿)￿￿[[I &￿1￿[r6￿[ Q&tt6Ttth 6Yt6Ytg . ￿6￿)￿076￿￿1L wjirj a&60[￿60)DO1￿rF5I) CSJrriL51gJth( S￿(￿[[) £EYtGrtW ￿L0vj th6i16fj1u LWLSSILL_￿ffjI60r ui4ffj1￿r( ￿6￿u)Umu 6￿46￿0￿￿uj@lr$ u6vollu5l￿ (￿uJ￿￿1&ffl CLo￿al￿[r6716y[uULQ uui4OuSlo) ￿60)M￿￿61[6)I U61t6ffiufjla) Lorf6O0r6)J￿&6yt 6bMWLKOt ￿j(￿6￿)& &LDUJg?96ir Mffj1￿Jl￿J KOI 6￿￿)Ll[ri& lu)6V>￿&S0)ffl Q&tt6Yt6Yt (¥0￿6￿￿>￿ c￿￿l[l ￿￿￿￿￿￿161) ￿6￿l[￿ 619619￿, bry&[()￿￿JLcb. ￿6￿)￿. y*QJfJtt*O￿I (￿L[r￿￿1j Cutr61t￿ 61g)uy ￿trujU￿ L6YIGrtO. KfjIG60ttt* (swThri. O(fjLoO co￿60)6v 6ffl60Tfj Lofyi￿LI) IfyLofjI 4j&j￿ thtM&6Tt UaDyi￿r[£YrIJ￿GYr @￿6￿1[& U6u W)￿￿167￿6￿)￿ (￿￿61￿j ulFJ&[roJ￿WM(rTKOT c￿￿[[) C&tV6JS)•519i ￿L￿t{s ￿601601￿9 LOW￿[15 LO* 6fj1wrt&t*6M6fTWLi) a￿￿￿61[ Lb160T Ug*tr6mth&6Yt Go)6￿￿&￿UL@ffl[6lF ￿￿@￿6￿[[￿. fjrJ6Ytt&U U6oof)&6fl ufftluuttu64th6O)6rt £r6th60)LO￿rr￿ u6i)C61J￿ fjiJ6UtV*5 [￿6)c￿l[[￿. Qthtr61116i) U60ffj&6ffl6i) Qy)tt600fL Ti&6ffl&iT UN456rlliJu Lo￿￿il[) ￿￿Li￿￿O011￿U ￿)￿£￿[[) (U)&&￿l0[[6￿tty. C&tr6ffl&5160T 6Yry&6tIIKoT urri1&6TIIuy ryG)J(r&LiI KtuCuttgLO Qt%trGi)67> &LGMLD ULI4(￿&&￿ . Ctstru51675160T G￿trI¥)&￿t%61T Lo￿￿1($ ￿￿0(0[￿61)￿ a&rT6tot@ g)[M&￿6￿6V￿&￿l[I u&thuJ16fj)60t ￿1￿L[)UL ft(Putti@L60t QouJ6i)Ui@ LO￿￿Li¥ (y)lu￿6)uSI￿0l QPWit]. ￿m>6￿[G￿(￿L(j i&(W6urtt% QU[t￿li￿Lo[[6Or 6T@&&C￿[[Lr1. fyirj ￿KOT￿)IrL(l) ￿￿￿6)sI￿GI) (y)6Th￿￿)767) C&￿LuN@8)G¥[ t&l&64it) (y)&&JuLOtt6Jt*tr& LGiTfflg". [F￿￿tr6￿&)￿￿6Ii 14bCwTh&6S>KOTI (SQQ6fj160t w)uJw61wtt6i) 0)6fj0tL60t (y){￿￿60[ 6￿611￿￿01 6r6otu6o)￿ ￿￿￿O61￿L￿Or Q&tr6tT6Jc￿j6IT. 67)6WOtL(OT ￿ ￿{￿&601160[ (￿￿[[￿[0, fj6mGuoJfjIKoT 6￿￿&¢￿[[L@￿&U￿￿Ltj . 4CGVN&60)60t ￿￿)￿&w6￿6V￿￿6V{ Log)￿L[) 6Jm60t 6UWtith6ffl60t ¢9JJfJG41() YJ 6TW6yiiJ ly1w￿[r aTriJ&6iT QJJfjl6fj1&& 6111(￿l(ll4acwl[lb. Ri ￿rE600[￿￿1w) Gr￿￿u60[ 4Lt)6ru- Minister of State for Social Securities & Disability . GLILi4Gi) Ilford QU)0)￿60)[￿U U6ll6fft c￿￿1[00￿(0)Ln )ttuS1i . Q￿6ffl* . ￿E19...CutrtyL UtriiL60ni6¥Qit 6tW6tg)fjiu51601 6y . Uftfj16fvLg & 6￿￿￿&￿l￿rj￿6I1 *) &1fj16i) Lo￿￿lL[) thu4[￿60￿1)￿(Oi, LO Q&rr8th C&[[6111￿￿6ffl r9JéJCwffJi ￿6￿6￿6￿(￿li) LOTr￿[[) ￿￿￿rr￿￿1&601fjIr Q¥ffj6JflgJwthQ&tt6Yt&ICwFtLtI 8llrJurt& m60{￿[[]i￿￿ Q￿￿}6)51*￿ty￿Qtht[6ffaG￿6Or. CLDW 60)60rjg￿LiI 6￿￿6￿[[&￿[ ￿k¥j￿GnL0 6)Jtt6i)&ffi6 Qu>IT60￿@ I￿1()LJL Q&wwui@ 6yrJ6JJl(fy4%(fjLr) 60N4Éi)C&ttuJl&5160t urr@u@C6UWt(J a￿￿16)51￿9 a&￿[11￿)G￿61I. Cu)glLQJ 6￿6￿03￿6￿[ uffj (4OlfyUJSTrI (Yj6mTGffl￿ ￿60[a&￿6￿LI￿I[Gy[ty, u￿91￿￿[1￿61t U)￿)￿Li) U&JlitYJ6TT ￿6D6￿T￿j(fyIi) uoMthlthbiT, ￿￿0￿￿[[￿￿6T1. u)￿￿Li1 C&rwuI6i) (fjIC696l9N&6ffl￿lCS Q¢%ff600T@ ￿60[LI1. 60[ 6V6NLbiT ¥ffj iuo(fythu Qu(fjLDTholl Uth￿IL@￿. Q8ul6u￿ @J￿6}516￿r ¥uiiutr456uirJ 4 2025 LONDON SRI MURUGAN TEMPLE TREASLIRER'S REPORT December 2024 Dear Members, l am pleased to present the Treasurerfs report and audiied financi3151atements for the year ended 31. March 2024. Ihe notes below surnmari5e the Temple's financial performance over the year. Overall flnancial performance Income for the year ended 31" March 2024 was £963.845 compared with the previous year of £846,300. The increase in income reflects a significant increase in all Temple services resulting from an uplilt bn numbèrs of devotees visiting ihe Temple. Expenditure (excluding depreciation) during the year arnouAied to £735.077 compared with £666,121 for the previous year. This much higher ￿fIe£t5 the costs of increased seNices. most significantly. a huge ri5e1£44.9681 in the cost ol gas and electricity, increased Chariot festival costs. secuiity, repairs and maintenance ar)d some property development costs as well as increase in staff costs. Surplus for the year excluding depreciation was £137,341 compared with the previDUS year of £88.752 showing the increase in income. As at 31, March 2024, cash reserve5 Stood at £2.74m The above is 2 brief review ol the Temple's finances. If members wish to have further information or clarification. please feel free to conlact me through the temple. The underlying financial posilion of the Temple is strong. Income is steadily increasing reflecting the increase in numbers of devotees and services. EKpcnditure Is, however, increasine at a faster rate as more money 15 5penl on staffing, repairs, cleaning and upkeep. We have also starled the relurbishment ol the Temple properties which will increase the C05t of iapital expenditure. Some spend was incurred in 2023-24 which was not £apitalised. All future spend will be fulty capitalised. Thank5 The Temple is very popular attracting many devotee5 and visitors regularly from all over the country a5 well as from abroad. I would like to Join fellow Truslees in thanking our Priests and Mrs Solai Vineeth lor their dedication. Thank5 also tu uur Sculptors and all other staff for their commitment and hard work. I hanks lo our auditors, Mr Ashok Shah and Mr Maulesh Shah ol Ashlord partnership. for their independenl audii services provided free ol fees. Finally, Thanks to all the Members, Trustee5, Piiests and Staff for all Ihe sijpport you have given me. Mf G Sathiamoorthy Treasurer 4" january 2025 REGISTERED CHARITY NUMBER.. 1190790 RT OF THE TR S AIID DI FINANCIAL sfA S FOR THE Et40ED 24 NDO GAN fEM NDON SAI MURUGANT NTENTS OFTHE FINA R THE YEAR ENT Pa9e Report of the Trustee5 I to 4 Rep￿ of the Independent Auditors 5 to 8 Statement of Finanrial ArtivitKes Balance Sheet 20 to 11 Cash How Staternent l2 Notes to the Cash Flow Statement 13 Notes to the Financial Statements 14 to 20 Detsiled Statement of Financial Activities 21 to 22 LONDON S RUGAN TEMPL REP THE TRUSTEE HE YEAR ENDED 31 MAR The Iru51ees present their rqxKt with the financial sratements of the chwity for the year ended 31 March 2024. The trtistees have adopted the provisions of Acc(KJnting and Re￿rti￿ by 0%3rities.' Staten*nt ￿ Recomfflended Practice applicable to charit￿$ weparing their accounts in Kcordance with the Fin￿1￿ Re￿rtIng stsndard applicaNe in the UK and RewJNic of Ireland IFRS 1021 leff&tive l January 20191. OBJECTIVES AND ACTIVITIES Objectivès and aims The London Sri Nuru9an Ternple'5 tKYnary rniss1￿ is to worTX)te Hifidu ￿ll￿tIeS and related cultural and charitable activiti￿. The org3nisalion prOV￿e5 the follo￿r￿j semces for devotees and the con¥nunity.' - Wèce of wofship - Religh)us services at the rempfe ènd into the conwnunity - ￿]eetIng place fof elderty Cultural actr￿tieS - Wedding seNices The Temp￿ employs Itiests and othet fdigK￿5 workers who carry (xrt in the Temfv and into the Community for (kvotees_ The TeM[￿e abo provide5 a c(Knmunity hall for service5 ass￿ated wilh Temple activitie5 for devotees and in the Community. Review of Progress and Achievements The Charity reachp.rt a majof mikstone In May 2(x)S when the newty c￿${r￿ted Tewe was owed with Mahakumtthbishekam cerernony. The 0￿ing has been highly successful and the Temrle conts"nue5 lo be altended by substantial number of devotees and Mgtors on a regular ba515. The Tenwe ha5 been recogni￿ as a landmark by Nevham Council. In 2017, another Kumbhabishekam was cor%Jucted and celebrated folk)wing 12 yeats of the OPL¥hing ol the Tcmplc, as is the traition. In 2018 the Trustees and Management comniittee appoinled Archite(ts a￿[ consultanis to begin the procoss of devcloping a comtnunity centre to provide more aptKopn"ate facilites as wdl as a wedding hall for the devote￿ ol the temple. A corn$￿erable amount of w￿k was comrAeted durin9 2020 ￿th desHJns and tneetings wth the London Borough of Newham to oblain planning conSe￿t before development cwld begin. Hohwever we hève not tEen able to progress with the proposed develownent a5 the local aulhority h35 insisted on housing development gn thc site. The Irustees cl) not ionsider this to be apwopriate for the Temple and de(￿led to revisit the designs with (I view to reniodelling the existing bJildings to prowde Ihe prow)5ed serv￿(S. The Trustees subsequenfty subFThtied ￿an5 ID ￿e￿ild houses on ste and these ￿vek1pmentS a￿ current urbderway. The ￿lId t￿graMMe commenced in A[￿1 2024 and i£ ¢*Je to be cortwleied in ear￿ 2025. TeM￿e wès in lockdown for consideiabfe periods during 2020 and 2021 due to the Covid 19 pandemic. Ihe Temple had been 0[Erati￿g in a resliicte(I manner confomiiry to QsvernmeTrt gumktines orh Cowd 19 safety pr￿aUtK>nS. Du"Ing Ihe lockdown period. the Ternple v4a5 able to furl¢yJgh staff un(Jer the CK>vernrrtnts Job Retention Scheme and the Ten)ple continued to pay slaff in full and where wssitAe extra fvnds womded to atleviate any diffKulties Ourlng this period. During l(Kkdow'n, a new System for ￿rfOrming archanas arMI pooias on line was introduced I￿ June 2020 to help devotees unable lo v151t temple. This has woved to successful and is an integral part ol the TetntAe's Viebsite se￿ice5. The Temples income red￿ed duiing 20?.0 and ?.O?I due to restrictiorbs on actimty ond understsnd3ble lower attendance of devotees but incon* ha5 retiirned to we-paThJemic levels in the last 6 rTh)nths. From the year 2022-23, Ten7plp activitie5 have retiirned to pre-parKlemK levd5 and tEyond as devotee nirinkrs ncrease. Page I RI MURUGAN TEMPLE EPORT OF THE TRUSTEE R THE YEAR END OBJECTIVES AND AcTivfriE5 Public beneflt The Charity has continued to provide many rel￿NJuS service5 In the Tempk for the benefrt of the communty. The Temple rE￿lItateS cultural programmes and acliMb"e5 on 3 regular bass whith provKle5 a rneetiffj lor the elderly nd the young. The Temp￿, its facililie5 and the religious fuKtK)ns ￿tom7ed by the temrAe are to the general ryjtlic without any entrance fee charges. Trustees confim that they have given due cortstderation to the Charity Cornmission5 wblished gUKlan￿ on the public benefil reouiremL'nl undef Cliarilies Acl 2011. Volunteers The Trustees are grateful to the volunteers who TrElped dunng the year W carrytng out attiwties lor the charity. Many volunteers give up their time to hdp, parkncuL4rfy at weekends and In the evenirrfjs afKF we are greatly indetied to these volunteers for their commitment and supwrt. FINANCIAL REVIEW Financial position During the year, the Charity generated lotal Ir￿ome amounbrwj to £963,84412023 £846,301). The t(knl expenditure for the year amounted to É826.503 {2023 [757,5481. resulb.ng in net sUrp1￿S after deweoatK)n for the year of £88,753 2023 {£I37,3411 before other recognised gains. The Cha￿ty had cash reserves anywnling to E2,836,016 at the balan￿ sheet date12023 £2,641,533). The Trustees intend to utrlise ￿rne ol tIEse reS￿Ir￿S to redevelop its prowtses to wovide a wedding hall, a community resourte ntre and to acquire further adI￿ning properties to provKle suffiC￿nt car parknng spxes. Durirhg the year £35.485 w8$ spent on Architect5 and consullants in p￿￿ration lor redeveloFKnent of 3 Temple properties. The Temple Ireehokl prOrErtl￿ were valued by the Tru51ee5 at £7.27M on 31st March 2022 èrnd the investmenls propertie5 at £l.75M on 31st Ma¥(h 2022. In the opinion of the Twustees these rLyesent fair value èt the .3ls March 2024 year end, The 13ir value reserve at the balance sheet date arYKKmted to £2,086,917 lor the freehoW propertEs and E831,854 for the investment propertie5. Ihe TIu51ees acknowledge and thank the auditors ft)r the auth.ting servKes wow(kd by the auditors on a voluntary basis. Prlncipal funding sources The Ch3rity's tnoin sourr.es of IrKome for the year wa5 from voluntary donations which amounted to £325,611,{2023 £286,619) and from sp￿la1 sKayet seNKes and othel aCti￿tieS whitti artthjnled lo £593,32812023 £497,719) Reserves policy Tlio Iruslees consider that the TemFAe h￿1 Suff￿￿[ IKiuid fund5 at the bala￿e sheet dète tr> rneet the charities Immp.diate future requiiements. To reduce the risk ol over eX￿￿litUre. proper pll￿ed￿re5 lor (iuthonsètion of all transa(tK￿s exist. To further mitigate the r15k the management comrnittee carry out strict contrds on finance5 atKJ pe¥iodic review of procedur STRUCTURE, GOVERNANCE ANO MANAGEMENT Governing document London Sri MuTrigan TeM￿e is registere(S as a Charity witt) the Chanty Ccmnmission In A￿"1191& under charity number 271097.lt is wiierned by it5 ((￿5t1tutIOn kst upjated in July 1996. In August 2020, LoThlon Sri Muruqan Temple became re9lSterod as a Chaiitable IncorrK)rated Organisation wrth a nehy Constitiitiori and ne%v registtabon number 1190790.The Charity Commission wiff continue tri hoEd trx)th reoistration numbers u[￿1 the trar*sler prrxess to the new organigation Is Co￿7p1￿te￿. Recrultment and appointment of new trustees There are 26 Trustees who mE.k* LIP the Board of Trustees. Tru5tee5 are electgd bTr' ftw.ni￿.r£ every three years e¥trpt for S advisory trustee5 viho will remain in off.ce lor a terffl of Six years. Page 2 LONDON ANTEMPLE REPORT E YEAR END E5 STRucfLIRE. GOVERNANCE AND MANAGEMENT Organisational struclure The Trustee5 are res￿nSible r(w the day lo day ruTrnrvJ of the ternp￿. The Trustees on a rnoTrthty bas￿ to review telnple activities and finances. The Trustees give their time freety and receive no remuneratson c* other finarKial tEnefits. Indurtion and training of new trustees New trustees are tnade aware of ihsr ￿p￿sIbili￿"eS. This iThJuction incI￿jeS an intr￿U￿10n to the objectives. scope nd policies of the charity- The trustees apkx¥nted are usualty familiar wilh Ihe activiLI￿ of the charity as they are members. The tEw trustees are given Irdining by eK15ting committee members arKI are reguLHrly bricfod on changes in regulations. REFERENCE AND ADMINISTrATIVE DETAILS Registe¥ed Charity number 1190790 Principal addless 78-90 Church 51oad Nanor Park LorKfon E12 6AF Truste¢s Advisory Trustees Mr. R.C.A. Anpananthar mr.F.Da￿hInanKwJrthy Mrs.S.Krishnas3my Mr5.P.Raguvaran Mr.S.Sampathkumar Executive Trustees Mr. C..Ramadas5- PresKlent Mr.R.Renganattkan - Vice pr&￿ent Mi55.V.ThambyraJah-Vice Posident Mrs.P.Seknr- Secretary Mr.A.Ratnanatharb- Assistant Secretsry Mr.G.Sathiam(x)rthy - Treasurer r4r.R.Panneerselvam - Assistant Treasurer Mr. A. Gopal Mrs.M Gopalanathan Mr.l.Muthu Mr.G.Nagawajan Mr.R.NaTayanan Mr.C1.Ponminanthan Mrs.L.RaJagcwalan M.-s.R.Rarnachandran Mr.R.Rawsarny Mrs.S,Sekaran Mr.M. £ivam Mr.P.Sivasubramaniam Mr,M.Then3pparn Mr,P.Uthayokumar Auditors Ashfords Partnership LLP 114 - 116 Goodmayes Road (Statutory Auditors) Essex IC13 9U Page 3 TEES IMAR ED STATEMENT OF TRIISTEES, RESPONSIBILITIES The trustees are res￿nSIble for Ihe Report of the Trust￿ a￿1 the financial sratements in &COrdan￿ with applicable law aryj United Kingdom kcounting Standards IUnite(S Kiwm f*nerally Accepted Accounting practi￿). The law aw>licable to charities in EThJlaMI and wa￿5, the charit￿$ Act 2011. Charity (Accounts and RepDrtsl Regulations 21M18 ar￿ the provisions of the tfust deed rcqvircs the truglees to rwre financial statements for each financial year which give a true and lair wevi of the slate of affairs of the charty and ol the irKomiry resources and application of resources, ir￿ludINg the Incr￿ and e¥r￿dItu￿, of the chanty for that In ￿￿aring those fwnoal ststements, the trustees are required to select suilable accountiw ￿)licIeS and t￿n apfyy them COn￿Stenty.. observe the methods and prin0￿e5 irn the Charily SORP,. make judgements and estimates that are reasonaNe and prudert,. state whelher applicèNe accounting standards have tEen fdbwed, Subj￿ to any material deP￿t￿￿$ d￿lOSed and explained in the financk)I sta￿ments.. Pre￿re the financial slèLernenis on ihe goiNJ ccfficern twsis it 15 Inappro￿late to wesume that the chanty will continue in ￿￿ne$s. The trustees are responsible keepirKJ proFEr accountirwj re((Yds ￿thich disck)se with rea50rkatAe 3ccurBcy at any time the financial WlK)n of the charity and to enable them to ensure that the financial statements compty with the Charitie5 Act 2011, the Charity {Accounts and Rerx)rts} Regu￿￿)n5 2008 and the wovisions of the t[￿st deed. They are also reS￿nsIble for safeguarding the assets of the charity and he￿￿ for ta￿"[￿j reasonab￿ steps for the Eyeventrion and deteclion of fraLKJ and other irregularitie5. Approved by order of the iK)ard of trv5tee5 on .. . and &gned on its be￿lf by.. Nr Ci Sathiamoorthy- Trusree Pcw4 ORT OFTHE IND LOND PENDENT AUDtTORSTO THE T MURUGAN TEMPLE STEE Opinion We have audited the financial 5tatrments of London Sri Mvrugan Tern[￿e (the charity'l for the year ende 31 March 2024 which comprise the Statetnent of Finanoal Actiwknes, the Balance Sheet, the Cash Flow Statement and notes to the fin8noal statements, indudiry a summary of significant accounting policies. The financièl ￿porting framework that has been applied in their preparatM)n is appI￿A￿e law ond United knngdom Accounting Staiidards (United Kingdom Generally Accepte¢S Accounbrig PraC1t￿l. Jn our opiniort the finanoal statements.. give a true and fair view of the state ol the charitys aflaits as at 31 Marth 2024 an(J of its incorning resources and application of resources, for the year then ended,. have been properly popared in accordance véilh Unit￿1 Kingdotn Generalty Accepted Accounting Pracb'ce., and have been prepared In accordance with the requirements of the Charities Act 2011. Basis for opinion We conijucted our audit in accordance with International Standards on Audibng {VKI IISAS {UKII and applicable law. Our responsibilities under those standards are further described in the Auditors. resrM)nsibilities for the audit of the rinancial statements Sectio￿ ol wr rew>rt. We are irKJependent of ihe charty in accordance with the ethical requirements that ale relevant to our audit of the financi31 statefflenls in the UK, inclwjing Ihe FRC'5 Ethical Standard, nd we have fulfilled (Kjr other ethical reS￿)￿ibl11kne5 in aciordance wth tF*se requI￿r￿entS. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a b￿15 for ¢¥¥nion. Conclusions relating to 9dn9 concern Ln auditiw the Iinanc*l statements. we have concliided that the trustees. use of the going concern basis of accounting In the tKeparation of the financial 5taternents is appropriate. Based on the work we have performed, Lye have not iden￿fied any material uncertèinb.es relabng to event5 or conditK)ns that, individually or collectivelyi may cast $1gnificant thwbt on the charity's ability to continue as a going concern for period of at least twelve nionths froni when the financial statements are autlK)r15ed for i5S(Je. Our responsibilities and the re5tx)nsiknlities of the tsustee5 Wlth resm to going (C￿￿e[n are descri￿ In the relevant section5 01 thi5 report. Other infortnation rhe trustees are responsible for the othei information. The olher Informat￿ COtTrprise5 the information included In the Annual Report, otfriet than the financial statements and our RepNt of the Indeppndent Auditors thereon. Our opinion on the Cinancial statements not lover the other itiformatify) and, except to tlie extent olhdwise expliiitly stated in our FeiKIFt, we do not exwess any form of a￿vranCe conilu510n therwn. In connection with our Budit of the financial statements. our responsi￿"11￿ 15 to Ihe other inloin)ation and, in dDing so, consider whether the other Infoin)alion is tnaterially inconslstent ¥Yith the financial statetnent5 or our knowledge obtained in the audit or other%vise ap?ears to be maleiially niisstated. Il we Idenlify such material incon5islencies or apparent material nii551atements, we are require¢ to deterniine bvhether this gives iise to a niateiial n)is5tatenient in the financial siaienients theniselves. If, based on the work we have peilormed, we cotKlude th6t Ihere is a niaEerial mis5tatenienl of this other inlormatioii. we Bre ieouired lo ￿￿x)rI t1￿1 fact. We have nothing to retK>rt in this regard, Matters on which we are required to report by exception We have notliiiig to rpi)tsrt 111 re.speci of the ffollowiiig tnhtiers wliere the Chari:ie5 (Accounts Rei)ortsl Reglilations 2008 requires lis lo reth)rr to yoii Il, in oui OPii?101)-. the inlormation given in the Report Gf the Trustees is iPc(M￿lste[7t In 611y rnateiFal ie5pect willi tlie financial slatefflenls,. or sullicieiit accoiinting records have iK)t been kept.. or eetnent ¥%itli the acccrtiiiting iecord5 and ietunli, 01 we Iiave ieceived all the Inloinialioii aii(J explanabons we Tequire for oui aiidit. NDEPENDENT AUDITORS TO NDO USTEES Responslbllltles of trustees As explained more fully in the Ststefflellt of Tru5teeg Resp)tbsiLN"lib"es. the trustees are r&p)nsible for the weparation of the fillancial stètements whKh give a true and fair Ine￿. and for such intemal control as the trustees determine Is necessary to enatAe the weparation of financrdl State￿entS rhat are free frorn material misststement, whether due to frauj or error. In pretmring the financKal stalernefits. the tiustees are re¥M￿YbIe for ￿e$s1r￿ the charity's ability to co￿tinue as a going contern, disclosing, as applicable. mattefs relaied to going cor￿e1Th and usiry the ging cOn￿r￿ basis of ac(ountiry unless the Irustees either intend to Iwuidate the charity or to ￿se operations, or have no realistic alternative t￿t to do so. Page 6 FTHE INDEPENDE RS TO THE TRUSTEES OF NDON SRI MURUGAN T Our responslbllltles for the audit of the flnancial statements We have bee￿ appointed a5 auditors under SectK)n 144 of the Chari¢*s Act 2011 and rewt in accordance wth the Act and relevant regulatiorns rnade or hawng effect thereunder. Our objectives are to obtain rea￿nable assurance atx)ut whether the fironcial slatements as a whole are f￿e frotn rnaterial misstatement, whether due to fraud or ermr, and to issue a Rep)rt of the Independent Auditors that includes our opinion. Reasonable assurance is a high level ol assurance, ts rK)t 3 guarantee that an audit conducted in ccordance with ISAS (UK) will always detect a material mi55tatement w￿n it e)tists. Misstatements can arise from fraud or error and are considered rnaterial if, indiM¢Jualty or in the aggregate, they could reasonably be expected to Influence the economic decisK>ns of users taken on the ba￿5 of these fjnancial statements. The extent to whi(h our wocedures a￿ capaNe of detecbng inrguknril￿$. including fraud is detailed bekm.. Extent to which the audit was considered capable of detertin9 Irregularities, including fraud We identify and as5e55 the r￿kS of materrdl tnisst6tements of the fina￿la1 ststenienis. whether due to fraud or error, and then de51gn and tErform audit wocedures reswnsive to these risks. induding obtaining audit evidence that is sufficient and appropriate to provide a bè&s of our opul1￿. Identifying and assessin9 Potential risks related to irreyularitie5 In identifying and as5e55i￿g risks of material msttatement in reS￿t of irregulanties, Indudin9 fraud and non-compliance with law5 and regulations. we con5KJered the fdh)wing.' the nature of thp charities actiMtE5. control environment and bjsiness wforfnance,. the ie5uIts of our enquiries ol managernent about their own identification and a55e5sments of the risks of irregularibe5,' any maiters we identified having obtained rewewed the companvs ￿lICi￿ and procedures relating lo.. identifying. evaluating and conipIw'ng wilh laws and regulatlOn5 and whelher Ihey weie aware ol an instarKes ol non COTnplh3nce- detecting and r￿ponding to the risks of fraud and whether they have knowledge of any actual, 5U5pected or alleged Ir6ud,. tlie matters discussed among the audit engagement team regarding how wheie Iiaud might occur in the linaTrclal statements and any indicators ol fraud. In common with all audits un(kr 15As (UK) we a￿ also required to perform specific &￿￿edureS to ressx>nd to the risk ol management overrKIe. We also obtained an understanding of the legal iegulatory framework that the cornp3ny operates in, focusing on the provisions 01 those law5 and regulations that had a direct effect on the determinatk)n of material an)oiint5 and disclosures in the fIna￿la1 statements. such a5 Conipanies Act 2006. In acklition, Ive considered the provisK)ns ol other law5 and regulations that (k) not have a clirect effect on the lini)ncial slaleinent5 but compliance wlh which niay be fundafflental to the Coi)panls ability to operale or avoid a iiialeria1 penalty. Audit response to risk identified Oijr procedure5 to respond to riths K*nb'fied included the foliOWlng'. Reviewing tlie finèncial slatenient distlosures to assess con1￿1311(e %vith prowsion5 d relevant laws aiid regulations desciibed as hèving a direct effect on the financial statements,. Performing 3nhlylica1 procedur* to lidenlify aiiy illlLiswI or uiiexpected relationships that may indicate niaterial Inisstcilement due to Ircllld,. li) adilressing the risk of Iralid through man3￿￿}ent override of ionti"01s. the t￿tr"I79 of aypropiiateness ol journal enlries ano other adjiistnient5 and evaliBting Ihe biisiiiess rdtionale of any Sfgnificant transactlDllS that are iiniisiial or oulside of the iiornial course (h l)usiiiesg. Wo rilso comniLinicatcd relcvcinl idenlilied la*'15 and regiilations and ￿tentI￿lI fTciud ii*k to lill the engcigefflenl lerlTrl InLiiibei¥ a'i(1 ili¥(l alvfl lu aiiy Iii(Iiialions of IraLI(l ui iion-cMiklIaTr￿ wilh laivs and rccJLilations throti(JhoLII Ihe Prting Strdndard aNli[ab￿ in the UK and RepulAic of Ireland, arbd the Charities Att 2011. The finantk315tatefflents have b&n prepared ur￿r the histr)rical c￿t convention. Income All income is recognised in the Statement of Financial ActiwtE5 OtKe the d)arity has entidernent to the fvrKls, it is probable that the income will received and Bmounl can ￿ rnea￿red ￿liat￿y. Expendi￿re Liabilities are ￿ognIsed as exFenditure as SO￿ as there 15 a legal or (ly￿t￿l¥e c&lwJab"on c¢ynmittiNJ the charty to that expenditure, il is protKAble that a transfer of @c0￿m￿ t￿erIts will t* required in settlement and the amount of the obligatton Can be measured relhibly. Ex[￿dIt￿re is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to category. Wheie costs cannot be directlv attributed to particular headirvJs they have been alk)cated to activities on a basis con5Stent with the use of r￿OUrCeS. Allocation and apportionment of costs All ctssts incurt8J by the chwity are alknted against the General Fund. Tangl￿e fixed assets Depreciation is prowded 3t the folk)wirng annual rates n order to write off each asset over tts estimated u*ful Freehold Buikjings Computer equipment . in accordanTr with the property - 33% on cost No DeprecSakn"on is prowded on Investment properOe5. Investment property Investment property is slwin at most re￿nt valuat￿n. Any aggregate surplus C￿ deficit arising from changes in fair value is recogniseé in the Statement of Financial Actiwties. Investrr*nt property 15 5howffl at tll05t recent valuaticn. Any aggiegale >J￿$ or deficit ari￿ry frorn ch3nges In tnarket value is transferred to a tsir value re5eFVe. Taxation The charity is exernpt fr(bm tax on its charitable èctmties. Fund accounting Unrestricted funds can be used in accordance with d*ritalle obFchves at the discreti￿ of the trustees. ReStr￿ted funds cèn onty be used for particular ￿trIcted pJrp)ses ¥￿thin the objects ol the char"ty. R￿tr￿t￿)n5 rise when specified by the Ik>nor or when fund5 are raised for partitular restricted purp￿. Page 14 conlinued... LE NO THE FOR TH ST YEAR ENDED TEMENT I MARCH ntlnu 024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations - Covenants Other donations Gift aid Undial collections jeWel￿ry income 12,328 103,629 14,424 155,237 125,789 11,161 176,794 325 612 INVESTMENT INCOME 31.3.24 31.3.23 Rents receNed Oepo*t account inter￿t 18.100 53,619 RAISING FUNDS Raising donations and legacies 31.3.24 31.3.23 sUp￿rt COSt5 394 831 343 197 Other trdding activities 31.3.24 31.3.23 staff costs Pooja expenses 185,382 165,207 157 717 322 924 Aggregate amounts 735,077 SUPPORT COSTS Cwernan Costs Finance Other Totals Rai9ng donations and legac*s Page 15 ntinued... L014DON SIU M NOTES TO THE FINANCIAL STATEMENTS- contlnu YEAR ENDED IMAR TRUSTEES, REMUNERATION AND BENEFITS There were tK) trustees. iemuneiation or oV*r l￿efitS for year ended 31 March 2024 nor for the year ended 31 March 2023. There were no trustees, expenses for the year ended 31 Marth2024 IKX for the year ended 31 March 2023. STAFF COSTS 31.3.24 31.3.23 Wages and salaries 310 720 310 720 281467 The avernge monEhly nUm￿r of empbyees duriw the year was as fr￿lOw5.. 31.3.24 31.3.23 Priests Cleaners Sculptors Religious workers Admin staff 16 16 No em￿oYeeS received ernolumenrs in e¥cess of E60,000. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACIIVITIES Unrestritted funds INCOME AND ENDOWMEKfs FROM Donations and legac￿5 286,618 Inveslmenl income Other Inc(yne 61,963 497 719 Total 846 300 EXPENDITURE ON Raising fLind5 666,121 Other Total 757 548 NET INCOME 88,752 RECONCILIATION OF FUNDS Tothl funds brouyht furward 10,662,935 Page 16 continued... Page 16 contynued... N0014 RIM LIGAN TES TO THE FINANCIAL STATEMENTS - contin R THE YEAR ENDED I MARCH 20 COMPAFiATIVE5 FOR THE sfATEMENT OF FINANcfAL ACTivrriES- corttinued Vnre5r￿Cted funds TOTAL FUNDS CARRIED FORWARD 10 751,687 TANGIBLE FIXED ASSETS Freehold CcThputer vopetty e￿i￿ent Totats cosr OR VALIIATION At l April ?023 and 31 March 2024 7 277 371 7 290 532 DEPRECIATION At l April 2023 Charge for year 1.117,360 13.161 1,130,521 At 31 March 2024 1208 787 1 221948 NET BOOK VALUE At 31 Marth 2024 At 31 March 2023 6 IfA)011 6 160,011 Cost or valuation at 31 Narch 2024 is represented by.. Fieehokl PFoperty Computer equitThent Totals Valuation in 2001 Valualion in 2003 ValualK)n in 2016 Cost {393,4751 1,698,523 781,868 5,190 455 {393,4751 1,698,523 781,868 5 203 616 7.277 371 7 290 532 The freehold land and building are ItKated al. No 2,4 6nd 6 Browning Road, London E12 and at No 64-70. 78 and 90 0)urch Roèj, London El2. The 11eefv￿d properties are 5&ted a￿ve at cost of £5, 190.455 ￿uS fair value ¥eserve of £2,086,916. ID. JEWELLERV Total MARKET VALUE At l April 2023 Additio 200, 145 At 31 March 2024 203 345 NET BOOK VALUE At 31 Narcli 2024 203 345 At 31 March 2023 200, 144 Page 17 ioDtinueO... Page 17 continued. Rt M iIGAN TEMPLE NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED io. JEWELLERY- continued The Jewellery fvnd represent5 rAJ ￿ &fver jewelP•y artides donated by devotees and is valueé at market value at bala￿e sh￿t date. Cost or valuation at 31 March 2024 i5 rqKesenred by: Jewellery Valuation In 2021 Cost 71,487 131858 203 345 11. INVESTMENT PROPERTY FAIR VALUE At l April 2023 and 31 March 2024 NEf 800K VALUE At 31 Marih 2024 1749,999 At 31 Marih 2023 1749 999 The InvestnEnt yopertiLS are l(Kated at.. No. 8 & 26 Browning Road, E12 at No. 72-76 aiurch Road, London El2. The InvestrrErit propert*s are stated atK)ve at cost of £918,145 ￿u$ fair value re*rve of £831,854. Fair value at 31 March 2024 is rekryent& by: Valuation in 21KII valuakn.on in 2￿3 Valuation in 2016 Valuation In 2019 Valuation In 2022 Cost {23, 1531 337,368 67,fr10 150,1)DO 299,999 918 145 1,749 999 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Prepayrnents PagL 18 coi)tinued... DON SRI N AN MPLE TES TO THE FINANCIAL STATE THE YEAR ENOED 31 MA NTS- tlnued 13. CREDITORS: AMOUNTS FALLING DUE wTfHIN ONE YEAR 31.3.24 31.3.23 Accrued ex￿ 14. MOVEME1￿ IM FUNDS Net movement in fvnds At 31.3.24 At 1.4.23 un￿$triCted funds General fund 10,751,687 137,341 10,889,028 TOTAL FUNDS 10 751687 137341 10 889 028 Net ttK)vetrEnt in funds, induded rn the above are as ￿k)w$.. Inccwning Resources exrended Movement in fund5 Unrestrirted funds General fund 963,845 1826.504) 137,341 TOTAL FUNDS 826 5(Pll 137341 Comparatives for movement in funds Net movement In fuFKJ5 At 31.3.23 At 1.4.22 Unrestricted funds Genero1 fund 10.662,935 88.752 10,751,687 TOTAL FUNDS 10 662 935 10 751687 Cornparalive net movemen: in funds, induded in the atx)ve are as fdk)ws'. In£omTng res(xJrces Re￿rCeS expended Movement in funds Unrestricted funds General fund 846,300 1757,5481 88,752 TOTAL FUNDS 757 5481 Page 19 continued... LON SRI MURUGAN TEMPLE NOTES TO THE FINANCIAL ￿ATEmENTs - contin FOR YEAR DED 14. MOVEMENT IN FUNDS- continued A current year 12 nK)nth5 and pri(x yea¥ 12 months combined position is as fdlows.. rlet rrM)vement in fund5 At 31.3.24 At 1.4.22 Unrestrieted fund5 General 10,662,935 226,093 10,889,028 TOTAL FUNDS 10 662 935 226 093 10 889 028 A current year 12 rnonth5 and pr￿T year 12 monlhs comiy.nej net Mov￿ent in fvrKJs, i￿jude￿ in the above are as follows.. Incotning resources Resour￿$ expended Movement in funds Unrestrteted funds General fur)d 1,810,145 {1,584,0521 226.093 TOTAL FUNDS 1810 145 11.584 0521 226 093 15. RELATED PARTY DISCLOSURES There were no relèted party traT￿lOn9 for the year ended 31 March 2024. P&Je 20 LON UGAN TEMPLE DET LED ￿ATEMENT E YEAR END NCtALA 24 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Dornations - Covenants Other donations Gift aid Undial collections Jewellery Incorne 12,328 103,629 14,424 155,237 125,789 11,161 176,794 325,612 286,618 Investment irKome Rents received Deposit account interest 18,100 53,619 44,905 61,963 Other income Archanas Ubayams Other poojas Outside wojas Wedding services other incorne Annathanam Natheswarnmuhavil 117,090 109,703 185,752 28,325 52,475 36,838 63,145 89,522 102,858 152,585 25,040 47,235 19,243 55,586 593 328 497 719 Total incoming resources 963,845 846,300 EXPENDThURE Other trat1ing acbvities Priest's, musicians & Cth)ks wages Pooja expenses 185,382 165,207 157 717 340,246 322,924 Other Freehold propety 91,427 91,427 Support Costs Finance Bank cha'ges 3,708 Other Wages Rates and wèter Jnsufance Carr¢ed forward 125,338 16,028 9,620 150,986 116,260 9,364 8,191 133,815 This ptye does not fomi part ol the statutory finanoal statetnents Page 21 LONDON SRI MU AN D￿AlLED ST TH ENDED MAR 24 31.3.24 31.3.23 Other Brought forward Light and heat Tele[￿one Postage and strth?nery Sundrie5 Cleaning expen5e5 Rewirs and renewa Security costs Computer expen Architects fee for rEdevelopmenL Donations 150,986 54,558 2,974 4,763 71,529 8.178 28.002 6.043 3.293 35,485 133,815 48,063 4,260 4,516 95,608 5,513 21,722 11,362 2,711 386,111 331,723 Governance costs Legal and professional lees Total res￿r￿ extended 757 548 Net ineLNne 137 341 This page does rK>t forrn part of statutory linanoal statements Page 22