**47[th] year Annual General Meeting Report** **Sunday 19.11.2023 at 2pm** ## **SMS (UK) 2, Salisbury Road, Manor Park, London E12 6AB.** ## Agenda: **President’s Speech:** President Mr. S.Niranjan welcomed and thanked all 47 attendees who were present at the meeting. He conveyed his special thanks to the Trustees, Project Secretaries and the rest of the Management Committee Members for their support and helping in the smooth running of the SMS Charity. **46[th] year Annual General Meeting Minutes** : The report was read by the General Secretary, Mrs.Sutharsini Vakeesan and she answered all the questions raised by the members and the well wishers of the Sangam. The report was proposed as correct by Mr.C.Sithampatrapillai and seconded by Mr.Vamanananthan and accepted by all the members. **46[th] year Financial Report** : The Report was presented by the Treasurer Mrs.Amirtha Thiyagalingam and all income and expenditures were explained. The report was proposed as accurate by Mr. S.Balasingam and seconded by Mr. M. Raventhirathas and accepted by all the members. **46[th] year Annual Report** : The report was presented by the General Secretary which included the SMS Charity’s achievements, the Project Secretaries motivations and the outcomes of the current nine projects. Following this, Mrs.Sripathy Ponnuthurai was elected as the Pro-Temp Chair. She announced, Mr. Sothiratnam Niranjan, as the new President. Then the Trustees, Project Secretaries and the committee members were elected. Our Charity’s income is less than £500,000 for the current financial year. ## **Our Objectives are:** a) The advancement of education of the public in the philosophy, precepts, and practice of Hinduism and in particular Saivism. b) The relief of sickness and preservation of health in particular among people affected by Tsunami or any natural or unforeseen disaster in Sri Lanka or any part of Asia and Africa. c) The relief of financial hardship and in particular among people affected by the Tsunami or any natural or unforeseen disaster in Sri Lanka or any part of Asia and Africa. During the year the charity was able to achieve it’s objectives by undertaking and executing various projects through its different sections and the several project secretaries. ## **The main projects this year:** - The charity continues providing cooked meals at Seva Street, Stratford (UK) for the homeless people on Wednesdays on a monthly basis. - Provide dried food for Community Centres and Children Hospices e.g. (Richard House) - The charity has also helped the vulnerable, underprivileged, poor and needy including disabled persons, mainly through Enlightenment Circle, which is an arm of the charity. ## **Achievements:** - The charity continue to undertake various projects in the UK for the benefit of elders, vulnerable people, youth and children through elderly centre Social Service, Funeral service (Last Rites), NTA School, Yoga Centre and Temple. We continue publishing periodical magazines and conduct Cultural and Art Classes etc. - The charity continues to help the vulnerable, underprivileged, poor and needy people in Africa, Sri Lanka, Nepal and India; mainly through Enlightenment Circle which is an arm of the charity. - The Charity had financially supported Education Programmes to underprivileged and needy students in Sri lanka. - Fund raising activities were undertaken through the efforts of the Board of Trustees, and Management Committee Members of the charity. In relation to all the above projects, The Charity has taken into consideration the Charity Commission’s Public Benefit Guidance when making any decisions. ## **For the next financial year …………** - From the beginning of the financial year, the charity has been continuing exisiting activities with further developments as before. - The Charity also hopes to undertake more fund raising activities. Yours sincerely Mrs.Sutharsini Vakeesan General Secretary Saiva Munnetta Sangam (UK) Regi stered Chari ty 292085 2 Salisbury Road, Manor Park. London E12 6AB Tel 020 8514 4732 Emai I smsuki nfo@ mail.com www. saivamunnettasangam. com Web Financial Statements for the year ended st 31 August 2023 Accountant's cover letter Accountant's report Executive committee's report Income and Expenditure Account Balance Sheet Notes to the Financial Statements SAIVA MUNNErrA SANGAM (UK) LEGALAND ADIAINISTRATIVE INFORMAlloN Tyustees Mr S Ntr8ni8n Mr S Th8mb(M) Mr S Balassngam Mrs K 8alasubramaniam Mi G Parameswaren Mrs S V8keesan Mr V Rallin8m LOga￿3th Mrs A Tliiauallr￿aM Mr v a)oHiah Vamanananlhan Charlly nutnber 292085 Prlnclpal addros6 2 Salisw Road Marn￿ Park London E126AB A¢¢ouDlant AJ A¢UAJnl￿¢Y 43Anorloy Road Cry8lal Palace Loryjon SE19 2AS SAIVA MUNNErrA SANGAM {UK) STATEMENT OF TUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2023 Ttrie Intslees p¥esenl th￿r ￿nIJa1 loport and finanoal stalem8nls lor Ihe year ended 31 August 2023. The finanaal slat8m8llts have btwii pr4kired in d(u*dance wilh the aCr￿u￿1JThJ po￿￿0$ sot out In notg 01 to the linanty*l slalemenls and GoI￿pIY with the Charills gov8ming douJmÈnl. the Charities Acl 2011 and 'AccoiiTiliry and Rewrting by Cl)a*ilies.' SIdl￿￿Ent uf Recilmm￿de(I Pracknce applic3Ne to charl￿eS preparing their accounrs iii accNd&nce iv41h tho Financtal Rep(wling Stsndard aWic8tde *) Ihp. UK and Republic of Ireland (FRS 1021" leffecliv• 1 Januaiy 20191. 11 Is th8 pollcy ol th8 Charily thgt uTh'oslricled funds whlch have not been de$lonat8d for a sp8cifi¢ us8 shoLtlcJ bo mainl?ined al a level ￿￿1¥alent to belween Ihr8e and six rnonth s 8xpeTrJilur6. Tha Iruslees con51der Ilial res9rvos al Ihis level wlll ensu￿ that. in the event of a signifKant drop In lundlng, Ihey vill bc able 10 conlinue Ihe Lhorfty's currsnl èctivilies while constderalion ts given lo ways ￿ i•JhM* addIts￿al lunds may be rals8d. Thls J8v81 ol rosorvos has btjen m¥>lJil#ined Ihroughoul the year. Tho truslcos h￿e assessed the MA1￿ rlsks to whl¢h the ¢hÈrty is èxposed, and we satisfied that sy8lems are in place to mllioatè exposure lo the mapr risks. The Iruslee$ are msponslbk prwring 11)è Tusiè8s' Rep¢)rt 8nd tho fjnand81 slai￿entS In auordance wSlh &p￿1¢8ble law and United lQ'ngd¢Jm Atco*mlir¥a Slandard5 (United Klngdom Generally Accoplod Accountlng PrAcUc&l. The law appllcablo to chaYlib8s In En￿and and Wa￿$ iequOm$ the IfUStoo$ to pfèpNrt tinancial stalenients lor edth financial year which gfve a truo and lair vhx of IM state of alfaws of Chan'ty and of the in¢omin9 resoufces 8nd applicalloft ol r•s￿lre@S ol the Ch&rfty for th81 yo8r. In preparlng th¢￿$ fin￿CIal stat￿6n1$. the trtssta8$ 8re rtsqulred to.. - 88loct sultable accouniiw ￿￿¢￿•$ And IhaTh appty them cmsiqtethty.. - obserye Ihe melhc¢Js and wltKWes In the Charil6s SORP: - m8ke ludgementg and o$lknotos th81 or¢J re8$¢mal￿t and l￿denL - stste whe¢hef appllcable ￿ntsng slandafd$ hav8 twi folkTh￿. s￿¢¢t to 8ny material departures dSsclosed and explainod ill tho fin8n(a81 slatemenL8', and - prepare Ihe 11n8￿481 statements c*) the o)nt¢m bask* it 1$ Inapproprlale to presume that the chAriIy wlll conlknuè In (4)era￿on. The Iruslees afo icsponsibl& for keopTrng guffiuenl 8Mrd all the aprAieable Cl"rections givèrn by the C.h8rity Commisdon under section 145I5llbl (4 lh8 2011 Ad. Indep•nd•nt examlnges stal•m8nl Since tho Ch8rity's gross inc(xnè oxcoeded £250,(KIO ywr •Xan￿rIe1 must be a mcmber ¢)f a bo(ly Ilstgd In seclSon 145 01 Ihé 2011 Act. I coNfimi Ihal l 8m qvalified lo urKltsrtake th6 8xanln8￿0n because l am a mernb&r ol . Wh￿,h is one ol the listed bo(Ile$. Your atlon11￿ Is drawn io Ihe lad Ihat thè charlty has propared f•)anryal 5tstemenls ir a¢eordanc* wAlh Accounllrg and RapO￿n9 by Chariuas proparirg their accoun18 in awd9r￿ Ihe Fknanual Rop￿tIng Stsnd42rd èpplicablo n Ihe UK and RÈKMJbli ol Iroland IFRS 1021 in prsler8nco to the kn￿ntyn9 and Rèporting by Charities.. Stal•m8nl of RocDmrn•Adeil Pr8clko Iw•d 1 A￿.1 whlch ts re1Wr￿ to in Ihe extant wulatK)ns but has now bgen withdrawn. l undarstand that lh￿ has done In cffdor Ic* financlal sialomwts io provhdo 8 tru8 and f8lr vléw In aco)rdanc• wlth Gencrolly Accoptod A(￿n11ng Praclice offfjclfve for rewt1kng p8rtods b8glnnkng on or 8ft¢r 1 JanuBry 2015. I h8vo compmod my 8xamln8Oon. l ts)nfirm thal no m3lters ha￿ eow to my att&nUc4) In conn•dkn wlth Iho oxamln8llon givin￿ me cause to bdiÈve that in Bny m8térfjal r&8pe¢t= accounling records were nol kept In rasF*d ot Iho Ch81ily as requlroj by 130 of Ihe 2011 Act., or ltre finan(>al statemfinls do not accord with th￿ rcc4xds.' or 1*0 financial sialements do nol ccffjply I￿1h the applkablè r8qulrernent$ concemlng Ihe form and conitrnl ol ac¢ounts sel OLrt In lhe charib.es {Ac￿nts and Re￿)rIs> Regulalions 2008 other Ih8n 8ny requ1￿M￿nI thtil the a¢c¢unts give a Iruo gnd lak wiew is nol 8 mattèr conslderèd as part of an Indépendont examln8tlon. I have w concem$ and h8vè come acmss no othèr malters in ¢(￿neCtIOn wth the examinatiorn lo which attenUon should be drawn In this report in or¢er to enaL4e a prcp8r und*standkng ol tho finandal 8tat8monl$ lo be re8ched. C KVa9an AJ AcLwntancy 43 Anertey Road CAysièl Palac L(￿rtOn SE19 2AS •ibA?7S Dated., 23 Octobor 2023 SAIVA MUNNEThA SANGAM (UK) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrostrlcted Rostrlcted lunds funds 2023 2023 Total Unrestrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Notes Ineomo from: Donallons and legac￿S Prw8cI Aclwlt OthtTrr Incom8 InvÉ4lmènls 49.130 140.931 49,130 166,800 5,918 44.118 64,998 134,2tK 20S 37.(M5 64,998 161,073 25.869 5,416 26,867 11,3￿) 44,118 37,045 Tolal Ineomè 234.681 31.285 265.966 236.454 36.167 274.621 Ex dl ProieGt Aclimlles 153,139 26,700 179.839 127,157 37.947 165,104 Other Expendllufo 59,397 59,397 51,055 51.055 DoLY6c48tlon 27.965 27, 29,939 29,939 Total oxpondltur• 240.501 26,7(VJ 267,201 208.151 37,947 246,096 Not l•xpgndltur•ylneom• lor the yearl N•t movement In funds 15,8201 4.5BS 11,2351 28,203 220 Fund b&l&nco$ 011 September 2022 859.331 10.622 869,953 831,028 10,402 841,430 Fund bal#ne4s at 31 AugUSt 2023 853.511 15.207 868,718 859,331 10,622 869,953 The slatemonl ol fi'ngndal aell￿tIeS Include$ 4198ins 8nd108ses recog￿$8￿ ￿ tho ygar. All kncorne and expendittwe dèrfve frL*m (ontlnuing 8cts¥iUe8. SAIVA MUNNErrA SANGAM {UK) BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 Notes Flxed assols Tangibl6 assets 12 718.644 714,475 Deblor8 Cash al bank and In hand 13 38,620 112,174 156,677 150.794 156,677 Credmors.. amounts tallSn9 due wlthln onè year 14 17201 {1.1991 N•t cuThent asseis 150.074 155,478 Total asi•is 1•80 IIAblllll•8 868.718 869,953 In¢omè funds Rogtrklo(J lunds Unre31ricled lunds 15.207 863.511 3,818 837.612 868,718 869,953 The Iln8nciJI s18ten*nl3 wei$ approv•J by th• Tnjstees on 23 Ckacthr 2023 Mr S Nirani8n Pr•sldonl Mis Vakeesan Hon.G8nèml S8crnlary MT5 A Thlagallngam Hon.Tre8surgr SAIVA MUNNETTA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2023 AGcountSng poli¢ie5 Charity Inforniatlon SAIVA MUNNETTA SANC7AM IUKI Is an unhtclxporarpd C.harily based England and Walos. The Charily's Pr￿C[pa1 adthess is 2 Salisbury Roa(I, LowHlon, E12 6AB. 1.1 Ac¢ountlng conventlon The fi'nancial s1811ynen15 have been prepared In yccordance vAlh the Charivs Igovèmlrty dctumenll, the ChaTilies Act 2011. FRS 102 'The Frnafidal Rowrting SIAndard applicable in Ihe UK clnd Ropublic of Ir8land rFRS 102"> arnd Ihe ChaTilles SORP 'Accouniing ¥iMJ R¥wrUI)g by Ch¢iriles.' Slaleinenl of R8coITim8ndod Praclke appllcable lo chariues preparing their acc￿1￿18 in acetydancc wlth the Financiol Reporting Slandard appueable sn tho UK and Republc ol IraL4nd IFRS 1021. (effecti￿ 1 January 20191. The Charlly 1$ a Publle Bén&lll Enuly as dolined by FRS 102. The financial 51alements h8ve dopartwl IreAn ihe Charilles (Accounts and R8POrtsl Regu12tions 2008 C￿lY lo thè èxtent required fo provhde 8 true and law ¥icw. This dep8rturo has involved follo￿Tra tho Slgtèmènt ol R8eommendod PTa¢U¢e for ehathies app￿ftg FRS 102 rather than the V8Tsioll gf the Statement ol Recommendod Practice ￿1th is roferred 10 in Ihe Regula0c￿8 bul Wh￿dI h85 slnc8 baén wlthdrawn. The finandal stalomonts are propoT¢d In sterfing, IB funclfflal wrrency ol tho Charfty. Mon8lary amounls in th¢)so fln8ncl81 slatem8nls a￿ rr￿nded to tho rtèarèst £. Tha fin8ndal slalemehts havo been preparod ￿der Ihe h￿ID[￿Ce1 eA)8t cx¥w8nIic￿. Imcxjlffed to Includ¢ th¢ r8valualion ol Irechobj properiies arvj to IIKlude invostmeDI propérties cértain finandAI Instrurnentg 8t 18lr vAhJel.'I'he pri￿1p81￿CeA)untsrwJ polioos adopled ar¢ ￿ out b61(w. 1.2 Golno eoncem Al Ihe Ilmè ol apyovlng the fina￿181 sialém8nts, the Irustees h8vo & rowsb￿ ex￿Cta110￿ Ihat the Charlty h8s adoquale resourcos lo contlnuè in i)peialtonal existence for th8 loresèeable fulure. Thus Iho tru8loe$ continuo lo adopt Iho g(xng w)c8m basis of a￿UnlIry in preparirvJ the finandal sluiomenly. 1.3 Ch8rltabl• funds Unresliicled funds are 8vaNabl6 for use at th¢ dls¢rdlon (rf tho trwtee8 kn furthèran¢6 of thcir ehar¢lablc oblecllves. ReslrKled fvnds are sublecl lo speclfic cc*thons by dLMKn as lo they m8y usod. Tho purposes and ol Iho restrfcted fundg aTe set in th6 ncles to Ihe Ilnanrid statL¥nenls. Endowment lunds are subject to spodlk ¢(*￿Il￿n$ by that thè capltal mu6t be maintolnod by Ihe Chartly. 1.4 Income Income Is re￿g￿￿ed Ihe Charlty is legalty enlrtkd to rt after any performance corKJitvJns have been rnel, the 8irrt)ullts can be measured relably. il Is probaNo that IncxKne will tm) foceived. Cash don8t1￿$ 8re reccwised ￿ recapt. Olherthnaliong are rec(g￿d Mce the Charéty has b88n [￿l￿fi￿d of Ihe donotlon. Un￿$S p8rforrnane£ cu)dilions req(Nre deferral (rf Ihe amount. Incon￿ tax recoverable in Lalion lo donations received under Gifl Akj ordoei18 of Go¥enanl Is recognlsed 81 tho time of th¢ donation. Legaoles ar8 reeognised ￿ receipt oi otherwisè il the Charity has been nolifi¢d of an Imp￿rtIng dIstril￿tIOn. Ihe amount ts know). and Tectypt is exp￿ted. Ir the is not known, Ihe legacy is trcaled as 8 contingenl asset. SAIVA MUNNETTA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2023 Ac¢ountlng poIIGles Icontinuedl 1.$ Expendllure Exptrnditure Is iecogni58d onGe Ihere ￿ a legal or cA)llslnKtive 0b1kjatK￿ lo trarssfer e¢onornlc benefit to a third party, il 15 probable Ihat a lyansfer of ocorM)mK L*[￿[11$ vAll be required irb seltlament. And Ilie amount of Ihe obligation can be measured reli8bty. Expeiiditure Is classi1￿ by acbmty. The costs of activity are mad8 up of th8 total of direct costs and sharèd costs, incl(Iding st*ppcAI cos15 invowl in Undorla￿ng e￿h acti￿11Y. Dlred costs atlributable to a singlè acti￿tY are allocaled direclly lo that aLlivity. Shared whlch conMbiil8 to more Ihan one Ecllvily find sypport ¢0515 which ère allribthabl8 lo a sngle £￿vIlY ale apportK)nod betW8èri Ihos6 activities on a ba815 consi¥leTrl with the use o( resources. Lanlral staff costs are albcated on the bh%i4 cll lime spoiit. dgprecidliun chargos aro gllorated on Iho Fthlon of the ass81's use. 1.6 TangIb￿ fix￿ a88•ts Tangible fixèd assets are inlbaly rr¢a$urod at Cost aThJ sub8equentty m¢asvr&d at cost or vahja￿on, net ol deprauati¢n and any irbwlThent k)$￿. Ikpree*alion is recoonl$thY ￿ 8$ to VAfit¢ off the c(61 Wvatstl(￿ of assels k8S thett r66idu81 values over lfveli useful Ilv88 on Iho following ba￿.. Land aThd Bulldings K81mun81 Bijlldlnos Temple Bijlklino S￿theTrd 14ul Flxtures and fliilngs IT Lqulpmenl Chariot Témp￿ Assesls Gold jéwd￿ry 2.5% slrai9ht Un8 2.5% strai￿t kno 2.5% siralght bnè 2.5% str8ight ￿ne 10.00% 10.00% 10.00% s.￿% Th& g8ln ￿ ksss arlslng on Ihe dlgposal of an essel is dele￿i￿¢d Ds Ihts dffference bolween Ihe salè proceads 8n¢J tho carrylng value dlho asset. and is reowised In tho $tatunont ol finandal acuvrties. 1.7 CBsh and cash •oul¥alents Cash and ethsh equivalent8 ind4xle cnsh Sn hand. deposrfs hekl Bl call vAth bankg. oiher short-lem Ilqvld invcstments wih origin81 mÈiurilStss ol three M(￿1hS or less, 8￿1 bank overdrafts. Bank ov8rdrnfts #m shown wllhln borrtrthng¥ In ¢urrent11obllities. SAIVA MUNNEThA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Donations lègael•s Unrestrlct•d Unrestricted funds funds 2023 2022 Gllt Alds Government Grants en*)eiship feos Bank laièrest Jewellp.ry 8 Idd dOna￿Ort Oihcr Donations 44,555 45,529 4511 1.790 2,313 I,￿3 15,576 1.644 1,199 49.130 64,998 Prol•ct AellvW•s 2023 2022 xlal Seths Rél&Sous PubH¢8tl¢yi SonKsr Contr& Na￿ar TamO Acadejmy Overseas Proj8c13 Enllghtenment Clrde 38.782 78.985 24,120 4,030 670 7,177 13,641 26.867 fO.670 5.128 25,869 166.800 161,073 AnatysSs by fund Unrnslrtcled lunds ReSt￿ted lunds 140,931 25.869 134,206 26,867 166,800 161.073 SAIVA MUNNErrA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ol￿r A¢tlvltlas Unrestrlctsd R8Strlet•d funds funds Total Unreslri(knl Restritted lunds funds Total 2023 2023 2023 2022 2022 2022 Book Sales Evenls Income 12 J2 5.416 205 205 11,300 5,416 11, 502 5.416 &918 205 I1.￿0 11,505 Invostmènts 2023 2022 Rtsnlal h)¢om8 Hal HI 34,893 9,225 33.983 2,910 44.118 37,045 Prol•ct Actlvltl•• Unr•8trlcied R•strlet•d funds fund8 Totsl Unwtrlct¥d R¢$irtted frjnds fvnds Total 2023 2023 2023 3022 2022 2022 Social S8NIc*s R81KJk)us Publicallon Nalvar Tarnil AMl*my Overseas Prolecls Enlluht8nment Cirde Seftior Céntrè Ragasangamam Events 28,914 91.554 5,616 15,112 6,482 26,914 91.554 5,616 15.112 6,482 18,635 5,461 a,￿5 17,252 74.S81 4.986 17.252 74,581 4,986 g,soa 19.777 30,130 1.053 7,817 19,7n 18.635 30.130 5.461 1,053 7.817 153.139 26.7 179,839 127.157 37.947 165,104 153.f39 179.839 127.151 37,947 165,104 SAIVA MUNNETTA SANGAM IUK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 (Xher Expenditure 2023 2022 Staff costs Rates Insuron Charlot L)epredalhJn 16,223 2,231 152 355 6,300 2.704 27.965 16,223 2.231 152 394 7.934 3,005 29,939 TNstees None of the Iruslees lor any with them) T￿e￿ any remuneration or benelits from tl8 Charity during ihe yeBr. -10- SAIVA MUNNETTA SANGAM {UK) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 10 employ••$ The averagè munlhty nLimbw ol emF4oyees durlng the year.. 2023 Nurnber 2022 Niimb8r Employmeiil costs 2023 2022 Wages and sal￿￿5 Sc¢iJl s•cwily costs 21,141 J.$26 23,179 2,723 24,867 25,902 There ￿re no employees ￿$0 annual remuner8kn was more th8n EerfJ,Ix(i. 11 TJx311on Tha charlty 1$ exew from tex (m Incom¢ ané ggbns I￿￿ng within sect1￿ 505 of the faxos Act 1988 or $èctlon 252 of ToXJtionof CharQèa￿e Gdns Acl 1992 lo the extent thal th￿6 are appl￿ to its th8ritable oWects. 11 IE- SAIVA MUNNErrA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2023 13 Debtors 2023 2022 Amounts falling due wSthin one yfrar.. Gift Aid Rec*ivable 38.620 14 credito￿.. ainounts falllny wlthln one year 2023 2022 W8ggS ArLrua15 and deferred uKome 479 720 720 720 1.199 IS Anaty$l$ of n•¢ as￿1$ botw86n fundg Unrè8trfcted R•8trfcl•d funds Iwnds 2023 2023 Totsl Unrestricted Rest￿ted funds fvnds 2022 2022 Totsl 21123 2022 Fund bal8ncos at 31 August 2023 are represented by.. Tangible ass¢i8 Curr6nt assotslO￿bl[ll0o8I 718.644 134.868 718.644 150,074 714,475 144.856 714,475 155,478 15.206 10.622 853.512 15,206 868.718 859,331 10.822 869.953 18 Related party tranS4ellons There were no thXkn$ab￿ reLqted party tr8nsaab)n$ d￿Trg the year12022- nonè). Saiva Munnetta Sangam (UK) Regi stered Chari ty 292085 2 Salisbury Road, Manor Park. London E12 6AB Tel 020 8514 4732 Emai I smsuki nfo@ mail.com www. saivamunnettasangam. com Web Financial Statements for the year ended st 31 August 2023 Accountant's cover letter Accountant's report Executive committee's report Income and Expenditure Account Balance Sheet Notes to the Financial Statements SAIVA MUNNErrA SANGAM (UK) LEGALAND ADIAINISTRATIVE INFORMAlloN Tyustees Mr S Ntr8ni8n Mr S Th8mb(M) Mr S Balassngam Mrs K 8alasubramaniam Mi G Parameswaren Mrs S V8keesan Mr V Rallin8m LOga￿3th Mrs A Tliiauallr￿aM Mr v a)oHiah Vamanananlhan Charlly nutnber 292085 Prlnclpal addros6 2 Salisw Road Marn￿ Park London E126AB A¢¢ouDlant AJ A¢UAJnl￿¢Y 43Anorloy Road Cry8lal Palace Loryjon SE19 2AS SAIVA MUNNErrA SANGAM {UK) STATEMENT OF TUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2023 Ttrie Intslees p¥esenl th￿r ￿nIJa1 loport and finanoal stalem8nls lor Ihe year ended 31 August 2023. The finanaal slat8m8llts have btwii pr4kired in d(u*dance wilh the aCr￿u￿1JThJ po￿￿0$ sot out In notg 01 to the linanty*l slalemenls and GoI￿pIY with the Charills gov8ming douJmÈnl. the Charities Acl 2011 and 'AccoiiTiliry and Rewrting by Cl)a*ilies.' SIdl￿￿Ent uf Recilmm￿de(I Pracknce applic3Ne to charl￿eS preparing their accounrs iii accNd&nce iv41h tho Financtal Rep(wling Stsndard aWic8tde *) Ihp. UK and Republic of Ireland (FRS 1021" leffecliv• 1 Januaiy 20191. 11 Is th8 pollcy ol th8 Charily thgt uTh'oslricled funds whlch have not been de$lonat8d for a sp8cifi¢ us8 shoLtlcJ bo mainl?ined al a level ￿￿1¥alent to belween Ihr8e and six rnonth s 8xpeTrJilur6. Tha Iruslees con51der Ilial res9rvos al Ihis level wlll ensu￿ that. in the event of a signifKant drop In lundlng, Ihey vill bc able 10 conlinue Ihe Lhorfty's currsnl èctivilies while constderalion ts given lo ways ￿ i•JhM* addIts￿al lunds may be rals8d. Thls J8v81 ol rosorvos has btjen m¥>lJil#ined Ihroughoul the year. Tho truslcos h￿e assessed the MA1￿ rlsks to whl¢h the ¢hÈrty is èxposed, and we satisfied that sy8lems are in place to mllioatè exposure lo the mapr risks. The Iruslee$ are msponslbk prwring 11)è Tusiè8s' Rep¢)rt 8nd tho fjnand81 slai￿entS In auordance wSlh &p￿1¢8ble law and United lQ'ngd¢Jm Atco*mlir¥a Slandard5 (United Klngdom Generally Accoplod Accountlng PrAcUc&l. The law appllcablo to chaYlib8s In En￿and and Wa￿$ iequOm$ the IfUStoo$ to pfèpNrt tinancial stalenients lor edth financial year which gfve a truo and lair vhx of IM state of alfaws of Chan'ty and of the in¢omin9 resoufces 8nd applicalloft ol r•s￿lre@S ol the Ch&rfty for th81 yo8r. In preparlng th¢￿$ fin￿CIal stat￿6n1$. the trtssta8$ 8re rtsqulred to.. - 88loct sultable accouniiw ￿￿¢￿•$ And IhaTh appty them cmsiqtethty.. - obserye Ihe melhc¢Js and wltKWes In the Charil6s SORP: - m8ke ludgementg and o$lknotos th81 or¢J re8$¢mal￿t and l￿denL - stste whe¢hef appllcable ￿ntsng slandafd$ hav8 twi folkTh￿. s￿¢¢t to 8ny material departures dSsclosed and explainod ill tho fin8n(a81 slatemenL8', and - prepare Ihe 11n8￿481 statements c*) the o)nt¢m bask* it 1$ Inapproprlale to presume that the chAriIy wlll conlknuè In (4)era￿on. The Iruslees afo icsponsibl& for keopTrng guffiuenl 8Mrd all the aprAieable Cl"rections givèrn by the C.h8rity Commisdon under section 145I5llbl (4 lh8 2011 Ad. Indep•nd•nt examlnges stal•m8nl Since tho Ch8rity's gross inc(xnè oxcoeded £250,(KIO ywr •Xan￿rIe1 must be a mcmber ¢)f a bo(ly Ilstgd In seclSon 145 01 Ihé 2011 Act. I coNfimi Ihal l 8m qvalified lo urKltsrtake th6 8xanln8￿0n because l am a mernb&r ol . Wh￿,h is one ol the listed bo(Ile$. Your atlon11￿ Is drawn io Ihe lad Ihat thè charlty has propared f•)anryal 5tstemenls ir a¢eordanc* wAlh Accounllrg and RapO￿n9 by Chariuas proparirg their accoun18 in awd9r￿ Ihe Fknanual Rop￿tIng Stsnd42rd èpplicablo n Ihe UK and RÈKMJbli ol Iroland IFRS 1021 in prsler8nco to the kn￿ntyn9 and Rèporting by Charities.. Stal•m8nl of RocDmrn•Adeil Pr8clko Iw•d 1 A￿.1 whlch ts re1Wr￿ to in Ihe extant wulatK)ns but has now bgen withdrawn. l undarstand that lh￿ has done In cffdor Ic* financlal sialomwts io provhdo 8 tru8 and f8lr vléw In aco)rdanc• wlth Gencrolly Accoptod A(￿n11ng Praclice offfjclfve for rewt1kng p8rtods b8glnnkng on or 8ft¢r 1 JanuBry 2015. I h8vo compmod my 8xamln8Oon. l ts)nfirm thal no m3lters ha￿ eow to my att&nUc4) In conn•dkn wlth Iho oxamln8llon givin￿ me cause to bdiÈve that in Bny m8térfjal r&8pe¢t= accounling records were nol kept In rasF*d ot Iho Ch81ily as requlroj by 130 of Ihe 2011 Act., or ltre finan(>al statemfinls do not accord with th￿ rcc4xds.' or 1*0 financial sialements do nol ccffjply I￿1h the applkablè r8qulrernent$ concemlng Ihe form and conitrnl ol ac¢ounts sel OLrt In lhe charib.es {Ac￿nts and Re￿)rIs> Regulalions 2008 other Ih8n 8ny requ1￿M￿nI thtil the a¢c¢unts give a Iruo gnd lak wiew is nol 8 mattèr conslderèd as part of an Indépendont examln8tlon. I have w concem$ and h8vè come acmss no othèr malters in ¢(￿neCtIOn wth the examinatiorn lo which attenUon should be drawn In this report in or¢er to enaL4e a prcp8r und*standkng ol tho finandal 8tat8monl$ lo be re8ched. C KVa9an AJ AcLwntancy 43 Anertey Road CAysièl Palac L(￿rtOn SE19 2AS •ibA?7S Dated., 23 Octobor 2023 SAIVA MUNNEThA SANGAM (UK) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023 Unrostrlcted Rostrlcted lunds funds 2023 2023 Total Unrestrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Notes Ineomo from: Donallons and legac￿S Prw8cI Aclwlt OthtTrr Incom8 InvÉ4lmènls 49.130 140.931 49,130 166,800 5,918 44.118 64,998 134,2tK 20S 37.(M5 64,998 161,073 25.869 5,416 26,867 11,3￿) 44,118 37,045 Tolal Ineomè 234.681 31.285 265.966 236.454 36.167 274.621 Ex dl ProieGt Aclimlles 153,139 26,700 179.839 127,157 37.947 165,104 Other Expendllufo 59,397 59,397 51,055 51.055 DoLY6c48tlon 27.965 27, 29,939 29,939 Total oxpondltur• 240.501 26,7(VJ 267,201 208.151 37,947 246,096 Not l•xpgndltur•ylneom• lor the yearl N•t movement In funds 15,8201 4.5BS 11,2351 28,203 220 Fund b&l&nco$ 011 September 2022 859.331 10.622 869,953 831,028 10,402 841,430 Fund bal#ne4s at 31 AugUSt 2023 853.511 15.207 868,718 859,331 10,622 869,953 The slatemonl ol fi'ngndal aell￿tIeS Include$ 4198ins 8nd108ses recog￿$8￿ ￿ tho ygar. All kncorne and expendittwe dèrfve frL*m (ontlnuing 8cts¥iUe8. SAIVA MUNNErrA SANGAM {UK) BALANCE SHEET AS AT 31 AUGUST 2023 2023 2022 Notes Flxed assols Tangibl6 assets 12 718.644 714,475 Deblor8 Cash al bank and In hand 13 38,620 112,174 156,677 150.794 156,677 Credmors.. amounts tallSn9 due wlthln onè year 14 17201 {1.1991 N•t cuThent asseis 150.074 155,478 Total asi•is 1•80 IIAblllll•8 868.718 869,953 In¢omè funds Rogtrklo(J lunds Unre31ricled lunds 15.207 863.511 3,818 837.612 868,718 869,953 The Iln8nciJI s18ten*nl3 wei$ approv•J by th• Tnjstees on 23 Ckacthr 2023 Mr S Nirani8n Pr•sldonl Mis Vakeesan Hon.G8nèml S8crnlary MT5 A Thlagallngam Hon.Tre8surgr SAIVA MUNNETTA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2023 AGcountSng poli¢ie5 Charity Inforniatlon SAIVA MUNNETTA SANC7AM IUKI Is an unhtclxporarpd C.harily based England and Walos. The Charily's Pr￿C[pa1 adthess is 2 Salisbury Roa(I, LowHlon, E12 6AB. 1.1 Ac¢ountlng conventlon The fi'nancial s1811ynen15 have been prepared In yccordance vAlh the Charivs Igovèmlrty dctumenll, the ChaTilies Act 2011. FRS 102 'The Frnafidal Rowrting SIAndard applicable in Ihe UK clnd Ropublic of Ir8land rFRS 102"> arnd Ihe ChaTilles SORP 'Accouniing ¥iMJ R¥wrUI)g by Ch¢iriles.' Slaleinenl of R8coITim8ndod Praclke appllcable lo chariues preparing their acc￿1￿18 in acetydancc wlth the Financiol Reporting Slandard appueable sn tho UK and Republc ol IraL4nd IFRS 1021. (effecti￿ 1 January 20191. The Charlly 1$ a Publle Bén&lll Enuly as dolined by FRS 102. The financial 51alements h8ve dopartwl IreAn ihe Charilles (Accounts and R8POrtsl Regu12tions 2008 C￿lY lo thè èxtent required fo provhde 8 true and law ¥icw. This dep8rturo has involved follo￿Tra tho Slgtèmènt ol R8eommendod PTa¢U¢e for ehathies app￿ftg FRS 102 rather than the V8Tsioll gf the Statement ol Recommendod Practice ￿1th is roferred 10 in Ihe Regula0c￿8 bul Wh￿dI h85 slnc8 baén wlthdrawn. The finandal stalomonts are propoT¢d In sterfing, IB funclfflal wrrency ol tho Charfty. Mon8lary amounls in th¢)so fln8ncl81 slatem8nls a￿ rr￿nded to tho rtèarèst £. Tha fin8ndal slalemehts havo been preparod ￿der Ihe h￿ID[￿Ce1 eA)8t cx¥w8nIic￿. Imcxjlffed to Includ¢ th¢ r8valualion ol Irechobj properiies arvj to IIKlude invostmeDI propérties cértain finandAI Instrurnentg 8t 18lr vAhJel.'I'he pri￿1p81￿CeA)untsrwJ polioos adopled ar¢ ￿ out b61(w. 1.2 Golno eoncem Al Ihe Ilmè ol apyovlng the fina￿181 sialém8nts, the Irustees h8vo & rowsb￿ ex￿Cta110￿ Ihat the Charlty h8s adoquale resourcos lo contlnuè in i)peialtonal existence for th8 loresèeable fulure. Thus Iho tru8loe$ continuo lo adopt Iho g(xng w)c8m basis of a￿UnlIry in preparirvJ the finandal sluiomenly. 1.3 Ch8rltabl• funds Unresliicled funds are 8vaNabl6 for use at th¢ dls¢rdlon (rf tho trwtee8 kn furthèran¢6 of thcir ehar¢lablc oblecllves. ReslrKled fvnds are sublecl lo speclfic cc*thons by dLMKn as lo they m8y usod. Tho purposes and ol Iho restrfcted fundg aTe set in th6 ncles to Ihe Ilnanrid statL¥nenls. Endowment lunds are subject to spodlk ¢(*￿Il￿n$ by that thè capltal mu6t be maintolnod by Ihe Chartly. 1.4 Income Income Is re￿g￿￿ed Ihe Charlty is legalty enlrtkd to rt after any performance corKJitvJns have been rnel, the 8irrt)ullts can be measured relably. il Is probaNo that IncxKne will tm) foceived. Cash don8t1￿$ 8re reccwised ￿ recapt. Olherthnaliong are rec(g￿d Mce the Charéty has b88n [￿l￿fi￿d of Ihe donotlon. Un￿$S p8rforrnane£ cu)dilions req(Nre deferral (rf Ihe amount. Incon￿ tax recoverable in Lalion lo donations received under Gifl Akj ordoei18 of Go¥enanl Is recognlsed 81 tho time of th¢ donation. Legaoles ar8 reeognised ￿ receipt oi otherwisè il the Charity has been nolifi¢d of an Imp￿rtIng dIstril￿tIOn. Ihe amount ts know). and Tectypt is exp￿ted. Ir the is not known, Ihe legacy is trcaled as 8 contingenl asset. SAIVA MUNNETTA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2023 Ac¢ountlng poIIGles Icontinuedl 1.$ Expendllure Exptrnditure Is iecogni58d onGe Ihere ￿ a legal or cA)llslnKtive 0b1kjatK￿ lo trarssfer e¢onornlc benefit to a third party, il 15 probable Ihat a lyansfer of ocorM)mK L*[￿[11$ vAll be required irb seltlament. And Ilie amount of Ihe obligation can be measured reli8bty. Expeiiditure Is classi1￿ by acbmty. The costs of activity are mad8 up of th8 total of direct costs and sharèd costs, incl(Iding st*ppcAI cos15 invowl in Undorla￿ng e￿h acti￿11Y. Dlred costs atlributable to a singlè acti￿tY are allocaled direclly lo that aLlivity. Shared whlch conMbiil8 to more Ihan one Ecllvily find sypport ¢0515 which ère allribthabl8 lo a sngle £￿vIlY ale apportK)nod betW8èri Ihos6 activities on a ba815 consi¥leTrl with the use o( resources. Lanlral staff costs are albcated on the bh%i4 cll lime spoiit. dgprecidliun chargos aro gllorated on Iho Fthlon of the ass81's use. 1.6 TangIb￿ fix￿ a88•ts Tangible fixèd assets are inlbaly rr¢a$urod at Cost aThJ sub8equentty m¢asvr&d at cost or vahja￿on, net ol deprauati¢n and any irbwlThent k)$￿. Ikpree*alion is recoonl$thY ￿ 8$ to VAfit¢ off the c(61 Wvatstl(￿ of assels k8S thett r66idu81 values over lfveli useful Ilv88 on Iho following ba￿.. Land aThd Bulldings K81mun81 Bijlldlnos Temple Bijlklino S￿theTrd 14ul Flxtures and fliilngs IT Lqulpmenl Chariot Témp￿ Assesls Gold jéwd￿ry 2.5% slrai9ht Un8 2.5% strai￿t kno 2.5% siralght bnè 2.5% str8ight ￿ne 10.00% 10.00% 10.00% s.￿% Th& g8ln ￿ ksss arlslng on Ihe dlgposal of an essel is dele￿i￿¢d Ds Ihts dffference bolween Ihe salè proceads 8n¢J tho carrylng value dlho asset. and is reowised In tho $tatunont ol finandal acuvrties. 1.7 CBsh and cash •oul¥alents Cash and ethsh equivalent8 ind4xle cnsh Sn hand. deposrfs hekl Bl call vAth bankg. oiher short-lem Ilqvld invcstments wih origin81 mÈiurilStss ol three M(￿1hS or less, 8￿1 bank overdrafts. Bank ov8rdrnfts #m shown wllhln borrtrthng¥ In ¢urrent11obllities. SAIVA MUNNEThA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 Donations lègael•s Unrestrlct•d Unrestricted funds funds 2023 2022 Gllt Alds Government Grants en*)eiship feos Bank laièrest Jewellp.ry 8 Idd dOna￿Ort Oihcr Donations 44,555 45,529 4511 1.790 2,313 I,￿3 15,576 1.644 1,199 49.130 64,998 Prol•ct AellvW•s 2023 2022 xlal Seths Rél&Sous PubH¢8tl¢yi SonKsr Contr& Na￿ar TamO Acadejmy Overseas Proj8c13 Enllghtenment Clrde 38.782 78.985 24,120 4,030 670 7,177 13,641 26.867 fO.670 5.128 25,869 166.800 161,073 AnatysSs by fund Unrnslrtcled lunds ReSt￿ted lunds 140,931 25.869 134,206 26,867 166,800 161.073 SAIVA MUNNErrA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 ol￿r A¢tlvltlas Unrestrlctsd R8Strlet•d funds funds Total Unreslri(knl Restritted lunds funds Total 2023 2023 2023 2022 2022 2022 Book Sales Evenls Income 12 J2 5.416 205 205 11,300 5,416 11, 502 5.416 &918 205 I1.￿0 11,505 Invostmènts 2023 2022 Rtsnlal h)¢om8 Hal HI 34,893 9,225 33.983 2,910 44.118 37,045 Prol•ct Actlvltl•• Unr•8trlcied R•strlet•d funds fund8 Totsl Unwtrlct¥d R¢$irtted frjnds fvnds Total 2023 2023 2023 3022 2022 2022 Social S8NIc*s R81KJk)us Publicallon Nalvar Tarnil AMl*my Overseas Prolecls Enlluht8nment Cirde Seftior Céntrè Ragasangamam Events 28,914 91.554 5,616 15,112 6,482 26,914 91.554 5,616 15.112 6,482 18,635 5,461 a,￿5 17,252 74.S81 4.986 17.252 74,581 4,986 g,soa 19.777 30,130 1.053 7,817 19,7n 18.635 30.130 5.461 1,053 7.817 153.139 26.7 179,839 127.157 37.947 165,104 153.f39 179.839 127.151 37,947 165,104 SAIVA MUNNETTA SANGAM IUK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 (Xher Expenditure 2023 2022 Staff costs Rates Insuron Charlot L)epredalhJn 16,223 2,231 152 355 6,300 2.704 27.965 16,223 2.231 152 394 7.934 3,005 29,939 TNstees None of the Iruslees lor any with them) T￿e￿ any remuneration or benelits from tl8 Charity during ihe yeBr. -10- SAIVA MUNNETTA SANGAM {UK) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 10 employ••$ The averagè munlhty nLimbw ol emF4oyees durlng the year.. 2023 Nurnber 2022 Niimb8r Employmeiil costs 2023 2022 Wages and sal￿￿5 Sc¢iJl s•cwily costs 21,141 J.$26 23,179 2,723 24,867 25,902 There ￿re no employees ￿$0 annual remuner8kn was more th8n EerfJ,Ix(i. 11 TJx311on Tha charlty 1$ exew from tex (m Incom¢ ané ggbns I￿￿ng within sect1￿ 505 of the faxos Act 1988 or $èctlon 252 of ToXJtionof CharQèa￿e Gdns Acl 1992 lo the extent thal th￿6 are appl￿ to its th8ritable oWects. 11 IE- SAIVA MUNNErrA SANGAM (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2023 13 Debtors 2023 2022 Amounts falling due wSthin one yfrar.. Gift Aid Rec*ivable 38.620 14 credito￿.. ainounts falllny wlthln one year 2023 2022 W8ggS ArLrua15 and deferred uKome 479 720 720 720 1.199 IS Anaty$l$ of n•¢ as￿1$ botw86n fundg Unrè8trfcted R•8trfcl•d funds Iwnds 2023 2023 Totsl Unrestricted Rest￿ted funds fvnds 2022 2022 Totsl 21123 2022 Fund bal8ncos at 31 August 2023 are represented by.. Tangible ass¢i8 Curr6nt assotslO￿bl[ll0o8I 718.644 134.868 718.644 150,074 714,475 144.856 714,475 155,478 15.206 10.622 853.512 15,206 868.718 859,331 10.822 869.953 18 Related party tranS4ellons There were no thXkn$ab￿ reLqted party tr8nsaab)n$ d￿Trg the year12022- nonè).