2022-03-31-accounts - Shri Venkateswara (Balaji) Temple Of The United Kingdom

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CONTENTS	PAGE
LEGAL AND ADMINISTRATIVE INFORMATION
REPORT OF THE TRUSTEES	2-11
INDEPENDENT AUDITOR'6 REPORT	12-14
STATEMENT OF FINANCIAL ACTIVITIES	15
BALANCE SHEET	16
STATEMENT OF CASHFLOWS	17
NOTES TO THE FINANCIAL STATEMENTS	18-30

FOR THE YEAR E	NDED 31ST	MARCH 202	2
						2021
					2022	Total
			Unrestricted	Restricted	Total	funds
			funds	funds '	funds	(re-stated)
		Notes	8	6		5
INCOME AND ENDOWMENTS		FROM
Donations and legacies		4	1,932,035	5,454	1,937,489	997,457
Other trading and contributing
activities			332,447		332,447	69,398
Investment income			104,644		104,644	81,913
Other income						34,310
Total income			2,369,126	5,454	2,374,580	1,183,078
EXPENDITURE ON
Charitable activities
Charitable expenditure		8	1,268,097	9,472	1,277,569	1,038,781
Total expenditure			1,268,097	9,472	1,277,569	1,038,781
NET INCOME			1,101,029	(4,018)	1,097,011	144,297
Transfer between funds			37,000	37,000
			,1,138,029	(41,018)	1,097,011	144,297
RECONCILIATION	OF FUNDS
Total funds brought	forward		16,774,260	885,929	17,660,189	17,515,892
TOTAL FUNDS CARRIED FORWARD			17,912,289	844,911	16,757200	17660189

VENKATESWARA BALitLII TEMPLE OF gAA*E 6	VENKATESWARA BALitLII TEMPLE OF gAA*E 6	U ITED KINGD	OM
AS AT 31 7 MARCH 2022
					2021
		Notes	2022 6		(re-stated) E
FIXEDASSETS
Tangible Assets			13,916,404		12,355,448
CURRENT ASSETS
Debtors' amounts Debtors, amounts Cash al bank	falkng due within one year falkng due after one year	15 16	68,656 4,874,107	'	249,295 5,118,398
			4,942,763		5,367,693
CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR		17	(101,967)		(62,952)
NET CURRENT ASSETS			4,840,796		5.304,741
TOTAL ASSETS	LESSCURRENT LIABILITIES		18757,200		17,660,189
FUNDS
Unrestncted funds Restricted funds		18 18	17,912,289 844.911 157 Ila		16,774,260 SS5,929 1,860, IIQ

		LOWE
A AT 1 TMAR H
				2022		2021
			Notes	6			5
CASHFLOWS FROM
OPERATING ACTIVITIES
Cash generated from operalions			21		1,382,188		89,196
INVESTING	ACTIVITIES
Purchase oftangible fixed		assets		(1,731,093)		(372,144)
Disposal of	tangible fixed assets
Investment	income received			104,644		81,913
NET CASH	(USED IN)				(1,626,449)		(290,231)
INVESTING	ACTIVITIES
NET CASH	USED IN
FINANCING	ACTIVITIES
CHANGEIN	CASH				(244,291)		(201,035)
AND CASH	EQUIVALENTS
CASH AND	CASH EQUIVALENTS
AT BEGINNING OF YEAR					5,118,398		5,319,433
CASH AND	CASH EQUIVALENTS
AT END OF YEAR					4.81418		8,118,388

Freehold	buildings	1'/0 on cost
Freehold	land	Not depreciated
Fixtures,	fittings and office equipment	15'/o straight line basis
Deities and ornaments		2'/0 on cost
Gold		Not depreciated

DONA	TI	ON	S AND LEG	A	CIES
							2021
						2022	(re-stated)
						8	E
na	i ns and Le eci			-	Unresbicted
General		Donations				1,726,378	745,788
Legacies		Receivable				3,454	113,000
Covenanted			Donations			48,430	50,302
Project Donations						157,227	86,867
						1,935,489	995,957
Grants	Receivable for Core Activities - Restricted
Sporting		Equals					1,500
Sandwell		Breathes				2 MO
						2,000	1,500
						1,937,489	997,457
NOTE	5:
OTHE	R TRADING AND			CONTRIBUTING ACTIVITIES
							2021
						2022 6	(re-stated)f
Youth	Camp					1,000
Commu	nit	y	Hall & Cultural		Income	42,046	2,826
Sponso	rsh	ip	Contributions		(Laddu etc)	289,401	66,572
						332,447	69,398
NOTE	6:
INVE	TMENT INCOME
							2021
						2022	(re-stated)
						6	5
Interest	on Deposit Accounts					31,984	59,433
Rental	Income					72,660	22,480
						104644	81,913
NOTE	7'.
OTHE	R INCOME
							2021
						2022	(re-stated)
						6	5
Corona	viru	s	Job Retention		Scheme		34,310
							34,310

Youth Camp
Community	Hall & Cultural	Income
Sponsorship	Contributions	(Laddu etc)

CHARITABLE EXPE	N	DI	TURE
					2021
				2022f	(re-stated) 6
EXPENDITURE ON	CHARITABLE ACTIVITIES
Priests' Salaries, NIC	and		Pensions	360,410	326,806
Statutory Visa and Permit			Fees	24,020	4,813
Youth Expenses				441	600
Temple Consumables				194,442	99,240
Special Events				24,007	12,920
Cultural Programme	Expenses			1,400
General Charitable Expenses					4,874
Depreciation				136,110	116,226
				740,830	565,479
SUPPORT COSTS
Staff Salaries, NIC and		Pensions		110,248	103,262
Printing and Stationery				4,967	3,324
Postage and Carriage				4,766	10,535
Telephone. and Fax				7,752	7,977
Equipment Maintenance				7,022	4,925
Bank Charges and Interest				19,207	10,367
Rates and Water				9,961	8,157
Cleaning and Refuse	Collection			18,644	9,560
Light and Heat				71,205	49,048
Site Maintenance, Repairs and Security				97,185	120,386
Insurance				14,874	13,122
Equipment and Marquee			Hire	48,818	19,042
Depreciation				34,027	29,057
				448,676	388,762
GOVERNANCE COSTS
Audit and Accountancy		Fees		16,317	16,001
Legal and Professional Fees				66,682	62,815
Consultancy Fees				5,064	5,724
				88,063	84,540
				1,277,569	1,038,781

5TTAFF OS	TS
					2021
				2022 6	(re-stated)f
Wages and salaries				432,164	396,129
Social security costs				30,511	25,338
Other pension costs				5983	8,601
				470,658	430,068
The average	monthly	number ofemployees	during the year was as follows.
Management	and administration			8	8
Charity staff				20	19
				28	27

					2021
					Total
			Unrestricted	Restricted	funds
			funds	funds	(re-stated)
			6	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			882,957	114,500	997,457
Other trading activities			69,398		69,398
Investment income			81,913		81,913
Other income			34,310		34,310
Total income			1,068,578	114,500	1,183,078
EXPENDITURE ON
Charitable activities
Charitable expenditure			1,029,809	8,972	1,038,781
Total expenditure			1,029,809	8,972	1,038,781
NET INCOME			38,769	105,528	144,297
RECONCILIATION	OF FUNDS
Total funds brought	forward		16,735,491	780,401	17,515,892
TOTAL FUNDS CARRIED FORWARD			16,774,260	885,929	17,660,189

								Fixtures
					Freehold		Gandhi	Fittings 8
					Land 8,		Peace	Office		Deities 8
					Buildings		Centre	Equipment		Ornaments	Gold			Total
						8	6	5		6	6			6
COST
As at 1stApril		2021 (re-stated)			12,302,948		747,454	871,505		123,186	8,778			14,053,871
Additions					1,623,889			78,717		28,487				1,731,093
Disposals
As at 31st	March		2022		13,926,837		747,454	950,222		151,673	8778			18784864
DEPRECIATION
As at 1st April		2021 (re-stated)			1,002,353		22,416	648,671		24,983				1,698,423
Charge for	the	Year			134,071		7,472	25,561		3,033				170,137
As at 31st	March		2022		1,136.424		29,888	674.232		28,016				1,868,560
NET BOOK VALUE
As at 31st	March		2022		12,790,413		717,566	275,990	.	123,657	8,778			13,916,404
As at 31st	March		2021		11,300,595		725,038	222,834		98,203	8,778		-	12,355,448
(re-stated)
NOTE 15.'
DEBTOR	' AM		NTS	FALLING DUE		WITHIN	ONE YEAR
														2021
												2022		(re-stated)
												6		6
Gift Aid Recoverable											15,872			18,207
Other Debtors											3,904			38,647
Prepaid Expenses			and Accrued Income								48,880			192,441
											68,656			249,295
NOTE 16:
DEBTORS	AMOUNTS			FALLING DUE		AFTER	MORE THAN	ONE YEAR
														2021
												2022		(re-stated)
												6		5
Loan - Tividale Tirupathi Provision against loan				Balaji Temple							168,274 ~768274		168,274 ~7.68,274

									2021
								2022f	(re-stated)f
Trade Creditors							13,873		37,939
Accrued Expenses and Deferred Income							30,912		14,061
Taxation and Social Security								7,069	6,564
Other Creditors							50,113		4,388
							101,967		62,952
NOTE 17:
ANALYSIS OF NET ASSETS BETWEEN F		NDS
									2022
						Unrestricted	Restricted		Total
						fundsf		funds	fundsf
Tangible Fixed Assets						13,198,838	717,566		13,916,404
Current Assets Current Liabilities						4,815,418 101,967 17,912,289	127,345 844,911		4,942,763 ~181,88 18,757,200
NOTE 18:
MOVEMENT IN FUNDS
	At 1stApril					Transfers
	2021		Incoming		Resources	Between	Gains	and	At 31st March
	(re-stated) f		Resources f		Expended f	Fundsf	Losses f		2022f
Unrestricted Funds
General Fund	16,774,260		2,369,126		1,268,097	37,000			17,912,289
Restricted Funds
Gandhi Peace Centre Fund	772,929				7,472				765,457
Yaga Sala Fund	113,000			3,454		(37,000)			79,454
Sandwell Breathes Fund				2,000	2,000
TOTAL FUNDS	17,660,189		2,374,580		1,277,569				18,787,2811

Comparatives for move	ment	s in funds
		At 1st April			Transfers		At 31stMarch
		2020	Incoming	Resources	Between	Gains and	2021
		(re-stated) f	Resources	Expended f	Funds f	Losses f	(re-stated) f
Unrestricted Funds
General Fund		16,735,491	1,068,578	1,029,809			16,774,260
Restricted Funds
Gandhi Peace Centre Fund		780,401		7,472			772,929
Sporting Equals Fund			1,500	1,500
Yaga Sale Fund			113,000				113,000
TOTAL FUNDS		17,515,892	1,183,078	1,038,781			17,660,189
A current year 12months	and	prior years 12months combined		position is as follows.
		At 1st April			Transfers
		2020	Incoming	Resources	Between	Gains and	At 31stMarch
		(re-stated) f	Resources f	Expended f	Fundsf	Losses f	2022 f
Unrestricted Funds
General Fund		16,735,491	3,437,704	2,297,906	37,000		17,912,289
Restricted Funds
Gandhi Peace Centre Fund		780,401		14,944			765,457
Sporting Equals Fund			1,500	1,500
.Yaga Sale Fund			116,454		(37,000)		79,454
Sandwell Breathes Fund			2,000	2,000
TOTAL FUNDS		17,515,892	3,555,658	2,314,350			18,757,200

							2021
						2022.	(re-stated)
						6
Net income	forthe	reporting period (as per the Statement			of Financial Activities)	1,097,011	144,297
Adjustments	for:
Investment	income	recognised		in income and expenditure		(104,644)	(81,913)
Depreciation						170,137	145,283
Movements	in working		capital:
Decrease/(increase)		in	debtors			180,639	(129,334)
Increase/(decrease)		in	creditors			39,015	10,863
Cash generated from			operations			1,382,158	89,196
					Page 29

NOTE 22:
ANALYSIS OF CHANGES		IN NET FUNDS
			At 1st April
			2021			At 31stMarch
			(re-stated) 2	Cash f	flow	2022 2
Net cash
Cash at bank and	in hand		5118285	244281		4824181
			452$2$8	2	aa1	4sr418r