SHRI VENKATESWARA (BALAJI) TEMPLE OF THE UNITED KINGDOM

Charity Number: 326712
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To promote the advancement of Hindu religion.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£3,677,320

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £2.83m
Charitable activities £0
Other trading activities £634.50k
Investments £207.93k
Other £0

Total expenditure:
£1,670,835

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £1.67m
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £1.67m
Retained for future use £2.01m

People

31 Employee(s)

5 Trustee(s)

300 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Religious Activities
  • Arts/culture/heritage/science
  • Amateur Sport
  • Environment/conservation/heritage
Who the charity helps:
  • People Of A Particular Ethnic Or Racial Origin
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 01 November 1984: Standard registration
Organisation type:
Other
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

5 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dr Sinnathamby Kanagaratnam Chair 20 August 2016
None on record
Kodavoor Ramachandra Aithal Trustee 20 August 2016
None on record
Dr Amirchetty Rajeshwar Rao Trustee 20 August 2016
None on record
Paranjyothi Ramaiah Trustee 20 August 2016
None on record
Dr Ramakrishnagupta Mudalagiri Trustee 20 August 2016
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £1.83m £1.18m £2.37m £3.07m £3.68m
Total expenditure £1.45m £1.04m £1.28m £1.48m £1.67m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £1.53m £997.46k £1.94m £2.43m £2.83m
Income - Other trading activities £189.20k £69.40k £332.45k £497.50k £634.50k
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £114.37k £81.91k £104.64k £137.25k £207.93k
Income - Other £0 £34.31k £0 £0 £0
Income - Legacies £0 £997.46k £0 £0 £0
Expenditure - Charitable activities £1.45m £1.04m £1.28m £1.48m £1.67m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £0 £0 £0 £0 £37.89k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £12.25m £12.47m £13.92m £15.22m £17.26m
Long-term investments £0 £0 £0 £0 £272.00k
Other assets £5.44m £5.37m £4.94m £5.18m £4.87m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £52.09k £62.95k £101.97k £57.92k £45.82k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 23 November 2024 On Time
Accounts and TAR 31 March 2024 23 November 2024 On Time Download Open in new window
Annual return 31 March 2023 09 December 2023 On Time
Accounts and TAR 31 March 2023 09 December 2023 On Time Download Open in new window
Annual return 31 March 2022 26 November 2022 On Time
Accounts and TAR 31 March 2022 28 September 2022 On Time Download Open in new window
Annual return 31 March 2021 13 November 2021 On Time
Accounts and TAR 31 March 2021 13 November 2021 On Time Download Open in new window
Annual return 31 March 2020 21 November 2020 On Time
Accounts and TAR 31 March 2020 21 November 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

CONSTITUTION ADOPTED 21/10/1984 AS AMENDED ON 10/06/1997 AS AMENDED ON 14/12/1998 AS AMENDED ON 20/11/2015 as amended on 20 May 2018 as amended on 29 Sep 2019 as amended on 11 Feb 2021

Charitable objects

THE OBJECTS OF THE INSTITUTION SHALL BE: (1) TO PROMOTE THE ADVANCEMENT OF THE HINDU RELIGION BY (A) THE ESTABLISHMENT AND MAINTENANCE OF A TEMPLE FOR THE PURPOSE OF PUBLIC WORSHIP OF SHRI VENKATESWARA (BALAJI) AND OTHER RELIGIOUS CHARITABLE PURPOSES, (B) PROVIDING RELIGIOUS DISCOURSES AND THE CELEBRATION OF HINDU RITES CEREMONIES AND FESTIVALS. (2) TO PROMOTE THE ADVANCEMENT OF EDUCATION IN (A) THE HINDU RELIGION AND COMPARATIVE RELIGIOUS PHILOSOPHY (B) THE HINDU TRADITIONS, HISTORY, LANGUAGES, LITERATURE AND MUSIC.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
Shri Venkateswara Balaji Temple UK
101 Dudley Road East
OLDBURY
B69 3DU
Phone:
01215442256
Email:
balajitemplebirmingham@gmail.com
Website:

www.venkateswara.org.uk Open in new window