SIVAYOGAM
Financial health, per its FY2023 accounts
The accounts state that total income increased to £524,070 from £430,771 in the prior year, resulting in a net income of £86,654. The trustees report that unrestricted reserves are held at a minimum of £25,000 monthly to meet operational budgets, although they note it has been difficult to achieve their three-month reserve policy target due to community reluctance following a temple relocation. Despite these challenges, the auditor confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Board of Trustees established a reserve policy to carry a minimum reserve equivalent of three months of its operational budget.” — page 6
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Jeyakanthan Saravanamuthuchair
- AMBIHAI SELVAKUMAR
- Navaratnam Velupillai
- Nimalan Seevaratnam
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £662k | £505k |
| 31/03/2024 | £562k | £478k |
| 31/03/2023 | £524k | £437k |
| 31/03/2022 | £431k | £356k |
| 31/03/2021 | £398k | £338k |
Common questions
Is SIVAYOGAM financially healthy?
The accounts state that total income increased to £524,070 from £430,771 in the prior year, resulting in a net income of £86,654. The trustees report that unrestricted reserves are held at a minimum of £25,000 monthly to meet operational budgets, although they note it has been difficult to achieve their three-month reserve policy target due to community reluctance following a temple relocation. Despite these challenges, the auditor confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Adrian & Co.