SRI VEL MURUGAN AALAYAM TRUST
To advance the education of the current and future generation in the philosophy and culture, precepts and practice Agama and Vedic values; to provide facilities for cultural and social development for youth development, recreation or other leisure time occupation for those who need them both where life style can be improve.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £4,081 for the year ended 31 December 2024, resulting in a net increase in funds. The balance sheet shows unrestricted reserves of £784,603, supported by tangible fixed assets valued at £1,107,751 and minimal current liabilities. The trustees confirm adequate resources for future operations, with no material uncertainties disclosed.
What the accounts disclose
Trustees
- KANAGASABAPATHY VENAYAKAMOORTHY
- SATHASIVASHARMA MUGUNTHAN
- Vadivelmurugan Karunagaran Male
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £204k | £200k |
| 31/12/2023 | £161k | £134k |
| 31/12/2022 | £180k | £155k |
| 31/12/2021 | £154k | £125k |
| 31/12/2020 | £164k | £89k |
Common questions
Is SRI VEL MURUGAN AALAYAM TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net income of £4,081 for the year ended 31 December 2024, resulting in a net increase in funds. The balance sheet shows unrestricted reserves of £784,603, supported by tangible fixed assets valued at £1,107,751 and minimal current liabilities. The trustees confirm adequate resources for future operations, with no material uncertainties disclosed. Its FY2024 accounts were independently examined.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SRI VEL MURUGAN AALAYAM TRUST | £204k | — | 0 | unclear | — | no doubt |
| COVENTRY SHRI SIDHI VINAYAGAR DEVASTHANAM | £409k | — | 0 | unclear | — | no doubt |
| LONDON SIVAN KOVIL TRUST | £835k | — | 0 | unclear | — | no doubt |
| SWAMINARAYAN GURUKUL UK | £333k | — | 0 | unclear | — | no doubt |
| INTERNATIONAL SOCIETY FOR KRISHNA CONSCIOUSNESS LONDON | £3.6m | — | 0 | unclear | — | no doubt |
| SHREE SWAMINARAYAN AGYNA UPASNA SATSANG MANDAL UK | £895k | — | 0 | unclear | — | no doubt |