HINDU TAMIL CULTURAL ASSOCIATION (ENFIELD)
Financial health, per its FY2022 accounts
The accounts state that the charity held net assets of approximately £3.3 million at the end of the financial year, an increase from £3.1 million the previous year. The trustees consider the key measure of sustainability to be liquidity cover and confirmed that cash reserves of at least £50k are maintained to provide sufficient resources in the event of adverse conditions. The charity is totally reliant on donations, with the trustees noting that income has increased compared to pre-Covid levels despite higher inflation and economic factors affecting costs.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ANTHONIPILLAI KANTHARUBAN
- Jeevah Daniel Haran
- KANGASABAPATHY MATHISOODY
- Kabilan Ganeshamoorthy
- MR THAMPIPPILLAI MANMATHARAJAH
- NAVARATNAM SHANMUGANATHAN
- PONNIAH KAILAYAPATHIVAGAN
- SUNDARAMPILLAI SIVACHANDRAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.1m |
| 31/12/2023 | £1.2m | £972k |
| 31/12/2022 | £920k | £739k |
| 31/12/2021 | £802k | £651k |
| 31/12/2020 | £777k | £610k |
Common questions
Is HINDU TAMIL CULTURAL ASSOCIATION (ENFIELD) financially healthy?
The accounts state that the charity held net assets of approximately £3.3 million at the end of the financial year, an increase from £3.1 million the previous year. The trustees consider the key measure of sustainability to be liquidity cover and confirmed that cash reserves of at least £50k are maintained to provide sufficient resources in the event of adverse conditions. The charity is totally reliant on donations, with the trustees noting that income has increased compared to pre-Covid levels despite higher inflation and economic factors affecting costs. Its FY2022 accounts were audited by Moore NHC Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WESTCOMBE FOUNDATION | 1 | £500 |