SAM ACCOUNTANTS Chartered Certified Accountants 46 %taliiin L,1: 11211 .176.18411 -niAiI: a(Imtn'rt 4#niacLllUI)IAnl%.ciim Date.. 8, July 2021 Out ref.. CT 633 Dear Tharmalingam Chrishanthan, Chundikuli Trust Fund - 1009205 Chundikuli-STJohns Past UK Association 21 Gainsboro Gardens Greenford Middlesex UB6 OJG This is to confirm that the Income and Expenditure Account for the year end 31 March 2021 is true and fair to the best of my knowledge. Please contact us, if you require any further information. Yours Sincerely, M Sathananthapotham M Siiili#ii#nthxputhani f¥J%c. FC.'C.A i klLl¢lUlltAiir% l.Id, l<cgi%t¢rcd Officé.: 46 St%lioJi Road, Nijrth Hiii'riJK. Iliil(IIIiLI. H..1? Y%F-. C'iimp#iii Ki'xi%iriiliiiii Nurnhi r.. 11647111 Sy ACCA
SAM ACCOUNTANTS Chartered Certified Accountants iirih Harr(JH. Ilidil IL'4L' -mail: ailmin,'a saniaeLI)unlAnls.e(Im Date.. 8, July 2021 Out ref: CT 633 Independent Examlnerfs Report To the Trustees of Chundikuli Trust Fund Charity Number1009205 I report on the accounts of the year ended 31 March 2021 set out on the pages one to three Respectlve respon5ibillties of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's tru5tee5 consider that an audit is not required for thi5 year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charitie5 Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of the Charities Act), and to State whether particular matters have come to my attention. Basis of independent examlnerfs report My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compari50n of the account5 presented wjth those records. It also includes consideration of any unusual item5 or disclosures in the accounts, and seeking explanatlOn5 from the tru5tee5 concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the Statement below. Independent examlner's statement In the course of my examination, no matter has come to my attention.. 111 which give5 me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 130 of the Charities Act,. to prepare accounts with accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met,. or I SaihMiiHntliapotli14 ni MSC, FC-C.A Am .4iiiJuiiiatJl% l.id. Ri2lSttrL'd OffiLt: 46 liuliuii Ruad, ..l()rlh Hdl'rom., Trliildli%ix. H.4? 74F. ACCA
121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 131 the accounts have been prepared in accordance with the Charities SORP IFRS 1021 M Sathananthapotham 8th of July 202 1 Page 2 01- 2
CHUNDIKULI TRUST FUND ( CTF )
Registered Charity in England & Wales ® no: 1009205
INCOME AND EXPENDITURE - 2020-2021
FOR THE YEAR ENDED 31 MARCH 2021
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Notes 2021 2020
RECEIPTS
Eagle Nest - Student Sponsorship Donations 13,078 13,988
Eagle Care - Sivapoomi Donations 3,900
Eagle Vision - Robert Williams Hall Individual Donations 58,818
CTF Projects Funds 1 73,305 28,324
Gift Aid 23,921 9,501
CSJPPA / CTF Members donation 1,924 1,594
Interest received 2,469 4,278
Sub total of receipts : carried fwd to next page 177,415 57,684
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CHUNDIKULI TRUST FUND ( CTF )
Registered Charity in England & Wales ® no: 1009205
INCOME AND EXPENDITURE - 2020-2021 FOR THE YEAR ENDED 31 MARCH 2021
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Notes 2021 2020
Sub total of receipts b/ fwd from previous page 177,415 57,684
LESS: PAYMENTS
Eagle Nest - Payment to St. John's , Chundikuli and KN 11,769 15247
Eagle Care - Dr G R Handy & J R Fussey Trust Fund
Fund transferred to Eagle Care Trust in SL 28,592 6995
Technology Enhancement Programme 1,036
Sivapoomi Fund 4,874
CTF Projects Payments 2 76,645 44520
General Expenses 228 180
Bank charges 88 40
Currency Exchange Loss 2,698
Sub total of payments 125,930 66,982
Excess / (Shortfall) of income over expenses 51,486 (9,298)
Retained Surpluses brought forward 235,462 244,760
Retained Surpluses carried forward 286,948 235,462
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We approve this accounts which have been prepared form the receipts, payments and accrued income and expenses accounts relating to the financial year.
Christoff Thanapalan - Treasurer T Chrishanthan - President
Verified by
M Sathananthapotham
Sam Accountants
CHUNDIKULI TRUST FUND ( CTF )
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Balance Sheet 2020-2021
AS AT 31 MARCH 2021
Current assets: Notes 2021 2020
HSBC Current A/C a,h&(eii) 5,584 1,342
HSBC ( Eagle Vision) c 58,819 1
HSBC Reserve A/C a & b 146,174 190,092
HSBC Other Reserve A/C e(i),f,g &i 11,855 261
Nationwide 0 57
NatWest -SJC Account -63010593 - No1 e 4 92
NatWest -CGC Account -62898612 -No2 f 5 5,483
NatWest -St John's Fund Account d 306 246
NatWest- Members Donation Account d 6,629 4,765
CTF Trust SJC/GCG Saving Accounts (SL) d 33,572 33,888
Debtor - CSJPPA 0
Debtor - Global Exchange Ltd 0
Debtor - Eagle Nest 0 540
Debtor - Gift aid Claim j 24,000 8550
Total current assets 286,948 245,317
Total assets 286,948 245,317
Current liabilities: Notes 2021 2020
Deferred Income - Virgin Money-Mrs Surendran 150
Eagle Nest Programme 9000
Karuna Nilayam Kilinochchi Fund 705
Total current liabilities 0 9855
Total liabilities 0 9,855
Balance 286,948 235,462
Retained Funds 286,948 235,462
We approve this accounts which have been prepared form the receipts, payments and accrued
income and expenses accounts relating to the financial year.
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Christoff Thanapalan - Treasurer T Chrishanthan - President
Verified by M Sathananthapotham Sam Accountants
CHUNDIKULI TRUST FUND ( CTF )
NOTES TO THE FINANCIAL STATEMENT INCOME & EXPENDITURE AS AT 31 MARCH 2021
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Income £
1 CTF Projects Receipts
Late Mr.Surendran Fund 9,242
Late Mr.Mike Navaratnarajah Fund 215
Karuna Nilayam Kilinochchi Fund (Dr.Pararasan Arulanantham) 200
Rev.J Gnanponrajah's Retirment Fund 1,000
Canaan harvest children girls Orphanage Fund 3,500
Carol Service Donation 230
CSJPPA Donation 10,000
Smart Board - CSJPPA Fund 4,305
Red & Black Lockdown Event - CSJPPA Fund 2,990
Mr. Ananthan Arnold - Smart board 3,600
Johnians 50-60 Group Trust Fund 400
Late Mr.K.P. Pooranampillai Memorial Gold Medal (Top up) 500
81 Class - SJC Fund 7,000
83 Class - SJC Fund 960
BUS Project - SJC Fund 7,823
Smart Board - SJC Fund 3,000
Royce Arasaratnam Gold Medal Fund 500
Late Mr. Raj Skandarajah Cricket Fund 2,084
Smart Board - CGC Fund (Batch collections) 11,012
Sambasivam Memorial Fund 300
Hall Renovation - CGC (125th year celebration) 4,444
73,305
Expenditures £ £
2 CTF Projects Payments
General projects 13,686
Late Mr.Surendran Fund 10,897
Late Mr.Mike Navaratnarajah Fund 625
Karuna Nilayam Kilinochchi Fund (Dr.Pararasan Arulanantham) 250
Rev.J Gnanponrajah's Retirement Fund payments 1,251
Carol Service Expenses 408
Red & Black Lockdown Event - CSJPPA Expense 255
SJC projects 38,725
Smart Board - SJC Expenses (CSJPPA & batch donations) 9,337
Mr. Ananthan Arnold - Smart board 4,500
Johnians 50-60 Group Trust Expenses 1,063
Late Mr.K.P. Pooranampillai Memorial Gold Medal (Top up) 625
81 Class - SJC Fund Expenses 8,995
83 Class - SJC Fund Expenses 1,200
BUS Project - SJC Expenses 9,773
Royce Arasaratnam Gold Medal Expense 625
Late Mr. Raj Skandarajah Cricket Fund 2,607
CGC projects 24,234
Smart Board - CGC Expenses (CSJPPA & batch donations) 21,407
Sambasivam Memorial Fund Expense 375
CGC - Learning Empowerment unit fund expenses 2,452
76,645 76,645
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CHUNDIKULI TRUST FUND ( CTF )
NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2021
| Restricted funds | £ | ||
|---|---|---|---|
| a | Eagle Nest Fund - Managed by CTF Trustees | 18,966 | |
| This is a ring-fenced fund with restrictions on the use of the assets. The primary objective of | |||
| this fund is to award children in need with scholarships, maintenance allowances, | |||
| educational fees, grants, or any other payments to enable the children to progress in their | |||
| education. It has been stipulated that this fund cannot be used for any other purposes. | |||
| b | Eagle Care Fund - Managed by CTF Trustees | 128,000 | |
| This a ring-fenced fund with restrictions on the use of the assets. The primary objective of | |||
| this fund is described in the Eagle Care trust fund deed. For instance, for the provision of | |||
| financial assistance to children with medical needs, special needs, and other mental health | |||
| issues; for the advancement of education for children at the school and higher education, | |||
| especially for children from the northern and eastern provinces of Sri Lanka. | |||
| c | Eagle Vision - Robert Williams Memorial Bicentennial Block Individual Donations | 58,819 | |
| This a ring-fenced and semi-restricted fund. | |||
| Semi restricted funds | |||
| d | CTF Base Fund - Managed by CTF Trustees | 40,507 | |
| This is a restricted fund. The sole beneficiaries of the fund are CHUNDIKULI GIRLS’ | |||
| COLLEGE (CGC) and ST JOHNS COLLEGE (SJC). Both CGC and SJC will have equal | |||
| share of this fund. For the first five years ending 2023, all the interest earnings will be re- | |||
| invested back into the fund. At the end of the five years, the CTF trustees will decide how | |||
| much of the interest income earned in the 5 years’ will be used for improvement of | |||
| educational facilities at the schools or reinvest the interest earnings back to the fund for | |||
| another five years. The detailed objective of this fund is described in CTF's base fund trust | |||
| deed. Value of fund on 31st of March 2020 was RS 7,485,395 /= and the value on 31st | |||
| March 2021 was RS 8,057,279 /=. | |||
| **e (i) ** | SJC Fund - Managed by CSJPPA UK & SJC | 92 | |
| **e (ii) ** | SJC Fund - Managed by CSJPPA UK & SJC (DD Money) | 1,300 | |
| f | CGC Fund - Managed by CSJPPA UK & CGC | 4,586 | |
| g | Red & Black Lockdown Event - CSJPPA Fund | 2,734 | |
| h | Canaan harvest children girls Orphanage Fund | 3,500 | |
| i | CGC Hall Renovation | 4,444 | |
| j | Gift aid Claim | 24,000 | |
| Total restricted & semi restricted funds | 286,948 |