SAM ACCOUNTANTS Chartered Certified Accountants .55 Station Road North Harrow. l¥qiddle+iex H.42 7SR TII: 020.37618SU8 E-mail: #drninia,'$aMac¢ountnts.¢OM th Date- 28 April 2022 Out ref.. CT 633 Dear Mrs P N Nathan, Chundikuli Trust Fund - 1009205 Chundikuli-ST Johns 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 2022 is true and fair to the best of my knowledge. Please contact us, if you require any further information. Yours Sincerely, M Sathananthapotham I SathananthApo¢haiM MSC. FCC". A Sam Aicouiitmrjts Ltil. Rt¥ist¢red OffiLt'. 44 4latioii Road. North Flarr0. Miildlesex. HA2 74R Regi%tered in F"n&plAnd aiid W'dlLS Coinpjni Rc8i4tr#t4(Trn Nuiiihi'r.. 116?701 q9 ACCA
SAM ACCOUNTANTS 55 Station R()ad Chartered Certified Accountants North HarroM,,11.liddlesex IIA2 Tel: 020 .176.185U8 Fax: U20 347) 6558 F-tn#il: adinin(a,.s#mac¢ountants.com Date.. 28th April 2022 Out ref.. CT 633 Independent Examinerf5 Report To the Trustees of Chundikuli Trust Fund Charity Number1009205 I report on the accounts of the year ended 31 March 2022 set out on the pages one to three Respective responslbilltles of trustees and examiner The charit(s trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this 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 Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission lunder section 14515llbl of the Charities Act), and to State whether particular matters have come to my attention. Basls of Independent examinerfs 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 comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures 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 fairf view and the report is limited to those matters set out in the statement below. Independent examinerfs statement In the course of my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in, any material respect, the to keep accounting records in accordance with section 130 of the Charities to prepare accounts with accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met,. or M Sathan9nthpoiham l.c, FC'.C.4 AIcouTItMnts Ltd, Regi$lered Oll. 44 statio Romd. Norlh H&rri)Tr. .11(1dles£. HA2 7%R Registered in &.ngl#nd and W"ules Ci)Inp¥iiw RLkPlStrulii)n Number: (Tr6$711149 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 account5 have been prepared in accordance with the Charitie5 SORP IFRS 102) M Sathananthapotham Page 2 of2
CHUNDIKULI TRUST FUND ( CTF )
Registered Charity in England & Wales ® no: 1009205
INCOME AND EXPENDITURE - 2021-2022
FOR THE YEAR ENDED 31 MARCH 2022
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Notes 2022 2021
RECEIPTS
Eagle Nest - Student Sponsorship Donations 12,628 13,078
Eagle Care - Sivapoomi Donations 3,900
Eagle Vision - Robert Williams Memorial Bicentennial Block Donations 74,730 58,818
Chundikuli Girls’ College’s 125th anniversary Fund 7,375
Chundikuli Girls’ College’s 125th Grace Hall Renovation 9,685
CTF Projects Funds 1 18,149 73,305
Gift Aid 33,662 23,921
CSJPPA / CTF Members donation 1,999 1,924
Interest received 126 2,469
Sub total of receipts : carried fwd to next page 158,353 177,415
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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 2022
| FOR THE YEAR ENDED 31 MARCH 2022 | ||
|---|---|---|
| Notes | 2022 2021 158,353 177,415 10,761 11,769 110,000 28,592 1,036 4,874 141,132 9,128 16,143 4,444 27,919 72,201 298 228 76 88 11,262 2,698 326,719 125,929 (168,365) 51,486 286,948 235,462 118,583 286,948 |
|
| Sub total of receipts b/ fwd from previous page | 2 | |
| LESS: PAYMENTS | ||
| Eagle Nest - Payments Dr G R Handy & J R Fussey Trust Fund Fund transferred to fixed deposit SJC Technology Enhancement Programme Sivapoomi Fund Eagle Vision-Robert Williams Memorial Bicentennial Block Chundikuli Girls’ College’s 125th anniversary Fund Chundikuli Girls’ College’s 125th Grace Hall Renovation CTF Projects Payments General Expenses Bank charges Currency Exchange Loss Sub total of payments Excess / (Shortfall) of income over expenses Retained Surpluses brought forward |
||
| Retained Surpluses carried forward | ||
CHUNDIKULI TRUST FUND ( CTF )
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Balance Sheet 2021-2022
AS AT 31 MARCH 2022
Current assets: Notes 2022 2021
HSBC Current A/C a,c 19,807 5,584
HSBC ( Eagle Vision) 5,148 58,819
HSBC Reserve A/C a,b,d,g 48,585 146,174
HSBC Reserve A/C - CGC and SJC Ring Fenced Funds 6,506 11,855
NatWest -SJC Account -63010593 - No1 d 4 4
NatWest -CGC Account -62898612 -No2 d 5 5
NatWest -St John's Fund Account d 366 306
NatWest- Members Donation Account d 8,568 6,629
CTF Trust SJC/GCG Saving Accounts (SL) d 22,310 33,572
Debtor - Gift aid Claim h 8,500 24,000
Total current assets 119,799 286,948
Total assets 119,799 286,948
Current liabilities: Notes 2022 2021
Accruals - CSJPPA - CGC 125 Year Anniversary Service expence 1218
Total current liabilities 1218 0
Total liabilities 1,218 0
Balance 118,582 286,948
Retained Funds 118,582 286,948
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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.
CTF President Mrs P N Nathan
Verified by Sam Accountants M Sathananthapotham
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
CGC Piano from Sathikrishnan KVT 360
CGC Computer Lab 50
CTF Covid Relief 779
Canaan harvest children girls Orphanage Bus Fund 5,850
Mike Navaratnarajah's Trust Fund 200
Dr Sunita & Dr Gunam Christian Studies 4,000
Late Muruganantham Fund 3,510
Dr Sivananthan Memorial-Gold Medal Fund 3,400
18,149
Expenditures £
2 CTF Projects Payments
CTF Covid Relief Fund Expense 876
Canaan harvest children girls Orphanage Fund Expense 11,562
Mike Navaratnarajah's Trust Fund 250
Dr Sunita & Dr Gunam-Christian Studies 5,000
Late Muruganantham Fund 4,148
Dr Sivananthan Memorial-Gold Medal Fund 4,250
CGC - CSJPPA Covid Support 1,295
CGC - Piano from Sathikrishnan KVT 475
CGC Computer Lab Fund 63
27,919
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CHUNDIKULI TRUST FUND ( CTF )
NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2022
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Restricted funds £
a Eagle Nest Fund - Managed by CTF Trustees 36,743
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 18,000
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;
c Eagle Vision - Robert Williams Memorial Bicentennial Block Individual Donations 16,307
This a is a restricted fund.
Semi restricted funds
d CTF Base Fund - Managed by CTF Trustees 31,562
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 2022 was Rs 8,589,462.52. ( 2021- RS 8,057,279 /=. )
Members Donation and Giftaid also included
e SJC Fund - Managed by CSJPPA & CTF 1,392
f CGC Fund - Managed by CSJPPA & CTF 4,559
g Red & Black Lockdown Event - CSJPPA Fund 2,735
h Gift aid Claim 8,500
Total restricted & semi restricted funds 119,799
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