TAMIL WELFARE[ASSOCIATION] (NEWHAM) U.K
CORPANY NO: 2962857
CHARTIY NO: 1047487
RIANANCIAL STATEMENTS
«for the year ended - 3257 DECEMBER 2023
ADVANCED ACCOUNTING PRACTICE CERTIFIED ACCOUNTANTS 23 LANGMEAD DRIVE,
BUSHEY HEATH, HERTS, WD23 460
TAME: WELEARE[ASSOCIATION] (NEWHAM] U.K
CHRECTORS/TRUSTEES
P Sritharan (Mrs) i Paramsothy (Miss) F Chandracas Esq K Thiyagarajah Esq
B Kajariavanathan Csq {Left 23.64.2073) S Muthucumarasamy £4q
P Vigneswaramoorthy Esq
T Thayaparan (Mrs) K Paramasivam F Wijeyaratnain
Shawmeva fivathas (Appointed 14.06.2023)
SECRETARY
P Chandradas Esq
REGISTERED OFFICE & BUSINESS ADDRESS
602 Ramford Road,
Manor Park, London, Ei? SAF
ACCOUNTANTS
Advanced Accounting Practice
Certified Accountants
Herts WO23 46Gb
SOLUCITORS jaya & Ca. 322 High Street North, Manor Park LOordor E12 654
PRINCIPAL BANKERS
Barclays Bark Pic Newnam Business Centre
737 Barking Road, London, £13 SPL
Pape 2 af 24
TAMIL WELFARE ASSOCIATION [NEWHAM)U.K
REPORT OF THE DIRECTORS /TRUSTEES
The diractors presant thelr reapart and financial statements for the year ended 31" December 2023.
PRINCIPAL ACTIVITIES AND BUSINESS REVIEW
The Association is a registered charity, and the company is limited by guarantee and not having a share capital,
Tne Association’s principal activicy is to aravide advisary, legal casework and representative services for the Tamil speaking community in the United Kingdom, (o foster and promote good race relations between such persans of al! groups within the area of benefit,
FUNDS
The directors recommend that £32,000 be transferres from the unrestricted fluinds to the designated fund account.
The company is 6 registared charity arte hence ra dividands are payable,
PIRECTORS AND THEIR INTERESTS
The diractors do not have any interests i (he capital or reserves of the company,
TRUSTEES DIRECTORS’ RESPONSIBILITIES
The trustees Owho are algo directors of Tarnil Welfare Association (Newharn} U.K for the purposes af the campany law) are resaonsible for praparing the Trustees’ raperct and tha financial statements in accordance with applicable aw and United kimgdorn Accounting Standards (United 4ingdom Generally Acceatable Accounting Practice),
Comoany law reaiires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the Incoming resources and application of resources, including the income and exnenditure, of the charitable company for the year. In preparing these financlal staternents, the Wustees are required to:
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Select suitable acenunding pobcies and thon apply them consistantly.
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-» Make jrdgemeats and estitnas$ that are reasonable and prudant. . Prevare the finarictal statermacts od the going concern basis unless it is inappropriate to presume that the charitatle company wil conte in aperation,
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. State whether applicatle UK Accounting Standards have been followed, subject to any rmateriol departures disclased and expleined in the financial statements.
The Wustees are responsible tar keeping proper accounting records which disclose with raasonable accuracy at any time the Tinancial position of the company and te enable them to ensure that the financial statements comply with the Carnparigs Act 2006. They are alsa responsible for safaguarding the assats of the charitable campany and hence taking toasonable stags for ihe prevention and detection of traud and other irreguiarities,
CLOSE COMPANY
The company is 3 close company a) defined by the tncome and Carporation Taxes Act 1988.
INDEPENDENT EXAMINERS
Advanced Accounting Practice ere willing tc be resopointed as independent examiners.
Qate: L474 February 2024
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By order of the Board
be duck Py
ar
P Chandradas Esq
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Secretary
Page 2at 34
TAMIL WELFARE ASSOCIATION (NEWHAM)[U4]
INDEPENDENT EXAMINER'S REPORT TG THE TRSUTEES GF TAMIL WELFARE ASSOCIATION (NEWHAM} U.K
i regort on ha accaumes of the company foi the year ended 31° December 2023 which are ser oul on pages 3 Lo 14.
Respective responsibilities of the trustees and @xaminer
Tie trustees (Who are diso directors af Tami! Welfare Association (Newham) U.« tor the purposes of the company law) are resoonsible for the preparation of the accounts, The trustees consider that an audit is nat required for this year under section 43 (27) of the Charities Act 1.993 (the 71993 Act} and that an independent examination is needed.
Having satisfied myself that the charity is nat subject to an audit under company law is eligible for independent exaitinadon, itis my responsibility ta:
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Examines the accounts under section 43 of the 1993 Act
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5 Fallow the procedtres laid down in the general directions given oy the Charity Cammission (under section 43 (7} of the Act, 55 amended): and
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State whether particuiar matters have come te my attention,
Basis of independent examiner's statement
My examination was tarriad out in accordance wiih general directions given by Charity Commission. An examination includes a review of the accounting records kept by the charity and 3 comparison of the accounts presented with those records. if alsa includes consideration of my Unusual terns of disclosures in the account and seeking explanations trom you a5 trustees conceraing aay such matters, The procedures undertaken do not provide af the evidence that would be ragnived in an audit, and consaquantly no ODinion is given to whether the accounts present a ‘true and fair view’ and the rencrt is fimited te these matters sat our in che statement below,
Iodenendant cnaminer’s statement
in connection with my examination, ne siatier has cama to my attantlon:
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Whicli givas ret reasonable cause to beleve that, in any material respect, tha raquiremerits:
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2) To heap acccuntine recocds in accordance with section 286 of the Carnpanies Act 2006; and
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hb} Te prepare accounts which accords with the accounting records, cornply with the accounting requirements of section 396 af the Companies Act 2006 anc with the methods and principles of the Statement of Recommended Practica: Accounting and Reporting by Charities have not been met or
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To which, in roy opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
AGVANCER ACCOUNTING PRACTICE
Charterad Certified Accountants
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(w3“
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23 Langrnead Drive,
Bushey Heath,
Hertfordshire, WD23 4GD
ale La Fearuany 2004
Page 4 ot 44
TAIL WELFAREASSOCIATION(MEWH ANA) BLK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 3157 DECEMBER 2022
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Restricted|Unrestricted|Total|Total|
|Motes|Funds|Funes|2023|2022|
|£|£|f|E|
|INCOMING|RESOURCES|FROM|GENERATED|FUNDS|
|Grants|2|203,229|22,000|328,229|148,602|
|Government|Legal|Dent|Receipts|-|-|:|:|
|Bonations|-|14,831|14,834|42,735|
|Moarmbership|subscriptions|:|B60|860|930|
|Income|from|generating|funds|.|992|992|993|
|Interest|receivable|A|.|§,365|5,365|314|
|Total incoming|resources|a203239|a0|247,276|163,352_|
|RESOURCES|USED|
|Direct|charitable|exnenditure|08,022|-|108,022|$3,928|
|Governance|costs|31,726|9,763|42479|27,989|
|71|1|2|
|NET INCOMING|RESQURCES|63,491|34,284|97,775|50,444|
|BEFORE|TRANSFERS|3|
|Transter|from|Unrestricted|Funds|{63,491}|63,491.|:|-|
|Fransfer|to|Designated|Fund|2|_—-|(32900)|(20,000)|
|ete|nt|TS|5,775||AO|aad|
|Add|Balance|brauatt|forward|75,761|35,317|
|Balaziee|carried|forward|141,536|75,764|
|The|motes|on|pages|7|ta|Li|form|part|of these|fingnvist|statements.|
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Papo Safad
TAMIL WELFAREASSOCIATION(NEWHAMT U.K
BALAMCE SHEET AS AT 315" GECEMBER 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | fi | £ | £ | £ | ||
| BALANCE SHEET AT 3237 BECEMAER 2022 | ||||||
| FIXED ASSETS | ||||||
| Tangible assets | 7 | 360,549 | 361,277 | |||
| CURRENT ASSETS | ||||||
| Oabtars | 8 | 19,361 | 11,567 | |||
| 285,510 | 191,347 | |||||
| CREDITORS: Arnounts falling due | veecnd81.2) | £46,950)_ | ||||
| Within: ane year | 9 | |||||
| NETCURRENTASSETS | eBO3,698 | aed LA 397, |
||||
| TOTALASSETS LESS CURRENT LIABILITIES | 624,247 | 535,674 | ||||
| CREDITORS: Amounts falling due | {112,196} | (121,392} | ||||
| after rriore than one year | 1) | |||||
| _ | _ | |||||
| 412,057 | __434,282 | |||||
| FUNDS AND RESERVES | ||||||
| Designated funds | 11 | 370,521 | 338,521 | |||
| Unvastrieted funds | 12 | LALS36 | ethae | |||
| $12,057 | 414,282 |
For the year anding 37" December 202% the cammpany was entitled to exemption from audit under section 477 of the Companios Act 2006 relating to sma companies.
Director's respansibhitias:
i} The members have not required the company ta obtain an audit of its accounts the year in question in accordance with section 476,
ii} The directors acknowledge their responsibilities for complying with the requirernents of the Act with respect ta accounting records ang tha preparation af accounts.
,
The financial statements were approved by the board on 14” February 2024 and signed on its behalf by
pe hd, AM eb serrata wee S Musthucumarasanty Esa \enifeetor
The notes on pages 7 to 1] form part al these financial staremiants.
Pape 6 af 34
TAME, WELFAREASSOCIATION(NEWHARM) Lk
NOTES FO THE FINANCIAL STATERMENTS FOR THE VEAR ENDED 315° DECEMBER 2023
- 1.0 ACCIUNTING POLICIES
V1 BASIS OF ACCOUNTING
Tha financial statements have been prepered under the historical cost convention and are in accordance with applicable accounting standarcs
12 INCOMING RESOURCES
This includes grants received, membership fees, bank interest and donations received.
23 BEPRECIATION
Desreciation 1 provided using the following rates and bases to reduce by annual instalments the cost, less estimated residual value, af the tangible assats over their estimated useful tyes.
Fixtures and fittings
15% reducing balance,
No depreciation is provided on freehold buildings as it is the company’s policy to maintain these soa as to extend their useful lives.
3.4 DEFERRED TAXATION
Deferred taxation is provided where there is a reasonable profitability of the amount becoming payable in the foreseeable future,
LS LEASING ANS HIRE PURCHASE
Rertals payable andar operatiag Wases are Takuan to rhe profit and Joss acequnt on 2 straight-tine basis over the fease term.
Pare 7 of 14
TANHL WELFARE ASSOCIATION (NEWHAI} U.K
NOTHS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3157 DECEMBER 2023
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2023|2022|
|£|£|
|2.|GRANTS|RECEIVED|
|Analysis|by:|
|iegal|Aid|Agency|re|Legal|work|73,558|203|
|London|Legal|support|trust|10,000|22,912|
|Landon|Legal|support|trust|re:|Cest|of|tiving|35,646|41,216|
|London|compriunity|fund|re:|Cast|of|tying|16,825|:|
|Access|ta Justice|re:|Advisary|work|-|12,196|
|Trust|for|London|22,000|:|
|The|AB|Charitable|Trost|22,000|20,000|
|Clot hworker's|Foundation|4,000|10,0008|
|Reaching|Community|ce:|immigration|wore|44,206|44,825|
|{loyds|Bank|vee|AEA|
|295399|148,602|
|NSTaS YP|a|ie|ae|ee|
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,
The grant received fram Communivy Furic has been used for general advisory and legal representation. Grant received fromm Legal Atd Agency has bean used for specialist and case work on asylurn matters.
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|||||||
|---|---|---|---|---|---|
|2023|2022|
|£|£|
|3.|MEP|INCOMING|RESOURCES|
|Toe|net|incerning|resources|is|staced|
|after|charging:|
|Depreciation|eeae|
|Kae|
|2023|2022|
|E|£|
|4.|INTEREST|RECEIVABLE|
|Gank and|other|inleresr|receivable|5,36514|
|5,365|Li4|
|—==——————————|eee|
|2023|2022|
|£|£|
|S.|INTEREST|PAYABLE|
|Gn|Sank|loans|and|avardratt|esee|
|7,378|6,472|
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Fage fol 14
TAL WELFASEASSOCIATION(NEWHAM) U.K
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3457 DECEMBER 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| & DIRECTORSAND EMPLOYERS | |||||
| Siaff casts: | |||||
| Wagesand salaries | 48,310 | 36,953 | |||
| Social security costs | oc | tcc LP |
|||
| een ABBIO |
57,472 | ||||
| 7. TANGIBLE ASSETS | |||||
| Land& buildings |
Fixtures & fittings |
Total | |||
| £ | £ | £ | |||
| Cat | |||||
| AL Ast January 2023 | 356,440 | 49,468 | 405,888 | ||
| At 3istDecember 2023 | ebeectcccen | nuteasunmannet | nuteasunmannet | pment emilee |
|
| weet S420 | 0 | ADAGB | 405,BER | ||
| Bepredation | |||||
| At ist January 2023 | 44,811 | 44,634 | |||
| Charge for the year | ee A |
ee | |||
| fiet book value al Sist Decariber 2025 | Pact | 356,420 Aa LlA |
4,129 ATTA |
360,549 Sere |
|
| Nat bookvalue at 3ist Decamoer 2022 | 356,420 | 4,857 | BOL277 | ||
| 2023 | 2022 | ||||
| E | £ | ||||
| Analysis of net book velue of lang and lnuildings: | |||||
| Freshotd | 356,420 | 356,420 |
Pawo 9 of 44
TAIVIL WELFAREASSOCIATION(NEWHAM) UK
MOTES TD THE FINANCIAL STATEMENTS FOR THE YEGR ENGED 3257 DECEMBER 2023
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| 8. GEBT ORS | |||
| Other Gebrors | . | s]81s) | |
| Pranayments and accrued grant income | 39361 | 10,864 | |
| _ | 19,36) | 14,670 | |
| 2023 | 2022 | ||
| é= | £ | ||
| 3. CREGITORS,AMOUNTS FALLIG | |||
| WITHER ONE YEAR | |||
| Baok loan aadoverdrafts | 15,20) | 12,443 | |
| Other creditors | 4,137 | . | |
| Accruals and grants received in advange | 5,474 | 4,415 | |
| PAYE aind National fisurance | “cone neee ype pe BS |
||
| 23,812 | 16,950 | ||
| 3 | a | ||
| 2023 | 2022 | ||
| £ | £ | ||
| 20, CREDITORS: AMOUNTS FALLING | |||
| DUE AP TERMORE THAN ONE YEAR | |||
| Bank loan | vend tAA9G |
1AE 30d |
|
| ____i12,190 | 121,391 | ||
| BORROWINGS | 2623 | 2022 | |
| £ | E | ||
| The company’s borrawings are repayable | |||
| as follows: | |||
| inane year, oriess ar on dernand | 15,203 | 12,450 | |
| Between one and tw years | 30,402 | 24,353 | |
| Beiween two and five years | BEER | 97,031 | |
| 427,352 | 133,834 |
Details of Security:
The bark toan is sacured by way of jegal charge over the cornpany’s freehold properly, The Association makes a yearly repayment of 215,200 tawards this aan and the loan is expected to be repaid within & years,
Paye 10 of 44
TAMIL WELTARE ASSOCIATION (NEWHAM)ULI
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3157 DECEMBER 2023
| 2023 | 2022 | |
|---|---|---|
| 11, DESIGNATED FUNDS | £ | f |
| Balanceas at lat lanuary | 338,521 | 328,521 |
| Trasstenred fram Unrestricted funds | 327,000 | 10,000 |
| Balanceasat31stDecember | 370,521 | 338,521 |
This represents funds retained for the acquisition of the adjacent building to add space for its principal activities of providing advisory services,
| Unrestricted | ||
|---|---|---|
| Funds | ||
| E | ||
| 12, PROFIT AND LOSS ACCOUNT | ||
| Accuoruated Reserves braughtforward | 75,761. | |
| Reyerves of current year | TTS | |
| Accumulated Reserved carriad forware | _ | 141,536 |
Page Lt of 14
.
TARA WELEARE[ASSOCIATION] (NEWHAM) UK
BETAILED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 315" DECEMEBER 2023
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|||||||
|---|---|---|---|---|---|
|2623|2022|
|£|E|€|£|
|Income|
|Grant|Received|{Sch|4}|225,229|143,602|
|Client|disbursements|14,608|6,863|
|Education|praject|2,468|2,084|
|Age|Concern|project|1,688|‘1|
|Salaries and wages|(iach|NI)|48,810|57,472|
|Professional|fees|506|680|
|Volunteer|staff|16,627|&,240|
|Sessional|warrars|18,200|-|
|Staff|recruitment|and|training|Gal|2,059|
|Rates|and|insurance|4,574|5,599|
|408,022|.|23,928|
|Light|and|heat|5,686|5,224|
|Yaloghone|and|fax|2,861|2,532|
|Printing,|postage|and|stationary|2,341|3,793|
|Oita|mainlenance|4,176|4,127|
|Repairs|renawals|anid|nainternance|10,982|:|
|Actountancy|3,200|3,000|
|Security|casts|e245|732|
|Travelling|455|1,329|
|BU76|29,089|
|135,738|103,017|
|Net|surplus/ deficioncy|85,491|4S,|585|
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103,017
Page wotid
TAMIL WELFARE[ASSOCIATION] [NEWHANM) UK
DETAILED INCOME & EXPENDITURE ACCOUNT FOR THE YEAH ENDED 3157 DECEMEBER 2023
| 2023 | 2023 | 2022 | |||
|---|---|---|---|---|---|
| £ | £ | E | £ | ||
| Income | |||||
| Membership fees received | 860 | 930 | |||
| Donations and other income | 14,831 | 1Z,715 | |||
| Surplusan cultural cdght programme | S71. | . | |||
| Family outing | ARO | ooeccttceeennntWG) | |||
| 16,682 | 13,539 | ||||
| Loss: Expenditure | |||||
| SunyOxXPEnses | 1,184 | 1,053 | |||
| Membershio anc subscriptions | ave | 382 | |||
| Deoreciatian | 728 | 857 | |||
| a4 | 2,384 | 2,302 | 2,302 | ||
| OTHERINCOME AND EXPENSES | |||||
| infarest recievable | |||||
| Bank cleposit interest | 5,265 | 114 | |||
| INTEREST PAYABLE | |||||
| Gn hank ioar: | 7,379 | 6,472 | |||
| NETINCOMINGRESOURCES | 97,775 | $0444 |
Page 13 of 14
TANI WELFARE ASSOCIATION (NEWHAM)[UK]
DETAHED INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 3157 DECEMEBER 2023
|Schedule | - Grants received|2023|2022| |---|---|---| ||€|£| |legal Aid Ageney re: &aylur Legal waric|73,558|203| |Landon Legal support|10,600|22,912| |London Legal support rea@ cost of living|35,640|12,218| |London Community fund re: Cost of living|16,825|| |Access ta Justice re: Advisory wark|-|12,196| |Frost for london|22.000|“| |fhe AB Charitable Trust|22,082|20,000| |Clorhworkers Fourndszion|1,000|2.0,000| |Reaching community ce: immigration work|44 205|44,825| |Lloyds Gank|ABO|| ||225,229|148,602|
Page 14 of ta