MANITHA NEYAM TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JLfLY 2024 CHARITY REGISTERED NUMBER 1085903 MANITHA NEYAM TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STJuLY 2024 CONTENTS PAGE Trustees and Advlsers Trustees, Report Independent Examiner's Report Statsment of Financial Activities Balance Sheet Notes to the Financial Stateinent MANITHA NEYAM TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2024 TRUSTEES Mr. T.Sangaralingam Mr,S.Mithiran -Cliaimian Dr.N.Sreeharan Mr.V.Gopal Srywillai Mr.R.14ariharan Mr.S.Sathananthan Mr,S.Balasingam Mr.K.S.Sreeeumar Mr.N.Shanmugathas Mr,G.Jothinath Mr.Dushy Selvaratnam Mr.Roshan Rajaratnam (Deceased -19 07 2024) Principal Office 23 Chestnut Drive Pinner.Middx. HA5 ILX Independent Examiner Thiruparan Thuraisingam Sai Accounting Services Limited 54 South Park Road Ilford, Essex IGI I SS BANKERS Barclays Bank PIC 355 Stalion Road, Harrow. Middx,HAI 2AN REPORT OF THE TRUSTELS FOR TEIE YEAR ENDED 31 JULY 2024 Flnancial Statements The trustees prasent their report along with the finandal statements of the charity for the year ended 31 July 2024. The finanaal statements have been prepared based on the accounting pollcles set out on page 8 and comply with the charitys trust deed and appliixble law, Constitutlon and Objects Manltha Neyam is a voluntary organisatlon reglstered as a charlty havlng a trust deed as Its governlng document. The Trust deed defines the charlty's Objects as belng., To relieve povertyi deprivation and dlstress among chlldren, elderly and disabled people and to render educatlonal services and asslstance to needy students and to relieve sufferlng whether chronlc or acute, by way of emergency aidand/orestabllshing rehabllltatlon Trustees and organisational strurture The trustees who held offlce during the flnanclal yearalld at the date ofthis report are set out on page 2. No trustees received any remuneration or beneflts from the charltydurlngtheyear. Trustees are appolnted by resolutlon passed at the trustees meetlng called under clause K of the governingdocument, The trust deed allows for up to 15 trustees to be appointed. Results, Revlew of the year and Future developments Thè results of the year are set out In the Statement of Fjnandaj Activitias on page 6. The trustees consider that the performance of the charlty this year has been falrly satisfactory. The charlty generated Income of £215,345 in theyear and the total expendlture was£262,819 ofwhlch £243,101 was spent In the provlslon ofcharitable servlce to the needy people. The charity dellvers Its charitable objectlves through grant makin& chiefly uslng their local partner organisatlons In Srl Lanka. The actlvltles currently carrled out by the charlty can be broadly categorised into the following groups of programmes. Ca) Publlc health (b) Humanltarlan emergenLy ald, malnly to the cEvlllans afferted by the war (c) Edut2ttonal seDAces to the needy thlldren (d) Sustalnable development, whlch Includes social Instltutlon development and educatlon and vocational tralnlng, The charlty has to work in dlfficult clrcumstances caused by the instabillty due to the war in the north and eastern part of Sri Lanka. There Is an increased need for resources to deal wlth the urgent relief work to the clvIllans affected by the war and to sustaln the present level of activitles of the charity. Risk management and Reserves policy All significant aLttvIttes undertaken are subjett to a risk revlew as part of the initial proJert assessment and implementation, Major risks are Identlfied and ranked In tenns of their potential impattand likelihood. The trustees reviewthese risk5 on an ongoingbasisandsatisfy themselves that adequate system5 and procedures are In place to manage the risls identified. It is the policy of the charity to maintain funds in reserve equivalent to 3 to 6 montlLS of its operntional budget The Board of trustees has examined the ch￿]￿S reserves requirements in the light of the current situatlon In Srl Lanka and has increased the level of reserves needed to fund any emergency programmes etc In the forthcomlng year. Grant making pollcy The trustees consider grant making an effectlve means of delivering aid uslng local partners, Local partners have access to facillties, expei'tise, staff or other resources, in the field and they may be bettcrplaced to deliver servlces speedily and effectfively. Our grant making policy is reviewed each year to allgn our grants with our prlorities and areas of actlvity for the year. Plans for the futurc The need for our aid seems never ending fmd we plan to continue doing what we can to wist funding varioLlS projects wisely. Approved by the trustees and signed on their behalf by , k /1,,2 Mr. S. Mithiran Chairman Independent Examiner's Report to the Trustees of Manitha Neyam I report on the accounts of the Charity for the year ended 31 July 2024 Respective responsibilities of trustees and examiner. The charity's truste¢s are responsible for the prcparation ofthe accounts, The charity's trustees consider that an audit is not required for this year under section144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examination is needed. It is my responsibilily to: examine the accountb under section 145 of the 201 l Act to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance witli the General Directions given by the Cliarity 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 disclosure5 in the accounts and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and conseqiiently no opinion is given as to whether the accounts present a, tnje and fair view and the report is limited to those matters setout in the statement below. Independent examiiier's statement In connection with my examination, no matter has come to my attention: ( l ) which gives me reasonable cause to believe th4t in any material respect the requirements (a) to keep accounting records in accordance with section 130 of the 201 l Act; and (b) to prepare accounts whiL,h accord with the accounting records and comply with the accounting requirements of the 201 l Act have not been met: or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reaclied. Thirupara Sai Accounting Sc 54 South Park Road Ilford, Essex IGI ISS i. ltsl ISS j411 hGGouniin9 SeNiGes Licl 54 P8rK Road.Iiloid. E:,. T +4410)20 8541 Pth +4410)738fJ611221 5¥113LGle.Gom es Limited MANITHA NEYAM EMEN F FINANCIAL ACT TIES FOR YEAR ENDED 31 ULY 02 GENERAL PROJECT PROJECT TOTAL TOTAL 2023 Incoming resourc6s Donations & Gift ald receipts Tax Clalms 172,210 172,210 159,382 26,962 26,962 Funds Raised 15,750 15,750 16,000 Interest Recelved 423 423 109 TOTAL INCOME 215.345 215,435 175,471 RESOURCES EXPENDED Charftable Expenditure; Donattons and relief 243,101 243,101 75,219 Fundralsing Costs 18,078 18,078 14,241 Bankcharges & Sundry 1,640 1,640 582 TOTAL RESOURCES EXPENDED 262,819 262,819 90,042 Net (outgolng) Incoming resources before transfers. Gross trdnsfer be￿een fijnds <47,474) (47,474) 85,429 Surplus (Deficlt) for the year Reconclllation of Funds (47,474) (47,474) 85,429 Total funds brought forward Total funds carried forward 238,258 238,258 152,829 190,784 190,784 238,258 Note General Fund: This is mainty charftable ald for various welfare programs for th& provision of se￿1￿ to tho elders, handlcaps and in providlng educational services to the needy children. Project One.. An ongolng commitrnent by the trust to the Manikavasagar Illam to provide asslstance for the educational needs and to improve the quality of life of the children under their care. This is now dealt with under General Fund, Pro1￿t ￿0. Funds for various short tem commitments for needy children. This is now dealt with under ihe General Fund. MANITHANEYAM BALANCE SHEET AS AT 31ST JULY 2024 General Project Prolect Total Funds Total Funds 2024 202 Cash at Bankand In H8nd 190,784 190,784 238,258 Sundry DebtorslPrepayments 19 General funds 190,784 190,784 238,258 Approved by the Board of trustees and slgned on their behalf by.. Mr, S.Mithlran Chairman Manitha Neyam NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 I. ACCOUNTING POLICIES Accounting Conventlon The flnancial statements have been prepared on a golng concern underthe historical cost convention and in accordance with appllcable accounting standards and Statement of Recommended Practlce, 'Accountlng and Reporting by Charitles (SORP) Incoming Resources Incoming resources include the total amount of donations and voluntary income receivable in respect of the year. Resources Expended Expenditure is included when incurred. Ch(￿ltable expenditure comprises expenditure directly attributable to the main activitie5 and objects of the charity. Fund Accountlng Funds held by the Charity are: Unrestricted general funds-: these are funds which can be used in ae¢ordance with the charitable objects at the discretion of the Board of Trustees. Deslgnatod funds-. these are funds set aside by the trustees out of unrestricted general funds for specific purposes. Cash Flojv Statement The charity has tak¢n advantage of the exemption in Financial Reporting Standard 102 SORP mom the requirement to produce a cash flow statement.