**Company registration number: 1087011** **Tamil Association of Brent Company limited by guarantee** **Unaudited financial statements** **31 March 2022** ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** ||**Contents**|| |---|---|---| |||**Page**| |Trustees and other information||**1**| |Trustees report||**2**| |Accountants report||**3**| |Statement of income and retained earnings||**4**| |Statement of financial position||**5 - 6**| |Notes to the financial statements||**7 - 10**| ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** ## **Trustees and other information (continued)** **Trustees** Mr Arulampalam Dhanapalan Mr Jeganmohan Subramaniyam Mrs Kamala Mahenthiran Ms Sumathy Tharmendra (Resigned 30 October 2021) Mr Kanthan Thevarajah Mrs Pathma Thavagnanam Mr Namasivayam Uruthireswaran Mrs Kavitha Devnath (Appointed 30 October 2021) **Company number** 1087011 **Registered office** 133 Aboyne Road Neasden London NW10 0EY **Accountants** Amey Kamp LLP Chartered Accountants 310 Harrow Road Wembley Middlesex HA9 6LL **Bankers** HSBC Bank Plc Lloyds Bank Plc Nationwide Building Society **Page 1** ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** ## **Trustees report Year ended 31 March 2022** The trustees presentI report and the unaudited financial statements of the company for the year ended 31 March 2022. ## **Trustees** The Trustees who served the company during the year were as follows: Mr Arulampalam Dhanapalan Mr Jeganmohan Subramaniyam Mrs Kamala Mahenthiran Ms Sumathy Tharmendra (Resigned 30 October 2021) Mr Kanthan Thevarajah Mrs Pathma Thavagnanam Mr Namasivayam Uruthireswaran Mrs Kavitha Devnath (Appointed 29 October 2021) ## **Small company provisions** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. This report was approved by the board of trustees on 19 October 2022. and signed on behalf of the board by: ___________________ Mrs Pathma Thavagnanam Trustee **Page 2** ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** ## **Chartered accountants report to the board of trustees on the preparation of the unaudited statutory financial statements of Tamil Association of Brent Year ended 31 March 2022** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tamil Association of Brent for the year ended 31 March 2022 which comprise the statement of income and retained earnings, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/. This report is made solely to the trustees of Tamil Association of Brent, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Tamil Association of Brent and state those matters that we have agreed to state to the board of directors of Tamil Association of Brent as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tamil Association of Brent and its board of trustees as a body for our work or for this It is your duty to ensure that Tamil Association of Brent has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tamil Association of Brent. You consider that Tamil Association of Brent is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Tamil Association of Brent. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. ___________________ Amey Kamp LLP Chartered Accountants 310 Harrow Road Wembley Middlesex HA9 6LL 19 October 2022 **Page 3** ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** ## **Statement of income and retained earnings Year ended 31 March 2022** |**Note**
**Turnover**
Cost of sales
Administrative expenses
Other operating income
**Operating profit**
Other interest receivable and similar income
**Profit before taxation**
**5**
Tax on profit
**Profit for the financial year and total**
**comprehensive income**
**Retained earnings at the start of the year**
**Retained earnings at the end of the year**|**2022**
**£**
23,794
-
)
(29,746
10,811
4,859
90
4,949
-
4,949
182,977
187,926|2021
£
10,371
-
)
(9,280
8,256
9,347
17
9,364
-
9,364
173,613
182,977| |---|---|---| All the activities of the company are from continuing operations. **The notes on pages 7 to 10 form part of these financial statements.** **Page 4** ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** **Statement of financial position 31 March 2022** |**Note**
**Fixed assets**
Tangible assets
**6**
**Current assets**
Debtors
**7**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**8**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital and reserves**
Profit and loss account
**Members funds**|**2022**
**£**
**£**
137,500
137,500
1,444
51,508
52,952
)
(2,526
50,426
187,926
187,926
187,926
187,926|2021
£
£
137,014
137,014
1,997
46,336
48,333
)
(2,370
45,963
182,977
182,977
182,977
182,977|2021
£
£
137,014
137,014
1,997
46,336
48,333
)
(2,370
45,963
182,977
182,977
182,977
182,977| |---|---|---|---| ||||182,977| ||||182,977| ||||182,977| ||||182,977| For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## Trustees responsibilities: - The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; - The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. ## **The notes on pages 7 to 10 form part of these financial statements.** **Page 5** ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** ## **Statement of financial position (continued) 31 March 2022** These financial statements were approved by the board of trustees and authorised for issue on 19 October 2022 and are si **g** ned on behalf of the board by: ___________________ Mrs Pathma Thavagnanam Trustee Company registration number: 1087011 **The notes on pages 7 to 10 form part of these financial statements.** **Page 6** ������������������������������������� ������������ **Tamil Association of Brent Company limited by guarantee** **Notes to the financial statements Year ended 31 March 2022** ## **1. General information** The company is a private company limited by guarantee, registered in England. The address of the registered office is 133 Aboyne Road, Neasden, London, NW10 0EY. ## **2. Statement of compliance** These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. ## **Taxation** The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. ## **Operating leases** Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. **Page 7** ������������������������������������� ������������ ## **Tamil Association of Brent Company limited by guarantee** ## **Notes to the financial statements (continued) Year ended 31 March 2022** ## **Tangible assets** Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. ## **Depreciation** Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: - Freehold property no depreciation Fittings fixtures and equipment - 25% reducing balance If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. ## **Investment property** Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. ## **Impairment** A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. ## **Government grants** Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity. **Page 8** ������������������������������������� ������������� ## **Tamil Association of Brent Company limited by guarantee** ## **Notes to the financial statements (continued) Year ended 31 March 2022** ## **Financial instruments** The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. ## **4. Limited by guarantee** If the company is wound up, the liability of the members is limited to an amount not exceeding £10 per member. **Page 9** ������������������������������������� ������������� ## **Tamil Association of Brent Company limited by guarantee** ## **Notes to the financial statements (continued) Year ended 31 March 2022** ## **5. Profit before taxation** |Profit before taxation is stated after charging/(crediting):
**2022**
**£**
Depreciation of tangible assets
482
**6.**
**Tangible assets**
Freehold
property
Fixtures,
fittings and
equipment
£
£
**Cost**
At 1 April 2021
136,051
3,428
Additions
-
968
**At 31 March 2022**
136,051
4,396
**Depreciation**
At 1 April 2021
-
2,465
Charge for the year
-
482
**At 31 March 2022**
-
2,947
**Carrying amount**
**At 31 March 2022**
136,051
1,449
At 31 March 2021
136,051
963
The trustees fair value the property at each year end.
**7.**
**Debtors**
**2022**
**£**
Other debtors
1,444
**8.**
**Creditors: amounts falling due within one year**
**2022**
**£**
Other creditors
2,526|2021
£
170
**Total**
**£**
139,479
968| |---|---| ||140,447| ||2,465
482| ||2,947| ||137,500| ||137,014| ||2021
£
1,997
2021
£
2,370| **Page 10** ������������������������������������� ������������� ## **Tamil Association of Brent Company limited by guarantee** ## **The following pages do not form part of the statutory accounts.** ������������������������������������� ������������� ## **Tamil Association of Brent Company limited by guarantee** ## **Detailed income statement Year ended 31 March 2022** |**Turnover**
Tamil school
Membership & donation
Health activities
Sports day
Youth activities
Services
**Gross profit**
**Gross profit percentage**
**Overheads**
Administrative expenses
**Other operating income**
Grant received
HMRC Charites received
**Operating profit**
**Operating profit percentage**
Other interest receivable and similar income
**Profit before taxation**|**2022**
**£**
6,583
7,160
1,885
747
7,404
15
23,794
23,794
%
100.0
)
(29,746
)
(29,746
10,811
-
10,811
4,859
%
20.4
90
4,949|2021
£
5,205
3,441
810
-
900
15
10,371
10,371
%
100.0
)
(9,280
)
(9,280
2,479
5,777
8,256
9,347
%
90.1
17
9,364| |---|---|---| ������������������������������������� ������������� ## **Tamil Association of Brent Company limited by guarantee** ## **Detailed income statement (continued) Year ended 31 March 2022** |**Overheads**
**Administrative expenses**
Association administration expenses
Tamil school expenses
Insurance
Youth activities
Navaratri
Christmas Party Expenses
Accountancy fees
General expenses
Charitable donations - other
Depreciation of tangible assets|**2022**
**£**
)
(851
)
(8,294
)
(842
)
(11,092
)
(240
)
(1,498
)
(360
)
(117
)
(5,970
)
(482
)
(29,746|2021
£
)
(54
)
(5,879
)
(249
)
(945
-
-
)
(360
)
(178
)
(1,445
)
(170
)
(9,280| |---|---|---| ������������������������������������� ������������� ## **Signature Certificate** Reference number: FANRA-JSIXK-YFV2M-DRZEG ## **Signer** ## **Timestamp** ## **Signature** ## **Nikhil Patel** Email: nikhil@ameykamp.co.uk Sent: 19 Oct 2022 19:06:15 UTC Viewed: 20 Oct 2022 08:59:35 UTC Signed: 20 Oct 2022 08:59:57 UTC **Recipient Verification:** ✔Email verified 20 Oct 2022 08:59:35 UTC IP address: 80.252.68.188 Location: London, United Kingdom ## **Pathma Thavagnanam** Email: pathma@btinternet.com Sent: 19 Oct 2022 19:06:15 UTC Viewed: 20 Oct 2022 10:59:22 UTC Signed: 20 Oct 2022 11:01:36 UTC ## **Recipient Verification:** ✔Email verified 20 Oct 2022 10:59:22 UTC IP address: 5.80.129.67 Location: Harrow, United Kingdom Document completed by all parties on: 20 Oct 2022 11:01:36 UTC Page 1 of 1 ## **Signed with PandaDoc** PandaDoc is a document workflow and certified eSignature solution trusted by 30,000+ companies worldwide.