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← St Patrick's College Jaffna Alumni Association UK

2024-09-30-accounts

Registered Charity No: 1088167

St. Patrick's College, Jaffna Alumni Association UK

Report and Accounts for the year ended 30th September 2024

Page
Charity Profile 2
Trustees Report 3
Accountant's Report 5
Statement of Income & Expenditure 6
Balance Sheet 7
Notes to the Accounts 8

1

St. Patrick's College Jaffna Alumni Association UK

Registered Charity No: 1088167

Registered Address:

19 Old Fields Road Sutton Surrey SM1 2NB United Kingdom

Committee:

Ref
No		 Name Position
1. Mr.Joseph Vethanayagam Louis President
2. Mr.Joseph Rajmohan Vice President
3. Mr. Anton Dylan Constantine Vice President
4. Mr. Marino Rostan Antonipillai Secretary
5. Mr Polinus Jehan Wincesslus Assistant Secretary
6. Mr.Mario Constnatine Treasurer
7. Mr.Justin Imayakanthan Navaratnam
8. Mr. Devasagayam Edwin Gunaratnam Social Secretary
9. Mr.Jude Andrew Assistant Social Secretary
10. Mr.Joseph Constantine Sports Secretary
11. Mr. Terence Deva Rajasooriyar Assistant Sports Secretary
12. Dr. Anton Sandrasagara Committee Members
13. Dr Nicholas Rubakumar Committee Members
14. Mr.Anton WilsonJoseph Committee Members
15. Dr. Nixon Thirumaran Committee Members
16. Mr. Chelva Sabapathy Committee Members
17. Mr. Rajeswaran Vakeesan Committee Members
18. Mr.Rajsaratnam Shahjahan Committee Members
19. Mr Romesh Puvirajasinghe Committee Members
20. Mr Desmond Joseph Committee Members
21. MrJBanujayan Committee Members

Independent Examiner

Somar & Co

Certified Practicing Accountants and Tax Consultants 11 Park Lane Hornchurch Essex RM11 1BB

2

St. Patrick's College Jaffna Alumni Association UK

Registered Charity No: 1088167

REPORT OF THE TRUSTEES FOR THE YEAR 30 September 2024

The trustees, who are also directors of the charity for the purposes of the companies act, submit their annual report and the independently examined financial statements for the year ended 30 September 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in 2014 in preparing the annual report and financial statements for the charity.

Principal Objects of this Charity as stated in the 'Governing Document[1] are:

  1. to advance the education of students attending St Patrick's College (SPC) Jaffna, Sri Lanka (the College) by assisting in the provision of facilities, equipment, premises and other items at the College which would not otherwise be provided out of statutory funds.

  2. to relieve orphaned, physically handicapped and other students in need at the College by the provision of material and financial assistance.

  3. to assist in the provision of facilities at the College for the education, recreation and other leisure-time occupation of the inhabitants of the Peninsular in which the College is located in the interests of social welfare and so that their conditions of life may be improved,"

Review of Activities and future developments

The Statement of Financial Activities for the year is set out on page six of the financial statements.

Trustees' responsibilities

Charity law requires 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 surplus or deficit of the charity for the year. In preparing those financial statements the trustees have:

3

St. Patrick's College Jaffna Alumni Association UK

Registered Charity No: 1088167

Report of the Trustees for the period ended 30 September2024 (continued)

The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with applicable accounting standards and statements of Recommended Practice (SORP) and the regulations of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

The charity complies with relevant laws and regulations.

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:

A strategic plan and annual event budgets approved by the trustees/exco

Regular consideration by the trustees of financial results and variance from budgets.

Delegation of authority and segregation of duties.

Identification and management of risks.

Independent Examiner

A resolution proposing that Somar & Co. be re-appointed as the independent examiner of the Charity will be put to the Annual General Meeting.

This report was approved by the executive committee.

Joseph Vethanayagam Louis

Mario Suji Constantine

Trustee / President

Trustee / Treasurer

4

St. Patrick's College Jaffna Alumni Association UK

Registered Charity No: 1088167

Independent Examiner’s Report to the Trustees of St Patrick’s College Jaffna Alumni Association – UK

I report to the trustees on my examination of the accounts of the above charity for the year ended 30/09/2024 which are set out on pages 6 to 9.

Responsibilities of trustees.

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

Basis of independent examiner's report

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Somar & Co Certified Practicing Accountants and Tax Consultants 11, Park Lane Hornchurch Essex RM11 1BB

Date: 24 March 2025

5

St. Patrick's College Jaffna Alumni Association UK

Registered Charity No: 1088167

Statement of Income & Expenditure

for the year ended 30 September 2024

St. Patrick's College Jaffna Alumni Association UK St. Patrick's College Jaffna Alumni Association UK St. Patrick's College Jaffna Alumni Association UK St. Patrick's College Jaffna Alumni Association UK St. Patrick's College Jaffna Alumni Association UK
Registered CharityNo: 1088167
Statement of Income & Expenditure
for the year ended 30 September 2024
Notes
Restricted
Funds
Un
restricted
Funds
£
£		 30-Sep-24 30-Sep-23
£ £
Incoming Resources
Membership Fees General Members
0
1,062
Membership Fees Life Membership
0
0
Donation - Perpetual Fund
109
0
Donation – Laptop Appeal
0
0
Donation – Student Scholarship
0
0
Donation – Anton Bithday
50
0
Donation – IT Project
1,805
0
Donation – Special Seminar
250
0
Donation - Bishop
0
0
Donation – Other
9
0
3,647
Gift aid tax credit
0
0
Bank Interest Income
10
13,474
915
Sports Gains
0
530
Other Income
0
90
Exchange Gain
2&7
3,416
0
Income from Functions
0
19,965
Total Incoming Resources
19,104
26,209
Resources Expended
Un / Restricted funds paid out
8
3,044
4,526
Accountancy Fees
0
300
Unrealised exchange differences
7
0
0
Admin expenses
0
160
Sports & Welfare
0
2,027
Shipping and other expenses
0
0
Witholding Tax
2,988
0
Expenses for the functions
0
14,570
Total Resources Expended
6,032
21,583		 1,062
0
109
0
0
50
1,805
250
0
3,647
0
14,389
530
90
3,416
19,965		 1,015
300
354
736
20
0
0
0
300
3,792
1,548
11,692
408
45
0
29,978
45,313 50,459
7,570
300
0
160
2,028
0
2,988
14,570		 21,185
300
1,599
160
1,617
807
0
10,981
27,615 36,648
Net Incoming (Outgoing) Resources
13,072
4,626		 17,698 13,811

6

St. Patrick's College Jaffna Alumni Association UK
Registered Charity No: 1088167
BALANCE SHEET
as at 30 September 2024
Notes
NET ASSETS
Accrued Income (Interest)
2
Prepayments & Accruals
3
Bank Deposits
4
Cash at bank
5
ACCUMULATED FUNDS
Unrestricted Funds
Restricted Funds
7
Restricted
Un-
restricted
MOVEMENT OF FUNDS
Balance brought forward as at 1st October
183,207
24,671
Net Incoming/(Outgoing) Resources for the year
13,072
4,626
Balance carried forward as at 30thSep
196,279
29,297		 30-Sep-24 30-Sep-23
£ £
56,273
(900)
84,967
67,540
207,880
24,671
183,207
10,130
(300)
144,630
71,117
225,577
29,297
196,279
225,577 207,880
30-Sep-24 30-Sep-23
194,069
13,811
207,878
17,698
225,577 207,880

7

St. Patrick's College Jaffna Alumni Association UK

Registered Charity No: 1088167

Notes to the accounts

for the year ended 30 September 2024

30-Sep-24 30-Sep-23

1. Accounting Policies

The principal accounting policies are summarised below. The Financial Statements (The Accounts) present a true and fair view and the accounting policies have been applied consistently throughout the period and in the preceding year.

a. Basis of preparation

The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP) and FRS 102 as well as applicable charitable law.

b. Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy.

c. Resources expended.

Expenditure is recognised on an accrual basis as a liability is incurred and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs of an incurred by the charity in the delivery of its activities and those costs of an indirect nature necessary to support them.

d. Going concern

The trustees consider that there are no material uncertainties about the SPC AA UK’s ability to continue as going concern. The charity has sufficient funds to cover its financial commitments and there are no material uncertainties affecting the current year’s accounts.

e. Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are subjected to restricted funds earmarked by the trustees for particular purpose. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the term of an appeal.

8

2.
Accrued Income (Interest)
As at
01/10/23
Interest
for the
Period
Exchange
loss on
opening
balance
£
£
NDB Bank
29,417
(23,671)
706
6,452
29,417
Commercial Bank
26,856
(23,839)
661
3,678
26,856
56,273
(47,510)
1,367
10,130
56,273
3.
Accruals & Prepayments
£
£
Accruals – Independent Examiner
300
900
300
900
4.
Deposits
£
£
Bank of Baroda London
0
383
NDB Bank
71,847
41,287
Commercial Bank
72,783
43,298
144,630
84,967
5.
Cash at Bank
£
£
Barclays Bank Current account
9,852
5,190
Barclays Bank Premium
61,240
62,326
Bank of Ceylon (London)
24
24
71,117
67,540
6.
Membership Fees General Members
Schedules attached separately
Membership Fees Life Membership
Schedules attached separately
7.
Restricted Funds
£
£
Balance
as at
01/10/23
Incoming
Resource
Outgoing
Resources
PPF
2,421
109
0
2,530
2,421
Transfer from Unrestricted
35,841
0
0
35,841
35,841
Technology Lab
300
0
0
300
300
Accrued Interest
56,273
(47,510)
1,367
10,130
56,273
Student Scholarship
1,555
0
0
1,555
1,555
IT Project
1,832
1,805
(2,644)
993
1,832
Special Seminar Donations
0
250
0
250
0
Bishop Donation
300
0
(300)
0
300
Deposits
84,585
57,997
2,049
144,630
84,585
Donation – Anton Birthday Gift
0
50
0
50
0
Mariasoosai Master
100
0
(100)
0
100
183,207
12,701
372
196,279
183,207
Interest
for the
Period
(23,671)
(23,839)
(47,510)
Incoming
Resource
109
0
0
(47,510)
0
1,805
250
0
57,997
50
0		 Exchange
loss on
opening
balance
£
£
706
6,452
29,417
661
3,678
26,856
1,367
10,130
56,273
£
£
300
900
300
900
£
£
0
383
71,847
41,287
72,783
43,298
144,630
84,967
£
£
9,852
5,190
61,240
62,326
24
24
71,117
67,540
Schedules attached separately
Schedules attached separately
£
£
Outgoing
Resources
0
2,530
2,421
0
35,841
35,841
0
300
300
1,367
10,130
56,273
0
1,555
1,555
(2,644)
993
1,832
0
250
0
(300)
0
300
2,049
144,630
84,585
0
50
0
(100)
0
100
183,207 12,701 372
196,279
183,207

9

8.
Restricted/Unrestricted Paid out
Remitted to School
Master Memorial
English Project
Website
Donation-Bishop
9.
Other Donation
Mariasoosai Master
Other Donation
General Donation
Amazon Smiles Donation
Sports Donation
10.Interest Income
Restricted
Unrestricted		 Restricted
2,644
100
0
0
300
3,044
Restricted
0
0
0
0
0		 Un
restricted
£
£
3,846
6,490
20,189
0
100
0
0
0
0
680
680
0
0
300
996
4,526
7,570
21,185
Un
restricted
£
£
0
0
100
100
100
0
2,247
2,247
2,568
0
0
12
1,300
1,3000
1,113
0 3,647
3,647
3,792
£
£
13,474
11,616
915
346
14,389
11,962

10