REGISTERED COMPANY NUMBER: 04269631 IEngland and Wales) REGISTERED CHARITY NUMBER: 1089688 Report of the Trustaè5 and Flnanclal Statèments for the Year End•d 31 March 2023 for The Dewan Foundatlon Limited Park8r C8ver)dish Chart¢rgd Accountants 28 Church Road Stanmore Mlddl8S8X HA7 4XR
The Dewan Foundation Limited Cont8nts of the Financial Stat8mgrEts forthe Year Ended 31 March 2023 Page Raport of thè Trustèès Independent Examinerfs Report statement of Flnan¢lal Artlvlt18S Balance Sheet Notes to the Flnan¢lal Statements 6 10 10 Detalled Statement of Financial Activities
The Dèwan Foundatlon Limited Report of the Trustees for the Year Ended 31 March 2023 The trustees who are also dSreclors of the chartty for the purposes of the Companies Act 2006, present Ih8lr report wllh the finanaal stalem8nls of the charity lor the year ended 31 March 2023. The Iruslees hav8 adopted the pro5n5 of Accounting and Reportino by Charlties.. Statement of Recommended Pracllcg applicabl8 to charftles prepar5ng thelr accounts In accord•n¢g wlth the Flnanclal ReportSng Slandard applicable in the UK and R8pvblic ol Ireland IFRS 102} leffeclive 1 J8nuary 20191. OBJECMVES AND ACTIVITIES Objectives and aim5 The charity is constlluted 8s È company Ilmlted by guarantee, and Is therefore govemed by 8 Mèmorandum and Article ol Associallon. The charitys obj9ctiv8 and prfnclpal acbwty continues to be that of funding social work. Significant aetlvltles The Irusle&s contlnued the charSVs objective and prfncipal activity of funding soci81 work by way of grants and donations io various organisat1ons. Publlc henaflt The charity Is 8 pUe benefflt entity. The trustees have complied wth th8 duty In secllon 4 of the 2011 Charities Act io have due regard to guldance published by the Charity Commisslon, Includlng public benefit guldance. The charity has achieved its primary public benefit objectives by rnaking donations to various charilies and fund1ng ol social work. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles Th8 trustees consider that the perfomance c>f the charity this year has been satisf8etory. Donations to charitable organisallons In the year amounted to £ 356,376.. Invèstment performance Th8 trustees are CLJrrently satisfied with the inveslrnenl performance ¢rfth8 asset5. Internal and external factors The trustees have made a full assessrnenl of the inlomal and extem81 factors Ihal may affect these finanaal slalements and do not deem any factors material enough to have all impacL FINANCIAL REVIEW Prlnclpal funding sources The principal funding sources wero a51 eitherthe trustees ortrom companies related by common control. FUTURE PLANS It continues to be the board'8 Illtonuon to preseNe companys resources to ensure that Ik)nalions can be malnlalntsd al ac(*ptabk8 levels in future yegrs. The Irus188s b81ieve that thls pollcy w511 ensure that the company wryll have suffici8nl funds in the lulure to fulfil any oblu81ion lo whlch It is committed. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The charity is controlled by ils governlng document. B deed ol trust, and constitutes a Ilrni18d company, Ilrnltèd by guarantee, as defined by lh8 Companies Act 2006. Recrnitment and appolntment of new trustees All directors of Ihg company are also tnjslees ol the charity, and there are no other trust88s. All of the trustee5 named above $8rved Ihroughout the year. The btsard has the power lo appoint additional Iru81808 a8 tt considers rrt to do so. Organlsatlonal structure The charity is organised so that the Iruslees consult each other regularfy to hdp manage charitys affairs. Wld•r nots¥ork At present company does not consider itsdf part of a er nelwork. Rlsk management The trustees identfy the major rkS to which the Charty Is exposed lo each ffnanelal year when preparlng and updating a strategle plan, in partlcular, those areas relalgd lo th8 operations and finances of Ihe Charily. The Trusl8es then revlew any major risks which have be8n identified and e5tabllsh systems lo mitigate those risks. The Trustees continue to put In pLgce appropriate intemal controls and monStorSng procedures io mSnSmise finanaal risks.
The Dewan Foundatlon Llmlted Raport of the Trustoos for tha Year Ended 31 March 2023 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 04269631 (England and Wales) Regl8lered Charlty number 1089888 Reglslered office 28 Church Road Slanmore Mtddlesex HA7 4XR Trustees MrR Dewan Ms S D6wan Mrs Z. Dewan MrN Dewan Company Secretary Mrsz. Dewan Indep8ndèrtt Examln6r Parker Cavendish Chartered Accountants 28 Church Road st8nmore Middlesex HA7 4XR Solleltors P8nningtons Manchas LLP 125 Wood Street London EC2V 7AW Bankers Lloyds TS8 Bank Ple Tower Brldge Road Bemiondsey BrBnch 67 Tower 8ridge Road London SE14TN This report has been prepared in accordanee wth the speual prOS1onS of Part 15 of the Companles Act 2006 relatlng to small companles. Approved by order of the board of trustees on 18 December 2023 and slgned on Its behaK by.. Mr R D8wan- Trust8e
Independ8nt Examlnerfs Report to the Trustees of The D8wan Foundatlon LlmSted Indep8ndènt examIne$ report to the trust88s of Tha D8w8n Foundatlon Llmlted I'the Company'l I report lo thg charily trustees on my examination of the aut8 of th8 Cotnpany for the year ended 31 March 2023. ResponsSbllltles and bas18 of report As Ihe chariltys trustees of the Cornpany land also its diiectots for the purposes ol company lawl yoy are resFK)nsible for the preparation of the aCnIS in acwrdance wth the requlremenls of the Companies Act 20061'lhe 2006 Act'i. Havlng sallsfled myself that th8 9ceA)unl8 of the Company are not required lo be audited ynd8r Part 16 of the 2006 Aot and 8re eligibte for independent examination. I report in r&specl of my examination of your charitys ac¢ouNIs as carfed out undèr Seetion fj45 of Ihe Charities Act 2011 1'th8 2011 Aet'l. In carrying out rny examination I hav8 followed the Dlrections given by the Charity Commisslon under Seetlon 145{51 Ibl ol the 2011 Act. Indepgndgnt examiner's stat8m8nt I have completed my examination. I cnnfirm that no matters have come to my atl8nlioN in wnne¢tion wth tho examination giving m8 cause to b81i8V8'. accounting rec<Yds w8r8 not kèpt In respect of Ihe Company as required by Section 386 of thé 2006 Act,. or the accounts do not accord with those records.. or the accounts do not (x)mply vAth the accounting requirements of Seotlon 396 of the 2006 Act other than any requirement th81 the accounts glv6 a true and fair Mew which is nat a maller consldered as part of an independent 8xarnin8tion', or the accounts hav8 not been prepared In arLordance wlth the meth(5 and princlp16s of the Statement of Recommended Practice for aecounlino and reporting by charities lappllcable to charitles preparing their accounts in accord8nce with the Flnandal Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 10211. I have rK) concem8 and havè come across no other matters in conngclion with th8 Èxamlnatlon lo which attention should be drawn In this report In order to enable a proper understanding of the aceounts to be reached. Maroo Gazza FCCA Padier Cavendish Chartered Accountants 28 Church Road Stanmore Middlesex HA74XR 18 December 2023
Th8 Dewan Foundation Llmited Statement of Flnan¢ial Activities for the Year Ended 31 March 2023 2023 Unrestricted fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and18gari8S 126,850 187,200 Net Investment incixne 13,688 49,408 Total 140,538 236,608 EXPENDITURE ON Charltable activities Goverllan casts Donations 3,657 356,376 2,969 1,009,983 Total 360,033 1.012,952 NET INCOMEI{EXPENDITUREI 1219,4951 1776,3441 RECONCILIATION OF FUNDS Toial funds brought forward 7,564,920 8,341,264 TOTAL FUNDS CARRIED FORWARD 7,345,425 7,564,920 The notss form pgrt of these financi81 statements
The Dewan Foundatlon Llmlted Balance Sheet 31 March 2023 2023 Unrestricted fund 2022 Total funds Notes FIXED ASSETS Investments Invostments Inv8Strn8nt pmpèrty 5,850 5,064,737 5,850 4.841,123 5,070.587 4,846.973 CURRENT AssErs Debtors Cgsh 8t bank 2.602,242 180,722 2,723,586 95,368 2,782.964 2,818,954 CREDITORS Amaunts falliTVJ due thIn one yehr 1508,1261 1101,0071 NET CURRENT ASSETS 2,274,838 2.717.947 TOTAL ASSETS LESS CURRENT LIABILITIES 7,345,425 7,564,920 NET ASSErs 7,345,425 7,564,920 FUNDS Unroslrfcted funds 7,345,425 7,564,920 TOTAL FUNDS 7,345,425 7,564,920 The charilabb Company is gnlilled 10 8XaMpOn from audll undar S6Ctlon 477 of thè Companies Act 2006 lor the yaar ended 31 March 2023. The members have nol roqulred the company to obtaln an aud51 of its financlal statements for the year ended 31 March 2023 In accordance wlth Section 476 of the Companles Act 2006. The trust88s 8cknowledge Iheir responslbililles for 18} enSUng that th8 chafilable company keeps accounting records that cK)mply wilh Sectlons 386 and 387 of the CotnpanSes Act 2006 and preparing financlal statements which glve a true and fair wew ol the slate ol affairs ol the charitable company as at the end of each Ilnancial year and ol its surplus or defic51 lor each financial year in accordance with the requirements ol Seotions 394 and 395 and which otherwise comply with the requirements of Ihe Cornpani88 Act 2006 relating to finencial slalemenls, so far as appllcable to Ihe charitable cornpany. Ib) These fin2neial slalements have been prepared In accordance with the provlslons appllcable to charitabb ¢omp8nlo8 sublecl to the small companies regime. Tha financial slalements were approved by thg Board ol TTus1888 and authoris8d for issu8 on 18 D8c8mb8r 2023 and were signed on ils behalf by.. R Dewan - TnJ51e8 Th8 notes form part of these financlal statements
The Dewan Foundatlon Llmlted Notes to th8 Flnanelal Statements for th6 Y6Ar Ended 31 March 2023 ACCOUNTING POLICIES Basls of preparfng th8 financlal stai8ments The llnancial statements ol th8 ¢h8ritabl8 company, which is a public benefit entity under FRS 102. have been prepared in accordance with the Charfli8s SORP IFRS 1021 'AceounlSng and Reportlng by Charllies.. Statement of Recommended Practice applicabl8 to ch8riti88 preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and R8public ol Ireland IFRS 102) leffeclive 1 January 20191,, Finaneial R&pOrng Standard 102 'The Financial Reporting S18ndard applitrAble In tha UK and Republic of Iroland, and the Companies Act 2006. The finan81 statements have been prepared under the historical cost convention, with the exptIOn ol investments whlrh are included al market value. The Charity constilules a publi¢ beneffil entity as defined by FRS 102. The truslees consid8r that there are no m8terfal uncertainties about Ihe Charitys abllity to conllnue as a golng concern. Income All income is re(x)gni8ed in the Statement of Financial ActivitSes On the charity has enlillemenl lo th8 funds, 11 Is probable that the income wll b8 received and the amwnt Gan be measured reliably. Expendltur8 Liabilities are recognis8d a5 expendlture as soon as Ihere is a legal or ¢onslru¢live obligation cornmltting the charily to that expenditure, It1s probable that a transfer of economic beneflts will be required In s8tt18m8nt and the amount of th8 obligation CAn b6 measured reliably. Expenditure is accounted for on an accru81s basis and has been classlfied under headings that aggregate all cost related to the category. Wh6r8 costs carinot be dlrectly attribut8d lo partlcular headings they have been allocated to activities on a basis consislÈnl wlth the use of rgsourc8S. Invastment property Investment prop8ty is shown at most recent valuation. Any aggregate surplus or deficit arislng from thanges in fair value is T8cngnlsèd In the Statement of Financial Actlvities. Taxatlon The charity Is exempt from c0rwral)n tax on its charilaNg actfvllies. Fund accountlng Unrestricted funds can be used in accordance With th8 charitable obl8CtIv8s al the dlscretlon of the trustees. Restricted funds can only be used for partl¢ular r8strlct6d puwoses thIn the oblects of the charlty. Reslrfdlons arise when specifled by the donor orwhen funds are raised for particular r8slricled purposes. Further explanal'on ol the nalure and purpos8 of each fund Is Included In Iha notes to the finandal statements, Current assets and cr8ditors Debtors are recognlsed when the Charity l$19gally èntltled lo the Ineome after any performance conditions hav8 been met, the amount ¢an be reliably measured and it is probable that the income will be leIved. Cash al bank and in hand includes cash and short tem deposits. Creditors are recognised when Ihe Charlty has a present legal or constructive obligation arising from 8 past event to make payment to a thlrd party. it is probable that settlement wll be required and tho amount due lo 8etNe the obllgatlon can b8 measured or estimated reliably. continued...
The D8wan Foundation Limlted Not85 to th8 Flnanclal Statements- continued for tha Year Ended 31 March 2023 NET INVESTMENT INCOME 2023 2022 Rents and prop8rty Sncoma Deposit account interèst 13,673 15 48,804 604 13,688 49.408 TRUSTEES, REMUNERATION AND BENEFITS There we¥a no trust8es' remun8r81ion or other benefits for the year end8d 31 2023 nor for the year ended 31 March 2022. Trustees. 8xpenses There were no 31 March 2022. Iru8tees' expanses pald for the year endgd 31 Maich 2023 nor for the year ended COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legades 187,200 Nel Inveslmenl income 49,408 Total 236,608 EXPENDrruRE ON Charitable actlvltles Goverllance Costs Donations 2,969 1.009.983 Total 1,012,952 NET INCOMEIIEXPENDrruREI 1776,3441 RECONCILIATION OF FUNDS Total funds brought fotward 8,341.264 TOTAL FUNDS CARRIED FORWARD 7,564,920 FIXED ASSET INVESTMENTS Listed investrn8nts Unlisted Investments Totals MARKET VALUE Al 1 April 2022 and 31 March 2023 5,750 100 5,850 NET BOOK VALUE Al 31 March 2023 5,750 100 5,850 Al 31 Mah 2022 5,750 5,850 There wero no Investment assets oulslde the UK. continued...
The Dewan Foundation Limited Notes to the Flnan¢lal Statements . continued for the Year Ended 31 March 2023 INVESTMENT PROPERTY FAIR VALUE At 1 AprS12022 Additknns 4,841,123 223.614 Al 31 March 2023 5,064,737 NET BOOKVALUE At 31 March 2023 5,064.737 At 31 March 2022 4,841,123 The investment proporties have been valued by Ihe trustees and the tsusle8s conskjgr the maTkel value of above properties remain the same as th6 orfginal cost. DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR 2023 2022 Other d8blors VAT 2,602,242 2,704,242 19.344 2,602,242 2.723,586 CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 VAT Other creditors AccTued 8xp&n588 920 426,199 81,007 101,(X)7 508,126 101,(KJ7 MOVEMENT IN FUNDS Nel rnovemgnl in funds AL 31.3.23 Al 1,4.22 Unrestrlct8d funds General fund 7,564,920 1219,4951 7.345,425 TOTAL FUNDS 7,564,920 1219,4951 7,345,425 Net movem6hl in funds, Included In Ihe above are as follows.. Incorllino resources Resources exp8nded Movement funds Unrestrfcted funds General fund 140,538 1360.0331 1219,4951 TOTAL FUNDS 140,538 1360,0331 1219,4951 oonllnu8d...
The Dewan Foundation Limited Noles to th8 Flnanclal St*lom•nts- ¢ontlnu6d forthe Year Endad 31 March 2023 MOVEMENT IN FUNDS-contlnued Comparatlves for movement in fund$ Net movement in funds At 31.3.22 Al 1.4.2fj Unrestrlcted funds General fund 8,341,264 (776,3441 7,564,920 TOTAL FUNDS 8,341,264 1776,3441 7,564,920 Comparative nel movemenl in fvnds, indudad in the above are as follows.. Incoming resources ReSoUrS expended Movement n funds Unrestricted funds General lund 236.608 11,012,952) 1776,344) TOTAL FUNDS 236,608 {1,012,9521 1776,3441 A rrent y88r 12 m(kn¢hs and prloryear 12 monlhs combSned posltion Is as follows.. Nel movement in funds Al 31.3.23 At 1.4.21 Unrastrlcled funds General fund 8,341,264 1995,8391 7,345.425 TOTAL FUNDS 8,341,264 1995,8391 7,345,425 A currenl yaar 12 months and txlor year 12 months combingd n81 rnovemènt In funds. Included In Ihe above are 85 follows.. Incotning resources Resources expended Movement In funds Unrestricted funds General fund 377.146 11,372,985) 1995,8391 TOTAL FUNDS 377,146 (1,372,985) 1995,8391 contlnued...
The Dewan Foundation Limited Not85 to th8 Financial Slatoments contlnued for tho Yèar Endèd 31 March 2023 10. RELATED PARTY DISCLOSURES Un[ 2013 The Dèwan Foundation Llrniled recebved all 11s donatlons from either Ihe trustees or from eompanles related by common control. From April 2013 The Dewan FoLJndatlon Limited started to acp1 donatlons from the public.To date £113.515 has been recewed from pjblic donatlons.. Duiing the year, the tharfty recelved a donatlon of £126.850 from tha compaT)les controlled by the truste69. 11. OTHER RESOURCES EXPENDED-DONATIONS The maln donations are paid io the following d)arilies'. Alzheimevs Society Unique NSPCC Canr Researoh Center of SeSf Managed Learnlno Brighter Future developmentl Trust DM Thomas Foundation lor Y(xJng People Sl Luke Hospi Macmillan Canr M S Society Harrow Food Bank Mlnd Donation L8nnox Children s Cancer Fund S8nlhlvardhan8 Ministries Imperial Colleg Pragli, Koraput Near Reel Printers Proslat8 Cancer Dlabetes UK Sunnyd8ys Childrèns Fund Moorfeld Ey8 Hostxtsl Bamardo's Rotary Club of Rushmoor 10
The Dewan Foundatlon Limited Detslled Stat8m8nt of Flnanclal Activities for the Year Ended 31 March 2023 2023 2022 INCOME AND ENDOWMENTS Donatlons and legacies Donations 126,850 187,2 Nel Investment income . Rents an(f property income Depo8118ccounl Interest 43,673 15 48,804 604 13.688 49,408 Total incoming resources 140,538 236,608 EXPENDITURE haritable activities tlon8tions 356,376 1,009,983 Support costs Gov8manc8 COSt$ Sundries Accountancy and legal fe88 Bank charge5 908 2,359 390 582 1,800 587 3.657 2,969 Total r650ur¢03 gxpended 360,033 1.012.952 Nèt expendlture 1219,4951 1776,3441 Thls page does not form part of the statutory finandal statements