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 pro￿5￿n5 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 pU￿￿e 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 $8rved Ihroughout the year. The btsard has the power lo appoint additional Iru81808 a8 tt considers rrt to do so. Organlsatlonal structure The charity is organised so that the Iruslees consult each other regularfy to hdp manage charitys affairs. Wld•r nots¥ork At present company does not consider itsdf part of a ￿￿er nelwork. Rlsk management The trustees identfy the major r￿kS to which the Charty Is exposed lo each ffnanelal year when preparlng and updating a strategle plan, in partlcular, those areas relalgd lo th8 operations and finances of Ihe Charily. The Trusl8es then revlew any major risks which have be8n identified and e5tabllsh systems lo mitigate those risks. The Trustees continue to put In pLgce appropriate intemal controls and monStorSng procedures io mSnSmise finanaal risks. The Dewan Foundatlon Llmlted Raport of the Trustoos for tha Year Ended 31 March 2023 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 04269631 (England and Wales) Regl8lered Charlty number 1089888 Reglslered office 28 Church Road Slanmore Mtddlesex HA7 4XR Trustees MrR Dewan Ms S D6wan Mrs Z. Dewan MrN Dewan Company Secretary Mrsz. Dewan Indep8ndèrtt Examln6r Parker Cavendish Chartered Accountants 28 Church Road st8nmore Middlesex HA7 4XR Solleltors P8nningtons Manchas LLP 125 Wood Street London EC2V 7AW Bankers Lloyds TS8 Bank Ple Tower Brldge Road Bemiondsey BrBnch 67 Tower 8ridge Road London SE14TN This report has been prepared in accordanee wth the speual prO￿S1onS of Part 15 of the Companles Act 2006 relatlng to small companles. Approved by order of the board of trustees on 18 December 2023 and slgned on Its behaK by.. Mr R D8wan- Trust8e Independ8nt Examlnerfs Report to the Trustees of The D8wan Foundatlon LlmSted Indep8ndènt examIne￿$ report to the trust88s of Tha D8w8n Foundatlon Llmlted I'the Company'l I report lo thg charily trustees on my examination of the a￿u￿t8 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 aC￿nIS 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