2022-01-31-accounts - Tamil Aid Limited

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Tamil Aid Limited

Charity No. 1108660

Company No. 05347137

Trustees' Report and Unaudited Accounts

31 January 2022

Tamil Aid Limited Contents

	Pages
Trustees' Annual Report	2
Independent Examiner's Report	3
Statement of Financial Activities	4
Summary Income and Expenditure Account	5
Balance Sheet	6
Statement of Cash flows	7
Notes to the Accounts	8 to 11
Detailed Statement of Financial Activities	12

Page 1

Tamil Aid Limited Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 January 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 05347137

Charity No. 1108660

Registered Office

1 Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Ayyakkannu Desigar Somasundaram Chithra Somasundaram Shanthakumar Vigneswaralingam Sharvanandan Arnold

Accountants

Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford

Essex IG6 2LD

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Shanthakumar Vigneswaralingam

Trustee

10 October 2022

Page 2

Tamil Aid Limited Independent Examiners Report

Independent Examiner's Report to the trustees of Tamil Aid Limited

I report to the charity trustees on my examination of the financial statements of Tamil Aid Limited for the year ended 31 January 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).

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 financial statements to be reached.

Mr Pathmanathan Valluvar

FCCA Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford

Essex IG6 2LD 10 October 2022

Page 3

Tamil Aid Limited

Statement of Financial Activities

for the year ended 31 January 2022

Unrestricted funds 2022 £ 134,928	Total funds 2022 £ 134,928	Total funds 2021 £ 169,725
134,928 104,701 378	134,928 104,701 378	169,725 148,458 344
105,079 -	105,079 -	148,802 -
29,849 -	29,849 -	20,923 -
29,849	29,849	20,923
29,849 51,090	29,849 51,090	20,923 30,167
80,939	80,939	51,090

Page 4

Tamil Aid Limited Summary Income and Expenditure Account

for the year ended 31 January 2022

Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year	2022 £ 134,928 134,928 105,079 105,079 29,849 29,849	2021 £ 169,725
		169,725
		148,802
		148,802
		20,923
		20,923

Page 5

Tamil Aid Limited

Balance Sheet

at 31 January 2022

at 31 January 2022 Tamil Aid Limited Balance Sheet
Company No. 05347137 Notes 2022 £ Current assets Cash at bank and in hand 80,939 80,939 Net current assets 80,939 Total assets less current liabilities 80,939 Net assets excluding pension asset or liability 80,939 Total net assets 80,939 The funds of the charity Restricted funds 7 Unrestricted funds 7 General funds 80,939 80,939 Reserves 7 Total funds 80,939	2021 £ 51,090
	51,090
	51,090 51,090
	51,090
	51,090
	51,090
	51,090
	51,090

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 January 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 10 October 2022

And signed on its behalf by:

Shanthakumar Vigneswaralingam

Trustee

10 October 2022

Page 6

Tamil Aid Limited Statement of Cash flows

for the year ended 31 January 2022

Cash flows from operating activities Net income per Statement of Financial Activities Net cash provided by operating activities Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2022 £ 29,849 29,849 - - 29,849 51,090 80,939 80,939 80,939	2021 £ 20,924
		20,924
		-

		-

		20,924
		30,166
		51,090

		51,090

		51,090

Page 7

Tamil Aid Limited Notes to the Accounts

for the year ended 31 January 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

Tamil Aid Limited Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 9

Tamil Aid Limited

Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Tamil Aid Building Blocks Kick Start Gift Aid 5 Expenditure on charitable activities Expenditure on charitable activities Grants to Institutions Governance costs	Unrestricted £ 101,831 - 3,484 29,613 134,928 Unrestricted £ 104,701 104,701	Unrestricted funds 2021 £ 169,725 169,725 148,458 344 148,802 20,923 20,923 20,923 30,167 51,090 Total 2022 £ 101,831 - 3,484 29,613 134,928 Total 2022 £ 104,701 104,701	Total funds 2021 £ 169,725
			169,725 148,458 344
			148,802
			20,923
			20,923
			20,923 30,167
			51,090
			Total 2021 £ 148,490 4,560 1,350 15,325
			169,725
			Total 2021 £ 148,458
			148,458

Page 10

Tamil Aid Limited

Notes to the Accounts

6 Other expenditure

Unrestricted £ 378 378 Incoming resources (including other gains/losses ) £ 134,928 134,928 At 1 February 2021 £	Total 2022 £ 378 378 Resources expended £ (105,079) (105,079) Unrestricted funds £ 80,939 80,939 Cash flows £	Total 2021 £ 344
		344
		At 31 January 2022 £ 80,939
		80,939
		Total £ 80,939
		80,939
		At 31 January 2022 £
51,090	29,849	80,939
51,090 51,090	29,849 29,849	80,939
		80,939

Page 11

Tamil Aid Limited

Detailed Statement of Financial Activities

for the year ended 31 January 2022

Income and endowments from: Donations and legacies Tamil Aid Building Blocks Kick Start Gift Aid Total income and endowments Expenditure on: Charitable activities Grants to Institutions Total of expenditure on charitable activities General administrative costs, including depreciation and amortisation Bank charges Subscriptions Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds 2022 £ 101,831 - 3,484 29,613 134,928 134,928 104,701 104,701 104,701 308 70 378 378 105,079 - 29,849 29,849 - 29,849 51,090 80,939	Total funds 2022 £ 101,831 - 3,484 29,613 134,928 134,928 104,701 104,701 104,701 308 70 378 378 105,079 - 29,849 29,849 - 29,849 51,090 80,939	Total funds 2021 £ 148,490 4,560 1,350 15,325
			169,725
			169,725 148,458
			148,458
			148,458 344 -
			344
			344
			148,802 -
			20,923
			20,923 -
			20,923
			30,167
			51,090

Page 12