Tamil Aid Limited Charity No. 1108660 Company No. 05347137 Tru5tees' Report and Unaudited Accounts 31 January 2024
Tamil Aid Limited Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 2to3 Summary Income and Expenditure Account Balance Sheet Notes to the Accounts 8t012 Detailed Statement of Financial Activities 13 P2ep 1
Tamil Aid Limited Trustee5 Annual Report The trustees. who are also directors of the charity for the purposes of the Companies Art 2006. present their report with the unaudited financial statements of the charity for the year ended 31 January 2024. REFERENCE AND ADMINISTRATIVE DEfAILS Company No. 05347137 Charity No. 1108660 Registered Office l Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 STZ Directors and Trustses The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees sevrfed during the year.. Ayyakkannu Desigar5omasundaram Chithra Somasundaram Shanthakumar Vigneswaralingam Sharvanandan Arnold Account3nts Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG6 2LD ACHIEVEMENTS AND PERFORMANCE The charity's achievements for the year are contained in the Annual Report and the trustees are satisfied with the progress made during the year. FINANaAL REVIEW The board also monitors the charity'5 reserves to ensure that they are neither excessive nor in deficit. Similarly to last year, the charity generated a satisfactory. Financial outcome with net increase in funds This was achieved with the support of its members and volunteers.together with efficient financial management. STRucfuRE, GOVERNANCE AND MANAGEMENT The charity has a board of trustee5 that meet regularly and are responsible for the strategic direction and policy of the trust's work. PAop ?
Tamil Aid Limited Trustees Annual Report The charity has a board of tru5tccs that mcet regularly and are responsible for the Strategic direction and policy of the trust's work. There were no significant related party transactions during the accounting period ended 31 January 2023. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy ar any time the flnancial posiiion of the charity and to enable them to ensure that the financial statements comply with the Companies Art 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 trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The above report has been prepared in accordance with the provisions applicable to companies subject to the Small conipaiiies iegiJ[i (15 5eL uut in Part 15 of the Companies Acl 2006 and in accordance wlth the Charities SORP (FRS 1021_ ned Ifof 3kumar Vi8neswaralingam Trustee 10 October 2024 Pxorp
Tamil Aid Lirnlted Independent Examiners Report Independent Examiner's Rcport to the tru5tee5 of Tamil Aid Llmlted I report to the charity trustees on my examination of the financial statements of Tamil Aid Limited for the year ended 31 January 2024. Responsibilities and basis of report As the charity'5 trustees of the company (and also its directors for the purposes of company lawl you are re5pon5ible for the prepar(Ition of Ihe financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied my.£plf that the financial 5tatemcnt5 of the Charity are not ie4uired to be audited under Part 16 of the 2005 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 20111'the 2011 Act'l. In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 145151 (bl of the 2011 Act. Independent examiner'5 Statement As the charity's gross income exceeded £250.0(X) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qiJ3lified to undertake the examination because l am a member of ACMA, which is one of the listed bodies. 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- accounting record5 wewe not kept In accordance wvth section 386 of the 2(N]6 Act . or the financial statements do not accord with those records- or the financi31 statements do not comply with the accounting requirements LJndp.r sertion 396 of the 21X)6 Act other than any requirement that the financial statements give a Irue and fail view which is not a matter considered as part of an independent examination: or the financial statements have not been piepdred in accordance with the methods and principles of the Statement of Recommended Practice for ar.rounting and reporting by charitics applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report In order to enable a proper understanding of the financial statements to be reached_ AM Alcourtsnts & Tax C•rTr•ultsnts Ltd elp¥l UanégThntA¢¢ountane$ r...•J2M5*] W j . 0753 s5551 Mr Majuran Pu5hpanathan ACMA Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG6 2LD 10 October 2024 Pagp
Tamil Aid Limited Statement of Financial Activities for the year ended 31 January2024 Unrestrirted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donation5 and legacie5 273,849 273,849 153.462 Total 273.849 273,849 153.462 Expenditure on: Charitable actrvities Other 263,115 781 263,115 781 123.617 628 Total 263.896 263,896 124,245 Net gains on investments Net income 9,953 9,953 29,217 Transfers between funds Net income before other sain51(1055es) 9,953 9,953 29.217 Other gains and losses Net movement in funds 9,953 9,953 29,217 Reconciliation of funds: Total funds broughtforward 110,156 110,156 80,939 Total funds carried forward 120,109 120,109 110,156 Paop
Tamil Aid Limited Summary Income and Expendtture Account for the yearended 31 January 2024 2024 2023 Income 273,849 153,462 Gross income for the year Expenditure 273,849 153,462 263,896 124,245 Total expenditure for the year Net income before tax for the year 263,896 124,245 9,953 29,217 Net income for the year 9,953 29,217 Pavp A
Tamil Aid Limited Balance Sheet at 31 January 2024 Company No. 05347137 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 32.283 87,826 120,109 120,109 120.109 31,859 78,297 110,156 110,156 Net current assets Total a55ets le55 current liabilities 110,156 Net assets excluding pension asset or liability 120,109 110,156 Total net assets 120,109 110.156 The funds of the charity RestrirtÈd funds Unrestricted funds General funds Designated funds 96,102 24,7 69,076 41,080 120.109 110,156 Reserves Total funds 120.109 110,156 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 2024 the company was entitled to cxemption 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 Companie5 Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting rp.r.nrd.£ And the preparation of accounts. Approved by the board on 10 October 2024 And 5iBned o fby: umar Vigneswaralingam io October 2024 Pagip 7
Tamil Aid Limited Notes to the Accounts for the year ended 31 January 2024 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Pracliie dppIiLdble to charitie5 preparing their accounrs in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I January 20151 ICh3rities SORP (FRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companie5 Act 2(Kl6. Ch3nge in basis of accounting or to previous attounts There h35 been no change to the accounting policies Iv31uation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unre5tricLed fund5 These are available for use ai the discretion of the trustees in furtherance of the general objects of the charity- These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrittions imposed bythe donor or through terms Df an appp.Al_ Designated funds Revaluation funds Restricted funds Income RecoRnition of income Income is included in the Statement of Financial Activities {SoFAI when the charity 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 relat@_d p.xppnditiJre. is expenditure reported gross in the SOFA. Donation5 and Voluntary incowiie ieivived by wliy of grants, donation5 and glfts Is Included In the 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 a5 the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) 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 15 included in tlie aCLvuiII5 when receivable. Gains/llosse51 on This inc.liides any Eain or loss resulting from revaluin8 investments to market value revaluation of fixed at the end of the year. assets legacies and facilities tiains/llossesl on investment assets This includes any gain or Ios5 on the sale of investments. PAgp 51
Tamil Aid Limited Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basi5. Expenditure includes any VAT which 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 tradin8 costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activitie5 and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure rs accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the e_nd of thp. year bijt not yet paid. 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. These are support costs not allocated to a particular activity- Grants payable Governance costs Other expenditure 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. 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 thc reporting period. Transactions in currencies other than the functional currenry 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, facilitie5 and servlces All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the Wdlue to the charity- 2 Company status The company is a private company limited by guarantep_ And c_nnsequently does not have share capital. p2@p 9
Tamil Aid Limited Notes to the Accounts 3 Statement of Financial Artivltles- prlor year Unrestrirted funds Totsl fund5 2023 2023 Income and endowments from". Donations and legacies Total 153,462 153,462 153.462 153,462 Expenditure on: Charitable artivities 123,617 123,617 628 Other 628 Total 124,245 124,245 Net income 29,217 29,217 Net income before other gains/(105ses) Other gains and losses: Net movement in funds 29,217 29.217 29,217 29.217 Reconciliation of funds.. Total funds brought forward Total fund5 carried forward 80,939 80,939 110,156 110,156 4 Income from donations and legacies Unrestricted Total Total 2024 2023 Tamil Aid 228,815 228,815 105,010 16,593 31,859 153,462 Kick Start Gift Aid 45,034 273,849 45,034 273.849 5 Expenditure on charitable activitie5 Unrestricted Total Total 2024 2023 Expenditure on choritable activitie5 Grants to Institutions 263.115 263,115 123,617 Governance costs 263,115 263,115 123,617 Papp ln
Tamil Aid Limited Notes to the Accounts 6 Other expenditure Unrestrirted Total Total 2024 2023 Gg.np.rxl administrative costs 781 781 628 781 781 628 7 Debtors 2024 2023 Other debtors-gift aid 32,283 32.283 31,859 31,859 8 Movement in funds Incoming resources {including Atl other February gains/losses 2023 At31 Resources expended January 2024 Restricted funds: Unrestricted funds: General funds 69,076 273,849 1246,8231 96.102 Designated funds: Building Blocks Fund Kick Start Fund 16.588 24,492 (1151 {16,958) (17,073) 16.473 7,534 Totol 41,080 24,7 Total funds 110,156 273,849 (263.8961 120,109 9 Analysis of net assets between fund5 Unrestricted funds Total Net current assets 120.109 120,109 120,109 120,109 Pxgp11
Tamil Aid Limlted Notes to the Accounts 10 Reconciliation of net debt Ati At31 February 2023 January 2024 Cash flows Cash and cash equivalents 78,297 78,297 9,529 9,529 87.826 87,826 Net debt 78.297 9,529 87,826 Pagp 7?
Tamil Aid Limited Detailed Statement of Financial Activities for the year ended 31 January 2024 Unrestrirted funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and legacies Tamil Aid Kick Start Gift Aid 228,815 228.815 105,010 16.593 31.859 153,462 45,034 273,849 d.4.n34 273.849 Total income and endowments 273,849 273,849 153,462 Expenditure on: Charitable activities Grants to Institutions 263,115 263.115 263.115 263.115 123,617 123,617 Total of expenditure on charitable activities 263,115 263,115 123,617 General administrative costs, Including depreciation and amortisation Bank charges Subscriptions 357 357 538 90 424 424 781 781 628 628 Total of expenditure of other costs Total expenditure 781 781 263,896 263.896 124,245 Net gains on investments Net income 9.953 9,953 29,217 Net income before other gains/llosses) Other Gains 9,953 9,953 29,217 Net movement in funds 9.953 9.953 29,217 Reconciliation of funds: Total funds brought forward 110,156 110.156 80,939 Totsl funds carried forward 120.109 120,109 110,156 Pagp 1