Tamil Aid Llmited Charity No. 1108660 Company No. 05347137 Trustees, Report and Unaudited Accounts 31 January 2025
Limite Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account Balance Sheet Notes to the Accounts 8t012 Detailed Statement of Financial Activities 13to14 Pagp 1
Tamil Aid Limited Triistees Annual Report The Trustees are responsi ble for l(eeping proper aLcouiiting records that disc105e with reasonable accuracy at any time the financial position of tlie 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 a nd other irregularities. The trustees have a duty to ide ntify and review the risks to which the cha rity is exposed a nd to ensure appropriate conti-ols a re in place to provide reasonable assurance aga inst fra ud a nd error. The above repoi-t has been prepared in accordance with the provisions applicable to companies subject to the small compaiiies regime as set out in Part 15 of the Comi)anies Act 2006 and in accordance with the Charities SORP IFRS 1021. Sigiied If03rd anthakumar Vigneswaralingam Trustee 31 March 2025
amilEid 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 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 05347137 Charity No. 1108660 Registered Office l Beauchamp Court 10 Victors Way Barnet Hertfordshire EN5 5TZ Directors and Trustee5 The Directors of the charitable company are its Trustees for the purpose5 of charity law. The following Dirertors 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 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. FINANCIAL REVIEW The board also monitors the charity's 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 volunteer5,together with efficient financial management. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity has a board of trustees that meet 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 2025. P2gp ?
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 2025. Responsibilities and basis of report As the charity's trustees of the company land a150 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 20061'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) (bl of the 2011 Act. Independent examiner's statement I have completed my examination. I can confirm that no material matter5 have come to my attention in connection with the examination giving me cause to believe: 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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities 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 this report in order to enable a proper understanding of the financial statements to be reached. A¢¢ Accountants & Tax Consultants Ltd Charterpd Llanagemenl Accountants 1ZI Fenc8piece Road, Ilford. Essax, IG6 2LD T.. 0208 550 53691 M-. 0753 5555 C(11 W: M¥w.8C*aCLntanIs.¢o.uk Ll_uc Mr Pathmanathan Valluvar FCCA Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG6 2LD 31 March 2025
Statement of Financial Activities for the year ended 31 January 2025 Unrestricted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies 148,957 148,957. 273,849 Total 148,957 148,957 273,849 Expenditure on: Charitable activities Other 160,074 1,027 160,074 1,027 263,115 781 Total 161,101 161,101 263,896 Net gains on investments Net (expenditure)/income Transfers between funds {12,1441 112,1441 9,953 Net (expenditure)lincome before other gains/(losses) (12,1441 112,144) 9,953 Other gains and losses Net movement in funds 112,144} 112,1441 9,953 Reconciliation of funds: Total funds brought fonward 120,109 120,109 110,156 Totsl funds carried forward 107,965 107,965 120,109 Paup
ami Summary Income and Expenditure Account for the year ended 31 January 2025 2025 2024 Income 148,957 273,849 Gross income for the year 148,957 273,849 Expenditure 161,101 263,896 Total expenditure for the year Net (expenditurel/income before tax for the year 161,101 263,896 (12,144) 9,953 Net (expenditure )/income for the year (12,144) 9,953 Pagp fi
Tamil Aid Limited Balance Sheet at 31 January 2025 Company No. 05347137 Notes 2025 2024 Current assets Debtors Cash at bank and in hand 17,718 90,247 107,965 107,955 32,283 87,826 120,109 120,109 Net current assets Total assets less current liabilities 107,965 120,109 Net assets exclud ing pension asset or liability 107,965 120,109 Tot31 net assets 107,965 120,109 The fund5 of the charity Restricted funds Unrestricted funds General funds Designated funds 65,642 42,323 96,102 24,007 107,965 120,109 Reserve5 Total funds 107,965 120,109 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 2025 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 31 March 2025 And signed o its behalf by- hanthakumar Vigneswaralingam Trustee 31 March 2025
amilTri- Notes to the Accounts for the year ended 31 January 2025 l 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 1021 (effective I January 2015} - {Charities SORP IFRS 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 policie5 (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. 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 restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activitie5 {SoFA} 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 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 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 relate5. 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/llossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets legacies Gains/{losses) on investment assets This includes any gain or loss on the sale of investments. Pagp SR
ami Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. 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 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. All grant expenditure is accounted for on an artual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but 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, 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. 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 servi$ 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. PaL7p q
Tarriil Notes to the Accounts 3 Statement of Financial Activities- prior year Unrestrict ed funds Total funds 2024 2024 Income and endowments from: Donations and legacies Totsl 273,849 273,849 273,849 273,849 Expenditure on: Charitable activitie5 263,115 781 263,115 781 Other Total 263,896 263,896 Net income 9,953 9,953 Net income before other gains/(losses) Other gains and losses: Net movement in funds 9,953 9,953 9,953 9,953 Reconclliation of funds: Total funds brought forward 110,156 110,156 Total funds carried forward 120,109 120,109 4 Income from donations and legacies Unrestrlct ed Total Total 2025 2024 Tamil Aid 131,239 17,718 148,957 131,239 17,718 148,957 228,815 45,034 273,849 Gift Aid 5 Expenditure on charltable actlvltles Unrestrict Totsl Totsl 2025 2024 Expenditure on charitable activities Grants to Institution5 160,074 160,074 263,115 Governance costs 160,074 160,074 263,115 PXLTP ln
ami Id Liinite Notes to the Accounts 6 Other expenditure Unrestrict ed Total Total 2025 2024 General administrative costs 1,027 1.027 1,027 1.027 781 781 7 Debtors 2025 2024 Other debtors-gift aid 17,718 17.718 32,283 32,283 8 Movement in funds Incoming resources (including Resources Atl other expended February gainslloss 2024 es) At31 January 2025 Fund Transfer Restricted funds: Unrestricted funds: General funds 96,102 130,891 1127,043) (34308) 65,642 Designated funds: Building Blocks Fund Kick Start Fund 16,473 7,534 {382) (2,584) (31,092) 34308 (34,058) 16,091 4,950 21,282 Aram 18,066 Total 24,007 18,066 42,323 Totsl funds 120,109 148,957 {161,101} 107,965 Purposes and restrictions in relation to the funds: Designated funds: Building Blocks Fund Kick Start Fund . Ardm 9 Analysis of net assets between funds Unrestrict ed funds Net current assets 107,965 107,965 107,965 107,965 PHgp11
Tami Aid Limited Notes to the Accounts 10 Reconclliation of net debt Atl February 2024 At31 Cash flows January 2025 Cash and cash equivalents 87,826 87,826 2,421 2,421 90,247 90,247 Net debt 87,826 2,421 90,247 Pagp1?
Imited Detailed Statement of Financial Activities for the year ended 31 January 2025 Unrestricted funds Total funds 2025 Total funds 2024 2025 Income and endowments from: Donations and legacies Tamil Aid Gift Aid 131,239 17,718 148,957 131,239 17,718 148,957 228,815 45,034 273,849 Total income and endowments 148,957 148,957 273,849 Expenditure on: Charitable activities Grants to Institutions 160,074 160,074 160,074 160,074 263,115 263,115 Totsl of expenditure on charitable activities 160,074 160,074 263,115 General administrative costs, including depreciation and amortisation Bank charges Subscriptions 430 430 357 597 1,027 1,027 597 1,027 1,027 424 781 Total of expenditure of other costs Total expenditure Net gains on investments 781 161,101 161,101 263,896 Net {expenditure)/income {12,1441 (12,144) 9,953 Net (expenditure)/income before other gains/(losses) Other Gains (12,144) 112,144) 9,953 Net movement in funds (12,144) {12,1441 9,953 Reconciliation of funds: Total funds brought forward 120,109 120,109 110,156 Total funds carried fonmard 107,965 107,965 120,109 Pagp14