Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
Company registration number.. 05347277
Charity registration number: 1111306
The Lotus Children's Foundation
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 January 2024

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Contents
Trustees, Report
1103
Reference and Administrative Details
Statement of Trustees. Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes lo the Financial Statements
8t012

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Trustees, Report
The Trustees, who also seNe as Directors for the purposes of company law. are pleased to present
their Annual Report, together with the financial statements of the charity, for Ihe year ending 31
January 2024.
Structure, governance and management
The charity is a company limited by guarantee. incorporated on 31 January 2005.
Objectives and activities
Charitable Objectives= The objectives of The Lotus Children's Foundation are lo benefit the public by..
{1) Promoting and protecting the physical and mental well-being of orphaned children in Sri Lanka.,
12) Advancing their education by providing and supporting educational facilities and equipment.. and
{3) Undertaking any other charitable actiwties that the Irustees, at their discretion, deem appropriate.
The Charity was founded in response to the devastating Tsunami of 26 December 2004, which lefi
many children orphaned and homeless. particularly in Sri Lanka.
Achievements and performance
The Lotus Children's Foundation partners with three well*stablished Charities in Sri Lanka and one in
Colombia lo support its mission of improving the lives of children.
1. The Velummayilum Foundation - Based in the Northem Province of Sri Lanka. this charity focuses
on assisting families and children in the Point Pedro and Vadamarachchi areas. It aims lo transfomi
lives by providing essential support in health, social welfare, and education, offering children the
chance for a brighter future.
2. The Ladani Institute
A govemment*stablished charity, set up in March 2004. Ladani operates
orphanages across Sri Lanka, providing safe havens and care for vulnerable Children.
3. Patikiri Kubalathara Foundation
Located in the Southem Province of Sri Lanka. this foundation
works with families and children in the Omatta region. Its programs mirror those of the Velummayilum
Foundation. offering high standards of health, social welfare. and education. striving to improve the
opportunities available to these children.
4. Fundacion Frailejones
Operating in Pijao: Colombia, this foundation supports rural schools
through orchard programs and infrastructure improvements Additionally. it helps universty students
with accommodation, living èxpenses, and other support to pursue their education.
The Lotus Children's Foundation is currently responsible for the care of hundreds of children Many
are supported within Iheir communities. wtth all expenses fully funded by the charity. Social workers,
foster families, and schools work closely with the children lo address Iheir everyday needs, ensuring
that each child receives the care and support they require.
However, many more children are awaiting assistance, and it is our long-tem goal to gradually
expand the reach of our services and care to meet this growing need.
The trustees regularly vis-rt Sri Lanka to monitor the WOTk and progress of the Velummayilum
Foundation, Ladani Institute. and Patikiri Kubalathara Foundation. These visits are personally funded
by the trustees to ensure that charitable resources remain focused on the children.
Page 1

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Trustees, Report
Financial review
During the financial year, the charity made payments as follows..
£61,608 to the Velummayilum Foundation.
£11,523 to the Ladani Inslitute,
£34,188 to the Patikiri Kubalathara Foundation,
£12,563 to Fundacion Frailejones.
In addition. £9,673 was spent on other charitable activities detemiined by the trustees. As of 31
January 2024, the charity held cash reserves of £17.637.
Plans for future periods
The trustees remain committed to increasing the chartty's income to ensure we can continue to
support our current beneficiaries. Given the long-temi nature of their needs, the charity will rely
heavily on voluntary donations and funding for many years to come. Our aim is to expand our capacity
to care for more children. while maintsining the high standards of care and support we currently
provide.
Public benefit
The charity actively promotes awareness of the hardship faced by the children in Sri Lanka, and
generates funds to try and improve their situation.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows..
Trustees:
Mr V Thayanandarajah
Mrs S Thayanandarajah
Mr l Jarvis
Mr E Thayan
Mr C Thayan
Secretary:
Mr V Thayanandarajah
Reference and administrative details
Principal Office
Kingsley House
Clapham Road South
Lowestoft
Suffolk
NR32 1QS
The ¢harty is incorporated in England & Wales.
Page 2

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Trustees, Report
Reference and Administrative Details
Company Registration Number 05347277
Independent Examiner
Francis Clark LLP
Melville Building East
Unit 18, 23 Royal William Yard
Plymouth
Devon
PL1 3GW
Charity Registration Number
1111306
Going concern
At the beginning of the year, there were reserves of £12,052. The foundation ended the year with
reserves of £17,637, and have raised funding post year end.
The foundation received £14,575 in funding on the 261h February 2024,. and therefore we are satisfied
that resetves are to be increased in the next twelve monlhs. Additionally, due to Ihe simplistic nature
of the charity's operations and as the year end reserves balance is posrtive. we consider this to be
sufficient evidence that adequale reserves are held and the charity is a going
Concern.
The trustees consider that there are no material uncertainties about the chariws abilty to continue as
a going concern nor any significant areas of uncertainty that affect the carrying value of assels held by
the charity.
The annual report was approved by the twstees of the charity on .141
behalf by..
. and signed on its
Mr l Jarvis
Trustee
Page 3

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Statement of Trustees, Responsibilities
The trustees (who are also the directors of The Lotus Children's Foundation for the purposes of
company law} are responsible for preparing the trustees. report and the financial statements in
accordance with applicable law and Untted Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial slatements unless they are satisfied Ihal
they give a true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources. including its income and expenditure, of the charitable
company for that period. In preparing these financial statements, the trustees are required to..
select suitable accounting policies and apply Ihem ¢onsislently-
observe the methods and principles in the Charities SORP-
make judgements and estimates thal are reasonable and pnjdent.,
slate whether applicable accounting standards, comprising FRS 102 have been followed. subject
lo any material departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable
accuracy at any time the financial position of the charttable company and enable them to ensure that
the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrty of the corporate and financial
information included on the charitable companls websile. Legislation governing the preparation and
dissemination of financial stalements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on .
4... and signed on its behalf by:
Mr l Jarvis
Trustee
Page 4

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Independent Examiner's Report to the trustees of The Lotus Children's
Foundation ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 January 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company 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 accounts 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 examinalion. I confirm that no matters have come to my attention in connection
with the examination gtving me cause lo believe".
1. accounting records were not kept in respect of The Lotus Children's Foundation as required by
section 386 of the 2006 Act" or
2. the accounts do not accord with those records: or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'twe and fair view, which is not a matter
considered as part of an independent examination.. or
4. the accounts have not been prepared in accordance with the melhods and principles of Ihe
Slatement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no olher matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
7Q52e3Fffjt¥AWF............
James Barrett FCA
PKF Francis Clark
Melville Building East
Unit 18, 23 Royal William Yard
Plymouth
Devon
PL1 3GW
30 october 2024
Date..............................
Page 5

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Statement of Financial Activities for the Year Ended 31 January 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Total
2024
Note
Income and Endowments from-
Donations and legacies
135.140
135,140
Total income
135,140
135,140
Expenditure on:
Charitable activities
(129,555}
(129,555)
Total expenditure
(129,555)
{129,555}
Net income
5,585
5.585
Net movement in funds
5,585
5,585
Reconciliation of funds
Total funds brought fO￿ard
12,052
12,052
Total funds carriéd fotward
17,637
17,637
Unrestricted
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
109,630
109,630
Total income
109,630
109,630
Expenditure on:
Charitable activities
1116,078)
1116,0781
Total expenditure
1116,078)
1116.078)
Net expenditure
16,4481
(6,448)
Net movement in funds
(6.4481
{6,448)
Reconciliation of funds
Total funds brought fotvlard
18,500
18,500
Total funds carried forward
12,052
12,052
All of the Charity's activities derive from continuing operations during the above two periods.
The fund breakdowns for both 2024 and 2023 are shown in note 9.
The notes on pages 8 to 12 fonn an integral part of these financi21 statements.
Page 6

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
(Registration number: 05347277)
Balance Sheet as at 31 January 2024
2024
2023
Note
Current assets
Cash at bank and in hand
17.637
12,052
Funds of the charity:
Unrestricted income funds
Unrestricted funds
17.637
12,052
Total funds
17.637
12,052
For the financial year ending 31 January 2024 the charity was entitled to exemption from audit under
section 477 of the Companies Acl 2006 relating to small companies.
Directors. responsibilities-
The members have not required the charity to obtain an audit of its accounts for the year in
question in accordance with section 476- and
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance wtth the special provisions relating to
companies subject to the small companies regime within Parl 15 ofthe Companies Acl 2006.
The financial statements on pages 6 to 12 were approved by the trustees, and authorised for issue on
4y./-.. .1.14.. and signed on their behalf by=
Mr l JaNis
Trustee
The notes on pages 8 to 12 form an integral part of Ihese financial statements.
Page 7

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Notes to the Financial Statements for the Year Ended 31 January 2024
1 Accounting policies
Summary of stgnificant accounting policies and key accounting estimates
The principal accounling policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all the years presented, unless otherwise
stated.
Statement of compliance
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 IFRS
1021 (effective 1 January 2019) {Charities SORP {FRS 1021), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102). They also comply wrth the Companies Act
2006 and Charities Act 2011.
Basis of preparation
The Lotus Children's Foundation meets the definition of a public benefrt enlity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in
Ihe relevant accounting policy notes.
Going concern
The nature of the charity means that expenditure is aligned with the income received with there being
no fixed costs. The Irustees consider thal there are no material uncertainties about the charity's ability
to continue as a going concern nor any signtficant areas of uncertainty that affect the carrying value of
assets held by the charity.
Exemption from preparing a cash flow statement
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a
cash flow statement in these financial statements.
Income and endowments
All income is recognised once the chanty has entitlement to the income, it is probable that the income
will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the chartty has been notified in writing of both the amount and
settlement date. In the event that a donation is subject lo conditions that require a level of
performance by the charity before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
period.
Page 8

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Notes to the Financial Statements for the Year Ended 31 January 2024
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated lo
the applicable expenditure heading thal aggregate similai costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
Charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Charitable activitie5
Charitable expenditure comprises those costs incurred by the charity in the delivery of tts activities
and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities
and those costs of an indirect nalure necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusively to charrtable purposes.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments thal are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
Financial instruments
Classification
The company holds the following financial instruments:
Cash and bank balances.
All financial instruments are classified as basic.
The company has chosen to apply the recognition and measurement principles in FRS102.
Page 9

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Notes to the Financial Statements for the Year Ended 31 January 2024
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions
of the inslrument and derecognised when in the case of assets, the contractual rights to cash flows
from the assets expire or substantially all the risks and rewards of ownership are transferred to
another party. or in the case of liabilities. when the company's obligations are discharged, expire or
are cancelled.
Such instruments are initially measured at transaction price. including transaction costs, and are
subsequently carried at the undiscounted amount of the cash or other consideration expected to be
paid or received, after taking account of impairment adjustments.
2 Income from donations and legacies
Unrestricted
funds
Total
2024
Total
2023
General
Donations and legacies.,
Donations
135,140
135,140
109,630
135,140
135,140
109,630
3 Expenditure on charitable activities
Grant
funding of
activity
Activity
support
costs
2024
2023
Charilable activilies
126,630
2.925
129,555
116,078
£129,55512023 £116,078) of the above expenditure was attributable to unrestricted funds and £Nil
12023 - £Nill to restricted funds.
Page 10

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Notes to the Financial Statements for the Year Ended 31 January 2024
4 Analysis of support costs
Support costs allocated to charitable activities
Other
support
osts
Finance
costs
Total
2024
Total
2023
Basis of
allocation
Usage of activity
Charitable activtties
51
2.874
2,925
4,678
S Trustees remuneration and expenses
No trustees, nor any persons connected with Ihem. have received any remuneration from the charity
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during Ihe
period {2023. £1,897).
6 Staff costs
The average number of persons employed by the charrty (including trustees) during the year was nil
{2023 - nil).
7 Taxation
The charity is a registered charity and is therefore potentially exempt from taxation.
8 Charity Status
The Charity is a company limited by guarantee and consequently does not have share capital. Each
of the trustees is liable to contribute an amount not exceeding £1 O towards the assets of the Charity in
the event of liquidation.
Page 11

Docusign Envelope ID.. 97D91AFE-OOE644E6-8687-OC6EOOE674FC
The Lotus Children's Foundation
Notes to the Financial Statements for the Year Ended 31 January 2024
9 Funds
Balance at 1
February
2023
Incoming
resources
Resources
Balance at 31
expended January 2024
Unrestricted funds
Unrestricted general funds
12.052
135,140
(129,555)
17.637
Balance at 1
February
2022
Incoming
resources
Resources
Balance at 31
expended January 2023
Unrestricted funds
Unrestrrcted general funds
18.500
109,630
{116,078)
12,052
10 Analysis of net assets between funds
Unrestricted
general funds
Total funds
Current assets
17,637
17,637
11 Related party transa¢tions
During the year the charity made the following related party transactions:
Kingsley Care Home organsation
During the year the charity received unconditional donations from various care homes within the
Kingsley Care Home organisalion. These care homes are under Ihe control of Mr V Thayanandarajah,
a Trustee of the charity. The total amounts of these donations were £134,57012023 £96,630). The
charity also utilises the care homes to facilitate international payments for charitable purposes at a
cheaper rate than the charity is able to secure on a standalone basis.
At the balance sheet date the amount due tolfrom Kingsley Care Home organsation was £Nil (2023 -
£Nil).
The charity also made donations of £61,608 (2023 - £28.832} to a Sri Lankan foundation, also under
control of Mr V Thayanandaraiah, for charitable purposes.
Page 12