## **Charity Registration Number : 1126413**
## **KARAI WELFARE SOCIETY (UK)**
**Trustees Report and Financial Statements FOR THE YEAR ENDED 31 MARCH 2021**
## **Karai Welfare Society (UK)**
|Contents|||
|---|---|---|
||**Page**||
|Approval statement||4|
|Accountants' report||5|
|Profit and loss account||6|
|Balance sheet||6|
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## **Karai Welfare Society (UK)**
## **REPORT OF THE TRUSTEES**
## **The Trustees present their report and the financial statement for the year ended 31 March 2021**
**Principal Address**
**:** 185 Cannon Lane PINNER HA5 1HY
**Independent Examiner**
**:** AKCEL LTD Accountants 16 Martin Drive, Northolt, Middlesex, UB5 4BG
## **Board of Trustees**
Mr Murugesu Yogarajah (Chair) Mr Jeevakanthan Nadarajah Mr Tharsan Rajendran Mr Ponniah Gnananandan Mr Kandiah Rajaratnam Mr Thillainadarajah Shanmuganathan
## **Structure, Governance and Management**
## **Governing document**
Karai Welfare Society (UK) was formed by a group of expatriate Karainagar residents in UK in June 1990 and is registered as a charity with Number 1126413.
## **Objectives**
The main objectives of this oraganisation to promote, sponsor and support educational, health and other developmental and welfare projects in Karainagar, Sri Lanka.
## **Achievements and performance**
Since the formation of this charitabbe Trust in 1990 several projects were being funded for education, providing medical facilities and several communal projects to facilitate children and welfare of Karainagar population. These completed projects were listed on our website in detail.
## **Financial Review**
Our income grew during the year and we are grateful to the membership for their continuing financial support. We have some cash reserves generated from the activities during the year, being able to use for future projects.
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## **Karai Welfare Society (UK)**
## **REPORT OF THE TRUSTEES**
Statements of the Trustees' responsibilities in relation to the financial statements. The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the Trustees to prepare the financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements the Trustees' required to:
- Select suitable accounting policies and apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable UK Standards have been followed, subject to any material departures disclsed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis it is inappropriate to presume that the Charity will continue in operation.
The Trustees' are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 4 July 2021 and signed on their behalf by:
Signature(s) Full name : Mr Thillainadarajah Shanmuganathan Position : Vice - Chair Signature(s) Full name : Mr Tharsan Rajendran Position : Treasurer
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## **Karai Welfare Society (UK)**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KARAI WELFARE SOCIETY (UK).**
We report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 6 to 8
## **Respective responsibilities of Trustees and examiner.**
As the charity's Trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities Act 2011 (the 2011 Act) does not apply, and that an independent examination is needed.
It is our responsibilty to examine the accounts under section 145 of the 2011 Act and to state, on the basis of procedures specified in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, whether particular matters have come to our attention.
## **Basis of independent examiner's report**
Our examination was carried out in accordance with the General Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unsusal items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limted to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention:
- (1)which gives us reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act.
have not been met; or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………………………………………………………………
P Ramalingam (CIMA – 1KIUH) AKCEL LTD Accountants 16 Martin Drive, Northolt, Middlesex, UB5 4BG Date : 23 – 08 – 2021
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## **Karai Welfare Society (Account No: 01290726)**
## **Statement of Income & Expenditure for the year ended 31.03.2021**
|**Description**||**Year to Date**||**Year to Date**|
|---|---|---|---|---|
|**Income**
KWS(UK) Member Subscriptions
GIFT AID FROM HMRC
Charity Box collection
Dr Thiagarajah(Dr Saba) Fund
Moolai Hospital cleaning project (Mr Gnanandan Donation)
Moolai Hospital - A & E Unit Equipment
University Students Support
Donation & Collections - KK2020
Donation & Collections - KS2019||**2020 - 2021**||**2019 - 2020**|
|||7,344.00
-
2,659.07
-
246.07
-
4,000.00
-
1,003.00
-
11,556.88
-||9,652.00
-
-
2,171.10
-
4,000.00
-
503.00
-
180.00
-
5,281.69
-
2,942.37
-|
|**Total Income**
**Expenditure**
AGM Hall booking, letter posting, printing etc
Meeting Rooms Booking
Web site design and hosting
Karai Kathambam 2020 Expenditure
Karai Sangamam 2019 Expenditure
DR M Sabaratnam - Dr Thiyagarajah Trust Fund
Moolai Hospital cleaning project (Mr Gnanandan Donation
Moolai Hospital - A & E Unit Equipment
Valanthalai Hospital - Labor Ward Repair
Valanthalai Hospital - CTG Machine
AMPM School - Printer and Projector Money
KALVI VAZHACHCHI ARAKKADDALAI - Kilinochchi Hospital
Receipt Book printing
Saiva Maha Sabai - Water Projects
Saiva Maha Sabai - Sundramoorthy School Ground
COVID 19 Donations
COVID 19 Donations - Private Fund
University Students Support
Auditor Fees||**26,809.02**
**-**
226.00
143.88
228.00
5,000.00
1,256.00
8,767.98
1,250.00
1,389.89
5,082.67
509.17||**24,730.16**
**-**
608.34
174.50
228.00
3,757.88
2,952.99
5,000.00
628.00
740.83
4,221.67
180.00
5,956.11
403.00
2,000.00
159.87
500.00|
|**Total Expences**
**Income (Over)/Under Expenditure**
**Reserve Brought forward**
**Reserve Carry forward**||**23,853.59**||**27,511.19**|
|||**2,955.43**
**-**
19,398.95
-
**22,354.38**
**-**||**2,781.03**
22,179.98
-|
|||||**19,398.95**
**-**|
## **Karai Welfare Society (Account No: 01290726)**
## **Statement of Financial Position as at 31.03.2021**
## **Statement of Financial Position**
|**Current Assets**
Cash at Bank
Receivables
Cash in hand
**Current Liabilities**
Accruals
**Net Assets**
**Represented by**
Members' Fund
AMPM School Private Fund
Money Box Fund
KHC Ground Fund
University Student Aid
Moolai Hospital - A & E Unit Equipment
**Net Fund**|21,036.68
400.00
1,187.05
269.35
-
22,354.38
13,124.84
-
-
2,292.51
-
1,128.00
-
20.13
-
5,788.90
-|17,421.37
1,600.00
420.93
43.35
-|
|---|---|---|
|||19,398.95|
|||12,695.21
-
509.17
-
5,046.44
-
1,128.00
-
20.13
-|
||**22,354.38**
**-**|**19,398.95**
**-**|
## **REPORT**
- -
In my opinion, the financial statement gives a true and fair view of the state of the Karai Welfare Society as at 31-03-2021
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