REGISTERED CHARITY NUMBER: 1136376 Unaudited Financial Statements for the year ended 31 December 2023 for Oru Paanai Nicklin Accountancy Services Limited Church Court Stourbridge Road Halesowen West Midlands B63 3rr
Oru Paanai Contents of the Financial Statements for the year ended 31 December 2023 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Flnanclal Statements Detailed Statement of Flnancial Activities io
Oru Paanai Report of the Trustee5 for the yoar ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the prowslons of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms It gwes us great pleasure to present the annual report of the trustees of Oru Paanai for the year 2023 Providing dry rations to the elderly without any form of income, remains the main objective of Oru Paanai, In this year Oru Paanai has Increased the number of people we are supporting to 700 elders in the north, around 200 in the east. We extended our program io UroUntry areas, Haputale l Haldumulla area5 in 2022, and more families have been added in 2023. Our assistance is not confined to the elderly. DeSeIng people, such as those In extreme poverty or differently abled, are also provlded assistance through thls prograni. In this year, we initiated a new program where young families in dire poverty were also included in our dry rations program and these families are given double quantities of dry rations, Thls new program Is focused mainly in the north, but includes familles in Batticaloa as well as the hill country. We have also continued the construction of more wells In the Wanni. Thus far, we have constructed over 1190 wells, both tube wells and traditlonal dug wells. We plan to construct 30 wells per year, funds permitting. Oru Paanai conlinues Its support for the Sathu Maa programme, which helps to provide 3 nutritional food supplement to malnourlshed children of preschool age, and cuirently over LKR I million is spent every month on this progiam, Around 1,000 malnourished children are given support through this program. In Sri Lanka, the poliCal landscape has been quite stable In 2023, mainly thanks to a loan from the IMF and the World Bank. However, this assistance came with conditions, which included imp)sit¢on of new taxes on all citizens, including government servants. The economic silualion in which the country foLJnd itself in 2022, has not Improved significantly In the current year. The hardships endured by the poverty stricken in the couniry has resulted in greater need for Lhe type of help rendered by Oru Paanai. The activities of OP are sustained in the main by a regular financial help from the Serendip Foundation based in Washington, as well as regular donations from around 130 regular supporters In the UK, as well as an organisation of Canberra based Tamlls. OP can continue to continue its varied actwities thanks to the help il receives from these multiple sources to whom we are deeply indebted. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity Is controlled by its governlng document, a deed of trust and constitutes an unlncorrK¢rated charlty. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1136376 Principal address 58 HLFngerford Road stourbridge West Midlands DY8 3AB Trustees Dr A l Thambapillai Dr L Muthuveloe Dr S Kathirgamanathan - Treasurer Dr S V Devendra Professor R Swaminathan Dr D W Muthuveloe Dr N SriskantharaJah Dr N Subanandan Mrs S Devendra Dr R S Thambyrajah Dr K Balasubramaniam Page I
ON Paanal ReEx)rt of the Trustee5 for the year ended 31 Dember 2023 REFERENCE AND ADMINISTRATIVE DEfAILS Independent Examiner Mark Howell FCA Nlcklin Accountancy Serylces Umlted Church Court Stovrbildge Road Hale50wen West Midlands B633 Approved by order of the Lk)ard of trustees on ................. ......... ............... . and slgned on Its behalf by: Dr S V Deyendra - Trustee Page 3
Independent Examiner's Report to the TrLfStees of Oru Paanai Independent examiner's report to the trustees of Oru Paanai I report to the charity trustees on my examination of the accounts of Oru Paanai (the Trust) for the year ended 31 December 2023. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance w((h the requirements of the Chartties Act 2011 ('the Act,). E report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention In connection with the examinatlon giving me cause to believe that in any material respect.. accountlng records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accoLFnts set out In the Charities {Accounts and Re¥x)rts) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in thi5 rerort In order to enable a proper understanding of the accounts to be reached. Mark Ho 11 FCA Nlcklin Accountsncy Services Llmited Church Court stourbridge Road Halesowen West Midlands B63 3rr io October 2024 Page 3
Oru Paanai Statement of Financial Activities for the year ended 31 December 2023 2023 Total funds 2022 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 172,237 300 172,537 148,422 other trading activities Total 184 026 300 184 326 174 546 EXPENDITURE ON Raising funds 8,200 8,200 17,038 Charltable actlvlties Support to projects in Sri Lanka Governance costs 161,667 20,067 181,734 192,455 874 Total 170 877 190 944 210 367 NET INCOMEI(EXPENDITURE) Transfers between funds 13,149 20 067) (19,767) {6,618) (35,821) li Net movement In funds (6,918) 300 (6,618) (35,821) RECONCILIATION OF FUNDS Total funds brought forward 86,007 466 86,473 122,294 TOTAL FUNDS CARRIED FORWARD 766 The notes form part of these financial statements Page 4
Oru Paanal Balance Sheet 31 Dember 2023 2023 Totsl funds 2022 Total nds Unrestricted Restsicted nd fund5 Notes CURRENT ASSETS Debtor5 Cash at bank 11,466 11,466 7,317 766 766 80,755 87,263 CREDrroRS Amounts falling due wrthln one year io {9) {9t)O) (790) NET CURRENT ASSETS 766 TOTAL ASSETS LESS CURRENT UABILrriES 766 79,655 86,473 NET ASSETS 766 FUNDS Unrestrlcted funds Restrkted funds li 79,089 766 86,007 466 TOTAL FUNDS The finandal statements were approved by the Board of Trustee5 and authortsed for 155ue on .111012024................................. and were slgned on Its behalf by". Dr.S,V.Devend The notes forn? part of the% finandal ststements Page 5
Oru Paanai Notes to the Financial Statements for the year ended 31 December 2023 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparin9 their accounts in accordance wlth the Financial Reportlng Standard applicable In the UK and Republic of Ireland {FRS 102) (effective l JanLfary 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charlties Act 2011. The financial sLitements have been prepared under the historical cost convention. Income All income is recognised in the Ststement of Financial Activities once the charity has entitlement to the funds, it Is probable that the income will be received and the amount can be measured reliably. Expenditure Liabllities are recognlsed as expendibjre as soon as there Is a legal or constructive obligation commltting the charity to that expenditure, it Is probable that a transfer of economic benefits wlll be required in settlenient and the amount of the obligation can be measured rellèbly. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category, Where costs cannot be ijlrectly attributed to partlcular headings they have been allocated to activities on a basig consigtent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expendlture. Taxatloii The charity is exempt from tax on its charitable activlties. Fund accountlng Unrestrlcted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purtK)se of each fund is included in the notes to Ihe financlal stalements. DONATIONS AND LEGACIES 2023 2022 Donations Gift aid 161,521 141,104 172 537 148 422 OTHER TRADING ACTIVITIES 2023 2022 Fundralsing events Fundralslng income In 2023 includes monies raised from a dinner event. In 2022 monies were generated from a lunch event, Page 6 continued.,.
Oru Paanai Notes to the Financial Statements - continued for the year ended 31 Decèmber 2023 RAISING FUNDS Ralslng donatlons and legacles 2023 2022 Postage, staknonery and computer expenses Fund raising expenses 930 1,298 Expenditure on raising funds 2023 and 2022 includes catering and other costs for events. SUPPORT COSTS Governance costs include fees paid to the Independent Examiner of £900 in 2023 (2022: £840). TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefils for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December2023 nor for the year ended 31 December 2022, STAFF COSTS The average monthly number of employees durlng the year was as follows: 2023 2022 Admlnlstratlon No employees recelved emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrlcted funds Tota funds INCOME AND ENDOWMENTS FROM Donatlons and legacies 148,072 350 148,422 Olher trading actlvities Total 174 196 350 174 546 EXPENDITURE ON Raising funds 17,038 17,038 Charltable actlvities Support to projects in Sri Lanka Governance costs 187,889 874 4,566 192,455 874 Total 205 801 210 367 NET INCOMEI{EXPENDITURE) Transfers between funds (31,605) (4,216) (35,821) Net movement In funds (26,823) (8,998) (35,821) Page 7 continued.
Oru Paanai Notes to the Financial Statements - continued for the year ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANcfAL ACTIVITIES - contlnued Unrestricled Restricted fund funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 112,830 9,464 122,294 TOTAL FUNDS CARRIED FORWARD 466 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Prepayments and accnJed income 10,966 500 7,317 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other creditors 900 790 ii. MOVEMENT IN FUNDS Net movement in funds Transfers beeen funds At 31.12.23 At 1.1.23 Unrestrlcted funds General fund 86,007 13,149 (20,067) 79,089 Restrlcted funds Water fund 466 (19,767) 20,067 766 TOTAL FUNDS Net movement in funds, Included in the above are as follows: Incoming resources Resources expended Movement In fund5 Unrestricted funds General fund 184,026 (170,877) 13,149 Restricted funds Water fund 300 (20,067) (19,767) TOTAL FUNDS 184 326 190 944) Page 8 continued...
Oru Paanai Notes to the Financial Statements - continued for the year ended 31 December 2023 ii. MOVEMENT IN FUNDS - contlnued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 112,830 (31,605) 4,782 86,007 Restricted funds Hearing fund Water fund 9,348 116 (4,566) 350 (4,782) 466 466 TOTAL FUNDS 122 294 35 821) Comparative net movement in funds, Included In the above are as follows: Incomlng resources Resources expended Movement in fvnds Unrestrlcted funds General fund 174,196 (205,801) (31,605) Restrlcted funds Hearing fund Water fund (4,566) (4,566) 350 350 350 TOTAL FUNDS 174 546 210 367) 35 821) The Hearing fund represented monies to be spent in support of deaflblind schools in Srl Lanka, This fund was closed in 2022 and the balance transferred to the general fund The Water fund represents nionies to be spent in the provlsion of safe water supplles in Sri Lanka. Transfers between funds The transfer between funds represents monies transferred from the general bank account into the charivs Water fund bank account for the purpose of being disbursed in furtherance of the aims of the Water fund. 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 9
Oru Paanai Detailed Statement of Financial Activities for the year ended 31 December 2023 2023 2022 INCOME AND ENDOWMENTS Donatlons and legacies Donations Gift aid 161,521 141,104 172,537 148,422 other trading actlvities Fundraising events Total Incomlng resources 184,326 174,546 EXPENDITURE Raislng donations and legacles Postage, statior)ery and computer expenses Fund ralsing expenses 930 1,298 8,200 17,038 Charitable actSvltles Grants to Oru Paanai Sri Lanka 180,752 191,393 Support costs Governance eosts Staff and supervlslon costs Independent Examiner's fees 982 1,062 874 Total resources expended 190 944 210 367 Net expendlture 35 821) Thls page does not form part of the statulory financial statements Page 10