Company Number: 1141097 PUNGUDUTIVU WELFARE ASSOCIATION {U.K.} UNAUDITED FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 DECEMBER 2024
PUNGUDUTIVU WELFARE AS50aATION (U.LI REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Page Legal and Administrative Inft)rmatio Trustees, report Independent examinerfs report Statement of Financial activities Balance sheet Notes to the financial statements 8-11
PUNGUDUTIVU vLFAREAs5ocIATION IU.LI LEfjALAND ADMINISYRATIVE INFORMATION Registered office 28 Cedar Drive Pinner Middx FiA5 4DE Trusteos Founders kalingarn Karunalingam Sinnadurai firupananthavel Thampippilai Manmatharajah Sellathufai Mohana5undaram Sivasamy Premananthan Appointed Dr Subramaniarn Shanmugalin8am Kurumoorthy Barathithasan Muthuthamby &vapalan Seeyaratnam Sivasurathan Ilependent Examiner Lewis As5(Miate5 75 Coniston Gardens London NW9 OBA NW9 OBA Bankers HSBC Bank Pk Lewisham Branch 85 Lewisham High St London SE13 6BE Page 1
PUNGUDUnVU WELFAiEASSOCiATION {U.JL) TRUSTEES. REPORT FOR THE Y&4R ENDED 31 DECEMBER 2024 Thetru5tees are pleased to present their annual finarKial statents o*the charity for the year ended 31 December 2024 Obje¢ttves and artfvities of the Tri The CharitW5 objects are specifically re5tritted to thefollowin8'. The organi5ation shall support the following oblts for the public benefit in Pungudutivu, 5rilanka :_ 11 To advance e(lucation' 21 To relievefinancial hardship. 31 To prornote and protect good heah- 41 To provide or assist in the provision of facilities in the iTrterest5 of sal welfare for re£reation or other leisure tirne ¢xcupation of individuals who have need of such facilities by reason of zheiryouth. age. infirrnity or disability. financial hardship or Sla1 circumstances with the obj&t of improvingtheir conditiolls tsf life. When planningtheir objertives for theyea¥. thelru5tees confinn that they have referred to the guidance contained in the charity commission's general guidance on public the trust aims and obiectives and planning future activitie% Structure, Governance and ma1ba8ent Pungudutivu Weffare Association IU.Ll is a re8i5tered charity- , tharity ftumbw in England and Wales is 1141097. The Trustees, who served during the period were: Sockalin8am Karunalin8arn Sinnèdurai firupananthavel Thampippilai Manmathafajah Sellathurai Mohanasundaram Siva5amy Premananthan Dr Subramaniatn Shantnugalingam Kummoorthy Barathithasan Muthuthamby Sivapalan Seevaratnam 5ivasurathan Sockalin8am Anandalingam Appointed 24-Nov-24 Resigned 24-Nov-24 Page 2
PUNfjUDiJfp4u WELFARE ASSOCIATION IU.LI TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees. respongbiliiies in relation tothe financial statements The trusiees are re5POll51ble for preparing the Trustees, Report and the financial statements tn accordance with appllcable law and regulations. The Charities A£t 2011 requiresthe tTUStees to prepare finanoal statetnents for each financial year. The trustees have to ppare the financial staternent5 in accordance with Llnited ingdOM Generally Accepted Accounting Prartice (United Kingdom Accounting StandaTds and applicable lawl. Thetru5tees tnust not approvethe financial staternents unless they are 5atrfied that theygive a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the incomeand expenditure, of the charity for that period. In preparingthesefinanual staternents, the trusw are Tequlred to= selert suitable accounting wlicie5 and then apply them consistently.. observe the methods and principle5 in the ChafitÉes SORP.. makejudgements and est¢matesthat are ieasonable and prudent- prepare the financial statements on the 80iHg C1)ern basis unless it is inappropriate to presumethat the charity will continue in busine5S. When planning their objeclive5 for theyear,thetrntee5 conf1rn7 that they have referreij to the guidance contained in the charity commission's general guidan0Th public benefit when re¥iewingthe charity's aims and objettives and I planning future activities. Risk Managemerrt The Trustees have an infornial risk management strategywhich compromises= Ongoing review of the risks the charity mayface- • Establishment of systems and predureS to mitigatetkne risk5.' and • Implementation of procedures designed to minimise any potertial impatt on the charity shouldth05e risk The Board of Trustee5 is re5ponsitAe forthe management of the rr5k faced by the trust. Q)nsideration and management of such risks is reviewed on an ongoing basis. and systems have been and will be e5tsblished, and where appropriate professional advisors have be or will be appointed io mffigatethose risk5. ThfOU8h the aLwe, the Trustees are satisfied that mèior risks identthed are subsequendy mitigated where necessary. It is recognised that systems (an only provide reasofiable not abSole assurance that major risks have been adequately mana&ed. Re¥eNes poli I funds received are currently used to achieve the objeciive5 of the charity. Any surplus funds are used forthe same purpose and at present the Trustee5 do not have a forrnal reserve policy. Overtime theTrustees hope to grow reserves to a level sufficient to managethe attivities of the charity by general-purpose appeals from timeto time. Page 3
PUNGUDiJnvu WELFARE ASSOCFATION IU.L) REPORTOF THETRUSTEES ICONnNUEDI Achievements & Performance The Trustees are pleased to report on this year in which the chaitty fulfilled lis ObltIves. All funds received during the year have applied in meetinB the (harity's charitable objectives. Any surpluses arising from donations and other income are held forthe general benefit of the charity's operations. Finzncial Review Total income for the year was £81.36712023- £79.1881. The trust is helping registered charities mainly in Punsudutivu Srilanka in support of bettercare, financial hardship. education and other netts5ary projects in Pun8udutNu Srilanka every year. tjonations paid for theyear 2024 amountedto £61.97112023.. £43.4391 duringthe year. Approved by the trustees and signed on tis behalf by Sinnadurai KirupanaThthavel Date". Page 4
LEWIS ASSOCIATES INDEPENDETrn EXAMINER'S REPORTTO THE TRU5fEES OF PUNGUDUTIVU WELFARE ASSOCiATION IUKI I report to thè charity trustees on my examination of the actounts of PUNGUDUTIVU WELFARE ASSOCIATION IUKI forthe year ended 31 December 2024. Responsibilits and basls of report As the charity trustees ofthe Trustyou are responsibleforthe preparation of the accounts In accordance with the requirements of the Charities Art 2011 lhe Ati'l. I report in respect of ffly examination of the Trust's actounts carr¢ed out under SectTron 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 1451Sllbl of the Act. Independent exarniner'sstatemÈAt I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinatson giving me txuse to believe that in any material re5pect= accounting records were not kept in respect of theTrust as required by Secbon 130 of the Act. or the actounts do not accord wtth those records,. or 3. the accounts do not compty with the applicable requirements concerning the form and content of accounts set out in the Chartties (Accounts and Reports) Regulations 2( other than any requirement that the account5 give a true and fair view whith is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connection wtth the examination to which attention should be drawn in this report in orderto enable a proper understsndingof the accounts to be reached. Lewis Associate5 75 Coniston Gardens London NW9 OBA NW9 OBA OATE 04- IX- ZoXS- Paga 5
PUNGUDUTIVU WELFARE A5YXIATJON IU.LI STATEMENT OF FINPJKIAL ACTIIIrnES FOR THE YEAR ENDED31 DECEMBER 2024 Totsl 2024 Total 2023 fvnLts nds Incom from: Donations and legacies 80.392 80,993 78,9LK Othertrading attithties 2b Income from ifftvÈ5tment 374 374 288 Total In¢omt 80.766 601 81.367 79.188 nditure on: Raising funds Charitable artivities Other Expenditure Governance costs 23.318 1.681 61.971 728 23.318 1.681 61,971 728 24.733 1,246 43,439 758 Totsl Resource5 Expended 8799 87.699 70.17S Net Resources Retsined 16J33} f4Ji 16.3311 9.013 Fund5 at l January 2024 10.581 21.684 32,265 23,252 Funds at 31 December 2024 22.285 25,934 32,26S The statement of finar¢cial actmtres include5 all 83in5 and losses rerognised in the yeaf. All incoming resources and resources expended derNefrom continuing tiVitieS.
PUNGUDLttlVU WELFARE AssoaATION IU.K.) BALANCE SHEET AS AT31 DECEMBER 2024 Current Assets Cash at bank and in haftd Prepayments 26.434 32,265 500 26A34 32.765 Credito Amounts fèlling due within one year Net current Assets 51Kl 25.934 32265 Net Assets 25.934 32.265 Dec-23 The funds tsf the charity Unrestricteij incomefunds.. Restricted income funds- 9110 9110 10.581 21,684 22.285 25.934 32.265 Approved by the trustees and signed on rts behalf by Sinnadurai Kirupananthavel i/J3-/90rt- Page 7
PUNGUDUTIVU INELFARE ASSOCIATION IU.LI The accompanying ac£ounting policies and note5 form part of thesefinancial StateMts. NOTE5 FORMING PARTOF ThE FINANCIAL5TATEMETrifs FOR THE YEAR ENDED 31 DECEMBER 2024 l. Principal knuntln8 Policies {al Basis of attounting The financial statements have been prepared in accordance with Accounting and Rewjrting by Charities.. Statement of Recornmended Prattice applicabletocharitie5 preparing their accounts in accordance with the Financial Reporting Standard applicoble in the UK and Republic of Irdand IFRS 1021 leffective l January 20201- Icharities SORP IFRS 10211. Ibl Going con¢em The trustees have looked ahead for a period in eKcess of 12 month5 from the balance sheet date in fomiing their assessmentthatthe charrty is a goin8 COllCWn. The trustees have a5se5sed the thartVs ability to 0rnte a5 a going concern for the Thext 12 months from the date of Signing the financial statements. The charity will not expense MO ihan the income tr ceIve$, therefore will continueopefatÈn£ on a going concern basis. (Cl Incomlng resources Donations Incorne frorn all Te50uTce5 are based on ornounts receiwdble during the financial perfod, unless they are related to a 5pecrfic future period, in which case theyare deferred. Instment income Income from investments is included in the Statementof Finanual Activtties in the period it is receivable and deferred or accrued accordin8ty. Gift Aid Gift aid reclaimable on donatffts to the charity 15 included wr(hin the amount received Idl Resoyr¢ts expended Expenditu.. All expenditure is included on an accrual basis and 15 recoenised when there 15 a legal orcon5tructive obligation to pay for expÈAdtture_ All costs have been directly attributed to one of the hjnrtional categories of resourcÈs expended in the Statement of Financial Activit£es. Support costs are indirert Costs incurred bn supportin8 the charitable artivitie% and are allocated across the categories of charitable expenditure. All upenditure is shown gr055. inclusive of iTrecovernblevAT. lel Governancè costs Governance costs itJclude those costs aSSLKiated with meetingtheconstitLrtiollal and Statutory requirements of the Charity. lfj Cash and rash eqthlents Cash is represented bycash in hand and de$It$ with financial institutions repayable without penalty on notice of nirt more than 24 hours. Cash equivalents are highly liqutd investments that mature *n no more than three months from the date of acquisition and that are readily convertible to known aTnounts of cash wrch in518nificant risk of change in value. Creditors (gl Short terrn creditors are measured at the tfansartion pri. Other financial liabilities, including bank loans, are measured initially at fair value. net of tran5aLtion costs. and are measured subsequently at amortised tost Using the effective interest method. Ihl Taxation Pun8udutivu Weffare Ass¢xiation (UK) is a re8iSteied charity and accordingly is exefflpt from taxation on its income and gains fallin8 within section 505 of the Taxes Act 1988 or settion 252 of the Taxation of Chargeable Gains Art 1992 to the ektentthatthcse are applied to it5 charitable puttK)5e5. Igl EMOYeeS Page 8 The charity had no employees during 2024
PUNGUDUTIVU WELFARE A550CIATION IU.K.I NOTES FORMING PART OF THE FINANCIAL sfATEMEKtS Iconlinuedl FOR ThE YEAR ENDED 31 DECEMBER 2024 2a Income from donation5 and legacies fund5 funds Totsl Totsl 2024 2023 Subscriptions Donations-Ambulan Donations-Pension Donations-Education Donations-water Tanker Gfft Aids 1.945 1,945 2.665 17.447 2,320 601 11,430 32,080 14,370 11.430 32.080 14,370 16,031 s95 601 60,426 38,463 2b Iwjmefrom tharitable activities Unrestricted Restrirtèd nds funds Total 2024 Total 2022 Annual Event 20.567 20,567 40.437 20,567 20.567 40,437 income frorn in¥estmÈiit Totsl 2024 Total 2023 fvnd% fvndg Bank Intere%t recewable 374 374 288 374 374 Expendire on raisingfunds Total Totsl 2023 funds fvnds Amnual Event Expenses 23.318 23,318 24,733 23.318 23.318 24.733 Expenditure on CharItsb arti¥its Total 2024 Total 2023 funts n¢ts Annual Sports Day Hall Hire Printing Cornputer and Software 72 72 1,358 251 835 225 186 1.358 251 1,246 Page 9
PUNGUDUllVU WELFAREAsOATlON IU.LI NOTES FORMING PART OF THE FINANCIALSfATEMEPITS (Continued) FOR THE YEAR ENDED 310ECEMBER 2024 Go¥emance costs Unrestrirted Restricted funds funds Total 2024 Total 2023 Bank Charges Independent examination fee5 478 478 250 250 728 758 Other expenditure Unresirirteil Re51rirted fvnds funds Totsl 2024 Total 2023 Support to projects in PungudutiVU-Srilanka 61.971 61.971 43,439 61.971 61.971 43A39 The tru5te&s recVed no remuneration and %b*re not reimbursed any of their expenses in the period Creditors Amountslallingduewithin one year Total 2024 Total 2023 Accruals 5(M) 5Tr] 10
PUNGUDUTFVU WELFARE ASSOCIATION IU.LI NOTES FORMING PART OF THE FINANCIAL STATEMEf4TS IContInu) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movements Sn fvnds Totsl 2024 Total 2023 At l January2024 Net increaseldecreasel in funds 32265 163311 23252 9.013 At31 December 2024 25.934 32,265 10 AnatyEis of net assets between fvnds Totsl 2024 Totsl 2023 fund5 Current assets Current liabilities 4.750 Is} 21,684 26A34 150D) 31765 Isoo} 4250 21.684 25,934 32,265 Page11