| Page | ||
|---|---|---|
| Reference and administrative | details ofthe charity, | |
| its trustees and advisors |
||
| Report ofthe trustees | 2 —7 | |
| Independent Auditor's Report |
8 —10 | |
| Statement offinancial activities | ||
| Balance sheet | 12 | |
| Statement ofcash flows | 13 | |
| Notes to the flnancial statements | 14-19 |
Vichai Srivaddhanaprabha Foundation Limited Independent audltor's report to the members of Vichai Srivaddhanaprabha Foundation Limited (continued) Practlce. th¢ Compani¢s A¢t 2006, the Charities Act 2011) and th¢ r¢levath ¢ompliaDce regulations in th¢ jurisdiction in which the Company operates. We enquired of manag¢m¢nt, whether they wtre aware of any instances of non•compliance with laws and regulations or whether they had any knowledge of acty81, suspected or alleged fraud,. We as$ess¢d the susceptibility of th¢ entity's finan¢ial statements to material misstatemenL including how fraud might occur., Ourtesting ¢onsidered unusual or unexpe¢t¢d Journ entries on a sample basis., We evaluated the a53umptions ond judgcments used by manag¢ment within signifieAnt &ceounting estimates and assessing if th¢s¢ indicate evidence of m8n8g¢ment bias., We t¢st¢d significani transactions, in parti¢ul8r ih¢ ¢valuation of the business rationale for any which appear unusual or outside the eompgny's DOrn] ¢ourse of busine55' We &8sesied the appropriateThess of the collectiv¢ ¢omp¢ten¢c and CApabilities of the engagement t¢am by understanding the practical experience with 8udit ¢ngog¢ments of a sirnilat nature and ¢ompl¢xity, plus ¢nsuring the te8m had appropriatc and relevant training of the fiftaneiil Teporting fr8m¢woTk and th¢ relevant tax ¢omplian¢¢ rc¥ulations specific to the eniity. We review¢d th¢ financial stateTnents and iested th¢ disclosures against supporting documentation: and We communicated relevatbt matters 10 All m¢rnbcrs of the &udit team tt) enjre th¢y Unders0d th¢ risks spe¢ifi¢ to the entity artd the audit pro¢edures planned to mitl8ate these. B¢¢ause of the inherent limitations of 8n audil, there is & risk that we will not detect all irregularlties. ineluding those leadyn8 to a material mi$8tat¢ment in th¢ finunci415tatement$ or non-¢omplian¢e with regulatiort. This risk incre&s¢s the rnor¢ that ¢omplian¢¢ with a law Lir rcgulation 18 removed from the events and tr#ttsaLtion5 r¢fle¢t¢d in the fin8n¢ial ststem¢nts, ag we will be less likely to be¢ome aware of insl&iJccs of non-compliwnee. The risk is also greater r¢8arding irregularities oc¢urrin8 due to fr4ud Tather than error, a8 fraud involv¢s intentional ncealOnI, for¥cry, eollusiott. omission or misrepre$¢nlation. A furthcr d¢3¢riplion of our responsibilitie$ is avallabl¢ on th¢ Financial Reporting Counell'5 web51te 41.. h¢ip$'./lwww.frc.org.uklauditor&l8udits8Ur4nCeIud1lor-S-rC$po8IbIlit1es.for.th?udItQr-th¢-rd¢sQnpt10nry0f-th auditoffAE2°A8OV•99s-respon$ibilitlu.for. This des¢ription form$ part of our auditor's report. U% of our repDrt This r¢port 1$ made yolely to the ¢haritable cornpany'j m¢mb¢r8 as a body in arcordance with Chapter 3 of Part 16 of the Compani¢s Act 2006. Our wdit work h¥$ been undertakcrt so that we mi8ht State to the ¢haritabl¢ Company's members th0 mAtters we required to slole tu them in an auditor'8 report and for no oth¢r purpos¢. To the fulleyt extent perniitt¢d by law. we do noi accept or assume resportsibility to anyone other than The Charitable ¢ompany aftd the ¢horitable company's members as a body, forour Audit worK for thi$ report. or for the opinions we hwe fornjed. Mrs L G Parkes FCA FCCA Senior Stabjtory Auditor for and on behalf of The Rowl¢ys Parthership Ltd Statutory Auditor, Chartered Actounthnts Charnwood Hous¢, Har¢ourt Way, Meridian Busin$ Park Leicester. LB19 IWP Dat¢: 294L * J&2(fr 10
| 13months | 13months | 13months | Year ended | Year ended | Year ended | ||
|---|---|---|---|---|---|---|---|
| ended 30June 2023 |
ended 30 June 2023 |
ended 30June 2023 |
31May 2022 | 31May 2022 | 31May 2022 | ||
| Unrestricted | Restricted | Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | Funds | Funds | ||||
| Note | f. | ||||||
| INCOME FROM: | |||||||
| Donations and subscriptions |
14,202 | 149202 | 46,032 | 1,000,000 | 1,046,032 | ||
| Charitable activities |
|||||||
| Fundraising Events |
4 | 44,209 | 12,16$ | 56477 | 26,837 | 2$,$79 | 55,716 |
| TOTAL INCOME | 58,411 | 12,168 | 70,579 | 72,869 | 1,028,879 | 1,101,748 | |
| EXPENDITURE | |||||||
| ON: | |||||||
| Raising Funds | 5 | 1,698 | 1,698 | 5,169 | 5,169 | ||
| Charitable activities |
|||||||
| Grants payable | 6 | 19,054 | 19,054 | 13,980 | 1,033,022 | 1,047,002 | |
| Support costs | 7 | 8,760 | 8,760 | $,280 | $,280 | ||
| TOTAL EXPENDITURE |
10,45$ | 19,054 | 29,512 | 27,429 | 1,033,022 | 1,060,451 | |
| NET INCOME/ (EXPENDITURE) |
47,953 | (6,$86) | 41,067 | 45,440 | (4,143) | 41,297 | |
| Transfer between funds |
(7,030) | 7,030 | (4,143) | 4,143 | |||
| NET MOVEMENT | 40,923 | 144 | 41,067 | 41,297 | 41,297 | ||
| INFUNDS | |||||||
| TOTAL FUNDS AT I JUNE 2022 |
188489 | 188,289 | 146,992 | 146,992 | |||
| TOTAL FUNDS AT 30JUNE 2023 |
229412 | 144 | 229,356 | 188,2$9 | 188,2$9 |
| 30June2023 | 31May 2022 | |||||
|---|---|---|---|---|---|---|
| Note | 8 | |||||
| Current | assets | |||||
| Debtors | 14440 | 1,048,893 | ||||
| Cash at | bank | 245i689 | 176,555 | |||
| 260,029 | 1,225,448 | |||||
| Creditors: amounts | falling due within one year | 10 | (30,673) | (1,037,159) | ||
| Net assets | 229,356 | 1$8,289 | ||||
| Charity | funds | |||||
| Restricted Funds | 12 | 144 | ||||
| Unrestricted | funds | 12 | 229412 | 188,289 | ||
| 229456 | 188,2$9 |
| 13months ended30 June 2023 |
Year ended 31Ma 2022 y |
|||
|---|---|---|---|---|
| Cash flows from operating | activities: | |||
| Net income for the reporting | period | 41,067 | 41,297 | |
| Adjustments for: |
||||
| Decrease/(increase) in debtors |
1,034,553 | (1,048,893) | ||
| (Decrease)/Increase in creditors |
(Ie006a486) | 815,582 | ||
| Net cash provided by operating activities and change in cash in the |
||||
| reporting period |
69,134 | (192,014) | ||
| Cash at the beginning ofthe | reporting | period | 176,555 | 368,569 |
| Cash at the end ofreporting | period | 245,689 | 176,555 |
| 13months ended | 13months | ended | 13months ended | Year ended | Year ended | Year ended | |
|---|---|---|---|---|---|---|---|
| 30June 2023 | 30June 2023 | 30June 2023 | 31May 2022 | 31May 2022 | 31May 2022 | ||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| 8 | |||||||
| Donations | 14,202 | 14402 | 46,032 | 1,000,000 | 1,046,032 | ||
| 14202 | 14202 | 46032 | 1000 000 | 1046 032 |
| 13months | ended | 13months ended | 13months | ended | Year ended | Year ended | Year ended | |
|---|---|---|---|---|---|---|---|---|
| 30June 2023 | 30June 2023 | 30June 2023 | 31May 2022 | 31May 2022 | 31May 2022 | |||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| 8 | K | 5 | ||||||
| End ofSeason Run | 2,716 | 2)716 | 14,539 | 14,539 | ||||
| British Legion | 14,340 | 14,340 | ||||||
| Gilt for Children | 6)750 | 6,750 | 6,250 | 6,250 | ||||
| Other fundraising | ||||||||
| activities | 2,742 | 2,702 | 5,444 | 1,465 | 1,465 | |||
| End ofseason events | 5,356 | 5,356 | 15,974 | 15,974 | ||||
| Marathon Run |
36,111 | 36,111 | ||||||
| Run to Wcmbley | 3,148 | 3,148 | ||||||
| 44 09 | 12,168 | 56,377 | 26,837 | 28879 | 55,716 |
| 13months | ended | 13months ended | 13months ended | Year ended | Year ended | Year ended | ||
|---|---|---|---|---|---|---|---|---|
| 30June 2023 | 30June 2023 | 30June 2023 | 31May 2022 | 31May 2022 | 31May 2022 | |||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| f. | ||||||||
| Cost of | activities to | |||||||
| generate | funds | 779 | 779 | 4,13$ | 4,138 | |||
| Just Giving Costs | 919 | 919 | 1,031 | 1,031 | ||||
| 1698 | 1698 | 5 169 | 5.169 |
| Charitable a |
ctivities | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 13months | ended | 13months | ended | 13months | ended | Year ended | Year ended | Year ended | |
| 30June 2023 | 30June 2023 | 30June 2023 | 31May 2022 | 31May 2022 | 31May 2022 | ||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||
| 8 | 6 | ||||||||
| British Legion | 18,483 | 18,483 | |||||||
| iPads for Hospital | 2,658 | 2,658 | |||||||
| Bodie Hodges | |||||||||
| Foundation | 11,322 | 11,322 | |||||||
| Leicester Hospital | 12,448 | 12,448 | 1,014,539 | 1,014,539 | |||||
| Gilt for Children | 6,606 | 6,606 | |||||||
| 19054 | 19.054 | 139$0 | 1033022 | 1,047,002 |
| 13months | ended | 13months | ended | 13months | ended | Year ended | Year ended | Year ended | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 30June 2023 | 30June 2023 | 30June 2023 | 31May 2022 | 31May 2022 | 31May 2022 | |||||
| Governance | costs | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| f. | ||||||||||
| Audit Fees | 8,760 | 8,760 | 8,280 | 8,280 | ||||||
| 8760 | 8760 | 8280 | 8,280 |
| At 01/06/22 | Income | Expenditure | Transfers | At 30/06/23 | ||
|---|---|---|---|---|---|---|
| 6 | E | |||||
| Restricted funds: | ||||||
| Leicester Hospital | 5,418 | (12,448) | 7,030 | |||
| Gills for Children | 6,750 | (6,606) | 144 | |||
| Unrestricted | funds: | |||||
| General Funds | 188,289 | 58,411 | (10,458) | (7,030) | 229,212 | |
| 188289 | 70,579 | 29,512 | 229,356 | |||
| 3 Analysis ofNet Assets |
||||||
| 30June 2023 | 30June 2023 | 30June 2023 | 31May 2022 | |||
| Unrestricted | Restricted | |||||
| Funds | Funds | Total Funds | Total Funds | |||
| Net current assets | 229412 | 229,356 | 188,289 | |||
| 229 12 |
144 | 229 56 | 188 89 |