## **Ella Kanthan Trust**
**Charity No. 1145652**
**Company No. 07729789**
**Trustees' Report and Unaudited Accounts**
**31 August 2022**
**Ella Kanthan Trust Contents**
||Pages|
|---|---|
|Trustees' Annual Report|1|
|Statement of Financial Activities|2|
|Summary Income and Expenditure Account|3|
|Balance Sheet|4|
|Notes to the Accounts|5|
|Detailed Statement of Financial Activities|6 to 9|
Page 1
**Ella Kanthan Trust Trustees Annual Report**
## Eellakkanthan Thirukkovil
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 07729789**
## **Charity No. 1145652**
## **Registered Office**
Unit 1 2 Lythalls Lane Coventry England CV6 6FG
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Kathirkamathamby Ragunathan Thiyagarajah Ravendrakumar Vasanthy Gunasena
## **Directors of Corporate Trustees**
Gunasena Vasanthy Kajan Thayalan Ragunathan Kathirkamathamby Ravendrakumar Thiyagarajah
## **Accountants**
Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG6 2LD
## **Bankers**
HSBC Bank Plc 422 Foleshill Road West Midlands Coventry CV6 5AL
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
**Ella Kanthan Trust Trustees Annual Report**
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Thiyagarajah Ravendrakumar Trustee 01 June 2023
Page 3
**Ella Kanthan Trust Statement of Financial Activities**
## **for the year ended 31 August 2022**
|**Notes**
**Income and endowments**
**from:**
Charitable activities
4
Other
5
**Total**
**Expenditure on:**
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net expenditure**
8
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
41,471
8,171|**Total funds**
**2022**
**£**
41,471
8,171|**Total funds**
**2021**
**£**
24,616
12,185|
|---|---|---|---|
||49,642
3,228
81,674|49,642
3,228
81,674|36,801
2,246
53,694|
||84,902
-|84,902
-|55,940
-|
||(35,260)
-|(35,260)
-|(19,139)
-|
||(35,260)|(35,260)|(19,139)|
||(35,260)
(55,767)|(35,260)
(55,767)|(19,139)
(36,628)|
||(91,027)|(91,027)|(55,767)|
Page 4
**Ella Kanthan Trust Summary Income and Expenditure Account**
## **for the year ended 31 August 2022**
|Income
**Gross income for the year**
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net expenditure before tax for the year
**Net expenditure for the year**|**2022**
**£**
49,642
49,642
83,688
331
883
84,902
(35,260)
(35,260)|**2021**
**£**
36,801|
|---|---|---|
|||36,801|
|||54,897
62
981|
|||55,940|
|||(19,139)|
|||(19,139)|
Page 5
**Ella Kanthan Trust Balance Sheet**
## **at 31 August 2022**
|**Company No.**
**07729789**
**Notes**
**2022**
**£**
**Fixed assets**
Tangible assets
10
7,942
7,942
**Current assets**
Cash at bank and in hand
1,000
1,000
**Creditors:**Amount falling due within one year
11
(15,006)
**Net current liabilities**
(14,006)
**Total assets less current liabilities**
(6,064)
**Creditors:**Amounts falling due after more than one year
12
(84,963)
**Net liabilities excluding pension asset or liability**
(91,027)
**Total net liabilities**
(91,027)
**The funds of the charity**
**Restricted funds**
13
**Unrestricted funds**
13
General funds
(91,027)
(91,027)
**Reserves**
13
**Total funds**
(91,027)|**2021**
**£**
8,825|
|---|---|
||8,825
5,259|
||5,259
(11,784)|
||(6,525)
2,300
(58,067)|
||(55,767)|
||(55,767)|
||(55,767)|
||(55,767)|
||(55,767)|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 August 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 01 June 2023
And signed on its behalf by:
Thiyagarajah Ravendrakumar Trustee
01 June 2023
Page 6
**Ella Kanthan Trust Notes to the Accounts**
## **for the year ended 31 August 2022**
- 1 **Accounting policies**
## **Basis of preparation**
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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**Ella Kanthan Trust Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and Machinery 10% Reducing balance
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 8
**Ella Kanthan Trust Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 9
**Ella Kanthan Trust Notes to the Accounts**
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Charitable activities
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from charitable activities**
Charitable Activities
5
**Other income**
Other Income|**Unrestricted**
**£**
41,471
41,471
**Unrestricted**
**£**
8,171
8,171|**Unrestricted**
**funds**
**2021**
**£**
24,616
12,185
36,801
2,246
53,694
55,940
(19,139)
(19,139)
(19,139)
(36,628)
(55,767)
**Total**
**2022**
**£**
41,471
41,471
**Total**
**2022**
**£**
8,171
8,171|**Total funds**
**2021**
**£**
24,616
12,185|
||||36,801
2,246
53,694|
||||55,940|
||||(19,139)|
||||(19,139)|
||||(19,139)
(36,628)|
||||(55,767)|
||||**Total**
**2021**
**£**
24,616|
||||24,616|
||||**Total**
**2021**
**£**
12,185|
||||12,185|
Page 10
**Ella Kanthan Trust Notes to the Accounts**
6 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Charitable Activities
_Governance costs_
7
**Other expenditure**
Bank loan and overdraft
interest payable
Employee costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
**Net expenditure before transfers**
This is stated after charging:
Depreciation of owned fixed assets
9
**Staff costs**
Salaries and wages
Pension costs|**Unrestricted**
**£**
3,228
3,228
**Unrestricted**
**£**
331
30,408
36,908
883
6,911
6,233
81,674
**2022**
**£**
883
**2022**
29,996
412
30,408|**Total**
**2022**
**£**
3,228
3,228
**Total**
**2022**
**£**
331
30,408
36,908
883
6,911
6,233
81,674|**Total**
**2021**
**£**
2,246|
|---|---|---|---|
||||2,246|
||||**Total**
**2021**
**£**
62
6,847
37,211
981
4,787
3,806|
||||53,694|
||||**2021**
**£**
981
**2021**
6,847
-|
||||6,847|
No employee received emoluments in excess of £60,000.
Page 11
**Ella Kanthan Trust Notes to the Accounts**
## 10 **Tangible fixed assets**
|**Plant and**
**Machinery**
**£**
**Cost or revaluation**
At 1 September 2021
25,312
At 31 August 2022
25,312
**Depreciation and**
**impairment**
At 1 September 2021
16,487
Depreciation charge for the
year
883
At 31 August 2022
17,370
**Net book values**
At 31 August 2022
7,942
At 31 August 2021
8,825
11 **Creditors:**
amounts falling due within one year
Bank loans and overdrafts
Other taxes and social security
Other creditors
Accruals
12 **Creditors:**
amounts falling due after more than one year
Bank loans and overdrafts
Loans from trustees|**TFA 3**
**£**
-
-
-
-
-
-
-
**2022**
**£**
240
518
12,808
1,440
15,006
**2022**
**£**
11,665
73,298
84,963|**TFA 4**
**£**
-
-
-
-
-
-
-|**Total**
**£**
25,312|
|---|---|---|---|
||||25,312|
||||16,487
883|
||||17,370|
||||7,942|
||||8,825|
||||**2021**
**£**
-
3
10,541
1,240|
||||11,784|
||||**2021**
**£**
14,529
43,538|
||||58,067|
Page 12
**Ella Kanthan Trust Notes to the Accounts**
## 13 **Movement in funds**
|**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
14 **Analysis of net assets between funds**
Fixed assets
Net current assets
Creditors due in more than one year
15 **Reconciliation of net debt**
Cash and cash equivalents
Bank overdrafts
Bank loans
Net debt|**At 1**
**September**
**2021**
(55,767)
(55,767)|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
49,642
49,642
**Unrestricted**
**funds**
**£**
-
(14,006)
(84,963)
(98,969)
**At 1**
**September**
**2021**
**£**|**Resources**
**expended**
**£**
(84,902)
(84,902)
**Restricted**
**funds**
**£**
7,942
-
-
7,942
**Cash flows**
**£**|**At 31**
**August**
**2022**
**£**
(91,027)|
|---|---|---|---|---|
|||||(91,027)|
|||||**Total**
**£**
7,942
(14,006)
(84,963)|
|||||(91,027)|
|||||**At 31**
**August**
**2022**
**£**|
|||5,259|(4,259)|1,000|
|||-|(240)|(240)|
|||5,259
(14,529)
(14,529)
(9,270)|(4,499)
2,864
2,864
(1,635)|760
(11,665)|
|||||(11,665)|
|||||(10,905)|
Page 13
**Ella Kanthan Trust Notes to the Accounts**
## 16 **Commitments**
## _**Operating lease commitments**_
Annual commitments under non-cancellable operating leases are as follows:
|**2022**
**2022**
**2021**
**Land and**
**buildings**
**Other**
**Land and**
**buildings**
**£**
**£**
**£**
Operating leases with expiry date:
**_Pension commitments_**
**2022**
**£**
The pension cost charge to the company
amounted to:
412
17 **Related party disclosures**
_Name of related party_
Mr T Ravendrakumar
_Description of relationship_
_between the parties_
Director and trustee of the company
_Name of related party_
Mr K Thayalan
_Description of relationship_
_between the parties_
Director of the company
_Name of related party_
Mr K Ragunathan
_Description of relationship_
_between the parties_
Director and trustee of the company
_Name of related party_
Mrs G Vasanthy
_Description of relationship_
_between the parties_
Director and trustee of the company
_Name of related party_
Mr S Makinthan
_Description of relationship_
_between the parties_
Director of the company
**_Controlling party_**|**2021**
**Other**
**£**
**2021**
**£**
-|
|---|---|
|||
Page 14
**Ella Kanthan Trust Detailed Statement of Financial Activities**
## **for the year ended 31 August 2022**
|**Income and endowments from:**
Charitable activities
Charitable Activities
Other
Other Income
**Total income and endowments**
**Expenditure on:**
Charitable activities
Charitable Activities
**Total of expenditure on charitable**
**activities**
Other expenditure
Bank loan and overdraft interest
payable
Employee costs
Salaries/wages
Pension costs
Premises costs
Rent
Light, heat and power
Water
Premises repairs
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
Machinery
Bank charges
Service charge
General insurances
Information and Publications
Postage and couriers
Stationery and printing
General expenses|**Unrestricted**
**funds**
**2022**
**£**
41,471
41,471
8,171
8,171
49,642
3,228
3,228
3,228
331
331
29,996
412
30,408
18,360
1,079
417
17,052
36,908
883
150
-
436
200
-
97
5,526|**Total funds**
**2022**
**£**
41,471
41,471
8,171
8,171
49,642
3,228
3,228
3,228
331
331
29,996
412
30,408
18,360
1,079
417
17,052
36,908
883
150
-
436
200
-
97
5,526|**Total funds**
**2021**
**£**
24,616|
|---|---|---|---|
||||24,616|
||||12,185|
||||12,185|
||||36,801
2,246|
||||2,246|
||||2,246
62|
||||62|
||||6,847
-|
||||6,847|
||||29,960
893
492
5,866|
||||37,211|
||||981
-
2,820
486
-
79
-
1,000|
Page 15
## **Ella Kanthan Trust**
## **Detailed Statement of Financial Activities**
|**Ella Kanthan Trust**
**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|502
7,794
800
5,433
6,233
81,674
84,902
-
(35,260)
(35,260)
-
(35,260)
(55,767)
(91,027)|502
7,794
800
5,433
6,233
81,674
84,902
-
(35,260)
(35,260)
-
(35,260)
(55,767)
(91,027)|402|
||||5,768|
||||800
3,006|
||||3,806|
|||||
||||53,694|
||||55,940
-|
||||(19,139)|
||||(19,139)
-|
||||(19,139)|
||||(36,628)|
||||(55,767)|
Page 16