Kili People Limited
Charity No. 1151262
Company No. 07702324
Trustees' Report and Unaudited Accounts
31 December 2023
Kili People Limited Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 to 3 | |
| Independent Examiner's Report | 4 | |
| Statement of Financial Activities | 5 | |
| Summary Income and Expenditure Account | 6 | |
| Balance Sheet | 7 | |
| Statement of Cash flows | 8 | |
| Notes to the Accounts | 9 to | 14 |
| Detailed Statement of Financial Activities | 15 to | 16 |
Page 1
Kili People Limited Trustees Annual Report
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 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 07702324
Charity No. 1151262
Principal Office
92 Wembley Park Drive Wembley HA9 8HW
Registered Office
92 Wembley Park Drive Wembley HA9 8HW
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:
W.S. Francis
V. Krishnapillai
M. Paramalingam
G. Ramanathan
S. Ratnam
T. Sivalingam
S. Subramaniam
Company Secretary
S. Subramaniam
Accountants
Flexi Financial Accountant
250 Imperial Drive Harrow HA2 7HJ
Bankers
Hsbc Bank Plc 2 Craven Rd Paddington London W2 3PY
Page 2
Kili People Limited Trustees Annual Report
OBJECTIVES AND ACTIVITIES
KILI PEOPLE help health, educational and economical needs who urge for their self-development in North and East cities in Sri Lanka. Gathering of Kilinochchi District People who lives in England and encouraging valuable relationship on next generation of Tamil People KILI PEOPLE works with local non-governmental organisation to establish all the projects in Sri Lanka. KILI PEOPLE has carried out following projects for the financial year.
• Assistance was provided under the umbrella of the Kili People organization’s Amma project, under the concept of “Searching for Medical support for needy People”. This fund was provided to a mother for her medical needs.
• The Kilinochchi General Hospital Name Board was fixed with the support of the Kili People Organization UK.
• A grand sports festival was held under the auspices of Kili People, with the support of the Kilinochchi District Secretariat Sports Division and the Kilinochchi District Sports Associations.
• An electric crematorium was initiated in Kilinochchi for the entire district population. This need arose from the COVID-19 pandemic. The project is expected to continue in the following year as well.
• We continued the Green World Program with 1 million trees and seeds to plant in the Northern and Eastern regions of Sri Lanka under the name of the KARTPAKA PROJECT.
• Under the MISSION FOR EDUCATION, Kili People have facilitated support for the education of students in the homeland.
ACHIEVEMENTS AND PERFORMANCE
We have organised the above projects during the period along with regular projects. We are satisfied with the progress and completion of the projects.
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.
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
M. Paramalingam Trustee
31 December 2023
Page 3
Kill People Limited Indepèndent Examiners Rèport Independent Examiner'5 Report to the trustees of Kill People Limited I report to the charity trustees on my examination of the financial statements of Kill People Limited for the year ended 31 December 2023. Responsibilities and basis of report A5 the charity's trustees of the company land also its directors for the purpose5 of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's firiancial statements as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions Eiven by the Charity Commi55ion under section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in accordance with Section 386 of the 2006 Act,. or the financia1 statements do not accord with those record5,' or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Art other than any requirement that the financial Statements give a 'true and fair, view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Flexl Financl81 Accountw)I Fle.xi H9US 250 I(nrial Drive H8rrow , HA2 7HJ Tel O?I34980265 Mr A Ajitkumar AFA Flexi Financial Accountant 250 Imperial Drive Harrow HA2 7HJ 31 December 2023 PaEe 4
Kili People Limited Statement of Financial Activities
for the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Other 7 Total Net gains on investments Net income/(expenditure) Transfers between funds Net income/(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 2023 £ 105,209 |
Total funds 2023 £ 105,209 |
Total funds 2022 £ 76,195 |
|---|---|---|---|
| 105,209 11,912 73,745 3,807 |
105,209 11,912 73,745 3,807 |
76,195 25,704 52,629 2,899 |
|
| 89,464 - |
89,464 - |
81,232 - |
|
| 15,745 - |
15,745 - |
(5,037) - |
|
| 15,745 | 15,745 | (5,037) | |
| 15,745 12,494 |
15,745 12,494 |
(5,037) 17,531 |
|
| 28,239 | 28,239 | 12,494 |
Page 5
Kili People Limited Summary Income and Expenditure Account
for the year ended 31 December 2023
| Income Gross income for the year Expenditure Total expenditure for the year Net income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2023 £ 105,209 105,209 89,464 89,464 15,745 15,745 |
2022 £ 76,195 |
|---|---|---|
| 76,195 | ||
| 81,232 | ||
| 81,232 | ||
| (5,037) | ||
| (5,037) |
Page 6
Kill People Limited Balance Sheet at 31 Dember 2023 Company No. 07702324 Notes 2023 2022 Current assets Debtors Cash at bank and in hand 18,494 9,745 28,239 1,774 10,743 12,517 1231 12,494 Credltors: Amount falling due within one year io Net current assets 28,239 Total assets less current liabilltles 28,239 12,494 Net assets excluding pension asset or liability 28,239 12,494 Total net assets 28,239 12,494 The funds of the charity Restrl¢ted funds Unrestrlcted funds General funds li li 28.239 12,494 28,239 12,494 Reserves li Total funds 28.239 12,494 These account5 have been prepared in accordance with the Special provlslons of Part 15 of the Companies Act 2006 relatin8 to small companies. For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companie5. 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 31 December 2023 And signed on its behalf by.. S. Subramania Trustee 31 December 2023 PaBe 7
Kili People Limited Statement of Cash flows for the year ended 31 December 2023
| Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Increase in trade and other receivables Decrease in trade and other payables Net cash used in operating activities Net cash from investing activities Net cash from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2023 £ 15,745 (16,720) (23) (998) - - (998) 10,743 9,745 9,745 9,745 |
2022 £ (5,037) (1,224) - |
|---|---|---|
| (6,261) | ||
| - | ||
| - | ||
| (6,261) | ||
| 17,003 | ||
| 10,742 | ||
| 10,743 | ||
| 10,743 |
Page 8
Kili People Limited Notes to the Accounts
for the year ended 31 December 2023
- 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 income charity 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 legacies the 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 revaluation of fixed value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 9
Kili People Limited Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which 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, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and 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.
The charity is exempt from corporation tax on its charitable activities.
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 10
Kili People Limited 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.
2
Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 11
Kili People Limited Notes to the Accounts
| 3 Statement of Financial Activities - prior year Income and endowments from: Donations and legacies Total Expenditure on: Raising funds 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 donations and legacies Donations/Charity Box/HMRC Gift aid Family Support/Walks/Health/Nambikkai Project/Crematorium Mission for Education and Support/Bike/Sports/Ondrukoodal/Events Karpaga Project/Flood Relief/Other Donations |
Unrestricted £ |
Unrestricted funds 2022 £ 76,195 76,195 25,704 52,629 2,899 81,232 (5,037) (5,037) (5,037) 17,531 12,494 Total 2023 £ 25,402 27,844 50,138 1,825 105,209 |
Total funds 2022 £ 76,195 |
|---|---|---|---|
| 76,195 25,704 52,629 2,899 |
|||
| 81,232 | |||
| (5,037) | |||
| (5,037) | |||
| (5,037) 17,531 |
|||
| 12,494 | |||
| Total 2022 £ 3,041 17,650 54,424 1,080 |
|||
| 25,402 | |||
| 27,844 | |||
| 50,138 | |||
| 1,825 | |||
| 105,209 | 76,195 |
Page 12
Kili People Limited Notes to the Accounts
| 5 Expenditure on raising funds Costs of generating voluntary income Mission for Education and Support/Bike/Sports/Ondrukoodal/Events 6 Expenditure on charitable activities Expenditure on charitable activities Tree Planting/Other Projects Self-employed/Crematorium Family Support/Bike/SOAS Governance costs 7 Other expenditure Employee costs General administrative costs 8 Staff costs No employee received emoluments in excess of £60,000. 9 Debtors Other debtors 10 Creditors: amounts falling due within one year Accruals |
Unrestricted £ 11,912 |
Total 2023 £ 11,912 11,912 Total 2023 £ 5,438 32,031 36,276 73,745 Total 2023 £ 687 3,120 3,807 |
Total 2022 £ 25,704 |
|---|---|---|---|
| 11,912 | 25,704 | ||
| Unrestricted £ 5,438 32,031 36,276 |
Total 2022 £ 6,149 13,300 33,180 |
||
| 73,745 | 52,629 | ||
| Unrestricted £ 687 3,120 |
Total 2022 £ 517 2,382 |
||
| 3,807 | 2,899 | ||
| 2023 £ 18,494 |
2022 £ 1,774 |
||
| 18,494 | 1,774 | ||
| 2023 £ - |
2022 £ 23 |
||
| - | 23 |
Page 13
Kili People Limited Notes to the Accounts
11 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 12 Analysis of net assets between funds Net current assets 13 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 January 2023 12,494 |
Incoming resources (including other gains/losses) £ |
Resources expended £ (89,464) (89,464) Unrestricted funds £ 28,239 28,239 Cash flows £ |
At 31 December 2023 £ 28,239 |
|---|---|---|---|---|
| 105,209 | ||||
| 12,494 | 105,209 | 28,239 | ||
| At 1 January 2023 £ |
Total £ 28,239 |
|||
| 28,239 | ||||
| At 31 December 2023 £ |
||||
| 10,743 | (998) | 9,745 | ||
| 10,743 | (998) (998) |
9,745 | ||
| 10,743 | 9,745 | |||
| 14 Related party disclosures Controlling party |
Page 14
Kili People Limited Detailed Statement of Financial Activities
for the year ended 31 December 2023
| Income and endowments from: Donations and legacies Donations/Charity Box/HMRC Gift aid Family Support/Walks/Health/Nambikkai Project/Crematorium Karpaga Project/Flood Relief/Other Donations Total income and endowments Expenditure on: Costs of generating donations and legacies Total of expenditure on raising funds Charitable activities Tree Planting/Other Projects Self-employed/Crematorium Family Support/Bike/SOAS Total of expenditure on charitable activities Employee costs Temporary staff Mission for Education and Support/Bike/Sports/Ondrukoodal/ Events Mission for Education and Support/Bike/Sports/Ondrukoodal/ Events |
Unrestricted funds 2023 £ 25,402 27,844 50,138 1,825 105,209 105,209 11,912 11,912 11,912 5,438 32,031 36,276 73,745 73,745 687 687 |
Total funds 2023 £ 25,402 27,844 50,138 1,825 105,209 105,209 11,912 11,912 11,912 5,438 32,031 36,276 73,745 73,745 687 687 |
Total funds 2022 £ 3,041 17,650 54,424 1,080 |
|---|---|---|---|
| 76,195 | |||
| 76,195 25,704 |
|||
| 25,704 | |||
| 25,704 6,149 13,300 33,180 |
|||
| 52,629 | |||
| 52,629 517 |
|||
| 517 |
Page 15
Kili People Limited Detailed Statement of Financial Activities
| General administrative costs, including depreciation and amortisation Bank charges Software, IT support and related costs Stationery and printing Subscriptions Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
1,712 475 737 196 3,120 3,807 89,464 - 15,745 15,745 - 15,745 12,494 28,239 |
1,712 475 737 196 3,120 3,807 89,464 - 15,745 15,745 - 15,745 12,494 28,239 |
2,110 146 113 13 |
|---|---|---|---|
| 2,382 | |||
| 2,899 | |||
| 81,232 - |
|||
| (5,037) | |||
| (5,037) - |
|||
| (5,037) | |||
| 17,531 | |||
| 12,494 |
Page 16