Chari istration No 1165748 COVENTRY KERALA COMLIIUNITY iINAUDITED FINAI¥4CIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
COVENTRY KERALA COMTrIUNITY Contents of the Flnaneial Statemellts for the year ended 30 June 2024 Page Report of the Trustees St&tement of Ffillallclal Activites Ba]ante Sheet Internal Auditors Report Notes to the Financial Statements 9-11
COVENTRY KERALA COMMUNITY TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2024 The Trnstees present their report with the financial statements of the charity for the year ended 30 June 2024. The trnstees have adopted the provisons of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in March 2005. REFERENCE AND ADMtNISTRATIVE DETAILS Registered Charity Number is 1165748 istered Office 3 Skipworth Road, Binley, Coventry CV3 2XA Chari Trustees Bipin Lukose Pandasserll (Chaiman) Johnson Yohannan (Secretary) Raju Joseph (Vice Chairmall) Paulson Mathai (Joint Svretsry) Jimmy Jaeob (Treasurer) Ja¢ob Stephen (Joint Treasurer) STRUCTURE, GOVERNANCE, AND MANAGEMENT Governing Document The Charity is controlled by its governing documents, a constitution adopted on 25 Febrnary 2016. Appointment of Trustees All the Trustees are appointed at the Annual General Body Meeting of the Charity on 20 May 2023 Risk Management Th¢ Trustees have a duty to identify and review the risks to which the charity exposed and to ensure appropiate controls are in place to provide reasonable assurance against fraud and error. Current BankAccouDt The Charity operartes one bank cuurent account for day to day running ( Acc No 05655086) and an Aid Appeal Account ( Acc No 49348962) and one Reserve Account (No 56619660) Fillaclal Year Finanacial year for the above baord of trustees exented to 30 June 2024 from 31 March 2024
Po8e4 COVENTrY KERALA COMMUNITY TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2024 ORJECTIVES AND ACTIVITIES Objectives and Aims The main objective of the charity is to promote Social. Cultural. Economic and Community Development in the ethinc minority Community (mainly Kerala Expatriates) and enhance integration of ihe community to the United Kingdom The main activities of the Charity are organising cultural, sport and family events during the year The Charity is run by volunteers. without remuneration. No salary paid to the trustees during the year FINANCIAL REVIEW Reserves Policy The Charity reserves are held to fund its current and future activities. The retained surplus of the charity as of 30 June 2024 was £20.511 (£16.101 as on 31 March 2023.)which inculdes Restricted and Desiganted Funds On 10 March 2019 charity desIated a fund towards Capital and Buildin& whi¢h accumulated £20,511 as of 30 June 2024,with futher contributions which only used by the pemission of the nornial general body for the aquisltion of capital assets to the charity not for the day to day charity running expenses. The Charity has a restricted fund from the charity collection during the events and that fund stands at 30 June 2024 is £1,020. (£999 as on 31 MarcFt 2023) Funds In deficit There is no funds in deficit Principal Funding Source5 The Charity principal sourees of funds are income from subcription, sponsorship for the events, rnffle contribution from the members for the events. Charity Donation Appeals Programmes during the Year Membership Campagin conduted during May to June 2023, Kerala Harvest Festival ( Onam) programm¢ organised on 02 September 2023. Sports Day and Gatnes day conduted on 24 June 2023 and O l July 2023 respectively Charity Fund rais¢r ( Stage Show) organised on 09 July 2023. One Day trip to Skegness oragnised on 22 July 2023. New year Cultural Programme( New year & Chirstmas) was conducted on 30 Decetnber 2023 Charity Culturnl Programme ( Vishu & Easter) was organised on 20 April 2024 Charity ordnised & fund r&si¢r for a cancer patient in our community and raised £4,526 and handed over accordingly
COVENTRY KERALA COMMUNITY TRUSTEES REPORT FOR THE YEAR ENDED 30TH JUNE 2024 Tru$tees' responsibilities for the fiDancial statements The Trustees are required to prepare financial statements for each financial year which give a tru¢ and fair view of the state of affair5 of the Charity and of the incom¢ and expenditure for that period. In preparing those financial statemettts the Trustees are required to- select suitable accounting policies and then apply them consistently. observe the methods and principles tn the applieable Charities SORP. make judgements and estimates thal are reasonable and prudent; * state whether applicable accounting standards and statements of rQMMended practice have been followed. and. prepare the accounts on the going ¢on¢ern basis unless it is inappropriate to presume that the Charity will continue its op¢rations. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuraey at any time the financial position of the Trust and to enable them to ensure that the account5 comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the trust deed They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OF THE RUSTEES AND CHARITY Johnsoll YohAnnAn Trustee and Secretary 01 September 2024
COVENTRY KERALA COMhtUNITY STATEME OF FINAJYCIAL ACTIVITES FOR THE YEAR ENDED 30 JUNE 2024 2024 Total Funds 2023 Total Funds Unrestricted Restricted Funds Funds Noti INCOMING RESOURCES Incoming r0re¢S from generated funds Stewardship Income Sponsorship Income Events Income Gift Aid Income Aid Appeal Income Other Income 8,790 10.616 18,672 4.132 8,790 10,616 18,672 4,132 4.526 429 2.360 7,670 10,565 li 4,526 429 98 Total Incoming Resources 42,639 4526 47,165 20,693 RESOURCES EXPEIYDED Cost of generating funds Cost and expenses of generating income Governing Expense Aid Appeal Contributions Other Resources expanded 36,284 1,270 36,284 1,270 4.506 170 17,926 752 4,506 170 87 Total R¢soure¢s Expanded 37,724 406 42,230 18,765 NET INCOMING RESOURCES BEFORE TRANSFERS 4,915 20 4.935 1,928 Gross trausfer5 betiveen funds Iyet incoming l (outgofikng) resourees 4,915 20 4,935 1,928 RECONCILIATION OF FUNDS Total funds brought forward 19,100 17.172 TOTAL FUNDS CARRIED FORWARD 4,915 20 24,035 19,100
COVENTRY KERALA COMMUNITY BALANCE SHEET AS AT 30 JUNE 2024 2024 Total Funds 2023 Total Funds Unrestricted Restricted Funds Funds Notf FIXED ASSETS Tangible Assets CURRENT ASSETS Debtors Cash in Hand C&8h at bank- cUent Account Cash at bank- Reserve Account 433 2.071 433 3,091 20,511 24,035 1.020 20,511 21,531 2,999 16.101 19,100 2504 CRED)RS. Amounts falllng due withill one year NET CURRENT ASSESTS 2,504 21,531 24,035 19.100 TOTAL ASSETS LESS CURRENT LIABILITIE 2.504 21,53E 24,035 19,100 NET ASSETS 2,504 21,531 24,035 19,100 Unrestricted Funds Desiganted Fund(Fixed Asset Reserve) Restricted Funds 2,504 2,504 20,511 1.020 2,000 16,IOE 999 20,5II 1,020 TOTAL FUNDS 2,504 21531 24,035 19,100 The financial statement were approved by General Body Meeting on 01 Sep 2024 and were signed on its behf by Bipill Lukose Trustee and Cb&lrman Jimmy Jacob Trust¢¢ Raju Joseph Trustee
COVENTRY KERALA COMMUNITY INTERAL AUDfToRS REPORT TO THE TRUSTEES FOR THE YEAR EI¥DED 30TH JUNE 2024 We have examined the Income and Expenditure Accounts of the Coventry Kerala Community (CKC) for the year ended 30 June 2024. We obtained infomiation and explantions. which to the best of our knowlegde and belief were necessary for the purpose of the audit. We auditors have taken the reponsibility of expressing our opinion on the financial statements prepared by the Trustees, which inculdes assessing the accounting principles. In our opinion, the financial statemenls give a true and fair view from the information received and explantions provided to us. Mr Abraham Kurien Internal Auditor Mr Mathew Daniel Internal Auditor
Pu8e P COVENTRY KERALA commuNy NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 Aecounting Polficles Basis of a¢countiJJg The financial statements have been prepared under the historical accounting rules and in accord2nce with the Financial Reporting Standard for Stnaller Entities (effective April 2008) the Charties Act 2011 and the requirements of the Satament of Recommended Practice, AG¢ounting and Reporting by Charities Depre¢iation Depreciation of fixed assets is calculated to write off their cost or valuation less any residual value over their estimated useful lives as follows, Tangible Assets Computer Equipments 200/0 straight line basis straight line basis Taxatio The Charity is exempt from tsx on its charitable activities Incomftng Resources All incoming resources are included on the statement of Financial Activities when the charity is legally enlitled to the income and th¢ amount be quantified with reasonable accurdcy. Resources Expanded Expenditure is accounted for on an accura15 basis and has been classified under headings that awegate all cost related to the category, where cost8 cannot be diredlry attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Fund Aecountlng Unrestricted funds can be used in accordance with the chartiable objectives at th¢ di5¢retion of the lrnstees Restricted funds c&n only be used for p8rtieulAr restricted purposes within the objects of the charity Restrictions arise when specified by the donor or when funds are raised or sury)lus retain for particluar restricted purposes and further approval of the AGM PqgeJO
COVETr4TRY KERALA COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 Trustees Remuneralion and Bellefits There were no Irustees remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 31 March 2023. Trustees Expenses There were no trustees expenses paid for the year ended 30 June 2024 nor for the year ended 31 March 2023. Events Illeome 2024 2023 Event I Stageshow Fund Raiser Event 2 - Onam Cultural Programme Event 3 - Sports &Games Day Event 4- New Year Cultural Programm¢ Event 5 - One Day Trip Event 6 - Charity Culturdl Programrne Event 7 - 4,645 9,137 400 8,635 3.360 1.130 1,420 510 Events Expense 2024 2023 Event l - Stageshow Fund Raiser Event 2 - Onam Cultural Programme Event 3 - Sports &Games Day Event 4 - New Y¢ar Cultural Programme Event 5 - One Day Trip Event 6 - Charity Cultural PrOamMe Event 7 - 2,586 16,024 1,616 10.252 3,292 2,514 251 11,169 106 1.440 4,960 36 84 Debtors 2024 2023 Other Debtors ( Hall Rent Deposit) Other Receivables Ptt8e Il
COVENTRY KERALA COMMUNITY NOTES TO THE FINAI4CIAL STATEMENTS FOR THE YEAR ELYDED 30TH JUNE 2024 2024 2023 Creditors: Amounts falling due within one year Other Creditors Other Payables io Movemettt of Funds Net Movement in Funds Transfer Between As At Funds 30 Jun 24 Ason 01 Apr23 Unrestricted Funds- General 2,000 504 2.504 Restri¢t¢d Funds - Charity 999 21 1,020 UDr¢strict¢d Funds- Designated 16101 4,410 20,511 Total Funds 19,100 4,935 24,035 li Ald Appeal Fullds 2024 2023 Fund l - CancerFund Fund2- Fund3- 4,526 26 12 Aid Appeal Colltributions 2024 2023 Fund l - Can¢erFund Fund2- Fund3- 4,506
Puke 12 COVENTRY KERALA COMMUNITY INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 30TH JUNE 2024 I report on the financial statements of Coventy Keraia Community for the year ended 30 June 2024 on pages 6. 7 and 9 to I l. This report is made solely to the Charity's TNstees as a body, in accord2nce with the Charities Act 2011. Our work has been undertaken so that we might state to the Charity's Trustees those rnatteTS we are required to state to them in our report and for no other purpose. To the fullest extent permitted by law we do not accept or assume responsibility to anyone other than the Charity and the Charity'5 Ttwtees as a body, for our exajnination work, for this reporL or for the opinions we have formed. Respeetive responslbilities of Trnstees and examiller As described on page 5 the Charity's Trnsteeg are responsible for th¢ preparation of the financial statements and for being Satisfied that they give 2 tru¢ and fair view. The Trustees consider that am audit is not required for this year under the Charities Act 2011, s.144(2) ('tthe 2011 Acf,) and that an independent exgmination is needed. l am qualified to undertake the examination, being a qualified member of ICAEW. Having satisfied myself that the eharity is eligible for independent examination. it is my responsibility to.. Examine the aecounts under s.145 of the 2011 Act. To follow the procedures laid down ill the generdl Dire¢tioy)s given by the Charity Commission under s.14515)(b} of the To state whether particular matters have come to my attention. Bg5i5 of independent examiner'5 report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a Feview of the accounting record5 kept by the chaJity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the account5, and se¢king explanations from you as Trustees con¢eming any such matters. The procedures undertaken do not PTovide a]1 the evidence that would be required in an audit and consequently no opinion is given as to wheth¢r the accounts present a'*rue and fair view" and the report 15 limited to those matters set out in the statement below.
COVENTRY KERALA COMMUNITY IIYDEPENDENT EXAMINERS REPORT (¢QDtinued) FOR THE YEAR ENDED 30TH JUNE 2024 Independent examiller's statttnent In connection with my examination. no matter has come lo my attention.. (l) which gives me reasonable Cause to believe that in any material respect the requirements.. to keep accounting records ITJ accordance with the Charities Act 2011. and to prepare a¢¢ounts which accord with the accounting records, comply with the accounting requiremerjts of the Charities Act 2011 and the methods and principles of FRS 102 "The Financial Reporting Standard applicable in the UK 2nd Republic of Ireland" have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the arxounts to be reaehed. Nam¢: Neil Wilso RelevaDt profe5SiODal qualification or body: ICAEW 8 Wolverton Road, Snitterfield, Stratford upon AVO CV37 OHB 01 September 2024