REGISTERED COMPANY NUMBER: 09645816 (England and Wales) REGISTERED CHARITY NUMBER: 1170343
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2021
for
WORLD TAMILS HISTORICAL SOCIETY
Millennium Professional Services (UK) Limited Lotus House 227 Preston Road Wembley Middlesex HA9 8NF
WORLD TAMILS HISTORICAL SOCIETY
Contents of the Financial Statements FOR THE YEAR ENDED 30 JUNE 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
WORLD TAMILS HISTORICAL SOCIETY
Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of 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 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
09645816 (England and Wales)
Registered Charity number
1170343
Registered office
227 Preston Road Wembley Middlesex HA9 8NF
Trustees
N Suganthakumaran - Chairman Mrs K Skanthatheva T Logeswaran MAAT, FCCA S Kanagasingam Mr S Kandiah FCA Mrs S Kokularamanan G Kulasegaram J N Packianathan S Suganthakumaran M Arumugam (appointed 12.1.21)
Company Secretary
Independent Examiner
T Logeswaran FCCA, MAAT Millennium Professional Services (UK) Limited Lotus House 227 Preston Road Wembley Middlesex HA9 8NF
Approved by order of the board of trustees on 19 November 2021 and signed on its behalf by:
Mrs K Skanthatheva - Trustee
Page 1
Independent Examiner's Report to the Trustees of World Tamils Historical Society
Independent examiner's report to the trustees of World Tamils Historical Society ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts 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 (FRS 102)).
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 accounts to be reached.
T Logeswaran FCCA, MAAT Millennium Professional Services (UK) Limited Lotus House 227 Preston Road Wembley Middlesex HA9 8NF
19 November 2021
Page 2
WORLD TAMILS HISTORICAL SOCIETY
Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2021
| 30.6.21 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 90,532 Investment income 2 - Total 90,532 EXPENDITURE ON Raising funds 3 92,819 Other 3,972 Total 96,791 NET INCOME/(EXPENDITURE) (6,259) RECONCILIATION OF FUNDS Total funds brought forward (113,024) TOTAL FUNDS CARRIED FORWARD (119,283) |
30.6.20 Total funds £ 136,213 3,701 139,914 128,208 - 128,208 11,706 (114,811) (103,105) |
|---|---|
Surplus and Deficit Account 968
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
| Unrestricted | ||
|---|---|---|
| funds | Total funds | |
| £ | £ | |
| Brought forward - 968/1 | (113,024) | (113,024) |
| Carried forward | (103,105) | (103,105) |
| Difference | 9,919 | 9,919 |
Post to relevant accounts (see ICHA chart of accounts for further details)
The notes form part of these financial statements
Page 3
WORLD TAMILS HISTORICAL SOCIETY
Balance Sheet 30 JUNE 2021
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
30.6.21 Unrestricted funds £ 1,372,361 2,400 1,724 4,124 (44,365) (40,241) 1,332,120 (1,451,403 ) (119,283) (119,283) (119,283) |
30.6.20 Total funds £ 1,372,361 2,400 1,724 4,124 (270,000) (265,876) 1,106,485 (1,209,590 ) (103,105) (103,105) (103,105) |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
WORLD TAMILS HISTORICAL SOCIETY
Balance Sheet - continued 30 JUNE 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 November 2021 and were signed on its behalf by:
K Skanthatheva - Trustee
The notes form part of these financial statements
Page 5
WORLD TAMILS HISTORICAL SOCIETY
Notes to the Financial Statements FOR THE YEAR ENDED 30 JUNE 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| 30.6.21 | 30.6.20 | ||
|---|---|---|---|
| £ | £ | ||
| Rents received | - | 3,701 |
Page 6
continued...
WORLD TAMILS HISTORICAL SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2021
3. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 30.6.21 | 30.6.20 | |
| £ | £ | |
| Support costs | 92,819 | 128,208 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
6.
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 1 July 2020 and 30 June 2021 NET BOOK VALUE At 30 June 2021 At 30 June 2020 |
Unrestricted funds £ 136,213 3,701 139,914 128,208 11,706 (114,811) (103,105) Freehold property £ 1,372,361 1,372,361 1,372,361 |
|---|---|
continued...
Page 7
WORLD TAMILS HISTORICAL SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2021
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.21 £ Other debtors 2,400 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.6.21 £ Bank loans and overdrafts (see note 10) 44,365 Other loans (see note 10) - 44,365 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 30.6.21 £ Bank loans (see note 10) 537,680 Other loans (see note 10) 446,961 Other creditors 466,762 1,451,403 10. LOANS An analysis of the maturity of loans is given below: 30.6.21 £ Amounts falling due within one year on demand: Bank overdrafts 4,365 Bank loans 40,000 Other loans - 44,365 Amounts falling between one and two years: Other loans - 1-2 years 446,961 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 537,680 |
30.6.20 £ 2,400 30.6.20 £ 40,000 230,000 |
|
|---|---|---|
| 270,000 | ||
| 30.6.20 £ - 742,828 466,762 |
||
| 1,209,590 | ||
| 30.6.20 £ - 40,000 230,000 |
||
| 270,000 | ||
| 742,828 | ||
| - |
continued...
Page 8
WORLD TAMILS HISTORICAL SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2021
11. MOVEMENT IN FUNDS
| At 1.7.20 £ Unrestricted funds General fund (113,024) TOTAL FUNDS (113,024) Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 90,532 TOTAL FUNDS 90,532 Comparatives for movement in funds At 1.7.19 £ Unrestricted funds General fund (114,811) TOTAL FUNDS (114,811) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 139,914 TOTAL FUNDS 139,914 |
Net movement At in funds 30.6.21 £ £ (6,259) (119,283) (6,259) (119,283) Resources Movement expended in funds £ £ (96,791) (6,259) (96,791) (6,259) Net movement At in funds 30.6.20 £ £ 11,706 (103,105) 11,706 (103,105) Resources Movement expended in funds £ £ (128,208) 11,706 (128,208) 11,706 |
|---|---|
continued...
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WORLD TAMILS HISTORICAL SOCIETY
Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2021
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.19 £ (114,811) (114,811) |
Net movement in funds £ 5,447 5,447 |
At 30.6.21 £ (109,364) (109,364) |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 230,446 | (224,999) | 5,447 |
| TOTAL FUNDS | 230,446 | (224,999) | 5,447 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
Page 10
WORLD TAMILS HISTORICAL SOCIETY
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| FOR THE YEAR ENDED 30 JUNE 2021 | |||
| 30.6.21 | 30.6.20 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 44,896 | 62,831 | |
| Members contributions | 45,636 | 73,382 | |
| 90,532 | 136,213 | ||
| Investment income | |||
| Rents received | - | 3,701 | |
| Total incoming resources | 90,532 | 139,914 | |
| EXPENDITURE | |||
| Other | |||
| No description | 3,972 | - | |
| Support costs | |||
| Management | |||
| Insurance | 1,124 | 890 | |
| Telephone | 760 | 1,308 | |
| Postage and stationery | 3,673 | - | |
| 5,557 | 2,198 | ||
| Finance | |||
| Bank charges | 946 | - | |
| No description | 12,716 | 5,500 | |
| Bank interest | 27,552 | 30,853 | |
| 41,214 | 36,353 | ||
| Information technology | |||
| Repairs and renewals | 26,173 | 49,826 | |
| Other | |||
| Rates and water | - | 3,056 | |
| Light and heat | 6,566 | 1,705 | |
| Sundries | 40 | - | |
| 6,606 | 4,761 | ||
| Other 2 | |||
| Special project cost | 754 | - | |
| Planning permission fee | 5,475 | 10,626 | |
| 6,229 | 10,626 | ||
| Governance costs | |||
| Legal fees | 7,040 | 24,444 |
This page does not form part of the statutory financial statements
Page 11
WORLD TAMILS HISTORICAL SOCIETY
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| FOR THE YEAR ENDED 30 JUNE 2021 | |||
| 30.6.21 | 30.6.20 | ||
| £ | £ | ||
| Total resources expended | 96,791 | 128,208 | |
| Net (expenditure)/income | (6,259) | 11,706 |
This page does not form part of the statutory financial statements
Page 12