2023-06-30-accounts - World Tamils Historical Society

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WORLD TAMILS HISTORICAL SOCIETY

Report of the Trustees

FOR THE YEAR ENDED 30 JUNE 2023

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 2023. 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 Mrs S Suganthakumaran M Arumugam K Chandramohan

Company Secretary

N Sugunthakumaran

Accountants

Amity Services Ltd 4 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of World Tamils Historical Society for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Objectives Of The Charity

Promoting tamil culture
Preserve and interpret tamil history and culture for the education ,enjoyment of present and future generations

Achievement and Performance

Charity was able to lay the initial foundation for a community centre in Banbury with full planning permission now being granted by the councils. We were also able to repair the church and the temple in the land which is owned by the charity.

Fund Raising

During this year funds raised via monthly membership fees and donations during monthly remembrance event held in the charity’s premises.

Future Plan

Plans are in place to raise funds for the community building separately.

Approved by order of the board of trustees on 04[th] April 2024 and signed on its behalf by:

Mrs K Skanthatheva - Trustee

WORLD TAMILS HISTORICAL SOCIETY

Charity No. 1170343

Company No. 09645816

Trustee's Report and Unaudited Accounts

30 June 2023

WORLD TAMILS HISTORICAL SOCIETY Statement of Financial Activities

for the year ended 30 June 2023

Unrestricted funds 2023 £ 171,356 37	Total funds 2023 £ 171,356 37	Total funds 2022 £ 156,819 -
171,393 23,502 77,367	171,393 23,502 77,367	156,819 - 73,649
100,869 -	100,869 -	73,649 -
70,524 -	70,524 -	83,170 -
70,524	70,524	83,170
70,524 440,569	70,524 440,569	83,170 357,399
511,093	511,093	440,569

Page 1

WORLD TAMILS HISTORICAL SOCIETY Summary Income and Expenditure Account

for the year ended 30 June 2023

Income Gross income for the year Expenditure Interest payable Total expenditure for the year Net income before tax for the year Net income for the year	2023 £ 171,393 171,393 74,160 26,709 100,869 70,524 70,524	2022 £ 156,819
		156,819
		55,175 18,473
		73,648
		83,171
		83,171

Page 2

WORLD TAMILS HISTORICAL SOCIETY Balance Sheet

at 30 June 2023

Company No. 09645816 Notes 2023 £ Fixed assets Tangible assets 9 1,434,143 1,434,143 Current assets Debtors 10 - Cash at bank and in hand 28,264 28,264 Creditors:Amount falling due within one year 11 (1,800) Net current assets 26,464 Total assets less current liabilities 1,460,607 Creditors:Amounts falling due after more than one year 12 (949,514) Net assets excluding pension asset or liability 511,093 Total net assets 511,093 The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds 511,093 511,093 Reserves 13 Total funds 511,093	2022 £ 1,372,361
	1,372,361 2,400 4,414
	6,814 -
	6,814 1,379,175 (938,606)
	440,569
	440,569
	440,569
	440,569
	440,569

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 30 June 2023 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 28 March 2024

And signed on its behalf by:

K. SKANTHATHEVA Trustee 28 March 2024

Page 3

WORLD TAMILS HISTORICAL SOCIETY Notes to the Accounts

for the year ended 30 June 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 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 4

WORLD TAMILS HISTORICAL SOCIETY 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.

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.

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.

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.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 5

WORLD TAMILS HISTORICAL SOCIETY

Notes to the Accounts

3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Total Expenditure on: 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 5 Other income	Unrestricted funds 2022 £ 156,819 156,819 73,648 73,648 83,171 83,171 83,171 - 83,171 Unrestricted £ - 31,667 139,689 - 171,356 Unrestricted £ 37 37	Endowment funds 2022 £ - - - - - - - 357,399 357,399 Total 2023 £ - 31,667 139,689 - 171,356 Total 2023 £ 37 37	Total funds 2022 £ 156,819
			156,819 73,648
			73,648
			83,171
			83,171
			83,171 357,399
			440,570
			Total 2022 £ 1,500 29,002 53,609 72,708
			156,819
			Total 2022 £ -
			-

Page 6

WORLD TAMILS HISTORICAL SOCIETY Notes to the Accounts

6 Expenditure on raising funds

Costs of generating voluntary income 7 Other expenditure Bank loan and overdraft interest payable Premises costs General administrative costs Legal and professional costs 8 Staff costs No employee received emoluments in excess of £60,000. 9 Tangible fixed assets Cost or revaluation At 1 July 2022 Additions At 30 June 2023 Net book values At 30 June 2023 At 30 June 2022 10 Debtors Other debtors 11 Creditors: amounts falling due within one year Other creditors	Unrestricted £ 23,502 23,502 Unrestricted £ 26,709 32,537 7,183 10,938 77,367 2023 £ - - 2023 £ 1,800 1,800	Total 2023 £ 23,502 23,502 Total 2023 £ 26,709 32,537 7,183 10,938 77,367 £ 1,372,361 61,782 1,434,143 1,434,143 1,372,361	Total 2022 £ -
			-
			Total 2022 £ 18,473 44,084 6,129 4,963
			73,649
			£ 1,372,361 61,782
			1,434,143
			1,434,143
			1,372,361
			2022 £ 2,400
			2,400
			2022 £ -
			-

Page 7

WORLD TAMILS HISTORICAL SOCIETY

Notes to the Accounts

12 Creditors:

2023 £ 535,938 413,576 949,514 Incoming resources (including other gains/losses ) £ 171,393 171,393 At 1 July 2022 £	Resources expended £ (100,869) (100,869) Unrestricted funds £ 1,434,143 26,464 (949,514) 511,093 Cash flows £	2022 £ 555,146 383,460
		938,606
		At 30 June 2023 £ 511,093
		511,093
		Total £ 1,434,143 26,464 (949,514)
		511,093
		At 30 June 2023 £
4,414	23,850	28,264
4,414 (383,460) (555,146) (938,606) (934,192)	23,850 (30,116) 19,208 (10,908) 12,942	28,264 (413,576) (535,938)
		(949,514)
		(921,250)

16 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 8

WORLD TAMILS HISTORICAL SOCIErY Note$ to the A¢¢ounl$ Page 9

WORLD TAMILS HISTORICAL SOCIETY Detailed Statement of Financial Activities

for the year ended 30 June 2023

Income and endowments from: Donations and legacies Interest Income Total income and endowments Expenditure on: Tree Plantation Total of expenditure on raising funds Other expenditure Bank loan and overdraft interest payable Premises costs Rates and water Light, heat and power Premises repairs and maintenance General administrative costs, including depreciation and amortisation Bad debts Bank and card processing charges General insurances Advertising Postage and stationery Software, IT support and related costs Telephone, fax and broadband	Unrestricted funds 2023 £ - 31,667 139,689 - 171,356 37 37 171,393 23,502 23,502 23,502 26,709 26,709 4,869 5,733 21,935 32,537 2,400 1,132 1,043 450 - 85 2,073	Total funds 2023 £ - 31,667 139,689 - 171,356 37 37 171,393 23,502 23,502 23,502 26,709 26,709 4,869 5,733 21,935 32,537 2,400 1,132 1,043 450 - 85 2,073	Total funds 2022 £ 1,500 29,002 53,609 72,708
			156,819
			-
			-
			156,819 -
			-
			- 18,473
			18,473
			5,423 6,819 31,842
			44,084
			- 1,073 1,016 1,600 1,021 - 1,419

Page 10

WORLD TAMILS HISTORICAL SOCIETY Detailed Statement of Financial Activities

Legal and professional costs Audit/Independent examination fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	7,183 1,800 9,138 10,938 77,367 100,869 - 70,524 70,524 - 70,524 440,569 511,093	7,183 1,800 9,138 10,938 77,367 100,869 - 70,524 70,524 - 70,524 440,569 511,093	6,129
			- 4,963
			4,963

			73,649
			73,649 -
			83,170
			83,170 -
			83,170
			357,399
			440,569

Page 11

World Tamils Historical Society Independent Examiners Report

Independent Examiner's Report to the trustee of World Tamils Historical Society

I report to the charity trustee on my examination of the financial statements of World Tamils Historical Society for the year ended 30 June 2023.

Responsibilities and basis of report

As the charity's trustee (and also a director for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('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 financial statements 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 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 financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act 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 (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 financial statements to be reached.

Jebarson William ACCA Amity Accountants 4 Whitchurch Parade Whitchurch Lane Edgware

HA8 6LR 27 March 2024

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