COMPANY 9991043 REGISTRATION NUMBER KENT THANET TAMIL ASSOCIATION FINANCIAL STATEMENTS 28 FEBRUARY 2021 Charlty Number 1171247
KENT THANET TAMIL ASSOCIATION FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2021 CONTENTS PAGE Trustees Annual Report Independent auditorfs report lo the membèrs Slalement of financial activities (incorporating the income and expenditure account) Balance sheet Notes to the financial statements
KENT THANET TAMIL ASSOCIATION TRUSTEES ANNUAL REPORT YEAR ENDED 28 FEBRUARY 2021 The tSte¢S. who are also ditedors for the PUTFX)ses of company law, prcseni their report and the financial statements of the tharitv for the year cnded 28 February 2021. REFERENCE AND ADMINISTRATIVE DETAILS Registered chrity KENT THANET TAMIL Ass(lATION 171247 ChArit)' registratlon nujnber Comp4ny regisiTtlon number 9991043 Prinetpal otTiee KINGS PLACE KAMSGATE CTI 18NN Re%15tered oifKe Kings Place Ramsgale CTI 18NN THE TRUSTEES The Irusiees who served the company durin8 ihe wod w¢re &$ follows: MR K BASKARAN MR S KIRIJPAKARAN MR N VANITIIARAN MR M VELMURUGU &erelary Aeeountnts Accountin8 and allied services Ltd STRUCTURF, GOVF.RNANCF. AND MANAC.F.MF.NT The iruslLY'5 dre rLspunsible lor ihe MIa¢ent of I1 risk5 faced by the misl. tkiailed consideralions of the risk are deleared to the board of trustees and executive committee. who 41re a55jSted by the solicitor and audiiors. Risks will b¢ ideniified assessed and conirols established Ihroughoul Ihc year. Attention has also been focussed on non-financial risks arising from fire. health and safety, and food hy¥ione. A key element in the management of financial risk is the setiing of a reserve wjlicy and its regular review by ihe tru51¢es and Execulive Committee. A fomjal review of the charitys risk management pnKesses will be undertaken on an annual basis. The k¢y controls used by the charity include agendas. fomial written policie5. authori&iiion and approval and vellins prOCures. Though the risk management proce5se5 has b¢en established for th¢ trust. it is reco¥nised that SJSlems can only provide rrd50nabl¢ but nol dbsolui¢ assurdnce Ihd( major risks have been adequately rnanaged. OWECTIVES AND ACTIVITIES Religious and cultural aLliilie5 including the annual festival, which are continued support from devotees and volunicers. the sUPlXPrt frorn devotee5 and volunteers are the major contribulion to the growth and succes5 of our temple.
KENT THANET TAMIL ASSOCIATION TRUSTEES ANNUAL REPORT (conth¥u¢Q YEAR ENDED 28 FEBRUARY 2021 ACHIEVEMENTS AND PF.RFORMANCE To pronioie acli%'el>' the publiL in%'olemeni 10 a greater ¢xlent lo achieve the inJst'5 objecis. To improve the facilities available to th¢ public the will ¢onsider premi5 developrnent progrwnme. FINANCIAL REVIEW Total income for th¢ year w&s £32,527 PLANS FOR FUTURE PERIODS RESPONSIBILITIES OFTHE TRUSTEES The tnL%iees Iwho are also thL direLtors of Kent Thand Tamil Association for the purposes of company law) are responsible for preparing the TnL4¢es Annual ReFrfJrt and the financial Statements in accordanc¢ with applicable law and regulations. Company law require5 the trust¢¢s lo prepare financial siatcments for each financial year. UndLr that law the trustees have elected to prepare the financial slatemenis in accordance with United Kingdom Generally ALcept¢d Accountin¥ Prathice (United Kirtgdorn Accounting Standards and applicable law}. Under company law the tn1¢¢5 must noi approve the financial stalernenls unless ihcy are salisficd thai they 8ive a true and fair view of th¢ stale of affairs of ihe charitablc company and the inconie and expendiiure uf the chariiabl¢ company f(r thai period. In preparing these financial slaiements, the irusiees are required to.. Select suitable accounting p)licies and then apply them consist¢nily- ob5eTve the methods and principles in the Charilie5 SORP- mak¢ jud¥emenis and accounting eslimaies ihat are ren4ble and prudeni. siaie whether applicable UK Accountin8 Siandards have been followed. subject lo any material departures disclosed And explained in the financial 5talements: prepare ihe financiAI statements on the going con¢ern basis unless il 15 inappropria1¢ to presume that the charitable company will coniinue in opemion. The trn5tecs are responsible for ke¢ping adequat¢ accounting rtrords thai are sufficient to show and explain the charitable company's transactions 8nd disclose with reasonable aecur4cy at any tinie ihe financÈal position of the charitable company and enable them to ensure thai ihe financial siaicment5 comply with the ihe Companie5 Act 2006. They are also responsible for safeguarding the assets of the chariiabl¢ company and hence for taking reasonable sleps for ihe provention and deltiOn of fraud and other irregularitie5. In 50 far &$ the Iru5ttts ar¢ aware.. there 15 no relevanl audit infomiation of which the charitable company's auditor Is unaware: and the trustees have taken all steps thai they ought to have taken lo makc themselves aware of any relevant audit infomialion and to establish that the auditor is aware of ihat infomiation.
KENT THANET TAMIL ASSOCIATION TRUSTEES ANNUAL REPORT(coftthu• YEAR ENDED 28 FEBRUAR Y 2021 RegIered o(fiee'. Kings Place Ramsgate crii 8NN S18n on lthlf of th¢ N Vanithar• Chiman S Kirupakaran
KENT THANET TAMIL ASSOCIATION INDEPENDENT EXAMINERS'S REPORT TO THE MEMBERS OF KENT THANET TAMIL ASSOCIA TION {¢iJrrtryJued) YEAR ENDED 28 FEBRUARY 2021 MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTIOF4 We have nothing lo r¢wrt in respeci of the follow'ing mailers wheTe the Compani¢s Act ?006 requir¢s us io report 10 you if, in our opinion: adequate accounting reeords have N)t been kept. or returns adequate for our audit have not been rrfeived from branches not visiied by us. or the financial statemenls are niA in agreement with the accounting records relums. or certain disclosures of iru5tees' remuneraiion spe¢ified by law are Th)t made: or w¢ have not received all the inforni¥ti¢)n and explanations we require for our audit. Accounting and allied Services Ltd
KENT THANET TAMIL ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 28 FEBRUARY 2021 Total Funds Total Funds 2021 2020 INCOMING RESOURCES Incoming resources from generating funds: Voluntary irtcome TOTAL INCOMING RESOURCES 72,372 72.372 33.527 RESOURCES EXPENDED Charitable aeiivttie5 314 136J19) {36J19} (62.584) TOTAL KESOURCES EXPENDED (62.584) NET {OUTGOINGVINCOMINCI RF..*()URCF.S FOR THF. YF.AIVNF.T {FXPENDITLIRF.IIINCOME FUR THE YEAR RLCUNCILIATI()P4 1)Tr fr IINI) Total funds brought forward TOTAL FUNDS CARRIF.D FORWARD (2,7921 9.788 83.975 (Z.792) 93.763 The Statement of Financial Activities tludeS all gains and losses in the year and ihttefore a statement of ioial recolS¢d gains and losses has rtoi been prepared. All of the above amounts relaie to Continuing a¢¢ivilies. Th• not05 on pages 8 to 9 lonn part of th88e flnancfial ststements.
KENT THANET TAMIL ASSOCIATION BALANCE SHEET 28 FEBRUARY 2021 2021 FIXED ASSET3 Tangible ass¢is CURRENT ASSETS C&sli ai baok Nole 2020 279.239 279.239 L750 CREDITORS.. AmouNis fxlllng due Mlihlts •tye yeAr 10,793 (191,B90) NETCURRENT LIABILITIES (189.140) 1186,3481 TOTAL ASSETS LESS CURREPIT LIABILITIES FUNDS UnresiTi¢ied incom¢ funds TOTAL FUNDS 92,891 92.891 90,099 92.891 These fLnan¢ial s1ments wer¢ •ppmved by the ofthe tommiitee on the........................ Ire si8n¢d on their behalf by.. N Vaniiharan Chairn?an S KiNk¥•n Secretary Company Re8lSlraiion Number. 9991043 IEJ 2 8/zlio21 Th• ftot•8 on pg# O 10 9 p•n flrwn¢ll slai•m¢nl8.
KENT THANET TAMIL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2021 ACCOUNTING POLICIES Basis of ccounting The financial sthtements have be¢n pr¢pared undtt the historical ¢051 convention and in accordance with applicable United Kingdom accounting standards. the S¢aiement of Recommended Prdctice "Accounting and Reponing by Charilies- issued in Mah 200$ ISORP 20051 and the Companies Aci 2006. Cash Ilow stgtemtDt Th¢ trustees have tsken advantage of ihe exempiion in Finan¢i81 Reporting Standard No I Ir¢vi5ed) from including a c&sh flow 8ment in ihe financial 4atwnents on ihe grounds that the company is small. Fixed assets All fixed ussels are initially re¢ord¢d * COA. VOLUNTARY INCOMF. Unreslricltd Total Fynds Total Funds Tr und$ 2021 2020 Donalion Donations General Dona¢ions poojo 33,527 41,722 30.650 72.372 COSTS OF CHARITABLF. ACTIVITIES BY FUND TYPE Unres¢ricl¢d Totsl Funds Total Funds Funds 2021 2020 Charitable activity type 36J19 36J19 62.-584 COSTS OF CHARITABLE AcfiviTIES BY ACTIVITY TYPF. A¢tii'ilie$ undertaken Tot1 Funds Total Funds direcily 2021 2020 Charitable a¢tivity type 36J19 36J19 62,584
KENT THANET TAMIL ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2021 STAFFCOSTS AND EMOLUMENTS No salaries or wages have been paid to employee& including the members of ihe ¢ommiltee, during the year. Other pension costs above represents the totsl operaling charye included in rewurces ¢xpended in the siatemenl of flnancial activities and d¢Ks noi include amounts included in other finance costs (see note ). TANGIBLE FIXED A&SF.TS Freehold propert) COST At l March 2020 and 28 Febru•ry 2021 279,239 DF.PRECIATION A¢ l Mareh 2020 gmd 28 F¢brury 2021 NET BOOK VALUE At 28 Ftbrury 2021 At 29 Febnjary 2020 279,239 279.239 CREDITURS: Amoynts fllinR due lthlTr ytAr 2021 2020 Bank loan5 and overdrafts Other ¢rcdiiors 191.890 81.390 191.890 197.141 UNRF.STRICTED INCOMF. FUNDS In¢omin% 28 Trc.bryar) 202 50ur¢e General Funds (2,792) {2,7921 ANALYSIS OF NET ASSETS BETWEEN FUN TAngiblc fixed Assets Total Unr¢5trieetd Income Funds 36J19 36J19 Total Funds 36J19 36J19