OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

MANCHESTER MALAYALEE ASSOCIATION

Charity No. 1175205

Company No. CE011625

Trustee's Report and Unaudited Accounts

31 December 2023

MANCHESTER MALAYALEE ASSOCIATION

Contents

Pages
Trustee's Annual Report 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Summary Income and Expenditure Account 5
Balance Sheet 6
Statement of Cash flows 7
Notes to the Accounts 8 to 10
Detailed Statement of Financial Activities 11 to 12

Page 1

Connecting Manchester Malayalees

Manchester Malayalee Association Trustees Annual Report 2023 Charity Registration No. 1175205 27 January 2024

Trustees Board (Elected on 28 Jan 2023):

  1. President: Mr. Saju Kavunga

  2. Vice President: Mrs. Jaya Sudhir

  3. Secretary: Mr. Mahesh Murali P

  4. Joint Secretary: Mr. Sarish Sidharthan 5. Treasurer: Mr. Kalesh Bhaskaran

Additional Trustees:

Special Invitees:

Key Activities and Achievements for 2023

1. MMA School Initiatives:

1[Trustees Annual Report 2023 ]

Connecting Manchester Malayalees

welcoming environment, allowing parents to engage in informal discussions and make meaningful connections while their children participated in classes.

2. Revival of the MMA Badminton Club:

3. Major Community Events:

4. Digital Transformation and Streamlining Operations:

5. Membership Milestones:

2[Trustees Annual Report 2023 ]

Connecting Manchester Malayalees

opportunities for cultural expression, enhancing the sense of belonging within the community.

Financial Overview for 2023

Acknowledgments:

The Trustees Board sincerely thanks all members, volunteers, teachers, and sponsors for their unwavering support throughout the year. The success of 2023’s programs and events is a testament to the collective efforts of MMA’s community. We look forward to continuing our mission of preserving Malayalee culture, promoting unity, and creating a supportive space for all members in 2024.

Mahesh Murali P Secretary

Saju Kavunga President

3[Trustees Annual Report 2023 ]

MANCHESTER MALAYALEE ASSOCIATION Independent Examiners Report

Independent Examiner's Report to the trustee of MANCHESTER MALAYALEE ASSOCIATION

I report to the charity trustee on my examination of the accounts of MANCHESTER MALAYALEE ASSOCIATION for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustee (and also a director 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 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 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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.

Sunil Rajan, MAAT MAAT

TAX CARE ACCOUNTANCY SERVICES LTD East Suit-8 Oakridge Business Centre Weston Road Stafford ST16 3RS 13 October 2023

Page 2

MANCHESTER MALAYALEE ASSOCIATION Statement of Financial Activities

for the year ended 31 December 2023

Unrestricted Restricted
funds funds Total funds Total funds
2023 2023 2023 2022
Notes £ £ £ £
Income and endowments
from:
Donations and legacies 4 7,390 - 7,390 3,150
Charitable activities 5 25,608.50 - 25,608.50 16,511.60
Other trading activities 6 - - -
Other 7 - - - -
Total 32,998.50 - 32,998.50 19,661.60
Expenditure on:
Raising funds 8
Charitable activities 9 31,025.71 33,110.72 16,315.25
Other 10 2,085.01
Total 33,110.72 33,110.72 16,315.25
Net gains on investments -
Net income (112.22) (112.22) 3,346.35
Transfers between funds
Net income before other (112.22) (112.22) 3,346.35
gains/(losses)
Other gains and losses
Net movement in funds (112.22) (112.22) 3,346.35
Reconciliation of funds:
Total funds brought forward 21,670.55 - 21,670.55 18,324.20
Total funds carried forward 21,558.33 - 21,558.33 21,670.55

Page 3

MANCHESTER MALAYALEE ASSOCIATION 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 before tax for the year
Net income for the year		 2023
£
32,998.50
32,998.50
33,110.72
33,110.72
(112.22)
(112.22)		 2022
£
19,661.60
19,661.60
16,315.25
16,315.25
3,346.35
3,346.35

Page 4

MANCHESTER MALAYALEE ASSOCIATION

Balance Sheet

at 31 December 2023

Company No.
CE011625
Notes
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
12
Unrestricted funds
General funds
12
Designated funds
Reserves
12
Total funds
2023
2
21,558.33
21,558.33
21,558.33
21,558.33
21,558.33
21,558.33
21,558.33
21,558.33
21,558.33		 2022
£
21,670.55
21,670.55
21,670.55
21,670.55
21,670.55
21,670.55
21,670.55
-
21,670.55
21,670.55

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 31 December 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 13 October 2024

And signed on its behalf by:

Name: ____ Signature: ____

Trustee 13 October 2024

Page 5

MANCHESTER MALAYALEE ASSOCIATION Statement of Cash flows

for the year ended 31 December 2023

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Net cash provided by operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net decrease/increasein 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
£
(112.22)
(112.22)
-
-
-
(112.22)
21,670.55
21,558.33
21,558.33
21,558.33		 2023
£
3,346.35
3,346.35
-
-
3,346.35
18,324.20
21,670.55
21,670.55
21,670.55

Page 6

MANCHESTER MALAYALEE ASSOCIATION

Notes to the Accounts

for the year ended 31 December 2023

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 7

MANCHESTER MALAYALEE ASSOCIATION 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.

Other

Page 8

MANCHESTER MALAYALEE ASSOCIATION Notes to the Accounts

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.

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.

2 Company status

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

Page 9