Tamil Para Sports
Charity No. 1188274
Company No. 10221119
Trustees' Report and Unaudited Accounts
30 June 2023
Tamil Para Sports Contents
| Pages | ||
|---|---|---|
| Trustees' 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 | 12 |
| Detailed Statement of Financial Activities | 13 to | 14 |
Page 1
Tamil Para Sports Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 June 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 10221119
Charity No. 1188274
Registered Office
43 Cedar Road Farnborough GU14 7AU
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Jeevah Daniel Haran Rajaratnam Uthayaraj Sampanthan Sivapathaviruthayar
Accountants
Ace Accountants and Tax Consultants Ltd 127 Fencepiece Road
Ilford Essex IG6 2LD
OBJECTIVES AND ACTIVITIES
The promotion of community participation in healthy recreation, in particular by the provision of facilities for the playing of disabled sports for those who have become disabled from being a victim of war
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Sampanthan Sivapathaviruthayar
Trustee
21 March 2024
Page 2
Tamil Para Sports Independent Examiners Report
Independent Examiner's Report to the trustees of Tamil Para Sports
I report to the charity trustees on my examination of the financial statements of Tamil Para Sports for the year ended 30 June 2023.
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 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.
Mr Pathmanathan Valluvar FCCA Ace Accountants and Tax Consultants Ltd 127 Fencepiece Road Ilford
Essex IG6 2LD 21 March 2024
Page 3
Tamil Para Sports Statement of Financial Activities
for the year ended 30 June 2023
| Notes Income and endowments from: Donations and legacies 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Other 7 Total Net gains on investments Net (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 78,508 |
Total funds 2023 £ 78,508 |
Total funds 2022 £ 38,596 |
|---|---|---|---|
| 78,508 28,303 50,798 2,801 |
78,508 28,303 50,798 2,801 |
38,596 1,000 33,853 539 |
|
| 81,902 - |
81,902 - |
35,392 - |
|
| (3,394) - |
(3,394) - |
3,204 - |
|
| (3,394) | (3,394) | 3,204 | |
| (3,394) 4,407 |
(3,394) 4,407 |
3,204 1,203 |
|
| 1,013 | 1,013 | 4,407 |
Page 4
Tamil Para Sports Summary Income and Expenditure Account for the year ended 30 June 2023
| Income Gross income for the year Expenditure Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2023 £ 78,508 78,508 81,902 81,902 (3,394) (3,394) |
2022 £ 38,596 |
|---|---|---|
| 38,596 | ||
| 35,392 | ||
| 35,392 | ||
| 3,204 | ||
| 3,204 |
Page 5
Tamil Para Sports Balance Sheet
at 30 June 2023
| at 30 June 2023 | |
|---|---|
| Company No. 10221119 Notes 2023 £ Current assets Cash at bank and in hand 7,999 7,999 Creditors:Amount falling due within one year 8 (6,986) Net current assets 1,013 Total assets less current liabilities 1,013 Net assets excluding pension asset or liability 1,013 Total net assets 1,013 The funds of the charity Restricted funds 9 Unrestricted funds 9 General funds 1,013 1,013 Reserves 9 Total funds 1,013 |
2022 £ 11,393 |
| 11,393 (6,986) |
|
| 4,407 4,407 |
|
| 4,407 | |
| 4,407 | |
| 4,407 | |
| 4,407 | |
| 4,407 |
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 21 March 2024
And signed on its behalf by:
Sampanthan Sivapathaviruthayar Trustee
21 March 2024
Page 6
Tamil Para Sports Statement of Cash flows for the year ended 30 June 2023
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Net cash (used in)/provided by operating activities Net cash from investing activities Net cash from financing activities Net (decrease)/increase in 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 £ (3,394) (3,394) - - (3,394) 11,393 7,999 7,999 7,999 |
2022 £ 3,204 |
|---|---|---|
| 3,204 | ||
| - | ||
| - | ||
| 3,204 | ||
| 8,189 | ||
| 11,393 | ||
| 11,393 | ||
| 11,393 |
Page 7
Tamil Para Sports 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 8
Tamil Para Sports 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.
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.
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.
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.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Page 9
Tamil Para Sports Notes to the Accounts
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Total Expenditure on: Raising funds Charitable activities 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 |
Unrestricted funds 2022 £ 38,596 38,596 1,000 33,853 539 35,392 3,204 3,204 3,204 1,203 4,407 |
Total funds 2022 £ 38,596 |
|---|---|---|
| 38,596 1,000 33,853 539 |
||
| 35,392 | ||
| 3,204 | ||
| 3,204 | ||
| 3,204 1,203 |
||
| 4,407 |
4 Income from donations and legacies
| Unrestricted £ 78,508 78,508 |
Total 2023 £ 78,508 78,508 |
Total 2022 £ 38,596 |
|---|---|---|
| 38,596 |
Page 10
Tamil Para Sports Notes to the Accounts
5 Expenditure on raising funds
| Fundraising Event costs 6 Expenditure on charitable activities Expenditure on charitable activities Governance costs 7 Other expenditure Service charges General administrative costs Legal and professional costs 8 Creditors: amounts falling due within one year Loans from trustees |
Unrestricted £ 28,303 28,303 Unrestricted £ 50,798 50,798 Unrestricted £ 216 2,572 13 2,801 2023 £ 6,986 6,986 |
Total 2023 £ 28,303 28,303 Total 2023 £ 50,798 50,798 Total 2023 £ 216 2,572 13 2,801 |
Total 2022 £ 1,000 |
|---|---|---|---|
| 1,000 | |||
| Total 2022 £ 33,853 |
|||
| 33,853 | |||
| Total 2022 £ 72 441 26 |
|||
| 539 | |||
| 2022 £ 6,986 |
|||
| 6,986 |
Page 11
Tamil Para Sports Notes to the Accounts
9 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 10 Analysis of net assets between funds Net current assets 11 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 July 2022 4,407 4,407 |
Incoming resources (including other gains/losses ) £ 78,508 78,508 At 1 July 2022 £ |
Resources expended £ (81,902) (81,902) Unrestricted funds £ 1,013 1,013 Cash flows £ |
At 30 June 2023 £ 1,013 |
|---|---|---|---|---|
| 1,013 | ||||
| Total £ 1,013 |
||||
| 1,013 | ||||
| At 30 June 2023 £ |
||||
| 11,393 | (3,394) | 7,999 | ||
| 11,393 11,393 |
(3,394) (3,394) |
7,999 | ||
| 7,999 | ||||
| 12 Related party disclosures Controlling party |
Page 12
Tamil Para Sports Detailed Statement of Financial Activities
for the year ended 30 June 2023
| Income and endowments from: Donations and legacies Total income and endowments Expenditure on: Costs of other fundraising event activities Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities Premises costs Service charges General administrative costs, including depreciation and amortisation Equipment expensed Information and publications Software, IT support and related costs Legal and professional costs Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains |
Unrestricted funds 2023 £ 78,508 78,508 78,508 28,303 28,303 28,303 50,798 50,798 50,798 216 216 - 1,829 743 2,572 13 13 2,801 81,902 - (3,394) (3,394) - |
Total funds 2023 £ 78,508 78,508 78,508 28,303 28,303 28,303 50,798 50,798 50,798 216 216 - 1,829 743 2,572 13 13 2,801 81,902 - (3,394) (3,394) - |
Total funds 2022 £ 38,596 |
|---|---|---|---|
| 38,596 | |||
| 38,596 1,000 |
|||
| 1,000 | |||
| 1,000 33,853 |
|||
| 33,853 | |||
| 33,853 72 |
|||
| 72 | |||
| 263 178 - |
|||
| 441 | |||
| 26 | |||
| 26 | |||
| 539 | |||
| 35,392 - |
|||
| 3,204 | |||
| 3,204 - |
Page 13
Tamil Para Sports Detailed Statement of Financial Activities
| Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
(3,394) 4,407 1,013 |
(3,394) 4,407 1,013 |
3,204 |
|---|---|---|---|
| 1,203 | |||
| 4,407 |
Page 14