THE DIWALI FOUNDATION Ch¥lty number. I191 FINANCIAL STATEMENTS PERIOD T04 MAY 2022 Plll Ferguson Maidment & Co
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Diwali Foundation On accounts for the year ended 4 May 2022 Charity no {if any) 1190061 Set out on pages In rya>. ni4m*g.It oi èdd11i0pi31 she-.. I report to the trustees on my examination of the accounts of the above chanty {Ihe Tnjsf) for the year ended 410512021. Responslbilitles and As the charity trustees of the Trust, you are responsible for the preparation basis of report ofthe accounts in accordance with the requirements of the Charities Act 2011 (he Acri. I report in respect of my examination of the Trust's OUnts carrd out under sectK)n 145 of the 2011 Act and in carrying out my examination, I have foik)wed the appIable Directbons given by the Charity Commission under section 145(5)Ibl of the Act. I have completed my examination. I confinn that no material matters have come lo my attefttn (other than thal disclosed below "} in connection with the examination which gives me cause to believe that in, any material spect accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to Vthh attention should be drawn in order to enable a proper understanding of Ihe accounts to reached. . Please delete the wonls in the bCketS rf they do nof apply. Signed: Date: 2710W2023 Name: VNek Kapoor Relevant profeg9ional quallfication(s) or body lif any): The Institute of Chartered Accountants in England and Wales {ICAEW). Address: Fkx)r, 167 Fleet street N MAIDMENT & CO. London EC4A 2EA CIWATEREOACCOUNTANTS LONDON. EC4A2EA IER October 2018
Section B Disclosure Only complete rf the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts." directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. IER October 2018
THE DIWALI FOUNDATION Statement of Financial Activities for the year ended 4 May 2022 Note Unrestrlrted Restricted Funds Funds Total 2022 Total 2021 Openin8 balanos 9.797 Incomè Donations Gfft aid 3363 4.065 33 30.911 Total Income 37.928 37.928 30.911 Expendlture Food & Hamper5 Computer and website costs Manèging & Administering chartty Accounting fee5 28.527 250 641 420 2827 250 641 420 20,068 226 420 Totsl Expendlture 29.838 29A38 21,114 {Deficitl I Surplus forthe year 9.797 Closin¥ Balan 17M7 17M7 9.797
THE DIWALI FOUNDATION Balan Sheet as at 4 May 2022 2022 2021 Batance at baftk 727 10.217 727 10,217 Uablllties Creditors 420 420 Net assets 17,887 9,797 Represented by: Unrestricted funds Restricted funds 17,887 9.797 17.887 9,797 These financlal statements were approved by the Trustees and authori5ed ft>r issue and are signed on their behatf by: L2 Chair
THE DIWALI FOUNDATION Notes to the accounts For the year ended 4 May 2022 Note I Ststement of Com Ilance These financial statements have been prepared in Complian with FRS 102. The Financial Reporting Standard applitable in the UK and the Republic of Iland,, the Ststement of Recommended Practice applicable to charities preparinB their accounts in accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 10211 and the Charitie5 Art 2011. Note 2 Accountin PolScles Basis of preparation The financial strdtements have been prepared under the hi5toric31 cost convention with items recognised at C05t ortransaction walue. The financial statements a pPared in sterlin& which is the funrtional currency of the entity. Golng Concern There are no material uncertainties abo the d)arity's abtlsty to continue. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Restrirted funds a svbjerted to restriciions on their expenditure declared bythe donor or through the terms of an appeal. Incomlng RÈsoUS All income is included in the ststement of financial actlvrties when entitlement has passed to the charity, it 15 probable that the economic benefits associated with the transaction wkll flow to the charity and the amount can be reliably measured. The foll{FIl speclfic pollile5 6Te applird to particular categories of income= income from charitable artNities is recognised when earnt. - income from other Sour is reci)gnised when receivable. Resources Expend Expenditure is recognised on an accruals basis as a Ilabilrty 15 incurred. Expenditure includes any VAT which cannot be fulty recovered, and is dassrfied under headings of the statement of financial activitie5 to which it relates. All costs are allocated to expend[ categories refiectingthè use of the resource. 01ct cost5 attributab5e to a single activity are allocated dirertlyto that activtty. Shared costs a apportioned between the attivities they contiibuteto on a reasonable. justifiable and consistent basi5.
THE DIWAU FOUNDATION Note5 to the accounts For the year ended 4 May 2022 Note I reditors 2022 2021 Accrual 420