THE DIWALI FOUNDATION CFority nurnl)er. 119(1)61 FINANCIAL STATEMENTS PERIODTO 4 MAY 2023 Ferguson Maidment & Co
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Roport to the trust•1 members of The Diwali F(MJndati( On accounts for the year ended 4 May 2023 Charity no (If any) 1190061 Set out on pages I re1 to the knjstees on my examÉnatitin of the aco)unts of the above charity (Ihe for the year ended 410512021. Responsibllitigs and As the tharity trustees ofthe Tn55t, you are responsible for the preparation bas1$ of report of the accounts in accdan with requirem&ts of the Charities Act 2011 rthe Acri. I report in reskd of my examination of the Trusfs accounts carried out under sion 145 ofthe 2011 Act and in carrying out my examination, I have folkwj the app[ble DireclN)ns gNen by the Charity Commission under se(aion 145(5)Ib) of the Aci. I have completed my examination. l eDnfimi that no material matters have ome to my attent¥)n (other than that disclosed below"} in connectmjn wlth the examinath)n whth gi¥es me cause to l)elieve th in, any mateiial rest( ac£CnI1ng [OrdS were not kept in accordance vdth section 130 of the Act or the nts do not arxord wilh the UtIng records Independent examinerfs statement I have no Conc and have come across no other matters in connection with the examinathjn to whth attentw)n shId be drawn in order to enable proper understanding of Ihe unts to te reached. ' Please ddete the words fft the brnckets rfthey do not 8ppty Signed: 4th March 2024 Ilame: V6vek KapKxy Relevant professlonal qualffication{s) or body Irf any): The Institute of ChartereAJ Acc#)untants in Engtand 8nd Wates (ICAEW). Address: FlcM)r, 167 Fleet Street London EC4A 2EA IER October 2018
Section B Disclosure Onty cornwe ifthe examiner needs to highlight matters of concem {see CC32, IndeFendent examination of charity acpwnts: direct$ and guidance for examiners). Glvo hore brlef detalls of any items that the examlner wishes to (Sisclose. IER October 2018
THE DIWALI FOUNDATION statement of financial Activities for the year ended 4 May 2023 Totsl 2022 Funds Funds 2023 Openin¥ balances 17.887 17W7 ncome Donations Gift ald 3fy393 3.329 93 3329 33063 4ffi5 Total Income 39.722 39,722 37.928 Exp•nditurÈ Fotsd & Hampers Computer and website costs Managing & AdminÈ5tering char Attounting fees 36.217 250 371 36,217 28.527 250 641 420 371 Total Expendlture 37.138 37.138 29A38 (Deficltl / Surplusforthè or Cb)sin¥ Balance 20A71 20A71 I787
THE DIWALI FOUNDATION Balance Sheet as at 4 May 2023 Note 2023 2022 Assets 8èlance at bank 21,358 18,727 21,358 18,727 iiabilEties Creditor5 887 Net assets 20.471 17,887 Reprnted by". Unrestricted funds Re5tritted funds 20.471 17,887 20,4n 17.887 These financial ttatements were approved by the Ttee5 and authorised for issue and are Signed on their behalf by= Chair 4th March 2024 Dats
THE DIWALI FOUNDATION Notes to the accounts For the year ended 4 May 2023 Note I Statement of Com Ilance These financial ststernents have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Ststement of Recommended Practice applicable to charitie5 preparTrng their accounts in accordance with the Financial Reporting Standard applcable in the UK and Republic of Iland IFRS 1021 ltharities SORP IFRS 10211 and the Charities Act 2011. Note 2 Accountln Po5e5 Basls of prèpation The financial statements have been prepared underthe historical cost convention wlth Items cognised at cost or transaction valuè. The fina131 ststements are prepared in sterlin& which is the fvnrtional currency of the entity. Golng Con¢ern There are no material uncertaintyes about the thariws ability to continue. Accountin8 Unrestricted funds are available for use Jt the discretion of the trustees to further any of the charity's purposes. Rtricted funds a subjerted to $triCtIonS on thehreXpenditu dedared by the donor or through the terms of an appeal. Incomin8 Resources All income Ès included in the statement of financial activityes when entitlement has passed to the charity, it is probable that the economic benefjts associated with the transaction will flow to the Chailty and Ihe amouni cali IJ¥ rEll<ibly ffled5ured. The following 5pecitic policies are appiietj ro particular categories of Én¢ome'. income from charitabte activities 15 recognised when earnt. - income from other sources is rec¢ydDised when e4Vable. Resources Expended Expenditure is recognised on an accmals basis as a liabilFty is incurred. Expenditure includes anyVAT which cannot be fully recovered, and is d3ssified under headings of the 5t8tement of financial activities to which it relates. All costs are allocated to expendlture tategories refierting the use of the resource. Direct cost5 attributable to a single aCt[ty are allocated dirertty to that attivFty- Shared costs are apportioned bÈtween the activities they tontribute to on a reasonable. justifiable and consistent basis.
THE DIWALI FOUNDATION Notes to the accounts For the year ended 4 May 2023 Note I CrtditOF5 2022 Accrual