THE DIWALI FOUNDATION Charlty number: 1190061 FINANCIAL STATEMENTS PERIOD TO 4 MAY 2024 Plll Ferguson Maldment & Co
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Diwali Foundation On accounts for the year endad 4 May 2024 Charity no (if any) 1190061 Set out on pagès I report to thè truslees on my examination of the accounts oflhe above charity I'the Trust") for the year ended 410512021. Responslbilitles and As the charity trustees of the Trust, you ar8 responsible for the pr8par8tion basls of report of the 8ccoun15 in accordance wilh the requir8menls of the Charitl8s Act 2011 {"Ihe Acr). I report In respecl of my examination of the Trust's accounts carned out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under sedion 14515)Ib) of the Act. I have completed my examination. I confirm that no material matters have come lo my attention lolher than that disclosed below ') in connection with the examination which gives me cause to believe that In, any material respect: accounting r8cords were not kept in accordance with section 130 of the Act or the accounis do not accord with the accounting records Independent gxaminer's statement I have no concerns and have come across no other matters in connedion with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets if they do nol apply. Slgngd: Date: 25 February 2025 Name: Vivek Kapoor Rvlevant professlonal quallflcation(s) or body (if any).. The Institute of Chartered Accountants in England and Wales {ICAEW}. Address: 81h Floor, 167 Fleet Street London EC4A 2EA IER October 2018
Section B Disclosure Only complete if the examiner needs to highlight matters of concern {see CC32, Independent examination of charity accounts.. directions and guidanc8 for examiners). Glve here brief details of any items that the examiner wishes to dlsclose. IER October 2018
THE DIWALI FOUNDATION Statement of Flnanclal Activities for the year ended 4 May 2024 Note Unrestrl(ted Restrlrted Funds Funds Totsl 2024 Total 2023 Openlnl balances 20,471 20,471 17.887 Income Donation5 71,783 5,556 71,783 5,556 36.393 3.329 Glft aSd Total Incom 77.339 77,339 39.722 Exp•ndlture Food & Hamper5 Computer and webslte costs Mana8ing & AdmSnistering charlty Accountin8 fees 55,369 574 55,369 574 1.508 493 36,217 250 371 1,508 493 Total Expendlture 57,944 57.944 37.138 (Detlcltl I Surplu5 for thE year 19.395 19,395 2.584 Closlnl Balanc• 39,866 39,866 20,471
THE DIWALI FOUNDATION Balance Sheet as It 4 May 2024 2024 201J lance at bank 2485• Crndlwrs 39W 71 UnreJtrKtrd fvnds Re5trict•d fijnds 20M71 IOA71 fin•nd•l rtatem•nts wer• •pyo¥•d by ih• Trustws •nd author15•d for Issue •nd •r• siin•d on th•ir b*h•lf by: 25th Febwq 2025 Chair
THE DIWALI FOUNDATION Notes to the accounts For the year ended 4 May 2024 Note I Statement of Com Ilznte These financial statements have been prepared in cornpllance wlth FRS 102, 'The FlnancSal Reportln8 Standard applicable in the UK and the Republic of Ireland., the Statement of Retommended Practice applicable to charities preparlng their accounts in accordance with the Financial Reportin8 Standard applicable In the UK and Republic ol Ireland IFRS 1021 Icharltles SORP IFflS 10211 and the Charlties Act 2011. Note 2 Accountl Polltle Basls ol prEparatlon The financial statements have been prepared under the hlstorical cost conventlon with Items recognised at cost or transaction value. The fSnanclal statement5 are prepared in sterllng, which 5s the fuTrctional Currency of the Entlty. Goln8 Concern There afe no materlal uncertalntles about the charlty'5 ability to continue. Fund Atcauntlng Unrestrlcted funds are avallable for use at the dlseretlon ol the trustees to further any of the char5tVs purposes. Re5trlcted funds are subjected to re5trictlons on thelr expeThditure declared by the donor or through the terms of an appeal. Incoming R*sourc•s All Income is included In the statement ol financlal activ11ies when entltlement ha5 p355ed to the charity, it is probable that the economic benefits assoclated with the transaction wlll flow io the charity and the amount can be reliably rneasured. The followin8 speciflc pollcies are applied to PartcUlar categorSes ol income.. iniome from charitable actlvitles IS reco8nlsed when earnt. incorne frorn other sources Is recognised when receivable. Resources Empended Expenditure 15 recognlsed on an accruals ba515 as a liabllity Is Incurred. Empendlture includes any VAT whlch cannot be fully recovered, and is classified uridèr headings ol the statement of flnanclal artlvities to which It relaies. All costs are allocated to expenditure categories reflecting the use of the resource. Dirert C05t5 attrlbutable to a sin8le activity are allocated directly lo that activity. Shared costs are apportioned between the actSvities they contribute to on a reasonablei justifiable and consistent basis.
THE DIWALI FOUNDATION Notes to the accounts For the year ended 4 May 2024 Note I Credltors 2024 2023 Accrual 420 420 887