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
Part￿cUlar 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