REGISTERED CHARIT). NL'IIBER: 800821 REPORT OF THE TRL'STEES AND LIN.4LDITED FINANCIAL ST.4TEIIENTS FOR THE )'EAR EYDED 31 lARCH 2024 FOR SRIL.4NK.4N .IIEDIC.4L AIND DENT.4L ASSOCIATION IIN THE LNITED KIPIGDONI SPC Naihan5 Chanered Certified Accounwi Suile 201. AIRIVO 69-7) Boston N48nor Road Brentlord TW8 9JJ
SRILANK4N ,IIEDIC.4L AND DENTAL ASSOCIATIO.N 1.% THE L.%ITED t¥lNGDO%I CO.%TENI TS OF THE FIN.41%CIAL STATEIIENTS FOR THE I'EAR ENDED 31 IIARCH 2024 Paoe Rewjn of ihe Truslees l io Independeni Eiaminerfs Report Staiemeni ol" Financial .4ciii"ilies Siaiement of Financial Posiiion Noies io the Financial s[ernents 69
SRIL.4NIK.4N IIEDIC.4L IND DENTAL.4SSOCI..ITION IN THE I NI I ED l¥lNGDO%I REPORT OF THE TRI'STEE5 FOR THE l EIR ENDED 31 .11.4RC"H 2024 The irusiccs presL"ni iheir repx)rt li iih the Iinaniial siaiemen15 01-Ihe Lhariti for ihe i ear ended 31 Ilarch ?0?4. The Irusiee5 liai e ad(IPlLxI ihe proi isit)ns ol-..Iciouniin! Jnd Repi)ninL b! CharitlC5: SiaiemLni ol. RecommL'nded PraciiL¢ applicable io chariiies prLPdrino iheir aLLounis in nLe 1% iih ihe F inancial Reporiing Siandard applicable in ihe L'K und Ireland I FRS I O? I iel'leciii e l Januan 0191. OWECTII'ES .4ND ACTII'ITIES Objectii'es and Aims. Sri l.aiikan Xlcdiial anJ Denial .4sSOLiaiion in ih¢ L'niied kinqthym is Conliu1ed b! I"rusi De¢d. and lis main obje¢iii e is (o ddi ancL and assisi undergradutsie iiiedical and denial educaiion in Sri Lanka. The pnlici ol. Sri Lank"an Iledical and Denial .4550¢iaiion continues 10 be 10 d¢rii (' lis income froTn re8ylar donaiions Irom inJii iduals and lund-raisino Li enTS and 10 spend on projecis in aicordance li iih ihe Trusi's obiecis. Public benefit Th¢ IrLlSiees ol- Ihe chariii ci)nlirni ihai ihty hai e ionsidcred the Chariii Commission's general guidanLe on publi4 benelil and lh¢ requirem¢nis ol"s4 01. Ihe Chariiies Aci ?0 I l in ihis area. Grani maklD2 Granis ar¢ made ai ihc dislreiion ol'the irusiees and in accordan¢e Ki ith ihe priniipal Obje¢1 es of ihe charil!. ACHIEI'EIIENT AND PERFOILIIANCE ChAriiable a¢tii'i¢j¢S The unresiricied donJLicins rixeiied durine ihe lear amvunied 10 £76.03? 1?0?3 £50.5031. Charil! also receii cd - J-£78.1 gj l in respeci ol'Healih aid appeal. The Irusiees are d¢li¥hied io retK)ll the! iiere able 10 con(inue their £4 ?161?n" conlribuiion 01. £4.500 tv Sri Lank3n Lnii er%iiie5 in respeci ol. Humanitarian aiiards. lor a lurther i eor. FIN'.4NCI.4L REI-IEII. Rtserves poli¢ The resen es polic% is io ensure ihai there is 4 5uificicni siream of fund to meei the ongoing ealls made on ihe charii!. FL'TLRE PLANS There are no curreni plans to change ihe aciii iiies or modus operandi in ihe near luiure. STRI'CTI:RE. COI'ERN.4NCE AIND .IIAN.4GEIIEINT Goi'erning documtnl The LhariiN is conirolled h its 801 ernino docLbment. a deed ol"Iruy. and consiituies an unin¢orpor8ied charity. Recruiiment and appointment of trustees Truslees li ill appl!. suitable recruitsneni and iraining procedures iihen app)iniin8 neil Trusiees. Rlsk minagemenl The irusiees are aiiare ol. Iheir dul! io ideniiti and m.ieii the risks io ilhieh ihc chariii is eiposed and 10 ensure appropriaie conirols are in place io proi ide reasonable a5suran¢e agains1 Iraud and error. REFERENCE AND.4DIIINISTR4TII'E DETAILS Registered Charit> number 8008?1 Prlncip¥l Addrtss 131.4 Xlelton Road esi Brid8lord Nottingham G? 6FG Paoe I
SRIL.4NK.4N IIEDIC4L.4ND DENT.4L.4SSOCI.4TION ]% THE L NITED F4lNGDO%I REPORTOF THE TRI'STEE5 FOR TIIE )'EAR ENDED 31 11.IRCII 2024 Trustees Dr. li l Klanohar Dr. T RodriEo Dr. R Amarasena Dr L Alii'is IResioned ? Ilai ?0?41 REFERENCE .4ID ADIIINISTIi4TII"E DET.41LS Independent examiner ' Sell anaihan FCCA SPC Xaihans Chartered Certilied .Iccounianis Suiie ?01..41RIK'O 6q-7i Bosion X.lanor Road Breniford Tll'8 9JJ Appr db rder of the iK)ard ofirusiees on l Jul% ?0?4 arKI signed on its behaifb!: DrR. Trusi arasena
INDEPENDENT EX.4111NER'S REPORT TO THE TRLSTEES OF SRIL.411 .IIEDIC.4L .4.ND DENT.4L .4SSOCI.4TION IN TIIE I NITED IklNGDO%I Indeptndent exAminer's report ¢0 the trustees of Sri Lankan .Iledical and Dental .4ssociation in the L'nited IKingdom I reFM)n io Ihe iharii! irusiees on mi eNaniinaiion ol- IhL' aiiounis ol. Sri Lankan Kledical and Dental Ass()ciaiion in the Uniied kinodom lih¢ Trusll lor ihL ! car LnJed i I Ilarih :O74. Re5ponsibililies and basis of report As the Lhariii irusiees ol- IhL Trus1. i ou ure reswnsible lor ihe preparaiion ol- the accounis in accordance iiith the requiremenis ot. Ihi Charitlcs .4ci ?0 I I I'thl .4ci'l. I rewrt in re5peLi ol- n)! e.xaminaLiI)n c)l- lh¢ TrusL'S aicounis ionduiied unJ¥r seciion 14) ol- Ihe Aci and in cnnduLiing m! ¢iaminaiion I haie lolloill all dpplicablL Direciions gil en bi ihL L hariii Lommission under 5eciion 1451 i Iibi of Ihe .4ci. Indeptndtnl tiaminer's st#tement I hai e compleied MN Lxaminaiiort. l Lonlirni thai no maierial mailers hai e come 10 m! aiienlion in conncciion ii.iih ihe eKaminaTion 811 ing me cause io beliei e ihai in ani maierial respeci: accouniing record5 ilere noi kepi in respL"ci of ihe Trusi as required b! seciion l JO ol- lh¢ .4ci: or Ihe accounis do noi accurd li iih ihose records. or Ihe acLounis do noi compli iiiih ihe appliiablc rcquiremenis concerning ihe form and conteni ofaccounls sei oui in ihc Chariiies IA¢counis and Repon51 Regulaiions 7008 oiher ihan an! re4uirem¢ni ihai Ihe 2ccounts gil e a true and fair i ieii iihi¢h is noi a maiter considered as pan of an independL'nt examinalion. I confirm ihai ihere are no oiher mall¢r5 10 iihich lour arteniion should be drai¥n io enable a proper undersianding of the accoun15 10 be r¢aLhed. -' Sell anaihan FCC.4 SPC Naihans Chanered Certified Accounuinis Suite ?01. .4IRI I'O 69-75 Boston Ki lanor Road Breniford Tll 8 9JJ l Juli 1024 Page i
SRIL.4Nl.4.IIEDlC.lL.41D DENT.4L.45SOCI.4TION [% THE I %ITED IKINGDONI ST.4TEIIENT OF FI%.4NCI.4L.4CTII'ITIES FOR THE I E.4R ENDED31 11.4RC"H 2024 31.0) ?4 "l oial lunds 31.03 •3 Total lunds INCO.NIE Donaiions lember5hip FLind raisino ei ¢nis Klis¢LllartLOUS income Bank. inter¢si 14ealih .4id .4ppeal rccLiPIS 5.081 70.697 146 108 4.?16 4.10? 46.118 100 78.193 Total 80.?48 128.696 EIPENDITbRE ON Charitable Aotii'ities Fund raising ei enis cosi Nledical Supplies Books io Kledieal Libraries Humaniiarian .4iiards- SL L nii ersiiies Health .4id Pai ments 7.545 15.874 4.500 00 3.000 4.500 77.137 Governanee eosis 'eb cosis Bank charges Accountanc) and independent examination lee Miscelliineous 600 ?10 600 180 1.080 117 ?57 Total 118.731 YET INCO%IEIIE.XPEJDJTL RE) 1?.4?7) 9.96) RECONCILIATIO OF FLNDS Total fund5 brought forward 78.491 68.5?6 TOTAL FLNDS CARRIED FORM'ARD 76.064 78.491 The noies forn pan of these financial ststements Page 4
SR[L.4*' IIEDIC.4L .4ND DENT.4L.45SOCIATION IN THE L NITED KINGDO.11 ST.4TEIIENT OF FINANCIAL POSITIO .4S.4T 31 11.4RCH 2024 31.03?4 Total lunds Toial funds CL'RRENT.4SSETS Cash at bank Debtors- PrLpa! ments 74.711 4.150 77.117 6.771 78.861 8i.88i CL,RRENT LI.4BILITIES Crediiors Accruals l.i97 1.080 2.797 j.39? YET.4SSETS 76.064 78.491 L nresiricied funds 76.064 78.491 TOT.4L FLT.YDS 76.064 78.491 The financial siatcments iiere approi ed . the Boord of TTUSiees on l Jul! ?0?4 and ii'ere signed on behalf b!": DrR. Trusiee ena The noies fomi p2rt of these financial siaiements Page i
SRIL.411K4N )IEDIC.4L.I%D DENTAL.4SSOCI.4TION 11 THE I'NITED KI.NGDO.11 OTES TO THE FIN4NCIAL ST.4TEIIENTS FOR THE I E.4R ENDED31)I.ARCH 2D24 .4CCOLTNTING POLICIES Basis of preparing the flnancill statements The IinanLial siaiemenis ol. lh¥ charii!. li hiih 15 a public knelii ¢ntil% undcr FRS I O? hai e been prepared in ac¢ordance iiiih ihe Chariliis SORP IfRS IOJI ..Iccuuniint and Reporting b! Chariiies.. slemen1 of Recommended Prailict appliiablL' [() Lhariiies preparing iheir accounts in J¢¥ordanLL' il ith the Financial Reponin Siandard applicable in ihL L k and Republii ol- Ireland i FRS 101 I lel)cciii e l JJnuJp •019 I,. FinanLial Rcportino Siandard 1117 IThe Findniial R¢ponino Siandard applicablL in ihc I'K and Republic ol- Ireland. and ihe Charities .4Lt •0 I l. The Iinaniial staiemenis hai e bLen prepared und¢r Ihe hisiurical cosl ioni ¢nlion. Income .411 inLome is reeognised in the Stsiement ol. Financial .4etii ities once ihe charli% has eniiilement io the funds. li 15 probable thai (he inLome li ill . riceii ed. and ihe amouni can be measured reliabli. Expenditure Liabililic5 are recogntsed as expenditure as soon as ihere is a legal or consinjctii e oblioaiion comrnining the charil! 10 thai expenditure. it is probable ihai a transler of economic benefiis li ill be required in seLilemeni and Ihe amouni of Ihe oblioaiion can b¢ m¢asur¢d rcliabli. E.xpenditure is accounied lor on an accruals basis and has been Clsir1ed under headin05 ihai aogreoaie all cosi relaied io the caieoor%. Il"here cosis cannoi be direeils aiiributed to particular headings. Ihei haie been allo¢aied io aciii iiies on a basi5 consisieni iiith the use of resources. Grants 017ered subjeei io condiiions ii'hTrch hai e noi been md at the ! earvend date are noted as a commiimeni bui noi accrued as expendiiure. Tgxation The chariTh' is e_xempi from on lis Charlble aciii ities. Fund aceounting Lnre51ricted lund5 can be used in accordance ii'ith the chariiable objeaiies at ihe discretion of Ihe iru51ee5. Restricted funds can onli be used lor resiricied wrEK)ses i¥ ithin ihe objects of ihe charill. Resirictions arise i%"hen specified M" the donor or ii.hert funds are raised for resirieied purwses. Further eNplanaiion ol-the naiure and purwse of each fund is included in the noies io ihe tinancial siaiemenis. TRLSTEES. RE.%IL,NI E114TION .4ND BE,NEFITS There ii'ere no trnsiees. remuneraiion or other benefiTs for the ! ear ended J l Klarch ?0?4 nor for Ihe ! ear ended 31 Imarch ?0? Tru5tees' eApeDses There ii'ere no irusiees. expenses paid for ihe l'ear ended i l March ?0?4 or for ihe l'ear ended 31 larth 20?3. Paee 6
SRIL.4S5k.IN IIEDIC.IL.4ND DENT.4L.45SOCIATION IN I IIE l Ni"fED IKINGDOII OTES TO THE FIN4NCI.4L ST.4TEIIENTS- CO%TINL ED FOR THE I'E.IR ENDED31 11.4RC14 2024 COIIP.41L4TII'ES FOR THE ST.4TEIIENT OF FIN.INCI.4L.4CTII"ITIES FOR THE I'EAR 2023 Resirieied lund nri%ifiilLd fund Toial INCO)IE Donations lembership Fund raising ei ¢n15 Bank inieresl liseellaneous incomL Healih .4id.4ppeal Receipis 4.10? 4.10? 46.1?8 100 173 78.19i Tot21 1 ?8.696 1 ?8.696 EXPENDITL'RE O Charitable actii ities General Hvdlih .4id Pai menis Humaniiarian .4i%ard5 - SL Lnii"ersities Goi ernance cosis 35.117 77.li7 4.ioo 1.977 77.137 4.iOO 1.977 Total 118.731 18.731 ET I)COIIEIIE.NPENDITLRE) 9.96) 9.965 RECONCILI.4TIO) OF FI'NDS Tolal funds brought forward 68.5?6 68.)26 TOTAL FLIDS C.4RRIED FORII'.4RD Page 7
SRIL.4Nl%.4N IIEDIC.4L.4ND DENT.4L.4SSOCI.4TION IN T14E L'NITED KINGDOII OTES TO T14E FIN.4NCI.4L S1'.4TEIIE%TS- CO)TISL'ED FOR THE I'E.4R ENDED 31 IIARCH 2024 I IOI'EIIENT 11 FL'NDS ei moi ement in Ivnds -4t l.J.?• Aiil.03.24 I,nrestricted funds General lund Resiricted funds 78.491 76.064 TOTAL FLNDS 78.491 76,064 'ei moi ement in lunds. includ¢d in ihe aboi c are as folloi%s-. Incomin4 resources Resources eipended loi emeni in tunds Unrestricied funds General lund Restrlcted funds 80.?48 18?.67 j) 12.427 TOT.4L FI'NDS 80.148 18? 67)) 1 ?.427} Comp8ratiTres for movement in funds let moi cmcni in funds Ai 1.4.?? At31.OiTr*J L'nrestrieted Funds General fund Restrtcted funds 68.5?6 9.96) 78.491 TOTAL FLN'DS 68. j?6 9.96) 78.491 Comparatii e nei moi emeni in funds. included in the aboi"e are as lolloiis- Incomino resources Resource5 eipended .%loi emeni in 1.unds Unrestricted fund5 General lund Rtstricted fund 1 ?8.fi96 1118.7ill 9.965 TOTAL FUNDS 1 78.696 9.965 Page 8
SRIL.4NK.4) IIEDIC.4L.4ND DENT.4L.4SSOCI.4TIO.N IN THE LNITED KINGDO.11 OTES TO THE FIN.4NCI.4L ST.4TEIIENTS- CONTI.NLED FOR THE I'E.4R ENDED 31 11.4RCH 2024 1101-EIIENT IN FLINDS- tonilnued .4 curreni i ear l ? monihs and prior ! Wdr I: months Combined nei moiement in funds. included in the aboi'e are Incoming resources Rewurces expended Moiemeni in funds L nresiricted funds General lund Restricied funds ?08.944 ?01.4061 TOTAL FLNDS ?08.944 1?01.4061 7.538 REL.4TED P.4RTI" DISCLOSL'RES There iiere no relaied part! irJnsaciions for ihe lear ended 3 1 March •O?4. Paee 9