IRIS Accounts Production v23.3.1.45 Other Company accounts True false Pounds 1.6.22 31.5.23 31.5.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108814162022-05-31108814162023-05-31108814162022-06-012023-05-31108814162021-05-31108814162021-06-012022-05-31108814162022-05-3110881416ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-06-012023-05-3110881416ns11:Original2022-06-012023-05-3110881416ns15:PoundSterlingns11:Original2022-06-012023-05-3110881416ns11:Original2022-05-3110881416ns11:Original2023-05-3110881416ns11:Originalns11:FRS1022022-06-012023-05-3110881416ns11:IndependentExaminationCharityns11:Original2022-06-012023-05-3110881416ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-06-012023-05-3110881416ns11:Originalns11:FullAccounts2022-06-012023-05-3110881416ns11:Originalns11:CharitiesSORP2022-06-012023-05-3110881416ns11:Original2021-06-012022-05-3110881416ns11:Originalns16:EnglandWales2022-06-012023-05-3110881416ns11:Originalns11:RegisteredOffice2022-06-012023-05-3110881416ns11:Originalns0:Trustee12022-06-012023-05-3110881416ns11:Originalns0:Trustee22022-06-012023-05-3110881416ns11:Originalns0:Trustee32022-06-012023-05-3110881416ns11:Originalns0:Trustee42022-06-012023-05-3110881416ns11:Originalns0:Activity82022-06-012023-05-3110881416ns11:Originalns0:Activity82021-06-012022-05-3110881416ns11:Originalns0:Activity92022-06-012023-05-3110881416ns11:Originalns0:Activity92021-06-012022-05-3110881416ns11:Original2021-05-3110881416ns11:Original2022-05-3110881416ns11:Originalns10:WithinOneYear2023-05-3110881416ns11:Originalns10:WithinOneYear2022-05-3110881416ns11:Originalns0:TotalUnrestrictedFunds2023-05-3110881416ns11:Original22022-06-012023-05-31
REGISTERED COMPANY NUMBER: 10881416 (England and Wales)
REGISTERED CHARITY NUMBER: 1178543














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

KNP TRUST LIMITED

KNP TRUST LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 9

KNP TRUST LIMITED (REGISTERED NUMBER: 10881416)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2023


The trustees present their report with the financial statements of the charity for the period ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES
Objectives and aims
- The restoration, renovation, rebuilding or building of temples in Sri Lanka either directly or indirectly;

- Funding, either directly or indirectly, of any organisation associated with disability or disadvantaged people of Sri Lanka

- The restoration, rebuilding and renovation of the Royal Temple of Jaffna, The Kailsa Natha Pillayar Kovil ((KNP - also known as Kailasa Natha Kovil and Kailasa Pillayar Kovil) of Nallur Jaffna including any purchases or additional land for the Temple. In particular:

- The building of the Amman Kopuram (entrance gate house to the Amman Deity)

- The construction of the chariot for the Sivan Ther and the building of its garage (Ther Mutti)

- The building of the main Kopuram and or other Kopurams of the temple

- General renovation work

- The restoration of the most ancient Thiruketheeswaram Temple of Mannar. In particular;

- The building of the Vimanam for the Amman Temple

- The building of the Temple for the Lord, Sri Renganathan statue donated by Dr & Mrs Raja Rayan including the purchase of any land to facilitate the project

- To support the Madavam project for children with autistic spectrum disorders;

- To Any other similar benevolent project deemed worthy by the Board of Trustees from time to time

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10881416 (England and Wales)

Registered Charity number
1178543

Registered office
Advaita
4 Seven Acres
Northwood
Middlesex
HA6 3JZ

Trustees
Mrs Ahila Raja Rayan
Lady Gayatri Arulkumaran
His Honour Judge Pillay
Mr Vinay Lakhani

All trustees are directors of the charitable company.


KNP TRUST LIMITED (REGISTERED NUMBER: 10881416)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mr Sanjay Anand FCCA
Waterfords Europe Limited t/a Jon Avol Waterfords
204 Field End Road
Eastcote
Middlesex
HA5 1RD

REVIEW OF CHARITABLE ACTIVITIES
The KNP Trust Limited has made good progress during the year under review by raising gift aid and other donations amounting to £50,006 (including income tax reclaimed on gift aid donations) for the advancement of its activities.

In 2023, the Trust has continued with its main objective of restoration and renovation of Temples in Sri Lanka, by funding the reconstruction of the Nallur Vishnu Temple for Lord Ranganathar.

The Trust also restored and renovated Sinnammah Vidyasalai, a school for under-privileged children in Sangarathai, Sri Lanka, including provision of new school furniture, a Smart Board and other educational aids.

Approved by order of the board of trustees on 12 August 2023 and signed on its behalf by:





Mrs Ahila Raja Rayan - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
KNP TRUST LIMITED

Independent examiner's report to the trustees of Knp Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Mr Sanjay Anand FCCA

Waterfords Europe Limited t/a Jon Avol Waterfords
204 Field End Road
Eastcote
Middlesex
HA5 1RD

12 August 2023

KNP TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2023

31.5.23 31.5.22
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 50,006 90,932

Investment income 2 - 17
Total 50,006 90,949

EXPENDITURE ON
Raising funds - 2,750

Charitable activities
Institutional Grant 35,675 -
Other resources expended - 107,831

Other 1,107 1,102
Total 36,782 111,683

NET INCOME/(EXPENDITURE) 13,224 (20,734 )


RECONCILIATION OF FUNDS
Total funds brought forward 14,656 35,390

TOTAL FUNDS CARRIED FORWARD 27,880 14,656

KNP TRUST LIMITED (REGISTERED NUMBER: 10881416)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 5 10,001 -
Cash at bank 18,479 15,136
28,480 15,136

CREDITORS
Amounts falling due within one year 6 (600 ) (480 )

NET CURRENT ASSETS 27,880 14,656

TOTAL ASSETS LESS CURRENT LIABILITIES 27,880 14,656

NET ASSETS 27,880 14,656
FUNDS 7
Unrestricted funds 27,880 14,656
TOTAL FUNDS 27,880 14,656

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 12 August 2023 and were signed on its behalf by:





Mrs Ahila Raja Rayan - Trustee

KNP TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME
31.5.23 31.5.22
£    £   
Other income - 17

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.



KNP TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 90,932

Investment income 17
Total 90,949

EXPENDITURE ON
Raising funds 2,750

Charitable activities
Other resources expended 107,831

Other 1,102
Total 111,683

NET INCOME/(EXPENDITURE) (20,734 )


RECONCILIATION OF FUNDS
Total funds brought forward 35,390

TOTAL FUNDS CARRIED FORWARD 14,656

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 10,001 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Accruals and deferred income 600 480

7. MOVEMENT IN FUNDS
Net
movement At
At 1.6.22 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 14,656 13,224 27,880

TOTAL FUNDS 14,656 13,224 27,880

KNP TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 50,006 (36,782 ) 13,224

TOTAL FUNDS 50,006 (36,782 ) 13,224


Comparatives for movement in funds

Net
movement At
At 1.6.21 in funds 31.5.22
£    £    £   
Unrestricted funds
General fund 35,390 (20,734 ) 14,656

TOTAL FUNDS 35,390 (20,734 ) 14,656

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 90,949 (111,683 ) (20,734 )

TOTAL FUNDS 90,949 (111,683 ) (20,734 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.6.21 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 35,390 (7,510 ) 27,880

TOTAL FUNDS 35,390 (7,510 ) 27,880

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 140,955 (148,465 ) (7,510 )

TOTAL FUNDS 140,955 (148,465 ) (7,510 )

KNP TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2023.