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REGISTERED COMPANY NUMBER: 11617576 (England and Wales)
REGISTERED CHARITY NUMBER: 1180904


















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

DR SAM EDUCATION CENTRE

DR SAM EDUCATION CENTRE

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










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Statement of Financial Position 4

Notes to the Financial Statements 5 to 8

DR SAM EDUCATION CENTRE (REGISTERED NUMBER: 11617576)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 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 2019).

OBJECTIVES AND ACTIVITIES
Our Motto
Only the educated are free

Our Vision

Our vision is to change and free the lives of as many children as possible

Our Mission

Our mission is to provide a safe, secure and enjoyable environment for children to achieve their potential by education and good behaviour.

Our Achievements

The centre was started in Sri Lanka on 8th October 2016 with 30 students to learn English and IT. It soon developed to provide the main eight subjects namely Mathematics. Science, English, Tamil, IT, History, Geography, and Civics helping 75 students. The first anniversary was celebrated on 14th October 2017 and it is hoped to have many more anniversaries.

In addition to providing academic teaching the centre also organised two days course for parents and children on nutrition, healthy living and above all good behaviour

Charity's main aim is to run the centre in Sri Lanka which is currently funded by related Dr Sam foundation in Sri Lanka. Due to Covid restrictions the founder Trustee is finding it difficult to travel to UK and setup the bank hence there have been no transactions during the year under review.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, memorandum and articles and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
11617576 (England and Wales)

Registered Charity number
1180904

Registered office
45 Durlston Road
Kingston-Upon-Thames
KT2 5RR

Trustees
Mrs I Jegarajah Founder Director
K W Kailasanathan Manager, Nursing Home
T Sivarajah Aerospace Systems Engineer (resigned 4/9/2023)


DR SAM EDUCATION CENTRE (REGISTERED NUMBER: 11617576)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2023


TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of Dr Sam Education Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 29 July 2024 and signed on its behalf by:





Mrs I Jegarajah - Trustee

DR SAM EDUCATION CENTRE

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 OCTOBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,489 6,021

Investment income 2 38 -
Total 1,527 6,021

EXPENDITURE ON
Charitable activities 3
Expenditure on charitable activities 3,062 -

NET INCOME/(EXPENDITURE) (1,535 ) 6,021


RECONCILIATION OF FUNDS
Total funds brought forward 6,703 682

TOTAL FUNDS CARRIED FORWARD 5,168 6,703

DR SAM EDUCATION CENTRE (REGISTERED NUMBER: 11617576)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 5,168 6,703

NET CURRENT ASSETS 5,168 6,703

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,168

6,703

NET ASSETS 5,168 6,703
FUNDS 7
Unrestricted funds 5,168 6,703
TOTAL FUNDS 5,168 6,703

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 29 July 2024 and were signed on its behalf by:





I Jegarajah - Trustee

DR SAM EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 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.

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.

Limited by guarantee
Dr Sam Education Centre is a company limited by guarantee not having a share capital. Every member of the company undertakes to contribute such amount as may be required (not exceeding £ 1) to the company's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member.

2. INVESTMENT INCOME
2023 2022
£    £   
Deposit account interest 38 -


DR SAM EDUCATION CENTRE

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


3. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 4) Totals
£    £    £   
Expenditure on charitable activities 3,024 38 3,062

4. SUPPORT COSTS
Management Finance Totals
£    £    £   
Expenditure on charitable activities 13 25 38

Support costs, included in the above, are as follows:
2023 2022
Expenditure
on
charitable Total
activities activities
£    £   
Sundries 13 -
Bank charges 25 -
38 -

5. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricte
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,021
NET INCOME 6,021


RECONCILIATION OF FUNDS
Total funds brought forward 682

TOTAL FUNDS CARRIED FORWARD 6,703

DR SAM EDUCATION CENTRE

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


7. MOVEMENT IN FUNDS
Net
At movement At
1.11.22 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 6,703 (1,535 ) 5,168

TOTAL FUNDS 6,703 (1,535 ) 5,168

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,527 (3,062 ) (1,535 )

TOTAL FUNDS 1,527 (3,062 ) (1,535 )


Comparatives for movement in funds

Net
At movement At
1.11.21 in funds 31.10.22
£    £    £   
Unrestricted funds
General fund 682 6,021 6,703

TOTAL FUNDS 682 6,021 6,703

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 6,021 - 6,021

TOTAL FUNDS 6,021 - 6,021

DR SAM EDUCATION CENTRE

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


7. MOVEMENT IN FUNDS - continued

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

Net
At movement At
1.11.21 in funds 31.10.23
£    £    £   
Unrestricted funds
General fund 682 4,486 5,168

TOTAL FUNDS 682 4,486 5,168

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 7,548 (3,062 ) 4,486

TOTAL FUNDS 7,548 (3,062 ) 4,486

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 October 2023 nor for the period ended 31 October 2022.