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REGISTERED COMPANY NUMBER: 10572775 (England and Wales)
REGISTERED CHARITY NUMBER: 1171492


















TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GNANAVIJAYAM FOUNDATION
(A COMPANY LIMITED BY GUARANTEE)

GNANAVIJAYAM FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Reference and Administrative Details 1

Trustees' Report 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Statement of Financial Position 6

Notes to the Financial Statements 7 to 11

GNANAVIJAYAM FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 JANUARY 2024



TRUSTEES P Cumarasamy
V Cumarasamy (deceased 17/8/2023)
M Sri Ragavan


REGISTERED OFFICE 3 Oakview Gardens
Langley
Slough
England And Wales
SL3 8PL


REGISTERED COMPANY NUMBER 10572775 (England and Wales)


REGISTERED CHARITY NUMBER 1171492


INDEPENDENT EXAMINER Punitha Limited
Chartered Certified Accountant
146 Judge Heath Lane
Hayes
Middlesex
UB3 2PF

GNANAVIJAYAM FOUNDATION (REGISTERED NUMBER: 10572775)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2024



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 January 2024. 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
Objectives and activities
The Objects are specifically restricted to such purposes which are exclusively charitable under the laws of England and wales as the trustees shall in their absolute discretion determine, including (but not limited to):

1 The advancement of the Hindu religion for the public benefit and
2 The advancement of education for the public benefit, anywhere in the world, but especially in Sri Lanka and the United Kingdom of Great Britain and Northern Ireland.

STRATEGIC REPORT
Achievement and performance
Charitable activities
There were no income during the year or in previous year.

The level activity had reduced during this period due to the general health of the senior Trustee Mr. V. Cumarasamy. However, during the current period and going forward, the charity plans to actively support the activities at small temples and tuition centers.

Financial review
Financial position
The charity did not receive any income during the year (2023-Nil).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company was incorporated on the 19 January 2017 in Engaland & Wales and governed by the Memorandum and Articles of Association.

Trustee induction and training
All trustees are familiar with the work of the charity. Considering the nature of the charity, it was considered not necessary to attend any training courses, but the website of the Charity commission was given to all trustees.

Management
The directors and trustees named on page 1 have served throughout the period. The Articles of Association of the company govern the appointment of the directors/trustees.
They have no beneficial interests in the company. The liability of each director/trustee is a maximum of £1.00. All the directors of the company are trustees of the charity.

Risk management

The trustees review the financial systems on a regular basis and believe that there is hardly any risks in its charitable objectives


GNANAVIJAYAM FOUNDATION (REGISTERED NUMBER: 10572775)

TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2024


This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 14 October 2024 and signed on the board's behalf by:





P Cumarasamy - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GNANAVIJAYAM FOUNDATION


Independent examiner's report to the trustees of Gnanavijayam Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.

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.








Rahini Kathirgamanathan FCCA

Punitha Limited
Chartered Certified Accountant
146 Judge Heath Lane
Hayes
Middlesex
UB3 2PF

14 October 2024

GNANAVIJAYAM FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   

EXPENDITURE ON
Charitable activities 3
Expenditure on Charitable activities 31,391 240

NET INCOME/(EXPENDITURE) (31,391 ) (240 )


RECONCILIATION OF FUNDS
Total funds brought forward 40,714 40,954

TOTAL FUNDS CARRIED FORWARD 9,323 40,714

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

GNANAVIJAYAM FOUNDATION (REGISTERED NUMBER: 10572775)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank 9,683 41,074

CREDITORS
Amounts falling due within one year 9 (360 ) (360 )

NET CURRENT ASSETS 9,323 40,714

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,323

40,714

NET ASSETS 9,323 40,714
FUNDS 10
Unrestricted funds:
General fund 9,323 40,714
TOTAL FUNDS 9,323 40,714

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 14 October 2024 and were signed on its behalf by:





P Cumarasamy - Trustee

GNANAVIJAYAM FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 3 Oakview Gardens, Langley, Slough, SL3 8PL

2. 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.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Going concern
There are no material uncertainties about the charity's ability to continue.

Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefits of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

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

Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

GNANAVIJAYAM FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Limited by guarantee
The company is limited by guarantee. The liability of members, in case of winding up, is limited to a sum not exceeding £1 per each member.

3. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 4) note 5) Totals
£    £    £   
Expenditure on Charitable activities 31,150 241 31,391

4. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Donation-UK 1,150 -
Gnanavijayam Foundat-Sri Lanka 30,000 -
31,150 -

5. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
Expenditure on Charitable activities 61 180 241

Support costs, included in the above, are as follows:
2024 2023
Expenditure
on
Charitable Total
activities activities
£    £   
Bank charges 61 60
Independent examination fee 60 60
Accountancy fee 120 120
241 240


GNANAVIJAYAM FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. INDEPENDENT EXAMINATION FEE
2024 2023
£    £   
Independent examiner’s fee 60 60

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricte
fund
£   

EXPENDITURE ON
Charitable activities
Expenditure on Charitable activities 240

NET INCOME/(EXPENDITURE) (240 )


RECONCILIATION OF FUNDS
Total funds brought forward 40,954

TOTAL FUNDS CARRIED FORWARD 40,714


GNANAVIJAYAM FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 360 360

10. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 40,714 (31,391 ) 9,323

TOTAL FUNDS 40,714 (31,391 ) 9,323

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (31,391 ) (31,391 )

TOTAL FUNDS - (31,391 ) (31,391 )


Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 40,954 (240 ) 40,714

TOTAL FUNDS 40,954 (240 ) 40,714

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (240 ) (240 )

TOTAL FUNDS - (240 ) (240 )

GNANAVIJAYAM FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. MOVEMENT IN FUNDS - continued

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

Net
movement At
At 1.2.22 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 40,954 (31,631 ) 9,323

TOTAL FUNDS 40,954 (31,631 ) 9,323

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 - (31,631 ) (31,631 )

TOTAL FUNDS - (31,631 ) (31,631 )

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024 ( 2023-Nil)