TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Company limited by guarantee

Company Registration Number:
02962857 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The Association's principal activity is to provide advisory, legal casework and representation services for Tamil speaking community in the UK, to Forster and promote good race relations between such person of all groups within the area of benefit.

Political and charitable donations

No donation or political involvement.

Additional information

Auditors name, Company solicitors, registered office, Examiner's report.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

P Chandradas
S Muthucumarasamy
T Thayaparan
P Vigneswaramoorthy
K Thiyagarajah
J Paramsothy
T Wijeyaratnam
S Gajavathanan
K Paramasivam


The director shown below has held office during the period of
1 January 2023 to 23 August 2023

R Rajanavanathan


The director shown below has held office during the period of
11 June 2023 to 31 December 2023

S Jivathas


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
14 February 2024

And signed on behalf of the board by:
Name: P Chandradas
Status: Director

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 247,276 163,352
Cost of sales: ( 149,501 ) ( 111,917 )
Gross profit(or loss): 97,775 51,435
Operating profit(or loss): 97,775 51,435
Interest payable and similar charges: ( 10,000 )
Profit(or loss) before tax: 97,775 41,435
Profit(or loss) for the financial year: 97,775 41,435

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 360,549 361,277
Total fixed assets: 360,549 361,277
Current assets
Debtors: 4 18,224 11,667
Cash at bank and in hand: 266,149 179,680
Total current assets: 284,373 191,347
Creditors: amounts falling due within one year: 5 ( 20,674 ) ( 16,950 )
Net current assets (liabilities): 263,699 174,397
Total assets less current liabilities: 624,248 535,674
Creditors: amounts falling due after more than one year: 6 ( 112,190 ) ( 121,392 )
Total net assets (liabilities): 512,058 414,282
Members' funds
Profit and loss account: 512,058 414,282
Total members' funds: 512,058 414,282

The notes form part of these financial statements

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 14 February 2024
and signed on behalf of the board by:

Name: P Chandradas
Status: Director

The notes form part of these financial statements

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided using the following rates and bases to reduce by annual instalments the cost, less estimated residual value of the tangible assets over their estimates useful lives. Fixtures and fitting 15% reducing balance. No depreciation is provided on freehold buildings as it is the company's policy to maintain these so as to extend their useful lives.

    Intangible fixed assets amortisation policy

    some fixed assets are applied with depreciation in 5yers plan, and some asserts are under the 10year or more depreciation deduction plan.

    Other accounting policies

    Basis of Accounting: The financial statement has been prepared under the historical cost convention and are in accordance with the applicable accounting standards. Incoming Resources: This includes grants received, membership fees, bank interest and donations received. Deferred Taxation: Deferred taxation is prepared where there is a reasonable profitability of the amount becoming payable in the foreseeable future. Leasing and hire purchase: Rentals payable under operating leases are taken to the profit and loss account on a straight-line basis over the lease term.

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 356,420 49,468 405,888
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 356,420 49,468 405,888
Depreciation
At 1 January 2023 44,611 44,611
Charge for year 728 728
On disposals
Other adjustments
At 31 December 2023 45,339 45,339
Net book value
At 31 December 2023 356,420 4,129 360,549
At 31 December 2022 356,420 4,857 361,277

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 18,224 10,864
Other debtors 803
Total 18,224 11,667

Other debtors are minus 1137 and the payment and accrued grant income is 19361 total 18224. Note: Minus amount is not accepting so we have deducted the value.

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 15,201 12,443
Taxation and social security 392
Accruals and deferred income 4,115
Other creditors 5,473
Total 20,674 16,950

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 112,190 121,392
Total 112,190 121,392

TAMIL WELFARE ASSOCIATION (NEWHAM) U.K.

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Financial Commitments

The directors recommend that £32000 be transferred from the unrestricted funds to the designated fund account. The company is a registered charity and hence no dividends are payable.