REGISTERED COMPANY NUMBER: 07877803 (England and Wales)

REGISTERED CHARITY NUMBER: 1148448

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

V4U UK LTD

(A COMPANY LIMITED BY GUARANTEE)

Page

Report of the Trustees

1

to

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

9

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 December 2025. 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 aims

Our vision is to relieve poverty and implement sustainable development for people affected by the civil war in Sri Lanka. We do this by supporting individuals, charity organisations and not-for-profit organisations that are helping the same cohort of people both in the UK and in Sri Lanka. We provide essential subsistence needs, help advance education and training, provide accommodation and initiate sustainable cottage industry income generating projects and improve water supplies. The charity also aims to provide well-being counselling and/or treatment to persons who suffer from illnesses, including mental or physical, of any description or in need of rehabilitation as a result of such illness.

Public benefit

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the Charity.

ACHIEVEMENTS AND PERFORMANCE

Summary for 2025

V4U sponsored a novel project this year working with Mathaku Media and the Prisoners Welfare Association (Sri Lanka), our local implementation partners with the facilitation of Dr K. Sugumar (Wallington,UK). The project supported the Open Prison in Batticaloa to set-up Handloom Training and Production facility for prisoners. The object was to train them with skill sets for employment when they are released from prison and to reduce the risk of re-offending. Prisoners are also motivated to earn an income while in prison by making saleable goods and therefore helping to support their families who have relied on their income. It was inaugurated on 29th August 2025. The operation was reviewed positively by officials from Department of Rural Industries (government department) who were impressed by the initiative and wanted to show case the initiative for other prisons.

When the devastating floods hit Sri Lanka this year V4U was quick to respond, working closely with the local government agents (Grama Sevakas and District Sevakas) to coordinate flood relief efforts, delivering much needed dry rations and cooking utensils to those people that were directly/visibly affected. The coordinated effort with other NGO's and charities was a success in optimising the use of resources made available by them, in a timely and targeted manner, using verified information.

Our revolving funds projects with the cooperative societies in Sri Lanka continue to function in the areas of Mannar, Mullaitheevu and Amparai helping small cottage industries and providing basic training.

Interest-free local microfinance support continues with the help of our implementation partners in Sri Lanka. In the Vanni areas we continue to sponsor small projects that create self-sufficiency amongst local villagers, mainly in agriculture. The support provided to them includes resource planning and optimising prices achieved for produce. The projects require a mix of support e.g. identifying suitable third-party land for cultivation, clearing, provision of seeds, water supply, cultivation support and harvesting. Where necessary specialist equipment may be hired for one-off jobs e.g. clearing land or providing water supply.

The Aarraneri Weekend School continued to operate in the four areas successfully through 2025 with the interest and support of our local Project Officer, St Johns (UK) volunteers and our implementation partner (We For You, Sri Lanka). V4U continues to provide financial assistance using money donated by St John's senior PPA members and Mrs Rosa Thavatheva to fund teachers and stationary. The schools have progressed to making cultural shows presented at local temples that reflect the principles and values they are being taught at these schools.

V4U has not raised funds from the public using events like dinner dances, badminton and football tournament or event sponsorships. As V4U has neither increased its activities this year nor contributed to revolving funds in micro-finance projects with We For You (Sri Lanka) there are sufficient reserves, to support current projects if all income stops going forward, for one year.

FINANCIAL REVIEW

Financial position

During the year, V4U UK Ltd had incoming resources of £6,440 (2024: £4,821) and total outgoing resources of £13,367 (2024: £8,485) which had resulted into a deficit of £6,927. (2024: Deficit of £3,664).

The deficit generated was financed by way of brought forward reserves.

Therefore total reserves carried forward as at 31st December 2025 were £9,586. (2024: £16,513).

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.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07877803 (England and Wales)

Registered Charity number

1148448 (England and Wales)

Registered office

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

Trustees

Dr Ahilan Nithiananthan

Mr Ratnasingham Sivakumar

Mr Cathiresapillai Jeyananthan

Mrs K Thavatheva Thevarajah

Company Secretary

Mr Ratnasingham Sivakumar

Approved by order of the board of trustees on 21 September 2026 and signed on its behalf by:

Dr Ahilan Nithiananthan - Trustee

31.12.25

31.12.24

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations

2

6,340

4,821

Activities Generating Funds

3

100

-

Total

6,440

4,821

EXPENDITURE ON

Charitable activities

Charitable

13,367

8,485

NET INCOME/(EXPENDITURE)

(6,927

)

(3,664

)

RECONCILIATION OF FUNDS

Total funds brought forward

16,513

20,177

TOTAL FUNDS CARRIED FORWARD

9,586

16,513

31.12.25

31.12.24

Unrestricted

Total

funds

funds

Notes

£

£

CURRENT ASSETS

Cash at bank

9,586

16,513

NET CURRENT ASSETS

9,586

16,513

TOTAL ASSETS LESS CURRENT LIABILITIES

9,586

16,513

NET ASSETS

9,586

16,513

FUNDS

6

Unrestricted funds

9,586

16,513

TOTAL FUNDS

9,586

16,513

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 21 September 2026 and were signed on its behalf by:

Ahilan Nithiananthan - Trustee

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.

Going Concern

As V4U has neither increased its activities this year, nor contributed to revolving funds in micro-finance projects with (We For You, Sri Lanka), there are sufficient reserves to support the current projects for the next twelve months. Therefore, trustees remain confident that V4U UK Ltd would remain in operation for the next twelve months.

For these reasons, the accounts have been prepared on a going concern basis.

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.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those condition is wholly within the control of the charity and is probable that those conditions will be fulfilled in the reporting period.

Expenditure and irrecoverable vat

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.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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.

Cash and Cash Equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

2.

DONATIONS

31.12.25

31.12.24

£

£

Donations

5,590

4,071

Donated Services

750

750

6,340

4,821

3.	ACTIVITIES GENERATING FUNDS

31.12.25

31.12.24

£

£

Christmas Collection

100

-

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.12.24

Unrestricted

funds

£

INCOME AND ENDOWMENTS FROM

Donations

4,821

EXPENDITURE ON

Charitable activities

Charitable

8,485

NET INCOME/(EXPENDITURE)

(3,664

)

RECONCILIATION OF FUNDS

Total funds brought forward

20,177

TOTAL FUNDS CARRIED FORWARD

16,513

6.	MOVEMENT IN FUNDS

Net

movement

At

At 1/1/25

in funds

31/12/25

£

£

£

Unrestricted funds

General fund

16,513

(6,927

)

9,586

TOTAL FUNDS

16,513

(6,927

)

9,586

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

6,440

(13,367

)

(6,927

)

TOTAL FUNDS

6,440

(13,367

)

(6,927

)

Comparatives for movement in funds

Net

movement

At

At 1/1/24

in funds

31/12/24

£

£

£

Unrestricted funds

20,177

(3,664

)

16,513

TOTAL FUNDS

20,177

(3,664

)

16,513

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

4,821

(8,485

)

(3,664

)

TOTAL FUNDS

4,821

(8,485

)

(3,664

)

7.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.