- Financial Report Financlal audit for Karmand Community A5soclation Trustees. for year ending 31 March 2025. Registered CharSty number., 1060210 Prepared by: Shenward LLP Chartered Accountants & Staiutory Auditors Summit House, Woodland Park, Bradford Road, Cleckheaton West Yorkshire. BD19 6BW KARMAND ANNUAL REPORT 1 25
Karmand CommunityAssociation Report of the Trustees year ending 31 March 2025 Thé Ifuslees present Ihélr r8lM)rt vrtth Ihe fH)aDGlal statements ol the chaY lor the yoaf ended 31 MaTch 2025 The tru8le8s have aijopled the pr0¥181on8 ol Accounllng and Reporting by Charllies sktemenl of Recornmended Prathce appllcable lo Charitlva piepanng their accoun1$ In a¢cordance whth the Financlal Reportlng Slandard appllcable In the UK and Republ ol Ireland IFRS 102) Ioffoclive 1 January 20191 STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng documont The charty Is conlidléd by goverrlng documenl, a deed ol trust and COnSlitulèS an unincorporaled charity REFERENCE AND ADMIN18TRATIVE DeTAILS R•gl8tered Chartty nurnb¢r I¢0210 Prlnclp•l •ddre•• Kfjrmand Community Centre Barkerend Rood Bradford We8t York*yre 8D3 9EP Tru•t¢•8 S M8hmood Vic• Chalr18ppoinled 25 9 241 T M Hu$sa n Sècrelary R Mahmood M P Sheikh (apptynled 25 9.24) Y Hussa Chair K A Khan {8ppolnl¢d 2S.9,24) M Mushlaq lapwnted 25 9.241 Z Hus$4 AZKhan M Iqbal A Ra$hid l Ahmed Treasufer A J8hangir T Plohmood L Falimo M Kashila Co-omed K Chibbu Co.opied Audltor4 Shenwafd LLP Chartered Ac£ountsnls & Statutory Audllors Summil House Wocmlland Pa 8radlord Road Ckckheaion Wesl Yorkshre BD19 6BW STATEMENT OF TRUSTEES. RESPONSIBILITIES Thè Irusle8$ are responsible for pr8parlng the Report of the Trustees and thè financlal sl8lemenls in acc¢Nd8nce wilh applicable faw and Unrted Kfftgdom A¢counbng Stand8rds (Uni¢ed Kingdom Generally Accepted Accounting Practs'cel including Flnanclal Ropong Standard 1Q2 'The Flnanclal Reporting Slandard apPIable In Iho UK and Republlc of Ireland.. KARMAND ANNUAL REPORT , 26
Karmand Community Association Report of the Trustees year ending 31 March 2025 STATEMENT OF TRUSTEES, RESPONSI8ILITIE8 . Contlnued The law applic8ble to charilles In England and Wakrys, th• charilS Act 2011, Charity (Accounts 8nd Reports) Regulatn6 2fy)8 and provisnS of Ihe tru81 deed requlr88 th& Irusie88 lo prepare ffinanoal slalemenl8 lor è8¢h fin8n¢ial year vthlch glve a truo 8nd lak vièw of the Jlaie ol 8ffairs of the charty and of th8 Incoming resource8 and app11caln of resources. including Ihè income and expendrture. ol the charty lor that TIOd In preparing Ihose flnanclal slaleménts, thé Irusloe5 are requK8d lo selecl suilable accountwlg polreJe8 and thon appty them consislontly.. ob8eN• the methods and prlndpl83 In Ihé Charity SORP. make ludggmeTrls and eslimates that are reasonable prudent. stai• whélh8f appllcablè aCcni19 81ondards havo baon followed, suble¢i to any m4ierral departureÈ disuosed and explainecl in Ihe financial s181ements: prepare Ihe financi81 st81effienls on the going concèrn basia unlets il 18 Inapproprle lo pre8ume that th• charlly wlll conllnue in businèis. The Iru61e?s are re8ponsibl• for keeping proper accouniing records whlch disclose with réasonablé aceuraev al any lime the financi81 posrtlon ol Ihe charity and lo enAble Ihem lo ensuTe IhBI the fin8nci81 st8lemenli compty wth the Charrtie8 Ad 2011, the Charty (Accoun15 and Reports) Regulalions 2CM)8 and thè provision$ of the Iru61 <1ged Théy are 8150 fe$ponsibl8 lor safeguarding lh8 8ssel8 of the charlly and hence lor t8kln9 reasonable slep• lor Ihe prevenlfon and (Jelecllon of Iraud and olher Irregularltses, Appro¥•d by order ol the board ol tw8lees on aftd signed on Its behalf bv. rrugle8 KARMAND ANNUAL REPORT , 27
Karmand Community Association Report of the Trustee5 year ending 31 March 2025 ¢Jplnlon We have audited tho financlal slAtements ol Karmafio Community Assoclalion {ttw '¢ttailty'l for th• year ended 31 March 2025 whlch cofflprise Ihe Slatem¢nl of Flnancial Actlvlll8$. Ihé Sl8temont of Financial Po$ilion, the Slalemenl of Cash Flows and notes 10 tha finan¢ial slalem8nls. indudln9 8 summary ol signillc8nl accouiiling policies. The financlal r8POrtlng tramewofk that has been applitid in Ihelr prepaTalioD is appll¢able law and Unlled Klngdom Accounting Standards Iunlled Kingdom Generally Accepted A¢counling Pracllcé), Including Flnanclal Reporting Slandard 102 'The Flnancial Reporting Sl8nd8Td apFIBb1o in Ihe UK and R8publK ol118land. In oplnim Ihe financlal slal•monl•'. givè a Irue and tslr view of Iha Stste ol the charty's affairs ag at 31 March 2025 and of Ns incorning re80u(¢es and applkallon of fèsources, for the yéar then endefl. have bein propety pMp8red in accordanu Viith United Kingdom Gengralty A¢copted Accounllft9 Pracilc•, Includlng Fin8nci•l Reporting Slandard 102 'Tho Financlal Reporln9 Standard appllcablè wi the UK and Republic of Ireland and h•ve been pPared in accrdance wrth the r8quliements ol tho Ch8rillos Act 2011, B••l• lor oplnlon We conducted OUT eudft In accordance wth International Slandards on Auditing (UK) IISAS (UKI> and applicable law. Our responsibllilies under those slandard8 are further desrJibed in the Auditors. resFonslbllitl88 lof Ihg èudil ol Iho financ181 slalemenls section of our report. We are indopndonl of Ihe chafty in accordance th Ihe elhkal requlremenls Ihal are relevanl Io Our 8udil ol Ihe financial slalemenls the UK. Includlng tho FRC'S Elhlcal siandard. and we have fulfilled our olher elhlcal responsibllllie8 In aCCOfdance wilh those feouirefflenls We bglle¥e that the audit ovldencé wè have oblalned 1$ lUfflent and appropriate lo provldg a basw lor our opmion. Conclu8lon8 relatlng to golng concern In audlllng the financial stalemenls. we conclud¢d that th• trusiee$' use ol Iha gofftg ¢oncem bajis ol counllng in Ihe proparotlon of the fin•nclal sialamenls Is 8pproprlale. 8a88d on Ihe woth we hav• pertormed, we have nol idenlrfled any malecial uncertainties relaling lo evenls oi condrtlon8 Ihol, indi¥idually or CA)Ile¢ilvely, may co$1 signlfi¢anl doubl on Ihe charllY8 abilrty lo conlinuè as golng concern lor a period of al le8$1 t4vel¥e months Irom vthen Ihe financi81 slalemenl$ are aulhoflsed for 138ue Our r88pon$iblh'lle5 and Ihe responsib1lil9 of the liustee$ wh respect Io going ¢oncem ale described In the ielev8nl sections ol th'8 ieport Olher Inlorm•llon The Iruslees ar8 ieBpon$ible for Ihe other Informatlon. The other mformaln comprises Ihé inlofmalion cluded in Ihe Annual Report. other than the llnanci81 giatemenls and our Report of the Independent Auditors Ihereon. Our opinlon on Ihe ffflancial sla18ments doe8 not covffi the 0r Informalion and. except to the extenl olhewse explicilly staled in our ieport. we do not expfe85 any fomi of a$$wance con¢lusion thefeon. In ¢onnecllon wlth our audil of Iha financlal sta*menls. our responsibllty Is to read Ihe other Inforrnallon and doing so. Gonsidei whether Ihe olher infom181ion rnalerially inconsi51ent with the finan(ial stalemenls or our knowbd9e obialnÈd in the audit or otherwise appeats lo be maleflalty mStated. If we ntify such material inconsist8188 or 3pporenl malerlal mis6iat6menl$, we ore required lo deiermine ether Ihb6 9ive3 n8e lo a m81eiial mls4alemenl in the fin0nCl slatemenls themselvgs. If. based on the woik we have performed, we conclude Ihat there Is a material ffllssialement of Ihis other Info(malion. we are required to report Ihat fad. We have nolhing to rewl In this regard KARMAND ANNUAL REPORT 128
Karmand Community Association Report of the Trustees year ending 31 March 2025 Mil¢ern on whlch we ar• requlred to rgport by exceptlon We have noihing to rewrt kn respect of the loN¢wing matter8 where the Charluos {Ac¢ounlB and Report8) Regulations 2008 r&qwra8 U8 to ieport lo you If, oui opinion. thè Inforrnallon given In th@ Réport ol lh8 Tru8lee8 is Inconslsleni in any mal•nal respecl wllh the financlal $lalements. or sufflcl8nl aG¢ounling records have nol bèèn kept. or Ihe fln8nclal slatements Af8 not In agreemenl with Ihe accounllng racords and relurn8.' or wè have not re¢6ived all the InfOrMaOn and explanatlons we require for our èudil R••pon•lbllltle$ ol tru•lee• As oxplained more lully in the Sialomonl ol Truslees, RponsIbIlre4. Ihe trustae5 are responslt4e lor Ihe prepBratlon of the financtal slalemenls which give 8 Irue and fa¥ vlew. and for such inlefn81 Gr)ntrol aj Ih Irusleos determin• 1$ necèssary lo enab e ihe preparalion of fin8nc•l statemenls Ihal are fr•e from matari•l mi8sialement, whelher due lo fraud w errty. In preparlng Ihe finand81 81818menls. th• trustees are responsble l¢Y as8•s¥ing the chailt¢s 8blhty to ¢onllnue as a going concerfi. th'6clo$ing. as 8ppl.cable m8tters relal8d lo uoing concein ènd usmg the 9olng con¢ern b861$ ol accounilng unle86 th8 tW51¢es wlher Intend lo liquidale iho chaTIty Qf lo ¢ea$e operations. or havè no realisll¢ allernalive l)ut lo do so KARMAND ANNUAL REPORT 1 29
Karmand Community Association Report of the Trustees year ending 31 March 2025 Our Mponlb1111104 for th• audlt ol th• flnanclal g¢al•m•nt• We h8ve beon appolnled as audltors under Sg¢liaD 144 of the Charlhes Act 2011 and r?porl In accord8n¢e wilh the Act and relevant fegulatn$ rnade of haVg effect Ihereunder Our cjects¥e5 ar8 lo obtain roasonable assurance about whelher th8 financ1 stalernenls as a whole ale Ir8• Irom malorial misslalemenl. whelher due to Iraud or error. and lo Issue a Reporl ol ihe Indopendenl Aucliiors Ihal Includes our opnlon Reasonable a8suranrA Is a high level of Bssuwanco. bul 1$ not a guarant&8 that an autht conduded In 8c(ordancè wllh iSAg IUKI wll always dètect a materi81 m18stslomonl when It 8xi$ls. Mlsslalem8nls ean anso ffom fiaud or error and ar8 coniK1erèd mat•rlal 11, Indlvldually or m the a99regate, Ihey could reasonably Oe oxpocled to inlluenc• the 8conomic d8¢I810n6 01 u88fS 18ken on the ba818 01 thoso finanaal 81alem8nl8. Th8 exlonl io wNth Ouf procedur•s are c•patlo 01 (ietécting irr•gularrti•8, Including fraud Is d8ialled below. However th8 prlrnary responsllNIIty for the weventlon and d61ectw ol Iraud rests wrth both Ihose charged ¥Yrfh gov¢rnance of Ihe CharY and minagemenl Irrogulafllias, IncdIng Iraud are In$l8n¢es of non-COm"anca htylh laws and rngulallons. Wa dg819n procedures h Ilne with our respon8lb#itses outlined above and on the Financ1 Rwirtlng Councll'$ wèb$llè, lo dete¢l material m1s81alwnon18 In fe$pKI of iiregularlll88. Induding fraud We oblaln and updalo pur under8land,n9 of the onl. Ils 8cbvllles Ils conlrol onvironm•nl. 8nd likely IUr• dovelopmenls, Includlng in felabon lo the legal and regulaiory ffamvwork appllc8bl8 and how Ihe eDIIty Is complylng wllh that Irameworx. Based on IhiG underslanding, we Idenlity and 88Sos$ the fl8k8 ol mal?rlal mlsslalemènl ol the fknanclal stalernonis. whelh•r due lo fraud or errof. deslgn and pertorm audll procèdur08 responsive to Ihose ri8ks, 8nd obtaln di1 e¥enCe that 16 sufficlenl and appropfiaie io provide a ba819 lor our oplnlon This Includ•s ctsn8lde(allon of the rlsk of acl8 by Iho enl4ty thai were contrary lo applicable lawg and regulations. Includin9 fraud In response to thè (ilk ol Irregulthe$ and non-complonce wrth laws and requl41ions. in¢ludlng Iraud. we designe¢J proceOure¥ whi¢h ClUded. Enquiry of managem¢nl and Ihos• chard wlth governance around aclual and potonllgl Iiligal¥n and cl•ms a$ wem 88 atlual, 8u8pecled and alleged fiaud. . Revievlng mlnul8s of rneellngs ol tho86 cnafged with governance.. . Assesslng the 8xienl of compllanc8 with the laws and rggulallon8 considered 10 h•v• 8 dlrecl material efte on Ihe flnancial 81alemenl8 or the eratn$ ol the onilty IhiouW enquiry and inspection: R8viev4ing finana¥l slalemenl d1sclo8u3 and lostlng lo supportin9 documentab'on to aS8ess compliance Ith appllcable lawj and [eg8tn9, Parformlng audit work over tho rlsk ol management bla3 and overrldo of controls. including le8lin9 of i¢)urnal entries ansl other adjuslmenls for appPri&lOfiQ$8. evaluallryj Ihe buslnes8 rab'on818 of $19nificanl Iran$actions oulside Ihe norrnal COUf8e of business 8nd reviewing gccounling esllmales lor Indicalors of pxenliol bi•8. 8ècau8e ol Ihe inherenl Ilmiiation6 of an audlt, there16 a nsk Ihat wo will nol dete au wreguléritiès. Includlng Iho•e leadlng lo a material mis8tatement in lh¢ fin8nci818lalemenl8 or Thjn-compllance wrth regulalion Thls risk increases Ihe more Ih81 compliance wilh a law or regulatn is removed Irom Ihe ¢venls and Iransaclions refl•cled In the ffinanckl slat¢menls, as we will b8 less Ilkgly io beeome awar8 of inslanc•8 01 non-compliance The r15k is Also grealer regarding Irr8gul8rlts occurrlng due to fraud ralher than error, 85 fraud Involvé8 inl8ntiono1 concealment. Iery, Co1$10n, omission or rnisfepresenlalion. A fvrthor descdptson of our re8ponslbitslies for Ihe au(lil of Ihè fanCIal s1g1omeni8 is loc8ted on the Financial Reporting Counal's websile al frc.or9 uklaudllorsre8ponsibiliknes. Th18 desuiplion foTms part of our Report of Ihe Independont Audllors KARMAND ANNUAL REPORT , 30
Karmand Community Association Report of the Trustees year ending 31 March 2025 U¥• ol our f•POrt Thls report Is made $018ly lo Ihe charity'5 Iruslees, a8 a b¢yJy, In accordane• wllh Parl 4 of Ihe Charlliès (Accounts and Roport81 Regulalion5 2008 Our audit work haj been undertaken so Ih81 we might $181e to tho ch8nw8 IfUSlae$ those matt8r8 w6 are requlred to slaté lo them In an audiiors, report and for no other PUfpo$e To Ihe fuHe$t exlonl permrtled by 18w. w& do not accept or 88sume responslbllty lo anyone other Ihon the chanty and Ihe ch•riVi trustees as a body. for Our audil Work. lor th18 report, or lor the aplnlons we have formed LLP Shenward LLP Chartered Accountants & Slatulory Audllors Swnmll Hou80 Woodland Pa Bradld Ro•d Cleckhèalon We51 Yorkshire 8019 68W Dote 27 Augy.$t. 2Q25. ......., KARMANO ANNUAL REPORT 31
Karmand Community Association Report of the Trustees year ending 31 March 2025 STATEMENT OF FINANCIAL ACTIVITIES 202S Total lunds 2024 Toi81 funds Unrestilctèd funds Resirided funds Notes INCOME AND ENDOWMENTS FROM Oonalion$ and legacles 146.844 721,944 866.788 1074.218 Charllablo actlvltl•• Community Centre Dayre Nursory 42.298 42.298 7.647 45.792 25,188 6,T51 12,193 7,647 45,792 Othér tfadlng aclivrties Inveslment Income 11,699 29.477 28.452 28.452 Total 217.594 775,383 992,977 1,159.520 EXPGNDITURE Otl Ch•rltabl• •etlvlil•• Community Cantr• Advi¢e Daycace Tralnhg Nuisery 350,162 {918) 367,851 48.204 114.342 152.218 349.244 367.851 48.204 114,342 152,218 80,7S9 429.286 89.998 462.581 229.482 Other 47.123 3.940 51,063 215.914 Tot•1 397,285 683.037 1,080,922 1.488,0(J) NET INCQhlEIIEXPENOITUREI Tr•n•forn b•iw•on lund8 (179.691) 209.963 91,746 (209 963) 187,9451 (308 480 14 N•t mov•m•nt In lund• 30,272 1118,217) (87.945 (308,4801 RECONCILIATION OF FUN08 Total lunds brought loThYard 1242,584 749 797 1.992,381 2,300 881 TOTAL FUND3 CARAIED FORWARO 1.272,856 631.580 1.904,436 1,992.381 KARhAAND ANNUAL REPORT 132
Karmand Community Association Report of the Trustees year ending 31 March 2025 STATEMENT OF FINANCIAL POSITION 2025 Tolal fvnds Unreslrieied RestnGled lund8 lunds 2024 Totsl funds Nol FixeD ASSETS Tangible as6815 11 903.703 631.$81 1,535,284 1,562.860 CURRENT A8seTS D8btors Ca3h ai bank and in h8nd 12 402.386 42.937 581.529 402,386 402 386 402.388 624.468 CREDITORS Amounls falling due wNhln one ar 13 (33.234) (33,234) {194.745) NET CURRENT AS8ET8 369 152 389.152 429 721 TOTAL A38ET3 LE88 CURReNT LIA81LITIES 1,272,855 831581 1.904.436 1992.381 NET ASSET8 1,272.855 831,581 I,W4,438 1,992,381 FUNDS UnreslTi¢ied funds Reslricied lunds 14 1.272,855 631,581 1.242.584 749.797 TOTAL FUNDS 1.904,436 1,992,381 Thè finan¢i81 slatementj w8re approved by Ihe Boaid of Tru61eés and aulhoriged for i$$u• on . 2 () 258nd were 819ned on il¥ beh811 by KARMAND ANNUAL REPORT 133
Karmand Community Association Report of the Trustees year ending 31 March 2025 STATEMENT OF CASH FLOWS 2025 2024 Noteg G•oh flaw8 from op•rnllng xtlvltl Cash 98neraied Ifom aperatrons Nfjl cash used in operdu)g a¢tIvIt5 (179,143 {31.242) (179,1431 {31,2421 Cash IIow8 lrnm In¥ogtlng actlvlll•• Purchase ol18n9ibl8 fixed as$¢ls Investment Income {12,339) 29,471 Not e8$h provided by Investlng acbw1108 17,132 ¢hang• In c4•h And emh •9ul¥•l•nt• In lh• r•portlng p•rlod Cash •nd ¢a•h équlv•l•nt• It tho b•glnnlng of th• r•portlng perlod Cuh and ¢a8h •qulv•l•nl• •t th• •nd ol tho rnportlng P•flod (179,143) (14,110> 581 $29 595.639 402.386 581.529 KARMAND ANNUAL REPORT 1 14
Karmand Community Association Report of the Trustees year ending 31 March 2025 STATEMENT OF CASH FLOWS- NOTES RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 N•t exwndlture lor th9 r•portlng pDrlod <a• per th• Ststem•nt ol Flnon¢lal Acllvlth• AdJu$lm•nts eor.. DeprecIatn thar9ei Losses on Inve8knents Oecreaso in debtors IDecre8se)Ilncreas• in ¢redrtor6 N•t e••h u•ed In op•ralion• 187,945) 1308,480) 27.378 78,284 (29.471) 130 357 98,IYJ8 42,937 1161.511) (179,143) (31,2421 ANALYSIS OF CHANGES IN NE7 PUNOS A11424 Cash Ilow A131325 Net c••h C88h al bank •nd in hand 581,S29 1179.143) 402,388 581.529 (179,1431 402 388 T¢L•l 581,529 {179.143) 402.388 KARMAND ANNUAL REPORT 1 35
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL STATEMENT- NOTES ACCOUNTING POLICIES Bag1• of prnp•rlng Ihe fln•nclal 8lat•mgnt• The finanG181 glalèments ol the charity. whkh Is a publlc beneflt enlity under FRS 102, have beon prep$red in accoldance wllh th8 Ch8riliès SORP (FRS 1021 'Accounling and Reportlng by Charllies Stslemenl of Recommended PraGliCè applicable lo charlles prep8rlng their accounts In 8ccord8nc wilh tho Flnancl Réporting Standard appIable the UK and Rapublic of Ireland (FRS 1021 leffectlve 1 January 2019}' Financial Reporting Sland8rd 102 'The Financlal Report9 Sl4ndard applicable In lh& UK and Republic of Ireland. and th8 Chafilles Act 2011. The financial sialem¢nts have been prep81ed undtsf Ihe hisloriGal co&1 convention Judg•m•nto •nd key 8our¢•• of 08llm•tlon uncortalnly The preparaiion ot the financi81 Statements requir85 rn8nogement lo make ludgemenl$. estlmales and a86umplions that affe¢1 the amounts reported Thèse ¢$lwnal8s and judgements are conllnua re¥Wed and are b88ed expenence and other fact¢XS, includlng expectatn$ ol lutUf8 events that are bèllev¢d to be weasonable under the circurnslances. Qelail$ of Ihe8e iud9¢monls can be found in the accounllng Pol5 Income All income bs recognised In the Statement of Flnancial Aclivlliu once Ihe charrty h88 enllllemenl Io ltte lunds.1116 probable thal Ihe fft¢ome be received and tho 8mounl can be mea8UWO(t reliabty Exp•ndllurn Liable$ are recognlsed 81 expgndllure as 8¢Jon a$ Ihere 18 a legal or conslrucllve obligalion commitling Ihe chwrity to thal expenditure, 1$ probablg Ihal a Ifanslef of economlc benefils will be requfed In lettlemenl and Ihe amount of the oblwjatson can be measuied rellabty. expendule Is acGounled for on an accruals bJsls and ha$ been ¢18ssified under headings Ihal oqgiegate all cost r61aled lo Ihe calO9Qry Where co8tB cannol be dlrectty 4llrlbuled Io p8nicular haadings they ha¥e boen allocaiod to acllNrytl88 on a besrf con51$tent vllh Ihe u58 Qf (esou(¢es. T•nglbl• Ilxod a8frt• Depreciatn Is pro¥ided 8t the lolknYlThJ annual rates In order to wriw off each 8ss81 er Its estimated U8elul tile Plant and machinery Fixlui85 and fitlings on co81 10% on cosl Tax4tlon The charty Is ex¢mpi ifom lax on ils Charilable 8¢ti¥iiie8 Fund •¢counllng Unfeslii¢led funds can be u8ed in accordance wth th• charitab objeclivos 81 Ihe disGrellon ol Ihe IfU8t¢es, RostrKled funds can only be used for particular reslricled purposes within Iho oblects of the charlty ReslrKilon8 an59 when specrfied by Ihe donor or when fund8 are raisod for paflicular re8tncted pufP060S Furthor gxplanalion of the naluwè and wrpose of 6ach fund Is Included in lh& notes 10 the fin8nGial slalements n61on ¢0gt¥ and othor po$t.retlremont b•n¢llts TM chamy OpereS a defined contrul10 pension scheme. Conlributions payable io Ihe charrty's ponsn scheme ar• charged lo Slalemenl of Financlal Aclivilies in Ihe period lo wh¢¢h they ielale. KARMAND ANNUAL REPORT 1 36
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL STATEMENT- NOTES DONATIONS AND LEGACIES 2025 2024 Gfft8 Oonalrvnj Granis 3,6LiI 885.185 2,500 1,071,717 868,788 1.074,218 Grants racelvéd. induded in Ihe above. are as follows 202S 2024 Olher granls 865.185 1,071,717 OTHER TRADING ACTIVITIE8 2025 2024 G•noial Recharge 11.699 INVESTMENT INCQME 2025 2024 Renls received Interest reGeivatAe 24,050 4,402 24,303 3,168 28.452 29,471 INCQME FROM CHARITABLE ACTIVITies A¢llWty Community Centre Communrty Centre Daycare Nursery Hiro of room Olher Income Day care income Nursery fees 2025 2024 41.444 854 7.647 45,792 25,188 6.751 12,193 95.737 44.132 CHARITABLE ACTIVITIES COSTS Support costslsee l•Y) Direct Costs Tol8ls Community Cent Advice D8ycaiè Tralning Nursery 289,628 360,870 42,758 114.342 150,464 79,616 6.981 3.446 349,244 367.851 46.204 114.342 152.218 1,754 938.062 91,797 1.029.a59 KARMAND ANNUAL REPORT 137
Karmand CommunityAssociation Report of the Trustees year ending 31 March 2025 FINANCIAL STATEMENT- NOTES SUPPORT COST5 InfOrMaOn Governance technology cosis Management Flnance Tota18 Other resouices expended Communlty Centre Advice Daycaie Nursery 674 38.864 397 3,062 375 4,200 6,343 151 111 151 4.874 79,61e 6,98 1 3,446 1.754 10.134 3.187 103 1,228 28.275 3.246 170 14.652 41,372 29.691 10.956 96.671 TRV8TEES' REMUNERATION AND BENEFITS Theré were no Iru8teés' remuneratbon or oih•r b•n8flls lor the year ended 31 March 2025 DDr for ihe year ended 31 March 2024. Tw•¢W' •xp•n8e• Thero worg no Iru61eo$' gxpen¥es paid lor the year ended 31 Maith 2023 nor lor the year ended 31 March 2024 STAFF COSTS 2025 2024 Wages and 3al8rs Olher PenSn wls 808,209 10.874 822 821 29,351 619,083 851,972 The avera9e monlhty number of ompioye¢s during Ihe year was as follow8 2025 2024 Communlty Centr• Nuisory Adva Day Cara Train9 <AthFI M8nagémenl and Admlnistf8tion Other training 13 10 40 No employees re¢eNed emolumenl$ In excess 01 £60,Ofy) KARMAND ANNUAL REPORT 1 38
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL STATEMENT- NOTES 10. COMPARAnvES FOR TKE STATEMENT QF FINANCIAL ACTIVITIES Unrn81rrcled Restricted lunds lunds Tol81 lunds INCOME AND ENDOWMENTS FROM Donollons and legacies Charllabl• a¢llvltl•8 Communlty Centre Daycarè Mursery 217912 866,298 1.074,218 25.188 6,751 12 193 25.188 6.751 12,193 Other Iredlng 8clivttle8 lThvéslmenl incom• 29.471 11.699 29.471 Total 303 224 856,296 1 159 520 EXPENDITURE ON Charftable •cllvltle• Communlty Cenlie Adv¢ Daycai6 Trainlng Nursery (40.138) 100,895 429,286 16,465 308.384 82.608 60.759 429.286 89.998 462.S61 229,482 53.533 1S4 177 146.874 Other 215,914 215.914 Toial 530.362 937.638 1,468.000 NET INCOMEIIEXPENDITURE) Trinol•r¥ b•tw•en fundi 1227, 138) (140,318) (81,342} 140.J18 1308.480 Net mov•m•nt In fund• 1367.4561 58,976 1308,4801 RecoNCILIATION OF FUNDS Toial lundg bft)ughl fonvard 1.810,038 690.823 2.300.861 TOTAL FUNDS CARRIED F<)RWARD 1,242.582 749.799 1,992.381 KARMANDANNUAL REPORT 39
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL STATEMENT- NOTES 11. TANG18LE FIXED ASSETS Flxtures and ffltttngs Freehold property Plant and machinery Tolals OST At l April 2024 and 31 March 2025 DEPRECIATION Al 1 Aprl 2024 Ch8ige lor yeaf 1.707.537 80.231 526.525 2.314,293 235,131 88 146 1,654 448.356 25.722 751.633 27.37e Al 31 March 2025 235.131 69.800 474,078 779.009 NET BOOK VALUE Al 31 Maich 2025 1,472.408 10.431 52,447 1.535,284 At 31 March 2Q24 1.472.41 12,085 78.1eg 1.662.660 12. DeBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 42,937 Prepoymenl8 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trad? rJedilors T•xatKJn ano $oci*l security Othw credilofs 11) 15,983 178,763 15,753 17.482 33,234 194,745 KARMAND ANNUAL REPORT 1 40
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL STATEMENT- NOTES 1& MOVEMENT IN FUNDS Nel movement in luntJ8 Transfers betr44*en lunds All.424 Al 313.25 Unr¢•irt¢led fund• G8naial fvnd 1.242.584 (179.692) 209.963 1,272,8S5 Re8trlct•d lund• Resirlcled fvnds 749 797 91,747 {209 963) 631.581 TOTAL FUN08 1.992,381 (87,9451 l.gM)4.436 Ng1 movemenl in fund$. Included in Ihe above are a8 1011 Incoming resources Resourc83 expended Mov•m8nl in lunds re•trlet•d lund• General fund 217,594 1397.288) (179.692) R••trt¢ted lundo Reslricled funds 775.383 {683,e36) 91.747 TOTAL FUNDS 992.977 (1080.922) 187.9451 Comvrnii¥ for mov•m•nt In nd• Nel o¥emenl In lunds Transfer$ beeen fund A11423 At 31324 Unrnstrl¢t•d fund• General lund 1610038 (227 13e) 1140318) 1.242.584 R••trl¢i•d fund• Reslfkled lundo 690.823 (81.3441 140.318 749.797 TOTAL FUNDS 2.300.861 1308.4801 1.992,381 . continued KARMAND ANNUAL REPORT 41
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL STATEMENT- NOTES 14. MOVEMENT IN FUNDS . ¢onllnu•d Comparallve net movemènt In lunds, Included In the 8t1& aj follows. Incomi iesourLYS R8sourc oxpend•d 0Ment In fund8 UnT••trtct•d fund• Genaral lund 303 224 (530,3601 1227,136) Re8trt¢t•d lund• R¢slrl¢led 856,296 1937,640> 1813441 TOTAL FUNDS 1.159.520 (1,468,OCQI 1308.480) A current year 12 months 8n¢J prior year 12 months combined posllion is 8$ lollthvs. Nel Transler8 movemenl betren In lunds lunds A11423 31325 Unrmtrlcied tund• Genero1 lund 1.61Q,038 1406.828> 89,645 1.272,855 Re•lfl¢*d lund• Reslrlcted lundj 890,823 1D.403 169.645) 631,581 TOTAL FUNDS 2.300,881 1396,425 1,904,436 A currenl year 12 months and Pfior year 12 months combined n6t mo¥ement in funds. In¢ed in the above are as loth)w5 Incoming resource8 Re$oufces exp8nded Movemenl In funds Unr•itrlcted fund• General fund 520,818 (927.646) {406,828) Re¥lrlcted funds Restncled lund$ 1,631.679 1,621,276) 10,403 TOTAL FUNDS 2,152,497 12,548.922) {396.425} 1 S. RELATED PARfi DISCL¢YdURES Thwe were no relalèd party trafi68Gtions lor the year ended 31 March 2025 KARMAND ANNUAL REPORT 142
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL ACTIVITIES - DETAILS 2025 2024 INCOIAE AND ENDOWMENTS Donatlon• and1•gKI•• G1ft8 DonAlton8 Gr8nt8 3.600 865,185 2.500 f 071,717 868,788 1.074,2 18 Olher tr•dlng a¢tlvltl•• General RKharge 11699 Inv•8tm•nt Ineom• Renls recei¥?d Inter&Bt rec8lv8ble 24.050 4.402 24.303 S188 28,452 29.471 Charltabl• a¢tlvltle• D8y care Income Hlre of room Nursery lees Other Income 7,847 41.444 45.792 6,751 25. 188 12,193 95,737 44,132 Tol•l Incomlng re•our¢ 992,977 1159,520 EXPENQITURE Ch•rlt#ble actlvlll•• Wago# Pen$lon$ Mlnlbus T18mIng Projec4 expendllure Audllors rémuneralion 808 209 10.874 13,215 1.527 299.881 4.356 822.621 29.351 37.742 2.878 334,015 938 CQ2 1.226,805 Other Renl,rales.lighl 8nd ho41 Fw)ding bid developemenl costs Goverfiance Co8ls 46.189 74.039 1,750 2.728 46,189 78.517 Support C08ts Manogom•nt Insur8nc8 Carrled forward 2,412 2.412 6389 6.389 ARMANDANNUAL REPORT , 43
Karmand Community Association Report of the Trustees year ending 31 March 2025 FINANCIAL ACTIVITIES - DETAILS 2025 2024 M4n•9•m•nt 8rou9hl loard Telgphon& Posla9e and statnery Advertising 2.412 4927 7.313 8.389 4704 3.335 4.176 14 852 18.604 FlnanG• Sundne$ Bank chargvs Ffeehokl prop6rty Plant and ma¢hlnary Fixtures and fftltln98 13,846 150 6043 188 26.151 2650 49.483 1 654 25.722 41.372 84.515 Infofmatlon t•¢hnolooy R¢pair9 4nd renewals 29.691 34,278 Other Sharo ol Governance cooli Sh816 cl Support c19 11.899 13 782 25.481 Gov•man¢• co•t• Audilors, remUneraln lor non audrt Wofk A¢counlancy and le9al lee$ 4200 6756 10,956 Total iewurco$ expe1•d 1.080,922 1.468,000 Nt •ItNdItUT 187.9451 1308,4801 KARMAND ANNUAL REPORT