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← Karma Nirvana

2024-03-31-accounts

Registered Charity Number: 1089477

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2024

FOR KARMA NIRVANA

KARMA NIRVANA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		 Page
3 to 15
16 to 17
18
19
20 to 22

2

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report with the charity's financial statements for the year ended 31 March 2024. The financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts under the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

REFERENCE AND ADMINISTRATIVE DETAIL

Registered Charity Number

1089477

Registered office

PO Box 515, Leeds LS6 9DW

Trustees

Jasbir Johal (Chairperson) Nasreen Quayum (Treasurer) Jasvinder Glen

Independent examiner

Ferguson Maidment & Co 167 Fleet Street, London EC4A 2EA

Bank

HSBC 1 St. Peters Street Derby, DE1 2AE

3

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

COMMENCEMENT OF ACTIVITIES

The charity was registered as an unincorporated charity on 23 November 2001. The charity was founded in 1993.

The Trustees present their annual report together with the financial statements and independent examiners report of the charitable organisation from 1 April 2023 to 31 March 2024. The annual report serves the purpose of a trustees' report.

The registered charity provides support for victims and survivors experiencing honour-based abuse and forced marriage.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees and organisational structure

Constitution

The Board of Trustees is responsible for overseeing the operation and management of Karma Nirvana, a registered charity. This report lists the Trustees who held office during the fiscal year at the time of its writing on page 3.

Operation of the Board of Trustees

The Board of Trustees meets four times a year to review the organisation's work and services and agree with the charity's strategic goals. The Board also reviews its operation, effectiveness and governance on an annual basis. Also, Trustees meet with the Senior Leadership Team 4 times a year.

Recruitment and appointment of new Trustees

An annual review of the Board of Trustees' recruitment needs is carried out under the leadership of the Chair, including an audit of the current knowledge, experience, skills and abilities, and how they will be affected by any Trustee departures in the future. All potential trustees are required to provide a CV and two referees to be considered by the Board.

4

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Related Parties

There are no related party relationships and transactions to be disclosed in the financial statements.

Staff management

The Executive Director is responsible for all operational and HR matters and regularly reports directly to the Trustees. The Executive Director is assisted by the Senior Leadership Team consisting of the Operations Manager and Helpline Manager. All HR policy documents and advice are outsourced to HR company – Peninsula.

Risk management

The Trustees are informed by the Executive Director and Senior Leadership Team of any risks that concern the charity. These will be reviewed until the risk is mitigated according to the charity's Risk Assessment and Management Policy.

Trustees were satisfied that the organisation's significant risks had been accurately identified in the review and that appropriate systems and procedures for managing those risks were in place. The Risk Register is presented to the entire Board annually or earlier where required, as part of the business planning process and quarterly monitoring by the leadership team. In addition, the Executive Director presented the risks to the charity at each quarterly meeting to mitigate any risks escalating.

Effective management measures and controls have been put in place by the Trustees, including:

5

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

OBJECTIVES AND ACTIVITIES Objectives and aims

Karma Nirvana shall aim to promote understanding of the risks faced by all victims, adults and children, experiencing, surviving or exposed to HonourBased Abuse (HBA) and Forced Marriage (FM).

Our Vision

Ending Honour Based Abuse in the UK

Our Values

Karma Nirvana supports, educates and empowers all those impacted by honour-based abuse and forced marriage in the UK, whatever gender, religion or background.

Our Approach

We support victims and survivors of Honour Based Abuse by providing specialist support and guidance via our national helpline and support services.

We support frontline practitioners and professionals , by training and working with police forces, social services, local authorities and schools to improve practice response.

We campaign for change, working with parliamentarians and policymakers to improve policies and practice responses , to help bring an End to Honour Based Abuse.

6

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE

Public Benefit

The Trustees have referred to the Charity Commission's guidance on Public Benefit when reviewing the aims and objectives of the charity and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives.

How our activities deliver public benefit

We align our objectives around crucial stakeholder groups which shape the activities and projects we run. Victims, survivors, professional agencies, policymakers, and the community are all areas where we find areas linked to our actions.

Honour Based Abuse Helpline

We established our helpline to bridge a critical gap in service provision for victims, survivors, and professionals. Our helpline offers assistance to anyone facing challenges related to Honour Based Abuse.

This year, Karma Nirvana handled 2,962 cases, a 17% increase from the previous year, averaging 795 contacts and 247 cases monthly. Most victims were women (90%) , aged 18-45 and upon average, victims contacted the helpline 3 times, but cases involving children often required significantly more contacts than average.

1 in 4 HBA-related pregnancies were concealed and the common triggers for abuse in most cases were either a history of Honour Based Abuse (15%) or simply being female (10%). Being female trigger has risen by 42% compared to the previous year. More data can be found in our annual . data report

7

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The Push: Murder on the Cliff

In the year we were proud to announce the release of The Push, a compelling documentary shedding light on the tragic case of Fawziyah Javed. Fawziyah died after she was pushed from Arthur’s Seat in Edinburgh by her husband Kashif Anwar on 2nd September 2021.

The documentary by Candour Productions explores Fawziyah Javed’s experiences with Domestic and Honour-Based Abuse leading to her tragic death. It highlights her family’s pursuit of justice in Scotland and honours Fawziyah as the remarkable person she was. Karma Nirvana thanks Candour Productions for sharing her story with care and respect and Channel 4 for providing a platform to raise awareness of these critical issues. The 2-part series aired on Channel 4 at 9 pm on 3rd and 4th March 2024.

8

Day of Memory

The ninth Day of Memory conference was held on 14[th] July 2023 at the Royal Armouries in Leeds. This year’s event was particularly significant as it marked the 30th anniversary of Karma Nirvana, reflecting on our journey from Jasvinder’s front room to becoming a leading charity in the fight against Honour Based Abuse.

The Day of Memory, marked on Shafilea Ahmed’s birthday, was a poignant opportunity to remember those lost to Honour Based Abuse, including Somaiya Begum, Fawziyah Javed, Abida Karim, and Bindu Patel. Their stories served as a powerful reminder of the urgent need to address this hidden issue and inspired collective action for change. The event brought together survivors, activists, and advocates to honour their legacy and reaffirm our shared commitment to challenging Honour Based Abuse.

Zine Project

In collaboration with the University of Nottingham’s Rights Lab, together with the Survivor Arts Community, engaged with our survivor ambassadors in an inspiring ‘Zine project.’ This innovative initiative involved arts-based workshops, providing survivors with a platform to creatively express their stories. This project consisted of 6 art workshops where participants developed various pieces of art and creative writing.

The project empowers individuals with lived experiences to contribute to research on issues affecting them, ensuring ethical practices and avoiding

9

re-traumatisation. It fosters authentic storytelling, promotes healing, and builds a supportive community for survivors.

Impact of the new legislation to end child marriage

One year on, we have published a report assessing the impact of the new legislation to end child marriage in England and Wales. This legislation bans marriage for 16 and 17-year-olds, who are no longer allowed to marry or enter a civil partnership, even if they have parental consent, as the legal age of marriage rises to 18.

There’s been 173 child marriage cases reported to our helpline since the law came in. This marks a 15% increase in the 11 months since the new legislation in February 2023. Further reading from our report.

Women and Equalities Committee report on Honour Based Abuse

Karma Nirvana fully welcomes the Women and Equality Committee’s recommendations, particularly the recognition of our Survivor Ambassador Panel’s voice. The report highlights ongoing, deeply concerning issues that demand swift government action. Its recommendations address significant challenges in tackling Honour Based Abuse, offering a path toward meaningful change.

We support integrating Honour Based Abuse into the “Children in Need” census, ensuring greater recognition within social care settings, and improving data collection by police on victims and perpetrators. We are especially encouraged by the call for a statutory definition of Honour Based Abuse . Our helpline sees firsthand how the lack of understanding hinders frontline practitioners. A clear, survivor-led definition is vital to ensuring consistent recognition, support, and accountability. Without this, Honour Based Abuse will remain underreported and misunderstood.

10

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Significant activities

Launching campaign to make Honour Based Abuse a statutory definition

Karma Nirvana is was delighted to announce the launch of our campaign to put a statutory definition of Honour Based Abuse in place. This launches on International Women’s Day (8th March 2024), in memory of Fawziyah Javed.

Karma Nirvana and partners launch the #Push4Change campaign on International Women’s Day (8th March). This initiative calls upon the government to urgently introduce a statutory definition for Honour Based Abuse and address this complex issue.

The mother of Fawziyah Javed, Yasmin Javed, supports the campaign for a statutory definition stating “More needs to change to prevent future tragedies”.

The campaign was launched on Good Morning Britain by Yasmin and Natasha on the back of The Push documentary.

Honour Based Abuse Helpline

The Helpline offers essential support to victims and survivors of Honour Based Abuse, providing comfort and helping equip frontline practitioners. Additionally, the Helpline also works to supply key facts and data to policymakers, all of which helps to bring about meaningful, positive change for those affected.

11

Helpline Testimonials

“I work in a school and sought advice about a young person at risk of Forced Marriage. The adviser’s support was excellent, helping me assess the situation and understand the risks. Their guidance enabled me to make informed decisions to safeguard the student. We will continue to use this brilliant charity and recommend their support to any students facing concerns about Honour Based Abuse.”

“Thank you to the lady who listened to me today. I felt heard and validated. It really helped to hear the things she said. She gave me time to say everything I needed to and has given me good advice about the next steps I can take. Thank you”

“The team at Karma Nirvana have been absolutely amazing in supporting myself and have helped me get out of the situation I was in. Thank you for your support.”

“Such a fantastic service with great knowledge and brilliant advice helping to understand the situation and giving guidance on what to do next.”

Helpline Highlights

Helpline contacts – 9,536

We supported 2,962 victim and survivors

2,204 females and 231 males were supported

2,806 contacts came from professionals helping victims

541 cases of forced marriage & 141 cases of child marriage

228 victims were foreign nationals and some with unsecure immigration

93 cases concerning children under the age of 15 , with 8 under the age of 10. 408 cases heard about our helpline through a professional

10% of cases had no recourse to public funds

12

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Fundraising

We are thankful for our generous and valued donors who continue to support the vital projects we deliver to victims and survivors. Over the year, we have received support from many donors that helped us with our annual Day of Memory campaign and fundraising for Karma Nirvana.

Financial Review

The Balance Sheet indicates that on 31 March 2024, the charity's net assets were £367,467 (2023: £426,940). The income from grants was £380,036, which increased from the previous year (2023: £357,380). Income from charitable activities generated £59,973 (2023: £56,678). Overall income has risen to £487,235.

Reserves Policy

As of 31 March 2024, Karma Nirvana held reserves in unrestricted funds amounting to £343,915 (2023: £393,136), equivalent to approximately eight months of operating costs. The trustees, in collaboration with the senior leadership team, oversee the disbursement of these funds. Reserves may be allocated toward designated initiatives aligned with the organisation’s aims and objectives or maintained to safeguard future operations against funding shortfalls.

The trustees have carefully assessed the required level of free reserves necessary for the prudent management of the charity’s commitments and contingencies. Given Karma Nirvana’s reliance on trading, fundraising, and other unpredictable income streams, it is essential to hold sufficient reserves to meet planned commitments and address unforeseen circumstances.

The charity is fully dedicated to utilising any surplus reserves promptly and effectively to support its mission and ensure the continuation of its vital work.

13

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Plans for the future

Our future plans include continuing to meet the demand on our Helpline and adapt to the changes around victim and survivors will face. We plan to address the needs of our Helpline and continue recruiting and training our staff to ensure the Helpline is uninterrupted in its goal in supporting victims and survivors.

Karma Nirvana is committed to expanding its support for victims of Honour Based Abuse by seeking funding for a bespoke counselling service. The demand for counselling has become increasingly apparent, with victims frequently expressing this need during helpline calls. To address this, we aim to secure support from grant-makers to establish and sustain a counselling model that complements our existing helpline services, ensuring victims receive the comprehensive care they deserve.

The foundations we have created within the year to make Honour Based Abuse a statutory definition we will continue to work with the government and sector partners to ensure we build on the current hard work to ensure this progresses in the right direction.

14

KARMA NIRVANA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Statement of trustee's responsibilities

The Board of Trustees are responsible for preparing the Board of Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales and Scotland requires the Board of Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Board of Trustees are required to:

The Board of Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the charity's assets and hence for taking reasonable steps to prevent and detect fraud and other irregularities.

The Board of Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees on 24 January 2025 and signed on their behalf by

Jasbir Johal Chairperson

15

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KARMA NIRVANA

I report on the accounts for the year ended 31 March 2024 set out on pages 16 to 22.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales (ICAEW).

It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below

16

Independent examiner's statement

In connection with my examination, no matters have come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the account ting records and comply with the accounting requirements of the Charities Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Vivek Kapoor Ferguson Maidment & Co

17

KARMA NIRVANA

Statement of Financial Activities for the year ended 31 March 2024

Note
Opening balances
Income
Grants
3
Donations
Training income & Charitable Activities
Bank interest
Gift aid
Total Income
Expenditure
Staff costs & NIC
Trustee's expenses
Stationery & Postage
Equipment
Telephone
Rent & Offices costs
Insurance
Computer and website costs
Printing costs
Subscriptions, Fees & Training Costs
Fundraising expenditure
Managing & Administering charity
Volunteer expenses
Staff travel and subsistence
Total Expenditure
(Deficit) / Surplus for the year
Closing Balance		 Unrestricted
Restricted
Total
Funds
Funds
2024
£
£
£
393,136
33,804
426,940
50,250
329,786
380,036
39,053
-
39,053
59,953
-
59,953
6,489
-
6,489
1,704
-
1,704
157,449
329,786
487,235
131,659
269,637
401,296
-
-
-
1,110
405
1,515
3,077
-
3,077
3,681
11,054
14,735
9,778
27,205
36,983
2,355
-
2,355
3,414
-
3,414
3,045
5,200
8,245
9,237
16,501
25,738
15,065
7,000
22,065
5,671
-
5,671
5,649
-
5,649
12,929
3,036
15,965
206,670
340,038
546,708
(49,221)
(10,252)
(59,473)
343,915
23,552
367,467		 Total
2023
£
527,583
357,380
24,187
56,678
1,668
635
440,548
411,156
214
1,321
5,237
11,170
40,852
1,918
5,835
5,056
10,670
12,754
15,658
4,183
15,167
541,191
(100,643)
426,940

18

KARMA NIRVANA

Balance Sheet at 31 March 2024

Note
Assets
Balance at bank
Cash in hand
Debtors - HMRC - GiftAid
Debtors - Others
Liabilities
Creditors
4
Net assets
Represented by:
Unrestricted funds
Restricted funds
5		 2024
£
327,929
-
356
57,915
386,200
18,733
18,733
367,467
343,915
23,552
367,467		 2023
£
378,763
108
146
64,304
443,321
16,381
16,381
426,940
393,136
33,804
426,940

These financial statements were approved by the Trustees and authorised for issue.

19

KARMA NIRVANA NOTES TO THE ACCOUNTS AT 31 MARCH 2024

Note 1

Statement of Compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

Note 2

Accounting Policies

Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised` at cost or transaction value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going Concern

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

Transition to FRS102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.

20

Incoming Resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

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.

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.

21

KARMA NIRVANA

Notes to the accounts For the year ended 31 March 2024

Note 3

Grants

Home Office
West Yorkshire Combined Authority / MOJ
Leeds Women Aid
Henry Smith Charity
Leathersellers
University of Birmingham
Anonymous Grant
University of Nottingham
Esmee Fairbairn Foundation		 Unrestricted
Restricted
£
£
-
165,000
-
23,124
-
41,270
-
29,900
-
10,000
-
500
-
50,000
-
9,992
50,000
-
50,000
329,786		 Total
£
165,000
23,124
41,270
29,900
10,000
500
50,000
9,992
50,000
379,786

Note 4

Note 4
Creditors
Amounts due to HMRC re PAYE
Note 5
Restricted funds		 2024
£
18,733		 2023
£
16,381
Home Office
West Yorkshire Combined Authority / MOJ
Leeds Women Aid
Henry Smith Charity
Leathersellers
Rosa Fund
University of Birmingham
Anonymous Grant
University of Nottingham		 Opening
Closing
Balance
Income
Expenditure
Balance
£
£
£
£
-
165,000
(165,000)
-
-
23,124
(23,124)
-
-
41,270
(41,270)
-
22,804
29,900
(52,704)
-
4,000
10,000
(14,000)
-
7,000
-
(7,000)
-
-
500
(500)
-
-
50,000
(26,448)
23,552
-
9,992
(9,992)
-
33,804
329,786
(340,038)
23,552

22

KARMA NIRVANA

Charity Number 1089477

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

Ferguson Maidment & Co

CHARITY COMMISSION Independent examiner's report on the FOR ENGLAND AND WALES accounts Section A Independent Examiner's Report ~~2)~~ members of Report to the trustees/ i On accounts for the year Charity no ended 31 March 2024 (if any) 1089477

Set out on pages 3 - 6

I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31 March 2024. Responsibilties and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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.

Signed: ~~|~~ Date: • - I . _ ___ ____J |S I ~~ltr~~ --------------- l..\t- ~~a~~ | __ Name: Vivek K ~~—~~ I ~~|~~

1 Oct 2018

Oct 2018

IER

Relevant professional The Institute of Chartered Accountants in England and Wales (ICAEW). qualification(s) or body (if any):

Address:

Section B

Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance fr examiners).

Give here brief details of any items that the examiner wishes to disclose.

IER

Oct 2018

2

KARMA NIRVANA

Statement of Financial Activities for the year ended 31 March 2024

Note
Opening balances
Income
Grants
3
Donations
Training income & Charitable Activities
Bank interest
Gift aid
Total Income
Expenditure
Staff costs & NIC
Trustee's expenses
Stationery & Postage
Equipment
Telephone
Rent & Offices costs
Insurance
Computer and website costs
Printing costs
Subscriptions, Fees & Training Costs
Fundraising expenditure
Managing & Administering charity
Volunteer expenses
Staff travel and subsistence
Total Expenditure
(Deficit) / Surplus for the year
Closing Balance		 Unrestricted
Restricted
Total
Funds
Funds
2024
£
£
£
393,136
33,804
426,940
50,250
329,786
380,036
39,053
-
39,053
59,953
-
59,953
6,489
-
6,489
1,704
-
1,704
157,449
329,786
487,235
131,659
269,637
401,296
-
-
-
1,110
405
1,515
3,077
-
3,077
3,681
11,054
14,735
9,778
27,205
36,983
2,355
-
2,355
3,414
-
3,414
3,045
5,200
8,245
9,237
16,501
25,738
15,065
7,000
22,065
5,671
-
5,671
5,649
-
5,649
12,929
3,036
15,965
206,670
340,038
546,708
(49,221)
(10,252)
(59,473)
343,915
23,552
367,467		 Total
2023
£
527,583
357,380
24,187
56,678
1,668
635
440,548
411,156
214
1,321
5,237
11,170
40,852
1,918
5,835
5,056
10,670
12,754
15,658
4,183
15,167
541,191
(100,643)
426,940

3

KARMA NIRVANA KARMA NIRVANA

Balance Sheet at 31 March 2024 Balance Sheet at 31 March 2024

Note
Note		 2024
2024		 2023
2023
£ £
Assets
Assets
Balance at bank
Balance at bank		 327,929
327,929		 378,763
378,763
Cash in hand
Cash in hand		 - 108
108
Debtors - HMRC - GiftAid
Debtors - HMRC - GiftAid		 356
356		 146
146
Debtors -
Debtors - Others		 57,915
57,915		 64,304
64,304
386,200
386,200		 443,321
443,321
Liabilities
Liabilities
Creditors
Creditors		 4
4		 18,73
18,733		 16,381
16,381
18,733
18,733		 16,381
16,381
Net assets
Net assets		 367,467
367,467		 426,940
426,940
Represented by:
Represented by:
Unrestricted funds
Unrestricted funds		 343,915
343,915		 393,136
393,136
Restricted funds
Restricted funds		 5
5		 23,552
23,552		 33,804
33,804
367,467
367,467		 426,94
426,940

These financial statements were approved by the Trustees and authorised for issue and These financial statements were approved by the Trustees and authorised for issue and are signed on their behalf by: signed on their behalf by:

Chair Chair

A wer WMA ¢ Nasreendlegum: Treasurer Treasurer

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4 4

KARMA NIRVANA

Notes to the accounts For the year ended 31 March 2024

Note 1

Statement of Compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

Note 2

Accounting Policies

Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going Concern

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

Fund Accounting

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

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.

Incoming Resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from charitable activities is recognised when earnt.

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.

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.

5

KARMA NIRVANA

Notes to the accounts For the year ended 31 March 2024

Note 3

Grants

Home Office
West Yorkshire Combined Authority / MOJ
Leeds Women Aid
Henry Smith Charity
Leathersellers
University of Birmingham
Anonymous Grant
University of Nottingham
Esmee Fairbairn Foundation		 Unrestricted
Restricted
£
£
-
165,000
-
23,124
-
41,270
-
29,900
-
10,000
-
500
-
50,000
-
9,992
50,000
-
50,000
329,786		 Total
£
165,000
23,124
41,270
29,900
10,000
500
50,000
9,992
50,000
379,786

Note 4

Creditors

Note 4
Creditors
Amounts due to HMRC re PAYE
Note 5
Restricted funds		 2024
£
18,733		 2023
£
16,381
Home Office
West Yorkshire Combined Authority / MOJ
Leeds Women Aid
Henry Smith Charity
Leathersellers
Rosa Fund
University of Birmingham
Anonymous Grant
University of Nottingham		 Opening
Closing
Balance
Income
Expenditure
Balance
£
£
£
£
-
165,000
(165,000)
-
-
23,124
(23,124)
-
-
41,270
(41,270)
-
22,804
29,900
(52,704)
-
4,000
10,000
(14,000)
-
7,000
-
(7,000)
-
-
500
(500)
-
-
50,000
(26,448)
23,552
-
9,992
(9,992)
-
33,804
329,786
(340,038)
23,552

6

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustee81 members of KARMA NIRVANA On accounts for the year ended Charity no (if any> 31 March 2024 1089477 Set out on pages thA nanp niimhpr< nl AIYdsiinn218ho.ut8) I report to the trustees on my examination of the accounts of the above charity {Ihe Trusf} for the year ended 31 March 2024. Responsibiltles and basis of report As the charilrfs trustees. you are responsible for the preparation of the accounts in accordance wrth the requirements of the Charities Act 2011 (°the Act.). I report in ￿SpeCt of my examination of the Trusfs accounts carried out under section 145 of the 2011 AGt and in carrying out my examination, I have followed all the applicable Directions gNen by the Charty Commission under section 145{5)(b) of the Act. Independent The charty's gross income exceeded £250,000 and l am qualified to examiner'8 Statement undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales (ICAEWI. I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination (other than that disclosed bel(M ') which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records; or the accounts did not comply with the appI￿8ble requirements concerning the forn and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent exarnination. 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. . Please delete the words in the brackets rf they do not apply. Signed: Date: Name: Vivek Kapoor IER Oct 2018

Relevant professional qualification(s) or body {if any): The Institute of Chartered Accountants in England and Wales (ICAEW). Address: Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and uidance for examiners Glve here brlef detalls of any item8 that the examinar wishes to dlsclose. IER Oct 2018