REGISTERED CHARITY NUMBER: 1110169
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
FOR
KATHODRA WELFARE TRUST
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
KATHODRA WELFARE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
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Page
Trustees' Report 1
Statement of Financial Activities 2
Statement of Financial Position 3
Notes to the Financial Statements 4 to 8
Detailed Statement of Financial Activities 9
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KATHODRA WELFARE TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2024
The trustees present their report with the financial statements of the charity for the year ended 31st August 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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1110169
Principal address
46 Wilson Street Leicester LE2 0BB
Trustees
Mr. S Patel Mr I Patel Mr I S Sidat
Approved by order of the board of trustees on 29th May 2025 and signed on its behalf by:
Mr. S Patel - Trustee
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KATHODRA WELFARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 |
31/8/24 Unrestricted fund £ 27,126 - |
31/8/23 Total funds £ 18,241 21 |
|---|---|---|
| Total | 27,126 | 18,262 |
| EXPENDITURE ON Raising funds 3 |
14,722 | 17,740 |
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
12,404 73,996 |
522 73,474 |
| TOTAL FUNDS CARRIED FORWARD | 86,400 | 73,996 |
The notes on page 0 form part of these financial statements
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KATHODRA WELFARE TRUST
STATEMENT OF FINANCIAL POSITION 31ST AUGUST 2024
| 31/8/24 Unrestricted fund Notes £ FIXED ASSETS Investment property 6 65,475 CURRENT ASSETS Cash at bank 23,710 CREDITORS Amounts falling due within one year 7 (235) NET CURRENT ASSETS 23,475 TOTAL ASSETS LESS CURRENT LIABILITIES 88,950 CREDITORS Amounts falling due after more than one year 8 (2,550) NET ASSETS 86,400 FUNDS 10 Unrestricted funds 86,400 TOTAL FUNDS 86,400 |
31/8/23 Total funds £ 65,475 11,071 - 11,071 76,546 (2,550) 73,996 73,996 73,996 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29th May 2025 and were signed on its behalf by:
Mr. S Patel - Trustee
The notes on page 0 form part of these financial statements
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KATHODRA WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
EXPENDITURE
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.
INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
TAXATION
The charity is exempt from 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.
2. INVESTMENT INCOME
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||||
|---|---|---|
|31/8/24|31/8/23|
|£|£|
|Deposit account interest|-|21|
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KATHODRA WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024
3. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
| RAISING DONATIONS AND LEGACIES | |
|---|---|
| Project India Support costs |
31/8/24 31/8/23 £ £ 14,202 17,400 520 340 |
| 14,722 17,740 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2024 nor for the year ended 31st August 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income |
Unrestricted fund £ 18,241 21 |
|---|---|
| Total | 18,262 |
| EXPENDITURE ON Raising funds |
17,740 |
| NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
522 73,474 |
| TOTAL FUNDS CARRIED FORWARD | 73,996 |
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KATHODRA WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024
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6. INVESTMENT PROPERTY
£
FAIR VALUE
At 1st September 2023
and 31st August 2024 65,475
NET BOOK VALUE
At 31st August 2024 65,475
At 31st August 2023 65,475
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£ £
Other creditors 235 -
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/8/24 31/8/23
£ £
Other creditors 2,550 2,550
9. LOANS
An analysis of the maturity of loans is given below:
31/8/24 31/8/23
£ £
Amounts falling due between two and five years:
Other creditors 1,800 1,800
Deposit - rent 750 750
2,550 2,550
10. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£ £ £
Unrestricted funds
General fund 73,996 12,404 86,400
TOTAL FUNDS 73,996 12,404 86,400
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KATHODRA WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources Movement resources expended in funds £ £ £ 27,126 (14,722) 12,404 |
|---|---|
| TOTAL FUNDS | 27,126 (14,722) 12,404 |
| Comparatives for movement in funds Unrestricted funds General fund |
Net movement At At 1.9.22 in funds 31.8.23 £ £ £ 73,474 522 73,996 |
| TOTAL FUNDS | 73,474 522 73,996 |
| Comparative net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds £ £ £ Unrestricted funds General fund 18,262 (17,740) 522 |
|
| TOTAL FUNDS | 18,262 (17,740) 522 |
| A current year 12 months and prior year 12 months combined position is as follows: Net movement At At 1.9.22 in funds 31.8.24 £ £ £ Unrestricted funds General fund 73,474 12,926 86,400 |
|
| TOTAL FUNDS | 73,474 12,926 86,400 |
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KATHODRA WELFARE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources resources expended £ £ 45,388 (32,462) |
Movement in funds £ 12,926 |
|---|---|---|
| TOTAL FUNDS | 45,388 (32,462) |
12,926 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2024.
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KATHODRA WELFARE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Rent rec'd |
31/8/24 31/8/23 £ £ 17,175 9,241 9,951 9,000 |
|---|---|
| Investment income Deposit account interest |
27,126 18,241 - 21 |
| Total incoming resources EXPENDITURE Raising donations and legacies Project India Support costs Governance costs Insurance Accountancy and legal fees |
27,126 18,262 14,202 17,400 285 215 235 125 |
| 520 340 |
|
| Total resources expended | 14,722 17,740 |
| Net income | 12,404 522 |
This page does not form part of the statutory financial statements
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