**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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