REGISTERED CHARITY NVMBER: 1113836 REPORT OF THE TRUSTEES AND AVDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 FOR KASHMIII ORPHAN RELIEF IRUST
KASHMIR ORPHAN RELIEF TRUST CONTENTS OF THE FINANCIAL STATEMENIS For The Year Ended 31 October 2023 Puge R•fer•ne• ond Admlnlstrallve Delalls Report ol Ihe Tiusleei stalemenl ol Ivvslees, Responilbllllles Report d the Independent AudStoM 10 to 12 stutement of Flnanclul AetFvltl•i 13 Balunc• Sheet Cush Flow Slolemenl Nolei to the Cgih Flow Stalemnl Notes to th Flnunclul Stal•m•nli 17 10 23 D•lull•d Slolement of Flnanclol Acllvwlei 24
KASHMIR ORPHAN RELIEF TRUST REFERENCE AND ADMINISTRATIVE DETAII5 Fol The Year Ended 31 October 2023 TRUSTEES Mr A A Lalil Mr M Akhtar Mr M M Alzal Mr M R Boshii Mi M Yaqoob Mr N Forooq Mr Z Hussoin (resigned 15.6.241 Mr M Nisar Mr A Hussoin loppolnted 23.9.231 PRINCIPAL ADDRESS Leicester Busin&ss Centie I I I Ro55 Walk Leicester Leiceslershire LE4 SHH REGISTERED CHARItY NUMBER 1113836 AUDITORS TC Group 31 High View Close Homillon Ollice Park Leicester Leice5te15hire LE4 9LJ Page I
KASHMIR ORPHAN RELIEF TRUST REPORT OF THE TRVSTEES For The Yeur Ended 31 O¢lobei 2023 The tru5tee5 present thelr report th the Ilnanclal slalements ol the charlly lor the yeor ended 31 October 2023. The trustees have odopted the piovisions Of Accounting ond Repoillng by Chorities.. Slotement ol Recommended Practlce tspplicoble lo charllle5 preporing their occounls In accordonce with the Finoncial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 lellecllve l Jonvary 20191. OBJECTIVES AND ACTIVITIES Oblectlve5 and alms The key objective of tho charity 15 lo roise fvnds for the pulpose of providing relief to the poor. disobled. wdows. ond orphans ol Azod Jommu K05hmir-Pokislon, W11h the assistonce ol the charity, th?se categories of people ore provlded wllh (depending on Ihelr needl necessllles such as food. shelter. clothes, medicines, edvcotlon, wheelchoSrs. sevAng machlnes ond clean woter, where fe051bltr. Publ1¢ benelll The Trustee5 hove revlewed the general guldonce provlded by the Charlly Comwls51on th r8gord to a 51olemenl ol publlc benelll. The Tru51ses hove en5vred Ihol the chailly remolns Iocu55ed on our chorlloble oIM5 ond conllnue lo deliv&r benellls to the publlc. Grantmaklng KORI does not prtsde gionls lo any Indlvldua1s or organlsotlons. Funds used lor our own s&lecled projects l.e.. 5U51olnubS1Sty ol our own orphanago In Mlrpur, Azod K05hmir and dislribullon ol rood re11el pockoges, wheelchalis. and sewlng machine5 for the poor & needy people ol Azad Kashmir - once the need hos been verified by our own locol teams. ACHIEVEMENT AND PERFORMANCE Chaillable acllvllles Orphans Sponsorihlp and Sustalnablllty Program During the peilod YE 2023. The KORT 5ponsorshlp Progrom ¢otered lor 440 orphon chlldren based In our pvrp059-bvill home lor orphons.. namely The KORT Educationol Complex, Akhtorobod. Mlrpur. Azad Koshmlr. Al KOR T. Ihe chSldren ore safeguarded from the scourge ol poveily and piovlded with Iiesh meols, sale and secure envlionmenl, livlng accommodallon. recreallonol locilitl&S, COsvoI clothlng, school unllorms. m&dlcal care, and qvalily education. Oetob•r 21Y23 The KORT HOSPITAL piolecl Is o bsacon ol hope for the approxlmalely 4.5 mllllon residents ol Azod Ka5hmlr, muny ol whom Ilve below the poverty line ond foce tho challenge ol trov8lling to 151omobod lor speclollst Iieolmenl-a louiney that 15 often vnalloidable. To oddre5S this dlre need. KORT Is con51rucllng the loigsst Iree-ol-cost hospital In Mlrpui. Azad Koshmli. Thls 500-bed mLJllldlscipllnory hospital will oller a comprehenslve rongo of tertiary ond secondory care seivi¢es. inlroduced in phosos, The grovndbreoking ¢oiemony. led bv Commander 10 Corps, Lt. Gen. Shahid Imilaz, on th& 7th October moiks the Start ol o project that piomise5 to slgnlllconlly enhance the healthcare inlrosliucluie ol the reglon. The h05pilal oims lo piovlde 'lree' quolily heollhcore Ihol is accessible lo all. especially catering to the nogds ol those who connot oflord medicol expensos. The iniliotlvg 15 Q testamenl to KORT'5 commitrnent to ollevioling human sufloring ond impioving tho quallly ol Ille lor the people ol Azad Koshmlr Alhomdulilloh, the completion ond inougurotion ol the second 51ale-ol-Ih8-art orphonog? on 8th October by the Koshmlr Oiphon Rellel Trust IKORTI in Swobl. KPK. Is o momentou5 o¢¢oslon. This new home Is a tesloment to Ihg collective effor15 ond generosity of people from across the globe. It 5tond5 os 0 soncluary ol comloit ond cole lor the orphons. providing them wlih a nurturing enviionmenl to grow ond thrive in. We extend ovr deepest gratitvde to oll the oltendees who mod? the journey lo be parl Of thi5 5ignlficant event. May this home serve as a foundation loi a hopeful and Secure future lor Ihe children il 5heller5. Poge 2
KASHMIR ORPHAN RELIEF TRUST REPORT OF THE TRUSIEES For The Year Ended 31 October 2023 September 2023 The joint effort by the Graham Layton Trust and the Layton Rohmatullo Benevolent Trust ILRBTI to orgonize on Eye Comp al the KORT Complex in Mirpur, AJK. Is a proiseworthy initiative. These eye comp5 ore vitol in Identifying and Ireollng vi5uoI impairments omong children, offering criticol eye care serrflces thot can lead to improved educationol ond social outcomes. The focus on enhancing the vision ol young individuols Is o step loword5 ensuring they hove the opporlunities for a succe55lul lulure. 11 is with optimism Ihot such initiatives will persist in bringlng about meoningful change and benefits lo the chlldren Served. Avgvst 2023 KORT OENTAL CLINIC INAUGURATION FOR THE NEEDY.. Alhamdulillah, Ihe kind-hearted donotion ol u house in Mirpur has enobled the Kashmir OFphan Relief TIu5t IKORTI to establish a dental clinic. This clinic 15 yet onother testament lo KORT'S dedication lo serving humanity. offering es5entiol dentol treolments at o minimol cost of Rs 50 only. to make it occessible to the poorest. The inouguralion wa5 honoured by the presence ol notoble dignitarie5. enhancing the significonce ol the event. Our deepest grotitude goes to the donor and all the Individuals who have supported this noble cause. Moy this clinic conlinue to piovide voluoble service5 to the community. KORT CLEAN DRINKING WATER PROJECT.. Alhomdulilloh. tho inougurotion of two new Water Filtration Plan15 in Moll District and Bainalo District. both in Bhimber AJK. mark5 0 significant advoncemenl in public heotth and wellaie. The generosity ol the donor5 who made thi5 possible cannot be oveistoted. Acce55 to clean watei 15 e55ential for life, and these plants ore poised lo greotly improve the quolily ol Ille for the local communllie5. The impact of such contributions is profound, ensuiing thol the basic need for clean water is met with grolilude and hope for a healthier future. Juty 2023 KORT TURNING DISABILITY INTO ABILITY.. KORT has Successfully complgted a crucial wheelchoii occess project for vulnerable disabled individuals ol the High Court ond Session Court of Mirpur, AJK. We extend our heorllell gratitude to Justice Kholid Rosheed, Justice Hlgh Court. lor inougurating this essentiol initiotive. KORT EDUCATION lor ALL PROJECT.. The construction ond handover of the new primory School in Numbal Sorori. Disll Poonch. to the AJK government is o signilicont step toward providing quolity educolion ond fostering piogres5. Our heorllelt gratitude goes oul to the generous don015 who made this possible. The before-ond-ofler photos highlight the positive impoct ol this initiotive. May the children thrive ond contribute to the belteiment of our nation! June 2023 Education for every child Project.. AlhomduNlloh! The Kashmir OTphon Relief Trust IKORTI celebrole5 the successful completion ol the Government 8oy5 Primary School in Red Villoge. Falehpur Thakialo, situated along the Line of Control in AJK. Thi5 ochievemenl. mode possible through Ihe generous contributions ol donor5 from Molawi. slonds 05 a prime example of the power ol collective ellort. goodw11. and humanilv wilhoul borders. The estobli5hmenl ol thi5 educolionol institution promises lo be a tronsformolive loice foi the vouth in the region, providing them with the lools for intellectvol and personal growth. 11 is hoped that the school will become a symbol of hope ond advancement. losteiing a brighter Ivlure loi the communily. KORT housing project lor flood allected in Sindh.. By the grace ol Allah. the completion and handover of 70 houses lo the most oflecled by the floods in the Tando Allohyor disliict of Hyderabad is a milestone ol hope and resilience. The key handover ceremony wa5 notably ottended by dignitarie5 inclvding Air Chief Ma15hol Sohoil Amon ond SSP Tando Allohyai. Syed Saleem Shoh. olong5ide Chairman KORT, Choudhary Mohammed Akhlor. reflecting a collective commitment to uplilf those in dIe need. Profovnd thonks are extended to the generous donois whose contributions hove been In5trumentol in reolizing this project. It Is the eamestr hope that these new homes will 5tond os hovens of safety, comfort. ond new beginnlngs for the deseNing lomilie5. May 2023 Page 3
KASHMIR ORPHAN REIIEF TRUST REPORT OF THE TRUSTEES Foi Th• Yeui Ended 31 Oclober 2023 Estob5ishment of compulei lobs in N&&lum valley.. The news of the Koshmlr Orphon Relief Trust IKORTI Inouguraling fully fumished Computer laboiotories ol the Government Khawolo Shakir Ullah Higher Secondory School and Ihe Government Glrfs Hlgh School Khowajo Seri Lowot in Neelum Valley Is Sndeed uplilling. The ceiemony. olliciotgd by MLA Peer Mozhoi Shah and ollended by edvcolional officials such as the DEO, Deputy DEO. ond AEOS. signifie5 a remarkable advoncemenl. The Iransformation from a lack ol proper tacilitie5 lo the provlsion of cutling-¢dge laboratorles represents a leop loword In edvcotional resources lor the rggion. Wlth these lobs now ovoiloble, not only will the cutrent cohort ol students benefit, but olso countless futuie genertttlons. 115s a lervenl hope thot Iheso focililie5 wll 8nhance the educolional experSenctrs ol the students. loslering Iheir Intellecluol growlh ond opening new horizons for their fuluie endeovours. Women Empowerment.. The InStiotion of a new sewing School In Muztslfarabad by the Choirmon of the Kashmli Orphon Rellel Trust IKOR TI 15 0 5ignificonl stride in empoweilng women In the communliy, The projecl. led by TrArs. Lolba Kouser. stands as a beocon ol inspirolion. This ventvre aim5 to Impart valuoble skills to women, thereby enabling thèm to prosper ond mak8 meanSnglul conlrlbutions lo thtrlr communllle5. A round ol opplau5915 warranted loi KORT for thelr relentloss supporl ond commSlmenl lo th15 empoweiing inltlollve. Maich 2023 - Another Successful Romodan KOR T hos mode a signillcanl Impocl during the holy month ol Rarnadan wSth Its composslonote InS1ialive lo 011evlale hunger In Azad K05hmli. The oigonlzotlon's dlstrlbullon ol food packs to families In n?ed Is a crfllcal $vpporl system. provldlng suslenonce to those groppling wlth lood In5ecuilly. Each food pock, priced ot £40, Is pocked wllh vliol 51aples Includlng lenllls. vorlou5 spice5, 5all. sugar, rlce, flour, and ghee, ond Is more than 5ullicienl lo l&ed a family ol live for on ¢ntiie month. In oddilion lo the food old, KORI'S piovSslon ol Fltiana, along wSlh the d15trSbvllon of th& Quion and prayer mats. embodles the true e55ence of ernpolhy ond community splill. 11 is hoped that thes8 oc15 01 kindn935 ore ble55ed ond guld&d by the dlvlne. The parllclpotion ol distinguished guests such os Commlsslon&r Choudhary Shoukat, AC Sardor Abdul Qodor. ond Vlce Cholrman Ra50 Nadeem hlghllghls the 51renglh found sn solldaiily and bensvolencg 05 port of thi$ vnlt&d endeovoi. KOR T extends lis sincere thank5 to donors from around the globe loi the51 tru51 in the orgonizallon as a condull lor Ihelr Zakal, Fidya, ond Fitrono conliibullons. The onlic5pallon lo conllnue IhSs seivlce in the lollowlng yeoi Is hlgh. and it Is with eager hearts Ihul KORT look5 lopNard lo the ongoing p051tive ellecls these donallons wll hove on the IIv05 of the beneflclail2s. The chorltable ge51ur¢ ol dlstrlbuling 120 wheelchalrs lo Indlvldua1s. Inclvdlng women ond chlldren Impocted by the hosllllties ol the Line ol Control ILOCI, hos been o source ol great In5plrolion. The ceremony. which took ploce In Kholrotto ond was groced by the piesence ol the Mlnistei ol Heollh N15ar Ansoi Abdoli omong olher e5toemod dign5toiles. slonds 0$ o le51ament lo the endurlng splilt ol humanStar5an15m. Thls Inillullve not only reflec15 a deep 5on5e ol gmpothy but olso o steodlasl dedication to Improving the Ilves ol those alleclsd by adverslly. It is the slncere hope Ihol thsse wheelchoirs wll provide incieosed mobility ond o meosure ol rellel to Ihe reclplents. enhonclng Ihelr qvollly ol1S1e. Februory 2028 - The devasloling earlhquake Ihot stiuck the oleo between Syria and Turkey hod o profound impocl, resultlng In wldespread damage and 10s5 01 life. The ollecled communllles loced Immense choll?nges due to their unpreparedne55, compounded by existing pool conditions und limited re50vrce5. KORT'S iopid response. In collaboration with the Pokistan Army, 15 truly commendoble. Over the course ol three rmonths. they delivered essenliol supplies 5vch 05 food. medicine5. and wheelchoiis to 5yiia and Turkey. demonslioting their unwavering commitment to ollewating suffering. We expies5 Qur grotilude lo all the donors who suppoiled this critical appeal. Moy these modest efforts be accepted by the Almlghty. gulding u5 loword luilher comp055ion and 0551Stonce for th05& in need. Jonvory 2023 Page 4
KASHMIR ORPHAN RELIEF TRUST REPORT OF THE TRUSTEES For The Yeov Ended 31 Oclober 2023 Il's truly heartworming lo leorn aboul KORT'5 Housing Project for Underprivileged Fomilies in Chilleipaii. Miipur AJK. The construction ond subsequent hondover of o house to a deserving individuol èxernplify compassion ond unwovering commitment. The presence ol Honourable Deputy Commi55ioner Miipui. Chairmon KORT. Governing Body Member5, ond the dedicoted teom membeis further underscores the 5ignificonce ol Ihls initiative. We extend our heortlelt giatitude to the geneiou5 donor5. SUPPOlters, and Muskorleers who moke such impacllul projects Possible. Moy this neY provided house bring comfort, security. ond ts piofovnd Sense ol belonging to it5 fortunate new resident. December 2022 Supplylng waim clothing lo 10,OtM) underprivileg&d children in Azad Kashmir is a vltol endeavour. KORT Every year provide5 Worm clothing lo the children of Azad Ka5hrnir. The cost lor thls year is £2.50 per child. this modest investmenl can signilicontly enhance their well-being during the wnter monlhs. Moy this initiotive piovide much-needed warmth ond ieliel lo those who iequiie il most. Zakol'5 Pivotol role in supporting Ih05e in need is commendoble, ond l appreciote your acknowledgment of 115 impact The succ85sful lundr0i5ing event in Luton. where funds were collected foi the bum center h05P1tol. is truly inspiring. The lact that it wa5 a fvll hovse ond ochieved o record-breoking outcome speok5 volumes obout the dedication and p05sion ol everyone involved. Congratulation5 to the entire Lulon Team and the hAu5KOR Teers for theii hord work ond commitment. A speciol thank you goe5 out to the amazing donors of Lulon. Their generosity and unwovering support play a ciuciol role in making a 5ignificont impact on the lives of those who need it m05t. Together. we can continue to creole positive change ond uplift our communitie5. November 2022 In Islomabod. a deleg(5tion led by Chaudhry Muhommod Akhtor, Chairman ol the Koshmir Orphan Relief Trust IKORTI. olong with Azad Koshmir's Prime Mini5tei ond President of Tehieek-e-In5of Azod Kashmir. Sardar Tanveer IIy05 Khon, briefed the Prime Minister of Azad Koshmii Dn the ongoing development projects in the region. Country Director KORT Sajid Dilowor Khan. British Social figvre Abid Hussain. Islomabad 5enioi jouinolisl Ri2won Abba5i. and Engineer Asghar Hoyot weie olso present during the meeting. The Prime Minister expressed hi5 commitment to Iranslorming Azod Kashmir into o welfare stote. wth a porliculor locus on educotion for the children of mortyr5 and victims of the Line ol Control. The recognition of courl services in the welfare field in both Azad Koshmir ond Pakistan is welkc*e5etved. Fvndralslng actlvttle5 Here ore KORT'S moin fundiolsing rnethod5 ond oclivities.. o Charity Fundroi5ing Dinners The charity holds charity fundraising event5 throughout the year in dilleient cities ocioss England to piovide feedback to our donors of how and where Iheir donations hove been used and shale plan5 of future projects lor the susloinobility of KOR T and lo eose Ihe pain of the svffering humanity in Azod Koshmir and Pakistan.. o TV & Rodio Appeals - Live Rodio AppeaL% ond Live TV Appeals were bioodco5ted during this accounting period. o Online Fvndroi5ing Plallorms Several ol our Mv5keteers Ivolunleersl from ac1055 Englond roised funds lor KORT by selling up lundralslng poges on Jv5tgiving.com. Page S
KASHMIR ORPHAN RELIEF TRUST REPORT OF THE TRUSTEES For The Year Ended 31 October 2023 FINANCIAL REVIEW Flnanclal posttlon During the year ended 31st October 2023, the chorify received an Income lotolling £3,803,046 12022.. £4,358,0801. Thi5 included Gift Aid of £263.051 12022.. £263.5581 of which was received from HMRC. An expenditure of £4.207.442 12022.. £3,453.4181 was incurred to meet the chority's prime objectives in Azad Koshmir. £3,763,84512022.. £2.940.4211 ol the total expenditure went toword5 the running ol the orphonoge in Mirpur Azad Koshmir ond loward5 pioviding relief to the suffering humanity in Azod K05hmii and Poklstan. The total amount ol funds corried IopNaid was £2.686,23212022= £3.090.6281. After b8ing restricled to dellver our choriloble projects in AJK & Pokiston during the Cowckl 9 pandemic, 2022 wos o yeor of normality with no More lockdowns or cvrlews. and heollh restriclion5 being lifted. However. as people went about embrocing the'New Normal Life,. the cost ol living soored which increased the c05t of our charitable prolects ond the running c05t of KORT. These problems were exocerbaled wilh tho political lumoll in Pakistan. The tough two yeors ol Cowckl g hod coused o backlog of our charitable projects. and we hove hod to postpone some projects further due to piioritising relief ond rehabilitotion project5 foi eaTthquuke hil Afghonlstan and flood allected Pokiston. However. despite the challenges brought by the cov119 pandemic and the uncertointies caused by inflotion. KORT hos shown great resilience by delivering on our stiotegic objective5 for 2023. 2024 will See further progre55 of some key projects including the KORT Burn Centre ond Ihe KORT H05Pitol. Pilnclpal fvndlng sources Funds received vio direct debit ond slandlng order iemalns a key source of Income for KORT. This mointoins a constant flow of income to SU5toin our orphan5' home and deliver our chorilable objectives. Gift Aid 15 0150 an Imporlont source of income for KORT, ond we moke effective use of Ihls additional money. Gilt Aid help5 to cover our essenliol operoling ond adminislialion costs. ensuring principal donotion5 have maximum impocl ond reach Ih05e in need. 100% Donallon Pollcy Our l 00% Donolion Policy ensures thot every penny donoted by our supporters goe5 directly lo our charltable projec15 and couse5, wilhout any deductions for administiotive or operotionol costs. Poge 6
KASHMIR ORPHAN RELIEF TRUST REPORT OF THE TRUSTEES For The Year Ended 31 Otlober 2023 FINANCIAL REVIEW Re5eNes pollcy Purpose The puip05e of the Reserve Policy is lor KORT UK to build and maintoin odequale level of unrestricted fvnds to support KOR T AK'S doy-to-doy Dpeiation5 in the event of unforeseen shoillalls. The ieseive may a150 be used loi one-time. nonrecurring expenses that wll build long-lerm copocity, such as stall development and investment inlra51rucluie. Reserves are not intended lo replace o permanent loss of funds 01 eliminate an ongolng budget gop. The chorily intends for the reserves lo be used and ieplenished periodically a5 necessary. Thi5 Reserve Policy will be mplemented in conjunction wlh the other financial policies ol the charity and is intended to support the goals and strategies conloined Sn those related policies ond In strotegic ond operational plans. DellnWlon$ and Goals The Reserve 15 defined 05 the designoted fund set oside by oclion of the Board of Trustee5. The minimum amount to be designoled as reserve will be esloblished in on amounl odequote to moinlain ongoing adminislrolive costs loi o set peiiod measured in Months. The reserve serves a dynomic role ond wll be reviewed and adjusled in ie5ponse to internal and external changes. The intention ol KORT UK is to build a minimum ReseNe fund equal to 3 years of average recurring operoting costs. This is calculated by KORT AK'S monthly running costs multiplied by 36 months. In oddition to calculoting the actuol reserve ot the fiscal yeor-end. the reserve fund minimum wll be colculoled eoch year oller opprovol ol the annual budget. These reserves wi51 be repoited to the Boord of TvJ5tees ond included In the regular Ilnancial reports. Fundln9 01 Reseryes The Reserve Fund will be funded by KORT UK Mqth 5uTpIv5 vnre51ricled opeioling lund5. The Board of Trustees moy, from lime to lime. direct thot 0 Specific 50vrce ol revenue be set aside foi reserves. For example. speclol appeals. The Board of Trustees will idenlily the need foi access lo reserve funds and confim that the use is consislent with the purpose ol the reserves as described in this Reserve Pollcy. Author to Use ReseThes KOR T AK will submit a request to use reserves lo Ihe Board of TIu5tees. The request will include Ihe onalysis ond determination of the use of funds and plans lor replenishment. The charity's gool is to replenish the fund5 Used ilhin o reosonoble omount of time 05 necessary lo resloie the Reserve Fund to the target minimum omount. The 8ooid ol Trustee5 will either approve or modify the ieque5t ond outhorise Ironsler from the Reserve Fund. Reportlng and Monltollng The Board of Trustees are responsible lor ensuring Ihot the Reserve Fund Is moinlained and used only a5 described in this Policy. Upon approval of the use ol ieserve funds. the KORT AK'5 accounts deportment will Maintain records of the use of funds ond plan lor replenishment of the reserve fund accounl. KORT AK'5 occounls depaitment will provide regular periodlc reports to the Board ol Trustees ol progress to ie5toie the fund to the target minimum amount. The Boafd of Tru5tee5 Mrill onnualEy discuss whot additionol risk factors might be considered for the orgonisation ond the impoct of budgeting on reseNe level5. Revlew ot Pollcy This Policy will be revlewed by the Board of Trustees annually ot minimum, or sooner if worranled by Internol or externol events or changes. Chonges to the Policy will be recommended by the accounts deportment to the Bocjrd of Trustee5. Thi5 policy. upon every revision hereof. must bg distributed by the Office Monager to the lollow4ng individvalslenlilies.. Internal Account5 department, relevant manage[5. Page 7
KASHMIR ORPHAN RELIEF TRUST REPORT OF THE TRUSTEES For The Year Ended 31 Oetober 21r23 FINANCIAL REVIEW The Internal Accoun15 depaitmenl is establlshed by the KORT Board ol Trustees to recommend financiol policies, strategies. and budgets that suppoil the mission. values. ond slrotegic plon of the choiify. Its PUlP05e is lo ensure the linonciol health ond integrity of the charity in pu15uiI of it5 mission to locus on ollevioling poverty for those in dire need of humanitorion uid vio critical emergency oid. andlor social sustoinoble prolects. Golng concern The Iivstee5 consider thot there are no material uncertainlies about the charity's ability to conllnue as o golng concern nor ony significant areas of uncertointy that affecl the carrying value of asset5 held by the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng documenl The chority is contiolled by ils governing document. a deed of trusl and constitutes an unincorporoled chorlty. The charity is constituted by a Trust Deed doled 10 Apiil 2006 ond 15 regi51ered with Ihe Chatity Commission In Englond. UK. Recruwmenl and appolntment of new trustees The recruitment ond selection ol new members ol the Boord ol Trustees Is the responsibility of the Board. ffte selectlon process includes inviting selected individuols who hove been offiliated wth KORT over the yeors and ore respecled In their own communities lo a meeting wlh senior Iruslees lo assess their suitobility for the role. Following this, the Trustees meel lo discuss each applicanl. and Ih05e who are felt to fulfil Iheir criteria ore invited lo join the Boord subject to appropriute check5 Ond reference5. Organlsatlonal 51ructure KORT hos 8 tfustees, 3 fvll-timo admin staff, ond o grophic dosigner in the UK. Indvctlon and tsulnlng ol new Iw$tees Trustees that are selected ore already awore of Ihe ways of working of KORT. Once on board. the senior trustees explain to them their role5 ond respon5ibilitie5, an introduction to oth8r trustee5, on overview of iecent octivities, on explonotion ol the Board loimot. processe5. and ovi piojects. R15k management The trustees hove o duty to identify and review the risks to which Ihe chority is exposed ond to ensure appiopriole contro15 are in place to provide reosonoble 05surance against Iroud and error. Approved by order ol the boord of tru51ee5 on ond signed on it5 beholf by.. Mr M Akhlo Tiustee Poge 8
KASHMIR ORPHAN RELIEF TRUST SIATEMENT OF TRiISTEES' RESPONSIBILITIES For The Year Ended 31 October 2023 The Iruslees are responsible for preparing the Report ol the Trustees ond the financial stalemÈnt5 in occordance with appllcoble low ond United Kingdom Accounting Standord5 (United Kingdom Generally Accepted Accounting Piacticel. The law applicable lo charities in England and Wales. the Charitie5 Act 2011. Chaiily (Atcounts and Reports) Regulolions 2008 and the piovi5ions ol Ihe Irust deed requires Ihe Iruslees to prepore financial slalemenls for each finonciol yeor which give o tTue and foil view ol the stale of olloirs ol the charity and of the incoming resources and opplication of resources, including the income and expenditure, of the chority lor that period. In preparing those linanciol slalements. the trustees are required to select 5Uitoble accounting policies ond then apply them consistently- observe the methods and principles in the Charity SORP., make judgements and estimate5 that are re050noble and prudent., 5tote whether opplicable accounting stondards have been followed. sublect to any materiol dgpartures disclosed and explained in the finoncial statements., piepaie the finonciol slalements on Ihe going concem basrs unle55 it is inappropriate lo presume that th chority will conlinue in business. The trustees are responsible for keeping proper occounting records which di5c105e with reosonoble occuiacy at ony time the finoncial p0511ion ol the chaiity ond to enable them to ensure that Ihe financial statements compty with the Charities Act 2011, the Charity (Account5 and Reports) Regulotions 2008 and the provisions of the trust deed. They ore olso responsible lor 5afeguording the ossets of the charity ond hence lor toking re050noble steps for the prevention ond deteclion ol fraud and other irregulaiilies. Poge 9
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KASHMIR ORPHAN RELIEF TRUST Oplnlon We hove ovdited the financial slotements of K05hmir Orphan Relief Trust (the 'charity'l lor the year ended 31 October ?023 which comprise the statement of Finonciol Activitie5. the Balance Sheet. the Cosh Flow 5toteMent ond notes to the finoncial statements. inclvding o summory of Significant accounting policies. The flnonciol reporting fromewoik thot hos been applied in their preporotion 15 applicoble law ond United Kingdom Accounling Slandord5 (United Kingdom Generalty Accepted Accounting Praclicel. In our opinion the financial stotemenls.. give a true ond foir view of the stole ol the charitys offairs a5 Ot 31 October 2023 and ol Its Incoming resources ond applicotion of re50uices. for the year then ended.. have been properly prepored in accoidance wth United Kingdom Generolly Accepted Accounting Proctice.. and have been prepoied in accordonce with the requirements of the Choritie5 Act 2011. Busls lor oplnlon We conducted our oudit in accordance wilh Inlernational Standords on Auditing IUKI IISA5 IUKII and opplicoble low. Our responsibilities undei those 5tandaTds are further described in the Audi1015' respon5ibililie5 for the audit ol the financial stotement5 seclion of our ieport. We are independent ol the chority in occordance wilh the ethical requiiemenls that ore relevant lo our ovdit ot the financial statements in the UK. includlng the FRC'S Elhical Stondard. and we have lullilled oui olhei ethicol responsibilitie5 in occordonce Mllh these requlremenls. We believe that the ovdit evidence we have Obtained 15 sullicient and appropriote to provide a basis for our opinion. Concluslons relallng lo golng concem In auditing the financial slalement5. we hove concluded thot the tru5tee5' Use of the golng concern b0515 of accounting in the pieparation ol the linanclal statements is oppropriote. B05ed on the woik we have perlowied, we hove not identified ony material uncertalnlies relating lo event5 or condition5 thol, individually 01 collectively. may cast significant doubt on the choriV5 ability lo continue 05 a going concern tor o peiiod of at least twelve months from when the Ilnoncial slalement5 ore outhoii5ed for 15sue. Our responsibilitie5 and the responsibilities of the tIU5tees With iespect to going concern are described in the relevont sections ol this report. Olher Inlormatlon The trvstee5 are responslble lor the other inloimotion. The other information comprises the inlormollon included n the Annual Report. other Ihon Ihe financial slatements and our Report ol the Independent Auditors theieon. Our opinion on the finoncial slalemenls does not cover the olher information ond, except to the exlenl othefWi5e explicitly stated in our repoil. we do not express any form ol ossuiance conclusion thereon. In connecllon wilh our oudil ol the finonciol stalemenls. our responsibility 15 to read the olhei infoimalion and. in doing 50. consider whether the olhei inloimalion 15 materiolly inconsi51enl wilh the finonciol stoternent5 or our knO¥edge obtoined in the audit 01 otherwise appear5 to be materially rnisstaled. 11 we identify such moterlal inconsistencies or opporent moteriol misstotemenls, we ore required to determine whelhei Ihls gives rise ID a material misstatement in the Ilnonciol stotemenls theMsee$. 11. b05ed on the woTk we have performed. we conclude that there is o materiol Mlsstotement ol Ihls other informotion, we ore required to report that fact. We have nolhing lo repoil in thls iegoid. Matters on whlch we are requlled to report by exceptlon We have nothing to ieporl in respect ol the following mallers where the Chorilies (Account5 and Report51 Regulotions 2008 requires v5 to report to you if. in our opinion.. the inlormolion given in the Report of the Truslees 15 inconsislent in any moteriol respecl the linanclal stotements., or sullicienl occounting record5 hove not been kept., or the finonciol 51olemen15 are noi In ogreemenl with the accounting records ond ielurns.. or we hove not received oll the information and explonotions we require for our oudll. Poge 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KASHMIR ORPHAN RELIEF TRUST Rtsponslbllllles ol truslees As exploined mole fully in the Statement of Trustees. Responsibilities. the ttV5tees are responslble for the pieparotion of the linonciol statements which give a true ond loir view. and loi such inteinal control os the trvslees deleimine 15 necessary to enoble the preparotion ol financial 5totements that ore flee from material mi5Stotemenl. whether Isue to fraud or error. In preporing the financial stotemenls. the tru5tee5 ore iespon5ible for a5sesslng the charity'5 obilily lo conlinve as a going concein, disclosing. 05 opplicable, matters related lo going concern and using the going concern basis of occounting unle55 the trust&es either intend to liquidate the charily or to ceose opeiolions, or have no realistic alternative but to do so. Our re$ponslblllttes for the audlt ol Ihe ffnunclal stotemeb)ts We hove been oppoinled 05 oudit015 under section 144 of the Charities Acl 2011 and report in occordance th the Act and relevont regulations mode or having effect thereunder. Our objective5 ale to obtain reoson(5ble ossurance about whether the financial stotemenls 05 a whol& ore free from materiol misstatement. whelher due lo fraud or error. and to i55ue a Reporl of the Independent Audit015 thot includes our opinion. Reosonable assurance is a high level of ossurance. but 15 not a guarantee thot on ovdil conducted in accordance wlh ISAS IUKI wll oTrway5 detect o moterial mis5talemenl when it exists. Misstatements con ori5e from fraud or error ond (sie considered material if, individually or in the aggregate, they could reasonobly be expected to inflvence the economic deci5ion5 01 usefs loken on the b0515 of these financial 5totements. The extent to which our procedure5 are capable ol detecting irregulorilie5. including fraud is detalled below.. We obtoined underst0ndng ol the legal ond regulatory frameworks that are applicoble to the charlty and determined Ihot the most slgnificonl fromewoik5 which are directly ielevont 50 specific asseilion5 In the linonciol statements are those thol relote to the reporting framework IUK GAAP and the Componies Act 20061 and the ielevant tox compliance regulalion5 in the UK. We understood how the chority is complying wth those Iromewoiks by moking enquiries ol monagement und those responsible for legol ond compliance procedures. We cotroboroted our enquiiie5 through review ol boord minutes ond discussions with those chorged with governonce. We a55e55 the svsceplibilily ol the chorivs financial stotements to maleriol mi551atement, including how Iroud might occur. by discussion with monagement from voriovs pails of the bu5ine5s lo understand where they considered theie was a susceplibilily to fraud. We considered the piocedures and controls that the chorily has estobli5hed to prevent ond detect froud. and how these ole monitored by managemenl, ond also any enhonced risk lact015 such 05 performance toigets. Bosed on our understanding. we designed our oudit procedures lo identify any non-complionce 1th laws ond regulotions idenlified in the poragraphs above. We olso performed oudit work over the risk ol manogement override ol controls, including testing ol journol entrie5 and other odjuslmenls loi appropriateness, evaluoting the business rotionale ol signilicont tran5QCtions outside the normol course of busine55 ond reviewing occounting eslimoles lor bios. A further description ol our responsibilities for the oudit of the financial stotemenls is locoted on Ihe Financial Reporting Council's website ol www.fvc.org.uklauditorsresponsibilitl95. This description foim5 part of our Report ol the Independent Auditors. Pagell
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF KASHMIR ORPHAN RELIEF TRUST Use of our report This report is made 501ely to the charitV5 trustees. 05 a body. in accordance wlth Part 4 of the Charities (Accounts ond Report51 Regulations 2008. Our audil work ha5 been undertaken so Ihol we might Stote to Ihe chority's truslees those motters we ore required to state to them in an auditors, report ond lor no other purpose. To Ihe fullest extenl permitted by law. we do not occept or ossum? responsibility to anyone other thon the chaaty and the choiity's trustees os o bocty. lor our audit work. lor this report, or for Ihe opinions we have formed. TC Group 31 High View Close Homillon Office Pork Leicester Leice5ter5hire LE4 9LJ Date.. 29 August 2024 Page 12
KASHMIR ORPHAN RELIEF TRUST STATEMENT OF FINANCIAL ACTIVITIES Fov The Yeor Ended 31 October 2023 2023 Totol funds 2022 Total funds Unreslricled fund Restricted funds Note5 INCOME AND ENDOWIAENTS FROM Donations and legocies 3,748,704 50.738 3.799.442 4,353,780 Investment income 3,604 3.604 4,300 Totul 3,752.308 50.738 3,803.046 4,358,080 EXPENDIYUXE ON Raising funds 411.387 411,387 505.687 Charltable acttvltles Donotions poid lo benellclarfes 3.284.845 500,000 3,784.845 2,940,421 other 7.310 Total 3.707.442 500.000 4.207.442 3,453,418 NET INCOMEI(EXPENDITURE) Transfers belween lunds 44.866 1555.8761 1449.2621 555,876 1404,3961 904,662 Net movement In funds 106.614 1404.3961 904,662 RECONCIIIATION OF FUNDS Total funds brought forword 3.090.628 3,090,628 2,185,966 TOTAL FUNDS CARRIED FORWARD 2.579.618 106.614 2.686.232 3,090,628 The note5 form part ol these flnoncial stotement5 Poge 13
KASHMIR ORPHAN RELIEF TRUST BALANCE SHEEI 31 October 2023 2023 2022 Notes FIXED ASSETS Tongible assets 15,277 CURRENT ASSETS Debtors Cash al bonk 2.679,069 3.095,202 2,680.226 3,095,202 CREDITORS Amounts falling due within one year 19,2711 117.6851 NET CURRENT ASSETS 2,670,955 3,077,517 TOTAL ASSETS LESS CURRENT LIABILIIIES 2,686.232 3,090,628 NET ASSETS 2,686.232 3.090,628 FUNDS Unreslricled funds Re5tricled funds 2.579.618 106.614 3.090.628 TOIAL FUNDS 2.686.232 3.090.628 The finon lol stotements were approved by Ihe 8oord of Trustees ond aulhorised lor issue on ond were signed on its behalf by.. MrMAkh Trustee The noles fotm port of these financial statements Page 14
KASHMIR ORPHAN RELIEF TRUST CASH FLOW STATEklENT For The Yeur Ended 31 October 2023 023 2022 Note5 Cash flows from operamng ocllvttles Cosh generated from opeiotions 1413,5631 901.985 Net Cosh (used inllprovided by operating octivilies 1413,5631 901.985 Ca$h Ilow$ from Inveslln9 acllvllles Purchase of tongible fixed osset5 Interest received 16.1741 3.604 12891 4.300 Net cash (used inllprovided by Investing acliville5 12.5701 4,011 Change In cash und cash equlvalenl$ In Ihe reportlng perlod Cash ond cash equfvalent$ ul Ihe beglnnlng of the reportlng perlod 905,996 3,095.202 .189,206 Cash and cash equlvkileb)ts at the end of the teportln9 perlod 2,679.069 3,095,202 The notes form port of these linoncial stotements Page 15
KASHMIR ORPHAN RELIEF TRUST NOTES TO THE CASH FLOW STATEMENT For The Year Ended 31 October 2023 RECONCILIATION OF NET IEXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net (expendlture)Ilncome lor the reporflng perlod las perthe Slutement of Flnunclal Acllvltles) Adlvstments foF- Depreciotion chaiges Interest received Increose in deblors Decreose in creditor5 1404.3961 904.662 4.008 13.6041 3,473 14.3001 18,4141 11.8501 Net eash (used In)/provlded by operatlons 1413,5631 901.985 ANALYSIS OF CHANGES IN NET FUNDS At 1.11.22 Cash flow At31.10.23 Net cush Cash al bonk ond in hand 3.095.202 1416,1331 2,679,069 3,095,202 2.679.069 Tolal 3.095.202 1416,1331 2,679,069 The notes forrn port of thege financiol 5totements Page 16
KASHMIR ORPHAN RELIEF TRUST NOTES TO THE FINANCIAL STATEMENTS Fow The Year Ended 31 Octobei 2023 ACCOUNTING POLICIES Basls ol preparlng the Ilnanclal statements The financial statements ol the chority, which is a public benefit entlly under FRS 102. hove been prepared in accordonce with the Chorilies SORP IFRS 1021 'Accounting ond Reporting by Chorities.. Slolemenl ol Recommended Proclice opplicoble lo charities preparing their accounts in accordance with the Financiol Reporting Stondord opplicable in the UK and Republic of Irelond IFRS 1021 (effective l Jonuory 20191,. Financiol Reporting Stondaid 102 'The Finonciol Reporting Stondard applicable in the UK and Republic of Ireland. and the Chorities Act 2011. The linonciol 5totements hove been prepared under the historical cost convention. Income All income 15 recognised in the Statement ol FlnoncS0l Actlvitiei once the charity has entimemenl to the funds, it Is pioboble thal Ihe income will be ieceived ond Ihe omounl can be measured reliobly. Donation5 are reco9nised when the charity has been notlfled in writing of both the amount and settlement dole. In the event Ihot o donation 15 subject to condition5 that require o level of perlormonce by the chaiily before Ihe charity 15 entitled to the lunds, the income is deferred and not iecognised until either Ih05e conditions are fulw met, or the fvlfilmenl ol those condilions is Whol within the control of the chaiify ond it is proboble thol these conditions will be fulfilled in the reporting pe0d. Our l 00% Donation Policy en5uie5 that every penny donoted by our svpporlers goes direclly lo our horitoble projects ond cou5ss, wilhoul ony deductions loi adminislrative or opeTalional c05t5. Expendlture Liobilities ore recognised 05 expendilure as soon as there is a legol 01 constiuctive obligation commilting the choiity to thot expenditure. it 15 proboble thol o tronsler of economic benefits will be iequired in Settlement and the amovnt of Ihe obligotion can be Measured reliably. Expenditure is occounled loi on an accruols basis and ho5 been clos5ified under heading5 that aggiegote all cost related to the colegory. Where costs cannot be diiectly attiibuted to pailiculai heodings they have been allocated to activitie5 on a ba515 consistent W4th the use ol resources. Giants ollered subject lo conditions which have not been met ot Ihe yeor end date ole noted as a commitment but not accrued a5 expenditure. Ra151ng lund$ Roising funds include5 oll expenditure incurred by the chorily lo raise ILJnds lor ils charitable purposes ond includes costs 01 oll fundraising activllles. event5 and non-choiitoble Irading. Chorllable acllvllles Choritoble expenditvie comprises those costs incurred by the charity in the delivery of ils activities and services lor ils beneficiories. It includes both cosls Ihot can be allocated directly lo such aclivilies and those costi of indirect nature necessory to 5UPPOrt them. Governance costs These include the costs allribulable to the charlly's complionce wlth constilulional and stotulory requirements, inclvding ovdit, 5tiotegic monogemenl ond tIU5tees' m8etings ond reimbursed expen5e5. Tonglble flxed 055ets Depreciotion is provided ot the following onnuol rotes in order to write off each a5sel ovei its estimated useful life. Fixlures ond I111ng$ Motor vehicles Office equipment 20% on iodvcing bolonce 20% on reducing balonce 25% on reducing bolonce Toxatlon The charity Is exempl from lax on ils charitoble activllles. Poge 17 continued...
KASHMIR ORPHAN ReiiEF TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued Fol The Year Ended 31 October 2023 ACCOUNTING POLICIES . contlnued Fvnd o¢counllng Unrestrlcted funds con be used in accordonc8 with the choritable objectlves at Ihe discretion of the tru5tÈes. Reslricled funds con On be used for particular re51ricted purp05e5 Wthin Ihe object5 of the chorlty. Restrictions orise when specified by the donor or when funds ore roi5&d for particulai restricted purposes. Further explanation ol the nature and purpose ol eoch fund Ss Included In the notes to the financial 5totement5. Pensk*n costs und other post-rellrement benefA5 The chority operotes o defined contribvtion pension scheme. Contributions payable to the charitys pension scheme are chorged to the Statement ol Flnonelal Activities in Ihe period to which they relate. DONATIONS AND IEGACIES 2023 2022 Donotions Gift old 3.536.391 263.051 4.090.222 263.558 3.799.442 4,353,780 INVESTMENT INCOME 2023 2022 Deposit account interest 3,604 4,300 RAISING FUNDS Rulslng donallons und legacles 2023 2022 stall cost5 Rent. service chaige5 and rotes Insuionce Telephone Postage and slolionery Sundrie5 Subscriptions Fundi0i5ing event costs Advert15ing TV channels and radio appeol cos15 Trave11ing and sub51slence Bank and credit cord chorges Service charges Depreciation 103,038 11.384 148 914 9.115 187 1,839 153.341 24.340 50.289 31.747 16.195 4.842 4,008 102,373 10.437 792 15,605 420 1,746 233.309 17.648 61.794 33.251 19.421 4.240 3.473 411,387 505.687 Page 18 continued...
KASHMIR ORPHAN RELIEF TRUST NOIES TO THE FINANCIAL STATEMENTS . contlnued For The Yeor Ended 31 October 2023 CHARITABie ACTIVITIES COSTS Granl funding ol activitie5 (see note Donotions paid to ben6ficioiles 3,784.845 GRANTS PAYABLE 2023 2022 Donotions paid to beneficiaries 3.784,845 2,940,421 The lotol grant5 poid to institutions durlng Ihe yeoi wo5 as follows.. 2023 2022 Donotions 3,784.845 2,940.421 SUPPORT COSTS Govemanc cosls Olher resouices expended TRUSTEES, REMUNERATION AND BENEFITS Theie were no Iru5tees' remuneration or olher benellls for the yeor endsd 31 October 2023 nor for the yeor ended 31 October 2022. Tvu51ee5' expense$ Tru5tee5' expense5 poid were £24.372 for the year ended 31 Octobei 2023 ond £25,815 lor Ihe ygar ended 31 October 2022. The mojority of this expense is for the Iiavel costs lor the Chairmon who is 0150 the ocling projectr monoger ot KORT AJK. STAFF COSTS 2023 2022 Wage5 (Jnd salaries other pension costs 102,025 1.013 101,572 801 103,038 102,373 The overoge monthly number ol employees during Ihe yeor wos os lollow5'. 2023 2022 stoff No employees received emoluments in excess of £60,000. Poge 19 continued...
KASHPAIR ORPHAN RELIEF TRUST NOTES TO THE FINANCIAL STATEMENTS . conllnued For The Year Ended 31 October 2023 10. COMPARATIVES FOR THE STATEhlENT OF FINANCIAL ACTIVITIES Unrestricted fund Reslrlcted funds Tolol funds INCOME AND ENDOWMENTS FROM Donations and legocles 4.347.643 6,137 4.353,780 Investment Income 4.300 4.300 Totol 4.351.943 6.137 4.358,080 EXPENDITURE ON Ro15ing funds 505,687 505,687 Charflable actfvlll•i Donallons pald to bonellclorlas 2.927,134 13,287 2.940,421 other 7,310 7,310 Total 3,440.131 13,287 3,453.418 NET INCOMEI{EXPENDITVREI 17,1501 904.662 RECONCIIIATION OF FUNDS Tolol funds brovghl fOord 2,178.816 7,150 2.185.966 TOTAL FUNDS CARRIED FORWARD 3,090,628 3,090.628 TANGI8IE FIXED ASSETS Flxlures ond Motor vehlcles 011Sce equlpmenl Tota15 COST Al l Nov8mber 2022 Addlllon5 2,129 5.508 25,100 13,553 666 40.782 6.174 At 31 Oclober 2023 7,637 25,100 14,219 46.956 DEPRECIAIION Al l November 2022 Chorge for yoar 1.644 14,819 2,056 11,208 753 27.671 4.008 At 31 Octobei 20?3 2,843 16,875 31.679 NET BOOK VAIUE At 31 October 2023 4.794 8.225 2,258 15.277 Al 31 October 2022 485 10.281 ?,345 Poge 20 continued...
KASHMIR ORPHAN REIIEF TRUST NOTES TO THE FINANCIAL STATEMÉNTS . contlnved For The Yeoi Ended 31 October 2023 12. tJEBTORS.' AMOUNTS FALLING DVE WITHIN ONE YEAR 2023 2022 Prepayments 1.157 13. CREDITORS: AMOUMtS FALLING DVE WITHIN ONE YEAR 2023 2022 Social security and other taxes Olhei creditors Acciued expenses 746 9.889 7.050 271 9,000 9.271 17,685 14. ANALYSIS OF NET ASSET5 BETWEEN FUNDS 2023 Total fund5 2022 Tolol lund5 Unreslricled fund Restiicted funds Fixed ossels Current 055et5 Curient liobililies 15.277 2.573.612 15.277 2,680,226 19.2711 106.614 3.095.202 117,6851 2.579.618 106.614 2.686.232 3.090.628 Is. MOVEMENT IN FUNDS Net movernenl in funds Transfers between fund5 At Al 31.10.23 Unrestrlcled lunds Generol fund 3,090,628 44.866 1555.8761 2.579,618 Restrlcted funds Reslricted Mosque Fund Restricted H05Pltal Fund 5,194 1454.4561 5.194 101.420 555.876 1449.2621 555.876 106,614 TOTAL FVNDS 3,090.628 1404.3961 2,686,232 Pog& 21 continued...
KASHMIR ORPHAN RELIEF TRUST NOTES TO THE FINANCIAI STATEMENTS - contlnved For The Yeov Ended 31 Oclobei 2023 Is. MOVEMENT IN FVNDS . conllnued Nel movem8nl In funds, Included in the above are as follows.. Incoming resources Resources expended Movement In fvnds Unrèltrleted Ivnds General lund 3,752,308 13.707.442) 44.866 Restrlcted lunds Reslricled Mosque Fvnd Reslrlcled Hospltol Fund 5.194 45.544 5,194 1454,4561 1500.0001 50,738 1500.0001 1449,2621 TOIAL FUNDS 3.803.046 14.207.442) 1404.3961 Compgrolfvei l(>r mov•menl In lundi Nel movemenl In lund5 Al Al 31.lQ.22 Unre5tr1cled lund$ General Ivnd 2,178,816 911,812 3.090,628 Rethlcled lunds Restrlcled Mosque Fund 7.150 TOTAL FUN05 2.185.966 904.662 3,090,62e Compoiotive nel movement in lund5. Includgd In the obove are as lollow5'. Incoming rtrsources Re50urce5 expended Movemonl In funds Unr•strlct•d lund$ General fund 4.351,943 13,440,131) Reslrl¢l•d Ivnd$ R85trlcled Mosque Fund 6,137 113.2871 17,1501 IOTAL FVNDS 4,358,080 13.453.418) 904.662 The reslricled Mosque funds represent donations ond amounts given lo the chorify whlch have been given on the bo515 they will be used speclllcoly towoids the mointenonce and runnlng c051s ol the mosque building. The ie5tricted H05pilol reserve funds repiesenl donatlons ond omounts given to the charlly whlch have been given on the basi5 they will be used 5pecilicoly towards the build ol the hospitol project. Page 22 conllnued...
KASHMIR ORPHAN RELIEF TRUST NOTES TO THE FINANCIAI STATEMENTS - contlnued For The Yeor Ended 31 October 2023 RELATED PARTY DISCIOSVRES TransQCtlons wllh Trujtees Trvstee5' expenses Donations Irom Trustees, 2023 2022 24.372 25,745 Poge 23
KASHMIR ORPHAN RELIEF TRUST DETAIIED STATEMENT OF FINANCIAL ACTIVITIES Fov The Yeur Ended 31 October 2023 2023 2022 INCOME AND ENDOWMENTS Donallons gnd leoacles Donations Gill old 3.536.391 263,051 4,090.222 263.558 3.799,442 4,353,780 Investment Income Deposlt occount Interest 3,604 4.300 Tolal Incomlng r•sourc•i 3.803,046 4,358,080 EXPENDITURE Ralslng donatlons und legacles Wages Pensions Rent, 5erv5ce charge5 ond role5 1nsurance Telephone Postoge and slotlonery Svndries Subscrlptlons Fundralslng event Cogls Adveilislng TV chonnels ond rodlo app801 costs Travelllng ond svb5islence Bank and credll card charges Service choiges Depieciollon ol Ilxlure5 ond Illling5 Depieclolion ol moloi vehicles Depreclalion of office equSpmenl 102.025 1,013 11,384 148 914 101.572 801 10.437 792 15.665 420 1,746 233,309 17,648 61.794 33,251 19,421 4.240 187 1,839 153,341 24.340 50,289 31,747 16,195 4.842 1.199 2,056 753 2,570 782 411,387 505.687 Chailfvbl• acllvWle5 Giants to in51itutions 3.784,845 2,940,421 Svpport C05ti Governane• co Aud11or5' remuneration Accountoncy lee5 8,100 5,040 2.270 7,310 Totol resources expended 4.207.442 3.453.418 Net lexpendllvvelllncome 1404,3961 904.662 Thls page does not form port of the slolulory linanciol statements Poge 24