KUSUMA TRUST UK (A company limited by guarantee and not having a share capital) ACCOUNTS FOR THE YEAR to 31 December 2022 Registered in England Companies House Registrntion No. 06753811 Charities Commission Registration No. 1126983 KUSUMA TRUST UK CONTENTS Page Trustees ReporL including Directors Report Independent Audltors Report Annual Accounts Statement of Financial Activities Balance Sheet 19 Statement of Cash Flows 20 Notes to the a￿O￿nts 21 - - - as we understand more about the challenges and complexities of these regions. - - - are working with local communitie5 to advance health and well-being as well as promoting access to opportunities for individua15 from all walk5 of lrfe. We do not accept unsolicited applications. Our team of Trustees and staff find opportunities to fund partners through various networks. event partycipation. recommendations from advisors and specific open calls. Our grnnts may cover programme costs. equipmenL infrastwcwre. research. and Studies in areas of strntegit priority. For larger grdnts we prefer to ￿ve fflatched funding. In each of our geographic areas, our policy is co collabornte with grantees and partners to develop proposals that align with our strategic priorities. We assess prospective gran￿e$. status. capacity and expertise before we award a grant Grants are followed up over the duration of our funding through phone ca115 and visits by sr2ff as deemed nece55ary. We work with partner5 to define the results we Fhjpe to achieve and agree key milestone5 to rneasure progress and outcomes. In some cases, we commission independeni agencies Eo evaluate our wor Information from these evaluations is used to infomi further funding. influence policy. and promote adoption of our work by other donors and implementers. We share the results of our work reflect on lessons learned and make changes based on lessons and evidence. 2022 was a rewarding year for the trust as we signed off on our largesr roul charitable spend in any year ro date. We embarked on a new 'open call. for hospitals in London giving matched gran￿ for capital projecu and equipmenL Through this process we have awarded grants to purchase specialised microscopes. cath lab equipment as well as basic ultrasound machines and more. Our programme5 continued ¢0 provide opportunitie5 for young people to engage in rewarding self- development programmes through local youch centres. as well as reputed organisacions like The Royal Insutution through their Science in Schools progrdmm& The National Gallery s Articulaiion competiuon, and the London Transport Museum's Inswre Enyneering Careers programme to name a few. We have chi5 year partnered with Trees For Cities to support healthy playgrounds in London schools, Thames21 for their Rewilding che Rom projecL and ¢he Garden Cla55room for a 'Very Urban Forest School, progrdmme. The Urban Nature projeci brinwng a biodiverse educational green space. is well underway at the Natural Hiscory Museum and Rordl Parks continue co engage local school scudents with practical science activities in their parks through the Green Futures Programmes. We are delighted co share some of the success s¢orie5 of our partners chis year.. Trees for Cities was awarded the Community Tree Award at the London Tree and Woodland award5, The ECMO teams at Roy31 Brornpton and Harefield have been reco8nised as Centres of Excellence by the Extracorporeal Life Support Organisation IELSOI, and The Homiman Museum and Gardens were the winners of Art Fund's 'Museum of the Year, prize. Transform Schools continues to improve the qualiry of education in India for more than 6 million secondary School children. In Gibralur we convnued to support education. profe55ional developmenL and community led programmes. In 2022, we awarded 88 new grdnts totalling over £6.7 million. The projetts funded in the year to 31 December 2022 are oudined below. UK PROGRAMMES Access to Opportunltles and Educatlon We focus our funding on improving access to those who have limited opportunities available to them. Our funding aims to provide life-enhancing opportunities through SUPFX)rting charities working in the special educational needs sector and informai learning spaces. including museums and communiry centres. Grantee A New DirettvJn Amourt 44.150 Start Date 25101ll022 End date 31103f2013 London5 Cukutal knba55adLY5 Wed Am￿trouS AbouiAuti5m £48.354 2410Y1012 3W09n024 Avenue5 Youth Projert tthen Skils Pr¢4ect & knithen ReknrbthrnE￿t 115.rtsj oithn021 15101n023 Avenues Youth F￿je¢r Friday SeThw5 U5.(th) IY09n022 iyion023 Brivsh 06r1022 IY08ll022 Brldsh bbrary Cambridge House A￿a￿der the Great The Mak￿#￿13 Myth SEN#tiL*I sP￿ts 2Y0712022 1510112023 n.911 2511012021 31108n022 Caxton Youth OrKdn153tsan mini￿￿5 Le￿ & Diwd Medii Fyoiect 112.707 17105noii 1511111022 Chance to 5hino Fgundauw Lrd ChancÈ ￿ &ino Streei Cxicknr L]3.6t¥J iyion021 Iwiin021 Chefs hi Sthwls Tr3nsfcThing&hcd Food F￿￿￿rnrnt 01109n021 0111112022 Chess In Schodsand 'Chess Fest. ou￿0￿ thets lesli￿￿1 ￿ 17ILty 2022 andTtxhers' Forum and CPD prqe¢t 25.CO) 0110612022 15108n022 Chlldrtsls 0￿£0¥*ry Centre £25.M) 110912021 Construction Industry Trustfar Youth a￿11￿￿ FuturEs ￿ thE Tri-Ba £15.rth) ithn021 31103n013 Create Art% £49.5¢4• iyionoii 16101tt023 Crtati¥e Fuwres My sound STry 15101tt023 Des1￿ Museum Doorsrap Ubrary Equal Pell￿¢ Wasfe Aee Fan*Trril Dooryiep Read* pr4eus 10109r2021 07103n022 OIIIOll022 30109n023 io.rthj Iioin021 15106n022 Founden45chordJ 1012 CareersPrn evim 15.rthj iThn012 Foundlln8 Muswm Fuiure Fronuers CwTrted exhknrw ￿ the therne d'Faffd £41.5Tr) 0711 In012 271C6n023 To SLVPWt4(K) 5vjd￿ Irom LOnth￿ ro undervake the firsi year ol the ne*2 Fuwe FmTrtien 5106rio22 3110112025 Gr••npowor EdUCats￿ Truit ExpanLlry P4rticipalion ￿ Londan 14.J04 15mYIOiI 15108n021 Hamm•nmith & Fulkn Yovth ZonR Harnrnvynith & FulFArn's Ywth 1150.( Iiion012 30109n023 Helen Arkdl Dyslex4 Chadry Imperial War Museum FAST.. FarNlies and Sthoc15 Topther DOcurn￿rary Chalknle woyarnrne £12.722 12103llQ21 151(W2021 1109ll021 31103n023 InioUniYtriS lnE¢Wn￿e￿$Irf1 Core Costs Litdt Vih8* Core Ctssts Inwrt Enyneeriry &rEer* oiiion022 30109n023 ttle Vill oiiion022 30109n023 London Trlnsport Muieum knmited 36.S36 0111 In021 I sioir1023 Miyor¥ Fvnd for London A¥Av3QW'sexFArtTiw inwitl•J5¢ 10 n•w 1112noii 1￿cl￿oI) Migranis Organise Ltd Mind the Gap Mwat1￿ Muse￿1 EthjcatK￿ Pwamme 1S.CO) 28102Q023 Migrttion Museum 45.9 OY09n022 2011Zry023 Mu5tum afBr4nth ReConne£t￿% le¥￿￿5 With Culwre cio.rDJ 01104n012 31103n023 Museum alLondon MYsw￿ iThn012 I ￿01n023 MyBnk (19.79) Qlm9no21 311cfjn022 MyBnk IYIY1023 Naiional Autistic Soci f*Jides pr4e£t 21.101 0110512022 15105n023 NaiiDn31 GdllEry Arn¢uhDon £126.LkK) 1104ll022 31103ll023 Nauonal Maritsme MuJeurn Prothctson of re￿￿CeS and IESWn pkn5 114.730 0110gnoii 01109n022 New Horizon Youth ContrÈ Ltd Nvw Honlon Youth Core Costs oiiion022 30109n023 Nova N¢w OppMuni¢ 01.112 Im4n022 31101n023 Fbo{¢￿ph¥S G￿1￿¥ Tew Tours £9.9C 09106r2021 3110312023 Amount Start Date 05109n012 ErHI date i¥ion023 ROY￿ Acadw ofDance RAD. A New H￿nEfOr Dan ROY￿ A5MKi3tson for Deaf people DeafYgy 2nd Medicine Donation5 Healing the HpJrt11 114.ClJO oiminoio 31110n012 Im￿rI￿ CdlegÈ ol Saencè TethrhDk)gyand Medichie Purth1￿ and of311 th¢ equyrnenifry the 1171163 05102n020 IYO&?022 Grantee Projert Start date End date Ki￿$ C¢lW HOSPI￿ Chanry £io.th) 1310612022 13107n023 Kingsron Hoswtal NHS F¢L￿dId Trust General Chiritable F￿d EX￿)￿￿$ the REU &atfrnfiotr the paedathc unit at How 1711012022 31107r2024 Moorfields Eye Charity Moorfdd5 Eye Chanty- TrIUNOER In £41.￿0 2uogn012 15101n014 se. Wesl Hertfordshire Ho¥ira c￿￿tY R3i5e. Wesl Hertforlthre Howtak Ory" Inwr¥eThuoThal radh￿￿'S￿r 5gnrw' £159MDJ 01109n012 28103n024 RDyal br¢mpwn and Harefield NHS Foundarbn Trusi Pauent Mts)ffors Irealkncaty)Th ¢lE￿$} Éi(ow) 17101Q020 15101ll022 RDyal brompwn and H*efield NHS FoundatvJn Trust Cath Lab Equwent £250h67 0911212021 Iwi In022 ss.lthn and EIITabEth C￿rilY £97.651 30109n014 St john Ambuhnce Purdw and eYJi￿1￿8IOur Njd Unifs £140.140 15101n012 I￿12n013 UCLH Way BL¥ldryaThd ￿ Part￿ the Cdl Tran¥4ant lthi[ 1010512022 21103n023 Utdvtrslty olC3rnbrbdzt Healry th¢ heart £lth).OfpJ 11112n020 3010&Q022 Community and Green Spaces We focu5 Our W'ving on green space projects ¢ha¢ improve ¢he environment and air qualiry in London to make our City more attra¢tive for those who live, work and visit. The spa¢es we suppork often in built_ up urban areas, have the bonus of bringing together communities and having a positive impacr on mental healrh and wellbeing and improving the environmeni. End date Opkni Trw¢ <17.783 011￿￿011 31103n012 u* Garde ComF4ny 12.070 0110912021 31103n023 he Gwden Ckwoorn 'AVery UrbaD Fore51Sth 18.595 IWO&Q022 IY09ll024 he Horn￿ Mus¢um and GardETr3 Mirrtrforest Sthool fvacuwner and En¥YcAvnw*T CF•Dpkn5 Alot Pr4eci 119.305 oiio&ooii 3wI In022 he Orchard Prdect Blo$wi￿ S(hoc4 CkF4rd5 14.050 Jwi Inoio 31103ll022 hB Orch3rd Prdtr Cititx LOrt￿ Healthy knytroL¥ £ith).oth) 0711 In022 31112n025 auxhall Ciry Farm De￿o￿r¢ Fam) £98. 0110812021 15108n024 alworth Girden Trakniry Proya Olm9llOiI 31107n022 Ildfowl and Wetknds Tnut Wetknd ¥hl3tchibg £￿.0)0 3110&Q012 Random Acts of Kindness For the fifth consecutive year. staff and Trustres were wven the opportunity to anonymou51y award one- off donations of up to £10,((KJ each to not-for-profit organi5ations that they feel pa55ionate about. This allows us to give unrestricted grnnts to chariiies that mI￿E not nomially fbt into our wider strategy. Grantee Proiert Mo￿nt Start date End date Alzheirner s Research UK R3ndorn Kindness 10.r 31112n022 Bite Back 2030 Limrted Randotn A(t of KindnE55 10.L 31112Q012 Grantee Project unt stsrt date End da Bow FoDthnk Random Af that Snformation. y order of the Board Anurng Dlkshlt (Dlrector) Dated........ ............. ..................2023 14 Independent Auditorfs Report for the year to 31 December 2022 Opinion We have audited the financiai statervbents of Kusuma Trust UK (the 'charitable company'l for the year ended 31 December 2022 which comprise the Statement of financial activitie5, balance 5heec, statement of cashflows and notes to the financial s(atemenu. including a summary of significtsnt accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financi￿ Reporting S￿ndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice In our opinion. the financial statements.. give a true and fair view of the state of the charitable company s affairs as at 31 December 2022 and of its incoming resources and application ol resources for the year then ended: have been properly prepared in accordance with Uni*d Kingdom Generally Accepted Accounting Prdcrice., and have been prepared in accordance with the requirements of the Companies Att 2006. Basls ft*r oplnlon We cOnduc￿d our audir In accordance with Internauonal Standards on Auditing IUKI IISAS {UK)) and applicable law. Our responsibiliiies under those srandards are fvrther described in the Audiior's responsibilities for the audit of the financial statements secrion of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial scatements in the UK. including the FRC'5 Ethical S¢andard. and we have fvlfilled our other ethical re5pon5ibilicie5 in accordance wich chese requirements. We believe that the audi¢ evidence we have obtained is SLrfficient and ¥*propriate 10 provide a basis for our opinion. Conclusions relating to golng concern In auditing the finan¢ial statements. wt have ¢on¢lud¢d that the ¢rus¢ee's use of the going ¢on¢ern basis of accouncing in the preparntion of rhe financial sratements is appropriate. Based on the work we have perforn)ed. we have not identified any material uncertainties relating to events or conditions thaL individually or collectively. may cast signrficant doubt on the charitable company s ability to continue as a going concern for a period of at least ￿e1Ve month5 from when the financial stacemen¢s are authori5ed for i55ue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Information The other infom)ation comprises the infom)auon itKluded in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other inforniation and. except to the extent otherwise explicitty stated in our reporL we do not express any forn) of assurance conclusion thereon. 15 In connettion with our audit of the financial sratements. our responsibiliry is to read the other information and, in doing 50, consider whether the other information is rrbaterially inconsistent wiih the financial statements or our knowledge obtained in the audit or otherwise appears £0 be marerially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other inft)rmation. If. based on the work we have perfomied. we conclude that there 15 a material misstatement of thi$ other information. we are required to report that hct. We have nothing to reporc in this regrd. Oplnlons on other matters prexrlbed by the Companles Act 2006 In our opinion. based on the work undertaken irb the course of the audit the information given in the trustee5' repor4 which is prepared for the purpose5 of company law. for the financial year for which the financial statements are prepared is consistenr with the financial siatements.. and the ¢rus¢ees' report has been prepared in accordance with applicable le￿1 requirements. Matters on which we are required to report by exception In light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified materd misstatements in the trustees. report. We have nothing to repor¢ in respect of the following matters in relavon to which the Companies A¢t 2006 requires us to report to you rf. in our opinion.. adequate accounting records have not been kep¢ or returns adequate for our audit have not been received from branches not visited by us: or the financial 5ta¢ements are no¢ in agreement with the accounung records and returns- or ¢ercain disclosures of trusws, remunerd¢ion specified by law are nor made- Qr we have not received all the inforn)ation and explanations we require for our audit. Responsibllltles of trustees As explained more fully in the trustees, responsibiliiies Sta￿ment set out on page 13, the Irusiees (who are also directors of the charitable company for the purposes of company law) are responsible for the prepara¢ion of the financial Statements and for being satisfied that they give a twe and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mi55tatemenE whether due to fraud or error. In preparing the financial statements, the tnjstees are responsible for assessing the charitable company's ability to continue as a going concern. disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative but to do 50. Audito￿$ responsibilities for the audit of the financial statements Our objettives are to obtain reasonable assurance abcwt whether the financial statements as a whole are free from material mis5tatemen4 whether due to fraud or error. and to issue an auditor'5 report that includes our opinion. Reasonable a55ur3nce is a high level of 3S5ufdnte. but 15 not a guarantee that an audit 16 condutted in accordance with ISAS (UK) will 21ways detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered material rf, individually or in aggregate, they could reasonably be expecced co influence the economic decisions of users Liken on Ehe basis of these financial sta￿MentS. Irregulirityes. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. oudined above. to detect material fflisscatements in respect of irregularities. including fraud. The extent to which our procedure5 are capable of detecting irregularities. including fraud is detailed below. We gained an understanding of the I￿1 and regulatory framework applicable to the charitable company by considering. amongst other things. the sector, jurisdictions in which it operate5 and give5 its grant funding to, and tonsidered the risk of acts by the charitable company that were contrary to applicable laws and regulations. including fraud. We designed audii procedures ro respond to the assessed level of risk. but recognised that the risk of not detecting a maierial miss[a￿Me￿I due to fraud is higher than the risk of not detecvng one resulting from error. as fraud may involve deliberate concealment by. for example. forgery or intentional misrepresentatyons. or through collusion. We focused on laws and regularions which could wve rise to a material missra￿men[ in the financial statements, including. but not limited to. UK Company Law. UK tax le&slation. UK Charity Law as well a5 UK financial reporting 5¢andards applicable for UK chariuble companies. Our tests included agreeing ¢he financial 51atement di5closure5 ro underlying 5UPPQrting do¢umentation, enquiries with management and enquiries of consultants used for accouniing outsourcing. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by management that represented a risk of material mi55tatemen¢ due to fraud. There are inherent limitations in the audit procedures described above and. the further removed non- compliance with laws and regulations is from the evenrs and tfdnsactions reflecced in the financial statements. the less likely we would become avrdre of IL We did noi idenufy any key audit matters relating to irregularities. including fraud. A further descriptiorb of our re5ponsibili¢ie5 for the audit of the financial stacemencs is located on the Financial Reporting Council'5 website al www.frc.or&uklaudi¢or5re5ponsibilicie5. This description forrns part of our auditor's reporL Use of our report This report is made solety to che charitable comp3ny's members. as a body. in accordante with Chapter 3 of Part 16 of the Companies Act 2C#)6. Our audit work has been undertaken so that we might state to the tharitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fvllest extent pern)itted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company s members as a body. for our audit worl for thi5 rep)ru or for the ownions we have formed. Steven Wakefield (Senior Statutory Auditor) For and on beh￿f of Dixon Wilson Audi¢ Se￿(¢5 LLP. Staturory Auditor 22 Chincery Lane London WC2A I LS 26 April 2023 Date.. 17 KUSUMA TRUST UK STATEMENT OF FINANCIAL ACTIVITIES (In