Registercd Charity Number 1148133 KDI) I."OIJNDA1"ION TRIJ%TI,"r.s RF.PORI' AND ACCOIJNTS roR TIIE Yr.AR ENDf,D 31 MARCH 2024
KDP FOUNDATION TRUSTEES REPORT AND ACCOIJNTS roR THE YEAR ENDED 31 MARCII 2024 (Registered Charity Number 1148133) CONTENTS Trustees, Report Statement of Trustees, Responsibilities Statement of Financial Activities Balance Sheet Notes to the accounts Independent Examiner's Report
KDP FOIJNDATION TRUS I"EES' REPOR1" FOR THF YF.AR INDF.D 31 MARCI4 2024 ThL IrustLes present Iheir report and the accounts for the yLar cnded 31 March 2024. REFERb.NCE AND ADMINISTRATIVF DETAILS rull namL ofcharity is KDP FOUNDATION Rcgistered Charity number is 1148133 Charity's principal address is: Redhouse Cliff Hall Lane Tamworth Slaffordshire B78 2DR The Irustees who served during the financial year were: Mrs Gecthanjali Ilango (Chairperson) Dr Balasubramaniam Ilango S"I"RUCTURP. GOVERNANCE AND MANAGEMINT KDP fouNDA TION is a not-for-profit organisation with a governing constitutional document. Membership is open to women, men and young people living and working in the area of benefit and who support the interests ot.the charity. Management ofthe affairs of the charity is directed by a management commitlee which meets twice a yLar. The charity may appoint and determinc the appointment of a trustee who is not a member of thc management committee, for the purpose of managing7 the projects for the charily. Trustees are chosen trom persons who have requisite skills in rnanagingy finances and govemmenl.
KDP F"OUNDATION TRIJSTF.r.s' REPORT roR T14E YEAR ENDED 31 MARCH 2024 OBJF.CI IVES AND ACTIVITIES To promote the prevention of, and the allevialion of, sickness and the improvemLnt of hcalth especially diseases relating to the eyes, of the local rural populalion. To treat blindness duL to eye diseases such as cataracts. To also promote education (including social, religious and physical training) of people under the agc of 25 years in India by trying lo establish and maintain educational establishment. To providc relief from educational under-achievement, social and/or economic disadvantage and to ensure wider access lo youth provision and related activities to advance aspirations and raise achievement levels of children of all ages. In particular, to provide opportunities for the aforementioned beneficiaries to participate full)r in the life oftheir communily in ways which address and alleviate social and economic exclusion and disadvantage of all children especially those excluded communitics. THE MAIN ACTIVITIES The charity was established in 2012 and has worked since, towards the preparations required to set up high class health care and education. Due to the Pandemic much of the routine work had to be suspended. The KDP Foundalion has provided financial support for several patients in the village Doddagubbi. The Foundation has also supported charitics like AIR Humanitarian Homes and provided helping hands with Vaccination and supply of food essentials. 12)
KDP FOIJNDATI()N TRUSTEF.S' RLPOR'I" FOR TI4E YI-'AR Fry.NDF.D 31 MARC14 2024 In addition, duringy Ihe lockdown KDP funded home tutoringJ, online ducational activities lor school children from poor households. Further expansions of services are planned for Ihe next year such as: l . To build brand new theatre suite on thL 2. floor - future project 2. Auto-retractor equipmenl purchase still pending. INANCIAL RLVIEW "rhL Statemcnt of financial Activities shows a net deficit of £1 ,434 t.or the yLar and accumulated reserves at 31 March 2024 amount to £-545. The trustces have reviewed the reserves ot.the charity and found them salisfaclory tor thL tinancial year ended 31 March 2025. APPR()VAI. This report was approved by the trustees on signed on its behalf by Mrs GLLthanjali Ilango (Chair) 13)
KDP fouNDATION STAI"IMF.NT OF TRUSTf.ES' RESPONSIBLITIES FOR TFIE YEAR ENDLD 31 MARC14 2024 Trustees are rcquired by charity law to prcpare financial statements for cach financial year ivhich gyives a true and fair view of the slate of affairs of the charity a5 at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to:_ Select suitable accounting policics and then apply them consistently; Make judgements and estimates that are reasonable and prudent. Prepare the financial statements on a going concern basis unless it l inappropriate to presume that the charity will continue in business State whether applicable accounting standards and statcments of recommended practice have been followed. The Irustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position if the charity. They are also responsible for safcguarding the assets of the charity and hcnce taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OF,BOARD Mrs Geethanjali Ilango (Chair) Date.1S-.1.....2c)?f.......... {4}
KDP FOUNDATION S'I'ATEMENT or riNANCIAI. ACTIVITIES FOR THE YEAR F.NDF.D 31 MARCH 2024 Restricted Unrestricted Total Funds Funds 20?4 Total 2023 INCOMING RESOURCES IncomingF resources from Generated funds: Activities for generating funds Incoming resources from Charitable activilies 160,000 160,000 175,000 Total incoming resources 160,000 160,000 175,000 RESOURCES EXPENDED Costs of generating funds: Other cosls Charitable activities 161.434 161,434 178,669 Govemance costs 161,434 161,434 178,669 Nel movement in funds -1,434 -1,434 -3,669 Tolal funds brought forward 889 889 4,558 Total funds carrTed fon¥ard -545 -545 889 (5)
KDP FOUNDATION tIALANCL S14r.r.T OR THE YEAR ENDED 31 MARCH 2024 2024 2023 CURRLNT ASSETS Bank account 205 1.589 LI.:SS: CURRENT I.IABILITIES C reditors and accruals 750 700 889 4,558 REPRf.SF.NTf.i) BY: AC'CUMULATED FUNDS Ilalance b/1" Net l)elicit 889 -1,434 4,558 -3,669 -545 889 Approved by the trustees on thcir behalf by". 15-1-.2L:?Y........ and signed on (Chair) 16)
KDP fouNDATION NOTES TO THE ACCOUNTS FOR TIIE YEAR fNDED 31 MARCH 2024 I. AC'COUNTING POLICIES l. l Basis of preparation of accounts: The financial Statements are prcpared under the purpose scopL and applicalion of SORP FRS 102. SORP 60 slates accounts intending to show a true and fair view must be prLpared on the goinLY concern assumplion. SORP 61 states in meeting the obligation to prepare accounts showing a true and fair vieiv accruals accounts should complv with: (a) Statements of Standard Accounting Practice (SSAPS) (b) Financial Reporting Standards (FRPS) (c) Urgent Issue Task Force abstracts (UITFS) and in addition take note of (d) The interpretation for Public Benefit Entities of the Statement of Principles for Financial Reporting. Accounting Convention The financial StatcmLnts are prepared under the historical cost convention modified to include the revaluation of certain assets. 2. Surplus/ (Deficit) for the financial year 2024 2023 This is stated after crediting: RLvenue 'I'urnover from ordinary activilies (1,434) (3,669) and after charging: Depreciation of owned fixed assets {7)
KDP FOUNDATION NO'fLS TO"1 I IL ACCOUNTS FOR T14E YEAR ENDED 31 MARCP12024 3. Staff Costs and Emoluments 4. CREDITORS FALLING DUE WITHIN ONE YEAR 2024 750 2023 700 Accruals 5. ANAI.YSIS OF TOTAL FUNDS Restricted I,-unds Unrestricted Funds Tolal Funds Tangyible F'ixed Assets Net Current Assets -545 -545 -545 -545
KDP FOUNDATION INDF.PF,NDENT EXAMINI."R'S REPORT FOR T14E YEAR ENDI-"D 31 MARCH 2024 We report on Ihe accounts of KDP Foundation for the ycar cnded 31 March 2023, which are set out on pages 5 to 8. RESPF.CTIVE Rf.SPONSIBILITIES OF TRUSTEES AND EXAMINER Thc charity's trustees are responsible for the preparation of thc accounts and consider that an indepcndcnt examination is required. It is our responsibility to: examine Ihe accounts under section 145 of the 201 l Act to tollow the procedures laid down in Ihe General Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act. and to state whciher particular matters have come to our attention. BASIS OF INDEPENDENT EXAMINER'S REPORT Our examination was carried out in accordance with the General DireLlion 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 inLludes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. I"hc procedures undertaken do not provide all the evidcncc that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts. INDEPENDENT EXAMINER'S REPORT In connection with our examination, no matter has come to our attention: 19)
KDP FOUNDATION INDEpf.NDF.NT EXAMINF_R'S REI)ORT FOR THE YEAR ENDED 31 MARC14 2024 ( l ) which gives us reasonable cause to believe that in any material rcspccts the requirements to keep accounting records in accordancc ivith Seclion 130 of Ihc 201 l Act" and to prepare accounls which accord with the accounting records and comply with the accounting requirements of the 201 l Act have not been met. or (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. YOUNIS BHATTI & CO LTD CHAR'fERED ACCOUNTANTS 93 Broad Street Birmingham B15 IAU Date: I¥_ 01- ZtZ5- {10)