Charity number: 1150109
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V.K. & P.V. Mirpuri Foundation “Drops of Kindness” Trustees' report and financial statements For the year ended 31 December 2024
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2-3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7-10 |
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Legal and administrative information
| Charity number | 1150109 | |
|---|---|---|
| Principal address | Krishna Kripa | |
| 23 Vaughan Avenue | ||
| London | ||
| NW4 4HT | ||
| Trustees | Deepak Mirpuri | Trustee |
| Geetanjali Mirpuri | Trustee | |
| Accountants | Ash & Associates | |
| Chartered Accountants | ||
| First Floor | ||
| 1A Leadenhall Market | ||
| London | ||
| EC3V 1LR | ||
| Principal Bankers | Barclays Bank | |
| 129 Brent Street | ||
| Hendon | ||
| London | ||
| NW4 2DU |
Page 1
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Report of the trustees For the year ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
V.K. & P.V. Mirpuri Foundation is registered with the Charity Commission (Registration number 1150109) and constituted by a trust deed dated 18[th] July 2011 as amended by a deed of variation dated 8[th] December 2012. The charity is run and administered by the trustees. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that the systems are in place to mitigate exposure to the major risks.
Objectives and activities
The objects of the charity are:
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The advancement of Hindu religion
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The advancement of Education
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The relief of poverty, hardship and illness amongst the homeless and needy;
To meet this objective the charity seeks donations from the community along with rents received from the investment property and provides grants and donations to other charities in line with its objects. There have been no changes in the charity's objects or policies during the year.
Financial review
The charity had net incoming resources of £19,855 (2023 - £15,622) resulting in a total funds carried forward at 31[st] December 2024 of £743,384 (2023 - £723,530).
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Page 2
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Report of the trustees For the year ended 31 December 2024
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2015. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
D. Mirpuri Trustee
19 September 2025
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V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Independent examiner's report to the trustees on the unaudited financial statements of V.K. & P.V. Mirpuri Foundation
We report on the accounts of the V.K. & P.V. Mirpuri Foundation for the year ended 31 December 2024 set out on pages 2 to 10.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) does not apply and that an independent examination is needed. It is our responsibility to examine the accounts under section 145 of the Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act, and to state whether particular matters have come to our attention.
Basis of independent examiner's statement
Our examination was carried out in accordance with the General Directions 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 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence 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 statement
In connection with our examination, no matter has come to our attention:
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(i) which gives us reasonable cause to believe that in any material respect the requirements:
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to keep proper accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
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(ii) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
........................................................... Ash & Associates
Chartered Accountants First Floor 1A Leadenhall Market London EC3V 1LR
19 September 2025
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V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Statement of financial activities For the year ended 31 December 2024
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2 Investment income 3 Total income resources RESOURCES EXPENDED Charitable activities 4 Investment management costs 5 Governance costs 6 Total resources expended NET INCOME FOR THE YEAR RECONCILIATION OF FUNDS Total Funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Total £ 3,516 42,836 46,352 24,492 1,266 740 26,498 19,854 707,331 727,185 |
2023 Total £ 3,662 41,650 |
|---|---|---|
| 45,312 27,801 1,169 720 |
||
| 29,690 | ||
| 15,622 691,709 |
||
| 707,331 |
All incoming resources and resources expended arise from continuing activities.
The notes on pages 7 to 10 form part of these financial statements
Page 5
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Balance Sheet as at 31 December 2024
| Notes FIXED ASSETS Investment Property 7 CURRENT ASSETS Debtors 8 Cash at Bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS FUNDS 10 Unrestricted funds Endowment funds TOTAL FUNDS |
2024 £ £ 563,210 1,361 179,533 180,894 (720) 180,174 743,384 208,384 535,000 743,384 |
2023 £ £ 563,210 1,266 159,774 161,040 (720) 160,320 723,530 188,530 535,000 723,530 |
2023 £ £ 563,210 1,266 159,774 161,040 (720) 160,320 723,530 188,530 535,000 723,530 |
|---|---|---|---|
| 723,530 | |||
| 188,530 535,000 |
|||
| 723,530 |
The financial statements were approved by the trustees on 19 September 2025 and signed on its behalf by:
Mr D. Mirpuri Trustee
The notes on pages 7 to 10 form part of these financial statements
Page 6
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Notes to financial statements For the year ended 31 December 2024
1. Accounting policies
1.1 Basis of accounting
The financial statements of the charity, which is a public benefit entity under FRS102 are prepared under the historical cost convention and in accordance with FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS102 and the Charities Act 2011.
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable.
Income from investments is included in the year in which it is receivable.
1.3 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include costs incurred in managing and maintaining the charity’s freehold property.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Investment Property - not provided
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V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Notes to financial statements For the year ended 31 December 2024
| 2. Voluntary income 3. Investment income 4. Costs of charitable activities 5. Investment management expenses Printing, postage & stationery – for investment Legal fees Buildings insurance – for investment property Donations made Events Donations Gift aid Rent receivable from investment property Insurance recharge – investment property Bank interest receivable |
2024 £ 3,516 - 3,516 2024 £ 40,500 - 2,336 42,836 2024 £ 24,492 - 24,492 2024 £ - - 1,266 1,266 |
2023 £ 3,662 - |
|---|---|---|
| 3,662 | ||
| 2023 £ 40,500 - 1,150 |
||
| 41,650 | ||
| 2023 £ 27,801 - |
||
| 27,801 | ||
| 2023 £ - - 1,169 |
||
| 1,169 |
Page 8
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Notes to financial statements For the year ended 31 December 2024
| 6. Governance Costs Printing, postage & stationery Bank charges Accountancy fees 7. Tangible fixed assets Cost At 1 January 2024 Additions during the year At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net Book Values At 31 December 2024 At 31 December 2023 8. Debtors Prepayments Insurance arrears 9. Creditors: amounts falling due within one year Accrued Expenses Deferred Income |
2024 £ - 20 720 740 Investment Property £ 563,210 - 563,210 - - - 563,210 563,210 2024 £ 1,361 - 1,361 2024 £ 720 - 720 |
2023 £ - - 720 |
|---|---|---|
| 720 | ||
| 2023 £ 1,266 - |
||
| 1,266 | ||
| 2023 £ 720 - |
||
| 720 |
Page 9
V.K. P.V. Mirpuri Foundation “Drops of Kindness”
Notes to financial statements For the year ended 31 December 2024
10. Movement in funds
| Unrestricted funds General fund Endowment funds Investment Property Unrestricted funds General fund Endowment funds Investment Property |
At 01.01.24 £ 188,530 535,000 723,530 Incoming resources £ 46,352 - 46,352 |
Net movement in funds £ 19,854 - 19,854 Resources expended £ 26,498 - 26,498 - |
At 31.12.24 £ 208,384 535,000 |
|---|---|---|---|
| 743,384 | |||
| Movement in funds £ 19,854 |
|||
| 19,854 |
Endowment fund
This fund represents a gift of a commercial investment property by the Late Mr. V.K. Mirpuri and the Late Mrs. P.V. Mirpuri. The property is to be held as an expendable endowment, with the trustees applying the rental income received to further the charity’s objects. The trustees also have the discretion to sell the property if they see fit to do so, applying the sale proceeds to further the charity’s objects.
Page 10