RECISTERED COMPANY NUMBEIL. CE000517 (England and Wales) REGISTERED CHARITY NUMBER: 1152616 RE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER2024 ANUGRAHAM CHARITABLE TRUST R Pau & Co Limited Chartered Certified Accountants & Stthlory Auditors 12-16 Station Street East Coventy West Midlands CV6 5FJ
TABII TRU REFERENCE AND ADMIMSTRATIVE DETAILS FO AR ENDED 1ST DE ER20 TRUSTEES Et G K Malhotrn Mr S Tandon Mr D Mehta (resigned 711112024) Mr V KUMarn (apinted 2913ll024) COMPANY SECRETARY Mr S Tandon REGISTERED OFFICE 79 Manor Road Chigwell Essex IG7 SPH REGisfERED COfvtPANY IYUMBER CEO(K1517 (England and Wales) REGigfERED CHARITY NUMBER 11526J6 AUDITORS R Pau & Co Limited Chartered Certified Accountants & Ststutory Auditors 12-16 Station Street East Coventy West Midlands CV6 5FJ BANKERS Santander UK PIC 9 Nelson Street Bradford BDI SAN SOLicrroRS Paul H&stings (Europe) LLP 10 Bishops Square 8th Floor London EI 6EG Page I
REPOR OFTH EAR ENDED 31ST DECEMBER FORT The trustees who are also directi)rs of the charity for the purp$ of the Companies Act 2006, present their report with the financial Ststernts of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recomrnended Practice applicable to charities pr¢paring their acc4)unts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The Objects of the CIO are to promote for th¢ benefit of the wblic the advancement of education, the preservation of health and the relief of wvety for the people principally situated in Indi4 South East Asian countries arKI any other places in the WOTld that the charity trustees consid¢r appropriate, In such ways as the charity trustees think frt including (without limitation) by the provision of granW items and services to individuals in need or charities. other organisations working in fiIrthece of these charitable purpose We have referred tr) the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. STRATEGIC REPORT Achievements and perforniance CharitsbRe activities During the year the charity has contributrd to various Education. Health car4 Homeless feeding and ending lfflelin projects according kn the charities objectives and TnL8tees satisfie Education The initial woject undertaken by the Charity is the LJ)nstruction of a school buildin8 in Mandya Distri¢L State of Krnatak& Indi4 which provides free education primarily to children in rural India. The Charity continued to support this project in the curent financial year. The Trnst supports the Each One Educate One (EIEI) progrMe that ensures the cost of educating children from ecomically (kprived areas is met by the alumni ofthe instittthon. Healthcare The charity supported free paediatric cardiac surgical care at three difference hospitals in Indi&, named &s tIK Sri Sathya Sai Sanjeevani Centre for Child Healthcare. The hospitsls are based at Raipur. Palwal (Delhi), Navi Mumbai, Fiji, Sri Lanka and Mudden8halli. In particular the development of the Battl10a Hospital in STI tAnka has Jnoved forward to the next phase and we are &lding more operation thealres to the h05Pital having installed a state of the art 'Cath tab, at the site which is a t a world class level and h&s benefited many pati¢nts and Say many fatalities. This tsity h&s also supported the constTu¢tion of a Ga)etal Hospital with intensive Gare &s well As high dependency facilities at Muddethalli. The phase I proje(* has t¢en comple1 in a very short span of time and the next ph&se includ&s a medical sch¢x)l. The Ml¢al school Tecruitinent started in June 2023 and will provide medical education as well &s healthcare free of cost. Paramedtcal students and nut3ing students are also undergoing training free of cosl the medical h0o1 is now in operation and now commenced its teaching proe along with nurse5 training to national level. Horneless Feeding Due to the rec¢nt wandemic. the Grace Kitrh¢n initiative w&s W$pend temporarily. This project has in the p&sL undertaken the task of providing food for the needy. Page 2
ANUGRAHAM CHARrrABLE TRU REPORT OF THE TRUSTEES R THE YEAR ENDED 31ST DECEMBE 24 STRATEGIC REPORT Flnancial revieiv Financial pItiO Durlng the year total donations received were £1,301.682 Compared to previous year of £919,026. The donations are voluntary donattons from public including Gift aid Teceived from HMRC. The grant making policy is used as a guide to grant funds. During the year the Int granted £1,377.501 wmtmred to previous year tota] £870,826 to various projects. Funds in deficit A l(Yan for Circa £1,630,0 was obtatned in order to adva¢ payments to the Mandya hostel project. The loan outstanding at 31.12.2024 was £349,555. STRUCTURE, GOVERNANCE AM) MANAGEMENr Governing do¢ument The charity is controlled by its governing d(KumenL a deed of tnL8L and constitutes a limited cornpany, limited by 811aran¢ee, as defined by th¢ Companies Act 2006. STATEMENT OF TRUSTEES, RESPONSIBILITIES The InleeS (who are also the directors of Anugraham Charitable Tnjst for the pu0$cS of company law) a responsible for preparing the Report of the Trustees and the finat]cial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial sthtements for each financial year. Under that law, the InLes have eleded to prepare the financial statements tn aCdan with United Kingdom Generally Accep AOUnting Practi (United Kingdom Accounting Standards and applicable law). Under company law the tnjstees must not approve the fmancial statements unless they satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resou, including the income and expenditur4 of the charitable company for that period. In preparing those financial statement4 the trustees are required to select suitable accounting policia% and then apply them consistently. observe the method5 and principles in the Charities SORP. make judgements and estimafr5 that a Teasonable and prudenL state whether applicable accounting standards have been followed, subj¢¢t to any material departure.8 Aisclosed explained in the fin8ncjA! statsmn*s; Prepare the financial statements on the going ¢(mcem b&8is unless it is inappropriate to presume that the ¢haritable company will ci)ntinue An business. The tnte¢S are responsible ft)r keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitsble company and to ¢nable them to ensure that the fiT]ancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable eompany and hen¢¢ for taking reasonable steps for the prevention and detection of fraud and (rther irregularities. In so far as the trustees are aware". there is no relevant audit iT]forniation of which the chlble company's auditors ar¢ unaware. and the tnteeS have taken all stsps that thry ought to have taken to make themselves aware of any relevant audit infOrnl0 and to establish that the auditors are aware of that infonnation. AUDITORS The auditOT% R Pau & Co Limited, will be proposed for re-appointment at the forthcoming Annual Genernl Meeting. Page 3
ANUGRAHAM CHARITABLE TRusr REPORT OF THE TRusfEES NDE 31 T DECE ER 2024 Report of the trustees inwrporating a sti*egic r¢porL awed by order of the Ix)ard of trustees, as the company directots, on 26th January 2026 and sId on the board's behalf by: Dr G K Malhotra. Truste¢ Page 4
REPORT OF THE INDEPENDEr A DTTORS TO THE MEMBERS F ANUG AM CHARfTABLE TRUST OpiDion We have audited the financial statements of Anugraham Charitable Trnst (the 'ch8rilable company) for the year ended 31st Dernber 2024 which comprise the Ststement of Financial A¢tivitio the Balance ShttL the Cash Flow Statement and notes to the fmancial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is appliL7ble law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practp¢e). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31st December 2024 and of its incoming resources and application of resources, including its income and expenditur¢. for the year then ended. have been property prepared in accordance with Unital Kingdom G¢neTally Accepted Accounting h?ctice" and have been prepared in accordance with the requirrnts ofthe Companias A¢t 2006. B8sis for opinion We lxffiducted our audit in accordance with ]nternational Siandards on Audtting (UK) {ISAs (UK)) arnl applicable law. Our responsibilities under those stsJ]dards are fitrther described in the Auditors, rew)nsibilities for the audit of the financial statements section of our reporL We are independent of the charitable company in accordance with the ethical requIrents that are relevant to our audit of the financial *atements An the UK including th¢ FRCS Ethical Standard. and we have fifilled our other ethical responsibilities in accorthce with these requiran¢nts. We believe that the audti evidence we have obtsined is suffJ¢ient and appwiate to provide a basis for our opinion. Conclusions r¢lgtlng to going concern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of acc4)unting in the preparation of the financial statements is appropriate. Based on the work we have perfonne¢ we have not identified any material unlxtainties relattng to events or conditions thaL individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going con¢ern for a period of at least twelve mondLS from when the financial staternfflts are authorised for iue. OLW responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this reporL Other Information The trwtees are Tesponsibl¢ for the other inforniation. The other infornmtion Comprises the inforniation inc1led in the Annual ReporL other than the financial statements and our Report of the tndependent Auditors thereon. Our opinion on the financial statements (bes not cover the other infomlation and, except to the extent otherwise expli¢illy stated in our repor¢ we do not express any fomi of assurance conclusion thereon. In Connection with our audit of the financial statements, our responsibilty is to read the other infomwtion an in doing so. consider Nvhether the other infomation is materially inconsistent with the financial slatements or our knowledge obtained in the audit or otherwise appears to be materially misstaled. If we identify Such material in1)nSIStenCIcS or appaTent material misstatements. we required to deterniine whether thÉs giv rise to a material misstatanent in the financial statements themselves. If, based on the Work we have Fthmie4 we conclude that there is a material mi&statement of this other infornation, we are requir&1 to report that facL We have nothing lo report in this regar Opinions on other matters preseribtd by the Companles Aet 21106 In our Opinio b&sed on the work undertaken in the Course of the audit: the infomiatÉon given in the Report of the Tn for the financial year for which the financial statements are epared is consistent wtth the financial statements. and the Report of the Trustees been PTepared in accordance with applicable legal requirements. Pag¢ 5
TOF EP ENT AUDI ILAHAM CHARITABLE TRusr MAtters on which we are reqlllred to report by exeeption En the light of the knowledge and understanding of the tharitable company and its environment obtained in tk course of the audiL we have not identified material misstaternents in the Report of the Truste£s. We have nothing to report in respect of the following matters where the G)mpanies A¢t 2006 Tequires us to rert tr) you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by . or the financial statements ar¢ not in agreement with the accounting records and returns. or rAlain disclosures of trustees, remuneration specified by law are not made. or we have not received all the infornwion and explanations we require for our audiL R¢sponsibllities of trnstees As explained more fijlly in the Statement of Trustee5' ReSpK)nsIIIitic& the trustees (wbo are also the directors of th¢ charitable company for the purpos¢s of company law) are rwsible for the preparation of the fmancial ststements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees deterniine is neeessary to enable the preparation of financial statements that are free from Materi misstatemenL whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Chitable Company's ability to continue as a going Con disdosing, as applicabl4 matters related to going conc and usin8 the going concem basis of accounting unless the 1Thtee8 either intend ty liquidate the eharitable company or to cease operntion8 or hav¢ no realistic alternative but to do so. Our reSD$AbIll for the audlt orth¢ fiDADcial ststements Our (ybje£tives are to obtain reasonable assuraTtce aEx)ut whether the financial statements as a wIle are frt¢ from material misstatemen( whether due to fraud or error, and to issue a Re1 of the Independent Auditors that includes our opinion. Reasonable assurdnce is a high level of assurance. but is not a guarnntee that an audit conducted in accordance with ISAS (UK) will always detect a matrrial misstatement when it exists. Misstatements Can arise from fraud or error and are considered Matla] if, individually OT in the aggre8ate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statemen The extent to which our procedures are cq)able of detXIng irregularities, including fraud is detsiled below. Ba8ed on our understanding of the chwity and the sector in which it operates, we identified the principal risks of noTrcornpliance with laws and regulations related to the acts by the charity, which were Contrary to applicabl¢ laws and regulations including fraud, and we considered the extent to which non-wmpliance might have a material effect on the financial slalements. We also considered those laws ana regulations that have a direct impact on the prepaydtion of the finan¢ial statements such as the Companies Act 21kn. We evaluated management's incentives and opwrtuni1l for fraudulent manipulation of the financial statements {in¢luding the risk of override of controls), and detern11n that the principal risks were related to inflated revenue and the charity's net income for the year. Audit f0m]ej included: review of the financial statement disclosures to underlying SllPPOrting documentstion, review of wrrespondence with and ryrts to the regulators, including correspondence with the Charity Com$S1o review of correspondence with legal advisors enquiries of mana8em¢nL and in testing of joumals and evaluating whether th¢r¢ was evidence of bias by the trustees that represu a risk of material misstatement due to There are inherent limitstions in the audit procedures described aknve and the further removed non compliance with laws and regulations is from the events and transactions Tefirtted in the financial sÉatement% the less likely we would Irne aware of it. Also, the risk of not detecting a material mi&statement due to fraud is higher than the risk of not detecting one resulting from ernr, as fraud may involve delliate concealment by, for example, forgery or intentional misrepresffltstions, or through collusion. A further description of our responsibilities for the audit of the financial statan¢nts ts located on the Financial Reporttn8 C(nG11'S website at www.frc.or8.uk/auditOTsresponsibiliti¢s. This description fornis part of our Rewt of the IndeNdent Auditors. Pag¢ 6
OF THE INDEPENDENT A JDITORS TO THE MEMBERS OF ANUG AM CHARIT LE UST Use ofour report This report is made solejy to the charitable company's memlw &$ a Edy, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable cornpany's mcmbets those matters we are requir&1 to state to thern in an auditOTS' rep)rt and for no other purpose. To the fullest extmt pemiitted by law, we do not accept or assume responsibtlity to anyone other than the charitable company and the charitable company's members &s a body, for our audit worl for this rqmrt or for the opinions we have fomie(L Mr Nimesh Pau FCCA (Senior Ststutory Auditor) for and on behalf of R Pau & Co Limited Chartered Certified Accountants & Statutory Auditors 12-16 Station Street East Coventy West Midlands CV6 5FJ 26th January 2026 F_
ANUCRAHAM CHARrrABLE TRUST srATEMENf OF FINANCIAL ACllVITIES HEY ED 1ST DECEMBER 2024 2024 2023 Unrestricted Total fund Notes NCOME AND ENDOWMENTS FROM Donations and l¢gacies 1,450,188 919.026 EXPENDITURE ON Raising funds 1718 1500 Charitable aelivitles Generdl Grants paid 47.219 1,377,501 82,429 870,826 Total 1.427.438 955,755 NET INCOMEI(EXPENDrruRE) 21750 (36,729) RECONCILIATION OF FUNDS Total funds brought fonvard 5,104 41.833 TiyfAL FUTrIDS CARIUED FORWARD 27,854 5.104 The notes fonn part of these financia] statements
ST BALANCE SHEET DECEMB 024 2024 2023 Total fund5 fimd DeOr$ Cash at bank 10 370,000 9,9 370.IKIO 3,260 379,909 373,260 CREDITORS Amounts falling due within one year (2,500) (2,500) NET CURRENf ASSETS 377,409 370.760 TOTAL ASSETS LESS CURRENT LIABILITIES 377,409 370,760 CREDrroiLs Amounts falling due after more than one year 12 (349,555) (365,656) NET ASSETS 27,854 5,104 13 Unrestri¢ted fimds 27.854 5,104 TOTAL FUNDS 27,854 5,104 The financial statements were approved by the Board of Trustees and auth0ri5ed for issue on 26th January 2026 and were sign1 on its beh by: The notes fomi part of these flnancial slatements Page 9
GRAHAM CHARITABLE TRUST CASH Flnw STATEMENT EARE 1ST DECEMBER 2 FOR THE 2024 2023 Notes Cash flows from operaimng aetivities C&8h genernted fiDm operations 6,649 (32,319) Net cash provided by/(u1 in) oimting activxties 6,649 (32,319) Change In cash and c&gh equivalents In the reporting perlod Cash and cash equivglents at the beginnlng of the reportlng period 6.649 (31319) 3,260 35579 Cash ond cash equivalents gt the end of the reporting perfiod 9.909 3260 The notes forni part of these financial statemerts Page 10
TA TR ST TE THE CASH FLOW NDED FO YE TATEMENT RECONCILTATION OF NET INCOME/(EXPEM)ITURE) TO NET CASH FJA)W FROM OPERATING Acfiv]TIES 2024 2023 Net iDcomel{expenditure) for the reporting period (as per the ststem¢Dt ofFinaDeial Adivities) Adjustments for: Decrease in debtors De¢re&se in cr&litors 21750 (36,729) 50,000 (45,5) {i&ioi) Net eash provided by/(used in) operations 6,649 (31319) ANALYSIS OF CHANGKS IN NET FUNDS At 111/24 Cash flow At31/1124 Net eAsh Cash at bank 3,260 6.649 6,649 Totsl 3,260 6,649 9,9 The notes fomi part of these financial statements Pagell
ARIT LETR TES TO THE FINANCIAL STATEME YEAR E ED3 DEC FOR 024 AccouNfiNG POLICIES Basb of preparing the fiDanaal stst¢ments The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been prwrd in accordance with the Charities SORP (FRS 102) 'Ac¢ounting and Reporting by Clwities: Statement of ReCOnmnded Practice applicable to charities preparin8 their accounts in adartLy with the Financial Reporting Stsndard applicabl¢ in the UK and Republic of Ireland (FRS 102) {effective l January 2019),, Financial Reporting Standard 102 'The Financial Rq)orting Standan4 applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical conveartion. Incom¢ AJI income is recognised in the Ststement of Financial Activities once the charity has entitlement lo the funds it is probable that the incomc will be received and the amow)t can be measured reliably. Expenditure Liabilities are reco8ntsed exp¢nditiJre as soon as there is a legal or constructive obligation wmmitting the charity to that expenditure, it is probable that a transfer of economic benefits will be requir&J in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an anlS basis and h&8 been classified Lder headings that aggre8a* cost related to the category, Where costs Cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of Grants offered subject to condttions which have not been met at the year end date are noted as a LX)mmitsnent but not acuued as expenditure. Taxation The chartty is exempt from corporntion t&Y on its charitable activities. Fund accounting Unrestricted funds ¢8n be used in 8ccordance with the charitsble objectives at the discretion of the tnLStees. Restricted funds can only be used for particular restricted Purpo wtthin the objects of the Chlty. Restrictions arise when specifjed by the donor or when fiinds are Taisal for particular restricted purposes. Further explanation of the nature and purp)se of each fund is included in the noles to the financial statements. Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balanr£ sheet date. Transactions in foreign CUTrencies are tratlated into sterling at the rate of exchange ruling at the date oftransaction. Exchange differenc are taken into account in arriving at the opknting resulL Page 12 continued...
AN GRAHAM CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS- eoDtin TH NDED 3 024 I)ONATIONS AND LEGACIES 2024 2023 Donations Gift aid 1,301,681 148,507 919,026 1,450.188 919,026 RAISING FUNDS Raislng donatlolls and legaeies 2024 2023 sUprt (xists 1718 2,500 C114RrrABLE ACTIVITIES COSTS Grant funding of activities (see note Di Totals Genernl Grants paid 47,219 47,219 J,377.501 lJ77.501 47219 1,377,501 1,424,720 GRANTS PAYABLE 2024 2023 Gr4nts paid 1,377,501 870,826 SUPPORT COSI Govemance costs Raising donations and legacies 1718 Page 13 continued...
AN LE NOTES TO THE FANc YE END STATEMENTS- contlnued 31 DE R2 NET COMFj(EXPEDJTURE) Net income/(exp¢nditLwe) is stated after Chargin(¢editing). 2024 2023 Auditors, remuneration 2,718 2,500 TRUSTEESI REMUNERATION AND BENEFIT The were no trustees, remuneration OT other beJ]¢fits for the year ended 31st Decemkr 2024 nor for the year end 31st De¢¢mb¢r 2023. Trn$tees' expense5 There were no trustees, exe$ paid for the year ended 31st De¢emkr 2024 nor for the Y ended 31st December 2023. COMPARATIVES FOR THE sTATE]ENr OF FINANCIAL ACTIVrnES Unrestiicted INCOME AND ENDOWMEiwfs FROM D)nations and legacies 919.026 EXPENDITURE ON Raising funds 1500 Cbaritable activitks General Grants paid 81429 870,826 Totsl 955,755 NET lNCOMFJIEXPENDuRE) (36,729) RECONCILIATION OF FUNDS Total fill)ds brought fonvard 41,833 TOTAL FUNDS CARRIED FORWARD 5,104 Page 14 continued...
ANUG M CHARITABLE TR NOTES TO THE FINANCIAL STATEMENTS. tonllnlled TDE ST 10. DEBTOKS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Other d¢btors 370.000 370.000 ii. The charity made an advance payment of£370,(X)0 (2023: £370,000) to the Mandya Hostel proje¢t. CREDITORS: AMOiJNTS FALLING DUE WITHIN ONE YEAR 2024 2023 1500 1500 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Other creditors 349,555 365,656 The charity availed intsrest free loan of £349,555 (Euros 42J.528) (2023: £365,656 Ew05 421,5281 to comple* the Mandya Hostel project on time MOVEMENT J]¥ FUNDS 13. Na At111124 At 31/12r24 in fijnds Unrestrieted funds General fund 5,104 22,750 27,854 TOTAL FUNDS 5,104 22,750 27,854 N¢t movement in funds, included in the ave are as follows: InLming Tesource5 Resources Movement expended in fidS Unrestricted funds General fimd 1,450,188 (1,427.438) 22,750 TOTAL FUNDS 1,450,188 (1,427,438) 22,750 Page 15 continued...
ANUC AM CHAIUTABLE TRUST NOTES TO THE FINANCIAL STATEllfENTS- eonlfinued RTHEYE El D31 T DECEMBE 2024 13. MOVEMENT IN FUNDS- continued Comparstlves for movement in funds movement in funds At 31112123 At l/l123 Unr¢stRYCted funds General fund 41,833 (36,729) 5.104 TOTAL FIiNDS 41,833 (36,729) 5,104 Comparative net movement in funds, included in the above are &$ follows: Incoming Resources Movement in funds Ullrestsleted funds Genernl fimd 919,026 (955,755) {36.729) TOTAL FUNDS 919,026 (955,755) (36,729) A current year 12 months and lor year 12 months ¢ombined position is as ftillows: Net movement in funds At 31112124 At i/ir23 Unrestricted funds Generdl fund 41,833 (13,979) 27.854 TOTAL FUNDS 41,833 (13,979) 27,854 A cumt year 12 months and prior year 12 moDths combined net movement in fund4 included in th¢ ave are as follows: Inmng Resources Movemenl in funds Unrestiicted f4Dds Gener41 fund 2,369,214 (2,383,193) (13,979) TOTAL FUNDS 2,369,214 (2,383,193) (13,979) Page 16 continued..
NOTES TO THE FNANCIAL STATE AR D3 STDE ntinued 24 ER 14. RELATED PARTY DISCLOSiiRES There were no related party transactio9 for the year ended 3 1st December 2024. I& SICNIFICANT DEBTORS AND CREDrroRS Debtors As * 31st Lkcember 2024, the Charity has a debtor balance of £370.01)O du4 a prominent Indian publi¢ charitsble trust founded in 1981 and based in Chikkaballapur, Kamataka. The balance Tepres¢nts amounts advanced by the Charity in prior IrIodS under a forn1 loan arrdngement. While the Cknity is currently unable to l(Kate the executed loan agreemenl management believes that such an awnent exists and that the balan¢e is valid and recoverable. The debt is personally 8uarnnteed and chKks have been carried out, including publicly available UK Companies House seaKhe% to confim) the guarn has sufficient resources to support the guardnte Creditors As at 31 st Derember 2024, the Charity owes £349.554.52. A fomial loan agreement Is in place in respect of this Imlance. The ¢reditor has indicated that ihey do not intend to call wx)n this loan until the amounts due from the charity debtor, or recoverable under the relatsl 8uarant4 have been ]ved. Going Concern The trustees have Teviewed the financial PM)Sition of the Charity, including the recov¢rability of significant debtor balances, the existence of guardntees, and the timing of creditor obligations. Based ijn this assessnw the trustees aR satisfied that the financial statements can be prepared on a going concern basis. Page 17
ANU BL ETAtLED RTH TATE ENT OF ENDED 3 INANCIAL A[VITIEs ST DECE 202 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid 1,301,681 148,507 919,026 1,450,188 919,026 Total iDcothing rnurees 1,450,188 919,026 EXPENDITURE Charltable actiiities Bank charges Charitable acttVAty costs Foreign exchange variations Grants paid 63,230 (16,101) 1,377,501 77,929 4,410 870,826 1,424,720 953,255 Support costs GoverDan¢e Costs Auditors. remuneration 2,718 2,500 Total resources expended 1,427,438 955,755 N¢t fineome/(expeDditure) 22,750 (36,729) This page does not forn) part ofthe ststutory financial statements Page 18