DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CHARITY REGISTRATION NO: 1185075
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART CONTELYrs: LEGAL & ADMINISTRATIVE INFORLIL4TION TRUSTEES, REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF RECEIPTS AND PAYIVIENTS STATEMEP4T OF ASSETS AND LIABILITIES io LYOTES TO THE FIIYANCIAL STATEMEP4TS 11-15
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART LEGAL & ADMIP41STIL4TIVE INFORMATIO CIL4RITY REGISTRATION NO: 1185075 CIL4RITY REGISTRATION DATE: 28 August 2019 START OF FINANCIAL PEIUOD: l January 2024 ETr4D OF FINANCIAL PERIOD: 31 December 2024 TRUSTEES AT 31 IRCH 2023: Alka Shah- Cbair Rajni Ganatra- Accounting Consultant Rekha Savjani- Legal Coullsel Kalpana Shah- Marketing/Public Relations Amrapali Mehta- Art Consultant LEGAL STA TUS: Charitable Organisation GOVERNING INSTRUMENT: Trust Deed dated 26.3.19 OWECTS: The prevention or relief or poverty allVhere in the world by providin2 grants, items or services to indii'iduals wbo are in need, in partieular but not exelllsii'ely ivomen and ehildren, andlor by making grants to charities or other non-governmental organisations working to prevent or relieve poTr'erty. REGISTERED ADDRESS: 5 Park Close Riciimansworth Herts WD3 IQH Email:infoO)kindhearteharity.eom Web: IiTrTrTrv.kindheartcharity.com PRIMARY BANKERS: Barclays Bank plc 355 Station Road Harrow, Middx IL412AN INDEPENDENT EXAMINER: Mr Satish Lakhani BA(Hons)FCA Lake & Co Chartered Accountant5 25A Kenton Park Parade Kenton, Middx 3 8DN
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART TRUSTEES, REPORT FOR THF. YF.AR F.NDF.D 31 DF.CF.MBF.R 2024 The trusteos present the annual report together witb the financial statements of the cbarity for the year ended 31 December 2024. OWECTIVES AJYD ACTIVITIES Policies and objeclives The prevention or relief or poverty anywhere in the world by proi'iding grants, items or serriees to indis'iduals who are in need, in partieular but not exelllsiTr'ely women and ehildren, andlor by making grants to eharities or other non-governmental organisations working to prevent or relieve poverty. In setting objectives and planning for aetivities, the trustees have given due consideration to general guidance published by the charity commission relating to public benefit and in particular to its supplementary public benefit guidance. ACHIEVEMENTS AND PERFORLVL4NCE Review vfaLlivilieJ Acbievements for Year Ended 31 December 2024 Our key objective is to Collaborate and partner Ivith UK'S leading Art & History institutions including Museums, Art Galleries with a vieiv to orgAnize events 50 that Ive may raise funds for charity. KindheART is a registered Charity and regulated by tbe Charities Commission and everything we do 1$ fully ac¢ounted for and reported on. Our work Is concentrated in Kenya. India. and the UK. where we partner with trusted. officlally registered local charities and non-profit organisations. Most of these partners are known to us personally. and our Trustees have visited and engaged with them diree(Iy. We are confident in both their work and their responsible use of charitable funds. Our key objective is to collaborate with the UK'S leading art and history institutions including museums and galleries to host events that raise funds for our charity project initiatives. By working only with well- known venues and Instltutlons. we ensure a hlgh standard of dellvery whlle keeplng rlsks mlnlmal. We are also steadily building our mailing datsbase and social media presence to improve communication with our supporters. Across all our work, we continue to focus on sustainable initiatives that empower women and children to access education, gain vocational skills. and become self-sufficient. To maintain transparency. we receive regular reports from the charities we support on how funds are used.
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART TRUSTEES, REPORT FOR THE YEAR EIYDED 31 DECEMBER 2U24 (continued) A Yearof Growth and Impact 2024 Highlights Tbis year saw a series of exciting events that helped us expand our community, raise funds, and eonne¢t with * younger audience. We once again found unique exhibitions and events that garnered interest from a wider audience. Highligbts included: Leighton House Partnership: We collabonited J%'ith the newly reopened i]ghton House in London for an inspiring event in its beautifully restored galleries. Summer Ladies, Rooftop Partv: Our first-ever ladies, summer celebration took place on a London hotel rooftOP* where over 90 fashionably dressed guests enjoyed live jazz, A DJ, and a vibrant evening of netTrvorkin%. Frieze Art Fair Tours: In collaboration with Frieze Art Fair, Ive offered bespoke guided tours providin% deep insights into contemporary art. Mughal Art Evening: We closed the year with an elegant Mughal Art event in a London hotel, feiituring two renowned art historians. Charitable Initiatives Our commitment to supporting vulnerable communities at home and abroad remained strong. Among the charities and IYG05 ive partnered with in 2U24: United Kingdom Single Homeless Project (SHP Charity}- providing 200 Christmas meals to young bomeless people in London. Nem Hope Charity- supporting safe housing and winter essentials. Hummingbird Women's Project- providing educational and counselling support India: Srujna, Mumbai- enabling women from slums to gain vocational training and start small businesses. Aapne Aap Won)ens Association Society of Education for the Challenged Child Kenya: Cbarity Collnect- supporting iAfrica and Lions Club- ¢overing school fees, furnishing neiv housing for orphan girls, and improving conditions for street ehildren. Transformer5 Lvlathare givillg vocational equiptllent and training to womell from 51uTns
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART TRUSTEES, REPORT FOR THE YEAR EIYDED 31 DECEMBER 2U24 (continued) We also launehed two new ciimpaigns: "Sow and Sew to Survive" vocAtiollal Alld entrepreneurial training for Ivomen in 51um area5. "Hope to Smile" educational support for orphan children and those with disabilities. Across all projects, our foclls continues to bc on sustainable initiatives that empower women and children through education and self-sufficiellcy. Fundraising Events . Our events and fundrai$ing efforts Ivere both enjoyable and impactful: April 2024- Leighton House: An exclusive guided experience at the newly renovated Ikighton House, followed by a Turkish lunch. Funds raised: -£9,0110. June 2024- Hilton Rooftop Summer Party: 90+ guests enjoyed live jazz, a DJ, and a eelebrity stylist experiellce raised nearly £10,000 October 2024- Frieze Art Fair: An inlimate art lour followed by an exclusive lunch at ar a pop-up restaurant raising nearly £20(10 December 2024- V&A Museum: A cultural gathering with a celebratory lunch at the Rembrandt Hotel raising over £5(100 For the first time since our charity began, Ive created a promotional, m#rketing-focu$ed goody bag featuring items from the projeets we support ineluding pickles from Srujna in India and a handmade lllggage tag from Transfornler Mathare in Kenya alongside generously donated products from small businesses that share our mission of educating and empowering women. Fund Distribution In 2024, £42,000 was donated across ongoing projects: Kenya: Lions Club of Eldorel- school sponsorships, new sanitatioll facilities, and A children's botlle kitchen and dormitory. -charity Connect- women'$ empoiyement via seTrving schools and computer classes. -iAfrika- support for street children. -Beruham and Aubrey Children's Homes- contlllUOU5 renovation and upkeep to itllprove living conditions.
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A NDHEART TRUSTEES, REPORT FOR THF. YF.AR F.NIIF.I) 31 1)F.CF.MBF.R 2024 (colltillued) India: -Srujna- vocation*l training and enlrepreneurship for Ivomen. -AAWC- support for iTromen vulnerable to traftficking. SEC - music lessons for cbildren in Ivheelchairs UK: New Hope sllpporting the homeless SHP Charity forHomele$s Londoners Hummingbird, a charity aiding Ivomen #nd children fleeing Iv#r-torn regions okillg Aher•d . We are espeeially proud of our food and essentials distribution programmc in rural Kenva, whicb has benefitted thousands of children, families, and communities. Projects like these affirm our belief that education is the Single most important driver of "A Brighter Tomorrow." With increasing interest from corporate sponsors and record-breakillg event attelldance, Ive are poised to groiv even further in the coming years-ensuring that more women and Children gain a¢¢e$s to education, empowerment, and the ebance to build independent, hopeful fllture$. FINANCIAL REVIEW Going coMcerH After making appropriate enquiries, the trustees have a reasollable expectation that the charity has adequate resource5 to continue in operational existence for the foreseeable future. For thi5 reason, they continue to adopt the going cvncern basi5 in preparing the financial statetllents. Further details regarding the adoptioll of the going concern basis can be found in the Accounting Policios. Princ'ipul ri3k3 and uncerlain¢ies The trustees consider that the main risks of governing the charity are in connection Ivith the management of its eash assets Ivhieh are reviewed formally by the trustees at each meeting.
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) STRUCTURE, GOVERLYANCE ALYD MALYAGEMENT Con3tiluliun The charity was in¢orporated by Trust Deed on 26 March 2019 and ¢ommen¢ed operating on 28 August 2019. Method of appoinlmeht or eleL¥ion of truslees The management of the eharity is the responsibility of the trustees wbo lire ¢Ited lind co-opted under the terms of the Trust Deed. SialemeAI of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in aeeordanee with the United Kingdom Aceollnting Standards (United Kingdom Generally Aeeepted Accounting Priictice) and applic27blc law and regulations. Organisational structure and decision making The charity is managed by the trustees. Siatemenl of Truslees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accoullting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Thc law applicable to ebarities requires the trllstces to prepare financial statements for cach financial )'ear which giTre a true and fair vieiTr of the state of affairs of the charity and of the incoming resources and application of resourc&4 of the charity for that period. Ill preparing these fillancial statements, the trustees are required to: Seleet sllitable aeeollnting policies and then apply them consistently? Observe the methods and principles in the Charities SORP. Ivlake judgements and estimates that are reasonable and prudent. State Th'hether applieable aecounting standards haTre been followed, Subjeet to any material departures diselosed lind explained in the financial statements; and Prepare the financial Statements on the going concern basis unless it is inappropriate to presume that the ebarity will continue in busin&ss.
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART TRUSTEES, REPORT FOR THF. YF.AR F.NIIF.I) 31 1)F.CF.MBF.R 2024 (continued) The trllstees 3ire responsible for keeping proper iiceounting reeords that diselose with reasonable aeeuraey at any time the financial position of the ehiiritv and enable tbem to ensllre that the financial statements eomply with the Chkirities Act 2011, the applieable Cbarities (Aeeounts and Reports} Regulations, and the provisions of the eonstitution. The trustees are also responsible for safeguarding the assets of the eharity and hence for taking reasonable steps for the prevention deteetion of fralld and other irregularities. The annual report was approved by the trustees of the charity on 16 October 2025 and signed on its behalf by: DccuSn•d by.. ALIL4 SHAH Trustee 16 October 2025
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART INI)F.PF.NI)F.NT F.XAMINF.R'S RF.PORT TO THF. TRUSTF.F.S OF KINDHF.ART I report to the charity trustees on mv examination of the aceounls of the charity for the year ended 31 Decembey 2024 which are set out on pages 9-15. Respeclive responsibililies oflrmslees and exrtmiuer As the eharity's trustees are responsible for the preparation of tbe aeeounts) yoll eonsider that an audit is not required for this year under Seetion 144(2) of the Charities Act 2011 (the 2011 Aet) and that an independent examination is needed. It is my responsibility to examine tbe aeeounts under seetion 145 of the 2011 Act, to follow the proeedllres Iiiid down in the General Dircetions given bv the Charity Commission under seetion 145(5)(b) of the 2011 Aet and to state whether partieular matters bave come to my attention. Bdsis of independent examiner's statemenl My examination was carried out in aceordanee with the General Directions giTren 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 ill tbe accounts alld seeking explanations from )'ou as trustees collcerning any such matters. The procedures undertaken do not provide all the evidence that would be required in all audit and con5equelltly no opinion is given as to Ivhether the accounts present a 'true and fair view, and the report is limited to those matters Set out in the Statement beloiv. Independent mIner'S &lutgment I have completed my examination. I confirm that no matters hai'e covne to my attention in connection ith the examination giving me Cause to believe that in an). material respect:_ l. Ac¢ovnting records were not kept in respect of Kindheart as required by section 130 of the Aet. or 2. The aecounts do not aeeord with those records. or 3. The ac¢ounts do not comply witb the #¢¢ollntin2 requirements eoncerning tbe form and content of aeeounts set ollt in the Cbarities (Aecounts and Reports) Regulations 2008 other than requirement that the aeeounts give a 'trlle and fair view, which is not a matter eonsidered as part of an independent examination. 4. The aecollnts bave not been prepared in aecordance witb the methods and principles of the Statement of Recommended Priictice for aeeounting and reporting by ehiirities applieable to charities prepiiring their accounts in accordance with the Financial Reporting Standiird applicable in the UK and Republic of Ireland (FRS 102). I have no eoneerns have come aeross no other matters in Connection with the examination to whieh attention should be dram'n in tbis report in order to enable a proper understanding of the accounts to be reached. Slon ty.. ..TISH.(14lfjII.......... &UISI*&AKHATr41 BA(HONS) FCA Lake & Co Chartered Accountants 25A Kenton Park Parade Kenton, Middx HA3 8DIY 16 October 2025
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART STATF.Mfi.NT OF RF.CF.IiYrs ANI) PAYMF.NTS FOR THE YEAR EP4DED 31 DECEMBER 2024 Unrestrieted Funds Year Ended 31.12.24 9 Montbs to 31.12.23 Notes RECEIPTS: Voluntary Receipts 15,141 15,141 17,232 Charitable Activities 28,074 28,074 32,741 lllvestmellt Income Total Receipts 43,215 43215 49,973 PA YMENTS: Cost of Charitable Aclivitie$ 55,218 47,387 Other Payments 1,078 1,078 770 Total Payments 56,296 56296 48.157 NET (OUTGOING)IINCOMING RESOURCES (13,081) (13,081) 1,816 Balances blfwd 19,942 19,942 18,126 Balances clfwd 6,861 6061 19,942 The llote5 on pages 10-15 form part of these financial statements. All operationy #re continuing operntions #nd all funds #re unreslricted.
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART STATF.MF.NT OF ASSF.TS & LIABILITIES AS AT 31 DECELVIBER 2024 Total 31.12.24 Total 31.12.23 Notes CURRENT ASSETS Cash at bank Debtors 6,131 847 19,780 162 TOTAL ASSETS 6,978 19,942 LIABILITIES Accrua15 117 LYET ASSETS 6061 19,942 Represented By: Unrestricted Fund8 Restricted Funds 6061 19,942 6061 19,942 TRUSTEES, RESPONSIBILITIES IN RELATION TO FINANCL4L STATEMENTS Charity. LaiTr requires the trustees to prepare financial statements for each financial year whicb Comply with the reguliitions scl out in the Charities Act 2011. The trllstees have elceted to take advantage of the provisions that apply to small cbarities and have prepared a Receipts and Payments Accounts and Statement of Assets and Liabilities which are set out on pages 9-10. Signed on behalf of the trustees by . Trustee Print name: Dated: Alka Shah 16 October 2025 io
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART NOTF.S TO THF. FINANCIAL STATF.MF.NTS FOR THE YEAR EP4DED 31 DECEMBER 2024 I. ACCOUNTING POLICIES Ba.si.s ofAecountin2 The iiceounts has'e been prepiired llnder the"Receipts and Payments" basis as prescribed by the Charity Commissioners and they meet the appropriate legal requirements. stalen1 of conipliance The financial statements have been prepared in accordance with Accounting and Reporting by charities: Statement of Recommended Practice applicable to cbarities preparing their accounts in accordance with tbe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable ill the UK and Republic of Ireland {FRS 102) and tbe charities Act 2011. Basis ofpreparalion Kindheart meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initiallv recognised at historical cost or transaction value unless otherwise stated in the relev*nt accounting policy llot. Ineome und endowmenls Voluntary inenme including donati(blls? gifts, legacies and grants that provide eore funding nr lire of a general nature is reeognised when the eharitv has entitlement to the ineome, it is probable that the ineome will be reeeived, and the amount can be measured with suftfieient reliability. Donutions andlegacies Donations and leg3icies are reeognised on a reeeivable basis when reeeipt is probable, and the amount can be reliably measured. GifiAid Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of tbe receipt of the illcome tax. li
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART NOTF.S TO THF. FINANCIAI. STATF.MF.Tr4TS Tr"OR I'HTr. Yb:AR b:Nl)Tr".1) 31 1)Tr-.CTr:MIIF".R 2024 I. ACCOUNTING POLICIES (cont.) Expendilure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount be measured reliably. All eosts are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings, they have been allocated on a basis consistent Ivith the use of resources. Charitable aclivities Cbaritable expenditure comprises those costs incurred by the cbarity in the delivery of its activities and 5ervice5 for its beneficiarie5. It includes both costs that can be allocated directly to su¢h activities those costs of an indire¢¢ nature nece$$#ry to support them. Fundslrllelure Unrestrieted income funds are general funds that are available for use a¢ the trustee$, discretion in fllrtberance of the obje¢tives of the Cbarity. 2. RECEIIryS Unrestrieted Funds Year Ended 31.12.24 Period ended 31.12.23 Voluntarv Receipts Donations Gift Aid Tax reeovered 11,301 3,840 11,301 3.840 2.161 15,141 15,141 17,232 12
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART NOTES TO THE FIIYANCIAL STATEMEP4TS FOR THF. YF.AR F.NIIF.I) 31 1)F.CF.MBF.R 2024 2. RECETPTS (cont.) Unrestricted Funds Year Ended 31.12.24 Period Ended 31.12.23 Charitable Activities Ticket sales from functions Merchandise sales 28,074 28,074 32.741 28,074 28,074 32,741 Investm¢nt Income Bgnk inter¢5t 3. PAYMEIYTS Unrestrieted Funds Year F.nded 31.12.24 Period F.nded 31.12.23 Co$t of Charitable Activities: Function Costs DonAtions made Ticket refunds 13,082 42,136 13,082 42,136 22,331 25,056 55218 55218 47,387 Other Payments: Independent examiner5 fees Website costs Other expen5e5 818 260 818 260 770 1,078 1,078 770 13
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINI)HF.ART NOTF.S TO THF. FINANCIAL STATEMF.NTS FOR THE YEAR ENDED 31 DECEMBER 2024 4. DEBTORS 31.12.24 31.12.23 Aeerued income 847 162 5. CREDITORS: amounts falling due within l year 31.12.24 31.12.23 Accruals 117 6. FUNDS Balance #s at 1.1.24 Incoming resource5 Resources expended Balance a5 at 31.12.24 19,942 43,215 7. RESTRICTED FUNDS The charity has no restricted funds at present. 8. TRANSACTIONS WITH TRUSTEES No piiyments were miide to trustees or any persons eonneeted with them during this financial period other than reimbursement for items direetly relating to the work of the Charity {31.12.23:£nil). No other matcriiil transaction took place between the organisation and a trustee, or any person connected with them. 9. RISK ASSESSMENT The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reseryes stated, combined w'ith the allnual revieiv of tbe controls over key financial 5y5tems carried out on an annual basis w'ill provide sufficient resources ill the event of adverse conditions. The trustees have also examilled other operational and business risks Ivhich they face and confirtll that they have established systems to tllitigate the 5igllificant risks. 14
DoGUSign Envelope ID." 4119EA4A.595047A5AF37-03DBA319A40A KINDHEART NOTF.S TO THF. FINANCIAL STATEMF.NTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. RESERVES POLICY The trustees have considered the level of reserves theywish to retain, appropriate to the ehiirity's needs. This is based on the charity's sizc and the levcl of financial commitments bcld. The trustees aim to ensure tbe charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. 11. PUBLIC BENEFIT The Charity acknowledges its requirement to demoll5trate clearly tbat it must bave charitable purposes or "aim5" that are for the public benefit. Detai15 of hoiv the Charity has achieved this are provided in the Trustees, Report. The trustees confirm that they have paid due regard to the Charity ComTnis5ion guidance on public benefit before deciding M'hat aclivitie5 the charity should undertake. 12. CAPITAL EXPENDITURE COMMITMENTS There were no capital con)mitment$ outstanding as al 31 December 2024 (31.12.23:£nil). 15