## **KARUNA ACTION**
## **Trustees Report and Financial Statements**
**1[st] January to 31[st] December 2022**
**Registered Charity: 1185570**
Karuna Action, 11 Wellington Street, Aldershot, Hampshire, GU11 1DX T: +44 (0) 1252 333233 F: +44 (0) 1252 310814 office@karunaaction.org www.karunaaction.org Registered charity: 1185570
Accounting year 1[st] January to 31[st] December 2022
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Karuna Action
## **CONTENTS**
Page
|**Contents**|**1**|
|---|---|
|**Chairman’s Report**|**2**|
|**Trustees Report**|**3-6**|
|Legal details|3|
|Objectives and activities|3|
|Public benefit|3|
|Structure, Governance and Management|4|
|Review of the financial period|4|
|Achievements and Performance|4|
|Karuna Coffee|5|
|Volunteer Support|5|
|Future Strategic Plans|5|
|Funds in Deficit|5|
|Related Charities|5|
|Government Grants|5|
|Donation Policies|5|
|Investment Powers|6|
|Review and Management of Risks|6|
|Reserves|6|
|Responsibilities of the Trustees|6|
|**Independent Examiners Report**|**7**|
|**Statement of Financial Activities**|**8**|
|**Balance Sheet**|**9**|
|**Notes to the Financial Statements**|**10-14**|
|Note 1
Accounting Policies|10|
|Note 2
Expenditure by type and activity|11|
|Notes 3-7
SOFA notes|12|
|Notes 8-11
Balance sheet notes|13|
|Note 12
Movement of Unrestricted|14|
|and Restricted funds||
Accounting year 1[st] January to 31[st] December 2022
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Karuna Action
## **CHAIRMAN’S REPORT**
2022 and start of 2023 were a return to the more familiar patterns of activity post pandemic with an increase in local action and the further development of the coffee house. It was also a time of reflection on how the core activities are in line with the principles and vision of the charity.
It was a year of change with Lewis Tonks moving on from working in the roastery. This led to an evaluation of coffee production and a decision to reduce production, stop coffee subscriptions and just continue roasting for local people and the coffee house. This led to a re-development of the roastery area into an extension of the coffee house. This in turn has increased the need for additional part-time staffing alongside the volunteers who work in the coffee house.
In the coming year there is a need for travel to visit partners to ensure that we have strong continuing relationships with our partner projects. Financially the reduction of coffee production and the change in staffing has supported the growth of our reserves.
I would like to thank all the staff at Karuna and in particular Simon and Jess for their hard work and dedication in ensuring that Karuna's vision to support people in poverty is fulfilled.
Paul Walsh
.
Accounting year 1[st] January to 31[st] December 2022 3 of 14
Karuna Action
## **TRUSTEES REPORT**
The trustees present their report and the financial statements for the year from 1[st] January to 31[st] December 2022.
## **LEGAL DETAILS**
## **Trustees**
Anna Bland Clare Brown Paul Clements Resigned November 2022 George Dowdell Martin Hannington Catherine Harris Catherine Raine Paul Walsh (Chairman)
## **Director**
Simon Hannington
## **Address**
11 Wellington Street Aldershot Hampshire GU11 1DX
## **Bankers**
Cooperative Bank PLC PO Box 250 Delph House, Southway Skelmersdale, WM8 6WT
## **Independent Examiners Ltd**
Unit 2 The Broadbridge Centre Delling Lane Bosham West Sussex PO18 8NF
## **Email**
office@karunaaction.org
## **OBJECTIVES AND ACTIVITIES**
Our Objective is to be a voice of justice for the oppressed, ending poverty through compassion in sustainable communities and to bring the message of the gospel to a new generation. Our faith calls us to “remember the poor” (Galatians 2:10) and we aim to do this through the relief of poverty and suffering throughout the world. The main activities and aims for the public benefit are:
|**Activities**||**Aims**|
|---|---|---|
|Education and||To ensure that children are able to receive a good education to secondary level or higher|
|Youth||education in some cases.|
|Income Generation||To give families the opportunity of setting up a small business to provide for or supplement|
|||family income.|
|Health Care||To provide healthcare for those without easy access or the financial ability.|
|Orphans/Widows||To care for children who do not have anyone else to care for them.|
|Emergency Relief||Relief for those affected by war, drought and natural disasters.|
|Community Action||To work with local communities in the Aldershot area and the United Kingdom generally.|
|||To set up and run a community coffee shop for the benefit of the local community and to|
|||generate funds to further the work of the charity.|
|Raising Awareness||To raise awareness to the public of the effects of poverty around the world and to encourage|
|||people to get involved.|
## **PUBLIC BENEFIT**
In determining our programmes, we have to regard both the Charity Commission’s general guidance on public benefit and prevention and relief of poverty for the public benefit. The trustees ensure that our programmes are in line with our charitable objects and aims.
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Karuna Action
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The name of the charity is KARUNA ACTION. It was formerly known as KINGSCARE, the name being changed in February 2012. The charity was formerly governed by the Declaration of Trust dated 21st October 1998 and registered with the Charity Commission as charity number 1072613.
On the 30[th] of September 2019, the charity registered with The Charity Commission as a C.I.O. (Charitable Incorporated Organisation) number 1185570. The charity name and objects remain unchanged.
New trustees are appointed by a resolution of the Trustees at a meeting of the Trustees at which there is a majority of the Trustees present. New Trustees meet with the chairman of the Trustees and the Director and are given copies of the accounts for the last 3 years, minutes of Trustee meetings, a copy of the governing trust deed and a copy of the relevant Charity Commission booklet.
The Trustees meet formally once or twice a year, though these meetings can be supplemented by Focus Groups on particular aspects of the charity each consisting a few trustees. All trustees are entitled to attend these Focus Groups. In addition the director makes extensive use of email facilities to keep trustees up to date on projects and developments.
Trustees are responsible for strategic decisions taking into account the advice of the director and his team. The Trustees along with the director are responsible for making major decisions on donations to partners and overseeing the expenditure of the charity. Our Trustees are unpaid, and details of any Trustee expenses are disclosed in the notes to the accounts.
The Director and his team are responsible for day-to-day operations, making minor changes to grants, controlling expenditure and monitoring the effectiveness of projects. The Director meets regularly with the chairman of the Trustees and other Trustees as appropriate.
## **REVIEW OF THE PERIOD**
Our income for the year January to December 2022 was around £427,000. Most of this income originates from individuals and churches in the United Kingdom. Total resources expended were approximately £434,000.
The main ministry of Karuna Action continues to be the relief of poverty throughout the world and the United Kingdom through the support of our partners who are Christian churches or organisations in Albania, Democratic Republic of the Congo, India, Mongolia, Peru, Russia, Sri Lanka, Uganda and Zambia.
Most fundraising activities have been through the distribution of leaflets and newsletters. A few supporters also initiated small fund-raising events on a voluntary basis and passed on the proceeds to Karuna Action.
The Trustees consider Karuna Action as a going concern and are committed to the charity’s growth and development.
## **ACHIEVEMENTS AND PERFORMANCE**
Financial accounts do not directly measure the impact of the charity upon human lives. The main projects have a direct impact on the lives of thousands of children, adults and families. Praise God for the effect of the following projects on the lives of people:
## **Education and Youth:**
- Helping around 500 children to get a good education in Albania, Sri Lanka, India, Congo, Uganda, Peru, and Mongolia.
- Sponsorship of university and college students in Mongolia, Sri Lanka, Uganda, and Zambia.
- Further provision of costs for the building and equipping of a school in Kampala, Uganda.
- School support programmes in Uganda and in the Democratic Republic of the Congo.
- Community development through healthcare, education, and income generation in Delhi, India.
## **Health Care:**
- Clinics in Sri Lanka, Uganda and Zambia.
## **Orphans/Widows:**
- We are responsible for the majority of funding for a Children’s Home in Albania.
- Supporting homes for children in India, Sri Lanka, and Uganda.
- Support towards the running costs of a centre for the homeless people from the Caucasus region.
Accounting year 1[st] January to 31[st] December 2022
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Karuna Action
## **Emergency Relief and Miscellaneous:**
- Covid-19 relief for communities suffering the effects of global pandemic restrictions.
## **Community Action**
- Involvement in setting up and resourcing local food hub to distribute food supplies.
- We are becoming involved with the local community in Aldershot.
## **Raising Awareness**
- Due to the pandemic restrictions in the UK we have not be able to attend events to raise awareness of our charity, this has hugely impacted our ability to raise awareness to new people. However, we have continued to make the needs of our partners know to our existing supporters.
## **KARUNA COFFEE and Coffee Shop**
The selling of Karuna Coffee has grown in this financial period. The main reasons for selling coffee are;
- To support independent growers in Brazil, Colombia, El Salvador, Guatemala, Honduras, Indonesia, Mexico, Tanzania, Uganda and Zambia.
- To raise awareness by discussion at events of poverty and injustice throughout the world.
- To support the local community through work experience and providing opportunities to young people and asylum seekers.
- As a means of income generation for the work of Karuna Action. In the year sales of coffee and the coffee shop generated a profit of about £46,200.
## **VOLUNTEER SUPPORT**
Karuna Action benefitted from the support of volunteers who undertook various tasks in the governance, administration, and the operation of the coffee shop and bulk coffee distribution.
## **FUTURE PLANS**
Most of our expenditure overseas is committed to existing projects and the plan for 2023 was to maintain those projects. In 2023 we plan to expand the work and scope of Karuna Action by looking for further opportunities and fundraising to meet the expanding needs of our partners and their initiatives.
- We plan to expand our support base by the following methods:
- Through natural growth as people hear about Karuna Action as we are involved in the community and as we host events.
- By actively advancing funding through visits to churches and other groups.
- Making people aware of the needs caused by poverty through campaigning and advocacy.
## **FUNDS IN DEFICIT**
There were no funds with deficits at the end of the financial year.
## **RELATED CHARITIES**
None.
## **GOVERNMENT GRANTS**
There were no government grants in this financial year.
## **DONATION POLICIES**
Donations are made to churches, organisations and individuals where we have a relationship based on trust and mutual respect. Most donations are made as a part of a regular commitment, but they are dependent on donations received into the appropriate restricted fund.
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Karuna Action
## **INVESTMENT POWERS**
The CIO foundation document authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.
## **REVIEW AND MANAGEMENT OF RISKS**
The Trustees review the major risks to which the charity is exposed. A risk register has been established and is updated periodically. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.
## **RESERVES**
We have non-binding commitments to many of our operational projects, largely matched by regular commitments from donors, limiting the requirement to keep reserves. Usable reserves (general fund balance, less fixed assets) at the 31[st] December are around £8,550.
## **RESPONSIBILITY OF THE TRUSTEES**
The trustees are responsible for preparing the trustees report and the financial statements in accordance with applicable law and United Kingdom accounting standards.
Charity law requires the trustees to prepare financial statements for each financial period that give a true and fair view of the state of affairs of the CIO and of the surplus or deficit of the CIO for that period. In preparing those financial statements the trustees are required to:
- Select suitable accounting policies and apply them consistently;
- Make reasonable and prudent judgements and estimates;
- Prepare the financial statement on a going concern basis unless it is inappropriate to presume that the trust will continue to operate.
The trustees are also responsible for:
- Keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the CIO and to ensure that the financial statements comply with applicable law and regulations;
- Safeguarding the charity’s assets;
- Taking reasonable steps for the prevention and detection of fraud;
- Taking all the steps that they ought to have taken in order to make themselves aware of any relevant examination information and to establish that the charity’s examiners are aware of that information.
This report was approved by the Trustees and signed on their behalf
Signature:
Date 31[st] March 2023 Name: P Walsh, Chairman and Trustee
Accounting year 1[st] January to 31[st] December 2022
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Karuna Action
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS**
I report to the trustees on my examination of the accounts of Karuna Action for the period 1st January 2022 to 31st December 2022.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
## **Responsibilities and basis of report**
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified Fellow member of the Association of Charity Independent Examiners.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Signed:
…......................................FCIE
Independent Examiners Ltd Unit 2 The Broadbridge Centre Bosham West Sussex PO18 8NF
Date: 25th May 2023
Accounting year 1[st] January to 31[st] December 2022
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Karuna Action
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **For the Period 1st January 2022 to 31st December 2022**
|Notes
**Income from:**
Donations and legacies
3
Fundraising Activities
3
Charitable Activities
3
Investments
3
Other
3/6
**Total**
**Expenditure on:**
Fundraising Expenditure
2
Charitable Activities
2
**Total**
**Net Income/(Expenditure)**
Total funds brought forward
Transfers between funds
12
**Total funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**January to**
**December 2022**
**January to**
**December 2021**
£
£
**£**
£
39,009
262,281
**301,290**
332,426
-
-
**-**
12
125,859
70
**125,929**
93,465
-
-
**-**
-
-
-
**-**
-|
|---|---|
||**164,868**
**262,351**
**427,219**
**425,903**|
||215
463
**678**
587
160,574
272,933
**433,507**
454,299|
||**160,789**
**273,396**
**434,185**
**454,886**|
||**4,079**
**(11,045)**
**(6,966)**
**(28,983)**
39,351
37,757
**77,108**
106,091
(12,292)
12,292
**-**
-
**31,138**
**39,004**
**70,142**
**77,108**|
**There were no recognised gains or losses for the accounting period other than those included in the Statement of Financial Activities.**
**The notes on pages 10 to 14 form part of these financial statements.**
Accounting year 1[st] January to 31[st] December 2022
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Karuna Action
## **BALANCE SHEET**
## **As at 31st December 2022**
|Notes
**Tangible Fixed Assets**
8
**Current Assets:**
Debtors owing within one year
9
Cash at Bank and In Hand
10
Stock in hand
10A
**Total Current Assets**
**Current Liabilities**
Creditors due within one year
11
**Total Current Liabilities**
**Net Current Assets**
**Total Assets less Current Liabilities**
**The funds of the charity**
Unrestricted Funds
12
Restricted Funds
12
**Total charity funds**|**Unrestricted**
**funds**
**Restricted**
**funds**
**As at 31st**
**December**
**2022**
**As at 31st**
**December**
**2021**
£
£
£
£
**22,591**
**-**
**22,591**
31,560
5,091
11,083
16,174
13,733
3,561
27,969
31,530
36,479
5,361
-
5,361
3,959|
|---|---|
||**14,013**
**39,052**
**53,065**
**54,171**|
||5,467
47
5,514
8,623|
||**5,467**
**47**
**5,514**
**8,623**|
||**8,546**
**39,005**
**47,551**
**45,548**|
||**31,137**
**39,005**
**70,142**
**77,108**|
||31,137
-
31,137
39,350
-
39,005
39,005
37,758
**31,137**
**39,005**
**70,142**
**77,108**|
## **Approved by the Trustees and signed on their behalf**
## **Signature:**
**Date: 31[st] March 2023 Name: P Walsh Chairman and Trustee**
## **The notes on pages 10 to 14 form part of these financial statements.**
Accounting year 1[st] January to 31[st] December 2022
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Karuna Action
## **NOTES TO THE FINANCIAL STATEMENTS**
## **Note 1 ACCOUNTING POLICIES**
## **a) Accounting Convention**
These accounts have been prepared under the historical cost convention with items recognised at
cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been
prepared in accordance with: Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011.
## **b) Fund Accounting**
The balances in the Unrestricted Funds are available for use at the discretion of the Trustees in the furtherance of the charitable objectives and represent the usable reserves of the charity
Restricted funds are subject to specific conditions imposed by the donors. At the period end, any fund deficits are eliminated by a transfer from unrestricted funds unless the Trustees are of the opinion that such deficits will be eliminated by future committed giving.
Expenditure within restricted funds includes direct project development and core costs associated with project development and support allocated according to income received.
Expendable Endowment Funds are those funds which are given to generate income for specific purposes but if the income is insufficient the income from the expendable fund can be used.
## **c) Incoming Resources**
## **Recognition of Incoming Resources**
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the resources and
- the trustees are virtually certain they will receive the resources and
- the monetary value can be measured with sufficient reliability.
## **Incoming Resources with related expenditure**
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
## **Grants and Donations**
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. The CIO has not received any government grants during the accounting period.
## **Tax reclaims on Donations and Gifts**
Incoming resources from tax reclaims are included in the SOFA during the same period as the gift to which they relate
## **Contractual Income and Performance Related Grants**
This is only included in the SOFA once the related goods or services has been delivered
## **Gifts in Kind**
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
## **Donated Services and Facilities**
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
## **Volunteer Help**
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report
## **Investment Income**
This is included in the accounts when receivable.
## **Investment gains and losses**
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the period.
## **d) Resources Expended**
All expenditure is accounted for on an accruals basis unless indicated otherwise and includes VAT where relevant.
- “ **Fundraising expenditure** ” consists of expenditure incurred in motivating supporters to give to the ministry of Karuna Action
- “ **Directly attributed Costs** ” consist of expenditure where the charitable activity is directly incurred by Karuna Action.
- **“Reallocation of core costs”** consist of shared costs which contribute directly to more than one fund or charitable activity are apportioned on a basis consistent with the use of resources as follows:
- For all funds core costs are apportioned in relation to the income received by these funds.
## **e) Tangible Fixed Assets and Depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation of tangible fixed assets is calculated to write off the cost over their estimated useful lives as follows:
- Electronic equipment (mostly computers) – 33⅓% per year, straight line.
- Other equipment – 25% per year, straight line.
Accounting year 1[st] January to 31[st] December 2022
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- Second-hand equipment may be depreciated fully in the year in which they are received.
- Vehicles are depreciated over a period decided by trustees (presently 15% reducing balance).
- Improvements to property are depreciated over the remaining period of the lease.
## **f) Transfers between funds**
Where restricted funds have a deficit at the end of the accounting period, transfers are made from unrestricted funds to make good such deficits with the approval of the trustees.
## **g) Foreign Currencies**
Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balance sheet items denominated in foreign currencies are translated at the rate of exchange prevailing at the period end.
## **h) Pension Contributions**
The trust participates in a defined contribution pension scheme and the pension charge represents the amount payable by the trust to the fund in respect of the period.
## **i) Operating Leases**
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.
|**Note 2 - Expenditure by type of fund**
**Fundraising Expenditure**
**Charitable Activities:**
**Directly attributable Costs**
Project Expenditure
Coffee cost of Sales
Community Action
**Subtotal**
**Core costs**
Personnel expenditure
Premises expenditure
Office expenditure
Governance
Reallocation of Core costs
**Subtotal**
**Other costs**
Raising Awareness
Depreciation
**TOTAL EXPENDITURE**
**Note 2A - Analysis of**
**Expenditure by Activity**
**Support for**
**Overseas**
**Partner Projects**
£
Fundraising Expenditure
610
Project Expenditure
168,036
Coffee cost of Sales
-
Core costs
55,594
Other Costs
4,201|**Unrestricted**
**funds**
**Restricted**
**Funds**
**January to**
**December 2022**
**January to**
**December 2021**
£
£
**£**
**£**
215
463
**678**
587
3,369
183,712
**187,081**
237,641
79,687
-
**79,687**
52,129
3,366
**3,366**
829|
|---|---|
||**83,056**
**187,078**
**270,134**
**290,599**|
||114,758
-
**114,758**
115,184
21,868
-
**21,868**
17,577
11,197
1,936
**13,133**
15,929
2,137
-
**2,137**
3,909
(83,919)
83,919
**-**
-|
||**66,041**
**85,855**
**151,896**
**152,599**|
||106
-
**106**
-
11,371
-
**11,371**
11,101|
||**160,789**
**273,396**
**434,185**
**454,886**|
||**Community**
**Action in**
**U.K.**
**Raising**
**Awareness**
**of Poverty**
**January to**
**December 2022**
**January to**
**December 2021**
£
£
**£**
**£**
68
-
678
587
22,411
-
**190,447**
237,641
55,781
23,906
**79,687**
52,129
65,011
31,291
**151,896**
152,599
4,912
2,364
**11,477**
11,930
**148,183**
**57,561**
**434,185**
**454,886**|
|**TOTAL EXPENDITURE**
**228,441**||
Accounting year 1[st] January to 31[st] December 2022
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## **NOTES TO THE FINANCIAL STATEMENTS (Continued)**
|**Note**
**Unrestricted**
**funds**
**Restricted**
**funds**
**3**
**Income**
£
£
**Donations and legacies**
Donations Received
36,228
253,741
Donations from Charites
50
8,540
Legacies
2,731
-
**Subtotal**
**39,009**
**262,281**
**Charitable Activities**
Sale of coffee and sales in coffee shop
125,859
70
**Subtotal**
**125,859**
**70**
Fundraising Activities
-
-
Investments (interest on Bank Account)
-
-
Other (Gain on disposal of fixed assets)
-
-
**TOTAL INCOME**
**164,868**
**262,351**
**4**
**Staff Costs and Trustees Remuneration**
Gross Salaries
Employers National Insurance
Employees life insurance
Employers Pension Contributions (see note 5)
The average number of employees during the accounting period was:
No employee received remuneration of more than £60,000 per annum
**Trustees Remuneration**
Trustees’ re-imbursement of expenses
**Related Parties**
Two related parties to Trustee M Hannington:
1 Son - Gross remuneration for role of CEO Director
2 Daughter in law - Gross remuneration for role of Projects/Partnership Co-ordinator
- Employer pension contributions paid on her behalf
Outstanding balances at reporting date
**Key Management Personnel**
The key management personnel comprise the Trustees, the Director and the
Projects and Partnerships Co-Ordinator. The Trustees are not remunerated.
The total employee benefits (including employer national insurance and
employer pension contributions) of the key management personnel of the CIO
were:
**5**
**Pension contributions**
The trust operates a defined contribution pension scheme, with SMART PENSIONS,
available for all employees. The assets of the fund are held separately from those of
the trust in an independently administered fund. There were no unpaid contributions at
the balance sheet date. (Currently 2 employees are in the scheme).
**6**
**Movement in total funds for the year**
This is stated after charging:
Gain on disposal of fixed assets
Loss on disposal of fixed assets
Depreciation of fixed assets
Estimated Independent Examination fee (accrual)
**7**
**Leases**
As at 31 December 2022 the charity had annual commitments under non-cancellable
operating leases between one and five years as follows:
Coffee machine, new lease|**Unrestricted**
**funds**
**Restricted**
**funds**
£
£
36,228
253,741
50
8,540
2,731
-|**January to**
**December 2022**
**January to**
**December 2021**
**£**
£
**289,969**
279,239
**8,590**
18,164
**2,731**
35,023|
|---|---|---|
||**39,009**
**262,281**
125,859
70|**301,290**
**332,426**
**125,929**
93,465|
||**125,859**
**70**
-
-
-
-
-
-|**125,929**
93,465
**-**
12
**-**
-
**-**
-|
||**164,868**
**262,351**|**427,219**
**425,903**|
|||**119,339**
**105,473**
**5,975**
**5,548**
**-**
**46**
**909**
**443**|
|||**126,223**
**111,510**|
|||**4.7**
4.0
**Nil**
Nil
**Nil**
Nil
**Nil**
Nil
33,474
32,820
30,831
30,288
738
361
**Nil**
Nil
**71,857**
69,744
**909**
**443**
**-**
-
**113**
-
**11,258**
11,101
**1,600**
1,500
**5,122**
5,087|
Accounting year 1[st] January to 31[st] December 2022
13 of 14
Karuna Action
## **NOTES TO THE FINANCIAL STATEMENTS (Continued)**
||||**Unrestricted**|**Restricted**|||
|---|---|---|---|---|---|---|
|||**Note**|**funds**|**funds**|**Total Funds**||
||||**£**|**£**|**£**||
|8|**Tangible Fixed Assets**||||||
||**Equipment Cost**||||||
||Balances brought forward at 1st||||||
||January 2022||60,368|-|**60,368**||
||Additions||2,402|-|**2,402**||
||Disposals||(2,315)|-|**(2,315)**||
||**Balances carried forward at**
**31st December 2022**||**60,455**|**-**|**60,455**||
||**Accumulated Depreciation**||||||
||Balances brought forward at 1st||||||
||January 2022||(28,808)|-|**(28,808)**||
||Disposals||2,202|-|**2,202**||
||Charge for year|6|(11,258)|-|**(11,258)**||
||**Balances carried forward at**
**31st December 2022**||**(37,864)**|**-**|**(37,864)**||
||**Net Book Value**||||||
||**Balances carried forward at**
**31st December 2022**||**22,591**|**-**|**22,591**||
||All fixed assets are used for raising funds||and charitable|activities|||
|||||||**As at 31st**|
||||**Unrestricted**|**Restricted**|**As at 31st**|**December**|
||||**funds**|**funds**|**December 2022**|**2021**|
||||£|£|**£**|£|
||**Debtors owing within one**||||||
|9|**year**||||||
||Income Tax Recoverable||**232**|**11,083**|**11,315**|10,318|
||Sundry Debtors owing||**325**|**-**|**325**|301|
||Pre-payments||**4,534**|**-**|**4,534**|3,114|
||**Total**||**5,091**|**11,083**|**16,174**|**13,733**|
|10|**Cash at Bank and In Hand**||||||
||Current Account||3,561|27,969|**31,530**|36,479|
||Cash||-|-|**-**|-|
||**Total**||**3,561**|**27,969**|**31,530**|**36,479**|
|10A|**Stock in hand**||||||
||Stock of Coffee etc for sale||5,361|-|**5,361**|3,959|
||**Total**||**5,361**|**-**|**5,361**|**3,959**|
|11|**Creditors due within one year**||||||
||Sundry Creditors||-|-|**-**|-|
||Credit cards o/s||3,056|47|**3,103**|3,086|
||Accruals||2,411|-|**2,411**|5,537|
||**Total**||**5,467**|**47**|**5,514**|**8,623**|
Accounting year 1[st] January to 31[st] December 2022
14 of 14
Karuna Action
## **NOTES TO THE FINANCIAL STATEMENTS (Continued)**
|**12**|**Movement of**
**Unrestricted and**
**Restricted funds**
**Balances**
**brought**
**forward at 1st**
**January 2022**
**Total**
**Incoming**
**Resources**
**Total**
**Resources**
**Expended**
**Transfers**
**between**
**Funds**
**As at 31st**
**December**
**2022**
£
£
£
£
**£**|
|---|---|
||**General fund**
**39,350**
**164,868**
**(160,789)**
**(12,292)**
**31,137**|
||**Total Unrestricted Funds**
**39,350**
**164,868**
**(160,789)**
**(12,292)**
**31,137**|
||Bethshalom
52
1,506
(1,653)
95
-
Calvary Grace Care
23
5,444
(5,561)
94
-
Child Promotion School
878
44,361
(52,082)
6,993
**149**
Children’s home General
-
3,285
-
**42**
Christmas Fund
1,182
8,737
(9,650)
-
**269**
Clinic General
247
1,690
(1,686)
-
**251**
Clinic Zambia
598
9,235
(10,437)
603
**(0)**
Community Action
1,507
20,020
(19,490)
-
**2,037**
Education General
639
**-**
Education Jinja
-
10,116
-
7,601
-
**114**
Education Sponsorship
248
31,676
(34,564)
2,640
**(0)**
Emergency Relief
-
1,810
-
**153**
Income Generation
126
1,818
(1,940)
-
**5**
Jubilee Society Mongolia
29,993
156
(1,545)
-
**28,604**
Kilibula Primary School
-
-
(1,300)
1,300
**-**
Living Waters Russia
112
3,443
(3,596)
42
**1**
New Beginnings Children's home
2,537
100,143
(95,300)
-
**7,380**
New Generation Delhi
-
4,753
189
**-**
Paula support
35
6,257
(6,409)
116
**(0)**
Raising Awareness
220
300
(100)
(420)
**-**
(3,243)
(10,755)
(7,487)
(1,657)
(4,942)|
||**Total Restricted Funds**
**37,758**
**262,351**
**(273,396)**
**12,292**
**39,005**
**Total Funds**
**77,108**
**427,219**
**(434,185)**
**(0)**
**70,142**|