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2023-12-31-accounts

KARUNA ACTION

Trustees Report and Financial Statements

1[st] January to 31[st] December 2023

Registered Charity: 1185570

Karuna Action, 11 Wellington Street, Aldershot, Hampshire, GU11 1DX T: +44 (0) 1252 333233 office@karunaaction.org www.karunaaction.org Registered charity number: 1185570

Accounting year 1[st] January to 31[st] December 2023

1 of 14

Karuna Action

CONTENTS

Page
Contents 1
Chair’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 5
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 & 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 2023 2 of 14

Karuna Action

CHAIR’S REPORT

This year saw the coffee shop going from strength to strength which has enabled more funds to be available for our overseas and local projects. The coffee shop is a safe place for the community in Aldershot and is often a hive of activity.

Over the year, we split the trustees into two distinct groups: one to focus on the financial side of running the charity; and one to be more focused on the projects we support. This has worked well and has enabled us to be more informed as Trustees. The decision was also made to make Jessica a co-director of the charity in honour of her enormous contribution to the work of the charity. In September we had a change of Chair, and this seemed to be a good opportunity for us to review our work and consider the immediate future and reflect on how our core activities are in line with the principles and vision of the charity.

In September there was a visit to our project in Uganda which strengthened our relationship with them. Further visits are in the planning phase both to Uganda and other projects overseas in the coming year.

I would like to thank all the staff at Karuna for all their hard work and dedication in ensuring that Karuna’s vision to support people in poverty is fulfilled. I would also like to thank our willing band of volunteers who keep the coffee shop going alongside Ryan and Aggie (our paid members of staff). Louise has been a huge asset in the office supporting Simon and Jessica in administering the charity. We are blessed to have such a strong team both paid and unpaid who buy into our vision.

We look forward to the coming year with excitement and anticipation of God’s blessing in all that we do.

Katy Harris Chair of Trustees – Karuna Action

Accounting year 1[st] January to 31[st] December 2023 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 2023.

LEGAL DETAILS

Trustees

Anna Bland Clare Brown Matthew Davis George Dowdell Martin Hannington Catherine Harris (Chair) Cathrin Raine Paul Walsh

Directors

Simon Hannington Jessica Davies

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

Education and
Youth

Income
Generation

Health Care

Orphans/Widows

Emergency Relief

Community Action


Raising
Awareness
 Aims
To ensure that children are able to receive a good education to secondary level or
higher education in some cases.
To give families the opportunity of setting up a small business to provide for or
supplement family income.
To provide healthcare for those without easy access or the financial ability.
To care for children who do not have anyone else to care for them.
Relief for those affected by war, drought and natural disasters.
To work with local communities in the Aldershot area and the United Kingdom
generally.
To run a community coffee shop for the benefit of the local community and to generate
funds to further the work of the charity.
To raise awareness to the public of the effects of poverty around the world and to
encourage people to get involved.

PUBLIC BENEFIT

Accounting year 1[st] January to 31[st] December 2023 4 of 14

Karuna Action

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.

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 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 directors make 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 directors. The Trustees along with the directors 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 Directors are responsible for day-to-day operations, making minor changes to grants, controlling expenditure and monitoring the effectiveness of projects. The Directors meet regularly with the chairman of the Trustees and other Trustees as appropriate.

REVIEW OF THE PERIOD

Our income for the year January to December 2023 was around £386,500 Most of this income originates from individuals and churches in the United Kingdom. Total resources expended were approximately £396,000.

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, India, Mongolia, Russia, Sri Lanka, Peru, Uganda, Zambia and the Democratic Republic of the Congo. Most fundraising activities have been through the distribution of leaflets and newsletters. A few supporters can initiate small fundraising events on a voluntary basis and pass 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:

Health Care:

Orphans/Widows:

Accounting year 1[st] January to 31[st] December 2023

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Karuna Action

Emergency Relief and Miscellaneous:

Community Action

Raising Awareness

Karuna Coffee Shop

We sell Karuna Coffee by the bean and cup in the coffee shop. The main reasons for selling coffee are;

VOLUNTEER SUPPORT

Karuna Action benefitted from the support of volunteers who undertook various tasks in the governance, administration, and operation of the coffee shop.

FUTURE PLANS

Most of our expenditure overseas is committed to existing projects and the plan for 2023 was to maintain those projects. In 2024 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.

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.

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.

Accounting year 1[st] January to 31[st] December 2023 6 of 14

Karuna Action

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 at the 31[st] December are £7,351 as represented by net current assets on the balance sheet.

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:

The trustees are also responsible for:

This report was approved by the Trustees and signed on their behalf

Signature:

Date: 29[th] February 2024 Name: C Harris, Chair to the trustees

Accounting year 1[st] January to 31[st] December 2023

7 of 14

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 2023 to 31st December 2023.

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:

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 Business Centre Bosham West Sussex PO18 8NF

14th March 2024

Accounting year 1[st] January to 31[st] December 2023 8 of 14

Karuna Action

STATEMENT OF FINANCIAL ACTIVITIES

For the Period 1st January 2023 to 31st December 2023

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
2023
January to
December 2022
£
£
£
£
53,266
228,180
281,446
301,290
-
-
-
-
105,071
-
105071
125,929
-
-
-
-
-
-
-
-
158,337
228,180
386,517
427,219
24
604
628
678
164,418
230,993
395,411
433,507
164,442
231,597
396,039
434,185
(6,105)
(3,417)
(9,522)
(6,966)
31,138
39,004
70,142
77,108
-
-
-
-
25,033
35,587
60,620
70,142

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 2023

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Karuna Action

BALANCE SHEET

As at 31st December 2023

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 Assetas
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
2023
As at 31st
December
2022
£
£
£
£
17,682
-
17,682
22,591
4,919
12,880
17,799
16,174
4,216
22,754
26,970
31,530
2,769
-
2,769
5,361
11,904
35,634
47,538
53,065
4,553
47
4,600
5,514
4,553
47
4,600
5,514
7,351
35,587
42,938
47,551
25,033
35,587
60,620
70,142
25,033
-
25,033
31,137
-
35,587
35,587
39,005
25,033
35,587
60,620
70,142

Approved by the Trustees and signed on their behalf

Signature:

Date: 29[th] February 2024

Name: C Harris, Chair to the trustees

The notes on pages 10 to 14 form part of these financial statements.

Accounting year 1[st] January to 31[st] December 2023

10 of 14

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:

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.

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:

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.

Accounting year 1[st] January to 31[st] December 2023

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Karuna Action

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 C.I.O. participates in a defined contribution pension scheme and the pension charge represents the amount payable by the C.I.O. 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
Unrestricted
funds
Restricted
Funds
January to
December
2023
January to
December
2022
£
£
£
£
Fundraising Expenditure
24
604
628
678
Charitable Activities:
Directly attributable Costs
Project Expenditure
-
162,543
162,543
187,081
Coffee Shop cost of Sales
81,402
-
81,402
79,687
Community Action
44
-
44
3,366
Subtotal
81,446
162,543
243,989
270,134
Core costs
Personnel expenditure
98,308
-
98,308
114,758
Premises expenditure
27,006
-
27,006
21,868
Office expenditure
12,042
-
12,042
13,133
Governance
2,986
-
2,986
2,137
Reallocation of Core costs
(68,450)
68,450
-
-
Subtotal
71,892
68,450
140,342
151,896
Other costs
Raising Awareness
-
-
-
106
Depreciation
11,080
-
11,080
11,371
TOTAL EXPENDITURE
164,442
231,597
396,039
434,185
Note 2A - Analysis of
Expenditure by Activity
Support for
Overseas Partner
Projects
Community
Action in U.K.
Raising
Awareness
of Poverty
January to
December
2023
January to
December
2022
£
£
£
£
£
Fundraising Expenditure
C
604
17
7
628
678
Charitable Activities:
Directly attributable Costs
Project Expenditure
O
162,543
-
-
162,543
187,081
Coffee Shop cost of Sales
C
-
56,981
24,421
*81,402
79,687
Community Action
C
-
31
13
44
3,366
Subtotal
162,543
57,012
24,434
243,989
270,134
Core costs
Personnel expenditure
P
47,516
38,504
12,289
98,308
114,758
Premises expenditure
F
8,102
18,904
-
*27,006
21,868
Office expenditure
G
5,018
6,272
753
12,042
13,133
Governance
G
1,244
1,555
187
2,986
2,137
Subtotal
61,879
65,235
13,228
140,342
151,896
Other costs
Raising Awareness
C
-
-
-
*-
106
Depreciation
G
4,617
5,771
693
11,080
11,371
TOTAL EXPENDITURE
229,643
128,035
38,361
396,039
434,185
Basis of Spit between headings
C**
Use of Coffee shop and Community Action		 Note 2 - Expenditure by type of fund
Unrestricted
funds
Restricted
Funds
January to
December
2023
January to
December
2022
£
£
£
£
Fundraising Expenditure
24
604
628
678
Charitable Activities:
Directly attributable Costs
Project Expenditure
-
162,543
162,543
187,081
Coffee Shop cost of Sales
81,402
-
81,402
79,687
Community Action
44
-
44
3,366
Subtotal
81,446
162,543
243,989
270,134
Core costs
Personnel expenditure
98,308
-
98,308
114,758
Premises expenditure
27,006
-
27,006
21,868
Office expenditure
12,042
-
12,042
13,133
Governance
2,986
-
2,986
2,137
Reallocation of Core costs
(68,450)
68,450
-
-
Subtotal
71,892
68,450
140,342
151,896
Other costs
Raising Awareness
-
-
-
106
Depreciation
11,080
-
11,080
11,371
TOTAL EXPENDITURE
164,442
231,597
396,039
434,185
Note 2A - Analysis of
Expenditure by Activity
Support for
Overseas Partner
Projects
Community
Action in U.K.
Raising
Awareness
of Poverty
January to
December
2023
January to
December
2022
£
£
£
£
£
Fundraising Expenditure
C
604
17
7
628
678
Charitable Activities:
Directly attributable Costs
Project Expenditure
O
162,543
-
-
162,543
187,081
Coffee Shop cost of Sales
C
-
56,981
24,421
*81,402
79,687
Community Action
C
-
31
13
44
3,366
Subtotal
162,543
57,012
24,434
243,989
270,134
Core costs
Personnel expenditure
P
47,516
38,504
12,289
98,308
114,758
Premises expenditure
F
8,102
18,904
-
*27,006
21,868
Office expenditure
G
5,018
6,272
753
12,042
13,133
Governance
G
1,244
1,555
187
2,986
2,137
Subtotal
61,879
65,235
13,228
140,342
151,896
Other costs
Raising Awareness
C
-
-
-
*-
106
Depreciation
G
4,617
5,771
693
11,080
11,371
TOTAL EXPENDITURE
229,643
128,035
38,361
396,039
434,185
Basis of Spit between headings
C**
Use of Coffee shop and Community Action		 Unrestricted
funds
Restricted
Funds
January to
December
2023
January to
December
2022
£
£
£
£
24
604
628
678
-
162,543
162,543
187,081
81,402
-
81,402
79,687
44
-
44
3,366
81,446
162,543
243,989
270,134
98,308
-
98,308
114,758
27,006
-
27,006
21,868
12,042
-
12,042
13,133
2,986
-
2,986
2,137
(68,450)
68,450
-
-
71,892
68,450
140,342
151,896
-
-
-
106
11,080
-
11,080
11,371
164,442
231,597
396,039
434,185
Community
Action in U.K.
Raising
Awareness
of Poverty
January to
December
2023
January to
December
2022
£
£
£
£
17
7
628
678
-
-
162,543
187,081
56,981
24,421
81,402
79,687
31
13
44
3,366
162,543 57,012
24,434
243,989
270,134
47,516
8,102
5,018
1,244		 38,504
12,289
98,308
114,758
18,904
-
27,006
21,868
6,272
753
12,042
13,133
1,555
187
2,986
2,137
61,879 65,235
13,228
140,342
151,896
-
4,617		 -
-
-
106
5,771
693
11,080
11,371
229,643 128,035
38,361
396,039
434,185
Use of Coffee shop and Community Action

F Use of Floor Area G** Split according to Income

O* Overseas Projects

P* Use of Personnel costs

Accounting year 1[st] January to 31[st] December 2023

12 of 14

Karuna Action

NOTES TO THE FINANCIAL STATEMENTS (Continued)

Note
Unrestricted
funds
Restricted
funds
January to
December
2023
January to
December
2022
3
Income
£
£
£
£
Donations and legacies
Donations Received
53,266
217,419
270,685
289,969
Donations from Charites
-
8,700
8,700
8,590
Legacies
-
2,061
2,061
2,731
Subtotal
53,266
228,180
281,446
301,290
Charitable Activities
Sales in coffee shop
105,071
-
105,071
125,929
Other
Fundraising Activities
-
-
-
-
Investments (interest on Bank Account)
-
-
-
-
Other (Gain on disposal of fixed assets)
-
-
-
-
TOTAL INCOME
158,337
228,180
386,517
427,219
4
Staff Costs and Trustees Remuneration
Gross Salaries
121,178
119,339
Employers National Insurance
3,834
5,975
Employers Pension Contributions (see note 5)
1,126
909
126,138
126,223
The average number of employees during the accounting period was:
5.0
4.7
No employee received remuneration of more than £60,000 per annum
Nil
Nil
Trustees Remuneration
Nil
Nil
Trustees re-imbursement of expenses
Nil
Nil
Related Parties
Two related parties to Trustee M Hannington:
1 Son - Gross remuneration for role of Director
35,824
33,474
2 Daughter in law (6 months of 2023 only) - Gross remuneration for role of
Director.
16,532
30,831
- Employer pension contributions paid on her behalf
402
738
Outstanding balances at reporting date
Nil
Nil
Key Management Personnel
The key management personnel comprise the Trustees and the Directors.
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:
78,384
71,857
5
Pension contributions by employer
The C.I.O. 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 C.I.O. in an independently administered fund. There
were no unpaid contributions at the balance sheet date. (Currently 2 employees
are in the scheme).
1,126
909
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
247
113
Depreciation of fixed assets
10,833
11,258
Estimated Independent Examination fee (accrual)
1,800
1,600
7
Leases
As at 31 December 2023 the charity had annual commitments under non-cancellable
operating leases between one and five years as follows:
Coffee machine
5,263
5,122		 Unrestricted
funds
Restricted
funds
£
£
53,266
217,419
-
8,700
-
2,061		 January to
December
2023
January to
December
2022
£
£
270,685
289,969
8,700
8,590
2,061
2,731
53,266
228,180
105,071
-
-
-
-
-
-
-		 281,446
301,290
105,071
125,929
-
-
-
-
-
-
158,337
228,180		 386,517
427,219
121,178
119,339
3,834
5,975
1,126
909
126,138
126,223

Accounting year 1[st] January to 31[st] December 2023 13 of 14

Karuna Action

NOTES TO THE FINANCIAL STATEMENTS (Continued)

Unrestricted Restricted
Note Note funds funds Total Funds
£ £ £
8 Tangible Fixed Assets
Equipment Cost
Balances brought forward at 1st
January 2023 60,455 - 60,455
Additions 6,171 - 6,171
Disposals (2,502) - (2,502)
Balances carried forward at
31st December 2023		 64,124 - 64,124
Accumulated Depreciation
Balances brought forward at 1st
January 2023 (37,864) - (37,864)
Disposals 2,255 - 2,255
Charge for year 6 (10,833) - (10,833)
Balances carried forward at
31st December 2023		 (46,442) - (46,442)
Net Book Value
Balances carried forward at
31st December 2023		 17,682 - 17,682
All fixed assets are used for raising funds and charitable activities
As at 31st As at 31st
Unrestricted Restricted December December
funds funds 2023 2022
£ £ £ £
Debtors owing within one
9 year
Income Tax Recoverable 1,078 12,880 13,958 11,315
Sundry Debtors owing 195 195 325
Pre-payments 3,646 3,646 4,534
Total 4,919 12,880 17,799 16,174
10 Cash at Bank and In Hand
Current Account 4,216 22,754 26,970 31,530
Cash - - - -
Total 4,216 22,754 26,970 31,530
10A Stock in hand
Stock of Coffee etc for sale 2,769 - 2,769 5,361
Total 2,769 - 2,769 5,361
11 Creditors due within one year
Sundry Creditors - - - -
Credit cards o/s 1,616 47 1,663 3,103
Accruals 2,937 2,937 2,411
Total 4,553 47 4,600 5,514

Accounting year 1[st] January to 31[st] December 2023

14 of 14

Karuna Action

NOTES TO THE FINANCIAL STATEMENTS (Continued)

12 Movement of Unrestricted
and Restricted funds
Balances
brought
forward at 1st
January 2023
Total
Incoming
Resources
Total
Resources
Expended
Transfers
between
Funds
As at 31st
December
2023
£
£
£
£
£
General fund
31,137
158,337
(164,441)
25,033
Total Unrestricted Funds
31,137
158,337
(164,441)
0
25,033
Bethshalom
0
1,791
(1,703)
88
Calvary Grace Care
0
300
(257)
43
Child Promotion School
149
53,887
(47,745)
6,292
Childrens home General
43
3,397
(3,061)
379
Christmas Fund
269
3,070
(2,911)
428
Clinic General
251
1,570
(1,738)
83
Clinic Zambia
0
5,244
(4,942)
302
Community Action
2,037
2,030
(3,737)
330
Education General
0
10,782
(10,306)
476
Education Jinja
114
6,357
(6,152)
319
Education Sponsorship
0
26,509
(25,384)
1,125
Emergency Relief
153
8,343
(7,998)
498
Income Generation
5
1,384
(1,279)
110
Jubilee Society Monglolia
28,604
69
(13,752)
14,921
Living Waters Russia
0
3,443
(3,125)
318
New Beginnings Children's
home
7,380
90,764
(89,115)
9,029
New Generation Delhi
0
3,425
(3,244)
181
Paula support
0
5,515
(5,060)
455
Raising Awareness
0
300
(90)
210
Total Restricted Funds
39,005
228,180
(231,599)
0
35,587
Total Funds
70,142
386,517
(396,040)
0
60,620