2023-04-05-accounts - Karma Life

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 6[th] April 2022 Period start date To 5[th] April 2023 Period end date

Charity name: Karma Life

Charity registration number: 1189100

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	THE ADVANCEMENT OF THE HINDU RELIGION FOR THE PUBLIC BENEFIT, THROUGH THE PROVISION OF PRAYER, EDUCATION AND ASSOCIATED RELIGIOUS AND COMMUNITY SERVICES.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	I. ORGANISING YOGA AND MEDITATION WORKSHOPS AND SESSIONS TO SPREAD AWARENESS OF HEALTH AND WELLBEING IN THE COMMUNITY II. PERFORMING RELIGIOUS CEREMONIES AND CONDUCTING PUBLIC WORSHIP AND PRAYER. iii. ORGANISING LECTURES, DISCUSSIONS AND SEMINARS ON HINDUISM, YOGA AND SPIRITUALITY.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	We confirm that the Trustees have had regard to the guidance issued by the Charity Commission on public benefit, in deciding on the activities of the Charity.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Charity is funded by Donor Para 1.38 contributions/Grants. Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and Performance

SORP reference The Trustees are not able to work for the Charity due to family and other situations for a while hence no activity. Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	No formal targets were set with regard to donations and the Charity worked with finding objectives.
Performance of fundraising activities against objectives set	Para 1.41	n/a
Investment performance against objectives	Para 1.41	n/a
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the period, the Charity had £61
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	As the Charity has no ongoing financial commitments, no reserves policy is necessary.
Amount of reserves held	Para 1.22	Nil
Reasons for holding zero reserves	Para 1.22	See above.
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None

Additional information (optional)

Additional information (optional)	Additional information (optional)	Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The Trust is funded solely by Donor contributions or Grants.
Investment policy and objectives including any social investment policy adopted	Para 1.46	n/a
A description of the principal risks facing the charity	Para 1.46	n/a
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed by Donors in guidance with Constitution.

Additional information (optional)

Additional information (optional)	Additional information (optional)	Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	No formal policies and procedures
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	None
Relationship with any related parties	Para 1.51	None
Other

Reference and Administrative details

Charity name Other name the charity uses Registered charity number Charity’s principal address

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (ifany)
Hitesh Harish Rao	Chair	Donor
HemangBhatt	Secretary	Donor
Bhavik Popat	Treasurer	Donor
Vimal Joshi	Joint Treasurer	Donor

– Corporate trustees names of the directors at the date the report was approved Director name n/a

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
n/a

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity

Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser	Name Address	Name Address
n/a

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

n/a

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Hemang Bhatt

Position (eg Secretary, Secretary Chair, etc)

Date 04-5-23