THE KM FOUNDATION CHARITY NUMBER 1189487 TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 PSG Bowdens
THE KM FOUNDATION Charity Number 1189487 Period ended 31 March 2021 Index Page8 TNstses and Adviser8 Trust8es' Annual Réport statement of Financlal Activities 8alance She6t Notes to the Accounts Independent Examinerf$ Report Page 1
THE KM FOUNDATION Charfty Number 1189487 Perlod ended 31 March 2021 Trustaas and Adviser8 TRUSTEES: Mr Kumar Muthal8gappan (Appointed 3110112020) Mrs Kannahl Muthalagappan IAppointsd 31101120201 Mr Devavratha Muthalagappan (Appointed 3110112020) Mlss Seetha Muthalagappan {Appolnted 31101120201 Mr Paul Taylor (Appointed 31101120201 Mr Subramanryan Meyyappan {Appointed 0710512020) SECRETARY: P A Tayh)r FFA FfA FPFS OFFICE: 100 High Street Evesham Worce$tershiTe JR114EU INDEPENDENT EXAMINER: G Getting FCA FFA PSG BNdens LLP 100 High Street Evesham IP4Tr114EN BANKERS: 8arday8 Bank PIC Floor 6. One Snovthlll Snow HIS1 Queensway Bimingham 84 8GN Page 2
THE KM FOUNDATION Charity Number 1189487 Poriod anded 31 March 2021 Trusteo5' Annual Report The Trustees present theyr report and accounts for the period ended 31* March 2021. The accounts comply with Gurrent ststLrtory requirements and the Statement of Recommended Practic6 "A¢countlng and Reporting by Ch8ritres'. The Charitsble Incorporated Organlsatlon (CIO), called The KM Foundation (1189487) was registered with the Ctwitles Commission on 14th May 2020. Trustses The Trustees in office during the financlal periodand at the date of the report are recorded on page Objectlves and Actlvltl•g The Trust was founded to make charitable donations for the publlc benefit that are exclu81vely charitsble aco)rdlng to law8 of England and Vlales a8 the charlty tru8tee8 may from time to tlme datermine. The Tru8tees actlvitle8 In this period were r88tri¢ted to setting up the charity and liaiging with extemal professional advisers. Thls Induded the weparation of polKte$ and procedures which 18 an ongoing and dynamic process. Two donallons were receNed after year end, suffident to cover the cost of external advlsers. In the next pèriod the trustees wll begin to develop their fund and deal with the larg8 numb8r of 8pplication8 made for grants. Publlc Benefft The TnJ8te8s conflrni that they have complied with the duty In Sectlon 17(5) of the 2011 Charftles Act to have due regard to guidance issued by the Charity Commission on publlc benèfit when deciding on the ¢harty'8 activtts'es. Statement of Tru8te••' Regponslblllts• The Tru8tee8 are responsible for prepadng the Trustees, Annual Report and the accounts in accordance wrth applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢¢èpted Accounting Practtce). The law applicabl8 to chariti83 in EnglarKI arKI Wala8 wuires th8 Trustees to prepare accounts for each financial year which give a true and fair vivw of the state of affairs of the Charfty arKI of the incoming resource8 and application of résources of the Charity for that perf¢XI.
THE KM FOUNDATION Charlty Numbar 1189487 Perlod ended 31 March 2021 Trusta8s' Annual Report (contlnued) In preparing these accounts. the Trustees are required to". select surtable accounting policies and then apply ttM consi$tenUy; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent.. Stste whether applicable accountsng stsndard8 have bean followed, 8ubiect to 8ny material departures disclosed and explained in the financial statements., prepare the accounts on the going concem basis unless it is inappropriate to wesume th8t the Chanty will continue in operation. The Tru8t8es are responsible for keeping proper accounts.ng records that disclo88 with reasonable accuracy at any time the finanal position of the Charrty and enable Ihem to ensure Ihat the financial statements comply with the Charltie8 Act 2011 and the Charity (Accounls and Report81 Regu181ions 2008. The Trustee$ are also responsible for safeguarding the assels of the Charity and hence for tsking reasonable step8 for the prevention and detection ol traud and other irragulartties. Governance of th• Charlty The Trust holds a General Meetlng on an annual basis. at which the Trustees are elected. In addition, the meeting considers the accounts for the preceding year and ¢onsiders the Trustees, Report on the activitie5 during the year. The Trustee8 al80 meet during the year to con81d8r and authoris8 operational and Btrategic matter8. By ordèr of the Tru8tee6'. P Taylor: a8 Trustae. Dated: Page 4
THE KM FOUNDATION Charlty Number 1189487 Perlod ended 31 March 2021 Statsment of Flnancial AGlivitles Unrestrl 2021 Restrirted 2021 2021 Intome". Donatlons Tax refunds Total 3,960 3,960 990 4,950 4,950 Expendlture: Morketing Professk>nal Fees AccountanLy Total 1,020 1,020 600 4,560 4.560 Net mov¢ment In funds 390 39) Total funds brought forward Total funds carrled fonvard 390 390 Page 5
THE KM FOUNDATION Charity Number 1189487 Perlod ended 31 March 2021 Balance She•t nr Restrict 2021 Total 2021 2021 Current Assgts Debtor5 4,950 4.950 4,950 4,950 Current Uabilitles Accruals and deferred Income 4,560 4,560 4.560 4,560 Totsl net •5sets 390 Represented by Fund5 31 390 Approved by the Trustees and Signed on their behalf by.. P Taylor: Dated.. 3021 Pag8 8
THE KM FOUNDATION Charty Number 1189487 Perfod ended 31 March 2021 Notss to the Accounts: 1. Ba818 of Preparatlon The KM Foundation meets the definition of a publrc benefft enty under FRS 102. These accounts have been prepared In accordance with Accounting and Repjrting by Charities.. Statement of Recommended Prath'ce, applicable to chartti88 preparing thelr accounts in accordance with the Financial Reporting Stsndard applicable In the UK and Republic of Ireland (FRS 102), and the Chanties Act 2011. The financial statements are prepared on a going concem basls under the hlstorfcal cost convention, unless otherwise ststed in the relevant accounting pollcy note. The financial statement8 aro pr8$8nted in Sterflng. which is the functional curroncy of tho charty. 2. Accountlng Pollcles All income is crédited to lurKl$ of the Trt In the year In whlch It is rncèfvable. All expenditure are recogni38d a$ soon 88 there is a legal or constructlv8 obltgatlon committing the charity to pay out re80urces and are directly attribuled to one of the functional ¢ategorl8$ of re80ur¢es expended. The Trust is not registered for value added tax, and 80 all suth tax patd is charged to the 8tatem8nt of financlal activities, a8 part of the expenditure to which it relate8. Unre8tricted fund8 ¢omwise accumulated SUlUs88 on the general funds and arn avallable to U80 At the discretion of the TnJ8tee8 in furtherance of the general charltable otyectlv68. Re8trfcted funds are to be used in accordance wlth Specffic re8trictlon8 Imposed by the donor. 3. Donatlon• 2021 Donation8 receivedlcomrnitted from th• UK Donatlons made in the UK 4. Tru8ts08' remun•ratlon, nefft$ and •xpens No trustses recetved any remuneration or other b8n8fts or exp8n3es for the perlod ended 31•t March 2021. 5. Fees for the Examlnallon of the Accounts 2021 Independent Examinerfs fee 600 Page 7
THE KM FOUNDATION Charity Number 1189487 Period 0nd¢d 31 March 2021 6. Related party transaction There were no related party transacts'ons in the perioj. 7. Control The charity is under control of its trustses. Page 8
THE KM FOUNDATION Charity Number 1189487 Perlod ended 31 March 2021 Independent Examiner's Report To the Trustees of The KM Foundation I report on the accounts of th8 Charity for the period ended 31 Mard) 2021. which are set out on pagès 2 to 8. Re8pon8lbllStlos and buls of r•port As the ¢harity trustees of the Trust you are spOnsIble for th8 preparatlon of the accounts In accordance with the requir8ment8 of the Chariiies Act 2011 (Ihe A¢V). I report in respect of my examination of the Trusf8 accounts carried out under section 145 of th 2011 Act and in carying out my examination I have followed all the 8ppllcablè DIreCtn6 given by the Ch8Tity Commission under section 145(5)(b) of the Act. Indopendont exam1n• •tatoment I have completed my examination. I confimi that no material mattern have come to my 8tt8ntion in connectlon whh th8 8xamlnatlon glvlng me ¢au8e to believe that in any material respect: 1. accountlng COrdS were not keFrt in resport of the Trust a8 required by 80Ction 130 of the Act., or 2. the accounts do not accord with those records., or 3. th8 accounts do not comply with the applicable requlrements conceming the form and content of accounts set out In the CharytK?s (AUnts and Reports} Regulations 2008 other than any requirement that the accounts give a true and fair view which 18 not a matter ¢on8lder8d a$ part of an independent examlnatlon. I have no concem8 and have come 8¢ros8 no other mattern In connectlon with the examlnation to whlch attentlon Should be drawn In this report in order to enable a proper urJ8r8t8nding of the accounts lo be reached. Ginette G8ttlng FCA FFA PSG Bowdens LLP 100 Hlgh Street Evesh8m, Worc88t8r8hire W1114EU Dated. 14311 Page 9