THE KM FOUNDATION CHARITY NUMBER 1189487 TRUSTEES. ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 PSG Bowdens
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Index Pages Trustees and Advisers Trustees, Annual Report &5 Statement of Financial Activities Balan Sheet Notes to the Accounts 8-9 Independent Examinerfs Report 10 Page 1
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 TteeS and Advisers TRUSTEES: Mr Kumar Muthalagappan OBE Mrs Kannahi Muthalagappan (ReSned 15108125) Dr Devavratha MLrthalagappan Dr Seetha Sweetnam Mr Paul Taylor Mr Subramaniyan Meyyappan (Resigned 151081251 Mr Dhamaraja Muthalagappan (AppJinted 15108125) OFFICE: Unit 14 Craycombe Fami Evesham Road Fladbury Worcestershire 14NR10 2QS INDEPENDENT EXAMINER: G Getting FCA FFA PSG Bowdens LLP Unit 14 Craycombe Fa Evesham Road Fladbury Worcestershire WA110 2QS BANKERS: Bardays Bank PIC Floor 6. One Snowhill Snow Hill QunSwaY Bimingham B4 6GN INVESTMENT MANAGERS: Bardays Wealth Management Floor 6, One Snowhill Snow Hill Queensway Binningham B4 6GN
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Trustees. Annual Report The Trustees present their report and accounts ft)r the year ended 3191 March 2025. The accounts compty with current statutory requirements and the Statement of Recornmended Practi °Accounting and Reporting by Chartb'es.. The Charitable Incorporated Organi&*ion (CIO), called The KM Foundation (1189487) was registered with the Charitses ComMissn 14Jt May 2020 Trustees The Trustees in office during the financial year ar¥J at the date of the repjrt are recorded on page 2. Objectives and Activities The Trust was founded to make charitabk donations for the public benefit that are exclusively charitable according to the laws of England aThJ Wales as the charty trUStS may from time to time detemiine. Publlc Beneflt The Trustees confirm that they have complied with the duty in sertion 17(5) of the 2011 Chanties Act to have due regard to guidan issued by the Charity Commission on public benefit wh8n deciding on the Gharty's activities. Fundraising Activities The trust does not engage in any fijndraising activities (as defird by section 162A of Charities Ad 2011). Achievemen¢ Perforniance & Financial Review The trustees have made a number of charltable donations to projects that meet wth our obJ"ectives. These are principally to improve people's lives through projects in education, healthcare and the comrnunrty. The first two projects. an educational one wtlh The Chalk Music FestNal and an educational and communty project with The London Music Fund had started during the year to 31st March 2025. For the year to 31si March 2026 the trustees are looking at two other projects. These are the eyesight healthcare project with Orbis and the tratheostomy healthcare project wtth Professor G Sandhu of The London Clini Reserves Policy It is the intention of the trustees to establish surtabie projects to support wtth grants on a regular basis and it is therefore Considered imp)rtant to retain a reasonable level of reserves. On establishing a proje¢t surtable for supporL where this may extend over several year5, a reserve requirement wll estsblthd on a projed-by-project basis. Page 3
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Investment Policy The KM Foundation has no restricted funds, and a total retum approath is used for the managemenl of the investment portfolio. Barclays Wealth Management have been appointed as investment managers during the financial year and they provide quarterly updates and an annual rekxjrt for the trustees to review at the annual Trustees, Annual Report {corrtinued) trustee meèting. The appointment as investment managers will be revieNved annually at the trustee meeting. All income is generated from assets which are unrestricled. Grant Making Policy The trustees will meet twice a year to review the financial Ferfomiance of the trust and consider requests for grants. Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Trustees. Annual Report and the accounts in accordance with applicable law and Unrted Kingdom Accounting Standards (United Kingdom Generally Accepted Accountsng Practi}. The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming reSoUrS and application of resources of the Charity for that period. In preparing these xcounts. the Trustees are required to: select suitable accounttng policies and then appty them consistently; ObSee the methods and principles in the Charities SORP" make judgements arKI estimates that are reasonable and [dent,. state whether applicable accounling standards have been followed, subj'ect to any material departures disdosed and explained in the financial statements.. prepare the accourrts on the going conrn basis unless it is inappropriate to presume that the Charity will continue in 0ration. The Trustees are responsib for keeping proFEr accounting records that disclose wrf(h reasonable auracY at any time the firtancial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. The Trustees are also respons1te for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. P*Je 4
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Governance of the Charity The Twst holds a General Meeting on an annual basts, at which the Trustees are elected. In addrtion. the meeting considers the accounts for the predIng year and considers the Trustees, Report on the activrties during the year. The Trustees also meet during the year to consider and authorise operational and strategic maiter5. By order of the Trustees.. P Taylor= as Trustee. Dated.. t
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Statement of Financial Aclivities Unrestricted Totsl Unrestricted Total Income: Donations GiftAid Dividends received 25,1Xl) 6,419 131,419 7.257 29.757 Totsl 29.757 131,419 Expenditure: Donations= London Music Funds Chalke Valley History Trust Managementfees Professional Fees Marketing Ac£ountancy i(M).c(o 4.391 1.553 8,952 4.1132 1377 210.836 lo,(9 NEf INCOME/(EXPENDITURE) (J8L079) Netrainslllosses) on iMStment atsets sted investments Realised Unrealised (L4) 16,666 .172 5LOIO 51.010 Net movernent in funds 1165,9Tr1 171359 Total funds brought foNard Total funds Caled forward 8,712 442.&)5 436.353 fJ)8.712 e6
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Balance Sheet Unrestrirted 2025 Unrestritted 2024 Note Investments Portfolio- Barclays 4%.311 4*311 478,731 47&731 cUntAsSets Bank Account Debtors 137,619 Prepayments 317 45.Tr) 137,619 Current abilitieS Creditors Ac£ruals and deferred income tknnations payable 92.SC Total net assets 442,8L15 Ei)8,712 Represented by Funds fTh,712 Approved by the Trustees and signed on their leha by: P Taylor: Dated: oblil e7
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Notes to the Accounts: Basls of Preparation The KM Foundation meets Ihe definibon of a public benefft entity under FRS 102. These accounts have been prepared in accordan with Accounting and Reporting by Charities" Statement of Recommended Practi. applicable to charities preparing their accounts in accordance with the Financial Reportirrfj StarKlard applicable in the UK and Republic of Iland (FRS 102), and the Charities Act 2011. The finanoal statements are prepared on a going concem basis under the historical cost convention, unless otherwise slated in the relevant accounting policy note. The financial statements are kY8sented in sterfing, which is the fijnctional CuencY of Charity. 2. Accounting Policies All income is credited to furKls of the Trust in the year in which it is r*1vab. All expenditure 15 regnised as soon as there is a legal or constructtve obligation committiro the charity to pay out resources and are direcuy altributed to one of the funrtional categories of reSoUrS expended. The Trust is not registered for value added tax, and so all such tax paid is charged to the statement of financial activtties. as part of the expenditure to which it relates. Unrestricted funds comprise accumulated surpluses on the general funds and are available to use at the disGretion of the Trustees in furtherance of the general charitable obJ"ectives. Listed investments are stated at market value. increasel(decrease) on revaluations are transferred tol(from) the Statement of Financial ActivitÈs. 3. Donations Donations from Mr Kumar Muthalagappan.. 2025 2024 Cash Gift aid 18,000 4,500 100,OCNJ 25,OC(I Donations approved and committed in the year Crynmitted in the spar Paid the year Commitments London S1¢ Chalke Valley History Trust 30,LK)O 67.500 60,C>JO 32,500 97.500 92,500 dge8
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 4. Trustees, remuneratlon. beneffts and expenses No trustees received any remuneration or other beneffts or expenses for the year ended 31 March 2025 year ended 31. March 2024. Control The charity is under control of ts trustees. Listed Investments 57.731 JlJl2 alV)I¥ . 6L476 iU76 vJ*. 5Q5ty) 4F.779 TD 75L975 31 Paje 9
THE KM FOUNDATION Charity Number 1189487 Year ended 31 March 2025 Independent Examinerfs Report To the Trustees of The KM Foundation I report on the accourrts of the Chanty for the year ended 31 March 2025. which are set oui on pages 2to9. Responsibilities and basis of report As the oharity trustees you are reSponsie for the preparation of the accounts in accordan with the requirements of Charitses Act 2011 {Ihe Acl.). I report in re$ct of my examination of the charity accounts Garried out under section 145 of the 2011 Act and in carrying out my examinatK)n I have followed all the applicable Directions given by the Chaiity Commission under section 145(5){b) of the Act. Independent examinerfs statement I have completed my examinab'on. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect 1. accounting records were not kept in resFeCt of the Trust a5 required by section 130 of the Act., or 2. the acGounts do not accord with those records.. or 3. the accounts do not comply wth the applicable requirements ConmIng the fonn and content of accounts set out in the Chanties (Accounts and Reports) Regulations 2LK)8 other than any requirement that the accounts gNe a true and fair vTrew which is not a matter considere(l as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Ginette Getting FCA FFA PSG Bowdens LLP Unit 14 Craycombe Farm. Evesham Road. Fladbury. Worcestershire V4R10 2QS Dated: Iq | I I Izos e10