Charlty reglstratlon number 1202001 TRUDANA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 KLSA PKr Chartered A££ountants Member Ilrm of PKF InteiAat10ft81 Ltd
TRUDANA LEGAL AND ADMINISTRATIVE INFORMATION Trustee P Popal GPU S HaN8y N Patel N VaT8ani Appointed on 20 Febru8ry 2023 Appolnted 20 February 2023 Appolnted on 18 MaTch 2024 Appointed on 20 February 2023 Appolnted on 20 FebTU8ry 2023 Charlty number 1202001 AudltOT KLSA LLP Kalainu House 11 Coldbsth Square London EC1 R 5HL Bankers ICICI Uank Unil 2 1-9 st Anns Rd Harrow HA1 1AS
TRUDANA CONTENTS Page Trustee5 report Sl8lement of Trustees respDnslbllSUes Indep8ndent audltor's report statement ol finandal acllvlllo$ Bglance Shetst Notes to the finonclal statements 10-12
TRUDANA TRUSTEES REPORT FOR THE YEAR ENDED 30APRIL 2024 The TIu5tees present thelr 8nnual report and ffnanclal statements for1he yeaT Ended 30April 2024. Trudana is a chaiilable incorporated orgdnisation overseen by Ils Trustees as stipulated in the organ15alional structure. Trud8na was officlally reg15tered wlth Ihe Charlty CommI55Ion on 20 February 2023, in accordance with its governing document. The Foundatlon Model Conslitulion. Trud8na offer5 grant5 to 1nd1vidal$ and chaiilable organ15allon$ in need by reason of youlh, age, 111-he811h. d15abillty, financlal hardship 01 olhei disadvantaoes. The financial statements have been prepared sn accordance with the accountlng pol%cl£s set out in the nDte5 to the financlal statements and comply with Trudana's goveming document, Ihe Chariti8s Act 2011 and 'Accountlng and Roporting by Charities.. StalemeNt of Recommended Practlce applicable lo charitie$ preparlng theli accoun15 In accordance with the Financial Repotting Standard 8pplicable in the UK and Republlc ol Ireland IFRS 1021" leffeclive 1 January 20191. Oble¢¢lves and a¢tlvl¢les Public benefit The Truste8s have paid due re9ard to guldance issued by the Ch81ty Commission in decldlng what actlvltle8 Trudana should undertake. The Charfty's oblecllves are as follow8.. To promote the advancement of the HSndu rellgion. ro piovlde rellef for Indlviduals in need due to factors such as youth. age, 111-heallh, disability, ffn8n¢lal har(Jship, or other dlsadvanlages. To support any olhei chaTltable purposes Ihat the trustees deem 8ppropilate at Ihelr sole discretion. Prlnclpal Alms and Activities Trudana was est8bllshed In 2023 to make grants to indSvlduals and charltable organ15atlDn5 In need by rea80n of youth, age. ill-heallh, dtS8blllty, finandal hard$hlp or other disadvantage. In-servlce Tralnlng Training on rlsk management 8nd 88feguaidlng will be provided Once Ihe Charlty beglns ILS operatlon6. Achlevements and perfomiance Significant gclivits.es and achievemènls against objective5 Trudana was esiabllshed on 20 February 2023 and had no 8Ctiville5 or accompllshments for the year ended 30April 2024. Financlal revlew Going concem The TnJ5tee5 Ele confident that Trudana will have sufficient funds to meet Its obligations 88 they fall due for al least 12 months from the dale ol approvlng the financlal statements. Consequently, the nanCIal st8tement5 have been prepared on 8 9olng concern basls. Res8rves policy It is the pollcy of Trud8na that unTestricted funds whlch have not been deslgnaled for a speclflc use should be maintained at a level equlvalenl to between three and six month's expendilure. The Trustees consider that reserves at thls level wlll ensure that, in the event ol a significant drop in fundlng, they 11 be Sble to oonllnue Trudana's Current activilies whlle conslderatlon is given to ways In which additional funds may be raised. Thls level of reserves ha$ b88n maintained throughout the year.
TRUDANA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Majorrisks Rlsk managemÈnt and Internal control Rlsk management The Trustees are responslble for ensuilng effect5ve rlsk management, and that Intornal controls are In place to approprlately Manage the risk exposure af Tiudana, in particular, the Trustee5 have Considered.. the rn2jor r15ks to which Trudana 18 exposed,, the polentlal Impact and probabilty a5siJclated wilh each Ilsk., eM15tin9 Internal controls and accountability forthem,. and mitigallng actSons needed to reduce each risk to a level thal the Trustees Conslders to be acceptable. All significant actiwtie5 undertakeTr are subject to risk review as part of the inlllal proje¢t assessment and ImplementatiDn. The Trustees reviews the major Sk$ that Trudana faces on a regular basis and controls ar8 e51abllshed as 8pproprlate. Internal control The Trustees havg overall Tespon51billty lor ensurlng that Twdana ha5 Eppropriale systems of Internal controls In place . The key Inteinal controls used by Tiudana include.. Formal agendas and ffllnutés of all Boord and Annual General meellngs Detailed budgetary presentation foi approval by the Trus188S E5t8bllshed organisalional stiucture and lines of reporting,. and Eng8gemenl of extern81 profe551onal advlsors 8S and when nece858ry Through the controls established for the iunning of Trudana, Ihe Trustees a sallsfied that the tnajoi 115ks l¢Jentified re adequately miligated where necessary. It 15 recognised thal the controls est8bllshed can only provid8 ieascnable bul not 8b8olule assurance th81 mojor risks have been adequately managed. structure. govemarce and management Trudana (Reglstered Charity No. 12020011 reglstered with the Charity Commission on 20 February 2023 88 per Trudana's governing document. The registered address of Trudana is, 36 Rallway Approach, Harrow, Mlddlesex HA3 5M. The Tru$t8e8 who 5etved durino the year 8nd up to the date of slgnature of the financial 5t8tements were.. P Popat Appointed on 20 February 2023 G Purl Appolnted on 20 February 2023 S Harvay Appointed on 18 Mar¢h 2024 N Patel Appointed on 20 February 2023 N Varsani Appo5nled on 20 February 2U23 Re¢ruilm&nt 8nd appoinlmentof trustees When appolnting new Trustees to Trudana. thfy Board of Trust¢¢5 consider the 5kllls, knowledge and experience of the indivldual in making the appolnlmenl. Where possible, Trustees have been allocated an area of respon8ibllSly which Is In aecordance Mrith thelr skI115 and experlence. The firsl nomSnat¢d frudana Truste88 listed above were appointed as detailed In the Ttudana governlng document. None of the Trustees ha5 any bÉn8ficial inteie51 in Trudana. If Trudana is wound up, the tnernbers of Trudana have no liability to CDntribule to its assets and no per80nal responsibilities for settling its debts and liabilities.
TRUDANA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Organlsatlonel slructu The Tru8lee8 have delegated the day-lo-day management, which indude5 legal, governance aid compll8n¢e work of Trudana to Sandali HaNey. The Twsle88 lake professlonal advice for.. day-ttrday financial advice from lh8 Finance Manager, Gagan Pu day-to-day banking advlce from Neera Vaisani. otherm8tters Seniorstaff The senlor management team compri5E5 of the key management personnel of Trudana In chargg of directlng, controlllttg, runnlng and operating Trudana on a day-to-day basis. Audltor KLSA LLP were appointed audllor to Trudana 8nd a resolullon proposlng that they be Te-appolnted wlll be put at a General Meeting. Dlsclosure of Information to audltor Each of the Tiuslees has confirrned that there is no informatlon ol which Ihey are aware whlch Is relevknt to Ihe audlt. but of which the auditor is unaware. They have further confirmed th8t they have taken appropriate steps to identify Such relevant information and to establish that the auditOT15 aware of such Informallon. The Twsleej report Was approved by the Board of Trustees. aavan Popal Trustee 7 Novetnber 2024
TRUDANA STATEMENT OF TRUSTEES RESPONSIBILITIES FQR THE YEAR EIIDED 30 APRIL 2024 The Trustees are respons1ble for preparing the Trustees Report and the financi818t8lement5 In accordanc8 With applicable law and Unlled Klngdom Accounting Standards (Uniled Klngdom Generally Accepted Accounting Piacliiel. The law appllcable to chaiilie5 in England and Wales requires Ihe TN5te?s to pr8P8re financlal statetnents for each finandal year whlch glve 8 true and lair view of the stale of affairs of the Charity and of the Incomlng resources and applKation of ie50urces ol the Charlly lor Ih81 year. In preparing these financial statements. the Trusiee5 are requlred to.. select suilable accounllng polSdes and then 8ppW them consi$tentiy', observe the methods snd prinuples in the Gharilies SORP., make judgements and estimateg thBt are reasonable 8nd prudent., state whelher applicable accounting standard8 have been lollowed, subject to any mateiial departures dls¢lo8ed and explalned In the financial Bt81ement5'. ènd ppare the finanual ststements on the golng eoncem ba$ls unless Itls inBpproprlate to pre$um¢ IhBt the charlty will canlinue in operallon. The Trustees a responslble lor keeplng surriclent accounting recDrds that di5c105e with reasonable accuracy at any lirne the financlal posllion of the Charity and enable them lo ensure that the financlal stalemenls cornpty with the Charities Acl 2011. the Charity (Accounts and Reports) Regulallons 200B 8nd the provlslons ol th8 trust deed. They ale also SponsIble for safegu8rdinG the assets of the Charily and henrR for taknng Teasonable steps for the pVentIOn and detection of Iraud and other irregularitles.
TRUDANA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TRUDANA Oplnlon We have audlled the finandal statements ofTiudana Ilhe'Charily'I for the year end&d 30April 2024 which compri88 the stalemenl of financial aclivities, th8 balance Sheet and notes to Ihe financial statement5, Including significant accounling pollcle5, The finandal Keporting fratnewoik that ha$ b8en applied in Iheir preparatian 15 applicable law and United Kill9dom Accounting Standards. including Financlal Reportlng Standard 102 The Financial Reporting stand8rd applicabl& in Ihe UK and Republic of Ire18nGI (United Kingdotn Generally Accepted AccounlSng Praclicel. In our opinion. the financlal slatement$'. glve a true and lair view of the 51ale ol Ihe Charity's affalrs as at 30 Aprll 2024 and of it5 incoming resources and application Of resource5, for the year th8n ended., have been properly ppared in accordance wlth United KlngdDrn General Accepted Accounlino Practlce., and have been prepared in accordance with the requlrements of the CharitlesAcl 2011. Basls for oplnlDn We conducted our 8udlt In accordance wllh Inter#allonal Standard5 on Auditing IUKI IISAS IUKII and appllcable law. Our responsibllilie5 vnder those slandards are further described In the Auditor's responsibililies for Ihe 8udit ol the fingnGial st8lempnls 5ectlon of our report. We are Independent of the Charity in accordance wilh the ethical requirements that are relevant to our audil of the financlal statsments In the UK. induding the FRC'S Ethical standard, and we have fulfilled our other ethical ie5pan51bilities in 8ccordance wlth these iequlremen13. We belleve that the audll evldence we have obtained is suificient and appropriate lo prOrfe a ba813 foT Dur oplnlon. Concluslons relatlng to golng eoncern In audlling Ihe financlal ststem8nis. we have concluded that thE Trustee5 use of the golng concgin basls of accDunling in the preparatlon ol the financial stalernents is appropriate. Based on the walk we have performed, we have nol Id8ntEfied any material Lrncertainties re18ting to events or condllSons that. individualw or collectlvely, may cast slgnificant doubt Dn the Charity's ablllly to conbnue as a golng concein for a PErSod of at least Iwelve months from when the finarnci8151atementS are aulhorSsed for Issug. Ovr responslblllties and the re5pon51bllllles of the Trustees with respect to goln9 concern are described In the relevant $8ctlons of this report. Other Infomiatlon The other Information comprlses th8 informatlon Included in the annual report other than the Inanclal statements ond Dur audito¢$ report thereon. The Trustees are responsible for IhE Other informatlDn cont8ined wthin the annual report. Our opinion on the financial sta18m8llts doe5 not cover the other Information and we do nol express any form of assuiance concluslon thereon. Our responsibillty Is to read th8 other inloimation and, in doing so, conslder whether the other information Is matenally incons151ent with the fin8nclal statements or our knowledge obtained In the course of thE audit. or otheTwise appeaT5 to be materially misslaled.11 wp identify Such material Inconsistencles or appaienl mateal misstalefflenls, we are required to determlne whelherthSs gives ris8 lo a material misstatement In the financlal statemenls themselve5. 11, basod on the work we have performed. we condude thal there is malerlol misstatement of thls oth81 infoimatSon, we are requlred to report that faGi. We have nolhlng lo report In Ihls Tegard. Matters on whlch wo are regulrnd lo r8POrt by ex¢eptlon We have Itolhing to report in ie5pect of the following rTratteTS in Telation lo which the Charities IA¢counts and Reports) Regulatlons 2008 require us to report to you if. in our oplnlon.. the Sttformalion glven In the financlal ststements 15 inconslstent In any rnBterlal respect with the Tiustees report.. or suffldent accountlng records have not been kept. or the financial 5talements are not in agreemenl wrth the accountino record5'. Dr we have not received 811 the infoitnalion and explanatlons we requlre lor our 8udll.
TRUDANA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TRUDANA Responslbllltles of Trustees As explalned more fully in the statement of Trustee5 spOnSIbl1111e$, th8 Trustee5 are responsible for the preparation of the financial statements and for being satisfied that they give 8 Ime and falr vlew, and foi such intern&1 control as the Trustees determine Is necessary to enable the preparation of fIanCI1 slaletnpnls that are free from material misslalemenl, whether due to traud or error. In preparing the financlal statements, the Trustees are responsible for asses&ing the Charily'5 ab511ty to continue as a gng ¢oncern, d15c105ing, a5 applicable, rnètters related lo going Eoncern and using the going concerll basis of accountlng unle8S the Trustees elther Intend to cease operations. 01 have no realistic alterna15ve bul to do so. Audltorfs re5pon$lbllltSes for the audlt of the linanclal statements We have been appointed a5 auditor under section 144 of the charite8 Act 2011 and report in acu>rd&nce wilh the Act and relevant regulalons made or havlllg effect ther8under. Our objectives are to obtaln reasonable assurance about whether the financlal statements as a whole are free frorn mBlerial mis518tement, whelher due to fraud or error, and to Sssue an audllorfs report that Include5 our opinion. Reasonabl8 assurarlce 15 a hlgh level of asSurace bul is not a guarantee thal 2n audit conducted In accordance wlth ISAS IUKI will alway5 detect a material mlsslatemenl when 11 exlsls. Mi5Stolemellls can arise from fraud 01 eiror and are considered materlal if. individually or in the aggregate, they could reasonably be expected to Influence the economlc declsions of users taken on th9 bas15 01 Ihese fin8ncial slalements. The extent to which our PTocedures are c8pable ol detecting iegular11$, induding fraud, is dolaSled bEIow. A further description of our responslbilities 15 avallable on the Financial Reportlng Councll's website at.. http8'.11 www.frc.org,uklaudilorsrespons5blllties. This doscripIIDn forms part of our audltovs report. other matters Your atienlon Is drawn to the fact Ihat the charfty has preparod flnancial staternents In accordance th'AcCOUnt5ng and Reportlng by Charilie5'. Statement of R¢¢ornTnended Practice applicable to charlties preparlng their accounts in accordance wllh the Flnancial Reportlng Standaid applicable In the UK and Republlc of Ireland IFRS 1021 188 amended) in preference to the Accounting and Reporting by Charities.. Slatemenl of Recommenrted Practice Issued on l Aprll 2005 whlch Is feferred to In the extant regulations but has now been withdrawn. Th15 ha$ been done In order lof the financial sialemen15 lo provide a true and fair v(ew In accordance with current Generally AcceptedAEcounlin9 Practice. Use ol our report Thls report Is made solely to the charlty's trustees, a5 a body, in ac¢ordanc8 wilh part 4 of the ChBrllSes (AOunt5 and Reports) Regulatlons 2008. Our audll work has been undertaken so that we mlght slate ID Ihe charlty's trusle8S those mattels we are required to state to them In an 8udilDI's T8POrt and for no other purpose. To the fullest extènt permitted by 18w, we do not accept or assume r8sponsibilily to anyone other than the charily and Ihe charity's twslees as 8 body, for our audit work, lor thls report, or for the oplnion5 we have formed.
TRUDANA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TRUDANA Shilpa Chheda Isenior Statutory Auditor) for and on behalf of KLSA LLP 7 November 2024 Chartered Accountants stalutory Auditor Kalamu House 11 Coldbath Squ8r& London EC1R 5HL KLSA LLP is eligible for appointment as auditor of the Charity by virtue of its eligibilily for appointment as auditor of a company under section 1212 of the Companies Acl 2006.
TRUDANA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unre$trl¢ted funds 2024 Note$ InGDme frtsm.. Donations 100 Total Income 100 Net Ineome and movement Ih funds 100 Reconclllatlon of fund8'. Fund balance8 at 1 May 2023 Fund balances at 30 Aprll 2024 100 The staternent Df financlal activttlg¥ Includes all gains and losses recognlsed in the year. All Income and expEndilure dBrlve frorn contlnulng 8¢tivitle8.
TRUDANA BALANCE SHEET AS AT 30 APRIL 2024 2024 Noto5 Current as8et$ C8sh al bank and In hand 100 Net current asset$ 100 The funds of the Charlty Unreslrlcted funds 100 loo The flnancl81 stslements weie approved by the TrusteBS on 7 Ngvember 2024 aavan Popal TNstee
TRUDANA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Accountlng policies Charlty Informatio Trudana is a Charitable Incorporated Organi88lion registered wlth the Charily Comrn15$1on. The reglstered office Is 36 Rallway Apprpach, Haifl)w. Middlesex, HA3 SAA 1.1 Accountlng ¢onventlon The financlal statements have been prepared In accoTdance with the Charity's governir]g docurnent, the Charllies Act 2011, FRS 102 'The Finand81 Reporting Standard applicable In the UK and Republic uf Ireland. I'FRS 102,1 and the Charities SORP Accounting and Reporting by Charilles.. Statement of Recommended Pracllce appllcable to charllles preparing their aGcounl$ in accordance with the Financial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. The Charlty Is a Public Benefit Entily as defined by FRS 102. The financial statement5 aFe prepared in sterllng, which 15 the functional curren¢y of th& Charity. Monetary amounts in these financlal statements are rounded to the nearest £. The financlal 8tat8m8nts have been prepared under th8 historical cost convention. The princlpal accounting polici2s adopted ale set out below. 1.2 Golng Goncern At the tlme of approvln9 the financS8l stalernenls. the Truste8$ have a re3son8ble expeclatlon Ih81 the Charfty has 8dequate resources lo contlnue in operauonal exlstence for the foreseeable fijture. Thus the Trustees continue to adDPt the golng concern basls of aOUntIng In preparfug the flnancial Statements. 1.3 Charltable lunds Unrestrlcted funds are av211able for use at the di8cretion of the TFUStees in furtherance ol th¢lr chaiilable obledivos. 1.4 Ihcom Income is recoynised when the Chaiity Is legally enlllled to it after any performance condlllons have been rnet, the amounts c8n be rtieasured reliably, and it Is probable that in¢orne wlll be received. C88h dOntionS are recognised on recelpt. Othei donallons are Tecognised once the CharSly has been notifi8d of the donation, unless perforrnance conditions iequlie defeiral of the amount. Income lax recoverable In relation to donatlons receivèd under G}rtA or deeds of covenant Is recogni58d Bt Ihe Ilme of the donatlon. Legades are re¢ogni$ed on receipt or olhetwlse If the Charlly has been notiried of an impendlng distribution, the amount Is known, and recelpt IS expected. If the 8rnounl is nol known, the Segacy Is treated 9$ contingent asset. 1.5 Expendlture Expendiluie Is recognised once there is a 18gal or construclive obligation to transfer econornlo benefit to a Ihird party, it15 probable ihat a transfer of economic benefits wlll be required In settlement, and the amount of Ihe obligation can be measured rellabty. Expendllure Is cl8sslffed by activlly. The costs of each actlvlty 8re made up ol the total ol dlrect C051s and shared costs, includino support C08ts Involved in und8rtaklng each actlvlty. Direct costs allribulable to a slngle actlvlty are allocated dlrectly to that actlvlty. Shared c05t5 whlch contribute lo rnore than one acllwty and support costs whlch are not allilbulable to a single aclsvily Ère apportioned be8 those actlvltles on a basls ¢onslsteni wlth the us8 of resources. C&ntral staff costs ale allocated on the baals of tirne sp8nt, and depreci8tton charges are allocated Dn the pdrtion of the asset'8 115e. 10
TRUDANA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting poll¢les Icontlnuedl 1.6 Cash and cash 8qulvalent$ Cash and cash 8quivalenls Include lash in hand, deposlts held at call with banks. other short-terrn Ilquld inveslmenls with original tnaturities ol three months or less, and bank overdrafts. Bank overdiafts are shown wilhln borrowings in current liabllities. Ba51c flnanclal o$sels Baslc flnanclal assets, whlch include debtors and cash and bank balances, are initially MeaSred at Iran58Ction price Including Iransa¢tion costs snd are subsequent5y carried al 8rnort15ed cost uslng the effective interest method unless the arrangemenl constllules a financing IransactlDn, where the transaction Is measured 8t the present value of the future recelpts di$¢ountetJ at a m8rket rate of Interest. Financl81 a55ets dassified as receivable wlthln one year are not atnortlsed. 8osic linancial liabilitles BasSc financlal 1Sabllllles, includlng crediturs and bank loan5 are initially reGognised at tiansactlon prlce unle88 the artangernent constitutes 8 flnancing Iransaclion, where the debt Instrurnent is rneasuied at the present value of the future payments discouted at a market rate Df Interesl. FSnan¢ial liabilities clas5Ified as payable within on6 yèar are not amortssed. Debl in8tiurnents are subsequently carrled at amortised eost, using th8 effective interest rdte melhod. Trade creditors are obllgatlons to pay for goods or services that have b&en acqulred in the ordinary course of operations frDm suppliers. Amounts payable ale d9ss1fied as current liabllit4e5 11 payment Is due withln one year or less. If not. they are presented as non-cuiient liabilllles. Trad& credltors are recognised Initially at Iransaction price and sub8equently MeaSud at amortlsed cost uslng the effective Interest method. Derecognltlon of flnanclal Irabiiirles Financial liabilitles are derecognised when Ihe Charlty'8 eontraclval obllgatlons expire or 8fe di5charyeé or concelled. Critlcal accountlng estlmates and ludgements In the appllcatlon of the Charlty's accounting pollcles, the Tiustees are r8qulred to make judgements. 0s1irnale5 and assumptions aboul the carrylng 8rnount of assets and liabililies that are not readlly apparent from other sources. The estimate$ and associated assumpllons ai8 based on hi&toiical experience and other la¢tors that are considered to be relevant. Actual results may diff&r from these esllm8tes. The eslimates and underlying a55umptlons ara reviewed on an ongolng basis. Revlslons lo accounting estimates are iecognised In the period in which the estimate Is revised where the revision affects only that period, or in the perlod of the r8viiion and future period5 where the rovislon affects both cuiient and future periods. Income Irom charltable actlvltles Unrestrlcted Unr88trlcted funds runds 2024 Donatlon5 Charltable income 100
TRUDANA NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 30 APRIL 2024 Trustees None Dr the Truslees lor any persons wnnected with them) recelved any remun8Talion or benefits from the Charity during the year. Employ098 The avgr8ge monthly number of employees durfng the yearwas.. 2024 Number Manag8Ment There were no employees remunerated in the current perlod Toxatlon The Charity Is exempt from taxallon on Ils aclivl(les be¢au8e all Ils Income Is applied for Gharilable purp05e5. Unre8trl¢t8d funds The unrestricted funds of the ChaTIty cornpii5e the unexpended balances of donatlons and grants which are not subject to specific condlllons by donors and grantors as lo how they may be used. These include deslgnated fund8 which have been set aside out of unreslrided funds by the trustee5 for specifi¢ purposes. At 1 May 2023 Incomlng resources At 30 April 2024 Gener81 funds 100 100 Related party tranga¢tlons There were r)0 disclosable related party tran8acllon5 durfng the year. 12-