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2025-11-01-accounts

Charity registration number 1210867 (England and Wales) Charitable Incorporated Organisation (CIO)

ARTS AND KUCHIPUDI DANCE CHARITY

TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 NOVEMBER 2025

[This is the charity's first reporting period since registration on 8 November 2024]

ARTS AND KUCHIPUDI DANCE CHARITY

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees Mrs Pappudu Sriram (Chair) — appointed 1 November 2024
Ms Deepti Velury — appointed 1 November 2024
Mr Manav Gupta — appointed 1 November 2024
Mrs Benedicte De Gelder — appointed 22 September 2025
Founder and Director Arunima Kumar BEM (not a Trustee; leads the charity's artistic and community
programme)
Charity number 1210867
Governing document Constitution of a Charitable Incorporated Organisation (Foundation model),
registered with the Charity Commission for England and Wales on 8
November 2024
Registered office Sheridan Court, Flat 1
55-81 Barkston Gardens
London SW5 0ET
Independent Examiner Nunn Hayward LLP
First Floor
Sheraton House
Lower Road
Chorleywood
Hertfordshire
WD3 5LH
Bankers METRO BANK
Website www.akdc.co

ARTS AND KUCHIPUDI DANCE CHARITY

CONTENTS

Trustees' Annual Report 4-9
Statement of Trustees' Responsibilities 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13
Statement of Cash Flows 14
Notes to the Financial Statements 15 -22

ARTS AND KUCHIPUDI DANCE CHARITY

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 1 NOVEMBER 2025

The Trustees present their annual report together with the financial statements of the charity for the year ending on 1 November 2025, being the charity's first reporting period.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity's governing document, the Charities Act 2011, and the Statement of Recommended Practice, “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)”, issued in October 2019.

Objectives and activities

Charitable objects

The charity's objects, as set out in its governing document, are:

“For the public benefit, to promote and preserve the cultural traditions of Kuchipudi and other South Asian dance, through the provision of 1. workshops and classes, 2. creative collaborations, and 3.community outreach, bursary projects and public performances. The relief of those in need, by reason of age, ill health, disability, financial hardship or other disadvantage in such ways as the Trustees shall think fit, with particular focus on providing opportunities to participate in dance classes and other structured arts & health activities.”

Public benefit

In shaping the charity's activities for the year, the Trustees have had due regard to the Charity Commission's general guidance on public benefit. The charity works to make South Asian classical dance, and Kuchipudi in particular, accessible to the widest possible public, with a specific focus on groups who might not otherwise have the opportunity to take part — including older people, disabled participants, survivors of violence, refugees and neurodiverse young people.

Strategies employed to achieve the charity's objects

5-Year Strategic Plan (2026-2030)

During the year the Trustees and Founder developed a 5-Year Strategic Plan for 2026-2030 to deliver on the charity’s objectives.

The plan is organized around eight strategic pillars, against which the charity's achievements for the year are reported below: (1) Embed Locally, Global Reach — Performances; (2) Innovation in Tradition — New Content; (3) Artistic Excellence & Pathways — Artist Development; (4) Arts & Health & Wellbeing including research; (5)

ARTS AND KUCHIPUDI DANCE CHARITY

Community Outreach, Social Responsibility & Impact; (6) Visibility & Cultural Diplomacy; (7) Financial Sustainability; and (8) Organization Development.

Achievements and performance

1. Embed Locally, Global Reach — Performances

Goal: to expand the company's reach by deepening and extending performances, collaborations, and tours.

Demonstrating our commitment to expanding the global footprint of Kuchipudi while maintaining strong local roots, the charity engaged audience members and workshop participants across more than 20 performances and workshops. Our outreach spanned grassroots community festivals in London to major international stages across India, Spain, and Poland. Key milestones included prestigious showcases at Westminster Abbey and No. 10 Downing Street as well as significant global cultural exchanges, such as performing at the massive gathering in Kumbh Mela in India, a residency in Poland, and the Samarpanam Festival in partnership with British Council India. These engagements underscore our mission: bringing world-class South Asian classical dance to landmark settings while ensuring deep, accessible engagement within local communities.

2. Innovation in Tradition — New Content

Goal: to collaborate on new works and integrate cross-genre approaches and technologies to enhance traditional dance forms and create engaging learning platforms.

The organization continues to develop new content that places traditional Indian dance within contemporary cultural contexts.

3. Artistic Excellence & Pathways — Artist Development

Goal: to maintain high standards of training, development and performance, and to provide artists and dancers with opportunities for professional growth.

The charity advanced its commitment to nurturing talent and elevating standards within the South Asian dance sector through structured training, intensive artist development, and regular class programming. During the period, we delivered 19 specialized development events—including summer intensives, bootcamps, and targeted masterclasses at renowned institutions like the Central School of Ballet and CAT Birmingham—engaging over 300 participants. Complementing these intensives, our year-round class program provided over 250 sessions tailored to diverse demographics, from young dancers and advanced practitioners to seniors and specially-abled students. The Trustees also began formalizing the charity's teaching curriculum during the year, building partnerships with experts in India to help document a tradition historically passed on orally as formal codification does not exist and is critical towards professionalizing the sector.

4. Health & Wellbeing

Goal: to be a pioneer in South Asian dance and health research, and to build health protocols that serve as industry benchmarks for physical and mental health.

This year, the charity set out an ambitious agenda to quantify the physical and mental wellbeing benefits of Kuchipudi, entering initial discussions with the Massachusetts Institute of Technology (MIT) to scope a collaborative research project. Alongside navigating partnerships with world-class institutions, we actively sought UK partners dedicated to high-impact community care, launching preliminary talks with Parkinson’s UK. Together, these exploratory initiatives lay a robust foundation for building benchmark health protocols that serve vulnerable and at-risk groups.

ARTS AND KUCHIPUDI DANCE CHARITY

5. Community Outreach, Social Responsibility & Impact

The charity embodied its core charitable mission to make South Asian classical dance accessible to disadvantaged, isolated, and underrepresented communities. During the reporting period, the charity delivered a vast array of tailored outreach initiatives, reaching over 850 participants in the UK and 1000+ school children across community schools. To ensure financial barriers never prevent participation in our activities, the charity also subsidises students and teaching, provides free workshops to marginalized sections , and directly funds bursaries for individuals each year.

At the heart of our community effort is the ongoing Abhyaas programme, which delivers inclusive, intergenerational dance and health sessions in partnership with key referral partners such as Age UK, the Asian People's Disability Alliance (APDA), Chelsea Theatre, and local authority networks. These programs have demonstrated clear, positive social impact—measurably reducing social isolation, building physical confidence, creating safe spaces for neurodiverse and disabled participants, and driving public and corporate advocacy for inclusive Indian classical dance through high-profile events like our Diwali showcase at Clifford Chance.

6. Visibility & Cultural Diplomacy

Goal: to establish AKDC as a leader in global arts, representing Indian classical dance on global stages and fostering India-UK cultural exchange.

The year's flagship cultural diplomacy project was Samarpanam (19–24 October 2025 in New Delhi), described internally as “a bridge between nations, generations, and traditions—a model of cultural diplomacy rooted in artistic rigor, youth leadership and the global visibility of Kuchipudi.” The project was self-funded by students and families and was delivered in collaboration with British Council India, who provided space in kind , and brought together 20 young British and Polish dancers alongside 15 girls from the Lotus Petal Foundation for an intensive week of cross-cultural immersion.

The students engaged in daily masterclasses led by four distinguished dance gurus alongside lecture-demonstrations, heritage walks, and live musical collaborations. The week culminated in a sold-out final performance at the Habitat Centre before an audience of 300, including Guests of Honour Smt. Sudha Murty and Akshata Murty. Overall, the campaign engaged an audience of over 500 in person, reached 10,000 viewings online, and achieved an exceptional participant/parent satisfaction score of 4.8/5.

Alison Barrett MBE, Country Director India at the British Council, noted of the experience: “The students were on cloud nine … it was such a powerful cross-cultural learning and confidence-building experience for them.”

Founder and Director Arunima Kumar represented the charity as a cultural ambassador across international diplomatic, artistic, and community platforms. Through keynote speeches, panels, and cultural forums, these engagements advocated for diversity, intergenerational participation, and the visibility of Indian classical arts in contemporary Britain and beyond.

Key Cultural Diplomacy & Advocacy Highlights:

ARTS AND KUCHIPUDI DANCE CHARITY

Collectively, these engagements have raised the profile of Indian arts, expanded networks, and reinforced the

charity's mission as a living cultural bridge between India, the UK, and the wider community.

7. Organisation Development

During the charity’s inaugural year, the Trustees focused on building a resilient operational infrastructure to support the charity’s long-term growth and strategic ambitions.

8. Financial review

During the year, the charity received total income of £107,831 including restricted income of £41,327 received from Goldman Sachs Gives. In addition, unrestricted donations amounted to £32,867 and income from charitable activities amounted to £33,637 which was driven by workshops, classes and public performances. The charity had total expenditure of £58,840 with expenses on charitable activities of £49,899 and support and governance costs of £8,941.

As at 1 November 2025, the charity had free reserves of £30,878.

9. Reserves policy

The Trustees review the charity's reserves policy on a regular basis, having regard to the charity's risk profile and its committed programme of community and performance activity. The reserves as of 1 November 2025 are above the requisite minimum to maintain three months of activity at the charity.

10. Risk management

The Trustees are responsible for the management of the risks faced by the charity and regularly review the strategic, operational and financial risks to which it is exposed, including matters relating to governance, safeguarding, health and safety and data protection.

The Trustees prioritize the protection of all participants through expert-reviewed Safeguarding policies that govern every event and workshop. Safeguarding compliance is overseen by Pappudu Sriram (Trustee Lead) and Vikasini Peramakumar (Operational Lead). To maintain safety, all personnel in regulated activities undergo mandatory Enhanced DBS checks, supported by robust procedures to record, report, and escalate any concerns to statutory authorities.

Grants and sponsorship

The Trustees gratefully acknowledge grant support received during the year from Goldman Sachs Gives towards the Abhyaas programme, the Royal Borough of Kensington and Chelsea (“City Living” grant), and other supporters.

ARTS AND KUCHIPUDI DANCE CHARITY

Plans for future periods

The following items were noted in the source records but fall after the end of this reporting period (1 November 2025); they are recorded here as forthcoming activity rather than as achievements of the year:

The Trustees' further priorities for the period ahead are to:

Structure, governance and management

Legal status

Arts and Kuchipudi Dance Charity is a Charitable Incorporated Organisation (CIO), constituted under the Foundation model and registered with the Charity Commission for England and Wales on 8 November 2024

(charity number 1210867). As a CIO, the charity is a body corporate in its own right; it is not a company and is not registered with Companies House.

Governance

The charity is governed by its board of Trustees, who are responsible for its overall management and direction, its policies and procedures, and its long-term strategic development. Trustee meetings are held on a quarterly basis.

Organisation

Day-to-day delivery of the charity's community and education programme is led by the Founder and Director, Arunima Kumar BEM, supported by freelance admin support.

Appointment of Trustees

New Trustees are appointed by the existing Board of Trustees in accordance with the charity's governing document. The Board seeks to ensure that members collectively bring the necessary skills and experience to govern the charity and support its objectives.

Trustee induction and training

New Trustees are briefed on their legal duties and responsibilities under charity law, and on the charity's activities, finances and strategic priorities.

The trustees continued to support the Charity through significant contributions in kind , including their time, professional expertise and resources on a voluntary basis. This included strategic planning, project development,

ARTS AND KUCHIPUDI DANCE CHARITY

fundraising, governance, administration, artistic and educational input, and attendance at Charity events and activities.

Where appropriate, trustees personally covered costs that would otherwise have been incurred by the Charity, thereby helping to maximise the funds available for charitable activities.

Related parties

No Trustee, or any person connected with a Trustee, received remuneration or other benefit from the charity during the year.

Statement of disclosure to the Independent Examiner

As far as the Trustees are aware, there is no relevant information of which the charity's Independent Examiner is unaware, and the Trustees have taken all steps they ought to have taken to make themselves aware of any

relevant information and to establish that the Examiner is aware of that information.

This report was approved by the Trustees on 1 September 2026 and signed on their behalf by:

……………………………………………………

Pappudu Sriram, Chair and Trustee

ARTS AND KUCHIPUDI DANCE CHARITY

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

ARTS AND KUCHIPUDI DANCE CHARITY

INDEPENDENT EXAMINER'S REPORT

I report to the trustees on my examination of the financial statements of Arts And Kuchipudi Dance Charity (the charity) for the year ended 1 November 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving 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 financial statements to be reached.

Nicholas Corden, ACA

For and on behalf of Nunn Hayward LLP

First Floor Sheraton House Lower Road Chorleywood Hertfordshire WD3 5LH

Date: 01/09/2026

ARTS AND KUCHIPUDI DANCE CHARITY

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 1 NOVEMBER 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
32,867
41,327
Charitable activities
4
33,637
-
Total income
66,504
41,327
Expenditure on:
Charitable activities
5
35,626
23,214
Total expenditure
35,626
23,214
Net income and movement in funds
30,878
18,113
Reconciliation of funds:
Fund balances at 2 November 2024
-
-
Fund balances at 1 November 2025
30,878
18,113		 Total
2025
£
74,194
33,637
107,831
58,840
58,840
48,991
-
48,991

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ARTS AND KUCHIPUDI DANCE CHARITY

BALANCE SHEET AS AT 1 NOVEMBER 2025

Notes
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one year
12
Net current assets
The funds of the charity
Restricted income funds
13
Unrestricted funds
14		 2025
£
8,041
45,510
53,551
(4,560)		 £
48,991
18,113
30,878
48,991

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 1 November 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on .. 1 September 2026 .......................

..............................

P Sriram

Trustee

ARTS AND KUCHIPUDI DANCE CHARITY

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 1 NOVEMBER 2025

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 NOVEMBER 2025

1 Accounting policies

Charity information

Arts And Kuchipudi Dance Charity is a Charitable Incorporated Organisation registered with the charity commission in England and Wales (number 1210867) and with Companies House (CE038157). The principle address is Sheridan Court, Flat 1 55- 81 Barkston Gardens, London, SW5 0ET.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 1 NOVEMBER 2025

1 Accounting policies

(Continued)

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 1 NOVEMBER 2025

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
31,517
-
Grants
1,350
41,327
32,867
41,327		 Total
2025
£
31,517
42,677
74,194

4 Income from charitable activities

Unrestricted
funds
2025
£
Workshops, classes and public performances
Sale of services 33,637

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 1 NOVEMBER 2025

5 Expenditure on charitable activities

Workshops,
classes and
public
performances
2025
£
Direct costs
Artist Fees - music support etc 1,192
Venue Licence fees 2,851
Travel - National 1,311
Travel - International 2,399
India Project 6,382
Costumes / Performance costs 516
Teaching fees 33,893
Insurance 321
Consultancy 933
Advertising and Marketing 100
49,899
Share of support and governance costs (see note 6)
Support 6,841
Governance 2,100
58,840
Analysis by fund
Unrestricted funds 35,626
Restricted funds 23,214
58,840

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 1 NOVEMBER 2025

6
Support costs allocated to activities
General office expenses
Consultancy
Printing, postage and stationery
Telephone and Internet
Website
Governance costs
Analysed between:
Workshops, classes and public performances
7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements		 2025
£
2,766
350
157
11
3,557
2,100
8,941
8,941
2025
£
900

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Employees

The average monthly number of employees during the year was:

2025
Number
Total -

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 1 NOVEMBER 2025

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 1 NOVEMBER 2025

11 Debtors

Debtors
2025
Amounts falling due within one year: £
Prepayments and accrued income 8,041

12 Creditors: amounts falling due within one year

2025
£
Accruals and deferred income 4,560

13 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 2 November Incoming Resources At 1 November
2024 resources expended 2025
£ £ £ £
Goldman Sachs Gives Grant - 41,327 (23,214) 18,113

Goldman Sachs Gives Grant - This was granted in support of the Abhyaas initiative towards staff salaries, administrative costs, professional fees, utility costs & materials with a lifespan under 1 year for delivering inclusive arts to underserved communities.

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 2 November Incoming Resources At 1 November
2024 resources expended 2025
£ £ £ £
General funds - 66,504 (35,626) 30,878

ARTS AND KUCHIPUDI DANCE CHARITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 1 NOVEMBER 2025

15 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 1 November 2025:
Current assets/(liabilities)
30,878
18,113
30,878
18,113		 Total
2025
£
48,991
48,991

16 Related party transactions

There were no donations received from trustees within the year.

Arunima Kumar is considered key management personnel and teaches the dance lessons and charges the charity for her services. During the year, Arunima received £24,499 (unrestricted) and £19,050 (restricted - for the Abhyaas project funded by Goldman Sachs) from the charity for carrying out the dance lessons and travel expenses. At the year end, the charity had paid for the November to December 2025 classes in advance, totalling £2,375. Arunima also donated £15,601 (unrestricted) to the charity in the year.

17 Cash generated from operations

Cash generated from operations
Surplus for the year
Movements in working capital:
(Increase) in debtors
Increase in creditors
Cash generated from operations		 2025
£
48,991
(8,041)
4,560
45,510

18 Analysis of changes in net funds/(debt)

The charity had no material debt during the year.