**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|



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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|



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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** 

- Delivering inclusive, intergenerational community sessions to groups facing disadvantage through age, disability, ill health or social isolation; 

- Providing dedicated Kuchipudi and South Asian dance workshops and classes led by professionally qualified teachers; 

- Partnering with schools, hospitals, care homes, disability organizations and community hubs to widen access to the artform; 

- Staging public performances and showcases that celebrate participants' work and raise the profile of inclusive Kuchipudi practice; 

- Inspiring and enriching audiences through live performances that promote cultural understanding and public wellbeing; 

- Working with corporate and institutional partners to fund and extend the reach of the charity's community programme through research and advocacy. 

## **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) 

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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. 

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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: 

- Diplomatic & National Recognition: Invited to 10 Downing Street for International Women’s Day and Diwali receptions and engaged with the Indian Embassy on community initiatives—including a joint panel with Shakespeare’s Globe. 

- Global Strategic Forums: Featured at the India Global Forum (IGF) conferences and UK WAVES conference to strengthen UK–India cultural ties and elevate classical arts within international dialogue. 

- Heritage & Living Traditions: Represented Indian classical heritage through engagements linked to major global cultural gatherings, including the Kumbh and Ayodhya. 

- International Cross-Cultural Collaborations: Highlighted Indian arts for European audiences at JLF Valladolid in Spain, participating in cross-cultural explorations. 

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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. 

- January 2025: the Founder and Trustees developed AKDC's 5-Year Strategic Plan (2026-2030); 

- Q1 2025: the charity engaged specialist charity consultants to put in place governance policies and documents; 

- September 2025: the Trustee board welcomed a new Trustee, Benedicte De Gelder, who brings two decades of international experience in partnerships, operations and product development across the technology and sustainability sectors, including senior roles at Google and in mission-driven non-profits; 

- October 2025: a new website was launched ahead of the charity's trip to India; 

- Since October 2025: ongoing social media activity to raise awareness of Kuchipudi, classes and performances. The audience has grown from 1,200 to 55,000 on social media. 

## 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. 

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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: 

- 8 November 2026: performance at the Charity Awards for Women in Asia “Do Good” Awards, London; 

- Continued rollout of the 5-Year Strategic Plan (2026-2030), including work towards National Portfolio Organization readiness once the Arts Council publishes its new funding strategy. 

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

- sustain strategic referral partnerships with Age UK, APDA and the Royal Borough of Kensington and Chelsea Council to maintain participant pipelines; 

- codify the Abhyaas curriculum into training materials so that local volunteers and peer leaders can continue delivering drop-in sessions independently; 

- expand corporate-backed performance formats, modelled on the Clifford Chance showcase, to diversify the charity's long-term fundraising stream; 

- develop a fundraising strategy to finance delivery of the 2026-2030 strategic plan, since currently only funded activities are implemented; 

- build creative collaborations especially in priority areas identified by ACE and global collaborations 

- pioneer research in arts and health 

- scale artist development 

- continue to serve as a living cultural bridge and advocacy for diversity in arts 

## **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, 

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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** 

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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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

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. 

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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: 

- 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. 

- 2 the financial statements do not accord with those records; or 

- 3 the  financial  statements  do  not  comply  with  the  accounting  requirements  of  section  396  of  the  Companies  Act  2006 other  than  any  requirement  that  the  financial  statements  give  a  true  and  fair  view,  which  is  not  a  matter  considered  as part of an independent examination; or 

- 4 the  financial  statements  have  not  been  prepared  in  accordance  with  the  methods  and  principles  of  the  Statement  of Recommended  Practice  for  accounting  and  reporting  by  charities  applicable  to  charities  preparing  their  financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

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 

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ARTS AND KUCHIPUDI DANCE CHARITY 

## **STATEMENT OF FINANCIAL ACTIVITIES** 

## **(INCLUDING INCOME AND EXPENDITURE ACCOUNT)** 

## _**FOR THE YEAR ENDED 1 NOVEMBER 2025**_ 

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



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

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ARTS AND KUCHIPUDI DANCE CHARITY 

## _**BALANCE SHEET AS AT 1 NOVEMBER 2025**_ 

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

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ARTS AND KUCHIPUDI DANCE CHARITY 

## _**STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 1 NOVEMBER 2025**_ 


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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. 

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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. 

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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**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>Donations and gifts<br>31,517<br>-<br>Grants<br>1,350<br>41,327<br>32,867<br>41,327|**Total**<br>**2025**<br>**£**<br>31,517<br>42,677|
|---|---|
||74,194|



## **4 Income from charitable activities** 

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



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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|



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ARTS AND KUCHIPUDI DANCE CHARITY 

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

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

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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. 

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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|



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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**<br>**Restricted**<br>**funds**<br>**funds**<br>**2025**<br>**2025**<br>**£**<br>**£**<br>**At 1 November 2025:**<br>Current assets/(liabilities)<br>30,878<br>18,113<br>30,878<br>18,113|**Total**<br>**2025**<br>**£**<br>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**<br>Surplus for the year<br>**Movements in working capital:**<br>(Increase) in debtors<br>Increase in creditors<br>**Cash generated from operations**|**2025**<br>**£**<br>48,991<br>(8,041)<br>4,560<br>45,510|
|---|---|



## **18 Analysis of changes in net funds/(debt)** 

The charity had no material debt during the year. 

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