KANNADA BALAGA UK
Charity No. 326572
Tru5tees' Report and Unaudited Accounts
31 December 2024

KANNADA BALAGA UK
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Analysis of resources
Notes to the Accounts
Detailed Statement of Financial Activities
3to4
9t013
14

KANNADA BALAGA UK
Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended
31 December 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 326572
Trustees
The following trustees served during the year:
Sumana Girish
Dr. Rashmi Mcnjunatha
Sneha Aravind Kulkarni
Rajeev Metri
Anand Savanth
Vidyarani Mys,Jre Puttaraju
Dr. Madhusudhan Thayur Raghavendra
Dr. Chandrappa Thippeswamy
Vrata Chigateri
Praveen Thyrappa
Ashirwad Mepie
H.M Bhandari (Tenure ceased April 20221
S.H Ganganna {Tenure ceased April 20221
S. Narain {Tenure ceased April 20221
S. Suresh {Tenure ceased April 20221
N. Talgeri (Tenure ceased April 2022}
G.N.R Vashista (Tenure ceased April 2022}
Accountants
Ark & Co Ltd
2, Anderson Road
Bearwood
Birmingham
B66 4AR
Page 3

KANNADA BALAGA UK
Trustees Annual Report
Statement of trustees, responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees, annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice}.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports} Regulations, and the
provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity
and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees.
Trustee
02 April 2025
Page 4

KANNADA BALAGA UK
Independent Examiners Report
Independent Examiner's Report to the trustees of KANNADA BALAGA UK
I report to the trustees on my examination of the financial statements of KANNADA BALAGA UK for the
year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and
the related no-.es.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 20111'the Act'l. The trustees consider that an audit is not
required for this year under the Charities Act 2011, s.144{2) (the 2011 Act) and that an independent
examination is needed.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Act cnd in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in, any material respect:
the accounting records were not kept in respect of the charity as required by section 130 of the Act. or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and
content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008
other tha n any requirement that the financial statements give a 'true and fair, view which is not a
matter considered a5 part of an independent examination.
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.
Sanjeev Rana
Chartered Accountant Ark & Co Ltd
2 Anderson Road Bearwood
Birmingham
B66 4AR
02 April 2025
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KANNADA BALAGA UK
Statement of Financial Activities
for the year ended 31 December 2024
Unrestricted
funds
Total
funds
Total
funds
2023
2024
2024
Notes
Income and endowments from:
Donations and legacies
Investments
48,835
6,491
48,835
6,491
93,755
5,655
Total
55,326
55,326
99,411
Expenditure on:
Charitable activities
Other expenditure
54,403
6,438
92,584
5,193
Total
60,841
97,777
Net gains on investments
Net income/{expenditure)
15,5151
1,634
Transfers between funds
Net income/(expenditure) before other gains/(Ios5es)
15,5151
1,634
Other gains and losses
Net movement in funds
(5,515}
1,634
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
135,417
135,417
133,783
129,902
135,417
135,417
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KANNADA BALAGA UK
Balance Sheet
Charity No, 326572
at 31 December 2024
2024
2023
Current assets
Debtors
Cash at bank and in hand
500
130,391
130,891
130,891
500
135,907
136,407
136,407
Net current assets
Accruals
990
990
Total assets less current liabilities
129,902
135,417
Net assets excluding pension asset or liability
129,902
135,417
Total net assets
129,902
135,417
The funds of the charity
Restricted funds
Unrestricted funds
General funds
129,902
129,902
135,417
135,417
Reserves
Total funds
129,902
135,417
Approved by the trustees on 02 April 2025.
And signed on their behalf by:
Dr. Rashmi Manjunatha
Trustee
02 April 2025
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KANNADA BALAGA UK
Analysis of resources
for the year ended 31 December 2024
Unrestricted Restricted Total funds
Voluntary income
Donations and legacies
Investments
Total
9,833
6,491
16,324
9,833
6,491
16,324
Activities for generating funds
Deepavali & Ugadi
Total
39,002
39,002
39,002
39,002
Total incoming resources
55,326
55,326
Unrestricted Restricted Total funds
Costs of generating voluntary income
Deepavali & Ugadi
Total
40,871
40,871
40,871
40,871
Charitable activities
Charitable activities
Software, IT support and related costs
Profit/loss on foreign currency
Bank charges
Insurance
13,532
13,532
4,192
21
215
4,192
21
215
Total
17,960
17,960
Governance costs
Accountancy fees
Total
2,010
2,010
2,010
2,010
Total resources expended
60,841
60,841
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KANNADA BALAGA UK
Notes to the Accounts
for the year ended 31 December 2024
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charities
Act 2011.
Change In basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last
year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
Designated funds
Revaluation funds
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
Restricted funds
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Income
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
Voluntary income received by way of grants, donations and gifts is included in the
legacies
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts
gift/donation to which it relates.
Donated services and These are only included in income (with an equivalent amount in expenditure}
facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
Investment income
Gains/llosses1 on
revaluation of fixed
assets
The value of any volunteer help received is not included in the accounts
This is included in the accounts when receiva ble.
This include5 any gain or10s5 resulting from revaluing investments to market value
at the end of the year.
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KANNADA BALAGA UK
Notes to the Accounts
Gains/llosses} on
investment assets
This includes any ga in or loss on the sa le of investments.
Expenditure
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered and is reported as part of the expenditure to which it
relates.
Expenditure on
raising funds
Expenditure on
charitable activities
These comprise the costs associated with attracting voluntary income, fundraising
trading costs and investment management costs.
These comprise the costs incurred by the Charity in the delivery of its activities and
services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any audit/independent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
Grants payable
Governance costs
Other expenditure
These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In
the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
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KANNADA BALAGA UK
Notes to the Accounts
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity
are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as
operating leases.
Assets held under finance lease5 are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding
liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are
apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant
rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately,
unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance
with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the
event that lease incentives are received to enter into operating leases, such incentives are recognised as a
liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-
line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension
plan under which the charity pays fixed contributions into a separate entity. Once the contributions have
been paid the charity has no further payments obligation5. The contributions are recognised as expenses
when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are
held separately from the charity in independently administered funds.
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KANNADA BALAGA UK
Notes to the Accounts
2 Income from donations and legacies
Unrestricted
Total
2024
Total
2023
48,835
48,835
48,835
48,835
93,755
93,755
3 Income from investments
Unrestricted
Total
2024
Total
2023
6,491
6,491
6,491
6,491
5,655
5,655
4 Expenditure on raising funds
Total
2024
Total
2023
Fundraising trading costs
5 Expenditure on charitable activities
Unrestricted
Total
2024
Total
2023
Expenditure on charitable activities
Governance costs
54,403
54,403
92,584
54,403
54,403
92,584
6 Other expenditure
Unrestricted
Total
2024
Total
2023
Generol administrative costs
Legal and professional costs
4,428
2,010
6,438
4,428
2,010
6,438
4,203
990
5,193
7 Staff costs
No employee received emoluments in exce55 Of £60,000.
8 Debtors
2024
2023
Prepayments and accrued income
500
500
500
500
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KANNADA BALAGA UK
Notes to the Accounts
9 Movement in funds
Atl
At31
January
2023
Incoming
resources
Resources
December
2024
expended
Restricted funds
Unrestricted funds
General funds
135,417
55,326
60,841
129,902
Total funds
135,417
55,326
60,841
129,902
Incoming resources includes other gains/losses
10 Analysis of net assets between funds
Unrestricted
Total
Net current assets
129,902
129,902
129,902
129,902
11 Reconciliation of net debt
Atl
At31
January
2023
December
Cash flows
2024
Cash and cash equivalents
135,907
5,515
130,391
Net debt
135,907
5,515
130,391
Page 13

KANNADA BALAGA UK
Detailed Statement of Financial Activities
for the year ended 31 December 2024
Unrestricted
2024
Total
2024
Total
2023
Income and endowments from:
Donations and legacies
48,835
48,835
48,835
48,835
93,755
93,755
Investments
6,491
6,491
6,491
6,491
5,655
5,655
Total Income and endowments
55,326
55,326
99,411
Expenditure on:
Costs of other trading activities
Total of expenditure on raising funds
Charitable activities
54,403
54,403
54,403
54,403
92,584
92,584
Total of expenditure on charitable activities
54,403
54,403
92,584
General administrative costs, including depreciation and amortisation
Bank charges
Exchange rate Igainllloss
Software, IT support and related
Insurance
21
21
45
4,192
4,192
3,973
215
215
186
4,428
4,428
4,203
Legal and professional costs
Accountancy and bookkeeping
2,010
2,010
2,010
2,010
990
990
Total expenditure
60,841
60,841
97,777
Net gains on investment5
Net income/{expendlture)
Other Gains
Net movement in funds
15,515)
15,515)
1,634
{5,515)
15,5151
1,634
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
135,417
129,902
135,417
129,902
133,783
135,417
Page 14