Charity reglstratlon number 328878 (England and Wales) THE LADUMA DHAMECHA CHARITABLE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE LADUMA DHAMECHA CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S R Dhamecha Mr P K Dhamecha Mr M S Dhamecha Charlty number 328678 Prlnclpal address 2 Hathaway Close Stanmore Middlesex HA7 3NR Audltorg KLSA LLP Kalamu House 11 Coldbath Square London EC1R 5HL Banker• Bardays Bank PIC Acorn Hou88 36138 Park Royal Road London NW10 7JA
THE LADUMA DHAMECHA CHARITABLE TRUST CONTENTS Page Trustee8' report ststement of trustees. responsibillties Independent auditofs report Stat8ment of financial 8Ctivltles Balan sheet ststement of cash flows Notes to the financlal slatements 10-17
THE LADUMA DHAMECHA CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial ststements for the year ended 31 March 2025. The financial statements have been prepared In accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [goveming documentl, the Charities Act 2011 and "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 Republlc of Ireland IFRS 102). (effective 1 January 2019). Objectlves and actlvltles The aims of the trust are to provide the following.. To provide relief for sickness by provision of medicines and medical equipment andlor improvlng Ihe facilities at the hospltals as the trustees determine. - To provide for the advancement of education andlor educational establishment in rural areas so as to make children self sufficient in the longer term Such other charltable purposes as the trustees shall determine. The trustees have paid due regard to guldance Issued by the Charity Comrn15slon In decldlng what aclivilies the charity should undertake. Achlevements and performance Durlng the year the Trust received general donations of £2,001,000 (2024.. £2,120,000). The trust had donated total of £1,859,238 (2024.. £1,624,314) for varlou5 chadtable actlvlties during the year. The trustees wlsh to express their gratitude for the donations recelved. Flnanclal revlew The financial controls of the trust are managed and controlled by the Trustees without any remuneralion. Reserves pollcy It is the policy of the trustees at all times to maintain sufficient reserves in cash or cash fijnds lo meet all future commitments in full. The trustees monitor the level of reseNes at periodic intervals. All funds held are unrestricted. Rl8k managemfrnt The trustees have assessed the major risks to which the charity is exposed, and are sallsfied that systems a In place to mitigate exposure lo the major risks. The principal risks to which the Charity Is exposed are consldered to be.. Credit risk Currency risk Interest rale risk other price risk Plans for future periods Plans for the future The charity plans to continue the activities outllned above In the forthcoming years as the trustees shall deternine. Structure. govemance and management The Laduma Dhamecha Charitable Trust is governed by the Trust Deed daled 23 March 1990 for general purpose and the charity registration number 328678. The charity consists of three trustees who manage the activltles of the fund.
THE LADUMA DHAMECHA CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who Served during the year were: Mr S R Dhamecha Mr P K Dhamecha Mr M S Dhamecha Trustees training and recrultment en appointing new Trustees to the charity, the Board of Trustees conslder the skills. knowledge and experlence of the individual in making the appointment. All Trustees have been allocated an area of responsibillty which, where possible, is in accordance with their skllls and experience. Volunteers The volunteers are involved In general management and core activitles of the Charlty. The Trustees would Ilke to acknowledge the tremendous efforts of the volunteers and the many supporters of the Charity for their contSnuous support In helping the Charity to achieve its objectives. etTU s, repo pprove ytheBp of Trustees. Dhamecha rustee 9 September 2025
THE LADUMA DHAMECHA CHARITABLE TRUST STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The tnjstees are responsible for preparing the Trustees, Report and the financial slatements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales 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 charlty and of the incoming resources and applicatlon of resources of the charity 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., stale whether appllcable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the golng concem basls unless it is inappropriale to presume th81 the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose wtth reasonable accuracy at any time the financial position of the charlty and enable them to ensure that the financial statements comply wlth the Charftles Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE LADUMA DHAMECHA CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE LADUMA DHAMECHA CHARITABLE TRUST Oplnion We have audited the financial stalemenls of The Laduma Dhamecha Charilable Trust (the 'charity') for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet. the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicgble in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pracb'ce)- In our opinion, the financlal statements.. give a true and fair view of the state of the chaTIty's affelrs as at 31 March 2025 and of Its incoming resources and application of resource5. for the year then ended- have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practlce,. and have been prepared in accordance with the Charities Act 2011. Ba818 foroplnlon We conducted our audit in accordance with Intemational Standards on Auditing IUKI {ISAs {UKII and applicable law. Our responsibilities under those standards are fijrther described in the Auditor's responsibilities for the 8udit of the financial statements sectlon of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, includlng the FRC'S Ethical standard, and we have fulfilled our other ethicgl responsibilities in accordance with these requlrements. We belleve that the audit evidence we have obtained is sufficient and appropriate to provlde a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounllng In the preparation of the financial statements is approprlate. Based on the work we have performed, we have not identffied any material uncertainties relating to events or condrtions that, individually or collectively, may cast significant doubt on the charlty's ability to continue as a going concem for a pedod of at least e1ve months from when the financial statements are authorised for Issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Informatlon The other informatlon comprises the information included in the annual report other than the fInancial statements and our auditor's report thereon. The trustees are responsible for the oiher informatlon contsined within the annual port. Our opinion on the financial statements does not cover the other information and, except to the extent otheiSe explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our responsibility is to read the other informatlon and, in doing so, conslder whether the other information 15 malerialFy inconsistent wlth the financial stalements or our knowledge obtained in the Gourse of the audit or OtheISe appears to be materially misstated. If we identify such malerial inconsistencie5 or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatement in the financial stalements themselves. If, based on the work we have performed, we Gonclude that there is a material misslatement of this other information, we are required to report that fact. We have nothing to report in thi5 regard.
THE LADUMA DHAMECHA CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LADUMA DHAMECHA CHARITABLE TRUST Matters on whlch wa are raqulred to report by excepiion We have nothing to report in respect of the following matters in relation to which the Ch81ities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion= the information given in the financial statements is inconsistent in any material respect with the trustees, report., or sufficient accounting records have not been kept- or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explained more fully in Ihe statement af Iruslees, responsibilities, the trustee5 are responsible for the preparation of the financial 5tatemenls and for belng satisfied that they give a true and fair view, and for such internal control as the trustees deterrnine is necessary to enable the preparatlon of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applScable, matters related to going concern and using the going concern basis of accounting unless the tru5tee5 either intend to cease operalions, or have no reali5tlc alternatlve but to do so. Audltorfs responslbllltle8 for the audlt of the flnanclal statements We have been appointed as auditor under Section 144 of the Charities Act 2011 and report in accordance wlth the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an auditols report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered materlal if, individually or in the aggregate, they could reasonably be expected lo inlluence the economlc declsions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures In line with our responsibilities, outlined above, to delect material misstatements In respect of irregularlties, includlng fraud. The extent to which our proCedUS are capable of detecting irregularities, including fraud, is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of irregularitles, Includlng fraud and non-compliance with laws 2nd regulations, was as follows.. the engagemenl partner ensured that Ihe engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compllance wilh applicable laws and regulations., we identified the laws and regulations appllcable to the charlty through discussions wlth d1Clor$ and other management. and from our commercial knowledge and experience ofthe sector,. and we focused on specific laws and regulations which we considered may have a direct material effect on the operalSons of the charity financial statements or the operations of Ihe charity, including the Charities Act 2011, data protection, anti-bribery, environmental and health and Safety legislation.
THE LADUMA DHAMECHA CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LADUMA DHAMECHA CHARITABLE TRUST We a55essed the susceptibility of the Charity's financial statements to materlal mlss18temant. including obtaining an understanding of how fraud might occur. by.. making enquirie5 of management as to whefe they considered there wa8 8u8ceplibilily to fraud, thelr knowlèdge of actual, suspected and alleged fraud- and consldaTlng the Intemal controls in place to mltlgate rtsks of fraud and non-compliance with laws and regulatlons. To address the rlsk of fraud through management bias and overrlde of controls, we: performed allalyilcal Procedures to Identlfy any unusual or unexpected relationshlps., Ipsled journal entrles to Identlfy unusual transacllons., carried out 8 revlew ol the Inve8lm8nl8 qUed and dlsposed durlng the year en5urlng Iransaclion& were al 8rm's length. Investigated Ihe rationale behind slgnlfic8nl or unusual transactions. Verflled donations to Ihe agreements held and to the suppoitng recelpl8. In re8pons8 lo the risk ol Irregijlarllles and non-compll8nce wlth laws and regulatlons, we deslgned procedures whlch Included, bul were not lirniled to- 4greelng financlal statement disclosures to und8Tlylng supportlng documentation., enquiring of management as lo aclual and polentlal Iltlgatlon and claims. There are Inherent Ilmllallons in the audil proceLlures descAbed above., any instance of non-compll8nce with laws and regulallon5 and Iraud whlch Is far removed Irom transacllons rellecled In the financlal statements would diminish the Ilkellhood of detecllon. Furthermore, the risk of nol del8ciing a materlal mis8lat8ment due to fraud is greater Ihan the rlsk of not d&leclSng one resulllng from error, Fraud may Involve deliberate concealment by, for example. forgery Dr inlentlonal mlsrepTesenlallon, or Iliiough an 8Ct of collusion that would mlllgate Intem81 controls .A fijrther descrlpllon of our responslbllitles for the audlt of the rinanclgl slatemenls is located on the webslte of Ihe Financial Reportlng Council at.. http.'lthw.frc.org.ukl audllorsresponsibilltles. Thls descriplion forms part of our auditorfs r8porL A further descrlpllon of our responsibilllles Is avall8ble on the Flnanclal Rep¢yting Councll's wabsite al.. https:11 www.frc.org.uklaudltorsresponslblllt(es. Thls description ftrfms part of our audllorfs report. Ug0 of our report Thls report Is made solely to the ChaiiV3 trustees. as a body. in aordanCe with section 144 of the Ch8rflles Acl 2011 and tha regulalSons made under 8ecllDn 154 of that Act. Our audit work has been undertaken so Ihal we mlghl slate ID the Charity's trustee5 those matters we are requlTed to stale to them in an auditorfs report and for no other purpose. To the fullest extenl permStted by law. we do not accept or assumo re5pun51bility lo anyone oth8r than Ihe Ch8rlty'5 IIu31ees as a body, for our audit work. for this repor( OT for the opinlon5 we have formed. Shilp4 Chheda (Senior Statutory Audltor) For and on behalf of KLSA LLP. Statutory Audilor Chartered Accountants Kalamu House 11 Coldbalh Square London EC1R 5HL 9 September 2025
THE LADUMA DHAMECHA CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted funds 2025 Unrestrfcted funds 2024 Notes Incom• from: Donations Investments 2,001,000 296,952 2,120,000 388,203 Tot41 In¢om• 2,297,952 2,508,203 Expendlturo on: ab Donations Govemance Costs 1,859,238 3,362 1,624,314 3.121 Totsl charltsble expendlture 1,882,800 1,627,435 Total expendlturn 1,882,600 1,627.435 Net gainsl{lossesl on investm8ntS 10 (329,676) {80.204) Net incomo and movement In funds 105,676 818,564 R•conclllatlon of lund8'. Fund balance5 at l April 2024 4,323,433 3,504,869 Fund balance8 at 31 March 2025 4,429,109 4,323,433 The statement of financial actlvltles includes all galns and10s8e$ re¢ognl$ed in Ihe year, All Income and expenditure derive from continuing activities.
THE LADUMA DHAMECHA CHARITABLE TRUST BALANCE SHEET AS AT31 MARCH 2025 2026 2024 Notes Flxed assets Inv8slments Current assets Cash at bank and in hand 12 3,178,168 2,927,585 1,251,721 1,396,828 Credltors: amounts falllng due wlthin one year 13 (7801 (780) Nat currant assets 1,250,941 1,395,848 Total a88•ts lè•s current Ilabllltlos 4,429,109 4,323,433 Income funda Unrestrlcted funds 4.429.109 4,323,433 4.429.109 4,323.433 The finan signed talements w tsbe approve by the tnistees and authorlsed for issue on 9 September 2025 and are hamecha Trustee
THE LADUMA DHAMECHA CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flovrts from operating actlvitles Cash generated from operations 138,400 492,565 Investlng actlvltles Purchase of investments Proceeds on disposal of investments Investment income {3,280,2581 2,700,000 296,952 (1,200,000) 386,203 Net ca8h uged In Investlng activltle8 (283,3061 1813,797) Net cash u8ed In flnanclng actlvltles Net decrea•e In cash and cash equlvalents (144,9081 1321,232) Cash and cash equivalents at beginning of year 1,396,828 1,717,860 Cash and cash equlvalents at end of yéar 1,251,721 1,396,628
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Accounting conventlon The financial statements have been prepared in accordanc8 Wlth the charity's Igoverning documentl, the Charities Act 2011 , FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. {"FRS 102,1 and the Charlties SORP "Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are preparèd In sterllng, whlch Is the functlonal curr8ncy of the charlty. Monetary amounts in these flnanclal statements are rounded to the nearest £. The accounts 17ave been ppared under the historical cost convention modlfled to Includ8 the market value of investments. The princlpal accounting policies adopted are set out below. 1.2 Golng concern At the tlme of approvlng the flnanclal statements, the trustees have a reasonable expectation that the ch8rity has adequale resources to continue in operational existence for the foreseeable future. Thus the trustee5 continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltabla fund8 Unrestricted fund5 are available for use at the dIsCtion of the trustees in furtherance of their charitable objectives. 1.4 Incomè Donats'ons and other income are accounted into the accounts on a received basls. Income from equilies and any pooled investment vehicles which distrfbute income, is accounted for on an accruals basls on the date stocks are quoted ex4ividend. or in the case of unquoted instruments, when the divldend Is declared. Income from other investments are accounted for on an accrual8 basis. Valuatlon and classlflcatlon of Inv•slment8 Investment assets and liabilities are included in the financial statements at fair value. lfvhere separate bid and offer prices are available, the bid price is used lor investment assets and the offer price for investment Ilabllllies. Otherwise, the closing single price, single deallng price or most recent transaction price Is used. ere quoted or other unit prices are not available. the Trustees adopt valuation techniques appropr6ate to the class of investment. Details of the valuation techniques and principal assumptions are given in the notes to the financial statements wher8 used. The methods of determining falr value for the principal dasses of investments are.. Equities and certain pooled investment vehicles which are traded on an active market are included at the quoted price, which is nomially the bid price. Unitised pooled investment vehicles which are not traded on an active market but where the manager is able to demonstrate that they are priced daily, weekly or at each Month end, and are actually traded on substantially all pricing days are induded al the last price provided by the manager at or belore the year end. 1.5 Expendlture Expenditure is recognised when il is incurred. 10-
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies (Continued) 1.6 Flxgd asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel{expenditurel for the year. Transaction costs are expensed as incurred. 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks and other 5hort-term liquid investments with original maturities of three months or less. Baslc flnancial 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 constltules a financing transactlon, where the transactlon is measured 81 the present value of the future receipts discounted at a market rate of interest. Financial assets classlfied as rec81vable wlthln one year ar8 not aMorSed. 1.8 Forelgn exchango Transactions In currencles other than pounds sterllng are recorded at the rates of exchange prevaillng at the dates of the transactlons. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevalllng on the reporting end date. Gains and 10sse5 arising on translation are included in net incomellexpenditure) for the perlod. 1.9 Taxatlon The trust is a registered charity and accordingly is exernpt from taxatlon on Its income and gain where they are applled for charitable purposes. Crltlcal accountlng egtlmatos and Judgements In the appllcatlon of the Gharily's accounting policies, the trustees are qU5r8d to make judgements, estimate8 and assumpllons about the carrying amount of assets and Ilabllities that are not readily apparenl from other sources. The e5timale5 and associated assumpllons are based on hi51orical experlence and other factors that are considered to be relevant. Actual results may differ from these estimates. The estirnates and undedying 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. Income from donations Unrestrlcted funds 2025 Unrestricted lunds 2024 Donations and gifts 2.001,000 2,120.000 11
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incomè from investmènts Unrestricted Unrastri¢ted fund8 funds 2025 2024 Interest Income from structured note5 Income from dividends Interest receivable 248,873 38.720 11,359 348,576 24.634 12,993 296,952 386,203 Expendlture on charltable actlvltl•8 Donatlons Governance Costs 2025 Total Donatlon• Governancè Costs 2024 Total 2025 2025 2024 2024 Dlrect Donations- UK Donations- Non UK 133,306 1,725,932 133,306 1,725,932 382,209 1,242,105 382,209 1,242,105 1,859,238 1,859,238 1.624,314 1,624.314 Share ol support and govomanc• cost•18•0 note 61 Govemance 3,362 3,362 3,121 3,121 1,859,238 3,362 1,862,800 1,624,314 3,121 1,627,435 Analysls by fund Unrestricte(t funds 1,859.238 3,362 1,882,600 1,624,314 3,121 1,627,435 Support costs allocated to actlvltle• 2025 2024 Governance costs 3,362 3,121 2025 2024 Govemance costs comprlse". Audit fees Bank charges 1.860 1,502 1,470 1,651 3.362 3.121 12-
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movement In funds 2025 2024 The net movement in fijnds is Stated after chargingl(crediting): Fees payable for the audit of the charivs financial statements 1,860 1,470 Trustee8 None of the trustees (or any persons connected with them) recelved any remuneration or reimbursed for expenses during the year. Employees Th8 average monthly number of employe88 during the yearwas: 2025 Number 2024 Number Totsl There were no employees whose annual remuneration was more than £eo,000. 10 Galns and lo••e• on Inve•tments Unrogtrlcted Unre8trlct•d lund8 fund• 2025 2024 Galn81{108sesl arising on.. Revaluation of investments 1329,6761 (60,204) 11 Taxatlon The charlty Is exempt from taxation on its activitie5 beoause 811 its income is applied for charft8ble purpose5.
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Flxed asset invostments Llsted Unlisted Investments Investments Total Cost or valuatlon At 1 April 2024 Additions Valuation change8 Disposals 227,585 1,280,259 (329,6761 2,700,000 2,000,000 2,927.585 3,280,259 1329,6761 12,700,000) {2,700.0001 At 31 March 2025 1,178,168 2,000,000 3,178,168 Carrylng amount At 31 March 2025 1,178,168 2,000,000 3,178,168 At 31 March 2024 227,585 2,700,000 2,927,585 The total purchases durlng thè yèar werè £3.280,259 (2024.. £1,200,000). The change in market value of the investments during the year comprises of all increases and decreases in the market value of investments held at any time durlng the year, including profits and losses realised on sale on investments during the year. Please see note 15 for details. 13 Credltor8: amounts falllng due wlthin on• y••r 2025 2024 Accru81s and deferred Income 780 780 14 Unre8tricted funds The unrestricted funds of the charity comprlse the unexpended balances of donatlons and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated fund5 which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Apr51 2024 Incomlng resources Rèsources expended Galns and At 31 March losses 2025 General funds 4,323,433 2,297,952 11,862,600) 1329,676) 4,429,109 Prevlous year: At 1 Aprll 2023 Incoming resources Resources expended Galng and At 31 March losses 2024 General funds 3.504,869 2,506,203 11,627,435) (60,204) 4,323.433 14-
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Falr value of invastments The fair value of investments has been detemiined using the followlng hierarchy Category (a)- Mthere there is a quoted price for an identical asset in an active market at the reporting date Catègory (b)- Where quoted prlces are not avallable and recent transactions of an Idenllcal asset on their own are either unavailable or not a good estimate of fair value and therefore valuation techniques are employed using obser4abl8 markel data or non-observable data Th8 chadty Investment assets and Ilabllltiès hav8 been Induded al fair valuelco8t withln the$8 categories for the year ending 31 March 2025 are as follows.. Cats uit - Quoted Shares Structured Notes otsl otal 1,178.168 2,000,000 3,178.168 1,178,168 ,000,000 2,000,000 1,178,168 Analysis for the prior year ending 31 March 2024 is as follows.. Cate Quoted Share$ Structured Notes otsl b) 27,585 227,585 2,700,000 2,927,585 ,700,000 2,700,000 227,585 15-
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Investment risk5 The disclosure Df informatlon In relation to certain investment risks, Credlt rlsk.. this is the risk that one paty to a financial instrument will cause a financi81 loss for the other paty by failing to discharge an obligation. ma¢t rl$k.' thls comprises currency risk, interest rate risk and other prlce risk. Currèney rl8k: this Is the risk Ihal Ihe falr value or fvture cash flows of a flnancial asset will fluctuate because of changes in foreign exchange rates. Interest rate rl8k'. this 18 the Tlsk Ih81 the falr value or future cash flows of a ff nancial asset wlll fluctuate because of changes in market interest rates. Other prfce rlsk.. this is the risk Ihal the falr valu8 or fijture cash flows of 8 financlal asset wlll ffluctU8te because of changes In market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to Ihe individual financlal Instrurnent or its issuer, or factors affecting all similar financial instruments traded in the market. The Trustees manage investment risks, inclu¢Jing credit risk and market risk, within agreed risk limits which are set taklng Into account the charity strateglc Investment objectlv8s. These investment objectives and risk limits are implemented through the investment management agreements In place with the charity Investrnent managers and monitored by the Trustee5 by regular reviews of the investment portfolio5. The various c19sses of investments are affected by the below financial risks.. Credit r15k CUenCY risk Interest rate risk Further Informatlon on the Trustees, approach to rlsk management, credit and market rlsk is set out below. Investment Btrategy The Trustees, objective is to make avai18ble to members of the charity an appropriate range of Investment optlons deslgned to generate Incom8 and capital growth. The day to day management of the undertylng investments of the funds is undertaken by th8 trustees themselves, includlng the dlrect management of credlt and market risks. Credlt rlsk The Charity is subject to indirect Gredit and rnarket risk arising from the underlying inveslments held in the foreign bond5. The Trustees only invest in funds where the financial insltuments and all counlerparlles are at least investment grade. Market risk The Charity is subject to foreign exchange and irrterest rate risk arising fram the undertying financial instruments held in the funds. 17 Related party transactions The charltable trust received donations of £2,001,000 (2024= £2,000,000) from companies which have common directors and trustees. 16-
THE LADUMA DHAMECHA CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Cash generated from operations 2025 2024 Surplus for the year 105,676 818,564 Adjustmènts for: Investment income recognised in statement of financial activltles Falr value gains and10sses on inveslments (296,9521 329,676 (386.203) 60,204 Cash generated from op•rntlonJ 138,400 492,585 19 Analy¥l• of change• In net funds The charity had no material debt durlng the year. 17-