Project Mala Charitable Trust
Charity Registration Number
801953
Trustees, Annual Re
ort
FBn
Sta
ements for the year e
31st March 2024
cgall
Charity accounts preparation &
independent examination service

Project Mala Charitable Trust
Charity registration number
801953
Contents
Index
Page
Annual Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Accounts
10

PRUJECT
ffl￿A
Project Mala Charitable Trust
{Charity Registration Number 801953)
Trustees, Annual Report
Reference and Administration details
Charity's Full Name:
Project Mala Charitable Trust
Charity registration number:
801953
Charity's principal address
Model Farm,
The Green, Upper Poppleton,
York
Y026 6DP
Names of the trustees who manage the charity
Trustee name
Office (if any)
Dates acted if not
whole year
Name of person entitled
to appoint trustee
Robin Garland
Chair
Anne Gilmour
Angela Scott
Resigned 27106123
Pujit Gandhi
Appointed 07108/23
Nupur Gandhi
Appointed 07108123
Names and addresses of advisers
Type of advi50r
Name
Address
Investment Advisor
Hargreaves Lansdown
Independent Examiner Karen Wood ACMA,
CGMA
Hiscox Building, Peasholme Green
York
YOI 7PR

PROJECT
ffl￿A
Project Mala Charitable Trust
{Charity Registration Number 801953)
Trustees, Annual Report
Structure, governance and management
Description of the charity's trusts
Type of governing document
Trust Deed dated 7 August 1989
How the charity is constituted
An unincorporated charity
Trustee selertion methods
New trustees are appointed as needs arise and
to ensure that an appropriate range of skills and
experience Is brought to the management of the
trust. Appointment is by existing trustees.
Additional governance issues
The charity is administered by a board of trustees supported by volunteers plus remunerated
administrative support as required.
Objectives and Activities
Summary of the objects of the charity set out in its governing document
The principal objective of the charity is the advancement of education and the relief of poverty
amongst children in India.
The trust supports The Children Emancipation Society which operates Project Mala schools in India.
Currently there are 5 pre-schools, 6 primary, 4 middle, 2 secondary schools and l intermediate
college in the state of Uttar Pradesh, India, supporting over 1,350 underprivileged children in full time
education. The education covers up to 10 years and grades 1-12 of the national curriculum. Most of
these children could have grown up illiterate without the benefit of our work. Nutrition and health care
are provided for all pupils.
Summary of the main activitbes undertaken for the public benefit in relation to these objects
The main beneficiaries at this stage are children in the Uttar Pradesh state of Northern India who
receive education, nutrition and health care through funding provided by the trust.
The trustees consider that they have complied with their duties to have due regard to the public benefit
guidance published by the Charity Commission.

PROJECT
MALA
Project Mala Charitable Trust
(Charity Registration Number 801953)
Trustees. Annual Report
Achievements and Performance
Summary of the main achievements of the charity during the year
The year under review has been another successful one for Pmcf. In particular, the academic
achievements of our children have been outstanding. This year, in class 12 (highest level students) all
our 41 children passed in the 1st division (marks over 900/0).
What is especially pleasing is the enthusiasm of our children. This can only be attributed to the
dedication and hard work of Mukesh, our Director of Education, and his team in India.
Music was taught this year for the first time. We also renovated a number of classrooms and the
science lab.

PROJECT
IIIALA
Project Mala Charitable Trust
(Charity RegTrstration Number 80 I9531
Trustees. Annual Report
Financial Review
Review of the charity's financial position at the end of the period
A surplus of £1 1,926 after loss from exchange but before gains on investment of £15,232 has been
made this year, increasing reserves to £138,505. In the balance sheet investment assets have
increased by £17,452 from £58,043 to £75,495, current assets have increased by £9,756 from
£53,854 to £63,610 and current liabilities have increased by £50 from £550 to £600.
Amount of reserves held
£138,505 of unrestricted reserve
Reserves policy
The trustees adopt the advice of the Charity Commission in seeking to maintain an adequate level of
unrestricted funds to support ongoing work.
Funds materially in deficit
None
Funds held as a custodian trustee
The schools in India are operated by The Children Emancipation Society which is a society registered in
India. The society has it's own trustees. All schools operate under the 'Project Mala, name. Project Mala
supplies approximately 80010 of the costs incurred in India, the balance being raised within the country.
Efforts continue to be made to increase the domestic funding so that in the longer term there is less
reliance on grants from overseas.

PROJECI
n￿LA
Project Mala Charitable Trust
{Charity Registration Number 801953)
Trustees. Annual Report
Trustees. responsibilities in relation to the financial statements
Law applicable to charities in England and Wales requires the trustees to prepare financial statements
for each ftnancial year which give a true and fair view of the charity's financial activities during the year
and of its financial position at the end of the year. In preparing financial statements giving a true and
fair view, the trustees should follow best practice and:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards and statements of recommended practice have been
followed, subject to any 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 accounting records which disclose with reasonable accuracy
the financial position of the charity and which enable them to ascertain the financial position of the
charity and which enable them to ensure that the financial statements comply with the Charities Act.
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.
Declaration
This report was approved by the Board of Trustees
Signed on behalf of-the charity's trustees
Signature
Full Name
RoQifvJ
Position
Date
o*- cl- LOL

Project Mala Charitable Trust
(Charity Registration Number 8019531
Independent examiner's report to the Trustees
of Project Mala Charitable Trust
I report on the accounts of:
Project Mala Charitable Trust
For the year ended:
31st March 2024
Which are set out on pages 7-17
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 145{5)(b) of the Act.
Independent examlnerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any rnaterial respect:
accounting records were not kept in respect of the Trust as required by section 130 of the Act;
or
the accounts do not accord with those records
or
the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair view which is not a matter
considered as 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
accounts to be reached.
1310712024
Karen Wood ACMA, CGMA
Outsource independent examination service
The Hiscox Building
Peasholme Green
York YOI 7PR
Dale

Project Mala Charitable Trust
(Charity Registrntion Number 801953)
Statement of Financial Artivities for the year ended:
31st March 2024
Unrestricted Restricted
funds
funds
2024
Total
2023
Total
Income and endowments from:
Note
Donations and legacies
218,647
10,552
229, 199
231,624
Investments
2,417
2,417
3,115
Other income
831
831
1,728
Total income
221.895
10,552
232,447 236,467
Expenditure on
Note
Raising funds
5,453
5,453
4,104
Charitable activities
203,650
10.552
214,202
270,091
Other expenses
866
866
Total expenditure
209.969
10.552
220,521 274,195
Net incoming/(outgoing) resources before
other recognised gains/(losses)
11,926
11,926 (37,728)
Transfers between funds
10
Gains on investment assets
15.232
15,232
(422)
Net movement in funds
27,158
27,158 {38,150)
Total funds brought forward
111.347
111,347
149,497
Total funds carried forward
138.505
138.505 111,347

Project Mala Charitable Trust
(Charity Registration Number 801953}
Balance sheet as at:
31st March 2024
Note
2024
2023
Fixed assets
Investments
75,495
58,043
Total fixed assets
75,495
58,043
Current assets
Cash at bank and in hand
58,127
48,124
Debtors and prepayments
5,483
5,730
Total current assets
63,610
53,854
Current liabilities: amounts falling due within one year
Accruals
Independent examiner's fees
(600)
(550)
Net current assets/(liabilities)
63,010
53,304
Net assets/(liabilities)
138,505
111,347
Funds of the charity
io
Unrestricted Funds (General)
138,505
111,347
Restricted Funds
Total funds carried fonAfard
138,505
111,347
The financial statements were approved by the trustees and signed on their behalf by:
Signature
Name
ot11￿￿ QAQLAtrJC)
Posrtion
CHAi2hA

Project Mala Charitable Trust
(Charity Registration Number 801953)
ststement of Cash Flows for the year ended:
31st March 2024
Note
Total
2024
Total
2023
Cash flows from operatin9 activities
Net income/(expenditure) for the year
27,158
(38,150)
(Gains)/losses on investments
{15,232)
422
11,926
(37,728)
Worklng capital Changes
(Increase)/decrease in debtors
247
30
Increase/(decrease) in creditors
so
Net cash provided by/ (used In) operating activ6tes
12,223 (37,698)
Cash flows used in investing activities
Purchase of investments
7,168
(13,280)
Sales of investments
(9,500)
10,737
Cash from investing activlties
(2,332)
(2,543)
Change in cash and cash equivalents in the year
9,891
(40,241)
Cash and cash equivalents at l April 2023
48,797
89,038
Cash and cash equivalents at 31 March 2024
58,688
48,797
Cash at bank at 31 March 2024
58,127
48,124
Cash equivalents at 31 March 2024
561
673
58,688
48,797

Project Mala Charitable Trust
(Charity Registration Number 8019531
Notes to the Accounts for the year ended:
31st March 2024
1.1 Basls of accountlng
These accounts have been prepared under the historical cost convention with items recognised at cost
or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts
have been prepared in accordance with the Statement of Recornmended Practice: Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102).
1.2 Change of basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since
last year.
1.3 Change to previous accounts
No changes have been made to accounts for previous years.
2. Accounting policies
2.1 Income
Recognitlon of income
Income is recognised in the Statement of Financial Activities (SOFA) when:
the charity becomes entitled to the resources.
receipt is probable; and
the rnonetary value can be measured with sufficient reliability.
Incoming resources wlth related expendlture
Where incoming resources have ￿lated expenditure. the incoming resources and related expenditure
are reported gross in the SOFA.
Grants and donatlons
Grants and donations are only included in the SOFA when the charity has evidence of entitlement to the
resources and receipt is probable.
Investment income
This is included in the accounts when receivable.
10

Project Mala Charitable Trust
(Charity Registration Nurnber 801953)
Notes to the Accounts for the year ended:
31st March 2024
2.2 Expenditure and Liabilties
Expenditure
Raising funds
Cost of raising funds comprise those costs associated with attracting voluntary income.
Charitable activities
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its
activities and services. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to
pay out resources.
2.3 Assets
Investments
Fixed asset investments are valued at initially at C05t and subsequently at a fair value (their market
value) at the year end.
Foreign currencies
Assets and liabilities in foreign Cu￿enCieS at the year end have been translated into UK Sterling at
the rate of exchange applicable at the date of the Balance Sheet. Transactions In foreign currencies
during the financial year have been translated into sterling using the exchange rate on the day of the
transaction. Exchange rate differences are taken into account in arriving at the operating result.
The total value of assets and liabilities held in foreign currencies at the year-end was £14,859 ($3,942
(US Dollars), $22,700 (AUS Dollars) calculated using applicable exchanges as of 31st March 2024
($0.792 to £1 US Dollars, $0.517 to £1 AUS Dollars).
Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance
of the general objectives of the charity.
Restricted funds are funds which can only be used for particular restricted purposes within the objects
of the charity. Restrictions arise when specified by the donor.
11

Project Mala Charitable Trust
(Chanty Registration Number 8019531
Notes to the Accounts for the year ended:
31st March 2024
3. Income and endowments
Unrestrlcted
funds
Restrlcted Totsi 2024 Unrestrlcted Restrlrted
funds
nds
funds
Totsl
2023
3.1 Donations and
legacies
Donations and gifts
48.781
10.552
59,333
54,583
9,770
64,353
Child sponsorship & scholarship
146,761
146.761
141,812
141,812
Gift Aid
23,105
23,105
25,459
25,459
218,647
10,552 229,199
221,854
9,770 231,624
3.2 Investments
Bank interest
85
85
389
389
Dlvidends
2,332
2.332
2,726
2,726
2.417
2,417
3,115
3,115
3.3 Other income
Sundry income
831
831
Gain on exchange rates
1.728
1.728
831
831
1,728
1,728
Total income
221,895
10.552 231447
226,697
9,770 236,467
12

Project Mala Charitable Trust
(Charity Registrats"on Number 801953)
Notes to the Accounts for the year ended:
31st March 2024
4. Expenditure
Unrestricted
funds
Restricted Total 2024 Unrestrlcted
funds
funds
Restricted Total 2023
funds
4.1 Raising funds
Incurred seeking donations &
sponsorship
5.453
5,453
4.104
4,104
4.2 Charitable actlvltles
Direct school funding costs
180,174
10,552 190,726
234,088
9,770
243,858
Bank transfer fees
iio
iio
147
147
Communications & IT
1,114
1,114
5,496
5,496
General office
147
147
852
852
Insurance & DBS checks
2,134
2,134
524
524
Finance & administration costs
18,600
18,600
18,300
18,300
Travel & subsistence
688
688
390
390
Independent examiner's fees
683
683
524
524
203,650
10,552 214,202
260,321
9,770 270,091
4.3 Other expenditure
L05s on exchange rates
866
866
Total expenditure
209,969
10,552 220.521
264.425
9,770 274,195
13

Project Mala Charitable Trust
Icharity Registration Number 801953)
Notes to the Accounts for the year ended:
31st March 2024
S. Expenses and fees
5.1 Fees for examination of the accounts
2024
2023
Independent Examiner's fees
600
550
Other charges paid lo examiner
83
683
550
6. Investment assets
Cash & cash
Listed
equivalents investments
At cost At fair value
Total
Carrying (fair) value at beginning of year
673
57,370
58,043
Sale of disposals
7,168
(7,168)
Purchase of additions
(9,500)
9,500
Dividends & interest
2,332
2,332
Management fees
(44)
(44)
Prior year adjustment
(68)
(68)
Add/(deduct): net gain/(loss) on revaluation
15,232
15.232
Carrying (fair) value at end of year
561
74,934
75.495
Comprising:
Cash at cost
561
Investments at fair value
74,934
75,495
14

Project Mala Charitable Trust
(Charity Registration Number 801953)
Notes to the Accounts for the year ended:
31st March 2024
7. Cash at bank and in hand
Unrestricted Restrlrted
funds
funds
Total 2024 Total 2023
Royal Bank of Scotland current
9.688
9,688
8,406
Royal Bank of Scotland deposlt
5,542
5,542
459
The Co-operative Bank
27.766
27,766
15,328
Paypal in GB£
272
272
325
Paypal in AUS$
70
70
Capital One Bank
3,123
3,123
8,976
Westpac Community Solutions One
11,666
11,666
14,630
58.127
58,127
48.124
8. Debtors & prepayments
2024
2023
Debtors & prepayments
Gift aid
5,483
5,730
5.483
5,730
9. Creditors and accruals
2024
2023
Analysis of creditors falling due within one year
Independent examiner's fee
600
550
600
550
15

Project Mala Charitable Trust
(Charity Registration Number 801953}
Notes to the Accounts for the year ended:
31st March 2024
10. Movement of funds
10. l Movement of major funds
2024
Balance bl
Incoming
Outgolng
Transfers
Gain/loss
on invest
Balance c/
fwd
Fund Name
Unrestricted Funds
111,347
221,895 209.969
15,232
138,505
Restricted Funds
Equipment for schools
1.120
1.120
Education
1,896
1,896
Nutrition
7,536
7,536
10,552
10,552
Totsl funds
111.347 232,447 220,521
15.232 138,505
2023
Balance bl
Incomiftg Outgolng
Transfers
Galn/loss
on Invest
Balance cl
fvid
Fund Name
Unrestrirted Funds
149,497
226,697 264,425
(422)
111.347
Restricted Funds
Equipment for schools
LIO
iio
Education
7.044
7,044
Nutrition
2.616
2,616
9.770
9,770
Total funds
149,497 236,467 274,195
(422) 111.347
16

Project Mala Charitable Trust
(Charily Registratson Number 80 1953)
Notes to the Accounts for the year ended:
31st March 2024
11.2 Details of Funds Held
Unrestricted Funds General
The general fund is unrestricted and available for general purposes.
Restrlrted Funds
The restricted funds are only available for the purposes specified for each fund, which are:
Equlpment for Schools
Donatlons given for equipment and uniforms in the schools
Education
Donations given towards fees and expenses for Niraj and Pradeep, past Students, sponsored by
Theo Trust
Nutritlon
A fund to enable the Improvement in physical improvement through healthcare and nutrition.
12. Net assets between funds
Unrestrirted
funds
Restricted
funds
Total 2024
Balances at 31st March 2024
Fixed assets
75,495
75,495
Current assets
63.610
63,610
Current liabilities
(600)
(600)
138.505
138.505
Unrestricted
funds
Restricted
funds
Total 2023
Balances at 31st March 2023
Fixed assets
58,043
58,043
Current assets
53,854
53,854
Current liabilities
(550)
(550)
111.347
111,347
17

Project Mala Charitable Trust
(Charity RegiÉtration Number 801953)
Approval of accounts for the year ended
31st March 2024
The report and accounts were approved at a meeting
of the trustees held on
of JULY ZOL
Date
Signed for and on behalf of the trustees
Signature
Name
CL-IA
Position (e.g. Chair etc)
Og- 07- LOL
Date
18