for the Period Ended 30 September 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 September 2023
Principal activities of the company
Political and charitable donations
Company policy on disabled employees
Additional information
PRINCIPAL RISKS AND UNCERTAINTIES As the company is a non-profit organisation, it intends to plough back any surplus from the events, to the community via Kannada Kali classes and other community oriented programmes. The company has suffered losses during most of years of operation. However, in the last two accounting year it has made a turn around and generated surplus. Currently it is mainly funded by the directors’ capital contributions and short term interest free advances from its executive committee members, contributions from Kannada Kali students and supportive public. REVIEW OF DEVELOPMENTS AND FUTURE PROSPECTS The company has approached business houses for short term and long term sponsorships. The company envisages organising more classes for teaching Kannada language, Indian classical music and dance and other cultural activities. It has also chalked out plans to collaborate with organisations of similar activities to organise cultural events, sports events and other activities. Because of the persistent efforts by the company to promote the language and the culture, it has gained considerable recognition in the local community and by the authorities in India. In the financial year the company has conducted many batches of online Kannada language teaching classes. With no geographical constraints and the popularity, classes have to be expanded many 6 batches. The main motive of serving the community, with no intention of generating surplus, the events hosted have resulted in incurring more substantial losses in the past. However, due to contributions received from participants and sponsorships from business establishments resulted in a turn around.DIVIDEND AND TRANSFERS TO RESERVES The company working on the principles of not-for-profit and community service motto, there is no plan to distribute any surplus if at all as dividends as it aims to recoup the losses made in earlier years or plough back into the community. Also the substantial losses in the consecutive years have already added to the accumulated losses. But the company is able to recoup losses by recent suprluses.
Directors
The directors shown below have held office during the whole of the period from
1 October 2022 to 30 September 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | ( | |
Total assets less current liabilities: | | ( | |
Total net assets (liabilities): | | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Other reserves: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 30 September 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 30 September 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 October 2022 | | | ||||
Additions | | | ||||
Disposals | | | ||||
Revaluations | | | ||||
Transfers | | | ||||
At 30 September 2023 | | | ||||
Depreciation | ||||||
At 1 October 2022 | | | ||||
Charge for year | | | ||||
On disposals | | | ||||
Other adjustments | | | ||||
At 30 September 2023 | | | ||||
Net book value | ||||||
At 30 September 2023 | | | ||||
At 30 September 2022 | | |
for the Period Ended 30 September 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Other creditors | | |
Total | | |
The company has carried out the following activities for the benefit of the community and stakeholders1. Running online Kannada ;anguageteaching classes for over 300 community children with help of 60 voluntary teachers2. started the Kannada language teaching classes for adults3. Organised cultural events including showcasing Karnataka's folk dance drama such as Yakshagana4. Started Sports tournaments to bring all community sports enthusiasts together5. Helped generate funds to provide sustenance for students under distres6. Worked with High commission of India to organise community gatherings7. Started annual memberships to promote belongingness and extend discounts to the community members for the events and provide other benefits8. Continued organising online Yoga classes the community members for the better health benefits9 Organised members and team meetings to promote bonding
Had regular surveys to understand the needs of the community . Organised cultural and sports events where community opinions are discussed as well.Annual meeting of the members was held to collect opinion.Many social media tools run by the company have provided platform for community and stakeholder consultations from time to time where people seek and provide help.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
28 June 2024
And signed on behalf of the board by:
Name: Vinay Rao
Status: Director