for the Period Ended 30 September 2024
| 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 2024
Principal activities of the company
Political and charitable donations
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 three accounting year it has made a turn around and generated marginal 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, supportive public in the form of annual memberships and sports contributions. REVIEW OF DEVELOPMENTS ANDFUTURE 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 to 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 sign of 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 to some extent by recent suprluses.
Directors
The directors shown below have held office during the whole of the period from
1 October 2023
to
30 September 2024
The director shown below has held office during the period of
1 October 2023
to
23 September 2024
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
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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 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 September 2024
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for the Period Ended 30 September 2024
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for the Period Ended 30 September 2024
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for the Period Ended 30 September 2024
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In the current financial year, the company carried out the following activities for the benefit of the community. 1. Cultural Events – the company organised 2 musical concerts, 2 cultural events and one DJ party to allow community members to come together to experience the rich culture and music of Karnataka, India. These events provide an opportunity for the community members to socialise and network while experiencing the cultural events. 2. Kannada Kali (language) classes – the company continued its long ongoing initiative of imparting Kannada language to next generation of the community and also non-Kannada speaking adults. This has been done systematically with text books prescribed by the Kannada Academy,USA for learning Kannada language by the children born/brought up outside India. The language is taught to more than 200 students by 60 voluntary teachers over virtual network classes hosted by Kannada Academy where classes, attendance, syllabus, tests and scorings are managed. This helped immensely the children in the community to learn another language from their parents’ motherland and converse with their relatives back home. The company also secured accreditation from Western Association of Schools and Colleges, USA this program enabling children to have a course completion certificate from a reputed/recognised institute. 3. Annual Membership programme - the company continued its drive of expanding annual membership base for extending benefits and privileges and also to inculcate the community belongingness and spirit. A yearly meeting was held hear from the members what they export from the organisation and also to explain them the activities carried out by the company for the benefit of members/community 4. Film Direction Workshop – the company organised a film direction workshop delivered by an award winning director from Kannada film industry to train the interested community members in art of film direction. 5. Sports Club – the company spawned a sport club wing to organise and manage all sports related activities. The club conducted ECB grade cricket matches providing opportunity to community members to participate in the sport. The club hosted Badminton tournament and Throwball matches where players from across the community participated and also had an opportunity to pay with an Indian National Throwball team. The sports club also organised Cricket for Women and children under the age of 13 years. The company organised Sports days where many village games from India were played by the community members apart from cricket, throwball, chess and carom. 6. KPEG – A KannadigaruUK Professionals and Entrepreneurs group was formed to help share experiences, new initiatives, knowledge among professionals and entrepreneurs to grow their profession and business. This department organised many meetings achieve the group’s goal.
The community members hailing from Karnataka, India are the stakeholders of the company. The company organised many events and members meets where suggestions were heard. As part of initiatives, the Kannada language teaching classes were accredited by Western Association of Schools and Colleges, USA, new students and were inducted into the programme. As part of the measure Sports club wing was spawned to train children in Cricket, to conduct ECB grade cricket matches providing opportunity to community members to participate in the sport. The club hosted Badminton tournament and Throwball matches where players from across the community participated and also had an opportunity to pay with an Indian National Throwball team. The sports club also organised Cricket for Women and children under the age of 13 years. The company organised Sports days where many village games from India were played by the community members apart from cricket, throwball, chess and carom.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
29 June 2025
And signed on behalf of the board by:
Name: Vinay Rao
Status: Director