KANNADIGARU UK COMMUNITY INTEREST COMPANY

Company Registration Number:
06704767 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The company was formed for the purpose promoting Kannada Language and Culture in the UK and among Kannada speaking community resident in the country. One of the main objectives of the company is to mobilise all Kannada speaking people in UK. The company continued its initiative of teaching Kannada language to children and adults of the community that started in 2010. The company also started sports activities for the community and organised training, tournaments, matches with international teams as part of this initiative. The company continued annual membership scheme to provide benefits to community members. The company hosted many cultural and musical events for the community members to experience the Indian culture and heritage. A group was created under the company for professionals and entrepreneurs to share, promote and help fellow members to grow their business and advance in the professional area.

Political and charitable donations

The company has not made any political or charitable donations during the financial year.

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

Ganapati Bhat
Anil Kumar Kondebettu
Vinay Chandra Rao


The director shown below has held office during the period of
1 October 2023 to 23 September 2024

Vivek Megarvalli Jayachandra Hegde


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
29 June 2025

And signed on behalf of the board by:
Name: Vinay Chandra Rao
Status: Director

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 42,628 88,509
Cost of sales: ( 40,827 ) ( 73,943 )
Gross profit(or loss): 1,801 14,566
Administrative expenses: ( 1,366 ) ( 394 )
Operating profit(or loss): 435 14,172
Profit(or loss) before tax: 435 14,172
Profit(or loss) for the financial year: 435 14,172

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 637
Total fixed assets: 0 637
Current assets
Cash at bank and in hand: 41,246 37,596
Total current assets: 41,246 37,596
Prepayments and accrued income: 2,200 777
Creditors: amounts falling due within one year: 4 ( 17,632 ) ( 35,637 )
Net current assets (liabilities): 25,814 2,736
Total assets less current liabilities: 25,814 3,373
Creditors: amounts falling due after more than one year: 5 ( 22,005 )
Total net assets (liabilities): 3,809 3,373
Capital and reserves
Called up share capital: 800 800
Other reserves: 5,156 5,155
Profit and loss account: (2,147 ) (2,582 )
Total Shareholders' funds: 3,809 3,373

The notes form part of these financial statements

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 June 2025
and signed on behalf of the board by:

Name: Vinay Chandra Rao
Status: Director

The notes form part of these financial statements

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the contributions received from event attendees, students and sponsorships from business houses toward cultural/sports events and film workshops. It also includes contributions received for Kannada Kali classes, annual members and sports club members. The company has not been involved with any buying or selling of goods or services in the financial year.

    Tangible fixed assets depreciation policy

    The depreciation is provided, after taking into account any grants receivable, at the annual rates in order to write off each asset over its useful life. However, electronic equipments used for the sports activities have been charged off during the capitalisation year.

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 637 637
Additions 1,336 1,336
Disposals
Revaluations
Transfers
At 30 September 2024 1,973 1,973
Depreciation
At 1 October 2023 0 0
Charge for year 1,973 1,973
On disposals
Other adjustments
At 30 September 2024 1,973 1,973
Net book value
At 30 September 2024 0 0
At 30 September 2023 637 637

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 17,632 35,637
Total 17,632 35,637

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due after more than one year note

2024
£
Other creditors 22,005
Total 22,005

COMMUNITY INTEREST ANNUAL REPORT

KANNADIGARU UK COMMUNITY INTEREST COMPANY

Company Number: 06704767 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

No remuneration was received

Transfer of assets

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