2005 Summary

Project Funding

The Charity awarded grants to 33 different Indian and Bangladeshi NGOs whose work reflects Karuna's mission: to support and enable the most disadvantaged children, women and men in South Asia to meet their needs, access their rights and participate fully in society. The projects focus on providing access to education to people from the poorest, most marginalised sections of society, including the dalit ("ex-untouchable") people of India and the tribal communities of the Indian Himalyas and the Chittagong Hill Tracts of Bangladesh.

The Karuna Trust aims to form strong, long term partnerships with our project partners as we believe that this is the most effective way of helping communities make progress out of poverty. For this reason we also provide training and capacity building support to a number of our partner charities. On behalf of all our partners and beneficiaries we offer our heartfelt
thanks to all the individuals, charitable trusts and foundations who have supported us over the past year.

M C Baird
Financial Executive
The Karuna Trust

Expenditure in Summary

Governance Costs: 8%
Fundraising and Publicity: 15%
Project Expenditure: 77%

Education: 66%
Self Sufficiency: 17%
Buddhist Projects: 16%
Health: 1%

Expenditure in Detail

The Trustees are happy to report that our income in 2005 exceeded our expectations. We raised a total of £1,200,901 and were able to contribute £907,925 to our overseas work; this enabled us to help an estimated 82,500 boys, girls and adults through 299 projects run by 33 different partner organisations. The increase in our income was largely due to the generosity of our trust donors who contributed a total of £136,955, compared to £77,939 the previous year. The figures presented here are taken from the audited accounts of the Karuna Trust.

Resources Expended

	2005	2004
	£	£
Costs of generating funds:
Fundraising costs of grants and donations	183,649	174,554
Charitable Activities:
Payments of grants	930,092	905,900
Governance costs	99,844	79,994
Total Resources expended	1,213,585	1,160,448
Net movement of funds in the year	-12,684	-29,840
Balance at 1st January 2005	531,961	561,801
Balance at 31st December 2005	519,277	531,961

Balance Sheet to 31 December 2005

	2005	2004
	£	£
Fixed Assets	294,398	313,077
Current Assets	471,002	503,337
Creditors	-246,123	-284,453
Net Assets	519,277	531,961
Represented by :
Reserves
Unrestricted funds	378,900	474,515
Restricted funds	140,377	57,446
Reserves	519,277	531,961

Print this page | Back to top