Kusuma annual review 2011-12

Annual Review 2011-‐2012

Inspiring young people

Kusuma Trust UK


Vision

Kusuma Trust UK (The Trust) believes that every child and young

Mission

Programmes

young people by providing pathways to rewarding employment

Chairman’s Statement 4

Partners 6

Children At-‐Risk 11

Internet and Open Space 11

Annual Report and Accounts 13

Contents

Kusuma Trust UK

3

Kusuma Trust UK


Chairman’s Statement

Enabling social change

through philanthropy

strategy agreed in 2011 and strengthened our grant-‐ John G RhodesChairman

Kusuma Trust UK


school governance and management by developing the

commissioned research to evaluate the outcomes and

with partners to discuss and implement improvements in

“Transforming

PartnersAgranee Jana Kalyan Anusthan

iCommons

iPartner India

Pragathi Seva Samithi

Pratham

Sadhana

Sarvodaya Ashram

The Open University UK

Udayan Care

Kusuma Trust UK

6

Kusuma Trust UK


was renewed and we supported secondary Science

Kusuma Ratna1 Fellowship

Kusuma Udayan Shalini 2 Fellowship

Kusuma Young Achievers’ Award in

mentors and encouraged to set academic and personal

Kusuma Udayan Shalini Fellowship

ScholarshipNumber of Students

Number of Cohorts

In Secondary In Higher

2

children and young people get the opportunity to create

Kusuma Trust UK


“We will provide all the support we

can to help our daughter complete her

Kusuma Ratna Fellow since 2010

0

20

40

60

80

100

%

%

Achiever FellowsShalini FellowsRatna Fellows

Udaan Class 5 Pehchaan Class 8

Passed Scored 60% and above

A grade A+ grade

0

20

40

60

80

100

4

A doctor in the making

Mobile Science Laboratories

Kusuma Trust UK

Annual Review 2011-‐2012 9

understand and conceptualise ideas more readily than

laboratories in government schools and train teachers

the only girl in my village who selected

%

Udaan Class 5 Pehchaan Class 8

A grade A+ grade

0

20

40

60

80

100

Kusuma

School of Biological Sciences

research programmes at under-‐graduate and post-‐

laboratories will be built in 2012 and the academic

Udaan and Pehchaan

learning delivered by specially trained teachers to

Udaan provides learning at primary school level

Kusuma Trust UK


In the Kusuma Mid-‐Day Meals

parents to send children to school and improves

stamina and increasing the physical strength and

Kusuma Mid-‐Day Meal Kitchen to

Teacher Professional

Development in Secondary Science and English

Kusuma Trust UK


iCommons’ Building Open Sharing Resources

Accessibility

and Access to Knowledge programme campaigns to

ensure access to the internet and other public electronic

India is home to millions of

Training using the Saarathi

The Kusuma Seva

Children Internet and

Open Space

Kusuma Trust UK


integral part of projects supported

Robust research protocols ensure that the credibility

iPartner India

economically disadvantaged children and young people

Research and

Advocacy

Kusuma Trust UK


Kusuma Trust UK

Annual Report and Accounts 2011-‐2012

Trustee Report for the year

Statements have been prepared in accordance with the

The company is limited by guarantee and does not have a

Period Nominal Return %

(GBP)

Real Return %

(GBP)

and discussed below

The investment policy is set by the directors and in doing

is reviewed with the investment managers as the Trust’s

Risk Management

Kusuma Trust UK


published by the Charity Commission in accordance with

Plans for Future Periods

basis unless it is inappropriate to presume that the

By order of the BoardJ G Rhodes (Director)

Kusuma Trust UK


Independent Auditor’s Report to the trustees of Kusuma Trust UK

assume responsibility to anyone other than the charity’s

and auditor

An audit involves obtaining evidence about the amounts

company’s circumstances and have been consistently applied

misstatements or inconsistencies we consider the

have been properly prepared in accordance with United

statements in accordance with the small companies

Kusuma Trust UK


Unrestricted Endowment

Total Total

Note £ £ £ £

Voluntary Income

2

Investment Income

Total incoming resources

Resources expended

4

Total resources expended

Net incoming resources for the year before net recognised gains and losses

Other recognised gains and losses

investment assets 11

Realised gain on currency held within investment assets 11

Kusuma Trust UK


Balance Sheet

Note2012

£2011

£Fixed assetsTangible assets 10

11

Current assets12

14

Net current assets

Total funds

J G Rhodes

£

£Net (Outgoing)/Incoming resources for the year

Investment income received

Investment management charges paid

Realised gain on currency held within investment assets

Capital Expenditure and Financial Instruments

Increase in Cash for the year Increase in cash

Kusuma Trust UK


Notes to the Accounts

1

£

£

2

Kusuma Trust UK


2012

£2011

£

Realised gain on currency held

2012

£2011

£

2012

£2011

£

2012

£2011

£

Internet and OpenSpaces

Research and Other

Total

2012 2011

11

1

Internet and Open Space 2 2

Research and Other 2 1

16

2012

£2012

£2011

£2011

£

Awarded Awarded

Sarvodaya Ashram (Udaan and Pehchan)

Open University (Teacher Training)

Children at RiskSadhana (Saarathi)

4

6

3

Kusuma Trust UK


6 2012

£2012

£2011

£2011

£

Internet & Open Space Awarded Awarded

Research

Total

2012

£2011

£

2012

£2011

£

Social security costs

Other pension costs

Other employment related costs

Total payroll and related costs

2012

Number

2011

Number

1 1

2012

£2011

£ 9

8 Support Costs

Kusuma Trust UK


£

£ £Total

£CostAs at 1 April 2011

As at 1 April 2011

As at 1 April 2011 184

2012

£2011

£

Purchases at cost

Sales proceeds

Accrued Investment Income (note 12)

Rothschild Goldman Sachs JP Morgan % % % %

By currency/region * % % % %United States

Pounds Sterling

11

Tangible Fixed Assets

Kusuma Trust UK


2012

£2011

£ Prepayments and other debtors

Accrued investment income

2012

£2011

£

Cash held by investment managers

2012

£2011

£

Accruals and creditors

Unrestricted

£

Endowment

£

2012

Total

£

2011

Total

£

Tangible Assets

Investments

2012

£2011

£

Property

Grants

12 Debtors

13 Cash at bank and in hand

14

Total Funds

16 Financial Commitments

Trustees

Prashant Jain

Bina Rani

Photography

Design

© Kusuma Trust UK 2012

Kusuma Trust UK

Education

Kusuma annual review 2011-12