2. Vision
Kusuma
Trust
UK
(The
Trust)
believes
that
every
child
and
young
Mission
Programmes
young
people
by
providing
pathways
to
rewarding
employment
Kusuma
Trust
UK
2 Annual
Review
2011-‐2012
3. Contents
Chairman’s
Statement
4
Partners
6
Children
At-‐Risk
11
Internet
and
Open
Space
11
Annual
Report
and
Accounts
13
Kusuma
Trust
UK
3
4. Chairman’s
Statement
Enabling
social
change
through
philanthropy
strategy
agreed
in
2011
and
strengthened
our
grant-‐ John
G
Rhodes
Chairman
Kusuma
Trust
UK
4 Annual
Review
2011-‐2012
5. commissioned
research
to
evaluate
the
outcomes
and
with
partners
to
discuss
and
implement
improvements
in
“Transforming
school
governance
and
management
by
developing
the
Kusuma
Trust
UK
Annual
Review
2011-‐2012
6. Partners
Agranee
Jana
Kalyan
Anusthan
iCommons
iPartner
India
Pragathi
Seva
Samithi
Pratham
Sadhana
Sarvodaya
Ashram
The
Open
University
UK
Udayan
Care
Kusuma
Trust
UK
6
7. children
and
young
people
get
the
opportunity
to
create
was
renewed
and
we
supported
secondary
Science
Kusuma
Udayan
Shalini
Fellowship
Kusuma
Ratna 1
Fellowship
Kusuma
Udayan
Shalini 2
Fellowship
Kusuma
Young
Achievers’
Award
in
mentors
and
encouraged
to
set
academic
and
personal
Number
of
Number
of
In
Secondary
In
Higher
Scholarship Students Cohorts
2
Kusuma
Trust
UK
Annual
Review
2011-‐2012
8. 4
%
100
80
60
40
20
0
Ratna
Fellows Shalini
Fellows Achiever
Fellows
Passed Scored
60%
and
above
%
100
80
A
doctor
in
the
making
60
40
20
0
Udaan
Class
5 Pehchaan
Class
8
A
grade A+
grade
“We
will
provide
all
the
support
we
can
to
help
our
daughter
complete
her
Kusuma
Ratna
Fellow
since
2010
Mobile
Science
Laboratories
Kusuma
Trust
UK
8 Annual
Review
2011-‐2012
9. the
only
girl
in
my
village
who
selected
Udaan
and
Pehchaan
learning
delivered
by
specially
trained
teachers
to
Udaan
provides
learning
at
primary
school
level
%
100
80
60
40
20
0
Udaan
Class
5 Pehchaan
Class
8
A
grade A+
grade
Kusuma
School
of
Biological
Sciences
research
programmes
at
under-‐graduate
and
post-‐
understand
and
conceptualise
ideas
more
readily
than
laboratories
will
be
built
in
2012
and
the
academic
laboratories
in
government
schools
and
train
teachers
Kusuma
Trust
UK
Annual
Review
2011-‐2012 9
10. 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
Annual
Review
2011-‐2012
11. Children
Internet
and
Open
Space
India
is
home
to
millions
of
Training
using
the
Saarathi iCommons’
Building
Open
Sharing
Resources
Accessibility
and
Access
to
Knowledge
programme
campaigns
to
ensure
access
to
the
internet
and
other
public
electronic
The
Kusuma
Seva
Kusuma
Trust
UK
Annual
Review
2011-‐2012 11
12. Research
and
Advocacy
integral
part
of
projects
supported
Robust
research
protocols
ensure
that
the
credibility
economically
disadvantaged
children
and
young
people
iPartner
India
Kusuma
Trust
UK
12 Annual
Review
2011-‐2012
13. Kusuma
Trust
UK
Annual
Report
and
Accounts
2011-‐2012
Trustee
Report
for
the
year
Statements
have
been
prepared
in
accordance
with
the
Period Nominal
Real
Return
%
Return
%
(GBP) (GBP)
and
discussed
below
The
investment
policy
is
set
by
the
directors
and
in
doing
The
company
is
limited
by
guarantee
and
does
not
have
a
is
reviewed
with
the
investment
managers
as
the
Trust’s
Risk
Management
Kusuma
Trust
UK
Annual
Review
2011-‐2012 13
14. Plans
for
Future
Periods
published
by
the
Charity
Commission
in
accordance
with
basis
unless
it
is
inappropriate
to
presume
that
the
By
order
of
the
Board
J
G
Rhodes
(Director)
Kusuma
Trust
UK
14 Annual
Review
2011-‐2012
15. Independent
Auditor’s
Report
to
the
trustees
of
Kusuma
Trust
UK
have
been
properly
prepared
in
accordance
with
United
assume
responsibility
to
anyone
other
than
the
charity’s
and
auditor
statements
in
accordance
with
the
small
companies
An
audit
involves
obtaining
evidence
about
the
amounts
company’s
circumstances
and
have
been
consistently
applied
misstatements
or
inconsistencies
we
consider
the
Kusuma
Trust
UK
Annual
Review
2011-‐2012
16. 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
16 Annual
Review
2011-‐2012
17. Balance
Sheet
2012 2011
Note £ £
Fixed
assets
Tangible
assets 10
11
Current
assets
12
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
Annual
Review
2011-‐2012
18. Notes
to
the
Accounts
1
2
£
£
Kusuma
Trust
UK
18 Annual
Review
2011-‐2012
19. 3
2012 2011
£ £
Realised
gain
on
currency
held
4
2012 2011
£
£
2012 2011
£
£
6
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
Risk
Sadhana
(Saarathi)
Kusuma
Trust
UK
Annual
Review
2011-‐2012 19
20. 6 2012 2012 2011 2011
£ £ £ £
Internet
&
Open
Space Awarded
Awarded
Research
Total
2012 2011
£
£
8
Support
Costs 2012 2011
£
£
Social
security
costs
Other
pension
costs
Other
employment
related
costs
Total
payroll
and
related
costs
2012 2011
Number Number
1 1
9
2012 2011
£
£
Kusuma
Trust
UK
Annual
Review
2011-‐2012
21. Tangible
Fixed
Assets
Total
£ £ £ £
Cost
As
at
1
April
2011
As
at
1
April
2011
As
at
1
April
2011
184
11
2012 2011
£ £
Purchases
at
cost
Sales
proceeds
Accrued
Investment
Income
(note
12)
Rothschild
Goldman
Sachs
JP
Morgan
%
%
%
%
By
currency/region
* % % % %
United
States
Pounds
Sterling
Kusuma
Trust
UK
Annual
Review
2011-‐2012 21
22. 12
Debtors 2012 2011
£
£
Prepayments
and
other
debtors
Accrued
investment
income
13
Cash
at
bank
and
in
hand 2012 2011
£
£
Cash
held
by
investment
managers
14
2012 2011
£
£
Accruals
and
creditors
Total
Funds Unrestricted
Endowment
2012
2011
Total Total
£ £ £
£
Tangible
Assets
Investments
16
Financial
Commitments 2012 2011
£
£
Property
Grants
Kusuma
Trust
UK
22 Annual
Review
2011-‐2012
