Finance Score: 3

Governance Score: 6

Support Score: 3

Liabilities <10%: +3
Good reserves management: +3
Fundraising costs high: -3

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +3

Overall GiG Score: 12

THE KARUNA TRUST

Karuna works alongside the most excluded people in South Asia, overcoming discrimination with locally-led education, gender equality and sustainable livelihood projects.

Analysis by Giving is Great

Positives:

The charity has received modest backing from several prominent grant makers recently
This charity has a robust balance sheet
Reserves management has been consistently within official guidelines
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Fundraising costs are extremely high relative to funds raised

Established: 37 years

www.karuna.org

info@karuna.org

02077003434

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£2,199	£2,210	£-11	£715	£1,245	£1,187	6.4	23	19
31/03/22		£2,296	£2,158	£139	£654	£1,256	£1,221	6.8	23	10
31/03/21		£2,289	£1,934	£355	£612	£1,118	£1,026	6.4	23	1
31/03/20		£1,895	£1,843	£53	£680	£763	£706	4.6	24	13
31/03/19		£1,822	£1,861	£-39	£699	£710	£677	4.4	25	19
31/03/18		£1,791	£1,917	£-127	£672	£749	£720	4.5	26	0
31/03/17		£1,756	£1,811	£-55	£617	£876	£814	5.4	25	0
31/03/16		£1,830	£1,861	£-31	£601	£932	£793	5.1	26	0
31/03/15		£1,861	£1,748	£113	£546	£962	£928	6.4	23	0
31/03/14		£1,856	£1,580	£276	£480	£849	£810	6.2	21	0
31/03/13	*	£1,552	£1,446	£106	£494	£592	£562	4.7	15	0
31/03/12	*	£1,552	£1,446	£106	£456	£525	£483	4	22	0
31/03/11	*	£1,584	£1,519	£66	£446	£419	£375	3	21	0
31/03/10?	*	£1,604	£1,606	£-2	£477	£353	£282	2.1	13	0
31/12/08		£1,604	£1,606	£-2	£316	£434	£283	2.1	19	0
31/12/07		£1,520	£1,554	£-34	£305	£435	£281	2.2	18	0
31/12/06		£1,357	£1,383	£-27	£0	£0	£0	n/a	0	0
31/12/05		£1,176	£1,194	£-18	£0	£0	£0	n/a	0	0
31/12/04		£1,105	£1,140	£-34	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 33.1%
Fundraising Costs/Total Spending: 32.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 4%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 6.4 months
Net Current Assets/Spending: 5 months
Quick Ratio: 14.3

Asset Split ?

Listed activities

Disability
Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
Human Rights/Religious Or Racial Harmony/Equality Or Diversity
Other Charitable Purposes
Overseas Aid/Famine Relief
Religious Activities
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

How it operates

Acts as an umbrella or resource body
Makes Grants to Organisations
Other charitable activities
Provides services

Where it operates

Bangladesh, India, Nepal,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
Other Defined Groups
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
The General Public/Mankind

Who works here?

23 employees
19 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
The Shears Foundation - The Karuna Trust
£15,000	26/01/2023	Helping the most marginalised communities in South Asia - Core funding
The Shears Foundation - The Karuna Trust
£5,000	24/06/2021	Emergency food relief for 1,200 families following Cyclone Yaas
Staples Trust - ADECOM
£7,000	14/03/2019	Towards its final four-year project to enable ADECOM to become fully sustainable and independent.
Staples Trust - ADECOM
£7,000	14/03/2019	Towards its final four-year project to enable ADECOM to become fully sustainable and independent.
Staples Trust - Development of the ADECOM network - Tamil Nadu
£7,000	16/03/2017	To support the development of the ADECOM network which works to empower women from the Dalit community in Tamil Nadu.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Age Range of Trustees: 41-63

CAROLYN OLGA MILOSEVIC Appointed: 2022, Occupation: Global Director Of Diversity, Equity, Inclusion, Other trusteeship: AID FOR INDIA,

PETER DAVID WHITE Appointed: 2022, Occupation: Trustee Director, Other trusteeship: AID FOR INDIA,

SU YEN TAN Appointed: 2022, Occupation: Finance Director, Other trusteeship: AID FOR INDIA,

SUNDEEP KAUR GREWAL Appointed: 2022, Occupation: : Racial Diversity Co-Ordinator, Other trusteeship: AID FOR INDIA,

VAJRAMUDITA ARMSTRONG (Chair) Appointed: 2018, Occupation: Consultant

Legal constitution

Charitable company registered in England & Wales on 05/06/1987, number: 327461
Registered at Companies House on 15/05/1987, number: 02132178

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

19 returns made; AR13: 1 days late, AR12: 19 days late, AR11: 2 days late, AR10: 26 days late,

Main office

THE KARUNA TRUST
72 HOLLOWAY ROAD
LONDON
N7 8JG

Objectives

(1) THE RELIEF OF POVERTY (2) THE ADVANCEMENT OF EDUCATION (3) THE ADVANCEMENT OF THE BUDDHIST RELIGION (4) THE ADVANCEMENT OF OTHER CHARITABLE PURPOSES ANYWHERE IN THE WORLD.

Defined Area of Benefit:

ANYWHERE IN THE WORLD

Data Sources