Anglo-lndian Concem
UNAUDITED ACCOUNTS FOR THE YEAR ENDING 31 DECEMBER
2023
Charity Registratioll Number 1015136

Anglo-lndian Concern
Contents
Page number
Trustees report
Statement of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-11

Anglo-lndian Concern
Charlty number 1015136
Trustees Report for the year ended 31 December 2023
Structure governance and management
Trustees
The Trustees of the charity at 31 December 2023 were
Jude Lechmere (Chair)
Rachel Thurley
Sarah Thurley
Roz Brench
Kirsten Masson
Dr Suzanne Hamilton
Matthew Gunton
rim Martindale resigned on l April 2023 and Jude Lechmere was appointed on that date as chair.
Trust Deed ond objects
Anglo-lndian Concern (AIC} is an unincorporated charitable trust created by Trust Deed dated 8
October 1992. The objects of the trust are the relief of poverty and sickness, the advancement of
education and religion, relief for the elderly. in India.
Manogement
The trust is managed on a day to day basis by the Trustees in the UK and in conjunction with a
charity in India called The Wine Charitable Trust {vcri. Any vacancy in the office of Trustee would be
filled in accordance with the provisions of the Trust Deed.
Training for new trustees is reviewed as appropriate on each appointment.
Principal address
GBC Centre
East Chadley Lane
Godmanche5ter
Cambridgeshire
PE29 2BJ
Accountunts
Thomas Quin
15 Station Road
St Eves
Cambridgeshire
PE27 5BH

Achievements during the year
Anglo-lndian Concern works in partnership with the ￿gIStered Indian charity Yhe Vine Charitable
Trust, (VCT) which works mainly among the impoverished section of the Anglo-lndian community,
throughout different parts of the city. Currently we support a total of 85 students in education. The
focus of this work is in Chennai, Tamil Nadu.
This includes the full or partial payment of school fees for 59 students and support for a further 22
students to attend college and 4 students in vocational training places. VCT also distributed funds to
individual young people including sponsored children to ensure that they have food and clothing.
Food aid and support is also given to adults in need, especially those with disabilities or on extremelv
low income or may be widows.
Following a change in funding from another charity in the USA, the number of older people
supported by vcr has had to reduce to 30 at the present time.
Following on from COVID, face to face contact has been resumed in most situations, and great effort
is made to meet regularly with older people and students to assess needs and offer support also.
In the past year, having moved offices in March 2023, vcr see older people and students in the
office on Monday, Wednesdays and Fridays and use Tuesdays and Thursdays to make home visits to
support those in need.
In 2023 AIC sent funds to vcr in Chennai, to support young people. disadvantaged by the
marginalisation of their community over many years. Some of these funds have been generated in
the UK as sponsorship for individual students. The vcr staff team work incredibly hard to make
accurate and fair assessments of those seeking help. There are three staff members- an office
manager, a social worker and an assistant. vcr is overseen by a board of Trustees.
On the trustee visit in early 2024, the trustees were encouraged to see the level of commitment by
the students to their studies and the achievements they were making. The parents of many current
students had had to drop out of school at 8th Standard or below, aged 13/14, as they needed to help
with family finances, but through the action of VCT in these communities, this threshold has visibly
lifted with many students staying in education up until 12th Standard, and then going on to
complete formal college degrees including in Business and Commerce and computer science.
Oversight and compliance with charitable purposes
The partnership with Vine Charitable Trust is monTtored by frequent telephone and email contact, by
the receipt of sponsorship reports and details of school and college fees paid. vcr also supplies
copie5 of their audited accounts. By working in partnership with Vine Charitable Trust, the Alc
Trustees have managed to keep abreast of the needs in Chennai and the support required from the
UK.
A trip by 2 trustees in late January and earty February 2024 for 2 weeks resulted in full reports being
made to the Trustees of all aspects of the VCT work, including finance, governance, safeguardin&
student support, educational support and a general report with recommendations forthe future.
The AIC Trustees are satisfied by this monitoring activity, that the funds raised in the UK are being
used by our Indian partner solely for the charitable purposes laid out in the Trust Deed, which
comply with the requirements of the 2(M)6 Charities Act.

Financial Review
The financial statements for 2023 are attached. The support to India was lower than in previous
years as the second transfer was not made until January 2024 as VCT were able to use interest
earned on funds to pay for some of the increased costs.
The travel costs represent the airfares for the trip that the trustee5 made in January 2024. Costs of
the newsletter continue at a lower level as these have increasingly been sent out digitally and a
much cheaper printing option has been found for the remaining copies.
Reserves policy
The Trustees, policy is to maintain a level of income and assets which will enable the continuation of
the aims of the charity for as long as possible. The Trustees, after discussion with the Vine
Charitable Trust, a few years ago, agreed to continue supporting the work 3t the current levels for
the next 5-10 years with an expectation that this would reduce the reserve5 over this period. Due to
a combination of factors including additional giving by donors, favourable variances in the exchange
rate, and from 2022, a reduction in number of students on more expensive further education
courses, the reserves have not been reduced as rapidly as expetted. Reserve leve15 continue to be
monitored as income and costs fluctuate. The trustees and VCT understand th3t the reduction in
reserves will limit the sustainability of the work and have discussed an exit strategy with VCT
focussing on ensuring that current students are able to complete their education.
Investmentpolicy
The Trustees took the decision during 2017 to convert into cash the investments that had previously
been held in the CO Managed funds. This decision was taken in view of the strength of the markets
at the current time which was potentially not Sustainable in the short term and the need to have
some certainty around the funds in the short term to enable the current levels to be sustained. Part
of these funds were placed on deposit. This deposit matured in early 2021 and was renewed for
further two years. There are also funds held in a 60-day notice account to meet shorter term
requirements. Funds are spread acros5 3 organisations to maintain security of the principal.

Risks
The major risks that AIC face are:
the exchange rate risk of the pound to the rupee as this impacts the amount that is
contributed to pay for the education and relief and other costs in India.
uncertainty about future income as donations are dependent on the generosity of donor5.
The trustees have set a reserves policy to cover the risks around the decline in income to ensure
that the education of the current children can be continued for the length of their current courses.
The funds have been placed in different banks to mitigate against credit risk. Due to the uncertainty
about the timing and amount of funds being made to VCT it has not been deemed to be cost
effective to hedge the currency risk.
roved by the trustees of the charity on 6 April 2024 and signed on its behalf by:
chmere
Chair

Anglo-lndian Concern
Charity number 1015136
Statement of Trustees. Responslbilities
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practi￿) and applicable law and regulations.
The law applicable to charities requires the trustees to prepa￿ financlal statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming
resources and application of resour￿5 of the charity for that period. In preparing these financial
statements, the trustees are required to-
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accountin8 Standards have been followed, subject to any material
departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that di5c105e with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the
financial statements comply with the Charities Act 2011, the applicable Charities {Accounts and
Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for
safeguarding the a55ets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Approved by the trustees of the charity on 6 April 2024 and signed on its behalf by:
Jude Lechrnere
Chair

Anglo-lndian Concern
Independent Examiner's Report to the trustees of Angltrlndian Concern
I report on the accounts of the charity for the year ended 31 December 2023 which are set out on
pages 8 to 11.
Respective responsibilitie5 of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit
is not required for this year under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an
independent examination is needed.
It is my responsibility to-
examine the accounts under settion 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity
Commission under section 145{5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
Basis of independent examinerfs report
My examination was carried out in accordance wÈth the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts presented wrth those record5. It also includes consideration of any
unusual items or disclosures in the accounts. and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit and consequently no opinion is given as to whether the accounts present a
'true and fair Vie￿ and the report is limited to those matters set out in the next statement.
Independent examiner's statement
In connection with my examination, no matter has come to my attention".
(l) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
• to prepare accounts which accord with the accounting records and comply with the
accountin8 requirements of the 2011 Act have not been met" or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
15 Station
St Ives
Cambs
PE27 5BH
Date:
CklrfTirtCty IK C£(J .￿rm￿jr3
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Anglo-lndian Concern
Inco￿ and Expenditure kcount
For the Year Ended 31 Decenkner 2023
2023
2022
Income
Gift Aid donations
Other Regular Donations
Legacy
Bank Interest receI￿d
16,349
13.525
13,270
8,616
2,609
4.113
647
3,318
Tax Refunds
Interest on Tax Refunds
36.596
25,853
Charitable Activities
Vine Charity Trust - support v￿rk in India
Valathi Outreach
24,000
1.560
32,000
1,560
{25,560)
(33.560)
Surplus Income over Charitable Aclivities
11.036
17.707)
Other expenditurn
Support costs
Bank charges
stamps, stationery, telephone etc
Other
82
42
105
104
20
Governance cO￿S
Accountants fees
360
1,945
360
TraNel including tra*1 insurance
(2.492)
(528)
(Shothll) Excess of income over expenditure
AcGumulated surplus brought forward
Accumulated surplus carried forward
(8,233)
174,045
165,812
165.812
174.356
All of the charity's activities derive from continuing operations during the above two periods and all
related to unrestricted general funds.

Anglo-lndian Concern
Balance Sheet
As at 31 Decerthr 2023
2023
2022
Current as8ets
Debtors - Tax Refunds
Deblors - Interest
Prepayments
Cash on deposit
Cash at Bank
4.087
2,255
57
3.318
422
70
135,425
26,937
166,172
135.000
33,317
174,716
Current Ilabilities
Accrued expenses
{360)
(360)
(360)
(360)
Net current Assets
174.356
165.812
Net Assets
174.356
165,812
General Funds
Realised General Fund
174,356
165,812
174.356
165,812
The financial statements on pages 8-11 were approved by the Trustees and authorised for issue on
6 April 2024 and signed on their behalf by:
Roz Brench (Trustee)

Anglo-lndian Concern
Notes to the Financial Ststements for the Year Ended 31 December 2023
l. Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021 (effective l January 2015)- {Charities SORP (FRS 102)>, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.
Basis of preparntion
Anglo-lndian Concern meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accountin8 policy notes.
Exemption from preparing a cash flow statement
The charity Opted to early adopt Bulletin I published on 2 February 2016 and have therefore not
included a cash flow statement in these financial statements.
Going concem
The trustees consider that there are no material uncertainties about the charity's ability to continue
as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a
general nature is recognised when the charity has entitlement to the income, it is probable that the
income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the
amount can be reliably measured.
Investment income
Interest is recognised in accordance with the temis of the fixed rate agreement for fixed rate
accounts.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category.
Support costs
Support costs include printing and distribution of the newsletter, bank costs and the maintenance of
the website.
io

Anglo-lndian Concern
Notes to the Financial Statements for the Year Ended 31 December 2023
(continued)
l. Accounting policies (continued)
Governonce costs
These include the costs attributable to the chariVs compliance with constitutional and statutory
requirements, including independent examination and investment advice. It includes costs of travel
to India to monitor the work of The Vine Charitable Trust (VCT) in India and any Trustee travel
costs.
Taxation
The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains
received within cate8orie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Att 1992. to the extent that such income or gains are
applied exclusively to charitable purposes.
Cash ond cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund stmrture
Unrestricted income funds are general funds that are available for use at the trustees, discretion in
furtherance of the objectives of the charity.
2. Trustees remuneration and expenses
No trustees, nor any persons connected with them. have received any remuneration from the
charity during the year.
No trustees received reimbursement for expenses during the year as the costs of administering the
newsletter have reduced as most of these were sent digitally. Expenses of £98 in relation to the
2021 year were paid after 31 December 2021 and the Trustee made an equivalent donation to the
Charity.
3. Taxation
The charity is a registered charity and is therefore exempt from taxation.
li