REGISTERED CHARif( NUMBER: 1074935 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS OR THE YEAR ENDED 310ECEMBER 2023 FRIENDS OF THE CHILDREN OF ORISSA David Simon Umlted Chartered Certified Accounlants 5 Jardine House Harrovian Business Village Bessborough Road Harrow Middlesex HA13EX
FRIENDS OF THE CHILDREN OF ORISSA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Chalrf8 Report Roport of the Truste08 Indèpendent Ex•mlnatB Report ststernent of Flnan¢l•l Actlvlties Statsmont of Flnancial Posltlon Notes to the Fln•nclal Statements 9 10 12 Dotslled Statsment of Flnancial AcUvltle8 13
FRIENDS OF THE CHILDREN OF ORISSA CHAIR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 has continued lo be a challenging year for our project partners in India they have seen the need for their services grow whilst navigating significant cost inflation and a competitive environment for fundraising within India. However, 2023 has also seen both our NGO partners step up their activities to support vulnerable children and communities, with an overall increase of the nurnber of beneficiaries. FOCO has found its own fundraising capabilrty challenge thi5 year,. it has sought to be a stable funder for our NGOS by committing to set quarterly remittances that fit better within the charity's estimatsd c88hflow. Palli Unnayan Seva Samiti IPUSSI runs a school and hostel in Odisha for girls from vulnerable and destitute families. The Soryety for Children (SOCHI focus an rtscuing children lanti-trdffickingl across the railway eort{, their teams also run various programmes to aid rehabilitation and resettlement of children experiencing addiction or homelessness as well as a focus on social, health and wellbeing initiatives. By the end of the calendar year in 2023 at PUSS the We over 320 children on the school roll, approximately 240 of the gids were living in the hostel (many of whom have travelled from the remote villages Whe they are less likely lo be able lo stay in full lime education) and over 80 children regularly allending as day boarders from six slum areas in Bhubane9war. Many of the new admissions come from a particular glum area called Patharabandha. almost 90% of those newly registered identified as Adivasi (Triball girts whose families come from the Keonjhar and Jajpur DBlricts. PUSS has seen a widening operational deficit eeen its funding and ils operational costs. However, despite this challenge the year saw a number of firsts for the school. There has been an investment in teacher training in the STEM educational area5 With new teaching kits and workshops. The school has also begun a programme of counselling support sessions given by Social Work Inlems and additional bridge dasses are now being taught lo children who have mSssed significant schooling in prior years. In May 2023 all Class X pupils sal and passed their high school board exams., real achievement given the effects of covid on their previous schooling. The age of the PUSS maln building and the continuing effects of climatic weather patterns Ifrequent and sustained flooding) on the structure has continued to giv6 rSs8 to concerns over its safety. This Combined with the operating costs deficit has meant PUSS and FOCO discu88ed the financial options to rebuild the school and hostel. The PUSS General Board rnade the deasion, during 2023, 10 instruct the Sale of a separate ple of land donated by 8 previous FOCO supporter. This should provide vitsl funds for future capitsl investment and we look forward lo supporting PUSS through this phase. At SOCH teams have incredibly hard throughout 2023 to build on their existing programmes. Manoj Kumar who runs the SOCH NGO has been successful al attracting additional CSR funding 8ignificanUy effe¢led by being able to 'malch' fund with FOCO regular donations- this has enabled him to o)nlinue to broaden his community development ambitions and strengthen the programme teams with additional skilled aTrd specialist profession81 staff. SOCH runs its Punajivan (meaning rebirth) programme al the Jatni centre. The original funds to establish this centr8 were provided by FOCO and some of our supporters continue to donate specific capital fvnds to develop their facilities. By the end of 2023 they completed their 11th residential d&-addiction camp8, this is a four-week programme for children with substance abuse issues. They also ran three 12-week residential Edu-bridge prograrnmes desi9ned to support hildren to gel back into edUtIon who have dropped out and are not attending school. This includes the fir51 camp that catered specifically fDf 9ids. After each prograrnrne, there is extensive follow-up by the team. The SOCH team has expanded lo provide remedial classes directly within 28 slum locations in Bhubaneswar. This additional community worl( is particulady effective at establishing trusted relationships wtlh those communities and provides opportunrties for recruitrment of eligible childrBn for the rn0 intense edu-bridge camps. SOCH'S original Rakshyak programme aims lo rescue and resettle children al risk of trafficking on the raiVaY eork. Changes in govemment led initiatives laddilional station presen¢% in Bhubaneswar and other locations) has meant Ihe team now cOnntrate this operation in the rail hub town of Khurda. Across the 2023 year they sCUed 154 children.. of whom 139 were sensitively reunited with family and the mained placed in appropriate govemment support programmeg. Both PUSS and SOCH worked tirelessly lo support, empower. and encourage young childn in Odisha to live better Irves and have a positive future. Friends of the children of Orissa are so proud to be able to assist our partners lo continue their excellent and much needed work. We are, as ever, extremely grateful for the continuing generosity of our members, corporate supporters, one-off donors and volunteers. We are very grateful for those who give regularly as this enables us to plan and meet our regular commitments. Especial thanks go to Hat Trick Productions for their significant annual corporate support. We have also benefited from one- off legacy donations. We recognise that we will need to In¢aSe our fundraising capacity to maintsin our c#Jrrent level of support to our partner NGOS. Page 1
FRIENDS OF THE CHILDREN OF ORISSA CHAIR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The charity has a supporter list of approximatsly 150 members. Our small committee currently has 8 8Ctive participants. We would like to engag8 addItonal supporters and in particular Vuld like to encourage members to lake a more active role in the charity. More information about the work of our charity and our partners in India can be found at www.orissa.org.uk. Kate Wilson Chairperson 12 July 2024 Page 2
FRIENDS OF THE CHILDREN OF ORISSA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the pmvisions of Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). Abbreviations FOCO Friends of the Childn of Orissa puss Palli Unnayan Seva Samits. Ihe organisation in India providing accommodation and schooling for disadvantaged girts near Bhubaneswar, Orissa (now officially known as Odishal, India SOCH Society for children, the organisation which runs children's rescue programmes on the railway stalioiis in Khurdha, Berhampur. Puri and Bhubaneswar as well as counselling and support $eNic2s at the rehabilitation centre in Jalni, OBJECTIVES AND ACTIVITIES The tharily'5 objects are.. The lief of poverty. sickness and dislress and the advane6m8nt of educats'on in particular of children in Odisha stale of India. Supporting the charitable work of Palli Unnayan Seva Samiti {PUSSI and othèr charitable organisalion8 in Odisha 8ts1e. The policies adopted in furtherance of these objects are: Providing the school with funds lo continue to support the children. Ensuring visitors to India on our behalf are awa of and comply wlh our safeguarding policy. Working Wlth our partners in India to help them find allemative sources of income lo secur8 the future of their organisation$. Working in partnefship with other agencies to provide funds, land, equipment or services to benefit our partner8 in India. There has been no change in these (luring the year. PUBLIC BENEFIT STATEMENT Our main activite$ and who we try lo help a described below. All our charitable actlvitles focus on the support and education of children in Odisha slate and a undertaken to further our charitable purposes for the public benefit. ss We provKle financial support to the school and hostel which provides for over 300 vulnerable girls to be safely housed and educated. Our regular donations are specifically used for the main Inon-teachingl operational cosls for the school and hostel. This includes.. food costs. medical and welfare costs. hostel stsff wages, building repair and maintenance, transport C081s, extra-curricular 8clivities and additional teathing r&sources. We continue lo provide the majorrty of funds that the NGO rai88S. SOCH We provide regular support for two programmes. Firstly the Punaryivan Programme which runs from the newly established Jalni Centre this is a rolling series of 4 week de-addiclion camps for chIldn and longer 12 week edubridge Camps which aim lo enable children to catch up on lost schooling and rejoin mainstffjam eduG8tional inslilulions. The second programme we support is the Khurda based Rakshyak Program this aims to identify and rescue chIldn al risk of being trafficked for sexual or laboLsr exploitation. We also contribute towards SOCH'5 central stsffing operational costs which gUPPOrt both these programmes and other ccffimunity base4 developmènt projècts. We raise fvnds through our cnrporate Sponsors, monthly donors and with variou5 fundff ising events throughout the year, our arp covered by in kind donations so no money is diverted from the Charity for administration or other costs. ACHIEVEMENTS AND PERFORMANCE During 2023 we provided financial support which allowed PUSS to increase the number of places offered to vulnerable children. This includes the expansion of places offered lo 'day boarders,, pupils who are transported by bus daily from mulb'ple slum areas in Bhubanegwar. We are particularty pkased at the educational performance of the Year X in th8ir final exams. SOCH has had a very succ£ssful year in expanding its Rehabilitation arKI Edu-bridge camps run out of the FOCO funded Jatni centre. We also continued to support the excellent anti-trafFicking railway rescue project, Page 3
FRIENOS OF THE CHILDREN OF ORISSA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 One of our Trustees {Dr Philippa Baylis) visited both projects in earfy 2023 to provrde educational support. Dr Baylis had significant contact ts'me with PUSS in particular, this helped the committee to re1ve additional infomatson provided a great opportunity lo upjate members through our newsletter. We hope that other membetB ¥MII be able to visit our partners and see the excellent work they do for themsefves. Both NGOS have expressed an interest in seeing additional UK volunteers visit and participate with their projects. FINANCIAL REVIEW Our funding for 2023 has come from a mbx of corporate, individual donors and from our monthly supporters. We also received a one-off legacy donation. Our 2023 income tUMed to a similar level to that raised in 2021. significanlly less than donations received in 2022. We have Gontinued to support our partners in India via a regular quarterly mittan. Our payments to NGO partners exceeded our fvndraising income in 2023, however in part this 15 due to the timing of quarterly remittan$ to PUSS and their qUest for an advance payment of donations due in early 2024. We are Working closely with PUSS General Board in developing additional sources of income. these efforts geem likely to corne to fruilion in 2024. Consaous of our donation forecast we concentrated our support for SOCH by funding the Punari'ivan and Rakshyak programmes but were unable to donate to the Pankh prryramme costs in the year. All trustees volunteer their time so no costs a incurred by the charity or by our partners in India. PLANS FOR FUTURE PERIOD8 The committee recognise that in 2023 the was a reducts'on in regular recurritvJ donations whiGh may relate to the UK'S cost of living concErns and l or individual arc#Jmstances with donors. We did not run any specific donation appeals or hold significant fundraising events. We hope lo increase our in parson" fvndraising acts'vitiés, to ensure more sources of fvnds and to promote awareness of the charity and our objectives. We will seek to ensure that our remittances to projects in 2024 match our fundraising income, We remain conscious that our current qu8rtedy remittances cannot increase year on year. We are working dosely with our NGO partner5 10 sUPPOrt their efforts to raise additional funds from Indian CSR partners, local organisalional 8UPPOrt and leveraging of existing NGO assets. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by ils goveming document, a deed of trust and consty'lules an unincorporatsd charity. Tru8le88 who also fulfil the role ol the executive committee are appointed annually by members of the charity at our AGM, or at any general meeting of our members. Any person who supports the charily wlh a donation of £120 or more annualty is considered lo be a member unless they tell us that they do not wish lo do so. All Iruslees, voluntéers and others who visrt India on our behalf must abide by the temis of our safeguarding and privacy policies. REFERENCE AND ADMINISTRAMVE DETAILS Rogistered Charity number 1074935 Princlpal addres8 124 Harfesden Road London NW10 2BB Page 5
FRIENDS OF THE CHILDREN OF ORISSA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Professor Malcolm Hafper Ms Kate Wilson (Chairl Mrs Kate Bulman Dr Philippa Bayli5 Ms Linda Deverell Mrs Victoria Rizza Mr Mat1( Segal (Treasurer) Independent Examiner Deepak Thakrar David Simon Limited Chartered Certified Accountants 5 Jardine House Harrovian Business Villag8 Bessborough Road Harrow Middlesex HA13EX Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ National Westminster Bank PLC Cr8nfield University Branch College Road Wharley End Bedford MK43 OSR Approved by order ofthe board oftrustees on ..-.....12 July 2024...... and signed on its behalf by: Kw9L Ms Kate Wilson - Trustee Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF THE CHILDREN OF ORISSA Independent examlnerfs report to the trustees of Friends of The Children of Orissa I report to the charity trustee5 on my examination of the accounts of Friends of The Children of Orissa (the Trust) for the year ended 31 December 2023. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Act,). I report in respect of my examination of the Trust's accounts carried out urlder Section 145 of th8 Act and in carrying out my examination I have follow8d all applicable Directions given by the Charity Commission under Section 145(5){b) of the Act. Independent examiner'5 5talement I have completed my examination. I confimi that no material matters have come to my attention in connection wth the examination giving me cause to believe Ih8t in any material respect.. accounts'ng records were not kepl in respect of the Trust as required by Section 130 af the Act., or the accounts do not accord with those records.. or the 8ccounts do not comply with the applicable requirements conceming the form and con18nt of accounts set out in the Charities (Accounts and Reports) R8gulahons 2008 other than any requir8rnent thal the accounts giv8 tru8 and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come 8cross no other matters in connectlon with the examination to which attentlon should b8 drawn in this report In order to enable a proper understanding of the accounts to be reached. Deepak Thakrar The Association of Chartered Certified Accountants David Simon Limited Chartered Certifi8d Accountsnts 5 Jardine House Harrovian Business Village Bessborough Road Harrow Middlesex HA13EX Date: .12 July 2024 Page 6
FRIENDS OF THE CHILDREN OF ORISSA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Unrestricted funds 2022 Total funds Note8 INCOME ANO ENDOWMENTS FROM Donations and legacies 113,369 151,003 Investment income $44 169 Total 113913 151,172 EXPENDITURE ON Charltsble activitigs Expenditu on schooling through PUSS Expenditu on railway children through SOCH 89,010 99,592 Total 147 798 163917 NÉT INCOMEI(EXPENDITUREI 133,886) {12,7451 RECONCILIATION OF FUNDS Total funds brought forward 54,596 67,340 TOTAL FUNOS CARRIED FORWARD 54.595 The notes fOn part of Ihege financial statements Page 7
FRIENDS OF THE CHILDREN OF ORISSA STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023 2023 Unregtrlcted funds 2022 Total funds Notes CURRENT ASSETS Debtors Cash al bank 6,000 48,595 20.710 20,710 54,595 NET CURRENT ASSETS 54.595 TOTAL ASSETS LESS CURRENT LIABILITIES 10,710 54,595 NET ASSETS FUNDS Unreslricled fund6 TOTAL FUNDS 54,595 The financial slalement8 were approved by the Board of Trustees and authorised for i88ue on lil.o¥ and were signed on ils behalf by.. ¥, vJ"a Ms Kate Wilson - Trusl8e The notes fomi part of these financial statements Page 8
FRIENDS OF THE CHILOREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the flnancial statsments The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their acu)unts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Chariti85 A¢t 2011. The financial statements have been prepared under the historical cost convention. Incoffle All income is recognised in the Stslement of Financial Ath'vities once the charity has entitlement to the funds, it 15 probable that the inwme will be received and the amount can be measured reliably. Expendlture Liabilities ar8 recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be meagured reliably. Expenditure is acLounted for on an accruals basis and has been classified under headings that aggregate all cost lated to the category. Wnere costs cannot be didIY attributed to particular headings they hav8 been allocated lo activities on a basis consistent with Ihe use of reSoUrs. Taxation The charity is exempt from tax on its charrtable acbvities. Fund aceountlng Unre81rict8d funds can be used in accordan with the charitable objectives al the discretlon of the trusteès. Rastrtcted funds can only bè used for particular restricted purposes within the Dbiects of the chanty. Restrictions arise when Specified by the donor or when funds a raised for parb'cular restricted purposes. DONATIONS AND LEGACIES 2023 2022 Donations Recurring Donations - Non-Recurring Grants from Organisations 33,289 10,000 40,820 3,000 107,183 113369 151.003 INVESTMENT INCOME 2023 2022 Deposit account interest 644 169 CHARITABLE ACTIVITIES COSTS Direct Costs Expenditure on schooling through PUSS Expenditure on railway children through SOCH 89,010 58.788 147 798 Page 9 continued...
FRIENDS OF THE CHILDREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES. REMUNERATION AND BENEFITS The We no trustees, remuneration or other beneffts for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December2023 nor for the year ended 31 DeMber2O22. STAFF COSTS There were no employees during the year. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donatsons and legacies 151,003 Investment income 169 Totsl 151 172 EXPENDITURE ON Charltablo actlvltles Expenditu on gchooling through PUSS Expenditu on railway children through SOCH 99.592 64.325 Total 163,917 NET INCOMEIIEXPENDITUREI 112,7451 RECONCILIATION OF FUNDS Total funds brought fOard 67,340 TOTAL FUNDS CARRIED FORWARD 54,595 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors MOVEMENT IN FUNDS Net movement in funds At 31112123 At 111123 Unrestricted funds General fund 54,595 133,885 20.710 TOTAL FUNDS 33 886) Page 10 continued...
FRIENDS OF THE CHILDREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEM8ER 2023 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources ReSoUrS expended Movement in funds Unrestrlcted funds General fvnd 113.913 (147,798) (33,8861 TOTAL FUNDS 113913 147 798) 33 8861 Comparatives for rnovement In funds Net movement in fund$ At 31112122 At 111122 Unrestrlct8d fund• General lund 67,340 112,745) 54,595 TOTAL FUNDS 67,340 12,745) $4,595 Comparative nel movement in funds, induded in the above are as follows.. InGoming resources Resourc*s expended Movement in funds Unrestricted fund• General fund 151.172 1163,917) 112.745) TOTAL FUNDS 151172 163,9771 12,745) A current year 12 months and prlor year 12 months ¢ombined posltion is as foll¢).. Net movernant in funds Al 31112123 At 111122 Unrestrlcted funds General fund 67,340 146,6301 20,710 TOTAL FUNDS 67,340 46,6301 A curn1 year 12 months and prior year 12 months combined net movement in funds. induded in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrlcted funds General fvnd 265.085 {311,715) 146,630) TOTAL FUNDS 265,085 311,715) 46,6301 Page11 continued..
FRIENDS OF THE CHILDREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 10. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 Dember 2023. Page 12
FRIENDS OF THE CHILDREN OF ORISSA DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 INCOME ANO ENDOWMENTS Donations and legacles Donations Recurring Donations- Non-Recurring Grants from Organisations 33,289 10,000 40,820 3.OCKJ 107,183 113,369 151,003 Investment Incoma Deposit account interest 169 Totsl Incoming rn8Oue8 113,913 151,172 EXPENOITURe Charltsblo actlvltle• Donations to charitable entities Bank charges 147N82 336 163,603 314 147 798 163,917 Total rBsources expended 147,798 163,917 Not expendlture 33,8861 12,7451 This page does not fom part of the statutory financial statements Page 13