REGISTERED CHARITY NUMBER: 1074935 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR FRIENDS OF THE CHILDREN OF ORISSA D8vld Slmon Llmited Chartered Cert1fi8d Accountants 5 Jardlne House Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX
FRIENDS OF THE CHILDREN OF ORISSA CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Chalfs Report Report of the Trustees 2 to 4 IndepgfKlent Examlner'8 Roport ststement of Flnanclal Actmtlos Statement of Flnanclal Posltion Notas to tho Flnanclal Statemonts 8 to 11 Dotalled Statement of Flnanclal Actlvttlo$ 12
FRIENDS OF THE CHILDREN OF ORISSA CHAIR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 ThroughoLJt the course of 2024 FOCO has continuéd to support its two NGO partners with r8gLJlar quarterly remitt8nS. As a charlty we have found our own fundraising capability challenging but steady, consequently we set ourselves a firm goal to ensure the right balance between our grants commitments and our regular income. Both our NGO partners continue to support and transform the lives of some of the most vulnerable children and communitles In Odisha. India. Palli Unnayan Seva Samiti IPUSSI runs a school and hostel in Odisha for girfs from vulnerable and destilute families. The Society for Children (SOCHI focus on a range of community empowermenl programmes. FOCO funds of thelr programrnes. Firstly. the Punarjivan Rehabilitation and Educational catch up programm8 based in Jatni. these are focused on children exp8riencing addiclion, homelessness or educational gaps. Secondly the Rayshyak programm8 which rescues children at risk of sexual and labour Irafficking on the railway n8twork. By the end of the calendar year in 2024 at puss there were over 380 children on the school roll, approxlmat8ly 240 of the glrls were Ilvlng in the host81 (many of whom have travelled from th8 remot8 vlllages wher8 th8y are18ss likely to be able to stay in full time education) and over 130 chlldren regularly attending as "day boarders" from six slum areas In 8hubaneswar. The school is potentially running al over capacity in terms of its current classroom slzes, In part this has related to the need to retain at least 40 chlldren at Class X level to retaln Its Rlght to Education Certificatè. Despite this challenge In May 2024 all Class X pupils sat and passed thelr high school board exams. PUSS contlnues to flnd the balancing of thalr expendlture with raising similar revenue difficult. However, during 2024 th8y were supported by two CRS Partn8rshlps - Tech Mahlndra Foundation and Synopsis. Both organisations. in addition to mon8tary grants also contributed lo the educational programme with volunteer and speclallst led events in sclence and other subjects. Unfortunately during 2024 PUSS h8d its application for a renewal of their Foreign Currency Regulatlon Act reglstratlon turned down. Cons8quenlly FOCO was not abl8 to r&mit diredly to the charity for the latter part of the yaar, In response to this news PUSS introduced FOCO lo a local NGO called Voluntary Agency for Social Actlon (VASAI. Establish8d In 1995 thelr mlssSon Ss lo support rural 8nd trlbal pèoples through social projecls focused on the empowerm8nt of women and children. FOCO agreed to a new partnership with VASA in whlch they provld8 prol8Ct and flnanclal support dir8Ctly to PUSS via our donations. SOCH runs Its Punallvan (meaning rebirth) programme at the Jatni centre. The original funds to establlsh thls centr8 were provided by FOCO and some of our supporters contlnue lo donate specific capital funds to develop their faci1Sties, Includlng new staff quarters and a larg& 2nd floor dining hall. During 2024 th8y successfully completed 3 residential de-addiction camps. This is a four-wgek programme for chlldren wlth substance abuse issues. They also completed thelr 9th 12-week rgsldentlal Edu-bridge programmes deslgned to support children lo get back into educatlon who hav8 dropped out and are not attending School. In support of Ihese speclfic resldentlal camps the SOCH T88m also ran 5 concurrent rem8dlal 'catch-up' class programmas in 5 slums across Bhubaneswar. SOCH'S orlglnal Rakshyak programm8 alms to r8scu8 and resèttle chlldren at risk of Ir8ffi¢king on the railway nelwork. Whllst the team Is prlmarlly concentral8d in the railway hub town of Khurda Ihey arg again expandlng to dellver services at the maln Bhubaneswar statlon. Across th8 202&4 r8POrting year they rescu8d 170 children',141 of whom were boys and 29 were girls. It is Inter8sling to note that n8arly 40% of th8se were 'r8ferrals' coming from railway station and network staff who are attending regular awareness sesslons wlth the SOCH Tearn. This demonstrates the brllllant work SOCH is doing in terms of educatlon and nelwork bulldlng wlth rallway stakeholders. Both PUSS and SOCH worked tlrelessly to support, empower, and 8ncourag8 young children in Odisha to Ilve better lives and hav8 a positlV8 future. Friends of the children of Orissa are so proud to be able to assist our partners to contlnue thelr excellent and much needed work. We are, as ever. extremely grateful for Ihe contlnulng generoslty of our members, corporate supporters, on&off donors and volunteers. We are very grateful for those who glve regularly as thls enables us to plan and meet our regular commltmenls. Especlal thanks go to Hat Trlck Productions for thair significant annual corporate support. We have also benefited from one- off legacy donations. It was with great pleasure that we held a small supporter 8vent in London in May 2024, to honour the contrlbutlons made over rnany d8cad8s by Professor Malcom Harper and Dr Ursula Kraus-Harp8r. It was a lovely opportunilyto meet both old and new supporters alike. The charlty has a supporter Ilst of approxirnately 150 members. Our small committee currently has 8 active participanls. We would like to engage additional supporters and in partlcularwould like to encourage members to take a more active role in the charity. More information aboLtt the work of our charlty and our partners In Indla can b8 found at www.focoindia.org.uk OL Kale Wi150n Chairperson Page 1
FRIENDS OF THE CHILDREN OF ORISSA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report wth the flnanclal statements of the charlty for the year ended 31 December 2024. The truslees have adopted the provlsions of Accountlng and Reportlng by Charitl8s'. Statement of Recommended Practice applicable to charities preparfng thelr accounts in accordance th the Finandal R8POrting Standard appllcable In the UK and Republic of Ireland IFRS 102) (effective 1 January 20191- Abbr8vlations FOCO Friends ofthe Children of Orissa PUSS Palli Unnayan Seva Samitl, the organisation in India providing accommodailon and schoollng for disadvantaged girfs near Bhubaneswar, Orlssa (now officially known as Odisha), India SOCH Society for children. the organisation which runs children's res¢)Je programm8s on the rallway statlon In Khurdha, educatlonal bridge and educational bridge support services at the rehabilitation centre in Jatni, and a variety of other child l young adult community programmes in Bubhaneswar. OBJECTIVES AND ACTIVITIES Objectlves and alms The charity's objects are: Thè relief of poverty, sickness and dlstress and the advanc8m8nt of education in particular of children in Orissa state of India (now know as 'Odisha'). Supporting th8 charltable work of Palli Unnayan Seva Samltl (PUSS) and other charltable organl8atlons In Odlsha state. The pollcles adopted In furthèranc8 of these objects are., Providing the school with funds to contlnue to support the children. Ensuring visitors to Indla on our behalf are aware of and comply wlth our safeguardlng policy. Working with our partners in Indla to h81p them fSnd alternatlve sources of Income to secure the future of their organlsallons. Working in partnershlp wlth other agencies lo provide funds, land, equlpment or services to ben8fit our partners in India. There has been no chang8 in these durlng the year. PUBLIC BENEFIT STATEMENT Our main acllvilles and who we try to help are descrlbed below. All our charitable activities focus on the support and educatlon of chlldr8n In Odisha slat8 and 8re undertaken to further our charllable purposes for the publlc benefit. puss We provlde flnanclal support lo th8 school and hostel which provides for over 300 vuln8rabl8 glrls to b8 safely hous8d and educated. Our regular donatlons are specifically used for the maln (non-teachlngl operational costs for the school and hostel. This Includes.. food cosls, medical and welfare costs, hostel slaff wages, bulldlng r8palr and maintenanc8, transport Costs, extra-curricular activities and addltlonal teaching resources. We conllnue to provide the majority of funds that the NGO raises. Durlng the ca18ndar year of 2024 PUSS did not have their renewal of the Forelgn Currency License application grant8d. For th8 final quarter of the year they therefore partnered wlth the Voluntary Agency for Soclal Actlon (VASA) who have stepped in to provide project and flnanclal management services. SOCH We provide regular support for programmes. Flrstly the Punariivan Programme whlch runs from th8 n8wIy established Jalni Cenlre - this is 8 rolling series of 4 week de-addiction camps for children and and longer 12 week edubridge camps which aim to enable childr8n to catch up on lost schooling and rejoing mainstream educalional institutions. The second programme we support is the Khurda based Rakshyak Program - this alms to Identlfy and rescue children at risk of being trafficked for sexual or labour exploitation. We also contribute lowards SOCH'S central staffing operational costs which support both thes6 programm8s and other communlty based development projects We raise funds through our corporate sponsors. monthly donors and with various fundraising events throughout tho year. our costs are covered by in k5nd donations so no money is diverted from the charity for administration or other costs. Page 2
FRIENDS OF THE CHILDREN OF ORISSA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES ACHIEVEMENTS AND PERFORMANCE During 2024 we provld8d financlal support which allow8d PUSS to increas8 the number of places offered to vuln8rab18 children. This includes the expansion of places offered to 'day boarders,. puplls who are transport8d by bus daily from multiple slum areas in Bhubaneswar. We are particularly pleased at the educational p8rfomiance of the Year X in their final 8xams In whlch all glrls récéived a pass mark. SOCH has had a very successful year in expandlng Its R8habllilalion and Edu-bridge camps run out of the FOCO funded Jatnl c8ntre. We also continuéd to support the excellent anti-trafficking railway rescue project. One of our Trustees (Dr Phlllppa Baylls) visit8d both projects in the last quarter of 2024 lo provide educational support. Dr Baylls had slgnlflcant contact time with PUSS in particular-, thls helped the commlttee to receiv8 additional infomialion about the particular challenges . We hope that other members will bè ablé to visit our partners and see th8 excellent work they do for themselves. FINANCIAL REVIEW Our funding for 2024 has come from a mlx of corporate, Individual donors and from our monthly supporters. Our 2024 income was higher than 2023. this was In part due to sev8ral one-off donations generously provided by our existlng supporter bas8d In response to speclfic requests. We h8ve continued to support our p8rtners In Ind18 vla a regular quartarly remlttance. Our payments to NGO partners marginally exceeded our fundraising income in 2023 but we have achieved a better balance of monles raised and expended than In prevlous years. This was largely due to tight flscal manag8menl of 8XP8ndlture and an acknowledgement that we cannot respond to addltional fundlng requests outside of our quarterly remittance. All trusl8es volunteer their lime so no costs are incurred by the charity or by our partn8rs In Indla. PLANS FOR FUTURE PERIODS The commlttee recognise that the charity has a small pool of supporters and donors who are often personally connected in some way to our two NGO recipients. This limlls our fundralslng capacity but we will aim to build a larger r858rv8 to meet our current partnership commltmenls. We hope to18unch a new webslte Sn 2025 and build a bigger network of supporters to promote 8W8reness of the charity and our obJ8CtIv8s. Simultaneously we have acknowledged wllh our Indi8n NGO partners that the directlon of trav81 must b8 for them to dlverslty thelr Income stream, and In particular to increase their in-country support from CSR and other funders. We will seek to ensure that our remlttances to projects in 2024 match our fundraising income. We remain conscious that our current quarterly remittances cannot Increas8 year on year. We are worklng closely with our NGO partners to support th8ir own efforts lo raise additlonal funds from Indian CSR partners, local organis8tional support and leveraging of 8xisting NGO assets. STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, governance and management The charlly Is controlled by Its governing document. a deed of trust and constitut8s an unlncorporated Charity. Trustees who also fulfil the role of th8 executlve commltt88 ere 8ppointed annually by memb8rs of the charfty at our AGM, or al any general meeting of our members. Any person who supports the charity wlth a donation of £120 or mor8 annually is considered to be a member unless they t811 u5 that they do not wish to do so. All trustses. volunteers and others who vlslt India on our b8half must ablde by the terms of our safeguardlng and privacy policles. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1074935 Principal address The Daws Thornton Way Girton Cambrtdge CB3 ONL Page 3
FRIENDS OF THE CHILDREN OF ORISSA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Professor Malcolm Harp8r Ms Kate Wilson Mrs Kate Bulman Mrs Phlllppa Baylls Ms Linda Deverell Mrs Victorfa Rlzzo Mr Mark Segal Ms Claire Broughton (appointed 10.1.2024) Mr Davld Taylor (appolnt8d 3.7.2024) Independent Examlnor Da8pak Thakrar Oavid Simon Limlt8d Chart8red Certified Accountants 5 Jardine House HarrovSan Busln8ss Vlllage BeSsrOugh Road Harrow Middl858X HA13EX Bankar8 CAF Bank Ltd 25 Kings Hill Avenue Klngs Hlll West Malling ME19 4JQ National W88tminsler Bank PLC Cranfield University Branch College Road Wharley End Bedford MK43 OSR Approved by order of the board of trustees on . and signed on its behalf by.. LLO Ms Kate Wllson - Truste8 Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF THE CHILDREN OF ORISSA Independent examinerfs report to the trustses of Frlends of The Children of Orissa I report to the charlty trustees on my examination of the accounts of Friènds of Th8 Chlldren of Orlssa (th8 Trust) for the year ènded 31 December 2024. Responsibilities and basis of report As the charity trLJStees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {Ihe ACV). report in respect of my examlnatlon of the Trust'5 accounts carried out under Sectlon 145 of the Act and in CayIng out my examination I have followed all applicable Dlrectlons given by the Charity Commission under Section 145(5){b) of the Act. Independent oxamlnorfs statoment I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving m8 cause to believ8 that In any material respect: accountlng records were not kept in respect of the Trust as required by Section 130 of the Act. or the accounts do not accord those r8cords: or the accounts do not comply wlth the applicable requirements concerning the form and contènl of accounts 58t out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any requirement that the accounts glve a true and falr vlew whlch Is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connection with thé examination to which attention should be drawn In this r8POrt in order to enab18 a prop8r understandlng of the accounts to be reached. J)avl' Dgepak Thakrar The Association of Chartered Certiited Accountants D8vld Slmon Llmlted Chartered Certifled Accountants 5 Jardine Hous8 Harrovlan Buslness Village B8ssborough Road Harrow Mlddlesox HA13EX Date.. .3./,.,. /.z02C Page 5
FRIENDS OF THE CHILDREN OF ORISSA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unrestrlctad funds 2023 Total funds Not8S INCOME AND ENDOWMENTS FROM Donations and18gacies 128,810 113,369 Inv8Stm8nt Incom8 555 Total 129,365 113.913 EXPENDITURE ON Charltable actlvltles Expenditure on schoollng through PUSS Expenditure on children's educallon and welfare through SOCH 71,798 89.010 60,029 58,788 Totsl 131,827 147,798 NET INCOMEI(EXPENDITURE) (2,462) (33,885) RECONCILIATION OF FUNDS Total funds brought forward 20,710 54.595 TOTAL FUNDS CARRIED FORWARD 18,248 20.710 The notes form part of these financial ststements PAng. R
FRIENDS OF THE CHILDREN OF ORISSA STATEIAENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 Unrestricted funds 2023 Total funds Notes CURRENT ASSETS Cash at bank 18,248 20.710 NET CURRENT ASSETS 18,248 20.710 TOTAL ASSETS LESS CURRENT LIABILITIES 18,248 20.710 NET ASSETS 18,248 20.710 FUNDS Unrestricted funds 18,24B 20,710 TOTAL FUNDS 18,248 20,710 The fin cia lat8ments were approved by the Board of Truste88 and authorls8d for issu8 nd were signed on Its behalf by: on Ms Kate Wilson - Trustge Th8 not8s form part of these financial statements Paae 7
FRIENDS OF THE CHILDREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basls of preparlng the financlal statements The financial statements of the charity, which is a public benefit entity under FRS 102, have ba8n prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Rèporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019),, Anancial Reporting Standard 102 The Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Ststement of Flnanclal Actlvltles once the charity has entit18ment to the funds. It Is probable that the income will b8 r8C8iV8d and the amount can b8 measured rellably. Expendlture Llabilitt'es are 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 wll be required In settlement and the amount of the oblSgatlon can b8 measured rellably. Exp8ndStur8 Is accounted for on an accruals basis and has been classlfled under headlngs that aggregate all cost related to the category. Where costs cannot be directly attributed to partlcular headings they have b88n allocated to actlvltles on a basls consistent with the use of resources. Taxatlon The charity Is exempt from tax on Its cherft8ble activitles. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the dlscretion of the trustees. R8slricted funds can only be used for particular restricted purposes within the objects of the charity. Restrlctlon5 arlse when specified by the donor or when funds are ralsed for partlcular restrlcted purposes. DONATIONS AND LEGACIES 2024 2023 Donations Recurrlng Donatlons - Non-Recurring Grants from Organisatlons 34,873 1 5,000 78,937 33.289 10.000 70.080 128,810 113,369 INVESTMENT INCOME 2024 2023 Deposit account interest 555 544 CHARITABLE ACTIVITIES COSTS Dlre¢t Costs Expenditure on schoollng through PUSS Expenditure on children's education and welfare through SOCH 71.798 60,029 131,827 Page 8 continued...
FRIENDS OF THE CHILDREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 Decernber 2023. Trustees. expen8OS There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. STAFF COSTS There were no employees during the year. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr8Strlcted funds INCOME AND ENDOWMENTS FROM Donatlons and legacies 113,369 Investment Income Total 113,913 EXPENDITURE ON Charltablg actlvltles Exp8nditur8 on schooling through PUSS Expenditur8 on children's education and welfare through SOCH 89,010 58,788 Total 147,798 NET INCOMEI{EXPENDITUREI (33.8851 RECONCILIATION OF FUNDS Total funds brought forward 54,595 TOTAL FUNDS CARRIED FORWARD 20.710 MOVEMENT IN FUNDS Net movement in funds At 31112124 At 111124 Unrestrlcted funds General fund 20,710 12,462) 18,248 TOTAL FUNDS 20,710 {2,462) 18,248 Page 9 contlnued...
FRIENDS OF THE CHILDREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 MOVEMENT IN FUNDS- continued Net movement in funds. included in the above are as follows.. Incoming rasources Resources 8XP8nded Movement In funds Unrestrlctod funds Gen8ral fund 129,365 (131,827) (2,462 TOTAL FUNDS 129,365 (131,827) (2,462) Comparatlv68 for movamont In funds Net mov8ment In funds At 31112123 At 111123 Unrestrlcted funds General fvnd 54.595 (33,885) 20,710 TOTAL FUNDS 54,595 {33.885) 20.710 Comparatlve net mov8m8nt in funds, Included In th8 abov8 ar8 as follows: Incoming resources Resources expended Movement In funds Unre8trfcted funds General fund 113,913 (147,798) (33,885) TOTAL FUNDS 113,913 (147,798) (33,885) A Current year 12 months and prfor year 12 months comblned rM)Sitlon Is as follows: Net movement in funds At 31112124 At111123 Unrestrlcted funds General fvnd 54.595 136.347) 18,248 TOTAL FUNDS 54.595 (36,347) 18,248 A current year 12 months and prlor year 12 months comblned n8t mov8rn8nt in funds, included in th8 abov8 are as follows.. Incoming resources R8sources expended Mov8ment in funds Unrestrlcted funds General fund 243.278 (279,625) (36,347) TOTAL FUNDS 243,278 (279,625) (36,347) Page 10 continued...
FRIENDS OF THE CHILDREN OF ORISSA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page11
FRIENDS OF THE CHILDREN OF ORISSA DEfAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacies Donations - Recurring Donations- Non-Recurring Grants from Organisations 34,873 15,000 78,937 33,289 10,000 70,080 128,810 113,369 Investment Income Deposit account interest 555 544 Total Incomlng resourc08 129.365 113,913 EXPENDITURE Charltable actlvltles Donatlons to charltabl8 entlll8S Bank charges 131,492 335 147,482 336 131,827 147.798 Total resources expended 131,827 147,798 Not oxpondfture 12,462) 133,8851 Thls page does not form part of the statutory financial statements Page 12