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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 03686616 (England and Wales) REGISTERED CHARITY NUMBER: 1076598

MISSION INDIA (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Thompson Balch Limited Chartered Accountants Sovereign House 15 Towcester Road Old Stratford Milton Keynes MK19 6AN

MISSION INDIA

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 17

MISSION INDIA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The directors present their report and the financial statements for the year ended 31 March 2021.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects for which the company is established are the advancement of the Christian religion in particular but not exclusively by :-

a) Providing materials to Christians in India to accomplish their goals in ministry;

b) Providing educational and training programmes that enable these individuals to plant worshipping groups;

c) Obtaining income generation grants that enable these individuals and their supporting workers to become self-sustaining in material distribution and the planting of worshipping groups.

The main activity is to fundraise throughout the UK in order to carry out the main objectives in India. Fundraising activities are undertaken mostly through mail to existing donors with regular giving encouraged through the use of standing orders. The council seek to expand the donor list through targeted mailings as well as promotions through personal contact.

Three main programmes are supported in India :-

Public benefit

When considering what projects to support, the council have had regard to the guidance issued by the Charity Commission on public benefit.

Volunteers

All council members are volunteers. In addition a number of donors provide their time and effort in a voluntary manner to promote awareness of Mission India and its objectives.

The contribution of volunteers is greatly valued.

ACHIEVEMENT AND PERFORMANCE

During this year the charity has continued to see an increase in its donations for its three major programmes. This is due to the raising of awareness of the charity by the employees and trustees and as a result of successful advocacy campaigns, highlighting the raising levels of persecution in India and a relief programme specific to the impact of COVID-19 in India.

During the year donations totalling £122,838 were sent to projects in India, this has enabled more Indian children and their families to receive the Good News of Jesus and for new worshipping groups to be established. India's Christians are passionate about sharing the Christian message in their communities but most lack the tools and training to effectively reach the nation. Mission India has assisted these men and women through our Training Programme. We also sent £177,316 to India for the Relief Fund. This was for production and distribution of Relief Kits.

More detail of the individual projects supported is given in note 14 of the accounts.

Page 1

MISSION INDIA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

FINANCIAL REVIEW

The results for the year are reported in the Statement of Financial Activities on Page 6. There is an overall surplus of Income during the year of £39,769. Campaigns targeted at the specific projects have been particularly successful with an increase in restricted donations of over £217,000 on last year.This, and the relief effort, has enabled a total of £300,154 to be sent to India.

The Council prepare an annual budget which is monitored at their quarterly meetings.This year, taking into account the day to day running costs and future funding requirements, it was decided that £50,000 was a reasonable figure to hold in reserves, equating to approximately six months of anticipated expenditure.

Unrestricted Reserves at the year end were £120,213. Any unrequired excess will be transferred to India in the next donation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company was incorporated on 21 December 1998 as a private company limited by guarantee, with the liability of each member limited to £1. It is governed by a Memorandum and Articles of Association. It is also registered with the Charity Commission.

Recruitment and appointment of new trustees

Members are elected by ordinary resolution as a matter of ordinary business. The minimum number of members is three, but there is no limit on the number of members. Every member shall either sign a written consent to become a member or sign the register of members on becoming a member.

The affairs of the company are managed by a Council whose number shall be not less than three. At every annual general meeting one third of the council shall retire by rotation, but if the vacancy is not filled, the retiring member shall if willing to act be deemed to be reappointed.

The council shall elect from their number a Chairman who shall hold office for three years. Any member of the council who has previously held office as Chairman shall be eligible for re-election to that office but shall not consecutively hold that office for more than two terms.

The council meets formally at least four times a year with regular financial reporting on a monthly basis.

One member of the council is an executive with our sister organisation based in Michigan, USA, also called Mission India. The council works closely with the US organisation, as they have set up all the necessary systems and procedures to oversee the work in India and this enables the council to monitor the proper use of their grants. All members of the council have been to see the work in India and the office of the local partner, who assesses all applications to run the individual programmes, ensures proper training of volunteers and teachers and oversees the production of the teaching materials. Proper accountability and reporting procedures have also been implemented for each programme so the council are confident that all grants from the UK are properly used in carrying out the supported programmes.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 03686616 (England and Wales)

Registered Charity number

1076598

Registered office

Sovereign House 15 Towcester Road Old Stratford Milton Keynes MK19 6AN

Page 2

MISSION INDIA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Trustees

The directors of the charitable company (the charity) are its trustees for the purpose of Charity Law and throughout this report are collectively referred to as 'the trustees'.

The directors who served during the year were:-

D E Bustraan C M Spyrou S H Butler F M Waterer G M Brocklebank L E Brocklebank E A de Leyser

Independent Examiner

Denise Balch ACA Thompson Balch Limited Chartered Accountants Sovereign House 15 Towcester Road Old Stratford Milton Keynes MK19 6AN

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Mission India for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Page 3

MISSION INDIA

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 19 July 2021 and signed on its behalf by:

Carrie Spyrou - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MISSION INDIA

Independent examiner's report to the trustees of Mission India ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Denise Balch ACA Thompson Balch Limited Chartered Accountants Sovereign House 15 Towcester Road Old Stratford Milton Keynes MK19 6AN

19 July 2021

Page 5

MISSION INDIA

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
195,143
Investment income
3
11
Total
195,154
EXPENDITURE ON
Raising funds
4
62,702
Charitable activities
5
Charitable Activities
110,010
Governance costs
875
Total
173,587
NET INCOME
21,567
RECONCILIATION OF FUNDS
Total funds brought forward
98,646
TOTAL FUNDS CARRIED FORWARD
120,213
Restricted
funds
£
312,465
-
312,465
80,188
214,075
-
294,263
18,202
11,712
29,914
2021
Total
funds
£
507,608
11
507,619
142,890
324,085
875
467,850
39,769
110,358
150,127
2020
Total
funds
£
235,963
55
236,018
95,252
119,594
847
215,693
20,325
90,033
110,358

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 6

MISSION INDIA

BALANCE SHEET 31 MARCH 2021

Notes
CURRENT ASSETS
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS
2021
£
152,270
(2,143)
150,127
150,127
150,127
120,213
29,914
150,127
2020
£
112,422
(2,064)
110,358
110,358
110,358
98,646
11,712
110,358

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19 July 2021 and were signed on its behalf by:

Carrie Spyrou - Trustee

The notes form part of these financial statements

Page 7

MISSION INDIA

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period
2021
£
39,848
39,848
39,848
112,422
152,270
2020
£
20,641
20,641
20,641
91,781
112,422

The notes form part of these financial statements

Page 8

MISSION INDIA

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Increase in creditors
Net cash provided by operations
2021
£
39,769
79
39,848
2020
£
20,325
316
20,641

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/20 Cash flow At 31/3/21
£ £ £
Net cash
Cash at bank 112,422 39,848 152,270
112,422 39,848 152,270
Total 112,422 39,848 152,270

The notes form part of these financial statements

Page 9

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities 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 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Governance costs

Governance costs comprise all costs involving public accountability of the charity and it's compliance with regulation and good practice.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 10

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2.
DONATIONS AND LEGACIES
Donations and gifts
Income tax reclaimed
3.
INVESTMENT INCOME
Interest received
4.
RAISING FUNDS
Raising donations and legacies
Staff costs
Employee expenses
Direct mailing costs
Fundraising costs
Office administration
5.
CHARITABLE ACTIVITIES COSTS
Charitable Activities
Governance costs
Direct
Costs (see
note 6)
£
324,085
-
324,085
2021
£
462,763
44,845
507,608
2021
£
11
2021
£
34,850
1,223
9,684
89,637
7,496
142,890
Support
costs (see
note 7)
£
-
875
875
2020
£
212,135
23,828
2020
£
212,135
23,828
235,963
2020
£
55
2020
£
36,667
7,091
10,710
33,148
7,636
2020
£
55
95,252
Totals
£
324,085
875
324,960

Page 11

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Donations to projects
Office administration
Bank charges
Postage
Subscriptions
Miscellaneous
Recruitment costs
Prayer mobilisation
2021
£
14,931
300,154
1,744
144
1,063
783
1,976
790
2,500
324,085
2020
£
15,714
95,000
5,546
100
860
1,011
839
524
-
119,594

7. SUPPORT COSTS

Governance costs

Governance costs £ 875

8. NET INCOME/(EXPENDITURE)

Net Income is stated after charging : 2020 2019 £ £ Independent Examiner's fees for reporting on the accounts 487 460 Paid to the Independent Examiner for payroll services 360 350

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

No amounts were paid to trustees for expenses during the year. In the previous year £167 of expenses were reimbursed to a trustee or paid directly to a third party for travel and subsistence.

Page 12

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10. STAFF COSTS

STAFF COSTS
Wages and salaries
Other pension costs
2021
£
48,706
1,075
49,781
2020
£
50,851
1,530
52,381

The average monthly number of employees during the year was as follows:

Fundraising
Administration
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
140,682
Investment income
55
Total
140,737
EXPENDITURE ON
Raising funds
61,062
Charitable activities
Charitable Activities
49,594
Governance costs
847
Total
111,503
NET INCOME/(EXPENDITURE)
29,234
RECONCILIATION OF FUNDS
Total funds brought forward
69,412
TOTAL FUNDS CARRIED FORWARD
98,646
2021
1
1
2
Restricted
funds
£
95,281
-
95,281
34,190
70,000
-
104,190
(8,909)
20,621
11,712
2020
1
1
2
Total
funds
£
235,963
55
236,018
95,252
119,594
847
215,693
20,325
90,033
110,358

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Page 13

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
PAYE owing
Accruals
2021
£
293
1,340
510
2,143
2020
£
327
1,262
475
2,064

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
fund
£
Current assets
122,356
Current liabilities
(2,143)
120,213
Restricted
funds
£
29,914
-
29,914
2021
Total
funds
£
152,270
(2,143)
150,127
2020
Total
funds
£
112,422
(2,064
110,358

14. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
Unrestricted Funds
Restricted funds
Childrens Bible Club
Church Planter Training
Adult Literacy Classes
Bibles
TOTAL FUNDS
At 1/4/20
£
98,646
4,037
7,675
-
-
11,712
110,358
Net
movement
in funds
£
21,567
7,919
(3,966)
5,121
9,128
18,202
39,769
At
31/3/21
£
120,213
11,956
3,709
5,121
9,128
29,914
150,127

Page 14

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
Unrestricted Funds
Restricted funds
Childrens Bible Club
Church Planter Training
Adult Literacy Classes
Bibles
Relief
TOTAL FUNDS
Incoming
resources
£
195,154
42,203
23,634
8,421
16,818
221,389
312,465
507,619
Resources
Movement
expended
in funds
£
£
(173,587)
21,567
(34,284)
7,919
(27,600)
(3,966)
(3,300)
5,121
(7,690)
9,128
(221,389)
-
(294,263)
18,202
(467,850)
39,769

Comparatives for movement in funds

Net
movement At
At 1/4/19 in funds 31/3/20
£ £ £
Unrestricted funds
Unrestricted Funds 69,412 29,234 98,646
Restricted funds
Childrens Bible Club 11,586 (7,549) 4,037
Church Planter Training 7,555 120 7,675
Adult Literacy Classes 89 (89) -
Bibles 1,391 (1,391) -
20,621 (8,909) 11,712
TOTAL FUNDS 90,033 20,325 110,358

Page 15

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
Unrestricted Funds 140,737 (111,503) 29,234
Restricted funds
Childrens Bible Club 31,979 (39,528) (7,549)
Church Planter Training 30,120 (30,000) 120
Adult Literacy Classes 12,323 (12,412) (89)
Bibles 20,859 (22,250) (1,391)
95,281 (104,190) (8,909)
TOTAL FUNDS 236,018 (215,693) 20,325

Restricted Funds

Mission India supports Indian Christians in planting new worshipping groups throughout the nation of India in systematic and measurable ways. By providing financial resources and oversight from the United Kingdom, Mission India completes its ministry through local partners in India, Mission India is interdenominational working with indigenous Indian churches denominations and outreach organisations in the following four areas:

Children's Bible Club

A children's bible club programme is a two week educational event and often continues throughout the year with ongoing worshipping groups. The clubs are led by Indian christian volunteers who serve in their local communities. These leaders are trained and provided with curriculum printed in India's major languages

Church Planter Training

A church planter training programme develops and prepares Indian christians to become Church Planters. Training involves in-class bible lessons, provision of scriptures, tools and supervised field experience..

Adult Literacy Classes

An adult literacy class runs for 52 weeks, held each evening , five days per week.Literacy programmes use primers available in all of India's main languages; lesson materials and lessons on health, selfsustenance and community issues. Basic classroom supplies, such as chalkboards and lanterns are also provided.

Relief Fund

During 2020 and into 2021, India has been devastated by the COVID-19 Pandemic. The rapid spread of the virus has caused considerable suffering to those who were already extremely poor. Many have not been able to find work at all.Those who have, faced decisions on working to feed their families, but with the threat of catching the virus and most likely dying, or not working and facing starvation. Our relief effort provides our ministry partners in India with the funds to produce a Relief Kit containing food, medicines and PPE, which can feed a family and help them to stay safe, and distribute these kits as quickly as possible.

Page 16

MISSION INDIA

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

15. RELATED PARTY DISCLOSURES

No payments to related parties were made in the current year. During the previous year £506 was paid to the sister organisation Mission India USA , for database and website services.

Page 17