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← City Of Joy Aid, UK

2025-04-30-accounts

CITY OF JOY AID, UK

Annual Report and Financial Statements

for the year ended 30 April 2025

Charity Commission Registration: 1080812

Tandem Accounting Limited 17 Heathville Road London N19 3AL

CITY OF JOY AID, UK

ANNUAL REPORT AND FINANCIAL STATEMENTS 2025 CONTENTS

Page
Legal & administrative information 2
Report of the Trustees 3
Independent Examiner's report to the Trustees 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10

1

CITY OF JOY AID, UK

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 APRIL 2025

Charity Name City of Joy Aid, UK Principal Address 1 The Grove, Parkfield, Latimer, Buckinghamshire, HP5 1UE. Charity Registration 1080812

Governing Document At the initiative of the French writer, Dominique Lapierre, the charity was established under a trust deed, dated 1 February 2000, as amended by resolution dated 23 March 2013.

Trustees The Trustees who served during the year or who were serving at the date of this report were:

Patricia Ann Devlin (Secretary) Rev Liam Stephen Lynch Christopher John Mann (Chair) Rowan Elaine Pugsley

Key Management Those in charge of directing, controlling, running and operating the Charity on a day-to-day Personnel basis are the Trustees. Bankers HSBC 90 Eden Street Kingston upon Thames Surrey KT1 1DJ Independent Examiner John Helm ACA Tandem Accounting Limited 17 Heathville Road London N19 3AL Solicitors Charles Russell Speechly LLP 6 St Andrew Street London EC4A 3LX

2

CITY OF JOY AID, UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

The Trustees submit their report and the financial statements of City Joy Aid, UK (“the Charity”) for the year ended 30 April 2025. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019) and the Financial Reporting Standard 102 (FRS 102). The legal and administrative information set out earlier in this document forms part of this report.

1. Structure, Governance & Management

1.1 The Trustees

Responsibility for the overall management and organisation of the trust rests with the trustees who meet at least once a year. At the trustees' meetings, the trustees agree the broad strategy and areas of activity for the trust, including consideration of grant making, investment, reserves and risk management policies and performance.

The trust is required to have either no less than three trustees or a corporate trustee. The statutory power of appointing new or additional trustees is vested in the settlor, Dominique Lapierre, during his lifetime. Due to ill health, Dominique Lapierre resigned as trustee on 1 February 2013. As a consequence, existing trustees have the power to appoint replacement trustees under s36 of the Trustees Act 1925. Recruitment has been and, in the foreseeable future, will be from persons already conversant with the work of the charity and subject to the agreement of the majority of the existing trustees.

1.2 Risk Management

The trustees are committed to regularly reviewing their internal financial controls in the context of the Charity Commission’s checklist.

The greatest risk to which the charity is exposed continues to be the misuse of money within India. After four years’ where none of the trustees were able to visit Udayan and any other recipients of grant money to ensure the correct use of funds due to the pandemic, two trustees visited both Udayan and ICOD in February 2025 and were satisfied with both NGOs. The trustees continue to take particular care to verify proper use of any grants throughout the year and are in very close contact with the Director and Chair of the Governing Body.

2. Objectives, Activities & Strategies

Objectives and aims

The objective and aims of the charity are the advancement of education and the relief of the inhabitants of India who are suffering hardship and/or illness as a result of local or national disaster or by reason of their social and economic conditions and are in need of assistance. This includes, within the terms of the trust deed, the granting of aid to educational institutions, providing medical care and aid, physical rehabilitation, food and clothing. The trustees may grant this relief through the agencies of other charities.

Public benefit

The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The trustees have referred to the recommendations contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and in settling the grant-making policy for the year.

Grant-making

A total of £68,119 (2024: £17,567) was paid out in grants during the year.

Grants were made to Udayan for the annual budget of the Fred Kahl Health Centre which provides the health care for all 310 children in Udayan’s care including check-ups by health care professionals, medication, treatment, toiletries and related staffing costs. Following a significant donation, the charity was able to support Udayan in a capital expenditure programme replacing one of its two buses which came to the end of its useful life, refurbishing the kitchen and dining hall for the first time in 27 years, some repairs to the boundary wall and drainage system. Further capital expenditure projects are planned for 2025-26.

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CITY OF JOY AID, UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

3. Achievements and Performance

The charity is not committed to any specific achievement or objectives other than to maximize funds raised for the purposes set down in its governing document, and it has been made clear that, in the light of the current economic climate and dwindling income from Dominique Lapierre’s books, the Charity cannot be held exclusively responsible for meeting the home’s budget.

Fundraising activities

Regular supporters have continued to provide some funds, and considerable effort has been put into maintaining constructive relations with major donors, but actual funding events have been regrettably lacking again this year. One of the primary venues for fundraising events, i.e. the hall at St Joan of Arc Catholic School, Rickmansworth was opened in September 2024, and we hope to be able to hold some events.

The trustees are grateful to a donor who made a significant donation of £110,000 to support the capital expenditure programme at Udayan.

Finally, the Charity celebrated its 25[th] anniversary of supporting NGOs in India on 1[st] February 2025.

4. Financial Review

4.1 Financial Activity and Financial Position

The Statement of Financial Activities and Balance Sheet can be found on pages 8 and 9 respectively. The Charity’s reserves increased by £71,971 (2024 – £10,496) during the year primarily due to the timing of various capital expenditure projects planned but not completed in 2024-25. The Balance Sheet shows total net assets of £188,142 (2023: £116,171). The main assets remain the cash and bank deposits and the bond fund investments.

Included in total funds are amounts totalling £171,641 (2023: £101,870) which are restricted. These balances have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed conditions. Full details of these restricted funds can be found in note 8 to the accounts together with an analysis of movements in the year.

4.2 Principal funding sources

The trust's work is entirely reliant on income from public donations and associated gift aid.

The charity was set up in the first instance to act as a conduit for funds donated as a result of the reading of Dominique Lapierre’s books. Donations this year came from visitors to the charity and other related websites, or through personal contacts.

The trustees are exploring grant making trusts to ensure the long-term future of funding the Fred Kahl Health Centre.

4.3 Investment policy and objectives

The trustees have the power to invest trust monies in any property or investments of whatever nature and wherever situated, as they shall in their absolute discretion think fit. The financial objective is primarily to transfer donated funds expeditiously to India for the purposes for which the money has been given, always provided the trustees can be confident that the money is being placed in the hands of fit and proper persons. Any funds, which have not been remitted to India, are transferred from the charity's ordinary HSBC Community account to a Business Money Manager account to accumulate interest.

The money invested in the Schroders Growth Trust for Charities is held with a view primarily to safeguarding the future of Udayan.

4

CITY OF JOY AID, UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025

4.3 Reserves Policy

Although City of Joy Aid, UK has no specific long-term commitments, the trustees are, however, mindful of the challenges to raise funds and continue their support of Udayan and the Fred Kahl Health Centre in particular, in an increasingly insecure atmosphere.

The reserves policy is, therefore, reviewed annually by the trustees who, in the light of the objective to generate the best financial return within an acceptable (i.e. low) level of risk, continue to believe it right to maintain the investment in the Schroders Growth Trust for Charities. This is a Charity Commission authorised Common Investment Fund which, although subject to the fluctuations of the stock market, aims to provide long-term capital growth by investing mainly in UK equities, and which continues to serve City of Joy Aid, UK well.

The Trustees have examined the requirements for free reserves. The Trustees consider that, given the nature of the Charity’s work, free reserves should be equivalent to approximately 12 months’ routine general fund expenditure plus committed future expenditure on other projects, where applicable and where funds permit. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the Charity to cope and respond to unforeseen emergencies whilst specific action plans are implemented.

At 30 April 2025 the Charity had net free reserves of £12,628 (2024: £12,710) as follows:

At 30 April 2025 the Charity had net free reserves of £12,628 (2024: £12,710) as follows:
2025 2024
£ £
Total reserves 188,142 116,171
Less: restricted funds (171,641) (101,870)
Less: unrestricted fixed asset investments (3,791) (5,201)
Free reserves 12,628 12,710
Free reserves requirement: 12 months’ budgeted routine expenditure 1,200 1,200

5. Plans for Future Periods

The Board of Trustees looks to 2025-26 with continued enthusiasm with its new board members now embedded into the charity. They also look to grow the Board of Trustees from four to six trustees in the next couple of years.

The trustees continue to engage with donors and look for new donors and grant making organisations to continue to support the Fred Kahl Health Centre. The capital expenditure programme at Udayan will includes:

6. Responsibilities of The Trustees for the Financial Statements

The Trustees are responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity 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 Charity and of its financial activities for that period. In preparing those financial statements, the Trustees are required to:

5

CITY OF JOY AID, UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 ~~_~~

The Trustees are responsible for keeping proper accounting records which disclose 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 Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

7. Approval

The report of the Trustees was approved by the Board of Trustees on 25 February 2026 and signed on their behalf by:

Christopher J Mann Trustee & Chair

Rev Liam S Lynch Trustee

6

CITY OF JOY AID, UK REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF CITY OF JOY AID ~~_¥~~ I report on the financial statements of City of Joy Aid, UK for the year ended 30 April 2025, set out on pages 8 to 14.

This report is made solely to the Trustees in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trustees for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Trustees consider that an audit is not required for this (under section 144(2) of the Act) and that an independent examination is needed.

It is my responsibility to:

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

INDEPENDENT EXAMINER’S STATEMENT

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

John Helm ACA

25 February 2026

7

CITY OF JOY AID, UK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025

Unrestricted Restricted Unrestricted Restricted
Funds Funds Total Funds Funds Total
Note 2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Income from: 2
Donations and legacies 1,089 136,426 137,515 1,471 21,528 22,999
Investments 2,204 2,595 4,799 908 2,099 3,007
Total Income 3,293 139,021 142,314 2,379 23,627 26,006
Expenditure on:
Charitable activities 3 1,031 68,293 69,324 1,547 17,161 18,708
Total Expenditure 1,031 68,293 69,324 1,547 17,161 18,708
Net gains/(losses) on
investments (62) (957) (1,019) 193 3,005 3,198
Net income 2,200 69,771 71,971 1,025 9,471 10,496
Net movement in funds 2,200 69,771 71,971 1,025 9,471 10,496
Total funds brought forward 14,301 101,870 116,171 13,276 92,399 105,675
Total funds carried forward 16,501 171,641 188,142 14,301 101,870 116,171

8

CITY OF JOY AID, UK

CITY OF JOY AID, UK CITY OF JOY AID, UK CITY OF JOY AID, UK CITY OF JOY AID, UK CITY OF JOY AID, UK CITY OF JOY AID, UK
BALANCE SHEET
AS AT 30 APRIL 2025
Unrestricted
Restricted
~~ee2~~
Funds Funds Total Total
2025 2025 2025 2024
Note £ £ £ £
Fixed Assets
Investments 4 3,791 58,762 62,553 61,257
3,791 58,762 62,553 61,257
Current Assets
Debtors 5 176 771 947 476
Cash At Bank And In Hand 13,434 112,108 125,542 55,338
13,610 112,879 126,489 55,814
Creditors - Amounts Falling Due
Within One Year 6 900 - 900 900
Net Current Assets 12,710 112,879 125,589 54,914
Net Assets 16,501 171,641 188,142 116,171
Represented by:
Restricted Income Funds 7 - 171,641 171,641 101,870
Unrestricted Income Funds 8 16,501 - 16,501 14,301
Total Funds 16,501 171,641 188,142 116,171

The financial statements were approved by the Board of Trustees on 25 February 2026 and signed on its behalf by:

Christopher J Mann Trustee & Chair

Rev Liam S Lynch Trustee

9

CITY OF JOY AID, UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (SORP2019) and the Financial Reporting Standard 102 (FRS102). The financial statements are drawn up on the historical cost basis of accounting.

The financial statements include all transactions, assets and liabilities for which the Charity is responsible in law.

The Charity meets the definition of a public benefit entity under FRS 102.

Going Concern

There are no material uncertainties about the Charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the Charity has entitlement to the income, it is probable the income will be received, and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.

Interest on funds held on deposit is accrued. Dividends receivable from investments are accounted for when received.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The Charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Charitable expenditure includes those costs in fulfilling the Charity’s principal objects, as outlined in the Report of the Trustees. These governance costs which comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.

Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

Taxation

As a charity, the Charity is exempt from tax on income and gains falling within the provisions of the Corporation Taxes Act 2010 or the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen on the Charity.

Fixed Asset Investments

Monies invested in a common investment fund, which mainly invests in United Kingdom equities, are considered freely tradable and are included at the market valuation at the balance sheet date. Realised and unrealised gains and losses on investments are reflected through the Statement of Financial Activities.

Debtors

Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

10

CITY OF JOY AID, UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

1. Accounting Policies (continued)

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount. Provisions have been calculated at the best estimate of the settlement amount and discounted to present value at the reporting date.

Fund accounting

The funds held by the charity are either:

2. Income

2. Income
Unrestricted Restricted
Funds Funds Total Total
2025 2025 2025 2024
£ £ £ £
Donations and legacies
Donations 905 134,894 135,799 21,968
Gift Aid - Income tax reclaimed 184 1,532 1,716 1,031
1,089 136,426 137,515 22,999
Investment income
Dividends 140 2,175 2,315 2,234
Deposit account Interest 2,064 420 2,484 773
2,204 2,595 4,799 3,007
3,293 139,021 142,314 26,006

11

CITY OF JOY AID, UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

3. Expenditure On Charitable Activities

Education and Relief
Udayan
Southern Health Improvement Samity
Governance Costs- independent examination
Bank Charges		 Unrestricted
Funds
2025
£
-
-
0
900
131
1,031		 Restricted
Funds
2025
£
68,119
-
68,119
-
174
68,293		 Total
2025
£
68,119
-
68,119
900
305
69,324
~~:~~		 Total
2024
£
17,462
105
17,567
900
241
18,708

4. Fixed Assets Investments

2025 2024
£ £
Market Value
At 1 May 61,257 55,825
Purchases 2,315 2,234
Sales/disposals - -
Net (loss)/profit on revaluation (1,019) 3,198
At 30 April 62,553 61,257
Market value represented by investments in:
Cazenove Charity Multi Asset Fund 62,553 61,257
Original Cost
Cazenove Charity Multi Asset Fund 33,000 33,000

The investments are held in the name of City of Joy Aid. The charity participates in an alternative investment fund (Fund). The Fund can issue both Income and Accumulation units; the charity has opted for Accumulation units as it stands to benefit from the reinvestment of quarterly distributions into the Fund. The Fund assets comprise ordinary shares or common stock and admitted to official stock exchange listings. As at 30 April 2025 the Fund had no assets outside the UK.

5. Debtors

Income tax receivable re Gift Aid
Accrued interest		 2025
£
2024
£
575
476
372
-
947
476
~~=~~

12

CITY OF JOY AID, UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

6. Creditors - Amounts Falling Due Within One Year

Accruals

2025 2024
£ £
900 900

7. Restricted Funds

7a. Current Year At 1 At 30 May Gains/ April 2025 Income Expenditure (losses) Transfers 2025 £ £ £ £ £ £ Udayan – General 68,983 124,458 (53,110) (957) - 139,374 Udayan – Fred Kahl Health Centre 826 9,566 (8,470) - - 1,922 Udayan – Child Sponsorship 28,721 2,781 (5,457) - - 26,045 Udayan – Kitchen Garden Project 2,000 - - - - 2,000 Udayan – Nursing Sponsorship 1,300 - - - - 1,300 Udayan – Needlework 40 - - - - 40 Udayan – Tathagatha Roy 0 2,216 (1,256) - - 960 101,870 139,021 (68,293) (957) 0 171,641 ~~1]~~ 7b. Prior Year At 1 At 30 May Gains/ April 2024 Income Expenditure (losses) Transfers 2024 £ £ £ £ £ £ Udayan – General 48,816 17,274 (112) 3,005 - 68,983 Udayan – Fred Kahl Health Centre 7,109 3,475 (9,758) - - 826 Udayan – Child Sponsorship 32,225 2,861 (6,365) - - 28,721 Udayan – Kitchen Garden Project 2,000 - - - - 2,000 Udayan – Nursing Sponsorship 1,300 - - - - 1,300 Udayan – Needlework 40 - - - - 40 Udayan – Wall 807 14 (821) - - 0 Southern Health Improvement Samity 102 3 (105) - - 0 92,399 23,627 (17,161) 3,005 0 101,870 ~~i]~~ Descriptions of the restricted funds are as follows: Udayan fund provides support to Udayan, a residential centre for the rehabilitation of leprosy patients’ children. The centre was founded by Revd. J.G. Stevens, OBE on 25 March 1970. The project is a non-government organisation working towards the care and development of children with a leprosy background.

13

CITY OF JOY AID, UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
~~i~~		 CITY OF JOY AID, UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
~~i~~
8. Unrestricted Funds
~~J~~ ~~J~~
8a. Current Year
At 1
May
2024
£
Income
£
Expenditure
£
Gains/
(losses)
£
Transfers
£
At 30
April
2025
£
General fund
14,301
3,293
(1,031)
(62)
-
16,501
~~J~~		 ~~J~~
~~J~~ ~~J~~
~~J~~
~~J~~		 ~~J~~
~~J~~
8b. Prior Year
At 1
May
2023
£
Income
£
Expenditure
£
Gains/
(losses)
£
Transfers
£
At 30
April
2024
£
General fund
13,276
2,379
(1,547)
193
-
14,301
~~J~~		 ~~J~~

9. Related Party Transactions

There have been no related party transactions during the year.

All trustees continue to give their time voluntarily and received £nil (2024: £nil) remuneration or other benefits.

Expenses paid to trustees were £nil (2024: £nil).

City of Joy Aid, UK no longer functions in conjunction with any other organisation.

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