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2020-08-31-accounts

DIVYA SHANTHI MISSION SUPPORT

DIVYA SHANTHI MISSION SUPPORT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

Charity Number 1091054 (England and Wales) A charitable incorporated organisation

1

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

CONTENTS PAGE
General information 2
Trustees’ Annual Report 3-11
Responsibilities of the Trustees 12
Independent Examiner’s report to the members 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the financial statements 16-20

GENERAL INFORMATION

Registered charity name Divya Shanthi Mission Support Charity number 1091054 Principal & registered office address 3 Little Acreage Old Marston Oxford OX3 0PS Trustees Mrs J Burd Mrs T Hennessy Mrs A Luke Mr P D Luke Ms J M Piggott Ms M Davis (from 03 Feb 2020) Accountants SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD Bankers The Co-operative Bank

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2020

The Trustees have pleasure in presenting the accounts of the Charity for the year ended 31 August 2020

Objects of the Charity, Principal Activities and Organisation of Our Work

The Charity was constituted as a company limited by guarantee and was therefore governed by Memorandum and Articles of Association until 22[nd ] August 2019 when it changed into a Charitable Incorporated Organisation.

The objects and principal activities of the Charity are to promote the relief of poverty, sickness and distress and to advance the education of children at the Divya Shanthi Mission in Bangalore and other residential Christian homes in Bangalore and Southern India. General support to charitable work of the Divya Shanthi Christian Ministry and other Christian associations in Bangalore and Southern India is also given. There were no changes in the Charity's objects during the period.

The Charity is organised such that the Trustees meet and converse regularly to manage its affairs.

The Charity may appoint a Trustee by ordinary board resolution. One third of the Trustees must retire by rotation at each annual general meeting.

The constitution of the Charity states that the Charity shall not trade for profit; any surplus generated by the Charity shall be applied solely to continuation and development of the Charity.

2020 Developments and Achievements

Despite the CV-19 pandemic which began to impact on the charity from March 2020, we continued to enjoy financial support from our regular donors and sponsors. Only one donor felt they could not continue due to financial pressure from the pandemic. The situation in India has been extremely serious but we have continued to sponsor the children and also support the work being done in India by Divya Shanthi.

The number of children sponsored by the Charity during the year was 34 (24 children with a named sponsor and 10 without a named sponsor). Regular giving is now averaging £1072 per month including Gift Aid.

Fundraising events during the year included our usual Christmas Bazaar which raised £1410, and a fun day raffle raised £131. The Online fund raising event held online in July 2020 used JustGiving and Facebook to gather donations and these had not been received before these accounts were produced, therefore they will appear in next year’s accounts.

Future Developments

In 2020/21 we plan to continue in our efforts to expand the supporter base of the Charity and to raise awareness of the work of the Charity.

Our Christmas Bazaar will run online as a fundraising event this year in November/December 2020 and other events depend greatly on what happens in terms of the pandemic.

Public Benefit

The Charity provides public benefit through its support for the work of the Divya Shanthi Mission Association and other Christian associations operating in and around Bangalore, India. The Trustees have complied with their duty in the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission .

Transactions and Financial Position

The statement of financial activities shows net outgoings of £16,456 for the year (2018: net incomings of £5,559). Fund balances carried forward stood at £17,530.

Reserves Policy

It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity at a level sufficient to respond swiftly to urgent requests for support, and to cover foreseeable management costs. The Trustees are satisfied that the year end position reflects this.

Trustees

All of the Trustees named on page 1 served during the year. The board has power to appoint additional Trustees as it considers fit to do so.

Risk Management

The Trustees have examined the major strategic, business and operational risks which the Charity faces or may face, and confirm that systems are in place to enable regular reports to be produced, so that the necessary steps can be taken to lessen any such risks.

RESPONSIBILITIES OF THE TRUSTEES The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and regulations. Charity Law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have eSected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Prartice (United Kingdom Accounting Standards and applicable lawl. Under charity law the trustees must not approve the financial statements unless they are satisfied that they gTve a true and fair view of the state of affairs of the charity and the income and expenditure of the charity fof the year In preparing these financial statements. the trustees are required to.. select suitable accounting policies and apply them consistently- observe the method5 and principles in the Charlties SORP make judgements and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charitable incorporated organisation and which enable them to ensure that the financial statements comply with the Charities Art 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularlties. INDEPENDENT EXAMINATION The nominated independent examiner will be considèred by trustees for re-appointment for the ensuing year. on behalf of the trustees 2oa

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DIVYA SHANTHI MISSION SUPPORT FOR THE YEAR ENDED 31 AUGUST 2020

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2020 which are set out on pages 7 to 13

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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 that in any material respect

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.

Sally Thompson CPFA SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD

Date: 05 February 2021

STATEMENT OF FINANCIAL ACTIVITIES and INCOME AND EXPENDITURE ACCOUNT. FOR THE YEAR ENDED 31 AUGUST 2020

Note
Income from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Raising Funds
5
Charitable activities
6 ,7
Total expenditure
Net income / -expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
87,677
1,812
89,489
279
105,666
105,945
- 16,456
- 16,456
33,986
17,530		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2020
£
87,677
1,812
89,489
279
105,666
105,945
- 16,456
- 16,456
33,986
17,530		 Total
Funds
2019
£
109,808
-
109,808
346
103,903
104,249
5,559
5,559
28,427
33,986

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 9 to 13 form part of these financial statements.

DIVYA SHANTHI MISSION SUPPORT

BALANCE SHEET AS AT 31 AUGUST 2020

Current assets
Debtors: Amounts falling due within one year
Cash at bank and in hand
Creditors: Amounts falling due within one year
Net current assets
Net assets
The funds of the charity
Funds
Unrestricted income funds
Restricted income funds
Total funds
Note
8
9
13		 2020
£
8,743
9,207
17,950
-420
2019
£
£
£
28,895
5,116
34,011
- 25
17,530
33,986
17,530
33,986
17,530
33,986
17,530
33,986		 2020
£
8,743
9,207
17,950
-420
2019
£
£
£
28,895
5,116
34,011
- 25
17,530
33,986
17,530
33,986
17,530
33,986
17,530
33,986
33,986
33,986
33,986

For the year ended 31 August 2020 the charity was entitled to exemption from audit under section 145 of the Charities Act 2011.

Trustees responsibilities:

These financial statements were approved by the members of the committee and authorised for issue on ....6th Feb. 2021....... . ayre s;gn,d on the;, behalf by:

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,,_J

12 Jan 2021

9

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2020

1. CHARITY STATUS

Divya Shanthi Mission Support is a charitable incorporated organisation. It was a company limited by guarantee until 22[nd] August 2019 at which point it converted to a charitable incorporated organisation.

2. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Divya Shanthi Mission Support meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

Going Concern

Including consideration of Covid 19 the trustees believe that there are no material uncertainties about the Charity’s ability to continue as a going concern over the next 12 months.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Income

All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure represents amounts invoiced, including value added tax.

Fixed assets

Fixed assets (excluding investments) would be stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised.

Depreciation

Depreciation would be calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Office equipment – 25% straight line Computer equipment – 33% straight line

12 Jan 2021

10

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2020

Creditors

Creditors are recognised when the goods or service have been received and payment is crystallised. They are valued at the amount invoiced, or expected to be invoiced, including value added tax.

Taxation

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

12 Jan 2021

11

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2020

3
INCOME FROM DONATIONS
Donations
TOTAL
4 INCOME FROM OTHER TRADING ACTIVITIES
Fundraising events
TOTAL
5 EXPENDITURE ON RAISING FUNDS
Fundraising costs
Total expenditure on raising funds
6 EXPENDITURE ON CHARITABLE ACTIVITIES
Administration
Bank charges
Grants paid
Governance costs
TOTAL		 Unrestricted
Funds
£
87,677
87,677
Unrestricted
Funds
£
1,812
-
1,812
Unrestricted
Funds
£
279
-
279
Unrestricted
Funds
£
32
214
105,000
420
105,666		 Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-
-
-		 Total
Funds
Total
Funds
2020
2019
£
£
87,677
109,808
87,677
109,808
Total
Funds
Total
Funds
2020
2018
£
£
1,812
-
-
1,812
-
Total
Funds
Total
Funds
2020
2019
£
£
279
346
-
-
279
346
Total
Funds
Total
Funds
2020
2019
£
£
32
44
214
233
105,000
103,601
420
25
105,666
103,903

12 Jan 2021

12

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2020

Unrestricted
Funds
7 GOVERNANCE COSTS
£
Accountancy
420
TOTAL
420

8
DEBTORS
2020
£
Gift Aid
8,743
8,743
9
CREDITORS:amounts falling due within one year
2020
£
Accountancy fees
420
-
420		 Unrestricted
Funds
£
420

Restricted
Funds
£
-
-
2019
£
28,895
28,895
2019
£
25
25		 Total
Funds
Total
Funds
2020
2019
£
£
420
25
420 420
25

10. STAFF COSTS

The charity did not employ any staff during the year (2019; no employees)

11. TRUSTEE REMUNERATION & RELATED PARTY TRANSACTIONS

No member of the board of trustees received any remuneration for their trustee role during the year.

Trustees made unrestricted donations totalling £1,654 to the charity during the year. There were no other related party transactions during the year.

12. REMUNERATION AND BENEFITS OF KEY MANAGEMENT PERSONNEL

The key management personnel of Divya Shanthi Mission Support are the Trustees. The Trustees receive no remuneration.

12 Jan 2021

13

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2020

DIVYA SHANTHI MISSION SUPPORT

13. UNRESTRICTED INCOME FUNDS

General Funds
Unrestricted income funds
Total funds
Previous year
General Funds
Unrestricted income funds
Restricted Funds
Youth Worker Fund
Total funds		 At 01 Sep
2019
£
33,986
33,986
At 01 Sep
2018
£
24,825
3,601
28,426		 Incoming
Resources
£
89,489
89,489
Incoming
Resources
£
109,808
109,808		 Resources
expended
£
- 105,945
- 105,945
Resources
expended
£
- 100,647
- 3,601
- 104,248		 At 31 Aug
2020
£
17,530
17,530
At 31 Aug
2019
£
33,986
-
33,986

14. RESTRICTED INCOME FUNDS

There were no restricted income funds during the year. At the start of 2018-19 there was a balance of £3,601 on the Youth Worker Fund; this was fully spent during that year.

12 Jan 2021

14