DIWA SHANTHI MISSION SUPPORT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEME5 FOR THE YEAR ENDED 31 AUGUST 2022 Charity Number 1091054 (England and Wales) A charitable incorporated organisation
DIVYA SHANTHI MISSION SUPPORT ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 CONTENTS PAGE General information Tru5tees' Annual Report 3-11 Responslbllltle5 of the Trustees 12 Independent Examinerfs report to the members 13 Statement of Financial Activities 14 Balants Sheet 15 Notes to the financial statements 16-20
DIVYA SHANTHI MISSION SUPPORT GENERALINFORMATION Registered charity name Dia Shanthi Mission Support Charity number 1091054 Principal & registered office addre55 3 Little Acreage Old Marston Oxford OX3 OPS Trustees Mrs J 8urd Mrs T Henne55y Mr5 A Luke MrPDLuke Ms J M Piggott Ms M D¥vis Bankers The Co-operative Bank
DIVYA SHANTHI MISSION SUPPORT TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2022 The Trustees have pleasure in presenting the account5 of the Charity for the year ended 31 August 2022. Objects of the Charlty, Prfnclpal Actfvltles and Organlsatlon of Our Work The Charity was constituted as a company limited by guarantee and was therefore 8overned by Memorandum and Article5 Of A$50csation until 22 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 Ban8alore and other residential Christian home5 in Bangalore and Southern India. General support to charitable work of thÈ Divya Shanthi Christian Ministry and other Christian associations in Bangalore and Southern India is also given. There were no changes in the Ch3Tlty'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 re501ution. One third of the Trustees myst retire by rotation at each annual general meeting. The constitutlon of the Charity states that the Charity shall not trade for profit,. any surplu5 generated by the Charity shall be applied solely to continuation and development of the Charity. 2022 Developments and Achievements A5 we emerge from the pandemic. we have continued to enjoy financial support from our regular dontsrs and sponsors. The situation in India has continued to be extremely serious at times 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 40, 24 with a named sponsor11 sponsor left during the year) and 16 without a named sponsor. Regular giving is now £842 per month including Gift Aid. The Christmas Bazaar took place in 2021 as an outside winter market and was very successfv1 raistng £1548. We also received £736 from Music for a 5ummerfs Evening held at St Nicholas Church, Old Marston, £260 from the Ecomarket theye and £205 from Maureen Davis. Open Garden event. Maureen also donated sales from her recent botsl amoLJnting to £190 this year. Future Developments In 2022 we plan to continue in our efforts to expand the 5UPPQrter base of the Charity and to raise 3wareness of the work of the Charity and on 4th September a speci31 Messy Church event is planned to raise awareness of the Charity and to celebrate the 20" Anniversary of the setting up of DSMS. We also hope to run Christmas Bazaar on 3rd December 2022 in a similar format to 2021 with sta115 Outside. We also hope to bring back. in 2023. the Quiz Night which was very popular. Public Benefit The Charity provides public benefit through its 5UPPOrt 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 Charitiès Act 2011 to have due regard to public benefit guidancè published by the Charity Commission. Transartions and Financial Posltion The statement of financial activities shows nèt (>utgoings of £11.858 for the year 202212021.. net outgoings of £471. Fund balances stood at £5.625. Reserves Pollcy
DIVYA SHANTHI MISSION SUPPORT It 15 the policy of the Charity to maintain unrestricted fund5, which are the free re5erve5 of the Charity at a level sufficient to respond swiftly to urgent request5 for 5UPPOrt, and to cover foreseeable management costs. The Trustees are satisfied that the year-end position reflects thls. Trustees All of the Trustees named on page I served during the year. The board has power to appoint additional Trustees as it consider5 fit to do so. Risk Management The Trustees have examined the major strategic, bu5ines5 and operationBI ri5k5 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.
DIVYA SHANTHI MISSION SUPPORT 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 statement5 for each financial year. Under that law the trustees have elected to prepare the financial ststements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standard5 and applicable lawl. Under charity law the trustÈes must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for the year In preparing these financial statement5, the trustees are required to: select suitable accounting policies and apply them consistently,. observe the methods and princip5es in the Charitie5 SORP make judgements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standard5 have been followed, subject to any material departUTes disclosed and explained in the financiab statements,. prepare the financial statement5 on the goin8 concern basis unless it is inappropriate to presume that the charity will continuè 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 p051tion of the charitable incorporated organisation and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking rea50n6ble steps for the prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINATION The nominated independent exarniner will be considered by trustees for re-appointment for the ensuing year. Signed on behalf of the trustees
DIVYA SHANTHI MISSION SUPPORT INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF DIVYA SHANTHI MISSION SUPPORT FOR THE YEAR ENDED 31 AUGUST 2022 I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2022 which are Set out on pages 8 to 14 Responsrbilitie5 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 Trusvs accounts carried out under section 145 of the 2011 Att and in carrying out my examination, I have followed all the applicable Direttions given by the Charity Commission under section 14515llbl of the Act. Independent examiner'5 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 the atcounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records,. 01 the accounts did not omply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2C08 other than any requirementthat the accounts give a'true and fairf view which is not a matter considered as part of an independent exèminatton. 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. Sheila Parry FCCA SPX Oxford Ltd Pèace House 19 Paradise Street Oxford OXI ILD 17 January 2023
DIVYA SHANTHI MISSION SUPPORT STATEMENT OF FINANCIAL ACTIVITIES and INCOME AND EXPENDITURE ACCOUNT. FOR THE YEAR ENDEO 31 AUGUST 2022 Unrestrltted Restrirted Total Funds 2022 Total FurKIs 2021 Funds Funds Note Income from.. Donations and legacies 85.524 85,524 111,625 Other trading èctiwtiès 2.982 2.982 2.765 Total income 88,506 88,506 114,390 Expenditure on- Rai5ine Funds Charitsble activities 100.364 100.364 100.364 100.364 114,437 114,437 Total expenditure Net income l-expenditurè Nèt movement In funds -11,858 -11,858 -11,858 -11,858 47 47 Reconciliation of funds: Total fund5 brought forward Total funds carrled torward 17,483 17,483 5,625 17,530 17.483 5,625 The Statefflent 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. All income and expenditure for the comparative period relate to unrestricted funds. The notes on pa8es 10 to 14 fomi part of these financial statements.
DIVYA SHANTHI MISSION SUPPORT BALANCE SHEET AS AT 31 AUGUST 2022 2022 2021 Note Current assets Debtors.. Amounts falling due within one year Cash at bank and in hand 710 4,703 13,430 18,143 5,179 5,889 Credltors: Amounts falllng due wlthin one year -264 -660 Net current assets 5,625 17,483 Net assets 5,625 17,483 The fund5 of thè diarity Funds Unrestricted income funds 5,625 17,483 Restricted income funds Total funds 13 17,483 For the year ended 31 Au8USt 2022 the charity was entitled to exemption frrxn audit under section 145 of the Charities Att 2011. Trustees re5ponsibilities'. The trustee5 have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 145. and The trustees acknowledge their responsibilities for complyirg with the requirements of the Act with respert to accounting records and the preparation of accounts. These financial Statements were approved by the Board of Trustee5 and authorised for issue on...... behalf by: nd are signed on their rystee I 9 Sep. 22
DIVYA SHANTHI MISSION SUPPORT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST2022 I. CHARITY STATUS Divya Shanthi Mi55ion Support is 3 Charitable incorporated organisation. It was a company limited by gLJarantee until 22 August 2019 at which point it converted to 3 charitable incorporèted organisation. ACCOUNTING POLICIES Basis ol actountinB The financial statement5 have been prepared in accordance with Accounting and Reportin8 by Charitie5'. Statement of Recommended Practice applicable to charities preparing their accovnts in accordance with the Financial Reporting Standard applicable in the UK ènd Republic of Ireland IFRS 1021 (effective l January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 20(. 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 transactitsn value unless otherwise stated in the relevant a¢countinE policy note. Golng Concern Including consideration of Covid 19 the trustees believe that there are no material uncertainties about the Charl$ ability to continue as a going concern over the next 12 months. Fund accounting Unrestricted funds are available for use at the disuetion of the trustees in fvrtherance 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 reasc>nable accuracy. Voluntary income is received by way of grants. donètions and gifts and is included in full in the Statement of Financial Attivities 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. Expenditurè Expenditure is accounted for on an actruals basis and has been classified under headings that aggregate all cost5 related to the category. Expenditure represents amounts invoiced, intludin@ value added tax. FixÈd assèts Fixed assets (excluding investments) would be stated at cost less accumulated depreciation. The costs of minor additions or those c05tin8 below £l,WO arè 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 a55et ès follows-. Offlce equipment- 25% straight line Computer equipment- 33% straight line 9 Sep. 22 10
DIVYA SHANTHI MISSION SUPPORT NOTES TO THE ACCOUNTS Icontiftued) FOR THE YEAR ENDED31 AUGUST 2022 Credltors CreditOT5 are recogni5ed when the good5 or service have been received and payment is cryst311ised. They are valued at the amount invoiced, or experted to be invoiced, including value added tax. Taxation The Charity is exempt from corporation tax on its charitable activities. 9 S8p. 22
DIVYA SHANTHI MISSION SUPPORT NOTES TO THE ACCOUNTS (tontinu) FOR THE YEAR ENDED 31 AUGUST2022 Total Fund5 2022 Total Fu[S 2021 Unrestricted Restrirted Funds Funds INCOME FROM DONATIONS Donations 82.664 5,842 88,506 82,664 5,842 88,506 90,660 20,965 111,625 Giftaid TOTAL Total Funds 2022 Total Funds Unrestricted Restricted Funds Funds 2021 INCOME FROM OTHER TKADING ACTIVITIES Fundraising events Gift aid interest paid by HMRC 2.972 io 2.972 io 2,765 TOTAL 2982 2982 2,765 Total Funds 2022 Total Funds 2021 Unrestricted Funds Restrlcted Fynds 5 EXPENDITURE ON RAISING FUNDS Fundraising costs Total expenditure on raising fLsnds Totsl Funds 2022 Total Funds Unrestrirted Re5trirted Funds Funds 2021 EXPENDITURE ON CHAR ABLE ACTIVITIES Administration Bank charges Grant5 paid Governance costs loo loo 197 loo.000 264 I,000 264 114,(KJO 420 TOTAL 100,364 l(X),364 105,666 9 Sep. 22 12
DIWfA SHANTHI MISSION SUPPORT NOTES TO THE ACCOUNTS Icontlnuedl FOR THE YEAR ENDED 31 AUGUST 2022 Totsl Funds Total Funds 2021 Unrestrirte(I Restricted Funds Funds 2022 GOVERNANCE COSTS Accountancv TOTAL 264 264 420 264 264 420 DEBTORS 2022 2021 Gift Aid 710 4.703 710 4,703 CREDITORS.. amounts falling due within one year 2022 2021 Accountancy fèÉs 264 660 264 660 io. STAFF COSTS The charity did not employ any staff during the yeèr12022,' no employee51 ii. TRUSTEE REMUNERATION & RELATED PARTYTRANSACTIONS No member of the board of trustees received any remuneration for their trustee role dL5ring the year. Trustees made unrestricted donations totalling £79.692 the charity durinÈ the year. There were no other related party transartions during the year. 12. REMUNEK4fioN AND BENEFITSOF KEY MANAGEMETrxf PERSONNEL The key management personnel of Divya Shanthi Mission Support are the Tru5tee5. The Trustees receive no remuneration. 9 Sep. 22 13
DIVYA SHANTHI MISSION SUPPORT NOTE5 TO THE ACCOUPffS (continued) FOR THE YEAR ENDED 31 AUGUST 2022 13. UNRESTRICTED INCOME FUNDS At 01 Sèp 2021 Incoming Resources Resourtes exp.ended At 31Au8 2022 General Funds Unrestricted income funds 17,483 88,506 -100.364 5,625 Total funds 17.483 88,506 -100,364 5.625 Previous year At 01 Sep 2020 Incomin8 Resources Resources expended At 31 Aug 2021 General Funds Unrestrirted income funds 17,530 144,390 -114.437 17.483 Total funds 17.530 114,390 -114.437 17,483 14. RESTRIED INCOME FUNDS There were no restricted income funds during the year. 15. RESTRIED INCOME AND EXPENDITURE As there is no restricted income and expenditure, this has not been shown for the pievious year. 9 Sep. 22 14