## **DIVYA SHANTHI MISSION SUPPORT**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
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 2023**
|**CONTENTS**|**PAGE**|
|---|---|
|General information|2|
|Trustees’ Annual Report|4-5|
|Responsibilities of the Trustees|6|
|Independent Examiner’s report to the members|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the fnancial statements|10-14|
2
## **DIVYA SHANTHI MISSION SUPPORT**
## **GENERAL INFORMATION**
Registered charity name
Charity number
Divya Shanthi Mission Support 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
Bankers
The Co-operative Bank
3
## **DIVYA SHANTHI MISSION SUPPORT**
## **TRUSTEES’ REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
The Trustees have pleasure in presenting the accounts of the Charity for the year ended 31 August 2023.
## **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.
## **2023 Developments and Achievements**
We have continued to enjoy financial support from our regular donors and sponsors. We have continued to sponsor the children as well as supporting the work more broadly of Divya Shanthi. During the year the trustees have agreed a co-treasurer position, with Judith continuing in the day to day operation as treasurer, and Paul being responsible for the accounts. The number of children sponsored by the Charity during the year was 35, 24 with a named sponsor (1 sponsor left during the year) and 11 without a named sponsor (2 of whom left during the year). Regular giving is now £1,136 per month including Gift Aid.
The Christmas Bazaar again took place as an outside winter market in 2022, and raised £1,313. A Tea Party held in July 2023 raised £197 in donations. We also ran a stall at the Love Marston Love Life event in May 2023 to raise awareness of the charity in the local community.
## **Future Developments**
In 2023/24 we plan to maintain and if possible expand the supporter base of the charity. We are continuing to share news about Divya Shanthi's work in the St Nicholas Church pew sheet, the Marston Times, and on Facebook.
There will be a special event in September 2023 to celebrate the 20th anniversary of the charity. This will take place at Messy Church which is well attended by local families and children. We will run the popular Christmas Bazaar again in December and in June 2024 Marston Open Gardens will help raise awareness of and funds for the charity.
## **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**
4
## **DIVYA SHANTHI MISSION SUPPORT**
The statement of financial activities shows net incomings of £14,903 for the year 2023 (2022: net outgoings of £11,858). Fund balances stood at £20,528.
## **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.
5
**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 statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees 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 statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures 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 Act 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 irregularities.
## **INDEPENDENT EXAMINATION**
The nominated independent examiner will be considered by trustees for re-appointment for the ensuing year.
Signed on behalf of the trustees
……………………(Paul Luke, Treasurer)…..
Date ……15/03/2024……….
6
**DIVYA SHANTHI MISSION SUPPORT**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DIVYA SHANTHI MISSION SUPPORT FOR THE YEAR ENDED 31 AUGUST 2023**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2023 which are set out on pages 8 to 14
## **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 the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did 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.
Sheila Parry FCCA SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD
25[th] March 2024
7
## **DIVYA SHANTHI MISSION SUPPORT**
## **STATEMENT OF FINANCIAL ACTIVITIES and INCOME AND EXPENDITURE ACCOUNT. FOR THE YEAR ENDED 31 AUGUST 2023**
|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**|**Unrestrict**
**ed**
**Funds**
**£**
83,643
1,598
85,24
1
0
70,338
70,338
14,903
14,903
5,625
20,528|**Restrict**
**ed**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-|**Total**
**Funds**
**2023**
**£**
83,643
1,598
85,241
0
70,338
70,338
14,903
14,903
5,625
20,528|**Total**
**Funds**
**2022**
**£**
85,524
2,982
88,506
0
100,36
4
100,364
- 11,858
- 11,858
17,483
5,625|
|---|---|---|---|---|
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 10 to 14 form part of these financial statements.
8
**DIVYA SHANTHI MISSION SUPPORT**
## **BALANCE SHEET AS AT 31 AUGUST 2023**
|Note
**Current assets**
Debtors: Amounts falling due within one
year
8
Cash at bank and in hand
**Creditors: Amounts falling due within**
**one year**
9
**Net current assets**
**Net assets**
**The funds of the charity**
**Funds**
Unrestricted income funds
Restricted income funds
Total funds
13|**2023**
**£**
**£**
2,993
17,799
20,793
-264
20,529
20,529
20,529
-
20,529|**2022**
**£**
**£**
710
5,179
5,889
-264
5,625
5,625
5,625
-
5,625|**2022**
**£**
**£**
710
5,179
5,889
-264
5,625
5,625
5,625
-
5,625|
|---|---|---|---|
||||5,625|
||||5,625
-|
||||5,625|
For the year ended 31 August 2023 the charity was entitled to exemption from audit under section 145 of the Charities Act 2011.
Trustees responsibilities:
- The trustees 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 complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved by the Board of Trustees and authorised for issue on …… 15/01/24…. and are signed on their behalf by:
**----- Start of picture text -----**
………………………………..
Paul Luke, Treasurer
**----- End of picture text -----**
9
**DIVYA SHANTHI MISSION SUPPORT**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **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 accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (‘FRS102’), Statement of Recommended Practice: Accounting and Reporting by Charities (Revised 2019) applicable to charities preparing their accounts in accordance with FRS102 (‘Charities SORP (FRS102)’), the Charities Act 2011, 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
10
**DIVYA SHANTHI MISSION SUPPORT**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023**
## **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.
## **Restricted Income and Expenditure**
As there is no restricted income and expenditure, this has not been shown for the previous year.
11
**DIVYA SHANTHI MISSION SUPPORT**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023**
|**3**
**INCOME FROM DONATIONS**
Donations
Gift aid
**TOTAL**
**4**
**INCOME FROM OTHER TRADING**
**ACTIVITIES**
Fundraising events
Gift aid interest paid by HMRC
**TOTAL**
**5EXPENDITURE ON RAISING FUNDS**
Fundraising costs
**Total expenditure on raising funds**
**6**
**EXPENDITURE ON CHARITABLE**
**ACTIVITIES**
Bank charges
Grants paid
Governance costs
**Total**|**Unrestrict**
**ed**
**Funds**
**£**
81,360
2,283
83,643
**Unrestric**
**ted**
**Funds**
**£**
1,598
-
-
1,598
**Unrestric**
**ted**
**Funds**
**£**
0
0
**Unrestric**
**ted**
**Funds**
**£**
74
70,000
264
70,338|**Restrict**
**ed**
**Funds**
**£**
-
-
**Restric**
**ted**
**Funds**
**£**
-
-
-
**Restric**
**ted**
**Funds**
**£**
-
-
**Restric**
**ted**
**Funds**
**£**
-
-
-
-|**Total**
**Funds**
**2023**
**£**
81,360
2,283|**Total**
**Funds**
**2022**
**£**
82,664
5,842
88,506
**Total**
**Funds**
**2022**
**£**
2,972
10
2,982
**Total**
**Funds**
**2022**
**£**
0
0
**Total**
**Funds**
**2022**
**£**
100
100,000
264
100,364|
|---|---|---|---|---|
||||83,643||
||||**Total**
**Funds**
**2023**
**£**
1,598
-
-||
||||1,598||
||||**Total**
**Funds**
**2023**
**£**
0||
||||0||
||||**Total**
**Funds**
**2023**
**£**
74
70,000
264
70,338||
12
**DIVYA SHANTHI MISSION SUPPORT**
**NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023**
|**Unrestric**
**ted**
**Funds**
**7**
**GOVERNANCE COSTS**
**£**
Accountancy
264
**TOTAL**
264
**8**
**DEBTORS**
**2023**
Gift Aid
£
2,993
2,993
**9**
**CREDITORS:**amounts falling due within one year
**2023**
**£**
Accountancy fees
264
264|
|**Unrestric**
**ted**
**Funds**
**£**
264||**Restric**
**ted**
**Funds**
**£**
-
-
**2022**
£
710
710
**2022**
**£**
264
264|**Total**
**Funds**
**2023**
**£**
264
264|**Total**
**Funds**
**2022**
**£**
264|
|---|---|---|---|---|---|---|
|||264||||264|
||||||||
||||||||
||||||||
||||||||
## **10. STAFF COSTS**
The charity did not employ any staff during the year (2023; 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 £2,644 to the charity during the year. Related parties to the trustees made unrestricted donations totalling £67,475 during the year. These related parties are immediate family members of trustee Mrs Alison Luke.
## **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.
13
**DIVYA SHANTHI MISSION SUPPORT**
**NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2023**
## **13.UNRESTRICTED INCOME FUNDS**
|**General Funds**
Unrestricted income funds
**Total funds**
**Previous year**
**General Funds**
Unrestricted income funds
**Total funds**|**At 01 Sep**
**2022**
**£**
5,625
5,625
**At 01 Sep**
**2021**
**£**
17,483
17,483|**Incomin**
**g**
**Resourc**
**es**
**£**
85,241
85,241
**Incomin**
**g**
**Resourc**
**es**
**£**
88,506
88,506|**Resour**
**ces**
**expend**
**ed**
**£**
-70,338
-70,338
**Resour**
**ces**
**expend**
**ed**
**£**
-100,364
-100,364|**At 31 Aug**
**2023**
**£**
20,528|
|---|---|---|---|---|
|||||20,528|
|||||**At 31 Aug**
**2022**
**£**
5,625|
|||||5,625|
## **14.RESTRICTED INCOME FUNDS**
There were no restricted income funds during the year.
14