2024-08-31-accounts - Divya Shanthi Mission Support

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DIVYA SHANTHI MISSION SUPPORT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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 2024

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 financial statements	10-14

DIVYA SHANTHI MISSION SUPPORT

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 Bankers The Co-operative Bank

DIVYA SHANTHI MISSION SUPPORT

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

The Trustees have pleasure in presenting the accounts of the Charity for the year ended 31 August 2024.

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 Christian Association 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.

2024 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.

The Christmas Bazaar again took place in 2023, and raised £1,571.

In March 2024 our principal contact at Divya Shanthi Christian Association informed us that their FCRA (part of Indian National legislation regarding overseas charitable donations) status had been suspended, and as such they were no longer able to receive funding from overseas. In addition, funds that had been recently remitted were frozen within the official bank account used for receipt of overseas funding.

The trustees took the decision to suspend operations of DSMS as being unable to send funds to Divya Shanthi Mission Association frustrated the ability of DSMS to perform its objects and principal activities. We requested all donors suspend standing orders, and informed them that we would continue monitoring the situation. The trustees also informed the Charity Commission of this major incident.

Future Developments

In 2024/2025 we plan to continue to meet regularly as trustees while we await the result of a resubmission of FCRA paperwork by Divya Shanthi Christian Association. They have advised us that rather than a suspension of status as initially understood, their application to extend their FCRA status had not been approved, and thus they are awaiting the outcome of an application to renew the status. They are hopeful of a positive result, and we look forward to continue to work with them. They are receiving the interest on the funds currently frozen in their official bank account, and understand they would be able to access these funds fully once their FCRA status is renewed.

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

DIVYA SHANTHI MISSION SUPPORT

The statement of financial activities shows net outgoings of £14,670 for the year 2024 (2023: net incomings of £14,903). Fund balances stood at £5,858.

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. As noted above, with the FCRA status of Divya Shanthi Mission Association not renewed, we are not currently able to send funding in response to these urgent requests. 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.

The Trustees have sought to minimise future risks by meeting regularly to discuss how best to respond to the major incident which occurred in March 2024 and by keeping themselves informed of relevant developments on the ground in India

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 ……07/04/2025……….

DIVYA SHANTHI MISSION SUPPORT

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DIVYA SHANTHI MISSION SUPPORT FOR THE YEAR ENDED 31 AUGUST 2024

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2024 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

………28 May 2025…………

DIVYA SHANTHI MISSION SUPPORT

STATEMENT OF FINANCIAL ACTIVITIES and INCOME AND EXPENDITURE ACCOUNT. FOR THE YEAR ENDED 31 AUGUST 2024

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 and Total Funds 2024 £ 64,144 1,571 65,715 0 80,384 80,384 -14,669 -14,669 20,528 5,859	Total Funds 2023 £ 83,643 1,598
		85,241
		0 70,338
		70,338
		14,903
		14,903
		5,625
		20,510

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.

DIVYA SHANTHI MISSION SUPPORT

BALANCE SHEET AS AT 31 AUGUST 2024

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	2024 £ £ 4,274 1,867 6,141 -282 5,859 5,859 5,859 - 5,859	2023 £ £ 2,993 17,799 20,793 -264 20,529 20,529 20,529 - 20,529	2023 £ £ 2,993 17,799 20,793 -264 20,529 20,529 20,529 - 20,529
			20,529
			20,529 -
			20,529

For the year ended 31 August 2024 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 ……29/5/25…………….

(Paul Luke, Treasurer)

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024

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

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024

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.

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024

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	Total and unrestricted Funds 2024 £ 62,863 1,281 64,144 Total and unrestricted Funds 1,571 - 1,571 Total and unrestricted Funds 2024 £ 0 0 Total and unrestricted Funds 2024 £ 84 80,000 300 80,384	Total Funds 2023 £ 81,360 2,283
		83,643
		Total Funds 2023 £ 1,598 - -
		1,598
		Total Funds 2023 £ 0
		0
		Total Funds 2023 £ 74 70,000 282
		70,356

DIVYA SHANTHI MISSION SUPPORT

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 AUGUST 2024

7 GOVERNANCE COSTS Accountancy TOTAL 8 DEBTORS Gift Aid 9 CREDITORS:amounts falling due within one year Accountancy fees		Total and unrestricted Funds 2024 £ 300 300 2024 2023 £ 4,274 £ 2,993 4,274 2,993 2024 £ 2023 £ 282 264 282 264	Total Funds 2023 £ 264
			264
		2024 £ 4,274 4,274 2024 £ 282 282

10. STAFF COSTS

The charity did not employ any staff during the year (2024; 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 £1,157 to the charity during the year. Related parties to the trustees made unrestricted donations totalling £46,155 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.

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 2023 £ 20,510 20,510 At 01 Sep 2022 £ 5,625 5,625	Incoming Resources £ 65,714 65,714 Incoming Resources £ 85,241 85,241	Resources expended £ -80,384 -80,384 Resources expended £ -70,356 -70,356	At 31 Aug 2024 £ 5,858
				5,858
				At 31 Aug 2023 £ 20,510
				20,510

14. RESTRICTED INCOME FUNDS

There were no restricted income funds during the year.