Company No: 04708800 Reglstered Charity No. 1099386 PRATHAM UK A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
THAM UK- A COMPANY LIMITED BY GUARANTEE NUAL REPORT & ACCOUNT FOR T YEAR E DED 31 MARCH 2022 IN Company Information Report of the directors Independent auditorfs report 11 statemenl of financial activities 12 Balance sheet 13 Statement of Cash flows 14 Notes to the financial statements 15-22
PRATHAM UK- A COMPANY LIMITED BY GUARAKfE ANNUAL REPORT & ACCO R THE YEAR ENDED 31 MARCH 20 Company number 04708800 Charty registration number 1099386 Name of trustees Sakate Khaitan - Chairman Ravi Rajgopal (resigned 22 Juty 2021) Avinash Vazirani Karthi¢ Jayaraman Ashok Vaswani Charu Sarma (resigned 24 June 2022} Dinyar Devrtre (resigned 27 October 2021) Dixf( Joshi William Samuel Tully Sanjeev Dhuna (resigned 22 April 2021) Saurav Chopra (resigned 14 June 2022) Suresh Kanwar Alpona Banerji (appointed 28 April 2022) Manisha Bharti {appoinled 27 October 2021) Sunayna Selhi {appointed 9 June 2022} Kalpesh Solanki (appointed 22 July 2021) Shailesh Solanki {appointed 22 July 2021) Company Secrelary 20221 Nicholas DavKI Sankey (appointed 1 March Vinati Sukhdev (resigned 28 February 20221 Registered office Suite 21 Vicarage House 58-60 Kensington Church Street London W8 4DB Bankers HSBC 92 Kensington High Street Kensington London W8 4SH ICICI Bank UK 1 Thomas More Square Thomas More Street London E1W 1YN Independent audrtor Goldwins Chartered AcUntants 75 Maygrove Road West Hampstead London NW6 2 EG
PRATHAM UK - A COMPANY LIMITED BY GUARANTEE NNUAL REPORT & AC NT FOR THE YEAR EN 1 MARCH 2022 The trustees present their annual report logether wth the financial statements for the year ended 31 March 2022. The trustees confimi Ihat the annual report and financial statements of Ihe company comply with the currenl statutory requirements, the requiremen1$ of the company's goveming document and the provisions of the Slalemenl of Recommended Practice (SORPI. applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) leffectNe 1 January 2015) as amended by update Bulleb'n 1 (effective 1 January 20151. Details of offir5 and professional advisers are set out on page 2. CONSTITUTION Pratham UK is a company limited by gLSarantee. govemed by its Memorandum and Article$ of Association dated 24 March 2003 as amended by Special Resolution on 21 June 2019. It is registered as a chartty with Ihe Charity Commission. OBJECTIVES AND ACTIVITES OF THE CHARITY The organisation is governed and overseen by its trustees who are also directors of the company. In shaping our objectives for the year and planning our activities. the trustees have considered the Charity Commission's guidance on public benefft. The objectives of the Charity as stated in its constitution. as amended by special resolution on 21 June 2019, are to advance education amongst persons living in developing countries, especially bLrt not exclusively working with children within slum communttEs in India. Pratham is one of the largest education NGOS in India. In the words of Nobel Laureate Abhijit Baneriee. "Pratham s impact on the lives of millions of kS has been tremendous,- it is quite simply an exception81. best-in-class organisatton that has managed to scale across India." We have won many prizes, including the Kravis Prize, the Skoll Award. the WISE Prize. the LUI Che Woo Prize. and the Yidan Prize. We conduct high-qualty. Iow-cos( replicable interventions to address gaps in the education system. India's schools remained closed for the best part of years due to the pandemic. During the period covered by this report, restrictions eased. At that point we recruited students from almost 20,¢XJO villages in 22 states and union territories to provide TaRL-based learning to younger children in their own communities. TaRL. or Teaching at the Right Level is a methodology that Pratham pioneered that can teach basic reading, writing and math$ in 30 days. Central to the model is the idea of grouping childien wf(h those working at a similar level and using simple, locally available learning resources. It is ideal for catch up and has been recognised as such by the World Bank and UNICEF. Now that schools have reopened. we are again delivering TaRL in scht)ols, but have continued to support volunteers to offer it in their own comrnunities to reach more children. Our model for delivering vocational training also evotved considerably during the pandemic. Previously the course was fully residenb'al. Now that tools like Zoom and WhatsApp are well understood. we offer online taster sessions into various trades. The main course is split into modules.. one delrvered digitally before those that show aptitude and desire are invrted lo a residential centre for the final six weeks, we were delighted that 12,000 students were placed into jobs. around 900/0 are the first in their
PRATHA MPANY LIMITED BY GUARA ANNUAL REPORT & ACC NT FOR THE YEAR ENDED 31 MARCH 2022 tsmilies to secure salaried employment. Due to support secured by Pratham UK. Recognition of Prior Leaming course was launched that allows daily wage earners to develop and accredit their skills through short courses making them eluible for higher levels of minimum wages. Our Second Chance programme adapted well to the pandemic and another cohort of over 4.000 women were able lo prepare for their Class 10 exams with 92'A passing, opening up new employment opportunities or fvrther study for many. The pandemic also brought educational technology further into the mainstream in India. We were fortunate to have already developed Pratham Open School. which has thousands of digital leaming resources in 11 Indian languages available for free to children across India to support their leaming. We continued to develop more innovative resources that could be accessed on any digital device already in Ihe child's home throughout the year. In parallel. we are developing Al-based assessment tools for use in rural India, better moderating outcomes and rna'n9 assessment more accessible for various hard-tovreach groups. Slate-level ASER suNeys in Kamataka, Chhattsgarh and West Bengal showed the impact the pandemic has had on foundational leaming skills across rural India. with the highest impact seen for children in early primary grades. The proportion of children assessed as 'beginnerf level {unable to recognise even letters) in primary classes is roughly double the corresponding level in 2018 in grades 2,3 & 4. ORGANISATION AND POUCIES TO ACHIEVE OBJECTIVES The trustees meet regulady to manage and review the actplty and direction of the Charity. The Charity's main resources are currently directed at fundraising within the United Kingdom and using partner organisations to fijlfil bts oharitsble objectives as this makes efficient use of the partner organisation's local knowledge. During the period under review. the trustees of Pralham UK cemented the position of pre- eminence the Charity enjoys amongst the Indian communty and extended awareness to other ommunrties wilhin the UK. For the first time we raised over £1 million pounds in the UK. Continuing intti'atives induded- Having not been able to hold a Gala in 2020 we were delighted to be abje to host the 2021 Gala at the Dorchester. We received several generous donations on the night and subsequently. We are helping greater numbers of individLtal philanthropists to make a difference in India, connecting them to children and communities across India lo improve a¢SS to education. We Continued to build partnerships with Trusts and Foundations. which are now emerging as an addits.onal income stream for th8 Charity. We were delighted to be selected as the beneficiary chartty as the State Bank of India celebrated their ntenary in the UK at Mansion House. We are also benefiting from the continued growth of 'This is Unfolded., who continue to support us generously. We are now working much more closety viith Pratham USA. who are providing increasing support to the UK team, particularly around communications, evenls and
PRATHAM UK- A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT & ACC NT R THE YEAR EN D 31 MARCH 2022 technology support. TRUSTEE SELECTION. INDUCTION AND TRAINING Trustees of Pratham UK are elected by a majority vote by the existing body of trustees after being nominated by an existing trustee or any volunteer of Pratham UK and (rf required) after conducting infonal or fomal meetings with candidates to assess their Inte$t and suitability. Upon induction, new Irustees are gwen a standard pack on Pratham UK which includes.. Articles of Association- Latest audited accounts including the trustees. report which has outline plans for next year., Pratham UK brochure and other infonnation New trustees are familiarised Vth Ihe various fijnctions perfonned by the Pratham UK Board and are then assigned specffic roles and responsibilities. ACHIEVEMENTS AND PERFORMANCE REVIEW OF ACTIVITIES Fundralslng For the year ending 31 March 2022 Pratham UK had a gross income of £1,186.229 12021- £372,166}. These funds, both solicited and unsolictted, arose from a broad set of donors including Individuals. Trusts and Corporations. Actrvtties included virtual events held during the year. The major categories of donations are shown below. Year ended 31-Mar-22 Income Donation Recelved - Unrestricted Donations and Legacies Charitable activities Other tradlng activtknes Other income Total Donation Received - Unrestricted 303,045 283,867 12,401 8,063 607,376 Donation Recelved -Re5tricted Programmes 578,853 Total Donation Re¢elved - Restricted 578,853 Total Incorne 1 186,229
PRATHAM UK- A COMPANY LIMITED BY GUARANTEE ANNUAL REP CCOUNTS FOR THE YEA RCH 2022 The nel surplus for year ended 31 March 2022 after charitable donations was £193,52412021- deficit of £380,616). PRATHAM ACTIVITIES AND FUND irriLISATION The Charty has contributed £731.083 (2021 - £567,799) to Pratham led Trusts to deliver child education. Rostrlcted Fund8 Pratham Education Foundation India 494,479 Unrestrlcted Funds Pratham Education Foundation India 236,604 Total 731,083 RESERVES POLICY Given that the majority of Pratham's reserves come from one event, the annual gala, Pratham agreed that its free reseNes should cover e1Ve months of support ¢05ts. At the year-end Pratham UK held reserves of £370,618 {2021- £177,094). Of these reserves £286,244 (2021- £177,094) are available as general reserves and £84.374 (2021 £0) were restricted reserves as at the year end. Apart from this. tt is the current view of the trustees that reseprfes at the end of the year are adequate to cover deposits and outlay for the following yearfs expenses as well as incidental expenses for at least a twelve-month period. It is the view of the trustees that in the context along with proposals for 2022123. 2 reseNe fijnd of £250,000 will be adequate to meet the organisation's needs. PRINCIPAL GOALS FOR THE COMING YEAR Surveys that our teams in India have been carried out since schools reopened have shown that the current foundational reading level in classes 1-7 are lower than at any time in the last decade. Similar drops have been visible in children's mathematical abilities over the period of the pandemic. The pandemic also taugm Pratham new ways of working. As tools such as Zoom and WhatsApp became mainstream. V found new ways of working with mothers and community volunteers. allowing us to reach more children than ever before. India's New Education Policy (NEP 20201 was also launched during the pandemic. The key recommendations of the policy are very aligned with Pratham's priorities & past efforts, especially in terms of foundational Itteracy and numeracy & eady childhood education, providing new prospects for partnerships with national and state govemments and others. The Global Education Evidence Advisory Panel convened by The Workd Bank, UNICEF and the FCDO recommends programmes based on the Teaching at the Right Level {TaRLI methodology. developed by Pralham. as the most appropriate inlervenb'on to help children catch up.
PRATHAM UK - A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT & ACCOUNTS FOR THE YEAR ENDE 1 MARCH 2022 thin this broader context, in 2022 The Pratham Education Foundation has launched a new strategy that will build on lessons leamed from the pandemic and help us to reach many more children and young people with leaming and vocational training opportunities. We aim to expand tried and tested programrnes, demonstrate and test evolving models and explore and experiment in new areas of potential importance in the future. We currently reach circa 500.000 children in 5,000 communities wilh TaRL work. Over the next fNe years, we aim to increase this to 625,000 in 6,250 communities. but critically, through volunteers reach an addrtional 3.5 million in 25,000 'calchment communtties, that neighbour the communities we are active in. Cr¢tically these partnerships act as demonstration models that encourage state governments to adopt the TaRL approa¢h. We hope lo double the number of slate partnerships from five early chiklhood development and five TaRL programmes to ten of each over five years. We also aim to double our reach for vocational training from 25,000 youth in 100 centres to 50,000 in 200 centres with significant growth in communty partnerships too. Stronger digttal elements will be bu1 into every level of Pratham wogramming. In the UK we seek to grow awareness of the incredible work of Pratham and raise more funds to support the implementation of the new strategy. VOLUNTEERS Pratham is reliant on a very large number of indiwduals who are committed volunteers and who are absolutely vital for the whole range of operations Pratham undertakes. The trustees wish to thank all people who have volunteered, contributed or supported Pratham UK in any way during the year. PUBLIC BENEFIT STATEMENT The trustees of Pratham UK confinn that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. 'Charities and public benefft.. RISK MANAGEMENT The trustees have undertaken a risk assessment for the Charity encompassing all potential areas of risk and review this periodically. Generally. the truslees are satisfied thal the operats'ng systems and procedures are in place to mitigate our exposure to the major risks.
PRATHAM UK- A COMPANY LIMITED BY GUARANTEE ANNUAL REPORT & ACCOUNTS FOR THE YEAR ENDED 1 MARCH 2022 DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons who are trustees at the time when this trustees, report is approved has confirmed that: so far as we are aware, there is no relevant audit infomation of which the charitable company's auditor is unaware., and the trustees have taken all the steps that ought to have been taken as a trusteé in order to be aware of any relevant audit information and to establish that the Charity's auditor is aware of that infomiation. AUDITOR The auditor. GOLDWINS LTD has indicated its willingness to continue in office. The designated trustees will propose a motion re•appointing the auditor at a meeting of the trustees. This report was approved by the board of trustees and signed on its behalf. /lz Sakate Khaltan Chalmlan Date.. 1310912022
Independent Auditor's Report To th• mambor of Pratham UK Oplnlon We have audited the finanaal statements of Pratham UK for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balan Sheet, statement of cash Ilows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102-. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Oplnlon on flnanclal 8tat•m•nts In our opinion the financial statements.. give a Irue and fair view of the skte of the charitable company s affairs as al 31 March 2022 and of its income and expenditure for Ihe year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounling Practice- and have ten prepared in accordance with the requirements of the Companies Act 2006. Ba818 for oplnlon We conducted our audit in accordance with Intemation81 Standards on Auditing (UK) {ISAs (UKII and applicable law. Our responsibilities under those slandards are fijrther described in the Auditorfs responsibilities for Ihe audit of the financial statements Section of our report. We are independent of the Charty in accordan wrth the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard and we have fulfille(l our other ethical responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclu8lons r•latlng to golng concom In audf(ing Ihe financlal statements. V have concluded that the tnJstees' use of the going concern basis of a¢counling in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identtfied any material uncertainties lating to events or conditions that, individualty or collectNely. may cast signrficant doubl on the charity's ability to continue as a going concern for a period of at least tsvelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilitres of the directors with respect to going concern are described in the relevant sections of this report. Othw Infomiatlon The trustees are responsible for the other information. The other infomiation comprises the infom)alion included in the annual report other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitty stated in our reporl. V do not express any form of assurance conclusion thereon. In connection with our audil of the financial statements, our responsibilty is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a matsrial misststement ofthe other infomation. If, based on the work we have performed, we condude that there is a material misstatement of this other information, we are required to report that fact.
Independent Audltor's Report To the mombor of Pratham UK We have nothing to report in this regard. Oplnlon on othar mattor pr••crlbod by the Companlos Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infomation gNen in the trustees, report (incorporating the directors, report} for the financial year for which the fiDanoal statements are prepared is consist8nt with the financial statements- and the trustees, report {in¢orporating the directors, report) has been prepared in accordance wtth applicabl8 legal requirements. Matt•rs on whlch we are requlr•d to report by ex¢eptlon In the light of the knowledge and understanding of the Chartty and its environment obtained in the course of the audit, we have not identified Material misstatements in the TTuslees' Annual Report. We have nothing to report in respect of the following mattern vthere the Companies Act 20C6 requires us to report to you rf. in our opinion- adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us; or the financial slatements are not in agreement with the aexounts'ng records and returns; or certain disclosures of trustees, remuneration specTfied by law are not made,. or we have not received all the infomiation and explanations we require for our audit. Regponslbllltleg of the trtea8 As explained more fully in the Trustees. Responsibiltties Statement, the trustees (who are also the directors of the charttable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied thal they give a true and fair view and for such internal control as they detemine is necessary to enable the preparation of financial Ststements that are free from material misstatement, whether due to fraud or error. In preparing the financial $tatements, the trustees are responsib for assessing the Charity's ability to continue as a going conrn, disclosing. as applicable. matters related to going coneern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to Cease operations. or have no realistic alternative but to do so. Our respon8lbllltles lor th• audlt of the flnanctal Statements Our objectives are to obtain reasonable assurance about whether the financial ststements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUK) will aayS detect a material misstatement when tl exists_ Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance wilh laws and regulations. We design procedures in line with our responsibilities, oullined above. to detect material misslatemenls in respect of irregularilies. including fraud. The extent to which our procedures are capable of detecting irregularitses. induding fraud are set out below. 10
Independent Auditor's Report To the mombor of Pratham UK In identrfying and assessing risks of material misststement in respect of irregularities. including fraud and non-compliance wth lav and regulations. our procedures included the following: We enquired of managemenl, which included obtaining and reviewing Supporting documentation, concerning the charity's policies and procedures relating to.. identifying, evaluating. and complying with laws and regulalions and whether they were aware of any instances of non-compliance.. Detecting and responding io the risks of fraud and whether they have knovAedge of any actual. suspected, or alleged fraud., The internal controls estsblished to mitigate risks related to fraud or non- ompliance wilh laws and regulations. We inspected the minutes of meetings of those charged wrth governance. We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statemenls or that had a fundamental effect on the operations of the charity from our professional and sector experience. We reviewed the financial statement disclosures and tested these to supporting documentalion lo assess compliance with applicable laws and regulations. We performed analytical procedures to identtfy any unusual or unexpected relationships that may indicate risks of material misstalemenl due to fraud. In addressing Ihe risk of fraud through management override of conlrols, we tested the appropriateness of joumal entries and other adjustments, assessed whether the judgements made in makn'ng accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the nomal Course of business. A fvrther description ol our responsibilities for the audit of the financial statemenls is lo¢ated on the Financial Reporting Councils website at.. Iww.frc.org.uklauditorsresponsibilitiesl. This description forms part of our auditorfs report. Use of our roport This report is made solety to the charitable company'5 members, as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditoff s report and for no olher purpose. To the fullesl extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body. for our audit work. for this report. or for the opinions we have ft)rmed. Anthony Epton (Senlor statutory Audltor) for and on bohalf of Goldwln• Llmtted Statutory Audltor Chartered Accountants 76 Maygrove Road West Hampstsad London NW6 2EG Date.. 2310912022
Pratham UK (incorporating an income and expenditure 8LYX)unll For lh• •nd•d 31 Alv¢h 2022 2021 funds Dtrnabons and legacws Charitable acbvit Olher trading aCthvas Olher Inwr 303.045 283W7 574853 303.045 062.720 12,401 136.862 1e8,174 49.038 18,092 T(tsl Incun• 607.376 $78.853 1,186,229 372,166 ExnT9 on: Raising funt1s Ch8ritabk acb"¥ibes 90,230 407,996 903x1 23.639 4M479 902N75 729.143 Total 9Xnd11urn 494479 992.705 752,782 N•t 1•X1?)I Inc<xn• b•fom n•t galrol Iloss•sl on In¥88tmonts 1,110 84J74 193.524 1380,6181 Nei gains I Ilossesl on in¥esbnefits Not {•xpendllurnl I In¢¢m•forth• y••r 109.160 84A74 193.524 1380.6161 Transfer5 be¥een lund$ Net movarnertln fwJd¥ 109.1SO B4J74 193,524 1380,6161 Reconclllatlon of lund#: Tolol fvnds brought foTh¥ar 1n.094 177.094 557,710 14 286.244 64J74 370,618 177,094 Tre were no other rpcognts8d gairts or10$5•5 othèr than statod ab¢)v•. The atts¢heLI noies forrn parf of these finanrial statements. 12
Prnthlm UK Balanc• iheot A• at 31 PAarch 2022 2021 2021 FIX a•••ts: Tangiblè as58ts 10 247 495 Currnnt •M•ts: Debtors Cash at bank and ty) hand 11 1A10 379,166 380.575 9,160 176.173 187,333 U&bllltl••: Cr&Sitors.' amounts falling due vAthin ITh wr 12 110304 110.7341 N•tcurr•nt a•••ts 370A71 176,599 Total not u••ts 370,618 177,094 Fund• Restncted fvnds Unrestricted fund¥ 14 84.374 177,094 TotAI fund¥ 370.618 177,094 Tho finanrAal ststem8nts have been prepa in xcordance wlh speaal pro¥105 for srnal mpanS uThder Part15 01 Ihg ¢panti Act 2(W. Approved by the tnjstees on 13 sepmber 2022_ and sigrpd on their bahalf by.. K JIrnan Cl)mry r•glgtrAllon no. 0471 The attach6d ntstes forni part of ts finantsd slatements. 13
8tat•m•nt ol th flow• Forth• •ar end•d 31 Mareh 2022 2021 Ch flow8 Irom opprntlng 8¢trth: N•t cash provlded by I lu••d Inl operntlng •CtMtI Cash flo fyom In¥•8llng ac11vltl••: Sakl Ipurthasel of fixed assets 1237,8141 743 Ca•h pmlthd ty l ed In) Inv••llng •clMtle• 17431 Chango In ¢a•h •nd cash •qul¥alwth In th? year 1238,557) Ca¥h and cash equivalents al tho baginning ol ihe year 1n1TJ 416,730 C•h 4nd ¢a•h oqulvalwts atth• •nd al thè y•ar J79.165 178,173 •) l•xpendllure) to net cuh Iltywfrom 2022 2021 Net income I (expenditu) for the porThJ period las per the statement ol finanryal actyWtsI 1380.6161 D8precT8tson Decrease I Ilncrnas81 in debtors Increase I Idecreasel in ¢(sOr$ N•t ca•h prvvld•d byl lu••d In) oporatjng a¢tlvFU 248 181,234 138,6801 7.700 1530) 1237,8141 bl Analy•l• of c••h and CA•h 1gth•nl At 31 March 2022 At 1 Awll Cash at bank and in hand 1741n 379,166 T¢)tsl ¢a¥h and cath •qulv*l•nt• 1N1n 379,165 14
Pratham UK Nots• to th• fftn•nclal •lxt•m•nl• Forth• r endod 31 Mah 2022 l counllng pollGI•• •> Ba• pr•pw4tknn The finanaal Slements ha¥9 bèèn F¥eparJ n 8ccordantÈ with Accwnbng and Repotting by ChariiB5'. Stalemenl of RecomrrTh#ed PrafAre to Lattses rKep8riry the¢r a¢y))unts In aux?anc0 with the FinanrAal Reporbn9 Standard applicable in the UK and Repth of IrekTrl IFRS 102- ell8dl¥e 1 JaouDry 20151- (Charibes SORP FRS 10218nd the Cornpans ALX 2TrA. P181harn UK mee15 the dtfinitTr)n of • pubbc bBn2fi1 eniity under FRS 102. Assets and liabililts a initialty rtCQgnised ai ¥tonl rA)s1 or trans8¢btyl ur4esG OtheTht $18ied kn r$vant accL¥JntityJ polity or not8. The finandal statemen15 are Fyepated in sterfmg. wfftich is the fvrthnal f)mncy of the tharty. Trnnsacbons fOren wrrency are tranSted Stertir 81 ihe rale aprtyrvJ on the date of transaetlon. B8Lqnce5 (nominaled In foreign cufrtrntiès are tran$iqled into SlerkrJ al the rate ol exch8rMJe fuMir¥J al Ihe balanr£ sh2È1 dale. Monetary amounts in these finanGp315tstsments ar8 romled to th& marpst £. M exch•rwJe dMl8r8nc85 8re deoll th in the st4temgnts offinantial 8cai¥thM. The campany Is registertrj in EThjIa and Wa5 ar¥1 addtess d its regi&tsr&J offKe 15 &Jrte 21. VKarJge HOLe. 5840 Kgrffjknglon Church Str8et, Lc4JJM. W8 4DB. l Golng ¢onc•rn The bwesl chalknrye ihat charrfy Fdred townls Ihe ol thSs yaar has ten the COWD-19 cri5k5.Tt trustees COnder due 10 Ibe steps taken by charty to address the COVIO-19 situation, there are no material unrtaNb¢s aboth charity's abilty o)ntinL as a Conrn. The Irust88s do not conwder Ihal th8f8 are any sources of estimatn uncertaity at Ihe Porh"ng date thal have a $NJnfvnl rwk of a melenal adjustnt io the rryin amLwnts ulassets arKI tsablrf1eswitA the no rtyortmg Trod. ¢1 In¢•m Inromo is recognised when the chanty has entypThnt to Ihe any per[oMar cOndrtkn aiiach8d to the incoffle have been fflel, it is prpbable Ihat Ihe mwm¢ill bB rpcNed and Ihal Ihe Jfflount can be measured reliabty. Income frDm govefflmenl and other giants. ¥¥hether '¢gpial' gran15 or 'tevenu2' grarns. is recognised when the charity has entitMent to Ihe hJnd5, any performance conthtions aitsthd 10 the granis have baen mèt. it prtsbable iThai uie Income will bp re1ved and Ihe arnouni can be rneawr reblY and is noi deferred. Incomtr rètsived In ad¥•n¢8 for thtr prowon ofsppofd lefred tho ten0 f¢[ inoTh arè fflel. dl Donatlons o1g11ts. ••ry•• and fa¢lW Donated profes81onal servKes and ¢yonated frduIitEs are ¥ecogni%ed as incfjrne the thatity has control ov?rlh8 em or rEceived the senri. any conditn5 ¥sso(i8led th8 don1)n have been met. Ihe recelpl of enoMiC benèfrt from Ihe use by Ihe charity of the item Is probaNe and that econoTht bBnBfiI can be me8sured reliably. In accordan th Ihe Char5 SORP IFRS 1021. vojunieer bm& not tecognis¢d so reler 10 trustees. annual T8POrt for more informatr)n thw¢onknt). On re¢eipL doftated 9. wofe8sK)n81 are reoJgnts8d on the basw of the ¥alue ofthe lft to th8 Charity i¥ the amuL1 the thanty thrAJkl ha¥ been tAqlry pay to oblah or fadlrttss of equivanE 8cononl¢ bÈrtA IhE ap8n fflark8t.' a ¢)YTespondthg arno[ Is thèn rawnisod In expendrture In the riod of r¢¢ipl •) Ltych• and glft In Le9aaes. donation5 and gdt$ 8r8 recoonised when reryable or it bemmes tKob8tye that Ih?y WAI be rerived and the value be Measu suffic*nt Grft a inckJde(l in Ihe accounts ai an esiimalp DI gros5 Value. Is
Prntham UK Ilot•• to th• fin•n¢l•l •lat•m•nt• F•rtM r ded 31 IIArch 2022 1 AoUn119 pollelos fi ¢harllMbl• trxp•Thdliur• Chaiitabkn trxpendltwe those ¢051$ incwred wi pursuance of the that118b airm of Ihe Gompany. Grants payable to PaTkner organlsation5 foreduL>btina sw0cts are MKkJded pi the Statement of Finanoal ActivilE5 ISOFAI %then apyoved ty th8 Iwstee. and wJrd with ts (trr uganis81kn5. The Va olsuc grants unpphl at Ihe year end is accnJÈd. 41 Alloeatlon of •upport ¢••ts Support Go$ts art those tjn5 that asslsl Ihe of the chadty but do not dwedy undertake ch8rilpWe athiybknes. Support C05ts Inckjde bac Offi costs. finance. wrsCr1. and govemance cos15 %Yhith support Ihe tharity and ils These GUSts have teen awcated betsb8n cost ol rai4ing fijnds and expendftJre arita0 a0$. Th8 b858s on Costs have alk)led are s1 in note 6. hl Fynd Unre51ricted funds aty avala8 10 5PBnd on adJMties Ihèi rurther any ot the purposes of tharity. DeSn$t00 fvnd$ are unreslncled fund5 of the thanty the tru51ee$ have decJ8d at thr Sj99n ty $¢1 a$Kle kn use for 8p8cSfjc purpose Re51rided fiJnds are donab0 ¥hch Ihe donDr has are lo be thety used for partilr area5 oflha charity's ¥vJth or loi spe¢ific projects being uThJertaken by the charty. Auctlom Where ihe thafjty ihe a55et bew¥J aud>Dned wo¢e8ds from auron are shr as the amounl al wthKh tho lotwgs sold to buytr Ihhen the tharity ru an aucbon at whith tho asset b8lryJ aucboned Still belory5 to th? origirial owmr. Ih& amount Sho¥ a$ inc¢rne that proportK)n of the amotht at the loi was sold thai the orfgll owrnr aweed shou tsken by Fblham as t donakn. J> TMWbl•llx•d a•Mts ¢offlputer equiprnent aty4uKÈd during the year is ¢Yep]818d kn the Ilrst yaar of purrl)a88 over Ihr88 ar$ on stralghl Ilne basLs and alco. net ofdeFwea3kn and any proTrA5ion Jr impairThent k) D•bto Olhei debtors are reLX)gnised ai the semkneni amoLW)t after any trade di8totht offered. PTrpa>Tnents are valued al Ihe amrxJTrl propd not of any trade drMd. Ca•h it b•nk and In h•nrf Cèsh at bank and in hand is lewesen by ¢••h in h•Thl •ThJ dEpwrfs fin4rKitil ilubOnS repayabk witho penafy on rnlKe ofnot more than 24 hoLYS. ml Crndltorn •nd provknlo CreoilOS ano provisiyns are wnp6ed 1 ts tharity has a preseni DbltrJaUon resunino from 8 pasi evtrnl that 11 probably re5uh in Ihe tran5fBr of fvnds lo a third party and the amount due lo seitle the obgation can be measured or esbmoled reltrJy. CrfjdttS aTrJ rec£wts&J ai s¢Wnent affl01 8fier allowrrfJ for any trade dlscounts due. n) FIMncl IMtrum•nts The charity only has finarthl as881s and fina181 laknlittas ora Ihat qualrfy 36 basK finarc$81 inslnjments. Bas financAal In5tnJrnents are initi81ty recognL8ed at ts8ns•tcn valutr arKI measured 8t th8*1 stttthenl value with tre exception of bank nS 4rE sub¥wuMty rneaw1 al arnorsed cost u8irwJ ts effre interest rnelhod. I P•n¥lon¥ Thg MpanY operat88 a defifi8d b8nèfft p)Trtrbthi p•row aThJ I thorge represent¥ the rn0 payabK8 by Ihe to the fijnd in respect of the ypar. 16
Pratham UK Nolg• to th• ilnan¢lal stat•m•nts Fortho r •nd•d 31 Mah 2022 2 Detaled CLJmparal¢ve6 for the slatement of fina>al activityes 2021 2021 2021 Unreslrictèd Restrided Total fund3 fvnds fijnds Donations and le98$ Charitable actNilies Other trading actNities Other ino)me Inve8tmenl income Totsl incryne 136.862 63,950 49,038 18.092 136,82 168.174 49.038 18,W2 104,224 267,942 104.224 372,166 Exwidliur• on: Raising funds Charitable actwities.. Tot •xpondlthre 23,639 492,919 516,558 23,S39 729.143 752.782 236,224 236,224 {248,616} 1132,C4XJ) 1380,8161 Nèl gains tsn investments N•t mowm•Tht In fvnd• 1248.6161 {132,IK#J) {380.6161 Total funds brought forward Total fvndv c•rrl•d fryw•nl 425,710 177.094 132,0 557,710 177,094 17
Pratham UK N¢>ts8 to th• Ilnanelal stat•m For th• y•ar •nd•d 31 March 2022 2021 T•)ll fundB Total futyjs nd• Oonalions 303,L145 30itV 136,862 136.862 2022 Totsl fund• Total funds 2021 fund• Don8tions- Event$ Foundation - Hamara Gaon Second Chance Pratham Counal lor Vulrrabte Children Madhya Pradesh Covid Reltef Recognib"on of Prior Learning IRPL) East Delhi 274278 275,278 171.042 37.150 55.705 2fy).507 8,082 63,950 28,687 69.424 6.113 171,041 37,150 35.705 18.1 l)0 578.853 8H620 181867 168.174 2022 Totsl fund• Totsl funds 2021 Online sales and audEons 11401 11401 49,038 49.038 11401 18
Notso to tho fln•n¢l•l stat•mw For th• endod 31 IIArch 2022 6 ofexpendlturn 2021 Total T¢rt81 Staff costs Oirect costs stsging events Read Indo- Pratham Indts8 Second Chance Pratham Council forvulnernb Chiklren Madhya Pradesh ovid Relief ROCOgn£ of Pmr LoamiNJ IFIPLI VKJyambaram Admin costs ProfessDnal F8• Printing.Po$tsge & Suppls Telephone & Internet Rent and rates Insurance A(fverti$ing Sundry Duès and Subscriplvms Travèl Just Giving Expense Bad debt expense Bank Charges Depreryaton Accountancy fe8S AJrt ftes 128.930 120.930 114.091 90230 1,370 208.746 567.799 37.150 157,705 209.748 37,160 15T,705 18,745 28,737 68,745 28,737 9.156 9.165 9.783 426 1.333 1A33 3244 32 1A05 8A21 1.173 9.028 1.432 1.697 246 1.598 667 360 28,0 3.277 248 18 4.918 3.910 6,500 6AOO 6.500 99330 731mJ 171.392 992.705 752.782 8A21 6n 673 418 972 Support 515 171 J92 (171.3•21 Tol•l xpondjTh 2022 90.230 901475 Total expenditu 2021 23,639 729.143 752.782 or the total gxp8ndituTr, £498.226 was unre8trth112021'. £516.5581 and £494,479 wa¥ re8tsicted 12021.. £236.2241. 19
Forthe TN$l$ swed IirJ•Jknlll.' 248 Swff 2021 102.951 7.783 3.357 JO 114.091 Soo •A17 12•. 12021-É62.MI. 12021. enill n7iTrthtB•d ¥12021. tr41. Wull•v iothe c¥*i2021 tnl). Tow lthÈswolb)e Addibon¥ 1,8iJ TrfJ e51aioltheh ChupJe
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lJ18 Atth• Ofth•>wr th• #art olihe 20
For r•rl•d 31 ¥•r¢h 2022 IAIO 9.160 Othercredor4 Acuu8ls Ta¥a SOdrty I2> 328B ?12 10 io.n4 AmountrwtasEd gaknc• atth• end olkn¢ y4 Jr Z47 185,••7 •W4 370.J71 Netcwreni asse N•t4M•tyll31 I1•h 1032 455 176.59P 177.tPJ4 Nei¢JJlrtth Zets NBias¥L44131 Mth 2020 170.5 21
Vorth• 14 lfft I FndtAl- Prthham Cwnol torV¢Jhernble CIAben Secund ChanL K4aorrya PdEsh ofPriryLewp& IRPL) 745 155JOS) JT.I¥ P7.1 147W) 11,100 4•,174 571.•U IU74 Tpt41 177m4 1.111211 37•.¢1• 31 FThidaith. Reaa Prathaffl thncd IVV7?ra0I•c[mkkn 2B.6B7 158Nn ToLg1 132.(th 101224 R36.2241 Tr4alunreJ& 425.710 307.912 1SfO.5511 177.OH 17T.094 1> LWtsknofth•¢h•rlLy Thè 15 a cofflpany cw. The We 13 TM#$dDnat8¢ £174MSSI2ts21." £?31.635}. 22