Company no. 7158545 Charity no. 1135538
## **Dasra UK**
# **Report of the Trustees and Audited Financial Statements for the year ended**
**31 March 2022**
## **Dasra UK**
## **Reference and administrative details**
**For the year ended 31 March 2022**
**Company numbaer** 7158545 **Charity number** 1135538 **Registered office and** C/o GMSP Foundation **operational address** Regent House, Theobald Street Borehamwood, Herts WD6 4RS
**Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Mr Matthew Spacie Mr Tarun Jotwani Ms Sonal Patel Ms Neera Nundy appointed 30 March 2022
**Bankers** ICICI UK Plc 21 Knightsbridge Hyde Park London SW1X 7LY **Independent Auditor** Blue Spire Limited Cawley Priory South Pallant, Chichester West Sussex, PO19 1SY
## **Dasra UK**
## **Report of the trustees**
## **For the year ended 31 March 2022**
The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011 and Sections 415 to 419 of the Companies Act 2006, together with the financial accounts for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Charity. The report covers the twelve-month period starting from 1st April 2021 and ending on 31st March 2022.
The Trustees are committed to the highest standards of governance and adhere to code of conduct for Trustees
## **Structure, governance & management**
Dasra UK is a registered charitable company (limited by guarantee), incorporated in England and Wales on 16 February 2010 with registration no. 7158545 and registered with the Charity Commission on 15 April 2010 with registration number is 1135538. The Company is also registered under HM Revenue & Customs which enables us to claim Gift Aid.
The Charity is governed by Memorandum and Articles of Association, which sets the objects and powers of the charitable company.
The Charity may by ordinary resolution:
- Appoint a person who is willing to act to be a director; and
- Determine the rotation in which any additional directors are to retire
Governance is exercised by a board of trustees, the members of which are selected based on the skills and experience that they bring to the governance of the Charity.
On appointment, new trustee is provided with relevant Charity Commission guidance and is given an introduction to the Charity’s activities by the Chairman and the other trustees. Trustees are provided with training as and when required.
The Charity works closely with the Impact Foundation (India), a not-for-profit organisation registered in India for pursuing the charitable objectives. However, the two organisations are not under common control.
The Board of Trustee meeting held two times in a year with quorum of three or more in the FY 202122 to discuss and review the activities and growth.
## **Object of the Charity**
The Charity is registered with the following objects to exercise their normal course of business:
- The prevention or relief of poverty in South Asia by providing grants, items and services to individuals in need and/or charities and/or other organisations working to prevent or relieve poverty or by such other means as the directors see fit.
- To promote sustainable development for the benefit of the public in South Asia as a means of furthering:
## **Dasra UK**
## **Report of the trustees**
## **For the year ended 31 March 2022**
- the preservation, conservation and the protection of the environment and the prudent use of resources; and/or
- the improvement of the conditions of life in socially and economically disadvantaged communities and development of the capacity and skills of members of those communities to enable them to meet their needs and participate more fully in society (sustainable development means "development which meets the needs of the present without compromising the ability of future generations to meet their own needs")
- To advance the education of the public in general (and particularly among philanthropists) on the subject of effective philanthropy in order to promote the efficiency and effectiveness of charities and to promote research for the public benefit in all aspects of that subject and to publish the useful results;
- To pursue the above objects either by promoting exclusively charitable work (as recognised by the law of England and Wales) of the organisation known as Dasra (Impact Foundation India) being a not-for-profit organisation registered in India or in such other ways as the directors think fit.
## **Public benefit**
In planning and implementing the Charity’s activities, the trustees have at all times kept in mind the Charity Commission’s guidance on public benefit. The overriding aim has been to provide support to socially and economically disadvantaged communities in particular in India. During the year, Charity has undertaken significant Covid relief initiatives to support the vulnerable communities in India. While undertaking any activities, the Trustees consider how the planned activities will contribute to the aims and objectives of the Charity. We are confident that Dasra UK’s activities during the past year have been for the public benefit.
The overriding aim of the charity has been to support non-profits in India and facilitate them to scale their impact towards serving the vulnerable communities. The charity’s key strategy is to drive collaborative actions to accelerate social change. We work tirelessly to build partnerships with nonprofits in India and philanthropists from around the world. We operate by bringing sector level insights, influencing trusted networks, unlocking philanthropic investments and driving impact led transformation. Our key measures of outcomes include influencing philanthropic capital, building network of givers, influencing policies or schemes, partnerships nurtured, number of non-profits supported and fund raised/granting for non-profits.
## **Grant Making Policy**
The Charity identifies non-profit organizations through various sources including our own databases and from existing partner networks for granting. The Charity conducts sufficient due diligence to confirm the identity of the non-profit organization, gains overall organizational understanding including its aims, objectives, communities served and causes supported. The grants are disbursed only after review and approval from all the Trustees. The grant recipients submit progress reports, which form the basis of grant monitoring.
## **Dasra UK**
## **Report of the trustees**
## **For the year ended 31 March 2022**
## **Risk Management**
The Trustees have assessed the risks to which the Trust is exposed, and are satisfied that procedures are in place to mitigate these. The current key risk that Dasra UK faces is around financial risk to support core expenditure. Raising money for core expenditure is a continual challenge and with increase in our program initiatives, we anticipate greater need to invest funds in strengthening our operations and increasing institutional capacity. We have a wide-ranging approach to raising unrestricted funds that give us the ability to meet the core costs. We will undertake focussed fundraising efforts for core expenditure and grow our funding portfolio from institutional donors that allows us the ability to charge specific running costs.
Trustees keep under review and ensure practices adopted by the charity are ethical. Dasra UK does not work with external agencies to outsource fundraising. Dasra UK communicates with donors if it has their permission to do so.
## **Dasra UK Activities in FY 2021-22**
## **Achievements and future plan:**
**#BackTheFrontline** , is a Covid relief initiative by which Dasra UK supported non-profit organizations across India with flexible & timely funds, enabling response to ever-changing onground needs of most vulnerable communities. The aim was to aid last-mile support like provision of oxygen concentrators and cylinders to healthcare facilities, building makeshift healthcare facilities including beds and other necessities especially in rural areas, conducting rapid tests for Covid, delivering home-care kits including food, basic medicines for self-care, providing personal hygiene products to migrants, tribals, and orphaned children, training paramedics and healthcare workers to extend the reach of health services, vaccination awareness. Through this initiative, Dasra UK’s outreach marked its footprints to 13 out of 28 states in India and supported close to 40 non-profit organizations with grants amounting to £1,366,000.This is one of the most extensive outreach by the Charity since its inception.
As a future plan, Dasra UK intends to implement the Rebuild India program. During the crises such as the Covid-19 pandemic, the fragility of vulnerable communities was further exposed. Learning from the situation, we plan to launch the Rebuild India Program, wherein, we intend to partner more closely with grassroots non-profit organizations that support underserved communities to be more crisis-ready, resilient, and striding towards success. The idea is to support grassroot non-profit organizations to break the cycle of vulnerability and reduce disparity even further by enabling impact across the key pillars of development – health, employment, education, gender, and equity.
**Dasra Adolescents Collaborative (10to19)** is an initiative committed to four goals of adolescents’ holistic wellbeing: completing secondary education, delaying the age at marriage, delaying the age at first pregnancy and building employability.
The 10to19 program continued supporting youth-focused organizations and funds were received from donors such as Marr-Munning Trust (MMT) to build and implement youth-first approaches. Grants of £11,759 were made as a part of this program to raise awareness on adolescent safety and rights in India. The program operationalized the Measurement, Evaluation and Learning (MEL) framework, which has proved essential to capture its progress and impact. The program also undertook thought leadership initiatives illustrating participatory approaches to youth-focused decision-making and assembled a youth advisory group, in partnership with Pravah, a non-profit organization based in India. This young advisory group represents a spectrum of gender, age, sexual orientation, religion, etc. and has been providing inputs to program’s overall strategy.
## **Dasra UK**
## **Report of the trustees**
## **For the year ended 31 March 2022**
As a future strategy, Dasra Adolescents Collaborative (10to19) program will continue supporting youth-focused organizations via granting funds and undertaking programmatic initiatives. It seeks to undertake the following:
- Strengthening knowledge from research and field learning
- Sensitizing funders, the government and Civil society organizations (CSOs) and mobilizing resources
- Leading narrative change and building capacity of adolescents
- Nurturing informal networks to connect actors (CSOs, funders) working on adolescent needs
- Informing policy improvements through multi-stakeholder (including adolescents) policy reviews
**Social Compact** is a program to support informal workers. Its implementation approach involves partnering with non-profit organizations for two key areas: undertaking company engagements and supporting worker facilitation centres (WFCs). Through company engagements, Social Compact’s partners directly engage with company leadership in order to influence company policies and practices applicable to its informal workers. The WFCs initiative helps workers by facilitating access to various entitlements and identity documents including Aadhar, PAN Cards, opening of bank accounts, e-shram, Building and Other Construction Works (BOCW) registrations, Covid-19 vaccinations, eye check-ups, general health check-ups, safety awareness and government schemes.
In FY 2021-22, as a part of this initiative, 39 companies were engaged in India, through which systemic impact was triggered for 35,000 workers at a company level.The Social Compact’s recommended standards for informal workers have been integrated by several companies. The Social Compact program also supported in setting up 4 WFCs across prominent industry hubs in the states of Maharashtra and Gujarat in India, helping workers (and their families) with access to various entitlements.
Social Compact program’s future plan is to expand the initiative to more companies. Through company engagements, trigger the systemic impact to more number of informal workers in India. The aim is to facilitate the increase of number of WFCs from 4 to 8 centres and make them operationalised by end of the next financial year. We intend to reinforce Social Compact’s positive influence over the broader industry ecosystem in India by increasing engagement and collaboration with industry bodies.
## **Fundraising**
The funds were raised from trusts, foundations and donations from individuals. The fund-raising activities were carried out by the Charity on its own. The Charity members have been familiarised and trained to recognise and protect vulnerable people. The Charity members are also trained on Diversity and Inclusion practices and the Charity members are committed to treat people fairly and with respect.Dasra UK does not subscribe to a voluntary scheme or standard and there were no complaints over the charity’s actions in obtaining funds.
## **Dasra UK**
## **Report of the trustees**
## **For the year ended 31 March 2022**
## **Financial review**
For the financial year ending 31 March 2022, Dasra UK’s income from donations and grants amounted to £1,599,899 as against £64,000 in its previous year and its expenses amounted to £1,478,013 as against £26,591 in the previous year. This significant increase in income and expenses was mainly driven by #Backthefrontline, a Covid relief initiative.
From the total income of £1,599,899, 96% i.e. £1,540,182 was restricted income towards program activities of #Backthefrontline program, Dasra Adolescents Collaborative (10to19) and Social Compact Program. The balance 4% of income received i.e. £59,717 was unrestricted income to support strengthening of institutional operations. The top donors include The Maitri Trust, The Kiawah Charitable Trust, GMSP Foundation and Marr Munning Trust.Also note, Social Compact program shows a deficit of £40,278 at the balance sheet date due two reasons - 1) dissemination of funds before income recognition being met (i.e. deferred income of £32,278 which will be recognised in the subsequent financial year and 2) further income amounts to be received in subsequent financial year from the donor (i.e. receivable of £8,000).
From the total expenditure incurred of £1,478,013, 92% pertained to grants made to non-profit organizations in India under #Backthefrontline program. The remaining 8% expenses pertained to grants made to non-profit organizations supporting causes of Dasra Adolescents Collaborative (10to19), Social Compact Program, and other institutional costs.
The remaining fund balance at the end of the year was £217,211, of which £134,423 are restricted for program activities and £82,788 are reserve funds for institutional support. The Charity aims to maintain reserves equivalent to atleast £75,000 for six to nine months of normal operating expenses at any given time. The trustees anticipate that the level of free reserves will reduce during the next financial year as the donation will be utilised in-line with expansion of program activities.
## **Dasra UK**
## **Report of the trustees**
## **For the year ended 31 March 2022**
## **Statement of responsibilities of the trustees**
The trustees (who are also directors of Dasra UK for the purposes of company law) are responsible for preparing the report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company’s auditor is unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006.
Approved by the trustees on 20th December 2022 and signed on their behalf by
Matthew Spacie, Director Dasra UK Registered company number: 07158545 Registered charity number: 1135538
## **Dasra UK**
**Statement of financial activities** _(incorporating an Income and Expenditure Account)_
## **For the year ended 31 March 2022**
|Restricted
Unrestricted
Note
£
£
**Income and endowments from:**
Donations and legacies
2
1,540,182
59,717
**Total**
1,540,182
59,717
**Expenditure on:**
3
_Charitable activities_
Grants to partners
3A
1,457,035
-
Consultancy fees
-
120
_Governance costs_
Auditors remuneration
4
4,620
Independent examiner's fees
4
6,300
_Support costs_
724
9,214
**Total**
1,457,759
20,254
82,423
39,463
Gross transfers between funds
6
-
-
**Net movement in funds**
82,423
39,463
**Reconciliation of funds**
Total funds brought forward
6
52,000
43,325
**Total funds carried forward**
6
134,423
82,788
**Net income/(expenditure)**|**2022**
**Total**
**£**
**1,599,899**
1,599,899
**1,457,035**
**120**
**4,620**
**6,300**
**9,938**
**1,478,013**
**121,886**
**-**
**121,886**
**95,325**
**217,211**|2021
Total
£
64,000|
|---|---|---|
|||64,000|
|||24,000
-
-
2,591|
|||26,591|
|||37,409
-|
|||37,409
57,916|
|||95,325|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 6 to the financial statements.
## **Dasra UK**
## **Balance sheet as at 31st March, 2022**
|Note
**Current assets**
Cash at bank and in hand
Paypal Balance
Total Cash & bank Bal
**Liabilities**
Creditors: amounts due within one year
5
**Net assets**
**The funds of the charity:**
6
Restricted funds
Unrestricted/General funds
**Total charity funds**|**2022**
**£**
**629,925**
**13**
**629,938**
**412,727**
**217,211**
**134,423**
**82,788**
**217,211**|2021
£
95,325
-|
|---|---|---|
|||**95,325**|
|||**-**|
|||95,325|
|||52,000
43,325|
|||95,325|
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The accompanying notes for part of these financial statements.
Approved by the trustees on 20th December 2022 and signed on their behalf by
Matthew Spacie, Director Dasra UK Registered company number: 07158545 Registered charity number: 1135538
## **Dasra UK**
## **Statement of Cashflow for the year ended 31st March, 2022**
||**2022**|**2022**|2021||
|---|---|---|---|---|
||**£**|**£**|£|£|
|**Net cash flow from operating activities (see below)**||**534,613**||37,409|
|**Cash flow from investing activities**|||||
|Investment income|**-**||-||
|Movement on current asset investments|**-**||-||
|Cash inflows from foreign exchange|**-**||-||
|Proceeds from sale of investments|**-**||-||
|Purchase of investments|**-**||-||
|**Net cash flow from investing activities**||**-**||-|
|**Net increase/(decrease) in cash and cash equivalents**||**534,613**||37,409|
|**Cash and cash equivalents brought forward**||**95,325**||57,916|
|**Cash and cash equivalents carried forward**||**629,938**||95,325|
|**Cash and cash equivalents consist of:**|||||
|Cash at bank and in hand||**629,938**||95,325|
|**Cash and cash equivalents carried forward**||**629,938**||95,325|
|**Reconciliation of net income to net cash flow from operating**|**activities**||||
||**2022**||2021||
||**£**|**£**|£|£|
|Net income for the year||**121,886**||37,409|
|Adjusted for:|||||
|Investment income|**-**||-||
|(Gain)/Loss on investments|**-**||-||
|Decrease/(increase) in debtors|**-**||-||
|Increase/(decrease) in creditors|**412,727**||-||
|||**412,727**||-|
|**Analysis of changes in net debt**||**534,613**||37,409|
||**2022**||2021||
||**Cash and cash**||Cash and|cash|
||**equivalents**||equivalents||
||**£**|**£**|£|£|
|||||-|
|Total net debt brought forward||**95,325**||57,916|
|Cash flows||**534,613**||37,409|
|Total net debt carried forward||**629,938**||95,325|
## **Dasra UK**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **1. Accounting policies**
## **General information, scope and basis of the financial statements**
Dasra UK is an incorporated charity, limited by guarantee, incorporated in England with the company number 07158545. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are outlined in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. 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 issued on 11 October, 2019 , the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice .
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.
## **Dasra UK**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:
● Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs.
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.
## **VAT**
The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.
## **Taxation**
The charity is considered to pass the tests set out in sections 466 to 493 Corporation Tax Act 2010 (CTA 2010), as such no income tax is payable on the charity's activities.
## **Debtors receivable and creditors payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Cash and cash equivalents**
Cash and cash equivalents includes cash at bank and in hand.
## **Dasra UK**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **Fund accounting**
Unrestricted general funds are incoming resources receivable or generated for use in furtherance of the general objects of the charity without restriction.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 8 of these financial statements.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **2. Voluntary income**
|Restricted
Donations by trusts
1,428,905
59,717
Donations by individuals
111,277
-
**Total**
1,540,182
59,717
**3.**
**Resources expended**
Restricted
Unrestricted
£
£
**3A.** Grants to Partners
9
1,457,035
-
Consultancy fees
-
120
**Expenditure on Charitable activities**
1,457,035
120
**3B.** Grant Management Tool Cost
-
5,391
Rent
-
258
Insurance
-
2,026
Auditors remuneration
-
4,620
Independent examiner's fees
-
6,300
Bank charges
724
1,539
**Expenditure on Support Costs**
724
20,134
**Total**
1,457,759
20,254
Unrestricted|**2022**
**Total**
**£**
**1,488,622**
**111,277**
**1,599,899**
**2022**
**Total**
**£**
**1,457,035**
**120**
**1,457,155**
**5,391**
**258**
**2,026**
**4,620**
**6,300**
**2,263**
**20,858**
**1,478,013**|**2021**
Total
£
64,000
-|
|---|---|---|
|||64,000|
|||**2021**
Total
£
24,000
-|
|||24,000|
|||-
720
1,824
-
-
47|
|||2,591|
|||26,591|
## **Dasra UK**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **4. Auditor and Independent Examiners Remuneration**
|Auditors remuneration – Audit
Independent examiners' fees – Examination of years 16/17 to 20/21|**2022**
**£**
4,620
6,300
**10,920**|**2021**
£
-
-|
|---|---|---|
|||**-**|
## **5. Creditors: amounts due within one year**
|**Creditors: amounts due within one year**|||||
|---|---|---|---|---|
|Accrued grants payable
Accrued professional fees
Deferred income
**Deferred income**
#BTF-Covid relief support
10to19: Dasra Adolescents Collaborative
Social Compact Program
General funds|Brought
forward
-
-
-
-
-|Released
in year
**-**
**-**
**-**
**-**
-|**2022**
**£**
194,685
10,920
207,122
412,727
Deferred
in year
33,333
126,800
32,278
14,711
207,122|**2021**
£
-
-
-|
|||||-|
|||||Carried
forward
33,333
126,800
32,278
14,711|
|||||207,122|
## **6. Movements in funds**
|**Restricted funds:**
**1 #BTF-Covid relief support**
**2 10to19: Dasra Adolescents Collaborative**
**3**
**Total restricted funds**
**General funds**
**Social Compact Program**
**Total funds**|At the start
of the year
£
-
22,000
30,000
52,000
43,325
95,325|£
1,491,589
38,871
9,722
1,540,182
59,717
1,599,899
Incoming
resources|£
1,366,000
11,759
80,000
1,457,759
20,254
1,478,013
Outgoing
resources|Transfers
£
-
**-**
**-**
-
**-**
-
-|**At the end of**
**the year**
**£**
**125,589**
**49,112**
**(40,278)**|
|---|---|---|---|---|---|
||||||**134,423**|
||||||**82,788**|
||||||**217,211**|
**Dasra UK**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **7 Purposes of restricted funds:**
## **1. #BTF Covid relief support in India:**
We have disbursed/committed funds amounting to £1,366,000 to about 40 non-profit organizations like Mann Deshi Foundation, Shelter Associates, Swayam Shikshan Prayog, and Seeds India for Covid relief support to local Indian NGOs that are providing last-mile supply in areas like oxygen concentrators and cylinders to healthcare facilities, building makeshift healthcare facilities including beds and other necessities, especially in rural areas, conducting rapid testing for Covid and co-morbidities, delivering home-care kits including food, basic medicines for self-care, providing personal hygiene products to migrants, tribals, and orphaned children, training paramedics and healthcare workers to extend the reach of health services; supporting with vaccination awareness and Covid appropriate behaviours; providing timely administering of life-saving medication and other Covid response needs.
## **2. 10to19: Dasra Adolescents Collaborative**
We have disbursed/committed funds amounting to £11,759 to Pravah in India for 10to19. The Dasra Adolescents Collaborative is a national multistakeholder initiative in India that aims to transform the lives of over 5 million adolescents across four target outcomes: delayed age of marriage, delayed age of first pregnancy, improved secondary education, and increased agency and employability.
## **3. Social Compact Program**
We have disbursed funds amounting to £80,000 to Aajeevika Bureau, Jan Sahas Foundation, and IDEAL(CSJ) in India for the Social Compact program which aims to aspire to greater dignity and equity for industry-engaged informal workers within industries in India.
At the balance sheet date, Social Compact Program was in deficit totalling £40,278. This deficit has arisen due two reasons - 1) dissemination of funds before income recognition being met (i.e. deferred income of £32,278 which will be recognised in the subsequent financial year and 2) further income amounts to be received in subsequent financial year from the donor (i.e. receivable of £8,000).
## **8 Related party transactions**
During the year under review and the comparative year no remuneration was paid to trustees and no trustee was reimbursed or had any expenses paid on their behalf. There were also no material expenses waived by trustees in either year.
The charity has no employees with all administrative matters carried out by the trustees and volunteers.
**Dasra UK**
## **Notes to the financial statements**
## **For the year ended 31 March 2022**
## **9 Grants to partners - institutions**
|**Recipient**
_#BTF-Covid relief support_
AALI
Aawaj Jankalyan Samiti
Agragamee
Akhil Bhartiya Samaj Sewa Sansthan
Centre for Equality and Quality Education
Chetna Vikas
Chitrika
Community Development Centre
Dream a Dream
Gram Vikas Trust
Grameen Sahara
Hasiru Dala
Impulse NGO Network
Jan Vikas Samiti
Kajla Jankalyan Samiti
Kandhamala Zilla Sabuja Vaidya Sangathan
Kenduadihi Bikash Society
Mahila Abhivruddhi Mattu Samrakshana Samasthe
Mann Deshi Foundation
Pravah
Rubaroo
Sadbhavna Trust
Sahjeevan
Sarthak Foundation
Sathee society for advancement in tribes health
Seeds India
Seva Mandir
Seven Sisters Development Assistance
Shelter Associate
Sneha Charitable Trust
Society for Education Action and Research
Swayam Shikshan Prayog
Synergy Sansthan
Tata Institute of Social Sciences
Urban Management Centre
Utthan
Vaagdhara
Vikas samvad samiti
_10to19: Dasra Adolescents Collaborative_
Pravah
_Social Compact Program_
Aajeevika Bureau
Ideal (CSJ)
Jan Sahas Foundation
_All to India and one grant unless noted_|**2022**
**£**
10,100
10,100
10,100
10,100
10,100
10,200
10,000
10,100
73,000
9,800
10,100
35,500
10,000
73,000
10,000
10,000
10,000
10,000
207,000
73,000
10,100
10,100
37,600
10,100
10,000
73,000
73,000
73,000
74,750
10,100
80,500
74,750
10,100
76,000
73,000
10,100
37,600
10,000|
|---|---|
||1,366,000
11,035|
||11,035
25,000
25,000
30,000|
||80,000|
||1,457,035|
**Dasra UK Financial statements**
**31 March 2022**
## **Independent Auditor’s Report to the Members of Dasra UK**
## **Opinion**
We have audited the financial statements of Dasra UK (the ‘charitable company’) for the year ended 31 March 2022 which comprise Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. 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).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company’s affairs as at 31 March 2022, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the report of the trustees, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the report of the trustees. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees' report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit **;** or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report **.**
**Dasra UK Financial statements**
## **31 March 2022**
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s 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 (UK) will always detect a material misstatement when it 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 taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Based on our understanding of the Charity and the industry in which it operates, we identified that the principal laws and regulations that directly affect the financial statements to be the Companies Act 2006 and the Charities Act 2011. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.
In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As a grant and donation funded grantmaker there is a limitation to areas most likely to have such an effect with fundraising from the public the only potential area. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.
Audit procedures performed by the engagement team included:
- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- Reading minutes of meeting of those charged with governance
- Challenging assumptions made by management in their significant accounting estimates in particular those relating to provisions.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
- A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilities-for This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Cawley Priory South Pallant Chichester Geoffrey Frost BSc(Hons) FCA (Senior Statutory Auditor) West Sussex For and on behalf of Blue Spire Limited, Statutory Auditor PO19 1SY Date[21 December 2022]