Dasra UK
Report of the Trustees and Audited Financial Statements for the year ended
31 March 2024
Dasra UK
Reference and administrative details
For the year ended 31 March 2024
Company number 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 Mr Pratik Matai (appointed 22 June 2023) Ms Radhika Piramal (appointed 9 August 2024)
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 2024~~
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 2024. 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 01st April 2023 and ending on 31st March 2024. 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 2023-24 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 2024~~
7 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. 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 2024~~
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 2023-24
Achievements and future plan:
In 2023-24, Dasra UK continued it support to the Grassroot Non profits organisation in India. The Fund provides five years of flexible funding £10,000 annually per organization) and capacity-building support to empower grassroot Non profit organisation addressing key challenges such as health, education, gender, and equity.
Through Dasra UK’s contributions, £116,600 was disbursed to 12 grassroots organizations. These organizations work on critical issues like child welfare, gender-based violence, and poverty alleviation across India.
Dasra UK’s support is helping to amplify the impact of these organizations, allowing them to strengthen their programs, secure additional funding, and raise their visibility.
As we move into 2024-25, Dasra UK aims to continue growing its portfolio while deepening the engagement of existing NGOs in the selection process, with a focus on integrating gender, equity, diversity, and inclusion (GEDI) criteria. We are grateful to our funders and non-profit partners for their ongoing support in driving positive change across India.
In FY 2023-24, Dasra focused its commitment for Gender Equity and Women Leadership programs to improvise the holistic wellbeing of adolescents and young people in India. The program focuses on four key outcomes: completing secondary education, delaying marriage and first pregnancy, and building employability.With support from donors like Fondation Chanel and Marr-Munning Trust (MMT), youthfirst approaches by providing financial and capacity-building support to youth-focused organizations. A significant milestone was the "Call For Solutions" program, which worked with non-profits and social enterprises to drive transformational change in youth leadership, economic opportunities, and civic participation.
Dasra UK
Report of the trustees
~~For the year ended 31 March 2024~~
As a future strategy, Gender Equity and Women Leadership programs will continue supporting youthfocused organizations via granting funds and undertaking programmatic initiatives. Our key priorities:
= Identify and scale some youth and gender centric components across India towards advancing girls and young women’s leadership - by providing catalytic grants and bespoke capacity building support to with an intent to help them scale and deepen their most promising practices.
= Strengthening knowledge creation and thought leadership platforms through research and field learning
= Nurturing informal networks and partnerships to connect actors (CSOs, funders) working on adolescent and young people’s needs
Informal workers support program is designed to improve Indian company policies and practices for informal workers while providing direct assistance through Worker Facilitation Centers (WFCs). Informal worker program plans to focus on fostering industry collaboration to improve worker well-being by establishing a continuous cycle of dashboarding, assurance visits, and remedial actions as standard practice with its partners. The program will expand media relationships with Practice to mainstream informal worker narratives and diversify partnerships with media organizations in this area.
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 2024~~
Financial review
For the financial year ending 31 March 2024, Dasra UK’s income from donations and grants amounted to £389,324 as against £330,016 in its previous year and its expenses amounted to £456,167 as against £71,679 in the previous year.This significant difference in expenses is due to ramp up support towards grassroot NGOs in India under Rebuild.
From the total income of £389,324 86% i.e. £334,942 was restricted income towards program activities of Grassroot non-profits support, Informal workers support program and Adolescents CollaborativeGender Equity and Women Leadership programs. The balance 14% of income received i.e. £54,382 was unrestricted income to support strengthening of institutional operations. The top donors include The Chanel SARL and Hemant Patel.
From the total expenditure incurred of £456,167, 88% pertained to grants made to non-profit organizations in India under Rebuild support program and Dasra Adolescents Collaborative (10to19). The remaining 12% of expenses pertained to cost for support strengthening of institutional operations.
The remaining fund balance at the end of the year was £408,705, of which £326,483 are restricted for program activities and £82,222 are reserve funds for institutional support. The Charity aims to maintain reserves equivalent to at least £75,000 for six to nine months of normal operating expenses at any given time.
Dasra UK
Report of the trustees
~~For the year ended 31 March 2024~~
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 on166 D Decem b er er 2024ai signed on their behalf by
Mattlrw Space
Matthew Spacie, Director Dasra UK
Registered company number: 07158545 Registered charity number: 1135538
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Note K K 2 K
/ 334,942 54,382 389,324 330,016
334,942 54,382 389,324 330,016
3
A
3A 402,195 402,195 52,078
A A
20,755 20,755
A
3B,3 5,430 5,430 4,620
A
3B 27,/87 27,787 14,981
402,195 53,972 456,167 71,679
(67,253) 410 (66,843) 258,337
7 A A / A
(67,253) 410 (66,843) 258,337
7 393,736 81,812 877 3 217,211
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3$$
----- Start of picture text -----
2 K
5 25,993 9,329
387,840 636,880
2 12
413,835 646,221
) 5,130 170,673
408,705 877 3
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87*7 3
----- Start of picture text -----
2 2 K K
(249,050) 6,954
/ A
/ A
/ A
/ A
/ A
/ A
(249,050) 6,954
636,892 629,938
387,842 636,892
387,842 636,892
387,842 636,892
2024 2023
2 2 K K
(66,843) 258,337
(9,329)
(242,054)
(182,207) (251,383)
(249,050) 6,954
2024 2023
and cash Cash and cash
equivalents equivalents
2 2 K K
636,892 629,938
(249,050) ;47
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3$$
3$$
2
----- Start of picture text -----
K
----- End of picture text -----
----- Start of picture text -----
A
----- End of picture text -----
----- Start of picture text -----
A
----- End of picture text -----
----- Start of picture text -----
2 K
A A
402,195 52,078 52,078
A A A A
20,755 20,755
A
20,755 422,950 52,078 52,078
A A
5,874 738 8,917 8,917
A A
5,878 7383 5,550 5,550
A A
5,430 5,430 4,620 4,620
A A A A
15,168 15,168
A 867 3;8 A 514 514
A A
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@
7@
2 K 4,620 A 2023 2 K A
A A
;@
2 K A 40,250 4,620 A
| A | A |
|---|---|
| A | A |
| A | A |
| A | A |
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8@
----- End of picture text -----
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K K K K 2
A
79,049 156,850 420,985
/
222,499 245,345 158,418
33,394 A / 47,080
A
334,942 402,195 / 326,483
A
54,382 53,972 82,222
A
----- End of picture text -----
----- Start of picture text -----
3
----- End of picture text -----
4
2
----- Start of picture text -----
2
----- End of picture text -----
A
A
A
A
A
A
A
A
A
A
A
A A A A A
A A A
----- Start of picture text -----
2 2 2
326,483 82,222 408,705
326,483 82,222 408,705
2023
Restricted Unrestricted Total
Funds Funds Funds
K K K
393,736 81,812 475,548
393,736 81,812 475,548
and movements in funds
2023
Restricted Unrestricted Total
Note K K K
/ 311,391 18,625 330,016
Q
311,391 18,625 330,016
3
3A 52,078 A 52,078
A A A
3B,3 A 4,620 4,620
3B A 14,981 14,981
52,078 19,601 71,679
259,313 (976) 258,337
259,313 (976) 258,337
12 134,423 82,788 217,211
12 393,736 81,812 475,548
Year ended 31 March 2023
At the start Incoming Outgoing At the end
of the year resources resources Transfers of the year
K K K K K
125,589 103,197 30,000 A 198,786
49,112 154,230 22,078 A 181,264
A A
(40,278) 53,964 13,686
A
134,423 311,391 52,078 / 393,736
82,788 18,625 19,601 A 81,812
A
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Dasra UK
Financial statements
31 March 2024
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 2024 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 2024, 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
e 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:
e — 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
e 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
e — 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
e 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 repor
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Date 16 December 2024