DE NDATI NLI rrED an istrati 15 INANCIAL FOR THE Y MAR 24 co Report of the Trustees Ito4 Independent Examiner's ReFM)rt 5tstement of Finanaal Activities Summary Income and Eyrn11ture Account Balan Sh*t Notes to the Financlal Statements 9t012
GEI DE N HERThAGE FOUNDATI N LIMrrED REP RT OF THE TR srEES FOR THE YEAR ENDED 31 MAR H 2024 rEnd 24 The Trustees are pleased to present 1r Annual DItOrS, Rert t¢)Jether with Flnanclal Statements of the Charlty for the Year Ending 31st March 2024 whid) are also prepared to meet the requirements for a Directors. Report and Accounts for Companles Att purpose. The FlnarKlal Ststsment comply with the aritS Act 2011, the Companles Act 2006, the Memorandum and Articles of A$slatIOn, and ACCOUnn9 a1 Repotfjng by Charities: Ststement of Recommended Practi applicable to charities pparrrfj their accounts in accordan with the Nnanoal Reporting Standard applicable In the UK and Republic of Ireland (FRS102) (effectNe 1st January 2015). Reference and Admlnl The D1redors of the Charltable Company (the Charity) are its Trustee5 for the purpose of Charity Law. The Trustees are proposed and appolnted by Board of Trustees at their m&tings throughout the year or otheiSe at the Annual Gener71 Meeting. TrusteelDirectors: Mr. Stephane Blc(h-Saloz Mts. Helene Phlljn Dr. G&)rge Alexander Michell Mr. Foklon P¢)tsmianos Mr. Abhishek Mehts Vlstrd Company *retsries Limited Registered Office: Suite 1, 7th Flt)or 50 Bro&Jway London SWIH OBL Unlt&l Klngdom Registered Number: 07579815 Accountants: Cole & Co Chartered Accountants 6 Fordbrfdge Road Ashford Middlesex TW15 2SG Bankers: C4F Bank Llml 25 Kings Hlll Avenue KiThJs Hlll West Malling Kent ME19 4JQ
PA DECCAN HERITAGE FOUNDATION UMrrED FTHETR (ContrnLEd) Constitution Deccan Heritage Foundauon Limited Is a company Limited by Guarantee and a RegL£tered Charity governed by Its Memorandum & Article5 of Assttiation. Company Number: 07579815, Charity Number,. 1142905. Fundin The Deccan Heritsge FouThJation Ltd.'s fDHF") flnan remain In healthy condttlon at the condusion of a busy 2023124 flscal year due to regular and comprehensive budgeting at board meetings. The DHF'S primary sour5 of inwme have bn donations from private Indfvlduals, Induding the Trustees, supplemented by fundlrwj from other charitable organisatlons. The DHFS registered Offi address is Suite 1, 7th FIr, 50 Broadway, Lolon SWIH OBL. andA The Deccan Heritsge Foundatron's goals are to preserve, restore and promote the heritage of the Deccan region of India, and In particutar ts pldthora of monuments. This is primarity achieved through three drfferert avenues: Conservation Projects Educational Prc#Jrammes Cultural Prorrbjtion (through Publ1raons and Events) A major part of DHF'S mission is bringlng the t)eccan's rith herftsge to a new generation of Indian5 a5 well as foreign Sitors. As suth, the DHF pla5 an emphasis on projects wlth a soclal dlmension, whth will nct cfily prove culturally riching but benefit the Ic(al population in both the prent and future. a) Conservalon: The following conservation projerts were ongoing during the year., Agreement signed for the provision of new transportauon and compostlng facillties at Bidar wasie disposal fadllty. Thls completes the project after which It wlll be financially self- sustaining. Fdlovlng a grant from the Amerfcan Ambass0S Fund and assistance a1 collabc*atlon wth other interested parties, an agreement was Signed for the perVation aTrJ restoration of the Jayalakshml Vllas Manslon fJVM?, a bulldlng of slgnlficant architectural Importan and formlng part of the UnNersity of Mysore. Thls wlll indude restoration of its important colkctlon of artifacts, palntlngs Sculptu and textlles and Sts transformation Into an ethnojraphic museum a centre of ellen fcff tralnlng students in preseNaUon, restoration and museolcgy. This will be a slgnlflcant multl-year project, made posslble by generous funding from the Harlsh and BSna Shah Foundation.
PA DE AN HERrr UmED EP srEES (Continued) Ob'ertlves and Activities (Continued) b) Educatlon., See above re &lucatlon trainiThJ at JVM DiScussn$ continue in Anegundi for the provision of computer courses in local sch(y)Is Lectures were glven In USA, UK & India on Hampi archaeological sites The new website, incorporatSng video, trcommerce and download fa(IliUes was complet&d Sxlal media presen estsbllshed and develoFed indLJing on Instagram c) PubllL7ttons: A guldebc¥Jk on Mysore was complet8J and published, all costs covered by generous sponsorships Exlsdng guldetJJks are now availab for downlo)J as e-books on the new website 2024 2025 Outlook It 15 antiapated that the followlng wlll tske pla. Further work on JVM at University of My50re, whith Is extect&d to last for weral years Ongolng discusslons with Ic1 government and others for ongoing Maintenan of complete projects, induding in Ftyderabad Continued publication of regular newsletters The Deccan Fkrftage F(wndatlon has a Boand of Trustees who regularty for board etingS in London (or as convenlent) arKI are re$FSible for strategic direction and policy of the Chadty. In additi'on, Trustees are In regular dlalcgue to ensure tst the objectlves aml fundiThJ requirements of the Charlty are met. The Board currenty consists of five individuals of CoMpltsry professional and cultural bad(grounds and expertise appropriate to the njnning of the Charity. The charlty has one pakd member of staff, Ethard Smth, WI carries out the administration, working closely with the Chairman of the &)ard, Mr. Bkxh Saloz, and the other trustees as r4ulred. Recruitme ndA T stees and Pa Poli The dlrectors of the Company are also charity Trust&s for the purpose of the charity law. Members of the Company regularly conslder the mix of Trustees and thelr skills and vote of their contlnued tsnure. The Trustee5 glve thr time fredy and e1Ved no remuneration during the year under review. The organisatlon is a charitsble company limited by guarantee, incorporated on 28th March 2011 and registerÈyJ as a charlty on 18th July 2011. The company YRS estsblished under a Memorandum Assoclab'on whith establlshed the objerts atvj powers of the tharitsble company and is govemed under its Athcles of Association. In the event of the Company being Wnd up, members are r8]uired to contrlbute an amount exceedlng £5.
DECCAN HEP]TAGE FOUNDATION LIMrrED REPORT F THE TRUSTEES {Continued) R THE YEAR END MARCH 2024 Tru llsibili in relation Finanaal Sta nts (ContinLd) The tharlty trustees (who are also the dlrectors of Deccan Heritage Foundation Limitoj for the purposes of company law) are respjnsibie for preparing a Trustees, Annual Repcrt and Financial Ststements in act0rdar wlth appllcable law and United Kingdom Accounting Standards (Unit&J Kingdom Generally Accepted Accounting pract1), Compary law requi the Charlty Trustees to prepa Financlal Statement for each year which give a true fair vlew of the slate of affairs of the Charitable Company and of the incoming resources and applicatlon of recourses. Induding the Income and the Expenditure, of the charity for that Year. In preparfng the Finan Ststements, the trustees are required to: Select suttable accountiNJ Fdlcles and then appty them cons15tently; ObseNe the nEthTrJs and prlnclple In Charltles SORP; Make Judgements and estimate that are reasonable and prudent; state whether applicable UK accountlng stsndards have been followed, subject to ary material departures disdos6J and explalned in the financial ststements; Prepare the FlnarKlal Statements on the going concern bass unless Is inappropriate to presume that the tharity wlll contlnue in buslness. trustees are respx)nsible for keeping proper accountirKJ records that disdose with reasonable accuraLV at ary time the flnancial position of the charlty and to enable them to ensure that the Finan ststernents comply with the companie5 Act 2006. They are also responsible for safeguarding the assets of the charlty aThY the group and hen taklng the reasonable steps ft)r the preventlon and detectlon of fraud and other Irregularfties. trustees are reswnsibk for the Maintenan and Integrlty of the corporate and financial information Included on the tharitsble company website. Lejisktson in the unIt Kingdom governing the preparatlon dlssemlnation of financial ststennts may drffer from leglslatlon In other juri9Jictions. ment a$ to Disclosure In ent Examine In so far as the Trust*s are aware at the Ume of approving our Trustees, Annual Report: There is no relevant infomation, belng infomtstlon needed by the Indepe[ent EyAm1rr In connectlon wlth preparing thelr report; and The Trustees, havirvJ nde enquiries of fellow Trust, have each taken all steps that he15he is obliged to tske as a Trustee in order to make themselves aware of any relevant informats'on and to estsblish that the Independent Examlner is aware of that Informatlon. This report ha5 bn prepared in accordance wlth the special provlslons relatlro to Companles, subject to the small companles rejime within Part 15 of the Companies Act 2006. Approved by the Trust on the 10th December 2024 and slgned on its behalf by., Mr. Stephane Bl(xh Saloz
INDEPENDE EXAMINER'S RE RT TO THE TRUEs OF DECCAN HERAGE FOUND LIMITED I repyt on the flnanclal Stateffnts of Deccan Hertsge Foundation rnited for the Year Ended 31st March 2024 whSch are set out on Pages 7 to 12. Res ve Res nslbllltles of Trustees and Examiner The trustees (who are also directors of the company for the purposes of company kw) are reSP)rIble for the prepaRtion of the acccunts. The trustees conslder that an audit is not requir&1 for thls year under seLtlon 144(2) of the Charities Act 2011 (the 2011 Act) and Is ellglble for an independent examination. charivs gross irKome did not exceed £500,000 and l am qualified to utmlertake the examlnatlon by belrg a qual[fl member of The Institute of Chartered Accountsnts in England & Wales. Havrng satisfied myselF that the charity is not subjett to audlt under company and Ss ellgltle for Independent examlnation, it Is my respxjnsibility to.. examine the financial statements under seth¢)n 145 of the 2011 Act.. follow the procoJures laid down in the general Dlrettions given by the Charity Commission (under sectlon 145(5)(b) of the 2011 Act; aThJ stste whether partlcular matt¥5 have come to my attentlon. Examiner's Re My examination was carried out In CordanCe with the genw41 Directions given by Charty Commisslon. An examlnatlon Indudes a review of the accounting records kept by the charlty and a compartson of the accounts presented wth those rOrdS. It also includes consideration of any unusual items or disdosures in the accounts, and seeklng explanatlons from Y as trustees Conrning any such matters. The procedures undertaken do not provide all the eVIden that would be required in an audit and consequentfy no opinion is given as to whether the accounts PSent a Irue and fair vieyl and the repJt15 Ilm11 to those matters set out in the statement bek)w. Inde ndent Examiner's In conrEttlon with my examination, no matter has conE to my attenUon: (l) Which gNes me reasonable ¢Juse to bdieve tha¢ in any material re5pett, the rLyuirements.' to keep accountirrfj records in accordan wlth section 386 of the Companies Act 2006 and to prepare accounts whlch accord with the accounting rOrdS, comply with the accounting requirements of sectfon 396 of the Companies Att 2006 and wlth the methods and princlples of the Statement of Rerommended practi.. Accounting and Reporting by Charities have not met or (2) to whlth, In my opinion, attention shouNJ be drawn in order to enable a proper understandlng of the accounts to be reath 6 Fordbridge Road Ashford Middlesex TW15 2SG Michael Bettin$on FCA For and on behalf of: Cole & Co Charter8J Accountants and Reportiry Accountsnts
PA DECCAN HEFUTA UNDATION LIMrrED STATE OF FINAN IAL VrnES (Indudlng Income & Expenditure Account) Unrestricted Restslcted Totsl Funds 202 tYorkition5 and Legacies Inve5trnent Income 41,650 673 41,650 673 26,697 202 42,323 42,323 26,899 Ex nditure: Expenditure on charItsb AthiJe5 0r Expenditure 29,738 328 29,738 328 38,226 30,066 30,066 38,606 Net Incomel(Expenditure) Transfer between Funds 12,257 23,170 12,257 (11,707) (23,170) Net Movement in Funds for the Year Totsl Funds Brought FonNard 35,427 (612) (23,170) 23,170 12,257 22,558 (11,707) 34,265 34,815 34,815 22,558 The Statement of Nnancial Actlvitles Indudes all gain5 and losses recognised in the Year All Income and Expenditure is derived from contlnuing activitEs
DECCAN HEPThAGE FOUNDATION UmED MMA IN OME & EXPEN tkJnation5 and Lege$ Investrnent Income 41,650 673 26,697 202 TOT L INCO 42,323 26,899 DuRE tharitsble Activitres and r Administratlon Costs: ConseNation Expense5 Publlcalon C05ts TeleplTr)ne Pc6tages Website and Ccmputer ExFertses Legal and Professional Charge5 A(cntanCY Charges 5,473 8,113 45 17,923 1,622 31 6,864 9,036 2,750 2,858 10,249 3,0(iJ 29,738 38,226 328 380 30,066 38,606 NEf INCOME FOR THE YEAR 12,257 (11,707) All Income and ExFerKllbJre Is derived from contSnulro acbvities
N HERITAG TION LIM 2024 2023 Inve5trnent at Cost 1,231 1,231 RREiir Debto Cash at Bank and In Hand 36,584 24,077 37,815 (3,OCKJ) 25,308 (2,750) I1. Amounts falling due within One Year 34,815 22,558 THE FUN Unrestricted Funds Restrlcted Funds E CHAR io li 34,815 {612) 23,170 34,815 22,558 the Year Ended 31st March 2024 the Company was entitbj to exemptlon under section 477 of the Companles Act 2006. No Trustees have required the Company to cbtain an alklit of its accounts for the year in queskn in accordan with section 476. The Trustees acknowkdge their responslblllty for.. (l) Ensuring the Company keeps accountyng rKord5 which comply with section 386,. and (li) Preparing accounts which glve a true and fair view of the stste of affairs of the Company as at the end of its financlal year, atKJ of Its profit and loss for the financlal year In accdan vvith section 393, and whlch otherwise comply wth the requlrements of the Companies Art relating to accrtts, so far as applkable to the Company. These accounts have bn prepared In accordan with the provlslons appllrAble to companies subject to small companles, reglme. These Accounts We approved by the Board of Trustees on 10th Drnber 2024 and sIgnl on Its behalf by: Mr. Stephane C£h Saloz TRusfEE nd CHAIRMAN
PA DECCAN HERATE FOUNDATION UMThED TO THE FINAN Accountin Policles The prfndpal accounting pdicies adopted, judgements and key Sour of estintiOn uncertalnty In preparation of the financial siatements are as follows: 1.1 Basis of P ratlon The Financial Ststements have been prepared In accordance wlth Accountlng and Reportlng by Charities: StsterrEnt of Recommended Prattlce appllcable to Charities preparirKJ their accounts In accordance with the Finandal Repong Standard applicable In the UK and Republ of Ireland (FRS 102) (effedve 1st January 2015 - (Charitres SORP (FRS 102)), and the Companies Art 2006. knets and Llablllties are inltlally recconised at Historical C05t or Trar6actJcn Value unless otherwise stated in the relevant accounung p)licy note(s). 1.2 Incom Voluntsry income, such as donations grnnts a induded In Irme when they are receWed. The income from fund raising ventures Is shown gross, with the as9xiated costs iTluded in fund rai51ng events. 1.3 Ex ndlture Resources expended are included in the Ststement of Flnanclal Activities on an accrual basls, inclusive of any VAT which cannot be recovered. Expendtture which is diredy attrlbutsble to skEctflc actNlties has been included In these cost categorles. 1.4 Fund Structure The Funds held by the Charity are either". Unrestrlcted general funds - These are funds which can be used in accordan wlth the charitsble objectives at the discretion of the Trustees, Restrlcted Funds - are funds that can only be used for partFcukr re5trthJ purposes wlthln the objeds of lthe Charty. Restrictions arise when specifkgj by the donor or when funds are ralsed for partocular restrocted purp. 1.5 YAI The charty is not registered for VAT and accordirKJly expenditu induJe5 VAT where approprlate. 1.6 Taxation Deccan Herwe Foundatlon Llmlted Is a registered Charity and is exempt from Corporation Tax to the extent that its Irwme Es used for Its charltable objectfves. ation The Charity has no Xed Assets.
Elo DECCAN HERThA E FCUNDATION MED TES TO THE FINAN ATE Es Continu untin Policies (Continued) nv The Charlty holds 9,999 shares at ncxninal value of RPSIO in Deccan Heritage Foundatlon ]lIa at cost of RPS99,9l. The Charity 15 incorporated as a company limited by guarantee having no share capltsl and in accordan wlth the Memcyandum of Nssc£latton, members of the ccthpany are liable to ccntribute up to £5 in event of the company belng wound up. The Charty Is a publlc benefit entty. In mef 2024 Total 2023 Unrestrkt&l Advision Wealth Management dama Foundation Britlsh As%xlalon for Cemeteries in Uth Asla Helen Philon Anton Foklon Potamianos N.C. Wamer Mr. Abhishek Mehta Roopa Girard G. nIng Anonymous John & Fausts Eskenazi A. Cathle 5,000 5,000 200 4,285 6,345 5CMJ 5,147 120 loo 5,000 750 4,779 5,OIXJ 5,000 750 4,779 5,000 5,000 4,621 16,000 500 4,621 16,000 5C(I TAL IN NAT FROM LEGACIE 41,650 41,650 26,697 Invtstment Ino)me Investment Ir of £673 (2023: 203) arises from rrK)nles hdd in bank accounts.
DECC4N HERITA E FOUNDATION UmED TO ThE FINANCIAL TEMErS Contlnu FOR ThE H20 2024 2023 Charftable Activities: Conservatlon Expenses PUblican Costs 5,473 8,113 5,473 8,113 17,923 1,622 Other ministrative Costs: Telephone arKI Postsges Webslte and Computer Expenses Legal and Profwlonal Charges Accountsncy Fees 45 45 31 2,858 10,249 3,000 2,858 10,249 3,OC(I 6,864 9,036 2,750 29,738 29,738 38,226 Other Ex Bank Charges 328 328 Debtors Debtors
PAGE 12 DECCAN HERITAGE FOUNDATION UmE0 HE FtNAN ATEM NTS nn ED3 Unrestrittej Funds Restrlcted Fund5 36,584 24,077 36,584 24,077 Sundry Crejitors and Accrued Expenses 3,000 2,750 10. Anal $ls of Movements in Unrestricted Funds Balan as at 1st April Funds as at 31st March In General Funds (612) 42,323 (30,066) 23,170 34,815 (612) 42,323 (30,C66) 23,170 34,815 ii. 23,170 (23,170) 23,170 (23,170)