CCAN HERrrAGE NDATION MrrED Limi Guarnn Istration No: 075 81 hari No: 11 REPORT AND FINANCIAL srATEmE￿rS NTE PA Report of the TrLL5tees Ito4 Independent Examiner's Report Statemert of Financral Activit￿9 Summary Income and Expenditure Account Bala￿e Sheet Notes to the Flnancial Ststements 9t012 DECCAN HERITAGE FOUNDATIThN UMtrED REPORT OF THE TRusfEES FOR THE YEAR ENDED 31￿ MARCH 2025 Re rt of the Trustees En d 31st Mardb 202 Trustees are pleawj to preS￿t thelr Annual Dlrertors. Report t¢)Jether wlth Rnanclal Ststements of the Charity for the Year E￿I1￿j 31st MArch 2025 whlch are also prepared to meet the requlrements for a Directors, ReEK)rt and Accounts for Companles Act purpose. The Flnanclal Ststement comply with the Charitles kt 2011, the COmpan￿S Art 20C6, the Memorandum and Artides of Association, and Accourbting and Reporting by Charioes: Ststement of Recomme￿Ie￿ Pracb appluble to charities p￿parfng their accounts In accordan￿ with the Financlal Repo￿ng &andard appllcable In the UK Republic of trdand (FRS102) (effethve 1st January 2015)- Referen￿ and Administrati The DIrectc￿5 of the Charltsble Company (the Charity} are ￿ Trustees for the purpose of Charfty Law. The Trustees are proposed and appointed by the Board of Trust￿ at thelr meetlngs throwhout the year or otherwise at the Annual Generdl M&ting. TrusteelDirectors: Mr. Stephane BlodFSaloz Nrs. Helene Phlbn Dr. George Alexander Mlchell Mr. Foklon Potamianos Mr. Abhishek Mehta Mr. Harish Shah (appointed 17.12.2024) Vlstra Company Se(Tetaries ￿mited Registered Offi￿. Sulte 1, 7th Floor 50 Broadway LondDn SWIH OBL Unlted Kingdom Registered Numbgr. 07579815 Accountsnts: Cole & Co Chartered Accountsnts 6 Fordbridge Road Ashftjrd Mlddlesex TW15 2SG Bankers: C4F Bank Limi￿1 25 Hill Avenue Klng5 Hill West MalllThJ Kent ME19 4JQ DECCAN HERrrAGE FOUNDATION UMrrED REPORT OF ThE TRu¥fEE (Contlnuedl Constitution Deccan Heritsge Foundatron Llmlted Is a company ￿rnited by Guarant* and a RegISte￿ cfk8rity govwned by its Menorandum & A￿'deS of Association. Company Number.. 07579815. Charity Number.. 1142905. Fundln The Deccan Heritage Foundatyon Ltd. s fDHFI finan￿ remaln In healthy CO￿lI￿.0n at the 0)ndU￿On of the 2024125 fisial year. The DHFS primary sources of income have teen donatlons from private individuals, I￿LudIng the Trustees, supplemented by funding from individuals and other charttable organisation5. Re Istered Offlce The DHPS registered office address is ￿lte 1, 7th H￿r, 50 Broadway, London SWIH OBL. The Deccan Heritage Foundation's wals are to preserve, resto￿ and promote the he￿ts9e of the D￿On region of IrKlia, and in partlajlar Its plethora of monuments. Thls Is primarily achleved through thr different avenues.. Conservatlon Projects Educa￿onal Programmes Cultural Promotion (through Publication5 arKJ Events) A major part of DHF'5 mlssDn is brirrfjing the D￿Can'$ rkh herltage tri a new generauon of Indians as well as fo￿Ign Msitr)rs. As such. the DHF pl￿S an anphasls on projects wlth a social dimenslon, whkh wlll not only prove culturally enrlching but tenefit the lo￿[ population in both the present arKI futu￿. a) Conservation: The followirvJ con5eNation pmiects were orvjoing during the year: Ongoing work and discusslons wlth Interestsd parties to ensure the long-temi MaIntenan￿ and flnanclal susialnablllty of prev5ous prokcts whlch had largely been completed FfAlowing a grant from the ArrErican Ambassa(brfs FurKi and generous funding from the Harish Blna Shah Foundatlon, work started on preseNation and restoratbon of the Jayalakshmi Vilas Mansion CJVMry, a building of significant arthitethjral imp(wtsnce and foming part of the University of mys0￿. This will be a major mulb'_year project and wlll IndLkde ￿tOrati￿ of its important coll￿on of artlfacts, palntings, ￿ulptureS aThJ textiles and its transformadon Into an ethn(yJraphlc museum and a centre of excellence for trBining sbjdents in preservation, restoTrts"on and musec4c¥Jy. DECCAN HERThAGE FOUNDATION LTMrrED REPORT OF THE TRU ES (Continu&J} FOR THE Y AR ENDED MAR 2025 ve5 and Activities (Continued) b) Education: See above re educaljon and tralnlng at JVM A number of lertures by Dr George Michell in Indla and overseas annlng for a new undergrdduate-level °D￿an1 Studles. summer prcoram to COm￿n￿ latsr in 2025 c) PublicAtions'. Existing gui¢Jetx)oks a￿ now available for download as e-books on the new webste and it is planne to make them available in the Kannada language. New guidetook for Lak Kundi and Gadag temples. 2025 202 Et is anticipat￿ that the followlng wlll tske Pla￿.. Further wort( on JVM at Universlty of My50rei whith is expected to last for weral years Ongoing dlscu5sions with local govemment ar¥1 others for ongoing maIn￿anCe of completed proie(ts, including in Hyderabad Continued putlicatlon of regular newsletter5. Up to date irfomwtion on all aspttts of the Foundation's work car) be found at www.deccan-heritage-foundatlon.org The Deccan Heritsge Foundation has a Board of Trustees meet regularly for board meetings In London (￿ as convenient) and are resp)nsi￿e for strategic d1￿Ction and p￿iCY of the Charity. In athition, the Trustees are in regular dialogue to ensure that the objecbves and fundlng requ1￿ments of are met. The Board CUr￿￿Y conslsts of slx individuals of complernentsry profewonal and cultural bad(grounds and experttse aN)roprfate to the running of the Chartty. The Iharfty has one paMI member of stsff, Edward Smlth, who carries out the administration, wor￿ng dosdy wlth the Chairman of the Board, Mr. Bloch Saloz. and tl* other trustees as r8]ulred. Tru s and Pa Poll The direcior5 of the Company a￿ also charity Trustees for the purpose of the charlty law. meMb￿S of the Company regulady consider the mlx of Trustees and their skn11s and vote of t￿￿1r continwj tenure. Trustees give th￿r time freely and recaved no remunerathJn during the year under review. The organlsatlon Is a charitable company limited by guarantee, Incorp)rdta on 28th March 2011 registered as a charty on 18th July 2011. Tr company was estsblished under a Memorandum of Asscxiation vthich estslAished the obj￿$ and powers of the charitsble company and Is governed under its Artic￿ of Ass(xiation. En the event of the Company belng wound up, members are Nuired to contribjts an amount not exceedir¥J £5. NDATION UMrrED ENDED Isr 114RIII 2 (Cont(nued) The d￿rfty tru&ees (who are atSD the ¥tndliry rf the d￿rfty for that Yffir, In prep￿1￿9 the dlglo*J arKI ex¥dalned In ts tIn￿￿la1 *atements; at arry tlff* the finandal t(dtion of the tharity to enable (L) that the ffflm 5tatwn*ts compty vAth the cOrr4￿leS Art 20(& Tly a￿ akn resrx>nybk tr *uardlng the assets of the d￿rity In as the TnISt￿5 are aware at the time of apprvhng O￿T￿￿ee< Annud P4ort obliged to take as a TfW8tee in ord&- to make It￿￿1Ve5 awa￿ of any T*vant Inf￿rna￿ and to NDEPEND RTTOThE DECCAN HEFIITA N LIMITED I rekyjrt on the finandal ststements of D￿Can Heritage Foun¢Jation Limited for the Year EndFJJ 315t Marth 2025 whlch are set out on PpJJes 7 to 12. Res ve Res onslbllltles of Trustees and Examiner The trustees {who are also the dlrÉrtors of the company for the wrposes of company law) are responsible for the preparation of the a¢xounts. The trustees COn￿der that an audit is not required for this year under section 144(21 of the Charfb'es Act 2011 (the 2011 Act) and is eligible for an independent examination. The cha￿ty,5 gross income did not exceed £500,000 and l am qualified to undertake the examlnatson by belng a qualified member of The Institute of Chartered Accountants In thjland & Wale5. Having sausfied myself that the tharity is not subject to audit under ￿Pary law and is digible for independent examination, It Is my responslbllity to.. examlne the financlal statements u￿ler 5ethon 145 of the 2011 Act.. fdlow the procedures laid down in the general Direthons giv￿ ty the Charity Commisscn {under section 145(5)(b) of the 2011 Act. ond stste whether particular maiter5 have come to my attention. Basls of Inde ndent Exam ner, My examination was carried out in accordan￿ wtth the general Dir&t1￿S given by the Charlty Commlsslon. An examination indudes a review of the accounting records kept by the charity and a compari50n of the accounts presented wlth those records. It also indudes Considera￿On of any unusual items or disck)sure5 in the accounts, and ￿kiftg e￿pIan￿"0ns from you as trustee5 con￿MIng any such matters. The procedures undertaken do not provide all the eviden￿ that would be ￿QuIred In an audlt aTrJ consequenuy cplnion is given as to whether the accounts present a 'true and falr vlew, and the report is limited to those matters set out In the siatsment I￿oW. ndent Examiner's Ststement In connection with my examination, rK> matter has come to my attenljon.. (i) Whith gwes me reasonable to believe tha¢ in any material resFert, the requirements: to keep accountlng records in accordance wtth sectlon 386 of the Companles Art 2006 and to prepare accounts whlth accord with the ￿Countr.ng r￿OrdS, comply wlth the accoUn￿ng r￿Ul￿rnents of section 396 of the Companies Act 21X)6 and wtth the methcKls arKI principles of the Ststement of Recommended Praci)￿. AccounOrrfJ and Reporfjng by cha￿￿e5 have not been met or (2) to whlch, In my ¢)pinKJn, att￿tion 5￿Uld be drawn in order to ￿ble a proper understsndlng of the accounts to be reach 6 Fordbridge Road Ashford Middlesex TW15 2SG Mlchael Bettlnson For and on behalf of.. Cole & Co Chartered Accountsnts and Reporbng Accountants DECCAN HERThAGE FOUNDATION LIMrrED TEMENT OF FINANCEAL ACtivtnES (Includlng Income & Expe￿lI￿re Account) Unrestritted Restrirted Fun Totsl Funds Donation5 and Legacies Investment Income 42,685 42.685 864 41,650 673 TOTAL INCOM 43,549 43,549 42,323 Expenditure on Charitable Activities other Expenditure 48,848 908 29,738 328 908 49,756 49,756 30,066 Net IncomeI(Ex￿ndIture) Transfer between Funds (6,20n (6,207) 12,257 Net Movement In Funds for the Year Total Funds Brought Forward (6.20n 34,815 (6,207) 34,815 12,257 22,558 28,608 28,608 34,815 The Ststement of Flnanclal Actlvlties Ind￿e5 all gains and losses recognised in the Year All Income and Expendlbjre is derived from continulrtrj aclivities DECCAN HERITAGE FOUNDATION UMThED SUMMARY INCONE & PENDrruRE ACCOU E YEAR END NO 2025 INCOME DOna￿on$ and Legacies Investsment Income 42,685 41,650 673 TOTAL INCOME 43,549 42,323 EXPENDTfuRE CFwrttable Act"vities and other AdminIStra￿On Costs: Conservation Expenses p￿bliCatI(￿ Costs 17,441 5,473 8,113 45 Tele[￿one and Postages Webslte and Computer Expenses Legal and Professional Charges Accountancy Charges 115 5,584 22,708 3,000 2,858 10,249 3,000 29,738 908 328 XPENDTrv 49,756 30,066 NET INCO FOR THE (6,207) 12,257 All Income and Expendlture Is deNved from condnuing att￿ltieS T31￿MA CH 2024 1231 1.231 Cath at knk and tn HarKI 30,377 36,584 31.6L (3,Cm) 37￿15 13.(KJO) 34A io li 34,815 34,815 Com￿leS Act 2(￿. No Tntstees ha* rwilred the Comparry to obtaln an audit of its acojunts for the year In ques0￿ In aC0)rdan￿ ￿1th setttork 476. The Tru#ees th￿r rewrthilty for. (i) aco)wts 5¥hith give a In￿ fatr view of the st&e of affai￿ of the Crynpany as at trie eJKI of ts fkwKi r, arKI of its profft arnl loss the financi* Ye￿ kn aco)rdance S￿IlDn 393, aThl t￿half trrf.. PA DECCAN HER￿ATE FOUNDATION LIMrrED TO THE FINANaAL STATEMEN YEAR MARCH 2 Accountln Policies The prlndpal accounfjng policies adopted, judgements ar)d key sources of estimaoon U￿ertaInty in the preparation of the financial ststements are as follows.. 1.1 Basis of Pre ration The Finanaal Ststements have been prepared in acconIar￿e wth Accounung and Reportlng by Charfttes: Ststement of Recommended Practs'ce applicable to ChartVes prepa￿ng thelr accounts In accordarKe ￿th the finanaal Reporbng 5tsndard appllcable in the UK and Republlc of Ireland (FRS 102) (effective 1st January 2015 - (Charfttes SORP (FRS 102)), arKI the Companles Att 2006. A55ets and ￿abIlitieS are initidly recogn1$￿ at HistorKal Cost ￿ Transaction Value unless othe￿Se stated In the relevant accountiTrJ pollcy note(s). 1.2 IDGotllo Voluntsry income, s￿h as donatlons and grants are included in income when they are recdved. The Income from fund tBlslng ventures is sh)wn grr)55, vvith the as5odot￿l costs Includaj In fijnd rai&ng events. Resource5 expended are included in the Ststement of Fina￿￿￿ Actiwties on an accrual basis, indusive of any VAT whlch cannot recovered. ExpendItU￿ whSch Is d1￿CttY attrityJtabie to spL￿￿C activities has been Ind￿ed In these cost catejories. 1.4 Fund The Funds held by the tharlty are ￿ther.. Unrethcted general funds - These are fvnds which can be used in &COrdan￿ with ts charitable objecbves at the dIsCr￿On of the Trustees. Rest￿c￿l Funds - These are fund5 that can only te used for parttcular re5tr1cied wrt¥)ses thin the obptts of the tharlty. Restr(cYon5 arfse when speofi&J by the d(mr or when fund5 a￿ raised for particular ￿tricted purposes. 1.5 VAT The charity is not regi5ter&l for VAT and accordingly exp￿lture includes VAT where appropriate. Deccan Heritsge Foundation ￿Mited is a wisttred Charfty and Is exanpt from Corporatson Tax to the extent that its income is for Its charfiable objectives. 1.7 Fix The tharity has rKs fixed ksets. DECCAN HERITAGE FOUNDATI LIMrrED NOTES TO THE FINA ATEMEN Accountin Policies (continL￿d) Inv*ment at Cost The Charty holds 9,999 share5 at nomlnal value of RPSIO in Deccan Heritage Foundation India at cost of RPS99,990. The Charity is irKorporated as a company 11m1t￿l by guarantee ha￿ng rKJ Sha￿ cap'tal and in accordance with the Memorandum of Assocotlon, the memkers of the company a￿ loble to contribLrte up to £5 In the event of the company belrKJ wouThl up. The Charity is a publlc benefit entity. rom D nations and aaés 2025 2024 stephane Bloch Saloz Aldama Foundatic Britssh AssKiation for CeMete￿e5 in South Asla Helen Phllon Antonio Foknon Potsmianos Mr. Abh15hek Mehta F￿Chard 8royd TnJst Penry Ro￿"nS Anonymus John & Fau5ts E5kenazi A. Cathie Zarir Cama 8,000 5,000 410 8,150 8,000 8,000 5,000 25 8,000 5.000 410 8,150 8,000 8,000 5,000 25 5,000 750 4,779 4,621 16,000 loo 100 42,685 42,685 41,650 Inv Income Investrnent Income of £864 (2024.. 673) arises from monles held in bar¢k accounts. PAGE 11 ERITAGE F UNDATto NOTES TO T ATEMENTS Continugj R THE YEAR END on haritable 2025 2024 Total Unrestricted Charitable ALtivities'. Conservauon Expenses PublKation Qjsts 17,441 17,441 5,473 8,113 other Administrative Costs: Tdephone and Postrges Website and Computer Expenses Legal and Professional Charges Accountsncy Fees 115 115 45 5,584 22,708 3,000 2,858 10,249 3,000 22,708 3,000 TOTAL 48,848 29,738 Other Ex nditure Bank Charges 908 328 Debtors DECCAN HERITAGE FOUNDATION LIM￿ED NOTES ATEME￿s Con 2025 2024 h at Bank Unrestrfcted Funds Restric￿ Funds 30,377 36,584 30,377 36,584 Creditors Sundry CrgJitrJrs and Accru￿ Expenses 3,000 3,OCII 10. AnJl sis of Movements in Unrestricted Funds Balan￿ as at Ist April 024 Funds as at 31st Marth Thjlbjre Genernl Funds 34,815 43,549 (49,756) 28,608 34,815 43,549 {49,756) 28,608 ii. em In Rest