| Page | |||
|---|---|---|---|
| Report ofthe trustees | 1 to 6 | ||
| Report ofthe independent | auditors | 7 to 9 | |
| Consolidated statement offinancial |
activities | 10 | |
| Charity and consolidated | balance sheet | ||
| Consolidated cash flow statement |
12 | ||
| Notes to the consolidated | cash flow | statement | 13 |
| Notes to the consolidated | financial | statements | 14to 27 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||
| fund | funds | |||||
| Notes | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
31,729,451 | 6,973,640 | ||||
| Other trading activities |
||||||
| Sales ofdonated products | 2,010 | |||||
| Commercial trading operations |
22,906&462 | 21,484,029 | ||||
| Investment income |
2,293,521 | 1,321,709 | ||||
| Total | 56,929,434 | 29,781,388 | ||||
| EXPENDITURE ON | ||||||
| Costs ofraising funds |
||||||
| Consuercial trading operations |
23,898,407 | 21,222,415 | ||||
| Charitable activities |
||||||
| Grants Other |
1,226,722 ~158&93 |
601,873 155,326 |
||||
| Total | 24,966,936 | 21,979,614 | ||||
| Net posses)/gains on investments |
||||||
| Unrealised gains/(losses) |
on fixed | asset investments | 15 | (738&520) | 13,459 | |
| Realised gains/(losses) on |
investment | property | 16 | 101&365 | ||
| NKf INCOME | 31,325,343 | 7,815,233 | ||||
| NEf MOVEMENT IN FUNDS | 31@25343 | 7,815,233 | ||||
| RECONCILIATION OFFUNDS | ||||||
| Total funds brought forward |
23 | 40,561,298 | 32,746,065 | |||
| TOTAL FUNDS CARRIED FORWARD | 71,886,641 | 45.561,298 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||
| Unrestricted | Unrestricted | Unrestricted | Unrestricted | |||
| fund | fund | fund | fund | |||
| Notes | E | |||||
| FIXEDASSEIS | ||||||
| Tangible assets | 14 | 2,388,484 | 2,325,117 | 318,237 | 359,193 | |
| Investments | ||||||
| Investments | 15 | 10,797,401 | 39B,884 | 15,788,043 | 4,439,465 | |
| Investment property |
16 | 21,840,000 | 22,680,000 | 21,840,000 | 22,680,000 | |
| 35,025,885 | 25,404,001 | 37,946,280 | 27,478,658 | |||
| CURRENT ASS EIS | ||||||
| Debtors: amounts | falling due within one | 17 | 6,491,587 | 3,916,670 | 915,627 | 465,354 |
| year | ||||||
| Debtors: amounts than one year |
falling due atter more | 18 | 30,597,573 | 4,134,927 | 31,592,882 | 4,134,927 |
| Stocks | 20 | 2,859,638 | 3,001,422 | |||
| Investments | 19 | 4,245,346 | 4,245,346 | |||
| Cash at bank | 6,714,310 | 6,571,026 | 5,203,217 | 5,602,628 | ||
| 46,663,108 | 21,869,391 | 37,711,726 | 14,448,255 | |||
| CREDITORS | ||||||
| Amounts falling due within one year |
21 | (9,802,352) | (6,635,445) | (373,805) | (116,610) | |
| NEI' CURRENT ASSEIS | 36,860,756 | 15,233,946 | 37,337,921 | 14,331,645 | ||
| TOTAL ASS EI'S LIAR~ |
LESSCURRENT | 71,886,641 | 40,637,947 | 75,284,201 | 41,810,303 | |
| Provision for liabilities | 22 | (76,649) | ||||
| NEI' ASSEl'S | 71,886,641 | 40,561,298 | 75,284,201 | 41,810,303 | ||
| FUNDS | 23 | |||||
| Unrestricted funds |
71,886,641 | 40,561,298 | 75,284,201 | 41,810,303 | ||
| TOTAL FUNDS | 71,886,641 | 40,561,298 | 75,284,201 | 41,810,303 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash Boun from operating | activities | |||||
| Cash generated from operations |
4,230,046 | 2,783,352 | ||||
| Interest paid | (15,053) | |||||
| Net cash (used in)/provided | by operating | activities | 4,230,046 | 2,768,299 | ||
| Cash fleas from investing | activities | |||||
| Purchase oftangible fixed Sale ofinvestment property |
assets | (429,957) 941,365 |
(274,956) | |||
| Purchase offixed asset investments | (11,137,037) | (155,425) | ||||
| Rents and other income from investments | 1,069,220 | 1,235,579 | ||||
| Sale ofcurrent asset investments | 4,245,346 | 600,000 | ||||
| Interest received | 1,144,000 | 261,625 | ||||
| Dividends received |
80301 | 6,725 | ||||
| Net cash used in investing | activities | (4,086,762) | 1,673,548 | |||
| Change in cash and cash equivalents reporting period |
in the | 143,284 | 4,441,847 | |||
| Cash and cash equivalents reporting period |
at the beginning | ofthe | 6,571,026 | 2,129,179 | ||
| Cash and cash equivalents | at the end | ofthe | ||||
| reporting period |
6,714,310 | 6,571,026 |
| RECONCILIATION | OFN | EI' | INCOME | TO NET CASH FLOW FR | OM OPERATINGA | C~ |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Net income for the financial activities) |
reporting | period(as | per the Statement of | 31,325,343 | 7,815,233 | |
| Adjustments for: |
||||||
| Depreciation charges |
366,590 | 377,356 | ||||
| Finance costs | 15,053 | |||||
| Interest received | (1,144,000) | (261,625) | ||||
| Dividends received |
(80,301) | (6,725) | ||||
| Rent and other income from | investments | (1,069,220) | (1,235,579) | |||
| Donated asset | (28,028,214) | (4,058,211) | ||||
| Losses/(Gains) on investments |
738,520 | (13,459) | ||||
| (Gains) on sale ofinvestment | property | (101,365) | ||||
| Gain/loss on foreign |
exchange | (489,118) | ||||
| (Increase)/decrease | in stocks | 141,784 | (362,141) | |||
| Decrease/(increase) | in debtors | (375,876) | (126,056) | |||
| Increase in creditors |
2,945,903 | 639,506 | ||||
| Net cash (used in)/provided | by operations | 4,230,046 | 2,783,352 |
| At 1.1.22 | Cash flow | At31.12.22 | |
|---|---|---|---|
| Net cash | |||
| Cash at bank | 6,571,026 | 143,284 | 6,714,310 |
| 6,571)026 | 143,284 | 6,714,310 | |
| Liquid resources | |||
| Current assets investments | 4,245,346 | (4,245,346) | |
| 10,816,372 | (4,102,062) | 6,714,310 |
| 2022 | 2021 | ||
|---|---|---|---|
| Rents received | 1,030,579 | 1,030,579 | |
| Solar electricity | income | 38&641 | 29,855 |
| Other fixed asset invest -FII | 80,301 | 6,725 | |
| Deposit account | interest | 3,624 | 2,682 |
| Loan interest | 1&100&956 | 75,143 | |
| Bond interest | 39420 | 176,725 | |
| 2,293,521 | 1,321,709 |
| 7. | GRANTS PAYABLE | ||||||
|---|---|---|---|---|---|---|---|
| The total grants paid | to institutions | during | the year was as foHows | (for details please | see note 26): | ||
| 2022 | 2021 | ||||||
| 1,226,722 | 601,873 | ||||||
| 8. | SUPPORT COSTS | ||||||
| Finance | Other | Totals | |||||
| Other resources expended |
~489,118 | 289,969 | ~&99,&40 | ||||
| The breakdown ofsupport | costs is | shown | in the table below: | ||||
| Cost type | 2022 | 2021 | |||||
| Hnance | |||||||
| Foreign exchange losses | (489,118) | 26,353 | |||||
| Other | |||||||
| Rates &water Insurance Light &heat |
13,980 921 |
15,780 4,099 |
|||||
| Website costs | 504 | ||||||
| Audit and accountancy Legal and professional fees Bank charges Consultancy &management Repairs &renewals |
fees | 10,008 164,806 1,142 97,028 |
8,450 30,655 1,421 26,732 880 |
||||
| Travel &subsistence | 1,580 | ||||||
| 209,969 | 88,017 |
| 2022 | 2021 | ||
|---|---|---|---|
| Auditors remuneration -parent charity Depreciation -owned assets -parent charity |
4,500 40,956 |
2,200 40,956 |
|
| Expenditure charged in subsidiary companies: |
|||
| Depreciation -owned assets Auditors' remuneration -audit services Auditors'remuneration -non-audit services Opemting lease rentals —plant &manchinery Stock recognised as an expense during the year |
325,634 10,938 9,187 5,078 17,613,343 |
336,400 8,350 8,350 4,982 34.937499 |
|
| 30009,636 | 15,338,737 | ||
| EMPLOYEES AND DIRECTORS | |||
| 2022 | 2021 | ||
| Wages and salaries Social security costs Otherpensions costs |
3,482,901 269,215 96,113 |
3,349,674 234,295 95,536 |
|
| 3,848,229 | 3,679303 | ||
| 2022 | 2021 | ||
| Directors' remuneration |
| AVERAGENUMBER OFEMPLOYEES | ||||
|---|---|---|---|---|
| Production Warehouse Sales &adnxnistration |
2022 | 115 7 28 |
2021 | 84 6 28 |
| 150 | 330 |
| Total | ||
|---|---|---|
| funds | ||
| INCOME AND ENDOWMENTS | FROM | |
| Donations and legacies |
6,973,640 | |
| Other trading activities |
||
| Sales ofdonated products | 2,010 | |
| Commercial trading operations |
21,484,029 | |
| Investment income |
1,321,709 | |
| Total | 29,781,388 | |
| EXPENDITURE ON | ||
| Costs ofrai sing funds | ||
| Consncrcial trading operations |
21,222,415 | |
| Charitable activities |
||
| Grants | 601,873 | |
| Other | 155,326 | |
| Total | 21,979,614 | |
| Net gains on investments | 13,459 | |
| NEf INCOME | 7,815,233 | |
| RECONCILIATION OFFUNDS | ||
| Total funds brought forward | 32,746,065 | |
| TOTAL 144DS CARRIED FORWARD | 46,662.298 |
| Plant and | Fixtures | Motor | Office | ||
|---|---|---|---|---|---|
| Machinery | and Httings | Vehicles | Fstuipment | Totals | |
| COST | |||||
| At I January 2022 |
3,966,123 | 341,862 | 16,495 | 120,783 | 4,445,263 |
| Additions | 411,549 | 8,313 | 10,095 | 429,957 | |
| At 31 December 2022 | 4,377,672 | 350,175 | 16,495 | 130,878 | 4,875)220 |
| DEPRECIATION | |||||
| At I January 2022 |
1,855,565 | 169,486 | 11,602 | 83,493 | 2,120,146 |
| Charge for year | 327,193 | 27,055 | 1,223 | 11,119 | 366,590 |
| At 31December 2022 | 2,182,758 | 196,541 | 12,825 | 94,612 | 2)486,736 |
| NEI' BOOKVALUE | |||||
| At 31 December 2022 | 2,194,914 | 153,634 | 3,670 | 36,266 | 2,388,484 |
| At 31December 2021 | 2,110,558 | 172,376 | 4,893 | 37,290 | 2,325,117 |
| Plant and | |||||
| Machinery | |||||
| f | |||||
| COST | |||||
| At I January 2022 and | |||||
| 3i December 2022 | 530,395 | ||||
| DEPRECIATION | |||||
| At I January 2022 |
171,202 | ||||
| Charge for year | 40)956 | ||||
| At 31December 2022 | 212,158 | ||||
| NEI'BOOKVALUE | |||||
| At 3i December 2022 | 318,237 | ||||
| At 31December 2021 | 359,193 |
| Listed | Unlisted | ||
|---|---|---|---|
| GROUP | investments | investments | Totals |
| f | |||
| MARKEf VALUE | |||
| At 1 January 2022 |
398,884 | 398,884 | |
| Additions Revaluations |
11,137,037 ~738520& |
11,137,037 ~730 020& |
|
| At 31December 2022 | 10,797,401 | 10,797,401 | |
| NEI' BOOKVALUE | |||
| At 31December 2022 | 10,797,401 | 10,797,401 | |
| At 31December 2021 | 398,884 | 398,884 | |
| Listed | Unlisted | ||
| investments | investments | Totals | |
| MARKEf VALUE | |||
| At 1 January 2022 |
398,884 | 4,040,581 | 4&439,465 |
| Additions | 1,137,039 | 10,136,000 | 11,273,039 |
| Revaluations | 75,539 | 70039 | |
| At 31 December 2022 | 1611,~62 | 14 176,581 | 15788 043 |
| NEI' BOOKVALUE | |||
| At 31 December 2022 | 1,611,462 | 14,176,581 | 15,788,043 |
| At 31 December 2021 | 398,884 | 4,040,581 | 4,439,465 |
| STOCKS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Group | Charity | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| 8 | ||||||||
| Raw materials | 2,577,482 | 2,302,783 | ||||||
| Finished goods | 282,156 | 698,639 | ||||||
| 2,859,638 | 3,001,422 | |||||||
| CREDITORS | ||||||||
| Group | Charity | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| g | ||||||||
| Trade creditors | 3600517 | 465,741 | ||||||
| Social security | and | other taxes | 59,207 | 55,872 | ||||
| VAT Other creditors Accrued expenses |
1,070,477 8,180,809 131342 |
665,722 5,312,367 135,743 |
348,747 16,500 8,558 |
91,660 16,500 8,450 |
||||
| 9,802,352 | 6,635,445 | 373,805 | 116,610 | |||||
| PROVISIONS | FOR LIABILITIFS | |||||||
| Group | Charity | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||
| 6 | ||||||||
| Deferred taxation | 76,649 | |||||||
| Group | ||||||||
| Deferred tax | ||||||||
| Balance at I January | 2022 | 76,649 | ||||||
| Credit to trading | subsidiary's | statement of | ||||||
| comprehensive | income | (76,649) | ||||||
| Balance at 31December 2022 |
| Net movement | ||||
|---|---|---|---|---|
| At 1.1.22 | in funds | At 31.12.22 | ||
| Unrestricted | funds | |||
| General fund | 40,547&839 | 32,063,863 | 72,611,702 | |
| Revaluation | Reserve | 13,459 | (738&520) | (725&061) |
| TOTAL FUNDS | 40,561,298 | 31,325,343 | 71,886,641 |
| Net movemen | t in funds, inc |
luded in th |
e above are as | follows: | ||
|---|---|---|---|---|---|---|
| Other | ||||||
| Incoming | Resources | recognised | Movement | |||
| resources | expended | gains/(losses) | in funds | |||
| Unrestricted | funds | |||||
| General fund | 56,929,434 | (24,966,936) | 31,962,498 | |||
| Revaluation | Reserve | (637,155) | (637,155) | |||
| TOTAL FUNDS | 56,929,434 | ~(24,966,936 | ~(637,&55 | 31325343 | ||
| Comparatives | for movement | in funds | ||||
| Net movement | ||||||
| At 1.1.21 | in funds | At 31.12.22 | ||||
| Unrestricted | funds | |||||
| General fund | 32,746,065 | 7,801,774 | 40,547,839 | |||
| Revaluation | Reserve | 13&459 | 13,459 | |||
| TOTAL FUNDS | 32,746,065 | 7,815,233 | 40,561,298 |
| Net movemen | t in funds, includ |
ed in the above are as |
follows: | ||
|---|---|---|---|---|---|
| Other | |||||
| Incoming | Resources | recognised | Movement | ||
| resources | expended | gains/(losses) | in funds | ||
| Unrestricted | funds | ||||
| General fund Revaluation |
Reserve | 2(t&781&388 | (21,979,614) | 13,459 | 7,801,774 13&459 |
| TOTAL FUNDS | 29,781,388 | ~3&,979,6(4 | 13,459 | 7,815,233 |
| Group | Charity | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |||||
| f | f | |||||||
| The following | amounts | are included | in the | consolidated statement offinancial activities: |
||||
| Entities with | trustees/directors | in | common | |||||
| Income investment properties |
800&000 | 800,000 | 1,005,000 | 1,005,000 | ||||
| Solar electricity | 38,641 | 29,855 | 38,641 | 29,855 | ||||
| Sales ofdonated products | 387 | 698 | 18,873 | 5,064 | ||||
| Interest | 1,100,953 | 75, i43 | 1,140,259 | 82,218 | ||||
| Donations | 2,860,000 | 2,901,813 | 2,860,000 | 2,901,813 | ||||
| Donation ofasset | 28,028,214 | 4,134,927 | 28,028 214 | 4334927 | ||||
| (32,828,195) | (7,942,436) | (33,090,987) | (8,158,877) | |||||
| Eatities with | key management | in common | ||||||
| Donations | 840,000 | 840,000 | ||||||
| (840,000) | (840,000) | |||||||
| The following | amounts | are included | in the consolidated and charity balance sheet: |
|||||
| Entities with |
trustees/directors | in | common | |||||
| Loans owed to related | parties | 8,196,045 | 5,295,867 | |||||
| Loans owed by related | parties | 30,597,572 | 4,134,927 | 31,592,881 | 4,134,927 | |||
| Rent owed by related parties | 560,000 | 80,000 | 560,000 | 80,000 | ||||
| Sales | 314&574 | 383,166 | ||||||
| Purchas es | 26,027 | 20,313 | ||||||
| Trade balance | owed by related | parties | 54600 | 26,636 | ||||
| 39,748,818 | 9,940,909 |
| Institution | ||||
|---|---|---|---|---|
| Synchronicity Earth |
100,000 | |||
| Iswar Sankelp a | 78,328 | |||
| Anjali | 62,314 | |||
| Aajeevika Bureau Trust | 62,130 | |||
| Sound and Picture Archives | for Research on Women | 57,897 | ||
| Kolkata Sanved | 46,373 | |||
| Jeevika Development Society |
45,121 | |||
| reFrame Institute ofArts and | Expression Private Ltd |
44,508 | ||
| Thoughtshop Foundation |
42,818 | |||
| Kislay | 39,142 | |||
| Sappho for Equality | 38,369 | |||
| Tatshi | 37,464 | |||
| Tribal Health Initiative | 35,764 | |||
| Vishaka Mahila Shiksha Avam Shoodh Samiti | 34,960 | |||
| Kotra Adivasi Sansthan | 32,177 | |||
| Rough Edges Arts and Media Private | Limited | 31,860 | ||
| Gramin Avam Samajik Vikas Sanstha |
30,783 | |||
| Peoples Training and Research Centre |
28,423 | |||
| Zubaan Publishers |
27,669 | |||
| Vatsalya Societies | 26,648 | |||
| YAKSHI | 25,846 | |||
| Sampada Grameen Mahila Sanstha |
25,445 | |||
| Mitra Technology Foundation |
25,284 | |||
| ipartner India | 25,235 | |||
| Charkha | 24,064 | |||
| Autism Society West Bengal | 21,539 | |||
| Sama-Resource Group for Women and Health |
16,950 | |||
| Jan Daksha Trust | 16,701 | |||
| BalUmang Drishya Sans tha | 16,655 | |||
| Foundation for Social Trans formation |
15,750 | |||
| Sanatan Unnayan Sangstha Social Action for Knowledge |
Building | and Awareness | Raising | 15,750 13,194 |
| Other international grantees |
81,563 |