Charity registration number 1178186
DIGNITY ALLIANCE INTERNATIONAL
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
DIGNITY ALLIANCE INTERNATIONAL
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Coen Kompier | |
|---|---|---|
| Julian Parr | ||
| Katherine Williams | ||
| Sambhawana Tiwari-Aiyar | ||
| H Mundol | (Appointed 23 June 2022) | |
| Charity number | 1178186 | |
| Principal address | 23-24 Great James Street | |
| London | ||
| WC1N 3ES | ||
| Auditor | F J Wilde FCCA MBA DChA | |
| Warner Wilde | ||
| 4 Marigold Drive | ||
| Bisley | ||
| Surrey | ||
| GU24 9SF | ||
| Bankers | Barclays Bank Plc | |
| Leicester | ||
| Leicestershire | ||
| LE87 2BB |
DIGNITY ALLIANCE INTERNATIONAL
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Statement of trustees' responsibilities | 5 |
| Independent auditor's report | 6 - 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Statement of cash flows | 12 |
| Notes to the financial statements | 13 - 20 |
DIGNITY ALLIANCE INTERNATIONAL
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 (FRS 102)" (effective 1 January 2019).
Objectives and activities
The charity's objects are
- To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For the purpose of this clause 'socially excluded' means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Main activities
-
Provision of financial support to charities and not for profit organisations whose objectives are to eliminate such discrimination and promote human development. Dignity Alliance International (DAI) will provide funding support to grass-root level civil society organizations and community based groups for strengthening their work on Safe migration, Prevention of Violence against Women and Children and Building Resilience of Grassroots Organizations. DAI will carry out evidence-based research and studies on human rights violation, efforts and funding landscape . DAI will develop networking and collaboration with individuals, organizations and donors at international level for strengthening the efforts to secure human rights in India and South Asia region.
-
Empowering women and girls from most excluded communities to access their rights and promote organisations enabling such empowerment. DAI selects non profit organizations from socially excluded communities and provides them support to expand their work
-
a. Promote access to justice and eradicate gender-based violence and forced labour practices. a. The promotion of effective and pro-poor legal aid initiatives.
-
Campaigns to engage men and boys at community level through multimedia, street plays, debate and discussions, awareness camps, development and distribution of awareness materials for prevention of violence.
There is a comprehensive policy on grant making and the steps/ procedures required to ensure due diligence is taken.
All DAI income currently comes from grants. There is no opportunity for unrestricted funds to be invested in a portfolio of assets.
The trustees provide their time, support and advice on a voluntary basis.
- 1 -
DIGNITY ALLIANCE INTERNATIONAL
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Achievements and performance
Board meetings: DAI held four Board meetings during the last one year to review the progress, grants, annual program and finance reports, preparation of annual action plans and budgets, etc.
Website and material development: DAI developed and revamped its website this year with relevant information on its vision, and adding profiles of Trustees, along with recruitment being a part of the page inviting relevant applications.
Grant-making for CSOs: DAI made a grant to a total of 11 Community- based organization from India. With this support, CBOs have conducted various activities including capacity building, Migrant resilience Collaborative (MRC), Prevention of Violence against Women and Children and organization development in lines with their annual goals.
Grants for MRC in India:
Due to the pandemic, DAI identified partners in India who can provide relief to the migrant population affected due to COVID-19. This relief included provision of linking the migrants with Social entitlement schemes, and identifying the need for supportive care. During this year, we have continued to provide support to such organization which was started during the pandemic. Following organizations were identified and funded for MRC Programme during the year:
-
Jan Sahas Foundation
-
Yuva Vikas Mandal
-
Grameen Swavlambam Samiti
-
Jan Sahas Social Empowerment Society
-
Gram Vikas Yuva Trust
-
Institute for Development of Youth, Women and Child
-
Nirman
-
Nari-o-sishu Kalyan kendra
-
Samaan Society
-
Mahila Mukti Sansthan
-
Jan Sahas Social Development Society
-
2 -
DIGNITY ALLIANCE INTERNATIONAL
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Financial review
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The charity received grants of £1,192,851 (after adjusting for deferred income). Expenditure for the year was £1,842,924, which included grants of £1,794,545. The overall result for the year was £615,954 deficit. At the balance sheet date, total reserves (all restricted) were £76,020.
It should be noted that we have spent funds for the Oak project; however, we have not received the funds as at the date of the financial statements resulting in a deficit in this fund. As the charity has funds from other donors with overlapping objectives, we consider it acceptable for the temporary deficit to be covered by the funds from other donors. This is in lieu of the expected funding as per the grant agreement with the Oak Foundation being received, which will clear the current shortfall.
The charity's principal sources of funds are from Corporates and Foundations having offices in the UK.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a Foundation Charitable Incorporated Organisation
The trustees who served during the year and up to the date of signature of the financial statements were: Coen Kompier
Julian Parr Katherine Williams Sambhawana Tiwari-Aiyar H Mundol (Appointed 23 June 2022)
Suitable profiles are solicited and are invited for a discussion by the existing Trustees, and are invited to join the Board once found satisfactory and that the existing Trustees have a collective agreement on the onboarding decision.
Onboarding process: DAI is putting in place an on-boarding plan for the incoming Trustees, that outlines the organization’s vision and its objectives.
Length of Appointment: Every Trustee will be appointed for a term of three years. After this time, they may remain in post for a further three years, with a maximum term of nine years, after which they must stand down. The role of Chair is subject to the same term of office.
Commitment from the Trustees: On joining the Board of DAI, all trustees make a commitment to the Charitable Incorporated Organisation objectives and to the DAI Strategy. Trustees will demonstrate and possess:
-
Informed, in-depth understanding of what is required if charitable grants are to have effective impact
-
Interpersonal skills, integrity and calibre to inspire confidence among different stakeholders including partners, funders, the Trustees, and staff of DAI
-
An informed understanding of social change through collective, grass roots and survivor-led movements.
-
3 -
DIGNITY ALLIANCE INTERNATIONAL
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
Attendance at Board meetings: Trustees are expected to attend three Board meetings a year. Attendance in person is required to attend at least two meetings in any year with the third being linked remotely.
-
Trustees are to ensure they are fully prepared by reading the papers provided.
-
From time to time, Trustees are required to participate in specific aspects of DAI’s activities through membership of one or more strategic sub-groups or committees, e.g. Financial Strategy, Grants Panels, Communications or a specific project committee.
-
Trustees should not be absent from two consecutive Board meetings, except in exceptional circumstances
Auditor
In accordance with the company's articles, a resolution proposing that F J Wilde FCCA MBA DChA be reappointed as auditor of the company will be put at a General Meeting.
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
The trustees' report was approved by the Board of Trustees.
.............................. Sambhawana Tiwari-Aiyar Trustee
Date: 26 January 2024
- 4 -
DIGNITY ALLIANCE INTERNATIONAL
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that year.
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 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 sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 5 -
DIGNITY ALLIANCE INTERNATIONAL
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF DIGNITY ALLIANCE INTERNATIONAL
Opinion
We have audited the financial statements of Dignity Alliance International (the ‘charity’) for the year ended 31 March 2023 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of 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 charity’s affairs as at 31 March 2023 and of its incoming resources and application of resources, 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 Charities Act 2011.
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's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity’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 trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
- 6 -
DIGNITY ALLIANCE INTERNATIONAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIGNITY ALLIANCE INTERNATIONAL
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
-
the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees' responsibilities, the trustees 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 charity’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 cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
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.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
- 7 -
DIGNITY ALLIANCE INTERNATIONAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIGNITY ALLIANCE INTERNATIONAL
We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
-
considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
-
testing controls with walk through procedures and substantive transaction testing;
-
To address the risk of fraud through management bias and override of controls, we:
-
performed analytical procedures to identify any unusual or unexpected relationships;
-
tested journal entries to identify unusual transactions;
-
assessed whether judgements and assumptions made in determining any accounting estimates were indicative of potential bias;
-
investigated the rationale behind significant or unusual transactions; and
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation;
-
reading the minutes of meetings of those charged with governance;
-
enquiring of management as to actual and potential litigation and claims;
-
reviewing correspondence with HMRC and relevant regulators such as the Charity Commission
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
Your attention is drawn to the fact that the charity has prepared financial statements 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 (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
This report is made solely to the company’s members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
- 8 -
DIGNITY ALLIANCE INTERNATIONAL
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DIGNITY ALLIANCE INTERNATIONAL
F J Wilde FCCA MBA DChA Senior Statutory Auditor
26 January 2024
For and on behalf of Warner Wilde, Chartered Certified Accountants Statutory Auditor Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF
F J Wilde FCCA MBA DChA is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
- 9 -
DIGNITY ALLIANCE INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 3 3,000 1,189,851 Expenditure on: Charitable activities 4 3,000 1,839,924 Net income/(expenditure) for the year/ Net incoming/(outgoing) resources - (650,073) Other recognised gains and losses Other gains or losses 8 - 34,119 Net movement in funds - (615,954) Fund balances at 1 April 2022 - 691,974 Fund balances at 31 March 2023 - 76,020 |
Total Restricted funds 2023 2022 £ £ 1,192,851 1,517,819 1,842,924 898,651 (650,073) 619,168 34,119 14,881 (615,954) 634,049 691,974 57,925 76,020 691,974 |
Total Restricted funds 2023 2022 £ £ 1,192,851 1,517,819 1,842,924 898,651 (650,073) 619,168 34,119 14,881 (615,954) 634,049 691,974 57,925 76,020 691,974 |
|---|---|---|
| 898,651 | ||
| 619,168 14,881 |
||
| 634,049 57,925 |
||
| 691,974 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 10 -
DIGNITY ALLIANCE INTERNATIONAL
BALANCE SHEET
AS AT 31 MARCH 2023
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Creditors: amounts falling due after more than one year 10 Net assets Income funds Restricted funds 12 Unrestricted funds |
2023 £ £ 366,622 (290,602) 76,020 - 76,020 76,020 - 76,020 |
2022 £ £ 1,210,730 (477,108) 733,622 (41,648) 691,974 691,974 - 691,974 |
|---|---|---|
26.01.2024 The financial statements were approved by the Trustees on .........................
..............................
Sambhawana Tiwari-Aiyar Trustee
- 11 -
DIGNITY ALLIANCE INTERNATIONAL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Cash flows from operating activities | |||||||
| Cash (absorbed by)/generated from | 15 | ||||||
| operations | (844,108) | 768,033 | |||||
| Net cash used in investing activities | - | - | |||||
| Net cash used in financing activities | - | - | |||||
| Net (decrease)/increase in cash and cash | |||||||
| equivalents | (844,108) | 768,033 | |||||
| Cash and cash equivalents at beginning of year | 1,210,730 | 442,697 | |||||
| Cash and cash equivalents at end of year | 366,622 | 1,210,730 |
- 12 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Charity information
Dignity Alliance International is a Charitable Incorporated Organisation, registered 1 May 2018.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 13 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
- 14 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted Restricted funds funds 2023 2023 £ £ Grants Receivable 3,000 1,473,453 Less: deferred income - (283,602) 3,000 1,189,851 Grants receivable for core activities Main grant - Open Society Foundation - 816,946 Laudes Foundation - 374,322 Oak Foundation - 48,263 Other 3,000 233,922 3,000 1,473,453 |
Total 2023 £ 1,476,453 (283,602) 1,192,851 816,946 374,322 48,263 236,922 1,476,453 |
Restricted funds 2022 £ 1,872,710 (354,891) 1,517,819 901,875 681,256 289,579 - 1,872,710 |
|---|---|---|
- 15 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
4 Charitable activities
| Consultants costs Co-ordinator Bank charges Grant funding of activities (see note 5) Share of governance costs (see note 6) Analysis by fund Unrestricted funds Restricted funds |
2023 £ 39,893 - 704 40,597 1,794,545 7,782 1,842,924 3,000 1,839,924 1,842,924 |
2022 £ - 803 517 |
|---|---|---|
| 1,320 890,223 7,108 |
||
| 898,651 | ||
| - 898,651 |
||
| 898,651 |
5 Grants payable
| Grants to institutions: Jan Sahas Foundation Yuva Vikas Mandal Grameen Swavlambam Samiti Jan Sahas Social Empowerment Society Gram Vikas Yuva Trust Institute for Development of Youth, Women and Child Nirman Nari-o-sishu Kalyan kendra Samaan Society Renew Bhutan - Renew Bhutan Womens Development Centre WHR Asia Foundation - Nepal MMS Nagorik Uddyog |
2023 £ 1,215,831 96,380 35,653 193,332 39,860 35,679 63,665 62,119 28,958 - - - 23,068 - 1,794,545 |
2022 £ 365,219 81,137 54,423 198,205 40,157 20,055 21,962 40,153 2,465 10,731 10,800 10,731 23,265 10,920 |
|---|---|---|
| 890,223 |
- 16 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
6 Support costs
| Support costs | |||
|---|---|---|---|
| Auditor's fees Trustees meeting and other expenses Analysed between Charitable activities |
Support costs Governance costs £ £ - 7,638 - 144 - 7,782 - 7,782 |
2023Support costs Governance costs £ £ £ 7,638 - 7,000 144 - 108 7,782 - 7,108 7,782 - 7,108 |
2022 £ 7,000 108 |
| 7,108 | |||
| 7,108 |
Governance costs includes payments to the auditor of £7,000 (2022- £6,600) for audit fees.
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Other gains or losses
| 8 | Other gains or losses | |||
|---|---|---|---|---|
| Restricted | Restricted | |||
| funds | funds | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Foreign exchange gains | (34,119) | (14,881) | ||
| 9 | Creditors: amounts falling due within one year | |||
| 2023 | 2022 | |||
| Notes | £ | £ | ||
| Deferred income | 11 | 283,602 | 313,243 | |
| Accruals | 7,000 | 163,865 | ||
| 290,602 | 477,108 | |||
| 10 | Creditors: amounts falling due after more than one year | |||
| 2023 | 2022 | |||
| Notes | £ | £ | ||
| Deferred income | 11 | - | 41,648 |
- 17 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
| 11 | Deferred income | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Other deferred income | 283,602 | 354,891 | |
| Deferred income is included in the financial statements as follows: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Deferred income is included within: | |||
| Current liabilities | 283,602 | 313,243 | |
| Non-current liabilities | - | 41,648 | |
| 283,602 | 354,891 | ||
| Movements in the year: | |||
| Deferred income at 1 April 2022 | 354,891 | 454,635 | |
| Released from previous periods | (354,891) | (454,635) | |
| Resources deferred in the year | 283,602 | 354,891 | |
| Deferred income at 31 March 2023 | 283,602 | 354,891 |
Deferred Income relates to grant income and is deferred to the extent that it relates to future periods.
- 18 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
12 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 1 April 2021 £ Main grant - Open Society Foundation 57,925 Laudes Foundation - Oak Foundation - God My Silent Partner - Porticus - 57,925 |
Movement in funds Incoming resources Resources expended Foreign Exchange gains and losses Balance at 1 April 2022 £ £ £ £ 595,246 (227,996) 6,365 391,794 554,342 (502,006) 5,930 52,335 241,316 (41,734) 2,586 247,845 - - - - - - - - 1,390,904 (771,736) 14,881 691,974 |
Movement in funds Incoming resources Resources expended Foreign Exchange gains and losses 31 £ £ £ 543,344 (823,024) 15,580 374,322 (404,685) 10,734 48,263 (612,215) 1,384 50,000 - 1,434 173,922 - 4,987 1,189,851 (1,839,924) 34,119 |
Balance at March 2023 £ 127,694 32,706 (314,723) 51,434 178,909 76,020 |
|---|---|---|---|
- Main grant Open Society Foundation
To empower civil society to strengthen the human rights movement, particularly with respect to marginalised and socially excluded communities, in South Asia.
Laudes Foundation
Funding for the Migrant Resilience Collaborative project.
Oak Foundation
Funding for the Migrant Resilience Collaborative project.
- 19 -
DIGNITY ALLIANCE INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023
13 Analysis of net assets between funds
| Unrestricted funds Restricted funds 2023 2023 £ £ Fund balances at 31 March 2023 are represented by: Current assets/(liabilities) 76,020 - 76,020 - |
Total Restricted funds 2023 2022 £ £ 76,020 691,974 76,020 691,974 |
|---|---|
14 Related party transactions
There were no disclosable related party transactions during the year (2022 - none), other than detailed in note 7.
15 Cash generated from operations
| Cash generated from operations 2023 £ (Deficit)/surpus for the year (650,073) Adjustments for: Foreign exchange differences 34,119 Movements in working capital: (Increase)/decrease in debtors - (Decrease)/increase in creditors (156,865) (Decrease) in deferred income (71,289) Cash (absorbed by)/generated from operations (844,108) |
2022 £ 619,168 14,881 78,232 155,496 (99,744) 768,033 |
|---|---|
16 Analysis of changes in net funds
The charity had no debt during the year.
- 20 -