REGISTERED COMPANY NUMBER: CE026289 (England and Wales) REGISTERED CHARITY NUMBER: 1194862
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
FOR
SHANTI AID
CUTTER & CO LTD CHARTERED ACCOUNTANTS 3 Lyttleton Court Birmingham Street Halesowen West Midlands B63 3HN
SHANTI AID
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
SHANTI AID
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of 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
Objectives and aims
The Objective of Shanti Aid is to offer outreach support and education to victims of domestic violence and abuse, and women in general, to aid, guide and support their needs.
Shanti Aid wants to support the education of vulnerable women who are or are at risk of suffering from domestic violence by offering them online courses to engage and guide them towards the opportunities available. Education is an established route to personal development and improved self-esteem, and attending college or other education establishments can enhance their skills and strengthen their independence.
The courses are provided by other charitable organisations that Shanti Aid has links to and are designed to upskill women on topics including - Employability; Self-belief; Motivation; Paediatric first aid; First aid; Safeguarding; Wellbeing; Healthy eating; Food safety; Budgeting; Finances. We aim where possible to engage with local education establishments to educate young women on the signs of mental, physical, and emotional abuse and where they can get assistance.
Shanti Aid provides Outreach support via the telephone and/or face to face contact on any issues a woman chooses to raise, in many cases signposting them to the services that can best assist them. We provide ongoing support to our service users to help them access services such as social services, solicitors, child support, benefits & refuge. Shanti Aid also is a place where someone can be heard and speak in confidence, with the option to refer on to professional counsellors as required and agreed.
Significant activities
Shanti Aid continues to meet its objectives and aims by providing support and guidance to vulnerable women and their families. The Board of Trustees receives an update at each meeting over the number of service users who have been supported by Shanti Aid and are under active engagement.
Volunteers
Shanti Aid is grateful for the efforts of its volunteers who directly support service users, enable the safe, secure and effectiveness of its activities, and raise funds. New Trustees have been appointed during the year, and a strategy day was held to reflect on the progress and direction of Shanti Aid.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Since its inception in June 2021, Shanti Aid's service user group has expanded month by month. Our referrals are predominately from other charities, trusts and service providers. We work closely with these sectors and together support service users through collaboration and empathy. We are a new organisation and are developing and implementing ideas with our service users to improve the support we offer.
In order to continue to achieve the aims of the charity we provide:
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Key working sessions with our service users, as often as they require, be it face to face or by phone call.
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Chai and Chat sessions, where service users can meet each other and exchange life experiences, journey so far and their future goals.
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Links to professional expertise to support the needs of service users.
Page 1
SHANTI AID
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
FINANCIAL REVIEW
Financial position
Shanti Aid relies on donations for our day-to-day costs. We have made further successful funding applications this year and look to build on these successes. So far, we have been able to support service users and their families with food parcels, continuous support and engagement in Chai and Chat sessions. Funding from The National Lottery Community Fund has paid for office rental, equipment and staff travel expenses. Sources of additional income remain under consideration.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE026289 (England and Wales)
Registered Charity number
1194862
Registered office
21A Caroline Street Jewellery Quarter Birmingham West Midlands B3 1UE
Trustees
T Kaur-Singh J P Darling L S Newell N Kaur V Ejizu (appointed 26.7.22) S Patel (appointed 23.5.23) S Sinclair (appointed 23.5.23)
Independent Examiner
CUTTER & CO LTD CHARTERED ACCOUNTANTS 3 Lyttleton Court Birmingham Street Halesowen West Midlands B63 3HN
Approved by order of the board of trustees on 30 September 2023 and signed on its behalf by:
J P Darling - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHANTI AID
Independent examiner's report to the trustees of Shanti Aid ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Paul Cutter
CUTTER & CO LTD CHARTERED ACCOUNTANTS 3 Lyttleton Court Birmingham Street Halesowen West Midlands B63 3HN
30 September 2023
Page 3
SHANTI AID
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
| Period | |||
|---|---|---|---|
| 21.6.21 | |||
| Year Ended | to | ||
| 30.6.23 | 30.6.22 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 18,885 | 20,015 | |
| EXPENDITURE ON | |||
| Raising funds | 2,300 | - | |
| Other | 10,544 | 17,857 | |
| Total | 12,844 | 17,857 | |
| NET INCOME | 6,041 | 2,158 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 2,158 | - | |
| TOTAL FUNDS CARRIED FORWARD | 8,199 | 2,158 |
The notes form part of these financial statements
Page 4
SHANTI AID
BALANCE SHEET 30 JUNE 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 534 CURRENT ASSETS Cash at bank 12,956 CREDITORS Amounts falling due within one year 6 (5,291) NET CURRENT ASSETS 7,665 TOTAL ASSETS LESS CURRENT LIABILITIES 8,199 NET ASSETS 8,199 FUNDS 7 Unrestricted funds 8,199 TOTAL FUNDS 8,199 |
2022 Total funds £ 1,069 6,314 (5,225) 1,089 2,158 2,158 2,158 2,158 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 30 September 2023 and were signed on its behalf by:
J P Darling - Trustee
The notes form part of these financial statements
Page 5
SHANTI AID
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | ||
|---|---|---|
| 21.6.21 | ||
| Year Ended | to | |
| 30.6.23 | 30.6.22 | |
| £ | £ | |
| Depreciation - owned assets | 535 | 534 |
continued...
Page 6
SHANTI AID
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the period ended 30 June 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the period ended 30 June 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 20,015 | |
| EXPENDITURE ON | ||
| Other | 17,857 | |
| NET INCOME | 2,158 | |
| TOTAL FUNDS CARRIED FORWARD | 2,158 | |
| 5. | TANGIBLE FIXED ASSETS | |
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1 July 2022 and 30 June 2023 | 1,603 | |
| DEPRECIATION | ||
| At 1 July 2022 | 534 | |
| Charge for year | 535 | |
| At 30 June 2023 | 1,069 | |
| NET BOOK VALUE | ||
| At 30 June 2023 | 534 | |
| At 30 June 2022 | 1,069 |
continued...
Page 7
SHANTI AID
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Amounts owed to participating interests | 4,265 | 4,265 | ||
| Accrued expenses | 1,026 | 960 | ||
| 5,291 | 5,225 | |||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.7.22 | in funds | 30.6.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 2,158 | 6,041 | 8,199 | |
| TOTAL FUNDS | 2,158 | 6,041 | 8,199 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 18,885 | (12,844) | 6,041 | |
| TOTAL FUNDS | 18,885 | (12,844) | 6,041 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| in funds | 30.6.22 | |||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 2,158 | 2,158 | ||
| TOTAL FUNDS | 2,158 | 2,158 | ||
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 20,015 | (17,857) | 2,158 | |
| TOTAL FUNDS | 20,015 | (17,857) | 2,158 |
continued...
Page 8
SHANTI AID
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2023.
Page 9
SHANTI AID
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023
| FOR THE YEAR ENDED 30 JUNE 2023 | ||
|---|---|---|
| Period | ||
| 21.6.21 | ||
| Year Ended | to | |
| 30.6.23 | 30.6.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 8,955 | 10,525 |
| Grants | 9,930 | 9,490 |
| 18,885 | 20,015 | |
| Total incoming resources | 18,885 | 20,015 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Direct charitable giving | 2,300 | - |
| Support costs | ||
| Management | ||
| Wages | - | 1,746 |
| Rent, rates and water | 6,600 | 8,593 |
| Insurance | 331 | 366 |
| Postage and stationery | 76 | 181 |
| Subscriptions | 228 | - |
| Travel costs | 1,660 | 484 |
| Computer equipment | 534 | 534 |
| 9,429 | 11,904 | |
| Finance | ||
| Bank charges | 89 | 68 |
| Governance costs | ||
| Legal and professional fees | - | 4,650 |
| Accountancy fees | 1,026 | 1,235 |
| 1,026 | 5,885 | |
| Total resources expended | 12,844 | 17,857 |
| Net income | 6,041 | 2,158 |
This page does not form part of the statutory financial statements
Page 10