REGISTERED COMPANY NUMBER: CE026289 (Ertgl#Jbd #nd Wale5) REGISTEREDCHARITY NUMBER: 1194862 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED30TH JUNE 2024 FOR SHANTI AID CUTTER & CO LTD CHARTERED ACCOUNTANTS 3 Lyttleton Coun Birminghafft Street Halesowen West Midland5 B63 3HN
SHANTI AID CONTENTS OFTHE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 3wfH JUNE 2024 Pag¢ Report of the Trustees Independent Exgminer's Report ststemtni of Finantiil Aetivities BAlance Sheet No¢¢s to the Finatt¢ial Statements Detailed Staternet of Finantial Actlvities 10
SHANTI AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED 3wfH JUNE 2024 The irustees who are also direeiors of the ¢harity for the purposes of the Companies A¢t 2006, present thelr report with the financial statemenis of the charity for the year ended 30ih June 2024. The trustees have adopted the provisions of Accounting and Reporttng by Chariiies". Statement of Recommended Practice applicable to charities preparing their accoltnts in accordance with the Financial Rewrting Siandard applicable in the UK Republic of Ireland IFRS 1021 leffeciive l January 20191. OBJErfivES AND ACTIVITIES Objecttve5 and aim$ The Objective of Shanti Aid is ¢0 offeT Outreach support and education to vi¢¢ims of domesiic violence and abuse. and women in gen¢Tal. to ard, guide and supwrt their needs. Shanti Aid wants to support the education of vulnerable women who are or are at risk of suffering from dom¢stLC violence by offering Ihem tsnline courses to engage and guide them ¢owards the opportunities available. Education is an established route to personal development and improved 5¢1f-e5teem, and attendin8 college or other education establishments Can enhance their skills and Strengthen their indep¢ndence. The courses are provided by otheT charitable organisations ihai Shanti Aid has links to and are designed to upskill women on topics including - Employabiliiy,. Seif-belief; Motivation: Paediatric firsi aid,. Firsi aid," Safeguarding. Wellbeing. Healthy eating: Food safety: Budgeting,. Finances. We aim where tK>ssible to engage with local education establishm¢nt5 to educate young women on the sign5 of mental. physical. and emoiional abuse and where they get assistance. Shanii Aid provide5 Outreach support via the i¢l¢phone andlor face lo face Contact on any issues a woman ¢h(x)ses to rdise. in many cases signposting them to the services that can besi assist them. We provide ongoing support to our service useTS to help them access servi¢¢s such as social seTvices. solicitors. child support, benefits & refuge. Shanti Aid also is a place where ststneon¢ can be heard and speak in confjdence, with the option to refer on to professional ¢ounsellor5 a5 required and agreed. Significant attiviti¢$ Shanti Aid continues to meet its obj¢ciives and aims by providing 5UPPOrt and guidon¢e 10 vulnerable women and their families. The Board of Trustees receives an update ai ¢a¢h m¢eiing over the number of service users who hav¢ been supwrted by Shanti Aid and are und¢r a¢tive engagement. Volunteers Shanti Aid 15 grateful for the efforts of its volunieers who directly support service us¢rs. enable the safe, secure and effectiveness of lis activities, and raise funds. The Board of Trustees ts Well-estsbli5h and committed to supporting the airns of the charity, and lo further this held a stTal¢gy day lo reflect on the progress and dJre¢tion of Shanti Aid. Studenis from the University of Birrnin8ham's Law Schi)ol volunteered to produce a ran8e of support guides for servic¢ users. coverin8 their rights, legal stru¢tures and Contact points. ACHIEVEMENT AND PERFORMANCE Charitsble activities Since its Ènception in June 2021. Shanti Aid's se1¢C user group has expanded month by month. Our referrals are predominately fJx)m other charities. Iru515 and service providers. We work closely with ih¢5e Secto and together support service LIr$ through collaboration and empathy. We are a new organisatign and are developing and implementing id¢as with our service useTS to improve the support we offer. n order to continu¢ ¢0 hle¥C the aims of the charity we provide.. l. Key working sessions with ollr service USeT5, as often as they Tequire, be it fa¢e io fa¢e or by phone call. 2. Chai and Chat ses5iorks. where Service users cat) m¢¢1 each other and exchange life experiences, journey so far and their tUre goals. 3. Links to professional expert15e to support the needs of service useTS. Page I
SHANTI AID REPORT OF THE TRUSTEES FOR THE YEAR ENDED30TH JUNE 2024 FINANCIAL REVIEW Financial p051tion Shanii Aid Telies on donations for our day-to.day Costs. A notable suc¢e5s in the year was the award of £39k in funding from the National Lortery Community Fund to Shanti Aid's Keep Going Keep Growtng project. This was the largest grant won by the charity in its history. The funding supported the provision of food parce15, training for service users and improved IT equipment and ser¥iees. This has been in addition io the exisiittg sllppoft 10 seThice users and their families and engageTnent in Chai and Chat 5¢5510n5. Further funding froTn The National Lottery Cornrnunity Fund has paid for offi¢e rental, equipment and staff irav¢l ¢xp¢nses. Sources of addilional income remain under wnsid¢rdtion. STRUCTURE, GOVERNAf4CE AND MAf4AGEMENT Governlng document The charity is controlled by its governing documeThL 8 deed of irusr. and constitut¢s a llmited co]npany. limited by guarantee, as defified by ihe Companies Act 2006. REFERENCE AND ADMINISTtL4TIVE DETAIIS Registered Comp%ny number CE026289 (England attd Wales) Regi$t¢red Charity number 1194862 Registered office 21A Caroline Street Jewellery Quarter Birniingham West Midlands B3 IUE Trustees Mrs T Kaur-Sin8h J P Darling Mrs L S Newell Iresi8ned 30.9.241 Mrs N Kaur Iresigned 30.9.24) Mrs V Ejizu Mrs S Patel Mrs S Sinclair Independent Examiner CUTTER& CO LTD CHARTERED ACCOUNTANTS 3 Lyttlelon Court Bimitngham Street Halesowen West Midlands B63 3HN Approved by order of the board of tru5te¢5 on 3(hh November 2024 and Signed its behalf by.. J P Darling- Trustee Page 2
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEESOF SHANTI AID Independent exAminer'$ report to the trustees of Shgnti A5d I'the Comwny'} I report io the chaTity trustees on my examination of the accounts of ihe Company for the year ended 30th June 2024. RespoN5ibilitie5 and basis of report As lh¢ ch8rity's trustees of the Company {and also its directors for the purposes of company law) you are resw)nsible for ihe prepardtion of the a¢¢ount5 in accordance with lh¢ requirement5 of the Companies Act 20061.ihe 2006 Act,). Having satisfied myself that the accounts of the Compony ar¢ not required lo be audiied under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my exaTnination of your charity's accounts as ¢arried out llndei Section 145 of th¢ Charlties Act 2011 {'the 201 l Acl'l. In carrying my examination I have followed the Directioris given by th¢ Charity Cosnrni55ion under Seciion 145151 Ibl of the 201 l Act. Independent examlner's $tAttmtnt I have Completed my examination. I wnfirm that no matters have come to my attention in c4)nnection with the examinaiion giving me cause to b¢lieve'. accounting records were not kept in respe¢1 of the Co]npany as required by Section 386 of the 2006 Aet: or the accounts do not a¢¢ord with those records- or the accounts do not comply with the a¢¢ounting requirements of S¢¢tion 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 the a¢¢ounts have not been prepared in a¢¢ordart¢e with the methods and prtn¢iples of the Statement of Recomrnended Practice for accounting and retK)rting by ¢harities lapplicable to charities preparing their a¢¢ounts in aceordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland {FRS 102)). I have no concems and have come acros5 no other matters in connection with the examination io whtch attention should be drawn in this rew>rt in order to ¢nable a proper understanding of the accounis io be reached. Michael Toone CUThER & CO LTD CHARTERED ACCOUNTANTS 3 Lyttleiotj Coun Bimiingham Street Halesowe West Midlands B63 3HN 30th November 2024 Pag¢ 3
SHANTI AID STATEMENTOF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 30TH JUNE 2024 2024 Unrestricied fund 2023 Total funds Not¢s INCOME AND ENDOWMENTS FROM Donations and leg8¢ies 49.298 18.885 EXPENDITURE ON Raisin8 funds 4,831 2,300 Oiher 50.879 10.544 Total 55.710 12,844 NET INCOMEIIEXPENDITURE) 16.412) 6,041 RECONCILIATJON OF FUNDS Total funds brought forward 8,199 2,158 TOTAL FUNDS CARRIED FORWARD 1,787 8,199 The notes forn part of these financial statement5 Page 4
SHANTI AID BALANCE SHEET 30TH JIINE 2024 2024 Unrestricted fund 2023 Total funds Notes FJXED ASSETS Tangible assets 2.165 534 CuRRETr ASSETS Cash at bank 2.506 12.956 CREDITORS Amounts falling due within one year 12,8841 15.2911 NET CURRENT ASSETS 13781 7,665 TOTAL ASSETS LESS CURRENT LIABILITIES 1,787 8,199 NET ASSETS 1,787 8,199 FUNDS Unrestricted funds 1.787 8.199 TOTAL Fuf4DS 1,787 8,199 The charitable company is entitled to exemption from audii ut)der Section 477 of the Co]npanie5 Act 2006 for the year ¢nded 30th June 2024. The members have not required the company to obtain an audit of ils fJnan¢ial statements for the year ended 30th June 2024 in accordance with Seciion 476 of ihe Companies Act 2006. The trustees acknowledge their responsibilities for la ensuring that the ¢haTitable cotnpany keeps accounting r¢¢ords ihai comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a twe and fair vtew of th¢ siaie of affairs of the chariiable company as at the end of Vdch financial year and of its surplus or dcficit for each financial year in a¢cord8n¢e wilh ihe requirements of Sections 394 and 395 and which otherwise ¢omply with the requiTernents of the Companie5 Acl 2006 relating (o finan¢ial ststement5, 50 far as applicable to the charitable company. (bl These ftnan¢ial statements have been prepared in accordance with the provisions applicoble ¢0 charitable ¢ompanies subject tts the small coThpanie5 r¢girne. The financial statements were approved by the Board ofTrustees and au(horised for issue on 30th November 2024 and were stgned on its behalf by.. J P Darling- TnJ$t¢e The notes forn] part of these fJnan¢ial siatemettts Pa8e 5
SHANTI AID NOTES TO THE FINANCIAL STATEMEP4TS FOR THE YEAR ENDED 30TH JUNE 2024 ACCOUNTING POLICIES Basis of preparing the financisl 5txtement5 The finan¢Jal $iatemenis of the charitable ¢ompany, which is a publi¢ b¢nefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021'Accountin8 and Reporting by Charities.. Statement of Re¢ommended Pra¢ti¢¢ applicable to charities PTepaTing their a¢¢ounis in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,. Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland, and the Companies Act 2006. The financial 5taternents have been prepared under the historical cost convention. IMcome All in¢ome is recogt)ised in lh¢ Staiement of Financial A¢tivittes otJ¢e the ¢hariiy has entitlement io the fijnds, it is probable thal the income will be received and the amount can be measured reliably. Expenditure Liabilities are recogni5ed as expenditure as soon as there is a legal or constructive obligation committing the charity io that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the arnount of the obligation can be measured reliably. Expenditure is accounted for on an ac¢Tuals basis and has been ¢lassifJ¢d under headings ihat aggregaie all cosi related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitie5 on a basi5 consistent with the use of resources. TRNgible fixed assets Depr¢¢iorion is provided at the following annual rnes in order io wriie off each assei over its estimat¢d useful life. Computer equipment 33Vo on c051 TaxAtion The charity 15 exernpt from COTporation tax on its charitable activities. Fund Atcounting Unrestricted funds Can be used in accordance with the charitable objectives at the distteiion of the irustees. Restricied funds ¢an only be used for parti¢ular resiricTrd purposes wiihin ihe objecrs of the charity. Restrictions arise when specified by the donor or when funds are rdised for particular restricted purposes. Further explanalion of the nature and purpose of each fund is included in the notes to the financial ststements. NET INCOMEIIEXPENDITURE) in¢om¢l{¢xpendttur¢l is slated after ¢hargingll¢r¢dittngl'. 2024 2023 Depre¢iation- owned assets 951 535 Page 6 ¢oniinved...
SHANTI AID NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED30TH JUNE 2024 TRUSTKES. REMUNERATION AND BENEFITS There were no tnJst¢es' r¢muneration or oiher benefits for the year ended 30th June 2024 nor for the year ended 30th June 2023. Tru$tees' expen$e$ There were no trustees, expert5e5 paid for the year ended 30th June 2024 nor for the year ended 30th June 2023. COMPARATIVES FOR THE STA TEMENT OF FINANCIAL AcfiviTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 18.885 EXPENDITURE ON Raising funds 2.300 Other 10,544 Totsl 12.844 NET INCOME 6,041 RECONCILIATION OF FUNDS Totsl funds brought forward 2.158 TOTAL FUNDS CARRIED FORWARD 8,199 TANGIBLE FIXED ASSETS Cornputer ¢quipment COST At 151 July 2023 Additions 1,603 2,582 AI 30th June 2024 4.185 DEPRECIATION At 151 Julj 2023 Charge for year 1,069 951 At 30th June 2024 2,020 NET BOOK VALUE At 30th June 2024 2.165 Ai 30th June 2023 534 Page 7 continued...
SHANTI AID NOTES TO THE FINANCIAL sfATEMENTS- eontinued FOR THE YEAR ENDED30TH JIINE 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Amounts owed io participaiing interesis Other creditors Accrued expenses 664 1,260 960 4.265 1.026 2,884 5.291 mOVEmEr IN FIINDS Net movement in funds At 30.6.24 At 1.7.23 Unrestrlcted funds General fund 8.199 16.4121 1.787 TOTAL FUNDS 8,199 (6,4121 1.787 N¢t movement in funds, included in the aiN)ve are as follows.. Incotning resources Resources expended Movement in funds Unrestritted funds GeneTal fund 49,298 {55,710) (6.412) TOTAL FUNDS 49.298 155.7101 16.4121 Comparatives for movement in funds N¢t movement in funds At 30.6.23 A¢ 1.7.22 Unrestricted funds General fund 2.158 6,041 8.199 TOTAL FUNDS 2,158 6.041 8.199 Page 8 ¢ontinued...
SHANTI AID NOTES TO THE FINANCIAL STATEMENTS- ¢ontSnued FOR THE YEAR ENDED 30TH JUNE 2024 MOVEMENT IN FUNDS- eontlnued Comparative net movement tn funds, included in the above are as follows.. In¢oming resources R¢50urces expended Mtsv¢Th¢nt in funds Unrestricted funds General fund 18,885 112.8441 6.041 TOTAL FUNDS 18,885 112.8441 6.041 A ¢utrent year 12 tnonihs and prior year 12 mon(hs combined wsition is as follow5.. Net movemeni in funds At 30.6.24 At 1.7.22 Unrestritted fund$ General fund 2.158 {371} 1.787 TOTAL FUNDS 2.158 1371) 1.787 A cllrreni year 12 months and prior year 12 months Combined nei movemeni in funds. included in the alK>ve are as follows.. Incomin8 resourc¢s Resources expended Movemenl in funds UnTe5tricted fuThds General fund 68,183 168,5541 1371} TOTAL FUNDS 68,183 (68,5541 1371) RELATED PARTY DISCLOSURES There were no relaied pany transactions for the year ended 30th June 2024. Page 9
SHANTI AID DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024 2024 2023 INCOME AND ENDOWMENTS Don*tion$ and legacies Donations Gronts 9.720 39,578 8.955 9.930 49,298 18,885 Total iNcorning resourees 49.298 18,885 EXPENDITURE Raising donations and lega¢i¢$ Direct Charitable giving 4,831 2.300 Support tosts Management Wages Rent, ratcs and water Insuran¢e Telephone Posiage and stationery Subscriptions Travel ¢osis Training Computer equipment 28,792 7,466 331 104 3,721 180 3,224 2.250 951 6,600 331 76 228 1,660 534 47.019 9,429 Finance Bank charges 104 89 Information technology Computer consumables 2,796 Governance eosts Accountancy fees 960 1.026 Total resources expended 55.710 12,844 Net lexpenditureifineome (0,412) 6.041 This page does not forni part of the stalutory financial statements Page 10