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2024-04-05-accounts

Trustees’ Annual Report for the period

From 06/04/2023 - 05/04/2024

Charity name: Shanti Bhavan Children’s Project: U.K. Chapter

Charity registration number: 1197099

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The Objects for which the charity is
established for the benefit of the public are
for the education of the Dalit children in need
in India with a view to enhancing their self-
esteem, aspiration and motivation so that
they can participate more fully in society,
including taking up positions of leadership
and to relieve their need in such ways that
are for the benefit of the public and
exclusively charitable according to English
law.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The Trustees’ key areas of focus over the
reported period were: (1) grow the charity’s
network of donors and supporters in the UK
(2) raise the profile of the charity by
organising a fundraising event in November
2023 (3) establish relationships with
universities to create opportunities for Shanti
Bhavan Alumni / graduates (4) support
Shanti Bhavan graduates already based in
the UK.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Our trustees have had regard to the
guidance issues by the Charity Commission
on public benefit and have all completed a fit
and proper declaration form prior to joining
the board.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The charity does not make grants and
serves purely as a subsidiary which transfers
its proceeds to the head office based in the
USA.
Para 1.38 N/A
Policy on social investment
including program related
investment
Contribution made by
volunteers		 Para 1.38 Volunteers within the charity have assisted
with the organisation of the annual
fundraising event, enhancing the profile of
the charity in the UK via their networks, as
well as exploration for local higher education
opportunities for our students. This year we
also held various meeting with corporate
contacts to spread awareness of Shanti
Bhavan.
Other N/A

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Since 2021, the charity has made significant
financial contributions to the campus in India
via our US head office.
These financial contributions have been
supporting the ongoing upkeep of our first
school in Tamil Nadu and also the building of
our second school in Karnataka.
Thanks to the significant financial
contribution from the UK Chapter, Shanti
Bhavan will be welcoming a young cohort of
students on their brand new campus in
Karnataka.
This new school will increase reach across
new and previously untapped communities
in Karnataka.
Additional non-monetary achievements of
the chapter include: increasing our audience
and supporters across the UK, building a
network of higher education connections to
strengthen a pathway for graduates to study
in the UK, and spreading awareness of the
mission to corporations and high-net worth
individuals.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
Achievements against
objectives set		 Para 1.41 The main achievements were:
1) Completing our first gift aid claim via
HMRC receiving approx. £17,000.
2) Engagement with various companies
and donors to enhance awareness.
3) Fundraising event in November 2023
to develop network and increase
donations.
4) Webinars and presentations to
various corporate entities such as
PWC, KPMG and Virgin Group.
5) A donation of £50,000 from David
Vacha, who is a close supporter of
the charity, on behalf of one of his
client’s estates.
Performance of fundraising
activities against objectives
set		 Para 1.41 The November 2023 fundraising event was a
great success in relation to impact on the
night. We had two Shanti Bhavan Alumni
give speeches which were very moving, and
helped connect the supporters to the
organisation in a more meaningful way.
Investment performance
against objectives		 Para 1.41 The majority of donations were made from
existing donors whom were aware of our
charity through our Netflix documentary,
Daughters of Destiny. We were able to
enhance the value of these donations via
Gift Aid.
The charity experienced an increase in
donations compared to the previous period.
Whilst most donations are passive, our
growing network in the UK has helped to
raise more funds.
Other N/A

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 We ended the financial year with a
significant balance. We were able to transfer
£87,000 to our head office to consolidate
funding at the end of 2023, with a total
amount of £109,000 over the course of the
year The balance will continually increase
due to the steady flow of donations
throughout the year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 It has been agreed with our head office in
the US that we will transfer the majority of
reserves twice a year in June and
December. We have agreed to keep
approximately £10,000 as reserves for any
costs incurred by the chapter. Costs are
minimal and mainly related to expenses
related to our fundraising event which are
covered through ticket sales and donations.
Amount of reserves held Para 1.22 £50,992.39
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Most funding is received in the form of
donations via the Shanti Bhavan website
which is linked to our Donorbox account.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N/A
A description of the principal
risks facing the charity		 Para 1.46 No explicit risks. We have a large donor
base with a continuous flow of donations.
Our trustees are not remunerated and we
face no significant operational costs.
Other N/A

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Chair and Trustee Jay Singadia, with
support and approval from fellow Trustees,
is responsible for identifying and selecting
new Trustees. The trustees would usually
have an existing relationship with Shanti
Bhavan as a donor or past campus
volunteer.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51 No formal procedures in place for training
trustees. The chair will work with the board
to ensure trustees are able to assist with the
ongoing support and operation of the charity.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The charity was created to receive and
engage with the existing UK domiciled
donorbase. We operate independently but
with advice and guidance from employees of
the charity based in the US and Canada.
Relationship with any related
parties		 Para 1.51 N/A
Other

Reference and Administrative details

Charityname Shanti Bhavan Children’s Project: U.K. Chapter
Other name the charity uses N/A
Registered charity number 1197099
Charity’s principal address 6 GOLDMARK CLOSE
OLD FARM PARK
MILTON KEYNES
MK7 8PE

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
9
10		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of
person (or
body)
entitled to
appoint
trustee (if
any)
JaySingadia Chair
Alexis Golden Vice-Chair
Nicola Rivis
Preema Patel
Kavita Jacobs
David Ebstein Until 18 Jan 2024
Karishma Patel Until 13 Nov 2023
Giulia Barresi From 02 Sep2023

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 No funds are held in the capacity of a custodian
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Giulia Barresi Full name(s) Jay Singadia Position (eg Secretary, Chair Trustee Chair, etc) Date 3 February 2025

Shanti Bhavan Children's Project: U.K. Chapter 1197099

Recei ts and a ments accounts p p y

CC16a

For the period 4/6/2023 4/5/2024 To from

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
139,921
7,428
-
-
-
-
-
-
147,348
-
-
-
147,348
-
-
95
109,000
9,705
118,800
-
-
-
118,800
28,548
-
-
28,548		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
139,921
7,428
-
-
-
-
-
-
147,348
-
-
-
147,348
-
-
95
109,000
9,705
118,800
-
-
-
118,800
28,548
-
-
28,548		 Last year
to the nearest £
Donations 139,921 -
Ticket Sales 7,428 -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 147,348 -
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
-
Governance Costs - -
Lawyer Fees - -
Bank Charges 95 -
Transfers to SB US entity 109,000 -
Charitable Activities 9,705 -
**Sub total ** 118,800 -
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
28,548 - - 28,548 -
- **- ** - - -
- - - - -
28,548 - - 28,548 -

CCXX R1 accounts (SS)

2/3/2025

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details		 Unrestricted
funds
to nearest £
50,992
-
-
50,992
Agreement Error
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
- -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due
(optional)
-
-
-
-
-
Signature Print Name
JAY SINGADIA
Date of
approval
JAY SINGADIA Jan 8, 2025

CCXX R2 accounts (SS)

2/3/2025

2

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Shanti Bhavan Children’s Project: U.K. Chapter

On accounts for the year
ended
Set out on pages		 05 April 2024 Charity no
(if any)		 1197099
(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 05 / 04 / 2024 .

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Date: 03 February 2025 Signed: Name: Nitin Kumsi Relevant professional FCA. ICAEW qualification(s) or body (if any): Address: 7 Treborough, Furzton, Milton Keynes MK4 1LR

October 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

2

IER