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|Reference and administrative||details ofcharity, its trustees|and advisers||
|Trustees'
report||||2-5|
|Independent
Auditors|report|||6-8|
|Statement offinancial|activities||||
|Balance sheet|||||
|Statement ofCash Flows|||||
|Notes to the financial|statements|||12-23|
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FRIENDS OF VELLORE UK
INDEPENDENT AUDITORS REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
Auditorfs responslbiliues for the audit of the financial ststements {contlnued)
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free trom
material misstatement, whether due to fraud or error, and to issue an auditorfs report that indudes our opinion.
Reasonable assurance is a high level of assumnce, but is not a guarantee that an audit conducted in &cordance
with ISAS (UK) will always detect a material misslatemenl when il exist5. Misstatements can arise from fraud or
error and are considered rnaterial 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.
A further description of our respon5ibilitses for the audit of the finanaal statements is located on the Financial
Reports"ng Council s websrte at.. httpS'.I.frQ.Qrg.Ukl0Ur-WorkJAUdlAUd1l-aftd-assvran¢e1sIar}dxrd$-8nd-
guidancelstandards-and-guidance-for-8udilorslAudilors-responsibilities-for-audiVDescription-of-audilors-
responsibililies-for-audit.aspx. This description forrns part of our audiloff s report.
Use of report
Thss report is made Solely lo the charity's trustees, as a body, in accordance Part 4 of the charities (Accounts
gnd reports) regualtsons 2008. Our audit work has been undertaken so that we might stale to the charity's trustees
those tnatters we are required to state lo them in an auditor's report and for no other PLFrpose. To the fullest extent
permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, tor our audit work, for this report, or for the opinions we have formed.
Chaler Allan LLP
Chartered Accountants & Statutory Auditors
7 Quy Court
Colliers Lane
StOW-cum-Quy
CB25 9AU
Date. .la (k*rty a
Chater Allan LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
##
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||||Note|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021
f|2021|2021f|2020f|
|INCOME FROM:||||||||
|Donations
and legacies||||1,674,779|80,255|1,755,034|235,721|
|Investments||||50,791|13,421|64,211|27,636|
|TOTAL INCOME||||1,725,570|93,676|1,819,245|263,357|
|EXPENDITURE ON:||||||||
|Raising funds||||2,559|5,054|7,613|8,517|
|Charitable
activity||||||||
|Advancement
ofhealthcare||and||||||
|development
in India|||6,7|416,440|17,031|433,471|247,010|
|TOTAL EXPENDITURE||||418,999|22,085|441,084|255,527|
|NET INCOME
/ (EXPENDITURE) BEFORE||||||||
|INVESTMENT GAINS/(LOSSES)||||1,306,571|71,590|1,378,161|7,829|
|Net gains/(losses)
on investments||||68,004|38,821|106,825|(64,900)|
|NET (EXPENDITURE)|/ INCOME BEFORE|||1,374,575|110,411|1,484,986|(57,071)|
|TRANSFERS||||||||
|Transfers
between
funds|||14|10,157|(10,157)|||
|NET MOVEMENT
IN FUNDS||||1,384,732|100,254|1,484,986|(57,071)|
|RECONCILIATION
OF|FUNDS:|||||||
|Total funds at 1 January|2021|||416,785|290,493|707,278|764,349|
|TOTAL FUNDS AT 31|DECEMBER 2021|||1 801 517|390 747|2 192284|707 278|
##
|||||BALANCE SHEET||||
|---|---|---|---|---|---|---|---|
||||AS|AT 31 DECEMBER 2021||||
||||Note||2021||2020|
|FIXEDASSETS||||||||
|Tangible assets|||10||114||242|
|Investments|||11||1,795,355||652,026|
||||||1,795,469||652,268|
|CURRENT|ASSETS|||||||
|Debtors|||12|281,052||8,407||
|Cash at bank and||in hand||121,227||47,978||
|||||402,279||56,385||
|Liabilities||||||||
|Creditors: amounts||falling due||||||
|one year|||13|5,484||1,375||
|NET CURRENT ASSETS|||||396,795||55,010|
|NET ASSETS|||||2,192 282||787278|
|CHARITY|FUNDS|||||||
|Restricted|funds||14||1,801,517||416,785|
|Unrestricted|funds||14||390,747||290,493|
|TOTAL FUNDS|||||2,192,264||787,278|
##
|||||||Note|2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E|f|
|Cash used in operating|activities||||||1,083,239|4,462|
|Cash flows from investing|activities:||||||||
|Purchase
oftangible assets||||||||(60)|
|Purchase
of investments|||||||(1,010,000)|(30,000)|
|Sale of investments|||||||10||
|Net cash provided
by/(used||in) investing||activities|||(1,009,990|(30,060)|
|Change
in cash and cash equivalents|||in|the|reporting|2|73,249|(25,598)|
|period|||||||||
|Cash and cash equivalents
at the beginning|||||ofthe||||
|reporting
period|||||||47,978|73,576|
|Cash and cash equivalents
at the end|||of|the|reporting||||
|period|||||||121,227|47,978|
|Notes to Cash flow statement|||||||||
|1.Reconciliation
of net|income for the||year||to net cash|flow from operating|activities||
|Net movement
in funds|||||||1,484,986|(57,071)|
|Adjustments
for:|||||||||
|Depreciation
charges|||||||128|108|
|Dividends
and interest from investments|||||||(26,514)||
|Investment
administration|fees|||||||3,093|
|Loss/(Gains)
on investments|||||||(106,825)|64,901|
|Decrease/(Increase)
in debtors|||||||(272,645)|(4,557)|
|(Decrease)/Increase
in creditors|||||||4,109|(2,012)|
|Net cash inflow (oufflow)|from|operating|activities||||1,083,239|4,462|
|2.Analysis ofcash and|cash|equivalents|||||||
|||||||At 1||At 31|
|||||||January|Cash|December|
|||||||2021|flowf|2021f|
|Cash at bank and
in hand||||||47,978|73,249|121,227|
|||||||47,978|73,249|121,227|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2. INCOM|E FROM DONATIONS|||AND LEGACIES||||||
||||||Restricted|Unrestricted|Total||Total|
||||||funds|funds|funds||funds|
||||||2021|2021|2021||2020|
||||||E|8|E||8|
|Donations|||||404,779|43,832|448,611||235,721|
|Legacies|||||1,270,000|36,423|1,306,423|||
|Total donations||and legacies|||1,674 776|80255|1 755,034||235 721|
|3.INVESTMENT|||INCOIIIIE|||||||
||||||Restricted|Unrestricted|Total||Total|
||||||funds|funds|funds||funds|
||||||2021|2021|2021||2020|
||||||F|E|E||E|
|Bank 8 other interest receivable||||||5||5|33|
|Dividends|received - listed investments||||50,791|13,416|64,207||27,603|
||||||50,791|13,421|64|211|27636|
##
|4.EXPENDITURE|4.EXPENDITURE|ON RAISING FUNDS|ON RAISING FUNDS|ON RAISING FUNDS|||||
|---|---|---|---|---|---|---|---|---|
||||||Restricted|Unrestricted|Total|Total|
||||||funds|funds|funds|funds|
||||||2021|2021
f.|2021
F|2020f|
|Newsletter|||||666|1,755|2,421|2,780|
|Postage|||||76|200|276|236|
|Publicity|||||660|399|1,059|446|
|Salaries|||||1,157|2,700|3,857|3,695|
|Investment
management|||fees|||||1,360|
||||||2558|5054|7513|8517|
|5.GRANTS PAYABLE -|||INSTITUTIONAL||||||
||||||Restricted|Unrestricted|Total|Total|
||||||funds|funds|funds|funds|
||||||2021|2021|2021|2020|
||||||f||f|f|
|Person to Person|||||40,000||40,000|40,000|
|Vellore Rural Communities||||Trust|11,983||11,983|14,779|
|VRCT Bishopston||Kuppam||Link|3,046||3,046|3,541|
|Tucker Children's|Fund||||10,000||10,000|5,030|
|Training
Fund|||||1,136||1,136|8,169|
|Low Cost Effective||Care Unit|||6,000||6,000||
|Palliative Care|||||1,465||1,465|2,937|
|Palliative
Families|||||200||200|175|
|Jawadhi
Hills|||||13,033||13,033|10,675|
|Mission Fund|||||16,870||16,870|2,926|
|Rehabilitation|||||72||72|10,291|
|Ophthalmology|||||10,240||10,240|10,000|
|Emergency
Fund|||||2,536||2,536|4,000|
|FOV Scotland||||||||3,000|
|COVID-19|||||263,375||263,375|45,589|
|Alumni
Projects|||||13,894||13,894|38,000|
|Kannigapuram||||||||6,689|
|Asha Kiran Society||||||||4,985|
|Baptist Christian|Hospital||Tezpur||7,750||7,750|17,585|
|Kotagirl Medical Fellowship|||||100||100||
|Karigiri Hospital|||||6, 122||6,122||
|Subtotal|||||407 822||407 822|228,371|
|6.GRANT EXPENDITURE|6.GRANT EXPENDITURE|6.GRANT EXPENDITURE|ON CHARITABLE|ON CHARITABLE|ACTIVITY BYF|UND TYPE|UND TYPE|||
|---|---|---|---|---|---|---|---|---|---|
||||||Restricted|Unrestricted||Total|Total|
||||||funds|funds||funds|funds|
||||||2021|2021||2021|2020|
||||||5|8||E|5|
|Advancement|of|healthcare||and development|in India|||||
|Person to Person|||||40,000|||40,000|40,000|
|Vellore Rural Communities|||Trust||11,983|||11,983|14,779|
|VRCT Bishopston||Kuppam|Link||3,046|||3,046|3,541|
|Tucker Children's||Fund|||10,000|||10,000|5,030|
|Training
Fund|||||1,136|||1,136|8,169|
|Low Cost Effective||care Unit|||6,000|||6,000||
|Palliative Care|||||1,465|||1,465|2,937|
|Palliative
Families|||||200|||200|175|
|Jawadhi
Hills|||||13,033|||13,033|10,675|
|Mission Fund|||||16,870|||16,870|2,926|
|Rehabilitation|||||72|||72|10,291|
|Ophthalmology|||||10,240|||10,240|10,000|
|Emergency
Fund|||||2,536|||2,536|4,000|
|FOV Scotland|||||||||3,000|
|COVID-19|||||263,375|||263,375|45,589|
|Alumni
Projects|||||13,894|||13,894|38,000|
|Kannigapuram|||||||||6,689|
|Asha Kiran Society|||||||||4,985|
|Baptist Christian|Hospital Tezpur||||7,750|||7,750|17,585|
|Kotagirl Medical|Fellowship||||100|||100||
||||||6,122|||6 122||
||||||407,822|||407 822|22S,371|
|7.SUPPORT COSTS||||||||||
||||||Restricted|Unrestricted||Total|Total|
||||||funds|funds||funds|funds|
||||||2021
6|2021
E||2021f|2020
6|
|Telephone|||||66||175|241|238|
|Room hire costs|||||57||151|208||
|Travel and subsistence|||||3||10|13|83|
|Bank charges|||||||||186|
|Insurance|||||96||253|349|330|
|IT software|||||4||12|16||
|Subscriptions|||||148||390|538|474|
|Salaries|||||4,147|11,283||15,430|15,031|
|Pensions|||||212||560|772|749|
|Recruitment|||||2,160|||2,160||
|Sundry expenses|||||10||25|35||
|Depreciation|||||35||93|128|108|
|Professional
fees|||||||120|120||
|Governance;||||||||||
|Independent
examination|||||60||180|240|1,440|
|Accountancy|||||270||630|900||
|Audit|||||1,350|3,150||4 500||
||||||8,618|17,031||25,649|18,639|
##
##
|||||Grant||||
|---|---|---|---|---|---|---|---|
|||||funding
of|Support|||
|||||activities|costs|Total|Total|
|||||2021
F|2021
E|2021
f|2020
E|
|Advancement|of|healthcare|and|||||
|development|in|India||407,822|25,649|433,471|247,010|
|||||407,822|25,649|433,471|247,010|
##
|2021|2020|
|---|---|
|19,287|18,726|
|772|749|
|20,059|19,475|
##
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|10.TANGIBLE|FIXEDASSE|TS|||||
|---|---|---|---|---|---|---|
||||||Computer||
||||||Equipment||
||||||E||
|Cost|||||||
|At 1 January 2021||||||585|
|Additions|||||||
|Disposals|||||||
|At 31 December|2021|||||585|
|Depreciation|||||||
|At 1 January 2021||||||343|
|Charge for the year||||||128|
|On disposals|||||||
|At 31 December|2021|||||471|
|Net book value|||||||
|At 31 December|2021|||||114|
|At 31 December|2020|||||242|
|11. FIXEDASSETS INVESTMENTS|||||||
|Market value|||||||
|At 1 January 2021|||||652,016||
|Additions|||||1,010,000||
|Net gains on revaluation|||||106,825||
|Re-invested
dividends|||||26,514||
|Disposals|||||||
|At 31 December|2021||||1 195|355|
|Historical cost|||||911|992|
|Investments
at|market value|comprise|||||
|||||2021|2020||
|||||f|6||
|Listed Investments||||||10|
|M8G Charifund|- Income Units|||1,014,232|652,016||
|M8 G Charifund|-Accumulation|Units||781,123|||
|||||1,795,355|652,026||
|All the fixed asset investments||are held|in the UK||||
|12. DEBTORS||||2021|2020||
|||||E|F||
|Debtors and prepayments||||279,999|3,695||
|Tax recoverable||||1,053|4,712||
|||||281 052|8,407||
##
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|Amounts
falling d|ue within|one year|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||E|F|
|Creditors
and accruals|||||||5,484|1,375|
|14.STATEMENT|OF FUNDS||||||||
||||Brought|||Transfers|Gains/|Carried|
||||forward|Income|Expenditure|in/(out)|(Losses)|forward|
||||E|F|E|||E|
|Unrestricted|||||||||
|funds|||||||||
|General
Funds|||290,493|93,676|(22,085)|(10,157)|38,821|390,747|
||||Brought|||Transfers|Gains/|Carried|
||||forward|Income|Expenditure|in/(out)|(Losses)|forward|
||||f|6|F||E|E|
|Restricted funds|||||||||
|The Baker Fund||||1,302,152|(890)|(14,366)|14,232|1,301,128|
|Person to Person|||10,440|15,322|(41,524)|14,366|1,396||
|Vellore Rural Communities||Trust|227,527|12,481|(15,030)|(304)|31,693|256,367|
|VRCT Bishopston-
Kuppan||Link||2,742|(3,046)|304|||
|Tucker Children's|Fund||79,662|4,339|(11,524)||10,646|83,123|
|Training
Fund|||33,908|2,701|(2,660)||4,531|38,481|
|Low Cost Effective Care Unit|||14,578|1,810|(6,000)|||10,388|
|Palliative Care||||928|(1,465)|537|||
|Palliative
Families||||240|(200)|||40|
|Jawadhi
Hills||||16,520|(15,701)|||819|
|Mission
Fund|||40,737|7,228|(16,870)||5,506|36,600|
|Rehabilitation||||216|(72)|||144|
|Ophthalmology||||620|(10,240)|9,620|||
|Emergency
Fund||||2,636|(2,536)|||100|
|FOV Scotland|||3,903|||||3,903|
|COVID-19||||323,313|(263,375)|||59,938|
|Alumni
Projects|||4,952|19,142|(13,894)|||10,200|
|Nursing
Alumni||||288||||288|
|Kannigapuram|||||||||
|Baptist Christian|Hospital Tezpur||1,000|6,750|(7,750)||||
|Kotagiri Medical Fellowship||Hospital||100|(100)||||
|Karigiri Hospital|||80|6,042|(6,122)||||
||||416,785|1,725,570|~(418,999|10,157|68,004|1,801,517|
|Total offunds|||707,278|1,818,240|~441,0S4||106,825|2,192,264|
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|15. ANALYSIS OF NET ASS|ETS BETWEEN|FUNDS||||
|---|---|---|---|---|---|
|||Restricted|Unrestricted|Total|Total|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
|||F||6|E|
|Tangible
fixed assets|||114|114|242|
|Fixed asset investments||1,451,865|343,490|1,795,355|652,026|
|Current assets||349,652|52,627|402,279|56,385|
|Creditors due within one year|||(5,484)|(5,484)|(1,375)|
|||1,801,517|390,747|2,192,264|707,278|
|16. COMPARATIVES FOR THE STATEMENT||OF FINANCIAL|ACTIVITIES|||
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
||||6|||
|INCOME FROM:||||||
|Donations
and legacies|||198,578|37,143|235,721|
|Investments|||16,133|11,504|27,636|
|TOTAL INCOME|||214,711|48,647|263,357|
|EXPENDITURE ON:||||||
|Raising funds|||2,526|5,991|8,517|
|Charitable
activity||||||
|Advancement
of healthcare|and|||||
|development
in India|||233,154|13,856|247,010|
|TOTAL EXPENDITURE|||235,680|19,847|255,527|
|NET INCOME
/ (EXPENDITURE) BEFORE||||||
|INVESTMENT GAINS/( LOSSES)|||(20,970)|28,800|7,830|
|Net gains/(losses)
on investments|||~30,640)|~3426))|~64,900|
|NET EXPENDITURE BEFORETRANSFERS|||(51,610)|(5,461)|(57,071)|
|Transfers
between
funds|||18,627|(18,627)||
|NET MOVEMENT
IN FUNDS|||~(32,983|(24,088)|~67,071)|