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2021-03-31-accounts

Charity Registration No. 232510

Company Registration No. 00428678 (England and Wales)

THE DOHNAVUR FELLOWSHIP CORPORATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

THE DOHNAVUR FELLOWSHIP CORPORATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

S E Wavre (Chair) P A Anderson J M T Carlyon R A Manning S R M Gill M Packianather (Appointed 24 October 2020)

Secretary Dr R L Saunders Charity number 232510 Company number 00428678 Registered office Amelia House Crescent Road Worthing West Sussex BN11 1RL Independent examiner Carpenter Box Amelia House Crescent Road Worthing West Sussex BN11 1RL

THE DOHNAVUR FELLOWSHIP CORPORATION

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6 - 7
Notes to the financial statements 8 - 17

THE DOHNAVUR FELLOWSHIP CORPORATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 5 APRIL 2021

The trustees present their report and financial statements for the year ended 5 April 2021.

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 Companies Act 2006 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 was set up in 1947 in order, firstly, to help support the work of the Dohnavur Fellowship in India, where a large orphanage and a rural hospital were fulfilling the first three objects of the charitable company as stated in the charitable company’s memorandum and articles of association, i.e. saving children from moral danger, training them to serve others, and relieving suffering and making God’s love known to the people of India especially through the medical work.

This has been done by: managing donations and legacies received by the charity and forwarding funds when required to India; in various ways publicising the work in India and promoting prayer support; supporting the leadership in India in the development of the work of the Fellowship and to this end facilitating visits to and from Dohnavur. Secondly, the charity was set up to provide for retired missionaries of the Dohnavur Fellowship who had given their lives to such work.

The Dohnavur Fellowship Corporation ("DFC") is a completely separate entity from The Dohnavur Fellowship India which is registered in India under the Tamil Nadu Societies Registration Act. The charity in the UK (The DFC ) was set up to help support the charity in India which is self-governing. The Dohnavur Fellowship Corporation in the UK maintains regular communication with The Dohnavur Fellowship in India. The work in India is supported by donors in other countries, including India, as well as by the Dohnavur Fellowship Corporation in the UK.

Public benefit

T he trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission ' s general guidance on public benefits . Further regard has been given to the specific guidance on the advancement of religion for the public benefit. The Dohnavur Fellowship Corporation's objects comply directly with three of the Charities Act's descriptions of "charitable purpose":

The trustees ensure that these purposes are met as the charity exists principally to provide financial support to the Dohnavur Fellowship in India, where a large orphanage and rural hospital are situated serving the people of Dohnavur and the surrounding region.

As the main objectives of the charity are to support the work in India and to provide for retired missionaries of the Dohnavur Fellowship, donations and legacies to the charity are all credited to the general fund. After administrative expenses have been met, funds are forwarded to the fellowship in India as required.

Achievements and performance

From the beginning the policy of the charity has been to make the work in India known but not to ask for funds, trusting God to supply what is needed through those who are interested.

The charity has continued to support the Dohnavur Fellowship in India, including the children's home and hospital. During the year 2020-2021 a total of 47 (2019-2020: 56) children up to the age of 18 have been housed, clothed, fed and educated, while 36 (2020: 27) other young people remain in full-time education beyond the age of 18, though most spent a large part of the year at home because of Covid closure of schools and hostels. In March 2021, the whole community (children, staff, disabled adults and retired Indian workers) numbered 218 (March 2020: 235).

THE DOHNAVUR FELLOWSHIP CORPORATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

In March 2020, the hospital closed to all external patients because of the Coronavirus Pandemic. Hospital statistics for 2020-2021 show 30 (2019-2020: 607) in-patients. All in-patients were DF India residents, and 22 out of the 30 were Covid-19 patients. There were 6,768 (2019-2020: 25,430) out-patient attendances, including 332 (2019-2020: 11,179) dental patients and 700 (2019-2020: 1,900) leprosy patients. The resident doctor and DF nurses continued to treat residents of the DF for minor ailments throughout the year. The dental practice was partially re-opened a few months ago.

A total of £ 4,800 (2019-2020: £4,800) has been paid by the charity in allowances to support retired missionaries. There were no repairs to the leasehold property.

A total of £199,079 (2019-2020: £214,684) has been sent in remittances to the Dohnavur Fellowship in India. Additionally, the sum of £5,335 (2019-2020: £540) was sent to the Santhosha Vidhyalaya School in Dohnavur to support the purchase of computers.

The investment assets of the charity are to fund the UK office function and held to provide income for the support of the retired missionaries but are also used to provide funding for the Dohnavur Fellowship where surplus to this requirement. The charity is not financially dependent on any one donor and gifts and donations are received from the charity's many supporters. The amount of legacy income varies from year to year. Funds are adequate and available to meet the needs of the charity. No specific commitments have been made either to the work in India or to the retired missionaries.

Financial review

The trustees have reviewed the funds position at the balance sheet date. The total level of funds at 5 April 2021 was £4,424,423 (2020: £3,737,514). The results as shown in the Statement of Financial Activities compares favourably with 2020, as in 2021 there is an overall net surplus of £686,909 (2020: surplus of £70,557). This has arisen due to a significant increase in the value of our investments since the previous yearend date.

At the year end the investment fund held within designated funds had a balance of £3,580,441 (2020 - £2,808,426) and the balance held in other designated funds and the general unrestricted funds amounted to £842,839 (2020- £928,323). £9,500 is required to meet working capital requirements and represents about 3 months of all funds' expenditure excluding remittances to India. The remainder is being held for the development of the future work in India.

The trustees' policy is to retain sufficient reserves in the investment fund to generate funds on a long-term and on-going basis for:-

3) Other needs of the work including provision for travel for Indian workers.

If income from the investment fund is surplus to requirements some of this may be transferred to the general fund in order to be available for transmission to India. The trustees will review the position of the investment fund and reserves annually.

Investment policy

The trustees' investment policy is to ensure that the pool of money held within the charity is invested prudently and profitably over the long term for the charity's objectives and for the benefit of the Dohnavur Fellowship . The aim is to provide a balance of income and capital growth through a low risk strategy. All of the charity's investments are currently invested with COIF Charity Funds under the management of CCLA Investment Management Ltd. The allocation and performance of the investments is kept under review .

THE DOHNAVUR FELLOWSHIP CORPORATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Risk management

The Risk Register is regularly reviewed by the trustees, with such a review usually taking place in September. The principal risks identified that would potentially have the most impact on the work of the charity continue to be: (a) a significant reduction in donor and legacy income; (b) unavailability of the administrator, for example, due to illness and (c) the Government of India blocks income from abroad. The Risk Register was once again reviewed and updated during the trustees' meeting held on 4 September 2021. The trustees monitor these risks and take steps to protect the charity's position.

Plans for the future

The financial position at 5 April 2021 is satisfactory. The trustees have no plans to change the charitable company's aims and key objectives for the future or to make any fundamental changes to the ways in which they aim to achieve them. The trustees looked into being more direct in talking about current funding needs, through the ‘Rani initiative’, with good results. A website to better inform the public of the work of the Dohnavur Fellowship has been set up. This is called “Friends of Dohnavur”.

The catchment area for assisting new children through the Dohnavur orphanage, as reported last year, was halved, through the division of Tirunelveli district into two districts: Tirunelveli and Tenkasi. The changing face of rural India due to the coronavirus pandemic is creating new challenges and vulnerabilities in children in areas surrounding Dohnavur. During the many months of Covid lockdown, the Dohnavur Fellowship continued to review their child focused outreach and projects under their Vision and Mission statements. The Dohnavur Fellowship is redesigning areas for children, the young adults and the elderly in compliance with the Indian state rules. New post-Covid projects to assist local children, the young adults and the elderly are being planned. The DFC is very active in supporting this important process, to ensure that the purpose and mission of The Dohnavur Fellowship is relevant to the changing times.

Structure, governance and management

The DFC is registered in the UK as a charity with registration number 232510 and is a company limited by guarantee with company number 00428678. It was established under a memorandum of association which set out its objects and powers and it is governed under its articles of association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S E Wavre (Chair) P A Anderson J M T Carlyon R A Manning R L Saunders (Resigned 20 March 2021) J A Woolcock (Resigned 22 June 2020) S R M Gill M Packianather (Appointed 24 October 2020)

Ultimate responsibility for the governance of the charity and the funds it is entrusted with lies with the board of trustees who meet at least twice a year to review the activities and financial position of the charity. New trustees are appointed from time to time by the existing trustees to ensure that the board of trustees reflects an appropriate mix of skills and abilities. The appointment of any new trustee is approved by an ordinary resolution of the company. Procedures are in place to ensure that any new trustee has the necessary induction and training to be able to understand how the charity works. The day-to-day work of the charity is done by an administrator, appointed by the trustees, who works in consultation with the Chair and other trustees.

The trustees' r eport was approved by the Board of Trustees.

.............................. .............................. S E Wavre (Chair) S R M Gill Trustee Trustee Dated: ......................... Dated:.........................

THE DOHNAVUR FELLOWSHIP CORPORATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE DOHNAVUR FELLOWSHIP CORPORATION

I report to the trustees on my examination of the financial statements of The Dohnavur Fellowship Corporation (the charity) for the year ended 5 April 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable 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 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 this report in order to enable a proper understanding of the financial statements to be reached.

Robin Evans BA FCA CTA

Amelia House Crescent Road Worthing West Sussex BN11 1RL

Dated: .........................

THE DOHNAVUR FELLOWSHIP CORPORATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income and endowments from:
Donations and legacies
3
114,955
5,713
Other trading activities
4
-
-
Investments
5
81,022
-
Other income
6
599
-
Total income
196,576
5,713
Expenditure on:
Raising funds
7
-
-
Charitable activities
8
232,156
5,335
Total resources
expended
232,156
5,335
Net gains/(losses) on
investments
12
722,111
-
Net movement in funds
686,531
378
Fund balances at 6
April 2020
3,736,749
765
Fund balances at 5
April 2021
4,423,280
1,143		 Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
120,668
399,927
840
-
4,419
-
81,022
80,399
-
599
731
-
202,289
485,476
840
-
149
-
237,491
251,189
540
237,491
251,338
540
722,111
(163,881)
-
686,909
70,257
300
3,737,514
3,666,492
465
4,424,423
3,736,749
765		 Total
2020
£
400,767
4,419
80,399
731
486,316
149
251,729
251,878
(163,881)
70,557
3,666,957
3,737,514
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total resources
expended
Net gains/(losses) on
investments
12
Net movement in funds
Fund balances at 6
April 2020
Fund balances at 5
April 2021

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE DOHNAVUR FELLOWSHIP CORPORATION

BALANCE SHEET

AS AT 5 APRIL 2021

Notes
Fixed assets
Tangible assets
13
Investments
14
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
19
Unrestricted funds
Designated funds
20
General unrestricted funds		 2021
£
£
146,242
3,622,185
3,768,427
770
49,913
608,513
659,196
(3,200)
655,996
4,424,423
1,143
3,600,392
822,888
4,423,280
4,424,423		 2020
£
£
147,814
2,900,074
3,047,888
770
300,647
394,449
695,866
(6,240)
689,626
3,737,514
765
2,827,778
908,971
3,736,749
3,737,514

THE DOHNAVUR FELLOWSHIP CORPORATION

BALANCE SHEET (CONTINUED)

AS AT 5 APRIL 2021

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 5 April 2021.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on .........................

..............................

S E Wavre (Chair) Trustee

Company Registration No. 00428678

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

Charity information

The Dohnavur Fellowship Corporation is a private company limited by guarantee incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1RL.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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 charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include fixed asset investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees ha ve a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees ha ve considered relevant information, including the impact of subsequent events and the COVID -19 pandemic, in making their assessment.

Based on these assessments and having regard to the resources available to the entity, the trustees ha ve concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the accounts.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

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.

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.

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

(Continued)

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.

1.5 Expenditure

Expenditure relating to charitable activities is included in the Statement of Financial Activities on an accruals basis.

Governance costs include amounts incurred in respect of the running of the charity as an organisation, including general management, administration, legal and constitutional matters.

Support costs include consultancy and administration costs incurred to support governance, together with the cost of general management including office costs.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold buildings 125 years on a straight line basis over the term of the lease Fixtures and fittings 8% straight line per annum

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell .

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks .

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

(Continued)

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets 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 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 p aymen ts 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.

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
2021
2021
£
£
Donations and gifts
44,379
5,713
Legacies receivable
70,576
-
114,955
5,713		 Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
50,092
45,026
840
70,576
354,901
-
120,668
399,927
840		 Total
2020
£
45,866
354,901
400,767

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

4 Other trading activities

Total Unrestricted
funds
2021
2020
£
£
Merchandising income -
4,419
5 Investments
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Investment income 80,348
78,794
Interest receivable 674
1,605
81,022
80,399
6 Other income
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Royalties 599
731
7 Raising funds
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Merchandising costs -
149
-
149

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

8 Charitable activities

Charitable
Charitable
Expenditure
Expenditure
2021
2020
£
£
Depreciation and impairment 1,572
1,572
Remittances to Santhosha Vidhyalaya School 5,335
540
Remittances to India 199,079
214,684
Allowances to retired missionaries 4,800
4,800
210,786
221,596
Share of support costs (see note 9) 22,267
23,344
Share of governance costs (see note 9) 4,438
6,789
237,491
251,729
Analysis by fund
Unrestricted funds 232,156
251,189
Restricted funds 5,335
540
237,491
251,729

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

9 Support costs

Support
costs
Governance
costs
£
£
Administration,
management and
communication services
13,145
-
Office costs
7,344
-
Rent
150
-
Insurance
1,393
-
Bank charges
235
-
Audit fees
-
-
Independent examiner
fees
-
4,438
Travel expenses
-
-
22,267
4,438
Analysed between
Charitable activities
22,267
4,438		 2021
Support
costs
Governance
costs
£
£
£
13,145
10,346
-
7,344
10,873
-
150
534
-
1,393
1,341
-
235
250
-
-
-
6,631
4,438
-
-
-
-
158
26,705
23,344
6,789
26,705
23,344
6,789		 2020
£
10,346
10,873
534
1,341
250
6,631
-
158
30,133
30,133

Governance costs includes payments to the independent examiner (2020: auditor) of £ 1,410 (2020: £ 3,150 ) in independent examiner fees (2019: audit fees) and £2,100 (2020: £2,050) for accountancy services.

10 Trustees

Save as stated below, n one of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. There were expenses totalling £290 (2020: £222) incurred by trustees and reimbursed by the charity during the year for office and website costs.

During the year donations totalling £1,860 (2020: £1,860) were received from the trustees.

During the year one trustee (Dr. R L Saunders) received £12,965 (2020: £10,346) for administration and general day-to-day office operation services provided to the charity on a self-employed consultancy basis.

There was no remuneration paid to key management personnel during the current or prior year.

11 Employees

The charity had no employees in the current or comparative period.

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

12 Net gains/(losses) on investments

Revaluation of investments
13
Tangible fixed assets
Cost
At 6 April 2020
At 5 April 2021
Depreciation and impairment
At 6 April 2020
Depreciation charged in the year
At 5 April 2021
Carrying amount
At 5 April 2021
At 5 April 2020
14
Fixed asset investments
Cost or valuation
At 6 April 2020
Valuation changes
At 5 April 2021
Carrying amount
At 05 April 2021
At 05 April 2020		 Unrestricted Unrestricted
funds
funds
2021
2020
£
£
722,111
(163,881)
Leasehold
buildings
Fixtures and
fittings
Total
£
£
£
196,561
15,910
212,471
196,561
15,910
212,471
48,747
15,910
64,657
1,572
-
1,572
50,319
15,910
66,229
146,242
-
146,242
147,814
-
147,814
Listed
investments
£
2,900,074
722,111
3,622,185
3,622,185
2,900,074

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

15
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
16
Stocks
Stock of books
17
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
18
Creditors: amounts falling due within one year
Accruals and deferred income		 2021
£
3,622,185
2021
£
770
2021
£
4,413
45,500
49,913
2021
£
3,200		 2020
£
2,900,074
2020
£
770
2020
£
3,125
297,522
300,647
2020
£
6,240

19 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:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
6 April 2019 resources expended 6 April 2020 resources expended 5 April 2021
£ £ £ £ £ £ £
Santhosha
Vidhyalya
fund 465 840 (540) 765 5,713 (5,335) 1,143

The charity had one restricted fund in they year, the Santhosha Vidhyalaya fund, which was set up to receive donations specifically to support the Santhosha Vidhylaya.

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

20 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Investment
fund
Publications
fund
Santhosha
Vidhyalya
boys' hostel
fund		 Balance at
6 April 2019
£
2,920,636
14,245
650
2,935,531		 Movement in funds
Incoming
resources
Resources
expended
£
£
80,318
(192,528)
5,149
(692)
-
-
85,467
(193,220)		 Balance at
6 April 2020
£
2,808,426
18,702
650
2,827,778		 Movement in funds
Incoming
resources
Resources
expended
£
£
802,564
(30,549)
599
-
-
-
803,163
(30,549)		 Balance at
5 April 2021
£
3,580,441
19,301
650
3,600,392

The charity has three designated funds, the investment fund, the publications fund and the Santhosha Vidhyalya boys' hostel fund.

The investment fund provides income from long-term investments that is used principally for the charity's duty of care for former Dohnavur missionaries and other UK-based workers in need. This income also finances the work and administration of the DFC in the UK. Surplus income from these investments is used to support the Dohnavur Fellowship in India.

The publications fund is for the management of royalties, copyright fees and the sale of Dohnavur related publications, including books, DVDs and CDs.

The Santhosha Vidhyalya boys' hostel fund was set up by the trustees in March 2016 to facilitate directed giving by the charity to support the building of a boys' hostel at the Santhosha Vidhyalya, a boarding school within the Dohnavur compound providing education for the children of Indian Christian missionairies.

THE DOHNAVUR FELLOWSHIP CORPORATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

21 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2021
2021
£
£
Fund balances at 5
April 2021 are
represented by:
Tangible assets
146,242
-
Investments
3,622,185
-
Current assets/
(liabilities)
654,853
1,143
4,423,280
1,143		 Total Unrestricted
funds
Restricted
funds
2021
2020
2020
£
£
£
146,242
147,814
-
3,622,185
2,900,074
-
655,996
688,861
765
4,424,423
3,736,749
765		 Total
2020
£
147,814
2,900,074
689,626
3,737,514

22 Related party transactions

There were no disclosable related party transactions during the current or prior year other than transactions with trustees as disclosed in note 10.