Charity wfjstrdtton number 232510 Comparty wi¥tsatson n￿1)er 00428678 (England and Wales) THE DOHIIAVUR FELLOWSHIP CORPORAnoN ANNUAL REPORT AND FINAIICIAL STATEIIENTS FOR THE YEAR ENDED 31 MARC14 2024 THE DOHNAVUR FELLOWSHIP CORPORATION LEGAL AND ADMINISTRATIVE INFORMATION Trust•¢s S E Ktsvre (Chair) J M T Cartyon RA Monnir SRMGill M Packianather D Gordon {Appointed 2 20241 Secretary SRIAGill Charfty number 232510 Company numbtrr 00428678 ROg￿t￿r9d offlce Amelkg Ho Crescent Road l)rlhing West Sussex BN11 1RL Audltor SumerAudrt Am¢lki House Cr8scAnt Ro&J )rthirg West Suss8X 8N11 1RL THE DOHNAVUR FELLOWSHIP CORPORATION CONTENTS Page Tw5tse5' re￿1 Statement of trustees, wspon51biutie8 Independent audrtorfs raFQrt Stalernenl of financial actIv￿.e$ 10 Balance sheet 11 Notes lo th& financial statements 12-19 THE DOHNAVUR FELLOWSHIP CORPORATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees wesent their report and finarKHI State[ne￿ for th8 year ended 31 M8f¢h 2024. The fin8n(#818t8tements have been pr8pwI In ac¢ordance with the accounting pc4i(x&s out in note 1 to the financial statéments and comply wth the charity's govemiru dC￿Ment, the Companies Act 2006 and 'Accounling and Reporting by Charities.. Statement of Re¢tynmended Practse 8pplicatde to charities prepanng their accounts in accordanc$ with the FinaThial Reporling Stand¥d apPbC8t￿e in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191". Obl•ctlvès and actlvltles The charity was sel up in 1947 In order, )IrsVy, to help supwt thè of thtr Dohnavur Fellcwship in India. where a large orphanage and a rural Iwilal were ￿￿llIng the firsi three d)j¢¢ts of th¢ charitat4e company a5 stated ill the tharitable compan￿$ mem¢yandum and arlth of assctiation. i.e. saving ¢hIld￿rn from moral dangèr. tralning them to serve others, reli￿n9 sJJfferin9 afKI makn'ng God's h)ve known lo the people of India especially through the Medical work. The Dohnavur Fdlowshlp Corptyatitin fDFC"} is a completely sep8Wate entity frorn The Dohnavur Felknwship India which is registwed in Ind￿ under the Tamil Nadu Soaetw Regi$1r8tl￿ Act. The charity in the UK IThe DFCI w8s sel up lo help support the ¢haiEty in India vthich is sélf-govèming Thtt Dohftavur Fellowsh'p C¢rporati¢n in the UK maintw'ns regular communi¢alion wilh Th8 Dohnavur Fellowship ift India. The work in India is supp(Mted by donors in other countries, indudlrtg India, a8 well as by the Dohnavur FdlcN¥shlp Corpor8llon in the UK. The DFC has over many years supwted the Dohnavur Fellowship by.. managing donal(y)$ 8nd loga¢￿$ received by the charity and foAvardlng ftjnds when requir￿ lo IrKlia." in varioLL8 Ways publicisin9 thè work in Indlg and promoting praygr support., supporting the kadership in I￿￿1$ in the develokynent of the work of th8 Fellowshlp and to this end faciltstyng vists lo ￿ from Dohnavur. In recent ye8rB the DFC has also supported management improvéments In Dohnavur updatin￿reStrUcturin9 thg way they work to achyave better m8naqen7ent and aceountabilrtv standartls 8nd 0racti￿$. This to strè9mll￿. clarify arKI improve cornmunication. transpa￿nCY and effi¢ienGy befften the often-intwr8late(l ai¢as of work wthin ihe Dohnavur Fellowship. Tho DFC has financed con$ultsncy fees for Tamil Nadu based respeded Christian consurtants, vthich is b8¥lng frull. Secondly, the charity was sel up to prowde for retired missionaries ol ihe Ek)hnavur Fellowship who had given their lives to such b%fjrk. Publlc bene The trustees conffmi Ihat they hove ￿rn￿led iheir duty n Section 17 of the ChgAtie8 Ad 201110 have due regard lo the charity Cornrnission's genèral 9uidance oft public benefits. Further ￿93rd has been given lo the spaufic guiijance on the advancernent of fdig￿n for the PU￿1¢ benefil. The Dohnavur Fgljowship Corporation's objects ￿MplY dire¢lty wlh three ofthe Charth"8s Acfs ¢J¢wptions of"charitsble purpose.: -.the rellef of poveW, 'Yhe advancement of r8ligK)n" an¢J 'Ihe advancement of health or saviThJ of lives" The tNsl¢e$ ensuft Ihat these purposes arè [T￿l 85 tharity exists wlnupalty lo provide firtpncial SUp￿rt lo the Dohnavur Fellowship in lThJia, vther8 a large typhanage and njral hospital a￿ situated sèrying people ot Dohrnavui and Ihs surrounding region. As the maSn obje¢knves of the charity are to supp￿1 thè work in Ind￿ and to provide for retired missionaries of the Dohnavur Fellowship, donab'ons and legacies to tho ¢harity are all credited to the 98nèral furKI. Aftér administrative expgns&$ have been fflel, fvnds are forwar￿ to the feumhip in Ind￿ as required. Achlevements and performance Frorn the beginning the poltcy of the charty has been lo make the woth in lTh4ia bul not lo ask for funds, trusllng God lo supply what is needed through ttrK>Se who are Interested. The costs of operation in Ir￿18. 88 sewhere in the wodd. have increaseil. The DFC has Èstablisw a working group to bett&r target potsntial individual dor)ors or agwcies who might be interested able lo support the work of Ihe DF through prayer and rnonetary ¢lonal%)ns. THE DOHNAVUR FELLOWSHIP CORPORATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The tharity has conlinued to support the Dohnavur Fellowship in IrKlia, Indudiro the children'8 hcffle and hospital serying the people of Dohnavur and Ihe surrounding region, and also thp After Care horn8 for girfs over 18 years of age, and the home and care for the aged. During the year 202>2024 vhthln the Dohnavur Fellowship o tot81 of 26 {2D22-2023.' 321 chiktrén up lo the age of 18 have been housed. clothed, led and educated. whil* 3412022-2023.. 27} other young people remain in fijll-lirne education beyond the age of 18. Many of these have been living in DF in the After Care home. commLth"ng to Iheir rA8ces of higher education on a daily basis A few have gone furth8r afidd and Iwe in hoslels, retuming to DF for the holKlay5. In Marth 2024, ltte whole community Ichildren, staff, disabled adults arml relired Indran WOfk8rsl numbered 178 IMar¢h 2023.. 1871. The￿ were also 25 h08pitsI staff nu￿n9 Students. In the 2023-2024 year, th¢ first year lully post4ovid, the refurbthmerrt of the OutpatEnis' reception area was completed and new equipment for t1￿ l*) and a CT4can installod, along with olher improvernents to patient flow. Inpatients.. In 2023-2024 there was a totsl 01277 inpatients12022-2023.' 6701. Of this totsl, 65 inpatsents 12022-2023.. 1081 were DFISW re￿￿ents - vthich induded 8 SV re*dents 12022-2023". 51 and 23 12022-2023.. 25) elderly Accals living p8mwnenUy in the &su Nesa Salai ISNS) care wards. 184 12022-2023. 5621 were admrtled lo thè Arokkla Salai la section of the hospital for inpatients from tha 98neral wblicl I'SV stsnds for the Santho$ha Vidhyalaya boardiro schod on DF grounds). Poor l (lostitute patlents. 8 12022-2023.. 5) - Old Arokkia ￿al 5 12022-2023.. 51, Carunia Salai 3 12022-2023.. Nontrl Leprosy Inpatl8nt•." Dunng the yèar there were 20 leprosy pab.enls who were admltted to hospital 12022-2023. 601 They live in Anuhula Sal&, prevkyjsty a Cholèra Isdation ward. Ou¢patlents'. There were 14.327 outp8b.ents in total 12022-2023.. 18,9361. This includ8d 2,042 dental patients 12022-2023.. 3.0891, 2,346 other speaality gro￿8 sutth as diabetics12022-2023.. 2,1891, and 800 bprosy palients12022-2023'. 7S61. Outsldé general patlon14'. In 202&2024 the nijmber of outslde general p8li8nts was 11.48S {2022- 2023.. 11,7471. Numbor of DFISV outpatlent•'. In 202&2024, DF oulpthnlB lotslled 2,95212022.2023'. 2,6181 and SV outDalients totalled 1.16612Q2?-?0?ry. 1.99?) Operallon6.' A loial of 42 mirw opefalions 12022-2023.. 491 were carried out durjrg year linduding all patient ¢alegorie81, and 15 operations weffj carrièd out extemal surge¢)n frw Eruvadi In tt)e Dohnavur Fellowship Iheatre12022-2023.' 7}. Some DF paI￿ntS b%*re f8fgrred lo ￿rgèr ￿*pItal9 vhwg sw¢ialised Interventions were wuir8d. In 2023-2024 Ihgs8 numb8r8d 10.. 7 ¢ataracl surgeries. 3 olher surgerias. Remlttanc• to Indla In 2023-2024 a total of £298.718 12022-2023.. £201.5501 was sent by Ihe DFC to the Dohnavur Fellowshlp in India. There were no remillances dire(1 to the Sanlhosha Vkyhyalaya School in Dohnavur. tt￿Ugh the DFC pay8 Ihg school fees for 10 thilJren siudy'ng as day schsars at the tthcd, as part of the annual rernittanc•s to DF. Remrttanc•s during 2023-2024 included £77.187 for ￿ 8erxThY ph8se ol the Vistsra renova￿nS, tuming that compound Into a home for 44 retired elderfy workers, who fequiie professional care Whi￿ still able to retain soma independen￿. A generou$ donation of 530.0¢￿ from the Elllabeth Elliott Found*ion was lorwarded by the DF HOr￿rary Secretary in the USA to Dohn8vur, sthich funded the firsl phase of the renovation it is hoped that the Vistara Home for the DF Elderly ￿11 be ¢ompleled belore the end of Odobet 2024. From June 2023, the DFC has provided Temuneration a hired Pwamme Manager, to SUFwise maiw projects. and provide detailed and timely monthly reports. Expenditure wrthln the Unlted Klngdom In 2023-2024 a total 01 £6,000 12022-2023". £19.050 - Ir￿uding a knee surwyl was paid by the charity In allowat￿s to support rel'red workers. No addli￿nI ¢CA￿m￿mentS have been m*Je to thè r•ts"r•d worf(ws in the UK in thls finan¢ial year. Th& inv8slmenl assets of the charty are intended to lund th• UK office fvTrJion and are held to wowde income for the support of the retÈred DF missionarles a￿1 olher workeys. Income from invested fvnds can also Èe us8d lo provide fundin9 for the Dohnavur Fdlow5hip where surplu5 to UK reqtjirernents. THE DOHNAVUR FELLOWSHIP CORPORATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The charity is not financially dependent on any one thnor and 9ifts dC￿a￿on9 are re¢eN¢d trom the ¢harlty's individual support•rs. Th$ amount of lega¢y income varies from year to year. Funds are adequate and availablè to meet the needs of the charity. Furmjs ar8 adequate a￿laVailable to meet Ihe needs oflhe charity. Flnanclol revlew The trustees hav8 review￿ the funds posibon at Ihe balance sheet date. The total level of funds at 31 March 2024 was £4,830,050 12022-2023". £4,482.0961. Expenditure durir4J the year totalled £348,227 12022-2023.. £252,405}, which induded £6,583 remuneialion for a new ProJe¢t Manager hired externally lo supervise new projects and train DF workers, and £77,187 towards the sec£¥)d phase of the ￿Stara Progf8mme. The results as showt) In the Stslemenl of Financial Actrvities sh￿￿ a very strong net gain 1£407,9211 durin9 2023-2024. In 2022-2023, tha Inve8tm8nts fell in ¥￿￿e by £163.S26 due lo the Utraine war. Regular monthly giving lo the DFC has continued lo dedine pxt Cowd. Otta8ion81 law donatsons are received, but legaci88 have dirninished, and are unpredictable. On 31 March 2024. the investment fijnd hdd wthin l1ast9nal￿ fvnds h&J o bg18nc* of £4.345.T13 12023.. £3,889,89018nd the balance held in other designated funds and lh¢ g¢neral W￿$¢n"¢t84 fund8 amounted lo £484,277 {2023'. £592,206). Approximately £87,000 Is required lo meet anlicip31ed capital requirements, represents'ng about 3 months, expenditure induding ramittancos lo India. The remainder is being held for the development of futuro work In India. Thè trustees, policy Is to retain wjffiaent re￿rVeS in th8 investment to genorate income on a loThJ-term and oing basls to fvnd- 1. Subsistence and wpport in eurrent and fiJbJr8 years for rgtyred *vrk¥rs, prindpajly mt88ionari•s relirnd from workirKJ within the Dohna¥ur Fellowship in India. 2. Maintenance or the office ana administrati¥e lunctK)ns. Indudiry stsff remun&ralh)n and the induction of e new DFC Administrator to the wcrt of thè Fellthvship in Indi8. 3. Other needs of the work induding provl$lon for Iravel for Indon workers In thè pasl year. wg worked ¢bsely with the US aThJ Svthzertend in particular, to emsure that m8JDr funds r￿1Ved arg sent to Ihe DF for 8pery.fic needs, in a ¢xthinated rnar￿. especially vthore major18gado$ ar9 rgcelved. If income from the investment fund is 5Utplus lo requirements. 50ffE of this may be transferr•d to th8 general fund in cfder to be available for transmissSon to India. The trU￿ee8 review the position ol the investment fvnd and reseNes annualty. Investment pollcy The Irust¢e$' investment policy is to ensure ihat the pool of monèy hekj wthin the charity is inve51ed prudenlty and profitably over the long term for the charity's ot¥'8ctives and lor tho bonefft of the Dohnavtlr Fdlowship. Tho alm is lo prowd9 a balance ¢f income and capital growth through a low-risk strategy. All of the charity's Investments are (xjrrently invested V￿th COIF Charity Funds under ihe management of CCLA Investment Management Ltd. Th• allo¢8b"on and pwfomwnce of Ihe imiestments is kepl under review. Risk management The Risk R￿lS¢er is rewewed annualty by the trustees, usualty in September. The Risk Register was reviewed 8nd updated during the trustses, meeting on 21 September 2024.The Pn"nap￿ risks Identified that would pot8nbally havè thè most impa¢t ¢n the work of the charity tt￿tinue to te.. {al a svJnificant reduction in doncr and legacy income,. Ibl unavailability of the administrator. lor example, due to illness, and Icl the Govemment of India blocking income from abroad. Th¢ FCRA¢ertrftste, allowing the Oohnavur Fdlowship to a￿sS income from abroad was renewed ti112028. The trustees rnonttor these risks and take steps to protect the tharity's Wsi￿n. The Ir￿13￿ Govemment potenbalty Nctking ino)me from atxoad is of pattwl8r COn(￿rn. The trustees have w(xked dosely wth the Dohnavur Fellowship in the last year to ensure that they are fo(lowng all governrnenl rules and regulations regardiro ihe rnanagement of the Chiklrens Hotne and ot￿1 key as￿Cts of the work, lo inimi5e the potential of regulatory dIffiC￿ltres. THE DOHNAVUR FELLOWSHIP CORPORATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for the future The fin8n¢ial position of the DFC as of 31 March 2024 is salfisladw. Th$ tnJst8es have plans to ¢h3ng¢ Iha charitsblg company'5 airns and key objecb'ves for the futu￿, or to make any fundamental changès to the way5 in which they aim to achieve them. The trustees cx)nbnue to coMmun￿￿e by email and ￿atsApp Microsoft Teams Is béing install•d for Sho￿ng olfiles. though scmne training is required for better efficiency. The trustees continue to be MO￿ direct in talkn.ng ab￿rt ¢urrÈnt fundirvJ needs don0￿ in the UK. In India.. In 2017-18. an Organisational Audit of the DF by the chrisb.an InstitLrte of Management Iclhlll in Chenn8i, formed the basis for 8 major 1cm￿terM tharMJe process is $th"Il ongoing. This was initiated and fundéd by thè DFC. ful DF approval. The Oohnavur Fdlowship's Vision, Mission, business practs'ces and operating pmcedures were rewsitÈd ov8r a peri(MJ of time. The purpose was lo refocus its core work with children, the sick and d•strtute, ￿nbraCIng th& rèalib.es and stsndards of care under the Government of India regulations in the 21st century, while iemaining fimily rooted in the Christian eth05 ofAmy C8rmioha81 from 1900 on. Tne trustees continue to work dosety ¥wth the Dohnavur F8lltr•tship in supporting and advlsing them ￿ n or ethanced programme8 and initiat'ves, induding the appointment of key Wotkers from outside th? DF, to nsure that government 5tand8rds. as ￿11 as the DF'S callirg, are pr&sent and proclked at wery l&vd. Asenlor HR ¢onsultsnl in Human Rgswrc•s #nd Organisational Development has been hired by th8 DF on rètainer basis. His visits to the OF a￿ now on¢e a month for Ihree full days. He also works at distance frorn Chennai. Aweekly Management meetin9 tsnsures progress rJ)ntinues in accountats'lity. Iransparency and communication. Other extsrnal Indian a￿1$01S w)th"nue lo ¢108ely wlh Ihe DF ￿adership and Managing Committee, teaching systems and processes to enharth wo￿. In th{$ rwting petlod Ihero is 8 fows ¢n Im￿eMenting the Home Rules lo Govemment required standards, ond rworklng lob descnptions for the worker8 thin the Home. N9w and updated safeguardirKJ measures for children and all residents and visitors have been established and im ￿eMented. Further advice In gOVtrnèn¢e. ffinarKe. m*n8gement and devesopmont practices pertinent to the work of th8 DF continue tts be sought by the OF leadership from well-known and well.respected Christian Indlan experts In their fleld. The DF LeadwJhiD's Manaoinq Committee was re-purwed and r&eleeted al theirAGM in August 2023. Vasanlhi, One of Ihe Cornmittee Members, will ￿mplete a Masters In Social W)rk In Decamb8r 2024, w￿￿ will énabltr her io prowde official oversight to ￿ ChI￿ren'$ HomelAfter Care home from January 2025, as r¢qulrer being Satssfied that they give a true and fail vivw. amd for gjch intemaj control as the trustees determine is necessary to enaNe the preparation ol financial statements that are f¥ee from m*$rial mlssialernent, Vrt￿ther due to fraud or ror. In prtparing the finar￿la1 stat￿￿nts. trustees are responsible for asse￿ng the challty's ability lo continue as a going concem. disclosing, as applicabje. matters related to goin9 ¢￿eM and using the going concem basis of accounting unless the trltstees either thI￿d to ITquidate the charitable company or to C885e Operatic￿8. or have no realists"c attem8twe but to do so. Audttorf$ responsiblltties for the audlt of the financlal 8tstements We hav6 been appointed 0$ auditor urKler secb'on 144 of th* Charib"esAct 2011 and report in accordanc• wlth th8 Act and ralevant regulaih)ns mad& or having effed thereund•r. Our obl￿tIveS are io obtain reasona￿¢ assuran￿ about vhthr ts fIna￿al Statements as a whole are free from material misststement, vknethef due to fraud LY etyc*. and to i8sue an a￿lit0￿5 r8POrt thal includes our opinion. Rèasonab16 assurancè is a hvJh lev¢1 of assuran￿ t￿rt is nol a gLtarant¢& that an a￿Yrt conducted in accordanc wllh ISA$ IUKI will always detect a maleri&l misstatement when it exists. Misst3tèm•nls can arise from fraud or error and arè ¢on&dered material il, individualty or in thè ag9regale, they could reasonably be expe¢led lo Influer￿0 th8 econom￿ d¢¢lsions of users tsken on the ba%s 0fth￿ financial statements. Irregularrtie8. including fraud, are instsnce8 of nonal Reporbrtg Council's website at https."Il www.frC.￿.uk18uditors[eSPon￿￿1rtle$. ThK% d¢￿ption fomis part ofoui atxliW5 report. THE DOHNAVUR FELLOWSHIP CORPORATION INDEPENDENT AUDITOR'S REPORT {CONTINUED} TO THE TRUSTEES OF THE DOHNAVUR FELLOWSHIP CORPORATION Othar matt•rs wthlch wg are required to addrass The finanryal statements of The D¢*navur Feuowty CoryKwab"on ysar ¢ntJ¢d 31 March 2023 were audited. Usa of our rnport Thls report 15 made 501ely to the charity's trustees. as a body. in accordance %Mlh part 4 of the Charities (Accounts and Reports} Regulations 2008. Our aL*Jrt work hgs b8en undertaken so that we might state to th8 charitys truste85 those matters we ai8 rtrquired lo state lo them in an a￿lit0￿S report and for no other purpose. To the fvllesl extent permitted by law, we do not accept or assume responsit¥lity to anyone other than the charity aNI thè charty s tru81ees as a body, for our audit work. lor this report, or for U)e D￿nK)n5 w8 have formed. Robln Evans BA FCA CTA DChA IS•nlor Statutory Audltc*r) for and on b•half ol Sumsr Audlt Chartored A¢¢ountants Stslutory Auditor Worthlng Surn•r Audlt 18 th• trAdlng name of Sum•rAudlt¢o Umltod THE DOHNAVUR FELLOWSHIP CORPORATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted Unrostricted funds funds 2024 2023 ncom Donations and leg8UeS Other Ir8ding activil'es Inveslrnents Other incorna 176,622 49,201 103,017 8.621 92.350 14,068 Totsl In¢om• 288,260 155,626 Chantabla 8ctiwlie& 348.227 252,405 Nel gainslllossesl on investments 10 407,921 1163,5261 N•t rnov•m•nt In funds 347.954 1280,3051 Fund balances at 1 Aprfl 2023 4,482,096 4,742,401 Fund balanc¢$ at 31 M•rch 2024 4,830,050 4,482,096 The slalement of finanual 8¢tNItiè8 includgs 011 gains losses recowis8d in the year. AJI InrL)me gnd expènditure derfve from continuing 8ctivrf*8. The statement of finanoal activ￿e8 also comFlkn$ wth the requirements for an In¢cAne and expenditure account under the CcmpaniasAct 20C6. All funds rertkn8d In sedon 47T dthe Cornp8nles Act 2006. fL* th8 yvar 8FMl•J 31 Morth 2024. 8lthwJh an ho¥ wdgr #Gllon 144 of th• Chtho$ Ad 2011. dlrectrws •th￿l8d0& thdr r•¥th*lblitios tr cThWng the of the Act 200e wlth respect to Sc￿undng reetrds$rKI thg wgpar41on of f￿￿¢(81 stA*m￿LS. ofth• Cornp8nkn¥ 2006. forth•￿1￿ acWd¢￿W1th 476. Thw fnandsl 8tRtem8nts been We￿Ied In the appfKth b t*mpJths wbl•ct J smollconwles r•glm I Stateme￿we1t aFpo￿d tythb 12 November 2024 S Ewavre Ichatrl 11 THE DOHNAVUR FELLOWSHIP CORPORATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting pollcSes Charlty informatlon The Dohnavur Fellowship Corporation is a wivate company limited by guarantee inoNporated in England arKI e$. The registered office isAmeli8 House. Crescent Road. Worlhing, ￿5t Sussex, 8N11 1 RL. 1.1 Accountlng conventlon The financial stalernenls have t¢en yepared in accof¢Jance wlth th¢ Charitys goveming docJJment. th Companles Act 20Cfj and 'AcccyJnlirwJ and Rwbng by Charilies." Sta1￿7e￿I of Recommended Practice applicable to thar￿.e3 preparing their a¢¢￿nts in acurdarte vAth the Finan¢r¥l Reporting Standard applicable in Ihe UK and Republtc of IrelaThJ IFRS 1021 {effecthve l January 20191" charty Is 8 Pth)Itc Benefit Entity as defin•d by FRS 102. charity has taken advanlage of the provisions ￿ the SORP ts ¢harlUes apF4ying FRS 102 Updats Bulk*b"n 1 not to prepare a Statement of CaBh Flows. The fin8nclal ststoments are prepar*1 in sledlro, whKh 18 the fijnctional ¢urrow of th6 tslarity. Monetary 8mounts in Ihase fln8n¢k•l Statements are rounded lo the nearest £1. The finarnbal stslements have been prepared under the historKal cost C￿nventiOn. modifièd to Indude flxed asset investments al falr v81ue. Th8 fvThcipal ￿￿￿"n9 pol￿1￿$ &Yoptèd are set out tdow. 1.2 Golng concern At Ihe time of approving the financial stalements, the tru8lees have a reascfflabfé •xpè¢t8lion that thé charity has ad8qualg r¢$ource8 to continue in operational exstertt for the fore$99able fvlure. The trustees have cnn$ld9r•d rdetvant inl*)mi8llon, w)clu(krg ts Impact of subsequent evenls, in makin9 Iholr assessment. Based on these assessments an¢ hawrrfJ regard to the resources 8vall¥lle to the entsty, the trustees hav concluded that there is no material uncertainty in relation lo the aFproprfat¢ne55 Ot continuing lo adopt tha going c(M)¢em ba8is in preparing th8 ¥¢ount$. 1.3 Charltable funds Unrestricted funds are avaiL9blè fcff use gt th• discretion of the trustees in fUrther9n￿ of their Charitable o*'edives. Designated funds compris8 funds which have been set asidè at the dis¢r¢tffi of the trustees for stecific purwses. The purposes and uses of the desKJnated fvJThJs are set out in the notes lo the financial statements. Re$trieted funds aTe subject to spe(Jfie (xjndilions by thnors 8$ lo they be us&J. The purrxss88 and uses of the restricted funds ar• sat out in the notes to the financial statements. 1.4 Income Income 15 rec(yJnised when the tharity Is legalty entiJed to it after any ￿rf0M)0nCo Conditions have been met, the amounts ¢an be measured rel￿￿, arwj Tt 1$ wobakAe that Ir￿ne will be receNè(J. Cash donations are recognised on receipt. Other donab.ons art recognlsed once the chanty has been notified of the don81ion, unless perforna￿e ¢￿￿l￿On$ Tequire defwal of the amount. Income lax recoverable in lation lo don81ions received uTrJer G￿Aid or deeds of ￿enant is recognised at the tirne of the donation. Legaues are reco9nisad on receipt or ctherwise Tl the dwrity has been notified of an impending dstribution, the amount is known, and receipt is eypected. If amount is not kr￿. Ihe legacy is tr•al&d as o Gonlngent asset. 12- THE DOHNAVUR FELLOWSHIP CORPORATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 A¢¢oynting pollcles IContlnu•dl 1.5 Expenditure Expernditure is recognised once there is a leg￿ or construthe Obligati￿ lo transfer eo)nomic benefit to a third paty. 11 is probaNe that a transfer of ecwrnic benefrts wll be required in setuement. and the amount ol the obligotion ¢8n be measuTed reliabty. Expenditure is classified by aciNty. The cosis ol 8￿h a¢lryrty are made up of the total of dir&1 costs and shared costs. induding support ¢osls inVo￿ed in undertakn.ng èath 8th'vity. Direct costs attributat4e to a single activity are allocated diredty to Ihal acbvity. Shared costs vA)i¢h ¢ontn"bute to rnore than one acbvity and support costs which 8re not attn"butabl& to a gngle activity are appOrt￿6d bètwwi those actNilie6 on a basis consistent with the use of reSoUr￿s. Central staff costs are allocated on the basis of time spent, and depr8CAati￿ charges are allocated on p￿ic￿ ol the 088et's use. Expenditur• relatlng to tharitable aCtiWti￿ 1$ irKILwW In the Statement of FinarKig1 Acbvthes on an accruals ba818. Govemance costs i￿lude amounts Incurred in resp8¢t of the running of the charity as an ¢xganl$allon, InGluding general management. admini8tration, legal and cor*kn"tuOonal mattets. Support ¢osts Indude c4Jnsurtarw and adrniniStrab￿ costs it)oJrred lo suroort governan￿, together Ihts co$1 of 9¢￿ra1 management inclLJding office ¢0818. 1.6 Tanglble flx•d assets Tangiblè flx9d assets are inth'ally measured 81 cosl arKI Subsery￿ M￿SUrel at cost or valuation, n8101 depreciation and any Impairmenl losse8. Depreeiation iyt re￿nISed so as to *rile off t1￿ L(l>t ur ¥￿lu￿l￿￿I ul a¥¥¥t¥ ￿¥¥ Ihe*r re8klual values over thar useful Ilves on the following bases.. L8asehol¢J buildings Fixtures and fittings 125 years on a stra&ht Ilne basés over the tèm ofth8 leasa 8% strai9hl line per annum Thg galn or I￿6 arfslrrfj on the disposgl of ¥n 88Set ts detennlned gs ihè dtfference betsveen the sal8 proceeds an¢J tha carrying value of the assth, 8nd is reC￿gnIsed in th& statwnenl of fiftan¢ial activitr'e5. 1.7 Flxod 488•t Investmer)ts Fixed asset investments a￿ inrtially rneayj￿ at trar￿1￿)n price excluding transocts.on costs. and are 5ub8eouently measured at fair v81ue al eath re￿r11n9 dat¢. Changes in fair value ar• r•cognised In nel In¢omellexpenditurel for th• year. Tran8adKJn costs are expensed as irKurred. 1.8 Impalmient of ffixed asset8 At each reporting end dale, th¢ tharity reviews the ca￿"n9 arn￿nts ¢f its tangible assets to deteminè helher there is any indication that those a55ets have SLtsed an impawmenl loss. If any such indkatlon exists, thè reCoVera￿e amount of the asset is estimated in order to détemine the extent ol the impairment loss lrfanyi. 1.9 Stocks Stccks a￿ stated atlhe IowET of cost and gsbmated selling pr￿e less costs lo comrjete and sell. 1.10 Cash and cash equlvalents Cash and cash equivaknts induth cash in hand and depo* h¢kJ at call vthh banks. 13- THE DOHNAVUR FELLOWSHIP CORPORATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AccountSng polklos Icontlnuedl 1.11 Flnan¢ial instruments charity has els¢tod 1¢ apply the pyovisions of SÈth"on 11 '8asic Financial Instruments, and Section 12 'other Financial InstnJm&nts IS￿5, of FRS 102 to all ol its finan¢ial instruments. Finan¢lal Sn81ruments are recc4JThsed in the oX4rtyS balar￿ sheet chaxty tr*come8 paty lo the contractual provisions of the inslrument. Financial assets and liabilth ere offsei, the net amounts wesented in the financial statem&*s, when there is a legally enfuce8bl$ right 1¢ set off the recogiN9￿ amounts ¥nd thero 1$ an intention lo settle on a nel basis or lo realise the asset arKJ 58tt18 ￿ li8bilrfy 8imultanecyJsly. B•sle Ilnanclalassets Basic finanaal assets ore Initialty measured at transacb'c•) w¢e I[￿Ul$n9 transaction ojsts and are subsequently carried at amortised cost usrg the effectNe int&rest Mott￿ unless the arrangement con5tilules a ffinancing transaction. where the Iransa¢tiM is measured at the presènl v8lLre of the futurè receipts discounted 81 a market rate of interest. Finandal assets das8)f￿d as rewvable within one year are nol ami*sed. Baslc Ilnan¢l•lll•bllltles 89$1¢ financial liabilities ar¢ initially rI￿nIS￿d •t tron8acb.cffl prt￿ unl•s$ tho arraryement wnsUlute8 a finanrAng Iransaclion, where the debt instrumenl is rneasU￿d at the presènl value of the ftrture payments discounted at a market rate of interest. Finandal liabilib'es classified as payabl& wthin one year are not amortised. Debt instnJment8 are subsequenty eanied at am¢xtssod Cost. u*'NJ the effedve Intere81 rate mathod. Crftlcal accounung ￿tIMat*S ènd Judgem•nts In the appllcetlon oflhe charty's accounling pdicies. thè truste￿ a￿ required to make judgements, estimates and assumptions about the Carrying amounl ol assets and Irabilthes that are nol reath'ly apparent from other s¢urces. The es*'mat¢s and aswciated 83surnpbons are based ￿ hi*ori¢al experierKe and other f￿OrS that are considered to bè re18vant. Actt￿l results rnay drffer from these e5b"mates. The eslimales and underfying assumpuons are revie4￿d an oro(MrKJ basis. Rowsk)n$ lo aL￿Un￿ estimates are recognised in the period in which the estimale is ievised ¥the￿ tho revi&on affe¢l$ ¢mly that portod, or in the period of the revison and future ￿n¢d$ where the revi￿0￿ affects both currènt and fulurtr periods. Donatlons and lègaci Unrestrlcted Unrestrkted funds funds 2024 2023 Donations and gifts Legacies receivable 37,¥27 138.695 44,644 4,557 176,622 49,201 14_ THE DOHNAVUR FELLOWSHIP CORPORATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Inv•stmènts Unrestrkted Unrestricted funds nd$ 2024 2023 Investment income Interest recewable 83.651 19.368 8S,043 7,307 103,017 92.350 Otherlncorne UnrostrIct￿ Unrn8trl¢tod fiind• funds 2024 2023 Royaldg$ 6,821 14,088 Exp*￿￿1(u￿ oli Llidi1l¥￿1¥ 4¥il¥lll¥¥ Charltabl& Charltabl 8xp*ndfture •xpendlture 2024 2023 Dlrn¢t ¢osts Depreryalion and impairniont Remittanc•s lo India Albwances to retired ml$*inaries 1,572 296.718 6.000 1,572 201,SS0 19,050 304,290 222,172 Share of $upport and governanc• costs (see note 71 Support Governance 32.027 11,910 25.793 4.440 348,227 2S2.405 Analysis by fund U￿eStrICted funds 348,227 252.405 15- THE DOHNAVUR FELLOWSHIP CORPORATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Support Costs Support Governanc• costs 2024 Support Governance costs costs 2023 Admjnistration. management 8nd communication sèNI Office costs Insurance Bank ¢horges 21.080 10.265 21.080 10,265 17.699 7.460 419 215 17.699 7.460 419 215 218 218 Independent axamln¢r fees Audll & accounlancy fees 4,440 4,440 11.910 11.910 32.027 11.910 43,837 25.793 30,233 Analysed befvdeen Charitsble activitie8 32,027 11,910 43,937 25.793 4,44Q 30,233 Govemance cost$ indud•s 8cwJnt•ncy f888 of £3,OW12023". £2,380) and audit fees of £8,91012023.' £Nil). Independent ex8mlner lees in the prewous per￿ indud& fee3 rd*tng lo the indynd8nt exam5nats.on of £1,600. and lees relatiThJ lo ac¢wnls preparnbon of £2,360. Truste88 N(￿e of the Iru$lee$ lor any persons conr*de0 1115UI 4,731 185,243 110,6891 1287,2141 103.174 164,7161 97,216 387,081 553,748 4.482,098 288,260 1348,2271 407.921 4.830,050 Prevlous year. At 1 Aprfl Incoming 2022 resourcas Resourcos owpended Trnnsfers Galns and At 31 March los8•5 2023 Investment fund Publications fuN Sanlhosha Vidhyalya boys. slel fund Ger)8ral funds 3,968,144 135.C61 1213.3151 3,889,890 24,403 14.057 1652} 37.808 650 749.204 650 553.748 6.508 138,4381 {163.526) 4.742,401 155,626 1252.4051 {163.5261 4.482,096 18- THE DOHNAVUR FELLOWSHIP CORPORATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 16 Unrestrlct8d funds IContlnu•dl The charity has four de￿gnated lund5. the invesiment fund, the put4i¢abons fiJnd aThY the Santhosha hyalaya ￿ys. hostel fund. The investment fund provides Inc￿Me from long-temi investsnents that is used prlncipally for the charity's duty of care for fomtrr Dohnavur mi8sionaiies and other UK-base