Charity number: 291167 Company number: 1476225 HAMILTON-EDDY&Co Chart•r•d P&oountsnt D W W••d•n FGI 39Tamworth Road. Croy(kn. Surr8y CRO1XU TL'I 020 8688 9264 Fdx 020 8688 5292 Email davlthB*amllton.eddy.co.uk Tmvxhamilton-eddy.oJ.uk India Development Group (U.K.) Limited {A eompany limited by guarAntee) Jeevika Trust Trustee's report and financial statements for the year ended 31 Mareh 2024 ACLQUNTANT5
India Development Group (U.K.) Limited (A company limited by guarantee) Colltents Page Legal and administrative inforniation Trustee's report Independent examiners, report Statement of financial activities Statement of financial position Notes to the financial statements 9-15
India Development Group (U.K) Limited (A company limited by guarantee) Legal and administrative inforniation Charity number 291167 Company registration number 1476225 Business addres8 44 Islingword Place Brighton BN2 9XH Registered office 39 Tamworth Road Croydon Surrey CRO IXU Trustee Richard Gupwell Andrew Redpath Raj Sitlani Thomas Lindsey Libby Cooper Amlika Lal Gourang Agrawal David Bottomley l.orna Gower Vipan Bij Resigned 0211112023 Appointed 2610612024 Cblef exeeutlve Mark Roberts Independent Examlner David Weeden Accountsnts Hamilton-Eddy & Co. Chartered Accountant 39 Tamworth Road Croydon Surrey CRO IXU Bankers The Co-operative Bank Page I
India Development Group (U.K.) Limited (A company limited by guarantee) Report of the trustee (incorporating the director's report) for the year ended 31 March 2024 The trustee presents his report and the financial statements for the year ended 31 March 2024. The trustees. who are also diTectors of India Development Group (U.K.) l.imited for the purposes of company law and who served during thc year and up to the date of this report are set out on pag¢ l. Strncture? govern&nce and management The charity is constituted as a compaT]y limited by guarantee, and is therefore governed by a Memorandum and Articles of Association. The charity is governed and managed by the trustees who are elected by the members. Current directors and trustees are shown on page l. The trustees have complied with the duty in section 4 of the Companies Act 2006 to have regard to the public benefit guidance published by the Charity Commission. Objectlves and actlvfities The charity's objectives and principal activity is to combat poverty and unemployment in rural areas of India by working with villagers to provide the appropriate resources and expcrtise to help them achieve environmental and economic sustainability in the face of the increasing challenges posed by climate change. The charity achieves this objective by working with pcople on the margins of rural society - low-caste and tribal people, especially women - to help th¢m build and SU8thin their livclihoods. We undertake these projects with Indian partners in several stat¢s who work closely with their communities through self-li¢lp groups. A¢hlevementJ #Dd perforn]ance Jeevika has continued to work on developing a sustainable Smart Farni model through its main project activity "Smart Fam India aiming to at least double the incomes of small farniers and food producer.s. Partn¢rs have included Brunel University, Jeevan Rekha Parishad, Kh¢yti (low cost greenhouses), Social Change and Development (SCAD), Ice Make India Ltd, Department of Agriculture and Farniers Empowennent (Govt. of Odisha) and many others who are supporting and working with us to develop our Smart Fami demonstration projects and initiatives. Smart Farn]ing is the application of digital inforniation systems and other agriculture related technologies designed to make faming both sustainable and highly productive - and we aim to make these opportunities accessible to small impoverished farniers. We believe that building partnerships between the corporate, NGO, academic and State {in¢luding at District and local Panchayat levels) sectors will provide a higher quality of life for farniers and their families, using wide-ranging technologies throughout the agricultural value chain These include Controlled Environment Agriculture, Chill_chain Management, and the effective uptak¢ of online resources. These integrate the use of green energy sources, which together can ensure the quality of produce, ruce food wastage and pemit access to wider markets to improve commercial viability. while making a significant contribution to actton against climate chang¢. During the year we continued to deliver our demonstration project using low cost greenhouses, linked to our solar cold storage. digital empowernient training and marketing initiatives for small fanners. This is being extended to include Proof of Concept (Poc) initiatives designed to rigorously test production techniques. optimi7.e market alignmentlefficiency and demonstrdte improved returns. Trials are being carried out starting with mushroom production before further scaling takes place. Page 2
India Development Group (U.K.) Limlted (A company limited by guarantee) Report of the trustee (ineorporating the director's report) for the year ended 31 March 2024 F.ventu2lly we hope to attract larger scale commercial investors by encouraging them to see the opportunities offered by working with small farniers. We also completed project WELL an integrated water management project bringing clean water. improved sanitation and new livelihood opportunities Created by better IlgatIOn and fish farming initiatives for 480 tribal villagers. The organisation also continues to channel support to partner organisations Social Change and Development (SCAD) for cnvironm¢ntal and tree planting activities and Akshaya Kshetram (AK) to provide care for people with special needs. Fulure Plans In the coming period we will continue to strengthen and improve our Proof of Concept initiatives and will crcatc a new research project to identify successful Smart Farni projects in India and beyond in order to see how these can be incorporated into our existing activities by working with new partners in the NGO, corporate, lo¢al government and acadcmic research sectors. Financhal review The Slalement of Financial Activities for the year ended 31 March 2024 shows a net surplus for the year of £7,379 (2023.. deficit £9,412), this is added to the sUlUS fijnds brought fonvard of £42.886 from the previous year. The total funds Caled forward of £50,265 comprises £22,928 of restricted ndS (2023.. £14,624) and £27.337 of unrestricted funds (2023.. £28,262). Statement of trust¢es' responslbllitles The trustees (who are also directors of India Dcvclopment Group (U.K.) Limited for the purpose of company law) are responsible for preparing the Trustees, Annual Report and the financial statemenls in accordance wilh applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial stat¢ments for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the Charitable company for that period. In preparing these financial statem¢nts, the trustees are required to.. select suitable accounting policies and then apply them ¢on51Stently' observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent, state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial slat¢ments on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitabl¢ cotnpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small Company provisions This report has been prepared in accordance with the special provisions for small Companies under Part 15 of the Companies Act 2006. Page 3
India Development Group (U.K.) Limited (A eompany Ixmited by guarantee) Report of the trustee (ineorporating the director's report) for the year ended 31 March 2024 This report was approved by the Board on 5 December 2024 and signed on its behalf by Raj Sitlanl Director Page 4
India Development Group (U.IL) Limited (A company limited by guarantee) Independent examiner's report to the trustees on the unaudited financial statements of India Development Group (U.K) Limited. I report on th¢ accounts of India Development Group (U.K.) Limited for the year ended 31 March 2024 set out on pag¢s 2tol5. Respective responsibilities of trustees and independent examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's truste¢s consider that an audit is not required for this year und¢r section 144(2) of the Charities Act 2011 (the 201 l Act) and that an independent examiT]ation is needed. l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in F.ngland and Wales. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to.. examine the a¢¢ounts under section 145 of the 2011 Act. to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act; and to state whether particular matters have come to my attention. Basls of Independent examlner's statement My examination was carried out in accordance wtth the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and the seeking of explanaiion5 from you as trustee5 Concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently. no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention.. (i) which 8iv¢s me reasonable cause ro believe that in any material r¢5pect the requirements.. to keep proper accounting records in accordance with section 386 of the Companie$ Act 2006. and to prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of th¢ Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have noi been met. or (li) to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. David Weeden F.C.A. Independent examiner Hamilton-Eddy & Co. Chartered Accountants 39 Tamworth Road Croydon CRO IXU 5 December 2024 Page 5
India Development Group {U.IL) Limited (A company limited by guarantee) Statement of financial actlvities (incorporating the income and expenditure account) For the year ended 31 March 2024 Unrestricted Restrleted funds funds 2024 Totsl 2023 Total Notes Incoming resources Incoming resources from generating funds.. Voluntary income 7,297 25.533 32,830 22,757 Total fineomlng resources 7,297 25.533 32.830 22,757 Resour¢es expended Costs of generating funds.. Cost of generating voluntary income Charitable activities Governance and administration costs Total re80urces expended 1,870 5,220 1.020 .375 15,966 3,245 21,186 1,020 ,200 29,599 1,370 8,110 17.34 25,451 32,169 Net IncomAngl(outgofing) resourcej before transfers (813) 8,192 7.379 (9,412) Transfer between funds (112) 112 Net movement in fund8 (925) 8,304 7.379 (9,412) Total funds brought forward Total funds evdrrfied forward 28,262 14.624 42,886 52,298 27,337 22,928 50,265 42,886 The notes on pages 9 to 15 forni an integral part of these financial ststements. Page 6
India Development Group (U.K.) Limlted (A company limited by guarantee) Statement of financial position as at 31 March 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 938 52,287 938 44,708 53,225 Creditors: Ydmounts fallfing due within One year Net current assets 45.646 12 (2,960) (2,760) 50,265 42,886 Net assets 50,265 42,886 Funds Restricted income funds Unrestricted income funds 13 22,928 27,337 14,624 28,262 Total fund$ 50,265 42,886 The statement of financial position continues on the following page. The notes on pages 9 to IS form an integral part of these nnaneial statements. Page 7
India Development Group (U.K.) Limited (A company limited by guarantee) Statement of financial position (continued) Trustee statements required by the Companies Act 2006 for the year ended 31 March 2024 In approving these financial statements as trustee of the company I hereby confirni.. (a) that for the year stated above the company was cntitled to the exemptiOTJ conferred by 5¢Ction 477 of the Companies Act 2006 . (b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 queSting that an audit be conducted for the year ended 31 March 2024. (c) that the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to the accounting records and the preparation of ftnancial ststements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland, The financial statements were approved by thc board on 5 Dc¢¢mber 2024 and signed on its behalf by Raj Sitlanfi Direetor Company number: 1476225 The notes on pages 9 to 15 form an integral part of these financial ststements. Page 8
India Development Group (U.K.) Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 General Infomation The company is a private company, limited by guarantee. registered in England. The address of the registered ofrice is 39 Tarnworth Road. Croydon, Surrey, CRO I XU ststemeDt of eompliaD¢e These financial statements hav¢ been pepared in compliance with the provisions of FRS 102. Section l A. The Finan¢ial R¢oprting Standard applicable in the UK and Republic of Ireland,. Accounting policles The principal accounting policies are summarised below. The accounting policie5 have been applied consist¢ntly throughout the year and the preceding year. Bagis of Accounting The financial statements have be¢n prepared under thc historical cost basls. The financial statements are prepared in sterling) which is the nCtIOnal currency of the entity. 3.2. Going coneern There are no material uncertainties about the charitys ability to continue. 3.3. Incomlng resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable aecura¢y. The following specific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when r¢ceivable. Grants where entitlement is not conditional on the deliv¢ry of a specific perforn)ance by the Charity, are recognised when the charity become5 unconditionally entitled to the grant, Donated services and facilities are included at th¢ value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Page 9
India Development Group (U.IL) Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 Mareh 2024 3.4. Resources expended Expenditure is recognised on an accrual basis as a liability is incued. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the Costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocat¢d directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those costs incurred dtrectly in support of expenditure on the objects of the charity and include project management. VoluntAry Ineome Unrestrlcted Restricted funds funds 2024 Total 2023 Total Donations Received - Members & Friends Donations Received Trusts & Institutions 7,297 7.070 18,463 14,367 18.463 11,959 10.798 7,297 25,533 32,830 22,757 Cost of generAting voluntsry Income Unrestricted Reslrleted nds funds 2024 Total 2023 Total Funding Development OtTicer 1,870 1,375 3,245 ,200 1,870 1,375 3,245 .200 Page 10
India Development Group (U.K.) Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Costs of charitable actlvitles - Programmes in India Unrestricted Restricted funds fund$ 2024 Total 2023 Total Grants to projects in India SCAD - Nirnian Trust Jeevan Rekha Parishad Project costs Project Management and Consultancy Project Development Insurance IT 1,679 11.114 1,679 2.950 18,155 4.000 266 184 770 4,000 3,439 184 770 5,800 1,600 253 841 3,173 5,220 15,966 21,186 29,599 Governance and admlnlstratlon costs Unrestrleted funds 2024 Total 2023 Total Accountancy fees Independent Examiners Fec5 General cxp¢nses 510 510 510 510 469 469 432 1,020 1,020 ,370 Net Ineomlngl(outgoing) resources for the year 2024 2023 Net incomingl(outgoing) resources is stated after char8in8'. Independent Examinerfs Fee F¢es for Accountancy work in addition to abov¢ 510 510 469 469 Page 11
India Development Group (U.K.) Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 Employees and consultants Employment costs 2024 2023 Salaries & consultancy fees 10,684 8,600 10,684 8,600 No cmployee received emoluments of more than £60,000 (2023 .. Non¢). Number of employeeslconsultants The average monthly numbers of employeeslconsultants during the year was as follows.. 2024 Number 2023 Number Part time administration. fundraising & project consultants None of the trustees received remuneration for this year or the previous year. 10. Taxation The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, ther¢ is no tsxation charge in these accounts. 11. Debtors 2024 2023 Other debtors 938 938 12. Creditors: amounts falllng due Jvithin one year 2024 2023 Accruals 2,960 2,760 Page 12
India Development Group (U.K.) Limxted (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 13. Analysis of net assets between funds Unrestricted Restrlcted funds funds Total funds Fund balances at 31 March 2024 as represented by: Cuent assets Current liabilities 30.297 (2.960) 22,928 53,225 (2.960) 27.337 22.928 50,265 14. Unrestrlcted funds At l Aprll Incomfftng Outgolng 2023 resources resources Transfer$ At 31 March 2024 General Fund 28.262 7,297 (8,110) (112) 27,337 Purposes of unrestrlcted fund8 The General Fund is set up to finance the general day to day running costs of the charity. Page 13
India Development Group (U.K.) Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 Mareh 2024 IS. Restricted funds At l Aprll Ineomlng Outgoing 2023 resourees resources At 31 March 2024 Transfers SNAPS Smart Fam) India SCAD- Social Change and Development Solar Tech Cold Chain Management Project Akshaya Kshetram (AK) Website and Communications development 4,000 10,000 4,463 (3,035) (4,535) (4,963) {1,355) 965 4.110 500 2,648 (2.260) (388) 13,331 2,070 5,000 15,401 2.452 (2,548) 14,624 25,533 (17,341) 112 22.928 Indlan Partners MF JRP WORD SCAD Mithra Foundation Jeevan R¢kha Parishad Women's Organlzation for Rural Soclal Change and Dev¢lopment Purposes of restrleted funds Rural livelihood "Smgrt Fam" and other projrfts Include: I. SNAPS To enhance menstrual hygiene practices by providing arcessible, affordable, and hygienic sanitary napkins to tribal women. To foster awar¢n¢ss and destigmatize menstruation through education sesslons and community discussions. 2. Smart Farm Indla Training, Research and Development (inc. Low-cost greenhouses) Developing appropriate technology for the 213t century to address poverty in the context of the ever-increasing impact of climate change on rural livelihoods. This includes building partnerships to link technologies such as controlled environment agriculture. solar cold storage, and rural inforniation systems. The project is also developing a database of smart farni solutions, new website, and training resource hub. 3. SCAD - Social Change and Development Funded by individual and corporate donors our local parther SCAD is undertaking environmental and local relief work for those most impacted by poverty- nomadic gypsi¢Sy persons affected by lepr05y, orphans, elders, and migrant workers. 4. Solar Tech Cold Chain Management Project runded by Brunel University and UK Rescarch and Innovation (UKRI). The project led by Jeevika is being developed with several partners including Brunel University. The work is being undertaken in three phases A. Market assessment for solar powered cold storage and I st mile distribution system for horticulture products in Odisha (completed 2021) B. Pilot Testing and demonstration of the Sol-Tech technology in Odisha (underway) C. Comm¢rcialisation and funher d¢v¢lopm¢nt of the Sol-Tech technology in Odisha (planned) Page 14
India Development Group (U.IL) Limited (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2024 5. Akshaya Kshetram (AK) ThTS is a centre for people with special needs based in Tirupati, Andhra Pradesh which provid¢s residential care to persons with special necds. with a focus on mental health. 6. Website and Communieations development This is a project funded by an individual donor designed to strengthen Je¢vika's communications and online presence through an updated website, social media and outreach 16. Company Ilmited by guarantee India Development Group (U.K.) Limited is a company limited by guarantee and accordingly does not have a shar¢ capital. Every member of the company undertakes to contrtbute such amount as may be required not exceeding £1 to the assets of the ¢haritabl¢ company in the event of its being wound up while he or she is a member. or within one year after he or sh¢ ceases to be a member. Page 15