Frontline Development Company Limited by Guarantee Trustees, Annual report (Incorporating the Directorfs Report) Year ended 31 October 2022 Objectlves and actlvltlos The Charity's objects {"Obiects"l are the allevkation and relf of rM)vety and hardship. and the promotion of education and health arrKJng children and young adutts in India and such other developing countries as may seem appropnatè from ts"rr* to time by: provbjing financial support to build schcK¢ls. employ leaching and support staff, purchase unif0m. books and materials, prOVe f(X and ndal care in a caring and secure environment. 2. provide training and other support se$ 3. provide small grants for further training and micro finance to assist the establishment of small enterprises. The charity trustees confirm due regard has been paid to the publ benefit guidance published by the Charity Commission for Northem IreLand. Achlwomènts and rIorMance The dominant theme in this financial year continued to be Covid but thankfulty life after Covid as many of our students, frdmilies ty to rebuild their lives and their finartt after a very drfficull couple of years. One key factors in this has been the retum to sch1 and the reLaunch of free education at UCCI'S main site in Kethanakonda AP. In last yearfs report we mentioned the Fossibility of a significant change due to the UCCI school in Hyderabad being closed. This school had been our main focus for many years, but we understood thal there was increasing difficulties with the site. Ouring the year UCCI sold the school site and as a have been abk to reinvest £200.000 from the sale on improving frac41e$ in Kethenakonda their main srte. These faciltties will serve not onty the students we sponsor but others stutying in hKJher dasses which we a glad to see. As a result of the sale plus the lengthy Covid closure all of the children we now supwrt are new students in KethenakoTrJa. Some 280 children aged 4 to 14 are aladY attending the school. This has been very encouraging. and it is planned to develop the use of English as the primary medium of teaching which is very important in South India where English is generalty the comrTh)n language of quality and higher education. As students have returned. we have increased our supwrt for the school and hope to maintsin this higher level in the year ahead. Already we have noted the management of the school to be much rn0 effective and enthuskistic in contrast to the drffiujfaes with the previous location in Hyderabad. As 2YS, we are deepty grateful to our sponsor5 for th"r ongoing SUPF#rt without their generosty none of this could function. We have maintained very regular contact with the UCCI team and in Apn'l we were able to visit the project for the first time after COVID which was very helpful. an1pate trKJre teams will follow in 202212023 to work diredy the students and sponsored children.
Frontline Development Company Limited by Guarantee Statement of Financial Position 31 October 2022 2022 2022 2021 Flxed assets Tangible fLxed assets 15 272 340 Curront assets Debtors Cash at bank and in hand 16 9,831 55,205 65,036 3,618 46,791 50,409 Credltovs: amounts falllng due within on• year Net current assets Totsl assets less eurrènt Ilabllttles Net assets 17 6¢JO 49.809 50,149 50.149 64,436 64.708 64.708 Funds of the charlty Restricted funds Unrestricted funds Total charlty funds 16,753 47,955 64,708 12.646 37,503 50,149 18 For the year ending 31 October 2022 the charity vrds entided to exemption from audrt under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities: The members have not required the company to obtsin an audit of ts financial statement for the year in question in accordan wilh secb'on 476., The directors acknovledge their responsibilities for complying with the requirements of the Act with respect to accounts'ng records and the preparatson of the financial statements. These financial ststements have been prepared in accordance with the provIsn$ apPIAble to companies subject to the small companies, regime. These financial statements were approved by the board of twstees arKI authorised for issue on 16J ne2 and are signed on behalf of the t(sard by.. MrA Trustee The notes on pages 7 to 15 form part of these statements.