Company Number: SC684452 Charlty Number SC050985 Dr Graham's Homes Kallmpong (UK) Report and Flnanclal Statements For the year ended 31 January 2025
Dr Graham's Homes Kallmpong (UK) Contents of the Flnanclal Statements Page Charity Information Report of the Director5 Report of the Independent Auditors 9-11 Statement of Financial Activities 12 Balance Sheet 13 Statement of Cash Flow5 14 Notes to the Financial Statements 15-20
Dr Graham's Homes Kallmpong (UK) Charlty Informatlon Honorary Presldents The Moderator of The General Assembly, the Church of Scotland The Primus, The Scottish Episcopal Church Honorary Vke Presldent Reverend John Webster Trustee$ Mr Peter Cook Mr5 Frances Dent Ms Amanda Grant Mr Michael Jefferson Mrs Esther Pears Mrs Pat Simpson Mr Gordon Coupar ITreasurtrl Mr Jim Gibson Ichalrmanl Ms Shona Hume Miss Pat Lomax Iseeretsryl Mr Jim Simpson Sponsorshlp Secretary Vacant Reglstered Offlce Braeriach. South Kingennie, Broughty Ferry, Dundee DD5 3PA Company number SC684452 Scottlsh Charlty Number SC050985 Bankers Bank of Scotland 75 George Street EdinburBh EH2 3EW Solicltors Glllesple Macandrew LLP 163 West George Street Glasgow G2 2JJ Audltor William Vernall CA Azets Audit ServSces Titanium I, King's Inch Place, Renfrew PA4 8WF Page I
Dr Graham's Homes Kalimpong (UK) Report of the Dirertorsfvr the yeor ended 31 Januory 2025 The Directors are pleased to present their report together with the financial statements for the year ended 31 January 2025. Status of Ch?rily and Governlng Document Dr Graham's Homes was founded in 1900. For many years the work of The Homes was supported by the UK Committee Dr Graham's Homes, Kalimpong, India I"UK Committee"l. operating as an unincorporated association and a cogniSed Scottish Charity (No. SC0163411. In orderto bring the charity into line with current charity practice anil thereby making It fit for purpose for the coming years, a new company, limited by guarantee, Dr Graham's Homes Kalimpong IUKI, I'DGHUK-I was formed in December 2020 and registered as a charity with both OSCR and HMRC. Approval was granted for the change from an unincorporated a550ClOtion to a company limited ty guarantee and to transfer the assets to the new limited company. The business formerly carried on by the unintorporated association, UK Committee Dr Graham's Homes, Kalimpong, India, is therefore now carried on under the auspice5 of DGHUK and the atcounts for the year ended 31 January 2025 have been prepared on that basis. Structure, Governance and Management Directors The Director5 in the period from l February 2024 up until the date of this report were as follows: Mr Peter Cook * MrFrank Dunn, M5 Amanda Grant. Mr Gordon Coupar Miss Aileen Fraser Ms Shona Hume Mrs Esthei Pears Mrs Pat Simpson Mrs France5 Dent Mr Jim Gib50n Mr Michael Jefferson Mr lan Russell *** Pat Lomax Mr Jim Simpson appointed during period died during period
resigned during period The Treasurer. Chairman, Committee Secretary and Sponsorship Secretary are the key management personnel of the Charity. The Constitution of the Charity allows for a maximum of 15 Direttors. Appointment of Directors Under the Artitles of Association of the Charity, new Directors may be appointed by ordinary resolution of the Members or by resolution of the Directors. They are provided with an Induction Pack along with a copy of the Articles of Association. They are expected to be familiar with the Charity's values. aims and objertives together with its day-to-day operations, and to be aware of their statutory responsibilities as Trustees of a Scottish charity. Administrotive Structure The Directors are responsible for the overall administration of the Charity. with individual Directors appointed to lead in specific roles. Page 2
Dr Graham's Homes Kalimpong (UK) Report of the Oirertors for the period ended 31 Jonuary 2025 Statement on Risk The Directors consider that the major risks which the charity faces are continuity of income, fluctuations in foreign exchange, that$ to the quality of care for its beneficiaries, politital uncertainty in India and local factors affecting the management of the Homes in Kalimpong. The potential impact of these risks 15 minimised by regular correspondence with supporters and monthly review of sponsorship funds received. sending remittances to India on a quarterly (now monthlyl basis in order to even out exchan6e fluctuations,. and regular contact with and visits by Trustees to the Homes to discuss operational issues. Charitable Purposes The Charity is established for the followin8 purposes: lal to relieve the poverty of under-privileged, disadvanta6ed and needy children through provision for their education and for their accommodation. upbringing, safeguarding and general care and welfare at Dr Graham's Homes, all in continuance of the legacy of Dr John Anderson Graham; and Ibl to support the ongoin8 Caer development of young people, following completion of their time at Dr Graham's Homes, by providing for their maintenance, accommodation and general welfare, in Kolkata or elsewhere, for a period of further education, apprenticeship or training. Prlnclpal Artlvltles The Charity's principal activity is to encoura8e and provide sponsorship of needy children and to engage in fundraising ventures to meet the objecttve of raising money for The Homes in India. DGHUK shares this task with Committees in Ireland, Canada, Au51falia and New Zealand. The affairs of The Homes in India are governed by a Board of Management IBOMI based in Kolkata. Representatives of the alumni association Global OGBS IGOI and a Director of DGHUK have been appointed to the Kolkata Board of Management. The charity's prrncipal source of income is funds raised from supporters, whether by regular donations or fundraising efforts, in order to provide sponsorships for children in need. This enables us to meet our full financial commitment to supportin8 the children and students for whom we are responsible. Specifically. funds are raised by.. Regular support. Supporters, eiiher individually or in gi oups. undertake to fund the costs of a child's education at The Homes and. if appropriate, through Further Education College. Donations and Legacies. These come from a variety of sources. often stemming from connertions Wlth The Homes which go back many years, and contribute significantly to our funds. Other Fundraising Venture5. These have Included Bike Rides, Sponsored Runs. 'Tea Parties, coffee mornings, raffles, open gardens and other events. Achievements and Performance The Directors meet regularly durin6 the year to consider how best to SUPPOrt the needs in Indi3 and to recenie reports from the Joint Independent Review Committee IJIRCI. Page 3
Dr Graham's Homes Kalimpong (UK) Report of the Oirectorsfor the period ended 31 Jonut7ry 2025 It is particularly sad to report the deaths during the year of Aileen Fraser and Frank Dunn, two long-serying trustees each of whom ha5 been a 'face' of Dr Graham's Homes Kalimpong IUKI for many years, as trustees, bike riders, visitors to and indefatigable supporters of Dr Graham's Homes. It was a150 sad to say farewell, at our AGM in May 2025, to lan and Anji Russell who, after five amazingly energetic and productive years in office, stepped down as Sponsorship Secretaries,. they are proving to be a difficult act to follow and we wish them well in a well-desetved retirement. However, as we say farewell to Some, thi5 year we welcome Pat Lomax, Peter Cook and Amanda Grant. All three have fitted in extremely well, willingly taking on their respective responsibilities on the trustee board. We are also grateful to Rev Caroline Taylor who kindly offered her service5 a5 Minute Secretary. The DGHUK boar(I has operated effitiently in the past year through a mix of in-person and online meetings, maintaining a continuous liai50n with both the Board of Management and the Senior Management Team at the Homes. Significant work has been carTied out in the past year in moving forward the implementation of the Independent Review of the Homes, commissioned in 2021 by an external international firm of consultants. Peter Cook picked up the reins as interim Sponsorship Secretary in Succession to lan and Anji Russell and has done an excellent job in familiarising himself with the numerous tasks required in this vital role and getting to know the staff at the Homes and the various members of the Board of Management. Supportfvr The Home5 During the year the Charity continued to provide a significant level of support to The Homes in India. The number of children supported was 150, with a further 50 students at further education colleges. This compares with nurnbers supported in the previous year of 160 at school and 60 in various colleges. The children come from disadvantaged backErounds and care is taken to match them with SLlPPOrters. Supporters in turn are encouraged to maintain an individual and personal link with the children who have been assigned to them throughout their lime at The Homes and, if appropriate, in furtlier education. This is achieved with help from staff at the Homes. Structural repairs and refurbishment works continue to be car¥ied out with financial assistance provided by DGHUK as and when available. The Board also works with GO, the Global OGB Association. to effect ongoing repairs to the cottages on the campus. Page 4
Dr Graham's Homes Kalimpong {UK) Report of the Directorsfor the yeor ended 31 Januory 2025 Strengthenlng sofeguording and interoction with The Homes We have continued to Tnaintain strong relationship5 Wlth the Board of ManaEement and the Senior Managemerbt Team ?t the Homes through regular meetin85 of our safeguarding subcommittee which has continued to cooperate effective with the BOM; liaising with the BOM on the content of public statements on issues affecting the Homes; meetin8s of the JIRC to progress the recommendations of the Independent Review of The Homes,. continuing cooperation with the other International Committees and the Global OGB'S I'GO"). These developments have maintained the transparent relationship with the BOM and have helped to retain a joint approach in addressing various key issues. Our Sponsorship Secretary has continued the development of c105e liai50n with the BOM and The Homes, Senior Management Team, thus en5urin8 that the children whom we sponsor are well cared for and safe. Our Extended sponsorship Scheme continues to work effectively with the Sponsorship Secretary keeping in touch with the students, engaging with them in the management of their academic progress and offering pastoral support. Outreoch The Charity retains strong links with the Churth of Scotland family, in particular with church Guilds. We are honoured to have the Moderator of the Church of Scotland and the Primus of the Scottish Episcopal Church a5 Honorary Presidents. Contarts with potential new supporters have been made at fundraising events. Our digital presence has expanded through social media and our newly updated website which went live in March 2023. The website and social media are regularly updated by Olly and Andrew with interestin8 articles and personal reflections. Investment Policy In accordance with the Constitution, the Directors have the power to invest in such stocks and shares, investrnent5 6nd property in the UK as they see to be boih ethical aiid appropriale. The policy is to ensure a good level of income consistent with security of capital and accessibility of funds. Liquid funds which are surplus to immediate requirements are invested at the highest appropriate rate with institutions approved by the Direttors. Responsibility for investment management rests with the key management personnel. Our stocks and shaTe5 are held in safe tustody through Killik and Co, stockbrokers, who provide investment advice when requested. Our holdings are managed with a view to obtaining a balance between income an(1 growth. At 31 January 2025. following the wtthdrawal of capit31 amounting to £150,000 in support of the charity's activities, our portfolio w3S valued at £1,016,87012024- £1,031,666). The current yield on the well diversified portfolio is 2.8%. Sales were made during the year to release funds to support both pupils at the school and students in further education. Grant Making Policy The Charity makes Erants only for the dgrect benefit of pupils at the Home5 and former pupils who are pursuing further edutation. Funds In deficlt There We no funds in deficrt at the year-end (note 141. Page S
Dr Graham's Homes Kalimpong {UK) Report of the Directorsfor the year ended 31 JL7nuary 2025 Financlal Review Principol source5 offunds The Charity's artivittes and development5 continue to be dependent upon funding from a core of committed supporters, both individuals and groups, whose donations and fundraising activities provide sponsorships for particular children. In addition, funds are received from legacies and the trustees acknowledge with grateful thanks all such donations receNed during the ye8r, as detailed in Note 5 to the accounts. Resultsfor the yeor The Statement of Financial Activities on page 12 reflects a surplus of £743,04012024- deficit £205,217), comprising surplus of £958,71712024 deficit £104,027) relating to Unre5trirted funds, and a defitit of £215,67712024 deficit £101,190) relating to Restricted fund5. Donation5 and sponsorship income lexcluding legacies) reflects a decrease of £13,154 to £167,359. spread across donations from individuals, Churches and charitable tNst5. Total legacy income in the year was £917,82912024 £8,500). In contrast to a decrease in income from regular donations, there were investment gains of £85,99012024- gains of £37,178), representing an improvement in global markets despite remaining and gTowin8 8eopolitical uncertainties. We have continued to drav4 down Stricted funds, when necessary, in order to help meet sponsorship needs. The results for the year enable us to maintain reserve5 which will be required to meet intreasing costs at The Homes. The net assets at the year-end amounted to £2,075,74712024 - £1,332,7071. Utilisotion offunds In the main. the purpose of our Restricted funds is to provide money for the sponsoring of children at The Homes, and it is the Directors, intention to use these funds over a period of years to supplement funds received from individual supporters and fundraising artivities which do not cover the full cost of the sponsorships provided. Reserve5 Policy It is the trustee5' policy to hold within unrestTlCted funds. sufficient funds to cover.. the future educational need5 of ?11 existing sponsored pupils, and a551Stance in meeting the cost of emergency and / or unexpected expenditure while maintaining free reserves equivalent to a minimum of six month5 of ongoing general fund expenditure. Plans for Future Perlods Charities continue to experience challenges from several directions as they attempt to rebuild income and adapt to thanges in their ways of workin@. The immediate priority of our charity is to maintain a close liaison with the Board of Management to ensure that the welfare and protection of the children sponsored by DGHIUKI are maintained. Inflationary pressures continue to affect the Indian economy and inevitably these will affect the funds which we are required to remit to India. We are working with the Homes to ensure that there is full justifitation for any increases in Homes, costs, as these will, in the longer term, require to be Yeflected in an increase in the fund5 provided for sponsorships. Page 6
Dr Graham's Homes Kallmpong (UKI Report of the Dlrectorsfor the year ended 31 Jonuory 2025 Plans for Future Perlods {¢ontd) Child support, involvin8 individual and personal links wlth children in need throughout their school careers, is our 'raison d'étre,. We recognise that, while under UK charity law Bovernance at the Homes is not our responsibility, It is our responsibllity to ensure that 8¢x*d governance is exercised. In the ¢omin8 year we wlll contlnue to focus on the prlncipal challenges which face us. seeking ways to arrest 8radual decline in sponsorship. The Dirertors will continue to work with the Board of Management to do all it can to supportthe school in Its efforts to increase number5 of boarders and up8rade facilities, with the aim of attracting more sponsors. Page 7
Dr Graham's Homes Kalimpong (UK) Report of the Directors for the period ended 31 Jonuory 2025 Statement of Directors, Responslbllltles The Trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Legislation require5 the Trustees to prepare accounts for each financial year which give a true and fair view of the State of affairs of the Charity and of the incoming resourtes and application of resources, including the income and expenditure, of the Charity for that year. In preparing these accounts, the Trustees are required to.. selert Sultable accountin8 polities and then apply them consistently,. observe the methods and principles in the Charities Statement of Recommended Practice ISORPI; make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards and statements of recommended practice have been followed, subject lo any departures disclosed and explained in the financial statements,. and prepare the accounts on the going concern basi5 unle5S It 15 inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2006. They are also responsible for safeguardtn8 the asset5 of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and finantial information on the charitws web51te. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislètion in other jurisdictions. On behalf of the Trustees james N Gibson, Chairman Dated.. 10 February 2026 Page 8
REPORT OF THE INDEPENDEI¥T AUDITORS TO THE MEMBERS OF DR GRAHAM'S HOMES KALIMPONG (UK) Opinion We have audited the financial statements of DrGraham's Htsmes Kalimpong UK Ithe'charitsble company'l for the year ended 31 January 2025 which comprise the Statement of Financial A¢tivilies, the Balance Sheei, the Cash Flow Statement and nole5 to the financial statements, including a summary of 518nificani accounting policie5. The financia] Teporting fram¢work that has been applied in their preparation is applicable law and United K2ngdom Accounting Standards (United Kingdom Generally Aecepted Accounting Practic¢). In OUT opinion the financial *aietnents.- give a ITUC and fair view of the state of the charitable company's affairs as at 31 January 2025 and of its incomiEJg resources and appliealion of resources, including its income and expenditure, for the yeaT then ended,. have been prc>perly prepared in accordance with United Kingdtstn Generally Accepted Accounting Praciice,. and have been prepared in ac¢ordance with ihe r¢quiremcnts of the Companies Aci 2(X)6. Basi5 for OPiDlon We ¢ondu¢ted our audit in accordance with International Standards on Auditing {UKI {ISAs (UK)) and applicable law. Our responsibilities under those standard5 are further described in the AudiioTS' responsibiliti¢s for the audit of the financial statements 8e¢tion of our report. We are independent of the chariiable company in accordance with the ethical requirements that are relevant to our audit of the financial stalements in the UK, including Ihe FRC'S Ethical Standard, and we have fulfilled tsur other eihical responsibilities in accordance with these requirements. Wc believe that the audit evidence we have obiained is sufficient and appropriate to PTovide a basis for our opinion. Conclusions relatiug to going ¢onetrn In auditing the financial siaiemcnts. we hav¢ ¢oncluded Ihat the tSte¢S. use of the going concem basi5 of accounting In the preparation of the financial slalements is appropriate. Based on ihe work we have performed, we havc not identified any material uncertainties relating to events or Conditions that. individually or collectively, may Cast signifjcani doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the fInancial statement% are authoTised for issue. OUT responsibilities and the responsibilities of the trullees wilh respeci io going concern are described in the relei'ani sections of this report. Other informgt50 The trusiee5 are Tesponsible for the oiher inforinaii0s1. I lie oiliei- infoi'maiioii comprise% Ili¢ informaiioji in¢luded in the Annual Repori. other Ihai) the financ5al siaieTnenl% and our Report of IIIL Iiiilei)endeiii Auditors ilieir()n. Staled in our report, wc do not express any form of assurance conclusion IheTeon. In Connection with our audit of the financial statements, oui- responsibility is 10 read the other InfotThation and. in doing so. consider whether the other information is maieTially inconsisi¢ni with Ihc financial atementS or our knowledge obiained in Ihe audit or oiherwise appears to be materially misstaied. If we identify such mateTial inconsistencies or apparent maierial In15Staiements, we are required to detemiine whethei this gives rise io a material misstatement itj the flnancial statements themselves. If, based on the work we have performed. we conclude that there is a material misst8iement of this other infortnation. we are required 10 reptsrt that faci. We have nothing to report in this regard. OpinloThs on other atterS pre$crlbed b)" the CompAnies Act 2006 In our opinson. based on the work undertaken in the course of the audit.. the information given in the Repon of ihe TTUStees for the financial year for which the financial statements ore PTepared is consistent with the financial staiemenis," and the Report of the Tm8iees has been prepared in oc¢ordan¢e with applicable legal requiremet)ts. Page 9
REPORT OF THE Ih'DEPENDENT AUDITORS TO THE MEMBERS OF DR GRAHAM'S UOMES KALIMPONG {UK) Mxtters OD whl¢h we ire required io rtport b}, ex¢eptÉo In the light of the knowledge and understanding of the charitable eompany and its environment obtained in the course of th¢ audit, we have not identified material misstatements in the Report of the TnE51ee5. We have nothing to report in r¢spect of the following matters where thc Cornpanies Aci 2006 requires u5 to r¢pon to you if, in our opinion.. adequate aecounling records have not been k¢pt or returns adequ2te for our audit havc not been received fiom branehe5 not visited by us,. or the financial 5talemenls are not in agreement with the accounting records and rnurns,. or cerfain disclosures of irustee5' remuneration specified by law are not made,. or we have not received all the infornjaiion and explanations we Tequire for our audit,. or the trustees were Dol eJ)titled to take advaniage of the small companies exemption from the reA]uiiement to prepare a Strategic Report or in preparing the Report of the Twstecs. Respon$lbilitie5 of trustees As explained more fully in the Staierneni of Trustees. RespoRsibilities. the trustees (who are also the directors of the charitable ¢ompany for the purp05C5 of company lawl are responsible for the preparation of the financi21 staiernenis and for being satisfied that they give a true and fair view, and for su¢h internal control as ihe irusiees determine is ne¢tssary to enable the preparation of financial statements that are free frorn material misstatement, whether due to fraud or error. In pr¢paring the financial staternents, the are responsible for assessing the charitable Company's ability lo ¢oniinue as a going ¢oncern. disclosing, as applicable. maiitrs relaied to going concern and using the goin8 concern basis of accounting unless the trustees either iniend to li9uid8te th¢ ¢haTltable company or io ¢ease operations, or have no realistic alternative but to do so. Our respon$ibilitie$ for the audit of the financial statements Our objeclii'es are io obiain reasonable assuranee about whether the financial statement5 as a whole are fTee from material In15Statement, wheiher due to ftaud OT error, and 10 issue a Report of the Indepedent Auditors that include5 our opinton. Reasonable dssurance is a high level of assurance, bllf is not a guarantee that an audii conducted in actordance with ISAS {UK) M'ill 21ways detect a material mis51aierneni when li exists. Misstalements Can arise from fraud or error and are considered material if. individually or in the aggTegale. they could r¢èsonably be expected io influence the economic decisions of users taken on the basis of these financial 51atements. IrregulaTilies. Including fraud, are insian¢e5 of non-compliaiice wilh laws and &'egulaiioi)s. We design procedures iii line M'illi oui. I'esponsibilitie ouilined above. io d¢ie¢i matei-ial Ini%siaieihenis In repecl of irTegiilarilie%. Including fi'aiid. HoI1'ei er. the primary iespvnsibiliiy for Ihe prei'eniioii aiid deicclion offraué Fe%lS ii'irh both tliose chaTged M'illi goi'emaiite nf Ilit ¢iiiii!' and managemeni. Tht exieni 10 14,hi¢h our pi'ocedui'es are Capable of detecting irr¢gularities. 2ncludiiig fraiid is deiailecl belou.. We obtained an understanding of the legal and regulatory frameworks that are applicable io the charity. and drfemined that the mo%t significoni are those that relate 10 the fonn and conleni of the finan¢ial siaie]nents such as ihe accouniing policies and the Charities SORP IFRSI 02}. We assessed how the Charity Is coinplying with these frameworks by observing the oversight of those charged with govemance. the culiure of honesty and ethical behaviours and a strong e]nphbsis placed on fraud preveniion, which may reduce opponunitie% for frdué 10 take place, and fraud deteTrcnce. which could persuade individuals noi to commit fraud because of the likelihood of detection and punishmeni. Page 10
REPORT OF THE INDEPENDEf4T AUDITORS TO THE MEMBERS OF DR GRAHAM'S HOMES KALIMPONG (UK) Our responsibilitie5 for the audit of the finaDcig1 st8tement$ We assessed ihe susceptibility of the charitable cornpany's financial statemenis to material misstatement, including how fraud ni18hi occur, by making an assessment of the key frdud risks to the charitable copany, and the manner in which such risks may occur in practice, based on our previous knowledge of th¢ ¢haritable company, as well as an assessment of the current business environment. Based on this undeNanding, we designed our audit procedures to identify non-compliance wilh such laws and Tegulations. Where Ihe risk was considered higher, we performed audit procedure$ 10 address each identified fraud risk. In¢luding management oVeide of controls. These procedures included testing manual journals and were designed to provide reasonable assurance thai Ihe finattcial Maternents were free frotn fvaud or error. We evaluaied the design and operational ¢ffe¢tivene5S of controls put in place lo address the Tisks identified, or thai othenvise prei'ent, deter and detect fraud. In addition, our audii procedures included enquiring of managemeni coneerning actual and potential litigation and ¢laims, and perforniing ana1]eal procedures to identify any unusual or unexpected re121ioDships that rnay indicate risks of material misslatem¢ni du¢ to fraud. We addressed lh¢ fraud risk in relatioR to revenue recognition by testing completeness and cui off of income. Owing io ihe inherent limiiaiions of an audii, Ihere is an unavoidabl¢ risk that we may not have deiecled some mateTial InÈ5slate]ncnts in the financial statements. even though we have properly planned and peifornieil our audit in accordance with auditing standards. As H'ith any audit, there remains a hi8her risk of non.deteclion of irregularities, as these may involve collusion, forgery, intentional omissions. misrepresentaiions, or the override of internal controls. We are not responsible for preventing non- compliance, and cannoi be expected to deleci non-¢omplian¢e with all 18Ws and regulations. A further description of our rcsponsibilities for the audit of the finattcial #atements is located on the Financial Reporting Council's website at www.fr¢.or8.uklaudilorsresponsibilities. This description forms pan of our Report of ihe Independent Auditors. Use of our report This repon is made solely io the ¢haTltable compoDy'S members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Aci 2006. Our audit work has been undertaken so that we might %iaie to the Charitable company's members those atlers H'e are required lo siaie lo ihem in an auditors, repon and for no other PUTpose. To the fulle%1 extent pertnitled by law. we do not accepi or assumt re%ponsibiliiv 10 anyojie other Ihan the charitable company and ihe ¢harilable coiKpanv's Members a% a bod),, foT our audTI work. tor Ihi% TclTI. OT for Ilie opinioi)s we hdve formed. William Vemall CA (Senioi Sialulory Auditor) for and on behalf of Azets Audii Servi¢es Chartered accouniants Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Tilantllm I King's Inch Place Renfrew PA4 8WF Date.. Pagell
UK Commlttee DrGraham's Homes, Kalim on Indla Statement of Finan¢lal Actlvltlesfor the year ended 31 Jonuory 2025 Unrestrlrted Restri¢ted fund5 funds 2025 Total Z024 Total Incom• from Donatlons and legacies Charltable attltIeS Investments 937.098 3,575 12,312 952,985 148.090 1,085,188 3,57S 20.172 1,108,935 189,013 1.400 34.168 224,581 7,860 155,950 Total Ih¢¢me Expendlture Raisir8 Funds Charitable Actiwties 45,608 34.650 80,258 45.608 406.277 451.885 37,182 429,794 466,976 371.627 371,627 Total expendltyre Investment gains /110ssesl Net Income l expendkure 85,990 958,717 85,990 743,040 37,178 1205.2171 1215.6771 Transfers Transfer to 5ponsor5hip fvrds Net movement in funds 14 1101,0251 857,692 101,02S 1114,6521 743.040 1205,2171 Reconcillatlon of funds: Total fund5 brought forward 959,080 373,627 1.332.707 1,537,924 Total funds c¥rrled forward 1,816,772 258.975 2.075,747 1,332,707 The notes on page5 15 to 20 form part of the financial statements. Page 12
UK Commlttee Dr Graham's Homes, Kallrn 8•lance Sheet as ot31 Jonuory2025 Indla 2025 2024 Note Flxed A55ets Investments io 1.016,870 1,031.666 Non<ufrent Asset Loan li 144,726 144,726 Cyrr¢ntAssets Debtors Cash at bank li 412,775 520,295 18,332 150.157 933,070 168,489 Current U¥bi1leS due wfthln one year Accrua15 and deferred income 12 18,919 12.174 Net Current Assets 914.151 156,315 Totsl Assets less UabllStles 2,075.747 1,332,707 Funds Restricted funds Unrestricted funds 13&14 Is 258.975 1.816.772 373,627 959,080 Total Funds 2,075,747 1,332,707 These financial statements were approved by the Trustees and signed on thèir behalf by.. James N Gibson CA Chairman Gordon D Coupar CA Treasurer 10 February. 2026 The notes on pa8e5 15 to 20 form part of the finantial statements. Page 13
UK Commlttee Dr Graham's Homes, Kalim ong, Indla Ststement of Cash Flowsfvr the year ended 31 Janut7ry 2025 Total funds 2025 Prlor year funds 2024 Cash flows from operatlrya artlvltles: Net cash (used in) I provided by operating attivities, as below 355,342 1354.7811 Ntt cash provided by/ (used inl inve5tinB attivilies 14,796 13S,555 Chan8e in cash in the reportln8 period 370.138 1219,2261 Cash at the beginning ol the reporting perlod ISO,157 369.383 Cash at the end ¢*f the reporting period 520,295 150.157 Re¢onclliatlon of net kncome to net <ash flowfrorn oporatln8 artlvltles Net income for the year a5 per SOFA Adjustments for.. Ilncreasel / decrease lorig-tem) loan Ilncreasel / decrease in debtor5 IDecreasel / increase in creditors 743.040 1205,2171 1144,7261 15.9711 1.133 1394.4431 6,745 Net cash Iu5ed in l / provided by operating actNitie5 355,342 1354.7811 Page 14
Dr Graham's Homes Kalimpong (UK) Notes to the financial statementsfor the year ended 31 Jonut7ry 2025 l. Accountln8 Pollcles Bosis of preporotion offinonciolstotement5 The financial statements have been prepared under the historical cost convention as modified by the revaluation of investments. and in accordance with the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts Iscotlandl Regulations 26, AccountinE and Reportin6 by Charities.. Statement of Recommended Practice applicable to Charities Prepaiing their accounts in accordance with the Financial ReportinB Standard applicable in the UK and Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. The charity constitutes a public benefit entity as defined by FRS 102. Income All voluntary income and investment income is accounted for when received. Tax recoverable on Gift and investment income is accounted for on the accruals basis. Legacies are accounted for in the period when the amount receivable can be measured with sufficient reliability. Expenditure All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for the expenditure. All costs have been directly attributed to one of the financial categories of resources expended in the SOFA. The Charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT. Tongible FixedAssets Where there is material expenditure on eg office equipment, depreciation is provided at 20% on the straight-line basis in order to write off each asset over its estimated useful life. Otherwise, equipment, includrnB computer equiprnent, is written off in the year of purchase. Investments Investments are stated at rnarket value in accordance with the Statement of Recommended Practice for charities. Realised and unrealised investment gain5 and losses are charged or credited to the SOFA and are accounted for within unrestricted funds. Stotement of FinonciolActivitie5 For the purpose of the Statement of Financial Activtties as shown on page 12, funds are defined as follows... Uniestricted funds comprise gifts and other income received for the objects of the charity without further specified purpose and are available as general funds. Restrlcted funds comprise gifts and other income received for spending on specified purposes as laid down by the donors. Donotions Donations received for future sponsorships are credited to the relevant restricted sponsorship fund. The capital and income on these funds are and will be disbursed in accordance wf(h the donors, wishes. Investment income Investment income is apportioned between Unrestricted funds and the various Restricted funds in proportlon to the capital held. Pa8e 15
UK Commlttee Dr Graham's Hornes, Kallmpon& India Notes to the financial statementsfor the yeÈ7r Ended 31 Jonuary 2025 2. DonatFons and legacles 2025 Totsl 2024 Total UnrestrTrrted Restrl¢ied Ordinary Churches Charitable Trusts Le8acies (note 51 19,069 2 122,781 8.409 16,9C 141,850 8,609 16,9(KJ 917,829 145,258 16.73D 18,525 8.500 917.829 937,098 148.090 1.085.188 189,013 2024 43.471 145.542 189.013 Charltsble actlvltles 2025 Total 2024 Total Unrestrlcted Restrlded Fundraising events 3.575 3.575 1,400 3,575 3,575 1,400 2024 1.400 1,400 20Z5 Total 2024 Total Invtstment income Unrestricted ftestrirted UK listèd investments 8ank interest received 11,907 405 7,602 258 19.S09 663 32.820 1.348 12,312 7,860 20.172 34.168 2024 23,620 10,548 34,168 Legatits The fieure lor legacies represents sums received in respect of.. Dr Catherine Adams Mr5 Sheen8 Sturrock Miss Kathleen Ro£er 47.045 20,000 850.784 917,829 The trustees are indebted to th95e who have provided, through their Wills. for the continued support of children at Dr Graham's Homes ané those in furthef education. Page 16
UK Commlttee Dr Graham's Homes, Kalimpongi India Notes to the flnanclal ststementsfor the year ended 31 January 2025 Cost of ralsln8 funds 2025 2024 Unrestricted Sponsorship secretary's honorarium Travel, postage and stationery Prlnting Cost5 Advert15ing and publicity (including up8radinB website) Investment mana8ement costs 18,000 7.857 3,397 8,059 8.295 18,ODJ 11,1551 3,001 10,686 6,650 45,608 37,182 The Sponsorship Se¢retary is a Trustee of the Charlty. Charltable actlvltles 2025 Total 2024 Total Unrestrlded Restrlcted Funds Funds Grants to Dr Graham's Homes. Kallmponl Sponsorships, In¢lvdin£ college fees Special projects 371,627 371,627 404.288 371,627 371,627 404.288 Adminlstratlon costs Treasurer's honorarium Insurance and sundry costs Audit / Independent Examination Legal expenses Meeting costs 12,Th)0 2,615 3,3CiI 10.220 6.515 12.000 2,615 3,300 10,220 6.515 12,0 3.3 1.860 720 7.626 Tatal 34,650 371,627 406,277 429,794 2024 15,506 404,2&9 429,794 The Treasurer is a Trustee of the Charity. Nèt ¥ain5 1 Ilossesl on Invstments Realised Unrealised 16,5661 92,556 16,5661 92.556 6,477 30.701 85,990 85.990 37.178 2024 37.178 37,178 Trustees, remunèration and expenses The remuneraiion of the Sponsorship Secretary and Treasurer is disclosed lft Note5 6 and 7 respeuively. No other trustee received remuneration from the charlty. Expenses reimbursed or expenditure paid on behalf of the Trustees wa5 £11,74512024- £3841. DurinE the year a total of £6,80012024- £13,D801 was donated to the charity by TrLStees. Page 17
UK Commlttee DY Graham's Home5, Kalim ongi Indla Notes to the flnanclal statementsfor the yeor ended 31 Januory 2025 10. Invtstments UKquot•d Investments Market value at 31 January 2024 Additions at cost Market valLte of disposèls Gain I Ilossl on revaluatton 2025 2024 1,031.666 5,811 1113.1631 92,556 1,167,220 1166,2551 30.701 Market value at 31 January 2025 Flistorital cost at 31 January 2025 1.016,870 1,031,666 581,504 666.471 At 31 january 2025 there were no investments held In Sndividual entit*es eomprising morè than 5% of the total ptsrtfolio by value12024- 21. 11. Oebtors Loan > I year 2025 2024 loan to Dr Graham'5 Homes Board of Management 144.726 144,726 Other Debtors < l year 2025 2024 Sundry debtors and prepayments Loan to Dr Grèham's Hemes Board of Management Taxation rtcoverable 381.215 8.235 31.560 10,097 412,775 18,332 12. Accruals and deferred income 2025 2024 Accrued expense5 Sundry creditors Due tg Dr. Graham'5 Homes 6.300 7.569 5,050 3,764 3,360 5.050 18,919 12,174 Pa8e 18
UK Committee Dr Graham's Homes, Kalimpong, Indla Note5 to the financial 5tatementsfor the yEar ended 31 Jonuory 2025 13. Purpose5 of Restricted Fund5 General sponsorshlp fuftd This represents funils given by donor5 to provide sponsorship5 for children at The Homes and In further education. Spec5fic scholarship funds These funds have been given by particular individuals or groups, to be held to provide sponsorships for children at the Hornes and in further education. Andrew Bennett Trust fund This arises frorn a legacy left to The Homes in 2001. The fund 15 being used to provide sponsorships for children at the Homes over a nurnber of years. Sir Percival Griffiths Trust fund This fund ar05e from a donation bequeathed to the Homes in 2012, and is being used to provide sponsorships for children at the Homes over a number of years. Brooks Scholarship fund This fund is used to Pfovide sponsorships for students undergoing teacher trainin8 in India. Minto fund This fund is used to assist school leavers in further vocational training. Ann & Anup Dutt Hospital fund This fund is used a5 required for medical expenses and care of all Homes children in need. Birthday Appeal Fund This fund represents gifts made to mark the Homes Birthday on 24 September,. the money is being held pending a decision to be taken jointly by the UK Committee and other interested parties as to where best to allocate the funds. MatTaggart Funds These funds have been given specifically for sponsorshlp (Fund Al and Infrastructure repairs (Fund Bl Sundry Restricted funds To be used in accordance with the wishes of next of kin or fund organisers, as appropriate. Pa8e 19
UK Committee DrGraham's Homes, Kalimpong, India Notes to the financial statementsftsr the year ended 31 J¢inuGry 2025 Insl Losses 14. Mtmment kn Funds 01.02.2024 Inrne Expendllure Transfers 31.01.2025 Unrestikted Funds.. General Fund RestrktedFunds.' General SponsOh1p Fund Specific Sponsorship Funds Andrew 8ennett Trust Fund MacTèggzrt IFLtnd Al Sir Percival Griffiths Trust Fund Brooks Scholarship Fund Minto Fund Ann & Anup Dutt Hospital Fund Birthday Appeal Fund MacTaggart (Fund Bl Sundry restricted funds 959,080 952,985 180,2581 85,990 1101,0251 1,816,772 23,487 41,211 67.741 93,793 49,246 9.025 12,185 14,353 19.287 32,282 11.017 148,584 867 1,425 1.973 1,036 190 256 302 406 679 232 1362,5271 190,456 18.7531 127,6001 128,8001 112,0001 11,6121 112,4411 8.350 33.325 41,566 66.966 38,282 7,603 23.005 19,693 23.861 4,674 19,1001 16,5751 101,025 373.627 155.950 1371.6271 258,975 Total Fund5 1,332,707 1,108,935 1451,8851 85,990 2,075.747 A transfer ol £101.02512024-£147.OD81 was reqUId from Unrestricted Funds to Restricted Funds to cover shortf311 in individu315ponsorship funds. 15. Analy515 of net assets over funds 2025 Total 2024 Total Unrestrkted Restritted Investments Debtors Ilong-terml Debtors Icurrentl Bank Creditors 757,895 144,726 412,775 520,295 118,9191 258,975 1,016.870 144,726 412,775 520,295 118,9191 1,031,666 144,726 18.332 150,157 112,1741 1,816,772 258,975 2,075.747 1.332,707 Page 20