2015-2016 accounts - Charity Commission

REPORT AND ACCOUNTS

5 April 2016

(a company limited by guarantee and not having a share capital)THE DOHNAVUR FELLOWSHIP CORPORATION

Company Registration Number: 00428678

Registered Charity Number: 232510

THE DOHNAVUR FELLOWSHIP CORPORATION

REPORT AND ACCOUNTS - 5 APRIL 2016

Contents Page

General information 1

Report of the trustees 2-5

Independent examiner's report 6

Statement of financial activities, including the income and expenditure account 7

Balance sheet 8

Notes to the accounts 9-15


GENERAL INFORMATION

Page 1.

Directors and trustees D W Haylock (Chairman)P A AndersonJ M T CarlyonR L HelyarR A ManningS R M GillB J M Scott (resigned 27 July 2016)J A Woolcock

Company secretary T I Hanna

Charity registration number 232510

Company registration number 00428678

Registered office 21-27 Lamb's Conduit StreetLondonWC1N 3GS

Staff member delegated with day to day management T I Hanna

Bankers Lloyds TSB Bank plc CAF Bank Ltd286-288 Station Road Kings HillHarrow West MallingMiddlesex KentHA1 2EB ME19 4JQ

Investment advisors CCLA Investment Management LtdSenator House85 Queen Victoria StreetLondonEC4V 4ET

Solicitors Monro Wright & Wasbrough LLP7-8 Great James StreetLondonWC1N 3DF

Independent examiner Richard Hill FCAGriffin Stone Moscrop & Co21-27 Lamb's Conduit StreetLondonWC1N 3GS


REPORT OF THE TRUSTEES

Page 2.

Board of trustees

The trustees, who are all members of the company, who served during the year were as follows:

D W Haylock (Chairman)P A AndersonJ M T Carlyon R L HelyarR A Manning S R M GillB J M Scott (resigned 27 July 2016)J A Woolcock

Structure, governance and management

Objectives and activities

The work in India is supported by donors in other countries, including India, as well as by the DohnavurFellowship Corporation in the UK.

The Dohnavur Fellowship India is registered under the Tamil Nadu Societies Registration Act. The charity inthe UK (The Dohnavur Fellowship Corporation) was set up to help support the charity in India which is self-governing. The charity in the UK maintains regular communication with the Society in India.

The trustees, who are also the directors of the charitable company, have pleasure in presenting their report andaccounts for the year ended 5 April 2016. The trustees confirm that the annual report and accounts of thecharity comply with the current statutory requirements, the requirements of the charity's governing documentand the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charitiespreparing their accounts in accordance with the Financial Reporting Standard applicable in the UK andRepublic of Ireland (FRS 102) issued on 16 July 2014 (the Charities SORP (FRS 102)) and Update Bulletin 1to the Charities SORP (FRS 102) issued on 2 February 2016.

The company is registered as a charity with registration number 232510 and is a company limited byguarantee with company number 00428678. It was established under a memorandum of association which setout its objects and powers and it is governed under its articles of association.

The charity was set up in 1947 in order, firstly, to help support the work of the Dohnavur Fellowship in India,where a large orphanage and a rural hospital were fulfilling the first three objects of the charitable company asstated in the charitable company’s memorandum and articles of association, i.e. saving children from moraldanger, training them to serve others, and relieving suffering and making God’s love known to the people ofIndia especially through the medical work. This has been done by: managing donations and legacies receivedby the charity and forwarding funds when required to India; in various ways publicising the work in India andpromoting prayer support; supporting the leadership in India in the development of the work of the Fellowshipand to this end facilitating visits to and from Dohnavur. Secondly, the charity was set up to provide for retiredmissionaries of the Dohnavur Fellowship who had given their lives to such work.

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

The income and property of the charity, whencesoever derived, shall be applied solely toward the promotion of the objects of the charity.


REPORT OF THE TRUSTEES (Continued)

Page 3.

Objectives and activities (continued)

Public benefit statement

Achievements and performance

The Dohnavur Fellowship Corporation's objects comply directly with three of the Charities Act's descriptions of"charitable purpose":

- "the relief of poverty" , - "the advancement of religion" and - "the advancement of health or saving of lives"

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

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

In producing their assessment of the benefit to the public provided by the charity, the trustees confirm that theyhave complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the CharityCommissions general guidance on public benefits, Charities and Public benefit and in particular, the specificguidance on the advancement of religion for the public benefit.

The charity has continued to support the Dohnavur Fellowship children's home and hospital in India. Duringthe past year 98 (2015 - 105) children up to the age of 18 have been housed, clothed, fed and educated and otheryoung people remain in full-time education beyond the age of 18. In January 2016, the whole community(children, staff, disabled adults and retired Indian workers) numbered 288 (2015 - 310).

The investment assets of the charity are also held to provide income for the support of the retired missionaries.The charity is not financially dependent on any one donor and gifts and donations are received from thecharity's many supporters. The amount of legacy income varies from year to year. Funds are adequate andavailable to meet the needs of the charity. No specific commitments have been made either to the work in Indiaor to the retired missionaries.

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

A total of £3,657 (2015 - £23,567) has been paid by the charity in allowances to support retired missionariesand to maintain, repair and insure the leasehold property the company provides for a former secretary. A totalof £195,750 (2015 - £180,500) has been sent in remittances to India.

Hospital statistics for the year show 498 (2015 - 620) in-patients - including 66 (2014 - 60) leprosy patients -and 33,462 (2014 - 36,089) out-patient attendances including dental patients. Of these attendances, 13,613(2015 - 13,531) were by dental patients and 1,600 (2014 - 1,500) by leprosy patients.

The charity in India spent £28,942 (2015 - £27,270) in poor relief, including £2,208 (2015 - £3,164) for leprosypatients.



Page 4.

Investment policy

Risk management

Tangible fixed assets

Financial review

Reserves policy

1)2)3)

Subsistence and support in current and future years for retired missionaries and secretaries.

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

If funds in the investment fund are surplus to requirements some may be transferred to the general fund in orderto be available for transmission to India. No such transfers were made this year.

Maintenance of the office, including staff salaries when needed.

The majority of the investments of the charity are invested with COIF Charity Funds under the management ofCCLA Investment Management Ltd. The allocation and performance of the investments is kept under reviewwith outside professional assistance. A small proportion of the investments was kept on deposit in a CCLADeposit Account, but this account was closed in October 2015.

The Risk Register is regularly reviewed by the trustees with the most recent review taking place in September2016. The principal risks identified that would potentially have the most impact on the work of the charitywere: (a) that The Leprosy Mission should require us to vacate the office space that currently we rent fromthem at a favourable rate; (b) significant reduction in donor and legacy income; (c) unavailability of thesecretary, for example, due to illness and (d) the Government of India blocks income from abroad.

The trustees' investment policy is to ensure that the pool of money held within the charity is invested prudentlyand profitably over the long term for the benefit of the charity. The aim is to provide a balance of income andcapital growth through a low risk strategy.

The trustees will review the position of the investment fund and reserves annually.

Details of movements in tangible fixed assets during the year are set out in note 5 to the accounts.

The trustees have reviewed the funds position at the balance sheet date. The total level of reserves at 5 April2016 was £2,419,691 (2015 - £2,570,090), which was a 5.9% decrease on 2015 reserves. At face value theresults as shown in the SOFA compare unfavourably with 2015 as in 2016 there is an overall net deficit of£150,399 (2015 - net surplus of £152,852). However, 2015 was distorted by the inclusion of a significant gainon fixed asset investments amounting to £157,519. This compares with a loss of £81,136 in 2016.

At the year end the investment fund had a balance of £2,256,490 (2015 - £2,338,680) and the balance held inother designated funds and the general fund amounted to £149,486 (2015 - £231,410). £17,248 is required tomeet working capital requirements and represents about 3 months of all funds' expenditure excludingremittances to India. The remainder is being held for the development of the future work in India and will beremitted as it becomes needed.

Remittances made to The Dohnavur Fellowship India are determined by the requirements of and specificrequests for funding received from India, with the level of income recognised in the SOFA also being aconsideration.

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

The trustees monitor these risks and take steps to protect the charity's position.



Page 5.

Trustees' responsibilities in relation to the accounts

- select suitable accounting policies and then apply them consistently;- observe the methods and principles in the Charities SORP;- make judgements and estimates that are reasonable and prudent;-

D W HAYLOCKTRUSTEE

This report was approved by the trustees on 22 October 2016 and signed on their behalf by:-

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain thecharitable company's transactions and disclose with reasonable accuracy at any time the financial position of thecharitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. Theyare also responsible for safeguarding the assets of the charitable company and hence for taking reasonable stepsfor the prevention and detection of fraud or other irregularities.

Plans for the future

The financial position at 5 April 2016 is satisfactory. The trustees have no plans to change the charitablecompany's aims and key objectives for the future or to make any fundamental changes to the ways in which theyaim to achieve them.

The trustees (who are also the directors of The Dohnavur Fellowship Corporation for the purposes of companylaw) are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law andUnited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare accounts for each financial year. Under company law the trusteesmust not approve accounts unless they are satisfied that they give a true and fair view of the state of affairs of thecharitable company and of the incoming resources and application of resources, including income andexpenditure, of the charitable company for that period. In preparing these accounts, the trustees are required to:

prepare the accounts on the going concern basis unless it is inappropriate to presume that thecharitable company will continue in operation.

Respective responsibilities of trustees and examiner

-

-

-

Basis of independent examiner's statement

Independent examiner's statement

1.

-

-

2.

CHARTERED ACCOUNTANTS 22 October 2016London WC1N 3GS

to keep accounting records in accordance with section 386 of the Companies Act 2006; and

to prepare accounts which accord with the accounting records, comply with the accountingrequirements of section 396 of the Companies Act 2006 and with the methods and principles of theStatement of Recommended Practice: Accounting and Reporting by Charities

to which, in my opinion, attention should be drawn in order to enable a proper understanding of theaccounts to be reached.

21-27 Lamb's Conduit StreetGRIFFIN STONE MOSCROP & CO

which gives me reasonable cause to believe that, in any material respect, the requirements:

follow the procedures laid down in the general Directions given by the Charity Commission under section145(5)(b) of the 2011 Act; and

Richard Hill FCA

examine the accounts under section 145 of the Act;

state whether particular matters have come to my attention.

have not been met; or

In connection with my examination, no matter has come to my attention:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFTHE DOHNAVUR FELLOWSHIP CORPORATION

I report on the accounts of the company for the year ended 5 April 2016 which are set out on pages 7 to 15.

This report is made solely to the company's trustees, as a body, in accordance with section 145 of the CharitiesAct 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I mightstate to the charity's trustees those matters I am required to state to them in an Independent examiner's report andfor no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyoneother than the charity and the charity's trustees as a body, for my work or for this report.

The trustees, who are also the directors of the company for the purposes of company law, are responsible for thepreparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2)of the Charities Act 2011 (the Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independentexamination, it is my responsibility to:

My examination was carried out in accordance with 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 theaccounts presented with those records. It also includes consideration of any unusual items or disclosures in theaccounts, and seeking explanations from you as trustees concerning any such matters. The proceduresundertaken do not provide all the evidence that would be required in an audit and consequently no opinion isgiven as to whether the accounts present a “true and fair view” and the report is limited to those matters set outin the statement below.


STATEMENT OF FINANCIAL ACTIVITES,INCLUDING THE INCOME AND EXPENDITURE ACCOUNT,

FOR THE YEAR ENDED 5 APRIL 2016

Page 7.

Unrestricted Restricted Total TotalNote funds fund 2016 2015

Income from: 1c)Donations and legacies Donations 53,461 13,715 67,176 52,854 Legacies 44,977 - 44,977 104,792 Other trading activities - Merchandising income 3,641 - 3,641 4,196 Investments - Fixed asset investment income 78,850 - 78,850 78,652 Interest receivable 867 - 867 1,347

Total income 181,796 13,715 195,511 241,841

Expenditure on: 1d)Raising funds Merchandising costs 206 - 206 193 Charitable activities: - Remittances to India 195,750 - 195,750 180,500 Goods to India 31 - 31 - Staff costs and allowances 2 51,132 - 51,132 49,209 Management and administration 3 17,655 - 17,655 16,606

Total expenditure 264,774 - 264,774 246,508

(82,978) 13,715 (69,263) (4,667)

Net (losses)/gains on investments (81,136) - (81,136) 157,519

Net (expenditure)/income (164,114) 13,715 (150,399) 152,852 - Transfer between funds - - - -

Net movement in funds (164,114) 13,715 (150,399) 152,852

Fund balances brought forward at 6 April 2015 2,570,090 - 2,570,090 2,417,238

Fund balances carried forward at 5 April 2016 2,405,976 13,715 2,419,691 2,570,090 £

The attached notes form part of these accounts.

The above statement includes all gains and losses recognised in the year.All activities relate to continuing activities. In 2015 the charity only had unrestricted funds.


COMPANY REGISTRATION NUMBER: 00428678

Page 8.

BALANCE SHEET Note

Fixed assets Tangible assets 5 196,561 196,561 Investments 6 2,030,727 2,086,863

2,227,288 2,283,424 Current assets Stock 752 788 Debtors 7 15,396 4,546 Investment Monies held on deposit 50,500 50,000 Cash at bank and in hand 131,745 235,832

198,393 291,166

Creditors: amounts falling due within one year Accruals 5,990 4,500

Net current assets 192,403 286,666

Net assets £ 2,419,691 2,570,090

Funds 9 General fund 129,121 221,066 Designated funds Investment fund 2,256,490 2,338,680 Publications fund 365 10,344 Santhosha Vidhyalaya boys' hostel fund 20,000 - Restricted fund Santhosha Vidhyalaya fund 13,715 -

Total funds £ 2,419,691 2,570,090

D W HAYLOCKTRUSTEE

The attached notes form part of these accounts.

5 APRIL 2016 2015

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006with respect to accounting records and the preparation of accounts.

The accounts were approved by the trustees on 22 October 2016 and signed on their behalf by:-

J A WOOLCOCKTRUSTEE

The trustees consider that the company is entitled to exemption from the requirement to have an audit under theprovisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company toobtain an audit for the year in question in accordance with section 476 of the Act.

The accounts have been prepared in accordance with the provisions applicable to companies subject to the smallcompanies regime.


NOTES TO THE ACCOUNTS - 5 APRIL 2016

Page 9.

1. Accounting policies

a) Basis of preparation of financial statements

b) Fund accounting

c) Income

d) Expenditure

Investment income, gains and losses are allocated to the appropriate fund.

The accounts are prepared in sterling, which is the functional currency of the charity, and arerounded to the nearest £1.

The preparation of accounts compliance with the Charities SORP (FRS 102) and FRS 102 requiresthe use of certain critical accounting estimates. It also requires management to exercise judgementin applying the charity's accounting policies (see Note 13).

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware thatprobate has been granted, the estate has been finalised and notification has been made by theexecutor(s) to the Trust that a distribution will be made, or when a distribution is received from theestate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can bemeasured reliably and the charity has been notified of the executor's intention to make a distribution.Where legacies have been notified to the charity, or the charity is aware of the granting of probate,and the criteria for income recognition have not been met, then the legacy is treated as a contingentasset and disclosed if material.

All expenditure is accounted for on an accruals basis. All expenses, including support andgovernance costs, are allocated to the applicable expenditure headings.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.

The accounts have been prepared under the historical cost convention with items recognised at costor transaction value unless otherwise stated in the relevant notes to these accounts. The accountshave been prepared in accordance with the Statement of Recommended Practice: Accounting andReporting by Charities preparing their accounts in accordance with the Financial Reporting Standardapplicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (the Charities SORP(FRS 102)), Update Bulletin 1 to the Charities SORP (FRS 102) issued on 2 February 2016, theFinancial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

All income is recognised once the charity has entitlement to the income, it is probable that theincome will be received and the amount of income receivable can be measured reliably.

Expenditure is recognised once there is a legal or constructive obligation to make payment to a thirdparty, it is probable that settlement will be required and the amount of the obligation can be

General funds are unrestricted funds which are available for use at the discretion of the trustees infurtherance of the general objectives of the charity and which have not been designated for otherpurposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of such designated funds is set out in the notes to the accounts.

The charity constitutes a public benefit entity as defined by FRS 102.


NOTES TO THE ACCOUNTS - 5 APRIL 2016 (Continued)

Page 10.

1. Accounting policies (continued)

e) Tangible fixed assets and depreciation

f) Stock

g) Investments

h) Interest receivable

i) Debtors

j) Cash at bank and in hand

k) Creditors and provisions

l) Financial instruments

m) Pensions

The long-leasehold property has not been depreciated as the trustees consider that it is maintained toa sufficiently high standard to extend its useful life indefinitely. The long-leasehold building wasreviewed for impairment in accordance with FRS 102 and any depreciation charge would beimmaterial. Depreciation was provided on the fixtures and fittings at 8% on a straight line basis soas to write off the cost less estimated residual value of each asset over its expected useful workinglife.

Creditors and provisions are recognised where the charity has a present obligation resulting from apast event that will probably result in the transfer of funds to a third party and the amount due tosettle the obligation can be measured or estimated reliably. Creditors and provisions are normallyrecognised at their settlement amount after allowing for any trade discounts due.

Investment income, gains and losses are accounted for when identified.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financialinstruments. Basic financial instruments are initially recognised at transaction value andsubsequently measured at their settlement value with the exception of bank loans which aresubsequently measured at amortised cost using the effective interest method.

The charity operates a defined contribution pension scheme on behalf of its employees. The pensioncost to the charity is charged to the statement of financial activities as incurred.

Stock represents unsold publications, videos and dvds and is valued at the lower of cost and netrealisable value.

Investments are a form of basic financial instrument and are initially recognised at their transactionvalue and subsequently measured at their fair value as at the balance sheet date using the closingquoted market price. The statement of financial activities includes the net gains and losses arisingon revaluation and disposals throughout the year.

Interest on funds held on deposit is included when receivable and the amount can be measuredreliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Trade and other debtors are recognised at the settlement amount after any trade discount offered.Prepayments are valued at the amount repaid net of any trade discounts due.

Cash at bank and in hand includes cash and short term highly liquid investments with a shortmaturity of three months or less from the date of acquisition or opening of the deposit or similaraccount.



Page 11.

1. Accounting policies (continued)

n) Irrecoverable value added tax

o) Reconciliation with previous Generally Accepted Accounting Practice

Total Total2016 2015

2. Staff costs and allowances

Salary and national insurance of secretary 26,052 25,642 Payroll running costs 420 - Pension costs 21,003 - Allowances to retired missionaries 3,657 23,567

51,132 49,209

All of the above relates to unrestricted funds.

3. Management and administration

Publicity material, stationery, postage, telephone and other office costs 5,026 5,032 Rent payable under an operating lease 6,000 6,000 Insurance 285 288 Sundry expenses 210 215 Bank charges 184 188 Governance costs Independent examiner's fee 5,520 4,500 Travel expenses 430 383

17,655 16,606


Included within allowances to retired missionaries is £1,207 (2015 - £1,200) paid by the company in respect ofmaintenance and insurance costs for the company's leasehold property (see note 5) in which the former secretaryof the company lives.

The independent examiner's fee can be divided into £1,665 (2015 - £1,600) in respect of the independentexamination and £3,855 (2015 - £2,900) for accountancy, out of pocket expenses and VAT.

In preparing these accounts, the trustees have considered whether in applying the accounting policiesrequired by FRS 102 and the Charities SORP (FRS 102) the restatement of comparative items was required.No restatement was required.

As a registerd charity The Dohnavur Fellowship Corporation is generally not liable to tax on its surplus orcapital gains. It is not, however, exempt from value added tax. Irrecoverable value added tax is included inthe cost of those items to which it relates.

£

£



Page 12.

Total Total2016 2015

4. Staff costs

Salaries 25,634 25,255 Social security costs 418 387 Payroll running costs 420 - Employer's pension contributions 20,043 - Cost of setting up workplace pension scheme 960 -

47,475 25,642


5. Tangible fixed assets Longleasehold Fixturesproperty and fittings Total

Cost At 6 April 2015 and 5 April 2016 196,561 15,910 212,471

Depreciation At 6 April 2015 and 5 April 2016 - 15,910 15,910

Net book value, 5 April 2016 196,561 - 196,561

Net book value, 5 April 2015 196,561 - 196,561 £

The trustees, who are also the directors, are considered to be the key management personnel of the charityand received no remuneration during the year (2015 - the same). Travel expenses of £430 (2015 - £383) werereimbursed to five (2015 - the same) trustees during the year.

The average monthly number of employees during the year was 1 (2015 - the same).

No employee received remuneration over £60,000 (2015 - the same)

For the year ended 5 April 2016 employer's pension contributions include a one-off payment of £20,000.There were no contributions payable at the balance sheet date.

£

£



Page 13.

2016 2015

6. Investments

Listed investments

Market value at 6 April 2015 2,086,863 1,929,344 Additional expenditure incurred during the year 25,000 - Net (losses)/gains on investments (81,136) 157,519

Market value at 5 April 2016 2,030,727 2,086,863

Historical cost at 5 April 2016 1,644,595 1,619,595

971,559.73 (2015 - 1,071,559.73) COIF Charities Ethical Investment Fund Income Units 1,815,165 2,086,863 87,970.21 (2015 - Nil) COIF Charities Ethical Investment Fund Accumulation Units 215,562 -

2,030,727 2,086,863

7. Debtors

Income tax recoverable 7,796 4,198 Sundry debtors 350 348 Amount receivable in respect of legacy notified before year end 7,250 -

15,396 4,546

8. Financial instruments

Financial assets Financial assets measured at fair value 2,212,972 2,372,695 Financial assets that are debt instruments measured at amortised cost - -

2,212,972 2,372,695

Financial liabilities Financial liabilities measured at amortised cost (5,990) (4,500)

£

£

The market value of investments comprises the following:

£

£

£

£

In November 2015 the charity was informed that it was one of a number beneficiaries to share in an estate.No distributions were made from the estate by 5 April 2016, but since that date the charity has received£7,250. This amount has been included in debtors at 5 April 2016. It is likely that further amounts will bereceived, but the trustees are unable to estimate the quantum thereof. However, it is considered unlikelythat these amounts will exceed £6,000.



Page 14.

9. Statement of funds Brought Unrealised Carriedforward (losses)/ Transfers forward06.04.15 Income Expenditure gains in/(out) 05.04.16

General fund 221,066 99,281 (191,226) - - 129,121 Designated funds

Investment fund 2,338,680 78,850 (59,904) (81,136) (20,000) 2,256,490 Publications fund 10,344 3,665 (13,644) - - 365 Santhosha Vidhyalaya

boys' hostel fund - - - - 20,000 20,000

2,570,090 181,796 (264,774) (81,136) - 2,405,976 Restricted fund

Santhosha Vidhyalayafund - 13,715 - - - 13,715

2,570,090 195,511 (264,774) (81,136) - 2,419,691

10. Analysis of net assets between funds

At 5 April 2016 Tangible Netfixed currentassets Investments assets Total

General fund - - 129,121 129,121 Designated funds

Investment fund 196,561 2,030,727 29,202 2,256,490 Publications fund - - 365 365 Santhosha Vidhyalaya boys' hostel fund - - 20,000 20,000

Restricted fundSanthosha Vidhyalaya fund - - 13,715 13,715

196,561 2,030,727 192,403 2,419,691 £

The charity has one restricted fund, the Santhosha Vidhyalaya fund, which was also set up in March 2016to receive donations specifically to support the Santhosha Vidhyalaya.

£

The investment fund provides income from long-term investments that is used principally for the charity’sduty of care for former Dohnavur missionaries and other UK-based workers in need, and to finance the UKoffice.

The general fund is available for use at the discretion of the trustees in furtherance of the general objectivesof the charity.

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

The Santhosha Vidhyalaya boys' hostel fund was set up by the trustees in March 2016 to facilitate directedgiving by the charity to support the building of a boys' hostel at the Santhosha Vidhyalaya, a boardingschool within the Dohnavur compound providing education for the children of Indian Christianmissionaries.

The charity had three designated funds, the investment fund, the publications fund and the SanthoshaVidhyalaya boys' hostel fund.

At their discretion the trustees may use money from the designated funds to support the ministries of theDohnavur Fellowship in India or to further other aspects of the general objectives of the charity.



Page 15.

10. Analysis of net assets between funds (Continued)

At 5 April 2015 Tangible Netfixed currentassets Investments assets Total

General fund - - 221,066 221,066 Designated funds

Investment fund 196,561 2,086,863 55,256 2,338,680 Publications fund 10,344 10,344

196,561 2,086,863 286,666 2,570,090

11. Share capital

12. Controlling party

13. Judgements in applying accounting policies and key sources of estimation uncertainty

14. General information

15. Donations from trustees

In the application of the charity's accounting policies, the trustees are required to make judgements, estimatesand assumptions about the carrying amount of assets and liabilities that are not readily apparent from othersources. The estimates and associated assumptions are based on historical experience and other factors thatare considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accountingestimates are recognised in the period in which the estimate is revised, if the revision affects only that period,or in the period of the revision and future periods if the revision affects both current and future periods.However, there are no judgements or assumptions that have a significant risk of causing material adjustment.

£

During the year ended 5 April 2016 donations totalling £840 (2015 - £1,220) were received from three (2015 -the same) trustees.

The charitable company is controlled by its members.

The Dohnavur Fellowship Corporation is a charitable company registered and incorporated in England. Thecompany's registered office address is 21-27 Lamb's Conduit Street, London, WC1N 3GS.

The charitable company transitioned from previously extant United Kingdom Generally Accepted AccountingPractice on 6 April 2014.

The company does not have any share capital and is limited by guarantee. At 5 April 2016 it had 23 (2015 -22) members. Each member's liability is limited to £1.

MANAGEMENT INFORMATION

5 April 2016


For the year ended


STATEMENT OF FINANCIAL ACTIVITES RELATING TO THE UNRESTRICTED FUNDSFOR THE YEAR ENDED 5 APRIL 2016

Santhosha Vidhyalaya

General Investment Publications boys' hostel Total Totalfund fund fund fund 2016 2015

Income from:Donations and legacies Donations 53,437 - 24 - 53,461 52,854 Legacies 44,977 - - - 44,977 104,792 Other trading activities Merchandising income - - 3,641 - 3,641 4,196 Investments Fixed asset investment income - 78,850 - - 78,850 78,652 Interest receivable 867 - - - 867 1,347

Total income 99,281 78,850 3,665 - 181,796 241,841

Expenditure on:Raising funds Merchandising costs - - 206 - 206 193 Charitable activities: Remittances to India 183,250 - 12,500 - 195,750 180,500 Goods to India 31 - - - 31 - Staff costs and allowances - 51,132 - - 51,132 49,209 Management and administration 7,945 8,772 938 - 17,655 16,606

Total expenditure 191,226 59,904 13,644 - 264,774 246,508

(91,945) 18,946 (9,979) - (82,978) (4,667)

Net (losses)/gains on investments - (81,136) - - (81,136) 157,519

Net (expenditure)/income (91,945) (62,190) (9,979) - (164,114) 152,852

Transfer between funds - (20,000) - 20,000 - -

Net movement in funds (91,945) (82,190) (9,979) 20,000 (164,114) 152,852

Fund balances brought forward at 6 April 2015 221,066 2,338,680 10,344 - 2,570,090 2,417,238

Fund balances carried forward at 5 April 2016 129,121 2,256,490 365 20,000 2,405,976 2,570,090

Designated funds

This page does not form part of the statutory accounts.

£


SUMMARY OF GENERAL FUND ACCOUNT

FOR THE YEAR ENDED:

IncomeDonations 48,241 48,632 Income tax recoverable 5,196 4,198 Legacies 44,977 104,792 Interest receivable 867 1,347

99,281 158,969

Deduct: ExpenditurePublicity material, stationery, postage, telephone and office costs 5,026 5,013 Bank charges 159 159 Independent examiner's fee 2,760 2,250

7,945 7,422

Surplus before remittances and goods to India 91,336 151,547

Remittances to India (183,250) (180,000) Goods to India (31) -

(183,281) (180,000)

Deficit for the year (91,945) (28,453)

Balance brought forward 221,066 249,519

Balance carried forward £ 129,121 221,066

5 APRIL 2016 2015



SUMMARY OF INVESTMENT FUND ACCOUNT

FOR THE YEAR ENDED:

IncomeDonations - - Investment income 78,850 78,652 Interest receivable - -

78,850 78,652

Deduct: ExpenditureSalary and national insurance of secretary 26,052 25,642 Payroll running costs 420 - Pension costs 21,003 - Allowances to retired missionaries 3,657 23,567 Publicity, stationery, postage, telephone etc - 19 Rent 6,000 6,000 Insurance 285 288 Sundry expenses 210 215 Bank charges 25 29 Independent examiner's fee 1,822 1,485 Travel and other governance costs 430 383

59,904 57,628

Surplus before remittances to India 18,946 21,024

Remittances to India - -

18,946 21,024

Unrealised (losses)/gains on investments (81,136) 157,519

Net (expenditure)/income (62,190) 178,543

Transfer between funds (20,000) -

(Deficit)/surplus for the year (82,190) 178,543

Balance brought forward 2,338,680 2,160,137

Balance carried forward £ 2,256,490 2,338,680

5 APRIL 2016 2015



SUMMARY OF PUBLICATIONS FUND ACCOUNT

FOR THE YEAR ENDED:

Sales etcRoyalties received 3,233 3,284 Publications 164 515 Videos and dvds 244 397 Donations 24 24

3,665 4,220

Deduct: Cost of salesStock, 6 April 2015 788 805 Purchases in year 170 176 Stock, 5 April 2016 (752) (788)

206 193

Gross profit 3,459 4,027

Deduct: Other costsIndependent examiner's fee 938 765

Surplus before remittances to India 2,521 3,262

Remittances to India (12,500) (500)

(Deficit)/surplus for the year (9,979) 2,762

Balance brought forward 10,344 7,582

Balance carried forward £ 365 10,344

5 APRIL 2016 2015


2015-2016 accounts - Charity Commission

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