I think you are right that you have to apply to Ministry of Home Affairs under Rule 9 of Foreign Contribution (Regulation) Rules, 2011 read with Sec.11 of Foreign Contribution (Regulation) Act, 2010. for obtaining permission for accepting the contribution of funds from foreign countries to your venture.
As you wish to start the venture now the question of filing any 'audited statements does not arise. You may apply to the Ministry of Home Affairs for permission or registration. RBI's permission is not required.
You have to seek for permission by making an application covering various points such as:-
(i) that your concern is not fictitious or benami;
(ii) it has not been prosecuted or convicted for indulging in activities aimed at conversion through inducement or force, either directly or indirectly, from one religious faith to another;
(iii) it has not been prosecuted or convicted for creating communal tension or disharmony in any specified district or any other part of the country;
(iv) it has not been found guilty or diversion or mis-utilisation of its funds;
(v)it is not engaged or likely to engage in propagation of sedition or advocate violent methods to achieve its ends;
(vi) it is not likely to use the foreign contribution for personal gains or divert it for undesirable purposes;
(vii) it has not contravened any of the provisions of this Act;
(viii) it has not been prohibited from accepting foreign contribution;
Later you can apply for registration in Form No. FC3.
Necesary fee is to be deposited for ths purpose.
On line request for permission or registration is available in google.
While addressing any one in this club please note to pre-fix 'Mr.' before his name