2022-11-30-accounts - The Parivar Trust

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THE PARIVAR TRUST

FINANCIAL STATEMENTS 30 NOVEMBER 2022

Charity number 1032529

THE PARIVAR TRUST

FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

Contents	Pages
Trustees Annual Report	1 - 2
Reference & Administrative Information	3
Independent Examiner’s Report	4
Statement of Financial Activities	5
Balance Sheet	6
Note to the Financial Statements	7 - 13

THE PARIVAR TRUST

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 NOVEMBER 2022

Objectives & Activities

The Parivar Trust was set up at the end of 1993 for the following charitable objects:-

“The relief of poverty and sickness, the provision of education, and the preservation and protection of good health among children, young people and women resident in the United Kingdom and India”.

For the U.K. the trustees accept written applications for donations from charities registered with the Charity Commission that fall within the objectives set out in the trust deed. They give priority to local charities operating in Herefordshire, Gloucestershire and the Bristol area. In India the trustees support projects again within the objects of the trust. Their policy is always for the trustees to visit projects they wish to help, to meet those responsible for them and to see other work carried out by the organisation. In particular, over the years the trustees have established a good working relationship with Ramakrishna Mission and Ramakrishna Sarada Mission, well-respected and well-run charitable organisations with schools, hospitals, medical centres and numerous projects for the relief of poverty in many areas of India.

Achievements and Performance

In this financial year the trustees have made grants totalling £321,860. They have continued funding local charitable organisations as in previous years, to charities in Herefordshire and the Bristol area, for the welfare of needy women and children, totalling £10,500.

The trustees have continued to support various branches of Ramakrishna Sarada Mission in India, including further support for a girls’ school in Thrissur, Kerala, to fund the construction of a degree college. The trustees have also decided to make donations to Ramakrishna Mission, and this year they have paid for a 3-year licence from Tata Industries to provide “digital classrooms”, an online teaching aid, in almost 200 classrooms in 42 schools in Ramakrishna schools in India.

In November trustees Albert Rogers and Pramila Ramani visited Matribhavan Hospital for women and children in Calcutta run by Ramakrishna Sarada Mission, where the Trust has funded substantial refurbishment work. Several wards and other areas have been improved to a high standard. The work is continuing and the remaining sub-standard parts of the hospital can be upgraded with the funds already provided by the Trust.

The trustees went on to visit the Ramakrishna Mission at Taki, close to the border with Bangladesh, where they inspected the Mission’s boys’ school. The primary school and hostel, built in the 1930s, were seen to be quite dilapidated and engineers have advised they are beyond repair. The trustees have now agreed funding for the demolition and reconstruction of both buildings over the next 3 financial years of the Trust. A visit was then made to Chennai to see examples of the digital classroom facility which has been introduced into several Ramakrishna Mission schools. The system is clearly a great help to teachers, by presenting on screen various curriculum subjects in an imaginative and effective way. Technical support by Tata and supervision of the project by the Mission are excellent.

The Trustees have had due regard to the public benefit guidance issued by the Charity Commission and will continue to do so.

Financial Review

As The Parivar Trust is solely a grant-making trust with no employees or substantial administrative costs the Trustees do not consider any policy in respect of reserves to be necessary.

THE PARIVAR TRUST

TRUSTEES’ ANNUAL REPORT

YEAR ENDED 30 NOVEMBER 2022

Attached to this report is the Statement of Accounts for the Trust for the year ended on 30th November 2022.

Structure, Governance and Management

The Parivar Trust was established by Trust Deed dated 30[th] December 1993. The unincorporated charity was registered with the Charity Commission in England & Wales on 3[rd] February 1994 (registration number 1032529).

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and accounting 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 statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping sufficient accounting records 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 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees declare that they have approved the above Trustees’ Report. Signed on behalf of the trustees on …………………………………..

Feb 28 2023

………………………………………..

Mr N A Rogers Trustee

……………………………………….. Dr P Ramani Trustee

THE PARIVAR TRUST

REFERENCE & ADMINISTRATIVE INFORMATION

YEAR ENDED 30 NOVEMBER 2022

Charity name

The Parivar Trust

Charity number

1032529

Principal Address

Wye Cottage Fawley Herefordshire HR1 4SP

Trustees

Nigel Albert Rogers Pramila Ramani Andrew Hubert Gwyn Jennings

Independent Examiner

Joshua Kingston BSc (Hons) ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

THE PARIVAR TRUST

INDEPENDENT EXAMINERS REPORT

YEAR ENDED 30 NOVEMBER 2022

Independent examiner’s report to the trustees of The Parivar Trust

I report to the trustees on my examination of the accounts of The Parivar Trust (the Charity) for the year ended 30 November 2022.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston, BSc (Hons) ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Feb 28 2023

Date: …………………………

THE PARIVAR TRUST

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 30 NOVEMBER 2022

Unrestricted Funds £ 306,108 11,263	Restricted Funds £ - -	Total Funds 2022 £ 306,108 11,263	Total Funds 2021 £ 168,616 8,311
317,371	-	317,371	176,927
324,675	-	324,675	256,802
324,675	-	324,675	256,802
(18,339)	-	(18,339)	90,175
(25,643) 546,530	- -	(25,643) 546,530	10,300 536,230
520,887	-	520,887	546,530

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

The notes on pages 7 to 13 form part of these financial statements See note 10 for fund-accounting comparative figures

THE PARIVAR TRUST

BALANCE SHEET

AS AT 30 NOVEMBER 2022

Note Fixed assets Investments 11 Current assets Cash at bank and in hand Liabilities Creditors : amounts falling due within one year 12 Net current assets Net assets FUNDS Unrestricted funds General funds 14 Total funds	2022 £ 528,673 528,673 11,414 11,414 (19,200) (7,786) 520,887 520,887 520,887	2021 £ 547,012
		547,012 21,298
		21,298 (21,780)
		(482)
		546,530
		546,530
		546,530

Feb 28 2023

These financial statements were approved by the Trustees on ....................... and are signed on their behalf by:

…............................................... Mr N A Rogers Trustee

…............................................... Dr P Ramani Trustee

The notes on pages 7 to 13 form part of these financial statements

THE PARIVAR TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

1 Accounting policies

Accounting convention

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity is a public benefit entity as defined under FRS102. The Trustees consider that there are no material uncertainties affecting the ability of the charity to continue as a going concern.

Income

Income from donations is included in income when these are receivable, except as follows:

I. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods;

II. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.

Legacies are included on a receivable basis where charity is entitled to the income, it can be measured reliably and receipt is probable. 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 not included in income but is treated as a contingent asset and disclosed if material.

Investment income is included on a receivable basis.

Donations in kind comprise donated services where the costs are measurable and the services would otherwise have to be paid for to maintain operational effectiveness.

Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

NOTES TO THE FINANCIAL STATEMENTS

THE PARIVAR TRUST

YEAR ENDED 30 NOVEMBER 2022

1 Accounting policies (continued)

Charitable Activities

Grants awarded are allocated to charitable activities.

Grants awarded are treated as expenditure and a liability in the accounts as soon as they become legal or constructive obligations. In the case of multi-year grant awards, the funding for all years is immediately recognised unless there are conditions which need to be met by the recipient to enable the release of subsequent years’ funding.

Governance costs

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Governance costs are included within support costs.

Allocation and apportionment costs

Certain expenditure is directly attributable to specific activities and this has been included in those cost categories. Other costs, which are attributable to more than one category, are apportioned across cost categories on the basis of an assessment of workload carried out from time to time.

Fixed asset investments

Investments are included at market value at 31 November. The SOFA includes the net gains and losses arising on revaluations and disposals during the year.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.

Further explanation of the nature and purpose of each fund is included in notes of the financial statements.

THE PARIVAR TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

2 Income from: Donations and gifts

Donations Gift aid received	Unrestricted Funds £ 288,608 17,500	Restricted Funds £ - -	Total Funds 2022 £ 288,608 17,500	Total Funds 2021 £ 151,116 17,500
	306,108	-	306,108	168,616

Income from donations and gifts in the prior year was unrestricted.

3 Income from: Investments

Dividends	Unrestricted Funds £ 11,263	Restricted Funds £ -	Total Funds 2022 £ 11,263	Total Funds 2021 £ 8,311
	11,263	-	11,263	8,311

Income from investments in the prior year was unrestricted.

4 Expenditure on: Charitable activities

Direct Costs £ 215	Grants Payable (Note 5) £ 321,860	Support Costs (Note 6) £ 2,600	Total Funds 2022 £ 324,675
215	321,860	2,600	324,675
Direct Costs £ -	Grants Payable (Note 5) £ 255,900	Support Costs (Note 6) £ 902	Total Funds 2021 £ 256,802
-	255,900	902	256,802

THE PARIVAR TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

5 Analysis of grants

The total grants awarded to institutions during the year was as follows:

UK Band, Bristol One25 Life Cycle UK Triple 'H' Trust Changing Tunes Three Choirs Festival Eastside Community Trust Bristol Association for Daycare APE Project Beloved Life Education The Jessie May Trust *India* Sarada Mission Ramakrishna Mission Friends of Banyan Tree Total grants commitments made in the year Reconciliation of grants payable Commitments brought forward Net commitments made in the year Payments during the year Commitments carried forward	2022 £ 2,000 2,000 500 1,000 1,000 2,000 2,000 - - - - 230,860 80,500 -	2021 £ - 2,000 500 - 1,000 2,000 2,000 7,500 5,000 2,000 1,000 2,000 230,400 - 500
	321,860	255,900
	2022 £ 21,000 321,860 (326,060)	2021 £ - 255,900 (234,900)
	16,800	21,000

6 Support costs

Support costs, included in note 4, are as follows:

Bank charges Governance costs (Note 7)	Total 2022 £ 200 2,400	Total 2021 £ 122 780
	2,600	902

THE PARIVAR TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

7 Governance costs

Independent examiner's fees - for preparation of statutory accounts - for independent examination - for other services	Unrestricted Funds £ 1,056 864 480	Restricted Funds £ - - -	Total Funds 2022 £ 1,056 864 480	Total Funds 2021 £ 492 288 -
	2,400	-	2,400	780

8 Net income/(expenditure) for the year

This is stated after charging:

Independent examiner's fee - for preparation of statutory accounts - for independent examination - for other services Trustees' travel, meeting and training expenses	2022 £ 1,056 864 480 -	2021 £ 492 288 - -

No Trustees have been reimbursed for their out of pocket travel expenses (2021: Nil). No Trustee received any remuneration during the year.

Aggregate donations from Trustees, key management personnel, and other related parties was £288,182 (2021: £151,116).

9 Taxation

The charity is exempt from corporation tax on its charitable activities.

THE PARIVAR TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

10 Statement of Financial Activities comparative figures

Unrestricted Funds £ 168,616 8,311	Restricted Funds £ - -	Total Funds 2021 £ 168,616 8,311
176,927	-	176,927
256,802	-	256,802
256,802	-	256,802
90,175	-	90,175
536,230 10,300	- -	536,230 10,300
546,530	-	546,530
	2022 £ 547,012 - (18,339)	2021 £ 533,327 (76,490) 90,175
	528,673	547,012
	170,000	170,000
	2022 £ 2,400 16,800	2021 £ 780 21,000
	19,200	21,780

THE PARIVAR TRUST

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

13 Movement in funds

Year ended 30 November 2022

At 1 Dec 2021 £ 546,530	£ 317,371 Income and gains	£ (343,014) Expenditure and losses	Transfers £ -	At 30 Nov 2022 £ 520,887
546,530	317,371	(343,014)	-	520,887
	£ 267,102 Income and gains	£ (256,802) Expenditure and losses	Transfers £ -	At 30 Nov 2021 £ 546,530
536,230	267,102	(256,802)	-	546,530

14 Analysis of net assets between funds

Fixed asset investments £ 528,673	Other net assets £ (7,786)	Total 2022 £ 520,887
528,673	(7,786)	520,887
Fixed asset investments £ 547,012	Other net assets £ (482)	Total 2021 £ 546,530
547,012	(482)	546,530

15 Related party transactions

There are no transactions with trustees or other related parties other than those disclosed as required by the SORP elsewhere in the financial statements.

Audit Trail

Document Details

Title Financial statements 2022 (ID 200830).pdf	Title Financial statements 2022 (ID 200830).pdf
File Name Financial statements 2022 (ID 200830).pdf
Document ID 9666c970941c4ae8b793057a56389a90
Fingerprint 35f988b2f89948f4f8b7ef2c03e5982
Status Completed
Document History
Document Created	Document Created by Karen Chelton (karen@burton-sweet.co.uk) Fingerprint: bd48513f7b2d9eb3423ee04ce889846a	Feb 28 2023 12:34PM UTC
Document Sent	Document Sent to Nigel Albert Rogers (pioalbert@gmail.com)	Feb 28 2023 12:34PM UTC
Document Viewed	Document Viewed by Nigel Albert Rogers (pioalbert@gmail.com) IP: 31.185.232.165	Feb 28 2023 01:43PM UTC
Document Signed	Document Signed by Nigel Albert Rogers (pioalbert@gmail.com) IP: 31.185.232.165	Feb 28 2023 01:44PM UTC
Document Sent	Document Sent to Pramila Ramani (88ramani@gmail.com)	Feb 28 2023 01:44PM UTC
Document Viewed	Document Viewed by Pramila Ramani (88ramani@gmail.com) IP: 31.185.232.165	Feb 28 2023 01:54PM UTC
Document Signed	Document Signed by Pramila Ramani (88ramani@gmail.com) IP: 31.185.232.165	Feb 28 2023 01:55PM UTC
Document Sent	Document Sent to Joshua Kingston (josh.kingston@burton-sweet.co.uk)	Feb 28 2023 01:55PM UTC
Document Viewed	Document Viewed by Joshua Kingston (josh.kingston@burton-sweet.co.uk) IP: 83.219.35.27	Feb 28 2023 02:55PM UTC
Document Signed	Document Signed by Joshua Kingston (josh.kingston@burton-sweet.co.uk) IP: 83.219.35.27	Feb 28 2023 02:55PM UTC
Document	This document has been completed.	Feb 28 2023
Completed	Fingerprint: 35f988b2f89948f4f8b7ef2c03e5982	02:55PM UTC

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