## **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.
1
**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
2
## **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
3
**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: …………………………
4
## **THE PARIVAR TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 30 NOVEMBER 2022**
|**Note**
**Income from:**
Donations and gifts
**2**
Investments
**3**
**Total income**
**Expenditure on:**
Charitable activities
**4**
**Total expenditure**
**Net gains/(losses) on investment**
**11**
**8**
**Total funds at start of year**
**13**
**Total funds at end of year**
**13**
**Net income/(expenditure) and**
**net movement in funds**|**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**
5
## **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**
6
**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.
7
**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.
8
## **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**
|Provision of services
**Prior year comparative**
Provision of services|**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|
9
## **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|
10
## **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.
11
## **THE PARIVAR TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 30 NOVEMBER 2022**
## **10 Statement of Financial Activities comparative figures**
|**For the year ended 30 November 2021**
**Income from:**
Gifts and donations
Investments
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
Net gains/(losses) on investments
**Net income/(expenditure) for the year**
**and net movement in funds**
**Total funds at start of year**
**Total funds at end of year**
**11 Investments**
Market value at 1 December
Proceeds on disposal
Net gain/(loss) on revaluations in the year
Market value at 30 November
Historical cost at 30 November
**12 Creditors: amounts falling due within one year**
Accruals and deferred income
Grant commitments (Note 5)|**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|
12
## **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**
**£**
**Unrestricted funds**
General funds
546,530
**Total funds**
546,530
**Year ended 30 November 2021**
**At 1 Dec**
**2020**
**£**
**Unrestricted funds**
General funds
536,230
**Total funds**
536,230|**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**
|**As at 30 November 2022**
Unrestricted general funds
**As at 30 November 2021**
Unrestricted general 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.
13
## 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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