THE PARIVAR TRUST
FINANCIAL STATEMENTS 30 NOVEMBER 2024
Charity number 1032529
THE PARIVAR TRUST
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
| 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 - 11 |
THE PARIVAR TRUST
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 30 NOVEMBER 2024
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”.
Achievements and Performance
In this financial year the trustees have made grants totalling £428,830. They have continued funding English charitable organisations as in previous years, mainly to charities in Herefordshire and the Bristol area, with donations totalling £16,500.
The trustees are still supporting various branches of Sarada Mission in India, including for building an extension to a girls’ school at Siriti, Calcutta. The trustees have made grants for GAP projects in various locations in India run by Ramakrishna Mission, which provide activities in schools for the physical and mental development of underprivileged children. Further donations have been made to Ramakrishna Mission for the continuing construction of a boys’ primary school and hostel building at Taki in West Bengal, which is expected to be completed by autumn 2025.
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.
Total Funds as at 30[th] November 2024 were £569,308 of which (£69,625) are considered to be free reserves of the charity. As at the year end, the charity is holding £638,933 in investments that can be utilised to cover the deficit in the year.
Attached to this report is the Statement of Accounts for the Trust for the year ended on 30th November 2024.
Structure, Governance and Management
The Parivar Trust was established by Trust Deed dated 30th December 1993.
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THE PARIVAR TRUST
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 30 NOVEMBER 2024
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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
Jun 10 2025
on ……………………………………….
………………………………………..
Mr N A Rogers Trustee
……………………………………….. Dr P Ramani Trustee
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THE PARIVAR TRUST
REFERENCE & ADMINISTRATIVE INFORMATION
YEAR ENDED 30 NOVEMBER 2024
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
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THE PARIVAR TRUST
INDEPENDENT EXAMINERS REPORT
YEAR ENDED 30 NOVEMBER 2024
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 2024.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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
Jun 10 2025
Date: ………………………………………..
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THE PARIVAR TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30 NOVEMBER 2024
| Note Income from: Donations and gifts 2 Investments 3 Other Income Total income Expenditure on: Charitable activities 4 Total expenditure Net gains/(losses) on investment 6 Total funds at start of year Total funds at end of year Net income/(expenditure) and net movement in funds |
Total Funds 2024 £ 368,833 23,269 30 392,132 228,220 228,220 77,503 241,415 327,893 569,308 |
Total Funds 2023 £ 350,892 11,930 300 363,122 563,873 563,873 7,757 (192,994) 520,887 327,893 |
|---|---|---|
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.
All movements are in unrestricted funds.
The notes on pages 7 to 9 form part of these financial statements
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THE PARIVAR TRUST
BALANCE SHEET
AS AT 30 NOVEMBER 2024
| Note Fixed assets Investments 6 |
2024 2023 £ £ 638,933 636,430 |
|---|---|
| Current assets Cash at bank and in hand |
638,933 636,430 41,535 6,643 |
| Liabilities Creditors : amounts falling due within one year 7 |
41,535 6,643 (106,960) (206,780) |
| Net current assets Creditors : amounts falling due within more than one year 8 |
(65,425) (200,137) (4,200) (108,400) |
| Net assets | 569,308 327,893 |
| FUNDS Unrestricted funds General funds |
569,308 327,893 |
| Total funds | 569,308 327,893 |
| Jun 10 2025 |
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 9 form part of these financial statements
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THE PARIVAR TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
1 Accounting policies
Accounting convention
The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and 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.
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.
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.
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.
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THE PARIVAR TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
1 Accounting policies (continued)
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.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
2 Income from: Donations and gifts
| Donations Gift aid received Income from: Investments Dividends |
Total Funds 2024 £ 368,833 - 368,833 Total Funds 2024 £ 23,269 23,269 |
Total Funds 2023 £ 342,142 8,750 350,892 Total Funds 2023 £ 11,930 11,930 |
|---|---|---|
3 Income from: Investments
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THE PARIVAR TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
----- Start of picture text -----
4 Charitable expenditure
The total grants awarded to institutions during the year was as follows:
2024 2023
£ £
UK
Coram Life Education Bristol 1,000 -
One25 - 2,000
Life Cycle UK - 500
-
St Paul's Adventure playgroup 2,500
Changing Tunes 2,000 4,000
Beloved 2,500 -
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Eastside Community Trust 2,500
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APE Project 2,000
The Jessie May Trust 2,000 2,000
Prisoners' Education Trust 2,000 2,895
Nelson Trust - 1,000
-
Easton Community Children's Centre 5,000
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James Hopkins Trust 2,000
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Ataxia Telangiectasia Society 2,000
India
Sarada Mission 76,920 39,000
Ramakrishna Mission 131,210 499,500
Friends of Banyan Tree - 500
Total grants commitments made in the year 224,630 560,395
Support costs are as follows:
Total Total
2024 2023
£ £
Bank charges 375 150
Independent examiner's fees:
- for preparation of statutory accounts 1,214 1,135
- for independent examination 994 929
- for other services 552 516
Trustee expenses (2 trutees) 455 748
3,590 3,478
Total expenditure 228,220 563,873
----- End of picture text -----
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THE PARIVAR TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
4 Charitable expenditure (continued)
| Reconciliation of grants payable Commitments brought forward Net commitments made in the year Payments during the year Commitments carried forward Split of commitments carried forward: Grant commitments due within one year (Note 7) Grant commitments due within more than one year (Note 8) |
2024 £ 312,600 224,630 (428,830) 108,400 104,200 4,200 108,400 |
2023 £ 16,800 560,395 (264,595) 312,600 204,200 108,400 312,600 |
|---|---|---|
No Trustee received any remuneration during the current year or preceeding year.
Aggregate donations from Trustees, key management personnel, and other related parties was £368,833 (2023: £342,142).
5 Taxation
The charity is exempt from corporation tax on its charitable activities.
6 Investments
| Market value at 1 December Acquisitions at cost Proceeds on disposal Net gain/(loss) on revaluations in the year Market value at 30 November |
2024 £ 636,430 - (75,000) 77,503 638,933 |
2023 £ 528,673 484,577 (384,577) 7,757 636,430 |
|---|---|---|
7 Creditors: amounts falling due within one year
| Accruals and deferred income Grant commitments (Note 4) |
2024 £ 2,760 104,200 106,960 |
2023 £ 2,580 204,200 206,780 |
|---|---|---|
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THE PARIVAR TRUST
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
8 Creditors: amounts falling due within more than one year
| Grant commitments (Note 4) | 2024 £ 4,200 4,200 |
2023 £ 108,400 108,400 |
|---|---|---|
9 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.
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