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2020-12-31-accounts

THE BEDE GRIFFITHS CHARITABLE TRUST

Registered Charity No: 1106071

Annual Report and Accounts

for the year ended 31 December 2020

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Fr Bede Griffiths
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THE BEDE GRIFFITHS CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS 2020

TABLE OF CONTENTS

Page(s)
Reference and Administrative Details 2
Report of the Trustees 3 - 9
10
Statement of financial activities 11
Balance sheet 12
Notes forming part of the financial statements 13 - 17

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THE BEDE GRIFFITHS CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS 2O20

REFERENCE AND ADMINISTRATIVE DETAILS

Patrons Adrian Rance-McGregor, BA Colonel Robert (Bob) Stewart, DSO, MP Rev Dr Christopher Collingwood MA, BMus, PGCE, MA, PhD, LRSM Susan Collingwood CertEd, ITEC

Registered and Principal Office 120 Dukes Avenue Theydon Bois Epping, Essex CM16 7HF Secretary@bgct.org.uk Bankers HSBC Canterbury Kent

Independent Examiner

David Moir

Website www.bgct.org.uk

The Trustees at the time of the approval of this Report are set out below. They acted for the whole of the year ended 31 December 2020, except as otherwise stated -

Hiten Anand, BSc Mark Bradberry Chair René Cadet Appointed as a Trustee 1 November 2020 Carolyn Carter, DipMagLaw, JP Minute Secretary Lucie-Jane Lewis, MBE Philippa Mistry-Norman, BA, Dip Membership Secretary Greville Norman, BSc(Econ), CPFA, AGP Hon Treasurer and Hon Secretary Dr Anthony Pruss, BSc, PhD, MBBS, LRCP, MRCS, AFOM Deceased 10 April 2020 Rosemary Pruss Michael Pruss, BA, MFA Appointed as a Trustee 5 April 2020 Richard van Maanen, BSc, FRICS, ACIArb, ACsIOB Retired as a Trustee 1 November 2020

The Bede Griffiths Charitable Trust is a Charitable Trust governed by a Constitution amended on 21 August 2016 and registered with the Charity Commission, number 1106071.

The governing body of the Trust is the Committee, which comprises from 5 to 11 Trustees, who are elected by the membership for periods of three or four years. At the end of 2020 and at the time of approving this report there were 9 Trustees.

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REPORT OF THE TRUSTEES

The Trustees present their report along with the financial statements of the Charity for the year ended 31 December 2020. The financial statements have been prepared using the accounting policies set out in Note 1 to the financial statements and comply with the requirements of the Charities Act 2011 and 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 (FRS 102) (second edition) .

Objectives and activities

The Bede Griffiths Charitable Trust was formed in 2003 and registered with the Charity Commission in 2004 with the following objects, unchanged by the constitution amended in 2016 -

  1. The advancement of religion in particular to promote understanding and co-operation between the major religions and faith communities of the world.

  2. The relief of poverty in the Indian sub-continent by the provision of such grants as the trustees shall determine from time to time, with particular reference to the work and vision of Father Bede Griffiths.

Father Bede Griffiths was an English Benedictine monk who went to live in Southern India i other half of or the last 35 years of his life, first helping to establish a Christian ashram in Kerala and then taking over the spiritual leadership of the Saccidananda Ashram (better known as Shantivanam https://www.shantivanamashram.com) near Trichy in Tamil Nadu. He wrote many books and spoke in many parts of the world promoting interfaith understanding and dialogue. As well as being a great spiritual teacher, Father Bede actively supported the poor and destitute in the villages around Shantivanam. Further information about Bede Griffiths is at www.bedegriffiths.com and https://bedegriffithssangha.org.uk/. Brother Martin, a friend and disciple of Father Bede and one of the community at Shantivanam, suggested that the Trust was formed in Father Bede e to help projects initiated by the Ashram and by individuals associated with the Ashram.

The Trust fulfils its objects by making grants to charitable projects in India initiated and managed by local people known to the Trustees, and many of the Trust s supporters, in response to the social and economic needs of the most disadvantaged people. The projects are in villages within around 10 miles of the Ashram, called Thannirpalli, Pattavarthi, Veerambur and Inungur. In January or February each year the project managers in India submit an application to the Committee for grants for their financial year commencing in April, common to all Indian charities. Applications are normally accompanied by a financial statement of income and expenditure of the project in the previous year and/or by audited accounts.

The Trust is supported by members of the Bede Griffiths Sangha, an active community of followers of Father Bede which was founded in 1993 (see https://bedegriffithssangha.org.uk/), by Mead Schools and a wider community inspired by the work of the Trust itself and its projects. Support for the Trust is largely but not exclusively in the UK and there are organisations named after Fr Bede in the USA and many parts of Europe.

Achievements and performance

Cumulatively to 31 December 2019

Cumulatively from its formation to 31 December 2019 the Trust had raised £881.3k mostly in donations and gift aid, with a little income from sales, events and interest.

The Trust made grants up to 31 December 2019 to fund the following major infrastructure

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REPORT OF THE TRUSTEES

Achievements and performance (continued)

Grants were also made up to 31 December 2019 to contribute towards -

In July 2020 the Trust launched its new website www.bgct.org.uk containing videos, links to VirginMoneyGiving and to other relevant sites. The site was developed largely by two of the Trustees and at little cost to the Trust.

Financial Review

The year to 31 December 2020

The year 2020 was, of course, very unusual because of the Covid19 pandemic. The increasing number of fundraising activities planned by Trustees and members such as coffee mornings, dinners, jumble sales, quizzes, walks and climbs had to be postponed or cancelled. The Trust is, however, very fortunate in that

In 2020 gross income was £64.7k. (2019 - £105.5k.). Total expenditure for 2020 was £69.7k. (2019 - £76.0k.).

The Trust made grants in 2020 of £67.65k to the following projects

The majority of the running costs of -

The accounts for 2020 also provide a constructive obligation for an instalment of grant to BLESS of £1.45k which was approved in the year and of which BLESS was informed in the year but which was paid early in 2021.

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REPORT OF THE TRUSTEES

Financial Review (continued)

Swami Bede Dayananda Trust distributing food to the elderly Saccidananda Ashram distributing food

Home teaching by the Timothy Pruss Memorial School

Photos taken during the pandemic

In normal circumstances the Trust sends its grants to the four Indian charities it supports only once a year, except for the Timothy Pruss Memorial School to which grants are transmitted each term. Because of the pandemic and because donors and fundraisers responded to the needs of the poor during the pandemic, grants were sent more frequently, so that grants as large as possible could meet those needs as soon as possible. Crises such as the pandemic affect the poor disproportionately, of course, because lockdown prevented many breadwinners from working and many families live hand-to-mouth.

The cost of generating voluntary income was £27 and governance costs, for Trustees insurance were £293. Because the AGM was held online in 2020, there were no costs associated with it.

The Trustees confirm that since the year end they are not aware of any events that would have a material detrimental impact on its position.

Impact

Although the Trust is undeniably small, averaging a turnover of around £55k pa over approximately 17 years of operation, it has had a disproportionately significant impact on its beneficiaries for the following reasons -

When determining grant allocations, trustees have had regard to the guidance issued by the Charity Commission on public benefit. In doing so, trustees have been mindful that, as a charity for the relief of poverty, the Bede Griffiths Charitable Trust is required to satisfy the pect only. The charity does not have a purpose which is for the benefit of named individuals, whether or not they are poor.

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REPORT OF THE TRUSTEES

Reserves Policy

The Trust maintains an unrestricted fund and 8 restricted funds. The unrestricted fund is applied to meet both the balance of grants for restricted funds which do not have sufficient cash and grants for which there is no restricted fund.

The Committee tends to make its final grant-making decisions in April and many of its grant payments in April or May. The Trust has no commitments to its beneficiaries and usually makes grants as large as may be using only the cash at its disposal in appropriate funds at the appropriate time. For the past few years the Trust has been in a position where it has needed to ration many grants as compared with grant applications. It does not borrow.

Trustees recognise that donors generally give money so that it can be applied to projects within a relatively short timescale and the Trust has used all, or very nearly all, of the cash in most of its funds by the end of April or May. It is able to do so because it has no staff, very little in the way of support costs and because it receives regular donations, usually monthly, from its supporters to its unrestricted and restricted funds.

An acknowledged consequence of this policy is that the Trust s ability to make grants in 2021, for instance, is heavily dependent on donations, fundraising and gift aid in the months after April of 2020 and during the first four months of 2021.

The Trust does, however, take a medium-term view of its ability to make grants in the future through a detailed 18month cash budget, updated each month, which takes into account current cash in its funds and forecasts, given its regular donations, future income on which it can reasonably rely.

At the end of 2020 reserves were £4,020 of which £2,991 was cash (cf £1,985 at the end of 2019, £1,757 cash).

Future Plans

Project managers in India are aware of the Trust reserves and grant-making policy. On whatever scale the Trust can support them, its activities continue to improve the lives of its ultimate beneficiaries.

The Trust has a fundraising strategy and intends to resume at least one major fundraising event each year when circumstances permit.

Budgeted expenditure for 2021 based on cash and forecast income is around £60k but actual expenditure will depend on what cash is available in applicable funds at the appropriate times. In 2021 the Trustees plan to continue to make grants towards

Investment Policy

The Trust has insufficient funds to consider long term investments. The Tru current policy is to keep any surplus liquid funds in a deposit account with its bankers, HSBC, and to maintain liquidity by regular transfers from the current to the deposit account and vice versa. Around £500 is normally kept in the current account and the remainder in the deposit account.

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REPORT OF THE TRUSTEES

Risk Management

The Trustees seek to conduct business within a framework of good governance, prudent financial control and sustainability. In principle, the Trustees believe that the framework suggested by the Charity Commission offers a comprehensive and coherent methodology, and it has been adopted by the Trust.

The Trust therefore considers its major risks under the following categories:

Governance and management Operational risks Finance risks External risks Law and compliance risks

The trustees are concerned that its resources have been able to meet a diminishing proportion of the funds requested by some of the projects it supports and have kept project managers informed of this. The sterling/ Rupee exchange rate continues to be a concern though the Trust has made it clear that this risk is borne by the Indian charities. The Trust has insufficient funds to mitigate exchange rate risk.

Because the Trust allocates grants solely to projects in India and does not employ agents in that region, trustees need to pay particular attention to questions of actual need and the proper expenditure of funds in relation to those needs. Of the risks identified in the risk register, the most challenging therefore are the risk of fraud or error, on the part both of the Trust and of project managers, and the risk of inappropriate use of funds by the projects in India. To mitigate against these risks, the Trust applies due diligence to all its own financial processes and requires the same on the part of the Indian charities by means of a memorandum of understanding with each. Monitoring of expenditure is achieved through an agreed reporting process in combination with face-to-face meetings with project managers when trustees visit India.

Long trips are therefore unavoidable. Trustees have decided that they must give themselves adequate time for travel to reduce risk of injury/ illness and that flying, though environmentally damaging, is an acceptable mode of transport where feasible. Trustees bear the costs of visits themselves.

The Trustees have insured their liabilities as trustees.

Structure, governance and management

The Trust adopted a formal membership scheme in August 2016. At the time of approving this report, its membership was just over one hundred. Members are kept informed during the year by the circulation of newsletters of which there were four in 2020.

Members of the Committee are appointed at Annual General Meetings, usually on the recommendation of the Committee. The Com ecommendations were based on the Comm the skills, commitment and charities experience of the individual and on the basis of his/ her familiarity with the work of the Trust and the projects it supports.

The Trust s AGM 2020, which had been arranged to take place in April at Magdalen College, Oxford, where Fr Bede studied, had to be postponed owing to the coronavirus pandemic and, following consultation with the Charity Commission, was held online very successfully and without cost on 1 November 2020.

The Trustees meet formally at least three times a year but there is frequent consultation amongst the Trustees outside formal meetings, particularly amongst those with specific responsibilities. During 2020 only the first meeting was a physical meeting and the two other meetings of the Committee took place online, because of the pandemic. The Trust s constitution provides for such meetings.

In addition a number of Trustees would normally visit one or more of the projects in India at their own expense at least once a year. The purpose of such visits is partly to satisfy trustees, grantors and donors that the projects are

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REPORT OF THE TRUSTEES

being managed properly and that the outcomes of the projects are generally as agreed with the Trustees when considering applications for funding. No such visit took place during 2020.

In November 2019 Tony and Mary Pruss had led a party of eleven people, including representatives of the Rotary Club of Lymington and their son, Michael, to visit the Timothy Pruss Memorial School. On Good Friday 2020 Dr Tony Pruss, aged 73, died peacefully at home while serving as a Trustee. He had been suffering from cancer for about 14 years. Before, during and after the trip to India above he suffered complications. Tony was an extremely generous donor to the Trust, an extremely active fundraiser, a Trustee for 6½ years and a supporter since 2007. He was also extremely well-loved and has been and will continue to be sorely missed by those who knew him socially and in all his many roles. Donations to the Trust of £6,600, including gift aid, were made in Tony s memory for the School named after his late younger son, Tim.

The late Tony Pruss ( third from left ) and the visit he led to the Timothy Pruss Memorial School in November 2019 and the multi-purpose hall at the School largely funded by a marathon run by Mike Pruss and Rene Cadet

Shortly before Tony s passing, Michael Pruss Tony and Mary s older son - was appointed as a Trustee. His appointment was confirmed at the Trust s AGM on 1 November 2020. At that meeting Richard van Maanen resigned as a Trustee and René Cadet was also appointed as a Trustee.

The Trust has no staff but it has the considerable continuing commitment and voluntary input of its Officers and other Trustees.

Statement of Trustee

sibilities

Law applicable to charities in England and Wales requires the Trustees to prepare statements for each financial year that give a true and fair view of the ch ng the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and -

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable laws, and regulations. 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.

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REPORT OF THE TRUSTEES Independent Examiner Mr Roger fimms, FCA has stood down as the Trust's Independent Examiner. He had been the Examiner for 10 years free of charge. Trustees are enormously grateful to him. Trustees are also very grateful indeed to David Moir who has agreed to take on the role. He was appointed by the Annual General Meeting on l November 2020. Approved by the Trustees on 24 January 2021 and signed on their behalf by- Greville Norman Hon Secretary Page 19

REPORT OF THE INDEPENDENT EXAMINER I report to the trustees on my examination of the accounts of the Bede Griffiths Charitable Trust for the year ended 31 December 2020. Responsibilities aThl ba515 of As the chartty's trustees, you are responsible for the preparation of the accounts in report accordan￿ with the requirements of the Charities Act 2011 {"the Art"). I report in respert of my examination of the Tru5Ys accounts carried out under section 145 uf the 2011 Act and in carrying out my examlnation, I have followed all the applicable Directions given by the Charity Commission under settion 14515}{bl of the Art. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that In, any material respect- the accounting records were not kept in accordan￿ with section 130 of the Chartties Art; or the accounts did not accord with the accounting records: or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts ar)d Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no COn￿rnS and have come across no other matters in connection with the examination to which attention should be drawn in this reF)Ort in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: David Moir Address: 30 Howard aose. Waltham Abbey. Essex. EN9 IXA Page 110

THE BEDE GRIFFITHSCHARITABLETRUST TRUSTEES. ANNUAL REPORT ANDACCOUNTS 2020 STATEMENT OF FINANCIALAcfivinES For theyear ended 31 December 2020 Unrestrftted Restrlrted funds income Funds Total funds 202 2020 2020 Notes In¢ome and endowments from- Donations and legacies 6.749 56.977 63,726 920 920 38 Inve5tment5 Other incorne 38 Total 6,787 57,897 64,684 EMpendltureon- 169,3411 169.3411 Other Tot31 169,3671 169.6611 111,4701 14,9771 4,458 Net Incomel lexpendlturel Transfers between funds 6,493 14,4581 2,035 Net movement in funds 14.9771 Reton¢iliation of funds- Total fund5 brought forward Tot31 fund5 carried forward 1,985 4,020 47.836 49,821 44,844 40,824 For theyear ended 31 December 2019 Unrestrirted Restricted fund$ Incomefunds Total funds Z019 2019 2019 Incorne and endowments from- Donation5 and le8acies 3,548 101,054 104,602 860 860 55 Invesimenis Other income 55 Total 3,603 101,914 105,517 Expenditureon- 14291 14311 175,2481 175,2661 3221 175,6771 176,0191 Other 3221 13421 Total Net I￿oMe/ lexpenditurel Transfers between funds 3,E61 13.7671 15061 26,237 3.767 29,498 Net movement in funds 30,( 29,498 Reconciliation of fund5- Total fund5 brought forward Total fund5 carried forward 2,491 1,985 17,832 47.836 20,323 49,821 Page 11

TIIE BEOEGRIFFmis CHARifABiE TRU5r TRU51EES' ANNiJAiREPORT AIIO ACCOiIFffj I 8AiA14CE STrIEET 20 Cashèt bartka￿l in 39,117 7.177 46,075 3.746 Total currerfa55ets 49.821 Amourtsfallin8duewitln ohe 1.450 49.821 Tot1 fitt 55tts 44 49ml fte5t￿ed income fvJnd5 40.824 47.836 Totsl th•rltyfiM 49J21 BIIADSEItRY 5TATEMEpifoF CA5HFUJWS Net cash prtythd tyl ILfyÉd inl operatinganNiis 6,958 30.251 intheyear Cashandta5h equN•lents 251 46￿75 15M4 theyear 39.11? 46.075

THE BEDE GRIFFITHSCHARITABLETRUST TRUSTEES. ANNUAL REPORT ANDACCOUNTS 2020 Note5 forming part of the financial statement5 For the period ended 31 December 2020 Prlnclpal accountlng pollcles 1.1 Attounting tonvention The financial staiemenrs are prepared under ihe historical cosr convention and in 3ccordan¢e with applicable accounting standard5. In prep3ringthe financial 5t3tement5 the charity follow5, except where indicated below, the Standards of the Statement of Recornmended Practice for Charitie5. The Tru5tees' policy 15 that the Trust 5hoLJld adopt best practice. Accordingly the Trustees have decided to account on an accruals basis. 1.2 Flxed assets The Trust has no fixed a55ets. A55ets of the Trustees. such as computer equipment and use of their horne5 for meetings, are made available forthe benefit of the Trust at no charge. i.a Incomlng resources Donètions are recognised in the period in which the Trust is entitled to receipt and receipt is probèble. Income is deferred only when the charity has to fulfil conditions before becoming entitled ro Ir or where the donor has specified that the income 15 to be expended in a future period. The Trust received and was advised of no le8acies in 2020 or 2019. 1.4 Resources expended Expendirure Is accounred for on an accruals basis and allocated to the appropriate heading in rhe accounts. 8rant5 have been approved by the Committee and notified to the Indian charity a5 being due in the year concerned but. for whatever reason. were not paid in that year. 1.5 Charitable expenditure and basis of allocation ol costs The Trust has no 5t3ff, no salaries and its only governance cost5 related to Tru5tees' insurance. hank charges in seneratln8 voluntary income and in transferrin8 fund5 to India and, occasionally, in buyin8 Soods for sale. These costs are allocated directly to appropriate funds and. being imm&erial. are otherwise met from 1.6 Glfts In klnd Voluntary incorne recewed by way of donation5 to the charity 15 included in full in the Statement of Finaniial Acrivities when receivable Gifts in kind are included at market value and as ￿$oUrCeS expended at the same value when disiributed, except for time devoted to the Trust or costs Incurred by the Trustees for the Trust unless these 3re reimbursed. 1.7 Fund accountlng The Trust meeis it5 object5 almost exclusively by m3king grants to charities in Tamil Nadu, India. restricted funds for each of those charities, each of which may have one or more than one purpose and 3ctivty. In the 13tter case the Trust may maint3in restritted funds for some of those individu31 actiwties 3$ well as for the is, and Since the formation of the Trust has been, credited to the same fund as the donations which gave rise to it except where the donor has expre551y requested to the contrary. Fund5 held bythe Trust are either- Unrestrirted generolfunds these are fund5 which can be used In accordance wilh the chariiable objects at the discretion of the Trustee5. or Restrirtefl incomefunds these are funds that can only be used for particular restri¢ted purposes narrower than the objects of the Trust. Restrictions arise when specified by the donor or when funds are raised for The Trust has no endowment and no de5i8nated funds. 1.8 Transfers All fund5 are held for the Trust. Transfers m3y be executed for projects which h3ve been complèted but have a remaining surplus. Transfers from restricted funds have taken place only With the donor's consent. Trustees agreed transfers from ihe unrestricted fund to restrirted funds to meet 3ny expenditure In those restricted funds forwhich there is insufficient restricted income. 1.9 Irrecoverable Value Added Taxatlon The Trust is not registered for V31ue Added Tax. Irrecoverable Value Added Taxation 15 388re8ated with the expenditure to which it relate5. Page 13

THE BEDE GRIFFITHSCHARITABLETRUST TRUSTEES. ANNUAL REPORT ANDACCOUNTS 2020 Notes forming part of the financial statements Forthe perlod ended 11 December 2020 Detsiied Income and expendlture account From formation to 310e£ember 1018 Frorn formation to 31 December 2010 2019 2020 Incoming resources From generated fund5- Voluntary income- Gift aid Donations Total voluntary Income Total fund generatlngartlvtties Total investment income Totsl from generated fund5 Totsl Incomln8 resources 113,352 65a,736 767,OS8 6,727 1.983 775.798 775,798 8,761 95,841 104,602 860 55 105.517 105.517 8,743 54,982 63,725 920 39 64,684 64,684 130,856 804,559 935,415 8.507 2.077 945.999 945.999 13.8% 85.1% 98.9% 0.9% 0.2% l(M).O% ioo.o% Resources expended Cost of 8eneratlng fund5- Costs of voluntsry Income- Bank ch?rges 10.2%1 11401 11401 Postage Publicity Total costs of voluntary incorne Total costs of goods sold Total Investment management costs Total ￿st of 8eneratlng funds 16371 12.m71 13,9641 10.1%) 10.3%) 10.4%1 12,4651 13,9641 5,971 431 271 16,429 10.7% Costs of transmittingzrants Grants- 12.9341 13.3431 10.4%) 18.1441 1735,7551 743,8991 746,833 18,1441 169,1031 1879,9531 169,1031 888,0971 169,3411 891,440 10.9%) 193.0%1 193.9% 94.3% To organi53tiOn5 Total grants Total £harltable acttvlttes 175,0951 175,095 75,266 Governance and other costs- Hire of room Offiie expen5e5 14661 10.3%) Website Other costs Total governanceand other costs 12031 3011 2,671 129 322 1330 13,286 2931 10.3% Total resources empended 1755N751 176,0191 169,6611 1901,1551 195.3%) Net intomel ewenditure 20.323 29.498 14.9771 44.844 4.7% Funds by 20,323 49,821 Funds c'f 20,323 49.821 44￿44 44,844 4.7% Page 14

THE BEDE GRIFFITHSCHARITABLETRUST TRUSTEES. ANNUAL REPORT ANDACCOUNTS 2020 Summary oflund movements Fund balance at ai December In the year ended 31 December 2020 Fund balance at l January Z020 Intome Expentliture Transfers 2020 Name of fund- Tirnothy Pru55 Mernorial School A5hrams' social progran)me5- Ananda Ashram Swami Bede Oayananda Trust Friends of Shanrivan?m- Home forthe Elderly Veerambur and houses Education Total restricted incorne funds Unrestricted fund Total funds 40,807 1,558 39.381 3,736 I,￿9 575 10,116 379 1.051 750 57.897 6,787 64.684 143,5581 36,630 1,155 740 205 1,716 150 14,1391 3,654 2,998 967 293 685 15,6241 150 2,196 248 1.481 595 47,836 1,985 49.821 228 40,824 4,020 44.844 169.3671 4,458 14,4581 169.6611 Fund balanee at Ji December In the year ended 31 December 2019 Fund balance at l January 2019 Income Expenditure Transfers 2019 Name of fund- Timothy Pruss Memorial School Ashrams, soci31 programme5- Ananda Ashram Swami Bede Oayananda Trust Friends of Shantivantm Home forthe Elderly Veerarnbur and house5 Education Total restrlcted Income funds Unrestrlcted fund Total funds 11,536 1,962 651 250 2.643 370 82,199 3,017 3.800 yjo 7.848 1.494 1.481 1,175 101,914 3,603 105,517 152,92È1 40,807 1,558 801 150 2.196 13,4211 2.196 4.992 14.2441 3.294 950 15,8461 15.9921 14.0511 14.9101 1,481 595 47,836 1,985 49,821 420 17,832 2,491 20,323 I,￿0) 175,6771 3421 176,0191 3,767 3,767 Summary ollund balances Amounts Net assets Other falling due atjl curreni wlthln one December assets vear 2020 At 310ecember 2020 Cash at bank and In hand Name of fund- rimoihy Pruss Memorial School Ashrams, social programmes- Ananda Ashram Swami Bede Dayananda Trust Friends of Shantivanam Home forthe Elderly Veerarnbur and house5 Education Total restrl¢ied Income funds Unrestricted fund Total funds 33,675 549 527 164 976 120 4,405 606 213 41 740 30 11,4501 36,630 1.155 740 205 1,716 150 115 36.126 2.991 39,117 39.117 113 6,148 1,029 7,177 7,177 228 40,824 4.020 44,844 44.844 Amounts Net assets Other falling due t51 curreni wlthln one December assets vear 2019 11,4501 11,4501 11.4501 At 31 December 2019 Cash at bank and In hand Name Df fund. rimoihy Pruss Memorial School Ashrams, social programmes- Antnda Ashram SwaTni Bede Day3n3nd3 Trust Friends of Shantivanam Home forthe Elderly Veerambur and house5 Education Total resirl¢ied In¢ome funds Unrestri¢ted fund Total funds 38,429 1.252 620 120 1.824 196 2,378 306 181 30 372 52 40,807 1.558 801 150 2,196 248 1,481 595 47,836 1.985 49,821 397 42.838 1.757 44,595 198 3,517 228 3,745 Page IS

THE BEDE GRIFFITHSCHARITABLETRUST TRUSTEES. ANNUAL REPORT ANDACCOUNTS 2020 Analysi5 of grants Support costs attrlbuted to 6rant- making In the year ended 31 December 2020 Gr4Trtsto institutions Grant5 to Totsl Name of fund- Tirnothy Pru55 Memorial School A5hrams' social programme5- An3nd3 Ashram Sw3mi Bede Oayananda Trust Friends of Shaniivanam- Home for Ihe Elderly Veerambur and houses Edu¢3tion Total restricted incorne funds Unrestricted fund Total funds 43.465 68 43,533 5,5 3,500 11,478 770 3.200 i.ioo 69.103 34 17 85 5,624 3,517 11,563 770 3.217 1.117 69,341 17 17 238 69.103 238 69.341 Support costs attrlbuted to 8rant- making In the yearthe ended 31 Oetember 2019 Grant5 to institutions Grants to Totsl Name of fund- Timothy Pru55 Men)orial School Ashrams, social programmes- An8nd3 Ashram Svtr?ml Bede Day?nanda Trust Friends of Shantivanam- Home forthe Elderly Veerarnbur and house5 Education Total restrlcted Income funds Unrestrlcted fund Totbl funds 52,570 68 52,638 5,690 5.975 4.LKIO 4.910 950 I,￿)0 75,095 17 17 51 5,707 5,992 4.051 4.910 950 I,O(rt) 75,248 18 75,266 153 18 171 75.095 The support costs attributed to grant-makingconslst entirely of bank charges In both years. Analysis of costs not attributed to 6rant-makin6 8ank and In the year ended 31 December 2020 Trustees. Insurance AGM cost5 char8e5 Totsl Name of fund- rimothy Pruss Memorial School Ashrams, social programmes- Ananda Ashram Swami Bede Dayananda Trust Friends of Shanti¥an3m Home forthe Elderly Veerambur and house5 Education Total restrlrted Income funds Unrestri¢ted fund Total funds 25 25 26 26 294 320 294 294 26 Bank and In the year ended 31 December 2019 Trustees. Insurance AGM c05t5 charge5 Totsl Name of fund. rimothy Pruss Memorial School Ashrams, social programmes- Ananda Ashram Swtmi Bede Dayan3nd3 Trust Friends of Shantivanam Home forthe Elderly Veerarnbur and houses Education Total restrlcted Income funds Unrestrlcted fund Total funds 290 2W 139 139 429 429 293 293 29 29 324 753 431 Page 16

THE BEDE GRIFFITHSCHARITABLETRUST TRUSTEES. ANNUAL REPORT ANDACCOUNTS 2020 Debtors and prepayments At JI December 2020 2019 Gift 3id receivable frorn HMRC Charitie5 Prepayment5 6,951 226 7,177 3,519 227 3,746 8. Amounts falllng due wlthln one year At 31 December 2020 2019 1.450 1.450 Construttive obligation The obligation is the remainder of a grant for operating costs of the Timothy Pruss Memorial School which was approved by the Committee in 2020 and of which approval was communicated to the School. Paymeni of li was deferred until e3rly 2021 at the School's request. 9. Reconclllatlon of net Incomel lexpendlturel to net cashflowfrom operattngartlvltles 2020 2019 Net incomel lempenditurel 3$ per Statement of Financial Attwities Adjustments for- 14.9771 29.498 1,450 13,4311 16,9581 46,075 39,117 Ilncre3sel/ decrease in debtors and prepayment5 Net cashfiow from operatln8 actlvltles Cash balance at the beginning of the year Cash balance at the end of the year 753 30,251 15,824 46,075 10. R￿￿ed partytransartlons No payment5 were rnade to Trustees or their familie5 in 2019 or 2020 except on production of vouchers for expenses incurred for the Trust. The total of such expenses in 2020 for the costs relating to a fundraising event. was £79 8nd in 2019 for website software, £184. Expenses incurred by Trusrees and others for rhe work of rhe Trust which were not reimbursed are not 3ccounted for. A total of £13,0941£16,012 inc gift 3idl w3s donated in 2020 by Trustees End members of the farnilies of Trustee5 who had been Tru5tee5 for at least a part of the year. The comparative figure5 for 2019 were £14.135 excludin8 and £17,655 including gift ald. 11. Analy515 of the artNities financed by the restrirted income fund5 Some donations to the Trust are restricted to particular projects, some to the projects of a particular recipient Indian charity and some to more thèn one Chtrity but not to all. The rÈ5tricted income funds arè layered and 'nested' in the following way- Tifflothy Pru55 Mefflorial School The infr3structure and running costs of the Timothy Pruss Memorièl School. Ashrams, social programmes- The social programme of Sh8ntiv8nam. An?nd8 Ashram and of rhe Swami Bede Dayananda Trust, each of which also has its own Ananda Ashram The year-round provision of milk. eggs, rice ènd clothing for around 15 elderly people and Improvements to the infrasiructure of the 35hram. Sw3mi Bede Day3nanda Trust ISBDTI The 531aries and running costs of SBDT which provides a kindergarten, 3 centre for the training of adults in tailorin£ and typin8 and a day centre for the eldèrly. The social programme. minor infrastructure projects and running costs of 5hantivan8m including the following . which Ilso have Iheir own Friends of Shantivanam- Home for the Elderly The running costs of a home forthe destitute elderly run by Shantlvanam. The buildin8 of house5 forthe poor, and the runnin8 Costs ofthe Veerambur and houses Education Educational fees and costs for poor individual student5 paid to their schoo15 or colle8e5. The Trust Is the major funder of the Tlmothy Pruss Memorlal School. projects or activities it supports. It Is Dot the sole funder of any of the Page 17