## **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**|
P a g e | **1**
**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.
P a g e | **2**
## **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
- A home for the destitute elderly
- A tuition centre in a very poor village in which children had previously studied under a street-lamp
- A home near the Southern tip of India for children from poor families who were badly affected by the tsunami of Boxing Day, 2004.
- Homes constructed from bricks, mortar and tiles to replace homes made of wood and leaves
P a g e | **3**
## **REPORT OF THE TRUSTEES**
## **Achievements and performance (continued)**
- An infant school and a junior school
- A multi-purpose hall located between the in and junior schools, used for dining, overflow classes, rehearsals and, by the infants, for taking a nap.
Grants were also made up to 31 December 2019 to contribute towards -
- The majority of the running costs of -
- Two kindergartens, a day centre for the elderly and two centres training adults in typing, computing and tailoring
- A home for the destitute elderly
- A tuition centre in a very poor village
- A centre near the Southern tip of India for children from poor families who were badly affected by the tsunami of Boxing Day, 2004
- Infant and junior schools providing teaching in Tamil and English for around 250 pupils.
- The educational expenses of poor children
- The distribution of milk to the poorest families
- The provision of rice, eggs and clothing for the elderly.
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
- Michael Pruss and two friends had run the Long Beach marathon in October 2019 to raise funds for the Timothy Pruss Memorial School and those funds were carried forward into 2020.
- The projects it supports are mature and had relatively little need in the year for infrastructure grants.
- The majority of its income comes from donations and gift aid. Many of the donations are regular.
- Trustees and friends were able to organise four online quizzes which raised £920 in joining fees and £655 in donations for the Timothy Pruss Memorial School.
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 -
- A kindergarten, a day centre for the elderly and a centre training adults in typing and tailoring operated by the Swami Bede Dayananda Trust (£3.50k)
- Infant and junior schools named in memory of Timothy Pruss and operated by BLESS providing, during the pandemic, home teaching in Tamil and English in groups, for around 170 of its pupils (£42.01k)
- Support for the Saccidananda Ashram and the Home for the Elderly and Tuition Centre it runs (£15.45k) The provision of rice, eggs and clothing for the elderly by Ananda Ashram (£5.59k) The educational expenses of poor children (£1.10k)
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.
P a g e | **4**
## **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 -
- The Trust has been very efficient in converting donations and other income into projects. Note 2 to the accounts shows that 93.9% of all incoming resources to date has been provided in grants, 0.4% spent on the cost of sales and 0.4% on remitting money overseas with, as explained above, an unusually high 4.7% remaining in unapplied funds. Only 0.6% of turnover has therefore been spent on the administration of the Trust.
- The wer has been significantly greater in India than it would have been in the UK because, despite higher inflation in India than in the UK, costs have continued to be much lower there than in the UK.
- Its beneficiaries are very poor and a relatively small input of resources can produce a disproportionately large enhancement to their lives.
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.
P a g e | **5**
## **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
- The running costs of -
- A kindergarten, a day centre for the elderly and a centre training adults in typing and tailoring
- A home for the destitute elderly
- Nursery and primary schools providing English-medium education for around 250 pupils
- The educational expenses of poor children
- The provision of rice, eggs and clothing for the elderly.
## **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.
P a g e | **6**
## **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
P a g e | **7**
## **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 -
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice 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 operation.
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.
P a g e | **8**
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 COnrnS 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 IoMe/ 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 bartkal in
39,117
7.177
46,075
3.746
Total currerfa55ets
49.821
Amourtsfallin8duewitl*n ohe
1.450
49.821
Tot*1 fitt *55tts
44
49ml
fte5ted income fvJnd5
40.824
47.836
Totsl th•rltyfiM
49J21
BIIADSEItRY
5TATEMEpifoF CA5HFUJWS
Net cash prtythd tyl ILfyÉd inl
operatinganNii*s
6,958
30.251
intheyear
Cashandta5h equN•lents
251
4675
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
4444
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. Red 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