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2021-12-31-accounts

THE BEDE GRIFFITHS CHARITABLE TRUST

Registered Charity No: 1106071

Annual Report and Accounts

for the year ended 31 December 2021

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Fr Bede Griffiths
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THE BEDE GRIFFITHS CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS 2021

TABLE OF CONTENTS

Page(s)
Reference and Administrative Details 2
Report of the Trustees 3 – 8
Independent Examiner’s Report 9
Statement of financial activities 10
Balance sheet 11
Notes forming part of the financial statements 12 – 16

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THE BEDE GRIFFITHS CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS 2O21

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 2021, except as otherwise stated -

Hiten Anand, BSc Mark Bradberry Chair René Cadet Carolyn Carter, DipMagLaw, JP Minute Secretary Lucie-Jane Lewis, MBE Philippa Mistry-Norman, BA, Dip From 6 June 2021 Hon Secretary Greville Norman, BSc(Econ), CPFA, AGP Hon Treasurer and to 5 June 2021 Hon Secretary Rosemary Pruss Michael Pruss, BA, MFA Dr Richard Snooks Appointed as a Trustee 6 June 2021

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 2021 and at the time of approving this report there were 10 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 2021. 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 in 1955 “to find the other half of his soul”. He lived there for 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, suggested that the Trust was formed in Father Bede’s name 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 Chigwell and Prince’s 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 2020

Cumulatively from its formation to 31 December 2020 the Trust had raised £946.0k mostly in donations and gift aid, with a little income from sales, events and interest.

The Trust made grants up to 31 December 2020 to fund the following major infrastructure –

P a g e | 3

REPORT OF THE TRUSTEES

Achievements and performance (continued)

Grants were also made up to 31 December 2020 to contribute towards -

In July 2020 the Trust launched its new website www.bgct.org.uk containing videos, links to Justgiving 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 2021

The year 2021 was, of course, unusual as the Covid19 pandemic continued both in the UK and India. 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 –

Home tutoring

Students saying Hello

Open air tutoring

Photos taken during the pandemic

P a g e | 4

REPORT OF THE TRUSTEES

Financial Review (continued)

In 2021 gross income was £46.7k. (2020 - £64.7k.). Total expenditure for 2021 was £62.6k. (2020 - £69.7k.). The Trust made grants in 2021 of £63.68k to the following projects, of which £1.45k had been committed and expensed in 2020 –

Food distribution by Ananda Ashram Students at the Timothy Pruss Memorial School

being screened for high temperatures playing together after 19 months of school closure Photos taken during the pandemic

The cost of generating voluntary income was £2 and governance costs, for Trustees’ insurance were £294. Because the AGM was held online in 2021, no costs were 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

The Trust is undeniably small, averaging a turnover of around £55k pa over approximately 18 years of operation but cumulatively over 18 years since the Trust was formed its income has almost reached £1m – far in excess of what was thought possible at the outset. 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

P a g e | 5

REPORT OF THE TRUSTEES

Griffiths Charitable Trust is required to satisfy the ‘benefit’ aspect only. The charity does not have a purpose which is for the benefit of named individuals, whether or not they are poor.

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, except for the Timothy Pruss Memorial School to which grants are transmitted quarterly. 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 2022, for instance, will be heavily dependent on donations, fundraising and gift aid in the months after April of 2021 and during the first four months of 2022.

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 2021 reserves were £2,334 of which £1,550 was cash-backed (cf £4,020 at the end of 2020, £2,991 cash).

Future Plans

Project managers in India are aware of the Trust’s 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 2022 based on cash and forecast income is around £48.5k but actual expenditure will depend on what cash is available in applicable funds at the appropriate times and could be greater. In 2022 the Trustees plan to continue to make grants towards –

Investment Policy

The Trust has insufficient funds to consider long term investments. The Trust’s 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.

Risk Management

P a g e | 6

REPORT OF THE TRUSTEES

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:

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.

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 2021.

Members of the Committee are appointed at Annual General Meetings, usually on the recommendation of the Committee. The Committee’s recommendations were based on the Committee’s knowledge of 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 2021 was held online successfully and without cost on 6 June 2021. Dr Richard Snooks was appointed as a Trustee at the meeting and Philippa Mistry-Norman became the Trust’s Hon Secretary.

The Trustees meet formally at least three times a year and in fact met five times in 2021 but there is also frequent consultation amongst the Trustees outside formal meetings, particularly amongst those with specific responsibilities. During 2021 all 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 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 or 2021, because of the pandemic. For the time being they have been replaced by online meetings in which the Chair and Treasurer speak with the project managers.

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

P a g e | 7

REPORT OF THE TRUSTEES Law applicable to charities in England and Wales requires the Trustees to prepare statements for each financial vear that give a true and fair view of the charit￿5 activities during 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 accountinE 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. Independent Examiner David Moir is the Trust's Independent Examiner. November 2020. He was appointed by the Annual General Meeting on I Approved by the Trustees on 30 January 2022 and signed on thelr behalf bv- Philippa Mistry-Norman Hon Secretary Page 18

REPORT OF THE INDEPENDENT EXAMINER I report to the trustees on my examination of the accounts of Bede Griffrth5 Charitable Trust for the year ended 31 December 2021. Re5ponslbllltles and ba515 Irf As the charity's trustees, you are responsible for the preparation of the accounts in report accordance with the requirements of the Charities Act 20111"the Act.). .'eDOrt in respect ot my examination of the Trusys accounts carried out under Section 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions gNen by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confimi that no material matter5 have come to my attention in connettion with the examination whi¢h gives me cause to believe that in. any material respect- the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable reouiremeftts concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(M)8 other than any requirement that the accounts give a 'true and fairf view which is not a matter tonsidered 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 account5 to be reached. s￿ned. Date: 24 h22 Name: David Moir Addre55: 30 Howard Close, Waltham Abbey, E55ex, EN9 IXA Page 19

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2021

STATEMENT OF FINANCIAL ACTIVITIES

Notes
Income and endowments from -
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total
Expenditure on -
Raising funds
6
Charitable activities
5
Other
6
Total
Net income/ (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds -
Total funds brought forward
Total funds carried forward
Income and endowments from -
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
Total
Expenditure on -
Raising funds
6
Charitable activities
5
Other
6
Total
Net income/ (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds -
Total funds brought forward
Total funds carried forward
For the year ended 31 December 2020
For the year ended 31 December 2021		 Unrestricted
funds
Restricted
income funds Total funds
2021
2021
2021
£
£
£
4,873
40,237
45,110
-
-
-
-
1,545
1,545
3
-
3
-
-
-
4,876
41,782
46,658
(2)
-
(2)
-
(62,330)
(62,330)
(293)
-
(293)
(295)
(62,330)
(62,625)
4,581
(20,548)
(15,967)
(6,267)
6,267
-
(1,686)
(14,281)
(15,967)
4,020
40,824
44,844
2,334
26,543
28,877
Unrestricted
funds
Restricted
income funds Total funds
2020
2020
2020
£
£
£
6,749
56,977
63,726
-
-
-
-
920
920
38
-
38
-
-
-
6,787
57,897
64,684
-
(26)
(26)
-
(69,341)
(69,341)
(294)
-
(294)
(294)
(69,367)
(69,661)
6,493
(11,470)
(4,977)
(4,458)
4,458
-
2,035
(7,012)
(4,977)
1,985
47,836
49,821
4,020
40,824
44,844

Page 10

THE BEDE GRIFFrrHS CHARITABLE TRUST IRU5fEES' ANNUA& REPORT AND ACCtyJNTS ZOZI gALANCE SHEET Cwwtnt xsets. Cash3t bank and ITr hand 39.117 4Q29S Amounts tsllln8duÈwlthln oneyear 1,450 Thpfund5 ofthtthrfty. Aestritted intor( fvtOs Unrestri¢red funds 26,543 40,824 The ntxeson pa8e5 12 to 16form partolthesefinancial 51alen AppruTnd the Tntstees on JOJ•rw•ry2022•rrtlsrd onthelr bewby BRADOÉRRY srATEMEFifoF CASHFLOWS piei (athryWdty/l￿ed Chan8E In cash and cash eqU￿3￿￿ts in theyear Cash aThl ca5he4uh*b&ts•tthe 115,6331 16,9581 39.117 Pa8e 11

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2021

Notes forming part of the financial statements For the period ended 31 December 2021

1. Principal accounting policies

1.1 Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards. In preparing the financial statements the charity follows, except where indicated below, the standards of the Statement of Recommended Practice for Charities. The Trustees’ policy is that the Trust should adopt best practice. Accordingly the Trustees have decided to account on an accruals basis.

1.2 Fixed assets

The Trust has no fixed assets. Assets of the Trustees, such as computer equipment and use of their homes for meetings, are made available for the benefit of the Trust at no charge.

1.3 Incoming resources

Donations are recognised in the period in which the Trust is entitled to receipt and receipt is probable. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. The Trust received and was advised of no legacies in 2021 or 2020.

1.4 Resources expended

Expenditure is accounted for on an accruals basis and allocated to the appropriate heading in the accounts. Expenditure is recognised in the period in which it is incurred. Constructive obligations are recognised where grants have been approved by the Committee and notified to the Indian charity as being due in the year concerned but, for whatever reason, were not paid in that year.

1.5 Charitable expenditure and basis of allocation of costs

The Trust has no staff, no salaries and its only governance costs related to Trustees’ insurance. It also incurs bank charges in generating voluntary income and in transferring funds to India and, occasionally, in buying goods for sale. These costs are allocated directly to appropriate funds and, being immaterial, are otherwise met from the unrestricted fund.

1.6 Gifts in kind

Voluntary income received by way of donations to the charity is included in full in the Statement of Financial Activities when receivable. Gifts in kind are included at market value and as resources expended at the same value when distributed, except for time devoted to the Trust or costs incurred by the Trustees for the Trust unless these are reimbursed.

1.7 Fund accounting

The Trust meets its objects almost exclusively by making grants to charities in Tamil Nadu, India. It maintains restricted funds for each of those charities, each of which may have one or more than one purpose and activity. In the latter case the Trust may maintain restricted funds for some of those individual activities as well as for the totality of that charity's activities. A description of the activities of each charity is provided in note 11. Gift aid 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 expressly requested to the contrary. Funds held by the Trust are either -

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

or Restricted income funds - these are funds that can only be used for particular restricted purposes narrower than the objects of the Trust. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The Trust has no endowment and no designated funds.

1.8 Transfers

All funds are held for the Trust. Transfers may be executed for projects which have been completed but have a remaining surplus. Transfers from restricted funds have taken place only with the donor's consent. Trustees agreed transfers from the unrestricted fund to restricted funds to meet any expenditure in those restricted funds for which there is insufficient restricted income.

1.9 Irrecoverable Value Added Taxation

The Trust is not registered for Value Added Tax. Any irrecoverable Value Added Taxation is aggregated with the expenditure to which it relates.

Page 12

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2021

Notes forming part of the financial statements For the period ended 31 December 2021

2. Detailed income and expenditure account

Incoming resources
From generated funds -
Voluntary income -
Gift aid
Donations
Total voluntary income
Total fund generating activities
Total investment income
Total from generated funds
Total incoming resources
Resources expended
Cost of generating funds -
Costs of voluntary income -
Bank charges
Fundraising events
Postage
Publicity
Total costs of voluntary income
Total costs of goods sold
Total investment management costs
Total cost of generating funds
Charitable activities -
Costs of transmitting grants
Grants -
To individuals
To organisations
Total grants
Total charitable activities
Governance and other costs -
Hire of room
Office expenses
Trustee insurance
Website
Other costs
Total governance and other costs
Total resources expended
Net income/ expenditure
Funds b'f
Funds c'f		 From
formation to
31 December
2019
2020
2021
£
£
£
£
%
122,113
8,743
7,054
137,910
13.9%
749,577
54,982
38,057
842,616
84.9%
871,690
63,725
45,111
980,526
98.8%
7,587
920
1,545
10,052
1.0%
2,038
39
3
2,080
0.2%
881,315
64,684
46,659
992,658
100.0%
881,315
64,684
46,659
992,658
100.0%
(1,490)
(27)
(2)
(1,519)
(0.2%)
(140)
-
-
(140)
-
(171)
-
-
(171)
-
(637)
-
-
(637)
-
(2,438)
(27)
(2)
(2,467)
(0.2%)
(3,964)
-
-
(3,964)
(0.4%)
-
-
-
-
-
(6,402)
(27)
(2)
(6,431)
(0.6%)
(3,105)
(238)
(102)
(3,445)
(0.4%)
(8,144)
-
-
(8,144)
(0.8%)
(810,850)
(69,103)
(62,228)
(942,181)
(94.9%)
(818,994)
(69,103)
(62,228)
(950,325)
(95.7%)
(822,099)
(69,341)
(62,330)
(953,770)
(96.1%)
(162)
-
-
(162)
-
(466)
-
-
(466)
(0.1%)
(1,832)
(293)
(294)
(2,419)
(0.3%)
(203)
-
-
(203)
-
(330)
-
-
(330)
-
(2,993)
(293)
(294)
(3,580)
(0.4%)
(831,494)
(69,661)
(62,626)
(963,781)
(97.1%)
49,821
(4,977)
(15,967)
28,877
2.9%
-
49,821
44,844
-
49,821
44,844
28,877
28,877
2.9%
From formation to 31
December 2021

Page 13

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2021

mmary of fund movements
In the year ended 31 December 2021
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds
In the year ended 31 December 2020		 Fund balance
at 1 January
2021
Income
Expenditure
Transfers
£
£
£
£
£
36,630
29,894
(44,801)
-
21,723
1,155
2,264
-
(2,194)
1,225
740
1,375
(4,217)
2,808
706
205
502
(3,667)
3,373
413
1,716
6,044
(8,184)
2,280
1,856
150
547
(461)
-
236
-
-
-
-
-
228
1,156
(1,000)
-
384
40,824
41,782
(62,330)
6,267
26,543
4,020
4,876
(295)
(6,267)
2,334
44,844
46,658
(62,625)
-
28,877
-
-
Fund balance
at 1 January
2020
Income
Expenditure
Transfers
Fund
balance at
31
December
2020
£
£
£
£
£
40,807
39,381
(43,558)
-
36,630
1,558
3,736
-
(4,139)
1,155
801
1,909
(5,624)
3,654
740
150
575
(3,518)
2,998
205
2,196
10,116
(11,563)
967
1,716
248
379
(770)
293
150
1,481
1,051
(3,217)
685
-
595
750
(1,117)
-
228
47,836
57,897
(69,367)
4,458
40,824
1,985
6,787
(294)
(4,458)
4,020
49,821
64,684
(69,661)
-
44,844
Fund
balance at
31
December
2021

3. Summary of fund movements

4. Summary of fund balances

At 31 December 2021
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds
At 31 December 2020
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds		 Cash at bank
and in hand
Other
current
assets
Amounts
falling due
within one
year
Net assets
at 31
December
2021
£
£
£
£
18,617
3,106
-
21,723
914
311
-
1,225
550
156
-
706
355
58
-
413
1,130
726
-
1,856
178
58
-
236
-
-
-
-
190
194
-
384
21,934
4,609
-
26,543
1,550
784
2,334
23,484
5,393
-
28,877
Cash at bank
and in hand
Other
current
assets
Amounts
falling due
within one
year
Net assets
at 31
December
2020
£
£
£
£
33,675
4,405
(1,450)
36,630
549
606
-
1,155
527
213
-
740
164
41
-
205
976
740
-
1,716
120
30
-
150
-
-
-
-
115
113
-
228
36,126
6,148
(1,450)
40,824
2,991
1,029
4,020
39,117
7,177
(1,450)
44,844

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THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2021

5. Analysis of grants

Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds
In the year ended 31 December 2021		 Grants to
institutions
Grants to
individuals
Support
costs
attributed
to grant-
making
Total
£
£
£
£
44,750
-
51
44,801
4,200
-
17
4,217
3,650
-
17
3,667
8,167
-
17
8,184
461
-
-
461
-
-
-
-
1,000
-
-
1,000
62,228
-
102
62,330
-
-
-
-
62,228
-
102
62,330
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds
In the year the ended 31 December 2020		 -
-
Grants to
institutions
Grants to
individuals
Support
costs
attributed
to grant-
making
Total
£
£
£
£
43,465
-
68
43,533
5,590
-
34
5,624
3,500
-
17
3,517
11,478
-
85
11,563
770
-
-
770
3,200
-
17
3,217
1,100
-
17
1,117
69,103
-
238
69,341
-
-
-
-
69,103
-
238
69,341

The support costs attributed to grant-making consist entirely of bank charges in both years.

6. Analysis of costs not attributed to grant-making

Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Veerambur and houses
Education
Total restricted income funds
Unrestricted fund
Total funds
In the year ended 31 December 2020
In the year ended 31 December 2021		 Bank and
similar
charges
Trustees'
insurance
AGM costs
Total
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2
293
-
295
2
293
-
295
-
-
-
Bank and
similar
charges
Trustees'
insurance
AGM costs
Total
£
£
£
£
25
-
-
25
-
-
-
-
-
-
-
-
1
-
-
1
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
26
-
-
26
-
294
-
294
26
294
-
320

Page 15

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2021

7.
Debtors and prepayments
Gift aid receivable from HMRC Charities
Prepayments
8. Amounts falling due within one year
Constructive obligation		 2021
2020
£
£
5,166
6,951
227
226
5,393
7,177
2021
2020
-
1,450
-
1,450
At 31 December
At 31 December

The obligation was 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. Payment of it was deferred until early 2021 at the School's request.

9. Reconciliation of net income/ (expenditure) to net cashflow from operating activities

Net income/ (expenditure) as per Statement of Financial Activities
Adjustments for -
Increase/ (decrease) in creditors
(Increase)/ decrease in debtors and prepayments
Net cashflow from operating activities
Cash balance at the beginning of the year
Cash balance at the end of the year		 2021
2020
£
£
(15,967)
(4,977)
(1,450)
1,450
1,784
(3,431)
(15,633)
(6,958)
39,117
46,075
23,484
39,117

10. Related party transactions

No payments were made to Trustees or their families in 2020 or 2021 except on production of vouchers for expenses incurred for the Trust. The total of such expenses in 2021 for the costs relating to a fundraising event, was zero and in 2020 for website software, £184. Expenses incurred by Trustees and others for the work of the Trust which were not reimbursed are not accounted for.

A total of £7,961 (£9,941 inc gift aid) was donated in 2021 by Trustees and members of the families of Trustees who had been Trustees for at least a part of the year. The comparative figures for 2020 were £13,094 excluding and £16,012 including gift aid.

11. Analysis of the activities financed by the restricted income funds

alysis of the activities financed by the restricted income funds alysis of the activities financed by the restricted income funds
Some donations to the Trust are restricted to particular projects, some to the projects of a particular recipient
Indian charity and some to more than one charity but not to all.
The restricted income funds are layered and
'nested' in the following way -
Timothy Pruss Memorial School The infrastructure and running costs of the Timothy Pruss Memorial
School.
Ashrams' social programmes - The social programme of Shantivanam, Ananda Ashram and of the
Swami Bede Dayananda Trust, each of which also has its own
restricted fund -
Ananda Ashram
The year-round provision of milk, eggs, rice and clothing for around 15
elderly people and improvements to the infrastructure of the ashram.
Swami Bede Dayananda Trust (SBDT) The salaries and running costs of SBDT which provides a kindergarten,
a centre for the training of adults in tailoring and typing and a day
centre for the elderly.
Friends of Shantivanam - The social programme, minor infrastructure projects and running costs
of Shantivanam including the following, which also have their own
restricted funds -
Home for the Elderly The running costs of a home for the destitute elderly run by
Shantivanam.
Veerambur and houses The building of houses for the poor, and the running costs of the
tuition centre for children, in the village of Veerambur.
Education Educational fees and costs for poor individual students paid to their
schools or colleges.

The Trust is the major funder of the Timothy Pruss Memorial School. It is not the sole funder of any of the projects or activities it supports.

Page 16