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← The Bede Griffiths Charitable Trust

2023-12-31-accounts

THE BEDE GRIFFITHS CHARITABLE TRUST

Registered Charity No: 1106071

Annual Report and Accounts

for the year ended 31 December 2023

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Fr Bede Griffiths
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THE BEDE GRIFFITHS CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS 2023

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 2O23

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 2023, except as otherwise stated -

Hiten Anand, BSc From 12 March 2023 Hon Secretary Mark Bradberry René Cadet Carolyn Carter, DipMagLaw, JP Resigned 5 August 2023 Lucie-Jane Lewis, MBE Philippa Mistry-Norman, BA, Dip Chair and to 12 March 2023 Hon Secretary Greville Norman, BSc(Econ), CPFA, AGP Hon Treasurer Rosemary Pruss Michael Pruss, BA, MFA Dr Richard Snooks Lady Moira Swayne Elected 5 August 2023

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 2023 and at the time of approving this report there were 10 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 2023. 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. 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 School and a wider community inspired by the work of the Trust itself and its projects. There is support for the Trust in the UK and in the USA and some other parts of the world.

Achievements and performance

Cumulatively to 31 December 2022

Cumulatively from its formation to 31 December 2022 the Trust had raised £1,031k mostly in donations and gift aid, with a little income from sales, events and interest.

The Trust made grants up to 31 December 2022 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 2022 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 2023

The Trust has been fortunate in that –

In 2023 gross income was £83.3k. (2022 - £38.3k.). Total expenditure for 2023 was £53.0k. (2022 - £43.2k.). The Trust made or committed grants in 2023 of £52.64k to the following projects –

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REPORT OF THE TRUSTEES

Financial Review (continued)

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The kindergarten

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The Old People’s Day Centre Training in tailoring

The cost of generating voluntary income was £76 and governance costs, for Trustees’ insurance, were £303.

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 20 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 ‘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 7 restricted funds. The unrestricted fund is applied to meet both the balance of grants for restricted funds which do not have sufficient cash and expenditure, including grants, for which there is no restricted fund.

The Committee tends to make its final grant-making decisions in March or April and many of its grant payments in April or May, except for the Timothy Pruss Memorial School to which grants are transmitted three or four times a year. The Trust has no commitments to its beneficiaries and, with the exception of the Timothy Pruss Memorial School, 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

P a g e | 5

REPORT OF THE TRUSTEES

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.

The Trust does, however, take a medium-term view of its ability to make grants in the future through a detailed 18-month 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 2023 reserves were £838 of which £91 was cash-backed (cf £1,435 at the end of 2022, £662 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 hold at least one major fundraising event each year when circumstances permit.

Budgeted expenditure for 2024 based on cash and forecast income is around £43k but actual expenditure will depend on what cash is available in applicable funds at the appropriate times. In 2024 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

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

P a g e | 6

REPORT OF THE TRUSTEES

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 two in 2023.

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 AGM held on 5 August 2023 at the King’s Road branch of Jeroboams was the Trust’s first ‘hybrid’ AGM. Jeroboams provided audio-visual facilities and refreshments for members attending the meeting in person free of charge, for which the Trustees are extremely grateful.

The Trustees met in Committee four times in 2023. There is also consultation amongst the Trustees outside formal meetings, particularly amongst those with specific responsibilities. During 2023 all meetings of the Committee took place online. 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, 2021, 2022 or 2023, because of the pandemic. A visit by BGCT’s Treasurer is planned later in 2024.

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 Statement rf truJte•a' rospon81bllltle8 Law applicable to chariti63 in England and Wales requiros the Trustees to prepare statements for each financial year that give a true and tair vlew of the charity's activities during th6 year and of its financial POSltion at the en(J OT the year. In pr8paring financial statements giving a true and f8ir vlew, the Trustees should follow b8st practice and - Select suitable accounting policies and then applyth8m consistently. Mako judgements and estSmates ihat are rea8on8ble an(1 prudent- State whether applicgble accounting standards and statements of recommended practic8 have been followed, subject to any material departures disclosed and 8xplained in the f Inancial statements; and Prepara the financial 8tot9ments on th8 going-concern basis un168S it is inappropriate to presume that the charity will continue in operation. The Trustees are responslble for ke8plng proper accounting records whlch disclose with reasonable accur8Cy the financial position of th8 charity and which enable th8m to ascertain th8 financial positlon of th8 charity and which enable them to ensure that the financial statem8nts comply wlth applicable laws. and regulations. They are 8lso responsible for sgfaguarding the a88ets of tha Charity Énd hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Independent Examlnar Davld Molr 18 the Tru8t's Independent Exgmlner. He wa5 8ppointe¢ by the Annual Genergl Meeting on I Novernber 2020. He has Indicated that he will be 8tanding down as the Independ8nt Examiner after the éxamination of these Accounts. The Trustees 8re extr8m8ly gr8t8ful to hSm for his services to the Trust, free of charge. Approv8d bythe Trustees on 8 Jun8 2024and slgned on thelrbehalf by. Hlten Anand Trustee and Hon Secretary Page 18

REPORT OF THE INDEPENDENT EXAMINER I report to the trustees on my examination of the accounts of the Bede Grtffiths Charitable Trnst for the year ended 31 December 2023. Responsibilities and basis As the charty's trustees. you are responsible for the prep8r8tion of the of report accounts in accordance with the requirements of the Charities Act 2011 1.the Act-l. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions gwen by the Charity Commission under section 14515llbl of the Act. Independentexamlnef s statement I have completed my examination. I confirm that no material matters have Come to my attention in connection with the examination which gNes me Cause to believe that in. any materi81 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 requirements concerning the form and content of accounts set out in the Charities IAccountS and Reports) Regulations 2008 other than 8ny requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: (4 Name: David Moir Address: 30 Howard Close. Waltham Abbey. Essex, EN9 1x4 Page 19

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2023

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 2023
For the year ended 31 December 2022		 Unrestricted
funds
Restricted
income funds
Total funds
2023
2023
2023
£
£
£
3,571
77,428
80,999
-
-
-
-
2,010
2,010
317
-
317
-
-
-
3,887
79,438
83,325
(62)
(14)
(76)
-
(52,635)
(52,635)
(303)
-
(303)
(365)
(52,649)
(53,014)
3,523
26,788
30,311
(4,120)
4,120
-
(597)
30,908
30,311
1,435
22,615
24,050
838
53,523
54,361
Unrestricted
funds
Restricted
income funds
Total funds
2022
2022
2022
£
£
£
3,727
33,966
37,693
-
-
-
-
600
600
31
-
31
-
-
-
3,758
34,566
38,324
(61)
(3)
(64)
-
(42,720)
(42,720)
(367)
-
(367)
(428)
(42,723)
(43,151)
3,330
(8,157)
(4,827)
(4,229)
4,229
-
(899)
(3,928)
(4,827)
2,334
26,543
28,877
1,435
22,615
24,050

Page 10

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2023

BALANCE SHEET

Notes
Current assets -
Cash at bank and in hand
9
Debtors and prepayments
7
Total current assets
Liabilities -
Amounts falling due within one year
8
Net current assets
Total net assets
The funds of the charity -
Restricted income funds
3
Unrestricted funds
3
Total charity funds		 2023
2022
£
£
61,069
20,338
5,692
4,112
66,761
24,450
(12,400)
(400)
54,361
24,050
54,361
24,050
53,522
22,615
839
1,435
54,361
24,050
Total funds at 31 December

The notes on pages 12 to 16 form part of these financial statements.

Approved by the Trustees on 8 June 2024 and signed on their behalf by

Philippa Mistry-Norman Chair

STATEMENT OF CASHFLOWS

Cashflows from operating activities
Net cash provided by/ (used in) operating
activities
9
Change in cash and cash equivalents in
the year
Cash and cash equivalents at the end of the
year
Cash and cash equivalents at the beginning
of the year		 2023
2022
£
£
40,731
(3,146)
40,731
(3,146)
20,338
23,484
61,069
20,338

Page 11

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2023

Notes forming part of the financial statements For the period ended 31 December 2023

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 2023 or 2022.

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 and purchases of software. It also has incurred 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 2023

Notes forming part of the financial statements For the period ended 31 December 2023

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 -
Conference software
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
2021
2022
2023
£
£
£
£
%
137,910
5,498
7,385
150,793
13.5%
842,616
32,195
73,614
948,425
85.2%
980,526
37,693
80,999
1,099,218
98.6%
10,052
600
2,010
12,662
1.1%
2,080
31
317
2,428
0.2%
992,658
38,324
83,325
1,114,307
100.0%
992,658
38,324
83,325
1,114,307
100.0%
(1,519)
(64)
(76)
(1,659)
(0.1%)
(140)
-
-
(140)
-
(171)
-
-
(171)
-
(637)
-
-
(637)
-
(2,467)
(64)
(76)
(2,607)
(0.2%)
(3,964)
-
-
(3,964)
(0.4%)
-
-
-
-
-
(6,431)
(64)
(76)
(6,571)
(0.6%)
(3,445)
-
-
(3,445)
(0.4%)
(8,144)
-
-
(8,144)
(0.7%)
(942,181)
(42,720)
(52,635)
(1,037,536)
(93.1%)
(950,325)
(42,720)
(52,635)
(1,045,680)
(93.8%)
(953,770)
(42,720)
(52,635)
(1,049,125)
(94.2%)
-
(72)
-
(72)
-
(162)
-
-
(162)
-
(466)
-
-
(466)
(0.1%)
(2,419)
(295)
(303)
(3,017)
(0.3%)
(203)
-
-
(203)
-
(330)
-
-
(330)
-
(3,580)
(367)
(303)
(4,250)
(0.4%)
(963,781)
(43,151)
(53,014)
(1,059,946)
(95.1%)
28,877
(4,827)
30,311
54,361
4.9%
-
28,877
24,050
-
28,877
24,050
54,361
54,361
4.9%
From formation to 31
December 2023

Page 13

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2023

mmary of fund movements
In the year ended 31 December 2023
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
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
Education
Total restricted income funds
Unrestricted fund
Total funds
In the year ended 31 December 2022		 Fund balance
at 1 January
2023
Income
Expenditure
Transfers
£
£
£
£
£
18,688
63,639
(33,916)
-
48,412
504
7,760
-
(6,920)
1,344
756
1,375
(3,065)
1,690
756
113
438
(9,350)
8,858
58
2,092
5,116
(5,359)
492
2,342
327
422
(461)
-
288
134
688
(500)
-
321
22,615
79,438
(52,651)
4,120
53,522
1,435
3,888
(365)
(4,120)
839
24,050
83,326
(53,015)
-
54,361
Fund balance
at 1 January
2022
Income
Expenditure
Transfers
Fund
balance at
31
December
2022
£
£
£
£
£
21,723
25,866
(28,901)
-
18,688
1,225
2,034
-
(2,755)
504
706
1,375
(3,910)
2,585
756
413
462
(2,691)
1,929
113
1,856
3,616
(5,850)
2,470
2,092
236
463
(371)
-
327
384
750
(1,000)
-
134
26,543
34,566
(42,723)
4,229
22,615
2,334
3,757
(427)
(4,229)
1,435
28,877
38,323
(43,150)
-
24,050
Fund
balance at
31
December
2023

3. Summary of fund movements

4. Summary of fund balances

At 31 December 2023
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Education
Total restricted income funds
Unrestricted fund
Total funds
At 31 December 2022
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
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
2023
£
£
£
£
58,009
2,803
(12,400)
48,412
38
1,307
-
1,344
600
156
-
756
45
13
-
58
1,919
423
-
2,342
147
141
-
288
221
100
-
321
60,979
4,943
(12,400)
53,522
91
748
-
839
61,070
5,691
(12,400)
54,361
Cash at bank
and in hand
Other
current
assets
Amounts
falling due
within one
year
Net assets
at 31
December
2022
£
£
£
£
16,830
2,258
(400)
18,688
231
273
-
504
600
156
-
756
55
58
-
113
1,669
423
-
2,092
270
58
-
328
21
113
-
134
19,676
3,339
(400)
22,615
662
773
1,435
20,338
4,112
(400)
24,050

Page 14

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2023

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
Education
Total restricted income funds
Unrestricted fund
Total funds
In the year ended 31 December 2023		 Grants to
institutions
Grants to
individuals
Support
costs
attributed
to grant-
making
Total
£
£
£
£
33,900
-
-
33,900
3,065
-
-
3,065
9,350
-
-
9,350
5,359
-
-
5,359
461
-
-
461
500
-
-
500
52,635
-
-
52,635
-
-
-
-
52,635
-
-
52,635
Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Education
Total restricted income funds
Unrestricted fund
Total funds
he year the ended 31 December 2022		 Grants to
institutions
Grants to
individuals
Support
costs
attributed
to grant-
making
Total
£
£
£
£
28,900
-
-
28,900
3,910
-
-
3,910
2,690
-
-
2,690
5,850
-
-
5,850
370
-
-
370
1,000
-
-
1,000
42,720
-
-
42,720
-
-
-
-
42,720
-
-
42,720

In the year the ended 31 December 2022

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
Education
Total restricted income funds
Unrestricted fund
Total funds
he year ended 31 December 2023		 Bank and
similar
charges
Trustees'
insurance
Conference
software
Total
£
£
£
£
14
-
-
14
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14
-
-
14
62
303
-
365
76
303
-
379

In the year ended 31 December 2023

Name of fund -
Timothy Pruss Memorial School
Ashrams' social programmes -
Ananda Ashram
Swami Bede Dayananda Trust
Friends of Shantivanam -
Home for the Elderly
Education
Total restricted income funds
Unrestricted fund
Total funds
In the year ended 31 December 2022		 Bank and
similar
charges
Trustees'
insurance
Conference
software
Total
£
£
£
£
1
-
-
1
-
-
-
-
-
-
-
-
1
-
-
1
-
-
-
-
1
-
-
1
-
-
-
-
3
-
-
3
61
295
72
428
64
295
72
431

Page 15

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2023

7.
Debtors and prepayments
Gift aid receivable from HMRC Charities
Prepayments
8. Amounts falling due within one year
Constructive obligation		 2023
2022
£
£
5,457
3,877
235
235
5,692
4,112
2023
2022
12,400
400
12,400
400
At 31 December
At 31 December

The obligation was a grant for the Timothy Pruss Memorial School of which approval had been communicated to the School by 31 December 2023. Payment of it was made by 6 February 2024.

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		 2023
2022
£
£
30,311
(4,827)
12,000
400
(1,580)
1,281
40,731
(3,146)
20,338
23,484
61,069
20,338

10. Related party transactions

No payments were made to Trustees or their families in 2022 or 2023 except on production of vouchers for expenses incurred for the Trust.

A total of £9,102 (£11,378 inc gift aid) was donated in 2023 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 2022 were £5,154 excluding and £6,330 including gift aid.

11. Analysis 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 programmes, minor infrastructure projects and running costs of Shantivanam including the following, which also has its own restricted fund - Home for the Elderly The running costs of a home for the destitute elderly run by Shantivanam. Education Educational fees and costs for poor individual students.

The Trust has been 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