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← The Bede Griffiths Charitable Trust

2024-12-31-accounts

THE BEDE GRIFFITHS CHARITABLE TRUST

Registered Charity No: 1106071

Annual Report and Accounts

for the year ended 31 December 2024

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Fr Bede Griffiths
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THE BEDE GRIFFITHS CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS 2024

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

P a g e | 1

THE BEDE GRIFFITHS CHARITABLE TRUST ANNUAL REPORT AND ACCOUNTS 2O24

REFERENCE AND ADMINISTRATIVE DETAILS

Patrons

Adrian Rance-McGregor, BA Colonel Robert (Bob) Stewart, DSO 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

Piyush Jasani FCCA For and on behalf of PJT and Co, Chartered Certified Accountants Accountancy House, 90 Walworth Road, London SE1 6SW

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 2024 -

Hiten Anand, BSc Hon Secretary Mark Bradberry René Cadet Lucie-Jane Lewis, MBE Philippa Mistry-Norman, BA, Dip Chair Greville Norman, BSc(Econ), CPFA, AGP Hon Treasurer Rosemary Pruss Michael Pruss, BA, MFA Dr Richard Snooks Lady Moira Swayne

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 2024 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 2024. 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, by Christ Church in Morningside Edinburgh, by the Rotary Club in Lymington and District 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 2023

Cumulatively from its formation to 31 December 2023 the Trust had raised £1,114k mostly in donations and gift aid, with a little income from sales, events and interest.

The Trust made grants up to 31 December 2023 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 2023 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 2024

The Trust has been fortunate in that –

In 2024 gross income was £42.5k. (2023 - £83.3k.). Total expenditure for 2024 was £44.8k. (2023 - £53.0k.).

Thilaga teaching her class at the Timothy Pruss Memorial School Fr Pinto of Shantivanam with the residents of its Home for the Elderly

The Trust made or committed grants in 2024 of £44.4k towards the following projects –

P a g e | 4

REPORT OF THE TRUSTEES

Financial Review (continued)

Sr Rose of the Swami Bede Dayananda Trust with Work at Ananda’s farm children at its Kindergarten

Bank charges in the year were £65, the cost of generating charitable income was £59 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 -

P a g e | 5

REPORT OF THE TRUSTEES

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 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 2024 reserves were £5,073 of which £4,230 was cash-backed (cf £828 at the end of 2023, £91 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 2025 based on cash and forecast income is around £46.9k but actual expenditure will depend on what cash is available in applicable funds at the appropriate times. In 2025 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 interest-earning 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:

P a g e | 6

REPORT OF THE TRUSTEES

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 was one in 2024 and another early in 2025.

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 31 August 2024 at the offices of ScottFree Films was the Trust’s second ‘hybrid’ AGM. ScottFree provided audio-visual facilities and light refreshments for members attending the meeting in person free-of-charge, for which the Trustees are extremely grateful.

The Trustees met in Committee three times in 2024. There is also consultation amongst the Trustees outside formal meetings, particularly amongst those with specific responsibilities. During 2024 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.

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

Statement of Trustees’ responsibilities

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 charity’s 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 -

P a g e | 7

REPORT OF THE TRUSTEES Select suitable 8ccounting policies and then apply them consistently; Make judgements 8nd estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommended practice have been followed, subject to 8ny material departures disclosed and explained in the financial statements; and Prepare the financi81 statements on the going-concem basis unles8 It is inappropri8t8 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 fin8ncial 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 8nd hence for taking reasonable steps for the prevention an(5 detection of fraud and Other irregularities. Independent Examiner David Moir w8S the Tru8t's Independent Examlner for four years. He stood down Examiner 8fter the examination of the 2023 Accounts. The Trustees are extremely grateful to him for his services to the Trust, free of charge. Piyush Jasani FCCA of PJT and Co, Chartered Certified Accountants. Accountancy House. 90 Walworth Road, London SE16SWwa$ 8ppolnted as the Trust's new Independent Examiner on 6 April 2025. Approved by the Trusto•3 on 6 Aprll 2025 and signed on their behalf by- Hiten 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 Griff iths Charitable Trust for the year ended 31 December 2024. Re8ponslblllt108and ba818 A8 the charity's trustees, you 8re responsible for the preparation of the of report accounts in aècordance with the requirements of the Charities Act 2011 {"the Act"). I report In respect of my examlnatlon of the Trust's accounts C8rrled out under Section 145 of the 2011 Act and In carrylng out my examlnatlon, I have followed 811 th8 8ppIic8ble Directions given by the Charity Commission under section 14515)(b) ofthe Act. Indopendent examlnar's statement I have completed my examln8tlon. I conflrm that no materl8l m8tters have come to my attention in connectlon wlth the ex8mSnatlon whlch glves me cause to believe that in, any material respect- the accounting records were not kept in 8ccordance with section 130 of the Charities Act", or the accounts did not accord with the accounting record8; or the 8ccounts dSd not comply wlth the appllcable requlrements concerning the form and content of accounts set out In th8 Ch8rities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter con8idered 88 part of an independent examination. I have no concerns and have come 8cro88 no other matters In connectlon wlth the ex8mln8tlon to whlch attentlon should be drawn In thls report In order to enable 8 proper understandlng of the accounts to be reached. sign•d: Dat•: Namo: PIyu8h Jasani FCCA for and on behalf of p￿ and Co. Chartered Certified Accountants Addre#•: AccountanGy House, 90 Walworth Road, London SE16SW Page 19

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2024

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 2024
For the year ended 31 December 2023		 Unrestricted
funds
Restricted
income funds
Total funds
2024
2024
2024
£
£
£
4,152
35,025
39,177
-
-
-
974
1,383
2,357
1,001
-
1,001
-
-
-
6,127
36,408
42,535
(59)
-
(59)
-
(44,350)
(44,350)
(368)
-
(368)
(427)
(44,350)
(44,777)
5,700
(7,942)
(2,242)
(1,466)
1,466
-
4,234
(6,476)
(2,242)
838
53,523
54,361
5,072
47,047
52,119
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

Page 10

THE BEDE GRIFFITHS C>IARITABiE TrUST TRUSTEES. ANNUAL REP(IRT A14D ACCOUNTS 2024 BALANCE SHEET Notes Totsl funds at 31 December 2024 2023 Current assets- Cash at bank and in hand Debtors and prepayments Totsl current assets 55.228 4.481 59.709 61,069 5,692 66,761 Liabilities- Amounts fallin8 due within one year Net current assets 17.5901 52,119 112.4001 54.361 Total net assets 52,119 54,361 The funds of the tharity- Restricted income fund5 Unrestricted fijnds 47.046 5,073 53.522 839 Total charity funds 52,119 54.361 The notes on pages 12 to 16 form part of these finanaal statements. Approved by the Trustees on 6 Aprll 2025 and signed on thelr behalf by Philippa Mistry-Norman Chair STATEMENT OF CASHFLOWS 2024 2023 Cashllows frorn operating activibes Net cash provided by/ (used inl operating activities Change in cash and cash equivalents in the year Cash and cash equovalents at the beginning of the year 15.8411 40,731 15.841) 40.731 61.069 20,338 Cash and cash equivalents at the end of the year 55.228 61,069 Page 11

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2024

Notes forming part of the financial statements For the period ended 31 December 2024

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 2024 or 2023.

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.

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 2024

Notes forming part of the financial statements For the period ended 31 December 2024

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
2022
2023
2024
£
£
£
£
%
143,408
7,385
5,559
156,352
13.5%
874,811
73,614
33,618
982,043
84.9%
From formation to 31
December 2024
1,018,219
80,999
39,177
1,138,395
98.4%
10,652
2,010
2,357
15,019
1.3%
2,111
317
1,001
3,429
0.3%
1,030,982
83,326
42,535
1,156,843
100.0%
1,030,982
83,326
42,535
1,156,843
100.0%
(1,583)
(76)
(65)
(1,724)
(0.1%)
(140)
-
(59)
(199)
-
(171)
-
-
(171)
-
(637)
-
-
(637)
-
(2,531)
(76)
(124)
(2,731)
(0.2%)
(3,964)
-
-
(3,964)
(0.3%)
-
-
-
-
-
(6,495)
(76)
(124)
(6,695)
(0.6%)
(3,445)
-
-
(3,445)
(0.3%)
(8,144)
-
-
(8,144)
(0.7%)
(984,901)
(52,635)
(44,350)
(1,081,886)
(93.5%)
(993,045)
(52,635)
(44,350)
(1,090,030)
(94.2%)
(996,490)
(52,635)
(44,350)
(1,093,475)
(94.5%)
(72)
-
-
(72)
-
(162)
-
-
(162)
-
(466)
-
-
(466)
(0.1%)
(2,714)
(303)
(303)
(3,320)
(0.3%)
(203)
-
-
(203)
-
(330)
-
-
(330)
-
(3,947)
(303)
(303)
(4,553)
(0.4%)
(1,006,932)
(53,014)
(44,777)
(1,104,723)
(95.5%)
24,050
30,311
(2,243)
52,119
4.5%
-
24,050
54,361
-
24,050
54,361
52,119
52,119
4.5%

Page 13

THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2024

mmary of fund movements Fund
balance at
In the year ended 31 December 2024 Fund balance
at 1 January		 31
December
2024 Income Expenditure Transfers 2024
Name of fund - £ £ £ £ £
Timothy Pruss Memorial School 48,412 21,307 (27,900) - 41,819
Ashrams' social programmes - 1,344 2,870 - (2,482) 1,732
Ananda Ashram 756 1,375 (3,117) 1,742 756
Swami Bede Dayananda Trust 58 1,563 (1,000) - 621
Friends of Shantivanam - 2,342 5,609 (9,400) 2,546 1,097
Home for the Elderly 288 646 - (340) 594
Education 321 3,039 (2,933) - 427
Total restricted income funds 53,522 36,409 (44,350) 1,466 47,046
Unrestricted fund 839 6,127 (427) (1,466) 5,073
Total funds 54,361 42,536 (44,777) - 52,119
1 0

3. Summary of fund movements

Fund
balance at
In the year ended 31 December 2023 Fund balance 31
at 1 January December
2023 Income Expenditure Transfers 2023
Name of fund - £ £ £ £ £
Timothy Pruss Memorial School 18,688 63,639 (33,916) - 48,412
Ashrams' social programmes - 504 7,760 - (6,920) 1,344
Ananda Ashram 756 1,375 (3,065) 1,690 756
Swami Bede Dayananda Trust 113 438 (9,350) 8,858 58
Friends of Shantivanam - 2,092 5,116 (5,359) 492 2,342
Home for the Elderly 327 422 (461) - 288
Education 134 688 (500) - 321
Total restricted income funds 22,615 79,438 (52,651) 4,120 53,522
Unrestricted fund 1,435 3,888 (365) (4,120) 839
Total funds 24,050 83,326 (53,015) - 54,361

4. Summary of fund balances

mmary of fund balances
At 31 December 2024
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 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		 Cash at bank
and in hand
Other
current
assets
Amounts
falling due
within one
year
Net assets
at 31
December
2024
£
£
£
£
46,671
2,048
(6,900)
41,819
1,372
360
-
1,732
620
136
-
756
563
58
-
621
677
420
-
1,097
536
58
-
594
559
558
(690)
427
50,998
3,638
(7,590)
47,046
4,230
843
-
5,073
55,228
4,481
(7,590)
52,119
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
-
1,345
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

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THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2024

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 2024		 Grants to
institutions
Grants to
individuals
Support
costs
attributed
to grant-
making
Total
£
£
£
£
27,900
-
-
27,900
3,117
-
-
3,117
1,000
-
-
1,000
9,400
-
-
9,400
-
-
-
-
2,933
-
-
2,933
44,350
-
-
44,350
-
-
-
-
44,350
-
-
44,350
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 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

In the year the ended 31 December 2023

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
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
he year ended 31 December 2024		 Bank and
similar
charges
Trustees'
insurance Events costs
Total
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
65
303
59
427
65
303
59
427
Bank and
similar
charges
Trustees'
insurance Events costs
Total
£
£
£
£
14
-
-
14
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
14
-
-
14
62
303
-
365
76
303
-
379

In the year ended 31 December 2024

In the year ended 31 December 2023

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THE BEDE GRIFFITHS CHARITABLE TRUST TRUSTEES' ANNUAL REPORT AND ACCOUNTS 2024

7.
Debtors and prepayments
Gift aid receivable from HMRC Charities
Prepayments
8. Amounts falling due within one year
Constructive obligations		 At 31 December
2024
2023
£
£
4,246
5,457
235
235
4,481
5,692
At 31 December
2024
2023
7,590
12,400
7,590
12,400

The obligations at 31 December 2023 and 2024 were grants to the Timothy Pruss Memorial School of which approval had been communicated to the School by 31 December. Payments of them were made in early in the following year.

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		 2024
2023
£
£
(2,242)
30,311
(4,810)
12,000
1,211
(1,580)
(5,841)
40,731
61,069
20,338
55,228
61,069

10. Related party transactions

No payments were made to Trustees or their families in 2023 or 2024 except on production of vouchers for expenses incurred for the Trust.

A total of £2,562 (£3,165 inc gift aid) was donated in 2024 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 2023 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 paid to their schools or colleges.

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