Annual Report January- December 2023 Artivities of the Charity The Trust office is based in a UK property for its activities. Sri Lanka - Educational Project The trust funded eleven students at the start of 2023, continuing the scholarship scheme for twelve years.2 students joined during the year, making a total of thirteen. The scholarship scheme supports underprivileged students from various parts of Sri Lanka. Monthly payments paid to all students via bank transfers. The trust co-ordinators in Sri Lanka assisted the UK assessment team in managing the students in reviewing the students, progress throughout 2023. United Kingdom The trust supports Macmillan Cancer Charity The trust SUPPOrts the Homeless Action in Barnet, by providing groceries once a month, enabling them to feed the homeless. Regular prayers took place at the Trust property. Swami Rammanantha Sarasswathi believes in guiding people, particularly the youth to lead a balanced life in a multicultural society. He very much encourages and promotes the idea of providing service to the needy in any society amongst his devotees to propagate global citizenship. Spiritual trips conducted in 2023 visiting places whereby attendees received blessings and enjoyed the peaceful environment.
RAMMANANTHA TRUST (UKI INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31 December 2023 Opening Balances 50,472 Income". Donations Others 21,537 72,009 Less.. Expenses Charity Services Cultural Events Rates Telephone Light & Heat Bank Charges Printing, Postage & Stationery Repairs & Maintenance 2,403 2,217 492 1,294 49 690 7,145 Surplus expenditure over income 64,864 Accumulated funds as at 31 December 2023 64,864 I have checked the above income and expenditure accounts for the year ended 31 Dember 2023 without carrying out an audit and certify them in accordance wrth the books and information and explanation I received from Mrs L Sivagumar. 09-Oct-23 Mis B Giritharan ACCA Chartered Certified Accountant 16 Cranford Road Northampton NN2 7QS Date
RAMMANANTHA TRUST IUKI TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Re8lStered Number= 1109225
RAMMANANTHA TRUST IUKI FOR THE YEAR ENDED 31 DECEMBER 2023 PAGE CONTENTS Trustees and Advisors Trustees, Report Auditors, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees and Board of Management Miss Rajyalakshmi Rangavaghala Mr jayant Lakha Mrs Lalitha Sivagumar Mrs Vijiyakumari lyankaran Mr Villavarajah Nadesalingam Secretary Address for communication 159 Farm Road Edgware HA8 9LP Independent Examiner B Giritharan Chartered Certified Accountant 16 Cranford Road Northampton NN2 7QS Bankers Lloyds Bank 108- 109 Station Road Edgware Middlesex HA8 7JL
RAMMANANTHA TRUST IUKI TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees have pleasure in presenting their report and financial statements for the year ended 31 December 2023 Status Rammanantha Trust is an incorporated charity Objects and policies The objects of the charity, as set out in the trust deed, are as follows.. General Charitable Purposes EducationlTrainin8 The Advancement of Health of Saving of Lives The Prevention or Relief of Poverty Religiou5 Activities ArtslCulture/Heritage/Science Organisation and Structure There shall be at least three trustees and every future trustee shall be appointed in accordance with the Trust Deed. The charity Is administered and managed by the trustees who have duties to hold in trust, for the benefit of the charity, all property, funds, or otherwise vested in them. The charity relies on help of volunteers who help during fund raising events, carry out fund raising activities. The charity raises its funds via fund raising events conducted during Swami's vislt to London for approximately four weeks a year. This has not been possible due to Covid-19 at present. Financial review During the year the charity raised £21,537 as donations.
RAMMANANTHA TRUST IUKI TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEM8ER 2023 Trustees The board of trustees who served during the financial year was as follows.. Miss Rajyalak5hmi Rangavaghala Mr Jayant Lakha Mrs Lalitha Sivagumar Mrs Vijiyakumari lyankaran Mr Villavarajah Nadesalingam Secretary Risk Management and Reserve policy The charity does not carry out any investments and the funds collected are used for its objective clauses. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are required by law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of surplus or deficit for the period. The Trustees confirm that appropriate accounting policies have been used and applied consistentlv and reasonable prudent judgments and estimates have been made in the preparation of the financial statements for the year ended 31 December 2023. The Trustees confirm that the financial statements have been prepared on a going concern basis and that applicable accounting standards have been followed. The Trustees are responsible for maintaining adequate accounting records, for safeguarding the assets of the charity, and for taking reasonable steps to prevent and detect fraud and other irregularities. Approved by the Trustees and Signed on their behalf Mrs Lalitha Sivagumar Date.. 05 October 2024
INDEPENDENT EXAMINER'S REPORTON THE ACCOUNTS Report to the Trustees of Rammanantha Trust IU KI On the Accounts for the year ended 31 December 2023 Charity No.. 1109225 Set out on pages I to 8 Respective responsibilities of trustees and examiner.. The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that the audit is not required for this year under section 144 of the Chartties Act 2011 (the charities Act) and that 2n independent examination is needed. It is my responsibility to= Examine the accounts under section 145 of the Charities Att, To follow the procedures laid down in the gener31 Directions given by the charity commission lunder section 1451511bl of the Charities Act), and To state whether particular matters have come to my attention. Basis of Independent Exa inerfs Statement: My examination was carrie commission. An examinati out in accordance with general direction5 gfven by the charity comparison of the account n includes a review of the accounting records, kept by the charity and a presented with those record5. It also includes consideration of any unusual items or disclosurel in the accounts ènd seeking explanations f rom the trustees concerning any such m3tters, the proc required in an audit and co dures undertaken do not provide all the evidence that woLJld be and fairf view and the repo sequently no opinion is given as to whetherthe accounts present a 'true is limited to those matters set out in their statement below. Independent Examinerfs Stktements: In connertion with my examination, no matter has come to my attention 111 Which gives the reasonable cause to believe that in, any material respect, the requirements,. To keep accounting records in accordance with the section 130 of the Charities Att; To prepare accounts which accord with the accounting records and comply with the accounting requirements of the CharitiesAct have not been met,. or 121 To which, in my opinion, attention should be drawn in order to enable a proper nderstanding of the accounts to be reached. SiEned.. Date.. 09 Ortober 2024 Name". B Girith3ran Relevant Professional qualification.. Chartered Certified Accountant Address.. 16 Cranford Road, Northampton. NN2 7QS
RAMMANANTHA TRUST {UK) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Note 2023 2022 Incoming Resources Voluntary Income Donations and legacies and similar income Others 21,537 28,835 5,500 Total Incoming resources 21,537 34,335 Resources expended Cost of generating funds 2,403 35,839 Charitable activities Management and administration 4,742 3,822 Total Resources expended 7,145 39,661 Net IOutgoingl/lncomin8 Resources 64,864 15,3261 Total Fund brought forward 50,472 55,798 Funds Transfer to India Funds Trark5fer to Sri Lanka Totsl Funds carried forward 64,864 50,472
RAMMANANTHA TRUST {UK} BALANCE SHEET AT 31 DECEMBER 2023 Note 2023 2022 Current A55etS Cash at bank and in hand 64,864 50,472 Net Assets 64,864 50,472 Funds Unrestricted funds- General fund 64,864 50,472 Approved by the Board of Trustees.. Mrs Lalitha Sivagumar 05 October 2024
RAMMANANTHA TRUST IUKI NOTESTOTHE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 l Accountlng Pollcles a Accounting convention The financial statements have been prepared under the historical cost convention and are in In accordance with applicable accounting standards and the Statement of Recommended Practice "Accounting and Reporting by Charities" ISORPI issued in March 2005. b Income Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Legacies are included when the charity is advised by the personal representative of an estate that payment will be made, and the amount involved can be quantified. Income includes the total amount CeiVable in the year. c Expenditure Expenditure is included when incurred. Direct charitable expenditure comprises expenditure directly attributable to the main activities and objects of the charity. Management and administrative costs are those incLJrred in connection with the management of the charity's assets, or£anisational, administration and compliance with statutory requirements. d Funding Accounting Funds held by the charity are unrestricted general funds. There are funds which can be used in accordance with the charitable objects at the discretion of the board of trustees. e Cash Flow Ststement The charity has taken advantage of the exemption in Financial Reporting Standard No i from requirement to produce a cash flow statement.
RAMMANANTHA TRUST (UK) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 l Donations, legacies and similar incoming resources 2023 Unrestricted 2022 Unrestricted Box collection, Freewill Donations and appealslretreats 21,537 28,835 21,537 28,835 2 Others Funds collected 5,5(X) 5,500 3 Cost of Generating Funds Cultural Events & other expenses 2,403 35,839 2,403 35,839 4 Management and administration Printing, Postage and Stationery Bank Char8es 4,693 49 3,732 90 4,742 3,822 The trustees did not receive any remuneration or expenses during the year. 5 General Fund Balance at l January 2022 50,472 55,798 Surplus/lDeficitl for the year 14,392 15,3261 Balance at 31 December 2023 64,864 50,472