THE AKSHAYA PATRA FOUNDATION UK ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 egistered Charlty No: 1117756 THE AKSHAYA PATRA FOUNDATION UK CONTEKrs Reference and adminlstratlve detslls of the Charlty Trustees, report Report of the Indwndent Auditors Consolidated Statement of flnandal actlvltles io Balance sheets li Consolldated Statement of cash fl¢¥ws 12 Notes to the financial statements THE AKSHAYA PATrA FOUNDATION UK REFERENCE AND ADMINIsfRATION DEfAILS OF THE CHARrrY, rrs TRusfEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees RavlThJra Chamaria, a)alr Abhishek Khaitan (resign812 June 2020) Chan¢thalapathi Das Peter Marano Wayne McArdle 8hawani S Shekhawat (appointed 30 Juty 2020) Charity registered number 1117756 Prfndpal Offlce Unlt S ￿f0rd Trading Estate Imperlal Way Watford WD24 4YY Chlef executlve officer Bhawanl S SIEkhawat Audltors Knox Cropper LLP Chartered Accountants 65 Leadenhall Street London EC3A 2AD Bankers HSBC Bank 67 G￿e Street F￿chn￿nd Surrey TW9 IHG Sollclto Glb9)n, Dunn & Crutthr LLP Telephone House 2-4 Temple Avenue London EC4Y OHB THE AKSHAYA PATRA FOUNDATION UK TRusfEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Twstees present trEir annual report t()Jether with the consolhjated finandal statenEnts of The Akshaya Patra ￿ndation UK for the year to 31 March 2021. Objectlves and artivitieg Actfvibes urKlertaken to achieve ob]￿b¥￿S. The Akfjhaya Patra FouThJatKsn UK conforms to the fUrnIarr￿ntal princlples of The Akshaya Patra Foundattson In that ro child should be deprived of an education because of hunger. Towards thls end, TAPF UK was set up to suppjrt the attivities of the organisation in Indkl which seNes over 1.8 mlllkm children a freshly prepared, ￿t and nutrrtious meal every ￿hCo1 day. Ath0￿h tIE or6et of COWD19 pandemic1&1 to Icxk-down and schc4)I cb)sures, the F￿ndati￿ continued its activitles by provlding meals, ration kits and Happiness &)xes to millions of benef￿larieS In trying cIrcuMstan￿$. Millions of children have benefItt￿ from thls Sery1￿ and TAPF UK has worked hard to ensure that these artivitles are supp)rted by means of a range of activities. Furthermore during the calendar year 2020, TAPF UK made rapld progress on Its Initlatlve to serve children, families and all those who were struggled with food Insecurfty In the UK. Main acuvltles undertaken To further the Charfty's purposes for the publk tenefft The Trustees have complled wlth the duty In *tion 4 of the Charities Act 2[￿ and have consldered the Charlty Commlsslon's guldano on publk benefit in planning the charity's activitEs. The benefft provlded to the publlc Is conslstent wlth the aims of the tharty In UK. Achlevements and perfomMnce Maln ach1eveff￿nts of the Charity The charlty condnued a￿1 relentlessly executed on this three prorw kn￿.terni strategy To build a robust oryanizatlon and strerythen the team frjr fund raising and donor care To Execute a Pr(>Jramme whlch Is set up for seNiro chIld￿n and vulnerable groups In the UK In ￿lditIon to our support for the IrKlia prts3ramn To create rE•ver partnershlps for advwi and ImpacL The Trustees are pkased to rewt that slgnifKant progress has teen made on all of these Initiatives. The team has been strenfftned with investments in Sales Force sUPPOrt for Ct)nor care arKI further additions to the rnarketir￿ aThJ fund raising team. An MOU was executed with the UK bas&1 GMSP Foundation which hel[￿ us launch a brand new, stste of the art facility In Watford, Greater LoThfjon. A fantastic partnership was also re*nforced with The Childhcoj Trust. TAPF UK and GMSP both re￿1V8￿ outstandlng supptsrt and coverage in National aThJ intemational medka Ind￿1r￿j broadcaster5 like BBC, rrv. SKY aThJ other nthor*s. TAPF UK was also Select￿ by Sprott BUSI￿SS ￿h￿l, Cadeton Unfverslty in Canada for a researth paper on ts path-breaking initiative5. THE AKSHAYA PATRA FOUNDATION UK TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Achievements and performan￿ (continwl) b. Revlew of adNities COVID19 clea￿1 unpre￿ented challenges for the tharity, its staff and its activities. TAPF UK quickly PNOted to a ne¢1 approach for fund raislThJ, advccacy aThJ fcK)d provision wlth an onlirE-first ftKdd. Investments were made into qulckly rnmping up the digital infrastructure and all stsff were supkxyted with this tranSl￿n as we moved to a work from home approach. G￿en the challenges p)sed by the parKlemK, TAPF UK realised our support for the IThJla programff* needed bolsteriThJ despite xlKxII chjsures whllst we also had to continue towards building the kitchen In the UK. This twnt th had to c0nfrn￿ M ix*? fronts in on acc*ratÉtl manner wIt/￿t anydilutlon. The team, uslng online focussdl arKI dellvered on bulkllTrJ new partnershlps and collaEorative activities. The tharlty was a ch)sen partner wlth London Borough of Harrow working closely acr055 multiple initiative5. With ￿Me￿￿Ou5 supwrt from GMSP Foundation and Its TrUst￿S, the kltchen In Wattord svas built a￿1 commissiongj on tiff*, despite the pandemlc In October 2020, In tlme for ￿ Crtober half-term break and servoj thousands of meals to chlldren and adults in the second half of the year. Tr charrty was visltsj by promlnent leaders In the community, ￿presentativeS from the UK G)vemment as well as MPS from the UK ParlianEnt. The kltchen was assessed on multipk parameters on Health and Safety systems and the staff were fulty tralned on all pardnEtsrs cl Health and Fcod safety. TAPF UK also managed to strike Important partnershlps with many thwls, communlty groups, L￿1 Ed￿tIOn ALrthorSt5es LEAS and contlnu&l to served wlth speed and scale desplte the chalienges of the pandemic. TAPF UK also ￿1Val h￿h satisfaction ratings on its f(￿1 seN wlth repeat partnershlps. TAPF UK recelved approvals from tIE Howe offi￿ to transfer employees from TAPF Indla. Alsa TAPF UK was sdected to parkncipate In the Klckstarter ProJramme launched by the Chancellor of the Exchequer In the UK whith meant we We￿ SUPFOrted In our artNities of developlThJ and tralnlng young professlonals In the UK in the areas of MarketiThJ and Coror Care. In addltlon, the T￿$t￿ Initiated and, with the PElp of Gibson Dunn, cornp￿ted a review of the governan￿ Structu￿ of the charity and Introd￿￿￿ a number of new policie5 and procedures to ensure best governance prdctte wlthln the charty . Flnancial review a. Golng cor£ern After maklng approprkite eTr4ulries, the Trustees have a reasonable expthtion that ￿ Charity has adequate re9)Ur￿ to continue in operatK)nal existence for the foreseeable future. ￿ this rea9)n, they continue to adopt the go1￿ concem basis In preparlng the financkil statements. Further details regardiNJ the &Joption of the golng con￿rn basis can be found in the accounts￿ wI￿les. THE AKSHAYA PATRA FOUNDATION UK TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 b. Reserves pollcy TIE Charity contlnues to aim to hokl a maximum of stx rrthths running costs in resefve and designate the remaiTrJer for the main objective of the foundation. At 31 March 2021 free reseNe5, i.e. general fuTrJs nct Invest8J in Tangible fixed assets amounted to £241,435 which is below the target in the resetve5 poIKy. The charity will aim to grow unrestrictoj income so that the charity can get doser to the reserves tsrget. Totsl furn1s at tre year eTrJ are £1,065,553 (2020 - £150,551). Restri￿ funds totslled £482,700 (2020 -£21,770). c. Prlndpal rfsks arKI urKertalnties . As of KA¥ the Trustees flnd tsre to be Tr) major risks or uncertalntles. structur& governance and management Constitution The Akshaya Patra Foundatlon UK 6 a registered tharity, number 1117756, and Is constituted under a Trust deed. b. Methojs of appJlntn*nt or e*bon of Tnst The management of the Charlty Is the resrnnslblllty of Tntstees are elected and c opted under the ternis of the Trust deed. c. Organisatfjnal stwcture and detislon.ma￿￿ wlides The Trustees cOntIn￿ to play a prlmary role in ensurlrKJ g￿￿1 g￿ernan￿ and functionlrwj of the foundation, The Poard'5 role, furKtlons and resrMJn&bilfcies are quite deady defined. The 5 current TrUst￿S are: Ravlrhlra Chamarfa Chalrman & Managing Dlrector Infinity InfoTech Parks Ltd Chanchalapathi Das, VI￿ Chair of Akshaya Patra Fournlakn INlia Peter Marano, Chaimwn of Broadgate Wayne McArdle Consultsnt and retlr& part Gibson Dunn and Crutcher LLP Bhawani Singh Shekhawat CEO Tr Akshaya Patra Foundatlon UK Appolnted Trustee on 3010712020 THE AKSHAYA PATRA FOUNDATION UK TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The Charity currently has a team of 6 advisory b￿rd rwnters in the UK who have helped to secure finanaal SUPkXJrt and contribute to future planning of the organisation. The charity plans on engaging so￿* more ￿viSOry LM)ard twnbers wlK* can pethaps help grow the charity outside of London. The Trustees are encourag&J to vI￿t OFeratior6 in India, the kitchen where the meals are prepared and some of the which ￿Ne these rreals, d. Polrcies adopted for ttE inductlon training of Trustees . All Trustees are appointed Initialty for a 3 year term. Besldes other dutles, they will be required to gwe their tlme to the organlsation and help In its growth. For thi5 pufFose tly must attend at ￿$t 3 Trust meetings each year and engage with the ￿0 aThJ ￿ team to strengthen and support in all areas aTrJ aspects of fundralyng as wdl as a￿a￿neSS buildlng. The Trustees have access to all accounts and data as requlred to help make the strategic deaS￿n5 and work on the long term vlslon for the Fourthtlon. e. Pay Olcy for W manageffEnt persOnr￿1 . The Pay for key management Fersonnel has remalned unchanged and Is basej on ajreoj perf¢)Mian￿ paran*ters. f. Related party relatoonshlps . Many of the trustees and advIs￿ iK)ard memters donate to the UKcharity. All the trustees are supwrters of The Akshaya Patra Foundatbn Indla and during the year tFE UK charity makes donatk*)s to tr* ItKlia tharlty. g. Hnanclal rlsk rnan￿ement . The Trustees have assessed the major risks to whlch the Charlty Is expjsed, In particular those related to the operatlons and finan￿ of the Charlty, and are Sati￿ed that systerrfj aThJ p￿edureS are In pl￿ to mltlgate exFosure to the maicy rlsks. Future developments . The Charity wlll seek to grow its dorlx base aThJ to develop addithjnal funding partnershlps. The Charity intends to Identify ajditiotpl fe&llng partners In the Greater London area with a view to incr&￿Ing numter of meals seNed in the UK. Fundralslng The charity is committed to followlng the Code of Fu￿1raIS￿￿j Prattl￿. Durlng the year, the charfty did not make use of any extemal consultants to undertake its fuTrJraising attlvities. No data was shared wlth, or sok1 to, any exterrkil agencies. We did nct urbjertake unsolicited direct mall shots, seThJ any Un￿lICited n￿Sletter5 ¢y approach any Vulnerab￿ indivlduals to support our work. A complaints policy is in pla￿ but we re￿1V&1 no complaints during the year about any of our fuTrJralsing activities. THE AKSHAYA PATRA FOUNDATION UK TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 srATEMENT OF TRusfEES' RESPONSIBILrnES The trust￿$ are reswnsible for prepariThJ the tnts, annual rep)rt the financial ststements in accordan￿ with appI￿able law arn1 Unitol ￿ngdorn P£countirvJ Starxdard5 (Unltejj Klngdom Generally Acceptaj ACC￿nting practi￿). Charity law requlres the trustees to prepare financTral statements for each financial year that give a true and fair view of the state of affaits of the charity aTrJ of the incomirKJ resour￿ and application of resources of the charty for ￿ year. In p￿parIrWj those fina￿la7 statements the trustees are required to.. select suitsble acC￿ntIr1￿ wlkles appty them consistentty; observe the metknds and prtnclples in the Charltles SORP; make Judgments and accounting estimates that are rea9)nable arKI prLhJent; prepare the financial statements on the going concem basis unkss it is Inapproprtate to p￿Surne that the charlty vlll ccrtrtlnue In bu51ness. The trustee5 are reSpOn￿ble for keepiThJ accountlThJ records that are sufflclent to show and explaln the charlty's transactions and disclose with reasonable accurxy at any tlme the flnanclal positlon of the charlty and enable them to ensure that t￿ finanoal statements compty wlth Charities Act 2011 and regulations made the￿under. They are also respMslble for safeguarding the assets of the charty and hence for tsklng rea9)nable steps for ￿ preventlon and det￿t￿￿ of fra￿1 arKI other 1r￿Ularlt￿s. Thls report was agreed and $￿aned on behaff of the Board of Trustees on28January 2022. Ravindra Chamaria (Trt￿) REPORT OF THE INDEPENDEpif AUDrroRS TO THE TRusfEES OF THE AKSHAYA PATRA FOUNDATION UK FOR THE YEAR ENDED 31 MARCH 2021 Oplnion We have audited consolldatsJ fina￿￿1 stateM￿ts of The Patra FwxJats"on UK (the ' Parent charlty? and its subs￿lary fthe Groupl for the year ended 31 March 2021 whith comprise the consol￿ated Ststement of Flnancial Activiti'es, the Consolida￿1 and Parent Charity BalatKe Strw the Conwiidated StsterrEnt of Cash Flows and notes to the finanaal statements. indudiro a summary of significant accounting polioes. The finanoal reFQrting framework that has t*en applied in their prepaTrtKm is appliCat￿e law and United Kingdom Accoun￿￿9 Stsndards, including Finandal ReForting Standard 102 Tr Financial Rep)rting Stsndard applicable in the UK and Republic of Ireland, (Un1￿￿ ￿ngd￿n (knlly Acceptaj Actounbng F*ath￿). In our opinion, the finanoal statements.. g(ve a true atxd fair wew of the state of the Group's and of the Parent Charitys affairs as at 31 March 2021 and of the Groups incwiing resour￿ and aOKation of resour￿ for the year tt)en ended: have teen proFerly Exepared in accordan￿ with Unrted ￿'n9¢￿)M Generally Accepted ACC￿nting Prattl￿. and have teen p￿parth￿ In acCOrdar￿ the wU1ren￿nts of ttE 0￿rItIeS kt 2011. Basls for oplnlon We conduc￿1 our audlt In accOrda￿e with Intemati¢)nal Standards on Auditing (UK) {IS4s (VK)) and aplicable law. Our respC￿s1b1l1ties under those stsndard5 are futhr degcTibed in the Auditorfs resFongbillb"es for the audit of the flnandal statements sett￿￿ of our report. We are Independent of the Grtyjp aTrJ the Parent Charfty In accordance wlth the ethical requlrements that a￿ refevant to tsjr audrt of the finanoal statements In the U including the FRCS Ethical Stsndard, and we have fijlfilled ¢)ur other ethkal responsib'lities in accordance wlth these requirements. We tdieve that the aLvJIt eVkIen￿ ¥￿ have obtained Is 9Jfflcient and appropriate to prO￿￿e a bas's for our OF4nicn. Concluslons relatlng to golng concern In audlting the financial statewEnts, we ha￿ corldth that the trustees. use of the sxlng ccfitsm ba￿5 of accountlng In the p￿paratIon d the finandal staten*nts Is apprcyra*. Based on the wc¢k we haNE perforn*d, ¥%* haNe not any materfal uncwklntles relèVng to events or conditions that, IndivKlually or collectNely, may cast significant dout* on the Group and the Parenl Charlty's a￿1 to contlnue as a golng con￿rn a ￿ricAl of at ka5t twefve rThJnths from when the finanaal 5taiements are authorlsed for Issue. Our reswnslbllitles the re5F¥JnsIt￿lttles of the trustees wlth respect to gdThJ ccncem are des¢ribed In the relevart s&ttons of this rwrt. Other Informatlon The other infomiation compdses tt* Infonnath)n Induded In the annual other than the financial statements and our auditor's report thereon. The trustees are re5wfynsibk for ￿ other informatK￿. Our opinlon on the fiftanck?I siatanents thes Thjt cover the other InformatK)n d) not express any form of assuran￿ Condu￿On thereon. Our ￿p￿￿bilty is to read the thr Inf(mNkn and. In (kxro ￿, con51der whether the other Infomiatk)n Is materially incongstent with the fina￿(31 statements or our knoWI￿ge c￿tsIned in the course of the audit c otherwise apFears to ￿ matwially misststed. If we kjentify 5wh material incon￿Sten0es or apparent materlal misstatements, we are wuired to deterniine whether there is a material mi5ststement in the financial statements themselves. If. based on the woth we have ￿rform￿l. we corKI￿le that there Is a rrwterial mi55tatement of thls other lnf0rrnat￿n, we are required to repKJrt that fact. We have rothing to rwt In thls r8Jard. REPORT OF THE INDEPENDENf AUDrroRS TO THE TRusfEES OF THE AKSHAYA PATRA FOUNDATION UK FOR THE YEAR ENDED 31 MARCH 2021 (continued) Matters on whlch we Bre requlred to rep(rt by excepuon We have nothing to rekKSrt in respect of the frAlowiThJ matters in ￿latIon to whth the Chaiibe5 Att 2011 require us to re￿rt to you if, in our o￿nK)n. the lnfomiatM￿ gwen in the finaThial State[T￿nts Is in(Th5itht in any rna￿al reS￿t wlth the twstee repK)rt; or adequate accounting records have not been kept by the Pa￿nt Charity,. or the Parent Charlty financial statements are not in a8reement with the accountin8 records and retums,. or we have not rec￿V￿ *1 the Inf￿Mali￿ aThJ exE4anat1￿S we require for our aLklit. Responslbllltles of trustees As explained fulty In the Trustee5' ResF#JWt411tres Slatrnt, the Trustees are resp)nslble for the preparation of the finanoal ststenEnts aThJ for ￿eIng satlsfi&l that they give a true and fair view, and f¢y such Internal control as the tnjstees detemilne is ￿sSary to enat4e the preparatiiyb of finar￿al statements that are free from matedal misstatenEn¢ whether due to fra￿ or errcr. En prepariro the hnanckil stateThnts, ￿ trustees are for a$sts￿n9 the Group5 ar¥J the Parent Charlty's ability to continue as a goiro Con￿rn, disdoslng. as aPF4Kable, matters ￿lated to golng con￿rn atxl ulng the going concern bals of accountlThJ unles5 the trust&s eitr* Intend to Ib4uidate the ￿MpanY ly to ￿ase Opera￿on$, or have no ￿lI*1C altemative but to do 9). Audltor'• Msponslbllltle• for the Judlt of the flnJnclJl •t•tsm•nl* We have teen appolnted as aL*Jltor uThJer secym 144 of the Oorltle5 2011 •)d rep>t In accordan￿ wth the t and ￿￿vant regukti￿s made or ha￿n9 effett thereuTh*r. Our objective5 are to obtsin reaSona￿e J￿ran￿ about whetr*r the fIna￿al siatements as a whole are fre from mater￿1 mi$5TratemenL whether due to fraud or error, and to issue an auditty's ￿￿￿rt that Includes our opinion. Rea9)nable aS9jran￿ is a hNJh level of assuran￿, but Is not a guardntee that an audit coThJucted in aco)rdan with ISAS IUKI will always detect a m)terial mis*atrnt wha) it exists mithteM￿ts can arfse from frnud or error and are conslderej material if. lTrdNkJualty w In Ihe aoJregate, could reasonably be expecbj to Influen￿ the economlc decisions of users taken on ￿ ba95 of these finanoal $trten￿nts. IrregularftSes. Indudlng fraud, are instarKes of non-comp￿Ian￿ with laws aThJ wulatlcfft, We delgn wocèjures In line with our regyongbilities. outlined at￿, to det&t matenal Misstat￿ents in res￿ of Srregularftie5, Indudlng fraud. The extsnt to which sjjr pr￿edureS are capabk of detethng irregularlues, i￿lUding frèud is detalled below: The Parent Charlty is requlred to t￿￿4Y with chaTtty law and, based on wr knowledge of rts attivities, we identified that the ￿gaI wuirement to compty with the (tsrity SORP was of key *nfficAn￿. The Group Is a19) r￿Uired to c(￿pIY wf(h the Fcoj Safety Act 199) antl frxxl hygiene legislation antl wulations. We gained an understsnding of hThY the GroLbP and Parent Ctharlty ccrfnplied with its legal and reguktory fran￿Wrf irKludiThJ the reQuirem￿t to o)mpty with ￿ tharty 93RP and proFerly account for restricted fU￿S and to comF4y wf(h FODJ Safety ar*J Hygiene legislab.on and regUla￿OnS, through dlKusgons with management and a rewew of the dcumental ￿KIeS. prrxedures controls. The audit team, which ts e%Fth￿￿d In the audit cl charits& Con￿d￿ed the Grtyjp arKI Parent susceptibility to material n￿ss￿te￿￿t and h¢x fra￿ may (mir. consderations ir￿￿deLI ￿ risk of managemt overtije. REPORT OF THE INDEPENDENT AUDThORS TO THE TRusfEES OF THE AKSHAYA PATRA FOUNDATION UK FOR THE YEAR ENDED 31 MARCH 2021 (contlnued) r approach was to che(* that all restn.cted income was pr(pedy identifioj at￿ separately aco)unted for aThl to ensure that On￿ valid and appr(W￿te eynditure was thar￿￿ to reStritt￿ fvnds. This induded re¥￿wIng ioumal adjustments and unu9Jal transacbw& A further descriptbon of our reSp￿sIbi1rtleS for the a￿lIt of the finandal statements is IcKatèJ on the ￿nandal Reporb"ng Council's wetsite èt: www.ffc.org.uwaudjtorsresp￿￿bIlltses. This d￿lpt1￿ forms part of our auditors reFQrt. Use of our report Thls report Is made 501ely to the chari￿5 tr(￿ee5. as a trthy, in ￿C￿dantr with Charltles Act 2011. audit work has been undertsken, so that ￿ might #ate to the chariVs trustees those matters we are requlred to state tr) them In an auditor's reFK*t and for no other puryx)se. To the fullest extent perrrllited by law, we do not a￿pt or assume re5pJnsibility to anwme other than the charity the trustees as a btslyi for our audit work, for thi5 repM or for the cyinicffls we have forn￿￿. 31101122 Knox CropFer LLP Statutory Auditor 65 Leadenhall Stret London EC3A 2AD Knox Cropper LLP is eligible for appointment as auditor of the charfty by vlrtue of ell8lbllity for appointment as audltor of a company under section 1212 of the Companies Att 2006. LIDATED ND EXPEND REAC Unaudlted Funds Funds 2021 2020 INCOME FROM Donatlons and legades 322,881 1,926,489 2.249.370 923.8 Investments io Other Income 35,810 35.810 11,515 Totsl 2 285 180 935 405 EXPENDrnIRE ON Ralslng fuThJs 13.832 13,832 18,914 Charftsble AthV￿es 393,1)J6 1,3S6,346 1,100,847 Totsl Resourc4s Expond¢d 1370 178 1 119 761 Incomel(Exper*Jlture) for t￿ year {48.147) 963,149 915,002 (184,356) Gross transfers funds 16117 2,219 (502,219) NET MOVEMENT IN FUNDS 454.072 4￿.9 915,002 (184,3561 Total funds brought forward 128,781 21.770 150,551 334,907 Total lunds carrled fo¢iv•rd 1065 553 150 551 All incomin8 resources and resour￿5 e¥pende(J derive from continuin8 activltles. io AYA Unaudit￿1 2020 2021 Group Pdrent Gro Parent FIXED ASSETS Tangible Assets Investrnent In SUb￿diary company 341.418 6,520 9,715 9,715 341,418 6,521 CURRENf ASSETS 9,715 9,715 Stctk Debtors Cash at bank and In hand 1.633 104,014 io li 198,961 571837 770,798 317 317 776,256 151,185 151,185 Cr&Jltors '. AnN￿nts falllng due wlthbn one year 12 (52,121) (20,2991 (10,349) (10,349) NET CURRENT ASSETS 724.135 750.499 140,836 140,836 NEf ASSErs 18 1,065,553 757,020 150,551 150,551 FUNDS RestrScted Unrestrl¢led 16 17 482,700 582 853 1,065,553 482,700 274 320 757,020 21,770 128 781 150,551 21.770 128 781 150,551 The finanaal ststements b%*re ap￿￿1 ty the Trustees on the 28 January 2022 and Igned on thelr behalf ty., Ravlndra Chamarla (Chalr and Trustee) AT NDATIO sr MAR 2021 2020 Cash flows from operntlng activities: Net cash pn>vided byl(used in) operatlng acts¥it149 8￿*,815 10,156 Cash flows from Invwting activltles: Purchase of proFertyi plant and equipment Inteiest re￿iVed Net cash pnNlded byl(used In) Investlng actt¥ltles (371,074) (5921 io (582) (371,074) Chjny In ¢ash and cash equlvJl¢nts In the reportlng perfod Cash and cash equlvalents at the Ixglnnlng of the reportlng perfod Cash and cash eqylv•t•nts at the end of the reportlng perlod 519,741 9,574 150,868 141,294 670,609 150,868 Reconclllatlon of n•t Incomel(expendltur•) to net cash Ilryw from operntlng actlvltle• 2021 2020 Net inconW(expendliurel for the repyung p8ltsJ Depreda￿ffi charges (]r￿ase1/deCreo$e In stc(k {Increaselldecrea5e In Increa5elldecrea5e) in crtslittrs Invesknent Income 915,002 39,371 {1,633) (103,697) 41.772 1184,356) 4,871 189,934 {283) lio> 10,156 NrtcJshprt4vldedby/(uAedln) opernttnq *¢dvldes 89J,815 Anatysls of thJngeJ In Net Debt At 1.0&2020 At 31.03.2021 Cash and cash equfvalents 519 741 519 741 670 609 670 609 12 PA UN l. AccourirING POLICIES is of Accounting The financial state￿Its of the tharity. whith is a public benefit entsty under FRS 102, have b￿n jared In accordan￿ with the Chanties SORP (FRS 102) 'Accounting and ReFQrting by Charitres: ststement of Recommended practi￿ appltstAe to tharities prepartng their accounts in accordan with the Financtal ReM￿j Standard appAicable in the UK atx1 Republic of Ireland (FRS 102) (effective l January 2019),, Finandal Reporting Stsndard 102 The Finanoal Rep>￿n9 standard aPF4icab￿ in the UK Republic of Ireland. arKI the tharities +l£t 2011. The Ak5haya Patra Fwndab"on UK nEets the definition of a publK benefit entity under FRS 102. A￿ts and IlaL*lities are init1a1￿ reco3nised at hi￿￿1¢al c05t or transacuon value unle$5 otheMSse stated Sn the relevant acceljnting Fdocies. The financial statements are pre￿ted kn ￿>￿ndS sterllng. b) Group Accounts The flnanclal ststements C(￿9?1￿￿ate the resutts d the d￿rIty arKI Its wholly subshllary Akshaya Patra U.K. Llmlted on a Ilne by line ba￿& c) Golng Concern The trustees have assessed whether the use of the 9)iThJ ￿¢￿ern assumptbn Is appropriate In preparlng these ftnandal stateffÉnts The tnjstees have made this a￿sSMent In resFect to of ore year from the d* of apprcwal of these financoal staterrents. In partlcular, the Trustees regukrly rewew dets51eil cashllow woleth¢Jns Indudlng all expenses, and Wed Incclne. The Tru5ttts, having con5pJered the wOjert￿ns and rtsks de5crt￿ above have a reasonable exk*rtatkn that adequate finanoal reSQNjr￿ will C￿tifi￿e to te available for the fore5eeatle fijture. Based on thls tlk trustees haNt conduded that the charty remains a golng concwn. d) Judgements and kay ￿￿r¢e9 of esllm•tlon uncertalnty Judgements key sources CA estimatk)n urKertsinty 8re dttailèl in the accounting pdlcy where aprAtibk. e} Incomln9 Resoure The Incoming resources of the charity have been recc43niS￿ On￿ the charfty has ents￿ement to the furKIs, It Is wobable that the Inujme will be re￿iVed and the amount (an be nEa5ured rellabty. Lkjnated SeN1￿ or faalities are reo)gniseJJ when the has contrd over the Item, any conditFons as￿ated with the I•￿at￿￿ item have W met, the rereipt of economK trEnefft from the use of the charity of the rtem is probatje aThJ that economic t*nefit can LE measured rdiably. In accordan￿ with the charfE￿ SORP (FRS 102). general vdunteer time is not recogni%d Incrfft tax recoverable in relatr.on to donations r￿￿ed Un￿ Gift Akl CY (leols of covenant is r￿nISed at the tirre of the 6)nath￿. 13 ACCOUNTING POLICIES (contlnued) Expendlturn LiabllitEs are recognlsed a5 werwj¢tu￿ a$ 9>M as thwe is a legal ￿ cffisinjcbve Obl￿tIOn commlttlng the tharity to that eXp￿lture, it is that a transfer of econom￿ benefits will be required sdvement and the arrwnt of the oblvjation can ￿ n￿Sured rella￿y. The Parent tharity is unable to r￿0Ver VAT on its eypernlrture and any VAT arisng Is Ind￿￿ed as part of the exFendlbj￿ to whKh it rdat Expenditure is daS*r￿ by activlty. The coas of each artiwty are made up of the total of direct costs and shared costs, induding supFrfyt C05ts in¥olv&J in ur*JertskJ'ng each aCtI￿ty. Direct costs attrfbutable to a yngle aLllwty are allcJramrre Homeless feedSrrfJ UK Campalgn Other donatiC￿5 69,025 ,514 69,025 80,514 348,584 156,362 22,424 340,3H 146,588 146,588 1,048,034 1,048,034 449,059 145,0Tr) 155.S59 49,425 25,261 ,Isi ,059 145,CKIO 155,559 49,425 25,261 54,151 56,166 Comparntlve GROUP 2020 Ct•nations from Indi￿d￿al$ 237.369 Cwate donations 156,362 Grft akl 22,424 )na￿OnS for Ak5hay7 Patra 340,34 Foundation India tbnabons for Akshaya i UK Pri>Jramme 111,215 348,584 156,362 22,424 OTHER INCOME GROUP 2021 2020 Hollday aubs CHARrrABLE AcfxvTfIES GROUP 2021 2020 Feeding progrnmm•s Cirect costs Staff cosfs Grdnts 228,554 280.136 270,ni Aksha￿d Pdtsa Foundatlon I￿lia 717,379 590,34 239 782 1 100 847 16 PAT 5. SUPPORT cosrs GROUP Totsl 2021 Totsl 1020 Oepreciation Prlnts'ng and F4JStage Premises costs Travel and sub9sten￿ coas Bank charges IT software and expenses Sundry expenses Professional fees w￿te back of pledges ContracbJal staff fees 6.134 614 12,773 9,642 1,738 7,418 441 17,348 4,871 3.788 20,662 45,607 1.387 575 5,888 149,905 6. DIRECT cosrs GROUP Totsl 2021 Totsl 2020 COVTD UK feedlng costs UK hdiday dub feeding costs UK feedlng programrr 40,500 60,751 127 303 17 YAP FOUND TION srAFF COSTS 2021 2020 Gros5 Salaries Sc(hil Securbty costs Penaon costs 249,783 26,807 250,217 18,368 270 721 Manage￿rrt r*s￿ne1 . Total employment Costs 134,591 136,685 The nUrn￿er of employees whose ￿n￿ee ￿nefftS excethl É60,1))O was: £130,Th)1- £140.00) The average number cl emr4oytes dudrNJ the ￿r was 6 (2020: 4). . FIXED ASSErs GROUP Leasehold machlnery Motor T¢>tsl At i%t April 2020 dltk)ns At 3111 Marth 2021 1,521 18,590 20,111 371074 391 185 231331 231331 Deprodatlon: At Ixi Aprtl 2020 Pmvlded during y&ir At 31st Marth 2021 713 9,683 10,396 Net Book Value at 31st Marth 2021 Net Book Value at 31rt March 2020 128 961 18 TI TES THE FI ANCIA FIXED ASSEfs (CONTINUED) PARErir CHARrrY Plan¢ machlnery Motor and others vehicle Total At 1st Awl 2020 Addl￿OnS At 315t March 2021 1,521 18.590 20,111 Depredatlon: At 1st April 2020 Pr￿ljed during the year At 3111 March 2021 713 9,683 10,396 Net Book Value at 31" March 2021 Not Book Value at 314 March 2020 INVESYMENT IN SUBSIDIARY UNDERTAKING PARENT CHARITY 2021 2020 At G%t'. 100% Ord. gwre Ca￿￿tal of Ak5W PètR UK LIM￿ed The total Income of ￿ya Patra U.L Lfmoted was £503,224 arKI the 9JTplL￿ fty the year was £308,533. The net a55ets at 31 Match 2021 anbjunted to £308,533. 10. DEBTORS 2021 Group 2021 pa￿nt 2020 Grt)up 2020 Parent AnTr)unt ¢Jue from 9JbshJlary company Other Debtors and Prepayments 127,348 317 317 317 317 11. CASH AT BANKAND IN HAND 2021 Group 2021 Parent 2020 Grc￿p 2020 pa￿nt Bank Bala￿e5 670.609 571.837 150.868 150,868 19 APA 21 12. CREDITORS: Amounts tsllirwj due wlthln one year 2021 Group 2021 Parent 2020 Jp 2020 Parent Amount due sub9diary ccmpany Trade creditors Other taxatIC￿ aNI scKlal security Pension creditor other creditors Accruals and deferred ina)me 6,807 8,268 8,268 7,040 783 25,993 783 978 459 200 4YJ 200 52,121 20,299 10,349 10,349 13. TRusfEES' REMUNERATIOPI AND EXPENSES Bhawanl S Shekhawat, ￿ dwrws chlef eX￿ul￿e oflker was also apOnted as a trL&ee of the tharity on 30 Juty 2020. The charity's governlng d￿Un￿nt allows tN*ees to be remunerated and hls salary as CEO did not thange. He is not remu1)era￿ for his rde as a trustee of the charbty. HIS total cost of emplownenL Indudir¥J employer natinal Insuran￿ and Fenyon stheme contdbuuon for the wlK4e xcountsng r*rknd was £134.591 (2020: £136.665). Other than the remuneratyon of the CEO, M Temuneratim. dlrecdy or IndlrEdy, out of the funds of the Chartty was paid or payable for the year to any Twstee or to any perg)n or persons known to te connected with any of them than that d&Josal In note 15. 14. TAXATION The Ak5hay3 Patra F￿ndat￿in UK Is a registered d￿rity and is Fthnbally exempt from taxatlon In resk%rt of income and capitsl gains receNèJ within the cateJorte5 covered ty Part Ll of the Corpjration Tax kt 2010 or Section 256 of the Tay2tb)n of ChargeatAe Gains kt 1992 to the extent that th Inco￿￿ or galns are apph'ed to exdwvety charftrble purp)*% 15. RELATED PARTY TRANSAcfioNS The charity's CEO was appJnttxI as a Trustee on 30 2020 arhj his totsl cost of empk)ymen¢ indyding empbytr natsonal Insuran￿ and p￿slon 5theme CL￿tributiOns, for the whde accountr'tYJ peric¥J was £134,591 {2020 . £136.685). EMF40￿n￿t rl trustees is r￿Mitted by the Trust Deed and thos app)ntm￿t is con*ered to ￿ In the best intwe5t of the (fvrlty. At the year end the￿ weJe no pledges outstandiry frryn TnIst￿5 {2020 - £nil). A long5tsndirvJ pbjge from a tru*e, Mr Chamaria, of £149.￿5 was writta) bad( during the year end8J 31 Marth 2020 and is induded in suppjrt cost& The Trustees are all sup¥Kxters of The Akkna Patra F(x#mIati￿ Indla. The UK charfty made a don￿On of £717,379 to Tr Akshayd Patra Foundalion {INJts) in the year (2020: £590,344). There were ￿ other relat&1 party tran￿lIon& STO EKr 16. REsfRICfED FUNDS Group and Parent charlty Balance blf Balance clf UK Donatior UK feajingl UK programff Kitd)en operats.ons Capltal funds Nourish to Flourish Homeless feeding COVID UK c£smpa￿n 25,980 49,425 75,405 145,(rf)O (4.210) 449.059 155,559 25,261 54.151 [65,OW) IK),CNJOI (369,382) (47,837) (S,0￿> 75,467 46,971 20.261 13,651 (60,751) (40,5LVJ) INDIA covtD 19 India FthJ for educatlon Sthool plethjes Restrirted fund fy Indla 601,450 234,469 122,115 (597,031) (59,861) (112,419) (27.778) 4,419 174,608 9,696 62,222 21770 1926 489 The transfer from capitsl funds represents fvnds ¥ent on wrthasing and fithtYJ cwt a ￿MmercIal kitchen which fulfilled the fvThY's restriction. The other transfers ￿present relmbursement of un￿strtcted funds lor expendibjre reFatkng to the ath*venEnt of the puw of the IndNidual restricted funds. COMPARATIVE 2020 Baljnce blf Expendlture Balanc ¢11 Income tknatk)ns feeding School pledges lthtthen kyojects UK 12.351 56.166 (42,537) 2S,980 111,215 (111,215) 167 381 157962 21 ATRA 17. uNRESfRI￿ED FUNDS 2021 Group zoii Parent 2020 fknup 2020 Parent General Rese Non-charitabk furds hdd In subskiiary 274.320 274,320 128,781 128,781 274 320 128 781 CURREHT YEAR Balance blf Expendlture Trnnsfers Balanca clf Inryjme General ReseNe Non-charitable funts held In subsdlary 128,781 357,686 (212,147) 274,320 128 781 582 653 PRIOR YEAR Genefal reserves De￿gnated fur￿$ bffjught forward as at l Apnl 2019 for Fc*>J for Eduoljm totslllng £110,229 We￿ released to genernl re￿￿ In the year entsJ 31 Marth 2020. 18. ALLOCATlOt4 OF NEf ASSETS FOR THE GROUP The net assets are hekl fty the varkmjs fvNts as folltrhS: . Flxqd Cyrr•nt Current Uabllltle• Total Restn'cted ￿ndS UnresErirtèJ Funds 482,7CW) 293 556 482,70) 582 853 1065 553 COMPARATIVE 2020 Flxed Current Current Llabllitses Totsl Restric￿1 Funds Unrestricted FLM 21,770 21,770 128 781 151 185 AN L STATEME 19. NET INCOMEI(EXPENDmiRE) This is stateAI after charrjlng: 2021 2020 pyeaatlon of tsngibfe fixed assets Audiiorfs remunerath'L IndeFendent ￿mI￿5 fee 39,371 8,720 4.871 20. FINANCIAL COMMThMENTS The charty's iotsl future mlnimum lease pa¥n￿nts und¥ non￿an￿lable o￿ating leases (all for prowrty) is as follows for each of the fdlowing P*riC*Js: 2021 2020 Less than one VEar One to Féve years 36,C¥)O 21. CONSOUDATED sfATeMENT OF FINANCIAL AcnvmES FOR THE YEAR ENDED 31 MARCH 2020 Fund* Funds 2020 INCOME FROM CA)na￿on$ legades Investments 756.499 io 11,515 167,381 923.880 io 11,515 Total 167 381 EXPENDITURE ON Ral*NJ funds Charltable Acilwtbes 18,914 942.885 18,914 I,ICK),847 157,962 Total Resources Expended 1119 761 InComel(ExpwMll￿rn) for the year {193,775) 9,419 (184,356) NEf MOVEMENT IN FUIIDS (193.775) 9,419 (184,356) Total funds brought forward 322,556 12,351 334,907 Total funds carried foThvard 128 781 23