CHARITY REGISTRATION NUMBER: 1120315
Manavata
Financial Statements
31 March 2024
D&D Accountancy & Taxation Ltd 44-60 Richardshaw Lane Pudsey West Yorkshire LS28 7UR
Manavata Trustees' Annual Report Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name Manavata Charity registration number 1120315 Principal office 52 Akron Drive Wolverhampton WV10 6EG
The trustees SRINIVASA CHOWDARY ALLURI (Chair) KALYAN PETLURU Vamsi Krishna Jasti Hemanth Kumar Devabaktuni Leena Vinod Thomas UMA LADE BABJI VUNDAVILLI VEERRAJU MARNI RAMALINGESWA RAO PENUMUDI
Independent examiner Mr V Dontula (AFA, ATA, MIPA) D&D Accountancy & Taxation Ltd 44-60 Richardshaw Lane Pudsey West Yorkshire LS28 7UR
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Manavata Trustees' Annual Report (continued) Year ended 31 March 2024
Structure, governance and management
The charities governing document is its constitution,
The Trustees who served during the year were:
MR SRINIVASA CHOWDARY ALLURI MRS UMA LADE MR KALYAN PETLURU MR RAMALINGESWA RAO PENUMUDI MR VEERRAJU MARNI MR HEMANTH KUMAR DEVABAKTUNI MR BABJI VUNDAVILLI MR MANISH KUMAR MRS LEENA THOMAS
Under the constitution trustees are elected for one year.
No trustees received any remuneration for services as a trustee.
No trustee had any beneficial interest in any contract with the charity during the year.
Existing trustees brief new trustees on the charity's aim and objectives, They are also given literature about the charity and directed towards the charity's website. This enables them to fulfil their role in line with the Charities Act. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The Charity's principal aims and activities during the year were to fund and maintain our co-existence projects, and to include the following;
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1.To financially assist persons who are in conditions of need, hardship or distress,
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To assist children throughout the world without consideration of race or colour or religion and
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To create awareness on health and environment for sustainable development.
These aims were made possible by the volunteers with their continuous efforts and incoine from the cycling events, charity walks and donations received.
Volunteers take up different initiatives to help needy for identified cases, particularly for critical surgeries, trustees perform appropriate background check and Trustees then allot funds which are transmitted to the hospitals or organisations by the volunteer concerned.
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Manavata Trustees' Annual Report (contlnued) Year ended 31 March 2024
Achievements and performance
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Rural health cenlres and medical camps: Regular dispensaries are running in 50 centres successfully with holistic health care to needy (homeopathy, ayurveda and yoga therapy) in AP and TS stales in India. This year we have also conducled number of medical camps wilh different speciallst doctors like diabetic, dental, amputee. hearing aid etc. The free onllne Yoga sesslons helped around 800 people In balanclng work and thelr health. Volunteers at Reading, Sutton, Sutton Coldfield, Tonbridge have continued to take free Yoga sessions on the weekends. Approximalely 200 families have benefitted with these sessions. Manavats Academy for Human Excellen (MAHE): continued to offer value-based education to the children. Children are taught with yoga. meditation. human values. healthy living, organic kitchen gardening, selfless service, humanty, personality development, life skills, classical music and other extracurricular activities and assisling on academic courses. Around 30 rural study centres in India and 3 centres in UK. around 6000 children benefitted through these courses. Volunteers organised various fund-raising events ex: Summer Fest and charity walks. Also. helped volunteers in India in planning various health camps. rural development activities and other programs Natural Farniing.. Manavata carried out plantation program, promoting natural forming teGhniques. Organized 4 workshops which have trained around 500 farmers in Andhra Pradesh, and Telangana stages, India. We have also Inttiated 2 projects one in East Godavari district and one in Khammam district to grow poison-less food without using chemicals I pesticides and using zero budget natural famiing methods. This helped local farmers to learn practically and experience benefits. This also helped us to produce rice Natural Farniing: Manavata carried out plantation program, promoting natural fomiing techniques. Organized 4 workshops which have trained around 500 farmers in Andhra Pradesh, and Telangana stages, India. We have also inttiated 2 projects one in East Godavari district and one in Khammam district to grow poison-less food without using chemicals I pesticides and using zero budget natural farming methods. This helped local farmers to learn practically and experience benefits. This also helped us to Produ rice for our children. Vision for this project is to achieve sustainability by protecting the soil. environment and people health. It also helps at great extent to avoid Cancer. heart attacks and many other chronic diseases.
Public benefit The Trustees have considered the Charity Commission guidance on public benefit and consider that activities of the charity meet its charitable objectives and provide benefit to the public Project Number of people benefitted Location Number of Volunteers involved Help Needy Orphanages 275 children In AP & TS, India. (Lolla, Kottakota, Hyderabad & Kalluru) Bhavitha schools in Someswaram, Mamidada 25 Blind, differently abled, Dumb and Deaf children Food to old people Notebooks to poor students 45 80 35000 students Lolla, Kothakota and Hyderabad Multiple locations in AP and TS for poor students in rural government 20 schools. Health Rural health & medical centres 70000 patients Lolla, Gangavaram, Konkuduku, Vetlapalem. Mamidada, Machavaram, Biccavolu, Sandredu. Angara, Rachapalli, RB Patnam, Vendra, Machara, Angara, Alamuru, Kottakota, Pebbair, Wanaparty, Hyderabad. etc Multiple locations across UK. USA and India 45 Yoga and healthy Living Online Yoga Blood donation helpline and camps 3000 families 25 6500 people 40000 people Hyderabad, Kakinada, Bangalore and other locations. Camps conducted and also organized donors via our helpline. 3000 Education PDP {Personality Development) and value education Environment Natural farming Cycling for Humanity 6000 students Multiple locations in UK, USA and India 45 500 farmers Campaign reached to general publlc 4000 saplings In AP, TS and Kerala Multiple locations in UK, USA and India 20 300 Plantation Drive Multiple villages in East Godavari district. Plantation at both public places and 2 fruit plants for each home. 80
Financial review
The total income for the year ended 31st March 2024 was £62,414 and the total expenditure was (£34,348) as described in the financial statement.
The balance sheet remained strong during the year, the main constituent part of continuing to be cash reserves.
At the year end the charity has general cash reserves of £34,150 (2023: £13,788). The reserves will be used In the future as planned expenditure comes to fruition and new projects arise.
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.
The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
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Manavata Trustees. Annual Report (continued) Year ended 31 March 2024 Plans for future periods: We would like to continue and expand our work in chosen areas Health, Educatlon, Environment and Help Needy. In coming year, we are planning to support more than 300 chlldren. Another 25 vtllages to be adopted for sustainable rural development MAHE, the value-based education to be established and run in 4 locations. Increase awareness on health and protecting the nature. We also focus on youth leadershlp programs and reach more young people towards building responslble leaders. We thank all our volunteers and donors here without whom we could not continue this journey The trustees, annual report was approved on 31st January 2025 and signed on behalf of the board of trustees by: Mr B Vundavilli Trustee Mr K Petluru Trustee
Manavata Independent Examiner's Report to the Trustees of Manavata
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Manavata ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of iny examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2, the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any 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.
Mr V Dontula (AFA, ATA, MIPA)
D&D Accountancy & Taxation Ltd 44-60 Richardshaw Lane Pudsey West Yorkshire LS28 7UR
Date: ___31/01/2025
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Manavata
Statement of Financial Activities Year ended 31 March 2024
| Note Income and endowments Donations and legacies 4 Other trading activities 5 Investment income 6 Total income Expenditure Expenditure on raising funds: Costs of raising donations and legacies 7 Expenditure on charitable activities 8 Total expenditure Net (expenditure)Income and net movement in funds Reconciliation of funds Total funds brought fonvard Total funds carried forward |
2024 Unrestricted funds 62,286 128 62,414 217 34,131 34,348 28,066 45,296 34,150 |
Total funds £ 62,286 128 62,414 217 34,131 34,348 28,066 45,296 34,150 |
2023 Total funds £ 39,207 - 7 39,214 1,533 50,000 51,533 12,319 - 53,000 13,788 |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 11 to 17 form part of these financial statements.
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Manavata ststement of Financial Position 3tst March 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 14 34,150 34,150 13,788 13,788 Credttors: •rnounts falllw due wlthtn ye•r Net current assets Total assets less current liabilities 34,150 34,150 13,788 13,788 Funds of the chaiity Unrestricted funds Total charlty funds 34,150 34,150 13,788 13,788 16 These financial statements were approved by the board of trustees and authorised for issue on 31st January 2025, and are signed on behalf of the board by: Mr B Vundavilli Trustee Mr K Petluru Trustee The notes on pages 11 to 17 form part of these financial ststements. -10-
Manavata Notes to the Financial Statements Year ended 31 March 2024
1 General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated, The address of the principal once is 52 Akron Drive Wolverhampton, WV10 6EG
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Manavata Notes to the Financial Statements &conrlnued Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will Row to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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. legacy income is recognised when receipt is probable and entitlement is established.
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. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities,
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Manavata Notes to the Financial Statements &conrlnued Year ended 31 March 2024
3. Accounting policies (continued)
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date, If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of signiTicance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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Manavata Notes to the Financial Statements &conrlnued Year ended 31 March 2024
4 Donations and legacies
| Donations Donations Membership fees Gift aid 5 Other trading activities Fund raising income 6 Investment income Bank interest receivable 7 Costs of raising donations and legacies MAHE - Online fund raising costs MAHE - Hall hire MAHE - Materials MAHE - Teacher costs |
Unrestricted funds £ 62,286 62,286 Unrestricted funds £ - Unrestricted funds £ 128 Unrestricted funds £ - - |
Total funds Unrestricted 2024 funds £ £ 62,286 39,207 - - 62,286 39,207 Total funds Unrestricted 2024 funds £ £ - - Total funds Unrestricted 2024 funds £ £ 128 7 Total funds Unrestricted 2024 funds £ £ - 1,401 - - 1,401 |
Total funds 2023 £ 39,207 - - 39,207 Total funds 2023 £ - Total funds 2024 £ 7 Total funds 2024 £ 1,401 - 1,401 |
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Manavata Notes to the Financial Statements &conrlnued Year ended 31 March 2024
8 Expenditure on charitable activities by activity type
| Activities undertaken directly £ Healthy living project - Donations to other charities Governance costs - 9 Analysis of support costs Insurance Independent examination fee 10 Donations to other charities Grants to institutions Vishwa Manavata Samastha, for Orphanages Help Needy MAHE & Education Rural health centres, awareness and camping Vishwa Manavata Samastha, Organic Farming Yogashala Meditation Hall @ UFH Humanity setup & Administration Goshala @ UFH Total grants |
Grant funding activities £ - - Analysis of support costs activities £ - - 0 |
Support cost £ - - |
Total Funds 2024 £ - - 121 121 Total Funds 2024 £ 96 - 96 2024 £ 23,500 7,256 3,375 34,131 34,131 |
Total Funds 2023 £ - 132 132 Total Funds 2023 £ - - 0 2023 £ 23,000 10,000 10,000 2,000 1,000 1,000 1,000 2,000 50,000 50,000 |
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Manavata Notes to the Financial Statements (continued) Year ended 31 March 2024
11 Independent examination fees
| Independent examination fees | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the independent examiner for. | ||||
| Independent examination of the financial statements | - | - |
12 Staff costs
The average head count of employees during the year was Nil (2023: Nil). No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13 Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14 Debtors
| Prepayments and accrued income Creditors: amounts falling due within one year Trade creditors |
2024 £ - 2024 £ |
2023 £ - 2023 £ |
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15 Creditors: amounts falling due within one year
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Manavata Notes to the Detailed Statement of Financial Activities Year ended 31 March 2024
| 16 Analysis of charitable funds Unrestricted funds General funds 17 Analysis of net assets between funds Current assets Creditors less than 1 year Net assets |
At 1st April 2023 £ |
Income £ Unrestricted funds £ 34,150 - 34,150 |
Expenditure £ Total funds 2024 £ 34,150 - 34,150 |
At 31st March 2024 £ Total funds 2023 £ 13,788 - 13,788 |
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