2021-05-31-accounts - Om Saravanabhava Seva Trust

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			Pages
Trustees' Annual Report
Independent Examiner's	Report
Statement of Financial Activities
Summary Income and Expenditure		Account
Balance Sheet
Statement ofCash flows
Notes to the Accounts
Detailed Statement of Financial Activities			8to 12

for the year ended	31May 2	021
			Unrestricted
			funds	Total funds	Total funds
			2021	2021	2020
		Notes	E	E	E
Income and endowments
from:
Donations and legacies			963,780	963,780	425,879
Other income			77,140	77,140	21,833
Other			10,023	10,023	10,029
Total			1,050,943	1,050,943	457,741
Expenditure on:
Raising funds			34,672	34,672	32,158
Charitable activities			585,637	585,637	280,182
Other			61,878	61,878	129,700
Total			682,187	682,187	442,040
Net gains on investments
Net income		10	368,756	368,756	15,701
Transfers between	funds
Net income before	other
gains/(losses)			368,756	368,756	15,701
Other gains and losses
Net movement in funds			368,756	368,756	15,701
Reconciliation offunds:
Total funds brought	forward		85,260	85,260	69,559
Total funds carried	forward		454,016	454,016	85,260

			2021	2020
			E	E
Income			1,050,943	435,908
Interest and	investment	income		21,833
Gross income forthe year			1,050,943	457,741
Expenditure			679,934	439,223
Depreciation	and charges	for
impairment	offixed assets		2,253	2,817
Total expenditure for the year			682,187	442,040
Net income	before tax for the year		368,756	15,701
Net income	forthe year		368,756	15,701

OM Saravanabhava Seva Trust Balance Sheet at 31May 2021	OM Saravanabhava Seva Trust Balance Sheet at 31May 2021
Company No. 07629043		Notes	2021	2020
			6	6
Fixed assets
Tangible assets		12	9,014	11,267
			9,014	11,267
Current assets
Stocks		13	3,120	3,120
Cash at bank and	in hand		494,882	134,073
			498,002	137,193
Creditors: Amount falling due within one year		14	(3,000)	(13,200)
Net current assets			495,002	123,993
Total assets less current liabilities			504,016	135,260
Creditors: Amounts	falling due after more than one year	15	(50,000)	(50,000)
Net assets excluding	pension asset or liability		454,016	85,260
Total net assets			454,016	85,260
The funds ofthe charity
Restricted funds		16
Unrestricted funds		16
General funds			454,016	85,260
			454,016	85,260
Reserves		16
Totalfunds			454,016	85,260

			2021	2020
			6	6
Cash flows from operating	activities
Net income per Statement	of Financial Activities		368,756	15,701
Adjustments for:
Depreciation of property, plant and equipment			2,253	2,817
Other income			(10,023)	(31,862)
Decrease in stocks				328
(Decrease)/increase in trade and other		payables	(10,200)	12,000
Net cash provided by/(used	in) operating	activities	350,786	(1,016)
Cash flows from investing	activities
Dividends, interest and	rents from investments		10,023	31,862
Net cash from investing activities			10,023	17,778
Net cash from financing activities				50,000
Net increase in cash and cash equivalents			360,809	66,762
Cash and cash equivalents	at the beginning	ofthe year	134,073	67,311
Cash and cash equivalents	at the end ofthe year		494,882	134,073
Components ofcash and cash equivalents
Cash and bank balances			494,882	134,073
			494,882	134,073

Expenditure	Expenditure
Recognition		of	Expenditure is recognised on an accruals basis. Expenditure includes			any VAT
expenditure			which cannot be fully recovered, and	is reported as	part ofthe expenditure to
			which it relates.
Expenditure		on	These comprise the costs associated with attracting		voluntary income, fundraising
raising funds			trading costs and investment management costs.
Expenditure		on	These comprise the costs incurred by	the Charity in	the delivery ofits	activities
charitable	activities		and services in the furtherance of its	objects, including the making of		grants and
			governance costs.
Grants payable			All grant expenditure is accounted for on an actual paid basis plus an			accrual for
			grants that have been approved by the trustees at the end of the year but not yet
			paid.
Governance		costs	These include those costs associated	with meeting the constitutional		and
			statutory requirements ofthe Charity,	including any	audit/independent
			examination fees, costs linked to the	strategic management ofthe Charity,
			together with a share ofother administration costs.
Other expenditure			These are support costs not allocated	to a particular	activity.

3	Statement ofFinancial	Activities - prior year
				Unrestricted
				funds	Total funds
				2020	2020
Income and endowments		from:
	Donations and legacies			425,879	425,879
	Other Income			21,833	21,833
	Other			10,029	10,029
Total				457,741	457,741
Expenditure on:
	Raising funds			32,158	32,158
	Charitable activities			280,182	280,182
	Other			129,700	129,700
Total				442,040	442,040
Net	income			15,701	15,701
Net	income before other
gains/(losses)				15,701	15,701
Other gains and losses:
Net	movement in funds			15,701	15,701
Reconciliation offunds:
Total funds brought forward				69,559	69,559
Total funds carried forward				85,260	85,260
4	Income from donations	and legacies
			Unrestricted	Total	Total
				2021	2020
	Donation and Gift		955,190	955,190	420,020
	Money BoxCollection		8,590	8,590	5,356
	Donation for Souvenirs				503
			963,780	963,780	425,879

5	Income from othe	r	trading	activities
					Unrestricted	Total	Total
						2021	2020
	Just giving —community centre						21,833
	just giving charitable		project		77,140	77,140
					77,140	77,140	21,833
6	Other income
					Unrestricted	Total	Total
						2021	2020
	Bank Interest				23	23	29
	Council Grant				10,000	10,000	10,000
					10,023	10,023	10,029
7	Expenditure on raising funds
					Unrestricted	Total	Total
						2021	2020
	Costs ofgenerating
	voluntary income
	Donation and Gift				34,672	34,672	32,158
					34,672	34,672	32,158
8	Expenditure on charitable			activities
					Unrestricted	Total	Total
						2021	2020
	Expenditure on charitable
	activities
	School Projects (India)						70,558
	Barnet Communicty Project		Centre		144,362	144,362	97,859
	Elderly Home Project		(India)		48,350	48,350	111,765
	Projects (Sri Lanka)				2,050	2,050
	Covid —19relief				374,160	374,160
	charitable activities	(UK)			16,715	16,715
					585,637	585,637	280,182

9	Other expenditure
					Unrestricted	Total	Total
						2021	2020
	Motor and travel costs				15,985	15,985	42,818
	Premises costs				33,408	33,408	42,647
	Amortisation, depreciation,
	impairment, profit/loss		on		2,253	2,253	2,817
	disposal offixed assets
	Generaladministrative		costs		8,117	8,117	40,178
	Legaland professional		costs		2,115	2,115	1,240
					61,878	61,878	129,700
10	Net income before transfers
					2021		2020
	This is stated after	charging:			f		6
	Depreciation ofowned		fixed assets		2,253		2,817
11	Staff costs
	No employee received		emoluments	in excess off60,000.
12	Tangible fixed assets
						Motor
							Total
						Vehicle
	Cost or revaluation
	At 1June 2020					14,084	14,084
	At 31May 2021					14,084	14,084
	Depreciation and
	impairment
	At 1June 2020					2,817	2,817
	Depreciation charge for the					2,253	2,253
	year
	At 31May 2021					5,070	5,070
	Net book values
	At31May 2021					9,014	9,014
	At 31May 2020					11,267	11,267
13	Stocks
					2021		2020
					6		f
	Finished goods				3,120		3,120
					3,120		3,120
	Carrying value analysed		by activities		2021		2020
					6		f
	Barnet Communicty	Centre Project			3,120		3,120
					3,120		3,120

amounts	falling due within one	falling due within one	year
					2021		2020
							f
Other creditors					3,000		13,200
					3,000		13,200
15 Creditors:
amounts	falling due after more		than one
year
					2021		2020
					6
Bank loans		and overdrafts			50,000		50,000
					50,000		50,000
16 Movement		in funds
					Incoming
					resources
					(including	Resources	At 31May
					other	expended	2021
				At 1June	gains/losses
				2020	)
					6
Restricted	funds:
Unrestricted		funds:
General funds				85,260	1,050,943	(682,187)	454,016
Revaluation		Reserves:
Total funds				85,260	1,050,943	(682,187)	454,016
17 Analysis of		net assets between	funds
						Unrestricted
							Total
						funds
						6	E
Fixed assets						9,014	9,014
Net current		assets				495,002	495,002
Creditors due in more than one provisions			year and			(50,000)	(50,000)
						454,016	454,016

		At 1June		At 31May
		2020	Cash flows	2021
		f	f	f
	Cash and cash equivalents	134,073	360,809	494,882
		134,073	360,809	494,882
	8ank loans	(50,000)		(50,000)
		(50,000)		(50,000)
	Net debt	84,073	360,809	444,882
19	Related party disclosures
	Controlling party

				Unrestricted
				funds	Total funds	Total funds
				2021	2021	2020
Income and endowments		from:
Donations and legacies
Donation and Gift				955,190	955,190	420,020
Money BoxCollection				8,590	8,590	5,356
Donation for Souvenirs						503
				963,780	963,780	425,879
Other income
Just giving —community		centre				21,833
just giving charitable project				77,140	77,140
				77,140	77,140	21,833
Other
Bank Interest				23	23	29
Council Grant				10,000	10,000	10,000
				10,023	10,023	10,029
Total income and endowments				1,050,943	1,050,943	457,741
Expenditure on:
Costs ofgenerating	donations		and
legacies
Donation and Gift				34,672	34,672	32,158
				34,672	34,672	32,158
Total ofexpenditure funds	on raising			34,672	34,672	32,158
Charitable activities
School Projects (India)						70,558
Barnet Communicty	Centre Project			144,362	144,362	97,859
Elderly Home Project (India)				48,350	48,350	111,765
Projects (Sri Lanka)				2,050	2,050
Covid - 19relief				374,160	374,160
				568,922	568,922	280,182
Other charitable activities
charitable activities	(UK)			16,715	16,715
				16,715	16,715
Total ofexpenditure activities	on charitable			585,637	585,637	280,182
Motor and travel costs
Vehicles - General	costs			2,424	2,424
Vehicles - Insurance and		licences		921	921	928
Travel and subsistence				12,640	12,640	41,890
				15,985	15,985	42,818

OM Saravanabhava Seva Trust	OM Saravanabhava Seva Trust
Detailed Statement of Financial Activities
Premises costs
Rent		9,000	9,000	29,440
Rates		1,462	1,462	3,837
Light, heat and power		18,214	18,214	3,670
Water		405	405	488
Other premises costs		4,327	4,327	5,212
		33,408	33,408	42,647
General administrative	costs,
including depreciation	and
amortisation
Depreciation ofMotor Vehicle		2,253	2,253	2,817
Bank charges		461	461	420
Equipment expensed				1,200
Equipment leasing and hire charges				2,354
General insurances		674	674	671
Postage and couriers				5,181
Software, ITsupport and related costs				11,785
Advertisement		4,957	4,957	16,781
Justgiving -charges		475	475	216
Telephone, fax and broadband		1,550	1,550	1,570
		10,370	10,370	42,995
Legal and professional	costs
Accountancy and bookkeeping		1,200	1,200	1,200
Other legal and professional		915	915	40
costs
		2,115	2,115	1,240
Total ofexpenditure of	other costs	61,878	61,878	129,700
Total expenditure		682,187	682,187	442,040
Net gains on investments
Net income		368,756	368,756	15,701
Net income before other gains/(losses)		368,756	368,756	15,701
Other Gains
Net movement in funds		368,756	368,756	15,701
Reconciliation offunds:
Total funds brought forward		85,260	85,260	69,559
Total funds carried forward		454,016	454,016	85,260