||||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|