2023-05-31-accounts - Om Saravanabhava Seva Trust

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			Page
Report ofthe Trustees (incorporating	strategic and	1	to	6
directors reports)
Report ofthe Independent Auditors		7	to	9
Statement ofFinancial Activities			10
Statement ofFinancial Position
Statement ofCash Flows			12
Notes to the Statement ofCash Flows			13
Notes to the Financial Statements		14	to	23
Detaged Statement ofFinancial Activities		24	to	25

				31.5.23	31.5.22
				Unrestricted	Total
				fund	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				2,073,321	1,159,872
Other trading activities				60,389	92,834
Investment income				1,972	88
Total				~2135682	~1252794
EXPENDITURE ON
Raising funds				54,792	36,364
Charitable activities
Projects (India)				276,700	287,966
Barnet Community Centre Project					331,574
Elderly Home Project (India)				166,000
Projects (Sri Lanka)				6,989	33,708
Centre Overhead Expenditure				96,609	53,791
Charitable Activities (UK)				16,487	14,348
Building Maintenance	&Running	Cost		158,558	87,517
Finance Charges				3,084	2,256
Legal and professional	cost			27,400	1,240
Travel Expenses				46,179	27,627
Motor Expenses				709
Total				853,507	876,391
NET INCOME				1,282,175	376,403
RECONCILIATION	OF FUNDS
Total funds brought forward				830,420	454,017
TOTAL FUNDS CARRIED FORWARD				2 112,595	830420

		31.5.23	31.5.22
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets	12	1,994,425	7,211
CURRENT ASSETS
Stocks	13	3,120	3,120
Debtors	14	6,000
Cash at bank and in hand		195,464	~871383
		204,584	874,503
CREDITORS
Amounts falling due within one year	15	(55,666)	(10,800)
NKT CURRENT ASSETS		148,918	863,703
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,143,343	870,914
CREDITORS
Amounts falling due after more than one year	16	(30,748)	(40,494)
NET ASSETS		~2112595	830420
FUNDS	18
Unrestricted funds:
General fund		2,112,595	830,420
TOTAL FUNDS		2,112,595	~830 420

			31.5.23	31.5.22
		Notes
Cash flows from operating	activities
Cash generated fium operations			1,332,1 10	387,062
Interest paid			(902)	(1,143)
Net cash pmvided by operating activities			1,331,208	385,919
Cash flows from investing	activities
Purchase oftangible fixed assets			(1,999,353)
Interest received			1,972	88
Net cash (used in)/provided	by investing	activities	(1,997,381)
Cash flows from fmancing	activities
Loan repayments in year			(9,746)	(9,506)
Net cash used in financing	activities		(9,746)	~9,506)
Change in cash and cash	equivalents	in
the reporting period			(675,919)	376,501
Cash and cash equivalents	at the
beginning ofthe reporting	period		871,383	494,882
Cash and cash equivalents	at tbe end	of
the reporting period			~195464	871,383

RECONCILIATION	RECONCILIATION	OFNET INCOME TONET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
			31.5.23	31.5.22
Net income for the	reportiag period (as per the Statement ofFinancial
Activities)			1)282,175	376,403
Adjustments for:
Depreciation charges			12,139	1,803
Interest received			(1,972)	(88)
Interest paid			902	1&143
Increase in debtors			(6,000)
Increase in creditors			44,866	7,801
Net cash provided	by	operations	1,332,110	387,062

ANALYSIS OF CHANGES IN NET FUNDS
	At 1/6/22	Cash flow	At 31/5/23
			f,
Net cash
Cash at bank and in hand	871,383	~675,919)	195,464
	871,383	~675,919	195,464
Debt
Debts falling due afler 1year	40,494	9,746	30,748
	40,494	9,746	30,748
Total	830,889	666 173	164716

	DONATIONS AND LEGACIES
		31.5.23	31.5.22
	Donations	1,961,210	1,152,721
	Money BoxCollection Other Income	106,037 ~6074	7,151
		2,073,321	1,159,872
3.	OTHER TRADING ACTIVITIES
		31.5.23	31.5.22
	Just giving charitable project	60,389	92,834
4.	INVESTMENT INCOME
		31.5.23	31.5.22
			8
	Bank Interest Received	1,972	88

						31.5.23	31.5.22
	Donation and Gilt					54,792	36,364
6.	CHARITABLE ACTIVITIES COSTS
					Grant
					funding of
					activities	Support
					(seenote	costs (see
					7)	note 8)	Totals
	Projects podia)				276,700		276,700
	Elderly Home Project (India)				166,000		166,000
	Projects (Sri Lanka)				6,989		6,989
	Cenue Overhead Expenditure					96,609	96,609
	Charitable Activities	(UK)			16,487		16,487
	Building Maintenance		&Running	Cost		158,558	158,558
	Finance Charges					3,084	3,084
	Legal and professional		cost			27,400	27,400
	Travel Expenses					46,179	46,179
	Motor Expenses					709	709
					466,176	332,539	798,715
7.	GRANTS PAYABLE
						31.5.23	31.5.22
	Projects podia)					276,700	287,966
	Barnet Community	Centre Project					331,574
	Elderly Horne Project (India)					166,000
	Projects (Sri Lanka)					6,989	33,708
	Charitable Activities	(UK)				16,487	14,348
						466,176	667,596

SUPPORT COSTS
							Governance
			Management		Finance	Other	costs	Totals
Centre Overhead
Expenditure				59,083		28,526	9,000	96,609
Building Maintenance	dr
Running Cost				94,680		63,878		158,558
Finance Charges					3,084			3,084
Legal and professional		cost				27,400		27,400
Travel Expenses						46,179		46,179
Motor Expenses						709		709
				153,763	3,084	166,692	9,000	332,539
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is	stated	after charging/(crediting):
							31.5.23	31.5.22
Auditors' remuneration							9,000	8,400
Depreciation - owned	assets						12,139	1,803

COMPARATIVES FOR THE STATEMENT OFFINANCIAL AC	TIVITIES
	Unrestricted
	fund
INCOME AND ENDOWMENTS FROM
Donations and legacies	1,159,872
Other trading activities	92,834
Investment income	88
Total	1,252,794
EXPENDITURE ON
Raising funds	36,364
Charitable activities
Projects (india)	287,966
Barnet Conununity Centre Project	331,574
Projects (Sri Lanka)	33,708
Centre Overhead Expenditure	53,791

COMPARATIVES		FORTHE S	TATEMENT OF FINANCIAL AC	TIVITIES - continued
				Unrestricted
				fund
Charitable Activities		(UK)		14,348
Building Maintenance		&Running	Cost	87)517
Finance Charges				2,256
Legal and professional Travel Expenses		cost		1,240 ~27 627
Total				876,391
NET INCOME				376,403
RECONCILIATION		OFFUNDS
Total funds brought	forward			454,017
TOTAL FUNDS CARRIED FORWARD				830,420

TANGIBLE FIXEDASSE	TS
			Fixtures
	Freehold	Jewellery	and	Motor
	property	&Valuables	fittings	vehicles	Totals
	8
COST
At 1 June 2022				14,084	14,084
Additions	1,978,345	14,008	7,000		1,999,353
At 31May 2023	1,978,345	14,008	7,000	14,084	2,013,437
DEPRECIATION
At 1 June 2022 Charge for year	10,580		117	6,873 1,442	6,873 ~12139
At31 May 2023	10,580		117	8,315	19,012
NET BOOKVALUE At 31May 2023	1,967,765	~14 008	~6883	~5769	1,994,425
At 31May 2022				7211	7211

13.	STOCKS
					31.5.23	31.5.22
					8
	Stocks				3,120	3,120
14.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.5.23	31.5.22
					8
	Other debtors				6,000
15.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.5.23	31.5.22
	Other creditors				34,666
	Accrued expenses				21,000	10,800
					55,666	10,800
16.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN			ONE	YEAR
					31.5.23	31.5.22
					f.
	Bank loans (see note 17)				30,748	40,494
17.	LOANS
	An analysis ofthe maturity ofloans is given below:
					31.5.23	31.5.22
	Amounts falling between one snd two years:
	Bank loans -	1-2years			30,748	40,494
18.	MOVEMENT IN FUNDS
					Net
					movement	At
			At	1/6/22	in funds	31/5/23
				I
	Unrestricted	funds
	General fund		830,420		1,282,175	2,112,595
	TOTAL FUNDS		830,420		~1282 175	2,112,595

		Incoming	Resources	Movement
		resources	expended	in funds
		8		g
Unrestricted	funds
General fund		2,135,682	(853,507)	1,282,175
TOTAL FUNDS

Comparatives	for movement in funds
			Net
			movement	At
		At 1/6/21	in funds	31/5/22
		f,
Unrestricted	funds
General fund		454,017	376,403	830,420
TOTAL FUNDS		454,017	376,403	830420

		Incotning	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		1,252,794	(876,391)	376,403
TOTALFUNDS		~1252794	~876,391)	376,403

			Net
			movement	At
		At 1/6/21	in funds	31/5/23
Unrestricted	funds
General fund		454,017	1,658,578	2,112,595
TOTAL FUNDS		454,017	1,658,578	2,112595

			Incoming	Resources	Movement
			resources	expended	in funds
			k
	Unrestricted	funds
	General fund		3,388,476	(1,729,898)	1,658,578
	TOTAL FUNDS		3,388,476	~1729,898)	1,658,578
19.	RELATED	PARTY DISCLOSURES

		31.5.23	31.5.22
INCOME AND ENDOWMENTS
Donations and legacies
Donations		1,961,210	1,152,721
Money BoxCollection		106,037	7,151
Other Incoine		6,074
		2,073,321	1,159,872
Other trading activities
Just giving charitable project		60,389	92,834
Investment income
Bank Interest Received		1,972	88
Total incoming resources		2,135,682	1,252,794
EXPENDITURE
Raising donations	and legacies
Donation and Gifi		54,792	36,364
Charitable activities
Grants to institutions		466,176	667,596
Support costs
Management
Rates and water		3,641	6,650
Insurance		949	716
Light and heat		45,225	15,685
Telephone		1,836	1,840
Postage and stationery		2,153
Advertising		8,629	36,308
General Expenses		33377	11,951
Rent		45,814	38,700
Freehold property		10,580
Fixtures and fittings		117
Motor vehicles		1,442	1,803
		153,763	113,653
Finance
Bank charges		2,182	1,113
Bank loan interest		902	1,143
		3,084	2,256

		31.5.23	31.5.22
Finance
Other
Repairs kMaintenance		82,050	29,298
Motor &Travel		46,888	15,677
Computer Cost		2,721	1,907
Legal and professional	cost	27,400	1,240
StaffWelfare		7,633
		166,692	48,122
Governance costs
Auditors' remuneration		9,000	8,400
Total resources expended		853,507	876,391
Net income		1,282,175	376,403