REGISTERED COMPANY NUMBER: 07629Q43 *nd WAles) REGISTERED CHAIUTY NUMBER: 1142610 Rtyort Of theTrnilee4 *Rd Flxanti*l Stst¢me4ts (or the Ye*r Endtd 31 May 2024 for Orn SAr•vaD*bhaM Sev* TTU {A Co)wDy Limltod by Gu*r#Dtee) BBK P￿￿1p & Ststtltory Auditth¥ l B¢auchamp Court 10 Vi¢tOf5 W EN5 5TZ Om SaT•vanfflbh*va Sev* Tnut ConteDts of the St•tements for tk¢ Yur End*J 31 M*y 2024 P•ge Rtport ofthe T￿￿tee9 (llltorptsnthig rfr•¢* and dir¢rtors repo￿} Report of the l•dqJe•den¢ ststemeHI of FID*nelAI AetMdt4 10 St#temenl olFlll••tl*l Pothlo St*teffj¢Trl of C*th TrIoT 12 Note8 to tht Sts¢•eDI orC￿h Flo 13 Nole4 to the FIMndal StstemeAts 14 to 23 Dthlled StatemeDI of Fln•nd*l Artlvh 24 ty 25 Omb S*rav*￿bb1V1 Seva T￿￿1 Re￿rt of the Trustees (lncoryffjrato￿ Ind dir¢¢tors reports) for tht Ve*r Ended 31 M•y 2•24 The Trustees pres¢ni their rewrt and tk at¥JitrAJ financial statements of the charity for the Ye￿ ended 31 May 2024. The trusttts have adopia the pn)visions of the Sthtcment of RrAommeTwJed Practi¢e {SORPI 'AeKounting and Rwrting by Chariti¢s- in preparin8 the report 8Dd financial sthm¢nts ofthe clwity. Th¢ financial ststements ￿ve b¢¢￿ rKepfyrtd in *cordarKe with the *ti)untin8 pli¢ie5 8¢t in notes tr) the ￿C4)Y￿S nd ￿mplY with the charity8 govffning d￿U￿¢￿E the Chan"ties Aet 2011 aDd A¢couniirt8 Reporttng by Choriiies.. Staomeni of Recommended Praaice applicabl¢ to ch¥rtiies preparin8 th¢ir ac¢ounts in xe1)Td￿￿ with the FinAn¢ial ReFK)rting Sthndard appIl￿ble in the UK and Republic of Irela￿1 publislxd in (ktober 2019. owEcrivES AND AcnviTILS Objeetlves and •irns Th¢ Charity'$ obj￿t5 are Sp￿IficallY restrided ¢0 the following: l. To promo* the education for tl* public benefrt of people the 88e of 25 ycats in South Ea￿ Asia includin8 South India and Sri 14nk 2. To r¢lieve finat)c1￿ hard5hip4 either generntly or iNiividuaily for d* wple livin8 in South Elsi Asia irKludin8 Souih India and Sri Lank4' 3. To relieve Jicknes$ P￿erVe the he￿th of people living in South Fast Asia incl￿1￿& South India and Sri L8nk4' 4. To proJTh)te tdu¢aiional and reli8ifYJS activities gknbally includin8 UK and Europe. To fityther its ObJ￿ty the Charity may: . Or8ani5c events and ￿ &Trthge activiti￿ to rnis¢ fimds for w8res8 I pro1w1￿)n of the COMM￿lty ¢¢ntr¢ and objective$ of the TrusL . Esthblish Reli8ious and Educational Inslitutions forth¢ benefits of the Comrnunity: . Raise funds invite and receive ￿ntr1￿j1•0nS frorn person or pttsons by way of subs¢ripiions and otherwi6¢ providtyj thai the Trust shall not undertake tr￿1￿8 activTties in raising for the said objects. and . Inv¢st the monic5 of the Tnui imm¢diat¢ly required for the ￿ld obJ￿tIVeS in or $wh inv¢sthiettt, securiti¢5 or pn)pety ws rnay be thought fi4 wbjed nevertheless condiii(ths (if atty) for the tirne bein8 bt inwsed r required by l#w. Publlc beneflt ID setting oui the obj¢¢tiv¢s and planning the aclivitie4 the trth5 ￿¥¢ givert c4rEful eon$id¢ration to wmplyin8 with the duty in Stt¢ion 17 of the ahtrities Aa 2011 ￿ hav¢ rewd to the pthlie l*D¢fft 8uidwKe published by the Charity commi￿lon. The Chwity has also a¢hi¢ved the P￿bIle benefit obirftives by rn¢din8 the spiritud requirements of the congregation. This w&s a¢hieved by IK>ldin8 the daily Fwja5. arti discourses. All key ft#1*￿1 WMI religir￿S dAtes tre obmed ond celebr4kd by th¢ d¢votees. Volynteen The Charily de￿d5 heavily up)n th¢ ¢ODtinui08 siippJri of devottes for its swxss. The effotts and dedi¢ation of th¢ volunteers is integral kn the prOs￿rity of the Charity. We also thank ￿] volunkers for the hard during the year, particul#rly those working within the arw of buildin8 atxf f&¢ilitkts rn2na8emenL v•riow ¢du¢*tional cleanin or8&nised special ¢v¢nty de¢orttioffj, and b￿k office support and othEr r¢ligious activiti¢5 and pray that they ¢ontinue to serve in ihe fvtyre. It is difficul¢ to quwrtify th¢ nunther of volutsy served by the devote¢5. for which we remain indebigd. STK4TEGIC REPORT Aehievemen¢$ perfonnanet Ch*rit*bl¢ ictivitie The ThiMee5 ar¢ pl¢a*J ts re￿ Im this year io whith the Cfvrity fulfill¢d its objectiYe5. All fimds rtceived during the year have been spplied in meeting Ik Charity's Ch￿]fab]e objKtives. Any surplus¢s arisin8 from donations And otheT incorne hekl forthe ben¢fft of the C￿￿￿$ Opt￿tiOnS. Om SArnV#mbha￿ Sevx Tn¥t Rep)rt of lh¢ Tnmlea {IneoryMbrnting JiY•tegle diveetou rep)rtJ) for th¢ Yur E￿ded 31 May 2024 srL4TEGIC REPORT Aehievemtnts ind perfonllknee FundrnisiD8 *Ctivi¢les The Charity depends heavily uiw)n th¢ wrtinuin8 $UPPOrt of devirtees. We *lso all vol￿¢¢¢¥5 for their hgrd ￿￿rk during the year. particularly tIMxe w0￿1n8 within the are￿ of Prath&l preparations various ￿￿eational ¥tivities, car PaTk duties cle4nin& organrsed sp￿181 ev¢nW d¢￿￿l￿n4 and other reli8iOU5 ¥tivitie$ and prny that they conlinue serye the Ttust in the fvture. Fln*ntial r¢vl•v Fln*nci•l ￿1110￿ The Sthternent of FinarKial Aaivities (SOFA) shows in¢(¥ne and expthlitw¢ for the year. The SOFA alxl shows thE financiBI xtivity octhe ChBrity'. At 31 May 2024. the Chtrrty Ix*J nei assets of£2,017.948 (2023 - £2.112595 Ineom¢ Tot41 inwme of £560.560 decre4*1 from ihe pmious year by £1575,022. Inv•tment pollty •nd •bJectlve8 Thc Trustees, inv¢stm¢M FxhverB allow the Trustee5 to inve4t swplus fvnds to ￿¢T11¢ income whi¢h to fund future aetivities. The Trus¢¢es' investment ￿l1¢y is to aim for tsfety. commensur8tc with imm¢di4* attd plarnKd spending r¢quirements and given the current u￿ertaInli¢S in the finarKial markets, the Tr￿e$ wnsider it wropnatr tr) be holdin8 funds in dtrA)sit ￿￿￿nts wh¢r¢ thcy tKhieve a r¢¢unL Regerve5 pollry Th¢ increase in unr¢striaed reseples tots]ing w £2.017,948 (2023 - £2.111595). tndiutC5 ¢hit there ort no makria] risks tr> ihe Trn5t's ability to opernte a$ 4 going wrKern. A$ • resulL the accounts have been prtpw¢d on a going coJKern b48ig. The TTUStees hwe Confi￿ed thaL Afttr etreful review of the re5uv¢$ policy. the ￿￿$1 appropriat¢ me&surc of re5erveg for the Charity is by reference to th¢ Charity's liquidity position. As th 31 May 2024, in considerin8 the adequacy ofthe rves, the Trus*ts have 8 reasonable exp¢dalion the Chtirity h95 adequate resour¢¢$ to continue in operation41 tXj5ten¢e for ihe foreseeabl¢ fithjre. For this re4SON ￿ve c4)minued the c*)ncem b4si5 concepl in pr¢parin8 ihe statements. The TTUStees ￿nSIder the key of sustointibTlity for the Ch8rity to bt ¢umf and ￿tUre liquidity cover, rather than th¢ surplus or defi¢it A¢¢ounting position. A5 8 consequcncc, thc TTUSt¢es hv¢ set appropri4t¢ reseThc5 policies Ihting to Ii9ULdity based on thr rrlationship readily reaiisable assets. on%oin8 l¢vel of dolwtions re¢eiv¢d. and the cash reqU1￿m¢nI$ 8S50ciated with sustainin8 th¢ Charitys opeNions for ayear. In est•bli$hinR this rM)licy, the Bovd of Tn￿tee5 LxMduc45 an ￿kDUal review of the level of wir¢strieteAI resery¢s in the general fund by considering risks as￿￿181¢4 wilh the various incom¢ streams, expenditure pl￿$ And b￿￿￿¢¢ sheet it¢ms. This enables an estimat¢ to be made of the level of reserves that #re suffJ¢ient: - tr> dlow (ime for remanisition in th¢ event of a in i￿0￿¢ or asset valy¢5' to protect Ongoing charitable projecw and . to allow the Charity 10 rtjeet its obiedives. Page 2 Om Sxr•van*lJb*v* Seva Trm Re￿rt of the Trnstees Trysleu (ltyeorptsmtlng thtegb¢ •ttd direrton rtp)rts) for th¢ Yur Ended 31 MAY 2024 STRATEGIC REPORT Finanehl revlew Risks and issues considered by the Board of TnL5¢tt5 in makin8 this j*meM on the level of unthcted ru¢rv¢5 include.. . likelih￿d of a do*iLturn in income stre8m&' - year of ¢im¢ requirtd to Te*Stablish i￿)Me slre . yetr of time required ￿ dowrL4ize the Charity oper*Ths' ￿ethe1th¥¢ is ￿1¢9￿¢¢ control Overb￿1￿ aThJ . requiremen¢$ for 8 T￿Onable level of workin8 ¢apithl. The Ttwte¢8 are of the view with minimum annual ineomt of £500,000. mAintAining cash reseTves of at le&8t £50.000 will provide $uffKi¢nt r¢souTttS in the everf of kn wnditions. The Trustees have also &45e5s¢d other operalional aThJ busir*s8 riyk5 wbich tlKy fac¢ and ￿￿firnI that have estsblish>J systems to rni¢i88t¢ th¢ significant risks. In the evem of the Charity facing diffi¢uh fin￿tIll Cir￿￿￿51anC¢4 this would allow il lo wntinue opernions durin8 a year of managed adju5tmeM w these C1￿￿M5￿. The Tn￿¢£¢$ rtvi¢w th¢ Clwity'5 reserves p)licy ann￿llY and are $￿ISfied with this level of cath regerves At the of 2024 and we confident that the ¢ash rtseTv¢5 4*711 continue ￿ increw in subgequenE years. Llwi And R¢gwl•tiows The trusiees reeo8ni$e their s¢attnOry obligation5 Under the Cnrnpgni¢s Aci 21J)6 and the Charities Ad 2011 to pr¢p&re and file annual fin8n¢iai statements wtthin the required de*llines. Due ty the Nvluntary nature of the trustee board and unforeseen prtssures on trustees, lime arising from persoD￿ gnd professional g)mmitments, the filing of these financial statements h¥s r¢8rett8bly been delayed bwnd the slaluw deadline. The trustees #ckl￿wI¢dgc the Imw)rtar￿ of tim¢ly complittnte with all legal and regUla￿ry requirements and hove tsken steps to ensure that such del8ys Ikb not ￿Ur. New In￿letS have been appoint*l to strensth¢n the b0￿d and to provide additional capaeity and oversig￿. EAh￿ted prr*edur¢s and ¢ontsol$ how¢ alw been implemented to better m￿48¢ statu￿ry reportin8 and governon¢e responsibilitie$ 80in8 forward. The trustees remoin wmmitted to upholdirt8 th¢ highest stondards of 8overnwJ¢¢ and regul￿Ory complianee. and will tttinuc to rewew and improv¢ tn1¢rn41 processes lo ett$￿Te ¢hartty meets ￿1 of its1¢8al obligaiions in e tirnely mann¢T. Rlsk m*nAg¢meTrt The Tr￿feeS hove ￿ infornwl risk mwmert straie8y *thich cg>mpris¢s: . Ongoing r¢vi¢w of the risks the Chariiy may (8¢e' - Esthblishment of $ysttms and pro¢edU￿S io mitigate those risk%. aThl - Implementation of prcrtedures dt5i8ned to minimise any ￿tential imw on the Chariry should thosc risk8 rnateriali5¢. The B0￿d of Trusiec5 15 ￿SPoIL51bj¢ for the management of the risks fac¢d by the Th￿. Considtr#tion of such risks is made on dn inforn￿l on80in8 bL8is a￿4 ¢ontyols to miti8ate risks ￿e r¢vi¢wed on an ongoing in(Onn￿ b￿1$. A review and assessmem of these ¢ontrols 1$ U￿leT￿ken on an annual basis. Through the abov< the Tn￿¢¢* are sAtisfied that major risks lderttifi￿ are sub9e4uertty rniti8ated where necessary. It is recognised thot syytcrns can only prnvid¢ r¢8xJnable but ab￿lu* assurnnce th* rnaior risks have been 4d¢quately m#na8ed. Th¢ activities of the Charity are deFKnd¢nt on its ability to raise fimds from don￿1cl)s. The key risk fr*r 2023 therefor¢ 1$ the Charity's ability ￿ se¢ure onBoing funding tt) suptKJrt the buildin8 of the community centre and templt. The Trustees co￿$1d￿ this risk to b¢ low as its donor$ 2r¢ diverse and very 5UPP)rtive. The tharitable eX￿ltur¢ 15 IBTgely dis¢r¢tiOD8ry and be r¢duc¢d ￿ mitigate a subthtial redLx*ion in in¢4)m Om SsrAV•D*ikn4 Sew* Tn*t Report of the T￿￿teeS This¢ees (iDrorporAting ￿￿¥￿81¢ direetors reports) for tbe Year Ended 31 May 2024 STRUCTUR￿ GOVERNANCE AND MANAGEME Governlng doe￿￿¢01 Th¢ rhaTity is controlled by its governing docu￿￿( a de•A of tru$4 wnstiipfju a limited ¢ompany. limit&J by 811ararttee, &8 defina by the Companies Act 2006. The or&￿iS&ll0￿ is a charitable company limited by gLMranlK incor￿rtrd on 10 May 2011. The CoM￿Y WAS established under a MeTty)r8ndum of Aw¢l4U￿ which estsblished the obJ￿ts and powers of ihe wmpany aDd is overned under its Artieles of As￿la$10n. In the event of cornpgny b¢in8 wowd up. tt*mbers #r¢ r¢4uired to C4)ntribu* an amount rM)t ¢x¢e¢ding £10. R¢cThitment Ind Appolntmemt of M•nAteJmnt Commltt•e The directors of the company are also tharÉty In]sle¢s for the PUTPJ5e of charity law and under the compAny's Articles members of the mana8em¢nl committe¢. Under the requtrem¢nts of newly adopicd MeMo￿￿m and Articles of Aysocialion, new dirrtir5 of the Managem￿( Committee can only be nominated by the incumbent direclor5 by way of a sp¢¢iai resoluiion r4uirin8 a majority of th8n 75%. Exh director 1$ exrKtted to s¢rve a period of no less than on¢ year for thE date of ap￿intment and could be eligibl¢ for Te￿)￿11ntMcTht via a yiwl r¢501ution. Exh member of the MBnag¢menl ￿MMttiCc is from a differryrt pmf¢ssIon￿ bxkyound and skills rtyuired for &n￿0th and efficienl strategic and operntiorllt pl•nning. OrynlsAtloMI #trn¢¢ur• Thc TTU8t is a wmpany limite41 by 8uar*e. None of the Try￿¢5 had awj beneficial iiiitt¢st in the cornpany durin8 the yev. The Tntst is a Registered Charity under ih¢ Laws of England and Wale4 which 1$ ovetseen by th¢ Chty Commission. The Tru51¢es are resJy)nsible for the activities of th¢ Tru￿ Ind the day io day manwent. Th¢r¢ are c¥Jrrrntly folr rnembers exh givin8 a gyrnie¢ *) Contn￿￿e a swn, ¢xceedin8 £10. to the eompAny sljould it be wvund up. The 8overnitsg documcnf is the Articles of Asso¢iatio Tru8tee Indu¢tlon *nd Tr*lttln8 Most tnLSte¢s are already familiar with the prneticaj work of the chltity hthvin8 I￿n volunieer¢d for thc chwrity for th¢ 1&8t 10 years. Additionally, new migttts have an induction medin8 with CthaiM￿n, Vice Chairnwi & the Treasurer before havin8 a forn￿] meeiing wilh re8iSt¢r¢d Manager and hi￿￿er which 1$ alm￿ to familiari5¢ them with d&y day operations lac11￿1 & stratC8ic plannin& The trus*e5 •r¢ ffKoura8ed w attethd seminar5 and trainin8 OPP01￿]tieA on governance. The tn￿¢¢¢5 are const#n¢ly lookin8 for professtonal persons to join the Bc4rd particularly with know]ed8e exp¢rtis¢ in Health And So¢i41 ¢aTe, Human Rtsources Fin￿)e]8] m8n4g¢meni. Rlik m•MEement The Managemerti Comrnitt¢e has conductEd 4 Teview of th¢ rnajoT risks to which th¢ ¢harity 15 exposed. A ftsk System ha5 been established is updatrd #t Ica5t annualty. wh¢￿ appropriate, syst¢rn5 or Pr￿￿ul¢S have been esthblished to miti8at¢ the risks the charity faces. Si8nific4nt externa] ri5k5 to funding have led to the devewent of a strategic plan which wll allow for the divetsi6caiion of futtdiD8 and wivitics. Internal control risks minimised by the implementsti(¥n of procedu￿ for wrtl¥)risation of all tratt5a¢tiows and wojttts. During emded 31 May 2024. the ChBrity maithairKd robust govttnence w0¢edu￿S and Continued to stren8then its risk mawement frwnework in line with the Charity Commission's ￿vernO￿tt code. The Board of Tru$te¢s c4nduded TeBular reviews of tntstee suitsbility and maintained 8PPft)priHt¢ oversi8htof ¢haTtthble xtivtties. Om S*ravaD*lthawa Sev* TT•5t Report of the Trustees Trnstees (iMtOTPOnting rtr•ty *JKI dirtttorB repo￿) for the Ye4r Ended 31 May 2024 fRIJCTURE, GOVERNANCE AND MANAGEMLYT Subsequent to the year end tn ApTiI 2025. a fomier tyuAe¢ was convicted of serious uiminal offenees in the UK eourts. The ir]dividLtal wa5 suspended from tnJste¢ship duties in June 2023 at the start of Crimin￿ pn)ceeding5. followed by r¢Sign￿l0￿ post-¢Ortvietion on 7 Apr 2025. The c%)nvictim related to matters ￿li1¢1y ￿￿)￿n￿ted io their rok as 8 trustee or atty charitable a¢tivili¢s of the TntsL Upon b¢coming aware of the Convidio￿ the In￿e¢S irnmediately reviewed oll govcmJn¢c proceduTe$ and confirnied that appropriate ￿fegUardIng processes had been followed durin8 the individual's t¢nuff. The Botrd took prompt action to asstS5 any p)tential reputstional or cyerational imw ￿ the Charity AThJ dd¢rniined no ch4rithble fvnds or beneficiaries were 8tTedcd by these matters. The tNstee$ have fully woperaied wilh the C￿lty Commi￿10￿ and followed all required rel￿ting procedwts. A )mpr¢hensive review of goY¢nwKe frame*Drks, Irustee T￿rUItMent pro¢e65e& s&fe8U&Tding politie$ been undertaken io ensure continued ¢omplian¢e with regulatory r¢quiremenLq aThJ best praetic4 standards. The Board remait)s wnfident that robujt d¢¢isioD making PTwedure4 8OV¢fnance Stnjc￿rts and a r¢5w)nsible appy￿h to de1c8￿10M art in plate to protect the Charity'5 &ssets. beneficigri¢& and repU￿10n. The r¢m4ining fnwtees continue in the beA interests of the Chrity and its ber*ficiarie& maintsinin8 the highest Swjdprdg of ￿vernan¢t and regulatory complimc¢. REFERENCE AND ADMif41sfRATIVE DETAIIS Reglstered C•mp•ny number 07629043 IFAh8lMd and Wales) Reglitered Ch•rlty nurnber 1142610 ReOJt¢r¢d offlet 121 Surnmers L4ne London N12(QE Tryite Professor R Narhyanswarny Mrs T Selvendr8n Mr P Ain¥aran (Appoint¢d on IW04r2024) Mr A Mehta (Apwinted on 1810412024) Mr R Rajivan IApwinkd on 1810412024) Mr S Selvalin8Bm (Appointed on 1810412024) Dr A Roy {App)iMed on 0410512025) Mr B Subrarnaniam (Apwinted on 0410512025) Ms C Selvendran (Resi8ned on 0110112025) Mr P Nlurdlikrisn#n (RtsigrA4 on 07m4r2025) Dr R Anjana (R¢si￿4 on 30104120251 Mr V Kaj¢nthrn (ReSi￿d on 3010412025) Audlton BBK Partnership Chartered Accountants & S￿ulOry Auditors l Beauchamp Court lo Vi¢tors Way Bamet Hertfordshir¢ EN3 5TZ of ilie'l'rnslfti Tr•sltN Iln¢•rw•rMllnx i1r*I￿le *Mtl dlr¢elots reithrll for iht I'ur traMINI JI Miy 21124 TRll*•l'F.b.S' R&:51Y)N•>lHII.II'1' *4-1'AI'kMtr.N'I' lThe irtisites Iwhi) Nrc IIK dirL*tsKJ uf Um ￿r￿vI￿#bhvI 'frt￿l fvr lh¢ puryKTrsrs tsf Gi)mpAny IAWI lir¢ n%ihle for PY¢fvWinbTr ihc Re￿1 ofiliL. Tr￿￿tt5 ih¢ fiMKinl In g¢wrdI￿¢ wilh ippll¢*bl¢14w 8NI Ilrtitcd kingldoitt Accotsntin¥ %laiMl4r& Iuniie¢l Kinbdom Ci¢n¢rnlly A¢c¢Nid A¢¢ountinB Pwxtictl iT￿lUdin￿ financknl Rew1in¥ Sinn41ord 102'IIK l.'inanci41 Re￿)rlIng51￿￿l￿DJ 4ppliL•hlr in thr IJK R¢pyhllt ufirtljnd.. Compan> 14w ￿qUireS ih¢ iruslccs th pr¢p9￿ Ilnan¢iil Jt*em¢nls for cach finan¢ial yL'Dr whi¢li gi¥¢ i iruc Ind f•ir view of ihc SlThle of #ffatrs of t￿ ch#ritibk crnnp•ny ￿ of the in¢oming resou￿￿ Jrhl appliciiion of in¢ludinu lh¢ ithcome ¢xptndiiw¢. of & dwritsble tojyny for ihAI wmxl. In prLPWiry fin4nci41 Slalcmenil ihe Irusie¢s wuir¢d io seled 5UiIAble AceouNing wAicics ihen apply wnsisl¢niJy: ok¢n'e ihc M￿h￿￿% and Principles in thc Charity SORP. make judgtmEms and cslirnalcs i1￿1 •re r¢AwnHblc prudtni. stai¢ wl>cih¢r •pplicalAe a¢couniinbi StwNlards bcen follo*Td, kj ￿Y m41¢ri•l d¢pffiures dI￿l￿A¢d explaincd In Ihc firtuncial siat¢m¢nlS' P￿Pare Ihe financitsl sthi¢m¢n15 on ik &oin8 ¢orttrn basis unltS5 il is iMpWri￿c lo prcsumu thr ¢hbritsbk mpany will wniinue in bu￿￿¢$$. The trus*es 4rc ffspooibl¢ fi)r keepiry pY)pcr Kcouniin¥ rtcordi whith dis¢lDk With re4￿￿#ble 0¢¢u￿Y It •ny tim¢ Ik financial rKJsilitin of ih¢ ¢h•rithbl¢ ¢omp4ny and ￿ Cnablt Ih¢m io cnswr Ih* ihe fsnaneijl slll¢mtnts ¢omply wlih Ih¢ Companies Aei 21106. They ire also r¢sponsibk kn ￿feLl￿￿dIrtU the •ss¢ts ¢hIii￿1¢ And hEn¢e for IAklni rtuonibl¢ 51¢p$ fw ihe pr¢venI1￿ Jnd dete¢tion of frnud •nd other Irye8u￿TI1￿. In so fw ts Ihe In￿1¢¢5 we aw•r¢: - Ihere is no rel¢￿Tri audit infomi81ion Or￿•ch ihe chKithbl¢ conTrpany's •uditOW5 ue unaW￿- ind Ihe tN$iees hve ￿kert ill steps lh* ihcy ou&hl 10 have taken 10 make themsel￿ •ww¢ of Iny r¢kw•ni iudli inf(vMioM to estsblish Ihat the audikm wt awwtofthbt infrnion. srATEMEKf AS TO DISCU)SVRE OF INFORMATION TO AUDITOMS So ftr Is Ihe INs*cs ir¢ S￿1¢, Iher¢ is Th) rtlevani inftyrn￿10n las der￿ed by s￿ron 411 ofihe Compani¢5 A¢1 20116) of which the ¢hwitable comp•ny's wfitors ￿ uTrawue. h•5 tskcn ill ihe Ste￿ Ihat Ih¢y Oubhl ￿ hiv¢ k'en 8$ a trusiee in ordrr to make tkm •w•r¢ of4ny a￿lit ifif0rm•i￿fy lo ¢5lablish Ihat IhE ch¥rithbl¢ eumponls •udilors 4r¢ aware of lh￿ inf0m￿1(th. AUDITORS In accordance wilh Ihe Chw41ies 2011 Ind comp￿1¢5 Aci 20￿. •n •tyJil is no wuwirtd ￿ th¢ ch&rit￿$ income for Ihe ytai ended 31 2024 wis klow ihe slalutory ihr¢shold. Awdingly. IIIIK P•nn¢rship will nui be sttkin¥ re-appoinimen¢ *$ •uditors ai the nex1 Annual GeKrd,YeeiinB. Report of Iht Irusl es in .. •nd sigrrtd on the bowrfs ￿.half by. P4¢ 11 Report of the Independtht Authtors to the Memben of Om S*rxv*DAbb•v8 Sev* Trwt Opinion We have audited the financial ststements of Om Saravanabhfftva Seya TnLqt {the ¢harirable company,) for lh¢ year ended 31 May 2024 whi¢h compftse the Statemeni of FIn￿cIal Activiri¢s the Statement of Ftnanci81 Position, the Statcrnent of Cash Flows arKi not¢s finartcial ststemo1& including a surnrnary of Si￿lfiCant accounting ￿￿]i¢l¢s. The financial rerM)rting frnmework that has applied in thw weparathm is applicabl¢ law and United Kin8dom A(￿WItIng Standards (Unit¢d Kingdom Gencrnjly A￿pted Act￿nting Prxli¢¢). includin8 Financid Reporting Sthndord 102 Tr FiDaKial Rep)rring StandaTd appli¢8bl¢ in the UK and Rwblic of ITeland'. In our opinion the financi￿ statrments.. givc a true and fair view of the slate of the charitable companys alTairn a$ 81 31 May 2024 and of it$ iocoming Tc8ou￿eS and application of including its iTKome and ¢Xp￿dIn￿ for the year then ended,. have been properly prcpared in ￿Cordance with Unil¢d Kin8kn Gen¢rn]ly AcceNed Acwunting Prnctice, including Fin￿¢]&] RcsX)rting Standard 102 Tr Financial Reporting Sthndard Applicable in thc UK and Republic of Lrel&nd'. atml have b¢¢n prepw￿ in with requiren)ents ofthe Cowi¢5 Act 2(￿. BAils for oplnlon W¢ ¢onduaed our audit in accordanc4 wilh In*rrw¢ional Stsrthrth on Avditing (UK) (ISAS (UK)) and applicable I￿. (￿r rr5pon5ibililTes under those itarhdardj are fijnher described in the A￿lI￿r8. respons￿1 iliiies for the audit of the financial statem¢nts section of our rel￿. We ve independ¢nl of the charitsble company in I￿OrdanCe with the ¢thical requirements that are r¢levani ￿ our tudit of the financial ￿¢thents itt the UK in¢ltyJin8 ihe FRCS Ethical Sthndard, and we h&ve fvlfilled our other ethic41 reswjnsibilrties in XC0rd￿KC with these r4uir¢ments. Wt beli¢v¢ thgt the wdii eviden¢e we have obtained 19 sufficient and appropriate ￿ provide & ba5i$ for our opinion. Materi*l Untert•lnty Rthted th GolD¥ Coneern We dr&w attention to Not¢ I w the financi81 staternenffj which desttibe5 the basis of prepAration, i￿1￿11n% the trustees, ss¢ssmeni of iht eharitys ability to continue 85 a 80inB concern. As di5closd in the financial sttstem¢n¢s, Ihe charity's income for the yw ended 31 May 2024 d¢ueasa signific4ntly to £560.660 {2023: £2.135.682). resuliing in net expenditure tsf £94.647 for the year and a redudion in unrestricted r¢s¢rves to £2,017.948 at ye4r end. Th¢ Charit￿$ future op¢ration5 remain de￿ on the continutd SUPFrfJn of dornys Artd the abilty ¢0 secure sutTicient firtu income. Ag sthtrd in Nott l. these evems or &￿￿￿11]0n￿ aJonB with other nw¢N5 a5 S¢¢ forth in Note I, Indi￿te a malerial unr¢Jtsinty exists that may ¢asi si8nific*nt doubl on the chrity's •bility to continue as a 8oin8 wn¢¢rn. Our opinion 19 not modified in respeci of thi$ m#ti¢r. Other inforniitlon The t￿￿et$ are r¢sp)nsTri +le for the other infOrn￿1￿). Tr otheT inform&*)n comprises the Inforn￿tion irtlLMled in th¢ Annual Report other than the fin8n¢ial 5tst¢rnents and our Re￿rt of the Indyndent Auditry5 th¢reon. Our opiniott on the financial 5tstem¢nts ¢Sxs cov¢r the other infOrn￿l￿n and exc¢w to ¢x*ni otherwise explicttly Slated in rew¢ wt do expttss w f(xm of asSurn￿e Wn¢1￿10n thereon. In cotujection wilh our audit of the fin￿¢181 oternents, our WTL4ibilty is to read the (thr infomiation and. in doing $0, Gtsnsider wheth¢r th¢ otlKr infornlation is materially inconsistent wth the financial 5t&temen¢s or our ktK)wled8¢ obcained in the audii or othcrwi5e appears to b¢ rnaterI￿lY mtsst*d. If we identify $u¢h materi81 inconsist¢nci¢s or apparent nu¢¢rial misstatem¢nt& we ue required io detennin¢ wh¢theT this gives rise to a m*eriai misstatemetrt in the financial statements themselv¢s. If. b85cd on the work we have perfonned. w¢ conclude there is a rnateri41 misstalement of ihis other inf0rnwti0￿ we are rrquiTd ¢0 r¢￿rt that fact. W¢ have tiothill8 to r¢port in this rega￿. OpinioD8 other ma¢t¢rn prt4erlbed by the co￿￿￿1¢> Ad 21J06 In our opirtion. b4s¢d on the work ur*derthn in the course of the audit.. the informAtion given in th¢ Rcport of the Trustees for the financial ye4r for whieh the fin8ncid ar¢ prepared 15 wnsistent with the financial 5ratements" and the R¢wrt of the Tr￿*te&S has b¢cfft wew¢d in with applicable legal requir¢ments. Report ofthe lTrdet*ntht Audityrs ¢0 the Membtn of Om Sar4v*Mbh•wi Sev* Trust Matters on wbkh wt requlred to T4￿rt by VAeeptlo* In the light of the knowledge aDd LThl¢tsthnding of the cbaritsble ¢ompany and its environment obtaincd in the cour$¢ of the audn, w¢ have rtot id¢Dtifi¢d molerial misstatements ID the iieport of the TnL4te¢5. We have ￿￿thIrtg io Tepor¢ in T¢speth of th¢ folknMg matt¢rs whe¥t the Cornpani¢s A¢t 2￿6 require5 US to t¢port to you if. in our optnion.. equate accounting ree(*ds not been kryt or AleqU￿t for our wmlil not been rettived from brancheg tK)t visited by us or the financial stslernetjts are ty)t in a8reemellt with the a¢counting retords and r¢tsrDs' or certain di5¢1osur¢$ of trustees, rernun¢rntion spttified by law are not rnade" or we have not Teceived all the inlonnwion and explan￿10Th$ we Ttyuire for our a￿￿11. Re*poMlbllltle4 of trwttt8 As explain¢d mre fully in the Truthes, R¢spJnsibilities trustees (who Bre also the directots of th¢ th8Tithble company for th¢ pufF￿¢S of compony l#w) are re$r￿n91b1¢ for the preparation ofthe financial s￿￿￿ents and for being satisfied that thcy givc a tnK and fair view, and for such internal ￿ntrol as the trustees d￿¢mine is ncces5ary to ¢nAbl¢ the preFwation of fItW￿l￿ sthtern¢nts are fre¢ fmm m8teTiAI mi$$tat¢n￿ni. whether due to fraud or error. In preptring th¢ finan¢ial thternent4 the mimtts are resp￿sible for 453¢ssin8 the ¢h8ritablé wrnpany's abiliry to eontinue &5 a going Concern. disclosin& as applieable. matter5 related to 80ing conc¢m aDd ustn8 the going ¢on¢ern b85is of aco)unttng unl¢ss the trusttts either intend to liquidaie the chwithble company or to cease operations. QT have no T￿lIstiC alternativ¢ but to do KJ. Our rupon$lbUhl¢s for the audlt of the flMDdal stAtements (￿r resFK*nsibilitits for the audii of th¢ fin￿la1 $lat¢m¢nts objectives are to obiain reasomble assurottee about whether the financial 5tatem¢nts As * wknle are free from material mis51al¢meni ￿ether due to fraL*I or ern)r, and to Isu¢ a Re￿rt of the Independent Auditors include5 ow opinion. Rcasonable &8$yr4nce is a hi8h l¢v¢l ofassur8nce, but is noi a guarantee thot w) audit condurted in a¢cordance with ISAS (UK) will 4lway$ ddcct a malcri&l mi5StaiemeM when it exists. Missla¢ements Can 8ris¢ fr0rn fraud or error and ¥e ¢onsidered materi&l if. individually or in the aggregatc, thcy could r¢I￿NblY b¢ eX￿ed kn influetKe the Q￿nomiC de¢lsio￿ of u9era tsken on the b&sis of these flnancial stDitments. We obthined an understsndin8 of th¢ l¢#al and rt8ulatory franxThvrks applicable to the charitsble ￿MpAnY and the se¢iot in which it opera*s. W¢ obtait)ed an underst￿dIng of how the ctrwitable ¢onyny 18 i*mplying with those le8al r4ulatory fiymewoTk5 by m8kin8 tswuires to man*8em¢nt. We Corr0￿ thes¢ enquiffs throu8K th applicable. our Yeview of tru8t¢¢s' minutes. We &s$es3ed the sugeeptibility of the ch8ritsble wmp8rty's fiTwKi81 statements 10 mai¢rial misstsleme￿S, in¢luding how might occur. Audi¢ prottdtsres wfornKd by the en8B8ement team irKluded.. - idcntifyinB and ￿se$S]ng the d¢$ign eff￿lIvene￿ ofcontrols rn8na8emeM h&8 in place to prevent and de￿¢t fraud; - understanding how those thar8¢d wilh gOvern￿Ce considetrd and addressed the p)ietttial for override of control or other inappropriate influences OV￿ the financial reporting process; - chail¢n¥inB assurnptiOJk8 and jud8em¢nts made by the Manase￿￿t in its signifi¢ant I*￿￿n￿n8 ¢stin￿leS.. - iden¢ifyin¥ and t¢stin8 joumai entries. in parti￿lar 8Dy unusual journal cntries.. 2nd - 0sxsyin8 the extent of ￿Mplis￿et with Tel￿￿ttl laws r¢gulatioM. We did idenrify key a￿11¢ mp¢ters Tel￿￿￿8 to irre8ularitie4 i￿1￿lIng fraud. Page 8 Rewrt ofthe Inthwd¢Dt AwditOT5 to the M¢tpb¢rs of Orn S4r•v•Mbh*v* Seva Trust Bttause of ihe inherem limitati(Tr￿ of an audii therr is a Tisk th￿ we will t>)t detect all irrcgularitie5, in¢luding t￿$¢ leading to a material mi55tatement in the financia] stat¢rn¢nts or non-compliance with regulatMTrn. This risk incre4se8 the nk)ff ihbt ¢ornpliance witb a law ￿ regulation is re￿￿)Ved from the events and trwts*tions reflec1￿ in the fin&n¢ial ststemeni& a5 we will be lesq liTr¢ly w become aw7rr of IT￿lanceS of Don-¢4)mplia￿t. The risk is also 8re8t¢r regarding irregulftriiies occurring thie to fraud rather than ¢Tror. fraud involves imentionai concalrn¢nL foTg¢ry. collusion, omission or rnisrtpresentation. A further descriptitin of ow responsibililies fc* the 8udil of the financial statements is located on the Firtancial Re￿rting Council's website ￿ w1￿.fr¢.0r￿yk1¥UdIl0TSrcsponsIbjIjlIeS. This desuioion forms part of our ReF￿rt of the Independent Auditors. U¥ of our re￿rt Thi5 reiM)rt is made sol¢ly to the Chtritable company's rnember& as a body. in ￿coldance with ch￿ter 3 of Part 16 of the Companiu Aa 2006. Our audit wDrk h35 bttn undertaken g) th81 we migbi 5ta* to the chaTitsbl¢ cornpany's members ihose moi*rs we are required to state in at) audi￿, rep)rt and for M other PUTtA)se. To the fvllest ¢xt¢nt perniitted by law. we do ￿1 or assume resFK)nsibility ty anyone other than th¢ charithbl¢ compatty the ¢lwitable company's members as a forour audi¢ for this re￿r( or forthe opinions w¢ have foTmeil. Alan Kay¢ FCA [s￿L0r Stotutory Auditor) for and on behalf of BBK Parnership Chart¢r¢d Accoutrtants & Statutory Auditors l Bcauchamp Court 10 Victors Way Bomel Hertfordshi EN5 5TZ Page 9 Om Sar&vam8lthv• S¢va Tntst St*teme*t orFkn*D¢I￿ Aetlvltks ror the Year Ended 3] May 2024 31.524 Unrestrict¢d fund 31.5.23 INCOME ￿YD ENDOWMENTS FROM tX)nAtions and le8t¢i 538.129 1073.321 Oth¢r tr&lit)s aaiviiies Invemnem income 701 60J89 Totsl 2 135 682 EXPENDITURE ON Raising fi]nds 54.792 Ch8rltsbl¢ •¢llvltles Proj¢cts {India) Elderly Home Projec¢ Ilfvlia) Project5 Isri L￿) Centr¢ Overhead Expendityr¢ Chpritable A¢iivities {UK) Buildin8 Maini¢n•rt¢¢ & Runnin8 C( Financ¢ Chargey Legal aThJ profesjionai cost Travel Expenses mO￿r Expenses S5,9￿$ 276.700 166,LKJo 6.989 96,609 16,487 158,558 3.084 27.400 46.179 709 101207 106,708 7,526 241,413 3.726 115.412 Tot*l 655 307 853 507 NET JNCOMEI(EXPENDITURE (94,6471 1282.175 RECONCILIATION OF FUNDS Tothl ffijrth brvy8ht fmard 1112,595 830,420 TOTAL FUNDS CARRIED FORWARD 017 948 LL595 The Krtes fomi pjrt of these fiD¥ncial st8tements Page 10 SI￿1￿￿1 of FINArtJ*l 31 M•y 2024 31,J.24 Unr¢ort¥#¢d fund 31.5.23 FIXFD AS%FT8 12 110SJ25 1.994A25 CURRKKf Agstrs St¢Kk 13 3,120 3,120 Cuh d Ibwth in l￿d 92.746 95JOO 204J14 CRfDITOA8 fAlllniéw whhln on8 y••r ij (J02JQl (55166) Nfl. CURREiff Assrrs TOTAL A8szni LESB CUAREprr LIABILITIE8 3&705 2.143J43 CREDITOKS (20.7571 130.7411 14Ef ASS FUIID¥ TOI'AL FLNDB Om S*ravaD*bh*w* Stv* Trnst Sts*men¢ of Clsb Flows for the Yur Endtd 31 M•y 2024 31.5.24 31.5.23 Not¢s Cgsh nows fyom operatlng Artlvltles C&sh gen¢ratd from operations Interest paid 41.450 lJ32.110 Net c&sh provided by optrnting x11￿1 40.793 Cash flows from actlvltl Pur¢hase of tangible r￿ed assets Int¢r¢M received (139224) (1,999,353) Nei cath in inv¢stin8 A￿l¥ltieS 1137 1997381 CA5h now8 from fln*ntkn8 Actlvlti L4)an r¢payments in year (9.991 Net Cash us¢d in financing octiviiiej ChAD¥e In ￿1h uih equlv•l¢nt• In ¢h¢ reportlng perlod C8ih ¢*$h ¢qulvxl¢nts •¢ ihe b¢glnninR of the reporting perlod (106,592) (675,919) 871383 Clih •nd CAJh equ5￿1¢4￿ at the end of the reportln¥ period The notes fonn of IlKse financial 5thtcments Page 12 Om S*rnv*ubb•v* Stv* Tnul otes to the Sts¢¢w¢w¢ of Cub Flows for tht Yur EDd¢d 31 M*y 2024 RECONCILIATION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM OPEKITING AcrIvrriES 31.5.24 31.5.23 N¢t {¢xp¢Ddltureyineome for the reportlDE wlod las per th¢ ststtthtnt of Fln¥Dtl*l Activities) Adjustments for: D¢pre¢iation charges Intrrest re¢eAved Inierest paid D¢cre&%e/(incre4s¢) in debto Ineretse in CTfditors (94.6471 1281175 27.829 (1.830) 657 6.￿0 12,139 (1.972) {6,0(￿) Net ash prnvld¢d by oper*tlo 332110 ANALYSIS OF CASH AND CASH EQUIVALENTS 31.5.24 31.5.23 C&sh in hgnd Notice depostts (less than 3 months) Overdrafts included in bank loan$ and ov¢rdr4fis fa]lin8due within on¢ ye4r 91 92,655 91 195.373 T￿87 cth and Cash equivalents ANALYSIS OF CHANGES IN NET FUNDS Ai 116r23 Cash flow At 31J5n4 Net c*Jh Cash at bank and in h￿d Bank overdraft 195.464 (102,718) 92,746 13 8741 106592 Debt Debts falling due after l year Totsl 96,601 The Mtes forni part ofthw financia] statemrnts P88¢ 13 Om S•rnvaD*bh8v• &w• Trust Notes to the FiMn£i*l Ststwe*ts for tht Yur Endtd 31 May 21124 Accou￿[NG POLICIFS Bxsls of prep*rini the fin8n£knl 3¢atemfflbts Om Saravanabhava Tn]st j5 a private c4)llVDy limited by in Ettgltyl. Th¢ ￿dTtsS of the re8iStered offi¢¢ is detailed &8 W of the to the trustres of these financial statrments. The natw¢ of th¢ ¢h¥rity'3 opero¢ioNs and prirt¢ipat activities art the whrynccrnent of education in cutnwe a￿A 8rt. The d)arity constitut¢5 4 publt¢ benefit ertity ￿ d¢fin¢d by FRS 102. The firtancial Aatements have becn prepared in aceordance ￿th A¢￿untIng and Re￿rtIng by Charities: Stst¢rnerrt of Recomm¢ndcd Practice app1]￿ble to chrities pr¢paring their accounts in accordance wtth the FiDanci81 Rerrt)rtin8 Standard ￿p]icable in ihe UK and Republi¢ of Ireland issued in October 2019, the FiD#Dciai Rewrting Standatli applicable in ¢he Uttited Kingdom and Republic of Ireland {FRS 102). th¢ Charilics Act 2011, the Companies Act 2006 8nd UK GvneTrlly Accepted Accouthing Pla￿1¢¢. The fiT￿n¢la1 staiements are we￿[ed on a Boing ¢onc¢m btsis undw th¢ histori¢a] cost ¢onvention. modifjed to irtelud¢ ¢¢nain items ￿ fair vajue. The financial S￿¢￿￿￿ gTe PTeseD*d in ￿erling whi¢h is the fiinctional cwrency of the th￿lty and rounded ￿ the ncvest £1. The si￿lfi￿nI ac¢ourtin8 wJliei¢s wplied in the prepw￿l0￿ of fin￿￿la1 statements att set out b¢Jow. These pJlicieJ hve be￿ consist¢ntiy applied to all years Pre￿￿￿￿ wil¢39 otherwise stated. All incx)mitt8 resoiir¢es are i￿luded tn th¢ Ststement of Ftnanci41 Adivities (SoFA> when the ch8rity is legally eniitled to the income after any ￿t¥￿illonS havc been mel, the amouni catt be Metsw￿ reliably and it 1$ pml)#bl¢ that the income will b¢ recei￿d. For don*ion$ to be reco8niseil the will have been n￿lfied of ihe omoums and the settlemeni. If there are conditions atta¢hcd to the donation and this r4uirES & level of perfOnn￿ befor¢ ¢nud¢ment ¢4n be 0￿81fted then income 15 deferred until those ¢LxKlilions are fully mrf or the fuiflltnenl of thosc conditions is wiihin th¢ o)ntrol of ihe ¢hartty and it is pmbthle tly will be fulfilled. Donated facilitits and donated p￿(eSSiOnal sffvitts are le￿￿nIStd in incom¢ at their fair ¥￿ue when their rxonomic benefit 15 probable, it ¢an be me&%wed reliably and the charÈty has control over ihe item. Fair value is ddcnnined on the basis of th¢ v8lu¢ of the wft ￿ the charity. For example. the am0￿1 the Charity would be willin8 to pay in open rn8rk¢t for swb f*ilities WHI services. A corresk¥)ndiDg amowtt is Te¢ogni5¢d in ex￿ndItUre. No &mouM 18 in¢luded in the fin8n¢ial 5tht¢rnents ftr Voluntttr time in line with the SORP. Further detsil is given in th¢ Tnjsttts, Attnuai Rwrt. Wher¢ prarficable. giftj ID kind donlted (or d1th"b￿￿)n ￿ the beDeficiari¢s of the eh&Tty are included in stock and donations in the financial Matements up)n receipL Jf it Is impracticable to asxss the fair value It r¢¢eiO or if the co$t$ lo undertake s￿h • valuation outweigh bcrKfits. then the fair value is reco8lli5¢d as a eornponent of dona¢ions when it is di5triE4Jted 8t￿ an eqyivabent amount reco￿1$￿j &5 ¢lJaritsble eXpe￿iltUre. Gifts in kind donated for vesale iDclyded at fair Val￿ the expEded PToc4th fmm 58]e le95 th¢ expected ¢osts of sB]¢. Where e5tinMting the hir valu¢ is iThtiGthle urA)n receipl it 15 reco8nis¢d io stock neom¢ from othu trading adivities,. Upon sale. the y￿￿¢ of the 15 ¢harg¢d 48ain5t 'lnwme from other irading 4d1viti￿, 8nd the wDceeds are reewisd as Income frorn other tszdin8 a¢tivtti¢s'. Where it is impracticable to fair value the ilems to the volume of low vaJu¢ items they or¢ not rtcognised in the finan¢iAI stat¢m¢nts until thry ar¢ wld. Thi5 ￿r￿Qme is reco8Dised within Incotne frotn oth￿tradIng activities.. Fixed &8set gifts irt kind are recognised when receivable and aTf IDElU￿ at fair v8lu¢. Tlry are Tr)t derc￿e￿ over the life of the assd. Pa8¢ 14 Om S*rnvallabhav* Sevx Trll for tht Year Ended 31 May 21124 ACCOUNTING POLICIES- ethitin• Ineome F(* le8acie& etttitletthent is the earlier of the elwity ￿1￿8 ￿)lif1¢0 of an impending distrilyjion or the leg8Cy being r¢c¢ivd. At this point income is rttogDised. On oE&¥ion legacies will be notified to the charity however it is not possible to m￿￿Te th¢ amouni ¢xp¢ded ￿ be distributed. On th¢se c¢lding assets for investment puryM)ses s￿h &$ shaT¢5 and p￿Perly. It includes dividend& iftterest and rtllL whe￿ it 15 not W￿ll¢able to identify invcslrnent manag¢m¢ni cost$ incurred within a scheme with reasonable xcuracy the investment intr)me is r¢portvJ n¢t of the9¢ C4)sts. It 18 incl￿ed when the amoum can be measured reliably. In*resi i0￿)rne i$ reco8nised ￿Sing the effe￿1ve iniertst rn¢tIK)d and divideJMI and rtnt Iiieome 15 r¢)ve are ￿ A)Ilows: inL¥)min8 Resou￿¢1 expended Movement in fvnds Unre4tr&ettd fNnd8 G¢neMI fuTr 2,135.682 (853,507) 1,282.175 TOTAL FUNDS 1853 507 2 135 682 ￿ 2L175 A ¢urrertt y¢ar 12 months and prior year 12 months c¥)mbitr41 position is ￿ follows: Net rnovement in funds At 3115Q4 At 116122 Unreslric¢ed fun General fimd 830.420 1.187.528 2.017.94B TOTAL FUNDS 830,420 1187328 2017,948 Otll S¥r4v￿abb#V8 Sew* Trmrt Nolej to the Fkn*n&l St*¢anents- for the Ye4r Fmded 31 May 2024 18. .MOVEMEKf IN FUP4tKS. ¢ond•ued A current yeAT 12 mortth$ Ind prior yew 12 months combine41 n¢t movaDent in fimds. I￿l￿ded in the Mbove are &4 follows.. InLY)min8 Rttourc¢$ Movement in funds UnMtrl¢t¢d fi￿dI Generni fu￿1 2.696J42 (1.508.814) 1,187528 TOTAL FUNDS (1,508 814) 19. RELATED PARTY DISCLOSURLS There wrre no related party trar￿a￿ll3 forthe year thmled 31 May 2024. 20. SUBSEQUENf EVEiYrs Subsequent to the year crf in Awil 2025, A fornKr trustee was convithd of crirnind offeJw ￿n￿lated to their role with the Charity or Any ¢haritabl¢ activiiies. The ci>nviction had no finaThcial impact on the Charity's operations. assets, or liabilities. The tswstets have r¢Yi¢wed all bxivcnwLCC proc￿￿r¢S ¢onfimied appropriate oversight was maintsined through0￿ Individu￿,5 lenwe. No adjustments to these financi&l $lat¢ments w¢r¢ rcquiTrd re$uh of this matter. Page 23 Om S*rdv*ts*bh*v* SevA ThM¢ Det*iltd Stst¢wK•¢ of Finanei*l A¢tivib for the Ye*r EDded 3] M•y 2024 31.5.24 31.5.23 INCOME AND ENDOWMENTS tlonatlons And lewles Donations Gift aid Money Box Collecti Other ITbcome 315J23 57,582 185224 1.961.210 106,037 558.129 2.073J21 Other trgdlng *etlvltle4 Just 8ivjri8 charitabl¢ proje