2021-03-31-accounts - Tara Sansthan UK

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Objecti	ves and acti	viti	es
			SORP reference
Summary	ofthe purposes	of	Para 1.17	The relief ofsickness and preservation ofhealth
the charity as set out in its governing document				to the poor in India, by provision offinancial assistance for treatments for those who are
				blind or otherwise suffer from eye-related
				problems, and to help with the provision of
				facilities and equipment for eye care.
Summary activities	ofthe main in relation to those		Para 1.17and 1.19	The collection ofdonations from the general public and other organisations which are then
purposes	for the public			distributed to our beneficiary- Tara Sansthan
benefit, in particular, the activities, projects or services				Udaipr - in India, and related worthy causes the UK.	in
identified	in the accounts.
Statement	confirming		Para 1.18
whether the trustees have				Yes, Trustees have had the regard to the
had regard to the guidance issued by the Charity Commission on public				guidance issued by the Charity Commission public benefit.	on
benefit

		Our main efforts were aimed at opening the
		Charity Bank Account, applying for Gift Aid
Summary ofthe main achievements ofthe charity, identifying the difference the charity's work has made to	Para 1.20	registration with HMRC, publicising our work with the public in Midlands area and setting up ofour office at 5, Albany Road, Coventry CV5 6JQ
the circumstances of its
beneficiaries and any wider benefits to society as a whole.		We also held Trust meetings through Zoom periodically and agreed on the strategy about how we' ll reach out to donors and raise
		awareness about the charitable we are aiaiming
		to do in UK as well as in India.
		We were severely restricted by the COVID19
		pandemic in UK as well as India. Our Trustees
		and volunteers also were victims ofCOVID19
		during this period but managed to survive.

Financial review
Review ofthe charity's		Para 1.21	Charity's		financial	position started to show
financial position at the end ofthe period			healthy gradual	signs, donors started taking interest and inflow ofdonations started to build up.
Statement explaining the		Para 1.22	Charity	had no other option but to keep the
policy for holding reserves			donations		in reserve because our beneficiaries		in
stating why they are held			India were waiting			to get their FCRA approval
			from Indian Government
Amount of reserves held		Para 1.22	f 14,473
Reasons for holding zero		Para 1.22	NA
reserves
Details offund materially	in	Para 1.24	NA
deficit
Explanation of any		Para 1.23	None
uncertainties about the
charity continuing as a going
concern

Description of charity's
trusts:
Type ofgoverning document:	Para 1.25	MOU
for example, trust deed,
memorandum and articles of
association etc
How is the charity	Para 1.25	CIO
constituted?
for example limited company,
unincorporated association,
CIQ
Trustee selection methods	Para 1.25	We have four	Trustees that were nominated	at
including details of any		the beginning	offormation of CIO.
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

Charity name	Charity name	Tara Sansthan
Other name	the
chari uses
Registered	charity	11898735
number
Charity's principal		5, Albany Road, Coventry, West Midlands,	UK
address

mes ofthe	charity t	rustees w	ho manage th	e charity
					Name ofperson (or
Trustee name		Office (if	any)	Dates acted ifnot for whole year	body) entitled to appoint trustee (if
					an )
Mr Davinder	Prasad	Managing	Trustee
Ms Manjeet	Rai	Trustee
Mr Ravi Bhushan		Trustee
Mr Deepesh	Mittal	Trustees	from India

mes and addresses	ofadvisers
T pe ofadviser	Name	Address
Accountant	Sachdev &.Co.	5 Albany Road, Coventry,	CV5 6JQ

Tara	Sansthan		Charit	No	1189735
			Com	an	No CE022020
		Annual	accounts for the period
Period	start date	01/06/2020			eno en date	i 31/03/2021

							~	~		a
										~
~ ~ ~
				0
Recommended categories			by activity	&DOI U	Unrestricted funds	Restricted income funds	Endowment funds		Total funds	Prior year funds
Income (Note 3)					F01	F02		F03	F04	F05
Income and endowments		from:
Donations and legacies				S01	14,473				14,473
Charitable activities				S02
Other trading activities				S03
Investments				S04
Separate material item ofincome				S05
Other				S06
Total				S07	14,47				14,473
Expenditure (Notes 6)
Expenditure on:
Raising funds				S08
Charitable activities				S09
Separate material expense	item			S10
Other				S11
Total				S12
Net income/(expenditure)			before tax for
the reporting period				S13	14,473				14,473
Tax payable				S14
Net income/(expenditure)			after tax
before investment Net gains/(losses) on	gains/(losses)			S15	14,473				14,473
investments				S16
Net income/(expenditure)				S17	14,473				14,473
Extraordinary items				S18
Transfers between	funds			S19
Other recognised	gains/(losses):
Gains and losses on revaluation		offixed assets for the
charity's own use				S20
Other gains/(losses)				S21
Net movementin funds				S22	14,473				14,473
Reconciliation of
funds:
Total funds brought forward				S23
Total funds carried	forward			S24	14,473				14,473

1.2 Going concern
Ifthere are material uncertainties related to events orconditions	that cast signiTicant doubt on the
charity's ability to continue as a going concern, please provide applicable", ifappropriate:	the following	details orstate "Not
An explanation as to those factors that
support the conclusion that the charity is a	Not Applicable
going concern;
Disdosure of any uncertainties that make the
going concern assumption doubfful;	Not Applicable
Where accounts are not prepared on a going concern.
concern basis, please disdose this fact
together with the basis on which the trustees prepared the accounts and the reason why	Not Applicable
the charity is not regarded as a going

Note 2			Accounting policies
2.2 INCOME
Recoqnition		of income	These are Included in the Statement of Financial Activities (SoFA) when:
			~ the charity becomes entitled to the resources;
			~ it is more likely than not that the trustees will receive the resources;
			~ the monetary value can be measured with sufficient reliability.
Offsetting			There has been no offsetting ofassets and liabilities, or income and expenses, unless required or permitted by the FRS 102SORP or FRS 102.
Grants and		donations	Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10to 5.12FRS102SORP).
			In the case of performance related grants, income must only be recognised to the
			extent that the charity has provided the specified goods or services as entitlement	to
			the grant only occurs when the performance related conditions are met (5.16FRS	102
			SORP).
			Legacies are included in the SOFA when receipt is probable, that is, when there has
Legacies			been grant ofprobate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control ofthe
			charity or have been met.
Government		grants	The charity has received government grants in the reporting period
			Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims		on	donor. Any Gift Aid amount recovered on a donation is considered to be part ofthat gift
donations	and gifts		and is treated as an addition to the same fund as the initial donation unless the donor
			orthe terms ofthe appeal have specified otherwise.
performance		related	This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
grants
Donated goods			Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
			The cost ofany stock ofgoods donated for distribution to beneiiciaries is deemed to be
			the fair value ofthose gifts at the time oftheir receipt and they are recognised on
			receipt. In the reporting period in which the stocks are distributed, they are recognised
			as an expense at the carrying amount ofthe stocks at distribution.
			Donated goods for resale are measured at fair value on initial recognition, which is	the
			expected proceeds from sale less the expected costs ofsale, and recognised in
			'Income from other trading activities' with the corresponding stock recognised in the
			balance sheet. On its sale the value ofstock is charged against 'Income from other
			trading activities' and the proceeds from sale are also recognised as 'Income from
			other trading activities'.
			Goods donated for on-going use by the charity are recognised as tangible fixed assets
			and included in the SoFAas incoming resources when receivable.
			Gifts in kind for use by the charity are included in the SoFAas income from donations
			when receivable.
Donated services and			Donated services and facilities are included in the SOFA when received at the value of
facilities			the gift to the charity provided the value ofthe gift can be measured reliably.
			Donated services and facilities that are consumed immediately are recognised as
			income with an equivalent amount recognised as an expense under the appropriate
			heading in the SOFA.
Support costs			The charity has incurred expenditure on support costs.
Volunteer	help		The value ofany voluntary help received is not included in the accounts but is described in the trustees' annual report.
Income from		interest,	This is included in the accounts when receipt is probable and the amount receivable

Yes*	No*	N/a*
Yes*	No*	N/a*
Yes*	No*	N/a*
Yes*	No*	N/a*
Yes"	No*	N/a*
Yes"	No*	N/a*
Yes*	No*	N/a*
Yes*	No*	N/a*
yes"	No	N/a"
Yes*	No*	N/a*
Yes"	No*	N/a*
Yes*	No*	N/a*
Yes*	No*	N/a*
Yes* j	No* j	N/a*
Yes*	No*	N/a*
Yes*	No*	N/a*
Yes	No*	N/a*
Yes"	No*	N/a*


royalties an	d	dividends	can be measured reliably.			V	v'
Income from subscriptions		membership	Membership subscriptions received in the nature ofa gift are recognised in Donations and Legacies.		Yes*	No*	N/a*
			Membership subscriptions which gives a member the right to buy services or other		Yes*	No*	N/a*
			benefits are recognised as income earned from the provision ofgoods and services	as
			income from charitable activities.
Settlement claims	ofinsurance		Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10to 5.12FRS102SORP) and are included as an item ofother income in the SoFA.		Yes*	No*	N/a*
Investment losses	gains and		This includes any realised or unrealised gains or losses on the sale ofinvestments and any gain or loss resulting from revaluing investments to market value at the end ofthe		Yes*	No"	N/a*
			year.
2.3 EXPENDITURE			AND LIABILITIES
Liability recognition			Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount	of	Yes*	No*	N/a*
			the obligation can be measured with reasonable certainty.
Governance costs		and support	Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability ofthe charity and		Yes*	No*	N/a*
			its compliance with regulation and good practice.
			Support costs include central functions and have been allocated to activity cost
			categories on a basis consistent with the use ofresources, eg allocating property costs		Yes*	No*	N/a*
			by floor areas, or per capita, staff costs by the time spent and other costs by their
			usage.
Grants with	performance		Where the charity gives a grant with conditions for its payment being a specific level of
conditions			service or output to be provided, such grants are only recognised in the SoFA once	the	Yes"	No*	N/a*
			recipient ofthe grant has provided the specified service or output.
Grants payable without performance conditions			Where there are no conditions attaching to the grant that enables the donor charity realistically avoid the commitment, a liability for the full funding obligation must be	to	Yes*	No*	N/a*
			recognised.
Redundancy		cost	The charity made no redundancy payments during the reporting period.		Yes*	No*	N/a*
Deferred income			No material item ofdeferred income has been included in the accounts.		Yes*	No*	N/a*
Creditors			The charity has creditors which are measured at settlement amounts less any trade discounts		Yes*	No*	N/a* v'
Provisions for liabilities			A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate ofthe amount required to settle the obligation at the		Yes*	No*	N/a*
			reporting date
Basic financial instruments			The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7FRS102SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,FRS102SORP.		Yes"	No*	N/a*
2.4ASSETS
Tangible fixed assets for			These are capitalised ifthey can be used for more than one year
use by charity					Yes*	No*	N/a*
			They are valued at cost.
			The depreciation rates and methods used are disclosed in note 14.
Intangible fixed assets			The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody		Yes*	No*	N/a*
			or legal rights. The amortisation rates and methods used are disclosed in note 15.
			They are valued at cost.		Yes*	No*	N/a*
Heritage assets			The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation		Yes*	No*	N/a*
			rates and methods used as disclosed in note 16.
					Yes*	No*	N/a*
			They are valued at cost.
			Fixed asset investments in quoted shares, traded bonds and similar investments are
Investments			valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be		Yes*	No*	N/a*
			measured reliably in which case it is measured at cost less impairment.

	Investments held for resale or pending their sale and cash and cash equivalents with a	Yes*	No*	N/a*
	maturity date ofless than 1 year are treated as current asset investments
Stocks and work in	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or	Yes*	No*	N/a*
progress	net realisable value.	v'
	Goods or services provided as part ofa charitable activity are measured at net	Yes*	No*	N/a*
	realisable value based on the service potential provided by items ofstock.
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on	Yes*	No*	N/a*
	the contract.
	Debtors (including trade debtors and loans receivable) are measured on initial
Debtors	recognition at settlement amount after any trade discounts or amount advanced by the	Yes*	No*	N/a*
	charity. Subsequently, they are measured at the cash or other consideration expected to be received.		V	v'
Current asset	The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on	Yes*	No*	N/a*
investments	deposit and cash equivalents with a maturity ofloss than one year held for investment		v'
	purposes rather than to meet short-term cash commitments as they fall due.
		Yes*	No*	N/a*
	They are valued at fair value except where they qualify as basic financial instruments.

							~		~			~
Note 3			Income
														Restricted
			Analysis ofincome										Unrestricted funds	income funds	Endowment funds	Total funds	Prior year
Donations	Donations		and	ifts									14,473			14,473
and legacies:	Gift Aid
	Le acies
	General grants provided					by government/other
	h
	Membership subscriptions						and sponsorships
			I		n
	Donated		oods	facilities		and		services
	Other
												Total	14,473			14,473
Charitable
activities:
	Other
												Total
Other trading
activities:
	Other
												Total
Income from	Interest income
investments:	Dividend	income
	Rental and		leasin		income
	Other
												Total
Separate
material item
ofincome
											Total
Other:	Conversion		ofendowment				funds		into	income
	Gain on disposal			of	a tangible			fixed asset				held
			wn
	Gain on disposal			of	a programme				related
	inv
	Royalties	from the exploitation						of	intellectual
	r	i	h
	Other
											Total
TOTAL INCOME													14473			14473
Other information:
All income in the prior year was unrestricted provide description and amounts)							except for:				(please				Not Applicable
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.															Not Applicable
Within the income items above the following							items		are
material: (please	disclose	the nature,			amount and				any	prior					Not Applicable
year amounts)
Where sums originally denominated					in foreign			currency			have
been included in income, explain the basis on which those sums have been translated into sterling (orthe currency in															Not Applicable
which the accounts are drawn up).

Note	24 Cash at bank and	in hand
					This year	Last year
Short Short	term cash investments term deposits	(less than 3months	maturity	date)
Cash	at bank and on hand				14,473
Other
Total