Trustees’ Annual Report for the period
From 02/06/2022 To 01/06/2023
Charity name: HRIDAYAM FOUNDATION
Charity registration number: 1195240
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The relief of sickness and preservation of health of persons living in Southern Asia, by the provision of healthcare and equipment, particularly for those unable to afford such help, primarily, but not exclusively to prevent and treat heart disease. To advance the education of the public, in the UK and Southern Asia, primarily, but not exclusively, in the subject of heart disease. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Provides services for: 1. Advancing health or the saving of lives 2. Health or treatment centre 3. Professional training Makes grants to individuals and organisations |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | It is to confirm that the trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | The trustees adhered to and followed the grant making policy of the charity, where applicable. |
| Policy on social investment including program related investment |
Para 1.38 | Not applicable |
| Contribution made by volunteers |
Para 1.38 | The volunteers worked very hard to get the charity’s activities on track to recovery from the pandemic, following on from phase 1 in March 2022 to phase 2, |
3 and finally 4 by March 2023. Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In 2022-2023, the key focus of the charity was to restart activities and ongoing recovery from the pandemic, besides establishing connection with patients who had lost contact. The weekly online and ad hoc face to face activities, along with large programmes helped establish the performance levels almost to pre- pandemic levels, including educational / CPD events. Our main achievements during 2022-23 are: 1. Enhanced level of contact with patients with continued reassurance about our commitment and services towards them. 2. Enhanced provision of free monthly medications to adopted patients. 3. Establishment of weekly ad hoc and programmed large events, including outreach into rural areas, with careful emphasis on COVID protocols where necessary. 4. Expansion of online services. 5. Better medicines management. 6. Organising accredited Webinars and meetings for healthcare professionals, across UK and India. 7. Providing free evidence-based opinion and advice to other heart disease patients. 8. Flu vaccination campaign January 2023. 9. Making plans for 2023-24, including expanding teaching/training and visiting volunteers’ programme. 10. Reviewing our policies on working with service providers in the region and India for services like investigations and treatment, especially complex/advanced procedures. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | As above. |
|---|---|---|
| Performance of fundraising activities against objectives set |
We did a small amount of fundraising during this year, amounting to £300. This was in line with our policies and procedures and |
| Para 1.41 | charity commission and UK fundraising regulator guidelines. |
|
|---|---|---|
| Investment performance against objectives |
Para 1.41 | The charity did not make any major investments during the year, with emphasis on key objectives, especially continued recovery from the pandemic and safe restarting of services, medicines provision, online services and educational activities. |
| Other | None. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity is in a stable financial position at the end of FY 2022-23, with a gross bank balance of £9906.20 as on 01/06/2023. With expanding scope of activities, the expenses are likely to go up in the coming year and this is under constant review. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Charity have a policy for holding reserves based on 12 months expenditure. This is held as (£3000) in the Charity bank account as part (approx 30%) of overall balance and is reviewed every year. |
| Amount of reserves held | Para 1.22 | £2500 |
| Reasons for holding zero reserves |
Para 1.22 | NA |
| Details of fund materially in deficit |
Para 1.24 | NA |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | No concerns. |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO Foundation Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO, registered 21/07/2021 |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | As per Charity constitution clauses 9-13: (1) Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | As per Constitution. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | As per Constitution. |
| Relationship with any related parties |
Para 1.51 | MOU with Hridayam Foundation, India. |
| Other | None. |
Reference and Administrative details
| Charity name | Hridayam Foundation |
|---|---|
| Other name the charity uses | x |
| Registered charity number | 1195240 |
| Charity’s principal address | 4 The Oval Wakefield West Yorkshire WF1 3QB, UK |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Ashish Kumar Thakur | 4 The Oval, Wakefield. WF1 3QB. UK |
NA | As per CIO Foundation Constitution clause 10 (New Trustee Appointment): Meeting of Charity Trustees |
|
| Smita Thakur | 4 The Oval, Wakefield. WF1 3QB. UK |
NA | As per CIO Foundation Constitution clause 10 (New Trustee Appointment): Meeting of Charity Trustees |
|
| Mehala Kumar | X | NA | As per CIO Foundation Constitution clause 10 (New Trustee Appointment): Meeting of Charity Trustees |
|
| Sugandh Sarvpriya | X | NA | As per CIO Foundation Constitution clause 10 (New Trustee Appointment): Meeting of Charity Trustees |
|
– Corporate trustees names of the directors at the date the report was approved
| Director name | ||
|---|---|---|
| Ashish Kumar Thakur | 28/03/2024 | Chair/CEO |
| Smita Thakur | 28/03/2024 | Trustee/Director |
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| NA | ||
| Funds held as custodian trustees on behalf of others | ||
| Description of the assets held in this capacity |
NA | |
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
NA | |
| Details of arrangements for safe custody and segregation of such assets |
NA |
from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Ashish Kumar Thakur
Exemptions from disclosure
Reason for non-disclosure of key personnel details
NA
Other optional information
None
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Ashish Kumar Thakur | Smita Thakur | |
Chair / CEO |
Trustee/Director | |
| 28/03/2024 | ||
| 28/03/2024 |
HRIDAYAM FOUNDATION 1195240 Receipts and payments accounts CC16a For the period 6/2/2022 6/1/2023 To from
| Section A Receipts and payments | ||||
|---|---|---|---|---|
| to the nearest £ A1 Receipts Donations to Bank Account 2,400 Charitable activities 500 Fundraising 300 - - - - - 3,200 - - Sub total - Total receipts 3,200 A3 Payments IT Upgrades 250 Flu vaccination campaign Grant 300 Medicines Grant 1,200 Tests 250 Stationery 150 Telephone 100 Medical Meetings 250 Miscellaneous 140 - Sub total 2,640 - - Sub total - Total payments 2,640 Net of receipts/(payments) 560 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 560 Unrestricted funds Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Endowment funds |
Total funds to the nearest £ 2,400 500 300 - - - - - 3,200 - - - 3,200 250 300 1,200 250 150 100 250 140 - 2,640 - - - 2,640 560 - - 560 |
Last year to the nearest £ |
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| - | - | 560 | - | |
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Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Bank Balance Details None Details None Details None Details None Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 6,906 3,000 - - - - 6,906 3,000 ok ok to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Ashish Kumar Thakur Smita Thakur Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
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| to nearest £ Endowment funds |
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| When due (optional) |
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| Date of approval |
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| Ashish Kumar Thakur | 3/28/2024 | ||
| Smita Thakur | 3/28/2024 |