OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2023-03-31-accounts

		Page
Trustees' annual report
Independent	examiner's report to the trustees
Statement	offinancial activities
Statement	offinancial position
Statement	ofcash flows
Notes to the financial statements		10

Reference	and	administrative	administrative	details
Registered	charity		name	The Sri Bhakti Seva Trust
Charity registration			number	1196157
Principal	office			6Church Lane
				Glastonbury
				Somerset
				BA69JQ
The trustees
				Anthony Bate Jaqueline Strand Joanne Bate		(Appointed (Appointed (Appointed	18March 2022) 28 August 2022) 24 August 2022)
				Cordelia Conway Lucy Lord Tangwyn Andrews		(Appointed (Appointed (Appointed	18March 2022) 18March 2022) 18March 2022)
Independent		examiner		Paul Dix BSc(Hons)ACA FCCA
				Chalmers HB
				20 Chamberlain	Street
				Wells
				Somerset BA5 2PF

					Period from	14Dct 21to
					31 Mar 23
					Unrestricted
					funds	Total funds
				Note	8	8
Income and	endowments
Donations and legacies				4	558,129	558,129
Charitable activities				5	8,963	8,963
Other income				6	150	150
Total income					567,242	567,242
Expenditure
Expenditure	on charitable	activities		7,9	45,236	45,236
Total expenditure					45,236	45,236
Net income	and net movement		in funds		522,006	522,006
Reconciliation offunds
Total funds	brought forward
Total funds	carried forward				522,006	522,006

				31 Mar 23
			Note
Fixed assets
Tangible fixed assets			15	672,039
Current assets
Debtors			16	1,582
Cash at bank and in	hand			50,345
				51,927
Creditors: amounts	falling	due within one year	17	41,960
Net current assets				9,967
Total assets less current		liabilities		662,006
Creditors: amounts	falling	due after more than one year	18	160,000
Net assets				522,006
Funds ofthe charity
Unrestricted funds				522,006
Total charity funds			19	522,006

Period from 14Octob	er 2021 to 31	INarch 2023
			31 Mar 23
Cash flows from operating Net income	activities		522,006
Adjustments for: Depreciation oftangible fixed assets Interest payable and similar charges Accrued expenses			667 16,054 18,454
Changesin:
Trade and other debtors			(1,582)
Trade and other creditors			23,506
Cash generated from operations			579,105
Interest paid			(16,054)
Net cash from operating activities			563,051
Cash flows from investing	activities
Purchase oftangible assets			(672,706)
Net cash used in investing	activities		(672,706)
Cash flows from financing	activities
Proceeds from borrowings			160,000
Net cash from financing activities			160,000
Net increase in cash and	cash equivalents		50,345
Cash and cash equivalents at beginning		of period
Cash and cash equivalents at end of period			50,345

Donations	and legacie	s
					Unrestricted	Total Funds
					Funds f	2023
Donations
General Donations					558,129	558,129
Charitable	activities
					Unrestricted	Total Funds
					Funds	2023
						6
Sale ofgoods/services		as part ofdirect charitable		activities	8,963	8,963
Other income
					Unrestricted	Total Funds
					Funds	2023
					F
Bank compensation					150	150
Expenditure	on charitable		activities by fund type
					Unrestricted	Total Funds
					Funds	2023
					5
Provision of an Ashram		and related facilities			38,466	38,466
Supportcosts					6,770	6,770
					45,236	45,236

Analysis ofdire	ct chari	table expenditure
			31 Mar 23
			6
Direct charitable	activity	1 - purchases	6,192
Light &heat			4,869
Repairs 8 maintenance			7,152
Insurance			1,159
Other establishment			549
Other motor/travel	costs		436
Telephone			299
Depreciation			667
Interest on bank	loans and ovsrdrafts		16,054
Bookkeeping			671
Advertising and website			139
Air BBBfees			279
Total			38,466

Expenditu	re	on charita	ble activities by activity	type
				Activities
				undertaken	Support	Total funds
				directly	costs	2023
				6		8
Provision	of	an Ashram	and related facilities	38,466		38,466
Governance		costs			6,770	6,770
				38,466	6,770	45,236

					Analysis of
					support costs
					activity 1	Total 2023 f
Governance	costs				6,770	6,770
					31 Mar 23
Accountancy	and independent		examination	fees	2,400
Legal and other professional			fees		4,278
Bank charges		and fees			92
Total					6,770
Nst income
Net income	is	stated after charging/(crediting):
						31 Mar 23

Independent	ex	amination	fees
					Period from
					140ct21to
					31 Mar 23
Fees payable	to	the independent		examiner for:
Independent	examination		ofthe	financial statements	1,020
Other assurance		services			1,380
					2,400

15.	Tangible fixe	d assets
			Freehold	Fixtures and	Other fixed
			property	fittings	assets	Total
			F	6	E
	Cost
	At 14October	2021
	Additions		669,685	2,021	1,000	672,706
	At 31 March 2023		669,685	2,021	1,000	672,706
	Depreciation
	At 14October	2021
	Charge for ths period			667		667
	At 31 March 2023			667		667
	Carrying amount
	At 31 March 2023		669,685	1,354	1,000	672,039
16.	Debtors
						31 Mar 23
						8
	Trade debtors					415
	Prepayments	and accrued income				1,165
	Other debtors					2
						1,582

Creditors: amounts f	alling due within one year
		31 Mar 23
		6
Trade creditors		3,360
Accruals snd deferred	income	18,454
Other creditors		20,146
		41,960

Credi	tors:	amo	unts falling due after more than one y	ear
				31 Mar 23
				8
Bank	loans	and	overdrafts	160,000

	Unrestric	ted funds
			At
			14October			At 31 March
			2021	Income	Expenditure	2023
			r
	General	funds		567,242	(45,236)	522,006
20.	Analysis	of net assets between funds

Analysis of net as	se	ts between funds
			Unrestricted	Total Funds
			Funds	2023
Tangible fixed assets			672,039	672,039
Current assets			51,927	51,927
Creditors less than	1	year	(41,960)	(41,960)
Creditors greater than		1 year	(160,000)	(160,000)
Net assets			522,006	522,006

Analy	sis ofchanges in net debt
		At			At
		14Oct	2021	Cash flows	31Mar 2023
			6
Cash	at bank and in hand			50,345	50,345
Debt	due after one year			(160,000)	(160,000)
				(109,655)	(109,655)