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|||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|
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|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||||
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||||||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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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||||||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|
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|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|
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|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|
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|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|
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||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|
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|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)|
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