CHARITY REGISTRATION NUMBER 1196157
SRI BHAKTI SEVA TRUST
INDEPENDENTLY EXAMINED
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE YEAR ENDED
31 MARCH 2024
SRI BHAKTI SEVA TRUST
FOR THE YEAR ENDED 31 MARCH 2024
CONTENTS
| Page | |
|---|---|
| Trustees' Annual Report | 1 - 2 |
| Independent Examiner's Report | 3 |
| Receipts and Payments Account | 4 |
| Statement of Assets and Liabilities | 5 |
| Notes | 6 |
SRI BHAKTI SEVA TRUST
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
CHARITY REGISTRATION NUMBER 1196157
The charity’s principal address is: 74 Malkin Street, Clitheroe, BB7 2RW
Names of the charity trustees:
Anthony Bate Claire Wade Ravi Pandey Joanne Bate Jacqueline Strand
Structure, governance and management
The charity is constituted as a Charitable Incorporated Organisation (CIO). The charity was registered with the Charity Commission on 14th October 2021. The governing document sets out that there must be a minimum of three trustees at any time and the existing trustees have the power to appoint new members to the board of trustees.
Objectives and activities
The governing document sets out the objectives of the charity as follows:
The advancement of the Vaishnava Hindu faith for the benefit of the public in accordance with teachings of Sri Chaitanya Mahaprabhu worldwide mainly but not exclusively through the provision of place of worship, religious education and to provide pastoral care for the community.
The prevention or relief of poverty by providing grants, items and services to individuals or such charitable associations, bodies and organisations as the charity trustees in their absolute discretion shall think fit, in particular to support the charitable work of Sri Raman Bihari Dasa Babaji and our associate charity the Sri Radhey Seva Trust.
Currently, the only social activity being regularly undertaken is the Wednesday (1pm) distribution of free vegetarian food (Prasadam) on the streets of Glastonbury to predominantly the homeless. But anyone can take this and benefit from delicious, healthy, vegetarian fayre!
The trustees confirm that they have had regard to the Charity Commission's guidance on public benefit.
Achievement and performance
These past twelve months have seen challenges, previously unforeseen. The main issue has been remaining solvent, with the high rate, interest only mortgage being the only one available to us. The building has required upgrades in all areas, kitchens, bathrooms and bedrooms. This will be a continuous process throughout the next year. Fortunately, our Airbnb continues to show high occupancy levels.
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SRI BHAKTI SEVA TRUST
TRUSTEES' ANNUAL REPORT CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
CHARITY REGISTRATION NUMBER 1196157
We intend to increase social activities, as funds allow. This winter, we aim to provide clothing and blankets to the homeless. The free meals provision continues weekly. And a range of spiritual activities take place through the week.
Throughout July and August, we again hosted Guruji and three assistants from India, who willingly give up their time to support the mission in Glastonbury, UK.
Financial Review
Sri Bhakti Seva Trust received donations from individuals and small organisations. It also received income from Air B&B. Accumulated reserves and income received during the year were expended according to decisions made by the trustees in line with the charity's objectives. The reserve policy of the charity is to only hold sufficient funds to honour financial commitments made to specific projects which span over several years. There were no material commitments to specific projects in this and the preceding accounting period. As at 31 March 2024 the charity has unrestricted funds of £506,079 (£542,905 - 2023).
The trustees declare that they approved the trustee’s report above.
Anthony Bate - Trustee
Date signed: 3 December 2024
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SRI BHAKTI SEVA TRUST
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
CHARITY REGISTRATION NUMBER 1196157
Independent examiner’s report to the trustees of Sri Bhakti Seva Trust
I report to the trustees on my examination of the accounts of the Sri Bhakti Seva Trust for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date signed: 3 December 2024
Birgit Kotschi FCCA MAAT Selwood Accounts and Tax Ltd 36 Selwood Road Glastonbury BA6 8HW
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SRI BHAKTI SEVA TRUST
FOR THE YEAR ENDED 31 MARCH 2024
RECEIPTS AND PAYMENTS ACCOUNTS
| Receipts Donations Gift aid tax refunds Sale of goods/services Bank compensation Sub total Asset and investment sales Loan from trustee A Bate Bank loan Sub total Total receipts Payments Cost of charitable activities Governance costs Bank loan interest Sub total Asset and investment purchases Land and buildings Office equipment Bank loan repaid Sub total Total payments Net receipts (payments) for the period Cash funds last year end Cash funds this year end |
Unrestricted funds 2024 £ 17,747 6,408 24,701 - 48,856 10,000 - 10,000 58,856 47,348 3,724 34,610 85,682 4,838 1,095 15,000 20,933 106,615 (47,759) 50,345 2,586 |
Restricted funds 2024 £ - - - - - - - - - - - - - - - - - - - - - |
Total funds 2024 £ 17,747 6,408 24,701 - 48,856 10,000 - 10,000 58,856 47,348 3,724 34,610 85,682 4,838 1,095 15,000 20,933 106,615 (47,759) 50,345 2,586 |
Last year 2023 £ 558,129 - 8,548 150 566,827 20,146 160,000 180,146 746,973 19,550 4,372 - 23,922 669,685 3,021 - 672,706 696,628 50,345 - 50,345 |
|---|---|---|---|---|
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SRI BHAKTI SEVA TRUST
STATEMENT OF ASSETS AND LIABILITIES
AT THE END OF 31 MARCH 2024
| Cash Funds Bank accounts Total Receipts Assets retained for the charity's own use Land and buidings F & F and Equipment Liabilities Anthony Bate - interest free loan Bank loan |
Unrestricted funds 2024 £ 2,586 2,586 674,523 4,116 678,639 (30,146) (145,000) (175,146) |
Restricted funds 2024 £ - - - - - - - - |
Total funds 2024 £ 2,586 2,586 674,523 4,116 678,639 (30,146) (145,000) (175,146) |
Last year 2023 £ 50,345 50,345 669,685 3,021 672,706 (20,146) (160,000) (180,146) |
|---|---|---|---|---|
Anthony Bate - Trustee (Trustee)
On behalf of all the trustees of Sri Bhakti Seva Trust
Date signed:
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SRI BHAKTI SEVA TRUST
FOR THE YEAR ENDED 31 MARCH 2024
NOTES
1. Particulars of any guarantees given by the CIO
There are no potential liabilities under any guarantee outstanding at the date of the statement of assets and liabilities.
2. Particulars of any debt outstanding
There is no debt outstanding at the date of the statement of assets and liabilities which is owed by the CIO and which is secured by an express charge on any of the assets of the CIO.
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