## **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:
1. 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:
Page 5
## **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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