Trustees’ Annual Report for the period
From 15[th] March 2022 to 31[st] December 2022
Charity name: SANSKRIT TEXT SOCIETY
Charity registration number: 1198239
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The STS has been set up to advancethe education of the public in Oxford and across the UK and South Asia on thehistoric, cultural, and intellectual traditions of the Hindus, Buddhists, and Jains from Asia, particularly but not exclusively, literary and intellectual works composed in Sanskrit language and to support students and scholars working on Sanskrit texts in the UK and South Asia. |
| 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 |
This being the first year of the charity, therefore not many activities were carried out except for initial meetings, discussions and sharing of ideas within the charity as well as with the potential stakeholders. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The charity confirms 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 | Not Applicable for the reporting period. |
| Policy on social investment including program related investment |
Para 1.38 | Not Applicable for the reporting period. |
| Contribution made by volunteers |
Para 1.38 | Not Applicable for the reporting period. |
Other
Not Applicable for the reporting period.
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 | This being the first year of the charity, therefore no particular achievement is to be reported. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | Not Applicable for the reporting period. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Not Applicable for the reporting period. |
| Investment performance against objectives |
Para 1.41 | Not Applicable for the reporting period. |
| Other | Not Applicable for the reporting period. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | During the reporting period, the STS have not done any activity relating to receiving of fund (Donation) or deploying any fund towards the object. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | No fund or donation received. So, does not created any reserve/s. |
| Amount of reserves held | Para 1.22 | Zero |
| Reasons for holding zero reserves |
Para 1.22 | During the reporting period, the STS have not done any activity relating to receiving of fund (Donation) or deploying any fund towards the object. |
| Details of fund materially in deficit |
Para 1.24 | N.A. |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | No uncertainties |
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 | Donation |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | The income and property of the STS must be applied solely towards the promotion of the objects. |
| A description of the principal risks facing the charity |
Para 1.46 | The STS presently not doing any activity relating to object. So, there would be no risk faced by trust. |
| Other | None |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust Deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| 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 | There should be not less than three nor more than eleven appointed trustees. There must be at least three charity trustees. If the number falls below this minimum, the remaining trustee or trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. The maximum number of charity trustees that can be appointed is as provided in sub- clause (a) of this clause. No trustee appointment may be made in excess of these provisions. |
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 | No clause |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The STS is being set up to advance the education of the public in Oxford and across the UK and South Asia on the historic, cultural, and intellectual traditions of the Hindus, Buddhists, and Jains from Asia, particularly but not exclusively, literary and intellectual works composed in Sanskrit language and to support students and scholars working on Sanskrit texts in the UK and South Asia. |
| Relationship with any related parties |
Para 1.51 | No transaction carried out during the period. So, there is no related party/s established. |
| Other | No |
Reference and Administrative details
| Charity name | Sanskrit Text Society |
|---|---|
| Other name the charity uses | No |
| Registered charity number | 1198239 |
|---|---|
| Charity’s principal address | 85 Banbury Road, Kidlington, OX5 1AH, UK |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Professor Diwakar Acharya |
15.03.2022 | |||
| Gillian Evison | 15.03.2022 | |||
| Anupam Kumar Suman |
15.08.2024 | |||
| Dr Pongsit Pangsrivongse |
15.08.2024 | |||
| Dr John Lowe | 15.03.2022 | |||
| Dr Jayanra Soni | 15.03.2022 | |||
| Dr Nina Mirnig | 15.03.2022 | |||
| Dr Bihani Sarkar | 15.03.2022 | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets Not Applicable held in this capacity Name and objects of the Not Applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not Applicable safe custody and segregation of such assets 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)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
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 |
||
|---|---|---|
Diwakar Acharya |
Anupam Kumar Suman | |
Trustee |
Trustee | |
| 14.01.2024 | ||
| 14.01.2024 |