Trustees’ Annual Report for the period
From: 24[th] May 2024 To: 31[st] December 2024
Charity name: KRISHNA SWANSEA
Charity registration number: 1208387
Objectives and Activities
Krishna Swansea is a Charitable Incorporated Organisation and as such is governed by its Constitution. The charity's aims and objectives are to provide facilities and services inspired by the ideals, practices and techniques of the traditional wisdom of the Vedic bhakti tradition specifically as taught by A.C. Bhaktivedanta Swami Prabhupada; and as revealed in the Vaishnava texts of the Bhagavad Gita and Shrimad Bhagavatam to educate the general public, relieve suffering and poverty, to manifest and promote that wisdom tradition and advance, transmit, and propagate the religion of Krishna Consciousness. This sole objective of the charity, the promotion of the wisdom of the Vedic Bhakti tradition, is fulfilled by the activities of the charity. These core activities enable the charity to meet its objective through its medium to long term strategy:
The key elements of our medium to long term strategy are:
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Food distribution
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Literature distribution
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Meditation
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Workshops
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Donations
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Pastoral Care
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Education
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Social media
Achievements and Performance
Krishna Swansea began activities during the period this report covers. The first activity we started was to establish our Food For Life support. During the period over 1,000 free nutritious meals were distributed to those in need.
Additionally mediation and workshops were started. These will continue to grow in 2025.
2024 provided a very good start for the charity with over 30 volunteers supporting the works of the charity.
Financial Review
The charity reported a net income of £15,645 for the period ending 31st December 2024.
The principal funding source was a grant of £20,000 from the National Lottery towards our Food For Life activities. There was also income directly from charitable activities of £578.
Total income was £20,584.
Total resources expanded was £4,939
The total of unrestricted funds at 31 December 2024 was £576. The total of restricted funds at 31 December 2024 was £15,645.
The restricted fund is in relation to the grant from the National Lottery for our Food For Life activities.
The charity does not currently have a reserves policy. During 2025 the trustees will consider the need to now implement a policy.
Structure, Governance and Management
The Charity is registered as a Charitable Incorporated Organisation with the Charity Commission. The body responsible for the management of the Charity is the Board of Trustees.
The Charity is organised so that the trustees meet regularly to manage its affairs. We are very grateful for the help provided by the many volunteers all year round. In 2024 there were over 30 regular volunteers.
The trustees are responsible for establishing internal control systems within the charity. The major risks which may impact the activities of the charity have been reviewed during the period and the trustees are satisfied that the system of internal controls currently in place is adequate, whilst recognising that they are designed to manage rather than eliminate risk. Internal controls are reviewed on an ongoing basis as part of the day-to-day risk management process within the charity.
The Board of Trustees who served during the period of 2024 are shown below. Trustees are appointed or removed by the Members. Trustees serve for a period of 3 years. The board of trustees for 2024 were as follows:
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Terence Anderson
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David Morris
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Clare Johnson
New trustees are provided with training on their legal obligations under charity and company law, Charity Commission guidance on public benefit, the aims and objectives of the Charity, and the governance and decision making processes of the Charity. Continuing training for trustees is undertaken through regular meetings, attending relevant seminars, specific discussions with individuals and organisations and briefing papers in the areas supported by the charity.
Reference and Administrative details
Charity name: KRISHNA SWANSEA
Registered charity number: 1208387
Charity’s principal address: 8 Cradock Street, Swansea, SA1 3EN
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
DAVID MORRIS Trustee and Secretary of Trustees
| KRISHNA SWANSEA | KRISHNA SWANSEA | KRISHNA SWANSEA | KRISHNA SWANSEA | KRISHNA SWANSEA | KRISHNA SWANSEA | 1208387 | 1208387 | CC16a | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Receipts and payments accounts |
||||||||||
| For the period from |
24/05/2024 | To | 31/12/2024 | |||||||
| Section A Receipts and payments |
||||||||||
| Unrestrict ed funds |
Restricted funds |
Endowme nt funds |
Total funds |
Last year | ||||||
| to the nearest £ |
to the nearest £ |
to the nearest £ |
to the nearest £ |
to the nearest £ |
||||||
| Receipts | ||||||||||
| Donations | 6 | - | - | 6 | - | |||||
| Charitable activities | 578 | - | - | 578 | - | |||||
| LotteryGrant | - | 20,000 | - | 20,000 | - | |||||
| Total receipts | 584 | 20,000 | - | 20,584 | - | |||||
| Payments | ||||||||||
| Charitable activities | - | 4,583 | - | 4,583 | - | |||||
| Travelling | - | 348 | - | 348 | - | |||||
| Bank Charges | 8 | - | - | 8 | - | |||||
| Total payments | 8 | 4,931 | - | 4,939 | - | |||||
| Net of receipts/(payments) |
576 |
15,069 | - | 15,645 | - | |||||
| A5 Transfers between funds |
- | - | - | - | - | |||||
| A6 Cash funds last year end |
- | - | - | - | - | |||||
| Cash funds this year | 576 |
15,069 | - | 15,645 | - |
| end | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Section B Statement of assets and liabilities at the end of the period |
|||||||||
| Categories | Details | Unrestrict ed funds |
Restricted funds |
Endowme nt funds |
|||||
| to nearest £ | to nearest £ | to nearest £ | |||||||
| Cash funds | Bank Accounts | 576 | 15,069 | - | |||||
| Total cash funds | 576 | 15,069 | - | ||||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print Name | Date of approval |
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| DAVID MORRIS | 31/10/2025 |