SRI SATHYA SAI CHARITABLE TRUST UK TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025 The Trustees present their annual report and Receipts and Payments Accounts (financial statements) for the year ended 30 April 2025. Objective and activities The charity's objects and principal activities are set out in the Trust declaration in 1979 and Deed of variation dated 4 May 2018 (amended on 06 April 2023) i.e. "The Trustees shall stand possessed of the Trust fund upon trust for the charitable purposes as they shall in their absolute discretion think fit and in particular for the advancement of education and for the relief of poverty and sickness. The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting the grant making policy for the year. There has been no change in these during the year. Activities to achieve the objectives for public benefit: nt In the context of rising Living costs in UK, and consequent strain on family finances affecting school pupils, the Trust has continued to make Financial Grants to several schooLs to support various amenities such as breakfast meals, school uniforms, school trips, bus passes etc. The Trust supported Amber Bee CIC/Police Community Clubs of Great Britain in the roll out of Barney & Echo Project on Mindfulness and Internet Safety for school children In Leicester aimed at promoting children's mental wellbeing and safety on social media platforms. 11 schools in Leicesterwere involved benefiting 846 pupils: togetherwith their parents, guardians and teachers, a total of 2100 people were positively impacted. The Trust supported a special needs school with outdoor sports equipment which was identified as an essential aid to effectively manage physical and emotional health. The Trust is actively Looking to increase the number of schools needing such support. Centenary Birthday celebrations of the founder of the Trust, Sri Sathya Sai Baba, were held to bring communities together and raise awareness of living in harmony, peace, mutual understanding and respect.
SRI SATHYA SAI CHARITABLE TRUST UK TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025 f f Povert . The Trust has given Financial Grants to support the homeless, refugees, and foodbank in UK in coLLaboration with other charity organisations. A financial grant was extended to plant 4000 waLnut trees (a cash crop) to support the women's cooperative in the remote village of Cardak in Turkey. The grant also helped refurbish a community hall near the village, in coLLaboration with Mohanji Foundation, a registered UK charity. Grants were given to upgrade accommodation facilities for volunteers who serve free of cost at the hospice, animal welfare sanctuary, foodbank, and sustainable woodland projects run bythe Skanda VaLe Interfaith Monastery in Wales. Reli f f Sickn Donations were sent to Sri Sathya Sai Central Trust in India to support its free of cost hospitals. A grantwas made to the Yonibana neo-natal unit in Sierra Leone in collaboration with the Better Lives Foundation, a UK registered charity, and to a young 5-year old child from Malawi who needed urgent Life changing heart surgery. These grants are made from the funds held in the Trust. All donations to the Trust were made on a voluntary basis only. No public appeals were made. The Trust makes grants to activities that align with its objects, and those of the donors when specified. There are thus several restricted fund accounts, maintained together with the premium reserve account and other current accounts which are unrestricted. The Trustees have paid due regard to guidance issued bythe Charity Commission in decidingwhat activities the Trust should undertake. Grant making policy and monitoring achievement The Trust has adopted a standard form for grant applicants to complete. This outlines the benefits of the proposed activity. The Trust also seeks a feedback report on the activityto confirm itwas carried out and what benefitswere derived; where possible, and especially for projects undertaken in the UK, trustees also make site visits to better understand and evaluate progress and outcomes. This process facilitates the discussion of grant making within the Trust meetings. The Trust does not borrow money and therefore will only make grants if it has the assets to do so. Funds received for specific purposes are utiLised for specific projects. The Trust reviews its achievements and performance within its Trust meetings.
SRI SATHYA SAI CHARITABLE TRUST UK TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025 Apart from the above, the operational area of the Trust is to run the bookshop through its subsidiary undertaking, Sri Sathya Sai Books (UK) Ltd, which supports the charity's aims by promoting educational and spiritual Literature. The operational decisions are made by the bookshop directors and the Management Team of the subsidiary company and significant reports are made to the trustees. Achievements and performances How our grant programmes deliver public benefit: The charity Trustees have complied with their dutyto have due regard to the guidance on public benefit published bythe Charity Commission in exercisingtheir powers or duties. Financial Review Funds received for specific purposes are utilised for specific projects. It is the policy of the Trust that unrestricted funds which have not been designated for a specific use are maintained at a Level as projected. The Trustees consider that reserves at this Level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust's current activities while consideration is given to ways in which additional funds may be raised e.g. moving funds into higher interest-bearing accounts. This Level of reserves has been maintained throughoutthe year. The principal sources of income were voluntary donations to the Trust. Expenditure has been entirely aligned to the three objectives of the Trust and events to enable their advancement. Duringthe yearthe Trust received donations of £16,594 (2024- £61,046) and investment and other income of £222,758 (2024- £17,278). During the year the Trust made donations of £128,189 (2024- £206,628). The Trustees have assessed the major risks to which the Trust is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Principal risks and uncertainties The Trust has a very conservative, riskfree approach on investments and hence the funds
SRI SATHYA SAI CHARITABLE TRUST UK TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025 are kept in current accounts and interest-bearing accounts either within its main bank or another bank within the UK. It holds the one and onLy share in its subsidiary, the Bookshop. The Trust has debated whether to make the bookshop a company Limited by guarantee. It soughtthe guidance of legal and financial professionals in ensuring it made the best decision and this is currently under review. There is Trustee indemnity insurance in place. There is no mortgage or other loan on the propertyowned bytheTrust, (Hay Lane bookshop) with appropriate insurance in place forthe buiLding. The major risks to which the charity is exposed, as identified bythe Trustees, have been reviewed and systems have been established to manage those risks. Advice is regularly taken from the solicitor and the insurance adviser. Plans for the future The Trust continues to support a diverse range of applications for grants that meet the Trust objectives such as disaster relief, medical, educational and relief of hunger primarily in the UK, but abroad as the need arises. On 24th April 2011, the Founder of the Trust, Sri Sathya Sai Baba passed away in India. Since his passing, activities that are based on his message of "Love ALL Serve AIL" have increased in the UK and around the world. The Trust continues to look for a site or a suitable building with grounds in a central location in UK to further spread Sri Sathya Sai Baba's universal message of love and service to humanity. It is anticipated that the building WILL incorporate a multipurpose community hall, a museum, a Library and bookshop and provide ample parking with excellent public transport links. Cementing partnerships with strategic alliances The Trust continues to strengthen its existing partnerships and collaborations with various organisation in the UK which are aligned to its objects and looks to develop further new ones. The Trust believes in bringing people together to make a difference in our local communities, and hence looks activelyfor opportunities to build bridges. Structure, governance and management The Trust is a registered charity, number 278481, and is constituted under a Trust Deed
SRI SATHYA SAI CHARITABLE TRUST UK TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025 dated 15th June 1979 and Deed of variation dated 6th April 2023 which is the governing document. This was first established as the Sri Sathya Sai World Foundation U.K., butthe Trust changed its name on 25th May 1999 to Sri Sathya Sai Charitable Trust UK. The Trust is progressing plans to become a Charities Incorporated Organisation. The Charity has a wholly owned subsidiary Sri Sathya Sai Books (UK) Limited which is incorporated in the UK. The principal activity of the subsidiary duringthe year was that of seLling books, audios, DVDS and video cassettes. The subsidiary supports the charity aims by promoting educational and spiritual literature. It covenants its surplus / deficit to Sri Sathya Sai Charitable Trust UK. Sri Sathya Sai Books (UK) Limited and is run entirely by unpaid volunteers. The Trustees who served duringthe year and up to the date of signature of the financial statements are: Dr. Venkata Mudigonda Dr. Kirankumar Patel Mr. Khushaljethwani Mr. Rajiv Kundra Professorjagannadha Pawan Tamvada Miss. Subothini Gunasegaram New Trustees are appointed bythe Trustees after receiving nominations. Invitation is by Letter asking Trustees to serve for a fixed term of no more than 5 years. After this period, they may offer themselves for re-appointment. The practical requirement for the selection of new Trustees is that they have considerable experience in some or alLthe areas of: (i) (li) (iii) (iv) (v) education medical financial legal media/lT On appointment, new Trustees confirm their appointment and commit their time and expertise to serve the Trust. There is no formal requirementfor training of Trustees. All Trustees perform their duties on a voluntary basis and no remuneration or personal expenses are paid to any ofthe Board members.
SRI SATHYA SAI CHARITABLE TRUST UK TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025 There are approximatelyfour face to face ordinary meetings of the Trust per year with many others conducted by video conference. The Trustees agree the broad strategy and areas of activity at these meetings, consider grant making and risk management. The Trust receives requests for grants from various quarters, and consideration is given to each request based on its merits and objectives. A Trust meeting is considered quorate if at least three Trustees are present. Organisation Structure The Trust has three official posts- the Chairman, the Treasurer and the Secretary. Governance and Management are as described above. It is the Chairman's responsibilityto ensure the Trustees meet regularly. There is a limit of seven on the total number of Trustees on the Board. Related parties The Charity works with other charities / organisations whose objects are aligned to it. Statement of Trustees responsibilities The Trustees are responsible for preparingthe Trustees Report and the accounts in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financialyearwhich give a true and fairview of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that year. In preparing these accounts, the Trustees are required to: o select suitable accounting policies and then apply them consistently. o observe the methods and principles in the Charities SORP. o make judgements and estimates that are reasonable and prudent. o state whether applicable accounting standards have been foLLowed, subject to any material departures disclosed and explained in the accounts; and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity WILL continue in operation. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and
SRI SATHYA SAI CHARITABLE TRUST UK TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2025 Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, rreport was approved by the Board of Trustees. Dr. Kirankumar PateL Secretary/ Acting Treasurer 23rd February 2026
CHARITY COMMISSION FOR ENGLAND AND WALES SRI SATHYA SAI CHARITABLE TRUST UK 278481 Receipts and payments accounts 0110512024 CC16a For the period from 3010412025 To Section A Receipts and payments Unrestricted funds to the nearest Restricted Endowment funds funds to the nearest to the nearest to the nearest Total funds Last year to the nearest £ A1 Receipts Donations reiVed Rental Income Bank interest Gift Aid 9,224 10,800 81,193 3,957 7,370 16,594 10,800 201,962 9,996 61,046 10,800 6,478 120,769 6,039 Sub total (Gross income for AR) 105,174 134,178 239,352 78,324 A2 Asset and investment sales, (see table). Sub total Total receipts 105,174 134,178 239,352 ,324 A3Pa ments Donations made Activities and events costs Professional fees Administration expenses Bank charges Costs to be reimbursed 15,500 14,853 5,722 9,257 125 704 112,689 128,189 14,853 5,722 9,257 163 704 206,628 30,580 290 38 Sub total 46,161 112,727 158,888 237,498 A4 Asset and investment purchases, (see table Fixed Asset-sound s stem 2,843 2,843 Sub total 2,843 2,843 49,004 112,727 161,731 237,49 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 56,170 20,423 1,090,696 ,126,443 21,451 20,423 1,570,658 1,612,532 77,621 159,174 2,661,354 2,738,975 159,174 CCXX R1 accounts (SS) 2310212026
ection B Statement of assets and liabilities at the end of the period Unrestricted funds to nearest £ 1,083,497 Restricted funds to nearest £ 1,655,478 Endowment funds to nearest £ Categorles Detsil- B1 Cash funds Bank balance Total cash funds (agree Daiances wiin receipis and payments account(s)) 1,083,497 1,655,478 Unrestricted funds to nearest £ 41,717 Restricted funds to nearest £ Endowment funds to nearest £ Details Other receivables B2 Other monetary assets Fund to which asset belon Unrestricted Funds Cost (optional) 118,293 Current value tional 450,000 Details Freehold property B3 Investment assets Fund to which asset belon Unrestricted Funds Cost (optional) 2,843 Current value tional 2,843 Details Sound system B4 Assets retained for the charity's own use Fund to Amount due which liability (optional) relates When due (optional) Details B5 Liabilities 2310212026
Signed by one or two trustees on behalf of all the trustees Print Name Date of roval Signature y!Ir/ Dr Kirankumar Patel 2310212026 Mr Rajiv Kundra 2310212026 CCXX R3 accounts (SS) 2310212026
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to thè trustees SRI SATHYA SAI CHARITABLE TRUST UK On accounts for the year ended 30 APRIL 2025 Charity no (if any) 278481 Set out on pages 1to3 I report lo the trustees on my examination of the accounts of the above harity ("the Trust.) for the year ended 3010412025. Responsibilities and basis of report As the charity's truslees, you are responsible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carried oul 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 seclion 14515)(bl of the Acl. Independent I have compleled my examination. I confirm that no material matters have examiner's statement come lo my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect= the accounting records were nol kept in accordan with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charilies {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view whiGh is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in or er to enable a proper understanding of the accounts to be reached. e deJ8fe th ords in the brackets if they do nol apply. Signed: Date: 2310212026 Name: AJAY D KER PA IT Relevant professional qualification{sl or body (if any): ACCA Address: HINDOCHA PANDIT & CO LIMITED TH 4 FLOOR ELIZABETH HOUSE IER Oct 2018
5&58 HIGH STREET EDGWARE. HA8 7EJ Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32. Independent examination of charily accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018