Registered charity number 0327840
SRI CHAITANYA SARASWAT CHARITABLE TRUST
Report and Accounts
31 December 2023
SRI CHAITANYA SARASWAT CHARITABLE TRUST Charity Information
Trustees
D W Ewins Ms E A Clifford M Vyas P Murphy R Betz
Appointed on 26 March 2023
Registered office 466 Green Street London E13 9DB
Registered charity number 327840
1
SRI CHAITANYA SARASWAT CHARITABLE TRUST REPORT OF TRUSTEES For the year ended 31 December 2023 imate tnci th aR tas The trustees present their report with financial statements of the charity for the year ended 31 December 2023.The trustees have adopted the provisions of the Statements of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2008. Structure, governance and management Governing document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Recruitment and appointment of new trustees The power of appointing new trustees of the charity shall be vested in the trustees but in the event that there shall be no trustees the power of appointment new trusteed shall be vested in whoever shall at that time be the secretary of Sri Chaitanya Saraswat Math in India. The new trustee or new trustees or new hereof may be appointed at any time but so that the total number of trustees shall not fall below three and at no time exceed seven. Related Parties The trustees MR D Ewins and MsE A Clifford are also trustees of Sri Chaitanya Saraswat Math, a charitable Company and is closely connected to Sri Chaitanya Saraswat Charitable Trust. Included under creditors K6,615 amount due to The Sri Chaitanya Saraswat Math. There are no specific repayments terms for this amount. Risk Management The trustees have duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Objectives and activities Objectives and Aims To advance the Hindu faith generally and in particular by the promotion of the philosophy of the Gaudiya Saraswata School of Hinduism, To advance the education of the public in the teachings of the Gaudiya Saraswata School of Hinduism to relieve poverty generally, and particularly by distribution of food to protect health and relieve sickness and fo assist in the protection of health and relief of sickness particularly for the benefit of those people who have suffered from drug or alcohol dependency. Volunteers
The trustees are very grateful to the volunteers who helped by carrying aut fund-raising an our behalf. Many volunteers give up their time to help, particularly at weekends and in the evenings and we are greatly indebted to the volunteers for their commitment and support. The staff deserves credit and praise for their skill and enthusiastic efforts to provide a successful service to a growing range of donors. The trustees are very grateful
to the general public for their immense support and are actively seeking volunteers from the local community, especially the youth. AchievementCharitable Activitiesand performance The main charitable activity is advancement of education and relief of poverty, followed by advancement of health and religion. Financial review Reserves Policy The trustees have maintained the reserves at a level so as to fulfil the charities objectives ta play a greater role in the advancement of religious activities, food distribution and religious educational programmes. This provides sufficient funds to cover the donations and support costs.
On behalf of the trustees
| R Betz Trustee | | | ; | | |
----- Start of picture text -----
wes
\2 \ob, \ QOQH
Date
----- End of picture text -----
2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SRI CHAITANYA SARASWAT CHARITABLE TRUST eeee We report on the Accounts of the Trust for the year ended 31 December 2023, which are Setout on pages 4 to 9.
Respective responsibilities of the trustees and examiner
As the Charity's Trustees you are responsible for the preparation of the Accounts: you consider that the audit requirement of section 43 (2) of the Charities Act 1993 ("the Act") does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43 (7) of the Act, whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the Accounts.
Independent examiner's statement
In connection with our examination, no matter has come to our attention: (1)which gives us reasonable cause to believe that, in any material
respect the requirements:
To keep accounting records in accordance with section 41 of
the 1993 Act, and
To prepare Accounts that record with the accounting records and to comply with the accounting requirements of the 1993 Act have not been made.
m 2)
Partha Chowdhury
----- Start of picture text -----
‘
----- End of picture text -----
----- Start of picture text -----
Date
----- End of picture text -----
‘
.
Accountant 145 Warwick Avenue Milton Keynes MK10 7BY
3
SRI CHAITANYA SARASWAT CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2023
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|funds|
|2023|2022|
|£|£|
|Incoming|resources|29,816|36,838|
|Direct expenses|(9,904)|(8,931)|
|Gross|incoming|resource|49.912|27,907|
|Administrative|expenses|(22,776)|(12,316)|
|Operating|profit|(2,864)|15,591|
|Interest|receivable|58|6|
|Net|incoming|resources|for the|
|financial year|(2,806)|15,597|
----- End of picture text -----
The statement of financial activities prepared on the basis that all operations are continuing operation.
There are no gain and losses other than those passing through the statement of financial activities.
4
SRI CHAITANYA SARASWAT CHARITABLE TRUST REGISTERED CHARITY NUMBER: 327840 BALANCE SHEET As at 31 December 2023
| Notes | 2023 | 2,022 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 2 | 428,521 | 428,014 | ||
| Current assets | |||||
| Cash at bank and in hand | _____20,380 | 23,683 | |||
| 20,380. | 23,693 | ||||
| Net current assets | 20,380 | 23,693 | |||
| Netassets | 448,901 | . 451,707 _ | |||
| Capital and reserves | |||||
| Unrestricted fund | 3 | 147,351 | 150,157 | ||
| Revaluation of property | 301,550 | 301,550 | |||
| Trust funds | _448,901 | 454,707 |
R Betz Ay tah Trustee Approved on behaif of trustees on 12 June 2024
ie
5
SRI CHAITANYA SARASWAT CHARITABLE TRUST Notes to the Accounts
for the year ended 31 December 2022
- 1 Accounting policies
(a) Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with applicable Financial Reporting Standard .
(b) Donations
Donations are accounted for when received and banked.
(c) Expenditure
Expenditure is allocated to the activities to which it related.
(d) Restricted and unrestricted funds
(i) Restricted funds are merged with unrestricted fund on completion of building project.
donor. (ii) Unrestricted funds are funds, which are expendable at the discretion of the Trustees.
Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings
Fixtures, fittings, tools and equipment over 5 years
Trustee Remuneration
No members of Management Committee received any remuneration during the year.
Accountant's Remuneration
The accountant did not receive any remuneration this year.
| 2 | Tangiblefixedassets | Fixtures, fitti | |||
|---|---|---|---|---|---|
| Land and | ngs&equip | ||||
| buildings | ments | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 1 January2023 Additions At 31 December2023 |
418,534 58,196 476,730 2 ABT 2,481 418,534 60,677 479,211 |
||||
| Depreciation At 1 January2023 Charge fortheyear |
- = |
48,716 1,974 |
© | 48,716 1,974 |
|
| At 31 December2023 | - | 50,690 | 50,690 | ||
| Net book value | |||||
| At31December2023 | 418,534 | 9,987 | 428,521 | ||
| At31December2022 | 418,534 | 9,480 | 428,014 |
6
SRI CHAITANYA SARASWAT CHARITABLE TRUST Notes to the Accounts
for the year ended 31 December 2022
——eeee anemone epe ee Eee Per
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|3|Unrestricted|funds|2,023|2022|
|£|£|
|At the|start|of|the|financial|year|150,157|134,560|
|Net|incoming|resources|for|the|financial|year|—__|[(2,806)]|15,597|
|At|the|end|of the|financial|year|147,351|150457|
----- End of picture text -----
4 Other information
SRI CHAITANYA SARASWAT CHARITABLE TRUST is a charitable trust and incorporated in England. Its registered office is:
466 Green Street London E13 9DB
7
SRI CHAITANYA SARASWAT CHARITABLE TRUST Detailed financial activity For the year ended 31 December 2023 This schedule does not form part of the statutory accounts
ee
| Unrestricted funds | Unrestricted funds | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Sales | ||
| Donations received | 29,816 | 36,838 |
| Cost of sales | ||
| Food distribution | 4,922 | 4,568 |
| Flowers, deityworship | 4,143 | 3,165 |
| Devotees allowances | 839 | 1,198 |
| 9,904 | 8,931 | |
| Premises costs: | ||
| Council tax and water | 1,949 | 1,787 |
| Lightand heat | 3,517 | 3,945_ |
| 5,466 | 5,732 | |
| General administrative expenses: | ||
| Telephone and internet | 1,022 | 620 |
| Stationery and printing | 123 | 176 |
| Bank charges | 125 | 119 |
| Insurance | 1,073 | 1,228 |
| Repairs and maintenance | 8,966 | 2;555 |
| Depreciation | 1,974 | —_—1,873 |
| 13,283 | —_—-6,571 | |
| Legal and professional costs: | ||
| Other legal and professional | - | 13 |
| - | 13 | |
| Totaladministrativeexpenses | 22,776 | 12,316 |
8