PANDrr RAM SAHAI SANGTh VIDYALAYA Institute of Perforniing Arts and Heritsge PANDIT RAM SAHAI SANGIT VIDYALAYA ANNUAL REPORT 2022
PANDIT RAM HA1 &4NGJT VIDYALAYA INSTITUTE OF PERFORMING ARTS AND HERITAGE Contents Particulars Legal and Administrative Information Report of the Trustees Independent Examinerfs Report Balance Sheet Statement of Financial Activities Notes forming part of the financial statements Serial No. Page io Pa8e 2 of 11
PANDrr RAM SAHAI SANGrr VIDYALAYA Instituts of Paforniing Arts and H7tsge Legal and Administrative Information Constitution and objects Pandit Ram Sahai Sangit Vidyalaya, Institute of Performing Arts and Herltage is governed by a trust deed dated 4 Janua 1989 l. Chiman Lol Patel Chair 2. Mr. DavMI Griffiths 3. Dr. Jill Scarfe 4. Ashwani Moud Dr. Fran5 Shepherd l. Mrs. Neena Sohal 2. Mr. Anjan Saha 3. Mr. Afiel Van Stratten 4. Mr. Vamshikrishna Vishnudas 5. Mr. Divyanand Caird 328062 Trustees Honorary Director Executive Advisory Panel Registered Charity Number Re8lStered Office Dominion Centre & Library, 112. The Green, Southall, UB2 48Q Dominion Centre & Library, 112. The Green, Southall, UB2 4BQ Sampath Marakkala Genf0rd. Middlesex Administration Office Independent Examlnef Banker5 Barclays Bank PIC Hounslow TW3 IDL 3èF EI
PANDIT RAM SAHAI SANGIT VIDYAIAYA INSTITLITE OF PERFORMING ARTS AND HERITAGE Report of the trustees for the year ended 31£1 March 2022 ACHIEVEMENTS IN 2021-2022 PRSSV continues to consolidate its core activities of an Examinations Board and Music. classes while developing its Heritsge funded projects. A pool of volunteers continues to Increase alon8 Wlth clientele through examinations work. tralnlng of musicians and dancers. The trustees of Pandit Ram Sahai Sangit Vidyalaya present their annual report and accounts for the year ended 31 March 2022. CONSTITUTION Pandit Ram Sahai Sangit Vidyalaya {"PRSSV'I was established in December 1987 and registered as charity on Isth February 1989. The affair5 of PR55V are managed by trustees in accordance with the trust deed dated 4th January 1989. In this financial year PRSSV has continued to make significant developments in some areas of its work and its main achievements have been as follow5.. The PR5SV Examinatlons Board PRSSV Board operates under the umbrella of the In5tltute for Performing Arts and Heritage and provide5 examinations leading to .OCN Credit4Learnin8 accredited qualifications In World Music and Dance, and In Heritage Skills. The institute currently provides its examinations both onllne and in person. The work of the Institute during thls financial year has been to continue to., • increase the number of examlnations centres. deliver robust trainin8 onllne for examlner5 and 5UPPOrt for teachers includlng Teacher Training. • develop the administration of examinatlons. • improve the marketing of all our graded certificates and diploma qUal1¢atiOn5, AIMS The aim of the charity Pandit Ram Sahai San8rt Vidyalaya I'PRSSV") is to promote high standards In the educatlon and performance primarily in Indian and other World music. dance and related art forms. PRSSV aims to educate the publlc in oral art forms and to promote collaboratlons between artists from dtfferent cultures. OBJEcfivES Pandit Ram Sahai San8lt Vldyalaya is a multi- disciplinary art5 or8anisation with its focus on providin8 a variety of activlties for all people interested in the performing Arts of the Indian su continent and in addition more recently, those conne¢ted with the Eastern Caribbean. Through a range of innovative projett5, It works to enhan the practice, understandin8 and appreciation of the music and dance of South Asia and related art forms, and provision of Graded Examinations in Steel Pan. Now in its 36 year. from its base in West London it works with organisations and artists nationally and internationally through its network of affiliated organisations. Sangeet College (SC) has a robust teachin8 programme that gives student5 a well-rounded music and dance educatlon. It has formali5ed a pro8ramme to provide advice and support for teachers communitv organisations on curriculum development and teaching. The college provides training mainly in person but has been able to increase access to a wider pool of students through holding some classes online. It Still has not been able to provide opportunitie5 for Students to perform and to accompany each other at live events. In furtherance of its aims and objectives. the PRSSV operate5 throu8h discreet member groups to provide education. trainin& examinations work. heritage projects and performances for its clients and the wider public. Pandit Ram Sahal Foundatlon (PRSF). The actlvities of PRSF suffered as a result of the Pandemic. Pa8e 4of 11
PANDIT RAM SAHAI 5ANGIT VIDYALAYA INSTITUTE OF PERFORMING ARTS AND HERITAGE Pandlt Ram Sahai Sanglt Widyal?ya (PRSSV) received a grant from the National Lottery Heritage Fund to run a project, New Horizons: Accredited training opportunities to sustain 3 legacy for World Music Heritage. Through this project PRSSV has developed partnerships with the Music Services in a number of London Boroughs and expanded its teacher training with Steel Pan. Hindustani and Carnatic musicians. enabled to continue to develop In the manner outlined above. Or8anisation A board of trustees administer5 the trust. Risk Assessment The trustees have identlfied the major risks to which the charity would be subjected to and are tsking the necessary steps to mitlgate the same. PUBLIC BENEFIT The work of the Trust promoting Indian and other oral music and dance traditions through education, training and performance generates a considerable public benefit. Firstly, its work is carried out through a variety of activities and projetts that ensure our beneficiaries are drawn from a wide range of backgrounds and ethnic 8roups. These include children and adults of all ages, members of black, Asian and other ethnic groups, refugees, people with disabllities, as well as amateurs and professional performing South Asian artists and artlsts form other disciplines and cultures. Reserves The Charity is intended to have available in unrestritted reserves four months funding in anticipation of potential future cuts. Additionally, funds will be sou8ht in order to conduct an orderly wind down of the charities, affalrs and meet any ststutory contractual Ilabllltles. Trustee< Responslbllltles In relatlon to the Flnanclal Statements Our work provldes all communitie5 Wlth many opportunities to experience and/or learn the performing arts of India. Drawing on the expertise of traditional and western trained èrti5ts and scholars, it provides different route maps into this ancient heritage. Teachers and students can develop through a Western teachin8 and examination route, or the Guru Shishya (teacher disciple) traditional way. Audiences are provided with unique high-quality experience5 that both open them to understand and appreciate the heritage a5 well as ways in which that heritage is informin8 the creative work by young upcoming artlsts. We adapt our work to a variety of contexts from the concert hall. Internatlonal fe5tlvals and community venues. It is envisaged that current rolling out of Graded Examinations, Music Award5 and specific training for 5tudent5 and teachers of World Music will be Law applicable to charitles in England and Wale5 require5 the trustees to prepare flnancial statements for each financial year which gives a true and fair view of the charitvs financlal artlwties during the year and of its financial position at the end of the year. In preparing these financial statements. the trustee5 are required to- Select suitable accountlng policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards and statements recommended practice have been followed Subject to any departure dlsclosed and explained in the financial statements; and Page 5 of 11
PANDrr RAM SAHAI SANGIT VIDYALAYA INSTITiJfE OF PERFORMING ARTS AND HERITAGE Prepare the financial statements on the on- going concern basis unless it is inappropriate to presume that the charity will continue in busine5S. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time, the financial position of the charity and enable them to ensure that the financial statements comply with Charity Act. 2011. They are also responsible for 5afe8uardlng the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees and signed on their behalf by- Chimanlal Patel- Chair Date.. 2810112023 Pa8e 6of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA IN5nTUTE OF PERFORMING ARTS AND HERITAGE Independent Examlnerfs Report to the Trustees I report on the account5 of the trust for the year ended 3151 March 2022. which are set out on page 8toll. Independent Examlnerfs Statement In connection with my examinatlon, no matter has come to my attention. Respectlve responsibilities of truttees and examiner l. Which gives me reasonable cause to believe that in any material respect the requirements: to keep accountlng records in accordance with sertion 130 of the charities att. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Att have not been met,. or The charivs trustees are responsible for the preparation of the accounts. The charivs trustees consider that èn audit is not required for this year under 5ertion 144 of the Charities Act 2011 (The Charitie5 Act) and that an Independent examination is needed. It Is my responsibility to: examine the account5 under settion 145 of the Charities Art. to follow the procedure laid d¢)wn in the general directions given by the Charity Commission {under section 14515)(b) of the Charities Actl, and to state whether matters have come to my attention. 2. To which, In my opinion, attention should be drawn in order to enable a proper understating of these accounts to be reached. I do hereby declare that I have prepared and examlned the accounts of the charitv. My examination was carried out in accordance with the general Direttions given by the Charity Commission. An Exèminatlon includes a review of the accounting records kept by the charlty and comparison of the accounts presented with those record5, It also includes consideration of any unusual items or disclosures in the accounts and seeking explanatlons from you a5 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt and consequently no opinion is given as to whether the accounts present a 'true and fair vlew, and the report is limited to those matters set out in the statement below. Sampath S Marakkala Date: 28/0112022 Page 7 of 11
PANDTh RAM SAHAI SANGfr VIDYALAYA Institute of Perforniing Arts and Heritsge Bal Sheet M at Itar¢h 31st 2022 HeadlDgs 3110312022 C•rreni Ytr- GBP 3J10312021 PI'IDI. Ye•r- GBP Fixed Assets Tanpible Fi¥edAssets Tol#1 FixedA$5et$ Al 4_595.39 4.595 39 .9.6 55 6.55 CurTetJi Asset$ Cash At atyj OD Hafyl Bl 1;.6:9 12 43.8.7 01 6:.649.66 et Current A$se15 61.456.13 Tot•1 Assrts 60.1)51.52 Charih. Funds L TLTe$trieted Income Funds Current Liabtlities DI 59.0-, 1.96 6.9". 9.S6 61.576.:1 Reslricled Income FVDJS HLF Pro'eet Fun& Total Fuad$ 66 041.%• 6S_$76.21 th Approved by the trustees on January 28 . 2022 and signed on thelr behalf by Chimanlal Patel Chair The notes on page 10 form part of this ftnancial statement E*ii
PANOIT RAM SAHAI SANGIT VIDYALAYA INsrrwTE OF PERFORMING ARTS AND HERITAGE Stllemal of Aelfvlties ForThtYMr EAd 3151 Jf•rtk 2022 3151 Mt¢l 2021 Totsl Fuids IBr¢sirtcted Fww15 Income resour¢e$ f¥omBewTthd 'olunkn' ImESlI]Ml Income Inconje Ttsouwe5 froty Chrit&leIlltl¢S Other JM¢on Te¥Ow$ ' Totl Incomuwresow I l.3W I1,3. 114,807 Si.10-:.39 179.365.] I 98.9.5 08 40.099 i4 53.16-. i9 1".9.>65 11 fhèrllable ac1111t$ Toial re3fnJTces expellthd et Resources ReconciliatioOr fut Tm$fer lo froni other fiw& 113,460. j8 ?.460 38 17i.460.38 173.460. j8 5.904 73 1?9,769 54 SJN.73 SW4.73 9J42.56 T0101 fth bTOVBhi fornrd il Tolal cerried ftsrnird al ilst Mab 49.6".0.9", 49.6JO.97 55 $74 70 39.7.8.41 49h70.97 Approved by the tnjstees on January 28th 2022 and si8ned on their behalf by Chimanlal Patel Chair Pate 9 of 11
PANDIT RAM HA1 SANGfT VIDYALAYA INsfiTufE OF PERFORMING ARTS AND HERITAGE Notes forming part of the financial statements for theyear ended 315r March 2022. Accounting Pollcies A. Accounting Conventlon The flnancialstatements have been prepared under the historical cost convention. In preparing the financial statements the charity follows best practices as laid down by the Charities Commission. 8. Fund Accounting Funds held bv the Charity are elther: Unrestricted Funds- These funds can be used in accordance with PRSSV charitable objectives at the discretion of the 8oard of trustees. Restrlcted Funds- Represents the amount committed by trustees for speclflc projects. C. Tangible Flxed Assets Fixed assets are recognlsed at purchase cost and never have been re-valued. Purchased Item Is recogni5ed as fixed a55et only if their purchase cost exceeds £5IXI and its useful experted life Is estimated to last for more than one year othenvise. they are fully expensed in the year of purchase. Fixed Assets are generally depreciated at the rate of 33% per annum or with respect to its estimated economi¢ life on the purchase cost. D. Legal Status of the Trust The trust is an association govemed by trust deed. E. Taxation No liability to UK Corporation tax arose on the ordinary activities for the year. Related Paity Tran5actlons No related parties Transactions to report thls year. G. Assets IIT Equipment. Music Equipment & Furnitures) Pa8e 10 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA INsllTUTE OF PERFORMING ARTS AND HERrfAGE Al. Fixed Assets Opening Cost B/F 26.234.30 Addisions within the year 4,044.00 Closing cost C/F 30.278.30 Opening Dep. 8/F 23,307.75 Dep Exp. within the year 2.375.16 C105in8 Dep C/F 25.682.91 NET VALUE 4 595.39 DI. PRSSV UNRESTRicfED FUNDS 5urplus/(Deficit) this year Net Resources Net Liabilities: 49,670.97 9,400.99 6.979.56 Balance Carried For¥vard: 66.051.52 Page 11 of