PANDIT RAM SAHAI SANGrr VIDYALAYA PANDIT RAM SAHAI SANGIT VIDYALAYA ANNUAL REPORT 2024
PANDIT RAM SAHAI SANGIT VIDYALAYA Contents Particulars Legal and Administrative Information Report of the Trustees Independent Examiner's Report Balance Sheet Statement of Financial Activities Notes forming part of the financial statements Serial No. Page 10 Page 2 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Legal and Administrative Information Constitution and objects Pandit Ram Sahai Sangit Vidyalaya, Institute of Performing Arts and Heritage is governed by a trust deed dated 4th January, 1989 l. Chimanlal Patel- Chair 2. Mr. David Griffiths 3. Dr. Jill Scarfe 4. Mr. Punit Hari Dr. Frances Shepherd l. Mrs. Neena Sohal 2. Mr. Anjan Saha 3. Mr. Ariel Van Stratten 4. Mr. Vamshikrishna Vishnudas 5. Mr. Divyanand Caird 328062 Trustees Honorary Director Executive Advisory Panel Registered Charity Number Registered Office Dominion Centre & Library, 112, The Green, Southall, UB2 4BQ Dominion Centre & Library, 112, The Green, Southall, UB2 4BQ Sampath Marakkala Greenford, Middlesex Administration Office Independent Examiner Bankers Barclays Bank PIC Hounslow TW3 IDL Page 3 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Report of the trustees for the year ended 31st March 2024 ACHIEVEMENTS IN 2023-2024 The trustees of Pandit Ram Sahai Sangit Vidyalaya present their annual report and accounts for the year ended 31 March 2024. PRSSV continues to consolidate its core activities of an Examinations, Heritage Projects and training of musicians and dancers. Its clientele continues to increase through its examinations work and its pool of volunteers increases through its heritage and training projects. CONSTITUTION Pandit Ram Sahai Sangit Vidyalaya I'PRSSV") was established in December 1987 and registered as a th charity on 15 February 1989. The affairs of PRSSV are managed by trustees in accordance with the th trust deed dated 4 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 follows: The PRSSV Examinations Board provides examinations leading to OCN Credit4Learning accredited qualifications in G lobal M usic and Dance, and in Heritage Skills. The Board provides its examinations both online and in person. The work of the Institute during this financial year has been to continue to: increase the number of examinations centres. deliver robust training online for examiners and support for teachers including Teacher Training. develop the administration of examinations. improve the marketing of all its graded certificates and diploma qualifications. Prepare its submission to Ofqual for recognition. Under the umbrella of the Institute for Performing Arts and Heritage, is Sangeet College and Heritage Projects. Sangeet College {SC} has a robust teaching programme that gives students a well-rounded music and dance education. It has formalised a programme to provide advice and support for teachers in community 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 provides opportunities for students to perform and to accompany each other at live events. The pandemic and the cost-of-living crises continues to affect our revenue stream and increased costs by suppliers. With the success of the National Lottery Heritage Fund funded projett: New Horizons: Accredited training opportunities to sustain a legacy for AIMS The aim of the charity Pandit Ram Sahai Sangit Vidyalaya I'PRSSV l is to promote high standards in the education and performance primarily in Indian and other Global music, dance and related art forms. PRSSV aims to educate the public in oral art forms and to promote collaborations between a rtists from different cultures. OBJECTIVES Pandit Ram sahai Sangit Vidyalaya is a multi- disciplinary arts organisation with its focus on providing a variety of activitie5 for all people interested in the performing Arts of the Indian sub- continent and in addition more recently, those connected with the Eastern Caribbean. Through a range of innovative projects, it works to enhance the practice, understanding and appreciation of the music and dance of South Asia and related art forms, and provision of Graded Examinations in Indian Music and Steel Pan. Now in its 38th year, from its base in West London it works with organisations and artlSts nationally and internationally through its network of affiliated organisations. In furtherance of its aims and objectives, PRSSV operates through discreet member groups to provide education, training, examinations work, heritage projects and performances for its clients and the wider public. Page 4 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Global Music Heritage, PRSSV continues to develop partnerships with the Music Services in a number of London Boroughs and has expanded its teacher training with Steel Pan, Hindustani and Carnatic musicians. Risk Assessment The trustees have identified the major risks to which the charity would be subjected to and are taking the necessary steps to mitigate the same. PUBLIC BENEFIT Reserves The work of the Trust promoting Indian and other oral music and dance traditions through education, training and performance generates considerable public benefit. Firstly, its work is carried out through a variety of attivities and projects that ensure our beneficiaries are drawn from a wide range of backgrounds and ethnic groups. These include children and adults of all ages, me.mbers of Black, Asian and other ethnic groups, refugees, people with disabilities, as well as amateurs and professional performing South Asian artists and artists form other discipline5 and cultures, The Charity is intended to have available in unrestricted reserves four months funding in anticipation of potential future cuts. Additionally, funds will be sought to conduct an orderly wind down of the charities, affairs and meet any statutory contractual liabilities. Trustees, Responsibilitles In relation to the Financial Statements Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial yearwhich give a true and fair view of the charitrfs financial activities during the year and of its financial position at the end of the year. In preparing these financial statements, the trustees are required to: Our work provides all communities with many opportunities to experience andlor learn the performing arts of India. Drawing on the expertise of traditional and western trained artists and scholars, it provides different route maps into this ancient heritage. Teachers and students can develop through a western teaching and examination route, or the Guru Shishya (teacher d isciplel traditiona I way. Audiences are provided with unique high-quality experiences that both open them to understand and appreciate the heritage as well as ways in which that heritage is informing the creative work by young upcoming artists. We adapt our work to a variety of contexts from the concert hall, international festivals and community venues. It is envisaged that current rolling out of Graded Examinations, Music Awards and specific training for students and teachers of Global Musics will be enabled to continue to develop in the manner outlined above. Organisation Select suitable accounting policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards and statements of recommended practice have been followed subject to any departure disclosed and explained in the financial statement. Prepare the financial statements on the on- going concern basis unless is inappropriate to presume that the charity will continue in business. A board of trustees administers the trust. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time, the financial position of the Page 5 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA charity and enable them to ensure that the financial statements comply with Charity Act, 2011. 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 irregula rities. Approved by the trustees and signed on their behalf by: Chimanlal Patel-chair Date: 18/12/2024 Page 6 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Independent Examinerfs Report to the Trustees Independent Examinerfs Statement I report on the accounts of the trust for the year ended 31st March 2024, which are set out on page 8toll. In connection with my examination, no matter has come to my attention. Respective responsibilities of trustees and examiner l. Which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the charities act. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met. or The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act. follow the procedure laid down in the general directions given by the Charity Commission (under section 145{5)Ib) of the Charities Act), and 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 examined the accounts of the charity. My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view, and the report IS limited to those matters set out in the statement below. Sampath S Marakkala Date: 18112/2024 Page 7 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Bglince Sheet #y it MArcb 31 2024 3110312VZ4 Cutreni Yer GBP 3110312023 Prlor YeNr GBP He8dfju Fixed A$$et8 Tw) ibl¢ Fivd Assets Tolal Fix¢d As$¢fg Al; 391.61 391.64 3.019.0! .1.079,01 c.ireI A¥¥d 4? 73.7.4g Zl 773,68 JJ.40Y 8) Cl0)1 Asg¢18 TolMI 61.qO6.13 61,$97,78 76.679.6q 79,74S.70 DI Uwe¥fFi¢led liKome FiirKI¥ Cl1¢11$ Liabilili¢$ 41.911,64 Reslticied It)com¢ FIN4$ HLF Projc¢i Flind$ Tol%1 Fuud8 D3 65097.78 79,758.7(P th Approved by the trustees on December 18 2024 and signed on their behalf by Chimanlal Patel Chair The notes on page 10 form part of this financial statement Pa8e 8 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Sitefft•l ofFknchl AtilMlvs ForThe Yur Eadtss 31it MYe 31s1 l¥l•r¢b ZfrZ4 31sl Lllrch 2013 Toi•l F¥trds Iiictyn¢ t¢sottr¢ yw)eraled finxls 6.1(K)00 6.100. 811.00 IIKom¢ Ft%017fC4S trttm ¢lMrrfabk Klik'sti¢b I:8.736.(p4 qI.940.48 181.4911.J: Tol81 IiiGOIIIIII8 T¢¥OItrG¢$ 140.4r)4 18 Re90111rei tAptMile¢l l(W.167.:0 169.167.:0 18.4YV6) 169.167.10 169.16Y.10 18.172 0: 176.074 1: 176.074 1. l.J16 10 -1.01411 Irsoiir¢¢ Pe11#d ¢1 Xe4fntr¢e% P.¢¢019¢sliMioft uf fiii)rt TFtll8fei' to fr(oiY [1, fimd$ 1111.47Z.61) TOIRI filTi(k ltyoitylil forn".Aid *1 l%f Ai)til TofAI fim(k. fmvvtd •r 3 161 MHJtb 11 17q.70 00.991,OQ Approved by the trustees on December 18th 2024 and signed on their behalf by Chimanlal Patel Chair Page 9 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Notes forming part of the financial statements for the year ended 31 March 2024. Accounting Policies A. Accounting Convention The financial statements 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. B. Fund Accounting Funds held by the Charity are either: Unrestricted Funds- These funds can be used in accordance with PRSSV charitable objectives at the discretion of the Board of trustees. Restricted Funds- Represents the amount committed by trustees for specific projects. C. Tan8ible Fixed Assets Fixed assets are recognised at purchase cost and never have been re-valued. Purchased item is recognised as fixed asset only if their purchase cost exceeds £500 and it5 useful expected life is estimated to last for more than one year otherwise, they are fully expensed in the year of purchase. Fixed Assets are generally depreciated at the rate of 33Yo per annum or with respect to its estimated economic life on the purchase cost. D. Legal Status of the Trust The trust is an association governed by trust deed. E. Taxation No liability to UK Corporation tax arose on the ordinary activities for the year. Related Party Transactions No related parties Transactions to report this year. G. Assets {IT Equipment, Music Equipment & Furnitures) Page 10 of 11
PANDIT RAM SAHAI SANGIT VIDYALAYA Al. Fixed Assets Openlng Cost 31A53.30 Addi$iorsg wihin the year Closin8 CO91 c/F 31,453.30 Opening Dep_n B/F 28,374.25 Dep_n Exp within the year 2,687,40 Closing Dep_n c/F 31,061.65 NETVALUE 391.65 DI. PRSSV UNRESTRICTED FUNDS Surplus / (Deficit) this year 64fl88.26 Net Resources Net Liabilities 18,572.62 19,982.14 Balance Carrled Forward , 65,897.78 Page 11 of 11