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2021-08-31-accounts

							Pages
Trustees'	annual report (incorporating			the	director's	report)	1to4
Trustees'	responsibilities statement
Independent auditor's		report to	the members				6to 9
Statement	offinancial	activities	(including		income and
expenditure account)							10
Statement	offinancial	position
Statement	ofcash flows						12
Notes to the financial		statements					13to 21

Reference	and administrative	and administrative	and administrative	details
Registered	charity	name		Bagri Foundation
Charity registration		number		1000219
Company	registration		number	02530127
Principal office and		registered		6th Floor
office				167Fleet Street
				London
				EC4A 2EA
				United Kingdom
The trustees
				The Hon. Mr A Bagri
				The Lady Bagri
				The Hon Mrs. A Bagri
				Ms Amisha Bagri
				Mrs Aditi Malhotra
Company	secretary			Mr Jasvinder Singh Kalsi
Auditor				Ferguson Maidment	&	Co.
				Chartered accountants		&statutory	auditor
				167Fleet Street
				London
				EC4A 2EA

							Period from
							1 Jul 19to
					Year to	31Aug 21	31 Aug 20
					Unrestricted
					funds	Totalfunds	Total funds
				Note		f	K
Income and	endowments
Donations				5	1,458,346	1,458,346	1,550,059
Investment	income			6	1,313,539	1,313,539	922,530
Total income					2,771,885	2,771,885	2,472,589
Expenditure
Expenditure	on raising funds:
Costs	ofgenerating	income			202,929	202,929	231,567
Expenditure	on charitable	activities		'7,8	1,076,431	1,076,431	829,025
Total expenditure					1,279,360	1,279,360	1,060,592
Net income	and net movement		in funds		1,492,525	1,492,525	1,411,997
Reconciliation offunds
Total funds	brought forward				14,621,950	14,621,950	13,209,953
Total funds	carried forward				16,114,475	16,114,475	14,621,950

	Year end	ed 31August 2	021
			2021	2020 f
Cash flows from operating	activities
Net income			1,492,525	1,411,997
Adjustments for:
Government grant income			(3,229)	(43,599)
Dividends, interest and rents	from investments		(449,787)	(565,956)
Other interest receivable and similar income			(863,752)	(355,574)
Interest payable and similar	charges			9
Accrued expenses/(income)			34,318	(39,679)
Changes/n:
Trade and other debtors			(1,641)	3,472
Trade and other creditors			402,334	(1,609)
Cash generated from operations			610,769	407,761
Interest paid				(9)
Interest received			865,674	368,791
Net cash from operating activities			1,476,443	776,543
Cash flows from investing	activities
Dividends, interest and rents	from investments		449,787	566,956
Purchases ofother investments			(691,663)	(26,400)
Net cash (used in)/from investing activities			(241,876)	540,555
Cash flows from financing	activities
Government grant income			3,229	43,899
Net cash from financing activities			3,229	43,899
Net increase in cash and cash equivalents			1,237,796	1,350,998
Cash and cash equivalents	at beginning	ofyear	8,011,371	6,650,373
Cash and cash equivalents	at end ofyear		9,249,167	8,011,371

Donations
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				6	6	6
Donations
Donations	received			1,455,117	1,455,117	1,506,160	1,506,160
Grants
Government		grant income		3,229	3,229	43,899	43,899
				1,458,346	1,458,346	1,550,059	1,550,059
Investment		income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				F		5
Income from		UK investment	properties	449,787	449,787	566,956	566,956
Bank interest receivable				863,752	863,752	355,574	355,574
				1,313,539	1,313,539	922,530	922,530
Expenditure		on charitable	activities	by fund type
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2021	Funds	2020
				5	6	5	6
Charitable	grants awarded			858,803	858,803	521,887	521,887
Support costs				217,628	217,628	307,138	307,138
				1,076,431	1,076,431	829,025	829,025

Expenditure	on charitable activitie	s by activity typ	e
		Grant funding	Support	Totalfunds	Total fund
		ofactivities	costs	2021	2020
		6	6	6	6
Charitable	grants awarded	858,803	211,628	1,070,431	821,577
Governance	costs		6,000	6,000	7,448
		858,803	217,628	1,076,431	829,025
Analysis ofsupport costs
			Analysis of
			support costs	Total 2021	Total 2020 f
Staff costs			89,279	89,279	184,989
Communications and IT			7,837	7,837	5,010
General office			3,035	3,035	23,521
Governance	costs		6,000	6,000	7,450
Advertising	and marketing		27,619	27,619	18,265
Loss/ (Gain) on foreign exchange			83,858	83,858	67,903
			217,628	217,628	307,138

Analysis ofgrants
		Period from
	Yearto	1 Jul 19to
	31Aug 21	31 Aug 20
	6	6
Grants to institutions
Culture	307,355	359,075
Education	501,500	127,000
Health	35,500	25,974
	844,355	512,049
Grants to individuals
Culture	14,448	9,838
Total grants	858,803	521,887

		Period from
	Year to	1 Jul 19to
31	Aug 21	31 Aug 20
	6,000	7,450

entity were received by the trustees (2020: ENII). No members o reimbursement ofexpenses (2020:fNil). Investments	fthe Board ofTrustees received
	Investment
	properties
	5
Cost or valuation
At 1 September 2020	6,646,867
Additions	691,663
At 31August 2021	7,338,530
Impairment
At 1 September 2020 and 31August 2021
Carrying amount
At 31August 2021	7,338,530
At 31August 2020	6,646,657

					2021	2020
	Trade	debtors			1,979
	Prepayments		and accrued income		16,624	18,546
	Other	debtors			388	726
					18,991	19,272
16.	Cash	at bank	and in	hand
					31Aug 21	31 Aug 20
						F
	Bank	deposit	accounts		8,033,853	7,796,259
	Bank	current account			1,215,148	214,946
	Cash	in hand			166	166
	Total				9,249,167	8,011,371
17.	Credltom: amounts			falling due within one year
					2021	2020
	Trade	creditors			408,940	14,296
	Accruals and deferred			income	65,967	31,648
	Social	security	and other taxes		3,305	4,104
	Other	creditors			14,001	5,512
					492,213	55,550

				2021	2020
				E	f
As at 1st July 2020					61,709
Amount	released	to incoming	resources		(61,709)
Amount	deferred	in the year		2,010
As at 31stAugust		2021		2,010

The amounts	recognised in the financi	al statements for governme	nt grants are as follo	ws:
			2021	2020 f
Recognised	in income from donations	and legacies:
Government	grants income		3,229	43,899

Unrestricted	funds
		At
		1 September			At
		2020 f	Income f	Expenditure f	31August 2021 E
General funds		14,587,264	2,771,885	(1,279,360)	16,079,789
Revaluation	reserve	34,686			34,686
		14,621,950	2,771,885	(1,279,360)	16,114,475
		At			At
		1 July 2019 f	Income	Expenditure	31August2020 f
General funds		13,175,267	2,472,589	(1,060,592)	14,587,284
Revaluation	reserve	34,886			34,888
		13,209,953	2,472,589	(1,060,592)	14,621,950

21.	Analysis ofnet a	sse	ts between funds
					Unrestricted	Total Funds
					Funds f	2021 8
	Investments				7,338,530	7,338,530
	Current assets				9,268,158	9,268,158
	Creditors less than	1	year		(492,213)	(492,213)
	Net assets				16,114,475	16,114,475
					Unrestricted	Total Funds
					Funds	2020
					E	E
	Investments				6,646,867	6,646,867
	Current assets				8,030,642	8,030,642
	Creditors less than	1	year		(55,559)	(55,559)
	Net assets				14,621,950	14,621,950
22.	Analysis ofchanges		in net debt
				At		At
				1 Sep 2020	Cash flows	31Aug 2021
					E	6
	Cash at bank and	in	hand	8,011,371	1,237,796	9,249,167