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||||||Pages|
|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||the|director's|report)|1to4|
|Trustees'
responsibilities
statement||||||
|Independent
auditor's|report to the members||||6to9|
|Statement offinancial|activities (including||income and|||
|expenditure
account)|||||10|
|Statement offinancial|position|||||
|Statement ofcash flows|||||12|
|Notes to the financial|statements||||13to 21|
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|Reference|and admi|nistrative
d|nistrative
d|etails||||
|---|---|---|---|---|---|---|---|
|Registered|charity|name||Bagri Foundation||||
|Charity registration||number||1000219||||
|Company|registration||number|02530127||||
|Principal office and||registered||25-27 Lome Close||||
|office||||London||||
|||||NW8 7JJ||||
|||||United
Kingdom||||
|The trustees||||The Hon. Mr A Bagri||||
|||||The Lady Bagri||||
|||||The Hon Mrs. A Bagri||||
|||||Ms Amisha
Bagri||||
|||||Mrs Aditi Malhotrs||||
|Company|secretary|||Mr Jasvinder
Singh|Kalsi|||
|Auditor||||Ferguson
Maidment|&|Co.||
|||||Chartered
accountants||8 statutory|auditor|
|||||167Fleet Street||||
|||||London||||
|||||EC4A 2EA||||
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|||||2022|2022|2021|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Totalfunds|Total funds|
||||Note|8|8|K|
|Income and|endowments||||||
|Donations|||5|||1,458,346|
|Investment|income||6|(144,896)|(144,896)|1,313,539|
|Total income||||(144,896)|(144,896)|2,771,885|
|Expenditure|||||||
|Expenditure|on raising funds:||||||
|Costs|ofgenerating|income||254,883|254,883|202,929|
|Expenditure|on charitable|activities|7,8|220,750|220,750|1,076,431|
|Total expenditure||||475,633|475,633|1,279,360|
|Net (expenditure)/income||and net movement|in funds|(620,529)|(620,529)|1,492,525|
|Reconciliation
offunds|||||||
|Total funds|brought
forward|||16,114,475|16,114,475|14,621,950|
|Total funds|carried forward|||15,493,946|15,493,946|16,114,475|
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||Year end|ed 31August 20|22||
|---|---|---|---|---|
||||2022|2021|
|Cash flows from operating|activities||||
|Net (expenditure)/income|||(620,529)|1,492,525|
|Adjustments
for.|||||
|Government
grant income
Dividends,
interest and rents|from investments||151,303|(3,229)
(1,300,264)|
|Other interest receivable
and
Accrued expenses|similar income||(6,407)
444|(13,275)
34,319|
|Changes/n:
Trade and other debtors|||(14,125)|(1,641)|
|Trade and other creditors|||(385,412)|402,334|
|Cash generated
from operations|||(874,726)|610,769|
|Interest received|||7,250|15,197|
|Net cash (used in)/from
operating
activities|||(867,476)|625,966|
|Cash flows from investing|activities||||
|Dividends,
interest and rents|from investments||(151,303)|1,300,264|
|Purchases
ofother investments|||(533,495)|(691,663)|
|Net cash (used in)/from
investing
activities|||(684,798)|608,601|
|Cash flows from financing|activities||||
|Government
grant income||||3,229|
|Net cash from financing
activities||||3,229|
|Net (decrease)/increase
in
Cash and cash equivalents|cash and cash
at beginning|equivalents
ofyear|(1,552,274)
9,249,167|1,237,796
8,011,371|
|Cash and cash equivalents|at end ofyear||7,696,893|9,249,167|
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|Donations||||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
||||Funds
f||2022|Funds|2021
k|
|Donations||||||||
|Donations|received|||||1,455,117|1,455,117|
|Grants||||||||
|Government|grant|income||||3,229|3,229|
|||||||1,458,346|1,458,346|
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|nvestment
income||||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|||k||5|8|
|Income from UK investment
Gains/ (losses) from other
Bank interest receivable|properties
investments|495,150
(646,453)
6,407|495,150
(646,453)
6,407|449,787
850,477
13,275|449,787
850,477
13,275|
|||(144,896)|(144,896)|1,313,539|1,313,539|
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|Expenditur|e
on charitable
activi|ties by fund type||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|||||8||
|Chadtable
grants awarded
Support costs||915,614
(694,864)|915,614
(694,864)|858,803
217,628|858,803
217,628|
|||220,750|220,750|1,076,431|1,076,431|
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|8.|Expenditure|on charitable
activ|ities by activity type||||
|---|---|---|---|---|---|---|
||||Grant funding|Support|Total funds|Total fund|
||||ofactivities|costs|2022|2021|
||||5|6||8|
||Charitable
grants awarded
Governance
costs||915,614|(703,264)
8,400|212,350
8,400|1,070,431
6,000|
||||915,614|(694,864)|220,750|1,076,431|
|9.|Analysis of|support costs|||||
|||||Analysis
of|||
|||||support costs
6|Total 2022|Total 2021
8|
||Staff costs|||100,452|100,452|89,279|
||Communications
and IT|||5,974|5,974|7,837|
||General office|||18,307|18,307|3,035|
||Governance|costs||8,400|8,400|6,000|
||Advertising|and marketing||28,448|28,448|27,619|
||(Gain)l Loss on foreign exchange|||(856,445)|(856,445)|83,858|
|||||(694,864)|(694,864)|217,628|
|10.|Analysis of|grants|||||
||||||2022|2021
f|
||Grants to institutions||||||
||Culture||||360,430|307,355|
||Education||||547,000|501,500|
||Health||||2,800|35,500|
||||||910,230|844,355|
||Grants to individuals||||||
||Culture||||5,384|14,448|
||Total grants||||915,614|858,803|
|11.|Auditors
remuneration||||||
||||||2022|2021|
||Fees payable for the audit ofthe||financial statements||6,300|6,000|
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|Investments||
|---|---|
||Investment|
||properties|
||8|
|Cost or valuation||
|At 1 September 2021
Additions|7,338,530
533,495|
|At 31August 2022|7,872,025|
|Impairment||
|At 1September 2021 and 31August 2022||
|Carrying
amount
At 31August 2022|7,872,025|
|At 31 August 2021|7,336,530|
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|15.|Debtors||||||
|---|---|---|---|---|---|---|
||||||2022
f|2021|
||Trade debtors||||76|1,979|
||Prepsyments
and
Other debtors|accrued income|||31,853
344|16,624
388|
||||||32,273|18,991|
|16.|Cash at bank and|in|hand||||
||||||2022
f|2021|
||Bank deposit accounts and other investments
Bank current account||||7,530,487
166,240|8,033,853
1,215,148|
||Cashin
hand||||166|168|
||Total||||7,696,893|9,249,167|
|17.|Creditors: amounts||falling due within one year||||
||||||2022|2021|
||||||f||
||Trade creditors||||32,533|408,940|
||Accruals and deferred||income||66,411|65,967|
||Social security and other taxes
Other creditors||||4,481
3,820|3,305
14,001|
||||||107,245|492,213|
||Deferred Income||||||
||||||2022
f|2021
f|
||As at 1stSeptember||2021||2,010||
||Amount released
Amount deferred|to incoming
in the year||resources|(2,010)
2,160|2,010|
||As at 31stAugust|2022|||2,160|2,010|
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|19.|Government|grants||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||The amounts|recognised|in the financial||statements
for||government|grants are as follows:||||
||||||||||2022||2021|
||||||||||8||6|
||Recognised|in income from donations||and legacies:||||||||
||Government|grants income|||||||||3,229|
|20.|Analysis of|charitable|funds|||||||||
||unrestricted|funds||||||||||
|||||||At|||||At|
||||||1|September||||31August||
|||||||2021|Income||Expenditure||2022|
|||||||E|||||6|
||General funds|||||16,079,789|(144,896)||(475,633)|15,459,260||
||Revaluation|reserve||||34,686|||||34,686|
|||||||16,114,475|(144,896)||(475,633)|15,493,946||
|||||||At|||||At|
||||||1|September||||31|August|
|||||||2020
6|Income
5||Expenditure
f||2021|
||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||
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|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2022|
|||5|6|
|Investments||7,872,025|7,872,025|
|Current assets||7,729,165|7,729,165|
|Creditors less than|1 year|(107,244)|(107,244)|
|Net assets||15,493,946|15,493,946|
|||Unrestricted|Total Funds|
|||Funds|2021|
|||6|F|
|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|
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|||Year ended 3|1August|2022||||
|---|---|---|---|---|---|---|---|
|22.|Analysis ofchanges|in net debt||||||
|||||At||At||
||||1|Sep 2021|Cash flows|31Aug|2022|
|||||E|E||E|
||Cash at bank and in|hand||9,249,167|(1,552,274)|7,696,693||