Clwity Number: 1064988 SllRtMATI PUSHPA WATI LOOMBA MEMORtAL FOUNDATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
SHRIMATI PUSHPA WAT[ LOOMBA MEMORIAL FOUNDATION CONTENTS Page Trustees. report Independent auditor's report 9-11 Statsment of FI[nCIal Activtties 12 Balance Sheet 13 Notes to the fm2neial siaten)ents 14-19
SHRIMATI PL'SHPA WATI LOOMBA MEMORIAL FOUNDATION LEGAL AND ADMINISTRATIVF. INFoRlTIoN Presidart Cherie Blair CBE QC Patron-in-chief Sii Richard BrdD50n Founder and Chainnan Tnlee Lord Lootnba CBE Honourees Laura Bush H E Paul KaEame. President of Rwand Chtrfte Blair CBE QC Yoko Ono Craig Barrett Rachel Mayanja Renuka Chowdhry Raj Nooyi Patrons Joanna Lumley OBB Sir Mark Tully OBE Baroness Helena Kennedy of the Shaws QC RL Hon. Bamness Betty Boothroyd OM Baroness Jay of Paddington Rt Hon Sir Tony Baldry G1zhll Tobbell Susan Tobbell Lord Ra& MBE JP Rt Hon Patricia Hewitt Tn]stees IA)rd Loomba CBE (Chair) Shatnin Lalji Lady LMba Reeta Sarkar Roma Loomba Friends of the Loornba Foundation Mike Tobin OBE (Chair) Advisory CouDciI (UK) Lord Karan Bilimoria CBE DL {Chair) Alpesh Patel (Co-chair) Sheetsl Ka[r Rickj Kapoor Vijay Goel Mandeep Kakar ChaTnpion of the Loornba Foundation Chris Parsons
SHRIMATI PUSHPA WATI LOOMBA METrIORIAL FOUNDATION LECAL AND ADI[NISTRATIvE JNFORMATION Governing Documeth and Constitution association Foundation Deed datsj 26 Jut* 1997 as an unincoTrM)rated Charity Number 10(A988 Charity Office Loomba House 622 Western Avenue London W3 OTF Solicitors Bate4 Wells 10 Queen Street Place London EC4R IBE Auditors Goldwin8 Clwtered Accountants 75 Maygrove Road London NW6 2EG Bankets HSBC Bank plc 60 Queen Victoria St London EC4N 4T
SHIUMATI PUSHPA WATI iK)OMBA TrIF.MORL4L FOUYDATION LEeAL AND ADMtNISTRATiVE INFOKMATIO The LoombaFoundation h&s sist¢r ChaTiiies T¢gist¢r¢d in India 8nd the USA. India Te9 Lotd Loomba CBE (Chair) S.S. Dhindsa Balbir Singh KAk8r h(IF Lion An]na Oswal Haoiv Singh Veen4 Lady Loomba USA Trustses Lord Li)omba CBE {Chair) Dr. Peter Raisingh Harjiv Singh Dr N P Loomba
SHIUMATI PUSHPA WATI LOOMBA MEMORIAL FOUNDATION TRIJSTEES, REPORT FOR TKE YEAR EIIIED 31 MARCH 2021 The TnteeS present their Rep)rt and the financial s¢atetnents for theye8r ended 31 M8rch 2021. undathjn PnJfil¢ 26 June 1997: The Foundation w&8 established in the UK by Rai and Veena LtN)mbaby & charitsble TrLLSt Deed on 26 June 1997 and has sister charities Tegistered in India and the USA. The inspiration came from Raj's lat¢ mother: Shrimati Pushpa Wati LoombA who became awidow at the eaTly age of 37 and succeeded in edueating her seven chiLdren singi&handed. TheFoundationwas officially launcbed inLondon on25 MaTch 1998, in the presemce of the Primeminister. The RL Hon. Tony BlairMP, and his Ni'ife Cherie Blair. The Foundation a]so received the sUPPOrt oftbe Honourdble Prime Minister ofIndiA Shri Atal Bei]ari Vajpayee, who inaugurated the Foundation in New Delhi on31 mch 1999, by lighting a ceretnonial larnp aÉ bis resid¢nc& The ¢er¢mony was attended by Sir Rob Young GCMC, British High CoJTuni&%ioner. TheLoomba Foundation was also 01Cla11Y launched in Scotlandin 2(X)3. in theUSA in 2005. in South Afric&in 2006, in Kellya and RThanda in 2008 and in Canada in 2009. Ob ectives and Activities: The Foundation is constituied by Trust Desj and its objects and aims are to promote the welfare and education of the children of widowsy orpban¢d ¢hildr¢n and children who have lost their mothets ag a result Of natural disaster and for other auxiliary purpos¢s as the Trustees may determine. In accordance with its grant-makiDg w)licy. the FoU[atIOn currently makes grdnts to its sister charity in Indii the Shrimati Pushpa Wati Loomba Foundation, to fulfill its aforesaid aim& This sister ¢harity distributes funds to support ¢hildrenin India. The Board ofTntstees hasd¢cid¢d to incI]e empowermentofimp)verished widows in India and around the world. Cherie BlairCBE QC. wifeof the form¢rBritish Primeminister. who Icamethefj1¥t Patron of theFouDdation in 1998. agreed to become the PTvsid¢nt and officially inaugurntcd IAM)mba House in London on 8 September 2004. Over Ihc ycars, Mrs Blair EE&S continued to travel to vlDS countiies to attend the Fow)dation's events in order to raise awareness of the plight of widows attd their childTen around the world. Sir Ricljard Branson xgreed to become Patroll-iniknief in 21K14. Hehas attendedth¢Found&tion'sfiuJth?ising events in India and South Afri¢& He has also supported the Foundation by maLing an appeal on BBC Radio 4 ID 2004, and he raised over £500,000 through three 'Ch¢ lor ChildTh' appeals on Virgin Atlantic flights worldwide. International Widows Day- Flagship: The LMba Foundation launched Int¢rnalional Widows Da), whi¢h tak-es place eactL year on 23 June, to highligbt the plight of idoWS and their children all over the world and to provide a focus for effective action. The date of 23 June was chosen because it was on this day th2t Lord Loomba's mother, Shrimati Pushpa Wati L(N)mba, the inspiration for the Foundatioffj became a widow in 1954. This flagship ofthe Foundation was arutounced at the House of Lords in the UK on 26 May 2IK>5, which was followed by launches in India on 7 September 2005 aDd the USA on ?1 OctolKr 2005, respectively. The US launch was attended by His Excellency Kofi Alula Secrelary General of the Uniled Nations.
SHRtMATI PUSHPA WATI LOOMBA VI IEMORIAL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 TheLoombaFoundation is proud thatthrough itstirele&s campaignover fiveyear4 the UnStrd N#tiollgde£lared 23 June as UN International Wldows Dgy at its 65 G¢llero1 Assembly in 2010. The first UN rec(w)ised International Widows day was marked on 23rd June 2011, ai the Unid Nalions. Headquarters in New York and cbAir¢d by Madame Ban SO0 wife ofthe UN General Secreiary. His F.xcellenc.y B8nKi Moon. The second UN recogDised International Widows Day w&$ marked on23rfJune2012, at No 10 Dolg Street ID London by the Deputy Pritne Minister. RL Hoth Nick Clegg MP. and bis wtfe. Ms Miriam DteZ GollzaleL 30 JuDe 2008: The IAbomba FoundalioD became gn AssoeSate of the Department of Public Informatio (DPI) of theUDited Nations. Throughthe UnttedNationsaccredi18tiO the LoombaFoundationis committed to raisingpublic awarettess aboutthe purpose and activities of the LTnitry] Nations and issues of glolxi concerns: and especially about the pligbt of widows atMJ their children who are sufftring through poverty. illitsracy diseases su¢h as HtV/AIDS and Malari4 conflict and violence and Sla1 illjustice. 2012: The Economic And Soclal Council of the L,nll¢d recommendoj the Loomba FouDdation for Special Consultative Status in 2011 and grdnied itFn 2012."Specxal Consultative Status" is conferredupon those non-governmenlal orwdnizations that detDOll5trdfr a special u)mpetence in a selected field of concem. Thi5 designation allows the Foundation to send official repseDtiV lo participale in events and conferences atthe Unitcd Nations. Rese8r¢h aud PublicatiOll5 INVISIBLE, FORGOTTEN SUFFERERS- THE PLIGHT OF WIDOWS AROUND THE WORLD: In 2010, the Loomba Foundation published a CompTebeDsive R¢s¢arch Study Book - 'Invisible. Forgotten Sufferers: The Plight of Widows Aroundthe World,. Thefirst edition wa5 pre5entedtothe UN S¢¢ret8ry GeneraL H.E. Ban Ki MIK)n, bv ihe President of the Foundation. Cherie Blair. and Founder and Chairnian Trust¢¢. Loid Loomba CBE. The book was subsequently presfflted to the Hon'ble Prcsidwt of India and the US Secretary of Stats, Hilary Clinton. A HIDDEN CALAMTfY - THE PLIGHT OF WIDOWS: The Loomba Foundation h&8 also publAsheJJ a Ix)ok of oil and acrylic paintiDg5 htghtighting th¢ plight widows around theworld by London-bas¢d artistReets Sarkar. Entitied'A Hidden CaIamiry.' ThePlight of Widows,. the b)ok includes 17 of Re¢ta's oils and acrylic5 paintings based on Ihrc¢ key themes - South ASIA Africa and Connirt. These painting5 were exhibited At the UN H¢adquarters from 235d June to 15th July 2011 to celebrdte International Widows D&i'. The exhibition was irfftUgured by Yoko Ono. widow of Beatle John Lennon and a support¢T of th¢ Loomba Foundation. These paintiw were ¢xbibited at 10 Downing Street in London to commemorate Intsrnational wido Day in 2012. ONE MAN WALiaNG- A WALK FOR WIDOWS This book is Chris Par50ns's inspiring Story raptured ill a blog he di¢tated cvcry ¢vening of his walk and accompanied by comments from all over the WOTld and some amazing pictures-depicting his 30 x 30 Marathon Walk froni Mumbai to Bangalore to raise money for the Loomba Foundation. WORLD WIDOWS REPORT: During 2015. the Lwmba Foundation commi&sioDed Mr. Harnia Ilisto to update the research study which was published in 2010. The Loomba Foundation's World Widows R¢port 15 the only authoritative comprehensive
SHRIMATI PUSHPA WATI LOOMBA MEMOIUAL FOiINDATIO TRUSTEES, REPORT FOR THE YEAR ENTED 31 MARCH 2021 dats source aiM)utthe discrimination and injustice faced by widow5 and theirdependeJ)ts county by wunty and woi'ldwide. inforniing policy forniulation b> the United Nations and national governments. Itw2s publishedon I February. 2016. The World WidowsR¢port is publishedto coincidewiththeUN's adoption ofthe Sustainable DevelopmentGoals and provides a b&8is for reseth, ald agencie4 goven]m¢nts and othersto develop evid¢n¢e-basrAwlicy fora better world. Key findings Inelude: Th¢ affe¢led wpulation is 259m widows with 584m children worldmryd 38m widow5 live in extreme tK)verty. Since 2010therehas been asignificallt exacerbation in ¢C1Claras Inthedd1et Nortb Afri notably th¢ Syrian civil war. Worst affectedby conllirtand iosurgency are widows in AfgbaDisW JT4 Soutb Sudaffj c1 African Repub]i¢, Syri4 northeasi Nigeri& southeast Niger, west Chad north Cameroon. In SulFSohwanAfri(ath¢ wOtc0ditt0ns are faced by evicted4j abandonedwidowswith dependents and by those caught up in Ebola areas. exacerbateAI by traditi4)nal 'cle8nsxn£' rituals. Widows with only female children and child widows aged between 10 and 17 face severe discrimination in maDy developing countries. S(Kial norms aTound sexual iKhaviour remAiti Counteq)r1U¢tLve with extreme poverty as a driver of 'exchange sex, and 'survival sex. rclationships aDd poor quality heahhc8re. Widows in developed cl)trIeS are a]$0 Affected by welfare cuts and increased ins¢¢urity. Customary '¢le8nsing' rituals, where widows are required to drillk the water with whi¢h their dead husband's body has been washed and to have sex with a relattve, spread disease and violate the dignity of widows in many Sub-saharan ¢ountiies. Widows ar¢ regularly accused ofkillingtheir husbands eitherdelibethly orthrougb negle¢t- including by Irdnsmitting H]VIAIDS- in Indi4 Nepal. Papua New Guitw and Sub-SahaTan Afric& Systematic seizureofproswty and evictions by the latehwband's family remainswidespread in Angol4 Bangl¥l¢sb. Botswall Republic of Congo. DR Cimgo. Indi4 Ivory CoasL Ghan& Keny4 Lesotho, Malawi. Namibi4 Niger1 Rwalld Senegal, SwazilaniL Tanni4 Ugand& Zambia and Zimbabwe. 20th Anniversary Book Loomba Foundation published book to ¢elebrate Tts 20th 8nniveTsary, detailing twenty successful years fighting Anjusiice agait]st Thidows, on the oa$lon of our Annuai Gala Ball. Nthich held at the Dorchester Hotel in LoTMlon oll 23rd June, 2017.
SHRIMATI PLSHPA WATI LOOMBA MEMORIAL FOUNDATIOY4 TRLSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Revlew ofthe year 202012021 The year 2020-21 has been an unprecedented year. The CovKI-19 pandemic has killed manythou5ands of people and destrctyed economy all over the world. It has spared no country. Sadfy, the lockdown5 and government restrlctlons have Impacted on charities. The Loornba Foundation was no except)n. DDnatlon of sur¢al face masks durfng Aprll 2020 The Loomba Foundation donated I(J].o surgical face masks to Nlti Aayog In Ind durlng Aprfl 2020, to help flght agalnst Covld-19. The Loomba Foundation worked c105ety with HLL Lrfecare Ltd, a nodal company of the Ministry of Health and Famlly Weffare, Government of India. HLL Llfecare Lid is the main agency fDr the distributlon of the face masks and protective equipment to all regions and population suffering from Covtd-19. Lord Loomba CBE, Founder and Chalrman Trustee of the Loomba Foundation, a strong advocatefor poorand needy widows across the world, emphasised why everyone should play their part, underlinin8 that we wanted to play a small role to help the vulnerable people as the world come5 together in these difficu times. Shrl Amitsbh Kant, CEO of Nm Aayog. thanked the Loomba Foundatlon. saying, "philanthropic OTEanisatiOn5 such as yours can play a strong role in complementing thegovemment in these difficulttimes bysupportlnE us In several ways. l am e¢static with the initiative and commitment shown by the Loomba FOundatn by donatln I,00,000 surgical masks for (listributlon In cnjcial areas in India. International Wldow5 Day- 23rd June 2020 Rulslng owtsreness tsbout the pllght oAwldows onwndthe worfd Lord Loomba CBE hosted a webinarto mark UN International Widows Dayon 23rdJune 2020to ratse awareness of the impact of COVID-19 on widows worldwide and to tallforinternat*onal supportfor widow5, empowerment both financially and socially. Chairman and Founder Trustee of the Loomba Foundation sald, . latest estimates show that there are 258 million widowed women gkjbally and the current figures will be much higher especially as Covid-19 has eKaeerbated thls situation. The role of local governmentsto support thelrwelfare cannL)t be undermined, and the G20 countrie5 must find a way to help support these and grassroot efforts to help widows." Lord Loornba was joined on the panel by fomier First Lady, Mrs Cherie Blair QC CBE, President of the Loomba Foundation- Mrs Fatlma Maada Bio, Flrst Lady. Sierra Leone; M5 Simone Mensah, Vice President of the Sylvla BonEO Ondimba Foundation (Gabonl,. Mr Amttabh Kant. CEO {NTti Aayogl, Governrnent of India. Dr Peter Raj5ingh and MT Harjiv Singh. Trustees of the Loomba FOUndatn. Mrs Blair emphasised."During Covid-19, there are going to be many newlywNJowed women who will need our support as they flghtthe5e challenging tlmes, as they are still living drficult lfves in the society."
SHRILIIATI PUSHPA WAT[ LOOMBA MEVIORIAL Fou7)ATIoN TRLSTEES, REPORT FOR THE YEAR E)I)ED 31 MARCH 2021 MrAmitabh Kant. CEO Nrti Aayog. Government of India agreed. sayin& Yhe Covid-lg lockdown ha5 left widows exposed as a vulnerable group with no access to finance to 5UPWfyrttheirchildren orthemseEve5." Explaining how the Indlan government ha5 ensured financial supwrt has dlrectty reached those wldowsaffetted, he underlined, "the role Df civll 50cSeties. voluntary Bfoup5 and citizen5 is extremety Important." Mrs Fatima Maada Bio, First Lady. Sierra Leone, hi8hllghtln8the challenge5 faced In Sierra Leone, explained how dlfficult It can be for bereaved widows where cultural norm5 mean men often have up to four wives. Ms Slmone Mensah, Vice President. Sylvia Bongo Ondimba Foundation,joiningfrom Gabon, was keen to stre55, 'It Is extremely important for usto worktogether and changethe atrocious practices against widows to support human rights. Widow empowernient - UN Women's Statement of svpport for widows ahead of the day* by Under-5ecretary-General of the Unlted Natlons and Executive Director of UN Women, Phumzlle Mlambo-Ngcuka, underlined the predlcarnent wldows face bysaw"ng,'We have seen the myriad ways in which the cov-19 pandemic impacts the lives of women and men dtFferEntty. Acr055 every sphere, from heatth to the economy, securtty to social protection, the effects of the pandemlc are exacerbated for women and glris." The video of the full event can be viewed here: htt outu.be M-'doesWNwM Vlrtual Dlwall Weblnar OTr 10th November 2020 Empowerfng world wldows through dlgitolinnovatlon The Loomba Foundation organised avirtual celebration of Divtali by hostlng a webinar in London in partnership with Cambridge Wireless In London on 10th November 2020. The Cambridge Wireless innovation project will partnerwith local group5 acro55 thewodd.giving advice, support and technical expertise toempowerwKlows Sn maklng the most of thekr abllltles and Ideas. laying the groundwork for futu geMeratKJns to benefit. The webinar was attended by many dignitaries and supporters of the L(Mba Foundation, including Mr. Rohit Kumar, Indian High Commission's First Secretary IECOI, Mr. Loknath Mishra, UK CEO tsf ICICI Bank, Lord Kèran Blllmoria CBE D¥ President of CBI and Chancellor of the Blmilngham Unwer5rty, Mr.Jaideep Prabhu, Professorat the Cèmbridge Universty, Mr. Abhi Naha, CEO of CambrtdgeWirele5s. Mr. Risto Ham)a.Authorof World Widows Report, Mr. Alpesh Patel, Co-chairman of the Advisory Council of the Loomba Foundation, Ms Bee Haye5, CEOof the Cherie Blair Foundation for Women. Mr. Sunil Dahrya. EVP, Gk)balWadhwani Foundation, Mr. Paubmlshah, Managlng Dlrector of Goldman Saths, Mr. ftaj Gawerd, UK CEO of Samsung and, of course, Lord Loomb3 CBE, Founder and Chairman Trustee of the Loomba Foundation. Everyone who partlcipated inthe webinar agreed to help ihe Loomba Foundation to ernpowerwidows and their vouths through digital innovation. The event was concluded by shDwlng a musical video produced by Alok Prasad.
SHRIMATI PUSHPA WATI LOOMBA EoRIAL FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Launch of Prolect Jeeva on 8th Mar¢h 2021 Empowerlng wldws by gfvlng them need based ¢ounselNng The Loomba Foundation and Naviyoii India Foundation launched Project Jeeva to mark International Women's Day In Gurugram on March 8, 2021. ProjectJeeva- RediscoverlnKthe spirit in the Ilvèg of widows, is supported byThe Loomba Foundation, and conceptuallseil & implemented bythe Navjyoti India Foundation in association wtth the Dlstrict Legal seCes Authority, Gurugram. A survey ¢onducted by the NGO in the rural parts of Sohna Block, Gurugram revealed the dlre economie, physlcal, and mental situation of these women who have lost their husbands early in lthe. The prDjett aims to provide need-based counselling to the women and theirfamilies. frdcilitate linkages forthemto avail legal aid and varlous welfare schemes and help build their self*steem. confKlence, and Itfe skills. The project was Introduced by M5. Chandni Bedi. Dlrector of Rural Management and Trainlng Institute, Navjytsti Indla Foundation. Mr. Atul Palta, Director - Skills Training and Empowerment from The Loomba Foundatlon shared aboutthe mlssion of the Foundation and the ways 5kilL5 training and employment have eFnpowered the wldow5 not just In India but globally as well. Other panel members were Ms. Munmun Goyal,Advocatefrom D65trict Wal SeNice5Authortty, Gurugram and Mr. Suresh KumarTaneJa, Sectiun Officer. District Socialjullice Department, Gurugram at50 took part In panel dlscussion and replled to the qverles of audience. Nirmala and Angoori Devi, two young wldow5 who have been 5UPPOrted by Naviyotl Indla Foundatlon under Project Unnati, shared their success story of mnning a boutique and selling home-made spices. Mr. Hemant Kumar and Pawan Kumar. Team members of the Loomba Foundation were also present during the Launch of Jeeva Project. After a spirlted discussion and questionsfrom the aUdnce, made up of widow5 from Sohna Block, the vote of thanks was dellvered by Ms. Ujala Chaudhary, Executlve Director of Navtyotl Indla Foundation. Other Prolects:_ We have continued empowerlng impoverished widows through our partnership projett with Rotary Indla Literdcy M155ion. Csuring the year, the project has been seiiou51y hindered by the lockdowns and government restrlctions as a resuh of Covid-19 pandem in India. However, we have still managed to empower 1593 wldows in the state5 of Delhi, West Bengal, Bihar, Maharashtra and Madhya Pradesh. Future plans for 2021-22 The Loomba Foundatlon will hosta global virtualconference on 23rd June to markthe 10th Unlted Nations. International Widow5 Day. founded to take artion io address the poverty and Injustice faced by widows We ère planning our annual event at the House of Lords on 6th December, 2021, 2nd hopeto InVe Parliamentsrians from the both Houses and business kaders In the UK. We will continue wfth our empowerment projects in India and very much hope to launch a new project to empower widows in the union terrltory of JamFnu and Kashmir.
SHIUMATI PUSHPA WATI LOOMBA MEMORIAL FOUNDA TION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 Publit benefit In running the charty, the Trustees have complled with theirduty under Sertlon 17 ChaTlties Art 2011 to have regard io the public benefit guKlance published by the Charty Commi55ion. By empowering wldows and educating their children, the charity performs an enormous publlc benefrt. The activtties that the charity has carried out to achieve this have been covered in detail eadler in this reporL Statement ol Truste responslblllties The trustees are responslble for preparingtheTrustees' Report and the financial statements in accordance with appllcable law and United Klngdom AOunting Standards includln8 Financial Reporting Standard 102 rhe Financiol Reportlng Stondurdoppllcablein the UKond Republicof Ireland lijnited Kingdom General Accepted Accounting Practlcel- The law applicableto charities in England &Wale5 requiresthe trusteesto preparefinancial statementsfcr each flnancial year which glve a true and fair vmv of the state of affairs of the chartty and of the income and expenditure of the charltyforthat period. In preparing thesefinancial statements, the trustees are required to.. select suitable accounting policies and then apply them consistentty; observe the methods and principles in the Charities SORP: make Judgments and accounting estimate5 that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures dlstbsed and explained in the financial statements. and prepare the financlal statements on the going conrn basis unle55 it 15 inappropriate to presume that the charity wlll contlnue in business. Thètrustees are re5ponsiblefor malntalning properaccounting recordswhkh disck)se with reasonable accuracy at any time the financial position of the charlty and enable them to ensurethatthefinancial statements comply wlth the Charitie5Act 2011, the CharitylAccounts and Reports) Regulatlons 2CKJ8 and the provlsions of thetrust deedlconstttution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventlon and detettion of fraud and other IrgularitieS. Thetrustees are responslble forthe maintenance and integrityof the chartyand financial informatlon Included on the chartty'5 website. LeglatIon in the United Kingdom governing the preparaiion and disseminatioh of financial statements may dtfferfrom leglatiOn In otherjurisdictions.
SHRIMATI PUSHPA ATI LOOMBA MEMORIAL FOUINDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Audltor Inlormatlon In the case of each of the persons who were Trustees during the flnanclal year and We Trustees at the tlme when the Trustees, Report is approved: 50 far as the Trustee 15 aware, there is no relevant audit information Ilnformation needed by the ehariws auditors in connection with preparingthelr pOrt10f which the charl5 auditors are unaware, and each Trustee has taken all the step5 that he ought to have taken as a Trustee in order to make himself aware of èny relevant audit information and to establtsh that the charitvs audltors are aware Df that information. Approved Thi5 report wa5 approved by the Trustees on .. and signed on thelr behalf by'.- IL oeL&, 2a%1 Lord Loomba CBE Ichalrrnan Trusteel
SHIUMATI PUSHPA WATI LOOMBA MEMORIAL FOUNDATION INDEPE.NDENT ALI)ITORS) REPORT TO THE TRUSTEES OF SHRIMATI PUSIIPA WATI LOOMBA MEMORIAL FOUNDATIO Opilllon We have auditedthe financial statements of Shrimati Pushpa Wati LoombaMemorialFoundation (th¢'Charity') for the year ended 31 Morch 2021 which ¢omprise the Statetnent of Fin8ncial Activities, the Balance Sheet and notes tothe f]nan¢ial statements, including a Su[Dary ofsignificantaccoulltillg policies. The fsnancial reporting framework that hasbeen appli1 in theirprepardtionisapp]icable law andunited Ktngdom Accounting Standard4 includingFinan¢ial Rep)rting stalld 102: The Financi8] Rc]kning Stsndard opplicableintheLTK and Republlc of Ireland Ibnit¢d Kingdom Gcn¢Ta]ly Accepted Acwuniing Practice). ID our oplnlon, the fmallcial statemeDLg: "give a iThe and fair view of the state of the Charity's affairs a5 at 31 March 2021 and of Ats income and expenditure for the year then end. .have been properly prepar&1 tn acwrdance with Unit¢d Kingdom Generdlly Aepted Accounling Practice. .have been Prepared in awordance with the reqUllents of the Charities Act 2011. Bagls for opinion We conducted ouraudit in accordancewith International StaDdards onAuditing (UK) (ISAS (UK)) w)dapplic8bl¢ law. Our resp)nsAbilities under those 5tandaTds furtherdescribed intbe Auditor'srrsponsibilities forthe audit of the financial statementssection ofourreEK)rt. W¢ are indellt ofthecljarity inaccordance withtheethical requirem¢nts Ihat are relevant to our audit of the financA81 statetnents in the UK including the FRC'S Ethicai Standard and wehave fUlfLlIQrOther ethicalresponsibilitiesin a¢¢oTdan¢ewith thr]reMentS. Webelieve that th¢ audit evidence we have obtained is sufficient and appropriate to Provide a basis for our opinion. Conclusions relatlng to going concern In lluditing the fmancial statement4 we hal'e con¢lud¢d that the tn15tees' use of the goitig ¢onc¢m basis of accounting in the preparntion of the financial statements is appropriate. Based on the work we have p¢rfornie& we have noi identified Any maierial uncethties relating to ¢v¢nts or onditions thaL individu&lly or colle¢tiv¢ly. may cast significaEEt doubt on the charity's ability to continue as a going coneom for a period of at le&8t twelve months froTD when the fillanciai statements are authorised for issue. Our resp0115ibilities and the responsibilities of the directo with respect lo going concBrn described in the relevant wtions of this report. Other Informatio Th¢ trustee5 are resFM)nsible forthe otherinformatiotL The other inforniation comprises the inforniation included in thc annual report other than the fll)an¢ial slalemellts alld our auditor's report there4)n. Ow opinion on the financial statements does not cover the other inforniation a]. except to the ¢xw)t otherwi8e explicitly stated in our TepoTL we do not express any forni ofwurance conclusion therLY)n. In connection withour audit of the fanCIal statements. ourresponsibility is to read theother inforrnation iu doing so, eonsider whcthtr the other information is materiall). an1$1Stent wtth the financial statements or our knowledge obtained in the audit or otherwise ap[r3 to be MaterI]Y Misstate If we idetktify such material inconststencies or apparent material misStatemenl& w¢ ar¢ required to determine whether there is a material miSSlement in thefinancial statements OT a material misslatementoftbe other inforniatiorL 1£ based onthework we have perforniei we requiredto deterniine wheiherthere is a mateTial ttjisstatementinthe fllwicAal statements or a material misstatement of the other inforniation. IC based on the work we have perforned, we conclude iIKt there 15 a material misstatement of tbis other iDfOrnti0 we are required to rewrtth&t f4]cL We have noihtng to rewrt in this ffgard.
SHRIMATI PIJSKPA WATI LOOMBA MEMORIAL FOUNDATION INDEPENDEI%T ALl)ORs, REPORT TO THE TRUSTEES OF SHRIMATI PUSHPA WATI LOOMBA METrIORIAL FOUNDATION Mgtters on which we are reqttlred to report by ei¢¢ptkn In the light of the knowledge and understanding of the Charity and environjnent obtwned in the course of the audit, w¢ have not identified material misstatements io the Tnle¢s. Annual Report. We have nothing to report inrespect ofthe followingmatters in relationto which thecharities Act 2011 rquires us to report you if. in our opinion: •sufficient accounting records have not beeTL kepL •the financial ststements 8r¢ not in agreement with the ae¢ounting records and rethrns" or e have llot obtained Ill th¢ informf¢tion and explanation5 necessary for the purpose5 of our audiL Re5ponsibllltles of the trustees As explained morefully inthe tNstees' resEIbilItieS Statemenl thetntstees are reswnsible fortheprepArHtion of the financial statements and forbeing satisfied thattho gtveatTh and fairview, 8nd for such internal control as they deternine is necessary to enable th¢ prepaTatioD of financial sthtements that are free from rnatsrial misslatcmen¢ whether due to fraud or ¢rror. Inpreparitig the fmanrial stat¢ments.thetrustees are resible for asse55iag the Charity's ability to continue As a going Concer disclosing, &s applicable. matteys related to going concern and using the going ¢on¢ern basis of accounting unless the truste¢s either inlend to liquidate the Charity or to cease Operatio or have no realistic alternative but to do so. Our responsibiliti for the sudit of the fJll*n¢ial slatements Ourobjectives are lo obtain Ttasonable assurance aboutWhethertheflliClal state[ents as a whole arefree from rnaterial misstatetnent, wb¢th¢r due to fraud or error. and w issue all auditor's report that includes our opinion. Reasonable assurdnce is a high level of &ssuran(Y, but is a guarantee Ihat an audit conducted in cOrdanCe with ISAS (UK) will always d¢t¢ct a material MiteMent ivhen li exists. Misstatements can arise from fiaud or error and are considered material 1£ individually or in the aggregat< they rould reasonably be expect to infiu¢n¢¢ the ¢¢onomi¢ dlSionS of users tsken onthe basis ofthese financial ststanents. IrregulaTities, including frau ar¢ instances ofnon-compliaJbceivtth laws and regulattons. We design woceAlures in line with our restK>nsibilitie& outlined aknv¢. to detect ]llalerial misstatements in respect of irregularities, including fraud. The extenttowhich ourprocedures are c&pable of dete¢ting irregularities. including fraud ar¢ set out below. tn idelltifyiDg and &ssessing risks Ormateri misstatement in rw of irregularities. including fraud and non- compliance with laws and regulation4 our pnKedures included the followiDg.' We enquired of managemenL whith xftcluded obtaining and revi¢wing supporting docum¢ntstion. concerning the ¢harity's policies and pri)cedures relating to: identifying, evaluating, aDd complyingwith laws and regujatiotjsandwhetherthey were awareof an! instances of non-compliance" Detecting and responditig to the risks of fraud and whether they have knowledge of any a¢al. suspected, or ulleged fraud. The internal controls establish1 to mitigate risks lated to fraud. io
SHIUMATI PUSHPA WATI LOOMBA MEMORIAL FOUNDATION tYDEPEIDE.)T ALI. )rroRS' REPORT TO THE TRUSTEES OF SHRIMATI PUSHPA WATI IA)O,MBA MEMORL4L FOUNDATION We obtsIn an understthing ofthe envirotMn¢ntthatthechwity owates f(sIngontho$e iawsand regulations that Fiad a material effect on the financial statements. We r¢view¢d the fmanciAI statem¢nt disclosures and tested these lo supporting documentation trj assess compliance with applicable accounting 5widard. We perfornied amalj¢al pr(wJurcsto id¢ntify anyunusual Orunexted relatiODsh1psdtrnay indicate risks of material misstatement due to fraud. In addringlhe riskof fraud thmugh Management0veideOf Control wetested theoppft)priateness of Journ entries and other adjustmenty asse55sJ whether the judgements made in making accounting estimaies ar¢ indicative of a potential bi&8 and tested significant trwwctions that are ut)usual or thos¢ outside the nornia] Course of business. Use of our report This report is made Solely tothe Charitv'strustees. &5 abody. in accordancewith section 144 ofihe ChItIeS Act 2011 and the regulations m&Je under section 154 of that ACL Our audit work h&5 been undertaken so that we might state to the Charity's trustees those matter5 we are U]rto5tate to rhem in an auditor's retrf)rt and forno other purpose. To the fullesi extent pernitted by law. we do not accept or assume responsibility to anyone other t1] the Charity and the Charity's tnLSte&s as a body, for our audit WOTK for this repori or for the opinion5 we have fornied. 2811012021 GOLDWINS LtMrrED 75 Maygrove Road West Hampstead Lotkdon NW6 2EG CHARTERED ACCOUNTArffs AND REGISTERED AUDITORS
SHRIMATI PUSHPA WATI LOOMBA MEMORIAL FOUNDATION STATEMEYT OF FINANCIAL ACTlVtTJF.S FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted R¢sÉrkted fund$ fuods 2021 2ffll Total fitllds 2021 Unrestricled Restricted funds 2021 Total funds 2020 202D In¢ome from: DOtionS And Iwcleg Donations Income tsx Tecoverable Charitable ACtitieS EpOWlg widows Fundraising, event & proje¢t Investments Interest income-iJK 3344 365 11.095 I6.705 11,095 16,705 365 30.821 30,821 182,877 4291 4291 1*2.877 858 Other Ga]era] donatii)n from The Loomba Group of Companies (ThG() 21214 21214 119.167 119,167 Tot41 Inwme 29.972 360 665 Expenditure on: Charitable AttiTrryti Internationsl Widows Day Advocacy Assistallce to Widow5 Fundrnisin& event & proje¢t DonatiQll5 Publication5 (IWD & WWR) 17.853 100.(M)Q 11.375 l5,250 17J53 I,[ I lJ75 15250 27.232 27.232 120,OQO 88,995 31,746 24,095 120.000 88,995 31,746 24.095 Total eIndir¢ 78 144.478 120,000 292,068 Net {defJeitysuryius for th¢ yr 014Ji6) (114J06) 157,776 (89,179) 68,597 Trawftr between funds {1.630) 1,630 Net (deficitysurpius ID futtdg {Il4A() (1145 156.146 (87,549) 68,597 Reconctii8tion of funds: Totsl funds brought forward Total funits urrled fornrd 400334 244,388 87,549 331.937 4(M),534 Ail of the abovo results are derived frorn continuing actrvitt¢s. There wer¢ no other recogni5ed gains or lo&srs other than tlbjse Stakd abovt. Movetnents in fund5 are di10Sed ID knte 10 ts) the fuJaDcial sthtwnetyts. 12
SHRIMATI PUSHPA WATI LOOMBA MEMORIAL FOU1TION BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Current 8ssets: OIlL¢r debtors Cash at bank and in hand 903 287.450 156 405,378 288.353 405.534 Li&biliti&¥: Creditors: Amounts f&llin8 due within one year (2J25) (5,0(M)) Net Current As8¢ts 286.028 400.534 Ntt Assets 28Ql)28 400,534 The funds of the charity. Restricted Funds Unrestricted Funds io 286.028 400.534 Totsl charlty fullds 28&028 400,534 Approved by th¢ TnLStees on and signed on their hair by:_ 25th October 2021 Lord 0b$ CBE (Chainllan Trnstse) The att4¢hed notes forni part of these Financial Ststements. 13
SHRIMATI PUSHPA WATI LOOMBA mEMoRL FOUNDATION NOTES TO THE FtNANCIAL STATF.ME)TS FOR THE YEAR ENDED 31 MARCH 2021 4) Ba$15 of Fnparntlo The financial SteerttshdvtiwIpp8rtyJ iti &CoTdancewithA¢¢ountingatRew>rtill8by Charities: stat¢ of Recommended Practice applicable to cbaritie5 preparing their arwutts accordanc¢ with the Finan¢i41 Reporting Standardapplirablein theUKatLdRepublieof Ireland (FRS 102) (effecti l January 2015)- (Charitits SORPFRS 102). Ass6ts and liabilitiesatt initially r¢¢ognis¢d hiStOriCalr>5tortThnsIonVR1UCunles5Othern¥1se stated in tbe relevant ¥(x>unting rA)licy or note. b) Public benefit entity The charitable cornpally me&sthe definition of a publA¢ b¢fil ethtity under FRS 102. e) Goillg Concern The trusteeg LK)Dsidw th th¢r¢ ar¢ no material e¢ma]ntieS alul the clwitthl¢ obility to ethjtinue as a going concern. Key judgements that the charity hAs made whkch havc a si8nifEcanl effect on the accouDt5 includ£ e&1Mlngthe liability from multi-yeargraDt commttments.The thist¢es(bnotconsiderthatthucareany 50urccsof estimatiDth unccknty at the re[rtIng date have a significant risk of ]ng & rnaterial adjustsneTht to the aThying amounts of aets and liabilities within th¢next np)rtill8 puiod. d) Income Incollle is recognisvj when the ¢hority has ¢tlement to the fund& any Frf0nanCe conditiotys atta¢h¢d to the incomehave been met. it isprobablethatthe incomewill b¢recrivd audthatthe atnount can bemwured reliably. Inc0e from gOVment and other grants, wbether 'c4)itsl' 8raDts or'revenuc. gr8nts, is tttognised wh¢n the harity has entitlementtothe nds, anyperfomian¢e CQILdItso attathedto the gr4nts havebeenmet,Tt is probable that the i#wm¢ will bE te1VEd th¢ aOUnt can k m¢asured liab and is not deferred. For l¢wies, eniitlemcnt IStak astherI1¢rofthe dateonwbich either: the Gbarity 15 awar¢thatprobateha5FKen granted, the becn finalised and notifiLXtiOD h&$ beeJJ rn¢ by th¢ ¢xecutorf5) to the charity tIt a distrib10Th will bexjade. or adistributKll is re(%ivcd from the estth. Relxiptofalegw, ID wknl¢ orin par( is only considered probable when the amount can be measured reliabty and the ¢harity bas been notified of the executOtr'5 ittt¢nti¢)n to mak¢ a di5tributiOD. Wher¢ IEgacffies have beennotifiedtothe charity orth¢ charity is aware ofthe grantingof probatr, aDdthe criteriafor incotnerecogllition have noi beetj Jn¢L thenthe legacy is atr¢ated&sa conlingeE)t a5S¢t and disclosed if material. kncome received in advan¢¢ of the pn)vision of a Specifi 5crvice Is d¢f¢Tred until the triteria for inCot re£[(>D are m¢L e) DoNtwns of gifts yervicey and faditses tknnated profassional services and donated faciltiiw ar¢re¢oonised income wlJenth¢£harityhas control overthe item or reeeived the s¢rvi¢¢, any conditions a59)¢ied wth the donation have been met, the receiptof economic benefit from the u* by th¢ charity vf th¢ itrm 15 pTh>bable and that ecoDOmiC ben¢fii ¢an bemeosur¢d reliably. ID &rdance wiih the Charities SORP (FRS 102).. vohiDtecr time is not recogwsed so refer to trusttts, annual report fOrore ithrmatioll aknuttheÉrcontrlbutio On elp (knial gifts, professional services and donated facilities arereco8Triscdonthcbasisofthcvaiucofthcgift thecharity iYhi¢h is th6amoUutthtchltyWoUIdhavc been willing to pay to obtaitt seThi¢&s or factliues of equivalellt OnoMIC Iefit on the open market. a corresw)nding atnount is then recogni5ed in cKputdtbc t]J the period of rec¢ipt. Q Ixtsrest rtteivable Interest on fiLDds beld on dqK)5it 15 ifKluded when receivable and the arU1 can be measu0 liablY by the ch&rity: this is nOrnllY notifi¢ation of the interest paid OT payable by the bank 14
SHIUMATI PiISHPA WATI LOOMBA MEMORIAL FOUNDATION NOTES TO THE FINAISCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accoun Polieies g) Fund Accountillg Restricted funds are to be u5¢d fj)r SEIfiC purpx¢s as laid th)wn by the donor. Expenditllrts which neets th&8¢ criteria is charged to the fvnd. UDrestri¢ted funds are donatiOD5 and otber Én¢omillg resou Tectiv or 8enErat¢d fortbe charitabl¢ pury4)s¢s. DesÈgJTrated ffijnds are utireslricted fullds wmaknd by the trustees for particular puryrf)ses. h) Expendtture And irrecovernble Tr'AT Expenditure i5 recognised once there is a lega] orcon5tructtve obligation to tnake a payment to a thi party, it is probable settlement will be re44UiTed at¥J the smountoftheobligation can be measured reliably. Exr£ndRtt]re is I&]fi¢d underthe following activity beadings.. Costs of rdlsing funds relate to th¢ Msts in01ne by the charity in inducing third partses ro make voluntary ¢untributioDs to IL as well as the $t of any *tiviti£s with a fimdTaising purpose EKpenditure on ¢h•itsble amities in¢lud¢sthe costsofdelivtting sovi(ts uDdutsko]tofiutherthepunyoses ofth¢ charity alld their asSaei2ted SUprt costs Other eXpditUte rwre5¢nts those items not falling into any othcrheading JTrecoveJabl¢ VAT is ¢h#rged as a Lt against the actii4ty forwhich the eXpdItre incurre i) Ailoutlort of $vpp)rt Costs R¢80urces expended2re alloLXted tothep8rti¢ularactivity wherethecostrelat¢s dtreetly to thata¢tlty. However. the c05tof over[ dIrlson and admintstrationofeach 8Ltivity', comprising the5taffcosts and ovetheAd costs of the central fi]n¢t10 is apportioned betweeo raising fiS and charitwble a¢tivtti&%. J) D¢btors Trade and otherdebtors arErrrogDisBd atthe settlement amountthafterlly tradediswuntoffettd. Prepayments vatued at th¢ amount pr¢patd netof any trade dR5L¥jut due. k) Cash At blnk attd hAnd Cash at bank and cash in hand includ£s cagh and slhmtem)htghly ]iquid investments wth a Short maturityofthree moothsor Itss fro the dateof a¢quisitionoropahing ofthedeFrf)Sitor similarac(thnL Cath balan¢¢$¢lude any fimds beld on behalf of 5ervi¢¥ u8¢rs. l) Creditors and provision5 Crditors and proYisiott$ are rQgnIsed where the charifv has a presetrtobligation Tesulting from a past eventthat will pn)bably Yes51 in tbe transfer of thnds to a third party and the amount due to settle the obligation can bt measured or estimated reliabty. Crnlitorn alld proyisiolls are norndly rtta)gThi5Ed at th¢ir settlement amount after alknwtjg for any trade discounts due. m) Pensions Th¢ ChArity h&8 M pmsion liabÈlttiCS. 15
SHRIMATI PUSHPA WATI LOOMBA MEMORIAL FOUNDATION NOTES TO THE FIIANCIAL STA TLMESryS FOR THE YEAR ENDED 31 MARCH 2021 I Income from ehAritsblt adiyities 2021 2020 Restrithd d Empowering widows- Lions Clubs ]nternatioDRI Others 30.821 Unrestricted Fundraising, event & proje¢t 4.291 182,877 4,291 213.698 3. Investment Incorne 2021 2020 tnterest Teceivabl&- (within the UK) 858 858 4. Gen¢rnl Donation" 2021 2020 The Loollkba Group of Companies (rEG() 21.214 119,167 *See note I I r¢gardiug amounts included which are from related partie& 16
5HRIMATI PUSMPAWAYJ LOOMBA41ÉAIORIALtyOUNDATION-NOTESTOTHF. FINANCIAL5fATEMENtSFOPTHEVEAR Ef4DED3I MARCH102J 5Prt CMt¥ Supp& ¢01 Alk¢OfC¥ Fyndr•ui DO1 WidThsD DortkI AdrtI¥¢¢I wobs1tedSottSj 050 16W) )Book TWD 14.1 565 SrShIp 709 520 769 Trtyellin Printin¥, TelophwJnleTh Sub5cnO Sundry l.XPEn4R5 288 $92 40 'rrqthnwk Into 203 454 322 454 78940 5DpPurt¢tj 19JZ 75 I4DJ12 SlJ27 tmAli Shpa IV¥1 mT51 ChcnrBJ[FthIDfOrw0nj IIILM. wtyectsftstNl&thyttPrth5h 1201 3q046 IQM46 TheaIN TunKNrChthty Oxfoi¢ UnLvgriity I)r•TrtT 250 IIS2SO JW471 27
SHRtMATI PUSHPA WATI LOOMBA MEMORIAL FOUNDATION NOTES TO THE FINLNCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2021 6. Trustee59 Remuneratioll and Expens None of the trustees (or anv persons comiected with them) receiv1 any remuneTtition or were reimbursed expenses during the vear (2020-Nil). 7. Stsff Costs 2021 2020 1,125 1,125 8. Debtors 2021 2020 Interest receivable Inwm¢ tax re¢overable 858 45 156 903 156 9. Creditor5 Amoullts falliDg due ithin olle year 2021 2020 Accru8ls 2.325 2J25 18
SIiRtMATI PUSHPA WATI LOOVIBA MEMORIAL VOUNDATtON NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH2021 10. Movements Ill fullds Restrtetwl Lnrestri¢ted Fund Fulld Totsl Balance at 31 March 2020 Incoming resources Outgoing resources Tra[fer between funds 4(MJ.534 4(X),534 29.972 29,972 {144.478) (144.478) Balan¢e It 31 Mr¢h 2021 286,028 286,028 l i. ReJted Parties Lord Raj L(KJmba CBE, a tnistee of the charity. is also Chaiman of The l.oomba Group of Companies (TLGOC). During the year, TI,GOC provided financial a&sistance to the ch&Tiry of £21.214 (2020- £119,167). 12. Flnanelal ttlmmithients At the balaoce sheet the. the clwity no future flnancial commiknent5. (2020: £Nil). 19