Vascroft Foundation Financial Statements For the year ended 31 March 2022 Registered Charity Number : 1105645 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 ## **Vascroft Foundation** ## **Contents** ||**Page**| |---|---| |Report of the trustees|1 - 3| |Independent examiner's report|4 - 5| |Income and expenditure account|6| |Balance sheet|7| |Notes to the financial statements|8| Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 ## **Vascroft Foundation Report of the Trustees** The trustees present their annual report and unaudited financial statements for the year ended 31 March 2022 ## **Objectives and Activities** ## _Objectives and aims_ The Charity was set up for such purpose that are charitable according to the law of England and Wales for the benefit of the public, in particular but not exclusively through provision of financial assistance to other charitable bodies and raise funds for attainment of its aims in the furtherance of charitable objects. ## _Public benefit statement_ In setting the charity objectives, the trustees have paid due regard to Public Benefit guidance published by the Charity Commission. ## **Achievments and Performance** ## _Summary of policies adopted to achieve the main aim_ The charity received funding from donors. During the year the charity provided grants to a number of other registered charities to further their charitable aims. ## **Financial Review** ## _Financial results_ The detailed results are shown on page 6 ## _Reserves_ The present level of reserves are adequate to support the continuation of provision of grants to charities and the trustees consider the financial position to be satisfactory ## _Risk management_ The trustees actively review the major risks, which the charity faces, on a regular basis and believe that the controls over the key financial system will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. ## **Structure, Governance and Management** ## _Legal and administrative information_ Vascroft Foundation is a UK registered charity. The Charity is an unincorporated association governed by a trust deed. Eligibility for membership of the charity, and membership of the board of trustees is governed by the trust deed.There are no restrictions in the governing document on the operation of the charity or on its investment powers , other than those imposed by general charity law ## _Recruitment and appointment of Trustees_ The Board has the power to appoint additional trustees as it considers fit to do so. 1 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 ## **Vascroft Foundation Report of the Trustees** ## **Reference and Administrative details** |_Charity Name._|Vascroft Foundation| |---|---| |_Registered Charity No._|1105645| |_Principal place of business_|Vascroft Estates| ||861 coronatio| ||NW10 7PT| |_Trustees_|S K Vekaria| ||P A Vekaria| ||M S Vekaria| ||C Vora| ||K A Vekaria| ||D Vekaria| ||H Vekaria| |_Accountants_|Hanberry & Co| ||Chartered Certified Accountants| ||20 Peterborough Road| ||Middlesex HA1 2BQ| ## **Post balance sheet events** There were no post balance sheet events to report. ## **Statement of Trustees' Responsibilities** The Charities Act requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :- - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. - state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material - departures disclosed and explained in the financial statements; The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act. 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 irregularities. The trustees are also responsible for the contents of the trustees' report, and the responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements. 2 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 21 / 11 / 2022 ## **Vascroft Foundation Report of the Trustees** ## **Approval** These accounts were approved by the board of trustees on _____________ By Order of the Board of Trustees Ms C Vora Trustee 3 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 ## **Vascroft Foundation** ## **Report of the Independent Examiner to the trustees of Vascroft Foundation** I report on the financial statements of the Charity for the year ended 31st March 2022 which have been prepared on accrual basis. ## **Respective responsibilities of trustees and examiner** As described on pages 1-3, the Charity's trustees are responsible for the preparation of the accounts. The trustees are satisfied that the audit requirement of Section 144(1)) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the accounts be subject to independent examination. Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:- a) examine the accounts under section 145 of the Act; b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5))(b) of the Act; and; c) to state whether particular matters have come to my attention. ## **Basis of opinion and scope of work undertaken** I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent 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 such matters. The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the accounts, and in particular, I express no opinion as to whether the accounts give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below. I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters. 4 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 ## **Vascroft Foundation** ## **Independent Examiner's Statement, report and opinion** Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , I can confirm that this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that section which are applicable; and that, no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements (i) to keep accounting records in accordance with section 130 of the Act; (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act ; have not been met; or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached; Mr S Hirani FCCA Hanberry & Co Chartered Certified Accountants 20 Peterborough Road Harrow Middlesex HA1 2BQ 21 / 11 / 2022 _____________ 5 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 ## **Vascroft Foundation** ## **Statement of Financial Acrtivities For the year ended 31 March 2022** |**Incoming resources**
Donations and gift aid received
**Total Incoming resources**
**Resources expended**
Bank charges
**Total resources expended**
**Transfers to/(from) funds**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
Bank Interest received
Donations to charities
**Net (outgoings)/Incoming resources before**
**transfers**|**Unrestricted**
**Restricted**
**Total**
**Last Year**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
509,385
-
509,385
8,100
1,286
-
1,286
3,055| |---|---| ||**510,671**
**-**
**510,671**
**11,155**| ||84,717
-
84,717
369,700
120
120
85| ||**84,837**
**-**
**84,837**
**369,785**| ||**425,834**
**-**
**425,834**
**(358,630)**
-
-
-
-| ||**425,834**
**-**
**425,834**
**(358,630)**| ||404,730
-
404,730
442,312| ||830,564
-
830,564
83,682| 6 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 **Vascroft Foundation Balance Sheet As at 31 March 2022** |**Notes**
**Current assets**
Cash at bank and in hand
830,564
830,564
**Net current assets**
**Total assets less current**
**liabilities**
**Net assets**
**The funds of the charity**
General unrestricted income
funds
5
**Total funds**
Ms C Vora
Director
Approved by the board of trustees on _____________
21 / 11 / 2022|830,564|**2022**
**£**
830,564
830,564
830,564
830,564
830,564
|406,174|**2021**
**£**
406,174| |---|---|---|---|---| ||830,564||406,174|| |||||| |||||406,174| |||||406,174| |||||404,730| |||||404,730| |||||| 7 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 ## **Vascroft Foundation Notes to the Accounts For the year ended 31 March 2022** ## **1 Accounting policies** ## _Statement of compliance_ The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) — (Charities SORP (FRS 102) and with the Financial Reporting Standard applicable in the UK and Republic of Ireland) (FRS 102). ## _Accounting convention_ The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards, the Charities Act and the Statement of Recommended Practice on Accounting and Reporting by Charities: The Charities SORP (FRS 102). ## _Going concern_ There are no material uncertainties about the charity's ability to continue. ## _Incoming Resources_ Funding is recognised as income in the period in which it is receivable ## _Resources Expended_ Expenses are accounted for in the period they are incurred. |**2**
**Charitable Activities**
Donations to charities|**2022**
**£**
84,717
84,717|**2021**
**£**
369,700| |---|---|---| |||369,700| ## **3 Employees' remuneration** The charity has no employees other than the trustees during the year. ## **4 Trustees remuneration and expenses** No remuneration was paid or payable for the year, directly or indirectly, out of the funds of the charity to any trustee or to any person or persons known to be connected with any of them. No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the year ## **5 Unrestricted Funds — Reconciliation** |**Unrestricted Funds — Reconciliation**
At 1 April 2021
Prior year adjustments
At 1 April 2021
Profit for the year
At 31 March 2022|**Total**
**£**
404,730
-| |---|---| ||404,730
425,834| ||830,564| - **6 Related party transactions and control** There was no ultimate controlling party for this period 8 Doc ID: f9c52fd79ddcd5d307540e2f72e886d4584765d3 Audit trail TITLE Vascroft Foundation - 2022 Accounts FILE NAME Vascroft Foundation 2022 Accounts.pdf DOCUMENT ID f9c52fd79ddcd5d307540e2f72e886d4584765d3 AUDIT TRAIL DATE FORMAT DD / MM / YYYY STATUS Signed **18 / 11 / 2022** Sent for signature to Chandni Vora (chandniv@vascroft.com) 14:25:20 UTC and Suresh Hirani (suresh@hanberry.co.uk) from documents@hanberry.co.uk IP: 62.30.69.11 **21 / 11 / 2022** Viewed by Chandni Vora (chandniv@vascroft.com) 17:44:05 UTC IP: 86.137.208.231 **21 / 11 / 2022** Signed by Chandni Vora (chandniv@vascroft.com) 17:44:44 UTC IP: 86.137.208.231 **21 / 11 / 2022** Viewed by Suresh Hirani (suresh@hanberry.co.uk) 18:18:41 UTC IP: 79.67.182.88 **21 / 11 / 2022** Signed by Suresh Hirani (suresh@hanberry.co.uk) 18:19:10 UTC IP: 79.67.182.88 **21 / 11 / 2022** The document has been completed. 18:19:10 UTC