Vascroft Foundation Financial Statements For the year ended 31 March 2024 Registered Charity Number : 1105645 ## **Vascroft Foundation** ## **Contents** ||**Page**| |---|---| |Report of the trustees|1 - 3| |Independent examiner's report|4| |Income and expenditure account|5| |Balance sheet|6| |Notes to the financial statements|7| ## **Vascroft Foundation Report of the Trustees** The trustees present their annual report and unaudited financial statements for the year ended 31 March 2024 ## **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 5 ## _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 ## **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. 2 ## **Vascroft Foundation Report of the Trustees** 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. ## **Approval** These accounts were approved by the board of trustees on _____________ By Order of the Board of Trustees Ms C Vora Trustee 3 ## **Vascroft Foundation** ## **Report of the Independent Examiner to the trustees of Vascroft Foundation** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2024 ## **Respective responsibilities of trustees and examiner** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement, report and opinion** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this 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 _____________ 4 ## **Vascroft Foundation** ## **Statement of Financial Acrtivities For the year ended 31 March 2024** |**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**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
65,798
-
65,798
1,986
17,656
-
17,656
2,799| |---|---| ||**83,454**
**-**
**83,454**
**4,785**| ||135,988
-
135,988
121,968
205
205
107| ||**136,193**
**-**
**136,193**
**122,075**| ||**(52,739)**
**-**
**(52,739)**
**(117,290)**
-
-
-
-| ||**(52,739)**
**-**
**(52,739)**
**(117,290)**| ||713,274
-
713,274
830,564| ||660,535
-
660,535
713,274| 5 **Vascroft Foundation Balance Sheet As at 31 March 2024** |**Notes**
**Current assets**
Cash at bank and in hand
**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 _|660,534|**2024**
**£**
660,534
660,534
660,534
660,535
660,535
|713,274|**2023**
**£**
713,274| |---|---|---|---|---| ||660,534||713,274|| ||____________|||| |||||713,274| |||||713,274| |||||713,274| |||||713,274| |||||| 6 ## **Vascroft Foundation Notes to the Accounts For the year ended 31 March 2024** ## **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|**2024**
**£**
135,988
135,988|**2023**
**£**
121,968| |---|---|---| |||121,968| ## **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 2023
Prior year adjustments
At 1 April 2023
Loss for the year
At 31 March 2024|**Total**
**£**
713,274
-| |---|---| ||~~713,274~~
(52,739)| ||~~660,535~~| ## **6 Related party transactions and control** There was no ultimate controlling party for this period 7 ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by chandni vora using authentication code JcKjVloyZ2pRJi9FwqM= at IP address 185.25.236.210, on 2024/10/09 08:16:06 Z. chandni vora's e-mail address is: ChandniV@vascroft.com.