## **The Nagajuna Trust Trustees’ Annual Report**
**For Period** 01/04/2020 **to** 31/03/2021 **Charity Name** : The Nagajuna Trust **Registered charity number** : 1107878
## **Charity’s principal address** :
6 Villiers Court Meriden Business Park Meriden CV5 9RN
## **Names of the charity trustees who manage the charity**
|Rebecca Seddon|Chairperson|
|---|---|
|Jane Seddon|Treasurer|
|Dennis Crommentuijn-Marsh|Head of Fund Raising|
|Margaret Jones|Secretary|
|Lauren Miles|Head of IT|
## **Description of Charity’s trusts:**
Type of governing document: Trust deed How the charity is constituted: Trust Trustee selection methods: Appointed by trustees
## **Objects of the Charity:**
To relieve poverty and advance education of impoverished children in Nepal by the provision of support, financial and material assistance, particularly, but not exclusively for the Nagajuna Modern School with the object of improving their conditions of life.
## **Charity’s Policy on reserves:**
Where possible reserves will be invested in a high interest account
## **Details of any funds materially in deficit** : Nil
> **A UK registered charity no 1107878 P a g e** | **1**
**www.thenagajunatrust.org**
– **Registered address: The Nagajuna Trust 6 Villiers Court, Meriden Business Park, Meriden, CV5 9RN, The United Kingdom**
## **Performance and Achievements**
This period has been very hard. The pandemic has meant the school and hostel were closed for most of this accounting period. Children remained in their mountain villages and for those with no homes to go to, they were housed in local homes. The children in India were in lockdown for all of the accounting period though worked remotely where possible. IT equipment was procured to allow this to happen. The damage of this disruption remains to be seen but with over a year out of school and no new recruits, we know that this will have a hard effect on the children we current care for and those that we have been unable to help.
Only in mid March 2021, did the Government of Nepal allow schools and hostels to reopen. The children are so delighted to be back in their classrooms with their friends.
The long term effects on the economy of Nepal will undoubtedly be difficult. Nepal lacks the IT infrastructure of developed countries so online learning has not been the obvious solution. Similarly, the tourist industry which drives a large part of Nepal’s GDP has all but vanished and may take years to recover. This in turn has a knock on for the career prospects of our children that we support.
The developed world has largely been concerned with its own populous, but as we have seen, the pandemic does not care for borders or nationality. We have mostly been unable to raise specific funds through sponsored everts as we might usually do but our regular sponsors have been true to their belief in our cause and have continued to support and donate, despite their own circumstances and for this we are truly grateful.
We hope and pray for better things for the world and our children in the coming year.
Rebecca Seddon
> **A UK registered charity no 1107878 P a g e** | **2 www.thenagajunatrust.org**
– **Registered address: The Nagajuna Trust 6 Villiers Court, Meriden Business Park, Meriden, CV5 9RN, The United Kingdom**
## **The Year in Nepal: April 2020 – March 2021**
The school has been in lockdown since April 2020 but just in March 2021 the children have been allowed back. They are following social distancing and everyone wears a mask. They sanitise the classes twice a day and everyone took a PCR test before returning. Everyone is so pleased to be back in class.
Here are some pictures of their return to school.
> **A UK registered charity no 1107878 P a g e** | **3 www.thenagajunatrust.org**
– **Registered address: The Nagajuna Trust 6 Villiers Court, Meriden Business Park, Meriden, CV5 9RN, The United Kingdom**
> **A UK registered charity no 1107878 P a g e** | **4 www.thenagajunatrust.org**
– **Registered address: The Nagajuna Trust 6 Villiers Court, Meriden Business Park, Meriden, CV5 9RN, The United Kingdom**
> **A UK registered charity no 1107878 P a g e** | **5 www.thenagajunatrust.org**
– **Registered address: The Nagajuna Trust 6 Villiers Court, Meriden Business Park, Meriden, CV5 9RN, The United Kingdom**
> **A UK registered charity no 1107878 P a g e** | **6 www.thenagajunatrust.org**
– **Registered address: The Nagajuna Trust 6 Villiers Court, Meriden Business Park, Meriden, CV5 9RN, The United Kingdom**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
## **Rebecca Seddon**
## **Chairperson**
> **A UK registered charity no 1107878 P a g e** | **7 www.thenagajunatrust.org**
– **Registered address: The Nagajuna Trust 6 Villiers Court, Meriden Business Park, Meriden, CV5 9RN, The United Kingdom**
|**Charity Name**||**No (if any)**||
|---|---|---|---|
|**The Nagajuna Trust**||**1107878**||
|**Receipts andpayments accounts**|||**CC16a**|
|**For the period**
**from**|01/04/2020|**To**
31/03/2021||
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**24,750**
**-**
**9,066**
**-**
**-**
**-**
**-**
**-**
**33,816**
**-**
**-**
**-**
**33,816**
**17,000**
**173**
**216**
**-**
**-**
**-**
**-**
**-**
**-**
**17,389**
**-**
**-**
**-**
**17,389**
**16,427**
**-**
**45,910**
**62,337**|**Restricted**
**funds**
**to the nearest £**
**17,000**
**-**
**-**
**-**
**-**
**-**
**-**
**17,000**
**-**
**-**
**-**
**17,000**
**19,800**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**19,800**
**-**
**-**
**-**
**19,800**
**- 2,800**
**-**
**12,300**
**9,500**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**41,750**
**-**
**9,066**
**-**
**-**
**-**
**-**
**-**
**50,816**
**-**
**-**
**-**
**50,816**
**36,800**
**173**
**216**
**-**
**-**
**-**
**-**
**-**
**-**
**37,189**
**-**
**-**
**-**
**37,189**
**13,627**||**Last year**
**to the nearest £**|
|Donations and Sponsorship|**24,750**|||||**50,040**|
|Interest|**-**|||||**-**|
|Other income|**9,066**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**33,816**|||||**50,040**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**50,040**|
||||||||
|Support of Nagajuna School|**17,000**|||||**42,500**|
|Bank Transfer fees|**173**|||||**263**|
|Justgivingsubscriptions|**216**|||||**216**|
|BankingErrors|**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**17,389**|||||**42,979**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||**-**||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**42,979**|
||||||||
||**16,427**|**- 2,800**|**-**|**13,627**||**7,061**|
||**-**|**-**|**-**|**-**||**-**|
||**45,910**|**12,300**|**-**|**58,210**||**51,149**|
||**62,337**|**9,500**|**-**|**71,837**||**58,210**|
CCXX R1 accounts (SS)
23/01/2022
1
|**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**the end of the period**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**|(agree balances with receipts and payments
account(s))
**Details**
**_Total cash funds_**
**Details**
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**62,337**
**9,500**
**-**
**-**
**-**
**-**
**62,337**
**9,500**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
Rebecca Seddon|**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||Rebecca Seddon|31/12/2021|
|||||
CCXX R2 accounts (SS)
23/01/2022
2
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
|**Report to the trustees/**
**members of**
**On accounts for the year**
**ended**
**Set out on pages**
**Responsibilities and**
**basis of report**|The Nagajuna Trust|The Nagajuna Trust|The Nagajuna Trust|
|---|---|---|---|
|||||
||31 March 2021|**Charity no**
**(if any)**|1107878|
|||||
||One, below|||
||I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/03/2021.
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** I have completed my examination. I confirm that no material matters have **examiner's statement** 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.
|**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**|**Date:**||
|---|---|---|
|||22 January 2022|
||||
||Jenny Lane||
||||
||Association of Accounting Technicians (AAT)||
||||
|**Address:**|2 Woodland View, Smestow, South Staffs DY3 4PH||
|**Section B Disclosure**|||
None
**Oct 2018**
1
**IER**