## **The Nagajuna Trust Trustees’ Annual Report**
**For Period** 01/04/2024 **to** 31/03/2025 **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|
## **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**
During the year ended 31 March 2025, The Nagajuna Trust continued its core purpose of supporting the education, welfare and wellbeing of vulnerable children in Nepal. The commitment of the Nagajuna Moden school’s staff, and the optimism and resilience shown by the children themselves, remain deeply inspiring to the trustees.
Nepal continues to face significant economic challenges. Rising inflation, increased fuel and food costs, and ongoing political instability have placed additional strain on families and educational institutions alike. These pressures disproportionately affect vulnerable children, making the stability offered by Nagajuna Modern School ever more vital. Despite these conditions, the school has continued to provide a safe, structured and nurturing environment for its students.
Throughout the year, trustees maintained regular oversight of finances and governance. Funds were transferred in a timely manner to support the school’s running costs, and expenditure was monitored closely to ensure charitable funds were applied fully in line with our objectives. This year we sadly lost one of a long term and most generous sponsors. His support alone has provided a tertiary education to over 30 kids. It has proved difficult to replace this money so meanwhile, we have committed to support those children already in tertiary training to complete their courses. However, unless we can find a replacement sponsor specifically for this funding, the Trustees have concluded that our first priority it to the Nagajuna Modern School itself.
We are extremely grateful to our regular sponsors, grant-making trusts and individual donors whose generosity enables the school to continue operating effectively. Their continued support provides children not only with education, but with security, nourishment and hope for the future.
Rebecca Seddon
Chairperson
> **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 2024 – March 2025**
During the reporting period, Nagajuna School delivered a broad programme of academic learning, cultural celebration and pastoral care.
Children worked diligently toward their annual examinations, demonstrating determination and perseverance throughout the academic year. Achievement and effort were recognised through annual examinations and prize distribution, reinforcing the value of consistent study and resilience.
Cultural and community celebrations played an important role in school life. Tibetan New Year (Losar) was marked with traditional dress, food, music and dance, strengthening cultural identity and intergenerational learning among the children. Teachers’ Day provided an opportunity for students to express gratitude and appreciation for staff dedication, further reinforcing positive relationships within the school community.
Children’s Day was celebrated with games, performances and shared activities, fostering joy, confidence and inclusion. Events such as spelling contests and quiz competitions encouraged academic development alongside teamwork and self-belief, promoting healthy competition and engagement across age groups.
An annual school picnic provided a valuable opportunity for relaxation and social bonding outside the classroom. Recreational activities and shared meals allowed children and staff to enjoy time together in a less structured environment, contributing positively to wellbeing and emotional health.
Visits from supporters including Jodie and Tom during the year enabled practical improvements to school infrastructure and provision. It also allows an independent examination of the school provision and conditions. Investments that have been made in maintenance, equipment and nutrition have directly benefited the children’s daily lives and reinforced the trustees’ commitment to ensuring funds are used effectively and responsibly.
The Nagajuna learners in India and China in University education have continued to amaze with their resilience, hard work and fortitude. The global work place will be lucky to have these inspiring young adults.
Despite a challenging geopolitical and economic context in Nepal, Nagajuna Modern School remained a place of continuity, safety and care. The school continues to protect children from educational exclusion and social vulnerability, offering them opportunity, stability and dignity.
> **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**
**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** | **4**
**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 and payments accounts For the period** 01/04/2024 31/03/2025 **To from** ~~ee ee~~ **Section A Receipts and payments**
## **CC16a**
|||**Unrestricted**
**funds**|**Unrestricted**
**funds**||**Restricted**
**funds**|**Restricted**||**Endowment**
**funds**|**Endowment**
**funds**||**Total funds**||**Last year**||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**to the nearest**
**£**||**to the nearest**|**to the nearest £**|**to the nearest £**||**to the nearest £**|**to the nearest £**||**to the nearest £**||**to the nearest £**||
|**A1 Receipts**|||||||||||||||
|Donations and Sponsorship||**17**|**17,051**||**-**|**-**||**-**|**-**||**17,051**||**50,297**||
|Interest||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|Other income||**29**|**29,792**||**-**|**-**||**-**|**-**||**29,792**||**3,650**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|**_Sub total_**_(Gross income for_
_AR)_||**46,843**|**46,843**||**-**|**-**||**-**|**-**||**46,843**||**53,947**||
|**A2 Asset and investment sales,**
**(see table).**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total receipts_**
**46,843**
**-**
**-**
**46,843**
**53,947**
~~_———_—~~|||||||||||||||
|**A3 Payments**|||||||||||||||
|Support of Nagajuna School||**49**|**49,484**||**16**|**16**||**-**|**-**||**49,500**||**59,000**||
|Bank Transfer fees||**299**|**299**||**-**|**-**||**-**|**-**||**299**||**379**||
|Justgivingsubscriptions||**216**|**216**||**-**|**-**||**-**|**-**||**216**||**216**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
|||**-**|**-**||**-**|**-**||**-**|**-**||**-**||**-**||
||**_Sub total_ **|**49,999**|**49,999**||**16**|**16**||**-**|**-**||**50,015**||**59,595**||
|**A4 Asset and investment**
**purchases, (see table)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total payments_**
**49,999**
**16**
**-**
**50,015**
**59,595**
~~“S5555~~|||||||||||||||
|**_Net of receipts/(payments)_**||**- 3,156**|**- 3,156**|**- 3,156**|**- 16**|**- 16**|**- 16**|**-**|**-**|**-**|**- 3,172**|**- 3,172**|**- 5,648**|**- 5,648**|
|**A5 Transfers between funds**||**-**|**-**|**-**|**- -**|**- -**|**- -**|**- -**|**- -**||**-**||**-**|**-**|
|**A6 Cash funds last year end**|**A6 Cash funds last year end**|**62,761**|**62,761**|**62,761**|**16**|**16**|**16**|**-**|**-**||**62,777**||**68,425**|**68,425**|
|**_Cash funds this year end_**||**59,605**|**59,605**|**59,605**|**-**|**-**|**-**|**- 59,605**|**- 59,605**|**- 59,605**|**- 59,605**||**62,777**|**62,777**|
CCXX R1 accounts (SS)
31/01/2026
1
## **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**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
R Seddon
**Details**
**Details**
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**59,605**
**-**
**-**
**-**
**-**
**-**
**59,605**
**-**
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|
||R Seddon|Rebecca Seddon|24/01/2026|
|||||
CCXX R2 accounts (SS)
31/01/2026
2
## **Independent examiner's report on the accounts** ~~ee~~
## **Section A Independent Examiner’s Report**
**Report to the trustees/** The Nagajuna Trust **members of On accounts for the year** 31 March 2025 **ended**
**Charity no (if any)** 1107878
**Set out on pages** One, below
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025
As the charity's trustees, you are responsible for the preparation of the accounts **Responsibilities and basis** in accordance with the requirements of the Charities Act 2011 (“the Act”). **of report**
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**
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.
**Date:** 26 January 2026 **Signed:** ~~oe~~ **Name:** Jenny Lane **Relevant professional** Association of Accounting Technicians (AAT) **qualification(s) or body (if any):**
**Address:** 2 Woodland View, Smestow, Dudley, West Midlands DY3 4PH
**Section B Disclosure**
None
1
**Oct 2018**
**IER**