REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS VLIAY & SHAMA BHARDw FOUNDATION FOR THE YEAR ENDED 31 IAARCH 2021 REGISTERED CHARrrY No. 11082ff2 VIJAY & SHAMA BHARDWl FOUNDATION CONTEp¥fs OF THE FINANCIAL STATEMEKrs YEAR ENDED 31 IAARCH 2021 TABLE NTENT TRUST INFORMATION REPORT OF ThE TRUSTEES STATEMEKf OF FINANCIAL ACnWTIES BALANCE SHEET NOTES TO ACCOUNT STATEMENrs
PAGE 1 VLIAY & SHAMA BHARDWKI FOUNDATION TRUST INFORMATION YEAR ENDED 31 IAARCH 2021 R•feTenco and Admlnl8trntivo Infovm•tio Charity Name '. IY & Shama Bh•thwaj Foundation Ch8rty reglstralitin numb8r'. 11082tr2 Tw8t Office ènd operational 3 Astons Rj address .' NorttTh4r4yd Middlesex, HA6 2LE . V4ay B Bhartrdj Mr8. U$h8 V Bh8rdw8j Mr. Udayan Bharttwai Mr8. Ritha Y Sharma Bankers '. Bank of Indkq 714-716 Kent Road H8ff04V
PAGE 2 VLJAY & SHAMA BHARDWAI FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 WCH 2021 The Trustees present thefir rew and finan0 statem for ts ye•r ended 31st march 2021 Stru¢turn, Governance and management The Organisalion L8 a tharttable trust ar1 was wistered a$ o on 21 F8bruwy 2fXIS. The Tnjst wa$ estobll$he¢J under a Deed t•thkh 8peufie8 obpcts wxl ofts Iwst arnl Is govemed under it. Objects Tha obfrect8 of the TnJ8t are to support aThl prta dwilable W088S th ony ofthe world the Tru8iee8 deem fft. R8cruitmgnt and Appointrnont of Twstts8 Under tho requirwnents of the Deed of TN8t the First TnJste¢s are enliued to hold office fw life. The Twste88 vtho sèrv8d during the year gnd up to thg dgte of this rnport. sèt out on page 1 are th• First Trustee8. FSnanclal R•vl•w Investment Policy Tho TnJ#ta•s have con8ldered the mo8t potw for Inbwting and have found that bonk d&posit8 a¢coutts meet the tharitys r1rMents. Accountlng and R•portlng Re•poMlbllld•• The Charities Act 1893 requlres the Tru81ws to prnpw• firwKial stateffl fw year gN8 a true and fair vlew of th& Ch¥ity$ ftnancial atv6tle8 during the year gnd of h finara81 p08itn al the •nd oftho year. In Preparing tho finandal $tstement8 tho Truth•s oro required to fol b•8t kY¥L¢x and - Select suitable accounting polict8s and •PFty them oJn8iStenty - IAake judgements And egfjm¥le8 that are reasonoble 8nd pNdent - Follow applicable accourth'ng stan¢Yards and the Charities SORP, di8rJo8ir•J exF4ainlrwJ wy dtrpartureB fom in the finanual statements ". aThJ - Prepare th• finanoal $latemenls on the gory cQnCn tA8i# unless it is inaprwiats to assume that the Charity will continue in operabon The Trustee8 recognise thdrjowtt res5&1111ty to mainlain a¢c£wnting records dl8d08e. th reasonable accuro¢y. the financial p0sOn of th& Charity at any time. and enats them 88 Trustees to ensure that Ihe Aewynls wmply with Charity W. They also recognlse kg81 responts1ty for safeguardtng ofthe Charivs 8888ts, and hence for toking r•8wwtrJe steps for the pre1• and detec11 offraud and other irregulartrties. In 4ccoTdanco wlth th• law. • TruBt•M, ¢•rUfy tht: . So far as ¥ aTe aware. tr 1$ relev8nt InTormalkn tMch has been not been disdosed - A8 Trustees have tsken all the 8teps that Ougrrt to have taken in order to make ournelve8 aware of any rethanl infonnation and RepNb"ng by Charitses. Thi3 report was approved bythe Trustees on 20th August 2ff21 and Sign1 their behalf by: Vljay Bhardwaj Uday Bhard*aJ
PAGE 3 VIJAY & SHAMA BHARDWAJ FOUNDATION REGISTERED CHARITY No. 1108202 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2021 31 MARCH 21 31 MARCH 20 INCOME AND EXPENDrruRE In¢om• Donations Investment Inco 180,126 917 1.877 Tolal Income 181.043 1.677 Expandlturo charItab expenditure Professinal fees Bank charges Total Expndftur• 13,601 12,902 13,609 12,910 Net R080ur¢M lor tho porlod l Movomont In Fund• 2331 FUND BALANCES BROUGHT FORWARD 189,061 200,294 FUND BALANCES CARRIED FORWARD 356,595 189,081
PAGE 4 VIJAY & SHAMA BHARDw FOUNDATION REGISTERED CHARITY No. 1108202 BALANCE SHE AS AT 31 MARCH 2021 31 MARCH 21 31 MARCH 20 CURRENT ASSErs . Loan for charitable puiwse Deposts with Bank Cash al Bank 26,580 159,999 2,482 321,022 8,993 NET CURRENT ASSErs 356,595 189,061 TOTAL ASSErs 356,596 189,061 REPRESENTED BY . ACCUMULATED TRUST FUND . Unrestricted funds 356,595 189.061 TRUSTEE TRUSTEE Date ". 20th August 2021
PAGE 5 VIJAY & SHAMA BHARDw FOUNDATION REGISTERED CHARITY No. 1108202 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PAARCH 2021 CCOUNTING POLICIES 1 ACCOUNnNG CONVENTION The Accounts are prepad under the historical cost convention and in xcordance wth applicable a¢¢ountsng standards and the Charity CommissN)n's Ststement of Recommended Practice"Accountsng and Reporting by Charities. ISORPI issugj in January 20¢A. 2 OFFERING AND DONATIONS Are recognised as in¢ome when received. induding lat the same tbme) tsx on 9ift5 eligible for Grft Atd. 3 RESOURCES EXPENDED Are accounted for on the accruab basi8, in lire with ccvresponding benefits re¢ei¥ed. 4 GIFTS Are included in expenditure when a definite commitment is maje. usualty when actually paid. 5 FOREIGN CURRENCIES Assets and liabilities in fOren currenc$ are translated into ¥tgrling at the rate of exchange ruling al the 8818nce Sheet dale. Transactions in foreign Currenc$ are translated into sterfing at the rats of 8xchangè at the dale of transaction. Exchange dtfferences are acc(NJnted for in the net movement of fvnds for the year. 2021 2020 2. GRANTS GIFTS TO OTHER ORGANISATIONS AND INDIVIDUhL 13,501 12,902
PAGE 6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VIJAY& SHAMA BHARDWAI FOUNDATION ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2021 I report on the accounts of Vijay & Shama 8hardffj Foundation for the ded 31st March 2021 which are sel out on pages 1 to 5 Resp•ctSv• responslbllitios of Trustees and oxamln•r As th8 charitS Irus198s you ar responsible for the pr8paration of the aGLntS. The charitls trustags consider Ihal an audit is not r8quired this ar {under section 144(2) of the Ch8ribes Acl 2011 Ilho 2011 Acll and that an indepgndènt 6xamination iq needed. The Charws gross incon did not excèed £500.OW and l am qualffied to undertake the exanwnabon by being a quallfted memb8r of Institute of Ch8rterod Accountsnts In England and Wales.. Havlng been satisfied that th8 d)arty Ss rK)t to audit and Is elhJbl8 for indepeTrJent ex•mlnati)n It is my rgsp)nsibility to= to examine the accounts under sactknn 145 of the 2011 Act: to fdlow tho prctedures lald dovm In th8 General Dlr&AI8 glven by the Charlty ComnI88lon under section 145{5)Ibl of th8 2011 Act: and lo ¥tate thèther pariiunlar mattern have con to my attention. B•811 of Ind•perbdont •xamln•rfi rnport èxamlnallon was carrlgd out In accjxdance thlth ts General Dlrecuon Ilven by tho Charty Cornmlsslon. An examinati indudes a of the 8ccthnlrKJ kepl by the ¢adty and a i>Jmpariwn of the accounts presentsd wlth those recor(Is. It also Indudes lsIderatft of any unusu81 Ite or disdo$urn8 in the accounts , and seeking exsnat10nS frcrfn you as trustees o)nceming ony such matters. The procedures undertaken do not pro0 all the ewdence that yId be required in an audit, and consequently. no Opini Is given as to whether the wxyunts present a IrLJO and fair Vie and the report Is limited lo ltrbjse matter8 8et in tho statement bekht. Ind•p•nd•Trt •xamln•rf• 8tat•m•nt In the connection yh my exanwnatKffi. Th) matter C1)r to rrry attention: 111 which gfves me reaSOnae cause to belleve that . in any material respert the requlremonts: to keep accounting reconls w) aance ¥Alh sth 130 of the 2011 Act and to prepare accmnts acoxxd vitlh the accounting re(>xds aThJ to comply V•ith th8 accounting requirements of the 2011 Ad have rK)t been t., or {21 lo which . in my opinion . attention shcMJkl be drawn in order to en8t48 8 proper understsnding of the accounts be reached. KISHOR GOPAL SOLANKI, CA Independent Examln•r 2fyAu8.21