**REGISTERED CHARITY NUMBER: 1108202** ## **VIJAY AND SHAMA BHARDWAJ FOUNDATION** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** KHI Albury Limited 2nd Floor, One Hobbs House, Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX **VIJAY AND SHAMA BHARDWAJ FOUNDATION** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Cash Flow Statement**||5|| |**Notes to the Cash Flow Statement**||6|| |**Notes to the Financial Statements**|7|to|10| | | | ## VIJAY VIJAY AND AND SHAMA SHAMA BHARDWAJ BHARDWAJ FOUNDATION FOUNDATION ## REPORT REPORT OF OF THE THE TRUSTEES TRUSTEES FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] MARCH MARCH 2025 2025 ee ee charities charities haveTheIreland ThehaveIrelandtrustees trusteesadopted adopted(FRS (FRS preparing preparing present102) 102)present the the (effective (effective provisions provisionstheir theirtheir[their] accounts accounts report report 1 1 of[of] January January Accounting Accounting with[with] in in accordance accordance 2019).the the2019).[financial] financialand and Reportingwith Reportingwith statements statements the the Financial Financial by by ofCharities:[of] Charities: the the Reporting Reporting charity charity Statement Statement for for Standard Standard the the year yearof of Recommended Recommended applicable applicable ended ended 31 31 in in March March the the Practice Practice UK UK 2025. 2025. and and applicable applicable The The Republic Republic trustees trustees toof toof > STRUCTURE, STRUCTURE, GOVERNANCE GOVERNANCE AND AND MANAGEMENT MANAGEMENT > The The Governing Governing[charity] charity document is is document controlled controlled by by its[its] governing governing document, document, a a deed deed of[of] trust trust and and constitutes constitutes an an unincorporated unincorporated charity. charity. > REFERENCE REFERENCE AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAILS > Registered Registered Charity Charity number number 1108202 1108202 > Principal Principal address address > 3 3 Astons Astons Road Road Northwood Northwood > I-IA6 HA6 2LE 2LE Trustees Trustees > V V[Bhardwaj] Bhardwaj > Mrs Mrs R R Y Y Varma Varma > Mrs Mrs U[U] V V Bhardwaj Bhardwaj > U U V V Bhardwaj Bhardwaj > P P Bhardwaj Bhardwaj (appointed (appointed 1/10/2025) 1/10/2025) Independent Independent Examiner Examiner Kiran Kiran Patel Patel BA BA BFP BFP FCA FCA KHI KHI[Albury] Albury Limited Limited 2nd 2nd[Floor,] Floor, One One Hobbs Hobbs House, House, Harrovian Harrovian Business Business Village Vil!age Bessborough Bessborough Road Road Harrow Harrow Middlesex Middlesex HAI HA1 3EX 3EX Bankers Bankers Bank Bank of[of] India[India] 714-716 714-716 Kenton Kenton Road Road Harrow Harrow Middlesex Middlesex HA3 HA3 9QX 9QX > Approved Approved by[by] order order of[of] the the board board of[of] trustees trustees on on 6[6] February February 2026 2026 and and signed signed on on its its behalf behalf by:[by:] > V V hardwaj Bhardwaj - - Trustee Trustee Page Page 1[1] INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VIJAY AND SHAMA BHARDWAJ FOUNDATION Independent examinefs report to the trustees of Vijay and Shama Bhardwaj Foundatlon I report lo the charity trustees on my examination of the accounts of Vijay and Shama Bhardwaj Foundation (the Trust) for the year ended 31 March 2025. Responsibilities and basis of report As the charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the Trusys accounts carried out under Secb'on 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515}Ib) 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 wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust a5 required by Section 130 of the Act., or the a¢¢ounts do not accord with those records., or the accounts do not comply wlh 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 ￿th the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. atel A BFP FCA The Inslilule of Chartered Accountants in England and Wales KHI Albury Limited 2nd Floor, One Hobbs House, Harrovian Business Village Bessborough Road Harrow Middlesex HA1 3EX 6 February 2026 Page 2 **VIJAY AND SHAMA BHARDWAJ FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable Donations
Other
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2025**
**Unrestricted**
**fund**
**£**
**51,326**
**11,538**
**62,864**
**97,382**
**-**
**97,382**
**(83,736)**
**(118,254)**
**1,343,019**
**1,224,765**|2024
Total
funds
£
963,910
6,932| |---|---|---| |||970,842| |||38,631
1,582| |||40,213| |||(7,033)| |||923,596
419,423| |||1,343,019| The notes form part of these financial statements Page 3 ## VIJAY VIJAY AND AND SHAMA SHAMA BHARDWAJ[BHARDWAJ][FOUNDATION] FOUNDATION > BALANCE BALANCE SHEET SHEET > 31 31 MARCH MARCH 2025 2025 |BALANCE SHEET
31 MARCH 2025
BALANCE SHEET
31 MARCH 2025|BALANCE SHEET
31 MARCH 2025
BALANCE SHEET
31 MARCH 2025|||| |---|---|---|---|---| |aa en||nDee|eeeeee|eee| ||||2025
2025|2024
2024| ||||Unrestricted
fund
Unrestricted
fund|Total
funds
Total
funds| ||Notes
Notes||£|bs| |CURRENT ASSETS
CURRENTASSETS||||| |Debtors
Investments
Cash at bank
Debtors
Investments
Cash at bank|8
9
8
9||21,580
896,589
310,076
21,580
896,589
310,076|21,580
456,511
866,128
21,580
456,511
866,128| ||||1,228,245|1,344,219| |CREDITORS
Amounts falling due within one year
CREDITORS
Amounts falling duewithin one year|10
10||(3,480)
(3,480)|(1,200)
(1,200)| |NET CURRENT ASSETS
NET CURRENTASSETS|||1,224,765
1,224,765|1,343,019| |TOTALASSETS LESS CURRENT LIABILITIES
TOTAL ASSETS LESS CURRENT LIABILITIES|||1,224,765
1,224,765|1,343,019| |NET ASSETS
NETASSETS|||1,224,765|1,343,019| |FUNDS
FUNDS|11
11|||| |Unrestricted funds
Unrestricted funds|||1,224,765
1,224,765|1,343,019
1,343,019| |TOTAL FUNDS
TOTALFUNDS|||1,224,765
1,224,765|1,343,019| > The The[financial] financial statements[statements] were were approved[approved] by by the the Board Board of of Trustees Trustees and and authorised authorised for for issue issue on on 6 6 February February 2026 2026 and and were were > signed signed on on its its behalf behalf by:[by:] > V V[Bhardwaj] Bhardwajpore - - Trustee Trustee laa The The[notes] notes form[form] part[part] of[of] these[these] financial[financial] statements[statements] Page Page 4[4] ## **VIJAY AND SHAMA BHARDWAJ FOUNDATION** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Sale of fixed asset investments
Interest received
Net cash used in investing activities
**Change in cash and cash equivalents in the**
**reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2025**
**£**
**(483,854)**
**(483,854)**
**(83,736)**
**11,538**
**(72,198)**
**(556,052)**
**866,128**
**310,076**|2024
£
473,386
473,386
(7,033)
6,932
(101)
473,285
392,843
866,128| |---|---|---| The notes form part of these financial statements Page 5 **VIJAY AND SHAMA BHARDWAJ FOUNDATION** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** |**1.**|**RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING**|**RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING**|**ACTIVITIES**| |---|---|---|---| |||**2025**|2024| |||**£**|£| ||**Net (expenditure)/income for the reporting period (as per the Statement**||| ||**of Financial Activities)**|**(118,254)**|923,596| ||**Adjustments for:**||| ||Losses on investments|**83,736**|7,033| ||Interest received|**(11,538)**|(6,932)| ||Increase in Investments|**(440,078)**|(456,511)| ||Decrease in debtors|**-**|5,000| ||Increase in creditors|**2,280**|1,200| ||**Net cash (used in)/provided by operations**|**(483,854)**|473,386| |**2.**|**ANALYSIS OF CHANGES IN NET FUNDS**||| |**Net cash**
Cash at bank
**Liquid resources**
Deposits included in cash
Current asset investments
**Total**|At 1/4/24
£
**866,128**
**866,128**
**-**
**-**
**-**
**866,128**|Cash flow
£
**(556,052)**
**(556,052)**
**-**
**896,589**
**896,589**
**340,537**|**At 31/3/25**
**£**
**310,076**| |---|---|---|---| ||||**310,076**| ||||**-**
**896,589**| ||||**896,589**| ||||**1,206,665**| The notes form part of these financial statements Page 6 **VIJAY AND SHAMA BHARDWAJ FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. DONATIONS AND LEGACIES** |Donations
Dividends
**3.**
**INVESTMENT INCOME**
Deposit account interest|**2025**
**£**
**42,166**
**9,160**
**51,326**
**2025**
**£**
**11,538**|2024
£
963,910
-| |---|---|---| |||963,910| |||2024
£
6,932| Page 7 **VIJAY AND SHAMA BHARDWAJ FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **4. CHARITABLE ACTIVITIES COSTS** |**4.**|**CHARITABLE ACTIVITIES COSTS**||||| |---|---|---|---|---|---| ||||||Support| ||||||costs (see| ||||||note 5)| ||||||£| ||Charitable Donations||||**97,382**| |**5.**|**SUPPORT COSTS**||||| |||||Governance|| |||Finance|Other|costs|Totals| |||£|£|£|£| ||Charitable Donations|**4,250**|**90,024**|**3,108**|**97,382**| ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. ## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
Charitable Donations
Other
**Total**
Net gains/(losses) on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
963,910
6,932| |---|---| ||970,842| ||38,631
1,582| ||40,213| ||(7,033)| ||923,596
419,423| ||1,343,019| Page 8 **VIJAY AND SHAMA BHARDWAJ FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||||| |---|---|---|---|---|---|---| |Other debtors
**9.**
**CURRENT ASSET INVESTMENTS**
Listed investments
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**11.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**62,864**
**TOTAL FUNDS**
**62,864**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/4/24
£
**1,343,019**
**1,343,019**
Resources
expended
£
**(97,382)**
**(97,382)**
At 1/4/23
£
419,423
419,423|||**2025**
**£**
**21,580**
**2025**
**£**
**896,589**
**2025**
**£**
**3,480**
Net
movement
in funds
£
**(118,254)**
**(118,254)**
Gains and
losses
£
**(83,736)**
**(83,736)**
Net
movement
in funds
£
923,596
923,596||2024
£
21,580
2024
£
456,511
2024
£
1,200
At
31/3/25
£
**1,224,765**
**1,224,765**
Movement
in funds
£
**(118,254)**
**(118,254)**
At
31/3/24
£
1,343,019
1,343,019| |||||||| |||||||| |||||||| Page 9 **VIJAY AND SHAMA BHARDWAJ FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025** ## **11. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|970,842|(40,213)|(7,033)|923,596| |**TOTAL FUNDS**|970,842|(40,213)|(7,033)|923,596| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/4/23
£
419,423
419,423|Net
movement
in funds
£
805,342
805,342|At
31/3/25
£
1,224,765| |---|---|---|---| ||||1,224,765| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|1,033,706|(137,595)|(90,769)|805,342| |**TOTAL FUNDS**|1,033,706|(137,595)|(90,769)|805,342| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2025. Page 10