## **SATPAT LTD**
# **Company Registration Number: 9655972 (England and Wales)**
## **REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS**
## **Period of Accounts**
**Start date: 01 July 2020 End date: 30 June 2021**
**SATPAT LTD**
## **CONTENTS OF THE FINANCIAL STATEMENTS**
**for the period ended 30 June 2021**
|**Company Information**|page 2|
|---|---|
|**Report of the Directors**|page 3|
|**Income and Expenditure**|page 4|
|**Balance Sheet**|page 5 and 6|
|**Notes to the Financial Statements**|page 7 and 8|
page 1 **SATPAT LTD**
## **COMPANY INFORMATION for the period ended 30 June 2021**
## **Director:**
SPS Chadha P Conlon
## **Registered Office:**
Flat 9 Central Park Lodge 54-58 Bolsover Street London W1W 5NQ
**Company Registration Number:** 9655972 (England and Wales)
**Charity Number:**
**1166603**
Page 2 **SATPAT LTD**
**Directors’ Report Period ended 30 June 2021**
The directors present their report with the financial statements of the company for the period ended 30 June 2021
## **Directors**
The Directors shown below have held office during the whole of the period from 01 July 2020 to 30 June 2021
SPS Chadha P Conlon
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006.
## **Objects of the Charity**
The objects of the charity is for the advancement of education of poor children living in India, and other countries as the trustees see fit, including but not limited to, the provision of grants and scholarships to educational institutions or individuals as the trustees see fit.
This report was approved by the Board of Directors on 31 October 2021 and signed on behalf of the Board by:
**Name:** SPS Chadha **Status:** Director
Page 3 **SATPAT LTD**
## **INCOME AND EXPENDITURE ACCOUNT**
## **for the period ended 30 June 2021**
**----- Start of picture text -----**
2021 2020
£ £
Income 73,675 58,550
Direct Costs 60,647
39,989
______ ______
Gross Surplus 13,028
18,561
______ ______
Administrative Expenses 2,554
16,604
______ ______
Surplus of income
Over Expenditure 10,474
1,957
______ ______
**----- End of picture text -----**
All those shown are unrestricted income and expenditure.
Page 4 **SATPAT LTD**
**BALANCE SHEET as at 30 June 2021**
||**2021**|**20**|
|---|---|---|
||**£**|**£**|
|**Fixed Assets**|0|0|
||_____|_____|
|**Current Assets**|||
|Debtors|0|29,793|
|Cash at bank and in hand|16,655|1,384|
|||_____|
|**Total Current Assets**|16,655||
|31,177|||
|||______|
|______|||
|**Current Liabilities**|0|0|
||______|______|
|**Net Current Assets**|16,655|31,177|
|||______|
|______|||
|Total assets less current liabilities|16,655|31,177|
|||______|
|______|||
|**Total Net Assets**|16,655|31,177|
|||______|
|_____-|||
These notes form part of these financial statements
Page 5 **SATPAT LTD**
## **BALANCE SHEET continued as at 30 June 2021**
||**2021**|**2020**||
|---|---|---|---|
||**£**|**£**||
|**Capital and Reserves**||||
|**Long Term Creditors**||0|24,995|
|**Unresticted Reserves**||16,655|6,182|
||_____|_____||
|**Total Reserves**|16,655|31,177||
||______|_____||
For the year ending 30 June 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors on 31 October 2021.
Signed on behalf of the Board by:
Name: SPS Chadha Status: Director
These notes form part of these financial statements
Page 6 **SATPAT LTD**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **for the period ended 30 June 2021**
## **Accounting Policies**
## **Basis of Preparation**
The Financial Statements have been prepared on the historical cost
basis.
The Financial Statements are prepared in sterling, which is the functional currency of the entity.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an agreement.
## **Income**
All income is included in the statement of Financial Activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- income from grants and contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and return if unspent, in which case it may be regarded as restricted.
## **Expenditure**
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Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the Statement of Financial Activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## **Financial Instruments**
A Financial Asset or a Financial Liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic Financial Instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current Assets and Current Liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
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