Company registraiion number.. 09655972 Charity registration number.. 1166603 SATPAT Ltd IA company limit¢d by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2025 DT Carson & Co. 51- 53 Thomas Street Ballymena Co. Antrim BT43 6AZ
SATPAT Ltd Contents Reference and Administrative Details Trustees, Report 2to3 Statement of Trustees. Responsibilities Independent Examinevs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statetnents 8t012
SATPAT Ltd Reference and Administrative Details Trustees Satinder Pal Singh Chadha Patricia Conlon Chadha Sachin Bajpai Ritika Brijinder Singh Gurjas Singh Harsimrat Singh Bhasin 1166603 Charity Registration f4umber Company Registration Number 09655972 The charity is incoorat¢d ID England and Wale$. Flat 9 Central Park Lodge 54-58 Bolsover Street LONDON WIW5NQ DT Carson & Co. 51 . 53 Thomas Street Ballymena Co. Antrim BT43 6AZ Registered Office Independent Examiner Page I
SATPAT Ltd Trustees, Report The trustee5, who are directors for the purposes of company law, Present th¢ annual report together with the financial 5tatem¢nts of the charitable company forthe year ended 30 June 2025. Objectives and activities Objecis alms The objects of the charity are the advancement of education of POOT children living in India, and other countries as the trustee5 see fit, including but not limited to, the provision of grants and scholarship5 to edutational institutions or individuals, as the trustees see fit. Public benefil The charity has been organising free tutorial classes for students to upgrade their knowledge. The charity also contributes or wholly pays the school fees of students and provides computers and other aids to students who would not be able to continue their studies du¢ to unaffordability. The trustees confirm that they have Complied with the requiT¢ment5 of section 17 of the Charities Act 2011 to have due regard to th¢ public benefit guidance publi5h¢d by the Charity Commission for England and Wale5. Finaneial review Policy on tuerves Sufficient reserve5 are held so that the continuity of the Project can b¢ maintained. Principqlfundliig sourees The chariry's ndIng is at the discretion of the Chadha family. Trustees and offieers The trustees and olTiceTS serving during the year and since the year end were as follows.. Trustees.. Satinder Pal Singh Chadha Patricia Conlon Chadha Sa¢hin Bajpai Ritika Brijinder Singh Gurja5 Singh Harsimrat Singh Bhasin (appoinled l Novembei 2024) S¢rncturei governance and management Ivalure ofgovernlng do¢¥meni Satpat Ltd is a company limited by guarantee, not havin8 a share ¢apital and consequently the liability of Tnembeis is limited. subject to an undertaking by each member to contribute, to the net assets or liabilities of the company on winding up. such amount5 as may be required not ¢x¢eeding £1. The company 15 a150 a Tegistered charity. For the purposes of Charity Law, the directors are trustees of the chaTIty. Page 2
SATPAT Ltd Trustees, Report Small companie5 provi5iOll St8tement This report has been prepared in accordance with the 5rnall companies regime under the Companies Act 2006. The annual r¢port was approv y the truste¢s of ihe charity on 30 April 2026 and sign¢d on ils b¢half by.. Satit]der Pal Singh Chadha Trustee Page 3
SATPAT Ltd Stal¢ment of Trustee5' Responsibilities The trustees (who are also the directors of SATPAT Ltd for the purpose5 of cornpany law) are responsible for preparing the trustees, report and the financial stat¢rnents in accordance with applicable law and United Kingdom Ac¢ounting Standards (United KingdoTn Generally Ac¢ept¢d Accounting Practi¢¢), including FRS 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with th¢ provisions in the Companies Act 2006 relating to srnall companies. Company law T¢quire5 the trustees to prepare fEnancial statements for each financial year. Under ¢omparty law The trustee5 must not approve the financial statements unless they are satisfied that they give a true and fair view of the state gf affairs of the charitabl¢ company and of the incoming resources and application of resources, including its income and expenditure, of the charitable Company for thai period. In Preparing these financial statetnents, the trustees are required to.. select 5Uitabl¢ accounting policies and apply them ¢onsistently' observe the methods and principles in the Charities SOR. make judgements and estimates that are reasonable and prndent., state whether applicable ac¢ouDtino standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the finanrial statetnenis on the going concern basis unless it is inappTopriate to presume that the charitable company will continue in busin¢s5. The trustees are responsible for keeping PToper accounting records that can disclose with reasonjble accuracy at any time the financial position of the charitable company and enable them to ensure that the finan¢ial statements comply with the Companies Act 2006. They aTe also responsible for safeguarding the assels of the charitable company and h¢nce for taking reasonable steps foT the prevention and detection of fraud and other irregularities. The trustees are responsible for th¢ maintenance and integrity of th¢ corporate and finan¢ial inforrnation included on the charitable company's website. Legislation gov¢rning the preparation and di55¢mination of financial statements may differ from legislation in other jurisdictions. Approved by t]ie t the charity on 30 April 2026 and signed on its behalf by.. Satind¢r Pal Sin Trustee adha Page 4
SATPAT Ltd Independent Examinerls Report to the trustees of SATPAT Ltd ('the Company,) I report to ihe charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025. Responsibilities and basis of report As the charity's trnstees of SATPAT Ltd {and also its directors for the PUTposes of company law) you are responsible for the preparation of the accounts in accordance with the requir¢ments of the Companies Act 2006 ('the 2006 Act,). Having sat15fied Tnyself that the 8¢counts of SATPAT Ltd are not required to be audited under Part 16 of the 2006 Act alld are eligible for independent examination, I report in respect of tny examination of your charity's accounts a5 catTied out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have cofflpleted my exatnination. l eotlfirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of SATPAT Ltd as r¢quir¢d by s¢¢tion 386 of th¢ 2006 Aet. or 2. the accounis do not aecord with ihose records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter ¢on5idered a5 part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prdctice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}1. I have no eoneems and hav¢ come across no other matters in Co[e¢t10n with the examination to which attention should be drawn in this report in order enable a proper understanding of the accounts to be reached. James Wallac¢ Chartered Accountants Ireland 51- 53 Thomas Street Ballymena Co. Antrim B T43 6AZ 30 April 2026 Page 5
SATPAT Ltd Statement of Financial Activities for the Year Ended 30 June 2025 (In¢luding Income and Expcnditure A¢¢ount and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Note Income and Endowments frotD: Charitable activitl¢S 59,250 59,250 Totsl incorne 59,250 59250 Expenditure on: Charitabl¢ a¢tivities {127,587) (127.587 Total expenditure (127,587) 127,587) Net expenditure Net movement in funds (68.337> (68,337) (68,337) (68.337) Reeoneillation of funds Total funds brought foTward 86,296 86,296 Total funds oarrted forward 17,959 Unrestricted fund5 17,959 Total 2024 Note Income and Endowrnents from: Charitable activities 209,359 209,359 Totsl income 209,359 209.359 Expenditure on: Charitable activities (167,752) (167,752) Total expenditure (167,752) (167,752) Net iD¢om¢ 41,607 41,607 N¢t movement in ndS 41.607 41,607 Reconciliation of fund$ Total funds brought forward Total fvnds carried forward 44,689 44,689 86,296 86,296 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 15 shown in note 9. The notes on page5 8 to 12 fom) an integral part of these financial statements. Pag¢ 6
SATPAT Ltd (R¢gislration numb¢r: 09655972) Balan¢¢ Sheet as at 30 June 2025 2025 2024 Note Current a55¢ts Debtors Cash at bank and in hand 12.527 5,432 34.230 52,066 17.959 86,296 Funds of the charity: Unrestricted income funds Unre5tri¢t¢d fund5 17,959 86,296 Tolal funds 17.959 86,296 For th¢ financial year ending 30 June 2025 the ¢harity was entkiled w exemption from audit under section 477 of the Compani¢s A¢t 2006 relating to $tn)11 ¢ompaDi¢s. Directors. responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476., and The directors acknowledge their responsibilities for eomplying with the requirements of the Act with respect to aecounting retOTds and the preparation of accounts. Thes¢ financial stat¢m¢nts have been prepared in aordanCe with the special provisions relating to companies subject to the Small compani¢s r¢gim¢ within Part 15 of the Companies Aei 2006. The financial statem¢nts on pages 6 to 12 were approved by ih¢ ¢rus¢ees, and authorised for issue on 30 April 2026 and signed on th half by.. Satinder Pal Singh C Trustee The notes on page5 8 to 12 fonn an integral part of these financial statements. Page 7
SATPAT Ltd Notes to th¢ Financial Statements for the Year Ended 30 June 2025 I Charity status The charity is lilnited by guarantee, incorporated in England and Wales, and consequently does not have share apital. Each of ihe trnstees is liabl¢ to eontribute an amount not exceeding £1 toward5 the assets of the ¢harity in the event of liquidation. The addres5 of its registered office is.. Flat 9 CentTal Park Lodge 54-58 Bolsover Street LONDON WIW5NQ Thes¢ financial statements were authoris¢d for issue by the truslees on 30 April 2026. 2 Accounting policies Summary ofsignificant accounting polieie$ and key aceounting ¢slimates The principal accounting policies applied in ihe Preparation of these financial statements are set out b¢low. Thes¢ polioies have been consistently applied to all the yeors presented, unle55 otherwise stated. Statement of compliance The financial statements have been pwpared in accordance with Ac¢ounting and Reporting by Charities.. Statement of Recommended Pra¢tice applicable to charities pfepaTing their accounts in accordance with the Financial Reponing Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reponing Standard applicable in the UK and Republi¢ of Ireland (FRS 102). Th¢y also comply with the Companies Aci 2006 and Charities Act 2011. Basis of preparation SATPAT Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially re¢ogniscd at historical cosi or transa¢lion value unless oihenvise 5tat¢d in the relevant accounting policy notes. Goxng concern The trustees ¢on5id¢r that there are no mateTial uncertainties about the charity'5 ability to continue as a goiDg concern nor any Significant aieas of uncertainty that affect the carrying value of a55ets held by the charity. Ineome and endovment5 All income is recognised when entitlement has passed to the charity, it is probable that the economic benefits a55gciated with the transaction will flow to the charity and the amount can be reliably measuT¢d. Donations uiid legtTCieS Income from donations is recognised when ther¢ is evidence of entitlement to the gift. receipt is probable and its amount can be measured reliably. Glfi uld Income from gift aid is recogni5ed when there is ¢vid¢nce of entitlement to gift aid, Teceipt is probable and its amount Can b¢ measured reliably. Page 8
SATPAT Ltd Notes to the Financial Statements for the Year Ended 30 June 2025 Expenditure All expenditur¢ i5 r¢cognis¢d once there is a legal or constnictive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expendÉture heading that aggr¢gat¢ similar Costs to that category. Wh¢re costs cannot be dire¢tly attributed to particular headings they have been allocat¢d on a basis consistent with the usc of r¢sourc¢s, with centrdl staff C051S allocated on the basi5 of time spent, and depreciation charg¢5 allal¢d on the portion of the as5¢t'S US¢. Other support eosts are allocated based on the spread of staff costs. Clioriloble fjcilvlti Charitable expenditur¢ comprises those costs in¢uTTed by the charity in the delivery of its activiti¢5 and service5 for its beneficiaries. It in¢ludes both costs that can be allo¢at¢d dITllY to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the tests set out in Paragrapli I Schedule 6 of the FEnance Act 2010 and therefore it meels the definition of a chaiitable company for UK coryoration tsx purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or eapital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the ext¢nt that such income or gains are applied exclusively to charitable pUOSe5. Cash and eash equivalents Cash and cash equivalents ¢omprise cash on hand and call dep05lts, and other short-term highly lÈquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Foreign exchange Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign cuThen¢ies at the balance sheet date are reported at the Tates of exchang¢ prevailing at that date. The result5 of over5¢a5 operations are translated a¢ the average rat¢5 of ¢x¢hange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchang¢ differ¢n¢e5 8ri5ing on translation of th¢ opening Det assets and r¢5ults of overse85 operations are reported in other comprehensive income and accumulated in ¢quity (attribut¢d to non4ontrolling inieresi$ as appropriaie). Oth¢r exchange difference5 ar¢ re¢ognised in ih¢ Statement of Financial Activities in the period in which they aris¢ except for.. l) exchange differences on transactions entered into to hedge certain foreign CUTr¢ncy risks ($e¢ above}. 2) exchange difference5 arising on gains or losses on non-monetary ii¢ms which are recognised in other mprehensive income. and 3) in the case ofthe consolidated financial statements, ¢xchange differences on monetary items receivable from or payable to a foreign operation for which settlemeTLt is neither planned nor likely to occur (therefore forniing part of the net investment in the foreign operaiitsn), whieh are iecognised in other comprehensiye income and reported under equity. Page 9
SATPAT Ltd Notes to the Financial Statemenls for the Year Ended 30 June 2025 Fund structure Unr¢stricted income funds are general fvnds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Financial instTum¢nts Clussificuiloft The charity has elected t(Tr apply the provisions of Section I I 'Basic Financial InStMentS, and Section 12'0th¢r Financial Instrument5 15sues' of FRS 102 to all of its financial instrLunents. Financial instruments are ercognis¢d itj the Charity's balan¢e sheet when the Charity be¢orne5 paty to the Contractual provisions of th¢ iTJStrument. Financial assets and liabilities are offset, with the net amount5 presented in the financial statements, when there Is a legally enforceable right to set off the recogni5ed amounts and there is an intention to settle on a net basis OT realis¢ the asset and settle the liability simultaneously. Reeo¥nllioM and Mieasuremenl Basic financial assets, which include debtors and cash and bank balances. are initially me&5ured at transaction price including transaction costs. Basic financial liabilities, including Creditors and bank loans are initially recognis¢d at transaction price. Trade creditors are obligations to pay for goods OT services that have been acquired in the ordinary course of operaÉion5 from supplier5. Amounts payable are classified as current liabilities if payment is due within one year or less. If noL they are presented as non-cu)Tent liabilities. Trade creditors are recogni5¢d initially at transaction price. Fair measmrement The best evidence of fair valu¢ is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the pric¢ of a recent transaction for an identical agset provides evidence of fair value as long as there has not b¢¢n a significant change in economic circumstances or a significant lap5¢ of time since the transartion took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value. the fair value is estirnaied by using a valuation technique. Page 10
SATPAT Ltd Notes to the Financial Statements for the Year Ended 30 June 2025 3 1n¢ome from ¢harltable activities Unrestricted funds General Total 2025 Total 2024 Donations and gifts Gift Aid tax re¢laim¢d 45,109 14.141 45,109 14,141 175,129 34,230 59,250 59,250 209,359 4 Expenditure on eharitable activities Unrestricted funds GenerAI Total 2025 Total 2024 Scholarships & trairtit]g Travel 57,231 26,344 44.012 57231 26,344 44,012 67,242 19,935 80.575 Office exp¢nses 127,587 127,587 167,752 5 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the chariry during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during th¢ y¢aT. 6 Taxation The charity is a registered charity and is therefore exempt frorn taxation. 7 Debtor5 2025 2024 Aterued income 12,527 34,230 8 Cash and cash equivalents 2025 2024 Cash at bank 5,432 52,066 Pag¢ll
SATPAT Ltd Notes to the Financial Statements for the Year End¢d 30 June 2025 9 Fund5 Balance at I July 2024 Incoming resources Resources expended Balance at 30 June 2025 Unre5trReted funds General 86,296 59,250 (127,587 17,959 Balance at i July 2023 Incoming resources Resource5 expended Balance at 30 June 2024 Unrestricted fund5 General 44,689 209,359 (167,752) 86,296 10 Related party transacti0115 There were no related party transactions in the year. Page 12