## **Trustees’ Annual Report for the period** **From 6 April 2022 Period start date To 5 April 2023 Period end date Charity name: SRINIVAS/ USHA CHARITABLE TRUST** ## **Charity registration number: 1167851** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The Trustees shall hold the capital and
income of the Trust fund upon trust to apply
the income, and all or such parts of the
capital, at such time or times and in such
manner to, or for the benefit of, such
exclusively charitable objects and purposes
in any part of the world as the Trustees may
in their discretion think fit.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|During
the
year
the
organisation
endeavoured to provide funds for such
charitable causes that would further the
objects of the purposes for which the charity
was set up.
Grants were made directly to support
various causes that assist children’s health
and education and community centres that
help the elderly.
The organisation continues to look at the
needs of various charities and is seeking
ways in which to meet its objectives.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|We confirm the trustees have had regard to
the Charity Commission’s guidance on
public benefit.| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** SORP reference During the year, the Foundation made total donations of £52,275 (2022: £49,636). Some of the bigger donations made during Summary of the main the year are described below: - Para 1.20 achievements of the charity, identifying the difference the Funds were donated to Pestalozzi World to charity’s work has made to provide education for disadvantaged the circumstances of its children in Asia and Africa by teaching beneficiaries and any wider practical skills, technical knowledge and benefits to society as a ethics. The Pestalozzi World scholars are whole. selected on the basis of ability as well as need, two girls to every boy. The aim of the charity is to educate poor students from rural communities in India, Nepal, Malawi, Thailand and Zambia. In addition, funds were also donated to a charity known as Friends of Baale Mane. The Friends of Baale Mane Gopalapura is a UK registered charity which exists for the sole purpose of supporting Baale Mane. Baale Mane is a member of Keeping Children Safe (KCS). KCS is an independent not-for-profit organisation. They set out internationally recognised child safeguarding standards that ensure all organisations working directly for and with children have comprehensive safeguarding measures in place. Their independence means that their standards and advice are not influenced by any other organisation or government. As a member, Baale Mane is committed to protecting children by developing and promoting the KCS International Child Safeguarding Standards. Funds were also donated to a charity known as Second Sight. Second Sight works in rural Bihar in North India where poverty is the direct cause of people’s problems and |blindness compounds their poverty. Their| |---| |mission is to restore sight to any woman,| |man or child and to help prevent blindness.| |The foundation also donated to a charity to| |a known as the Sylvia Wright Trust, which is| |a registered charity which supports the work| |of Sylvia Wright in the Indian State of Tamil| |Nadu. Sylvia, a nurse from Leeds in the UK,| |sold her home and possessions in 1982, to| |work relentlessly and courageously among| |the sick and disabled in this very poor area| |of India. Over the years Sylvia built and| |established a 180 bed charity hospital, a| |residential school for 200 profoundly deaf| |children, two day centres for 80 severely| |disabled children, a Nursing College for 60| |students
as
well
as
running
many| |community health projects.| |In addition, funds were also donated to a UK| |registered charity known as Dream a Dream| |UK Limited. This charity helps give support| |to
young
people
from
vulnerable| |backgrounds in Bangalore, India in their life| |skills and career connect programs.| |The foundation has also donated funds to| |the British Heart Foundation in order to help| |those affected by heart and circulatory| |diseases.| |During the year to 5 April 2023, the| |Shrinivas/ Usha Charitable Trust had also| |donated funds to various other charities for| |charitable purposes.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |||| Other ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity only has unrestricted funds.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|These funds are available to be paid out in
charitable donations. These funds are
regularly reviewed by the trustees.| |Amount of reserves held|Para 1.22|£13,820| |Reasons for holding zero
reserves|Para 1.22|The Trustees are of the opinion that they
did not need to hold any reserves as they
felt that making donations to worthwhile
charitable causes was more beneficial to
further the objects of the Foundation.| |Details of fund materially in
deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Trust| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointment by Trustees in accordance
with the Trust Deed.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|SHRINIVAS/ USHA CHARITABLE TRUST| |---|---| |Other name the charity uses|N/A| |Registered charity number|1167851| |Charity’s principal address|63 Ashley Gardens
Ambrosden Avenue
London
SW1P 1QG| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||USHA KUMAR|CharityTrustee||The Trustee themselves| ||DORAISWAMY
SRINIVAS|Charity Trustee||The Trustee themselves| ||DORAISWAMY
RAM|Charity Trustee||The Trustee themselves| ||ANAND DHARAN|CharityTrustee||The Trustee themselves| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**ames and addresses of advisers (Optional information)**|**ames and addresses of advisers (Optional information)**|**ames and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||DORAISWAMY SRINIVAS|| ||
CHAIR|| ||28 March 2024|| ||28 March 2024|| **----- Start of picture text -----**
Charity Name No (if any)
SRINIVAS/ USHA CHARITABLE TRUST 1167851
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 06/04/2022 05/04/2023
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Donations received UK - - - - 6,000
Donations received US 47,504 - - 47,504 69,989
Gift aid received - - - - 20,561
Interest received 66 - - 66 -
Transfer of funds transfer from Charles
Schwab a/c to NatWest a/c - - - - 26,000
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
47,570 - - 47,570 122,550
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 47,570 - - 47,570 122,550
A3 Payments
Donations made UK 17,755 - - 17,755 21,400
Donations made Us 34,520 - - 34,520 28,236
Transfer of funds from Charles Schwab
a/c to NatWest a/c - - - - 26,000
Accountancy fees - - - - 780
Bank charges - - - - 161
Purchase of investments 28,900 - - 28,900 -
Exchange difference (gain)/loss 1,070 - - 1,070 -
- - - - -
- - - - -
Sub total [ 82,245 ] - - 82,245 76,577
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 82,245 - - 82,245 76,577
Net of receipts/(payments) - 34,675 - - - 34,675 45,973
A5 Transfers between funds - - - - -
A6 Cash funds last year end 48,495 - - 48,495 -
Cash funds this year end 13,820 - - 13,820 45,973
**----- End of picture text -----**
CCXX R1 accounts (SS) 27/03/2024 1 ## **Section B Statement of assets and liabilities at the end of the period** **----- Start of picture text -----**
Unrestricted Restricted Endowment
Categories Details funds funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Cash funds held re a/c no. 67352383 12,685 - -
Cash funds held re Charles Schwab
1,135 - -
- - -
Total cash funds 13,820 - -
(agree balances with receipts and payments
account(s)) OK OK OK
Unrestricted Restricted Endowment
funds funds funds
Details to nearest £ to nearest £ to nearest £
B2 Other monetary assets - - -
- - -
- - -
- - -
- - -
- - -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B3 Investment assets - -
- -
- -
- -
- -
Fund to which Current value
Details asset belongs Cost (optional) (optional)
B4 Assets retained for the - -
- -
- -
- -
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
B5 Liabilities -
-
-
-
-
Signed by one or two trustees on Date of
behalf of all the trustees Signature Print Name approval
DORAISWAMY SRINIVAS 28/03/2024
**----- End of picture text -----**
CCXX R2 accounts (SS) 27/03/2024 2 ## CHARITY COMMISSION **Independent examiner's report on the** FOR ENGLAND AND WALES **accounts** **Section A** ## **Independent Examiner's Report** **Report to the trustees/** Charity Name **SRINIVAS/ USHA CHARITABLE TRUST members of On accounts for the year_ 5 APRIL 2023 Charity no 1167851 ended {if any) Set out on pages** CC16a (pages 1-2), TAR (pages 1-9) (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended **05** _I_ **04** _I_ **2023.** |**Responsibilities and**
**basis of report**
**Independent**
**examiner's statement**
**Signed:**
**{if any):**
**Name:**
**Relevant professional**
**qualification{s) or body**
**Address:**|As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requi[ements of the Charities Act 2011
("the Act").
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.
I have completed my 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.
* _Please delete the words in the brackets if they do not apply._
~~.~~
1__~~_~~.~~_-~~=~~-~~�
~~=~~-----~~�~~
**Date:**~~I~~ 28March 2024
IRameshchandra Manilal Shah
I
FCA CTA(Fellow)
L
--------------------------
173 Cleveland Street
London
-
W1T 6QR| |---|---| ||173 Cleveland Street| ||London
-| ||W1T 6QR| **Oct 2018** 1 **IER** Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidan￿ for examiners). Give here brief details of any items that the examiner wlshes to disclose. IER Oct 2018