Company registration number 09215408 IEngland and Wales) Charity registration number 1172161 {England and Wales) THE SERENDIPITY FOUNDATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
THE SERENDIPITY FOUNDATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees V Sehgal R K Sehgal Charity nurnber 1172161 Company number 09215408 Reglstered offlce clo Union Propety Services Ltd Cobalt 3.2 Silver Fox Way Cobalt Business Park Newcastle upon Tyne Tyne and Wear NE27 OQJ Independent examiner Robson LaidlerAccounlanls Limited Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear England NE2 1TJ Bankers National Westminster Bank PIC 1 S Northumberland Street Newcastle upon Tyne NE17EL
THE SERENDIPITY FOUNDATION LIMITED CONTENTS Page Trustees, report Stslemenl of trustees. responsibilities Independent examinerfs report Statement of financial activities Stslemenl of financial position Notes lo the financial statements 7-11
THE SERENDIPITY FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 The trustees present their annual report and financial statements for the year ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalements and comply with the charity's Articles of Association, the Companies Act 2006 and Accounting and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and activities Obj8ctiv&s and aims The charity is established for the benefit of the public in the UK and India with the following aims and objectives.. to preserve and protect good health to relieve financial hardship - to advan education to promote humane behaviour lowaids animals The charity achieves this through the provision of grants to registered charities and other organisalions estsblished to cary out the above adivities. Publ1¢ benoflt The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities. Volunteers The company is not dependent upon voluntary helpers. Achievements and performance FlnanGlal revlew Financial position During the year lo 30 September 2025 the charity received income lotslling £101,20012024.. £51,200) and incurred expenditure of £28,35312024". £67,749) leaving the overall surplus for the year al £72,84712024." deficit £16,549). Total free reserves for use by the charity at 30 September 2025 stood al £123,328. Prlnclpal fundlng sources The company's income consists of ad hoc donations from individuals and businesses. Reserves policy The charity maintains reserves of at least £3,000 which the trustees consider is sufficient to cover the charitls administrative expenditure for a period of at least 12 months.
THE SERENDIPITY FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 structure, governance and management Governlng document The Serendipity Foundation Limited is a company limited by guarantee, incorporated on 12 September 2014, and its governing document is ils Articles of Association (amended by special resolution registered al Companies House on 16 March 20171. It registered as a charity with the Charities Commission on 20 March 2017. Recruitment and appointment of new trustees From lime lo lime It Is necessary for the charity to recruit new Iruslees to replace those that have either resigned during their term of office, or by way of anticipating planned retirements, after the completion of a single term. When a vacancy occurs, the Board will determine the mix of skills and experien needed so as to ensure a fully functioning team of trustees and will seek lo identify individuals who appear lo have the qualities and interest in what we do. Oryanisational structure The trustees meet on a regular basis lo administer all matters in respect of the charity induding the payment of donations. Risk management The trustees have a duly lo identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. Share capital The company is limited by guarantee and does not have a share capital. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Tru$tegsIDlre¢tors V Sehgal R K Sehgal The trustees, report was approved by the Board of Trustees. V Sehgal Trustee 26 June 2026
THE SERENDIPITY FOUNDATION LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Iruslees, who are also the directors of The Serendipity Foundation Lirniled for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. Company law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources, Induding the income and expenditure, of the charitsble company for that year. In preparing these financial stalemenls, the trustees are reqUId lo". select suitable accounting policies and then apply them ¢onsistenlly', observe the methods and principles in the Charities SORP", make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disdose wth reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE SERENDIPITY FOUNDATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SERENDIPITY FOUNDATION LIMITED I report lo the Iruslees on my examination of the financial slalements of The Serendipity Foundation Limited (the charilyl for the year ended 30 September 2025. Responsibilities and basis of report As the trustees of the charity land also ils directors for the purposes of company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial slalements of the charity are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I report in respect of my examination of the charity's financial statements carried 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 1451511bl of the CharitiesAct 2011. Independent examln&rfs statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that In any material respect". accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 398 of the Companies Act 2006 other than any requirement that the financial slalements give a true and fair view, which is not a matter considered as part of an independent examination.. or the financial statements have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable lo charities preparing their financial slalements In accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Peter Charles Bsc FCA Robson Laidler Accountants Limited Fernwood House Fernwood Road Jesmond Newcastle upon Tyne Tyne and Wear NE2 1TJ England Dated..
THE SERENDIPITY FOUNDATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Current financial year Unrestrlcted funds 2025 Total Totsl 2025 2024 Notes Income from- Donations and legacies 101,200 101.200 51,200 enditure on- Charitable activities 28,353 28,353 67,749 Net incomellexpenditurel for the yearl Net movement In funds 72,847 72,847 116,5491 Fund balances al 1 October 2024 50,481 50,481 67,030 Fund balances at 30 September 2025 123,328 123,328 50,481 The ststemenl of financial activities includes all gains and losses recognised in the year. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. Prior financial year Unrestricted funds 2024 2024 Notes In¢om9 from: Donations and legacies 51,200 51,200 Ex enditure on: Charitable activities 67,749 67,749 Net incomellexpenditurel for the yearl Net movement In funds 116,549} 116,5491 Fund balances al 1 October 2023 67,030 67,030 Fund balances at 30 September 2024 50,481 50,481
THE SERENDIPITY FOUNDATION LIMITED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2025 2025 2024 Notes Current assets Debtors Cash at bank and in hand 37,500 86,548 51,855 124,048 51,855 Creditors- amounts falling due within one year 10 17201 11,3741 Net current assets 123,328 50,481 The funds of the charlty Unrestricted funds 11 123,328 50,481 123,328 50,481 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006 for the year ended 30 September 2025. The directors acknowledge their responsibilities for complying with the reqLJirements of the Companies Act 2006 with respect lo accounting records and the preparab'on of financial statements. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476. These financial siatements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial stslemenls were approved by the trustees on 26 June 2026 V Sehgal Trustee
THE SERENDIPITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting policies Charity inforniation The Serendipity Foundation Limited is a private cornpany limited by guarantee incorporated in England and Wales. The registered office is clo Union Property Services Ltd, Cobalt 3.2 Silver Fox Way, Cobalt Business Park, Newcasue upon Tyne, Tyne and Wear, NE27 OQJ. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 °The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" leffedive 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for Charities not to prepare a Statement of Cash Flows. The financial slalemenls are prepared in UK sterling which is the functional currency of the charity. Monetary amounts in these financial ststemenls are rounded to the nearest £1. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Income All income is recognised in the Slalement of Financial Adivities once the charity has enti(lemenl lo the funds, it is probable that the income will be received and the amount can measured reliably. 1.3 Expenditure Liabilitie5 are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in setdement and the amount of the obligation can be measured lIablY. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. ere costs cannot be diredy attributed lo particular headings they have been allo¢aled to activities on a basis consislenl with the use of resources. Grants offered subject lo conditions which have not been mel at the year end dale are noted as a commitment bul not accrued as expenditure. 1.4 Cash and cash equlvalents Cash and cash equivalents comprises cash in hand and current balances with banks and other inslilulions, which are readily convertible lo known amounts of cash and which are subject to insignificant risk of change in value. 1.5 Taxation The charity is exempt from corporation tsx on its charitsble activities. 1.6 Fund accounting Unrestri¢led funds can be used in accordance with the charitsble objectives at the discretion of the tru$lee$. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Reslriclions 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 lo the financial slalements.
THE SERENDIPITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles Icontlnuedl 1.7 Debtors and credltors recelvablelpayable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable ¥Mthin one year are recorded al transaction price. Any losses arising from impairment are recognised in the profit and loss account in other adminislralive expenses. Income from donations and legacies Unrestricted funds 2026 Unrestricted funds 2024 Donations and grfts 101,200 51,200 Expenditure on charitable activities Unrestricted Unrestricted funds funds 2025 2024 Direct costs Grant funding of activities (see note 41 27,633 67,022 Share of support and governance costs (see note 51 Governance 720 727 28,353 67,749 Analysis by fund Unrestricted funds 28,353 67,749 Grants payable Unrestrlcted Unrestrlcted funds funds 2025 2024 Grants lo institutions.. Marie Curie Track World Ilravel for Indian priest in UK) Rays Of Sunshine Hindu Temple Newcastle Nepal Run UK Donations lo other institutions < £2,500 53,893 4,328 1,268 10,000 6,050 2,596 7,719 8,801 27,633 67,022
THE SERENDIPITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Grants payable Icontlnuedl Commitments For Marie Curie the remaining potential commitment as at 30 September 2025 is £27,500 subject to the recipient meeting the conditions of the grant. Support costs allocated lo actlvltlos 2025 2024 Independent examination fee 720 727 Analysed between- Unrestricted funds 720 727 Trustees None of the trustees lor any persons connected with them) received any remuneration from the charity during the year. Employ99$ The average monthly number of employees during the year was.. 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes. Debtors 2025 2024 Amounts falling due within one year: Other debtors 37,500 10 Creditors: amounts falling due within one year 2025 2024 Accruals and deferred income 720 1,374
THE SERENDIPITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 11 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These Indude designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 October 2024 Incoming resources Resources expended At30 September 2025 General funds 50,481 101,200 128,3531 123,328 Prnvious yoar: At 1 October 2023 Incoming resources Resources expended At30 September 2024 General funds 67,030 51.200 167,7491 50,481 12 Analysis of net assets between funds Unrestrlcted funds 2025 At 30 September 2025: Current assetsllliabililiesl 123,328 123,328 Unr9$trlctgd funds 2024 At 30 September 2024: Current assetsllliabilitiesl 50,481 50,481 10-
THE SERENDIPITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2025 13 Related party transactions Transactions with related parties During the year the charity entered into the followng transactions with related parties.. Donations rgcelvablg 202S 2024 Other related parties 100,000 50,000 100,000 50,000 The followng amounts were oulslanding at the porting end dale.. Amounts owed by related Amounts owed by related parties parties 2025 2024 Balance Balance Net Net Other related parties 37,500 37,500 37,500 37,500