## **Trustees' Annual Report for the period** **From** Period start date Period end date 01 January 2022 31 December 2022 **To** ## Section A Reference and administration details ## **Charity name** THE SAFFI FOUNDATION **Other names charity is known by Registered charity number (if any)** 1172261 **Charity's principal address** 36 MAIN STREET NORTH RAUCEBY SLEAFORD,LINCS **Postcode NG34 8QP** ## **Names of the charity trustees who manage the charity** **----- Start of picture text -----**
Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee (if
whole year
any)
1 ROBERT STAPLES
2 SANDRA JOHNSON
3 JEREMY DENT
4 ELIZABETH HAWKER
5 GILLIAN MUSSON
CHRISTINE
6
FLITCROFT
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
**----- End of picture text -----**
1 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document CONSTITUTION - (eg. trust deed, constitution) CHARITABLE INCORPORATED ORGANISATION How the charity is constituted - (eg. trust, association, company) Trustee selection methods Appointed by fellow trustees - (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** 1. **ADVANCEMENT OF EDUCATION IN ASIA** **Summary of the objects of the charity set out in its governing document** - Advancement of Education in Asia within disadvantaged and underprivileged schools, by providing and assisting in the provision of facilities for education and welfare of pupils. - For the public benefit to promote the education, including social and physical training, of people under the age of 25 in such ways as the charity trustees think fit, including the award 2 to such persons of scholarships, maintenance allowances or grants at any establishment of education. - Providing their education or to prepare for entry to any occupation, trade or profession on leaving any educational establishment. - To assist in such ways as the charity trustees think fit and charity in Asia whose aims include advancing education of persons under the age of 25 years by developing their mental, physical and moral capabilities through leisure time activities. ## 2. **THE PREVENTION AND RELIEF OF POVERTY IN ASIA** The Prevention or relief of poverty in Asia by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty. Improvements to schools in great disrepair and with inadequate, poor facilities and over-crowding, attended by under-privileged children in Rajasthan, India. These included contributions to the building of new classrooms, sanitary facilities and learning resources. Funding of education fees and running costs for orphaned children suffering from Aids living in a Care Home in Rajasthan, India. Contribution to funding of construction of new Care Home to enable greater intake of children. **Summary of the main** Contribution to funding of medical care and running costs to house and **activities undertaken for the** educate homeless and abused children, and child victims of trafficking, in **public benefit in relation to** Rajasthan, India. **these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** ## **Additional details of objectives and activities (Optional information)** 3 You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. 4 ## Section D Achievements and performance ## **Summary of the main achievements of the charity during the year** In conjunction with The Round Table India’s long-standing project Freedom through Education, The Saffi Foundation contributed to the building of 104 new classrooms and the repair of 20 classrooms within 28 schools throughout Rajasthan in 2022, with a total funding of just under £220,000. Saffi donated £28,855 to i-India, a charity in Rajasthan providing shelter, care and education to street and abused children, to assist the running of their shelter homes, their Health Project providing medical care, and teaching staff costs at their school for city slum children. The annual running costs of the Girls Wing of Bal Basera HIV Care Home in Jodhpur, India was again funded in the sum of £24,896. A further £15,593 was given to assist the construction costs of the new Home which reached completion in December and will increase capacity from 50 to 100 children. Taabar, a Jaipur based charity for victims of child trafficking, received a £20,543 donation from Saffi in contribution to their running costs of the Shelter Homes. 5 Section E Financial review We will endeavour to build up reseNes so that funding can b8 continuous. Brfof statomont of tho charlty's pollcy on reserves Detalls of any funds malerfally In d8fictt Further flnanclal r•viow dotails (Optional InfOrn￿t00nj You may choose to indude addltlonal Infomiatlon, where relevant about: the charty's prI[￿lp01 sources of funds (Includlng any fundralslngl., how expendtture has supported the key obj8CtiV95 of the ch8rity", Invèstment policy and objectives Sncludlng any ethlcal Investrnent policy adopted. Section F Other optional information Section G Declaration The trustees de¢laro Ihat they have approved tho trustees. report above. Signed on bohalf of the charitys trustees Slgnaturn(s) Full namo1•) Posltion S Johnson J Dent Trustee Truste8 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Saffi Foundation On accounts for the year ended 31" December 2022 Charity no {If any) 1172261 Set out on pages 1 to13 I report to the trustees on my examination of the accounts of the above charity ('the Trusf) for the year ended 3111212022. Rèsponsibilities and basis of As the charFty trustees of the Trust. you are responsible for the report preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Acf). I report in respe¢l 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 the applicable Directions given by the Charity Commission under section 145{5}(b) of the Acl. Independent examlner's statement I have compleled my examination. I confim that no material matters have come lo my attention in conneclion with the examination which gives me cause to believe Ihat in, any material respect.. accounting records were not kept in accordance with sect¥on 130 of the Act or the accounts do not accord with the accounting records I have no concerns and have Come across no other matters in connection wilh the examination to which attenlion should be drawn in order to enable a proper understanding of the accounts to be reached. Please delele the words in the brackets rfthey do not apply. Signed: Date: 25 JU￿ 2023 Name: Peter G Nicol Relevant professional quaiification(s) or body (if any): Institute of Chartered Accountants in England and Wales Address: Tower House, 269 Walmersley Road Bury BL9 6NX IER October 2018 Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to dlsclose. IER October 2018 |**The Saffi Foundation**|**The Saffi Foundation**|**The Saffi Foundation**|**Charity No**|**1172261**|| |---|---|---|---|---|---| |**Annual accounts for theperiod**|||||| |**Period start date**|**01/01/2022**|**To**|**Period end**
**date**|**31/12/2022**|| ## **Section A Statement of financial activities** |**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of income
Other
**_Total_**
**Resources expended (Note 4)**
**Expenditure on:**
Raising funds
Charitable activities
Separate material item of expense
Other
**_Total_**
Net gains/(losses) on investments
**Net income/(expenditure)**
**Extraordinary items**
**Transfers between funds**
Gains and losses on revaluation of fixed assets for the charity’s own use
Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward
**_Total funds carried forward_**
**Recommended categories by**
**activity**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**|**Total funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Prior year**
**funds**| |---|---|---|---|---|---| ||411,005|-|-|411,005|235,482| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||411,005|-|-|411,005|235,482| ||||||| ||-|-|-|-|-| ||308,897|-|-|308,897|217,508| ||-|-|-|-|-| ||597|-|-|597|1,761| ||309,494|-|-|309,494|219,269| ||||||| ||101,511|-|-|101,511|16,213| ||-|-|-|-|-| ||101,511|-|-|101,511|16,213| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||101,511|-|-|101,511|16,213| ||||||| ||34,368|-|-|34,368|18,155| ||135,879|-|-|135,879|34,368| Section B Balance sheet Ro*trictod Uftr•strlct•d Incom• ETrdo￿￿ Total thIB Tolal la•t fvnds nds funds Flxed assets F01 F02 F03 F04 FOS Curront assets Prppaym8nts (Note 8) Cash at bank and In hand (Notè n Total ¢urr•nt assets B10 135,879 135,879 135,879 135.879 34.368 34.368 Croditors: amounts falllng duo wlthln one year Net ¢unMt as8ets/{IlablHtles) B12 135,879 135,879 34,368 Total ass•ts l•ss cunwrtllabllldos 813 135,879 135,879 34,368 Credltors: amounts falllng duo aft•r one yoar Provlslon8 for Ilabllltl•s B14 B15 Totsl net assets orll•bllltl•s Fund8 of the Charlty Endowmgnt funds R•strÉct8d income funds Unr6s*rictod funds (Nol• 8) R•valuatlon r￿eT¥0 B16 135.879 135,879 34,368 B17 B19 135,879 135,879 34.368 Total lund$ 821 135 879 135,879 34.368 Signed by one or two truste8s on behaifof al the tnJstee8 Signature Print Name Date of apprnval S Johnyon J Dent ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with*  preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with*  the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ |An explanation as to those factors that support
the conclusion that the charity is a going
concern;
Disclosure of any uncertainties that make the
going concern assumption doubtful;
Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.|**_Not Applicable_**
| |---|---| ||**_Not Applicable_**| ||**_Not Applicable_**
| ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2 . |Yes*
No*||* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||||| |**_Please disclose:_**|||| |**_(i) the nature of the change in accounting policy;_**|||No changes to the accounting policies during the year| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). |Yes*
No*||~~*~~-Tick as appropriate|~~*~~-Tick as appropriate| |---|---|---|---| ||||| |**_Please disclose:_**|||| |**_(i) the nature of any changes;_**|||No changes to accounting estimates| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). |Yes*

No*
**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||||| ||||| |**_(i) the nature of the prior period error;_**|||No prior period errors identified| **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** |**Note 2 Accounting policies**
**2.2 INCOME**|||| |---|---|---|---| |_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different_
_or additional policy has been adopted then this is detailed in the box below._|Yes
No
N/a
||| |**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
**Offsetting**
**Grants and donations**
**Legacies**
**Government grants**
The charity has received government grants in the reporting period
**Donated goods**
**Support costs**
The charity has incurred expenditure on support costs.

the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and

the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
**Tax reclaims on donations**
**and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Contractual income and**
**performance related**
**grants**
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.|||| ||||| ||Yes
No
N/a
||| ||
||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| ||Yes
No
N/a||| ||||| |**Volunteer help**
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
**Provisions for liabilities**
**2.4 ASSETS**
These are capitalised if they can be used for more than one year, and cost at least
£500
They are valued at cost.
The depreciation rates and methods used are disclosed in note 9.2.
**Intangible fixed assets**
They are valued at cost.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income
in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5|**Volunteer help**
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
**Provisions for liabilities**
**2.4 ASSETS**
These are capitalised if they can be used for more than one year, and cost at least
£500
They are valued at cost.
The depreciation rates and methods used are disclosed in note 9.2.
**Intangible fixed assets**
They are valued at cost.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income
in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5|**Volunteer help**
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
**Provisions for liabilities**
**2.4 ASSETS**
These are capitalised if they can be used for more than one year, and cost at least
£500
They are valued at cost.
The depreciation rates and methods used are disclosed in note 9.2.
**Intangible fixed assets**
They are valued at cost.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income
in the SoFA.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---|---| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| |||£500|||| ||||||| ||||||| ||||Yes
No
N/a||| ||||||| ||||Yes
No
N/a||| ||||||| |**Heritage assets**
Yes
No
N/a

Yes
No
N/a
They are valued at cost.

**Investments**
Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

**Debtors**
Yes
No
N/a

Yes
No
N/a

Yes
No
N/a
They are valued at fair value except where they qualify as basic financial instruments.

The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset investments**
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---| |||||| ||Yes
No
N/a|||| |||||| ||Yes
No
N/a|||| |||||| ||Yes
No
N/a|||| |||||| ||Yes
No
N/a|||| |||||| ||Yes
No
N/a|||| |||||| ||Yes
No
N/a|||| |||||| ||Yes
No
N/a|||| |||||| |||||| ||Yes
No
N/a|||| |||||| **POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE** **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Analysis**
**Total funds**
**Prior year**
**£**
**£**
Donations andgifts
411,005 - - 411,005 235,482
Gift Aid
- - - - -
Legacies
- - - - -
- - - - -
- - - - -
Donatedgoods,facilities and services
- - - - -
Other
- - - - -
**Total**411,005 - - 411,005 235,482
- - - - -
- - - - -
- - - - -
Other
- - - - -
**Total**- - - - -
- - - - -
- - - - -
- - - - -
Other
- - - - -
**Total**- - - - -
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasingincome
- - - - -
Other
- - - - -
**Total**- - - - -
**Other:**
Conversion of endowment funds into income
- - - - -
- - - - -
- - - - -
- - - - -
Other
- - - - -
**Total**- - - - -
**TOTAL INCOME**
411,005 - - 411,005 235,482
**Other information:**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Donations**
**and legacies:**
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
**Charitable**
**activities:**
**Other trading**
**activities:**
**Income from**
**investments:**
Gain on disposal of a tangible fixed asset held
for charity's own use
Gain on disposal of a programme related
investment
Royalties from the exploitation of intellectual
propertyrights|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**|**Analysis**
**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||Donations andgifts|411,005|-|-|411,005|235,482| ||Gift Aid|-|-|-|-|-| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|-|-|-|-|-| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|-| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|411,005|-|-|411,005|235,482| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasingincome|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset held
for charity's own use|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||411,005|-|-|411,005|235,482| |||||||| |**All income in the prior year was unrestricted except for: (please**
**provide description and amounts)**||Not Applicable||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||Not Applicable||||| |||||||| |**Within the income items above the following items are material:**
**(please disclose the nature, amount and any prior year**
**amounts)**||Not Applicable||||| **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of expenditure** |**Analysis**
Incurred seeking donations
Incurred seeking legacies
Incurred seeking grants
Stagingfundraisingevents
Fundraisingagents
Operatingcharityshops
Database development costs
Other tradingactivities
Investment management costs:
Portfolio management costs
Cost of obtaininginvestment advice
Investment administration costs
Intellectualpropertylicencingcosts
**Total expenditure on raising funds**
Donations
**Other**
Bank Charges
Miscellaneous
**Total other expenditure**
**TOTAL EXPENDITURE**
**Expenditure on**
**raising funds:**
Operating membership schemes and
social lotteries
Operatinga tradingcompany
Advertising,marketing,direct mail and
Start up costs incurred in generating
new source of future income
Rent collection, property repairs and
maintenance charges
**Expenditure on**
**charitable**
**activities**
**Total expenditure on charitable**
**activities**|**Analysis**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||Incurred seeking donations|-|-|-|-|-| ||Incurred seeking legacies|-|-|-|-|-| ||Incurred seeking grants|||||| ||Operating membership schemes and
social lotteries|||||| ||Stagingfundraisingevents|||||| ||Fundraisingagents|||||| ||Operatingcharityshops|||||| ||Operatinga tradingcompany|||||| ||Advertising,marketing,direct mail and|-|-|-|-|-| ||Start up costs incurred in generating
new source of future income|-|-|-|-|-| ||Database development costs|-|-|-|-|-| ||Other tradingactivities|||||| ||Investment management costs:|-|-|-|-|-| ||Portfolio management costs|-|-|-|-|-| ||Cost of obtaininginvestment advice|-|-|-|-|-| ||Investment administration costs|-|-|-|-|-| ||Intellectualpropertylicencingcosts|-|-|-|-|-| ||Rent collection, property repairs and
maintenance charges|-|-|-|-|-| ||**Total expenditure on raising funds**|-|-|-|-|-| |||||||| ||Donations|308,897|-|-|308,897|217,508| |||-|-|-|-|-| ||**Total expenditure on charitable**
**activities**|308,897|-|-|308,897|217,508| |||||||| ||Bank Charges|511|-|-|511|394| ||Miscellaneous|86|-|-|86|1,367| ||**Total other expenditure**|597|-|-|597|1,761| |||||||| |||309,494|-|-|309,494|219,269| **Section C Notes to the accounts (cont)** ## **Note 5 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **5.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**|**Grants to**
**individuals**|**Support costs**|**Total**| |---|---|---|---|---| ||||**£**|**£**| |i-India|**28,855**||-|**28,855**| |Bal Basera HIV Care Home|**40,849**||-|**40,849**| |Round Table - Freedom through
Education|**218,650**||-|**218,650**| |Taabar|**20,543**|||| |**_Total_**|**308,897**|**-**|**-**|**288,354**| _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **5.2 Grants made to institutions** _**My charity has made grants to particular institutions that are material in the context of its grantmaking.**_ |**Names of institution**|**Purpose**|**Total amount of**
**grants paid £**| |---|---|---| |i-India|Please see p5 of the
Trustees' Annual
report|**28,855**| |Bal Basera HIV Care Home||**40,849**
| |Round Table India – Freedom Through Education||**218,650**
| |Taabar||**20,543**| |||| |**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**
**_TOTAL GRANTS PAID_**||**308,897**| |||| |||**308,897**| **Section C Notes to the accounts (cont)** |**Note 6 Prepayments**
**Prepayments (refund due)**
**Total**
**Note 7 Cash at bank and in hand**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at bank and on hand**
**Other**
**Total**||| |---|---|---| ||**This year**
**£**|**Last year**
**£**| ||-|-| |||| ||-|-| |||| ||**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||135,879|34,368| ||-|-| ||135,879|34,368| **Section C Notes to the accounts (cont)** ## **Note 8 Charity funds** ## **8.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**£**
**Fund**
**balances**
**brought**
**forward**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**£**
**Gains and**
**losses**|**£**
**Fund**
**balances**
**carried**
**forward**| |Unrestricted|UR|to meet the objectives of the charity|34,368|411,005|- 309,494|-|-|135,879| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||34,368|411,005|- 309,494|-|-|135,879| **Section C Notes to the accounts (cont)** ## **Note 9 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **9.1 Trustee remuneration and benefits** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **----- Start of picture text -----**
TRUE
**----- End of picture text -----**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_ |**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**| |---|---|---|---|---|---|---| |||**Thisyear**||||**Lastyear**| |||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**TOTAL**| |||**£**|**£**|**£**|**£**|**£**| |||||||| _**Please give details of why remuneration or other employment benefits were paid.**_ _**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_ ## **9.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ **----- Start of picture text -----**
No trustee expenses have been incurred (True or False) TRUE
This year Last year
Type of expenses reimbursed
£ £
Travel
Subsistence
Accommodation
Other (please specify):
Travel Visa £0 £963
TOTAL
Please provide the number of trustees reimbursed for
expenses or who had expenses paid by the charity 0
**----- End of picture text -----**
## **9.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ **There have been no related party transactions in the reporting period (True or False)** **----- Start of picture text -----**
FALSE
**----- End of picture text -----**
|**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**|
**Amounts**
**written off**
**during**
**reporting**
**period**| |---|---|---|---|---|---|---| |**Hurlingham Estates**
**Ltd**|**R Staples**
**shareholder**
**of**
**Hurlingham**
**Estates Ltd &**
**Trustee**|
**Donation from**
**Hurlingham Estates Ltd**|**£250,000**|**£0**|**£0**|**£0**| |**Townhead**
**Investments Ltd**|**R Staples**
**shareholder**
**of Townhead**
**Investments**
**Ltd & Trustee**|
**Donation from**
**Townhead Investments**
**Ltd**|**£150,000**|**£0**|**£0**|**£0**| _**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_ **there were no conditions to the donation** _**For any related party, please provide details of any guarantees given or received.**_ **there were no guarantees given**