## **Trustees’ Annual Report for the period** **From April 2[nd] 2019 Period start date April 2[nd] 2019 to Period end date April 1[st] 2020** ## **Charity name: The Saraswati Scholarship Fund** ## **Charity registration number: 1176036** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The advancement of education of**
**selected students who wish to pursue a**
**career inthe field of Medicine. **| |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|**Fund raising through activities such as a**
**Xmas bazaar and private donations.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**Trustees have had regard to the guidance**
**issued by the Charity Commission on**
**public benefit.**| |**Additional information (optional)**
Youmay choose toincludefurtherstatements||whererelevant about:| ||SORP reference|| |Policy on grant making|Para 1.38|**Grants are made to students who need to**
**study Science subject in Year 11/12 for**
**entrance in the world of Medicine, when**
**they are unable to afford it by their own**
**means, and their schools do not provide**
**appropriate courses. Our academic**
**advisors assess each applicant’s**
**academic suitability.**| |Policy on social investment
including program related
investment|Para 1.38|**n/a**| |Contribution made by
volunteers|Para 1.38|**All the Trustees are volunteers and it is**
**they who fund raise, make the grants,**
**complete returns and manage the**
**publicity and events.**| |||| Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**Continuation of the funding of our first**
**scholarship recipients and commencing,**
**with some element of retrospective**
**payment, the funding of a third scholar.**
**In all three cases the Saraswati**
**Scholarships enabled students to**
**continue with their further education,**
**which would otherwise have been**
**impossible, for financial reasons.**| **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|**Objectives met**| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|**Fundraising was sufficient; The Safaswati**
**Fund’s grant making is bespoke and had**
**sufficient funds to cover these fees.**| |Investment performance
against objectives|Para 1.41|**n/a**| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**£18,180**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The Trustees know that demand for these**
**scholarships varies. We want to be able**
**to fund more students at one time if the**
**need arises but, significantly, we want to**
**be able to support students as long as**
**they need it; this, in the case of Medicine**
**for example, is hard to gauge initially.**| |Amount of reserves held|Para 1.22|**£18.180**| |Reasons for holding zero
reserves|Para 1.22|**n/a**| |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|**No uncertainties**| |**Additional information (optional)**
You may choose to include further statements|**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|**Fundraising through social fund raising**
**activities such as Xmas bazaars,**
**personal contacts and private donations.**| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**n/a**| |A description of the principal
risks facing the charity|Para 1.46|**A student being unable to complete the**
**courses or progress to the next level for**
**academic reasons. Financial pressures**
**on scholar from families.**| |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|**Trustees are chosen by recommendation**
**usually by one Trustee and then the**
**unanimous agreement of the other**
**Trustees**| |**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|**All the Trustees have first hand**
**knowledge of the circumstances,**
**education and students/recipients**
**concerned.**| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**There are 5 Trustees, 3 in the UK and 2 in**
**India. We work with other NGOs working**
**with very poor people in Kolkata.**| |Relationship with any related
parties|Para 1.51|**Informal and mutually beneficial.**| |Other||| ## **Reference and Administrative details** |Charity name|The Saraswati Scholarship Fund| |---|---| |Other name the charity uses|| |Registered charity number|1176036| |Charity’s principal address|3, Highgate West Hill
London
N66JS| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
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10
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Sophie Baker|Founding
Trustee/Chair|December 2017 until
present|| ||Jane Carling|Secretary|December 2017 until
present|| ||Sujata Sen|Academic Adviser|January 2018 until
present|| ||Natasha Whiting|Communications
and Marketing|January 2018 until
present|| ||Nikilish
Bhattacharia|Academic Adviser|January 2018|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| Corporate trustees – names of the directors at the date the report was approved **Director name n/a** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year **|| |---|---|---| |**n/a**||| |||| |||| |||| |||| |||| ## **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)** **Type of Name Address adviser** **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)** Jane Carling **Full name(s)** Elizabeth Jane Carling **Position (eg Secretary,** Secretary **Chair, etc) Date** 13/3/2021 **----- Start of picture text -----**
Charity Name No (if any)
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from Apr-19 Apr-20
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
5,224 - - 5,224 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
5,224 - - 5,224 -
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 5,224 - - 5,224 -
A3 Payments
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ - ] - - - -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments - - - - -
Net of receipts/(payments) 5,224 - - 5,224 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end 5,224 - - 5,224 -
**----- End of picture text -----**
CCXX R1 accounts (SS) 06/04/2021 1 ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**| |---|---|---|---| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval| CCXX R2 accounts (SS) 06/04/2021 2