2021-04-01-accounts - The Saraswati Scholarship Fund

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year 01 April 2020 31 03 2021 04 To

From

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 16100603 Charity's principal address

The Saraswati Scholarship Fund

n/a

Postcode

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Sophie Baker	Founding Trustee
Jane Carling	Secretary
Sujata Sen	Academic Advisor
Natasha Whiting	Communications and Marketing
Nikilish Bhattacharia	Academic Advisor















Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name		Dates acted if not for whole year

TAR

March 2012

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

constitution

Type of governing document (eg. trust deed, constitution) Association and committee How the charity is constituted (eg. trust, association, company) Selected and appointed by Founding Trustee and Secretary . Trustee selection methods (eg. appointed by, elected by)

Additional governance issues (Optional information)

The advancement of education of selected students who wish to pursue a You may choose to include career in the field of medicine. 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

TAR

March 2012

Fund raising through activities such as bazaars and private donations. Gift Aid Prior to registration the Fund had funds of £11,620 Summary of the objects of the charity set out in its governing document Trustees of the Saraswati Scholarship Fund have regard to the guidance issued by the Charity Commission on public benefit. Summary of the main activities undertaken for the public benefit in relation to 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)

TAR

March 2012

Grants are made to the education providers of courses and tuition which is appropriate to facilitate the academic progress of the selected student. The selected student will have

expressed the aim of working in the medical world
been assessed to have academic suitability and
insufficient financial means to pursue appropriate studies without financial assistance.

You may choose to include further statements, where relevant, about:

Provision is sometimes made to relieve poverty around the recipient so that their further education to be tenable.

policy on grantmaking;
policy programme related investment;

All the organisation, administration, running and fund raising of this organisation is by volunteers.

contribution made by volunteers.

Section D Achievements and performance

TAR

March 2012

Section D Achievements and erformance p

Summary of the main achievements of the charity during the year

During the year 2020/2021 the Fund has

continued to finance the education of one student  relieved the poverty- exacerbated by the Covid pandemic –of associated people in the Kolkota area
Raised funds through private donation

TAR

March 2012

Section E Financial review

Objectives met £ 24392 Brief statement of the NatWest Bank charity’s policy on reserves  Financial support of students’ academic work, mainly on line.IT support.  Relief of poverty for associated families.

Details of any funds materially in deficit

n/a

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

the charity’s principal sources of funds (including any fundraising);
how expenditure has supported the key objectives of the charity;
investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

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, Chair, Secretary etc)

Date 25th June 2021

TAR

March 2012

Charity Name CC39a Annual accounts for the period 1st April 2020 31sr Charity No (if any) Period start date 31st March 2021	Charity Name	Charity Name	Charity Name	Charity No (if any)		CC39a
	Annual accounts for the period
	1st Period start date	April 2020	31sr	31st March 2021
Section A Statement of fnancial activities
Note £ £ £ £ £ Incoming resources (Note 3) F01 F02 F03 F04 F05 £ 6,694 - - 6,694 - £ 2,123 - - 2,123 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - *Total incoming resources* S01 8,817 - - 8,817 - Resources expended (Notes 4-7) £ 250 - - 250 - £ 500 - - 500 - £ 96 - - 96 - £ 1,780 - - 1,780 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - *Total resources expended* S02 2,626 - - 2,626 - S03 6,191 - - 6,191 - *Gross transfers between funds* S04 - - - - - S05 6,191 - - 6,191 - S06 - - - - - Gains and losses on investment assets S07 - - - - - *Net movement in funds* S08 6,191 - - 6,191 - Total funds brought forward S09 - - - - - Descriptions by natural category Unrestricte d funds Restricted income funds Endowment funds Total this year Total last year *Net incoming/(outgoing) resources* *before transfers* *Net incoming/(outgoing) resources* *before other recognised gains/* *(losses)* Other recognised gains/(losses) Gains and losses on revaluation of fxed assets for the charity’s own use
		-	-	-	-	-
		-	-	-	-	-
		6,191	-	-	6,191	-
		-	-	-	-	-

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Total funds carried forward S10 6,191 - - 6,191 -

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Section B Balance sheet

Note Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets (Note 8) B01 - - B02 - - Investments (Note 9) B03 - - *Total fxed assets* B04 - - Current assets Stock and work in progress B05 - - Debtors (Note 10) B06 - - (Short term) investments B07 - - Cash at bank and in hand B08 - - *Total current assets* B09 - - B10 - - *Net current assets/(liabilities)* B11 - - *Total assets less current liabilities* B12 - - B13 - - Provisions for liabilities and charges B14 - - *Net assets* B15 - - Funds of the Charity Unrestricted funds B16 - - Designated funds B17 - - Total unrestricted funds - - B18 - - B19 - - *Total funds* B20 - - Signature Date of approval Creditors: amounts falling due within one year (Note 11) Creditors: amounts falling due after one year (Note 11) Restricted income funds (Note 12) Endowment funds(Note 12) Signed by one or two trustees on behalf of all the trustees	Note Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets (Note 8) B01 - - B02 - - Investments (Note 9) B03 - - *Total fxed assets* B04 - - Current assets Stock and work in progress B05 - - Debtors (Note 10) B06 - - (Short term) investments B07 - - Cash at bank and in hand B08 - - *Total current assets* B09 - - B10 - - *Net current assets/(liabilities)* B11 - - *Total assets less current liabilities* B12 - - B13 - - Provisions for liabilities and charges B14 - - *Net assets* B15 - - Funds of the Charity Unrestricted funds B16 - - Designated funds B17 - - Total unrestricted funds - - B18 - - B19 - - *Total funds* B20 - - Signature Date of approval Creditors: amounts falling due within one year (Note 11) Creditors: amounts falling due after one year (Note 11) Restricted income funds (Note 12) Endowment funds(Note 12) Signed by one or two trustees on behalf of all the trustees	Note Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets (Note 8) B01 - - B02 - - Investments (Note 9) B03 - - *Total fxed assets* B04 - - Current assets Stock and work in progress B05 - - Debtors (Note 10) B06 - - (Short term) investments B07 - - Cash at bank and in hand B08 - - *Total current assets* B09 - - B10 - - *Net current assets/(liabilities)* B11 - - *Total assets less current liabilities* B12 - - B13 - - Provisions for liabilities and charges B14 - - *Net assets* B15 - - Funds of the Charity Unrestricted funds B16 - - Designated funds B17 - - Total unrestricted funds - - B18 - - B19 - - *Total funds* B20 - - Signature Date of approval Creditors: amounts falling due within one year (Note 11) Creditors: amounts falling due after one year (Note 11) Restricted income funds (Note 12) Endowment funds(Note 12) Signed by one or two trustees on behalf of all the trustees
	Signature Date of approval

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Section C Notes to the ac

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic co value) in accordance with:

Accounting and Reporting by Charities – Statement of Recom

ü Accounting Standards;

• and with* ü Accounting Standards; or Financial Reporting Standards for

and with the Charities Act.
[** except for the following].

Give details in this box if a different standard has been

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given
if disclosures completed in these accounts have been restrict
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation except for the following).

Give details in this box of any material changes that ha

§ if no changes have been made to accounting policies then delete th

1.3 Changes to previous accounts

No changes have been made to accounts for previous years (§§

Give details in this box of any material changes that ha

§§ if no changes have been made to accounts for previous periods th

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ccounts

st (except that investments are shown at market

mmended Practice (SORP 2005);

Smaller Enterprises (FRSSE);

followed.

then please tick “Accounting Standards”;

ted to those required by the FRSSE, then please tick

n delete these words; otherwise give details of any changes

n rules and methods of accounting) since last year (§

ave been made.

hese words.

§ except for the following).

ave been made.

hen delete these words.

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Section C Notes to the accounts (co

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	· the charity becomes entitled to the resources;
	· the trustees are virtually certain they will receive the resources; and
	· the monetary value can be measured with sufcient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the beneft to the charity is reasonably quantifable, measurable and material_._
	The value placed on these resources is the estimated value to the charity of the service or
	facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specifc level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specifed service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
ASSETS
Tangible fxed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE	These are valued at the lower of cost or market value.

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Section C Notes to the accounts

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accoun

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Unrestricted restricted
Analysis £ £
Total
Total
Total
Total
Total
Total
Total
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(cont)

nts.

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This year Last year
£ £
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Section C Notes to the accounts

Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.

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Unrestricted restricted This year
Analysis £ £ £
-
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-
-
-
-
-
-
Total -
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Total -
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Total -
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Total -
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(cont)

Last year £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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Section C Notes to the accounts

Note 5 Details of certain items of expenditure

5.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses Total amount paid

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This year Last year
£ £
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5.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Independent examiner’s or auditors' fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor

	This year £	Last year £

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Section C Notes to the accounts

Note 6 Paid employees Please complete this note if the charity has any employees.

6.1 Staff Costs

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|||| |---|---|---| |This year|Last year| |£|£| |Gross wages, salaries and benefits in kind|- -| |Employer’s National Insurance costs|- -| |Pension costs|- -| |- -| |Total staff costs|- -| |6.2 Average number of full-time equivalent employees in the|This year|Last year| |year|Number|Number| |The parts of the charity in which the|- -| |employees work|- -| |- -| |- -| |Total|- -|

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6.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme

The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

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||| |---|---| |This year|Last year| |£|£|

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Section C Notes to the accounts

Note7 Grantmaking

Please complete this note if the charity made any grants or donations which in aggre material part of the charitable activities undertaken.

7.1 Total value of grants

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Grants to
institutions
Purpose for which grants made Total amount
£
-
-
-
-
-
-
Total -
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7.2Grants made to institutions

If the charity has made grants to particular institutions that are material in the conte grantmaking please give details of the institution supported, purpose of the grant an each institution listed. Sufficient information should be given to provide a reasonabl of the range of institutions supported.

Names of institutions Purpose

Total grants to institutions

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egate form a

Grants to individuals Total amount £ - - - - - - -

ext of its nd total paid to le understanding

Total amount of grants paid £ - - - - - - - - - -

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Section C Notes to the accounts

Note8 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

8.1 Cost or valuation

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Freehold land Other land & Plant, Fixtures, Payments on Total
& buildings buildings machinery fittings and account and
and motor equipment assets under
vehicles construction
£ £ £ £ £ £
Balance brought - - - - - -
forward
Additions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers * - - - - - -
Balance carried - - - - - -
forward
8.2 Accumulated depreciation and impairment provisions
Basis SL or RB SL or RB SL or RB SL or RB SL or RB
Rate
Balance brought - - - - - -
forward
Depreciation charge - - - - - -
for year
Impairment provisions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers - - - - - -
Balance carried - - - - - -
forward
8.3 Net book value
Brought forward - - - - - -
Carried forward - - - - - -
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8.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts

Note 9 Investment assets

Please complete this note if the charity has any investment assets.

9.1 Fixed assets investments

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|||| |---|---|---| |£| |Carrying (market) value at beginning of year|-| |Add:|additions to investments at cost|-| |Less:|disposals at carrying value|-| |Add/(deduct):|net gain/(loss) on revaluation|-| |Carrying (market) value at end of year|-|

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Please provide below:

9.2 A breakdown of the market values of investments shown above agreeing with the row B03.

9.3 A breakdown of the income from investments agreeing with SOFA.

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||| |---|---| |Analysis of investments|9.2| |Market value| |at year end| |£| |Investment properties|-| |Investments listed on a recognised stock exchange or held in common|-| |investment funds, open ended investment companies, unit trusts or other| |collective investment schemes| |Investments in subsidiary or connected undertakings and companies|-| |Securities not listed on a recognised Stock Exchange|-| |Cash held as part of the investment portfolio|-| |Other investments| |-| |Total|-|

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9.4 Material investment holdings

If any investments are material in terms of their value (for example each represents more cent of the value of the charity’s total investments) please provide details.

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Market value
at year end
Investment held £
-
-
-
-
Total -
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balance sheet

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9.3
Income from
investments
for the year
£
-
-
-
-
-
-
-
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than 5 per

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Section C Notes to the accounts (co

Note 10 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

Note 11 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 11.1 Analysis of creditors

Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

11.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

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ntl CC17a IExcell 19 0112412022

Section C Notes to the accounts

Note 12 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

12.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

permanent endowment funds (PE);
expendable endowment funds (EE); and
restricted income funds, including special trusts, of the charity (R).
other funds .

Fund Name

Type PE, EE , R or other

Purpose and restrictions

12.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

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Fund Fund
balances balances
brought Incoming Resources Gains and carried
forward resources expended Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total Funds - - - - - -
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12.3 Transfers between funds

Please give details of any transfers between funds.

From Fund (Name) To Fund (Name) Reason Amount

12.4 Analysis of net assets between funds

£ Unrestricted funds	£ Restricted funds	£ Endowed funds	Total £
-	-	-	-
-	-	-	-
-	-	-	-

-	-	-	-

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Section C Notes to the accounts

Note 13 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses note 5) details of such transactions should be provided in this note. If there are no trans report, please enter “None” in the relevant boxes.

13.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits pa or other related parties by the charity or any institution or company connected with it.

	Name of trustee or related party	Legal authority (eg order, governing document)	Amounts paid o
			This year £

13.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other relate the charity at the year end.

Due to trustees and related parties Due from trustees and related parties	Name of trustee or related party	Legal authority	Amoun
			This year £

13.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in whic related party has a material interest.

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	This year £

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(co

s explained in sactions to

aid to a trustee

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or benefit value
Last year
£
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ed parties by

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t owing
Last year
£
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ch a trustee or

Last year £

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ote 14 Additional Disclosures

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Income categories

Donations, legacies and Grants Fundraising events Shop sales Interest and dividends fees for charitable services Grants for services

Expenditure categories

Wages, salaries, pensions and NI Cost of fundraising events Rent, rates and Insurance Repairs and maintenance Light and heat telephone postage and stationery Donations and Grants legal and professional fees bank charges and interest depreciation Insurance

To edit the lists replace existing categories on either list with the new headings you prefer to use.