2022-10-01-accounts - The Saraswati Scholarship Fund

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Trustees’ Annual Report for the period

From 02/04/2021 Period start date To 01/10/2022 Period end date

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 FOR THE PUBLIC BENEFIT THROUGH THE PROVISION OF ASSISTANCE TO YOUNG WOMEN AND GIRLS IN THE REPUBLIC OF INDIA, WITH A FOCUS ON KOLKATA, TO UNDERTAKE COURSES OF STUDY, TRAINING OR RESEARCH; AND 2) THE PREVENTION OR RELIEF OF POVERTY AND FINANCIAL HARDSHIP AMONG YOUNG WOMEN, GIRLS AND OTHER INDIVIDUALS OF NEED IN KOLKATA.
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) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
	Para 1.38	All the trustees are volunteers and all fundraising activities are by volunteers

Contribution made by volunteers 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	We have managed to send beneficiaries to full time education which they have largely completed successfully and therefore their funding will continue into their second year

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	The advancement of education for public benefit particularly in the medical world has been achieved Signifiantly relief of poverty, particularly as an effect of covid was achieved in both Calcutta and Nepal
Performance of fundraising activities against objectives set	Para 1.41	While the donors via direct debit have continued successfully, circumstances have not allowed us to do our customary fundraising activities for example The Christmas bazaar.
Investment performance against objectives	Para 1.41	N/A
Other		Close monitoring of applicants and of recipients is maintained by the trustees who are academic advisors (Sujata and Nikhilesh)

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Our current account balance is£21,551.82 as of 17/4/2023
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	This year we have received £1115 in donations via direct debits.
Amountof reservesheld	Para 1.22	£21,551.82
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	N/A

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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	Private Donors
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	Charities face various risks affecting their operations, finances, and reputation, including financial, operational, reputation, governance, and programmatic risks. To manage these risks, it is vital for charities to have a risk management plan, including regular monitoring and evaluation to respond effectively and maintain their financial stability and reputation while delivering programs and services which we apply in practise.
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	Sophie Baker, Jane Carling and Sujata Sen appoint Trustees.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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	N/A
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	N/A
Relationship with any related parties	Para 1.51	N/A
Other		N/A

Reference and Administrative details

Charity name	The Saraswati Scholarship Fund
Other name the charity uses	NONE
Registered charity number	1176036
Charity’s principal address	3 Highgate West Hill London N6 6AS

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year Nam e of pers on (or bod y) entit led to app oint trust ee (if any)
Sophie Baker	Founding Trustee	Dec 2017 - Present
Natasha Whiting	Comms and marketing	Jan 2018 - Present
Sujata Sen	Academic Advisor	Jan 2018 - Present
Jane Carling	Secretary	Dec 2017 - Present
Nikilesh Bhattacharya	Academic Advisor	Jan 2018 - Present

2 0

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address




Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) J Carlin� Full name(s) Jane Carling Position (eg Secretary, Secretary Chair, etc) Date 17/4/2023

Charity Name No (if any) THE SARASWATI SCHOLARSHIP FUND 1176036 Receipts and payments accounts

Period start date

Period end date 01/04/2022

For the period from 02/04/2021

Section A Receipts and payments

Unrestricted funds to the nearest £

Restricted Endowment Total funds funds funds

to the nearest £

to the nearest £ to the nearest £

A1 Receipts

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Website 24 - - 24
Future Hope (Covid relief) 1,000 - - 1,000
Rashni Saldhana’s fees p ( ) 400 - - 400
250 - - 250
Ruksha Khatoon 1,757 - - 1,757
- - - -
- - - -
- - - -
3,431 - - 3,431
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 3,431 - - 3,431
A3 Payments
- - - -
- - - -
- - - -
- - - -
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CCXX R1 accounts (SS)

04/17/2023

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- - - -
- - - -
- - - -
- - - -
- - - -
Sub total - - - -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - -
Total payments - - - -
Net of receipts/(payments) 3,431 - - 3,431
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end 3,431 - - 3,431
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Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Categories Details funds funds to nearest £ to nearest £ B1 Cash funds Current Balance 21,552 - - - - Total cash funds 21,552 - (agree balances with receipts and payments account(s)) Agreement Error OK Unrestricted Restricted funds funds

CCXX R2 accounts (SS)

04/17/2023

B2 Other monetary assets

B3 Investment assets

B4 Assets retained for the charity’s own use

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Details to nearest £ to nearest £
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Fund to which
Cost (optional)
Details asset belongs
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Fund to which
Cost (optional)
Details asset belongs
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CCXX R3 accounts (SS)

04/17/2023

B5 Liabilities

Signed by one or two trustees on behalf of all the trustees

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Fund to which Amount due
Details liability relates (optional)
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Signature Print Name Sophie Baker Sophie Baker

CCXX R4 accounts (SS)

04/17/2023

CC16a

Last year

to the nearest £

CCXX R5 accounts (SS)

04/17/2023

Endowment funds to nearest £ - - - - OK

Endowment funds

CCXX R6 accounts (SS)

04/17/2023

to nearest £

Current value (optional) - - - - -

Current value (optional)

CCXX R7 accounts (SS)

04/17/2023

When due (optional)

Date of approval 17/4/23

CCXX R8 accounts (SS)

04/17/2023