## **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** |1
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9|**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 **To** ## **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** **----- Start of picture text -----**
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 1 **----- Start of picture text -----**
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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) 2 04/17/2023 ## **B2 Other monetary assets** ## **B3 Investment assets** ## **B4 Assets retained for the charity’s own use** **----- Start of picture text -----**
Details to nearest £ to nearest £
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Fund to which
Cost (optional)
Details asset belongs
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Fund to which
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CCXX R3 accounts (SS) 3 04/17/2023 ## **B5 Liabilities** Signed by one or two trustees on behalf of all the trustees **----- Start of picture text -----**
Fund to which Amount due
Details liability relates (optional)
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**----- End of picture text -----**
Signature Print Name Sophie Baker Sophie Baker CCXX R4 accounts (SS) 04/17/2023 4 ## **CC16a** ## **Last year** ## **to the nearest £** **-** **-** **-** **-** CCXX R5 accounts (SS) 04/17/2023 5 **-** **-** **Endowment funds to nearest £ - - - -** OK **Endowment funds** CCXX R6 accounts (SS) 6 04/17/2023 ## **to nearest £** **-** **Current value (optional) - - - - -** **Current value (optional)** **-** CCXX R7 accounts (SS) 04/17/2023 7 ## **When due (optional)** Date of approval 17/4/23 CCXX R8 accounts (SS) 8 04/17/2023