## **Trustees’ Annual Report for the period** **From 02/10/2022 Period start date To date** ## **01/10/2023 Period end** ## **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 the education of**
**selected students who wish to pursue a**
**career in the 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 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|**Grants are made to students who need to**
**study Science subjects in Year 11/12 and**
**thereafter follow vocational, medically**
**linked courses and cannot afford to do so**
**without financial assistance.**| |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, advise, select and**
**mentor recipients of the grants**| |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|**The charity has continued to fund**
**recipients as necessary until they finish**
**their qualifications and secure jobs. Two**
**new students have been selected and in**
**each case they would have been unable**
**to pursue their course of action without**
**(our) financial support. Their families, if**
**they exist, benefit from one of their**
**number being independently financed**
**and society benefits from the work of**
**these beneficiaries.**| |**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:| |---|---|---| |Achievements against
objectives set|Para 1.41|**Objectives met**| |Performance of fundraising
activities against objectives
set|Para 1.41|**Informal fundraising was sufficient; the**
**Saraswati Fund’s grant making is**
**bespoke and careful in its commitments**
**and it continues to have funds sufficient**
**to cover the fees and other requirements**
**such as the purchase of books.**| |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|**Income £1514. Spending £8937.**
**Our extant funds easily covered**
**expenditure and foreseeable expenditure**
**in support of these recipients.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**n/a**| |Amount of reserves held|Para 1.22|**£20,734**| |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|**It is our intention to see current**
**recipients of our grants through for as**
**long as they need us but not to initiate**
**any new support for individuals.**| ## **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 donations including direct debits**| |---|---|---| |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 may not be able to complete**
**the course (s) or progress to the next**
**level for academic reasons.**
**The Fund may not be able to grant funds**
**to a student for contextual reasons.**
**The Charity is committed to prioritising**
**enabling the students currently receiving**
**a grant to complete their qualifications**
**over granting new students.**| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||**Trust deed**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Trustees are chosen by recommendation**
**usually by one Trustee and then**
**agreements of the other Trustees. In**
**effect this agreemens have always been**
**unanimous.**| |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|**n/a**| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|**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, life and family commitments**
**of all the students concerned.**
**Membersbrs of the Trust actively mentor**
**and monitor recipients of the grants.**| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|**There are five Trustees, 3 in the UK and 2**
**in India.**
**We work and consult with other NGOs**
**working with very poor people in India.**| |Relationship with any related
parties|Para 1.51|**Informal and mutually beneficial but**
**financially independent..**| |Other||| ## **Reference and Administrative details** |Charity name|The Saraswati Scholarship Fund| |---|---| |Other name the charity uses|| |Registered charity number|1176036| |Charity’s principal address|7 Coombe Terrace
Sherborne , Dorset DT94DA| ||| ## **Names of the charity trustees who manage the charity** |1
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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 (ifany)**| |---|---|---|---|---| ||Sophie Baker|Founding Trustee|December 2017 until
present|| ||Jane Carling|Administrator/
secretary|December 2017 until
present|| ||Sujata Sen|Academic advisor in
India|January 2018 until
present|| ||Natasha Whiting|Communications
and marketing|January 2018 until
present|| ||Nikilish
Bhattacharia|Academic advisor|January 2018 until
present|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – 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 **n/a** ## **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) Full name(s) Position (eg Secretary,** Secretary/administrator **Chair, etc)** **Date** 31/7/2024