Charity registrntion number 117946S (England and Walesl BAAS EDUCATIONAL TRUST UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 BAAS EDUCATIONAL TRUST UK LEGALAND ADMINISTRATIVE INFORMATION Trustees J Powell N Wi1113ms MBE Lady M Hdmes Charity registration England and Walès 1179465 Principal addrns$ Quabbs House Quabbs Lane Drybrook ou￿SterShire GL17 9JD Indopendent examiner P. J. Taylo( F.C.A Unrt 3 Ambrose House Meteor Court Barnett Way Bamwood Gloucester GL4 3GG BAAS EDUCATIONAL TRUST UK CONTENTS Trustees, report Independent examinerfs report Statement of ￿Nancial acttvjbes Balance sheèt Notes to the finanual StateM￿lS BAAS EDUCATIONAL TRUST UK TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 The tTU5tees present their annual ￿pOrt and fiftancAI $13tement5 for the year ended 30 September 2025. The finanrjal slalements have been prepared in aceordarMX Wrth the aC￿Unbr￿j policies set oul in note 1 to the financial statements and ctsmply with the CIO'S goveffting documenl. the Charities Act 2011. FRS 102 'The Financial Reporting Standaid applicable in Ihe UK and Republic of Irdand" and the Charities SORP "Accounting and Reporting by Charities.. Staternent of Recommended Practice applicable lo charitr.es pieparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubb"c of Ireland IFRS 1021". Obiectives and activitiès The object of the Baas Education￿ Trust UK Ks the advancement of educalion of underpriVi￿ged (*ildren in rural Haryana, India_ This is athieved by.. Raising fvnds in the UK, and Using these fvnds to support the work of the Baas Educational Trust India { Indian Charity Regisliation No 312. Book 4 Volurne 13251. which runs an Engl￿￿MedIuM sthool based In Gairalpui Baas, serving the villages of Baas, Gairatpur Baas and Parm1￿8. Public benefit The trustees have pa(d due regard to guidance issued by the Charity Commission i) deuding what athwties the CIO shLiuld undertake. AchiÈvements and performance Significant èctivitl8s aGhiewements a98insl objectwes The most significant event in the reportin9 period was a fvn(Praising br￿fing and lun¢h held at Ditthley Park. This event was a considerable success.. Nett'one off donalions (after costs, offset by sponsorship) We￿ appr0￿MatelY £12L Standing orders and recurring card payments amounted to approximately £7k pei annum. And 45 new donors We￿ recruited_ The Trustees. wrth the c4)Maborabon wrth the Chair of Trustees of BET India. have sought lo strengthen BET UKS Due Diligence. Monitoring and Vetificalion pio¢%sses. by adding the following elements.. Each year, the use of BET UK funds be audrted by a Chartered Accountant, who will produce a 'Uts'lisation Certtficate. lo certify that all fvnds have been spent in accordance with BET UK'S Gharitable Obieds. The fiT5t such ￿rt￿ICate was produced in May 2025. The Treasurer ol BET UK will. each aututnn. audit the sthod s and BET India's Safeguarding poli￿e$. pro¢edures and praCti￿S. to ensure that they are compliant wrth BET UK'S Safeguarding Policy and that the resultant prO￿dureS have been implemented effecbvely. The school that the CIO supports continues lo perfomi well and to provrtle OPFW)rtunthes foi the rural poor of the villag6s of Baas. Gaiiatpur 8r)d Pandala. which would otherwise be unobtainable foi them. There have. of course, been many challenges. including changes to Indian law. which have affeded the status and govemance of the s(*ool. However, we have every confidence that the trustees of BET India are managing these challenges effectively and will ènsure that the school wntinues to thrive for the foreseeable future. In order lo support the sd)ool trustees, arnbthons and to reduce reliance on BET UK donors, BET India tnJslee5 have been very su¢cessfvl in developng the donor base in India. In the finarrial year 24125. orbly 20°k of the school's running C051s came Irom BET UK donats"ons. lfi the long letrn, the BET UK Irustees hope to gel lo the point where the school does ntst rely on UK donath.ons for any of its day4trday running costs, instead using these donations lo fund bursaries, s¢holar5hips and speaal projects. We believe that this hjnding model will be a more resilient than one which depends on foreign donations for day-l(Hlay running. Financial review The charity raised donations income of £38.364 Tn the finanoal year ended 30th Septembei 202512024: £26,220). The t*arily had cash funds al the end of the year of £26.809. BAAS EDUCATIONAL TRUST UK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Reserves pOI￿Y It is the polw of the CIO that unreslncted funds which have not been designated for a speafic use should be maintained at a level equNalent lo betsveen three and six month's expenditure. The trustees consider that reserve5 al this level will ensure IhaL in the event ol a significanl drop in lunding. (hey will be atle lo continue the CIO'S current actNilies whde consideration is given lo ways in whith additional funds may be raised. This level ol reserves has been maintained thrtsughcNJt the year. Stru¢ture. governance and management The Baas Educational Trusl UK Is a Charitable Inc￿rPOrated OrganÈ5ation ICIOI. which was registered on 8th August 2018. 11 is currently managed by 3 trustees. the m￿m￿rn number of trustees prowded for in the Con5tff uts"o is 5 and the minimum number Is 3. New Irustees are appointed by a resolufion passed at a property convened meeting of the trustees. Up to 3 Irustees may be appointed by Baas Edu(2tional Trust. India l Ihe appointing body"). The trustees who served dvring the year and up lo the date of ￿gnatUre ofthe financAal statements were." J Powell N Williams MBE Lady M Holmes Recmilment and appointsnentof twstees None of the truslees has any benefiaal interest in Ihe company. All of the trustees are members of the company and guarantee lo ¢onliibute £1 in the event of a wnding up. The trustees. report was approved by the Board of Twslees. J Powell Trustèè 13 April 2026 BAAS EDUCATIONAL TRUST UK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BAAS EDUCATIONAL TRUST UK I report lo the trustees on my examination of Ihe financial state￿￿￿15 of Baas Educational Tnjsl UK lthe CIO} for the year ended 30 Septernber 2025. Responsibilities and basis of rèport As the trustees of the CIO you are responsible lor the preparation of the finanaal statemènt5 in ac￿rdanCe with the requirements of the Charits'es Acl 2011. I report in iespect of my examination of the CIO'S finartu￿ statements ¢arried out under section 145 of the Charities Act 2011. In c8rrying out my examination I have followed the DIrect￿nS given by ihe Charity Commissitsn under sectson 14515llbl ol the Charities Act 2011. Independent examinerfs stateme¥rt Your attention is drawn lo the fad that the charity has prepared the financtal statements in accK)rdance with the relevant version tsl Ihe Statement of Reo)mmended pract￿ appliGable lo charits.es preparing their financial stslements in accordance wfLh the Finanoal Reporb"ng Stsr>dard applicab￿ in Ihe UK and Republic of Ireland IFRS 1021 in preferen￿ lo the Accounbng and Reporting by Charities. Statement ol Recommended PraCts"￿ issued on 1 April 2005 whith is referred lo in the extant regulations but has now been withdrawn. l understand that this has been done In order for the financsal staternents to provide a true and fair Mew In accoidance wtth UK Generally Accepted Accounting Practice. I have Complet￿ my examinatson. I cAJnfirm that no mattws have come to my allentson in connecknon with the examination giwng me cause to believe Ihat in any material resped." accounting records were not kept in respect ol the CIO as required by section 130 of the Charities Act 2011. the financial slaremenls do not accord wilh those records." or the finanual slaiÈments do not comply wrth the ap￿1¢Able requirements Tr)ncerning the fomi and content of financial slalerrents set out in the Charth"es IA¢(X)unt5 and Reports) Regulations 2008 othef than any requirement that the finanaal statements give a true and fair view, whith is nol a mattel considered as part of an indèpéndent èxaminab"on. I have no con¢ems and have come across no other matters in connection with the examination to which attention Should be drawn in this report in ordèr Its enable a proper understanding of the financAaJ stslemenls to be leached. P. J. Taylor F.C.A Unil 3 Ambrose Housè Meteor Court Barnell Way Barnwood Gloucester GL4 3GG 13 April 2026 BAAS EDUCATIONAL TRUST UK STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Unrestricted tunds 2025 Unrestricted funds 2024 Notes In¢ome from: Donalions and legacies Investments 38.364 26 26.220 36 Totsl income 38,390 26,256 EXpendI￿re on: Charitable activtiies 34,774 22.711 Total Èxpenditure 34,774 22.711 Net Incomo and movemént In funds 3,616 3,545 Reconciliation of fvnds: Fund balan(*s al 1 0(*ober 2024 23.193 19,648 Fund balanc•s at 30 Sèptember 2025 26.809 23,193 The statement ol finanaal acts'vthes indudes all gain5 and losses recognised in the year. All income and expenditure derive froTn continuing a￿VItIes. BAAS EDUCATIONAL TRUST UK BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Notes Currènt •ssets Cash at bank and hand 26.809 23,193 Net cutTent assets 26,809 23,193 The fvnds ofthe CIO Unrestncted lunds 11 26.809 23,193 26.809 23,193 The finanual statements were approved by the ttU5tees gn 13 Apnl 2026 J Powell TrustÈe BAAS EDUCATIONAL TRUST UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountiny policies Charity infornution Baas Eduixtional Trust UK is 3 Charita￿e Incorporated Organisation 1.1 8asis of preparation The financial staternents have been prepared in accordance with the CIO'S governing document, the Charities Act 2011. FRS 102 Yhe Finanual Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and ReFw)rting by CharTtses'. Slatemenl ol Recommended Piactice applir2bl8 to charities preparing their accounts in ar£ordance wrth the Finan￿81 Reporhng Standard appli¢atAe in the UK and Republic of Ireland IFRS 1021" The CIO is 3 PubliG Benefit Ents"ly as defined by FRS 102. The CIO has taken advantage of the pro￿5￿$ in the SORP for l*airt￿5 not to pcepare 3 51alemeNt of cash flow5. The finanaal statements have departed from the Chairties {Accounts and Reports) Regulation5 2008 onty to the exten¢ required to provide a true and fair Mew. This departure has invotved ftsllowing the State￿ent of Recommended Practice charities apptying FRS 102 rathei than the version of the Ststemenl of Recommended Practice which is ref8rred lo in the Regulalions bul w￿ch has Sin￿ been withdrawn. The financAal statements are prepared in sterlll)g. whith is the fimthonal currenGy of the CIO. Monetary amounts in these finanrial stalemenls are iounded lo Ihe nearest £. The financial statements have been prepared under Ihe historical cost convention. The prinapal accounling policps adopted are sel out below. 1.2 Going concem At the time of approwng the finan(aal ststements. the trustees have a reasonable expeclab.on that the CIO has adequate resources to wnbnue in operats.onal existence for the foreseeable fijture. Thus the trustees continue to adopt the going concern basis of accounting in preparing the finanDal stalements. 1.3 Charitable funds Unrestricted fvnds are available for use at the disi*etitin of the truslees in futttierance of theii (*8ritable obiectives. Restricted funds are 5ubiecl to speafjc condibons by donors or gran'iors as to how they may be used. The purposes and uses of the restricted funds ale sel out in ttTre notes to the finan(xal 5ts1ements. Endowment funds are subjetx lo spe(¥fic condth.ons by donors that the caprtal must be maintained by the CIO. 1 A In¢ome Income is recognised when it is rece￿ed by the CIO. Legacies are rewnised on receipt or otherwise rf the CIO has been nottfied of an Impending d15tribution, the amount is known. and receipt is expecled. If the amoLtnt is not known, the lega￿ is treated as a contingent asset. BAAS EDUCATIONAL TRUST UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accounting poli¢iè$ (Continued) 1.$ Expenditure Expènditure is re￿gnIsed once rt has been paid. Expendrture Is dassified by aclivty. The costs of each aclivty are made up of the total of dired costs and shared costs, including support costs invofved in undertaking eatj) actiwty. Direct costs attributable to a single acbvity are allotratèd directy lo that actmty. Shared ￿51S whith contrtr)ute to more than one activity and support cost5 which are not attributable to a single activity are apportioned be￿een those activities on a basis Consistent with the use ol reSoUr￿s. Central staff costs are allocated on the basis of tr.me spent. and depreciation tharges ale allocatèd on Ihe pO￿"On ofthè assefs usè. 1.6 Cash and cash equivalents Cash and cash equ￿aleTrts Indude cash in hand, deposits hdd al call with banks. other short-terwn liquid investnents with oiiginal rnaturities of ihree months or less, and bank overdrafts. Bank overdrafts ale shown within borrowings in current liabilities. Basic financial assets Basic finanual assets, which inchjde debtors and cash and bank balances. aTe initialty rneasured al transacb'on price including transaction CO￿5 and ale sub5equenty carried at amortised cost using the effective irbterest melhod unless the arrangement conslifutes a finanung transaclion, wherè thè transaction Is measured at the present value of the future receipls discounted at a mat*et rate of inteiest. Finallia81 a55els assified as le￿1vable within one year are not amorbsed. Basic financial liabilities Basic finanaal liabilib'es. induding ueditors and bank k*ans are inth.aly re¢ognised al transaction price unless the arrangement ¢onstitutes a finan(ing transactson, where the debt instrument is measured al the present value ol the future payment5 discounted at a Tnarket rate of interest. Finan￿al liabilities classified as payable within oné yéar 31e not amortised. Debt instnkmenls are subseouentty ￿rrie{l al am0￿sed ¢ost. using the effectNe interest rate method. Trade creditors are 0￿193110nS to pay for goods or seThTces that have been a(4uired in the ordinary co¢Jrse of operations from suppliers. Amoun15 payable are dassified as currenl liabililies if payment is due %yithin one year or less. If not, they are presented as non-DJffent liabilities. Trade c*editors a￿ ieGognised Initial￿ at transacbon pricè and subsequendy measured at amortisèd cost using Ihe effective interest method. Derecognition of financial lia￿llINeS Finanaal liabilities a￿ derecognised vA)en the CIO'S conlra¢tual ON￿a￿"0n5 expTre or are discharged or cancelled. Critical accounting estimates at)d judgemènts In the application of the CIO'S accounting poli￿5. the Injstees are required to make judgements, estimates and assumptions about the carrying amount of assels and liabilities thal are not readily apparent frorn other sources. The estimates and assoualed assumpb.ons are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and undedying assumpb.ons are ieviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe period in which the estimate is rewsed where the rewsion affecls only that peiiod, or in the p&riod of the revision and lulure periods where the revision affecis both current and future periods. BAAS EDUCATIONAL TRUST UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 come from donations and ￿9aCieS Unrestricted Unrestrictsd funds nds 2025 2024 Donations and gtfts 38.364 26,220 Income from investments Unrèstrictèd Unrestricted funds funds 2025 2024 Interest receivable 26 36 Expgnditure On charitable acb"vilies Unrèstrict￿ Unrèstricted fund$ funds 2025 2024 Direct costs Go Cardless and Stripe fees Acex>unlancy Bank fees and transfer chaTges Subscription Conferen￿5 and events Offic& Èxpenses 821 840 75 1,690 930 91 5.190 282 7,774 2,711 Grant funding ot acb"vitses (see note 6) 27,000 20,000 34,774 22.711 Analysis by fund Unrestricted funds 34.774 22,711 Grants payable The grants paid in the year were to Baas Educational TrusL BAAS EDUCATIONAL TRUST UK NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Net movement in lunds 2025 2024 Th6 net rnovement in lunds r5 Stated after thargingll(xedib"ng1'. Fees payable for Ihe independent exarninatKJn of the charitfs finanaal staternents 930 Trustees Ntsne of the trustees {or any per$￿S TrTrnected wilh them) received any Temuneration OT benefits from the CIO during Ihe year. Employees The average rnonthly numbeT of employees during Ihe year was.. 2025 Number 2024 Number Total There were no employees whose annual remunerab.on was more Iharh £60.(K)O. 10 Taxation The charity is exempt from iaxation on its ath"vrties be(au5e all its inix)me is applEd for tharitable purposes. 11 Unrestricted funds The uniestricted funds ofthe tharity o)mpiise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These Indude designated funds which have been set aside out of unrestricied funds by thè trustées for speryfic purposes. At 1 October 2024 Incoming rgsourc•s Resources At30 txpended September 2025 General funds 23,193 38.39) 134,774) 26,809 Previous year. At 1 October 2023 Incoming resources Resource5 expended At30 September 2024 General funds 19.648 26.256 122.7111 23,193 12 Related party transactions There werè no disdosable ￿lated party transactions (luring ihe year12024- none).