Basarfoundation for the Period-ended 30 April 2026 The Basar Foundation IA Charitsble Incorporated Organisation) Trustees Annual Report & Unaudited Financial Statements for the period-ended 30 April 2026 Charity No. 1182983 for the Period-ended 30 April 2026
Basarfoundation for the Period-ended 30 April 2026 Pa9e Reference & Administraiive Information Atms & Objecttves- The Aims & Purp05È ofthe charty EnsuTing our activities deliverthose Aims - The focus of our work in this period Deliverin9 3 Public Benefit Beneficiaries of our grant-making Prineipal funding sources Plans for future periods 4&5 Structure, Governance & Management - fjovernin9 document - RecruitmenL appointment and paymentsto Trustses - Trustee indoction & training OrganTsational structure Risk management 5&6 Financial Revtew Financial position - Reserves policy Investment policy . Going Concer - Auditor5 and review ol Financial Ststements 6&7 Ststement of Trustees, responsibilities ststement of Financial Activrty Incomé & Expénditure account Balance Sheet Notes io the Financial Ststements Btoll
Basarfoundation for ihe Period-ended 30 April 2026 The Trustees present thÈtrAnnu31 Report and Ltnaudited Financial Ststements of the Charity for the Pèriod 1 May 2025 to 30 April 2026. The Trustees have adopted the provisions of Accounting and Repong by Charits"es.' Staternent of Rècommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporknng Standard applicable in the UK and the R¢public of Ireland IFRS 11021 (effective 1 January 20191. I. REFERENCE AND ADIAINlSnlATI¥E INFORMATION The Basar Foundation 1182983 14 Bloomfield Park, Bath. BA2 2BY. Mr MJ Allsop Chair & Tre35urer Mrs M Allsop Trustee Mr PR A1150p Secretary Ire-appoirÉted 15 April 20261 (appointed 31 January 20251 (re-appointed 15 April 20251 The Charty had no employees in the Period with all activtty undertaken by the Trustees. The Charty had no retained advisors in the period. Bank•rs HSBC plc, 41 Southgate. Bath. BAI ITN.
Basarfoundation for the Period-ended 30 April 2026 2. AIMS AND OBJECTIVE5 These 3re set out in the Obiects within our Conskntubon which. as a Charitsbla Incorporated Organisatior¢ ('CIO-I, Is our governing documenL They a¥e to.. . advance the Christian faith,. - bring relief to people who are aged. sicl widowed or orphaned.. with a particular emphasis on helping professing ChrÈstians.' . facilitat• th• provision of healthcar• and education to those in need; advocate and promote the internationally accepted fundament31 right ol freedom of all religious expression and support those that are persecuted or stjffer hardship on account ol their Christian faith. The Charfty is primarily a grant.making or9anisatlon that Seeks to achieve its alms and objectives through partnèrship with NGOS whose vision and values are aligned with QLbf own. Eth•urlng our •cdvlty d•llvwJ th•w Alms Each grani application or candidate fo¥ grant-funding is carefully considered and weighèd against our statod mS and Purpos•. AA open and robust discussion of possibl• grant-fundin9 opportunitres is a core part ol our regular Truslees meetin9s. Stmilarly at those Trustee meetings updates are provided on those to whom grants have been made. Reportlng Is required from recipients to ensure our grant-making Is effective, well-managed and tonsistent with our Aims and Purpose. Atl grants musi be made pursuanl lo the Charitys Grant Policy which ilself follows very closely the model Grani Poliry provided by Siewardship. a recognised leader in providing best. practice 5LIPPQfT to charsliè5. Furthem)ore, we refei to the guidance contained In the Charity Commission's gèneral guidancè on public benefit when deoding on grant applications and in planning otjr futuré artivitiès. In particular, the Trustees constder how planned activities w¥ll contribute io the aims and objectives they have set. In this our seventh period ol operation wt have contr.nued our funding for an Indian NGO whosè work encompasses a small church. orphanage and mission to local widowed women in Kakinada. Andhra Pradesh. Marginalised communrties. such ès those we support In Kakinada, have continued to experience significant price tnflation foT basic necessit¥es in the period and we have SOLtght to mainiain Ouf SUPPOrt in real terms. Followin9 the tragic death of one of the former orphans we havè set UP a Soparate Restricted Fund with the intention of helping older. morè able, students compleie tefliary or Vocalional educaiion wilh the atm of improving their lile chances. Whilsi not excl(Jsively for young women. we particularly VlcOme grants to them due to thè discrimination prevalent in more traditional parts of Indian S¢xiety. The funding of education now fepresents a significant part of our charitable spend.
Basarfoundation for the Period-ended 30 April 2026 D•llv•thg a Public Benèfft The activity undèrtaken and who we have helped are described below. All such activity has been gutded by and been consistent with the Objects ofthe Charity and werè undèrtaken to lurther our charitable purposes lor the Public Benefit. such the Trustees have met the requirements ol the charities Act 2011. Beneftijries gt our grant•making In the Period payments were made to a Registered Society Icharityl in the Indian State of Andhra Pradesh. The Charity supported is an evangelical church whose pastor also operates a home for local children who have erther been orphaned orwhose are families unable to support them. li also provides support for a group of local widows who would otherwise be unable to support themselves. Our granl-making helped feed the orphans undef the pastor's care at a trme of increased food price5 and uncertainty. The funding from our Restricted Fltnds forfive Sdents is important to us and the three older girfs are progressin9 well with their tertiary UCation. We continue to see this a5 the most meaningful way lorthern to 5rnprove their Iife-chances and to have 9reatef control over their own destinie5. We are plèased with the deepening coperation with the Indian charity and are confident that their projects fnèet our standards and requirements_ A concentrated approach to grant-making is expetted to result in better OLttcome5, more efficient use of spend and 9ater engagement for donors and recipients_ Prifftcipal f4Thin9 sourc•s After a bumper year last year, no donations were rècèived in the CLErrent year. In recentyears. the charitys income has continued to consist primarily of donations by the Trustees themsÈlvos. The Charity plans to continue tts support of the church and orphanage in Andhfa Pradesh as well as Idèntifying further partners. both in the UK and Overseas. wrth whom we might work. We onlinue to evaluate a number of options with the mosi promising bein9 a 5mall-scale project based in Uganda which one ofthe Trustees has w5ited and provided some fundin9 already from his own $OUrCes. whilst It remains our intention to support the re-training of older Christian women who are erther unemployed or enga9ed casual, manual labour amongst the pastorfs congregation in Kakinada. we have made little progress with this initiaiive. Our focus has switchèd more towards funding higher and vocational education for the most promising of the orphans. We see this as a viable route to break the cycle of poverty and look forward to Èxtendin9 this initiative ovei the next year if appropriate. The organisaiion is a Charitsble Incorporated Organisalion, registsred as such wtth Companies House and the Charity Commissioners d England & Wales on 15 April 2019. The CIO. whose only voting members are its Charity Trusiees, uses the"Foundats'on' model constrtution in line with guidance from the Charity Commissionèrs. R•crullmort appOinth paymentstoTrustees The Trustees have been appointed in line ¥Yith the CIO Constitution and have agreed to serve for period of 4 years IMJ Allsopl and 3 years (PR A1150p}. M Allsop has been appointed on a tÈmpo¥ary basis followbng DJ Allsop's resignation in Janvary 2025. AJI T¥u5tee5 give their tsme voluntarsly and
Basarfoundation for rhe Period-ended 30 April 2026 received no beftÈfits from the Charity. Ariy expenses reclaimed Irom the Chaftty ate set out in note 5 to the Fihancial Statements.. therè wèrè no Suth expenses Incurred in the period. Trust•• lftducdon and tralnlng All Truees have a 5tron9 understanding of the Objects objective5 and practical wowk ofthe charity. At this stage no lormal inductron or training is considered necessary with each Trustee responsible for both exploring ways in which the Charity might most efficiently meet its Objects and ensuring they are abreast current policy and best practice relating to UK-ba5ed charities. Formal indudion and training wsll bo providtxl for ngw TnJstee$ who are •ither195s familiar with the Charity's obieetives or UK Charity law and best practice. Ory•nlMilon•l The Basar Foundation has three TrLtstees who meet as required and a5 appropriate. reflecting the level of charitable activity. and afe responsible foi the strategic direttion and policy of the Charity s well as all admin15trative and execlttive tasks. The Trustees have Very different back9rounds bringing ihe nece33ary diversity. challenge and insight lo decision- making. The Secretary has extensive experience of operating within the charitsble sector. includiTTrg workin9 Wlth overseas partners in the developing world, and is primarily responsible for lagal and governance matters. Responsibility fof day to day maners fests primarily with the Chairman who also. due his professioftal expertise, deals wilh most financil mètters. Rlsk m•n•g•m•nt As a grant-making organisation the risks facing the charity are primarily financial and reputation arising from potents.ally unwise or improper grants made and a lack of over5ighL accountabllity and improper behawour on the part ofthe recipierst. The quality of and adherente to the CharlS Grant Policy, referred to above, therelore plays a critical role in managing these risks. Risks are minirnized by the implementstion of appropriate procedure5 for the authori5ation of all 9rants made and all othèr èxpèndilurè. In addition. as the Charity begins to scale, the Trvstegs will conduct a review of the majof risk5 to which the Chanty is exposed. This will result in a risk register setting out those risks and any miiigaiing processes or procedures. The risk register will then be reviewed and updated annually, Of more frequently if necessary. 4. FINANCIAL REVIEW Flnan¢kl posl The Charity's income for the period under review was £54712025.. £23,640). Expenditure amounted to £6,06912025.. £0.251}. Ai the Balance Sheet date tal reserves wer• £15,34412025.. £20,866) of which all were Uniestricted Funds. R•s•rv•s pollcy The Charity inrends to retsin suffioent on deposil with HSBC to meet expected grant expenditure forthe following 12 months. We èxpert our investhient accouni io reach £72,000 this year (held in a fixed term FSCS backe(I deposit accountl and a decision on whether io release some ofthal 10 grant making activity will be made nexl year.
Basarfoundation for the PÉriod.&ndÈd 30 April 2026 Thè Trustees have invèstèd thÈir excess funds so as to fetain. as far as is possible. their rèal PsJrcha5in9 power. Golng Ct)ncem rhe Tru5tee5 have a rea59nable expecratlon thatthe charFty h85 adequate re5ource5 ro conilnue for the foreseeable future. Accordingly, they have adopted a going concem basis in preparing the nnual report and accounts. No independent examination or eernal audr( ol Ehe Financial Statements was required or undertaken since the Charttls income remained below the £25.0 threshold and there being no separate requirement to do so in the Constitution. 5. sfATENNf OFmiustEES' RESPONSIBILMES The Trustees are responsible for preparing the Report ofthe Trustees and the Financial Ststements in accordance with applicab5e law arsd United Kingdom Accounknn9 Standards (UK GAAPI. The law applicablé to charitiès in England and Walès. the Charities Act 2011. Charity Accounts and Reports) Regulations 2008 and the provisions of the Cortsbtution requires thè Trustees to prepare financial ststèmènts for èach financial yèar which give a twe and fair view of the state of affatrs of the Charity and of the iAtoming resources artd applieation of resources, including the income and expendture. of the charity for that period. In preparin9 those fiTrèncial statements. the Tiustees are required to: . selea suitsble accounting polioes and then apply them con5iStently.' . observe the method5 and principles in the Charity SORP.. ake judgements and estimate5 that are Teasonable and prudent- prepare the financial statements ori the going concern basÈs unless it Ès inappropriate to presume that the Charity will contTrnue in business The Twstees are responssble for maintaining proper attounting records which disclose with reasonable accuracy at any time, the financial position of the charity and to enable them to ensure that the financial statements Comp with the Chartties Att 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution. They are also responsible for safeguarding the a55ets of the charrtable incorporated organisation and hence for tsking reasonable Steps for the prevention and detettion of fraud and other irregularities. Approved by order of the Board of Trustees on 26 June 2026 and 51gned on its behalf bT- Mr MJ Alsop Ichairl
Basarfoundation for the Period.ended 30 April 2026 6. sfATEMEpif OF FINANCIALACTMnES INCOME STATEMETrir KIR THE PERIOD ENDED 30 APRIL 2020 NotÈ 2026 ftestrKted funds 2026 U¢)restritted nds Torallund5 INCOME Don•ions & Le9acies Charitable Ath¥*5 21.oc Invèstments $47 547 327 Othér 2.313 23.640 Totsl $47 547 fXPENOIIURE Raising Funds Ch3f%table Achvities 12.2771 13.7541 (381 16.0311 (6,7701 ¢801 Other (3.7921 1&250J E7 INCOME 12,277) 13.2451 (5.522) 17.3R7 RECQ•KILIATIQII OF FUIIDS Funds brou9hiforward MovÈmènt in Funds 20.866 20.866 3.470 12,2771 2.2?? 13.2451 12.27?) 16.0691 17,3 TraThs¥et Fvn<4s TOTAL FUNDS CAAIIED FORWARD 15.344 1S.34•
Basarfoundation for the Period-ended 30 April 2026 BAIANCE SHEET AT 30 APRIL 2026 2020 2026 2020 ZO25 Tatsl Fund5 PIXEDASSETS Tangible Assets Inv•stm•nt• 11S70 11,570 i ?.c¥ CURRENT AS8ETS Debtors 304 327 C•5h 3.955 3,955 10.630 CroditOfS-. dv• Wthln 1 •ir 14851 14851 ii.opii NET CURRii4rwm 15.344 15.344 20.806 15.344 1S.344 20,860 CURRII•TUABIUrnS FUNDS OF CHARITY Unr@siritt•d Fynds Re¥iricl•d FuDdi 15,344 15.344 20,806 TOTAL FUNDS IS.344 ISJ The Financial Statements were approved by the Board of Trustees and authorised for issue on 10 July 2026 and were $Sgned on Its behalf by.. MIPR Isop, Secietary Mr MJ Alsop. Chair
Basarfoundation for the Period-ended 30 April 2026 NOTES TO THE FINANCIALSTATEMENTS FOR THE PERIOD ENDED 30 APRIL 2026 1. ACCOUtfflNG POLICIES The financial staternents ol the charity. which is a public benefit enttty under FRS 102. have been prepared in accordance with tho Charities SORP IFRS 1021'Accounting and Reporting by Chanties.. Statement of Recommended Piacrice applicable lo charities Preparin9 their accounts in accordance with the Financial Reporting Stsndard oppltcable in the UK and the Republic of Ireland IFRS 1021 leffettive 1 January 20191, Financial Reportirtg Strndard 102 The Financial Reportin9 Standard applicable in the UK and the Republic of Ireland. and the charities Att 201 i. The financlal statements have been prepared yndef ihe historical cost convention. All income is recognised in the Statement of Finanoal Attivities once the diarity has entitlement to thè lunds, it is probable that the incom• will b• received and the amount can be measured reliably. Exp•ndliur• Liabilities are recognised as expenditure as soon a5 thgr• 1$ 418gal or construttivo obligation committing ihè charity to that expendrture. it is probable that a transfer of economic benefits will be required in settlement ènd the amount can be measured reliably. Expenditure is accounted for on an accruals basis and has been classtfied under the hèadtng that aggregatè all costs related to the category. Where costs cannoi be direcdy attributed to panicular headings they have been allocated to aclivlties on a basls consistent with the use of resources. T•nolbl• Hx•d A$ts The charity held no Fixed Assets in the period. TaX10Th The charity is exempt from tax on accoufti of its solely charitable attiviiies. Fund Ar¢oundng Unrestritted funds can be used in accordar¥c• with th8 chari>ble objectivès at lh• discretion of the trustees. Restricted fvnds can only be used for particular re5tn.cted purposes within the objects of the charity. Restrictions arise when specrfied by the donor or when the fund5 raised for parricular restricted purposgs. All financial assets and financial Itabilities of the charty qualfy as basic financial instrumènts. Basic financial instruments are initially recognised at transaction value and subsequently meagurÈd at their sèttlèment value.
Basarfoundation for the Period-endèd 30 April 2026 NOTES TO THE FINANCIAL STATEMENTS. continu•d FOR THE PERIOD ENDED 30 APRIL 2026 2. INCOME 2094 £ Donèlions Gift recoived Inve$tmèni Accountinl•r• TOTAL 547 547 2026 £ Githnts M•d• poll C051515•• Not• 4) TOTAL 1&0391 SUPPORT COSTS 2020 * meni Gtrv*Tn•nc• OtherlBank chèr 8$ foi rants Indi41 S. TRU5TEES' REMUNERATION AND BENEFrrs Theré w•re no Trustees. remuneration or oihef benefft payments for the Perlod.ended 30 April 2026. No frustees wer• rvimburs•d for any exp•ns•¥ ih¢urred on beholl olthe charity in the P8riod- ended 30 April 2026. 6. CREDITORS: AMOUIITS FAWNG DUR WIThIII ONE YEAR Other Creditors £485 J Allsop lunded some payments to India through ihe year and of these some were not reimburs¢d Pfior to year-end close If4851.
Basarfoundation for the Period-ended 30 Apfil 2026 7. MOVEMENT IN FUNDS Op•Nln9 Futhds £ 1 IAry 202S 20.866 Uo%kn9 £ 30 zozo 15.344 Uniqsrrict•d Funds I"Gene¢èl Fund") ResirKted Fun(J I'EducoliQn Fund'l TOTALIUMDS 15,5221 1J.J44 Net movement in fund5. inclLtded in the above are as follow5: Unr•sirici•d Funds I'Geh•r•l Fund") Re51ricted Fund S47 13.7921 12.2771 5,522 12.2771 2.277 TOTAL FUNDS 547 &522 8. RELATED PArn DISCLOSURES There were no related party transactions in thg period ended 30 April 2026. As disclosed at Note 6 above. the expenditure of the Charity for this Period was paid for by a Tnjstee who is to be reimbursèd at cosi for that expèndilure.