``` REGISTERED COMPANY NUMBER: CE020905 (England and Wales) REGISTERED CHARITY NUMBER: 1188242 ``` ``` Report of the Trustees and ``` ``` Unaudited Financial Statements for the Period 28 February 2020 to 31 March 2021 ``` ``` for ``` ``` Vahani Scholarship Trust ``` ``` Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY ``` ``` Vahani Scholarship Trust ``` ``` Contents of the Financial Statements for the Period 28 February 2020 to 31 March 2021 ``` ||`Page`| |---|---| |`Report of the Trustees`|`1`| |`Statement of Financial Activities`|`2`| |`Balance Sheet`|`3`| |`Notes to the Financial Statements`|`4 to 5`| |`Detailed Statement of Financial Activities`|`6`| ``` Vahani Scholarship Trust ``` ## `Report of the Trustees` ## `for the Period 28 February 2020 to 31 March 2021` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheperiod28February2020to31March2021.Thetrustees have adoptedtheprovisionsof AccountingandReportingby Charities:Statementof RecommendedPracticeapplicable to charitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`INCORPORATION`** ``` The charitable company was incorporated on 28 February 2020. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`** ``` Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by guarantee, as defined by the Companies Act 2006. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Company number`** ``` CE020905 (England and Wales) ``` ## **`Registered Charity number`** ``` 1188242 ``` ## **`Registered office`** ``` Wework North West House 119 Marylebone Road London London NW1 5PU ``` ## **`Trustees`** ``` Ms S Misra (appointed 28.2.20) Ms J Misra (appointed 28.2.20) Ms B Barmi (appointed 28.2.20) ``` ## **`Company Secretary`** ``` Approved by order of the board of trustees on 31 May 2024 and signed on its behalf by: ``` ``` Ms S Misra - Trustee ``` ``` Page 1 ``` ``` Vahani Scholarship Trust ``` ``` Statement of Financial Activities for the Period 28 February 2020 to 31 March 2021 ``` |||**`Unrestricted`**| |---|---|---| |||**`fund`**| ||**`Notes`**|**`£`**| |**`EXPENDITURE ON`**||| |`Raising funds`|`2`|**`780`**| |**`NET INCOME/(EXPENDITURE)`**||**`(780)`**| |**`TOTAL FUNDS CARRIED FORWARD`**||**`(780)`**| ``` The notes form part of these financial statements ``` ``` Page 2 ``` ``` Vahani Scholarship Trust ``` |`Balance Sheet`||| |---|---|---| |`31 March 2021`||| |||**`Unrestricted`**| |||**`fund`**| ||**`Notes`**|**`£`**| |**`CREDITORS`**||| |`Amounts falling due within one year`|`5`|**`(780)`**| |**`NET CURRENT ASSETS/(LIABILITIES)`**||**`(780)`**| |**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||**`(780)`**| |**`NET ASSETS`**||**`(780)`**| |**`FUNDS`**|`6`|| |`Unrestricted funds`||**`(780)`**| |**`TOTAL FUNDS`**||**`(780)`**| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the period ended 31 March 2021. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheperiod ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` Thesefinancialstatementshavebeenpreparedin accordancewiththe provisionsapplicableto charitable companies subject to the small companies regime. ``` ``` The financialstatementswereapprovedby the Boardof Trusteesand authorisedfor issueon 31 May 2024and were signed on its behalf by: ``` ``` S Misra - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 3 ``` ``` Vahani Scholarship Trust ``` ``` Notes to the Financial Statements for the Period 28 February 2020 to 31 March 2021 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial ReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforon an accruals basis and has beenclassifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesona basisconsistentwith the use of resources. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial statements. ``` ## **`2. RAISING FUNDS`** ## **`Raising donations and legacies`** |**`Raising donations and legacies`**||| |---|---|---| ||**`£`**|| |`Support costs`||**`780`**| ## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees' remuneration or other benefits for the period ended 31 March 2021. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the period ended 31 March 2021. ``` ``` Page 4 ``` ``` Vahani Scholarship Trust ``` ``` Notes to the Financial Statements - continued ``` ``` for the Period 28 February 2020 to 31 March 2021 ``` ## **`4. STAFF COSTS`** ``` The average monthly number of employees during the period was as follows: ``` ``` Trustees ``` ``` 3 ``` ``` No employees received emoluments in excess of £60,000. ``` ## **`5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** ``` Accrued expenses ``` ``` £ 780 ``` ## **`6. MOVEMENT IN FUNDS`** |**`MOVEMENT IN FUNDS`**|||| |---|---|---|---| |||**`Net`**|| |||**`movement`**|**`At`**| |||**`in funds`**|**`31.3.21`**| |||**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`||**`(780)`**|**`(780)`**| |**`TOTAL FUNDS`**||**`(780)`**|**`(780)`**| |`Net movement in funds, included in the above are as follows:`|||| ||**`Incoming`**|**`Resources`**|**`Movement`**| ||**`resources`**|**`expended`**|**`in funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|**`-`**|**`(780)`**|**`(780)`**| |**`TOTAL FUNDS`**|**`-`**|**`(780)`**|**`(780)`**| ## **`7. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the period ended 31 March 2021. ``` ``` Page 5 ``` ``` Vahani Scholarship Trust ``` ``` £ ``` ``` Detailed Statement of Financial Activities for the Period 28 February 2020 to 31 March 2021 ``` ## **`INCOME AND ENDOWMENTS`** ``` Total incoming resources ``` ``` - ``` ## **`EXPENDITURE`** ## **`Support costs`** |**`Governance costs`**
`Accountancy and legal fees`
`Total resources expended`
**`Net expenditure`**|**`780`**
**`780`**
**`(780)`**| |---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 6 ```