**REGISTERED CHARITY NUMBER: 1189686** ## **Report of the Trustees and** **Unaudited Financial Statements for the Period 27 May 2020 to 31 December 2020** **for** **Vidya Jyoti India** Sharman Fielding Chartered Accountants The Oval 57 New Walk Leicester Leicestershire LE1 7EA **Vidya Jyoti India** **Contents of the Financial Statements for the Period 27 May 2020 to 31 December 2020** |||**Page**|| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|6| |**Detailed Statement of Financial Activities**||7|| **Vidya Jyoti India** **Report of the Trustees for the Period 27 May 2020 to 31 December 2020** The trustees present their report with the financial statements of the charity for the period 27 May 2020 to 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The objective of the charity are: o To advance education for the public benefit in India and the UK o The prevention or relief of poverty or financial hardship among deprived rural communities. o The preservation and protection of good health in deprived rural communities ## **ACHIEVEMENT AND PERFORMANCE** ## **Fundraising activities** The principle source of funds were from donations from the public. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1189686 ## **Principal address** 32 Bennetts Avenue Greenford Middlesex UB6 8AU ## **Trustees** Ms E Lubos (appointed 27/5/2020) Mr C K Kaushal (appointed 27/5/2020) Ms A Bhardwaj (appointed 27/5/2020) Mr V Bhardwaj (appointed 27/5/2020) Dr P Kaushal (appointed 27/5/2020) ## **Independent Examiner** Sharman Fielding Chartered Accountants The Oval 57 New Walk Leicester Leicestershire LE1 7EA Approved by order of the board of trustees on 24 September 2021 and signed on its behalf by: Dr P Kaushal - Trustee Page 1 **Independent Examiner's Report to the Trustees of Vidya Jyoti India** ## **Independent examiner's report to the trustees of Vidya Jyoti India** I report to the charity trustees on my examination of the accounts of Vidya Jyoti India (the Trust) for the period 27 May 2020 to 31 December 2020. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Ashok Patel ACA Sharman Fielding Chartered Accountants The Oval 57 New Walk Leicester Leicestershire LE1 7EA 24 September 2021 Page 2 **Vidya Jyoti India** ## **Statement of Financial Activities** ## **for the Period 27 May 2020 to 31 December 2020** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**Income and endowments from**||| |Donations and legacies||67,941| |**Expenditure on**||| |**Charitable activities**||| |Donations||20,591| |Teachers salaries||3,295| |Other||644| |**Total**||24,530| |**NET INCOME**||43,411| |**Total funds carried forward**||43,411| The notes form part of these financial statements Page 3 **Vidya Jyoti India** ## **Balance Sheet** ## **31 December 2020** |||Unrestricted| |---|---|---| |||fund| ||Notes|£| |**Current assets**||| |Debtors|3|2,573| |Cash at bank||41,188| |||43,761| |**Creditors**||| |Amounts falling due within one year|4|(350)| |**Net current assets**||43,411| |**Total assets less current liabilities**||43,411| |**NET ASSETS**||43,411| |**Funds**|5|| |Unrestricted funds||43,411| |**Total funds**||43,411| The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2021 and were signed on its behalf by: Dr P Kaushal - Trustee The notes form part of these financial statements Page 4 **Vidya Jyoti India** **Notes to the Financial Statements for the Period 27 May 2020 to 31 December 2020** ## **1. Accounting policies** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. Trustees' remuneration and benefits** There were no trustees' remuneration or other benefits for the period ended 31 December 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 December 2020. ## **3. Debtors: amounts falling due within one year** £ Gift Aid Claim 2,573 Page 5 **Vidya Jyoti India** ## **Notes to the Financial Statements - continued for the Period 27 May 2020 to 31 December 2020** ## **4. Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**|||| |---|---|---|---| ||||£| |Other creditors|||350| |**Movement in funds**|||| |||Net|| |||movement|At| |||in funds|31/12/20| |||£|£| |**Unrestricted funds**|||| |General fund||43,411|43,411| |**TOTAL FUNDS**||43,411|43,411| |Net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|67,941|(24,530)|43,411| |**TOTAL FUNDS**|67,941|(24,530)|43,411| ## **5. Movement in funds** ## **6. Related party disclosures** There were no related party transactions for the period ended 31 December 2020. Page 6 **Vidya Jyoti India** ## **Detailed Statement of Financial Activities for the Period 27 May 2020 to 31 December 2020** |**Income and endowments**
**Donations and legacies**
One off donation
Regular donations
Gift aid
**Total incoming resources**
**Expenditure**
**Charitable activities**
Food donations
Hygiene kits donations
Blanket donations
Teacher salaries
**Support costs**
**Management**
Postage, stationery and computer consumables
**Finance**
Bank charges
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|£
11,239
54,129
2,573| |---|---| ||67,941| ||67,941
15,730
1,275
3,586
3,295| ||23,886
207
87
350| ||24,530| ||43,411| This page does not form part of the statutory financial statements Page 7