Charity registration number: 1196917 **SARASWATI CHARITABLE FOUNDATION TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 1 FEBRUARY 2025** ## **SARASWATI CHARITABLE FOUNDATION Contents** ||**Page**| |---|---| |Trustees' Report|1—2| |Statement of Financial Activities|3| |Statement of Financial Position|4| |Notes to the Financial Statements|5—6| |The following pages do not form part of the statutory accounts:|| |Detailed Statement of Financial Activities|undefined—6| **SARASWATI CHARITABLE FOUNDATION Trustees' Report For The Year Ended 1 February 2025** The trustees present their report and the financial statements for the year ended 1 February 2025. ## **Reference and Administrative Details** ## **Trustees** Nitesh Somani Prity Somani Dipti Soni Anjana Sidpara ## **Charity Number** 1196917 Page 1 ## **SARASWATI CHARITABLE FOUNDATION Trustees' Report (continued) For The Year Ended 1 February 2025** The trustees' report was approved by the board of trustees and signed on its behalf by: Nitesh Somani Trustee 30th April 2026 Page 2 ## **SARASWATI CHARITABLE FOUNDATION Statement of Financial Activities For The Year Ended 1 February 2025** |**Notes**
**NET INCOME/(EXPENDITURE)**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**5**|**2025**
**Unrestricted**
**funds**
**£**
-|**2024**
**Unrestricted**
**funds**
**£**
-| |---|---|---| ||-
18|-
18| ||18|18| The notes on pages 5 to 6 form part of these financial statements. Page 3 ## **SARASWATI CHARITABLE FOUNDATION Statement of Financial Position As At 1 February 2025** |**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**4**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**5**
On behalf of the board
Nitesh Somani
Trustee
30th April 2026|**2025**
**Unrestricted**
**funds**
**£**
4,920|**2024**
**Total**
**funds**
**£**
4,920| |---|---|---| ||4,920
(4,902)|4,920
(4,902)| ||18|18| ||18|18| ||18|18| ||18|18| ||18|18| |||| The notes on pages 5 to 6 form part of these financial statements. Page 4 ## **SARASWATI CHARITABLE FOUNDATION Notes to the Financial Statements For The Year Ended 1 February 2025** ## 1. **General Information** SARASWATI CHARITABLE FOUNDATION is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1196917. The principal address is . ## 2. **Accounting Policies** ## 2.1. **Basis of Preparation of Financial Statements** The financial statements 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 charity is a Public Benefit Entity as defined by FRS 102. ## 2.2. **Resources Expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. ## 2.3. **Cash and Cash Equivalents** Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. ## 3. **Average Number of Employees** Average number of employees during the year was: NIL (2024: NIL) ## 4. **Creditors: Amounts Falling Due Within One Year** ||**2025**|**2024**| |---|---|---| ||**£**|**£**| |Other creditors|4,902|4,902| Page 5 ## **SARASWATI CHARITABLE FOUNDATION Notes to the Financial Statements (continued) For The Year Ended 1 February 2025** ## 5. **Movement in Funds** |**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
6.
**Transactions with Trustees**
During the year the expenses reimbursed to the trustees or paid directly to third parties were|**As at 2**
**February**
**2024**
**£**
18|**As at 1**
**February**
**2025**
**£**
18| |---|---|---| ||18|18| ||**As at 2**
**February**
**2023**
**£**
18|**As at 1**
**February**
**2024**
**£**
18| ||18|18| ||as follows:
**2025**
**£**|**2024**
**£**| 7. **Related Party Disclosures** Page 6