Trustees' Annual Report for the period
Period start date Period end date Day1 Month4 Year2023 Day31 Month3 Year2024
From To
Section A Reference and administration details
Charity name The Sher Jung Foundation
Other names charity is known by
Registered charity number (if any) 1198989
Charity's principal address 41 North Road Southall Postcode UB1 2JL
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| VineyJung | Chairperson | |||
| Prof PankajSharma | Treasurer | |||
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Names and addresses of advisers (Optional information)
| Type of adviser | Name Address |
Name Address |
|---|---|---|
| Independent external advisor to Trustees |
||
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
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Description of the charity’s trusts
Constitution (CIO) Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation (CIO) How the charity is constituted
(eg. trust, association, company) Appointed Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
The charity was set up to promote the values of Sher Jung and seeks to not only highlight the work and principles of this important and influential writer but to further amplify and promote south Asian literature.
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The Charity aims to foster an inclusive ethos and wishes to help support and promote emerging writers and artists particular from disadvantaged backgrounds.
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
-
policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
Having founded the charity in June 2022, we had our first formal launch event with a well known south Asian writer in June 2023. The event was sold out and held in Southall. A creative writing competition has also been run in conjunction with this launch. Another event occurred in August to test out the ability of doing an event outside of London. It was very successful and raised some donations. Jumpers and PE kits for children at Sher Jung’s old school in India were sourced in India and given to those children. A series of author talks were established with the first one in March 2024 and very well attended. A charity website was also created.
March 2012
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Section E Financial review
Brief statement of the charity’s policy on reserves
Funds will be distributed in the new financial year if income is sufficient to fund our commitments to charitable organisations, in accordance with the charities objectives.
Details of any funds materially in deficit
N/A
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
-
the charity’s principal sources of funds (including any fundraising);
-
how expenditure has supported the key objectives of the charity;
-
investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Viney Jung Full name(s) Viney Jung Position (eg Secretary, Chair, Chair etc) Date 1.4.24
March 2012
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TAR March 2012
THE SHER JUNG FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 March 2024
| Unrestricte | Restricte | 2023 | 2024 | |
|---|---|---|---|---|
| d | d | Total | Total | |
| £ | £ | £ | £ | |
| Incoming Resources | ||||
| Grants, Donations, Sales | 0 | - | 2817.60 | 16949.14 |
| etc. | ||||
| Bank Interest | 0 | - | 0 | 0 |
| Total Incoming | 0 | - | 2817.60 | 16949.14 |
| Resources | ||||
| Direct Charitable | ||||
| Expenditure | ||||
| Core Work | 0 | - | 0 | 8056.38 |
| Other Expenditure | ||||
| Fundraising, Publicity, | 0 | - | 0 | 0 |
| Admin | ||||
| Total Resources | 0 | - | 0 | 8056.38 |
| Expended | ||||
| Net Incoming/(Outgoing) | 8892.76 | - | 0 | 8892.76 |
| Resources | ||||
| Funds as at 1 April | 2817.60 | 0 | ||
| 2023 | ||||
| Funds as at 31 March | 11710.36 | 0 | ||
| 2024 |
- Viney Jung Chairperson Signed on behalf of the Board of Trustees
1.4.24
LOTUS PARTNERS FOUNDATION
BALANCE SHEET AS AT 31 MARCH 2023
| Fixed Assets Current Assets Debtors Cash at Bank Creditors – Amounts falling due within one year Net Current Assets Funds Unrestricted Funds Restricted Funds |
2023 £ 0 0 2817.60 2817.60 0 2817.60 2817.60 0 2817.60 |
2024 £ 0 0 11710.36 11710.36 0 11710.36 |
2024 |
|---|---|---|---|
| 11710.36 0 11710.36 |
Viney Jung - Chairman
Signed on behalf of the Board of Trustees
1.04.24
SHER JUNG FOUNDATION
BALANCE SHEET AS AT 31 MARCH 2024
1. ACCOUNTING POLICIES
General
The Financial Statements have been prepared under the Historical Cost Convention and in accordance with the applicable accounting standards and the charities SORP (Statement of Recommended Practice: ‘Accounting by Charities’).
2. Summary of Net Assets by Funds.
Unrestricted Funds Restricted Funds Total Net Current Assets £11710.36 £0 £11710.36
Additional Notes:
none