Section A
Trustees' Annual Report for the period
Period start date Period end date 16[th] March 2023` 31st December 2023 From To
Reference and administration details
Charity name
BC Foundation
Other names charity is known by Registered charity number (if any) 1202340 Charity's principal address Unit 1 Campbell Way Business Park, Campbell Way Dinnington Sheffield Postcode S25 3SF
Names of the charity trustees who manage the charity
Trustee name Office (if any) 1 Hardip Nijjar Chairperson 2 Baljinder Nijjar Trustee 3 Mandip Yadav Trustee 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Name of person (or body) Dates acted if not for entitled to appoint trustee (if whole year any)
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
TAR
1
2024
Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B
Structure, governance and management
Description of the charity’s trusts
Type of governing document
Trust deed adopted March 2023
- (eg. trust deed, constitution)
How the charity is constituted
CIO
- (eg. trust, association, company)
Appointed at charity set up. New Trustees by the existing trustees. Trustees Trustee selection methods are appointed or reappointed annually at the Annual General Meeting. (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
Summary of the objects of the charity set out in its governing document
Objectives and activities
THE PREVENTION OR RELIEF OF POVERTY WORLDWIDE BY PROVIDING: GRANTS, ITEMS AND SERVICES TO INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY.
TAR
2
2024
In Planning our activities for the year & into 2024 we kept in mind the Charity Commissions guidance on public benefit at our trustee meetings.
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:
- policy on grantmaking;
Decisions in regards to grants and donations are made through the process of an application for a grant or recommendation of a donation. These are then reviewed by the board of Trustees and voted on at a committee meeting.
-
policy programme related investment;
-
contribution made by volunteers.
Section D
Achievements and performance
TAR
3
2024
Section D Achievements and performance The Charity received an initial donation in the year and the Trustees are Summary of the main researching potential programs and beneficial causes achievements of the charity during the year
TAR
4
2024
Section E Financial review
We hold cash at the bank of £490.000, all of which is unrestricted funds. Brief statement of the charity’s policy on reserves Total reserves are £490.000, cash at the bank,
Details of any funds materially Not Applicable in deficit
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) Hardip Nijjar Full name(s) Position (eg Secretary, Chair Chair, etc) Date 22/11/2024
TAR
2024
5
| BC Foundation | 1202340 | |||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
16/03/2023 | To | 31/12/2023 |
Section A Receipts and payments
| Section A Receipts and | payments | ||||
|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 490,000 490,000 - - - 490,000 - - - - - - - - - - - - - - - - - - - - - - - - - - 490,000 490,000 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 490,000 - - - - - - - - - - 490,000 - - - 490,000 - - - - - - - - - - - - - - - - - - - - - - - - - - 490,000 - - 490,000 |
Last year to the nearest £ |
| Donations | 490,000 | - | |||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| Sub total(Gross income for AR) | 490,000 | - | |||
| A2 Asset and investment sales, (see table). |
|||||
| - | |||||
| - |
- | ||||
| ~~Sub total~~ | - | - | |||
| Total receipts A3 Payments |
|||||
| - | |||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| **Sub total ** | - | - | |||
| A4 Asset and investment purchases, (see table) |
|||||
| - | |||||
| - | |||||
| **Sub total ** | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||
| - | |||||
| 490,000 | - | - | 490,000 | - | |
| - | - | - | |||
| - | - | - | |||
| 490,000 | - | - | 490,000 | - |
CCXX R1 accounts (SS)
24/11/2024
1
| Section B Statement of | assets and liabilities at the end of the period | assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Petty Cash Barclays Ban Account Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 490,000 - - - 490,000 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Mandip Yadav Print Name Hardip Nijjar Baljinder Nijjar |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Hardip Nijjar | 24/11/2024 | ||
| Baljinder Nijjar | 24/11/2024 | ||
| Mandip Yadav | 24/11/2024 |
CCXX R2 accounts (SS)
24/11/2024
2
Section A
Trustees' Annual Report for the period
Period start date Period end date 16[th] March 2023` 31st December 2023 From To
Reference and administration details
Charity name
BC Foundation
Other names charity is known by Registered charity number (if any) 1202340 Charity's principal address Unit 1 Campbell Way Business Park, Campbell Way Dinnington Sheffield Postcode S25 3SF
Names of the charity trustees who manage the charity
Trustee name Office (if any) 1 Hardip Nijjar Chairperson 2 Baljinder Nijjar Trustee 3 Mandip Yadav Trustee 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Name of person (or body) Dates acted if not for entitled to appoint trustee (if whole year any)
Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
TAR
1
2024
Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B
Structure, governance and management
Description of the charity’s trusts
Type of governing document
Trust deed adopted March 2023
- (eg. trust deed, constitution)
How the charity is constituted
CIO
- (eg. trust, association, company)
Appointed at charity set up. New Trustees by the existing trustees. Trustees Trustee selection methods are appointed or reappointed annually at the Annual General Meeting. (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
Summary of the objects of the charity set out in its governing document
Objectives and activities
THE PREVENTION OR RELIEF OF POVERTY WORLDWIDE BY PROVIDING: GRANTS, ITEMS AND SERVICES TO INDIVIDUALS IN NEED AND/OR CHARITIES, OR OTHER ORGANISATIONS WORKING TO PREVENT OR RELIEVE POVERTY.
TAR
2
2024
In Planning our activities for the year & into 2024 we kept in mind the Charity Commissions guidance on public benefit at our trustee meetings.
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:
- policy on grantmaking;
Decisions in regards to grants and donations are made through the process of an application for a grant or recommendation of a donation. These are then reviewed by the board of Trustees and voted on at a committee meeting.
-
policy programme related investment;
-
contribution made by volunteers.
Section D
Achievements and performance
TAR
3
2024
Section D Achievements and performance The Charity received an initial donation in the year and the Trustees are Summary of the main researching potential programs and beneficial causes achievements of the charity during the year
TAR
4
2024
Section E Financial review
We hold cash at the bank of £490.000, all of which is unrestricted funds. Brief statement of the charity’s policy on reserves Total reserves are £490.000, cash at the bank,
Details of any funds materially Not Applicable in deficit
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) Hardip Nijjar Full name(s) Position (eg Secretary, Chair Chair, etc) Date 22/11/2024
TAR
2024
5
| BC Foundation | 1202340 | |||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
16/03/2023 | To | 31/12/2023 |
Section A Receipts and payments
| Section A Receipts and | payments | ||||
|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 490,000 490,000 - - - 490,000 - - - - - - - - - - - - - - - - - - - - - - - - - - 490,000 490,000 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 490,000 - - - - - - - - - - 490,000 - - - 490,000 - - - - - - - - - - - - - - - - - - - - - - - - - - 490,000 - - 490,000 |
Last year to the nearest £ |
| Donations | 490,000 | - | |||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| Sub total(Gross income for AR) | 490,000 | - | |||
| A2 Asset and investment sales, (see table). |
|||||
| - | |||||
| - |
- | ||||
| ~~Sub total~~ | - | - | |||
| Total receipts A3 Payments |
|||||
| - | |||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| **Sub total ** | - | - | |||
| A4 Asset and investment purchases, (see table) |
|||||
| - | |||||
| - | |||||
| **Sub total ** | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||
| - | |||||
| 490,000 | - | - | 490,000 | - | |
| - | - | - | |||
| - | - | - | |||
| 490,000 | - | - | 490,000 | - |
CCXX R1 accounts (SS)
24/11/2024
1
| Section B Statement of | assets and liabilities at the end of the period | assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Petty Cash Barclays Ban Account Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 490,000 - - - 490,000 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Mandip Yadav Print Name Hardip Nijjar Baljinder Nijjar |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Hardip Nijjar | 24/11/2024 | ||
| Baljinder Nijjar | 24/11/2024 | ||
| Mandip Yadav | 24/11/2024 |
CCXX R2 accounts (SS)
24/11/2024
2
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report |
BC Foundation | BC Foundation | BC Foundation |
|---|---|---|---|
| 31stDecember 2023 | Charity no (if any) |
1202340 | |
| 1-2 ) |
|||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended31-12-2023. As the charity's trustees, 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. |
| Independent | I have completed my examination. I confirm that no material matters have |
|---|---|
| examiner's statement | come to my attention in connection with the examination (other than that |
| disclosed below *) which gives me cause to believe that in, any material | |
| respect: |
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
• the accounts did 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.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
24/11/24 | ||
|---|---|---|---|
| Mrs Jill Baldwin | |||
| FCMA CGMA – Member in Practice – Chartered Institute of Management Accountants |
|||
| 1 Betony Close, Killamarsh, S21 1TH | |||
1
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
Funding donation only
2
| BC Foundation | 1202340 | |||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
16/03/2023 | To | 31/12/2023 |
Section A Receipts and payments
| Section A Receipts and | payments | ||||
|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 490,000 490,000 - - - 490,000 - - - - - - - - - - - - - - - - - - - - - - - - - - 490,000 490,000 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 490,000 - - - - - - - - - - 490,000 - - - 490,000 - - - - - - - - - - - - - - - - - - - - - - - - - - 490,000 - - 490,000 |
Last year to the nearest £ |
| Donations | 490,000 | - | |||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| Sub total(Gross income for AR) | 490,000 | - | |||
| A2 Asset and investment sales, (see table). |
|||||
| - | |||||
| - |
- | ||||
| ~~Sub total~~ | - | - | |||
| Total receipts A3 Payments |
|||||
| - | |||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| **Sub total ** | - | - | |||
| A4 Asset and investment purchases, (see table) |
|||||
| - | |||||
| - | |||||
| **Sub total ** | - | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||
| - | |||||
| 490,000 | - | - | 490,000 | - | |
| - | - | - | |||
| - | - | - | |||
| 490,000 | - | - | 490,000 | - |
CCXX R1 accounts (SS)
24/11/2024
1
| Section B Statement of | assets and liabilities at the end of the period | assets and liabilities at the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Total cash funds (agree balances with receipts and payments account(s)) Petty Cash Barclays Ban Account Details Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 490,000 - - - 490,000 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Mandip Yadav Print Name Hardip Nijjar Baljinder Nijjar |
Endowment funds to nearest £ |
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Hardip Nijjar | 24/11/2024 | ||
| Baljinder Nijjar | 24/11/2024 | ||
| Mandip Yadav | 24/11/2024 |
CCXX R2 accounts (SS)
24/11/2024
2