REGISTERED CHARITY NIIMBER.. 1203218 REPORT OF THETRLISTEES AND UNAIIDITED FIN.4NCIAL STATEMETr4TS FOR THE PERIOD 23 ￿[Al, 2023 T031 MARCH 21124 FOR SANDC.ROFr S.4PiDCROFr C'OliTFNTS OF THF FIN..INC'I,*I. ST..ITF.%fF.NTS for the triod 23 _I12I 2023 to 31 .1larch 2024 P¥ge Report of the Trusttes Independent ExxThiDer's Report Statemtnt of Finaocial Atti%'itles Balance Sheet Noies io tbt Fln*ffjcl•l Siatethtthis 7 w 10 Detailed Statement of Financial Aetil'ities S.4P4DCROFr RTr_PORT OF "fHTr_ TRI"STF.F.S eriod 23 1121" 2023 to 31 Ilarch 2024 for the The iru5tees ivho are also director5 of the charits. for the pUr￿SeS of ihe Companies Act 21M)6. present their rew>rt with Th¢ finanLial 5tatetnents of Ihe chariti foT the [￿￿0￿ ended i l MaTch 2024. The iTU51ees ha%"e adopie(l ihe proi'isioiis i)I' AILI)unting and RetK)rting hl Chtiriii¢%.. (IfRe¢oTnmende4S PraLti¢e appliLtible t() LhaTilie% PTepaTing their aLLounts in aLcordanLL lllth the FinanLial Rwrting Sthndard applicable in the UK and RcpubliL Ot'lrcland IFRS 1021 IcftLCti￿c l Januao. 20191. OBJECTIVES AND ACTIVITIES Objeetivts *ims The objL*lS Ot'ihc (10 arL': al tIIL preN'eniion and reliel-oftM)%'ertv. hardship LY di￿reSS ￿1th1n ihe Unitrd Kin8dom bv mak'ing grants to individuals. chariiie5 or other organisalions working to prelent Wbiert) and need. bl IhL ddi'unLL'mL'nl ill- txluLuli()n ivithin the Ilniied Kingthirn flir the 1￿Crit ()[ the public. by a55lSting (ITgtmibuli()nb supwrting Ihe is'ork Ol'L￿d￿LatIOn esiablishments or aSSOLiaicd ii'iih them. cl (hL adiLinLcmLnt ol-thL C)rthothii JL%I'ish rL'ligion iiiihin ihc Unii¢d Kingth)m for th¢ ￿lef11 ot'th¢ public. by raisin8 ail'areness and understanding ol-reli8ious beliels and praaiees. dl IhL ad%'anLLmLnt o1-5ULh other objecis a5 are for ihe ￿￿tri[ of the public and are charitsble according to F.nglish law.. Prlnelpal octiiltles ond r¢vl*T -1 o meei its objecli%'¢s the chari1> made grants ￿ qualif!'iTh8 insiituiions. PIIIII,IC' IJTr:NTr.Tr'i-r si',ii'Tr.MTr.Pi' 'I'hL haiL rLlirrLLI IhL ¥uidance tY)niained in (he Chariti. Commi$%ion'% genernl guidanLe on publiL bL'nLfil ￿hLn rcvilwing thL aim Jnd i)bjL¥iii¢% and in plannirtg ih¢ iharil!-'% luiurL' a¢iii-iii¢s. In panicular. the Iru%icL¥ ¢onqidLr h() plannLxl Jiii¥i¢iCS will ¢ontyibui¢ io ib¢ Jims and c￿1¢￿1% es sa. Cwr*nt ￿l#kin% Pollcy In mJkinB ¥ranl4 d()nu¢ions. thL ¢TUSILes ¢on$idL'r thc rwuc￿$ ma(k. and thL funds thLn avuiluhlL anLI thL impuLt ihLir runi% will mak< in a¢hiLi irtg ih¢ Lhari¢*'% g(iJls. C c?n%idcra¢ii)n 1% gi%cn Ihc (wraii()nal ¢ifJilL￿lY and rL'PUthti()n i)f ihc rLK1PIL'ni Lharii> and thL' ahilit!. tc)'mJk'L a dttlLYLniL ACHIEvE￿IENT AND PERFOR￿lANcE C'h*rilabl¢ aeiiiitit5 'I"hL Lh¢iriti LiimmLrtiiQ ils ar¢i%'ili¢s during ih¢ i.lor und¢T rN I￿%..1￿¢ tru%1¢*5 riinsidlr tha¢ thl pLrlorman¥L i?I'ih hJrii> has ￿LIstalL(?rI- dnd Iix)k fi)n¥￿d tc? inirn-&sixl 41i%'iii- in ihi (uturn.. in svartlLulJr in %upN)rting >()ung p¥i)pli with IhL tix)l% and rl￿)urE*s ihL%' nLLd li) ILad fulfillin8 lii'es and makc a rM)%lLIl'L LX)nLribuiii)n li) %)LicII'. l)uring the }'ear the charilj. made grant5 of£26.6413 to inslllulions. gel S.4P4DCROFr RTr_PORT OF "fHTr_ TRI"STF.F.S eriod 23 1121" 2023 to 31 Ilarch 2024 for the FINANCIAL REVIEW Financial results InLome for the year totall¢d £36.880. Tothl c1penditu￿ for the )"ear amounied to £26.704. Net incojlle foT the year wa5 £lQ,17h. Reserves poIRty -I'he IrustLLS hai'e es￿blished ihe level of reserves ithai is those funds thai are freely aN'ailablel thai ihe chaTili' ought to have. Re4er%e% ￿¢ n¢eJ¢d ¢() bridge the funding g#p% betiieen %￿nditsg aLtii'ilie4 and re¢¢iiiing ￿￿)ure¢8 thTtsugh vi)lurttag' danJii(>n% ¥[￿ls. -rhe trustees consider thai the ideal leNel ofreseTves ai 31 March ?024 ￿'OUld be three months of the expenditure i4.hich equate5 to approximaiel> £6.5(M). "I'he actual reser%'es ai 31 March ?U24 iiere £IO.176. '1-he irusiees rei iew the fund5 regUlur1￿ t(i Lnsur¢ Ihui there ar¢ suifiLient r¢servvJ M) pr()i'ide financial stsbility fie¥ibililJ. FIITLIRE PLANS -I'hL Lharit%' w'ill Lontinue 10 promole its core aciiviiies and ilill eonsider anv other projects adN'ancing ils objects. 8TRIIC.TIIRF..C.OVERP4ANCE AND M.4P4,IGE,%IEYT Gov¢rthing ALhiei'eJ l)reams registered w'ith the C'harii¥' commission on 23 Nla). 2023. The charii}' is ￿n(￿)lled b% its governin8 doLumLnl. ol-trust and Lc)n%iiiuiLs an unincor￿￿￿1ed LhJrii!'. Re¢rultmtnt *nd #ppolnlmeni of Dew Iru51tes N¥iv Irii.%lLL% JrL aprMTrinlLJ EluL li¥ Ihlir iniirv%l in th¢ ii'irt of th¢ charii%' and ihcir rc¢ogni%cd l￿p￿rIenCe in spcLili¢ li¢ld% iihi¥h will lurther $upw>rt lh¢ Mvrk ol. %and¢roft. I'wsie¢s can ￿h¢￿ th¢% do rM)i SCTK'¢ und¢r a lix¢d llrm ol- iL'nurL. Orgon150tlon#l Slruclurt 'I'hL h()JrJ i)I'tru%iLx'% aJminist¢rs th¢ ¥hariiv.'fh¢ h)ard m¢¢ts ￿l(￿j1¢all}.. Rlsk manggement 'I'hL tru%tLLs duly t() idLntily and TCI'ILl4' Ihc ri¥ks t() iihich the Lharity i.s eX￿¢d and ts) cnsurc approprialc Liinlr()I arc in plJ¥L lo prol ide reawnable aksuranL¢ agains¢ linud and cm)r. 'I'hL' IrustL*'% hdi'i d risk rnJndgLmLnt %trJi¢81" Ivhilh iy)mpri>¢s: dn Jnnual rL%'iLl¥ l)fihL ri%ks IhL Lhariil mai faLe: thl L%tablishmenl (Il'si 5tim5 and PrnKLLIuTL5 10 rnitigalc Ih05L risk5 idcniifjcd in Ihc plan: Ihc impll'an iod¢pLmd¢n¢ LI￿]natiL)n. I haN'L no c(IncLrn5 and haie come ocr05s no other mailer5 in connection ￿1th ihe eNamination to ￿hleh atiL'ntion Should bL druwn in thi5 rLy)rt in ()rdLr t() cnablL 41 pr()rrtr undM14￿dITh8 ()rthL aLxx)unts i() k. TL'aLhed. Mr I'hiirairutnum %udarshan FCCA Ll() IY-211 IliiurnL Court outhLnd R()tsd I iii)dl(Ird (ir¢¢n l(ill 8FID 2 1)¢Lemkr 2024 ge4 S.4P4DCROFr ST.&TF.IIF_)"I OTr F IN.4IC-.IAI. 4c-.rii ii"ITr.s for the eriod 23 1121. 2023 to 31 Ilarch 2024 lJrtre%triLied N0tr5 INC.OME AND EliDOWMENTS FROM D()ntiiicin% legaLIL% EXPENDITLRE ON Raising tunds Charitabl¢ J)ttivilies Granis io insiiiution Supwrt cosis 26,693 Total ?6.704 NET INCOME 10,176 TOTAL FIINDS CARRIED FORIVARD IU.176 CONTINI.'IPiG OPERATIONS All inLI)mL and LxpLnditurL aribLn from eonlinuin8 aciii'ities. The notes fonn part of these flnancial SLgLements Jge5 S.4P4DCROFr BAI..IIC-.F. SHF.ET JI Ilarch 2024 Unrestricted tund Notcs CURRENT ASSETS Cash at bank 30,176 CREDITORS Am()unt% lalling due M ithin one }'ear 120,(X)01 NET CURRENT ASSETS 10,176 TOTAL ASSETS LESS CIIRREP*T LIABILITIES 10,676 NET ASSETS 10.676 IlnrL%tri¥lLd I'unds 10.676 TOTAL FiINDS 10.676 -I'h¢ Iinan¢ial.%iai¢m¢nis ivere Oppro%.￿ by lh¢ Iloard of and authorisd for issue on 2 I)￿¢Mber 2024 and ￿ere %ibTrnL,d i)n iits bLhJll' bj.. Mr Y /.aidLn-'fru51ee The notes fonn part of these flnancial SLgLements Jge6 S.4P4DCROFr P40"fTr.S"IO THF. Tr IN.INC'I..ii. s"r.Ii"Tr.hIF.￿Ts ror the triod 23 1121. 2023 to 31 Ilarch 2024 ACCOUNTING POLICIES Ba515 of preparing the financial 5¢atements The linanLial 4latetnent% lif the Lharitl. iihi¢h 1% a FM]bliL l*nefit eTrlilv under FRS 102, have been prepared in aLLordanLL l5.ith IhL charitIL￿ SORP IFRS 10?) 'ALcollnting and RctX)rting b). Charitics.- Siaicmcni ot. RecommcndLd PractlCL applicable to chariiiesprLparing ihLiraec4)unis in accordanec ii'iih ihc Financial RcpDrtin8 Sundard appliLable in the LIK and RepubliL of Irelaiid11.'RS 10?Ilefteeiii'e l Januar). 20191,, l.'inanLial Reporting qthndaTLI 102 'The Finan¢iJl R¢TX)rling 8tsnJard #pplii8hl¢ in the l.'k and R¢publi¥ i)r IT¢lanLI' and the LhJrili Ait ?01 l. The lirtJn¢ial siat¢menL% e b¢¢rt PTepat¢d under the hisii)Tj¢al ¢i)%¢ u)ni'entii)n. Going toncern I'he Irusiee5. hai'in8 made appropriate enquirie& consider thai adequate resource5 exists for the charit), lo Liiniinul in ()p¢ratiiinal exi51encc for the r()rLscLable fulure and ihaL iheref(ITC. It 15 appr(ipriuie t() ud()pl gÉ)ing ¢oniLrn basis in preparin8 the linancial st￿emen1S as at and ti)r the PLYiod end¢d 30 April 2023. The trusieL'S ha￿ty mad¢ this awssm¢nt in r¢srtti ￿ a oron¢ !'¢ar from th¢ dai¢ of approval of thes¢ a¢¢ounts. Thc ITU%tLLS huie Lx>ncludcd thai Ihcre are no maierial unccnaintle5 Tclated io £￿'ents i)r condition5 Ihat ma). La%t 5i¥niliLuni d()ubt i)n IhL abiliti (If ihL Lharii) li) Lx)niinuL gi)ing Lx)nLLrn.'IknL arL i)fthL (Ipini()n thut th¥ Lharily %iill hai¢ %uftiLiini rL%)urLx's io mL*i thL liabililiLs as ihL* fall duL. Critical atcounting judgements and key sources of estimation untertainty l>rLpurulii)n c)I' IhL uLLI)unL% TLLiuifL.% ihL IrustLX% und ManugLynL￿t iii makL' signilivanljudgLinLnt5 and cslimuiL'5. I'hL itLm% in IhL aLLc>unL% i%hLTL thL%L' judgimL'nts and ha¥L l*L'n madL inLludL- IloLaiion ol'supwrt io$is a¢ross Lhari¢abl¢ a¢iii'iiics. Income All inLÉ)rnL 1% rLIi)gTni%Ld in th¢ slalLmLni ()I' l.'inanii411 Ailii'iliL4 IlllLL ihL Lharil} h&% Lnti(ILmLnl to tliL lund.%. il i.% prt)bublL thut thL inLxJmL WLII t*. rL*LI￿Ld thL ￿{1￿￿1 cun bL' mLwurL¥J rLliubl>. Fxpendlturt l.idhilitiLs arL reLx>8ni5ed &5 ex￿ndIt￿re os s(x)n ILS ihere is a le8al or wnsLTUClI￿L l)hli8ati()n uimmiiiin8 thL churil). t(> that C¥PLndiiuTC. il is probablL Ihat a tran.4lcr ()l-cL()iii)rniL bcncfiL% ivill Ix. TLNuircd in 4LiIILniLnl and th¥ amount ol'¢h¢ obligalion b¢ measurcd rcliably. I..%￿l￿11￿￿ IA al￿)UnIc￿ for on an aLLruUI￿ basis hu bLLn rlu%siliLd und¢r hLa(lings Ihai aggr¢ga¢L all ¢(Tr51 r¢lJi¢d ¢0 thc fiilLg(In.. ￿'b￿r¢ uTr%i% ¢ann(ii hl dirL¥iI> JtirihuiiJ 10 pJrti¢ul¥ h¢JJings th¥) hai¥ ￿.n all(KJtLxl Lv Ji¢lkltii% (Trn J u)nsitslini w'llh lh¥ or rL.%i)ufLL%. (irnnis (?ffrred 5ubje¢t ¢0 umdilions li.hirh have noi been md ai the fvear end dale are n(Tr*d a5 a rominitmeni bul ni)t aiiru¢d as ixp¢ndi¢ure. Charitable activilies C'haritablL activitiLs cornprise ihosc cost incurrcd M. Ihc charili" in the dclii'm. of its actii ilics and SCTN iccs lor its bcnth r05t5 that ran bc alloratd dirrrili" tsk 5urh urtii iti¢s and ¢h05¢ costs ol-an indircct natur¢ n*es&Lfv Iii SUPkKTrrt ih¢m. Goierngnte costs CJl)vLrnan¥L costs iompri5C thosc costs a5sociatcd ii'ith mccting thc constitutional and stratcgic rcquircmcnts of th¥ ¢h%irilv dnd ¢h¢ airountanLI" f¢¢5 and costs link"¢d li) ihe strategic managemeni (If th¢ ¢haTity. T&x8tloD Thc Lharity is considercd to pass ihc ic51S S￿ oul in Sch. 6. para. l of the Financc Act 2010 and thcretOTC It mcctS thc dclinition ol-a chaTithble COTnFan!" lor LIK COTPK)ration lax purwb5es. Accordingl}". the cliaritl 15 Potentiall ¢Nempt Irorn taxation in re5￿Cl of incorne or capital gain5 receii.ed ii'iihin categories coTreTed bi Pt. I l. c-.h. 3 of the Corwraiion T&K Aci 2010 or s. 256 01 the T&xaiion o[Charg￿ble Gains Aci 1992. Lo the exieni thai such incornc or gains arc applied exclusi￿.¢1! Lo chariiablc purrMIsLs. Fund accounting I,'nre5tTi¢l¢d fund5 Lan k uKd in a¢xoTdJn¢e ii.ith thr chariLthle objffliieb ai ¢h¢ dibcTetion vf the Iru5LetS. Piige 7 ontinued... S.4P4DCROFr NOTTr.S TO TH Tr_ F IN.&NC-I.41. 57"4"1Tr.%IF.NTS- continued ror the eriod 23 1121. 2023 to 31 Ilarch 2024 ACCOUNTING POLICIES- tolltillued Fund accounting RestrictLd tunds Lan onl%. bL' USl￿d tor partlLular rL￿[ricied purrM)ses iiithin thc objtLts ot'tht charity. RcsiriLiions arise ￿hell S￿cItIed by thL donor or iihen lunds arc raiscd for partieular resir1e￿d purp)ses. Furiher e.xplatvation ()f¢he naiure anJ purtx)* ()f vaLh fund i_% inLluded in the ¢th the fJnan¢ial %V41etnenLq. DONATIONS AND LEGACIES Donations C'.H,IRITABLE ACTIVITIES C.'OSTS Cjrani funding or ni)tL 51 (irani$ 10 insiiiuiions %uprx)rt ¥osis 26.693 26.6Y3 2(Tr.693 Piige 8 ontinued... S.4P4DCROFr NOTTr.S TO TH Tr_ F IN.IIC-I.11. 5T A TTr.IITr.NTS- continued ror the eriod 23 1121. 2023 to 31 Ilarch 2024 GRANTS PAYABLE Grants to insiiiuiiions 26.693 26.693 All grants were paid in line iviih the objects of the ehariTh'. SUPPORT COSTS Suppon costs uptK)rt L(ISts TRIISTEES, RTr:MIIPJER,ITION.4ND BENEFITS ThLYL w¢r¥ no irusttts, r¥'munLr41iot) oroiher b¢n¢fits for thc JKriod ¢nJLxl 31 MarLh 2024. Trustees, exptn5e5 'I'hLrL ivLr< n() Iru.%lL*'s' c%pLmsLy paid for Ihc Nrii)d cnJed 31 March 2(1?4. C'REDITORS.. A￿lo[lNTs FALLING DIIE II'ITHI) ONE I'EAR ()thLf Lrcditors IOVEMENT IN FUNDS Net mov¢m¢ni in Ai 31..7.24 Unrestricted funds 10.170 10.176 TOTAL FUNDS 10.176 10.176 Piige 9 ontinued... S.4P4DCROFr NOTTr.S TO TH Tr_ F IN.&NC-I.41. 57"4"1Tr.%IF.NTS- continued ror the eriod 23 1121. 2023 to 31 Ilarch 2024 IOVEMENT IN FUNDS- continued Net tnovernent in funds. included in the aiK>iC arc as folloivs= InL4)min8 rcsources Resources cKpcnded Moillemenl in tunds Unrcstricted funds CJ¢nL'rJl I'Llrtd 36.880 (26.7041 10.176 TOTAL FIINDS 36.880 126.7041 10.176 RELATED PARTY DISCLOSURES l)uring the peri()d. diinlliion50f £30.564 li'ere recei¥'ed frorn the Iruslttsor c()mpwiie¥ ()f ii,hich the%. ure direct()r&. Pag¢ 10