Trustees’ Annual Report for the period
From: 01/03/2024 To: 28/02/2025
Charity name: GALAXY FOUNDATION LTD
Charity registration number: 1205972
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objective of this Charity is to endeavour various educational and charitable projects both in the UK and abroad, in particular but not limited to advancing the education of primary and secondary-aged school children and alleviating poverty for the students and their families by providing free education, school meals, uniforms and healthcare. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
To achieve its purposes, Galaxy Foundation undertook the following key activities: • Running a full-time day school currently educating over 250 children from economically deprived backgrounds in India. • Providing free uniforms, books, meals, and learning materials to ensure that financial hardship is never a barrier to learning. • Organising extracurricular programmes such as arts, science fairs, cultural celebrations, and awareness drives. • Supporting teacher development and local employment through training and community involvement. • Expanding access to education through planned initiatives such as digital classrooms and an IT lab. Galaxy Foundation continues to empower underprivileged children in India through free, quality education. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity |
Para 1.18 | Yes, the trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Commission on public benefit
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | NA |
| Policy on social investment including program related investment |
Para 1.38 | NA |
| Contribution made by volunteers |
Para 1.38 | NA |
| Other | NA |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | *** Over 250 students are enroled, all receiving free uniforms, books, meals, and learning materials. The school introduced two learning shifts to accommodate growing demand and expanded its facilities with new classrooms and plans for a computer and IT lab. Students actively participated in academic, cultural, and community programmes, promoting all- round development. Regular assessments, teacher workshops, and volunteer engagement improved learning outcomes and strengthened community support. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| Achievements against objectives set |
Para 1.41 | NA |
| Performance of fundraising activities against objectives set |
Para 1.41 | NA |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | NA |
| Other | NA |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Yes review has been completed. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | NA |
| Amount of reserves held | Para 1.22 | Nil |
| Reasons for holding zero reserves |
Para 1.22 | All the funds received were utilized towards Charitablepurpose |
| Details of fund materially in deficit |
Para 1.24 | £ 1561 |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | NA |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | NA |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | NA |
| A description of the principal risks facing the charity |
Para 1.46 | NA |
| Other | NA |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Memorandum and Articles of Association |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | It is constituted as a Limited Company |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Only current Trustees can make appointments. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | NA |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | NA |
| Relationship with any related parties |
Para 1.51 | NA |
| Other | NA |
Reference and Administrative details
| Charity name | GALAXY FOUNDATION LTD |
|---|---|
| Other name the charity uses | NA |
| Registered charitynumber | 1205972 |
| Charity’s principal address | 28 Tesla Court Innovation Way, Peterborough, England, PE2 6FL |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Vikash Jayaswal | Same as registered address. |
NA | NA | |
| Madhurita Jayaswal |
Same as registered address. |
NA | NA | |
– Corporate trustees names of the directors at the date the report was approved
Director name Vikash Jayaswal Madhurita Jayaswal
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| NA | ||
| NA | ||
Funds held as custodian trustees on behalf of others
Description of the assets NA held in this capacity Name and objects of the NA charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for NA safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| NA | NA | NA |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
The directors are the key personnel.
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
Vikash Jayaswal |
Madhurita Jayaswal | |
Director |
Director | |
| 07/10/2025 | ||
| 07/10/2025 |
GALAXY FOUNDATION
----- Start of picture text -----
PROFIT & LOSS A/C
BOOKS AS ON 28 FEBRUARY 2025
PARTICULAR'S Feb-25 Feb-24
Revenue
Donations and Grants 53,416 16,525
General Admin Bank Expenses
Charitable Donations 20,203 13,971
Transfers to Gurukul March 2025 34,000
Advertising - 252
Printing, Postage And Stationery 1,544
Bank Charges 60 38
-
Accountancy Fees
55,807 14,261
Bank Surplus - 2,391 2,264
Accruals & Deferred Income
Use of home as Office - 1,205 1,205
Telephone and Fax - 142 142
Printing, Postage And Stationery - 202 202
Accountancy Fees 720 720
- 829 2,269
Net Surplus / Deficit - 1,562 - 5
BALANCE SHEET
BOOKS AS ON 28 FEBRUARY 2025
AS PER OUR FORMAT
PARTICULAR'S Feb 2025 Feb 2024
Bank 33,973 2,264
33,973 2,264
FY SURPLUS - 1,567 - 5
Current Liabilities
Sundry Creditors <1 Year
Galaxy of Homes 720
Use of Office as home - 1,205
Telephone & Fax - 142
Printing, Postage And Stationery - 202
Accountancy Fees 720
Transfers to Gurukul March 2025 34,000
Vikash Jayaswal Deposit 100 35,540 720 2,269
Reserve & Surplus
Total Assets Less Total Liabilities 33,973 2,264
----- End of picture text -----
Signature cover page
Signed by:
VIKASH JAYASWAL
Signing request
Created:
Description:
Document owner:
Original document name:
Original document checksum:
17/09/2025, 13:49:45
Galaxy Accounts 2025.pdf
Galaxy Foundation Ltd
Galaxy Accounts 2025.pdf
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17/09/2025, 17:03:46
Jayaswal, Madhurita
VIKASH JAYASWAL
help@galaxyfinancials.co.uk
103.250.108.22
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Registration number: 14692612 Charity Registration number: 1205972
Galaxy Foundation Ltd
(A company limited by guarantee)
Annual Report and Unaudited Financial Statements for the Year Ended 28 February 2025
Tapdat Accountants Limited T/A AIMS ICAEW Chartered Accountants Pentax House South Hill Avenue South Harrow Middlesex HA2 0DU
Galaxy Foundation Ltd
Contents
| Company Information | 1 |
|---|---|
| Accountants' Report | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Unaudited Financial Statements | 4 |
| Detailed Income Statement | 6 |
Galaxy Foundation Ltd
Company Information
Directors Vikash Jayaswal Madhurita Jayaswal
Registered office 28 Tesla Court Innovation Way Peterbourough PE2 6FL Accountants Tapdat Accountants Limited T/A AIMS ICAEW Chartered Accountants Pentax House South Hill Avenue South Harrow Middlesex HA2 0DU
Page 1
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Galaxy Foundation Ltd for the Year Ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Galaxy Foundation Ltd for the year ended 28 February 2025 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Galaxy Foundation Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Galaxy Foundation Ltd and state those matters that we have agreed to state to the Board of Directors of Galaxy Foundation Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Galaxy Foundation Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Galaxy Foundation Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Galaxy Foundation Ltd . You consider that Galaxy Foundation Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Galaxy Foundation Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Tapdat Accountants Limited T/A AIMS ICAEW Chartered Accountants Pentax House South Hill Avenue South Harrow Middlesex HA2 0DU Date:.............................
Page 2
Galaxy Foundation Ltd
Income Statement for the Year Ended 28 February 2025
| Revenue Other charges Deficit for the year |
2025 £ 53,416 (54,977) (1,561) |
2024 £ 16,525 (16,530) |
|---|---|---|
| (5) |
Page 3
Galaxy Foundation Ltd
(Registration number: 14692612) Balance Sheet as at 28 February 2025
| Current assets Creditors: Amounts falling due within one year Total assets less current liabilities Accruals and deferred income Reserves |
2025 £ 33,974 (100) 33,874 (35,440) (1,566) (1,566) |
2024 £ 2,364 (1,649) |
|---|---|---|
| 715 (720) |
||
| (5) | ||
| (5) |
1 General information
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is: 28 Tesla Court Innovation Way Peterbourough PE2 6FL United Kingdom
These financial statements were authorised for issue by the Board on 25 August 2025.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
2 Staff numbers
The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).
For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the Board on 25 August 2025 and signed on its behalf by:
Page 4
Galaxy Foundation Ltd
(Registration number: 14692612) Balance Sheet as at 28 February 2025
......................................... Vikash Jayaswal Director
......................................... Madhurita Jayaswal Director
Page 5
Galaxy Foundation Ltd
Detailed Income Statement for the Year Ended 28 February 2025
| Revenue Donations and grants Establishment costs Use of home as office General administrative expenses Telephone and fax Printing, postage and stationery Charitable donations Advertising Accountancy fees Finance charges Bank charges |
2025 £ 53,416 (1,205) (142) 1,341 54,203 - 720 56,122 60 |
2024 £ 16,525 |
|---|---|---|
| 1,205 | ||
| 142 202 13,971 252 720 |
||
| 15,287 | ||
| 38 |
This page does not form part of the statutory financial statements. Page 6