## **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
a11bb52585eba7bb705b93fb250310ba37af8f800c54ef7e16ae2a918e221471 (SHA-256)
## Signee
Signed:
Comment:
Name as registered in practice management software:
Name as provided by signee:
E-mail address:
IP Address:
Browser user agent:
## 17/09/2025, 17:03:46
-
Jayaswal, Madhurita
VIKASH JAYASWAL
help@galaxyfinancials.co.uk
103.250.108.22
Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/140.0.0.0 Safari/537.36
Powered by Engager.app. 39.2.0 / 39.2.0
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