Unaudited Financial Statements Lord Rana Foundation Chaiitable Tiust For thè year ended 31 March 2021 ChaTity number: 102822 Lord Rana Foundation Charitable Trust IA company limited by guarantee} c.ontents Page R•ferenc• and admlnlstratjve detalls ol the Charlty Its T￿￿tee* and athilstrs Trugt¢•$' report Trustees. responslbllltles statwnent Indèpendent examlnerfs ￿pfjrt Statem•nt of nnan¢lal actlvltles Balance $he•t 10 Notes tts th¢ Ilnarbclal statements Lord Rana Foundation Charitable Trust (A company limited by guarantee) Refercnce ind administL2tii'e details ol the Cliaiit)., its Tiu%tees Ind idiTisers For the year énded 31 March 2021 TN6to•s Lor(I l) S Kxrt R Rana l B CJ2rreir D Brooks Chailty rèolstered umber 1028?? Reglstered offieo 60 Glcii I'icioiii Stteei ilcltasr AccouDtants Grant Thornton INI) I.I.P C.l)Aiicrcd ,.Ictouiirxnt5 12 - li l)nntgthll SquAfL 11 cst Bel(asr B-I-16JH Banktrrs Danske Bank Doncgill Squaic 11 esi 11.1.1 6JS Page 1 Lord Rana Foundation Charitabl¢ Trust {A company limited by guarantee) Tiustee.%' Icport For the year ended 31 March 2021 -l-lic Ttusrecs prL'SCfLi their aniiilal iepori togcil)cr ￿lih the Iinancixl stxtenients of ihe IA>rd Rana Foundarinn C.harirable-Irust Eor rl)c i'tar I rlpril ?Oth? to .11 Nljiih ?021 'I'hc"rtust is regLitL'ied ii'iih the INI ChATit4' Ctsmmission. Its Charl￿. numbci is 102822 atld tl?c regisrtrcd oElice is 6U (Jie41t I'ictoria Strect, Helljsi. ii-r2-IBII. Objettis-cs And aciii'itlf5 a. Background to Lortl Rana Foundatlon Charitable Trust and Its Poll¢lo5 and objectlves -I'hc l.ord IlTrna PoLindarion Ch2fltablt-I'n￿r ii?s e5tabhshcd bi.-1r￿[ l)eed dated 26 NT{n-cmber 1996_ Tlie charit). fiinds to pro%'ide Free i,ducRrion to P￿)r chddrcn hi-ing in mial areas of Punjab Ilndi2). Tlic ITinsferri,d help support rht fnTmauon and extcnsion o( a majoi educatton coniplex io #chi￿'t t])is objectii-c. 'I'hc (lirLCt benefji ii-l)ich from this pu4)Ose is pro¥notion oFknO￿.Iedg¢. underst2nding and skn'lls ertt(iuragiIig dei-elopment, tileiit qnd ctnpln!-Inciii. Bcnefiis Are ei-Lilencc(I rliiougli (ecdbAik froin bcncficiAfiL'S. sraLclioldcrs and tiiIidL'[￿. "Ihis PU￿0￿C ilfx'5 not gii-c riNC (o #ni-113rtn. 'I-hc bL'ncficiArits of rhli l)IITC)sc #rc PLY)plc ]ii'iIig i)tts)131111' in NnTihern Srclaii(12nil Iiidij. .-1 prii'att bencfit 10 rniitCL'S nial. 2risc froin oilt pingraiiiii)L' c)f oiigoirtg rraining iii goud goi-crnince, fth2ncc eic. througlTr thif iraiiiing trustCC5 gain skills and cKI)illL'nCC ii'htch arc Ir41115fL'f?blc iu nrher stLtsngs. ThL'5C skills arc incÈilcnt21 an(1 ncctssag- io cnsurL tlic beJ)clir i5 proi-IdLd ia il)e bencfici2ries. b. Maln a¢llvlt105 vndtrrtaken Dii-elrjpnitiit uf I'.IliicarJrJii -Ihe'l'tiist ii'roks tnii-atil pini'iding Ird Ici'il cducation to rlic ￿ra1 2reAs c)f l)unjAb. In rli¢ 2bbl.ncc of tliis iniiiiitji-e In A riiiil cliiltict ()E l?Llll5ab, Ihe PLK)I cl)ildtin lii'ing IiLle ii'cri d￿ri%.¢J ITr( iinii'ctsit!- ¢.diication ii.hich is uAII- il-oil9￿ blL JII l)IkTr Cl1iLs. '11)c ttLlsr fiiii(Itd 2 mxjoi buildiijg refuTbisliJiiciii and cx(eiiiion o[2 higl) sclinol i-1112gc FIel)nTr1-￿i1 (Puojiib) in 199-,-99. crcattng bciicr f#cdJries (01 s[l￿entS and ictsthcrs. .4s ts iesulr tlie scl)nnl il-as 111)¥IRcle(I [() q li]4?her sccondarn. school. l?eAcL Iniiil Ic1121iTh' regJ>tr2tsurt.- R(.-I Xlll iO-,2111-Is origiJ)alli' CSlRblJsliLcI to i)ronioie cliaritAblc and pe2cc-niikiJig init]aSll-ts in Xi 'orrliein Itclthnd. IA I99-. Ilic rru5r 51iilie(l irs fnciis tu Iii(lia, fiin(liii&t tIiL' ILliirbiiliincnt ()[ a 111811 scIIcM)I, and Csigbhsliing tducarinnal 12cth-ties at Singliol, iitoi I-l)￿[1d1%￿r1], l)iiiijql). 'I'l] jj lill% ¢XPltidL.d siiadili- iintil j< noii- a 2i-acrc campus ￿1th sei'er21 instittirion.- oftciiiig cdLlCXllI)n and Iroinis)g tiotiJ iiiir%ei!" li'i-I,I to poy¢b7￿Ju￿Le sndies. 'I'lic conii)Icnicntary' sirengil)5 ()[ tlie ni-f> (>i¥anis21ions hqi-c bten brougl)t Ic)giilier iii on a¥lLCJ))cnr iiiiilLlI)Jiining a Irarc8ic poittiL'ls1)Ji) bcni-ccii'l-hc l.nrd Rani I'oiiiidariTrn C.liJriril)le'l'iust b2%cd iii Nl()rilicrii Ircl8iicI allLI Ilic N'N'I-.cll'i(I CJl()bal Ceiirr¢ Eoi NL luiriiion Rnd I Ic41lrli in l-.ainbridge, ii-i)Ikin% closel!- iiiih LNNI-'dl)[ci's kc!. ac1dcinic collqhc)iatJng insiirLirinn5 Including L'l>Ecr L nii-ersiry" #nd rl)e Lnii"eisin- OE Cambiidgt. Kt%' eK2inples cil i)ioijects siippDittil l)!- Ilic 5111ti'gJc parrnL'isIILP.' l.-l-h¢ 11(Jbile-E-eacl)ing knrchtn Iniriaiii-c in India and more ￿'ide11-,1lIt￿aj. Csr8bknslied aiicl operalinx siiicc ?018, Ilic 'llhAI-l%hi'11 SliiLii li Ii)bilc-I'c8cliing kniclicii ijllEJRtii-c cinpniNeis iiY)mcn ancl cc)IniniJiiirics 11!- %liAriJig iackli Illi rriiile biLidLIi L>f iiiiiriiic)n i)r¢Nciir in IndiA TIIC pi()ji'ci 11.25 01) Iixck (c) bi SiJif91tiabli' tno(Icl In L'ini)()Ki-('r 'c ticccl tiinili to illl)pnrr rliL Lllvbilc'l L'lliliiiig Kjiclieii uf)Lt li Yl(l L'nsufL' x rcsi)cc131)IL' silxr!. (Or IhL' Kl-()rkiiig NNII.. (11)[() Gjlobii l ("¢ntii ii'oulcl IILL. tv cxpanil irfi 11-I'k Init￿￿11-( io oilli'r pan5 ()[ tlii %lobc. p￿e3 Lord Rana Foundation Charitable Trust IA company limited by guarantee) Trustces, ieport (continued) For the year ended 31 March 2021 ObJ•¢tlvg5 and acti￿tIeS leontlnued) ? 'riic Ni'iltrittnn l-'duc2uon Pob"c!' in 14c2lihcare Pracrice (P%'f.l)Pll.-l.Pl Initiatii-c in rhc L'K and m(Jrc iiidcli" ,.linii ti) rrilll) jiiIiior dcKtors, gLncr21 praciiiioncrs and Jib-Ld healthcxtc profcssionals abuut.- 'lThc cotntnuii pioblcins ii'irli ijulritloll Ci2fL in hcispirll Is 2nd rh¢ coi)ImiLniri"'-1lic use of ap1)ropr￿te scrcenitig iouls tc) clercci tnAh)ulritiiin",'Ilic bASiCS fjf flfsr niiiririon inti'r%-fnrions llje nc¢d foi 1ss¢sqll)trti and rnqnaglmeni olniitiiiJonAI IlLfJciL'nciL'S" .,Ii)i)roi)riare oiiii'aid rL.Eerr411 ro spciJalis1 sen'Acts."lThe team 2¢ Xi IN.F.dPro hnpc rn dcl'cloi) And si)re2(I tl)e Nl.'l)I11.-l.l) ii-orLsliop Euiflier iii uidf r io T¢￿ch 2$ niani. l)eilihcaTC professionals possiblc Ki'iihin rlie arca c()i-ereil bi" tlic L.'K &- 111.13nd INTNI .LdPin Rc.￿OnI1 iXcN-otk 2$ ￿TIl as oilici p2its nf rl?c globe. It ii-dl bc in)porriil)t ru CS14?bhsh a 511St4211)2blc PRthii-ai. for itnplcmcniiti¥ Èli¢ projcct on a 11-ider scali. I'SPL'cJslli" to %ddrL'55 tlic ncc(1s of gertcral prxctiiiijncrs 14 nd 2lh"i.d hcalihcaic profession21s in prisnJn' caie. This 15 bkeli" iilierc iii)rritJotiAI 11sk tiitinigejiiciii of ilise25c ii'di h21-c tli¢ b1￿C$[ impaci. Oiher potenrial ittnoi-aiioni Iiicludi iniproi-iiig tlie tr2nsfL'r ()f carc bttti-een prlnittrs" an(1 secortdag- scLTh-ices I￿1rding rtuintion. Acl)ievemeat5 and performance R•vlow of actlvlt1•6 Diirin£ ihc Cliircnr finAncJal l-i'ar. li-e SUCCCsStiill!- ptogtL'55eil 011 all uf ihc *boi-e hsied 21tii-irics. Tlic Iininciol i)cilorniancc of IhL I-ru>l Cart be scen ￿'l[l￿n thl Finaiicial sta¢ement>. Inv•stment polley and perfornian¢e I'hL'lC ii'ere no ini-estmcnt> dur]ng the I'cal. orhci than cash held on dL'PQSii in a ciirrent xccount. c. R•sulls for th• year 'I'h¢ performince of rhc charir%- is ser out in the Siatemcnr o( Fin2ncthl ¥1c(ii'i￿'. Page4 Lord Rana Foundation Charitable Trust IA Company limitgd by guarant&¥) Trustees, ieport (continued) For the year ended 31 March 2021 a. Goln9 cone•m Ilfter making 3PPTnpri2te cnqijirics. the Tnjsiees hJi-e # re2songble txpect31iOrt thai rlie C.hariry' h15 adcquatc rc51)UILlS to conriAut ij) opciarinnttl eKisicnce for thc forc>ec2ble fliwrc. 1,01 iliis rcasun. tlie}' c()l)tiIiiic in aclr)pt Ilie gLbJnx c(Incern b..iils in prL'pgiittg tIxL finiJici91 stXlLincnis. I'utihil dciad5 ILgarcliiig tliL 2dopti()n of Ilic gi)ii)s ccItICLtn ba51$ bi foiin(l ifL the accoiinring pvilcies. b. R95erv•s poll¢y 'IIL.'I'ttiit liolds rL'StTh'es siifticieni 10 ineer iht di). to dai" requireincnts o(optrations. Sttiiciiire> goi-etnancc and managcmeDI a. Constitutlon l.or(l Found41tic)n Ch2ritxblc'l-Iit>t is rcgisiL'ILYI as a chgritablc con1p￿tt5. hmiied bs. guirantci. and sil Ilp bi. q'l clced. b. Mèthods ol appolntment or electlon ol Tn￿*00$ -riic J)11113gL'fticnt of ilie ch2rJn' is the rLiponsibiliry of the I rustccs iNho atL' elected gnd co-oprcd undcr the tcrJ))5 ol the-l-ru5t Iltcil. -I'l)e'l'nistLe> 11-ho SL'Th"ed dliring the lear ii'£ie- 5.uicl D % R3¢18 D IlrrJC)ks c. Rlsk managemont 'Llic-I rii%LL'i'S IIii-L %S%cssI,d il)¢ niojDI Iliks 10 ii-liicl) Ilie cliiriti. 1% eNw)SL.d. iii pAiiicul2r Ilic)%L' iil..Iliil 11) tliL' oiicrqticllls 11)d fitlsllcli of the chirit!-, 311d ArL Sili>ficd Ilijt s!-£rcJiis 2nLI proccdiirLi Arc in Iilici to IlllLibTllC oiir eip()slllC to tlic niijor risks. ..Ii)i)roi-e(I bi" i)Icltr of tlic JJ)Lmbcrs D( tllc b03rd Dt-l-ni>iCCS on l Juli 2024 xi)d sigiied oil ili¢iT bcliilf b!-: Lotcl D S R.In (l-tuqtecl P8p5 Lord Rana Foundation Charitable Trust {A company limited by guaranto¢1 Statement of Tiu8tees' ie.sponsibilities For the year ended 31 March 2021 -l-lic"l ￿$[ce is responsiblc for prcp21ing tht'l'tU5ree's reporr Jnd rhc fin2rtcial 5t2tcn)¢nis in accordxnci ii"Jili applJc2ble laii- ancl L.tiired Kingdoiii..Iccouiittiig grandirds (Liiitcil KJn%dosn CJcncrg11i' .,Icctpted Jlccounting )racuci 'I'hc laii- applicilble to cliarittes iNorthcrn Irel2rtd requites ihe I ru5ttc ¢0 prep%re Iin2nci21 stalcmcnrs for cxcli Iin?nci.il ii.liiili £ii-L I tnie aiid laii i'icKI- of ihe siatc of aff2￿$ of IliC'L-￿s[ and of its inc(Iniin8 resouiccs Axid IppIic41tioii vf rcsoijiccs. including irs incume and cxpcndiiutL.. (or ihat per￿1. lil ptepaiing ihese [￿AncIal siatL'niciiis. tliL l-niitee is reqilircil to-. selcct suir2ble accounting pohcfftes and then appli. theni cortstSlL'nil!-' ob5L'Th'e rht mcihods and principlL'5 of rlTrc Ch3ri(ics SORI) (FRS 102): miLc jiiilgemciiis.oTrd 1ccounting csiimates rliar ar¢ reasonablc ptudL'n¢,' state ii'lietlier apphcabl¢ LK..Icic)uniing Stindxrds O."RS 102} hai"e been foll￿l'ed, subjL'Ct ro Aii}' material dcpirrurcs disclI)sed 2nd explJiiic(l in rhc [￿an(la1 SiJlc'nientS' prepirL' Ihe f￿1￿Cl￿1 !rxiemL'nts on thL' going COtLcem bisis unless li is inippiopriiti. t() presiimi, thAt rl)c C.hqrit%' li'￿ coniinLlt in biisiness. 'l-hc'l'iiisre¢ ari IL'spon%iblL. Foi keeping qdcqiiaic Jccounting records Ihgt arc sufficient io sho￿. And eiplAin thL' 'I'riiit'b Iiins2Ctiot15 aiiil discII)5e i4.iih IL'iSI)nAble icciirgc!. xi qn!- ruiiL the financi21 pusltioii of tl?L I nist iiIid inxble tlicm ro tnsiire tli2t Ihe financijl sraren)crtts comi)l!' iiirli rlic (-h2niits ..Ici 24orrlicrn IIL.12ndJ 2(X)8, tlie I'.liariutS l..Iccoiiiiri ancl Rcpoiris) R¢giilJtiDns P%'oriliL'rti Ircl2ndi 201) aiid thc proi-isir)nfi nf rhc-I'Tusr dcccl. 'I'hci- arc iilso ILspf)n%iblc Ecir legu21ding tl)t 2Ssers o( thc'l'rust and heoce lui taking reasonable qtcps Eur rl)e prei-entiorl lind LILtcctinn ot Eiiud And utlier irregulqriries. pproi-cd bi. orcler of the mcmbcrs c)f ihe boxid of -1 rustecs Oti l Jul1- 2024 signe(l on its bcliAlf b).: Lord D S RAllid R RAiia Page 6 Lord Rana Foundation Charitable Truyt A company limited by guarantee) GrantThornton Independent ex<2 minei's iepoit For the year end&d 31 March 2021 Indep•ndont examlnerfs roport to tho Tru5t0•5 of Lord Rana Foundatlon Charftable Trust 'e rLpi)rt c)n thL. fjnirtcial siatLlnertis of iht charit). for Ili¢ }"car cnded 31 hlacch 202111-hich are sci out un i)ogLs 9 to 16. R85p•etl¥o responslbllltle5 of charlty T￿$1•*$ and exJmlnw Jls ilic cliarLn' S ttusteL'S (￿rtd 21s0 ihe directors o( Ilie cnnipin!" fui tlit i)urpoqe nlciiInp2tl5' lai%') Iou aTC respn¢iiible fcjr IliL' l)fLI)2r2uoii of Il)c accoiiiirs iii 8cinid21lCt ii-iil) tlie requjrctnents UF tlic Coii)p3nies ,-lil ?onci. I loi-ii)g sqt15ficd mi.silf ihiii the ch?rin- is subject 10 2udiT undet compaii!" and is eligible fc)i irtdtpcndent e_KoiniAqti()n, li Is oiir teipoll%ibiliTh- ro.. Lxartiine ihe accounrs undei scction 6) of Ilic Chjrirics 4Ict INoitlitlA Ircl2nd) 2008. folloii- Ilic PTncediiri'5 lijil dts￿'n in ihe general l)Irccuons gii-en b!- Ihe l.on)niission Linilcr secrjnft 6i{9}(bl of the (.'hqnties .4ct- an(1 stAre ii.hi'thLt ttJCLII?r iDaricTS hAI-e cc)mc its oiir aiienrion. Basls ot Independent ¢xamlnefs statement 'e lilll-e exarniiiccl i.our chitit)- accounts #s requtred undtr secuoii 6Tr of ilic C.h2riUts tlct ai)(l Dui cx2minAuoti i'as C1Tric(l ()iit in ittL)Tclai)CC INLtli ihe gencial Dirtcuon> gii-en bi- rl)c C.harii!- C.on)niissioti (or Ncirthcrn Irclaii£l LlSI(lei secrjon 6i(91(b) of tl)e ChATiries ..Ic(. ()Lir cii11)Inatl()A inclii(Icd 14 r￿-le￿I of thc atcuunuiig rccordf kcpt bi- Iht c112rirn' ai)111 ColllPqTt%un of tli¢ accciiiiits prLFL'nti'cl Ki-itli tl)O%C Lecor(15. 11 9150 incIL￿t5 COllxLderiiii)n ul Rni- LIrtU%U21 itcins or di5cIDsuiLb 11) Ihc xccoiiiits, nLI SLikinK c.xi)111)14 llOll% trc)tn l.ull cliitiTh' Irusiccfi (c)nti'mirt¥ ani. siich iniitirs. Oiii role Li 10 $114 tc ii-heth£r #ni- m2ictiil maticrs comc io our aitention 8ii-ing u5 C2iJSL 10 l)clici-¢'. tl)411 accolltiting ri'cuid> IILfC noi Lepi itb Accord2ncc iiurh fiCCFiC)n 3gffj ()( tlie C.umpAnicq ..Ici 2(KJ6,. Iliqt tli£' AccDiirtti Llo not 41ccnrd ii-lrl) tliose 2ccovniiiig ￿{C)rdS- 21106 aIid ii'iilj Ilic incrl)cxl% all({ pithciplt.- ot Ilic (-.l)aiitiis si2icmLJlt of Ilccc)iiiinL'IicILII Pracricc %pplicAblL' to chiiJiLli iirLpqri¢ig rliL'LI ICCf)LLnts in accordgnie ii-ith Ilic fin%ncial Rcpc)rring.%r2J)dxiLI applicRblL' Iri IIIL. L-K r1141r tli£ic 1% tuitliii in*oiEllllLOI) needed 2 proper undc15rJnding UF tlit accoiints ic) l)c reaclieil. p￿e7 Lord Rana Foundation Charitable Trust IA company limited by guarantee) GrantThornton Indcpendent examiner's repoit (continued) For the year ended 31 March 2021 Ind•pondent examlnerfs statem•nt 'e hill-e complcrcd oiir cxatninitii)n and hai'l rto Innccrns in respccr of ihe m2rters11) tu141 hsted Aboi-e and. in c()nnecrion Ki'iili E()IIoii-itig IIIL DirL'Cttnns of rhe Charin- Lommission fur N'nirh¢n) Ircland, ii"L. hai"¢ frjiind nn n)atttrs tllit rcciiiiiL draiiung to i'our ittcnti(>rh. Grant Thornlon INI) LLP 1 July 2024 12-1 i l)oncgall S4u2rc 11 est Bclfiit P￿e8 Lord Rana Foundation Charitable Trust {A company limited by guarantee} St¢lteinent ol finic nciil actii'ities (incoipoiii ting incoine and expendituic account) For the ygar ended 31 March 2021 Uorestricied fiiiids 2021 To(al riillds 2021 21)20 Noie Income from: DoiiAILolls 14 Icgacics Oilicr incomc 226,886 39 226,886 39 172,094 Total Incom? 226,925 226,925 ExpeDdltyre on: CliaiitAblL' acti%'itics 226,585 226,585 204,00) Total oxp•ndltuYe 226,585 226,585 204,00) Not mov•m•nl In fvnds 340 340 131,89)) Reconclllatlon ol tunds: -10111 I'iiIi(1s bTI)ILglit to}[%￿.￿rd Ix'il Jlll)i'cnieAt liinils 12.3)2 340 12.352 340 {-11,89il Total lunds carrled ftsnvard 12.692 12,692 12,-3.i2 .4ll 14 tnoiin15 r¢late to cvntiniicd opcrAiions. -Ilie St14 ICI?IClIt of lirtinci21 actii'irics hiicludes #ll g2ins anil losscs Iccogniscd iii tl)c i'car. -I'lit nores f>ii pigL'S I I to 16 foriii part o( Ihesl. fin211cial siatcincnrs. Page g Rc,gistered numbei": Lord Rana Foundation Charitable Trust {A company limited by guarant￿) Balliiice sheet For the year ended 31 March 2021 2021 2020 Note Currènt •s$•t$ ('2sh at bil nk and irt hqnd 14,492 14,492 12.-4i2 Cti.diiors'. 2tnnunrb li￿.￿g dLii iiiihin one i"cAr (1,800) Nèt Curronl assèts 14692 12,3i2 Total net a$s¢ts 12,692 Charlty lunds 11692 12,-4.i2 Total funds 12,692 12,-3i2 "I'hc fL51211ciqI $r11cmcnrs h14 I'e bccn pitp3r¢d in 2ccordince iiirli proi"ision5 of FR£ 102 Scciiun l..K - sinall cniirics. -I'lie fJii.?¢lCLal stireii)ciits 11-CTe appr(ii-cd aiid au¢horAscd for iisue b!- rhe Tiusrecs on 01 Jul!- ?0?4 and sigiicd OJ) tlieir behalf l)}.: Lord D S Ran R Raii 'I'lii' ¢iotC> 01) pages I I tn 16 form part OE the>C fjnaiicial staiemciifs. P890 10 Lord Rana Foundation Charitable Trust IA company limited by guaranleel Notes to tlie fin2ncial st1< tements For thè year ended 31 March 2021 G¢neral Inforni¥tlon l.orcl Ilini I'nunil21ion Cliirirqble"Fttittition numbcr is 102822. ictoria A¢¢ountlng poll¢les 2.1 Basls of preparallon ol flnan¢lal statements I'he IinAnciii I siarctni'nis ale Pr￿arlxI on A goi1)£ concem baq Is. Urtdcr rhc hi>torical cosi ciini'cnri()rt n({ in accordqntt ii'iih %cciion 1.4 of fin2nci21 KepoIiin£ %tArtdard 102, the S-irtaiiciol Riporrirtg rqnil2rd applicttblt jii Ihc L K aiiil ihe Repiiblic OE Iiilaiid and the C.IiJnp2nies Ali 2(X)6. '1'lici" liii'c bclii prep.QTcd iii 2ccoidgnce rhc S121eniei)r of Rccomniended l)ractice- Ilccouiiuxig and Repnitji) b)" Chariiie5. cffccui-e 1st Janu2r)- 2019 (SORI"). Ix)rd Rana l.Durtdxuon Chari12bke Trust mccrs the dtfhniiion of a puhiit bencflt entit>. iindci FRS 102. 'l-he finiincial siaien)enis are preparcd in sicrljng Q), u.liich is the futkciiunal cuiitnc). of tl)i -fri251. 2.2 Golng concem -I'l)c tTilst£li hill-e assL'siLcI Ili¥r I￿[d Rana foundarinn C.112rir2blc l-rust l)as adLTUate resoiirccq 10 sneet rlic ongi)ing Coil) nE Ihc ci)iity- (01 i J)iinunun) of 12 froii) Il)e (larc of sigsiing Elle finqnciil siirctninti. I'OT ihib rtason the finaiicial siaicnicnr5 h2i'c been pripared ()A 2 going tonc¢rn bRsis 11.liich presumcs the rcglLStstion o(2sscLs and b2bth.tics in IhL' norinal cuurie of busincss. 2.3 Incom• rlll incoin¢ is Il'cognised cince the chaiiry. h?5 L'ntidcincnr tn thc incc)5ne, Ll LS prob2blc rl)at the inc()me I.￿ bc reccii.ed and rhe 2mounr oEincome ILceLI-2blc be ineasuiid reliabli.. 'or Ic£acies. cntsilement Ib 12kcn Js tl)c c*iliLI of tl)c d2tt oi) ii.hicli ijilier.. thi cli2rirn- 15 2II'xrc tli21 probiltl be¢1) gr9lltLIl. Il)c csijic l)#5 bL'tn fiiigliseil 2rtd noiiFJc#uon h85 becii niodL. b!. rlic cxecutc)r(sl tc) Ilic-l'rusl tli21 i di>iribiiurJrt u'ill l)c tnxdc, or ii.hen a disrribiitioi) is reclii'cd frnji) Ilic Csrqie. Receipt ()E J Itgac!-. In ii'holc ni irt parr. is onl!. consideitd probqbli Ki.li¢n the ainniitit can l)c tIlL'#siiftil E¢liRhli- xnd ihc chatin- IIA5 becn nntiliid of the eXi￿LI10[,￿ JntLnri()¢i ti) ii)akL ere ILgqciL'5 1)2I'e bccn notifi¢(I t(} ihc chaiiii., or rhc cliiiji!. 1£ ?11?IL of ihe ¥ianiiiig cit ptubarc, xIiLI Illi crircrii tor iiicnme ￿Cog17l[IDrt hai-e not bccil met. tlitn ilie legac!. Iq rrL'lttd as a cc)tiUiigent assct Incoii)L' Iix rccoi-crAblt iii rcLiliUli 10 diin2tLOI)S ICCCAt'ed under Cjifi ,lid nr dccdq ol tf)i-e111nr i re(￿nIS(d ar ihc tunt of Ilic doiiarinn. Pap11 Lord Rana Foundation Charitable Trust IA Company limited by guarantee) Notes to tlie finélnciil st2temeiits For tha year ended 31 March 2021 Aecountlng pollclgs (contInU￿1 2.4 Expeodlture '.xpcrtdJrnire i) rec4rtise(l once iherL' Is a li'gal or cun5tructiie obllgation to tiangFer cconon)ic bineflt t() a rliitd pgrt5-, tt li probgble t1121 1 tianfifcr of economic bcneljis bc TeqiiitL'cI Jii seiilL'nicni tlic Jmiiiint VE rlic obligarion ciii bc nicasiticil r¢b-abli-. 1--I￿nd1￿[C is classjli¢d b}. 2Ctii-ir)-.-I'IIL' cosrs ol e2ch aciii-iii" qrc made up ofthe iutal of dircci cvsrs and shared tusrs, includi1)2 SiJPPnfl Costs Irii"oli'cd in underiaking cach 2CIII'llI-. l)ircci costs #ttributlble to x single 2Ctii-Jn' Irc Alloc2red diTccilI' t() rhar acui-iti". Sliaii.d costs ii.hich conrribute 10 mnie ilj2n onc actIi"irn' xnd suppvii costs ii-liicli art nut irribiLtable io 2 sii)gle actsi'it!- are 2PIM)riioiitd beni-een iliost 2Ctil'iULS on a b2sJs collsibtL'lii ii'iili tlic 115c of reinurces. E.ipcncliiuie on ch2rirable aciii-ities is incuritd un dirccils- undei¢aking rhe actii-lties ii.liich fiirrlict tli¢ Cliiiii} s objecui-Ls. as wi,ll as ani- assoic#ied suppoii costs_ CJOI-Lrna¢icc crJ5f> incliidt tl)ost coS1S 2SSOC121td M'rtl) meeiing rhe con5rituiional aiid stAnirory' reciLiireniciTrrs ot rl)e clillfifi. 2nd include rl)e 2iidir fces. Cosls u( leg212diice fur ¢rusiees and costs ljnkcil rn rlic strarcyc tniinagttncni OE rlLC chann-, incliidinx Iiusrtc mecrings. 11 c.Kpe¥Ldiiuic is inclu5ii-e OE trrecoi-ciable I'.l-I'. 2.5 Interest reeolvabl• Int¢rLSI i)n fiii)d> hcld un dcposit is included i%"hen recl'ii-able and rl)c atn()unt bc tnca5ured ttbabli- b!" the chlrin" tliis l% tTroimall!' ILpon notilicarion UF rhc inrercsi Pa￿ or i)Ai"ablc bi- the Ilxnk. 2.6 Cash at barbk and In hand Casl) ir b471)k and iii hand iijcludes casli af]d shnrr tcmj lii8hl!" liqutd ini-esrmtnts iiitli a sliort miturin. uf threc n)onths or leis (rotti the djie uf acquisirion or opcning of ihc drposit or fimi]Jr ircoiint. 2.7 Llabllltles and provlslons Lili biliiies xi£ rccognised ii-hen there is an obb"82tion ai the 14alAncc shci't datc as 2 rcsiilt c)f 1 1)a%t ei-eJ)I, Ir is prt)bAblc thar a ItAn£(ci UF ccon0[￿C bcnefji be rcqLiiicd m seirleincni, qiid Illi Ainniiiii uf tl)e serilesiicnt can bL ¢srimate(I rcknabli-_ l.IibihtJL's are ri'cogniiid ir Ihc gmoLLlii 1112t Ilie (.'l)ttiiry- %niicip2rcs it u-jll i)2¥. t() %ciili Ihc (lebi ui rlie anioiiiii 11 1)9s recLlI'¢d 2di'afJcL.d pai'mcnts for tlic goods or SL'tI-iccs li niust i)i()i-Jdc. l)[ni-j%ions ?re tiiexsijr￿l 2t rlii b151 esiiniaic of ilie giiioilnis fcll. IllicrL IIIL cflltt of tliL' iinic i-lliic vl n)oni'!- is ll)21L'riil. ilie proi'i%inii li bi£cd tsn rhc i)rLil'nr i-lliiL' l)f rlioie aii)(Jiinr%, (lisCI)Illltcd Ri ihL' pre-taK di%cotsnr ratc IhJr rtflL'Cts ilii. [i£Ls SPL'CIILC If) rlic bal)ibt!-. -IItL iinii'iJ)ding of IliL' (liscoiint LS ie(Ogllj>Ld it] ihc S¢arcxnenr of Iinqnr131 acrii'irics a fjnxncc cost. 2.8 Fund accountlng GenL'rRI fiLnd% 41fL ILnic%tttcit'(I flind5 11.1)ich arc ai'JdAbk. toi iise 2t tlic diqcictioi) ol tlic'l ru%tL'L'S ill tiirtliliancc of the %iJ)L'ral objcciii-es of rlic tharin. aiid ii.1iith liai-e ni)t bccIi (ItsigiixiLII fnr cjtliti Page 12 Lord Rana Foundation Charitable Trust {A company limited by guarantè¢} Notes to tlie fini< llciii I stltementq For the year ended 31 March 2021 Income Irom donatlon$ and 18gael•s Untestricted n(Is 2021 Toial fiJi)ds 2021 l)onitions 2?6,88() 226,886 Lnrcsirictcd -lotxl 2020 ?020 Doniltions other In¢omlng r•$ources Untesrricied fiiiids 2021 Ti)tAI fiiiids 2021 Intcreqi ieccii-LYI -39 39 L'iiresrTicred fund 2020 20?0 InrerL's1 ticcil'cd 16 16 Pa98 13 Lord Rana Foundation Charitable Trust IA company limited by guaranteo) Notes to tlie finl< llciI11 sté1tements For the year ended 31 March 2021 Analysls ol exp•ndlture by a￿1¥111¥5 Actii-ities iiiidetlAkeii dittctli- 2021 Siippott costs Tot81 fiijids 2021 2021 ,-Iccuuntanci- 13ank chqrgcs l)oziauviis 1.800 2) 1.800 25 64,980 l i9,-.80 64,980 159,780 Project Cljsfs TotAI 2021 2?4.-60 1,82_i 226,58S Acrii-irics undLrt2ken dtrcctli" %uppoit cn5rs 20?0 Bank charges Dun1tioiis 411,000 Projeit cosrs l ii,g80 Total 2020 20_3.98n 204,110.7 Independent examlnerfs vemuneratlon 2021 l.ccs pil'lble ro rlic Charin s inclL'p¢ndcftt cxaminer (01 thc iiidq)L'nclcnt L'l'.iJi)iniiion of ihc C.l)aiin- % aiinLLII ?CCOUlll> 1,800 Trustees. r•muneratlon and expenses l)iirii)g tlie i-ciir. no'l'riisi¢c> ICCClI-c(l ￿￿1. remiiiicraiii)11 QT CDrl)ti bvncfirs (?O?O - rn'll.). l)Iiriiig Ihc !-c1r ciidLYI.51 Nlarch ?l)?l. no-I-ru%icc expcnfcg l)ai-e bc¢ii ilicul￿d l?O?Q . £NTII.I. Pa98 14 Lord Rana Foundation Charitabla Trust IA comparby limitèd by guarantee) Notes to tlie fin2ncial stitemeiits For the year ended 31 March 2021 Credltovs: Amounts falllng due wlthln one y￿r 2021 ?020 Ilccrtials and de(crred iiiconic 1,800 statement ol funds Slalement ot funds - ¢urr8nt y•ar BJlAnce at 31 hqarLI) 2021 Balance at I April 2020 Income Expetxdiiiire Untesiricied fiiDds IiLsL Th'CS 12,3)2 226,92> (226,585) 12,692 Statemenl of funds - prfor year 14AIArice at -31 Ilarcl) 20211 l ..Ipril ?019 Intomc l.-ipenditure Utktesiricteil fiinds CJL'rteril (Lind all fLLnds (?114 nn.il 'l-licrc ￿'¢re nc) rL'siricred funds in currenr piior i)triod_ P8ge 15 Lord Rana Foundation Charitable Trust IA company limited by guarantee) Notes to tlie fin1llci1i I st1tements For the year ended 31 March 2021 10. Analytyls of not ass•ts betw••n fvnds Analysls of net a5$els b•tween fvnd¥- ¢uvrent y• Untestricied fiijids 2021 Total fiiiids 2021 Curitnt asscis 14.49? (l.AOO} 14.492 (1.800) Lriilitui% dlie Ki'iihin onc I'i'xi Total 9,(>9? 12,692 Anaty61s of n•t ag9•ts between funds- prlor year Liitestiitted IILAds 2020 fiinds Ciirrenr 2sscis 12,3)2 ToiJl 11. Post balance sheet events lljtre hai-c bL'en no significant el'ents affeciing thc cl)arit!- sincc tlie Itar cnd. 12. Controlllng party '1l)e iiltim2re contr(Illin.g p2rii" AS dcen)td ro be ihe-l tufrees. Pagè 16