IRIS Accounts Production v23.4.0.336 Other Company accounts True false Pounds 1.4.22 31.3.23 31.3.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103967422022-03-31103967422023-03-31103967422022-04-012023-03-31103967422021-03-31103967422021-04-012022-03-31103967422022-03-3110396742ns0:CharitableCompanyLimitedByGuarantee2022-04-012023-03-3110396742ns15:PoundSterling2022-04-012023-03-3110396742ns11:FRS1022022-04-012023-03-3110396742ns11:IndependentExaminationCharity2022-04-012023-03-3110396742ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-04-012023-03-3110396742ns11:FullAccounts2022-04-012023-03-3110396742ns11:CharitiesSORP2022-04-012023-03-3110396742ns0:Trustee22022-04-012023-03-3110396742ns0:Trustee32022-04-012023-03-3110396742ns0:Trustee42022-04-012023-03-3110396742ns0:Trustee12022-04-012023-03-3110396742ns11:RegisteredOffice2022-04-012023-03-3110396742ns0:TotalUnrestrictedFunds2022-04-012023-03-3110396742ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3110396742ns0:TotalUnrestrictedFundsns0:Activity92022-04-012023-03-3110396742ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-04-012023-03-3110396742ns0:Activity92022-04-012023-03-3110396742ns0:Activity92021-04-012022-03-3110396742ns0:TotalUnrestrictedFunds2022-03-3110396742ns0:TotalRestrictedIncomeFunds2022-03-3110396742ns0:TotalUnrestrictedFunds2023-03-3110396742ns0:TotalRestrictedIncomeFunds2023-03-3110396742ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-03-3110396742ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-03-3110396742ns10:WithinOneYear2023-03-3110396742ns10:WithinOneYear2022-03-311039674222022-04-012023-03-311039674232022-04-012023-03-311039674212022-04-012023-03-311039674212021-04-012022-03-3110396742ns0:TotalUnrestrictedFunds2021-04-012022-03-3110396742ns0:TotalRestrictedIncomeFunds2021-04-012022-03-3110396742ns0:TotalUnrestrictedFundsns0:Activity92021-04-012022-03-3110396742ns0:Activity9ns0:TotalRestrictedIncomeFunds2021-04-012022-03-31
REGISTERED COMPANY NUMBER: 10396742 (England and Wales)
REGISTERED CHARITY NUMBER: 1178298















REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

MEENAL AND RISHI SACHDEV FOUNDATION

MEENAL AND RISHI SACHDEV FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

MEENAL AND RISHI SACHDEV FOUNDATION

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2023



TRUSTEES D Fitzgerald
M Patterson (resigned 8/7/2022)
R R Sachdev
Mrs M H Sachdev


REGISTERED OFFICE Regent House
Allum Gate
Theobald Street, Elstree
Borehamwood
Hertfordshire
WD6 4RS


REGISTERED COMPANY
NUMBER
10396742 (England and Wales)


REGISTERED CHARITY
NUMBER
1178298


INDEPENDENT EXAMINER STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

MEENAL AND RISHI SACHDEV FOUNDATION (REGISTERED NUMBER: 10396742)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The promotion of human rights (as set out in the universal declaration of human rights and subsequent United Nations conventions and declarations) in such ways as the charity trustees think fit, including by:

-raising awareness of human rights issues;
-providing public education about human rights; and
-partnering with other organisations which have similar objects and providing funds for their work.

In furtherance of that objective but not otherwise, the trustees shall have power to engage in political activity provided that the trustees are satisfied that the proposed activities will further the purposes of the charity to an extent justified by the resources committed and the activity is not the dominant means by which the charity carries out its objectives.

Public benefit
The charity has achieved the public benefit objectives by raising awareness of human rights issues. This was achieved by providing public education about human rights and partnering with other organisations which have similar objects and providing funds for their work.

FINANCIAL REVIEW
Financial position
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.

The Statement of Financial Activities show net surplus for the year of £ 4,083 (2022: Net deficit of £20,369) and the total deficit at the year end stand at £46,339 (2022: Deficit of £50,422).

Principal funding sources
The principal funding sources for the Charity are currently by way of Donations and grants.

Charity's funds are being used in the short term for the running of the Charity and supporting its key objectives.

Investment policy and objectives
In the Financial Review section of this report, there is a description of the investment policies and objectives
established by the Trustees and the extent to which social, environmental or ethical considerations are taken
into account.

The Trustees' investment powers are covered by the Trustees' governing document and allow the Trustees to
invest surplus funds to generate income with which to fund future activities.

The Trustees' investment policy is to aim for safety, commensurate with immediate and planned spending requirements and given the current uncertainties in the financial markets, the Trustees consider it appropriate to be holding funds in deposit accounts where they achieve a steady return

Reserves policy
The trustees have established a policy whereby there was an increase in charitable expenditure which meant that the charity's reserves between 9 to 12 months were not met. The trustees have therefore implemented strategies to seek new donations and government grants. Separately, we have implemented measures to reduce costs to ensure these reserves are met in the future.

MEENAL AND RISHI SACHDEV FOUNDATION (REGISTERED NUMBER: 10396742)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023


FINANCIAL REVIEW
Going concern
The charities performance in the financial year ending 31 March 2023 has resulted in a surplus of £4,083 and an overall net deficit of £46,339.The trustees have therefore implemented strategies to seek new donations and government grants as the economy improves. Separately, we have implemented measures to reduce costs to ensure these reserves are met in the future.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006

The charity is constituted by a Trust Deed dated 27 Spetember 2016, and its objects are to apply funds for charitable purposes.

Organisational structure
The Trustees named on page 1 (other than those stated as having ceased to be a trustee on a particular date) have served from date of appointment to the date of this report. Appointment of Trustees is governed by the Memorandum and Articles. The Board of Trustees is authorised to appoint new Trustees to fill vacancies arising through death, resignation and removal.

Induction and training of new trustees
As part of their induction program, new Trustees are made aware of their responsibilities.

This includes an introduction to the objectives, scope and policies of the Charity, the Charity Commission information on Trustee responsibilities and a copy of the Constitution. Additional training is available to keep up with all new regulations concerning the Charity's activities.

Risk management
The Trustees identify the major risks to which the Charity is exposed to each financial year when preparing and updating a strategic plan, in particular, those areas related to the operations and finances of the Charity. The Trustees then review any major risks which have been identified and establish systems to mitigate those risks.

The Trustees have also put in place appropriate internal controls and monitoring procedures, including budgetary control and review to minimise financial risks.

Approved by order of the board of trustees on 16 April 2024 and signed on its behalf by:





Mrs M H Sachdev - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MEENAL AND RISHI SACHDEV FOUNDATION


Independent examiner's report to the trustees of Meenal and Rishi Sachdev Foundation ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Bharat Vanza BSc(Hons) FCCA FCA
The Institute of Chartered Accountants in England and Wales

STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

16 April 2024

MEENAL AND RISHI SACHDEV FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 196,113 - 196,113 114,620

Charitable activities
Charitable activities
- 53,609 53,609 10,787

Investment income 3 - - - 631
Other income - - - 4,781
Total 196,113 53,609 249,722 130,819

EXPENDITURE ON
Charitable activities 4
Charitable activities
180,695 64,944 245,639 151,188

NET INCOME/(EXPENDITURE) 15,418 (11,335 ) 4,083 (20,369 )


RECONCILIATION OF FUNDS
Total funds brought forward (65,293 ) 14,871 (50,422 ) (30,053 )

TOTAL FUNDS CARRIED FORWARD (49,875 ) 3,536 (46,339 ) (50,422 )

MEENAL AND RISHI SACHDEV FOUNDATION (REGISTERED NUMBER: 10396742)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
CURRENT ASSETS
Debtors 8 6,315 - 6,315 6,839
Cash at bank 18,834 3,536 22,370 30,443
25,149 3,536 28,685 37,282

CREDITORS
Amounts falling due within one year 9 (75,024 ) - (75,024 ) (87,704 )

NET CURRENT ASSETS/(LIABILITIES) (49,875 ) 3,536 (46,339 ) (50,422 )

TOTAL ASSETS LESS CURRENT
LIABILITIES

(49,875

)

3,536

(46,339

)

(50,422

)

NET ASSETS/(LIABILITIES) (49,875 ) 3,536 (46,339 ) (50,422 )
FUNDS 10
Unrestricted funds (49,875 ) (65,293 )
Restricted funds 3,536 14,871
TOTAL FUNDS (46,339 ) (50,422 )

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


MEENAL AND RISHI SACHDEV FOUNDATION (REGISTERED NUMBER: 10396742)

BALANCE SHEET - continued
31 MARCH 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 16 April 2024 and were signed on its behalf by:





M H Sachdev - Trustee

MEENAL AND RISHI SACHDEV FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', the and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income from donations and grants is Included when these are receivable, except as follows:

- When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income,
the income is deferred and not included in incoming resources until the preconditions for use have been met.
- When donors specify that donations and grants are for particular restricted purposes, which do not amount to
pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when
receivable.

Interest receivable
Interest receivable is recognised in Statement of Financial Activities as they accrue, using the effective interest method.

Expenditure
The policy for including items within the relevant activity categories of resources expended is that expenditure is charged to the Statement of Financial Activities on an accruals basis, inclusive of VAT which cannot be recovered and is classified as follows:

- Cost of generating funds comprise the costs associated with attracting voluntary income.
- Charitable expenditure shall include all expenditure directly related to the objects of the charity including activities
in furtherance of the charity's objectives and aims. Charitable expenditure comprises those costs incurred by the
charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature to support them.
- Governance costs shall include all expenditure directly related to the administration of the charity, expenditure
incurred in the management of the charity's assets, organisational administration and compliance with charitable and
statutory requirements.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
As a registered charity, the charity is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

MEENAL AND RISHI SACHDEV FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Trade and other debtors/ creditors
Trade and other debtors are recognised initially at transactions price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal terms, then it is measured at the present value of future payments discounted at a market rate of instrument for a similar debt instrument.

2. DONATIONS AND LEGACIES
31/3/23 31/3/22
£ £
Donations 196,113 114,620

3. INVESTMENT INCOME
31/3/23 31/3/22
£ £
Other interest receivable - 631

4. CHARITABLE ACTIVITIES COSTS
Grant
Direct funding of Support
Costs activities costs Totals
£ £ £ £
Charitable activities
152,977 500 92,162 245,639

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.



MEENAL AND RISHI SACHDEV FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. STAFF COSTS

The average monthly number of employees during the year was as follows:

31/3/23 31/3/22
Administration 4 5

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 91,460 23,160 114,620

Charitable activities
Charitable activities
10,787 - 10,787

Investment income 631 - 631
Other income 4,781 - 4,781
Total 107,659 23,160 130,819

EXPENDITURE ON
Charitable activities
Charitable activities
134,088 17,100 151,188

NET INCOME/(EXPENDITURE) (26,429 ) 6,060 (20,369 )


RECONCILIATION OF FUNDS
Total funds brought forward (38,864 ) 8,811 (30,053 )

TOTAL FUNDS CARRIED FORWARD (65,293 ) 14,871 (50,422 )


MEENAL AND RISHI SACHDEV FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£ £
Other debtors 6,315 6,315
Prepayments - 524
6,315 6,839

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£ £
Trade creditors 2,193 2,317
Social security and other taxes 66,523 76,557
Other creditors 708 230
Accrued expenses 5,600 8,600
75,024 87,704

10. MOVEMENT IN FUNDS
Net
movement
At 1/4/22 in funds At 31/3/23
£ £ £
Unrestricted funds
General fund (65,293 ) 15,418 (49,875 )

Restricted funds
Restricted 14,871 (11,335 ) 3,536

TOTAL FUNDS (50,422 ) 4,083 (46,339 )

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 196,113 (180,695 ) 15,418

Restricted funds
Restricted 53,609 (64,944 ) (11,335 )

TOTAL FUNDS 249,722 (245,639 ) 4,083


MEENAL AND RISHI SACHDEV FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1/4/21 in funds At 31/3/22
£ £ £
Unrestricted funds
General fund (38,864 ) (26,429 ) (65,293 )

Restricted funds
Restricted 8,811 6,060 14,871

TOTAL FUNDS (30,053 ) (20,369 ) (50,422 )

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 107,659 (134,088 ) (26,429 )

Restricted funds
Restricted 23,160 (17,100 ) 6,060

TOTAL FUNDS 130,819 (151,188 ) (20,369 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1/4/21 in funds At 31/3/23
£ £ £
Unrestricted funds
General fund (38,864 ) (11,011 ) (49,875 )

Restricted funds
Restricted 8,811 (5,275 ) 3,536

TOTAL FUNDS (30,053 ) (16,286 ) (46,339 )

MEENAL AND RISHI SACHDEV FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 303,772 (314,783 ) (11,011 )

Restricted funds
Restricted 76,769 (82,044 ) (5,275 )

TOTAL FUNDS 380,541 (396,827 ) (16,286 )

11. RELATED PARTY DISCLOSURES

During the year the Charity received donations of £181,721 (2022: £83,000) from Shiva Hotels Group LLP, £ NIL (2022: £8,261) from Shiva Hotels Waterloo Ltd, £ 11,394 (2022: £NIL) from Shiva Hotels Vandon House & £3,000 (2022: £NIL) from Lincoln Plaza Hotel Co Ltd entities in which Mr R R Sachdev who is a trustee of the Charity, has beneficial interests.