SARLA FOUNDATION Charity Accounts

COMPANY REGISTRATION NUMBER: 08791832

CHARITY REGISTRATION NUMBER: 999999

SARLA FOUNDATION

Company Limited by Guarantee

Unaudited Financial Statements

31 December 2024

SARLA FOUNDATION

Company Limited by Guarantee

Financial Statements

Period from 1 December 2024 to 31 December 2024

	Page

Trustee's annual report (incorporating the director's report)	1

Statement of financial activities (including income and expenditure account)	3

Statement of financial position	4

Notes to the financial statements	5

SARLA FOUNDATION

Company Limited by Guarantee

Trustee's Annual Report (Incorporating the Director's Report)

Period from 1 December 2024 to 31 December 2024

The trustee, who is also the director for the purposes of company law, presents his report and the unaudited financial statements of the charity for the period ended 31 December 2024 .

Reference and administrative details

Registered charity name	SARLA FOUNDATION

Charity registration number	999999

Company registration number	08791832

Principal office and registered	28 Knighton Road
office	Leicester
	LE2 3HH

The trustee

	Mr Verma

The trustee is satisfied with the financial results of the charity for the period. Reference and administrative details

Charity name: Sarla Foundation

Registered charity number: 999999

Principal address: 28 Knighton Road, Leicester,

LE2 3HH

Trustee: Mr. Ashok Kumar Verma

Accountants	XL Associates Ltd
	Chartered Certified Accountants
	Hazara House
	502 - 504 Dudley Road
	Wolverhampton
	West Midlands
	WV2 3AA

Structure, governance and management

The trustees who held office during the period and subsequently were as follows:" Mr. Ashok Kumar Verma (Chair) - Appointed 27 November 2013

Objectives and activities

For the purpose of empowering girls, boys and local communities by promoting innovative educational programs that enhance their lives and help them become productive citizens.

Achievements and performance

The trustee is satisfied with the financial results of the charity for the period.

Financial review

The financial results are as shown in the accounts.

The reserves show a total of £32,707 loss on 31 December 2024 (2024: £31,502 loss). The trustee is of the opinion that to maintain reserves at this level appears to be a prudent course of action.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustee's annual report was approved on 29 October 2026 and signed on behalf of the board of trustees by:

Mr Verma
Trustee

SARLA FOUNDATION

Company Limited by Guarantee

Statement of Financial Activities

(including income and expenditure account)

Period from 1 December 2024 to 31 December 2024

	Period from 1 Dec 24 to 31 Dec 24		Year to 30 Nov 24
	Unrestricted funds	Total funds	Total funds
Note	£	£	£

Income and endowments

Donations and legacies	5	15,100	15,100	15,525
		--------	--------	--------
Total income		15,100	15,100	15,525
		--------	--------	--------

Expenditure

Expenditure on raising funds:

	Costs of raising donations and legacies	6	25	25	3,564
Expenditure on charitable activities		7,8	16,280	16,280	23,455
			--------	--------	--------
Total expenditure			16,305	16,305	27,019
			--------	--------	--------

	--------	--------	--------
Net expenditure and net movement in funds	( 1,205)	( 1,205)	( 11,494)
	--------	--------	--------

Reconciliation of funds

Total funds brought forward	( 31,502)	( 31,502)	( 20,008)
	--------	--------	--------
Total funds carried forward	( 32,707)	( 32,707)	( 31,502)
	--------	--------	--------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

SARLA FOUNDATION

Company Limited by Guarantee

Statement of Financial Position

31 December 2024

	31 Dec 24		30 Nov 24
Note	£	£	£

Current assets

Cash at bank and in hand	450		875

Creditors: amounts falling due within one year	10	30,760		29,980
		--------		--------
Net current liabilities			30,310	29,105
			--------	--------
Total assets less current liabilities			( 30,310)	( 29,105)

Creditors: amounts falling due after more than one year	11	2,397	2,397
		--------	--------
Net liabilities		( 32,707)	( 31,502)
		--------	--------

Funds of the charity

Unrestricted funds		( 32,707)	( 31,502)
		--------	--------
Total charity funds	12	( 32,707)	( 31,502)
		--------	--------

For the period ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

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

These financial statements were approved by the board of trustees and authorised for issue on 29 October 2026 , and are signed on behalf of the board by:

Mr Verma
Trustee

SARLA FOUNDATION

Company Limited by Guarantee

Notes to the Financial Statements

Period from 1 December 2024 to 31 December 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 28 Knighton Road, Leicester, LE2 3HH.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Advantage has been taken of the following disclosure exemptions available under FRS 102: (a) No cash flow statement has been presented for the company.(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements,estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustee for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

4. Limited by guarantee

The company is limited by Guarantee without any share capital.

5. Donations and legacies

Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2024
£	£	£	£

Donations

Donations	15,100	15,100	15,525	15,525
	--------	--------	--------	--------

6. Costs of raising donations and legacies

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Costs of raising donations and legacies - Donations	25	25	1,524	1,524
Costs of raising donations and legacies - Subscriptions	–	–	2,040	2,040
	----	----	-------	-------
	25	25	3,564	3,564
	----	----	-------	-------

7. Expenditure on charitable activities by fund type

	Unrestricted Funds	Total Funds 2024	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Activity type 1	15,500	15,500	22,675	22,675
Support costs	780	780	780	780
	--------	--------	--------	--------
	16,280	16,280	23,455	23,455
	--------	--------	--------	--------

8. Expenditure on charitable activities by activity type

	Activities undertaken directly	Support costs	Total funds 2024	Total fund 2024
	£	£	£	£
Activity type 1	15,500	–	15,500	22,675
Governance costs	–	780	780	780
	--------	----	--------	--------
	15,500	780	16,280	23,455
	--------	----	--------	--------

9. Staff costs

The average head count of employees during the period was Nil (2024: Nil).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

10. Creditors: amounts falling due within one year

	31 Dec 24	30 Nov 24
	£	£
Accruals and deferred income	30,760	29,980
	--------	--------

11. Creditors: amounts falling due after more than one year

	31 Dec 24	30 Nov 24
	£	£
Director loan accounts	2,397	2,397
	-------	-------

12. Analysis of charitable funds

Unrestricted funds

	At 1 December 2024	Income	Expenditure	At 31 December 2024
	£	£	£	£
General funds	(31,502)	15,100	(16,305)	(32,707)
	--------	--------	--------	--------

	At 1 December 2023	Income	Expenditure	At 30 November 2024
	£	£	£	£
General funds	(20,008)	15,525	(27,019)	(31,502)
	--------	--------	--------	--------

13. Analysis of net assets between funds

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	449	449
Creditors less than 1 year	(33,156)	(33,156)
	--------	--------
Net liabilities	(32,707)	(32,707)
	--------	--------

	Unrestricted Funds	Total Funds 2024
	£	£
Current assets	875	875
Creditors less than 1 year	(32,377)	(32,377)
	--------	--------
Net liabilities	(31,502)	(31,502)
	--------	--------

14. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	31 Dec 24	30 Nov 24
	£	£

Financial assets measured at fair value through income and expenditure

Financial assets measured at fair value through income and expenditure	26,639	26,639
	--------	--------

15. Related parties

During the period the charity entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	31 Dec 24	30 Nov 24	31 Dec 24	30 Nov 24
	£	£	£	£
LITTLE LIONS COMMUNICATIONS LTD	–	3,500	–	–
	----	-------	----	----

During 2024, the company made a purchase of service from the related business where total cost of the service was nil (2024: £3,500) Mr A Verma was the director of the Little Lions Communication Ltd during the period up to 31/12/2024 Total cost of the service was nil (2024: £3,500)