FRIENDS OF SANGAM FOUNDATION

Statement of Financial Activities for the year ending 31st December, 2004.

Page 1 of 2

Notes

General

Total

1. Income and Expenditure

funds

2003 (Note 1)

Incoming resources

Donations

Note 3

£7,511.61

£2,923.70

Gift Aid received from Inland Revenue

778.46

Less G.A. Anticipated

405.42

£373.04

Bank interest

£1.43

£0.22

Gift Aid Refund anticipated

Note5

£707.00

£405.42

Total incoming resources

£8,593.08

£3,329.34

Resources Used

Direct charitable expenditure

Grants

Note 4

£5,896.86

£1,541.75

Other expenditure

Note 5

Office expenses

13.73

Companies House

30

Bank charges (Note 4)

150

Total 'Other expenditure'

£193.73

£80.25

Total resources used

£6,090.59

£1,622.00

Net incoming resources

£2,502.49

£1,707.34

Other gains and losses for the year

£0.00

£0.00

Net movement in funds

Balance from previous year

£1,707.34

£0.00

Balance carried forward to next year

£4,209.83

£1,707.34

2. Balance Sheet at 31st December, 2004.

2004

2003

Notes

£

£

Fixed Assets

£0.00

£0.00

Current Assets

Debtors

Note 5

£707.00

£905.42

Cash at bank

£3,502.83

£801.92

Total current assets

£4,209.83

£1,707.34

Creditors

Amounts falling due within one year

£0.00

£0.00

Net current assets

£4,209.83

£1,707.34

Total assets less current liabilities

£4,209.83

£1,707.34

Creditors

Amount falling due after one year

£0.00

£0.00

NET ASSETS

£4,209.83

£1,707.34

FUNDS

Unrestricted funds

£4,209.83

£1,707.34

Restricted funds

£0.00

£0.00

TOTAL

£4,209.83

£1,707.34

The notes on page 2 form part of these accounts.

For the year ending December 31st 2004 the company was entitled to exemption under section 249A(1) of

the Companies Act 1985. No members have required the company to obtain an audit of its accounts

for the year in question in accordance with section 249B(2). The Directors acknowledge their responsibility for:

i) Ensuring the company keeps accounting records which comply with section 221; and ii) Preparing accounts which

give a fair view of the state of the company and of its profit and loss for the financial year in accordance with

section 226, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far

as applicable to the company.

Approved by the Board of Trustees on

and signed on its behalf by

Treasurer and Trustee.

Page 2 of 2.

3. Notes to annual accounts, 2004.

Note 1. 2003 was the first financial year of the organization.

Note 2. There are no restricted funds

Note 3. Donations

Eligible

(£)

for gift aid

Other

Total

£

£

£

Regular monthly donations

£1,059.00

£459.00

£1,518.00

Regular Quarterly donations

£650.00

£220.00

£870.00

ad hoc donations

£798.00

£4,325.61

£5,123.61

Totals

£2,507.00

£5,004.61

£7,511.61

The amount shown as eligible for gift aid is that due on 31/12 in respect of tax year 2004-5, thus it

does not include any amount in respect of January to March, 2004. See also Note 6.

Note 4. Grants

Grant payments

£5896.86 (equivalent to 481,032 Rupees)

We specified that we should pay all charges but Sangam Foundation's bank charged an additional 1078 rupees,

hence SF received 479954 net.

Our bank charges (all relating to transmission of funds to S.F.) were £150.00

Note 5. Debtors.

Inland Revenue. We anticipate receiving £707, being 22/78 of £2507 (see note 3 above) under the Gift

Aid scheme from the Inland Revenue as refund of tax paid on donations by donors who have provided us

with a Gift Aid Declaration.

Friends of Sangam Foundation is a company limited by guarantee

registered in England and Wales, number4627919,

registered office The Friends Meeting House, Hill Street, Coventry, CV1 4AN.

Friends of Sangam Foundation is Registered by the Charity Commission, number 1098382

Website www.sangamschool.org.uk Email: admin@sangamschool.org.uk