| TRUST | Established by trust deed on 22August 1995and |
registered on | registered on |
|---|---|---|---|
| 27 September 1995. |
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| BANKERS | Barclays Bank pic | ||
| INVESTMENT | |||
| BANKERS | Barclays Bank (Suisse) SA | ||
| INDEPENDENT | |||
| AUDITOR | Boydell 8cCo | ||
| Statutory Auditor | |||
| Chartered Accountants |
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| 146BChiswick High Road | |||
| London | |||
| W41PU | |||
| ACCOUNTS | Report ofthe trustees | Pages | 2-5 |
| Independent auditor's report to the trustees |
Pages | 6-9 | |
| Statement offinazuM activities | Page | 10 | |
| Balance sheet | Page | 11 | |
| Statement ofcsshfiows | Page | 12 | |
| Notes to the financial statements | Pages | 13-21 |
| FORTHE YEARENDED | 5APRIL 2 | 022 | |||
|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||
| funds | 2022 | 2021 | |||
| Income and endowments | from: | ||||
| Donations and grants | (3) | 76,322 | 76,322 | 487,213 | |
| Total income | 76,322 | 76,322 | 487,213 | ||
| Expenditure on: |
|||||
| Charitable activities |
(4) | 23,600 | 23,600 | 109,506 | |
| Other (income)/expenditure | (5) | (4,659) | (4,659) | 34,651 | |
| Total expenditure | 18,941 | 18,941 | 144,157 | ||
| Net income | 57@81 | 57,381 | 343,056 | ||
| Net movements in funds |
57~1 | 57,381 | 343,056 | ||
| Recondliation offunds: |
|||||
| Total funds brought forward | 9,023499 | 9,023,599 | 8,680+43 | ||
| Total funds carried forward | f:9,080,980 | 69,080,980 | f.9,023,599 |
| N SETHIA FOUNDATION | |||
|---|---|---|---|
| BALANCE SHEETAT5APRIL | 2022 | ||
| 2021 | |||
| Fixed assets | |||
| Heritage assests | (7) | 9,545,029 | |
| Investments | (8) | 350,000 | 9,603,957 |
| 9,895,029 | 9,603,957 | ||
| Current assets | |||
| Cash atbank and on deposit | (17) | 224,979 | 506,689 |
| Creditors: amounts falling due | |||
| within one year | (9) | (39,028) | (87,047) |
| Net current (Iiabilitiesgassets | 185,951 | 419,642 | |
| Net ass~ less current liabilities | 10,080,980 | 10,023499 | |
| Creditors: amounts falling due | |||
| after one year | (1,000,000) | (1,000,000) | |
| Net assets | E9,080,980 | ||
| Funds | |||
| Restricted | (I) | ||
| Unrestricted | (I) | 9,080,980 | 9,023499 |
| 9,080,980 | E9,023,599 |
| STATEMENT OFCASHFLOWS AT5 | APRIL 2022 | APRIL 2022 | |||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating activities | |||||
| Net cash provided by operating activities |
16 | 9,362 | 187,732 | ||
| Cash flows from investing activities |
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| Payments to acquire heritage assebs | (291,072) | ||||
| Net cash used in investing activities | E 291,072 | ||||
| Change in cash and cash equivalents | in the year | (281,710) | 187,732 | ||
| Cash and cash equivalents atthe beginning |
ofthe year | 506,689 | 318,957 | ||
| Cash and cash equivalents atthe end |
ofthe year | 17 | 6224,979 | E506,689 |
| 3. | Inco resources - donations |
Inco resources - donations |
2022 | 2021 | |
|---|---|---|---|---|---|
| Donations from related entities | E76,322 | E487313 | |||
| 4. | Direct charitable enditure |
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| 2022 | 2021 | ||||
| University ofEdinburgh |
|||||
| Imperial college London | 50,000 | ||||
| The PCC Ofthe Charltons-St | Mary the virgin Church | 27,000 | |||
| Aurora Humanatarian Aid |
15,234 | ||||
| NHS Support during Covid-19 | 10,651 | ||||
| Mercy and Health | 5,621 | ||||
| Urology Cancer Research and | Education | 1,000 | |||
| 623,600 | E109,506 | ||||
| 5. | Other income enditure |
2021 | |||
| Independent auditor's report |
4,230 | 3,676 | |||
| Financial charges and interest | 91 | 55 | |||
| Printing, postage and stationery | 24 | 150 | |||
| Legal and professional | 5,948 | ||||
| Foreign exchange (gains)/losses | (14,952) | 30,770 | |||
| E(4,659) | E34,651 | ||||
| 6. | Ayers enumber ofem I ees |
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| During the year, the Foundation | had no employees | (2021:nil). |
| THEYE ~Htk |
ARENDED 5APRIL 2022 C SCls |
ONTI5KJED | ||
|---|---|---|---|---|
| Atvaluation | At cost | Total | ||
| Canying Transfer |
amount at6April 2021 from investments |
2,271,867 | 7,273,162 | 9~,029 |
| Carrying | amount at5April 2022 | 62,271g67 | K7,273,162 | E9~,029 |
| Summary analysis ofh position) |
eritage asset | transactions | (all included in t | he statement o |
ffinancial |
|---|---|---|---|---|---|
| 2022 | 2021 | 2020 | 2019 | 2018 | |
| Purchases atcost | 291,072 | 1,167,689 | 390,953 | ||
| Purchases atvaluation | |||||
| Donations atcost | |||||
| Donations at | |||||
| valuation | 2,271g67 | ||||
| At valuation | |||||
| Total additions | 291,072 | 1,167,6890 | 390,953 | 2,271+67 |
| Investment | Investment | ina | Other | |||||
|---|---|---|---|---|---|---|---|---|
| a~pi | ta om | an | tnv | atmanta | Total | |||
| Costat6April 2021 | 350,000 | 9,253,957 | 9,603,957 | |||||
| Addition ofunlisted | investment | at cost | 291,072 | 291,072 | ||||
| Transfer toheritage | assets | (-) | (9,545,029) | (9+kb,029) | ||||
| Costat5April 2022 | 6350,000 | 6350,000 |
| FOR | THEYEA | THEYEA | RENDED | 5AP | RIL 2022 CONTINUED | ||
|---|---|---|---|---|---|---|---|
| Creditors: | amounts | fallin | due | ||||
| ~thi | n | ar | 2022 | 2021 | |||
| Accruals | 2371 | 2371 | |||||
| Other | creditors | 36,657 | 24,676 | ||||
| Grant | commitments | 60,000 | |||||
| f39,028 | f37,047 | ||||||
| 10 | Creditors: | amounts | fallin | due | |||
| sR | oII8 | ~It | 2022 | 2021 | |||
| Grant | commitments | due greater than five years | 61,000,000 | f:1,000,000 |
| The charity hss no other Qnanci | al instruments | than basic financed in | sets. | sets. | |
|---|---|---|---|---|---|
| 16. | Reconciliation ofnet incom | enditure | to net cash flow from o | atin activities |
|
| 2022 | 2021 | ||||
| Net income forthe reporting period | |||||
| (asper statement ofthe financial activities) | 57,381 | 343,056 | |||
| Adjustments for: |
|||||
| (Decrease) in creditors | 48,019 | 155,324 | |||
| Net cash provided by operating activities | 9,362 | 187,732 | |||
| 17. | Anal sis ofcash and cash e uivalents |
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| 2021 | |||||
| E | |||||
| Cash atbank | 224,979 | 506,689 | |||
| Total cash equivalents | 224,979 | 506,689 |