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|TRUST|Established
by trust deed on 22August 1995and|registered on|registered on|
|---|---|---|---|
||27 September
1995.|||
|BANKERS|Barclays Bank pic|||
|INVESTMENT||||
|BANKERS|Barclays Bank (Suisse) SA|||
|INDEPENDENT||||
|AUDITOR|Boydell 8cCo|||
||Statutory Auditor|||
||Chartered
Accountants|||
||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|
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|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||||||
|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|
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|3.|Inco
resources - donations|Inco
resources - donations||2022|2021|
|---|---|---|---|---|---|
||Donations from related entities|||E76,322|E487313|
|4.|Direct charitable
enditure|||||
|||||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|||||
||During the year, the Foundation||had no employees|(2021:nil).||
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|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|
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|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|
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||||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|
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|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|
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||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|||||
||||||2021|
||||||E|
||Cash atbank|||224,979|506,689|
||Total cash equivalents|||224,979|506,689|