| TRUST | Established by |
trust deed on 22 August 1995and registered on |
|---|---|---|
| 27 September | 1995. | |
| Barclays Bank | pic | |
| BAKERS | Barciays Bank | (Suisse) SA |
| INDEPENDENT | ||
| AUDITOR | Boydell 8r.Co | |
| 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 of | BnancM activities | Page | 10 | |
| Balance sheet | Page | 11 | ||
| Statement of | cashflows | Page | 12 | |
| Notes tothe financial statements | Pages | 13-21 |
| Unrestrxcted | Total | Total | |||
|---|---|---|---|---|---|
| funds | 2023 | 2022 | |||
| I | |||||
| Income and endowments | from: | ||||
| Donations and grants | (3) | 176@30 | 176+30 | 76/22 | |
| Total income | 176~ | 176,330 | 76322 | ||
| %~at+ O All e |
|||||
| Charitable activities |
(4) | 66,933 | 66,933 | 23,600 | |
| Other income | (5) | (34479) | (34479) | (4,659) | |
| 32,354 | 32~ | 18,941 | |||
| 143,976 | 143,976 | 57/81 | |||
| Net movements in funds |
143,976 | 143,976 | 57~1 | ||
| Reconciliation offunds: | |||||
| Total funds brought forward | 9,080,980 | 9,080,980 | 9,023,599 | ||
| Total funds carried forward | E9~4,956 | f:9~4,956 | 69,080,980 |
| BALANCE SHEETAT5APRIL | 2023 | |||
|---|---|---|---|---|
| 2022 | ||||
| Fixed assets | ||||
| Heritage assests Investments |
(7) (8) |
9,795,105 350,000 |
9~,029 350,000 |
|
| 10,145,105 | 9/95,029 | |||
| Current assets | ||||
| Cash atbank and on deposit | 98,158 | 224,979 | ||
| Debtors | (9) | 176~0 | ||
| 274,488 | 224,979 | |||
| Creditors: amounts falling due | ||||
| within one year | (10) | (194,637) | (39,0Ã) | |
| Net current (Iiabilitiesgassets | 79,851 | 185,951 | ||
| Net assets less current IiabiTities | 10~4,956 | 10,080,980 | ||
| Creditors: amounts falling due | ||||
| after one year | (1,000,000) | (1,000,000) | ||
| Net assets | f:9/24,956 | f9,080,980 | ||
| Funds | ||||
| Restricted | (I) | |||
| Unrestricted | (I) | 9W4,956 | 9,080,980 | |
| Total funds | 6 | 9,080,980 |
| 3. | Incomin resources - donations |
2022 | |||
|---|---|---|---|---|---|
| Donations from Newby TeesUK Limited | 176~0 | ||||
| Donations from Sethia London | Limited | 76,322 | |||
| E176330 | f:76,322 | ||||
| 4. | Direct charitable enditure |
||||
| 2022 | |||||
| University ofEdinburgh |
|||||
| Friends OfThe National Libraries | 39,766 | ||||
| Help tol3zainian Family | 11,908 | ||||
| St.Mary the Virgin Church | 10,000 | ||||
| Asian Media Group | 5,000 | ||||
| Grants less f'5,000 | 259 | ||||
| I | 666,933 | 623,600 | |||
| 5. | Other income enditure |
||||
| Independent auditor's report |
7,099 | ~0 | |||
| Financial charges and interest | 69 | ||||
| Printing, postage and stannary | 78 | 24 | |||
| Legal and professional Foreignex~ (gains)/losses |
(41824) | 5,948 (14,952) |
|||
| f.'(34,578) | E(4,659) | ||||
| 6. | Aver number ofem I ees |
||||
| During the year, the Foundation | had no employees | (2022:nil). |
| 7. | ~Hedt | aeeafs | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| At | valuation | Atcost | Total | |||||||
| Carrying | amount | at | 6 | April | 2022 | &71&7 | 7473,162 | 9,545,029 | ||
| Additions | 250,076 | 250,076 | ||||||||
| Carrying | amount | at | 5 | April | 2023 | E | $271/67 | E7423~ | E9,795,105 |
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Purchases atcost | 250,076 | 291,072 | 1,167,689 | 390,953 | |
| Rnchases at valuation | |||||
| Donations atcost | |||||
| Donations at | |||||
| valuation | |||||
| Atvaluation | |||||
| Total additions | 250,076 | 291,072 | 1,167,6890 | 390,953 |
| Investment | |||
|---|---|---|---|
| in a | |||
| private | |||
| company | |||
| Costat6April 2022 | 350,000 | ||
| Addition ofunlisted | investment | atcost | |
| Costat5April 2023 | 350,000 |
| 2023 | 2022 |
|---|---|
| Q.76@30 |
| 14. | Offbalance sheet arran ents |
|||||
|---|---|---|---|---|---|---|
| There are no material oif-balance sheet arrangements | to disclose. | |||||
| 15. | Events since the balance sheet date | |||||
| There are no evenis on which toreport. | ||||||
| 16. | Financial instruments The charity has no other~instruments |
than | basic financial | instrixments. | ||
| 17. | Reconciliation ofnet income to net cash flow | from | o cretin | activities | ||
| 2023 | 2022 | |||||
| Net income for the reporting period (asper statement ofthe financial activities) |
143,976 | 57~1 | ||||
| Adjustments for: (increase)/decrease in debtors |
(176~) | |||||
| Increase/(decrease) in creditors Net cash provided by operatmg activities |
155,609 123,255 |
48,019 9~2 |