Charity registration number 1088950
THE BAYLIGHT FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

THE BAYLIGHT FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustè•s
CNBKelly
N Khattar
Charity number
1088950
Prlnclpal address
71 Queensway
London
W2 4QH
Ind¢pondont oxaminer
Gravita AH Limilgd
30 City Road
London
EC1Y2AB

THE BAYLIGHT FOUNDATION
CONTENTS
Paga
Trustees report
Independent examinerfs report
Slalement of financial activities
Statement of financial position
Notes to the financial statements
5-11

THE BAYLIGHT FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report and financial slalements for the year ended 31 March 2022.
The financial slalemenls have been prepared in accordance with the accounting policies set out in note 1 to the
financial stslernenls and comply with the Charills governing document, the Ch8rrties Act 2011 and "Accounting
and Reporting by Charities.. Sl8temenl c)f Recommended Pr8¢li¢e 8ppli¢¥ble lo charities preparing their accounts
in ac¢ordan¢e with the Financial Reporting Stsndard applicablg in the UK and Republi¢ of Irgland IFRS 1021
(effective 1 January 20191"
ObJ•ctlv•s and actlvltl•s
The Charity's object of the Foundation is to provide funds for the benefit of research relating to education,
procurement, aeslhelics and environmental issues.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.
Financial review
As al 31 March 2022, the charity has nel assets of £143,265.
11 is the policy of the Charity that unreslricled funds which have not been designated for a specrfic use should be
maintained al a level equivalent to between three and six month's expenditure. The Trustees consider that
reserves 81 this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
Charity's ¢urrent activities while consideration is given to ways in which additional fLJnds may be raised. This level
of reseNes has been maintained throughout the year.
Thè Trustees have assessed thè major risks to whi¢h th$ Charity is exposed, and are satisfied that systems are
in place to mitigate exposure to the major risks.
Stru¢ture, go¥ernan¢e and management
The charity is govemed by a declaration of trust. The charity number is 1088950.
The Charity is adminislraled by the Iruslees throughout the year who have confirmed that they will remain in the
office for the ensuing year.
The Trustees who served during the year and up lo the dale of signature of the financial statements were..
CNBKelly
N Khattar
Trustees are appointed by a resolution of the trustees passed at a special meeting.
The Trustees report was approved by the Board of Trustees.
CNBKelly
Trustee
Dated..
..Jan 2.fj.lQ23

THE BAYLIGHT FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BAYLIGHT FOUNDATION
report lo the charity Iruslees on my examination of the financial slalements of The Baylighl Foundation (the
Charity) for the year ended 31 March 2022 whi¢h 8re sel out on pages 3 10 11.
Re5ponsibilitie5 and basis of report
As the charitls trustees you are responsible for the preparation of the financial statements in accordance with the
requirements of the Charities Act 2011 1.the Act'l.
I report in respect of my examination of yOLJr charity's financial statements carried OLJt under section 145 of the Act
and in carrying out my examination I have followed the applicable Directions given by the Charity Commission
under section 14515llbl of the Act.
Ind8p•ndent examlnarfs statement
I have completed my examination. I confirm that no matters have come lo rlly attention in connection with the
examination giving me cause lo believe that in any m8leri81 ￿spect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or
the financial statements do not accord with those records., or
th& finan¢ial statéménts do not ¢omply with the applicablè rèquiréments ¢oncéming th¢ form and contènt of
accounts set out in the Charities IAccoLJnts and Reports) Regulation$ 2008 other than any requirement that the
accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Gravits AH Limited
Chartered accountants
Filiz Zekia FCCA
30 City Road
London
EC1Y2AB
Dated..
26 January 2023

THE BAYLIGHT FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
Unrestrl¢ted Unrestrl¢ted
funds
funds
2022
2021
Notès
Donations and l8ga¢ies
Charitable activities
Other income
173,000
31,191
990
370,000
16,932
Total income
205,181
386,932
Charitable activities
295,216
284,045
Net lexpendlturellln¢ome for the yearl
Net movement in funds
190,0351
102,887
Fund balances at 1 April 2f)21
233,300
130,413
Fund balan¢¢$ at 31 March 2022
143,265
233,300
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

THE BAYLIGHT FOUNDATION
STATEMENT OF FINANCIAL POSITION
ASAT31 MARCH 2022
2022
2021
Notès
Fixad assats
Tangible assets
897
1,794
Cu￿ant assats
Stocks
Deblors
Cash at bank and in hand
35,488
50,925
77,999
47,318
78,379
111,568
10
164,412
237,265
Creditor5'. amounts falling due within
one year
11
122,0441
15,7591
Net current assets
142,368
231,506
Total assets less current liabilities
143,265
233,300
Income funds
Unrestricted funds
143,265
233,300
143,265
233,300
The financial statements were approved by the Trustees on
CNBKelly
Trustee

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting policies
Charity information
The Baylight Foundabon is a ragistèred charity 8stablish8d undar a D88d of Trust datad 2 July 2001.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's Igoverning documentl, the
Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102,1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement ol
Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The
Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Stat8nent of
Cash Flows.
The financial ststements are prepared in sterling, which is the functional currency of the Charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical ￿$t ¢onvenb'on. The principal accounting poli¢ies
adopted are set out below.
1.2 Golng cone8rn
At the time of approving the financial ststements, the Trustees have a reasonable expectation that the Charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees
continue lo adopt the going concem basis of accounting in preparing the financial slalemenls.
1.3 Charltable funds
Unrestricted funds a￿ available for use al the discretion of the Trustees in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Restricted funds are subject to spgcific Conditions by donors as to how they may be used. The purwsgs and
uses of the restricted funds are set out in the notès to the financial statements.
1.4 Incoming resources
Cash donations are recognised on receipt. Other donations are recognised once the Charity h8s been notified
of the donation. Income tsx recoverable in relab'on lo donations re￿iVed under Gift or deeds of Covenant
is recognised at the time of the donation.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount
of the leased asset and recognised on a slraighl line basis over the lease term.
Tumover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and SeNi￿S provided in the normal course of business, net of discounts, VAT and other
sales related taxes.

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accountlng pollclès
{Contlnuodl
1.5 Tanglble flxed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures, fittings & equipment
20 /0 slraighl line
The gain or loss arising on the disposal of an asset is determined as the difference betwsen the sale
pro¢eeds and the ¢arrying value of the asset, and is re¢ognised in the stslemenl of financial a¢tivities.
The assets, residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each
reporting period. The effect of any change is accounted for prospectively.
1.6 Impairment of fixed assets
At each reporbng end date, the Charity reviews the carrying amounis of its tangible assets to determine
whether there is any indication that those assets have suffered an impaimient loss. If any such ind￿tIOn
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.7 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Slock
relates to purchase of books, art work, photos etc held for sale and are recorded at cost less impairment..
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand.
1.9 Financial instruments
The Charity has elected lo apply the provisions of Section 11 'Basi¢ Financial Instruments, of FRS 102 10 all of
its financial instruments.
Financial instruments are recognised in the Charitys balan￿ sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial slalements, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a
nel basis or lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic finanaal assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaclion costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured al the present value of the future receipts discounted at a market rate of interest. Financial assets
classtfied as receivable within one year are not amortised.

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accountlng pollclès
{Contlnuodl
Impalrment of flnanclal assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for
indicators of impairment at each reporting dale. Financial assets are irllpaired where there is objective
evidence that, as a result of one or more events that occurred after the initial recognition of the financial a￿et,
th& estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present
value of the estimated cash flows discounted al the asset's original effective interest rate. The impairmenl loss
is recognised in net incomellexpenditurel for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the irnpairmenl not previously been recognised. The
impairment roversal is re¢ognised in n&t in¢om&llexpendilurel for tho ygar.
Derecognition of financial assets
Financial assets are derecognised only when the Contractual rights to the cash flows from the asset expire or
are setued, or when the Charity transfers the financial asset and substantially all the risks and rewards of
ownership lo another entity, or if some significant risks and rewards of ownership are retained but control of
the asset has transferred lo another party that is able to sell the asset in ils entirety lo an unrelated third party.
Basic financial liabilities
Basic financial liabilities, including Credttors and trade loan balances from connected antilles are initially
re¢ognisèd at transaction prica unlèss thè arrangémènt ¢onstitutès a financing transaction, whèrè thè débt
instrument is measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are nol amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-¢urr8nl liabilili8s. Trade Creditors are rtr¢ognised initially al
transartion price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
Donations and legacies
Unrèstrlctsd Unrestricted
funds
funds
2022
2021
Donations and gifts
173,000
370,000

OTr
Ot
Iii
151
(n Ln t
Ln 0> ¢D
li,
X 4•
11
£Q
U) L)

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Other income
Unrestricted
funds
Total
2022
2021
Other income
990
Other income relates to insurance claim for lost revenue.
Charitable activities
Charitable Charitable
Expenditure Expenditure
2022
2021
Security Costs
Rent payable
Media expenses
Cleaning costs
Marketing and exhibition costs
Motor, trav81 and 8nt8rtaining
Printing, postage and stationery
Depreciation
maintenan￿ expenses
Sundry expenses
Light & Heal
Rates
Cost of goods sold
Bad Debts
Bank charges
Stock write off
Bank interest
219,065
2,176
2,835
47,000
258,194
1,079
425
29
897
2,685
86
7,508
11,001
31
1,996
98
897
2,533
58
1,001
5,578
1,750
427
11,830
15
295,216
284,045
295,216
284,045
Accountancy fees were paid by Baylighl Properties Limtted.
Trustees
None of the Trustees lor any persons connected with them) received any remuneration or benefits frcm the
Charity during the year.

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Employees
There were no employees during the year.
Tangible fixed assets
Fixtures, fittings & equipment
Cost
At 1 April 2021
4,485
At 31 March 2022
4,485
Depreciation and impaimient
At 1 April 2021
Depreciation charged in the year
2,691
897
At 31 March 2022
3,588
Carrylng amount
Al 31 March 2022
897
At 31 March 2021
1,794
stocks
2022
2021
Stock
35,488
47,318
stock is slated after provisions for impairment of £11,83012021'. £nill.
10 Debtors
2022
2021
Amounts falling due within one year..
Trade debtors
Other debtors
Prepayments and accrued income
2,139
675
75,565
360
50,565
50,925
78,379
Trade debtors disclosed above are classified as loans and receivables and are therefore measured at
amortised cost.
Trade debtors are staled after provisions for impairment of £3,74612021.. £1,996)
10-

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
11 Creditors.. arnounts falling due within one year
2022
2021
Trade creditors
Other creditors
Accruals and deferred income
19,987
1,000
1,057
5,759
22,044
5,759
12 Operating lease commitments
At the reporting end dale the Charty had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2022
2021
Within one year
Be￿een two and five years
219,065
69,020
219.065
288,085
288,085
507,150
13 Related party transa¢tion$
Transactions with related parties
During the year the Charity entered into the following transactions with related parties..
Sale of goods
2022
Donations payable
2022
2021
2021
Olher related parties
47,000
Donations receivable
2022
2021
Rent payable
2022
2021
Other related parties
173,ODO
245,000
219,065
258,194
173,000
245,000
219,065
258,194
Donations payable include £47,000 12021.. £nill made to charities where a trustee of this charity is also a
trustee of the receiving charity.

Full Accounts (002) TBF 2022
Final Audit Report
2023-01-26
Created."
2023-01-25
By..
Ewa Handerek-marek lewa@baylight.co.ukl
Stslus.
Signed
Transaction ID..
CBJCHBCAABAAa1Gry)IB79DBdSpkV6F65rTEAW15yvjzy
"Full Accounts (002) TBF 2022" History
Document created by Ewa Handerek.Marek lewa@baylighl.co.ukl
2023-01-25- 5..23..34 PM GMT- IP address.. 95 141.23 130
. Document emailed lo crispin@baylight.co.uk for signature
2023-01-25- 5".24".41 PM GMT
Email viewed by ¢rispin@baylight.¢o.uk
2023-01.2fj. 9.'42.'07 AM GMT- IP address.. 87.252.38.106
Signer crispin@baylight.co.uk entered name al signing as ck
2023-01-26- 9."42..36 AM GMT- IP address". 87 252.38 106
Document e-signed by ck 1crispin@baylighl.co.ukl
Signature Dale.. 202&01-26- 9'.42.'38 AM GMT- TIM8 Sourca.. $erv8r- IP addr8s8". 87.252.38.106
Agreement completed.
2023-01-26- 9..42..38 AM GMT
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