Charlty reglstratlon number 1088950
THE BAYLIGHT FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

THE BAYLIGHT FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
CN8Kelly
N Khattar
Charity number
1088950
Principal address
3 Stukeley Street
London
WC2B 5LB
Independent examiner
Gr8vila11 LLP
30 City Road
London
EC1Y 2AB

THE BAYLIGHT FOUNDATION
CONTENTS
Pago
Ttuslees report
Independent exarninerfs report
Statement of financi81 activities
Statement of financial position
Notes to the financial slatemenls
5-11

THE BAYLIGHT FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustetrs present their annual report and financial statements for the year ended 31 March 2023.
The financial statements have been prepared in accordance wth the accounting policies sel out in note 1 to the
financial statements and comply with the Charity's goveming document, the Charities Act 2011 and "Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffective 1 January 20191"
Objectives and activities
The Charity's obje¢t of the Foundation is lo provide funds for the benefit of research relating to education,
procurement, aeslhelics and environmental issues.
The Trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
Charity should undertake.
Financial r8Vi8W
As at 31 March 2023, the charity has nel assets of £734.
It is the policy of the Charity that unrestricted funds which have not been designated for a specrfic use should be
maintained at a level equivalent to be￿een three and six month's expenditure. The Trustees consider that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
Charity s current activities while consideration is given to ways in which additional funds may be raised. This level
of reserves has been maintained throughout the year.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are
in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is governed by a declaration of trLJSt. The charity number is 1088950.
The Charity is administrated by the trustees 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 slalemenls 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 15, 2024

THE BAYLIGHT FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE BAYLIGHT FOUNDATION
report to the charity trustees on my examin81ion of the financi81 $18l&ments of Th& 88ylighl Foundation Ilhe
Charilyl for the year ended 31 March 2023 which are set out on pages 3 10 11.
Responsibilities and basis of report
As the Charity's trustees you are responsible for the prep8r8tion of the financial ststements in 8ccord8n¢e with the
requirements of the Charities Act 2011 I'lhe A¢l'l.
I report in respect of my examination of your charills financial slalemenls carried out 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.
Independent examinerfs statement
I have completed my examination. I confirrn that no matters have come lo my attention in connection with the
examination giving me cause lo believe th81 in any material respect..
accounting records were not kept in respect of the Charity as reqijired by section 130 of the 2011 Act.. or
the financial statements do not accord with those records., or
the financial stslemenls do not cornply with the applicable requirements concerning the form and conlenl of
accounts sel out in the Charities (Accounts Reportsl Regulations 2008 other than any requirement that the
a¢¢ounts 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 lo which attention
should be drawn in this report in order to enable a proper understsnding of the financial statements to be reached.
Gravita11 LLP
Chartered accountants
Filiz Zekia FCCA
30 City Road
London
EC1Y2AB
Dated..
1610112024

THE BAYLIGHT FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unre$tri¢ted Unrestri¢ted
funds
funds
2023
2022
Notes
wm
DonatlDns and legacies
Charitable aclivilie5
Other income
160,000
38,513
2,934
173,000
31,191
990
Total income
201,447
205,181
Charitable aclivilie5
343,978
295,216
Net expenditure for the yearl
Net movement in funds
1142,5311
190,0351
Fund balances at 1 April 2022
143,265
233,300
Fund balancas at 31 March 2023
734
143,265
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 2023
2023
2022
Notas
Fixed assets
Tangible assets
897
Current assets
Stocks
Debtors
Cash al bank and in hand
35,488
50,925
77,999
10
53,940
8,050
1,990
164,412
C￿d[torS= amounts falling due within
one year
11
161,2561
122,0441
Nel current assets
734
142,368
Totsl assets le$$ Current Ilabllltl¢$
734
143,265
Income funds
Unrestricted funds
734
143,265
734
143,265
The financial slalements were approvod by the Trusleos on .
15101/2024
CNBKelly
Trustee

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
A¢￿UntIng policies
Charity information
The B8ylight Found8bon is 8 registered charity established under 8 Deed of Trust dated 2 July 2001.
1.1 Accounting convention
The finan¢i81 $181emenls have been prepared in accordance with the Charity's Igoveming documenll, the
Charities A¢1 2011, FRS 102 "The Finan¢i81 Reporting Stsndard appli¢able in the UK and Republic of
Ireland. I'FRS 102,1 and the Charities SORP 'A¢¢ounling and Reporting by Charities.. Ststemenl of
R8comménd8d Practicè applicabl8 to charitias prèparing thèir accounts in accordancé with thè Financigl
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffe¢tive 1 JanLJary 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 Statunent of
Cash Flows.
The financial statements are prepared in sterling, which is the ftJn¢tional ¢urren¢y of the Charity. Monetsry
amounts in these financial ststements ar8 rounded to tha nearèst £.
The accounts have been prepared under the historical cost convention. The principal accounting policies
adopted are sel out below.
1.2 Going concern
Al the lime of approving the financial slalements, the Tru51ees have a reasonable expectslion that the Charity
ha5 adequate resources lo continue in operational existence for the foreseeable future. Thus the Trustees
ontinue lo adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at 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 specific conditions by donors as to how they may be used. The purtx)ses and
uses of the restricted funds are set out in the notes ID the financial slalements.
1.4 Incoming resources
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified
of the donation. Income tax recoverable in relation to donations re￿iVed under Gift Aid 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 temi of the relevant lease.
Initial direct costs incurred in negotiating and arranging an operating lease are added to the carying amount
of the leased asset and recognised on a straight line basis over the lease term.
Turnover is measured al the fair value of the consideration received or re￿1vable and represents amounts
receivable for goods and services provided in the normal course of business, nel of discounts, VAT and other
sales related taxes.

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policiès
{Continu8d)
1.5 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures, fittings & equipment
200/D slraighl line
The gain or loss arising on the disposal ol an asset is determined as the difference between the sale
prO￿edS and the carrying value of the asset, and is recognised in the ststement of financial activities.
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
Al each reporting end dale, the Charty ￿vIewS the carrying amounts of ils tsngible asset5 to determine
whether there is any indication th81 those assets have suffered an irnp8irmenl loss. If 8ny such ind￿￿tIon
exists, the recoverable amount of the asset is ests'mated in order to deltrrmine the exlenl of the impairment
loss lif any).
1.7 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs lo complete and sell. Stock
relates lo 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 ¢ash equivalents in¢lude cash in hand.
1.9 Financial instrum¢nts
The Charily has elected to apply the provisions of Section 11 'Basic Finanaal Instruments, of FRS 102 to all of
its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the finanaal slatemenls, when
there is a legally enfor￿able right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balan￿s, are initially measured at
transaction price including transaction costs and are subsequently carried al amortised cost using the
effective interest method unless the arrangement constitutes a financing Iransaclion, where the transaction is
measured al the present value of the future receipts discounted al a market rate of interest. Financial assets
lassified as receivable within one year are not amortised.

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policiès
{Continu8d)
Impairment of linancial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for
indicators of impairment at each reporting date. Financial assets are impaired where there is objecl've
evidence that, as a result of One or more events that occurred after the initial recognition of the financial asset,
the 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 at the asset's original effective interest rate. The impairment loss
is recognised in net incomellexpendilurel for the year.
If there is a decrease in the impairment loss arising from an event occurring after the imp8irmenl w8S
recognised, the imp8imenl is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying 8mounl would have been, had the impaimenl not previously been recognised. The
impairment reversal is re¢ognised in nel incomellexpendilurel for the year.
Derecognition of financial assets
Financial assets are dere¢ognised only when the conlra¢lual rights lo the cash flows from the asset expire or
are settled, or when the Charity transfers the financial asset and substantially all the risks and rewards of
ownèrship to anothèr entity, or if somè significant risks and rowards of ownèrship arg retsin8d but control of
Ihg asset has transferred lo another party that is able to $911 the asset in its enb'rety to an unrelated third paty.
BasiG financial liabilities
Basic finanual liabilities, including creditors and trad8 loan balancès from connectèd 8ntiti8s arè initially
rècognised at transaction price unless the arrangemènt constitutes a financing transaction, where debt
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 not amortised.
Debt instruments are subsequently carried at aM0￿sed cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or setvices 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-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Darecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
Donations and legacies
Unrestricted Unrestri¢ted
funds
funds
2023
2022
Donations and gifts
160,000
173,000

Ln r)
) ai <0
G> (O
£ £L Q)
oi £
rj) O

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Other in¢ome
Unrestricted Unrestricted
funds
funds
2023
2022
Other income
2,934
990
Other income relates to cleaning services.
Charitable activities
Charitable Charitablo
Expenditure Expenditure
2023
2022
Charitable donations
Rent payable
Media expenses
Event costs
Cleaning costs
Insur8n¢e
Markeling and exhibition costs
Motor, travel and entertaining
Printing, postage and stslionery
Depreciation
Maintenance expenses
Sundry expenses
Light & Heat
Rates
Bad Debts
Bank charges
Stock write off
60,636
219,065
373
100
5,939
503
814
32
219,065
2,176
2,835
47,000
12
897
6,849
117
6,039
5,302
897
2,533
58
1,001
5,578
1,750
427
1,790
3S,488
343,978
295,216
343,978
295,216
A¢¢ountsncy fees were paid by Baylight Properties Limited.
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 2023
Employees
There were no employees during the year.
Tangiblo fixed assets
Flxtures, Ilttlng8 & equlpmènt
Cost
Al 1 April 2022
4,485
At 31 March 2023
4,485
Depre¢iatron and impairment
At 1 April 2022
Depreciation charged in the year
3,588
897
At 31 Ma￿h 2023
4,485
Carrying amount
Al 31 Mar¢h 2023
Al 31 March 2022
897
Stocks
2023
2022
Stock
35,488
Stock is ststed after provisions for impairment of nil12022.. £11,830).
10 Debtors
2023
2022
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and a¢¢rued income
3,015
360
50,565
360
50,565
53,940
50,925
Trade debtors disclosed above are classified as loans and receivables and are therefore measured al
amortised ￿St.
Trade dèbtors are staled after provisions for impaimient of £3,74612022.. £3,746>
10-

THE BAYLIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
11 Creditors.. amounts falling due within one year
2023
2022
Trade creditors
Other creditors
Accruals and deferred income
60,256
1,000
19,987
1,000
1,057
61,256
22,044
12 Operating lease commitments
Al the reporting end dale the Ch8ri1y had oulstsnding ¢ommrf(ments for future minimum lease payments under
non-c8n¢ellable oper8ting le8ses, which fall due as follows..
2023
2022
Within one year
Between two and five years
69,020
219,065
69,020
69,020
288,085
13 Related party transactions
Transactions with related parties
During the year the Charity entered into the following transactions with related parties..
Sale Of goods
2023
Donations payable
2023
2022
2022
Other related parties
54,636
47,000
54,636
47,000
Donatlons rècolvablè
2023
2022
Rènt payablè
2023
2022
Other related parties
160,000
173,000
219,065
219,065
160,000
173,000
219,065
219,065
Donations payable include £54,63612022'. £47,000) made to charities where a trustee of this charity is also a
trustee or Chair of the receiving ¢harity-