R•gist•red number.. 06041382
Charity number: 1118236
ST CLARE'S FOUNDATION
(A company limited by guarantee)
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

ST CLARE'S FOUNDATION
(A company Ilmited by guarnTrtee)
CONTENTS
Page
Trustees
Refornn¢e and administrative details of the Char￿ and advt8ers
Trusts•s' report
Independent examinerfs report
Ststsment of flnancial aclivits8s
Balance Sheet
Notss to the flnanelal 8tslements
8-12

ST CLARE'S FOUNDATION
IA company Ilmlted by guarantw)
TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2021
Trustees
Alberto Marolda, PrincApal
Lord Howard of Penrith
Abhay Vamia
Page 1

ST CLARE'S FOUNDATION
IA company Ilmited by guarant•e)
REFERENCE AND ADMINISTrATIVE OETAILS OF THE COMPANY AND ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2021
Company registered numbor
06041382
Charity registorgd number
1118236
Registered 0ffi¢o
3 Valencia Road, Stanmore. Middlesex. HA7 4JL
Cornpany secretary
Abhay Vamia
Accountants
Haysmacintyre LLP, 10 Queen Street Pla￿. London. EC4R IAG
Bank015
Royal Bank of Scotland, 49 Charing Cross, London. SW1A 2DX
Page 2

ST CLARE'S FOUNDATION
IA company limited by guarantsgl
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JANUARY 2021
The Trustees present their annual report together wÈih the finanual ststements of St Clare's Foundation for the
year ended 31 January 2021. The Trustees confiryn that the Annual Report and financial statements of the
company comply wth the current slatLrtory requirements, the requirements of the Companls governing
document and the Ststemenl of Recommended pract￿ for Charities ISORP 2015) ISecx)nd Edition, effective 1
January 20191.
Since the charity qualifies as small under Secti￿ 383, the strategic Teport required of medium 2nd large
companies under The Companies Act 20C￿ (Strategic Rep)rt and Directorfs Report} Regulations 2013 is not
requirod.
CONSTITUTION
The charity is a charitabk company limited by guarantee and was setup by a Memorandum of Association on 4th
January 2007. It is registered as a charity number 1118236.
The prinrApal obl￿t of the charity is to provhle ￿lief of s￿knesS and finanoal hardship and to provide for tetter
edu¢ab'on. either generalty or individually. in various parts of the wortd. particularty bul not exclusively in Alrica.
METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the resP)n￿bIlty of the Trustees vtho are elected and ￿-0p1ed under the
temis of the Articles of Associatron. Trustees are aFwointed upcm r￿￿MMendatiOn. Each trustee appointed is
given an induction and regular training is available.
ORGANISATIONAL STRUCTURE AND DECISION IAAKING
The Trustees meet regulady in order to review the current activities of the charity, assess the progress of the
projects and discuss future deVelop￿nts.
POLICIES AND OBJECTIVES
The chanty aims lo raise sufficient fvnds to provth housing, food and education for orphans of AIDS victims.
The charity is currently helping to build 8 home in Nyazna. Kenya for $u¢h vicbms. The charity ho$ worked
directly with the Francisian Sisters of St Joseph to complete this project.
MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARrrrs PURPOSES FOR PUBUC BENEFIT
The Trustees in this report describe how those activities Ltndertaken by the charity fvrther its charitable Purposes
for the public benefit. The Trustees confimi that they comply wth the duty in section 17 of the Charities Act 2011
to have due regard to the public benefit guidance issued by the Charity Commission. In particular they have
Conside￿ rt5 supplementsry public guidance on the adVan￿rrEnt of religion for the public benefit.
GOING CONCERN
After making appropriate enquines, the trustees have a reasonabk expectation that the company has adequate
resources to continue in operab.onal existen￿ for the foreseeable future. For Ihis reason they continue to adopt
the going con￿rn basis in preparing the financial statements. Further details re9arding the adoption of the going
cOn￿M basis can be found in the Accounting Policies.
Page 3

ST CLARE'S FOUNDATION
IA company limlted by guarantee)
TRUSTEES. REPORT Icontinuedl
FOR THE YEAR ENOED 31 JANUARY 2021
REVIEW OF ACTNMES
During the finanaal year. we continued to run a children's orphanage and school in Kenya called St Clare's. The
entrre structure comprising of school classrooms, domitoties for both stsff and children, a kn"tchen, nurse station.
large dining room and bathroom facilittes were all operational during the year.
RESERVES POLICY
The charity has received donat￿nS in the past and has continued during the year lo spend these on various
projects. It is not the charitys intent￿n to build up reserves bul to spend the funds in hand as needed. The
charity has few overhead costs so does not need to keep Lgrge reserve balances.
FINANCIAL REVIEW
The Charity made a defiat in the year of £17.664, reducing reserves to £812. The Charity will continue to r￿1ve
financial support from its Tnjstees for the ongoing running and operatKsns of its Children's Orphanage in Kenya.
11 will also seek to raise addrtional resources from past and new donors.
TRUSTEES, RESPONSIBILMES STATEMENT
The Trustees (who are al￿ directors of St Clare's Foundation for the purposes of company lawl are responsible
for preparing the Trustees, rewrt and the finanaal ststements in accordance with applicable law and Unrted
Kingdom Accounts'ng Standards (United Kingdom Generally A￿pted Ac￿Untr.ng Practicel
Company law requires the Trustees to prepare finan(ial statements for each financ¢al year. Under Company law
the Trustees must not approve the finan￿al statements unless they a￿ sats"sfied that they give a true and fair
view of the stste of affairs of the tharitable company and of the incoming ￿Our￿S and application of resources.
including the income and expenditure, of the charitable company for that period. In preparing these financial
statements, the Trustees are required to..
select Suitable accounting policies and then ap￿Y them consistently..
obsetve the methods and prinaples in the Charitses SORP..
make judgments and accounting estimates that are reasonable and prudent
prepare the finanaal statements on the going concem basis unle&8 it is inappropriate to presume that the
charitsble company will cnntinue in Operat￿n.
The Trustees are reswnsible for keeping adequate accLJunting records that are sufficient lo show and explain
the charitable companls transactions and disclose with reasonable accuracy at any time the financial position of
the charitable company and enab￿ them to ensure that the finan¢ial staterrEnts comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the charitable company and her￿e for taking
reasonable steps for the P￿VentIon and detection of fraud and other irregularities.
Abhay Vamia - Trustee
Page 4

ST CLARE'S FOUNDATION
(A company limited by guarant¢e)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2021
INDEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF ST CLARE'S FOUNDATION (the
'company')
I report to the Charity Trustees on my examination of the a¢￿Unts of the company for the year ended 31 January
2021.
This ￿port is made solety to the CoMpan￿S Trust&s. as a t￿y, in accordan￿ Part 4 of the Chaiities
(Accounts and Reports} Regulab'ons 2008. My work has been undertaken so that I might state to the companls
Trustees those matters l am required to stale to them in an independent examinerfs report and for no other
purpose. To the fullest exient permitted by law, I do not ac￿pt or assume responsibilty to anyone other than the
cornpany and the companvs Trustees as a body. for my work or for this rep)rL
RESPONSIBILITrES AND BASIS OF REPORT
As the Trustees of the company land its directors for the purposes of eompany lawl you are reswnsible for the
preparatr.on of the accounts in accordan￿ with the requirements of the Companies Act 2C()61'the 2006 Acl'l.
Having sab'sfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of the company's
attounts carried out under section 145 of the Charities Act 2011 {'the 2011 ACYI. In carrying out my examinab'on
I have followed the Directions gwen by the Charity Commission under section 145{51(bl of the 2013 Act
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I can confinn thal no matters have Corr￿ to my attention in connection with
the examinalitin giving me cause to believe..
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act..
or
the accounts do not accord with those records.. or
the aeeounls do not comply the accounting reqU1reff￿nts of section 396 of the 2CQ6 Act other tha
any requirement that the accounts gwe a 'true and fairf view which not a matter Ix)n5idered as part of
an independent ex2minab"on,' or
the accounts have not teen prepared in accordance wth the methods and princÉples of the Statement of
Recommended Practtce for a¢￿Unting and ￿￿x)rting by charitres lapplicable to charib.es preparing their
accounts in accordance ¥￿th the Finanual Rewtng Stsndard applicable in the UK and Republic of
Ireland {FRS 10211.
I have no concems and have come acrosg no other matters in ¢onnectton bwth Ihe examinatK>n to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached.
Signed.. *
Murtaza Jessa FCA
Daled: 10 Decem￿[ 2021
HAYSMACINTYRE LLP
Chartered Accounlanls
10 Queen Street Plac
London
EC4R 1AG
Page 5

ST CLARE'S FOUNDATION
(A company jim1t￿ by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2021
unrestn.cted
funds
2021
Totsl
funds
2021
Total
funds
2020
Note
INCOME FROM:
Donab'ons and legaaes
38,942
38,942
63,230
TOTAL INCOME
38.942
38,942
63,230
EXPENDffURE ON:
Charitable *ivities
56,6LIS
56,606
41,411
TOTAL EXPENDrruRE
56,6C6
56.606
41,411
NEf INCOME I {EXPENDITUREI BEFORE OTHER
RECOGNISED GAINS AND LOSSES
NET MOVEMENT IN FUNDS
117,6641
117,664)
117,664)
(17,6641
21,819
21,819
RECONCILIATION OF FUNDS:
Total funds brought forward
18.476
18,476
13,3431
TOTAL FUNDS CARRIED FORWARD
812
812
18,476
The notes on pages 8 to 12 fomi part of these financial ststerrents.
Page 6

ST CLARE'S FOUNDATION
{A company limlted by guarantee)
REGISTERED NUMBER: 06041382
BALANCE SHEET
AS AT 31 JANUARY 2021
2021
2020
Note
CURRENT ASSErs
Cash at bank and in hand
2.786
21,990
CREDITORS: amounts falling due y￿thin
one year
{1,974)
13,514)
NEf CURRENT ASSETS
812
18,476
NET ASSETS
812
18,476
CHARITY FUNDS
Unrestricted fvnds
812
18,476
TOTAL FUNDS
812
18,476
The companys financial staterrEnts have been prepared in ￿1rdan￿ with the provisions applicable to
companies subject to the small Compan￿ regime.
The Trustees Consider that the company is entided to exemption from the requirement to have an audit under the
provisions of section 477 of the Companies Act 20061.the Acr'} and members have not required the company to
obtain an audit for the year in question in aC￿rdance wbth section 476 of the ACL
The Truslees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
th respect to accounting records and the preparab'on offinanckql ststements.
The finanaal statements were approved al￿ authorised fr)r tssue by the Trustees on 91 { Ll L I
signed on their behalf, by..
and
Abhay Varma - Trustee
The notes on p￿e$ 8 10 12 form part ofthese financial statements.
Page 7

ST CLARE'S FOUNDATION
IA company limited by guaTrntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
ACCOUNTING POLICIES
1.1 BASIS OF PREPARATION OF FINANCIAL STATEAIENTS
The financial ststements have been prepared in aco)rdance wth Accounting and Reporting by
Charities.. Staternenl of Recommended Practice applicable to chanties preparing their accounts in
accordance with the the Statement of Reo)mmended Pr&b"ce for Charities ISORP 20151 {Second
Edition, effedive 1 January 20191 and the compan￿ Aci 2006.
St Clare's Foundab"on meets the definition of a pubtic benefft ents'ty under FRS 102. Assets and
liabilities are initially recognised at historical Cost or transaction value unless othe￿iSe ststed in the
relevant accounting policy.
1.2 COMPANY STATUS
The company is a wmpany limited by guarantee. The members of the company are the Trustees
named on page 2. In the evenl of the company being wound up. the liability in respect of the
guarantee is limited lo £10 Fer member of the company.
1.3 FUND ACCOUNTING
General ftjnds are unreslricted fijnds which are available for use at the discretion of the Truslees in
fvrtherance of the general obJe¢bves of the company and which have not teen designatsd for other
purposes.
1A INCOME
AJI Incorr￿ is reco3nised once the ￿MpanY has entitlement to the income, it is probable that the
income will be received and the amount of in¢orre receivable can be measured reliably.
1.5 EXPENDITURE
Expenditure is recognised 0￿ there is a legal or constnjctive obligation to Iransfer economic
benefit lo a third party. it is probable Ihat a transfer of economic benefits ￿11 be required in
setuement and the amount of the obligation can be measured reliably. EXpend[tU￿ is classified by
activity. The cost5 of each activity are made up of the total of direct costs and shared costs.
induding support costs invofved in undertaking each activtty. Direct Costs attributable to a single
a¢tFvity are allocated directly to that aclNty. Shared costs which wntribule to more than one activity
and support costs which are not attribulable to a single activty are apportioned be￿een those
activities on a basis ￿nSIStenI with the use of resources. Central staff costs are alIC￿ted on the
basis of time spent. and depreckqtion charges all￿ated on the porbon of the asset's use.
Govemance costs are those incurred in (x)nnection with administration of the company and
Complian￿ wtth ￿nStItUtiOnal and statutory requirements.
Charitable activibes and I￿1¥eManCe costs are costs incurred on the ¢ornpany's educational
operat]ons, including support costs and costs relating to the g0Veman￿ of the company apportioned
lo charitable actiV￿.e$.
Page 8

ST CLARE'S FOUNDATION
IA company Ilmlted by guarante¢)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
ACCOUNTING POLICIES (CONTINUED)
1.6 CASH FLOW STATEMENT
The Trustees have taken advantage of the provisions of the Statement of Recommended Practice
for Charities ISORP 20151 (Second Edibon, effethve 1 January 20191 and have chosen not lo
prepare a cash flow Ststen￿nt.
1.7 INTEREST RECEIVABLE
Interest on fvnds held on deposrt is induded when receivable and the amount can be measured
reliably by the company.. this is nonnalty upon notificats.on of the interest paid or payable by the Bank.
1.8 CASH AT BANK AND IN HAND
Cash al bank and in hand includes cash and short temi highly liquid investsnents with a short
maturity of Ihree monlhs or less from the date of acquisition or opening of the deposit or similar
account.
1.9 LIABILITIES AND PROVISIONS
Liabilities are recwnised when there is an obligation at the balan￿ Sheet date as a result of a past
evert it is probable that a transfer of economic benefit WTII be required in settlement. and the
amount of the setlement can be ests"maled reliabty. Liabilities are recognised at the amount that the
company anticipates il will pay to settte the debt or the amount il has receNed as advanced
payments for the goods or services it musl provide. Provisions are measured al the best estimate of
the amounts required to setde the obligation. whe￿ the effect of the b'me value of money is
material, the provision is based on the present value of those amounts, discounted at the pre-tax
discount rale that reflects the risks specific to the liability. The unwinding of the discount is
recognised within interest payable and similar charges.
1.10 FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilib.es of 8 kind that qualify as basic financial
instruments.
Basic finanrial instruments are intts.ally recognised at transaction value and
subsequenty measured at their settlement value vrith the exception of bank loans which are
subsequenlly measured at amorbsed cost using the effectNe interest nEthod.
1.11 CRrricAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT
Estimates and judgments are continually evaluated and are based on historical experieno and other
factors. induding ex[￿lationS of futu￿ events that are believed to reasonable under the
circumstances.
There were no crtbcal accounting estsmates and assumptions.
Page 9

ST CLARE'S FOUNDATION
(A company Ilmlted ty guarant•o1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
INCOME FROM DONATIONS AND LEGACIES
Unresthct8J
fvnds
2021
Totsi
funds
2021
Total
fvnds
2020
Donations
38.942 £
38,942 £
63,230
Total 2020
63,230 £
63,230
ANALYSIS OF EXPENDTtURE BY EXPENDtruRE TYPE
Other costs
2021
Total
2021
Total
2020
Contribution towards upkeeplbuikling of St Clare's
Children's Home. Kenya
Other Costs
54,2IXI
54,200
4c6
39,335
276
CHARITABLE ACTIVITIES
54,6C
54,606
39,611
ExPEND￿vRE ON GOVERNANCE
2.0(Kl
2,CN)O
1,800
56.606
56,6C
41.411
Total 2020
41,411
41,411
GOVERNANCE COSTS
Unrestricted
fvnd5
2021
Total
funds
2020
Accountancy fee
2,000
1,800
NET INCOMEI{EXPENDITURE)
During the year, no Trustees received any remunerabon12020- £NIL}.
During the year, no Twstees received any benefft5 in kind12020 - £NILI.
Dunng the year, no Trustees received any reimbursement of exr¢nses12020- £NILI.
Page 10

ST CLARE'S FOUNDATION
IA company Ilmitsd by guardntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
Other ¢redrtors
1.974
3.514
STATEMENT OF FUNDS
STATEMENT OF FUNDS - CURRENT YEAR
Balan￿ at 1
FebNary
2020
Balance at 31
Expenditu￿ January 2021
Income
UNRESTRICTED FUNDS
General Funds - all funds
18.476 £ 38,942 £ 156.6061 £
812
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
1 February
2019
Balance at 31
Expendrture January 2020
Income
General Funds- all fijnds
13.3431
63,230
{41,4111
18.476
Total of funds
13,3431 £
63,230 £ {41,4111 £
18,476
ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BEThEEN FUNDS - CURRENT YEAR
Unrestricted
funds
2021
Current assets
Creditors due wÈlhin one year
2.786
11.974}
812
Page11

ST CLARE'S FOUNDATION
(A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
ANALYSIS OF NET ASSEfs BETWEEN FUNDS (contlnued)
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
nds
2020
Current assets
Creditors due wthin one year
21,990
(3.514}
18,476
Page 12