PS FOUNDATION
Charity No: 1123570 {England and Wales)
Company No: 6525171
(A Company Limited by Guarantee and not having a Share Capital)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Kingston Burrowes Audit Ltd
308 Ewell Road
Surbiton
Surrey
KT6 7AL

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
Annual Report and Financial Statement5
For the year ended 31 March 2024
Page
Report of the TrusteeslDirectors
Independent Auditor's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-14

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
REPORT OF THE TRUSTEESIDIRECTORS
FQR THE YEAR ENDED 31 MARCH 2024
The Board of TrusteeslDirectors presents its report and financial statements for the year ended 31 March
2024.
Reference and Administrative Information
Charity Name..
PS Foundation
Charity Registration Number:
1123570 (England and Wales)
Company Registration Number:
6525171
Registered Office and Operational Address=
Warren House,
Warreners Lane,
Weybridge,
Surrey, KT13 OLQ
Board of DirectorslTrustees who served during the year:
Vin Murrra
Sunil Bhalla
Mark Butt
John Forrister (appointed 14 February 2024)
Graham Mark Nolan (appointed 14 February 2024)
Chair and Chief Officer
Vice Chair
Treasurer
Auditors
Kingston Burrowes Audit Ltd,
308 Ewell Road. Surbiton, Surrey, KT6 7AL
Legal Advisors
Addleshaw Goddard, 60 Chiswell St, London EC1Y 4AG
Bankers
Coutts & Co, 440 Strand, London WC2R OQS
Objectives and Activities
The charity's objects and principal activities are pursued worldwide and are:.
the advancement of education.,
the relief of sid(ness"
the promotion of sustainable development by the relief of povety and the improvement of conditions in
socially disaavantagea communities.
the provision of facilities in the interests of social welfare for rècreation or other leisure time occupation
of individuals who have need of such facilities by reason of their youth, age, infirmity or disability,
financial hardship or social circumstsnces with the object of improving their conditions in life.
The activities that we carry out are described above. These activities are undertaken to meet our objectives
and aims and to further our charitable purposes for the public benefit. In setting and reviewing our
objectives and aims, and in planning and carrying out our activities, we have given due regard to the public
benefit guidance published by the Charity Commission.
Achievements and Performance
The charity believes that education and family support are major factors in tackling poverty and continues
to review ways of providing scholarships and other education facilities to improve the opportunities that
would otherwise be denied to poorer families. It makes grants at the discretion of the Board and after
carefully considering the needs of an individual or organisation. In the period we have continued to support
young adults through tertiary education programmes in both India and the UK helping them to secure
qU81ificalions that will significantly increase their prospects.

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
REPORT OF THE TRUSTEESIDIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and Performance (cont'd)
We support smaller UK charities on a one-off basis and details of these can be found in Note 3 to the
Financial Statements. Whilst the immediate impacts of COVID have passed, the financial impacts are still
visible. Interest rates, inflation and utilities costs rose sharply and the environment is one of continued
hardship. Poverty is increasing year on year and we continue to see the effect of this in these poorer
families particularfy where healthcare and education facilities are not as robust as the UK or under
immense strain.
As in previous years, a number of individuals and families received grants which were typically in cases of
hardship or to vulnerable, disadvantaged sections of the community to finance education or give access to
healthcare. Our strategy includes providing emergency funds in cases where a disaster has occurred. We
finance higher education to drive improved outcomes for individuals and their families. We also try to focus
on sustainability within communities by providing grants to create small scale sustainable businesses which
can provide future employment OPF)Ortunities and to finance education which in lurns helps families out of
the poverty trap.
Financial Review and Reserves Policy
In the period we received one small donation and as in previous years, whilst there is no guarantee that the
charity will continue to attract donations, it has received verbal commitments from a founding trustee that
she intends to continue to donate in sufficient amounts to fund the charity's need should its investments
generate insufficient income. We hold sufficient liquid financial assets to meet all commitments most of
which are discretionary. We received £0.4m in investment income & donations {2023'. £0.4m).
The charity continues to have negligible costs, having no salaries or overheads and being run voluntarily by
the Trustees. Those Trustees operated in the same manner as previous years and have committed to
continue to function this way for the foreseeable future and as a consequence expect running costs to
continue to be negligible.
All donations and grants made in its charitable activities are discretionary and none have, nor is it intended
will have, future financing commitments. The charity had a net surplus for the year of £1.3m {2023: net
deficit £0.2m}. All funds are unrestricted in nature and at the year-end totalled £24.6m {2023: £23.2m).
The charity retains sufficient liquid resources to meet its needs and adjusts its donations accordingly based
on income received in the current year and current balances. As such it maintains sufficient liquid
resources in a low risk top tier UK bank and at the end of the reporting period held £4.6m in cash reserves
{2023: £4.Om) or approximately 10 times average annual grant giving. The charity maintains such liquidity
to ensure that it is able to meet its foreseeable liabilities as they fall due.
As at fihe close of the year and at the current level of grant activity. the charity has adequate cash reserves
and as grants are discretionary and currently create no long-temi obligation, the Board are satisfied that
sufficient reserves are maintained. The organisation has mitigated its financial risk by adopting a reserves
policy which is outlined above.
Annual accounts and returns are filed with Companies House and the Charity Commission. In-house
financial monitoring is undertaken to ensure the charity operates in accordance with its Governing
Document and Objects. A quarterly income and expenditure review is undertaken by the Board. During the
year the charity had no employees and was managed and operated by the Trustees voluntarily. The charity
plans to continue its activities in the forlhcoming years subject to satisfactory funding arrangements and
hopes that by supporting individuals they will eventually turn their success into supporting others, thus
furthering the charity's aims. We are pleased to support a number of individuals achieving degrees and
post degree qualifications which we hope will improve their lives and make contributions to their
environments.

PS FOUNDATION
(A Company Limited by GLJarantee and not having a Share Capital)
REPORT OF THE TRUSTEESIDIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024
Structure, Governance and Management
The organisation is a charitable company limited by guarantee, incorporated on 5th March 2008. The
company was established under a Memorandum and Articles of Association. In the event of the company
being wound up members are required to contribute an amount not exceeding £10.
PS Foundalion has a Board of Trustees which currently comprises five members and which meets
regularly. The Board is responsible for the governance, strategic direction and policy of the charity- The
Board occasionally enlists the support of other advisors such as legal or human resource specialists as and
when the need occurs. In collaboration with the Board, the Chairperson is responsible for ensuring that the
charity implements the strategy developed by the Board, delivers services which meet the objectives of the
charity, enhances the charity's reputation and offers best value to its current and potential stakeholders.
The directors of the company are known as the Board of Trustees. The Board carries out regular reviews
of its skill sets and endeavours to recruit as required in order to fofward the work of the charity. Each
Trustee serves for a period of a year after which they can be re-elected.
Procedures have been implemented by the Board which are designed to identify and manage conflicts of
interest and loyalty and provide for management of donations.
Post Balance Sheet Event
The Charity is in the process of disposing of land held at its book value of £4.9m which if completed, will
realise a gain of £0.6m, along with a share of 200/0 of any net profit made by the acquirer and 20°/o of any
net gain should it be disposed of in the next 5 years. The proposed disposal is to a connected party. being
a special purpose limited Gompany wholly owned by Ms Murria, and consequently consent was obtained
from the Charities Commission.

PS FOUNDATION
IA Company Limited by Guarantee and not having a Share Capilal)
REPQRT OF THE TRUSTEESIDIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024
Trustses. Responsibllftles Ststement
The trustees (who are also directors of PS Foundation for the purposes of company law) are responsible
for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company
law the trustees must not approve the tinancial statements unless they are satisfied that they give 3 true
and f8ir view of the state of affairs of the charitable company and of the incoming resources and application
of resources, including the income and expenditure. of the charitable company for that period. In preparing
these financial statements, the truslees are required to-
select suitable accounting policies and Ihen apply them consistently-
observe the methods and principles in the Charities SORP 2019 {FRS 102);
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
In so far as the trustee5 are aware..
there is no relevant audit information of which the ¢haritable company's auditor is unaware,. and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information 2nd to estsblish that the auditor is aware of that infomation.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies.
Approved by the Board of Trustees and signed on its behalf by-
Mark Butt, Treasurer
18 2024

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF:
PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
Opinion
We have audited the financial statements of PS Foundation (the 'charitable company'} for the year ended
31 March 2024 which comprise the Statement of Financial Activilies, the Balance Sheet and notes to the
financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable Saw and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the
UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024, and of its
incoming resources and application of reSoUr￿s, including its income and expenditure, for the year
then ended.
have been properly prepared in awordance with United Kingdom Generally Accepted Accounting
Practice. and
have be8n prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable 18w. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the
financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believa that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfO￿ed, we have not identrfied any material uncertainties relating to events
or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability
to continue as a going concern for a period of at least twelve monlhs from when the financial statements
are authorised for issue.
Our responsibilities and the responsibiltties of the trustees with respect to going concern are described in
ti Ir Irirv￿l li DekntS0l1 J Oi Lkils I ryui i.
Other infomiation
The trustees are responsible for the other information contained within the Trustees, Report. The other
information comprises the information included in the Report of the TrusteeslDirectors, other than the
financial statements and our auditor's report thereon. Our opinion on the financial statements does not
cover the other information and, except to the extent othemise explicitly stated in our report, we do not
express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent materia5 misstatements. we are required to determine
whether this gives rise to a material misstatement in the financial statements or a malerial misstatement of
the other information. If, based on the work we have performed, we conclude ihat there is a material
misstatement of this other information, we are required to report that fact.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF:
PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
Icontd...
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report {incorporating the direclors, report) for the financial year for
which the financial statements are prepared is consistent with the financial statements. and
the directors. report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in
the course of the audit, we have not identified material misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires vs to report to you if, in our opinion..
adequate accounting records have not been kept. or returns adequate for OLtr audit have not been
received from branches not visited by us. or
the financial statements are not in agreement with the accounting records and retums. or
certain disclosures of directors, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit. or
the trustees were not entitled to prepare the financial statements in accordance wilh the small
companies, regime and tske advantage of the small companies, exemplions in preparing the directors.
report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Trustees Responsibilities Statement (set out on pages 3 and 4), the trustees
{who are also the direGtors of the charitable company for the purposes of company law) are responsible for
the preparation of the financial statements and for being satisfied that they give a true and fair view, and for
such internal control as the trustees determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, as applicable, matters relaled to going concern and using
the going concern basis of accounting unless tho trustees either intend to liquidate the charitable company
Ul LO cease uperauvfj i), vi I It7vr Ii o fEthil)tik• aiivi Iyative but to do sv.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an
audit conducted in accordance with ISAS {UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of
these financial statements.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF.,
PS FOUNDATION
{A Company Limited by Guarantee and not having a Share Capital)
Icontd...
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The specific prO￿dureS for this engagement and the extent to which these
are capable of detecting irregularities, including fraud is detailed below..
Enquiry of management and those charged with governance about actual and potential litigation or
claims and the identification of non-compliance with laws and regulations.
Reviewing minutes of meetings of those charged with govemance.
Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations.
Auditing the risk of management override of controls, including testing joumal entries and other
adjustments for appropriateness,, and assessing whether the judgements made in making
accounting estimates are indicative of a potential bias.
Performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risks of material misstatement due to fraud.
Professional scepticism in course of the audit and with audit sampling in material audit areas.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatemenl in the financial statements or non-compliance with
regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements, as we will be less likely to become aware of
instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather
than error, as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Gouncil's website at- www.frc.org.uklauditorsresponsibilities. This description forms
part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the
charitable company's members those matters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to
anyone other than the charilable company and the charitable company's members as a body. for our audit
work, for this report. or for the opinions we have formed.
Kevin Fisher BA FCA CTA (Senior Statutory Auditor)
For and on behalf of Kingston Burrowes Audit Ltd
statutory Auditors
308 Ewell Road
Surbiton
Surrey
KT6 7AL
)8-1£- 2024

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
STATEMENT OF FINANCIAL ACTIVITIES
(including Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024
Total
Funds
2024
Total
Funds
2023
Notes
INCOME
Donations and legacies
Investments
28.000
354.822
389.197
382,822
EXPENDITURE
Charitable activities
523,262
422.046
NET (DEFICIT>IINCOME BEFORE INVESTMENT GAINS
(140,440)
(32,849)
Net gainsl(losses) on investment assels
1,954,962
{596,426)
Net (losses)Igains on revaluation of fixed assets
(444,319)
380,023
NET MOVEMENT IN FUNDS
1,370.203
{249,252)
RECONCILIATION OF FUNDS
Balances brought forward at 1 April 2023
23,187,549
23,436.801
Balances carried fO￿ard at 31 March 2024
£24,557,752
£23,187.549
All funds are unrestricted in nature and all income and expenditure derives from continuing activities.
The Statement of Financial Activities includes all recognised gains and losses recognised during the year.
The notes form part of these Financial Statements.

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
Company No.. 6525171
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Investments
6,361,111
14,755,114
6.805,430
12,581,005
21,116,225
19,386,435
CURRENT ASSETS
Debtors
Cash at bank and in hand
1,883
4,017,540
4.663,219
4,663,219
4,019,423
CREDITORS.. Amounts falling due
within one year
1,221,692
218,309
NET CURRENT {LIABILITIES}IASSETS
3,441,527
3,801.114
NET ASSETS
£24,557,752
£23,187,549
FUNDS
Unrestricted
General fund
Building fund
18,196,641
6,361,111
16,762,142
6,425,407
TOTAL FUNDS
£24,557,752
£23,187,549
These financial statemenls have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
Approved by the Board of Trustees on IE 2024
M. Butt
Trustee and Treasurer
The note$ form part of these Financial Slatements.

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd
1. ACCOUNTING POLSCIES
Company Ststus
The company is a private company, limited by guarantee, has no share capital and is registered in
England and Wales. The members of the company are the trustees listed on page 1. In the event of
the ch2rity being wound-up the liability in respect of the guarantee is limited to £10 per member. The
registered office is given in the Reference and Administrative Information on page 1.
Basls of preparation and assessment of g0Sng concern
The f nancial statements have been prepared under the historical cost conventiori, modified to include
certain items at fair value. The financial statements have been prepared in accordance with Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland {FRS 102). the Charities Act 2011. the Companies Act 2006 and UK Generally
Accepted Accounting Practice.
The charity constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as
a going concem.
The signrficant accounting policies 8pplied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise ststed.
Income recognition
Ilems of income are recognised in the financial statements when all of the following criteria are met:
The charity has entitlement to the funds-
any performance conditions have been met or are fully within the control of the charity.
there is sufficient certainty that receipt of the income is considered probable-, and
the amount can be measured reliably.
Exponditure recognition
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third
party, it is probable that settlement will be required and the amount can be measured reliably.
Expenditure on charitable aclivities comprises mainly of grants to institutions and individuals.
Expenditure includes those costs of a direct nature which can be allocated to a specific activity. It also
includes indirect costs, including governance costs that do not relate to a specific activity but are
necessary to support those activities.
Fund accounting
Unrestricted general funds are freely available for use in furtherance of the objects of the charity and
which have not been designated for particular purposes.
Designated funds are unrestricted funds set aside by the trustees for particular purposes.
Restricted funds are fvnds which can only be used in accordance with specific restrictions imposed by
the donor or which have been raised for a particular purpose.
Taxation
The company is a registered charity and is exempt from Corporation Tax on its charitable activities.
10

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capitsl)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
1. ACCOUNTING POLICIESlcontd
Investment properties
Investment properties are initially recognised at cost and subsequently measured at fair value (open
market value} at the end of each financial reporting period. The Trustees use their judgement to
assess the fair value of investment in land by analysing information available from the public domain
and utilising established property indices. Gains or losses on revaluation are recognised in the
statement of Financial Activities.
Investments
Unquoted investments in companies are initially valued at cost. The Trustees use their judgement to
assess the fair value of unquoted investments on a regular basis by analysing information available
from the public domain and where practical from the investee company. Provisions against cost are
made as soon as appropriate in the light of adverse circumstances- for example, where an investment
performs significantly below expectations. Gains or losses on revaluation are recognised in the
Statement of Financial Activities.
Investments in unquoted companies are in ordinary shares or instruments capable of being converted
into ordinary shares. Cost represents the acquisition cost of each investment. Because of the inherent
uncertainties of valuing thinly traded securities, the amounts likely to be realised on disposal of these
investments may differ significantly from the values stated above.
Listed equity investments are initially recognised at transaction price and subsequently measured at
fair value (market value based on published stock exchange value) at the end of each reporting period.
Gains or losses on revaluation are recognised in the Statement of Financial Activities.
Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairments are recognised in expenditure.
INCOME
2024
2023
Doiidiions and legacies
Other donations
28,000
Investments
Bank interest
Dividends from investments
102.297
252,525
2,326
386,871
£382,822
£389,197
All of the income received in 2024 and 2023 was unrestricted in nature.
11

PS FOUNDATION
{A Company Limited by Gvaranlee and not having a Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024 Icontd...
EXPENDITURE ON CHARITABLE ACTIVITIES
Grants to
Grants to
Institutions Individuals
Total
2024
Total
2023
Direct costs
Educational
Sickness
Hardship
General Welfare
Other Disadvantage
107.277
50,000
15,000
50.502
6.000
233,378
1,000
45,000
340,655
51,000
60,000
50,502
6,000
74,650
250,000
66,000
20,582
£228.779
£279,378
508,157
411.232
Support costs
Property costs
Bank and asset custody fees
Govemance (see note 4)
13,871
1,234
8,314
2,500
£523,262 £422,046
Recipients of Institutional grants were:
Princes Trust
St Georges
Birmingham University
Cardiff University
Coventry University
Niagra College
Exeter University
Eikon Charity
Nottingham University
Outward BoLJnd
Reading University
Sakhia Sodhi Day School
Ford Sinclair
Just Giving
Big Shivia
6,000
23,537
11,000
9,250
9,000
9,250
27,500
11,537
1,850
50,000
20,600
50,000
14,103
10,000
18,450
3,582
9,250
4,000
5,000
502
15,000
£228.779
£80,632
All of the expenditure in 2023 and 2022 was unrestricted in nature.
GOVERNANCE COSTS
2024
2023
Auditor's remuneration
£1,234
£2,500
STAFF COSTS
The average number of employees during the year was Nil (2023 . Nil).
No employees received total employee benefits (excluding employer pension contributions) of more
than £60,000 during the year (2023 Nil)
12

PS FOUNDATION
(A Company Limited by Guarantee and not having a Share Capttal}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
TANGIBLE FIXED ASSETS
Investment
Properly
Cosvvaluation at 1 April 2023
Additions
Disposals
Unrealised gainsl{losses)
6,805,430
(444,319)
Cosvvaluation at 31 March 2024
6,361,111
The historical cost of the land was £5,932,033.
FIXED ASSET INVESTMENTS
Unlisted
Equity
Investment
Listed
Equity
Investment
UK
Investment
Fund
Total
Cosvvaluation 8t 1 April 2023
Additions
Disposals
Unrealised gainsl(losses}
Forex gainsl{losses>
21,079
5,960,423
6,599,503
2.242.862
1840.330}
1,402.740
(56.208)
12,581.005
2,242,862
(1,060,210)
1,047,665
156,208)
(219,880}
(355,075)
Cosvvaluation at 31 March 2024
£21,079
£5,385,468
£9.348,567
£14,755,114
2024
2023
Analysis of investment (lossesygains:
Realised gains on disposal
Unrealised gains on revaluation
Forex gainsl(losses)
963,505
1,047,665
(56,208)
1,514,756
(2,111,182}
£1,954.962
£(596,426)
CREDITORS
?0?4
?093
Accruals
other creditors
5,000
1,216,692
6,226
212,083
£1,221.692
£218,309

PS FOUNDATION
{A Company Limited by Guarantee and not having a Share Capital)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
MOVEMENT IN FUNDS
Balance
1 April
2023
Balance
31 March
2024
Gainsl
(losses)
Income
Expenditure
Transfers
2024
UNRESTRICTED FUNDS
General fund
16,762,142
382,822
523,262
{380,0231 1,954,962
18,196,641
Dasignated fund
Building fund
6,425,407
380,023
{444,3191
6,361,111
£23,187,549
£382,822
£523,262
£Nil £1,510,643 £24,557,752
Balance
1 April
2022
Balance
31 March
2023
Gainsl
(losses)
Income
Expenditure
Transfers
2023
UNRESTRICTED FUNDS
General fund
17.011,394
389,197
422,046
{216,403)
16,762,142
Designated fund
Building fund
6.425,407
6,425,407
£23.436,801
£389,197
£422.046
£Nil £(216,403) £23,187,549
The Building lund represenls the fair value of the charity's investment properties.
10. RELATED PARTY TRANSACTIONS
No Trustees (2023: none) were reimbursed expenses (2023: £Nil) during the year.
No Trustee was paid any remuneration or received any other benefit from an employment with PS
Foundation or any related party during the current and previous years.
Amounts due to Vin Murria £Nil (2023 £212,083) are included in creditors.
KEY MANAGEMENT PERSONNEL REMUNERATION
The Board of Trustees comprises five key management personnel of the Charity. The Trustees give
of their time freely and no Trustees remuneration was paid in the current and previous year.
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