BISWA8 FIXINDATION
(A oompony knltod by
Chrty 11Zl•)9J

THE B18WA8 FOUNDA170N
<A Cornp￿ Llmltad by GU￿￿￿•)
DIRErn' REPORT
30 8optsmber 2023
Tha dIr￿￿B 8rn pl@AB￿l to preBent thelr BnTru81 rBpth *)￿ll￿W￿h the lIn￿da1 Slatem￿ of
¢hartty for tho yw 8ThJlng ￿ Soptomber 2023 wFd(* 8M th) Pry￿ 1> m*t thè rewk8mgnts kr a
dlrectOY8' ryrt 8nd accounts frr CoNyanle8 Act purpw&
The firw)dal 81atThn18 axryty wlth the C*arfUe8 Ar* 2011, th& Ccrfnpan198 Act 2006. Ihe Vomornndurn arml
89 of Asscdoucn. 8nd CharfflB8 slat0n￿ d R￿X)MM￿nd￿l Prth8 fcharfUo8 SORW)
(èpplkable to L*arkte8 preparlng thèlr a¢L¥)mt8 kn a(xc*dancè Iha Rnand81 R8pcxlng 8tandar¢
appll¢abig In tho UK and RepubllG rf treland: FRS 102) Isyjod In (￿￿r￿lI9.
OUR PLRP08E8 AND ACTIVrn
Pun)08o¥ and Alm8
Th& wirFrf)8e8 cl the thartty8
1. Th8 provkkn ol Ondudng arvl pl)￿L4 tralnlTrJ) fcr thlldren, young pwwns arxl
adults rgddwt ￿wI￿O In the worfd, w￿￿14r. In Sn nood by reawn rrf thglr
p•. dest[￿1￿￿ wdl*
kn Indk .
Yknrkl. but In In k¥l8.
4. To r88e8r(* Into ltr* (au*s ¥NI Irwtsw*dd18eQBBB and Ill hedth ￿ taffl￿ trAt th8 u8￿1
199[￿ts re88ar¢h ￿1th1.
. Ta promoto for thè publl¢ LMefft th8 stydy of and r888arth Into ts ￿r(￿rnn( huu81ng. sclence,
Iterabjrn. ¢Ltttw8 and muelo Wty*lded knfttth& rethol outh r88ewth aro publahad.
6. To provJd8 a￿1 >xlal 81 on ￿¥jn(Xnk co81 to thoB& In of rollaf by
reaeon ol am111 ha8Jth. (Ysabllty. 11ngni￿ hard8hbaTrJ rrther d18adv￿l￿ an>Tr*twa kn the
wThld, lTh*ding El￿nd.
The (awlty currenly ry•m8 41 gwafBd frNn tho l&drvJ of th880 tYoperts8, atsr
expo￿1￿Jrfr, kn u8od io make thnatiQYFB to Charty. Tr Blv*aÈ Educatknial FourKJall¢M, In Sou
Cal¢ulta, a8 as makkng donadt%)8 to dthng d)arts kn tTr&s t¥￿nty a8 88 aLYoad.
Ilow wrPAlvllloJ d•llYer Pth Bpnefft
plamkng our acthAtI88 for tsyew w k4)t kn mlrnl the Ccml86kn1's gLknc* on publk E￿9fft al
our dlrècto￿ mealings.
The purFQ88 charfty18 ￿ effrrtb) ￿￿te tho ty tho moat thlldren In
To ￿hlave th18 dm the cc%npa)y nMk08 duMflcfflB tu The Bkn EduL¥lonal Foundthn In Indl
to fvnd the r￿mIng of an uphany WKI a 8thLx4 In Kdkala ftt dest￿te ￿an￿, abthn￿ chlldr6n.
Ildren ol poc¢ vA¢JOy￿ nTr)Ihw8 ofB&Y*￿kn, of whom are 6tr68t ¢hlkl

THE BI8WA8 P(￿1NDAl10N
IA eompfyDy iknlt•(I by Gufnnt••)
3Q SOPt￿b•r2o29
A¢H%￿mE￿ra AND PERFORMANCE
At 30 SepteM￿r 2023 Tho h&1 a rx)nv￿n9 41 wr¢)erlla8 trov]ng
317 bgd 8paco
The rKopth tn the ptywolk) ar8 let by 3 propwty H￿Ir￿leY Pywly {HP8).
IAve been womng for th8 FLwndallM the knnafion of thg chaty. Fonlh8m HOTh8 Lld. vkno havo
be￿ worklng for th& F¢Jmd&Uon for the past 6 G&D Hou8*w Ltd who ha￿ bean ￿￿tkIng for the
Foundalon for tho p86t 3 y6gr8, larw eThJ mor8 swtgllÉ8d prowM68 Rlghl Lot L•gd8 Ltd. a h&h
otrnet.b88ed Wng a￿GY thal h88 WL¥kod th8 Fowdalkn 4bcwt 10 18 kj SO￿ tonfint8,
FPS 133 b￿j 8p8￿ (ar<xJMI 4TA of the Ftho&>); Fornlh8m Lld 118
Bgd Opa￿ {8omg 38% of the ￿rtfolIo},' G&P H(Ktslng Ltd manap fdl Bed (bqWn 16-16% gf Ih
F￿0[10) ol the Portlojlo) an(1 wa manag6 lh8 re8tof tho propartl
Wa bolbve It18 Impthtcw rKopth m8lrrf8kn￿. Thè ofthe propty no¢d to ￿ brlth(
I￿h1 aTrJ Invlung 88 we n8&J ts) coryoté wtkn ots ac¢4xnmodakn p￿der8. Our ¢xi8tornets aro matnty
Ing 2nd-ye8r 8bJd8nts fm LInfv￿8￿•B would hm SP￿tt ts Itr8t yoHr crf thelr U￿￿r£KY In
To a(￿￿ the alm The Fwnthlh)r) Lld m&kes dona1kn8 charty
The E(lJcÉlkn81 Fou￿3*1￿ ITBEF) b8•J In vlliggg Nava￿, In pra&￿I￿r. 8￿jIh 24 Porgana8,
W08t B8ngal, kndia. We ar8 0)MTh￿tte￿I to dwung LW.OW.Iy) ￿nudY to help th• tspfv8d. thg co8t
Inojrred lo njnnlng the fthmdatk)n In India as ¥￿1] 88 OW (¥)ntri)LIk￿ lo thè o)nstwtion of the
f￿￿alk)n bulkllng. the yw wp dona￿ £210.0￿.09 to TBEF. A f27W wa8 dcnatod to
olher charTrlabl& cau8a8 malnly In rr*dtcal roowch and ho4)k* athiU68.Note 7 to
th8 aC￿￿nt9 FKovld88 S breaké(y*n oftho nHI8.
Tho BL4was Edul￿n81 Foundatlon (fBEF)
The maln b8nafid*yof our dcthljons ¢xr 8knter d•Tha BIM*B Ethcaional FoundNtkJ) (fBEF).
an orphanwi tho Ananda Bhawan in 2011
Th18 Wure or￿up8n￿ of'pamxl Bhavan,. rTth momber8 ty Mve at fhg Anand Bhavan.
alo n￿mb￿S Mv¢ and 8tuty In a (￿￿￿ted 8ethi rf the ￿ b￿dkn￿ P4xonlng tr) West
go￿r￿jg￿t gendws carYKt undw tho roof bayond thg of 11 years.

THE B18WA3 FOUNDATION
Company Umltgd by
80 80ptombar21Y23
TBEF delfvw8 quamy wJuQall￿ at a mliknwm &)8t to cmthw ba)rKJkng kn th8 ￿n¢¥y￿aly V•wkgr 88otlon
of 80dety kn and arrxJrKI the whgro TBEF 18 ba￿1. In fre8 oduoaurxt IB W0￿d￿[l ftr tho
thlldron ol the 0￿hanage. To aohth Th6 S¢xth Cdcutts PutAks Sohod (SCPS> 88tabM8h&d In
2016 In on8 of our prth kn(y*n a8 Ehanl Bhavan, (abod8 of pèatx). Al tho f8$60n8 (In dlgltal
dg88rorrfns) 8r8 offwed kn E￿Il6h excw of cow88 ts1 the people taught th6ir re￿1￿81 laryuag8
Bwll 8rKI tho nathJd HM.
St￿1•n￿ crf8CPS In a claBBroom
Th18 ￿Cture thows 6kndgnts In 8 da68ro¢xn k)WrpOra￿ wllh to enhan¢0 the
(x)wasrfw ettKlerrt partbJp8Uon 8ThJ Iniern(thn. T4knblod da$Srw￿￿1fjVgrngQ m￿￿m￿la rewirceB
8uch aB vkl8c4 ￿kn￿on$, and to make1&8ft*¥ nKxe ￿lty and Inf0m￿tIVe. D]gltal
Dekn wch as tablots, and t(th Irrtwatsd do8W(th18, fadlltalFno th1181)(KaUv•
leamlng orn1 9i1kknt10s￿ d8lkvy. TheB8 Immwth9 and oducsUono1
In￿rn￿ r￿dulk￿l￿ te&*lTrJ me11￿ Inwrtykng 8ts¥Jontund￿Btsndkn
A Sd￿0[ txJldk)g io h¢thè tho S(*￿)1 b urtr ￿l￿￿￿1DTr and hopefulty w]11 ￿ fxmpI8
wllhtn the yow. Tho VAII hove 67,OIK) 8q.fl. cl Ik¥>r aroA owr 6 Il¢N)rs. It ts howj that vknen thè
trxJlldl￿ b flnISh￿ It h•1 bo ￿]8 trj ￿lL￿* up kn BOD 8d(Itt(ffl to daBwom8 offlco8 for Ihe
81aff aml He&(kn8816r bkn wll ￿ lalxrat(x188 . thyth8, C1￿￿[81ry bk4¢JJy 8EMI a wputsr L9b vlth at
1688t 40 Cornw￿r ter￿￿￿18. In adthli(ffi. b8 8 Nbw ￿dents vlll to erthur8g¢d

THE B18WA8 FOUNDATION
(A Conyiny Llmlt8d by Gu￿￿•••)
30
Thore er8 c￿r￿ty 4CQ at SfPS (All8 16 ys.). the Intonlun
16 to kncrea8e that Nmber to 800 Thlthln th8 next I￿ aB ho￿ 8f&t￿l that tha 8th¢y)t
faclllty 0￿￿mmIXIatO 800 ¢x
Nvdl 8dMKbl Bulldlpw uThlor GoMlJucti
The Sh￿ th8 rrwkn t￿￿￿tth and a wdknenL Th& *kn>ol
building and Its of 1n(*A4re8k-tsl￿nk
uth Calculla SL*ml hAs apw ID of EthKa11(m (CB*) tr an affillats to
op￿￿te ckn b 10 and bayonij (10+21 Aithe k) d8B8 818 belng oper*ad, and CBSE offldaF8
hwrf8 tITe 8c4K)Ll 00v￿Al thTh6, deM￿h)u ￿takn arFd safdy ground8, whkh
top levd and th18 Iw bgen dcTh.
pg Stalrca8￿ al An*xl allwan

THE BISWAS FOUNDAIION
(A Company Umkod by Gu8r4ntoe)
DIRE￿, REpoKr
30 8W•mbar 20Z4
At tho Shanu ￿4¥an wlwe ￿pS18 I¢￿￿￿ th8 CBSE ￿der0d ¢yJtddg 6taIrCa￿ to b6 Inolalt&J and th18
ha¥ baen done.
•SCaW 81alroa8•s at 8hantl Bha
In 4dLqtth lo Ihe orphanage thth. IBEF Ixmtrw88 b) InvoKe liself In 80dal *Blfare. The
wvokty froo modlc81 centr8 for m(kprthrflepJ MIAgotB omlknugd 18 opernion with 8n MBBS
I)r￿ and Nr8e free +y4er 1W pallbnts Imthty 80rAor dUzer16 8NI thlldr6nl
from Ft annu*. IAthI a week (￿￿lY ¢>n Sunday) where the d￿tor and
nwee 809 tho palents In a dhk. arn akn dTornd by i￿7 ph9ml￿A9& Patkn18 not havo to p
for tha ¢0st of tha mo(kln06 ab th8 Mits I￿r bM8ki tha TBEF the Foundakn pay8 tho blll8.
TBEF took th8 knIOatl48 for a +thtrklTra waler wip k> 5￿¥9 th8 IcThl pe(yb r•llh (y)lJ water and gluco80
(G￿￿ThD) dLRlry the Inkn80 ofWI outsldfy lomp*akno ox(*oded 40°C.
On Wortd Envknnmwrt [* aY2& Ihe ￿ndafkn pbntwl Twlthln the b￿d•￿e& ol The B18wa8
Educatlon81 Foun[￿1￿.8 f*altie8, 88 ￿ (kn8B >w. Tho thldr8n of knanda Bhavan and a fw SCPS
S￿dents tad( pwt In tha a(th11188. ThIB exw(*8 ￿t a rn898agb to sodgty, and In Ilghl of tho
(Wrront￿y1rQnM4kn1 ￿lI¢￿￿en( IBEF ha8 fJJm[tt￿I tr) r18thg 51KI tree8 durkng Ihe next tBn ya8rs.

THE BISWA8 FOUNDATI¢Y4
(A Company Llmlt•d by GuarAnt••)
DIRECTOR8. REPORT
Olher of TBEF knthdo:
On 15th August Tho BI￿ Edwlk4AI F￿￿&¥1 ond s￿1h Calojtta Sch￿1 h)Intty
ithbratsd Iho 76th Dayd INI
The 8ixlents htsmgllcThl Yoga DBY arnl warAkn w on thal day I￿&18 almty part of thelr
Flgur• Y Intsrnatlonal Y•>ga D4y ¢•1•
Dr. Subhgndhu Bhatta&w￿. the n8w H9kn, wa8 appdnW 10th AN# X123. Dr ahaliw*e8 gol
N8 PhD from Bon￿8 Hndu Unl¥•.

THE BISWAS FOUNDATION
(A Company Limited by Guarantee)
DIRECTORS, REPORT
30 September 2023
FINANCIAL REVIEW
During the a¢Gour¢tsng year ending W) September 2023 ren131 i1￿me ￿n8rdted by the propgrties of The
Blswas FouThJation porlfolio vrds £1,409,698.
A furthw £342,997 was invested in equities n the Lond￿ and the New York stwk exchanges.
The net surplus for the year was £6,521269 of which £698.328 related to a surplus on operating a¢tivilies,
£4.389.6tK) related to gains from fair valug adjustsnents lo the chariws freehold investment properU8s and
£1,435,341 related lo gains from fair value adjustments to th6 company's stock market investments.
Donatlons made In the Yèar
Durfng the year The Foundafk)n mad8 dc￿allonS tolaling £237,250 as detalled und8r [￿r
'Achievemenls And Performanc*. of thi¢h £210,000 was to our slster Charlty. The Biswas Educational
Foundall￿ In Ind18.
Prlnclpal Fundlng Source8
Rentsl income fr￿ tho conwanys Inveslment prop8rbes És the prinoipal souroe of funding. In &YdiUon
Inveslm8nts are held in st¢xks and shares a fair value of £4,157.352 at 30 Soptember 2023.
Inv8stmont Powers and Pollcy
Under the Memorandum and Articles of Assoc4at#)n. Ih8 charitable u)mpany h8$ the power to make any
investment which the trustees see flL
At 30 September 2023 the thartV8 p￿0110 in stod(s and shares in the UK and the US stock markets stood
at £4,157,352. The dfversified investrnenl pcthlh) is r8gul8rfy rewew8d by the direotors with a view to
schlevlng capltal growth so thal funds may b8 remitted annually to our 818ter ¢harity, Tha Bu51n85S
Educational Foundallon, In Indla. In the year under remew the p￿￿10 had falr valu& gains of £1,435.341.
RosefVOS Pollcy and golng concom
Thg directors have reviewed the charitatAe cx)mpanys needs for reserves in line with the guidaric8 issued by
the Charity Commission. Aside from retaining a prudent amount in reserves eath year. appr0￿Mating 3
to 6 months running costs, the inlenticn is that most of the tharital￿e companls cash furids are dc￿ated to
the Indian Charity. The Biswas Educational F￿r￿Jation, and also to othw deserving causes in the UK and
throughout the wortd, particularly in th8 field of medK¥l researth and in the field of education through
scholarships, bursari&s et
At 30 Septembw 2023 the ￿MpanY held eAsh lunds of £227.598.
Ihe DirgGtws c(￿1￿ thal there are no mat￿181 uncertainties about th6 charitable CoMpan￿S ability to
¢ontinue as a g￿ng corKem.

THE BISWA8 FOUNDATION
(A ComFW Llmltod by
DIREcfoR8' REpoFrr
30 8•pknbw 2023
PLAN8 FOR FUTURE PERKID8
We plan to Lxjnlnug io ￿(￿8￿ ow w(¥*rU88 ￿ an b8818 k) ￿sUr8 8 gorKI rentsl Incomg IB
r¢¢afv￿ ￿ that tjonalkm ethttnue to iw tt) (Njr $181¥ cawtty kn Th8 Blswag Educ#lonal
Wa lan lo makntdn (w 8rvJ thwo8.
REFERENCEAND ADMINISTrATNE INFORIi4TIOM
Tha Blwas F(xmdall
Chadty Rfjg15trat￿n Number.
Comp*)y Raglsfratlon Nun*Mr.
11Z1096
rth87075
20 S￿(fr￿10r tkn
Wg8l y￿*6,
LS17 YDG
Tha dlrath have Ser￿d du￿ tha yew*
Dr N Blsw
Mr P
A Blswas
cOmp￿Y Sttcrnlary
Mrn A Bl*iia8
31A Flnkle Str¥at
Selby
Y08 4tyr
Bankers
Ltyd8 Bank HQ
PO Box IOOO
BX1 ILT
ayde8dal& B￿k
Illn￿ Pl
Glasgow
G12HL

THE B18WA8 FOUNDATION
(A Company Um11￿ by Gwvant*)
DIRECTORB, RFpoKr
JO S•ptwTrbgr 2023
Govwnlng Ik>cumo
Th• w18&￿c￿ Is ellarf￿16 Gonwny Ikrthl ty Gwwan* IrmpNatsd on 2 2008 and
regl8tfftl a8 a charlty ¢)n 9 Doc￿ber 2008. ￿ 0)mp8ry *58 081a￿l&hod undw a m￿randU[n of
ABsodaUon, e8t8E4t8h&l th6 r* ptrw8 of the dwit&blg oxnpony and18 govemad under
Ido9 of kn8odatkn. In th? th8 o)nwany wourvj up m￿b81$ requlrod to ¢ontslbulg an
Thxwrt rnt 9X￿dIng £10.
RKNltsnenl and Appolntsmnt of Dtrotttorn
Th6 Dtr￿ of the comkwryare al￿$ Intst688 kn thfr of (knlty law.
Tha charlty w88 *MJll¢W by Dr N. BI￿ N8 brothw WKI 818tervkn4aw 8N the flr8t
dlr•Jtm oftho thadtable WnTJany.
N6w dlroolor8 may be d*wAc
DlrMknr•' Indurlton Tralnl
Al now dltector8 rec*lvp a ltrwh InthRkn by Dr tr*1 lh8 m ptrAF488 and 8ttu of tho
charfiable company.
Oryanloatlonal 8ITucluro
The rx)mpary has 3 dlré(*)r8 *rt8raet rngul8fy. ofthe Dr K Bl&*￿.19 r88PC￿N1bl￿ lor thg
Rel*•d Partl8
A rthjrfty, Tr BI￿ Edu￿1¢￿81 FourVJati￿', has knm&J In Kolk8￿ lrnla. Thg BtswAB F￿ndallOn
gFarrt8 tD Iha Indk3n charity lo lh9 W￿n￿datIOn, dothlng, gduc¥tl¢)n.
' hffilth oaro rncr8afjTh)al f8t41tbs lo det¥hwd parwrf In Kolkata.
Pay Polltylor Sonlor Staff
Tho dr8clor8 C￿￿d￿th9 boanl ddkntorn, th arg tho TA￿￿8 as thg key manauemenl personnel
of the ¢h8rtty kn tAwe rf dk&Slng and L¥Jnlr(>llnJ IwallTrJ the Foundatkn on a day to day
ba$18. AN dlrectsr8 fino fr* and ¢lrgXor renWr￿alIOn In tha yo8r. No 8t8fl arg
emplty¢d by fhe cFth.
Rlsk IAinagfftnt
txytng th¢ year the corry>arty ha8 toklenufy and awB iho nY4or rlBk8 faelng Ihy LKwlnoBB.
moot tho ro¢wlrwJ tsrg6ts. th p(xxty Bra klenlmed and d$Po8￿1 cl.

THE B18WA8 FOUNDATION
(A Compary Umltpd by
10
The dkeotor8 (tho aro IlrgolDrn for the PwpO￿ of Cwy and tsu6t96G for th9 purp08& of Cl*rfty
lthw} ¥8 rospoYwIIIg lor preparfng tho Dlreck*B' ANWI R8port (r>)mFxlthg tho 8treleohJ Raport and
tXrnctorf8 R￿)￿1] and the finandal 8tatam•its h ￿1rd￿j￿• u4th app1kAb￿ law and thg Unltod I(￿d0M
Cofflpeny reqLAr88 th8 (Urec*iTh to ead) Iln8ndal ye8rwhlth
and fak vlw of tha stat8 of affatr8 of th8 4*arlt*A8 (*¥7wy aThJ of th8 I1￿OI￿ng rewurts8 and
)Ikatlon ¢A r880urceB, kndu4ing th8 ￿)d wandtlTr. fc¢ that P8y1￿1. In wop8thg th6$0 lknan¢l81
81&tsM￿ts the (Irth we rwutr*J
w[knblea(v￿nur￿a tK4k4e8 ￿K1 41Ptyth￿ 4))thnty:
ob8m tho molK￿$ and pl1￿4P188 kn tho Ch8rtUgs SOFP,
M*a￿d￿ements and 09tlm8t68 that p*e and wJden¢
8tats vkn8lher appl￿￿• UK a(winlng thdards hav8 folml. wb1￿1 to any mWal
dopattY88 d801t)*J and frxpwngd In fln8ndal 8tAtemont$,'
para thA lln8nclal ststsments on'lho go]ro bo* U￿?811 L8 knapprDprlat8 10 that
the thartld)1g (lunp￿¥thI1 contlrw kn IxAn886.
a￿Ur￿ et ony Urng the In8ndal of tha tharltsbl& wany and engbkg them to th4t the
lknand81 statem8t7ts compty thg Comp￿18$ Ad 21￿. Th￿ 8r6 al80 le8F￿sIb￿ for 8of&JuardlThJ tho
assats of th8 chafitth company ab¥J for tthg T83&￿ab[& Jtops for the prnMl1c￿ orHI dethtbn of
frnud end othw Irrewiarlll88
STATEMEKf OF DISCLOBLIIE OF IWRMATION TOAUDrroR8
The dlrn¢tors ol thg CWi8ny Ixkl ¢)lkn at lh8 dBte d apwovpl rf th18 knnuol Roport a8 * oirt abov8
eKh th81'.
So far as they 8ro 18 ralwar* 8udlt I1rf￿1n8Ikn (Infom)atlon ne8d8d by
1X￿Pa￿S ￿K￿l(l3 In preparlng knlr repNi} c4 %thkh thg companys aud￿ are
anil
Ihey h8Vo Ihe *J8 that ougrt kn ha￿ tsken In order to rnBke th￿88￿8
awarn of any rpknvart a￿lIt knfcThth)n and to a*bikn thatthe (x¥npty8 aurkn arn aw&re ￿ th8t
InlomiattCfL
Au0￿oR5
O'Brlen & Cl￿rter8d TAI rollre as awjkns ￿ tho oJnp8ny follrywlng apprtypj ol tha
FFnanold StknnlB.
ov&a by tho board cl on 25 8ept8nknr 2W24 aTrJ on ￿ b8halfby.
DR N B18WA8
Dlrevlor

THE BIMA3 FOUNDATIC*I
(A Gollwary Unthod ty Guwwlw}
11
JD Sgptantsr 20
l*lnl+
30 8ap* 2023 oJmM09 thB StstBmert Lrf Ilrnludkng *) IrKK4no *yY
ExpwKI￿jffjA￿x￿W. thb Bal8n(e 8hert ￿ Slat￿n￿￿ C•h FkhYBTrl Inan¢￿ Blthm8nts.
Inclu(Ing ￿rIfiCAnt Fdbbg. Tts flnaTh&pJ tst h88 appllwj In
pr￿ h &ppllctho law ￿MI knuJnliry s￿￿d6, InthKJlnu FR8 1tr2 Tho Flhgnd
Rop0￿￿ Slond4ré appllrAbla UK and R￿uLth rf Irdaryj (ihknj KJWTh Gwally Aci*th*
Accwnllng P￿￿
In ￿tr￿r￿JgI
8 truo fdr ol tha 81818 cl￿￿￿ afdrn AB d &1 sep￿ 20Yd ol ]t8
Pr8ct* gnd
Hthfor uplnl
Wo 0￿￿u￿£d our h) &arthd8 on (UIQ {I&AB IUK)>
FyIEcgblo l**. Ojr royF￿1b11kn IFw)59 818ndwd8 •rn furiTrw dth(A1bèd kn the
rwpon6Wlth8 for Ihe audk of thg of rwr rerf Wg arn of the
thwltablB (xjmpry In ￿41)rd￿￿ **h ts thl thatare oura¥Jll oflh&fingncJal
6t8teJnert8 In ts UK Iho FRtr8 Ethka st￿ havg f￿filed othw •thtc
respon8ibllMo5 In th680 rwplromenb. We Wl8vgllHI lh&a￿￿t thc•
C(oicluelon• I￿￿210 golno ¢onogrn
tho KryaratkM of1￿11r￿￿44l statun￿)￿l￿
BBBgJ crfl tho 4*Yk wa hAYè pthftrtd. wo hwe kterth matorfHI b) WBnts
or ￿nd1￿8 ltr*L [n*yl¥1th￿￿ OT oIIBclfvdy. mw o¥at tknjbt on thBrltsbla o)miArf8 abllty
to a8 8 ¢y)Nsm fcr 8 Fthod of at l&H•t 12 months from th tha fknanc*l slaiemwts 8r6
Y reBSrrfvJIIAINkn P￿d thB dlr•#orn I88pth￿ tsj gjlro In
othgr the lIF*r1￿ sltherts aml our rwl thmi. Thg aro tBswmsIWe knr Ihe
8rty fom of Bèouf8TU CondUsk￿ thwoon.
tr￿n8[￿￿1W1th th8 flnoThYal slalmits kno￿e￿a? s*tslnwJ In th8 cour88 Off￿ atyjlt. or
0thgr45*¢ 8PPWS to mai• rnl9818t￿t. Idrfy material Inwrnll￿03 or 8PP8lQrt
r￿Ul[￿l to d*¢Thtna lh* rfye to g matorfal mlBBlatqnonl In
m#tetsl mlgqt*mwrtclll* <thw knftyrngtkn, WB we iryAr&J to rwifh*f&*
We havonc4thg kn rwln ta¥ Iwd.

ThE FOUNDArnM
IA ¢wp4ny UM1￿ byGuN￿l1•j
JO Wnthw2023
12
VffjEPEMDENT AUDITORIS REPCRTTO TfrE MFJIBERS ThE B18WA8 FOI11￿AT1C*l (i¥oThfjhNwdl
In our(f4thb b9wJ on in •A'
In the Ight Df Ihe trth%ledgo And (rf th8 (*wltabb tt¥ky)y lo tyv¥lTorffient c**taknod In
oflh& oudl WB hava TrAldwiOfiod m8torfd Eirgc*x8.AnnU￿ Rw
utr68 VBto rqy)rt to)￿ ll. In C￿1
Ih8ltngMd rxrt In Th￿18 on(1 rotLThS; or
.audtCf
&Yp1akn￿[ lj1￿ dr￿*(￿ 8toknwrt OTr py IDJ. thè dtrth
re8tKywlble preparolTon ofts ffln8rtht fitatem￿ts ond aBI￿ed tkAt a true WAI
falr ar¥J lty hlwnef a¥ ts fi￿ dgtomilng 18 w to tho prgparth of
In the Ilwdd the [B5PL¥￿￿1g for 9s80881ro the thwlt8bl8 0)Mp￿y￿
a￿￿ty to s# o ￿h1O oJn¢Am, dB(ao¥kvJ. aB *bl&. n781kn fdated a>rnn ond u81r

THE B18WAS FOUNDATIOM
13
30 &pkmbei 2FJ28
INDEPENDENfAUDrroRP Rpjiofff TOT+E IIEMBER81%THE BJVIIA8 FalNDAIION (¢&Wnuod)
fw Ym maf&lal rn*8tatthrf *t)8thar dugto traud orwtor. to gn rewtth81 Incr￿163
ur opknk)n. Re￿tIo wJr&Ke wur8￿, l¥Jl ￿ Mt 8 uuMtg9 Ih81 ￿ audll
ndurted kn ac(wdmYllh ]ShJ {UKlx• * d*1 a It gxl&
Mt¥pl¢lw￿ i*n 8th from fraud crf error ¢￿k1￿￿j mat•fal Ir. or kn th& 4ggr•,
81a1￿•Th￿.
ItreguLgrfll8s. fr8￿1. se kn81gnL*g Thqfh rWJAal￿ts. We iknlgn
Proc￿1￿ In Ilrk ￿lIh ￿r rnSKowlhlllkn. tr) nwI￿1￿1 mI88latan￿ h rw ol
Irrngulartll￿, Incl¢JJW fr￿￿. Thg to oro do* InEgUl9r￿,
frwd bd¢w.
C)y l() gnd a98888h￿ ijf materfd In rnBpwA of 5rwi
Su￿ 8•*r.
tho flnaftd￿ 6tot9fflwrt8.￿ OFW81or• rf IhB ￿9ry. Com￿195 Ad 2fTh,
mBldwJ erqulrkn ol M￿g￿nont w*J
Inthdhg obtthh¥ by.
Ma￿ e8 oJn8klwed t*re wa& 6uwtllllty to
fJxHI(lorfThJ the In￿￿81 In fo fwd aKI wkh I
ragulatk>nw, and
To rf8k0ffr&￿ thr￿h manwwt cpMkl• (rffXrtd8.
o Inthf4thrn ￿ potwthl btss: OTKI

THE B16WAS FfXINDATK*N
(A C¢mp#ny UMlt4d ty (knrnnts•)
14
roguialc￿￿ frIAD flnandd tr8MacknB. Ikdy n 18 thgt Wo *tt¢k1 become aware rA Tr)
(x)mpllarKx Audlty tstandards 8kn llmlt 119 ￿dI1 TwJ￿ad to lkntty MrtrOJmpll￿0wlth la¥4*
and to￿tyry ofthgdlto¢kn the l• of rwJ]thy 8nd1ougJ
gspx(Jenw If ￿.
A lUrt￿r dthplh)n ol w rBspLmMU• Ib the ¢W￿V* at
Th18 d&¢rfptk*tfamB pertdour wJtt(<8 rwt
U8D olour r•port
Patt 18 of tha CompnleB Pd 2rx)6. Ow 8udSt Kyk hB6 Lw undtrlakth 80 thal rntom 8tato to I
¢hwIt4l￿ cffii*8 m#mbw8 trme matws wg 818 Io 81* to I1￿ In an report 8Trd knr
no rAlwr purp¢m. To tho fiJll&t OMt4rt [￿￿1￿1 by ￿. aw w a5swng won8W)lllty
ary￿ne rAhttt￿ thè r*thble •Jrw wjt rf Sxthlts retm orlorthg
ophkrn ￿have formed.
St4)￿￿ CyBri￿ FCA
8enknF8latubry Atth
for and ￿ behallof CxBrf￿ &G)
Sta￿￿y￿￿j1or
IAFknthSt
8￿y Y08 4DT

THE BI8WA8 FOUNDATION
(A Company Llmltfjd by Quwanlgo
1S
8TATEIIEKf OF FINANCIAL ACTivmES
(Includlng In¢om8 and •xpondhurn ￿Count) for I￿y￿Rr w¥lgd 30 8•pt￿bar2023
YCOME
7,174
5,69B
Ino)m• frtyn Charli¥bl• Aotm
. IrN68tm6rt I￿￿me
fN24310
1,214,683
Totsl In¢om•
1220,301
EXPENDMJRE
Exp￿dIt￿ra on Charltabh ActfvMla•
r&8,1E
944.1P
Total ExtxndI￿rn
944,1
27&181
Not G4lns 1 (Lo48ft•) on
Not Incomo and net mov•m•nt
In lund8 for tho y
,5ta
1873,027
Roconclllallon of FundB
Total Fund8 broutht forward
21,￿9￿6
19J)76,498
21,949 625
Th8 8tatement dltnandal a¢Uv]tkn Indutho al gth s￿1 kJBw In Jffjv.
The notss on pagos 18 ts) 24 fomi part ofth88o statem￿18.

THE BISWA8 FOUNDATION
(A Company Llmltsd by Guwanto9)
16
BALANCE 8HEEr
30 8eptomber 2023
FIXED ASSErs
Fre8hold Investrnent Propwty
Inv88tm
Tot81 Flxad A880ts
13
14
zrw).(
4 167.352
31,437,362
22,￿,0
26,194.536
CURRENT A88Ef8
Debtor8
Cssh at Bank & In Hand
21,D21
228.798
17
CREorroR8: am￿nts fallhw
Ythn (¥ne >par
16
NEf CURREiif <UABILmE8)
31,373.204
26,IX4,405
CREDrroR6'. wnounts f8111ry du8
17
2,WA10
3,114,970
TOTAL A88ETS LESS CUIUIEKf LIABUTE8
21
FUND8
UnM8trf*d Fund•
The ao)wnts ap prep0red n a(xJxdarK**th knllhln Pwt 15 of
Iho Companle8 Act 2008.
The8oflnwKlal ¥tstsmerrt8 ￿re approvwj tythe B(thl of Dtr8rtorn ￿ 25 Sepknbw aY24 arKI 819n￿l on h bohaEf
DR N BISWAB
Dlyoctor
Compwy no: 08087075

THE BI8WA8 FOUNDATION
IA Company Llmltod by Ouwarkno}
17
GA8H FLOW STATEMENT
For tha yoar 30
2022
CgDh gengr*gd ty owrnllng a(thlt
19
ae8M76
C*h flow8 fr<)m Invejtlng actmtlos
Improvements lo fr89FK4d Invethont try
Sath of Inve5trnents
.FlJrCl￿88 d Inve8trn8rts
{￿.4(¥))
265,641
613118
182.416)
394,415
Caoh outnow from Invesuffj actMlk•
(417,876)
(281724)
R4wient of borrth*1n98
Cash wl In flnanGlng a￿vItI0
201678
Incr•aM I (Do¢Ma89) In ¢aBh ¢a•h
oqulvalgnts In th• ywr
(117,724)
'Caoh and cash equt¥al•nts at Iho
boglnnlng of thg ygv
154.102
271.W28
Totsl Gash and ca8h ￿U[valOrI8 & th9
ond ¢f the yoAr
227

THE BISWAS FOUNDATION
(A Company Llmll¢d ljy GuaMnt•è)
16
NOTES TO THE FINANCIAL sfATEMEKf8
36 Septwthor 2023
ACCOUNTING F￿[c￿5
The prfndpd at*4Jimllrw Fdd88 8re sLMm￿ bth. Th8 have bean
jn81slthlythr￿llhtsJttr￿ >w ONJ kn tha pr6(tho >w.
The 8tatements hwe b8Bn rKerffid In wrd8nee wlth thè CharlU88: Statement of
R¥￿Mmendad Prddt(* {appIl￿bla to prepth￿ t￿1r &counts In acwrdanc6 thrfth the
Flnandgl Repc*Ung Standarrl In the UK and ReNknll¢ of Irthnd (FR8 1tr2)) (Issu￿ In
2019). (Chwltles SQRP (FRS 1tr2)), lh6 Fu)arthl Rofvg stand￿ applh*e In th
UK and RapU￿[C of I￿l￿d (FRS 11r2) and com￿le$ 2(N]6.
The B18wa8 Foun¢J8llon meth ts d811nlkn ot a beneftt enllty under FRS 102. A&9ets arKI
lthlitkn ¥e Inlualty re(￿gn￿ed 81 hlutorkal t￿1 or tr￿a￿On va￿0 unlass stat￿1
the rdevwrt nots8.
Golng Conc•
Tho dlrfjcaor8 ￿nSider Ihat thorn w8 no mthfal at•)ut th8 ch8ftltablo ￿jmpa￿8
abllty to conUnu8 as a plng conc•m. Th8 Iru8tees do not con51der Ihat thare are any 8rAJrce
of eBUmatlon Ur￿*[alAty 81 the repr*tkng d* that haNB 8 8￿1￿(￿t r*k a matsri
adJu8lmont to thB rarryiffj am(xrnts d a88&8 ￿d11￿1111oB th Iho nèxt rèptffury pwkyj.
Inoomo Rwinltlon Pollol•B
Items of IrMme aro rwThBod and IrKlUd￿ In th cl fobthg crit￿
aro md:
• ¢h8rtty ha8 enlttlern&tt to thts furxls;
• any pWro￿an(￿ (ondttlon8 tr) th8 iW8) of knoYn& Imvo m6t or are ftlly
vAthln tho ¢ontrd ofih8 ch8Jlly,
• there b wffident oert8lntythat rec*trfth• Ix¥)m8 b ￿n$￿1&*d mbable; and
Donatod sprvI￿ and F￿11*1•6
Donal8fJ seNk*8 ¢xfaolltttas are a8 trK¥Jme kn tho thaTIty h88 c#)ntrol ov8r
tho Item, ary [￿ndItIonS a880Ck￿ vlth lern have baen MOL tho rocelpt of
￿￿￿MIC benofft thg u88 ty the dwlty of the Mem L8 arml Ihat eL￿n0M
bènefft¢8n bo mea8u￿1 relktty. On ￿1p( donatsd ser1￿& and fa￿lI￿aS are rnctrantsed
on Ihg bas15 ofthg value of the gftto the ¢h8rliy lh8 snowt the (*wtty V￿1￿ have
bggn wllllng to pay to obtain 8oTrvke8 Orfad1￿e8 d 4uWenl wpjrwnlc b8n8fft ￿ the open
mth¢ 8 cx)rre8wfKllng amount is the￿ rwrlged kn in Ihe period of rec*lpL
DMdend8 & Int8r•8t R￿1¥*b
Dlvldends aro recogn!￿] orwje the dMd8nd1*8 b8en and nollnoallon haB boen reoefved
of tho dmdend due,
Intor88t on fund8 on arml ￿Tr￿n1 ¢an bo
measw•J rellabty bythè ¢h*. r￿rn￿ty Ukwi fKthatlon of the hrtwe8t pald or
payable ty thg Ban

TrIE 8iSWAS FOLINDATK)N
(A Gompany Llmlled by Guar￿1
19
NOTES TO THE FINANCIAL STATeMENfJ (Conllrrfl￿)
30 8gpt8mber 2023
AccouKfiNG POUCIES (oon¢knu8
Fund Accountlng
F￿d8 herd by tho charlty aro urn&trktsJ ￿ne￿I fiJr¥ls. Tha90 ar• fwrtll whlth oan ￿ u8•d In
a¢¢ordm ￿th the L4wttatlb oblth at the dt8ry9lbn rf tho trusts&B.
Expend1￿rn and lTroMv•rknl•VAT
Expgndliure Is re&)￿16¢d onc• thera ￿ a l* cf obllgakn io makg a
ts) a fhlrd paty. h18 pmbgFle 80tlknont wll rwknl the ¥nounl (rf tho ob]Igatrin
can bo mea¥ur&l rellAIIy.
Expendtturn on-charttatAgthA198 th8 (x*ts of provkllw 8tdrth) oary <￿t
of th6 ¢harty and thbtr 8UPWt (Thts.
wa8 In￿ll￿d.
Alk)cadon of Support Costs
Supwt (X>8ts are thcwfundons tst ￿thIthe (*wly l¥Jt do n¢X (*e¢Uy
und￿tsk￿ chaltable 8dfvltl65. Surwt knrJud8 back ollk• cogts, fir￿r￿, p8t8onnd,
and g(wemwKe mqts whkh 8UPWJrtth6 (x)mpanl8 8LMeB. The baso8 on b¥hk
SUp￿rt o)sts have dlocatpd am Sel (Mrt kl rK)ts 6.
The Inve8trnent prcrArtkn held as fw a88d8 are vfilued at th* f*yal￿ attha Wanct SI￿t
ate wy881186d b8Be8 we rwil8•1 In th8 IrK£rfn8 and E¥pendliur• Accwnt.
Invesknents n shown atfatr th8 sh￿1 dal& R88lknd galn8 on
InveBknents r8(x)gnW In It￿me and Exwdknekny￿nt.
R•all8od ¢)aln8 axl Lo880
AB ￿1[[8 ar￿ k>88es ar8 tsken to Ikfj Staementil aB &lse. RoallB8d galnB and
108888 on Inve81ments ae the dIffw0￿ betrthn Sal08 proceads thdr ¢)penlng
(w￿r￿￿ vdue cy their wr(knse value tf wulr•d thwuent to tho first day of the year,
Unrealssj ￿nS 8nd1055es aro edculated 8B kn dlTwenca Ihefalr at Iho efKI and
Ihelr corwng valuo. R8allwl S￿1 u[￿￿￿ed gth I(we8 Tr)mblned kn Iho StateM￿rt
of Fin8nd4 ￿mIeS.
D•btor8
Tr8d8 arnl debtors 8r8 f&i¥ydMI at tho 8moLrt duè thr any trade
lyado dIs(x￿ntS duo.
Cash 4t Bank and In Hmd
Cash at bank cash In hand IB kn resp￿1(￿bank

THE BISWAS FOUNDATION
(A Company LIMtt￿ by Guwantso)
NOTES TO THE FINANCWL 6TATEMEiif8 (Co￿[￿•d>
30 8¢ptombw 2W13
ACGOUTrrnNG POUCE8 (¢ontln
Crodltor• and Prov181oM
Credjtorn S￿1 pro￿¥￿￿19 are rwknl whom thoclty h88 a PT8S*rt obllggth)n r8BulUng
from a past 8v8rf( thaiw111 pub8bly reg￿t tn tha trensffyr offunds to a thhl p￿ty￿K1 Iho
amount due to 8etUo the b8 m￿￿ed or 0811m&gJ rellat￿y. CrwJllor6 and
dlseffjun18 duo.
Flnanclal In•tnmionts
' dwlty 01￿Y ha8 flnerKAd a880ts WKI IIthWtl88 of a khj Itot quallfy aB ba8
fin￿￿101 InstruM￿ts. flnancl81 InstrUm￿ts ata kn￿lly rew180d at value
and sutrAequenlly meaBur8d at theLr BetIlem￿t value ￿ th8 ex(4￿On of b8nk10ons whlch
are 8ubEew8nly mea8urod v4ue pkts Intwe8t le88 rgpayment&
81gnlll¢ant Judo•mort8 and E•tlrn
In atrjlylnglts 8¢x0￿11￿ pdldes the ￿mpary thj nc* to m*0 *Nnoantk4dgom8nts.
or estlmate8
LEGAL STATU8 OF Foul￿TIoN
The Foundatia) a txynponyl1n￿t8d by gLw8nt88 ar<1 ha6 no slHre Lypltal. In th& wrt ofthè (*wNy
b8lng ts118bWtyln rtsofts warankn18 Ilmlw io £10 p6rmombw otlhg ctsrlty.
2022
DONATK)N8 RECEIVED
Dr N Bl8wa8: In k
Dr N BIsw*, of the dke(th. Irurrwl oxwthiro of£7,174 on t*haWofth
charlty.
VE8TMEKf IMCOME
Rentsl IrKiYno
D￿jaftd Incorn
I,409,￿8
14.612
1,204.170
121486J

THE BISWAS FOUNDATION
IA Cumpany um11￿1 by
21
NOTES TO THE F114ANCL4L sTAT￿NTS (ContIn￿d)
30 8optambar 2023
ANALYSIS OF EXPENDMIRE ON CHARITPJLE ACTivmE8
]nve8tmert Donthrn T¢Aal
Tot8J
DoFMYon8 Mada {89e nckn 7)
Agents, Commmon
Prop8rty Malnienance
Propety Cwlng & Gwdw
In8uran¢e
Ucenc
Councl Tax & Waier
Ughl & He
tDr Exp8n88B
Tdephor*. Prln( Po8tsga & Slakwy
Loan Inl8r8St
Bar* C￿rg85
2372FAJ 237,250
78,819
124,858
22,840
447,150
113,980
104,180
12,259
20,086
7.820
8,112
15.323
4041
78,819
124.858
25,61Kl
1.4
15,409
1,490
15,409
11.891
4,￿0
5.747
183.708
6.747
183,760
172.317
75
1,471
6,1KI
1,117
1130
1,117
2.130
Legal & Profes8lonal
Governgnce Costs (8eo Njle 8)
Supwt Costs (see note 6)
Tolal Exp￿dItU
9,825
495 ￿ 237 250
ANALY818 OF ¢30VERNANCE AND 8uppoKr COST8
Thg comp8ny Inltt8Jty Idenlifi88 Ihe coBts of it¥ 8t1pp￿1 ￿￿￿8.11 then Idontlfkn tIv)8e Ix)8ts
whkh rd4to lo th8 9Jvenwy(% f(mctrL The tabb bdfA¥ 88ts (xrt ba￿5 for ￿￿onI
Ml the analW8 of supwt arvj g)ywnanc* cc*ts.
FurK*on
2D23
7.680 attlual costs
9.825 aotual COb48
Tcth B8818
Fun(th
7,2eA) 8L*ml 6v
15 104 adual Gosts
15.104

THE HI8WA8 FOUNDAT]ON
Cornpany Llmlted by Gu¥Mtsg)
NOTES TO THE FINANCIAL 8TATEMEpif8 (cothu•d)
30 September 2f23
AMALYSIS QF DONATION8 IrfADE
Thg Bbwa8 Ethjcatlonal FourMlal1
zhfylm8Tts R8se¥ch
In8tht8 ofCpJw ReBe
L8gds Hosplia
st Gemma'8 HoBpk
Le&J8 UnE Fixrtstspg FurNJ
210.CM)O
lo.￿0
10,000
430,¢y)o
10,In)
8,100
130
130
2023
NEf GAINS J ILOSSES ) ON IIIVE8TMEpif8
N8t Galn8 on F￿￿k1 ITWtmert Pr(wty
Not Galn61(Lo8889) on Inv*trrffj
4,389,000
3,￿17,586
420,739
NEf INCI>IE FOR THE YEPR
IB sta￿1 after charylro l (crn4•[l￿>.
Audli
Nel &gln81 Lo888s) on Inve￿ (Th)ta 8)
7.560
10
srAFF COST8 & NUAIBERS
No 8laff emFlo>*d duth I￿1* nll)
11
No reM￿￿Te￿ wa8 paid to any dkectty (2￿. £T•).
No dIr￿ rwafved any8xp￿Se8 (2022.. £nlll.
One oftho dlroctor8, Dr N BI￿￿ pmnalty Ino{￿￿ of£ 7.174 (20Y2: £L%,W} on bahaifof
12
TAXATIQN
As a c4)artty Th8 B18was Fr￿￿]atkn Is exemptfrom tsx ￿ Irttime and ￿1n8 racknl wRhln ¢at890rt05
ry)vered byCh3pter 3 P&* 11 Cc*wJr8th)n Tax Act 2010 ¢x 8258 of Taxatlon ofChary8gtlg
Galn8 Act1992 trJ that to obJ&ts. No t8x has
18en In thg ￿.

THE BISYIA8 FOUNDATI(h
(A Company um11￿ by Guwantw
23
MOTE8 TO THE FINM4CIAL sfATEMENT8 (¢(¥thwd)
30 8opt•mbor 2023
1022
13
FREEHOU) INVESTMENT PROPEirrY
Far Valua at q Octc4Jw %r22
knprovements at (x)st
D18P08als at Va￿8
Add net ￿[nE from fak v￿e adJu8trr•w
Farr Valué at 30 Soplembw 2￿28
2203D.(MM)
19.730.000
82,415
3017 585
The I￿8h￿d propwUe8 vth rwalu&l tythe dIr￿￿￿ on 30 Sepknbw2023 (m thè b4BIB of ext6tlno uBo.
The freomd woporU68 w8r6 la8t ty8xlornd valwrn kn 2014.
14
Falrvaiuo at 1 OrAob8r 11)22
at
D18FwIB at Carfft Value
Add nat ￿n* 1 (1058es) from f* value fAIJ
Fa￿valUe at 30 Sept￿b￿ 2023
2.364,536
813,116
{270,567)
2,584.988
694.724
(443,W4)
..LEsled on UK st(￿4( Market
Estad on US PAod( Market
Lt8ted Over8ea8 Equttk98
Ca8h hdd v*thwi the Invwtrfftrt Prytfolk)
286.IT2
3050,0￿1
17,T78
3,342
212,007
2.147.540
10
LEBTOR8
Tradè DebtrJr8
2022
10
CREDrroR8." amtyjrts fat11￿ the thln w.
. Trade Credtorn
Bank Loan8
Olher Tr&lltl¥8
14,528
228,418
,0
292,946
41,783
213.381
The ¢ornpaTry has tsken out4 bank k)an& At 30 21Y23 Iho108n d8lak were:
£2.342,449 ¥Ath Intorest ai a fixed rato of 5.6V
£295,897 th a v8riaile Interest rnte. OJrTEr* 3.25%
£156,871 th 8 V8rlatk Inlgr8St rat￿ ujrrarlty 3.26%
£3&3,610 ￿1h 8 varfaL49 *tsrg8t rale, ￿lfeth 3,25%

THE B18WA8 FOUNDATION
(A Company Umlted by Guarnrkno)
NOTES TO THE F114ANCIAL 8TATEMEp¥f6 (¢onUnu
SO Soptwnbor 2023
nts falllw aftw m(Tr tlwn cfflo w.
Barl( Loans (for krtere8t kn 8ee Mjts 18)
.410
3 114970
Anw rf bank Icén
Instalments fdl duo for payrimt afier IrÉiYè than 5 y
18
UNRE8TRICTED FUt4D8
Al 1 Oth)￿raY22
InrAmlng Rfj8￿r
21,949,625
1.431,484
(733.158)
5 824 941
28 472,794
Nel G$ln# l (Lo88e8) on InVe8th￿ Propwty8M on Investr￿t6
At 3) S•ber 2W23
RECONCILIATION ￿ NEf MOVEMENT W FUNDS TO NEf CASH FLOW FROM OPUIATING
ACTtvmES
2022
Nèl movernenl In fuNIB
Fak Value PAllustments
DecTraGO In dobtor6
{De(YÈa80) I Irvrn In (¥edlkn¥
6,523,269
(5.824.941)
19.821
(￿.255)
2,873.
(ZW,846)
83.527
Nat Lxsh u8ed In acthltl88