| The | Dr.Mortimer and Theresa Sackler Foundation |
Dr.Mortimer and Theresa Sackler Foundation |
|---|---|---|
| (A company limited by |
guarantee) | |
| Report and Financial | Statements | |
| Year ended: 31December 2021 | ||
| Company Number: |
06802998 | |
| Charity Number: | 1128926 |
| For the year ended 31Dece | mber 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Votes | ||||
| INCOMING RESOURCES | ||||
| Investment and similar income |
115,851 | (166,472) | ||
| TOTAL INCOMING RESOURCES | 115,851 | |||
| RESOURCES EXPENDED | ||||
| Charitable activines |
792,6'95 | 1,273,061 | ||
| TOTALRKSOURCESEXPENDED | 792,695 | 1,273,061 | ||
| NET EXPENDITURE | (676,844) | (1,439,533) | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward | 27,247,662 | 28,687,195 | ||
| TOTAL FUNDS CARRIED FORWARD | 26,570,818 | 27,247,662 | ||
| All funds received are unrestricted. | ||||
| There were no other recognised | gains or losses. |
| NVESTMEN | T AND | SIMILAR INCOME | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| UK bank deposit interest | 2,058 | 4,910 | ||
| Overseas bank deposit | interest | 54,996 | ||
| Exchange differences | 113,793 | ~226,278 | ||
| 116,871 | ~766,472 | |||
| CHARITABL | E ACTIVITIES | |||
| 2021 | 2020 | |||
| Grants made | —Note 9 | 936,300 | 1,113,845 | |
| Reduction in |
previous | commitments | (151,980) | |
| Net discounts | charged | —Note 10 | 2,497 | 34,179 |
| Governance | costs - Audit fee | 4,349 | 4,124 | |
| —Bank charges | 311 | 595 | ||
| 4,660 | 4,719 | |||
| Exchange differences | 1,218 | 120,318 | ||
| 792,695 | 1,273,061 |
| CREDITORS: amounts falling due within one y |
ear | |
|---|---|---|
| 2021 | 2020 | |
| Grants payable | 927,448 | 1„662,446 |
| Accruals | 4,325 | 8,624 |
| 931,773 | 1,671,070 |
| GRANTS MADE | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | ||||
| Institutional grants made: |
||||
| King's College, London —further support | 750,000 | |||
| Associanon to Benefit Children, | 2 grants USD 400,000 | 304,800 | ||
| Expert Impact | 270,000 | |||
| Connecticut Veterans Legal Center —USD 180,000 |
134,370 | |||
| Margaret SMahler Foundation, | 2 grants —USD 150,000 | 118,570 | ||
| Miscellaneous Donations |
under | f65,000(2021:12grants, 2020: | ||
| 11grants) | 186,300 | 286,105 | ||
| New Commitments | 936,300 | 1,113,845 | ||
| Reduction in previous commitments |
(151,980) | |||
| Exchange differences | 1,218 | 120,313 | ||
| Increase in commitments | 785,538 | 1,234,158 | ||
| 2021 | 2020 | |||
| Reconciriation ofgrants | payable: | |||
| Commitments at 1 January |
2,896,030 | 5,135,881 | ||
| Increase iu commitments | 785,538 | 1,234,158 | ||
| Grants paid | (1,971,120) | (3,474,009) | ||
| Commitments at 31December |
1,710,448 | 2,896,030 | ||
| Payable within one year | 927,448 | 1,662,446 | ||
| Payable beyond one year | 783,000 | 1,233,584 | ||
| 1,710,448 | 2,896,030 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Commitments payable beyond one year at I January |
1,233,584 | 1,955,862 | ||
| Discount | to commitments at 1 January |
(4,372) | (38,555) | |
| Carrying | value ofdiscounted commitments at I January |
1,229,212 | 1,917,307 | |
| Amounts | committed during the year |
119,620 | ||
| Reduction | in previous commitments |
(73,490) | ||
| Exchange | differences | 354 | (2,032) | |
| Finance | charge attributed to: |
|||
| Discount | reduced on commitments at 1 January |
2,497 | 34,512 | |
| Discount | apphed to new commitments made during |
the year | ||
| 34,179 | ||||
| Commitments becoming due within one year |
(377,448) | (839,862) | ||
| Commitments at 31December at carrying values |
781,125 | 1,229,212 |