|The|Dr.Mortimer<br>and Theresa Sackler Foundation|Dr.Mortimer<br>and Theresa Sackler Foundation|
|---|---|---|
||(A company<br>limited by|guarantee)|
||Report and Financial|Statements|
||Year ended: 31December 2021||
||Company<br>Number:|06802998|
||Charity Number:|1128926|





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|For the year ended 31Dece|mber 2021||||
|---|---|---|---|---|
||||2021|2020|
|||Votes|||
|INCOMING RESOURCES|||||
|Investment<br>and similar income|||115,851|(166,472)|
|TOTAL INCOMING RESOURCES|||115,851||
|RESOURCES EXPENDED|||||
|Charitable<br>activines|||792,6'95|1,273,061|
|TOTALRKSOURCESEXPENDED|||792,695|1,273,061|
|NET EXPENDITURE|||(676,844)|(1,439,533)|
|RECONCILIATION<br>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.||||





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|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<br>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|



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|CREDITORS: amounts<br>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|





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|GRANTS MADE|||||
|---|---|---|---|---|
||||2021|2020|
|||||6|
|Institutional<br>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<br>Veterans Legal Center —USD 180,000||||134,370|
|Margaret SMahler Foundation,||2 grants —USD 150,000||118,570|
|Miscellaneous<br>Donations|under|f65,000(2021:12grants, 2020:|||
|11grants)|||186,300|286,105|
|New Commitments|||936,300|1,113,845|
|Reduction<br>in previous<br>commitments|||(151,980)||
|Exchange differences|||1,218|120,313|
|Increase in commitments|||785,538|1,234,158|
||||2021|2020|
|Reconciriation ofgrants|payable:||||
|Commitments<br>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<br>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|





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||||2021|2020|
|---|---|---|---|---|
|Commitments<br>payable beyond one year at I January|||1,233,584|1,955,862|
|Discount|to commitments<br>at 1 January||(4,372)|(38,555)|
|Carrying|value ofdiscounted<br>commitments<br>at I January||1,229,212|1,917,307|
|Amounts|committed<br>during the year|||119,620|
|Reduction|in previous<br>commitments||(73,490)||
|Exchange|differences||354|(2,032)|
|Finance|charge attributed<br>to:||||
|Discount|reduced on commitments<br>at 1 January||2,497|34,512|
|Discount|apphed to new commitments<br>made during|the year|||
|||||34,179|
|Commitments<br>becoming<br>due within one year|||(377,448)|(839,862)|
|Commitments<br>at 31December at carrying values|||781,125|1,229,212|



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