JACKSONFOX ¢.IIAItTERED AI:(.'()UNI'ANI'S ANALrAr¢ IfouNDATION TRUST£ES' ANMJAL RLI PORT AND AIJDITED FINANCIAL SYATJ£MLNTS IOR THCI LNDED 31 Dri CEMBEI R 2023 ANA LFAF FOIINDATION REPORT AND FINANCIAL STATEMCI NTS 31 DECEMBER 2023 CONTENTS Page Trttstees'Rept 'IIITslee¥' ReSpOAj]itL Accoiiiiranvs K¢port tndepenctent Adil0S R¥p(Irt 7-10 Slal¢mehl of FinAnciat Aclivilies 11 Balau¢¢ SlieeL 12 Stat¢Jneut of Cas]1 Floiys 13 Notes to the Finllncial Statements 14-22 ANA LFAF F()IINDATION AiWUAI,'fRU.g'riiLiS' kLI POII'I. I,'OR'I'HLI YEAR KNIIFD 31 DECF,MRif.R 202.3 Ilie-li'iistccy preseni ilieii. aDnual IEporl Iliid fTriiaii¢i%113tatetnetsts for tl)e ycay eiiilcd 31 D¢ccinbLr 2024. Tlie Ti'iiytees liii ve PifPiil'e(I tl)c fiiitti)ci41 sl&i¢iiiciiis iii aLG(?I'dtlTILL wilh ALCLlUIrtilW, 7¢ Eid Repoili1 by Clirti'itics: 8taieinttiit (Trf Recoii)mElI(led PrilLti(-.¢ hi)pli&ibl¢ to c.licW'ilies PlfP1c I'iiig Ili¢ii' Il¢LauiII% i ¢cordaiice ivith tlie IPiliUfjiaI Ilepoititl8 Siaiid&i'd appliLahlL in Ihl IIK and Rei)ublic of Tr'elaiid (FIIS l Q2), (Iho LliJrilie8 %1)RP). Since IIIL coihpan)J (ILiiilifii.% aq wmall iiiiiley section 38?. of th¢ Comp£ll)les Act 2UU6, Ilie Siyalcgic r¢i)i)rL re.qiiitEd ot Incdiiiin IcliBe comp2c Iiies iin(lei' Ili¢ LoivipariiL8 ALL 200CI (,SITileiii¢. R¢i)ort aiid l)ll'e¢toJs' Report) Regulatitsn% 2018 h&8 heen i)snille(l. keferonee aiid Adiiili ioii Inf¢ii'malSD FoiiiidRtion Nftnio Anfi Leafi*ollndlllion RcEislei'ed ClIHrity NunilTrer 1133255 Rcgister¢d Conipiiiy Nuiiiber 7078(J71 Kcglslered Addi'eg$ Whittingtoii Iloii 5, 1,'loor 19-30 Alfird Place Londo WC'IE 7EA Ti'u.¥teey alr01e FIayley de Niti'oii Amaiida C.'aihci'iiiL %inm)ns ALLTrUlI(anls Jll¢k$on Fox liid¢i)eudont Rudltors Ii%M C,hinn¢l I%1#n$ (Audit) l.imitcil Banker UFIS ACJ, Switz.1 S(bli¢l¢oi's Mauri¢¢"liirnoi' Gardiier LLP ANA LfAJI I,'OUNDATION ANNUAL'I'RIISTFF.8' IIFP()RT ((:()NTINIJFI)) FOR THf YEI AR £IIDED 31 DIP,CEMllfR202.1 Striicture Govo.rn lid MaiiA enieiit Aiia Lciif boiii)datioi) is a ¢DlilP4liy liimitbd by guarantcc aiid docs iioi IIAve 81iarc Lupilul. 11 i¥4L inL()IyordlL'(l in F,ngldn(I (ITJ 17 Noveiiib¥r 200_9 And rogristered ils cliai'ity on I l D¢ce]nbei' 2009. ThL LJovLn)illb diTrLiiniLYiLS Ill'L thb MLiknoi'auduin ot'Asso¢iation and Aiii¢les of Associqtioii of Lf Foiiiid£ltioii dated 5 NoveJnb¢i' 2009. eetive. d AL.Ilvili 'ri)e objects ancl activitie-s for wliicli tlie L'lioi'ily is cgtablisli¢(l ai'c.. '11ie I'elief Df sicliiicss aiid rlie piesci'valion of Iie£iltli lliiywliere li) tho world &ud iii irl]ellIj. amiing pL"oplL 111 (hc IIK diiil C.hiiiiiibl Isluiids. 'I'lie pi'010tioIj of ]nedical iesearcli aii)'wlioio iii Ilie woi'l(l aiid li) pfii'liculai tlic siippoi'l of I'La1Lh aiiil Ili%NLminHlion uf t]iL Iisefiil ie$ull¥ vt such IEsurch willi tli¢ ot iinproviiig TIIL ddvaiiLLTrILMI i)l-¢,duLMIiuii tii)n i)r SULh Iiiliei. PllTPVSL.5 1)L'lll8 ¢XLIIJ¥ivLly iliai'ilal)le XLLordinLJ to tlie laws vf Llllglftiid an(1 Wa5e5 as Ilic Tnistees limy fi'oin iinie lo liine del¢iinllie. l.¢>xf Foiinildlii)n di)iJli&% it.8 1185els tu ¢b]eve Iliese objttLtives. Diiriii¥, the y21c r il lias nia(le ¢iiid aivkni'(l¢(I gi'aiits to OlEalllSatioiis arid iiidividiiab rcl*tlll8 lo Iichlth pirsei'iiÉ¥tioii, educ&tlon aiid oilici. hrcas in fiirtliei'fincc Ill. IL% LlIAI-ilAblv uLlivitiLS. fiillnls h#v¢ been rnuile i)R Iioih dii Iinii%kn'iLleil #iid iYsts'i¢teil basis. All api>licAtioiis foi. 8i'¢ coiisiilcird al Ti'lte68 Inetliiigs and coiifiiine(l oi. IxtifJ¢d tliereat. Aiid l.cuf Foiin(laliiJn h&% LonlinuLIl i(5 niLet prL'vious LinniMilniLnt.¥ t() i)i'(JvidL on-LFL)ing liiii(IiiiL I() org4nis&tions, as well as entei'llig into llew 0*¢1ne1its ftiid Iiiakuig oiie-off cloiiic lions. Rlsli fvl&iia eIiicnt 'I'hu 'l'rLL8tees Iiave ie$poiisibilily for ClL%uritsg Ili¢ Lhurity opemles ali api)roprt&te sysleIn of ¢oiitrol%. fllthncial oi. olli¢iiYise. to i)ioYide ieasoikniblG dssiii'ance tlie C'KITity is opei'iitii)k¥ ftricieiitly i1lld LffLLlivLIy. Ihe kcy i'isk is t1¢ abuse by iliose iii r¢c¢lpt (Trfdi)nation8 froin thc L111c I'ity such diat they do not aiiply Ilic fiinds ir¢¢ived iii a¢coi'dance ivitli Ilie C1)lty,3 piiri)oses. The Triisl¢es mitlLVdte tliis Yisk by wid¢itakuik ¥ppropriatc cli¢¢ks b¢forn agiiciiienls arc signed 1)d i¢qiilrc iipd8i¢s and i'eports froin ctlch party wli(b IEceive dollatilS Irom Ilie C.li#rity. ANA LAll I¥{)UNDA'I'IVN AIYIYUAL TIIU,%TF.FS' RF,PnR'f (CONTINufi l)) riOII THC YbAII JJ DLtC'LMBLI'R 2023 c.1ilo.vcnients aiid fcrloriiiHllCC The 'll'ust¢es coiisidei. ilie ptsrloi'ihrtiice of Ilic I'iiuiidulii>ii in the year I l DeceinbLr 2021 to 5iav¢ b¢eJi .4oti41dCt()Tr'y. Tlie foiindiilirn) did iiot I'eceive c12iy doiiatio]]s fi'oiii I'i'oJich?nt Lii#ited duj'iiig Ilio year, thou81i did iecicvc a gift¢d accoiiiiiGlll¢y f¢e Irt)111 .IdLk.4(Iii Fox, C.IIRrtcrcil Acc()Iinlaiil% iii Jth)#y. Tli¢ uni'L%liiclod iiiLQilIL fiiiiils of tlie Aiia Leaf Foiilldotion rejuain i)ositive athd ejirtble on-goittg grclnl giving tn actoi'dniice wi(1) its obj¢¢live&. FiiJiiiLLlal Ilttvleiv R¢s'eJ'vL'.¥ Polic), Given the scolc ancl Iiniiiro of Ili¢ fiOillI(lalion'.% a¢llvliios tlic Tivslco8 liavc c()nLluilLd huldiJJuN ]YseJ'ves is unnLCU%Stii"y. boyoh(l ilivse nGcessdly lo tiiiid coimiitted obligatioiis. 'riiLI'e dl'e iio fiiiid (ILtIiLIts. FiipidiFig.Soiipr8.y Tl)e liOUI)datioii did iiot re¢etv¢ any doiialioiis froni Trei]ch1 nl l.irniiLLI in 21123 {2022'. £3,999,9l)n}. l}iiies$iiiLrilpoli¢ies Tl)e TTllStees liavg depo51t¢d £1,200,000 on 3 mojitlis, Deposit at 5.21% aiid £l,JOO,000 on fiidiiciary c11 at 3.50U/o iri ordei, to sL¢iire a gi'¢&(ci' rclurii (lil lh¥ P(>uiidalioyi'¥ c¥%li i'rsi)Ul'LCS. iuliii'¢ P 'l-Iic 'l'i'iL%lcLg will ci)hlinuc t() providL granLs to fi]1llicr the vbject8 niil?I ac¢iiiioy ilie finall¢iiql POSLlioii of tl)e IEOillI(IR(ioii tlial tilllL ivliiLh Lnuble thein lo e115iii.e that tlie Fiiiaiicittl siaiciiJciil¥ Luriii)ly wqili tho C.hii'ili¢s A¢¢ ?.01 l. tlie Cliai'ity (A¢c()iuil$ usid RLI)i)i'Lsl R¢&Fi2latiun$, th# Con?pniii¢3 A¢1 2006 , an<1 %ldtLA IIIv¥¢ illatteiB thAI we 11&1ve 48i.ecd to slalc ta ilieiii iii thi% iri)i)I'l aTh(I toi. iio otli¢i' piin)os¢. To tl)c fullest eklLlIt pern)itteil by law, we (Iv iiol a¢¢ept or assiime i'espoiisibility lo aiiyoii¢ oiher Ilian Ihe Foundali(Jn's Thwstee5, as a bo(Iyi foi. oui. work or for ihi,4 repi)rt. Wo liave bcirried ULII Ihi.% Ln¥dLTLmLiit in dLiUI'aanc¢ wilh toGknic47I giiidcince issueil by Ilio Itislilulb (jr ChttrteiEd Acc011211cillls lll EiiL14111d Ajid Wftlo5 niid Iillvo compliLd witli IhL clhiLxl gi?iilunLe laid dowii by Ili¢ liislillltL relatiiig to IYlLinbw.s undLI'liikiii&y the coiThpilation of fclaI stat¢ii)ents. Yoii hllve aeknowledgcd In your Till%t¢&%' RpolI5]bilitieS Siatemeiit i'eport yoiii. duty to en$iiiE Ihlll Ibe Fuun(Idtioii hhs kqit prop¢r accounting Ir¢oiYls aiid to prepar¢ fllioncial %t#lilllblll.% in llLC(Tri'Ilaii ivitb Uiiileil Kiii8doiii g¢nerlllly aGCCP(ed accoiintiiig slaiid#rds. We liave iiol bc¢i) ill%lru¢i¢d io Carry OUL Jn aii(lit uf Ilie fiiiaiicial stateii)¢ii¢s. Fior Ibis rea50n, we Iiovc iiot vorilie(I tlie a¢¢llY¢1Gy or coillpleteJLess of Ibe accouthliiB Ircords or iiifomi*LiOlI explanuli(m& yL)11 I¥¢ given to aiid we do 001, IlitsiL,f{>,, ¢xprttss #ny ()pini(>ii oil tlie tinat]Ci£11 Stat¢ents. soil Fox Cliartered Ac¢oiiiitanls Tlits Whili, l.louse 1- 2 E.lilgiDvc Str¢ct 8t HLlier Jei'sey JF.4 XTQ Date.. ILk JffjID¥4 INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF ANA LEAF FOUNDATION RSThA Opinlon We have audited the financial slalements of Ana Leaf Foundation, which comprise the balance sheet al 31 December 2023, and the statement of financial activities and statement of cash flows for the year then ended, and notes 1 10 10 to the financial statements, including a summary of significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {Uniled Kingdom Generally Accepted Accounting Practicel. In our opinion the financial statements,. give a true and fair view of the slate of affairs of the Foundation as al 31 December 2023 and of ils results for the year then ended., have been properly Prepared in accordance with United Kingdom Generally ACpted Accounting Practice.. and have been prepared in accordance with the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI I'ISAS IUKI'} and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of this report. We are independent of the Foundation in accordance with the ethical qUIrementS that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffi'cient and appropriate lo provide a basis for our opinion. Concluslons relating to going ¢oncem In auditing the financial slatemenls, we have concluded that the Trustee's use of the going concein basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Foundation's ability lo continue as a going concern for a period of al least e1Ve months from when the financial statements are aulhorised for issue. Our Tesponsibililie5 and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. other information The Trustees are responsible for the other information, which comprises the Annual Trustees, Report. Our opinion on the financial statements does not cover the other inforrnalion and we do not eXpsS any form of assurance conclusions thereon. In connection wilh our audit of the financial statements. our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls of this other information, we are iequired to report that fact. We have nothing to report in this regard. Opinion$ 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 Annual Trustees, Report for the financial year for which the financial Statements are prepared is consistent with the financial slalemenls., and the Annual Trustees, Report have been prepared in accordance with applicable legal requirements. INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF ANA LEAF FOUNDATION Icontinuedl RSThA Matters on which we are required to report by exceptlon In the light of the knowledge and understanding of the Foundation and ils environment obtained in the ¢ourse of the audit. we have not identified material misslalemenls in the Annual Trustees, Report. We have nothing lo report in respect of the following mallers in relation to whi¢h the Companies Act 2006 requires us lo report lo you if, in our opinion,. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the linancial slalements are not in agreement with the accounting records and returns.. or certain disclosures of Trustees, 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 lo prepafe the h'nancial slalements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Annual Trustees. Report and from the requirement lo prepare a Strategic Report. Responslbilltles of trusteès As explained more fully in the Trustees. Responsibilities Statement set out on page 5, the Trustees are responsible for the preparation of the financial statements in accordance with United Kingdom Accounting Standards and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo 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 Foundation's ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going con¢ern basis of accounting unless the Trustees either intend to liquidate the Foundation or lo cease operations, or have no realistic allemalive bul lo do so. Audltor'$ respon$ibilities for the audlt of the flnanclal statèments Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable aSSuce is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS (UK} will always delect a material misstalemenl when it exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAS IUKI. we exercise professional judgement and maintain professional sceplicism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements. whether due lo fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misslalement resulting from fraud is higher than the one resulting from error. as fraud may involve collusion, forgery, intentional omissions, misrepresenlalions. or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Foundation'$ internal control. EvalLtale the appropriateness of accounting policies used and the reasonableness of a¢¢ounting estimates and related disclosures made by the Trustees. Conclude on the appropriateness of the Tfuslees, use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast significant doLJbt on the Foundation's ability lo continue as a going concern. If we conclude that a materia5 uncertainty exists, we are required lo draw allenlion in our auditors, report lo the related disclosures in the financial statements or. if such disclosures are inadequate. lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale of our auditors, report. However. future events or conditions may Gause the Foundation lo cease to ¢ontinue as a going concern. INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF ANA LEAF FOUNDATION Icontlnuedl RSbA Auditor's rosponsibllltl8$ for the audlt of the flnanclal statements Icontinuod) Evaluate the overall presentation, structure and content of the financial slatemenls, in¢luding the disclosures, and whether the financial statements represent the underlying transactions and events in 8 manner that achieves fair presentation. We communicate with those charged with govemance regarding, among other matters, the p18nned scope and liming of the audit and signifi'cant audit findings, including any significant deficiencies in internal control that we identify during our audit. The extent to whi¢h the audlt was considered capable of detgctlng irregularlties, includlng fraud Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design proceduies in line with our responsibilities, outlined above, to detect material misststements in respect of irregularities, including fraud. The exlenl to wh¢ch our prOdureS are capable of detecting irregularities. including fraud is explained below. The objectives of our audit a lo obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures lo help identify instances of non-compliance with other laws and regulations that may have a material effect on the financi81 slalemenls, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial slalemenls due lo fraud, lo obtain sufficient appropriate audit evidence regarding the assessed risks of material misslalemenl due lo fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However, it is the primary responsibility of the Trustees lo ensure that the entity's operations are ¢ondueted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. We obtsined an understanding of the legal and regulatory frameworks that the Foundation operates in, focusing on provision5 of those laws and fegulalions that had a direct effect on the delerminalion of material amounts and disclosures in the financial stalemenls. These included compliance with the Companies Act 2006 and the Charities Act 2011. Our testing included, but was not limited to-. enquiries of the Trustees regarding known or suspect instances of non-compliance with laws and regulations.. enquiries of the Trustees regarding known or suspect instances of irregularities, including fraud.. undertaking analytical procedures to identify unusual or unexpected relationships.. review of minutes of the Trustees meetings throughout the period., lesling the appropriateness of journal entries and other adjuslmenls., and agreement of the financial statements disclosures lo underlying supporting documentation. Owing lo the inherent limitations of an audit there is an unavoidable risk that some material misstatement of the financial slalemenls may not be detected, even though the audit is properly p18nned and performed in accordance with ISAS IUKI. However, the principal responsibility for ensuring that the financial slalemenls are free from material misst8tement, whether caused by fraud or error, rests with the Trustees who should not rety on the audit to discharge those functions. In addition, as with any audit, there remains a higher risk of non-detection of fraud, as this may involve collusion, forgery, intentional omissions, misrepresenlalions, or the override of internal controls. Our audit procedures are designed lo delect material misstatement. We are not responsible for preventing non- compliance or ffaud and cannot be expected lo d8te¢t non-compliance with all laws and regulations. INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF ANA LEAF FOUNDATION Icontinuedl RSbA Use ofour report This report is made solely lo the Trustees 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 Trustees those mallers we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibilty to anyone other than the Foundation and the Trustees as a body for our audit work. for this report, or for the opinions we have formed. Lucas (Senior Slalutory Auditor) For & on behalf of RSM Channol Islands {Auditl Limited. Slatulory Auditor Jersey> C.1. 25 July 2024 ANA LLI Ale IfUUNDAI'ION iTATF.MF,NT ()rÉ FINANCIAL AC.T.IVITIPS FOR I'IIL YLAII LI NDLD 31 DkL¥Mllbll 2023 Ilnru'%lriLIl & Tolul Fiit],692 3.706,530 CIiLIL)I'I'OIIS'.. AfvIOIJNI'S I.'ALLIN(i DI JE AFTF.R MQRF. TI.IAN ONF, YEAR Grailt co1[nitin¢11L% NF,T ASSF.TS 2,4U3,5()7 3,706,530 TIIF. FLINDS OF TIIF. C1Ty UnioslJ'iei¢d 8¢iicI'itI Cund 2,403,597 3,706,530 TOTAL CIIARtTY IIUNDS 2,403,5<)7 3.7116,5311 'I'hc trinaiicial.%tdtemLntS Ull PH&Tes I ond llulhoiised for issiie on 1() 22 w¢rc ap.1>Ye by tl)e Boaid of Tnistees C.H. dL I)ulron TLllStee A. C, Siinm<)]]5 'ri7let 'Ilie llDte8 nn pag&% 14 10 22 fi)I'nJ p%krl ()t thc80 audit lii)¢1llL1418I0m¢¢$. ANA LfAF II'OiJNDATION SI'A'I'EMEN"r ()ri C.A.4H FI.OW.% FI)R THf, YF.AR r,NDED JI DfiC'EI IWIIIER 2023 Nolc 2023 Nyet Ciilsl) t]oiY$ froill Ui)cralizig uolivitibb (1,345,958) 3,721,482 Nel iiiLr¥ase l (deLfbdSe) ill Clash 11 lid ¢s efjiiivalents (1,345,95R) 3,7?.1,482 Casb cl1)d cash eqiiival¢]it& at begllltiiiig of yelli. 1.1151.510 13?.,0?.8 eJ%h and L&%h cquiv#lent8 al )d ol'year 2,$1I7.552 3.853,510 N(YI'L4S'II)'I'HE CA.SH FI.()W %TA TEMENT A. KFI.(:()N(:11.IATlnN OF TFIE NFt.T FXPFNDITURE TO NEf CASH f4LOW,8 FR()M OPF,RATtNC, AC'TlVI'riib 2023 Net (expondihil'e) l 11'pluS foi, tli¢ yenr (IncirtJ.%L) I dc¢ie&%tt iii d¢hi()1s i)i'epayments IJici'e&ise in acciwals {l)ecrLd.%L) i inciea.%c LTLQi(i)L'.% c.ash ii¥L(l optsi'iitioiis (1,102,471) (2,323) 3,4?.7,056 209.87? 113 1127 1745 958 84.554 3 721482 IJ. NLII. L)L.D'I' MOVbML.N'I' Al l Jqiiuary 2023 Noii-c8sh Ai 31 D¢cciiibffl' movth¢ntS 20?.3 Cllsh fli)w.5 C&%h and L4uivalLll 3,853,SIO {1,345.958) 2,5ts7,552 C11?)1tMLntS Diieivltknl ojie yeat Duo aftei. oiie yeThc ' (146.lJ80) 146,980 (80,860) 3,U415 (80,860) 23.0()5 3 706.530 1198.978 1019.5.% 2 40.3 .%97 Th¢ nolts on pages 14 10 22 forill pait of tliese nudiled fiillt)ei&l silteineiiis. 14 ATr4A ],FA foiiTrmATION NO'I'LIS 'fo THE I,'INANCIAL,%'I'A'I'LI MENI'S FOR THF. YF.AR fiJN} PJl.D 11 DF,CEMBfi,R 202.3 i. s, rAI'UI'ORY INI.DRMATION TS1ty Aiix LLxf FIiuFid&ilioii 1% a Icgi8tLYL'II cliaTity aiid Wi18 ilicn)orXIeil iii F.nLTland, iegi.%h71ion niu)Iber 1133255. 'Ibe i'e8iStered office is Whillitigtoii 14ouse, 5tli Ellooi., 19-30 Aifitd Place. Rlai)n)81)Iii'y, l.oiiUS dic '] ILisÈcLs, ai ihbij. b(?lu aJd dbN(IluLL' di.scrcli()n, tliink fil. Wilhi 8eiieiol fiiiids tlieie are no desigtmted fiiiids. No IE51ricted illc(MU¢ . end00]It fullds al'e held by th¥ Fiiuiiddli()n. (e) Illcojne tiid 8ndoiYllieiits Dollatlolls DonatlOJ15 iticlude till income received by tlie r.oiilldatioii whicli is a kiift made to 1¢ Lli) n voliin¢ary L818. IiiLi)nic frolli (IoiiftLioiig is r¢COlIS¢d wliL'ii il]Lr¢ is evid¢0 oFoiilitlcinciil to Ilio gi(1, iiceipt is pi'obable aiid its ainount cali b¢ Di¢asiii'ed iEliably. Iiivcytsiient ineoine Iiiroiiie from llltei'est is accoiiiiled foriYli¢ll diie Hud is received will)oiit dediiLttuii of tax. Otliei" Income Ot]hei' iDromp iepir5ents se]'vices piv¢n to Foiit2datioll for its oiwi us¢ wliiLli it wuul(I vlhei'wise huvtt purL.IidsL.d. TFi&%o ar¢ iii¢liided wlicll receivLd aiid Ine•8111td at fair value. 15 ANA I.F,AF FOIINDATION NOTIP,S TO Tllf, PJFIANCIAL s'fAI'LI MLIN'I ai (C()N'fiNUED) li()R'I'HI YKAH F.NDFD31 DEC.r.MBf,R 2023 2. AC(:I)IINTINCJ POI.ICIF.S (Lviltinued) (d) DLbLI)TS dn(I pi'¥pttytM¢nts DebiDYS All(1 piEpayi)Iciils arc ircogllised iiei or oiliL'i' Lunsideralion exp¢L'l¢d to b¥ iELeiv¢d less Q]Iy InipHirmLnt. (e) Bxp¢udittll'O C'.Iiaritftble &clivilies Ilesow'ces ekpoi)ded rtppi'oiic(I by Iho'fru%tCL.%.'I'hL majarity of expeiiiliknii'o is iii iildtivii to nts ])ay1E ble is showll ui Not¢ fjb. Gi'ajils p&ytLblc iii furLlicr&iicc of 11)e IioLiiidatioii'% ()bjLcIivL8 ai'L dLC()IinlL(I li)r ivli¢i) th is all ()hligaliiM 4LlSlI)k froii) d Pli sl eveiil to Iiiake trai15f. of valiie of rcsoiiire. Ivlicrc Iliere is an expectalioii ai'isinE li'oiii n coiish'iietivc oblig&tion for uJi'aiil8 In hL IiHi(l {)vbr il li.11){1 ol-iiioi'v ilian QllL yCR¥ I.ecoliti0I) depeiids any ¢oiidilioi)S iittac.lied. Wlieie coiidili011s r¢i)iJiii witliiii Ilie coiitrol of tlie 17oiiTidaiioii tlion siich consiruoiivb ubligdlion& #rL ni)l ¥eL(l&?ii%e(l. (:haTltal)le activities ¢xpeiiditur¢ also iiiclude5 COSts illciiiMEd by tlie foun(IRlioii iti Js$o¢i•tioii willi i)1 giviijg. Elaeli of Ilic tsosts is ssieeific to 11 8raiil. (t) ()Ihei' F,xiienditvre ()IhLI' Lo%Ls c(Trn8i8t ot &F()¥ilnCe and.supi)ort costs. Govei'iiance costs ¥elalè lo the gLiibrol iiiiining ot" Ihe Vi)IiiidJ(ii)11 a¥ apiio8ed to Ihi)¥L L(k8t.% $4aciatcd ivilh Lhai'ilHI)l¥ #clivily, Tliey iiicliido audit ¢05ts, legal ndvice costs, alld costs i'elii tillg to ¢oi)stitutioiinl ftii(I stawtoiy i'eqiiii'eiDents pllls cosi& wliith rL 8*{)Ll{cd with ilit ¥lra(bgib I'ail)¢i' Ihan day lo ddy i'iinniiigtr {)I'iho Fniiniluli()ii. Siii)poi'l al'b ¢nst.s which although neco%sftiy to deliver activities of tlie foundl< lioii do not Iheinselves piDduc¢ oi. coitstitsite the OtpUt of th¢ ¢lifti'itabl¢ aL'iivitie%, ,Supi)oil cos18 inbliidtr lh¢ consuinpli()n (Trf¥illed.%BryiCCb. AiiA Lr Pi)Iinda(ii)n ha5 tto cmilli)y%. The]r liv Mpporlioilln¢Jil of Losts to activities aiid theJ'eloTe no estilliatloll technique5 air applied to Cal7](1te apporlioiinieiil. (g) C'iii'rciii liubiliLi lunouDts' OWLd by ihc Foundation tit thc ycdr cnd arc iecoynised ut the traiisactioii vftlue. 16- ANA I,F.AF FnllNTrATION NOTF,,S TO TllL 14'INANCIAL SI'A'I'LI MLN'I'S (CONI'INULD) F()R THF. YF.AR F,NDF.n 31 DF.c.'fi.MBfi,R 202.1 2. ACCOIINTINCJ POL.IC.IF.S (¢onti])Iied) {li) Noii-eutrejil Liabili(ie.4 IiItS Pi%yal)le k)i¢ illeasiired at tlie presellt value of the fijttii'e p&ytiieiil$ discDiiiIILd at the murkGI ani<)uiit oi'er tli¢ ain'eed i)eriod of .siii)i)oit. The Ti'usl¢es coiisi(lei' tIIis lo be 8.25Q/o (2022: 6,5Q/.j flir Ihe lioiindation for Ilie y¢ar. (i) R¢cuSlI¥¢d CTains &iid Losse5 'I'liere M'ore 110 re¢(Jgiii.%cd gain.% or jobse¥ oiliLr tIEan ihi)sL' showji in tho %1dten)ent ot Fin8nciHI A¢livili¢s. ti) Stalcmgnl of ¢ftsh flow I'lic Slat¢iiiciit of ca811 floiv% lih8 bcen prepai'cd IhB iiidilL'LI iijotlitsd. C.Hyh Hnd cash equivnltIits #r¢ reColsed at aiid siibSEqueJitly Iiieftsured At the ainoiiiit of casli Iield. Casli equival¢iils arc 51ioil tcyiii, IIiElily liqiiid dcp<)yil% '11h a Jnatvi'ily i)I'ILs5 tlian tlii'Le mi)iiths. (k) CTUin&T concei 'I'lie ftsiai)¢ial stAtbinciils hav¢ bceii preikirecl on Ili¢ goiiig ciiiiLLm bgsis. Tlic Th'u%lLe.% 601141IILir 11)uL IhL Fi)Iinildtion11sLS tlie ability to n)eel ils obliL?atiolls 1$ tbey fall diie foi. period of at least ttvelve (l) (;riltL'¥l ULL()UlltinL.jiidgomenl¥ aiid eslijnate iiiTrcertaii)ty- TliuL' are mdlLiiuI Jccoiinling jiidgeinents or balances siibje¢t to estimRte uncerlainty- 3. DONATIONS Donation received 3,991),99 Diirin&F the yttai-, the Foiindation did not iEceive ally don4lioiis from Trenchant Liinited, g compolly un(ler coiiiiknoi) iiitlu¢iicL {21122.. £3 <)99,()(Jll). 'I'lic prior yelli',% dunaliuns WLIL Lilili.%Ld by thc FoiinilAÉion tllroiiglioul the year to ti]iid its a¢tivllies. 17 ANA LV.AF VOUNDA'I'ION NOT&8 T()'fHf. FINANC'LIL S'I'ATF.Mf,NT.S (c,0,1.1NUF.D} FOII'I'IIL YEAR FNDF,D'IA DLtC'KMRIF.R 2023 4. OTHER fNfcoME, 2n23 Gifted Hccouiilaiicy 8b'lYICL8 ?,.500 2,500 JacksnrTr Fnx, Cliiilt¢i'¢d Accouiilwils, pr()vidLII iiccounlancy scrviccs to the IEOUt)dalion wilhDUt a ¢lkll'ge beii)g iiirtdc. 'FhL m#i*¢t i'ate for siich gervicc.% li118 be.en estiniut¢d anil re¢oEllised as ill¢(>lllL. All lif the Lyifted a¢coiiiilaiicy SLIViLLts hÉtv¢ been coijsuincd l)y the foliiidation in re¥p¢LI ul. Ilie year eiide(131 D¢¢Lmhtyr 2023 iliid Ibei'efoie ¢ofTtsspuiidiiig expetise lia8 hLLll rec(IEnised (sec. t4rile ()). 5. CHARII'AIII.E ACTIVITI[ 2022 Cyrallts Pli yabl¢ ill riirtliei'dllce of the Foiindalioii's objeeL% Nule 5b ,357.Ci51 535,150 LosL4 inLutr¢d by tlie fiouiidatioii iii &E8ociatkOll iyitl) ¥aiit givi118 Nole 5 Totul charilablc acliviÈi&% expet)dittire 1,357,651 535.350 5. CIJAIUTAIILL AL'I'tVlTIF.8 'I'lie fi)iiiidd(ii>ii ii)Cill's co31 for piibli¢ rclatiQliS service ¢liid l)elp iyiih ¢o-orditMtioii fix)In OrGhJi.d PR, all costs r¢ctsivcd %LrL IliiL'LtIy DI¢y > r4 C4 Q L in c>0 In 00 tr)000 fn m ¢0 ro m vo hth mo¢ tr> en o ty)tho ¢J ¢J ANA i.fi,Alf I¢OUNDA'I'IUW t*iOTES ro'iiiL IIINANCIAI, %TA Tif.Mfi,NT,8 {COLNTJNUED) F()R THr, Yri,AR I, NDLID 31 DEICIIMIIKR 2023 6. OTHFR COSTS 202.7 2022 Gov¢riiaiiee Cost5 Au(lil fces AcLOltiitaJTrc)* tee$ .01111 (iOVCIIIIIlIL¢ C0518 5,9UU 2.500 7,60Q 8,41JO Suiiport costs Baiik ¢ost$ Tiayel hiid ollier Tiiistee expenses Pliblic t¢latii)Iis co%1% Totill Siipi)ort ¢osts 825 701 36,650 38,170 I,a96 888 12,48 Tohl costs rlasslfied as otliej. costs 46,576 U,0114 All suppoit costs are Yelciied to Ilio eliariigs 1¢ tslivitiL% grallts lo thll'd partles. FijllhIiLC co%1¥ reiiiL%Lni IIIL (li.%coiii)t fa¢toi' IlWilldis 011 gi'uiils du¢ iii ovci. oiiL' ycllr. 7. DRRTORS AND PRE.PAYNIUNTS 2022 Giaiils prcpaid Piiblic relations fres piEp4tid 11.34J 8,60(1 9,620 8,000 17,620 8. CRE,Dl'foK%. AMOlStffS FAI,I.tNG DIIF. WITIIFN ONE YEAIi L¢Y!Idls Audit fees Pul?Iic iElati(TrTlS costs 5,500 2.32.5 7,82.5 5.lUII 5,100 ANA LFAF FOUNDATJON NIITF,.8 TO TTIJI, fillYANCIAL ST AI'EMFNT.S (C'.()N'I'INIIF.D) liUH'I'HL' Y FAII FNDF,D 31 nfi.CJIMBL4 11202J 8. CRCDI'I-()R8.. AMIIIJNTS FAI,J,INCJ nlJF. IVITlItN ONLI YLIAII (L()N'I'INUED) 2.2. 59,8211 5,000 o,Iinn 2,150 5?.,500 Jers¢y Triatlilon Lliib Jcrscy Ncili%ill A%M)tiiatio I.eadei's ot I'oilloirow Logiiiiiiig aiid Id¢J¥ li)r Tibet Pwi'ent-liifant foiindfilion 8,000 99,000 20,000 92,978 159,500 9. CREDITORS: AildOUNT.8 fAI.I.ING DIJP, AF-I"F.R MOItF. TIIAN ONB YE,AiI 023 202 JBrscy'fTlathliJTr c.liib Tlie Sheltei. Tiust 23,U95 10. IU7,1,ATP.r) PARTIE8 Tiustee ¢xpeiises of £7UI (2022.. £888) rL.INt¥ to trnvel in¢ui'i%d by ot)e 'l'i'us¢ee. No amount WAS Dul8tsnEliiiLr ut the ye. end {2022.' llil). Nolle of thc'l'iitCeS IIHv¥ Pdid any icmuneralioii or lliiy ot11 bl¢fItS by the foLiiid&iioii. In 2023, IhL F()IinilAtion did not receive a doiiotioii from 'ltrenbhdnt l.imilcd (2022.. £1,999,990), a coillE)any iTriidei' coniiiioii influencc. Thc pi'ini. yeai ¥ (Ioiiiltiolls iveir utilised by Ihc lioiiiidalinn Ilu'oughDuI thL yedl. to fiind 115 aclSvtlIes.