chrtty numb•r. 1146604 The Mittal Foundation Trustees, Report and Financial Ststements 31 December 2020 Th• PAttal Fowd•lloD REFERENCE AND AOMINISTRATIVE DEfAiS OF THE CHAiufY. ITS TRUSTEES AND ADVISERS For tho y•arended 31 Decembèr 2020 Usha Mitta Metha Miital Charlty r•gl•t•r•d numb•r Prfn¢lpal offl Floor 3 Berkeley Squarn HM• Bertel•y S London W1J6BU IndO￿nd•nt1￿dItfjTr 8h"d( Rolhgntw Authl LLP Chartered Attryjnlw 16 Gr•at l)J••n 8rtr•ot London V*C2B &4H nk• HSBC plc 89 Pal Mal London SW1Y SEY HSBC Pri¥* Bank IC D Lknknd Part Place. Pa￿ Street St Peter Port QY1 1EE Th• hlttal Found*llon TRUSTEES. REPORT Forth• y•Arendod 31 D•¢•nbw2•21 The Trustees wesent Ihelr amual togelher the audiled flnandal stalemonts of Th& Wtal FoLmd¥tOon Oh• Charity) tr the yew fr(ffi 1 January 2020 to 31 Dec•rnt•r 2020. The Tntstees that th• Annual report and finan￿al statements of the Charity compty wilh the ￿nt stalutory requirements. the requiromenis of th¢ Ch¥it*$ gowming do¢umenl #nd the Yo￿.0Th8 ol th¢ Ststem** of Recommended Practice ISORP), appkabb to charili85 preparing their ac£runts i) ac&)￿ant£ wilh thè Reporting Standard ?pplic•b In Iho UK WKI RepWJl* of Ird•bJ (FRS 1W (gffgdkw 1 201¥. Tho Charity Is a Tft￿t fom)8d on 17 M8rth 2012 and 15 a r•ptw•d 1146604. Th• Chart¢$ gov8ming docum8nl 1$ tho ￿￿On oftn Trustees meo1 pwiodi¢alky lo fft ¢on8ideralion to Iho status d rt￿rity funthrwJ, Inve8tmènts and grant making. The Ch￿ty ha5 no paid staff. h¢)wevw th¢ Charity ¢all b)no serv￿$ ofcertain friends and colleagues The Trustees who were al appointed on the knna¢K￿ of the Ch* WKI Iwve 8eNod up to approv* of Ihos accounts were". Usha MNtsI Megha Mitlal Vani8ha Mitlal 8halia Aditya Mittal The TrU9t￿5 o)n$ldw th•t haw oynpkd TA4h 4 of Il* Ch•rth•s Ad 2011 wlth rngard to tho p￿danc¥ on bonofft put4th1 by lh• CW conwri￿. Th8 m¥ln pwpw of the Chwrfy Is to apKty the fr*. nol kn￿ed Its, advan¢emenl ol Achl•¥•m•htr Ind ￿rf0MbIn Durmg 2020. The Fuundakn(m to supwl Harywd Un￿r￿ty and the Brt8h Asian Tru&L In addlllon dLwlng tha yaorth• Chaiity has of SM￿ ￿8ftts lo c4h•r(tsths. la) Conlwiuing ongoHw inftiatr In kgte 2017, The FtyJThJalion to a ghl of $25 nthn to eslthh In endowment for the South Asla lnsl11￿. The knthute [￿dS la￿lty rese*th arKI siudent study acmss the I•&•￿ arnj has Iwlli 0 community c￿lMitted to better ￿￿erStandI19 Ih thaNwry•s fac4d by th•s• countries and d￿ar$o populations. The gift is payable in inslarnenls 5 yeaTS. As at the dale ￿ slgnlrvJ ￿1 mllion was glr pald with the payment exp&a¢d to ￿ m•do in1810 2022. Th• BrfllshAsthn Tnlst In August 2018. The Miital FoundalK)n comrn￿ to m* a grant payable over 4 Y¢#￿ whith alms to Improve erxy and numeracy lèwning slandards lo certain mar*￿￿sed CoMm￿lI10S in kndia. Th• 18v•I of paymants made are dependent on ce￿￿ pre-sel outrnme crrtwm being meL In 2020. a payment of £188.731 was mado. Unlortun*ety, COVID19 has wnp&#ed abthty of Ihe Iwyt lo conlwiue with their prole(a as hoped and Bs suth pr&s8t larg8ts ww¢ not rMt and no fiwthéf paymènts hav¢ yet be•n mado. The tru¥t i# ￿rreft￿Y rtrass9￿ing sthjauon and ￿ are wklng to agr•• tsr98ts wilh th•m. Whilst thère is rw) update at tho 1kn8 of slgnlng tho acuwjts. fivthw amounts rnay become payabl8 Jatar kn 2022 2023. Ib) Smal grarts to other (*aiibes ring the ye* the Tr￿lee$ madè a of *nalw to v*l)u& rjwitth in5titulKm51cwse$ Pa98 1 Th• IAItsI Foundallon TRUSTEES. REPORT (CONTINUED} For th• y•ar•nd•d 31 D•c•mb•r 2020 incWlng'. LoThJon M•di¢al Cèntro. TnAI *¥J the Insitirte Cl¥c•). Prfnclpal rl•k• •Thd ￿G•rtaknbll•* The Twstee5 have undert*•n an as5essrnent of the risks aThl ww*rtaSnti•$ fa¢kng the tharity. The main risk artses from Ineffecb'¥e 9rant making and the ha5 suffiraent (thIKJ•nc* and ongoirwJ monitoring (in the ca5• of larger wntsl to manage th•s• Grnnt mthrwJ The Mltl81 FwThJ8ts)n's i¥ to and I￿rA￿al8. A $lmpl• majority L* Tr￿le8$ a￿MeTht Is rnquk8d to opprty•e the makiig of gran hjlhough The Mittsl Foundat￿.6 C1￿811￿0n al¢Ms I to support a r¥ry• of ca)aritable seclors, the Twsts¢s for thè forese￿Ie fvlure have rknjed to fO￿S on prws aiTh*d al lh8 ad¥anc8rnenl of educatio h8lping ehanga young fves. promo11￿ ofthe arts and the pre¥eniXffl of povty and maIn￿rNiC￿. Th&y us¢ their personal conlacts and rgsfjarch lo id¢nlify suilabl• grant￿5 arwj the cuThent poky is not to a(￿pt or 8¢kn¢ythedge ungrA*Xed appkcalI￿¥for gr*. Inv••trMftt polky Surplus ca8h 1$ r¢tsined It its accourts in HSBC. The Foundation ha5 been tr￿h pr1¥*• ￿￿nt￿Y (km81iM& No actrrf• fur¥JTalskng from outside ￿thbut0￿ is expethd. Th• Four#ja￿ft do•8 not ho%• tied kn f￿1 assds. FIn￿ethI r•vl•w Furthgr detslls olth?ffinaro4 the Per￿ ￿ s•t on pages 8. 15. In￿me trom donabons was Enl (2019 - È1.772,11A) •KI of £1.071.658 (2019 - £835,073) was spent on c*aritaNe acti¥iti8s. go¥•m￿ and athyustrvlion of th• Ch**y. P1W￿ f¢rth• where apwopriale ha￿ made fwther inslaknent poymrt The TNStees ￿nt￿lue to cons*J8r supportry other project5 in Ine wilh the Charitvs obpthyes. The Truslees are re5pon$lbl6 for preparing the Tnts1￿. th¢ T￿￿¢la1 statements in accordan¢e with 8ppli¢able law and United Kjngdom ACC￿￿￿ sla￿d$ (United Kfjngd¢m Generaly Acceptsd Acc4yJntsng P￿￿1¢6). The law ap[dI￿le to ¢harfl¢$ kn E￿n￿ & Wales requwes the Twslees to pr8par• finartial st*m•nts •ach f¥Hnc4al y￿r whlth a tru• and far ¥* of th• st¥te of affaws of the and ol the incoming rèsourcés and applicat*)n of resourc￿ ctharityforthat ￿riod. In pr#￿￿9 thosts fmanaal stalements. the Trustee8 *e required lo: Pag• 2 Th• Mltsl Foundallon TRUSTEES. REPORT ICOIrnNUEDI For th• yw ond•d 31 D•c•mber202Q make ju(trJments arnl 8c¢ounlng ¢￿rnateS that are reasonable and FYudenL' prepare the finanaal stalements on the Gr￿c￿n it i¥ inappTopri*a to w•sumo that th• dwrity wil Con￿'nUe li Tho TfUSt8es ¥e r•sponslate for keeping prr4￿ alzo￿ti￿j Ter￿5 that are suffiraent to and explain th• chariVs transaclK>ns and disdose with reas(mable ac¢urn¢y at tlme Ihe financ481 posthn of the tharity and enable them to ensure Ihal the financ1￿ ¥tstements comFty with Ihe Charl￿¢8 2011. the Charity (Accounts and Rew)rl8) Regufations 2(*J8 and the of the tnffjt deed. They •re also rpsptjnsible for 6atsguathg the assets ol the ¢harty aThJ h¢nc& for lakry reasonth steps kn the pre¥ent*)n and detedkn of fraud oth•r Irr•gularitiu. Dl•clo•ur• of Inform￿10n to *udknrn oflho pernons vtho art Trustee$ attr* INS TN$t￿, Repcrt 1$ appro¥ed ha8 ¢onfimed thal: unaware, and that Trustee has taken al the step5 thal 0￿h1 to hab* been t*en as a TN8tee in order to be aware of any r•lovant audil inforniatirn lo est*ksh thatth• chaiws awlrtorn aro •var& of that rfomth"on. Apprry•d by ¢thr offv mgnkn8rs ofthe bo¥d ofTntskns M 7 %)22 and their behaf by: U•ha Ilttal Tru8t¢o Pagè 3 **The Mittal Foundation** **________________________________________________________________________________________** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE MITTAL FOUNDATION** ## **Opinion** We have audited the financial statements of The Mittal Foundation (the 'charity') for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has 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' (United Kingdom Generally Accepted Accounting Practice). The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 31 December 2020 and of its incoming resources and application of resources for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Page 4 **The Mittal Foundation** ## **_________________________________________________________________________________________** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE MITTAL FOUNDATION (CONTINUED)** ## **Other information** The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and 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 material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the Trustees' report is inconsistent in any material respect with the financial statements; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the Trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements which 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 charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. ## **Auditors' responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 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 Auditors' 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. 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- Page 5 **The Mittal Foundation** **_________________________________________________________________________________________** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE MITTAL FOUNDATION (CONTINUED)** compliance with laws and regulations, our procedures included the following: enquiring of management concerning the charity's policies with regards to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the charity's policies detecting and responding to risks of fraud and whether they have any knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the charity's policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the charity operates in and focusing on these laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the charitable company. The key laws and regulations we considered in this context included the Charities Act 2011 and applicable tax legislation. One particular focus area was the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the charity for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments. Another focus area was non-compliance with the rules of the Charity Commission. The charity was authorised and regulated by the Charity Commission throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the charity and the Charity Commission; and discussion of regulatory matters with the appointed officers of the charity. There are inherent limitations in our audit procedures described above. The more removed the laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report. ## **Use of our report** This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditors' 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 charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. **Blick Rothenberg Audit LLP** Chartered Accountants Statutory Auditor 16 Great Queen Street London WC2B 5AH ## 27 May 2022 Blick Rothenberg Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Page 6 Th• Mltlal Foundallon STATEIENT OF FIXANGIAL ACTI For th• afid￿ J1 D•wnb•r 2fj2• Totsl fund• 202• fund 20ZD funds 2019 Incom• froffl: Donations and kgaaes Interest 1.772. 108 240,932 119.1•2 119,192 Tol*l ID¢omp Exp•ndllurn on: Charitabl• aclmii 18•.1•2 1VJ.192 2.019.040 J,5•T 1U.151 113.507 118.111 596, 176 238,89r 1,071,651 1.•71.$51 835.073 Il•t movoment In fvnd• RKoncilialion of fund&" Total l￿dS broughtforward Net mowment In funds 190281$) 1,183,967 1,•06,116 721.219 1.183.967 POi466) Tolal fund• fATrknd 1.W172• 1,002,720 1,905. 186 Thè Statemènt ofFwban¢xal Ac*¥ibes wM**Jes ￿ gam recognlsed In the yew. The note8 on paue¥ 10 to 14 fl￿ pwt of these finwxial *atem Page 7 Th• Mlttal Foundatlon BALANCE 5HEEr As at 31 D•¢emb•r 2020 2020 2019 Cumint assets D8blors Cash at bank and in hand S,689,9n 1,011,042 10,480. 143 13&578 6.701.015 10.614721 Cr¢dltots'. amounts lallry due **hln one year 12M1,4771 {2.965,815) Met ¢urront asg•ts 3￿19,536 7,652.876 Creditofs.. amounts lallirwj due after rrKJre than one ye PM16,818) (5,747.690) Total n•¢ a•••ts 1.002,720 1.905.186 Charlty funds un￿Stricted fvnds 10 1,002,720 1,905.186 Tot•1 funds 1.002.720 1.905. 186 fknan¢ial slaternents were awovwj and aultrti15￿ for issue by Ihe Tnrstees on 07 Apyil 2022 and siwed on their behaw by. Usha Mlttal Trusl8e The notes on pages 10 to 14 fcrfm ￿1 ofth8se finanaa stat8mwts. Pag8 8 Th• hlttal Faund*tlon STATEMENT OF CASH FL¢YMS Forth• y￿r•fid•d 31 D•e•mb•r 2020 2020 2019 872A64 (597,04lJ h•ng• In ¢a•h and ¢a•h gqulval•nts In th• Cash and cash equivalents atthe begwiiww 01thg y mN64 {597.041) 131.5rn 734619 ¢￿h and 04th•l•nts alth• •nd of th• y•ar 1,911.Q42 138.578 The Njles on page$ 10 to 14 ftxrn W of these fwwbial statem Pago 9 Th• IAttal Fa￿dItIon MOTES TO THE FINANCIAL STATEMENTS Forth• ￿r•nd•d 31 O•c•mb•r 2020 A¢counllry pomd The fintffia statements ha￿ b¢8n prep¥ed undw hIstor￿1 cost Converthon with r•e4)gnlsed at tt•st or tr8nsactTh unlus othorwise slated in Ihe relwart notes to tho attthjnts. The financial statoments have been prepared in acl￿￿ with lh• Siatèmont of ReconNnended Pradice.. Ac0)￿tlIg RepDrling by Chan￿5 preparing they aKounts In accrJrdance with the Fwwoal Reporling Stsrkdard applicable in Ihe UK and Republic of Ireland IFRS I￿2) issued in O(*obeT 2019 *TrJ Finan¢ial Reporting Stsndard in United lfjngdom and Repubk of Iwlwd (FRS 102) Charltl•s Ad 2011. 12 Golng ¢onG•rn Th? Trust¢$s hm that tr*y WYI lo fvnd$ 8$ no¢8swy lo that the cknty me9ts tts obl9aUons as th•y fal ¢kn for the fornseaable futurn. Fcy Ihls rgason they Con￿ny9 1J Fund a¢¢ounti General funds are ￿r¢s￿1c￿ ar• Wdilablo for use at tho dwotson ofth• TNst•8s in purpo￿. 1.4 Incomkng rnsr•urc ine4ffle is re¢ogni#ed lh• dwity has ￿tille￿ to th• In¢))me, it 18 pyobable that thè 1A R••ourtM •xp•nd•d Expenthiurg b a¢¢ounled for on an accn* basis has beon Indud8*J und•r 8xp&nse ¢atSgLvI8$ that aggregate am costs lor alocatb)n to actr¥it￿. l••lher• costs ￿not be ithreca￿ 8Mrlbuted to parlKular acti¥its•s ha¥• been alo(atod on a ba515 con31918nlvfilh the use of th• r050ure•s. Gr¥rtt8 pay4t4• ¥• in tr* y•or Wh￿ the off•r is mad• •wt In thM• c8808 wh¥• th• uffer 1$ a)ThJilw)no1. su¢h grnnts being rec•p*sed as when Ih? ¢onthti"w8 attathing ¥re f￿￿lIed. Grants offe￿d $ubpct to Tr)t been mel at the year end are Th)tsd as a Eyw)dRuffj on ¢harit8ble a¢llth Is Ir￿￿d undert*kng the aclivltle$ lurther tho Pagg10 Th• Mlltsl FO￿d•ll0n NOTES TO THE FINANCIAL 8TAT&IEiirs For tho yw •nd•d 311>0¢•M￿ 2020 A¢¢¢untkno pol¢l•• (¢ontlnwdl 1A I•¢•￿￿10 In￿1•91 on [￿d$ ￿ld on deposit 15 I¥￿Jded Ththen receivabk and the arno￿￿ can be measurgd relaity by the th*ity,' this is rw)m)aAy wn ThXikaOon of tr* Int•re8t p•￿1 or pay•lAè ty the in8litullon wilh wh)m th¢ finls #rè d•pD&t•d. 1.7 D•btorg 1.1 Ca•h at b•nk and In hand C88h at bank and li h￿d ¢Nsh hityty bquid iivo$lm•ils Mlh a Short malunty of thrne moth w I￿$ *r#n the d*• of acquls#kn or owlng of lh• or similar a¢¢ounL oth￿ d•btors r•prts•nt Gfft Aid r8eowrablg fmm HM R8venu8 and Customs. aro reeA)gnlsad 8t Iwsacttm value. a$ nono conlain in substarK8 a financ4ng transaclion. Theraaftor th9y ¥0 el￿d for knpa1r￿rrt when there ￿ d4edNe eY4Jents based on ob5eThable d*a that the balance may be ThpaThl. Crethlors and aro r•¢ogrds•d wh8rn th• has a prn8•nt L*Jllgatlon r•s(dttng from a past 8¥ent that proba1* result in the tr￿sfer of fvnds to a th*d paity and tho amounl duo to s•ffi8 the obl￿atIon can be measured or e51imated rebatty. Credilors and provisions are inilial re￿gnIsed at transathon ￿ue as rewestnt • fffianciig transaction. Thèy 8rè or Unrn*trlctsd l￿d¥ Totsi fwd• 2020 Tot41 lunds 2019 Donations 1,772, 108 InV••th￿t Incom• Totsl fund• 20 fund• 201• funds 2019 Ib*ernst rnLxfvabl• 169,192 16•,192 246.932 Page11 Th• hllttal Founthllon NOTES TO THE FIIIANGIAL 5TATEIIENrJ th• yw •nd•d 31 D•¢•mb•r 2020 An*ly•kn of wants Grwtsto Totsl funds 2019 202(1 202D Grants award•d 883.507 883,507 596.178 The thwity has taken of ex•iM to lJusts k) England and Wales from prowalkng th• names of grant rn¢4￿8nts and tho am¢xmts of grarts dwwwj th• lrf•tTh• ol th• tll8rwho donatéd thè knds from whith the ￿ants are paid. Gov•rn•nc• co•ts Total lun 2D20 Total dlun 2020 2019 19,120 19.120 3,807 (2.706) 237.798 Unr•allMd For¢¥￿ Exthe (Gany Loss Finance costs 169.031 169,031 188.151 188,161 238.897 2020 2019 F•8s payatA• to Ih• aMItLYforth• ofthe o*wWs oco)unl$ Pago 12 Th• Allilal F•Jund•llon NOTES TO THE FINANCIAL STATEIIEMTS For th• •nd•d 31 D•c•mlxr 2020 2020 2019 Du• aft•r mov• th•n 5.747.690 5,747,690 [￿0 wlthln On•￿ 0￿r dablc Gr•ts rwxNabl8 1.772,108 2,1160,345 2,•n.1 46B9,973 10.480.143 Crndllorn: Amounts l•lMnq du• wlthkn on• y•v 2020 2019 Granls payablet Arxruals and defeThed in 2,173.156 2,960,345 2,111ATI 2,965,845 Crndttorn: Amounts alknr morn th*n y•v 2019 Grants pay*4e 16.811 5.747,690 11). Statsmont of fvnd• Statsmont olfund¥ lan¢• It 31 2020 Unrn•tr1C￿ lund• Goneral Fund5- al funds 1.905.186 169.192 11,IJ71,S$81 1,002,720 Page 13 Th• I11tt￿ Foundallon MOTES TO THE FINANCIAL STATEMENTS For th• y•ar•nd•d 31 D•Gwnb•r 2020 11. 2020 2019 Athil•$) (902MfjI 1, 183,967 AdJu••rn•nl• tr. Decrease in debtors D$crgasg In 47911.169 1,4T8.804 13.0153391 (3.259.812) N•t c••h pro¥ld•d bs¥lw•d In) w•r•tkng a¢tl¥Mb•¥ 872464 ($97.04tJ 12. An•W• of ¢a•h and ¢a•h 2D2D 2019 Cash al bank 1,011,H2 138.578 13. of chang•• kn n•t debt Atl January 2020 Ca•h Ilow• Othvr no At31 •h D•c•mb•r ¢h•ng8• 2020 Cash al bank and In Grants Payabl• 138.578 •.TIA,1134 1,011.042 (3￿23.562) $.68U72 8,U6,612 172AM 13.023.562) 6.695.614 Page14