2021-12-31-accounts

THE MirrAL FOUNDATION TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees		Usha Mittal
		Vanisha Mittal Bhatia
		Megha Mittal
		Aditya Mittal
Charity registered
number		1146604
Principal office		Floor 3
		Berkeley Square	House
		Berkeley Square
		London
		W13 6BU
Independent	auditors	Blick Rothenberg	Audit LLP
		Chartered Accountants
		16 Great Queen	Street
		London
		WC2B 5AH
Bankers		HSBC pic
		69Pall Mall
		London
		SW1YSEY
		HSBC Private Bank (C I) Limited
		Park Place, Park	Street
		StPeter Port
		Guernsey
		QY1 1EE

			Unrestricted	Total	Total
			funds	funds	funds
		Note	2021 8	2021 f	2020 5
Income from:
Interest			113,175	113,175	169,192
Total income			113,175	113,175	169,192
Expenditure on:
Charitable activities			263,384	263,384	883,507
Other expenditure			121,645	121,645	188,151
Total expenditure			385,029	385,029	1,071,658
Net movement in funds			(271,854)	(271,854)	(902,466)
Reconciliation offunds:
Total funds brought	forward		1,002,720	1,002,720	1,905,186
Net movement in funds			(271,854)	(271,854)	(902,466)
Total funds carried forward			730,866	730,866	1,002,720

				2021		2020
		Note				6
Current assets
Debtors		6	2,909,823		5,689,973
Cash at bank and in hand			747,510		1,011,042
			3,657,333		6,701,015
Creditors: amounts	falling due within one
year		7	(2,926,467)		(2,881,477)
Net current assets				730,866		3,819,538
Creditors: amounts	falling due after more
than one year						(2,816,818)
Total net assets				730,866		1,002,720
Charity funds
Unrestricted funds				730,866		1,002,720
Total funds				730,866		1,002,720

			2021	2020
			6	6
Cash flows from operating	activities
Net cash (used in)/generated	from operating	activities	(263,532)	872,464
Change in cash and cash	equivalents in	the year	(263,532)	872,464
Cash and cash equivalents	at the beginning	ofthe year	1,011,042	138,578
Cash and cash equivalents	at the end of	the year	747,510	1,011,042
The notes on pages 10to 14form part ofthese financial statements

				Unrestricte	Total	Total
				d funds	funds	funds
				2021	2021	2020
				6	8
Administration		costs		8,558	8,558	19,120
Finance costs				113,087	113,087	169,031
				121,645	121,645	188,151
Auditors'	remuneration
					2021	2020
					6	E
Fees payable		to the charity's	auditor for the audit ofthe charity's	annual
accounts					6,000	6,000

	2021 8	2020f
Due after more than one year
Grants receivable		2,818,818
		2,818,818
Due within one year
Grants receivable	2,909,823	2,873,155
	2,909,823	5,889,973

		2021 8	2020f
Grants payable		2,909,823	2,873,155
Accruals and deferred	income	16,644	8,322
		2,926,467	2.881.477

				2021f	2021f	2020f
Grants payable						2,816,818
Statement of	funds
Statement of	funds - current year
						Balance at
		Balance at 1				31
		January				December
		2021f	Income f	Expenditure	f	2021f
Unrestricted	funds
General Funds - all funds		1,002,720	113,175	(385,029)		730,866

Reconcili	atio	n of net movem	ent in funds to	net cash flow from operati	ng activities
					2021	2020
					F
Net expenditure for the year			(as per Statement	of Financial Activities)	(271,854)	(902,466)
Adjustments		for:
Decrease	in	debtors			2,780,150	4,790,169
Decrease	in	creditors			(2,771,828)	(3,015,239)
Net cash	(used in)/generated		from operating	activities	(263,532)	872,454

11.	Analysis ofcash and cash equivalents
		2021 f	2020 f
	Cash at bank	747,510	1,011,042

	At 1		Other non-	At 31
	January		cash	December
	2021	Cash flows	changes	2021
	f	E	6	K
Cash al bank and in hand	1,011,042	(263,532)		747,510
Grants Payable	5,684,472		(2,774,649)	2,909,823
	6,695,514	(263,532)	(2,774,649)	3,657,333