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