REGISTERED CHARITY NUMBER: 1152876 REGISTERED COMPANY NUMBER 08331746 THE GOIJ)EN HELIX FOUNDATION YEAR EIYDED 31 DECEMBER 2024
Page I THE GOLDEN HELIX FOUNDATION REGISTERED CHARTfY NUMBEIL. 1152876 REFERENCE AND ADMfNiSrRAT DETAIIS a) Regvtere41 AddTrsJ: Amold Hill & Co LLP 6 Floor, Capital Tower 91 Waterloo Road JA)ndon SEI 8RT b) Board of Trustea: Ms Christina Mitrop)ulou Dr Darrol Baker Dr Georgios Patrinos Ms Aikaterini Patrinou (appointed 2 January 2024) c) Aeeountants: Arnold Hill & Co LLP Floor. Capital Tow¢r 91 Waterloo R(wd London SEI 8RT d) Bankern. Royfil Bank of Scotlaod 36 St Andrew Square Edinburgh EH2 2YB
Pasc 2 THE GOLDEN HELIX FOUNDATION DIRECTORS, AND TRUSTEES? REPORT YEAR ENDED 31 DECEMBER 2024 The Trnstee& who are also directors of the company. present the financial stat¢rnents of The Golden Helix Foundation ( the Charity ) for the year ended 31 December 2024. They hav¢ b¢¢n prepared in accordance with the aecounting policies set out in note I to the accounts. in compliance with the Charity s Articles of Association. th¢ Companies Act 2006 2nd the Statement of Recommended Practice, Accounting and Reporting by Chariti¢s" applicable to charities pr¢paring their accounts in accordance with the Financial Reportins Standard applicable in the UK and Republic of Ireland (FRS102) effective from January 2019. OBJE1V$ AND ACTIVITIES The objectives of the Charity are to advance education in the area of genome and personalised rnedicine by promoting the development of research and the transfer and communication of knowlcdge from r¢s¢archers 2nd scientists in the wider scientific cornmunity through collaborattve projects and conferences in the field of pharniacogenomics and personalised medicine. Th¢ Trustees have paid due regard to guidance issued by the Charity Commissxon in de¢iding what activities the company should undertake. ACHIEVEMENTS AND PERFORMANCE The Trustees provided public benefit by providing education and training to the general public in the area of genome and personalised medicine. through the organisation of a bi-annual summer school wh¢re Sdents can learn from genomic medicine swialists. FINANCIAL REVIEW The Charity generated a surplus during the year of £30,861 (2023: d¢ficit of £25,514). The reserves h¢ld at the year•end amounted to a surplus of£26.713 (2023: a deficit of £4.148) and held to meet the Charity's obj¢¢tiv¢s. The Charity is SUPPOrted by the Trustees to ensure that it Can continue as a going concern. Based on this support th¢ Charity can fulfil its obligations and there are no major risks to the Charity. GOVERNALYCE AND MA,YAGEMENT The Trustees May appoint any person to be one of their numlxr. The Trustees review the knowled8e and experience of the Trustees and identify training needs on appointment. Suitable training will be provided if required.
Page 3 THE GOLDEN HELIX FOUNDATION DIRECTORS, AI¥4D TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 STATEME OF TRUSTEES, RLspoNSIBILITIES The law applicable to charities in England & Wales requires the trustees to Prepare financial stafrments for each year which give a tru¢ and fair view ofthe Charity s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving atrue and fair view, the trust¢es should follow best pra¢tice and: Select suitable accounting policies and then apply them consistrntly: Make judgements and estimates that are reasonable and prudent. State whether applicable ac¢ounting standards and stst¢ments of recommended practice have been followed. subject to any departures disclosed and explained in th¢ fllmncial stat¢m¢nts' and Prepare the financial statements on the going nCern b&8is unless it is inappropriate to presume that the Charity will continue in opernlion. The trustees resp)nsible for keeping accounting rewrds which dis¢lose with reasonable a¢¢uracy the financial position of the Charity and which enable them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements Comply with applicable law, r¢gulations and trust deed. They are also responsible for safeguarding assets of the Charity and hen¢e for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trust¢¢& who are also the directors for the purpoK of company law, and who served during the year and up to the date of the signature of the financial statements were: Ms Christina Mitropoulou Dr Georgios Patrinos Dr Darrol Baker Ms Aikaterini Patrinou (appointed 2 January 2024) This report has been prepad in accordance with th¢ special provisions relating to small companies within Part l5 of the Companies Act 2006. Approved on behalf of the Board on . Patrinos Director / Trustee
Pase 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOLDEN HELIX FOUNDATION YEAR ENDED 31 DECEMBER 2024 I report on the accounts of the Tnbst for the year ¢nded 31 Dec¢mr 2024 which are set out on pages 5 to 10. RLSPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER As the Charity"'s tru.stees you are responsible for the preparation of the accounts" you consider that the audit requirements of $145 of the Charities Act 2011 (Ihe ?01 l Acl) and Part 16 of the Compani¢s Aci 2006 do not apply and that an independent examination is needed. It is m>, responsibility to e.wnine tlie accounts under section 145 of the 20 I l Act and to state, on the basis of procedures specified in the G¢n¢rnl Directions given by the Charity Commissioners under $145(5)(b) of the 201 l Ac( whether particular matters have come to my attention. BAS OF INDEPENDENf EXAMINER'S REPORT My examination was carried out in COrdance with th¢ General Directions siven by th¢ Cknty C•)mmigsion. An examination includes a vieW of the accounling records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerntion of any unusual items or disclosures in the accounty and the seeking of explanations from you as trustees Concerning any such matters. The procedures undertaken do not pmvide all the eviden¢¢ that would be requircd in an audit art wnscquently, no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement Ixlow. INDEPEI¥DENT EX4MINERS' STATEMENT In ¢{neCtIon with my examination, no matter has come to my attention: ( l ) which gives me reasonable caus¢ to believe thaL in any terIall respecL the requirements." to keep accounting reeords in accordance with s130 of the 201 l ACL and to prepare accounts which accord with the accounting records and to comply with the a¢counting requirements of the 2011 Act have not be¢n met: or (2) to which. in my opinion, attention should be drawn in order to ¢tble a prOr undeT5tanding of the accounts to be reached. Arnold 11 & Co LLP Chartered Accountants and Registered Auditors 6 Floor, Capital Tow 91 Waterloo Road London SE18RT
Pag¢ 5 THE GOLDEN HELIX FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 No Ye•r Ended 31 Dtcember Year li nded 31 D¢¢ember 2024 2023 INCOME AND ENDOWMEi¥TS FROM Donations and legacies 147.795 26.944 Total Income and endowments 147.795 EXPENDVRE ON Charitable activities 116934 52.458 Net incomel(expenditurey 30.861 (25.514) Resources brought foThvard (4.148) 21J66 26.713 (4.148) All the Charity'5 activities are Class a5 Continuin& The Charity had no recognised surpluses or d¢fi¢its other than the surplus £30.861 for the year. The notes on pag¢s 7 to l O forni part of these financial staternents.
Pag¢ 6 THE GOLDEN HELIX FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes CURRENf A&SETS Dcbtors Cash at Bank 25.351 88.639 26,588 39.024 113.990 65.612 LESS: CURRENr LIABIUTIES Crolitors (87277) (87277) (69,760) (69.760) (4.149) (4,148) NET CVRRENfASSETS 26.713 TOTAL ASSEIS LKSS CURR LIABILITIKS 26.713 REPRESENfED BY Resources brought forward Net deficit for the y&8r (4.148) 30.861 26,713 21J66 (25.514) 4,148) For the financial year ended 31 December 2024 the company w&s entitw to exemption from audit under section 477 Companies Act 2006. No mernber of the company has dwited a notiK pwsuwrt to se£tion 476. requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their responsibilities for ensuring that the company kws aetouthg records which compty with secti(m 386 of the Act and for preparing financial statements which give a tn* a1 fair vi¢w of the state of affair5 of company as at the end of the financial year and of its profit or loss for the f]CIal year in accorthce with tFr Tequirements of sections 394 and 395 and which OtheSe comply withthe requirements of the ComFleS Act 26 relating to ac£ounts. so far as applicable to the company. Approved by the Board and authorised for i&sue on . G PA.TRINOS Dire¢tor l Trustee C MITROPOULOU Dire¢tor l Trustee Company registered number 08331746 The notes on pages 7 to l O fomi part of th¢s¢ financi stst¢m¢nts.
Page 7 THE GOLDEN HELIX FOUNDATION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIE5 a) Basis of preparations The financial statements have been prepared in accordance with the Charity's governing documenL the Companies Act 2006 and ':Accounting and Reporting by Charities: Stat¢m¢nt of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)" (as amended for accounting P¢Tiods comm¢ncing from l January 2019). The Golden Helix Foundation eonstitufrs a publi¢ b¢n¢fit entity as defined by FRS 102. The accounts have departed from the Charities (Accouftts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of ReMMended Prn¢tice for ch8riti¢s applying FRS 102 rather than the version of the Statem¢ntof Ilecommended Prnctic¢ which is reTt¢d to In the Regulations, but which since been withdrawn. The financial statements are prepared in sterlin& which is the functii)nal currency ofthe company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepar¢d under the historical c05t convention. The disclosure requirements of section l A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. b) IDeomiDg Resource8 All incoming resources are accounted for when the Charity has entitlementto the funds, receipt is probable, and the amount is measurable. ¢) Going Concern The Trustees have reasonabk expectation that the Charity has adequate resources to Continue in operational existence for the foreseeAble tllre. Thus, they continue to adopt the going concern basis in preparing the annual financial statements. d) Resoureej expended 4•d support coyts Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered
Pag¢ 8 THE GOLDEN HELIX FOUNDATION NOTES TO THE FINANCIAL STATEMEIYTS YEAR ENDED 31 DECEMBER 2024 e) Financigl A&sets Financial assets are recognized in the Charity's balance sheet when th¢ Charity 1ComeS party to the contractual prnvisions of instrumenL Basic financial assety which include trade and other receivables and cash and bank balances. ar¢ initially measured at transactions price including trsactIon costs. Finala] assets are derecognized only when the contractual ri8hts to the cash flows from the assets expire. or when it tKansf¢rs th¢ finaTr¢ial assets and shlY dl th¢ risks and Mvards of ownership to another entty. fj Finaneial tAabditkJ Basic financial liabilittes are initialty measured at transaction price. Financial liabilities are derewgnized Whe and onty when. the Charity's obligations are discharges cancell4 or they expire. Taxation No provision has been made for taxation as the Charity is a public benefit entity which is exenipt from UK direct taxation on its charitable activities. DONATI(hYS AND LEGACIES 2024 Grants and gift5 147.795 147 795
Pa8e 9 THE GOLDEN HELIX FOUNDATION NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 DECEMBER 2024 3. EXPEI¥DITURE ON CHARITABLE ACnv1Fs 21124 Travelling MedieAI Seminar 19.380 20J92 33.25 26,571 Other TranSYS project costs Accountancy 1,657 1.104 1.669 270 Rent 11.998 9.660 7.079 l And professional fees sU1ry expIseS 19,664 116934 l5.83l 52.458 No In received remuneration for their work tntstees. During th¢ cunent year. Christina MitrOUl0ll received remunerntion for her WO on the TraftSYS project There were no employees in the year 4. DEBTORS 2023 25J51 2Q588 25.351 26.588 5. CREDITORS 2024 2023 Arua]S 2,560 84.717 2,500 Other ¢reditors 87.277 69.760
Page 10 THE GOLDEN HELIX FOUNDATION NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 DECEMBER 2024 6. RELATED PARTY TrANSACTIONS Georgios Patrinos and Christina Mitropoulou, directors and trnstees of the Charity, paid traveL acrA>mmodation and subsistence expenses on behatfofthe Charity totalling £48.289 duringthe year (2023.. £49,401). These exp¢nses are subsequently reimbursed by the Charity. As at 31 De¢¢mber 2024. the Charity owes Mr Patrinos and MS Mitropoulou £84.308 (2023: £66,885). 7. coNfROL Th¢ Charity is ntrOlled by its Trustee