THE SWIIS FOUNDATION CHARITY NUMBER 1164705 TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
THE SWIIS FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trust8es are pleased to present their annual Trustees, rewl together wh Ihe linanckel stalements tsf the charity for the year ended 30 September 2024. Thè financial Statements comply with the Charities Act 2011, and A¢o)unling and Reporting by Ch8rities'. Ststement of Recommended practi applicable to charities preparing their accounts in accordan with FRS 102. REFERENCE AND ADMINISTRATION DETAILS Tru¥tees Gurd8v Dadra Kamla Dadral Timothy Notchell Prlnclpal Offic• 4th Floor Prince House 43-51 Princ8 Straèt BS14PS Soll¢ltors BDB Pitmans LLP 50 Broadway London SW1H OBL R•gist•rad Charlty Numb&r 1164705
THE SWIIS FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 STRUCTURE The SWIIS Foundation (the CIO) was established on 4 December 2015 as a CharitabFe Incorporated Organisalion. The CIO'S govémiT¥J document Is Its Constrtution IFound8tion Model) dmted 4 Decetnber 2015. Th8 CIO is registered with the Charity Commission for England and Wales under Charity Number 1164705. CHARITABLE OBJECT The object of the CIO as stated in rts Constitution is restric18d sp8cific8lly to thè application of CIO hthnds, &t such time or times and in such a maFillgr, for the public benefit a5 the charity trustees may in their discretion think fil for any exclusively charitable objects and purposes in any part of the world. APPOINTMENT OF TRUSTEES Trustees are appointed #i accordan with the Consts"tution of Ihe CIO. a copy of which is held 8t the CIO'S principal address and which tnay b8 inspected by appointment. ACTIVITIES T* Trust88s plan on fflaking charitable grants in a¢cordance with the CIO'S object, but none were made during the period covered by these accounts. Th8 Trustees havè had due waid to the Charity Commission's guidance on t)ublic benefit in èxércising th61r powers and duties. FINANCIAL REVIEW The CIO is domant and has nol yet carried out any actlvities as it is in the process of opening a bank account. Accordingly. the CIO held no Cash at the end of the period. RESERVES POLICY Glven that the CIO hes remained dorrnanL it had no reserves as at 30 Septernber 2024. EXEMPTIONS FROM DISCLOSURE Thèrè ara no 6xemptions.
THE SWIIS FOUNDATION TRUSTEES. REPORT FOR THEYEAR ENOED 30 SEPTEMBER 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are re5ponsibl8 for preparing the Tnjstees, Report and the financi81 5taterneTIts in accordance wlth appllcable 18w and United Kingdom Accounung Standards (United Kingdorn Generally Accepted Acwunting Practice). The Trustees are required to prepa ffinancial statements foT each financi21 year which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources, including the income expenditure, of the CIO for that period. In preparing the58 financial statements, the trustees are required tts". Sdect suitable accounting Fkjlicies and then 8ppty thgrn consistenlly.. Observe the methods and principles in the Charities SORP., MakejLsdgements and esbrnaies that are asOnable and tyudenl,. State whether applicable UK Accountino standards have been followed. subject to any material departures disclosed and explained in the financial siatements", Prepar• the finandal statetrths on the goitYJ concern basls unlass It Is Inappropriatè to pr8surne that the CIO will Continu8 in business. The Trustees are responsible keeping proper accounting records that disck>se with reasonable accuracy at any tlma the finan¢i81 posthon of the CIO and enable thtrm to ensure that the finaF)cial stslÈments Comply with the Charities IAco)unts and Reports} Regulation5 2008 issued under the Chariti8s Act 2006 Inow Charities Act 20111. They are also responsible for safeguarding the assets of the CIO and hence for takin9 reasonable Steps for the prevention and d8tection of fraud and other Iregularities. On behalf of the Trustees Tirnothy Notchell Date: 25 June 2025
THE SWIIS FOUNDATION STATEMENT OF FINANCIAL AcnviTIES for the year ended 30 September 2024 Noto$ Unrestrlctgd Funds 2024 Total Fund5 Unrgstrlctsd Funds Total Funds 2023 Incomè and Exnditra 2024 2023 Inc0rn8 and Endowments from.. Capital receipts Income receipts". Deposit Interest Expendlture on: cttaritsb expenditure.. Grants payable Management and 8dminlstraOon of the charity Total experbditure Net Incomel lexpendlturel Re¢on¢llla¢lon of Funds Balancès brnught forward at 30 September 2023 Balances carried forward al 30 Septembgr 2024 The notes on pagg$ 6 and 7 form part of the financial stat8m8nt5
THE SWIIS FOUNDATION BALANCE SHEEr 30 September 2024 Not•s 2024 2023 Current Assèts Cash at bank Not Assèt$ Funds= UnrestriciÈd Fund The notes on pages 6 and 7 fom part Dfthe financial statemènts Approvèd and slgnod on behalf of the truste85 by.. Tlmothy Not¢h•ll Dat•.' 25 Jun8 2025
THE SWIIS FOUNDATION Notes fomiing part of the financial statom8nts for the year ended 30 Sèptember 2024 1. PRINCIPAL AccoullNG POLICIES Ac¢ounfing Convention The financial statements hava been prèpared in accordance wlth th8 Staternent of Recommen(Jed Practice applic8ble lo charities preparing th8ir accounts in accordancè with th8 FRS 102 (Charities SORP FRS 1021 effective 1 January 2019. Incomlng Resourcos Voluntary income is recorded when received. Resourcès Expended Expenditure Is actnt8d for on an accruals basis. Donations and grants are r8cordgd when the trustees have m8de the decision to pay them, unless the donations or grants are sublèet tt> condilH)ns being fu1fi118d. FundAccounting Unrestricled funds gre those 1¢ are used for the general advanc8m8nt of Ihe CIOS objectives. During accounting period there wei8 no tr8nsactions. 2. DONATIONS RECEIVED- CAPITAL RECEIPT 2024 2023 No donations wèra received in the year end1 30 September 2024 3. INTEREST Ipakl gross} 2024 2023 No Inter&at was re1veI In the pfyrfod ended 30 September 2024
THE SWIIS FOUNDATION Notes fomilng part of the financlal statements for thè year ended 30 Septembèr 2024 HARITABLE EXPENDITURE 2024 2023 GRANT PAID No grdnts were made in the year ended 30 Septernber 2024 MANAGEMENT AND ADMINISTRATION OF THE CHARITY l$upport ¢ostsl IE¥pendable Endowment Fund) 2024 20rJ No administratK*n costs were taken in the year endj 30 September 2024 DISCLOSURE OF TRUSTEES REMUNERATION. BENEFITS AND EXPENSES None ol the trustees have beeft pkid any remuneration or received any other benefits from the CIO or 8 rdated gntity. no trustee expenses have been incurred and nor have there been any related party transacknfts in the reporting period th8t require discbsur&. 5. CURRENT ASss l¢ash at bank) 2024 2023 No cash or bank account as at 30 Sgpterfiber 2024