Charlty reglstratlon numbar 1166075
Company registration number 08002661 (England and Wales)
LETZDREAM FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

LETZDREAM FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Truste0$
Mr V Bhargava
Mr M Zabeti
Charlty nUm￿r
1166075
Company number
08002661
Registered office
Kemp House
160 City Road
London
EC1V2NX
Auditor
Lopian Gross Bamell & Co
1 st Floor Cloister House
Riverside, New Bailey Street
Manchester
M3 5FS

LETZDREAM FOUNDATION
CONTENTS
Page
Trustees. report
Stslemenl of Trustees, responsibilities
Independent audilorfs report
Stalernenl of financial activities
Balance sheet
Notes to the financial statements
10-18

LETZDREAM FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
Thè trustèès présènt their annual report and financial stat&m8nts for thè yèar 8nded 31 March 2023.
The accounts have been prepared in accordan￿ with the accounting policies sel out in note 1 to the accounts and
comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and
Reporting by Ch8rities.' Slalemenl of Recommended Practice 8ppli¢able lo charities preparing their 8¢counls in
8c¢ordan¢e with the Fin8nci81 Reporting St8nd8rd 8pplicsble in the UK 8nd Republic of Ir&l8nd IFRS 1021 leff&¢live
1 January 20191" The charity is a Public Benefit Entity as d8fined by FRS102.
Objectives and activities
Th8 main objective of the charity is lo promote, encourage and support charities all over the wodd, with a focus on
harilies operating in developing countries. The charity is laser-focused on maximising impact. Every pound of
grant funds is meticulously invested in organisations with excellent teams that follow robust dala-driven slralegies.
The charity prioritises rigorous evaluation and continuous improvement, trnsuring that our inveslmtrnls generate
the greatest possible good.
The trustees have paid due regard lo guidance issued by the Charity Comfflission in deciding what activities the
charity should undertake.
All of the activities that are undertaken by the charity are for the advancement of the objectives that are outlined fully
above.
With the exception of the time given by the trustees, the charity did not require the use of volunteers during the year.
Achievements and performance
The principal activity of the ¢harity during the year was the provision of financial support to Charitable organisations
operab'ng in developing ¢ountries.
The charity's expended resources, lotslling £1,146,009 included £1,053,290 of donations lo institutions in
developing countries.
Financial review
Funding for the trust was received principally from companies related lo Mr V Bhargava, who is one of the Iruslees.
During the year, we received a subslanlial gift in the fomi of Irentall apartments and two commercial units with a
10181 value of £10.1 M. Total funds brought forward were £2.665.975. Total funds carried forward are £10,300,759 in
an unrestricted fund to preserve the continuity of operations in the event of adverse ¢ir¢umstsnces.
There is no fomial policy lo maintsin a set level of reserves. The trustees are ¢ontinu8lly looking for further funding
lo maintain a suitable level in whi¢h the charity Can continue lo operate.
The trustees continually assess the major strategic and operational risks which the charity faces and have
confirmed that systems have been established to enable regular reports to be made so that necessary steps can be
taken to lessen these risks. Regular meetings help to manage and mitigate the risks.
The principal risks facing the charity a￿ that ils funding dries up and that the projects il invests in do not achieve
their aims. The prin¢ip81 risks f8¢ing the company's subsidiary Is th81 ils investments are not re8lised or do not
produce a satisfactory relum. The ¢omp8ny's subsidiary had made a se¢ured loan alongside OakNorth bank
relying on their reputslion 8nd supposedly good risk management, which was a loss bul the Charity's ¢hair had
provided an assurance to eith&r raise the funds in ¢ase of a loss or make good the loss, and l am pleased that
despit8 the "loss" on the loan, the Charity is in much bètter financial health than evèr due lo the large incoming gift
of propèrtiès, facilitated by th8 Chair, and now has réntal in¢ome that ensurès its long tami sustainability.
Plans for future periods
The charity's aims and objectives for the future are to Continue to raise money and awareness for the projects it has
identified.

LETZDREAM FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Structurè, governance and managemènt
The charity was incorporated on 22 March 2012 and registered as a charity on 15 March 2016.
The charity is a company having no share capital and is limited by guarantee. The governing document is the
Memorandum and Articles of Association, as amended by special resolution on 10 October 2014.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to
the date of signature of the financial statements were..
Mr V Bhargava
Mr M Zabeli
The trustees may elect new members to the Board and renew rnembership on an annual basis. None of the
trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee
to contribute £1 in the event of a winding up. The charity's decisions are made by the trustees, no decisions are
delegated lo senior management.
The company's current policy concerning the payment of trade credilors is to follow the CBI'S Prompt Payers Code
(copies are available from Ihe CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DUI.
The companls current policy concerning the payment of trade creditors is to..
settle the terms of payment with suppliers when agreeing the terms of each transaction.,
ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts.,
and
pay in accordan￿ with the company's contractual and other legal obligations.
Audltor
In accordance with the companls articles, a resolution proposing that Lopian Gross Barnett & Co be reappointed
as auditor of the company will be put at a General Meeting.
Small companlès èxemptlon
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
Dlsclosura of Infomiatlon to audltor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant lo the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps lo
identify such relevant infomialion and to establish that the auditor is aware of such information.
The Trustees, report was approved by the Board of Trustees.
Mr V Bhargav8
Trustee
Date".
21 f)Jc2oQS

LETZDREAM FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2023
Thè trust88s, who are also th8 dirèctors of L8tzDr8am Foundation for th8 purpos8 of company law, are rèsponsiblè
for preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practieel.
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of Ihe state of affairs of the charity and of the incoming reSoUr￿S and application of resources, including ihe
income and expendilure, of the charitable company fDr thal year.
In preparing these financial statements, the Iruslees are required to..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial slalements,. and
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al
any time the fin8n¢ial position of the charity and enable them lo ensur& th81 the fin8n¢ial stslemenls comply with the
Companies Act 2006. They are also responsible for safeguarding the 8ssels of th& charity and hence for tsking
reasonable steps for the prevention 8nd del&clion of fraud and other irregularities.

LETZDREAM FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF LETZDREAM FOUNDATION
Oplnlon
We have audited the financial statements of LetzDream Foundation (the 'charity'l for the year ended 31 March 2023
which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the
financial statements, induding significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of I￿land (United
Kingdom Generally Accepted Accounting Praclicel.
In Dur opinion, the financial statements-.
give a true and fair view of the stale of the charitable company's affairs as al 31 March 2023 and of its
incoming resources and application of resources, for the year then ended,.
have been properly prepared in accordance with United Kingdorll Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on ALJditing IUKI IISAS IUKI} and applicable
law. Our responsibilities under those standards are further described in the AuditoPs responsibilities for the audit of
the financial statements section of our report. We are independent of the charily in accordance with Ihe ethical
reqLJiremenls that are relevant to our audit of Ihe financial statements in the UK, inclLJding the FRC'S Ethical
Standard, and we have fLJlfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In audiling Ihe financial statemenis, we have concluded Ihal 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
Condilions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
CDncem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Iruslees with respect to going concem are described in the
relevant sections of this report.
Othèr information
The other information comprises the infomiation included in the annual report other than the financial statements
and our auditorfs report thereon. The Iruslees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion Ihereon. 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 obtsined in
the course of the audit, or otherwise appears lo be materially misstated. If we identify such rllalerial inconsistencies
or apparent material misstalemenls, we are required lo determine whether this gives rise to a material missl8lemenl
in the financial stslemenls themselves. If, based on the work we have perforrned, we conclude that there is a
m8leri81 missl8lemenl 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 lo report in respect of the following matters in relation to which the Charities IAccounls and
Reports) Regulations 2008 require us lo report lo you if, in our opinion..
the information given in the finanryal statements is in¢onsistent in any material respect with the Trustees,
report., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records., or
we have not ￿ceIVed all the information and explanations we require for our aLJdit.

LETZDREAM FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LETZDREAM FOUNDATION
Responslbllltlès of trusteès
As explained more fully in the statement of Trustees, responsibilities, the trustees, who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary lo
enable the preparation of financial statements that are free from rnaterial misstatement, whether due lo fraud or
error. In preparing the financial statements, the trustees are responsible for assessing the charity s ability lo
continue as a going concem, disclosing, as applicable, rnatters related to going con￿rn and using the going
concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic allernalive bul to do so.
Auditorfs 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 Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatemenl, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordan
with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or
e￿or and are considered material if, individually or in the aggregate, they could reasonably be expected to influen
the economic decisions of users taken on the basis of these financial stalernents.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Irregularities, induding fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, 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 obtained an understanding of laws and regulations that affect the entity, focusing on those that had a direct
effect on the financial statements or that had a fundamental effect on its operations.
Where considered necessary we enquired of the those charged with governan￿, reviewed corresponden
and reviewed meeting minutes for evidence of non-compliance with relevant laws and regulations.
We gained an understanding of the controls environment which includes the controls in place to prevent and
delecl fraud. We enquired of the those charged with governance about any incidences of fraud that had taken
place during the accounting period.
The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team
and tests were planned and performed lo address these risks.
We reviewed financial slalemenls disclosures to assess compliance with relevant laws and regulations.
We enquired of those charged with govemance about actual and potential liligalion and claims.
We performed analytical procedures lo identify any unusual or unexpe¢ted relationships that might indicate
risks of material misststement due to fraud.
In addressing the risk of fraud due lo management override of intern81 controls we lesled the appropriateness
of journal entries and assessed whether the judgements made in making a¢¢ounting eslimales were indicative
of a potential bias.
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatemenis in the financial statements, even though we have properly planned and performed our audit
in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection
of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of
internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and
cannot be expected to detect all fraud and non-compliance with laws and regulats'ons.

LETZDREAM FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF LETZDREAM FOUNDATION
A furth8r description of our responsibilitles is available on thè Financial Rèporting Council's w8bsit8 at.. https.'Il
www.frc.org.uklaLJditorsresponsibilities. This description forms part of our auditovs report.
Usè of our roport
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 stale lo the charity's Iruslees
those matters we are required lo stale to them in an auditor's 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 the charity's
trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Nathaniel Davidson BAIHonsl ACA (Senior Statutory Auditor)
for and on behalf of Lopian Gross Barnett & Co
27112123
Chartered Accountants
Statutory Auditor
1st Floor Cloister House
Riverside, New Bailey Street
Manchester
M3 5FS
Lopian Gross Barnett & Co is eligible for appointment as auditor of the charity by virtue of its eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.

LETZDREAM FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unre$trlcted Unre$trlcted
funds
funds
2023
2022
Notes
Income from-
Donations and1oga¢ies
Inveslments
10,160,000
180,793
1,258,842
Total income
10,340,793
1,258,842
Charitable activities
Other expenditure
1,146,009
1,500,000
478,381
10
Total expenditure
2,646,009
478,381
Net losses on investments
11
160,0001
Net Income and movement In funds
7,634,784
780,461
Reconciliation of funds..
Fund balances 811 April 2022
2,665,975
1,885,514
Fund balances at 31 March 2023
10,300,759
2,665,975
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

LETZDREAM FOUNDATION
BALANCE SHEET
ASAT31 MARCH 2023
2023
2022
Notes
Flxèd assets
Investment properties
Investments
13
14
10,100,000
100
100
10,100,100
100
Current assets
Debtors
Cash at bank and in hand
15
165,204
138,288
1,505,780
1,162,408
303,492
2,668,188
Credltors.. amounts falllng due wlthln
one year
16
1102,8331
12,3131
Nel current assets
200,659
2,665,875
Total assets less current liabilities
10,300,759
2,665,975
Income funds
Unrestricted funds
Designated funds
eneral
18
10,300,759
2,665,975
10,300,759
2,665,975
10,300,759
2,665,975
The company is enlilled lo the exemption from the audit requirement ¢onlained in section 477 of the Companies Act
2006. for the year ended 31 Mar¢h 2023, although an audit has been ¢arried out under section 144 of the Charities
A¢t2011.
DireclorslTruslees acknowledge their responsibilities for ensuring that the charity keeps accounting records which
comply with section 386 of the Act and for preparing financial stslemenls which give a true and fair view of the slate
of affairs of the company as al the end of the financial year and of ils incoming resources and application of
resources, including ils income and expenditure, for the fin8ncial year in accordance with the requirements of
sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial stslemenls, so far 8$ 8ppli¢8ble lo the ¢omp8ny.
The financial ststements were approved by the Trustees on .
21112123 .
Mr V Bhargava
Trustee
Company registration number 08002661

LETZDREAM FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Notes
Cash flows from opèratlng actlvltlès
Cash (absorbed byllgenerated from
operations
21
11,204,913)
770,541
Investing activities
Inveslmenl income received
180,793
Net ¢ash generated fromllused inl
Investlng a¢tlvltles
180,793
Net cash used in financing activities
Nat Idacreasallincreas8 in cash and cash
equivalents
11,Q24,1201
770,541
Cash and cash equivalents al beginning of yoar
1,162,408
391,867
Cash and cash equivalents at end of year
138,288
1,162,408

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Aecountlng pollcl•$
Charity inforniation
LetzDream Foundation is a privata company limitèd by guarantè8 incorporatèd in England and Walès. The
registered office is Kemp House, 160 City Road, London, EC1V 2NX.
1.1 Accounting convention
The financial statements have been prepa￿d in accordance with the charity's governing document, the
Companies Act 2006 and A¢¢ounting and Reporting by Charities.. Statement of Re￿MMended Pra¢ti
applicable to charities preparing their accounts in a¢cordan¢e with the Financial Reporting Stsndard
applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191.. The charity is a Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial slalemenls are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified lo include the
revaluation of freehold properties and lo include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are sel out below.
1.2 Going concern
Al the time of approving the financial stalemenls, the trustees have a reasonable expectslion that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charitsble funds
Unrestri¢ted funds are available for use at the discretion of the trustees in furtherance of their charitsble
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject lo specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
In¢ome is recognised when the ¢harity is legally entitled lo il after any performan￿ ¢onditions have been met,
the amounts can be measured reliably, and il is probable that in¢ome will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions reqLJire deferral of the amount. Income tax recoverable in
relatlDn to donations received under Gift or deeds of covenanl is recognised at the lime of the donation.
Legacies are recognised on receipt or othen￿lSe if the charity has been notified of an impending distribution,
the amount is known, and re￿Ipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
1.5 Expenditure
Unrestricted funds are available for use at the discretion of th8 tmstees in furtherance of their Charitsble
objectives.
10-

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
Icontinuedl
Cost of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its aclivities and
services for its beneficiaries. It includes both costs that can be directly attribuled lo particular headings they
have been allocated to activities on a basis consistent with the use of resources.
1.6 Investment property
Investment property, which is property held lo earn rentals andlor for capital appreciation, is initially
recognised al cost, which includes the purchase cost and any directly attributable expenditure.
Investment propety acquired by way of donation is ini118lly recognised al fair value.
Subsequently, they are measured al fair value at the reporbng end date. The surplus or deficit on revaluation
is recognised in profit or loss.
Property rented to a group entity is accoLJnted for as tangible fixed assets..
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured al fair value at each reporting dale. Changes in fair value are recognised in nel
incomellexpendilurel for the year. Transaction costs are expensed as incurred.
A subsidiary IS an enlily controlled by the Charty. Control is the power lo govern the fin8n¢i81 and operating
policies of the entity $0 88 lo obtain benefits from its 8¢tivities.
1.8 Cash and ¢a$h equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabililies.
1.9 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the CharIt￿S balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial slalerllenls, when
there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a nel
basis or lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslitules a financing Iransaclion, where the transaction is
measured al the present value of the future receipts discounted at a market rale of interest. Financial assets
classified as receivable within one year are not amortised.

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
Icontinuedl
Basic financial liabilitias
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless
the arrangement conslitules a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rate method.
Trade creditors are obligations lo pay for goods or servi￿5 that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are Classified as current liabilities rf payment Is due within one
year or less. If not, they 8r& presented 8$ non-¢urrenl li8bililies. Trade creditors are recognised initially al
trans8¢tion price and subsequently measured 818mortised ¢osl using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
ancelled.
1.10 Employee benefits
The cost of any unused holiday enlillemenl is recognised in the period in which the employee's services are
received.
Termination benefits are ￿CognIs￿d immtrdiately as an expense when the Charity is demonstrably Committed
to terminate the employment of an employee or to provide termination benefits.
Critical accounting estimates and judgements
In the application of the charity's accounting Policies, the trustees are required to make judgements, estimates
and assumptions about the carying amount of assets and liabilities that are nol readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these estimates.
The estimates and underlyin9 assumptions are reviewed on an ongoing basis. Revisions lo accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and Iogacias
Unrestricted Unrestri¢ted
funds
funds
2023
2022
Donations and gifts
10,160,000
1,258,842
12-

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Incom• from Invastments
Unrestricted Unrestricted
funds
funds
2023
2022
Rental income
180,793
Expenditure on charitable activities
Other costs
Grant
funding
2023
Totsl Other costs
Grant
funding
2022
Total
2023
2023
2022
2022
Direct ¢osts
Grant funding of activities
(see note 61
1,053,290 1,053,290
472,058
472,058
sha￿ of support and governan¢e Costs (see note 71
Governance
92,719
92,719
6,323
6,323
92,719 1,053,290 1,146,009
6.323
472.058
478.381
Analysis by fund
Unreslricled funds
92,719 1,053,290 1,146,009
,323
472,058
478,381
Grants payable
Grant
funding
2023
Grant
funding
2023
Grants to institutions=
IDinsight Inc
J-PAL
Donations Returned
Veddis Foundation India
SPECTRA India
342,344
389,861
182,415
292,120
12,4771
236,397
84,688
1,053,290
472,058

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support Costs allocated to aetlvltlès
2023
2022
Governance costs
92,719
6,323
Analysed between=
Other costs
92,719
6,323
2023
2022
Govemance costs comprise:
Audit fees
Bank charges
Professional fees
8,OC>O
1,939
82,780
2,385
188
3,750
92,719
6,323
Trustees
None of the trustees lor any persons ¢onne¢led with them) received any remuneration or benefits from the
Charity during the year.
None of Ihe trustees lor any persons connected wilh them) received any reirnbursernents of expenses from
the charity dLJring the year.
Employees
The average monthly number of employees during the year was..
2023
Numb&r
2022
Numbar
Totsl
There were no employees whose 8nnu81 remuneration was more th8n £60,000.
10 Other expenditure
Unrastrlctod Unrestrlcted
funds
funds
2023
2022
Loan write offs
1,500,000
1,500,000
14-

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
11
Galns and lossas on Investmants
Unrestricted Unrestricted
funds
funds
2023
2022
Gainslllossesl arising on..
Revaluation of investment properties
160,0001
12 Taxation
The charity is exempt from tsxation on its activities because all its income is applied for ¢haritsble purposes.
13 Investment property
2023
Fair value
Al 1 April 2022
Additions through external acquisition
Nel gains or losses through fair value adjustments
10,160,000
160,0001
Al 31 March 2023
10,100,000
Investment property comprises £10,100,000 land and building 12022.. £0) The fair value of the investment
property has been arrived al on the basis of a valuation carried out within 12 months of the year end by Life
Residential & Rose Co, who are eslale agents not connected with the charity. The valuation was made on an
open market value basis by reference lo market evidence of transaction prices for similar properties.
14 Fixed asset investments
Other
investments
Cost or valuation
At 1 April 2022 & 31 March 2023
100
Carrylng amount
Al 31 March 2023
100
Al 31 March 2022
100
2023
2022
Other investments comprise..
Notes
Investments in subsidiaries
20
100
100

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
15 Dabtors
2023
2022
Amounts falling due within one year:
other debtors
Prepayrnenls and accrued income
142,773
22,431
5,780
165,2(14
5,780
2023
2022
Amounts falling due after more than one year:
Other debtors
1,500,000
Total dèbtors
165,2Q4
1,505,780
16 C￿dItOrs= amounts falling due within one year
2023
2022
Notes
Deferred income
other creditors
Accruals and deferred incorne
17
81,163
13,357
8,313
2,313
102,833
2,313
17 Deferrgd incomo
2023
2022
Other deferred income
81,163
Deferred income is included in the financial slalements as follows..
2023
2022
Dtrferrtrd income is included within..
Current liabilities
81,163
Movements in the year..
16-

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
17 Deferred income
Icontinuedl
Deferred income at 1 April 2022
Resources deferred in the year
81,163
Deferred income at 31 March 2023
81,163
18 Unrestricted funds
The Ljnrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not SLJbject lo specific conditions by donors and granlors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2022
In¢oming
$our¢es
Re$our¢es
expended
Gains and At 31 March
losses
2023
Unrestricted Fund
2,665,975
10,340,793
12,646,009)
160,0001 10,300,759
Previous year=
At 1 April
2021
In¢oming
resour¢es
Resour¢es
expended
Gains and At 31 March
losses
2022
Unreslricled Fund
1,885,514
1,258,842
1478,3811
2,665,975
19 Related party transactions
There were no disclosable related party transactions during the year12022 - none).
20 Subsidiaries
Detsils of the charills subsidiaries al 31 March 2023 are as follows..
Nam• of undertaking
Registered
office
Natura of businass
Class of
shares held
Y• Held
Kantor Limited
United Kingdom Investment company-
Ordinary
DebVEquity investments in realshares
estate
100.00

LETZDREAM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
21 Cash gènerated from opèratlon$
2023
2022
SurplLJS for th8 yèar
7,634,784
780,461
Adjustments for..
Investment income recognised in ststement of financial activities
Investment property received at fair value
Fair value gains and losses on investment properties
1180,7931
110,160,000)
60,000
Movements in working capital..
Decreasellincreasel in debtors
In¢re8selldecre8sel in Creditors
Increase in deferred income
1,340,576
19,357
81,163
15,7801
14,1401
Cash lab50rbed by}Igenerated from operations
11,204,913)
770,541