REGISTERED CHARITY NUMBER: 1170844 Rewt oftheTrY5t and Unaudited Financial Slatements for the Year Ended 31 Oecember 2023 THE MARK GLASER FOUNDATION Sandison Lang Limited 2 St Marys Road Tonbridge Kent TN9 2LB
THE MARX GLASER FOUNDATION Contents of the Flnanclal Statenlents ft>rthe Year Ended 31 Dtcember 2023 Report ofthe Tru5tee5 I to 2 sement of Fln•nclal Adivltles B•l•nce She Noles to the Fln•nd•l 5t•tements 5 to 10 Detalled Stalement of Flnanclal Actl¥ltles li
THE MARK GLASER FOUNDATION Report of the Trustees for the Year Ended 31 December 2023 The trustees present their report with the financial statement5 of the charty for the year ended 31 December 2023. The trustees have adopted the provisions of Accounling and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 (effective l January 20191. oBJEIVEs ANO AcrivtriES Objertives and aims l.Advancement of the Jewish Religion. 2.To promote harmony, tolerance and understanding between people of different religions 3.To promote research into causes and treatment of all type5 of cancer 4. The relief of persons in need suffering from cancer and other diseases. Si8nificant activities During 2023. the tru5tee5 continued their focus on the prodLJCtion of videos to disseminate informatton in relation to cancer research. In addition. the trustees conSided means of raising capital to fund future donations and obtained the Charity COMMS1On'S consent for Dr Glaser to purchase a proportion of the Foundation's interest in 14 Campden Stet. FINANCIAL REVIEW Reserves policy Maintain sufficient reserves to cover the running expenses of the charity. FUTURE PLANS Into 2024. the trustees intend to complete the purchase of the Inte$t in 14 Campden Street STRUCTURE. GOVERNANCE AND MANAGEMEr Governin8 document The charity is controlled by its goveming dc(ument, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Re8lStered Charity number 1170844 Principal address Colman Coyle Solicitors We115 House 80 Upper Street London NIONU Trustees Professor M G Glaser N V Curbt50n R Coyle l Felice Page I
TrIE MARK GiASEft FOUNDAnoN Report of the Trustees forthe Year Ended 31 December 2023 Approved by order of the board of triistee5 On ... . and $4fned on its behaff by: Professor M G Tnjstee Page 2
THE MARK GLASER FOUNDATION Ststement of Financial Acti¥it•e5 lor the Year Ended 311)e¢ember 2023 2023 Unrestricted fvnd Total funds 2022 Notes INCOME AND ENDOWMENTS FROM Investment income 16,488 EXPENDITURE ON Raising funds 13,459 15,164 Charitsble artivities Grant to organisat40n 52X 23.¢XKJ Other 10,783 7.794 Totsl 76.242 45,958 NET INCOmE/IEXPENDuAE} 176,2391 129,4701 RECONCILIATION OF FUNDS Total funds brou8ht forward 471,059 5LKJ.529 TOTAL FUNDS CARRIED FORWARD 394.820 471.059 The note5 forrn part of these financial statements P8ge 3
THÉ MARK GtASEA FOUNDATION Balance Sheet 31 Oecember 2023 2023 Unrestrfrted lund Total funds 2022 Note5 FIXED ASSETS Tangible assets 41X),(XX) 440,C( CURRENT ASSETS Debtors Cash at bank 19,(KKI 13,339 32,339 CREDITORS Amount5 falling due wiihin one year {5.5601 11,2801 NET CURRENT ASSErs 15.180} 31,059 TOTAL ASSETS LESS CURRENT UABIUTIES 394,820 471,059 NET ASSETS 394.820 471,059 FUNDS Un$triaed funds 394.820 471,059 TOTAL FUND5 394,820 471,059 The financial statements were approved ty the Board of Tru5tee5 and authorised for issue on . and were Sned on ris behall by.. MGGla tee The notes forni part of these financial statements Page 4
THE MAAK GLASER FOUNDATION Note5 to the Financial Statements for the Year Ended 31 December 2023 ACCOUIfflNG POUCIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefrt entsty under FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 1021 'Accounting and Reporting by Charities-. Statement of Recommended Prartice applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applKable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,. Financial Reporting Standard 102 'The Financial Reporting Stantlard applicable in the UK and Republic of Ireland. and the Charrtie5 Ad 2011. The financk?I statements have been prepared under the hislorical cost convention. Income All income is reeognised in the Statement of Financial Artwi(ies once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliablv. Expenditure Liabilities are cOgnised as expenditu as s(K>n as there is a *al or construrtive obligation committing ihe charity to that expenditure. tl is probable thai a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliab. Expenditure 15 accounted for on an accruals basis and has been classified under heading5 that ag6regate all cost related to the category. whe costs cannot be directty attributed to particular headings they have been allocated to aCtiv[t on a basis consistent with the use of resources. Grants offered subject to condrrtions which have not been met at the year end (late are note(l as a commitment but not accrued as expendrture. Tangible fixed assets Depreciation is provided at the following annual rate5 in order to write off each asset over its estimated useful lrfe. Freehold propety in accordance wf(h the property Taxation The charity is exempt from ia¥ on its charitable activit5. Fund ac£ountin8 Unrestricted funds can be used in accordan with the charttable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrKted purposes within ihe objects of the tharity. Restrictions arise when specified by the donor or when fund5 are raised for particular restrirted purposes. Further explanation of the nature and purpose of each fund r5 included in the notes to the financial statements. Page 5 continued...
THE MARK GLASER FOUNDAnON Notes to the Flnanclal Ststements- continued forthe Year Ended 31 December 2023 INVESTMENT INCOME 2023 2022 Rents received Oeposit account interest 16,485 16.488 RAISING FUNDS Raising donatlons and legacies 2023 2022 Support C05t5 13,459 12.914 TrUSTEES' REMUNERATION AND BENEFITS There were no trusiees, remuneration or her benefrts for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unrestricted fund INCOME AND ENDOWMENTS FROM Investment income 16.488 EXPENDITURE ON Raisin8 funds 15.164 Charitable artivities Grant to or8anisotion 23,(0) Other 7.794 Tot41 45,958 Page 6 continued...
THE MARK GLASER FOUNOATION Notes to the Finala1 Ststements- continued for the Year Ended 31 December 2023 COMPAIIATIVES FOR THE STATEMENT OF FIP4ANCIAL AcnviTIE5- continued Unrestricted fund NET INCOMEIIEXPENDITUREI 129,4701 RECONCILIAnoN OF FUNDS Total funds brought forward 5(K),529 TOTAL FUNDS CARRIED FORWARD 471,059 TANGIBLE FIXEO ASSETS Freehold property COST Al l January 2023 Disposa15 140,0001 At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 440,0 DEBTORS: AMOUNT5 FALUNG OUE AFTER MORE THAN ONE YEAR 2023 2022 Other debtors 19,(XQ Page 7 continued...
THE MARK GLASER FOUNDATION Notes to the Financbal Statefflents- continued for the Year Ended 31 December 2023 CREDITORS: AMOUNf5 FALUNG DUE WIThIN ONE YEAR 2023 2022 Other creditor5 5,560 1,280 MOVEMENT IN FUNDS Net movemenl in funds At 31112123 Al 111123 Unrestricted fvnd5 General fund 471.059 176,2391 394,820 TOTAL FUNDS 471.059 176,239) 394,820 Net movement in funds. included in the above are as follows.. Incorning resources Resource5 eypended Movement in funds Unrestrlrted funds General fund 176,2421 176,2391 TOTAL FUNDS 176.2421 {76.2391 Comparati¥e5 for movernent in fi•nds Net movement in fvnds At 31112122 At Vl122 Unrestrlcted funds General fund 51x1,529 129,4701 471,059 TOTAL FUNDS 5(M),529 129,4701 471,059 Page 8 continued...
THE MARK GLASER FOUNDATION Notes to the Financial Statements- continued lor the Year Ended 31 December 2023 MOVEMENT IN FUNDS- continued ComparatNe net movement in funds, included in the above are as follow5= Incoming resour5 Resources expended Movement in funds Unrestrirted funds General fund 16,488 145.9581 129,4701 TOTAL FUNDS 16,488 145,9581 129.4701 A current year 12 months and pTior year 12 months combined pOsitn i4 as follows: Net movement in fund5 At 31112123 At V1122 Unrestrirted funds General fund s,529 1105,7091 394,820 TOTAL FUNDS 5(K).529 1105.7091 394.820 A trn1 year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows-. Incoming re50ur Resources expended Movement in funds Unrestricted lunds General fund 16.491 1122,2CQ I 1105.7091 TOTAL FUNDS 16,491 I122,2) 1105,7091 Page 9 continued...
THE MARK GLASER FOUNDATION Note5 to the Financial Statements. continued for the Year Ended 31 December 2023 10. RELATED PARTY DISCLOSURES Durin8 2020 the Trustee Dr Mark Gla5er donated 25% of a property - 14 Campden Street - to the Charity for £5C(I,fX)J. During 2022 Dr Glaser pjchased back 3% of this property for £57,750 which represented a capital loss on the 3% of £2,250. Of this £57,750. Or Glaser paid back £38,750 to the Charity in the year and the remaining £19,Cm was paid in the earty part of 2023. in 2023 Dr Mark Glaser wrchased back a further 2% of the property for £40,(KKI. Page 10
THE MARK GLAA FOUNDATION Detailed Statement of Financial Arti¥ilies lor the Year Ended 31 December 2023 2023 2022 INCOME AND ENOOWMÉNrs Investment Income Rents received Deposit account interest 16.485 16,488 Total incomini resourtes 16,488 EXPENDITURE Other tradin8 artlvhles Loss on sale of tangible fixed o55ets 2,250 Charitable artibryties Granls lo institutions 52,( 23.CK(I Support costs Infomiation tschnolo Repairs and renewals 5,783 Governance costs Accountancy and legal fees Publicity and awareness 8,554 12,154 13.459 18.459 20,708 Total resources expended 76,24Z 45,958 Net expenditure 176,2391 129,4701 Thi5 pa8e does not fomi part of the statutory financial statements Page 11