THE CORCORAN FOUNDATION
(Regislered Charity No. 1174167 and Company No. 10764357)
ANNVAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
RAWLINSON
&HUNTER

THE CORCORAN FOUNDATION
ANNUAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
CONTENTS
Page
Annual Report of the Trustees
Independent Examiner'5 Report
Staternenl of Financial Activities (including Income and Exp8ndiiure A¢Gounl)
Balance Sheet
Notes to the Financial Slalements
9-14

Page 1
THE CORCORAN FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their report and the independently examined financial statements of The Corcoran
Foundation 1.the Foundation" or "the charilable company"), for the year ended 31 Decetnber 2022.
Thes8 have been prepared in accordan￿ with the accounting policies set out on pages 9 to 11 and
comply with applicable charity law.
The financial statements comply with the Charities Act 2011 and where applicable, the Charities Act
2022. the Companies Act 2006, the Memorandum and Articles of Association, and Accounling and
Reporting by Charities= Statement of Recomrnencjed Practice applicable to charities preparing their
account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102) {'Charities SORP FRS 102.1. the Financial Reporting Standard applicable in the
Uniled Kingdom and Republic of Ireland {FRS 102).
REFERENCE AND ADMINISTRATIVE DETAILS
The Corcoran Foundation, {registered charity number 1174167 and company number 10764357) is
based and administered in the United Kingdom. The registered address is Third Floor. 20 Old
Bailey, London, EC4M 7AN.
Dlrèctors and Trustees:
The Directors and Trustees of the Foundation who held office during the year and continue to serve
at the date of this report ar8..
V V Corcoran
J B Corcoran
O H J Corcoran
The Trustees did nol hold any beneficial interest in the Foundation at 31 De￿rnber 2022 or at any
lime during or since Ihe period.
Bankers:
Coutts & Co
440 Strand, London, WC2R OQS
Solicitors:
Withers LLP
20 Old Bailey, London, EC4M 7AN
Investment Managers:
Coutts & Co
440 Strand, London. WC2R OQS
Accountants:
Rawlinson & Hunter LLP. Chartered Accounlanls
Eighth Floor. 6 New Street Square, New Fetter Lane, London, EC4A 3AQ
Independent Examiner:
Yueling Wei FCCA
Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ

Page 2
THE CORCORAN FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Foundation is a private limited company governed by its Memorandum and Articl8s of
Association and is r8gister8d as a charity with the Charity Commission for England and Wales.
The Trustees are resident in the United Kingdom and meet regularly to discuss and develop the
Foundation's goals and strategy and lo review grant proposals and general grant requests.
The number of Trustees shall be a minimum of at any one time and new Truslees shall be
appoinled by ordinary resolution by the existing Truslees. The range of skills represented on the
Trustee Board will be kept under review as the Foundation develops over lime.
Induction and Training
As part of their training, Trustees are given an information pack which includes the Foundation's
Memorandum and Articles of Association and thè Charity Commission guidance on Trustees,
Responsibilities. All Trustees are aware of their legal duties and obligations in respect of the
management of the Foundation, including in relation to the protection of its assets.
Slatement ol Trustees, Responsibilities
The Trustees Iwho are also Directors of The Corcoran Foundation for Ihe purposes of company
law) are responsible for preparing the Annual Report of the Truslees and the financial stalements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the Trustees lo prepare financial statements for each financial year. Under
Company Law the Trustees must not approve the financial statements unless they are satisfied
that they give a true and fair vi8w of the stale of affairs of the charitable company and of the
incoming resources and application of resources, including the income and expenditure. of the
charitable company for the period. In preparing these financial statements. the Trustees are
required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP IFRS 102):
make judgemenls and estimates Ihat are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subjeci to any
material departures disclosed and explained in the financial ststements., and
prepare the financial statements on the going Gon￿rn basis unless it is inappropriale to
presume thal the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records Ihat disclose with
reasonable accuracy al any lime the financial PDSltion of the charitable company and enable them
to ensure that the financial slalemenls comply wilh the Companies Acl 2006. They are also
responsible for safeguarding the assets of the charitable company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.

Page 3
THE CORCORAN FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Internal Controls
The Trustees have overall responsibility for ensuring that the Foundation has appropriate systems
of internal controls. They are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any lime Ihe financial position of the Foundation and enable them lo
ensure that the financial slatements follow best practice and all applicable law regulation and
guidan￿. The Trustees are also responsible for the Foundation safeguarding its assets and for
tsking reasonable steps for the prevention and detection of fraud and other irregularities.
The system of internal controls is designed to provide reasonable, but not absolute, assurance
against material misstatement or loss.
Rlsk Management & Corporate Governance
A risk assessment has been undertaken which comprises:
An annual review of the risks the Foundation may face.,
The esiablishment of syslems and procedures to mitigate those risks. and
The implementation of prO￿dureS designed lo minimisg any potential impact on the
Foundation should those risks materialise.
This continuing process will identify risk areas lo which the Foundation is vulnerable and highlight
any necessary safeguards that will need lo be pul in pla￿. No major risks were identified at the
date of these accounts.
The Trustees have signed fit and proper declarations in line with HMRC guidance.
In addition, the Truslees have tsken due consideration of Good Governance
A Code for the
Voluntary and Community Sector, ensuring that the seven main principles of the Code are adhered
to. These are=
Organisational purpose..
Leadership.,
Inlegrity.,
Decision-making, risk and control
Board effectiveness..
Equality. diversity and inclusion., and
Openness and accessibilily.
The Trustees recognise that good governance plays an essential part in securing the future of the
Foundation and confirm th21 the said principles of the Code are followed by them in leading,
directiro and managing the Foundation.

Page 4
THE CORCORAN FOUNDATION
ANNUAL REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
The objects of the Foundation are such exdusively charitable purposes as the Trustees may in
their absolute discretion determine. The Foundation operates as a grant-making charity, supporting
charitable projects and organisations with grants of varying sizes and durations.
The Trustees have developed a solid framework for future grant-making activities and have refined
their grant-rnaking focus areas. The Trustees have pursued a broad strategy of ensuring proper
due diligence in the assessment of potential grants and ensuring that grants are made subject to
appropriatè terms and wndilions.
Statement of Public Benefit
As a granl-funder, the Foundation's activities will provide public benefit to the individuals and
communilies who are beneficiaries of the Foundation's funded projeots. The Foundation's public
benefit is not limited with reference to geography. by the charging of fees or otherwise. The
Trustees are aware of the Charity Commission guidancè on Public Benefit and confirm that they
have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to it. They
consider the information which follows in this annual report, about the Foundation's aims, activities
and achievements in the areas of interest that the Foundation supports demonstra19S the benefit lo
ils beneficiaries and through them lo th8 public. that arise from those activities.
Grant Making Policies
The Truslees, grant making policy has been to generally consider making donations by way of
direct funding and also by way of grants to charitable organisations recognised as such in Iheir
respeclive jurisdiclions for projects that are exclusively charitable under English law. Thg
Foundation has begun lo put in place sound grant arrangements so that it can continue to property
select appropriate grantees and impose prudent terms on grants, inclLFding, as appropriate,
monitoring and evaluation ofthe way in which funds are applied by grantees.
ACHIEVEMENT AND PERFORMANCE
Investments
The assets of the Foundation consist principally of quoted investments and cash and these are
collectively recorded on the Balance Sheet and supporting notes at their market value on that dale.
Any increase or decrease over the previous years, market value of these investmenls is recorded
in the Slatemenl of Financial Activities. As al 31 December 2022, the value of the Foundation's
investments was £6,303,860 {2021 £7,144,358) including cash under management. Investment
performance is monitored by Coutts & Co who report their findings to the Trustees quartedy.

Page 5
THE CORCORAN FOUNDATION
ANNUAL REPORT OF THE TRUSTEES (continued)
FOR THE YEAR ENDED 31 DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE {¢ontinued)
Charitable Activities
Dire¢t charitable exp8nditur8 for the yèar totslled £177,479 {2021 £43,141) which indudos
donations totalling £186,840 {2021 £33.948) to a variety of organisations based in the UK, as well
as the Foundation's governance costs. The Trustees also paid grants totalling £5,000 ￿MmItted in
the previous year. All grants were paid in line with the policies set out in Section 3 of this report,
Objectives and Activities.
A full list of grants made during the year is shown on pages 12.
The accounting treatment in respect of grants is in line wth that set out in the applicablè statement
of recommended practice.
FINANCIAL REVIEW
The Statemeftt of Financial Activities on page 7 shows total incoming rgsour¢es for the year of
£175,565 {2021- £147,740), charitable activities of £177,47912021- £43,141) and expenditure on
raising funds of £45,782 (2Q21- £48,963), Governance costs amounted to £10,639 (2021- £9,193)
and are included within charitable activities.
The balance of reseNes at 31 December 2022 is £6,286,667 (2021- £7.119,337)
Resarves Pollcy
The Trustees have examined the Foundation's requirement for resources in light of the main risks
to the organisation. The Foundation has no outstanding commitments or cash demands which are
not adequately covered by existing resources. The net assets of the Foundation are regarded as
unrestricted reserves and the funds at 31 December 2022 wll be retained to make grants in
accordan￿ ￿th the Foundation's charitable objects and any policies. The Trustees consider that
the freely expendable funds a￿ appropriate and adequate taking into account plans for grants to
be awarded in future and have at present therefore not designated any specific reserves. However,
the Trustees will keep this under constant review. In fLrture years, a specific reserves policy may be
required.
PLANS FOR THE FUTURE
The Trustees do nol propose to deviate from the current obJ'ecb'v&s and activities of the Foundation
as detailed in Section 3 of this report but will further develop and refine their strategies, policies
and procedures in future.
In preparing this report, the Directors have taken advantage of the small companies exemptions
provided by Section 415A of the Companies Act 2006.
Approved by the Trustees on
and slgnod on their behalf by:
V V Corcoran

Page 6
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES
OF THE CORCORAN FOUNDATION
report to the Trustees on my examination of the Financial Statements of Ihe Corcoran Foundation
("company' or'charily'l for the year ended 31 DeGember 2022 which are set out on pages 7 to 14.
Responsibilities and Basis of Report
As the Charity Trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the Financial Slalements in accordance with the requirements ol Ihe
Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that tha financial statements of the company are not required lo be audited under
Part 16 of the 2006 Acl and are eligible for independent examination. I report in respect of my
examination of your company's Financial Statements as carried out under section 145 of the Chsrities
Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the
Charity Commission under section 14515){b) of the 2011 Act.
Independent Examingrfs Statement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the company as required by section 386 of the 2006
Act., or
the FinanGial Statements do not accord with those records., or
the Financial Ststements do not comply with the accounting requirements of section 396 of the 2006
Act other than any requirement that Ihe financial statements give a 'true and fair view, which is not a
matter considered as parl of an independent examination,. or
the Financial Statements have not been prepared in accordance with ihe melhods and principles of
the Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their Financial Statements in accordance with tho Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)-
I have no concerns and have come across no other matters in connection wllh the examination to which
altenlion should be drawn in this report in order to enable a proper underslandlng of the Financial
Statements to be reached.
Yueling Wei FCCA
Eighth Floor
6 New Street Square
New Felter Lane
London
EC4A 3AQ

Page 7
THE CORCORAN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
(Including Income & Expenditure Account)
FOR THE YEAR ENDING 31 DECEMBER 2022
Unrestricted Unrestrlcted
Funds
Funds
2022
2021
Page
Income from:
Investments Inole 2)
175.565
147,740
Total Income
175,565
147,740
Expenditurg on:
Charitable activilies (note 3)
Raising funds (note 4)
12
12
177,479
45,782
43,141
48,963
Total Expendlture
223,261
92,104
Net (lossygain on investment assets (note 5)
13
{788,766)
655.659
Net income
(836,4621
711,295
Other recognised gains
Gainl{loss} on foreign currency movement
3,792
12,277)
Net movement In funds
{832,670)
709,018
Reconciliallon of funds
Total Funds Brought Forward at 1 January 2022
7.119,337
6.410,319
Total Funds Carried Fo￿ard at 31 December 2022
£ 6.286,667 £ 7,119,337
All amounts relat8 to continuing operations.
There were no rècognised gains and losses for the years ending 31 December 2022 other than those
included in the Income and Expendilure Account.
The notes on pages 9 to 14 form part of the financial statements

Page 8
THE CORCORAN FOUNDATION
(Registered Charity No. 1174167 and Company No. 107643571
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2022
Page
2022
2021
Fixed Assets:
Investments and cash under management (note 5)
13
6,303,860
7,144,358
Total Flxed Assets
8,303,860
7,144,358
Current Assets:
Cash at bank (note 6)
Debtor (note 7)
13
13
2.787
5,243
1,706
Total Current Assets
2.787
6,949
Liabilities:
Creditors - amounts falling due within one year (note 8)
13
(19,980)
(31,970)
Total Assets less Current Liabilitles:
6,2e6,667
7,119,337
Net Assets
£ 6.286,867 £ 7,119,337
The fund5 pf the charity:
Unrestri¢ted funds
6,286.667
7,119,337
Total Charity Funds
£ 6,286.667 £ 7,119,337
For the year ended 31 December 2022, the company was entltled to exemption under Section 477 of the
Companies Ac* 2006 relating to small companles.
The members have nol required the company to obtsln an audlt of Its actounts for the ye8r in question in
acGordance with se¢tson 476 of the Companies Act 2006..
The directors acknowlodge th8ir responsibilities for comptying wKh Ihe requirements of the Act with respect to
a¢¢ounting Tecords and the preparats'on of accounts.
These accounts have been prgpared in accordance with the piovislons appllcable to companies Subject to the
small companies regime.
The financ4al statements wer8 approved and authorised for issue by the Trustees and wer? signed on Ihelr beha
by:
V V Corcoran
Date
The notes on pages 9 to 14 f¢ym part of the financial statements

Page 9
THE CORCORAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES
The Corcoran Foundats'on. (registered charity number 1174167 and company number 10764357} is
based and administered in the United Kingdom. The registered address is Third Floor, 20 Old
Bailey, London, EC4M 7AN.
Basis of Preparation of Financial Statements
The financial statemenls have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102} {°Charilies SORP FRS 102.), the Financial Réporting Standard applicable in the Uniled
Kingdom and Republic of Ireland {FRS 102}. the Charities Act 2011 and where applicable, the
Charities Act 2022, the Companies Act 2006 and UK Generally Accepied Accounting Practice.
The Foundation constitutes a publi¢ benefit entity as defined by Charitles SORP FRS 102.
The Foundation has applied Ihe provisions sel out in FRS102 as published on 5 October 2019 and
does not include a cash flow statement on this basis.
The financial slatements are prepared on a going concern basis under the historical cost
convention, modified lo include certain items at fair value.
The significant accounting policies applied in the preparation of these financial slalements are sel
out below. These policies have been consistently applied to all years presented unless otherwtse
slated.
In applying the financial reporting framework, the Trustees may have to make a number of
subjective judgements. for example in respect of significant accounting estimates. Estimates and
judgements are continually evaluated and are based on historical experience and other factors.
including expectations of future events that are believed to be reasonable under the
circumstances. The nature of the estimation means the actual outcomes Gould differ from those
estimates. No significant estimales and judgements have been made.
The financial statements are presented in GBP which is the functional currency of the Foundation.
Investmonts
Quoted investments are included al closing mid-market value at the Balance Sheet dale. Realised
gains and losses on investments are recognised on disposal on investments and any gain or loss
on revaluation is taken lo the Statement of Fin8ncial Activities (SOFA). The delerminalion of any
gains and losses is calculated by referen￿ to the value of such assets al the beginning of the
accounting period.
Mid-market values are provided by independent data feed rather than inveslment manager
valuations.
Cash held for investment is included within the Fixed Assets Investments in accordance with the
applicable statement of Recommended Practice.

Page 10
THE CORCORAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES {continu8d)
Income Recognition
Investment income is derived from inlerest and dividends receivable from investments and is
accounted for in the period in which the Foundation is entitled to receipt. Interest from deposit
accounts are included when receivable only. All incoming resources are included in the SOFA
when Ihe Foundation is entitled lo the income and the amount can be quantrfied with reasonable
accuracy.
Resources Expended
All 8xpenditure is included on an accruals basis and is recognised when there is a legal or
constructive obligation committing the Trustees to the expenditure.
Charitable adivities comprise grants and donations made and governance costs incurred during
the year and are expended through the SOFA when the offer is conveyed lo the recipient.
Govemance costs relale lo the general running of the Foundation, as opposed to the management
functions inherent in generating funds.
Financial instruments
The Foundation only has financial assets and financial liabilrties of a kind that qualrfy as basic
financial instruments. Basic financial instruments are recognised al transaction value and
subsequently measured at their settlement value.
Status of funds
The entire resources of the fund are unrestricted and the Trustees have complete discretion for
their use in pursuance of its objectlV8S.
Foreign currency
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange
ruling at the Balance Sheet dale. Transactions denominated in foreign currencies are converted at
the rate of exchange ruling at the dale of the transaction. All tran51alion d[fferen￿S are taken to th8
Statement of Financial Activilie5 as they arise.
Taxalion
The Foundation is not subject to any taxes on ils charitable activitiés. Irrecoverable VAT is charged
against the category of rèsources expended for which it was incurred.
Debtors and credltors recoivable I payable within one year
Debtors and credilors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised as expenditure.
Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held on call with banks. other short-term
highly liquid investments with original maturities of three months or less and bank overdrafts. Bank
overdrafts. when applicable, are within borrowing in current liabilities.

Page 11 

## **THE CORCORAN FOUNDATION** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **1. ACCOUNTING POLICIES (continued)** 

## **Provisions** 

Provisions are recognised when the Foundation has an obligation at the Balance Sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. 

## **Going Concern** 

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from the date of signing of these financial statements. The forecast income and reserves are sufficient to cover all of the budgeted expenditure to be able to continue as a going concern. 

The current ongoing conflict in Ukraine and the resulting high energy costs and other cost inflationary factors have affected the global economy. Having considered the contingency plans in place and having reviewed updated cashflow forecasts, the Trustees consider the adoption of the going concern basis in preparing these financial statements continues to be appropriate. 

|||**Page**|**2022**|**2021**|
|---|---|---|---|---|
||||**£**|**£**|
|**2.**|**INCOME FROM INVESTMENTS**||||
||UK and overseas securities income||170,678|147,277|
||Deposit interest||4,887|463|
|||7|£   175,565|£    147,740|







Page 12
THE CORCORAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Page
2022
2021
EXPENDITURE ON CHARITABLE ACTIVITIES
UK Grants Awafded:
Whitley Fund
Care international Ukraine
Intouniversity
Bookmark Reading - Ukraine
Nalional Gallery
Family Action
Clement James Centre
Rugby Portobello
Make the Leap
Tusk Trust Limited
The Country Trusl
Intouniversity
Laglio- Flood Emergency Appeal
National Theatre
Place2Be
The Sutton Trust
K C Foundation
Hidden Harbor Marine Enviro
Reg. Charity no. 1081455
Reg. Charity No. 292506
Reg. Charity No. 1118525
Reg. Charity No. 1177681
60,000
50,000
25,000
10,000
9,100
5,000
2,000
2,000
1,000
1,000
1,000
500
240
Reg. Charity No. 264713
Reg Charity No. 1009253
Reg. Charily No. 703163
Reg. Charily No. 1058648
Reg. Charity No. 1186533
Reg. Chaiily No. 1122103
Reg. Charily No. 1118525
2,040
1,000
1,000
1,000
21,166
3,000
2,000
1,000
1,000
742
Reg. Charity No. 224223
Reg. Charily No. 1040756
Reg. Charily No. 1146244
Reg. Charity No. 1165579
Reg. Charily No. 65-0306516
Total Grants Awardèd
166,840 £ 33,948
Governance Costs
Accountancy fees
Independenl examinalion fees
Legal fees
Bank charges
7,182
1.200
1,993
264
6,000
1,200
1,993
£ 10,639 £
9,193
Total Charitable Activities
£ 177,479 £ 43.141
EXPENDITURE ON RAISING FUNDS
Investment management fees
LEI fee
45,704
78
48,963
£ 45,782 £ 48,963

Page 13
THE CORCORAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Page
2022
2021
FIXED ASSETS
Investments and Cash under management
Investments at market value al 1 January 2022
Additions at cost
Disposals al carrying value
6,601,607
232,204
(231,799)
5,836,488
708,636
1599,1761
6,602.012
5,945,948
Realised (loss}1gain on disposals
Unrealised (lossllgain on revaluation
{57,376)
(731.390)
10,709
644,950
Net Loss on Investment Assets
(788,766)
655,659
Market value al 31 December 2022
5,813,246
6,601,607
Cash held for investment
490,614
542,751
Total Value at 31 December 2022
£ 6,303.860 £ 7.144,358
Historic Cost at 31 December 2022
£ 5.699.085 £ 5.701,692
CASH AT BANK
Coutts business current account
2,787
5,243
DEBTOR
Income due
1.706
CREDITORS - amounts falllng due wlthln one year
Investment management fees
Accountancy fees
Independenl examination fees
LEI fees
Donation commitments (note 9}
12.702
6,000
1,200
78
12,570
9,600
4,800
14
5,000
19,980
31,970

Page 14
THE CORCORAN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
CHARITABLE ACTIVITIES- GRANTS PAYABLE
There were no outstanding donalion commitments as at 31 December 2022.12021.. £5,000).
10. RELATED PARTY TRANSACTIONS
No donations were made by the Trustees to the Foundation for either the current year or previous
period.
No Twstee received any remuneration during the year lo 31 Deomber 2022 (2021- £nil).
11. ULTIMATE CONTROLLING PAR
The Trustees consider that the Foundation is jointly controlled by the Trustees and that there is no
ultimate controlling paty