Moore Thompson Tnjstod Advisers Charteréd Accountants THE BALASURIYA FOUNDATION CIO CHARITY COMMISSION REGISTERED NO. 1175296 STATEMENT OF ACCOUNTS for the year ended 31 December 2021 twther. THE BALASURIYA FOUNDATION CIO Charity Inforniation Charity number: 1175296 Trustees James Balasuriya Rajasinghe 8alasuriy8 Anna Carol Balasuriya Panthera Private Office LLP BaTrk•rs Metro Bank One Southampton Row London WC1B SHA Independent Examiner K.J. Maggs B.A, F.C.A. Moore Thompsors Bank House Broad Street Spalding Lincs PE11 ITB Registered Office Aldermary House 10-15 Queen Streel London EC4N 1TX Page 1 THE BALASURIYA FOUNDATION CIO Annual Report for the year ended 31 December 2021 The Iruslees present their report with the financial statements for the year ended 31 December 2021. The financial statements comply with the Charities Act 2011 having been prepared on a receipts and payments basis. The Balasuriya Foundation CIO was registe￿ in England and Wales as a Charitable Incorporated Organisation on the 23 October 2017 with charity registered number 1175296. The objects of the charity shall be the advancement of charitable purposes laccording to the law of England & Wales) for the benefit of the public, as the Iruslees see fil from time to time, in particular, bul not limited lo making grants lo charities, or other organisations or individuals working lo advance charitable purposes. TNst•os The Injstees who are also the members and served the charity during the period are detailed on Page 1. New trustees are appointed by the current trustee$ from people over 16 who have shown a keen interest in the work of the charity and have abilities required on the governing b¢xly. The board shall consist of at least three trustees and al least one of the trustees must be 18 years of age or over. When they are inducted the trustees are presented with a current copy of the constitution and latest annual report and financial statements. Trustoos responsibilities The Trustees are required to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its income and expenditure for that period. In preparing those fi'nancial statements, the Trustees are required lo.. ty sele¢l suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent., • slate whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclose(J and explained in the financial statements., and prepare the financi81 statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in operats'on. The trustees are responsible for keeping a￿OuntIng records which disclose with reasonable ac¢uracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. Financlal review The results for the charity for the financial year are detailed on pages 5 to 7. Achievements, perfo￿anCe and dovelopments The foundation has generated income and awarded grants as shown within the financial statements. The ¢harty has been able to offer support the following main charities as well as other smaller grants shown in note 2 to the accounts. Capslcum RE Foundation - the foundation is a registered charity in England and Wale5.11 aims lo raise funds lo make grants to other charitable organisalions. The charity granted £50012021- £2,500) in order to assist with administrative costs lo help maximise the grant giving capabilities. Teenage Cancer Trust- the foundalDn is a registered charity in England and Wales. It aims to Offer unique care and support. designed for and with young people. The trust funds specialised nurses, youth workers and hospital units in the NHS, so young people have dedicated staff and facilities to support them throughout their treatment. They run events for young people with cancer lo help them regain independence and meet other young people going through something similar and provide easy-t understand information about every asr*ct of living wth cancer as a young person. Page 2 **THE BALASURIYA FOUNDATION CIO** **for the year ended 31 December 2021** ## **Annual Report** ## **Reserves** The charity aims to distribute all its income on an annual basis but there may be reserves remaining due to income in readiness for distribution to worthwhile projects. In the long term it is planned for some form of investments to be donated and thus allow the charity to raise its own funding for worthwhile causes. ## **Public benefit** The trustees consider that the objectives and activities of the charity are in accordance with the Charity Commissions' general guidance on public benefit. The details of public benefit are covered within other areas of this report especially under the heading of 'Achievements, performance and developments'. The foundation makes grants to charities, or other organisations working to advance charitable purposes, which gives benefit to children, the elderly, those with disabilities, those of different ethnic or racial origin. The financial year ended 31 December 2021 has been very quiet due to the Covid-19 Pandemic and recovery therefrom but it is expected that supported organisations will require significant funding over the coming few years· as the country goes through its recovery. ## **Risk assessment** The trustees have considered the major risks to which the charity is exposed and consider that those risks have been currently been negligible. When the charity makes investments then it will need to re-address those risks and ensure that suitable mixes are used and assets are covered by adequate insurance. The trustees do have a grant making policy which incorporates ensuring that the institutions to which grant$ are made are suitable and charitable in their own activities. For and on behalf of the trustees: Rajasinghe Balasuriya Trustee Date: :2.� .. c;;,J;:Q..� :::b2l- Page 3 Independent Examiner's Report to the Trustees of THE BALASURIYA FOUNDATION CIO I report lo the charity on my examination of the accounts of the charity for the year ended 31 De¢ember 2021 which are sel out on pages 5 10 7. Responslbllities and basis of report As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the ACVI. I report in respect of my examinats'on of the charity$ accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515){bl of the Act. Independent exarninerfs statement I have completed my examination. I confirm that no material matters have come lo my attention in Connection with the examinab'on giving me cause to believe that in any material respecL' accounting records were not kept in respect of the charity as required by section 130 of the Act,. or 2. the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to whic attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. K.J. Mag , F.C.A. Moore Th on Chartered Accountants Spalding Dale.. Page 4 THE BALASURIYA FOUNDATION CIO Statement of Financial Activity for tho year ended 31 December 2021 Notg 2021 2020 Incoming resources Voluntary incomo Donations received Gift Aid 4,528 20,194 1,382 1,382 24,722 Investment income Interest received 25 Total incoming resource8 1,388 24,747 Resources expended Grants made Capsicum RE Foundab'on Teenage Cancer Trust Mission Smile Small Grants 500 1,000 2,500 4,178 750 1,540 3,040 7,428 Support Costs Bank Charges Independent examiners fees Profession81 Fees 254 840 1,776 220 816 1.800 2,870 5,910 2,836 10,264 Total resources expended Net income 14,522) 14,483 Cash funds brought forward Cash funds Carried forward 14,733 10,211 250 14,733 All activities undertaken related to unre51ricted funds. Page 5 THE BALASURIYA FOUNDATION CIO Statement of Net Assets at 31 December 2021 2021 2020 Cash deposlts Cash al bank 10,211 14,733 Oebto Gift Aid 1,382 Monetary ass•ts 10,211 16,115 Credltors Accrued expenses Independent examine¢s fee Monetary liabilities 1,800 840 1,800 816 840 816 Total nèt as$gts 9,371 15,299 These accounts wefe approved by the board on M.atr&.*r.202 Jamés Balasurlya Trustee Rajasinghe Trustee asuriya Page 6 THE BALASURIYA FOUNDATION CIO Notss to the Accounts for the year ended 31 December 2021 1 Accountlng pollcles The financial statements have been prepared in accordance with the exemptions applicable under the Statement of Recommended Practice on Accounting by Charities and the Charities Act 2011. The statements of financial activib'es has been prepared on a receipts and payments basis. The statement of Net Assets shows the assets of the charity and any amounts due to or owed by the charity. The statement will not include any provisions for liabilities and charges. The trustees are of the opinion that should any significant matters OGGur prior to the year end, th8y will be disclosed within the notes of the accounts. 2. Small Grants 2021 2020 Campaign Against Living Miserably Essex & Herts Air Ambulance Cancer Research UK Haven House Kisharon The Arsen81 Foundation Multiple Sclerosis Research Australia The Children's Trust (Tadworth) Pancreatic Cancer Research Fund 250 125 250 450 450 250 140 125 250 1,540 750 3. Trustees remuneration, oxpenses and control There have been no remuneration or expenses paid to any of the trustees during the current or prior year. The charity decisions are made by the trustees as a body and are detailed on page 1 of this report. No one trustee or group of trustees has a dominant control. 4. Related party transaction$ I donations have been received from parbas connected to the trustees. There have been no other related party transactions during the current or prior year. Page 7