THE BALASURIYA FOUNDATION CIO CHARITY COMMISSION REGISTERED NO. 1175296 STATEMENT OF ACCOUNTS for the year ended 31 December 2022
THE BALASURIYA FOUNDATION CIO Charlty Inforniatlon Charity number: 1175296 TTUStee6 Ralasingh8 Balasuriyd James Balasuriya Anna Carol 8alasuriya Panlhera Prlvate LLP Chair R•gist•red OfFIc• Aldermary Hou%c 10-15 Queen Street London EC4N ITX Bank•r• Melro Bank One Southampton Row London WC18 SHA Ind¢pènd•nt Examlner K.J. Maggs B.A, F.C. Ho8km8n Way Spalding PE113HE Page 1
THE BALASURIYA FOUNDATION CIO Annual Report for the year ended 31 December 2022 The trustees present their report with thè fln8ncl81 statements for the year ended 31 December 2022. The nancial ststgments comply with the Chartti9s Act 2011 having keen prepared on a recelpts and payTnents basls. The Balasuriya Foundation CIO was regisleied in England and Wales as a Charitsble Incorporated Organis81ion on the 23 October 2017 wilh charity regisler8d number 1175296. The oblecls of the charlty shall be th6 advancement of tharilable purposes {acwrdlng to the law of Engl8nd & Vvalesl lor the benefit of th8 public. as the trustee5 see fit from time to time, In partiCLtlar, bul not limited lo making grants to Gharities, or other organisations or indivlduals VrkIng to advance charftsble purp05e5. Truslo08 The IrLe& who are also the m•mber8 and served the ¢harftyduring the perl(>J are dèt811gd on Page 1. New Iruslees arg appolnled by th8 current trustees from people over 16 who have shown 8 keen Interest In th8 work of the charity and have abilitses reqLFired on the goveming dy. The board sh811 consist of 81 least three tTuslees and al18asl one of the trustees musl bo 18 years of age or over. Whon they are induelgd the trL55tses are presented a current copy of the conslStutlon and latest annual report and financlal $ts18ments. Trustsès r88pon#lbllltl The Truste88 are required to prepare ffnancial 5tstements for e8ch financial period which give a true and falr view of the state of affairs of the Charity and of its income and expendrturg for that period. In preparing those linanclal statemen15, the Truslegs are r8qulred to.. sel•cl 8ultablo accounllng pJli¢les and thon apply them ¢on618lenUy, make judgements and esllmates thal are r8080nable and prudent • Stale ether appllcabl8 accounting Standards and 8t8tem8nts of recommgnded practice h8ve been followed. Subject lo any departures disclosed and explain*S in th8 financial stal8menl$.' and pr8p8rg th8 finAnal sta18menls or7 the going ¢on¢em ba81$ unle88 il Is inappropriate lo pr85umo that the charlty will conlinug in oporation. The Irustees are responslble for keeplng accounllng records whlch dlsclose wlth reasonable accuracy the rinancial poslllon of the chadty artd whlch onable them ts ensure that the fln8ndÉl statements comply with the Charities Act 2011. Flnanrial revlow The results for the ch8rltyfor the financlal year are detslled on pages 5 to 7. Achlgvementsi perfomiance and developments The foundation has genera18d Inc0rn0 and awarded grants as Sho within the fillancial statements. The ch8rity has b88n able to offer support the followlng maln charities as w911 as other sm811er gr8nl¥ to inslilulions amountlng lo £2,15012021- £1,540). halow proJ•ct {halow)- is a registered charity in England and Wales. number 116773 whith alms to nurture young people with leamlng disablllties and autism to fvjfil thelr polenlal through excepttonal persortrcentred care. halovls purpose is to support people 16+ with leaming disabilities 8Tha autism on their joumey into and through 8dull1rfg. Overall. halow aims lo ensure that every p8rson learning dis?bilille8 and autism has Ihe samo life cholces and chances as any olher pèrson. halow primarily supports people vAlh leaming disabilities and auusm, but we may be able lo wolcome P80ple with further additional needs, depgnding on each individual's situation and requirements. halow offers a unique blend of actiwties. glvlng people Ihe chance to enjoy an active social life. make new friends, find furth8r education and employment training through our various initiatives like Buitding Fuiures. Soctal Activiti'es, A Reason To Get Up and lh8 halow Care Indendent Support Progiamme. Pago 2
THE BALASURIYA FOUNDATION CIO Annual Report (continued) for the year ended 31 December 2022 A¢hiov•ments rfOnanc9 and dav•lapm•nts {contlnuedl The Pickerlng Cancer Drop In Centre- is a seWfvn(Jing ragistered charfty 8stablÈsh8d by a group of cfjnr patients and based in Tunbridge Wells. It is reglstered in England and Wales. r8gistered number 1112623. The centre 8cts as a hub ft)r anyone affected by cancer. providing information, support and relaxing atmosphere where people can lalk freely. Patiants. carer5. family and friends are offered a wide range ol free f8CtIIUes whlch Includes complimentsry therpie$ 0$ well #$ advlce and counselllng. Most peop18 ar• affecled by cancer during their lives and many find this 8 Iraumatlc and lonely 8xp8ri8nc8. The Centre aims to help and support anyone g0Sng through the emotional up$et of cancer. from d18gnosis onwdrds. be thoy patient8, thgir pyrlners, chiklren, friends. QT carers. The ¢hafity offers a safe, relaxing. friendly envlronmenl where mutyal support and inforrnalion can be found, wllhoul Iho prgSSUTg of appointments or time reslralnts. They offer a wlde rango of complomentary Iharaple8, such as reflexology. reSkl. heallng and massage.. also nulrilional advlce, yoga 8nd counselllng. All the servi£ are avallÈblÈ to bÈneflclÉrles fr88 of charge and therefore the ch8r5ty requlres grant funding and donations. • The charity has m8de a gr8nl to an Individual. Mrs X who granlgd a payment of £1,000. She has an elderly mother who requlred a serlous operation lust bgfora Christmas and Mrs X is her sole carer. Mrs X, h8rsglf has cancer that has now spread through her neck, chest and lun98 due lo delayed procedures and thecks. Mrs X also needs knea replacement surgery. She was struggling to kgep up th all her bllls du8 to an accldent she had forcing hor to slop working. dug to th8 lack of mobility and as a result sha was stnjggling hug8ly financialty but needs holp wlh her hor88s and gardan. Th8 grant wa8 made to offer h8r some 8$81gtsnce. The charity aims to d151ribute all Sts Income on an annual basls bul there m8y be reserves rèmalnlng due lo income in readin$s¥ for distribution lo worthwhlle prolects. In the long tern it is planned for some form of investmgnts to be donatsd and thu¥ allow Ihe charity to raise its oym funding for worthwhilg Causes. Public bonofrt The truslee$ conslder that the oblecuves and actlvlll88 of th8 charfty 8re In 8ccord8n¢6 ¥th thé Chaty Comm1881ons' general guldance on publSc bengfiL Thg d•lall$ of publlc beneflt are covered wSlhln other are88 of this report espgcially undgr tho heading of 'Achievements. performance and devolopments,. The found8llon makes grants to charitses. or other org8nisations working to advance charitable purposes. which glves benefit to chire. the eldety. those with disabilitses, those of different ethnic or racial origin. Rlsk asgèssment Th8 trustees have considered thg major rtsks to [ch th8 charfty 5$ oxposed and conslder that those risks h8ve been currenuy been ne91igible. When the charity makes investrnenls then il will need lo re4ddress those risks and ensure that 5Uttable mixes are used and a359ts ¥r8 covered by adequate Insurance. The trustees do have 8 grant maklng poIty1Ch Incorpor81es ensurlng th8t th8 Instltutlons to whlch grants are made are suitable and charitable in thelr own activi08. For and On behalf of the trustees-. RBiahsinghe Balasuriyd Trustee Pag6 3
Independent Examinerfs Report to the Trustees of THE BALASURIYA FOUNDATION CIO I report to the charity on my ¢x8mln8tlon ol the accounts of the charfty for the year ended 31 Defflb8r 2022 which 8ro sel OLrt on pages 5 to 7. Respon$ibllltl•s and basls of r•port As Ihg charity trusteès you are responsible for th8 preparallon of the accounts In a¢cord8n¢e wlth th8 requlrements of the Charilles Act 2011 {'tho AcV)- I report In respettt of my examination of the Chatys accounts ¢arried out under sectlon 145 of Ihe Acl and in caryng out my examinah.on I have followed all the applicabl8 Directions gtven by the Ch8rity Commission under section 145(5)Ibl of the Act. Indep•ndont examlnèrfs $tatèm•nt I ha completed my 8xamlnallon. l ¢onftrm that no malorial matters havfr come lo my 8ttentlon in connection with the examin8llon givlng me cause to believe th81 in any materlal wpect.. 1. accounllng record8 were riot kept in rospect of the ¢harfty as required by section 130 of tho Acl: or 2. th8 accounts do not a¢oord th088 reeordg. I havo no conwn8 and have ¢ome a¢r06s no other matters in connecllon wllh the examSnaUon k) which attentlon 8hould be drawn In Ihls report In order to onabl8 a propgr undorstandlng of the accounts lo be re8ched. IU. Mag Moore Tho son Chartered Accountsnts Spaldlng Page 4
THE BALASURtYA FOUNDATION CIO statement of Flnancial Actlvity for the year ended 31 December 2022 Noto 2022 2021 In¢omlng resour¢ Voluntary income Donallon5 raGekved Gtft Ald 8.880 658 1.382 9,538 1.382 Invo8tm•nt Incomo Inlgro$1 receivod Total Incoming resourG•• 9,538 1.388 Re¥ourc•B •xpended Gharltabl• Actlvltl•• Instltutlonal grnnts made: C8psioum RE Found811¢)n halow prolttl Teenage C8ncor Trust Tha Pickering Can¢8r Drop In Centre Small Grants- Institutional 500 1.000 5,000 2,150 1,540 12,150 1,000 3,040 Indlvldual grants Support Costs Bank Charg88 IrKlependenl ex8mln8rs fees Professional Fees 351 254 1,860 1.776 3,051 16,201 2,870 5.910 Totsl re8ourc08 oxpgnded Net In¢omo {6.683} 14,5221 Cash funds brought forward CaAh funds carrl•d forward 10,211 3,548 14,733 10,211 AJI a¢bwli8s undertaken ralat8d to unrestrictod furKIs. Page 5
THE BALASURIYA FOUNDATION CIO Statement of Net Assets at 31 December 2022 2022 2021 Cash deposits C88h at bank 3.548 10.211 D•btorn Gift Aid 1.563 Monètary a$s8ts 5.111 10,211 Cr•dltorg Accrued expgnseg Indep8ndenl gX8millerfs foe Monetary Ilabllltles 1.980 696 1,800 2.675 2.640 Total n•t H•ts 2,436 7,571 These accoun16 W9re 8pproved bytho board on *. RaJ8inghe Balasuriya Trustee Slmon Ru6sell Tnjslge Pagg 6
THE BALASURIYA FOUNDATION CIO Notes to the Accounts for the year ended 31 December 2022 1 Accountlng poll¢l The financial statements have bgerk prepared in accordance with th8 ex8mpbons appllcabl8 under Ihe Staternenl of Recommended Practi on Accounting by Chanties and the Charities Act 2011. The stst8m8nts of financtal acliwties has b88n prepared on a receipts and payTnents basis. The sialement of Net Assets show5 th6 8ssets of the Gharity and any 8mounts due to or owod by the chadty. The slalement wlll not Indude any pro$10n3 forl18bll1es and ¢harges. The truste05 are of the oplnlon that should any slgnlflcant matters o¢cur prfortrJ the wr end. they will bè dlsc1088d wllhin the notes of th8 accounts. 2. Tru¥t••s remuneratlon. •xp8ns•s and control There have baan no remuneratlon or expenses pald to any of the trusts9$ durfng the currenl or prior year. The charity decislons aro made by the trusl88s 88 a body and are detalled on page 101 Ihls reFQrt. No ong Irustee or group of Iru$le8s has a dominant control. 3. Relaled party transactlons 2022 2021 DonatSon$ rocelved Parties connected lo th8 tW8tees Other donations received 3,880 s,000 8,880 Thgro h8ve been no olhgr relaled paity Iran$8cUon8 durlng th• ¢urrent or prfor yoar. Page 7