THE BALASURIYA FOUNDATION CIO CHARITY COMMISSION REGISTERED NO. 1175296 STATEMENT OF ACCOUNTS for the year ended 31 December 2023
THE BALASURIYA FOUNDATION CIO Charlty Inforniation Charity number: 1175296 R•gl$tgr•d Offlcg Panthera Private OFfth LLP Aldemiary Hous6 10-15 Queen Street London EC4N ITX R8jasinghe 8alasurrya James Balasuriya Anna Carol 8dasuTiy Panthera Private LLP Chair 8•nk•r• Metro Bank One Southampton Row London WC1B SHA Indop•nd•nt Examln•r K.J. Maggs B.4 F.CA. Hoekman Way Spalding PE11 3HE Page 1
THE BALASURIYA FOUNDATION CIO Annual Report for the year ended 31 December 2023 The Iru81ees present th"r report with the financial statements for the year ended 31 December 2023. The financFal statements compty wlh the Ch8nbe$ Act 2011 having prepared on a receipts and payments basis. The Balasurya Foundation CIO was registered in England and Wales a5 a Charrtable IncOrpoted Organisalion on the 23 October 2017 with charty registered number 1175296. The objects of the charity shall be the a¢fvan¢ement of chaTitabl8 purpose8 {•ccording lo the law of England & Wales) for the benefit of th& public, as the trustses see frt from time to time. in particular, but not limilod lo making grants to chariti&s, or oiher org8nisakn"oThs or indivKluals Drking to advanc& charrtabb purposes. Tru•t•o8 The Iruslees who are 8180 the m8mber8 ar¥J servod th• charity during the pBriod are detailed on Pag¢ 1. New Iruslees are 8ppoinled by the current truslges from peoFA8 over 16 who hava shown a keen Intarest In tho work of the char¢ty and have 8bilitie6 wuired on the goveming The board shall eon$isl of at least three trustees and at least ontr of the trustees musl be 18 years of age Dr over. When they are inducted the trusi8e8 are presented with a current copy of the conslrtulion and latest annual report and financ1 81alements. TruIt• ro•pon•Sbllltl• Th¢ Tru8le8s are required lo prepar8 financkgl statements for each ffinancl Fer which give a tfue and lair vw of the state of affairs of the Ch8nty and of its irKome and 6XFenditiJr• for that ried. In preparing those financ1 statements, the Tw$lee8 are required to". select suitsble ac¢ounling polici88 and then appty them consislantty.. • make judgements and e$bmate8 that are raasonable arvj prud•ni', • stste whether applicable accounting ¥tandard& and 8tatem•nts of recommonded practic8 have lollowed, 8ublect lo any departurgs di8dosed and oxplaia in the financial stalem8nls,' and preparo the financial statements on the 90ing concarn basts unless rt is inapproprkgt8 to presume that the charty will continue In Operatn. The Iru5tg8s are responsible for keeping accounttng rord8 whth di8closg wth reaBon8ble accuraey the nancial posrtlon of the ch8rrty and which enablg them to en8ure th81 the financial ststemenls comply with tho Charrtie8 Act 2011. Flnanclal r•vlv The re8uIts for the charty for the financial year are d8lailed on p8ge8 5 to 7. Aehlgv•monts, perforn)•nc• and d•v•lopments The foundation has generated ir¢come and lded grants as sholm ¥thIn the financial $tst8menl$. Tho charity has been able to offer support the follow.ng main charIt a8 well as other smaller grants lo inslilulions amounts.ng lo £2.769 {2022- £2.150). The Royal Natr'onal Lrfeboat Institut. a tharity registered in England and Wales lllumber 2096031. 18 committed to being one of the mosl effioent charities In the UK and Ireland. As a charity, separate from the coastguard and tndependenl from govemmenL they are 1[ant on volunlary donats.ons to power their lrfesavTng work. Although vdunteers are the lrfebloc#J of the RNLI, making up the wast majority of RNU ¢e, givtng their time for free. giving them everything they need, and deserve, lo savo INes at sea is costty. Money donated helps our lrfeboal crew6 save INes quithty, safety and effective. There a over 5.700 volunteer crew members and over 4,000 ¥unteer shore crew al 238 lrfeboal stations around the UK and Ireland. These c¥ews all rety on training. ki( rescue equipmenL lrfeboats and lrfeboat stations lo save lives at sea. Page 2
THE BALASURIYA FOUNDATION CIO Annual Report (continued) for the year ended 31 December 2023 Achievamonts, p8rfomi•nco and dgvgkpmonts {¢ontlnuod) St. Clarn Wgst Essox Hospice Carn Tnmt also kn¢Jwn as St Clare HospKe 1$ a charity rogisterad in Englond and Wales, number 1063631. Sl Clare Hospice exists lo meet the physul, PSoI0g1ca1. social and swrrtual needs of those wth advaned and piogr8ssNe lrfe limttsng illness and of their carers, through the provision of specialist palliative care serviees, based on need. as far as its resources alk7W. It is a local chanty and each year, they care for hundreds of people a¢r¢)ss Wesl Essex and the East Hertfordshire border. The charity provides free, Mmpassnote eare and support to adults who alè liwng with a life-limiting illn8ss, facing the of hle or eXFeriencing bereavement. South East Coast Ambulan¢0 Swvlco NHS Foundatlon Trnst Charft•blo Fund is a charity registered in England and Wal98. number 10S9933. The charity raises funds to support South East Coast Ambulance S6Mce NHS Foundation Trust and il uses grfted Mon to bgn8fit those in the ¢ommunrties who use its servKg and also lo improve the welfare of tho Tru¥l's staff and volunteers. Funds can also be used for projects and equipmént that 1$ not sUppld by Government NHS funding. The Mckorn Charlty Is a chaity regi318red in England and Wal88. nufflbor 1178580. The charity was gstsblished by Henry Smrth, businessman and philanlhroFXgt, a p8r30n direcdy connected to the con8equence8 of knif• crlme in Land. The charity promdes ftee after school actiwtw to the communty. offer8 SUPPOrt and servi¢88 to schools, and delNer$ employabilty work$h¢¥% and prcgrwnmes. The wsion 18 that'every ¢hihJ has the ability to fulTIl their full polenliaf and the charity targets UnderprMed young people from East London. R••orrf The chaTIty aims to distribute 811 its incom& on an annual bo818 ly)t there mey be res¢Nes remaining due to incomg in readine88 for di¥tribul¢on to worthwhile projects. In the long term it is planned for some form of inv¢slments to be (Jonat8d and Ihus the chanty to rai8e it8 fvndiro for worthwhile causeB. Publlc b•n• The trustees consKler that the obj'ecbves and aclN¢ties of the charity are in accordance with the Charity Commission8' general guidanca on public bgnèfrt. The details of public benefit are covered within other areas of this report espacialty under the heading of'Achi8v8ments, wFomiance and developments,. The foundation makes grants to chsrities, or other organisatbns working to advance charitable purposes. which gives bènefit to children, the èldèrty, Iho¥e wrth di8abilitie8, thr• of dfforonl athnic or wral ongin. Rl$k aMe88m•nt Thè trustees have considered the major risks lo which the charity is exp)sed and consider that those fisk6 have been currentty been negligible. When the chanty makes investments then it will need to re-address those risks and ensure that suitable mrxes are used and assets are covered by adequate insurance. The trustees do have a grant making policy whth incorporates ensuring thot the institutions to which grant$ are made are surtatrAe and charitable In their cmn ath"vib"es. For and on beha of the trusteos.. Raj*h8lnghe Bal26urtya Trustee Dale.. Page 3
Independent Examlnerfs Report to the Trustees of THE 8ALASURIYA FOUNDATION CIO I report lo the charity on my examination of the accounts of the chanty for the year ended 31 Decemt*r 2023 whieh are 8Ot out on pages 5 to 7. R•spon$lbllltl88 and ba¥ls of r•port As the charity twstse8 you arè respOnSle for preparation of the acL))unts in accordanc8 with the r84uirements of the Charrbes Act 2011 (Ihe ACV). I report in respect of my examination of the chaiFVs accounts carried out under sect 145 of the Act and in carrying out my examination I have folbwed all the applKable Direciion8 given by the Chanty Commission under se¢tlon 14515){bl of the Act. Indop8ndont •xamln•rf• •tatement I have Completed my exaMinatn. I confim that no material matter8 have come to my attention in onneclion with the examination gNing me cause lo beIve that in arry material respgct.. 1. accounting re¢ord8 were not kept in le8t of chanty 85 required by 8tion 130 of the Atr, or 2. the accounts do rK)l am)rd those records. I have no concem8 and have come across no other mattèr8 in connectK)n with tho examination lo whlch •tt8nlion ¥hould be drawn in thi8 report in ordgT to enabl8 a proper undgrstsnding of the accounts lo bo reached. IU. Magg Moore Thompson Chartered Accountar Spakling Page 4
THE BALASURIYA FOUNDATION CIO ststement of Flnancial Activity for thè year ended 31 December 2023 2023 2022 Incomlng rnsourc•$ Voluntary Income Donations eNed Grft Aid 17,800 6,013 8.880 6S8 23,813 9,538 In¥e8tmont Income Interest received 15 Total In¢omlng mourc68 23,828 9,538 RO•Our¢ •xp•nd•d Charftabl• A¢tlvftl•• In8titutlon•l grants mad•: halow project Royal National Lrfebcjat Instftubon South East Coast Ambulance Service NHS Foundaty"on Tfilst Charrtable Fund St Clare W8sl Essex Ho5 Care Tru•t The Pickering Cancar Drop In Centre The Wickers Small GT8nts - In8titutional 5,000 1,OLWJ 10.(h)O s,000 5,000 2.769 2.150 21.269 12,150 1,000 Individual grant8 Support Co•ts Bank Ch8Tges Independent examiners fe88 Professional Fge$ 351 695 2,125 1,860 3.2C 24,475 3.051 Total rOUr¢08 exp•nd•d 18.2DI N•t d•flclt lor tho y•ar (6471 16,663} Cash fund$ brought forward Cash fund8 carrl•d forniard 10,211 2.901 3,548 All actmlw undertaken related to Unresir fund8. Page 5
THE BALASURIYA FOUNDATION CIO Statement of Net Assets at 31 December 2023 2023 2022 Cash deposits Cash al bank 2,901 3,548 Dobtord Grft 1.563 Mon•tary au•l• 2,901 5,111 Crndltorn Accrued axpensos Independent 8xaminerf$ fo8 Mon•tary Ilabllttlo• 1,980 695 715 2.775 2,675 Totsl n•t a•8•ts 126 2,436 These accounts vnre apprOd by tho board cm .Z.%....C&kn 202* R•la8lngh• Bala•urfya Trustee Slmon Rb88•11 cffl tehatf of Panther8 Prwate Office LLP Tru8tee
THE BALASURIYA FOUNDATION CIO Notes to the Accounts for the year ended 31 December 2023 1 Accountlng pollci88 The financial statements have been prepar&J in accordance with the exemptions applicable under the statement of Recommended Pract on A¢unt.9 by Charities and the Charfties Act 2011. The stslements of financial activrbes has been prepared on a receipts and payments basis. The statement of Net Assets shows the assets of the charty and any amounls due to or owed by tha chanty. The ststement will not Indude any prowsions for liabilities and charg8s. The trustees are of the opinion that should any signthcant matters 0¢r prior to the year end, they will be disdosed within the notes of the aG¢oLtnts. 2. Tru•teo• r•munoratlon. •xp•n80* and control There have b89n no remuneratson or expenses paid to any of the trustee5 durlng the curTgnl or prKir year. The charty decisions arè made by the tmslees as a bcdy and are detailed on page 1 of thi$ report. No one Iruslee or group of trustees has a (kjminant control. 3. Rel•t•d party trnn8a¢tion• 2023 2022 Donatlon• r•¢•lv•d P8rti&s connected to Iho tnJ8tees Other donations received 17,800 3,880 5,000 17,800 8,880 Thare havo bean no other relatod party transa¢tions during the current or Ir year. Pag& 7