THE BALASURIYA FOUNDATION CIO CHARITY COPAMISSION REGISTERED NO. 1175296 STATEMENT OF ACCOUNTS for th• ymr ended 31 Decembor 2024 THE BALASURIYA FOUNDATION CIO Charity Inforniation Charlty numbor: 1175296 Roglstorgd Offl¢o Panthera Privat8 Office LLP Aldermary House 10-15 Queen Street London EC4N 1TX Tru*tee8 Raiasinghe Balasuriya James Balasuriya Anna Carol 8alasuriya Panthera Pnvate Office LLP Chalr Bank•v• Metro Bank One Southampton Row London WC1B SHA Ind•pend•nt Examlnof K.J. Magg$ B.A. F.C.A. Hoekman Way Spalding PE113HE Page 1 THE BALASURIYA FOUNDATION CIO Annual Roport lor the year ended 31 Decemb•r 2024 The trustees present their re[￿ with the ffinanc￿l statements for the year ended 31 December 2024. The financHI statements comply with the Chth Act 2011 having ￿en prepared on a receipts and payments basis. The Balasuriya Foundation CIO was registered in ErKJkand and Wales a8 a Chantabie Incorporated organisats.on on the 23 October 2017 with charrty registeraj number 11752*. The objects of the charity shdl be the advancement of chaiitable purpM)ses (acwrding to the law of England & Wales) for the benefrt of the public. as the trustees see fit from bme to ts"me, in particular. bul not limited lo making grants to charits"es. or other opJanisatwis or mdiV￿ualS wor￿"n9 to advanrA8 chantabl8 purposes. Tru•tM• The trustses who 8r8 8180 the membgr8 and ser￿d th& chanty duriffj the period are delalled on Page 1. New trustees are appointed by the Current trustees from people over 16 wl)o have shown a keen interest in the work of the charty and have aknlibes required on the govemiry 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 wrth a current copy of the ¢0n$tslut￿Tr and latest annual rewrt arKI financial ststements. Tru•t•H r••poMlbllltl•# The Trustsos are required to prepare financ￿1 statements each finanaal wiod whlch gfvo a true and fair vi8w of the stsle of affairn of the Charfty and of rt8 In￿Me arKI expendilure for th8t period. In preparlng Ihose financial statements, the Trustees a￿ required to.. selecl Suitable accountlng poliaes and then appty them o)nsistently, make judgements and e$timats8 that aro reasonable and prudenL • State whether applicable accountsn9 St8nd8rds and ststements of re¢ommend8d prxtlce have boan fo[low￿, subject to any departures disdoged and explaine(l in th8 financial slatements., and ' prepare the financi81 ststements on Ihe goiTrJ concem basi8 unless it * Inappropr* to presume that the charity wil continue in OpWati￿. The trustees are reS￿nSIble for keeping ac¢ounting records wh￿h disdose wrth reasonable accuracy the financ￿1 pOS￿"0n of the charity and whKh enable them to ensure that the financial statements comply with the Charities Act 2011. Flnanclal rovlgw The results for the chanty for the ffinar￿bal year are detailed on pages S to 7. A¢hl•vomonts, p0rlomian￿ and d•volopffl•nts The foundatKJn has generated income and awarded grants as shtrwn within the financial statements. The charity has been a￿0 to offor support the folknving main charit￿5 as well as other smaller grants to Institutions amounting to £1,15012023- £2.769)- Nepal Youth Foundatlon UK is an org8nisation which is regL%tered with the Charity Commission in England and Wales, number 1182261. The charity offer hope and opportunty to Nepal's most disadvantaged childTen by provKling them wrth what is every chihJ's birth right- v¢tal healthcare, education and a nurbjring home. The charty is a heath, wellare and educational charity *thich acts as a resource for young people living in Nepal by providing advi￿ and asgstance. It organises programmes of physical, educational and other activities to advance in life and help young people by developing their skills, capacities and capabilib'es to enable them to parb"upate in %)Ci8ty as ￿d@pendent mature and responsible indmdual. Pap2 THE BALASURIYA FOUNDATION CIO Annual Report (contlnued) for the y￿r ended 31 Decembor 2024 Achlfrvomonts, porf0rn7anc• and dWelopn￿nts Iconllnugd) Nepal Youth Foundation UK adwances educallon. prov¢des nutribon centr8S to restore the health of Seve￿lY malnourished chiklren aThJ to educate the child's carer on heatth. hyg￿ne and nUtT￿.on lo stop the Cycle of malnutritton. ProvKling residenbal care for destitute children wl*re there 1$ no family alternative avai18bFe,' relieviNJ unemployment Ros8rv The chanty aims to distribute all its income on an ¥tnual ba818 but there m8y ke reserves remaining due to ncome in r8adiness for distribution to worthwhib pro1￿￿. In the long temi, il is planned for some form of investments lo donated and thus alkm the charity to raise funding for worthwhile cause5. Publlc bon• The Irustses cOns￿er that the objectives and actNibes of the charity are in accord8n¢a with Ihe Charity Commissions, general guidance on publ￿ benefiL The detaib of Publ￿ benefit are covered wrthln oth&r ar8as of this report especialty under the hthsing of'Athievements. perfornance and developments,. The foundats.on makes grants to chanbes. or other organisatK)n8 working to advance charitable purposes, whi¢h gives benefrt to chikjren. thè eldety, thoso wllh disabllitles. those of different ethn￿ or rackql origln. Rhk ass•8•m•nt The trustees have Conside￿ the major risks to which the chth exposed and cons￿0( that thoso ri8k8 have been currently been neglKJible. When the chanty rnak￿ investsnents then il wll need to re-&Jdres8 those risks and ensure that suitable mixes are used and assets are Coverod by adequate insurance. The trustees do have a grant making Wicy which inry)rp)rate8 ensurkng that the instituts'ons to vthich grants are mad& are 8Urtabk8 and cllantabb in thelr For and on bettalf of the trustee8'. Rajahsingho Bala8urty• Trustee Date.. 1.9Ah AuAust - 202& Page 3 Independent Examinorfs R•port to the Tn￿tee$ of THE BALASURIYA FOUNDATION CIO I report to the chanty on my examination of the xcourrts of the for the year ended 31 De¢ember 2024 Nthich are set out on pages 5 to 7. R•spon8ibilitios and basis of r•wt As the chanty tnjstees you are resp)nsit4e for the preparath)n of the a¢c¥)unts in ￿CordanCe with the roquir•m•nts of the Chafities Act 2011 flhe P£Y). I r8POrt in r8SFfjcI of my eXaMinat￿n of the chariiws accounts carried out under secth)n 145 of the A¢t and in cafrying out my examination I have f￿h)Wed all the applThbie Dir&Xons gNèn by th? Charfty Commission under section 14515)(bl of the Act Indapondent examlneff• •tstsmont I have completed my examination. I conffim) that r￿ material matiers have come to my attontion In connection with the examinth'on gNing me cause to believe that in any material respect accounting Tecords ￿re not kept in Tespect ol the charty as required by section 130 of the Act.. or 2. the ac£ounts do not accord T￿th those records. I have no concems and have come across no other matters in conrtttron the ex8mlnation to whlch attentson should be drawn in this report in order to enable a proper understsnding of the ac¢ount5 to b8 reached. J. Magg• . F.C.A M¢)ore Thompson Chartered Accountants Spalding Date. *.I.thE￿..-.--. 2026. Page 4 THE BALASURIYA FOUNDATION CIO Statement of Financial Actfvity for the yoar endod 31 De¢ern￿r 2024 2024 2023 Incomlng ve8ourco• Voluntary Incom& Donations received Gift 8.215 17,800 6.013 Invèstrngnt Income Interest received Total Incomlng rg•oiirc 8,215 23,813 15 8,215 23.828 RMoure•8 gxp•nd•d Charltable ActlvltJo1 Institutlonal grnnts mad•: Nep81 Youth Foundation UK Royal Nab"onal Lifeboat Instslution South East Coast Ambulance Seth NHS Foundation Trust Charitable Fund st Clare West Es8ex Hospice Care Trust The Wickers Small Grants- Instituttonal 2,500 10,000 5,000 2.769 1.150 3.650 21,269 Support Co•ts Bank Charges Independent examlners fees Professional Fees 715 2.105 695 2.125 3,180 6,830 3,206 24,475 Totsl r•wurc•• •x￿nd•d N•t •urplu• l (d•ficltl for th• ymr Cuh lund$ brought forward Cuh fund• carrl•d foM*rd 1,385 16471 2.901 4.286 2,901 AJI actlvlties undertaken related to unfostricted funds. Page S THE BALASURIYA FOUNDATION CIO Statement of Net Assets at 31 December 2024 2024 2023 Cash deposhs Cash at bank 4.286 2,901 Gift Akl 2.054 Alon•tary amots 6,340 2.901 Creditor• Accrued expenses Independent examinerts fee Mon•tary Ilabllttl 1.440 720 715 2.160 2,775 Tolal n•t a•••ts 4.180 128 These accounts were approved by the bowd on ..Wl**tr.-.. 2026. RaJ•$lngh• 8ala8urtya Trustee SlmoTr Ru•• Truslee 11 on I￿hAlf of pantr￿ra Prfvats Oftke LLP Page 6 THE BALASURIYA FOUNDATION CIO Notes to the Accounts for the year endod 31 December 2024 1 Accountlng pollcies The financial statements have been prepar￿1 In accordance with the exemptions applieable under the statement of Recommended practi￿ on Accounting by Charib"e$ and the Charities Act 2011. The statements of financial actsvit￿ has been prepared on a receipts and payments basls. The statement of Net Assets shtrws the assets of th8 chanty and any amounts due to or owed by the ch8nty. The statement will not include any provisions for IrabilitEs and charges. The tnjstees are of the opinion that should any Sfjnir￿nt matters occur pr#Y to the year end, they will b8 disclosed wthin the notes of the accounts. l Tru81••• r•mun•rntlon, 0x￿n808 and control There have been no remuneration or expenses pahl to any of the lJustees during the current or prlor year. The charity d&isions are made by the Injstees as a bc¥Jy and are detsiled on page 1 of this rep)rt. No one tru5te8 or gioup of truste88 has a dominant control. 3. R•lat•d wrty irnn•a¢tlon• AJI donakn'ons have b¢en T8￿Ved Irc*n parties o)nnected to the trustse8. There have been other related party transxtions during the ￿rrent or prior year.