Byswttr Foundhtiojj Anthuil Report For tlie YeAr Endod 31 Detemb¢r 2021 R¢gi5tered Charity No. 1181148
Bay5water FoundHtion Annual Report For the Year Ended 31 Detember 2021 INDEX P&ge5 Trustccl Annual Report Jndependeni Examinevs R¢porl Slal¢mcnt of Financial Activities Balance Sheet Notts to the Financial Stalemejjis
BAysw8ter FouTJdwtion Trub%¢eg Allnual Report For the Yeur Ended 31 D¢ceJnber 2021 LEGAL AND ADMINisfRATIVE INFORMATION Bayswal¢r Foundation i5 a yegistered cljarity Icharily number 1181148), a Charitabl¢ Incorporat¢d Or8anibation ICIOI goverlled by its Conslilution Document. The Feundation was tsiabli5h¢d to advance education for the public benefjt of people und¢r th¢ age of 25 yeays in tlie atudy of the English languug¢ and other 5Libi¢ct5 in sucll ways as the charily Iruslces think fit. In i)articular by. bul Jiot limited to, providing grant funding to ov¢rsea5 schools tor the provision of English langllaEc lessonsb providing training to th¢r5 andlorthe provisiw of vcc&tionul and digital educatio Address 167 Que¢nsway, London, W2 4SB AdYi5ers l]Jd¢p¢nd¢nt Examiner5 Myersons ICAI Limiied Chaitered Accountants 32 D¢Tby Strect, OrfflskirL Lanca5hire, L39 2BY B#thk¢r$ Meiro Bank Pl¢. I Southampton Row. London. WCIB SHA Trustees The Trustee5 of Ihe charity who serv¢d duTing lh¢ yeaT w¢re.' James Alexander Herbertson (Chair) R¢b¢rca Mary Khti Slephan Marios Roussounis The TTUStee5 rnay dtTive no benefiL iiicome or capital interest. other than reimbursemcnt of oUt-of-pkc¢ expense& No TNstee received any other amouni from Ihe Trust duringth¢ year.
Bwy5Wllter Founditlon Twsl¢¢s' Annual RcpDrl {conlinuedl For the Ycar Ended 31 December 2021 FundÉng & Unrestrlcted Funds No rcslriclion$ in place and all futlds are available to mcei th¢ charitS obje¢tlVe5. Unre51rict¢d funds arc donatlolls and other itLcomin8 resour¢e5 recetved OT generated for expenditUTe on Ihc general objectives of lh¢ charity. Risk MAllrtgement The major risks lo whi¢h the charity is ¢xpDsed, as ideniified by the Tru5t¢es. have 8nd continue to be reviewed and systems and proc¢durc5 established to tnitigale Ihose risks. Those 5y5tems and proccdur¢s tDonitor¢d on a regular basis by Ihe Tru51ccs. Taxation StAtus I'he Baysivater Foundation is & r¢gi5tcred eh8rityand a5 such is tLOt liable to Corporation gr Incotnc Tax. Achievemints & PerformAn¢e In 2021, B4y5waler gave 2,650 student wecks of English 18nguage classes io people froJn le55 privilegcd bA¢kgTounds in Brazil, Colombia and th¢ UK. A sludent week is defined as at least 3 hours of language tuition and will work on the corc skills of reading, iwTilin& spcaking and lisleiiiiig and above all, improve the Students ¢onfidcncc 21 CQtntniinicating in English. DurinE the pandemi¢ our programtt)es abroad tv¢re unable for long riods to operate a5 they were shut due to COVID-19. stst¢vtents of Trustee5' Responslbilitie5 Charity laiv requires the Trustees to prepa financ(al stttlement for ea¢h financial ar which givc a true and fair view ofihe slate of affairs of the charily. The Trustccs are rcspon5iblc for kecping propel. accounting records iyhich disclose ivith reasonable accuracy ai any time th¢ financial position of th¢ charity. Tliey are also responsible for s&f¢guarding the we15 of the chaTlty and hett¢¢ for taking reasoThable Steps foT the prevention and dcteclion of fiTrud and oih¢r irregularitie& 2811012022 Jai Alexandtr H¢rbertson Date
B*y5Wllter FoundAtIo Indepejident Examinevs Report to the T1¢¢$ & Metnbcrs ofihe BayswateT Foundali(xJ We report on the accounts of the ¢hariiy forthe year ended 31 tke¢mb¢r 2021.which ar¢ set out on pages 5 to 8. R¢5pon5ibilities of Trustee5 A5 tbe charity's Iru.8l¢e5 you are responsible for Iht prepaT&iion of accounts in accordance with the requirement of Ihc Charilies Act 2011 I'the Acl"). Bi$15 of Independent Examiners Report We report in r¢5pect of our examination of the FoundatiotJ's accounts ¢arried out under section 145 of tlie 2011 Act and in carrying out our exaininalion, we have follow¢d all thc applicable DtCtiOnS given by the Charity Commission under section 1451Sllbl of the Act. Independent ExAmlthtr'5 Skntement We have cDmplet¢d oui. examination. We confiirn that no matcrial m&llers have cornc to our atten¢ion in conntction wilh th¢ cxamination ivhich give us cau5¢ to belicvc tliat in, any material rpect.. Ihe ac¢ounling records were not kept In o¢¢ordanc¢ with secliojj 130 of ihe Charities Act. or th¢ accounts did not a¢¢ord with th¢ accounting records. or Ihe accounis did not comply %Yith Ihe applicablc r¢quir¢m¢nts concerning the form and coJ)lent of account5 Set out IJJ ihe Ch&Tltie5 IAccouiit5 and Rcports} Regulations 2008 other Ihan any requiremcnt that the accounts give a'li'ue and fail view which is not a mailer ¢onsidered as parl oF&n indcp¢ndenl exarnination. We liave no ¢on¢¢rns aiid havc come a¢ross no oth¢r tnatier5 in connection with th¢ examination to which atl¢ntiotL should be drawn in this report in ordei. to enable a proper undcrsianding of thc accounts to b¢ r¢ach¢d. Myersons ICA) Limiied Charlcred Accounlgnt5 Datc..
FoundAti Jnent of FiihAJlel Activities For the Ye#r Decembtr 2 21 020 INCOME Donations rundraising ev¢ots Donations in lieu of payn]ent of 5uvices Other 9,779 1.014 25 250 io 67 Total Incoming Resources 10,039 1,106 EXPENDITURE (Note 2) R8ising fund5 Charitable activities Adtninistration Other expenditure 216 4,563 216 125 496 Total resourtes expended 4,905 1,833 Net irJtoJnellexpendtture} b¢fore investment gilthsl{lo5ses) 5,134 -n7 Net gainsl(10ssesl on investhients Other ré¢ogni5ed gAiks & losse5 Othergain51(IosK5} movement furtd S134 -727 RECONCILIATION oir FUNDS Total fththd5 brought forwArd @ I January 2021 93 820 TotHI fund5 carried forward @ JI Dettmber 2021 5.227 93
r Fotsn lanee Sheet SAt31D r 2020 2021 020 Fixed A55ets Current AM¢ts Cosh & bank 5.227 4,833 5,227 4,833 Less: eurrent liabilitie5 Accr1$ & Deferred Income 4,740 Net eurr¢nt R55ets 5,227 93 TotAI net 455ets 5,227 93 Funds of tli¢ Charity Unrestrltted Reserves Balanc¢ at l January 2021 93 820 Movement for the year 5,134 -727 BAl#nc¢ at31 Deeember 2021 S,227 93 Th¢ fin&ncial slat¢tnents on pages 6 to 9 werc approved by the tru5tces on.. and were signed on ils behalf by.. 2811012022 Alexander Herbertson
wfiter Foundati Notes lo tlie FinanciAI c Year Ended temcnls l Actoutrjtlng Policies BRSIS ofAccokntrJtirJg These accounts have been prepared under the historical c051 convention with item5 recognised at C05t or transaction value unles5 otherwise stated in thc relevant Rotelsl to these account& The accounts hav¢ bEen prepared in accordanee with the Siai¢mcnt of Recommended Praclicc.. Atcounling and Reporting by Charitie5 prcparing their accounts in accordancc ivith the Fin2ncial Reporting Standard appli¢nble in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Act 2011. INCOME Retognition of income Illtom¢ 15 included in the Statetnent of Financial Activities ISOFAI Ivhett., Ihe charity be¢omes entitled lo the resour¢e5' It is more likely IhaTL not that the trustees will receiv¢ th¢ resources. attd the monetary value can b¢ tneasured with sufficieot liability. DonAtod $tryices And faeÉlitles Dojjated servi¢¢5 and faci12ties are included in the SOFA when Teceived at the value ofthc to the charity provided thc value of lh¢ gift caTh be mca5ured reliably. Donalcd 8ervi¢e5 and facilities that arc cllnsumed immediately are recognised 45 income wiitl an eouivalent amount recogTrised a5 an expe¢ under the appropriaic heading in the SOFA. EXPENDITURR AND LJABILITILS Liability reeogthltlo Littbililie5 are recognised wher¢ it is more likely Ih8n not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with rea50n&ble certainty. 2 ANALYSIS OF LXPENDITURE ChArltxbl¢ Activities 2021 2020 Teaching costs A0MMOdation costs Cours¢ ¢0sls 4.563 4,563
s to the Fiiiancial Sid 'ndcd31 D nts continiied Administrat10 ¢05t5 2021 2020 Bmk Chge5