B*ysw*ttr 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 t￿h¢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 K￿hti
Slephan Marios Roussounis
The TTUStee5 rnay dtTive no benefiL iiicome or capital interest. other than reimbursemcnt of oUt-of-p￿kc¢
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¢ charit￿S 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 T￿￿1¢¢$ & 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 Dt￿CtiOnS 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 r￿pect..
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
Accr￿1$ & 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
A￿0MMOdation costs
Cours¢ ¢0sls
4.563
4,563

s to the Fiiiancial Sid
'ndcd31 D
nts
continiied
Administrat10￿ ¢05t5
2021
2020
Bmk Ch￿ge5