| Page | |||
|---|---|---|---|
| Charity information |
|||
| Trustees' | report | 2-4 | |
| Independent auditor's |
report | 5-7 | |
| Statement | of financial | activities | |
| Statement | offinancial | position | |
| Statement | of cash flows | 10 | |
| Notes to | the financial | statements | 11-15 |
| Trustees | Dr Y.K. Hamied | |
|---|---|---|
| R Hamied | ||
| P.A. Robertson | ||
| Charity number | 1183715 | |
| Auditor | Ward Williams | |
| Chartered Accountants |
||
| Statutory Auditor |
||
| Belgrave House | ||
| 39-43 Monument | Hill | |
| Weybridge | ||
| Surrey | ||
| KT13 BRN | ||
| Accountants | Dixcart International | Limited |
| Dixcart House | ||
| Addlestone Road |
||
| Bourne Business | Park | |
| Addlestone | ||
| Surrey | ||
| KT152LE | ||
| Bankers | Barclays Pic | |
| 25 Circular Road | ||
| Douglas | ||
| Isle of Man | ||
| IM1 1AD |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| Notes | 5 | ||
| llt~eotgt Donations and legacies |
4 | 28,723,547 | 10,425 |
| ~e@lttzg~ Charitable activities |
5 | 28,263,249 | 10,425 |
| Net Income for the year/ | |||
| Net movement In funds |
460,298 | ||
| Fund balances at 1 January 2020 | |||
| Fund balances at 31 December 2020 | 460,298 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | f | |||||
| Current assets | |||||||
| Cash at bank and | in | hand | 484,715 | ||||
| Creditors: amounts | falling due within | ||||||
| one year | 10 | (24,417) | |||||
| Net current assets | 460,298 | ||||||
| Total funds | |||||||
| Unrestricted funds |
460,298 | ||||||
| 460,298 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | E | E | |||
| Cash flows from operating | activities | ||||
| Cash generated operations |
from/(absorbed by) |
12 | 484,715 | ||
| Net cash used | in investing | activities | |||
| Net cash used | in financing | activities | |||
| Net increase in |
cash and cash equivalents | 484,715 | |||
| Cash and cash | equivalents | at beginning | ofyear | ||
| Cash and cash | equivalents | at end of | year | 484,715 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2020 | 2019 |
| F | 8 |
| 28,723,547 | 10,425 |
| Charitable | ac | tivities | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Charitable | Charitable | ||||||||
| Expenditure | Expenditure | ||||||||
| 2020 | 2019 | ||||||||
| 6 | 8 | ||||||||
| Bank Charges | 116 | ||||||||
| Legal fees | 2,078 | ||||||||
| Exchange | losses | 109,010 | |||||||
| Audit and | accountancy | 52,079 | 10,425 | ||||||
| 163,283 | 10,425 | ||||||||
| Grant funding | ofactivities (see note 6) | 28,099,966 | |||||||
| 28,263,249 | 10,425 | ||||||||
| Grants payable | |||||||||
| Charitable | 2019 | ||||||||
| Expenditure | |||||||||
| 2020 | |||||||||
| 6 | |||||||||
| Grants to | Institutions | (6grants): | |||||||
| Cambridge | University | 25,368,670 | |||||||
| Weill Cornell | Medical | College | 2,440,450 | ||||||
| The Royal | Society of | London for Improving | National | Knowledge | 200,000 | ||||
| Donations | to | other educational | establishments | and | institutions | 90,846 | |||
| 28,099,966 |
| 7 | Supportcosts | |||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2020 | SupportGovernance | 2019 | Basis of | |||
| costs | costs | costs | costs | allocation | ||||
| 6 | 6 | 6 | 6 | |||||
| Exchange | ||||||||
| Losses | 109,010 | 109,010 | ||||||
| Audit fees | 5,400 | 5,400 | Governance | |||||
| Legal and | Governance | |||||||
| professional | 2,078 | 2,078 | ||||||
| Accountancy | Governance | |||||||
| fees | 46,679 | 46,679 | 10,425 | 10,425 | ||||
| Bank charges | 116 | 116 | Governance | |||||
| 109,010 | 54,273 | 163,283 | 10,425 | 10,425 |
| 2020 | 2019 |
|---|---|
| 6 | 6 |
| 24,417 |
| 12 | Cash generated from |
Cash generated from |
operations | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| 6 | 6 | |||||
| Surplus for |
the year | 460,298 | ||||
| Movements | in working | capital: | ||||
| Increase in |
creditors | 24,417 | ||||
| Cash generated from/(absorbed |
by) operations | 484,715 |