2021-12-31-accounts

	Page	Page	Page
Charity information	1
Trustees report	2	-	3
Statement oftrustees responsibilities	4
Independent auditors report	5	-	7
Statement offinancial activities	8
Statement offinancial position	9
Statement ofcash flows	10
Notes to the financial statements	11		- 15

Trustees	DrY.K. Hamied
	F. Hamied
	P.A. Robertson
	A. Sexton
Charity number	1183715
Auditor	Ward WiHiams
	CharteredAccountants
	StatutoryAuditor
	Beigrave House
	39-43 Monument Hifl
	Weybridge
	Surrey
	KT13 8RN
Accountants	Dixcart International Limited
	Dixcart House
	Addlestone Road
	Bourne Business Park
	Addlestone
	Surrey
	KT15 2LE
Bankers	Barclays Plc
	25 Circular Road
	Douglas
	Isle of Man
	Ml lAD

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
	Notes	£	£
Income from:
Donations and legacies	4	2,992,796	28,723,547
Expenditure on:
Charitable activities	5	200,563	28,263,249
Net income for the year!
Net movement in funds		2,792,233	460298
Fund balances at 1 January 2021		460,298	-
Fund balances at 31 December 2021		3,252,531	460,298

		2021		2020
	Notes	£	£	£	£
Current assets
Debtors	10	2,242,289
Cash at bank and in hand		1057,415		484,715
		3,299,704		484,715
Creditors: amounts falling due within
one year	11	(47,173)		(24,417)
Net current assets			3,252,531		460,298
Total funds
Unrestricted funds			3,252,531		460,298
			3,252,531		460,298

			2021	2020
		Notes	£	£
Cash	flows from operating activities
Cash	generated from operations	15	572,700	484,715
Cash	and cash equivalents at beginning of year		484,715	-
Cash	and cash equivalents at end ofyear		1057,415	484,715

Unrestricted	Unrestricted
funds	funds
2021	2020
£	£
2,992,796	28,723,547

Charitable activities
	Charitable	Charitable
	Expenditure Expenditure
	2021	2020
	£	£
Bank charges	128	116
Legal fees	36,683	2,078
Exchange losses	215,449	109,010
Audit and accountancy	27,830	52,079
Postage and courier	122	-
	280,212	163,283
Grant funding of activities (see note 6)	(79,649)	28,099,966
	200,563	28,263,249

	Charitable	Charitable
	Expenditure Expenditure
	2021	2020
	£	£
Grants to institutions:
Cambridge University	2,025,000	25,368,670
Weill Cornell Medical College	(2,440,450)	2,440,450
The Royal Society of London for Improving National Knowledge	-	200,000
The Royal Society Yusuf Hamied Programme for India	200,000	-
Adapthealth	50,368	-
Donations to other educational establishments and institutions	85,433	90,846
	(79,649)	28,099,966

7	Support costs
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
		£	£	£	£	£	£
	Exchange Losses	215,449	-	215,449	109,010	-	109,010
	Postage and courier	122	-	122	-	-	-
	Auditfees	-	5,400	5,400	-	5,400	5,400
	Legal and professional	-	36,683	36,683	-	2,078	2,078
	Accountancy fees	-	22,430	22,430	-	46,679	46,679
	Bank charges	-	128	128	-	116	116
		215,571	64,641	280212	109,010	54,273	163283

Debtors
	2021	2020
Amounts falling due within one year:	£	£
Other debtors	2,223,969	-
Prepayments and accrued income	18,320	-
	2,242,289	-

11	Creditors: amounts falling due within one year
		2021	2020
		£	£
	Accruals and deferred income	47,173	24,417

15	Cash generated from operations	2021	2020
		£	£
	Surplus for the year	2,792,233	460,298
	Movements in working capital:
	(Increase) in debtors	(2,242,289)	-
	Increase in creditors	22,756	24,417
	Cash generated from operations	572,700	484,715