| 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 |