| Page | ||
|---|---|---|
| Charity information |
||
| Trustees' report |
2-4 | |
| Independent auditor's |
report | 5-7 |
| Statement offinancial |
activities | |
| Statement offinancial |
position | |
| Statement ofcash flows |
10 | |
| Notes to the financial | statements | 11 - 14 |
| Trustees | Dr Y.K. Hamied | ||
|---|---|---|---|
| F. Hamied | |||
| P.A. Robertson | |||
| A. Sexton | |||
| Charity number | 1183715 | ||
| Auditor | Ward Williams | ||
| Chartered Accountants |
|||
| Statutory Auditor | |||
| Belgrave House | |||
| 39-43 Monument | Hill | ||
| Weybridge | |||
| Surrey | |||
| KT138RN | |||
| Accountants | Dixcart International | Limited | |
| Chartered Accountants |
|||
| Dixcart House | |||
| Addlestone Road |
|||
| Bourne Business | Park | ||
| Addlestone | |||
| Surrey | |||
| KT152LE | |||
| Bankers | Barclays Pic | ||
| 25 Circular Road | |||
| Douglas | |||
| Isle of Man | |||
| IM1 1AD |
| Unrestricted Unrestricted |
Unrestricted Unrestricted |
||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| Notes | E | ||||
| Income from: | |||||
| Donations and |
legacies | 3 | 9,964,355 | 2,992,796 | |
| Ex enditure on: | |||||
| Charitable activities |
4 | 12,906,578 | 200,563 | ||
| Net (expenditure)/income Net movement in funds |
for the year/ | (2,942,223) | 2,792,233 | ||
| Fund balances | at 1 January | 2022 | 3,252,531 | 460,298 | |
| Fund balances | at 31 December 2022 | 310,308 | 3,252,531 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Current assets | |||||||
| Debtors | 2,242,289 | ||||||
| Cash at bank and in | hand | 322,914 | 1,057,415 | ||||
| 322,914 | 3,299,704 | ||||||
| Creditors: amounts | fatting due within | ||||||
| one year | 10 | (12,606) | (47,173) | ||||
| Net current assets | 310,308 | 3,252,531 | |||||
| Total funds | |||||||
| Unrestricted | funds | 310,308 | 3,252,531 | ||||
| 310,308 | 3,252,531 |
| Notes | 2022f | 2021 | ||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||
| Cash (absorbed operations |
by)/generated | from | 13 | (734,501) | 572,700 | |
| Cash and cash | equivalents | at beginning | ofyear | 1,057,415 | 484,715 | |
| Cash and cash | equivalents | at end of | year | 322,914 | 1,057,415 |
| Charitable a |
ctivities | |||
|---|---|---|---|---|
| Charitable | Charitable | |||
| Expenditure | Expenditure | |||
| 2022 | 2021 | |||
| F | ||||
| Bank charges | 49 | 128 | ||
| Legal fees | 22,878 | 36,683 | ||
| Exchange (gains)/losses | (314,951) | 215,449 | ||
| Audit and accountancy | 21,996 | 27,830 | ||
| Postage and | courier | 122 | ||
| (270,028) | 280,212 | |||
| Grant funding | ofactivities (see note 5) | 13,176,606 | (79,649) | |
| 12,906,578 | 200,563 |
| Charitable | Charitable | |||||
|---|---|---|---|---|---|---|
| Expenditure | Expenditure | |||||
| 2022 | 2021 | |||||
| F | f. | |||||
| Grants to institutions: | ||||||
| Cambridge | University | 12,525,000 | 2,025,000 | |||
| Weill Cornell | Medical College | (2,440,450) | ||||
| The Royal | Society Yusuf Hamied | Programme | for India | 200,000 | 200,000 | |
| Ada pthealth | 50,368 | |||||
| Fundacion | Cudeca | 430,525 | ||||
| Other | 21,081 | 85,433 | ||||
| 13,176,606 | (79,649) |
| Support cos | ts | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | ||
| costs | costs | costs | costs | ||||
| F | F | F. | f | F | |||
| Exchange (gains)/losses | (314,951) | (314,951) | 215,449 | 215,449 | |||
| Postage and | courier | 122 | 122 | ||||
| Audit fees | 5,940 | 5,940 | 5,400 | 5,400 | |||
| Legal and professional | 22,878 | 22,878 | 36,683 | 36,683 | |||
| Accountancy | fees | 16,056 | 16,056 | 22,430 | 22,430 | ||
| Bank charges | 49 | 49 | 128 | 128 | |||
| (314,951) | 44,923 | (270,028) | 215,571 | 64,641 | 280,212 |
| 9 | Debtors | ||||
|---|---|---|---|---|---|
| Amounts falling due |
within one year: | 2022f | 2021 F |
||
| Other debtors | 2,223,969 | ||||
| Prepayments | and accrued income | 18,320 | |||
| 2,242,289 | |||||
| 10 | Creditors: amounts | falling due within one year | |||
| 2022 E |
2021f | ||||
| Accruals and | deferred | income | 12,606 | 47,173 |
| The Foundation had no debt during |
The Foundation had no debt during |
the year. | |||
|---|---|---|---|---|---|
| 13 | Cash generated from operations |
2022 | 2021 | ||
| F | F | ||||
| (Deficit)/surpus for the year |
(2,942,223) | 2,792,233 | |||
| Movements in working capital: |
|||||
| Decrease/(increase) in debtors |
2,242,289 | (2,242,289) | |||
| (Decrease)/increase in creditors |
(34,567) | 22,756 | |||
| Cash (absorbed by)/generated |
from operations | (734,501) | 572,700 |