Charity Registration No. 1183716
The Yusuf & Farida Hamied Foundation
Audited Financial Statements
For the year ended
31 December 2024

The Yusuf & Farida Hamied Foundation
Contents
Page
Charty information
Trustees. report
Statement of trustees, responsibilities
Independent 3udrtorfs report
Statement of financial activiti8S
Statement of financial position
Statement of cash flows
10
Notes to the financial statements
••

The Yusuf & Farida Hamied Foundation
Charity Information
Trustees
Dr Y.K. Hamied
F. Hamied
P.A. Robertson
A. Sexton
Charlty number
1183715
Auditor
Ward Wlliams
Chartered Arcounlant5
Statutory Auditor
Belgr3ve House
3943 Monument Hill
Weybridge
Surrey
KT13 8RN
Accountants
Dixcart Intemational Limited
Chartered AccoLJntsnts
Dixcart House
Addlèstone R03d
Bourne Business Park
Addlestone
Surrey
KT15 2LE
Bankers
Barclays PIC
25 Circular Road
Douglas
Isle of Man
IM1 IAD

The Yusuf & Farida Hamied Foundation
Trustees, Report
For the year ended 31 December 2024
The trustees present their ann￿￿ report and finanaal statements for the ye8r ended 31 December 2024.
The financial statements have been prepaTed in accordance wfch the acwunting policie5 set out in note 2 to the
financial slalements and comply with the Foundation's goveming document, the Charities Act 2011 and
"Accounting and Reporting by Charities.. StatÉmènt of Recommended Practi￿ applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 (effective 1 January 20191"
Objectlves and activitie5
The Foundation's objectives are..
the advancement of education.,
the relief of sickness and the preservation of good health.,
the prevention or relief of poverty.,
the advan￿ment of the arts.,
the promotion for the benefrt of the public of the conseNation, protection and improvement of the
physical and natural environment and to advance the Èducab"on ol the public in such matters.
The poliaes adopted in furtherance of these objectives are retaining ongoing dialogues with organisations and
institutions that would be able lo deploy Teceipt of donations in such a way as lo further these objectives. There
has been no change in these during the year.
The Foundation has been established mainly to help to educate individuals about health issues and prevent
sickness, primarily impacting people in the developing world. The Foundation will achieve this by provtding
donations and funding to laboratories and academic institutions, as well as to projeds SUPPOrting global health
through knowledge.
The tru8tee8 have paid due regard to guidaneè Issued by the Charity Commission in deciding wh* activities the
Foundation should undertake.
The Foundation rfcself does not carry out dire¢t activlties, bul rather makes funding available to those who support
its objectives.
The Foundation remains concerned at the quallty of the applications and reporting from those organisations lo
which grants are awarded, To promote the best use of its resources and lo mitigate the risk of fraud, of which
there is no evidence, the Foundation continuès to review and update its grant niaking pro￿sSes.
AchieveTnents and performance
The Found8tion is delighted to have made donations to a number of educational institutions in order for them to
make support available to those studying and promoting global health into the ftJtur6.
Financial review
There is no fomial reserves policy in place. The trustees are of the opinion that no on90ing commitments are in
place that would infringe the Foundation's ability lo meet its obligations. The main reasons being that its fixed
expenses are ltrw and no longer lemi donations are committed lo wilhoul support from the primary benefactor. At
the year end there were reserves of £1,603,63312023 - £670,9951.
The results show suffiryenl levels of donations received to continue and furtherthe charitsble purposes.
The trustees h3vÈ assÈs$ed the major risk5 to which the Foundaliori Is eKposed, and are satisfied that systems
are in place to mitigate exposure to the major ri$k8.
Consideration of the risk register and the rnitigalion of risk is a stsnding item on the agenda of the Board.

The Yusuf & Farida Hamied Foundation
Trustees. Report {Continued)
For the year ended 31 December 2024
Financial review Icontinued
The Foundation plans to continue its efforts with all of its objectives including continuing support with global
efforts against the spread of wide$p￿ad disease.
The plans for the future are lo continue lo seek appropriate causes in line with the Foundation's purposes,
particularly in view of the current global health crisis, bL*t also to support longer term vole￿ which could help
healthcare for 9eneration8.
Structurei governanc8 and manag8m&nt
The Foundation is a charita￿@ foundation and is govemed by th8 consb"tution dated 21 May 2019. The
foundab.on was registered as a charity wlhin the meaning of the Chaiities Act 2011 wth effect from 4 June 2019,
regislered no.. 1183715.
The Iruslees who served duTing the year and up to the date of signature Df the financial statements were..
OrY.K. Hamied
F. Hamied
P.A. Robertson
A. Sèxton
None of the trustees have any benefiryal interest in the Fout)datlon. All of the Ifu$lees a￿ tt￿MberS of the
Foundation and there is no requirement for the trustees lo make any contribution in the event of a winding up.
The trustees administer the Foundation through a both ¢omprislng all Ir1151ee5 which lakes and reviews all
major decisions, including deciding on the approval of projects and the donation of funds. The board also reviews
the strategy, operations and risk management of the Foundation and ensurès that dèeAsions contorm to the
objectives.
New ￿Ste￿S undergo a personalised programme of induction. Tru$lee$ afft required to acquaint Ihemsefves
regularfy with the publications of the Charty Commissioners.
Trustee$ are entitled to claim expenses for attendance at meetings of the Board of Trustee5 and such actiwtie5
as they undertake in representing the Foundation. P40 trustee is paid for iheir duties as a trustee.
Trustees are required to declare conilicts of interest al appointment, and any such interests are reviewed by the
board on an ongoing basis. The trustees are satisfied that the relationship with thè primary bèn8factors does not
impact on the integrity of the Foundatitsn.
.a(w' report was approved by the Board of Trustees.
obeitswn
TnJstee
17.10.25
D*ed:.........................

The Yusuf & Farida Hamied Foundation
Statement Of Trustees. Responsibilities
For the year ended 31 December 2024
The trustees are responsible for preparing the Trustees. Report and the financial statements in accc}rdan￿ N4rith
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to tharities in England and Wales requires the trustees to prepare finanaal statements for each
finanaal year which give a tme and fsir view of the state of affairs of the Foundation and of tre incoming resour￿￿
and application of resources of the Foundation for that year.
In preparing these financial ststements, the trustees are required to..
select surtatjle accounting poliaes and then apply them consistenuy",
observe the methods and principles in the Charities SORP.,
make jLJdgémènts and estimates that are reasonable and prudent.,
state whether applicable accounting standards havè bèèn followed, subject lo 3ny material departLJre3 di8dosed
and explained in the finanaal stslements,. and
prepare the finanaal statements on the going concern basis unless it is in2ppmpriat& to presume that the charity
11 continLJe in operation.
The trustees are respons￿bI& for keèping sufficT8nt accounting records th31 diyclose wlh reasonable 8ccuracy * any
tirne thè financial position of the Foundation and enable them to ensure that the finanaal statements comply ¥Mth
the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for
the prevention and deteth.on of fraud and other irregularrties.
4•

The Yusuf & Farida Hamied Foundation
Independent Auditor's Report
To The Trustees Of The Yusuf & Farida Hamied Foundation
Opin40
We have audited the financlal statements of Th& Yusuf & Farlda Hamled Foundation Ilhe 'Foundallon') for the year
ended 31 December 2024 which comprise the statement of finanaal activities, the statement of financial position,
the statement of cash flows and the nolÈs to the financial statements, including a summary of significant accounting
policies. The financial reporting fr8mpwtsrk that has been applied in their preparatlon is applicable law and United
Kingdom Accounting Standards, induding FRS 102 The Financial Reporting Standard appI￿able in the UK and
Republic of Ireland (United Kingdom Generally A¢cepled Ac¢ounts'ng Pradicel.
In our opinion, the financial statem6nts'.
give a true and fair view of the state of the charity's affairg as at 31 December 2024 and of its incoming
resoLJrces and application of ￿SourceS including its income and expenditure account, for the year then ended..
have bÈen properfy prepared in accordance with United Kingdom Generally Accepted Accounb"Trg PTactice',
and
have been prepaTed in accordan￿ Tmth the Charities Act 2011.
Basi5 for opinion
We conducted our audit in accordance with International Standards on Auditing IUK) {ISAs IUKII and applicable
law. Our responsibilities under those standards are further described in the Autlitor's ￿spOnSibl1111es for the audit of
the financial statements section of our report. We are independent of the Foundation in 8ccordanc8 with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that thè 8LJdit evidéncé w8 have obtained 1$ sijfficienl and appropriate lo provide a basis for our opinion.
Conclusions relating to going concorn
In auditing the finanaal statements, we have conejuded that thè trustéÈs' use of thè going con(*m basis of
accounting the preparation of the financ4al statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
¢onditions that, indiwdually or collectively, may cast significant doubl on the Foundelion's ability lo continue as a
going concem for a period of at least twelve months from when the fi'nancial statements are authorised for issue.
Our responsibilitie5 and the responsibilitie5 of the trustees with respect to going concem are described in the
relevant sections of this report.
Other infomiation
The other information comprises the information induded in the annual report other than the financial statements
and our auditorfs report thereon. The trustees are re5POn5ible for the other information contained within the annual
report. Our opinion on the finanaal statements does not Gover the other informab.on and we do not express any form
of assurance conclusion thereon.
In ￿nnectIon ￿th our 8udil of the financial slalemenls, our responsibility is lo read the otheT infomialion and. in
doing so, consider whether the other infomiakn'on is materially inconsistent with the financial statements or our
kno￿edge obtained in the course of the audit, or otherwise appears to be Thaterially misstated. If we identrfy su
m8teiial inconsistenGies 01 apparent material rmisslatemenls, we are required to delemiine whether this gives Thse to
a materi31 misstatement in the finanaal statements themselves. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information, we are required to TepDrt that tsct.
We have nothing to ￿port in this regard.
••

The Yusuf & Farida Hamied Foundation
Independent Auditorfs Report {Continued)
To The Trustees Of The Yusuf & Farida Hamied Foundation
Matters on which we are required to report by exception
Vvè have nothing lo report In respect of the following matters in relation to which the Charities {Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees,
report.. or
suffiaent accounting records have not been kept., or
th& finanual statemènts are not in agreÈmÈnt with the 8CCOLJnling records.. or
we have not ￿CeiVed all the inform3lion and explanations we Tequire for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the tru3tees are responsible for the preparation
of the finall￿￿1 st8lement8 and for being sab"sfied that they give a true and fair Mew, and for such internal control as
the trustees determine is necessary to enable the preparation of finanaal statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Foundation's ability lo continue
as a going concern, disdosing, as applicable, matters related to going concern and using the going coneem basis of
accounting unless the trustees either intend to cease Dperations. or have no realistic alt2mative but to do so.
Auditor's rèsponsibiliti8s for the audit of th8 financial statements
We have been appointed as auditor Ljnder section 144 of the Charities Act 2011 and report in accordance with
regulab'ons rnade under section 154 of that Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstaternent, whether due to fraud or eThor, and to issue an auditor's report that indudes our opinion.
Reasonable assuranee is a high level of 3ssurance but is not a guarantee that an audit conducted In arLordance
with ISAS IUKI will always detect a rnaterial misstatement when it exists. Misstatements can arise from fraud or
e￿or and are considered material if, individually or in the aggregate, they could reasonably be expected to influenc
the economic decisions of users taken on the basis of these finanual statements.
Irregulariti8s, including fraud, are instancès of non-eomplianc8 with laws and regulations. We design procedure5 in
line our responsibilities, outlined above, to detect material mi55tatements in respect of irregularities, including
fraud. The extent lo which our procedures are capable of detecting irregularities, induding fraud, is detailed below.
We obtsined an understanding of the legal and regulatory frameworks applicable tD the charity and the sector in
which they operate. We determined that the following were most significant.. the Charities Act 2011.
We obtained an understandlng of how the charity is complying with those legal and regulatory frameworks
by making inquiries of the management of the tharity. We corroborated our inquiries through our review of
correspondence during our audit work.
We assessed the susceptibility of the charity's financial statements to material misstatement, induding how
fraud might occur. Audit procedures perfomied induded..
identifying and assessing the design effectiveness of controls managèment has In pl8¢e lo prevent and
delect fraud.,
understanding how those charged with governanc& considerad and addressed the potential for ovÈrride of
controls or other inappropriate influence over the finanrial reporting process.,
challenging assumptions and judgements made by management in its significant accounting estimat&s',
identifying and testing journal entries, in particular any journal entries posted ￿rith unusual account
combinations," and
asse55ing the extent of compliance with the relevant laws and regulations.

The Yusuf & Farida Hamied Foundation
Independent Auditorfs Report (Continued)
To The Trustees Of The Yusuf & Farida Hamied Foundation
Because of the inherent Iirnitations of an audV£, there is a risk that V4e will not detect ail irregularits"es, including those
leading to a material misstatement in the financial statements or non-compliance wth regulation. This risk
increases the more that complianTr with a law or regulation is removed from the events and transactions reflected
in the financial statements, as we TMII be less likely tr> become aware of instances of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intents'onal
eoncealment, forgery. collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the finanaal statements is localed on the Finanaal
Reporting Counril's website at.. http'.Ilwww.frc.org.uklauditorsresponsibilities. This description forms part of our
auditDrfs report.
Vsè of our r8port
This report is m3de solely to the ch8rily's Iruslees, as a body, in accordan￿ with Part 4 of thè CharitiÈ5 IAccount5
and Reports) Regulations 2008. Our audit work has been undertakén so that we might slate lo the charity's trustees
those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extent
permitted by 18w. we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees as a body, for our audit work, for this report, or for the opinions we have fomied.
Colin Hamilton FCCA (Senior Statutory Auditor
For and on behalf of Ward Mfilliams, Slatulory Auditor
Chartered Aceountsnts
8elgr3ve House
3943 MonLJment Hill
Weyt)ridge
Surrey
KT13 8RN
Dat8".
Ward Imlliams is eligible ftsr appointment 35 auditor of the Foundation by virtue ol its eligibility for appointment a$
auditor of a company under section 1212 of the Companies Act 2006.
4•

The Yusuf & Farida Hamied Foundation
Statement Of Financial Activities
Including Income And Expenditure Account
For the year ended 31 December 2024
Unrestricted
funds
2024
Unrestricted
funds
2023
Notes
Income from..
Donations and legacAes
7,258,062
1,630,790
Total income
7,258,062
1,630,790
Expenditure on:
Charitable activities
6,317,760
1.270,103
Total ¢xpendlture
6,317,760
1,270.103
Net In¢ome and movement in funds
940,302
380.687
Recaneiliation of funds-
Fund balances al 1 January 2024
670,995
310,308
Fund balances at 31 D&¢ember 2024
1,611,297
670,995
The statement of finall￿￿1 activities indudes all gains and losses recognised in the year. All income and expenditure
d&riv8 from continuing actiwties.
The notes on pages 11 to 16 form part of these financial statements.

The Yusuf & Farida Hamied Foundation
statement Of Financial Position
As at 31 December 2024
2024
2023
Notss
Fixed assets
Intangible assets
io
200.000
Current assets
Cash al bank and in hand
1,626,147
484,195
Cradltors.. amounts falling due within
one year
11
114,B50)
113,2001
Net current assets
1.611,297
470,995
Total assets tess current liabilities
1.611,297
670,995
ThÈ funds of the Foundation
Unrestricted funds
12
1,611,297
670,995
1,811,297
670,995
The notes on pages 11 10 16 form part of the$e finanryal ststemerts.
17.10.25
ststements weJE approved by the trustees on ...............,.........
Trust

The Yusuf & Farida Hamied Foundation
Statement Of Cash Flows
For the year ended 31 December 2024
2024
2023
Notes
Cash flows from operatlng actlvltlès
Cash generated from operations
17
1,191,952
361.281
Investing activities
Purchase of intsngible assets
Iso,0001
1200,0001
Net cash used in investing activities
150,0001
{200,0001
Nèt incrèase in cash and cash equivaler
1,141,952
161.281
Cash and cash equiwalenls at beginning of year
484,195
322,914
Ca¥h and rash gquivalgnts at end C*f year
1,626,147
484.195
The notes on page3 1110 16 form part of Ihe8e finanaal statements.
10-

The Yusuf & Farida Hamied Foundation
Notes To The Financial Statements
For the year ended 31 December 2024
Charity infonnation
The Yusuf & F8rid8 H8mied Foundation is a charitable foundation and is governed by the con51ilubon dated
21 May 2019. The Foundation was registered as a charity within the meaning of the Charities Act 2011 with
effect from 4 June 2019, registered no.. 1183715.
Accountlng poll¢les
2.1 Accounting convention
The financial statements have been prepared in accordance with the Foundation's governing document, the
Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard
applicable in the UK and RepubliG of Ireland (FRS 1021 leffective 1 January 20191 The Foundation is a
Public Benefrt Entity 85 defined by FRS 102.
The finan¢ial stslements have departed from Ihe Charities (Accounts and Reports) Regulation5 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of th8 Statement of
Recommended Prartice which 15 referred to in the Regulations but which has Sin{￿ been witrrtr8wn.
The finanaal stslemenls are prepared in sterling, which is th6 functional currency of the Foundation.
Monetary amounts in these financial statements are roundèd lo the nearest £.
The finanGial 5tsternenls have been prepared under the historical cost convenlioN. The Principal accounting
policies adopted are set out below.
2.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
Foundation has adequate reSoU￿S to continue in operats.onal existence for the foreseeable future. Thus the
trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3 Charitsble funds
Unrestricted ftjnds are available for use at the discretion of the trustees in furtherance of their tharitable
objectives.
2A Income
Income is recognised wh8n the Foundafyon is legalty entided to Vc after any perfomiance conditloris have been
mel, the amounts can be measured reliably, and rf( is pro)bable that income will be received.
Cash donations are re¢ognised on recelpt. other donations are recognised once the Foundation has been
notified of the dtsnalion.
2.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economie benefft lo
third party, it is probable that a transter of economic benefits wll be required in settlement. and the amount of
the obligation can be measured reliably.
Other than professional expenditure Iwhieh indudes VATI and foreign exchange differences arising on
retranslation. grants continue to be paid as appropriate causes, w((hin line of the Foundation's purposes. are
presented.
••

The Yusuf & Farida Hamied Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 December 2024
Accounting policies
(Continued)
2.6 Intangible fixed assets other than goodwll
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured
at cost less accumulated amurtisats'on and acLumulated impairm¢nt losses.
ArnNtisalion is recogni5ed so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following basis..
Media Production
100%
2.7 Impairnient of fixed assets
At each reporting end date, the Foundation reviews the carrying amounts of its tangible and intangible assets
lo deterrnine whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the 888et is estimated in order lo determine the extent of the
impaimient loss lif any).
2.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at ca51 with banks and other short-term liquid
inv8strn8rrts with original m3turilies of three months or less.
2.9 Fin8ncial instruments
The Foundation has elected to apply thè provisic)ns of Section 11 '8$sic Financial InslrLJments' and Se¢tion 12
'Other Financial Instrurnenls Issues, of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are inilialty measured at
transaction price including transaction costs and are subsequenlly carried at amortised cost using the
effective interest method unless the arrangement constitvles a financing transaction. where the transadion 15
measured al the present value of the future TeThipls discounted at a rnarkel rate of interest. Financial assets
classified as receivable within one year are not amortised.
8asic financial liabilities
Basic financial liabilities, induding creditors are initially measured at transaction pri￿ unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present V31ue of the future
payments discounted at a market rat& of interest Financial liabilities classified as payabl8 within one year are
not amortised.
2.10 Taxation
The Foundation is exempt Irom laxalion on ils tharilable actiwties.
2.11 Forèlgn exehange
Transactions in curren￿e5 other th2n pounds sterfing are recorded at the rates of exchange prevailing al the
dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in
foreign currencies are retranslated at the rates prevailing on the reporting end dale. Gains and 10ss¢$ arising
on tran51alion in the periDd are included in the profil and Ioss account.
12-

The Yusuf & Farida Hamied Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 December 2024
Donotions and legacies
Unr•$trl¢t•d Unrestrlcted
funds
funds
2024
2023
Donations from individuals
7,258,062
1,630,790
The source of all donations was Dr and Mr5 Hamied, who donated £7,258,06212023- £1,630, 7901 during the
ye8f.
Charitable activiti98
Charitablg Charitsble
Expenditure Expenditure
2024
2023
AM0￿SaIlon
Legal fees
Exchange Igainslllosses
Audvc and accountancy
250,000
6,379
327
26,754
138,9691
30,342
241,373
6,076,387
33.460
1,236.643
Grant funding of activiti¢s1see note 51
8.317,760
1,270,103
Grants payable
Charitable Charitable
Expenditure Expenditure
2024
2023
Grants to institutions..
Cambridge University
The Royal Society Yusuf Hamied Programme for Indla
Christ's Gollege Cambridge
Llving Human Heritage
other
950,000
10,855
5,000,000
89,015
26,517
975,000
200,000
50,000
11,643
6,076,387
1.236,643
13-

The Yusuf & Farida Hamied Foundation
Notes To The Flnancial Statements {Continued)
For the year ended 31 December 2024
Support costs
Support Goveman¢•
costs
costs
2024 Support Gov•rnan¢o
costs
Costs
2023
Exchange Igainslllosses
138,9791
{38,9791
327
327
Audit fees
Legal and Professional
Accountsncy fees
7,500
7,500
6,200
6,379
20,554
6,200
6,379
20,554
22,742
22,742
138,979)
30,242
18,7371
327
33,133
33,460
Governance costs includes payments to the auditors of£7,500 (2023- £6,20q for audrt fees.
Trustees
None of the trustèès lor any persons eonnected ￿rith th&ml rèceived any rèmuneration or benefits from the
Foundation during the year or the preceding year.
Employees
The Foundation had no employees dLJring the year or the preceding year.
Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitsble purposes.
10 Intsn9lble fixed assots
Media
Production
05t
Al 1 January 2024
Addltions
200,000
50,000
Al 31 De¢ember 2024
250,000
Amortisation and impairm•nt
Al 1 January 2024
ATnorbs8tion charg8d for thè year
250.000
At 31 December 2024
250,000
Carylng amount
At 31 Dècèmber 2024
At 31 December 2023
200,000
14-

The Yusuf & Farida Hamied Foundation
Notes To The Financial Statements (Continued)
For the year ended 31 December 2024
11 Creditors: amounts falling duo within one year
2024
2023
Accru818 and deferred income
14,850
13,200
12 UnrÈstricted funds
The unrestricted funds of the Foundation comprise the unexpended balances of donations and gTanls which
are not subject to speafic conditions by donors and grantors as to him they may be used. These indude
designated funds whith have been set aside Dut of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incorning
resources
Resources
expended
At31
Dgcember
2024
General fund$
670.995
7,258,062
16,317,760)
1,611,297
Previous year:
At l January
2023
Incomlng
resources
Resources
expended
At31
December
2023
General funds
310,308
1,630,790
11,270,103)
670.995
13 Financial commitmentsi guarantses and contingent liabilities
At the balance sheet date the Foundaty"on had committed to provide funding of £14,000,000 12Q23
£4,950,0001 in support of the construction of buildings for ch8ritable purp08es. These commitments will be
nded by donatÈons from Dr and Mrs Hamied.
14 Capltal commitments
Amounts contracted for but not provided in the financial st8tements'.
2024
2023
Acquisition of intangible ass@ts
50,000
15 Related party transactions
The source of all donations was Dr and Mrs Hamied, who donated £7,258,06212023- £1,630, 790) during the
year.
Professional fees of £30,40512023 - £20,551 were charged by Dixcart International Limited during the year.
P.A. Robertson. one of the trustees of the Foundation, is a DirectOT of Dixcart International Limited.
15-

The Yusuf & Farida Hamied Foundation
Notes To The Financial Statements (Continued)
Foy the year ended 31 December 2024
16 Analysis of changes in nat funds
The Foundation had no material debt during the year.
17 Cash generated from operatlon$
2024
2023
Surplus for the year
940,302
360,667
Adjustments for..
Amortisalion and impairment of intangible assets
250,000
Movements in working capital:
Increase In creditors
1,650
594
Cash generated from operatlons
1,191,952
361,281
16-