W20 FOUNDATION (Reglstered Charlty 1192437 and Company No. 12811926) REPORT OF THE TRU5TEE8 AND FINAN STATEIAENTS FOR THE PERIOD 13 AUGUST 2020 TO 31 DECEIIBER 2021 AbS65D 3110512022 COMPANIES HOUSE
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W20 FOIWIDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD 13 AUGusf 2Q20 TO 31 DECEMBER 2021 Page Amual Report olthe Trustees Independent Exaffwrfs Report Statement of Financial {IlUding Income and EXpdIlure kcojnt) Balance Sheet Notes to the Financial Statements 9-12
Page 1 W20 FOUNDATION REPORT OF THE TrUSTEES AND FINANCLAL STATEMENTS FOR TPE PERIOD 13 AUGUST 2020 TO 31 DECEMBER 2021 The Trustees present their port and 1ndedentty examined fiftan(ial statements of IV20 Foundation ('Ihe Foundation" or 'lhe Charitable Compann. for the penod from iration 13 August 2020 to 31 December 2021. These have been prepared in accordance with the acia)unting policies sel OLrt on pages 9 to 12 and (x)mply with applicable charity Lthv. The Trustees have awed the of the Stalemenl of Rernnded Praclu (SORPI "Accounting and Reporting by Charit. in pparing the Truslees Rewl and Financial Statements. REFERENCE AND ADMINISTRATIVE DETAILS W20 Foundation. (Registered Charity No. 1192437 arKI Company No. 12811926) is based and administered in the United lfjngdom. The registered address is Third Floor. 20 Old Bailey, London, EC4M 7AN Trustees: The Trustees of the Foundalion ¥tho are the Direclors tho hekl office during. the period and onlinue to s8e at the dale oftrms report are: Iliam Cakins laprM)inted 13 August 202Q) Richard (appointed 13 August 2020) Withers Tiusl corP40n Limited (appointed 13 Augusl 2020) The Trustees dld nol IK)td any benef1 interesl in the Foundation at 31 Decertier 2021 or at any time during or nce the penod PJKI. Bankers: CAF Bank Ltd 25 Kings Hill Avenue. Kings Hil, West Mall'ThJ, K1, ME19 4JQ 8ollcltorn: Wrthers LLP 20 Old Bailey, London. EC4M 7AN A¢¢ountants: Rawlins(m & Hunter LLP Eighth Floor, 6 New Street Square. New Fetter L. London, EC4A 3AQ Independent Examiner. Yueling Wei FCCA EvJhth Floor, 8 New Street Square. New Fetter Lm. London, EC4A 3AQ
Page 2 Vf20 FOUNDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMEKfs FOR THE PERIOD 13 AUGUST 2020 TO 31 DECEMBER 2021 STRUCTUR& GOVERNANCE AND IAANAGEMENT The Foundation is a charitatAe company limited iry guarantee govemed by its Artick5 of Association dated 12 Au9USt 2020 and is regislered as a charity with the Charity Commission for England and Wales and Companies House. The Twstees have r86ponsiblty for Getting tho Foulation's goa56 and strategy and moot to Cnsider grants for exelusivety charitable purposes fw the public beneffl in line with the Foundation's Grwt Making PcAry." The number of Trustees shall be a mrnimum of tw) al any one time and new Trustees shall be appoinled by (Kdinary resolution by the existing Trustees. The range of skills represented on the Trustee Board wll be kept under revi as Ihe F£Jundalion develops twer li. Induction and Training As part of their training. Trustees are 9bven an wrformK)n padt vthich Ind Ihe Foundation's Memorandum and Articles ol Assoaation and the Charity Cornmission guidance on TTUStees' Responsibilities. All Tru51ee5 are aware of their le9al dulle5 and oblyalion5 in respect of the management of the Foundation. NKhJding in relatr.on to the protection of its assets. Statemwrt of Trustees, Re•pM$ibiliti#s The Trustees (who are also Th'reclors of V0 Foundati for the purposes of company law) are responsible for preparing the Annual Report of the Trustees and the financial stalemenls in accordance wfLh applicable law and United Kingdcwn Accountiry Standards (Unrted Kingdom Generalty A(epted Accountwig Prth). Cornpany law requires the Trustee5 lo prepare finan¢ial statements for eath financial period. Under company law the Trustees musi not approve the finanaal statemerrts unless they are Satisfied that they give a true and fair view of the state of affairs of the charrtable company and of the incoming resources and application of resour¢es, In¢d1j Ihe income and eXpendIre, of the haritabk rnpany for Ihe period. In preparing these financial statements. the Trustees are required to: select suitable a01ng polK5 and then apply them c(sIsteny. obseNe the methods and principles in the Char.e5 SORP 2019 {FRS 102)., make judgements and estimates that are reasonable and Prudent,. state vthelher applicable UK Accountin9 Standards have been foll(AYed, subject to any material departures disdosed and explained in the finanoa statements.. and prepare the financial statements the g(xng concem basis unless it is inappropriate to presume that the chaiitable cornpany ill ciNrtiiue in opu8t¥>n. The Trustees are responsible fly keeping adequate accounting re¢(d$ that disclose with reasonable accuracy at any tvne the finan(ial pl11 of the charitable c#)mpany and enable them to ensure that the financial statemen15 CCWTWY 1th the Companies Act 2006. They are also responsible for safeguarding the assets of the charrtab company ar)d hence for taking reasonable sleps for the PlentIon and deteOn of fraud aThl othw KregularitEs.
Page 3 W20 FOUNDATION REPORT OF.ThE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD 13 AUGUST 2020 TO 31 DECEMBER 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Iconllnued) Internal C¢)ntrols The Trustees have overall respowbilty for eTrsuring that the FoundalKm has appropriate systems of internal contrds. They are responsible fw keeping propef actuntIng recd$ whith disclose with reasonae accuracy at any time the fmancial wsition of the Fndatn and enable them to ensure that the finan(ial slalemenls fofiow best wath'ce and all applicab regulation and guidanEe. The Trnstees are also responwble fcff Ihe Foundath'on safeguarding its assets and for lakry 8$onable steps the prevention deleth.on of fraud and other Yregularities. The system of internal is desgned to pro¥ reaable, bul not absolute, assuranc£ against malerol rnisstalement (Y loss. Ri¥k Management & corp?te Governance A risk assessmerrt hag teen undertakn comprises.. An annual reeW of the the Foundati( face: The eslabli5hmenl of syerns and procedures to rnitate those fisk$; and The imennIa.0n of procedureg designed to minimise any Wential impaci on the Foundation should those risks materialise. This continuing process wdl identty risk areas to vthich the Foundalion vulnerabte and highlight any necessary safeguards that will need to be put in pL¥£. No m4or risks were idenlrfied at Ihe dale of these accounts. The Truslees have swJned frt and propw dedarations in with HMRC guidance. In addition. the Trustees have tsken due C(51derali( of GovernarKe - A Code for the Voluntary and C(mmunty Secttx, ensunng Ihat the seven main wnciples of the Code are adhered . to. These we.. UnderstandiThJ the Trustees. role: t)oing what the organisalion vras gel up to do.. Contrd.. Behaving with integrity.. Equalty. diversty and indusion" and Openness and acCesbthty. The Trustees recognise that good go¥emance pW an essential part in securing the future of Ihe Foundation and confirm that the said main of the Code are Idlmd by them in lead#w, directing and rnanaging the Foundation. No Trustee received any remunefation durwvj the period frcAn 13 Augusl 2020 to 31 Decen 2021. The Foundat)n does not cry (xrt fvndraiswig actitres from the wbli
Page 4 W20 FOUNDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE PERIOD 13 AUGUST 2020 TO 31 DECEMBER 2021 OBJECTIVES AND ACTMTIES FOR THE PUBUC BENEFrr The objects of Ihe Foundation * restricted speuficalty to the applicatK)n of FouThJall funds, at such lime or lin and in such manner, for the publi¢ benefrt, as Ihe ¢hanty trust•e$ may in their discretion think frt for ary exdusivdy tharitable purposes in ary part of the world. The Foundathin operates a5 a granl-rnakM)g charty. supportiThJ thanlatle proiects and organisations with g¥ants of varying sizes and duration$. The Trustees ha defined a programme of grantarning to charities. For the foreseeable futu, the charilYs primary ftMYJS 711 be to.. prevent lIeVe w¥ety Irle for individuals In need: advance the health arKI weNbeing of the general public linduding prevenliny or relieving sickness, disease or suffefing, as well as the prmAion of good heath>," and supwi programmes which pr¢Ote and advance the edUcn of the general publt The Trustees have pursued a broad stralegy of ensuring proper due diligence in the assessment of potential grants and ensuring that grants are male subJe¢t lo appropriate temis and conditions. Statement of Public Benefft As a grant-funder. the FourKJation's adivities will wovide public benefft to the individuals and o)mmunities who are benefThries of the Foundali('S funded projects. The Foundation's pubiic benefrt is not limited with reference io ge(wJraphy, by the Charging of fees or olheThvise. The Twstees are aware of the Charty CMiSsion guidance on Public Benefrt and ¢onfimi Ihat they have complied ith the duty in Sedion 4 of the Charbties Act 2011 lo have due regard to il. They consider the infcffmatson thich follows in this annual report. about the Foundation's aims. thities and achievements in the areas of interest that the FoundalK)n Supp$. demonstrates the benefit to ils benefaries and Ihrough Ihern to the pubk, that arise fr(xn those athvilie5. Grant Making Pollcy The Trustees. grant makiThJ poliry has been to generally consider making donations by way of direct funding also by way of grants lo charitable orgwisatKM regniSed as such in their respective jurisdictions for projects that are exdusiv ctsritable under English law. The Foundation has begun lo put in Pla sound grant arrangeThnts 50 that it can properly select appropriate granlees impose prudent term$ on grants, irtduding, as appropriate, monitoring and ewdluation of the way in funds are apw by grante ACHIEVEIAW AND PERFORPAANCE Chatltable Activiti•g During the period Sin inception the Trustees IK) gr to two organisation8 totalling £4.000. In the initial pefi(wJ the Trustees have fr5ed their efforts Klentifying suitable grant Tecipients and eslablishing a strategy for furthering their objects. It is an11Pated thai grant acti¥ty V11 IeaSe in the lthming Perd.
Page 5 W20 FOUNDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR TrE PERIOD 13 AUGUST 2020 TO 31 DECEMBER 2021 FINANCIAL REVIEW The Stslemenl of Finanrial Actth t)n page 7 show5 toL21 incomirrfJ resources for the period of £405.000 There was rn expenditure on Taislng furKls, grant expendrture amcrfjnted to £4,0(K). Governartt c15 amounted to £5.568 and ale induded within charitable actiwtie5. The balance ol reser¥es at 31 Decemiw 21r21 is £395,432 vthith is unreslricled Reserves Poll¢y Th8 Tru5tee5 have examined the Foundation's requiremerrt for TPSOUfces in lighl of the main risks to the organisalton and have no oulstanding commitments or cash demands which are not adequalety covered ty extstrng re%r The net assets of the Foundalion are regarded as free reserves and the lunds at 31 D¢rnber 2021 vll be retained to make grants in ac¢ordarwE with the Foundab"on's chitabfe objects and any polic. The Trustees consider that the freety expendable funds are appropriate and adequate taking inlo xcounl pkn5 for grants to be awarded in future and have at present therefore not designated any $pecrf reserves. However. the Trustees wll keep this WKler conslant rerfi. ln future years. a SFwfic reserves politry may be Tequired. The Covid-19 pandemic ha5 created sijnificant operational pressures on all charities. The Foundation is in the positK)n of habing signrfic4nt a55ets with expenditure requirements within the control of the Tnjslees. The paThJemic, there1e. has fM)t had a sKJnfftant negative impact on the financial sustanabilty of the Foundation and therefore, the TThstees consider the adopt d the going concem basis in preparing these finanual 5tatemenls 1n'nues to be approwate. PLANS FOR THE FIrnIRE The Trustees do not W0Se to deviate from the Current obiecbves and acti5 ol the Foundatlon as detailed in Section 3 of this rep£ but wrll further de¥ebp and refme their slrategies. polioes and prdureS in future. , fvIr**IDteha1f of Withers Trust Corporation Limited . slee Director Director charfes Efjward Tee
DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF W20 FOUNDATION I report to the Foundal)n Truslees my examinatM>n of the Finanraal Statements of V120 FoundalKJn ('charitsble comparf) for the period 13 ALVUSt 2020 10 31 December 2021 which are set out on pages 7t012. Respomibllhles and B•sls of Report A5 lh¥ Ti'u¥il¥e¥ d Ili¥ dii#iidlA¥ lianY (and aso ils for the purpose5 of company law) you are responsible for the preparation of the Fin1 Statements in accwdance ith the requirements of the Companies Act 2006 {'Ihe 2006 ArA'). Hawng satisfied mysdf that the fina14 statements of Ihe cbaritaLqe company a not required lo be audited under Part 16 of the 2006 Ad and are eligible for independent examinatn. I report in respect ol my examNialion of your ¢haritabie ¢rynpany's Financyal Statements as carried out under section 145 of the Charbties Act 2011 (Ihe 2011 Act'l. In carrying out my exInatiOn I have lollowed the Directions given ty the Charity CommissiM urmler seciw 145($1{b) of the 2011 A(1 Independent EXIne5 Slatem•nt I have completed my examinalk)n. l 1x)nfi that no matters come to my attention in c(x)nection with the examination gmng me cause to believe that in any material respect.. accounliry records not kept in sPeCt of the charilable conyany as required Lry section 386 of the 2006 Aci., or 2. the Financial Slatemenls do not arzcKd those reCd5. or 3. the Financial Statements do not comply *ith the alxounting requirements of section 396 of the 20( Act other than any requwemenl the finawal staterwits gNe a and fair view. whi¢h is not a matter COnsered as part of an independent examination: ( 4. the Financial Statements have not been wepared in accordance ¥th the methods and prinryples of the Statement of Recommended Practice for accwnting and reptyting by charities applicable to charities weparing their Financaal Ststwnents in actsjrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other mattws in connection with the examination to which attention should be drawn in this rewyt in order to enai4e a wopu understanding of the Financial Statements to be reathed Yueling FCCA Eighth Floor 6 New Street Square New Fetter Lane London EC4A 3AQ
Page 7 W20 FOUNDATION STATEIAENT OF FINANCIAL ACTMnES FOR THE PERIOD 13 AUGUST 2020 TO 31 DECEIABER 2021 Page 2021 Incorne from: DoTp1K9 {note 2) 11 405.000 Tot•1 Income 405,000 Exp¢nditure on: Chwitable AG*Mties (note 3) 11 9,568 Totsl Expenditure 9,568 Net Income 395,432 Net movement In funds 395,432 Tolal Funds C¥rrled Forwanl at 31 December 2021 £ 395,432 All amounts relate to clinU1 There wdre no reo)gnised gains and losses f(ff the per from 13 August 2020 to 31 08cember 2021 other than those induded in the In0)n and ExllUre AcrA)Urt No Trustee received any remuneration reimbursefflent of expenses duty the period from 13 August 2020 to 31 December 2021
Page 8 W211 FOUNDATION (Registered Charity Nth 1192437 and Company No. 128119261 BALANCE SHEEr AS AT 31 DECEMBER 2021 Page 2021 Current Assets: Cash at bank {r#kn 4) 12 400.952 Total Current Assets 400,952 Llabilities Creditors- amounts falling due vithin one year (rN)te 5? 12 15,520) Total Liabilitie 15.520) Net Assets 395,432 The funds of the eharrtr. Unreslricted funds 395.432 Total charity fvnds 395,432 For the financial perKAI in question the IIllable MPanY was entNled to exemption under 477 of the Coryanies 2006 relatry to smal cL¥npanies. No membws have required the charbtable cowy to obtain an audit Df ts accounts for the period in questKffi in accordance ith section 476 of the Ciynpanies Act 2006. The Trustees Ivtho are also the Directty5 of the charitse company for the purposes of Company L¥•¥) acknomrfedge their respOnbIlty for comrtyng with the requirements (rf the Act ith Tespect to accounling records and for the preparatKJn of acunts. These accounts been prepared in ac(xJrdance 1th the wow5iOn5 appiicable to cixnpanies subject to the small companies. regi. The financial statements *re apwoved and authoriseLI for kssue by the Truslees were s4qned on For and,.ori b8half of Wlthers Trust Corporation Limited 19 May 2022 Dat• Director Director Charfes Ethafa Tee J13
Page 9 W20 FOUNDAT1014 NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 13 AUGUST 2020 TO 31 DECEMBER 2021 ACCOUNTING POUCIES Bas1$ of Preparation of Flnancl•l Stst•ments "W201F"oundatiO'ry,'{'.ih"e'; an'.in¢o"W¥rale'"cliaTity...Iirnrted,'ky,.: ualanree.Iit"h1re.9islefed chanly,.;.niimi)er. .1-1.92437". and:coinp.anx.;nurTibérL 12811"92'6:' is based'i.arid,. iadminislered',in':tlie,Uniled'.Kingdom': Th"®is_lere(J,'gdOress is:.T.h'ird'.F"loor... 20-Qld 8aile.y..,i..London., trusteeb','.A'r¥nd'al'.Repcirl":' In Ihe event of the FOU¥ btyng wound up. the Ikilty rn respecl of the gu¥antee is Ilted to £1 per pefsonal member:. T.:hq'finon¢ial staiéments..: ha?ie."'beenjprepafed..irF. aCC-rdancé i•111 Acci>unliry:,and j1epgrti_i .ty. ",C.'h-aYi_liÈs-: Slale'méntofReCtsrnr1lended,Pract1ce.(8p.pliexbje...ta.chariIies,.P.reparing.'t1l'etr."atunlS in accordance':'wblh.":tlie: Firiancial:.Rep(iitrrig,Ftan"dard";"applicable.' in Ihe UK." and-'AepLTrlilic ofi.. I{FRS.":!"O2S, !;Cb-h"arilies S"ORP.'.FR"S-iO?.l..:"!he':"F.inancial)Rewl.irig1.Stsndard¥apFiicab'le'..in,-,the.Uniled," K.ingdom and'Rep.ub"lic"of Ireland IF.R-S. 1.0?y. llie.C.hanti'es'.A"ct ?011'..,IheiC_oriip.anie"s..-A¢i:.200"6"anil. The Four4d'alion has appl"d,1he proinsions set wt in FRS102 as published in 2019 and does not incJude'.a ¢ash Ilow slaterrithil on th.is.'a5i& The Trust con$lilutes a wblic benefft entty as defi1 by Charitres SORP FRS 102. ITr.ppty.jng' ilh"e.,,fiRancial".re'po"Itirig."'fFamew(k';"..ihe T.'tustees"liavÉ.":to mak"e"suty"ecbvR. judgemenls:. for. eyanip.le respect" ".of" "significant. .?ceounliFig.. E5timales-:. Ésliiiiales:. and .judgemerils'. are, coi)liniially., 'evaiuateili, and,. ..are. ba5è¢.' ion lhiOr$cal exiièriiè"nce.,' and,, .olher, factors.., .incJudin'g iexpectstwjns .of'..lulure:;evènls' that arè-:..believefF to ..be"". Yèas(inable unde! the circumslaricès": .Ti he irialure'.,ol.-,Ih"e. es11malir)A'-eans :'the. aolual .oUt)Mes..covld,.,dlffer.. Irom .th05e-. esliinales.. T.hé,. -T.rvslee¥ ihwe.. 'nol nia-de, any., signifitsni:'.e"sliinalèst antt judgemenls.':.aiiectsngi. illiese."'financial: stalerrièrits... .T..lie sTgn"ificant accounting pOIleS appld, in the preparation of."tlie5e',financia! stemenls xr,e sel," out b'el.obv. These FX)IKies have been &insistenlty apPld to all:'ye.ars'. Ki.r.e.5ented unless oth"eMaè'; InTrIng Resour¢e$ All incoming resoiir.tss' are,'includèd in ttriè SOFA:when the FouThJation is entitd to the income and the amouri'l'.¢ari.".lie."qUanlifd-.wlth reasonabie"racy. '.Vtiluntary.. donations."1ndfe" donaliorts:under"GifJ..4IU..ith the asstikiled tax uedits inGluded when .oeiiial>le', Inte!e"sl-fr0merQft..aCcc>nIS..are'lndu"d.ed Tthen reved.
P•Jt10 W20 FOUNDATION NOTES TO ThE FINANCIAL STATEMENTS FOR TFE PERIOD 1J AUGUST 2020 TO 31 DECEMBER 2021 Resources Expended All expendrture'rs. iDcluded ..£ an accruals..ba5i$ and is .reeo9ni5ed when there Is a Ivyal or onslTUCtive oblwation committ'iNJ Ihe'Truslee lo.the eypend'iture: Irrecoverable VAT 15 chatged againsl the activity ls)r whith exp"pnd.iluré was iiioirred. Charitable aetivitres wKlude governm costs Incued (iumg the period and we expended througf4.,i.he.'SOFA Ihe offer is (thyed to Ihe ieciiyenl. "'Governarice.costs relating to general running of the Foundation. #s opposed to the ,'nioriagemént fundions rnherent n genefatri lunds. GAnt¥ payable Granls,p8yab!e are'.inade lo thir(i parties in.liii1hèrance of tlie"Found'alion'sDtyec.ts.,Single or mulii.- ' ¥eaT grants are accciinled for en.l"her the recrpieril has.a reasonable expeclaliLin tha Ihey wlil. receive'a graRt and the Trustee has 89reed to pay Jhe grant wilhoul c(Indilion,.or the.reciPient'has reasoriable:expedatiCin Ihal they ill Tecèi¥e a grant and th.at any condition attach'ing lo thé. grant Is outside of Ihe Eonltot of.lbe Fourthtton.. FlnaThclal instrnments The Fourtdation only has".financial assets..and financial liabilities of a kind that. qualfy as basic financi81 in5IrurntS. 8a'siF financ4af Anslrumenls are recognised at transacaion value and subseq'uentty.measLiTèd al théir seltkrtnt.value. staths of fvnd$ The.enlire re.sgurce$.of the fund are unrestricted and the Trustees have ctyTr#ete discTetN)n for Ibeir use in puTsiiaricé.of its.obieet6ves. Taxatlon The Foundation is not suty'ect to any taxes on its th¥Itab a¢AMties. Irrecoverable VAT is ch¥ged agairtst Ihe ralegory of rescwrces expwthd IN Ivhth it Incurd. Creditorn payable 4thin on• y••r Creditors wrth no slated inlerest.rate and payable" tylhin one year are Orded al transoction price. Ary Ipsses wising from impaimient a recognised as B%lIu10. Cash and cash wuiv4lents Cash and cash.equivalénls include cash" in hand, deposits held on oll with banks, other short-terrri h¢g.hly liquid inveslmenls wilh Drigina maturities of three mth& or less and bank overdrafts. Bank." .overdrafts, when applicable..are thIn borro¥n9 in currenl liabiltties.
P¥9911 W20 FOlDATIoN NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 13 AUGUST 2020 TO 31 DECEMBER 202t ACCOUPMIIG POLICIES (contlnu•dJ Provl¥lonJ 'Pro¥isv)ns aTe renISed the Foundation has an d)Itgalion at the Balan Sheet date as a rEsuII of a pa& event. it is. probaNe that an OLrtfkn d es01K benèfi15 V4ill b8'required in selllement.and Ihe amount can be.rekably estimaled.. Golng concern 'The"Tntstees ha4E assessed thether the use of the going concem assumplion 15 approwiate in preparing these xctxmts. The TNstees have made this asgessffent in respect of the porknl lo 31 lJecember 2021. The. C0vith19".pandem has Catell srynrfwt oixr81iortal.and financlal pressures oil the...gty01 èconomy. Having eon¥deFed the contingen. plans in place". the suppo¢1 lo businesses announced .6y.Ihe UK Government and ha.ving. revIe*d updated ¢ash tltiw forerast5. the Trustee5 oinsi#eT the 'adopliun of the, going concern basis in preparirvj these financial slatements ¢oDtiftues to be appropriate. Page 2021 tr4COME FROAI DONATIONS £ 405,000 ExpeNWURE ON CHARITA8LE ACTMnES rants pab. Chwlty No. MIND Juvenile fA'abetes RewTch Foundation Limited 219830 295716 2.000 2,000 T4)tal Grants p•yable 4,000 Support Co¥ts.' Accountancy fees 8ank tharse$ 5,520 48 Totsl costs Tatal Charilabl• Acllvities: 9,568
Page 12 O FOUNDATK>N NOTES TO THE FINANCIAL STATEME14TS FOR TrIE PERIOD 13 AiIGUST 2020 TO 31 DECEMBER 2021 2021 CASH AT 8ANK CAF G8P Cuffeftl E 400.952 CREDITORS. amounts falllng dye ithin one y 5.520 RELATED PARTY TRANSAcnoNS The Foun¢Jatbyt reteive¢1"dorialr1s.IolèIry £405,OOCt fr(Th the Tn duriThJ the from 13 Avgust"2020.to 31"De"cember.202:1.. No Trustse reCerd ary remunwation (K [wnr$em¢ftt of expen¥es during the period from 13 August 2020 to 31 Decwra)er 2021. ULTIMATE CONTROLLING PAR The Twstees conSer..1h31 the Foundation is 1xtra ty the TNstees and that there is no ulb"vn31È ntrol1[n9 paitw.. FINANCIAL INSTrIJMEMTS Page 2021 The cary amounts oflhe FoundatK)n's fina81 in$tnhme are as lol(YKI .Fln'anÈl4lra$$ets Mea¥ure"d' al'"Yair.value through SOFA. Cash,at".bank.and in hand 12 40Q.952 Flnan¢ial Ilabilities Measured'al'aroprtise£l co¥t -creditors 12 5.520