The Nathan Foundation
(Registered Charity No. 1192735)
Annual Report and Financial Statements
st
For the year ended 31 October 2023

The Nathan Foundation
Annual Report for Year Ended 31 October 2023
st
Trustees:
Michael Nathan (Chairn]an)
Daniel Nathan
Philip Nathan
Registered Office:
16 Cliveden place
London SWIW 8LA
Bankers:
Natwest Bank
2 Sloane Gardens
London SWIW 8DL
The trustee's present their report with the financial statements of the Nathan Foundation
st
Charitable Incorporated Organisation ("the Foundation") for the year ended 31 October 2023
which comply with the Foundation's constitution and applicable law and accounting
requirements.
Constitution and Objects
The Foundation was constituted as a CIO with the following objects:
To advance such charitable purposes (according to the laws of England and Wales) as the
trustees see fit from time to time in particular but not limited to advancing education for the
public benefit by making grants and awards in particular but not limited to education
establishments and students for academic research.
Review of Activities
This is the third year of the Foundation's existence. As indicated in the report for last year,
the activities of the charity were impeded significantly following the unexpected death of its
sole benefactor, Aharon Nathan (following a fall and less than satisfactory experience at
A&E). Aside from curtailing the full funding of the charity, such time as would have been
spent on the charity understandably had also to be devoted to the more pressing needs of
dealing with the administration and taxation of his estate. So there was not as much progress
during the year as we would have liked in establishing a framework for the granting of
awards. That task, of course, is all the more difficult given the frankly overwhelming number
of good causes that seem so worthy of support. That said a few candidates have preliminarily
been identified and so we hope to be in a position to make our first awards in the very near
future.
In the meantime the funds have remained invested with Vanguard - with additional funds
being invested more recently from the cash held at the Foundation's bank account at Natwest
and a stream of income has started to flow. Here too the trustees feel it is important to have
confidence that such streams of income are regular and sufficient to not only cover the level
of awards set per year but also to ensure that the capital of the charity continues to grow in
excess of inflation. something that is vital to enable the Foundation to survive in the charity
space for many years to come.

Finally, as with the previous years, the Foundation sustained no costs this year in order to
preserve its capital base. AII associated expenses were again paid for by the chairnian
privately. There also remains no intention to seek any donations or contributions to the
Foundation from the general public.
Responsibilities of the Trustees
The trustees are required to prepare financial statements that give a true and fair view of the
Foundation's financial activities and position at the end of each financial year. They are
required to manage the Foundation in accordance with its constitution and to maintain
suitable accounting records in order to comply with the Charities Act 201 l. They are also
responsible for safeguarding the assets of the Foundation.
Michael Nathan (Chairman / Trustee)

The Nathan Foundation
Statement of financial activities
(incorporating an income and expenditure account)
Page1of2
Year ended 31st October 2023
Notes
2,023
2,022
Income
Donations
Investment Income
Investment valuation Increase / (Decrease)
400,000
6,077
-5,045
11,231
5,913
Total Income
17,144
401,032
Expenditure
Charitable activities
Expenses
Total expenditure
Net movement in funds for the year
17,144
401,032
Total funds brought forward
451,132
50,100
Total funds carried forward
468,275
451,132
The notes on page 2 form an integral part of these financial statements

The Nathan Foundation
Balance Sheet
Page2of2
As at 31st October 2023
Notes
2,023
2,023
2,022
Fixed assets
Current assets
Debtors
Listed investments
Cash at bank
300,867
167,408
294,955
156,177
Creditors: amounts falling due within one year
Net current assets
468,275
451,132
Net assets
468,275
451,132
Funds of the Foundation
General Funds
468,275
50,100
The accounts have been prepapred in accordance with section 132 of the Charities Act 2011
Notes:
1. Investments held in funds at Vanguard Investments UK Ltd.
2. Cash held in Foundation's bank account at Natwest
Approved by the trustees on
Michael Nathan (Chairman)