**The Nathan Foundation (Registered Charity No. 1192735)**
**Annual Report and Financial Statements**
**For the year ended 31[st] October 2024**
## **The Nathan Foundation Annual Report for Year Ended 31[st] October 2024**
## **Trustees:**
Michael Nathan (Chairman) Daniel Nathan Philip Nathan
## **Registered Office:**
16 Cliveden place London SW1W 8LA
## **Bankers:**
Natwest Bank 2 Sloane Gardens London SW1W 8DL
The trustees present their report with the financial statements of the Nathan Foundation Charitable Incorporated Organisation (“the Foundation”) for the year ended 31[st] October 2024 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**
The trustees had hoped that this would be the first year when the Foundation would start making awards to chosen charities. Unfortunately due to various health problems of two of the three trustees – one rather serious - that had to be postponed. Any remaining time available had to be spent on existing company commitments and obligations; illness is no excuse when it comes to obligations to HMRC etc. It also didn’t help that the initial charities we had chosen to be the first recipients of awards, on closer inspection, did not meet our expectations.
So regrettably no awards were made this year. The funds though remained invested with Vanguard which thus far has proved to be an excellent choice of cost effective fund manager with the capital increasing satisfactorily. This at least bodes well for the future charitable activities of the Foundation in the years to come.
Finally, as with the previous years, the Foundation sustained no costs this year in order to preserve its capital base. All associated expenses were again paid for by the chairman privately. There also remains no intention to seek any donations or contributions to the Foundation from the general public.
Cont /…..
## **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 2011. 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) Page 1 of 2**
## **Year ended 31st October 2024**
|**Notes**
**2,024**
**£**
**Income**
Donations
0
Investment Income
16,359
Investment valuation Increase / (Decrease)
50,590
**Total Income**
66,949
**Expenditure**
Charitable activities
0
Expenses
0
**Total expenditure**
0
**Net movement in funds for the year**
66,949
**Total funds brought forward**
468,275
**Total funds carried forward**
535,224|**2,023**
**£**
0
11,231
5,913
17,144
0
0
0
17,144
451,132
468,275|
|---|---|
The notes on page 2 form an integral part of these financial statements
## **The Nathan Foundation Balance Sheet Page 2 of 2**
## **As at 31st October 2024**
|**Notes**
**2,024**
**2,024**
**£**
**£**
**Fixed assets**
0
**Current assets**
Debtors
0
Listed investments
1
451,457
Cash at bank
2
83,767
Creditors: amounts falling due within one year
0
**Net current assets**
535,224
**Net assets**
535,224
**Funds of the Foundation**
General Funds
535,224|**2,023**
**£**
0
0
300,867
167,408
0
468,275
468,275
468,275|
|---|---|
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
14/08/25 Approved by the trustees on ….....................................
**Michael Nathan (Chairman)**