**The Nathan Foundation (Registered Charity No. 1192735)**
**Annual Report and Financial Statements**
**For the year ended 31[st] October 2025**
## **The Nathan Foundation Annual Report for Year Ended 31[st] October 2025**
## **Trustees:**
Michael Nathan (Chairman) Daniel Nathan Philip Nathan
## **Registered Office:**
16 Cliveden place London SW1W 8LA
## **Bankers:**
Natwest Bank
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**
Unfortunately the year has passed once again at a rapid rate. Fortunately the illnesses of the trustees are either in hand or in remission however as ever the pressures of existing company commitments and obligations has meant little time available over and above existing commitments to carry out the necessary due diligence on potential recipients of grants. We hope that will change in the near future not least now that the next generation are moving on from universities and might well be in a position to, at the very least, help draw attention of the trustees to worthwhile causes (there being so many good causes that it sometimes feels rather overwhelming).
So regrettably no awards were made this year (though, I should add, our first grant was made in March 2026 the details of which will be provided in our next report). The funds however have remained invested with Vanguard which has continued to be an excellent choice of cost effective fund manager with the capital increasing satisfactorily. This therefore continues to bode 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 2025**
|**Notes**
**2,025**
**£**
**Income**
Donations
0
Investment Income
16,811
Investment valuation Increase / (Decrease)
71,267
**Total Income**
88,078
**Expenditure**
Charitable activities
0
Expenses
0
**Total expenditure**
0
**Net movement in funds for the year**
88,078
**Total funds brought forward**
535,224
**Total funds carried forward**
623,302|**2,024**
**£**
0
16,359
50,590
66,949
0
0
0
66,949
468,275
535,224|
|---|---|
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 2025**
|**Notes**
**2,025**
**2,025**
**£**
**£**
**Fixed assets**
0
**Current assets**
Debtors
0
Listed investments
1
522,723
Cash at bank
2
100,579
Creditors: amounts falling due within one year
0
**Net current assets**
623,302
**Net assets**
623,302
**Funds of the Foundation**
General Funds
623,302|**2,024**
**£**
0
0
451,457
83,767
0
535,224
535,224
535,224|
|---|---|
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
22/07/2026 Approved by the trustees on ….....................................
**Michael Nathan (Chairman)**