Charity registration number 1195423
THIS DAY FOUNDATION (PREVIOUSLY GLJUTIILEE CHARITABLE FOUNDATION)
ANNUAL REPORT AND FINALYCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 21123
Hackeryoung
Chartered Ac(ountant5

Tllls DAY FOUNDATION (PREVIOUSLY GL JUBILEE CIL4RITABLE FOUNDATION)
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr D Berelowitz
Mr E Beinart
Mr G Lubner
ME J Macrcady
Charity number
1195423
Registered offite
17 PortlaTLd Place
London
WIB IPU
Auditor
UHY Hacker Young
Quailrant House
4 ThoEnas More Square
London
Elw IYW

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATION)
CONTENTS
Page
Trust¢es' report
Independent auditor's report
Siatemellt of financial activities
Balance Sheet
10
Statement of cash flows
Noi¢s to the financial stat¢ments
12- 18

THIS DAY FOUNDATION IPREVIOUSLY GL JUBILEE CIL4RITABLE FOUNDATION)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trust¢cs hereby present their annual report and financial stat¢ments for the year ended 31 March 2023.
The f￿anCial stat¢mellts have been prepar¢d in accordance with the accounting policies set out in note I to th¢
fmancial statemcnts at]d comply with th¢ Foundation's eonstitution, the Charities Act 2011 and "Accounting
and Reporting by Chariti¢s'. Stat¢mcllt of Recommended Practice applicable to charities preparing their
accounts in accordanc¢ with thc Financial Rq)orting Stsndard applicable in the UK and Republic of Ircland
{FRS 102)" {eff¢¢tive l January 2019).
Objective5 and aetivities
In their management of the Foundation and its activities, the Trustces have paid due regard to guidance issued
by the Charity Commissioll.
The Foundation s strat¢gy is focused on building a fairer ￿t￿re for new generations. The Foundation seeks to
improve the lives af young p¢ople in the UK so they can achiev¢ their pot¢ntial, and woik io end multi-
generational poverty in South Africa. The Foundation does this by inve$ting in charities that seek to solve th¢
root cau8e of these problems, as well as the symptoms.
Aehievements and performance
In thj's fllLqn¢ial year ended 31 March 2023, the Foundation r¢ceived Si￿]rIcant donation% from its Founding
trustec and related parties. Durtng the financial year, continued l¢arning took place and was commissioncd. in
order to allow the trustees to further learn about a focus¢d set of issues we care about and to uuderstand the
difference that we could make. 'fhe trustees, through various appointed consultants and commissioned
lan(tsc&pc reviews, spent li￿¢ understanding how social problems ar¢ hcld in problem in place and took
"learn by doing approach"
As a resulL th¢ Tn￿tee$ were able to focus on key issue areas and embed key relations]Jips in ord¢r to refine
0￿r approach and maximise impact.
So4lhAfrico
In South Africa we have ¢onsolidat¢d our approach to building plarfornis for change and ¢oalitEons for scale
with a well-establish¢d South Africall partner oiganisation Ycllowwoods Social Venture5. We hav¢ to date
focused in the arcas of youth livelihoods by inVe￿ting in organisations such as Harambee, and early ehildho(xl
devclopment by investing in organisations such Smart Start. The5¢ donations have already made a huge
differ¢ncc to thousands of young pcopl¢, helping get iheEr first jobs or acccss eatly ¢duLatson, among
oth¢r critical outcomes.
We have broad¢ned our focus to in¢lude Social Justice bccause this is esselltial to building a fairer for
new generntions. W¢ will be ¢xploring how we Can make a difference to this issu¢ in tbe coming year.
Unitsd Kingdom
We have focused our capacity and resouTees on helping young p¢ople achieve their potenti&l, particularly
refugees who have buifered bar<tship. In addition. we contitjue to dir¢ct rebounes to organisations providing
frontline servic£s and m¢¢ting basic needs through our partner The Blue Thr¢a

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATION)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Oiherdtsnqlio
Wc have made few¢r disc￿110Dary grants than we predicted bccause of the spe¢d at which we foeus¢d our
stratcgy alld w¢ plan to ¢ontinue this focuscd approach.
The t¢am has had extensive convcrsations on impact inveslillg and ¢ontinue to explore this are4 and in the
meanti￿¢ have continlled to make traditional investments that do no harni.
The result is that a number of strategiL and frout-line organi5ations were visited and supported during the
period.
Flnancial review
The Foundation received £31,476228 of income via donations for the year ¢nded 31 March 2023
(£15,944,144 for th¢ period cnded 31 Match 2022). Expenditure on charitabl¢ activities increased
signifi&%ntly for the year ended 31 March 2023. with total grants payable of £19,104.263 (Grants payablc for
the period ended 31 March 2022 was £ 2.017,773). As a result the Foundation is showing & surplus for the
year of £13,316.927, including interest in¢ome and net of other expenses.
After Making appropriate eDquiries. th¢ Trustees have a reasondble expectation that the Foulldation ha5
adequat¢ resources to continue in operational Cxistence for the foreseeable future. For this r¢ason, they
continue to adopt the going conccrn basis in preparing the r￿ClaI staietucnts.
Reserves pollcy
The Trustees are mindful that the Foundation needs to maiIitain an appropriate l¢v¢l of free reserves and that
its policy is to pay grants based on its ability to do so taking into account commitments alreddy made. The
charity had fiEe reserves of £23.212,987, net of invesknellts, as at 31 March 2023.
As the Foundation is a grant-mgkuig charity. the level of reserves need¢d is to support its future grant-making
commitments and operational costs.

THIS DAY FOUNDATION (PREVIOUSLY CL JUBILEE CHARITABLE FOUNDATION)
TRUSTEES, REPORT (CONTINEJED)
FOR THE YEAR ENDED 31 IIL4RCH 2023
Investment poliey
The trustees have documented their illvestment policy within an Investment Policy Stat¢ment which shall b¢
reviewed annually. The Trustees Conf￿ thaL collectively, the trustces hav¢ extensiv¢ investm¢nt expeTience.
and also. from time to time, rely on ¢xternal profcssio]wl advi¢¢ fiom Invcstment Manager$. Furth¢r
investmcnt advicc is sought from thc appropriate advisors. a¥¢uts or firnis specialising in the particular area of
any inv¢stment from time to time appropriate. The Charity's invcstmellt activlty is Dot a replacement for its
grallt makmg activity, which will continue to be the pritnary means of fithering the Charity'5 charitsble
purposes. However, the Trnstc¢s may from lime to time invest the funds of the Charity in a way which direLtIy
fvrthers its charitable mission, having r¢¥ard to the priorilies set from lime to time by th¢ Tn￿tte$ and
recorded in tb¢ Charity's Grant Making Policy.
The Investment Policy Statement includcs, among other..
Investrncnt objectives;
Trustee regard to suitability ¢riteria'
Diversificatkon and con¢¢ntrations thresholds.
Lnvesttnent philosophy and risk profile.
Income and Capital requirements and liquidity-
Markctability, tEme horizon, geographical and sector allocations
As at 31 March 2023, the Foundation investtnents include the following impactful fllwicial privat¢ ¢quity and
dircct investm¢nts.'
Ahrcn Innovation VC Fund
Bridges Property Alternatives Fund V
Bridgcs Sustainable Growth Fund IV
ENZA Capital I￿Und ll
The Condllit Holdco Limited
Plans for future periods
In the next FCPOrting peTiod, the Foundation will conlinue its grnnt-making in the UK and South Africa. 118
aims and objectives will remain focused on building a fairer fi]tsre by helping young people ￿¢¢8S and
ben¢fit from opportunities to thrive. 'I'he Trustees intend to ¢ontinue to htre advisors to assist with btr&t¢gic
development through gathering of data and evÉdence, and to help ensur¢ lessons are learned to iufluence future
d￿lSIOnS.

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATION}
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR EIYDED 31 MARCH 2023
Strueturej governance, management
The Foundation is a Charitable Incorporat¢d Organisation {Foundation model whose only voting members are
its trustees) registered on 6 August 2021 with charity rcgistration number 1195423. The Foundation is set up
for the public benefit to further such exclusively charitable puwoses according to thc law of England and
Wales as the charity Trustees in their discrctioll d¢tcrmin¢.
The Foundation's minimum numb¢r of Trustees is 2, including the Founding T￿st¢e who is, subjeet to
remaining eligible and able to act, a Trustee during his 12fetime. The Foundation may hav¢ cortxiraie, and
individual, Trnst¢es.
Truste¢s make decisions collectively in accotdknce with the ternjs of the CIO Constitution. Trust¢cs ar¢
appointed by the Founding Trnstee, and are selected based oll th¢ir knowl¢dge. ski]Is and expertise relevant to
the Foundation and its work.
Trustees are inducted into the work of the Foundation and have received support from Womble Bond
Di¢kinson LLP, as well as rcceiving ongoing professional support on th¢ discharge of their legal duties.
Trn$te£s have appropriate policies and procedur¢s in pl&L'e pertaining to conflicts of intercst, and grant_
making. & well as overseas working, b¢aring in Tnind the grallt-making strategy in South Africa.
The Trustees who have served during the period and up to the date of Signature of the fjnalleial ststejnents are:
Mr D. Berelowitz (Appointed 25 February 2022)
Mr J. Macready (Appointed 25 Fcbruary 2022)
Mr E. Beinart (Appointed 6 August 20211
Mr G. Lubner (Appoint¢d 6 August 2021)
The Founding Trustee i5 Mr Gary Lubner. The additional thr¢c Trustees, {James Macready, Dan Berelowitr.
and F.Idon Beinart) were invited by Mr Lubner to bc Truste¢s of the Foundation as a result of their respeciive
expertisc and exp¢rience &n both business and philanthropic sectors. Both James Macready and Eldon Beinart
are Chartered Accountant& and Dan Berelowitz is an experienced prdctitioner in scaling social iMp￿t and
syst¢Fuic chang¢.
None of the TTh￿teeS bas any beo¢ficial interest in the Company. All of the Twstees are members of the
compally,. if the CIO is wound up. the mcmbers of th¢ CIO havc no liability to contribute to its as$ets and no
p¢￿Onal responsibility for settling its debts and liabilities.

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATION)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statement of Trustees, responslbilities
The T￿Stee5 are responsible for prcparit]g thc Trustees, report and the financial sttttements in accordance with
applicable law and United Kingdom Accountiug Standards (United Kingdom Generally Acccpted Accounting
Practic¢).
The law applicabl¢ to charities in England and Wales requires the Trustees to prepare financial ststcments. for
each fu￿￿claI year which give a true and fair view of the State of affairs of the Foundation and its incomillg
resources and 2pplic&tion of resources for that period.
In prepating th¢se fjnaucial stat¢mellts. the Trustees are required to..
Select suitable accounting policies and then dpply them consistently.
- observe the methods and principles in the Chariti¢s SORP.,
- make judgerncnts and ¢stin￿te$ that are reasonable and prudent;
sta* whether applicable a¢countAng siandards have be¢n followei subject to any material departures
disclosed and explained in the fthancial St￿eMents. and
prepare the fillancial statcments on the goiug concern basis unless it is inappropri&t¢ to presume that the
Foundation will continue in operation.
The Trustees are r¢5ponsible for keepillg sufficient accoullting records that disclose with reasonable accuracy
at ally time the ftnancial position of thc Foundatio￿ enable them to cnsure that the financial statements
Comply with the Chariti¢8 Act 2011, the CEwity (Accounts and Reports) Regulations 2008, and the provision8
of the trust d¢¢d. They ar¢ also responsible for safeguarding the aS￿ts of the Foundation and hence for taking
reasonablc steps for the prevention and detwtion of fraud and other irregularities.
This Tn￿tee$, report has been approved by the Board of Trustees.
Mr D Berelowifz
Trustee
Mr J Macready
Trustee
Date..
16 3.
2020

Hackeryoung
UHY Hatkér Young LLP
Quadrant Hous
4 Thomas More Squarè
London E1W IYW
(Jartered Accountants
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THIS DAY FOUNDATION (PREVIOUSLY GLJUBILEE
CHARITABLE FOULYDATiof4)
Opinion
We have audit¢d the financial stat¢ments of This Day Foundation (previously GL Jubilee Charitable
Foundation) (the 'Foundation') for the year ended 31 March 2023 wkn'ch comprisc the statement of f]nancial
activities, the balance sh¢e¢, the statcment of &ish f]ows and notes to the financial statements, Encluding
significant accounting policies. Thc financial reporting framework that has been applied in their preparation is
applicable law and Unitcd Kingdotn Accounting Standards, including Finallcial Reporting Standard 102 The
Financial Reporting Siundard applieable in the UK and Republic of Ireland (United Kingdom Generally
Arcepted Accounting Practice).
In our opinion, the financial ststement$.'
give a true and fair vi¢w of the stale of the charity's affairs as at 31 March 2023 9md of its incoming
resources and appliciltion of resources. for the y¢ar then ended.
have been propcrly prepdr¢d in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordan¢e with the r¢quirements of the Charities A¢1 2011.
Basis for opinion
We conducted our audit in a¢¢oTdance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those 5tandardb' are further des¢ribed in the Auditor'.Y ruporysibililies
for ihc audit of ihe finapjcial Siatemén15 section of our repon. We arc independent of the Foundation in
accordance with the ethical requirement8 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 ¢thical responsibilities in accordanc¢
witb thtrst requirements. We believe that tbe audit evidence we havc obtained is sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statemcnts, we have ¢on¢luded that the Tn￿tees, us¢ of the going concetn basis of
accounting in the preparation of the fJt)an¢ial statemcnts is appropriate.
Based on the work we have ￿rforniCd, w¢ have not identified ally material unccrtainties relating to ev¢nts or
conditions thai, individually or collectively. may cast significallt doubt on the Foundation's ability to continue
&5 a going concern for a period of at least tsvelvt months froEn when the financial statcments ale authorised lor
issue.
Our responsibilities and the responsibilities of the Thstees with respect to going concern are described in the
relevant sections of this report.

Hackeryoung
UFIY Hacker Yowwj LLP
Quadrant House
4 Thomas More Squa
London Elw IYW
Chart@red A(cotsniants
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTFES OF THtS DAY FOUNDATION (PREVIOUSLY GL JUBILEE
CHARITABLE FOUNDATION}
Other Information
The other infonnation comprises the inforn]ation included in the at)ttual report other than the fjnancial
statements and our auditovs report thereon. The trustee5 are responsible for the other information contained
within the annual report. Our opinion on the f￿anCIal statements does not cover the other inforniation and we
do not express any fornj of assurdnce collclusion thereon. Our responsibility is to read th¢ other infonnatio
aniL in doing so. consider whether the other infonnation is rnaterially inconsistent with the financial
ststements or our knowlcdge obtaitted in the cOu￿e of the audit. or othcrwise app¢ars to be materially
misstated. If we identify such material inconsistencies or apparent m&ierial mi95tat¢ments, wc are requiIed to
determine whether this gives rise to a rnaterial misslatement in the finan¢ial state]nents the]w¢lves. If. based
on the work we have performed, w¢ Conclude that th¢r¢ is a material mi&8tatemcnt of this other infornHtioll,
we ar¢ iequired to report that facL
W¢ have nothing to report in this r¢gard.
Matters on wbi¢h we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities IA¢¢oullts and
Reports) Regulations 2008 require us to report to you if, in our opinion..
the inf0m￿ti0ll giveu in the financial stat¢ments is inconsistent in any material res￿Ct with the Trustees,
report. or
sufficient accounting records have not been kept- or
th¢ financial 8tatements are not in agre¢ment with the accounting records- or
we have not received all the inforn]ation and explanations w¢ reouire lor our audit.
Responsibilities of Trustees
As explained more fully in the statement of frustees, responsibilities, th¢ Ttustees are responsible for the
preparation of the financial state￿ents and for being satisfi¢d that they give a true and fair vi¢w, and for such
intetn&l control as the Trustees detemiine is necessary to ¢nable the preparation of financial statements that are
free from material misstatetDenL whether due to fraud or error. In preparing the f]naucial stxt¢m¢nts, the
Trustees are responsiblc for assessing the Foundation's ability io continue as a going concern, disclosing, as
applicable, matiers related to going concern and using the going concern basis of accounting unless the
Tnjstecs either intend to ceabe operntions, or have no rcalistic alternatiye but to do so.
Auditor's respollsibilities for the audit of the financial statements
We have bcen appointcd as auditor under section 144 of the Chariti¢s Act 2011 and report in accordaucc with
the Act and relevant r¢gulations made or having eEfeLt thereunder.
Our objectives are to obtain reasonable assurance about whcther the financial stdtemcnts as a whole are free
from material misstatement, whether due to fraud or error, to issu¢ an auditor's rcport that includes our
opinion. Reasonable assurance is a high level of assurdnce but is not a gUar&￿t¢¢ that an audit conducted in
accordance with ISAS {UK) will always delect a material misststemellt whcn it exists. Misstatements can arise
from fraud or erEor and are Considered malerial if, individually or in the aggregate, they could reasonably be
expe¢ted io influen¢e the econotnic decisions of users takcn on the basis of these f￿ancIal statements.
Th¢ cxtent to whieh our proccdures are ¢apable of dct¢cting irregularities, including fraud, is detail¢d below.

Hackeryoung
LIHY Hacker Young LLP
Quadrant House
4 Thom85 More Squa
LondonE1W IYW
Chartered AccDuntant5
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE
CHARITABLF. FOUNDATION)
Based on our understanding of the charity and the industy in which it operates, w¢ identificd that the
Ptincipal risks of non-cotnpliance with laws and regulations related to anti-bribery, corruption and fraud, and
wc consid¢red the cxtent to which non-complianee might have a mat¢rial effe¢t on the fInancial statements.
W¢ also considered those laws and reglllations that have a direct impact on the preparntion of the fllwicial
statcments such as the Charities Act 2011. We evaluated management's inccntives and opportunities for
fraudulent manipulation of thc financial statem¢nts (including the risk of ove￿Ide of controls). and carried out
appropriat¢ substantiv¢ procedures to address tbese.
Audit proeedures perforn)ed included= revi¢w of the financial statement disclosure5 to underlying supporting
documentstion. enquiries of management and testing of journals and eval￿tIng whether tbere was evid¢n¢c of
bias by the Trustees that represented a risk of m2terial mis5tat¢ment due to fraL￿.
There are ittherent limitations in the audit procedures described abov¢ and the further removed non-
compliance with laws and r¢gulations is from Ihc ¢vents and transactiQn5 reflected in the financial statcments,
the less lthely we would become aware of it. Also, the risk of not detecting a mat¢rial misstat¢ment due to
fraud is high¢T than the risk of not detecting one resulting from error. aq fraud may involve deliberdte
concealment by, for exampl¢, forgery or intentional misrepresentations, or through Collusion.
A further description of our r¢s￿nsIbIlitieS is available on the Fiwdneial Reporting Council's website at-
https.'Ilwww.frc.org.uklauditorsresponsibilities. This desertption forms part of our auditor's r¢port.
Use of our report
This report is made solely to the ctwity's trustees, as a body, in accordau¢e with part 4 of the Charities
(Accounts and Reports) Rcgulations 2008. Our audit work has been undertaken so that we might state to the
charity's trustees thos¢ matters wc are requircd to stdte to them in an auditor's report and for no other purpose.
To the fullest extent P¢tmitted by law, we do not accept QT assume responsibility to anyone other than the
¢han"ty and the ¢harity's trustecs as a body, for our audit work, for this r¢port, or for the opinions we have
fornied.
Harrlet Hodgson-Grove {Senl<Jr Statutory Auditor)
for and on behalfof UHY Haekeryoung
17 January 2024
Chartered Af countant$
Statutory Auditor

THIS DAY FOUNDATION {PREVIOUSLY GL JUBILEE CHAIUTABLE FOUNDATION)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unre5trictedUDrestrlcted
luDd5
funds
2023
2022
Note$
Income from:
Donations
Interest income
31,476.228 15,944.144
382,499
3,399
Totsl income
31,858,727 15,947,543
enditure on:
Charitable activities
5&6 18,541,800 1,996,112
Net llleome for the ye4rl
Net mTrvemellt in fund$
13,316,927 13,951,431
Fund balances at l April 2022
13,951,431
Fund balaDces at 31 Mareb 2023
27,268,358 13,951,431
The 5tatcment of financial a¢tt"vities includes all gains and losses recognised in the yeaT.
All income and expenditure dcrive from continulng activities.

I'HIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARfrABLE FOUNDATION)
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Notss
Flxed assets
Invcstments
5,536,631
Current assets
Debtors falling due after one yEar
D¢btors falling due within one y¢ar
Cath at bank and in Iwid
12
12
1.800,000
365,206
23,212,987
362.500
13.598,181
25,378,193
Credltors: amounts falling dlle withlll
ne year
13,960.681
13
(3,646,466)
(9,250)
Net cU￿¢￿t assets
21,731,727
13,951,431
Total assets less euTreDt iiabllities
27,268,358
13,951,431
Ineome funds
Unrestrict¢d funds
27268,358
13,951,431
27.268,358
13,951.431
The financial statements were approved by the Trustees on .. ......................
024
Mr D Berelowitz
Trustee
Mr J Macready
Trustee
io

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARrrABLE FOUNDATION)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
21123
2022
Notes
C45h nows (rom operating activities
Cash gcnerated fro￿ operdtiODS
15
15.711,610
13,855,030
Inve$tlng #ctivitles
Purchase of investmcnts
Investment ineon]e received
(5,536.631)
382.499
3.399
Net cash (used in}Igener#ted Irom
lllvesting activities
(5,154,132)
3,399
Net Cash used in fillanciDg activities
Net in¢rease in ea$h and easb eqU1v￿entS
10,557,478
13,858,429
Cash and cash equivalents at beginning of year
Effect of foreign exchang¢ raies
13,598,181
1942,672)
(260,248)
C￿h and cash equivalents at end of year
23.212,987
13,598,181
The notes on pages 12 tr) 18 form part of these f￿ancIal statements.

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Ar￿)Unti￿g pollcies
Charity InformatloD
The This Day Foundation (previously GL Jubile¢ Charitsble Foundation) is a chatitable into￿orated
organisation regist¢red witb the charity commission for Ellglat￿ and Wales. TheiT registered office is 17
Portland Place. London. WIB I PU.
1.1 Aceotsnting conyentlon
The financial staten)cnts have been prepared ill accordance with the Foundation's constitution, the
Charitics Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102") and the CbarÈties SORP "Accounting and R¢porting by Charities.. Statement of
Recommended Practice applicable to charities pr¢paring thcir aLcounts in ac¢ordance with the Financial
Reporting Standard applicable in thc UK and Rcpublic of Ireland (FRS 102)" (effective l January 2019).
The Foundation is a Public Bencfit Entity as def￿¢d by FRS 102.
The fllwicial stdtcments arc prepar¢d in sterling, which is the functional Currency of the Foundation.
Mon¢tary amounts in these fuwicial stalements are rounded to the nearest £.
The f]nancial statrn)ents have been prepared ullder th¢ historical Cost Convention, The principal
accoullting poliei¢s adopted are set out below.
1.2 Going concern
At thc time of approviRg the financial statements, the Trustees have a reasonable expcctation thai the
Foundatiou has adcquate resources to c()ntinue in operational existellce for the forcseeable future. Thus
the Trustees continue to adopt the going Concern basis of accounting in prcparing the financial
stst¢menLg.
1.3 Charitable funds
Unrestricted funds are available for use at the dis¢retion of th¢ Trnstees in furth¢rance of th¢&r charitable
objectives.
1.4 Ineome
Income is r¢¢ognised when the Foundation is legally entitled to it after any perforniance conditions have
been met, the a￿O￿ntS can be mcasvred reliably, aud it is probable that income will be r¢ceived.
Cash donations are recognised on receipt. Other donations are re¢ognised once the FoU￿datIon has been
notified of the donatiotE, unless perfornwice ¢onditions rcquire deferral of th¢ amoullt. Income tax
recoverable in relation to thbnations received under Gift Aid or d¢eds of covenant is recognised at the
time of the donation.
12-

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATIOIY)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR Ef4DED 31 MARCH 2023
Aeeounting policies
(Contlnued)
l.S Expenditure
Expenditurc is recognised once there is a legal or constnictive obligation to transfer econ(Trmic benefit to
a third paty, it is probabl¢ that a transfei of cconomic benefits will be required ill settlemenL and th¢
amount of the oblig&tion can be rncasured reliably.
Expenditure is classified by activity. The costs of eaeh activity arc made up of the total of dir¢ct costs
and shared costs, including support costs involved in undertaking each activity. Direct Costs attributable
to a single activity are ￿lOCated directly to that activity. Shared costs which contribute to more tban one
activity and 5UPPOrt costs which are not attributable to a single activity are apportioned between thos¢
activitics on a basis consistent with rhe use of resources.
1.6 Flxed 4sset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently m¢asured at fair value at each r¢porting datc. ChaDg¢s ill fair value are recogniqed in net
incomdl(expenditure) for ihe y&qr. Transaction costs arc expensed as lticu￿d.
1.7 Cash and cash equivalents
Cash and ¢ash equivalcnts include cash in hand, deposits held ￿ call with banks, oth¢r short-term IiquAd
invcstments with origiT]al rnaturities of three months or less. and bank overdrafts. Bank overdtafts are
shown within borrowings in current liabilities.
I￿ Finanelal instrumellts
Th¢ Foundation has elected to apply thc piovisions of Section 11 'Ba$ic Financial Instrum¢nts' and
Section 12 '0th¢r Finallcial Instruments Issues. of FRS 102 to all of its fu￿￿¢1&1 iDStruments.
Fitwicial instnunents arc recognised in the FoundatlOn'5 balance sheet when the Foundation becorn¢s
party to the contractual provisions of th¢ instrument.
Financial assets and liabilities are offset. with the net amounts presented in the finanLial statements,
when there is a legally enforceable right to set off th¢ recogniscd amounts and thei¢ 15 an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.
Bosiefin4ncialassets
Basic f￿ancial assets, which include debtors and cash and baDk balances, 3re initially measured at
transaction price including transaction cosL8 and are subs¢quently carricd at smortised cost using the
effective interest method unl¢ss the arrangement constitut¢s a fillaucing transaction. where the
transaction is measured at the present value of th¢ future rec¢ipts discounted at a market rate of interest.
Financial assets ¢I￿sIr1¢d as receivable withill one yeat arc not atnortised.

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
A¢counting policies
(Continlled)
Basicfintxheialliabilities
Basic financial liabilities, including credilOTS and bank loans are initially rccognised at transaction pric¢
nlcss the arrangement constitutcs a financing transaction, whcre the dcbt inSt￿Ment is mcasured at the
present value of the future payments diseounted at a ￿k¢t rate of interest. Financial liabilities
classifi¢d as payable witbin one year are not aInortise
Debt i￿sIn￿￿t￿lS are subswuenily Ca￿led at amortised cosL using the effeetive interest rate method.
Trade Creditors aw obligations to pay for goods or seTvices that bave been a¢quired Rn the ordinary
course of operations from suppliers. Amounts payable arc classified as Cu￿ent liabilities if paym¢nt is
duc within one year or l¢ss. If not, they ate present¢d as non-current liabilities. Trade creditors are
recognis¢d initially at transaction pric¢ and subseouently mcasured at amortis¢d cost using the effective
interest mcthotL
Dereeognition offinancialllqbililies
Finan¢ial liabilitics are d¢r¢co￿)lsed when thc FOun￿tion'S contrdctual obligations expiie OT are
discharged or cancelled.
Crideal #ccoundng estimates and judgements
In ihe application of ihe Foundation's accounting policies, the Trustees are T¢quired to make judg¢ments,
estirnates and assumptions about the Carrying amount of assets and liabilities that ￿e not readily
apparent from other sources. The estimdtes and associated assumptions are ba5¢d on historical
experiencc and other factors that are considered to be rel¢vant. Actual results may diff¢r from these
¢Stimates.
The estirnates and underlying assumptions are reviewed on all ongoing basis. Revisions to accounting
estirnates are recognised in the period in which tlie estim&le is revis¢d where the Tcvision affects only
that petiod, or in thc period of thc revision and future periods where the revision aff¢cts both current and
future periods.
Donations and leg*cie5
Unrestrieted UDrestricted
fund$
2023
2022
Donations and gifts
31,476,228
15,944,144
14-

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHAIUTABLE FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Investments
Unrestricted Unrestricted
funds
funds
2023
2022
Ineome from listed invcstments
ITtterest income
3,419
379,080
3,399
382,499
3,399
Grants payable
Grant
funding
2023
Grant
funding
2022
Grants to institutions (63 grdnts)..
The Blue Thread
Y¢llowwoods Social Invcstment NPC
One to One Children's Fund
Spring Impact
MAID Foundation
Global Developm¢nt Incubator
Hope not hate Ch2ritsble Trust
Lubner Family Charitable Foundatio
UBS Optimum Foundation UK
Clor¢ Social Leadership Programme
New Israel Fund UK
British Future
Yachad
Ficld Band Foundatioll
Other
6,000,000
5,103.343
1,850,000
1,018,514
482.703
428,536
300.000
254,575
246,979
250,000
250,000
200,000
200.000
i 00.000
2,419,613 1,517,674
500,099
19.104,263 2,017,773
Grants awarded over the value of £l(X).000 hav¢ been d¢tailed above. The Foundation awarded a
number of smaller g[￿lS in the year that hav¢ been included in "other"
15

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CIL4RITABLE FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Governance
Costs
eosts
2023
Support Governance
costs
eo$ts
2022
Exchange gains
Consultancy fees
Insuranc¢
IT software,
subscriptions, telephon¢
Staff training
TIavel - National &
International
Entertainment
Advertising
Audit fees
Legal and profcssiollal
Bank charges
(942,672)
134J42
1,348
(942.672) {260,248)
134.342
220,746
1,348
(260,248)
220,746
923
10,800
923
10,800
14,954
5,879
127,199
14.954
5,879
127,199
17.760
64.253
2,751
17,7&)
64,253
2.751
9.250
8.423
9.250
8,423
168
(647,227)
84,764
(562,463) {39,502)
17.841
(21,661)
Analysed b¢tw¢en
Charitabl¢ activities
(647,227)
84,764
(562,463) (39,502)
17,841
(21.661)
Auditor's remunerado
Fee$ payable to the Foundation's auditor and assoeiates:
2023
2022
Audit of the Foundation's annual accouDts
17.760
9,250
Trustees
None of the Trustees (or any persons conn¢cted with them) received any remuneraliorA or benefits from
the Foundation during the year.
Employee$
The average monthly number of employees during th¢ year was:
2023
Number
2022
Nun)ber
Total
16

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATIOIY)
NOTES TO THE FfNANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Employeos
(Continued)
There wer¢ no employees whose Illn￿1 remuneration was more than £60.000.
10 Taxatlo
The eharity is exempt from on income and gains falling within section 505 of the T￿eS Act 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to thc extent that these are applied to its
charitable objects.
IJ Fixed asset investments
Investments
Cost or valuatio
At l April 2022
Additions
5.536,631
At 31 March 2023
5.536,631
Carrying am¢bunt
Ai 31 Myrch 2023
5,536.631
At 31 March 2022
12 Debtors
2023
2022
Amounts falling due within one year:
Prepayments and aceru¢d inc0￿C
365,206
362,500
21123
2022
Amounts falling due after more than one year:
Other debtors
1,8(XJ,000
Total debtors
2,165,206
362,500
Includ¢d in debtors due aficr more than one year is a conv¢rtible loau that is eonvertibl¢ in 2026 based
on the Vdluation of the investsn¢nt as at that date.
17

THIS DAY FOUNDATION (PREVIOUSLY GL JUBILEE CHARITABLE FOUNDATION)
NOTES TO THE FINANCIAL STATEMENTS (CONTIIIUED)
FOR THE YEAR ENDED 31 MARCH 2023
13 Creditors: amounts falling due withfin one year
2023
2022
Trade creditors
Other creditors
Accrn21s and deferred incorne
3,617,720
1.796
26,950
9,250
3,646,466
9,250
14 Related party transactions
During the reporting peTiod a total of £31.476,228 was tr¢cived in donatio￿ and gift aid from re12trd
parties. Therc were no conditions attsched to these donations that would, or might, Icquire th
foundation to alter significantly the llature of its existing activiti¢s on acr¢ptance of those donalions.
Grants were paid to a nuFnber of related charitics in South Africa including Afrika Tskkun UK, MAID
Charity Foundation. One tn One Children's fund, Spring thipaci. Th¢ Blue Thread and l-hc Smile
Foundation among others. For the breakdown (refer to gr￿ts payable notr 5).
15 Cash Eenerated from operations
21123
2022
Surplus for the year
13,316,927
13,951,431
Adjustments for..
Investment income recognised in ststement of financid activities
Foreigm exchange differcnces
{382.499)
942,672
13,399)
260,248
Movemenis in wO￿l￿g capit21..
(Increase) in debtors
Increase in creditors
(1,802,706)
3.637,216
(362,500)
9,250
Ca$h genernted from optrations
15,711,610
13,855,030
16 Analysis of changes in net fund$
The Foundation had no debt during the year.
18