Clwlty r•ql•tr•llM 11964J2 IEthg14Thd 4nd W410•) Covwny rnohtratkn nufflh•r 13231493 S P LOHIA FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 S P LOHIA FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Mrknit Ltha MrsAa￿. Lohia Mr Gaurav S•cr•t•ry Ch•rlty rnmb•r Comp*ry nurnb•r 13231493 PrIn¢l￿1 addr• SMY6JD R•glBtsr•d offl Y6JD Audltor K1 FIOLV 314 R•g*ts Pwk Ro•J S P LOHIA FOUMDATION coKrENTS P•90 Trugtees. rnpty1 In¢*p￿dent 84*itof$ ststerMntoffjn•Kio1 10 stst8ffi￿rt ofcash I 11 12-11 S P LOHIA FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2024 The finaneKal statsrn•nts ha* boon in aCCUd￿Ce tmlh the ac¥Auntir¥J FdKag5 5¢t out in note 1 to th& financkll stst•m•nts and c&npty wth ftyJndat*￿.S Mwnor•*Jum arnl Arbde¥ olA550c*knn, thè Companles Act 2006 and "Aecounb"wJ and Reporb"ry by Charibes.. Sl*wngnt of Reoynmendad Prath"ce applKable to charit*s eparing their accounts in accordance wrfh ts Fin￿¢1¥1 RgFvl¥¥ Stwthrd 4pph.cauè in Ihe UK ￿ Repubts"c of Ireland IFRS 1021" leffecbvg 1 January 20191. Oblocttrl￿ #ffid aellvlll Th? only obiert fourKlats"on was eslabw￿j L% Ihe wbb"c berwfrt to fiJrth8r sueh •xth$￿1Y aritsbte purpos•s AtccrdTh3 to l••ts of ErrJ¥rt1 as the Trustees in th8br absolutts disttetion from timè to tim• d•i•milM. Soulh London Fin• Art (SLGI £50.CW Th• drAMIKffi t*as m•Je tr th8 ol wésertw¥J a now •xhlbrfOon by art&4t Nairy Bathrnmian across all galery sp￿. Th exhits'lbx fgatttto nvw largo-scale suAptural works aNI •￿$t1￿j t4irvJ shown in Lorth for Ilw frt1￿￿. 8athramian s rn¢•nt artJ"sb"c whyalws. South L￿(1¢￿ Fine Art (SLG) £10.IXi) - T•￿ mad• b) siywt eXfftibit￿n 'Low, Pethgm. S8va Grant (Wanath" Fo￿da￿OnI £12.247.37 - was m•d• wo$• of wnplementing the Int•grated Coastsl Dmkyment Program. British C¢)unc4 £47.(YKJ . Th• dtffiation was m&Jo k* 80kn pwpow of Supp￿ th• Coundfs thantsbl• vitss, indudiTr3 £27.0(l) for eth￿1￿1e aNt £20.Q)O fortho 2024 comm￿￿)n for Bnlish Pavilion tthg Vgnica &anna￿. Th8 Royal I￿trIu￿ ol Intemaiwl Affairs £I0,IX)0 - the ￿ was made to Chathwn House cary out ita M￿10Th.. 8wporbng g¢)vemments oThJ soci8￿5 in a s•uJre, proskwrJJ$. and fair *vrbJ. Thi# funding Tr)k8rTaUor t86.168- Grnntls pro¥wtsJ for a th)wnenlary ¢¥led Ch855 in Ja Th8 Gr•)t is made to the Reapi￿t to SLVPOrt th• d?￿lopment of • dmrynlary lthe Do0￿8nt￿YI p￿tsin￿ to the use of thes$ as me0Th5 of womotino ￿ha￿l￿A#1 changès in wsomrs li US f•Je￿ priswts as a mear¥s of rethung th8 ratè of reoffen(kng amorvJst thè pr￿n p)pulath). r•hthlilatry th• kmon pwu1al￿)n Ihrouth thgir 9￿rat￿)n P31tiap8titin in the game of thess. thw ff•nlal wd *•&bwrvJ arwl gnhwKiry th8w cyporbjnity to more meaniwfuty partic4pate in thwr c£YnrnuThtss. Praina Schdw £30.999.48 . A scho￿ wogranmè suppthts c4th*en of hd0￿4.$ l¥rnity of employees to atteTrJ tcy unTrvètsibès gkknaly. The co4wtrJiiw fo0$ and IMf¥J expon￿ #￿1$Ats who dernonstrate exc•ptional ac•Yemic rertorman Tho London Clinic £5Ch).(KQ - dB5wJ￿d 1h• Er#J)sc4py Unit at 20 Downghi Icahn Sthool of Mgdityns at kthytht Shiai £785240- The VAS mode for th8 sclè purptss8 of ertatsng cardh)vasoAai dirical inititith C•)Msting ol rotiona*y WKI resgwthor5 tp3TrJuct dini¢21 triAL% Inwporats the l•tsst SL?•nlrf¢guidel"nes Ihw Tho Trustegs hab? wid du• Mgord lo ty lh• Chwty Clrntssion in d￿ldIng 7knt acti￿￿08 Ih? foundation I1￿ba S P LOHIA FOUNDATION TRUSTEES, REPORT {INCLUL)NG DIRECTORS. REPORTI ICONTINUED FOR ThIE YEAR ENDED 3f DECEMBER 2024 A¢hl•v•m•nl¥ •nd p•rforniarK• 60,79J v¢slors. 8 19% YKreasg from tr* previous y, wrth m05t atl#Thl•8s W 1fA9 41% from Global MaJ"ority bac*9rwndB. 11 foste￿￿ and ry8atMty Ihrough ￿te(a￿"* instatFab"ons and the Communities & Leamiry prcgramrna. whKh engaged 187 st￿ aThJ intrc¢Juc•Y th& fvst Teacher CPDL SI￿ Day on anlioosl wactices. Thè èxhibition siJnfficart prnss co¥erage. in¢knling featu￿ in Th¢¥ Guarth8n. Th8 Art Nawspapèr, 8thY Art Monthty. atso I￿Ing spoyightsd durry Frieze I*gk LoThJon. Dyitd 8ngagèrnènl was strong, wth 21,773 **Lwe ¥iehz, over 31.CO) sccial Trxdia rgel and infllmn￿r ¢oHaborab"ons reach.ng pot•ntial 139.000 ￿. Cow. these Slrengtt￿Id SLG'S 8ud*rt• r•xh, •rth&n¢•d edu¢ats"tMNI mission. and se￿re￿ lastiThJ arxoss a¢ad•m& and *rtal sph8r•. The Logo3. Peckhom. RqJ8at Pdgww to Lakes e￿￿tsOn 8t S￿th Lor¥Jon Galkny w¥$ o r•marW succe¥$, vrtoming over 101.C((I vtsth, tho ga18rfs htyest allendar￿ in f￿r hpaws. li ttsaiur•d 13 NtrJ•rfan and Briti"s￿N￿erlan arts.sts new ¢(￿mISsI)n$. l￿d cc4nmuW ¢x(¥ects Such as the Oiaspor# Garden and Uttl8 Lagos Famlly Day, whKh engapl of local kni* 5rknL5. gainad ¥Ado recognrtlon. recwvthg stsr reyivths in Tr Guardian PAKI Stathrd. awKJ wth1nab￿al coNeraJe induding CNN s Insth Afnca aTrJ Artforum. Its digital r•a¢h was str￿. wrth exhlJ*wJn attfadrvJ 56.383 lie4￿ 5Thial m¢di? mpabjns reathing ol wthlJv4Tr￿. • SEVA 2024 Grnrt pw)Jrnm in &Jbaw V*st Jrn ¥thipwJ BtroTrJ threj ir*bati¥es. A 2.40￿ree marww pkntsb.on was erthancry oJn8eNat*?n and commurnty mC4¥￿ent Local fish farmers in Mayongan ￿ T8galtwung 10 vEN￿T 8•rators and pond renovations inpro¥ing resilien agairtst tidal fioods and SUpF¥￿1g talfish, u8b, and shrry cultivat#)n. In add￿"on, a wa*r desalinath?n unit wilh 8,00￿lter dali y capacty was ￿¢£e$S￿J￿I instthd aThJ c•rtifjed. nth¥ SLyplyiry s* drinknThJ watgr up to 152 Peopkn por day. TL¥elher, these efforts a(fvanc*l sUStainatty, fotrfl a•tyrt¥, and acc•s& to d8an water. Biithsh Couni>l £47.000'. Supporting the UICS cornmissioft Tor the fjcth Intemats"L￿I Art Exhitsbon- La BIen￿lt di Venwa. thk8 dO￿￿n enab185 Sw John *komfrah PAto realse l¥s m￿t ambrtious lo date, Li#tening all N￿h1 to th¢ Rain. Th8 inrnW5Ne installats"LM expkKes mtryation. Kltr*ity. et4onkql legao8s. aThJ dimat• throioh e9ht inte￿￿en swnd arnl VKlg0 an¥￿[￿en￿ The ccrnisshin is e￿¢ted to reach maj'or a￿1￿Ces. 8park debth awKI artists A key e￿ent of the w(*k wrill be acquired inio Briti¥h Cc48Llion. 1&3acy *d put1￿ er¥Jagement. Thè Royal Insti￿rt0 of 1nlwnoth￿ thrn". Agrart from SP lolya FoWthl*￿. pgrtofth8 LiDn81 Curliry Group. supports tt* ongK)ing work ofchatham Hous• Tr Royal Ingbtyte of Inlem3tional Afy￿). The fiJrtdiNJ helps thè Institute c¢)nllnuo rfs misstix to ¥ 3wJre. prOspwo￿. worfd by 5wwts.ng in¢*endent ￿earch, public er989ement, and F￿￿cY thsrts%sions. Thè ¢JJnabon c£¥￿¥ to maKkn"r8 chath￿ Howes abihty to hosl &vents, 8xpknr8 now arnas of rns•arth. and bro•Jw. mN• 1S¥•rn• audiences. Akey part ofthg 15 onsuring IMtitute'$ woth rnmakns ￿(￿$S￿A• to with of its ou¥>ut fregty availabkn and ough cvJtreach pwams. Prnjna Schdar £30,999.48~The wos ￿￿ded bj LIMOV ofUzt**lstan in 2023 f¢r th• St￿ty in Aiizona UnNerW *Tr USA. A¥ ￿r Iho ojndibon of Pi4na S￿￿larShIp pr(w•n. th8 stud￿t need¥ to xhievg ¥ 9radg 4 Orab0￿ to S8cur¢ the the noxt yw he has done *ll wxl tha wada 4 in lu$ knt ￿r to B￿re grant for sea￿d yew. Londors cth'n￿ £5CIJ,000.. A de4)ation trom SP LL*ia Found8boTh $UFPYt fv Endoscryry Unit at 20 E)evonshim Plac8. Phas• 1 of lh• rnnovab.on has b*1 crynplgteLI. with ts fir¥t renovated Pat￿nt CLtsides officially opened on 23rd Septem￿r 2024. This fflalks a malty m1w￿& in tyjr th to •ntrwc4 leahn Stslool of Methune at Meunt Sinai £785.240- xhkved tLy Cath ￿ Q￿. Satsty, and vol￿￿• in NYS aThJ USA. lurth8r YELLOWIII Gerrftic S&￿t￿Jy.' A L8CT presentation alAHA. COM￿.￿Jed Cath Lab Innovab"on. GrcwAh in Tranwatheter Vafve Inte￿nti￿￿￿'. 50QtyTAVR (Tfanscatheter Aorb"c Val¥e Repkcementy100+MEER {Mtiral Tro[￿atheter Edge4￿E636 R8pai¥ySO+rrEER (Tricusp￿ Trnftscailthr EL*>¢￿Edge Repair). Great Succ8S5 01 CCC &AJ￿U#l s￿￿F¢Al￿. 29XMJ+ Iwl¥lCME. S P LOHIA FOUNDATION TRUSTEES, REPORT (INCLUDhNG DIRECTORS. REPORT) (CONTINUED) FOR ThIE YEAR ENDED 31 DECEIIBER 2024 Fln•n¢lal r•¥l•w The FoW￿ation r8FQrt•J a deficit of £122.549 (2023". £86.382 as s•t on p•9• 9 of Ihese ac¢ounls. resgr¥oB to ￿erth1¥ defiryt The Slatwr*rt ol Finanoal Actp*ay thè èx*rtd, al d￿ritabl• fijnds ¢kning tho ￿￿. R•••ThM PoN¢y R￿￿*9 as at 31 Decwrtw ￿24 tL*th¢J £235,883 12023: £358.4321 ￿ we m•inty r•w•s¢nW by e•sh Fourn1•t￿ has rn5eNe• of£235.883 {2023.' £358.4321 wlmth •J8(wts. It i% the policy ofthe frNJndab"on that wreSInc￿ fiAvJ5 whw* not been dgs*Jn*J swifi¢ us& shoukl bo maintsined at a equivalent to ¢xca rnorrths exFer*knre. Th• TnJsta85 oJn¥NJor that r•s•rvas at this 18v•l 11 ensure that in ts e￿t of a s•Jrufrcant dwDP in fthjing. ￿11 btr ablo lo rA)ntlnu• th• foundabon's cuiro cons#Jgration Ks gNen to ways ￿ whrh add￿ertaI furkts may be rai* Tho Trust88s have ass6s*J mw rsks to r¥ exp058d are sali&fiwJ that syst•m$ •ro in plxe to rn￿gate 1hose m4or risks. Pl•n• forfutsu• p•rlod• Tho T￿￿te¢5 ho￿ th¢ fdlrmryng plan$ fof orth• fournlation.. The loundat*)n 15 curreNty WI￿ US EI* E(ktstb)n oryanisalkTh as Babson Cc*• Mtsrton Uni¥erW lo devdop a Scholarship wc*3ramme to swp)rt setth. Tré (tymdation * I￿￿r￿j into swo￿.￿j a thi wc4ect lo Ihe inpac4 the¥5 an Bmateur sport mèntsl h•dth. The fkn *41 frrjjs the St￿ of in a pl￿On who has bor*fitsd from ¢h8SS and w￿1 be rdeased for an p¥dg. (Wc*d &Jdane80 in th& UK Ilwwjh Ihe (*anty UNHCIi SINC￿r•. gov•rn•n¢• and ￿￿￿98m4nt S P Lohia Fowvtsb"on i¥ repstored thwity wwJstrakn n￿nb￿r 1195432. Its istor•J offi￿ •SJress is fjth Ftor. 86 Jgffrryn Str99( Lcrfth. SW1Y 6JD The foundats.on is a Ixnyny k"mited by guwtsa by it8 Uomorarbjum and ArW•s ofAssochtk)n. The fowKlats)n was irKorporotsd 27 February 2021 was rtgtstered as a dunty on 6 Aug￿t2021. Th• Trust￿$, who are also th& Lfnctw ts the PUEkW ofc(Tnpwy Iww. aTrJ who 8arv8d durirYJ thè yw and up the dats ofsignatufe ofthe fThncial staleffjents were.. Mr s￿ Prnkash Lohia MrAmit Lohia Mr8AarbAmit Lohkq Mr Gaurav Wa Mr SahJayAgaTh None of the Tru6tee6 has ary benefi¢491 interest n tha C(ffip￿y. Al ol the Tnjstots are memtors olthe c4JTrP and guar•nt* to conlributs p com1)￿ lotsl of£10 in ts gb*rtofa IF. S P LOHIA FOUNDATION TRUSTEES, REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Unk$3 dthnmned ty th8 TrLth85, thè ol Tru*•s shal r#)t t• l•ss than thw but S￿11 not b• S￿le¢* lo any M￿r￿JM. Th* firstTNst•as Sh￿ be ¢(*￿ent lo be atw*J as Trustees ￿ wKorwation ollh8 Fothaatitin. Th• Tntstees shal have the at any line to wry per￿ *Ae arKI wilwYJ b) do so to be a TnJst•e. In ac￿rd￿¢• wilh tha urnpanl# atidès. a Ihat B•th•* be R•ppo¥thd as liior ofthe crryany wil bts put at a Gener81 Meotrg. Dl•¢hJ•urn al Ibknmutlon to author Each of the TNsteos has confwmed Ihat thwe ts no Inhyrna￿ of whK* fv are whi¢h is r¢knnt to the 8A&4it, but of whieh thè audrtor is un•warn. Th•y ha¥Y fixlh•r that they have takw wopriat8 s*ps to k18nbfy such relmnt infrnkn.on and to estaWt5h thaitts a￿J1¢y i8 aware infr¥rm*iDn. This repori has been pr8paTrd in aceowdanal with smal r•gkn• C¢mwin Act X¥)S. Approved by Ihe TnK4tees 4ned on tr*r beMI. MrsAarbAm* Loho Tru•t•• 29 S•ptember 2025 S P LOHIA FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBIUTIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Tnotees. who arg abo ts dwectrys ol S P Lohm Sx the wrKxxe d compwy law. are respor6ibl8 for pr8parir¥J thè Trusteès. Rwrt aThJ th• stst•m•nts n accudane• with arvk*)kn law United rwJdom Accountry StAndards (lth'knd Kjrgkn GenwalyAttrftsd Ac0yJ￿'Thj Prac*LXI. of the stats of allm ol the ￿ndation arKI of thè MKoming r•aOU￿ wkats)n of rnsourrns, thg irwme and 8xp8r*thJr8. ofthe charttabkn forthat y•ar. In pr8paring Ihese fin￿al gt*w*nig. Tru*es are req￿￿ to.. . obger4w ts rn8ttwJds ar¥J Ch*ths SORP". . state aFpkat49 UK Accounlirvj Stwd*ds fofrtwed. sw to any m*ial departure5 th¥cl)s8d 8xpl*nèd firt￿0#1 #takn8rls.' aNI . prapwo the ffnarKaal st4*rthts (m cLYwn b9* ￿10¥$ il i¥ MIOFsrf¢yi#ts ty pr•skmè that thè founLlatkn w41 conty.nw in operabr￿. The TnKBtots at• Mspon￿lIk* br keeptsw ¥x4yJnt*ig T0￿ Ih•t thxlo¥e with re¥8onpbb awirary al a)y tkne the flna￿al po¥b"on ofthe and enabk them to aftsure that IhB finaneAI statsmants vrilh t￿ c1j￿panIeS A(* 2(X)6. They are *0 rg¥onsth kn safeguathg the #ssots of tho foundalh)n •nd for S P LOHIA FOUNDATION INDEPENDENT AUDITORE REPORT TO THE MEMBERS OF S P LOHIA FOUNDATION IAt have a￿￿rted ￿ fjnanoal of S P Foundation (the YourthiKrfh) for the year ended 31 De￿rnber 2024 which ￿MPrIse Ihe $la18mwrt of fmarKial aJi￿ties. fv boiwKe sheel. staternent of cash Ily* J noto9 to ts fin￿?1 Ststsrn￿ts, indLhknJ svJnlf#￿nt aCC[￿r￿￿j poli￿¥. Thg rePDr￿rwj framework that ha5 b88n in their wepar4bon 15 4ykabl8 and ihwt8d KiwJLwn knounting StarwJard5, indLN&"ng FinanoAI RO￿rbrO standa￿ 102 The Fffjartsal SlaThlwd th8 UK and R8pubk' ol Ireland {Unit8d longdom Gernraly Acc•pba Prackn). In our tymnion. the financ4￿ stat•m•nts" gNe a ark1 fair of ts s1* rl the affav5 a$ at 31 Dewnb8r 2024 and of il ended: •* for •plnlo conduci•d our audit in acts)nlanc• Int•mab"onal Stsnd*ds on A￿a￿ti￿j WK) IISA8 IUK)) aThJ 4Wlcabt& Law. Ow respNsikn"I￿.es under those stamlards are lurther deguthd ￿ the Audqofs m$p￿RI￿j￿0s lortho a￿111 or the Anan￿al slatemgnts sec*on ot (w reporL IAè are 1r**pern￿I of the kjundakn in accordance ￿ the ethical requirements that are to ow ol the fnarKial statemwts in th? UK ￿dudl[¥J ts FRC'¥ Ethical Standard. ond ￿ have Wled our olher ethcal r8sponsknthes in aCrXYdan￿ r8qwrern8nts. b8li that the audrt evid8nc8 we h8¥8 Obtan￿ aThJ arvowwte to provxle a ba515 for Dur opini￿. concl￿1•r* v•lthg to golng In aLklitiro finwKisl ststom8nts. ￿ h8b* t1￿¢ Tr￿1￿ of t￿ going b￿15 of Ba58d cn the pwformod. we hm noi wJ8nlrW arry uncartavths Mlating to evonls condth.ons Ihat, iThJMJually ￿ coll8clpth. may casl svJnhl(att on fouryJab"on's ab￿ty tL) o)fttkn)￿ as a r•kn*nt ofthis rnport Oth•r Inform•lloTr The other inlormation c4mprises the Tntstees. report t)ther lh￿ financial $tatwngnts and our wditofs rwi IIw8CrfL The T￿1￿08 8T8 rgsponsknlg fiir th8 other inhirmation contsin8d within the Trusteos. rewL Our wnion on the fffiwal statements thes not omr the olher ￿lO[Mation and, exwt to èxt•nt othaN4*è OXF4￿lY ststsd Ni our roprt &) rhjt èxprèss ￿ fomi ol assurnnco c¢￿￿On IheAeon. O rnSPDnsibility to rFad tho inforrnatsjn in 50, co1￿ wlthr thB othw inlDrn1at￿n is rna￿la inconsot•nt tho fmanoal statoments or ourknty*W• in cours8 oflhe audit. or 0th8Tr*se appears to ke matwi*ty rnwlabJ. If￿ Klenbfy m*14 irwisoienL?e$ or 0￿rent malerol ￿*￿tatements. we arg requi￿# lo dgtennin thi¥ giv¥¥ w to a Mat￿¥j in th? fmoncial slatsm8nts Ihem¥kn. Ir. on the 7A* hAb• porf0M￿l. w• th* th#r• is a mtsststèmart oftrw$ oth•r inftimla￿n. r•Wr•d trj r•F#Ytthatts habp nothiry lo wrt in Ilus r•awd. Opknlon• on oth•rmatt•rn pY•xrlb•d by lh• com￿nI•l A¢t 21 In w ￿lI￿on. based on the wryk urbJ8rtth in th& ol ow a￿lit the Info￿ation ￿￿an in the TA￿leaS. yaw for 7*thith ts finantial stalements arB prepared, ￿lch inc*Jd8s tho dwth. Wprepwed pupJse5 ofojrnpary kn¥. i8 ￿￿1Sten1￿ith the fina￿alStaternents, and lh8 directors. reFKNt inthxjod rgpyt has be￿ wy•J in •¢ctyd•K•with *pkoblo1og4 uirlmèn S P LOHIA FOUNDATION INDEPENDENT AUDITORE REPORT IcopillNUED) TO THE IAEMBERS OF S P LOHIA FOUNDATION PJatt•rn whl¢h r•q￿rnd to ￿￿Ort by •x¢•pl In the Iwt of the kno*tsdge and ￿derS￿r￿j of th8 dwrilab18 comp8rty arKI ib •Nionmenl ebtsin•d h) th cwrso of have not Idgth matsrial MWtat￿￿nI5 n thè TnJsitt8' r•M li￿￿9 directors, rep)rtl. Wo have ncdhiny tD fBPOrt ollhe makn li rnIat*￿ to the Cl￿￿9¥ k* 20C6 requres us to rnp￿t rf. in our opThon adequate accow#ir8 recolds r*)t rolurr8 •J￿at¥ tr* ow awjii h#¥• not b••n r•c•iv•d frryn branches notvtsiknj by us. or thè fThnoal Statwnents *• in acerAffiry Mcon15 and rntums,. or certain dLxb)sure¥ 0ftr￿, ranktner4tson 5pear￿ by *e not made. or not rgcghpd al the ar¥J ¥xpW*)ns ltsr our or ime and tske advantage ol the sm*1 vynp8nw' &wM'ons in We￿nI¥j Tntstaes. report and th uThnent to prepare a strategic rep)rL RMpon•lbllltlM olTw•lw• AS explained more fully In th• s1818m•rt OtTr￿te•S. I•$w￿, ￿ TnJsts•% also th• direL*ys ofthe I￿ndation for Ihe wrpose of ccfflpary law. we resp￿*b9 propsra￿ of tha finarwl sla18mnts awK1 for be#)9 satr"S￿￿ that IW and fair vw. for suth wtsmal control as Iho Trust•ts d8t8m)In• is r￿ceSs￿ trj enable tme preparatb)n of fman(xal gtalwnwts Ihat are fr88 frcffl mthi•l misstat•m8nl. wh8th•r to trwj or error. In preparir¥J fjnoncior ststThnts. th? Trustqe5 we rwsi)le frx a$￿&r￿j the louThJath"on s obthty to c*)ntinue as a goirwJ cThKem. dtscbxNJ, 4$ 41pkabbè. mattors relaled to 90ry concem aTrJ usirvj go￿9 concern basks of aco)unkn"NJ kne Trustees &ther wthnd to lir•*Jale the ¢horitst49 c¥ynpany or lo csase Awlllorf• r•¥poMlblllll•ll forth•4udlt olth• lkn•ncllll •tat•m• Jr obieclilps are to obtain r•asonat48 th• finanual Sts1￿￿nIS as a whc4• ar• Ime frcm material misstakmonL whothw to fv8ud or •r￿, to issuo w 8￿JitorS report thal our op4nion. Reasonable assurance ks a hvjh lthtl of asgJranrA* t*Jt is a 9uarwrtee that ￿ •Jd* (¥￿d￿r￿￿ in accgrdanr wfilh ISAS lu￿ al*ays detecl a Matw￿l misstst￿￿* wh8n li aKi&ls. MYastst•mtnts can arisè ftom fraud or error and are csJn$Klere(I material if, W¥kn￿dVa1Y or rb tha 8ggregal8, ts)ubJ r•a￿ftabFY b• •xp•ei•d to Infiu•nc• the eMn(ffiic derysiong of u¥w¥ lakwb on Ihg I?a￿ ol Ilwe fmancial statemènts. lffegulanbes. frwd. a￿ ￿￿tan￿ ol wilh l¥ws and r8gulaliDn8. desb3n wot*dur•s in lir* our regponstJilfth"es. ¢xJVme(l atove. to tstecl matenal mwlotwngnts in rÈsFeCt of irr6gul&iities, indudlng Based ffi our underslaThJing ofthe (*wity in il opgrats% *Jantif*•J the prmtspa kn and r•gulaticffjs thal directy affecl the finan(aal statemerds lo t* Ihe ChaFilie$ Art Err¥knm8ntAct and Trust8• Act. Wè sl•leJnont In 86thth"on. th• 15 $￿'8¢t ta mary Iw4 8Th1 *tsre ¢y)nsequefi￿ of non-CDmplk?nce coulJ havg a material gffgct on omowls or (th$do¥ure$ in ts fvI￿la1 sl8lBm8nts. fL¥ InstarKe through th# Impo3￿On of fines or I￿g￿t￿. Audikng standanls IxrMI Ihè audrt Pr(￿ to Id8nbfy noK4mplK4Thx wth t￿$￿ I￿ and rtyulal*)ns to oftt* TNst••s managM￿l W•L#ion of r8wlaW and le9al C￿¥￿￿one• fftany. S P LOHIA FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE MEMBERS OF S P LOHIA FOUNDATION Aud* prorAdvre8 ￿rf(￿Yn¢d by Ihe or¥Jagoment toan wthknd." Enquwy of managprr*rt Iho¥& thary8d gDV8Thance acbJal p(rtenb"al hfgabon WKI daim4 Enquwy ofgnbty staff to ￿9nbfy any Instrns ol nonclTrnplian￿ wth laws and regula¢tyxs.' Rwv*ing minut85 01 [l￿8￿"r￿J5 o111￿ charpj RwMng finantsal st•t•m•nt dtsckisuRs aThJ lestw lo Suppo￿ dO￿￿en18t￿)n to 018958 comFli3n wthh applicabh lo￿ aTrJ Perforniiry owjit w(¥k o¥er the risk of o¥wwth of (￿tr￿¥. Ir**JirwJ te5ts"ThJ of jouff*l entnes and 0th8r ￿T0p1A*￿, 0¥*￿Il￿￿j tl* bJsw*ss rtlionah of sywlcant transacak)ns outsidè tho noThal tOLYSè ofbusinoss ar£(thtry •sb"mates for bias. B•caus• ol th• Ir*w8nt [mitai￿ rl ￿ a￿$t a n¥k th* w• TAVI not dgtg¢# 01 wrogu￿￿, indudi¥¥J those leadin9 to a material misstatsment in the finanaa s&tem8nts or noncornphar￿ with rB9ulknn. Thts ii5k increa585 th8 more that ¢￿pIlance Milh a law or wulatson B remowj Irorn th• thnts and transacbthu rnfiectod in th• financ4al statements. as b8 k55 likdy lo ￿com• ￿are ol Mistances of Mn*. trowawAlwryK forttis r¢wrt or lty th• ¢pMiw)n$ have lofmed. Al•y Y•d•v FCA. FCCA ISonlorSl#tslOry AudltLYI For and on tehatlol Be￿8]eY Finch U"mikn* StattJlwAwthx Fl 314 R•gonts Path Road Fir￿1•Y London N3 2JX 29 Sethnbgr2025 S P LOHIA FOUNDATION STATEMENT OF FINANCIALACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNr FOR THE YEAR ENDED 31 DECEI4BER ZQ24 Totsl fund# 2023 2024 2024 202J 2023 Incom• from: 750,(XK) 785240 1,535,240 scv).(W 1.610.PAJO 2.110,PJYJ Totsl I￿0￿? 750.(XXJ 785240 1.535.240 s(￿.(￿)} 1.610.eio 2,110.6( Exp•ndliuY• on: 872549 785240 1.6S7.789 413.618 I.610.￿) 2.024.218 Total •mP•n**￿l• 872,549 785.240 1.657.789 413.618 1.610,6Crf) 1024.218 N•t IncWoxp•ndiiur•) *n Mov￿•￿t In fvnd• {122,549) 1122.5491 86.382 ￿￿on¢11141￿ offvnd•'. Fund balances at 1 January 2024 358A32 358,432 2T2.050 272,050 Fund ￿l￿ne￿ *t 31 DK•rnb•f 2024 235.883 358.432 dèrivè frem continuirg ￿￿"￿ti.es. S P LOHIA FOUNDATION BALANCE SHEET AS AT 31 DECEAIBER 2024 2024 2023 Currort a¥$ets Debtors Cash al bank and in hand 3,424 .899 257,467 257.467 394.323 Cr•dltorn: amounts f4llkng du• wilhin One year 10 (21.584) 135.8911 N•t currnnt assets 235.883 356,432 The fwds of th• foundation Unres¢ridwJ fvnds 13 235.883 358.432 235.883 358,432 The financial stalemonts were apwovgj by the Trustees on 29 Sepleth 2025 Mrs Aarb. Amil Lohia Truste• Company registration number 13231493 (Ewd Wales) io- S P LOHIA FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEAIBER 2024 2023 C••h flovd from oporntlfvg *¢llvlU•• Cash labsorb•d byyw•ratod fr(xn operabons 15 (133,4fd} 150,140 N•t ￿•￿ q•n•r4&•d Irom Im•llw I¢￿¥111•* Nqi ca6h g•n•rnt•d from flninthl •dlvltbM N•i Id•cr•a••llkn¢rnu• In ¢••h ¢••h •qub¥al•• {133.4321 150.140 Cash and cash •qu￿thnts atb•J*wq of 240.759 Ca•h and ￿h•qUI¥•I￿￿ •t•nd oly• 257.467 390.899 11 S P LOHIA FOUNDATION NOTES TO THE HNANCIAL STATEMEPWJ FOR THE YEAR ENDED 31 DECEIABER 2024 A¢¢owllng poll¢l Chw*y Inforn)•tlon S P Ltthi8 Foundab"on ts a prwate wrwny hmthj by quarartO9 mg)rporak8d ￿ EngiaNJ and Wal•s. Thè i$terBd office and wnwal address i% 6th Fk#)r. 86 Jwmyn Strgrt Lorwkn. SW1Y FthlD. 1.1 Ac¢ou*lkng ¢gThv•ntk Th& finanu* gtatomonts hm be￿ prygd ￿￿￿1￿*}.S MernorarKlum * Arbd95 ol AssooaboTh. the Comwde¥ Ac* 20C6. FRS 11rd 'Th? Fmncia Rop)rtsNJ Standard in the UK an¢J RaputAic of Ir81aTra' fFRS 11Yfl and Il* Chartss SORP "Accounknng Repothg by Chairt*$.' statement of R8commnd&J Pr8cbc* w*abl8 L*•rf*s prepanng Ilw'r xcounls in 4￿rdanc• with thg F￿ban￿￿ RowtsNJ Stand*d aFykablo in UK ar¥J ol troland IFRS 1021" {effBth8 1 January 20191. loundab.on is a Pth Entity as dthd Iw FRS 101 firwncwl stat8rn8nts wtyared m s*th"ry, wlM(* c4rrency ol the I￿81￿)n. Kkngtsry poliries adopted ar8 Set out b8kxi. 12 Golng ¢1)n¢•rn At th• Iwné ol approwy IM $la1wr￿rtS. TA￿ hm p roBsonabK8 oypedation that the foundthn Ios adoquat• r•S￿arcaS cf¢rab)no1 thè ILrture. Thus the Twstees conts.nue to •Jopt th? ty)rK•m bo* ol•ti￿n￿n9 m wvpanrvj Ihe finanL?al statements. 13 Ch•rlt•bl• fund• Unr•stncl•d furth are •v**40 th5crekn of TYuste6s h) of thw"r ¢h¥itab Restntsj fiJr*Js are $L*i•ct to ycifie domrs or as to may bg uwl. Thg piwpoye5 and usos 01th• 18sirtl8d hJn¢Js ¥• sat rJJt to th? ¥latements. 1A kncorn• Incomé 1$ rècoani*J the foundthon i$1•38ty •nbtsJ to rt after any Ferfryrnance condthons havtt boon Cash flonatsons &e recognised on r8coyi other donations arè retsJgrx*J onc* tho lounda1￿ft has been notitsd of the donabon. ￿1￿$S perfDrmwTh doknal oftm amunt. IrKom• tax recoveTab In rekbon to donations rgcoh*d GiftA*J ordè•d8 ofC(h￿￿1t * rncc8n￿d al the line oftt* donation. 1.0 ENp•nfM￿r• Expenrjrture ts ￿(￿r￿Se￿ th8re is a W or obwion to trartsler economic tenefft to a third paty. rt i¥ prcèat48 that a of b•n•ffts wil b• s•ttknert and fv amount of Éxpefidrture k% da￿fied by ac*vdy. The t￿$¢5 d exh aL*￿ty are madè up of t￿ total ol dir•cl costs and sharqd C￿ts. indudry suwTr1 txsts in¥oW m u￿ert￿l￿ eath thity. Direct o)sts athbutsbl• to a single are affocatgj direth to that acb¥ity. Sha￿1 ojsts ¢>)ntributs to more than support Wh￿ ￿ Thjt allrthtsble to a a¢b¥ity we appOrb0￿ tsets￿8n th088 activblies on a b#>s ¢￿V4￿nI with of r¢¥ourc*s. Govèrnarth eosts al costs th• itself as an organtsation and ils 12- S P LOHIA FOUNDATION NOTES TO THE FINANCIAL STATEIJiENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Acco￿th￿ polcl•• (CoTrtlnu•dl 1.8 C*•h and ¢a•h •qulv*l•nlb 1.7 Fkn•netsl IMtrum•nt• The foundthon has elo(tsd to appty th• wo¥iswts of S•cl*M 11 B•sK FiDan¢ial a￿1 Sgclb)n 12 Dlhèr FM)anc81 Instwm￿s 135ues' of FRS 102 to al ofts fmwKaal inslo¥nont Financ•1 ¥Mtrumwts aT• th? f¢￿l¥j￿0n'S bkn ahèbtT*h•n th• fow#J•tim b•com•s party to FinancBI assets aT*J habi1￿$ are offset. wilh ￿OUnts presented in tho fjnancial Bt8t•ments, w￿n th•w Is a enforc4at4e to set ollts arTrxwts and thare is an in1￿knn to $6ilb8 on è net basis orto r•ahw th• ￿et aTrJ selwe the l¥kn*ty Basic finanoal 85*5. whKh fflt*Jdè d8bttrfs arnj cash bank balarths, wo In￿"4￿ mgasured al Inter8St methc•J unkn the arrarnJement ￿nStr￿ a I[￿83L*m. wthtrè thè transaehon is m•asw&J at Ihe p￿eTht wakE of the futu￿ rece* * a market rato of intornst F¥iancial ass•ts 1A1 R•llrnffl¢nt b•n•filB Incorn• frryn donatlom l•gttl•• Total fvnd• f￿dI lund• 2023 2024 2023 Donatlon$ •KI g 7SO,CfKJ 785.240 1.535.240 500,rAx) 1.610,600 2,110,61X) 13- S P LOHIA FOUNDATION NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 Exp•nthtsr• tm ¢h•rft•bl• *thltl•• Charfi*b Ch•rltAbl• Exwidllurn Exp•ndllur• 2024 2023 Dlr•¢t ¢o•ts Staff omts Travol and wbsutenc• AdTrRrb"sww and public rnbtions 78.397 1.941 &157 33.137 1.898 183.953 85.495 218.988 Granl fvn(*vJ of•th1￿$s {$•& no* 4) 1,539,958 1,769.940 Slw• of•upport *nd Eo•ts (••• S) 35,290 1,657,789 2.024.218 Analy•l• by fund Unre5trided fvTh1¥ 872.549 78S.240 413,618 1.810,eco 1,657,789 2,024.218 14- S P LOHIA FOUNDATION NOTES TO THE FINANCIAL STATEMEPUS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Gr*nts p•y*b Chwltablp Charltab Exp•ndlluro Exp•nd6tur• 2024 2023 GTants lo iThsbtutierf. The Royal Instth of In*nalvwlAffats Thè ChibJr8n's Trust Truslegs of the London cfin rinker T￿Or Vgnkalakru5hna Vrundavana Ul( L*nthl Seva GrantAbthllah Knshnamurts" FouThJ8tion TN* Lbj M•k•A.IMsh Foundalon UK VoJu8WJrkl (chan1￿ FtyJrKlalLm) kahn of Medione 31 MountSm£i South Lty*on F Thg Britssh Cour*1 10,1 8,040 10,000 96,168 12.247 S,CM)O 15.[￿0 60.C#)O 1,810,600 785,240 47.(KJO 5.939 1.514.634 1,721,2CQ Grants to irthidua15 25.324 48.740 1.539.959 1,769.940 Support co•ts allo¢•t•d to *dlvlU Charllabl• Exp•ndliu 2023 32,336 35290 2024 2023 Auth"t h•s Legal ar*J profwbThl 8,400 24,096 240 14.212 812 770 8.702 othèrcosts 2,150 32,338 35.290 S P LOHIA FOUNDATION NOTES TO THE FINANCIAL STATEIIENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2024 N•t m0￿mOnt In fwKI• 2024 2023 The ￿tMo?￿rn￿nI m fimds ￿ 5tat•J L*•rW(cA*tThJl.' p•yrt4• to tr• chantys •￿. - for th8 audit ofthts chantys fThnfJal siatthw 8,400 240 612 of thè TNst•ès lor any persrrn connethj Ilwl rec￿￿4 any or b8n8fts from thè foUr￿ti0Th thffiro tho year. None ol the Tryst￿¥ lor any p815￿& with rnC*AwJ any rehtsursed expenses from th8 fouTrJation Il* yoor. Employ••• 2024 2023 Numb•r EmpW•nt ¢o•ts 2023 s arrtj $￿ari•S Social seuwiiy costs Olhgr costs 69428 7,W1 33.137 7&397 33.137 3 lollty¥s." 2024 Nwnb•r 2023 Numb•r R•mun•rntlon of k•y m•n•q•m•nl p•v•onn•l 2D24 2023 89,428 S P LOHIA FOUNDATION NOTES TO THE FINANCIAL STATEIAEKfs (CONTINUED) FOR ThIE YEAR ENDED 31 DECEA18ER 2024 O•btorn 2024 2023 Amounts f•lllng du• *lll*n on• y•*r. Olhgr delknrs 414 3.010 3,424 10 Cr•dIt￿, amoun1• f•lllng du• on• y••r 2023 OU)er 18xab.on swal gecuiity Twade ¢xedrtors Grants payablo Accruals and dtsfwr•J Inc(Yn8 3.U25 10.578 15.6( 11.885 7.981 21,584 3S,891 11 R•tlr•m•nt b•n•fflt •Cl￿N 2024 2023 lh• seh•m• ar• Mid sepwatdy those an i*nd&)ty •knIn￿￿ fvThl. 12 R••tsl¢tsd fvnd• At 1 J•nu•ry InE¢MThln• R••OuY￿* At31 •x￿￿•d D￿•rnI￿r 2024 kahn Sthool ofM8dKTh at pl￿nt &Mi 785.240 (785,2401 Pr•vloui y•4r, At1knry lTrcomlng R••ouv¢ At31 21123 •¥p•nd•d D•cwnbor 2023 l¢ahn S¢￿)01 of Medicin at Mount &"nai 1.610.600 (1.610.6c￿jl 17- S P LOHIA FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUEDI FOR THE YEAR ENDED 31 DECEIIBER 2024 12 R••trfd•d lun IContlnu•dl The was made tr Ihe •iJbtr Of d'n￿[ Insllut• C•)ngtsb"ftg of ¥C￿nts￿c guideth.nès Into IheTpract 13 unr8Strio*od fvnd5 oflh8 dwity c(¥wise th6 ￿￿X￿￿ded tjaI*)￿ ofdonatiom w8nts t*thkh are not ￿t4￿CtIO sF4ufic eonth.bons by aThl grant(Ks as to hyw they may be u￿. 2024 •Xpend￿ DK•mb•r 2024 General fwK15 3A432 750.CMYJ {872,5491 235,883 At1 Jafflu•ry kKomlny R￿our¢ At31 •xp•nd•d D•¢•mb•r 2023 G￿eTaI 271LW 5W,COJ 1413,6181 358.432 14 R￿at•d party ￿n￿ello￿ 16 I#￿0￿0•d byVq*i•rnt•d from op•r4110 2024 2023 (Wcl¢ywr￿9 forth?￿Or {12ZS491 Ilov•m￿ts In TNMIINJ ￿P1￿1. 3,424 {14,3071 43,097 20,661 Ca•h 1*b￿thd byllg•n•rntsd from op•r•llon• 1133,432) 150.140 11 Anaty•l• of¢h•nw In n•tfiThl• Th tr￿dati￿ had no m*rwl detrtthwrytt* yw. 18-