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2023-03-01-accounts

Trustees’ Annual Report for the period From 02/03/2022 To 01/03/2023

Charity name: The Roysia Foundation

Charity registration number: 1197438

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 (i) to advance for the public benefit the
education of children and young
people (particularly, but not limited to those
within the North of
England) in such ways as the trustees think
fit, including but not limited
to: - making facilities and services available
to primary and secondary
schools - the promotion of e learning,
through the training of children
and young people, teachers and other
associated staff in the use of
information and communication technologies
- the development of
digital educational content for use on
computers - providing computers
and associated equipment for the provision
of education;
(ii) provide for the education of children and
young people by providing
facilities and services to them, with the
particular aim of helping
students gain places at universities, colleges
and institutions of higher
education focusing on STEM (Science,
Technology, Engineering,
Maths) opportunities; and
(iii) provide financial assistance to any
school or charitable organisation
having charitable objects directed to
educating or improving the
education and condition of life of children
and young people
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the		 Para 1.17 and
1.19		 The Foundation has established a significant
number of funding streams with major UK
partners. The core concept is to provide
funding to disadvantaged students
activities, projects or services embarking in STEM-based education to
identified in the accounts. improve their chances of success and
broaden representation within the STEM
professional community. To this end we
“piggyback” on existing schemes which
removes many financial overheads meaning
the money we provide goes directly to those
who need it. In 2022 we established
programmes with 7 major universities across
the UK to provide funding in the form of
bursaries and scholarships. We also funded
the Science Museum Group and the Princes
Trust on specific activities to promote STEM
to the underrepresented groups. More
information on the individual universities and
programmes can be found on our website,
http://roysia.foundation.
Statement confirming Para 1.18 The trustees confirm that they have referred
whether the trustees have to the guidance contained in the Charity
had regard to the guidance Commission’s general guidance on public
issued by the Charity benefit when reviewing the Trust’s aims and
Commission on public objectives and in planning future activities
benefit and setting the grant making policy for the
year.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity ended the reporting period with
cash balances of approximately £64,000
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 All funds held in the charity are unrestricted
funds and the policy is to maintain sufficient
reserves to meet the operating needs of the
charity and to provide grants to fulfil the
charitable aims for which it was constituted.
Amount of reserves held Para 1.22 £63,943
Reasons for holding zero
reserves		 Para 1.22 Not applicable
Details of fund materially in
deficit		 Para 1.24 No funds are in deficit.
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 The charity is well funded to pursue its
charitable purpose and there is no
uncertainty about its ability to continue as a
going concern.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 The charity is constituted as a charitable
trust under a deed dated 8th January 2021
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 A trustee may be appointed or discharged by
a resolution of a meeting of the Trustees,
provided that a memorandum declaring such
appointment or discharge shall be signed as
a deed, either at the meeting by the person
presiding or in some other manner directed
by the meeting and attested by two other
persons present at the meeting.

Reference and Administrative details

Charity name The Roysia Foundation
Other name the charity uses Roysia Foundation
Registered charity number 1197438

Charity’s principal address		 The Roysia Foundation
INTERNATIONAL HOUSE
64 NILE STREET
London
N1 7SR

Names of the charity trustees who manage the charity

1
2
3		 Trustee name Office (if any) Dates acted if not for whole
year
Dr Lee Harland
Dr Anna Gaulton
Rev David
Chadwick		 27/06/22 - 01/03/23

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Lee Harland Lee Harland (Apr 4, 2024 10:14 GMT+1)

Full name(s) Lee Harland Position (eg Secretary, Trustee Chair, etc) Date 31/03/2024

Spreadsheet version of CC16a

The Roysia Foundation
Charity Name		 The Roysia Foundation
Charity Name		 The Roysia Foundation
Charity Name		 The Roysia Foundation
Charity Name		 The Roysia Foundation
Charity Name		 1197438
No (if any)		 1197438
No (if any)		 1197438
No (if any)		 CC16a
For the period fr 02/03/2022
o
Period start date		 To 01/03/2023
Period end date
Section A Receipts and payments
A1 Receipts Restricted funds
Unrestricted fund
to the nearest £
to the nearest £		 Total funds
Endowment funds
to the nearest £
to the nearest £		 Last year
to the nearest £
Donations, legacies and grants £206,250 - - - -
Dividends on investments £821 - - - -
Compensation £200 - - - -
Interest on deposit account £194 - - - -
- - - -
- - - -
- - - -
Sub total(Gross income for AR) £207,465 - - - -
Receipts from sale of investments £20,484 - - -
- - - -
A3 Payments
Sub total
Total receipts		 £20,484 - - - -
£227,948 - - - -
Grants and donations paid £42,500 - - - -
Professional Fees £5,238 - - - -
Loss on sale of investments £4,973 - - - -
Subscriptions £694 - - - -
Telephone, internet £79 - - - -
- - - -
- - - -
- - - -
- - - -
Sub total £53,484 - - - -
Purchase of investments £110,522 - - -
- - -
A5 Transfers between funds
A6 Cash funds last year end
Sub total
Total payments
Net of receipts/(payments)
Cash funds this year end		 £110,522 - - - -
£164,006 - - - -
£63,943 - - - -
- - - - -
- - - - -
£63,799 - - - -
Section B Statement of assets and liabilities at the end of the period
Categories
B1 Cash funds		 Bank Current Account
Investment Capital Account
Investment Income Account
Details		 Restricted funds
Unrestricted funds
to nearest £
to nearest £
£58,261.83
-
£4,549.27
-
£987.78
-		 Endowment fu
to nearest £		 nds
Bank Current Account £58,261.83 -
Investment Capital Account £4,549.27 -
Investment Income Account £987.78 -
Total cash funds
(agree balances with receipts and payments ac		 £63,798.88 -
OK
Restricted funds
Unrestricted funds		 Endowment funds
Section B Statement of assets and liabilities at the end of the Section B Statement of assets and liabilities at the end of the Section B Statement of assets and liabilities at the end of the Section B Statement of assets and liabilities at the end of the Section B Statement of assets and liabilities at the end of the period
Categories Details Restricted funds
Unrestricted funds		 Endowment funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Bank Current Account £58,261.83 - -
Investment Capital Account £4,549.27 - -
Investment Income Account £987.78 - -
Total cash funds £63,798.88 - -
(agree balances with receipts and payments ac OK OK OK
Restricted funds
Unrestricted funds		 Endowment funds
B2 Other monetary assets
B3 Investment assets
B5 Liabilities
B4 Assets retained for the chari
Signed by one or two trustees on behalf
of all the trustees
 Details to nearest £ to nearest £ to nearest £
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Current value (optional)
£85,558.00
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Current value (optional)
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When due (optional)
Date of approval
- - -
- - -
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Current value (op
£85,558.00
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Current value (op
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When due (optio
Date of approv
Lee Harland
Lee Harland (Apr 4, 2024 10:14 GMT+1)
Lee Harland		 04/04/2024

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name THE ROYSIA FOUNDATION members of On accounts for the year 1[st] March 2023 Charity no 1197438 ended (if any) Set out on pages 1-2 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 1[st] March 2023. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 4[th] April 2024

Signed: Name: RUPERT NICHOLAS CHARLES MATTHEWS FCA CTA ATT Relevant professional Fellow of Institute of Chartered Accountants in England & Wales qualification(s) or body (if any): Address: Fourways Chartered Accountants,1a Melbourn St, Royston, Herts, SG8 7BP

1

Oct 2018

IER