## **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 £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value (optional)**
**£85,558.00**
**-**
**-**
**-**
**-**
**Current value (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due (optional)**
Date of approval|
|---|---|---|---|---|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||**-**|**-**|**-**|
|||||**Current value (op**|
|||||**£85,558.00**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**Current value (op**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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**