CHARrrY RFLisrn4Tiof4 NUMJER• 1197936 The Chris BaDton Foundatlon Financial Statements 31 March 2024 Chartered accountants & staiutory auditor Rawdon House Rawdon Terr￿e Ashby de la ￿uch L£icestershire LE65 2GN The Chriq Bantsm F(Mmdatlon FlnanclAI SIAtenxnts Year onded 31 March 2•24 IndeFtht audi¢orfs le￿rt ￿ the n%mi*rs Statement of financial activiti of fin￿¢111 tA>Sition Swtement of cash fk)ws io N(ttS tothe financial statemMts li The Chris Banton Foundatlon Ye8r epded 31 Much 2024 tl* )*K¢Trled 31 M￿7 2(Q4. rk+ Bloorlnv¢thMNts Limlttd M¢3%ham STWOdlira*t DE12 7JP John Siuu¢ BI￿r NiCkSin￿rt BknT Cork JohTMon & Hwyt Ashby d¢ IR Zth Ixjww5hire LEh5 2GN The chvity wu r4lAaryl x • CIO on 16 F¢t*uKy ￿22. It w&8 uwblithd by ￿Y of th¢ ￿￿1¢1 C(Mutitsrtion dawl16 F¢ivwy 3)22 and fowthlby JLth Bloor. thtte tsu%*¢L 7YK firni alf ￿11¢kd to I￿1 offiv ￿11 Iky we •bxe without I*¢obrt ￿}￿AllY Lr nmtsjly itwabl& ar¢ diSq￿lificd from aains av A ITu*e c* •1¢ from offlce by rw)Iwion of Founthr. Tr cto will SI￿ to th¢ CknrityConuniMiM advice traini￿ aml rmIu￿￿ of InMI Ihlkny to day ￿￿•V￿Orth¢¢I￿1ty I$￿￿1Cd ryttby the finowttsff ofBbr Inb%5t>T*rtq LiMite4L Tr Chrts Banton FoundAllon Y¢ar eaded 31 Morch 2024 Tr obp¢ts Lrf tr FOUn&ti￿ Fay tt Awly ¢hpithl incon* w or knwyds OT for the i￿1 or iiw in mam*r in S￿h 8# tl% eh8Tity trusteu miy from IlW* to time dettrniK. 1ktse 8 for benrfrt of the publi¢ iNlydlDM• limiwd ￿ ihe 5UPPrt ft* A￿1£41 rele￿kn. clwer Thi Fouthti(XL wpp)rt•J thiiies in Ilne with their obi*i¥¢s dw?ng th¢ Frifylof I￿OuTrL Thi* irtludrs supp)rt for Kvttal &Dall¢r IC<￿ eFAriliU in and aTouThI th¢ l￿M￿N￿li1¢S WI￿ Bh)ty In*su A finwKin8 fa¢illty of £50m Ix¢n w*Med knr8e biomedi￿1 in<U￿ 11 range of Ilf¢dwittgillneJse& will crntitbut inw thi folltswinB >tar. Id to gti5fy fwxlln8 ipplle•ior4 wthicll th¢ ¢N*ider obieeri¥eJ of the Cbwity. JI March X)24 unre*icNI Tw¢r¥¢s of £4313Jl31 held. Tr h•* oriul oui Ift overnll risk &s¥¢sm%rt to ithlify ts risks with therTN¥riim of i trurtuJ • Mde r•1 of ¢hriiiul)tyh kx•lly Md nadornlty. applicabk knv And Unit¢d A￿untIng (Uni*d C¢MTally Ac and dis¢10se with m%onable accuraey ai any time ihe finan¢ial FK)SLILOn of Ihe Charity a￿1 ettable them ¢0 en%urt th￿ the financial SEatemcnt% comply wilh ihe Chariiie% Aci 2011, ih¢ app[￿¥bEe Chariiie% (Accottnts and Report%) Re8ulaiions. Ihc provi$ion5 of the Tru%1 D¢ed. They arc also ￿SPOnSIble for safeguthling the &sseLS of the charity and hence for riiking reasoDuble Sieps for t￿ pr¢veniion and detec11￿ of fra￿ and thher irregujiiriues. Tr tnJsttt¥' otmual r¢port approved on 17 seP￿Mbtt 2￿24 iLrtd sigoed on beh￿[Of the of iws*¢g by: Dinesbkumar l. K. Mehia Truste¢ The Clwls BantOD Foundatlon Yw ewJ¢d 31 MAreh 2 We thB finwid of lThe C1rri5 Ban1￿ Found￿1(￿ (the 'ehNflty) foT the yeor ¢rthl 31 MAYch 2024 whith conyls¢ th ￿lI¢M￿￿ of fin￿111 wivlii* of finaLKilll stsliion. st8ternerf of calh flo￿ ltd ik l¢la￿j i1￿l￿di￿ & yjmmary o15isnifitOW p)licles. Tr r¢wling frau*th that h•s been applied irt trir pyeparatkn 51 applicabk knw aMi United Atuiunlifjg FRS 1ry2 The Fln•rKiLI RePty￿nI Swthrd appli¢•bk in the UK apd Rryblie of Al￿ • gMI f#Tr of the of the ckniws •% at 31 Matth ￿ aNI Df its inC(¥ni118 re¥Jurw*MI ylluikw oftr¥•rn iwlud1￿its Inwme a[deX￿Nji￿ye. kn the Jttr eTrJ¢d; t w prepred IA with thi fviulr¢mDts ofth¢ ClwiueAAd 2011. We ¢Oldu¢￿ ￿ll io ￿0[dI￿ with Ini¢rnatiortal sta￿ on Auditittg (UK) (ISAI IUK)) aThl ¥plicAblt l•w. Ojr rtswxwbiliiie5 Under $thndgrds aY¢ tkndler ￿￿1b¢d ITh th¢ rewwibili fw the aud1¢ of lh¢ finaNi41 s￿1?￿ of ow rel￿tt. We are of the ¢hwity in tAryth the ethical tequiTeThthts that Are rekvanl ¢0 ow ll￿111 of the finunci￿ ID th UK inrltNTrn8 The FRC'S &hkal ANI h&v¢ fulfilko our othu ethicd ff4¥xslbilili¢¥ kn with tl Iwiiren￿￿ We i*liev¢ the evide￿% w¢ hAv¢ ¥kninEd T• to • In 2￿j1[ln$ th¢ flnAnclsl 5tht¢nKnts. kn9￿ w*lwlcd it￿1 the of the b￿1% of ¢uxlitsOthS thaL iTKh"viilU￿Iy or collecdw¢ly. may doth on the dwitls ability to con11n￿ for aPryYL)Jof 81 le#1 twth mDnth% fyom finw￿l81 forisA Ow wibilittes aTrl fuFth%1knlit￿ ￿ tkn •ryth 80in8 ¢uK¢m *¢ dexribed in tt fekvont ￿lOr* of this rei The Chris Banton FouDdatloD bidepend¢nt AudltotrB Report to the MembeTh rfThe Chrkn Foundth(•thrf Year ended 31 Martb 2024 Tr ottr*r Infornm￿ the iTlfmi￿1rffi In * attnU￿ ￿thEn the finwKial 4nd awlitor's d*t¢on. Tr lnL1￿ Irr Lrspon%ibl¢ thr other infonNlkm. opits1￿ thè ￿ver ihe ￿her ipforsNiWI ￿ e%¢¢pl to •xtew¢ ¢xpllciily A*¢d In with ¢)w awlii wrwK)MÉbllity li to thrinrotiM￿ in th)ing w, ¢￿ider whe11￿ the (ts infrynxlion is n*ri8lly with fiTrwial siaien*nts or LX knowledg¢ cthained in th¢ avdit or 0￿￿15¢ ¥PW to tr Thtuidly If identify nMtui•l mis518te￿n¢ inthe Iln*%i•l or A tnawial MI￿181¢n￿L of the If. bued wNk WE have th¢w ii a mi#w¢m¢rd of ￿h¢r inf(miiuk we rtquiftd to that fKL We h•Trt nothi￿￿•T¢￿tt ittthis ffBard. In the lighi of the kmkd8¢ a￿1 of the ¢lArity aTO hs Its thp of ¢ •tyJil. h•ve jdÈrtifi¢d m*trTiAI wls3t#WDEnrs in rep We In r¢6p* of folltywinB n•tterJ in rtladon to ¥A￿kn th?Cbarid¢* Act 2011 Tequi toyou if. In ow opinion: the ipftyn*￿ in the reF￿ 1$ incoTMi¥t¢n¢ in Jny ￿￿￿)&1 Yupeet with ihe tlrthwial * Dot the Infrniion ATr1 t%￿a￿￿ reqyiT¢ forw audiL A8 expl8iNd fully in Iru¥ttty' wsibiliiies stAf¢M￿t. the ￿&t#S for the ￿eparat of the fin￿111 frjr satisficd il*y 8tVe • tnx aThl f•ir view, •Thl for su¢h inWD•I crniml as tl* ws*¢s ddermine is sxcewry w c￿b￿ ts p•ion of fin￿181 free fr￿ mttritil IN preprini finw*id swteDxntK the we rt4Jon%lble for th¢ chwi￿8 thiKty io CLMiiNDe 80in8 discloAln8. 4s applthl4 m&iw5 relwed io 8oiTh8¢otyxrn aTKI wing ihE ￿1￿¥ l*￿ern b￿1% of Pale 6 The Chrls Banton Foundation Independent Audltor's Report to the Member5 of The Chrls BantOD Foundation Ye¥r ended 31 March 2024 Audltfjr's responstblliues for the •udlt of the fin8neld st4ttlWDts Our obieciÉves #re io 0￿￿1￿ reosonable )%%uranc¢ about whdher the finarteial s(at¢menls' ds a wllok are free from eridl Mi%S￿leMent. whether due 10 fraud or crror. and 10 INS￿ an wditor'5 rew thdl inclvd&% our opinion. Rejsonable a¥8UTance is a high level of a%suTunce, bui is #oi a guarlln*e ¢hai • audil conduci¢d in dccordance wilh ISA% IUKI will alway% detect o mllkrial Miss￿*ment when li txists. Mi&siatemeDt$ can arise from fraud OT error atld #re ¢onsideTed mtsieriul if. individually or in the aggT¢8ate, they Could rwonably bc expecT¢d to iDfluertt the ecwomic decisiMs of uy£rs tokcn on the b4si& of the￿ financial sta*n￿nI4. ITTegulariii¢% irtludin8 fraud, are instances of pon40mpliance with ltsws and regulaiipn&. We design pr¢¢edurex in line wilh our reswn5ibililL&$. QUtlin¢d above. 10 deictt mdwriaj missthtrnynts in r¢spe¢i of irreguborities. including frau(L The extent io which our prrttdurt% Bre rapable of dcl¢Cting iff¢8ularitie$. irK1￿Ing fr4ud h de¢ailed below.. We id¢niified are4s of law¥ regulaiioD% I￿1 ¢ould reEL%on&bly E¢ ¢xpKt&J ro h￿¢ a mo*ri41 effed OTh the financial %EatenEfkt% ihrough di%¢us¥ion with the Tru%iees and other Managen￿l, requirtd by wditifjg SWKt2rth. W¢ had regard to ltsw& and re8ulai*otLS in areus ihai direcily affeci financial I￿l￿ding financial reporting and iaxalion legisluiion. We eonsidered the ¢xtrn( of complia￿e wilh thu￿ laws ab regul&iions as part of OUT pmcedur&% on ihe ]Ylaied fithaneial ￿l￿¢MCn(s. With ¢XttVion of any known or poxsibk non-complian¢e. ond a¥ ￿quired by audLltn8 %illndarth. our WOTk io respect of these WJS limit¢d 10 cwuiry of the TTlbsiee¥. We ¢ommuDicaied identified law.% and regulaiionx Ihrybughout our tearn Ond Ytmained al¢rt to any indicatio￿% of non-compliance Ihroughuji the audii. We addre*sed Ihe risk of fraud through managemctht override of control& by i￿t￿8 ihe appropriaknE>S of journal enirit% other adjusiments. JSS¢5sing whc¢heT ihe jud8em¢nis made in makiD8 ac¢ounling estima￿￿ are indicaiivc of a potential blu5. llnd cvaluuiing urky sisnifiLopt Ihai are or outsid¢ ihc normal eDvrse of bu%ioe%s. % pan of an audit in amrdance wilh ISAS. IUKI. we excTcise prof&%liional judBTncni and Tllairtain professional 5ttPticism throu8houi thc audit. We al%o'. Idenrify a%¥x%s Ihc ri%k% of m)￿rill mis%i&tement of the finonc>ul statcmenLs. wheiher due to fraud or effor. th%ign and perform audil prwedure% Te%wn.4ive io iho%c ri%k%. Jnd otsain audil ¢VLdeD¢e that is $uffici¢Ai aTrd appropriait to provide a b2%1% for our OPiDion. The risk of TLOI detsciing & wicri41 misswtemtni resuliin8 from i¥ higher th￿rt for one r¢&uliing from cm)r. &4 fraud may involve collubion, forgery. inte￿Ilot￿l omiiiions. mi%tepr¢seniation>, OT the ov¢ffide of El)￿M8] control. Obiain an undeThwNJirt8 of irtierndl conirol rekydnt to the aydit ID order io dtSiBn audit procedures Ihai •r¢ appropriaic in CiTCUn8tonc¢$. but t)oi for ihe purpo¥¢ of expressing an opinion on th¢ ¢ffectivcnes5 of Ik In￿m￿l control. Evaluaic the appropriAwneb% of ￿tO￿nI*￿8 policies #tld ihe ffasonablen&%s of xcourtLIII8 esiin>ale% nd rtlated di%tlo8ure¥ made by ITU51ee%. CorKlude on ihe apPropri#teK￿s of ihÈ iN5te¢h' of the goin$ con¢ern bi%is of &ecounyTr8 and. based oft tlte aud)i ¢videY￿e obknined, whether u material un¢¢nainiy exi%ls related io events or condiiions thtti may c&41 significant doubt on the chllriiy'b dbiliiy ￿ COniiDue 8oing wncern. If wt ronclude ihdt a Jllaierial unttrtainiy exi¥lS, we are rcqyirtd io draw Jiienlion in Our auditor's report io the T¢l2ieAt ds5cj0%ure￿ in Ihc rinancial siaT¢menu% or. if such disclTh%u￿s ate tnade4uule. io modify our opinton. Our conclusiony are based on th¢ audii cviden¢e obtained up (o ihe dare of our audiior's terrtirt. However, fuiure evefti% or ¢ortdi¢ion% may cause the charity w eea¥c to continue a gOiD8con¢crn. The Chr18 Banton FoundatloD BV￿ll* tr ovwll %uv¢wr¢ aThJ ¢ODtent of the finwKi•l th And ￿ether the finar¢iil sthwments the unthrlyin¥ tr8Na¢W qnd events ID a iimiD8 of audii •NI si8nifkrant wdlt fiAdiD8s. lttlwlin8 d¢fiLionw IN iffitern￿ i%Ntsol tdemify duri￿￿•￿IlL U•e fjf •UT V•POrt This W li ft*le *ilely to th¢ a tdy. in vpilh srztion 144 of tk Clwilie Ad 2011 ond R8ul*ioN mtde under 134 of Aa. Ow work undNtkn ¢xher To th ￿lie￿ exterf r*mit¢td by law. do or ouume T¢wwl)l]ity to thRn (l* chariiy the charitys me1th￿ 96 • iwAly. fw ow audii this TepYL or for opiniw* A W Siini IfA (Senior &￿UlOry Auditor) For and on behalf of JohD%on Murkeii & Hurhl Chanered a￿oUn￿tIl¥ & ¥¢QiUiOry audiLOF R&wdon House Rawdon TerNc¢ Ashby de la Zouch L£icesiershire LE65 2GN 17 September 2024 Tbe ChrSs Banton Foundation sthtenKnt of ￿nancIal Aclivlties Year tnded 31 March 2024 l*ri(x] to 31 March 2023 Year to3A M*r¢h 211 UnT¢51rithed fund% Totsl runts T¢)tal furtds Noit Incon* and en&)wAMts Dot)SitoThs and legxies 26.107.C4J) 26,iirimo 26.107.0(X) s107,￿*1 7,703.(XKI Total Ineon 7.705.( EX￿￿11¢￿t Expenditu￿ i)n charitabl¢ 4e(iviiie¥ Totsl ¢￿￿•dIl￿re sffi 22.278.465 22278,465 22.27&465 22378A65 7.220JfrI 7.22LIJ04 Nel inL*)Tr¢ Det moven*Tri In f￿1 3,828,535 3828135 484.496 Re£oncillath)n of furtd Tthal fun¢L% brought fO￿aT[l HI fvnds earried forw4Td 484.496 4.313,031 4313131 484.496 The sta*m¢ni of financial activities Incl￿￿￿ 811 gThins and r¢co8ni¥¢d in ihe ye4r. All Jnd ¢xpeuliiure ¢kriv¢ from ¢anÉinuing xiivitL&S. The Chris Banton Foundation Statement of w1na￿la1 Position 31 Marth 2024 2•2 2023 Pfogr4mme rel•td inve%lm¢nt 12 4J15381 351h Current Awets Debior Cash ai bAnk and in hand 13 4oww) 870 135.8( 135.81K* Cyedllors: ￿•hIn 0￿yeAr Nel ¢urrtDt IlalJlM¢i¢5 Tfjt￿ le36 wrrent I1&b￿lI1 14 8M+3.12• (2,2511) 4J13,031 4Jl3031 132.806 484.496 484.496 Fund5 of tht ¢haTi¢y UnreAiiaed funds Trt•l rharfty Iwbds finapcial We￿ appro￿ by th¢ board of inL%W #nd autllorised for is%ue on 17 Sewcmber 2024. and are ¥i8ned on khulf ot the i¥wd by.. 484.496 4JJI031 4J13031 Is 484,496 DinethkuTnor l. K. MehtA TnI%￿e P•y i• The Chrls Banton Found&doD state￿￿1 ofcath no Ye4r endul 31 March 2024 2024 2023 3￿8￿35 484. Adiusimenisfow." B￿k£I￿r 504 120 3,829￿18 488,(KKI (863) 1504) 487.496 ithteY¢st I351.6￿) {351.fi9U) (1963Wi} Nd uw•l irt Inwiin8￿1vl 1134,9361 IJSJ06 135.81 135.8( The Chris Banton Foundation Notes to the Flnancial Ststem¢nts Year ended 31 March 2024 Gener*1 Infornmtknn Thc Chri% Baniott Fouthlaiion is a public beoefiL entily ihal 1$ COtLgiiiu¢ed as & regis￿red charitable incorpordid orgoni5aii(￿ ICIOI ifi England and Wales. addTc55 of ihe prin¢ipal offJc¢ i& clo Bloor lrtv&%imen15 Limited. Ashby Road. Meashdm. Swadlittcote. DE12 JP. The awourtts for the prior perioJ exceed 12 FMllth$ as the CIO was incorpornied on 16 Fcbnkary 2022 Jnd its fjist a¢¢ounting period wa% the dale from inwrwraiion 10 31 Ma￿h 2023. Ststemeni ￿ thmplS•nte Tr%¢ fiaaneial %tH￿r[Wits have be¢n Prepared in compliance wilh FRS 102. Tr Finan¢ial Reportin Standard #ppli¢ible in UK arKi ¢he Republic of Irel&nd'. Ihe Siaiemeni of RecOTnMe￿td Practirt pplicable to chariti￿ preparing Their dcttsunib lrt uccord4Dce wirh the Finat*cial Reportiog Standllrd applicable in ihe UK and Republic of Ireland IPRS 1021 ICharaiiEs SORP IFRS 10211 afid ihe Chariiies Aci 2011. Acwuntiry yolldE5 B*sls of pre￿￿tiO rinanci¥l siaiemenl% have been prep￿￿ on ihe hi¥iorical b&¥i%. as nKKiified by the revaluaiion of certain financiol ayKis and liabililie% and ifivesim¢ni propertieh me4suKd at fair value ihrough incow* or expenditu￿. The financiul &i&LemeDTS are prepared in s￿rlIng. which is the fvrKIioDal currcn¢y of the ¢niily. Going eoThcern Thew are no material ￿￿ertaInli¢S aboui ihe charity's ability to continue. JudgementyaDd key sour£¢s of esllmdthll uncertalnly Thc PT¢puration of the finanr5al stuiemenis requires Tnanagernertl to make jud8cmenib. estimates and *%sumpiion% ihai affe¢1 the amounts reported. These e%iim&ies and judgements are Conlin￿llY miewed arKi are b&sed on experience arld oibEr faciors. In¢l￿j15)g exrrtta(Io￿ of fuiule evenLS ihai belitvcd rea50nabl¢ under the ¢ircumsiances. Fund acL*untln UnTEsiricied fynds are llvailabie for u%e ai the dI￿¥￿10n of ihe I￿51te$ to furth¢r any of the chariiy% All incottx is included In the SULierneni of find￿19[ adiviiie5 th eniiilemeni ha5 p&ssed 10 cbartty. trt is probdble ihat the ccowmic benefi1% *￿￿clated wilh ihe irnNsae¢ion will fiow 10 the charily and ihe amoum be relsably mcasured. The followirvg %p2csfic p)licieii xr¢ applied io ￿rtie￿I￿r ca*gorics of iDrome from do￿140091 or Brants 1% recogni%ed when there 1% cvidence of ¢vlitlem¢nl 10 th¢ gift. receipt i probablc its llmouN con be me*%ured ieliJbly. P4e 12 The Chri5 Banton Foundation Notes to the F5nancial Sla¢ements Year ended 31 Marth 2024 AceounilpK w)ikks (¢Drtrl#¥c4 Resourees expertded Expendiiure 1$ re¢o8ni¥ed aCc￿lS liat)iliiy És inLxJrred. Expendilure Ineludcs any VAT which ¢anrnt ￿ fully recovered. and a& ¢l&ssified Under heodin8s of the S￿Leme￿I of fitWnCi￿ aciiviiies to which il relute¥'. eXpe￿IllUre on Nisin8 fonds in¢lude% the ¢o¥¢S of all fundrai51rt8 actiYiti&%. evenr5. nonts churitsbl¢ aim5 for Ihe benEfii of ils benefJ¢i*rie5, InCI￿lIn8 thos¢ support Costs and Telxljn8 10 the govcmancc of the ch4rity aptxlrtioned io chdritable *iiviti¢x. other exp¢Niirure includes all expEndi¢ure neiiher re14Lted to rdising fuDd¥' for the charity rtOT ptyrt of 11$ ¢xpcThJiture on charitable activiiies. All cow are allocaied 10 expcndiiu¥e caie8ori&% reflcciing the use of ihe resource. DiTect cnqts aityibutable to a sirigle aciiviiy arc a1lttll￿d diTec¢ly io Iltol aciivily. Shared ¢WL% are llpportioncd bdwcen the acuvi(ie% Ihey contribute io on a rtasonilble, ju%¢ifiable and consis￿￿1 bxsix. Prngramme rel*t¢d Investrnents Progrnmrne r¢laLed invesfmeni$ are made exclusi¥¢ly io further thc chariiy's aim5 by fundit>8 %pecific acliviLie5. Where a loan is myde and it Is ¢ither inicresl frrt or ai a below wevailLtI8 tnarkei rnte. thi5 1 TeferFed 10 88 a con¢¢55ionary loan. The FoundaiiDrt h&s el¢cicd to sniii311y nrasulc rh¢ loan ai the amouTri paid and then odjuswd in Subsequent yt4rs io tefleci repaymeni¥ and any impoirnwm. Progrumme r¢luted inveslW*IIL% that are meisured di L05k or Jmonifcd co4t are &%lie%5ed for obje¢iive evid¢n¢e of impuirn*n( ai th¢ end of e￿h rew)rtirtg ptriod. Any irtyairn*ni ioK%es are recognihed imn*di•iely us a co%t wiihin'expendiiure on chariiuble rfiiYi¢i¢&' tn the sta¢en*ni of fihthnciaj aetiviiyes. FinaKial Imtrnthents A firtancial asset or a financial liabiliiy s5 rccognised only when thc enliiy become% o PALly 10 ihe ¢oniraeitsal PTovi¥ions of ihe tnsirumenl. Hu5ic fjnancijl snsirutr¢ni% llre iniiially reeognisryt lil tht amoun[ receivable or paydble i￿l￿din8 Olly relai¢d 1¥an￿¢ll￿rt co¥i$. unle$$ The arrun8emenl con%lltute% a financing IrarLNacijort. where 11 l¥ Te¢O8nised at iht pre*ni value of the fuwre ￿yMentS discOun￿d at a m￿k¢1 ratc of interest for a sirnil#i debi insirumeni. unre5lri¢￿d T￿•1 un￿￿￿¢(ed Tothl FuTh15 Fuod% Funds 2023 Don8tkn DoDaiior 26,1()7.(￿ 26,107,W) 7.705,(K() 7,705.(KKJ PwJ3 The Chris Banton Foundation Notes to the MD4ncyal S￿ten￿nts(￿￿AW￿j Year ended 31 March 2024 EX￿re OD th*rlthbl¢ Adlvitl¢s by type Unr¢striLx¢d Tolal Funds UDrNirided Toui Fund¥ 2024 Funds 2023 7.214,IMM) 7.214XItKI 6.504 Donatsons Support co¥ts 22.274,482 22374482 3.983 22.278.465 2237&465 7.220JiM 7.220.504 Expewllture M .¢ 150.( 21x14482 24274082 7.214.C 7.214.¢XX) Totsl grllnLS Audltors Period to 31 March 2023 Yegrto JI Ma￿kn 2024 Fee¥ pay&ble for lh¢ a￿111 of ihe fLn#nciul xtaiemen 3.120 111. Sl•ff The Fourtdaiion does noi employ any %taff aThl ikrefott nDI inctsrrtd QDyemploymeni cost%. li. Tr￿ reuKwera¢lDn And txpeThs No have Ee¢n waid remuneration oi received other benefiL% from cmploymeni with the chariiy or r¢laied eniÉiy. NotnLStc¢ cxp¢rLses b&ve ittn incuThed. Page is The Chris Banton Foundatlon Notes ¢0 the Flnanci81 Stst¢ments feortrf*drfd) Year ended 31 March 2024 11 Programme rel*ttd ITh¥￿1￿￿nts On 22 April 2022. Ihe Foundaiion granied a nOn.r￿0Ur%e loan facility to The Francis Crick Insiiiute Limiied. TIK loan facility is for £50m dnd ean drdwtt down ai any time. The funds will be used for funding.%Ftcified projtCL8 &t the discreiion of Th¢ Crick In¥iiiuic. Ifa proj¢¢i is sold on ¢omwrci#lly io an iftve%ior in the fuiure. then Ihe fsjads advunc¢d repaid 10 the Fouthlo1io#. If the proje￿ i$ Th)1 commercrdli5ed and viable, the I￿n for ihai projcct is wriii¢n off and 1% ireated w a donztion. The Charity Commission has previou&ly thc term'progrnmnr-relawl iftvestn*nt' to ￿e￿ribe a ehaiÉiy inV&S11118 miitnly to achieve il% purpole. Thi% iem) is ￿ longer used as it is covered by the Clwily law dcfinilion of 50ciJJ invtsimeni. The Chariiie5' SORP FRS 102 FrmiL% the u¥K of ihe 'pro8ramme-relaied invesimeki. term. A Programme relatrd invc51ment 1$ one made exclusivc5y to further the chan'tabl¢ aiJTL¥ of Ihc invc%ling charity by funding specific a￿)VIll¢S of J third pany which, in turn. cwtribuie io ihe Inve￿￿$ own ¢horit#ble purpolxs. The loan facility is a l¢)att iTr thai iotert%¢ is chargeabk. Ai 31 M8wh 2024, a to¢ai of £4,315.281 had been drawTr dowo againsi vwious proj¢cts. 13. Debtws 2024 2023 Otkr d¢trAOPi 8,IMMI,I After dale iTKome has ken included a$ 4 4¢tAor #s the w35 Jw¢dcd to faciltthie the payw*n¢ of Ihe gifi &gre￿￿n( deuil¢d in note T4 ￿lOw. ItL Credlt•fL' tallin8 due wlthln one year 2•24 2023 Accruuls and deferred DonaiiorLI payablc 3.12 &•)0,( &IMI3.120 A 8ifi ggreenxni dated 12 May 2023 Jgreed io moke a donalion of £17.(KX),(M)O 10 the Francis Crtck I￿11(￿1¢ in .¥uppo¢i of ihe cre41ion of Skyldb. The fir51 in%ialmerti of £9.(￿,lKX) wos paid on l July 2023. The %e¢ond instalmenr of ￿.(MI),(￿￿> i% due for paymeni on or t¢fore l Yuly 2024. The second iKL%ialmeni w&$ pusd on 28 June 2024. P•y 16 The Chris Banton Foundation Notes to the FI￿n¢la1 st*¢eMentsfrM￿￿j Year ended 31 March 2024 I* ADgly81s of charftalth runts UMrtstri¢lod fv•ds Ai l April 2023 Al 31 M*rth )24 Incon Ex￿ndI1Ure Generdl hnds 484.496 20,107.CiIO (22.278.465) 4J13.031 Ai 16 F¢bNary 2022 At 31 March 202J IKome Exwditure General fund& 7.705.LNX) 17.220.504) 484.490 J& An•1￿16•1 net btlween huMIs U•wrytrictr4 Totsl Fund$ 21)24 Investments Currem CRdiiopi less ih4rtr l y¢ar 4.315,281 8.(MM).870 (8.IM)3,1201 1*003.120) 4,313,031 4J13.031 4J15281 Unr¢Mri¢i¢d Totsl Funds Funds Inve%iw*nts Cuwrenr assets CrrAlitors than l )tar Net *88ets 351,6 135.806 13.IKIO) 351,690 135.8( 13.(Kl)I 484.496 484.496 17. of£hoD8es ID n¢tdebl Ai l April 2023 At 31 MArth 2•24 Cth¥h flo bank and in h￿¥j 135.806 {134.9361 870 18. RelAted partles All of the do￿110115 INO Foynd#uon are from Bloor lrtY¢%tsr¢nis Lithi￿1. Thili comyny is Under the c¢)ntrol of Mr John Sknjart Bloor. who is al￿ othe of the compiiThy directOT%. who is a Iru%*e of ¢hKs' Foumiaiiort. Mr Dineshklbmor l. K. Mehits 1$ al￿ a direaor of BI￿r IThvestmellts iamitcd and a trustee of the Foun0a(i￿.