| Name of | charity | charity | The Foulkes Foundation | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Governing | instrument | Deed dated 26 September | 1974 | |||||||||||
| Charity | registration | number | 265166 | |||||||||||
| Trustees | The Trustees as at the date of | these financial | statements | are:- | ||||||||||
| Mrs Maureen Foulkes-Hajdu |
(Executive | Chairman) | ||||||||||||
| Mr Andrew J Hall (Secretary) | ||||||||||||||
| Mrs Georgina Benton (Registrar) | ||||||||||||||
| Sir Walter Bodmer | ||||||||||||||
| Mr Simon Ellen | ||||||||||||||
| Mr Nicolas Hajdu | ||||||||||||||
| Professor Muzlifah Haniffa |
||||||||||||||
| Professor Sir Alex Markham | ||||||||||||||
| Professor Colin Self | ||||||||||||||
| The power ofappointing | new | Trustees | is | vested | in the continuing | Trustees. | ||||||||
| Advisory | panel -United Kingdom | Professor Eileen Joyce - Chair Professor Alastair Compston CBE |
||||||||||||
| Professor Andrew Copp |
||||||||||||||
| Professor Denis Talbot | ||||||||||||||
| Professor John Williams | CBE | |||||||||||||
| Advisory | panel - Israel | Professor Moshe Oren - | Chair | |||||||||||
| Professor Yehudit Bergman | ||||||||||||||
| Professor Ohad Birk | ||||||||||||||
| Professor Lior Gepstein | ||||||||||||||
| Professor Yossi Shiloh | ||||||||||||||
| Principal | address | 37 Ringwood Avenue, London |
N2 9NT | |||||||||||
| Specific | investment | powers | The Trustees have unfettered by Mr Andrew J Hall and |
investment Mr Simon |
powers Ellen |
and are currently advised on the overall investment |
||||||||
| strategy offunds held. | ||||||||||||||
| Secretary | Mr Andrew J Hall | |||||||||||||
| Bankers | National Westminster Bank pic |
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| Moorgate | ||||||||||||||
| London EC2M 6UR | ||||||||||||||
| Brokers | Sarasin k, Paitners LLP | |||||||||||||
| London EC4M 8BU | ||||||||||||||
| Auditors | West Wake Price LLP | |||||||||||||
| The Mezzanine Floor |
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| 68 Cornhill | ||||||||||||||
| London EC3V 3QX |
| 2022 | 2021 | |
|---|---|---|
| Fixed Income | 7.00 | 11.03 |
| Equities Property Alternative Investments |
69.80 5.60 12.70 |
72.64 2.43 8.02 |
| Liquid Assets | 4.90 | 5.88 |
| Notes | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible fixed assets | 3.00 | 3.00 | ||||||
| Investments | 2,140,134.00 | 2,135,293.00 | ||||||
| 2,140,137.00 | 2,135,296.00 | |||||||
| Current assets |
||||||||
| Debtors | 8 | 1,242.50 | 2,797.50 | |||||
| Cash at bank | 111,856.82 | 94,355.00 | ||||||
| Sarasin &Partners | income and investment | account | 1,103.21 | 0.32 | ||||
| 114,202.53 | 97,152.82 | |||||||
| Liabilities: amounts Grants payable |
falling due within | one | year | 12 | 37,214.26 | 40,500.00 | ||
| Net current assets | 76,988.27 | 56,652.82 | ||||||
| Total assets less current liabilities | 2,217,125.27 | 2,191,948.82 | ||||||
| Liabilities: amounts Grants payable |
falling due aAer | one year | 12 | 15,713.10 | 18,835.68 | |||
| Total net assets | K2,201,412.17 | X2,173,113.14 | ||||||
| Total charity funds | X2,201,412.17 | K2,173,113.14 |
| FOR TH | E YEAR ENDED 5AP | RIL 2022 | ||||
|---|---|---|---|---|---|---|
| Notes | 2022 | 2021 | ||||
| Income | ||||||
| Non-Gift aid donations | 1,000.00 | 1,500.00 | ||||
| Gift aid donations | 4,770.00 | 10,990.00 | ||||
| Gift aid tax reclaim | 1,192.50 | 2,753.75 | ||||
| Miscellaneous income |
1,117.98 | 993.76 | ||||
| Incomeft om investments: | ||||||
| Dividends from UK Companies |
26,257.04 | |||||
| Dividends from non-UK |
Companies | 4,079.63 | ||||
| Gross investment income |
58,746.32 | 42,992.17 | ||||
| Interest from interest bearing | bank accounts | 9.76 | 25.06 | |||
| Interest from interest bearing | broker accounts | 2.46 | 15.79 | |||
| Total income | 66,839.02 | 89,607.20 | ||||
| Expenditure | ||||||
| Cost ofraising fimdst | ||||||
| Invesnnent management |
charges | 15.00 | 5,747.52 | |||
| Expenditure on charitable |
activities | |||||
| Grant and Prizes | 56,241.68 | 54,285.68 | ||||
| Support costs | 24,434.40 | 22,875.00 | ||||
| Publicity costs | 3,110.32 | 3,174.90 | ||||
| Management and administration |
ofcharity | 9,579.59 | 9,672.70 | |||
| Total expenditure | 93,380.99 | 95,755.80 | ||||
| Net expenditure before |
gains and losses on | investments | (26,541.97) | (6,148.60) | ||
| Net gain/(loss) on investments |
54,841.00 | 309,493.89 | ||||
| Net income/(expenditure) | for | the year | 28,299.03 | 303,345.29 | ||
| Reconciliation offitnds | ||||||
| Total funds brought forward |
2,173,113.14 | 1,869,767.85 | ||||
| Total funds carried forward | f2,201,412.17 | K2,173,113.14 |
| Tangible fixed assets | Computer, accessories |
Office Equipment |
Portrait | Total |
|---|---|---|---|---|
| Cost or valuation Balance 6 April 2021 |
1,095.96 | 204.96 | 1,137.15 | 2,438.07 |
| Additions for the year Balance 5 April 2022 |
f.1,095.96 | f204.96 | KI,137.15 | X2,438.07 |
| Accumulated depreciation Balance 6 April 2021 |
1,094.96 | 203.96 | 1,136.15 | 2,435.07 |
| Charge for the year Balance 5 April 2022 |
KI,094.96 | X203.96 | KI,136.15 | K2,435.07 |
| Net book value 5 April 2022 | KI.OO | KI.OO | KI.OO | 53.00 |
| Net book value 5 April 2021 | KI.OO | XI.OO | KI.OO | f.3.00 |
| Fixed asset investments Market value 6 April 2021 |
2,135,293.00 | |||
| Additions during the year at cost Disposals during the year at market value Realised gains/(losses) on disposals Unrealised gains/(losses) on investments |
(50,000.00) 2,172.16 52,668.84 |
|||
| Market value 5 April 2022 | K2,140,134.00 | |||
| Historical cost at 5 April 2021 | 2,384,167.92 | |||
| Book value of additions Book value ofdisposals |
(45,945.19) | |||
| Historical cost at 5 April 2022 | K2,338,222.73 |
| The Trustees consider individual | The Trustees consider individual | investment holdings |
in excess of5%ofthe portfolio | in excess of5%ofthe portfolio | value to be material | and they are: | |
|---|---|---|---|---|---|---|---|
| Value | |||||||
| Sarasin | Endowment Funds |
2,140,134 | 100.00 | ||||
| 2022 | 2021 | ||||||
| 4. | Grants | 8r, prizes to individuals | |||||
| Grants: Paid to Paid to Prizes: |
U.K.Fellows Israeli Fellows Paid to UK Fellow - The 2021 Foulkes Foundation Medal Paid to The Foundation's New Pre-Selector |
25,500.00 26,666.68 1,500.00 75.00 |
30,000.00 24,285.68 |
||||
| Paid to Israeli Fellow -2021 Research Prize | 2,500.00 | ||||||
| 556,241.68 | f54,285.68 |
| During the year ended 5April 2022, thefollowing amounts w |
ere paid to Fellows:- | ||
|---|---|---|---|
| United | |||
| Kingdom | Israeli | ||
| Grants | Grants | Total | |
| Balance brought forward —committed Amounts falling due within one year Amounts falling due after more than one year |
(23,000.00) (11,050.00) |
(17,500.00) (7,785.68) |
(40,500.00) (18,835.68) |
| Grants commencing 30 September 2018 |
1,000.00 | 1,500.00 | 2,500.00 |
| Grants commencing 30 September 2019 |
10,000.00 | 6,000.00 | 16,000.00 |
| Grants commencing 30 September 2020 |
12,000.00 | 10,000.00 | 22,000.00 |
| Grants commencing 30 September 2021 |
10,575.00 | 7,500.00 | 18,075.00 |
| Balance carried forward- committed Amounts falling due within one year Amounts falling due after more than one year |
20,500.00 5,475.00 |
16,714.26 10,238.10 |
37,214.26 15,713.10 |
| f25,500.00 | f26,666.68 | f.52,166.68 | |
| Current commitments to Fellows as at 5April 2022 |
|||
| United | |||
| Kingdom | Israeli | ||
| Grants | Grants | Total | |
| Grants corn&nencing 30September 2018 |
|||
| Last payments falling due on 30 June 2021 |
|||
| Grants commencing 30September 2019 |
|||
| Last payments falling due on 30June 2021 Last payments falling due on 30 June 2022 |
2,050.00 | 1,000.00 | 3,050.00 |
| Grants commencing 30September 2020 Last payments falling due on 30 June 2022 Last payments falling due on 30June 2023 |
1,500.00 7,500.00 |
1,428.58 5,357.10 |
2,928.58 12,857.10 |
| Grants commencing 30September 2021 Last payments falling due on 30June 2022 Last payments falling due on 30 June 2023 Last payments falling due on 30June 2024 |
1,050.00 10,500.00 3,375.00 |
4,166.65 15,000.03 |
1,050.00 14,666.65 18,375.03 |
| Total current commitments |
525,975.00 | f26,952.36 | 652,927.36 |
| Amounts falling due within one year |
f20,500.00 | f16,714.26 | f37,214.26 |
| Amounts falling due aAer more than one year |
f5,475.00 | f10,238.10 | f15,713.10 |