Unaudited Financial Statements Lord Rana Foundation Charitable Trust For the year 8nded 31 March 2022 Charity number: 102822
Lord Rana Foundation Charitable TNst IA company limited by guarant¢el c.ontents Page R•ferenc• and admlrblslratlve detalls Of the Chartty, Its Tn19¢5 and advl$ers Trusl••s' report TNstees' responslbllltl8S Stat•ment Ind•pendent examlnerfs report statem•nt of flnanclal *ctlvltles Balance sheet 10 Notes to the Ilnanclal statements
Lord Rana Foundation Charitable Trust IA company limit¢d by guaranto0) Reference lind administiatllTe detail% of the CliaLit}', its Tiustees 2nd liai'isers For the year ended 31 Mar¢h 2022 Tnte•S Lord D S Rana I B (Tarreti l) Brooks Charlty roglstered number 10289? Reglst•red offlc• 60 Cjlcilr I'i(roii2 Siieet Bclf15t B-I-!-BB Accountants Granr'lThomion (Nl) LLP Cliarreicd .Iccount2nts 12 - li Donegall Square 11 est Ilclfgst Bankers r)anske Bank Bilfast BTI 6Js P89& 1
Lord Rana Foundation Charitable Trust IA Company limitd by guaranteg) Trustees, ieport For the yèar end&d 31 March 2022 -I'lit"I nisrets prcscnt rheir annual pr[ iogether uith thc financixl stalcnients of the Lord Rana FoundAtion C.1121itiblc Ttusr for rhc I-tr l ..Ipril ?0?110 31 Nlarch ?02? 'I'hc-I Iu5t is regisrercd i[11 rhe INI Chirir%- Commission. Its Chaiin- numbcr is 102822 Ai)d tlic rc8istL'recl offjcc is 60 Great I'iciorij %rreei. Belfast, B'f2-,Bll. Objecrii'es and attii'iiies a. Background t• Lord Rttr Foundatlon Charltable Trust and Its Polleles and obJe¢tlvoS 'I'hc l.ord Riin2 found2tic)n Ch3rirable-I rus1 il'as cs¢bltshcd b) I'tusr Detd dared 26 Noi-ctnber 1996. -I'hc cliariii" faliLS fiirLdi t() proi'idi (rcc tducaiion to p(x)r chddten jii-ing rur21 aieas of Punjab IlndiAI. 'I'hc fiinds rriinsEcrred help siippurr the fi)rmarton 2nd extfnsion of a rnaiur education coinplL'x to Achici'c tl)is objL'Ctii-e. 'I'lic dirccr benefji Ki'hich flf)ii's fioni this PLlfPOSC Is protnotion o( Lnoiiledgc, undcrsrandthg aiid sknlls encouraging dcl'clupment, tqlent 2nd cinplu%"ment. Bencfits ale ei-idcnced rhiough IcedbacL fron) bencficiarLCS. 5tAkcliol(Icr 2n£1 flinders. I'hi5 pU$C dots nor gii"e risc tll Iii. hAim. The beneliiiqrLCi OE tliis piitP()se rc PL'C)plc hi'ijjg piiInxrJl!' in LNoithern IIL.lind 2nd lftdia. .4 prii'xie bcni.lii ro rtusiecs mai" arisc Irom oiiE piugran)mo' lif oii£oiJig trttining irt gooLI ¥nK'criiJnce, flnance etc. Ilirougli ihis tr#iiiing Irusiees gail) skills aiid cxpcijctice ii-liirli arc trJn%feriiblt rrj other seiriiigs. -1licse 5Lt-Ils arc LElCtd¢nial Jiid nectssgfj. io ttisure the bciiefii I bcneficLl1 ries. pro4.idcd rn Ilie b. Maln actlvltles undertaken DL'i-eloptni'nr of F.durAriort 'Ilie Truf[ ii'roks toKI'Jrd proi-idii)8 3til lei'cl tducaiion to rlie rurAI arc2s of l?iinjab. In il)e ibscncc OE tliis i1111121ii.e unjab, Il)c p(y)r Ihil(Ircn hi-iiig here ii'cre dcprii-ed of UllLI-ersin- cducaiioii ii-lijch Li onli. Tri-?Il&il)IL In bi.¥ citics Ilic rrust (unde(I x major buJldtn¥ iefurbishmeiii and citci)siun of A l)igli sc1101 At i-illa%c HeboTri-al {Piinj14 b) 111 19y7 99, creat¥ b¢¥rer Exciknues for studcnis and teaclicrs. .,Is a resulr il)c schunl ii'%s IIP¥IA(Icil lu q IiL.gliL'r !econdAtI- schuol. l)cxcc InitiaTh'cs tn N'oithcTll Irtland 2nd India -lo l)rotiiotC PC11 ce qii Instirure foi (".oiifiJ-ci .%riidies &. Rtsolutron PrAciices (II"%&-RSI is being plani)cil ii-liicli LS i11spiri'(I b!. thc 200-. r¢p)It nf il?c C.nini?)oni4caltli (.OilliiliisJon 011 Ilc%i)cci ind L-i)Ili'[%rii)dirtg, '('ii'll Patl]s ro l)LIlCL' e(liricl bi- l)r.-Im14 rti'x SL'Q Iiiulecl InilLan econvmisr and pl)iloiuplicrl- It uEtCl% x sllL'Anf for (.(IninioIiii-L'11tli nieiiiberb tn (lenion%ir.ItL' l)fii CIiC2111- rlictt L'ndorilJll¢n¥ ol rhe Rei)urr's rccumniendaiic)tli. TJIL l)rnjccr 1% cniistiiiiii(I q not-loi-profji, chiirjixblc IrLiil Icgi>lCILxI in knih iht L Iiited Kijigdnni 2nd Itidia. IleliL.f ij) l)Lbisrcr Striick .,Ireas -l-lie I'Tllbt ii-orks tnii'arils 1)roi'idiiig rch-eE2Ji(l aicl iii di>JStei sirucL aicxs. 111 2n04 11-1tL'tI a in2jur'I suz12XJ)i SfTuck 011 tIIL' CO'INli C)f %rilinka 211d %niirliciJ) In(li4.'lThc I.Rl-,l- prfft-ldcd enCtIC). shclrcr ai)d later biiilr 2 scliix)li ro Paoe 2
Lord Rana Foundation Charitabl& Trust (A company limited by guarantee) Trustees, Lepoit (continued) For the year ended 31 March 2022 ObJ8¢tlv•$ •nd actlvltles Icontlnued) NIL.dical I'acilLlieS in RurAI Areas 'Llic I'nist Is (acdittI8 ihe tonsiruction of a mixll'm and "tu-¢qUippeJ chfiri13ble hospi[1, tlie Jrcx's SILCI) fxciht)-. Lonu]iuniti- I)'CloP)enI Commiinity" dL'cloptntrtt piojccts siich as the tn¢r(xluciion OE cotnpuicr coutSLS for i¥'oinen. as -¢ll fls CC)ufiCfi in slii 41Iid CIAfts. T11¢5L' ii'ill prD%'ide the skjlls needtd (or peuple io ld emplo}'ment ai)d perliap5 Start ihcir sn)all buslrtcsses. LoinplL'.X as 1 Rolt,4lodel In close Pi11rnetship ii'ith the i-illagc P1nch2!'xt, Ihc 'Lrusi'5 objccuie is io dci-elop Ihe Sanghul COlDplex As a role moclL.I Iliai othi'r riiral ci)mn]unxtii's iii the PunjAb could rcphcite and thciebi" impioi-e ediic8llUrt, hcAlih, enrL'rprise a¢id ¥tJ)tral liELSts'lei NNI-.dPri) Cjlobii I C.erttrc foi ix'iitrition I Icalth 'rhi XTNI.'IlPLo Gli)bil CtniiL for INiLtriiion and Healih in Cambridge is in a-Id-1.1nfttg inrcriliscipliAit!' rl)InL- tink, IiuililJn.£ Lipun oi-er 2 dccailc uf iiiiirition c(luratiOn, TesL2rcl1 3nd ini)f)i-Atic)i). ..Inoliortcl iii (-anibri(18c IL'KI. ro cnni-cnci ccnti2141b 11-ell As regic)Iiil i)cni-oiks acitlss SLX Colltinctirf ¥L2red toKI'ardfi dti-el()piiig adgptiblc 111(1 s{qlal)Ic ediic2Lioi)Trl mo(Icls loi nurnuoii c¥pitii!. building if) Iiexlth s}-%tcmi Xi Ni LdPr() #Iso c()ndiicis a r2ngc ol riaining cnuTses 1S 11-I,ll 2s piimarJ- rescxrch $nleS and sl'rtiheses io fLII kei" ci'idente glps. 'I"IIL J.oril RJn1 1,oundation C.l)aiitablc Trust {cligrLrn- Itgi>trauon'. RC.'I- XRI.I0-. 211i'95 ori£inall!' cstAbli piui)Jnre ch2tirii ble iiid peAcc-n)aking iiii112rii-C> in i 'orthcTn Irelaiid. In 1997 tlit trust sliilred iti f(KUs to liiclix. luiiilinn tl)e rcfiirbislinicnL of a lTrigli sch()i)1, 2nd estJbli-.-hin¥ cdiicariunal (ocihrics af Saiigliol. iiear C.l)Incli¥irl), Piiniol). 'I'lijq ilpiiidcil sicidjl!" Linihl It ts rt0- 9 2i-acre campu£ iij[Ii sei-ctal inqriwtiotiq nffering eclucaiiciti 2n({ tKaing froni niiticn" lei-Ll to p05tgrxdiL2tc srnidies. 'L-hL' conii)Icnicntary- sircngilis of tlie ni'<> org2ni52tlOn5 1)2k'c bl brnuglit togetliLr in ati s¥reeniL'Tit iinileii)inning a IrAtegic piitTicrbl)Ip bcni-eL'n Mic Ira Raiij I'ounditinii C.l)IriiablL. -l-ri)si bascd in Ni orrheiii Ireliiicl 211d tlie Ic) Gloliil Cenirc lut NL Utiiiion and I Icglrli in CambriLlge. ii"oikn"ng closel5- Il1tli NTNII.'dPto'4 kei. acodLinic iollib()12tin8 JnstJlLltions inclLiding Llsrer L-nii'c15i4 and Eht LtLii-ergit)' OF C"ambridge. Kei- eNii IiiiIILS 01 i)rojtcis supporied b!- tl)e sir2tcwc p2iincrsl)ip-. -Elie hlc)bilc "I cacliing kitcl)cn IniÈJiiii-e ift 1ftd aiid mole ii'ideli ..Ilread!' cstablislicd ai)d cipcr%iing siTicc 2018, the 'lSliiK'Lilii-a %liikri Ilol)ilc -I'Lcliing kirclicn inJtiJlii'e cTnp)Ki'cr.- cl skill% IhiLiiigli Ilii. IMLiliuiii of nLL(lition ecliicAiion, Ki'iili thc qjjn to cnliAnCC 111.11111 anil ii'clll?L'lllg 111cI ticklL tlic rriplc biirJL'n of niLtriiii)i) prcsei)r in InilLlI -fiii prc)jett ll'2q 01) tixck tn bi. sissraiAiblc iDcxlcl 11) L'll)Ilf)11-L'l IniliiT) sliiiiiclii-elliiix rt)otl)ers Il)roiigli ti)IfCPllJ)CILfiliJi) and niitririnn ¢dallOti..1 o rcAcli tlic fitAXL of sii%ixiiioliiliii' II'L iJcccI Iiiii(li ri) sui)i)ort Ilic Ih Ii)bilc -[ eacl)iiig Kircl)cn Ulllt Jiid L'iisiirc a Icspccrablc £g11Tr' fni tl)L Kl-()Iking lur rlic Iii>t leii- Inonilib in a liill-sc#lc piotl4ictiun. I'i)Ilc)11-ing tlic succcss ()[ Il)¢ irjiiiarii-c iii li)£li..i. -I'l)L Nl l..{11)to (-l()bil (-ciiriL IioiIIJ likc ro fxpin(l ili Ill-l-k initiarii-c to otl)eT P2lts of tlii %lob¢. Page3
Lord Rana Foundation Charitabl¢ Trust IA company limited by guarantee) Trustees, iepoit (continued) For the year ended 31 March 2022 ObJ•ellves and a¢tlvllles (contlnued) 'I'lic iNutririon l.-ducarioi) Puhci. in I It21thcarc Piarricc (x.r_iJi ii-.i.P) Iniiiarii-c in ilie L.K ai)d inorL ii-iiILlI-,lims lu irgin jiinini dociois, geiicral pracriiioi)eis and aliLcd h¢alil)caie professionjls abour.. l-hc tcimnion problcms ii-itli nulntlOIl C11L' In hospitq15 and the cominilniti" lknc use of appropr[£ scrccrtll¥ trjols to di*tL'Ct mali)uiriiion I'hL' blSlCs of first lin¢ iiiLtiitif)n iiiien'L'ntic)ns' -llJe need (ui ASSCismenr anil n)anxgtrment of Iiiiliiti(Jn21 dcfLCiCIICiLS.' ,.Ipprc)i)iJare ortKI-2rd reftrTxI ro spcciib-sr scrn-ices. -Ilit tcAm at NL'N'I.'dl TO hoi)L l() (Ici'clop s1)rcad il)e 'orkshrJp fiitthL'r iii orclti ro reach as iiiini. healrhcarc piuEcssioiiali as P05SLblc ii'ithin tlIL' area cvi-ercd b!- the LK &. Irclantl N'IX.l-'dPro Regional N'em-ork as i4.ell as oilier piirs of the glube Ir ii'ill bi, imp()Itanr to esriibhsh a siisixJnibl¢ P41thiiai" (oi implL'mCiiting the projcct on a uudcr scxli.. ¢SP¢ClAll)' tn addrcss thc necclb ()E gi'neial practiiioners and allied he2lrlic%rc prof¢ssion#15 in ptittL2r%- carc. Thi5 15 likel). ii"hL'le niirriiioiixl J))?Iiixcnieiit OF diseAiC ii-lll l)24'c tliL bigge>i impict_ Oiliir potciiiial innoi-aiioiis iiitlude iniptoi'ing Ihe transfer of Ciirc bL'ni-eeii i)rin)In' ijid 5econdin' sttilC¢5 regarding iiuttition. Achievemeiiis And perfomhaJ)ce . Revlew of aetlvltles Diiiing rhe cuircnt finantigl Ic2r, li-t successfiilli- pro.gresstd on all of rht ¥b-C hsted acrii-ities."fhe fJnAncixl peiE()11112nci ul tl)c-frust cgn be scin iiirliin Illi tinanciil stRE¢menrs. b. Investment pollcy and perfomiance "l-hrre iirrL' nn ini-estrncni% diiring the )'car, oiher ih2n cash held on d¢poSLi in 2 cuirent a£coiint. c. Rèsults lor the yèar 'I"lie PLrfDimii lice OE rhe ch1ri11" 15 sei oiii in the Staremcni of Financial tlcui-iti-. Paa& 4
Lord Rana Foundation Charitablè Trust IA company limited by guoranteèl Trustees, iepoit (continued) For the year ended 31 March 2022 FinaiiciAI reyieii. . Golng ¢oThe•m tlfrer making appiopriate tnqiiitics. Ihc'l-wsttts hai-e 2 reasonable cxwiaiiott th?r tlie C.h2rits- h15 adcquitc res()utceq tc) coniiniie in operitiOJ)al eiisicncc lor rhL (oicstcablc IiiiuTe. I'or tlii> rcason. tlie}- coiirinuc to ad()pt tlie gnirtg ci)ncLrn bAsii in prLPqtiii% ihL. fiiiancLiI 518i¢InLnis. l-iiril)cr derads iegtttcliiix tlic Adoptjoji (Jf tl)e guing C()IICLfD bl>iS cin be EtsLin(l in tl)e JC£OLiniing pohciei. b. R950rv¢s pollcy "IknL Trust holds rescTh-es suftitieiii ro iiiect tlie to dai- requiictnents o(optTauons. Sttuciiite gOerance aiid n)%n8gemertl Constltutlon l.orcl Ranii F,uuiidition C.hJriiblc Trust is r¢ster¢d as 3 ch2rirable cnmpani. IJmJtL.d b}" gujrarttte 2nd ii-#s sct up bi a'l'tust dLed. b. Methods of appolntment or el•ctlon of Trtte•S 'I'lic mArtthgetnL'rtt OE Ilic ch21in' the TespotbsibJh"Th- of ihc'l'rusrees h0 2re elecied 2nd co-opied undLt ¥IIL' tcring uf ihe'l'tiisi diLd. -I'lic'FrLisiees h0 scTh-ed during tl)e )"ear lltre.. Ix)Id L) S Rana D 14rc)()ks c. Rlsk management 'l-hc-I'rusiccs hai'e gSSe55eil Ilie n]xjor risks io ii-liiih ihe cl)arin- 1% eNwscd. In paiticiilar i110se rcliilL'cI to rlic uiieritioiis anil fjninccs {?[ Ilic chariTh-. and 2rc 5gUsfied tliat s)'sieins and pi(Kcduics 3fL il) phcc ti) mirJgatL our eNp(J>urc ru tlie tThtijoi 11sk%. ,,Iiiproi"cd bi. oidcr of tlic mi'mbcis of rl)L. bojtd of 'l-riiirets on l Jul!- ?0?4 ¥nd signid on Ilicir beliall bi.: Lord RatlA R Raiia P4e5
Lord Rana Foundation Charitable Trust IA company limited by guarantee) Statement ol Trustees, i"esponsibilities For the year ended 31 Mar¢h 2022 -riic TnLSrec is rcsponsiblc for prepaiing ihe Ttustet's rtpnri 2nd IhL fjnancial st2tcnients in 2ccnrclxnce ii'itl) appltCiiblL. laii. and L.Jiirid Kiiigdom..Iccouoiiiig S12n(lard% (L-iiircd Kingdom Gtrterall)" Elcceptcd tltcnunting l)ticticc 'I'he lili- applic2ble to chAijties iii iNoithern Iieland requires ihe'l iustee to preparc Iinancitil sraiernents for eacl) fin2iiiJis I Ik"hicli 1.¢ a truc 2nd fAit I-ic- of thc si2ic of affaits of the-l tust aiid of its incoming resources ancl appljcitioii (if rLSUIIICI5. incliidiiig Lis income gnd L'xpcndittLle. for that Pe[d. In prcpRirng thcsc lJnarLcial statciiitnts, thc l-rus(ee 15 required to". stlecr SLlitable occouniing pohcffte5 2nd ihen appl!- Iheni consisienrli. oL>s1'Th'e rhe inL'tho(li and piinciplcs of the ChAtiiies SOKP (FRK 10) mikL judgitncn15 and Accoiirttin8 i'srimjres th3r aic fea>Dnabli and piudent" Stite ii'hetlict apphc2blt LK ..Iccoiiniing Srandards O.'RS 1021 haic been (ollou-cd, subjcct to AT]}. rnarcrjal depiittire5 disc105ed clplaiiitd in the ftharlcial sfaiL'n7ertis." pr¢p3te rlji firL?ntial stateminrs on the goi concein b2sis iinlcss It is inapproptiatc ro presume that the Chariti. ii.dl COnllnLie in business. "I'he'l riistec aiL' rebp()nstblL fox kceping %dL'quAie accotsnring iecords t1121 are sufficietLt to shoii. and cxplain rlie .1 riisr's trinf14 Ctif)ni aticl di>cIosL 11-Irh ii'gson3blt xccut2cI- %[ ttni- iitne fhc fin%ncJ211)osJrion UF rliL-I nist and cii2ble Ilieni tn ensiire I113r Ilie tinincjal $12retii£nis iotnpl!- ii-iih Ilic C.liariuc5 ,.Ict Ixotihern Irelandj 2n08, tlic Ch2rirics l..Iccounrs 2nil IiL'pofis) Rcgularion5 (Xi tsrrl)ciii Ircljnd) 201) af]d rlie proi-isions rlic'l rust deed. -I'hci" arc also rtspoiisible Enr ¥2Ecgiiaidin% Ihc assers ot iht'l tust and hencc for tak£ reasorlablc Steps for (he prei"ention Ilitecri()n of fr41LiII aoil othcr itiegulxnrres. .,Ipproi-ed b!. ordci of the mcmbcrs uf rlie b¢Ydrd of'lwsices oti l Jul!. ?0?4 2nd signcd on irs bthRlf bi": Lord D S R Rana P8
Lord Rana Foundation Charitable Trust {A ¢ompany limitgd by guarant¥8} GrantThomton Independent ei11ninei's iepoLt For the year trnded 31 March 2022 Independent examln•rf$ report to the Trn$te•s of Lord Rana Foundatlon CharftAble Tru•1 'C ILyori on Ihc finasicial st%Eements o( IhL' chqiit). the )'cAr ended 31 Nlaith 2022 ii"1)ich are SLL out o P1gts 9 to 16. Respeetlvo resp01161bllltle$ ot charlty Trnstees nd examlneT ,.Ks tIiL clIArin' f trLlStecs lanil 91so ihe dirc(iors of il)e compini- for rhL Putposc OF coJnp2n1. 12i1-) iou ire rcspui)siblc foi tlie prcp?r2tinn ol tht accc)Ullls 111 3ccordllJ)cc i11111 rhc re4llLren)ciits OF tlie (-.ump2nies .-Ict ?006. l?i"iii8 satisfjcd miself thai thL chariii i5 noi 5ubjeti io audit under compaii!- la. and i) chgibll for indcpeniliiii examination. Lt LS C)ur rcPOnSIbth" to.. tX1niine Iht aCCOUll15 under seciion 6) of El)c C.h2ritlL's ilct (Noiiliem IrLlandi 2008. laid dou"n iii iht gertcril DirL'Ctions wi-cn b!- tlie (-uiiiniisi10S) undci scctsc)n ()i19)(bl folltiik. IliL prntcdElfL of thL ('h1riiiis..Ict- 41nd slate .C(hL.I pafuclilai tnJtiiis hxi-e cuint to OLlt riL'ftiiOn. Bas15 01 Indep8ndent •xamlrberfs statement 'c hthi-c cxaJniiie(l !-OLir tlithrir%' accvuiits 2> rc411ifLd Linder secuon 6) of tlic CliaiiiLeS .4ct Aii£l oiir L'xaiiiiiJiri()ii 11-15 C14 rrJL'(I nut 151 iccord2nce ii'iili the gLKieril Dirtctions gii-cn b!- the Clii?iii!- ("vt))mÉsil(lrt £01 Nnrilicrn IrclaTI(I iincler SL'CILon 6i{9j(bl nl Il)c Cl)aniics.-Icr. C)iir exaniinaiion includecl a I1¢- of thc accountiiig iecnrd< Lepi bi the tl)anTh' Ancl g ci)nipqriiOn of rlic qccoiinls )ILsentL(l ii-iili rh(Jse Iicords. li incliidis Cnft%Lditaiinn ot Trni. UftLL<ual iicmi 01 IIL5closiJiti jri tlje occnuiirs. nil SL'Lkiiig explAiiaiiuns (iui)) 1-011 25 cl)ilLI!' rtLiqt¢c< conceininx ¥ni' SLicIi illAttCTS. (Iiir iule is to siitc ii-hcihei ani" m11eii11 m21ter> hai'e cumc to ow iiicnuon gii-ing US C2LlSC to beiici"L': thqr iccoujiiing reccitds ii'cre nor kLVI in accord2ftcc ii-&ili scciion 386 uf ihc Cnmpqnie> ¥liTrt ilie 2ccoiinrs do no$ 2CCC)td iiiil) Ihosc 2ccounrin¥ r¢ci)rd-. rliat rhL' 1CC(Juiitb do nc)I cc)mpli- ii'iili Ihc iCCnLiiiiing rcquitcmcnrfi r)f sccijnn 396 of ihc Conii)xnies .,Ict 200() aiid i%-iili tIiL IDLtI)(d5 ancl principlr> ol tlic C-.l)aritiis £tAtLtn¢ii( ()t IlecuiiilDL'iidccl Praciic¢' Ai)phcAI)IL' 10 piip?riiJ2 ihLif 8lCOiJiil> in 2ccurdincc ii-iil) rlii, I"-inxrtciAI Ilcpuri¥A¥ SIAndard aiiiilicAhle in tlic Inil Ilei)Lililic c)f IrL.IAnd11-.IlS 10? IliTrl Iherc is Iiiril)L'l Lnt(Iiiiiaiion fLeedcd foi a pii)pci undctsiancling c)f tlie 2ccuunrs to l)L' tc8clic(l. ..Ici 21106; Page 7
Lord Rana Foundation Charitable Trust (A company limited by guaranteo) GrantThornton Independent ex¢2minei's iepoit (continued) For th& year ended 31 March 2022 Ind•pendent examln•rfs stattrnent '( hii I'i, complLttd oiir cxxmjnitioll 2nd hai'c no conclrns in iespecr OF the m8tieis {11 to14) lisicd Aboi'e qi)Il, iji conncctiun ii.jtli folloii'ing thL' I)itectiuns OF rlii (.'h2nn. CO1)1$$1n lor Ntorthcrn Irclxnd. ii'c hai'c EniiJ?d no niairtrs rh2r Ttliuire clr41ll-ing lo l'our Ailentson. ()LL1 Grant Thornton {Nl) LLP l Juty 2024 12. li l)oncyll Square 11 esi BtlEIl51 P4e8
Lord Rana Foundation Charitable Trust IA company limited by guarant&¢} Stlteinent ol finaiiciiil 2ctii"ities (incoipoiating income aiid eypendituic account) For the year ended 31 March 2022 Unrestritied (iiiids 2022 fiLnds 2022 lunLIs 2021 Noie Income from: Donarinns 2nd l¢g?cies Otlicr income 138,333 21 138,333 21 226,886 Total Income 138,3)4 138J54 226,92.7 Expendlture on: C.I111I11bl¢ ictlN'Ltics 104,833 104.833 226,i8i Total expendlture 104,833 104,833 2?6,.j8 j Net movemonl In fvnds 33,521 33.521 340 Reeonclllatlon of funds: l-oial fiinils bioi¥ht foni'ard Ner iiioi-Lmeni In Eunds 12.692 33,521 12,692 33,521 Total funds Carrlod forward 46.213 46,213 12,697 ..lll anii)iirtts re11te tu cOntind vpcrarions. 'lie %titiinenr of finAJ)cial 3cuiiues iiicludcs all grts aiid losses rccogi)iscd iii ihe !-e#t. -I'lie tiotL'b 011 1)1ge5 1 I to 16 toriii yari of tl)cse fin2iiciJl siaicnietkt>. pe9
Registei"ed nuinber: Lord Rana Foundation Charitable Trust IA company limited by guarantee) Balaiice sheet For the ygar ended 31 March 2022 2022 2021 Noie Current assets LAsh qt biiik Trnd in 49,813 14,492 C.rcdiiors' amounrs filliLng diic iiithin one I'car (3.600) 11.8001 Net eurrent assets 46.213 12,()92 Total net assets 46,213 12.(192 Charfty funds L,'nrcstricitd EILnds 46,213 12,692 Total funds 46,213 "I'hc f11 nci21 staiimL'Qts liai-c beeii prep14 rtd in accordancc ti[ proiisions of I,-RS 102 Secrion l.I- 5m3ll ejiiitics 'I'hc fLiianci21 statements u'eie %ppiui-ed 2nd authoiised (or i55ue b!. the'l rusti5 oll 01 Juli" 2024 and si£J)ed i)n Lord D S Riin R Raiia "Ilie n()ie% on pages I I to 16 f(Trim part of Ihese finantial 5r?temtntS. Pagè 10
Lord Rana Foundation Charitable Trust IA company limited by guarantee) Notes to tlie fininciil stltements For the yèar ended 31 March 2022 G•n•ral Inlomiatlon Lorcl kqn1 1.oiindais()n Ll)ariiablL.-l-tllit i$ unincotpriixtiQ l-tLls1. Its rewstered uflicc is 60 GrLat I'ictutia %ireer, Beltasr. B'fi'2 7Bll.-I"he i112riii' reystiathon iiunibl'r is 102821 A¢countlng poll¢les 2.1 Basls of proparatlon of finala1 Statements "Ihc fjnii f)CÈ21 statemcnts arc prcp2rtd on a going concern b95is. undcr tlic his1()rical cosr coni-cntion Anil in icc()Id2nc¢ ii.ith Sccrion IA of l-,in2ncial K£potting StAndAid 102, rhL. fi117nciil R¢ptsrtiiig Siandqrd ApplJcAblc t]ie l-K xrtd Ihf KL'piiblL£ (Jf IILl2iid rhc C.oiJ)PqSilL'S .Ici 21106. ThL'!' liiil"L' been PlL'I)Ired in Accordance iiitli il)e grxitnicnt ol RecomTncnded Pi2ciice- Accountjng and Rtporring bi- Ch#iitscs, eltectii-c Isr Jinu2n' 20191'SORP'). Lord Foiindativn ChJntJbKe-l-rust mccts the defmirinn of a pubbc benefit cniiry" uiidtr l-,RS IO• Tlic fininciAI srgtcmenis gre prep2ied in sicrling Ill, .1)Ich is rhe Euncuonal cutrcftc}" vf the entiry.. 2.2 Golng eon¢ern l-hL' IIILStees hAI"c 2b%¢fsed tl)11 1.c)Iil Ranq fnundAiion C.IIAritahlt TnLSt h2$ 2dequAtL fL'qnUtcei tn meei thi. 01)%0s118 c(Trsli Ot tlii. IiitiTh- iniiiiniuni of 12 nioiiilis fiuni ilie a({ OE 55giTriiig rlJ¢ EJiiiiici31 siittiiiciirs. I,or Il}js TC1iOI) Ilic 1th111ciJI stattments h21-e becsi prcp.qred oil a pjng conccm basis Ki'liich prtsumcs tht re1bsaiion OF asst aiid lillbth.iies in Ihe normal coiicsc of business. 2.3 Income tIU incomc is recogniscd oncc the ch-1]?$ ertiiilemcnt to ilie intotne. li is prol).ol)Ic Iliai tliL' llicome ill bi, rLCCLI'cd And Ihe amounr of incomc receii-able Can be sncAsured iehAbl}'. 'or legacies. cntitlcmcni Is t2Len gs the c*rliei o( Ihe dxtL on u.1iicli ciiliei-. tht ch8111!- li Xll-Ari tliai pinbiie liis -L[l grg¢ltLYI. Ilic c511{ 1125 bl[1 Cin8lisLxI 211d t)uulJc2tion 11#5 been ii)2Llc l)l- LIIL L'xtcuior (fl tu tl)c-l-n15t tl)2¢ a disiriblirion iiill be nndc. nr ii-hen J distiibiitifjii is reccii-L'cI froiii tlic estate. Reccipt of i ILgic!". In ii-liolc or ift parr. Is unl!. con5idcrcd pri)bJblc ii.1lLn Il)e arnoiiTii ian bc me41qiircd iehibli" and ihc chariTh hqs bccii notilicd of ihc cxcciitoi s ti)tcnrJon to iiiaLL' I di%iribiillOII. -I?ClL. li'¥aci¢ IiaK-I bceji nviiflcd to Ilic chanii., 01 IhL' chxrin- 1% (JE Illi xraiiting of pi<)btitL, 8iid rliL' critiri.'I for iiicoJn¢ recu¥niiic)ft lithi-e nf)t bccii mL't. tlicn il)e IL¥%CI is ÉILatcd xs a coniin¥LJTrI ASSL't ancl di>clnsccl Jf n)14 1ci1AI. Inioiiie 1gK rccoi-crablL' 111 relqtii)n io donJuoi)s Icteii-ed undcr (Jifr ..li<l or clccds of c()i-£'n1111 1 ILCOgl)iscd At Ilic iimL uf ilic doJ)11ion.
Lord Rana Foundation Charitable Trust
IA company limite(I by guarantee)
Notes to tlie finqnciil statements
For the year endad 31 March 2022
Aceountln9 pollcles {¢ontlnu•d)
2.4 Expendltur•
Ex'penditutc ts recognised once ihere is 2 Icg81 or consrructii'e obligarion to tian5fcr econutnjc bei?cfit
to 2 Ihjrd i)1rt!-, Ir is probable ih2t a trans(ei ecortonuc ljcntfiis ll-tll bc rc(IiiilLII in seitlcmL'tit ai)d rlic
an)OLLllt nf thc obljgarioix ciji bc meJsurcd rchabl!"_ l..XPLndiwre is classJfic(I bs. actii-ln.. Tiic Lusts c)f
cacli acui"iTh- arc tnade lip ol rhe total of direct cDsr5 %T)d
Lord Rana Foundation Charitablè Trust A company limited by guarantee) Notes to tlic fininci1& I statements For tho year ended 31 March 2022 Incom¢ trom donatlons and 1oga¢les Unrestticicd hiiids 2022 2022 Dc)nauuns 138,333 138,333 L'nie5tiicred fiindfi 2021 'lor81 (linds 2021 Dortauons ??6.X86 ??6,X86 other In¢omlng resources Uxire5tricied hiilds 2022 fiiiids 2022 IntLresi iecc'ii'Ld 21 21 Liirc5tiJcicd 'lot%l 2021 2021 Inicrest rcccii'¢d -39 39 P8gÈ13
Lord Rana Foundation Chaiitable Trust IA company limited by guarantee) Notes to tlie financi11 statements For the year ended 31 March 2022 Analys15 01 exp•ndltur• by actl¥ltl•s iiiideriAL-en direcili- 2022 Siippotl cosig fiiiids 2022 2022 Ilccountanc 1.800 2.3 1,800 23 ink ch.qrges l)ollauon5 52,980 50,030 l)roject costs 50,030 ToiAI 2022 103,010 1,823 104,833 Actii-lrics undcri#ken dLrtctli" fiippoit costs 'I'Dral .Iccoiintaiic}' chi1r%es Donitir)nS 1.8110 1,800 64,980 l i9.-. 80 64,9811 Projcci cc)srs l-ot#1 ?O?I 224,-60 ??6, j87 Ind8pendent e)Tamlnerfs remunerallon 2022 ?021 I,ccs pai'ablL tri il)c fiTrtsrirn" s indti)endetkf exiniiner for the ijidcpcndciit L'ianiinii ILOrt ul rhc Ch21itl- 5 anniiil acinunr 1.800 Trustees. remuneratlon and exp•nse$ l)Iiriii.g IliL' !-car, iio'l nL5recs rcci'ii-cd ni. rcmiincraiion {)[ orl)cr bcni.Cits12021 £.NIII.I. l)iir211% Ihi, !-L'ar cnilicl_ll lrrI1 ?0?2. 110-L'iiJslLf CIPLnSC% h14 1-c b.11 mciirrLII {20?1 (N'II.). pa 14
Lord Rana Foundation Charitable Trust IA company limited by guarantee) Notes to tlie fintinciil stq& temeiits For th& year endad 31 March 2022 Credltors: Amounts falllrbg due wlthln one year 2022 Ilccrt121i and ilefcrrcd illcome 3,61)0 I,xoo Slat•ment of funds Statement of funds- curr•nt year BAlance at 31 hlArclJ 2022 Balttee ai I April 2021 Income Expendiiure Untestricted fiinds RL'SI'n-es 12.692 138,354 (104,83J) 46,213 statemont of funds- prlor year B.IlAIICL' Ar 31 Nlitcli BAlJrtce gt l .-Ki)ril ?0? Income F.NpcAdiwre Untesiricied fiinds CJL'neril fund ??6 C))) 1??6,-78il 12,(>9? 'Ihtre ii-erL' no re5riicicd funili In cuiierti or piior pciiud. Page IS
Lord Rana Foundation Charitable Trust (A company limited by guarantee) Notes to tlie fiii2nci21 st1i tements For the year endèd 31 March 2022 10. Analy51$ of not as$•ts betwogn funds Anatysls of net a5sel$ betwe•n lunds . ¢utrent y•*r Uiitestricted fiiiids Toial fiiiiils 2022 2022 Current Assets Ciedirori duc M'iihin onc }"ear 49.81.1 (3,000) 419.813 (3,600) Total 46.?13 46,213 Analysls of n•t assets betw•en fund5. prlor year L'nrcstticti.d 2021 2021 CiirrL'tii aiicts 14.49? 11.8001 14,492 11,800) Lreclitijri due iE-iihin one )-ear Total 12.692 19,692 11. Post balanee Sheèt ovenls 'Ikcie hai-c becn no 5i%tuIt(2nt ei-cnis affccting I1 IhariTh' sincc the i'eai ciid. 12. Controlllng party The iiltiii)2tL' Cl)nrtollJ"ng pati!. 15 dccmcd to be rhc-frusicts. Pase 16