MERCURY PHOENIX TRUST Trustees, Report and Unaudited Financial Statements for the year ended 31 March 2023 Registered Charity Number l 013768
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMEWS FOR THE YEAR ENDED 31 MARCH 21Y23 INDEX Page Charity Infomlation Trustees. report Independent examlnerfs report Statement of financlal activities Balance sheet ststement of Cash Flows Accounting policles Notes to the financial ststements 11
MERCURY PHOENIX TRUST UNAUDITED FIMNCIAL STATEMEWS FOR THE YEAR ENDED 31 MARCH 2023 CHARrrY INFORMATION Trustees M Austin H J Beach 8HMay R M Taylor Principal office ercury Phoenix Trust 2nd Floor 88190 Baker Street London W1U6TQ Registered charity number 1013768 Independent examiner Geoffrey Frost Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex P019 1SY Bankers Coutts & Co 440 Strand Lolldon WC2R OQS Page 1
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES. REPORT The trustees have p1&3sure in presrting their annual reFQrt for the purFoses oflhe Charities Act 2011, tcgethef Wlth the accounts for the year ended 31 March 2023. The trustees have adopted the provisions of the Stztement of Recommended Practice ISORP) "Accountin9 and Rewrting by Charibes. IFRS 102) in preparing the annual report and financial statements of the charity. STRUCTURE GOVERNANCE AND MANAGEMENr The Mercury PniX Trust ts a register&J charty conslituted under a tnt deed dated 29 July 1992. and registered as a charity 18 August 1992. The power to appoint and rem¢)ve Tnjslees is vest&Y in the Tnjstees and exercised by deed. A Trustee may rebre by notice in writing. The number of Trustees shall be rot less than three nor more than four and in the event of their number falling below three, such addthnal Trusts or TTUStee shall forthwth be apwinted as shall be neSary lo make their number up to a maximum of four. On agreeing to bme a trustee of the charity, the trustees are thoroughty briefed by the esting co-trustees on the consttiubon of the Trust the day-trAay managemenL responsibileS of the trustees, the current objectives and future plans. The Trustees are responsible frjr authorisirKJ grant payments, for ensuring all grants are made in pursuance of the objectives of the Trust and for ensuring the oty'ethes of the Trust are m The TTUStees are resportsible for idenb"fying and reviewng the major Tisks to which the Trust is exFosed and confim) that, as far as is possible given the nature of the grant payments and b¢atS lo which they are made, arrangements have been established to mthgate those risks. Key management pensonnel remunetstion The Trustees consider the tard ofTruslees and the self-employed administrat¢x as comprising the key management personnel of the charrty in charge of directing and controlling the chaTrty and running and operating the charity on a day to day basis. The trustees gNe of their b.me fredy and no ttee remuneTatiori OT expenses were paid in the year 12022.. £nil} with the administratorfs rate being set * an amount for compatable roles wtthin similar organisations. OBJECTIVES AND ACTivrriES The charity's 0.ects are". l) To relieve the wverty, sickness and distress of with Auir&I Immune Dthiency Syndrome (AIDS) and Human IMmUnDeficienCY Virus {HlV) 11) To advance the education ot the ptsblic in general in the atKwe conditions, thwr transmissi¢)n, treatment and consequences 111) The provision. supwrt and maintenance of research into the tsuses and cure of and hospices Servi and other facilities for the treatment of and allewation of the suffering of persons with the above condrtions IV) The conduct and support of research into the causes and cure of the at(Jve condrtions, tO3etherwth other Medal conditions related to/assLated wtth or othewse alliedninked to AIDS andlor HIV In pursuan of its objects, the eharivs income is applied in the awarding of grants 1¢h are considered to be in accordan with the Trust's objedwes. The Trust has established tts grant making policy to achieve these slated objectives for the public benefit. The Iruslees confimi that they have referfed to the guidance contained in the Charity Commission's general guIdare on public tsenefft reviewtng the Trusys objectwes in planning tis future activtties and agreeing its grant making for the year. MPT completed its 64th fiJnding round in ts yearwith work already being undertaken for the 65th. Our grant appraisal setvice is assiduous in pursurt of sUrtae recipients and goes to great lengths to check their veracity. They pul tcgether exlIent funding rounds giwng detailed background and the goals of the applicants. We then work together to double check their suitability and to suggest a tM)ssible grant The numbers of charibes seeking funding, especiJly since Covid and the consequent rise in HIV cases, ts exwnenlial. Page 2
MERCURY PHOENIX TRUST UNAUDITED FIMNCIAL STATEMErs FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES, REPORT MERCURY PHOENIX TRUST Asscci&d entity This was muted some years ago and agrJ by the Trustees. It has now set up120221 with lawyer Xavier Pétremand who Start the new Rotary in Lausanne. Chris Eabom a financial adviser and Claudia Beach. The principle advantage is it enables the Swss to set their donaty.ons against ta QUEEN STUDIO EXPERIENCE This continues lo be hugely popular and is up in the 10 most wsited tourist attrtionS in Swlzerland. During Covid we commissioned a new costume rather than revamp the entire exhibition to add some sparkle. We chose the marvellous FTeddie prawn ouffil designed by Diana Mosety which looks speDts¢ular and gives the pla a new lift. Unfortunately, the regular donaty.on from the Casino Barrtere Foundatkin ceased with the death of Michel F& who was the President bul we are applying for more frjnding. The new carpeb.ng will be paid for out of Switzedand. FUNDRAISING EvEs The London FFAD tanque didn't happen tecause of Queen bw'ng out on Tour but the Swiss had its second year, 22 teams in an idyllic setting at the end ofAiJgusL In 2023 the London pétanque is back on the road ts 2nd June and the sv$$ on Juty 7th. THE FREDDIE BIRTHDAY PARTY AT THE CASINO MONTREUX This was a huge suecess with 12CNJ pwpje. all eager to paty. The success of2022 wag proved in January 2023 when the 1000 tickets put on sale went in ten days. Total ll out and the tickets are gold dustl This birthday paty was originally planned for the fans, and they cixne back each year. ACHIEVEMEfrifs AND PERFORMANCE During the year, donab.ons of£764,34212022: £642,976) Wre maje to chariti.es and similar btsjies 0$e objectives promote Wdreness of, and the fight agains< AIDS. There was a deffcttfortr yearof£217.382 {2022 defi¢f(". £65,352). The Trustees are pleased th the Trusvs perfollnan duTing the year and believe its consistent awarding of grants to entiti.es and l)odies whrch are sking to hdp relieve r)vety. sickness and distr crf peope AIDS and HIV demonstrates a public benefrt. The Trustees measure the Ferformance of the Trvst by assessing the value and nature of grants arded during the financial year. The Trustees considerthe value and nature of grants Wdrded this yearto be appropriate and consistent th the objectwes of Ihe Trust FINANCIAL REVIEW The Trustees aim to maintain a level of reserves at least equivalent to approximatety 34 years, worth of grant ayments in order to allow the Trust to cor.Ue in existen for the foreseeable future in the event that no fvrther income is r1ved. The Trustees regard this & being in the best long leryn interests of the current and future beneficiaries. Reserves as at the yearThJ total £2,7e6,592 {2022.' £2,977.974). The Trustees are sab"sfied that the chanty's assets are available and ajequate to fvlfil its obligations in relation to those funds. sk managemerFt The Trustees have assessed the financial risk maneMent objecltves and rKJlicies of the Trust. The exposure of the Trust to price risk, credit risk. liquidty risk. and cash flow Is considered not material for the assessment of the assets, liabilities, finanual posits.on and suwus of the Tnjst Investn7ent policy andperfonnan Given the short4erm nature of the Trusvs grant-maknng activitses, the Trustees have decided to invest ImMlatelY any surplus funds in UK-based deposf( accounts wrth a reputable bank. The deposrt accounts offer securty and ease of access to fvnts. toJether a market-based interest rate. Page 3
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMEWS FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES, REPORT PLANS FOR FufuRE PERIODS The Trustees aim to achieve the Trusys long-terrn objecaives of assists'ng in the relief of povety. sickness and distress of Fkople with AIDS and HIV through the continued awarding of grants to worthy tecipEDts but this is subject to continued receipts of donations. STATEMENT OF TRUSTEES. RESPONSIBILrriES The tru$tees are resFonsible lor pparing the Tnjstees. Report and the financial statements in accordance wth applicable law and United Kingdom Accountin9 Stsndards (United Kingdom Generally Accepted AOUntIng Prath.). The I applicable to dBrities in England & Wales requires the trustees to prepare financial ststements for each naneial year which give a true and fair view of the state of affairs of the charty and of the incoming reWUr and aDDlication of resources of the charfv lor that rRric#J. In Dreoarina these )Inaneial statements. the trustees are wuired select suitable ac¢ounts"ng policies and then apply them consistenty," observe the methods and principles in the Charittes SORP" make judgements and estimates that are reasonable and Pnent", state whether applicatje accountFng standards have teen follrNBJ. subj&*to any material departures disclos& and explained in the financial statements." prepare the financial statements on the going concem basis unS it is inappropriate to presume that the charity 11 continue in operatK>n. The trustees are responsitje for keeping proper accojnting rOrdS that disdose Vth reasonable accuracy at any time the financial position of the charity and enable them to ensu that the ffnancial statements comply wrth the Charities Act 2011, the Charity (Accounts and RetKsrts} Regulations 2008 and the prowsions of the trust deed. They are also responsible forsafeguarding the assets ofthetharity and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularrties. ApPoIKfmEP OF AN INDEPENDEPTh EXAMINER The charity remained bdow the threshold for audit in re$t of the year under rewew and retained Geoffrey Frost of Blue Spire Limtted as examiner of the tharity. Approved by the trustees and signed on their t£ha. Trustee Date 19 January 2024 Page 4
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMEWS FOR THE YEAR ENDED 31 MARCH 2023 INDEPENDENT EXAMINER'S REPORT Independent Examinerfs Reportto the Trustees of Alercury Ph(lixTl$t I report to the chartty twstees on my examinatv)n of the ac(J)unts of the charlty for the year ended 31 March 2023 which are set OLrt on pages 6 to 17. Responsibilities and basis of report As the charty's trustees you are resF¢)nsible for the preparation of the accounts in accordan wth the requirements of the Charitses Act 2011 (the Act.). I report in resm of my examination of the charity's accounts carried out under seth.on 145 of the Act and in carrying out my examination I have followed all the applicable DIrectn$ given by the Charrty ConNnission under section 145{5llbl of the Act Independent exarninets statement Since the charty's gross income excded £250,000 your examiner must be a mefflÈer ofa body listed in section 145 of the Act I confimi that l arn qualified to undertake the examination traUse l am a member of the Institute of Charter&J Accountants in England and WJes, which is one of the listed bojies. I have completed my examination. I conffim that m material rnatters have come to my attention in conne¢tion wth tne examination gNing me cause to believe that in any material respect.. accounting rewrds were not kept in resFÉCt of the charity as required by section 130 of the A¢t', or 2. the accounts do not accord Ihose records". or 3. the accounts do not with the applicable r4uirements conMIng the fom and content ofaccounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fairw which is not a mattefconstdered as part ofan independent examination. I have no concerns and have come &ross no other matters in connection wrth the examinatFon to which attentB)n should te drawn in thss report in order to ertable a prow understanding of the accounts to be reached Geoffrey Frost BSclHonsl FCA Blue Spire Limited, Statutory Auditor Cawley Priory South Pallant Chichester Wesl Sussex P019 1SY Date 28 January 2024 Page 5
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF FINANCIAL ACTIVITIES 2023 Total Funds 2022 Totsl Funds Unrestri¢ted Restricted Funds Funds INCOME AND ENDOWMENTS FROM: Donations and legacies Other trading actmties Investments 564.515 38,449 3,216 564,515 38,449 3,216 597,035 37,145 28S Total 6C6,180 606,180 634,465 EXPENDITURE ON: Raising funds Charitable acttvrttes 48,648 768,914 27,939 671.878 768,914 Total 817,662 817,562 699,817 Net 1ncomelexpend1rel 1211,3821 {211.382) {65,352} Transfgrs between funds 11 Net movernent in funds 1211,382) (211.382) (65,352) RECONCILIATION OF FUNDS Total funds brought forward 10.11 2.977.974 2.977,974 3.043,326 Totsl funds ¢arri¢d foThvard 10. 11 2,766.592 2,766,592 2.977,974 None of the chaiiiys activibes were acquired or dISntinUed during the above Iwo financtal years. The charity has no recognised gains or losses other than those dea with in the statement of financial activeS. Page 6
MERCURY PHOENIX TRUST UNAUDITED FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 WCH 2023 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note CURRENT ASSETS Cash al hand and in bank Total current assets 2.97S,045 2.975,045 3,267,171 3.267,171 CURRENT LIABILITIES Credrtors" amounts falling due within one year 208,453 289,197 Net Current assetsl(Ilabilities) 2,766,592 2,977,974 Net assetsl{liabililtes} 2,766.592 2,977.974 THE FUNDS OF THE CHARITY Restricted funds Unrestricted funds 10, 11 10, 11 2.766.592 2,977,974 Total charity funds 2,766,592 2,977,974 The accompanying notes fr)mi part ofihe finanoal ststernents Approved by the trustees and $4qned on their behair Trustee Date 19 January 2024 Page 7
MERCURY PHOENIX TRUST UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STATEMENT OF CASH FLOWS 2023 2022 Note Net Cash fk)w from operating activities (see below) (295,3421 183,196 Cash flow from investing a¢tlvities Interest received Net cash flow from investing athiitles 3.216 285 3.216 285 Net increasel{de¢reasel in cash and cash equivalents (292, 126) 183,481 Cash and ¢ash equivalents at 1 April 2022 3.267,171 3.083,690 Cash and cash equivalents at 31 March 2023 2,975,045 3,267,171 Cash and $h equivalents conslst OP. Cash at bank and in hand Cash and cash equivalents at 31 March 2023 2,975,045 2,975.045 3,267,171 3.267, 171 Recon¢iliatlon of net income to net cash Ilow from operating activities 2023 2022 Nel income for the year 1211.382} 165.3521 Adjusted for" Interest and dividends (Increaselldecrease in debtots Increaselldecrease) in credrtors 13,216) 12851 80,744 248,833 (83,960) 248,548 1295,3421 183,1 Page 8
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Generdl infonnationy scope and basi5 of the financial ststements The Mercury Phoenix Trnst is an unincorporated charity constitLrted under a ttust deed. The address of the principal Offi is given in the reference and administrabve details seclion and the nature of the challs operats.ons and principal activities are given in the trustees, report The charity constitutes a public benefit entsty as defined by FRS 102. The financial statements have been prepad in accordance with Accounting and Repo.n9 by Charitses: Statement of Recnmmended Practice applicable to charities preparing their accounts in accordance wilh the Finanryal RepoTt"ng Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Repong Standard applicable in the United lfjngdom and Republic of Ireland IFRS 102), the CharitFesAd 2011 and UK Generally Apted AccoL¢nting Practi. The financial statements are prepared on a going conc£m basis under the historical cost convention, modified to indude certain item5 at fair value. The financial ststements are presented in sleding vthich ts the functional currency of the charty and rounded to the neast £ The significant accounting policies applied in the preparation of these finanoal statements are set OLrt telow. These poli¢Es have been consistenuy applied to all years presented unless otherwise ststed. Ineomlng r¢sources All incoming resources are included in the Statement of Finanaal Acttvities ISOFAI when the charity is legally entided to the income after any perf0mnCe nditnS have been mel the amount can be measured reliably and it is probable that the incoTr will be received. For donations to be rerngnised the Chartty will have been notified of the amounts and the settlement date in writing. If there are conditions altached to the donation and trlis requires a level of perfr)miance before entruement can be obtained then income is defewed until those COnd.0nS are fijlty met or the fuFfilment of those conditions is wsthin the ntrol of the Charity and rt is probabje that they will be futfilled. Income from tsding activities includes income eamed from fundraising events and trading activities to raise funds for the Charity. Income is recewed in exchange for supptying g¢x¥ds and services in order to raise funds and is recognised when entrtlement has octurred. Investrnent income consist of interest received or e1vable and acLnJed at the balance sheet date when materi?1. Resources expended All expenditure is accounled for on an accruals basis and has b*n dassffied under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to Make payments to third paTb"es, it is probablè that Ihe settlement will bE required and the amount of the obligatr.on (an t measured reliably_ It Is otegorised under the following expendrture headin9S- Raising ft2nds,' these include costs of fijndraising and events. Charitable activities", these indude grants to third partses and the costs ofadministering the charity inclusNe of govemance costs. Grants payable to third parties are within the ehantable objectives. Where uneonditional grants are offered, this is accrued as soon as the reciptent is noffied of the grant, as this gives rise to a reasonable expectation that the recipient W411 receive the grant5. Where grants are condthonal relating to perf0rrnan then the grant is only accJued when any unfulfilled conditions are outstde of the control of the charity. Support and govemance costs a those that assist the work of the chanty but do not direcdy represent charitsble activities. They are incurred diredy in support of expenditsjre on the objects of the charity. Governan costs are those incurred in the govemance of the charity and primarity associated the constitution and ststutory re uirements. Page 9
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES VAT The charity is not gistered for VAT and is unable to recover VAT incurred. On this basis eosts are recorded indusive of VAT within the SOFA. Taxation The charty is considered to pass the tests set out in sections 521 to 536 InconE Tax Act 21x17 (ITA 20071, as such no income tax is poyable on the charity's ath"vrtEs. DebtOKS receivable and creditors payable within one year Debtors and creditors with no stated interest rate and recewable or payable within one year are rerded at transa¢b"on pri. Any losses ari&ng from impaimnt are recognised in expendIre. Cash and cash equivalents Cash and cash equivalents in¢fudes cash at bank and in hand. Foreign currency Monetary assets and liabilities denominated in foreign currencies are tranated into Pounds Steding at fates ot exchange ruling at the balance sheet date. Transactions in foreign Ixjrrenues are translated into Pounds Sterfing at the rate ruling on the date of the transath"on. Ex(ange gains and losses are recr3nised in the Ststement of Fund accounting unresth.cled genefal funds are incoming resour receivabbe or genex8ted for use in fvrtherance of the general objects of the Charity without restri"On. Restn"cted fvnds are fvnds which a to be used in accordance with specific restrictsons imposed by donors or which have been raised by the charty for particular purposes. The cost of raising and administering 5u¢h funds are charged against the specffic fvnd. The airn and use of eath restn.rted fund is set out in notes to these financial Going eon¢em The financial statements have been prepared on a going concem basis as the twstees believe that no material uncertainties exist The trustees have considered the level of fijnds held and the exFded level of income and expenditure for 12 months from authorising these firEancial statements. The budgeted income and expenditure is suffioent vth the level of ServeS for the chanty to k able to ¢onb"nue as a going concem. Page 10
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS 1. Donation5 and legacies 2023 Total Funds 2022 Total Fun(ts Income Restricted Funds Funds Income Funds Restricted Funds Donations Montreux Studio Experience income .51S 564.515 590,308 590,308 6,727 597,035 6,727 597,0 564,515 .515 2. Other trading actlvhtes 2023 Totsl Funds 2022 Total Funds Income Restrithd Funds Funds Income Funds Restricted Funds Freddie for a Day Inrne 38,449 38,449 38,449 38,449 37.145 37,145 37,145 37,145 3. Inveslment income 2023 Total Funds 2022 Total Funds Unrestricted Restricted Funds Funds Funds Funds IntEst receNed 3,216 3,216 3,216 3.216 285 285 285 285 4. Raising funds 2023 Unrestricted Restricted Totsl Unrestricted Restricted Funds Fund5 Funds Funds Funds 2022 Total Funds Costs of other tsding activibes Freddie for a Day costs 42,534 Studio Experience costs 837 Seeknng dOnatnS. gtsnts and legaGYes 30th Anniversary YouTube concert 5.277 42,534 837 22.870 5.069 22,870 5.(E9 5.277 27.939 27,939 Page 11
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMETrtrs 5. Charitable activities 2023 Totsl Funds 2022 Total Funds Unrestricted Restricted Funds Funds Unrestricted Restricted Funds Funds Grants to instiiutions Grant appraisal services Management seNices Exchange (gainOsS Legal, stats"onery and administration Bank Charges and donation processing Governan costs". Independent examinerfs fee 764,342 20,697 9,154 135.165} 5.762 764.342 20.697 9.154 {35.165) 5.762 642,976 20,756 9,226 {9.962) 642,976 20,758 9,226 (9.9621 5,668 2.624 2,624 1.774 1.774 1.500 768.914 1.500 768.914 1,440 671,878 1,440 671,878 6. Grants to institutions Year ended 31 March 2023 Recipient name Country of use ACET- Nigeria ACET. Zimbabwe Action for Integrated Communty Development Adarsha Rural Health and EcDnomi¢ African Girts Empowemient Nerk Amani UK Amref Health Afr[¢ Association for Rural and Tribal Improvement Barrackpore Avenue Better Women Health Bulungula Incubator Cecily's fund Christs Wthry Centre Communty Based Concord Trust Consottium for Street Children Constitutional Court Trust Deva lQrubai ScLial Help Grft Women Link Foundation Gifted GI Child Counselling Women Group Global Education Partnership Global Livingston Institute Good Hopes Educab"onal Committee Holy Cross So¢i81 Service Society Indian Community Welfare Organisalton Intemews Europe Just Charity Katnarpara Nan Unrwn Sangstha carried down Nigeria mbabwe Uganda India Nigeria Kenya Kenya India IndK South Sudan South Aftic Zambia Kenya India Sierra Leone South Afri India Uganda Kenya Kenya Tanzania Uganda India India India Worfdwide South Africa Bangladesh 12.000 12,000 5.000 4,050 5,000 4,547 14,993 3,590 11,000 8,000 15,000 12,250 5,500 3,000 5.000 7,000 4,446 5,368 4,043 7,500 5,865 7,788 2,349 3,579 2,950 20,000 5,000 11,500 208,318 Page 12
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMEp¥rs 6. Grants to institutions Icontinued) Year ended 31 M8 2023 continue Recipient namè County of use No. Brpught down Keep A Child AINe Kenya Arid Regions Children Fund Kisumu Disabled Self Help Group Kisumu Shinner Krupa Jeevan Charitable Trust Kyamt)ogo Untverstty Kyambogo University- turned grant payment M8bona Communty Health Initiative Mahila Mar9daT3hi Matemty Africa Malungu Communty Development Medical Actitin Myanmar Milango Ya Tumaini NAM Publications Ndola Nutritn OrganatiOn One Voice South Afn"ca Play it Forward Rhiza (UK) Riley Orton Foundation Rising Women Organisalion Rural Development Council Rural Organisation & DeveloFiment Rural People's Sangam Samaj Vikas Sanstha Sangrami Voluntary Seeds of Hope sha Jesus Word Ministries SMILE thays foijndation Society for Community organisatn and Peoples Education Society for Community OrgantzatDn and Rural Educab"on Society for Nature Education and Health Society for Upliftment of Rural Educab"on Society for Womens Education SOS Children's Village st Francis Health Care Servi$ St Joseph's Leprosy Patients Soaety Tackle Afnca TEMWA Temwa (UK) The ASAP Foundation Trust The Friends of Hope The South India Neighbourhl Netsvo Three Sisters Educare & Welfare Centre Turkana Community Foundab"on Ubuntu Pathways Ufrdnsi Women Group United Through Sport C8med down 208,318 7,600 6,595 5,923 7.032 3,910 7,199 16,8601 6,800 10,000 10,386 3,668 211,161 3,881 10,000 s,000 10,000 5,000 9.260 8,521 5,000 4,000 4,116 2,069 3,926 28,980 9,363 3,920 3,000 4,000 5,980 13,497 7,753 2,270 11.377 9,750 3,901 11,650 7,500 9.188 7,763 6,000 6,371 3.000 3,500 8,000 South Africa Kenya Kenya Kenya India Uganda Uganda Uganda India Tanzania Kenya Myanmar Kenya Wortthvhje Zambia South Africa Zambia South Africa Kenya Kenya Indkq India India India India Uganda Indta India India India India India India Tanzania Uganda Indk3 Kenya Malawi Malawi South Africa India India South Africa Kenya South Africa Kenya South Afri 8,998 735,222 Page 13
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMEKTS 6. Grants to tnstitutlon5 {continued) Year &nded 3t March 2 23 continued Recipient name County of use Brought down Village Womens Development Society World Medical Fund Zambia Orphans ZamuxoS0 Orphanage 735,222 3.120 10,000 13.000 3,000 764,342 Indra Malawi Zambia Scmjth Africa Yearended 31 M rch 202 Recipient name County of use No. ACE Ahca IUK} ACET UK ACET UK Asemtso Kare Geno Initiatives Asociatia Semper Music Avert (UK) Baa¢kre Avenue Women's CultuRI Sc(iaS & Te Sc¢ Baynards Zambia Trust Bhubesi Pride Foundation Brass forAfric8 (UK) Bulungula Incubator Bureau of Obligate & A0rnpanr for Rural Development Cabrini Ministries Cecily's Fund Chiedza Child Care Centre Child Inative Agency Community Action for Rural Development Deepam Trust Ebenezer Women Welfare Sangam Feed the Minds IUKI Gid Child Counselling w0nn Group Global Livingston Inslrtute (USA) Health Equity Intemalional Health Ltd Ua Health Povety Action Hillcrest AIDS Centre Trust Integrated Rural Development Soc Katnapara Nan Unnayan Sangstha Lilerales Welfare Associ*ton Mahila Margadarshi Medical Action Myanmar MESAP trust NAM aidsrnap (UK) Nurture Africa Paribartan People's Association for Community Health Educabon Reaching the Unreached Restless Development Sangrami Voluntary OrganisatM)n Carried down Taroania mbabwe Nigeria Kenya Romania Worlthwde Ind¥a Zambia Malawi Uganda South Africa India 12,107 5,424 9,000 5,702 854 18,120 7,100 5,000 10,000 20,000 13,794 4,500 12,OQO 27,101 7,602 3,801 6,566 4,056 3,400 20,000 7,500 5,000 5,906 17,630 6.996 2,907 10,000 5,702 7.500 96,842 3,796 7,500 15,185 7,500 7,152 7.000 46,936 28,250 485,429 Zambia 'mbabwe Uganda India India India Uganda Kenya Uganda Haiti Rwanda South Africa India 8angladesh India Indta Myanmar India Wortthide Uganda India India India Tanzania India Pag¢ 14
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMEtrrrs 6. Grants to institutions {ctintinued) Yearended 31 March 2022 continued Recipient narne County of use Bnwght down SKRUM UK Snehalaya UK SNEKITHI Charitable Tru Social Action for ValLte Education Trust Social Health and Education Development Srxiety for Communty Development Projec Society for Education Researeh & Village Empowefment Society for People's Edutstn & Economic Change Society for Women's Education & Awareness DeVetyt Streetlnvest IUKI sucSs Trust Tanzania People Devek•pment Organisatron Tearfund IUKI The Bali Children's ProJ"ect Theatre for a Change {UK) Three Sisters Edueale and Welfare Centre Together for Development UNICEF {UIQ Upeme Community Education Centre Vaigai Mahalir lyakkam Welfare Organisation for Rural Devebpment Woza Moya Communty Developffnt Pmject Zamuxolo Orphanage 485,429 10,000 15,353 2,500 5.065 4,203 3,300 2,500 6.100 3,500 5.000 2,353 4,600 15.000 5,020 30,000 3,000 6,000 10,000 8,112 2,900 3,041 7,000 3,000 642,976 Swaziland India Ind India India India India Indra India Sierra Leone Indkg Tanzania Nigeria Indonesig Malawi South Afri¢a Ghana Tanzania Zambia India India South Africa South Afnca 7. Independent examinerfs fees 2023 Total Funds 2022 Totsl Funds Unrestricted Restricted Funds Funds Unrestricted Restri¢ted Funds Funds Examinalion current year Examination prior year over p 1.500 1.500 1,500 60 1,500 60 8. Related party transactions No Trustees or companies where a Tntstee was a directof rNed any remuneration or expenses during the year B H May, R M Taylor, and H J Beach. who are Tntstees of the TnFSt are also directors of Tonleigh Lld, a company which rnade donation5 to the Trust amounb"n9 10 £390,276 duilng the year {2022.' £438,495} Page 15
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 RCH 2023 NOTES TO THE FINANCIAL STATEMENTS 9. Credito. amounts falling due within ¢)ne year 2023 2022 AccNals Grants payable Deferred inrne 31.764 169,689 7.000 208,45 45.588 243,609 289,197 Brought forward Released Deferred in year in year Carried fop•ffird DefeThed income." Event sales in advan 7,000 7,000 10. Analysis of net assets between ndS 2023 Unrestricted Restricted Total Unrestricted Restricted Funds Funds Funds Funds Funds 2022 Total Funds Current assets Current liabilities 2.975.045 208,453 2,766,592 2.975,045 208,453 2,766,592 3,267.171 289.197 2,977,974 3,267,171 289,197 2,977,974 11. Net movorngnt in funds Year ended 31 March 2023 Total funds Totsl Total TraTrsfer¥ Total funds brought incoming resour¢es between carried forward resources expended funds fonvard Restricted ftjnds Unrestricted funds 2,977.974 2,977,974 606,180 606.180 817,562 817,562 2,766,592 2,766,592 Year ended 31 March 2022 Total lunds Total Totsl Transfers Total funds brought incoming resources between carried forward resources expended funds ft)rward Restricted ndS Unrestrided fvnds 3,043,326 634,465 3,043,326 634.465 699.817 699,817 2.977.974 2,977.974 Page 16
MERCURY PHOENIX TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 NOTES TO THE FINANCIAL STATEMENTS 12. CompaTative statsment of financial actt¥itses 2022 Total Fund8 Unrestricted ReStrId Funds Funds INCOME AND ENtK)WMEpifs FROM: Donab'ons and legacies Other trading acbvities Investrnents 597,035 37.145 285 597,035 37,145 285 Total 634,465 634.465 EXPENDrruRE ON: Raising fvnds Charitable activities 27,939 671.878 27,939 671,878 Total 699,817 699,817 Net incomelexpenditure) (65,352) {65,3521 Transfets between funds 11 Net movement in funds 165,352) 165,352) RECONCILIATION OF FUNDS Total funds brought forward {reslated) 10. 11 3,043,326 3,043,326 Total funds carried forward 10. 11 2,977.974 2,977,974 Page 17
Mercury Phoenix Trust MPT Donations Received 2022-23 Currency: GBP Description PayPal Giving.com Payroll Giving individual Universal Charities Trust Anglia Giving Various School colleges Espace Jouet ttle Thief Amazon Smile SWR Hugo Boss Silvia Lu Shinko Music Drum Workshop Loews Hotel SACD Lille will Rock You Online Giving Foundation WWRY Collertion Nightjar Montreux Boat Tours Freddie Tours Switzerland 20.588.85 23.808.73 49.92 1.311.41 30,CN)O.(x) 144.00 15.CX) 473.21 933.02 5(X).CKI 112.72 990.99 8,456.59 1.501.76 318.32 478.33 278.73 4,150.06 1,776.09 2.228.18 6.503.51 2.748.50 694.08 5.463.72 i.LKM). 11,267.77 47.042.38 390,276.28 1.335.51 67.50 Queen Fan aub Convention Prizeo Tonleigh Micha Bajonoska Little Freddie Goes to School 564.515.16