REGISTCI IIEID CHARITY NUMBER., 1024872 ort of the'lrustees and Unaudited FitMii¢ial Stal¢menls foi" the Year Ended 31 Ma 2023 for KINGS WORLD TRUST FOR CEIILDRF.N A & N (Haslemei'e) Limited Ai'una Hguse 2 l<ings Ruad Ha51eiiiere Surrcy GU27 2QA
KtNGS WORLD I-RUST foR CIIILDREN Conlents of tlie fiiiaiicial Sialeinen15 for tlie Yeay Ended 31 Ma 2023 Page Rcpoit of the Trustecs Iiidepciidcnt Exatniner's Repoi't Statemellt of Financial Activities Balance Sheet Notes lo the Financial St&teineiits 10 to 14 Detailed Statement of financial Activities 15
KINGS WORLD TIIUST FORCIIILDREN Ile orl of tlie Trustees for thc Year Elided 31 Mil 2023 Thc Coininittee pi'esent Iheii. report with the financial stateinei)t of the Lhai'ily foi. tlie y¢ai' elided 31 May 2023. The ti'ustccs Iiave adopte(I tl)e pi'ovisions of Aecolltiliiig and IlepoiliiiE by Chai'ities.. Slat¢inent nf RccoiniMciidLoI Practice applicable to chai'ilies piei)aring theii. accoiints iii Rccoi-d£ince with ihe Financial Repoiling Staiidai'd applicable in the Ulc and Ilepublic of Iielaii(l (FRS102) (effectivc l JaniiRI'y 2015). BACIIGROUND Kings Woi'ld I riist for Childi'en (KWTC) was fouiided it] UK in 1994 to pn)vide care, education and ski115 liaiiiing for cliildrcii wlio weTC oiplianed, homeless oi. with physical disabilities. The opei'alioi)al ai'in of KWTC is Kiiigs Woi-ld Ti'ust ror Cliildi'cn (India) wl)ich Inanages. establislics aiid diTects all educatiunal pi'ojects and schools in soiitliLI'lI India as agrecd with KWTC in Ulc. The Ti'ust opened its fii'st Children's Village in Chinnaininalpui8m in 1995 for both boys and girls. Subsequent activities were as follows.. 1998- opcncd Boys Home in Idayangudi 1999- puirliascd laiid Pudhui- for farining and establsshed a gil'ls childi'en's village 1999- start¢d ali 'outteach' prograinme to piDvide priinary, secoiidRiy, skills ti'ainii)g and college education for children and young peoplc liviiig iii thcii. own homes. 2004 pi'ovided tncdical caie, IElief aid an(1 I'econstruction work ii) coastal villages affected by the south Asiaii TsuiiaTni 2005- open¢d Icings Mah'iculation School at Pudhur on land pirvioiisly purchased for famiing. 2014- built aiid opcned Kings CBSE School 011 the saine 50 acJE cainpu5 2018- built secoiid pliasc of CBSE scl)ool (loubling its previous size. AIM The aim of Kings World Trust for Chsldi'en is fii'st to provide an cxteiisive education and secondly, to provide leadei'ship and guidance foi. disadvantagcd childi'en and young people foi. a sustaiiiable futhre. OPERATIONS IN INDIA 2023 ICWTC (INDIA) owns and OPCTales Kings Matriculation Scliool aiid King5 CBSE School. Both schools are located on a 50 aci'e campus and shair a Kiiidci-g(ii'len, sports facilities, diniiig and Boarding liouses. Each school is located on its own seciii-e Campus. Cui'i'ciitlyl 013 students al'e studying in Matric School and 819 5tuden15 (ir¢ li) C.BSE S¢liool. Pasc I
KWTC opeiat&% a bui'5ai'y prograinine which provides frec or nieans tested education to briglit cliildi'en fi.om low ineoinc fainilies. Bui'5ai'ics at Ilings Scliool are also available for talented spoi'ls childiEn. This bursary proLryatnme is inclusivc and available to boy5 and girls fi'oin any baLkgi'ound, race, caste, religion oi. gender. Bursai'ies aTe funded either by Kings schools or by a 'cliild sponsorship pro&ryainme' funded by overseas donors. iji Ll¢tss 9 Page 2
Kings Scliools teacli iii English.'l ainil is the secoiid tauglit laiiguage but is the fii'st laiigiiagc of tlie iiiajoi'ily of sludcnts at Kings Schools. Special atlention 1% paid to Ai'l, Mu.4ic, Ciiltiii-al projects. 81)oi'ls and ctsinimiii)ity oi'gaiiisalioiis Such as Scouls, Qiuides Juiiior Red C.I'oss. All Students takc pai'l ii) a great Inaiiy iion-ediicational activities, clubs aiid liobbies I'li¥ iijii VOLUNTEEIRS Kings Schools I'uns & progi'aniine for volunteei'5 from the UK aiid fi.om othci. F.nglisli speaking COUDtrics. Voliinleers cali bc any a¥e fi'om 18 ycars old. They can have pi'ofessioiial skills oi" be school Icavcis. TEFL qualificd voliii)teers air especially welcoine. A minimuni of one inonth and Inaximum of ihree Inonths the ideal volui)teer time at King5 ¢4 Schools. Pagt 3
KINGS WORLS)'I'RUST FOR CHILDREN Ile oi'l of tl)e Ti'ust¢cs for the Ycai. Lnde(131 Ma 2023 ACHIE4 VEI MEI NT AND PCI RfiORMANCL Cli8ritable Aclivilies 'I'he Ti"ustees liavc Inainll£ ined a steady fluw of funds to ICWTC (India) to 511ppoI"I childien who are sponsoi'cd by the UK 'rriist. The fiiiids are iiseil exclusively foi. the cliildi'cii sponbored by IIK donoi's including the ii)frastructuic aiid i-esour¢e. whicli are Iiecessai'y lu siippoit tliein. Thei'e is one fLIII tiine staff Inembcr and one part tiine boukkeepei. who adiniiiist¢i' aiid manage the ICWTC sponsoi'slisp aiid bursai'y pr()grainmes in Iiidia. Snconie has been fallin¥ ovei. the past few years due to tlie challenges of fvndraising. the retii'ement, diie to age, uf a Iiiiinber of loyal doiioi-5 who ai¢ iiow unable to suppoil theii. bpoi)sored cliildreii on a fix¢d peiision and the fall iii siei'ling against ihe Indian rLipee wl)ich has Ineant iransfei'i'ed funds al-e now woith Icss in J'upees. It has been l)ard to find m<iny new child spoiisors bill Ihei'e lias bcen a slow streain of sponsors, moslly from younger people, wlio canie as voluiiteer&llnterns to suppoi"t the woi'k of the Indian Ti'ust aiid 5¢hools. KWI'C niakes ongoiiig appeals lo Grant Making I'i'usls in the UK and lias bccn successful iii atti"acting a niiiiibei. of sizeable donations for capitdl projects aiid the n)ultiple sponsOI'5hip of childiEn both in KWTC Ilndia) aiid tlie schools run by the Indian I'rust. Curi'ently, the following numbers of children ai'e spoiisored in tlie KWTL OutsEach piY)graminc in India and in pi'oviding bui%ai'ies for childi'eii to atteiid Kings %chool% in India. Outreach pi'ogiamine 4igliei' Edlication rjay Bursary at Kings School Boardiiig Bui'sai'y at Kiiigs School Total Nunibei. of ChildiEn 10 16 238 Outi'each 275 hcr F.du¢ation dni17g BBA ({{) 31..ILTViCJ' S Palliooj. Iliiii*r&lly. Coiijjbnlore Sui'plus funds are kept with high street baT5 to enable casy access. The Trustees iecognise the need to irview this policy on an annual basis and to look at other potential oppoiluiiities whilst approprialely nionitoi'ing the available fiinds and being pi'oactive in theii. Inanagement, to en5Ulf the best intei'est of the Cliai'ily's objectives al'e inaintaiiied. Page 4
KINGS WORLD'fRUST FOR CHILDREN 11 ofilie'l'i'ustees foT the Ycdi. Ended 31 Ma 2023 rilNANCIAL RIIVIEW l)riiicipal fuiidiJiLJ soiirces T]ie prii)¢iple soui'ce of fiii)ds is doiiali()ns fyon) individuals, coinpanies aiid other oi-81¢ nisatioiis in the Uiiited KiiJgdoiii as well as sponsoiship of specifi¢ cliildi'eii in India. Inci)me generated foi. Icings School is thi'ough pei'cefilage of fee payiiig students. Kwfc I'uns a voliiiiieer pi'ogramme in India foi. skilled and uiiskilled volui)tccrs fj'om ovei.scas who suppoit KWTC prograiniiies ai)d pi'ojects. Inve$tmeiTrt policy aiid objectives Siii'plus funds are kepl witli hi8h stseet baiiks to eiiabl¢ easy access. Reserves policy 'ri)e policy of the tr115tees is to bLiild up i¢%erves to covei. suddei) loss of iiicnine or ali emergeiicy situation. Reserves have beeii deplet¢d in IEcent y¢ai"s lo maintain our chai'itable pi'ogiammes. At tlie curi'ent time resci'ves have fallen to £7,722 (2022 £10,655), below that thouglit lo be pi'udeiit by tlie Ti'ustees. The decisioii to curtail the oulreacl) woi'k alld increase fi]iid rlSing effoits will Iielp lo build up its'VCs again to tl)e desired lev¢15. 'fiie tl'L15tees aiin to niake be%t use of any uiiIEstrieted tunds, however, they resei've tl)e right to i'etaiIi geiieral iyserves in hand uiitil they can be iised in the most efficieiit Inani)a' to further the objectives of the Cl)arity. Fiiiids iii deficit Dui'sng tlie year ihere was a Iiet dcficit of £2,933 (2022 £54 Net deficit). Tliei'e was a decrease iii income dui'iiig the yeai" as it IuL5 been a difficult tiine to izEse fiinds. Dui'ing the yeai. £64,000 was graiited fi'oin tlie Cl)ai"ity {2022- £203,000).'fhe ti'ustees feli il necessary given (he deci'ease in donations and ro Irduce the cojnniitinent to ensure that the Charity Inaintained it reseives in line with its resei'ves policy. Sui'plus funds are kept witl) higli stt'eet banks lo enable easy access. 'rhe Ti'ustees i'ecognise ihe iieed to review this policy on ali annual basi5 and to look at othei. potetttial opportunities whi15t appi'opi'ialely monitoring the available funds and beii)g proactive their iiianageii)ent, to ensure the best interest of the Charity'b objectives al'e i)iaiiitained. FUTURC PLANS iowrc (India) is to cease thE outreacli prograinme as soon a5 existing cljildien coinplete their education. The n¢w focus is to provide bursdrieb foi. cl)ildren, fi'on) low income and disadvaiitaged ba¢kgi'ound8, to attclld Kiiigs Matt'iculation School. ICWTC ha5 one orihE best schools in southei'i) Lndia and childret] can really benefit from a foi'jnal education. in English, ht this h0o1. English is oiie of two Natioiial. lai)guages in liidia and tluency in English is a passport to a succe5sfiil professional caieer. STRUCTURF., GOVERNANCEI AND MANAGEME4 NT Governiiig dorumellt The charity 15 Colltrolled by its 8oYerning document, a dee(l of trust and constitules all Unincorporated chai'ily. Pag¢ S
KtNGS WORLD TRUST FOR C IL Re ort of the'fruslees or the Year Ende 2023 The management of the Charity is the responsibility of the TNslees who are elected and co-opted under the temis of the Trust deed. The Trustees have 8dopted the following policies and proc¢dures for Ihe induction and iraining of new Th1stee5'. l. There should be no les5 than three tru5t¢¢5. 2. Pr(>speciive Trust¢C5 need to be recomtn¢nded by the ¢xi5ting Trustees and be over th¢ age of eight¢¢n and not be ineligible to act. 3. The Charity will provide sufficient training assistance to enable a TnLStee to be well infomied, conversant with current legislation, up to date with ¢vcnts affecting thc Charity and its obj¢ctives. The tTU5tees ar¢ based throughout th¢ United Kingdom. The Trustees will di5CU5s various matters through the year whi¢h affect the Charity and will wheii ne¢¢ssary hold foNnal minuted Trustees meetings. The Charity has administrator, and ses the servi¢e8 of unpaid volunteers. The founder, C Wag5taff OBE holds the role of Chaim]an and Operat10115 Dir¢ctor nd splits his time between the United Kingdom and India. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Dumber 1024872 Prlnclp81 address I Stonchill Cottage Wilsons Road Headley Down Bordon Hampshire GU35 8JE Truslee5 The trnstees who served during the year were.. Mr C Wagslaff OBE Mr S Wagstaff Mr N Wagstaff Mrs B Wagstaff Mrs S Hotchkiss Indepcndenl Examlner A & N (Hasl¢mere) Limited Aiiiiia House 2 Kings Road Haslcmere Surrey GU27 2QA COMMENCEMEf4T OF AcfIviTIES The charity was s¢t up under a deed dated 26 July 1993. Approved by order of the board of trustees on . li &J.. and signed on its behalf by: C Wagstaff OBE. Trustee Pase 6
eiident Exaiiiii)er's Ile oi'l lo the Trustees of Kiii Woi'l(I 'l'i'iist fi)i' Cliildrei) It)depeiidciit cx#niitJeJ % i'ei)oi't tu tlic ti'iistees of KiiikFS Woi'ld Ti'iist for Cliililreij I ieport lo the charily Ii-libiees on iny cxainiii<ilion of the acci)iiTrls ot. Kii)gs Wni'ld 'fi'u%l for Childi'eii (Ilie'l riist) toi. Ihe yecll. eii(led 31 May 2023. Respon5ibilitiLS and basis nf report As the chai'ity triistees of Il)e Ti'ust you are responsible for the preparation of thc accounts iii a¢coixlaiice wilh the ie(iuii'eilleiits of the Clidl-ilies Act 2011 I'the Act,). l i'epoi'l in Irspect of niy exdininalioii of the Ti'ust's accounts cai'i'sed oiil un(lei' Section 145 of the Act and in cai'iyillg Ollt my exaininalion I havc followecl all applicable Dii'eclions given l)y tlie Charily C'oininis%ion iii)dei' Sectioii 14515)(b) of the Act. Independeiit cxaminer's $191emeiit I have Lompleled my cxaininalion. l ¢onfii'in that no Inatei'ial Inatte]s Iiave come to Iny attcntion in coiinection with the exainii)atioi) giving Ine cause to believe tliat iii aiiy inclterial iespcct.. accoiinting rccords wei'e not kept iii rcspccl of the Trust as requiird by Section 130 of the Act; or the clccounts do iiot accord with those rccords; or the clccounts do not coniply with the applicable requii'eineiits coiiceJ-nii)g tl)e forin and coiiient ofaccounts set out iii the Charities (Accouiits and Repoi'l81 Rcgiilalions 2008 othcr Iliaii aiiy iequireiiient tliat Ihe (ICCOUllts give a h'ue aiid faii- view which 15 1101 a Inalter ¢oii%idci'cd as pal't of an iiidcpeiideiit exainiiiation. I have no concerns and have cojne across no otliei. malters in coniiectioi) with the examination to which attention should be di'awn iii this ieport in order to enable a pi'oper uiiclerslandiiig of thc accoiints lo be reached. Mrs Ai)ugiah Sharn)a Bsc FCA A & N {Hcislemere) Liinited Ai'una Hoiise 2 Kings Road Haslemere Sui'iey GU27 2QA Dhtc: ...... Page 7 The notes form pail of these finaiicial stateinents
KINGS WORLD TRUST r R CHII.DREN Slatcinent of fiiiaiicsal Aciiviiies foi. tl)e Year F,iided 31 Ma 2023 31.5.23 -rota] funds 31.5.22 Tol&l funds UlliEslricted fuiid Rtstricted fi]i)d Notes INCOMI,. AND CNDOWMCINI'S fiROM Donations and legacies 43,721 33,625 77.346 220,163 ri,XPENDITURE ON Raising fuiids 344 344 778 Chai'itable activities Charitable Activites Gi'ants 15,935 30,375 15,935 64,000 16,439 203,000 33,625 Total 46,654 33.62S 220,217 Nl4T IiYCOMfil{EXPENDITURE} {2,933) 12,933) 154} RECONCILIATION OF FUNDS Total ndS bi'ought forwfird 10.655 10,655 10,709 TOTAL FUNDS CARRIED FORWARD 7,722 7.722 10,655 PDgc 8 The notes forn) part of these financial statenients
ru#Avm 11.frnl 19 r AWL* Iw$ S A Wir. Yfiw4r¢
KINGS WORLD TRUST roR CFIILDREN Notes lo ilie I'inancial Slatcinenls for the Year Lnded 31 Ma 2023 ACCOUNTING POLICIE4S Bx5is of pi'tpai'iiig tlie fziianeial stk)teiiieiils Tile fiiiaiicial sldteiiieiits of the cliai'ity, which i5 a piiblic benefit etttity undLI' fRS 102, have been prepaied in accordaiice widi the Charities SORP (PRS 102) 'Accoiiiiting Reporting by Cl)ai'ities'. Stateinetit of Recoinnieiided Practice applicable to charities piepariiig tlieii. accounts iii accoi'dai)¢e with the Financial Reportingi Standard appliiable in ihe UIC an(1 Republic ot li'eland {PRS 102) (effective l J£inuary 2019),, Financial Reporling StaThd.d I02'The linai)cial Repoi'ting sta11d'd applicable ii) tlie Ull and Republic of Irela#d' aiid tl)e Charities Act 2011. The fiiiaiieial stateiiients Slave been prepaTed under the histoi'rcal cosi eonveiilion. 'ri)e Iii)ancial statemeiits hav¥ bcen pirpared iij accoi'danee with Accouiitiiig and Repartiiig by Charities., Slateinent of Recomniended Fractice app1cable to chai'ities prcpai-ing their accouiits in accoi.dancc witl) Finai)¢ial Reporting Standards applicable in the UK and Republic of Ii'eland (FRSI 02) (effective l Jaiiu£lly 20151, Chai'iiies SORP FRS102, tl)e Fii)ancial Reporting Standai'd applicable in tlie UK and liepublic of IIElaiid {FRS102). Assets and liabilities are initially I'e¢ogniscd al hEstoric cost or 112nsaction value unless othenvise stai¢d in the Itlevanl accouftling policy i)otes. Legal foi'in The Chai'ily is an unincorpoTated regi5teJed Charity defined by its govenjing document. Inconie All incoine is i'ecognised in the Statement of Fiiiai)¢ial Activities once the charity has entitlenient to the funds, it is probable that the incoine wÉll be received and the amount can be measured ieli3bly. I xpenditure Liabilities are recogiii5ed as expenditlli'e as soon as theie is a legal oi. constriictive obligativn comn)iiiing the chat'ity to that expet]ditiiiE, it is probable that a transfei. of ccoiioinic bei)efits will be requiied iii 3ettlem¢nl and (he aTnount of the obligatioii can be measui'e(I I'¢liably. Expenditu1¢ is accounted for on an accruals basi$ ¥*nd lias been cla5sifEed undei. Iieadsiigs that ggregate all tust related iu the categoiy. Where costs caiiiiot be diiectly attt'ibutcd to parliculai. l)eadiiigs tliey Iiave beei) allo¢ic ted to activities 011 & basis consistent with the use oli'esources. Graiits offered siibject to conditions which have not been met at the yeai. end date are noted ay a commitineijt but not accrued a5 expeiiditure. Govei'iiaiiee eosts Goven)ance costs comprise all cost5 i1ivolviiig the public accountability of tl)e Charity and its complianc¢ with regulations and good piaetice. fhese costs include costs related to the independenl examination, logal fees and any appi'opi'iale appoitionment of ovei'heads. Taxatioii Tlie Charity is extnipt f¥oin tax on its chai'itable activities. Fund aeeountin General fvnds are unresÉrscted funds whicl) al'e gtvailable for use at the discretion of the Trustees in fuitherance or the gei)eral objectives of the Charity at)d which have not been designated foi. othei. purposes. Restricted fi]nds are funds which are to be used iii accoi'dance wilh specific restrictions imposed by doiioi's wl)ich have been Ixi5ed by the Chai'ity for particular putyoses. The cost of I"aising and adtninisle¥ing siich fund5 air chai'ged inst the ypccific fund. The aiin and use of each restricted fund is sel out in Ihe notes to the fiiiancial statements. AT)y invesiiment income, gains or losses are allocated to the appi'opriate fund. Pgge 10
IctNGS WORLD TRUS'I. FOR C'141LDREN Noles to tlie Fiiiaiicial Stateiiieiits coi)tiniied for the Yeai. Lnded 31 Ma 2023 ACCOUNT'ING I'OLICIES- coiitinucd Fuiid accoiintÈiig Designated fi]nds al'e funds set aside by the Ti'ustee5 Out of Beiiei'al I'e5erves foi. tt particulai. puipose. The aiin and use of eacli desigtialed fuiid is set out in tlie iiotes to tlie finatjcial ststeiiients. The Trustcts will rLview the lunds on an tsngaitig ba%1%. At the conclu.£ioi) of tlic pui'i)o.%c foi. thc lund any exccs8 i'eiiiainiiig fuiids will be traiisfen'ed back iiito gciieial fuiids. If a sl)oi'tfall ai'iscs Ihc'fi'ustees will coiisidei. whetlier aiiy additlODal genei'HI funds should be ti'aiisfei'ird t(Tr designated funds. Any iiivestinent income, gains 01. losses al'e allocated to the approi)riate fi]nd. Foreigii eui-i'encies Monclai'y assets and lial)ilities iii foi'eign cui'ien¢ie5 are tlonslated into stel.ling at the rate of ex¢haiige ruling at the dat¢ of ti-ansaction. Exchange va¥ianc¢s al'e takeii ii)to accouilt in ai'riving at tlie opei'&ting result. CritTcal accoiiiiting estimate5 and judgeinents In th¢ applicatioii ofthe charity's accountingpolicies, the ti'ustees n)ay be required to malce assuiiiptioiis, esliTnates and judgen)cnts about the caii'yii)g values of assets and liabilities that al'e not readily appai'ent fi'oin otliei. suuires. These are based 011 pi'evious exi)ei'i¢nce and othffl. faclors tliat al'e ¢oi)sidei'ed by the ti'ustees to be relevant. Ultimately, actual I'esults may differ fi.oni these ¢stiinates. Any such estiinates aiid assuinptions are subject to Itview on an on&>oing basis. Revisions to accliunling esiiinates ale I¢EnISed iii the pei'iod iii which tlie revision takes place where the revision affects oiily thEJtpei'iod, or in the period of the revision and any futt]i'¢ pei'iods whei'e tlie I'evisiol) affetts both cuir¢iii ai)d rtUre riOdS. TRU.STEI ES, REI MUNERATION AND BENEFITS Thei'e weiE no trustees, i'eniuneration or othei. benefits foi. the yeai. ended 31 May 2023 noi. for the year elided 31 May 2022. Trustees expeijses Theie were no trustees, expenses p2id for the year ended 31 May 2023 nor foi. the yeai. ended 31 May 2022. COMPAIIATIVES VOR I'HE STATEMF.NT OF filNANCIAL ACTIVITIES Unresli'icted ftind Resti'icted fund Total fiinds INCOME AND CI NDOWMENTS FROM Doiiations and legacies 183,258 220 163 IXPENDITURC ON Raising funds 778 778 Cli&ritable xttivities Chai'itable Activites Giants 16,439 166,095 16,439 203,000 36,905 Total 183,312 36,905 220,217 NET INCOMEI(EXPENDITUIIE) (54) (54) RCC'ONCILIATION OF FUNDS Toial funds brought foiward 10,709 10,709 TOTAL FUNDS CARRIF.D FORWARD 10,655 10.655 PAg¢ 11
KING8 WORLD TRUST E,'OII CFIILDRBN Nol¢s lo tlic Financial Slc1ttJiienls- coiititiiied foi. the Yeai. F.ii(IL(131 Ma 2023 DEBT(IIIS'. AMOUNTS FALLENG DUE WITHIN ONE YEIAR 31.5.23 31.5.22 Oihei. dcl)tllrs 1,674 934 CRfiDITOIIS: AMOUNTS fiALLIINC DUE WITHIN ONf. YC4AII 31.5.23 31.5.22 Othej. ct'editoi 1,900 1,900 MOVKMIINT IN FUNDS Net Inovcinei)t ii) ndS At 31.5,23 At 1.6.22 Unrestricted fuiids Jeneral fund 10,655 (2,933) 7,722 TOTAL fiUNDS 10,655 {2,933) 7,722 Net movemei)t in funds, included in tlie above are as follows= In¢oining resourccs Resources expeiided Moveinent in funds Uiiresti'icted funds GEnei'al fuiid 43,721 (46.654) (2,933) Restricted funds Rests'icted 33,625 (33,625) TOTAL FUNDS 77,346 80,279) (2,933) Comparat&ves for movement iii fvnds Net movemellt in funds At 31.5.22 At 1.6.21 Unresti'ictcd lun(Is General 1)d 10,709 (54) 10,655 TOTAL FUNDS 10,709 54) 10.655 Pao¢ 12 contiiiued...
KINGS WORLD TRUSI, FOR CHILDREN Ngles lo thc finaiiLial %tatciiici)t8- contiiiued foi. the Yeai. r.nded 31 Ma 2023 MOVEMENT IN FUNDS- coiitiiiiieil Compai'ative iiet ii)ovvineiit iii fiii)ds, iii¢liided iii the above are as follows.. Incoming IESOUI¢¢S Resoiirces exi)ended Move2nenl in fiinds Unrestricted funds GeneTal fuiid 183,258 (183,312} (54) Restrieted fiinds- Restrict¢d l-,und (36,905) TOTAL FUNDS 220,163 220,217) 54) A ¢L)tYei)t ycar 12 Imoiiths and pi'ioi. year 12 nionths coinbined position is as follows= Net Iiiovement ill funds At 1.6.21 31..5.23 Unrestricted fiin(Is Gei)eral fund 10,709 12,987) 7,722 'roTAI. FUNDS 10.709 12.987) 7.722 A Cu01 yeai. 12 n)oE)th$ aiid prioi'yeai'12 Months ¢ombiiied net movement in funds, included in the above are as follows: Incoming I'esources ResouiLes expended Movement in funds Unresti'icted funds Geiicral fuiid 226,979 (229,966) {2,987) Restrieted funds Resti'icted Fuiid 70.530 170,530) TOTAL FUNDS 297,509 {300,496) {2,987) PH8c 13 continued...