REGISTERED COMPANY NUMBER.. 02895760 IEngland and Walosl REGISTERED CHARtrY NUMBER.. 1040487 Trusle•s' Rèport and Flnanclal Statornents for tho Year Ended 30 Juno 2023 THE CHARtriES ADVISORY TRUST THE cHAR￿lEs ADWSORY TRUST Contents of the Financial Statements for the Year Ended 30 June 2023 Pagè R8ferenco and Admlnlstratlve D•tail• Trust•e8' Report 2 to 6 Roport of tho Ind•pond•nt Audltorn Stat•mont ol Flnanclal Acllvltlos 10 8alan¢• Sh••t Ca•h Flow Statemgnt 12 Nots8 to the Cash Flow Ststom•nt 13 Noto# to thè Flnanelal Staiom•nts 14 to 30 Dotallod Statgm?nt ol Flnan¢lal A¢tfvltlo• 31 to 32 THE cHAR￿lEs ADWSORY TRUST Reference and Administrative Oetai18 for the Year Ended 30 June 2023 TRUSTEES D Russdl Ms L M Ma¢tavish Ms R Lhjnn COMPANY SECRETARY Dame H S 8 Blume REGISTERED OFFICE Radiu5 Works Back Lang Hampsl8ad London NW3 1HL REGISTERED COMPANY NUMBER 02895760 IEThJlaThJ and Wal861 REGISTERED CHARtrY NUMBER 1040487 INDEPENDENT AUDITORS Kno¥ Cropper LLP Chartered A¢e(yJntants and Stsiulory Auditors 65 Leadenhall Str London EC3A 2AD Page 1 THE cHAR￿lEs ADVJSORY TRUST IREGJSTERED NUMBER.. 028957601 Trustees. Report for the Year Ended 30 June 2023 The truste88 who are 81so dir8Ctors of the charityfor Ihe purrKxes of the Compani88 Act 2006, pr888ntth8ir report with the financial statements of the chanty for the year endeil 30 June 2023. The trusle8s have adopted th8 prowsions of Accounting and Reporting by Charities." Stalement of RecA)mMe￿ed Practi￿ applicabse lo charities preparing their account5 in accordance with the FThncial Rewling SiaThJard applKable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTMTIES ObiÉetlVÉ8 and alms The Charity's main objeelives were to conb.nue to plan the transiticffi from income dependency on Card ￿lj to other 11 To rnaintsin the Good Gifts Catskngue.. 21 To ￿pond to the organic growth of Knii for Peace,. 31 To rgCQgnis¢ the ne¢d to draw on ￿er¥￿¥ tQ SUFPWt thg ChariVs objeth'vgs 41 To dèvlse ino)me generat￿ schemes lo lund Knil lor Peace on a sUslainab￿ basis", 51 To promoie thè hèalth bèn8ffts of knIt￿n0'. Publlc b¢n•fit The area ol benefit is wd8, Consistent wrth Ihe charivs objects. The promotion of religion is not supported, and ITh general Ihe priority is lo provide help lo the poor (w disadvantaged. except where, for example with tree planting, thèr8 is general bènafil 10 tha eommunity. Our supwort for art projeds is largaly to provida access to tha arts for tho$¢ under 18. Support lor mgdkal r￿0￿h tsk¢ 05 PQtonbalty bgn¢fitting all Sec￿on$ of the ￿rnMunhy. Grantmaklng Most ol our grant making Ss Ihwugh IL*)ds raised through the Good Grfts CatAbgue. Applicafjons lor fundlng for individuals arè r8rèly. if èvèr, sueeèssful. Wa woth with charitias with ￿ w8 havè dèVèlo￿d 8 programm8 10 deliver the ouieom•s wt saèk. Page 2 THE cHAR￿lEs ADVJSORY TRUST IREGJSTERED NUMBER.. 028957601 Trustees. Report for the Year Ended 30 June 2023 ACHIEVEMENT AND PERFORMANCE A¢tivltles. achlevtrments and perfom)an The e¢onomi¢ Climate continues to make everycw caulious about Sp￿j1￿) aThJ this impacts on giving to all charities. The difficult economic conditions made belt-tightenitNJ es5enlial. Card Ak For over 40 years the Twst has produ¢ed and markeied charity Chrislmas cards. Our Annual Scrooge Awards led lo Incrèased revènue In fa¢t generating millKin$ of pwnds for ¢harrty. The de¢ling in ￿r¢ sènding seems to us Inexorab￿. The high eosl ol poslage. tbe unreliabilty of the mail. the ease of sending e-cards or. lor the young, text messages., all conts'nue lo erode the rn8rket. We ihereftjre produced no new cards, and rnarketed existing Slock. Sales dropped fr¢)m £3.827 10 £278. Good Gifts Calabgue For Gty)d Gifts. we not￿ed people conb.nued lo buy *ss expensive gifts aThJ spent less overall. Knlt fgr Pg8¢¢ Knit for Peace is a major part of the Trusfs work. 11 has grown in ￿sponSe to the demands of both knitters and those needing warm cloihes. and we are prtsJd ol our ab.lity lo wspond lo these real needs. A major part of the work is distributing the donaled knilbng. We have ov8r40.000 volunte8rs in the UK donating th8ir knitting to those In n8èd. We held a very successful holiday in Mysore in January 2023. Parbripan¢s who trad begn on the hdid8y before were delighted lo ￿tUrn lo the Green Hotel posl Ihe cowd pandemic which forced cbsure of the hotel and prevented visits in the p￿VIouS Iwo years. We wew honoured to be ¢hwn as thg thanty of ihe ￿Or by People'5 Frlend Magazine, whi¢h brought Knlt for Peace lo a wider audience. We woukj Ilk6 to ex[￿$ our thanks to ouiwondarful vdunte8rs wtho ara worth their We￿h¢ in gold. Tribute should bè P8KJ to thè staff. who had to tak• on a much h•aviar woth bad to meat thè suee•ss ol Knit lor P88U. Fundraisir@ Policy Dunng the year. Charrties Advisory Trust d*Y make use of any ¢￿utt0nts or extem81 professlonals to undertake its fundraising actmties. Additionally, no ¢Jata was shared or sokj to, any èxternal agencies. We did not undertake dir8Ct rnail shots, $8n 1306,4131 139,476 1166,9371 1222,4721 Transfers between funds 19 Not mov•m•nt In lunds 1155,7261 111.2111 1166,9371 1222.4721 RECONCILIATION OF FUNDS Total funds brought forward 2.121.191 674.945 2.796.136 3.018,608 TOTAL FUNDS CARRIED FORWARD I,￿5,465 663,734 2,629,199 2,796.136 The Th)tes partofthese finanual statements Page 10 THE CHAR ￿lEs ADVJSORY TRUST IREGJSTERED NUMBER.. 028957601 Balance Sheet 30 June 2023 2023 2022 Notes FIXEO ASSETS Tangible assets Inveslrnenls 12 13 48.160 1 861 031 65.405 1827.002 1.909.191 1.892.407 CURRENT ASSETS Debtors Cash 8t bank and in hand 14 348,524 415422 294.841 712.123 763,946 1.006.964 CREDITORS Arnounts falling due within ong year 15 143.9381 1103,2351 NET CURRENT ASSETS 903.729 TOTAL ASSETS Less CURRENT LIABILITIES 2,629,199 2.796.138 NET AsseTS FUNDS Unreslncled funds Resiricied lunés 19 1,965,464 2,121,191 674,945 TOTAL FUNDS 2 629 199 2,796,136 The$¢ financi81 $tslemgnl$ ha￿ begn prepared in accrydance wth tho provisions applicable to ¢hari18ble cornpanles subjeth ¢0 the small companies wime. The financial statements were approved by Ihe Board of Twslees and authonsed for issue on 26th March 20Z4 . al￿ were its behaw by.. D Ru85811- Trusts8 The Th)tes partofthese finanual statements Page 11 THE cHAR￿lEs ADWSORY TRUST Cash Flow Statement for the Year Ended 30 June 2023 2023 2022 Note$ Cash flows from operallng actlvltles Cash generated frorn operats'ons 1310,6571 199,1381 Net cash used in operating ath'vib8S 99.1381 Cash flows from Inv88tlng actlvttl•8 Purchase of tangible fixed assets Purchase ol fixed asset investments Sala ol langl￿e fixsd assèts Inl8r8sI rec8iV8d 15491 175,8501 1400.0001 4.250 10.737 Net cash provkled byllused In) investsrvJ aclfvitss 4es.1131 Chan0• In cash and cash 0gulval•nts In the roportlng porlo Cash and ea$h •qulvalènt# at th• beginning of the reportlng period 1296,7011 1584.2511 712 123 1 276 374 Cash and ea8h •qulval•nt• •t •nd of th• r•portlng p•rlod 415422 712.123 The Th)tes partofthese finanual statements Page 12 THE cHAR￿lEs ADWSORY TRUST Notes to the Cash Flow Statement for the Year Ended 30 June 2023 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net expenditure for tho reporting ￿riod las porthe Statefflent of Financial Activities) Adjustments for. Depreciation charges (Gain)￿OSseS on Investments Profil on disposal ol fixed assets Interest received Iln¢rgas9Vde¢rease in debtors De¢￿ase In ¢r8dilors 1166,9371 1222,4721 17.794 134.0281 17.650 168.881 14,2501 110,7371 69.833 126.544 114,5051 153,6831 S9,297 Net c88h used In op8ratlon8 310657 99.1381 ANALYSIS OF CHANGES IN NET FUNOS At 1.7.22 C8sh flow At 30.6.23 N•t ¢a•h C8sh 01 bank and in harKJ 712 123 415422 Total 712 123 415422 The Th)tes partofthese finanual statements Page 13 THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements for the Year Ended 30 June 2023 ACCOUNTING POLICIES Bas18 of preparing th• financial stsiements The financial slatemenls of the ¢haritsble Company. which is a publ￿ benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021'Accounling and Reporling by Charilie5". Stalelnent of Recornmended PractKe applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard ap ￿l￿9ble in the UK and Republic of Ireland IFRS 102118ffectiV8 1 January 20191,. Financaal RerM)rbng Standard 102'The Finan(aal RerM)rting Standard applicable in the UK and R&puNic of Ireland. and the Companies Acl 2(Y)6. The finan¢ial staiements have been prepared under the historical cost convention. with Ihe ex￿p1￿ ol investments wh￿h are induded al markel value. as modified by the revaluation ol certain assets. The Finan¢Aal Ststements are presented in pound stsding. The Trustees cornsi¢Jer that lhe￿ a￿ no mat￿181 uThxrtaintes about Ihe Trust's ability to ￿ntinUe as a going coneam. Consolidallon As explained in Note 21 the Charity has a gJbsHYiary in Itvjia. Gmnway Hotels Private Limiled. Under Indian law assets of tho subsvjiary are not ￿Milied lo b6 repalriaied to Ihe UK and this substantially hindtrs thè 8x8rcisè ol control by Ihè Charity ovèr the subskjiary's assèis. Thè Ch8rfly Ihèrolorè doès not prepare group accounts. The subsKJiary is regarded by the Chariws Truste8s as an independent project and il is administered by a separate board ol directws. all Indkgn nabonals excep¢for the Charity's Director. Incom• All incoming rèsourcés ar8 shovm nèt ol VAT whère applie8b￿. Donatèd 9L¥)d9 for salè aw racOgnis￿ in the Slaternenl of Finan¢ial A¢livitie$ as they sohj. Don8t¢d $?rvi¢es are only rewgnised to the extgnt that they are material and reasonabty quanlifiable and measurable.. in particular non-professional services from volunteers are nol rec(x)nised. Ml tradiThJ adw11￿$ are underiaken in furtheran￿ ol the Charlly objects, including hSSiSling other eharilies wilh thair fundraising through raising their wofilè through tha Card and Good Grfls seh•mes. Training incomè is r8eognis*d in the pèriod in which tha training èvènt took place., whert ineome for a training èvènl is received pr*)r to thè event taking place, the income is deferred to Ihe correct financial ￿riOd. Income lax recoverable in relation io investment income or Gift Aid donations Is re￿nised at the bme the relevant mcome Is rece￿a￿e. Expendltur• All expendilur8 is 8ccoun18d for gros5, and wh8n incurr8d. Oirect Charitab￿ 8XP8nditure includ8S th8 direct costs of charitabb activities and depreciation on relaled ass8ts. Wher8 such costs relate to more than one functional Cosl ¢alegory. they have been split on an eslimaled time basis for the stsff concerned. Support costs compnse those costs Incurred ¢erntrally in supp)rt of the Charitys aclivities. in¢luding Governance costs. and h8v8 b8on appOrt￿ned toadiwtias in prO￿rtIon to the total costs olthosè activities. Govérnanea costs are those associat8d wilh meeting th8 con$tilubonal aThl statutory r8quirernents of the Charity and its strategic managernent. Grants payable are charged In the year when Ihe offer is made except In those cases where the offer Is conditvjnal. such grant5 being recognised as expenditurewhen the condilions attaching are fulfilled. Grants offered subj8Ct to condib'ons whKh hav8 rK)t been met al Ihe year-erKI are not8d a5 a commitment, but not a(xrued as expenditure. Pffje 14 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 ACCOUNTING POLICIES-continued Tanglble flxed assets and depreclallon Individual fixed assets cosbng tnore than £500 are cawtaI5ed at cosL Tanglble fixed assets and depreclatlon Oepreciation Is provided on all tangible fixed assets at rates cakulaied to write off the cost on a straight- line basis over their exp8¢18d useful eC0Th)m￿ lives as fdk)ws.' Fumlture and equipmwt Motor vehicles 5 to 6 years 5t0 10years Taxatlon The charity is exempl from cLJrporabty) on ils charilab* acb"vilies. Fund a¢¢ountlng The General fund Comprises unr8slricl8d funds which are available for use at th8 discrebon of the Trustees in furtherance ol the general ot4ects ol the Charily and which have not been ¢Jesignated for other purposes. D•slgn81*d funds Corn￿$• unmstrsctsd funds that hav• bèan $•1 8sld• by thè Tfusi••s for partlcular purposes. The airn and use of eath designated fund. and lh8 basis of tran51ers to or from Ih8rn, are 58t out in Note 19. Reslricted funds a￿ funds which are lo be used in accordancewilh specift ￿$trictIOnS imposed by donors or whith havè t)èan raised by thè Charity lor particular purposes. Thè cost of raising and 8dministering such funds are Charg￿ ag8ins1 th? lund. Th? aim and use of restrided fund 18 ￿t out In th? noles to the financial statements. For•lgn curr•n¢l•• Asstis and liabili￿.•9 in for8￿n eurnènc￿s arè tr8nsl8t*d into stèrfing 81 thè r8tès of èxch8ng$ ruling 81 tha balance shtel dalè. Transaeiions in lotswJn eurrénciès arè Iran$latèd into st8rfing at tha rate of exchangè ruling a¢ the dale ol tr8n8arti￿. Ex¢hangg dfflerer￿eS are taken into account in arriving at the net Incornellexpenditurel. P•n81on costs The Charity has hi5toricalty operated a defin8d contribulK)n pen5K)n 5ch8m8 the 85sels of which ar8 held separately from those of the Charity in independenlty administered ftJThds chosen by individual staff. For eligible 8laff, contnbutions payabk for the year are charged in the Statement of Finan¢ial Activities. Since Apri12016, The Charity has enrolled all newstaff in Nesysdefined (x)n¢n"bu¢KJn w0￿p1ace Pension Scheme. FlnancSal Instruments The charity only has finanrAal assets liabilities ol a kind that qualfy as basic financial instruments. These are initialty re￿nISed at Ir￿s8¢1￿)n Wa￿e aid subseouenlly vakned at their settlement value. Judgements and k•y Sources of •5tlrnatlon uncortainty Judgem8n15 and k8y 50urce5 of 8sb"rnabon uncertainty ar8 detsI￿d in th& abov8 aC￿Unting polici8s wher8 appli&qble. Pffje15 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 DONATIONS ANO LEGACIES 2023 2022 Charity Oirect donation5 Good Gift5 donatlOn5- grfts GcM)d Gifts other income Knil for Peace 80,773 294.704 59.574 19.062 65,094 387,988 68,808 115.212 637.102 Th8 Good Grfts sch8m8 encourwJ8s donat￿n5 10 8 Se￿ctIon of 5p8crf￿ charitable purposes ¢J8scribed ITh a ca181ogue. The donor 15 ako encouraged to make a Grft Aid ded8ration and donat8 this Gift Aid tOW8rds the scheme's wnning costs. The r85Utbng income is th8 rnain cornponent of the G￿d Grfts other ineorng shown above. The donc￿ ￿c8￿e$ IiteralJre associated with the donation for which they are charged posiage and packaging. Although this schem8 generales a significant amountolvoluntary Income all costs of administering the 5cherne are Induded as part ol the cost ol Charitable activitie5. Detai15 of grants given under the scheme are shown in Ngtg 6. INVESTMENT INCOME 2023 2022 Dfvléands Bank intere31 recelv8lAg 12,053 10,595 142 10.737 INCOME FROM CHARITABLE ACTMTIES 2023 2022 Tumover Tumov8f purchased goods donated gcx)ds Olher Total activities Total activities Ineoming rèstyjreès from charitable actNiti$$ 7.665 33.740 Details of the Good Grfts Stheme are given in Note 19. Donated Cards art sdd through the Charity's websites. The object of the Card Aid initiative is to maximlse the arnount going to charity Irom the sale of Chrislrnas cards. All ¢Jonated cards are sold in aid of a particular b8neficiary charty or class of chaiilies and the &m￿nI paid to the chariti8S is C81cuL4ted a5 a p8rcenlag8 of Ihe sale proceed5. This amount of the sale proceeds is shown atKJve as restricted incorne. Pffje16 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 CHARITABLE ACTivmES COSTS Grant funding of aclivitEs (see note 61 Support IX151s15ee note 71 Dir8Ct Costs To18ts G(￿ Gifts UK Disaster Relief Advi50ry Service Dirgct awards prcyjramrne Card Aid Peace projects Other 119.232 1,749 2.623 3.061 2.623 137.334 1,054 6.562 1.313 298.$03 $0.042 551 1.145 1.337 1.14S 54,431 21,392 3,077 573 4fj7,777 2,300 3,768 44.122 3,768 191,765 22,446 9,639 39.724 PrO1￿t Devgbpmgnt 338 227 133693 747 471 Oelails ol Support costs and GovwTranc6 cthts are in Nole 7. UK Dlsastèr Rèlièf IUKDRI is on inlliativè ol th• Charity aimèd at rAislng funds for pr8etkal 8ssistAneè in the event of a UK ¢Yisa$ter. It has been e8tsblished as a separate Charitab￿ company, reglslered charity number 1136164 and regislereil company number 07104828. The costs included above relate lo an allocation of staff costs. repwesenliThJ lime spent by Chanty slaff on UKDR affalrs. Direct Costs lor Card Aid, Training. GOLYJ Grfis, Pt8e8 Projtets and thè D*•ct awards progr8mrnè, Ineludè 9rants payable which are detsijed in Note 6. GRANTS PAYA8LE 2023 2022 GcM)d Gifts Oirect awards rwramme 298.503 339,456 338,227 354.976 GoDd Gttt5 payrnents Telate to donat￿￿$ by ind￿NIUs1$ and tY)Mpan￿ passed on to goDd c8U5es chosen by them from a c8talogu8 (see Nol8 19 for rnore delailsl. Payments are rnade iwice yeady. The amoun¢ shown as Direct awards Fryramme represents fvnds dona¢ed by indivKJuals paid lo charities of their choi￿ (see Note 191. All grants w8rg mad8 to instriutN)n5. Pffje17 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 SUPPORT COSTS (>)veman¢e costs Totals GcYJd Gift5 UK Disaster Relief Advisory Servic8 Diract awards programme Card Aid Peace projects Other IT Project Devek)pment 47,347 510 1.083 1.265 1,083 51,500 20,240 2.923 2.695 41 62 72 50,042 551 1,145 1,337 1,145 54,431 21.392 3,077 573 2.931 1.152 154 31 126493 133 693 Support costs have been 8PPOrtw¢d to 8CtivNi¢$ proporbon8t?ly to Staff on thos¢ ￿livI1￿a$. NET INCOMEIIEXPENDITUREI Nèi irnCCmellèxwndrtur•l is slated after charginWlcre(litingl". 2023 2022 Aurjitors, remtsneration Depreeiaiion . owned assets Surplus on dlsptss81 offix8d a￿ts 7,200 17,794 6.550 17,650 4,2501 TRUSTEES. REMUNERATION AND BENEFITS The￿ were no truslees. ￿MUneral￿ or other benefits for the year ended 30 June 2023 nor f¢x the year 8nded 30 June 2022. Tru51e85' •xpen5es There were no Injslees. expenses PaKI r(x Ihe year en¢Jed 30 June 2023 nor for the year ended 30 June 2022. Pffje18 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 10. STAFF COSTS 2022 2021 W8ge5 and s8lari8s Social security costs Other pension costs 221.909 28.386 4.997 226,279 18,949 25.099 255.292 270.327 Th8 8ver8ge number ol empby8es during th8 year wa5 712022.. 61. The average Week￿ number of empbyees, ¢8lrJJl8led as lull lime gquivaknb, during the Pgriod was.. 2023 2022 Card Aid IT G¢xMY Gifts Direct Aid Advisory & Ethics Peace projec¢s Project Devebpment UK Disaster Relief Support and govèmarte 0.06 0.13 0.01 1.91 0.06 0.03 2.73 0.07 0.06 2.02 0.03 0.04 0.96 0.03 0.73 The salary of Ihe Dlrector arnwnted to £78,4CKJ for the ye¥12022 - £78,4001. In additlon she was due pension contributs'ons amounting lo £19.60012022- £19.6001. Two employee5 received total 8molumenls, exduditvJ empknyer pension conlribulior15, in 8xc8S5 01 £60,000. ont within tha band t70.000- £80.000 and onè within thè band £￿.000-£100.0D0. Pension costs repwent contributicffis payabk by Ihe Charity for elgibb Slaff to ftJnd$ chosen by the indfviduals ¢akuk21ed. for most staff. al 6% of annual Sa￿ries. The Chanty has no commitments beyond these regular contributxjns. AJI olher staff are enrolled in NEsfs defined contribution scherne. Pffje19 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Un￿$￿¢ted nds Restricled funds Total funds INCOME ANO ENDOWMENTS FROM Donations and legacies 637,102 637,102 Charltobl• a¢ts"vtti*$ Tumover Irom purchased gocxjs Tumover Irorn donated goods Other income 1.181 15.850 31.427 13,940 15.121 15.850 31,427 Invesimenl income Other income 10.736 4.250 10.737 4.250 Total 714.487 EXPENDITURE ON Charltable activltles Gooo Gifts UK Disaster Relief Advlsory Servic8 Diroct awards prc*3ramrnè Card Aid Peace prolecls Other 505,454 505.454 1.014 1.539 18.586 258 180.098 19.129 37.750 1.014 1.539 3,066 15,520 258 177,112 2.986 19.129 3T.750 Totol 763 828 Net gainsllloss•$l on invèsbn$nts 173.131 173 131 NET INCOhlEIIEXPENDThUREI 1175.1711 31.1951 147.3011 1222.4721 Tr8nsfer5 betwoen lunds N•t movement In funds 12t%,3661 116,1061 1222,4721 RECONCILIATION OF FUNOS Totsl funds broughi lorward 2.327.559 691,049 3,018,608 TOTAL FUNDS CARRIED FORWARD 2.121.193 e74.943 2,796.136 Pffje 20 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 12. TANGIBLE FIXED ASSETS Fixtures and fitlings Motor vehicle5 Totals COST At 1 July 2022 Additions Disposals 179.693 24.524 204,217 At 30 Jun8 2023 180.242 17.225 197467 DEPRECIATION At 1 July 2022 Charge for year Eliminated on disposal 127,630 14.$43 138,812 17.794 7.2991 3.251 7.2991 AI 30 Juna 2023 142 173 149 307 NET BOOK VALUE AI 30 June 2023 10,091 At 30 June 2022 52,063 13,342 65.405 13. FIXED ASSET INVESTMENTS Llsted Investments MARKET VALUE Al 1 July 2022 Net invèstment gainlllossl 1,827.002 At 30 Jur￿ 2023 1861031 NET BOOK VALUE At 30 June 2023 1 B61 031 At 30 June 2022 1827 002 There were rKJ inve$In￿nI assets crtrtgde Ihe UIQ The historical cost ol investrnents as 41 the year-end was £1,607,73212021.. £1,207,732). The inve51rnents indude a 5harehokliro in Standard Lrfe a y8ar end value of £4,17712021.. £7,081). Other invesln*nts o)mpnse of tsnil trusts. Pffje21 ntinued... THE cHAR￿lEs ADVISORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 14. DEBTORS: AMOUNTS FALLING DUE VIITHIN ONE YEAR 2023 2022 Trade debtor5 Due from Chri5trn85 Card Sch8m Limited Gift Aid lax re(x)verabl8 VAT Prepayments 80,224 50.405 27 207.575 13.885 22.949 239.929 4.989 348.524 294.841 15. CREOITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditor5 Soci218ecurity and other taxes Other creditors Accruals Deferred Iralning irKom6 (Noie 161 6.929 4,231 9.325 22.808 12,817 3,260 9,488 77,025 103.235 Deferred Ineom• Deferred training income, representiThJ fees recewed in Ihe year for courses, for the folowinG year, eompnses the folowing., 2023 2022 Balancè at 1 Juty 2022 Add.. Deferred training 1￿Corn8 arising in th8 ye8r Lass.. Rdeas$d in tha y88r 8818ncè at 30 Junè 2023 68,418 645 68.148 645 645 Pffje 22 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 17. LEASING AGREEMENTS 2023 53,272 2022 53,000 Within 1 Y88r 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Total tund$ 2022 Total fuThds Unreslncled fvnds Reslric18d fuThds Fixed assets Investm8nls Currenl as56ls 48,160 1,839,702 125,562 48,180 1.861,031 763,946 65,405 1,827,002 1,006.964 103 2351 21,329 838,384 25 9781 1.965.464 663 735 2.796.136 Pffje 23 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 19. MOVEMENT IN FUNDS Net movement in fur¥J5 Transfers between funds At 30.6.23 At 1.7.22 Unrestrlcted funds General fund Working Capital Property Flexible endowment Revaluation reserve Ethics of Chanlable Giving GcM)d Gifts Monitoring Computer and IT Upgrarje Publications Knil for Peaco Middl¢ East Knit for Peace Working Caprtal Knilling as Team Building for Compan￿$ 49.958 200.000 103,000 1.150.000 201.833 2S.000 23.400 20,000 25.000 60,000 203.000 60,000 1340.4431 330.687 40.202 200.000 45,000 1,078,000 235.862 158,0001 172.0001 34.029 125.0001 23,400 20,000 125,0001 60.000 203,000 2.121.191 1306,4141 150.687 1,965,4fj4 R¢strScted funds Card Aid Charity Direct GcM)d Gifts- charftable gifts Good Gifts- running ¢osl$ Knit for pgace 127.902 190,333 356,710 278 41.049 13.7991 62,611 12781 127,902 231,382 304,451 148,4601 162.6111 139477 663 735 TOTAL FUNDS 2629 199 Pffje 24 ntinued... THE cHAR￿lEs ADVISORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 19. MOVEMENT IN FUNDS- continued Nèl movement in lur¥Js. included in the aL*)ve as follcv•ts." In(y)ming r8sources G8in8 8nd losses Movem8rit in funds expended unrestr1ct￿ funds General fund Revaluation reserve 51,498 1391,9411 1340,4431 34,029 34.028 51,WJ9 1391,9411 34,028 1306,4141 R•sirletsd lund$ Card Aid Charity Oireet Good Gifts- charitabl8 9ifts GCKMY Gifts- running costs Knit lor peac• 278 80,773 294.704 67,239 52,013 278 41,049 13.7991 62,611 139,7241 1298.5031 14.6281 12 6751 355 530 139477 TOTAL FUNDS 546.506 747 4711 166 9371 Pffje 25 ntinued... THE cHAR￿lEs ADVISORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 19. MOVEMENT IN FUNDS- continued ComparaUve$ for movement In funds Net movement futKis Tran5fer5 between funds At 30.6.22 At 1.721 Unrestrleted lunds General fund Working capital Property Flexible èndowment Revaluation reserve Ethics of Charitable Giving Good Gift5 Monitoring Computer and IT Upgrade Publications Knil lor Peace Middle Easi Knii for P8aeè Working C8WI Knitting as T8am 8uildiThJ for Componvas 83.195 2(A),000 103.0(K) 730.000 374.964 395.000 23.400 70.0(KI 25.000 60.000 203.0￿) 60.000 12,0421 131,1951 49.958 200,000 103,000 1.150.000 201.833 25.000 23,400 20,000 25.000 60.000 203.000 420.0 1173.1311 1370,0001 1S0,0(X)I 2.327.$59 1175.173 31,19SI 2,121.191 R•81rletsd lunds Card Aid Charity Oirect GcK¥J Gifts- charitable gifts G¢xMY Gifts- runnlng Costs Knil for peace 128.319 141,644 373.127 12561 49.574 48.631 197.2891 127,902 190,333 356,710 18851 165,0481 97,289 691.049 47.299 31.195 674.945 TOTAL FUNDS 3 018.608 222 4721 2 796 136 Pffje 26 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 19. MOVEMENT IN FUNOS- contlnued Comparative n81 nJ)vement in funds. #Kluded in the above are as foll)ws: Incoming rgsources Re50ur expended Gains and Ios5e$ Movement in funds Unr•$lrl¢t¢d funds General fund Revaluation reserve 63,444 165,4861 12,0421 173.1311 173 1311 165.4861 1173,1311 1175,1731 R•$trl¢t•d lunds Carrj Aid Charity Oirect Good Gifts- eharilabl& gifts Good Gifts- running costs Knit for p8a 12581 115.5201 1339.3561 1166,0961 177.1121 12561 49,574 48.631 197.2891 47.9591 65.094 387.987 68.807 129.153 698.342 TOTAL FUNDS 714.487 763.8281 173,1311 222.4721 The Direclorfs hope lo set asKle time to wrile a guwje on the Ethics of charitab￿ giving. is unlikely to be r8alised because of pressure of woth. Good Gift5 rnonitorirg- a prOvis￿n for travel costs to rnonitor proi8Ctslgrants. The sum of £20,000 has been designated for fulure ccxnputer and IT and websit8 upgrades. Pub￿atI￿s- Due to changes In cwcumslances aThJ rlsiThJ cthts our publlcab.on plans have been set aslde. Knit for Peace in the Middle East was launched in Der£mber 2018. The 8urn of £60,000 has been sel aside for planned expansion into Jordan 8nd the West Bank. A visit lo the'Knil 8 Communily Conventions In Israel was cancelled due toll health. Th8 Charity has working capital requirernenls. Howevgr, wih an adjust•d focus on Knit for P08¢8, tha workirvJ caprtal fund has been reduced in rec8nl years. Property- Repairs to Ihe roof have been carried out and 8 r*w Sky I￿h¢ has been instsI￿d. Following the flood damage at Radius WoTks the insU￿r$ a￿￿e￿ to ￿pair the drains. and to re-carpel and re-decorate th8 9round Iloor. W8 have adjusted th8 re58wves accordingty. We stsll Intend to r8-ti18 th8 ￿￿￿nstairS toileL In 2002, the Trustees decided lo establish a F￿Xible endowment fund to enable grants to be made when suitable projects carne to their atternt￿n. In 2010, the F￿XIb￿ end(￿ment fijnd has been used as a buffer to underwrite some of the restricted lunds Whe￿ payouts were greater than the fun¢ balance. The trustees folt sinc6 we had resowv6s rt was bètter to use them to protect our beneficianas, hard hrt by recession, rather than set Ih8rn adrift. Pffje 27 ntinued... THE cHAR￿lEs ADWSORY TRUST Notes to the Financial Statements . continued for the Year Ended 30 June 2023 19. MOVEMENT IN FUNDS- continued As ex￿alThed in Note 4. part ol the sales prcKee(Is ofdcnated ￿r