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2022-12-31-accounts

SEAN DEVEREUX CHILDREN’S FUND

(Registered Charity Number: 1057777)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2022

SEAN DEVEREUX CHILDREN’S FUND

INDEX TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2022

_________________

Page No.:
1. Trustees and Professional Advisors
2 Report of the Trustees
7 Independent Examiner’s Report
8 Statement of Financial Activities
9 Balance Sheet
10 Notes to the accounts.

SEAN DEVEREUX CHILDREN’S FUND

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

LEGAL AND ADMINISTRATIVE DETAILS

TRUSTEES Mrs M P Devereux I McGrory K O’Farrell (resigned 29 Oct 2022) M Chatterton M Louch S M Dean S Lambert N Crean PRINCIPAL OFFICE White Pickets Chandlers Lane Yateley Hampshire GU 46 7SR CHARITY REGISTRATION NO. 1057777 GOVERNING INSTRUMENT Trust Deed dated 22 July 1996 INDEPENDENT EXAMINER Mark Cummins FCCA TC Group The Courtyard, Shoreham Road Upper Beeding, Steyning West Sussex BN44 3TN BANKERS TSB Bank Plc 21 High Street Ascot Berkshire SL5 7JE

Page 1

SEAN DEVEREUX CHILDREN’S FUND

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

Sean Devereux Children’s Fund is a registered charity. It is registered with the Charity Commission under number 1057777. The charity is governed by its trust deed dated 22 July 1996.

Organisation

The trustees are the main governing body of the charity. The trust deed states that there should be at least three trustees and they should hold meetings at least twice a year. It is however the practice of the Trustees to meet four to five times a year.

Recruitment and Training of Trustees

It is the policy of the Trustees to recruit new Trustees when vacancies occur and to select those who are in tune with the ethos of the aims of the charity and can add a positive contribution to the charity.

New Trustees are appointed at an ordinary meeting of the Trustees, or with requisite notice at a special meeting. Any appointee will have been involved with the work of the charity previously and become familiar with its activity before appointment.

Risk Assessment

The Trustees’ approach to risk assessment is to evaluate where events are to be held, and to ensure there is no exposure to loss in holding those events, and only committing funds, after due consideration of the viability of the project, for grant purposes that are available to the Trustees in cash. In this way, as the trust has no premises or employees, it can reduce substantially its risks.

The other area of risk for the Trustees is to ensure that funds committed not only reach their destination but also are utilised specifically for the purpose intended, and to minimise that risk, the Fund only works with recognised agencies in the field, from where positive feedback can be obtained.

OBJECTS, AIMS, AND OBJECTIVES

Charitable Objects

The Charity’s Trust Deed states its objects to be “………the education and relief of poverty of children under the age of 21 in the continent of Africa.”

Aims

The principal aims of the Trustees within the objects are to support projects and activities that are allied to the work of Sean Devereux in Africa, and specifically in Liberia, where he spent much of his time, but also, though not exclusively, other projects supported by the Salesians and other missionary societies.

Page 2

SEAN DEVEREUX CHILDREN’S FUND

TRUSTEES’ ANNUAL REPORT (Continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

______________

OBJECTS, AIMS, AND OBJECTIVES (Continued)

Objectives for the Year

To fulfil the objectives of the Trust by:

  1. Raising money to fund the work of the charity through:

  2. Fund raising events

  3. Securing charitable donations directly from sponsors

  4. Use of the Internet

  5. Such other means as the trustees may determine from time to time

  6. Identifying suitable projects on which to spend the money raised using a project evaluation pro forma.

  7. Monitoring such projects both from the UK and in situ. Projects are monitored locally by:

  8. Trustees visiting the projects from time to time

  9. The installation of local management committees for projects

  10. The use of trusted bodies and individuals to oversee projects

  11. Ensuring that the charity continues to maintain an appropriate profile with its supporters through fund raising events, newsletters and an active and up-to-date website.

  12. These activities are undertaken to further the charity’s purpose for the public benefit, and having had regard to Charity Commission guidance on public benefit (Reg40-(2) (c)(ii) and Reg 32(2)(b)(i) and (c).

ACHIEVEMENTS AND PERFORMANCE

2022 saw a return to more regular activity after the restrictions of COVID over the previous two years. Overall, the fund received total net income of £42,305. This income included:-

Having got COVID behind us it was unfortunate timing that the funeral of HRH Queen Elizabeth coincided with the weekend of the Walk for Sean, one of the Fund’s regular fund-raising events, and the Walk had to be postponed to the New Year.

The Fund continues to be supported by its many regular donors. The largest donation from outside of the existing ‘family’ was a very generous £ 11,000 which arose out of the auction of tickets for the Downton Abbey film premiere. The Trustees remain grateful to our Vice-President, Raquel Cassidy (who appeared in the film) for continuing to raise the profile of the Fund.

For these and all the other many contributions made, both large and small, the trustees are most grateful. The projects supported in the year were all in Liberia (confirmed as a note to the financial statements and expanded in the note below).

As noted above there was also a contribution from the Derek Moore foundation to cover most of the cost of 200 solarpowered lanterns that will be distributed to the homes of students from the School and the Scholarship programme. In a country like Liberia with its meagre power infrastructure but abundant sunshine, this project should improve the quality of study time available to pupils as well as improving the living conditions for their families.

Page 3

SEAN DEVEREUX CHILDREN’S FUND

TRUSTEES’ ANNUAL REPORT (Continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

___________________

ACHIEVEMENTS AND PERFORMANCE (Continued)

With regards to previous donations the Trustees decided to ring-fence money received from the estate of Celia Reuter and use the funds as the basis for a programme expanding the scope of the Fund’s activities. To this end, in conjunction with local Liberian staff the Trustees developed the framework for a Graduate Program selecting one or two candidates from the current schools’ programme. It is hoped that the first round of candidates can be assessed in time for the start of the 2023 university year.

Total grants distributed by the fund since its formation in 1996 now stand at £1,507,000.

REVIEW OF ACTIVITIES

The scholarship programme in Liberia is a vital tool to enable the education of children, whose parents do not have the ability to send children to school, and although the Government is focusing on providing affordable primary education, there is a still a long way to go, and in the meantime, the scholarship programme is needed. To this end the Fund started, in 2012, to develop a scholarship programme to provide continuous and continuing support, although without relying on varying fund raising by the Fund. The trustees are pleased to report that, during 2022, considerable progress was made towards achieving a self-sustaining scholarship programme principally funded by recurring monthly contributions, although requiring a transfer from general donations received. The trustees would like to thank all the people who have joined the scheme for their continuing support.

The Sean Devereux Children’s Fund has continued to deliver education and support to over 200 students in Liberia. Students have continued to attain excellent academic results in the West African examinations this year whilst also excelling in many sports, such as football and Kickball. In addition, the Sean Devereux Elementary School in Brewerville continue to develop other non- academic including a very successful quiz team and several music and dance events.

One of the most significant developments this year has been the selection of a couple of students to attend University. This has emanated from a generous legacy donation and it is anticipated that two students a year would go to a University in Liberia with tuition and subsistence paid for through SDCF funds. Selection for this prestigious initiative is being managed locally and we are very pleased to see this progression which will see us educate students from year 1 through to University.

In November 2022, Trustees Steve Dean and Mark Chatterton ( and his wife Theresa) visited Liberia to check on governance and progress on the ground. This had been the first visit in three years due to Co-vid, but it was gratifying to see that the work of the charity had been sustained through this difficult period. Trustees were able to speak to students, staff, and parents as members of the Governing Body to hear what they had to say about the work of the charity. Steve, Theresa and Mark took part in a very competitive sports day with Brewerville students playing against colleagues from VOS. This was great fun and a chance to reflect on the importance of sport in developing the character of students, something that Sean Devereux knew only too well.

Financial requests were made for new chairs and tables, printers for both the school and the Volunteers of Sean offices and Trustees were able to build a list of commitments that were brought back to the Trustees Board in the UK for consideration. Most items were agreed and will be purchased but some longer - term items were also identified.

There was a plea for additional classrooms for the Brewerville School and this was discussed, and it was agreed that some formal partitions should be put in place and should be costed for future activity. The Volunteers of Sean needed a new office to operate from and a business case was requested for some land that had been purchased near to the Brewerville School which would be considered when there were more funds available.

Trustees could see that there remained a need for further sponsorships and were inundated with students and parents begging for sponsorships which was difficult to manage. However, a renewed effort for more sponsors has been launched to help us address this need but this will need to be promoted further.

Page 4

SEAN DEVEREUX CHILDREN’S FUND

TRUSTEES’ ANNUAL REPORT (Continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

_________________

COVID-19

The Fund, the Brewerville school and the Volunteers of Sean all reverted to normal operations following the disruption of COVID over the previous two years.

We remain delighted with the commitment and dedication of our small team on the ground who continue to deliver for these very vulnerable children whilst facing great poverty themselves.

FINANCIAL REVIEW

Financial overview

The Statement of Financial Affairs on page 8 shows donations of £ 30,301 (2021: £ 20,474) and fund raising events in the year of £ 7,834 (2021: £ 11,105), grants made of £ 45,535 (2021: £ 34,721) and expenses of £ 7,921 (2021: £ 4,043). In addition, the Fund received £ 4,170 from the Derek Moore foundation towards the lantern project.

The Trustees accept that there will inevitably be years where expenditure will exceeds income. 2022 was one such year.

The Fund had total reserves of £ 115,788 (2021: £ 126,939) at the end of the year, of which £ 0 (2021: £ 514) is restricted, and £ 65,565 (2021: £ 20,296) is designated.

Reserves policy

The trustees do not require substantial reserves to fulfil their objectives, but consider a cash reserve of £50,000 on the General Fund is sufficient to cover any emergency grants the trustees may wish to make. There are projects in the pipeline which the trustees are evaluating, and it is anticipated that the reserves currently in hand will be utilised in the short term.

Children enter the scholarship programme on the basis of need. This means that some children enter the programme when they first go to school and require assistance for up to twelve years, while others join one or two years before they complete their secondary education. There are currently between 150 and 200 children in the programme.

When setting a reserves policy for this area of the Fund’s work, the trustees were conscious of the fact that, if the programme was to cease and all funding was to stop immediately, many of the participants would simply not be able to go to school. This is because the children and their parents are entirely reliant on the programme for the money to fund the children’s education.

To mitigate the impact of such an event, the trustees believe that it is appropriate to hold reserves that will sustain the programme for a further two years. At the present time, the income being generated, after the loss of a few substantial donors and the depreciation of sterling, is not sufficient to cover the costs of the programme, which is in US dollars, but trustees are working hard to replace this loss, with some success. The amount of free reserves held as at 31[st] December 2022 amounts to £50,000, (2021: £106,000 ), which is in line with the Reserves Policy.

Page 5

SEAN DEVEREUX CHILDREN’S FUND

TRUSTEES’ ANNUAL REPORT (Continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

___________________

Public Benefit

The fund’s aims are very clear in supporting children and their education and welfare in the continent of Africa, and this is being carried out and achieved, as laid out above, resulting in a public benefit which is far in excess of the equivalent usage of charitable funds in UK. In this way the charity is fully complying with S17 of the Charities Act 2011.

Going Concern

The trustees are of the opinion that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties regarding the fund's ability to do so.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 26 October 2023 and signed as authorised on their behalf by:

S Dean Trustee

M Chatterton Trustee

Page 6

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF

SEAN DEVEREUX CHILDREN’S FUND

_________________

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 8 to 15.

Respective responsibilities of trustees and examiner

I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mark Cummins FCCA

Date: 31 October 2023

TC Group The Courtyard, Shoreham Road Upper Beeding, Steyning West Sussex BN44 3TN

Page 7

SEAN DEVEREUX CHILDREN'S FUND

STATEMENT OF FINANCIAL ACTIVITY

FOR THE YEAR ENDED 31 DECEMBER 2022

INCOME
Donations
Donations
Income Tax Refund
Legacy
D Moore Foundation
Fund Raising Events
Total Income
EXPENDITURE
Raising Funds
Expenditure on Charitable Activities
Grants
School Costs paid Direct
Lantern Project
Support Costs
Office Costs
Liberia Fees
Travel Costs
Bank Charges
Exchange Differences
Governance Costs
Independent Examiner's Fees
Total Expenditure
Net Income / (Expenditure)
Transfer between Funds
Ringfence Celia Reuter Legacy
Funds Balances at 1st January 2022
Funds Balances at 31 December 2022		 Unrestricted
Funds
16,179
-
-
4,170
20,349
7,834
28,183
10,547
5,210
4,630
465
1,965

3,924

776

( 299)
830
28,048

135
( 6,843)
( 49,198)
106,129
50,223		 Designated
Funds
-
-
-
-
-
-
-
3,929
-
-
-
-
-
-
-
-
3,929
( 3,929)
49,198
20,296
65,565		 Restricted
Funds
11,500
2,622
-
-
14,122
-
14,122
21,219
-
-
-

-

-
260
-
-

21,479

( 7,357)
6,843
514
-		 Total
2022
27,679

2,622

-

4,170

34,471

7,834

42,305

35,695

5,210

4,630

465
1,965
3,924
1,036
( 299)
830
53,456
( 11,152)
-
-
126,939
115,788		 Total
2021
17,375
3,099
5,811
-
26,285
11,105
37,390
34,721
-
-
1,191

1,854
-
1,429
( 1,181)
750
38,764
( 1,374)
-
-
128,313
126,939

Page 8

SEAN DEVEREUX CHILDREN'S FUND BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
CURRENT ASSETS
Cash at Bank and In Hand
Debtors
3
CURRENT ASSETS
Amounts falling due within one year
Accruals
4
NET CURRENT ASSETS
FUNDS
Unrestricted Funds
Designated Funds
6
Restricted Funds
5
Total Expenditure
Approved by the Trustees on 26 Ocober 2023 and
signed as authorised on their behalf by:
S Dean
Trustee		 £
£
£
£
111,490
121,560
6,081
6,777
117,570
128,337
( 1,783)
( 1,398)
115,788
126,939
50,223
106,129
65,565
20,296
-
514
115,788
126,939
2022
2021		 £
£
£
£
111,490
121,560
6,081
6,777
117,570
128,337
( 1,783)
( 1,398)
115,788
126,939
50,223
106,129
65,565
20,296
-
514
115,788
126,939
2022
2021
126,939
106,129
20,296
514
126,939

M Chatterton Trustee

Page 9

SEAN DEVEREUX CHILDREN’S FUND

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

a) Basis of Accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) Revised October2019.

Sean Devereux Children’s Fund meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The presentation currency is £ sterling, and all transactions with other currencies have been converted at the rates applying as at the dates of those transactions. Items are rounded to the nearest £.

b) Going Concern

The trustees consider there are no material uncertainties about the fund’s ability to continue as a going concern. The review of our financial position, reserves level and future plans gives trustees confidence the charity remains a going concern for the foreseeable future.

c) Legacies, Donations and Grants

Legacies and donations are recognised when receivable or when the fund becomes legally entitled to them and they can reasonably be measured in financial terms. Receipts of property, investments or other gifts in kind are included at market value.

d)

Taxation

As a registered charity, the Trust Funds are exempt from income tax, corporation tax and capital gains tax derived from its charitable activities. Recovery of tax deducted at source is credited to the category of income to which it relates.

e) Expenditure

Direct charitable expenditure consists of all committed expenditure directly relating to the objects of the fund. Office costs include expenditure on general administration and expenditure on management and compliance with constitutional and statutory requirements. Irrecoverable VAT is included with the category of expenses to which it relates.

f) Fund Accounting

Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the trustees in furtherance of the general charitable objectives.

Designated funds are funds set aside by the Trustees for specific purposes.

Restricted funds are used for specific purposes as stated by the grantor. Expenditure which meets these criteria is charged to the fund.

h) Cash and Cash Equivalents

Cash and cash equivalents includes cash and short term highly liquid investments with short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

i) Estimates and Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Trustee's best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Trustees do not consider there to be any material estimates and judgements.

Page 10

SEAN DEVEREUX CHILDREN’S FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 DECEMBER 2022

j) Financial Instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value.

k) Cash Flow Statement

In accordance with Section 7 of FRS 102 the charity is claiming exemption from the requirement to prepare a cash flow statement on account of its size.

2. ANALYSIS OF GRANTS

TRADE DEBTORS
General
Funds
Scholarship
Funds
Designated
Funds
Total
Liberian Projects
10,547
-
3,929
14,476
Liberian Scholarships
-
21,219
-
21,219
10,547
21,219
3,929
35,695
2022
Gift Aid Reclaims
Event Funds held by Salesian College Farnborough		 General
Funds
Scholarship
Funds
Designated
Funds
Total
10,249
-
-
10,249
-
24,472
-
24,472
2021		 General
Funds
Scholarship
Funds
Designated
Funds
Total
10,249
-
-
10,249
-
24,472
-
24,472
2021
10,249
24,472
0
34,721
2022
2021
£
£
2,622
2,634
3,459
4,143
6,081
6,777

3. TRADE DEBTORS

4. TRADE CREDITORS

Accruals
Other Creditors		 2022
2021
£
£
1,224
840
558
558
1,782
1,398

Page 11

SEAN DEVEREUX CHILDREN’S FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 DECEMBER 2022

5. RESTRICTED FUNDS

Liberian Scholarship
Fund		 Balance at 1
January
2022
£
514		 Incoming
Resources
£
14,122		 (Outgoing)
Resources
£
(21,479)		 Transfers
£
6,843		 Balance at
31 December
2022
£
0
514 14,122 (21,479) 6,843 0
Liberian Scholarship
Fund		 Balance at 1
January
2021
Incoming
Resources
(Outgoing)
Resources
Transfers
Balance at
31 December
2021
£
£
£
£
£
97
14,489
(14,072)
-
514
97
14,489
(14,072)
-
514

Liberian Scholarship Fund

As it has become evident, the sustainability of providing scholarships in Liberia from General Fund raising is problematical. Therefore a scheme has been promoted to allow donors to pay a monthly sum in sponsoring a child at school in Liberia, which will enable more certainty in providing a commitment by our donors over a longer period of time.

Page 12

SEAN DEVEREUX CHILDREN’S FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 DECEMBER 2022

6. DESIGNATED FUNDS

Sean's Legacy
Celia Reuter Legacy
Sean's Legacy		 Balance at 1
January 2022
Transferred from
General Fund
Incoming
Resources
(Outgoing)
Resources
£
£
£		 Balance at 31
December 2022
£
20,296
-
-
(3,929)
-
49,198
-
-		 16,367
49,198
20,296
49,198
-
(3,929)		 65,565
Balance at 1
January 2021
Transferred from
General Fund
Incoming
Resources
(Outgoing)
Resources
£
£
£		 Balance at 31
December 2021
£
20,296
-
-
-		 20,296
20,296
-
-
-		 20,296

Sean’s Legacy

This fund was set aside by the trustees, resulting from insurance policies taken out on behalf of Sean in connection with his employment, and which has been used to respect a statement of wishes from Sean, in particular in Tappita in Northern Liberia, where Sean spent time and energy in developing educational establishments.

Celia Reuter Legacy

These funds have been used to establish the Graduate Programme.

7 ULTIMATE CONTROLLING PARTY

The charity was under the control of the Trustees during the period under review.

Page 13

SEAN DEVEREUX CHILDREN’S FUND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

YEAR ENDED 31 DECEMBER 2022

8. ALLOCATION OF ASSETS

Restricted Funds
Designated Funds
Unrestricted Funds
Total Net Assets
Prior Year
Restricted Funds
Designated Funds
Unrestricted Funds
Total Net Assets		 Current
Current
Inter
Assets
Liabilities
Fund
£
£
£		 Total
£
-
-
-
-
-
65,565
117,570
( 1,782)
( 65,565)		 0
65,565
50,223
117,570
( 1,782)
-		 115,788
Current
Current
Inter
Assets
Liabilities
Fund
£
£
£
Total
£
-
-
514
-
-
20,296
128,337
( 1,398)
( 20,810)		 514
20,296
106,129
128,337
( 1,398)
-		 126,939

9. TRANSACTION WITH TRUSTEES

During the year Trustees were reimbursed for travel & other costs amounting to £ 6,402 (2021 £ 193) incurred in connection with the Trust’s affairs. Various Trustees also donated £1,896 (2021 £1,020) during the course of the year.

Page 14

SEAN DEVEREUX CHILDREN’S FUND

STATEMENT OF FINANCIAL ACTIVITY

FOR THE YEAR ENDED 31 DECEMBER 2022

10 .COMPARATIVE FUNDS -STATEMENT OF FINANCIAL AFFAIRS FOR THE YEAR TO 31 DEC 2021

INCOME
Donations
Donations
Income Tax Refund
Legacy
Fund Raising Events
Total Income
EXPENDITURE
Raising Funds
Expenditure on Charitable Activities
Grants
Support Costs
Office Costs
Liberia Fees
Travel Costs
Bank Charges
Trustees' Event
Vehicle Repair
Sundry
Insurance
Exchange Differences
Governance Costs
Independent Examiner's Fees
Total Expenditure
Net Income / (Expenditure)
Funds Balances at 1st January 2021
Funds Balances at 31 December 2021		 Unrestricted
Funds
5,520
465
5,811
11,796
11,105
22,901
-
21,249
-
1,112
-
829
998
742
97
96
( 1,181)
750
24,692
( 1,791)
107,920
106,129		 Designated
Funds
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,296
20,296		 Restricted
Funds
11,855
2,634
-
14,489
-
14,489
-
13,472
-
-
-
600
-
-
-
-
-
-
14,072
417
97
514		 Total
2021
17,375
3,099
5,811
26,284
11,105
37,390
-
34,721
-
-
-
1,112
-
1,429
998
742
97
96
( 1,181)
-
750
38,764
( 1,374)
128,313
126,939		 Total
2020
27,460
3,709
43,387
74,556
10,878
85,434
-
29,374
837
2,030
342
1,417
-
-
-
-
-
-
780
34,780
50,654
77,659
128,313

Page 15