SEAN DEVEREUX CHILDREN'S FUND (Registered Charity Number: 1057777) TRUSTEES, REPORT AND FINANCIAL STATEMENTS 3] DECEMBER 2024 SEAN DEVEREUX CHILDREN'S FUND INDEX TO THE FIF4ANCIAL STATEMENTS FOR THE YEAR ENDED 31- DECEMBER 2024 Page No.: Trustees and Professional Advisors Report of th¢ Trust¢es Independent Examiner's Report Statement of Financial Activities Balance Sheet io Notes to the accounts. SEAN DEVEREUX CHILDREN)S FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 LEGAL AND ADMINISTRATIVE DETAILS TRUSTEES M P Devereux I McGrory M Chatterton M Louch S Dean S Lambert N Crean PRINCIPAL OFFICE White Pickets Chandlers Lane Yateley Hampshii'e GU 46 7SR CHARITY REGISTRATION NO. 1057777 GOVERNING INSTRUMENT Trust Deed dated 22 July 1996 INDEPCI NDENT EXAMINER Mark Cummins FCCA TC Group The Courtyard, Shoreham Road Upper Beeding, Steyning West Sussex BN44 3TN BANKERS TSB Bank PIC 200 Broad Street Reading Berkshire RGI 7QJ Page I SEAN DEVERII UX CHILDREN'S FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution S¢an 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. OrganisHtion The trustees are the main goveming body of the charity. The trust deed states that there should be at least three trustees and they sliould hold meetings at least twice a year. It is however the practic¢ of the Trustees lo ineet four to five times a year. Recruitment aiid Training of Trustees It is the policy of the TTUStees to recruit new Trnstees when vacancies occur and to select those who are in tune with the ethos of Ihe airns of the charity and can add a positive contribution to ihe charity. New Ti'ustees 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 befoir appointment. Rl$li Ass¢$smen¢ The Trustees, approach lo risk assessment is to evaluate where events are to b¢ held, and to ensui-e their is no exposui'e to loss in holding those events, and only coinmitting 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 I'educe substantially its risks. The other area of risk for the I'ruslees is lo ensure that funds committed not only reach their destination but also are utilis¢d specifically for the purpose intended, and to minimise that risk. the Fund only works with recognised agencies iii the ficld, from where positive feedback can be obtained. OBJECTS, AIMS, A]¥4D OBJEcfivES Charitable Objects The Chai'ity's '[ rust Deed states its objects to be . 21 in the continent of Africa." .the education and relief of poverty of Children under the age of Aims The principal aims of the Trustees within the objects are to support projects and activitie5 that are allied to the work of Sean Dever¢ux in Africa, and specifically in Liberia, where he spent much of his timc, but also, though not exclusively, other projects supported by tbe Salesians and other missionary 50cietÉes. Page 2 SII AN DEVEREUX CHILDREN'S FUND TRUSTEI Ei S, ANNUAL REPORT (Contlnued) FOR THE YEAR EI NDED 31 DECEMBER 2024 OBJECTS, AIMS, AND OBJECTIVES (Continued) Objeetives for the Year To fulfil the objectives of the Trust by,. Raising money to ￿nd the work of the charity through: Fuiid raising events Secui-ing charitable donations directly from sponsors Use of the Iiiternet Such othei. means as the trustees may deterniine from time to time Id¢ntifying suitabl¢ proj¢cts on which to spend the money raised using a proj¢ct evaluation pro fornia. Monitoi'ing su¢h projects both froin ilie UK and in situ. Projects are monitored locally by.. • TI￿Stee$ visiting ihe pi'ojects from lime to time • The inslallation of local In8nag¢inent comtnittc¢s for projccls • The usc of trusted bodics and individuals to oversee projects Ensuring that tlie charity continues to inaintain an appropriate profile with its supportei's through fund raising events, newsletteis and an active and up-to-date website. These activities al'e undertaken to further the chai-ity's purpose for the public benefit, and having had regard to Charity Commission guidance on public benefit (Reg40-(2) (cxii) and Reg 32(2Xb)(i) and (c). ACHIEVEMII NTS AND PERFORMANCE The cliarity continued in 2024 with its core activity of fijnding the education of around 190 young people in Liberia, In financial terms the costs involved were at the same level as in previous years allowing for inflation. There wa5 in fact a reduction against Ihe previous year owing to a reduced level of project activity (2024.. £34,842 compared to 2023: £ 37,858). The yeai. was also marked by a Trustee visit lo Liberia. The Trustees have great confidence in the people delivering its aiins on the ground in Liberia bul visits on a 2-1 year cycle remain a key part of the oversight of the fund. The travel costs in 2024 of £ 4,292 air viewed in Ihis Itght &s money well spent. On the income side the finances were bolstered by a couple of subslantial legacies. The Trustees have expirssed their gi'atitude to the families involved and take the opportunity to do so again here. The amounts involved will allow the chai'ity to expand its scope in Ihe coming years. Fund raising activity conlinued as nornial with the Salesian College arranging the annual quiz night and sponsoi'ed 'Run for Sean, The Farnham Castle Ball was held for the second year thanks to the generosity of a couple of former classmates of Seaii who make the facilities available free of any charge. This w&s a thoroughly enjoyable evening which brought Èn close to £ 17,000. Alongside these evenls the Fund continues to be supported by its many regular donors. For all the many contributions made, both large and small, the trustees are most gral¢fvl. The projects supported in the year wer¢ all in Libci'ia (confwmed as a note to the f￿anCIal statements and expanded in the note below). Total grants distr&buted by the ￿nd since its forniation in 1996 now stand at £1,579,000. Page 3 SEAN DEVEREUX CHILDREN)S FUND TRUSTEES? ANf￿AL REPORT (Continued) FOR THE YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENTS AND PERFORMANCE (Continued) Total graiits distributed by the fund since its fonnation in 1996 now stand at £1,579,000. RlIVIlI W OF ACTIVITIES The Sean DeV￿tUX Childyen's Fund had anothei- success￿1 year which saw a bi - annual visit from Trustees to Libei'ia lo review activity across iheir proj¢¢ts there. This was a v￿Y constructive visit wlieit Trustees spent time at the Sean Deveyeux High School. They sat in on lessons wliilst also making ftctive enquiries into the operations of Safeguarding at th¢ School. This was a relatively new con¢¢pt to the team there and it was very good to meet all teaching and support staff to outline the Fund's expectations around ihis subject. Whilst accepting the limitations of distance between the UK and Liberia, it was evident that staff wer¢ keen to learn and understand the requirement5. One of tlie Ti'ustees on the visits liad beei) a teacher and had cu]Tency in th¢ subject and was able to explain the iEquirements. Subsequently. a policy foi. Safeguai'ding has been adopted and a child support officer employed locally at the school who lis able to pix)vide support and counselling for students. Safeguardiiig policies have also been put in place in Tappita and within the Volunteers of Sean (VOS) team, who sei'vi¢e iiumerous students in 70 schools in Monrovia. Again the contents were explained to staff along with expectations and tliis was agaiii well received. The Tappita staff are from the Salesian Order and appear to b¢ very well vei'sed in the topic and have eiicouraged reporting of concerns. Safeguarding is discussed at our Trustee meetings and is & key component of oui. woi'k and governance. VOS have worked hard to focus on identifying the students who were most in need across Monrovia. They were trying to help blind and deaf sludents along with othei's wlio suffei. disabilities. A request for new laptops with braille capabililie5 was approved to help our blind students and they have made a big difference in assisling ihern to make good prowess in Ilieir studies. Having made the very long drive to Tappita - Trustees had sevcral positive meetings with the Salesian Fathers there, who i'equested financial support so that tliey could create a larg¢ agricultural farni on the school campus. Initially they wanted to cultivate 12 aci'es but would eventually wanted to extend that to l 00 acres. Request5 wei'e for equipment to cut back foliage, seeds and implements to turn the ground. An agricultural van built on a small Inotorbike was also requested lo help move produce into the local villages. Students at the school would be shown how to grow cl'ops and get vegetabl¢s grown to feed their families. The Fund approved tl)e financial requests and much progress has been made and the Farni is named the Sean Devereux Memoi'ial Farm. We see this as an exciting project that will be an ongoiiig cornmitment for the Fund. Tappita is very impoitant to the fund, as it was there where Sean taught when he worked in Liberia, and the school had a particular importance to him. Other key projects this year include the provision of solar panels to the roof of die Sean Devereux High School, something that has been long desired. Tliis means that there was now a stable supply of electricity at the school with no need to rely on genei'ators and fuel that they use to keep them operating. It also opens the opportunity up foi. the school to be utilised in the evenings for students and parents to enjoy social and educational events together. It has alreS FUND TRUSTEES, ANMJAL REPORI. (Contlllu¢d) FOR THK YICAR ENDED 31 DECEN(BER 2024 Publle ileneflt The fvnd's aims are very ¢lear in supporting children and their education and welfare In the continent of Afr1¢8, and this Is b8lng caiTled out #nd achieved, as laid out abovq resulting in a public benofLt whlekn is far in excess of tho equivalent Usage of Lharilable fvnds In UK. In thi5 way th¢ chaTty is fully complying with S17 of the Chaiities Act 2011. Gotng Conoern 1'he trustees are of th¢ opinion that the Gharity adequat¢ r¢souYce8 to contitiue in operational existence for th foreseeable ￿tUre and tb6re are no matsi'ial uncertainlies regarding th¢ ablllty to do so. sTATEME￿r OF TRUSTEESI IiESPONSIBILITIES The T￿Ste¢S are Yesponslble forpreparing the ThJst¢6s' Report and the financlal statements in accordance with applicable law dnd unat￿ Klngdom Acwunting Standards (Unit¢d Kingdom Oenerally Acoepted A¢countin8 Piactice). The law applle8blo to charitics An Eiigland & Wal¢s requires the trustepA to prepar¢ fmall¢ial $lat¢ments for each fm8nolal yoai. whlch 8lve o triis and fair view ofthe Stale of atfair3 of the charity and of the incoming resource% and appllcatlon of r08oul￿os of (he charity for that period. In preparing theso financial stat8ment8. the trustees are requlred to,. Select suilablo ac¢ouDting polioies and then apply thom consi8tcnily* Ob3erv¢ the in¢thods and prln¢lples In the Chw'ltl89 SORP. Mokè judgetnents and ¢stlmates that are rea8onoblè and prudent: State whether applicable PCeQUllting Standards have b¢en followed, subjec¢ to any matorlal depaikneg dIs¢l0￿d nd explained In the financial statements; Pr¢pare Ihe fiiiancial stat8ll)ollts on the golng concern basi8 unlus it is inappi'oprlate to pr¢sumo tlia( the chaylty will conlinue in biisine¥s. 'riie tt'usteos are iTspvnsible for k¢¢plng a¢couTrting reGords that disclose wlth reasonable accuracy It Irty timo the fmanci81 position oftbe charity and onable them lo eDsure tlig4t the financial stuternents coinpIy wlth the Chai'lties Act2011, the Cliarity (Ac¢ouJ)ts and R¢poi'ts) Regulations 2Q08 and the provisions of the trust deed. They air al80 J'e3pongible lor saf¢Ruarding th¢ ￿Sets of the Ch￿'￿ty and hence for takitig reasonable st¢ps for the preventlon and detsction of fraud and oIILer Arre￿ildI.]lles. Appi'ov¢d by the TrllstCC3 on 27 October 2025 and 81gned fts alllborised Oll IILeiT behalf by; SDta Ti'ustee M ChatteA40 Th'usteo Page 6 iNDEPLNDENT EXAMINFRJS REPORT TO THE TRuSrE￿ or SEAN DKVICRLI UX CHILDRKN'S FUND I reporttrj thr ¢lwfiiy trLth onny Mnination oftheaLramts ofthe eh&iyfwtsyweJMkd3l DecemEw2024 sthich aTC set out p8ges 8 to 15. Re5pectiv¢ re5ponslbllltles ofirustees And exomln¢r I r¢port in Yespeot of my examlntytion of the accounts CA￿￿ed out und¢r sectlon 145 of the 2011 Act and In carrylns out my examination, I hav¢ followad all the applicable Dii'ections given by the Charity CommisBIDn under section 145(5)(b) of tho A¢1, ludupendtnt examln¢i 8 61aternellt I havo completed my oxaminalion. I confwm that no material matteiT have come to my ntt¢ntion in c￿l￿actIOn Ihe examination whlch gives me ¢ause to bolieve thfit in, any material Tespect: th¢ h¢¢ounting rooords wei'o not kcpt in acwrdance with sectlon 130 of the Charltiog Act; or the accounts did not accord with tho arcounting records: or Ilje accounts did not comply with the appIl￿ble wiiiremcnts concerning the fonn and ¢ontent of #ccounts Bet out In the Charltiès (A¢¢ounts and Reports) Rtsgulati0115 2008 other ilian any i'¢quirement that the JtiLounts glve a'truo and fuh" viow whl¢h is not a Jiiattei. consldeitd as p8rt of an indepBndent ¢xamlnalion. I hav¢ no Goncerns Jnd IMve come across no othei. matt01's in Connectlon with the oxarntnatlon to which attention should be di'awn in this report in olrfer to en#bl¢ a proper und¢i'slandin£ of tlie accounts to be reached, Mai'k Cunuhln3 FCCA FCIB Dat£: 29 ocEJw 7oES TC Group Tlie CourtyaThl, Shoroham Road Uppor Be¢dln& Sleyning West Su89¢X BN44 3TN Page 7 srAN DE1vEREi￿ CHILDREN'S FUND SIATEMFN'r ori FINANCIALAcrtVITY FOR TIIE YEAR ENDF.D 31 DECEfvIBER 2024 IIMreslTStted Dtsignated Re$tiT¢tcd To(al TotAI Funds 2024 2023 INCOME Donatio Donati) 178.193 11.415 189.608 1.532 23.499 2.391 Tax Refi￿1 1.532 179.T25 11,415 191.140 25,890 Ful￿ Rai$ll￿ ENrnts 21.931 21.931 21,069 Tol#l Incortit 201.656 11,41S 213.071 46.959 LXPEI NDITURE RHising FUJMIS Ex￿￿￿%1￿1% on ChAiitRble Activitits Grat 4.362 4.091 23.321 31,774 35.466 UnAeJ3ttiy Pm Sthol Costs paid Drect 2.324 2.324 2,393 744 744 Sypptsrt Cts$l$ Offi¢¢ Costs 997 997 514 Lb¢ria F¢¢5 1,228 1.22% 4.741 Tra￿1 Costs 4,292 4,292 Bank Clthr 676 477 1.153 1.400 ExchNnge Djfkr¢l￿ { 170) 1170) 874 GoveniAiice Co¥ts Indepeithnt Fees 1.018 1.018 850 TotAI EX￿ndit￿ 13.147 6.415 23,798 43.360 46,238 Nel Incomc I lE%￿lidit￿r¢) 188,509 (6.415) (12,383) 169,711 721 'Th711sfti- fiunds { 12.38J) 12,383 Net MoYeJTrcnt iii fiiiiids 176,126 16.415) 169,711 721 Fiinds BAIAnees al 1st January 2Q24 53.337 63,172 116.509 115,788 Ilund5 IlhlRnc¢$ At 31 Decembtr 2024 229,463 56,757 286,220 116,509 Page 8 SICAN DEVJIREUX CHILDREN'S FUND BALANCE SHKI AS AT31 DECEMBfR 2024 2023 Notts CURRENT ASSETS Cad) atBank In HgTh1 273.473 14.656 114.783 4,986 Debtors & PrepaynwAs 288,129 119.769 CURRENT LTABILITIES ￿li￿8 du¢ withbiollc )*ar A¢e4U8 { 1,909) (3,260) NLY'f CURRENT ASSF 286,220 J16,509 ruriDS Unrestrl¢t¢d Fillyjg 229.463 53,337 DesbNqtd fu￿5 56,757 63.172 Re5tYlclcd Fuiids Totsl Exp¢nditur¢ 286.220 11(509 Approved by th¢TniJl¢N on 2Xh ckiob¢r 2025 Olld J5gned outhotBed on Ih¢ir behilf by: S J)eAn ILstse M Cbattertoll Tntytett Chgrity No 1057777 Page 9 SEAN DFVEREUX CHILDREN'S FUND NOTES TO THE FINANCIAL STATEMENTS YEAR EI NDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of Accounting The financial statements hav¢ been prepared in accordance with Accounting and Reporting by Charities." Statement of R¢¢oinmended 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 D¢vei'eux Children's Fund meets ihe defmition of a public entity under FRS 102. Assets and liabilitics are nitially recognised at historical cost or transaction value unless otherwise stated in the i-elevant accounting policy notes. The pi'esentation cU￿encY is £ sterling, and all transa¢tioJ)s with other currencies have been convert¢d at the rates applying as at the dates of those transaclions. Items are rounded to the nearest £. b) Going Concern Th¢ tt'ustees consider there are no material uncertainties about the fund's ability to contiiiue as a going concern, The review of our financial position, reserves level and future plans give5 trustees confidence the charity remains a going Concein foi- the foreseeable future. Legacies, Doiiations and Grants Legacies and donalions are iecognised when receivable oi. when the fund becomes legally entitled to thein and they can reasonably be measui'ed in financial lerrns. Receipts of pi'op¢rty, inv¢stm¢nts or othel. gifts in kind al'e included at market value. d) Taxation As a itgistei'ed charity, the Trust funds ftre exempt from income lax, corporation tax and capital gains tax dei'ived from ils charitable activities. Recovery of tax deducted at source is credited to the category of income to whioh it relates. Expenditure Direct charitable expenditure consists of all corninilted expenditure direclly relating to the objects of the fund. Office costs include expenditure on general administration and expenditure on managejnent and compliance wiih constitutional and statutory requirements. ItTecoverable V AT is included with the category of expenses to which it relates. Fund Aeeounting 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 ai'¢ funds set aside by the Trustees for specific purposes. Restricted funds are used for specific purposes as stated by the grantor. Expenditure which meets il)ese criteria is charged to the ￿nd. h) Cash and Cash Equivalents Cash and cash equivalents includes cash and short terni highly liquid investsnents with short tern) maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 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 b¢ reasonable under the circumstances. Although these estimates are based on the Truslee's best knowledge of ihe amount, events or actions, actual Yesulls ultimately differ fi'om these estimates. The Trustee5 do not consider there to be any material estimat¢s and judgements. Page 10 SEAN DEVEREI UX CHILDREN'S FUND NOTES TO THE FII¥4ANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2024 i) Financial Instruments The charity only has financial assets and fmancial liabilities of a kind that qualify as basic fTnancial instruments. B8sic financial instruments, including trade and other debtors and creditors are initially recogiiis¢d at tt'aiisaction value and subsequently measured at their settlement value. li) Cash Flow Statement In accordance wilh Section 7 of FRS 102 the charity is claiming exemption from the requirement to piypai'e a cash flow statement on account of its size. ANALYSIS OF CRANTS 2024 2023 C￿nerAl SchoJArJhlp De$l#uw¢rd Fuiith Total GriiEr*l Scholirshlp IkslgiiAttd Fynds Funth Total Liberian Projects Librri&n S¢liol#rsliips Lib¢rithn Univ¢r3ny ProBTaffKTr 4.031 9.197 23J21 11544 11544 922 2.393 23PI 2324 2,393 5.1¢ 23.321 6,415 34.842 l2J44 22.922 2,393 37,859 TRADE DEBTORS 2024 2023 Gift Aid Reclain Event Funds held by Sales ian College Famborough Prepaytr£nt of 2025 SD School & Fami Spend 3,841 2,310 1676 10,815 14,656 4,986 TRADE CREDITORS 2024 2023 Accruals Othei. Creditot 1.352 558 2,702 558 1.910 3,260 Pagell SEAN DEVEREUX CHILDREN'S FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2024 RESTRICTED FUNDS B ThlAnee at J lllcoming January 2Q24 Resources (Outgoing) Transfers Resources Balance at 31 Dectmbei. 2024 LiberÈan Scholarship Fund 11.415 (23,798) 12,383 11,415 (23.798) 11383 BalAiice At I Incoming JanuAry 2023 Resources (Outgoing) Transfers Resour¢es B4lAnce at 31 Deeemlxr 2023 Liberian Scholarship fuiid 15,481 (23,425) 7,944 15.481 (23,425) Liberian Scholgrship Fund As it has bccome evidcnt. the sustain8bility of providing scholarships in Liberia from General Fund i'aising is problematical. Theitforc a scheme ha5 been promoted to allow don0￿ to pay a monthly sum in sponsoring a child at school in Liberia, which will enable more ¢¢rtainty in providing a commitment by our donors over a longer period of time. Over the past thi'ee years the amount from don0￿ has not covered the education costs of the children to whom the Funds has committed. Restricted funds have received a transfer from utvestricted funds to make up the deficit. Page 12 SII AN DEI VEREUX CHILDREN'S FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2024 DESIGNATED FUNDS BAlrtnce At I JAnuAry 2024 TnisfeThtd fro GenerAI Fwid looomiDg Rt$tsurtts {Oufgoing) Resauttes B￿1￿11¢¢ At 31 D¢¢eniF*i' 2024 .Sean's Leg8ty 16,367 46,805 14,091> (2.324) 12.275 C¢lia Reuter tz88ty 44.481 63.172 (6,415) 56.756 B*lAii¢C At I JY4uwiry 2023 Trnmsftrred from Generftl I.￿nd In¢ominK Rtsouires (ONl¥oiiy) Rtsoiines tJilAnee At 31 l)¢¢¢rn￿r 2023 Sean's t£ga¢y C¢liR R¢ul¢r ix8a¢y 16.367 49,198 16,367 46,805 (2.393) 65.565 12.393) 63,172 Sean's Legacy This fund was set aside by the tru5tee5, 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, whei'e Sean spent time and energy in developing educational establishments. Celia Reuter Legacy These funds have been used to establish the Graduate Progrdmme. The fwst two students were enrolled during 2024. ULTIMATE CONTROLLING PARTY The charity w&s under the control of the Trustees during the period under review. Page 13 SEAN DEVfi REUX CHILDREN?S FUND NOTII S TO THE FINANCIAL STATEMENTS (CONTINUED) Y[4 AR ENDED 31 DECEMBER 2024 8. ALLOCATION OF ASSETS Current Assets Current Liabilities Inter Fund Total Restricted Funds Designat¢d Funds Unrestricted Funds 56,757 (56,757) 56,757 229,463 288,129 (1,909) Total Net Assets 288,129 { 1.909) 286220 Current A5set5 Current Liabilities liiter Fund Prior Year Total Restricted Funds Designated Funds Unrestricted funds 63,172 (63,172) 63,172 53,337 119,769 (3260) Total Net Assets 119,769 (3,260) 116,509 TRANSACTION WITH TRUSTEES During the year Trustees were reimbursed for trnvel & other costs amounting to £ 6.079 (2023.. £1,381) incurred in connection with the Trnst's affairs. Various Trustees also donated £2,145 (2023: £1.320) during the course of the year. Page 15 SEAN DEI VEREUX CHILDREN'S FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) VOR THE YEAR ENDED 31 DECEMBER 2024 10.CO]KPARATIVE fiUNDS-STATEMENT OF FINANCIAL AFFAtRS FOR THE YEAR TO 31 DIC 2023 Ulltesltkted DeslgTbAled Re$tTktsd TolAI Total 2023 2022 INCOME Donfttkon8 10.409 l3.Og) 23.499 27.679 2,622 4.170 JrKO)wTax R¢fiakl 2391 2,391 D Moore FO￿NJal￿n 10,41YI 15.481 25.890 J4,471 FiThJ BAi5mg ￿rn 21.069 21.069 7.834 Tolal Iiieon 31,478 15.481 46,959 42.305 EXPEI NDETURE x￿ndit￿lI ott ChArllable A¢¢fvldcs fjTanLS UnNer8i*y Proy8nx S¢h)ol Costs paKI DweBI tAntrrn Project 12544 22,922 35,466 1393 35,695 2,393 5,210 4.630 Support Cogts 01r￿C Costs 514 514 465 Fees 4,741 4,741 1,965 Travel Costs 3.924 Bank CIMr8eJ 897 1.400 1,036 E￿h&1￿C DI￿￿r￿¢S 874 874 (299) Gove1)￿nce c￿$ts I￿ependent E>wnwKe5 Fees 850 850 830 Tothl Expenditu 20.421 1393 23.425 46238 53,456 Net Incon￿ IIKxpood1tv￿l 11.058 (2,393) (7.944) 721 'rThJL8fer be￿Tell (7.944) 7,944 Fullth Balillecs at 1$¢ 2023 ,223 65.565 115.788 126.939 Fupmis Balinces it 31 De¢enth¢r2023 53,337 63.Ir2 116.509 115.787 Page 15