CHARITY REGISTRATION NUMBER: 1081933 The Sulney Fields Charitsble Trust Unaudited Financial Ststements For the year ended 5 April 2024
The Sulney Fleld$ Charltable Trust Flnanclal Statements Year ended 5 Aprll 2024 Page Trustees. annual report Independent examinefs report lo Ihe Iruslees Slalemenl of finanaal aciivilies Slalemenl ol finanaal p0511ion Notes lo the financial slalements
The Sulney Fields Charltable Trust Trustees. Annual Report Year ended 5 Aprll 2024 The trustees present Ihelr report and the unaudlled financial stalemenls of the charity for the year ended 5 April 2024. Reference and admlnlstratlve detalls Reglstered charlty nam8 The Sulney Fields Charilable Trust Charlty reglstratlon numbgr 1081933 Prlnclpal offlce Byways Shophouse Lane Albury Guildford GU5 9EQ The trustees Mr R A Dowson MrT E Weston Mr P E M Davlson Indepondent gxamlnor Alislair Russell lon behalf ol Glbson Booth Chartered Accounlanlsl New Court Abbey Road North Shepley Huddersfield HD8 8BJ structure. govgrnanc8 and managem•nt Governing document The Charitable Iru51 was eslabllshed by deed dated 20 June 2000 and was registered with the Charlty Commisslon on 9 August 2000. Recrullment and Appolntmènt of Trusteès The power of appointing new Iruslees of the charity shall be vested in the founder, Mr R A Otswson. and new Iruslees can be appointed al any lime, subject lo a maximum of eight Iruslee5. Trustee Inductlon and Tralnlng New lluslees are briefed on Ihtsir legal obligations under Charity and company law, the conlenl ol the charllable deed, the business plan and recent financial performance of the chaiily. Trustees a encouraged to atlend appropriate external Iraining evenls where these will f8¢illlale the undertaking of the role. Risk Management The Iruslees have assessed the major risks to which the charity Is exposed, in particular those related lo the operalions and finances olthe charhy, and are satisfied that systems are in place to miligale our exposure lo the major rÉsks. Organl$atlon structure The Trustees meet tw¢e a year and decisions are determined by simple majority. Oblectlves and actlvitles The prlncipal objective of the charlly is lo apply the Income and capital of the fund al any lime for any exclusively charitable objects and purposes In any part of the worfd as Ihe Trustees see fil. The maln a¢llvilles ol the charity are undertaken lo further the charlty's purposes for the public benefit. The Trustees have considered and have regard lo the Charity Commission's general guldance on public benefit. Investment powers and restrlctlonB Trusl monies may be invested al the Trustees. dIs¢tIon and without limitation. The Trustees are also empowered lo appoint investment advlsors. Investment poli¢les and advisors are reviewed al least once a year.
The Sulnpy Fl¢lds Charltable Trust Tru8teos' Annual R¢port (conunugd) Year ended 5 Aprll 2024 AchI•V•men and pgrtormancg D¢nallons The Twst made approxirnalety £17ek ol donalions dvrlng Ihe year. We now have a pretty established Iisl ol about len ehanlies vAiich we supporl The largest iemains War Child1£50Klvhich we have supporled lor years and conlinue lo rale very hlghty Two long standing gfanlee5. The M8ngo Tiee and Stephen LevAs Foundaiion 11 be due lor a review in 2024125 given changes lo l)olh oiganisaligns bul conlinve lo be parf of Ihe mix lor now. We continue lo be Impressed by MSPS amazinu work We also continue 10 assist Ihe charilies we slarted 19 SUPPOrt In 2023. all ol are doing great work and whom we expeel 10 SUPPOrt lor a lew years belore re-assessing their perfoman¢e FARM Alrica lan old favounie anYaYI, Peace Dired, ¢aroiina lor Klbera and Windle Twsl The exceplion rni9hl be Hamlin Fislula. whom we Ihink do greal work bul who are bettei funded Ihan some eqtsalty lfflpressive Fislula organisalion5 whom we'll Sla lo support In 2024125 We chose not 10 continue ou¥ support ol SHOPCO despite Iheir excellent woth in Kibera, Kenya. just because they seem lo bp sufficienlty well funded lor now Flnanclal T•vIow Investment managemont The Ts1'S Invested lunds tlnished the year lo April 5th 2024 al £2 3rn. roughty level wlh Ihe prior year O¢Jr Investment manage15, Sarasin. missed IhÈif agreed benchmatk by a relalivety small mafgin (again) bul not by enough lo menl a review R•08 pollcy 11 Is the policy of the charity to maintain unreslrtcled lunds. which are the Iree reseNes of the chènty, al a level which equale5 10 approxifftalety the funds ¥eqtjld lo rtd dow Ihe charily, plvslls general funning c051s for e1ve calendar monlhs. The truslees, annval report was approved on and slgned on beh811ol Ihe board ol Iruslees by MIRADwon Truslee
The Sulnoy Fields Charitable Trust Independent Examlner's Reportto the Trustees of Tho Sulney Flelds Charitable Trust Year ended 5 April 2024 I report lo the liuslees on my examlnatiori of the financial slalemenis of The Sulney Fields Charllable Trusl I'lhe chaiity'l for the year ended 5 April 2024. Responslbllltles and basss of report As the trustees ol the charity you are responsible for the preparallon of the financial slalemenls In a¢cordance with the requlremenls of the Charities Act 2011 I'the Acl'l. I report In respect of my examination of the charity's financlal slalemenls carried out under sectlon 145 of the 2011 Act and in carrying out my ex8mlnalion I have followed all the applicable Dlreclions glven by the Charity Commission under section 14515llbl of the Act. Indèpend&nt gxamlnerfs statement I have completed my examination. I confirm that no material mallers have Come to my attention in connecllon th the examination giving me cause lo belleve Ihal in any material respect.. accounting records were not kept in respect ol the charity as required by secllon 130 of the Acl.. or Ihe financial slalemenls do nol accord wlh those records.. or the flnanclal slalemenls do nol compty wlh the 8ppll¢able requirements conceming the form and ¢onlenl of accounts sel out in the Charities IAc¢ounls and Reports) Regulations 2008 other than any requirement that the accounls give a 'true and fal¢ vlew which is not a maller consldered as part of an independent examination. I have no concerns and have come across no other matters in ¢onne¢tlon with the examination lo whlch allenlion should be drawn In this report in older lo enable a proper understanding of the accounts lo be reached. AlislaiT Russell Independent Examlner Gibson Booth. Ch8rtereil Accounianls New Court Abbey Road North Shepley Huddersfield HD8 8BJ 8lif) Iz
The Sulney Figlds Charitable Trust Statement of Finan¢lal Actlvities Year ended S April 2024 2024 Unreslricled funds 2023 Total funds Tolal funds Notè Incom& and endowments Donations and legacies Inveslmenl income 50.000 28,578 33,831 33,831 Total Incomo 33,831 33,831 78.578 Expenditure Expendilure on charllable activities Other expenditure 181,029 13,6441 181.029 13,6441 197,44g 18,668} Totsl expondlture 177.385 177.385 188,781 Nel (gainsll105ses on Investments 10 {240,700} {240,7001 119,014 Not Incomellexpendltural and net movgmant In funds 97.146 97,146 1229,2171 Roconclllation of funds Total lunds brought fotwarLI Total fund5 carrlgd forward 2,226,602 2,226,602 2,455,819 2,323,748 2,323,748 2,226.602 The slalemenl of financial activities includes all gains and losses recogni5ed In the year. All Income and expendlture derive fiorn continuin9 aclivilie8. The note5 on pages 6 to 9 fom part of these flnanclal statements.
Tho Sulnoy Flelds Charltablo Trust Statement ol Flnanclal PosltSon 5 Aprll 2024 2024 2023 Noio Flxod a$¥gts Inveslmenls 13 2.309,173 2.217.873 Cuttont 88891$ Cash 01 bank and IA hand 16.495 10,5?9 Crodltorn: omounl$ falllng duts wlthln ono yoar Nol curront asso 14 1.920 1.800 14.575 8.729 Total assots lo$$ ¢urront114blll¢les 2,323.748 2,226,602 Not assots 2.323.748 2,226.602 Funds ol tho charfty Unreslricled lund5 2.323.748 2.226.602 Total chailty lunds 1$ 2,323.748 2,226.602 These financial stalemenls weie approved by Ihe board ol trusie¢s and aulhonsed lor Issue on on behalf of the board by and are signed Mr R A Dow50n Tru51ee Th• IFOiO8 on pagoj 6 lo 9 lofm part ol ihoso flnan¢lo1 slalomontg.
The Sulney Fields Charitablg Trust Notes to the Financlal Statements Year ended 5 Aprll 2024 General Infom)atlon The charlly is a registered charity in England and Wales and is unlncorporaled. The addre55 of the principal office Is Byways, Shophouse Lane, Albury, Guildford. GU5 9EQ. stst&mont of compllance These financial slalemenls have been prepared In compliance wllh FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl of Recommended Practlce applicable lo cha¥il4'es prepat(ng Iheir accounts in accordan wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (Charities SORP {FRS 10211 and the Charities Act 2011. Ac¢ountlng pollclgs Basis of preparation The financial slalemenls have been prepared on the hlslorical cost basis, as modified by the revaluation of certaln financial assets and liabilities al fair value through income or expenditure. The financial slatemenls a prepared in sterling, whl¢h is (he functional currency ol Ihe enllty. Golng conc9rn There are no material uncertainties about the charily's ability lo conbnue. Judgemènts and key sources of estlmatlon uncertalnty The preparallon of the financlal slalemenls did not requlre management to make any significant judgements, estimates or assumplions. Fund a¢countlng Unreslricled funds are avallable for use al the discretion of the Iruslees lo ftjrther any of the chaiily's purposes. Incomlng resources All income Is induded in the slalemenl of finanaal aclivllles when enlillemenl has passed lo the charity,11 is probable that the economic benelils associ8led wilh the transaction wll flow lo Ihe charfty and Ihe amount can be reliably measured. The following specific pollcles are applled lo partlcular categories of In¢ome'. income Irom dtsnalions or granls is recognised when there $5 evidence of enlillement lo the girt, recelpl is probable and Is amount can be measured reliably. Resources èxpendgd All expendilure is accounted for on an accruals basis and has been classified under headings Ihal aggiegale all Costs related lo that category. Investmgnts Listed investments are measured al fair value with changes in fair value being recognised in profil or loss. Donatlons and legacles Unreslricled Funds Tolal Funds 2024 Unrestricted Funds Tolal Funds 2023 Donatlons Donations from Iruslees 50,000 50,000 Investment Income Unieslrl¢led FurKJ$ Total Funds 2024 Unreslricled Funds Tolal Funds 2023 Bank interest receivable Dividends received 907 32,924 907 32,924 193 28,385 193 28,385 33,831 33.831 28.578 28,578
The Sulney Fields Charitsble Trust Notes to the Flnancial Ststements (continued) Year ended 5 Aprll 2024 Expenditure on charltabl& actlvltles by fund typ& Unreslricled Funds Total Funds 2024 Unrestricted Funds Total Funds 2023 Charitable donations Support cosls 176,114 4,915 176,114 4,915 192,381 5,068 192.381 5.068 181,029 181,029 197,449 197,449 Expendlturtr on charltable actlvltles by actlvlty typg Activities undertaken directly Support costs Total funds 2024 Total fund 2023 176,114 192,381 4,915 5,068 Charitable donallons Governance cos15 176.114 4,915 176,114 4,915 181.02g 197,449 Analysls of grants 2024 2023 Grants to instltutlons FARM Africa The Mango Tree Stephen Lewis Foundation War Chlld Sl. Andrews School, Nairobl, Kenya MSF UK Climate OutaCh Peace Direct Carolina for Kibera. Kenya Hamin Fislula UK Ifor Elhiopi81 ndle Trust 15,000 10.000 19,915 50,000 6,172 20,000 10,000 15,000 10,027 10,000 10,000 15,000 10.000 40,030 55,000 7.324 20,000 15,000 10,027 10,000 10,000 176,114 192,381 Total grants 176.114 192,381 Other expendltur Unreslricled Funds Total Funds 2024 Unreslricled Funds Total Funds 2023 Forelgn currency galn 13,644) 13,6441 18,6681 {8,668} 10. Not galnslllossesl on Invastments Unrestricted Funds Total Funds 2024 Unreslri¢led Funds Total Funds 2023 Unrealised gainslllossesl on inveslmenls Realised gainslllossesl on inveslmenls 19,728) 250,428 19,7281 250,428 19S.101} 122,913) (119,0141 196,1011 122,9131 {119,0141 240,700 240,700
The Sulney Fields Charltable Trust Notes to the Flnancial Statements (Continued) Year ended 5 Aprll 2024 11. Indopendent examlnatlon feès 2024 2023 Fees payable lo the independenl exa¥niner for.. Independent examination of the finanaal slalemenis 1,920 1,800 12. Trustee remuneratlon and expenses No remuneration or other benefits from employment wilh the charity or a related entity were received by the Iruslees 12023-. £nlll. 13. Inv&stments Cash or cash equivalents sled Investments Total Cost or valuatlon Al 6 April 2023 Additions Disposals Other movemenls 19,555 185,883 1187,547) 2,198.318 2,217,873 185.883 1335,2841 240,701 1147,737) 240.701 At 5 Aprll 2024 17,891 2,291,282 2,309,173 Impalrment At 6 Aprll 2023 and S Aprll 2024 Carrylng amount At 5 Aprll 2024 17.891 2,291.282 2.309,173 Al 5 Aprll 2023 19.555 2.198,318 2.217,873 All Inveslmenls shown above are held al valuallon. Flnanclal a$sets held at falr value Listed investments are measured at fair value based on the bid prlce, supplied by Bloomberg or other sources 81 the close ol business on 5 April 2023. The hisloiical cost of investments al the year end was £2,027,73912023 £2,186,868}. 14. Crèdltors: amounts falllng duè wlthln one y•ar 2024 2023 Acctuals and deferred Income 1,920 1,800
The Sulney Flelds Charitable Trust Notes to the Finan¢lal Statements (¢onllnuedJ Year endod 5 Aprll 2024 15. Analysts of charltable funds Unrgstrlcted funds Gains and losses Al 5 April 2024 At 6 April 2023 Income Expendilure General funds Expendable Endowment Fund (31,525) 2,258,127 33,831 1177,3851 240,700 65,621 2,258,127 2,226,602 33,831 1177,3851 240,700 2,323,748 Gains arKI losses Al 5 April 2023 At 6 April 2022 Income Expenditure General funds Expendable Endowment Fund 197,692 2,258,127 78.578 1188,7611 1119,014} (31,5251 2,258.127 2.455,819 78,578 1188,7811 1119,014) 2,226,602 16. Analysls of net assets batween funds Unreslricled Funds Tol81 Funds 2024 Investments Currenl assels Creditors less Ihan 1 year 2,309,173 16,495 {1,9201 2,309,173 16,495 11.920} Net assots 2,323,748 2,323,748 Unrestricted Funds Total Funds 2023 Investments Current assels Creditors less than 1 year 2.217.873 10.529 11,800) 2.226,602 2,217.873 10,529 11,8001 2,226,602 Nèt a$$&ts