**The Mango Tree Orphan Support Programme** (Registered Charity Number 1095767)
**The Mango Tree Orphan Support Programme ANNUAL REPORT AND EXAMINED FINANCIAL STATEMENTS For the year ended 31 March 2024**
**The Mango Tree Orphan Support Programme** (Registered Charity Number 1095767)
## **ACCOUNTS 31 March 2024**
|**CONTENTS**||
|---|---|
|LEGAL AND ADMINISTRATIVE INFORMATION|3|
|TRUSTEES' REPORT|4|
|STATEMENT OF TRUSTEES' RESPONSIBILITIES|6|
|INDEPENDENT EXAMINERS' REPORT|7|
|STATEMENT OF FINANCIAL ACTIVITIES|8|
|BALANCE SHEET|9|
|STATEMENT OF CASHFLOWS|10|
|NOTES TO THE ACCOUNTS|11|
**The Mango Tree Orphan Support Programme** (Registered Charity Number 1095767)
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
The Trustees who served during the year were:
William Fulton Gail Fulton Rachel Lindley Nic Merrett Nick Moss Ben Rudman Giles Harrison
**Principal address** 57 Bisley Road Stroud Gloucestershire GL5 1HF
**Bankers** HSBC Bank plc 99 – 101 Lord Street, Liverpool, L2 6PG
CCLA Investment Management Limited Senator House, 85 Queen Victoria Street, London EC4V 4ET
## **Independent Examiner**
Tony Stanley ACA BWM Chartered Accountants Tempest, Suite 5.1 12 Tithebarn Street Liverpool L2 2DT
**Solicitors**
Brabners LLP, Horton House Exchange Flags Liverpool L2 3YL
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3
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 March 2024**
The trustees present their report and accounts for the year ended 31 March 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and “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) (as amended for accounting periods commencing from 1 January 2019.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102, rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
## **Structure Governance and Management**
- The Charity is constituted by trust and is governed according to the Charitable Trust Deed of The Mango Tree Orphan Support Programme.
- The Charity was governed by seven trustees, all of whom served throughout the financial year. Decisions were made by these trustees. The Charity employs no members of staff.
- Trustees are appointed by resolution of the other trustees. There is no formal training / induction policy for trustees.
## **Objectives and Activities**
- The objective of The Mango Tree Orphan Support Programme, to carry out its aims for public benefit, is to relieve poverty, sickness and distress and advance education amongst children in Tanzania and other countries in Africa who have lost one or both parents through HIV, AIDS and/or related illness.
- The main activities of The Mango Tree Orphan Support Programme is fundraising, the provision of grants, providing strategic direction, project development, capacity building, organisational development support, which supports projects and community-based organisations in Eastern and Southern Africa.
- The plans for the future of The Mango Tree Orphan Support Programme are documented in the Charity’s Annual Report, which is available on the website (www.themangotree.org)
- The Charity has paid due regard to the Charity Commission’s guidance on public benefit.
## **Achievements and Performance**
This year we have continued to deliver our three main overseas programmes in Kenya, Tanzania and Malawi: • Learning and Skills for Life , Girls for the Future and Our Lives Our Land
These three programmes are being delivered in partnership with The Mango Tree Kenya, operating in Homabay County western Kenya; Kanisa la Moravian and the Tanzania Deaf Skills Forum (TDSF), based in Kyela District, south west Tanzania and The Mango Tree Malawi, operating in the southern districts of Malawi. During the year, we ceased our working relationship with Kanisa la Moravian in Kyela.
More detailed information and case studies included in the annual report, which can be viewed online at www.themangotree.org
The trustees renewed their contract with The Wilder Network CIC to provide fundraising, governance and training services. The latter being to assist our partners to become independent but self-sustainable in the coming years.
## **Financial Review**
The results for the year and the charity’s financial position at the end of the year are shown in the attached financial statements. The trustees reviewed the financial position of the charity at the year end and considered this to be satisfactory.
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
As at the year-end, our reserves consisted of: £ Unrestricted funds 91,975 Restricted funds 21,400 Designated Education Reserve Fund 365,060 --------£478,435
The restricted donations totalling £21,400, which will be expended during the current financial year.
## **Plans for Future Periods**
The trustees have agreed to cease our community development support for our partners with effect from the end of the financial year to 31[st] March, 2025. We are assisting our partners to become independent and sustainable by improving their skills in fundraising, monitoring and evaluation and strengthen their management systems and procedures. However, the trustees will continue to fund the education requirements of the orphans, who are registered with our partners until these orphans have completed their education and training.
## **References and Administration details**
The trustees have a grant funding agreement with The Wilder Network CIC for the delivery of fundraising, communications, partnership development and administration work, as part of the Sustainable Communities Project that is funded until April 2025. The trustees also contract a part-time self-employed Financial Management Consultant, to manage the charity’s financial administration. Management decisions are taken by the trustees.
## **Reserves policy**
- Reserves are held to secure 6 months running and administration costs for the UK charity and for meeting overseas grant-making related to our education commitments. We have a reserve fund for future education costs. Conscious of their long-term liabilities for the education costs of the registered orphans in Tanzania and Kenya, the trustees have maintained the Designated Education Reserve Fund during the year.
## **Risk Statement**
- The major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems or procedures have been established to manage those risks.
## **Grant making**
- Grants are made to the Kyela Orphan Support Project and the Tanzania Deaf Skills Foundation– both in Tanzania and The Mango Tree Orphan Support Trust – Kenya, The Mango Tree Orphan Support Trust in Malawi and the late Mary Keynes’ students in Uganda in furtherance of the Charity’s objectives.
Approved by the Board of Trustees and signed on their behalf by:
W D Fulton 4[th] July, 2024
`5`
## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing the Trustees’ Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts 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 year.
In preparing these accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient 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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions.
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## **Independent Examiner’s Report to the Trustees of the Mango Tree Orphan Support Programme**
I report to the trustees on my examination of the accounts of The Mango Tree Orphan Support Programme (the trust) for the year ended 31 March 2024.
This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As the charity trustees of the trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘’the Act’’).
I report in respect of my examination of the trust’s accounts carried out under section 145 of the 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**
Since the charity’s gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the trust has prepared accounts in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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.
**Tony Stanley ACA** BWM Chartered Accountants Tempest, Suite 5.1, 12 Tithebarn Street, Liverpool, L2 2DT Date: 14[th] August, 2024
`7`
## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
Current financial year
|||Un-restricted|Restricted|**Total**|Total|
|---|---|---|---|---|---|
|||2024|2024|**2024**|**2023**|
||**Note**|**£**|**£**|**£**|**£**|
|**Incoming resources**||||||
|**Income from:**||||||
|Donations|3|365,430|104,400|469,830|458,318|
|Investments|3|26,451|-|26,451|6,951|
|**Total**||**391,881**|**104,400**|**496,281**|**465,269**|
|**Expenditure on:**||||||
|Raising funds|4|63,439|-|63,439|50,749|
|Charitable activities|5|283,924|89,000|372,924|491,564|
|**Total**||**347,363**|**89,000**|**436,363**|**542,313**|
|**Net movement in funds**||**44,518**|**15,400**|**59,918**|**(77,044)**|
|**Reconciliation of funds:**||||||
|Total funds brought forward||412,515|6,000|418,515|495,559|
|**Total funds carried forward**||**457,033**|**21,400**|**478,433**|**418,515**|
|Prior financial year||||||
|||Un-restricted|Restricted|**2023**||
||**Note**|**£**|**£**|**£**||
|**Incoming resources**||||||
|**Income from:**||||||
|Donations|3|314,625|143,693|458,318||
|Investments|3|6,951|0|**6,951**||
|**Total**||**321,576**|**143,693**|**465,269**||
|**Expenditure on:**||||||
|Raising funds|4|50,749|-|50,749||
|Charitable activities|5|274,871|216,693|491,564||
|**Total**||**325,620**|**216,693**|**542,313**||
|**Net movement in funds**||**(4,044)**|**(73,000)**|**(77,044)**||
|**Reconciliation of funds:**||||||
|Total funds brought forward||416,559|79,000|495,559||
|**Total funds carried forward**||**412,515**|**6,000**|**418,515**||
All amounts relate to continuing operations.
All gains and losses recognised in the year are included above.
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## **BALANCE SHEET AS AT 31 MARCH 2024**
|**BALANCE SHEET AS AT 31 MARCH 2024**||||
|---|---|---|---|
|||**2024**|2023|
||**Notes**|**£**|£|
|**CURRENT ASSETS**||||
|Short term investments|7|365,060|349,551|
|Cash at bank and in hand||115,091|70,681|
|||**480,151**|**420,232**|
|**LIABILITIES**||||
|Creditor: Amount falling due within one year|8|(1,716)|(1,716)|
|**TOTAL NET ASSETS**||**478,435**|**418,516**|
|**THE FUNDS OF THE CHARITY**||||
|**General funds**||||
|Unrestricted funds|9|91,975|62,965|
|Restricted fund|9|21,400|6,000|
|Designed Education Reserve Fund|9|365,060|349,551|
|**TOTAL CHARITY FUNDS**||**478,435**|**418,516**|
The accounts were approved and authorised for issue by the Board of Trustees and were signed on its behalf on 4[th] July, 2024.
## W.D.Fulton Trustee
`9`
## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## **STATEMENT OF CASH FLOWS**
|**STATEMENT OF CASH FLOWS**|**STATEMENT OF CASH FLOWS**|
|---|---|
|**2024**
2023
**£**
£
**Cash flows from operating activities**
**_Net cash generated (2023:used) in operating_**
**_activities_**
**44,410**
**(85,845)**
**Investing activities**
Interest received
15,509
6,951
_Net cash generated in from (2023:used) investing_
_activities_
**59,919**
**(78,894)**
**_Change in cash in the reporting period_**
**Cash at the beginning of the reporting period**
**420,231**
**499,125**
**Cash at the end of the reporting period**
**480,150**
**420,231 **
**Reconciliation of net income (expenditure) to net cash flow from operating activities**
**2024**
2023
**£**
£
**_Net income ( expenditure) for the year as per the_**
**_Statement of Financial Activities_**
**59,918**
**(77,044)**
**Adjustments for:**
Investment income recognised in the Statement of
Financial Activities
(15,509)
(6,951)
Change in year-end creditors
-
(1,850)
**_Net cash provided by (2023:used in) operating_**
**_activities_**
**44,409**
**(85,845)**||
|
**_Net income ( expenditure) for the year as per the_**
**_Statement of Financial Activities_**
**Adjustments for:**
Investment income recognised in the Statement of
Financial Activities
Change in year-end creditors
**_Net cash provided by (2023:used in) operating_**
**_activities_**||
||**44,409**
**(85,845)**|
```
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## _**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 ACCOUNTING POLICIES**
## **a. Accounting convention**
The accounts have been prepared in accordance with the charity’s trust deed, the Charities Act 2011 and “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) (as amended for accounting periods commencing from 1 January 2019. The trust is a Public Benefit Entity as defined by FRS 102.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
## **b. Going concern**
At the time of approving the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the ‘going concern’ basis of accounting in preparing the accounts.
## c. **Recognition of income**
All income is accounted for on a receivable basis when
- the charity becomes entitled to the resources;
- it is probable that the income will be received; and
- the monetary value can be measured with sufficient reliability.
## **d. Expenditure**
Grants and donations are recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Other costs incurred relate to our part-time fundraisers and the costs of stationery and travel for those fundraisers, along with the cost of the independent examination.
## **e. Governance costs**
Governance costs are the costs associated with the governance arrangements of the charity. The costs are associated with constitutional and statutory requirements of the charity’s activities.
## **f.Taxation**
The charity benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. Recovery is made of tax deducted from qualifying income and from receipts under Gift Aid. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT.
## **g. Funds**
Funds held by the charity are:
- Unrestricted general funds - these are funds, which can be used in accordance with the charitable objects at the discretion of the trustees.
- Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
- Designated funds comprise funds, which have been set aside at the discretion of the trustees for specific purposes. The purposes and use of the designated funds are set out in the notes to the statements.
- h. **Cash and cash equivalents**
- Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts.
## **i** . **Financial instruments**
- 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. the contractual provisions of the instrument.
settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## **Basic financial instruments**
Basic financial liabilities, including creditors and bank loans are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present day value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **Derecognition of financial liabilities**
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## 2. **CRITICAL ACCOUNTING ESTIMATES AND JUDGMENTS**
In the application of the charity’s accounting policies, the trustees are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future period
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## _**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (CONT’D**_
## **3. INCOME**
|**3. INCOME**|||
|---|---|---|
|Donations:
Individual, company, trust donations and grants
Online sponsorship income
2023
Investment income:
Bank interest
Interest on deposit fund
Increase in the value of investments
2023
**4 RAISING FUNDS**
Fundraising costs
Anniversary celebrations
**5 CHARITABLE ACTIVITIES**
Grants made to:
TMT Orphan Support Trust - Kenya
TMT Education Trust- Kenya
Kyela Orphan Support Project - Tanzania
Tanzania Deaf Skills Project
Eyeta Organisation - Tanzania
TMT Orphan Support Trust - Malawi
Mary Keynes students - Uganda
**Total grants to institutions**
Governance costs
**Total**
2023|Unrestricted
funds
Restricted
funds
**2024**
2023
£
£
292,748
104,400
397,148
397,938
72,682
-
72,682
60,380||
||**365,430**
**104,400**
**469,830**
**458,318**
314,625
143,693
10,304
-
10,304
4,598
638
-
638
109
15,509
15,509
2,244||
||26,451
6,951|0
**26,451**
**6,951**|
||**Unrestricted**
**funds**
**2024**
Unrestricted
funds
2023
£
£
56,476
50,749
6,963
-
**63,439**
**50,749**
Unrestricted
funds
Restricted
funds
**2024**
2023
£
£
145,974
73,667
219,641
184,821
-
143,600
44,971
-
44,971
58,218
61,740
2,400
64,140
36,402
-
5,000
11,709
-
11,709
33,564
11,658
-
11,658
10,340||
||||
||**276,052 **
**76,067**
**352,119**
**471,945**||
||7,872
12,933
20,805
19,619||
||**283,924**
**89,000**
**372,924**
**491,564 **||
||274,891
216,693||
```
13
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## _**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2024 (CONT’D)**_
Governance costs include the fees of £1,716 charged by the independent examiner (2023: £1,716).
## **6. FINANCIAL INSTRUMENTS**
|**6. FINANCIAL INSTRUMENTS**|||
|---|---|---|
||**2024**|2023|
|**Carrying amount of financial assets**|£|£|
|Debt instruments measured at cost|480,150|420,232|
|**Carrying amount of financial liabilities**|||
|Measured at cost|1,716|1,716|
|**7. SHORT TERM INVESTMENTS**|||
||**Investment funds**||
|**Cost as at 1 April 2023**||**349,551**|
|Movement during the year||15,509|
|**Cost as at 31 March 2024**||**365,060**|
Investments are held in COIF Charities Deposit Funds and CCLA unit trusts at CCLA Investment Management Ltd
|**8. CREDITORS**
Fee for the Independent Examiner
**9. FUNDS**
Current financial year
**Unrestricted funds**
**£**
As at 1 April 2023
62,965
Income
Expenditure
37,409
Transfer
to
Designated
Education Fund
**At 31 March 2024**
**91,975**|**8. CREDITORS**
Fee for the Independent Examiner
**9. FUNDS**
Current financial year
**Unrestricted funds**
**£**
As at 1 April 2023
62,965
Income
Expenditure
37,409
Transfer
to
Designated
Education Fund
**At 31 March 2024**
**91,975**|**8. CREDITORS**
Fee for the Independent Examiner
**9. FUNDS**
Current financial year
**Unrestricted funds**
**£**
As at 1 April 2023
62,965
Income
Expenditure
37,409
Transfer
to
Designated
Education Fund
**At 31 March 2024**
**91,975**|||**2024**
2023
£
£
1,716
1,716
**1,716**
**1,716**|**2024**
2023
£
£
1,716
1,716
**1,716**
**1,716**|**2024**
2023
£
£
1,716
1,716
**1,716**
**1,716**|
|---|---|---|---|---|---|---|---|
|||**Unrestricted funds**
**£**
62,965
37,409||**Designated**
**Education Fund**
**£**
349,551
15,509
-|||**Restricted**
**funds**
**Total**
**£**
**£**
6,000
418,516
104,400
119,909
(89,000)
(51,591)|
|||||**£**
349,551
15,509
-||||
|||**91,975**||**365,060**|||**21,400**
**478,435**|
```
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## **The Mango Tree Orphan Support Programme**
(Registered Charity Number 1095767)
## _**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2024 (CONT’D**_
|prior financial year
As at 1 April 2022
Income
Expenditure
**At 31 March 2023**||**Unrestricted funds**
**£**
69,252
319,332
(325,620)||**Designated funds**
**£**
347,307
2,244
-|**Designated funds**
**£**
347,307
2,244
-|**Restricted**
**funds**
**£**
**£**
79,000
495,559
143,693
465,269
(216,693)
(542,313)|
|---|---|---|---|---|---|---|
|||||**£**
347,307
2,244
-|||
|||**62,965**||**349,551 **||**6,000**
**418,516**|
Unrestricted funds are funds, which the charity can use in accordance with its charitable objectives.
The charity received restricted eight donations totalling £104,400. These were:
|
These were:||
|---|---|
|Samworth Foundation|30,000.00 Sustainable communities|
|Noel Buxton CT|10,000.00 Our Lives, Our Land - Kenya|
|Oglesby CT|20,000.00 Organisational Development grant|
|Tolkien Trust|20,000.00 Girls for the Future|
|James Tudor Trust|5,000.00 Learning and Skills for Life|
|W F Southall CT|3,000.00 Sexual and reproductive health training|
|Angus Lawson Memorial Trust (ALMT)|14,900.00 Learning and Skills for Life & surgery|
|Fulmer CT|1,500.00 Learning and Skills for Life|
The charity also received an unrestricted grant of £15,000 from The Baring Foundation and several others.
## **10. TRUSTEE EXPENDITURE**
During the period, none of the trustees received remuneration (2023: none).
## **11. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Current financial year
Fund balances at 31 March 2024 are represented by:
Current assets/(liabilities)
Prior financial year
Fund balances at 31 March 2023 are represented by:
Current assets/(liabilities)|**Unrestricted**
**funds**
**Designated**
**Education**
**Fund**
**Restricted**
**funds**
**Total**
£
£
£
91,975 365,060
21,400
478,435|
|---|---|
||**Unrestricted**
**funds**
**Designated**
**Education**
**Fund**
**Restricted**
**funds**
**Total**
£
£
£
62,965 349,551
6,000
418,516|
## **12. RELATED PARTY TRANSACTIONS**
There were no other related party transactions during the year.
```
15
```