**Charity registration number 1098865** ## **THE VANESSA GRANT TRUST (UK)** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **THE VANESSA GRANT TRUST (UK)** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Anna Thrupp| |---|---| ||Lucinda Bolton Carter| ||Sarah Darling| ||Karen Robertson- Macleod| ||Lauren Sundercombe| |**Charity number**|1098865| |**Principal address**|Broomfield House| ||Church Path| ||Queen Camel| ||Yeovil| ||Somerset| ||BA22 7NX| |**Independent examiner**|Colin Dadswell FCA ACCA DChA| ||Caladine Limited| ||Chantry House| ||22 Upperton Road| ||Eastbourne| ||East Sussex| ||BN21 1BF| ## **THE VANESSA GRANT TRUST (UK)** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Statement of trustees' responsibilities|3| |Independent examiner's report|4| |Statement of financial activities|5| |Statement of financial position|6| |Notes to the financial statements|7 - 13| ## **THE VANESSA GRANT TRUST (UK)** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ The trustees present their annual report and financial statements for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust'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) (effective 1 January 2019)". ## **Objectives and activities** The Vanessa Grant Trust UK (VGT) was established in the UK in 2003, initially to raise funds for the Vanessa Grant School for Children with Special Needs (VGS) in Rongai, Kenya. Since then, it has broadened its remit to support other education projects in this predominantly rural area of Kenya's Rift Valley, particularly the Vanessa Grant Girls' School (VGGS). The Vanessa Grant Trust (UK) works in collaboration with local partner charities in Kenya to broaden the educational opportunities for the growing number of children in the areas. The projects are also supported by independent partner charities in the USA and Australia. ## **Public benefit** The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake. ## **Achievements and performance** ## **Report from the Manager of our local partner charities in Kenya:** 2022 was indeed a stressful year and many schools struggled with challenges of teacher and student burn out. The **Vanessa Grant Girls’ School** worked its way through the year and avoided any major disruptions. Overseas Trustees for Kenya partner charities were able to visit for the first time in three years whilst Trustees from the UK charity will visit early in 2023. ## **Sponsorship** As anticipated parents have struggled with inflation and the prospect of paying the inevitable increase in school fees. ## **Vanessa Grant School for Children with Special Needs** The trust was able to fund an upgrade to the kitchen and dining area and some much-needed maintenance. A Music Therapist has joined the staff as a volunteer to add to the services of the Occupational Therapist. Riding for Disabled continues weekly thanks to support from the local community. ## **Flames of Hope** Thanks to the Dulverton Trust, the school has a very smart new kitchen and dining area. All staff were also trained in safeguarding and the development of policies in this area. Kenya is in the middle of a significant drought. The two wells at the school have dried up completely. Water now has to be brought to the school in a bowser from the river. A sustainable long-term solution is the current challenge as there is no municipal supply. ## **Vocational School** Water supply to this school has held up through the drought and additional storage for rain water has been added. ## **Gogar Primary School** Excellent use of the new hall funded by the trust has been on-going with frequent meetings and training by the Ministry of Education as the country develops its new Competency Based Curriculum. More IT support has been provided with training for teachers and two more desk top computers have been delivered for staff training. - 1 - THE VANESSA GRANT TRUST (UK) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 St Mlcha•l Thi$ $¢hool is doing well and was recenty recognised a5 the I&￿ing nLwsery in the aw Prowding young children with the skills needed for &ntry to primary sdK¥Jl. Volunts•r Pvogrnffl The trust hosled Ion volunteers for three months earfy in the year. Th980 peoFle W0￿e￿ In drflèrent gthools according the tl)eif skills and the sCho￿.S needs. The Mokn Riv8r HfAw has rtah.sed a modest ino)me for the trust from the growing demand by paying guests. Flnthncthl rnvl•w The tot81 income lor the year was £271.661, of whith £257.659 wa$ restr1d￿. Th¥ total expenditure for th8 year was £180.429. ofwhid) £164.443 was restricted. 11 is th8 policy of the Truslees to maintain a level of reseryes in order to meet the admini$trats've costs ol operating the charty. Funds 8r• also letsir￿d 80 that the tharrty can respond to nood$ as they arlsg. 11 also provld•8 1Smo to find new sources of income rf regular fundiThJ rtdvces. Rl•k m•na9gnwJnt The trustees have assessed the major risks to whK* the Trust h exp)sod. and are 88ti8fled that syytemy in place to mth'gate expo8uro to the major ri8k8. Pl•n• for luturn p•rlod• The Trustees consider lh• Cha￿Y to b• 8 wrwj ¢¥)rt¢￿, opwat¥N for the pubh'c b￿•fft for chibjrgn in K•nya, induding thos8 With sp9oal ne8ds. Requ8s18 fof grants arn rec4i4*d from parlrw thori1￿$ m Kenya and ¢on8idered ty 811 the trustees. Given the ujmpiotion of many of the sthod buildin9 proj¢ds. tho trustees endeavour to steward a reasonable ¢ushion of funds lo ensure Ihese projects conts'nue lo be prwrty managed on ihe ground and so that they may m88t any Unexpect￿ needs ari8lng In the Sel￿1¥ it supports. structurn, gov•manc• and m•nag•m•nt The Iru$lee¥ of The Vanessa Grant Tnjst are appoinled ￿th tha Tnjsl doeds by resolution of the exl8ting INslees. Under the deeils, there are required to be at feast three trustees. The trustees have 811 w$ited Kwya atvj continue to do so in order to make firstthand asse55m8nts of th8 proj8cls supported by VGT. Nontr of the Iruslees reco￿ any lets or benefits from the Trust. The trustees who seryed during the year and up to the date of svJnature ofthe finangal slatgments were.. Anna Thiupp Luunda Bohon Cartor Sarah Darfing K2ren Roberts0￿ Macl8od Lauren Sundercombe The trustees. report was approved by Ihe 8oard ofTruste8S. Lurynda 8oAon Carter Trustse ## **THE VANESSA GRANT TRUST (UK)** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 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 and 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 Trust and of the incoming resources and application of resources of the Trust for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements 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 financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust 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 Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 3 - THE VANESSA GRANT TRUST (UK) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VANESSA GRANT TRUST IUKI l ￿pOrt to the trustee8 on my examlna16on of the finanaal 3tatement8 of The VaneBsa Grant Trust IUK) Ohe Trust) for th• year ended 31 December 2022. R•gponglbllltle8 and ba•1• of r•port As the trustees of the Trust you are reSpon￿ble for the preparallon of the finand818taternpnls In accordance Ithth the reqU1￿MentS ol the Charities Act 2011 (the 2011 Acll. I report in respect of my examlnaUon of the Trust's fin8nclal st8lemBnts eathad out und•r ￿￿10n 145 01 Ihe 2011 Act. In carrying out my examin8tion I have followed 811 the gppllcable Dlr•ctlon8 gI￿n by the Cha￿ty Comml$$lon under seclion 14515llbl of Ihe 2011 Acl. Ind•p•nd•nt •x•mIn•￿8 •tat•ment Slnce the Trusl's gro88 Income exceeded £250,000 y￿r •x8mln•r mu$l be o m$mber of 8 tody Ililed In 8ectl¢n 145 01 the 2011 Act. I confirm that l am qualified lo undertake Ihe &xamin8tlon b¢￿V5¢ l 4m a mombw of Thv A¥8ocsats'on of Chartwed Certified Accountant6. whlch IS one ol the118led bodie8. Your allenllon Is drawn lo the fact that Ihe charity h88 prepared financial stalernenls In accordance wlh Accounting and Reportlng by Ch£ritl8s preparlng their OCCDunl¥ In accordance wlth the Flnancial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 In preferenc8 to the Accounllng and Reporting by Ch8rille8.' Statement of Recommended Practlce Issuad on 1 Aprfl 2005 whl¢h Is referr•d lo In the extant r•gulalJons bul has now been Ywlhdrawn. l underit8nd that Ihii h?$ been done In order for finand•l Btaternents lo provlde a true and falr vl8w In accordance wlth Gen•r8lly AC￿pIe￿ Accounllng Pr•ctlce efftcllve for reportlnq perfods beglnning on OT after 1 January 2015. I have compl¢led my examln•lion. I confirm that no maller8 hove come lo my attention in connecllon wlth the exarnlnotlon glvlng me cause lo bellev¢ that In any m8l¢rl81 roBpe¢l'. o¢countlng record8 were not kept in respect of the TruBt a6 required by section 130 of Iht 2011 Act,. or the financial 8laternent8 do not accord %￿lh those records., or the financial ital•m8nt8 do not comply with the 8ppllcable requiTements concerning the form and content ol accounls sel out in the Charfti•s IAccounts and ReptsrtÈ) R¢gul8llons 2008 olhor IhBn 8ny requirement IhBI the accounls 8 true and fair vlew whlch Is not A mattor ¢on$llored as part of an Independent examinabon. I have no concem8 and hove r￿me 8cro88 no other matters In ¢onn¢ctlon ￿th the ¢xomlnallon lo whlch 8ttenllon 8hould be drawn in this report in order lo enable a proper undefstanding of Ihe flnanclal 8t8t8m•nts to be faachèd. Colln Dad•w•ll FCA ACCA DChA CalAdine Limll6d Chantry House 22 Upperton Road Easlbovme East Sussex 8N21 1 BF Dated.. ## **THE VANESSA GRANT TRUST (UK)** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
15,105
257,659
**Expenditure on:**
Charitable activities
**4**
15,986
164,443
**Net (outgoing)/incoming**
**resources before transfers**
(881)
93,216
Gross transfers between
funds
**9**
(5,186)
5,186
**Net (expenditure)/income for**
**the year/**
**Net movement in funds**
(6,067)
98,402
Fund balances at 1 January
2022
50,680
165,124
**Fund balances at 31**
**December 2022**
44,613
263,526|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2021**
**2021**
**£**
**£**
**£**
272,764
15,368
227,370
180,429
15,359
197,736
92,335
9
29,634
-
(9,471)
9,471
92,335
(9,462)
39,105
215,804
60,142
126,019
308,139
50,680
165,124|**Total**
**2021**
**£**
242,738| |---|---|---| |||213,095| |||29,643
-| |||29,643
186,161| |||215,804| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 5 - THE VANESSA GRANT TRUST (UK) STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2022 2022 2021 Curr•nt a88ets Trade and other r•ceiwabl8$ Cash al bank and in harKI 325.256 217.544 326.359 118.2201 217.544 11.740} Curr•nl Il•blllil•• Net ciirr8nt as$ots 308.139 215,804 Incom• lund• Restrided fijnds Unrestricled lunds 263.526 44.613 165,124 50,860 308,139 215,804 1 s/..y./ z S The flnandd stslèmants wgrg aFqYob*d by Twle•s on....... . Lucinda Bolton Carter Tru•t•• ## **THE VANESSA GRANT TRUST (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies** ## **Charity information** The Vanessa Grant Trust (UK) is a charity with the principal address of Broomfield House, Church Path, Queen Camel, Yeovil, Somerset BA22 7NX. The main aim of the charity is to advance and further the education of people, especially children and young people, including those with special needs in primary, secondary school and above. The charity primarily operates in the Rongai region on Kenya, but is not exclusive to this area. They strive to meet these objectives through the provision of funds for the construction of school buildings and facilities, awarding grants, allowances, bursaries and scholarships. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Trust'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) (effective 1 January 2019)". The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements 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 financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust 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 financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Some funds are donated to the charity specifically to be used to support particular projects. Such funds are referred to as restricted funds. ## **1.4 Income** Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. The following specific policies are applied to particular categories of income: - Voluntary income received by way of grants is included when received. Donations are included when received with any related tax recovered under Gift Aid also recognised when received. - Donated services, facilities and equipment are included at the value of the charity where this can be quantified and is significant. The value of services provided by volunteers is not included in these financial statements. - 7 - ## **THE VANESSA GRANT TRUST (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies (Continued)** ## **1.5 Expenditure** Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments 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 payables 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 payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **1.6 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. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include trade and other receivables 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 liabilities**_ Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments 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 payables 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 payables 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 Trust’s contractual obligations expire or are discharged or cancelled. - 8 - ## **THE VANESSA GRANT TRUST (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **1 Accounting policies (Continued)** ## **1.8 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the Trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **2 Critical accounting estimates and judgements** In the application of the Trust’s accounting policies, the trustees are required to make judgements, 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 periods. ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Donations and gifts
4,289
257,659
Gift aid recovered
10,816
-
15,105
257,659|**Total**
Unrestricted
Restricted
funds
funds
**2022**
2021
2021
**£**
£
£
261,948
14,139
227,370
10,816
1,229
-
272,764
15,368
227,370|Total
2021
£
241,509
1,229| |---|---|---| |||242,738| ## **4 Grants payable** |Grants to institutions:
Vanessa Grant School
Vanessa Grant Girls' School
Other projects|**2022**
**£**
9,722
107,105
25,928
142,755|2021
£
4,241
137,285
56,210| |---|---|---| |||197,736| - 9 - ## **THE VANESSA GRANT TRUST (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **5 Support costs** |**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Computer & website
216
-
Treasurer's fees and
expenses
13,402
-
Accountancy
-
2,160
Bank fees
-
208
Sundry UK expenses
-
-
13,618
2,368
Analysed between
Charitable activities
13,618
2,368|**2022**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
216
-
-
13,402
13,200
-
2,160
-
1,740
208
-
311
-
-
108
15,986
13,200
2,159
15,986
13,200
2,159|**2021**
**£**
-
13,200
1,740
311
108| |---|---|---| |||15,359| |||15,359| ## **6 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the Trust during the year. Apart from donations made by Trustees to the Charity, no Trustee had any personal interest in any contract or transaction entered into by the Charity and during the year (Or the preceding year). The Vanessa Grant Trust has no staff and is administered entirely voluntarily by the Trustees. No Trustees had expenses reimbursed during the year (2021: £0). ## **7 Trade and other receivables** |**Amounts falling due within one year:**
Other receivables
**8**
**Current liabilities**
Trade payables
Accruals and deferred income|**2022**
**£**
1,103
**2022**
**£**
16,420
1,800
18,220|2021
£
-| |---|---|---| |||2021
£
-
1,740| |||1,740| - 10 - ## **THE VANESSA GRANT TRUST (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **9 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Balance at**
**1 January**
**2022**
**r**
**£**
**School Development Projects**
Vanessa Grant Girls School
36,000
Vanessa Grant School
4,950
Flames of Hope
10,200
Gogar Primary School
129
St Michael's Nursery School
13
VGT Accomodation Block
3,780
**Pupil Sponsorships**
Vanessa Grant Girls school
71,106
Vocational RVTC
-
Other sponsor a Child
691
Sponsor and child in another School
927
Flames of Hope
-
Funds Raised by Nutty
225
VGS Sponsor a Child
-
Management of project
37,103
165,124|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
164,875
(36,000)
2,000
(6,584)
-
(10,200)
1,794
(193)
-
(13)
1,800
(4,860)
68,491
(71,105)
100
(1,800)
6,500
(6,900)
2,236
(927)
-
(1,303)
-
-
1,372
(3,138)
8,491
(21,420)
257,659
(164,443)|**Transfers**
**Balance at**
**31**
**December**
**2022**
**£**
**£**
(10,850)
154,025
534
900
-
-
(29)
1,701
-
-
(180)
540
(1,755)
66,737
1,700
-
(291)
-
(224)
2,012
1,303
-
(225)
-
1,766
-
13,437
37,611
5,186
263,526|**Transfers**
**Balance at**
**31**
**December**
**2022**
**£**
**£**
(10,850)
154,025
534
900
-
-
(29)
1,701
-
-
(180)
540
(1,755)
66,737
1,700
-
(291)
-
(224)
2,012
1,303
-
(225)
-
1,766
-
13,437
37,611
5,186
263,526| |---|---|---|---| ||||263,526| - 11 - **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **THE VANESSA GRANT TRUST (UK)** ## **9 Restricted funds (Continued)** ## **Movements for the year ended 31 December 2021** |**Balance at**
**1 January**
**2021**
**r**
**£**
**School Development Projects**
Vanessa Grant Girls School
55,570
Vanessa Grant School
450
Flames of Hope
-
Gogar Primary School
842
St Michael's Nursery School
-
VGT Accomodation Block
2,160
Trustee sponsored projects
-
**Pupil Sponsorships**
Vanessa Grant Girls school
29,793
Vanessa Grant School
385
Vocational RVTC
-
Other sponsor a Child
-
Sponsor and child in another School
-
Flames of Hope
-
Funds Raised by Nutty
-
Management of project
36,819
**_DIFFERENCE TO ANALYSE_**
-
126,019|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**

**£**
**£**
55,800
(75,370)
5,220
(720)
28,059
(17,859)
412
(1,125)
13
-
7,740
(6,120)
-
(4,016)
103,228
(61,915)
1,076
(3,521)
90
(1,800)
2,070
(1,761)
1,224
(297)
-
(1,303)
734
(509)
21,704
(21,420)
-
-
227,370
(197,736)|**Transfers**
**Balance at**
**31**
**December**
**2021**
**£**
**£**
-
36,000
-
4,950
-
10,200
-
129
-
13
-
3,780
4,016
-
-
71,106
2,060
-
1,710
-
382
691
-
927
1,303
-
-
225
-
37,103
-
-
9,471
165,124|**Transfers**
**Balance at**
**31**
**December**
**2021**
**£**
**£**
-
36,000
-
4,950
-
10,200
-
129
-
13
-
3,780
4,016
-
-
71,106
2,060
-
1,710
-
382
691
-
927
1,303
-
-
225
-
37,103
-
-
9,471
165,124| |---|---|---|---| ||||165,124| ## **School Development Projects** The funds are given for, and used to undertake practical improvements to school facilities. A summary of the work undertaken in the year can be found in the Trustees report. ## **Pupil Sponsorships** These funds are given and used to defray the cost of educating pupils who are part of the sponsorship programme. ## **Management of Project** The charity is run by a manager on the ground in Kenya and monies given to fund his salary are accounted for as a restricted fund. - 12 - ## **THE VANESSA GRANT TRUST (UK)** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **10 Analysis of net assets between funds** |**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances are represented by:
Current assets/(liabilities)
44,613
263,526
44,613
263,526|**Total**
Unrestricted
funds
Restricted
funds
**2022**
2021
2021
**£**
£
£
308,139
50,680
165,124
308,139
50,680
165,124|Total
2021
£
215,804| |---|---|---| |||215,804| ## **11 Related party transactions** There were no disclosable related party transactions during the year (2021 - none). - 13 -