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2023-06-30-accounts

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

P theism gift fund (~))) TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023

Charity Registration No: 1099682 Company Registration No: 04677253 (England and Wales)

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

PAGE
Report of the Trustees 3-28
Independent Auditors’ Report 29-32
Statement of Financial Activities 33
Balance Sheet 34
Cash Flow Statement 35
Notes to the Accounts 36-76

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

DETAILS OF THE REGISTERED OFFICE OF PRISM THE GIFT FUND AND ADDRESSES OF ITS PROFESSIONAL ADVISERS

Registered Office

20 Gloucester Place London, W1U 8HA

Registered Charity Number 1099682 Company Registration number 04677253

Principal bankers

Coutts & Co 440 Strand London, WC2R 0QS

Auditors

Haysmacintyre LLP Statutory Auditors 10 Queen Street Place London, EC4R 1AG

Solicitors

Farrer & Co 66 Lincoln Inn Fields London, WC2A 3LH

Trustees

Mr. A Ahmed MBE (resigned 01 November 2022) Mr. A Collard (appointed 01 September 2022) Mr. J Libson (resigned 31 December 2023) Ms. P Lovell Mr. C Mesquita Mr. M Ridley (resigned 30 November 2023) Lord D Popat Ms. J Winston (resigned 01 November 2022) Mr. J Gold Ms. S Clare (appointed 08 December 2022) Mr. J Simmons (appointed 20 July 2023)

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

REPORT OF THE TRUSTEES

The Trustees are pleased to present their annual report and audited financial statements of Prism the Gift Fund (referred to in this report as ‘‘Prism’’, ‘‘the Charity’’, ‘‘the Company’’, ‘‘the charitable company’’, and ‘‘the group’’) for the year ended 30 June 2023. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association 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.

STRATEGIC REPORT

PRINCIPAL OBJECTIVES

The objects for which the Charity is established are such charitable purposes as the Trustees (as defined in the articles of association of the Company) shall from time to time determine.

Prism's mission and aim is to increase the flow of funds into the charitable sector. This is achieved by administering the giving of individuals, groups and foundations swiftly, personally and efficiently, and in a manner beneficial to the recipients. Prism approaches this in two core ways (further information below).

— Providing Donor Advised Fund (DAF) services to High-Net-Worth (HNW) individuals and families who channel their national and international philanthropy through Prism as a time, cost, and tax effective alternative to setting up one's own grant making foundation.

— Providing Collective Fund services — charitable, finance and governance infrastructure to groups who want to create brands or projects of a charitable nature. Prism lends its charitable expertise as well as its charity number, administration and due diligence services to these groups.

Structurally, Prism is one charity with multiple restricted funds that rely on operational partnerships with individual founders of either DAFs or Collective Funds.

The gap in funding in the charitable sector continues to grow as a result of global disasters, government funding cuts, the ongoing effects of Brexit and the cost of living crisis.

It is increasingly incumbent on major donors to continue to give and those that have not begun their philanthropic journey, to consider giving.

PRISM’S ACTIVITIES ACHIEVEMENTS AND KEY PERFORMANCE MEASURES

In 2022, the Emergency Event Database (EM-DAT) recorded 387 natural hazards and disasters worldwide, resulting in the loss of 30,704 lives and affecting 185 million individuals. Economic losses totalled around US $223.8 billion. Heat waves caused over 16,000 excess deaths in Europe, while droughts affected 88.9 million people in Africa. Hurricane Ian single-handedly caused damage costing US $100 billion in the Americas. The human and economic impact of disasters was relatively higher in Africa, with 16.4 % of the share of deaths compared to 3.8 % in the previous two decades. It was

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

relatively lower in Asia despite Asia experiencing some of the most destructive disasters in 2022. As well as the impact of natural disasters, we also saw the continued impact of the war in Ukraine as well as the ongoing conflicts in Syria and Sudan amongst others.

At home, the UK had three prime ministers in just two months, the pound fell to a record low against the dollar, and inflation hit a 41-year high.

All of these challenges impact the charitable sector putting pressure on charities that face increased costs, government cuts and lost donors. This is where Prism’s market and client base of HNW donors is critical. Prism increasingly plays a crucial role in building a pipeline of new major donors to give and those that are already giving to give more.

Prism’s key strategic objectives remain firmly driven by our mission to increase the flow of funds into the charitable sector addressing the significant funding deficit that charities face as well as the need for philanthropy to step in as we see increasing global crisis.

Prism measures its’ success through a number of indicators. These include: income per year, distribution of funds out and growth of knowledge and awareness of the power of DAFs as a philanthropic tool.

Prism’s growth continued through to year ended 30 June 2023 with voluntary income in the year, including investment income and fees reaching £115,257,409 (2022 restated - £115,816,519). This is a result of continued increase in clients in both the Donor Advised Fund and Collective Fund operations. Prism has continued to offer a resilient, highly responsive and efficient operation.

Over the last financial period, Prism’s growth and the number of referrals from both the private client industry and donors themselves, illustrates the Trustees’ view that the mission of the Charity is something which is both necessary and welcomed by the donor community within the UK. Prism also provides administrative services to charitable grant making foundations. Prism helps support their back-office operation, prepares board papers, undertakes financial administration, administers grants and helps ensure the efficient and swift distribution of funds out into the charitable sector.

Prism’s expenditure for the last financial year was £68,723,603 (2022 restated - £58,048,489). In the period 2022/2023 Prism distributed £65,907,871 of funds across our charitable activities including grants to hundreds of organisations across 60 locations globally, showcasing a steady growth in funds out to the sector.

A portion of the donations received by Prism are assets, generally a portfolio of shares. The portfolios of cash and shares are managed by independent investment advisors, who are suggested by the donors. The portfolios are reviewed by the Finance and Investment Committee of the Board of Prism and agreed. These assets are held for a period, until such time when the donors consider it necessary to liquidate the assets to make payments to their designated causes.

In addition to these restricted funds, Prism educates the professional advisory community in understanding the philanthropy landscape in the hope that the HNW individuals and families that they service will be encouraged to engage in the sector. Several of these presentations and sessions have taken place over the past financial period and, as a result, private client practitioners have

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

increased their referral level and underlying dialogue with Prism around philanthropy. Most of these, were all face to face in offices with the added advantage of other regions in the country being able to participate by Zoom.

The lunch and learns in the financial year July 2022- June 2023 were at the following firms:

Prism also runs a broader public engagement events programme in order to facilitate dialogue amongst stakeholders and introduce new ideas around philanthropy to Prism's wider network.

In December 2022, Prism co-hosted with The Fore, Lord Jim O’Neil who spoke about his business and philanthropic journey. We were joined by 100 guests, a mixture of private client intermediaries and donors in the majestic setting of 2 Temple Place. We thank The Fore for working with Prism to enable this event.

In May 2023, Prism held an event at Rathbone Greenbank entitled The Power of Philanthropy to Impact Climate Change. Chaired by Sir Tim Smit, the founder of the Eden Project, panellists included some of the incredible Collective Funds operating under the auspices of Prism:

ClimateForce UK – ClimateForce exists to regenerate and reforest agricultural land in a lowland rainforest ecosystem. Prism’s Collective Fund, ClimateForce UK Charitable Fund, supports a pilot project of ClimateForce in Australia – Tropical Regen – which involves collecting and cultivating native trees, planting them, and maintaining them as they grow. Reforestation is a popular form of sequestration, the process of capturing and storing atmospheric carbon dioxide (CO2) and an effective strategy for reducing the amount of CO2 in the atmosphere. With a mission to plant 360,000 trees over 526 acres in the world’s oldest rainforest Daintree, in Far North Queensland, ClimateForce is taking a pivotal step towards protecting endemic biodiversity, reducing our carbon footprint, and ensuring a more sustainable future.

The Degrees Initiative (TDI) – TDI plays a central role in geoengineering research to transform Solar Radiation Management (SRM) and is funded by The Degrees Collective Fund at Prism. Broadly, SRM is a theoretical approach toward reducing the impacts of climate change through the reflection of sunlight back out into space – SRM remains the only known way to quickly stop, or reverse, the rise in global temperatures. To date, TDI has partnered with a wide range of environment and development NGO and civil society organisations across the world to expand the discussion of SRM’s potential risks, benefits, science and governance.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

First Light Fusion (FLF) – FLF is part of Oxford Science Enterprises, an independent, billion-pound investment company created in 2015 to found, fund and build transformational businesses via their unique partnership with the University of Oxford.

Overall, Prism is incredibly proud to be a convener for philanthropists and private client advisers, creating a space for open discussion and sharing of ideas around philanthropy. Prism’s mission is to increase the flow of funds into the sector. Prism will continue to promote these meaningful conversations and act as an educator across the private client sector, to encourage dialogue around philanthropy in the hopes that more will start their journey and do so with an effective structure, a Donor Advised Fund and the right expertise.

The following were also online discussions and articles in which Anna Josse participated:

This year, Prism again created a summary of the accounts ended June 2022 that was used as a marketing tool and educative tool. This document has been widely read and highly commended.

Prism has been working with a Social Media and Communications consultant to help raise awareness of Donor Advised Funds through blogs, LinkedIn and the website. Effort has also been made to further analyse the online interaction through Google Analytics. This was expanded upon through looking at the application of further awards.

The following award has been won:

  1. Won Outstanding CEO for Good in the Wealth Briefing Wealth For Good Awards, July 2022

  2. Silver in the Philanthropy Advisor of the Year category in the Citywealth Magic Circle Awards, May 2023

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Prism continues to excel around its due diligence and compliance work. The nature of the Prism model — being a DAF — means that donors have the ability to suggest where they may onward gift. Prism carries out due diligence on all charities it gifts to and ensures the appropriate reporting is received too. But each donor has very different interests, and so Prism gifts to a broad collection of charities. As the regulatory backdrop has tightened, so Prism has responded accordingly with appropriate policies in place. Prism’s applications both around prospective clients coming into Prism and for gifts out to overseas entities have further been developed with more questions, and more rigour to ensure Prism has detailed and full oversight on use of funds.

IMPACT THROUGH GRANTMAKING

Prism’s primary objective as a charity is to facilitate charitable distributions in a compliant and impactful manner. In accordance with its mission to increase the flow of funds into the charitable sector, Prism is guided by its donors who make recommendations on the distribution of charitable funds. The charity’s role is to ensure all grant funds are applied in line with the regulatory requirements and best practices governing charitable giving.

Through its Donor Advised Fund and Collective Fund administrative services, Prism enables individuals, families, groups and organisations to maximise the impact of their giving and contribute effectively to the causes they care about most. Embracing a donor-centric approach to grant making, Prism cultivates a culture of giving that is inclusive, responsive and reflective of the diverse needs and priorities within the philanthropic community.

Prism categorises its charitable grants into ten main impact areas distributed globally. These are a combination of the United Nations' Sustainable Development Goals (UN SDGs), UK charitable objectives according to UK law (CO), and humanitarian actions during natural disasters and manmade crises. Organising our impact into these distinct areas helps us assess the effectiveness of our charitable distributions, showcasing the breadth of giving models which Prism offers.

Furthermore, Prism’s niche Collective Fund model, widely supported by donors and experts in the philanthropy field, has enabled groups of individuals and organisations to raise funds efficiently and give to charities globally. The range of programmes that our Collective Funds have supported, over the past year, varies greatly among the impact areas, including emergency grants in response to the earthquakes in Turkey, humanitarian aid in refugee crises as well as programmes promoting environmental protection, medical research and access to education.

Note - a list of the Collective Funds that operated as a restricted fund under the auspices of Prism the Gift Fund between 1 July 2022 and 30 June 2023 can be found in note 17 to the accounts. The total amount of funds raised via the Collective Funds during this period was £29,097,352. As can be seen from the summary of their activity, these groups vary from humanitarian work particularly focused on the current refugee crisis in Europe, to providing support to overseas charities, to groups raising funds in memory of a family member.

During the past year, Prism was able to provide funding and support to a wide spectrum of charitable initiatives spanning various sectors and geographies. We are highlighting below some of this work across eight impact areas:

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Humanitarian Aid

In March and June 2023, Prism granted a total of $475,000 to the Turkish registered non-profit organisation, Independent Doctors Association (IDA), for its emergency response to the earthquakes that occurred in Turkey on February 6, 2023. IDA is an independent non-governmental organisation that provides humanitarian assistance to those affected by conflicts, natural disasters and epidemics. It was founded in response to the healthcare and humanitarian crisis in Syria. Prism’s funds covered key staff costs necessary for running a primary health centre and physiotherapy centre in Kilis, Turkey, and surrounding areas. The grant also contributed to the purchase and provision of medical consumables such as orthopaedic equipment and intensive care unit (ICU) medical kits, along with other essential items, including blankets, tents and the purchase of a vehicle for the organisation's mobile medical assistance and vital support offered to staff affected by the natural disaster between February and July 2023. As a result, between March and August 2023, IDA’s physiotherapy centre received 869 beneficiaries and provided 1,366 services. Its primary healthcare centre provided 4,557 consultations for general medical support, including paediatric services, vaccinations, reproductive health services, antenatal care, family planning and key examinations for respiratory diseases, tract infections, skin diseases, gastrointestinal diseases and other communicable and non-communicable diseases.

In April 2023, Prism made a grant of $370,000 to the Turkish registered non-profit organisation, Hurras Network (Hurras), for its response to the earthquakes in Turkey and the resulting flooding that struck the same region in March 2023. Focusing on child protection since its inception in 2013, Hurras has become a leading advocate for the protection of Syrian children affected by conflict in the region. Following Hurras’ safety assessment and light refurbishment of 89 schools in affected areas near southeast Turkey, Prism’s grant supported Hurras’ Individual Protection Assistance (IPA) programme, offering recreational and well-being activities, including psychosocial support and case management to children and families impacted by the earthquake. Prism’s grant contributed to Hurras’ core personnel, operational and programme costs from March to August 2023, covering staff salaries, travel and subsistence, as well as support for teachers, a child protection specialist and associated administration. Prism has supported a total of 978 education personnel and reached 15,651 children through its child-friendly spaces across 100 different schools in the region.

End Poverty and Hunger

Throughout the year, Prism granted a total of £315,000 to the National Zakat Foundation (NZF), a UK registered charity that enables Muslims to give Zakat (religious obligation for Muslims who meet the relevant criteria to donate a portion of their wealth to charitable causes) and help unlock the potential of those held back by their financial circumstances in the UK. Muslims in need of Zakat can apply to the organisation’s four funds: Hardship Relief, Housing, Work and Education. Prism’s grant funds were distributed directly as part of NZF’s Hardship Relief fund, helping 890 individuals in need receive support for basic living expenses, including food, clothing and other essential items. Additionally, a portion of Prism’s commitment covered housing grants for 510 beneficiary families in the UK, providing vital support for safe and affordable accommodation. Despite financial uncertainty throughout 2022 and 2023, NZF, through its impactful programmes, freed Muslims from immediate financial distress, offered support for future financial circumstances, and assisted in ensuring individuals felt supported and cared for in their community.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Good Health and Well-Being

In September 2022, Prism made a donation of £250,000 to the Royal College of Surgeons of England (RCS). Established to provide world-class education, assessment and development to 30,000 surgeons, dental professionals and members of the wider surgical and dental teams, RCS’s mission is to provide excellent surgical care for everyone by setting professional standards, facilitating research, and championing the best outcomes for patients. A significant contribution from this donation to RCS has supported grant awards for a one-year surgical research fellowship scheme, which has become a prestigious symbol of excellence in surgical research, allowing practicing surgeons protected time away from clinical duties to focus on their proposed projects researching areas as diverse as bariatric surgery, the pathology of hearing loss, digital and robotic surgery and breast cancer. Particular attention is being paid to the development and research into robotics and digital learning and training within RCS. As a result of Prism’s funding, RCS will also enable a series of grants that will catalyse new and innovative research into robotic surgery. The awards will help consultant surgeons and trainees engage in key new research activities that will accelerate the development of robotics and digital surgery for the benefit of improved patient care, and assist surgeons’ involvement in a critical new area of research at a key time in their research careers.

Education

During the year, Prism granted a total of £336,000 to SHINE, an education charity working with teachers, schools and other organisations to help disadvantaged children in the North of England fulfil their true potential. SHINE’s mission is to sever the link between deprivation and educational success, ensuring that the prospects of children and young people are not impeded by any sort of disadvantaged background. By supporting teachers and working alongside them to develop new projects for children and young people, a higher quality of education and experience can be delivered to students. Prism’s grants helped the charity fund projects in Maths, Literacy, and Science, as well as cross-curricular programmes in other subject areas, contributing directly to the 29,163 children its programmes have supported both in the classroom and online. The charity’s focus is on boosting qualifications in the core academic subjects to unlock the greatest choice for children in their future lives. In 2022/23, SHINE supported innovative work at some of the most important stages in a child’s educational journey: in the early years, as children get ready for school and in the crucial period when they make the switch from primary to secondary school. The charity’s projects on these critical phases have reported excellent results among children from disadvantaged backgrounds.

Gender Equality and Human Rights

During the year, Prism donated a total of £54,000 to Trevi Women Ltd (Trevi), a nationally awardwinning UK charity that supports women in rehabilitation and recovery from substance misuse, with children in their care. Established in 1993, Trevi offers good quality, psychologically informed, genderbased interventions, as well as holistic care to women and children in Southeast England. Prism’s grants provided unrestricted funding to cover the charity’s overheads and running costs, in two grants of £4,000 and £50,000 across December 2022 and May 2023 respectively. Trevi offers a range of services across its three Centres: Jasmine Mother’s Recovery Centre, which is dedicated to mothers working through addiction, Sunflower Centre, which offers holistic therapeutic services for women dealing with trauma and abuse, and Daffodil Family Centre, which provides assessments for families to ensure parents and children are appropriately supported. The grants from Prism enabled the organisation to continue with the running of its day-to-day activities and focus on fundraising for the

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

purchase and renovation of another centre, Blossom House, a safe, trauma-informed women-only accommodation based in the centre of Plymouth.

Environment and Animal Welfare

Between September 2022 and June 2023, Prism made five donations totalling £247,067 to the Australian non-profit organisation, ClimateForce Limited (ClimateForce). Founded in 2018, ClimateForce is seeking to revive rainforests in Far North Queensland, Australia. The organisation’s three main areas of impact are to develop self-sustaining biodiverse reforestation, promote climate technology through the creation of a biodiversity app tracking the organisation’s Seed-to-Canopy journey, and encourage rural development through the creation of 1000 sq. km of nature corridors in Australia. Prism’s grant supported ClimateForce’s Tropical Regen Project, aiming to regenerate 527 acres of the Daintree, the world’s oldest rainforest, located in North Queensland, involving the planting of 360,000 trees. The project is an innovative proof-of-concept for nature-positive rainforest regeneration, driving complementary outcomes for soil, water, flora and fauna. Furthermore, Prism’s grants have helped ClimateForce purchase a drone for land surveying purposes, research equipment such as technological and solar equipment, office space, a land cruiser vehicle for farm work, as well as covering staff costs, enabling the organisation to maintain its land and conduct vital environmental research.

Throughout the year, Prism donated £130,000 to Blue Marine Foundation , a charity registered in the UK. Set up in 2010 to combat the destruction of biodiversity and overfishing, and to restore ocean health, the charity achieves its mission through the creation of large-scale marine reserves and the delivery of new models of sustainable fishing. Prism’s donation contributed to Blue Marine Foundation’s work in Turkey, with funded areas including the Gökova marine protected area and ‘The Sea We Breathe’ educational programme. In the Gökova Marine Protected Area (MPA), the organisation’s team have noticed a significant increase in the fish biomass since the MPA was established, particularly in carnivores and apex predators, both of which are very vulnerable to fishing activities. This research, conducted with local partner, Mediterranean Conservation Society (MCS), found that at Boncuk-Karaca the total fish biomass is almost six times greater than outside the MPA, and that within the zone, invasive species damage was also reduced. ‘The Sea We Breathe’ is a Turkish language education resource, aiming to deepen engagement with local tourism stakeholders and to bolster community efforts with protection schemes. This has two-fold benefits for both the marine environment and the local socio-economic climate.

Between July 2022 and June 2023, Prism made four grants totalling £800,000 to The Degrees Initiative , a newly founded UK registered charity. Prism, through its effective collective fund model, helped incubate The Degrees Initiative, while the founders of the organisation were finalising the setup arrangements for the charity, which was successfully launched in early 2023. The Degrees Initiative has been established to build the capacity of Global South countries to evaluate solar radiation management (SRM) geoengineering and to play a central role in SRM conversations and research. The charity’s main activities include providing research grants to Global South academic institutions and hosting and facilitating engagement workshops for researchers in the field, in partnership with leading local organisations, including universities, NGOs, science academies and research institutes. The donations from Prism were used to fund core functions and programmatic activities of The Degrees Initiative, contributing to their overall mission of putting low-income nations at the centre of the SRM conversation.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Justice and Community Development

Throughout the year, Prism donated a total of £189,160 to Global Generation , an educational UK registered charity. Founded in 2004, Global Generation works together with local children and young people, businesses, residents and families in Camden, Islington and Southwark to create healthy, diverse and environmentally responsible communities. The charity’s mission is to showcase how disused urban spaces can become an oasis for plants and people to grow by enhancing the ecosystem and adopting circular economy approaches. Prism’s funding significantly impacted the charity’s work in the Story Garden, a green space in Somers Town facing high deprivation and low development rates. In 2022, 6,000 local residents, children, families and young people took part in a range of programmes within the Story Garden. The grants facilitated diverse activities, including drop-in sessions, volunteering opportunities, after-school clubs, summer camps and family feasts, benefitting hundreds of participants and addressing immediate food needs through the donation of 250 kilograms of produce to the Camden Mobile Food Bank. Beyond gardening, the Story Garden has also served as a vital community space, fostering connections among residents of different backgrounds. As a result of this funding, the Story Garden has offered opportunities for young people and residents to become involved in shaping the local landscape and find a sense of purpose.

Art & Cultural Heritage

In November 2022, Prism awarded a grant of £100,000 to Birmingham Royal Ballet (BRB), one of the world’s leading ballet touring companies noted for its repertoire of classic ballet and contemporary dance. Birmingham Royal Ballet consistently performs at Birmingham Hippodrome for approximately ten weeks of the year, and the remainder of the year tours throughout the UK and overseas. On average, the Company performs 100 shows a year nationally and internationally. Prism’s donation supported the delivery of renowned dancer and director Carlos Acosta’s vision to stage spectacular classical and contemporary work, engage in talent identification and training, and deliver impactful participation programmes. Funding from Prism has also been used to enable BRB2, the junior company of BRB, to act as a training pipeline for the next generation of exceptional ballet dancers. With the aim of attracting the best UK and international young talent, providing extensive training and professional experience, the programme also enabled sending developed, professional dancers back into the dance sector, and providing role models for the next generation. The inaugural tour of BRB2 around the UK showcased a programme including classical highlights to positive reviews by critics across the country. Alongside challenging the dancers, the tour attracted new audiences due to the programme’s diverse content and interest in the UK’s first junior ballet company, placing it among similar major companies worldwide.

PRINCIPAL RISKS

Prism maintains a comprehensive and up-to-date risk register, a risk management tool acting as a repository for all risks identified and including vital information about each risk, e.g. nature of the risk, monitoring procedure, and prevention, mitigation and control measures. This tool helps Prism’s trustees to identify and assess the risks for Prism, evaluate actions that need to be taken in order to mitigate risks, and also serves as a monitoring and assessment mechanism. Prism’s Head of Compliance is maintaining and monitoring, on a regular basis, the risk register, alongside the charity’s trustees and senior management team.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

The principal risks to Prism and our approach to mitigate the risk are as follows:

Category Risk Principal mitigation action
Financial
performance		 - Generating sufficient cash flow to
meet organisational objectives and
minimum cash requirements
- Donor/client retention		 - Comprehensive financial
management procedure
- Quarterly review of financial
forecasts, cash flow and reserves
- Oversight applied by Prism’s
Investment Committee
- Ongoing review of charitable activity
- Quarterlyreview ofpipeline
Staff -Inability to recruit and retain staff
members with appropriate
knowledge or skills, resulting in staff
shortages
- Loss of key staff or staff changes
across the organisation slowing
down productivity and development		 - Focus on staff recruitment and
training practices
- Review of interview and assessment
process
- Ongoing investment of staff
development and training
- Effective line management support
and staff well-being
- Successionplanning
Reputation
&
Compliance		 - Reputational repercussions as a
result of an adverse incident
- Negative social media or press
coverage
- Non-compliance as a result of
fraud/misuse of granted funds		 - Robust policies, procedures and
reporting standards
- Clear controls and checks in place to
ensure effective oversight of activities
- Ongoing staff training
- Social media policy and guidelines
implemented
- Keeping abreast with changes in the
guidelines of the Charity Commission
- External input/expertise
External
events:
economic –
political (e.g.
Covid-19
and global
wars)		 - Possible political and regulatory
changes
- Challenges to keep up with
increasing workload and growth		 - Monitoring impact on charitable
activity
- Regular monitoring of financial
management accounts
- Review of policies and procedures as a
result of significant events/changes
- Review of internal productivity levels
- Legal/financial advice

FUTURE PLANS

Prism hopes to maintain and further build on the developments made in 2022-2023. However, we are cognisant of the continuing challenges raised by Cost of Living Crises to the charitable sector and to donors, and so it remains unclear as to the year ahead in terms of donation income. Prism plans to hire a Deputy CEO to support the CEO in the development and growth of Prism. The Head of

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Finance is also hiring further employees of the finance team to ensure the finance operation is well supported. Further research has been conducted looking at next stage CRM systems to help prepare Prism for the future and strategic growth.

The continued high level of donations received to Prism has led to the Charity increasing the number of investments in order to get a greater return on its funds and therefore increase the amount available to distribute over time to other charities. The Trustees continue to look to diversify the assets accepted into the Charity which will increase its ability to increase the flow of funds into the charitable sector.

FURTHER INFORMATION

Donor Advised Fund

A Donor Advised Fund (DAF) is a restricted fund within a wider charitable structure which is contributed to by an individual or family. Prism operates DAFs as a time, cost and tax effective way to engage in higher level giving without needing to set up one's own grant making charity. The contributors to this restricted DAF are able to make suggestions on the following aspects of the use of the restricted fund: Contribution type to the fund (cash, shares, property, art, cryptocurrencies) The name of the restricted fund e.g. "The Smith Family Foundation"; asset management of the fund; recipients of disbursements from the fund worldwide; whether those disbursements are made anonymously or in the name of the restricted fund. The contributors to the fund cannot enact their philanthropy fully autonomously or without the knowledge of Prism. Prism provides a financial administration service to this restricted fund. An example of a DAF client profile, activity level, and interaction with Prism is as follows:

An example of a DAF client profile, activity level, and interaction with Prism is as follows:

- Profile

- Process

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Collective Fund

A Collective Fund is a restricted fund within a wider charitable structure which is set up for specific purposes. It is often named and branded and has a public profile, raising funds from the public. Prism operates Collective Funds for those who want to fundraise in memory of someone, around a particular issue, or as a British Friends of. All funds raised are disbursed to other charitable organisations or in the fulfilment of projects that match the purposes of the Collective Fund, provided that they fit the criteria under UK Charitable Law. Prism liaises with 'Founders' of the Collective Funds who offer suggestions around the recipients of the fund. Collective Funds benefit from the following by creating a restricted fund within Prism :

- Profile

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

- Process

FUNDRAISING REGULATIONS

Prism’s main offering, the Donor Advised Fund (DAF) receives donations from HNW individuals. These are all personal relationships and referred by clients or private client intermediaries.

A smaller proportion of Prism’s income comes from the Collective Fund model, and most donations are received through the online charity platform Just Giving. A smaller number of the Collective Fund groups also raise funds either by making applications to grant making trusts or by running fundraising events.

Prism has a robust fundraising policy, which states that the founders of the Collective Funds or any other individuals fundraising on their behalf are required to adhere to Prism’s regulations and industry guidelines. The founders make sure that any staff members and volunteers engaging with fundraising are appropriately trained to adhere to all applicable laws and guidelines, as clearly stated in Prism’s policy. The founders ensure that all their staff and volunteers receive detailed training in fundraising and are properly supervised while carrying out fundraising at charitable events.

During the year, Prism received no complaints in relation to fundraising activities carried out either by Collective Fund founders or their staff and volunteers. Prism also has a privacy policy in place shared with and applied to all its Collective Funds to ensure protection of donor data and compliance

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with the applicable laws. As per the said policy, our collective funds do not share any of their donor data with other charities or companies.

Duty to promote the success of the Charity – Section 172 Statement

Section 172 of the Companies Act 2006 requires the Trustees of Prism to act in the way they consider, in good faith, would be most likely to promote the success of the charity to achieve its charitable purposes.

In doing so, Trustees must have regard (amongst other matters) to:

Section 172 considerations are embedded into the fabric of Prism’s structures and decision making throughout the Charity’s leadership, from the board to senior leadership and beyond.

The day to day management decisions are delegated to the Senior Leadership and charity team. The board have strategic oversight of all key decisions through quarterly meetings, relevant sub committees, review of key policies and processes as well as oversight of onboarding of new clients and key investment decisions.

Prism is able to achieve its strategic objectives by considering its’ key stakeholders, including staff, donors, intermediaries and grantees in our decision making framework. The table below outlines how section 172 considerations are met across our key stakeholder groups:

**Stakeholder Group ** Key considerations How we engage
Donor Advised
Fund Donors		 Prism’s mission to increase funds into
the charitable sector is driven by our
ability to deliver a swift, efficient and
bespoke offering to our donors,
removing barriers to gifting.
The structure of our operation is
designed to create a tailored and
personalised service to our donors.		 Each donor receives their own
Relationship Manager to
administer their account.
All communication is
personalised and tailored.
Response to donor requests
are made in a timely manner.
The team are driven by an
entrepreneurial approach to
their work,designed to find

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

solutions to their donors
philanthropic ambitions.
Collective Fund
Founders		 As above the Trustees imperative is
to drive forward Prism’s mission as
well as ensure that our creative and
donor focused approach to
philanthropy is at the heart of what
we do.
Prism's Collective Fund model is a
unique offering aimed at individuals
and groups who are raising funds for
a specific issue area. It was created in
response to a need in the sector to
have a mechanism to fundraise
swiftly and tax effectively and
respond to immediate need.
Our trustees continue to work to
take on complex and much needed
projects that address real needs
across communities globally.
Deliver a bespoke efficient and swift
service to support founders in their
mission.		 Each collective fund receives
its’ own relationship manager.
All Collective Fund needs from
back end administration,
finance and grant making and
compliance is managed by
Prism so the founders can
focus on their mission.
Prism provides a holistic due
diligence and governance
infrastructure to ensure all its
collective funds comply with
charitable guidelines and
applicable laws. This includes
Prism’s suite of organisational
policies on: safeguarding,
whistleblowing, data
protection, conflict of
interests, financial
management processes, as
well as very strict and clear
guidelines around compliance
and financial controls.
As part of Prism’s onboarding
process for Collective Fund
founders, Prism dedicates
significant time to educate the
founders, explaining Prism’s
systems and processes in
terms of the related protocols
around the disbursement of
funds, safeguarding and other
compliance requirements on
reporting and monitoring use
of funds.
Staff Our team are essential to the
organisations ability to deliver its
mission and drive our values.
Strategic Board level decisions take
into account the impact of key
decisions on staff.		 As the organisation has grown
and the team has grown with
it the Board decided to recruit
a Deputy CEO to hold greater
oversight of internal team
management and structures.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Quarterly reviews
Annual Performance and
Remuneration Reviews.
Training and Development.
Grantees Prism prides itself on its high
standard in due diligence and
compliance. We provide funding to
hundreds of grantees globally
delivering on our mission of
increasing the flow of funds to the
sector.
We have clear criteria, forms and
reporting requirements of all our
grantees. We work with grantees to
ensure that our requirements are
appropriate to the size, scale and
complexity of the grant.		 As Prism works with a range
of organisations, including
small charities and not for
profits, the Charity takes time
to educate them around the
requirements of UK charity
law and ensure they
understand and act in
compliance with the relevant
guidelines taking special care
to ensure that funds
disbursed by Prism are spent
for purely charitable purposes
only.
Prism applies a multi-layered
due diligence procedure
which allows us to properly
review and assess
organisations and be satisfied
they are an appropriate
partner to work with before
funding is released. Prism
assesses an organisation's
structure and governance
including details on its senior
management team and
trustees, its financial and risk
management processes, its
safeguarding policy and
systems, as well as its
operational capacity.
Prism monitors all its grants
through communication with
the grantee entities and also
by asking for regular and
detailed reporting,explaining

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

how the grant funds have
been used.
Intermediaries Intermediaries include all those
within the broader financial and legal
system who work with prospective
donors that Prism can support to
facilitate and increase their
philanthropy.
Ensuring that Philanthropy remains
at the heart of client conversations
where it comes to their wealth
distribution or where it comes to
supporting groups to set up their
own fundraising structures is a
priorityfor Prism.		 Regular meetings, events and
activities.
Prism attendance and
speaking opportunities at
events as well as hosting
intermediaries at our own
events.
External communications to
keep the sector up to date
with developments

ENERGY AND CARBON REPORTING

The climate crisis is one of the biggest challenges facing our world today. Prism is committed to becoming a more energy efficient organisation.

We have a flexible working culture which means that the whole office works from home on the same day once a week, reducing our overall energy consumption.

We prioritise electronic communication and encourage a paperless culture.

Prism is exempt from disclosing energy consumption as less than 40,000kWh of energy was consumed during the year.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

FINANCIAL OUTCOME FOR THE YEAR

A summary of the results for the year and the resources deployed at 30 June 2023 is:

Unrestricted Income
Restricted Income
Expenditure on Charitable Activities
Net (loss) on investment properties
Net gain/(loss) on investment assets
Net Income transferred to total funds
Total Funds at 1 July 2022
Net surplus for the year
Total Funds at 30 June 2023		 2023
Restated
2022
£
£
2,724,063
1,696,631
112,533,346
114,119,888
115,257,409
115,816,519
(68,723,603)
(58,048,489)
-
(2,124,000)
8,017,478
(8,514,520)
54,551,284
47,129,510
235,237,276
188,107,766
54,551,284
47,129,510
289,788,560
235,237,276

Public Benefit

The Trustees have complied with their duty under the Charities Act 2011 and have paid due regard to public benefit when preparing this report.

Providing opportunities for charitable giving has a direct benefit to the wider public and the community in general. There are no unreasonable restrictions which would prevent any recipients from benefiting from Prism's services. The benefit provided to the public is consistent with the charitable aims of Prism and is in due regard to the Charity Commission guidelines.

Prism supports a range of charities in the UK and overseas. As it evaluates grants, Prism assesses the impact of each of the recipient organisations and ensures they have a broad impact and reach many constituents of their target market.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

Prism is a Charity (registered number 1099682) and a company limited by guarantee with no share capital (registered number 04677253). The governing document is the Articles of Association.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

The objects for which the Charity is established is to encourage donors to give funds to charity in an efficient, swift and personal manner, beneficial to the recipients.

Under the Articles of Association, the Charity has the power to invest the monies of the Company not immediately required for its purpose in such investments as the Trustees consider appropriate, subject to any conditions or consents imposed by law.

Prism the Gift Fund created The Prism Charitable Trust, a Special Trust under Prism the Gift Fund. Any assets sitting in this trust will be protected as they are held on particular trust, rather than as part of Prism the Gift Fund’s corporate property. The corporate trustee is Prism the Gift Fund. This was a structure suggested by Prism’s lawyers to help protect the assets of Prism as the Charity grew.

Prism has created separate bank accounts and contracts for the two operations so that the money flow into Prism the Gift Fund and The Prism Charitable Trust are separate.

BOARD OF TRUSTEES

The Board of Trustees, who are also members of the Company, are required to conduct the affairs and the general business of Prism and meets quarterly. The Articles of Association provide that onethird of the Trustees must retire at each Annual General meeting. Persons being appointed or reappointed must be recommended to the Board or proposed by a company member not less than 14 or more than 35 days before the date of a general meeting, together with a notice of willingness to be appointed or re-appointed signed by the proposed Trustee.

The Board currently stands as follows:

All of the above served during the whole year or from the date of appointment, or till their date of resignation.

New members of the Board are co-opted by existing Trustees to maintain or augment the range of skills and experience appropriate to the needs and activities of the Charity and subsequently proposed for election by the Members at the AGM.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

On appointment, new Trustees are provided with appropriate Charity Commission guidelines, a copy of the Articles of Association, a full set of the Charity’s Policies, the current Strategic Plan, the latest Statutory Accounts and an outline of their duties and responsibilities.

The Board delegates responsibility for the day-to-day management of the Charity to the Management Team, Prism Administration Limited, who report to the Board on the performance of the Charity. Trustees review financial and operational trends.

The Charity has created a Finance and Investment Committee chaired by Michael Ridley. Michael Ridley stepped down in November 2023. The other members are Charles Mesquita, Jonathan Gold, Anthony Collard (member since September 2022 and current chair of this committee) and Sharonjit Clare (member since December 2022). This committee meets quarterly and oversees the budgets set by the team as well as overseeing the investment portfolio.

The Trustees are also aware of prospective clients and, where relevant, will help the team on due diligence around new clients. The Founder and CEO, Anna Josse, meets regularly with the Chair of the Board and the Chair of the Investment Committee so that the board have regular input on process and key decisions. In addition, Anna Josse meets on a one-to-one basis with other board members who bring different expertise into the Charity where required.

The arrangements for setting the pay and remuneration of the Charity’s key personnel are discussed by relevant management. The overall budget of the Charity is discussed with the Chair and Head of the Investment Committee.

The Trustees meet outside of regular board meetings, to look at future strategy of the Charity and to be updated on appropriate Safeguarding training.

RESERVES

The Board’s reserves policy is to maintain a minimum level of operating costs in light of the predominant risks to the organisation, specifically a fall in donation income and clients. The Board has reviewed the current unrestricted reserves of the Charity and considers that the level is sufficient but not excessive, so as to safeguard the Charity from financial risk and unforeseen expenditure, such as a shortfall in income or rising core costs. The Charity has £1,390,587 unrestricted reserves that includes £532,161 cash (free reserves) and £792,000 property asset to cover 12 month’s fixed operation costs.

As at the year end, the Charity holds £1,390,587 (2022: £812,573) in unrestricted funds. The Charity's level of unrestricted income and funds carried forward have historically been relatively small compared to its total income. This is as reflection of the Charity's relatively low cost based for which such funds are required. However, unrestricted funds have risen steadily over the last 5 years as the Charity has continued to grow, which reflects a desire for greater reserves over a period of high uncertainty as a result of the continued challenges of Brexit, and the Cost of Living Crisis. Unrestricted funds are regularly reviewed internally by the trustees, as disclosed in the trustees' report to ensure they remain adequate.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

RISK

The Trustees have undertaken procedures in order to implement SORP 2019 as it is the acknowledged best practice for charities. They have undertaken a risk management process, which outlines the key risks of the Charity, relevant control procedures, responsibilities and future actions to be taken. Future monitoring of risk has now become embedded within the overall agreed procedures of the Charity.

The Trustees are satisfied that all the major risks to which the Charity is exposed are being reviewed and systems of internal control are being established to manage those risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

The Trustees assessed donations to certain areas that may be deemed high risk. The decision was made to deal with known organisations that have knowledge and employees working in an area as opposed to making a gift to organisations, for example in Lebanon or Syria via Turkey, where we have limited involvement or knowledge regarding end use of funds.

The Trustees continually assess the investments before one is made and review current investments on a quarterly basis. The review will consider the risk alongside the key objective of Prism which is to get as much money out into the Charitable Sector.

Risk management

The Trustees regularly review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. No significant risks were identified during the year.

Related parties

There are relationships between the Charity Trustees and other charities and organisations with which it cooperates in the pursuit of its charitable objects. The Charity contracts with Prism Administration Limited, a company whose directors are the co-founders of the Charity and Anna Josse is the CEO. This has been disclosed further in note 15.

If the Charity provides a grant to an entity where a Trustee has a pre-existing relationship, the Trustees are required to disclose the potential conflict of interest and are removed from any decision making in respect of support provided. Prism Administration employees are present at Prism’s Board meetings to report on performance and activity of the funds and to provide additional support to the Trustees to enable them to make strategic decisions.

INVESTMENT POLICY

1. Introduction

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

administration of the giving by individuals, collectives and foundations, making significant gifts to organisations all around the world. Prism provides Donor Advised Funds, Collective Funds and Foundation Administration services.

2. Investment Objectives

3. Risk

3.1 Attitude to Risk

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

including some which may be regarded as speculative but are intended to generate long term capital gains to be distributed for charitable purposes.

3.2 Assets

4. Governance

The Investment Committee will make a full report to the Trustees on an annual basis. This policy will be reviewed as needed but at least every two years.

Investment advisers

Prism works with a range of investment advisers including:

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

6 Capital Asset Management - One College Hill, London, EC4R 2RA, UK
7 Cazenove Capital - Schroder & Co. Limited, 1 London Wall Place, London, EC2Y 5AU, UK
8 Coltrane Asset Management - Morgan Stanley Fund Services, The Observatory, 7-11 Sir
John Rogerson’sQuay,Dublin 2,Ireland
9 Coutts&Co - 440 Strand, London, WC2R 0QS, UK
10 Dart Capital - 61 Queen Street, London, EC4R 1EB
11 Evelyn Partners - 25 Moorgate, London, EC2R 6AY, UK
12 Goldman Sachs - Plumtree Court, 25 Shoe Lane, London, EC4A 4AU, UK
13 GPIM Limited - 80 Coleman Street, London, EC2R 5BJ, UK
14 Hargreaves Lansdown - One College Square South, Anchor Road, Bristol, BS1 5HL, UK
15 Indus Capital Partners - 888 Seventh Ave, 26th Floor, New York, New York 10019, USA
16 JNE Partners - 35 Park Lane, London, W1K 1RB
17 JP Morgan - 60 Victoria Embankment, London EC4Y 0JP
18 Jupiter Fund Management plc - The Zig Zag Building, 70 Victoria Street, London, SW1E 6SQ
19 Lansdowne Partners - 15 Davies Street, London, W1K 3AG
20 LGT Wealth Management - 14 Cornhill, London EC3V 3NR
21 Lombard Odier - Queensberry House, 3 Old Burlington Street, London, W1S 3AB, UK
22 London and Capital Asset Management - Two Fitzroy Place, 8 Mortimer Street, London,
W1T 3JJ
23 Marylebone Lane Partners - 2nd Floor, 35 Portman Square, London W1H 6LR
24 Maseco Private Wealth - Burleigh House, 357 Strand, London, WC2R 0HS, UK
25 Nanook Energy Advisors LLP - 45 Holmes Road, Kentish Town, London, NW5 3AN
26 Pledge Ventures Ltd - 20 St Thomas Street, London, SE1 9RS
27 Quilter Cheviot Investment Management - Senator House, 85 Queen Victoria Street,
London,EC4V 4AB,UK
28 Rathbone Investment Management - 8 Finsbury Circus, London EC2M7AZ, UK
29 Schroder Investment Management - 1 London Wall Place, London EC2Y 5AU
30 Scott Capital Partners LLP - 24 St James Square, London, SW1Y 4JH
31 State of Israel Bonds - Computershare, PO Box 7067, 31 Adelaide St, ON M5C 3G3, Ontario,
Canada
32 Stonehage Fleming Wealth Planning - 15 Suffolk Street, London, SW1Y 4HG, UK
33 Theleme Partners - 15 Davies St, London, W1K 3AG
34 Thesis Unit Trust Management Ltd - PO BOX 3733, Wootton Bassett, Swindon, SN4 4BG
35 Tresidor Investment Management - 55 New Bond Street, London, W1S 1DG
36 Tribe Impact Capital - One Carter Lane, London EC4V 5AN, UK

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

37 UK Agricultural Finance - 42-44 Avenue de la Gare, L-1610, Luxembourg
38 Vanguard UK - 4th Floor, The Walbrook Building, 25 Walbrook, London, EC4N 8AF
39 Walker Crips Investment Management - Old Change House, 128 Queen Victoria Street,
London,EC4 4BJ,UK
40 Waverton Investment Management - 16 Babmaes Street, London, SW1Y 6AH, UK
41 Y-Tree Limited - 2 Stephen Street, London, W1T 1AN

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Directors (who are also Trustees for the purposes of charity law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the Charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Charity Registration number 1099682 Company Registration number 04677253

PRISM THE GIFT FUND

STATEMENT OF DISCLOSURE TO AUDITORS

So far as the Trustees are aware, there is no relevant audit information of which the auditors are unaware. Additionally, the Trustees believe they have taken all the necessary steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

As part of regulatory guidance, the board has appointed Haysmacintyre LLP as their auditors during the year.

By order of the Board

C D B de Mesquita

Charles Mesquita Trustee

21 March 2024

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

INDEPENDENT AUDITORS’ REPORT TO MEMBERS OF PRISM THE GIFT FUND

Opinion

We have audited the financial statements of Prism the Gift Fund for the year ended 30 June 2023 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (which incorporates the strategic report and the directors’ report).

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to charity and company law applicable in England and Wales, and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011 and UK tax legislation.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting manual journal entries to manipulate financial performance and management bias through judgements in accounting estimates. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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Charity Registration number 1099682 Company Registration number 04677253

PRISM THE GIFT FUND

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Kot beciees

Richard Weaver (Senior Statutory Auditor)

For and on behalf of Haysmacintyre LLP, Statutory Auditor

10 Queen Street Place London EC4R 1AG

Date: 21 March 2024

32

PRISM THE GIFT FUND

Charity Registration number 1099682 Company Registration number 04677253

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

Unrestricted Restricted Restated
Funds Funds Total 2023 Total 2022
Note £ £ £ £
Income from
Donations 1 - 110,328,454 110,328,454 112,839,212
Other income 2 2,121,877 - 2,121,877 1,696,631
Investments 2 602,186 2,204,892 2,807,078 1,280,676
Total 2,724,063 112,533,346 115,257,409 115,816,519
Expenditure on
Cost of generating funds - 669,683 669,683 453,031
Charitable activities 3 2,146,049 65,907,871 68,053,920 57,595,458
Total 2,146,049 66,577,554 68,723,603 58,048,489
Net surplus for the year 578,014 45,955,792 46,533,806 57,768,030
Net (loss) on revaluation of
investment property - - - (2,124,000)
Net gain/(loss) on revaluation
of investments - 8,017,478 8,017,478 (8,514,520)
Transfer between funds 21 - - - -
Net Movement in Funds 578,014 53,973,270 54,551,284 47,129,510
Total Funds brought forward at
1 July 2022 812,573 234,424,703 235,237,276 188,107,766
Total Funds carried forward at
30 June 2023 1,390,587 288,397,973 289,788,560 235,237,276

All of the above results were derived from continuing activities. The Charity has no recognised gains or losses other than those dealt with in the Statement of Financial Activities

The notes on pages 36 - 76 form part of these accounts.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

BALANCE SHEET AT 30 JUNE 2023

Note
FIXED ASSETS
Property Investment
5
Other Investments
5
Total
CURRENT ASSETS
Debtors
6
Cash at bank and in hand
Total
Creditors: amounts falling due within one year
7
NET CURRENT ASSETS
NET ASSETS
Unrestricted funds
8
Restricted funds
8
TOTAL FUNDS		 2023
2022
£
£
2,640,000
2,640,000
206,418,424 174,600,328
209,058,424 177,240,328
3,702,621
1,854,908
78,566,650
57,350,661
82,269,271
59,205,569
(1,539,135)
(1,208,621)
80,730,136
57,996,948
289,788,560 235,237,276
1,390,587
812,573
288,397,973 234,424,703
289,788,560 235,237,276

The financial statements were approved by the Board on 21 March 2024 and signed on its behalf by:

C D B de Mesquita

Charles Mesquita Trustee

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023

Cash flows from operating activities
Net movement in funds
Non cash donations
Revaluation of investment property
Revaluation of fixed asset investments
(Increase)/Decrease in debtors
Increase in creditors
Net cash inflow from operating activities
Cash flows from investing activities
Purchases of fixed asset investments
Sale of fixed asset investments
Net cash (outflow) from investing activities
Increase in cash at bank
Cash at start of the year
Cash at the end of the year		 2023
Restated
2022
£
£
54,551,285
47,129,510
(22,199,105)
(31,830,564)
-
2,124,000
(8,017,478)
8,514,520
(1,847,713)
107,847
330,513
148,621
22,817,502
26,193,934
(45,403,833)
(13,681,164)
43,802,320
10,188,192
(1,601,513)
(3,492,972)
21,215,989
22,700,962
57,350,661
34,649,699
78,566,650
57,350,661

A reconciliation of net debt has not been presented as the group does not hold any debt balances.

35

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023

Accounting policies

A summary of principal accounting policies, all of which have been applied consistently throughout the year and the preceding year, is set out below.

Basis of preparing the financial statements

The financial statements of the Charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

In applying the accounting policies, the Trustees are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The Trustees' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

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, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies

The critical judgement that the Trustees have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below:

Assessing indicators and impairment

In assessing whether there have been any indicators or impairment of assets, the Trustees have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience or recoverability. There have been no indicators or impairments identified during the current financial year.

Key sources of estimation uncertainty

Due to the straightforward nature of the activities of the Charity, the Trustees do not believe that there are any estimation uncertainties that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, with the exception of determining the year end carrying value of investments and investment properties. The values as at the year end have been derived from 3rd party reports and independent property valuations.

36

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Notes to the Accounts for the year ended 30 June 2023 (cont.)

Funds Structure

Unrestricted funds can be used in accordance with the charitable activities at the discretion of the Trustees.

Restricted funds are donations made to Prism and the onward designation of those donations is directed by the donor in agreement with the Trustees. Sometimes known as donor advised funds, the majority of the donation income of Prism falls into this category. A breakdown of restricted funds in shown in note 8.

Donation income recognition

Charitable income is recognised on a cash received basis other than where an accruals basis provides a more accurate basis or will give a fairer representation of the underlying nature of the transaction. Income is recognised so far as there is entitlement to the income, it is more than likely that it will be received and the amount is quantifiable.

Investment income recognition

All Investment income is recognised in the Statement of Financial Activities in the period in which the Charity is entitled to receipt.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Expenditure on charitable activities includes all costs incurred by the Charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the Charity apportioned to charitable activities.

Fixed asset investments

Quoted Investments are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing mid-market value.

Property and unquoted investments are initially recognised at cost and subsequently measured at fair value unless fair value cannot be measured reliably in which case, they are measured at cost less impairment.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between fair value at the year end and their carrying value.

37

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Notes to the Accounts for the year ended 30 June 2023 (cont.)

Provisions

Provisions are recognised when there is a present obligation (legal or constructive) as a result of a past event, it is probable that the obligation will be required to be settled, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting taking into account the risks and uncertainties surrounding the obligation. Provisions are discounted when the time value of money is material.

Financial instruments

Financial assets and liabilities are recognised when the Charity becomes party to the contractual provisions of the financial instrument. In addition to its fixed asset investments, as described above, the Charity holds basic financial instruments which comprise cash at bank, trade and other receivables and trade and other payables.

Financial assets - classified as basic financial instruments

(i) Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Other receivables

Other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Charity assesses whether there is objective evidence that a receivable amount may be impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Statement of Financial Activities.

(iii) Other payables

Other payables are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the discounted amount of the cash expected to be paid.

Foreign exchange

The financial statements are presented in the currency of the primary economic environment in which the Charity operates (the functional currency), being GBP. Any foreign currency transactions are translated into the functional currency using exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the transactions at yearend exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Financial Activities.

38

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Notes to the Accounts for the year ended 30 June 2023 (cont.)

Going concern

After making enquiries, the Trustees believe that Prism has adequate resources to continue in operational existence for the foreseeable future. For this reason, the Trustees have continued to adopt the going concern basis in preparing the financial statements.

The Trustees have reviewed and considered the relevant information, considering a period of a minimum of 12 months from the date of approval of these financial statements, in making their assessment. Based on these assessments, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

PRIOR YEAR RESTATEMENT

Included within the prior year figures is an adjustment to investment income of £948,100 to recognise the income received on investments. This resulted in the investment income increasing from £332,576 to £1,280,676. Additionally, £453,031 worth of investment management charges have been recognised in respect of generating funds. This resulted in a change in expenditure from £57,595,458 to £58,048,489. The net impact of these adjustments has been corrected through the restricted loss on revaluation of fixed asset investment, increasing the balance from £8,019,451 to £8,514,520.

1. INCOME FROM DONATIONS

Individuals’ donation income
Collectives’ donation income
Total		 2023
2022
£
£
81,231,102
82,447,514
29,097,352
30,391,698
110,328,454
112,839,212

The donation income is split between a donation of cash of £88,129,350 and a donation of assets of £22,199,104. By nature of a Donor Advised Fund service, donors may give significant donations in their first year and take time to carefully work out a strategy for their giving. This is to ensure the distributions are made, with thorough guidance, due diligence, governance and compliance. In addition if a donor makes a significant gift in Year 1, the effective distribution of such a large gift may take a number of years.

39

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

The breakdown of income into our 11 impact areas is as follows:

2023 2022
£ £
Disaster Relief and Humanitarian Aid 19,363,716 14,688,762
Povertyand Hunger 728,620 937,598
Health and Well Being 3,925,187 3,595,004
Education 2,206,970 5,261,337
Equalityand Human Rights 822,279 4,012,891
Religion 571,543 625,760
Arts & Culture 14,992,009 3,520,577
Economic Growth 762,903 962,226
Justice and CommunityDevelopment 927,077 1,292,458
Environment and Animal Welfare 1,591,454 1,044,592
General Charitable Purposes 64,436,696 76,898,007
TOTAL 110,328,454 112,839,212

Donation Income received split by Impact Area:

40

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

2. OTHER INCOME AND INCOME FROM INVESTMENTS

. OTHER INCOME AND INCOME FROM INVESTMENTS
Investment Income
Interest and dividend receivable
Total
Other Income
Other Income
Prism Admin Fees
Total		 2023
Restated
2022
£
£
2,807,078
1,280,676
2,807,078
1,280,676
2023
2022
£
£
347,266
207,113
1,774,611
1,489,518
2,121,877
1,696,631

41

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

3. CHARITABLE EXPENDITURE

The breakdown of charitable expenditure into our 11 impact areas is as follows:

2023 2022
£ £
Disaster Relief and Humanitarian Aid 13,915,431 13,140,976
Povertyand Hunger 1,410,904 2,355,836
Health and Well Being 7,718,306 8,851,689
Education 10,613,013 11,248,319
Equalityand Human Rights 3,228,768 2,413,181
Religion 3,729,182 4,505,729
Arts & Culture 12,907,754 7,114,555
Economic Growth 841,884 661,667
Justice and CommunityDevelopment 6,898,360 2,396,627
Environment and Animal Welfare 2,876,885 915,848
General Charitable Purposes 1,767,384 2,419,460
TOTAL 65,907,871 56,023,887

Charitable Expenditure split by Impact Area:

42

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Notes to the Accounts for the year ended 30 June 2023 (cont.)

Direct charitable expenditure – Other Costs

irect charitable expenditure – Other Costs
Management and administration costs
Governance costs
Total		 2023
£
Restated
2022
£
1,774,611
1,556,571
371,438
290,284
2,146,049
1,846,855

Governance costs are fees of £32,000 (2022: £15,000) payable to the Auditors for audit fees and other accounting services. Management and administration costs include office rent, donation administration and other office costs.

No payments are made to Trustees.

4. NET INCOME FOR THE YEAR

The net income for the year is stated after charging:
Auditors’ remuneration
Auditors’ remuneration for non-audit services		 2023
£
2022
£
32,000
15,000
15,765
-
47,765
15,000

Included in the fee payable to the Auditors is work on accounting, tax and other related matters.

5. FIXED ASSETS

. FIXED ASSETS
Fixed asset property investment
Fair value at 01 July 2022
Fair value movement
Transfer between funds
Fair value at 30 June 2023		 Unrestricted
Restricted
Total
£
£
£
792,000
1,848,000
2,640,000
-
-
-
-
-
-
792,000
1,848,000
2,640,000

The charitable company purchased a property in April 2012.

As at the year end, 30 June 2022, the property was valued by Avison Young in accordance with the current RICS Valuation Global Standards, effective from 31 January 2022, published by the Royal Institution of Chartered Surveyors (the RICS Red Book) on the basis of Fair Value as defined in the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019. The Trustees have an option over the value of the building, whereby once sold, a proportion of the sales proceeds are able to be used for general running purposes of the Charity. As at 30 June 2023, the Trustees are of the opinion that this option will be exercised upon disposal, given

43

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Notes to the Accounts for the year ended 30 June 2023 (cont.)

the continuing growth of the Charity and subsequent running cots. As such, it was agreed to recognise the relevant proportion of the value of the assets as unrestricted in these financial statements.

Listed investments– restricted fund

Fair value as at 01 July 2022
Gift of assets
Purchases in the year
Sales in the year
Fair value movement
Fair value at 30 June 2023		 Total
£
174,600,328
22,199,105
45,403,833
(43,802,320)
8,017,478
206,418,424

The value of the holdings has been disclosed at their fair value on 30 June 2023.

Included in investments held at the balance sheet date was:

Bonds
Equities
Hedge Funds
Mixed Portfolio
Total		 2023
2022
£
£
13,856,572
11,469,403
10,966,674
23,119,061
88,428,827
83,418,262
93,166,351
56,593,602
206,418,424
174,600,328
6. DEBTORS
Rent debtor
Trade receivables
Rent deposit
VAT repayment due
Social Impact Loan
Other debtor - Gift Aid		 2023
2022
£
£
-
66,767
85,800
-
-
33,025
66,426
21,168
796,258
1,001,000
2,754,137
732,948
3,702,621
1,854,908

44

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Notes to the Accounts for the year ended 30 June 2023 (cont.)

Social Impact Loan

RefuAid, a collective fund operating under the auspices of Prism, run an interest-free lending programme dedicated to helping refugees in the UK complete their training and licencing so they can work in their field in the UK. The ‘Access Loan” scheme provides people who have claimed asylum in the UK the opportunity to return to their previous career with an interest-free loan that covers the cost of requalification. As part of RefuAid’s scheme, Prism receives funding via social impact loans by entering into social investment agreements with funders supporting this programme.

The scheme is operated as follows:

Street UK CIC is an ethical lender that has partnered with RefuAid, to provide the loan provision and administration. All the contracts with the beneficiaries, administered by Street UK CIC, include clear repayment terms and the loan payment arrangement details. The beneficiaries pay their loans back to Street UK CIC, who in turn return the funds to Prism, so the original funders can be repaid. However, some funders may choose not to be repaid and to instead recycle their loan back into the scheme, in which case Street UK CIC keeps the funds and loans them again to new beneficiaries of the RefuAid loan programme. In June 2023, the administration of RefuAid’s loan provision programme moved from Street UK CIC to East Lancashire Moneyline (IPS) (known as “Moneyline”), a not-for-profit organisation providing access to credit for the lowest income households in the UK.

7. LIABILITIES DUE WITHIN ONE YEAR

Short term creditor
Social Impact Loan
Other creditors		 2023
2022
£
£
32,000
30,000
1,475,000
1,145,000
32,135 33,621
1,539,135
1,208,621

See comments in note 6 for an explanation of the Social Impact Loan.

8. FUNDS

Balance at 01 July 2022
Net movement in funds
Balance at 30 June 2023
Represented by fixed assets
Cash at bank
Other net assets / (liabilities)		 Unrestricted
funds
Restricted
funds
Total 2023
Total 2022
£
£
£
£
812,573
234,424,703
235,237,276
188,107,766
578,014
53,973,271
54,551,285
47,129,510
1,390,587
288,397,974
289,788,561
235,237,276
792,000
208,266,424
209,058,424
177,240,328
532,161
78,034,489
78,566,650
57,350,661
66,426
2,097,061
2,163,487
646,287
1,390,587
288,397,973
289,788,560
235,237,276

45

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Balance at 01 July 2021
Net movement in funds
Balance at 30 June 2022
Represented by fixed assets
Cash at bank
Other net assets / (liabilities)		 Unrestricted
funds
Restricted
funds
Total 2022
Total 2021
£
£
£
£
1,134,483
186,973,283
188,107,766
141,053,738
(321,910)
47,451,420
47,129,510
47,054,028
812,573
234,424,703
235,237,276
188,107,766
792,000
176,448,328
177,240,328
152,555,312
-
57,350,661
57,350,661
34,649,699
20,573
625,714
646,287
902,755
812,573
234,424,703
235,237,276
188,107,766
Balance at 01 July
2021
Income
Expenditure
Transfer between
funds (Note 21)
Net losses on
investments
Balance at 30
June 2022
Income
Expenditure
Net gains on
investments
Transfer between
funds (Note 21)
Balance at 30
June 2023		 DAF
Collective
Total
restricted
funds
Unrestricted
funds
Total
£
£
£
£
£
165,281,875
21,691,408
186,973,283
1,134,483
188,107,766
83,728,190
30,391,698
114,119,888
1,696,631
115,816,519
(23,056,638)
(33,420,280)
(56,476,918)
(1,571,571)
(58,048,489)
(190,230)
-
(190,230)
190,230
-
(10,001,320)
-
(10,001,320)
(637,200)
(10,638,520)
215,761,877
18,662,826
234,424,703
812,573
235,237,276
83,225,121
29,308,225
112,533,346
2,724,063
115,257,409
(37,453,597)
(29,123,957)
(66,577,554)
(2,146,049)
(68,723,603)
8,017,478
-
8,017,478
-
8,017,478
-
-
-
-
-
269,550,879
18,847,094
288,397,973
1,390,587
289,788,560

Notes to the Accounts for the year ended 30 June 2023 (cont.)

9. OPERATING LEASE COMMITMENTS

46

PRISM THE GIFT FUND

Charity Registration number 1099682 Company Registration number 04677253

At 30 June 2023 the Charity has the following annual commitments under operating leases expiring as follows:

As lessee:

Land and buildings:
Less than 1 year
2-5 years
Over 5 years		 2023
2022
£
£
175,460
-
372,744
-
-
-
548,203
-

A new 5-year lease was entered into in November 2022. In addition, another 5-year lease was entered into in July 2023. However, commitment for this lease will end in April 2024.

As lessor:

Land and buildings:
Less than 1 year
2-5 years
Over 5 years		 2023
2022
£
£
141,252
141,252
141,252
141,252
115,324
256,576
397,828
539,080

10. TRUSTEES REMUNERATION

During the year, the Trustees received no remuneration or expenses from Prism or any related entity.

11. STAFF COSTS

There are no staff costs as Prism does not employ anybody directly. Staff are employed and paid by Prism Administration Limited as part of the service provided to Prism.

12. STATUS

Prism is a registered charity constituted as a company limited by guarantee, and does not have share capital. The liability of each member is limited to £1.

13. CAPITAL COMMITMENTS

The Trustees are not aware of any capital commitments.

14. CONTINGENT LIABILITIES

The Trustees are not aware of any contingent liabilities.

Notes to the Accounts for the year ended 30 June 2023 (cont.)

15. RELATED PARTY TRANSACTION

47

PRISM THE GIFT FUND

Charity Registration number 1099682 Company Registration number 04677253

15.1 The Charity has no related party transactions, except those highlighted in note 15.2

15.2 PRISM ADMINISTRATION LIMITED

Prism the Gift fund was founded by Anna Josse and Gideon Lyons. They are both directors and shareholders of Prism Administration Limited. Prism Administration Limited has a contract with Prism the Gift Fund to run its operations. In the year to 30 June 2023 fees of £1,774,611 (2022: £1,489,518) were paid to Prism Administration. These charges are agreed directly with the donor before funds are received. The charges are made to Prism the Gift Fund and recharged to the relevant fund at cost.

Prism Administration Limited provides a range of support services including:

16. DONATIONS MADE

Prism works at the highest level of compliance and governance, reviewing charities both in the UK and overseas before grants are made.

The individual donors suggest where they would like to make donations. Where there are multi-year grants Prism will review the project through reporting and accounts before making a grant in the following year.

For overseas gifts, Prism has detailed application forms the entity has to complete which is assessed and reviewed by a team to ensure the entity is complying with UK charitable law and is a well-run organisation.

For Collective Funds, Prism is reviewing grant requests as they arise, working with partners in the UK or other countries to ensure a project is delivered efficiently and in line with UK charitable law. There is ongoing reporting and monitoring of grant funds via strict grant agreements stipulating clear reporting parameters and requirements in accordance with the size of a grant and the duration of a grantee programme. Furthermore, Prism has diversified its reporting requirements via reviewing other reporting tools and mechanisms which demonstrate charitable output such as videos, pictures and online media alongside financial reporting.

Notes to the Accounts for the year ended 30 June 2023 (cont.)

48

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

The work right across the board of supporting a range of charities is clearly aligned to Prism's aim of ensuring funds flow out into the charitable sector and to highly effective and well-run charities.

The following is a list of grantee entities that received grants of £25,000 and above:

To Amount
A New Vision Limited £89,297
Aberlour Child Care Trust £113,189
Absolute Return for Kids(ARK) £25,000
ACCEPT Association £57,054
AccountabilityLab,Inc £156,056
Action For StammeringChildren £50,000
Action Medical Research £25,000
Adpare £71,947
African Futures Institute £50,000
Aish Hatorah UK Limited £42,500
Al Mustafa Welfare Trust International £129,750
Alzheimer's Research UK £212,250
Amna(Refugee Trauma Initiative Hellas) £90,902
Amna(under Prism the Gift Fund) £150,859
Animals Asia Foundation £100,000
Apna Haq £28,450
Art Explora £9,624,545
Art Explora UK £200,000
Asociatia LOGS £75,000
ASSIST £63,310
Association for Human Rights Lex XXI £178,396
Association For Supporting Socio-Cultural Entrepreneurs Health
Educational(Saúva)		 £53,495
Association KE-JOS-THE-AT-ER £40,072
Attika Human Support £62,616
Avocats Sans Frontiers £31,325
BabyBasics UK £30,000
Baltic Salmon Fund £30,000
Baobab Experience £41,727
Barking& Dagenham Youth Zone £50,344
Barnet Youth Zone £40,000
Become Charity £25,000
Beit Halochem UK £173,655
Best Beginnings £30,000

49

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Better Days Greece £88,920
BigHelpProject £25,000
BINAA Organization for Development £104,414
Birmingham Royal Ballet £100,000
Birth Companions £27,500
Black EquityOrganisation £1,778,923
Blue Marine Foundation £130,000
Bowden Pillars Future Ltd £100,000
Brighton Hove Food Partnership £35,750
Bristol Textile Quarter CIC £33,500
British & Irish Agencies Afghanistan Group (BAAG) £31,949
British Friends of United Hatzalah Israel £68,696
Buttle UK £30,000
CampSimcha £34,660
Campaign Against Antisemitism £61,800
Cancer Research UK £410,000
Caritas Austria £173,240
Catch 22 CharityLimited £30,000
Cattanach £500,000
Caudwell Children £119,600
Centre for Policies and Reforms(CPR Moldova) £62,282
Central Synagogue London(United Synagogue) £27,730
Centre For Advanced Rabbinics £150,000
Centre for Effective Altruism £130,861
Chai-Lifeline Cancer Care £49,800
Champalimaud Foundation £80,039
CharityEntrepreneurship £160,000
CharityGlobal(UK)Limited £45,000
CharityRight £40,000
CHEERing £32,210
Chief Rabbinate Trust £25,000
Children on the Edge £30,000
Choose Love(under Prism the Gift Fund) £71,555
Church of Scotland(CrossReach) £111,616
Citizens UK £108,425
ClimateForce Limited £247,067
Collective Aid £144,952
CommunitySecurityTrust £63,000

50

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Congolese Communityof Greece £42,616
Connect byMusic/CBM £60,308
Coram Children’s Legal Centre Limited £30,000
Coram's Fields and the Harmsworth Memorial Playground £25,000
Cottage FamilyCentre £25,000
Counterpoints Arts £37,000
Crisis Management Association CMA £166,382
Crisis UK £65,500
Da'aro Youth Project £70,000
Dalaid £150,000
DBF Management Services Limited £32,000
de:border-Migration Justice Collective(under Prism the Gift Fund) £31,170
DePaul Ireland £29,078
Disasters EmergencyCommittee £25,000
Disrupt Foundation £3,682,098
Dropin the Ocean £26,852
EarlyYears Scotland £40,000
ECPAT France £44,230
Edith Neville PrimarySchool £58,107
Egala Association £36,203
Environmental Protection Agency £79,804
Equal Legal Aid(ELA) £26,374
Equal Rights Beyond Borders £50,636
Faros Elpidas £297,417
Fenix Humanitarian Legal Aid £184,707
Fondation Art Explora(PtGF) £634,000
Fondation Marguerite et Aime Maeght £60,000
Foundation for Jewish Heritage £25,000
Foundation Full of Life £26,147
Foundation Towards Dialogue £65,011
FOXG1 Research Foundation Inc £49,039
Free Your Mind CIC £30,000
Friends of HEC Charitable Trust £119,344
Friends of Rabin Medical Center £86,567
Friends of Yad Sarah £126,500
Friends of Yeshivas Torah Ohr £165,456
Gabriel Project Mumbai £100,000
Give DirectlyInc £135,000

51

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
GIVMED £26,167
Global Generation £189,160
Global Health 50/50 £534,700
Glocal Roots £37,543
Grace Labs Limited £75,000
GRIN2B Foundation £50,344
Gua Africa £27,912
Guerrand Hermes Foundation for Peace £86,000
Guy’s and St Thomas’ Foundation £100,000
HackneyChildren and BabyBank £25,000
Halcyon London International School £42,436
Hand in Hand for Aid and Development £844,379
Harmonyin Education £50,000
Harwich Kindertransport Memorial and LearningTrust Ltd £39,335
Hasmonean High School Charitable Trust £570,550
Hatzola Edgware £30,000
Hayata Destek £79,995
HIAS Europe £29,978
Himalayan Cataract Project £57,106
Holocaust Educational Trust £441,660
Hopscotch Women's Centre £50,000
Horatio's Garden £51,950
Human Relief Foundation £604,030
Human Rights Legal Project £47,958
HumanRights360 £33,388
Hurras Network £298,565
Imkaan £40,000
Imperial College of Science Technology& Medicine £150,000
Independent Doctors Association(IDA) £420,365
Institute for Middle East Understanding (IMEU) £54,523
Intereuropean Human Aid Association Germanye.V. £64,751
INTOUNI(Into University) £75,000
Irida Women’s Centre £135,199
Islamic Relief Worldwide £219,000
Israel Philharmonic Orchestra Foundation UK £50,000
Jesuit Refugee Service Romania(JRS Romania) £100,000
Jewish Care £193,443
Jewish Futures Trust Limited £210,000

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
JLE £842,250
Jnetics £45,000
JohannesburgJewish HelpingHand is TradingAs Chevrah Kadisha £30,200
Just Action £33,423
Kabuki Syndrome Foundation £39,974
Katalyst Kitchens £187,022
Kav LaOved - Worker's Hotline £161,181
Keshet £75,000
Kisharon £26,200
La Fondation Maeght(PtGF) £45,381
La Strada International £40,916
Landworks £27,000
Lighthouse Relief £39,943
Little Village £65,500
London CyclingCampaign £60,000
London School of Economics £744,483
London School of Jewish Studies £32,000
Magen David Adom UK £27,500
Maggie Keswick Jencks Cancer CaringCentres Trust £30,000
Magic Breakfast £125,000
Make MyMoneyMatter Ltd £335,074
Mannerheim League for Child Welfare,Uusimaa District £83,779
Maram Foundation £24,847
March of the Living £65,500
Meet International,Inc £25,451
Melissa Network £63,348
Mental Health Innovations £50,000
MercyMission UK £34,500
Microloan Foundation £25,000
Midlothian Sure Start £54,525
Migrant Offshore Aid Station(MOAS)- UK £248,936
MIND £84,717
Mind Your Head(SCIO) £25,612
Mission44 £1,455,331
Mizrachi(UK)Israel Support Trust £288,100
Mobile Info Team(MIT) £40,579
Movement on the Ground £48,871
Multiple Myeloma Research Foundation £41,252

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Muslim Youth Helpline £25,000
MyIsrael £39,100
National Art Collection Fund £100,000
National Portrait Gallery £100,000
National Zakat Foundation(NZF) £315,000
NESTA £597,000
New Horizon Youth Centre £50,000
New Israel Fund £54,465
No Name Kitchen £91,079
Nomada £46,872
Norwood Ravenswood £89,300
Nottingham High School £25,000
Nyanza Reproductive Health Society £83,201
Offene Arme £49,895
Omnes £66,094
One Parent Families Scotland £60,000
One to One Children's Fund £35,000
OnSide Youth Zones £51,000
Or Baruch Association £52,341
Outset - ContemporaryArt Fund £25,000
Oxfordshire CommunityFoundation £75,000
Palace for Life Foundation £35,000
Partnerships for Jewish Schools Limited £32,000
Peace of Mind £55,000
PeacePlayers Middle East £50,000
People in Need £84,671
Physicians Across Continents £342,435
Place2Be £75,500
Poland4You Foundation £77,773
PolicyExchange Limited £40,000
Polish Migration Forum Foundation £44,658
Pro Bono Economics £175,000
Programul Educational Pas cu Pas £19,147
Project MAMA £41,000
Project S.E.E.D. Limited £66,300
Rabbi Sacks LegacyTrust £32,000
Rainbow Railroad USA £44,767
Rainbow Trust Children’s Charity £55,000

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
ReFOCUS Media Labs £160,192
Refugee Biriyani & Bananas(RBB) £60,399
Refugee CommunityKitchen £79,790
Refugee Youth Service(under Prism the Gift Fund) £37,489
Resurgo Trust £50,000
Rights of Women Incorporated Limited £35,000
Rise:61 £25,000
Romodrom o.p.s. £54,188
Room To Read UK Limited £620,000
Royal Academyof Arts £66,500
Royal Academyof Music £100,000
Royal College of Surgeons of England £250,000
Royal Opera House Covent Garden Foundation £140,350
Royal Societyfor the Protection of Birds £30,000
Royal Springboard £25,000
Safe Families for Children £54,000
Safe Passage £101,771
SAM Foundation £31,432
Samaritans £84,717
Samos Volunteers £31,054
Save the Children Fund £33,500
SayIt Loud £90,300
Scene and Heard £25,000
Search and Rescue Relief(SARR) £45,000
Selfm.aid £28,412
Shift Organisation Ltd £40,000
Shine: Support and Helpin Education £336,000
Skylarks Charity £30,000
Social Research and Rehabilitation Association(SARD) £40,459
Somers Town CommunityAssociation £50,000
SOS Humanity £35,704
SOS Mediterranee £43,019
St Barnabas Hospices(Sussex)Ltd £51,200
Starcatchers £50,000
StepbyStepEducational Programme,Moldova £20,682
StichtingDe:Border // migrationjustice collective £79,819
Stir to Action Ltd £38,150
SUDC UK Foundation £50,000

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Suomen Punainen Risti(Finnish Red Cross) £28,935
SurvivingEconomic Abuse £27,500
Sustain: The Alliance for Better Food and Farming £38,976
Svenska Röda Korsets(Swedish Red Cross) £29,463
Tanzania Development Trust £29,370
Tate Foundation £35,680
Teach First £200,000
TejKohli and Ruit Foundation(Nepal) £526,805
Tessa Jowell Brain Cancer Mission CIC £162,500
Thalassa of Solidarity £33,855
The Access to Sports Project £45,000
The Bodie Hodges Foundation £30,000
The Breteau Foundation £703,811
The British Academyof Film and Television Arts £90,000
The British Friends of the Jaffa Institute £30,000
The British Museum Trust £200,000
The BulldogTrust Limited(The Fore) £72,000
The Candlelighters Trust £30,000
The Cares FamilyLimited £30,000
The CaringFamilyFoundation £38,000
The Central British Fund for Jewish Relief £73,750
The Centre for Enterprise,Markets and Ethics £60,000
The Centre for Social Justice £100,000
The Charlie Waller Trust £84,717
The Cityof London School Charitable Trust £137,837
The ContemporaryArt Society £67,000
The CSJ Foundation £159,150
The Death PenaltyProject Charitable Trust £50,001
The Degrees Initiative £800,000
The FlyingSeagull Project £130,000
The FoundlingMuseum £50,000
The Friends of Leighton House £60,000
The GivingKitchen Initiative £29,148
The Guide Dogs for the Blind Association £34,000
The Israel Center on Addiction £30,288
The Jerusalem Foundation £202,341
The Jewish Association for Mental Illness £82,200
The Landworkers Alliance £39,000

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To Amount
The Lotus Flower(social enterprise) £130,414
The Lotus Flower(under Prism the Gift Fund) £108,258
The Merchants House of Glasgow £100,000
The Mindfulness Initiative £32,200
The Miscarriage Association £30,000
The Music in SecondarySchools Trust £32,500
The National Youth Orchestra of Great Britain £40,000
The Network Action Group £32,000
The Orchard Project £38,740
The Oundle School Foundation £63,405
The Parent Rooms £31,500
The Parochial Church Council Of The Ecclesiastical Parish Of St Paul
Crofton,Orpington		 £50,000
The Prince's Trust £150,000
The Roundhouse Trust £75,000
The Royal DrawingSchool £65,000
The Royal Marsden Cancer Charity £50,000
The Royal VeterinaryCollege £25,000
The Scott-Morgan Foundation £50,000
The Seneca Trust £50,000
The Shift Project £43,741
The Shlichut Center £41,274
The SustainabilityInstitute Trust £36,500
The Sutton Trust £130,000
The Trustee for Footballers’ Trust £29,064
The U-Go Initiative £130,174
The Universityof Nottingham £40,000
The Virgin Foundation £127,160
The Walk Productions Ltd £49,902
The WarburgCharitable Trust £50,000
The Weizmann Institute Foundation £213,350
ThirtyPercyFoundation £58,199
Tishreen – Activism and Social Empowerment £38,931
Together Now £26,375
Tommy's £40,000
Transportation Alternatives £62,801
Travalyst Limited £200,000
Trevi Women Ltd £54,000

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
UCL Development Fund £43,000
UK Jewish Film Ltd £58,500
Ukrainian Action £192,715
Ukrainska Spilka £26,276
United Jewish Israel Appeal £29,000
United Synagogue £50,150
UniversityCollege School £35,000
Universityof Birmingham £30,000
Universityof Cape Town £43,125
Universityof Oxford £299,351
Universityof St Andrews £50,000
UP - UnlockingPotential £477,500
Urban CommunityProjects £39,000
Velos Youth £125,044
Villiers Park Educational Trust £25,000
Welight Institute £106,588
Wellingborough School £385,500
West London Zone £35,000
Wild PhilanthropyInc £32,183
Woman’s Trust £36,000
Women for Refugee Women £34,000
WorkingChance Limited £33,000
World Food Programme £70,223
World Land Trust £62,500
Yavneh Olami £43,718
YoungRoots £140,450

17. COLLECTIVE FUNDS

Fund Name

!Khwa ttu Heritage Centre and Digital Archive 2BCured UK Charitable Fund

Act For Cancer Foundation

Description

Raising funds for a South African charity which promotes and researches the history and culture of the San people. Set up to support scientific research organisations to find treatments to alleviate the effects of the GRIN2B Disorder and ultimately a cure. Working to identify, promote and provide practical ways to safely access innovative treatments for cancer patients with hard-to-treat cancers or when standard treatment options have been exhausted.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Fund Name Description
Acumen Fund UK Branch Raising funds for Acumen Fun Inc., a US non-profit
organisation which aims to fight poverty by investing in
companies,leaders and ideas.
Alexander Haus e.V. Raising funds in support of the Alexander Haus restoration and
its educational and community activities in Germany.
ALLMEP UK Raising funds in support of the US and French organisation
Alliance For Middle East Peace, one of the largest and fastest-
growingnetwork ofpeacebuildingorganisations.
AmazoniaAlerta Collective
Fund		 Raising funds in support of AmazoniAlerta CIC, working with
traditional peoples and communities in Brazil to advance the
promotion of their rights and lands and the Amazon
Rainforest.
Amber River Foundation A grant-making fund promoting a range of fundraising appeals
for general charitable purposes.
Amelie and Daniel Linsey
Foundation		 Working with local and international charity partners to
provide aid and support to Sri Lankan communities in the
wake of 2019's Easter attacks.
Black Equity Fund Set up as an interim charitable structure to support the Black
Equity Organisation (UK charity) working to promote
economic, political and social equity for Black people in
Britain.
Choose Love Supporting refugees around the world by ensuring that vital
humanitarian aid reaches them when they need it the most.
Choose Love achieves this by finding local organisations doing
the most effective work, and providing funding for their
projects – for everything from food and clothes to legal aid
andpsychosocial support.
ClimateForce UK Charitable
Fund		 Raising funds for the Australian environmental non-profit
organisation ClimateForce working around the regeneration
and management of tropical rainforest in Far North
Queensland, Australia - cultivating biodiversity and protecting
the natural environment.
CSJ Foundation Collective
Fund		 Supporting the CSJ Foundation (a UK non-profit organisation)
and its work to tackle poverty and related social problems.
FAR - Foundation for ARID1B
Research UK Fund		 Set up to promote the development of life-changing
treatments for people living with ARID1B-related disorder
(ARID1B-RD).
Farming the Future
Collective Fund		 Supporting and administering the Farming the Future grant-
making programme, an alliance that aims to build a system of
regenerative food production and land use that furthers social
and environmentaljustice.
Flackstock Charitable Fund Raising funds in support of general charitable causes through
the Flackstock music festival, in memory of Caroline Flack.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Fund Name Description
Fondation Art Explora Supporting a number of arts programmes in the UK in
collaboration with well-established cultural institutions, with a
focus on audiencesgeographicallyand sociallyremote.
Fondation Maeght
International Council Fund		 Creating an international funding circle in support of the work
of the French foundation Fondation Maeght, including but not
limited to artwork restorations, artwork acquisitions,
exhibitions funding, capital projects, facilities upkeep and
renovation, public programmes, outreach initiatives, concerts,
performances and other cultural events.
Fund 4 Friendship Bench Raising funds to support the work of a Zimbabwe non-profit
organisation, Friendship Bench, supporting evidenced based
mental health interventions, improving mental health
awareness and community empowerment in Zimbabwe and
beyond.
Future Foundations UK A network for minoritised groups that work in philanthropy in
the UK with the aim of tackling deep-seated racial inequalities
within the UK.
Georgia's Fund A memorial fund established to support children and research
into Neuroblastoma cancer.
Harry Kane Foundation Supporting charitable organisations and programmes which
promote good health and wellbeing, with a long-term goal to
help transform a generation’s thinking about mental health.
Harwich Kindertransport
Memorial Appeal		 Raising funds in support of the erection of a memorial statue
in Essex commemorating Kindertransport and the associated
educational activities.
High Wycombe Helping
Others		 Raising funds for programmes in aid of displaced communities
in Europe.
Impact 100 London A donor collective that gives charitable grants to London-
based organisations working to benefit women and girls.
Impande UK Charitable Fund Supporting Impande’s work in South Africa improving access
to and quality of community driven ECD programmes.
International Organisation
for Migration (IOM)		 The UK charitable branch for the United Nations agency
helping the migration process, and ensuring it's humane and
orderly.
ISGAP UK Raising funds for the Institute for the Study of Global
Antisemitism and Policy (ISGAP), a US organisation dedicated
to scholarly research into the origins, processes and
manifestations of global antisemitism and of other forms of
prejudice.
JW3 Development Collective
Fund		 Supporting JW3 Development’s mission to increase the
quality, variety and volume of Jewish conversation through
engagement with Jewish arts,culture,learningand life

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Fund Name Description
Lake Tanganyika Floating
Health Clinic		 Grant making to a US charity that addresses the problems of
healthcare for isolated communities in the Lake Tanganyika
area.
Legal Centre Lesbos Supporting Legal Centre Lesbos AMKE, a Greek non-profit
organisation showing solidarity and support with asylum
applications on the island of Lesvos operating a legal clinic for
refugees.
Lemon Tree Trust Supporting the development of urban agriculture and
greening innovation projects for refugees and displaced
people, as a means of improving the food production and the
well-beingof these communities.
Longview Philanthropy
Collective Fund		 Supporting programmes focused on reducing existential risks,
improving values and institutions for the long term,
conducting prioritisation research and safeguarding future
generations.
Lynedoch Village Fundraising to support the Sustainability Institute in South
Africa, focused on education and community living.
Migrate Raising funds in support of grassroots refugee organisations
through art auctions.
Mission 44 Collective Fund Set up as an interim charitable structure to support the
Mission 44 charity working to champion and empower young
people from underserved groups to succeed through
narrowing opportunity gaps in education, employment and
wider society.
Moving Minds Alliance "A funders collaborative and network that aims to scale up the
coverage, quality and financing of support for young people
and families affected bycrisis and displacement.
Ned's Fund Supporting young people in need by funding UK charities that
offer opportunities outside the boundaries of traditional
education.
Nick's Fund A memorial fund established to support services and facilities
within the UK in their care of brain tumour patients and their
carers,includingresearch, palliative and end of life services.
Once a Year Raising funds for a range of environmental and marine
protection programmes in the Mediterranean Sea.
Percent Foundation A fund set up to leverage technology in order to increase the
amount of money going to UK charities.
Phoenix Court Works Supporting a range of charitable causes and impactful
programmes in the community of Somers Town in Camden
and the "New Palo Alto" ecosystem across: Health and
Wellbeing;Education and Inclusion;Climate and Environment.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Fund Name Description
Pirate National Youth Studio
Fund		 Supporting UK charities engaging young people and vulnerable
young adults from disadvantaged social backgrounds,
particularly those who usually lack access to positive sources
of engagement and/or support, with a focus on self-
development,education and career development.
PJ Library in the UK Distributing free books to children and families in order to
educate them on Jewish religion and Jewish culture.
Prime Advocates Foundation Providing legal and strategic support for social enterprises and
charities.
Project5 "Supporting the work of Project High 5 CIC helping to enhance
the psychological wellbeing of health and social care workers
across the UK.
RefuAid Supporting access to language tuition, education, finance and
meaningful employment for refugees in the UK.
Refugee Trauma Initiative
(AMNA)		 Providing non-clinical mental health support to asylum seekers
and refugees in Europe (and with programmes operated by
partner organisations globally), working to address the long-
term effects of trauma, as well as to train community-based
organisations to deliver theirprogrammes.
Refugee Youth Service Supporting programmes that aim to provide a safe space
where young adults are able to seek the emotional and
material support they need, in Europe.
Resourcing Racial Justice A coalition of people of colour, innovators, change makers,
activists, artists and social leaders dedicated to social change,
who established a UK-wide funding pool in order to support
UK-basedprogrammes workingtowards racialjustice.
Rewriting Extinction
Collective Fund		 Raising funds for the promotion of the conservation protection
and improvement of thephysical and natural environment.
Roya Kabuki Friends &
Family		 Raising funds to support programmes providing high-quality
care to children with Kabuki Syndrome.
SchoolOnline Mission
Charitable Fund		 Supporting a non-profit organisation's, School Online Mission
Limited, charitable work to provide access to all students to
the highest quality levels of tuition in order to help close the
educational attainmentgap.
Soho Impact Support Fund A relief fund established using donations from the senior team
to support Soho House staff and their dependants, in order to
relieve hardship as a result of the Covid-19 pandemic.
Sylvie Nunn Trust Founded in memory of Sylvie Nunn, a partner at Wrigleys
Solicitors LLP specialising in charity law, this memorial fund
supportsgeneral charitablepurposes.
Techfugees Charitable Fund Raising funds in support of The Techfugees Foundation, a UK
non-profit humanitarian organisation that brings together the
digital tech sector,volunteeringandpartner communityas a

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Fund Name Description
global digital collective to empower displaced communities
with equitable access to information, education, health, work
and inclusion in society.
Tej Kohli and Ruit
Foundation Collective Fund		 Working to advance the United Nations Sustainable
Development Goal to end poverty in all its forms everywhere
(SDG1) by funding high-volume treatment interventions to
cure 500,000 patients of cataract blindness in the developing
world by2030.
Tessa Jowell Foundation A fund set up to inspire and accelerate the delivery of
Baroness Tessa Jowell's defining legacy on Brain Cancer.
The 11 Foundation Providing support and funding to established charities and
institutions, and curating collaborations to help enable health
related initiatives, community-led environmental schemes and
the provision of opportunities for disadvantaged and
vulnerablepeople.
The Breteau Collective Raising funds to support the Breteau Foundation’s charitable
activities, including the provision of technology toolkits and
educational workshops to disadvantaged children and
educators worldwide.
The Degrees Collective Fund Set up as an interim charitable structure to support The
Degrees Initiative (UK charity) working for the advancement of
the research of solar geoengineering and related technologies
for thepublic benefit.
The Global Health 50/50
Collective Fund		 Supporting the independent, evidence-driven Global Health
50/50 initiative to advance action and accountability for
gender equalityinglobal health.
The Life You Can Save UK The UK fundraising arm of the US charity working to provide
relief for the poorest people in the world by liaising with and
supportingother highlyeffective charities.
The Long Covid Research
Initiative		 Set up to fund, mobilise and provide support for programmes
that help identify disease mechanisms and find treatments for
Long Covid and associated conditions as well as to advance
public education around such research.
The Lotus Flower Raising funds for The Lotus Flower CIC, who supports
displaced women and women who have been affected by
conflict in Kurdistan, by offering a variety of educational and
skills-basedprogrammes.
The Make My Money Matter
Collective Fund		 Supporting and accelerating Make My Money Matter Limited’s
people-powered campaign, by educating and engaging UK
consumers about how to ensure their pensions are invested in
line with theirpersonal values.
The Matrix Causes Fund A barristers' giving circle, raising funds to support
organisations which promote access to justice, equality or
sustainability.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Fund Name Description
The Office Of Displaced
Designers		 Supporting programmes and organisations related to and/or
impacting: the built environment, protection issues, social
cohesion, cultural understanding and integration of displaced
communities.
The Oliver's Wish
Foundation		 Raising funds for charities focused on supporting babies,
children and young people.
The Paavan Popat
Foundation		 Holding and promoting a range of fundraising appeals for
general charitable purposes.
The Shamaazi Foundation Helping to bridge the gap between charity and technology,
fundraising over the last ten nights of Ramadan via the
platform MyTenNights and distributing donations to
registered charities workingacross the UK and abroad.
The SKR Legacy Collective
Fund		 A memorial fund set up in the memory of the celebrated
author and advisor on education Sir Ken Robinson, continuing
his legacyand work through initiatives in education.
The University of Toronto UK
Fund		 Supporting the education and research endeavours of the
University of Toronto, with research such as exploring cleaner
forms of energy, reimagining the design and infrastructure of
cities, and creating new technologies for environmentally
sustainable societies.
The Worldwide Tribe Bringing a voice to those who have been silenced by conveying
the humanity of the refugee crisis via social media, film and
through holdingtalks and workshops.
Travalyst Collective Fund Raising funds for Travalyst Limited, a non-profit global alliance
working to bring about the systemic changes needed in order
for sustainable travel to become mainstream.
Ukrainian Action UK Fund Supporting the charitable work of Ukrainian Action, a US non-
profit organisation providing humanitarian aid and emergency
relief as well as other charitable activities for the benefit of the
people of Ukraine.
Wild Philanthropy UK Raising funds for a US charity designed to protect at-risk
ecosystems and support vulnerable communities in East
Africa.
World Food Programme The UK charitable branch for the United Nations agency
supporting food provision and nutrition in developing
countries.
Y Tree Foundation Raising funds via networking fundraising events in support of a
range of UK charities.

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

18. GRANTS DISTRIBUTION BY COUNTRY – List of Countries to >£25k distributed

Country Amount
Australia £47,495
Austria £173,240
Belgium £80,636
Bosnia £59,095
Brazil £160,623
Canada £34,116
Czech Republic £116,023
Finland £147,965
France £5,170,540
Germany £311,726
Greece £1,778,042
Hongkong £704,201
Hungary £53,081
India £95,728
Ireland £85,385
Israel £624,414
Italy £61,328
Kenya £85,440
Moldova £488,628
Nepal £561,296
Norway £26,852
Poland £653,620
Portugal £80,039
Romania £344,682
Serbia £127,802
Singapore £27,721
Slovakia £47,020
South Africa £145,315
Spain £122,679
Sweden £123,141
Switzerland £126,992
Tanzania £75,676
The Netherlands £326,702
Turkey £1,422,357
UK £49,061,732
Uruguay £33,113
USA £1,607,877

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

19. INCOME RECEIVED BY COUNTRY – List of Countries from >£25k received

Country Amount
Australia £29,938
Cayman Islands £180,000
France £3,821,023
Germany £178,164
Guernsey £2,286,620
Ireland £223,204
Liechtenstein £675,213
Luxembourg £4,554,893
Singapore £440,000
Switzerland £9,181,555
The Netherlands £576,442
UK £60,222,530
USA £4,987,440

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Charity Registration number 1099682 Company Registration number 04677253

Notes to the Accounts for the year ended 30 June 2023 (cont.)

20. Comparatives for the Statement of Financial Activity

Income from
Donations
Other income
Investments
Total
Expenditure on
Cost of generating funds
Charitable activities
Total

Net (loss) on investment property
Net (loss) on revaluation of fixed asset
investments
Transfers between funds

Net Movement in Funds

Total Funds brought forward at 1 July 2021
Total Funds carried forward at 30 June 2022		 Restated
Unrestricted
Restated
Restricted
Restated
Funds
Funds
Total 2022
£
£
£
-
112,839,212
112,839,212
1,696,631
-
1,696,631
-
1,280,676
1,280,676
1,696,631
114,119,888
115,816,519
-
453,031
453,031
1,571,571
56,023,887
57,595,458
1,571,571
56,476,918
58,048,489
(637,200)
(1,486,800)
(2,124,000)
-
(8,514,520)
(8,514,520)
190,230
(190,230)
-
(321,910)
47,451,420
47,129,510
1,134,483
186,973,283
188,107,766
812,573
234,424,703
235,237,276

21. Transfer of funds

As discussed in note 5, in the prior year the Trustees have recognised a portion of the investment property as part of the Charity’s unrestricted reserves, as they have the option of realising a portion of any sales proceeds as unrestricted income in the future.

In addition, the Charity undertook an exercise to allocate all assets between the different funds with resulted in a transfer between the unrestricted and restricted funds. Notes to the Accounts for the year ended 30 June 2023 (cont.)

22. Comparatives for the list of grantee entities that received grants of £25,000 and above in FY 2021/22:

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PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
01 Founders £100,000
Aalto UniversityFoundation £43,260
ACCESS £160,000
Action For StammeringChildren £35,000
ActionAid £58,223
Acumen Fund,Inc. £90,000
Advance Advocacyand Non-Violence CommunityEducation £45,000
Afghan Association Paiwand Ltd £35,622
Ahavat Shalom CharityFund £822,314
Aish Hatorah UK Limited £25,900
Al Mustafa Welfare Trust £394,666
Albanian Rehabilitation Centre for Trauma and Torture(ARCT) £25,216
Alleyn's School £750,000
Alzheimer's Research UK £225,000
Animals Asia Foundation £100,000
Art Explora £4,993,270
Association ALLMEP EUROPE £29,950
Association of Afghan Healthcare Professionals-UK £47,213
Association of Muslim Schools £50,000
Asthma and LungUK £31,000
Asylum Seekers Information Services Team(A.Ss.I.S.T.) £41,583
Attika Human Support £60,550
Avocats sans Frontières France £27,120
BabyBasics UK £26,000
Baltic Salmon Fund £52,492
Baobab Experience £38,075
Barking& Dagenham Youth Zone £25,000
Barnardo's £328,516
Barnet Youth Zone £25,000
Better Days Greece £157,687
Birmingham Royal Ballet £50,000
Black EquityOrganisation(BEO) £750,000
Blue Marine Foundation £125,000
Brighton & Hove Food Partnership £55,000
British Friends of Tzohar £34,000
British Refugee Council £26,500
Buttle UK £40,000
Callactivit £46,074

68

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Cancer Research UK £261,000
Caritas Austria £175,212
Cattanach £125,000
Center for Health Equity,Education and Research International Group £39,194
Central Synagogue London(United Synagogue) £28,030
Centre For Advanced Rabbinics £100,000
Chai-Lifeline Cancer Care £33,210
CharityGlobal(UK)Limited £45,000
Chazak Limited £50,000
Children on the Edge £57,641
Colindale Communities Trust £52,500
CommunitySecurityTrust £164,000
Congolese Communityof Greece £68,487
Coram Children’s Legal Centre Limited £30,000
Crisis Management Association CMA £274,257
Crisis UK £119,759
Da’aro Youth Project £50,445
Dalaid £109,297
Different & Equal £36,888
Disrupt Foundation £541,987
Dropin the Ocean £46,234
EarlyYears Scotland £40,000
Earth Species Project £41,116
Economic, Social and Cultural Rights in the UK (Trading as Justice
Collaborations)		 £50,000
ECPAT France £244,152
Equal Rights Beyond Borders e. V. £32,516
Eudaimonia Medical Services(EMS) £106,778
Fairshare Educational Foundation £25,000
Farmerama Radio Ltd £46,000
Faros Elpidas £119,561
Fenix Humanitarian Legal Aid £164,102
Folkowisko £47,703
Follicular Lymphoma Foundation £36,800
Fondation Art Explora(under Prism the Gift Fund) £770,539
Fondation Marguerite et Aimé Maeght £105,000
Food For All(Ukraine) £37,744
FoodKIND £71,921

69

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Foundation for Jewish Heritage £26,000
Foundation for Somalia £46,650
Founders For Good Ltd £82,231
Free Movement Skateboarding £34,263
Free Your Mind CIC £30,000
Friends of Bnei Akiva(Bachad) £75,000
Friends of HEC Charitable Trust £55,417
Friends of Yad Sarah £26,250
Friends of Yeshivas Torah Ohr £110,786
FUCAE £46,202
Fundacia ReFOCUS Media Labs £100,815
Fundacja w StronęDialogu £64,286
Future Youth Zone Barkingand Dagenham £25,000
Gabriel Project Mumbai £68,000
Genderdoc-M £34,293
Give It Forward Today £51,100
Global Generation £25,000
Global Health 50/50(GH5050) £95,289
Glocal Roots £51,542
GoverningCouncil of the Universityof Toronto £74,341
Grace Labs Limited £60,000
Greenpeace Environmental Trust £40,000
Hampshire Hospitals Charity £26,272
Hand in Hand for Aid and Development £98,906
Harwich Kindertransport Learningand Memorial Trust Ltd £34,000
Hasmonean High School Charitable Trust £495,750
HIAS,Inc. £87,559
Home-Start UK £60,000
Human Relief Foundation £213,476
Humanitas Charity £360,000
HumanRights 360 £82,970
Imperial College of Science Technology& Medicine £155,893
IndiGo Volunteers £48,210
Institute for Middle East Understanding (IMEU) £44,334
InterEuropean Human Aid Association Germanye.V. £28,939
International Foundation for Muslim Theology £35,435
IntoUniversity £137,500
Islamic Help £505,192

70

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Islamic Relief Worldwide £224,416
James' Place Charity £56,016
Jamie's Farm £50,000
Joint Council for the Welfare of Immigrants(JCWI) £50,000
Jewish Book Council £112,000
Jewish Care £1,178,005
Jewish LearningExchange(JLE) £710,800
Jnetics £28,000
JohannesburgJewish HelpingHand £51,800
Just Action £55,226
Justice Collaborations £50,000
JW3 Development £127,476
Kabuki Syndrome Foundation £102,789
Karolinska Institute £1,020,566
Kav LaOved - Worker's Hotline £45,440
Kedma – for Social & Educational Equalityin Israel £45,895
Kids for Kids £25,000
KingSolomon School Trust £34,600
King's College London £150,000
Kisharon £35,600
Kolektivna Pomoć(Collective Aid) £123,167
Landworks £25,000
L'Arche £40,000
Limmud £35,000
Little Village £58,767
LivingStreets(The Pedestrians Association) £50,000
London School of Economics £102,663
London School of Jewish Studies £27,000
Magen David Adom UK £133,000
Maggie Keswick Jencks Cancer CaringCentres Trust £100,000
Magic Breakfast £112,000
Mary's Meals £41,250
Médecins Sans Frontières(UK) £62,000
Medical Volunteers International e.V. £34,591
Medico International e.V. £50,000
Melissa Network for Migrant Women in Greece £114,150
Mental Health Innovations £65,000
Microloan Foundation £25,000

71

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Midlothian Sure Start £54,525
Migrant Offshore Aid Station(MOAS)UK £100,000
Migrants Organise Ltd £50,000
Mind Your Head(SCIO) £28,232
Mizrachi(UK)Israel Support Trust £241,800
MousetrapFoundation for the Arts £48,016
Multiple Myeloma Research Foundation £37,178
Muslim Youth Helpline £75,000
MyIsrael £27,500
Nadacia Integra £194,598
Naima JPS £250,000
National Portrait Gallery £30,000
National Zakat Foundation £230,416
National Zakat Foundation(NZF) £500,000
Nepal Eye Program,Tilganga Institute of Ophthalmology £75,159
New Israel Fund £64,000
Noah's Ark - The Children's Hospice £255,500
Nomada £42,679
NoNameKitchen £50,047
Norwood Ravenswood £504,183
Nyanza Reproductive Health Society £75,139
Offene Arme e.V. £54,046
Omnes £84,437
One Parent Families Scotland £60,000
One to One Children's Fund £73,000
Orange House(ZAATAR) £31,763
Outset - ContemporaryArt Fund £55,000
Ove Arup& Partners Limited £45,600
Oxfordshire CommunityFoundation £25,000
Palace for Life Foundation £35,000
Peace of Mind CIO £25,000
Phoenix Court Works(under Prism the Gift Fund) £250,000
PolicyExchange Limited £165,000
Polish Migration Forum Foundation £45,751
Prison Advice And Care Trust(Pact) £37,500
Pro Bono Economics £95,000
Rabbi Sacks LegacyTrust £160,000
Rainbow Trust Children’s Charity £55,000

72

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
RAPAR(Refugee and Asylum Seeker ParticipatoryAction Research) £25,000
RE:ACT Disaster Response Limited £500,000
RefuAid(under Prism the Gift Fund) £170,000
Refugee 4 Refugees £49,804
Refugee Biriyani & Bananas £37,945
Refugee Trauma Initiative Hellas £62,566
Refugee Women’s Centre £46,623
Refugee Youth Service(under Prism the Gift Fund) £28,681
ResourcingRacial Justice(under Prism the Gift Fund) £48,000
Resurgo Trust £50,000
Room To Read UK Limited £750,000
Royal Academyof Arts £25,150
Royal Academyof Music £50,000
Royal College of Surgeons of England £250,000
Safe Families for Children £50,000
Safe Passage International £45,521
Samos Volunteers £32,114
SayIt Loud Club £54,000
Scene & Heard £30,000
Sentebale £50,000
Shared Assets CIC £30,000
SHG Acquisitions(UK)Ltd £61,720
Shift Organisation Ltd £30,000
Shine: Support and Helpin Education £90,000
ShrewsburySchool Foundation £125,000
Skylarks Charity £30,000
Solidarités International UK £42,351
Southbank Centre £70,000
St Paul's Girls' School £26,885
St Paul's School £62,500
StandWithUs UK £25,000
StichtingBecause We Carry £64,116
StichtingEffective Foundation £520,000
StichtingFriends of Alpha £84,578
StichtingMovement on the Ground £119,283
Stir to Action Ltd £58,775
Stopthe Traffik £50,000
Students Organisingfor SustainabilityUK £55,015

73

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
Surfers Against Sewage £25,000
Sustain: The Alliance for Better Food and Farming £59,963
Sustainable Markets Foundation £36,562
Tarjimly £98,645
Teach First £200,000
Teenage Cancer Trust £30,500
TejKohli and Ruit Foundation £560,134
Tel Aviv UniversityTrust £25,313
Terre des hommes Mission in Albania £38,028
Tessa Jowell Brain Cancer Mission £40,000
The Amelie and Daniel LinseyFoundation £200,000
The American Jewish Joint Distribution Committee(UK)Trust £37,305
The Blue Thread £25,000
The Bodie Hodges Foundation £30,000
The Branch Trust,ChippingNorton(CIO) £25,000
The Breteau Foundation £788,599
The British Academyof Film and Television Arts £90,000
The British Council £25,000
The British Friends of the Jaffa Institute £35,000
The British Museum £200,000
The British Red Cross Society £88,000
The Candlelighters Trust £30,000
The Cares FamilyLimited £30,000
The Carlos Acosta International Dance Foundation £100,000
The Central British Fund for World Jewish Relief £82,730
The Centre for Social Justice £100,000
The Cityof London School Charitable Trust £270,145
The Communities Foundation of Texas £55,000
The ContemporaryArt Society £29,000
The CSJ Foundation £137,500
The David McAntonyGibson Foundation(GlobalMedic) £252,914
The Design Museum £34,200
The Friends of Alyn Orthopaedic Hospital for Children,Jerusalem £30,000
The Friends of Leighton House £100,000
The Garden Library £46,074
The Gesher Trust £174,994
The Girls’ DaySchool Trust £150,000
The Global Fund for CommunityFoundations £230,015

74

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
The Guide Dogs for the Blind Association £33,000
The Hands UpFoundation £57,000
The HenryJackson Society £25,000
The International Institute for Strategic Studies £50,000
The International La Strada Association £43,670
The Israel Center on Addiction £33,854
The Israel Museum £82,231
The Jerusalem Foundation £174,550
The Jewish Association for Mental Illness £51,005
The Landworkers' Alliance £179,999
The Langdon Foundation £45,800
The Life You Can Save US £117,176
The Lotus Flower £106,193
The Lotus Flower(under Prism the Gift Fund) £114,700
The Michael J. Fox Foundation for Parkinson’s Research £55,738
The Miscarriage Association £30,000
The National Libraryof Israel £789,578
The Norman Foster Foundation £50,000
The Or Baruch Association £25,000
The Orchard Project(Cause)Ltd £59,650
The Oundle School Foundation £58,973
The Parent Rooms £30,000
The Parochial Church Council Of The Ecclesiastical Parish Of St Paul
Crofton,Orpington		 £25,000
The Pickwell Foundation £38,102
The Prince's Trust £75,000
The RajVir Foundation £1,000,000
The READ Foundation £755,416
The Roundhouse Trust £108,300
The Royal College of Music £45,000
The Royal DrawingSchool £50,000
The Royal Institute of International Affairs £66,600
The Royal Marsden Cancer Charity £50,000
The Royal National Institute of Blind People £100,000
The Royal National Theatre £127,962
The Royal VeterinaryCollege £25,000
The SustainabilityInstitute Trust £30,000
The Sutton Trust £130,000

75

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

To Amount
The Universityof Nottingham £59,508
The Virgin Foundation £109,370
The Walk Productions Limited £83,370
The WarburgCharitable Trust £25,000
Tikva UK £312,300
Tishreen – Activism and Social Empowerment £58,392
Travalyst Ltd £370,000
Trevi Women Ltd £50,000
UCL Development Fund £60,647
UK Friends of I.D.C. £37,439
UK Jewish Film Ltd £28,750
United Jewish Israel Appeal £70,860
United Synagogue £42,600
United World Schools £315,000
Universityof Oxford £227,579
Universityof St Andrews £50,000
UP - UnlockingPotential £380,000
Urban CommunityProjects £43,000
Velos Youth £109,192
Verein FAIR. £35,561
War Child £30,000
Watershed Greece £62,318
We Dared to Dream CIC £42,105
Wellingborough School £191,500
West London Zone £35,000
White Helmets Association £41,273
Women@thewell £25,000
World Food Programme £178,460
World Jewish Relief £217,650
Yakar Educational Foundation £33,000
YoungRoots £80,000
Ιrida Women's Centre £282,908

Notes to the Accounts for the year ended 30 June 2023 (cont.)

23. Comparatives for GRANTS DISTRIBUTION BY COUNTRY – List of Countries to >£25k distributed in FY 2021/22:

76

Charity Registration number 1099682 Company Registration number 04677253

PRISM THE GIFT FUND

Country Amount
Albania 100,132
Austria 175,212
Belgium 160,340
Bosnia 54,063
Canada 334,203
Czech Republic 30,543
Finland 84,966
France 4,036,973
Germany 325,711
Greece 2,179,337
HongKong 475,029
Hungary 48,095
Israel 1,821,030
Italy 89,335
Kenya 149,450
Kosovo 51,708
Moldova 34,293
Nepal 581,400
Norway 46,234
Poland 439,651
Romania 33,905
Serbia 126,057
Slovakia 233,081
South Africa 81,677
Spain 106,711
Sweden 50,822
Switzerland 206,971
The Netherlands 894,563
Turkey 41,689
UK 42,017,763
USA 1,320,169

Notes to the Accounts for the year ended 30 June 2023 (cont.)

24. Comparatives for INCOME RECEIVED BY COUNTRY – List of Countries from >£25k received in FY 2021/22:

77

PRISM THE GIFT FUND Charity Registration number 1099682 Company Registration number 04677253

Country Amount
Belgium £33,240
Cayman Islands £30,000
Denmark £54,496
France £1,041,685
Germany £25,468
Guernsey £166,500
HongKong £153,440
Jersey £25,000
Liechtenstein £781,981
Luxembourg £2,134,008
Singapore £818,096
Switzerland £1,916,031
The Netherlands £216,286
UK £67,959,818
USA £6,374,246

78