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2024-06-30-accounts

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

| prismthe gift fund 6)\ . TRUSTEES’ REPORT AND ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024

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 3-26
Independent Auditors’ Report 27-30
Statement of Financial Activities 31
Balance Sheet 32
Cash Flow Statement 33
Notes to the Accounts 34-67

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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

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

Solicitors

Farrer & Co

66 Lincoln Inn Fields London, WC2A 3LH

Maurice Turnor Gardner LLP

15th Floor, Milton House, Milton Street London, EC2Y 9BH

Trustees

Mr. A Collard Lord C. E. R. Banner (appointed 01 August 2024) Mr. C Mesquita Mr. J Amias (appointed 02 April 2024) Mr. J Gold Mr. J Libson (resigned 31 December 2023) Mr. J Simmons (appointed 20 July 2023) Mr. M Ridley (resigned 30 November 2023) Ms. P Lovell Ms. S Clare

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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 2024. 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 cost of living crisis and a dragging economy.

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 2023, the Emergency Events Database (EM-DAT) recorded a total of 399 disasters related to natural hazards – an increase on last year’s figures. These events resulted in nearly triple the number of fatalities to the year before (86,473) and affected 93.1 million people. The economic losses neared over $200 billion. The 2023 earthquake in Türkiye and the Syrian Arab Republic together with the Indonesian drought were two of the most catastrophic in terms of impact on human life and damage

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

to the region. At the same time, we continue to see the impact of wars and conflicts across numerous regions from the Middle East to Sudan and Ukraine.

In the UK, the cost of living crisis persists, with inflationary rates hitting the most vulnerable. Around 29% of UK children live in poverty where families lack adequate financial resources to meet basic needs, such as food, shelter, clothing, and education.

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 crises.

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

Prism saw voluntary income in the year ending June 2024, including investment income and fees reaching £94,084,252 (2023 - £115,257,409). Prism has continued to offer a resilient, highly responsive and efficient operation with a steady stream of new clients across the Donor Advised Fund and Collective Fund operations together with existing clients gifting further funds into their accounts.

Over the last financial period, Prism’s development and growth, the number of referrals from both the private client industry and donors themselves, illustrates the Trustees’ view that the mission of the Charity is both necessary and valued 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 £69,363,208 (2023 - £68,723,603). In the period 2023/2024 Prism distributed £66,110,429 towards charitable activities including grants to hundreds of organisations across 39 locations globally, showcasing an impressive flow of 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 for evaluation and sign off. 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 charitable activities.

In addition to managing 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

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

have taken place over the past financial period and, as a result, private client practitioners have increased their referral level and underlying dialogue with Prism around philanthropy. Most-sessions were conducted face to face in offices with the added benefit of remote participation via Zoom for advisors in other regions.

The following were events and publications in which Prism participated:

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 November 2023, Prism held an event at Evelyn Partners on The Role of Philanthropy in Protecting Human Rights. Baroness Helena Kennedy KC, Director of the International Bar Association’s Human Rights Institute, and Member of the House of Lords, chaired the engaging discussion on human rights with Saul Lehrfreund of the Death Penalty Project (DPP) and David Wolfe KC of Matrix Chambers. Their conversation explored the multitude of complexities in protecting and defending people’s human rights globally and demonstrated why philanthropy is such an important component.

Matrix Chambers run the Matrix Causes Fund, a Collective Fund operating under the auspices of Prism. The fund supports organisations promoting access to justice, equal opportunity, and a sustainable environment for vulnerable groups such as prisoners, asylum seekers, those with mental health difficulties, people with disabilities, and women in refuges.

In June 2024, Prism hosted a powerful event looking at the topic of women and philanthropy. The evening was spent exploring the many roles of women philanthropists, how women give around the world, and why the fight for women’s rights is seeing significant progress as women become more financially empowered to give. The discussion was engagingly chaired by Julie Hutchison, a Philanthropy Specialist at LGT Wealth Management.

For the first part of the event, we were delighted to welcome Livia Firth, trustee of The Circle NGO and Co-Founder of Eco-Age. The Circle is an organisation that for nearly two decades has created a global network of women and allies to defend equal rights and opportunities for women and girls.

The second part of the event included panellists Erica Wax and Ana Morales who focused on the giving of women and the power of network. Erica Wax is a philanthropist and Co-Founder of Impact100 London, a Collective Fund at Prism. Impact100 London utilises the model of collective philanthropy to pool philanthropic gifts to achieve a higher impact in its mission to support organisations committed to improving the lives of marginalised women and girls in London. Ana Morales is a philanthropist and Co-Founder of The Beam Network, an organisation dedicated to

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empowering women wealth holders by providing financial education and enabling investments that are in line with a person’s values.

We were later joined by Raakhi Shah, Chief-Executive of The Circle, who illustrated how place-based local giving remains extremely powerful because of its directly observable impact. Moreover, it creates a culture of community action that will transcend generations.

The conversations continued long after the panel close, as clients, intermediaries, and charities created a space filled with dynamic and important insights into the sector.

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.

This year, Prism again created a summary of the accounts ended June 2023 that was used as a marketing tool and educative tool. This document has been widely read and highly commended. A summary of accounts for the year ended June 2024 will be created.

The following awards have been won:

  1. Wealth Briefing, Wealth For Good Awards, Outstanding CEO Pursuing Wealth for Good (Europe), 2023

  2. Wealth For Good Awards, Outstanding Contribution for Good Initiatives (Europe), 2024

  3. Wealth Briefing European Awards, Philanthropy Offering of the year, 2024

  4. Step Private Client Awards, Finalist, Philanthropy Team of the Year, 2024

  5. Spears 500 Top Recommended Philanthropy and Impact Investing Advisor, 2024

  6. Citywealth Leaders List, Top 10 Philanthropy Advisors 2024

Prism continues to excel around its due diligence and compliance work. Prism carries out due diligence on all charities it gifts to and ensures the appropriate reporting is received too. Each donor has very different interests, and so Prism gifts to a broad collection of charities. As the regulatory landscape has tightened, Prism has responded accordingly by implementing appropriate policies. Prism’s application processes both for prospective clients joining into Prism and for gifts out to overseas entities have further been developed, incorporating more rigorous questioning, to ensure Prism maintains detailed and full oversight of use of funds.

IMPACT THROUGH GRANTMAKING

Prism’s primary objective as a charity is to facilitate charitable distributions in a compliant and impactful manner. Aligned 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 accordance with the regulatory requirements and best practices governing charitable giving.

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

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, UK charitable purposes according to UK charity law, and humanitarian actions during natural disasters and human made 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 grants for medical research, humanitarian aid as well as programmes promoting environmental protection, welfare, community cohesion and access to education.

Note - a list of the Collective Funds that operated as restricted funds under the auspices of Prism between 1 July 2023 and 30 June 2024 can be found in note 17 to the accounts. During this period, a total of £20,826,555 was raised via the Collective Funds. As detailed in the summary of their activities, these funds support a diverse range of initiatives, from humanitarian efforts focused on the current refugee crisis in Europe, to providing assistance to overseas charities, as well as fundraising in memory of family members.

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 ten impact areas:

Humanitarian Aid

Throughout the year, Prism granted a total of £193,109 to the US-registered charity Ukrainian Action. Founded in March 2022 in response to Russia's invasion of Ukraine, this volunteer-run organisation is dedicated to supporting Ukraine’s survival and recovery. Prism’s Collective Fund model provided a British fundraising channel for Ukrainian Action incubating their activities while the organisation’s founders finalised the registration and setup of the UK charity, successfully launched in early 2024. Prism’s grants were specifically allocated for purchasing vehicles and aid supplies, which were transported in convoys to assist communities impacted by the conflict. The funding supported the purchase of over 50 convoy vehicles, enabling Ukrainian Action’s volunteers to deliver aid on the ground in close collaboration with a reliable network of local aid agencies and nonprofit organisations.

End Poverty and Hunger

In December 2023 and April 2024, Prism granted a total of £297,709 to the US-registered organisation The Life You Can Save (TLYCS). Founded by philosopher Peter Singer in 2009, TLYCS is a nonprofit dedicated to reducing extreme poverty and suffering, encouraging individuals to maximise their resources for societal impact. The organisation provides research and guidance to facilitate impactful

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

donations to rigorously vetted charities working in areas such as global health, economic empowerment, education, and nutrition. Prism’s funding has supported some of TLYCS’s key partners operating in the Global South. These include, Educate Girls, a TLYCS-supported charity, works to ensure equitable access to education for girls in India, with a focus on rural communities. Another partner, the Fistula Foundation, is a global leader in treating obstetric fistula -a severe childbirth injury that causes incontinence- by funding surgeries, training surgeons, providing medical equipment, conducting community outreach, and supporting women’s reintegration after treatment. Additionally, Village Enterprise, another TLYCS-supported organisation, works to lift individuals in Africa out of extreme poverty through a four-part programme that includes entrepreneurship training, cash grants, business mentoring, and the formation of savings groups.

Between November 2023 and May 2024, Prism awarded £218,810 to the CSJ Foundation, a UK-based nonprofit dedicated to promoting the vital role of frontline charities, amplifying their voices, and enhancing their impact. Established in 2021 after many small UK charities closed due to COVID-19, the CSJ Foundation is an initiative of the Centre for Social Justice, a think tank focused on placing social justice at the heart of British society. Prism’s grants, restricted to covering staff salaries, have enabled the Foundation to strengthen its support for grassroots charities across the UK. This includes directing critical philanthropic funding to small charities and raising their profiles through the annual CSJ Awards programme, which recognises exceptional grassroots charities and social enterprises working to combat poverty in Britain. The initiative highlights the CSJ Foundation's commitment to advocating for disadvantaged communities and addressing the root causes of poverty across the UK.

Good Health and Well-Being

Throughout the year, Prism granted a total of £222,500 to Jamie’s Farm, a UK-registered charity dedicated to helping young people thrive through its unique blend of Farming, Family, Therapy, and Legacy. Jamie’s Farm offers a preventative programme that supports young people at risk of exclusion or facing social and emotional challenges, providing them with the opportunity to change course and chart a new path. The charity’s programme focuses on improving behaviour, engagement, well-being, and essential life skills, creating a safe and nurturing environment for its beneficiaries. Prism’s core funding has contributed to the ongoing operation of Jamie’s Farm programmes across four working farms in the UK. Additionally, Prism funded the purchase and development of Lower Shockerwick Farm, enabling the expansion of activities to reach an additional 450 disadvantaged young people. The charity has reported that after visiting Jamie’s Farm, young people show statistically significant and meaningful improvements in behaviour, engagement, self-esteem, and mental well-being. Since 2007, Jamie’s Farm has supported a total of 16,000 young people.

Education

In April 2024, The Lira Winston Fellowship collective fund operating under Prism, made a grant of £412,232 to the charity Partnership for Jewish Schools Limited (PaJeS). PaJeS is a UK registered charity specialising in supporting Jewish schools in the UK by providing strategy advice, professional training, and leadership development for school staff, families, and pupils. The Lira Winston Fellowship was launched last year in memory of Lira Winston who devoted much of her career to supporting Jewish education and leadership within schools. The fellowship will continue this legacy by offering fellows advanced leadership training through seminars, overseas networking, and

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

mentoring from current Jewish education leaders on curricula. The first cohort of 14 teachers has now been chosen from across the UK and the course will last 18 months. With the donation via Prism, the fellowships can be funded for three cohorts for approximately four years.

In November 2023 and March 2024, Prism awarded £251,000 in two grants to Room to Read Limited, a charity dedicated to advancing educational equality worldwide through library development and book distribution in under-resourced communities. Room to Read UK Limited is the UK regional branch of the global nonprofit organisation Room to Read, founded in 2000 in the USA with the belief that world change starts with educated children. Prism’s unrestricted funding supported Room to Read’s mission to eliminate illiteracy and gender inequality by fostering literacy skills and a love of reading among children in historically low-income regions. Last year, the organisation exceeded its goal, positively impacting over 6.8 million children through its global network. Additionally, Room to Read launched She Creates Change, a multimedia initiative featuring animated and live-action films, books, and audio stories that highlight six young women from the organisation’s Girls’ Education Programme. These stories celebrate the resilience of young women who have overcome significant challenges to build better lives for themselves. As part of its ongoing commitment to empowering young women, Room to Read also introduced a climate justice initiative in the latter half of 2023. This programme, offered as an after-school, voluntary club, engaged students at 12 schools in Nepal and two schools in Vietnam, focusing on climate justice education and action.

Gender Equality and Human Rights

In July 2023, Prism granted £50,000 to the London-based charity Sister Systems as part of the Collective Fund Impact 100 London’s three-year commitment, totalling £130,000. Sister Systems empowers care-affected girls and young women (aged 13-24), providing them with opportunities to bridge gaps through user-centred programmes. Its initiatives offer early intervention, equipping participants with internationally recognised qualifications and a supportive community to improve life prospects and foster confident growth into adulthood. Prism’s unrestricted donation helped expand the charity’s impact and advance its mission. Centred on well-being and education, Sister Systems takes a holistic approach, empowering beneficiaries to value themselves and build lasting relationships across personal, educational, and professional spheres. The charity’s work is grounded in social pedagogy, a relationship-based approach to working with young people. Over the past year, Sister Systems has supported 97 young women through nine programme deliveries. During this time, the charity focused on building a strategic and operational foundation, including updating its core programmatic model, enhancing support for girls, mentors, and staff, and developing plans to update its internal systems.

Environment and Animal Welfare

In May and June 2024 Prism made two grants totalling £825,000 to 71Blue, a newly registered UK charity. The new charity was created by the founders of the collective fund Once A Year Global Ocean. Both the restricted fund, and now the charity 71Blue, aim to protect and conserve the global ocean, with a special focus on empowering and leveraging local communities through education, collaboration, funding and innovation. By providing its fiscal and governance infrastructure and expertise, Prism’s collective fund model acted as an incubator while the founders of the organisation were finalising the set-up arrangements for the charity, which was successfully launched in 2024. The two donations from Prism were used for various activities related to the launch of 71Blue’s charitable

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

operations, including essential digital set up, resourcing the implementation of their fundraising strategy as well as providing the balance needed for future grant making.

In November 2023, Prism granted £100,000 to the World Land Trust (WLT), an international environmental conservation charity dedicated to protecting some of the world’s most biologically significant and threatened habitats. Working through a network of partner organisations worldwide, WLT funds the creation of reserves and provides permanent protection for both habitats and wildlife. These partnerships are built with well-established, respected local organisations that foster support and commitment within their communities. Prism’s donation supported WLT’s Forests of Mist project in Colombia, specifically aimed at expanding and restoring the Guanacas Bosques de Niebla reserve. This funding will enable the charity’s two-phase project to progress over the next five years, purchasing 181 hectares to expand the reserve in several directions. Additionally, it will support the restoration of 100 hectares of degraded forest within the reserve through the planting of 36,650 trees and allow for the hiring of four additional rangers to protect the area. WLT will also use Prism’s funds to develop ecotourism initiatives and improve visitor accommodation, generating long-term income for the surrounding communities.

Justice and Community Development

In January 2024, Prism awarded £589,938 to the Centre for Global Development Europe (CGD Europe). Established in October 2011 as a branch of the Centre for Global Development (CGD), CGD Europe was created to deepen engagement with the European development community, bringing CGD’s evidence-based, high-quality research and policy engagement to European decision-making. CGD Europe conducts rigorous empirical research and analysis on development issues, focusing on how the policies and practices of wealthy and powerful nations impact the world’s poorest and most vulnerable populations. Prism’s grant was restricted to research focused on eliminating violence in schools, specifically examining the necessary steps to completely eradicate such violence. The project involves building a robust evidence base, collecting data, and evaluating the effectiveness of existing interventions to gain a deeper understanding of the issue and identify impactful solutions. CGD Europe aims to drive structural changes that will ultimately safeguard millions of children worldwide, ensuring they can attend school free from the fear of violence.

During the year, Prism granted £53,800 to Urban Community Projects, a UK-registered charity founded in January 2013 and based in Camden, London. The charity’s mission is to empower local people to collaboratively address issues such as employment, training, food poverty, and youth services, breaking down barriers faced by low-income communities. Prism’s funding supported school children and families across Camden and Somers Town who are on low incomes. The donation primarily went towards providing food for student lunches and family meal boxes, benefiting 98 children and 85 families with healthy, nutritious ingredients to ease the financial burden on families who may not qualify for free school meals. Last year, Urban Community Projects supported 3,112 people across Camden, with 88% living in areas among London’s most deprived. In total, 2,889 people received nutritious food, 197 children participated in youth projects, and 88 individuals secured paid employment through the charity’s vital support.

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

Sustainable and peaceful economic growth

Between February and May 2024, Prism awarded a total of £42,000 to the South African nonprofit, The Sustainability Institute. Based in Lynedoch, South Africa, the Institute is committed to transformative education and social innovation, aiming to create fair and sustainable futures for its young beneficiaries. Through youth programmes, community-based learning, and research, the organisation addresses critical environmental and social challenges, fostering a collaborative approach to sustainability across Africa in partnership with local communities. Most of Prism’s funding supported leadership and strategic oversight to achieve the institute’s core programmatic objectives and provide essential operational support. A portion of the grants also contributed to building a Healing Hub and Safety Hostel, offering a secure and supportive environment for farmworkers’ children, disadvantaged individuals, and unemployed youth in the Lynedoch Valley. This facility is designed to provide stability and a sense of safety for individuals facing challenging family situations, academic pressures, or other vulnerabilities, with a view to strengthening community resilience.

Art and Cultural Heritage

In January 2024, Prism awarded The Roundhouse Trust a total of £83,500 through two unrestricted donations. Established in 1998, The Roundhouse Trust is a London-based charity dedicated to nurturing the creative potential of young people across the UK. Each year, the charity’s youth programme supports 7,500 individuals aged 11-30, providing opportunities to participate in creative projects and access affordable studio space to develop skills and gain exposure in the creative industries. In 2021, The Roundhouse Trust introduced a five-year business plan aimed at expanding its creative offerings, increasing engagement and inclusion, and extending its reach to support over 15,000 young people by 2026. One of the Trust’s notable programmes is the Self Made event series, which shares stories and advice from prominent creative industry figures. Additionally, the Roundhouse Trust’s Accelerator programme supports young creatives through 14 weeks of workshops, mentoring, and peer-to-peer learning. In 2023, eight ventures participated in the Accelerator programme, winning over £10,000 in cash and pro bono prizes to help boost their businesses.

Religion

In December 2023, Prism granted £148,532 to the international charitable organisation Bhakti Marga to support the construction of a new ashram in Mauritius. An ashram serves as a place for retreat and spiritual learning, offering a tranquil environment for those seeking inner peace, self-discovery, and enlightenment. Founded in 2005, Bhakti Marga is a global movement committed to enhancing humanity through spiritual devotion. Its mission focuses on helping individuals discover a relationship with God through practices such as yoga, prayer, and promoting both mental and physical well-being. The project includes plans for an ashram and an Ayurvedic Centre that will accommodate up to 500 people, featuring a temple, meditation spaces, yoga studios, conference rooms, and healing facilities. Bhakti Marga has collaborated with local designers, architects, and builders to create a sustainable model that connects the remote site to nearby communities, aiming to boost the local economy. Prism’s grant covers over 50% of the project’s costs, thus playing a critical role in the development of this cultural site. So far, the donation has funded an upgrade of 887 meters of road to improve accessibility to the ashram, with this initial phase costing approximately £56,500. The remaining

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

funds will support the final construction phases of the ashram, with completion targeted for August 2025.

PRINCIPAL RISKS

Prism maintains a comprehensive, up-to-date risk register -a risk management tool that consolidates all identified risks and includes key details for each risk, such as the nature of the risk, monitoring procedures, and measures for prevention, mitigation, and control. This tool supports Prism’s trustees in identifying and assessing risks, determining necessary mitigation actions, and serving as a monitoring and evaluation mechanism. Prism’s Head of Compliance maintains and monitors the risk register, on a regular basis, alongside the Charity’s trustees and senior management team, to ensure ongoing risk management.

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 –		 - Possible political and regulatory
changes leading to significant
impact in operations		 - Monitoring impact on charitable
activity

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political (e.g.
global wars)		 - Challenges to keep up with
increasing workload and growth		 - 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 2023-2024. However, we are cognisant of the continuing challenges raised by the Cost of Living Crises to the charitable sector and to donors as well as changes to the political landscape, and so it remains unclear as to the year ahead in terms of donation income. The Head of Finance is 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 support Prism’s future growth and strategic development. Additionally, new team members are being recruited across the relationship management and compliance teams.

The continued high level of donations received by Prism has led the Charity to increase its investments, aiming to achieve a greater return on its funds and, therefore, increase the amount available for distribution to other charities over time. 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.

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 portion of Prism’s income comes from its Collective Fund model, with some donations received through Just Giving, a reliable online charity fundraising platform, or other similar donation platforms. A number of Collective Funds also raise funds either by making applications to grant making trusts or by running fundraising events. In these cases, Prism would receive donations from charitable foundations in the UK or abroad as well as a number of individual/major donors or corporate donors.

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 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 appropriately supervised while carrying out fundraising activities 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. To further protect donor data and ensure legal compliance, Prism has a privacy policy in place shared with and applied to all its Collective Funds.

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In accordance with this policy, Collective funds do not share donor data with other charities or external organisations.

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, who are employed by Prism Administration Limited. The latter have an agreement with Prism the Gift Fund on the running of the charity. 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 and revise its
internal management
structure to holdgreater

15

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

oversight of internal team
management and structures.
A new HR consultant has also
been recruited.
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

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

the grantee entities and also
by asking for regular and
detailed reporting, explaining
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 2024 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 2023
Net surplus for the year
Total Funds at 30 June 2024		 2024
2023
£
£
3,193,754
2,724,063
90,890,498
112,533,346
94,084,252
115,257,409
(69,363,208)
(68,723,603)
(1,440,000)
-
19,754,417
8,017,478
43,035,461
54,551,284
289,788,560
235,237,276
43,035,461
54,551,284
332,824,021
289,788,560

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.

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

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.

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, the corporate Trustee being Prism the Gift Fund. Any assets sitting in this trust are held on trust, rather than as corporate property of 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.

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

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.

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, 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 key personnel who oversee the operation of Prism the Gift Fund, 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 £1,653,666 (2023: £1,390,587) unrestricted reserves that includes £1,293,666 (2023: £532,161) cash (free reserves) and £360,000 (2023: £792,000) property asset to cover 12 month’s fixed operation costs.

As at the year end, the Charity holds £1,653,666 (2023: £1,390,587) 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.

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

Unrestricted funds are regularly reviewed internally by the trustees, as disclosed in the trustees' report to ensure they remain adequate.

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.

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

INVESTMENT POLICY

1. Introduction

2. Investment Objectives

3. Risk

3.1 Attitude to Risk

22

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

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.

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

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

30 Rathbone Investment Management - 8 Finsbury Circus, London EC2M7AZ, UK
31 Ruffer LLP - 31 Charlotte Square, Edinburgh, EH2 4ET
32 Schroder Investment Management - 1 London Wall Place, London EC2Y 5AU
33 Scott Capital Partners LLP - 24 St James Square, London, SW1Y 4JH
34 Standard Life (Capital Asset Management) - One College Hill, London, EC4R 2RA, UK
35 State of Israel Bonds - Computershare, PO Box 7067, 31 Adelaide St, ON M5C 3G3, Ontario,
Canada
36 Stonehage Fleming Wealth Planning - 15 Suffolk Street, London, SW1Y 4HG, UK
37 Theleme Partners - 15 Davies St, London, W1K 3AG
38 Thesis Unit Trust Management Ltd - PO BOX 3733, Wootton Bassett, Swindon, SN4 4BG
39 Tresidor Investment Management - 55 New Bond Street, London, W1S 1DG
40 Tribe Impact Capital - One Carter Lane, London EC4V 5AN, UK
41 UK Agricultural Finance - 42-44 Avenue de la Gare, L-1610, Luxembourg
42 Vanguard UK - 4th Floor, The Walbrook Building, 25 Walbrook, London, EC4N 8AF
43 Walker Crips Investment Management - Old Change House, 128 Queen Victoria Street,
London,EC4 4BJ,UK
44 Waverton Investment Management - 16 Babmaes Street, London, SW1Y 6AH, UK
45 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:

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

material departures disclosed and explained in the financial statements;

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.

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 HaysMac LLP as their auditors during the year.

In November 2024 Haysmacintyre LLP changed their registered name to HaysMac LLP.

By order of the Board

Charles Bueno de Mesquita

Charles Mesquita Trustee DATE: 14 March 2025

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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 2024 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.

28

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.

29

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 beeiees

Richard Weaver (Senior Statutory Auditor) For and on behalf of HaysMac LLP, Statutory Auditor

10 Queen Street Place London EC4R 1AG

Date: 18 March 2025

30

PRISM THE GIFT FUND

Charity Registration number 1099682 Company Registration number 04677253

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 June 2024

Note
Income from
Donations
1
Other income
2
Investments
2
Total
Expenditure on
Cost of generating funds
Charitable activities
3
Total
Net surplus for the year
Net (loss) on revaluation of
investment property
Net gain/(loss) on
revaluation of investments
Net Movement in Funds
Total Funds brought
forward at 1 July 2023
Total Funds carried forward
at 30 June 2024		 Unrestricted
Restricted
Funds
Funds
Total 2024
Total 2023
£
£
£
£
-
85,289,547
85,289,547 110,328,454
2,266,075
226,825
2,492,900
2,121,877
927,679 5,374,126 6,301,805
2,807,078
3,193,754 90,890,498 94,084,252 115,257,409
-
754,104 754,104
669,683
2,498,675 66,110,429 68,609,104
68,053,920
2,498,675
66,864,533
69,363,208
68,723,603
695,079
24,025,965
24,721,044
46,533,806
(432,000)
(1,008,000)
(1,440,000)
-
-
19,754,417
19,754,417
8,017,478
263,079 42,772,382
43,035,461
54,551,284
1,390,587
288,397,973
289,788,560 235,237,276
1,653,666
331,170,355
332,824,021 289,788,560

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 34 - 67 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 2024

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
Creditors: amounts falling due after one year
7
NET ASSETS
Unrestricted funds
8
Restricted funds
8
TOTAL FUNDS		 2024
2023
£ £
1,200,000
2,640,000
270,436,463 206,418,424
271,636,463 209,058,424
2,255,591
3,702,621
60,494,313
78,566,650
62,749,904
82,269,271
(362,346)
(339,135)
62,387,558
81,930,136
(1,200,000)
(1,200,000)
332,824,021 289,788,560
1,653,666
1,390,587
331,170,355 288,397,973
332,824,021 289,788,560

The financial statements were approved by the Board on 14 March 2025 and signed on its behalf by:

Charles Bueno 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 2024

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/(decrease) in cash at bank
Cash at start of the year
Cash at the end of the year		 2024
2023
£
£
43,035,461
54,551,285
(34,284,872)
(22,199,105)
1,440,000
-
(19,754,417)
(8,017,478)
1,447,030
(1,847,713)
23,214
330,513
(8,093,584)
22,817,502
(92,930,369)
(45,403,833)
82,951,616
43,802,320
(9,978,753)
(1,601,513)
(18,072,337)
21,215,989
78,566,650
57,350,661
60,494,313
78,566,650

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

33

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

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 June 2024

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.

34

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

Notes to the Accounts for the year ended 30 June 2024 (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.

35

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

Notes to the Accounts for the year ended 30 June 2024 (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.

36

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

Notes to the Accounts for the year ended 30 June 2024 (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.

1. INCOME FROM DONATIONS

Individuals’ donation income
Collectives’ donation income
Total		 2024
2023
£
£
64,462,992
81,231,102
20,826,555
29,097,352
85,289,547
110,328,454

The donation income is split between a donation of cash of £51,004,678 (2023: £88,129,350) and a donation of assets of £34,284,869 (2023: £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.

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

2024 2023
£ £
Disaster Relief and Humanitarian Aid 9,246,418 19,363,716
Povertyand Hunger 550,681 728,620
Health and Well Being 3,955,296 3,925,187
Education 5,616,916 2,206,970
Equalityand Human Rights 1,898,775 822,279
Religion 1,860,691 571,543
Arts & Culture 343,285 14,992,009
Economic Growth 380,659 762,903
Justice and CommunityDevelopment 873,917 927,077
Environment and Animal Welfare 1,165,937 1,591,454
General Charitable Purposes 59,396,972 64,436,696
TOTAL 85,289,547 110,328,454

37

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

Donation Income received split by Impact Area:

2. OTHER INCOME AND INCOME FROM INVESTMENTS

Investment Income

2024 2023
£ £
Interest and dividend receivable 6,301,805 2,807,078
Total 6,301,805 2,807,078

Other Income

Other Income
2024 2023
£ £
Other Income 410,829 347,266
Prism Admin Fees 2,082,071 1,774,611
Total 2,492,900 2,121,877

38

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

3. CHARITABLE EXPENDITURE

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

2024 2023
£ £
Disaster Relief and Humanitarian Aid 18,234,502 13,915,431
Povertyand Hunger 1,251,893 1,410,904
Health and Well Being 11,299,796 7,718,306
Education 12,797,755 10,613,013
Equalityand Human Rights 3,426,797 3,228,768
Religion 3,687,724 3,729,182
Arts & Culture 9,151,885 12,907,754
Economic Growth 1,050,774 841,884
Justice and CommunityDevelopment 2,211,610 6,898,360
Environment and Animal Welfare 2,357,720 2,876,885
General Charitable Purposes 639,973 1,767,384
TOTAL 66,110,429 65,907,871

Charitable Expenditure split by Impact Area:

39

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

Direct charitable expenditure – Other Costs

Management and administration costs
Governance costs
Total		 2024
£
2023
£
2,082,071
1,774,611
416,604
371,438
2,498,675
2,146,049

Governance costs are fees of £33,600 (2023: £32,000) 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		 2024
£
2023
£
33,600
32,000
7,500
15,765
41,100
47,765

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

5. FIXED ASSETS

Fixed asset property investment
Fair value at 01 July 2023
Fair value movement
Fair value at 30 June 2024		 Unrestricted
Restricted
Total
£
£
£
792,000
1,848,000
2,640,000
(432,000)
(1,008,000)
(1,440,000)
360,000
840,000
1,200,000

The charitable company purchased a property in April 2012.

As at the year end, 30 June 2024, the property was valued by Avison Young in accordance with the current RICS Valuation Global Standards, effective from 31 January 2024, 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 2024, the Trustees are of the opinion that this option will be exercised upon disposal, given

40

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

Notes to the Accounts for the year ended 30 June 2024 (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 2023
Gift of assets
Purchases in the year
Sales in the year
Fair value movement
Fair value at 30 June 2024		 Total
£
206,418,424
34,284,869
92,930,369
(82,951,616)
19,754,417
270,436,463

The value of the holdings has been disclosed at their fair value on 30 June 2024.

Included in investments held at the balance sheet date was:

Bonds
Equities
Hedge Funds
Mixed Portfolio
Total		 2024
2023
£
£
18,154,011
13,856,572
14,367,848
10,966,674
115,853,899
88,428,827
122,060,705
93,166,351
270,436,463
206,418,424

6. DEBTORS

Trade receivables
VAT repayment due
Social Impact Loan
Other debtor - Gift Aid
Total		 2024
2023
£
£
-
85,800
51,164
66,426
1,330,930
796,258
873,497
2,754,137
2,255,591
3,702,621

41

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

Notes to the Accounts for the year ended 30 June 2024 (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:

East Lancashire Moneyline (IPS) Limited, known as Moneyline, is a not-for-profit organisation providing access to credit for the lowest-income households in the UK. Moneyline has partnered with RefuAid to provide loan provision and administration services. All contracts with RefuAid’s beneficiaries include clear repayment terms and loan payment arrangements. Beneficiaries repay their loans directly to Moneyline, which then returns the funds to Prism so the original funders can be repaid. However, some funders may choose not to be repaid and instead opt to recycle their loan back into the scheme. In this case, Moneyline retains the funds and lends them again to new beneficiaries of the RefuAid loan programme.

7. LIABILITIES DUE WITHIN ONE YEAR

Social Impact Loan
Accruals
Other creditors
LIABILITIES DUE IN MORE THAN ONE YEAR
Social Impact Loan		 2024
2023
£
£
275,000
275,000
41,350
32,000
45,996
32,135
362,346
339,135
2024
2023
£
£
1,200,000
1,200,000

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

42

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

8. FUNDS

Balance at 01 July 2023
Net movement in funds
Balance at 30 June 2024
Represented by fixed assets
Cash at bank
Other net assets / (liabilities)
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 2024
Total 2023
£
£
£
£
1,390,587
288,397,973
289,788,560
235,237,276
263,079
42,772,382
43,035,461
54,551,285
1,653,666
331,170,355
332,824,021
289,788,561
360,000
271,276,463
271,636,463
209,058,424
1,293,666
59,200,648
60,494,314
78,566,650
-
693,244
693,244
2,163,487
1,653,666
331,170,355
332,824,021
289,788,560
Unrestricted
funds
Restricted
funds
Total 2023
Total 2022
£
£
£
£
812,573
234,424,703
235,237,276
188,107,766
578,014
53,973,270
54,551,284
47,129,510
1,390,587
288,397,973
289,788,560
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
2,097,060
2,163,486
646,287
1,390,587
288,397,973
289,788,560
235,237,276

43

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

Balance at 01 July
2022
Income
Expenditure
Net gains on
investments
Balance at 30
June 2023
Income
Expenditure
Net loss on
investment
property
Net gains on
Investments
Balance at 30
June 2024		 DAF
Collective
Total
restricted
funds
Unrestricted
funds
Total
£
£
£
£
£
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
69,837,117
21,053,381
90,890,498
3,193,754
94,084,252
(39,581,539) (27,282,994)
(66,864,533)
(2,498,675)
(69,363,208)
(761,860)
(246,140)
(1,008,000)
(432,000)
(1,440,000)
19,754,417
-
19,754,417
-
19,754,417
318,799,014
12,371,341
331,170,355
1,653,666
332,824,021

44

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

9. OPERATING LEASE COMMITMENTS

At 30 June 2024 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		 2024
2023
£
£
166,475
175,460
263,648
372,744
430,123
548,204

A new 5-year lease was entered into in November 2022. In addition, another 5-year lease was entered into in July 2023 and this lease was transferred out in December 2024.

As lessor:

Land and buildings:
Less than 1 year
2-5 years
Over 5 years		 2024
2023
£
£
141,252
141,252
115,710
141,252
-
115,324
256,962
397,828

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.

45

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

15. RELATED PARTY TRANSACTION

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 2024 fees of £2,082,071 (2023: £1,774,611) 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.

46

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

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 £50,000 and above:

To Amount
71blue £825,000
Aberlour Child Care Trust £68,440
Accumen Fund Inc. £150,000
Action For StammeringChildren £60,000
AmazoniAlerta CIC £100,000
Animals Asia Foundation £100,000
Art Explora £5,458,179
Art Explora UK £937,500
B8 of Hope £68,200
BBYO £53,600
Beit Halochem UK £172,370
Beth Israel Deaconess Medical Center Inc. £78,940
Bhakti Marga(Mauritius) £148,532
Birkbeck College Students' Union £86,000
Birmingham Royal Ballet £60,000
BloomsburyFootball Foundation £60,000
Blue Marine Foundation £125,000
B'nai B'rith Hillel Foundation £107,103
British Friends of the Sheba Medical Centre at Tel Hashomer £107,000
British Friends of United Hatzalah Israel £184,820
British Friends of Zaka - "Chessed Shel Emet" £97,076
Buddhafield Base Ltd £50,000
Cambridgeshire CommunityFoundation £200,000
Camfed International £104,000
Campaign Against Antisemitism £490,482
Cattanach £375,000
Centre For Advanced Rabbinics £150,000
Centre For Women's Justice £50,000
CGD Europe £589,938
Chai-Lifeline Cancer Care £61,208
Chazak Limited £60,000
Choose Love CIO £1,689,256

47

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

CityHarvest £75,000
Climateforce Limited £66,823
CommunitySecurityTrust £432,400
Conservation Collective £446,400
Cornwall CommunityFoundation £50,000
Crisis UK £81,300
Csilla von Boeselager StiftungOsteuropahilfe e.V. £153,752
Cystic Fibrosis Trust £50,000
Disasters EmergencyCommittee £200,000
Disrupt Foundation £1,864,360
DoorstepLibraryNetwork £50,000
Fondation Marguerite et Aime Maeght £238,000
Food for Education Foundation Inc. £173,903
FOXG1 Research Inc £394,758
Fundacion Mezquita De Sevilla £200,000
Funders in Good £50,000
GiveDirectlyInc. £132,225
Global Generation £121,800
Global Impact £81,574
Great Ormond Street Hospital Children's Charity £65,193
Guerrand Hermes Foundation for Peace £50,000
Harmonyin Education £100,000
Hasmonean High School Charitable Trust £377,000
HealthyLearners £123,616
Himalayan Cataract Project £210,858
Home-Start UK £60,000
Hurricane(Prism the Gift Fund) £709,212
Impande Yotshani NPC £55,500
Imperial Health Charity £62,500
INTOUNI(Into University) £104,350
Israel Museum £78,750
Jamie's Farm £222,500
Jewish Care £253,579
Jewish Futures Trust Limited £110,000
JLE £584,200
Jnetics £60,000
Keble College in the Universityof Oxford £160,000
Keren Shituf Tormim DAF IL £165,000
Keysoe Cuddle TherapyCentre CIC £580,783

48

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

King's College London £103,750
Leket UK £151,450
Little Village £141,801
London CyclingCampaign £100,000
Lwala CommunityAlliance £158,948
Magen David Adom UK £162,760
Maggie Keswick Jencks Cancer CaringCentres Trust £150,000
Magic Breakfast £249,350
Make MyMoneyMatter Limited £132,164
Medecins Sans Frontieres(UK) £71,000
Mental Health Innovations £50,000
Midlothian Sure Start £98,448
Mizrachi(UK)Israel Support Trust £235,000
Mothers2mothers(UK)Limited £100,000
Muslim Youth Helpline £50,000
National Zakat Foundation(NZF) £664,200
NESTA £442,000
New Israel Fund £103,780
One Parent Families Scotland £60,000
One to One Children's Fund £65,000
Order of Malta Relief Organisation in Romania £83,218
Partnershipfor Jewish Schools Limited £529,622
Place2Be £132,200
PolicyExchange Limited £80,000
Prism the Gift Fund £189,223
Pro Bono Economics £262,500
Project S.E.E.D. Limited £76,216
Rainbow Trust Children’s Charity £50,200
Ram Katha Event Production Limited £1,255,947
Rashi Foundation £124,069
Refugee Trauma Initiative Hellas £98,746
Richard Cobden PrimarySchool £63,067
Room to Read UK Limited £251,000
Safe Families for Children £72,500
Seawilding £56,550
Shaukat Khanum Memorial Trust £50,000
Shri Ram Janmbhoomi Teerth Kshetra £138,912
Sister Systems £50,000
Southbank Centre £65,000

49

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

Spark Microgrants £58,948
St Antony's College In The UniversityOf Oxford £250,000
Stiftelsen WRLD Foundation £85,348
Surfers Against Sewage £50,000
Swedish Institute(SI) £135,943
Technion - Israel Institute of Technology £239,805
TejKohli & Ruit Foundation(Nepal) £275,743
Tessa Jowell Brain Cancer Mission CIC £155,500
The Amber Foundation £50,000
The Baytree Centre £50,000
The Breteau Foundation £821,224
The Centre for Social Justice £72,000
The Cityof London School Charitable Trust £1,262,000
The Clocktower Foundation £50,000
The ContemporaryArt Society £68,000
The CSJ Foundation £218,810
The Death PenaltyProject Charitable Trust £50,001
The Degrees Initiative £187,429
The Fore £165,817
The Genesis Charitable Trust £101,168
The GoverningCouncil Of The UniversityOf Toronto £67,132
The Graham Layton Trust £50,000
The Hall School Charitable Trust £200,000
The HappyBabyCommunity £50,000
The International Institute for Strategic Studies £100,000
The Israel Center on Addiction £62,568
The Jerusalem Foundation £117,750
The Jewish Association for Mental Illness £77,700
The Kids Network £67,920
The Landworkers' Alliance £78,000
The Life You Can Save £297,709
The London School of Economics and Political Science £822,742
The Lotus Flower £74,342
The National GalleryTrust £1,015,000
The National Libraryof Israel Ltd. £783,147
The Peek Vision Foundation £175,000
The Roundhouse Trust £83,500
The Royal Academyof Arts £76,950
The Royal DrawingSchool £50,000

50

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

The Scott-Morgan Foundation £50,000
The Shift Project £85,465
The Sutton Trust £100,000
The Weizmann Institute Foundation £200,000
Tikva UK £163,400
Travalyst Limited £110,512
Trevi Women Ltd £260,000
UCL Development Fund £58,000
Ukrainian Action £193,109
United Jewish Israel Appeal £80,700
United Kingdom for UNHCR £100,002
United World Schools £450,000
UniversityCollege London £50,000
UniversityJewish Chaplaincy £55,250
Universityof Cambridge £113,000
Universityof Haifa £199,259
Universityof Oxford £173,680
Universityof St Andrews £50,000
UP - UnlockingPotential £285,000
UpReach Charitable Company £50,000
Urban CommunityProjects £53,800
Veasu Mikdash Yerushalaim £59,510
We Imagine If Ltd £298,275
Wellingborough School £344,544
World Food Programme £72,471
World Jewish Relief £90,400
World Land Trust £100,000
Zaytuna College £120,000

51

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

17. COLLECTIVE FUNDS

Below is a selection of our Collective Funds, showcasing their main activities. This provides an overview of the diverse initiatives Prism supports.

Fund Name Description
2030 Sustainable
Development Collective
Fund		 Raising funds for a range of charitable organisations globally in
support of the 2030 United Nations Sustainable Development
Goals.
2BCured UK Charitable Fund Set up to support scientific research organisations to find
treatments to alleviate the effects of the GRIN2B Disorder and
ultimatelya cure.
Act For Cancer Foundation 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.
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.
Aluma Fund Raising funds in support of a range of charitable organisations
based in Israel, in order to protect and bolster the values and
equalityand freedom in Israel.
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
forgeneral charitablepurposes.
Ariel Sopher Collective Fund Raising funds for charities in support of the Jewish community.
Be More Laura Foundation A memorial account raising funds for a range of charities
focused on supporting brain cancer research in memory of
Laura Nuttall,daughter of Mark and Nicola Nuttall.
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 and
psychosocial 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.

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

Counterhate UK Charitable
Fund		 Raising funds for the UK non-profit entity Center for
Countering Digital Hate Ltd, whose mission is to protect human
rights and civil liberties online for thepublic benefit.
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
forpeople livingwith 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.
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.
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.
GiveWell UK Collective Fund Raising funds for GiveWell UK and USA in support of their
beneficiaries.
Grace O'Malley Kumar
Foundation		 A memorial account raising funds in support of sports, welfare
and education charities in the UK in memory of Grace O’Malley
Kumar.
Harry Kane Foundation Supporting charitable organisations and programmes which
promote good health and wellbeing, with a long-term goal to
helptransform ageneration’s thinkingabout mental health.
Impact 100 London A donor collective that gives charitable grants to London-based
organisations workingto benefit women andgirls.
Impande UK Charitable Fund Raising funds for the South African charity Impande whose
work is focused on improving access to and quality of
community driven Early Childhood Development programmes
in South Africa.
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

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

manifestations of global antisemitism and of other forms of
prejudice.
Kabuki Syndrome
Foundation Family and
Friends		 Raising funds to support programmes providing high-quality
care to children with Kabuki Syndrome.
KBF UK Philanthropic Fund A grant-making fund set up to raise funds for the King Baudouin
Foundation as part of its donor initiatives in the UK - in support
of various charitablepurposes in line with UK charitylaw.
Know No Sorrow UK Fund A grant-making fund set up to provide holistic care and support
for orphans in Israel, especially for the needs of children under
the age of 25 who became instant orphans as a direct result of
the October 7th terrorist attack in Israel.
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-being of
these communities.
Lynedoch Village Fundraising to support the Sustainability Institute in South
Africa,focused on education and communityliving.
Ned's Fund Supporting young people in need by funding UK charities that
offer opportunities outside the boundaries of traditional
education.
New Producers Collective
Fund		 Set up as an interim charitable structure to support New
Producers For Sustainable Energy, a newly established UK
charity that seeks to advance education and to undertake,
commission, develop and disseminate research for the public
benefit including without limitation the effective identification,
development, governance, management, distribution and use
of energy and energy sources, where practicable in a manner
which also conserves and protects the environment and
promotes sustainable development and efficient public
administration.
Once a Year Raising funds for a range of environmental and marine
protectionprogrammes in the Mediterranean Sea.
OnePlate UK Foundation Raising funds for the Australian non-profit entity OnePlate
which supports organisations, who nourish and enrich the lives
of children ingreat need,in developingcountries.
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.
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.

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

Distributing free books to children and families in order to educate them on Jewish religion and Jewish culture.

PJ Library in the UK educate them on Jewish religion and Jewish culture. Providing legal and strategic support for social enterprises and Prime Advocates Foundation charities. Supporting access to language tuition, education, finance and RefuAid meaningful employment for refugees in the UK. Providing non-clinical mental health support to asylum seekers and refugees in Europe (and with programmes operated by AMNA Charitable Fund partner organisations globally), working to address the longterm effects of trauma, as well as to train community-based organisations to deliver their programmes. Supporting programmes that aim to provide a safe space where Refugee Youth Service young adults are able to seek the emotional and material support they need, in Europe. Supporting a non-profit organisation's, School Online Mission SchoolOnline Mission Limited, charitable work to provide access to all students to the Charitable Fund highest quality levels of tuition in order to help close the educational attainment gap. A UK based group, whose mission is to advance education around the harms of smartphones and social media for Smartphone Free Childhood children, to empower parents and schools to create change on this matter at a local level, and to carry out associated campaigns as part of advocacy activities. A relief fund established using donations from the senior team Soho Impact Support Fund to support Soho House staff and their dependants, in order to relieve financial hardship. Set up to support the work of rabbi Joseph Dweck as part of the educational programmes and other ambassadorial activities of SRO Foundation the UK charity, the Spanish and Portuguese Synagogue. Founded in memory of Sylvie Nunn, a partner at Wrigleys Sylvie Nunn Trust Solicitors LLP, specialising in charity law, this memorial fund supports general charitable purposes. Working to advance the United Nations Sustainable Development Goal to end poverty in all its forms everywhere Tej Kohli and Ruit by funding high-volume treatment interventions to cure Foundation Collective Fund 500,000 patients of cataract blindness in the developing world by 2030. A fund set up to inspire and accelerate the delivery of Baroness Tessa Jowell Foundation Tessa Jowell's defining legacy on Brain Cancer. Raising funds to support the Breteau Foundation’s charitable activities, including the provision of technology toolkits and The Breteau Collective educational workshops to disadvantaged children and educators worldwide.

Set up to support the work of rabbi Joseph Dweck as part of the educational programmes and other ambassadorial activities of the UK charity, the Spanish and Portuguese Synagogue.

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

The Degrees Collective Fund

The Life You Can Save UK

The Lira Winston Fellowship

The Long Covid Research Initiative

The Lotus Flower

The Make My Money Matter 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 the public benefit.

The UK fundraising arm of the US charity working to provide relief for the poorest people in the world by liaising with and supporting other highly effective charities.

Raising funds in memory of Lira Winston in support of the UK registered charity PaJes, as part of the Lira Winston Fellowship Programme.

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.

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-based programmes.

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 their personal values.

A barristers' giving circle, raising funds to support organisations The Matrix Causes Fund which promote access to justice, equality or sustainability. Raising funds for the Norwegian Sculptors Society in support of the erection of a memorial statue in Oslo, Norway, The Norway Project commemorating the work of Anglo-Norwegian resistance organisations during the Second World War, and its associated activities.

The Norway Project Raising funds for the Norwegian Sculptors Society in support of
the erection of a memorial statue in Oslo, Norway,
commemorating the work of Anglo-Norwegian resistance
organisations during the Second World War, and its associated
activities.
Supporting programmes and organisations related to and/or
The Office Of Displaced impacting: the built environment, protection issues, social
Designers cohesion, cultural understanding and integration of displaced
communities.
The Oliver's Wish Raising funds for charities focused on supporting babies,
Foundation children andyoung people.
The Paavan Popat Holding and promoting a range of fundraising appeals for
Foundation general charitablepurposes.
A donor collective supporting a range of charitable
organisations operating in the county of Oxfordshire and its
The Room vicinity (“Oxfordshire”) for the benefit of women and/or
children, the advancement of education, the protection of good
health both mental and physical and the prevention or relief of
povertyand sickness.
Raising funds in support of projects and organisations working
The Ruth Fund to combat discrimination and coercion against women and
children in Jewish religiousprocesses.

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

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.
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.
True Travel Foundation A grant-making fund set up to provide support to community
projects carried out byorganisationsglobally.
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.
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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

18. GRANTS DISTRIBUTION BY COUNTRY – List of Countries to >£50k distributed

Country Amount
Belgium £56,096
Canada £133,884
Czech Republic £132,074
France £6,184,917
Germany £398,890
Greece £1,106,254
HongKong £596,393
India £178,941
Israel £1,897,116
Italy £84,310
Mauritius £158,532
Moldova £78,699
Morocco £151,477
Nepal £329,233
Poland £858,540
Romania £83,218
South Africa £202,750
Spain £278,807
Sweden £314,345
Switzerland £130,232
The Netherlands £218,907
Turkey £2,528,013
UK £44,828,901
USA £5,301,658

19. INCOME RECEIVED BY COUNTRY – List of Countries from >£50k received

Country Amount
Cayman Islands 130,000
Germany £777,352
Guernsey £80,000
Jersey £54,000
Liechtenstein 183,850
Luxembourg £667,964
Switzerland 3,343,852
The Netherlands 519,186
UK £42,615,016
USA £4,328,791

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

Notes to the Accounts for the year ended 30 June 2024 (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 surplus for the year
Net (loss) on revaluation of
investment property
Net gain/(loss) on revaluation of
investments
Transfer between funds
Net Movement in Funds
Total Funds brought forward at 1 July
2022
Total Funds carried forward at 30
June 2023		 Unrestricted
Restricted
Funds
Funds
Total 2023
£
£
£
-
110,328,454
110,328,454
2,121,877
-
2,121,877
602,186
2,204,892
2,807,078
2,724,063
112,533,346
115,257,409
-
669,683
669,683
2,146,049
65,907,871
68,053,920
2,146,049
66,577,554
68,723,603
578,014
45,955,792
46,533,806
-
-
-
-
8,017,478
8,017,478
-
-
-
578,014
53,973,270
54,551,284
812,573
234,424,703
235,237,276
1,390,587
288,397,973
289,788,560

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

21. COMPARATIVES FOR THE LIST OF GRANTEE ENTITIES THAT RECEIVED GRANTS OF £50,000 AND ABOVE IN FY 2022/23:

To Amount
A New Vision Limited £89,297
Aberlour Child Care Trust £113,189
ACCEPT Association £57,054
AccountabilityLab,Inc £156,056
Action For StammeringChildren £50,000
Adpare £71,947
African Futures Institute £50,000
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
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
Attika Human Support £62,616
Barking& Dagenham Youth Zone £50,344
Beit Halochem UK £173,655
Better Days Greece £88,920
BINAA Organization for Development £104,414
Birmingham Royal Ballet £100,000
Black EquityOrganisation £1,778,923
Blue Marine Foundation £130,000
Bowden Pillars Future Ltd £100,000
British Friends of United Hatzalah Israel £68,696
Campaign Against Antisemitism £61,800
Cancer Research UK £410,000
Caritas Austria £173,240
Cattanach £500,000

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

Caudwell Children £119,600
Centre for Policies and Reforms(CPR Moldova) £62,282
Centre For Advanced Rabbinics £150,000
Centre for Effective Altruism £130,861
Champalimaud Foundation £80,039
CharityEntrepreneurship £160,000
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
Connect byMusic/CBM £60,308
Crisis Management Association CMA £166,382
Crisis UK £65,500
Da'aro Youth Project £70,000
Dalaid £150,000
Disrupt Foundation £3,682,098
Edith Neville PrimarySchool £58,107
Environmental Protection Agency £79,804
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 Towards Dialogue £65,011
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
Global Generation £189,160
Global Health 50/50 £534,700
Grace Labs Limited £75,000
GRIN2B Foundation £50,344
Guerrand Hermes Foundation for Peace £86,000
Guy’s and St Thomas’ Foundation £100,000
Hand in Hand for Aid and Development £844,379

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

Harmonyin Education £50,000
Hasmonean High School Charitable Trust £570,550
Hayata Destek £79,995
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
Hurras Network £298,565
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
JLE £842,250
Katalyst Kitchens £187,022
Kav LaOved - Worker's Hotline £161,181
Keshet £75,000
Little Village £65,500
London CyclingCampaign £60,000
London School of Economics £744,483
Magic Breakfast £125,000
Make MyMoneyMatter Ltd £335,074
Mannerheim League for Child Welfare,Uusimaa District £83,779
March of the Living £65,500
Melissa Network £63,348
Mental Health Innovations £50,000
Midlothian Sure Start £54,525
Migrant Offshore Aid Station(MOAS)- UK £248,936
MIND £84,717
Mission44 £1,455,331
Mizrachi(UK)Israel Support Trust £288,100
National Art Collection Fund £100,000

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

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
Norwood Ravenswood £89,300
Nyanza Reproductive Health Society £83,201
Omnes £66,094
One Parent Families Scotland £60,000
OnSide Youth Zones £51,000
Or Baruch Association £52,341
Oxfordshire CommunityFoundation £75,000
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
Pro Bono Economics £175,000
Project S.E.E.D. Limited £66,300
Rainbow Trust Children’s Charity £55,000
ReFOCUS Media Labs £160,192
Refugee Biriyani & Bananas(RBB) £60,399
Refugee CommunityKitchen £79,790
Resurgo Trust £50,000
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
Safe Families for Children £54,000
Safe Passage £101,771
Samaritans £84,717
SayIt Loud £90,300
Shine: Support and Helpin Education £336,000
Somers Town CommunityAssociation £50,000
St Barnabas Hospices(Sussex)Ltd £51,200

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

Starcatchers £50,000
StichtingDe:Border // migrationjustice collective £79,819
SUDC UK Foundation £50,000
Teach First £200,000
TejKohli and Ruit Foundation(Nepal) £526,805
Tessa Jowell Brain Cancer Mission CIC £162,500
The Breteau Foundation £703,811
The British Academyof Film and Television Arts £90,000
The British Museum Trust £200,000
The BulldogTrust Limited(The Fore) £72,000
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 Jerusalem Foundation £202,341
The Jewish Association for Mental Illness £82,200
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 Oundle School Foundation £63,405
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 Scott-Morgan Foundation £50,000
The Seneca Trust £50,000
The Sutton Trust £130,000
The U-Go Initiative £130,174
The Virgin Foundation £127,160

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

The WarburgCharitable Trust £50,000
The Weizmann Institute Foundation £213,350
ThirtyPercyFoundation £58,199
Transportation Alternatives £62,801
Travalyst Limited £200,000
Trevi Women Ltd £54,000
UK Jewish Film Ltd £58,500
Ukrainian Action £192,715
United Synagogue £50,150
Universityof Oxford £299,351
Universityof St Andrews £50,000
UP - UnlockingPotential £477,500
Velos Youth £125,044
Welight Institute £106,588
Wellingborough School £385,500
World Food Programme £70,223
World Land Trust £62,500
YoungRoots £140,450

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

22. COMPARATIVES FOR GRANTS DISTRIBUTION BY COUNTRY – List of Countries to >£50k distributed in FY 2022/23:

Country Amount
Austria £173,240
Belgium £80,636
Bosnia £59,095
Brazil £160,623
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
Poland £653,620
Portugal £80,039
Romania £344,682
Serbia £127,802
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
USA £1,607,877

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

Notes to the Accounts for the year ended 30 June 2024 (cont.)

23. COMPARATIVES FOR INCOME RECEIVED BY COUNTRY – List of Countries from >£50k received in FY 2022/23:

Country Amount
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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