**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:** 

- Women in Philanthropy reception: with Cherie Blair KC and Anna Josse Founder & CEO of Prism the Gift Fund, chaired by journalist Nicole Lampert and hosted by Norwood, May 2024 

- Navigating Wealth Transfer: Strategies for Success, Panel discussion with Maseco Private Wealth, Prism and Farrer & Co, hosted by Philanthropy Impact, June 2024 

- WealthBriefing Magazine, Anna Josse Founder & CEO of Prism featured as award winner of Outstanding CEO Pursuing Wealth for Good, June 2023 

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

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**<br>**performance**|- Generating sufficient cash flow to<br>meet organisational objectives and<br>minimum cash requirements<br>- Donor/client retention|- Comprehensive financial<br>management procedure<br>- Quarterly review of financial<br>forecasts, cash flow and reserves<br>- Oversight applied by Prism’s<br>Investment Committee<br>- Ongoing review of charitable activity<br>- Quarterlyreview ofpipeline|
|**Staff**|-Inability to recruit and retain staff<br>members with appropriate<br>knowledge or skills, resulting in staff<br>shortages<br>- Loss of key staff or staff changes<br>across the organisation slowing<br>down productivity and development|- Focus on staff recruitment and<br>training practices<br>- Review of interview and assessment<br>process<br>- Ongoing investment of staff<br>development and training<br>- Effective line management support<br>and staff well-being<br>- Successionplanning|
|**Reputation**<br>**&**<br>**Compliance**|- Reputational repercussions as a<br>result of an adverse incident<br>- Negative social media or press<br>coverage<br>- Non-compliance as a result of<br>fraud/misuse of granted funds|- Robust policies, procedures and<br>reporting standards<br>- Clear controls and checks in place to<br>ensure effective oversight of activities<br>- Ongoing staff training<br>- Social media policy and guidelines<br>implemented<br>- Keeping abreast with changes in the<br>guidelines of the Charity Commission<br>- External input/expertise|
|**External**<br>**events:**<br>**economic –**|- Possible political and regulatory<br>changes leading to significant<br>impact in operations|- Monitoring impact on charitable<br>activity|



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

|**political (e.g.**<br>**global wars)**|- Challenges to keep up with<br>increasing workload and growth|- Regular monitoring of financial<br>management accounts<br>- Review of policies and procedures as a<br>result of significant events/changes<br>- Review of internal productivity levels<br>- 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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**PRISM THE GIFT FUND** Charity Registration number 1099682 Company Registration number 04677253 

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: 

- The likely consequences of any decision in the long term; 

- The interests of the company's employees; 

- The need to foster the company's business relationships with suppliers, customers and others; 

- The impact of the company's operations on the community and the environment; 

- The desirability of the company maintaining a reputation for high standards of business conduct; and 

- The need to act fairly as between members of the company. 

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



15 



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

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



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

|||the grantee entities and also<br>by asking for regular and<br>detailed reporting, explaining<br>how the grant funds have<br>been used.|
|---|---|---|
|**Intermediaries**|Intermediaries include all those<br>within the broader financial and legal<br>system who work with prospective<br>donors that Prism can support to<br>facilitate and increase their<br>philanthropy.<br>Ensuring that Philanthropy remains<br>at the heart of client conversations<br>where it comes to their wealth<br>distribution or where it comes to<br>supporting groups to set up their<br>own fundraising structures is a<br>priorityfor Prism.|Regular meetings, events and<br>activities.<br>Prism attendance and<br>speaking opportunities at<br>events as well as hosting<br>intermediaries at our own<br>events.<br>External communications to<br>keep the sector up to date<br>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<br>Restricted Income<br>Expenditure on Charitable Activities<br>Net (loss) on investment properties<br>Net gain/(loss) on investment assets<br>**Net Income transferred to total funds**<br>Total Funds at 1 July 2023<br>Net surplus for the year<br>**Total Funds at 30 June 2024**|**2024**<br>**2023**<br>**£**<br>**£**<br>3,193,754<br>2,724,063<br>90,890,498<br>112,533,346|
|---|---|
||**94,084,252**<br>**115,257,409**<br>(69,363,208)<br>(68,723,603)<br>(1,440,000)<br>-<br>19,754,417<br>8,017,478|
||**43,035,461**<br>**54,551,284**|
||289,788,560<br>235,237,276<br>43,035,461<br>54,551,284|
||**332,824,021**<br>**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: 

- 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 

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** 

- 1.1   Prism the Gift Fund is a registered charity whose mission is to increase the flow of funds into the charitable sector by creating efficiencies wherever we can. Prism’s focus is on effective administration of the giving by individuals, collectives and foundations, making significant gifts to organisations all around the world.  Prism provides Donor Advised Funds, Collective Funds and Foundation Administration services. 

- 1.2  Prism holds approximately £270,436,463 (2023: £206,418,424) of investment assets, most of which are Donor Advised Funds in respect of which Prism receives an investment suggestion from the relevant Donor. The funds are invested pending distribution for charitable purposes over extended periods with the intention that capital growth and income will increase the volume of funds available for distribution and allow sustainable grant making capabilities. When a donor suggests a portfolio and/or investment manager, the Finance and Investment Committee of the board of Prism will review the structure and sign off to ensure it is acceptable to the Charity. Monthly and quarterly valuations are produced for the Finance and Investment Committee (and the donor). The Board meet quarterly to review all valuations and take any appropriate action. 

- 1.3   The Collective Funds receive funds and distribute for charitable purposes within a relatively short time period and as a result these funds are held principally in the form of cash, bank deposits and other highly liquid instruments. 

- 1.4  Prism has by its very nature a wide range of charitable objectives in terms of distributions and is also not restricted by geography or sector. 

## **2.   Investment Objectives** 

- 2.1  Prism seeks to produce the best long term financial return within an acceptable level of risk for the bulk of the assets, referred to as the 'financial investments'. This should allow the Fund to maintain the real value of the assets pending distribution.  There is no requirement to generate income specifically to fund grants, since all of the financial assets are available for distribution. For the year ended June 2024 total net return on investments was £25.3m (2023: £10.2m) including net investment income. 

- 2.2  Prism adopts a total return approach and is indifferent between income and capital gains over the long term. 

## **3.   Risk** 

## 3.1   Attitude to Risk 

- 3.1.1  Prism relies on long term investment return to preserve and increase the value of the financial investments to further its mission to increase the flow of funds into the charitable sector. 

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

- 3.1.2 The key risks to the long-term sustainability of the Fund are inflation, commercial investment risk, currency risk and market risk. 

- 3.1.3 The Trustees are able to tolerate volatility in the capital value of the funds and also to tolerate currency risk in line with the potential international distribution of funds.  The nature of the Donor Advised Funds will require consideration of a wide range of potential investments including some which may be regarded as speculative but are intended to generate long term capital gains to be distributed for charitable purposes. 

- 3.1.4 As a matter of policy, Prism does not “self-manage” and all funds other than short term holdings are placed with or through reputable investment management professionals. 

- 3.1.5    The Trustees have established an Investment Committee consisting of Trustees with significant financial markets experience.  The Committee’s role is to evaluate and monitor on behalf of the Trustees all investments and to determine if the investment guidance given by Donors is appropriate.  The Trustees are not bound by this investment guidance, but will take into account the benefit to the Fund of receiving assets under specific guidance which might otherwise not be donated to the Fund, provided that such donations do not convey risk to the other assets in the fund and are donated solely for the purpose of increasing the future capacity of the fund to make charitable distributions. 

## 3.2   Assets 

- 3.2.1   Prism’s financial investments can include cash, bonds, loans, equities, property, hedge funds, structured products, private equity funds, commodities, non-traded shares in unlisted private companies, derivatives, managed funds and any other asset deemed suitable by the Investment Committee.  The Fund can also consider Programme Related and Mixed Motive Investments in accordance with Charities Commission guidance. 

- 3.2.2   Whilst the Fund reports in Sterling, there is no restriction on the currency mix of the financial investments. 

- 3.2.3   Prism maintains sufficient liquidity in the Collective Funds to allow them to distribute in line with their aims. 

- 3.2.4   For the Donor Advised Funds, there is no specific liquidity requirement, but the Trustees will monitor funds to ensure that they are in a position to make charitable distributions in line with their established aims and may take steps to increase liquidity and arrange charitable distributions from funds considered by the Trustees to be dormant. 

## **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: 

- 1 AJ Bell - 4 Exchange Quay, Salford Quays, Manchester M5 3EE, UK 

- 2 Area One Farms - 1670 Bayview Ave. Suite 501. Toronto, ON M4G 3C2, Canada 3 Barclays - P O Box 8, 13 Library Place, St Helier Jersey, JE4 8NE, UK 

- 4 Bedrock Asset Management - 33 Glasshouse Street, W1B 5DG, London, UK 5 Brown Advisory - 1st Floor, 18 Hanover Square, London W1S 1JY Canaccord Genuity Wealth Management - 9th floor, 88 Wood Street, London, EC2V 7QR, 

- 6 UK 

- 7 Cazenove Capital - Schroder & Co. Limited, 1 London Wall Place, London, EC2Y 5AU, UK Coltrane Asset Management - Morgan Stanley Fund Services, The Observatory, 7-11 Sir 

- 8 John Rogerson’s Quay, Dublin 2, Ireland 

- 9 Coutts&Co - 440 Strand, London, WC2R 0QS, UK 

- 10 Dart Capital - 61 Queen Street, London, EC4R 1EB 11 Evelyn Partners - 25 Moorgate, London, EC2R 6AY, UK 12 Goldman Sachs - Plumtree Court, 25 Shoe Lane, London, EC4A 4AU, UK 13 GPIM Limited - 80 Coleman Street, London, EC2R 5BJ, UK 14 Hargreaves Lansdown - One College Square South, Anchor Road, Bristol, BS1 5HL, UK 15 Investec - 30 Gresham St, London EC2V 7QN 16 JNE Partners - 35 Park Lane, London, W1K 1RB 17 JP Morgan - 60 Victoria Embankment, London EC4Y 0JP 18 Julius Baer - 20-23 Greville St, London EC1N 8SS 19 Lansdowne Partners - 15 Davies Street, London, W1K 3AG 20 LGT Wealth Management - 14 Cornhill, London EC3V 3NR 21 Lombard Odier - Queensberry House, 3 Old Burlington Street, London, W1S 3AB, UK London and Capital Asset Management - Two Fitzroy Place, 8 Mortimer Street, London, 

- 22 W1T 3JJ 

- 23 Marylebone Lane Partners - 2nd Floor, 35 Portman Square, London W1H 6LR 24 Maseco Private Wealth - Burleigh House, 357 Strand, London, WC2R 0HS, UK 25 Nanook Energy Advisors LLP - 45 Holmes Road, Kentish Town, London, NW5 3AN 26 NetWealth - 2 FIizroy Place, Two, 8 Mortimer St, London W1T 3JJ 27 Path Financial - Watch Oak, Chain Ln, Battle TN33 0YD 28 Pledge Ventures Ltd - 20 St Thomas Street, London, SE1 9RS Quilter Cheviot Investment Management - Senator House, 85 Queen Victoria Street, 

- 29 London, EC4V 4AB, UK 

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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,<br>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,<br>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: 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles in the Charities SORP; 

- Make judgements and estimates that are reasonable and prudent; 

- 

- State whether applicable UK accounting standards have been followed, subject to any 

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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; 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. 

The Trustees are responsible for keeping 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: 

- give a true and fair view of the state of the charitable company’s affairs as at 30 June 2024 and of the charitable company’s net movement in funds, including the income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **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: 

- the information given in the Trustees’ Annual Report (which includes the strategic report and the directors’ report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the strategic report and the directors’ report included within the Trustees’ Annual Report have been prepared in accordance with applicable legal requirements. 

## **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: 

- adequate accounting records have not been kept by the charitable company; or 

- the charitable company financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **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: 

- Inspecting correspondence with regulators and tax authorities; 

- Discussions with management including consideration of known or suspected instances of noncompliance with laws and regulation and fraud; 

- Evaluating management’s controls designed to prevent and detect irregularities; 

- Identifying and testing journals, in particular journal entries posted with unusual account combinations, postings by unusual users or with unusual descriptions; and 

- Challenging assumptions and judgements made by management in their accounting estimates. 

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

31 



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

## **BALANCE SHEET AT 30 June 2024** 

|Note<br>**FIXED ASSETS**<br>Property Investment<br>5<br>Other Investments<br>5<br>**Total**<br>**CURRENT ASSETS**<br>Debtors<br>6<br>Cash at bank and in hand<br>**Total**<br>Creditors: amounts falling due within one year<br>7<br>**NET CURRENT ASSETS**<br>Creditors: amounts falling due after one year<br>7<br>**NET ASSETS**<br>Unrestricted funds<br>8<br>Restricted funds<br>8<br>**TOTAL FUNDS**|**2024**<br>**2023**<br>**£                     £**<br>1,200,000<br>2,640,000<br>270,436,463  206,418,424|
|---|---|
||**271,636,463 209,058,424**<br>2,255,591<br>3,702,621<br>60,494,313<br>78,566,650|
||**62,749,904 **<br>**82,269,271**<br>(362,346)<br>(339,135)|
||**62,387,558**<br>**81,930,136**<br>(1,200,000)<br>(1,200,000)<br>**332,824,021 289,788,560**|
||1,653,666<br>1,390,587<br>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 

32 



**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**<br>Net movement in funds<br>Non cash donations<br>Revaluation of investment property<br>Revaluation of fixed asset investments<br>(Increase)/Decrease in debtors<br>Increase in creditors<br>**Net cash inflow from operating activities**<br>**Cash flows from investing activities**<br>Purchases of fixed asset investments<br>Sale of fixed asset investments<br>**Net cash (outflow) from investing activities**<br>Increase/(decrease) in cash at bank<br>Cash at start of the year<br>**Cash at the end of the year**|**2024**<br>**2023**<br>**£**<br>**£**<br>43,035,461<br>54,551,285<br>(34,284,872)<br>(22,199,105)<br>1,440,000<br>-<br>(19,754,417)<br>(8,017,478)<br>1,447,030<br>(1,847,713)<br>23,214<br>330,513|
|---|---|
||**(8,093,584)**<br>**22,817,502**|
||(92,930,369)<br>(45,403,833)<br>82,951,616<br>43,802,320|
||**(9,978,753)**<br>**(1,601,513)**|
||(18,072,337)<br>21,215,989<br>78,566,650<br>57,350,661|
||**60,494,313**<br>**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<br>Collectives’ donation income<br>**Total**|**2024**<br>**2023**<br>**£**<br>**£**<br>64,462,992<br>81,231,102<br>20,826,555<br>29,097,352|
|---|---|
||**85,289,547**<br>**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<br>Governance costs<br>**Total**|**2024**<br>**£**<br>**2023**<br>**£**<br>2,082,071<br>1,774,611<br>416,604<br>371,438|
|---|---|
||**2,498,675**<br>**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:<br>Auditors’ remuneration<br>Auditors’ remuneration for non-audit services|**2024**<br>**£**<br>**2023**<br>**£**<br>33,600<br>32,000<br>7,500<br>15,765|
|---|---|
||**41,100**<br>**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**<br>Fair value at 01 July 2023<br>Fair value movement<br>**Fair value at 30 June 2024**|**Unrestricted**<br>**Restricted**<br>**Total**<br>**£**<br>**£**<br>**£**<br>792,000<br>1,848,000<br>2,640,000<br>(432,000)<br>(1,008,000)<br>(1,440,000)|
|---|---|
||**360,000**<br>**840,000**<br>**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**<br> <br>Fair value as at 01 July 2023<br>Gift of assets<br>Purchases in the year<br>Sales in the year<br>Fair value movement<br>**Fair value at 30 June 2024**|**Total**<br> **£**<br>206,418,424<br>34,284,869<br>92,930,369<br>(82,951,616)<br>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<br>Equities<br>Hedge Funds<br>Mixed Portfolio<br>**Total**|**2024**<br>**2023**<br>**£**<br>**£**<br>18,154,011<br>13,856,572<br>14,367,848<br>10,966,674<br>115,853,899<br>88,428,827<br>122,060,705<br>93,166,351|
|---|---|
||**270,436,463**<br>**206,418,424**|



## **6. DEBTORS** 

|Trade receivables<br>VAT repayment due<br>Social Impact Loan<br>Other debtor - Gift Aid<br>**Total**|**2024**<br>**2023**<br>**£**<br>**£**<br>-<br>85,800<br>51,164<br>66,426<br>1,330,930<br>796,258<br>873,497<br>2,754,137|
|---|---|
||**2,255,591**<br>**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<br>Accruals<br>Other creditors<br>**LIABILITIES DUE IN MORE THAN ONE YEAR**<br>Social Impact Loan|**2024**<br>**2023**<br>**£**<br>**£**<br>275,000<br>275,000<br>41,350<br>32,000<br>45,996<br>32,135|
|---|---|
||**362,346**<br>**339,135**|
||**2024**<br>**2023**<br>**£**<br>**£**<br>1,200,000<br>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<br>Net movement in funds<br>Balance at 30 June 2024<br>Represented by fixed assets<br>Cash at bank<br>Other net assets / (liabilities)<br>Balance at 01 July 2022<br>Net movement in funds<br>Balance at 30 June 2023<br>Represented by fixed assets<br>Cash at bank<br>Other net assets / (liabilities)|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total 2024**<br>**Total 2023**<br>**£**<br>**£**<br>**£**<br>**£**<br>1,390,587<br>288,397,973<br>289,788,560<br>235,237,276<br>263,079<br>42,772,382<br>43,035,461<br>54,551,285|
|---|---|
||**1,653,666**<br>**331,170,355**<br>**332,824,021**<br>**289,788,561**|
||360,000<br>271,276,463<br>271,636,463<br>209,058,424<br>1,293,666<br>59,200,648<br>60,494,314<br>78,566,650<br>-<br>693,244<br>693,244<br>2,163,487|
||**1,653,666**<br>**331,170,355**<br>**332,824,021**<br>**289,788,560**|
||**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total 2023**<br>**Total 2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>812,573<br>234,424,703<br>235,237,276<br>188,107,766<br>578,014<br>53,973,270<br>54,551,284<br>47,129,510|
||**1,390,587**<br>**288,397,973**<br>**289,788,560**<br>**235,237,276**|
||792,000<br>208,266,424<br>209,058,424<br>177,240,328<br>532,161<br>78,034,489<br>78,566,650<br>57,350,661<br>66,426<br>2,097,060<br>2,163,486<br>646,287|
||**1,390,587**<br>**288,397,973**<br>**289,788,560**<br>**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<br>2022<br>Income<br>Expenditure<br>Net gains on<br>investments<br>**Balance at 30**<br>**June 2023**<br>Income<br>Expenditure<br>Net loss on<br>investment<br>property<br>Net gains on<br>Investments<br>**Balance at 30**<br>**June 2024**|**DAF**<br>**Collective**<br>**Total**<br>**restricted**<br>**funds**<br>**Unrestricted**<br>**funds**<br>**Total**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>215,761,877<br>18,662,826<br>234,424,703<br>812,573<br>235,237,276<br>83,225,121<br>29,308,225<br>112,533,346<br>2,724,063<br>115,257,409<br>(37,453,597)<br>(29,123,957)<br>(66,577,554)<br>(2,146,049)<br>(68,723,603)<br>8,017,478<br>-<br>8,017,478<br>-<br>8,017,478|
|---|---|
||**269,550,879**<br>**18,847,094**<br>**288,397,973**<br>**1,390,587**<br>**289,788,560**|
||69,837,117<br>21,053,381<br>90,890,498<br>3,193,754<br>94,084,252<br>(39,581,539)   (27,282,994)<br>(66,864,533)<br>(2,498,675)<br>(69,363,208)<br>(761,860)<br>(246,140)<br>(1,008,000)<br>(432,000)<br>(1,440,000)<br>19,754,417<br>-<br>19,754,417<br>-<br>19,754,417|
||**318,799,014**<br>**12,371,341**<br>**331,170,355**<br>**1,653,666**<br>**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:**<br>Less than 1 year<br>2-5 years|**2024**<br>**2023**<br>**£**<br>**£**<br>166,475<br>175,460<br>263,648<br>372,744|
|---|---|
||**430,123**<br>**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:**<br>Less than 1 year<br>2-5 years<br>Over 5 years|**2024**<br>**2023**<br>**£**<br>**£**<br>141,252<br>141,252<br>115,710<br>141,252<br>-<br>115,324|
|---|---|
||**256,962**<br>**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: 

- Book-keeping, back office support as well as Gift Aid claims and other services as required by the donor base of Prism. 

- It conducts research and provides marketing material for Prism to promote the charity. This material includes custom built web sites, brochures, planning of events, presentations, and editorial comment. 

- It administers the donation income and oversees all compliance and due diligence of grants. 

- Prism Admin recruits and employs all staff at Prism. 

- Maintains donor client relationship management. 

## **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<br>Development Collective<br>Fund|Raising funds for a range of charitable organisations globally in<br>support of the 2030 United Nations Sustainable Development<br>Goals.|
|2BCured UK Charitable Fund|Set up to support scientific research organisations to find<br>treatments to alleviate the effects of the GRIN2B Disorder and<br>ultimatelya cure.|
|Act For Cancer Foundation|Working to identify, promote and provide practical ways to<br>safely access innovative treatments for cancer patients with<br>hard-to-treat cancers or when standard treatment options have<br>been exhausted.|
|Acumen Fund UK Branch|Raising funds for Acumen Fun Inc., a US non-profit organisation<br>which aims to fight poverty by investing in companies, leaders<br>and ideas.|
|Aluma Fund|Raising funds in support of a range of charitable organisations<br>based in Israel, in order to protect and bolster the values and<br>equalityand freedom in Israel.|
|AmazoniaAlerta Collective<br>Fund|Raising funds in support of AmazoniAlerta CIC, working with<br>traditional peoples and communities in Brazil to advance the<br>promotion of their rights and lands and the Amazon Rainforest.|
|Amber River Foundation|A grant-making fund promoting a range of fundraising appeals<br>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<br>focused on supporting brain cancer research in memory of<br>Laura Nuttall,daughter of Mark and Nicola Nuttall.|
|Choose Love|Supporting refugees around the world by ensuring that vital<br>humanitarian aid reaches them when they need it the most.<br>Choose Love achieves this by finding local organisations doing<br>the most effective work, and providing funding for their<br>projects – for everything from food and clothes to legal aid and<br>psychosocial support.|
|ClimateForce UK Charitable<br>Fund|Raising funds for the Australian environmental non-profit<br>organisation ClimateForce working around the regeneration<br>and management of tropical rainforest in Far North<br>Queensland, Australia - cultivating biodiversity and protecting<br>the natural environment.|



52 



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

|Counterhate UK Charitable<br>Fund|Raising funds for the UK non-profit entity Center for<br>Countering Digital Hate Ltd, whose mission is to protect human<br>rights and civil liberties online for thepublic benefit.|
|---|---|
|CSJ Foundation Collective<br>Fund|Supporting the CSJ Foundation, a UK non-profit organisation,<br>and its work to tackle poverty and related social problems.|
|FAR - Foundation for ARID1B<br>Research UK Fund|Set up to promote the development of life-changing treatments<br>forpeople livingwith ARID1B-related disorder(ARID1B-RD).|
|Farming the Future<br>Collective Fund|Supporting and administering the Farming the Future grant-<br>making programme, an alliance that aims to build a system of<br>regenerative food production and land use that furthers social<br>and environmentaljustice.|
|Flackstock Charitable Fund|Raising funds in support of general charitable causes through<br>the Flackstock music festival, in memory of Caroline Flack.|
|Fondation Art Explora|Supporting a number of arts programmes in the UK in<br>collaboration with well-established cultural institutions, with a<br>focus on audiencesgeographicallyand sociallyremote.|
|Fondation Maeght<br>International Council Fund|Creating an international funding circle in support of the work<br>of the French foundation Fondation Maeght, including but not<br>limited<br>to<br>artwork<br>restorations,<br>artwork<br>acquisitions,<br>exhibitions funding, capital projects, facilities upkeep and<br>renovation, public programmes, outreach initiatives, concerts,<br>performances and other cultural events.|
|Future Foundations UK|A network for minoritised groups that work in philanthropy in<br>the UK with the aim of tackling deep-seated racial inequalities<br>within the UK.|
|Georgia's Fund|A memorial fund established to support children and research<br>into Neuroblastoma cancer.|
|GiveWell UK Collective Fund|Raising funds for GiveWell UK and USA in support of their<br>beneficiaries.|
|Grace O'Malley Kumar<br>Foundation|A memorial account raising funds in support of sports, welfare<br>and education charities in the UK in memory of Grace O’Malley<br>Kumar.|
|Harry Kane Foundation|Supporting charitable organisations and programmes which<br>promote good health and wellbeing, with a long-term goal to<br>helptransform ageneration’s thinkingabout mental health.|
|Impact 100 London|A donor collective that gives charitable grants to London-based<br>organisations workingto benefit women andgirls.|
|Impande UK Charitable Fund|Raising funds for the South African charity Impande whose<br>work is focused on improving access to and quality of<br>community driven Early Childhood Development programmes<br>in South Africa.|
|ISGAP UK|Raising funds for the Institute for the Study of Global<br>Antisemitism and Policy (ISGAP), a US organisation dedicated to<br>scholarly<br>research<br>into<br>the<br>origins,<br>processes<br>and|



53 



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

||manifestations of global antisemitism and of other forms of<br>prejudice.|
|---|---|
|Kabuki Syndrome<br>Foundation Family and<br>Friends|Raising funds to support programmes providing high-quality<br>care to children with Kabuki Syndrome.|
|KBF UK Philanthropic Fund|A grant-making fund set up to raise funds for the King Baudouin<br>Foundation as part of its donor initiatives in the UK - in support<br>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<br>for orphans in Israel, especially for the needs of children under<br>the age of 25 who became instant orphans as a direct result of<br>the October 7th terrorist attack in Israel.|
|Lemon Tree Trust|Supporting the development of urban agriculture and greening<br>innovation projects for refugees and displaced people, as a<br>means of improving the food production and the well-being of<br>these communities.|
|Lynedoch Village|Fundraising to support the Sustainability Institute in South<br>Africa,focused on education and communityliving.|
|Ned's Fund|Supporting young people in need by funding UK charities that<br>offer opportunities outside the boundaries of traditional<br>education.|
|New Producers Collective<br>Fund|Set up as an interim charitable structure to support New<br>Producers For Sustainable Energy, a newly established UK<br>charity that seeks to advance education and to undertake,<br>commission, develop and disseminate research for the public<br>benefit including without limitation the effective identification,<br>development, governance, management, distribution and use<br>of energy and energy sources, where practicable in a manner<br>which also conserves and protects the environment and<br>promotes sustainable development and efficient public<br>administration.|
|Once a Year|Raising funds for a range of environmental and marine<br>protectionprogrammes in the Mediterranean Sea.|
|OnePlate UK Foundation|Raising funds for the Australian non-profit entity OnePlate<br>which supports organisations, who nourish and enrich the lives<br>of children ingreat need,in developingcountries.|
|Phoenix Court Works|Supporting a range of charitable causes and impactful<br>programmes in the community of Somers Town in Camden and<br>the "New Palo Alto" ecosystem across: Health and Wellbeing;<br>Education and Inclusion;Climate and Environment.|
|Pirate National Youth Studio<br>Fund|Supporting UK charities engaging young people and vulnerable<br>young adults from disadvantaged social backgrounds,<br>particularly those who usually lack access to positive sources of<br>engagement and/or support, with a focus on self-development,<br>education and career development.|



54 



**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. 

55 



**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<br>the erection of a memorial statue in Oslo, Norway,<br>commemorating the work of Anglo-Norwegian resistance<br>organisations during the Second World War, and its associated<br>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<br>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.|



56 



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

|The SKR Legacy Collective<br>Fund|A memorial fund set up in the memory of the celebrated author<br>and advisor on education Sir Ken Robinson, continuing his<br>legacyand work through initiatives in education.|
|---|---|
|The University of Toronto UK<br>Fund|Supporting the education and research endeavours of the<br>University of Toronto, with research such as exploring cleaner<br>forms of energy, reimagining the design and infrastructure of<br>cities, and creating new technologies for environmentally<br>sustainable societies.|
|Travalyst Collective Fund|Raising funds for Travalyst Limited, a non-profit global alliance<br>working to bring about the systemic changes needed in order<br>for sustainable travel to become mainstream.|
|True Travel Foundation|A grant-making fund set up to provide support to community<br>projects carried out byorganisationsglobally.|
|Ukrainian Action UK Fund|Supporting the charitable work of Ukrainian Action, a US non-<br>profit organisation providing humanitarian aid and emergency<br>relief as well as other charitable activities for the benefit of the<br>people of Ukraine.|
|World Food Programme|The UK charitable branch for the United Nations agency<br>supporting food provision and nutrition in developing<br>countries.|
|Y Tree Foundation|Raising funds via networking fundraising events in support of a<br>range of UK charities.|



57 



**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|



58 



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



59 



**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<br>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|



60 



**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|



61 



**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|



62 



**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|



63 



**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<br>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|



64 



**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|



65 



**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|



66 



**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|



67