Charlty registration number 1102765
THE BARBARIANS RUGBY CHARITABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE BARBARIANS RUGBY CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Sir William B. Beaumont G.B.E.
T. G. R. Davies C.B.E.
A. G. Haslings C.B.E.
J. S. Spencer
P. A. Orr
Admlnlstrator
W. J. K. Brown C.A.
Charity number
1102765
Auditor
Beavis Morgan Audf( Limited
82 St John Street
London
EC1M4JN
Bankers
Virgin Money
1 Weslgale
Shipley
BD18 3SD

THE BARBARIANS RUGBY CHARITABLE TRUST
CONTENTS
Page
Trustees, report
Independent audilorfs report
Statement of financial activities
Balance sheet
Slalemenl of cash flows
Notes lo the financial slalemenls
10-14

THE BARBARIANS RUGBY CHARITABLE TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present th￿r annual report and financial $18lements for the year ended 31 December 2023.
The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the
financial slalemenls and comply with the Charity's Trust Deed, the Charities Act 2011 and A¢¢ounting and
Reporting by Charities.. Slalemènl of Recommendecl Practice applicable lo chaiilies preparing their accounts in
accordance with the Financial Reporting Standard applicaljle in the UK and Republic of Ireland IFRS
1021 leffective 1 January 20191
Oblectlves
The Charity's object5 are-.
For such charitable purposes as the Trustees in their absolLJle discretion from lime lo lime think fil and in particular
Ibul wilhoul prejudice lo the generality of the foregoing) for the organisalion. or provision of assislan¢e in the
organisalion. or provision of facilities in any part of the world which will enable persons lo play. administer and
further the game of rugby union loolball, who by reason of their social or economic circumstances have need of
such assistance.
Background and governance
The Barbarians Rugby Charitable Trust was registered as a charity on 22nd March 2004. The governing document
is the Trust Deed dated 4th February 2004.
Truste&s
The Trustees who served during the year and up lo the dale of signature of the financial statements were..
Sir William B. Beaumont G.B.E.
T. G. R. Davies C.B.E.
A. G. Haslings C.B.E.
J. S. Spencer
P. A. Orr
Organlsatlon
There musl be al least three Trustees. The Trustees regularly review the finances and administration of the Charity.
Each Trustee is appointed for a term of five years. The power to appoint Trustees of a suitable persona is held by
the Trustees.
The day lo day management of the Charity is the responsibility of W.J.K. Brown.
Revlew of the development. actlvltl&s and achlevements
During the year the Trustees were pleased to be able lo approve donations tolalling £90,955 in pursuit of Ihelr
objectives. The Trustees plan lo make further donations in 2024.
Review of the activilies undertaken by the Charlty to further its charitable purposes for the public beneflt
The Trustees have applied the Charity's funds in ways which, in their opinion. meet their obligations lo help develop
the game of rugby union football al home and overseas.
The Trustees believe that they have complied wth the duty in section 17 of the Charities Act 2011 to have due
regard lo public benefit guidance published by the Charity Commlsslon.

THE BARBARIANS RUGBY CHARITABLE TRUST
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Revlew of the transactions and financlal posltion
The movement of the Charity's financial resources for the year is shown in the Stslemenl ol Financial Aclivilie5 on
page 7. The highlights are..
investment income of £93,495.,
the investment portfolio increased by £204,534 during the year due lo Increasing stability in financial markets and
the global econorny".
lolal donations payable of £90,955.,
a general fund of £3,872,675 carried forward lo 2024
Rlsks
During the year the Trustees have reviewed the general environment in which the Charity operates lo identify any
serious potential risks, and make arrangements to avoid such risks or mitigate theii impact. No key risks were
identified.
Reserves poll¢y
11 is the policy of the Charity normally lo distribute subslanlially all investment income rec￿Ved or receivable during
the year.
Investment policy
During 2004 the Trustees received a donation from the Barbarian Football Club Ltd of cash and marketable
securities." the laller was a combination of gill-edged 5ecuriliès and investment trusts which produce a reasonable
income with the prospect of capital growth frorn the underlying holdings of sound investments In the UK and
overseas. 11 is the Trustees. intention lo continue lo make donations from the income, rather than the capital, of the
Trust.
The Trusle&s hope that by careful selection of inveslmenls, and through occasional further donations from the
Barbarian Football Club Ltd and elsewhere, they wll be able to sel aside a fund which has the ability lo produce
sufficient income lo enable them lo make a major contribution lo fostering the game of rugby union football in all
areas of the world.
Grant making policy
Grants are made as the Trustees in their absolute discretion from time lo lime think fil and in particular in line wth
the Charity's objects.
Related parties
Trustee J. S. Spencer is a member of the Committee of Barbarian Football Club Ltd l.the Club'l. and the Trust's
Honorary Adminislralor is the Honorary Treasurer of the Club. No other link exists with the Club.

THE BARBARIANS RUGBY CHARITABLE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of Trust•ès' respon5ibilltles
The Truslèas are responsible for preparing Ihe Truslees, Report and the financial slalements in accordance wilh
applicable law and United Klngdom Accounting Sland8rds (Uniled Kingdom GeneTally Accepled Accountsng
Practice).
The law applicable lo charilies in England and Wales requires the Trustees lo prepare financial slalemenls for èach
financial y88r whlch give a Irue and falr view of the slate of affairs of the Charity and of the incoming resources and
application of resources of the Ch8rity for Ihat year.
In preparing these financlal statements, tho Trustees are required lo..
select suitable aceounting policies and then apply Ihem ¢on81518nlly',
obseNe the methods and princbples in the Charities SORP.,
make judgements and esllm8les Ihat are reasonabl& and pwdenl..
slate whether applicable accounting standard3 have been followed. subjecl to any m31gTlal departures disdosed
and exp181ned in Ihe financial stalements., and
PTepaTe the financial slalemenls on the going concem basls unless il is inappropriate lo presume that the charily
will conlinue in oparation.
The Trustees 8re responsible for keeping suificienl 8¢counting records that disclose with reasonable accuT8Cy 8t
any time the finanaal position of Ihe Charity and enable them lo ensure that the financlal slalemenls cornply with
Ihe Charities Act 2011, the Charlty {Ac¢ounls and Reporlsl Regulations 2008 and the provisions of the trust deed.
They are also responsible foT safeguarding the assets of the Charity and hence for I8￿n9 reasonable steps for the
prevention and detection ol fraud and other irregvlarities.
ststement of disclosurè to auditor
So far a5 the Tru$tees are awa¥e'.
there is no raI￿ant audit information of whlch the Charity's auditors are unaware.. and
b)
they have tsken all the steps th81 Ihey ought to have taken as Trustees in order to make themselves aware
of any relevant audlt Informalion and lo eslablish Ihal the Charitls audiloTS are aware of that inforrnalion.
The Trusteès, report was approved by the BoaTd of Truslees.
J. S. Spencer
Trustse
Oale..

THE BARBARIANS RUGBY CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE BARBARIANS RUGBY CHARITABLE TRUST
Opinion
We have audited th8 financial slalemenls of The Barbarians Rugby Charitable Trust (the 'Charily'l for the year
ended 31 December 2023 whiGh comprise the statement of financial activities, the balan￿ sheet, the slalemenl of
cash flows and notes lo the financial slalernenls, including signifi¢anl a¢counling policies. The financial reporting
framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Slancsards,
including Financial Reptsrting Standard 102 The Financial Reporting Standard applicabl& in the UK and Republic ol
Ireland Iuniled Kingdom Generally Accepted Accounting Pra¢ti¢el.
In our opinion, the financial slatemenls..
give a Iiue and fair view of the slate of the charity's affairs as at 31 December 2023 and of its incoming
resources and application of resources. for the year then ended".
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿.,
and
have been pr&pared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUKII and applicable
law. Our responsibilities undei those standards are further des¢rib&d in the AudiloPs responsibililies for the audit ol
the financial slalgfj]enls section of our report. We are indep&ndenl of the Charity in accordance with the ethical
requirements that are relevant lo our audit of the finan¢i81 statements in the UK. including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in a¢cordan¢e with these requirements. Vve believe
that the audit evld&nce we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concem
In auditing the financial slatemenls. we have conclud&d that th& Trusloes, use of the going concern basis ol
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubl on the Charity's ability lo continue as a going
cOn￿M for a periLid of al least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities an(S the responsibilities ol the Trustees with respect lo going concern are described in the
relevant sections of this report.
Other Informatlon
The other information comprises the information included in the annual report other than the financial slalements
and our auditorfs report Ihereon. The Trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance Conclusion Ihereon. Our responsibility is lo read the other information and. in doing so, consid8r
whether the olher information is materially inconsislenl with the financial statements or our knowledge obtained in
the course of the aLJdil, or otherwise appears lo be rnalerially misslaled. If we Identify such malerral inconsistencies
or apparent material misstalemenls, we are required lo determine whether this gives rise lo a material misslalemenl
in the financial slalemenls themselves. If, based on the work we have performed. we conclude that there is a
material misstalemenl of this other information, we are required to report that fa¢l.
We have nothing lo report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matters in rdalion to which the Charities (Accounts and
Reports) Regulations 2008 require us lo report lo you if, in our opinion..
the informalKJn given in the financial statements is inconsislenl in any material respect wlh the Trustees,
report., or
sufficient accounting records have not been kept., or
the financial slalemenls are not in agreernenl with the accounting records., or
we have not received all the information and explanations we require for our audit.

THE BARBARIANS RUGBY CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE BARBARIANS RUGBY CHARITABLE TRUST
Responsibllities of Trustees
As explained more fully in the slalerrenl of Trustees, responsibilities, the Trustees are responsible for Ihg
preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such
internal control as the Truslees determine is necessary to enable the preparation of financial slaternen15 that are
free from rnalerial misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Trustees
are responsible for assessing the Charity's ability lo continue as a going concern, disclosing, as applicable. mallers
related lo going concern and using Ihe going concern basis of accounting unless the Trustees either intend lo cease
operations, or have no realistic allernalive bul lo do so.
Audltor's r8sponsibilities for the audit of the flnan¢lal statements
We have been appointed as auditor under section 144 of the Charitie5 Act 2011 and report in accordance with th&
Acl and relevant regulations made or having effect Ihereunder.
Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from
material misslalemenl. whether due lo fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assuiance but is not a guarantee Ihal an audit conducted in a¢cordance
with ISAS IUKI will always dele¢l a material misslalemenl when il exists Misslatemenls can arise from fraud or
error and are considered material if, individually or in the aggregate, they Could reasonably be expected lo influence
the economic decisions of users taken on the basis of these Iinan¢ial slalements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, lo delecl material misslalemenls in respect of irregularities, including
fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud. is delalled below..
The extent lo which our PTocedures are capable of delecling irregularities. Including fraud, is detailed below.
Capablllty of the audlt In detectlng irregularities, including fraud
Based on our understanding of the Charity, we identified that the principal risks of non-compliance with laws and
regulations related lo charities lègislation, and we considered the extent to which non-compliance might have
material effect on the financial slalefnenls. Wtr also ¢onsidered those laws and regulations that have a direct impact
on the preparation of the financial slalemenls. such as Ihe Charities (Accounts and Reports) Regulations 2008.we
evalualed the Iruslees, incentives and opportunities for fraudulent manipulation of the fin8n¢ial statements. OUT
focus was on lesling that sales and purchases of investments were properly aulhorised and prices achieved were
supported by third party evidence. and that grants made by the Charity were properly aulhorizod by the trustees.
There are inherent lirnilalions in the audit procedures described above and the further removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial slalemenls, the less likely it is
that we would become aware of it. Also, the rlsk of not delecling a material misstalemenl due to fraud is higher than
the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example,
forgery or intentional misrepresenlalions, or through collusion
A further description of our responsibilities is available on the Financial Reporting Council's webslte at.. htlps'.11
www.frc.org.uklaudilorsresponsibililies. This description forms part of our auditor's report.
Use ofour report
This report is made solely to the charity's Iruslees, as a body, in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the charity's Iruslees
those mallers we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest extent
permilled by law, we do not accept or assume responsibilily lo anyone other than the charity and the charity's
trustees as a body, for our aLKlil work, for this report, or for the opinions we have formed.

THE BARBARIANS RUGBY CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE BARBARIANS RUGBY CHARITABLE TRUST
Matthew Burge {Senlor Statutory Audltorl
for and on behalf of Beavis Morgan Audlt Llmlted
Chartered Accountants
Statutory Audltor
82 Sl John Street
London
EC1M 4JN
Beavis Morgan Audit Limited is eligible for appointment as auditor of the Charity by virtue of ils eligibility for
appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE BARBARIANS RUGBY CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Unrestrlcted
funds
2022
Notes
Income from..
Donations and legacies
Investments
150
81,914
93,495
Total Income
93,495
82,064
Expenditure on-
Governance costs
Charitable activities
33,610
90.955
33,204
18,760
Total expendlture
124,565
51,964
Nel gainslllossesl on investments
208,936
1602,2521
Net Incomel{expendlturel and movement In funds
177,866
1572,1521
Reconclliation of funds:
Fund balan￿$ al 1 January 2023
3,694.809
4,266,981
Fund balances at 31 De¢ember 2023
3,872.675
3.694,809
The statement of financial activities includes all gains and losses recognised in the year. All incorne and expenditure
derive from continuing activities.

THE BARBARIANS RUGBY CHARITABLE TRUST
BALANCE SHEET
AS AT31 DECEMBER 2023
2023
2022
Notes
Flxed as¥•ts
Investments
3.640,422
3,435,888
Current assets
Cash al bank and in h8nd
248,253
271,921
Credltoys: amounts falling due withln
on• year
(18,0001
113,000}
Not current assets
232,253
258,921
Total assets 1•98 CUTr•nt Ilabllitlo8
3,872,676
3,894,809
Neta55ets
3,872,675
3.694.809
Thgfunds ofthe Charity
Unrestricted funds
3,872.675
3,694.809
3,872,675
3,094,809
The financS81 stalemtrnts were approved by Ihe Trustees on....
J. S. Spencer
Trustee

THE BARBARIANS RUGBY CHARITABLE TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operating activities
Cash absorbed by opeialions
12
1121.565)
151,8141
Investlng a¢tlvltl&s
Purchase of investments
Proceeds from disposal of investments
Investment income received
1514,8711
519.273
93.495
1730,3131
778,264
81,914
Net Gash generatsd from investing
activitles
97.897
129,865
Net cash used In flnanclng actlvltles
Net Idecrea$&lllncrease in cash and cash
equivalents
123.668}
78,051
Cash and cash equivalents at beginning of year
271,921
193,870
Cash and cash equlvalents at end of year
248.253
271,921

THE BARBARIANS RUGBY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
1.1 Accounting convention
The financial slalemenls have been prepared in accordance with the Charily's Trust Deed, the Charities Act
2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. l°FRS 102.1
and the Chaiilies SORP Accounting and Reporting by Charities." Slalemenl of Recomrnended Practlce
applicable lo charllies preparing their accounts in accordance ￿th the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102)" {effeclive 1 January 20191. The Charity is a Public
Benefit Enlily as defined by FRS 102.
The finan¢ial statements are prepared in 51erling, whi¢h is the functional currency of the Charity. Monetary
amtsunls in these financial statements are rounded lo the nearest £.
The financial slalemenls have bèen prepared under the historical cost wnvenlion, modified lo include listed
investments al fair value. The principal accounting policies adopted are sel out below.
1.2 Golng concern
Al the time of approving the financial slalemenls, the Trustees have a rea50nabl& expectation Ihal the Charity
has adequate resources lo conlinue in operalional existence for the foreseeable lulure. Thus the Tnjslees
continue lo adopt the going concern basis of a¢counting in preparing the financial slalements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charltable
objectives.
1.4 Income
Income is re¢ognised in the year in which the Charity is entitled lo receipt. Dividend and Interest income from
investments is recognised when the relevant security is quoted ex-dividend.
1.5 Expendlture
Resources expended are recognised in the year in which they are incurred. Resources expended include
atlribuiable VAT that cannot be recovered. Govemance costs comprise costs for running the Charity itself as
an organisalion. Grants payable are recognised when the recipient is notified of the award. Donations of
services by volunteers are not recognised as income or expendiluie where reliable measurement of those
setvices is not practicable.
1.6 Flxed asset investments
Investments in non-pullable ordinary shares that are publicly traded are measured al fair value, with gains
and losses Tecognised in the Statement of Financial Activities.
Investments In bond inslrumonls that are publicly traded are measured at fair value, with gains and losses
recognised In the Slalemenl of Financial Aclivilies.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held al call with banks. other short-lerm liquid
inveslmonls wlh original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
BasiTC financial assets
Basic financial assets, which include cash and bank bala￿es, are initially measured at transaction pri¢e
including Iransaclion costs and are subsequently carried at amortised cost using the effe¢live interest method
unless the arrangement conslilules a financing transaction, where the transaction is measured al the present
value of the future receipts discounted al a market rate of interest. Financial as5els Classified as re￿Ivable
wilhin one year are not amortised.
10-

THE BARBARIANS RUGBY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollclgs
(Continued)
Baslc flnanclal liabilities
Basic financial liabilities, which include accruals, are initially recognised al transaction price unless the
arrangement ¢onslilule5 a financing Iransaclion, where the debt instrument is measLJred al the present value
of the future payments discounted al a market rale of interest. Financial liabilities classffied as payable within
one year are not amortised.
Debt instruments are subsequently carried al amortised c051. using the effective interest rale method.
Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary course ol
operations from suppliers. Amounts payable are classified as current liabilib'es if payment is due within one
year or less. If not, they are presented as non-currenl liabilities. Trade Creditors are recognised initially at
transaction price and subsequently measured al amortised cost using the effeclivfy interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.8 Forelgn exchange
Transactions in foreign currencies are translated al rates prevailing al the date of the transaction. Balances
denominated in foreign currencies are translated al the rale of exchange prevailing al the year end. Al
dlfferences are taken lo the Statement of Financial A¢livilies.
Incom• from Investments
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Dividends and interest received from Inveslfnents
Interest on cash deposits
93,294
201
81,853
61
93,495
81.914
Governance costs
2023
2022
Governance costs comprlse:
Investment managomenl fe8S
Audit fee
Insurance
Gain on foreign exchange
Bank charges
26.572
6.360
641
29,437
3,150
819
119)
17
37
33,610
33,204
No Trustees ￿ceiVed any remuneration during the year, and no expenses were in¢urred by Trustees c
behalf of the Charity and subsequently reimbursed.
11

THE BARBARIANS RUGBY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Direct charitable expenditure
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Grants lo inslilulions..
Bill M¢Laren Foundation
Princess Charlene of Monaco Foundation
The Matt Hampson Foundation
Meningitis Help Charitable Trust
The Masi¢orp Charity
The George Morgan Young Player Trust
Brave Mind
Bhubesi Pride Foundation
Gloucester Rugby Foundation
School of Hard Knocks
Goa Rugby Union
Sir Garelh Edwards Cancer Charity
10,000
8.760
10,000
10,000
10,000
12,000
10,000
10,000
2,000
12,000
4,955
10.000
90.955
18,760
Galns and losses on Investments
Unrestrictèd Unrestricted
funds
funds
2023
2022
Gainsloossesl arising on..
Revaluation of investments
Sale of investments
227,254
118,3181
1517,2541
184,9981
208,936
1602,2521
12-

THE BARBARIANS RUGBY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Fixed asset investments
Listed
investments
Cost or valuatlon
Al 1 January 2023
Additions
Valuation Changas
Loss on disposal
Disposals proceeds
3,435,888
514,871
227,254
(18,3181
(519,2731
Al 31 December 2023
3,640,422
Carrylng amount
At 31 December 2023
3,640.422
At 31 December 2022
3.435.888
All Investments held are listed UK and overseas securities or publlcly traded debt inslrumenls.
CredltOTS: amounts falling due withln one year
2023
2022
Accruals
16.000
13,ClOO
Employees
The average monthly number of employees during the y8ar was..
2023
Number
2022
Number
Total
There were no employees whose annual remuneration was more than £60.000.
Taxatlon
The charity is exempl from taxation on ils activities because all its income is applied for charitable purposes.
13-

THE BARBARIANS RUGBY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10 Unrestricted funds
The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are
not subject lo specific ￿ndItIonS by donors and grantors as to how they May be used. These include
designated funds which have been sel aside out of unrestricted funds by the Iruslees for specific purposes.
At 1 January
2023
In¢omlng Rèsources
resources
expended
Galns and
losses
At31
December
2023
General funds
3,694.809
93,495
1124,5651
208,936
3,872,675
Prevlous year:
At 1 January
2022
Incomlng
resources
Resources
expended
Galns and
losses
At31
December
2022
General funds
4,266,961
82,064
151,9641
1602,2521
3,694,809
11 Related party transactions
There were no disclosable related party transactions during the year12022- none).
12 Cash generated from operatlons
2023
2022
Surpluslldeficill for the year
177,886
{572,1521
Adjustments for..
Investment income recognised in slalemenl of financial activities
Loss on disposal of investments
Fair value gains and losses on investments
193,4951
18,318
{227,2541
{81,9141
84,998
517,254
Movements in working capital..
Increase in creditors
3,000
Cash absorbed by operatlons
1121,5651
{51,8141
13 Analysls of changes In net funds
The Charity had no material debt during the year.
14 Control
There is no ultimate conlfolling party of the Charlly.
14-