Ch•rlty rng18tradon number 1119946 Compwry reglslration numlwr 06281130 IEngland and W4le•) THE HARRISON FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE HARRISON FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Mr Harrison Mrs S Homson Spcrotary Mr S Rutter Charlty numb•r 1119946 Company numb ¢A281130 Reglstorgd offlc• H*ham Dts Hal Mlboume Nv*castl8 up￿ Ty Tyne NE20 OOH Audltor FemwLxxJ RrA1 Jesmond Tyne and E￿ar1d NE2 1TJ THE HARRISON FOUNDATION CONTENTS Trustees, repyt In*eThlent aLklrtofs report Statwnent of finanrAal adi Baknce sheet Notes to the finanoal 8tstements 10-15 THE HARRISON FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEAIBER 2023 The trust&S P￿Sent th￿r￿nu￿ rek￿ and ltrwrial 8tatenwts for the ye* ended 31 D&￿mber 2023. finanaal statements have been prepared in xcordance wrth Ihe acc￿ting policaes set out in note 1 to the finanual ststements and comF4y wrth the charitys governing documenL the Companies Act 21XJ6 and 'Accounting and Reporting by Charities.. Ststement of Reo)mmended Practic* aPr￿￿tIe to charilies preparing the￿ acLounts in 8¢xordance with the Financial Re￿rtI￿J Standard applica￿ in the UK and RepubU¢ of Ireland (FRS 102) {effe¢tNo 1 January 20191-. Ob￿CtIveS and a¢ltvlts8s The matn acbmtses of the charity ¥e 1S)natNTh to Sup[￿ a knited number of ￿Use8 wilh 4)e&fic prciects and alms each year. Fundrnislny dlselosur•s The charity is required to report how it deals wilh fundr8Mir@ from tt)& putAio The charty doès not US9 a professional fundraiser or (x)mmwuo1 p3itiapatOT to Tri5e fwKts. Any ￿N)nleS Ta￿ ditethy from the t)ub￿C f911LTrVS al guidelines sel out by the Ch8rJty Commis5M and UK in e￿Y respe￿ We respect kywatry and ¢ontsct prefrrences of all publK donors. The trustee$ have paid due regard to tsmidance issued by the Charity CoMmi￿10n in deuding what *i¥itt8S th arity should Lmdortake. A¢hlwrnmgnts and perfornmnco In 2023 the HaThison Foun¢SalvJn its to pron￿ soca81 ￿>bilIty aTh5 empxy•M indMdual8 thr￿gh access to educatijn, trairung awKf j¢)b opportunities. The Foundation donated d05e to £1 milion to charilies in the United Kingdom and Anbgua and Bar￿da. This ftmding has been inslrurnental in enab￿ThJ ¢*arrtable tyg¥ni%ations to delNer lrf&chaThJing services, suc* as education. job trainirvJ and reskilirKJ progTanwnes. SL4JPOrting ¢harth8s that work thredty v&ilh underpri¥ibJ&l indpliduals. th8 Foundation seeks lo create sustsinabl6 palhways out'of kk)vety and towards sèif4uffiaèncy. Th& FoundatM)n's support has empOWe￿d thousands of indmduals. prowk1irvJ them with the toois and OpP￿b￿ltlè$ to improve their soaal and aconomlc Pfospecis. In Ihe United KiThJdom, the Harrison F￿ndatic￿ cO￿trated its efforts on in the ￿)rth Easl of England. a reglon hislori¢ally challenged by high unemF4oyment ￿1¢￿e¢or#)mI0 irwuality. The Foundation supported many in￿ativeS in thi% araa, •ach athjressing key issues related to education. tmning and &mployabihty. They indude the N8wca8lle Ur¥ted Foundayon INUF), u8e8 the KA7*er of sw to WW38ge young peopLg. helpkng thèm develop skills that improve their education, employability and mental welkbeing. The Harrison Foundation's donation helped expand NUF'S eMF4Oyabi￿ programmes. paiticularly those targeting disthantaged young people, promding Ihern with critical thgrtal sknlls trainiThJ. ment¢)rship aThJ p)b plxement supporL The Found*on's parinershy with the Foundation of L￿trrt in Slmderl¥Jd conlinued into ts seventh year, fwsing on using sports and c4xnmunity engagement to inprove edu¢ational attainment and h)b prospe&s for peopl8 of a ages. The Harrison Foundat￿.$ financial surwi ￿k)We￿ the FoundalK)n of Ughl to enha￿ its omployablllty courses, ddNering job training, resknlffing and sodal moblty inibativès lo thwsands of p8￿cipantS. This (undin9 ènabled the charty to reath more indtVKluals in sUnd￿13nd. on& of the most ¢cononw¢Jly depr￿d areas in the UK. Flrst Stop Dartington is a vrtal charity that p￿￿deS a range of designed to he* ind￿￿dUalS of all ages into work or resknlong. The chartty Supports p¢ople al varh)u$ staggs of th&ir employment ioumey. offering tsilored ath¢e, K*aetKal job search assistanc8 and m•nial Wlh support The Harrison Foundalion's donation playad uaal rcAè in h8Lping First Stop conttnue its woth of impming 8mpWabilty OLrtcomes for ihose facing barr*rs to work. The d)arity has sw Sgnfftarrt In ￿Ing peWe r&enler the wothfor¢e. partiwlarfy through their sp￿￿159d reskiling courses. THE HARRISON FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Mowdon Hall, a rural sthool in NorthLrnberfand re¢*fived a yrant from the Harrison Foundalion to prowde students and the Iwl communty with 8 versatile space artTSti¢ expressh)n and devebpmenl. The theatre, official known as The Harrison Theatre, Is an inspirmg and mutt￿Pu[pOse Npnue thal wlll inslil pride and confidence in all those who use it. In aildlfjon to it5 Work wi the UK the Harrison FourKlatMM r>￿tAl￿ed its work lo estsbfish the Harrison Centre Antigu8 and Bart>uda In$tiiute for CorrtiniDng Edu￿tiOn. a statfrokiffrat social nTh)b￿ty and emF4oyability centre seNIThJ both Antigua and Barbuda. The projecl irNO]ved the r9novalion of the f(¥mgr Anthjua aThJ Barbuda Instiiuts for Conlinuing Educatlw. Iransfomiing it into a modem training and devebpment lyjb. The cerrtre pwdes local residents and regional parb"upants with access to ¥(￿8￿nal training, resklling oprAK￿nItie$ and support services aimed at irnproving employabilty. The Harrison ￿tre is designed to serve as a txxon for soc3aJ moknlty in the CariLknan, offering individua]s the opportunity lo gain valu* skius and walificali¢)ns that wlll ￿har￿ their prospe(*$ for kntrterm economic independenc8. In 2023, Ihg Harri50n Foundation made a w0￿￿j soual mbilrty and emF4oyabilty through the a￿¥$ targeted (lonations and supp(*t for many more key PTtiie¢ts. fAose to £1 mli Ihjn (knnaled to charl1ab￿ initialNes the UK and the Caribbean. the Foundabon ha$ enat4ed thoUSar￿5 of indMdLHls to Unprove their Iiv8s through e(hJcation, tralning, job OpportUnrt￿. Harrison F¢)undafjon'8 in 2023 on its kwdlng to c¥eale a positi¥8 impact for years lo come. Financial review The calculation of free reserves Is based the dethition Induded In the tharity statement of recommended practice (SORPI, whlth provhde5 ￿￿x￿MeThJa{￿S fr)r accounting wld fPPOTting ft)r ¢harili85. The Iru5tee$ have examined Ihe requirements of the tharilable ry)mp3ny to hLld fr88 r8ser¥es- those ￿se￿OS not Invested in tsngible f￿￿￿ assets, excluding long temi liabilities. or deswJnated for a wliuAar purpose. This exeNse rA￿S￿leTed both the nns we require for ow 8tKliL' or lh• trustaas were rwjt entitled to prepare tha ￿anual statements in ar£ordance with the small compani8s regime and tske advantage ofthe gAnaU ¢wpanie8' exempuons in pwaring the trustees, report and from the iequiremenl lo prepare a $trategi¢ Tep Responslbillties of trustees As explained more fvlty in the statement of trustees. reS￿sib￿tEs. the trustees, who are also the directors of the chanty fr)r the PLwpose of company law. are resp￿S1￿￿ for the preparation of the financial statements and for being satisfEd that they give a true and fair ¥te4¥. and for such intemal (wtrol a5 the trustees delemine is nece$$ary to enable the preparation of finanaal stalomènts that a￿ f￿ from materlal misstatement. due to fraud or error. In preparing the financial statements, the trustees are re5ponsit4e fijr assessing the chari￿8 ability to continue as a going concem, ¢115dosing. as apF4icabl8. matters related to going concem and using Éhe going ¢oncem basis of accounting unless the t￿￿ either intend to bquidate the dwIt￿e company or to ￿ase operations, or h8¥e rm) realistic atemative but to (Jo so. Auditorf> regponsibilities forthe audit of the financial slatements Our objethve5 are to obtsin reasonable assurance about whether the finan(?al slalemerrts as a vthola ar• fr88 frc material misslatemen( whether due to fraud or error, WKI lo issue an audit￿$ ￿pOrt tt)at includes our opinlM. Reasonable assurance is a high level of assurance but is ncl a guaTantee that an audit L￿dulted in &cordan wrfh ISAS (UK) wll a￿vaYS detect a material nysstal8m8nt it ￿Sts. Misstatements can arise frorn frwjd or error and are const(Jeréd mateftal rf. indivhjuajty or in thè aggr89at8, thay could r8asonabty be expected lo inlluence the eojnomic de(i8NMs of users t8ken on the b8818 of thes8 finanoal statements. Thè extent to ￿lch our W￿￿uTeS are ￿patIe ofdeb*ng irregular￿88. y￿UdI￿ fraud, B detailed beh)w. The risk of MaleT1￿ rnisstslernent due lo or hud has been assessed in vhth how internal contro may mitigate any such risk These ts)ntrds are revpNed as part of the audit by perfoming systems walkthroughs to ensure IW are operating effect￿tIy. Other subslantibt testing is also pthnned on an mal8rial baLgnce8 and therefore any instance$ of noTrcomF4iance shwld be *Jenlifi811 or co￿ldered as insignifJcanL Manualjoumal entrie5 are 5c¥ub"nised as part of the audL The laws and regulations whith are Con￿dered lo be ￿gnIficant to the entity have been ￿ns￿lered. D5seussions a held managernenl to detemire whether any bre*S*s have ¢>x#jr￿d as well as logal expenditure being $cnrtinised any evidence on The audit was ojnsidered capab￿ of irwul81iiies Mly to extent of the SLknstwrtrbE testing performed and from di5oJss*Jns with mawenL A further desuiption of our responsibilities is availatle on the Finan￿1 Reporting CcAJncl8 webth aL https:11 ¥4ivw.fr¢.org.uklauditorsresF*Jnsilxliti8& This desuiption forms part of our a￿lIto¢S rep) THE HARRISON FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE HARRISON FOUNDATION Llse of aur report This report is madè solety to the charitable (xjmpanys memteT5, as a tthy. in acccthce wlth Chapter 3 of Part 18 oflhe Com￿10$ Act 2006. Our audit work has tr￿n ￿￿ertaken so that we might state lo the charitable companys members those matters we are required to state to them in an audTtorfs rÈport and for rw) other purwse. To the est 8xt8nt permitted by law. wa do not accept ￿ assume r&8ponsibitsty to anyone other than the tharitable company and the charitable companvs mwnbers as a LK#ty, for aLth worl for thi5 report or for th8 opinions we have foTm8d. tylo<- Ni¢holas Cunnlngham FCCA Isenior Slatutory Auditory for and on behalf of Rob50n LaldlorA¢Gountants Limited Fernwood House Femwood Road Jesmond N￿slIe upon Tyne TY￿ and Wear Engl￿d NE2 1TJ THE HARRISON FOUNDATION STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unvestrl¢tod Unrostrlcted funds funds 2023 2022 Ineome from: Donations and legaci8S Inv8Stm8nts 20,0 212,864 627.708 Tolal Income 627.768 232,864 dltuye on: Charitab]e a¢tivffj9$ 9)8.132 4,703,850 Net gain￿￿O$Se¥) on in￿trnenlS 21,688.230 Net {expendltureVlncomo for th8 ygarf Nèt movement in fund8 1280,364) 17217.244 Fund bala￿*S al 1 JanLMry 2023 17.7e6.707 549.463 Fund balances at 31 Dec￿ 2023 17,486.343 17.766.707 The stat•m8nt of financial actsvib8s irKludes al gawis recogni5ed in the year. Al I￿￿]mO and axF4nditu derive from contin￿n9 a(*ivitw. Th& statement of finan￿￿ actiwts8s also o)nW*s*ith the rnquinnents for￿ ￿K1 experhjtiure accisunl underthe Companies Ad 21Th. THE HARRISON FOUNDATION BALANCE SHEEr ASAT31 DECEMBER 2023 2022 Cuyrnnt assots Debtors Cash at bank and in harbj 10 73.688 17.416.120 18.763.n3 17.489.808 18.763.733 Crndltors: amounts falling duo T*Athln one year 11 (997.0261 Net current as8ets 17.486.343 17.766.707 In¢om& lund$ Unrestricted funds 17,486.343 17.786.707 17.486.343 17,766,707 These fmanaal statements have been pwred In Xc*Yda￿ the PmNiS1O￿ appli¢*le to ￿mPan18S subject 10 thg Small compaThes regimo. 24th September 2024 The financtal statements were approved tythe Trustees on ......................... Mr DG H8rrf8on Trustee Company reglstrdtion number 06281130 THE HARRISON FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 C•8h tlow8 from operatlng acO¥lU8s Cash ab80rt)ed by operations 14 (1,975.381) (3,888.504) Imiostlng a¢ttvllios Proceeds from disposal of Sn¥Bsthients Investrnent income re￿ved 21.688,230 212,884 627.76B Nel ¢ash generatsd Irom inv•sting a¢tlvitie8 627.768 21.￿1.[>94 Not ¢a•h us¢d in fman¢ing activilie Net (decrea￿￿nC1￿a$o In ¢uh and c•sh •qulval•nts (1,347,613> 18212,590 Cash and cash g]uiwalents at beL¥nning rAyear 18,763.T33 551,143 Cash and ¢a$h equivalents at end olyear 17.416.120 18,763.733 THE HARRISON FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEM8ER 2023 Accountlng pollcles Charlty inlomwtion The Plarrison Foundation 15 a piiv*e company limited by guarantee incorporated w) England and Wdl85. The wstered office is Higham Dykes Hall. Wlboume. Newcasfle Upon Tyno. Tyne and Wear, NE20 ODH. 1.1 Accountlng Convention The financial statements have been prepared in 3c£%Ydanca with the dpntys goveming documenL the compan￿ Act 2c￿, FRS 102 Tr8 FinancAal Reportt"ng StaThJard applica>le in the UK and Republic of Irelanrf fFRS 102.) and the Clwllies SORP -Accounting and ReportirMJ by char￿$S.. Statement of Recommended Practi￿ appficable to L*aiilies preparing their a￿Ounts in acoxdance with the Financial Reporfing SlaTrJard aptAicable in the UK and R8pubfic of Ireland (FRS 1￿), (effective 1 January 2019). The tharity is a Public BenÉfft Entity as defined by FRS 102. The fmane4al ststomths aTe prepared in $18rfmg. vthic* the funrJ#)nal ¢wrrffj of tho dwrity. Monetsry amounts in these finan￿￿ statements are rounded trj the nearest L The Harrison Foundation meets the dgfinit*Jn of a puith benefft entity enty under FRS 11r2. A8sets aNJ Ilabilitios are initsally recogni5ed at histori￿1 cost or transactron value unless Othe￿Se stated in the relevant ac£oLmting notels). The ¢>Jmpany has appled the fo￿l￿j a0)junti￿ pol 12 Golng con¢•rn The finandal statements have be￿ prepared crfj a I￿r￿*M basls on the ground that currant and future Sou￿$ of lunding or supwi will be rnore *uate for the charitys need5. The Trustees have Jn$idgr8d a perTod of 12 months from the batan(* sheet date and Ca)nsider no fvrther olsck)sures Tel8tlTrJ lo the charity's abllty to ￿ntInue as a going 1¥n￿rn T￿ed to t* made. 1J Charitable funds Unrestricted funds can be used in awdance vlith the tharitablg otiactiNES at the disuetion of the trustee& Restricted funds can only be used ts partb)j￿ restri￿ pury)Dses thin the otiecls of th8 charity. RestriGtions arise )¥hen sp8ofied by the domr orv4h8n funds are rai5&J for p811￿￿r restricted pur￿￿8. Further exF4analw)n ol the nalure and PLvpose of each fmd Is the r*)tes to the finan081 stal8ments. 1A Income All inwme Is recognised in the Strten￿rt of Firwicial Adr¥ts onc* the charity has entTUemerrt to the fvnds. it is probable that the In￿Me will bè roeeNed and thg ￿OUnt (an ￿ measured re￿ly. D￿alK)nS are reo>3nised ￿ the charity has been notifi8d in wriling of both the 8mounl and sett18ment date. In the event that a donatiw i8 suL4'ect to c))nd￿0￿5 that requ1￿ a level of performance by the charity before the charity entilled lo Ihe funds. the income deferred and Ml recognise)[￿lI￿On$ K8 whoty With￿ the ts)rrtrc4 of thg charlty and it is probable Ihat these f%)nd￿onS will te fulfiw ￿ the rekxxt.ng period. 10- THE HARRISON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Accountlng policies Iconllnugdl 1A ExpwMII￿rè Exp&nditure is ré¢ognised once there is a legal or cuth(*ve obfyalion lo transfer econom￿ benefft to a third party. tt Is probabk Ihat a transfer of ea))rthiic be required in sethemant. arkl th8 amount of obligafron can be measured reliabty. Expen(knJre 15 dassified by athty. The c08ts of aoibryty are madè up of the total of direct costs shared costs. in¢iudirwJ support t￿ts irM4ved in uThJertaknng actmty. tXre(* costs attributable lo a single actNity allocated %Yire¢tty to Ihal activity. Shared costs vthith cvntribLrte to more than one actNty and support costs whth are not att￿.butab￿ to a single appxxb'¢)ned bet¥￿n those acttvitias on a basis rx)nsislent with the use of resources. Central stsff are alkncated on the basis of time spent, and depreciation tharges are allocat8d on the portton of ihe assefs use. Ltablilies are recogrused as ex[￿lItyre as as 15 a W or constMctiv8 Obligath￿ ccmmitthThJ the charity lo that exp¢ndilure, it is probable that a transfer of ec(Jnomic beneffts will be required in selNemenl and th& amount of the obl￿allOn can be measured rdiabty. Expen¢Srture 15 aC￿Unted for on an acC￿al$ basis and has been dassiffed L￿der headings that ￿gregate all cosl rdated to the category. Where cKJsts cannot b• directy attsibuied to pariKtlar hgadiThJ$ they ha￿ been allocated to on a basis consistent ¥￿th the use of resources. Granls offw811 subl&# to co￿lI1k)n5 *thich have rnt been met at the year erld date are noted 88 a Commitme t￿1 not acuued as exwditwe. ChaTltable actlvluos Charitabl8 èxpenditure compiises those ￿sts ir￿￿￿ed by th& charity in the dglivgry of Its acttwlSes and services for its bènèfitxi8s. 11 irK4udes both costs IJ￿t can albcatsd dirècty to sud) activilies arbd those costs of an indkect nature nrtassary to SUFWt therrL Support costs Support cosls indudè centr31 functions 8nd been 8kn*ted to acbvity cost c*egorw on a ba$L8 consistent the use of T&￿r¢05, eX￿nple. albcatiThJ prowty ¢(*ts by 11)or areas. or per caplta, 8taff costs by th• b"mÈ $pent and othercosts by their usage. 1.6 Taxatlon As a tharity. the ￿)mpary L8 exempt from tsx on income gains to the extent that these we applled to ¢haTitable obiects. No tax charge5 ha￿ arisen in the charity. 1.7 D•btoY¥ Trade debtors are re0)gr￿Se￿ at tha SattIa￿ amount due after trade disr￿Unt offared. Prepa￿nants are valu8d at the amount prewd after tth'rYJ afxxjjnl ofary tradè di￿1￿￿S due. .8 Cash at bank and in hand Cash at bank and cash in hand indud8s cash and sw term lyghty fNuid investments wilh a short maturty of three months or less from the date of acquisitton or (wiing of the depM)STt or swnilaT 1.9 CrgdEtors and provtsions Creditors and provis￿$ are reccgnised whare the ¢h¥ity has a prosent ob￿at￿l￿ r85ulling from a past event that wll Probably resLIt in the transfer of funds lo a third party and the amount due to Sett￿ the obligation can be T￿s￿red or estimated rdiabty. Crethtors aThJ wovisi(ns are normally recognised at their settlemenl amount after altcming for ary tradg discounts dug. 11 THE HARRISON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations and legacle8 Totsl UnrestrKtsd fwjds 2023 2022 Donations 20,000 Unrostrlctod UnrBstrict•d nds fund8 2022 151,993 60,871 Interest wpNaile 627.76B 627,708 212.864 Exp¢n(lltrre on ch•rltablo actlvlll•s Ch•rltsblg Charftable •xpgnditure •xpgndlture 2023 2022 Dlrert ¢osts Computer costs 2.307 3,1)J5 Grant fuDJing of acthrtses (see note 5) 897,075 4.697.545 Sharn olsupwl and governan￿ ¢osts lseg not• 61 8,750 3,300 8.132 4.703.850 Analysls by fijnd Unrèstricted funds 8,132 4.703,850 -12- THE HARRISON FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Grants payable Charltablo Charitable xtivities athrties 2023 2022 Grarts lo institutions= B(q Issue Company Social Mobility P18dge &*o(As Trust Nwaslle Unrted Board of Education Foundation of Ltqht Chronide Sunshine F￿d Halo Foundalion kn¢ Tha Dales Sthool First Stop Dartington St Oswads Hosp Sick Children's Trust Open UnNerslty Other 30.000 30,000 180.0 f￿.000 S)1,362 4,￿Al,0L￿J 82.000 8.103 254.976 10,000 41,466 65,713 897.075 4.697,545 Other grants payab￿ are madè up ofsmaB8r gr¥ts p•J lo insliiubw. Suppjrtcosts alo¢4ted to actfvlll Charitabl• Total 2023 2022 GovemorK 8,750 3.300 2023 2022 Govwnan¢• Costs ¢omfv: Leg81 and yofess￿n81 Audit fees Bank ehargas 5.173 112 8,79) 3,300 Tr￿te NcTh of the trustees {￿ Wby pe￿Th 0)rTh(￿ vlilh them) recer￿1 any remuneration or benefits from the tharty during the year. -13- THE HARRISON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employ• The average ff￿thfy numbar oferkn during the year was: 2023 Numb•r 2022 Numbgr Total Am￿JnIS paid to person￿1 in the yeartclaled £nl12022: £nlD GaSns and10gses on Invostmonts funds 2023 nds 2022 GalnslOoss•s) Arising on: Sole of investment8 21.688.230 10 Debtors 2023 2022 Amounts falmng due wlthln one Prepayments and a¢c¥u8d inojrne 73.￿8 11 Creditors: amounts fallng du• wilhin one year 2022 AoJua16 and deferred inL) 997.026 Induded within aC(￿al$ and defèrred income is £nil 12022 . £993.726) In respect of granls agreed by the Trustees but not pabj before the year end. 14- THE HARRISON FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (coKfiNUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 12 Unrestricw funds Tho uN8Stri¢#8d ftmds oftho thwity comwi8e the ofdonatKffi$ grants %thich are not subjecl to spe(ifiG conditions by dc￿￿ and grantors as to how thèy rnay be used. These indude designated fvnds which have been set as￿le ouk of unrestrictad fvnds by thè trustees for specific purposes. At 1 J*nuary 2023 Incomlng Resources r•sourc•s •xpond•d Galns and At31 losses Docemb•r 2023 GOnw￿ ftjnds 17.766.707 827.768 19J8.132) 17.488.343 At 1 January kn¢omlng Ro$oUr￿ Gakns and 2022 rpsouTceB expend•d At31 D•¢omber 2022 Gener81 ￿ndS 232.864 (4.703.850) 21.688,230 17.706,707 There were no disdos*le ￿lated p•ty trnwa¢*ons Ojmg the year12022. rxine). 14 Cash generated frqKn op•rntions 2023 2022 (Defiejtysurws for the year (2802641 17217,244 Adju$tmonts for Investment rthme recognised in statamènt of ac*viiie8 Gain on disposal of investmants (627.768) {212,8641 (21,688,230) Mov8ments ￿ worthg I￿p￿tal. Uncreasel in debtors (Decrea5eifincrease in c¥o(fftors 173.688) 1993.561) 995,346 Cash absorbod by opornllon8 (1,975.381) (3.688.504) 15-