| Page No | ||||
|---|---|---|---|---|
| Trustees' | Report | |||
| Introduction | 1 | |||
| Objectives end | Activities | 1-2 | ||
| Achievements | and Performance | 3-9 | ||
| Financial Review |
9-10 | |||
| Plans for the Future | 11 | |||
| Structure, Governance | and Management | 10-13 | ||
| Statement ofTrustees' | Responsibilities | 14 | ||
| Independent Auditors' |
Report | 15-18 | ||
| Statement of Financial | Activities | 19 | ||
| Balance | Sheet | 20 | ||
| Statement ofCashflows | 21 | |||
| Notes to the FinancialStatements | 22-29 |
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| 31st March | 30th | November | ||||
|---|---|---|---|---|---|---|
| 2023 | 2021 | |||||
| Note | f | f | f | f | ||
| FIXED ASSETS | ||||||
| Tangible assets | 10 | 5,733 | 1,757 | |||
| CURRENT ASSETS | ||||||
| Debtors | 11 | 138,425 | 348,159 | |||
| Cash at hand and in | bank | 3,906,047 | 2,645,520 | |||
| 4,044,472 | 2,993,679 | |||||
| CURRENT LIABILITIES | ||||||
| Creditors: Amounts | falling due within | |||||
| one year | 12 | 2,240,331 | 1,296,128 | |||
| Net current assets | 1,804,141 | 1,697,551 | ||||
| NET ASSETS | f1,809,874 | E1,699,308 | ||||
| THE FUNDS OF THE | CHARITY | |||||
| Restricted funds | 16 | 1,254,063 | 1,111,637 | |||
| Unrestricted funds |
16 | 555,811 | 587,671 | |||
| TOTAL CHARITY FUNDS | 16 | f1,809,874 | f1,699,308 |
| Page ( 21 |
|||||||
|---|---|---|---|---|---|---|---|
| 16Months | 12Months | ||||||
| 2023 | 2021 | ||||||
| Notes | f | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||||
| Net cash used in/(provided by) in |
operating | ||||||
| activities | 1,238,417 | 421,326 | |||||
| CASH FLOWS FROM INVESTING ACTIVITIES | |||||||
| Banklnterest | 31,733 | 159 | |||||
| Purchase ofTangible Fixed Assets |
(9,623) | (999) | |||||
| Net cash provided by investment |
activities | 22,110 | (840) | ||||
| CHANGE IN CASH AND CASH EQUIVALENTS |
|||||||
| IN THE F'INANCIAL YEAR |
1,260,527 | 420,486 | |||||
| Cash and Cash Equivalents at the |
beginning | ||||||
| ofthe financial year | 2,645,520 | 2,225,034 | |||||
| Cash and Cash Equivalents at the |
end | ||||||
| ofthe financial year | 63,906,047 | 62/645, 520 | |||||
| NOTES TO THE STATEMENT OF | 2023 | 2021 | |||||
| CASH FLOWS | f | f | |||||
| A) Reconciliation of Net Expenditure |
to Net | Cash Flow | from | ||||
| Operating Activities |
|||||||
| Net income to Net Cash Flow | |||||||
| From Operating Activities |
|||||||
| Net Income for the Financial Year | 110,566 | 243,056 | |||||
| Adjustments for - Depreciation |
5,647 | 1,347 | |||||
| Bank Interest | received | (31,733) | (159) | ||||
| Decrease/(Increase) | in | Debtors | 209,734 | (95,980) | |||
| Increase | in Creditors | 944,203 | 273,062 | ||||
| Net cash used in/(provided by) Operating |
Activities | f1,238,417 | F421,326 | ||||
| 8) Analysis of Cash and Cash Equivalent |
|||||||
| Bank Current Accounts | 1,956,047 | 1,695,520 | |||||
| Bank Deposit Accounts | 1,950,000 | 950,000 | |||||
| 63,906,047 | 62,645,520 |
| 12Months 2021 | |||||||
|---|---|---|---|---|---|---|---|
| 16Months | 2023 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| f | E | E | |||||
| 2. | GRANTS AND DONATIONS | ||||||
| Donations | 186,457 | 186,457 | 122,285 | ||||
| Grants | 2,193,320 | 2,193,320 | 1,475,822 | ||||
| f186,457 | f2,193,320 | f2,379,777 | f1,598,107 | ||||
| 3. | INVESTMENT INCOME | ||||||
| Bank interest | f4,760 | f26,973 | f31,733 | f159 | |||
| 4. | RESOURCES EXPENDED ON | ||||||
| CHARITABLE ACTIVITIES | |||||||
| Grants payable —Fellowship | Payments | 22,197 | 1,701,359 | 1,723,556 | 1,029,615 | ||
| Support costs (see note 5) | 577,388 | - | 577,388 | 325,595 | |||
| f599,585 | f1,701,359 | f2,300,944 | f1,355,210 |
| 16Months | 12Months | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2021 | ||
| Fundsf | Funds f |
Total Funds |
Total Funds |
||
| f | |||||
| SUPPORT COSTS | |||||
| Administrative support |
406,732 | 406,732 | 252,278 | ||
| Rent, light and heat | 26,667 | 26,667 | 20,000 | ||
| Bank charges | 454 | 454 | 266 | ||
| Telephone | 2,343 | 2,343 | 2,144 | ||
| Printing, postage and stationery |
7,882 | 7,882 | 3,744 | ||
| Depreciation | 5,647 | 5,647 | 1,347 | ||
| Insurance | 2,166 | 2,166 | 1,524 | ||
| Legal and professional | fees | 8,068 | 8,068 | 5,550 | |
| Tn&st development | 16,706 | 16,706 | 6,492 | ||
| Meetings and expenses |
16,468 | 16,468 | 6,626 | ||
| Subscrlptions and publicity |
4,030 | 4,030 | 1,962 | ||
| Website costs | 948 | 948 | 666 | ||
| Staff training | 1,870 | 1,870 | 4,899 | ||
| Sundry expenditure | 3,252 | 3,252 | 3,759 | ||
| Daphne Jackson Trust | Confcrcncc | 62,768 | 62,768 | ||
| Auditors' remuneration |
-Audit | 7,548 | 7,548 | 6,864 | |
| Trustees and Committee | |||||
| Members costs | 3,839 | 3,839 | 7,474 | ||
| f377,388 | f | f377I388 | f323~393 | ||
| NET INCOME | |||||
| ISSTATED AFTER CHARGING | |||||
| Auditors' remuneration |
—Audit | 7,548 | 7,548 | 6,864 | |
| Depreciation | 5,647 | 5,647 | 1,347 |
| 16Months | 12Months | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2021 | |||||||||||
| Total Funds | Total Funds | |||||||||||
| f | E | |||||||||||
| Gross | wages | 370,790 | 231,232 | |||||||||
| Employer's | national | insurance | costs | 25,205 | 14,397 | |||||||
| Pension contributions | 10,737 | 6,649 | ||||||||||
| 6406,732 | 6252,278 | |||||||||||
| 2023 | 2021 | |||||||||||
| The | average | number | of employees, | No. | , | FTE | No. | FTE | ||||
| analysed | by function | was: | ||||||||||
| Administration | ofcharitable | activities | 7 | 12 | 7 |
| FIXED ASSETS | Computer | Office | |||
|---|---|---|---|---|---|
| Equipment E |
Equipment f |
Total E |
|||
| Cost | |||||
| At 1st December 2021 | 14,936 | 1,735 | 16,671 | ||
| Additions | 8,831 | 792 | 9,623 | ||
| At 31st March | 2023 | 23,767 | 2,527 | 26,294 | |
| Accumulated | Depreciation | ||||
| At 1st December 2021 | 13,284 | 1,630 | 14,914 | ||
| Charge forthe | period | 5,348 | 299 | 5,647 | |
| At 31st March | 2023 | 18,632 | 1,929 | 20,561 | |
| Net book value at 31st March 2023 | E5,135 | 6598 | f5,733 | ||
| Net book value at 30th November | 2021 | 61,652 | 6105 | El,757 |
| 31st March 2023 | 30th November 2021 | ||||
|---|---|---|---|---|---|
| Total Funds | Total Funds | ||||
| f | f | ||||
| 11. | DEBTORS | ||||
| Debtors- Amounts | due from Sponsors | 118,007 | 329,672 | ||
| Other debtors | 325 | 3,045 | |||
| Prepayments | 20,093 | 15,442 | |||
| E138,425 | f348,159 | ||||
| 12. | CREDITORS | ||||
| Trade creditors | 276,781 | 143,112 | |||
| Grants payable- | Fellowships | 302,262 | 269,695 | ||
| Accruals | 15,105 | 10,634 | |||
| Deferred income | 1,531,603 | 723,274 | |||
| Other taxes and | social security | ||||
| Other creditors | 114,580 | 149,413 | |||
| f2,240,331 | f1,296I128 |
| 2023 | Tota I funds | Transfers | Total funds | |||
|---|---|---|---|---|---|---|
| brought | Total | Total | between | carried | ||
| forward | Income | Expenditure | funds | forward | ||
| Restricted funds | ||||||
| Grants payable to | ||||||
| Fellows | 1,111,637 | 2,220,293 | (1,701,359) | (376,508) | 1,254,063 | |
| Unrestricted | ||||||
| funds | ||||||
| General fund | 587I671 | 191,217 | (599,585) | 376,508 | 555,811 | |
| Totalfunds | E1,699,308 | E2,411,510 | E(2,300,944) | E1,809,874 | ||
| 2021 | Total funds | Transfers | Tots Ifunds | |||
| brought | Total | Total | between | carried | ||
| forward | Income | Expenditure | funds | forward | ||
| Restricted funds | ||||||
| Grants payable to | ||||||
| Fellows | 1,004,922 | 1,475,822 | (1,017,284) | (351,823) | 1,111,637 | |
| Unrestricted | ||||||
| funds | ||||||
| General fund | 451,330 | 122,444 | (337,926) | 351,823 | 587,671 | |
| Total funds | E1,456,252 | f1,598,266 | E(1,355,210) | E | - | E1,699,308 |