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|||||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|
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||||||||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|
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||||||||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|
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|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|
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|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|
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