COMPANY REGISTRATION NUMBER.. 06420929
CHARITY REGISTRATION NUMBER: 1127408
BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST
INDIES
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2023
SALEEMI ASSOCIATES
Chartered accountants
792 Wickham Road
Croydon CRO 8EA

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
10
Notes to the financial statements
11

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 December 2023.
Reference and administrative details
Registered charity name
BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST
INDIES
Charity registration number
1127408
Company reglstratlon number 06420929
Princlpal offlce and reglstered CIO The Barbados High Commission
office
1 Great Russell Street London
WC1B 3ND
The trustees
Dr. Mark Richards (Chairl
Mrs. Rosemarie Cadogan
Mrs. Elizabeth Mullings-smith
Mr. Rawle Parris
Dr. Cezley Sampson
Resigned on 15 Dec 2023
Independent examiner
Mohammad Ashfaq Saleemi 792 Wickham
Road Croydon CRO 8EA
Banker
HSBC Bank

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu6dJ
Year ended 31 December 2023
The Trustees, who are also directors of the charitable company, present their report and the
independently examined financial statements of the charity for the year ended 31 December 2023.
The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI
"Accounting and Reporting by Charities" in preparing the annual report and financial statements of the
charity.
Registered Charity Name and Registered Office
The full name of the charitable company Is The British Foundation for the University of the West Indies
(The BFUWII. Throughout this report the acronym BFUWI will be used to refer to the charilab
company, The British Foundation for the University of the West Indies.
The registered office and principal operating address of The British Foundation for the University of
the West Indies Is in the Barbados High Commission In London, as established under a Memorandum
of Understanding with the Government of Barbados. The address is as follows".
1 Great Russell Street
London
WC1B 3ND
Structure, Governance and Management
The Charitable Company
The British Foundation for the University of the Wesl Indies IBFUWII is a company limited by
guarantee with no share capital, registered In England and Wales (Company Registration No.
64209291 and registered as a charity Icharity Registration No. 11274081.
Goveming Document
The company was established under a Memorandum of Association which established the objects and
powers of the charitable company and is governed under its Articles of Association. A copy of these
Articles of Association resides in the BFUWI office, 1 Great Russell Street London.
Patrons
Sir Shridath Ramphal former Commonwealth Secretary General was the first patron and co-founder of
The British Foundation for the University of the West Indies.
Our other esteemed patrons include Mr. Andrew Ramroop OBE and the 12 English speaking
Caribbean High Commissions in the United Kingdom namely.. Antigua and Barbuda, The Bahamas,
Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, St Kitts and Nevis, Sl Lucia, Sl Vincent and
the Grenadines and Trinidad and Tobago, as represented by their serving High Commissioners and
Mission Leads.
Trustees
The Iruslees who served during the year and to the dale of this report were..
Mrs. Rosemarie Cadogan
Mrs. Elizabeth Mullings-smith
Mr. Rawle Parris
Dr. Mark Richards
Dr Cezley Sampson- resigned on 15 December 2023

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu6dJ
Year ended 31 December 2023
The trustees {directorsl, who are the key management team for the charitable company, do not
receive any remuneration.
Objectives and Activities
Objectives
The BFUWI through its activities, aims lo catalyse and strengthen the relationships within the wider
Caribbean Diaspora in the UK, enable a better understanding of our shared cultural heritage and
facilitate wider access lo learning and development. The charitable objectives of the BFUWI fulfil both
public benefit and charitable obligations. The BFUWI objectives as follows".
To contribute lo the cultural, educational and social enrichment of the Caribbean
Diaspora community In the United Kingdom,
2. To enable the Caribbean diaspora in the UK to have access lo the skills and training
which The UWI offers,
3. To raise funds lo provide scholarships and bursaries. to Caribbean Diaspora in need
and for scholastic endeavors al The UWI which enable regional growth and
development.
Due lo the small size of the charity, the trustees collectively manage all business related lo our
operations and meet quarterly. The Board of Trustees works with volunteers in developing our events
and community engagement. The day-lo-day administration of the office is undertaken by a volunteer
Office Coordinator, Ms Deidre Herbert, who oversees all office functions and provides site support at
BFUWI events. The charity actively fundraises and is in receipt of donations from the public lo help the
charity fulfil is charitable objects. The trustees exercise prudent stewardship of the charity's resources
in fulfilment of our charitable objects.
Activities for the period under Report
An important activity of the BFUWI is ils contribution lo the improvement in the
educational achievements and atlainmenl of Caribbean and other disadvantaged
students in the UK. Work in this area has focused on raising our profile among the
diaspora which we have achieved through the following themes..
Educational activities
Cultural and social events
Public representatives and researchers from Lectures from Academic the UWI
Over previous years we have organized several successful events under these themes. However, for
the period of this report the BFUWI did not host any activities.
Policy Updates
The focus this year has been mainly on operational strengthening. As such effort has been employed
to ensure that the charity is compliant and well positioned lo enable its charitable objects. Policy
documents centred around the management of charitsble funds have been updated lo reflect the
requirement. The Charity is in receipt of donations for the purpose of the provision of scholarships, as
such, the Iruslees are aware of the need lo mitigate the risk of money laundering by implementing an
anti-money laundering IAMLI policy that incorporates the following
Rlsk Assessment: Enabling the charity lo conduct a thorough assessment of the AML risks,
taking into account factors such as donation sources, fundoising aclivilies, and international
Iransaclions. This assessment procedure will help the charity identify areas of vulnerability
and instruct and inform control measures.

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu6dJ
Year ended 31 December 2023
Donation Acceptance: Establish clear procedures for accepting and vetting donations. This
includes a requirement to undertake due diligence on both the donors and the sources of
funds lo ensure their legitimacy. This due diligence process helps miligale the risk of
inadvertently receiving funds derived from criminal aclivilies.
Financial Activity Monitoring: Implement mechanisms lo monitor financial activities within
the organizalion, especially large cash transactions, wire transfers, and international
transactions and lo obtain from the beneficiaries
Beneficiary reporting: An important aspect of the AML is the receipt of proof from all
beneficiaries on the re￿Ipt of funds and proof of the funds being used for intended use.
The charity is seeking additional advice on AML lo ensure that best endeavours are being applied.
As the charity is in receipt of donations for the purpose of the provision of scholarships, the trustees
are aware of the need lo have in place a Grant Award Policy. It was the intent to have this complete
and fully operational, but there was need lo understand the changing landscape of the beneficiary and
to ensure that the reporting pathways referred to in a Grant making Policy and scholarship
agreements were aligned lo the operational framework of our Main beneficiary. It is our intent to have
this in place by the end of the year lo ensure that the charity is compliant and transparent in its grant
making process, inclusive of the requirement for all beneficiaries to report annually on the progress of
scholarship recipients as per the scholarship agreements.
Public Benefit
Although the BFUWI is a relatively small charity, it has enabled robust relationships through friend
making and past fundraising, with a focus on the reconnection of alumni and friends of the UWI in the
UK.
Strategic Report
The following sections for achievements and Performan￿ and financial review form the strategic
report of the charity.
Achievements and Performance
Main achievements for the charity have not been cenlred around public events, but have been
focused on operational streamlining post Covid-19.
Achievements for the reporting period include.
Registration of the charity for Gift Aid with HMRC
Updating document storage and database safeguards
Updating charity policies and procedures
Financial Review
The charitable company is financially healthy and can meet its future obligations. During the year,
there were no significant events that negatively impacted on the financial position. The Iruslees do not
anticipate any significant changes to the activities of the charitable company in the foreseeable future,
al least twelve months from the date of signing the financial statements, hence, the Iruslees continue
to adopt the going concern basis in preparing the financial slatemenls. However, il is noted by trustees
that the charitsble company does not have in place a reserves policy. To this end il was agreed that
going forward the trustees prepare a reserves policy in the upcoming financial year.

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu6dJ
Year ended 31 December 2023
Income.. Donations and Legacy
The charity received substantial income for the year under reporting, in the form of regular donations,
donations for a specific UWI Alumni Endowment and a bequeathment. For the year under ￿POrt, the
Charitable Company received £297,500 as restricted funds and £16,478 as unreslricled funds.
To enhance our large lump sum bequeathment income, Trustees, agreed to place it into a secured
money market account, where it is Irealed as an investment that matures monthly and then is
re-invested for another month, on a rolling basis until instructed otherwise. This was to enable the
charity to grow this restricted fund, while the instructions as outlined in the will of the bequeslor are put
in pla￿.
Donations
UK-based alumni of the faculty of Medicine, University of the West Indies, donated £50,000 to the
BFUWI lo be gifted lo The UWI Medical Alumni Association Endowment. This donation benefited from
Gift Aid which was facilitated through the Charitable company's successful registration with HMRC for
Gift Aid. The total amount issued by the BFUWI as a grant lo The UWI Medical Alumni Association
Endowment was £47,500 IUS$56,947.721.
Future Plans
The Iruslees expect funding to continue and therefore grants to continue to be made in the future and
do not anticipate any factors will adversely affect the financial position of the charitable company going
forward.
Trustees Responsibilities
The Iruslees, who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel.
Company law requires the charity trustees lo prepare financial statements for each year which give a
true and fair view of the stale of affairs of the charitable company and the incoming resources and
application of reSoUr￿s, including the income and expenditure, for that period.
In preparing these financial statements, the Iruslees are required to..
select suitable accounting policies and then apply them consislenlly",
observe the methods and principles in the Charities SORP 2019IFRS 1021.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting stsndards have been followed, subject to any
material departures disclosed and explained in the financial slatemenls",
prepare the financial slalemenls on the going concern basis unless it is inappropriate to
assume that the company will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and lo enable them
to ensure that the financial slalements comply with the Companies Act 2006. The Iruslees are also
responsible for safeguarding the assets of the charity and taking reasonable steps to prevent fraud
and other irregularities.

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continu6dJ
Year ended 31 December 2023
The Iruslees. annual report and the strategic report were approved on 301h Oct 2024 and signed on
behalf of the board of trustees by..
E Mullings-smith
Trustee
M Richards
Trustee

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of BRITISH FOUNDATION FOR
THE UNIVERSITY OF WEST INDIES
Year ended 31 December 2023
I report lo the Iruslees on my examination of the financial statements of BRITISH FOUNDATION FOR
THE UNIVERSITY OF WEST INDIES I'the charily'l for the year ended 31 De￿mber 2023.
Responsibilities and basis of report
As the trustees of the company land also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 20061'the 2006 Acl'l.
Having satisfied myself that the accounts of the company are not required lo be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examlner's statement
Since the charity s gross income exceeded £250,000 your examiner must be a member of a k)ody
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
because l am a member of the Inslilule of Chartered Accountsnts in England and Wales IICAEWI,
which is one of the listed bodies.
I have completed my examination. I confirm that no mallers have come to my attention in connection
with the examination giving me cause lo believe..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act,. or
the financial statements do not accord with those records., or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which
is not a maller considered as part of an Independent examination., or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordanTr with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of BRITISH FOUNDATION FOR
THE UNIVERSITY OF WEST INDIES Icontinuedj
Year ended 31 December 2023
I have no concerns and have come across no other matters in connection with the examination to
which allenlion should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
ee
MASaleÈmi (Ott 30, 2024 14..46 GMT)
Mohammad Ashfaq Saleemi
Independent Examiner
792 Wickham Road
Croydon CRO 8EA
30th Oet 2024

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2023
2023
Restricted
funds Total funds Total funds
2022
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Investment income
Other income
15,533
945
297,500
313,033
945
1,265
Total income
16,478
297,500
313,978
1,265
Expenditure
ExpendilLJre on raising funds..
Costs of raising donations and
legacies
Expenditure on charitable activities
Total expendlture
47,500
47,500
1,560
9,10
1,560
305
1,560
47,500
49,060
305
Net income and net movement in funds
14,918
250,000
264,918
960
Reconciliation of funds
Total funds brought forward
Total funds carried forward
11.786
11,786
10,826
26,704
250,000
276,704
11,786
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The note5 on pages 11 to 18 form part of these financial ststements.

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
2023
2022
Note
Current assets
Cash at bank and in hand
277,304
12,386
Creditors: amount$ falling due within one year
Net current assets
15
600
600
276,704
11,786
Total assets less current liabilities
276,704
11,786
Net assets
276,704
11,786
Funds ofthe charity
Restricted funds
Unreslricled funds
250,000
28,704
11,786
11,786
Total charity funds
16
276,704
For the year ending 31 December 2023 the charity was enlilled to exemption from audit under section
477 of the Companies Act 2006 relating lo small companies.
Directors. responsibilities..
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476",
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect lo accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
eompanies subject lo the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 30th
Ocl 2024, and are signed on behalf of the board by..
fvffvji
E Mullings-smith
Trustee
M Richards
Trustee
The note5 on pages 11 to 18 form part of these financial ststements.
10-

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
General information
The charity is a public benefit enlily and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the
registered office Is Barbados House, 1 Great Russell Street, London, WC1 B 3ND.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 1021 (Charities
SORP IFRS 10211 and the Companies Act 2006.
Accountlng pollcles
Basls of preparatlon
The financial ststemenls have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entrfy.
Going concern
There are no material uncertainties about the charity's ability lo continue.
Fund accounting
Unreslricled funds are available for use at the discretion of the trustees lo further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the Iruslees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes.. reslricled income funds or
endowment funds.
11

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Accounting policies (continued)
Incoming resources
All incoming resour￿5 are included in the statement of financial activities when enlillemenl has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow lo the charity and the amount Can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is eviden￿ of enlitlemenl to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and enlillement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical lo measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as Ljnrestricted funds unless there is a conlraclual
requirement for il lo be spent on a particular purpose and returned if unspent, in which case
il may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which il relates..
expenditure on raising funds inclLJdes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs Incurred by a charity in undertaking
activities that further ils charitable aims for the benefit of ils beneficiaries, including those
support costs and costs relating lo the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated lo expenditure cal￿OrIeS reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned
between the activities they Contribute lo on a reasonable, justifiable and consislenl basis.
12-

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Accounting policies (continued)
Tangiblg assgts
Tangible assets are Initially recorded al cost, and subsequently staled al cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded al the fair value at the dale of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which il offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Equipment
150/0 reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting dale, with the recoverable
amount being eslimaled where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting dale.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generaling unil lo which the asset belongs. The cash-generating unil is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment lesling of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating Ljnits that are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned lo those units.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
13-

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected lo be paid or re￿iVed and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably. the investment is subsequently measured at fair value with changes In fair value
recognised in income and expenditure. All other such investments are subsequenlly measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed al a rate of interest
that is not a market rate, in which case the asset is measured al the present value of the future
payments discounted al a market rale of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial aclivits'es, with the ex￿ptIOn of hedging instruments in a
designated hedging relationship.
Financial assets that are measured al cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objective evidence of impairment, an
impaimienl loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significan￿, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characlerislics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exTreds what the carrying amount would
have been had the impairment not previously been recognised.
Limited by guarantee
Company is limited by guarantee wthout share capital. The liability of each member is limited to
£1. The company is a registered charity under the Charities Act Iregistered charity number
11274081.
Donatlons and legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
Gift aid
2,678
12,500
297,500
300,178
12,500
14-

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Donations andlogacies (continued)
Unreslricled
Funds
Restricted Total Funds
Funds
2023
Subscriptions
Membership fees
355
355
15,533
297,500
313,033
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Donations
Gift aid
Subscriptions
Membership fees
Investment income
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2023
Funds
2022
Income from cash investments
945
945
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Other income
1,265
1,265
Costs of raising donations and legacies
Restricted Total Funds
Funds
2023
Restricted Total Funds
Funds
2022
Donations paid
47,500
47,500
15-

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
Expenditure on charitable activitigs by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Support costs
1,560
1,560
305
305
10. Expenditure on charitable activities by activity type
Support Total funds
costs
2023
Totsl fund
2022
Charitable activities
Governance costs
960
600
960
600
300
1,560
1,560
305
11. Independent examination fees
2023
2022
Fees payable to the independent examiner for..
Independent examination of the financial statements
600
12. Staff costs
The average head count of employees during the year was Nil12022.' Nill.
No employee received employee benefits of more than £60,000 during the year12022'. Nill.
13. Trustee remuneration and expenses
None of the trustee or management committee member were remunerated or paid any
expenses.
14. Tangible fixed assets
Equipment
Cost
At 1 January 2023 and 31 December 2023
Depreciation
At 1 January 2023 and 31 December 2023
Carrying amount
At 31 December 2023
743
743
At 31 December 2022
16-

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
15. Creditors.. amounts falling due within ong year
2023
2022
Accruals and deferred income
600
600
16. Analysis of eharitable funds
Unrestricted funds
At
1 January 20
23
At
31 Decembe
r 2023
Income Expenditure
Geneol funds
11,786
16,478
11,5601
26,704
At
1 January 20
22
At
31 December
2022
Income Expenditure
General funds
10,826
1,265
13051
11,786
Restricted funds
At
1 January 20
23
At
31 Dgcembg
r 2023
Income Expenditure
Restricted Fund
297,500
147,5001
250,000
At
1 January 20
22
At
31 December
2022
Income Expenditure
Restricted Fund
17-

BRITISH FOUNDATION FOR THE UNIVERSITY OF WEST INDIES
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
17. Analysis of not assots between funds
Unreslricled
Funds
Restricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
27,304
16001
26,704
250,000
277,304
1600}
276,704
250,000
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Current assets
Creditors less than 1 year
Net assets
11,786
11,786
11,786
11,786
18-