Charity RegistrAtion Number 1135961 THF. EIGHTEE4 N FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
'rHE EIGIITEEfi FUND FINANCIAL STATEMEN'rs F()R THE YF.AR ENDED 31 MARCH 2024 l,1):X Page I ruiteeb Report IndepLndL'nt Examiner .4 Report %ialLinLnl c)1" financial ALlii'ities BalanLL Sheei Nc)l¢s to Ihe financial Siaiemenls
THF, EIGHTEF.N FUND FINANCIAL.STATEMF.NTS FOR THE YEAR F.NDF,D.11 MARCH 2024 TRUSTFF.S' RF.PORT Trustees The trustees diiringF the pcriod wcre Andrew Raslibass Ja¢queline Raslibass Llic Rashbass "I'he addrcss ot. the trust is 17 Wj'keham Road, L()ndon NW4 2'rB. Aiidrcth. Rashbass madL pcrsonal donations ol" £l1.189 (902.1.. £201.9171 to tlic iriisl diiriijg tIIc PLri()d. .lacLiu¢linL' Rashbass ma(Ic pcrsonal d()iiaii()ii% i)I' LII.-3Y4 121)?.3.. £Nil ) t() thL' tru%1 diiringy IhL' peri()d. Elic Ela%hba%s Inadc pcr%iinal d()IialiOllS ()I' LNil ?1)?.3.. £1 .00(I ) t() tlIL Iru%i durin&) tlic period. l)i)nalii)ns ()1. £149.700 (20?3'. £N il } wcrc madc tu ihL Lharily Iruni a liind ot" w'hich ihe threc trusiCCS arc also Irustees. Structure, (¥OI'ern#nce and Management I'hc trust V¥as sct up bs, a dcLd dated 9 Ma), ?0 l () and rcglistcred as a charity ii'ith Ilie Cliarity Coinmis%ioii ()n 17 Ma). 2010 undcr tlie nanil Rashbass F'(ImilJ I rii%l. .1 IIL charitN' changFed it% name t() "I'he Eigihtceii l.und on I l Marcli ?018. The tnistces meet rcgiiilarly to reN'iew appliLalii)Ii%. ()versec the actiN'itics ()1" thL' tru41 and c()n%ider ii'heihL'r thL're are any risks lo whiLh ilic Lliaritv is exposed w'hich rcquirL' tlic cstabli.%hment ot. s)'slems or proccdurcs nccLssaTh' In IllLinagie ihosc ri.sks. Objectives and Actii'itie8 "I'he objcLts ol" the tru51 ¢ire The prcN'cnti()n i)I" rcliel. ol. poverf),: 'rhe advancL'ment ()I' eduLalion: The adv(IllLeincnt of rclig?ion: 'I"he adN'<incemcnt ()t' healih or the saving ol" liN'e8: The rclict- nl" Ih()8e in iieed. b!, re¢lson of liouth. age. ill-he¢11th. disabilitN'. finanLi(Il hard8hii) or oihcr disadvantagyc: and An), otlier purposc.s currenil), r¢cognisLd as charitable and any lic charitablc purposes whi¢h are siniilar to another Lliariiable purpose.
THE EIGHTEEN FUND FINANCIAL 6iTATF.,MENT.S FOR TIIF YEAR ENDF.D 31 ,MARCH 202.1 TRIISTb:Tr:S' RF.I)()RT (COh'TlIJ IIED) I"hL prinLipal ilctivities ol. thc charit)- 'ere ilie L)ranlingi ol" donations to aLhiLve tlie objL'CtiN'es abi)i'e. 'I'hc Iruslees are a,are ol. the Charili, Commissioii guidanLe ()n publiL bLlIL I Il reportingj as SLt out in %¢Llioii 4 Charilies ..Ict ?0 I i . "rhe Irusiees belie.e Ilicll Ihe Lli<iritN (ILhi¥l'LS a publiL bLiietit ihrougj li IhesL objLLlii'es. l)urin&? IhL perilid. i()ial inLomingJ resourLes 'ere £189.?83 1?{)?3: £253.794) tr()m hiLh gjrdnls ot"£?33 ?04 (?0?3: £?14.4?0) iiere mild¢. I"hcrL' ¢ir¢ ni) desigJnalL'd resLri'es. Plans f(Ir Tr uture Periody The aLlii'ilies tor I'Liiure pL'riods will continue to be the gjrdnlingi ot. donaiion% iii pursuaiiL¢ ()I' Ilie IrLisI' S c)bjeLliI'es. SigpiiLd ()n g IyosLrf]¥er ?024 JAC'Q)I IF"LINI-' RASIIIIASS ()11 b¥hiil I. ()I' Ihe Trustces
THF. EIGHTEEN FUND CHARITY NUMBF.R 1135961 INDb.PENDF.NT EXAMINER'S REPORT TO THF. TRUSTF.ES OF THr. F,IC.HTF.EN FUND I rep()rt i)n the aLLounts of Ihc trusl lor Ihc ycar ended 31 March 20?4. which are sel oiil on pages S lo Rtspective Reyponsibili¢i¢s of Trustees and Indepcnd¢Dt Examiner A.4 IhL iruslcLs ()f ilic Lharily.. )'()u are re%ponsiblc for Ihe prLparati()n of ihe financial s1<lteiiicntq in acc()rdancL' with Ihc re4uircmcnls of thc Charili¢5 Acl 2011 I'ihe 201 l A¢t"). I report in respcct of m), cxaminatioll of Ihe cliaril) 8 accounts as carried oul undcr sccli()n 14.5 ol- Ihe ?01 l Act Jnd in cam'in¥i {iul In). e.iamiiiation I have followcd Ihc Dircclion.4 ¥iven b Ilie Charilv Coinmissi()n under %eLlion 1451 Smb) of IliL 201 l Acl. IJ4sls Df independent exAmln¢r' repTrrl Mil examination ivaq carried i)ut in aLLnrdance ii'iih Ihe general l)ir¢ctions glii'en bs, the C.harilv Cuiiiinis%i()n. An examinalion includes a reviciv of the accountingy records kepi by the charily and a comparisori of Ihc acLoiin15 presenicd M'iih ihose reLords. li als() include5 con5ideralion of ans. iilliisLiuI iILn)4 or di%LIo.SLires in tlie accoLinl%. iiiid se¢king¥ explaiiq¢ li(11)s from iou as Irii.4lces c()nccmii)LY an), siicl) mallers. 'I'he procedures iinderlaken do not provide all IliL Ll'idcnc¢' Ihal M'oiild be rLquir¢d iii &in aii(lil dnd c0115cqiieiiili no opinion is bj iveii as lo ii'hciher the accounts preseni a 'lrue arid fair viem aiid Ihe r¢pofl is limited lo Ihosc matters scl oiil iii the 8iaiemenl belo. Independent txmiher's $14temenl Since the charity's gross income exceeded £2$0.000 your cxaininer mu.41 be a meinbcr ol. R biKly lisled ill 5eclioi) 145 0l-thL. 201 l Acl. I conlinn Ihat l quali ficd lo uiidcrt.Ik'e the cxani incqlion hucaii%e l am a Ineinber of (h¢ Inslitulc of L'hartercd Accouiitanl% in Lnb,land aiid Walcs ( IL'AI.-W). whiLh 14 1)iiL' of IhL l i%ted bc)di¢s. I havL LoiiiplLILd m), cxaniinalion. I coiilim) Ilial no mallers hii I'c comc 10 my aiicnlioii in conneLlion with the exani ination giving ML caiisc 10 bclievc Iliai in an). Inatcrial re5pccI'. accounting? records were nol kepi in r¢speci of the Lhariiy as required b), 5¢clion 130 of Ihc 2011 Act: or thc financial staiemenls do not accord with those records: or the linaiicial 51alLmenls dii not LomplN H'iih tlic aL¢ounliiigy rcquircmci)Is coiiccming (he l()nn and conlenl of ¢iccoiinl5 Set oul in the ('liui'iliL.s l..Ic'c'¢Jiiiil.s uiid RL'ix?i'l.il RL'AiiIILIlji?17.4 ?1}{)N (IihLr Ilian aiiy rcquirement thai the accounis giive a 'lrLle ai)d fair, vi¢ii' which not a In(Illcr Lonsidered as part of an Indei)dent examination. or I havc no concerns and have CnTne across no niher maiicrs in c(Inncclioii with the examinalion lo ivhich alleniion slioiild bc draii'n in thi% rcp()rt in order lo cnablc a proper undcr4landing ()f the acc()iints l(Tr be reached. .lustin Cow&n, FCA l)ale: Q l(Lg Albeck Limited CharterL.d Accouni¥1nls 49 Moii'bruy Road E*dgivare MiddleSL'X FIAS 8JI.
THE EIGHTEEN FUND (Charity Registration Number 1135961 STATENIENT OF FINANCIAL ACTIVITIES FOR TFIE YFAR ENDED 31 .M.4RCH 2024 2024 2023 Incoming resources Incoming resvurLe5 from generated funds Donaiions receii'ed Inland ReN'enu¢ ta.x repa)'menl Bdiik inl¢r¢st receii'ed 189.?83 9.896 -396 199.i75 ?0?.917 50.479 398 253.794 Re%uurLey expended ('IILii'il¢ihlL' .4L'Iii'iiiL'.% C hiiritable gr£inls (Iii'arded Adminislraiii'e expenses ProlLssi()Iial lees 233.?04 96 360 ?3).660 214.420 107 ?14.887 Movement in funds (34.085) 38.907 Total funds brought furn'ard 178.998 140.091 Total funds carried foni'ard 144.913 178,998
THE EIGHTEEN FL'ND (Chariti, Regi.stration Ni umber I1.1.$961 BALANCE SHEET AG• AT 311 M ARCH 2024 2024 202.3 CURRENT ASSF,T6 Gitt Aid receivablc 9.896 Cash at Baiik 1.35.377 1 ?8.9.31 145.273 140.451 C.URRENT LIABILITIE( ALLruals (360> (3C)n) NET ASSETS 144.91.1 14().1191 FUND.S Unrcslricted 144.91.3 14().()() I Appr()N'ed bs. thc trustees on q t>ocLrn¥2024 and sig?ned on thcir behalf bi, ,Jacqueline Rashba53 Trustcc
TFIE FIC.HTEEN FUND NOTE.5 TO THE FINANCIAL 4iTATEMENTS FOR THF. YEAR F.NDED.11 MARCH 2024 ACCOLINTIINC. POLICIES (M) By¥iy of accounting 'rhese acc'()Iints hai'¢ been prepared Linder the hisiorical cost convention. with itLiii% reLobJiiised ai Losi or IraiisaLiion i'alue. and in aLLurdancL il'ilh.. Ihe Siaiemeni ol" ReLommended PraLIiLe: Accouniin&i and Reporling, b), Q'hai'itiLs. the FinaiiLial Repi)rling Iiiandard appliLdblL in ihe UK and Republic ot" Ireland i FRS I O?) issued on 16 Jul). 2014 and updated on ? Februar). ?016, and the C'hariiies Aci ?01 l. The Lhariti. L()ns1itutes ¢1 public bcnelii eniitN' as defined b!, FRS 102. (b) Chanxes to #ccounting puliiies -rhere hai'e been no ch<ingyes io aLLoulliing policies. Ihe accounls preseni a irue and tair i'i¢ii' and the ilLLounling' pulicies adopied are ihose L)uilined in the n(Iles lo tIIL' aLcounis. {c) Changes to accounting estimates No changJe% lo aLL()unlingy eslimales Iial'e OLcurred in ihc repc)ning pLriod. (d) Mulerial prior vear errurs Ni) iiiai¢rial pric)r vear err(Ir% hai'e been idenlitied in Ihe repc)rti n& periud. (e) ReLiignitiun of incomi. InLC)IllL 1% r¢LL)giniscd in ihe sofA ii'hen: il is Inore likelN' than noi thai ihe trusiL'LS M'ill reccil'e the resource.s: aiid Ihe nioneiaTh i'alue L<in bc Ineasured Kiih sullilieni reliabilil).. (D Tax reclaimed un donations and gifts (iit"l Aid receii'able is includcd in inLome M'hen iher¢ is a i'alid deLlaralion t.roni Ihe donor. An). Ciitl Aid iimoiint reLoi'ered on a donaiion is coiisidered io be part of" Ihat glitt cind is Irealed as an addition io ihe same lund as ihe iniiial donation unless the donor or ihe lenns ol. the appeal hav¢ specilied othcrii'ise.
THE EIGHTEE FUND NOTES TO THE FINANCIAL sTATEmETs FOR THF. YEAR ENDED 11 MARCH 2024 I. ACCOUIN'TING POLICIF.,S (CONTINIIF.D) (g) Grants (irants av¥'arded are accounted for on a cash basis. 2. DONATIONS 2024 2023 l)onations and Gitts 189.283 202.917 3. CHARITABI.F. GRANTS C'haritable grants and donations of £?33.024 (?023: £214.420) w'ere all made io institutions or indii'iduals lor ihe folloii'ingF charitable purposes: 2024 The prei'ention of relief nf pniiert> The adN'ancement ot"education The advancemenl ol" religion The aditancement of health or the sai'ing of lieS The reliet'of those in need. bj reason of l'outh. age. ill-hcalth. disabilil!., financial hardship or other disadi'antage Other charitable purposes 116.569 11.876 84.020 110.458 44.61? 53.580 200 1,2?n 758 19.601 233.024 2.711 1.839 214.4?0 Details of material granis are available on request to the trustees. There wer¢ no emplovecs during ihc period.
THE EIGHTEF.Y FLIND NOTES TO THF. FINANCIAL.ST.4TE.ME,N'TS FOR'fHTr: I'EAR EI%DF.D 31 l.4RCH 2023 4. TRUSTFE.Si' RF.NIUYEIL4TIO The Trusiees neither receii'ed nor ilaii'ed ani, emolumenis during the period. During ihe period. Ihe 'frusiees 'ere reinibursed £N'il ( ?0? j £Nil) tor perbunal expLll5Ls iiiLurred. -4. Rb:LAI'ED PARTY TRAh'SACTIONS Andreii. Rashba55 made personal don<ilions ot- £31.189 1 ?0?3.. £?01.917) to ihe iru%t durinbi ihe period. JaLqueline Rashbass made personal donalions of £8.394 (?0?3: £Nil) t(I th¢ irusi dui'ii)gi lh¢ rIOd. Lli¢ R(IshbilSS made p¢rsonal doniilions ol. £Nil { ?0?3: £1,000) io the trust during thL peri()d. Donaiions ol'£149.700 {20?3'. £Nil) M'ere made 10 Ihe Lharii), from a tund ot'iihich thL three iru4iees are also trustees.