Company number.. 07594645 Charlty Number.. 1141619 Savannah Wisdom Report and financial statements For the year ended 30 April 2024 Savannah Wisdom Reference and administrative information for the year ended 30 April 2024 Company number 07594645 1141619 Charity number Registered offlce and operatlonal address clo Sh?Ini Arora Office 4.02 Statlon House stamford New Road, Altrincham, WA14 IEP Trustees Trustees, who are also dlrectors under company law, who served during the year and up to the date of thls report were as follows: Bobby Arora Shalni Arora Simon Arora Members Bobby Arora Sanjay Aggarwal Banker$ Coutts 440 Strand, London WC2R OQS Independent Jennifer Danlel FCCA DChA Slade & Cooper Limited Beehive Mill, Jersey Street, Ancoats, Manchester, M4 6JG examlner Savannah Wisdom Trustees, annual report for the year ended 30 April 2024 The trustees present thelr report and the unaudited flnancial statement5 for the year ended 30 Aprll 2024. Included within the trustees, report is the dlrectors, report as requlred by company law. Reference and administrative informatlon set out on page I forms part of this report. The financial statetnents comply wlth current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. Objectives and activities The aims of our charity are to tackle the issues of social Injustlce and global Inequality by working wlth organlsatlons that have a d15ruptive and radlcal approach to addre551ng these problems. Most organisations the charity works with are based in India, Afrlca or the United Kingdom. Our work is focussed on supporting institutions that work to reduce inequallty and tackle social injustice. The charity acts like an incubator, finding new organisations with a disruptive approach to long term Issues and seed funding them or provldlng finance and expertise to allow them to grow and become sustainable. Grant maklng pollcy Savannah Wlsdom does not accept unsoliclted grant appllcatlons. Grants are awarded to projects that meet the objectlves of the charlty. The trustees conflnn that they have referred to the guldance contèlned In the Charlty Commission's general guidance on public benefit when reviewing the charitie5 aims and objectives and planning future artivities and settlng the grant making policy for the period. The objects are such as the trustees think fit and are exclusively charitable in accordance with the law5 of England and Wales. The trustees revlew the aims, objectives and activities of the charity each year. Thls report look5 at what the charity has achieved and the outcomes of its work in the reportlng perlod. The trustees report the success of each key activity and the benefits the charlty has brought to those groups of people that It Is set up to help. The revSew also helps the trustee5 ensure the charity's aims, objectlves and activltles remaln focused on its stated purposes. Achievements and performance Savannah Wisdorn contlnued to support the charltles In which the foundatlon had previously invested, such as the British Asian Trust and Feed My City. A number of grants to promote equality and social justice were also made to UK based organisations. Savannah Wlsdom continues to 5UPPOrt Belong to grow Its base working with local authoritles, voluntary organisatlons and clvil society on their coheslon and integration programmes, Belong has galned a conslderable reputatlon In provlding high quality research and pollcy recommendatlons. Savannah Wlsdom Trustees, annual report for the year ended 30 April 2024 Financial review £233,750 was spent on grants during the year. A donation of £IOO,000 was received from a corporate partner. Further income, apart from investment and interest, was not received. Total funds available for distribution at 30 April 2024 are £951,840 none of which are restricted or commltled. Reserves policy The charity has slgniflcant reserve5 to continue Its work, holdlng £951,840 in unrestricted funds at the year end. The management continuously monitor cashflow and if necessary additional funding 15 sought from prlvate individuals. As the Foundation has no worklng capital costs the trustees have decided that a more detailed reserve pollcy is unnecessary. Investment pollcy and performance The trustees contlnued to take a risk averse strategy to long term Investments for the year to 2024, E500.000 was invested In a low rlsk managed Investment fund at Coutts Bank. Given current market volatsiityi there are no plan5 to make further investments in the future, as wealth preservation is the key objeLtives for Trustees. Principal fundlng sources Savannah Wlsdom is funded by donatlons from private Individuals. Plans for the future The Foundats'on contlnues Its strateglc revlew looking for organlsatlons to SUPPOrt dealing with Issues around coheslon and integration, food poverty, equality and marginallsatlon In the UK. Savannah Wisdom is a core supporter of Belong The Cohesion and Integratlon Network. The Foundation wlll ontinue Its work wlth the British A51a Trust supporting its anti-traffficklng work particularly in India. Structurei governance and management The organlsation Is a charitable company limited by guarantee, Incorporated on 6 April 2011 and reglstered as a charity on 27 Aprll 2011. The company wa5 established under a memorandum of association which established the objects and powers of the charitable company and Is govemed under Its artlcles of assoclatlon. Recrultment and appointment of Trustees The Directors of the Company are also chartty trustees for the purpose5 of charlty law and under the Company's Articles are known as members of the Management Committee. The recruitment and appointment of Trustees are as stated in the Artlcles of the Company. Savannah Wisdom Trustees, annual report for the year ended 30 April 2024 Inductlon and tralnlng of Trustees The Trustees are familiar with the practical work of the charity. New trustees will be glven documents which Set out the operational framewod< of the organisatbon, accounts, objectives and grant making policy. All Trustees give thelr tlme voluntarily and receive no beneflts from the charity. Any expenses reclalmed from the charity are set out in note 8 to the accounts. Declslon maklng Shalnl Arora revlews posslble grants and project appllcatlons, performlng a thorough due d111gen￿ on the sustainability of the project, and whether it meets the criteria around social change. Thls Is discussed with the other trustees and a decision on whether to progress or not Is made. Rlsk management The Trustee5 have conducted a revlew of the major rfsks to which the charity is exposed. These are malnly In the a￿a of grant making where a project may be supported which is not in line with the charity's objective5 or whSch does not deliver the results expected by the organisatlon. Systems and procedures have been established to mitigate these rlsks. Statement of responsibilities of the trustees The Trustees {who are a150 director5 of Savannah Wlsdom for the purp05e5 of company law) are responslble for preparlng the Trustees, annual report and the financlal statements In accordance with appllcable law and United Kingdom Accounting Standards (United Kingdorn Generally Accepted Accounting Practice}. Company law requlres the Twstees to prepare financial statements for each financial year whlch glve a true and falr vlew of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these ffinanclal statements, the Trustees are required to: Select sultable accountlng pollcles and then apply them consistently Observe the method5 and prlnciples In the Charttles SORP Make judgements and estimates that are reasonable and prudent state whether applicable UK Accountlng Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concem basis unless It is Inappropriate to presume that the charlty will contlnue in operation The Trustees are responslble for keeplng proper accountlng records that dlsclose wlth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible ftir safeguarding the assets of the choritable company and hence for taking reasonable steps for the prevention and detectlon of fraud and other Irregularitie5. ## Savannah Wisdom ## Trustees’ annual report for the year ended 30 April 2024 The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006. The trustees’ annual report has been approved by the trustees on 23/ 01/ 2025 and signed on their behalf by Shalni Arora Director 5 ## **Independent examiner’s report to the Trustees of Savannah Wisdom** I report to the charity trustees on my examination of the accounts of the charity for the year ended 30[th] April 2024 which are set out on pages 7 to 17. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jennifer Daniel FCCA DChA Slade & Cooper Limited Charted Certified Accountants Beehive Mill Jersey Street Ancoats Manchester M4 6JG Date: 24 January 2025 6 Savannah Wisdom statement of Financial Activities (Including Income and Expenditure account) for the year ended 30 April 2024 Unrestrlcted funds Restrlcted funds Total funds 2024 Total fund5 2023 Note Income from: Donat10115 and leqacies loo,000 loo,000 20,000 Investments 31,917 31,917 19,587 Total income 131,917 131,917 39,587 Expendlture on.. Grants 233,750 233,750 166,618 Administrative Costs 24,613 24,613 11,422 Total expendTture 258.363 258.363 178,040 Net income/(expenditure) before net gains/{losses) on Investments (126,446} (126,446) (138,453) Net gèlns/{losses) on Investments 15,763 15,763 (33.485) Net Incomo/(expendlture) for the year 1110.683) (110,683) (171,938) Transfer between funds Net movernent In funds for the year {110,683) (110,683) (171.938) Reconciliation of funds Total funds brought forward 1,062,523 1,062,523 1,234,461 Total funds carrled forward 951,840 951,840 1,061523 The Statement of flnancial actlvltles Includes all gains and losses recognised in the year. All income and expenditure derlve from contlnulng actlvltles, ## Savannah Wisdom Company number 07594645 ## Balance sheet as at 30 April 2024 |Note
£
£
**Current assets**
Investments
10
452,591
Debtors
11
2,698
Cash at bank and in hand
12
497,871
**Total current assets**
**953,160**
**Liabilities**
Creditors: amounts falling
due in less than one year
13
(1,320)
**Net current assets**
**951,840**
**Total assets less current liabilities**
951,840
**Net assets**
**951,840**
**The funds of the charity:**
Restricted income funds
-
Unrestricted income funds
14
951,840
**Total charity funds**
**951,840**
2024|_£_
_£_
_439,328_
_2,920_
_699,726_
**_1,141,974_**
_(79,451)_
**_1,062,523_**
_1,062,523_
**_1,062,523_**
_-_
_1,062,523_
**_1,062,523_**
_2023_|_£_
_£_
_439,328_
_2,920_
_699,726_
**_1,141,974_**
_(79,451)_
**_1,062,523_**
_1,062,523_
**_1,062,523_**
_-_
_1,062,523_
**_1,062,523_**
_2023_| |---|---|---| ||**_1,141,974_**
_(79,451)_|| |||| |||_1,062,523_
**_1,062,523_**| |||_-_
_1,062,523_| |||**_1,062,523_**| For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006, - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on pages 10 to 17 form part of these accounts. Approved by the trustees on 23/ 01/ 2025 and signed on their behalf by: Shalni Arora (Director) 8 Savannah Wisdom Statement of Cash Flows for the year ending 30 April 2024 Notè 2024 2023 Cash provided byl(used in) operating activities 17 (233,772) {90.I35) Cash flows from Investlng actlvlties.. Dividends, interest, and income from investments 31,917 19,587 Cash provided by/{used In) Investlng actlvitles 31,917 19,587 Increase/{decrease) In cash and cash eouivalents in the year 1201,855) (70,548) Cash and cash equlvalents at the beglnnlng of the year 699,726 770.274 Cash and cash equlvalents at the end of the year 497.871 699.726 Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 Ac¢ountlng pollcle$ The princlpal accouritlng polleles adopted, judgments and key sources of estimation uncertainty In the preparatlon of the flnanclal statements are as follows.. a Basls of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities- 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 {FRS 102), second edltlon October 2019 (Charities SORP IFRS 10211, the Financial Reporting Standard appllcable in the UK and Republlc of I￿land IFRS 102) and the Cornpanles Act 2006 and UK Generallv Acceuted Accountino Practice. Savannah Wisdom meets the deflnition of a publlc benefit entlty under FRS102. Assèts and 11abllltles are initially recognised at historical cost or transactlon value unless otherwlse stated In the relevant accounting policy note. b Preparatlon of the accounts on a golng concèrn ba$ls The Trustee5 consider that there are no material uncertainties about the charitable company's ability to contlnue as a going toncern. The Trustees have made no key judgments which have a significant effect on the accounts. The Trustees do not conslder that there are any SoUr￿S of estlmatlon uncertalnty at the reportlng date that have a slgnificant risk of causing a materSal adjustment to the carrylng amount of assets and Ilabblltles wlthbn the next reDOrtlno Deriod. ¢ Xneome Income Is recognlsed when the charlty has entltlement to the funds, any performance condltlons attached to the Itemls) of Income have been met, It Is probable that the Income wlll be recelved and the amount can be measured rellably. d Interest recelvable Interest on funds held on deposit Is included when receivable and the amount can be measured reliably by the charity,. this is normally upon notification of the interest paid or payable by the Bank. e Fund accounting Unrestricted funds are avallable to spend on actlvltles that further any of the purposes of the charlty. Deslgnated funds are unrestrlcted funds of the charlty whlch the trustees have declded at thelr dlscretlon to set aslde to use for a speclfic purpose. Restricted funds are drlnatlons which the donor has speclfleé are to be solely used for partlcular areas of the charity's work or for specific projects being undertaken by the charity. io Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 (continued) f Expendlture and lYre¢overable VAT Expendlture Is recognlsed once there Is a legal or con5tructlve obllgatlon to make a payment to a third party, it Is probable that 5etUement will be required and the amount of the obllgatlon can be measured reliably. Expenditure is classified under the following activity headings.. Expendlture on charltable actlvltles undertaken Is to further the purposes of the charlty and thelr assoclated support costs. Other expendlture represents those Items not falllng Into any other headlng, Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. g Flxed asset Investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date u5in9 the closing quoted market price. The statement of flnanclal actlvities includes the net gain5 and 105ses arÉsing on revaluatlon and dlsposals throughout the year. The Charity does not acquire put options, derivatives or other complex financial instruments. The maln fomi of financial risk faced by the charity Is that of volatility in equlty markets and Investment markets due to wlder econombc condltlon5, the attitude of Investors to Investment rlsk, and changes in sentiment Con￿rning equitles and wlthin particular sectors or sub 5ector5. h Debtors Trade and other debtors are recognlsed at the settlement arnount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade d15counts due. I Cash at bank and in hand Cash at bank and cash In hand includes cash and short term hlghly Ilquld investments wlth a short maturlty of three months or less from the date of acoulsltion or opening of the deposit or slmilar account. J Creditors and provlslons Credltors and prov151ons are recognlsed where the charlty has a present obligation resulting from a past event that woll probably result In the transfer of funds to a thbrd party and the amount due to settle the obll9ation can be measured or estbmated rellably. Credltors and provlslons are normally recognlsed at thelr settlement amount after allowlng for any trade dlscounts due. k Grants payable Grants payable are payments made to third partSes In hjrtherance of the charltable objerts of the charity. Single or multi-year grants are accounted for when either the recipient has a reasonèble expectation that they will recelve a grant and the trustee5 have agreed to pay the grant without condition. or the recipient has a reasonable expectation that they will receive the grant and any condltlon attachbng to the grant Is outslde the control of the charlty. Where the charity gives a grant with conditions for its payment being a speclfied level of seNlce or output to be provided, such grants are only recognised in the Statement of Financial Activitles once the recipient of the grant has provided the Servi￿ or output. Provisions for grants are made when the Intentlon to make a grant has been communicated to the reclpient, condltions and ag￿ement completes but there Is uncertalnty about the timing of the grant. li Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 (continued) Le9al status of the charlty The charlty Is a company Ilmlted by guarantee regIste￿d In England and Wales and has no share capital. In the event of the charSty belng wound Uptr the Ilablllty In respect of the guarantee Is Ilmlted to £1 per member of the charity. The reglstered offlce address Is dlsclosed on page I, Income from donatlonss and legacles Current reporting period Unrestricted Restricted 2024 2023 Donatlons loo,000 loo,000 loo,000 loo,000 20,000 Investmant Income Current reporting period Unrestrlcted Restrlcted 2024 2023 Income from bank deposits Income from portfolio 25,997 25,997 9,487 31,917 31.917 19,587 Analysls of expenditure on ¢harltsbl¢ a¢tlvltle$ Current reportlng perlod Grants payable Admln costs 2024 2023 Grant5 payable: Project5 in Indla (note 16) other (note 161 loo,000 133,750 100,OOD 133,750 50,000 116,618 Admlnlstratlon costs: Membershlps Travel and accDmodatlon Portfolio investment charges Professional fees other Governance costs {see note 6) 498 498 1,512 1,468 2,556 2,500 19,620 675 2,500 19,620 675 4.426 1,320 1,320 1,460 233,750 24,613 258,363 178,040 2024 2023 Unrestrlcted expendlture 258,363 178,040 258,363 178,040 12 Savannah Wisdom Notes to the accounts for the year ended 30 Aprll 2024 (contlnued) Analysis of governance costs Current reportlng perlod 2024 2023 Accountancy seNices 1,320 1.460 1,320 1,460 Net income/(expenditure) for the year Thls Is stated after chargingllcredlting).. 2024 2023 Independent examlnerfs remuneratlon accountancy fees I,ioo 1,510 Trustea remuneratlon and expenses and related party transactions Nelther the management commlttee nor any persons connected wlth them recelved any remuneratlon or reimbursed expenses during the year (2023.. NIII, No {2023.'Nil} member of the management cornmittee received travel and Subsisten￿ expenses during the year12023.' nil). No12023.'nill member of the management committee received tralning during the year (2023.'nil). Aggregate donations from related parties were nll {2023: Enll). Shalnl Arora, Trustee, Is a dlrector of The Brltish Asian Trust. The Brltlsh Aslan Trust recelved a grant of £IOB,000 {2023.'£50,000). There are no donations from related partles whlch are outslde the normal course of buslness and no restrlrted donatlons from related partSes. Corporatlon tax The charity Is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Sertion 256 of the Taxation of Chargeable Gain5 Act 1992 to the extent that these are applied to its charitable objects. No tax Charges have arlsen in the charity. 13 Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 (continued) 10 Currant asset Investments 2024 2023 Market value at the start of the year Fees Add net gainl(lossl on revaluatlon 439,328 12,500) 15,763 475,369 (2,556) (33,485) 452,591 439,328 Cash held by investment broker pending reinvestment Market value at the end of the year 452,591 439,328 Investments at falr value comprfsed.. Equltles Fixed interest securities Other Cash held within the investfflent portfollo 142,370 283,772 12,082 14,367 104.452 310,172 24,704 452,591 439,328 Investments are all carried at falr value and are all traded In quoted publlc markets. 11 Debtors 2024 2023 other debtors 2,920 2,698 2,920 12 Cash at bank and in hand 2024 2023 Cash at bank and on hand 497,871 699, 726 497,871 699,726 13 Creditors: amount$ falllng due wlthln one year 2024 2023 Other credltors and accruals 1,320 79,451 1,320 79,451 14 Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 (continued) 14 Analysls of movement In unrestrlcted fund$ Current reportlng period Galn/(1055) on investments Balance at l May 2023 Asat30 April 2024 Income Expendlture General fund 1,062,523 131,917 {258,363) 15,763 951,840 1,062,523 131,917 (258,3631 15,763 951,840 Previoug reporting period Galnl(loss} on investments Balance at l May 2022 Asat30 Aprll 2023 Income Expendlture General ftjnd 1,234,461 39,587 {178,0401 133,4851 1,062,523 1,234,461 39,587 (178,0401 {33,485) 1,062,523 Name of unrestrScted fund Descrlptlon, nature and purposes of the fund General fund The free reserves after allowlng for all de51gnated funds 15 Analysls of net asset$ between funds Current reportlng perlod General fund Deslgnated funds Restrirted funds Total Net current a5sets/(liabilitiesl 951,840 951,840 Total 951,840 951,840 Prevlous reportlng perlod General fund Deslgnated funds Restricted funds Total Net current a5sets/(liabilitiesl 1,062,523 1,062,523 Total 1,062,523 1,062,523 Is Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 (continued) 16 Grants 2024 2023 Projects In fndla Brltlsh Aslan Trust loo,000 50,000 other Britlsh Aslan Trust {projects in UK) Cancer Research Caudwell Chlldren Centre ft)r Criminal Justice Cereneo Schweiz Ag Hertensteinstrasse Good Small Buslness Awards Feed My City UK Manchester Youth Academy Mental Health Global Nanak Naam Wisdom Group Quintessentlally Foundatlon Said Business School (Oxford Unlverslty) Sex Matters Ltd Skllls Builder Partnership Tomorrowlan Vlpassana Twst 8,000 2,250 12.000 40,000 10,000 5,000 6,000 10,000 25,000 16,651 20,000 6,000 16,000 8,395 20,000 13,750 26.322 5,000 233,750 166,618 All grants are paid to institutions. 17 Reconclllatlon of net movement In funds to net cash flow from operatlng activltles 2024 2023 Net Inu>me/(expendlture) for the year Adjustments for: Dlvldends, Interest and Income from Investments Decrease/(increasel In current asset Investments Decrease/(increase) In debtors Zncreasel(decrease) In credltors (110,683) (171,938) {31,917} (13,263} 222 (78,1311 (19,587) 36,041 (1,907) 67,256 Net ¢a$h provided by/{used in) operatlng {233,7721 (90,135) 16 Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 (continued) 18 Prior Year Statement of Financial Actlvitie5 (Includlng Income and Expendlture a¢¢ount) Unrestrtcted funds ReSt￿rted funds Total funds 2023 Total funds 2022 Income from: Donatlons and leoades 20,000 20,000 Investments 19,587 19,587 8,316 Total income 39,587 39,587 8,316 Expenditure on: Grant5 166,618 166,618 133,525 Admlnistratlve Costs 11,422 11,422 27,824 Total expendlture 178,040 178,040 161,349 Net income/(expenditure) before net gain$/(105ses) on investments {138,453) 1138,4531 (153,033) Net gains/llosses) on Investments 133,4851 (33,485) (28.121) Net income/(expenditure} for the year {171,938) (171,938) (181,154) Transfer between funds Net movement In fund$ for the year (171,938) (171,938) (181,154) Reconclllatlon of funds Total funds brought forward 1,234,461 1,234,461 1,415,615 Total funds carried forward 1,062,523 1,062,523 1,234,461 17