Company number: 07594645 Charity Number: 1141619 ## Savannah Wisdom Report and financial statements For the year ended 30 April 2025 Savannah Wisdom ## Reference and administrative information for the year ended 30 April 2025 **Company number** 07594645 **Charity number** 1141619 ## **Registered office and operational address** c/o Shalni Arora OBE Suite 1.01 Westgate, 44 Hale Road, Cheshire, WA14 2EX ## **Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Bobby Arora Shalni Arora Simon Arora ## **Members** ## **Bankers** Bobby Arora Sanjay Aggarwal Coutts 440 Strand, London WC2R 0QS **Independent** Jennifer Daniel FCCA DChA Slade & Cooper Limited **examiner** Beehive Mill, Jersey Street, Ancoats, Manchester, M4 6JG 1 Savannah Wisdom ## Trustees’ annual report ## for the year ended 30 April 2025 The trustees present their report and the unaudited financial statements for the year ended 30 April 2025. Included within the trustees’ report is the directors’ report as required by company law. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with 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 injustice and global inequality by working with organisations that have a disruptive and radical approach to addressing these problems. Most organisations the charity works with are based in India, Africa or the United Kingdom. Our work is focused on supporting institutions that work to reduce inequality and tackle social injustice. The charity operates as an incubator, identifying new organisations with innovative approaches to longterm issues, providing seed funding, financial support, and expertise to enable their growth and sustainability. ## **Grant making policy** Savannah Wisdom does not accept unsolicited grant applications. Grants are awarded to projects that meet the objectives of the charity. The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charities aims and objectives and in planning future activities and setting the grant making policy for the period. The objects are such as the trustees think fit and are exclusively charitable in accordance with the laws of England and Wales. The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report on the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remain focused on its stated purposes. ## **Achievements and performance** Savannah Wisdom continued to support the charities in which the foundation had previously invested, such as the British Asian Trust and Feed My City . A number of grants to promote health, equality and social justice were also made to UK based organisations. Savannah Wisdom continues to support Belong to grow its base working with local authorities, voluntary organisations and civil society on their cohesion and integration programmes. Belong has gained a considerable reputation in providing high quality research and policy recommendations. ## **Financial review** £355,739 was spent on grants during the year. This included significant grants of £200,000 to Belong, £25,000 to Transparency International and £28,000 to UNICEF. Donations received amounted to £500,000 during the year. Further income, apart from investment and interest, was not received. Total funds available for distribution on 30 April 2025 are £1,132,108, none of which are restricted or committed. 2 Savannah Wisdom ## Trustees’ annual report ## for the year ended 30 April 2025 ## **Reserves policy** The charity has significant reserves to continue its work, holding £1,132,108 in unrestricted funds at the year end. The management continuously monitor cashflow and if necessary additional funding is sought from private individuals. As the Foundation has no working capital costs the trustees have decided that a more detailed reserve policy is unnecessary. ## **Investment policy and performance** The trustees continued to take a risk averse strategy to long-term investments for the year 2025. Net income exceeded expenditure by £180,268 during the year. £459,552 is invested in a low risk managed investment fund at Coutts Bank. Given current market volatility, there are no plans to make further investments in the future, as wealth preservation is the key objectives for Trustees. ## **Principal funding sources** Savannah Wisdom is funded by donations from private individuals. ## **Plans for the future** The Foundation continues its strategic review looking for organisations to support dealing with issues around cohesion and integration, food poverty and marginalisation in the UK. Savannah Wisdom is a core supporter of Belong – The Cohesion and Integration Network. The Foundation will continue its work with the British Asian Trust supporting its anti-trafficking work particularly in India. ## **Structure, governance and management** The organisation is a charitable company limited by guarantee, incorporated on 6 April 2011 and registered as a charity on 27 April 2011. 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. ## **Recruitment and appointment of Trustees** The Directors of the Company are also charity trustees for the purposes of charity law and under the Company’s Articles are known as members of the Management Committee. The recruitment and appointments of Trustees are as stated in the Articles of the Company, induction and training of Trustees ## **Induction and training of Trustees** The Trustees are familiar with the practical work of the charity. New trustees will be given documents which set out the operational framework of the organisation, accounts, objectives and grant making policy. All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 8 to the accounts. ## **Decision making** Shalni Arora OBE reviews possible grants and project applications, performing a thorough due diligence on the sustainability of the project, and whether it meets the criteria around social change. This is discussed with the other trustees and a decision on whether to progress or not is made. 3 Savannah Wisdom ## Trustees’ annual report for the year ended 30 April 2025 ## **Risk management** The Trustees have conducted a review of the major risks to which the charity is exposed. These are mainly in the area of grant making where a project may be supported which is not in line with the charity’s objectives or which does not deliver the results expected by the organisation. Systems and procedures have been established to mitigate these risks. ## **Statement of responsibilities of the trustees** The Trustees (who are also directors of Savannah Wisdom for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view 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 financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting 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 concern basis unless it is inappropriate to presume that the charity will continue in operation The Trustees are responsible for keeping proper accounting records that disclose with 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 for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 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 11/01/2026 and signed on their behalf by Shalni Arora Director 4 ## **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 2025 which are set out on pages 6 to 16. ## **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: 12/01/2026 5 Savannah Wisdom Statement of Financial Artivities (including Income and Expenditure account) for the year ended 30 April 2025 Unrestricted funds Restricted funds Total funds 2025 Total fund5 2024 Note Income from: Donations and leoacies 500,000 500,000 loo,000 Investments 44,875 44,875 31,917 Total income 544,875 544,875 131,917 Expenditure on: Grants 355.739 355,739 253,370 Administrative Costs 18,473 18,473 4,993 Total expenditure 374.212 374.212 258,363 Net income/(expenditure) before net gains/(losses) on investments 170,663 170,663 (126,446) Net gains/(Iosses) on investments 9.605 9,605 15,763 Net income/(expenditure) for the year 180.268 180.268 (110,683) Transfer between funds Net movement in funds for the year 180.268 180.268 (110,683) Reconciliation of funds Total funds brought forward 951.840 951.840 1,062,523 Total funds carried forward 1,132,108 1,132,108 951,840 The statement of financial activities includes all gain5 and losses recognised in the year. All income and expenditure derive from continuing activities. Savannah Wisdom Company number 07594645 Balance sheet as at 30 April 2025 Note 2025 2024 Current assets Investments Debtors Cash at bank and in hand 459.552 2,882 771,060 452.591 2,698 497,871 12 Total current assets 1,233,494 953,160 Llabllltles Creditors.. amounts falling due in less than one year 13 (101,386) (1,320) Net current assets 1,132,108 951,840 Total assets less current liabilities 1,132,108 951,840 Net assets 1,132,108 951,840 The funds of the charity: Restricted income funds Unrestricted income funds 14 1,132,108 951,840 Total charity funds 1.132.108 951.840 For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relatino to small comDanies. 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 Art 2006, The dirertors 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 Ot part 15 ot 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 9 to 16 form part of these accounts. Approved by the trustees on 11101/2026 and signed on their behalf by: Shalni Arora {Dirertor) Savannah Wisdom Statement of Cash Flows for the year ending 30 April 2025 2025 2024 Cash provided by/(used in) operating activities 17 228,314 (233,772) Cash flows from investing activities.. Dividends, interest, and income from investments 44,875 31,917 Cash provided by/(used in) investing activities 44,875 31,917 Increase/(decrease) in cash and cash equivalents in the year 273,189 (201,855) Cash and cash equivalents at the beginning of the year 497,871 699.726 Cash and cash equivalents at the end of the year 771,060 497,871 Savannah Wisdom Notes to the accounts for the year ended 30 April 2025 Accounting policies The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows: a Basis of preparation 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 IFRS 102), second edition October 2019 (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Art 2006 and UK Generally Accepted Accountinq Practice. Savannah Wisdom meets the definition of a public benefrt entity under FRS102. Assets and liabilities are initially recogni5ed at historical cost or transartion value unless otherwise stated in the relevant accountino policy note. b Preparation of the accounts on a going concern basis The Trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The Trustees have made no key judgments which have a significant effect on the accounts. The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. c Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. d Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity,. this is nomially upon notification of the interest paid or payable by the Bank. e Fund accounting Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity. Savannah Wisdom Notes to the accounts for the year ended 30 April 2025 (continued) f Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or construttive obligation to make a payment to a third partyi It is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following artivity headings.. Expenditure on charitable activities undertaken is to further the purposes of the charity and their associated support costs. other expenditure represents those items not falling into any other heading. Irrecoverable VAT is charged as a cost against the artivity for which the expenditure was incurred. g Fixed 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 using the closing quoted market price. The statement of financial attivities includes the net gains and losses arising on revaluation and disposals throughout the year. The Charity does not acquire put options. derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions. the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. h Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. j Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. k Grants payable Grants payable are payments made to third parties in furtherance of the charitable objects of the charity. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expertation that they will receive the grant and any condition attaching to the grant is outside the control of the charity. Where the charity gives a grant with conditions for its payment being a specified level of service or output to be provided, such grants are only recognised in the Statement of Financial Activities once the recipient of the grant has provided the service or output. Provisions for grants are made when the intention to make a grant has been communicated to the recipient, conditions and agreement completes but there is uncertainty about the timing of the grant. io Savannah Wisdom Notes to the accounts for the year ended 30 April 2025 (continued) Legal status of the charity The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity- The registered office address is disclosed on page l. Income from donations and legacies Current reporting period Unrestrirted Restritted 2025 2024 Donations 500,000 500,000 loo,000 500,000 500,000 loo,000 Investment income Current reporting period Unrestricted Restricted 2025 2024 Income from bank deposits Income from portfolio 29.836 15,039 29,836 15,039 25,997 5, 920 44,875 44,875 31,917 Analysis of expenditure on charitable artivities Current reporting period Grants payable Admin costs 2025 2024 Grants payable: Projects in India (note 16) Other (note 16) 15.000 340,739 15,000 340,739 loo,000 153,370 Administration costs: Memberships Travel and accomodation Portfolio investment charges Professional fees Other Governance costs Isee note 6) 3,465 797 2,644 10.034 147 3,465 797 2,644 10,034 147 498 2,500 675 1,386 1,386 1,320 355.739 18.473 374,212 258,363 2025 2024 Unrestrirted expenditure 374,212 258,363 374,212 258,363 li Savannah Wisdom Notes to the accounts for the year ended 30 April 2025 (continued) Analysls of governance costs Current reporting period 2025 2024 Accountancy services 1,386 1,320 1,386 1,320 Net income/{expenditure) for the year This is Stated after chargingl(crediting): 2025 2024 Independent examiner's remuneration - accountancy fees 1,155 I,ioo Trustee remuneration and expenses, and related party transactions Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2024- Nil). No (2024.'Nil) member of the management committee received travel and subsistence expenses during the year (2024.. nill. No 12024.. nil) member of the management committee received training during the year (2024:nil). Aggregate donations from related parties were £400,000 {2024= £nil). Associated with this donation, £IOO.000 {2024: £nil) was received through claiming Gift Aid. There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. Shalni Arora, Trustee, is a director of The British Asian Trust. The British Asian Trust received a grant of £15,000 (2024: £100,000). Shalni Arora, Trustee, is a director of Altrincharn FC Cornmunity Sports. Altrincham FC Community Sports received a donation of £IO.000 (2024.. £nil). Shalni Arora, Trustee, is a trustee of Belong The Cohesion and Integration Network. Belong The Cohesion and Integration Network received a grant of £200,289 (2024: £19,620), of which £lOO,000 was owed at the vear end. Corporation 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 Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. 12 Savannah Wisdom Notes to the accounts for the year ended 30 April 2025 (continued) 10 Current asset Investments 2025 2024 Market value at the stsrt of the year Fees Add net gain/(10s5) on revaluation 452,591 (2,644) 9,605 439,328 (2,500) 15,763 459,552 452,591 Cash held by investment broker pending reinvestment Market value at the end of the year 459,552 452,591 Investments at fair value comprised- Equities Fixed interest securities Other Cash held within the investment portfolio 139,759 289,956 27,887 1,950 142,370 283, 772 12,082 14,367 459,552 452,591 Investments are all carried at fair value and are all traded in quoted public markets. 11 Debtors 2025 2024 Other debtors 2,882 2,698 12 Cash at bank and in hand 2025 2024 Cash at bank and on hand 771,060 497,871 771,060 497,871 13 Creditors: amounts falling due within one year 2025 2024 other creditors and accruals Grants owed at year end 1,386 loo,000 1,320 101,386 1,320 13 Savannah Wisdom Notes to the accounts for the year ended 30 April 2025 (continued) 14 Analysis of movement in unrestrirted funds Current reporting period Gainl(loss) on investments Balance at l May 2024 Asat30 April 2025 Income Expenditure General fund 951.840 544.875 (374,212} 9,605 1,132,108 951,840 544,875 (374,212} 9,605 1,132,108 Previous reporting period Gain/(loss) on investments Balance at l May 2023 Asat30 April 2024 Income Expenditure General fund 1,062,523 131,917 (258,363) 15,763 951,840 1,062,523 131.917 (258,363> 15,763 951,840 Name of unrestricted fund Description. nature and purposes of the fund General fund The free reserves after allowing for all designated funds 15 Analysis of net assets between funds Current reporting period General fund Designated funds Restricted funds Total Net current assets/(liabilities) 1,132,108 1,132,108 Total 1,132,108 1,132,108 Previous reporting period General fund Designated funds Restricted funds Total Net current assets/(liabilities) 951.840 951,840 Total 951,840 951,840 14 Savannah Wisdom Notes to the accounts for the year ended 30 April 2025 (continued) 16 Grants 2025 2024 Projects in India British Asian Trust 15,000 loo,000 other Altrincham FC Community Sports Belong BFC UK Grant Caudwell Children Centre for Criminal Justice Enabling Enterprise Factory International Feed My City UK Lady Garden Foundation Little Green Sock Projert Nanak Naam Wisdom Group Quintessentially Foundation Rays of Sunshine Sex Matters Ltd Skills Builder Partnership Transparency International UNICEF Vittoria and Albert Museum 4,900 10,000 200,289 15,000 8,000 19,620 40,000 10,000 13,750 8,500 20,000 15,000 5,000 6,000 16,000 5,000 20,000 13,750 25,000 28,000 10,300 355,739 253,370 17 Reconciliation of net movement in funds to net cash flow from operating activities 2025 2,024 Net income/{expenditure) for the year Adjustments for: Dividends, interest and income from investments Decrease/{increase) in current asset investments Decrease/{increasel in debtors Increase/{decreasel in creditors 180,268 (110,683) {44,875) (6,961) { 184) 100,066 (31,917) (13,263) 222 (78, 131) Net cash provlded by/{used In) operatlng activities 228,314 (233, 772) 15 Savannah Wisdom Notes to the accounts for the year ended 30 April 2024 (continued) 18 Prior Year Statement of Financial ALtivities (induding Income and Expenditure account) Unrestrirted funds Restricted funds Total funds 2024 Tot31 fiinds 2023 Income from: Donations and leoacies loo.000 loo,000 20,000 Investments 31.917 31.917 19,587 Total income 131.917 131,917 39,587 Expenditure on: Grants 233,750 233,750 166,618 Administrative Costs 24.613 24,613 11,422 Total expendlture 258,363 258,363 178 040 Net income/(expenditure) before net gains/(losses) on investments {126.446) (126,4461 (138,453) Net gains/(losses) on investments 15.763 15.763 (33,485) Net Income/(expendlture) for the year (110,683) (110,683) (171,938) Transfer between funds Net movement 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 carried forward 951.840 951,840 1,062,523 16