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2024-08-31-accounts

REGISTERED CHARITY NUMBER: 1144943

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

Mike Campbell Foundation

Mike Campbell Foundation

Contents of the Financial Statements for the Year Ended 31 August 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Statement of Financial Position 10
Notes to the Financial Statements 11 to 17

Mike Campbell Foundation

Reference and Administrative Details for the Year Ended 31 August 2024

TRUSTEES Mrs P C Freeth (Chair)
L C Hardingham (Secretary)
R B Ridgway (Treasurer)
Ms E M Angula
K Hames
M Perkin
Ms R Summerfield
J W Webb-Peploe
PRINCIPAL ADDRESS Woodgate Farm
Oad Street
Borden
Sittingbourne
ME9 8JX
REGISTERED CHARITY 1144943
NUMBER
INDEPENDENT EXAMINER Ardor Business Solutions Limited
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT21 4HE
BANKERS Barclays bank PLC
Leicester
LE87 2BB

Page 1

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2024

Patrons and ambassadors

Throughout the year, the Foundation has continued to receive great support from its Patron, Lord Dannatt, GCB CBE MC DL, who has been an Ambassador for the Foundation for some years and accepted to become a Patron in 2020.

The Trustees thank The Lord Dannatt and its other key supporters designated as Ambassadors, Professor Sir Jeffrey Jowell KCMG QC, human rights lawyer (UK), Mrs Jenny Baraclough OBE, film producer (UK); Mr Richard Oldfield, investment adviser (UK); Dr Craig Richardson, Professor of Economics, Winston-Salem University (US); Anthony Shillington, the Foundation's former Fundraiser and Trustee (UK); and Alastair Jackson former secretary and Trustee (UK) for their support. All have freely made their time and expertise available to the Foundation during the year, for which the Trustees are extremely grateful.

Trustees

There has been no change to the Trustees over the last year bringing continuity as we operate a small but cohesive group, bringing a considerable range of skills and experience to bear within the Foundation.

Page 2

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2024

OBJECTIVES AND ACTIVITIES Objectives and aims

The Trustees have referred to the Charity Commissions general guidance on public benefit when reviewing the Charitys aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that they have set. The objects, as set out in the Trust Deed, are as follows:

To promote human rights (as set out in the Universal Declaration of Human Rights and subsequent United Nations Conventions and Declarations and incorporated into the Treaty establishing the Southern African Development Community, hereinafter SADC) in Zimbabwe and other member countries of SADC where relevant, by all or any of the following means:

In giving effect to these Objectives and Aims, the work of the Mike Campbell Foundation has continued to focus upon the devastated farming communities of Zimbabwe. At the heart of the chaos, the breakdown of the Zimbabwean economy and resulting human suffering, is the fact that the Government has no respect for the Rule of Law, and most specifically, the property rights of individuals. The rule of law and property rights are fundamental to a prosperous and thriving country. Without both, the country cannot be rebuilt.

The food situation is dire after a difficult rainy season with 60% of the population - more than 8 million urban and rural people - reliant on international food aid from the international community. In years gone by, irrigation systems and good farming practices would have mitigated against the patchy rainfall pattern and would have still created a surplus. It reinforces the pressing need for property rights to be established and respected.

The systematic abuse of the country's citizens has not only been maintained but increased; harassment and abuse by the military is a regular occurrence; a climate of fear prevails and corruption is rife.

As reported last year, we were able to maintain our Open Pollinated Seed Project through to harvest, producing 20,000 4kg packs of seed for distribution - an increasing resource for so many communities. Our commitment to the restoration of human and property rights and the rule of law remains as strong as ever and significant steps have been taken to achieve our aims and objectives.

From any perspective, progress remains challenging but hope for the future is strong; the need for all that the Mike Campbell Foundation stands for, and does, continues to be as great - if not, greater - than ever.

As recorded in previous Annual Reports, the Foundation recognises that it cannot achieve its goals on its own and it continues to work with like-minded organisations, especially where they are able to add levels of expertise. We work with Foundations for Farming (FfF) in sponsoring destitute farmers to learn the principles of Conservation Agriculture and distributing the majority of the seed packs we produce. On issues of justice and human rights in the wider sphere, we continue to work with the SADC Lawyers' Association, the Southern Africa Litigation Centre, the International Commission of Jurists, The Law Society of Namibia, The Law Society of South Africa, Zimbabwe Exiles' Forum, SADC Lawyers for Human Rights, AfriForum, Veritas Zimbabwe, Human Rights Watch, and Legatum, all of whose support and assistance we gratefully acknowledge. The local support that we receive from the small group of highly respected and principled lawyers willing to stand up for human rights and the restoration of justice is critical in all that we do.

Page 3

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2024

Our activities continue to be initiated and developed, in close communication with the Trustees, by the Foundation's Executive Director in Zimbabwe, Ben Freeth. His inspirational leadership continues and, whilst in Harare, his support for farmers and their workers facing abuse and imprisonment is unabated. He continues to write extensively in the media and is established as a source of reliable and honest information for international journalists and local embassy representatives.

Whilst away from Zimbabwe, he continued to spread the message of the parlous state of Zimbabwe and the wrongs being inflicted at key forums such as the Christian Economic Forum and the Africa Economic Summit on Courageous Leadership, speaking on the importance of property rights to African leaders.

Significant activities

(i) Contributing to the sound administration of human rights law

We continue our efforts to achieve the reinstatement of the Southern African Development Community's regional court, the SADC Tribunal (which was unilaterally dissolved by the SADC Heads of States in 2012) and petition the High Court in Gabarone to order the SADC secretariat to:

  1. Re-establishment the SADC Tribunal as per the valid protocol that first established it for all the 400 million citizens of SADC

  2. Take measures to ensure compliance with previous final and binding judgments by the SADC Tribunal

(ii) Relieving need among the victims of human rights abuse

Following the elections last year, we have managed to enable destitute farmworkers to attend 'Foundations for Farming' (FfF) courses as we restart some courses. The programme remains essential in imparting critical knowledge to the farmworkers who attend and extending hope and an uplift in their living standards. Increasingly attention is being paid toward achieving the "multiplier effect" by ensuring that those benefitting pass on their knowledge to others.

Despite all the difficulties associated with the rainfall during the year, being able to maintain our Open Pollinated Seed Project has been the outstanding achievement. The objective of the Project is to grow open pollinated maize seed in Zimbabwe for distribution to those we sponsor on the Foundations for Farming (FfF) courses and to make it available to other struggling farmers. We anticipate that around 136,000 people will directly benefit from being given the seed this year, in addition to those who will have been able to hold over seed from previous years. As was the case last year, Bruce Campbell has retained sufficient seed for planting of the next crop for the Project.

As previously noted, our ability to continue to fund schooling for children of destitute farmworkers was severely disrupted with the effective closure of schools for the entire year. In the absence of an educational system that has been functioning through the State and teachers being paid very low salaries and therefore generally not working, we have recently focused on a home school which has now opened up to 180 children and employing eight teachers.

(iii) Raising awareness of human rights issues

The Foundation continues involvement within Zimbabwe in bringing together church leaders to address the physical and material injustices in the country and to establish a sound theological platform to move forward in addressing these issues. We continue to spend much time keeping the press informed to spread the word concerning the parlous state of Zimbabwe and the wrongs being inflicted, speaking to influential audiences and with representatives of governments, continue unabated.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Our activities, as previously described, are selected and implemented with constant consideration being given to the best means of making tangible progress with our twin objectives of justice and mercy; "justice" including human rights work and "mercy" being represented by our humanitarian work for those chiefly impacted by injustice, especially the former farmworkers.

Page 4

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2024

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

(i) Overall, donations, grants and other income stood at £143,115 throughout the year. Although securing support for general/core funding requires constant attention, we were able to control such expenditure materially so that, at the end of the year, outgoings both in respect of general/core funding and for specific Projects was £175,617.

(ii) Established and new individual supporters in the UK have generously subscribed to the efforts of the Foundation over the period, many via Gift Aid or CAF cheques. Funds received from individuals, including in a material number of instances donations in excess of £1000 and a number considerably more, have been maintained at a similar level to that in previous years.

(iii) The funding secured from donations and legacies (such as Grant Making Trusts) has continued strongly, with many of the same organisations maintaining their support. During the 2023/24 financial year, funds raised via such means stood at £142,775.

(iv) Support from UK churches continues to be an important part of the Foundations fundraising work with St Marys Church, Speldhurst; St. Luke's Church, Maidstone; St. Justus, Rochester and St. Mark's, Gilingham taking a leading role; increasing church donations and the number of churches providing support remains a priority, whilst recognising that many other churches have been closely involved with our work and have parishioners who support us financially.

(v) We have maintained the status of the Foundation as an "equivalent charity" and securing S.501 (c) 3 status through the relationship established with the King Baudouin Foundation United States. We are grateful for the support given by KBFUS, which enables US citizens to maximise tax deductible donations to the Foundation; this continues to be beneficial in raising funds from generously inclined US citizens.

FINANCIAL REVIEW

Financial summary for the year

As more particularly detailed in the Financial Statements attached to and forming part of this Report, the financial performance of the Foundation can be summarised as follows:

Principal funding sources

As described above, the charity received private donations from individuals, churches and GMTs during the period. The Trustees are mindful that a considerable proportion of its funding for specific Projects is received from a comparatively small number of generous donors and is continuing its efforts to broaden the Foundation`s financial supporter base.

Reserves policy

The charity aims to have reserves that ensure that it has sufficient working capital, bearing in mind the timing of receipts from donors and project related expenditure. The Trustees recognise that in respect of specific Projects income can frequently be matched to budgeted expenditure, whereas generation of General or Core funds is less so and can fluctuate considerably from month to month and quarter to quarter.

Accordingly, the Trustees have determined that a Reserve equivalent to not less than three months budgeted expenditure is both desirable and prudent in respect of General/Core. Unfortunately, this has not been maintained throughout the year; there have been considerable fluctuations but funding was much on target by the end of the year and the Trustees are ever mindful of the target they have set themselves.

Page 5

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2024

FUTURE PLANS

The Charity anticipates that its current work will continue to develop in line with the available budget and its 2024/25 budget anticipates a continuing level of activity increased to some extent over that achieved in 2023/24.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a Deed of Trust, and constitutes an unincorporated charity.

The Declaration of Trust was made on 14 September 2011.

Recruitment and appointment of new trustees

Every trustee must be appointed by a resolution of the trustees passed at a special meeting called in accordance with the Trust Deed. In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.

Organisational structure

The Charity Trustees held four meetings during the year and a one-off special Strategy and Planning Meeting. Day to day operational matters are co-ordinated and administered by the Chair. Financial decisions are made by the Trustees collectively.

The Charity continues to maintain a lean organisation. Hayley Kemsley, has gallantly taken on the role of Administrative Assistant in addition to her role as Bookkeeper. She is presently coping extremely well but the situation will need to be kept under review as circumstances change.

The Trustees are also most grateful for the advice received from time to time from the Foundations Independent Examiner, Ardor Business Solutions. Contracts for professional assistance in maintaining and administering the Foundations complex and extensive database and for technical IT support have also been maintained.

The Trustees express their thanks to all concerned and continue to be mindful of the need to contain expenses and are making their decisions with great care. Except for the appointments noted, the Charity continues for the time being to operate in the UK on a voluntary basis.

In Zimbabwe, Ben Freeth, the Executive Director, continues to be supported by an outstanding research, administration and public relations specialist - Mrs. Glyn Hunter. In addition, there is a part-time specialist assistant supporting the social media programme. Additional payments are made for specific projects where necessary to people with the required skills locally.

As noted previously, the Open Pollinated Seed Project (See Significant Activities, above) has completed its sixth year of operation, but on a revised basis. Primary responsibility is now being outsourced for management of the Project, and co-ordinating the preparation, planting, tending and harvesting of the crops and distribution of the packaged seed to nominees of the Foundation.

Induction and training of new trustees

New trustees are provided with copies of the Trust Deed and key policy documents. Before formally joining, we encourage them to meet existing trustees and an invitation is extended to attend a meeting of the trustees. Training can also be provided if required.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Given the difficulties and uncertainties which are readily apparent from the section relating to our Organisation and Objectives, we have devoted much time to ensure our procedures are robust and will continue to monitor the situation and the options available.

Page 6

Mike Campbell Foundation

Report of the Trustees for the Year Ended 31 August 2024

Approved by order of the board of trustees on 18 November 2024 and signed on its behalf by:

Mrs P C Freeth - Trustee

Page 7

Independent Examiner's Report to the Trustees of Mike Campbell Foundation

Independent examiner's report to the trustees of Mike Campbell Foundation

I report to the charity trustees on my examination of the accounts of Mike Campbell Foundation (the Trust) for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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 material 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 Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. 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.

Bryan Michael Kemsley FCCA FMAAT

Ardor Business Solutions Limited Chartered Certified Accountants Unit 1 Shrine Barn Sandling Road Hythe Kent CT21 4HE

18 November 2024

Page 8

Mike Campbell Foundation

Statement of Financial Activities for the Year Ended 31 August 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
79,505
Other trading activities
2
-
Investment income
3
340
Total
79,845
EXPENDITURE ON
Raising funds
190
Charitable activities
Fieldwork
104,563
Total
104,753
NET INCOME/(EXPENDITURE)
(24,908)
Transfers between funds
10
445
Net movement in funds
(24,463)
RECONCILIATION OF FUNDS
Total funds brought forward
90,297
TOTAL FUNDS CARRIED FORWARD
65,834		 Restricted
funds
£
63,270
-
-
63,270
-
70,864
70,864
(7,594)
(445)
(8,039)
40,801
32,762		 31/8/24
Total
funds
£
142,775
-
340
143,115
190
175,427
175,617
(32,502)
-
(32,502)
131,098
98,596		 31/8/23
Total
funds
£
168,626
84
476
169,186
5,325
163,667
168,992
194
-
194
130,904
131,098

The notes form part of these financial statements

Page 9

Mike Campbell Foundation

Statement of Financial Position 31 August 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
6
714
CURRENT ASSETS
Stocks
7
600
Debtors
8
16,602
Prepayments and accrued income
5,660
Cash at bank and in hand
46,781
69,643
CREDITORS
Amounts falling due within one year
9
(4,523)
NET CURRENT ASSETS
65,120
TOTAL ASSETS LESS CURRENT
LIABILITIES
65,834
NET ASSETS
65,834
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
32,762
32,762
-
32,762
32,762
32,762		 31/8/24
Total
funds
£
714
600
16,602
5,660
79,543
102,405
(4,523)
97,882
98,596
98,596
65,834
32,762
98,596		 31/8/23
Total
funds
£
1,005
600
22,809
19,957
91,390
134,756
(4,663)
130,093
131,098
131,098
90,297
40,801
131,098

The financial statements were approved by the Board of Trustees and authorised for issue on 18 November 2024 and were signed on its behalf by:

P C Freeth - Trustee

The notes form part of these financial statements

Page 10

Mike Campbell Foundation

Notes to the Financial Statements for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - straight line over 3 years

Assets costing over £100 are treated as capital items.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 11

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

2. OTHER TRADING ACTIVITIES

3.

OTHER TRADING ACTIVITIES
31/8/24 31/8/23
£ £
Sales of DVD's and books - 84
INVESTMENT INCOME
31/8/24 31/8/23
£ £
Deposit account interest 340 476

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
121,473
Other trading activities
84
Investment income
22
Total
121,579
EXPENDITURE ON
Raising funds
5,131
Charitable activities
Fieldwork
99,013
Total
104,144
NET INCOME/(EXPENDITURE)
17,435
Transfers between funds
(13,283)
Net movement in funds
4,152
RECONCILIATION OF FUNDS
Total funds brought forward
86,145
TOTAL FUNDS CARRIED FORWARD
90,297		 Restricted
funds
£
47,153
-
454
47,607
194
64,654
64,848
(17,241)
13,283
(3,958)
44,759
40,801		 Total
funds
£
168,626
84
476
169,186
5,325
163,667
168,992
194
-
194
130,904
131,098

Page 12

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

6. TANGIBLE FIXED ASSETS

COST
At 1 September 2023 and
31 August 2024
DEPRECIATION
At 1 September 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023
7.
STOCKS
Stocks of books
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors		 Computer
equipment
£
2,407
1,402
291
1,693
714
1,005
31/8/24
31/8/23
£
£
600
600
31/8/24
31/8/23
£
£
16,602
22,809
31/8/24
31/8/23
£
£
3,231
2,561
1,292
2,102
4,523
4,663

Page 13

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

10. MOVEMENT IN FUNDS

Net
movement
At 1/9/23
in funds
£
£
Unrestricted funds
General fund
90,297
(24,908)
Restricted funds
Accountability Project
-
(6,408)
School Fee Fund
21,698
(6,212)
Luke Fund
209
(209)
Welfare Fund
-
2,120
Open Pollinated Seed Project (formerly
Amish Project)
3,245
(101)
Bible Fund
581
(190)
Farmers Speak Project
9,593
-
Farming for Destitute Farmworkers
-
18
Gordon Putterill Fund
3,575
-
School Project
1,900
3,388
40,801
(7,594)
TOTAL FUNDS
131,098
(32,502)
Net movement in funds, included in the above are as follows:		 Transfers
between
funds
£
445
6,408
-
-
2,740
-
-
(9,593)
-
-
-
(445)
-		 At
31/8/24
£
65,834
-
15,486
-
4,860
3,144
391
-
18
3,575
5,288
32,762
98,596
Unrestricted funds
General fund
Restricted funds
Accountability Project
School Fee Fund
Luke Fund
Welfare Fund
Open Pollinated Seed Project (formerly
Amish Project)
Bible Fund
Farming for Destitute Farmworkers
School Project
Pastor Masaya
TOTAL FUNDS		 Incoming
resources
£
79,845
-
3,000
-
7,500
43,581
-
5,000
3,889
300
63,270
143,115		 Resources
Movement
expended
in funds
£
£
(104,753)
(24,908)
(6,408)
(6,408)
(9,212)
(6,212)
(209)
(209)
(5,380)
2,120
(43,682)
(101)
(190)
(190)
(4,982)
18
(501)
3,388
(300)
-
(70,864)
(7,594)
(175,617)
(32,502)

Page 14

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Accountability Project
School Fee Fund
Luke Fund
Welfare Fund
Open Pollinated Seed Project (formerly
Amish Project)
Bible Fund
Farmers Speak Project
Farming for Destitute Farmworkers
Gordon Putterill Fund
School Project
TOTAL FUNDS		 At 1/9/22
£
86,145
-
26,807
209
118
-
895
9,593
3,562
3,575
-
44,759
130,904		 Net
movement
in funds
£
17,435
(5,989)
(5,109)
-
(4,910)
3,245
(194)
-
(6,184)
-
1,900
(17,241)
194		 Transfers
between
funds
£
(13,283)
5,989
-
-
4,792
-
(120)
-
2,622
-
-
13,283
-		 At
31/8/23
£
90,297
-
21,698
209
-
3,245
581
9,593
-
3,575
1,900
40,801
131,098

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Accountability Project
School Fee Fund
Welfare Fund
Open Pollinated Seed Project (formerly
Amish Project)
Bible Fund
Farming for Destitute Farmworkers
School Project
TOTAL FUNDS		 Incoming
resources
£
121,579
-
-
7,500
32,607
-
-
7,500
47,607
169,186		 Resources
Movement
expended
in funds
£
£
(104,144)
17,435
(5,989)
(5,989)
(5,109)
(5,109)
(12,410)
(4,910)
(29,362)
3,245
(194)
(194)
(6,184)
(6,184)
(5,600)
1,900
(64,848)
(17,241)
(168,992)
194

Page 15

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Accountability Project
School Fee Fund
Luke Fund
Welfare Fund
Open Pollinated Seed Project (formerly
Amish Project)
Bible Fund
Farmers Speak Project
Farming for Destitute Farmworkers
Gordon Putterill Fund
School Project
TOTAL FUNDS		 At 1/9/22
£
86,145
-
26,807
209
118
-
895
9,593
3,562
3,575
-
44,759
130,904		 Net
movement
in funds
£
(7,473)
(12,397)
(11,321)
(209)
(2,790)
3,144
(384)
-
(6,166)
-
5,288
(24,835)
(32,308)		 Transfers
between
funds
£
(12,838)
12,397
-
-
7,532
-
(120)
(9,593)
2,622
-
-
12,838
-		 At
31/8/24
£
65,834
-
15,486
-
4,860
3,144
391
-
18
3,575
5,288
32,762
98,596

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Accountability Project
School Fee Fund
Luke Fund
Welfare Fund
Open Pollinated Seed Project (formerly
Amish Project)
Bible Fund
Farming for Destitute Farmworkers
School Project
Pastor Masaya
TOTAL FUNDS		 Incoming
resources
£
201,424
-
3,000
-
15,000
76,188
-
5,000
11,389
300
110,877
312,301		 Resources
Movement
expended
in funds
£
£
(208,897)
(7,473)
(12,397)
(12,397)
(14,321)
(11,321)
(209)
(209)
(17,790)
(2,790)
(73,044)
3,144
(384)
(384)
(11,166)
(6,166)
(6,101)
5,288
(300)
-
(135,712)
(24,835)
(344,609)
(32,308)

Page 16

continued...

Mike Campbell Foundation

Notes to the Financial Statements - continued for the Year Ended 31 August 2024

10. MOVEMENT IN FUNDS - continued

General fund

The General Fund represents all initiatives that cannot be attributed to a specific project, e.g. press interviews, speaking at conferences, the writing of articles and research work.

11. RELATED PARTY DISCLOSURES

During the year, payments amounting to £49,292 (2023: £50,556) were made to or on behalf of B Freeth, Executive Director in Zimbabwe, in order to facilitate the delivery of projects in accordance with the Charity's objects.

Also during the year payments of £5,380 (2023: £7,500) were made to the Executive Director's pension scheme on his behalf.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the board of trustees, responsible for the strategic and operational decisions of the Charity.

Page 17