CONTEIIT8 IRusfEES' I DIRECTORS. REP(XgT 14 BALh14CE SHEET NOTES TO THE AccouKrs &12 TRUSTEES, ANNUAL REPORT IINCLUI)ING IXRECTOR8' Repoffr) Th• dlrxtors preuent thalr rowt and th8 accounts tr tho yaor wd•d 31 Do¢￿ber 2022. The dirvAors of the company fullu a slmlar rok to that of Tru8t•o¥ of an unin¢¢rpty ¢xMnpwryw￿ on 27 klay 2011 with d￿rItal• ows usng ￿ Chaiity i8twed as a 28 Mvth 2012. Ch•rlty numb•r 1146592 Company nufflb•r 07650194 Accountsnts HazlewoLMJs LLP rK180r Hou8• Bay¥hill Ro*J Chettenh8m GLSO J4T Bank•rn Barday's PLC G￿J￿8$18[ 8ritannia warnh￿se GL12EH Ambro88 Streèt Cheltenham GLSO 3LG 130VERNANce AND IIANAGEMENT Gov•mlno do¢um•rt Abercn)mbie & Kant PhilwttKw 18 a company limbtod ty quarant•e with dwitabbg The Tru8t¢e8 at 31 De(*mb¢r 2022. and who 18r¥od during the y¢or end￿ 31 December 2022. a8 dofined by the compan￿ Act 2006. were a8 follvhts.. Jorfe 8utler Kent- Prethnt Barbara V141kor (r••1gr￿d 1 J￿Uary 21Y22) Caroline Elizatdh Keith Sproulo TRUSTEES. ANNUAL Kpoffr (WCLUDING DIRECTOR8, REPORD {Contlnu•d) GOVERNANCE AND MA14AGEIAENT {C4Xrtlnu•d) Ory•nl••tlon￿ •tructur• The dwity'• affair• ar• managfyj by a 804rd 0fTryst￿ are drwi frrffi both locAI ccffimunity*a8od ¢JryanMatK)n8 and grantM￿n9 trusts. Day to day respL￿5￿111fy IOT The Trustem • duty to id￿¥ and r•vi•* the ii&ks to whith tho Charity Y •xposod to on•ur• ¥yopriat& •r• In to pro%ryd8 rea8on8b assurance against fraud arKI efror. Tho Trustea the finonos. budg81 and spend agoinst bjdget as part of tho offecU¥o •tvw8rdBhip of tho ¢ompany. Vwi tha n•turo of the Charity. tho Trn8ts08 con8klar that th8rn are sufficient 8afeguard8 tn plac• to mitw faced by th8 Charity as suth there is minimil rl8k. However thi8 $8 kept under corthnt at regulw boord ￿￿etIngs. Tho amount availabl• di•tri1￿tiM to •)d th• $urp￿* *h￿k1 irKxease 88 th• Charity ObJ•ctlv•• WHI •lm• ¢h•rilthl• (ty•¢l• ofAb&rcftxnbiè & Kont PhIl￿rr*iY are as frAknvs: To prrynot• for the benefft of the publk the conser￿M)n, protsction •KI impfo¥•m•nt ofthe phy81caS •KI n•turnl MVlroM￿nt by prcn)oting ￿0109￿81 imFn)¥•ment d tho physKal nabjral •nvironn proviiion ofgrants, or subshJiH. Publ1¢ b•nrf the conwrvotbn of the enmronment ond tha proM8ion of ad￿ation and med￿1 care lo ommurbltl•8 in nged. The bonefits Oxtend Iwond ge(graphi￿1 bDund•rw or othèr ro4triGtion• •ThJ aro Offer￿ to communiti•J in nwl worfttw*Je. Th• Tw•1￿$ clffirm that have Lxxnpllod wlth th• duty #et out *) •octb)n 4 of the Chaf7tw kt 21Th. to duo rqwd to lh• pubk ts￿n￿ guKlanc• publlthod ty th• Phlanth1￿ US. ththlch i• a US4A*l. IRS r•o*r•d $014-3 wilh •h•r•d US 8UFPOrt for mry• than 40 prry•ct• ¢Jn al 7 Cthin￿lI to W en8uro that hunan mad(6llng coots •rnl bank WKxvrnd. Thw• co•t• rv0••n￿ 5% 0fts￿ •xpenditur•. NANCWL RevEw Iwd •￿p￿•* IA £32.027. Thi• r••ult•d in •n •NJ •urplu• ol colts of £319. Thi• rn•uK•J •nd d y•w drfk* rrf (£875). r•8er4•1 of (£6,587) •Thl rn•trKt•d 01£178. ## **ABERCROMBIE & KENT PHILANTHROPY** ## **TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) (Continued)** ## **6 FUTURE PLANS** **AKP-UK has achieved positive impact at the critical household-level in developing regions around the world. Wherever A&K, the international tour operator, sends their guests, there is often an AKP project operating nearby. The process of “exposing” A&K guests to our philanthropic projects is the reason for AKP’s existence. It is for reasons of exposure/education that AKP-UK operational expenses are what they are. Education is central to our mission.** **Given our success at providing guests a deeper exposure to the educational, medical, conservation and job creation challenges our partner communities face, we believe our role remains relevant in society today and that we have a unique opportunity to fulfil a worthwhile mission. Plans for the future are to maintain this positive momentum for a long time to come.** ## **7 ACCOUNTING AND REPORTING RESPONSIBILITIES** **The directors are responsible for preparing the Directors’ Report and the accounts in accordance with applicable law and regulations** **Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.** **In preparing these accounts, the directors are required to:** - **[select][ suitable][ accounting][ policies][ and][ apply][ them][ consistently;]** - **[make][ judgements][ and][ estimates][ that][ are][ reasonable][ and][ prudent;]** - **[prepare][the][accounts][on][the][going][concern][basis][unless][it][is][inappropriate][to] assume that the company will continue in business.** > **The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006.** **They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.** **This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.** ## **On behalf of the Board** 28 September 2023 ABERCROMBIE & KEKf PHILANTtrROPY INDEPENDein eXAlAI￿RE RÉPORT TO THE TRUSTEES OF ABERCROMBIE & KENT PHILAiirtrRopY I r•port on the accounts ofAberucffibi• & K•nt Phlknnthmpy frYth• y••r WKl•d 31 D•cwt 2022, whkh •r• ••t wt tx) pa9M 7 to 13. R••p•ctlv• r••pon•lbllltl•• ¢*TnMt••• of th• Ch•rlty and •x•mln•r Th• Chadty'• TN$toM (who ar• al￿ the Oir•ctor8 ol the COm￿Y for tho purpoM• of cAynp•ny l*#} rnwslblg for the preParat￿n of the account• In accordanc• wlth th• r•wlrwnent• of tho Compftni8B *£t 21￿ I'lho 2006 Act). Th• Tru•t•M ¢M•4d•f th•1 an •udlt not r•qulrod fty Ihh yoar lurthr ￿ 144 of th• Chantss Act 2011 (th• Act) and und•r P•rt 16 d tho 20(B Act) and that an indeperldont examin•tion l• n••d•d. It b• my rD¥poniibilty to: exwnino th• Kcounts (und•r 145 01 th• Ndl; to foll￿ th• pmc•duM laid dcr•m in th• G8n•rnl Dlr•clon• 9i¥w by th• Com)iMlon•rn lund•r ￿tion 14S(SXb) ofth• A¢l).' •rnl 2006,. or . the Ktounts do not accorf with Such reco￿•.. or . the account8 do not c(xnply wlth r•le¥ant •¢r*un* r•quIrW￿ wKl•r ••ckn 398 th• compan￿ Act 20C6 Othor than any r•quir￿￿t that th• *o)unt• giv• • Iru• and l•lrf vlvw, which i• not 4 m•tt•r con•KI•￿1 •• ol an ind•widont •x•rnin•tiM; or tha account• h•¥• not b••n prep•r•d in Ktordan￿ wlth th• Ch•rlts• SORP IFRS 1021. I h•v• no and hm L¥Jm• acrc•• no othor m•tt•rn kn conn•cllon wlth th• •xamln•tion to whth attention •houfd be drawn In thh Y•pDrt In ord•r to •Mbl• a wop•r und•r•t•ndlng ofts a￿aUnts to be rea￿￿. 28 Sep.lember 2023 B•y•hlll Ro•d Ch•lt•fih•m GLIO 3AT A8ERCROIABIE & KENT PHILAimiROPY 8TATEMeKr OF FINANCIAL A￿E8 IWCLUOING 8UIAIAARY INCOIIE AND EXKNDrruRE AccouKr for the yèar ènd•J 31 Dfjc•nbef 2022 Unr••lrt¢tsd R••trl¢l•d Tot•1 Fund• Fund• 2022 2021 DOn￿onI 4nd 49,422 49,422 77,2e TOTAL INGOIIE 49.422 49,422 29.853 75.928 7(Kl 319 7fX) 1.874 32.027 NEf IIICOIAE FOR THE YEAR 17.395 17.395 1875) Fund bAlan￿ browt f(Thwd •t b•qlnnlno of yo•r (8,$6n 178 16,389) (5,714) FUND BALANce CARRIED FORWARD AT ENO OF YEAR 10.828 1Y8 11,(KIJ (8,3891 All •thltl•• ofth• (*mp•ny •r• w*lnuing aclk¥th••; th•rn w•r• no acgul￿tIOn$ In th• y••r. ## **ABERCROMBIE & KENT PHILANTHROPY Company No: 07650194 Charity No: 1146592** ## **BALANCE SHEET 31 December 2022** |**BALANCE SHEET**
**31 December 2022**|||| |---|---|---|---| |||**2022**|**2021**| ||**Note**|**£**|**£**| |**CURRENT ASSETS**|||| |**Debtors**|**7**|**20,060**|**2,582**| |**Cash at bank and in hand**||**36,007**|**8,326**| |||**56,067**|**10,908**| |**CREDITORS**|||| |**due within one year**|**8**|**(45,061)**|**(17,297)**| |**NET CURRENT LIABILITIES**||**11,006**|**(6,389)**| |**NET LIABILITIES**||**11,006**|**(6,389)**| |**REPRESENTED BY:**|||| |**Accumulated funds (unrestricted)**|**11**|**10,828**|**(6,567)**| |**Restricted funds**|**11**|**178**|**178**| |**TOTAL FUNDS**||**11,006**|**(6,389)**| **The company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.** **The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.** **The directors acknowledge their responsibilities tor complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.** **These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS 102 SORP.** **Approved by the board for issue on** 28 September 2023 ``` -7- ``` Walgs. aThd conwjenty do88 not ha¥• •h•ro <¥pit•l. Eath of member¥ r4 liaLlg to Chellenhwn GL50 3LG Tmth Iho Finf*￿t RoWXtwvJ Siandwd applKat40 in tho UK and crf lrnl•nd IFRS 102) i88ued on 16 JL* 2014, and with tho R•wt"ng Slandwd 4PF4c*bl& ￿ the Unrt•d Kingkn and Repjbk crf lrnland IFRS 102). with the Compani88 h£t 20CE. and with tha Charilie&Act 2011. ABERCROWE & KEKf PHILAimkRopY 140TES TO THE Accoupif8 for the year WKled 31 O•c*nkn 2022 AccouKnNo POUClE8 {Contlnu•d DebtoTr linduding trade d8btw and k)•rY4 r•rwth) arn ¢)n Mill recognrtK)n at 0Ottt0m•nt amount after any trado diKounts or rnnt advanc•d by th• Chanty. Subwu•nty. tw are me88Uf•d •t It• 4x•h or oth•r CAX)$￿ •xp•(l•d to be receivod. Cr•dttorn do8￿unts. SUpp)rt￿ by Al>ercrombk? & Kent US f*arfty. T￿ trustw ol tx*h AKP and tho US charity wot* togethw to 8upport b9n0ffi￿th and th? lJustO9s of th6 US ch•rity have Confi￿0d that tw are financ4aNy abl8 to arKI will to Support AKP. As described in the Truste88 Report, AKP 18 aUPPOrted by dOna￿on￿ from Iho AbercromtA'O & K¢nt office locxted in Ch•tt0nhwn and rf( ha¥ very little fixed coBt& or overh83d8. charttab￿ expondtture dwty folhy•A don*>n• r￿1Ved. W)Ilsl donAUono ¥bw•d. •• tr84ffj1 ere eased the curlng yaw, AKP anticpates that Fund• Théy are avJi1gble for at the diKrelton af the Trust￿8 in fvrth•rance of Chority'8 Ob￿ctiv￿ Restrithj fvnd8 arn tPM)88 whth are 8ubj.ect to Spedfic condltlon• Impo•ad by the thinorf8). DONATION8 AND LEGAcies 2022 2021 49.422 3,792 895 72.573 49,422 7T,260 ABeRCROIAIÉ & KEKf PHILAimiROPY NOTES TO THE AccouKf8 lor the ytsr •Nl•d 31 2022 20 73.1 2274 Support co¥ts Markeling •xp•nM• Bank and oth•r fin•nc• ¢h•ry88 7Crf) 319 G0￿man￿1 Go•th' AC￿nI￿n￿ f••• 1,674 1,890 32,027 77.935 K•nt ¢)lfic• kx•twJ in Ch•ll•nhwn •nd any fijnd￿￿n9 co•t• ar• met by t￿1. Th•T•ts• AJI oxp•ndilur• in 2022 w•• unro•trict•d fvnd•. In 2021. £72.573 of •xp•nditur• was from r••trkt•d lundi. wlth th• rwnalnlng £5.362 of •xp•ndlturn from unrn•tricA•d fvrbd•. IM>EPENI)Eiif EXAMINER REMUNEIIATION 2022 2021 1.074 1,674 1,890 TAXATION Th• c4>np￿Y not tr•J• for no wmtion t•x IWMIIty *)n tt• uh¥. 2021 Ab•ruornbh & K•nt UK -1 NOTES TO THE AccouKf8 for tho yèar •rnlwJ 31 D￿•m￿ 2022 CREDrroR8 du• In l••• thaft on• ymr 2022 20 1,740 43.321 1,740 15.557 Abgrcr(¥nbi• & K•nt us 45.(01 17.297 TRU8TEE8' REMUNERAT1014 AND EXPEN8E3 Durfng th• y••r non• of th• Truthes hth￿ b•on p* •ny r•mun•rntlon or ra￿l￿d ary other b•n•fft• frum In *4th thè Charlty or • r•l•tad Ontty. 10 EMPLOYEE8 During th• y••r. th•rn w•r• no 8laff •ffffjloy•d ty th• Ch•rty12021: nl). CM••(wty thern arn no •t•ff co•l•. •nd no •i)pkyfft• r•c44ffjd •nth•• hnoffl¥ of th•n £60,000. 11 FUNDS Totsl 2022 Fund• Fund• 8thnc• ￿h1 forward surp￿pJ(dI￿ lor th• yw (8.58n 17.395 178 18.389) 17,395 10,828 178 11.006 12 ANALY818 OF IIOVEMENT ¢)N Re8TRICTED FUND8 2022 B•l•n￿ Incomlng R••our¢•• Total 2022 H•rrdrni Ch&1￿,$ PrclKI 78 1(Kl 78 178 72,573 72,573 178 -11- NOTES TO THE Accoupir3 12 ANALY818 OF PAOVEMEKf ON RESTrICTED FUND8 {CoThtlnu•d) 20 8al*ne• In¢•mlng R••our¢•• Brought Forw•rd R••our¢•• exp•nd•d 2021 Han•rni Chldr•n'• Pr*t 78 1fK) 78 1tXI r2,sn r2.5n 178 72,673 72,573 178 Pufpo•• ol rn•trlct•d lund• FuThl• don•t•d •P•d￿l￿ for at th• Han•rl thlldrnn'• hom• h Indkn. FurAl• th)n•t•d •p•*dty fr¥ u0• at th• 811q￿ Fht B•* Part￿1 for Glrf• kn Jord•n. Fund8 donated for ua• ty th• Tr•*)l•zw Found•kn at Kd¢ Dory Ch•• 13 ANALY818 OF NEf A88Ef8 BETWEEN FUND8 T¢)l•l 2022 2022 Fund• Fund• Current al￿￿ Curmt li￿1￿11•• 55.889 I45.{￿1) 178 56.067 {17.297) 10.828 178 11. Tol•l 2022 2021 Fund• Fund• Cufr•nt ••••ts Cury•nl I￿lIrt 10,730 (17,297) 178 10,908 117,2971 (6.56n 178 {8.389} 14 RELATED PARTY TRANSACTIONS The Charlty is ￿llenty wpw)rt&l by •xtw¢d•d crnjit ternis frcffi A￿r(Im￿• & K•nl Philanthropy In&, 8 chaiity undor common control. -12-