Charity registration number 1154872
Company reglstratlon numb&r 08508669 {England and Wales)
SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEEI
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Sr K O'Flynn
Rev J G Greene
Mr A Henderson
Charty numbèr
1154872
Company number
08508569
Registered office
PO Box 501
The Nexus Building
Broadway
Letchworth Garden City
Herts
SG6 9BL
Independent examiner
UHY Hacker Young
PO Box 501
The Nexus Building
Broadway
Letchworth Garden City
Herts
SG6 9BL

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustees report
Independent examinerfs report
statement of financial activities
Balance sheet
Notes lo the financial ststemenls
6-13

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees present their annual report and financial statements for the year ended 31 December 2022.
The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the charity's governing document, the Companies Act 2006 and
'Accounling and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing
their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelantl
IFRS 1021° las amended for accounting periods commencing from 1 January 20161
Objectives and activities
The charity is established for the publi¢ benefit to advance education and presetve and protect good health in
South Sudan by..
supporting the creation of self-sufficient education, healthcare, agricultural and other infrastructure projects
the provision of training, instruction or pastoral care lo those who are poor in order lo develop their physical,
mentsl, emotional and spiritual capacities
providing or assisting in the provision or education and healthcare of any child or person in keeping with the
precepts of the Christian faith and Christian ideals
providing assistance for the training of lea¢hers, parents, youth leaders or other persons engaged, or to be
engaged, in the provision of education. leadership or instruction of individuals
providing where needed, assistance for the furtherance or development of education and healthcare including
youth leadership, religious and moral development espeaally the young and socially and economically
disadvantaged
providing any further assistance as the Iruslees may from lime lo lime think fit for the provision of educab.onal
and healthcare facilities
to cooperate with other charitable organisalions whether local, national or international for any of the foregoing.
The trustees have paid due regard lo guidance Issued by the Charity Commission In deciding what activities the
charity should undertake.
Achievements and performance
Flnanclal revlew
During the year the charity had incoming resources of £105,739 12021.. £131,1301 and outgoing resources of
£146,071 12021.. £109,9161.
Investment assets losses amounted to £774,496 12021.. £451,393 gains), which comprised of £143,296 in
relation lo nel losses on disposals of investments assels12021." £20,080 nel gains on disposals) and £631,200
that refers lo a nel decrease12021.' £431,313 nel increase) in market value of investments assets
Accumulated unrestricted funds carried forward amount to £3,654,820 12021.. £4,467,792) and accumulated
restricted funds carried forward amount to £48,42612021.' £50,282).
The trustees have no COn￿r￿S about the company continuing to operate as a going con￿rn and consider il will
be able lo meet ils Iiabililies as they fall due.
The charity has an investment portfolio managed by Quilter Cheviol on their behalf. The intention is to hold the
portfolio for al least five years with the income generated being available lo meet the core objectives of the
charity.
The trustees have assessed the major risks to which the company is exposed, In particular those related to the
operations and finances of the company, and are satisfied that systems and procedures are in place lo mitigate
exposure lo the major risks. The trustees have also paid attention lo the ongoing consequence5 of the political
instsbilily in South Sudan and relain all funds in the UK until the lime of need and then only for specific projects.
The charty's main investments are held in order to help transition the management of activities to local South
Sudanese management. Unrest in recent years has significantly delayed this process and trustees are
considering what other interim uses could be made of these investments.

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Structur•, gov•rn*nce and manag•m•nt
The r.hArity IR rAOi¢tp.rp.A a* # chgritable company limit•d by 9u•ranl•• and was Éat up on 20 April 2013 and
registered as a charity wilh the Charrty Commission for England and Wales on 4 December 2013. Its company
numb&r is 08S08560 and its oharity number 18 1154872.
The charity 15 ￿1}s11¢U1￿￿ yrKJ¥r s Memorandum of Assodaiion date¢J 24 April 2013 as amenoed by SperA81
Resoluiions of 5 November 2013 and 19 February 2015. Tho liability of the members Is limited. Every member of
th¥ bharily undenakes io conirfbut8 ro iY)e asseis of thè ch8nty. If rt IS WOLJnd LJP whilst helshe is a mèmb&r
within on8 yèar after helshe ￿tseS lo be a member, such anv)unls as may be requlred r￿1 exceedlng one
pound.
The charity adheres to the principles of solmdarity and lo the charilable puwises of the 'Solidarlty wlth Soulhem
Sudan PToiecl'. a collatK)rative inlematinnal projerl iindèrtakèn by memb•rs of the USG Iunion of Superiors
Gener811, UISG Ilntem¥lional Union of Superiors Generall, and South Sudan Calhofic Bishop Conference. The
charity was e$tablish9d to facilitate tho projcct's admini?tratitsn In particular it& ability to raise fuiiTJ¥
intem81ionally, through grant applications and donats'ons, lo support the work being undertaken in South Sudan.
The trustees have considered the impact of Covid-19 on the charity and are aware that income and asset valueg
may fall ir) Iliv fulur¥. A5 the charfiy aoes nor have any regular commitments and is prepared lo take a long temi
ew of investments, the twste8s do r￿t cLsnsilor any imm8di81e aclions are needed but wtrll monitor events 8nd
ath accomingty.
The trustees. who are also the dlrectors for the pUrp￿e of ryjrnpany law, and who served during thè year and up
to the date ol signature ol the financial statements w8re'.
Sr K O'Flynn
Rev J G G￿ene
Mr A Henderson
Th¢ rnanagernenl uf the Gharfty15 the re5ws1￿1IIY of Ihe trustees who are elected and C1￿￿ted under the lems
of the Memorandum of AssociatA)n dated 24 April 2013 as amen(Jeil by Special Resolulwjns of 5 November 2013
and 19 February 2015. The names of the InJstee5 are sel out on the atta¢hed scheoule of legal and
8dministr8tive infom81ion as well as 8txive. The Injstees are chosèn on thè basis of their wlllingnèss to serve,
a￿'lity, govemancg. experience and $upport of the ethos. mission and philosophy of th6 charity.
None of the trustees has any beneficial interest in the charity. All of the truste8$ are members of the charity and
uuarantAg. tn rJ)ntribute £1 in th8 avent of o winding up.
The Irustees are uiiimaiely responslble lor the policies, activitses and assets of Ihe charity. The trustees meet on
a regupar basis to make d&¢isions on behalf ol the chanty.
The tDJ$tees reF41 was approved by the Board of Trustees.
Mr A Henderson
Tmstee

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOLIDARITY PROJECTS LIMITED
I report lo the trustees on my examination of the financial statements of Solidarity Projects Limited Ilhe charity)
for the year ended 31 December 2022.
Responsibilities and basis of report
As the Iruslees of the charity land also ils directors for the purposes of company lawl you are responsible for
the preparation of the financial stslemenls in accordance with the requirements of the Companies Act 2006
(the 2006 Act).
Having satisfied myself that the financial statements of the ¢harily are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the
charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examinerfs ststement
I have completed my examination. I confirm that no matters have come to my attention in connection with the
exaTnination giving me cause lo believe that in any material respect".
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or
the financial 51alements do not accord with those records., or
the financial statements do not Comply with the accounting requirements of section 396 of the 2006 Act
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., or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practi￿ for accounting and reporting by charities applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the financial slalemenls lo
be reached.
Scott Rouse FCA
UHY Hacker Young
PO Box 501
The Nexus Building
Broadway
Lelchworth Garden City
Herts
SG6 9BL
Dated..

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted Restricted
fund$
funds
2022
2022
Total
Total
2022
2021
Notes
Income from:
Donations anLI legacies
Investments
35,436
53,847
16,456
51,892
53,847
83,376
47,754
Total income
89,283
16,456
105,739
131,130
Ex
enditure on:
Governance costs
Charitable activities
42,658
85,101
1,856
16,456
44,514
101,557
64,556
45,380
Totsl expendlture
127,759
18.312
146,071
109,918
Net gainslllossesl on investments
1774,4961
1774,4961
451,393
Net movement in funds
1812,9721
11,8561 1814,8281
472,607
Fund balances al 1 January 2022
4,467,792
50,282
4,518,074
4,045,467
Fund balances at 31 Dacembar 2022
3,654.820
48,426
3,703,246 4,518,074
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The statement of financial activities also complies with the requirements for an income and expenditure ac¢ounl
under the Companies Act 2006.

avLiuAfEI i T l J LIMI I
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
AS AT31 DECEMBER 2022
Z022
2021
Not••
Fixed a$s•ts
T¥ngible assets
Investments
10
11
15,460
3,23S,772
23.191
4.036,85..
3,251,232
4.060,04:
Cun•nt A4¥•t8
Debtors
Cash at bank and in hand
12
2,695
460.510
475,874
463.205
477.818
CredStorn= •mounts falllng due wllhln
one y•ar
13
{11.1911
119,7871
Nel current awls
452,014
458,03-
Totsl a8Ut8 less currènt Ilabllltles
3,703.246
4,518.07L
Income funds
Rèslrfcled funds
Unresirteted fvnds
48,426
3.654.820
4,467,794
3,703,246
4.S18.074
The company is entstled to the exemption from the audit rgquirement contsined in secI￿n 477 of tha Companies Aej
2006, lor Ihe year ended 31 December 2022.
Thè directors acknowledge their re$ponsibiliti&s for c￿mp￿ing with the requirements of the Companies Art ?tK)6
Ith respect to accountsng re￿rdS and the preparallon of financlal statements.
rhe members have not requifed the company to obtain an audit of its finanual ststements for the yèar in quA%tion
n accordanca with secbon 476.
rhese finanual statements h8ve been prepared in aecordance wlh thè provisions 8DDlicable to tompanios subjeet
o the small ts)mpanies regime.
MIIY TDIS
rhe financial s18tem$nts were approved by the Trustees on .........................
Ar A Hend8rson
rrustee
ompany R•gl$tratlon No. 08508569

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policies
Charity inforniation
Solidarity Projects Limited is a private company limited by guarantee incorporated in England and Wales. The
registered office is PO Box 501, The Nexus Building. Broadway. Letchworth Garden City, Herts, SG6 9BL.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Igoverning documenll. the
Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and RepLJblic of
Ireland" l°FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffedve 1 January 20191. The
charity is a Public Benefit Enlily as defined by FRS 102.
The charity has tsken advantage of the provisions in the SORP for charities not lo prepare a Slalement of
Cash Flows.
The financial stslemenls are prepared in slet1ing, which is the functional currency of the charity. Monetary
amounts in these financial ststemenls are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention, Imodified to include the
revaluation of freehold properties and lo include investment properties and certain financial instruments al fair
valuel- The principal accounting policies adopted are set out below.
1.2 Charitable funds
Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable
objectives.
Reslricled funds are subject lo specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial slatemenls.
Endowment funds are subject to specific conditions by donors that the capitsl musl be maintained by the
charity.
1.3 Income
Income is recognised when the charity is legally entitled lo il after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised On￿ the charity has been notified
of the donation, unless performance condrtions require deferral of the amount. Income lax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation.
Legacies are re¢ognised on receipt or otherwise rf the charity has been notified of an impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Turnover is measured al the fair value of the consideration received or receivable and represent amounts
receivable for goods and services provided in the normal course of business, nel of discounts, VAT and other
sales related taxes.
1.4 Expendlturg
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a
third party, il is probable that a transfer of e¢onomi¢ benefits will be reqUI￿d in settlement and the amount of
the obligation Can be measured reliably.

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollcles
Icontlnuedl
Charitable activities are grants payable to charitable institutions and individuals.
Govemance costs are costs incurred relating lo the governance of the Charity and are not apportioned to
charitable activities.
l expènditure is inclusive of irrecoverable VAT.
1.5 Tanglble flxed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their ￿sIdUal values over their
useful lives on the following bases..
Motor vehides
25% on cost
The gain or loss arising on the dispos81 of an asset is detemined as the difference between the sale proceeds
and the Carrying value of the asset, and is recognised in the slalement of financial adivities.
1.6 Flxed asset Investments
Fixed asset Investments are initially measured al transaction price exduding transaction costs, and are
subsequently measured at fair value al each reporting dale. Changes in fair value are recognised in nel
incomellexpenditurel for the year. Transaction costs are expensed as incurred.
1.7 Impalrment of flxed assgts
At each reporting end date, the charity reviews the carrying amounts of ils tangible assets to detemiine
whether there is any indication that those assets have suffered an impaimienl loss. If any such indication
exists, the recoverable amount of the asset is eslimaled in order lo determine the extent of the impairment
loss lif any).
1.8 Cash and cash equlvalents
Cash and cash equivalents indude cash in hand, deposits held al call wth banks, other short-lerm liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowings in cuirenl Iiabililies.
1.9 Financial instrument5
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of ils finanryal inslrumenls.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the inslrumenl.
Financial assets and liabilities are offset, wrth the net amounts presented in the financial slatemenls, when
there is a legally enforceablè right to sel off the recognised amounts and there is an intention to sellle on a nel
basis or lo realise the asset and settle the liability simultaneously.
Basie financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price induding transaction costs and are subsequently carried at amottised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng pollcles
Icontlnuedl
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constilules a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted at a market rate of Interest. Financial Iiabililies dassilied as payable
thin one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as CLJrrent liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequenuy measured al amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derècognised when the charity's eonlractual oblig8tions expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday enliuement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
lo lerminale the employment of an employee or to provide termination benefits.
Critical accounting Ostimates and judgements
In the application of the ¢harily's accounting policies, the Iruslees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual results may differ from these eslimales.
The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donatlons and legacles
Unrestricted Restricted
fund$
funds
Total
Total
2022
2022
2022
2021
Donations and grfts
Olhei
35,200
236
16,456
51,656
238
83,254
122
35,436
16,456
51,892
83,376

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Investments
Unrestricted Unrestricted
funds
funds
2022
2021
Income from listed investments
53,847
47,754
Governanc& costs
Unrestrlcted Restrlct&d
funds
funds
Totsl
Totsl
2022
2022
2022
2021
Bank fees
Office costs
Travel
Legal professional
Accountancy
Investment management fees charged directly lo
investment account
Sundry costs
222
2,522
968
10,025
4,428
186
2,244
1,261
484
10,025
4,428
1,261
484
13,337
6,341
26,349
26,349
27,865
14,583
42,658
1,856
44,514
64,556
Grants payable
2022
2021
Grants lo institutions18 granlsl..
Solidarity with South Sudan
Solidarity with South Sudan (Wau Cornmunityl
Catholic Health Training Institute
77,371
10,000
31,294
87,371
31,294
Grants lo individuals11 grant)
6,456
6,336
93,827
37,630

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
Employees
The average monthly number of ernployees during the year was..
2022
Number
2021
Number
Total
Net gainsl{lossesl on investments
Unrestricted Unrastricted
funds
funds
2022
2021
Revaluation of Investments
Gainlllossl on sale of investments
1631,2001
1143,2961
431,313
20,080
1774,4961
451,393
Taxatlon
The charity is exempl from lax on profits and gains lo the exienl that these are applied to r(s charitable
objectives. No tsx Charges have arisen in this period.
10 Tangible fixed assets
Motor vehi¢lÈs
Cost
Al 1 January 2022
30,920
At 31 December 2022
30,920
Depreclatlon and Impalrment
At 1 January 2022
Depreciation charged in the year
7,730
7,730
Al 31 December 2022
15,460
Carrying amount
Al 31 December 2022
15,460
Al 31 December 2021
23,190
10-

SOLIDARITY PROJECTS LIMITED
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2022
11
Fixed asset investments
Llsted
Investments
Cost or valuation
At 1 January 2022
Additions
Valuation changes
Disposals
4,036,853
887,052
1774,4961
1913,6371
Al 31 December 2022
3,235,772
Carrylng amount
At 31 December 2022
3,235,772
Al 31 December 2021
4,036,853
12 Debtors
2022
2021
Amounts falllng due wlthln on& year:
Prepayments and accrued income
2,695
1,944
Prepayments and accrued income relates to accrued dividend income from the charity's investment portFolio.
13 Credltors: amounts falllng due wlthln one year
2022
2021
Accruals and deferred Income
11,191
19,787
Included within accruals and deferred income is an accrual for the preparation and independent examination
of the charity's financial statements and an accrual for management Charges relating to the charity's
investment portfolio managed by Quilter Cheviol.

## **SOLIDARITY PROJECTS LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

|**14**<br>**Analysis of net assets between funds**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>Fund balances at 31<br>December 2022 are<br>represented by:<br>Tangible assets<br>15,460<br>-<br>Investments<br>3,235,772<br>-<br>Current assets/(liabilities)<br>403,588<br>48,426<br>3,654,820<br>48,426|**Total**<br>**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**2022**<br>**2021**<br>**2021**<br>**£**<br>**£**<br>**£**<br>15,460<br>23,190<br>-<br>3,235,772<br>4,036,853<br>-<br>452,014<br>407,749<br>50,282<br>3,703,246<br>4,467,792<br>50,282|**Total**<br>**2021**<br>**£**<br>23,190<br>4,036,853<br>458,031|
|---|---|---|
|||4,518,074|



## **15 Related party transactions** 

The trustees were reimbursed expenses of £203 (2021: £nil) during the year. 

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