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← Inspirasia Foundation UK

2024-06-30-accounts

REGISTERED CHARITY NUMBER: 1157564

INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

INSPIRASIA FOUNDATION UK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 18
Detailed Statement of Financial Activities 19

INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Profile

Inspirasia Foundation is a grant-making foundation dedicated to funding and supporting exceptional projects in health and education for marginalised communities and persons with disabilities. The foundation aims to give strategically and to work with grantees to be more effective and efficient, leading to more impact and long-term sustainable growth. By sharing the best practices, knowledge and expertise, the foundation also aims to inspire others to give and to give well.

1. Mission

To fund and support exceptional social initiatives by giving strategically and working hand in hand with local organisations to ensure impact and long-term sustainable growth. To inspire others to give and give well.

2. Vision

To become a leading philanthropic organisation that works with a more than money approach to grant making, so money is given and spent in the best possible way. To inspire others to learn from and utilise our knowledge in order to give and to give well.

3. Core Principles

4. How the achievement of the charity's aims will further its legal purposes.

a. The annual report with charity's achievements are in line with the charity's constitution and therefore furthers its legal purpose.

b. All achievements and core principles are in line with the charity's objects as stated in the constitution.

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INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

OBJECTIVES AND ACTIVITIES

5. The charity's strategies for achieving its stated aims and objectives.

a. Provide capacity building and non-financial support to help our grantees grow and be more efficient and effective to improve their sustainability and impact. We do this through partnerships with entities like the Annika Linden Centre

d. By inspiring other businesses and philanthropists we ignite a fire and can have more impact and social change

6. The criteria it uses to assess success in achieving goals.

7. Significant activities undertaken and how they contribute to the achievement of its aims and objectives.

a. In 2023, 4 charities were supported. For this reporting period the 2nd tranches of their 2023 grants were given and completed (or the 3rd and 4th for those that received 4 tranches throughout the year).

b. In 2024, 1 charity was supported.

8. Understanding long and short term goals of the charity.

Long term Goals:

In 2024, a decision was taken to formally close Inspirasia Foundation UK. After careful consideration, the Board of Trustees has determined that the Foundation's operations will be concluded, and the charity will be officially wound down. This decision comes after an extensive review of our current resources, future goals, and the evolving needs of the communities we have served.

Over the years, Inspirasia Foundation UK has been dedicated to driving meaningful change and making a positive impact in the lives of those who need it most. To ensure long-term program and financial sustainability through local ownership, the Trustees have decided that transitioning the Foundation's work to Annika Linden Centre is the most responsible course of action.

The mission and work of Inspirasia Foundation UK will be carried forward by the Annika Linden Centre, ensuring that our legacy of supporting marginalised communities continues to thrive.

By integrating these efforts into a locally managed institution, the Annika Linden Centre will take on the stewardship of our grant-making program, reinforcing sustainability and empowering the organisations we serve in alignment with the Foundation's original vision.

Short-term Goals:

i. Ensure all legal and regulatory requirements for the charity's dissolution are met. This includes notifying relevant authorities, ensuring all financial obligations are settled, and distributing any remaining assets in accordance with the foundation's mission or any binding agreements. ii. Close the charity's bank account and handle any remaining funds appropriately.

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INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

iii. Ensure that any tangible or financial assets are distributed in alignment with the charity's mission or the original intent of the donors.

iv. Although the charity will be closing, Inspirasia Foundation UK aims to ensure that the work, values, and mission of the Foundation continue through the Annika Linden Centre.

Objectives and Activities for the Public Benefit

The purpose of the CIO is to provide positive impact on disadvantaged societies and in particular promote advancements in areas of health, education and poverty alleviation. The charity is established to support non-profit organisations that create opportunities such as those that provide scholarships, assist with finding new jobs and rehabilitation. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the grant making policy for the year.

The work the charity does is beneficial as it ensures that disadvantaged communities are empowered and are provided with the opportunities that allow them to reach their full potential. Yearly we are able to reach thousands of persons that face challenges, come from disadvantaged backgrounds or have a disability. Without this necessary support they would not be able to live independently, with dignity and have chance to better their lives.

The Charity carries out these objects by:

Supporting exceptional local charities that work at grass roots levels providing support to disadvantaged communities.

Supporting the Annika Linden Centre, an incubator for impact and a centre for excellence for persons with disabilities, allowing them to come to one place to get assistive devices, rehabilitation, education and also find employment.

Supporting organisations that focus on improving the quality of education, providing scholarships to children from poor families and training. By receiving useful skills, they are able to get employment and improve their quality of life. By supporting these organisations the charity and grantees aim to break the cycle of poverty through education, empowering not only the children but their families and the communities too.

Supporting organisations focusing on health. The charity believes that without strong and healthy people, communities are not able to move forward, be empowered and support each other. We are as strong as the people within our communities so we should ensure health services are readily available and accessible.

All the grantees we support work on the ground to ensure the empowerment of individuals and communities in order to improve their quality of life, have a fair chance in life, increase their economic opportunities and live in a dignified way.

By focusing on these areas we achieve our strategic priorities of creating a positive impact on disadvantaged societies and in particular promote advancements in areas of health, education and poverty alleviation. By working hand in hand with our grantees we not only ensure that the funds given are spent well and have the most impact but also to support our grantees to be more efficient and effective to have more impact and long-term sustainable growth.

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INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

OBJECTIVES AND ACTIVITIES

Grantmaking

The Charity has established its grant making policy to achieve its objects for the public benefit to improve the lives of disadvantaged societies. The grant making policy is reviewed annually to ensure that it reflects the charity's objects and thereby advances public benefit.

Decisions taken in 2024

In 2024, a decision was taken to formally close Inspirasia Foundation UK. After careful consideration, the Board of Trustees has determined that the Foundation's operations will be concluded, and the charity will be officially wound down. This decision comes after an extensive review of our current resources, future goals, and the evolving needs of the communities we have served. Please see above "Long Term Goals"

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INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

ACHIEVEMENT AND PERFORMANCE

Achievements and Performance

Inspirasia Foundation aims to fund and support exceptional social initiatives by giving strategically and working hand in hand with local organisations to ensure impact and long-term sustainable growth.

Inspirasia Foundation UK's reporting year is from July 2023 to June 2024. Indonesian grants are for the period of January to December of any year. Therefore, this report covers the second half of their 2023 and the first half of their 2024 grant period.

In 2023, four (4) charities continued to be supported while in 2024 one (1) organisation was supported. All with a focus on education, health and/or disability.

Tranche given for this
Organisation Country Category period
Yayasan Kemanusiaan Bali, Indonesia Education 3rd & 4th Tranche 2023
Ibu Pertiwi (YKIP)
Education /
Yayasan Peduli Bali, Indonesia Health / 3rd & 4th Tranche 2023
Kemanusiaan (YPK) Disability
Yayasan Puspadi Bali Bali, Indonesia Disability / 2nd Tranche 2023
(Puspadi) Education
UCP Roda Untuk Jogyakarta, Disability/ Full Grant 2023
Kemanusiaa (UCP) Indonesia Advocacy Full Grant 2024

Capacity Building - More than Money Approach

Inspirasia Foundation UK believes that it takes more than money for social change. An organisation needs to be efficient and effective in order to generate and scale social change. For this reason our grants are packaged with non-financial support through capacity building, trainings and support from the Foundation's advisors and Annika Linden Centre. In 2022 and 2023 ALC continued to work with Inspirasia's grantees on their funding, strategies, succession plans, Monitoring and Evaluation and worked closely with all organisations on their financial management. Quarterly meetings were also held to get updates, support and see what further consultancy was required.

Annika Linden Centre team works closely with the charity's grantees and supports them through the grant making process.This allows growth, efficiency and ensuring funds are spent well. A number of other trainings were provided by the Annika Linden Centre through their NGO training series.

FINANCIAL REVIEW

Financial position

  1. Review of the charity's financial performance for the period and financial position at the end of the reporting period as can be found in this document.

  2. The principal funding sources of the charity and how they support the key objectives set by the charity.

  3. Mark Weingard is the charity's main donor

  4. Any significant future factors that will affect the future financial position of the charity.

  5. Inspirasia Foundation UK will be winding down in 2025.

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INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charitable Incorporated Organisation (CIO) is a registered charity, number 1157564, and is constituted under a deed last amended on the 8th January 2014. The history of the CIO is connected to the tragic loss of Mark Weingard's fiancée, Annika Linden. Devastated by his loss, Mark was inspired to help those affected by the bombings. And so, his philanthropic journey began. Since then, there was a realisation that organisations need to be efficient and effective to create real social change and the idea to give strategically and through a more than money approach developed. The CIO was created to provide better governance and structure and to create a charity that gives well and inspires others too. Today it has grown into a leading grant-making foundation, which funds and supports exceptional projects in health and education for marginalised communities and persons with disabilities, while inspiring others to give and give well. Over the years Mark Weingard has made substantial gifts to the charity. The charity does not actively fundraise and seeks to continue the charitable work desired by the donor through a proper grant-making process supporting grantees to grow into sustainable organisations creating long-term impact through the Annika Linden Centre.

Trustees

New trustees are appointed by the existing trustees and serve for three years after which they may put themselves forward for re-appointment. The Deed provides for a minimum of 3 trustees. Trustees are appointed by a resolution passed at a meeting of the charity trustees. Trustees must be chosen based on their experience, skills and knowledge that will contribute to the charity's objectives and effective administration of the charity.

The current Trustees are Philip Bergman, Miles Webber and Mark Isaacs.

Assisting the trustees, the Annika Linden Centre's Managing Director and other advisors meet at least quarterly, prior to the main trustees' meeting, to consider new grant applications fulfilling the relevant criteria and make recommendations for funding. While also reviewing grantee's annual reports, mid-year reports and provide any non-financial support and capacity building to the grantees. They also consider the monitoring information concerning the performance of grants to date, and make recommendations to the trustees concerning the conditions, extension, cessation or suspension of existing grant approvals. The Annika Linden Centre also provide additional consultancy and financial management to the Charity for all its grant-making process and to the charity's grantees to ensure money is spent well and creates the most impact, along with working towards sustainability.

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INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks. A Risk Matrix was conducted in 2019 and will be reviewed yearly.

A SWOT analysis on all grantees and also on the Charity was conducted and will provide as a foundation for any strategic reviews that will take place. These procedures allow for the Trustees to be aware of any risks, concerns and challenges that the charity or its grantees are facing and will be able to work with the Advisors to mitigate or plan for.

An internal review was also conducted in 2022. This allowed the Foundation to review Inspirasia's grant-making process, to assess our objectives, to analyse the results achieved and to consider any changes or improvements in our processes and methodologies that may be necessary to enable us to achieve measurable and more significant impact.

Although COVID-19 did improve, it still imposed some concerns on the charity and its grantees. Quarterly meetings continued to be held with the charity's grantees to ensure that they had the support and guidance they needed. The advisors and the grantees worked together to develop fundraising strategies for the organisations to look at long-term plans on increasing their Other Source of Funding. The trustees have acknowledged the continuous and impressive work done by the grantees during these challenging times and following.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1157564

Principal address

126 Archbishop Street Valletta VLT 1444

Trustees

M Isaacs P Bergman M Webber

Independent Examiner

Rushtons Chartered Accountants Shorrock House 1 Faraday Court Fulwood Preston Lancashire PR2 9NB

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INSPIRASIA FOUNDATION UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

REFERENCE AND ADMINISTRATIVE DETAILS Advisers

CAF Bank 25 Kings Hill Ave Kings Hill West Malling ME19 4JQ

Corren Troen Law LLP 35 Catherine Place London SW1E 6DY

11/04/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................... M Isaacs - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INSPIRASIA FOUNDATION UK

Independent examiner's report to the trustees of Inspirasia Foundation UK

I report to the charity trustees on my examination of the accounts of Inspirasia Foundation UK (the Trust) for the year ended 30 June 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

  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.

Adam Calvert ACA

Rushtons Chartered Accountants Shorrock House 1 Faraday Court Fulwood Preston Lancashire PR2 9NB

14/04/2025

Date: .............................................

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INSPIRASIA FOUNDATION UK

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Grants to Institutions
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2024
Unrestricted
fund
£
84,999
80
85,079
127,533
1,561
129,094
(44,015)
52,938
8,923		 2023
Total
funds
£
288,468
175
288,643
379,360
18,051
397,411
(108,768)
161,706
52,938

The notes form part of these financial statements

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INSPIRASIA FOUNDATION UK

BALANCE SHEET 30 JUNE 2024

2024 2023
Unrestricted Total
fund funds
Notes £ £
CURRENT ASSETS
Cash at bank 11,263 55,218
CREDITORS
Amounts falling due within one year 9 (2,340) (2,280)
NET CURRENT ASSETS 8,923 52,938
TOTAL ASSETS LESS CURRENT
LIABILITIES 8,923 52,938
NET ASSETS 8,923 52,938
FUNDS 10
Unrestricted funds 8,923 52,938
TOTAL FUNDS 8,923 52,938

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 11/04/2025

.............................................

M Isaacs - Trustee

............................................. M Webber - Trustee

............................................. Plat RS P Bergman - Trustee

The notes form part of these financial statements

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INSPIRASIA FOUNDATION UK

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash
equivalents in the reporting
period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period		 2024
£
(44,035)
(44,035)
80
80
(43,955)
55,218
11,263		 2023
£
(108,884)
(108,884)
175
175
(108,709)
163,927
55,218

The notes form part of these financial statements

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INSPIRASIA FOUNDATION UK

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Interest received
Increase in creditors
Net cash used in operations		 2024
£
(44,015)
(80)
60
(44,035)		 2023
£
(108,768)
(175)
59
(108,884)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.7.23 Cash flow At 30.6.24
£ £ £
Net cash
Cash at bank 55,218 (43,955) 11,263
55,218 (43,955) 11,263
Total 55,218 (43,955) 11,263

The notes form part of these financial statements

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INSPIRASIA FOUNDATION UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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.

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continued...

INSPIRASIA FOUNDATION UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

2.
DONATIONS AND LEGACIES
2024
£
Donations
84,999
3.
INVESTMENT INCOME
2024
£
Deposit account interest
80
4.
CHARITABLE ACTIVITIES COSTS
Grants to Institutions
5.
GRANTS PAYABLE
2024
£
Grants to Institutions
127,533
6.
SUPPORT COSTS
Governance
Finance
costs
£
£
Other resources expended
241
1,320		 2023
£
288,468
2023
£
175
Grant
funding of
activities
(see note
5)
£
127,533
2023
£
379,360
Totals
£
1,561

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.

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continued...

INSPIRASIA FOUNDATION UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 288,468
Investment income 175
Total 288,643
EXPENDITURE ON
Charitable activities
Grants to Institutions 379,360
Other 18,051
Total 397,411
NET INCOME/(EXPENDITURE) (108,768)
RECONCILIATION OF FUNDS
Total funds brought forward 161,706
TOTAL FUNDS CARRIED
FORWARD 52,938
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 2,340 2,280
10. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£ £ £
Unrestricted funds
General fund 52,938 (44,015) 8,923
TOTAL FUNDS 52,938 (44,015) 8,923

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continued...

INSPIRASIA FOUNDATION UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 85,079 (129,094) (44,015)
TOTAL FUNDS 85,079 (129,094) (44,015)
Comparatives for movement in funds
Net
movement At
At 1.7.22 in funds 30.6.23
£ £ £
Unrestricted funds
General fund 161,706 (108,768) 52,938
TOTAL FUNDS 161,706 (108,768) 52,938
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 288,643 (397,411) (108,768)
TOTAL FUNDS 288,643 (397,411) (108,768)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.7.22 in funds 30.6.24
£ £ £
Unrestricted funds
General fund 161,706 (152,783) 8,923
TOTAL FUNDS 161,706 (152,783) 8,923

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continued...

INSPIRASIA FOUNDATION UK

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

10. MOVEMENT IN FUNDS - continued

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
TOTAL FUNDS		 Incoming
resources
£
373,722
373,722		 Resources
expended
£
(526,505)
(526,505)		 Movement
in funds
£
(152,783)
(152,783)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.

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INSPIRASIA FOUNDATION UK

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Grants to institutions
Support costs
Finance
Bank charges
Governance costs
Accountancy and legal fees
Consultancy
Total resources expended
Net expenditure		 2024
£
84,999
80
85,079
127,533
241
1,320
-
1,320
129,094
(44,015)		 2023
£
288,468
175
288,643
379,360
401
1,260
16,390
17,650
397,411
(108,768)

This page does not form part of the statutory financial statements

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