REGisfERED COMPANY NUMBER: 08963655 {ETrWab)d and Wale5) REGlStERED CHARrtY NUMBER.. 1158729 Re rt ofthe Trustees a for the Year Ended 31 De(em Pu le Commun Fund Bennewith 2018 Llmited tla A J Bennewith & Co Upper Ground Floor 18 Famham Road Guildford Surrey GUI 4XA
le Commun Fund forthe Year Ended 31 DÈtember 2023 Report of the Truslees I to 4 Independent ExaMIS Report Statemert ol FinwKW Actl¥ltl Balance Sl*et Cash Slow Statement Notes to the Cash Flow Ststemert io Notesto the FSnan¢l•l Stat•m 11 10 20 Det•lled Stst•m•nt olFhwncl•l Athid•s 21 to 22
lè C)mmun Fund forth Year Ended 3 ber 2023 The trustees who are also directors of the tharity for the purposes of the Companies Art 21, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Rèporting by Chariknes.. Statement of Recommended practi applKable to charities preparing their accounts in accordance with the Finanaal Reportin8 Standard applirable in the UK and Republic ol Ireland IFRS 1021 leffective l January 20191. The Purple Community Fund IPCFI operates as a fundfaiSN)8 and advisory IM)ty supportlng and financing the relief and developmental work of rts sister charity Upskills+ Foundation Inc. IUFI) within the Philippines. PCF and UFI exlst as separate and Independent enthles operatlng under thelr respectlve legal and governance leglslatures within the UK and the Philippine5. In Jane Walker, both PCF and UFI share the same CEO. and thls enables the ¢harltles to work without barriers to ensure full transparency and clear lines of communication. OBJECTIVES AND A(nvmES oblert1$ and Alms The charity'5 objertives are. for the publk benefft. In the Phlllpplnes and elsewhere In the wortd: IA) The preventSon and lelief of poverty. IBI The advancement of education and tralnlng- (Cl The advancement of 8ood health. both physlol and mental. IDI The habilItatIon of virtlms of phy5Kal, mentsl and sexual abuse. PCF alm to aChIe these goals throu8h ralslng and aWarer In the UK and Work1r wlth our partner charlty Upskllls+ Foundatlon Inc. In the PhSllpplnes. Our beneficlarles are the poorest of the urban poor. thls Is poverty at Its worst. We fund and run a communlty education mentorln8 pro8ramme for $¢h(l dropouts as well as provldln8 community health and nutrition and communty livelihood and training pTo8rams. Publk benefft We have referred to the guldance contslned In the Charlry Commlsslon's general guldance on publlc beneflt when revlewln8 our aim5 and objertives and planning our future attivltie& In particular. the tru5tee5 conslder how planned activities will contribute to the aims and objectives they have set. Relatlonshlp Between PCF and UFI A formal Memorandum of Understandin8 ben PCF and UFI. agreed and signed by the respective boards of trustees, sets out the basis of the rdationship a5 well as the conditions and mechanics of funding provided to UFI by PCF. Funds held by PCF are released to UFI monthty in arrears. or In the case of grants accordlng to the donors stlpulated schedule. Where Instru¢tlon for the alloration and rew)rtin8 of provided hjnds 15 required. this 15 provTrded to UFI in advance. In the advent of extraordinary circumstsnces such as natural disasters and other instances where an emer8et)cy fundlng appeal is deemed necessary UFI will fom)aliy set out a situatlonjl assessment and a¢tion plan for PCF to facilitate an appropriate response. Page I
Pu le Commun Fund rt ofthe TNstees for the Year Ended 31 mber 2023 ACHIEVEMENT AND PERFORMAN Trustees Ststement 2023 proved to be a difficult and thallengin8 year for PCF where continued unortaintywithin the greater finantial environment. along with the onglxng cost of living prr*S restricted core fvndraising streams. For 2023 UK dèrlved funds of f345,514 represented an increase of 0.8% on the previous year1£342.7081. Ofthe totsl funds received £201,257 were sent to UFI in the Philippines Tepresenting a comparatively small decrease of 5% on the previous yèar1£212,8681. Against this backdrop measure5 were put in pla to focus on retalnlng PCF'S core supporter base. whilst at the same tlme continuing to promote wider awareftess of the essential nature of the outreach work UFI is undertaking In the Philipplnes. The key focus of artivity remains primarify in education where to date in the 20+ years since its launch. PCF has supported over l.OC(I children throughoLrt their educational journey. In 2023 a totsl of 365 students were supported in their edu¢atlon across six separate lo¢atlons In the Philippines covered by UFI. It has lon8 been the charity's belief that its objectl¥es are best seryed prlmartty through the attalnment of educatlon, leadlng on to P051tlve 0COMes. On a prartical le¥el the achievement of this aim necessitstes the need to also run holistlc social based programme5 Wtthln the supported communfty. A5 well as providing direct educational support UFI contlnues to run commvnity programme5 co¥erin8 He•lth & NLrtrition. Lbvelihood & Skills Tralnin8 and Welfare SeThlces through the funding provided by PCF. Whllst there was some necessary consolldatlon of PCF'S UK a¢tivltles the charity also experienced a redurtion In the workforce with the departure of a long servlng full lime employee. and with Jane's sister who had been working part time also continuing to suffer from health problems. This meant that effertlvely all UK operations and admlnlstration were beln8 handled solely byjane and Hannah. It was therefore agreed that an addttlonal staff member should be sought. partkularly to ass&t with tsrgeted fvndralslng throu8h 8rant applications, and to further strengthen corporate relationshlps. A new staff member, Laura. subsequently joined the team in September and started contrfbutin8 POSIttty to the charlty's fvndraisin8 efforts. In 2023 grant awards represented 18% of Income1£46,0941. It Is antlcipated that in 2024 with additional cèpaclty the number of UK 8rant application5 and subsequent awards wlll increase. With lane now spendin8 a slBn¢ficant part of the year In the Philippine5 It is essentlal for PCF to be able to sustsln UK operations in her absence. We are therefore thankful to now have Laufa onboard. Due to the outllned stafflng constralnts. 2023 saw a mUch-redUd presence at music festiva15, however product sales do remain an important part of PCF'S revenue generation strategy, as well belng an i¢onlc part of the charity's V15ual Idèntity. An updated produrt range along With an attendance at several one day Prode events saw produrt sales for the year achleve £39.S62. accountin8 for IS% of total revenue. Other than through 8rants and prOdt sales in 2023 the charws fundin8 streams came from donations, gift aid and bank account interest. Desplte a reductlon in UK funding UFI was still able to maintain Tts Core artmtles in the Philippines, supporting the daity educatlon of 365 students, as well a5 running healthca and INelihood programmes, benefitin8 48,271 individuals, compared to 53,975 in 2022. Budgetary TestTiCtions saw some alteratlons to the existing staffing structure and the windin up of more peripheral pmgrammes such as the communÈty farm. In 2023 donations from PCF accounted for 54% of UFI'S total income. Strategically It remains the long-temi objÈctive for UFI to generate a greater proportion of its total funding from local sources, With a 8oal of achiewng a level of sufficienLry increasingly less reliant upon UK sourced rncome. Given this aim it is antlcipated that Jane will be spending MO time frn the Philippines in 2024 and 2025 to contrate on strengthening the organisational strurture and enhance hjture capacity IxJildin8. Jane 15 the CEO of PCF and UFI She is ideally placed to be able to balance the needs of both moving forward. In 2024 she wtll aim to apwnt a full-time fundraÈser in the Philippines to work localtywlth newand long-e5trblished Ks. Page 2
le Commun Fund rtoftheT forthe Year Ended 31 December As ever. the trustees of PCF recognise the incredible work undertaken by Jane and Hannah over the tourse of the year. not only in maintsTrning the smooth running of the operation during difficutt times. but also for the tremendous demands and personal sacrifices that doinB this UrKFOubted inv0h. After experiencing so many challenges. we believe that the resour¢efulness demonstrated, combined wlth a clear strategy for 2024 places PCF in a stronz position to build upon its successes and tontinue to play an artive role In rellevlng poverty and pmviding sustsinable lon8-term opportunitiesfor its beneficiarie5. As always. we would like to recognise and thank the fvnders who have supported our projects and activities durin8 the year. whose generous 5UPPOrt we value high, as well as the generosity of the many individuals who support our work both financially and through volunteerin8. FINANCIAL REIEw Prlnclpal fundlng sources Funding comes from a variety of sources Including fornial grants. sponsorshlp, dwatlons. and general fvndralsing artivitles. Inve5tmert polky and obl¢ctl¥ onies not immediately required for the obledives of PCF are held In a deposlt accounL In Ilne wlth the Investment policy. The charity does not have any other investments. Reserve5 poIIcy The Trustees calculate the reserves as that part of the unrestrkted fvnds whlch Sn 2023 represents th general fund. As of 31st December 2023, the charlty had unrestricted free reserves of £31.653 coveflng 3 Months. cce runnSn8 Costs and £23.8 of legacy revenue to be used where needed. STRUCTURE. GOVERNAPICE AND MANAGEMENT Govemln8 document The charity is controlled by its 8ovemin8 documenL a deed of tru5L and constltutes a Ilmlted company, Ilmlted by 8uarantee, as defined by the Cornpanie5 Aci 2006. Charlty constllutSon The Purple Community Fund is an Incorporated charSty reglstered with the Charlty Commission. re8lstratlon number 1158729. Recrultment and appolntment of new truslees The Board assesses its skills base on a regular basis and fllls Identified gaps by advertlslng and recruiting new Trustees. Trustees are chosen for their complementsry skills, breadth of experience and contribution to the charity In a range of ways. New Board Members are appointed by the Board to serve tor a temi of two year5. The mSnimum number of Trustees Is three. New Trustees meet wlth MTS Brortwen Batey (Chalr) and Mrs Jane Walker Ichief Executlvel as part of an induction process. A strategic plannlng and revivw day is held annually by the Board. to review the strate8y and nsider key Issues efnerglng. Organlsatlonal 5trurture The Board of Trustees meets quarterly and is responsible for the strategic dirertion and policy of the charlty. Responsibillty for the day to day runnin8 of the charity and delivery of activttses is delegated to the Chief Executive and Management Team. Page 3
lu h Commun Fund f the Year ENled srRiicniRE. GOVERNANCE ANO MANAGEME•IT Rlsk man4ement The Trustees have reewed the major stratwc. business and op¢ratlonal rtsks, vknlch the charfty faces at thls stage of its development and have identified key risks. Ltlons to addrt5s kèy risk arèas have been agreed and progres5 Is revSewed regularfy. In addition, strong financial corrtrols are In place to mitigate the rlsk of ffinandal losses due to theft or fraud, and these contro15 are re8ulafly revlewed. The charlty also has In place a chlld prote£llon pollry whlch applies tD all stsff and TTrwstee5, volunteers or t¢)nSU0nts workTrn8 on behalf of PCF. REFERENCE AND ADMINISYRATIVE DETAILS Re815tered Company number 08963655 (England and Wales) Rffj15t•r•d Charlty humb•r 1158729 15ternd offlte 3 Pegasus House Pe835us Court Olympus Avenut WarvAtk Warwlckshl CV34 6L 8 Batey Ms R Malllwell-PaBet P M Leylne R &radshaw CcthpanySKr•twy MsELPerry Ind•p•nd•nt Ex•mln¢r Bennewlth 2018 Llmited Va AJ Bennewith & Co Upper Ground Floor 18 Farnham Road Gulldford Surrey GU14XA Approved by order of the board of trustees on.... . and sI¢d on Its behalf by: BBa Pa8e4
Inde ndent ExamlrtÈrfs Re le Commun rt to the Tru5tès of Fvnd Independent examlner's report to the trustee5 of Purple COmmnity Fund IlhÈ Companrfl I report to the charity trustees on my examination of the accounts ol the Company for the year ended 31 December 2023. Responsib11ft5es and basi5 of report As the tharity's trustees of the Company land also its directors for the purposes of company lawl you are responslble for the preparatlon of the ac£ounts in actordance with the requirewthts of thÈ Companies Act 2CK6 I'the 2(KJ6 Art'l. Having satisfied myself that the accounts of the Company arè not requlred to be audtted under Part 16 of the 2C(16 Att and are eli8ible for independènt examination, l report in respect of my examination of your Cha's accounts as carried out under Section 145 of the Charlties Act 20111.the 2011 Art'l. In carrying out my examination I have followed the Dirertion5 given by the Charity Commission undèr Sectlon 145151 Ibl of the 2011 ACL Independent examlns stat•m•ftt Slnce your charity's 8ross income eXCeed £250,CiX) your examiner must be a member of a listed body. l Can conffirm that l am quallfled to undertake the examination because l am a memtjer of the Instrtute of a)artered Accountants in En8land and Wales. which is one of the Ilsted bodies. I have completed my examination. I confirm that matters hwe come to my attention In Connertlon wlth the examinatlon giving me cause to belleve: accounting records were not kept in respert of the Company as required by Sectlon 386 of the 2C(J6 Act,. or the accounts do not a(rd with those records,. or the a¢tounts do not comply with the accounting requirements of Se¢tlon 396 ot the 2(M)6 Act other than anv requirement that the accounts glve a true and fair view whKh b not a matter considered as part of an independent examination; or the accounts have not been prepared in accordan the methods and prlnclples of the Ststement of Recommended Practice for atcounting and reportin8 by tharities (applicable to charities preparin8 thelr accounts in accordance with the Flnan¢ial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across rto other matters In Connectlon the examination to whlch attentlon should be drawn in this report in order to enable a proper under5tsndln8 of the accounts to be reached. A l Bennewlth The Instltute of Chartered Accountsnts in England and Wales Bennewith 2018 Limited tla A l Bennewith & Co Vpper Ground Floor 18 Farnham Road Guildford Surrev GUI 4XA Date.. Page 5
Pu le Commun Fund the Year Ended 31 December 202a 31.12.23 Total funds 31.12.22 Totsl funds Unrestricted hjnd Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 163.061 140,89) 303,951 297,550 Other tradlng artlvltles Investment income 40,453 i.iio 40.453 I,iio 44,893 267 Total 204.624 140.89) 345,514 342,710 EXPENDITURE 014 Raising funds 10.655 10,655 13,754 Charltable a¢tlvltles UK Actlvities Phlllpplne Activitie5 Other 119.888 80.565 119,888 212,706 133,636 211.542 1.326 132,141 Total 21L108 131141 343,249 360,258 NEf INCOMV(EXPENDtTURE) Trnnsfers between lunds 16,484) 25.126 8.749 25.1261 2,265 117,5481 17 Net movffi*nt In fvnds 18.642 116.3771 2,26S 117,5481 RECONCIUATION OF FUNDS Total funds brou8ht forward 106.065 28.038 134,103 151,651 TOTAL FUND5 CARRIED FORWARD 124.707 11.661 136.368 134.103 The notes fonn part of these finanual statements Pa8e 6
Pu le Commun Fund 31 De¢em 2023 31.12.23 Total funds 31.12.22 Total fvnds Unre5trirted fvnd Restricted funds Notes FIXED ASSETS Tangible assets 1.219 1.219 1,256 CURRENT ASSETS Stocks Debtors Cash at bank 14 27.478 3.393 99,576 27A78 3393 111.236 19,744 1,986 117,708 11.660 130,447 11,660 142.107 139,438 CREDITORS Amounts fallin8 due wlthin one year 16 16.9581 16.9581 16,5911 NET CURRENT ASSErs 123.489 11,660 135.149 132,847 TOTALA55Ef5 LESS CURREPIT UABILMES 124.708 11.660 136,368 134,103 NET ASSETS 124,7( 11,660 136,368 134,103 FUNDS Unrestricted funds Restrlcted funds 17 124.708 11,660 106,065 28.038 TOTAL FUNDS 136,368 134.103 The charltable company Is entltled to exeMpOn from audit under Secuon 477 of the Companies Art 26 for the year ended 31 December 2023. The members have not required the company to obtain an audlt of its finandal ststements for the year ended 31 December 2023 In accordan wkth Section 476 of the Companies Act 2006. The trustees acknowledge their reswnsibilrties for ensuring that the charltable company keeps accwntin8 retords that compty with Sectlon$ 386 and 387 of the Companies Art 2006 and preparing financial statements whlch gr¥e a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of tts surplus or deficit for each financlal year in accordance with the rU1reMnts of Sections 394 and 395 and which otherwise compty with the requirements of the Companles Act 2(*J6 relating to financial statements, so far as applicable to the chafttable company. Ibl Thè notes fonTh part of these financial statements Page 7 continued...
These f4nanclal statements have bEen prepared in occordance wlth the provlslons applIcae to charltable companks subject to the Small ¢ompanie5 rEwme. The fi•an¢lal STatem¢nt5 were approved bythe Board of Trustees and 4hOrISed for 5ssuè on ..l..S..-...t...-. ..LaL(¥ and were slgned on its behalf by- Batey. Tru The notes ftyrn part ofthesefinandal st•terner
le Commun Fund Cash Flow Ststement for the Year Ended ai December 202 31.12.23 31.12.22 Notes Cash flows from operntlngactl¥ltles Cash generated from operations 17,2131 123,5691 Net cash used in operating artivrf(ies 17.2131 123.5691 Cash Ilows from In¥estthg acth Purchase oftan8ible red assets Interest recèived 13691 I,iio 267 Net cash provided by investing a¢ti¥rtles 741 267 Change In cash and cash equS¥alents In the reportln8 perlod Cash and cash equlvalents at the be1 of the reportln8 perlod 16A721 123,3021 117.708 141,010 Cash and cash equ5¥alents at the •nd of t reportln8 period 111,236 117,708 The note5 form part of these firianaal statements Page 9
Commun Fund Notesto the for the Year Ended 311)e(ember RECONauAnON OF NET INCOME/IEXPENDmJRE) TO NEf CASH FLOW FROM OPERATING A1VITIEs 31.12.23 31.12.22 Net Incomel{•xpernliture) the reporttsw ptth)d {as per the Stateme of Financial A¢ti¥ltlesl Adjustments for.. Depreciation charges Interest received Increase in stocks Ilncrea5elldecrease in debtors Increaselldecreasel In creditors 2,265 117.5481 419 12671 14,0761 2,028 14,1251 li.iioi 17.7341 11,407) 367 Net cash ttsed In oporatlon5 7,2131 123.5691 A14ALYSIS OF CHANGES IN NET FUNDS At 1.1.23 Cash flow At 31.12.23 Net ush Cash at bank 117,708 6,4721 111,236 117,708 16,4721 111,236 Totsl 117.708 6.4721 111,236 The notes form part of these finantial statemerrts Page 10
Pu le Clxnrnun Fund Nole5 to thè Anandal Statements forthe Year Ended 31 DÈtember 2023 ACCOUNTING POLICIES 8•515 of preparMwth• foncial stat¢m The finantial ststements of the charitable company. which is a public benefrt entty under FRS 102, have been prepared in accordan with the Charities SORP IFRS 1021 'Accountin8 and RèsM)rting by Charities.. Statemeftt of Recommended Prartice applicable to charrties preparing their accounts In accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffèttive l January 20191,, Financial Reportlng Standard 102 'The Flnanaal Reportin8 Standard applicable In the VK and Republic of Ireland, and the Companies Act 2006. The financral statements have been prepared under the hlstorical cost eonventlon. Income All income is recognised In the Ststement of Nnancial Activities once thè charlty has entitlement to the funds, it Is probable that the Income wlll be received and the amount can be measured lfiab. Expendlture Uabilitles are rewgnised as expenditure a5 soon as there is a legal or ¢onstrurtive obligation commlttlng the charity to that expènditure, Ft is probable that a transfer of economic benefits will be required in settlement and the amount of the OblatIOn can be measured reliabty- Expenditure is accounted for on an accruals basss and has been classified under headin85 that •8gregate all cost related to the category. Where costs cannot be dlrectlv attrlbuted to partlcular headin8S they have been alkxated to activities on a bas consistent with the use of resources. Grants offered subjert to ¢onditions which have nrt been met at the year end date are rthed as a commltment but not accrued as expendilure. Tan8lble fl¥ed assets Depreciation is provided at the followlng annual rates ID order to wdte off each asset v¥er its estirnated useful Ilfe. Computef equ5pment 25% on reduc1 balan Stocks Stocks are valued at the lower of cost and net reallsable value. after makln8 due allowance for ob501ete and slow moving Items. T•xatlon The charity is exempt from corporatlon tsx on Its chaitable artr¥itles. Fund untI Unrestricted funds can be used In accordance with the tharitable objectives at the discretion of thè trustees. Restricted funds can onty be used for partlcular restricted pur[$ Withon objects of the charity. Re5triction5 arise when spetlfred by the donor or when fvnds are raised for particular restrirted purposes. Further explanation ofthe natu and purpose of each fund is induded in the notes to the financial Statements. Penslon costs and other p05t.retlremÈnt bÈnÈffts The charitable company operate5 a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are char8ed to the Statement of Finaftcial Actlvltles in the period to which they relate. Page 11 tontinued...
le Cornrnuni Fund the Hnandal Statemebts. continued forthe Year Ended 31 Iyecem DONATIONS AND LEGAaES 3L12.23 31.12.22 Donations Gift aid G¥ants 227.078 30.779 46,094 195.575 22.762 79,213 303.951 297.550 Grants recelved. Included In the atrthfe. are as follows: 31.12.23 31.12.22 Trust and Foundatlon grants Corporate grants 32,8CX) 13.294 Ii,ocA 68.213 79,213 OTHER TRADING ACTMTIES 31.12.23 31.12.22 Fundralsln8 events Product sale5 5,646 39,247 39,562 40,453 44,893 INVESTMENT INCOME 31.12.23 31.12.22 Deposlt account Interest I,iio 267 Pa8È 12 continued...
Pu le Commun Fund for the Year EThd 31 Dfflber 2013 RAISING FUNDS Ral4nz do•)atk)ns and Iyi¢s 31.12.23 31.12.22 Fundraiser Event costs Raffle prizes 7,267 3.775 11,884 2,595 3,350 11.049 17,829 Qlher tradlng actl¥lties 31.12.23 31.12.22 Opening Stock Purchases Closing stock 19,744 7,340 127.4781 15,669 119,7441 394 14,0751 A88re8ate amounts 10,655 13,754 CHARITABLE AcnvmES COSTS Grant fundlng of artivitles (see note 71 Support Cost5 (see t)ote 81 tmrect Totals UK Activities Phlllpplne Activitie5 I).364 10,524 119,888 212,706 212.706 Irp3.364 212.706 10.524 332,594 Page 13 contlnued.
Pu le Commun Fund for the Year Ended 31 December 2023 GRANTS PAYABLE 31.12.23 31.12.22 Philippine A¢tlvrtles Other 212.706 211.542 1,326 212,706 212,868 The total grants paid to institutions duringthe yearwas as folk)ws: 31.12.23 31.12.22 Upski115 Other 212,706 211.542 1,326 212,706 212,868 SUPPORT COSTS Governance costs Other Tota15 UK A¢tlvltles S.645 4,879 10,524 NET INCOMEIIEXPENDITUREI Net Incomellexpendlturel 15 Stated after ¢har8iWlcredFtin81: 31.12.23 31.12.22 Depreciation. owned assets 418 io. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratft or other beneffts for the year ended 31 December 2023 nor for the year ended 31 December 2022. There were no trustees, expenses paid for the year ended 31 tiecember2023 nor for the year ended 31 December 2022. Page 14 continued..
Pu It Commun Fund Notes to the Finala1 Statements. continued È Year Ended 31 December 202a 11. STAFF COSTS 31.12.23 31.12.22 Wages and salaries Social securtty costs Other pension eosts 78.270 2,410 1,105 86.722 3,453 1.105 81.785 91,280 The average monthly nvrnber of employees durin8 the year was as follows.. 31.12.23 31.12.22 UK office 5tsff No employees received emoluments In excess of £&),0. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAi ACTMTIES Unrestrirted fund Restrirted funds Total funds INCOME AND ENDOWMENTS FROM Donations and le8acbes 89,415 208,135 297,550 Other trading activities Investment income 44A93 267 44,893 267 Totsl 134,575 208,135 342,710 EXPENDMJRÉ OPI Ralsin8 funds 13.754 13.754 CharStable actlvltle5 UK Actlvities Phillpplne Artlvltles Other 133.636 47,480 133,636 211,542 1,326 164,062 L326 T¢)tsl I9470 165,388 360,258 NEf INCOMEIIEXPENDITUREI Iranslèrs between funds 160.2951 35.243 42,747 35.2431 117,5481 Nèt movèmÈnt In funth 125.0521 117,5481 RECONOLIATION OF FUNDS Total funds brought forward 131.116 20.535 151,651 Page 15 continued..
le Commun Fund Notes tothe Hnancial Statements. continued Year Ended 31 mber 2023 12. COMPARATIVES FOR THE SfATEMEPOF FINANCIAL ACnVtTIES. tontinued Unrestricted fund Re5trirted funds Total funds TOTAL FUND5 CARRIED FORWARD 106,064 28,039 134,103 TANGIBiE FLXED ASSETS Computer èqulpment COST At l January 2023 AddStlons 6,224 369 At 31 December 2023 6.593 DEPRECIATION At l January 2023 Charge for year 4,968 406 At 31 December 2023 5,374 NET BOOK VALUE At 31 December 2023 1,219 At 31 December 2022 1,256 14. STOCKS 31.12.23 31.12.22 Stocks 27,478 19.744 15. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.12.23 31.12.22 Other debtors Prepayment5 2,913 1,539 447 3.393 1,986 Pagè 16 continued...
le Communl Fund M(*tes tothÈ Hmancial Statements. continued for the Yeat Ended 31 Dernber 2023 16. CREDrn)RS: Amoupifs FAWNG DUE WtrHIN ONE YEAR 31.12.23 31.12.22 Trade creditors Social security and other taxes Other creditors Accrued expenses 1.962 1.971 62S 729 2.006 1,456 2,4CKJ 6.958 6,591 17. MOVEMENT IP4 FUNDS Net movement in fvnds Transfers between fund5 At 31.12.23 At 1.1.23 Unrestricted lunds General fund 106.065 16,4831 25,126 124,708 R•strlct•d lunds Upski115 Education Upski115 Health Upskills Welfare Up5ki115 Xmas Upskills Livellhood 24,347 30.199 1,070 5.244 11,0411 26,7241 143.039} 19171 16,3041 11,5901 26,724 11,507 153 2.631 28,038 8,748 11,660 TOTAL FUNDS 134,103 2,265 136,368 Net movement In funds, Included In the above are as follows.. Incomlng resources Resources expended Movement In funds Unre5trlrted funds General fund 204,624 1211,1071 16,4831 ReStrIrt funds Upskills Education Upskills Health Up5kills Welfare Upskills Xmas Upskills Livelihood 107.597 2.293 18.135 177,3981 11.2231 112,8911 16,5271 134.1031 30,199 1,070 5.244 11,0411 126.7241 7.379 140.890 132,142} 8,748 TOTAL FUNDS 345,514 1343.2491 2.265 Page 17 continued...
le Cornfftuni Fund Motes to the Financial Statements- continued forthe Year Ended 31 DecÈmber 2023 17. MOVEMENTIN FUNDS- continu Cornparati¥es for mowment in funds Net movement in funds Tr3rb5fèrs between fijnds At 31.12.22 At 1.1.22 Unrestricted furKIs General fund 131.116 160.2941 35.243 106,065 R¢strl¢ted funds Upski115 Educatlon Upskills Health Upskills Welfare Upskllls Xmas Upski115 Livelihood Ukraine 19.625 42.713 1.740 5,798 4.265 112.4711 701 137.9911 1.7401 15,5761 11,7061 12.471 17011 24,347 1,060 2,631 72 20.535 42.746 135,2431 TOTAL FUNDS 151.651 117.5481 134,103 Comparatlve net movement In funds, Included in the above are as follows: Incomln8 resol1rS Resouros expended Movement In funds Unrestrlrted funds General fund 134575 1194,8691 160,2941 Restrlrted funds Upskills Education Upskills Health Upsks11s Wèlfare Upskills Xmas Upskills Lfvellhood Ukraine 151.693 1108.9801 15.6081 18,1431 42,713 1,740 5,798 4.265 112,4711 701 13.941 4,265 28,861 2,027 141,3321 11.3261 208,135 1165.3891 42.746 TOTAL FUNDS 342,710 1360,2581 17,5481 Page 18 ontinued..
Pu IÈ CokThnun Fund Notes tothe Rnandal Statements. contlnued forthe Year Ended l De¢ember2023 17. MOVEMEPn IN FUNDS- continued A ¢urrent year 12 months and prior year 12 rnthS tomblned position is as follows: Net movement in funds Transfers between nds At 31.12.23 At 1.1.22 Unrestrkted funds General fuAd 131.116 166.777) 369 124,708 R•strkted fvnds Upskllls Education Upskills Health Upsk1115 Welfare Upskllls Xmas Upskills Llvellhood Ljkraine 19.625 72.912 2.810 11.042 3.224 139.1951 701 181.0301 12,6571 111.8801 13.296) 39.195 17011 11,507 153 20.535 51,494 60,3691 11,660 TOTAL FUNDS 151,651 IIS.2831 136,368 A curnt year 12 months and prior year 12 months comblned net movement In fvnds, Included In the above ale as follow5.. Incomln8 resources Resource5 expended Movement in funds Unrestrlrted funds General fund 339.199 1405.9761 166,7771 Restrlcted funds Upskills Education Upskills Health Upskills Welfare Up5kills Xmas Upskills Livelihood Ukralne 259.290 9,641 32,076 9.751 36,240 2.027 1186,3781 16,8311 121,0341 16,5271 175,4351 11,3261 72,912 2,810 11,042 3,224 139,1951 701 349.025 1297.5311 51,494 TOTAL FUNDS 688.224 1703,5071 115,2831 Page 19 tontinued...
le Commun Fund Notts to the Nnan(3al Statements- continued forthe Year Ended 31 December 2023 17. MOVEMENT IN FUNDS- continued Up5kllls Educatlm.. Funds received to support children in our education projects for our work in thè Phlllppines th our partner Upskills plus foundation In Vpskllls H•alth: Funds fecelved for our health clinic and projects for our work in the Philippines with our partner Ljpskills plus loundation In¢. Upskllb Welfare: Funds received for projects related to welfare within the ¢¢mmunlty for our work In the Philippines with our partnèr Upskills plus foundation InG Upski115 Xmas: Funds received for projects related to Chrfstmas food parcets for the children in our Education project and the communrty for our work in the Philipplne5 With our partner Upski115 plus foundatlon Inc. Upskllls Ll¥ellhood.. Funds recelved for prolects related to INeliho¢)d for our work in the Philipplnes wtth our partner Upskills plus foundation Ino Ukralne.. Profrts from the sales of brooches sent to the The Jacob Wells Appeal to send medlcal supplles to the Ukralne. Transfers between funds An admlnlstratlon percentase of 40% Is tsken from non*rant donations for specific Upskills and other projects. Thlsls used to ensure the charity has sufficient resource5 to cover the office and adrninistration costs In the UK. The administratlon percentage Is shown as a trnnsfer from the Restrlcted Fund to Unrestrtcted. REiATED PARTY DisaosvRES There were no related party transactions for the year ended 31 December 2023. Page 20
le Commun Fund Detaiw Statement of FirAla1 Activltles forthe Year Ended 31.12.23 31.12.22 INCOME AND ENDOWMEpif5 Donatlons and 1cleS Donations Gift aid Grants 227.078 30.779 195,575 22,762 79,213 303.951 297,550 Othèr tradlng activities Fundraising events Product sales 891 39.562 39,247 40.453 44,893 Investment Income Dep051t actount interest I,iio 267 Total Incomlng resourus 345.514 342,710 EXPENDITURE Ralslng donatlons and le8a¢l•s Fundraiser Event costs Raffle prizes 7,267 3,775 11,884 2.595 3,350 11.049 17,829 Oth•r trad1 actlvhles Opening stock Purchase5 Closing stock 19.744 7,340 127,4781 15.669 119,7441 13941 14.0751 Charltable actmtles Wages Social sècurity Pension5 Prèmises costs Insuran Carried fonward 78,270 2,410 1,105 1,480 1,074 84,339 86.722 3,453 1,105 1.450 1.145 93,875 This pa8e does notfom part of the statutory financtal statements Page21
Pu e Comrnun Fund Detailed stateme ol Fknanclal Artivit forthe Year Ended 31 DecènthÈr2023 31.12.23 31.12.22 Charitable artivities 8rou8ht forward Telephone and statlonary Travel and subStence Advertising and marketing Sundries Bank and paypal charges Computer consumables Subscriptions Web51te costs Rep31rs and Malntenance Computer equipment Grants to Instltutlons 84,339 4.222 8.499 6,553 1,135 2,250 882 iio 93,875 6.226 7.873 7,173 2,593 1.543 iio 1,596 250 419 212,868 212,706 322,070 335,094 Support ¢05ts Other 8ookkeeplng 6,811 Gov•mance costs Accountancv Legal and professlonal fees 3,120 1,759 1,599 4.879 4,599 Total rex*ur¢e5 expended 343.249 360,258 Net Incom•ll¢xp¢ndltur•} 2,26S 17,5481 Thi5 page does not forni part ofthe ststutory financial statements Page 22