REGISTERED COMPANY NUMBER: 09543610 (England and Wales)
REGISTERED CHARITY NUMBER: 1164364
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
FOR
GOOD SHEPHERD FOUNDATION UK
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
GOOD SHEPHERD FOUNDATION UK
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
|
Page |
Page |
Page |
Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Cash Flow Statement |
|
7 |
|
Notes to the Cash Flow Statement |
|
8 |
|
Notes to the Financial Statements |
9 |
to |
14 |
Detailed Statement of Financial Activities |
|
15 |
|
GOOD SHEPHERD FOUNDATION UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023
Thetrustees,whoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct,submit their
annualreportandthefinancialstatementsfortheperiodended30April2022.Thetrusteeshave adopted
theprovisionsoftheStatementofRecommendedPractice(SORP)"AccountingandReporting by
Charities" issued in 2015 in preparing the annual report and financial statements of the charity.
Thecharityisacharitablecompanylimitedbyguaranteeandwasincorporatedon15April2015.It is
governed by a memorandum and articles of association.
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheobjectivesoftheCharityaretoadvanceeducationinIndiaandothercountriesinSouthAsia, and
alsopromotionofhealthcare,relief,advocacyandadvancementoftheChristianfaithinthese countries
by all charitable means as may seem appropriate by the Charity.
TheCharityissupportingtheworkofpartnersinIndiathroughsustainablelong-termprojects with
partners.
GSF UK is mindful of updated regulations around charitable work in India.
Public benefit
TheTrusteeshavereferredtotheguidancecontainedintheCharityCommission'sgeneralguidance on
public benefit when reviewing the Charity's aims and objectives and in planning future activities.
Fundraising and Grants
TheTrusteesareresponsibleforfundraisingandincomegenerationforprojects.Thecharitydoes not
consideritnecessarytohirefulltimefundraisingstaff,keepinginmindtherestrictionsontravel and
other prevailing uncertainties relating to the pandemic and related risk to UK staff.
Grantscontinuetobemadebykeypartnerswhoarefullyengagedinprojectsthatalignbothinterms of
short term and long-term objects of the charity.
STRATEGIC REPORT
Principal funding sources
Thefinancialresultsfortheyeararesetoutintheattachedaccounts.Totalincomeraisedforthe year
ended30April2023was£740,922comparedtototalincomeof£539,452duringtheyearended30 April
2022.Therewasadeficitof£551,168fortheyear,comparedwithasurplusof£121,429forthe year
ended30April2022.Thetotalreservesat30April2023were£585,407comparedwith£1,136,575at 30
April2022.Totalexpenditureduringtheyearwas£1,292,090,comparedwithtotalexpenditure of
£418,023 during the year ended 30 April 2022.
Investment policy and objectives
The Charity maintains its surplus cash in a deposit account with the Charity's bankers.
Reserves policy
Thecharityreviewsit'sreservesonanongoingbasisandconsiderstheyearendreserveswhich in
majorityrepresentunrestrictedfundstobeadequatetomeetitsfuturecommitmentsand obligations
relating to funding for projects and aid requirements.
Future plans
TheCharitywillcontinuetoadvancethedevelopmentofeducation,healthcare,providerelief from
povertyandnaturalandotherdisastersaswellascontinuetoadvancetheChristianfaiththrough legally
permitted opportunities in countries that are sensitive to promotion of faith-based activities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheCharityisacompanylimitedbyguarantee,asdefinedbytheCompaniesAct2006.Itisgoverned by
its Memorandum and Articles of Association since its incorporation on 15 April 2015.
Page 1
GOOD SHEPHERD FOUNDATION UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
RecommendationsfornewTrusteescanbereceivedfromanyexistingTrusteeandwillonlyberatified by
unanimousagreement.Trusteesmeetingsareheldonceortwiceayeartomakedecisionsregarding the
operationoftheCharity,whereTrusteesdiscussandvoteonthesematters,especiallyinrelationto the
donations to be made.
Related parties
Oneofthetrusteesalsoservesasdirectorontwoorganizationssupportedbythecharity. Both
organizationshaveindependentboards,andnoremunerationorbenefitsarepaidtothetrusteefor his
role.Theremainingtrusteesensurethatexpenditureisincurredsolelyoncharitableworkand no
inadvertent conflicts of interest arise.
Risk management
TheTrusteesregularlyreviewthemajorriskstowhichtheCharitymaybeexposed,andputin place
systemstomitigatethoseriskswhereverpossible.Theserisksandsystemswillbemonitoredon an
ongoingbasis,andisconductedaspartoftheannualplanningprocess.Thetrusteeshavereviewed the
risksfacingthecharityandthesearesimilartomanyothercharitiesinasmuchasthecharityis entirely
dependent on funds provided by members of the public and other interested charitable bodies.
TheTrusteesmitigatethisriskbyensuringthattheydonotundertakeprojectswhichtheydonot have
thefundsinplacetocarryout.Therearealsoreputationalriskswhicharemitigatedthrough ensuring
thatthecharitycompliesinsofarastheTrusteesareablewithallstatutesandlaws,Itis accepted,
howeverthatduetothenatureoftheworkbeingundertakenthereisalwaystheriskofadverse publicity
should people feel challenged by the work the charity does to represent the needs of the vulnerable.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
09543610 (England and Wales)
Registered Charity number
1164364
Registered office
325 Front Lane
Cranham
Essex
RM14 1LH
Trustees
R D Cook
J G D'Souza
A H Malcolm
Independent Examiner
Lee Blunden FCCA CTA
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Solicitors
Wrigleys Solicitors LLP
19 Cookridge Street
Leeds
LS2 3AG
Page 2
GOOD SHEPHERD FOUNDATION UK
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
National Westminster Bank Plc
18 Station Road
Upminster
Essex
RM14 2UD
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees, as
the company directors, on ............................................. and signed on the board's behalf by:
.......................................................
R D Cook - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
GOOD SHEPHERD FOUNDATION UK
Independentexaminer'sreporttothetrusteesofGoodShepherdFoundationUK ('the
Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30 April 2023.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamamemberofthe**ERROR -
relevant professional body must be completed**, which is one of the listed bodies.
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Lee Blunden FCCA CTA
Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Date: .............................................
Page 4
GOOD SHEPHERD FOUNDATION UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Other income
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Core activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
740,922
-
-
740,922
17,142
1,274,948
1,292,090
(551,168)
1,136,575
585,407 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
- |
2023
Total
funds
£
740,922
-
-
740,922
17,142
1,274,948
1,292,090
(551,168)
1,136,575
585,407 |
2022
Total
funds
£
484,568
3
54,881 |
|
|
|
|
539,452 |
|
|
|
|
5,417
412,606 |
|
|
|
|
418,023 |
|
|
|
|
121,429
1,015,146 |
|
|
|
|
1,136,575 |
The notes form part of these financial statements
Page 5
GOOD SHEPHERD FOUNDATION UK (REGISTERED NUMBER: 09543610)
BALANCE SHEET 30 APRIL 2023
Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
TOTAL FUNDS |
Unrestricted
fund
£
424,421
970
162,488
163,458
(2,472)
160,986
585,407
585,407 |
Restricted
fund
£
-
-
-
-
-
-
-
- |
2023
Total
funds
£
424,421
970
162,488
163,458
(2,472)
160,986
585,407
585,407
585,407
585,407 |
2022
Total
funds
£
388,160
463
755,670
756,133
(7,718)
748,415
1,136,575
1,136,575
1,136,575
1,136,575 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 30 April 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
R D Cook - Trustee
The notes form part of these financial statements
Page 6
GOOD SHEPHERD FOUNDATION UK
CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2023
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash (used in)/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 |
2023
£
(546,825)
(546,825)
(46,357)
-
(46,357)
(593,182)
755,670
162,488 |
2022
£
129,045 |
|
|
129,045 |
|
|
-
3 |
|
|
3 |
|
|
|
|
|
129,048
626,622 |
|
|
755,670 |
The notes form part of these financial statements
Page 7
GOOD SHEPHERD FOUNDATION UK
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net (expenditure)/income for the reporting period (as per
the Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations |
2023
£
(551,168)
10,096
-
(507)
(5,246)
(546,825) |
2022
£
121,429
5,460
(3)
(159)
2,318
129,045 |
|
|
|
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank
Total |
At 1.5.22
£
755,670
755,670
755,670 |
Cash flow
At 30.4.23
£
£
(593,182)
162,488
(593,182)
162,488
(593,182)
162,488 |
|
|
|
The notes form part of these financial statements
Page 8
GOOD SHEPHERD FOUNDATION UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Forlegacies,entitlementistakenastheearlierofthedateonwhicheither:thecompanyis aware
thatprobablehasbeengranted,theestatehasbeenfinalisedandnotificationhasbeenmade by
theexecutor(s)totheTrustthatadistributionwillbemade,orwhenadistributionis received
fromanestate.Receiptofalegacy,inwholeorinpart,isonlyconsideredprobablewhen the
amountcanbemeasuredreliablyandtheCompanyhasbeennotifiedoftheexecutor'sintention to
makeadistribution.WherelegacieshavebeennotifiedtotheCompany,ortheCompanyis aware
ofthegrantingofprobate,andthecriteriaforincomerecognitionhavenotbeenmet,then the
legacy is treated as a contingent asset and disclosed if material.
GrantsreceivablearecreditedtotheStatementofFinancialActivities(SoFA)intheyearin which
theyarereceivable.IncomeisdeferredonlywhentheCharityhastofulfilconditionsto become
entitled to it or where the donor has specified that the income is to be expended in a future period.
Donatedservicesorfacilitiesarerecognisedwhenthecompanyhascontrolovertheitem, any
conditionsassociatedwiththedonateditemhavebeenmet,thereceiptofeconomicbenefit from
theuseofthecompanyoftheitemisprobableandthateconomicbenefitcanbe measured
reliably.InaccordancewiththeCharitiesSORP(FRS102),thegeneralvolunteertimeof the
FriendsisnotrecognisedandrefertotheTrustees'reportformoreinformationabout their
contribution.
Onreceipt,donatedprofessionalservicesanddonatedfacilitiesarerecognisedonthebasisof the
valueofthegifttotheCompanywhichistheamounttheCompanywouldhavebeenwillingto pay
toobtainservicesorfacilitiesofequivalenteconomicbenefitontheopenmarket;a corresponding
amount is then recognised in expenditure in the period of receipt.
IncometaxrecoverableinrelationtodonationsreceivedunderGiftAidordeedsofcovenant is
recognised at the time of the donation.
Incometaxrecoverableinrelationtoinvestmentincomeisrecognisedatthetimethe investment
income is receivable.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
continued...
Page 9
GOOD SHEPHERD FOUNDATION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Freehold property- 2% on cost
Improvements to property- 10% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
2. DONATIONS AND LEGACIES
Donations
Gift aid
3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Consultancy
Conference costs |
2023
£
740,295
627
740,922
2023
£
-
2023
£
11,788
5,354
17,142 |
2022
£
484,393
175 |
2022
£
484,393
175 |
2022
£
484,393
175 |
|
|
484,568 |
|
|
|
|
|
|
2022
£
3 |
|
|
|
|
2022
£
5,417
- |
|
|
|
|
5,417 |
continued...
Page 10
GOOD SHEPHERD FOUNDATION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
5. CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
6)
£
Core activities
1,209,952
GRANTS PAYABLE
Core activities
SUPPORT COSTS
Finance
£
Core activities
60,225
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
Support
costs (see
note 7)
£
64,996
2023
£
1,209,952
Governance
costs
£
4,771
2023
£
10,096 |
|
Totals
£
1,274,948 |
Totals
£
1,274,948 |
|
|
|
2022
£
389,846 |
|
|
|
|
|
Totals
£
64,996 |
|
|
|
|
2022
£
5,460 |
6. GRANTS PAYABLE
7. SUPPORT COSTS
8. NET INCOME/(EXPENDITURE)
9. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30April2023nor for
the year ended 30 April 2022.
Trustees' expenses
Therewere£2,446trustees'sexpensespaidfortheyearended30April2023.Therewere none
paid for the year ended 30 April 2022.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Core activities |
Unrestricted
fund
£
484,568
3
54,881
539,452
5,417
412,606 |
Restricted
fund
£
-
-
-
-
-
- |
Total
funds
£
484,568
3
54,881 |
|
|
|
539,452 |
|
|
|
5,417
412,606 |
continued...
Page 11
GOOD SHEPHERD FOUNDATION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
fund
£
£
Total
418,023
-
NET INCOME
121,429
-
RECONCILIATION OF FUNDS
Total funds brought forward
1,015,146
-
TOTAL FUNDS CARRIED FORWARD
1,136,575
-
11.
TANGIBLE FIXED ASSETS
Improvements
Freehold
to
property
property
£
£
COST
At 1 May 2022
410,000
-
Additions
-
46,357
At 30 April 2023
410,000
46,357
DEPRECIATION
At 1 May 2022
21,840
-
Charge for year
5,460
4,636
At 30 April 2023
27,300
4,636
NET BOOK VALUE
At 30 April 2023
382,700
41,721
At 30 April 2022
388,160
-
Included in cost or valuation of land and buildings is freehold land of £137,000 (2022
which is not depreciated.
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Other debtors
625
Prepayments
345
970 |
|
Total
funds
£
418,023
121,429
1,015,146
1,136,575
Totals
£
410,000
46,357
456,357
21,840
10,096
31,936
424,421
388,160
- £137,000)
2022
£
175
288
463 |
|
|
|
|
|
|
|
|
|
continued...
Page 12
GOOD SHEPHERD FOUNDATION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
14.
MOVEMENT IN FUNDS
At 1.5.22
£
Unrestricted funds
General fund
1,136,575
TOTAL FUNDS
1,136,575
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
740,922
TOTAL FUNDS
740,922
Comparatives for movement in funds
At 1.5.21
£
Unrestricted funds
General fund
1,015,146
TOTAL FUNDS
1,015,146 |
2023
£
2,472
Net
movement
in funds
£
(551,168)
(551,168)
Resources
expended
£
(1,292,090)
(1,292,090)
Net
movement
in funds
£
121,429
121,429 |
2022
£
7,718
At
30.4.23
£
585,407
585,407
Movement
in funds
£
(551,168)
(551,168)
At
30.4.22
£
1,136,575
1,136,575 |
|
|
|
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
539,452
539,452 |
Resources
expended
£
(418,023)
(418,023) |
Movement
in funds
£
121,429
121,429 |
|
|
|
|
continued...
Page 13
GOOD SHEPHERD FOUNDATION UK
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
14. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.5.21
£
1,015,146
1,015,146 |
Net
movement
in funds
£
(429,739)
(429,739) |
At
30.4.23
£
585,407 |
|
|
|
585,407 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
1,280,374
1,280,374 |
Resources
expended
£
(1,710,113)
(1,710,113) |
Movement
in funds
£
(429,739)
(429,739) |
|
|
|
|
15. RELATED PARTY DISCLOSURES
OneoftheCharity'strusteesisalsothechiefexecutiveofanorganisationwhichbenefitted from
grantsandothersupporttotalling£1,209,952(2022:£389,846)duringtheyearpaidfrom the
charity.
Page 14
GOOD SHEPHERD FOUNDATION UK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Deposit account interest
Other income
Foreign exchange gain
Total incoming resources
EXPENDITURE
Raising donations and legacies
Consultancy
Conference costs
Charitable activities
Grants to institutions
Support costs
Finance
Rates and water
Insurance
Light and heat
Telephone
Website costs
Sundries
Bank charges
Travelling
Foreign exchange (gain)/loss
Repairs & maintenance
Postage and stationery
Freehold property
Improvements to property
Governance costs
Accountancy and legal fees
Total resources expended
Net (expenditure)/income |
2023
£
740,295
627
740,922
-
-
740,922
11,788
5,354
17,142
1,209,952
2,126
495
298
4,082
11,175
1,208
1,667
10,298
16,185
2,510
85
5,460
4,636
60,225
4,771
1,292,090
(551,168) |
2022
£
484,393
175 |
|
|
484,568
3
54,881 |
|
|
539,452
5,417
- |
|
|
5,417
389,846
2,076
477
372
2,223
9,110
155
987
-
-
-
-
5,460
- |
|
|
20,860
1,900 |
|
|
418,023 |
|
|
121,429 |
This page does not form part of the statutory financial statements
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