OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

Effective Altruism UK Trustees’ Annual Report

For the period 1st April 2022 to 31st March 2023

Reference and administration details

Effective Altruism UK

Registered charity number 1170614

Flat 19, Jarman House Jubilee Street E1 3BL

Charity Trustees

Samuel Hilton

Lucia Coulter (until 8th February 2023)

Amrit Sidhu-Brar

Grayden Reece-Smith

1

Structure, governance and management

Type of governing document: Constitution

How the charity is constituted:

Charitable Incorporated Organisation

Trustee selection methods: The Trustee Board is responsible for appointing new trustees subject to requirements set out in the Charity’s governing documents. Potential new trustees are assessed on the basis of their experience, skills and motivation, as well as the Trustee Board’s own assessment of its gaps and the skills required to deliver the Charity’s strategy. This is primarily assessed through a candidate’s CV and meeting with one or more of the existing trustees.

Additional governance issues: Effective Altruism UK has a risk register which it uses to monitor and assess risks. This register is reviewed at least annually.

2

Activities and objectives

Background to understanding the activities carried out by Effective Altruism UK

Effective Altruism UK’s activities can be split into three categories:

  1. UK Community Building. Effective Altruism UK has two employees based in London who have worked over the last year to deliver our charitable objectives – the promotion of civil responsibility and citizenship and concern for the effectiveness of charities – among Londoners. These staff work under the name Effective Altruism UK, which was previously branded as Effective Altruism London. The Effective Altruism UK website can be viewed at: https://effectivealtruism.uk

  2. Grantmaking. Effective Altruism UK has also made grants to other organisations around the world with similar charitable aims, making use of funds raised from UK donors for this purpose.

A commitment to creating a public benefit

All decisions taken by Trustees and by the staff were taken solely with concern to creating benefits for the eventual beneficiaries, and any benefit to the immediate community was incidental to achieving this aim.

UK Community Building

Beneficiaries

When considering the projects undertaken it is helpful to distinguish between the immediate community and the eventual beneficiaries:

For example, in previous years Effective Altruism London has run events attended by philanthropic finance professionals. At this event the guests from the immediate community received hospitality (drinks and snacks) and talks from speakers with experience of making large donations. Yet the aim of the event was to encourage guests to increase the size and effectiveness of their donations for the benefit of the eventual beneficiaries.

3

Activities

Here is an overview of our key activities:
Research There are a number of existing charitable organisations that carry out research
to help people to do good more effectively, such as the Centre for Effective
Altruism (a registered charity in England and Wales, Charity Number 1149828),
GiveWell (501(c)(3) organisation in the USA, EIN: 20-8625442) and Animal
Charity Evaluators (501(c)(3) public charity in the USA, EIN 36-4684978).
Effective Altruism UK staff did not carry out significant amounts of original
research or independent charity vetting but did invest time into understanding
the existing research available in order to best be able to promote concern for
the efficiency and effectiveness of charities.		 10%
Communications The Charity promoted taking actions, offered support and encouraged acts of
citizenship by the use of a regular email newsletter and Facebook posts. These
channels were mostly used for:
● Promoting events, both those organised by Effective Altruism London
and those organised by third parties;
● Linking to articles promoting charitable giving, choosing effective
charities and ethical career choices; and
● Publicising volunteer opportunities and job vacancies for organisations
supporting global health and development, animal welfare and clean
meat technology, and reducing global catastrophic risks.
● Maintaining an Effective Altruism UK website, including a directory of
useful resources and a member directory
● Creating and maintaining a Slack for coordination		 15%
Community
events		 The Charity helped organise small in person and online events to strengthen
the community around effective giving, in order to help sustain members’
initial enthusiasm through peer-to-peer encouragement and to facilitate the
organic exchange of related information, tips and advice between community
members.		 20%
Sub-community
events		 There are a number of specialist effective altruism communities in London,
normally organised around a cause, career group or university. These sub-
communities are normally volunteer-led and organise discussion events,
talks/lectures, research projects and socials, which are fully in line with
Effective Altruism UK’s objects, but not fully controlled by Effective Altruism
UK. The Charity provided support to these sub-communities through
marketing, planning and covering overheads.		 10%
One-to-one
coaching		 The Charity provided one-to-one coaching sessions with individuals interested
in increasing the effectiveness of their contributions of time, skills and money
for charitable purposes.		 30%
Strategy
development,
impact
measurement
and
administration		 The Charity’s staff and volunteers invested time into developing a strategy to
maximise the Charity’s impact. The Charity then collected data during the
course of its work to estimate its impact, and then adjust its strategy
accordingly. Details of our impact measurement can be found below in
‘Achievements and performance’. The charity also required basic
administration, including arranging insurance, paying staff salaries and
financial reporting.		 15%

4

Note: Split is based on a rough post-hoc estimate of staff and volunteer time.

Grantmaking

There are a number of organisations around the world with similar aims of promoting citizenship and concern for the effectiveness and efficiency of charities. The Trustees consider it good practice to be in touch with these organisations, so that we can support and learn from one another. One of the ways we have supported such organisations is by making grants to support their activities, making use of donations collected from UK donors to support this purpose. During the year, EA UK made grants to two organisations (One For The World and SoGive) and two individuals. This accounted for less than 5% of staff time and volunteer time. All of the funds used for grantmaking had been donated to Effective Altruism UK on a restricted basis, specifically for that purpose. Where appropriate, granted funds were restricted to activities which are consistent with the objects of Effective Altruism UK.

One for the World

One for the World asks people to give at least 1% of their income to highly effective charities. Founded at Wharton in 2014, it now has over 700 members across the US, Canada and Australia and over 20 chapters including Wharton MBA, Penn Law, Penn Undergrad, Harvard Business School and MIT Sloan MBA.

Effective Altruism UK is One For The World’s partner in the UK and makes grants to One For The World out of funds that have been restricted for that purpose. Funds sent to One For The World are restricted to covering One For The World’s operating costs, in line with Effective Altruism UK’s charitable objects.

SoGive

SoGive performs research on topics relevant to effective altruism. SoGive also runs a successful volunteer programme which has not only helped SoGive to build a database of charities and their impact, but also to support them to transition to a career in which they make the world a better place.

The grantmaking relationship with SoGive was initiated during this fiscal year.

Additional details of objectives and activities

Contribution made by volunteers

The Charity benefits from significant contributions of time by approximately 35 individuals, including but not limited to being a trustee or leading a sub-community. The Charity also encourages individuals to contribute time to other charities and projects if it is likely they will have more impact that way.

5

Achievements and performance

Effective Altruism UK

For April 2022 - March 2023, there were 450+ 1-1 conversations and 100+ events organised or supported by EA London/UK, with over 1250 attendees. Based on subjective conservative estimates, Effective Altruism UK believes benefits of approximately £160,343.75 were created resulting from activities within this time period, a 1.7x counterfactual multiplier on the amount spent (£93,320.28). However, there are significant uncertainties and many baked assumptions involved with this.

Grantmaking

One For The World

During the 2022-23 fiscal year, Effective Altruism UK made grants totalling £7,475.98 to One For The World. One For The World used the money to fund its operations. One For The World continues to expand its operations into the USA and UK.

SoGive

During the 2022-23 fiscal year, Effective Altruism UK made grants totalling £65,208.75 to SoGive. SoGive used the money to improve the efficiency and effectiveness of charities by researching their effectiveness and supporting donors to give more effectively. This work also involved providing support to a community of c. 10 volunteers, some of whom have gone on to take jobs working to make the world a better place.

Grants to individuals

During the 2022-23 fiscal year, Effective Altruism UK made grants to two individuals conducting work furthering our charitable purposes. The total amount of these grants came to £73,001.54.

6

Financial Review

Policy on reserves

Effective Altruism UK aims to hold enough reserves for:

The trustees believe that this is an appropriate policy, having taken into account the lack of contingent liabilities, the quality of support from funders, lack of financial risks such as currency risk, the lack of other risk sources such as a defined benefit pension scheme, and the trustees’ risk appetite.

As at 31st March 2023, the unrestricted cash balance was £38,108.42, equivalent to approximately 4.0 months of budgeted FY24 UK Community Building expenditure.

Funds materially in deficit

No funds are materially in deficit.

Further financial review details regarding fundraising

All of the funds raised for UK Community Building before 1st January 2019 came from the local London philanthropic community. Largely this was people who had attended our events or who had found the content useful and inspiring and helpful for them to become better philanthropists and who wanted to help give back so more people can be supported. Since the 1st of January 2019, Effective Altruism UK has received funding from the Centre for Effective Altruism to continue its work inspiring and helping people become better philanthropists.

All of the earmarked funds raised by Effective Altruism UK for Grantmaking were raised by those projects / other organisations putting donors in touch with Effective Altruism UK.

7

Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees:

8

----- Start of picture text -----
Effective�Altruism�UK Charity�No 1170614
Company�No
Annual�accounts�for�the�period
Period�start�date To
April�1,�2022 Period�end�date March�31,�2023
----- End of picture text -----

Section�A���Statement�of�financial�activities�(including�summary�income�and� expenditure�account)

EffectiveAltruismUK EffectiveAltruismUK CharityNo 1170614 1170614 1170614
CompanyNo
Annualaccountsfortheperiod
Periodstartdate April1,2022 To Periodenddate March31,2023
entoffinancialactivities(includingsummaryincomeand
unt)
Recommendedcategoriesb
Income(Note3)
Incomeandendowmentsfrom:		 yactivity
GuidanceNote
 Unrestricted
funds
Restricted
incomefunds
Endowment
funds
£
£
£
F01
F02
F03		 Totalfunds
Prioryear
funds
£
£
F04
F05
Donationsandlegacies
Charitableactivities
Othertradingactivities
Investments
Separatematerialitemofincome
Other		 S01
S02
S03
S04
S05
S06		 26,567 225,981 - 252,548 114,370
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total
Expenditure(Notes6)
Expenditureon:
Raisingfunds
Charitableactivities
Separatematerialexpenseitem
Other
Total
Netincome/(expenditure)
reportingperiod
Taxpayable
Netincome/(expenditure)
investmentgains/(losses
Netgains/(losses)oninvestments
Netincome/(expenditure)
Extraordinaryitems
Transfersbetweenfunds
Otherrecognisedgains/(l
Gainsandlossesonrevaluationoffix
ownuse
Othergains/(losses)
Netmovementinfunds
Reconciliationoffunds:
Totalfundsbroughtforward
Totalfundscarriedforwa		 S07
S08
S09
S10
S11
S12
beforetaxforthe
S13
S14
aftertaxbefore
)
S15
S16
S17
S18
S19
osses):
edassetsforthecharity’s
S20
S21
S22
S23
rd
S24		 26,567 225,981 - 252,548 114,370
- - - - -
960 239,006 - 239,966 132,815
- - - - -
960 239,006 - 239,966 132,815
25,607 -
13,025		 - 12,582 -
18,445
- - - - -
25,607 -
13,025		 - 12,582 -
18,445
- - - - -
25,607 -
13,025		 - 12,582 -
18,445
- - - -
-
15,282		 15,282 - - -
- - - - -
- - - -
10,325 2,257 - 12,582 -
18,445
27,783 3,098 - 30,881 49,326
38,108 5,355 - 43,463 30,881

CC17a�(Excel)

20/02/2024

9

EffectiveAltruismUK CharityNo 1170614
CompanyNo
SectionBBalancesheet

----- Start of picture text -----
Unrestricted� Restricted� Endowment� Total�this� Total�last�
funds income�funds funds year year
£ £ £ £ £
Fixed�assets F01 F02 F03 F04 F05
Intangible�assets������������(Note�15) B01 - - - - -
Tangible�assets��������������(Note�14) B02 - - - - -
Heritage�assets��������������(Note�16) B03 - - - - -
Investments��������������������(Note�17) B04 - - - - -
Total�fixed�assets B05 - - - - -
Current�assets
Stocks���������������������������(Note�18) B06 - - - - -
Debtors���������������������������(Note�19) B07 - - - - -
Investments��������������������(Note�17.4) B08 - - - - -
Cash�at�bank�and�in�hand��(Note�24) B09 39,068 5,811 - 44,879 32,295
Total�current�assets B10 39,068 5,811 - 44,879 32,295
Creditors:�amounts�falling�due�within�one�
year��������������(Note�20) B11 960 456 - 1,416 1,414
Net�current�assets/(liabilities) B12 38,108 5,355 - 43,463 30,881
Total�assets�less�current�liabilities B13 38,108 5,355 - 43,463 30,881
Creditors:�amounts�falling�due�after�one�
year����������������(Note�20) B14 - - - - -
Provisions�for�liabilities B15 - - - - -
Total�net�assets�or�liabilities B16 38,108 5,355 - 43,463 30,881
Funds�of�the�Charity
Endowment�funds�(Note�27) B17 - - -
Restricted�income�funds�(Note�27) B18 5,355 5,355 3,098
Unrestricted�funds B19 38,108 - 38,108 27,783
Revaluation�reserve B20 -
Fair�value�reserve B21
Total�funds B22 38,108 5,355 - 43,463 30,881
Guidance�Note
----- End of picture text -----

The�company�was�entitled�to�exemption�from�audit�under�s477�of�the�Companies�Act�2006�relating�to�small�companies.

The�members�have�not�required�the�company�to�obtain�an�audit�in�accordance�with�section�476�of�the�Companies�Act� 2006.

The�directors�acknowledge�their�responsibilities�for�complying�with�the�requirements�of�the�Companies�Act�with� respect�to�accounting�records�and�the�preparation�of�accounts.

These�accounts�have�been�prepared�in�accordance�with�the�provisions�applicable�to�small�companies�subject�to�the� small�companies�regime�and�in�accordance�with�FRS102�SORP.

Date�of� Signed�by�one�or�two�trustees/directors�on�behalf�of�all�the�trustees/directors Print�Name approval� dd/mm/yyyy

CC17a�(Excel)

20/02/2024

10

EffectiveAltruismUK CharityNo 1170614 1170614
CompanyNo
SectionBBalancesheet
GuidanceNote
Unrestricted
funds		 Restricted
incomefunds		 Endowment
funds
Totalthis
year
Totallast
year
SignatureofdirectorauthenticatingaccountsbeingsenttoCompanies
House		 GraydenReece-Smith 15/02/2024
Signature Date
dd/mm/yyyy
GraydenReece-Smith 15/02/2024

CC17a�(Excel)

20/02/2024

11

Section�C��������������������������������������������Notes�to�the�accounts

Note�1������Basis�of�preparation

This�section�should�be�completed�by�all�charities

.

1.1�Basis�of�accounting

These�accounts�have�been�prepared�under�the�historical�cost�convention�with�items�recognised�at�cost�or�transaction�value� unless�otherwise�stated�in�the�relevant�note(s)�to�these�accounts.

The�accounts�have�been�prepared�in�accordance�with:

�the�Statement�of�Recommended�Practice:�Accounting�and�Reporting�by�Charities�preparing�their� •��and�with TRUE accounts�in�accordance�with�the�Financial�Reporting�Standard�applicable�in�the�UK�and�Republic� of�Ireland�(FRS�102)�issued�on�16�July�2014 •��and�with FALSE the�Financial�Reporting�Standard�applicable�in�the�United�Kingdom�and�Republic�of�Ireland�(FRS� 102)

• �and�with�the�Charities�Act�2011.

The�charity�constitutes�a�public�benefit�entity�as�defined�by�FRS� Yes 102.*

*�-Tick�as�appropriate

1.2��Going�concern

If�there�are�material�uncertainties�related�to�events�or�conditions�that�cast�significant�doubt�on�the�charity's�ability�to� continue�as�a�going�concern,�please�provide�the�following�details�or�state�"Not�applicable",�if�appropriate:

An�explanation�as�to�those�factors�that�support�the� Not�applicable conclusion�that�the�charity�is�a�going�concern; Disclosure�of�any�uncertainties�that�make�the�going� Not�applicable concern�assumption�doubtful; Where�accounts�are�not�prepared�on�a�going� Not�applicable concern�basis,�please�disclose�this�fact�together� with�the�basis�on�which�the�trustees�prepared�the� accounts�and�the�reason�why�the�charity�is�not� regarded�as�a�going�concern.

1.3�Change�of�accounting�policy

The�accounts�present�a�true�and�fair�view�and�no�changes�have�been�made�to�the�accounting�policies�adopted�in�note�{��}.��

Yes*
TRUE
*-Tickasappropriate
No*
FALSE
Pleasedisclose:
(i)thenatureofthechangeinaccountingpolicy;
(ii)thereasonswhyapplyingthenewaccountingpolicy
providesmorereliableandmorerelevantinformation;and
(iii)theamountoftheadjustmentforeachlineaffectedinthe
currentperiod,eachpriorperiodpresentedandtheaggregate
amountoftheadjustmentrelatingtoperiodsbeforethose
presented,3.44FRS102SORP.

CC17a�(Excel)

20/02/2024

12

1.4�Changes�to�accounting�estimates

No�changes�to�accounting�estimates�have�occurred�in�the�reporting�period�(3.46�FRS102�SORP).��

1.4Changestoaccountingestimates
Nochangestoaccountingestimateshaveoccurredinthereportingperiod(3.46FRS102SORP).		 1.4Changestoaccountingestimates
Nochangestoaccountingestimateshaveoccurredinthereportingperiod(3.46FRS102SORP).		 1.4Changestoaccountingestimates
Nochangestoaccountingestimateshaveoccurredinthereportingperiod(3.46FRS102SORP).		 1.4Changestoaccountingestimates
Nochangestoaccountingestimateshaveoccurredinthereportingperiod(3.46FRS102SORP).
Yes
No
Pleasedisclose:		 TRUE *-Tickasappropriate
FALSE
(i)thenatureofanychanges;
(ii)theeffectofthechangeonincomeandexpenseorassets
andliabilitiesforthecurrentperiod;and
(iii)wherepracticable,theeffectofthechangeinoneormore
futureperiods.
1.5Materialprioryearerrors
Nomaterialprioryearerrorhavebeenidentifiedinthereportingperiod(3.47FRS102SORP).
Yes
No
Pleasedisclose:		 TRUE *-Tickasappropriate
FALSE
(i)thenatureofthepriorperioderror;
(ii)foreachpriorperiodpresentedintheaccounts,theamount
ofthecorrectionforeachaccountlineitemaffected;and
(iii)theamountofthecorrectionatthebeginningoftheearliest
priorperiodpresentedintheaccounts.

CC17a�(Excel)

20/02/2024

13

SectionC Notestotheaccounts(cont)
Note2Accountingpolicies
Thisstandardlistofaccountingpolicieshasbeenappliedbythecharityexceptforthosedeleted.Whereadifferentor
additionalpolicyhasbeenadoptedthenthisisdetailedintheboxbelow.
2.1RECONCILIATIONWITHPREVIOUSGENERALLYACCEPTEDACCOUNTING
PRACTICE
Pleaseprovideadescriptionof
thenatureofeachchangein
N/A
accountingpolicy
ReconciliationoffundsperpreviousGAAPtofunds determinedunderFRS102
Startofperiod Endof
period
£ £
Fundbalancesaspreviously
stated
Adjustments:
Fundbalanceasrestated
Reconciliationofnetincome/(netexpenditure)perpreviousGAAPtonetincome/(netexpenditure)underFRS102
Endof
£
Netincome/(expenditure)aspreviouslystated
Adjustments:
Previousperiodnetincome/(expenditure)as
restated

CC17a�(Excel)

20/02/2024

14

Secti onCNotestotheaccounts (cont) (cont) (cont)
Note2A
2.2INCOME
Recognitionofincome
Offsetting
Grantsanddonations
Legacies
Governmentgrants
Taxreclaimsondonations
andgifts
Contractualincomeand
performancerelatedgrants
Donatedgoods
Donatedservicesand
facilities
Supportcosts
Volunteerhelp
Incomefrominterest,
royaltiesanddividends
Incomefrommembership
subscriptions
Settlementofinsurance
claims
Investmentgainsandlosses
2.3EXPENDITUREA
Liabilityrecognition
Governanceandsupport
costs
Grantswithperformance
conditions
Grantspayablewithout
performanceconditions
Redundancycost
Deferredincome
Creditors
Provisionsforliabilities
Basicfinancialinstruments
2.4ASSETS
Tangiblefixedassetsfor
usebycharity
Intangiblefixedassets
Heritageassets
Investments
Stocksandworkinprogress
Debtors
Currentassetinvestments
POLICIESADOPTED
ADDITIONALTOOR
DIFFERENTFROM
THOSEABOVE		 ccountingpolicies
TheseareincludedintheStatementofFinancialActivities(SoFA)when:
·thecharitybecomesentitledtotheresources;
·itismorelikelythannotthatthetrusteeswillreceivetheresources;		 Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
TRUE
FALSE
FALSE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
TRUE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
TRUE
FALSE
FALSE
N/A
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
TRUE
FALSE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
TRUE
FALSE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
TRUE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a
FALSE
FALSE
TRUE
Yes
No
N/a*
FALSE
FALSE
TRUE
·themonetaryvaluecanbemeasuredwithsufficientreliability.
Therehasbeennooffsettingofassetsandliabilities,orincomeandexpenses,unlessrequiredor
permittedbytheFRS102SORPorFRS102.
GrantsanddonationsareonlyincludedintheSoFAwhenthegeneralincomerecognitioncriteria
aremet(5.10to5.12FRS102SORP).
Inthecaseofperformancerelatedgrants,incomemustonlyberecognisedtotheextentthatthe
charityhasprovidedthespecifiedgoodsorservicesasentitlementtothegrantonlyoccurswhen
theperformancerelatedconditionsaremet(5.16FRS102SORP).
LegaciesareincludedintheSOFAwhenreceiptisprobable,thatis,whentherehasbeengrantof
probate,theexecutorshaveestablishedthattherearesufficientassetsintheestateandany
conditionsattachedtothelegacyareeitherwithinthecontrolofthecharityorhavebeenmet.
Thecharityhasreceivedgovernmentgrantsinthereportingperiod
GiftAidreceivableisincludedinincomewhenthereisavaliddeclarationfromthedonor.Any
GiftAidamountrecoveredonadonationisconsideredtobepartofthatgiftandistreatedasan
additiontothesamefundastheinitialdonationunlessthedonororthetermsoftheappealhave
specifiedotherwise.
ThisisonlyincludedintheSoFAoncethecharityhasprovidedtherelatedgoodsorservicesor
mettheperformancerelatedconditions.
Donatedgoodsaremeasuredatfairvalue(theamountforwhichtheassetcouldbeexchanged)
unlessimpracticaltodoso.
Thecostofanystockofgoodsdonatedfordistributiontobeneficiariesisdeemedtobethefair
valueofthosegiftsatthetimeoftheirreceiptandtheyarerecognisedonreceipt.Inthereporting
periodinwhichthestocksaredistributed,theyarerecognisedasanexpenseatthecarrying
amountofthestocksatdistribution.
Donatedgoodsforresalearemeasuredatfairvalueoninitialrecognition,whichistheexpected
proceedsfromsalelesstheexpectedcostsofsale,andrecognisedin'Incomefromothertrading
activities'withthecorrespondingstockrecognisedinthebalancesheet.Onitssalethevalueof
stockischargedagainst'Incomefromothertradingactivities'andtheproceedsfromsaleare
alsorecognisedas'Incomefromothertradingactivities'.
Goodsdonatedforon-goingusebythecharityarerecognisedastangiblefixedassetsand
includedintheSoFAasincomingresourceswhenreceivable.
GiftsinkindforusebythecharityareincludedintheSoFAasincomefromdonationswhen
receivable.
DonatedservicesandfacilitiesareincludedintheSOFAwhenreceivedatthevalueofthegiftto
thecharityprovidedthevalueofthegiftcanbemeasuredreliably.
Donatedservicesandfacilitiesthatareconsumedimmediatelyarerecognisedasincomewithan
equivalentamountrecognisedasanexpenseundertheappropriateheadingintheSOFA.
Thecharityhasincurredexpenditureonsupportcosts.
Thevalueofanyvoluntaryhelpreceivedisnotincludedintheaccountsbutisdescribedinthe
trustees’annualreport.
Thisisincludedintheaccountswhenreceiptisprobableandtheamountreceivablecanbe
measuredreliably.
MembershipsubscriptionsreceivedinthenatureofagiftarerecognisedinDonationsand
Legacies.
Membershipsubscriptionswhichgivesamembertherighttobuyservicesorotherbenefitsare
recognisedasincomeearnedfromtheprovisionofgoodsandservicesasincomefromcharitable
activities.
InsuranceclaimsareonlyincludedintheSoFAwhenthegeneralincomerecognitioncriteriaare
met(5.10to5.12FRS102SORP)andareincludedasanitemofotherincomeintheSoFA.
Thisincludesanyrealisedorunrealisedgainsorlossesonthesaleofinvestmentsandanygain
orlossresultingfromrevaluinginvestmentstomarketvalueattheendoftheyear.
NDLIABILITIES
Liabilitiesarerecognisedwhereitismorelikelythannotthatthereisalegalorconstructive
obligationcommittingthecharitytopayoutresourcesandtheamountoftheobligationcanbe
measuredwithreasonablecertainty.
Supportcostshavebeenallocatedbetweengovernancecostsandothersupport.Governance
costscompriseallcostsinvolvingpublicaccountabilityofthecharityanditscompliancewith
regulationandgoodpractice.
Supportcostsincludecentralfunctionsandhavebeenallocatedtoactivitycostcategoriesona
basisconsistentwiththeuseofresources,egallocatingpropertycostsbyfloorareas,orper
capita,staffcostsbythetimespentandothercostsbytheirusage.
Wherethecharitygivesagrantwithconditionsforitspaymentbeingaspecificlevelofserviceor
outputtobeprovided,suchgrantsareonlyrecognisedintheSoFAoncetherecipientofthegrant
hasprovidedthespecifiedserviceoroutput.
Wheretherearenoconditionsattachingtothegrantthatenablesthedonorcharitytorealistically
avoidthecommitment,aliabilityforthefullfundingobligationmustberecognised.
Thecharitymadenoredundancypaymentsduringthereportingperiod.
Nomaterialitemofdeferredincomehasbeenincludedintheaccounts.
Thecharityhascreditorswhicharemeasuredatsettlementamountslessanytradediscounts
Aliabilityismeasuredonrecognitionatitshistoricalcostandthensubsequentlymeasuredatthe
bestestimateoftheamountrequiredtosettletheobligationatthereportingdate
Thecharityaccountsforbasicfinancialinstrumentsoninitialrecognitionasperparagraph10.7
FRS102SORP.Subsequentmeasurementisasperparagraphs11.17to11.19,FRS102SORP.
Thesearecapitalisediftheycanbeusedformorethanoneyear,andcostatleast
Theyarevaluedatcost.
Thedepreciationratesandmethodsusedaredisclosedinnote14.
Thecharityhasintangiblefixedassets,thatis,non-monetaryassetsthatdonothavephysical
substancebutareidentifiableandarecontrolledbythecharitythroughcustodyorlegalrights.
Theamortisationratesandmethodsusedaredisclosedinnote15.
Theyarevaluedatcost.
Thecharityhasheritageassets,thatis,non-monetaryassetswithhistoric,artistic,scientific,
technological,geophysicalorenvironmentalqualitiesthatareheldandmaintainedprincipallyfor
theircontributiontoknowledgeandculture.Thedepreciationratesandmethodsusedas
disclosedinnote16.
Theyarevaluedatcost.
Fixedassetinvestmentsinquotedshares,tradedbondsandsimilarinvestmentsarevaluedat
initiallyatcostandsubsequentlyatfairvalue(theirmarketvalue)attheyearend.Thesame
treatmentisappliedtounlistedinvestmentsunlessfairvaluecannotbemeasuredreliablyin
whichcaseitismeasuredatcostlessimpairment.
Investmentsheldforresaleorpendingtheirsaleandcashandcashequivalentswithamaturity
dateoflessthan1yeararetreatedascurrentassetinvestments
Stocksheldforsaleaspartofnon-charitabletradearemeasuredatthelowerorcostornet
realisablevalue.
Goodsorservicesprovidedaspartofacharitableactivityaremeasuredatnetrealisablevalue
basedontheservicepotentialprovidedbyitemsofstock.
Workinprogressisvaluedatcostlessanyforeseeablelossthatislikelytooccuronthecontract.
Debtors(includingtradedebtorsandloansreceivable)aremeasuredoninitialrecognitionat
settlementamountafteranytradediscountsoramountadvancedbythecharity.Subsequently,
theyaremeasuredatthecashorotherconsiderationexpectedtobereceived.
Thecharityhasinvestmentswhichitholdsforresaleorpendingtheirsaleandcashandcash
equivalentswithamaturitydatelessthanoneyear.Theseincludecashondepositandcash
equivalentswithamaturityoflossthanoneyearheldforinvestmentpurposesratherthantomeet
short-termcashcommitmentsastheyfalldue.
Theyarevaluedatfairvalueexceptwheretheyqualifyasbasicfinancialinstruments.		 TRUE FALSE FALSE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
TRUE FALSE FALSE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
TRUE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
TRUE FALSE FALSE
N/A
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE TRUE FALSE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE TRUE FALSE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE TRUE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE
Yes
No
N/a*
FALSE FALSE TRUE

CC17a�(Excel)

20/02/2024

15

----- Start of picture text -----
Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)
Note�3���������������������������Income
Restricted�
�Analysis�of�income Unrestricted��funds income�funds Endowment�funds Total�funds Prior�year
£ £
Donations�and� Donations�and�gifts 26,568 115,817 - 142,385 70,571
legacies: Gift�Aid - 32,167 - 32,167 43,799
Legacies - - - - -
General�grants�provided�by�government/other�
charities - 77,996 - 77,996 -
Membership�subscriptions�and�sponsorships�which�
are�in�substance�donations
- - - -
Donated�goods,�facilities�and��services - - - - -
Other - - - -
Total 26,568 225,980 - 252,548 114,370
Charitable�
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other�trading�
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income�from� Interest�income - - - - -
investments: Dividend�income - - - - -
Rental�and�leasing�income - - - - -
Other� - - - - -
Total - - - - -
Separate� - - - - -
material�item� - - - - -
of�income
- - - - -
- - - - -
Total - - - - -
Other: Conversion�of�endowment�funds�into�income
- - - - -
Gain�on�disposal�of�a�tangible�fixed�asset�held�for�
charity's�own�use - - - - -
Gain�on�disposal�of�a�programme�related�
investment - - - - -
Royalties�from�the�exploitation�of�intellectual�
property�rights - - - - -
Other - - - - -
Total - - - - -
TOTAL�INCOME 26,568 225,980 - 252,548 114,370
Other�information:�
All�income�in�the�prior�year�was�unrestricted�except�for:�(please�
provide�description�and�amounts) A�total�of�£147,985�in�grants�restricted�to�payment�to�specific�
grantees�and�£77,996�in�donations�restricted�to�community�building
Where�any�endowment�fund�is�converted�into�income�in�the�reporting�
period,�please�give�the�reason�for�the�conversion.
Where�any�endowment�fund�is�converted�into�income�in�the�prior�
period,�please�give�the�reason�for�the�conversion.
Within�the�income�items�above�the�following�items�are�material:�
(please�disclose�the�nature,�amount�and�any�prior�year�amounts)
----- End of picture text -----

CC17a�(Excel)

20/02/2024

16

This�year:��Where�sums�originally�denominated�in�foreign�currency� have�been�included�in�income,�explain�the�basis�on�which�those�sums� have�been�translated�into�sterling�(or�the�currency�in�which�the� accounts�are�drawn�up).

Last�year:��Where�sums�originally�denominated�in�foreign�currency� have�been�included�in�income,�explain�the�basis�on�which�those�sums� have�been�translated�into�sterling�(or�the�currency�in�which�the� accounts�are�drawn�up).

CC17a�(Excel)

20/02/2024

17

Section�C��������������������������������������������Notes�to�the�accounts����������������������������������������������������(cont)

Note�6���������������������������Expenditure

Note6Expenditure Note6Expenditure Note6Expenditure Note6Expenditure Note6Expenditure Note6Expenditure Note6Expenditure Note6Expenditure Note6Expenditure
Thisyear
Lastyear
Analysis
Unrestricted
funds
Restricted
incomefunds
Endowment
funds
Totalfunds
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Totalfunds
Expenditureonraisingfunds:
£
£
Incurredseekingdonations - - - - - - - -
Incurredseekinglegacies - - - - - - - -
Incurredseekinggrants - - - - - - - -
Operatingmembershipschemesandsocial
lotteries		 - - - - - - - -
Stagingfundraisingevents - - - - - - - -
Fudraisingagents - - - - - - - -
Operatingcharityshops - - - - - - - -
Operatingatradingcompanyundertakingnon-
charitabletradingactivity		 - - - - - - - -
Advertising,marketing,directmailandpublicity - - - - - - - -
Startupcostsincurredingeneratingnewsource
offutureincome		 - - - - - - - -
Databasedevelopmentcosts - - - - - - - -
Othertradingactivities - - - - - - - -
Investmentmanagementcosts: - - - - - - - -
Portfoliomanagementcosts - - - - - - - -
Costofobtaininginvestmentadvice - - - - - - - -
Investmentadministrationcosts - - - - - - - -
Intellectualpropertylicencingcosts - - - - - - - -
Rentcollection,propertyrepairsandmaintenance
charges		 - - - - - - - -
- - - - - - - -
Totalexpenditureonraisingfunds
Expenditureoncharitableactivities:		 - - - - - - - -
Staff - 87,687 - 87,687 1,414 45,255 - 46,669
Events - 3,105 - 3,105 - 3,461 - 3,461
Grants - 145,686 - 145,686 - 80,562 - 80,562
Other 960 2,528 - 3,488 - 2,123 - 2,123
Totalexpenditureoncharitableactivities
Separatematerialitemofexpense		 960 239,006 - 239,966 1,414 131,401 - 132,815
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total
Other		 - - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Totalotherexpenditure
TOTALEXPENDITURE
Otherinformation:
Analysisofexpenditureoncharitableactivities		 - - - - - - - -
960 239,006 - 239,966 1,414 131,401 - 132,815
Thisyear Lastyear

CC17a�(Excel)

20/02/2024

18

Activityorprogramme Activities
undertaken
directly		 Grant
fundingof
activities		 Support
Costs		 Totalthis
year		 Activities
undertaken
directly		 Grant
fundingof
activities		 Support
Costs		 Totallast
year
£ £ £ £ £ £ £ £
Effectivealtruismcommunity-building 93,320 145,686 960 239,967 52,253 80,562 - 132,815
- - - - - - - - -
Other - - - - - - - -
Total 93,320 145,686 960 239,967 52,253 80,562 - 132,815
Thisyear:Wheresumsoriginallydenominatedinforeigncurrencyhavebeen
includedinexpenditure,explainthebasisonwhichthosesumshavebeen
translatedintosterling(orthecurrencyinwhichtheaccountsaredrawnup).		 N/A
Lastyear:Wheresumsoriginallydenominatedinforeigncurrencyhavebeen
includedinexpenditure,explainthebasisonwhichthosesumshavebeen
translatedintosterling(orthecurrencyinwhichtheaccountsaredrawnup).		 N/A

CC17a�(Excel)

20/02/2024

19

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�10���������������������������Details�of�certain�types�of�expenditure

Note�10.1��Fees�for�examination�of�the�accounts

Please�provide�details�of�the�amount�paid�for�any�statutory�external�scrutiny�of�accounts� and�other�services�provided�by�your�independent�examiner.��If�nothing�was�paid�please� enter�'0'�in�the�appropriate�box(es).

Note10.1Feesforexaminationoftheaccounts
Pleaseprovidedetailsoftheamountpaidforanystatutoryexternalscrutinyofaccounts
andotherservicesprovidedbyyourindependentexaminer.Ifnothingwaspaidplease
enter'0'intheappropriatebox(es).
Independentexaminer’sfees
Assuranceservicesotherthanindependentexamination
Taxadvisoryfees
Otherfees(forexample:financialadvice,consultancy,accountancyservices)paidtothe
independentexaminer		 Thisyear
£		 Lastyear
£
960 -
- -
- -
- -

CC17a�(Excel)

20/02/2024

20

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�11���������������������������Paid�employees

Please�complete�this�note�if�the�charity�has�any�employees�(transactions�with�Trustees�dealt�with�in�Note�28)

11.1StaffCosts
Thisyear Lastyear
£ £
Salariesandwages 57,070 41,702
Socialsecuritycosts 1,734 331
Pensioncosts(definedcontributionscheme) 4,566 3,336
Otheremployeebenefits Totalstaffcosts -
63,370		 -
45,369
Thisyear:
Pleaseprovidedetailsofexpenditureonstaffworkingforthecharity
whosecontractsarewithandarepaidbyarelatedparty		 N/A
Lastyear:
Pleaseprovidedetailsofexpenditureonstaffworkingforthecharity
whosecontractsarewithandarepaidbyarelatedparty		 N/A

Please�give�details�of�the�number�of�employees�whose�total�employee�benefits�(excluding�employer�pension�costs)�fell� within�each�band�of�£10,000�from�£60,000�upwards.��If�there�are�no�such�transactions,�please�enter�'true'�in�the�box� provided.

11.1StaffCosts 11.1StaffCosts
Salariesandwages
Socialsecuritycosts
Pensioncosts(definedcontributionscheme)
Otheremployeebenefits		 Thisyear
£		 Lastyear
£
57,070 41,702
1,734 331
4,566 3,336
- -
Totalstaffcosts
Thisyear:
Pleaseprovidedetailsofexpenditureonstaffworkingforthecharity
whosecontractsarewithandarepaidbyarelatedparty
Lastyear:
Pleaseprovidedetailsofexpenditureonstaffworkingforthecharity
whosecontractsarewithandarepaidbyarelatedparty		 63,370 45,369
N/A
N/A
Pleasegivedetailsofthenumberofemployeeswhosetotalemployeebenefits(excludingemployerpensioncosts)fell
withineachbandof£10,000from£60,000upwards.Iftherearenosuchtransactions,pleaseenter'true'inthebox
provided.
Noemployeesreceivedemployeebenefits(excludingemployerpension
costs)forthereportingperiodofmorethan£60,000		 TRUE
Band Numberofemployees
Thisyear Lastyear
£60,000to£69,999 - -
£70,000to£79,999 - -
£80,000to£89,999 - -
£90,000to£99,999 - -
£100,000to£109,999 - -
Pleaseprovidethetotalamountpaidtokeymanagementpersonnel
(includestrusteesandseniormanagement)fortheirservicestothe
11.2Averageheadcountintheyear
Thepartsofthecharityinwhichthe
employeeswork
Fundraising
CharitableActivities
Governance
Other
Total
11.3Ex-gratiapaymentstoemployeesandothers(excludingtrustees)
Pleasecompleteifanex-gratiapaymentismade.
Pleaseexplainthenatureofthepayment
Thisyear
Lastyear
Pleasestatethelegalauthorityorreasonfor
makingthepayment
Thisyear
Lastyear
Thisyear Lastyear
£ £
- -
Thisyear
Number		 Lastyear
Number
Fundraising - -
CharitableActivities 2 2
Governance - -
Other - -
2 2
Thisyear
Lastyear
Thisyear
Lastyear

CC17a�(Excel)

20/02/2024

21

Thisyear Lastyear
£ £
Pleasestatetheamountofthepayment(orvalueofanywaiverofaright - -
toanasset)
11.4Redundancypayments
Pleasecompleteifanyredundancyorterminationpaymentismadeintheperiod.
Thisyear Lastyear
£ £
Totalamountofpayment - -
Thenatureofthepayment(cash,assetetc.)
Thisyear Lastyear
£ £
Theextentofredundancyfundingatthebalancesheetdate - -
Pleasestatetheaccountingpolicyforanyredundancyortermination
payments

CC17a�(Excel)

20/02/2024

22

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�12�����������������������Defined�contribution�pension�scheme�or�defined�benefit�scheme�accounted�for�as�a� defined�contribution�scheme.

12.1���Please�complete�this�note�if�a�defined�contribution�pension�scheme�is�operated.

12.1Pleasecompletethisnoteifadefinedcontributionpensionscheme isoperated.
Thisyear Lastyear
£ £
AmountofcontributionsrecognisedintheSOFAasanexpense 4,566 3,583
Pleaseexplainthebasisforallocatingtheliabilityandexpenseof Allpension Allpension
definedcontributionpensionschemebetweenactivitiesandbetween contributionsare contributionsare
restrictedandunrestrictedfunds. incurredinrestricted incurredinrestricted
funds. funds.However,dueto
thechangein
accountingstandards,
anendofperiodliability
isrecordedin
unrestrictedfunds.

12.2��Please�complete�this�section�where�the�charity�participates�in�a�defined�benefit�pension�plan�but�is�unable�to� ascertain�its�share�of�the�underlying�assets�and�liabilities.

Please�confirm�that�although�the�scheme�is� accounted�for�as�a�defined�contribution� plan,�it�is�a�defined�benefit�plan. Please�provide�such�information�as�is� available�about�the�plan's�surplus�or�deficit� and�the�implications,�if�any,�for�the� reporting�charity�this�year�and�last�year,�if� different

12.3��Please�complete�this�section�where�the�charity�participates�in�a�multi-employer�defined�benefit�pension�plan�that� is�accounted�for�as�a�defined�contribution�plan.

Describe�the�extent�to�which�the�charity�can� be�liable�to�the�plan�for�other�entities'� obligations�under�the�terms�and�conditions� of�the�multi-employer�plan.��If�this�is� different�for�last�year,�provide�details Provide�an�explanation�of�how�any�liability� arising�from�an�agreement�with�a�multiemployer�plan�to�fund�a�deficit�has�been� determined.��If�this�is�different�for�last�year,� provide�details

CC17a�(Excel)

20/02/2024

23

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�13���������������������������Grantmaking

Please�complete�this�note�if�the�charity�made�any�grants�or�donations�which�in�aggregate�form�a�material�part�of�the�charitable� activities�undertaken.

This�year:

13.1�Analysis�of�grants�paid�(included�in�cost�of�charitable�activities)

----- Start of picture text -----
Grants�to�
Analysis Grants�to�institutions individuals Support�costs Total
£ £
OFTW 7,475.98 - - 7,475.98
SoGive 65,208.75 - - 65,208.75
Individuals 73,001.54 - 73,001.54
Total 72,684.73 73,001.54 - 145,686.27
----- End of picture text -----

Please�enter�“Nil”�if�the�charity�does�not�identify�and/or�allocate�support�costs.

13.2�Grants�made�to�institutions�

Mycharityhasmadegrantstoparticularinstitutionsthatarematerialinthe
contextofitsgrantmaking.Detailsoftheinstitutionsupported,purposeofthe
grantandtotalpaidtoeachinstitutionisavailableonthecharity'swebsite.		 Yes
No		 Pleaseprovide
detailsofcharity's
URL.
Providedetails
below
Namesofinstitution Purpose Totalamountof
grantspaid£
OnefortheWorld https://1fortheworld.org/ 7,476
SoGive https://sogive.org/#home 65,209
-
-
-
-
-
-
-
Totalgrantstoinstitutionsinreportingperiod 72,685
Otherunanalysedgrants -
TOTALGRANTSPAID 72,685

Last�year:

Lastyear: Lastyear: Lastyear:
13.3Analysisofgrantspaid(includedincostofcharitableactivities)
Analysis Grantstoinstitutions Grantsto
individuals		 Supportcosts
£		 Total
£
OFTW 50,000.00 - - 50,000.00
SoGive 27,708.75 - - 27,708.75
ChristiansforImpactUSA 2,853.32 - - 2,853.32
Total 80,562.07 - - 80,562.07

CC17a�(Excel)

20/02/2024

24

Please�enter�“Nil”�if�the�charity�does�not�identify�and/or�allocate�support�costs.

13.4�Grants�made�to�institutions�

13.4Grantsmadetoinstitutions 13.4Grantsmadetoinstitutions 13.4Grantsmadetoinstitutions
Mycharityhasmadegrantstoparticularinstitutionsthatarematerialinthe
contextofitsgrantmaking.Detailsoftheinstitutionsupported,purposeofthe
grantandtotalpaidtoeachinstitutionisavailableonthecharity'swebsite.		 Yes Pleaseprovide
detailsofcharity's
URL.
No Providedetails
below
Namesofinstitution Purpose Totalamountof
grantspaid£
OnefortheWorld https://1fortheworld.org/ 50,000
SoGive https://sogive.org/#home 27,709
ChristiansforImpactUSA https://www.eaforchristians.org/ 2,853
-
-
-
-
-
-
-
Totalgrantstoinstitutionsinreportingperiod
Otherunanalysedgrants
TOTALGRANTSPAID		 80,562
-
80,562

CC17a�(Excel)

20/02/2024

25

Section�C��������������������������������������������Notes�to�the�accounts�����������������������������������(cont)

Note�19�������������������������Debtors�and�prepayments

Please�complete�this�note�if�the�charity�has�any�debtors�or�prepayments.

19.1�����Analysis�of�debtors

19.1Analysisofdebtors
Thisyear Lastyear
£ £
Tradedebtors - -
Prepaymentsandaccruedincome - -
Otherdebtors - -
Total - -

Complete�19.2�where�a�material�debtor�is�recoverable�more�than�a�year�after�the�reporting�date.

19.2�����Disclosure�of�debtors�recoverable�in�more�than�1�year�(included�in�debtors�above)

Thisyear
£		 Lastyear
£
Tradedebtors - -
Prepaymentsandaccruedincome - -
Otherdebtors - -
Total - -

CC17a�(Excel)

20/02/2024

26

Section�C��������������������������������������������Notes�to�the�accounts�������������������������������������(cont)

Note�20�������������������������Creditors�and�accruals

Please�complete�this�note�if�the�charity�has�any�creditors�or�accruals.

20.1�Analysis�of�creditors

20.1Analysisofcreditors
Amountsfallingduewithin Amountsfallingdueafter
oneyear morethanoneyear
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
Accrualsforgrantspayable - - - -
Bankloansandoverdrafts - - - -
Tradecreditors - - - -
Paymentsreceivedonaccountforcontractsor
performance-relatedgrants - - - -
Accrualsanddeferredincome 960 1,414 - -
Taxationandsocialsecurity - - - -
Othercreditors 456 - - -
Total 1,416 1,414 - -

20.2�Deferred�income

Please�complete�this�note�if�the�charity�has�deferred�income.

Thisyear Last year
Pleaseexplainthereasonswhyincomeis
deferred.
Movementindeferredincomeaccount Thisyear
£		 Lastyear
£
Balanceatthestartofthereportingperiod - -
Amountsaddedincurrentperiod - -
Amountsreleasedtoincomefrompreviousperiods - -
Balanceattheendofthereportingperiod - -

CC17a�(Excel)

20/02/2024

27

SectionCNotestotheaccounts(cont) SectionCNotestotheaccounts(cont) SectionCNotestotheaccounts(cont)
Note24Cashatbankandinhand
Shorttermcashinvestments(lessthan3monthsmaturitydate)
Shorttermdeposits
Cashatbankandonhand
Other
Thisyear
£		 Lastyear
£
- -
- -
44,423 32,295
- -
Total 44,423 32,295

CC17a�(Excel)

20/02/2024

28

Section�C��������������������������������������������Notes�to�the�accounts�����������������������������������������(cont)

Note�25�������������Fair�value�of�assets�and�liabilities

This�year Last�year 25.1��Please�provide�details�of�the�charity's� exposure�to�credit�risk�(the�risk�of�incurring�a� loss�due�to�a�debtor�not�paying�what�is�owed)�,� Credit/Market�Risk:�Low�exposure�as�cash�is�held�in� Credit/Market�Risk:�Low�exposure�as�cash�is�held�in� liquidity�risk�(the�risk�of�not�being�able�to�meet� high�quality�banks� high�quality�banks� short�term�financial�demands)�and�market�risk� Liquidity�Risk:�Low�exposure�as�the�main�activity�is� Liquidity�Risk:�Low�exposure�as�the�main�activity�is� (the�risk�that�the�value�of�an�investment�will�fall� grant�making�and�grants�are�not�paid�until�cash�is� grant�making�and�grants�are�not�paid�until�cash�is� due�to�changes�in�the�market)�arising�from� received.�Other�expenditures�are�low�compared�to� received.�Other�expenditures�are�low�compared�to� financial�instruments�to�which�the�charity�is� cash�level� cash�level� exposed�at�the�end�of�the�reporting�period�and� explain�how�the�charity�manages�those�risks. 25.2��Please�give�details�of�the�amount�of� change�in�the�fair�value�of�basic�financial� instruments�(debtors,�creditors,�investments� (see�section�11,�FRS�102�SORP))�measured�at� fair�value�through�the�SoFA�that�is�attributable� to�changes�in�credit�risk. N/A N/A

CC17a�(Excel)

20/02/2024

29

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�26�������������������������Events�after�the�end�of�the�reporting�period

Please�complete�this�note�events�(not�requiring�adjustment�to�the�accounts)�have�occurred�after�the�end�of�the�reporting�period� but�before�the�accounts�are�authorised�which�relate�to�conditions�that�arose�after�the�end�of�the�reporting�period.

Pleaseprovidedetailsofthenatureofthe
event
Provideanestimateofthefinancialeffectof
theeventorastatementthatsuchanestimate
cannotbemade		 Thisyear
Lastyear		 Thisyear
Lastyear
N/A N/A

CC17a�(Excel)

20/02/2024

30

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�27�������������������������Charity�funds

27.1�Details�of�material�funds�held�and�movements�during�the�CURRENT�reporting�period Please�give�details�of�the�movements�of�material�individual�funds�in�the�reporting�period�together�with�a�balancing�figure�for�'Other�funds'�(which�should�include�revaluation�reserve�and� fair�value�reserve,�if�applicable).��The�'Total�funds'�figure�below�should�reconcile�to�'Total�funds'�in�the�balance�sheet.

----- Start of picture text -----
�Key:�PE�-�permanent�endowment�funds;�EE�-�expendable�endowment�funds;�R�-�restricted�income�funds,�including�special�trusts,�of�the�charity;�and�U�-�unrestricted�funds
Fund� Fund�
Type�PE,�EE��R�or�UR� Purpose�and�Restrictions balances�brought� Gains�and� balances�carried�
forward Income Expenditure Transfers losses forward
Fund�names £ £ £ £ £ £
Unrestricted UR Fund�ongoing�operations�of�organization 27,783 26,568 - 960 - 15,282 - 38,108
Grants�restricted�by�specific�grantee,�other�
restricted�funds�restricted�to�community�
Restricted R building�activities 3,098 225,981 - 239,007 15,282 - 5,355
-
-
-
-
-
-
-
-
Other�funds�(balancing�figure) N/a N/a - - - - - -
Total�Funds�as�per�balance�sheet 30,881 252,548 - 239,967 - - 43,463
Yes No
Fund�balances�carried�forward�include�assets�and�liabilities�denominated�in�a�foreign�currency FALSE TRUE
If�yes,�please�state�the�basis�on�which�the�assets�and/or�liabilities�have�been�translated�into�sterling�(or�
the�currency�in�which�the�accounts�are�drawn�up).
----- End of picture text -----

CC17a�(Excel)

20/02/2024

31

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�27�������������������������Charity�funds

27.2�Details�of�material�funds�held�and�movements�during�the�PREVIOUS�reporting�period Please�give�details�of�the�movements�of�material�individual�funds�in�the�reporting�period�together�with�a�balancing�figure�for�'Other�funds'�(which�should�include�revaluation�reserve�and� fair�value�reserve,�if�applicable).��The�'Total�funds'�figure�below�should�reconcile�to�'Total�funds'�in�the�balance�sheet.

----- Start of picture text -----
Fund� Fund�
Type�PE,�EE��R� Purpose�and�Restrictions balances� balances�
or�UR� brought� Gains�and� carried�
forward Income Expenditure Transfers losses forward
Fund�names £ £ £ £ £ £
Unrestricted UR Fund�ongoing�operations�of�organization 32,978 19,069 - 1,414 - 22,851 - 27,783
Grants�restricted�by�specific�grantee,�other�
restricted�funds�restricted�to�community�
Restricted R building�activities 16,348 95,301 - 131,401 22,851 - 3,098
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other�funds�(balancing�figure) N/a N/a - - - - - -
Total�Funds�as�per�balance�sheet 49,326 114,370 - 132,815 - - 30,881
Yes No
Fund�balances�carried�forward�include�assets�and�liabilities�denominated�in�a�foreign�currency FALSE TRUE
----- End of picture text -----*

CC17a�(Excel)

20/02/2024

32

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

SectionCNotestotheaccounts(cont) SectionCNotestotheaccounts(cont) SectionCNotestotheaccounts(cont)
Note27Charityfunds(cont)
27.3Transfersbetweenfunds
Thisyear
Reasonfortransferandwhereendowmentisconvertedtoincome,legal
powerforitsconversion		 Amount
Betweenunrestrictedand
restrictedfunds		 Unrestrictedtransfertorestrictedtocoverremainingportionofoperationsnot
coveredbyrestrictedfund		 15,282
Betweenendowmentand
restrictedfunds		 -
Betweenendowmentand
unrestrictedfunds		 -
15,282
Lastyear
Reasonfortransferandwhereendowmentisconvertedtoincome,legal
powerforitsconversion		 Amount
Betweenunrestrictedand
restrictedfunds		 Unrestrictedtransfertorestrictedtocoverremainingportionofoperationsnot
coveredbyrestrictedfund		 22,851
Betweenendowmentand
restrictedfunds		 -
Betweenendowmentand
unrestrictedfunds		 -
22,851
27.4Designatedfunds
Thisyear
Planneduse Purposeofthedesignation Amount
-
-
-
-
-
-
Lastyear
Planneduse Purposeofthedesignation Amount
-
-
-
-
-
-

CC17a�(Excel)

20/02/2024

33

Section�C��������������������������������������������Notes�to�the�accounts��������������������������������������������������������(cont)

Note�28�������������������������Transactions�with�trustees�and�related�parties

�If�the�charity�has�any�transactions�with�related�parties�(other�than�the�trustee�expenses�explained�in�guidance�notes)�details�of�such� transactions�should�be�provided�in�this�note.��If�there�are�no�transactions�to�report,�please�enter�“True”�in�the�box�or�"False"�if�there�are� transactions�to�report.�

�28.1�Trustee�remuneration�and�benefits

This�year

None�of�the�trustees�have�been�paid�any�remuneration�or�received�any�other�benefits�from�an�employment�with� TRUE their�charity�or�a�related�entity�(True�or�False)

In�the�period�the�charity�has�paid�trustees�remuneration�and�benefits.��Please�give�the�amount�of,�and�legal�authority�for,�any� remuneration�or�other�benefits�paid�to�a�trustee�by�the�charity�or�any�institution�or�company�connected�with�it.�

Amountspaidorbenefitvalue Amountspaidorbenefitvalue Amountspaidorbenefitvalue
Nameoftrustee Legalauthority(eg
order,governing
document)		 Remuneration Pension
contribution		 Redundancy
(includingloss
ofoffice)/ex
gratia		 Other TOTAL
£ £ £ £ £
-
- - - -
-
- - - -
-
- - - -
-
- - - -
Pleasegivedetailsofwhyremunerationorotheremployment
benefitswerepaid.
Whereanexgratiapaymenthasbeenmadetoatrustee,provide
anexplanationofthenatureofthepayment.
Ifathirdpartyhasbeenreimbursedforprovidingoneormore
trustees,statethenatureofthepaymentandamountofthe
reimbursement.
Statethenumberoftrusteestowhomretirementbenefitsare
accruingunderadefinedcontributionpensionscheme.

Last�year

None�of�the�trustees�have�been�paid�any�remuneration�or�received�any�other�benefits�from�an�employment�with� their�charity�or�a�related�entity�(True�or�False)

In�the�period�the�charity�has�paid�trustees�remuneration�and�benefits.��Please�give�the�amount�of,�and�legal�authority�for,�any� remuneration�or�other�benefits�paid�to�a�trustee�by�the�charity�or�any�institution�or�company�connected�with�it.�

Amountspaidorbenefitvalue Amountspaidorbenefitvalue Amountspaidorbenefitvalue
Remuneration Pension Redundancy Other TOTAL
Legalauthority(eg contribution (includingloss
Nameoftrustee order,governing ofoffice)/ex
document) gratia
£ £ £ £
-
- - - -
-
- - - -
-
- - - -
-
- - - -

CC17a�(Excel)

20/02/2024

34

Please�give�details�of�why�remuneration�or�other�employment� benefits�were�paid. Where�an�ex�gratia�payment�has�been�made�to�a�trustee,�provide� an�explanation�of�the�nature�of�the�payment. If�a�third�party�has�been�reimbursed�for�providing�one�or�more� trustees,�state�the�nature�of�the�payment�and�amount�of�the� reimbursement. State�the�number�of�trustees�to�whom�retirement�benefits�are� accruing�under�a�defined�contribution�pension�scheme.

28.2�Trustees'�expenses

�If�the�charity�has�paid�trustees�expenses�for�fulfilling�their�duties,�details�of�such�transactions�should�be�provided�in�this�note.��If�there� are�no�transactions�to�report,�please�enter�“True”�in�the�box�below.�If�there�are�transactions�to�report,�please�enter�"False".

No�trustee�expenses�have�been�incurred�(True�or�False)

----- Start of picture text -----
This�year Last�year
Type�of�expenses�reimbursed
£ £
Travel
- -
Subsistence
- -
Accommodation
- -
Other�(please�specify): - -
- -
TOTAL - -
Please�provide�the�number�of�trustees�reimbursed�for�expenses�or�who�had�
expenses�paid�by�the�charity
----- End of picture text -----

28.3�Transaction(s)�with�related�parties�

Please�give�details�of�any�transaction�undertaken�by�(or�on�behalf�of)�the�charity�in�which�a�related�party�has�a�material�interest,� including�where�funds�have�been�held�as�agent�for�related�parties.��If�there�are�no�such�transactions,�please�enter�'true'�in�the�box� provided.

This�year

There�have�been�no�related�party�transactions�in�the�reporting�period�(True�or�False)

Nameofthetrusteeor
relatedparty
Relationshipto
charity
Descriptionofthe
transaction(s)		 Amount Balanceat
periodend		 Provisionforbaddebtsat
periodend		 Amounts
writtenoff
during
reporting
period
£ £ £ £
- - - -
- - - -
- - - -
- - - -
Inrelationtothetransactionsabove,pleaseprovidetheterms
andconditions,includinganysecurityandthenatureofany
payment(consideration)tobeprovidedinsettlement.

For�any�related�party,�please�provide�details�of�any�guarantees� given�or�received.

Last�year

There�have�been�no�related�party�transactions�in�the�reporting�period�(True�or�False)

CC17a�(Excel)

20/02/2024

35

----- Start of picture text -----
Amounts�
written�off�
Name�of�the�trustee�or� Relationship�to� Description�of�the� Amount Balance�at� Provision�for�bad�debts�at� during�
related�party charity transaction(s) period�end period�end
reporting�
period
£ £ £ £
- - - -
- - - -
- - - -
- - - -
In�relation�to�the�transactions�above,�please�provide�the�terms�
and�conditions,�including�any�security�and�the�nature�of�any�
payment�(consideration)�to�be�provided�in�settlement.
For�any�related�party,�please�provide�details�of�any�guarantees�
given�or�received.
----- End of picture text -----

CC17a�(Excel)

20/02/2024

36

Report of the Independent Examiner

Independent examiner's report to the Trustees of Effective Altruism UK ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for then preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company 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 Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in 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).

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.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Laura Waycott FCA Dated: 20/2/24 GRIFFIN Courtenay House Pynes Hill Exeter EX2 5AZ

37