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← Chips (Christian International Peace Service)

2024-03-31-accounts

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Trustees Annual Report And Financial Statements

1st April 2023 - 31st March 2024

Charity No.: 1174527

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CONTENTS PAGE
1. Letter from Chair......................................................... 3
2. Letter from Director................................................... 3
3. Overview of CHIPS..................................................... 4
4. Highlights of the Year............................................... 7
5. Plans for the Future................................................... 7
6. Governance and Structure...................................... 8
7. Statement of the Board............................................. 10
8. Independent examiners report............................... 11
9. Financial Statements and Accounts...................... 13

CHARITY INFORMATION

TRUSTEES Neville Jephcote - Chair from 17/04/23
Julie Finn (from 07/18 till 23/09/23) - Chair till 17/04/23
Zac Egau
Elise Belcher - Vice-Chair from 19/01/24
Sue O’Connor (from 19/01/24)
Bilen Ainealam (from 19/01/24)
Rebekeh Rice (from 19/01/24)
KEY STAFF Alexandra Cameron, Director (from 01/04/23)
GOVERNING
DOCUMENT		 Constitution dated 10th August 2017
CHARITY NO. 1174527
REGISTERED
ADDRESS		 Unit 7, Warwick House, Overton Road,
London, SW9 7JP
INDEPENDENT
EXAMINER		 Enaid Accountancy Ltd, Units 24 & 25,
Goodsheds Container Village, Hood Road,
Barry, CF62 5QU
BANKERS Co-operative Bank, PO Box 250,
Skelmersdale, WN8 6WT

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Neville Jephcote - Chair

I am proud to present our Annual Report & Accounts up to March 2024. The year has seen some significant changes. Our new Director, Alex Cameron, started employment with us on April 1st, having already spent time previously assisting in various ways ex-officio. Shortly afterwards, I was formally appointed as Acting Chairperson, being accepted as Chair later in the year. I am pleased to report that our Board of Trustees has also increased, doubling in size from 3 members to 6.

During the year, we increased our income through donations and grant funding. While being successful with some applications, we were also approached by statutory bodies to undertake additional local projects on their behalf.

Not only has our income increased, but more importantly so have our activities, as we become more immersed in the communities we are so proud to serve. Both in Lambeth and in Nakpayili, we continue to show that CHIPS may be a small charity but it punches well above its weight, continuing to build on the legacy of its founder and to change lives. Because we take sides, both sides, living with the people we love and helping to bring Christ’s love into the heart of conflict.

Neville

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Alex Cameron - Director

This year has been a whirlwind of activity, made possible by God’s grace, the generosity of our supporters, and the dedication of our teams in adapting to new challenges.

It has been a privilege to return to CHIPS as Director. My journey with CHIPS began when I was a founding volunteer (2014-18) for the Brixton project, an experience that profoundly shaped my understanding of peacemaking. I was drawn to CHIPS’ unique approach: listening deeply to communities, bridging divides through teams living together across conflict lines, and committing for the long term—because peace requires patience. Returning to CHIPS after gaining skills overseas, it has been a joy to contribute to the incredible work of our teams.

This year, our projects have thrived. In Brixton, we launched new initiatives in schools and provided vital support for parents. In Ghana, the team celebrated the successful launch of a Credit Union, improving financial access for underserved communities. We also strengthened our foundations through a review of policies, procedures, and staff training, ensuring we are equipped to support our projects effectively. A 50% increase in income has further expanded our ability to create impact.

Peacemaking is rarely linear. This year brought breakthroughs and challenges. While progress can feel like two steps forward and one step back, hope remains central to our mission—a hope for a world where peace is possible. In a year marked by rising global conflicts, the urgency of CHIPS’ work has never been clearer. Thank you for walking alongside us through prayer, financial support, and volunteering. Together, we are building a future where reconciliation can flourish.

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Alex

CHIPS (Christian International Peace Service) aims to bring about peace and reconciliation in areas of conflict or tension. We have over 58 years’ experience helping communities in the UK, Cyprus, India, the Philippines, Northern Ireland and Uganda; with our current projects being in Northern Ghana and Brixton, UK. We help communities build futures free from violent conflict through practical projects that both tackle the root causes of the division and bring the sides together to build trust and healthy relationships.

Our vision is for a world in which all people and communities experiencing violent conflict are working for peace by transforming the violence and division into healthy and harmonious relationships.

Vision

Inspired by the life of Jesus, we live in the communities experiencing the conflict and work for sustainable peace by undertaking practical projects with both sides, fostering positive interaction, reducing enmity, and building stability.

Mission

Inter-Tribe Market Traders - Ghana “Through trading together, we see the benefits of our collaboration and our ability to support each other through hard times.”

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“I like it here. CHIPS is a comfortable and expressive space.”

Go-Karting Trip - Brixton, UK

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1. We go where we are invited:

We believe that we should go where people want us and in an attitude of humility. Peace cannot be imposed by outsiders upon communities in conflict.

2. We live in the heart of conflict:

We believe that we must live amongst communities in the heart of the conflict area in order to understand their challenges and experience their difficulties as well as their lifestyle. Positive actions/projects contribute to the diffusion of tension.

3. We take sides. Both sides:

We believe in taking sides. Both sides. We seek to understand everyone’s perspective - to identify completely with each side without expressing an alternative point of view to begin with.

4. We’re committed for the long term:

We believe that a long term commitment to sustainable development projects provides stability in uncertainty, builds trust in relationships, and is the only way to achieve lasting peace.

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CHIPS was founded by Roy Calvocoressi, a British Barrister, who grew frustrated by the legal system’s tendency to label one side as ‘innocent’ and the other as ‘guilty,’ overlooking the complexities and root causes of conflict. His reflections led him to Cyprus in the 1960s, where he brought together a team to live and work at the heart of a divided community.

Inspired by their experience and God’s heart for those suffering in conflict, CHIPS began establishing Christian communities in conflict zones worldwide. Today, we continue to grow, welcoming new partners and supporters to join us in the transformative work of peacemaking.

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4 Core Principles

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Nakpayili, Ghana

The Nanumba and Konkomba tribes in northern Ghana have experienced decades of conflict rooted in issues of land ownership, power, and identity, with origins in colonial-era governance. While widespread violence has been rare, outbreaks have been devastating, leaving communities divided and strained. Ongoing disputes over chieftaincies remain a flashpoint.

In 2011, CHIPS was invited to help foster peace between these tribes. Our work focuses on creating economic opportunities and improving health outcomes while using methods that bring different tribes together, encouraging collaboration and reconciliation. Based in Nakpayili, a small village in the Northern Region, our team—which includes members from all tribes—works with over 18 communities across the region, directly benefiting at least 800 people each year.

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Brixton, UK

Ten years ago, CHIPS was invited to Brixton in response to a rise in serious youth violence. Since then, we’ve worked to empower underserved communities through holistic, public healthinspired approaches. Our work focuses on four key areas: empowering young people through safe spaces, mentorship, and diverse experiences; strengthening families with tailored support and training; fostering community cohesion by building relationships and addressing local needs; and bridging gaps with statutory organisations to promote collaboration and understanding. Together, these initiatives help address the root causes of violence and build a more resilient community. Each year we support over 70 young people and up to 200 families.

For more stories, see our Impact Report

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Savings and Loans groups 20 saved 446,243 GHA Successful Community Animal (approx. £24,000) multi-tribe Health Workers Ginger farm Ghana 98 Credit Union 17 Crop Loans members Over 30 children graduated from malnourishment programme

Starting the Helping Brixton Ear Network and Fathers and Influential Males Over 50 young Night to support people taking part parents. in Youth Experience Club. STEP dance Successful summer programme in programme with 20 schools engaging 30 young people. young people.

New Team Members.

Plans for the future

In 2024/25 we plan to:

  1. Stabilise and continue growth of programmes in Brixton and Ghana

  3. Increase staff numbers to sustain recent growth

  4. Prepare a new 5-year strategy to be launched in 2025

  5. Make preparations for expansion into new project locations and areas of work.

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Formation

CHIPS (Christian International Peace Service) was established as a Charitable Incorporated Organisation by a Constitution dated 10th August 2017 and has the Registered Charity Number 1174527.

On 23rd October 2017, the Charity Commission authorised the transfer to the charity of all the assets and liabilities of Christian International Peace Service (Charity Number 267140) (The Trust). The transfer took effect from 1st April 2018 with the assumption by the charity of all the charitable activities of the Trust.

Trustees

The trustees are the only voting members of the charity. They are not remunerated in any form for their services as trustees. The existing trustees have the power to appoint new or additional trustees.

Under the terms of the Constitution, the trustees have the power to do anything which is calculated to further the objects of the charity or is conducive or incidental to doing so. The income and property of the charity must be applied solely towards the promotion of its objects.

Objects

The objects of the charity are, for the public benefit:

  1. To advance the Christian Gospel throughout the world, particularly in areas of tension, unrest and suffering by all charitable means available; and

  2. To relieve poverty and advance education throughout the world, particularly in areas of tension, unrest and suffering.

In practice this is achieved by supporting teams living in communities experiencing violent conflict, empowering and equipping them to make peace and build sustainable futures free from violence.

The trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission.

Organisation

The Trustees meet once every quarter. They are primarily concerned with major decisions and with the strategy of the charity. They keep the charity’s financial position under review. They oversee the recruitment of senior staff and agree to other staff appointments as necessary.

Normal operational decisions are delegated to the Director who provides regular briefings to the Trustees. The Director had frequent and regular access to the Chair of Trustees and other trustees as needed. Alexandra Cameron started as Director on 1st April 2023 and continued in the position throughout the financial year.

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Trustees' Responsibilities

Charity law requires us as Trustees to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year. We are required to:

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Financial Statement

During the 23/24 financial year the charity achieved a surplus of £20,328 (2023 - £12,018), increasing total reserves at year end to £61,276 (2023 - £40,948).

Of the total reserves held at year end £34,296 were unrestricted in nature (2023 - £29,395).

Reserves Policy

The Trustees have established a policy whereby free reserves held by the charity should be set at a minimum of 3 month’s expenditure to allow for an orderly closure should the decision be made to close the charity. At the end of 2023/2024 this sat at £38,577, with the year-end unrestricted reserves sitting below this limit at £34,296. Whilst below this limit, the trustees are confident that this position will continue to improve over the next financial year.

Risk Statement

The Trustees continue to review the risks to which they consider the charity is exposed. Appropriate procedures are in place to identify, monitor, and review these risks on a regular basis. During this year the income of CHIPS increased by 50%, greatly improving the charities’ financial situation; therefore, the trustees returned to meeting every quarter, having been meeting every month from April-August 2023. The trustees have identified that the primary risks to the charity are financial instability and, as above, the financial position is reviewed on a monthly basis.

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The trustees are responsible for preparing the trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website.

Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that the content of the annual review in pages 3-10 of this document as well as the legal and administrative details on page 2, meet the requirements of the Trustees’ Annual Report under charity law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

This report was approved and authorised for issue by the Board of Trustees on 24 January 2025 and signed on its behalf by:

N W JEPHCOTE

N W JEPHCOTE (Jan 28, 2025 11:45 GMT)

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Neville Jephcote, Chair of the Board of Trustees

I report to the trustees on my examination of the accounts of CHIPS (Christian International Peace Service) (charity number 1174527) for the year ended 31 March 2024 set out on pages 13 to 23.

Respective responsibilities of trustees and examiner

The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Charities Act). The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act and that an independent examination is needed.

It is my responsibility to:

This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’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 Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

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Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

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Andrew Nash FCA

For and on behalf of Enaid Accountancy Ltd

Member of the Institute of Chartered Accountants in England & Wales (no. 2461833) Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU Date: 27 January 2025

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STATEMENT OF FINANCIAL ACTIVITIES rfdr. For the year ended 31 March 2024 Unrestricted Restricted Funds Fiinds Year elided Yei?r ended 31 Mar 2U24 31 2024 Toiftl Fund5 Fiinds Year endrd Yeor eiiderf 31 Mar 2024 31 Mur2023 Notes Income from Dvi)ativny and legacies Investment5 47J82 A94Jli3 J58J88 Tolal Ancome 47J82 194th3 58024 Expenditure on RcTriSiI)g flinds Charitable aciiviiies 4¢5 4&6 ,44 l7,011 4J84 40,337 205262 Tolal expendilure Net ￿11]5/{1056e5)o]l ii)vesttnents Net incomellexpenditiire Reconciliation of funds I711,(J￿) 22A.417 4.901 15A27 20,328 13,018 Total fluids hrought fonvard Tolal fundy carried forward ij fyJ2 29J95 11.553 2¥J930 26,( 61,2 All ineomefrom invesimen¢s wos unrestrieied in boih Ihe eurreni undyrioryeur The notes on poge5 15tO 23[orm p(4rl of tkefiitanciol stotenienÉs. 13

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Balance sheet
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N W JEPHCOTE

N W JEPHCOTE (Jan 28, 2025 11:45 GMT)

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NOTES TO THE FINANCIAL STATEMENTS Basis of preparalion of ihe finaneial slalements general objecuves of the Charity and which have noi been dc5ignated lor othcr purpose& Hcstrictcd lunds arc flind5 that are to bc used in accordance with 5pccific re5triclion5 irnposcd by donor5 or that have b£en rnised bv Ilie Charity for yarticular pui'yoses. The cosi or rcli5in¥ cind admini5terin¥ such fiinds are char¥cd a¥ain5t the 5pccific FutKI. 'I'hc aim and usc of cach restricted fiind 15 set out in notc li of the financial stcltctncnt5. 'I'he financial 5tatctnent5 have bcen prcparcd in accordance with'Charitie5 5011IJ11,'IIS Iu21- AccoiJntin¥ and Ileportin¥ by Cha]Itie& 5tatctncnt ol Ilecommended l)ractice applicablc to charities preyariniF iheir accoujits in accordance wilh tlie F'inancial Ilcponin¥ Standard applicablc in the UK and Hcpublic OF Ireland Ib115 Jozl 5ccond edition lclfective Janiiary 2UIg1', thc I,inancial IlcportinK Standard applicablc in the UK and Republic of Ireland IFRS J021 and Ihe Charities Act 21)11. Income 'I'hc effcct of anv event relatin¥ to the period ended 31 March ZVZ4* which occurred belore thc date ol apI)roval of the rinancial 5tatctnent5 by the Board ol 'l'rustees has been ijicluded in ihe fjjiancial siaiejiieiits to Ilie exient required to show a true and lair view ol thc statc ol alfciirs at 31 March ZVZ4 and the result5 lor the year ended on that date. 'I'hc fiinctional currency ol the charity is sterlin¥. 'I'he a￿olint5 in the financial 5tatetnents are roundcd to the nearesi poiijid. Incojne is iEcognised when the chariiy has eniitlenieni to the lunds any perfortnance indicators attached to the itctnlsl of incornc have hccn mct. it 15 probable that the incotnc will rcceii'cd, and thc amoiint can be measured rcliably. Donations are reco&Tnised in full in ihe Statemeni of Financial Aciivities when eniiiled, i'eceiyt is probable aJ)d when ihe amount can bc qiiantified with rca50nable accuracy. Gift aid rcceivciblc i5 incliidcd whcn claiThablc. Grant incorne 15 creditcd to the Statetnent of Financial Aciivities when received or iEceivable whichever is earlier, unless ihe grani relates to a future period, in which oise li is dcfcrred. Ujider ihe exejnpiion available to sinaller charities the Board of 'l'nistce5 has choscn not to include a 5tatctncnt OF Cash F'low5 Wlthin thc financial 5taternents. Inco]nc frorn charitable activities 15 crditcd to the Statemcnt of TrinaT)cial Actiyitics whcn rcceivd or receivablc whichcver is earlier, unless it IElaies io a specific future period or evenu in wliicli case it is deferred. Going concfTn 'I'he financial statctncnt5 have bcen prcparcd on ihe ¥oin¥ coiicerii basis as the Board ofTrustees is confident thai fiitiii'e re5crves and fiitiirc incomc is more than siilficient to mcct irrcnt corntnitrncnt5.'1'he'l'n15tces havc establishcd a policy whercbv Irec rescrvc5 hcld hy thc charity Should be sct at a tiiininiuni of 3 monih's expenditui'e to allow for an orderly c105iire 5hoiild thc decision bc made to closc thc charity.'I'hi5 irrently 51tS clt 138,577, Wlth thc yeatynd unrc5tTirtcd rc5crves sitting below this limit at L34,2g6. Whilst bclow thi5 lijnii, Ihe tiiisiees al'e confident thai this posiiion will cojiiinue to itnprove ovcr thc ncxt financial ycclr. Interest 15 recorded when it 15 receivable. Dividends are accoiintcd lor when due, and recoverahle on 511ch incotne 15 accoiintd lor based on thc repayment due in the fiscal ycar endin¥ in that accounting }'Cclr. Realised iFains or losses are recob7nised when investments are 501d. Unreali5ed ¥ains or 105se5 are accoiinied for on reyaluation ol invc5tments at the period cnd. Legal 5tat115 CIIII)S (Christian Intetijational Ibcace Scrvicel is a chaTitahle incoTporated or¥anisation re¥i5tercd in England and Wale5 and iiieeis the defiiiiiion ora public benefji eniiiv. In the event of the Charity bein. LF woiind lip. thc tru5tces ol the Charity hold no licibility. 'I'hc [cb￿stercd address is Llnit 7. wa￿]ck Iloiise, Ovcrton Iload, Brixton, iA)ndon, Swg 7JE> Expenditure and irrccDverable VA'r All cxpcnditurc is accoiintcd for an accrua15 basis and ha5 been included under expejise catrgoi'ies thai a&iFrebiate all c(kst5 lor allocation to aclivities. Non-recoverable VA'I is includcd a¥ain5t the expcnditiire heading to which it relate5. Indirect cost5, includin¥ ¥ovcrnancc c05t5, which cannot he directlv aiiribuied io aciiviiies, are allocaied between activiiies proportionatc to the dircct costs incurrcd in th￿￿ activitic& Trund AccountiTLg Genei'al funds al'e unresiricted fiijids wliicli al'e available for Usc at thc di5crciion of the 'l'ru5tecs in furthcrance of the Grant5 payable are payment5 tnade to third partie5 in lurthcrance of the Charity'5 objective5. 1$

Unconditional ¥rant ofFer5 are accrued in Full once the recipicnt ha5 becn advisd orthe ¥rant award cind thc payment is pi'obable. WheiE twrajii awards are subject to perforjiiajice conditions that are oiit5idc of thc control ol the Charity thc5e arc accrucd whcn the recipicnts hclvc hecn notified of the Frant award. Irrecoverable VAT is chariped atiainsi the catc¥ory of cxpcnditure for which it was inciirrcd. in the translcr of lunds to a third party, and the amoiint diie to 5cltle thc obli¥ation can be Tn£a5ured or estitnated reliably. Inveslmenis Inve5¢tnent5 are initially measured at their cost and 511bsequenily tncasured at their Fciir value at cach reportin¥ date, which ¥ivcs t75C to unreali5fd ¥ciins11055C5 clt the end of the financial pcriod which is reflecicd in thc SOb'A. Ilealiscd Fajiisllosses are calciilaied as the diflerence between the sales proceed5 and thc opcnin¥ carrying value or thc purchase price 'f acquircd diirin¥ ihc Financicil period. Ilanicil di5wksals are accoiinted for usin¥ thc c7vera￿E valuc. I,air valiie i5 ba5d on the quoted yrice at ilie balantr sheei date withoui dediiciion of estitnated luture sellin¥ c05t5. Taxation As a rcK15tcred charity income and gains are exempt from Corporation 'l'ax to the cxtent that they arc applied to the chaTitablc objertives. l)tnsiDns Pensioj) coiiti'ibiiiions pavable iiiider a defJt]ed coiiiribuiion 5chcrnc arc char¥cd to thc S01,'A in the accounting period to which thcy relate. Tangible fixed assets aMd deP￿CIatIon inancial instrumtntS Basic financial in5trutncnt5 are measured at amort15ed c05t other than inve5ttnent5 which are measured at fair value. Only assets C05till¥ more than are capitali5ed. Cu￿entlY there are no assets held over ihis liillit. Crilieal e61imates and judgements In prepa￿]￿17 fJnaJicial slatenienis il is necessary 10 tiiake certain Jud￿£￿entS. estimate5 alld as5UTllPtIOn5 that alfcct the amounts reco¥n15cd in the financial stalemcnt&'l'hctreatmcnt ol tan¥iblc fixcd as5Ct5 l5 scn51tivc to chan¥cs in 115eful econoinic lives and i'esidual values of assets. These are rcas5C5scd anniially. In thc ￿eW olthe fru5tces in applyin¥ the accountin¥ policie5 adopted, no juductncnt5 were rcqiiired thclt hclvc a 5iKnificant effect on the aiiioiints recomnised in the fjnancial siatemenis nor do any esiimaies oi. assiiinpiions Iiiade carry a siirJiificat]t risk ol material adjustment in the next financial year. Cash at b*Mk in hand Cash at bank and in hand incliidcs Ccish in hcind. dcp051t5 Wlth bank5 and lunds that are readily coni'crtible into cash at, or c105C to, their carrying valiic5. but are not hcld for invcstrncnt purpcb8e& Ikbtors p￿paY￿)ents 'I'radc and other debtors are reco¥ni5cd at the 5Cttlcment amount alter clTiy trcidc discount 15 applicd. l)rcpaytnent5 are valucd at the atnoiint prepaid nct ol cllly trade discoiint5 diic. Crediiors and accn￿lS CreditotS recognised where the charitv has a present uation rc5ulting frotn a past evctlt that will probably rc5uIt

%-£ompar4tiY_e_5_tatf:me￿(o_f_fi)M￿fiaL&r_l1Y_ilIeS Unre51rictod Restricied ￿l￿a5 Tr"und5 Year ended Year ended Year elided 31 McTrf 2023 31 F*lar 2023 31 Mftr 2023 Totftl Noles liicoiiiefrom Donclti0115 and legacies Investments l22,554 636 15,634 158J88 Tolul iiicome 123,iiJu J82124 Expeiidi114re on Raising flind$ iaritable aciivities 445 4384 4J84 140376 144/ GGO (2A46) 31,731 31,731 Tolftl exi)eiidilure Net gainslllossesl on inve5ttnent$ Net incomellexpenditUTel Reconcilialioii offuiids Total funds brought furward Tolftlfiiiids corriedforword 112,929 8 Ji5 12.oJ8 21,280 11412 21 11.JJ3 Unre4iricted Restricted Trfal Fwid5 'unds Year ended Year ended 31 Mar 2i)14 31 Mar 24)24 Year ended Mar 2024 th)naiions Grant incoD]e 34,955 4o,Y61 200,884 J2 A27 Unrestricted wids Year eniled 31 M￿r 2023 Restricted l￿d5 'uiids Year ended Year elided 31 Mar 2023 & Mur 2023 Donations (yf£ll)i income 70.994 19257 16J77 90451 JJ8J88 17.

4...T.oL41.expendiLv. Grants to Staff Other direct Indirect Total partilers cost.g costs Ye￿Trr ended YeLir ended ye￿?r eniled 31 Mar 2024 31 Mar 2024 31 Mar 2024 Ye￿Trr en(led Year 31 Mar 2024 3A Mar 20 Raising funds (:haritable 1lCliVjties A7.436 7.1,-172 A60 1g.Ilc)3 A,559 )2,r)3(1 2(n.21ix Total expenditur Cjrants t(} .Starr other ilirect Indirect i()sts Toltsl cot*t.4 LUSts YL>ar i'tti(li'il VL.￿ ended Yi'dr i't)(IL.d 31 Mar 2()1.3 31 MAf 2()23 31 M(Ir 2()23 yL￿ar i?ttl(IL.d Yeiir eitded 31 Mar 2()13 .81 Mftr 3f)3.8 Raisinx f￿ldS C.hAritable a¢tsvities .4,M64 420 i.a77C) Toiul expenditwe Grantsto partnersare all amounts paid to Cllll)S 515ter project in Ghana in boili ihe curreiii ajid prior year. This yroject work5 to empowcr communitlC5 in an arcci of Northcrn Ghana to Tnakc a 5UStainable PCclCC Out of cl prcvioiis violcnt conflict bctwccll two trihes. No aTnounts were outstandin¥ at the end of ihe pei'iod12023- &NILI. Indirert cost5, including ¥overnance c05t& which cannot he directlv aiiribuied io aciiviiies, are allocaied between activiiies proportionatc to the dircct costs incurrcd in those artivities A hrcakdoiyn of cxpcnditurc on rai5in¥ fiinds bctwccn rc5tricted and iinrc5tricted funds can bc found in notc X DurinMF the yeai. the cosi allocaiion model was reviewed. and a proportion ol stalf c05t5 has now becn allocatcd io rai5in¥ lunds. which had prcviou51y not been donc. 'I'hi5 allow5 the accounis to niore accurately reflect the faci that iliere is an elejnent of siaff titiie ihai is syejit raisit]iF funds. li also demonstrate5 th£ locus thcre has bccn on siistainabli. growin¥ incornc which rcflcct5 Ill thc lact that incoinc hcls increa5cd by k% in the ciirrent year. A brcakdown OF charitable expcnditure between rc5trirted and unrestricied funds Can be found in note 6. An analy515 of Staff c05t5 can be found in note 7. Indireci cosis ijiclude& Tnlal Tolol Fund5 Fund5 Year e.nded Year elided 31 Mar 2024 3J Mar2023 Other.￿tl?ff costs Preinise Administrfltion Professional services Governance 8.5J 7,09.1 2,?04 841 4,29r 2.330 2.211 2,7OJ

Governance c05t5 includes.. Total Totol Fuilds Furtds Year ended Year ended 31 Mar 2024 31 Mor2023 Independent examination Insurance 4386 825 ,800 901 2J701 5..Exp£ndil.uK£.oniai5.iug.fund5. Unrestricted Fwids Year et)(led Mnr 2024 Restricted Tolal Funds 'unds Year ottided Year ended 31 Mar 2024 31 Mar zoz4 Stafl costs Otlier direct costs li)IlirLI¢I ¢thSI$ 1,984 A60 17,436 A60 Unrestricted Fwids Yoo?r et)(li,d 3i Mr?r 2023 Restricted To(al Funds Funds Year otti(led Yeor eiide(I 31 Mgi r 2023 31 Mor 2023 Other direct costs Indireci costs 3,864 420 420 l)urin¥ the year thc cost allocation model was reviewcd,and a proI)ortion ol stalf c05t5 has now becn allocatcd io rai5in¥ lunds, which had prcviou51y not bcen donc. 'I'hi5 allow5 the accounis to niore accurately reflect the faci that iliere is an element OF stalf time that 15 5tKnt rai5in¥ lund5. It a150 dcrnonstratC5 the locus thcre ha5 been on siistainabli. growin¥ incornc which rcflcct5 Ill thc lact that incoinc has increa5cd by 52% in the curreni year.

-6_.E%p_endiLur£_g_n_r_h&ritA_bl_¢_artiyi_li£s Unresiricted wids Yeoqr ended 31 2024 Restricted Tolal Luid5 "unds Year ended Year ended 31 Miif IiJ24 3i Mar 2024 tv partners Staff costs Otlier direct costs It)dirL'LI cosis 40,337 22293 73372 4ts8(J.3 65630 73.372 59.t4th3 ,33 21J2,262 Unrestricted Fiinds Restricted Tolol Fiinds Ftinrf.s Year ettidLd Yeur eiide(I 31 Mar 2023 3J Mor 2023 31 Mar 2023 Cyrants to partners Si,rff Losis Otlier direct Costs Indirect cos15 4n.In3 4oJo3 67,799 18.204 1.¥,270 17,231 12.000 2500 1370 Total Totftl Trund5 "1411fls Year ended Year elided 31 Mar 2024 3J ,Ilor 2023 (yross salaries Employers NIC Employers ￿nSIOn 115.1211 1,327 64.017 729 3,053 14014 'I'he average headcoiint durin¥ the pcriod was 4 persons Izoz3 3 per50n51. No ctnployee rcccivcd employee benefjts OF more than ),wo12023- NIL). 'I'otal remuneration to key management personnel was 43.Ni5 Izoz3- I36,(x881. 20.

8_.FiXtd￿f￿c_tlny_r￿lpll￿nt￿ I'olal Trund5 31 Mar 2024 31 Mor 2023 Totftl Market value brouglit fonv.vd Adilitioiis ai cosi Proceeds oil dis￿SaI Net &iiii.%l{Iiiss¢s} iii I￿rind Market value carried lonvard 3oJ99 2h26 (&).874 Cash held as part of the investment portfolio Analysis ol rnarkct valiie of investment5 by type- T(Il(Il Fuiid 31 Mar 31 Mur 202.1 CJ&4h held as part nf the inve.4tmen¢ i)()rtf()lii) .D.t.b.to Fuiids 31 Mar Mur 202.3 Accrued inc()me OthL'r (IL.lTrl¢)rs 51978 2.42 6,Z￿ Total Totftl Trund5 Funfls 31 Mar 2024 3J Mur 2023 Accnds IlhlH(: cott)Irol accow)I Pen5Tr0n5 payable 4386 8600 513 21.

Funds Income in Expenditure in L¥ei gainsl Funds Uo.s.se.sl on farri rev£TrliicTrti(Trn fonvard Year ended Year ended 31 Mar 2024 31 Mar 20LI forward year year Year ended Year ended Year ended 31 Mar 2024 31 Mar 2024 31 Mar 2024 Resirieied fundB Brixron Brixton CAommiinity ()rganising ("h8iia Supwin costs Reslricted funds 1,002 1136,1.461 lils.'k)/i) 1242601 1236) io 26.980 24260 11,)53 Unrfs¢rif.¢ed fvnd$ 2s395 47J2 (42,41111 34,296 (11.2 Brixton Ghana 'I'he5C (ire funds re(eivcd 5pccifically For thc Ilrixton projcrt which i5 centrcd on thc reduction ol serioiis youth Yiolence and peacTrtnakin¥ in thc ilrixton arca. IITixton Communily OrgaMi5iMg 'I'he5e werc lund5 received to siipport the work in Ghan& Support costs These were funds reeeived to support specific overhead costs. 'I'hc5e are lunds raised throu¥h a fundraising catnpai¥n 5pccilically lor work a5 part of the Ilrixton projecL Fund5 Jxpenditiire broiight in forward year year Yecir ended Year ended ye￿ryr ertiled 31 Mar 2023 31 Mar 2023 31 Mar 2023 Income in Net gain51 Oossesl on carried revaliiaii(kn [oruJftril Yecir endi.d Yeftr eiidecl 31 Mar2023 31 Mftr2023 Restrictedfuiids Brixton Brixion Community Organising 3,543 4 J07 9,500 17594 112,0411 Iii J501 1,002 10551 M(Jiiiioring trip Restrictedfiiiids Unresiricleilfuiids .3,.500 13,5001 .6.5 21,211 12.1,Jo(Tr 2f // 61io 24 SalaTie5 Monitoring tTiP 'I'hc5e were fund5 received Specifically lor salary contrihiition5. 'I'hc5e were funds received to 5UPPOrt a trip to Ghana in May 2UZL 22.

UnrL'&lricti.d nils 31 Mlir 21)z4 Restricted Luxds 31 MAr ii)Lli 31 Mar Tolal CAiwrent asset5 CurrL'iii liJbililes ,()73 26,980 13.7771 {3.Tr> fbi,2 Unresirieted Restricted uii(Is 31 Mar 2023 3J Mor 2023 31 Mar 2023 -￿ed assets Currei)t assets 33.p3 Is￿76 l)iirin¥ the year, no trustee received any remiineration {2uz3- &Nill. No tllCTn￿r of the Board of 'l'rustecs received reimbursement ol expense5 related to attendance at trustee meetin¥5 Izoz3- Nil)- During the year there were no related party transactions12023 Nill.