Ch•rfty reg18tratioTr number 1178891 SARAH'S TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Caladine Chortered Certified Accountants
SARAH'S TRUST LEGAL AND ADMINI8TRATniE INFORMATION Trts Duchess S Fergu80n Dr R Y Kh16 Mr8 D H8Te Chaty nwnb•r 1178691 Prfnclp•l addr•B• 318u¢k1•rsJry Httch Hertfordshlre SG5 1BG Ind•pond•nt •Mmln•r John Caladlne FCCA CTA FCIE Caladlne Llmlted Chanlry Hou88 22 Upperton Road EA$tboume East Su888X 8N21 1BF
SARAH'S TRUST CONTENTS P•g• Tfu8te88' rtport Independént wmlne¢# report 10 Slat•m•nl offinandAI 8thrftl88 Stat•ment of finda1 p¢tIon 12 Not•8 to thg fflnanclal 8t•t•rnntB 13-17
SARAH'S TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MA Y2024 A moBgay from our faund•r Empoworlng people •nd protseilng our planet 18rn d911ghled to present thè 2024 edltlon of our annual report vknl¢h hlghll9hts the ploneering prcts that Sarah, Trust has supported this ar. The impact of our giving13 globol In le, but exceptionalty personal in tts Inlenlbn and delivery. Thi8 ye8r the Ivvstee6 and I havo f&M 8 renow8d comrnttrmnt to ijoing ¥that can lo champfv)n charftiès and Ofganisallon8 th018w $upporlng the m08t vulnerablo Indidual8 and communHl&s around the wortd. and to those who are workkng to gmpllfy the qulel volce of Moth•r Nalure. I feel Strongly Ihat my generatson has 8 resth)nsiblllty to hand a sustainable planet on to our grandchildren. Al around. It ge&rns lo me th81 our pLqnel 1$ trylng to 8pe8k to us. W8 don'tlust need lo Ilst8n.' we need to spo8k up for her and act. In further8rKe of Ihbs aim. l atteThJèd York Clnwta Week Ènd co-chalro(l thè Global Cllken Now ¢rence In Melboume. I pgruclpaled In vital Interganeralonal conver88ll¢ns th youn9 leaders frorn 8cros8 the Asia-Pad teglon who are dolng fronlllne, gr888roo18 work to addro88 the dlmate cri818, the hunger crtsls, the education of glr18, and Is8Ue8 perpelu8llng cyd•$ of extreme p)v8rty. l aim 1¢ serv? 08 a brkjge betsveen gtrnernlon$ io we can arat0 our collectlve actKn$ toward 0 8U8talnable futur¢. Young people have had enough and want change. My 98n8Tgtlon has falknd them thu$ far, trNJt we can dwng• that, and my IKJpe i¥ t1 Sarah's Tw$1 can play a 8mall part in drlvlng that change. In AprA, I vlslttd SAmoa %there I had Ihe of meetlng wtth INty hwrgtlonal IndlvhJuaL8 end gra88rc organ189llon8 Involved In wasle ryevenuon and youth davelopm&nt prole¢ts. Collectivety they are finding 8olution8 10 flght climate change and xodal Injustice in Ihelr communill&$. It was truty humbllng lo vAtn888 Ihelr re8111gnce and entrepreneurkql splrft In the face of huge ¢h811gng&s. You can road moro about the brilliant work eArded out by Ihe 188m at Brown Girl Woke and Realize Impact later kn thls report. I w88 80 struc by thelr 'c4n do, approath lo oddr•8ng the 818ftd anvlronmenlal Problèms on Ih? Island, and I wa8 d•¥ghlod lo be able lo fdbw through wllh rry prom188 lo help fund thelr work through tho trust. A8 well as awardlng fingnclal grants through th• Iw8t. l om ccfffflNted lo dolng wh91 l ean to ra18e awarene$s of 188ue8 that gre dose lo ry he8rt. A$ has been well documonled, I havg faced my own battle wlh brègst eancer and $kln cancer over the past 8Sghleen months. Sln¢tr thon, I havg endeavoured lo my èxpertence aB 8 platlom) lo encour89• womon to m8ke thelr body a prlorty, and to Seèk help as soon as ihey feel that 6omelhin9 Is not right. 11 W88 o pl8asure to be guest SP8aker 8t the Forelgn Si8ter8 lunch for canr Research UK kn May, and to118ten to Iho 1ncradlle women who rals• fund8 to a¢fvance plon•8rlng Kagnlfk rt808rth Into 8e&%frng cures lor many types of cancer. I Ilmily belbve Ihat whon women come loJelher • collgclfva Intents)n, maglc hgpp8n8. Th18 h&ned for n and 200 woman from around the wortd at the Women Ch8nglng thg Worfd Awards In London thls year. I waB d¢llghted to host Ihe •venl wlth nry dear frfend Dr TereTai Tront, whose strong bel that edUCatn Is the p8thw8y cwjt of povety h88 translated into her org8nl8allon supportlng 6,rK)0 81udents lo attènd tr1Ve 8¢hoo18 In ZlnknbMTr. Atruty oulstandlng achievement. The awa$ 081 to c81obrate Incredlble wom8n Ilke Dr Tereral Trent who are maklng a p08rf1ve dLY•r•nee In the wortd o¢ros$ a range of Indu8trK•¥ IndudSng business. 8uslalnAbllty. 18adership, h&8lth, education, product dèvelopment, knnov811on. 8nd technology. The event connectgd dlverse fernale le8dtrrs who were all united by thèir passion and ¢omNwbnfrnt to making th8ng• for good. Thi5 passion èxténds Into the work of Sarah's Trust. and thlB yaar we hove shown OUT 8upf4)rt for Inmallves such as The M8rylab)ne PTdect and Yemen R¥lf, both of which are undertaklng hugety iuyortanl work lo protect the rfghts of, and Improve career opportunltle8 for, women In thelr respedwe counlrieg. Finally. I wouhl lik• to extend heartfèlt gr8lMude to my fellow trustees and to the generous donors who have supported the wort of Sarah's Trust gr tho past year. Togelher we made 8n indelie impact on the IlveB of individuals gnd commvnrti•$ around the worfd. I close Ihls year wth gralitude and love for the people and projects that Sarah's Twsl h9$ had the horrf)ur of sUPPQrtln9 and look ahead r•n•%%*d passion and enargy for whot we can a¢hieve In fiJIu. Yours faithlully The Duche8$ ofyork Foundèr of Sarah'5 Trust
SARAH'S TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MAY2024 The truBts88 prg8ent tslr anal report and flnandal stat8m•nt£ for the year •ndad 31 May 2024. Th• fln8ncial 8talements have been prepargd In aCcrd8n¢t wbth tho accoUntg poliae8 set out In Th3te 1 to the financAal statements and comply wilh the Tru81'8 ¢onslliutlon, the Ch8fTtles Act 2011 8nd'Aceounting and Reportlng by cha88.. Statement of Reujfnmended PracOc¢ 8ppllcabte to carltle6 preparfng th81r account8 in 8ctordAnce wfth th• Financial ReporbNJ Stsndard 8pplThb18 In the UK and Republlc of IreLqnd IFRS 1021" leffecfve l January 20191. ObJoetlv•g and actlvlU•• Sarah'8 TIu8t has three prlmary obl8dves.' 11 To Introdu¢6 phllanthroplsts lo cauBe8 that neod fvndkng •nd ¥pOrt to crea1• imp•¢l(ul and suslalnable ch&ngt. 11 do thls by.. a. Identlfying Od1¢ ¢enlred and dence ba88d NGO8 b. Developlng and managlng In-¢ounlry programmes ¢. Awardlng grant8 d. Supportlng the most Imp8ctlul'80ckg1 enlerpwO30' InnovaUon$ ill 8ulld capablllty.- To provlde 'gift In klnd, expert158 from our worfd4088 team of 8xptrrt8. Th18 team provldeB leader8hl), mentorlng gnd d8dlcat8d staff lo bulld cap8blllty gnd to share 6k1118 and best prackn. They help to bullil co81 effect9 Infrg8tructureB to help e8tsbll8h fju¢Ce$sft 80dal enterpi188, 1111 cteata aworéness: To tyulld 8wgrenesB and publlclse c8mp8lgn8 through our n&ts¥th of Ihought leader8 and bu8ln888 leadern, to hlghllght186u86 that neeij to b8 brought to the fornfront of the publlc's attention. Publk b•n•fit Th• IN8109s have p8ld due regard 10 guldara on publlc borfil IMu•d by tho Charfty Conmlulon In d8ohlln9 wh•t odlvllig$ the Trust 8hould undert8k8. A¢hlo¥•m•nts •nd p•rlornMnc• For the pa81 five years SarAh's Trust has b8en on • mI10n to create Impa¢AfvI and 8UStalnoble change forforgottgn woffn, chlldren, cornrnuni1108 ¥ntJ envlronThnt8 around the world. Sinc8 tts Igunch, Sarah's Trust h9$ supported ov&r 50 organiBalkJns in over 25 counlrfes and improved the li$ of thousands ol peoplè. Thè tru8t acts As a bridge betsfftn Indivldu818 who ¥Sh to gfve philanthrop8lly bui do not have the Ilme or oxpertise to eslabli8h and run thoir own grant moklng foundotlon$. acl on their behair to en8ure that fundlrtrJ gets to th& people gnd place8 vth•re needed the M1. In¥pirad and led by The Duct&8s of York, the trustee6 seek out 8thon centred chaTltb6 and organls8tlons Ihat are strfvkng to address 8om& of sodety's most pressing problems. The Irusl is particularw mMItted to those working al gra88Toots levol, on the ground alonoslde th0 kn need ol help. We look for prolacts where wo can add valug. and th81 can bg 8c8led up to make 8 fijndamontsl and sustsinable drfferen¢8 to the maximum numbÈr of people. Thts tru81 undèrt8ko8 due dlllgence chocks on b&noffidad&B and monitors the progress of the project8 that we fvnd. We 8ppr8d8te that some thing8 don't aws go to plan, and we adopt an 5ndividual and person818pproach to our glvlng, working In p8rtner8hlp wlth grant reclpienls to gngble them to carry out Iheir vnrk as efficydnty and effeclivety 8$ po8glble. A5 well as chairing th• boord at Sarah's Trust. The Du¢he8s of York continuès In her rof8 as global arnbass8dor ¥nd patron lo mUPIe organisatlons acro8s Ihè globe. In October the V Found*ion hOrured the Duthw's work by laun¢hing th8 Sarah Fergu8on V Scholar Grant for Breast Gancer to advance ground-breaking medlcal research Inkn the disease. L8t8r In the year The Duchess of York wgs humbled to receive lh8 Red Cross Inlemational Award for her (x)ntributlon to hum8nitaii8n work, during her acceptance speech she paid 3peci81 attanon to ralslng 8warene6s of vioknce against women.
SARAH'S TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y2024 Th18 annual feport hlghllohl8 som of the charities and or9anlsa1nS that raceNed support from S8rah's Twst In th• past financial yoar. The trustees have Bought to strike a balance bets¥aen fundkng chairtles that are dellvering urgent hum8nltarf8n aid In cri818 affected waas Such as MoTOC¢O, Myanmar and Yemèn, and those that are worklng tirelessly to address ongoing socLql and environmental188ue$ sh 88 homeles8$$. plgsdc polluOn, and access to •duc4tion. M•dlcal MIMSon Sl•ter• Thls year Ihe trust has offered mu¢h needed lund8 to the Medi¢al Mlsslon SislerB in V•n•zuela, to expand their work th vulnerable and marginallsed children Iwing in tho $h8nty tovm8 in Barqulglmato. The grant has en8bled 8d8PtatKsns lo Iholr Laudos. studlo, and new muskal in8truments h8v& b•6n purchased lo gfve chlldren th opportunty lo leam lo play the keyboard. gurtar, and p8rcus8ion Instruments. The project h88 kn¢reased118 OUtre8¢h frorn supwrting 45 to 120 Chlldren gnd they art enloylng th8 experienc8 of Showlng off their tAl•nt$ In regular p8rfomMnc88 vAlhln thelr communlti8&. Thè ¢hgrty a180 run8 radlo programm88 brlnging mèssag9$ of hope. lrfe and p•ace to li81enern au088 Venezuela. Thg radlo broadca3ts h8v• gen opportunlti&$ lor $elecaed thildren to grow In 8eW•confftlence and bellef and lo f¢•1 ¢mpowere(l. One Ghlld chose to tell the Insplrfng story of Malala, 8nd anolher shared her r•88arch on Moth•rTere80 of Calcutta wh08e Ilf8'3 wor h88 moknvated hey to 8pre8d hop6 around thè wortd. Fund8 havo also hew the 818t•fS and volunteer8 to •xt¢nd much needed outreath to famlll88 Imnq In In tho PJOW81 areaB ol tho dty wh•r• povety and hunger18 rlffr. 'W8 are most gr8t&ful to S8r8h'$ frn81 for glvlng ¢hildM In Von•zu814 th8 opportunity to take part In wbranl music 9mUPS 8nd offer them o safe h&ven aw8y fny?) the violence 8nd dmg8 on the str881s. Th8nks to the grant fmm S8r8hs Tm81, our is fn)m strength to strength. Wg would like ft) &xpr&$s our heartfelt Ih8nks to Th Duchess of YO and the trust•88 for the Gommliment they have shown lo our mlsslon.. S18ter Malgualkla and th Siety. R•illz• Impact When The Duchess of York b•¢arr£ a gr8ndmother, w•$ taken aback by Ihg 8heer volume of napple8 belng d gnd dlsp088d of. She was curious lo learn mre and qulckly dls¢ov8red that nappk88 arn on6 of the Lqrge81 ttfrms contribullng to th• pla8tlcwa8te crf81s W>alty. Sarah's Trust 18 suppo9 an knnovadve pla8C fre8 8olullon. Thts Gregter Good Dlap•r Pml8Ct, whlch 13 belng Irl8lled In the South Pacmc. Tholr misgbn Is to end plastic nappy waste gbbalty through the developm8nt of comy)$18blfj nappy &Kemalfve$ ond loglstiCS 3y3tem8 to •n811re 811 napplo8 can b8 collectsd and comp08tsd. Starllng in Ihg South PacrfK l¥land nation of Samoa, The Grè8ter Good Diaper Project Ss lotIng the world's fir8l lty compostable nappy, ¢ory)lole wth colleclk)n 8nd composung 5ervi¢e. Wllh napp18s occounting for over 30% 01 household waste in SarNJa, thls solution not onty has lh8 potentkgl lo ellmln8te over 35,OC(J.000 plastlc napp1•6 trom the waste 8tro•m, bth tt wlll al80 ueate nutrl8nt rich 8011, replenishlng the earth. Thp Greater Good Diaper Project cLJllaboral88 ¢Jire¢ty wlth Mothe 81 Community level, tts I118¢ solullon$. From how napplps ar8 dellvered, colle¢t&d and composted, to cre8ling employment dèslgned lo brlng mother8 Into the workft)r¢&. every aspecl of th8 project hoB baèn d881gnod through the femala lens. Together with Ihg Minlstryds in Samoa, the lo121 team and pilot wllages are developlng a blueprint for 8yslem6 chang8 that in be Tolled out 8cro88 the region. Sornh's Tru51 ha8 enabled the team lo empw local Btaff to ¢04108lgn and operatè lh& dellverlcolledjcomposl mcJel, atyj the trustees are keen Io 890 $uch pkneering vrk replicated in other ¢ountrles around the worfd.
SARAH'S TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 lJlaml¢ Rellef On 8th September 2023. a devastallNJ 99rthquake th a mgnbtude of 8.8 stnKk the High Allas rnglon in Morocco. The earthquake dalmed the lives of over 3,CW peopl$ In tha proVCeS and munldpalltN?s of akHaouz, Marrakesh. Ouarzazale, AzlLal, Chithaoua and Taroudant and impacted a total of 380.000 people acro58 Ihe ioglon. The épOc8ntre was In the Hlgh Alla8 Mounl8ln8 9nd wa6 fvlt as tsr away asAlg8rla and Pothgal. The earthquake CAused exten8fve damage, Injurfng over S,7W p8oplo 8nd dlspL4ctng thousands of families, as enllro vlllag¥s were fiattened. Mud) of thè devastatlon cau88d by the gbrthquake impacted r8ftM)te vlllages wllhovt the necessary Infr8slru¢ture for full-scale fescue and rellef efforts. Thousands of r8skl8nts were forced to use whatev8r equlpm•nt they had In a desperatè bld lo roach those trapped undar the rubble, a8 damaged roads ocked ambulances and h8mper8d rellefefforts. 500,000 pPIt aro now exlenn9 Intsmal d10p1arn8n1 as a r88uII of th& 8grthquake and Ilve In f•8r of furlher d&vastation 08 landslldes remln a threat In the wake of th• dlsgsler. Slnce the onBel of tha d1888ter. 18larnlc R$ll•l has p8rtnered wfth loe41 humani18rlan org8n18allon$ lo dg1fv8r Immedlats rellgf and ongolng ahj to thos8 affecled. Their te8m on the ground have dlslrtbut8d m8ttresso8. blankets. food par¢g18, hygiene kits, and t•nwor8ry 8heAor8 to suthors Ilving In the remte mountainous area8. 'Th8nk$ to support ol don8tlons, such as that from th8 tnsst. we hov8 b8en able to reach 44000 people 8¢10S8 100 vlllages with vlt81, iifg-$8ving 81d. We aro extr8mely touched and inspiTrd by thg in¢rgth"bl8 woth of Sar8h s TTUSI whlch hew por)plg ffl wgrydifficultclrcumst4n¢86.'Tuf811 Hu888ln, Dlrector, Id8mlc R•U8f UK, Fl•rc• Calm Flerco Calm was sèt up by Dr L8• Watson wilh the ahn of m8klna the heallng polontlgl of yoga acceB8lble lo 811. Le• and hi8 team deler and fvnd free yoga da88&& In $herterB and communlty 6pa¢oB for refugeeB, survivors of tS)mestl¢ vlolence and 8uNlvorn of ¢onfll¢t oround the wortd. Sorah'6 Tru¥l ha8 8UPPQrted Fierce Calm to Prod8 tr8uma therapy & psytho-socS8l and emotion81 8UPPOrt to Ukralnl8n amputees and ho8Mhe4r• 8tsff 8t rehab11ft811on hosplt810 In Lvfv. grant ha8 8180 8UPPOrted tho dgllvery of Ihelr plon•ering traumb therapy progrAmme In partnership 1h thg Alllance for Publk H•81th at 'Habllllalion' in L¥. Tho centTe house8 8n Bsslstedladaptfve Ilvlng facllty where perm8nènlty Inju dvlllan and voleran patlants lèam thè 8klll$ that they need to regain their Indèpendence. To dal&. tho logm has provKled regular 88S8lons to ovèr 150 pg11&nt8 at Ukrninian reh8bll((Atlon ho81$. and thelr •ffort$ conllnue a8 tho war pro9888 On. ThelrvAJrt has been Comnded by Oksan8 Golovko, Head of PsYd9Y 8t Habllttalknn,. 8t l obsery& in p8118nts who aftendadatleast M clASS88 Is Ihat&p nom81izg& Snpt0fflS decr9. the inten$ity of ph8ntom pains decTr8$6 (And in some G88es ttJ8y d1$8PP88r altogethw). Ih8lr morx Improv 8nd a sens8 of tmst end $8wrltyls mslored., The grant has also enablèd the te8m to offor o freè onllnè yoga programme three lime$ a ek to 811 Ukrainlans displ8c8d by the war. Th1$ programm8 ha5 been attend•d by 600 diffenI Indi¥idu819 over the past year, and the Frce Calm 8ludlo In Lvlv gjnllnues to welcome women and chIldr for yog8 $98slon$ ev8ry week. St Matth•W• Church Sarah'8 Trust has supported the Sl Matlhevl8 Chsjrch in Bumley for many year8, and this year lunds were gNen to enabl6 chlldren from low-income farnllles to take a trip to tho theatre. In the lead up to Christmas, the thlldren 8n(J their fami1s w8r8 taken by bus lo Seè B88uty and the Beast. Many of lh8 chlldr8n had nevér bèen to the theatre and thi8 axperlence was Incr8dibly spedal to them. Later in thg year. The Ouche58 of York personalty visited Ihe thurch and had the honour of meeth'ng the famil¢es and chlk1ren who havt bènofitled frcth the support ¢)fferei1 by the
SARAH'S TRUST TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 MA Y2024 Having Trb DLeSS ol Yoflr vlsit peopl8 of 8uml&y was suGh 8 joy and SpIratson Io us 8118t st M8ttlJs chu. It was d8eplymoving and wondwfvl to see The Duchess me&lJ'ng the p8opl8 Ih8t S8rah's Tmsthas directly supported. Through their continued support th8 Iwst is making a bw drfferer)c8 lo our local community, partiGul8rty •t a Ilme ofgre81 difficulty 8nd Ghallenge. Fmm us all at St M8tthews, your support m&8ns tho wortd lo vs, wè èrn immensely gral8fv18ndproud. Sar8h, 8nd8llyourÈeam are bnlliantl Frhjex FrosL Vbcar. St Matthews Church. Th• Maryl•bon• Projeet Thls year we are proud to 8UPPOrt th& Incredible work carrfed by the dedlcatad team al th• Marylebone Project In London. The charfty tun5 London's only women'swonty drop4n homel8ssn08s servlce that Is open 24n. 365 days year. Thelr SAnctuary18 8 gale naven for any womon In cri818, h&lplng them lo take th& firsl slep towards healing from IheSr trauma. Many of the wornen u8ing the serv1 are fl¢eing dome8llc 01nCe or sexual abuse and, as well 85 beds, they Ofe offered a 391 place to talk, to have a hot shower 8ThJ a m881, and th8 support lo nsIdr how they movg on with thelr Ilve$. Chartty tru8tee. M8rJorfe Leonldas. Introduced Sof8h'8 Trust to tho prol8ci and Is passlonate about Ihe work that they do., 'evgry wofftan livlng in Iho proi6cl h8$ herown bedroom, 8nd & shared lounge, kiIch. 8nd b&lhR)om. We pride oursalves on offertng safe, highu911ty, dean acc(Trmod8llon that women c8n use 8s a baso to rgbuild I11r lfves. The funding fnyn S8r&h's fnjsl will support the running olthese fa¢iliUgS.' The DUC$ of YO 6aid 'A8 a moth•r and grandnh)ther I leel pa881ono1oty about empow•rtng women and glrt8 to make po$rtlve change, lo help them to re8ch thalr full potsntlal, #nd lo prolecl them from harm. Th8 Mgrylebone Projecl do88 oxady that, and we are thriwed lo bfr able to 8UPPOrt tham to keep up th• brIllnI work that they do., Brown Glrf Wok• Brown GM Woke Is on a ml¥sion to transform young mind5 and provkl¥ the new gen8CAtlon In Samo8 wlth the resour¢e$ they need to b•come confident and Indgpendent though146aders. The charity 6UPPOrt8 g1rt$ behyeen the ag88 of 12 and 18 y¢ar8 old who afe livlng in Iowwlncom& f8mllles In rural vlli8g•s on the 1818nd. Thelr ahn Is lo bridge thtr ggp b8hveen glrts that have acceB8 to opportunlUe6 to reach thelr full potentiAI. and thoee Ih8t 8rg held back by flngnckgl con8tralnts. Tho glrt8 are $ups)orted by mentors who a8Bl81 th•m vAth applylng for college pla8 and lob8, as w81186 h8lp5ng Ihem lo set up their own prolg¢ts. The glfl$ 18klng part In the programme recèive over 100 hours ol moniorship, Improvlng their academlc 8thl¢vernnt. selfwconfiden(. publlc speaking ¥nd16odershlp 8k11. Durfng her tdp lo Samoo th1$ year. The Du¢h8s8 of York had th• p1088ure of Spendlng the day vlth Somg of team at Brown Glrl W)ke. She was Impressed by the IpaCt that Ilw young l••aer8 [• hart9 in th8 South Pacifflc, and ty thelr tenadous aliltude lo brfnging about change for good. 'Th• fundlng from S8r8h's Trust has gthved us lo opèn the youth o)mmunrty ¢entro In Samoa. Slnc8 openlng in April, we havg pmvided 8 1Trg space for fvè new youth groups. fn)m hip hop d8ncing and music wriling wofftshops to young engin88r ¢lub& The c8nlrn also giv8S yOUn9 pgople a6ress lo Irge internet and they r8GeN6 gtJid8nGe Irom 8n)wn Girl Woke youry 188ders.' Ooris Tulffau. Founder of Brown Glrf Woke. Hum•nlt•rfan Ald Rdhf TruBt Sarah'8 Trust 6UPPOrts (¥u$os And countrie¥ that don't always moke the headlin&s. Th8 tnJ8t8e$ w9re deepty con(xm•d by the esc81atlng confllct in My8nmaf, and in p8rticut8r the Incfea¥ing hami to civilian¥, v&thlch is worganing and dgvaslatlng human rights and humanitarian ulsls across the Ix)unty. Sln¢e tho February 2021 coup d'état, there conllnues lo ¢r8dible reports of vlolaUon8 and abuses eommitlgd against the CA*illan populatlon, indudlng alrslrikes on homas. sthools, placas of woTrhip and hospitals, 88 well as sexual and g¢nd6r-based ViolCe against wom&n and children. As the connict ¢onlnues to escabts, communSUes across Myanmar arè bolng subjectèd lo further dlsplacernenl. There are 91thng water and food shortages in the o)unty and daspread deni81 of asS lo health ¢•r•, medrAne8, 8nd 1 humanit8rl8n SeNI.
SARAH'S TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 HUman8n Aid Rellof Tru8t (HART> Is a UK registered charty that work# wlth local partnerg In Wanmaf to provide lrfe-$8ving assistce to farn4le8 displaced by nflict. One of these partners Is Health and Hopè who provi¢J& humanliarian akl, fjducatlonal scholarships and medical core to rete and dlsplaced communrtles in Myanmar. Sam Mason, HART CEO, telts us. Myanmars humanitarian lS¢S has r88¢hed new lev81s of urgoncy. Mots And mor& people Bre forced to b4v8 Ihglrhomes, often fl88ing lo remote juftgl8s ¥wth no a$$ to b8sK s&rylces. Their suffertng does nothit th8 ld'nes. Th support Imm Sarah s Tnjsl l&ts them know thgy IiotfoW8n.' TIKVA kva'8 core mlsslon Is to c8ro for the hornel•8s, 8ndOned and 8bu8ed Jh chlldren of Ukralne and nelghbourlng regions of the fomw Sovl81 Unlon. Thkvo provld85 a wami, compas8ionata home. e8sen¢i81 soclal 8ervIS and a qualty uCa0n 8¢ross Ukfakne, Bel8ru8 ond Moldova. Thè fikva programme$ fonge from p$ychologi¢)I seMce8 ond cuttur81 ActNlti88 lo vocalong18nd enrfchment pro9rammes th81 offer chlldren 8 w811- rounded oducalion and the gre8t•8t chance of a b•tter Ih. Mo$1 of the chlldren alr wlth medScJl. psychologlcal, delopMental and 80¢181 dfficulb'es due to Ihelf traumauc garly experf8n¢¢$. TIINO Strives to ensure that ea¢h chlld's needs aro m81 so that they can devekjp into self- sufficl&nt adutts who are abla to make valu8bl• contrlbulon6 10 8¢xl&ty. Many childr•n are cared lor by Tlkva 88 newb¢vn8 and Slay unlll th8y are 16 ye8rs of age, emotionally and acad8Mllty ready to begin Ilfe In 16r8el, or ntlnv8 their 8ludl&8 At Tlkva'8 untvor8ty programrnè In OdSa. The Duthe$s of York pald a per$ong1 ¥A811 lo nkva In Romanla and was burn8d to m8el Ihe LlhlTen véfiose lfves havg bgen Iran8fom)ed by tho charity. In her own wordB "You fe•1 the Ukralnlan hope and courage th&rfj. you feel home and a Sense ofyou are not 8lon8.' 'Sarnh s Trust has en8bl8d u$ to purGh886 blke4 clothes, and olh&r If8ms Ihot wlll support tho h&8llh 8ftd w1bng of th6 familles Ih8t h8vg be6n forc8d to la8 their h(Nnes and po&session$ b&hind. are so grateful lo The Duchess of YoA(8nd the fftJst88s for bgli8wr@ fhe Myl( Ihal w8 do., Karen Boden6teln, CEO mkva. Hum•nlts• Charlty Th• Duch88s of Yort hq8 been a loy818UPPOrt•r of Humanlt88 over many y•ar8 ond thls yoar tha IN81 hai supported th6 of chlldr•n 41 the Humanitas sthools In the vllpage olAyenBuako, Gh8n9. Ayensu8ko18 8n18daled lamlng communlty, whth Is 8 three-hour from the ne8r*st clty, rnS1è8 from the mjin road and recelves no ald o( support from NGO'S. A majority of the vlllagers ar• subslstence f8mier8 and live well t4low the poverty Iln•. The cornmvnlty fo8 o rx¢n81ant $truggle for 8uNival and. wilhoul 905S lo an educallon and fulure 8mployment, lh& chlldren's option8 are rJ)nfined lo tho8& of theii paT¢nl¥- farming on 8rld Ignd thal16 under th• relenlths thr•at of droughL The Humanltgs primary 8nd 88condary 8¢hool8 Central hub for tho local communlty and Ihe ch8rty 18 now lea¢hlng 270 puplls who Oth8188 would not be In education. Worklng In partnershlp wllh BookAia Inlematkjnal th• school library slo¢ks over 4,rx)O books. and last yè8r the Gharity suecfj$8fully openeil Ihe 8¢hool's first IT room. sewlng $kllls room and an all-wealher sport$ pft¢h - a huge d$v4opmenl for a ¢ommunty that prevlctusly had no 8¢¢06$ to computers, B8wlng machlne8 or sports fadlltle8. The leach•r8 are excellent rol• models, parlfjojlaity lor the glrts who have had no pre0u8 conlad vhth •ducaled wom&n. For Ihe first Ilmè In their Ilve8, the glrts are being ?xposod to the possiblllty Ihat Ihey loo UkI be¢ome ts4chers or profvsslonals. 30mpthing that they would not b8ve considered before they atteftd h0O1. The ¢h8rfty Is constanlty W01ng wth the ttjmmunty to en8ure that they lake mganlngfvl 8tep$ lo rgthJc8 the imp8Ct on the h)c81 envlronmenl and to work lowards 89lf-8uffidency. They havè installed 8 water well so that the commvnlty has access to dean water. and tho school staff and puplls halp to grow malze and ¢X>m in tho school grounds which 1$ harvested and ¢ooked In the school kllchen. L8$t year the ch8rity instala $olai pane18 on the roof of the seu>nd8ry school, re¢lucing Iheir impact on th¢ local enVIronnt and cuttlng costs. Humgnmas UK Director, Joanne Vveame. sald 'lt is ditficult lo convey in words tho huge impact Ihot our schools have on IhFs small community. They offer Childrt ling In Pty th& opportunily lo change the Ir8jÈclory of thelr lives through gaining qtsaiifications 8nd voc8tional skills. rhè positive impa¢t will be felt the commurjity for generaliorjs to come. We a incrndiblygr8teful lo The Duches8 of Yorf¢ and Sarah $ Tmsl for theirgenerosity.,
SARAH'S TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Halr¢ut•4Hom9l1 This year th8 IN8t ha8 th08en lo support the work of HaIrcutHomela88 wlth a grant lo en#blè th•m to buy hair products and h8iTdrÈislng equipment. Haircuts4HoTh1885 W88 set up by veteran h8irdre8ger Stewart Roberts MBE. Inspirtrd by fv actlons of halrdres8ern In v8rt)us part$ of the worfd cutln9 hair for th8 homeless, Stewart e•1 out to bulkl a communty of skillèd haifdresser volunteer8 who glve Ihelr free of charge lo offer h91rlS for omeleB8 people In tho UK. The charty now ha8 nearty 70 projects across the UK and Ireland with 600 voluntser8 hav• gIn more than 40,000 hJtytsJt8. The Halr¢uts4Homeless team works in parln•rshlp wilh women's relugo8 and honless charitS offertng men and women a h8ircut and a cA8nc to talk freety wnhoul ludgemonl. Cllonls have 68ld that rec&Svlng a halrcth rnake8 them feel Ilke they ar¥ b8lng cared for, and it offers somè semblance of normalty. For those that have impendlng job inté0W$, the visits by the Ha1rculs4Homelo volunteers give them a much-needed booBt to thelr confidenc8. 'Yo18g8in l am so gralelul to S8rnhs Tmst for their unwav8ring support. 11 is h8rd to exp88 In words what It m88ns to be able to off&r8 hat lo p8opl8 that arn hoffleless. is something veryperson814boul ¢tslting someona s hair tlJ81 can b9 onjoy&bl& and Iher4y>8ullc, whlej) an experience that many homelgss poopl8 don t g8t.' Slewgrt Roberts MBE, Foundor of H8cul84Homele88 l•raAID Founded In 2001 as a coalltlon of 13r8ell org•nl$gllon8 worklng In dl8a8ter rell8f 8nd Intem8tbnal developm•nl, I$1D h88 grown Into th& large$l humanltaflan 8id tsrganl8alk)n In Isro81. Their m185lon Is to support people ahcted by humonlt8dan crisis and they partner wlth loc81 ¢ommunltte8 &round tho Id to provlde urgent aid. as8¢81 In ¢0¥ary. and reduce the vlsk of futurg dl$a$ter8. From •arthquakes and hurrfcAn•8 lo epldemlc8 and forcgd dl8p18¢8ment, 18raAID ha¥ 8t the forefronl of r88pondlng to major humanR8rr8n ui8es worKIMd¥. They ho worked In than eo countrfe8 and al any on• lim& ground 31KJ 818ff rmbrg workMda. Wth 6UPPOrt from Sarah'8 Tw8t, IsraAID offer8 rrn181 he8lth 4nd psychosodal Support lo crfsls-affecged cornmunttle6 In l$r881. Thelr trxptsrt8 gvlde indNidu818 and familtes to pro¢&s8 the effotlonol challenge8 01 grfèf, Iraumo. gnd di3placem8nl Ihrough artg and craft8, SPOrt8, and 98m8. Tho8e approaches allow chIldn lo'lust be klds, and proc6 through play, while parents caca9lv8r6 can drop their brovela¢e$ and access Some re8pll&. Th¢lr expert8 have e8labli8h•d p8r•nt and chlld 8paces. caregivers. guldonee comer6, and thtrr8P•Utk art $ludlo8 In tamporary 0vacUaon ntro8 and the In1 18 delighl&d to bg 8bl8 to lend it8 8UPPOrt to th1• Important worfK. Road lor Good 'Re8dlng feeds imag1n81n, br08d&n$ perspecives and opens mlnds lo cJJtture3 and countrb8 that children can &xplore and appred8ts from afar. are thwllled to bo abb lo 8UPPOrt the wondèrful work that Read for Good 18 doSng to brlng gdventure, ffly8lery and humouf to Ihg b8d8hJes of 8eriou8ty11 ¢hlldr8n.' The Ouche8s of York. A8 8 ebrAted chlldren's author, The Duch088 of Yort bellevets p8$StonAtely that our soci?ty 18 ?nrich8d ¥then ¢hlldren have the Ilme, $pgc8 and nvjlivaknn lo rg8d. Re8d for Good'6 mls8hin lo Improve the outcomes kjr 811 thlldren in the UK by encouraglng and en8bllng chlldren to deveh)p a love of re8(ng re80nales 8trongly whh Th• Outhess ¥nd the tNslee5. Thalr colourful rTh)bile book¢aso$ oro wh8oled afound thll¢Jren'$ hospttal wordg au08B the UK offerlng slc* children an entIng eholcè of new books to re&J and often kp for 8v8r. The 88rvlce a180 8UPPOrts swl0uY ill thildren'$ dl8rupt8d leamlng and 92% ofchihlren Sgy that the books and slorfes m8k& th•m feel better. 'For childr8n in hospital, books 8nd slories are 8 lifeline - they PmVAdg dlstradion, entertainm8nl, comfort and m8ssuranGe during th8 toughest limes. Re8d for Good pmwd8s brancl new 8nd vislts from InSrtng storyte118rs, rg8ching 81130 oflhe UKS m8j0rchdrnn's hospilals. We 8Tr so grnlelul to Sarahs Twst for hèlping us bring the m8gic ol txjoks ènd slories to chlldren Wh they n&od Ihgm the most.. Barb8r8 VVllll8ms, Head of Fundraising, Rèad for Good.
SARAH'S TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIAY 2024 Y¢m•n R•ll•f Yemen R8llef1s 8 UK based tharity that do1fvgr8 IK8-6gvlng ald to vulntrablo peopl& vjfvj are suffering as a f•suIt of the ongolng confflct in Yemen. nfll, which began in 2015, has destroyed mo81 sectOT8 in Yemen and has caused one of the WOTSI hUnAr10n crises in the world tod8y. 11 Is wldety reported that ovgr 18.2 nlllion people need some forrn of asslstance, and that is exadiy what the team al Yemen Rellef 1$ set up to do. The ch8rfty woths on the groun¢Y to offer lifesavlng heatthc8re, 8cces6 to food and wal¥r and satsty and security for 60m8 of the 1.1 mlllk)n orphaned chlldren who h lost their parent8 to thè conffllcl. Sarah'8 Thwl Is $upportlng an Innova¥8 prol8ca that alm& to emp)w•r Yemenl women arts ellh8r dIvod or wklowed. The project support$ 25 mother8 by Iralnlng thom to becom8 prtsfe881onal $eamstresses. Fundlng granted by Ihts ttU8t has &nabl&d the purtha6e of 25 88wlng machlnes and th• tèyllles and equipment neeiled fof US8 In da88&s. Th& grant 8180 covern the cost ol IrAnsportation to the ¢entre a$ the women aro d8811tule and have no mgan8 to pay. On Su881u1 complellon of Ihe cours&, th• woman wlll be given th& sw•Ang machines so th81 they make and doth. b8gs 8nd hou88hold Itemj lo fmanc4ally 8U8taln them88 and thak chlk1ren. S•nlor Cltlz•n 80¢1•ty The Sonlor Cllzons Sock8ty In Belt JBLg, Palesllne IB a charftabl• Tr)n-govemrnentsl org8nl8Btk)n &stabli8hed In 1986 to meet the medlcal, swal. cultural 8nd recreational need8 of senlor dtken8 In Bett Jala. The 60dety wa6 founded 88 a dlrect result of the chTonlc lack of Sorvlces for the eld8dy In the town. Followlng the Coronavlw8 oulbr•ak, tha 8od8ty wa3 forced to clow many of it8 se¢•8. Includlng Ihelr medlcal C8nlre, and th• group h88 81nc• l&un¢hed 8 fiJndr•l8ing appeal lo rovfve the vNal atIeS proylded by th8 group. Wth fundSng from Saroh's Twst and olhern, tho $ocl8ty plon8 to .open the meiltcal centre and In8t811 th• 18t88t medlcal ulprrffjnI to prode e8senllal c8r8 for the elderly Indudlro flrsl ald and wound trealm8nt. dl8gnoBIic se1¢¥8. post operative consult8tion8. and IVIIM Inlection8. Thg medical cenlrtr will be m9nag8d by a specL4lbsl doctor and nur80 who 11 8180 conduct horno vlslt8 to offer emergency and param8dlc support lo those who are too 8Id( lo travel. The developm6nt of the cntre wlll have 8 hug¥ Impact on the quallty of Ile for tho ohjerty lfving In B•f( Jala. The exlsling ho$ptt818 and medic41 centr88 ar8 over 81retched and havg long wallng 11818 for gv8n tha rrKJBt ba81¢ PVOCodure6 and many eklarfy p8oplo are un8bl& to afford the co81 ol prfvate medical treatment. S8rah's Tru8t bB eased lo be abl• to18nd IIB #UPPOrt to a g•MrntkJn that18 often overtookod gnd under fe80urcod. Looklng •h•d Enold8n8d by the In8pir8tlonAI work undertaken by org8nlsgtlon8 8uch as Gbbal Cltlzen and Brown Glrt Woke, The Duche38 of York has become the loundlng ambassador of a new Youlh Impact Coundl whlch will launch later th$ year. Th8 councll alms to dèllvar gnd bulhj a nthork ¢f Yrth ocllvlsts who connect, co118borate. and 8UPPOrt eath other's ambltlon8. Th• InIallye wlll f08ter inlerg&n¢rollonal dlalogts6 and wlll dellver tangibb oulcomas for youth188dor8, halplng to ampllfy their voices and their abllity lo addrgs¥ $om8 of Ihe worfd's most pres8lng is8ue8. The Iruslaes I11 fdlow the devek)pment of th18 programme vthh Interest and may choo89 lo support soffle of thg yourvj people are proposln9 Innovatlve and sustainable soluuons to eMp0ring vulnerable and rngrginalised people and prolecting our planet. Abng$Kl9 this lh8 twsl wll conlrnu8 to pOnd lo emergend88 and advocate for people Sn c¥isis, as well 88 supportlng Cfedlble and Impaciful organlsaUons who are MmItted lo creating a gk*bal soaety in whith can all flourlsh, and notSusl survNe. Fln•nclal r•vl•w Inccffle for the year 8rrthinted to £148,835 12023: £252.1011 and •xpendlture was £129,2 12023.. £173,191) leadlng to 8 surplus of £19,773 (2023-. wjrplus £78,910). On 31 May 2024 total fijnds 8mountsd to £110.891 12023.. £90.9181. The TnJ8t seek8 to retrin suffidenl fvnd reseTV8S for Ms ongolng ChlIable a¢tivllles.
SARAH'S TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MA Y2024 Structurn. gov•mance and m#nag•m•nt The Trust18 a Charitabb Ints)w8l•d OpJonl8ation, tharlty numbgr 1178891, and was reglared wlth the Chathy Comml8slon on 7 Juno 2016. The Iru8t13 govamed by th8 tru8tee8 who have ulNm•ts ove(sht. Tho tru8tee8 ar• appolnted by a re8olutl¢n of the majorlty of th• existing Irust•tss. The trustees 88rved durthg the year anrJ up to the date ol sbnature of the lknJncig1 stat8m8nlB w8fft.' Duch088 S Fergu60n Dr R Y Khamls Mr¥ D H8r8 trusts. f•POrt WW8 opproved by th• Boord of Trutsta. Oato..
SARAH'S TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SARAH'S TRUST I r&port to th? twstsos on my examinollon of the finanaal 8lalements of Sarah'8 Tnth lthe Tru81) for th& year ended 31 May 2024. R•spon•lblltll•• Ind ba•18 of report A8 th¢ trustees of tho Trust you are respon81bl& fof thg pr8par81ion of tho flnandal 8tstem•nts In afLord8nc wmh the requirerwnls of the Charftles Ad 2011 lihe 2011 Actl. I report In respect of my gXBmlnatk)n of the Trust's Ilnandal ststements ¢arrfed out under 8ectlon 145 of the 2011 Act. In carylng out my examinauon I have folowed all the appllfblo Dlredons gIn by Ihe Chaiity ConYnis8ion under 8ecllon 145{6)Ib) of the 2011 A¢¢. Ind•p•nd•rf •x4mlrt•rf• •t4t•mènt Your 8ttentlon Is ¢knn lo the facl Ihal the ¢hartty h88 prepared ftnand81 statemènlg In 8ccordAnce th Accoumng and Reporting by Charlll88 preparlng thelr acLxsunts in aGrdance Mh the Flnancaal Reportlng Standard appllcable In th& UK and Republlc of Ird8nd IFRS 1021 in pr•f•wn¢8 to the Accounllng and Reporllng by Charbtie&'. Stgtsmènl of Recommended Pr8cU¢• Issued on 1 Awll 2005 whlch 18 rèfèrred to In the exlanl 918on8 but h88 now bn wthdTAVm. l undersiand that thIF ha8 b8en don8 In order fr>r ffinancl81 ststèrnents lo provide a tru• end fair vw h accordgr wllh G0n•raltyAcc•ptedArunun9 pr9Ce effedlva for repor11ng perfod8 baglnnlng on or after 1 Janugry 2015. I havè completed my •x8mlnalion. I conffimi Ihot no maittfs h8v• come to att•nlon In )nnectIon whh the 8xamln8tSon gfvlng MB cau3e lo bell8 that kn any malerfg1 rospect.. ounllng records wer• not kept In re8pe¢t of thg Trust a8 rèqulred by $•ctlon 130 of th• 2011 Act,. or the 1kn8n¢i81 statements do not o¢cord vAth tho88 records.. or the financlal $lB18ment8 do not ¢oryJly wlth the applicable r8qulrements nCoMIng the form and nIant of a¢¢ounts Set out In the Ch8rMe8 {AcUnIS and Reports) Regulallons 2008 other than any r¢qulrnmenl that the acunIS glve 8 tru• and falr vbow whkh18 not a matter nsId•r1d a8 ofan knd•pgnd8nt MInatIon. I have no concem8 and have eA¥ne no other matter8 In connedon ¥th the examlnaljon to attenoon Should t drawn In th18 roport In orderto ¥blO o proper undernlandlng of the ffinan¢ial $1otements tr) bo re8chad. John Cal8 FCCA CTA FCIE Caladlne Llmttod Chantry House 22 Upprton Road E8Stboume Eost Sussex BN21 1 BF Dated.. Ib K. ..k 2aL 10-
SARAH'S TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY2024 Unr•strlct•d Unr••trlcted funds lund8 2024 2023 Not•• Incomo fmm: Donallons and lagades Inve81mBnts 148,8e6 251.888 233 T¢)tsl Ineom• 148.835 252,101 Expondlturn on: Charltabkg athltie8 129,082 173.191 Totrl •xp•ndltur• 129,082 173,191 N•t Incom• and mov•rn•nt In lund• 19,773 78,910 R•con¢lll*tt¢n of lund•: Fund balances at 1 Jun8 2023 90,918 12,008 Fund bthlanc•• •1 31 May 2024 110,691 ).918 Th• 8tatoment tsfllnandoj octlvW•8 Indud•8 81198kn8 ond IoB68B recLJgnl8•d In th• yefjr. AJI IncL¥na and expendknr• del¢ from conllnulng a1•8. 11
SARAH'S TRUST STATEMENT OF FINANCIAL POSITION ASAT31 MAY2024 2024 2023 C88h 81 bank gThJ In hand 111,951 V2,178 Curr•nt ItablMtI 11 (1,2801 {1.2801 N•t curr•nt 110,891 90,918 Th• lund• ol th• Tru•t UnStrtcted fvnd8 110,691 90,918 110,691 90,918 151.0.8.124 The finandal 8tatam8nt8 apprOd by th• Irusth$ on ......... 12-
SARAH'S TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Accountlng poll¢l•• Charlty Inform•tlon S8r8h's Trust is a18 8 Charftsble Inworaied OrganlsaJon. chaiity numb8r 1178891. and wa6 r•gistered wlth Chathy Comisskin on 7 June 2018. 1.1 A¢¢ountlng conv•ntlon The fknandal statements havè béèn prepared in a¢cord8n¢& with the Tru81'8 conslmon, the Ch8ritles A¢1 2011, FRS 102 "The Flnan¢ig1 Reportlng Standard appllcable In the UK and Republic ol Ir•iand' I'FRS 102.1 and the Chartis SORP "Accounlirtg an¢J Reporting by Ch8rftles.' Statement of Recommended Practice applicablB to ch8vities preparing Ihelr acAxJunt8 In accordanca wSlh the Flnanclal Reportlng Standard applleabl8 In the UK and Republlc of Irel•nd IFRS 1021. leffeclNé 1 January 20191. The Tnjst L8 a Publlc Banefil Entity a8 dèfined ty FRS 102. Tha Trust has taken 8th1ontsg8 ofth8 pThlBlon$ In tho SORP for charfllo$ not to preparo a Ststemgnt of Cash FIOWB. Th• flnancl81 statem•nt8 have departed from th• CharftleB {Attounts and Report81 ReguiathM$ 2008 onty to the extent requir•d to provlde 8 tru& and tsir vlew. Th18 dop8rturn ha8 Involved lollowlng the Statement of Rocomm8nded Pra(alr for chariU88 applying FRS 102 rather than thè ver8ion ol thè Statsment of R8comrrftnded Pr8dic8 which Is relerred lo In the Regulaiknn¥ bul vknlch h88 81nce been wllhdf8Wn. The fln8nd818tatements are propared In 81erllng, whlch 16 thè funfAonal currency of th• TN61. Mon8tsry 8moun18 In th88& flnand818taleffl8nts are rounded lo the nearn81 £. The flnancl&l Btatem•n18 have been prepared under tha hl6tiNlral co81 convantSon. The prfndpal 8c£ountlng pJlldo5 8dtsptsd 8re lot out below. 1.2 Golng conc•rn At th Ilmg of approvkng the flnanclal 51alements, the trustees havè 8 re830n8ble expectallon th81 Ihg TruBt h98 gdaquale re8our¢&s to contlnue In opefatlongl exlBlenctr for the for•seeabKry fvluie. Thu$ the tru8lee8 conlnuo to 8dopt the golng concwn b8$1$ of acuntIng In preparfng the financlal 6tataments. 1.3 Chrlt*bl• fund• Unrestrfcted lun¢Js are avallablo for u80 Ot the dlscretion of the IwstoeB In furth•r8ncAry of thelr chawttab oble¢Uv¥$. 1.4 In¢om• Income is rg¢ognlsed whèn tho Trust Is18gally en8 lo It after any perfomiance ndItn$ have bg8n mat, the amunt8 can be mea8urgd rellabty, énd St 18 probabb8 that Income will ro1ved. C88h (kJn8tions ar• r•cognl8ed on e61p1. Olher donouons are re¢ognlsed once the Twst has been nOtled of the donauon, unlèss performanee ¢OnrJ9n$ requlre deferral of th8 amount. Inm8 t8x recoverable In relafjon lo don8lv)ns received undèr GfftAld or deeds of covenant bs recogn180d 81 the tlm8 of the donation. Le$$ Are reCognid on r•ceipt or Othe8& ff the TNst haB been notlffed of an ImndIng dlstrlbulon, the amount Is known. 8nd rerAlpt Is èxpe¢Aed. If the amount IB not known, th8 legacy trd as a contingent asset. 1.5 Expèndfturn Expendllurè 1$ rocognlsed once Ih•r• Is a legal or constructlve obligaticffl to transfer economlc benefft to thlrd party. it is prob8Ne that a tran8fer of eo)nordc benefits will bo requlred In selUempnL 8ftd the amount of the obllgalbn Can be wasured reliabty. 13-
SARAH'S TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MA Y2024 A¢countlng pollciM {Continu•dl 1.6 Calh •nd ¢•$h gqulvalènth Ca8h 8nd ¢8sh equfvak8nts Include c8$h In hand. depo81ts h•KI at C411 wNh bank$, othw Short-temi liquid In¥stments with original maturth.es of three months or less. and bank overdrafts. Bank ovwdraft8 arè shown wlthln booWIng8 in curronl Iwblltbes. 8•$1¢ Iln•ncl•lassrf Bask Iln8n¢181 assets, wh1( Indude tradg gThJ othor recèfvablos and £h and bank balancés, are measured at tran68Lknn prfce Indutying transgctKJn ca)6ts. B••l¢ )7n•n¢llll•bllhl Bask finand81 llablllll85. Indydlng Iradts and oth•r payabJeB and bank 108n8 are re(>)gnl3ed al tronsacuon Trodè payabl88 ar• obllgalion8 to pay for gOJ8 or Borvke8 that have bggn 8cqulred In the (Ydlnary r8e 01 0ratIonS Irom 8uppller6. Amounts payable are cl856ifl&d 88 ¢urrant liabililles If p8ymant Is due wrthln on ygor or 38. If not, they 6r& pr8$entsd a8 nOn1rrn¢ Ikgth"lQi85. Trade payabl88 are rocognl6ed al tran8ac¢lon D•r•eognlllon olffn•n¢l•l Il•bllltl• Flnan¢491 Ilablltles ore derecognlsod th8 Tru8Y8 rAntro¢tug1 obllgalltsn8 •XF4r• or are d18charged or Gancelled. Crltlcal *ccountlng Mtlm•t•• and Judg•m•nt• In tho appllcalon of th• Tru8V8 ?OUntIng pollde8, Ihtr Iru$loe8 gre requlred lo makè lud9ements, esllmal•$ and as8umpllon$ 8ty)ut the carrylng amount of assets and 11oblllli&s that or& not readlty app8rènl from other sourc•8. The 8stlmatss and a880daled assump.0n8 are ba8•d on hl$torfcal exp•rlen¢e and other factorB that are con81dered lo bfr reknvant. Actual re8ults may dlffer tr) these e6llmat•s. The 051kn8les and undertylng 8ssumptlon8 are reviewed on on ongolng ba818. Rev181ons to accounting 08Umale$ are rttognl8e¢J In Ihg p&rfod In vknlch the 98tlmatg Is revlsed wh¢fg the r•vl8lon affects onty that perfod, or kn th8 p8rfod of the rev181on and futufe perfod8 where th& rgv161on both cuThent 8nd futurtt perlods. Incom• from d¢ft4tloM and l•ga¢h• Unr••trlcted Unr•8trlct•d fund8 fibnd8 2024 2023 Dcfflatlons and gffts 148,888 2S1.868 14-
SARAH'S TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Income from InvMlm•nts Unmtrlct•d Unrn•trlet•d fund• fund¥ 2024 2023 Intergst roceNabJe 169 233 Exp•ndltuM on ¢Mrltsbl• •ctlvltt•¥ Ch•rftabl• actlvltl•• Ch8rtt8b a¢tl¥Mle8 2024 2023 Dlr•ct co•t• Charltsblts events aThJ g1ft8 for dlBtrlbuilon Webshe S,055 4,OC 4,824 4,624 Grant fundlng of aL#Mt#(s8è not• 81 115,088 187,058 8h•r• ol •upport •nd gov•rn•ne• ¥t• nol• 71 Gmman 4.919 1.511 129.082 173.191 Analy•lB by fund Unrestricted tund$ 129,062 173.191 Grnnl• pay•bl• 2023 Grants to In$thulbon8.' Anti Slavery Colwlve BethIehem8b Sodety for R•habilitallon Blg Chang Humanttas Thomas Pockllngton Tn1 Other Smaller granls bfjiow £5,100 {14 9ranls) R8alÈe Imp¥ct SoTral DoCUffn1ary M8dlcal MIS8k $18t&r8 10,000 15.0 10.000 30,000 7,000 35,000 46,300 18,000 8,010 7.778 11S.088 187,056 15-
SARAH'S TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Support colts allo¢otod to actlvltl•• 2024 2023 Govemanca c08ts 4.919 1,511 Charll8bk gctMd88 4,919 1,511 2024 2023 Gov•rn•nc• ct)•ts ¢ompdM: Legal 8n(J profes8hJnal Bank Ch8196S IndeperKItt eX8rnlnalJn Sundry lee8 and ¢o•t8 3,ICK) 218 1.280 35 251 4,919 1,511 Non8 of th8 Iru31ee8 lor ony persons connècted wllh Ih•ml recelved any r•mun•raJon or benefft8 from th• Trust durlng the yoaf12023.' no IruBte&8 re¢•0d bonafflts or remunorntYJnl. Employ•o• Th• avwage monthty numbor olempl¢)y988 durkng Ihg yearwo8'. 2024 Numb•r 2023 Numb•r Total There ert no employ•e8 whos8 annual r•mun8raUon wa8 nN)r8 than £80.fy)0. 10 T•xatlon The charfty 1$ •xompl from tn on its becau8t all K8 Incom& 1$ applled for tharlt8bl& pu8. 11 Cuff•nt Il•bllltle¥ 2023 ACCal and def•rr•d Income 1,260 18-
SARAH'S TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 12 Unr•8trlct•d fur The unreStrted fvnds of the ¢harfty comprf88 the Un9xpded balan ol donatlons and gr8nl$ whl¢h are not subjeL to $Pgcfflc CAJndition8 by donors and grantors a8 to th8y may ba u8ed. Indude de8lgnated fund8 whlth h8ve been Get 8sld8 Out of unr¢8trtd¥d fund8 by the Irust•8s for specific purpo8. At 1 Jun• Inc¢mlng R•8ourco• 2023 rMourc•• •xp•r At 31 M•y 2024 Goner81 lund8 9),918 148,835 1129,C621 110.691 Pr•vlou• y•ar. At 1 Jun• 2022 Incomlng rnBour¢o• RMouYe •xnd•d At 31 May 2023 Genoral fund• 12,CQB 262.101 1173,1911 90,918 13 R•l•tsd rty nI¢I19n1 Th•r• w8r• Th) dlgdDS8bb r•latsd party lrnnBa¢*lon8 durtng thè yèar. 12023.. Th• tJu$l mado a grnnl of £10.0 to the charlty Antl-slavery CoWect6vo l¢harfty number 11919231. Tru8188 S Forgu80n'8 daughter, HRH PrfnGgss Eugen, 18 the ¢o-foundor and a tsu8ts0 of the chorfty). 17-