REGISTERED COMPANY NUMBER.. 10787608 IEng]and and Wale51
REGISTERED CHARITY N'UMBER: 01180144
of the.[ru￿ceS and
Consolidated Financial Staiem¢nts for the Year Ended 30 Se
for
Clearl Iniiiailves
ber2

ConienLS of Ihe Fina
for the YeaT Ended
cmcnls
ber 2023
P88e
Report ot th¢ Trustees
I to4
Tru51ecs Reswnsibility Stateonent
Indeprndtnt Examiner's Report
Consolidaied Stytementof Financial Aciivtti¢s
Consolidated Bdan¢e Sheet
Consolidated C&shflow Siatem¢a)I
Charity Ba]ance She
10
Notes to the Fin8ncial Statements
Dctailcd Ststemcnt of Financial Aciiviiics
17

Clearl Initiatives
for Ihe Ytrdr End￿ 30 S iemhe 2
The Irusiees who are also direciors of th¢ charity for th¢ purp)s¢s of th¢ CompgDi¢5 Aci 2006, pr¢s¢n¢ their r¢wrt
with thc financsal SLiiem¢nisof Ihc charity for thc Ycarcndcd 30 Seplcmbcr2023. Thc financial stalemcnls comply
Wlth the Chariiits Act 2011. Ihc Cotnpanies Arl 2006, the MeTnoraDdum and ArtiG1¢5 01. A55ociation and
Accouniingand Reporiing by Charities: Siatetnentof Retomm¢nded Pwti¢¢ applicable to ¢horit1¢5 pr¢pgring th¢ir
accounts in accordance with the Fin2rtcial Reportin8 S18ndard applicabl¢ in th¢ UK and Republic of Ireland
{FRS1021 (effective l January 20191.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Comp4ny number
107876Q8 (England and Wales}
Re8iSttred Charity number
01180244
Registernd offitt
Castle House,
Castle Street
Guildford
Surrey
GUI 3UW
TrusteC5
Yue Jia JaTne5 Ch
Ni¢holas Andrciv Mercer - Chairnian
Paul Anthony TotD45iC
Indeptthdtnt Examiner
John M W￿ler
Indeptndent Eximinèrs
PK Audii LLP
Chartered Aecountsnts
I Parkshot
Richrnond
Surrey
TW9 2RD
Solicitor5
Bates W¢lls Braithwaite. 10 Street Place. London. EC4R IBE
Advlsers
B￿k¢r5- NaiWe51 Bank PLC, 151 High SireeL Guildford, GUI 3AH
Attountants
Chadsan Limit¢(L Castle Housc, Castl¢ StrccL Guildford, Surrey. GUI 3UW

learl Initi
iv
n of ihe Trustees- Conlinued
ror Ihe Ytrdr Ended 30 se
lemb¢r 2023
STRUCTURQ GOVERNANCE AND MANACEMENT
CoverniThg document
The organisaiion is a chariiable company limit¢d by guaranic¢, incorporditd en 24th May 2017 2nd TeEi#ered as a
arity on 8th October 2018. Tht COTnpany wzsestablish¢d und¢T a Memorandurn of Asseciaiion tvhi¢h established
the obje¢ts and powers of the charitable ¢otnpany and is governed urNJ¢r its Ariiclcs of Association. In the event of
the company b¢ing wound up member$ ar¢ r¢quired io contribute an amount not cxceeding £1 each. The charity
consiiiutes a limited company as defined bv the Comp8ni¢s Aci 2006.
Reeruitment and appoitttmtnt ofnew trw5ttes
Th¢dIrec￿rSer1hec0tnpa￿Y area150 thechaTity Iru51ees for th¢ purposesof charity lai¥. As defined by Ihetharit) S
Articles of Association. dIre￿or5 are appointed by an ordinary resolulion.
When recruiting new directors, the charily $¢¢k5 the best rrf)&sible cthlidate suit¢d tts th¢ p)51tion with Ihc right
levels of experienLr and knowl¢dge.
Induction and tr&llllttg of uew trnstees
The ix)8rd monitors and discusses the appropriaienes$ of the skillsct of trustees 10 the operations of th¢ charity and
seeks to aptM)int Twsiees with ih¢ relevani skills if 2ppfopTiat& Thesc Trusiees are fully bTief¢d on the operaiions
And obj¢ctive50f thctharity by the boyJd. All Trusteesdre ￿ls0 provided with, dnd &sked for cunfirrnatiun thaith¢y
have reAd, relevarbt guidance from The Charity Cornmission and to sign and Tdurn a "fil and prow peryon"
derlaration.
OrgAknisxtional strueture
The charity has notmployees. sir￿ 31 Decemter2020 the¢harityc￿ed direth involvemerti iTh￿npai￿ s￿iVili¢S
and so op¢rations and board activity are now coordinaied dir¢¢tly by the trustees and compatty seeTet8ry in
liaison with the charity's accountants Chadsan Limit¢d and representatives from tLga¢yAdvisors Limited, a Hon8
Kong based CoMp￿Y of which Mr. Chen ts adiTector.
The charity'swholly owned subsidiary Clearly lrtiliative5 Trading Limited w28 es12bli$hed to gencraie commercial
STX)tkSOT5hip income.
The charity tNsl¢es have ¢tsJnpli¢d wilh the dllty in scction 17151 of ih¢ 2011 Chwitics Act lo have du¢ re8attl 10
guidance published by the Charity Cornmission li.e. publi¢ benefit siatemcnil.
Risk management
Th¢ tnjsiees have a duty to ideniify and ￿vieW the risks (o which Gharity 15 exposed &nd 10 ensure appropriate
controls ar¢ io place lo provide reagonable assurance against traud and em)r. A risk register was maintain¢d and
regularly ￿vieWed l updated by In¢orporaied London up until th¢ poini that the charity cea%ed operational activiiies
in De£ernber2020. Since thai dale the risks of the Charity h4v¢ been managcd by the cosnpany 5ecrewy in liaison
with the trustees and representative5 from Legacy Advisors Limit￿J, a Hong Kong b85¢d (x)mpany of which Mr.
Chen is È direcior.
OWECTIVLS AND ACTIVITIES
Objectives and *im$
The objectives of the thwity, as set out in its Articjcs of Association, are t￿ in the interests of the publi¢ bth¢fit.'
P￿mot¢ th¢ health of the publi4 including (bul not limited to) by undertakin8 trKi funding rest￿ch into
the natur¢. causes. diagnosi& prevention, treath]ent and cure of all fomis of visual impairnient and the
treatmentof 3nd care for visually Impair￿ people
Advance th¢ ¢ducation of the public through ￿nding and undertaking research into th¢ health, economi
sothal and oth¢T impacts of visual impaimient.

learl Initiatives
rt of ihe Truste£s- continued
for (he Year
2023
Siemificant fi¢tivitie5
IR Deccmtr￿r 2021 Clearly prtsVid￿ the final tr8nchc of grani funding io The InteTnbiiono1 Ag¢nw for th¢
Pr¢v¢ntion of Blindness IIAYB) as partof the a55et transfer agreementofihe PTevious year.
This funding supported two memtKTS of siaff ai (he IAPB 10 torry out work with UN friends of Vision and I
Vision for the Commonweajth walition Ihrough to December 2022.
Throughout theyearcleorly haycal￿ contributed tocarnpaiw) r¢si>urces in supwrtof the IAPB'sadivities whilst
at the same time WQTking closely with the Ch¢D Y¢t-Sen Family Foundaiion in ordcr to 5¢curc funding for the
research projects that it 15 helping io fthart* through collaboration with Queen's Urtiversity Belfast.
ACHIEVEMENT AND PERFORMANCE
Throughout the year the chgriiy eoniinued to financially support relevant Tesearch proj¢¢ts and lo investiBa* new
opportuniiies ¢0 do 50 in the future.
FITrIANCIAL REVIEW
Rest￿¢$ policy
Rcgulsr T¢Vi¢WS of thc rcscrvcs ar¢ undcrtakcn to cnsurc that thcrc arc always sufficicnl funds io meci present
future obligations.
A detailed Cashflow for the next fifteen months of operniions hag been prq)ared is update41 and agreed on a
regular b&%is by the charity's rnain funder Tr Chen Ytt-sen Foundation.
Princip41 funding soureés
Th¥ principal funding source is from thTrnaiion5 provided by Thc Chen Yel-S¢n Foundaiion, a Hon8 Kong
drninislered chaTilable foundation ofi¥hiLh Mr. Jame% Chen is Chaimian.
Investment policy and objtrtiv
The ¢h4Tity h&$ no plans or wlicic5 rcgardin2 InV¢Stmcnt5 &8 rcscrvcs are held JD a rurrcnl bank account so thai
funds are r¢adily available.
FUTURE DEVELOPMENrs
During the period October 2023- Sepiember 2024 Clearly will coniinue 10 5UPWrt ih¢ WOTk ofThe Iniem21iona]
A8¢n¢y forTh¢ Preveniioth ofBlindne55lTAPBI *% well &8 furthering regearch iTrlothe h¢n¢fiL8of¢ye car¢. sharing
these finding5 with world leaders and iniemational bodies.
Supporting the IAPB
Thc IAPB will cothtinue Clcarly's work in Ihc LN Fricnds of Vision and thc Vision for thc
Commonwealth coalition using rnany Dl'ihe PTeviously d￿ClOped resources.
Cl¢Jrfy will continue to provide finance for third party campaign resource.
R¢5earch
C]¢arly will b¢ Continuing its work on the biggest ever Study into th¢ life changing tXFkniial of gla5S¢S.
Separate tri￿$ ov¢r s¢veral yeaTS will establish th¢ link between gJas5es higher pr￿jU¢l1vIty, bett¢r
education and, hopefully, drivitt8 saf¢ty.

iativ
ort of th¢ Tru51ccs- Gonlinu¢d
Year Ended 30 Se
ternber 202
Deiails of trials thai the chatity h8S, at the date of rhEs rewn, committed to contribute towards over th¢ p¢riod to
Sepi¢mber 2024 and beyond are..
LISll- SEE Well io Stay IFI School
TriAI Purpose- a randorniscd controlled trial dcsigned ttsinvestigatewhethergiving gla5SeS to secondary
school rhildrcn in rural China itnproves their chances of g¢lling admiiied 10 aCade￿iC high school. The
tri￿ will involve 8.tKJO ¢hildr¢u and take 34 months to complete.
TrÈal ProErt$5- Th¢ trial was pau$¢ddue loCOVID. In 2023, schoo15 in Ihe provinces originally selected
fokr th¢ tsial informed the rbxarch tcatn that they wer no longer willing to allow childTcn to
randomized into Ireattnent am15 Iih¢y wanted all childr¢n to r¢G¢ivc glasses simulianeouslyl. The
rc$ear¢h team has idertlified new parthcrs. and the irial is moving to Liaoning. China. Thc irial Icam has
high-l¢vel 5UPPOrt fToin the provincial Mtnistry of Edu¢ation lo conduct the Iri81. The trial is scheduled
to rel8un¢h in Sopt¢mbeT 2024.
GRANTS
Grants tOW8rd$ rese8r¢h projects and other ¢aTnpaign activilics are proposed to th¢ Gharity from time lo time.
Before being awarded are auihorised by Ihg Iru51ees on the basis that they 5UPPOrt activiliex which will
further the objectives of the charity.
GOING CONCERN
Thc trust¢cs arc satisfjed that thc charity continues to operate 8s a going concem ort the basi5 of fi]nding
corntnitn]¢lliS received that ar¢ a(kquale to cover COTnmitt¢d fiitur¢ activities.
Independent Examlners
John M Wall¢rof PKAudit LLP,will bc propos¢d forre-appointmEntatlh¢ fonhcoming Annual General Meeiin8.
ON BEHALF OF TH
OARD..
10th July 2024
Nichol
dr¢wMercer. TTu5t¢

Truslecs K¢5
for the Year Ended
Statctncnl
20
The trustee5 (who arc also th¢ dir¢ctor5 of Clearly Initialsvcs for thc purposcs of Company law) arc rc5pon5ible for
pr¢paring the Report of the Trusl¢¢s and the financial stsl<]nenls in accordance with applicabl¢ law and UniTrd Kingdom
Accounting Standards (United Kingdom G¢n¢rally Accq)ted Accounting Practice).
Cotnpgny law requires the trust￿ to prepar¢ financial sialctnents for each financial y¢gr which giv¢ a true and fair vicw
of the state of affairs of the chatitable company and of Ihe incoming resources 2nd &pplicaiion of resources. including ihe
income and expenditu￿. of th¢ charitable cornpany for that period. In pr¢paring Ihosc financial 5tstetnenty the Iru%lee5
re r4uir¢d lo
select suitable accountink policieg and then apply thcm coll￿8*￿¢1￿.
obscrvc Ihc mcthods 3nd prin¢iplcs in thc Charity SORP.,
tnake judgemenis and e51iJna*s thai are reasonable and pTudent'
PTepare the financial siaietnents Dn the Boing concern basis unless it is inappropriat¢ to presume ihaiihe charitable
company will continu¢ its operatiens.
The Iruste¢s ar¢ responsible for keeping propeT accounting r¢¢ords which diKlose with rnsonable accuracy at any lim¢
the flnancial posjtion of the charitable company and 10 enable Ihetn to ensure that th¢ financial ststements ¢o]nply with
the Con)panies Aci 2006. They ar¢ also responsible for safeguarding the *55ets of the charitabl¢ company and hence for
t8king reasonable Steps for th¢ pr¢vEnlion and d¢¢¢iion of ftaud and other irregularitics.
Thc trustecs arc rc5ponsiblc for the rnainlcnancc and integriry of thc charity and infomalion includ¢d on thc charity's
website in accordance with legislation in the Unitcd Kingdom governing the preparaiion and dissetnination of financial
statetnenis.
ON BEHALF OF T
OARD..
10th July 2024
Nichola
ndrew Mery¢r. Tn

Inde
endent Examin
to the Mcmbcrs of
e Consolidated Accouiiis
for ihe Year E￿ed 3Q Se
tember 2023
I r¢port to ihc chamiy trusteeson my txttnination of thc xcounts of thc compgny forthcycar¢ndcd 30
Septernber 2023 whi¢h are S￿ out on pages 7 10 16.
RespoN5ibilities and basi5 of rtport
As the charity's Irusiees of the wmpany {and also its direthors for the puryK)ses of company lawl you
are responsible for ihe PTeparation of th¢ consolidalcd accounts in a¢¢ordan¢e with Ihc requirementsof
the co[n￿nieS Act 2006 C'ihe 2006 A¢i"l.
Having saiisfied tny%eifihai the consolidai¢d accounts ofthe ch8riiable company ar¢ nol rquired lo be
auditcd under Part 16 of the 2006 Act and arc cligiblc for indcp¢ndcnl cxatninalion, I rcprt in rc5PC¢t
of my examitthtion ofyour charity's accounts as carried out undersection 145 of the charli1e8A￿ 2011
I'lhe 2011 Act"). In caTrying out my examination, I havE followed the Direclions given by the Charity
Comtni55ion und¢r section 145{5}Ib) ofth¢ 2011 ACL
l￿dependent examlner's Statement
I hawe cotnpleled iiiy examination. I confirm that m matters have rx)rne to my 8tt¢ntion in conne£tion
with the examinatson giving me cause lo b¢li¢v¢ thai in any material respec(:
acc4)uniing records were noi kepi in reswt ofthe compatty as required by seaion 386 of
the 2006 Act., or
th¢ accounts do not attord with those accounting records,. or
th¢ accounts do noi comply with the accounting requirernenis of section 396 of the 2006
Act other than any r¢quiremeni ihai the accounts give a'tru¢ and fair. view which is not a
maller wnsidereii Ys purt o(#m in(kpendeni ¢x4minaiion: or
the ac¢eun15 hal'e not been prepar¢d in accordance with ihe Tnethods 8nd principles of th¢
S¢￿eMent of RewmmC￿Cd Vractice for accounting and reporting by Chariti￿ applicable
to chariiits preparing iheir accounis in acc4)rddnce with the Financial Reporting Standard
applicable in the UK and Retxtblir ofireland IFRS1021.
I have no Concerns and have Come acr055 no oiher matters in tonneclion wilh the ¢¥wninalion to which
alleniion should be Jrawn in Ihis repurt in ord¢r lo enable a proper Understandin￿ ofihe dCL'oUt￿. to b¢
reachcd.
John M Waller
PKAudit LLP
Chartera Accountant8
1 Parkshtrt
Richmond
Surfrey
TW92RD

Consolidated Stat¢rn¢TIt ofFinanbial Activities
nco
oraiin
an Jncorne and Ex
endi￿re Account
S¢ l¢tnbEr 2023
Ended
30.09.23
Ye2r Ended
30.09.22
Unrestricted fund
UnresiricTrd fjjnd
FUND BROUGHT FORWARD
25,249
283,341
INCOMING RESOURCES
Jncomlne resourte$ from generated [￿ndS
Donations & le8&cies
Notes
85.000
990,000
Totllj incomlng resource
85.0(X)
990.000
RESOURCES EXPENDED
Charitable a¢tivltie8
CowÈrDAn¢e costs
Otb¢r resources expended
76,QOO
13,810
3,037
1231,979
12.546
3,567
Total resourees expwkded
92,847
1.248.092
NET (OUTGOJNGI I INCOMING
RESOURCES
17,8471
1258.092)
TOTAL FUNDS BROUGHT FORWARD
25.249
283,341
FUIYDS CARIUED FORWARD
10
The notes fonn part of the&e fitwicial Statements

isiered nurnber.. 10787608
Consolidated Balance She
Atj
lembcr 2023
Year Endcd
30.09.23
un￿st￿¢t¢d fund
Year End¢d
30.09.22
UThrcstricied fujyj
Ntstes
CURRENT ASSETS
Prep8ytnents
Cash at b3nk glld in hw
603
36,056
588
43.241
36.659
43.829
CREDITORS
AmDI]nls falling due within one year
19,257
18.580
NET CUIiREf4T ASSETS
17.402
25,249
TOTAL ASSETS LESS CURBINT
LIABILITIES
17,402
25,249
NET ASSETS
17.402
25,249
FUNDS
Un￿strIcted fiJnd5
10
17.402
25.249
TOTAL FUNDS
For th¢ financial ycar cndcd 30 Scptcmbcr 2Q23 thc company was entitled to cxcmption from audit undeT $e¢tion
477 of the Co]npanie5 Act 2006 Telating to small cDmpani29.
The trust¢¢s acknowledge their rcsponsibilities for complying with the requiretnents of the Companies Act 2006
with respeet to accounting records and preparation of financial siaiements.
The (Nsiees have nor rcqiiired the wmpany to obtain an audit of ils financial staremenis for the year in question in
accordance with section 476.
These financial slalcmcnt5 have been prepared in accordance with the p￿VisIOnS applicable 10 companies Subject
to ihe stnall cotllP8nics regitne.
The fin2ncidl 51alements wer¢ aPPTov¢d by the Board of Iruslees and authori5ed for i55ue on 10th Jul 2024
8TE 5igtLed on its behalf by..
cholas Andrew Mer¢er- TTUStee
Cojnpany registration No. 10787608
The notes form P8rt of these fLnancial 5tatem¢nts

arl I tiatives
islered rtumber.. 10787608
Con%olidaled Cdshflow Statement
Foi the Year Ended 30 S tem
cr 2023
Year Ended
30.09.23
YeaT Ended
30.09.22
used ffin optriting activities
17.1851
1269.7511
Jncrease/(Decr¢Ls¢} in cash and cash
cquival¢nts itt the yetsr
17,185)
1269.751)
Cash and cash equivajents at the b¢ginning
of the ycar
43.241
312992
Total ¢aslL aJLd ea$h equlvalents at the end
ofthe year
36.056
43.241
Retontilixtion of net movement in fund5 to
Det c*sh flow from operatkng g¢tivitie5
Nct Movement in funds
Oncrease)ID¢crease in prepayn]ents
IncreasellD¢¢reHs¢l in crcditors
17.8471
{151
677
I258.￿2)
339
Ntt cssh uxd tn operAtI￿g gctlvltles
Th¢ ttOlBs fotTn pan of these financial &laternent5

istered nurn
Balan
30.09.23
30.09.22
Unr¢8tti¢icd fijtkl
UnrEstrict¢d fund
Note5
FIXED ASSETS
Ittve$tments
CiniRET4T ASSETS
552
603
35.960
302
588
43224
Debtor5
PrepayJn¢Dt5
Cash ai bank and in hgnd
37.115
44,114
CREDITORS
Amouft15 falling duc within one year
19,227
18,550
P4ET CURRENf ASSETS
17,888
25.564
TOTAL ASSETS LESS CURRErfr
LIABILITIES
17.889
25,565
NET ASSETS
17,889
25565
FUD4DS
Unr¢5tricted fijnds
10
17.889
25,565
TOTAL FUNDS
For the financial year ended 30 September 2023 ihe compaDy was entitled ￿ exemption froTll audit und¢T 5eciion
477 of the CoTnpanie% Act 200fi Teldlin¥ to %mall ¢ompunies.
The ItlJ5tees ¥knowledge IheiT responsibilities for cotnplying with ihc requirements of th¢ Companie5 Act 2006
with rc5peGt to accounting records and preparation of fjnancial sthiements.
The t￿51¢¢5 have not required the company to obtain an audit of it5 financial staiemenls for the year in question in
ccordance with section 476.
These fInancial 51aiements have b¢¢n prepared accordar￿e wirh rhe pTovisiotis applicable 10 companies subject
to the small compatties regim
The fin2n¢ial 5tatcmc
are signed on its be
wet¢ approved by the Board of trnslccs and authorised for issue on 10th 2024 and
f by..
Ntcbol95 A
rcw Mer¢¢r- Trustee
Co
8151r8tion No. 10787608
The notes form pan of these finaDci81 statements
10

Clearl Initiatives
NalL% (n th¢ Financial 8iaiemenLS
for thc Ycar End
cmb¢r 2023
ACCOUNTING POLICIES
Charity intomiation
Cl¢arl> Initiatives is achari(able¢otnpany limiied by guarantee. Th¢regisIeredo￿1ce and placeoflxjsiness isCLsile
Hous¢, Castle Str¢eL Guildford. GUI 3UW.
Basi5 of prep4rAtlon #ttd atto￿ll¢l￿g Convention
Th¢ financial stsiements have been prpared in accordance il'iih the charitable company'$ tn¢Tnorandum and
Orticl¢s, lh¢ Companies Act 2006, FRS102."The Financial Reporting Standard applicable in ihe UK and Republic
of Ireland" I"FRS102') and the chariti￿ SORP "Accoiiniing and Rewrting by Charities.. Stai¢meni of
Recotntnended Praclice applicable 10 ¢h8TiLies Preparing their accDunis in acujrdance wilh Ihe Financial RetM)rting
Standard applicable in th¢ UK and liepubli¢ of I￿land IFRSIO'I" leffeciive l January 20191.
The fironGial 5tatcmcnts arc preparcd in 5tcrling which is thc functional cujyency. Morteiary uni15 ￿ rounded to
th¢tw¢st£I.
Th¢ Trust meets Ihedefinition of apthlicbenefit eniity und¢r FRS 102. Asscts and liabiliiies are inilia]ly recogn15¢d
historical cosi or transaction value unless otherwise $ia*d in the relevani accounting Jy)licy notes.
Basis of tonsolidation
The wnwlidaied group fina￿121 statements consist of the fjnancial stat¢m¢nts of the parenl eompany Clearly
InitTatives togdheT Wlth all enlities conirolld by the pa￿nI company lils 5uhsidiaTleSI.
All finattciai 51at¢tnenls aremth up to 30 S¢pternber2023. Where t￿e$Sory, adjustments are made tothe fitjancial
statcmcals of Subsidiaries to bring th¢ accounting tx)li¢ies uscd into lin¢ with those uscd by oihcr mcmbcrs of thc
group.
All intra-group iransaciion$, balan* and unrealised gain$ on trwjsactions bciween group companies are elitninated
on con501idaiiort. Unredised k>5ses are also elitnin8i¢d the Irdn&qction provides eviden¢e of an impairment
of the asset trattsferred.
Golng tontern
The financial 51aiements have been prq)ared on ihe going Fo%i%. The Chen Yei-sen FoundaliDll will
ntinue to supwrt th¢ operaiion5 of the cligriiabl¢ company forthe for¢s¢eabl¢ fvturc.
At the time of approving the financial statem¢nis the trustees have a r¢asonable expectation that the charitable
company has fdpauate resources to ¢ontinu¢ in OFtrntional existence for al le￿t tw¢lve monihs from the dale of
approval of the accounts.
Incomitjg resource5
All inc4)ming resourcc5 are included on the Siatemenl of Financial Activities when the chariiy is legally eniiiled 10
(he ineotne and the gmOLmi can be qu8ntified with re&qonabIe2￿ur4ry.
Resources expended
Exp¢nditure 15 acwunled for on an a¢¢ruals b&sis 2nd has been ¢lassifi¢d under headings thai 8ggreBaie a]1 CO￿3
related lo that category. Where costs cannot be direcily altri￿lIed to P￿iCular headings they have be¢n ￿1￿Cated
to activitlC5 on a b&sis ¢on5i5tcnt with thc usc of r¢$ourcc5.
T2Xation
The charity is exempt from coryormtioj) tsx io the exient tlwt its income and gains 8re 4)plied to it5 Charitable
objects.

Note% lo the Financial Sialernenl%- Lontinued
r thc Year Ended 30 Se
ietnber 2
lknve$tmen15
Investments are a fom? of basic financial instru]nenl and are ioitially recognised at their transaction value atsd
subsequently mcasurcd at fair V￿￿e a$ at the balance datc. Movcments in fair value are recognised in th¢
Ststcrncnt of Financial Activitics.
Fund ae¢ountlng
Unrestricted fi]nds Can be used in accordance with th¢ charitsble objectives at the dist]etion of th¢ tru5t¢es.
Any restricted thndscan onlybe used foTparhculRrr¢5trict¢d purposes within theobjecls of Ihecharity- R¢5triction5
ar￿ when specified by the donor orwhen fijnds aTe T8iS¢d for particularrestricied purposes.
Furth￿ ¢xpSanation of th¢ J)atur¢ and purpose of each fund is includ¢d in the noos 10 tbe fitw]Gial 5tal¢rrKnts.
C8sh at bank
Cash at bank includc5 cash and short tetrn highly liquid insirumcn15 Wlth a m4turiry d&tc of Ihrcc months or less
from the date of acquisition oropening of the d¢p051t orsimi]araccount.
FÉnaneial in5trument5
The Company only has flnancial ossets and liabiliiies of a kind that qualify a5 basic fLnancial instNments. Basic
rinancial instsum¢nt5 are initially recognised at transaction value and 5ub5¢qu¢ntly measured at their selt]emertt
value.
DONATIOP4S & LEGACIES
Year Ended
30.09.23
Year Ended
30.09.22
tkknations lunrestricledl
85,000
990.000
85,000
990,000
3. CHAIUTABLE ACTIVITIES {UNRESTRICTED)
YellT Ended
30.09.23
Year Ended
30.09.22
R￿earth
Di8ilal content creation and promotion
Campaign ￿st5
Grants I funding Inolc 131
40,0
915.850
6,129
36,(XJO
274,000
36,000
76.000
1,231,979
12

NDI %1
for the Y
he Fin*D¢Tal %ialeTngnl%- c(Inlinued
ndcd 30 Sc
tcmbcr 2023
4. OTHER RESOURCLS EXPANDED
Year Ended
30.09.23
Year Ended
30.09.22
UnrtstriLled
Tot
Unr¢slricled
Total
ri c05t5
Financial costs
IT and lelephone cos
Other
213
1,689
736
1.661
3,037
3.567
5. GOVERNANCE COSTS
Year Erded
30.09.23
Year bnd¢d
30.09.22
Acwuntancy fees
Independent examiner's remuneration
10.210
3.600
10.146
2,400
13,810
12.546
6. NET {OUTCOINGI I INCOMING RESOURCES
Net r¢souTce3 are stated aft¢rcharging:
Y&v Ended
30.09.23
Period Ended
30.09.22
IndeperOentexaminer's remuner&tion
There were tJ) ethploy¢¢s during the ye8r.

the Financial Siaiements- continued
for (he Year Ended 30 S le
7. DEBTORS: AMOUNTS FALLIP4G DUE WITHIN ONE YEAR
Year Ended
30.09.23
Year EDded
30.09.22
Group
Trade Debior5
Prepaym¢nts
603
588
603
588
Charfty
30.9.23
3Q.09.22
Prepayments
Amounts owed by group underiaking
603
552
588
302
1,155
890
8. FIXED ASSET INVESTMENTS
Shales in group
undertakings and
participating intere515
COST
At l Octob¢r 2022 atld 30 September 1023
NET BOOK VALUE
At l 0¢￿betr 2022 and 30 September 2023
Holdings of more than 200/0
The d)ariry holds motc thgn 2[￿ of th¢ sharc capital of thc foll¢)wing companics..
Company
Country of regl$tratlon or
incorporatÉon
Clgss
Shares held •/.
Clearly InitiatÉves Trnding
Litniled
England and Wa1¢5 INO.
10013271
Ordlnary shaTes
The aggr¢gat¢ amount of capital and r¢s¢rv¢s and the rcsults of these undert8kin85 for ihe last relevant finajjcial petiod
Iperiod ended 30 S¢ptember 20231 were..
Prln¢lpal activity
Capital and reserves
Proflt l{lossl for the
period
Clearly Initiatives Trading
Limited
G¢￿ratIOn of ￿mmeTti81
income
(4861
1170)
14

Noies ￿ the FitWICi21 Staietnen
fo[ the Year Ended
ember 2023
9. CREDJTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
30.09.23
30.09.22
Trade creditors
AcC￿a]S and defetred income
657
18,600
9,580
9.(X)O
19,257
18.580
Charlty
30.09.23
30.09.22
Trade creditDrs
AccNal8
627
18,600
9,550
9,000
19,227
18,550
10. MOVEMENT IN FUNDS
Group
AtOI.10.22
Net movement
tn fiLnd8
At 30.09.23
Unrestricted Funds
Charlty
AI 1.10.22
Net rnov¢m¢ni
in fiinds
At 30.09.23
Unrestricted Funds
15

Not¢5 10 Financial Suietnents- Loll
for the YeaT EtM4ed 30 Se
tnber 2023
I I. RELATED PARTY DISCLOSURES
During the ye&T ended 30 Sq)l¢mber 2023 The Chen Yei-sen Troundation. a Hong Kong adtninist¢r¢d ¢harilable
foundation of which Mr. Jarnes Chen is Chaimian made donatio￿ ￿talling £85,(M)0 {2022.. £990.0001 lo th¢ charity.
The ¢harity did not pay rernurtration or kjefils lo any of the lrnslees during the period.
12. COMPANY LIMITED BY GUARANTEE
Clearly Initi￿1V¢S is a ¢otnpany limited by guaranicc and accordin8]y d￿8 not have a 5harccapital. Eath member of
th¢ wmpany) of which thcrc ivcrc 3 at thc balancc shcci daic, undcrt2kc5 lo conlributc an llmouni not cxcccding £1
ewh to the￿¢1$ of the charitE&bl¢ company in iheeventof itb¢ing wouTNJ up while tLG sheor it is arnemtKr. orwiihin
one year after he, she or it eease$ to be a member.
16

Consolidated Detail
Stsicment of Financial Activitie
for the
ear Ended 30 Se
iembeT 2023
INCOMINC RESOURCES
Year Ended
Period Ind¢d
30.09.22
Voluntary Incorye
Donation5
30.09.23
85.000
990.000
Totgl lth¢omlng re50Nrces
85,0(M)
990,000
RESOURCES EXPANDED
Charitable activitit5
Research
Digiial content creation gnd promotion
Carnpaign costs
Grants
40.1MJO
915.850
6.129
36,UU
274,000
36.(X)O
76.(K)O
l ?31.979
Covernance to$ts
FinanEial review
13.810
12546
13,810
12,546
Support tost¥
Finance
Ba]sk ch8rge5
213
245
Other
Insurance
IT software and consumables
FO￿18Th exchan8e losses
1.135
1,689
1.170
491
3,037
3,567
Totsl re$outte$ expended
92,847
1,248,092
Net (Lossl I Profit
TtLiS page does not form part of the statutory financial ststemenls
17