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2023-08-31-accounts

Contents
Page
Reference and administrative information
Trustees'
Annual
Report
Independent
Auditors'		 Report 10
Statement of Financial Activities 13
Balance Sheet 14
Statement ofCash Flows 15
Notes to the Financial Statements 16

Ttrssnas's
Feendsden		 Ttrssnas's
Feendsden		 Incerns Incerns
Yearte Yearte Increase
3 1)08I2028 81(08t2022
1„115,144 934,541 180,603
6,746 3,556
Total 1,121,890 100% 938,097 183,793
Cernrnen03r Prelscts 179,498 19% 111,445 6$,053
Barsarsss 228,072 25% 169,465 58,607
Prejscts In NsPs I 263,M1 149,296 113,795
Fundrais1n0 51,497 6% 16,648 34,849
Admlrdstr aden 204,046 176,905 27,141
Olhsr 0% 1,200 (1,200)
Tetat 624,959 301,246
17,107 (13„404)
296&031

For the
ear ended		 31 Au ust 2023
Unrestricted Restricted Total Total
funds Funda funds funds
2023 2023 2023 2022
Note 6 F E
Income from:
Donations 810,287 304,657 1,115,144 934,541
Investment
income		 6,746 6,746 3,556
Total income 817,033 304,857 1,121,890 938,097
Expenditure
on:
Raising funds 83,622 83,622 16,646
Charitable
activities		 171,526 671,057 842,583 608,311
Total expenditure 5 255,148 671,057 926,205 624,959
Net gains/(losses) on investments 9 (3,703) (3,703) (17,107)
Net income/(expenditure) for the year 6 558,182 (366,200) 191,982 296,031
Transfers
between		 funds (49,286) 49,286
Net movement
in		 funds 508,896 (316,914) 191,982 296,031
Reconciliation
of		 funds: 13
Total funds brought forward 539,549 552,285 1,091,634 795,803
Total funds carried forward 1,048,445 235,371 1,283,816 1,091,634

2023 2023 2022 2022
Note 6 6
Fixed assets".
Investments 9 257,534 261,237
257,534 261,237
Current assets:
Debtors 10 21,796 2,786
Cash at bank and in hand 1,025,114 861,716
1,046,910 864,502
Liabilities:
Creditors: amounts		 falling due within one year 11 ~20,828 33,905
Net current assets 1,026,282 830,597
Total net assets 1,283,816 1,091,834
Funds: 13
Restricted Funds 235,371 552,285
Unrestricted funds:
General funds 1,048,445 539,549
Total unrestricted funds 1,048 448 539,549
Total funds 1,283,816 1,091,834

Note 2023 2023 2022 2022
Net cash provided
by operating
activities		 14 156,652 303,043
Cash flows from investing
activities:
Interest/
dividends
from investments
Purchase of investments		 6,746 3,556
~2,779
Cash provided
by investing
activities		 6,746 777
Change
in cash and cash equivalents		 in the year 163,398 303,820
Cash and cash equivalents
at the beginning		 ofthe year 861,716 557,896
Cash and cash equivalents
at the end		 of the year 15 1 925,114 861,716

Detailed c omp arati ves
for the statement		 offinancial activities
Unrestricted Restricted
funds Funds Total Funds
2022f 2022
F		 2022
F
Income from:
Donations 388,888 545,653 934,541
Investments 3,556 3,556
392,444 545,653 938,097
Expenditure on:
Raising funds 16,648 16,648
Charitable activities 178,105 430,206 608,311
194,753 430,206 624,959
Net (losses) on investments (17,107) (17,107)
Net income for the year 180,584 115,447 296,031
Net movement in funds 180,584 115,447 296,031
Total funds brought forward 358,965 436,838 795,803
Total funds carried forward 539,549 552,285 1,091,834

Income from donations
Unrestricted Restricted Total
funds Funds Total Funds Funds
2023 2023 2023 2022
5
Donations 810,287 304,857 1,115,144 934,541
810,287 304,857 1,115,144 934,541
Income from investments
Unrestricted Restricted Total
funds Funds Total Funds Funds
2023 2023 2023 2022
F
Bank interest 6,746 6,746 241
Dividends 3,315
6,746 6,746 3,555

Analysis ofe
current year		 xpe n diture
Cost of
raising Charitable Support Governance Total Total
funds activities costs Costs 2023 2022
F f F F 6 F
Staff costs 32,125 130,587 49,896 212,608 175,003
Grants, bursaries and
scholarships 383,076 383,076 295,820
Direct charitable expenditure 254,231 254,231 123,440
Fundraising 51,497 51,497 16,648
Bank charges 899 899 783
Auditor's
remuneration		 5,400 5,400
Independent examiner's fee prior
year 120 120 1,200
Other running costs 16,530 16,530 10,318
Insurance 1,844 1,844 1,747
83,622 767,894 69,169 5,520 926,205 624,959
Support costs 69,169 (69,169)
Governance costs 5,520 (5,520)
Total expenditure 2023 83,622 842,583 926,205
Total expenditure 2022 16,648 608,311 624,959

Analysis of
prior year		 expe nditure
conti		 nued
Cost of
raising Charitable Support Governance Total
funds activities costs Costs 2022
Staffcosts 138,992 36,011 175,003
Grants,
bursaries		 and
scholarships 295,820 295,820
Direct charitable expenditure 123,440 123,440
Fundraising 16,648 16,648
Bank charges 783 T83
Independent examination 1,200 1,200
Insurance 1,747 1,747
Other running costs 10,318 10,318
16,648 558,252 48,859 1,200 624,959
Support costs 48,859 (48,859)
Governance costs 1,200 (1,200)
Total expenditure 2022 16,648 608,311 624,959

2023 2022
Salaries and wages 206,780 151,690
Social security costs 3,625 16,005
Employer's
contribution		 to defined contribution pension schemes 2,203 7,308
212808 175003
2023 2022
1 1

2023 2022
E E
Investments at fair value:
Investment funds 257,534 261,237
257 534 261 237
Movements
Market value at the start ofthe year 261,237 275,565
Additions at cost 2,779
Net gain/(loss) on revaluation 3,703 17,107
Market value at the end ofthe year 257534 261 237
10 Debtors
2023 2022
E E
Other debtors 2,551
Prepayments 19245 2,786
21 796 2786
11 Creditors: amounts falling due within one year
2023 2022
E E
Accruals 20,628 33,905
20,628 33,905

Analysis
of net assets betwe		 en funds
Unrestricted Restricted Total
funds Funds funds
F E E
Investments 257,534 257,534
Net current assets
Net assets at the end ofthe		 year 790,911
1,048,445		 235,371
235,371		 1,026,282
1,283,816
Analysis ofnet assets between funds (prior year)
Unrestricted Restricted Total
funds Funds funds
E E
Fixed assets
Net current assets
Net assets at the end ofthe year		 539,549
539,549		 261,237
291,048
552,285		 261,237
830,597
1,091,834
13 Movements
in funds		 Movements
in funds
At the start Income Expenditure At the end
ofthe year and gains and losses Transfers ofthe year
8 F 6 5
Restricted Funds:
CAIRN Projects 146,703 176,698 (263,216) 49,286 109,471
Bursary Funds 233,796 114,969 (228,072) 120,693
Thomas's
Schools Foundation		 171,786 (166,579) 5,207
Community
Projects		 13,190 (179,769) 166,579
Total restricted
funds		 552,285 304,857 671,057 49,286 235,371
Unrestricted
funds:
General funds 539,549 617,033 (258,851) (49,286) 1,048,445
Total unrestricted
funds		 539,549 817,033 258851 49,286 1,048,445
Total funds 1,091,834 1,121,890 (929,908 1,283,816
Movements
in funds		 for the (prior year)
At the start Income and Expenses and At the end of
ofthe year gains losses Transfers the year
6 F F 6 6
Restricted
Funds:
CAIRN Projects 202,017 93,982 (149,296) 146,703
Foundation
Projects		 215,703 451,671 (261,792) 405,582
COVID Response 19,118 (19,118)
Total restricted
funds		 436,838 545,653 430,206 552,285
Unrestricted
funds:
General funds 358,965 392,444 (211,860) 539,549
Total unrestricted
funds		 358,965 392,444 211,860 539,549
Total funds 795,803 938,097 642,066 1,091,834
14 Reconciliation
ofnet		 income / (expenditure) to net cash flow from operating activities
2023 2022
6 6
Net income for the reporting period 191,982 296,031
(as per the statement offinancial activities)
Depreciation
Losses on investments 3,703 17,107
Interest,
rent and dividends		 from investments (6,746) (3,556)
(Increase)/ decrease in debtors (19,010) 3,055
Increase/ (decrease) in creditors 13,277 9,594
Net cash provided by / (used in) operating activities 156,652 303,043

Analysis
ofcash		 and cash equivalen ts
At the start of At the end
the year Cash flows ofthe year
6
Cash at bank and in hand 861,716 163,398 1,025,114
Total cash and cash equivalents 861,716 163,398 1,025,114
Analysis ofcash and cash equivalents (prior year)
At the start of At the end of
the year Cash flows
f		 the year
F
Cash at bank and in hand 557,896 303,820 861,716
Total cash and cash equivalents 557,896 303,820 861,716