THE AMOS BURSARY
FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023
Charity Reglstratlon number- 1185117

THE AMOS BURSARY
FINANCIAL STATEMENTS FOR THE YEAR ENOED 31, DECEMBER Z023
CONTENTS PAGE
PAGE
Charity Information
Trustees Report
2to14
Independent Examiner'5 Report
15 and 16
Statement of financial ActNities
17
Balance Sheet
18
Statement of cash flow
19
Notes to the Financial Ststements
20to27

THE AMOS BURSARY
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023
CHARITY INFORMATIOfrJ
Legal Status ,' Charitable Incorporated Organisation I CIO )
Charity Reglstration number- 1185117
REGISTEREO OFFICE
45. Tindale Close
Sanderstead
South Croydon
Surrey. CR2 ORT
WEBSITE ADDRESS
www.amo
bu
TRUSTEES
Colleen Althea Amos
Pamela Clarke
Richard Butler
Sarah Ebanja
Hlakanyane Zwambila
BANKER5
Natlonal Westminster Bank Pl
Shlley Solhull
231-235. Stratford Road.
890 3AJ
INDEPENDENT EXAMINER
Charles Adomakts Basoah
AccouKfANTS
Adomako Ba￿ah & Co.
Chartered Certified Accountants
Registered Auditors
45, Tindale C105e
Sanderstead
South Croydon
Surrey. CR2 ORT
Page I

THE AMOS BURSARY
Charitable Incorporated Orgonisation Charity registration number 1175118
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
The Trustees present their report together with the Independently examined financial statement5 for the
year ended 31, December 2023. The length of the Reporting period is 12 months for the period I january
2023 to 31, December 2023
BASIS OF ACCOUNT5 PREPARATION
The financial Statements have beell prepared in accordance with Accounting and Reportin￿ by Charities=
Statement of Recommended Practice applicable to Charitiès preparing thèir account5 in accordance with the
Financial Reporting Standard applicable in the UK and the Republic of Ireland (FR5 1021 (Second Edition)" and
the charities Act 2011 and UK Generally Accepted Practice as r( applie5 from I, January 2015. The financial
statements have been prepared to give a "true and fair" view and have departed from the Charities
(Account5 and Reportsl Regulation 20)8 only to the extent required to provide a "true and fair view". This
departure has involved following"Accounting and Reporting by Charities.. Ststement of Recommended
Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard
applicable in the UK and Reputslic of Ireland IFRS 1021 (Second Edition)" rather than the Accounting and
Reporting by Charities.. Statement of Recommended Prartice effective from I, April 2005 which has since
een withdrawn" The financial statements have been prepared in accordance with the accounting policies
set out in Note 2 to these accounts, and in accordance with the governing document of the Charity.
GOVERNING DOCUMENT AND OBJEcfivE
The Governin8 document for The Amos Bursary is Its constitution.
The main object of the charity is the promotion of equality and diversity and the advancement of education
lincluding social and career development trainingl for the public benefit of young people of African and
Carlbbèan heritage. In such ways as the trustees see fit.
In striving to achleve its objectlves, the Trustee5 give careful consideration to the Charity Commi55ion'g
general guidance on public benefit The Charity Trustees have paid due regard to guidance i$5ued by the
Charity Commission in deciding what activitie5 the Charity should undertake.
We confirm that the Charlty is a public benefit entity as defined by FRS 102.
The Charity 15 administered by the board of Trustees. The board meets to ensure the proper administration
of the Charity and application of its resource5. The day-to-day management of the charity is delegated bv
the Trustees to the Chief Executive, Colleen Amos OBE who reports to the Trustees on a regular basis,
including at the meetings of Trustees.
page 2

THE AMOS BURSARY
Charitable Incorpordted Organi5ation Charity registration number 1175118
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
TRUSTEES
The Tru5tee5 who served during the period and since the period end were as follows-.
sarah Ebanja. Chairperson
Pamela Clarke
Richard Butler
Hlakanyane Zwambi18
Colleen Amos OBE, CEO and Co-founder
APPOINTMENT OF TRUSTEES
Trustees are appointed for a term of three/four years and are eligible for re-appointment once the term
expires. Any person retiring as a Charity Trustee Is eligible for reappointment. A Charity Trustee who has
served for th￿e consecutive terms may not be reappointed for a fourth consecutive term but may be
reappoinred after an interval of at least one year.
Trustees are appointed by resolutions passed by existing Trustees to Co-opt new Trustees. This is carried out
in accordance with clause ID of its Constitution.
INDucfioN ANDTRAINING OF TRUSTEE BOARD MEfvIBERS
On appointment each new Trustee will on or before his or her first appointment be given a copy of the
current version of the constltution and a copy of the CIO'S latest TfUStees' Annual Report and flnancial
statement. rhe new frustee will also be given the opportunity to meet with the staff of the charity.
Thè training needs of each Trustee are a5se55ed on an individual basis and acce55 to training is offered where
necessary.
STRU￿uRE GOVERNANCE AND MANAGEMENT
The Amos Bursary is a Charitable IrKorporated Organi5ation I'the CIO-I. After 10 Years operating as a charity
under the stewardship of EKce113 Limlted, the Amos Bursary was registered as an independent UK charity on
30, August 2019 with the Charity Registered Number 1185117.
The Charitv 15 administe￿d by the board of Trustees who are all volunteers except the CEO. The board
meets to ensure the proper Jdmini5tiation of the Charity and application of its resources. The clay-to-day
management of the charity is delegated by the Trustees to the Chief Executive, Colleen Amos OBE, who
reports to the Trustees on a regular basis, including at ihe meetings of Trustees.
The remuneration of the CEO 15 reviewed every other year through a bench-marking exercise. The Board
considers annually whether to award salary increase5 towards the cost of living.
Detalled Management accounts are prepared twice a year and summari5ed accounts are submltted to the
Board at Trustees meetings.
page 3

THE AMOS BURSARY
Charitable Incorporated Organisation Charity registration number 1175118
TRusfEE5' ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
The Amos Bur53ry was established in 2009 to promote equality and diversity anLt the advancement of
education linc1uding social and career development trainingl for the public benefit of young people of
African and Caribbean heritage.
We became a registered charity on the 30th August 2019.
Our mission is to promote excellence and shape the future5 of talented young people of African and
Caribbean heritage. We achieve this by providing universitie5 and leading employers with a growing pool of
underrepresented, underestimated, exceptional and diverse talent. In 2009- 2020 the Amos Bursary scholar
programme was dedicated to improving outcomes for young men. In 2021 we expanded the programme to
make an even greater impact on more young people. We introduced young women onto the pmgramme
and introduced an additlonal programme the Progre55ive online network. Our programme5 give thesE
Students, all of whom are chosen for their natural ability and potential, the self- belief, and the soft skills
they need to succeed in thelr chosen careers. We work to position them for entry to the universities best
5Uited to help them realise their Potential. Many have suC￿eded In attending top universities, including
Oxford, Cambridge, Wanvick, Durham, York, Exeter, Kings College London, UCL and Imperial College London.
The charSty aims to..
Support high achieving young people from challenging environments acr055 London
and the Midlands, to achieve their full potential
Provide the pipeline cjf exceptional tslent to universities and corporations
committed tc) dlversity
Offer experiences and opportunitiès to Ènsure our students develop global cultural
competencies, sklll sets and attitudes.
Nomialise success and change the negative per￿ptIOnS surrounding Afrlcan
Carlbbean young people in the UK
Increase social mobllity for our young people, and empower them to give back to
their communities
OVERVIEW
In the pursuit of academic excellence and professional success for young British individua15 Of Afrlcan and
In the face of global challenges. the Amos 8ursary entered 2023 with clear 5tralegic goals aimed at fostering
incluslvity, expanding reglonal impact, and embracing diEitsI advancements. This year, marked by economic
downturns and shifting curpDrate priorities, proved to be a testament to the resilience and determtnation of
the Am05 Bursary.
The Amos Bursary set ambitious targets for the next five years. focuslng on the continued Sntegration of
young women into the programme, fortifying the West Midlands initiative, broadening international travel
opportunities, addressing Caribbean student attsinment, and oplimising the Associates and Progression
programmes.
page 4

THE AMOS BURSARY
Charitable Incorporated Organisation Charity registration number 1175118
TRU5TEES' ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
While the global landscape posed economic challenge5 and intensified competition, the Amos Bursary
remained unwavering in its commitment to preserying its brand and increasing awareness. As the
orgènisation expanded. particular emphasis was placed on recruiting and retaining hi8h-quality staff,
mentors, and volunteers. recognising their pivotal role in programme success.
Recogni5ing the importance of operational efficlency, we have been 5UPPOrted by PWC to strategically
integrate Sale5force as our prfmary Management Information System. reinforcing our commitment to data
integrity and compliance with GDPR. With expert guidance from McKinsey, we have a150 developed a robust
fvnding partnership strategy, positioning us for growth and expanding our program into new regions,
including the West Midlands. Both projects have made a Significant contribution to the Amos Bursary
helping to achieving our proiert goals.
Throughout the year, our three programmes delivered a spectrum of workshops and events across various
fields, including finance, law. medicine, and Degree Apprenticeships.
The inaugurdl year of operation5 in the West Midlands showcased succe55, Wlth students participating in a
hybrid pro8ramme that required periodic visits to London.
The summer School initiative provided corporate exposure, and many undergraduates securely paid
internships in p￿StigIOuS sector5. 5ettin8 the Stage for a successful transition to the workforce. The Youth
Leadership Conference, themed 'Disruption- Steps for Radical Change,, brought together over 300 students
for insightful discussion5.
As an organisation, we actively celebrated Black History Month, acknowledging the importance of cukural
awarene55 and spotlighting the achievements of tommunity leaders. Our community wa5 actnre during this
month. with numerous workshop5, events, and reflection5 on incredible storie5 and achlevements.
The InternatlDnal EKperience program expanded notably, incorporating Ghana into its offerings. Internship
and mentorlng initiatives flourlshed, providing students with a plethora of opportunities. The flagshlp
Scholar5 prcgramme continued to empower students, ensufing iheir success at university and in the
workforce. The online Progressive Network proved effective in enabling a larger pool of students to access
core attivlties vital for career progression.
The Cofporate support extended to the Amos Bursary translated into tangible outcomes for stijdents. Over
650 studènts were supported in 2023. some secudng scholarships from partners Live Nation and Clearview.
The commitment to actively seek funding underscores the organisation's dedication to enhancing
programmes and sustaining growth.
page S

THE AMOS BURSARY
Charitable Incorporated Organisation Charity registration number 1175118
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
The Amos Bursary's empha515 on mentorship and internship opportunitie5 ha5 yielded remarkable results,
with a record recruitment of 172 mentors and a substantial portion actively contributing to the development
of our students. Additionally. our learning and development initiatives included over 80 workshops, covering
cwcial aspects such as university selection, personal statement guidance, and interview preparation.
The achievements of the Amos Bursary in 2023 were made possible through the collaborative efforts of
trustee5, patrons, mentors. corporate partners. 5UPPOrters, and an exceptional team of volunteer5. special
thanks are extended to the AB family and friends. whose unwavering commitment propels the mi55ion
forward.
As the Amos Bursary continues to evolve. the year 2023 stands as a testament to its ability to overcome
challenges, adapt to the changing landscape, and per515t in its mission of empowering young minds to
achieve their fullest potential. The joumey ahead is marked by optimism, growth, and an unyielding
commitment to shaping brighter futu￿$.
Amos Bursary Artl¥ltle$ 2023
The Amos Bursary has remained 5teadfa5t in its mi55ion to transform the live5 of talented young people of
African and Caribbean descent. Ourjourney throughout 2023 ha5 been marked by significant achievements
and impartful initlatives that underscore our commitment to empowering the next generation of leaders.
Here, we expand on our key accomplishments..
Amos Bursary student demographics
20(19-2023
1,235 beneficiaries have/are being served
372 AMOS Scholar5 were 5UPPOrted across London and the West Mtdlands
156 studerbts supported through the A550ciate Programme
707 students on the Progressives Network Ipredominantly onllnel
Beneficiaries in 2023
179 Scholars
125 Associates
303 Onllne pro8￿SSive network
West Midlands
11 scholars and 4 Associate5 were recruited in the 2023 *n3u8ural year in the West Midlands
page 6

THE AMOS BURSARY
Charitable Incorporated Ooanisation Charity registration number 1175118
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENOED 31, DECEMBER 2023
Universlties
148 Amos scholars are currently at University
18 Oxbridge Universities112%1
94 other Ru55ell group Universities159%1
20 other major universities125%1
5 Post 1992 Universities13%1
9 gap year
9 higher apprenticeships
I veterinary college
I International University IUSA- Stamford I
Alumnl
The Bursary also has 143 Alumni las Dec 20231 across a range of career sertors, and professions including
Finan￿/consultin￿AcCo￿ntlng
Post graduate edLJcation
Medialmarketlngladvert15in￿1oUrnalIsm
Technology
Medicine /Healthcare
Others
38%
13%
io%
15%
5%
19%
Graduates 2023
Graduatrs
First cla55 honours
Doctor
24 class honours
19
Employment
Currently in employment
Post Graduate courses
Gap ¥Èar
18
Tailored Programmes and Actlvltles
Introdurtion
In 2023, the Amos Bursary made significant headway by successfully delivering a comprehensNe Yange of
programmes and act¢vities, all with the aim of bolstering the abilities of our students. Each initiative was
carefully tailored to meet the varied needs of our scholars, equipping them with the essential skllls and
knowledge to excel in their academic and professional endeavours.
page 7

THE AMOS BURSARY
Charitable Incorporated Organisation Charity registration number 1175118
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
By leveraging the expertise of industry professionals and educational experts, we were able to deliver hEh-
quality training that covered a broad range of interyentions including'Dine like a Diplomat,, 'Oxbridge
Preparation,, 'Readine55 for the World of Work,, 'Commercial Awarene55', 'Personal Wellbèing., among
others. The expansion of our International Experience programme tts Ghana and the flourishlng internship
initiatives exemplify our commitment to providing students with enriching experiences beyond borders. We
also facilitated internships, wowk placements and hosted our inaugural Wellbeing conference.
These intervention5 were designed io ensure our students are fully prepared to adeptly navigate the
complexities of toda￿5 world. Our commitment to their growth and development remain5 at the heart of
our mission.
Personal Developmènt Workshops: Bulldlng Character and Leadershlp
Recognising the importance of holistic development, we held numerous personal development workshops
throughout the year. These workshops We￿ pivotal in fosterin8 character buildin& resilience. and leadership
among our scholars. By focusing on key areas such as emotional intelligence. ethical deci5ion-makin& and
effective communication, we empowered our students to dèvèlop the 5Dft skills e55ential for personal and
professional success. The workshops also provided a platfomi for our scholars to engagè with mentors and
peers, facllitatlng a sUPPOrtive communlty thai nurtures growth and development.
Launch and Empanslon of CONNECT: The Onllne Platforni for the Amos Communlty
In a signlflcant leap towards digital transfomiation, we developed and launched CONNECt, an innovative
online platform designed to serve the Amos Community. CONNECT has become a central hub for our
scholars. offering a space for networking. This pilot project concludes in December 2024, when we will
asse55 the effertNeness and efficiency of the platform.
Mentoring Programme: Expandlng Reach and Impact
In 2023, we made 5igniticant strides in our mentoring programmè. We Successfully recruSted over 150 new
mentors, Èxtending our ￿ach to a wider group of student on thè Associate programme. This expansion has
allowed us to provide more personallsed guidance and sUPPOrt, further enhanclng the impact of our
mentDdng efforts.
Outreath Programmes: Attractlng More Students of Carfbbean herftage
Buildin& on our outreach programme, we have made eonterted effort5 to attract more students of
Caribbean deS￿nt. Our tsrgeted campaign5 and Strategic partnerships with schools, community
organi5ation5, and cultural institutiOf15 have significantly broadened our reach. These efforts have resulted in
a new pipeline of applicants from Caribbean backgrounds, enrichÉng the diversity and cultural tapestry of the
Amos Bursary and ultimately the wider soctety. Ourvoices programme contlnues to develop the skills of our
students as public speakers.
page 8

THE AMOS BURSARY
Charltable Incorporated Organisation Charity registration number 1175118
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
CollaI￿ratiOn with our corporate partners
Our progress in operational excellence and student advancement ha5 been significantly strengthened by the
511PPOrt of our corporate 5pon50rs. Their contributian5, extending beyond financial aid, have been trucial in
shaping our students, futures through mentorship, iriternships, and strategic partnerships.
A key achievement this year was the Successful integration of Salesforce, enhancing our operational
efficiency and reinforcing our COTnmitment to data integrity and GDPR compliance. Wlth expèrt guidance, we
have also developed a robust funding partnership strategy. Targeted initiatives have been launched to
5UPPOrt young women, addressing speclfic needs and fostering development.
Corporate backing ha5 greatly enriched our student develc)pment initiatives, creating an environment where
growth and leaming flourish. Partnership5 focused on diversity and incluslon have pl3yed a vital role in
expanding scholarships and opening doors to prestigious sectors.
It is through our collective efforts wit sponsors, trustÈÈs, patrons, mentors, supporrers. and volunteers, that
we continue to empower the young minds we serve and shape a brighter future tO8ether.
Flnancial Support: Bolsterlng Capaclty and Competency
The financial sUPPOrt we have received has been instrumental in building the capacity and competency of
the Amos Bursary. These funds have enabled u5 to enhance our 5ervlce delivery, expand our programmes,
and invest in critical rnfrastnjcture. By providing scholarships. grants, and emergency funds, we have
alleviated the financial burden5 faced by our scholars, allowin8 them to focus on their Studies and personal
development. The increased financial backing has also facilitated the professional growth of our staff,
ensuring that WÈ remaln equipped to support the evolving needs of our students.
Sustalnabilltv
The Amos 8ursar¢s sustainability plan contributes towards our lon8-term impact and vièbilty. allowin8 US to
continue empowering young people of African and Caribbean heritage. The plan focuses on diversifying
funding sources, scaling and expanding its reach, building a strong alumni network, fostering strategit
partnerships, and continuously improving our operations through dats4riven declslon-maklng.
We are dedicated to Integrating environmental 5UStainability into all asperts of our operations. By reducing
waste, using sustainable materials, and promoting ethical sourcin& we are committed to protecting the
envlronment whFle supporting the educational and professional development of young people. We will
continue to innovate and implement sustainable practice5, ensuring that our commitment to the
environment grows alongslde our mlssion.
pa8e 9

THE AMOS BURSARY
Charitable Incorporated Organisation Charity registration number 1175118
TRU￿EE5. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
By Integrating 5UStainable practices into our operation5, we contribute to a healthier planet and set an
example for our students and the wider community.
Future
As the Amos Bursary evofves, the journey ahead is marked by optimism, growth, and an unyielding
commitment to shaping brighter futures.
We will local delivery of e Amos 8ur5ary programme in the West Mldland5
We will review the triple track programme, to ensure we are supportSng rn0￿ students through the
Progressive Network online programme.
We will ensure that we are efficiently and effectlvely servlcing our stakeholders
We will look to encourage British Caribbean student5 to join the programme
We will look to provide sUPPOrt to African Caribbean University students via the African Caribbean
Associations.
We will review our service provision for the young WDmen on the programme
FINANCIAL REVIEW
This is the Amo$ Bursary Annual Report and Financial Statements from l January 2023 to 31 December 2023
The Trustees report that during this period Incoming resources amounted to
£650,594 (compared to £1,097.095 the previous yearl and the resource5 Used amounted to
£596,56212022-£535,3231. This resulted in a contribution to reserves of £54,03212022- £561,7721
The total funds carried forward at 31 December 2023. amounted to £2,563.184 (compared to £2,509,152 at
the start of the yearl, and of which £323.055 I2022- £491,514) 15 restricted and £2,240,12912022-
£2,017,638) unrestricted.
The Amos Bursary is a fwe-year programme for each student, and funcls are sècured upfrorit to ensure that
each student can benefit from the programme for the full term.
The Trnstees are satisfied with the level of reserves to meet this requirement. The Trustees are confident
that the charity will be able to continue its operation5 beyond the next 12 months 8iven a healthy level of
free reserves and several Income pipelines for future year5. The forecasts preparetl for the Trustees provide
confidence that the financial statements should be prepared Dn a going concem basis.
The Amos Bursarfs prinapal risk5 and uncertainties are:
Strategic govèmance including mi55ion and vision creep,. socio-econornic, political. and other
environmental factors.
Financial resources includlng sources of fvnding,. spend profile; under-lying business- model
pa8e 10

THE AMOS BURSARY
Charitable Incorporated Organisation Charity registration number 1175118
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
The Amos Bursarfs prtncipal rlsks and uncertalntle5 are:
Operational including organisation structure and people. projectsi performance. and impa
Regulatory and Compliance including Equalities, Diversity. and Inclusion, GDPR, Health and safety,.
and 5afeguarding,' Charity policies, procedures, and internal controls
Brand reputstion and Quality standards
The Amos Bursary adopts a dynamic approach to risk management. Strategic Risks a￿ owned and reviewed
by the Board and managed by the chief executive through the management team. The Chief Executive owns
and manages the operational Ri5k5. Project risks are owned and managed by the relevant Projert lead.
Risks are rated initially according to their level of a55essed inherent Risk determined by Potential impact
(ranging from insignificant to catsstrophicl multiplied by the Likelihood of the Risk Arising (ranging from
remote to highly probablel. The residual Risk Is determined post mitigation measures with the aim of
reducing exposts￿ to a tolerable level.
The trustees continue to monitor and revlew the risk a55essment process on an ongoing basis. In the opinion
of the Trustees therè are adequate internal controls in place to cover any significant risks to the Amos
Bursary.
RESERVES POUCY AND GOING CONCERN
The reserves policy is to ensure that the￿ 15 sufficient unrestricted funding to fvlfil the Am05 Bursary
programme for our participa￿ts who are not covered through our restricted funds. The Board is duly
confident that the Amos Bursary 15 a golng concern.
The level of resources enables the Amos Bursary to fulfil Its future obligations to the students on its trKJoks at
31st Oecember 2023, a5 well as to prepare for new intakes and the development of sustainable
programrnes. The Amos 8ursary programmes are high impact, long tenn programmes. The Amos Bursary
students, expectations are based on programme support spanning 5 years Iminimuml from the date of their
pinlng the programme.
The Reserve policy is to maintain at least 12 months, operational and programme expenditu￿.
The CUr￿nt reseThes are more than the minimum required level. and the Trustees intend to take appropriate
opportunltles and measures to align better the actual reseNes in line wlth the policy level.
GRANT MAKING POUCY
The role of Amos Bursary staff is the administration of programmes. Grant awardees are Issued with
agreements and progress is monito￿d and recorded utilising a srant management system.
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THE AMOS BURSARY
Charitable Iniorporated Organisation Charity ￿gIStration number 1175118
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
REMUNERATION POUCY
Salaries are rèviewed following a market benching exercise.
The remuneration of the CEO is Set by the Tru5tee5. They consider the skills, experience and competencies
required for the role, and the remuneiation level for the Tole in sectors Whe￿ suitable candidates would be
found.
STAFF RECRUITMENT
The recommended People Policy will include The Amos Bursary remuneration package that ha5 been
determined after comparison within our sector and appropriate peer group. In so doing, we will Consider
whether we want The Amos Bursary Remuneration to be in upper quartile, mid-quartile. Dr lower quartile
relative to other5. We will consider whai constitutes -remuneration" for comparative purpose5 i.e., FTE
Salary- basis of increment5 lif anyl- Training & Develc*pment (Leav2 Entitlement- Annual, Sicl Special lif
anyl.. Notice Period- Employer Pension Contribution,. 8orrus entitlefnent. Any other Ts & Cs.
The Amos Bijrsary People Policy will by its nature reflect The Amos Bursary commitment to equalities,
fairness. and opportunity.
The Amos Bursary is a small organisation, and the People Policy reflects this. It is simple, concise, effective,
and adept.
STUDENT WELLBEING
The impact of COVID-19 on young people in London and the West Midlands has been multifaceted. The
Amos Bursary is witnessing the long-ierm effects and is also experfencing challenges in mental health
support for some Students. We have put in place mechani5m5 to addre55 thi5 need. More students are
acce55ing the Amos Bursary Pastoral care support Services. Measures have been put in place to promote a
greater sense Df belonging and sessiDns on wellbeing are belng held.
FUNDRAISING STATEMENT
Section 162a of the Charitle5 Act 2011 require5 charities to make a statement re8arding fundraising
activities. The legi51alion defines fundraising as 'solicitinE or otherwise procurin8 money or other property
for charitable purposes". SLJch amounts receivable are presented in the Am05 Bursary's account as
'voluntary income. and inclu(le legacles and grants.
The day-to-day management of all income generation 15 delegated to the CEO.
The charlty adhe￿5 to the Institute of Fundraising code of Fundraising Prartice, whTch outlines standards
expected of all fundraising charitable or8anisations in the UK. The Arnos 8ursary ha5 received no complaints
in ￿latiOn to fundraising activities. tts terms of employment require stsff to always behave reasonablv.
page 12

ThE AMOS BURSARY
Charitable Incorporated Organisation Charity registration number 1175118
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31, DECEM8ER 2023
During the 12-month period no fundraising events were held. The next fundraising event will take place in
lune 2024
CHARITY GOVERNANCE CODE
The trusteés have undertaken a review of current Amos Bursary prartice, mapped against the recommended
practice of the Charity Governance Code. The majority of the Amos Bursary prartices CDrre5pond with the
recommended prartices set out in the Code. A further governance review will be conducted in 2024, which
will consider any further alignment needed to adopt recommended practices of the Code.
CODE OF CONDUCT
A code of conduct is in place to cover the conduct and ethical behaviourexpected of the Am05 Bvrsary staff,
students and volunteer5. Behaviours are expected to uphold and enhance the reputation of the Amos
Rursary. Anyone working on behalf of the Amos Bursary must act in accordance with the Amos Bursary
policies on condurt and behaviour covering items such as conflitts of interest, equality. diversFty, and
inclusion, bullying and harassment.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for prepafing the Trustees, Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Acceptable
Accounting Practice).
The law applicable to chartties in England & Wales ￿qUireS the Trustees to prepare financial Statements for
each linancial year which give 3 "true and fair view- of the situation of the charity and of the incoming
resources and application of resources of the chartiy for that year.
In preparing these financlal statements the Trustees are ￿qUIred to-
5elett suitable accounting policies and then apply them COn￿StentIY
observe the methods and princlples in the Charities SORP
make judgements and estimates that are reasonable and prudent
state whether applicable accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements,. and
prepare the financial statements on the Èoin8 concern ba515 unless it is inappropriate to presume that
the charfty will continue to operate.
page 13

THE AM05 BURSARY
Charitable Incorporated O￿anIsatiOn Charity registration number 1175118
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31, DECEMBER 2023
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracv
at any time the financial position of the Charity and enable them to ensure that the accounts comply with
the Charities Act of 2011. the appropfiate Chartty IAccounts and Report51 Regulations and the provisions of
the Constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities
This Report was approved by the Trustee5 on 30 October 2024 and signed on their behalf by..
SARAH EBANJA
COLLEEN. A. AMOS
Chairof Trustees
Trustee ihd CEO
page 14

INDEPENDENT EXAMINER'5 REPORT TO THE TRu￿EE$ OF THE AMOS BURSARY
REPORT ON THE FINANCIAL STATEMENTS
I report to the trustees on my examination of the financial statements of The Am05 Bursary
I the charity I for the year ended 31, December 2023 which cumprise the Statement of
Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.
This report is made solely to the charity'5 trustees. as a body, in accordance with Section 145 of
the Charitie5 Act 2011. My work has been undertaken so that I might State to the charity's trustees
those matters l am required to state to them in this 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 charitvs trustees as a body, for my work, for this report. or for the opinions I have formed.
Responsibilities and basis of report
As the truslees of the charity you are responsible for the preparatlon of the financial statements
In accordance with the requirements of the Charities Act 20111 "the Act l.
I report in respect of my examination of the charity's financial statements carried out under
sertion 145 of the Act and in carying out my examination I have followed all the applicable
Direction5 given by the Charity Commi55ion under settion 14515llbl of the Act.
A5 permitted by Directive 2. issued by the Charity Comrni55ion, the firm for which I work has
provided the charity With bookkeeping seNices during the year ended 31, December 2023. As
consequence. I have followed the requirement of the FRC's Ethical Standard when undertaking
this assignment.
An independent examinatlon doe5 not involve gathering all the evidence that would be required
in an audit and consequently does not cover all the matters that an auditor con5ider5 giving
their opinion on thè financial statements. The planning and conduct of an audit goes beyond the
1Smited assurance that an independent examination can provide. Consequently l expre55 no
opinion as to whether the financlal Statements present a 'true and fair view and my report is
Ilmited to those specific matter5 Set out in the independent examinerfs statement.
Independent Examlner's StatemenL
Siace your charltable incorporated organisation'5 income exceeded £250,000, your examiner
must be a member of a body listed in settiorb 145 of the 2011 Act. I confirm that l am qualified to
undertake the examination because l am a member of ACCA which is gne of the listed bodies.
I have completed my examination. I conflrm that no material matters have come to my attentlon
in connection wlth the examination gNing me cause to believe that in any materlal respett-.
> Accounting records were not kept in respect of the charity as required by section
130 of the Act -. or
> the financial statements do not accord with those records; or
> the financlal statements do not comply with the appllcable requirements conceming
the form and content of accounts set out in the Charlties l Accounts and Reports I
Regulations 2008 other than any requlrement that the accounts 8ive a "true and fair.
view which is not a matter con5ideretl a5 part of an independent examination.
page 15

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OFTHE AMOS BURSARY
( continued I
I have no concerns and have come across no other matter5 in connection with the examination
to which attention should be drawn in this report in order to enable a proper understanding of
the financial statements to be reached.
Char
FCCA
Chartered Certified Accountant
Registered Auditor
ADOMAKO BASOAH & CO
45, Tindale Close
Sanderstead
South Croydon
Surrey. CR2 ORT
7Dllk
page 16

THE AMQS BURSARY
srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
Note
UnrestrictE Restricted Total
Total
2022
INCOMING RESOURCES
Charltable Actlvities
530,398
109,WO
639,398
933,792
Fund Ralsing
161,319
Investment income
21,196
541,594 109,000 650.594
1097 09S
RESOURCES EXPENDED
Expenditure on Raising Funds
Expendlture on Charitable Actlvities
Others
TOTAL RESOURCES USED
92,851
399,019
4.2.3
272,256
254,384
526,640
319,103 277459 596,562
535 323
Net income before investment gain5 in the year
222.491 1168,4591 54,032
561,772
INVESTMENT GAINS IN THE YEAR
NET INCOME FOR THE YEAR
222,491 (168,459) 54,032
561,772
BALANCE BROUGHT FOR WARD
BALANCE CARRIED FORWARD
1240,129 323,055 2￿63.184 152
There are no further recognised 8ains/ (losses) other than the 5urplus/ldeficitl for the above
financial years.
The notes on pages 20 to 27 form an Integral part of these financial statements.
page 17

THE AMOS BURSARY
8ALANCE SHEET AS AT 31 DECEM6ER 2023
Note
Total
2022
Unrestricied Restricted
Total
CURRENT ASSETS
Debtors
Bank and cash balar
37,607
2 214648
37.607
323,055 2.537,703
7.387
2.522,212
Total Current Assets
2,252.2S5
323,055 2.575,310
2.529,599
CREDITORS: Amounts falllng
due within ong yoar
TOTAL NET CURRENT ASSETS
2240 129
323 055 2 56J 184
2509152
TOTAL ASSETS LESS CURRENT
LIA81LITIES
2240 129
323 055 2 563 184
2 509152
FUNDS
Restricted Funds
Unre51ricted Fund5
323,055
323,055
2240 129
491,514
2 240 129
224072
323 055 2 563 f84
25091S2
The notes on page5 20 to 27 form an integral part of these financial statements.
These financial Statements were approved by the Trustees and authorised for issue on
20th October 2024and are signed on behalf of the Trustees bv .
Colleen Althea kn05
Trustee and CEO
Sarah Ebanja
Chair of Trustees
page 18

THE AMOS BURSARY
CASH FLOW5TATEMENT FOR THE YEAR ENDED 31, DECEM8ER 2023
RECONCILIATION OF OPERTAING INCOME TO NET CASH FLOW FROM OPERAMNG AcfiviTIES.
2023
2022
Net Income for the year
54,032
561,772
Returns on Investments
Net Operating Intome
42,836
559,788
Increase in Debtor5
-30,220
-385
Dècrease in Creditors
10667
Nei cash flow from operating Activitles
570 070
CASH FLOW STATEMENT
Net cash flow from operating Activities
4,295
570,070
Return un Investments
INCREASE IN CASH IN THE YEAR
572 054
RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS
Increase in Cash in the year
15,491
572.054
Net Cash balan￿ brought forward
1950 158
2 537 703
page 19

THE AMOS BURSARY
NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023
I. BASIS OF ACCOUNTING
1.1 The financial statements have been prepared in accordance with'Accountin8 and
Reporting by Charitles: Stgtement of Recommended Prartice applicable to Charities
p￿Paring their acc¢Junts in accDrdance with the Financial Reporting Standard applicable in
the UK and the Republic of Ireland l FRS 1021 I Second Edition I. and the charities Act 2011
and UK Generally Accepted Practice as it applie5 from I, January 2015.
The financial Statements have been prepared to give a "true and fair" view and have
departed from the Charities l Accounts and Reports l Regulation 2008 only to the extent
require¢J to provide a "tnje and tsir view". This departure has involved following
Accounting and Reporting by Charities - Statement of Recommended Practice applicable
to charfties preparing their accounts in accordance with the Financial Reporting
Standard appllcable in the UK and Republic of Ireland IFRS 1021 (Second Edition I" rather
than the Accounting and Reporting by Charities- Statement of Recommended
Practice effective from I, April 2￿5 which has since been withdrawn"
The financial statements have been prepared in accordan￿ with the accountlng polides
set out in Note 2 to these accounts, and in accordance wlth the goveming document of the
Charfty.
1.2 Thè Charity constitutes a public benefit entity as defined by FRS 102
1.3 No changes to accounting estimate5 have Occurred in the reporting year.
2. ACCOUNTING POLICIES.
INCOMING RESOURCES
2.1 Recognition of Income
Income are recognise(J and included in the Statement of Financial Activities I SOFA I
when:
The Charty becomes entrtled to the resources,.
It is rn0￿ likely than not that the trustees will receive the resource. and
The monetary value can be measured with sufficient reliability.
2.2 Offsetting
The￿ has been no offsetting of assets and liabiltties, or income and expenses,
unless ￿quired or permitted by the FRS 102 SORP or FRS 102
2.3 Grants and Donations
Grants and Donations are only included in the SOFA when the general income
recognition criteria as statetl above are met.
2.4 Legacies
Legades are included in the SOFA when ￿CeIpt is probable, that 15, when
there has been grant of probate, the Executor5 have established that there
are sufficient asset5 In the estate and any conditions attached to the legacy
are either within the control of the charity or have been met.
2.5 Tax Reclalm on Donations and Gifts
Gift Aid receivable is included in income when there 15 a valid declaratSon
from the donor. An¥ Gift Aid amount reco¥ered on a donation is considered to
page 20

THE AMOS BURSARY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, DECEMBER 202a
{Contlnued)
be part of that gift and is treated as an addition to the same fund a5 the initial
donation unless the donor or the terms of the appeal have 5￿cified
therwi5e.
2.6 Donated Goods
Donated goods are measured at fair value,( the amount for which the asset
could be exchanged l unless impractical to do so.
Goods donated for on%oing use by the Charity are fecogni5ed as tsngible ftxed
a55ets and included in the SOFA as incoming resources when receivable.
Gifts in kind for use by the Charity are included in the SOFA as income from
donations when receivable
2.7 Donated Ser¥lces and Facilities
D¢Jnatèd service5 and facilitie5 are included in the SOFA when received at the
value of the glft tD the charity provided the value of the gift can be measured
reliably.
2.8 Volunteer Help
The value of any voluntary help received is not included In the accounts.
2.9 Settlement of Insurance Claims
Insurance claims are only included in the SOFA when the general Income
cognitlon criteria a￿ mei and are included d5 an item of other income in
the SOFA.
2.10 Income from Interest, Ruyaltie5 and Dividends
This 15 included in the accounts when receipt15 probable and the amount
receivable can be measured reliablv.
2.11 Investment gain5 and losse5
This includes any realised or unrealised gains or1055es on the sale of
investments and any gain or loss resulting from revaluing investments to
market value at the end of the financial year.
APPUCATION OF RESOURCE&
2.12 Liabilty Recognition
Liabilities are Tecogni5ed where it is more likely than not that there is a legal
or constructive obligation committing the Charlty io pay out resource5 and
the amount of the obligation can be measured with reasonable certalnty.
2.13 Grants.
Grants and donations are accounted for when paid.
Z.14 Costs diredly relatrd to the work of the charfty.
Costs directly related to the work of the Charity are accounted for when due.
page 21

THE AMOS BURSARY
NOTES TO THE FINANCIAL 5fATEMENTS FOR THE YEAR ENDED 31, DECEMBER 2023
Icorttinuedl
OTHER ACCOUNTING POLICIES
2.15 Funds
un￿strICted funds represent funds which are expendable at the dlscretion of the Charitv
in the furtherance of its objects and which have not been desi8nated for other purposes.
Restricted fund5 can only be used for specified purpose5. The purpose of any restricted
fund is noted in the financial statements.
2.16 Goin8 Concern
At the time of approving the financial statèments, the trustees have a reasonable
expectation that the Charity has adequate resources to continue in operational existence
for the foreseeable future. Thus the trustees have therefore continued to adopt the
golng concern basis in preparing the Charity's financial statements.
2.17 Employment Benefits
The cost of any unused holiday entitlement is recognised in the year in which the
employee's services are received.
2.18 Taxation
In the opinion of the trustee5, the Charity is exempt from the United Kingdom Taxation
on it5 intoming resourtss for the year.
2.19 Accounting estimates and judgernents
In the application of thè Charity's accounting policies. the trustees are reqUI￿d to make
judgements, èstimates. and assumptions about carrying amount of assets and liabilities
that a￿ not readily apparent from other re50urce5. The estimates and associated
assumptions a￿ based on historic èxperience and other factors that are considered to
be relevant. Actual results may differ from these estimates.
The estimates and underlying as5umption5 are reviewed on an ongoing ba5l5. Revisions
to accounting estimates a￿ recogni5ed in the periDd in which the estimate is revised
where the revision affects only that period. or in the perlod of the revision and futu
periods where the revision affects both current and future periods.
2.20 Apportionment Of Costs Between Artivities
Governance and Other Costs are apportloned between Activitie51 Charitable and
Expenditure to raise funds l on the basi5 of each artivity's income in the year in relation to
each other. This policy excludes any exceptional and non-recurring Items.
2.21 Financlal Instruments
The Charlty only has flnancial assets and liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transactlon value and
subsequently measured at their settlement value.
page 22

THE AMOS BURSARY
NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023
I continued I
3 INCOMING RESOURCES
3.1 CharitablÈ Activitles In¢ome
Unrestricted Restricted TOTAL
Funds
Funds
2023
unrestrictet5
Fund
Donab"ons and Sponsorships
109 000 6393
843 792
32 Fund Ralslng
&3 Invostmont Income
Bank Intsrest
161319
11.196
11,196
4 RESOURCES EXPENDED
4.1 EXPENDITURE ON RAISING FUNDS
4.1.1
DIRECT SPENDING
Salaries
Ernployer National Insurance Contribution
E￿￿0Yer Pension Contributions
Events
Othors
23,211
1,905
1.409
38.¢J60
518
4.1.2
Governan￿ Costs
Audit F*s
Indèpendenl Examination f99$
Accountancy Fees
Consultancy Foes
618
840
16977
4.1.3 othgr Cosls
Telephone
Post. Print and Stationery
Markeknng
Events
Insuranc&
Travelling Expense5
Training
Sundry expenses
152
361
2665
103
2674
17
4.14 SUMMARY OF EXPENDITURE ON RAISING FUNDS
Direct SpendiThJ
Support for raislng funds
Governance
Other5
65103
16977
107
P8ge 23

THE AMOS BURSARY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, DECEMBER 2023
I continued I
un￿StrICted Reslrtt8d TOTAL
Funds
Funds
Fund
2023
unrestricted
Fund
4.2 EXPENDITURE ON CHARITABLE ACTlVtriES
4.2.1
DIRECT SPENDING
Student Bursary and Training
Wages and S8lari8S
Employer NalM)nal Insurance
Employer Pension Contributions
36,167
97.357
8,567
62,800
67,913
4.220
272
98.967
165.270
12.787
28600
85623
8620
6373
148735
138205
286 940
129216
4.2.2.1
SUPPORT FOR CHARITABLE
ACTIVITIES
Govomanc• costs
Auditors Fees
Indep8ndenl ExamInat￿n fves
Accountancy Fees
Consultancy Fees
Bank Charg8S
4.2.2.2
2,814
3.891
94,276
259
1,386
1,917
75,297
127
4,2(M)
5,808
169,573
50815
78727
179961
57409
4.2.2.3
oth•rs
Computer Support
Telephone
P05t. Print and Stationery
Marketir
Events
Insurance
Others
301
793
5,535
9.953
2,214
815
149
391
2,726
4,902
27,567
402
315
37452
450
1,184
8,261
14,855
29,781
1.217
2085
689
1633
12059
31697
4882T
4.2.3
SUMMARY OF EXPENDITURE ON CHARITABLE AcTIV￿lEs
Direct SperKJir¥J
148.735
138.205 286.940
Support for charitable artivftles
Govemance
Others
129.216
101,240
78.727
1 37452
179.967
59 733
57,409
48.627
235 252
4.3 OTHERS
Travelling Expenses
Training
Commi$55on and Fees
Sundry expenses
40,679
482
769
20,036
238
379
80.715
720
1.148
18.095
12,098
1,917
075
page 24

THE AMOS BURSARY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023
(Continued)
DEBTORS
2022
unrestricted
unrestricted
Sundry Debtors
Basic financial asset5, including other debtot5 and prepayments are initially recognised at
transaction price. unless the arrangement constitutes a financing transartion, where the
transattion is measured at the present value of the future receipts discounted at a market rate
of interest. Such assets are subsequently carried at amortised c05t Using the effective Inte￿St
method, less any irrspairment.
BANK AND CASH 8ALAP4CES
Restricted
2022
Totsl
Unrestricted
Total
Natwest Accounts
537 703
Cash and cash equivalent includes cash in hand, deposits held at call Vdith banks, other short-
term liquid investments with original maturities of th￿e months or less, and bank overdrafts.
Bank overdrnfts a￿ shown within iM)rrowing5 in current liabilities.
2 522 212
CREDITORS: Amount5 falling due wtthin one yèar
2022
Unrestritted
Unre5trirted
Sundry Credftor5
Basic financial liabilities, including trade and other creditors, loans from third parties and loans
from related parties are instially recogn15ed at transaction price, unless the arrangement
constrtutes a financing transartion, where the debt instrument 15 measured at the present value
of the futu￿ payments discounted at a market rate of interest. Such instruments are
5ubsequentty carried at amortised c05t usin8 the effective interest method, les5 any impaiment.
FUNDS
RESTRicfED FUNDS
Balan￿ Brought Forward
Intoming Resources
Resources Expended
Balar￿ Carried Forward.
2,022
574,842
yo,￿0
-173 328
491,514
109,000
-277 459
491514
UNRESTRicfED FUNDS
Balance Brought Forward
Inwming Resources
ReSoUr￿S Expended
Balance Carried Forwar(I
Unrestrlcted funds represent funds whlch are expendable at the dISc￿tion of
furtherance of its ubjects and which have not been desigftated for other
2,017,638
541,594
-319 103
1,372.538
1,007,09S
-361995
2 017 638
page 25

THE AMOS BURSARY
NOTES TO TFIE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, DECEMBER 2023
Icontlnuedl
DETAILED RESTRICTED FUNDS
8alance Receipts Expend@d
B/fwd
In the
in the
Totsl
carried
forward
2023
Total
carried
forward
2022
vear
year
The"Girls' Pfoject
474.914
Under Graduate Work 6,000
AB Conference
Public Speaking
Leadership Project
-163,459
44.0(X) 49,OQ
IS,000 -1S,CK)O
10,600 30,0(M) -30,000
20 LX)0 -20 000
311,455
1,000
474.914
6,000
10,6
10,600
491514 109000 -277459 323055
io
DETAILS OF CERTAIN ITEMS OF EXPENDITIJRE
un￿$t￿tted
Restricted
Total
2023
Total
2022
Audit Fees
Independent Examination
Accountancy charge5
4,2(X)
2.814
1.386
4.200
808
li
PAID EMPLOYEES
Unrestricted
Restricted
Total
2023
Total
2022
11.1
Salaries and Wages
Employers Pension ContrSbution
Employers National Insurance
97,357
6,644
67,913
3,272
165.270
9.916
157,856
9.580
112
187 973
180 393
Averdge number of employee5
11.3
Number of employees receiving total benefits
(excluding employer pension costs) for the year
£60,c￿ to £69,999
12
POST BALANCE 5HEEf EVENTS
There are no post balance sheet events requlrlng dlsclosure.
page 26

THE AMOS BURSARY
NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 31. DECEMBER 2023
(Continued)
13
RELATED PARTY TRANSACTIONS
TRUSTEES REMUNERATIONS AND BEIIEFITS
i?.1
NAME
LEGAL
Remuneration
AUTHORITY
Penslon
Redundancy
Others
TOTAL
Colleen
Althea
Am05
Governing
document
£64,140 £3,848
NIL
MIL
NIL
£67,988
13.2
2023
2022
Average Number of Trustees recelving Salary and
Remuneration
13.3
TRANSAcfioN WITH RELATED PARTIES
NAME
RELATION
SHIPTO
THE
CHARITY
DESCRIPTIO
NOF
TRANSACTI
ON
AMOUNT BALANCE
ATYEAR
ENO
Colleen
Althea
Amos
Trustee
Salary
£64.140
NIL
13.4
There were no fvrture related party tra[￿ctionS during the year.
14. RESERVE POLICY
A balance is retained in the general fund to meet unanticipatsd expenditure and
programmed work that can not be funded from a single year's budget.
The Trustees endeavour to maintain sufficient Re5eNe5 tD ensure that the Charity is on a
'going concem" basis at all times.
The Charity's General Fund (Unrestricted fund) balan￿ at the end of the year was £2.240,129
Our reserves pollcy is to ensure 8vailable sufficlent resources to enable the charity to provide
its servSces and programmes over the longer term.
The Board is aware that demand for its servic&s may vary from year to yeor. and
is mindful of the need to provide a secure and consistent approach over the lon8er temi.
15 Volunteer Contribution
The Charity is heavily reliant on volunteers who contribute their skills, time, and
their resources in the furtherance of the work of the charity. Principally, this
contribution is by serving on committees of the Charity that deal with finance, poliry
grants, trainin& developments. etc.
rhe contribution of volunteers is not inclutled within the income of the Charity.
The trustee5 are grateful to all of them for their help and Commitment.
page 27