Charlty roglstratlon number: 1186582 HARTSWOOD TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
HARTSWOOD TRUST CONTENT8 Pag• Reference and •dmlnlstratlvod¢lall• olth• Charlty, Its Tiu•t••• advl•or• Truste. Teport IndepW r•port Statom•nt of flnanclal actlvltl•• 8*linco •h•o1 Not¢• to th• fina1•1 •t•toffl•nt• 8-17
HARTSWOOD TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 K Sutsri8 S LGarr•tt S Sutaria M J Haynas Ch4rlty wl•ternd ftumbèr 1188582 Ragl•t•r•d offi MHA 8th Floor 2 London INall Place London EC2Y SAU Indwx*nd•nl oxamln•r MHA Chart•r•d A¢¢ountants 2 London Wall Plac• London EC2Y SAU Inve•tment m•n4g•r 8¢hrod•r a Co. Llmtt•d 1 London Wall Place London EC2Y SAU Pag• 7
HARTSWOOD TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Th• TruBtee$ Present thalr annual r•port t0ph91 wllh th• In8n¢ial stalemènts of Ihe Chartty for the year 1 Aprfl 20r2 to 31 March 2023. Th Trusto0s hav¢ adopt¢d th¢ provbions of the Statement of Recommended Practic• ISORPI 'Accounting 8nd Réporting by Charlt18s' IFRS 1021 In pr¢pefing the annual rop¢rt and finaneiel ststèrnts of tha Chority. a. Owts. purpow •Trd publlc •111 The Charrty was 8sl&blish•d 26 Novfjmbfjr 2019 und•r Its TN$t Dèed. a$ a Chafftèblè Incorporated Organisation, lo furth•r $u¢h purpos•$ whi¢h m•y bo ¢horrtabkn accordlng to the IDW of England 4nd Wales as the Truste8s seè fit In s•tUng obla¢tfr •nd plannlng for currènt and fubjrn aethtties. the TruBt8es have gblffjn due con8Ed8rntion lo general guldance pub115hed by the Charity Commi8ston rel8ttng to publlc b•n•fii In¢ludlng th• gufjdan 'Publl¢ b•n8fft'. runnlng a charity IP82y. AJI artlvittes haw b••n und•rtak•n to furthèr the Ch•iW$ purptsBe as por Ot8 govarnlng documant and forth• publlc bonoft b. M41Tr •¢tMtl•• und•rtal(•n to furtherth• Chailty'• puvpo•e• for the publlc bonefft Th• maln Actfvltt•s undèrtaken In relatton tr) the purposts of the Charty. as por tts goveming documonl. aro tho¥e ol grant makkng. in particular supportlng charttles whos• Irk has a d•monstr4bl& b8n8fft to th• ¢nvlronmont. The Charty und8rtak•s a Pr04ct approach to grant making, and unrestrictod grants 8r• off•r•d to select organlsattons vthoso artwiti•s allgn wlth thk loeus. Th¢ Chathy monrtors th• b•n•fl¢larf•$ of grnnl8 tts gnsuro th91 fijnds ar& spont in Ilne wlth Its charitable object. Includlng. but not Imtt•d to, •tK monthty r•vl•ws and annual reports on th• u8• of lunds and Pfogr•88 In th•lr f8SP•CtiV8 8r8a$. A¢h1ments and p•rfomi•nc• 4. Ilaln 4¢hl•veffl•th ofthe Ch•rlty FollowAng the establiBhm•nt of th• expend8bl• •nd¢)vm•nl In th• podod to 31 M•r¢h 2021, th• Trust$ have formulated a grnnt m•klng and havo rnsèarehgd •pproprr•t• l$$u$ and rJrgonl$atlons for thoir grant making. Durfng the year, grants totslllno £200,000 Vrts mado to tha fo11thn9 Insbtuknons: ClientEarth - CltantEarth us•s th& powgr of thè law to eombal dimal? ch?ngg and poll¢rtlon. s•¢ur• p•oph8' ¢nvlronmentsl rfghts and pmteci and restore habitats. wldlife ond natural Tesources. Blue Venlures Blu• V•nturès hèlps coastal commvnttlè8 to ¢stabll$h l¢xalty managed marln• areas Ihat improvg ¢ol¢h and Increase in¢ome6 whi15t a150 con5ewving coastsl ec06yStoms. +4mazon Watch - Arnazon Watch works lo preserv• th• Amazon r•lnthst •nd ath4ft th• dghts of Indlpnovs p•oths In th• Amazon Basln. Furth•r dots11$ ¢an btr found in Note 7 to the accounts. Page 2
HARTSWOOD TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Fln•n¢lal rnvl¢w . Golng ¢onc•rn After maklng •pproprfate enquiries, th? Trustèes have a r•8sonable expectatltsn Ihat the Charity has adeqvate T•sources to confjnue in operatronal exlBlvJnce for the for•sttabl8 fiJtUTe. For th1$ r•ason, th•y eontinufr tr> adopt tha going concem ba$ls In prtsparing th8 fin8nclal sts¢&m•nl$. Furth&r detai15 regardlng thg adoption of thè aolng COnM ba81s ¢an b8 found In th• a¢¢ounlkng polic1. b. Ru•rvu polky The 1PrS pow of th• Charty li ¢urrèndy b•lng f0md basad on the plann¢d ¢hAr#•bl• 8ctTriib88 in futur• periodo. Thfr Tru8ts•$ wlll aYS r•t8ln iufflclent rfj80rv to ¢ovgr •ny 8xpen508 frr th• folbwlng year. Th• Endowment fvnd Is pandabl8 In n8tura. 8nd 18 considered to Conslst of tha value of the Investrnent$, Includlng th• caprtal bank account but èxcludlng incom• account balan¢•8. Wh•ro n8c•s88ry, funds are transf•ffed to tho Unrestricted fvnd to 8UPPOrtth• eh8ritabl• a¢tMI•8. At th• p•rtod •nd, th• Ch•rty held total fvnd$ 01£5,398,331, b•lng •xp•ndabl• •ndowmont fvnds of £5,377.105 and rastet•d g•n•r•l funds of£21,228. c. Fln4n¢l•l rnvlvw Durkny th• •T, th• Charty r•c••d total Sn¢om• of £79,622 from InvlmOnt holdlngs. A furth•r •ndovan•nt donafjon of£600,000 was also r0d by the Chartty. Total exp•ndliuro for th• p8rlod wa8 £280.669. Of thls Inv•sbm•nt m•nogam•nt ¢osts totsll•d £38,567, grnnt yfflants totamod £200.000 and oth•r $upport ¢o•ts totsll•d £42,102. Durfng the year, the Chaws invt$kn•nts r•cord•d 4 r•valuatlon lo$8 of £80,261, r•suRlng In ov•r811 n•t Incom• •ft•r knv•stThnt g8ln$ and Iw$•$ of£318.892. In order to $upport the grant maklng aCtfvaj of tha Twtyt th Trusto¢s voted to rmke 8 tran$f•r from the •xp•ndAbl8 endowmont of £150,000. d. Fthm plan• Th& Truste85 are plannlng an nstment 01 £200.000 In the condu E18 Impact Fund wlthln tho next •r. Thls will crèats a dersified portlollo of 4 to 7 >uslness68. which a support•d by Hartswood. wtsre the alm Is to benefft of th• Clm•ts and th• EnylronmenL Slruthrn. gov•rn•nc• and manag¢m•nt a. ConslltutloR Hartswood Trust is a regl$tsr•d Charitable Incorpor8t8d Organlsation. number 1188582. and18 constibjted und•r a Trust deed. Pag• 3
HARTSWOOD TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Th• management of th• Ctwlty Is th? responsibhty ol th• T$t$ are elocknd and C•wOPted under th• tsM of the Trust da•d. c. FInancI rl•k m•thagwn•nt The Truste8s 4ssoss¢d the major to thl¢h th¢ cha is •XPOS8d. in rIUr tho$• r•lat•d to the opeTatK>ns and finar1 ol tho Chwty. and •rfj sabsfiod that syste and WOLdurns ar• In to mMgal• •xpo$ure to thtr Thwior rlsks. Th• Trust•¢s are responbI• preparing the Trust••s' T•port and th• fln•nd•l statements tn aOrdanC¥ wth appfThblo law and Untt¢d Kr'ngdom Accounkng IUnA•d Klngdom G8neraUy Ac¢•pted AccounThg Pr•cJe•l Th• law •ppliL¥bkn to c•rts¥ Engknd & Wal•s rnquThs th• Tfurt•o• to prepw• f•1•1 •l•tm•nts for •4¢h financial y•ar, a tru• and fatr 4¥ ol th• 8tat• of affays of th• Ch•fty •nd o16ts Incoming r•sour¢•s and applulion ol rOure. Includg ll5 and •xp8ftdllur•, lor that period. In PT•parlng thos• ffln•n¢l•l statenxnty th• TnMte•s •[• roqubrnd to: sel•ct suit4bl• i¢counlin9 poIKies •nd then appty thom consistsntty.. Obs¥• th• m•thods and principlas ofth• Ch•nJ•s SORP IFRS 1021.. k• judgffts and IUnting estim•tes thjt •r reasonabkn and prudent •tst• vth•th•r appll¢•blo UK Accountwig Standards IFRS 1ff2) Iwv• b••n for•Md. suty•dto •ny m4tsrlal departur•s disclos•d •rKI •xWined in the financial stat•nnts: WtrP8re the lkn•ncial st•t•m•nts on th• go¥vJ con¢xm b1 wil8u It Is Inappmprtth to w•sum• th•t th• Th• Tnt¢¢s are responb for keep9 prop•r accounling r•¢ords th•t ar• sufficae to 8h(yw and •xplaln tha Chartys transadons and disd05e lIh r•ason8bh accuracy at any timtr the finanaal pDsiUon of the Ch8rlty •nd enab them lo •n$ure that tha flnancial ststèm•nts the Charltlgs Ad 2011. the Chanty (Accounts and Reptsrtsl Regulatk•ns 2008 and tho provisK>ns olthe Trust deed. Thèy #re abo responsibla for safegu•rding tht assets of th¥ Cholty #nd h•nc• for t•long r•ason•bh sttys the and dgt•¢llon ol fraud and oth•r irrngular#l•& Approv•d by orderofth• Thimb•rs olth• board olTnJst••s and s*•d on thr haff by.. K Sutsrl• Trustee Page 4
INDEPENDENT EXAMINERE REPORT
FOR THE YEAR ENDED 31 MARCH 2023
I r•port to th• charly Tnth on my exAm¥wkn of th• I¢ts of the Charity for the year ondod 31 March
2023.
Re•pon¥lbllltl•¥ #nd ba•1• of r•yt
As tho Twstees ol th• Ch•rty arg rgsFrfxMiblo for Ihe preparntkn of th• •ccounts in wlth th•
r•qulwn•nts olthe Charttkn AL 20111kn• 2011 Att).
I report in r¢sp•¢t ol my examinetk>n of th• Ch$rit3 accounts carried out undtr s•thn 145 01th• 2011 Act and
In Carrn9 out my •x•mlnation l 101kn14Yd th• appk4trA• Dlradiorrt ty the Chlrty Commissk)n und
8•ctton 145(5llbl of the 2011 *
Your att8ntbn Is to th¥ lacl that Ihe Charmy has praparod th• accounts in 8¢Mance wlth A¢¢ounUng and
Roporlng by Charttt•s.' Statement ol R•comm8nded Pra¢ake applirabkn to ¢h•rlli•s prepirbng th•tr a¢¢tsunts In
accordance V+th the Flnandal R•porb'ng Stsnd•rd applbI in th• UK and Republlc ol Ir•laTrd IFRS 1021 In
pr4f•r•nu to th• AuntIng ènd Roporting by Chorths". Ststernont of R•commended Prndk• on 1 Aprfl
2005 which Is r•f•Thed to in th• èthTht ragulations has bew Ithdr¥.
l und•rnland that th& IAS been done In order for th• wurts to prnvd• a Iruo and f•tr VI In acctsrdanc4 wlth
the Gon•rnltyA¢c4•d ¢ntIng Pr•rlk• •ff•th• Ayrnpothg pgrfods beglnnlNJ on or •ft•r 1 JuIry 2015.
I h4 compht•d ny •x•minatK>n. I confffii that no mattw5 hm c
HARTSWOOD TRUST STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 31 MARCH 2023 ftEnds 2023 funds 2023 funds 2023 fvnds 2022 Donation$ InstrnèThts fjoo.000 79.622 312 46.078 T¢)tsl Incorne and endovfflnts EXP1re on: Raising funds Charitable 8thibes 79,622 600mO 679.622 46.390 2,910 239.192 41ATI 239,192 117.875 Total expendlture Nèt lexpendlture)fincomo boft>re net Uosse8ygalns ¢)n Investments 242,102 38.567 280,e69 1T4,429 1162A80) 561833 398.953 (12a¢139) 28Q35T Net {lossesygaln$ on inv•slmènls 1802611 {80381) Net (expendituylneoM8 Trnnsfers bèfr•v¢en fvnds (162,4801 150,OIX) 481.172 1150MKII 318.692 160.318 13 Nat movement In fvnds Reeonclllatlon of fvnd8: Total ffijrtds broughtfohvard Net movemgnt In fvnds 112A80) 331.172 318.692 160,3t8 33.708 112J801 S,IMS.933 5.079.639 331.172 314692 4.919.321 160.318 Totsl carrled fomrd 21.226 SA77,105 5,398J31 079.639 The Stat•mwrt of financial a¢tfvOknes includes all gains and losses recognlsed In the year. AJI income and •xpendibJre delive from continuing actNiti8$. Th¢ notes on pag8s 8t0 17 form part ofthests Ilnancial stateThnl$. Page 8
HARTSWOOD TRUST BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Flxed •8gets Investments 10 4M47,$38 4,672,405 4N7,&18 4.67Z405 Currnnt a•Mt• D¢blo Cash at bank and in hand 11 688,763 516.994 008,783 524.494 Crlditorn: •mount$ tsufing due wlthth onè y••r 12 115.9701 (117.260) J80,793 407.234 Tot•1 n•t a••ts SM98,331 5,079,839 Charlty fund• Endry•vm•nt fund8 Unrestrlrtgd fvnd8 13 13 6PTI.106 328 5.04&933 33. 706 Tot•1 fvnd• BP98,331 5.079.839 The ffn•nd•l 8tatsm•nts w•r• approvad and authorl$•d for S$$u& by th• Tru8ts•s and sigft•d on th•lr boh•lf by.. Trustee Th not•s on pages 8 to 17 frmi part olthese finan¢kg1 statsments. Page 7
NOTES TO ThE FINANCIAL sTATENTs
FOR THE YEAR ENDED 31 MARCH 2023
The Harts¥tsd Trust b a registered CharitalAe Ineory>oral•d 0ry•nIts•ts (Ch0Y reglstered number
11885821 wth the Charity Corrmi1tin in Engkgnd and Wales.
Th• •ddr•s8 of th• rogtstwed oface IB g11 in th• Ch•ffty thf
HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 PIARCH >)23 PQutIng polkl•• {¢¢)n1lnu> 2A EXPdIrn Expendituro * r•Cogn onc¢ thr• Ss 8 legal or ¢MsInr obligati'on to tsansftr o¢onoml¢ b•n¢fft lo a third poty. * 18 probable that a transf•r ol ¢Tr)M bffts fjll be required in sewement and the arnount oltlw obl¥ation can be m••$ur•d relobly. Eyndliur• Is dassified by athty. The costs of 08ch a(vity mad• up of th• tot41 of dired >sts and shafvd costs, kncluding support costs inM)14d Iri undeFtskuig each 8cW. Dtr•( u>sts altributsbkn to a slngh athty •r• alloeatsd dlreclly to that actrlty. Sharad costs ¥•thh ¢ontribul• to mor• than one and support costs vtht¢h •r8 not attslbuiabla to • swlg ac4#y •r• aPportj betell th• 4Gtfvrti on a b8$ ei>nsistant th• ofr•soure•& ExpendRurn on rthd•• al •xp•nd6bJrn incrred by th• Chwlty to IlJnd8 for Expendtturtr ¢)n ¢haritfjb actvths b Ir[r0d on dlr•¢ty und•rtaklrg tho •Llith whl¢h furth•r th• Charty8 obJ•¢ts¥4•8, as well any as•od•tsd support ¢osts. Grnnts pfjyablo are ¢h•r9 In th• yr lthen the offDr is nwde •x¢W In those ctses vthero the off•r Is eonditKJnal grants b•tsw rryeogn •$ POndre then th• rlIb)n8 attaching ar• fulfdl•d. Grnnts offw•d $ubJ'•ct to condltk)n8 ho nrA b•on mot atth• yur •rKI •rg notsd #s coffttnitmont. bul not 8¢uuad as •xponditur•. All exp•nd6tur• Is Industrn ol Irr•co¥r•blo VAT. Fp¢ed ss•t Invaslrn•nts are a fomi of fman(aal instrurn•nt gnd or¥ InltiBlly recognlsed at th•lr tr•nsa(knn cost and subs•qu•nty m••sur•d •t f• at th• Balun¢• $he¢t date. unless thè v•lu• ¢•nnot b8 m•asured r?bty In vthi< rt 1$ m••surnd at C05t le55 imp•lmi•nt Investment galns and loss. vthether reall or unT•aUs•d, •re rrAnad and pros•nt•d as 'GaInL05st5} on InstrneTrts, kn the Ststemènt of fin8n(¥81 adi41t1. As arn rovalu•d conllnuousty to fair valu•, M rn•lh¢d ylrffj or kMe# l¥•. ' Tr•d• and othw debtss •re recognmd at th• arnunt aft•r any tr•d• dlKount Offd. 2.7 Ca•h and In h•r Cash at b•nk in hand includes ¢ash and short4emi highty Ikiuhl inNtstments short rnturlty of three Trnnths or less from the d•t• OfaUl51110n or openvig 01 tho depostt or SIMOr •ceourt Ll8biNttes are recognts¢d th•re ts an obSg•lbn al the Balance sh•trt datè as • result of • past e¥enL Is probab that a tra11[ of ecorw)mK beneffl *ll be required settlèff•n( and the amounl abthbos are recogntsed at the amount that Ihe c[ty anlicipates tt v•fil ptyy tr> settla the debt or thtr amount it has receNed as 8dvanced paymgnts fi)r the or Servi it rnust provid8.
HARLSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlrvd pollcles Icontlnuod) 2.9 Financlal Instruments The ChaTity only holds basic financial instnjments. Th• finan¢lal as$&ts and finan¢lal kb1195 of the Charity are as ft)Ilows: Fi¥¥(l asset inveslments - are classifiad as a bosir financial instruThKnt and are rnea5ured at fair value as detaited in Not8 10. Cash at bank- Is clas51fd as a bastc financial instmrrnt is measured at face valuè. Lbe6 - accruals and other CrOr$ are classiffied as financial instrum$nts and are measured at arrtised ¢ost as detsiled tn Note 12. 2.10 Futtd #ecounling General fvnds are uftrestrk#¢d funds are awailablè for u$0 at the di5cretton of the Truste9$ 41 furtherancè of th¢ g)eral 0b1edTr of th• Chailty and which have not been d$sn&t8 for other purposès. Expendable End0yent fvnds r¢pre$ent those assèts whlch must be held pennanentty by the Charity but ean bè applred on charitable aebvitrgs at the discretion of the Trustèe& InLX)rne arising on the endowThnt funds can be used in accordance the objects of thè Chanty and is indled ift unrestrictgd Income. Investm&t)t man89gmgnt costs are deducted dlrècuy from the endowment fund. Investhknt in(#)m, galns and losses are allocated to the appropriat• fuThJ. Income from donat*)ns Unr&strl¢ted Endowment fvnd$ funds 2023 2023 Total fund# 2023 Donatlons 600,000 600.000 Unrnstrld•d fvnd 2022 fvnds 2022 Donations 312 312 Pago 10
HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Invostnnt Incon T(al funds 2023 nds funds 2022 Divid8nd incoma Interest incom8 79.059 547 531 Totsl 2023 79. 46.078 . 2022 46.078 46,078 Co¥t of rai¥ing fund¥ Totsl funds 2023 nds 2023 funds 2023 Investment Thmnagement fees Support ¢ost allocation 38.567 2,910 2.910 2,910 41.477 unrest EndowTh6nl funds funds 2022 2022 Tot funds 2LY22 Investment managementfe¢s Support eost allocation 51.724 51.724 4.0 51.724 Page11
HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analy$l¥ of expendltsre on chlrltable activitles GrAnt funding ot actte6 2023 Support Total fijnds 2023 2023 Charttablè acYviti&s 200.000 39,192 239.192 funding ol actiwti 2022 2022 2022 Charitable athiti•s 104LK 12.875 117.875 FUrtr details on grants pald In the yaarn be found in Note 7 to the accounts. FUrtr dètails on support costs incuffed in Ihe year Can bo fr•und In Note 8 to the accrJJnts. Page 12
HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Grants pald to Instituon• 31 March 2023 31 Al8 2022 Dls¥stefs Emergency Committe8 Blue Vèrrtur•$ ClttintEarlh 50.000 100,000 Totsl grnnts pld 200.000 105.t Anotysls of8upwl ¢osts 31 MaY¢h 2023 31Ma 2022 Professional feos Vrfebstte costs Govemanc¢ ¢osts- Independent exarniners fee5 Membership and subscript5 Legal costs Accountancy eosts Interest and Charges 7.400 820 3.570 3.600 300 2,450 1,920 1.470 4.620 25 41102 17.705 The Chaiity has no employee5 arHI th& Trustee5 are considered to b8 th• Key Management P&rsonMI. Durfngthe year. no Trust¢¢s rgceNed any r¥mun¢r4don or other benefits (2tr22- £NILI. During the y•ar ended 31 March 2023, no Trnste8 exp8nse5 hav8 baen inryjrred (2022- NIL). Pao•13
HARTSWOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. FIX 4s••t Inv¢¥¢ments Llst8d Cost or valuatlon At 1 April 2tr Additions Disposal$ Revaluations 4672J05 1040.148 11W.754) 180.261) At 31 March 2023 WT,538 Net book vAIu• At 31 March 2023 4WA38 At 31 Matth 2022 al.672.405 11. Debtor8 2023 2022 Due wlthln one year Pfftpayrnts 7, 12. CTedltors: An¥)unts falllng du¢ wtthln one ye•r 2022 Oth•r ¢red6torB Accruals Grants accrued- insltulional IT.260 100.000 15,970 117.260 Page 14
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Balance at Trnsfors Galnsl 31 March ILossos) 2023 Balaftce at 1 General fund5 79.622 1241102) 150.1)crfI 21.226 8nd¢Mrnnt fund s.0453 eOOIW 138.56n {1&),OOD) 180261) 5ATI.105 Total of tsnds 5.079W9 679&22 (2W,w) 1803611 5J98J31 During the year to 31 2W21, an &¥Pb endortt was donated to the Ch¥rty. Th• endthThnt donalion consi5W of ca1 and seryjrth. of were transferred into the ft%ed •s$•t investrnent accounts of Hartth¥orA Tnjst The EndTht fvnd ts expendabk in nabjre, and is Cons[de to consist of the NBlue ofth ft<ed asset in4Estments. indudiNJ eamal bank a(xounts. b uding the incom¢ 8ecounts. as incomè 9eneratsd on 8ndulnent may be used for thè Charitys general objèets. Durirvj the uJThent r, an additional endryhTrnt donatM)n of£600.000 wa5 made to thè Chaiity. furthèr d8tails of Ixn be tsind Note 15 to the accounts. Where necessary. fvnds ill be transleThed ID the unrn¥trKed fund to support the Chartys athities and. in the ¢urn¥nt year, £150.000 was trartstsffed into the unrestTKapd ftds ofthe Charity for such uso. Palle15
NOTES TO THE FINANCIAL STATE•ilT8 FOR THE YEAR ENDED 31 MARCH a)23 13. Stsl•nwnl of fvnd• (¢¢ndnued) •at 31 March 2022 Inthrt (Losses) ftd• G8n•rnl fvnds 10.0 (122705) 317C Endtym•nt fvnd• ExpdAbl8 •ndo¥fWrt fund 4.9.3 151.724) (1(.() 2M357 4045,933 Totsl ol fund• 4.919.321 (174.429) 288.357 4079,639 fund• 2023 fvnd• 2023 nd• 2023 4,847.S38 4847.536 529,567 500.n3 {15,9701 Current ass Crndrto due wlthin on• y 37.198 115,970) Total 21.228 5.377,105 SJg8J31 Page 16
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2023 Tof&l fvnds 2Lr22 2W22 4.672.405 373,528 4.672.405 524,494 (117.260) Currènt assets Cr•ditors due With one ye 150.966 (117.260) 33.7 5.014933 079.639 During the year. an expendabk endvment dOnaD of£60D,I)W12Wf2: £NII vms donated tothe Ch•nty by K Sutaria, a Tn olthe Charity. Goods a1 ser¥w a t(rtal ¢ost of £1.320 dso pahl on behal ofthe Chardy by K Sutsro. Th¢ valuè of th8se goods and seryice5 has b recogni5 as an (Xher Creditor atthe yaar4nd. Other Creditorwll be pgMI n full in the ant0a1 year. Unrestri(ed donatron$ towiftg £Nil recep*d Irom the Tnth th the yoar (3)22: £3121