COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE (A Charltable Incorporat8d Organlsationl ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Charity No. 1198974 COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE CONTENTS Page LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES. REPORT TRUSTEES, sTATEmE￿r OF RESPONSIBILITIES REPORT OF THE INDEPENDENT EXAMINER STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET ACCOUNTING POLICIES 10 NOTES TO THE FINANCIAL STATEMENTS 12 COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE LEGAL AND ADMINISTRATIVE INFORMATION Trustees F J Bentley T J O'Brien S Pa￿Eng L Storer (resigned 13 DeCem￿r 2023) J Slrlnger (appr￿111￿￿ 13 DeGember 2023) G D Shirley Regl8lerod Offlce: 84 Spencer StreeL Bimilngham. B18 6DS Bankers: Natwest Markets Plc, 36 Sl Andrew Square. Edinburph EH2 2Y8 Charlty Reglstratlon Number 1198974 Indepèndènt Examln•r. Malcolm Winslon Partner UHY Hackar Young (Blrnlngham) LLP, 9- 11 Vittorfa Slreel, BlrmlrNJham, B1 3ND COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Trustees present their annual rewwl tog8ther the financial statements and examiner's report of the charliaN8 organisat￿n for the year ended 30 June 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution The Charity is a charitable IrM))rw)rat￿I Organisa￿n (CIO) V￿th no share capltal (Registration Numbgr.. 1198974) and is an exempl charity. The truslees of CHIP are also th8 Irustees of IhÈ ch8rlty for the purFK)ses of tharily law. The CIO Is known as CHIP and is a corporate body wth Ilmited IlabilitSes. Th6 Charlly Wds r8gislered by the Charity CcKnmi8sion in May 2022 and Is govemed by a ConS￿lUtion document dat8d 16 May 2022. As set out in Il's Constitutlon, CHIP is govemed by a Board of TnJstees. The Trustees, of whom there are currently 5, are elected for an Inltsal period of three years. Details of the Iruslees who servgd during the year are included In the Roference aThJ Administrative Details on page 1. OBJECTIVES AND ACTIVITIES Public Benefit A review ol CHIP'S activili&s during the y88r en(led 30 Jun8 2024 Is presented below. The Trustees a￿ $atisfTed Ih8t the88 activities both meet tha required public bgnefit tesl and are in line with the Charity's obl•cfives- outrined bekMI' The promollon of, assisting In th8 provlsion of. vocational skllls tralnlng 8nd appr8nliceshlFlS,' and Thg relief of unemploymont for the benefil of the publlc IndudlThJ assls18nc& and support lo flnd employment especlally amoThJ people who are disadvantag8d duo lo finandal hardshlp, dl8abilily,111 health, di8olmination. crf educatl¢)nl or skills attalnment. STRATEGIC REPORT Achlovements ond Perfomianco CHIP'S maln donor durlng the y8ar was Communlues and Housing Inve5trnent Consortlum Ltd (CHIC} whlch made a donauon of £144,170 in June 2024. It also conlributed lo Ihe costs of Ihe Annual Awards Dinnor - held in May 2024, to Ihe value of £16,511. The donation was to fund CHIP'S work In supporting employment Inttialtves and communty projects. The slze of IhSs donation, which is an annual commitmenl by CHIC, ojrrently detamlnes th8 scale of charitabl& activill88 the Charity Is able to support In each finanaal ￿r. Durlng the year CHIP conllnued to work wlh Local Employment Groups (LEG8> - 5 In total, to provlde fundlng to them to support people dislanl from the w(tylac* Into sustainable employment. ThA fiindlw helps the individualg ￿th a ranga of $upport m0chanlsmB. Including dellverlng short courses, providing supprKt with Improving Iwe sknlls through lo course quallflcallons and Level 2 Apprenticeships. These LEG5 have supported a total of 96 Individuals into employment, which is more than a threefold Increase on the 2022123 numbar and 20 In excess of the tarq81 for 2023124. The LEGS r&¢8lving funding In the year were Black County HA, St Basllg. Tho Jorlcho Foundation, Sl Gllgs TTUSI and Bounce B8d( Foundation. CHIP'S Communlty Chest Fund (CCFI a grant fund to off8r sponsorshlp to h)cal communlty groups and projects to make a real drfferen(￿ to people's lives mad8 il's first payments of up to £5,000 per grouplproiect during thg year. t>urlng the year funding vM$ provided io the following community based inlllatSv&s-. - Construction Youth .' a chartty that educates, trains and inspires y(wng people to help them build belter futures Ir¢ the ConstrudK)n industry by connecting them wth employers and opportunities. Bounc8 Back Foundallon supporting programm8s that utilise the Cty & Guilds assur8d recognlllon programme, offering ex-offenders digital credentials upon completion of c¢)urses and supporliiw tliEiii Iiiiu ¥mFAoyment 01 selfemploymenL - Sl Giles Trust.. supporting tsr F￿d Pantry in Ci)ventry to 8UPPOrt iDdivpJuals and famillès provtding acc8ss to affordable. nutritious fcth. in conjunction wth advk% and guidance. COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 (cont'd) Achlevements and Perf0M￿fice (cont'd) - Lola's Kitch&n .' deliverlng cookery dassas to ksolated Individuals to cook on a budget and reduc8 food waste, whilst reducirwJ isolatK)n. - Tech wlth No Llmils -. delNering a rdllng programme of Basic Digltal Skills sessk)ns, enabling resldenls to achieve IT skilLs and their own dlgllal demces. CHIP'S second annual awards and fundraising dinner was held in May 2024. This evenl celebrates both th8 worf( of tha Charity during the year and also that of the individuals and partner organisations which it has furKled. This w8$ attonded by 170 guests - an increase of 41 on 2022123 numbers. Awards were presented - 5 in total, lo individuals and 0nJaniSat￿ns whlch had 8xcelled In achieving or supS)￿.ng apprenknships and trainirrfJ. The Trustees are of th8 opinion that CHIP has met lis charitable objethes during Ihe year and Gontlnues lo be in a strong position lo further inuease its sU￿)rt for tha programmes and groups It funds during the 2024125 finarKlal year. Golng Concém After making appropriate enquiries. Ihe Board of Trustees has a reasonable expeGlatlon that the Charlty has adequate resources to continue in operational existence for the foreseeable future. For Ihls reason it conllnues to adopt th8 going concérn basis in preparing thè financial statements. Further detail$ regarding Iho adoption of the going concem basls can be found in Ihe Stalgmont of Accountlng pollcles. FINANCIAL REVIEW Ov8rvl8w The ChaTily generated a n81 suwus lor the year of £104,309 (2023: £178.404). The financlal model adopted by the Charlty revolve5 around receiving funding Irom its maln donor and In¢omg 9enoration Irom other fundraising aGIl￿tIeS in the latter months of Ihe flnandal period, whlch are thon ulllised for charttable actiwti8s wllhin the following accounting period. The Trustees f891 the currenl18vol of reserves are sufficient to both fund the planned adiviti8s In 2024125 and also enable CHIP to plan further ahead for Its corg actlvitles. CHIP Is Indebted to Its major funder Communllios and Housing Investment Consoruum Ltd {CHIC) whlch donated funds in the value of £144,170 {2023- £190.(KJO) during the year. They also paid £16.51112023: £nill towards the costs of CHIP'S Annual Awards dinner. Thls fundlryJ VAII enable the Charlty to continue to deliver its charllable acbvitles durfng 2024125. Flnanelal and Rlsk M8nag•ment Objéetlves and Pollclas The Charity's financtal and risk management objectives are documented in Tis.. Budg8ts Scheme of delegatkjn Reserves Pollcy The Trustees review Ihe Tesorve levels of the Charity annualty. This re￿eW encompassas the nature of income and expenditure streams, Ihe need to match Income ￿th commllments and the nature of reserves. The Trustees have d&lemiined that the appropriate level of reserves al year end should equate to ils proposed budget for funding tharflable actiwties in the following flnancial year plus 8 small balance of around £20.CQO as ￿ntIngencY furKls. The r8serves balance as at 30 June 2024 is in line with this. Reserves as at 30 June 2024 were £282.713 (2023: £178,404). COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 (confd) Investment Pollcy All inv8slmenls are made in accordance with the p)licy of the Charity. The Chariws policy on Investments is one of minimum risk wilh all investments being hekl wth the ChariVs bankers. The Charity wll Mverthdess seek lo maximise inleresl receipts within this arrangement. Investments are made wth regard lo Charity Commrssion guidance in relation lo invastmenls. PRINCIPLE RISKS AND UNCERTAINTIES The Trustees have rA)nsidered the risks fac￿ by tt)e Charity throughout its normal ¢¥eralional business. 11 has sought to address the risks faced by the Charity by establishing appropriate governance and management arrangements and establishing rr*sust oper8tk)nal and reporting procedures. The Trustees cxjnsidtir that these arrangements have been eff8Ctlve throughout the perlod being reported. The Trusle6s Intend lo buikl on thls success by revieV￿n9 and updating all tKOL*dural docum8nt8, as and when necessary, wthich wlll wntinue lo enablo checks lo be syslematic In nature. R18k Management At the time of reportlng. the Charitvs Idenlrfted key risks are: fundlng from its major donor is either removed or ieduced to a level wher& It 1$ unable to carry out its Gharilab16 obj8Ctive5 in full., fallure to rna￿&1 Its Communty Chest FuTrJ adequately, m88nirvJ Insuffident applIca￿on8 are receivgd from prospectlva reclpients. and Local Employment f¥TllilPS ILEG$) fall lo moet thelr cornmltmants and do not dgllver outcomes in line their Seryice L&vei Agreements {SLAs). Mlllgaling actlon, both current and planned, has been identified to addr8SS thes8 rfsks. Thls Is also true of all other risks that havo been formally Idenlified which have a lower level of impact andlor Ilkellhood. Fundralslng Under the provislons of the Charlties (Prolectlon a￿1 Soclal Investment} Act 2016 . the Charlty wlll run fundralsing events lo ralse monay for other charities or for the Charity ilsell. The Charlty does not work wllh any professlonal furKJraisers. Whar& money18 ral$ed. this is collected and rec8ipted approprlalely. The Charfly has a complaints procedure to ensure any c#)ncems can be reported. Plans for Futurè Perlods CHIP alm5 to build or) 2023124 performan￿. by targeting to achieve the follow￿ng In 2024125.. lo provldè funding lo both curronlty supwrted and potentialty now LEGS to support in the region of 12516amAr8 inln %iJslainabl8 omploymènt- lo build on the first full year of Community Chest fundlng {2023124) for communlty based projects and aim to make grants durlng 2024125 of betwe&n £75.IJOO and £1(K),000,' and lo colllinue lo hold an annu818W8rds and fundrais5ng dinner in the eady Summer of 2025 10 cèlebrate the achievements of individuals and companies who excelbd in achieving or supporung apprenltceships and training ID the workpla￿. COMMUNITIES AND HOUSING INVESTMETr￿ IN PEOPLE TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 Iconvd Independenl Exarnlner In so far as th8 Trust8es are aware.. th&re is no relevant information of whlch the charitable inLxJrporated organisation's Independent examiner i% unaware.. the Trustees have tsken dl steps that they ought to have taken to make themselves aware of any relevant examination information and lo establish that th8 independent oxaminer is aware of that informati()n. The Indep8ndent Examiner, Malcolm Winston of UHY Hacker Young {Birmlnghaml LLP, Is willing lo continue in offl¢8 and a resdution to re-appoint Ihem will b6 proposed io the Trustees. The Trustees. Report IncorpcTrtlng a strategic report was approvéd by the Board of Trustees on 25 September 2024 and signod on thoir b6h8lf by. T J O'Brien Chalr of Tru8teg3 25 Septemb&r 2024 COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2024 The Trustees are responsible for preparing the Annual Report and the Flnanaal Statements in accordance with applkgble law and the Flnanaal Rewrbng Standard appltcable in the UK and Republic of Ir8land IFRS 102) {effBctive 1 January 2019} - Charities SORP {FRS 102) and the Flnancial Reporting Standard appli8ble In the UK and Republic of Ireland (FRS 102). The law applicable to charities in England and Wales requires the Trusiees to prepare financial statements for each financial pertr)d which give a twe and fair vtew of the state of affairs of the Charity and of the incomiThJ T8sourc9s and application of resources of the Charity for that period. In preparirvJ these flnancial stalements, the Trustees are required lo: sele¢t Suita￿6 accounting polkies and then apply them c0nslst8nt1￿. observe the methods and principles in the Charities SORP 2019., make judgemonts and estimates that a￿ reasonable and prudent stale whether applicable UK accounting standards h8V8 been followed, subject to any departures dlscbsed and explained in the finan￿al statements. and prepare tho flnancial statements on the golng concern basls unless tt Is inapproprlate to presuma that the Chartly wll continue in operation. The Trustees are r&sponsible for kooping acex)untlng records that disclose with reasonable accuracy al any Ilme the financial position of the Charlly and enable tham to ensure that the financlal stalomenl¥ comply with tho Choritles Act 2011. the Charity {Accouwilb' diid Reports) Regulallons 2008. Flnancral R8POrting Standard (FRS 102) and the provisions of the constllulS0n. They ar8 also resp￿sIble for safeguarding Ihe assets of the ChaTIty and h&nce for t8klng reasonable steps for tho preventton and detection of fraud and other irregularitl8S. Approved by the Trustees and slgn&J on thelr behalf by. T J O'Brl&n Chalr of Trustees 25 September 2024 COMMUNITIES AND HOUSING INVESThIENT IN PEOPLE INDEPENDENT EXAMINER'S REpoKf TO THE TRUSTEES OF COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE FOR THE YEAR ENDED 30 JUNE 2024 I report to the ChaTity Tnjstees on my examination of the a￿unts of the charitabla incorporatsd organls8tion (CIO) for the year ended 30 June 2024. R8sponslbllltl8s and basls of report As the charitable irKx)rporaled organi5alion's Trusteas you are responslble for tho preparalion of the accounts in accordance Ihe requSr&ments of Ilw Charitles AGt 2011 ('the Act'}. I report In Tespect of my examlnation of the charitable incorp(Kaled organisailon's aC￿unts carrled out under section 145 01 the Act and in carrylng Ixrt my examlnalion I have folbwed all the appllcable Dlr8cllons given by the Charity Commisslon under 88Ctlon 14515)(bl of the Act. Independenl Examlnefs stalernent I have compleled my axamlnalion. I conflmi that no material matt8rs have come to my allonllon In conn8cllon with the examln8tion gi￿ng me cause to beliove that In any material respect.. accounting records were not kept in r88pect of the charitable in¢orpJraled organisatlon 88 roquired by secllon 130 of the Act.. or the account5 do not accord wth those records., or the accounts do not comply wth the applicable requlrem8nts conc8mlng the fomi and contont of accounts set out in the Charitles (AcLounts and ReFOrts) Regulatlons 2008 other than any raqulrement thal lh¥ dGwunts 9Sve a'true and fgir vlov/ which 1$ not a mattgr consldfir()d as part of an independent ex8mlnatlon. I have no concerns and h8ve com• across no other matt8rs in connectlon with the examln8tion to whlch attenllon should b8 drawn In INS report In order to enable a proper understanding of the accounts to be reached. Malcolm Wlnston FCCA UHY Hacker Young (Blnnlnghaml LLP 11 Vittorla Street Birmlngham BI 3ND 25 september 2024 COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE srATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Totsl Total Unrestrlcted Designated Year Ended 16 May 2022 to Funds Funds 30 June 30 June 2024 2023 INCOMING RESOURCES Incomlng resources from generated funds Voluntary Income Oonatlons Donatltsns from CHIC 5.350 144.170 5,350 144.170 4,107 190,0( Incomlng resources from other tradlng actlvltle5: Fundraisln8 16,760 16,760 15,160 Investment Income 3,852 3,852 li TOTAL INCOMING RESOURCES 170,132 170,132 209,278 RESOURCES EXPENDED Charltable Actlvltles Management and Admlnlstratlon 53,138 10,685 55,138 10,685 24,901 5.973 TOTAL RESOURCES EXPENDED 63,823 2.000 65,823 30,874 NET INCOMING RESOURCES 106,309 12.0001 104,309 178.404 Transfers between Fuiid¥ NETMOVEMENT IN FUNDS 106J09 12.IW) lo4￿9 178AOd Fund Balances brought forward 176,404 178.404 FUND BALANCES CARRIED FORWARD 282,713 282,713 178A04 COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE BALANCE SHEET AS AT 30JUNE 2024 Total A5at Total Asat 30 June 2023 30 June 2024 Note CURRENT ASSETS Debtors Cash at Bank and in Hand 3,120 282.737 285.857 2,260 193,123 195,383 LIABILITIES Amounts due wlthln one year 3.144 16.979 NET CURRÉNT ASSETS 282,713 178,404 TOTAL ASSETS LESS CURRENT UABILMES Z82,713 178,404 FUNDS Unrestricted Funds De518nated funds 280,713 176,404 2,000 TOTALFUNDS 282,713 178,404 The flnandal Statements on page5 8 to 13 were approved by theTrustees and author15ed for Issue on 25 Septomber 2024 and slgned on thelr behalf by: T J O'BTion Chalr of Trustees 25 Soptember 2024 COMMUNMES AND HOUSING INVESTMEKf IN PEOPLE io NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 1 Statemttnt of Accounting Poll¢ies A surnmary of prinapal accwnling pOI￿J0S adopted (whith have been appllad conslstantly, oxcept wh8re noted), judgements and key Sour￿ of estimation uncertainty, is set out bekjw. Basls ol Preparation The financlal statements of I1￿ Charlty. whlch Is 8 publrc benefit entity under FRS 102, have been prepared under the historical cost convenllon in accordance wth the Financial Reportlng standard Applicable in the UK and Republrc of Ireland IFRS 102). the Aco)unting and Reportlng by Charities Statement of Recommended Practice applicable to charities preparing their accounts In accordance the Financial ReFM)rting Standard appllGabl8 in the UK and R8publlc of Ir818nd IFRS 102) (Charities SORP (FRS 102)). and the Charities Act 2011. Communitieg and Housing Investment In Paople (CHIP} meets the definlUon of a public bonefil entity under FRS 102. Golng Conc8rn The Tru81ees assess whelher the use of gclng c4)nc8m is approprfalo l.e. ￿ether thore are any material uncertainlles related to events or conditions that may cast 5ignlfic8nt doubt on the ability of the Charlty lo contlnue ag a going concem. Th8 Trust6es make th18 assessment in r8$pecl of a period of al least one year from the dale of aulhorlsation for Issue of the financlal slatemonls and have concluded Ihat the Cliarlly has adequate resources to continue In op&ration81 exlslence for tha foreseeable future 8nd ther8 are no material uncertaintles a￿￿t th8 Charity's ability to conllnue as a golng concem. thus they continue to adopl the golng concern b8sl$ of ac¢ounllng In preparlng the finanaal statements. Incomo All Incoming resources are recognlsed when the Charity has enolement ts the funds, tha rec61pt Is prob8ble and the amount can be me8sur8d rellably. Donatlons Donations are rg(wni8ed on a re￿1vable basis vthero there is certalnty of recelpl and the amount can be reliably measured. other Incomo Other incomo, including the fundraslng in¢x•me is recognised in th8 p8riod 11 Is recelvable and lo the extent the Charity has p￿ded the Q￿d% nr servlcgs. Investment Incomg Investment ir￿e is re(￿rded gross and Indudes all such incorne lo whlch the Charlty L8 enlitled V￿thin tho accounting period. Expendlture Expenditure ts recognlsod once there b a legal or ￿nstruCtive obligation to transfer economlc benofil to a Ihlrd party, it is probable that a transfer of oconomic b8nafits will b8 required in settlement aThJ the amount of lh& obl￿￿8110n can be measu￿1 reliably. All resources eX￿llded ara incluswe of 1rrec0vera￿e VAT. COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE li NOTES TO THE FINANCIAL STATEMETrifs FOR THE YEAR ENDED 30 JUNE 2024 Icont'dl 1 Statement of Accountlng Polidos (Cont'd) Flnanclal Instrumants The Charity only holds basic financial instruments as defined in FRS 102. The financlal assets and flnancial liabilities of the Charity arKI their measurement basis are as follows: Financlal 8ssels trade and other debtors are basic finandal Instrumentb" ill)d are debt instruments measured at amortised cost as delalled in note 2. Cash at bank - is classlfied as a basic finanual instrument and is nwsured at face value. Flnancial Ilabllitl8s - trade creditors. accruals and other creditors are basic financ181 instruments, and are measured at amortlsed cost as detalied in nots 3. Fund A¢¢ountlng Unr8Stricted incoma funds represent those resources whlch may be used towards meellng any of tha charilabSe objects of the Charity al th& discretion of the Trustee5. Designated funds ar8 those that have been d&s5gnated for sp￿IfiC purposes by Trustees and are expected to be spent on the intended purpose within 12 months. Crhlcal areas of Judgemanl There ar8 no criti￿1 judgements that th8 Trustees have made In the process of applying th ChaTIW5 accounllng policies on th8 amounts recognised in th@ stalutcry financial stat8ments. COMMUNITIES AND HOUSING INVEsfMENT IN PEOPLE NOTES TO THE FINANCIAL STATEMEP4TS FOR THE YEAR ENDED 30 JUNE 2tI 12 Year ended 16 May 2022 to 30 June 2024 30 June 2023 DEBTORS Trade Debtors 3.120 3.120 2,260 2.260 LIABILITIES Amounts due wlthin one year.. Accruals Trade Credltors Yearended IG May 2022 to 30JuM 2024 30 June 2023 2,040 1,104 3.144 1,980 14,999 16.979 FUNDS Year ended 30June 2024 De51gnated Unrestrkted Funds Funds 16 May 2022 to 30 June 2023 Deslgnatsd Unre5trlrted Funds Fund$ Fund Balances brought forward SurplusllL)ehcitl tor year Transfers between funds 176,404 106.309 {2.rxxil 178,404 I2,0￿) 2,000 At 30 June 2024 282,713 2,0(X) 176,404 Yearermled 16 May 2022 to 30June 2024 30 June 2023 Fund5 are desl8nated as follows.. - General Unrestrlcted Reserves - Des18nat￿ Funds 282,713 176,404 2,000 282,713 178,404 DESIGNATED FUNDS The Charfty Is carrwng funds of £282.71412023: £178,404) whlch are general unrestrlded reserves. The £2,[ of brought forward Deslgnated Funds was paid out as follows.. - Prostate Cancer- £l,C - St Baslls Hospice- £l.IXKI DesF8nated Funds Unrestrlcted Funds Analysis of Net Assets between funds Net Current Assets 282,713 282,713 Year ended 16 Miry Z022 to 30 June 2024 30 June 2023 DONATIONS Donations (See Note 111 - Unrestrlcted funds 149,520 I49￿20 194.107 194,107 COMMUNITIES AND HOUSING INVESTMENT IN PEOPLE NOTES TO THE FINANaAL STATEMENTS FOR TrIE YEAR ENDED 30 JUNE 2024 13 Year ended 16 May 2022 to 30 June 2024 30 lunè 2023 FUNDRASING INCOME Fundrasing Income - Unrestricted 16,760 16,760 15,160 15,160 Deslgnated Funds Utwestrlcted Funds Yearended 16 May 2022 to JO June 2024 30 June 2023 RESOURCES EXPENDED CharStable Expendlture Charitable Activities 53,138 53,138 55.138 55,138 24,901 24,901 2,000 Unrestrl¢ted Funds Year ended 16 May 2022 to 30 June 2024 30 Jun• 2023 RESOURCES EXPENDED Mana8ement & Adminhtratlon Governance Costs INote 101 Sundry Costs Bank Charges Computer Costs Professlonal Fees 2,420 4,248 17 2.420 4.248 17 1,980 62 13 418 3,500 5,973 4,000 10,685 10,685 Year ended 16 May 2022 to 30 June 2024 30 June 2023 10 GOVERNANCE COSTS Fee5 pald to Independent Examiner Trustee expenses 2,040 380 2,420 1,9BO 1,980 Vnrestrlcted Funds Year ended 16 May 2022 to 30June 2024 ao June Z023 11 DONATIONS Other Donations from the Publ5¢ other Donatlons from CHIC 5,350 144,170 149,520 5,350 144.170 149,520 4,107 190,0(KI 194.107 12 TRUSTEES. REMUNERATION & EXPENSES Expenses to the value of £38012023: f nlll were reimbursed totrustees durfng the year.