Charity numbor: 211840 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 SOROPTIMIST INTERNATIONAL OF GREAT BR￿AIN AND IRELAND BENEVOLENT FUND CONTENTS Page Reference and admlnlstratlvè dètails of the Charlty, Its Trust88s and advisars Trustees. report Indepondènt examlngrfs roport statomènt ol finan¢lal a¢tl¥ltle4 Balance shegt Noto$ to the flnanclal s*atom8nts 9-15 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND REFERENCEANDADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEESANDADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustee$ Ann Dawson {Chairl Myra Penn Annelle Porter (resigned 12 November 20221 Vanessa Billin9 Elizabeth-Ann Mackle Ireslgned 12 Nov8mb8r 2022 Kay Wilki8 Dorothy Lee-oyden Susan Jan8 Biggs Jennifer Vinc8 Iresigned 12 November 20221 Rlla Baaumonl Judith Lewis Clare Comerford Ruth Hilary Claverlng Paliicia Dowding Iresigne(J 12 Nov8mb&r 2Q>221 Hilary Ptslman Ir65igned 12 Nov0mber 20221 Iris Bateman Irasigned 12 November 2Q221 Susan Hogg Ideceased March 20231 Jean811@ Lee Catherine e8ale Susan Beech Ruth Healey lappolnlgd 12 November 20221 Sandra Morrls lappolnled 12 Novemb8r 20221 Norma Reyno￿5 lappoinled 12 Novemboi 2022 Rlts Leaman (Appainled 12 November 20221 Yvonne Freeman lappointed 12 November 20221 Julie Williams lappoinled 12 November 20221 Janet Stopher.Clark lappoinlgd 12 November 20221 Charlty r8gl$t•red number 211840 Prlnclpal offlce 2nd Floor Beckwlth House 1 Wg11inglon Road North Stockport Cheshlre SK4 1AF Indepondgnt Examlnor Vivlen Cross 8A {Hons} FCA Vivien Cross Accountsncy SeNice8 Limited Bracken Clough Start Lane Whaley Bridge Derbyshire SK23 78R Page 1 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trusleos pr&s8nl thelr annual report together with the financial stat?men15 of the Charlly for the year l Aprll 2022 to 31 March 2023. Structure Govamance and Managom•nt The 8en8volent Fund of Soroptlmi81 Internatlonal of Great Britaln and Ireland ISIGBII is an unincorporated as50cialion and was roglslered as a charity, no. 211840 on 28 March 1963. The governing document ol the Fund was am8nded on 23 July 2018. The Trustees, one frorn each region, are elected by the Regional Councils within the Uni18d Kingdom. including the Channel Islands and th& Isle of Man, and by the National Association ol the Republic of Ireland. In addition, there Is one Trust88 from Ihg Federation Management Board of SIGBI Ltd. The Chairman, Secretary and Treasurer are elected by the Tnjslèes from among their numbgr. Oblo¢tlv&s and actlvllSes Aetivltlas undortakon to achleve obJoGtIvo8 The object ol the charity is tho rglief of women In need who have been, for al 18asl thrge consecutive years, members ol a Soroplimisl Club within the United Kingdom (including the Channel Islands and the Isle of Manl and th8 Republic ol Ireland and whDSe membership continues, or il they have left their Club and have ng1 b¢¢n 8 member of a Soroplimlsl club lor 5 years, or al th8 dlGcrèlion ol the Truslaes. To me81 its objecllves Soroplimisls are Invil6d lo apply for 85sislance. To apply they Can approach th8lr Reglon Iruslge or they can apply dlrecl lo the S¢¢rglary or Chairman. In reviewing each appllcatlon lor 89SiStance, the Trustees obseNe the slricl¢sl ognfidence, Support for appllcanls may be a quarterly grant lo h&lp th8 beneflclary wllh day lo day living costs or 8 one off grant to meet a partlcular need or emergency. In the recent past one off grants have been given towards the cosl of a stair lift and to a m9mber whoso famlly were experiencing short term financial difficullias followlng whose husband had been taken seriously ill. This past year assistance has been glven to appSi¢anls linancially suffering frorn the effects of Covld. ApplScalion8 aro recoived throughout the year with the Chairman, treasurer, Federation Tru$199 and Secretary making a recommendation wlth supportlng information lo the Trustees. b. Publlc benefit The trustees confirm that they have complied wllh the requirements ol s8Ctlon 17 of the Charities Act 2011 10 have due regard lo the public benefll guidance published by Ihg Charity Commission for England and Wal¢$. Plans for future p8rlod8 The invoslment company Paradigm Norton Financial Plannlng Ltd Is lo be retained lo continuo lo maximise the investment relurr7 obtained by the Fund. Th¢ Trusltres are 9rateful lo those members who have included the B*n&volenl Fund in their wills by leaving a legacy. The Trustees would also like lo express Ihelr thanks lo the clubs and regions and individual member3 who support the work of the Benevolent Fund by sanding in donations, which are gift aided where approprlale. Achievements and pfjrfonnance Review of actlvltles Durlng the yÈar the charity made grants lotalling £50,417 (2022.. £57,342}- 21 prèsent or past Soroptimisls have been in receipt of asslstance, being either quarterly support or one off payments. The Trustees wlll continue lo promote the Fund so that more women can benefit. Page 2 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Flnanclal rèview a. Golng concern The Trustee are gral@ful for the ongoing support of the Members of SIGBI Limited. without whi¢h the Charity would be unable to provide grants lo the members who are in negd ol assistance. The grants are wholly funded by investment income, plus l&vles, donations and bequests from current and former Members of SIGBI Limited and colleclgd by SIGBI Limited on behalf of the Charlty. The current year has necessitsled cashlng In investments In order lo respond lo m&mb8rs n8eds as 8 résult of tho Covld pandemic. A summary of tho results for thè yaar is given in tha Statement of Financlal Activities on pag@ 7 ond on Notes lo the Financial Statements on page 9. Durlng the year th8 total in¢omlng r8sources were £52,291 12022.. £43,5701. Total outgoing r8sourcès were £56,89612022.' £63,425), and the nel mov8mant in funds w88 £12,931 daficit12022: £34,589 deflclll. No Trustee received any remuneraUon or ben8flls of any klnd from the Charlly In the current or prevlous y8ar. Th8 market value of investments as al the 31 March 2023 was £404.20612022.. £412,532>. The value of th8 lolal net assets as al 31 March 2023 was £416.53912022'. £429,470). b. Ro*•rv•s poll¢y The Trustees have examinod the requiremgnl lo malntain free rèsérves and concluded that a roserve of £20,000 Should be maintained. The charity could then b6 able ID respond immgdialely to request¥ for help. All of the Ch8rlty's funds ara unrgslriclod. C. Golng concem After maklng appropriate onqulrles, Ihe Trustèes havo a reasonable tsxpoclalion that the Chartty hBS adequ8le resources lo continua Sn operational exlslence lor Ihg forgse&ablg lulure. For this rgason, they continuo lo adopt thè 90ing concern basls in preparfng thè flnanclal slalem8nls. Further delalls regarding the adoption of the golng conGgrn basls can be found in th8 accounting pollcie8. Structuret govern8nc• and managgmont Constltutlon SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND is a ra9lslarad harlly, number 211840, and is ¢onstiluled under a Trust deed. b. Methods of appolntm•nl ¢r •18ctlon of Trustees Th8 management of the Charfly Is the responsibility of the Trusteos who ar& elected and co-opted under Ihg terms of tho Trust deed. Page 3 SOROPTIMIST INTERNATIQNAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Statement of Trust••s' r85ponsibilitl8S The Trustoes are responslble for preparlng the Trustees, report and tho financlal statements In accordanc8 with applicable law and United KSngdom Aacountlng Standards (United Kingdom Generally Accepted Accounllng Pra¢li¢el. The law applicable lo charllles In England & Wales requires the Trustees lo prBpare financial slalemenls for each financial year which give a true and lair view of the slate of affalrs of the Charity and ol ils incorning resourGes and application of resources, including it8 income and expenditure, for that pèriod. In preparing Ih&se financial 51alom8nts, the Trustees ar8 reqLJirad to.. select suitable accounting policles and than apply thom wnsislenlly., observe the melhDds and principl8s of tha Charities SORP IFRS 1021., make judgments and accountlng esllmales that are reasonable and prué8nt', stale whether applicable UK Accounting Standards IFRS 1021 have been followgd, subject lo any malerlal departures disclosed and axplained in the financial slalemenl5', prgpare the financial slalem8nls on the goSng concem basis unless It 1$ inappropriate to presume that the Charlly will ¢onllnu8 In buslnesg. The Truslees are responsible for k8eplng adequate accounting records thal are sufflclenl lo show and explain the Chaiily's transactions and disclos8 with r8asonabl8 8ccur8cy al any time Ihg financial posillon ol the Charity ané enabla them lo gnsurg that the flnancial slalemenls comply wlth tho Charilias Act 2011, the Charity IAccounls an Reports) Regulations 2008 and the provlsions of the Trutil deed. They are also responslble for salgguardlng the ass8ls of the Charity and hence lor toklng r&asonabl& st8ps for tha pr8v$nllon and detection of fraud and other Irregularities. Approv8d by order of the m8mbers of the board ofTrusloe$ and slgnod on their behalf by.. Judllh LewS9 Treasurer Dale,. Q23 Page 4 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Independent Examlnor's Raport to the Trustees of SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND I'the Charlty.) I report lo tha charity Trusl80s on my examinatlon of the accounts of tho Charity for the year endod 31 March 2023. R•spon$Sbllltl&$ and Basls of Rbport As the Trustees of the Chaflly you are responsibl8 for tha praparalion of the 8¢counls in accordance with the requlrements of tha Charities Act 20111'the 2011 Acl'l. I r6F)Ort In resp8cI of my axamination of the Charill8 accounts carrled out under soclion 145 of the 2011 Act and in carrying out my examination I have followed the applicable Dlr8cllons givgn by Ihg Charity Commission und8r seolion 145151(bl of the 2011 Act. Ind•pgnd•nt Examlnerf8 Statomant Your atlenllon Is drawn lo the fact that the Charity has prepared tha accounts in accordance wllh Accounting and Reportlng by ChafllSes.' Slalement of Recommended Practlce applicable lo charities preparing Ihair Bccounls In accordance wllh th¢ Flnancial Reporting Standard 8ppll¢able In thè UK and Ropublic ol Ireland IFRS 1021 In pr&ferencè lo the Accountlng and Rgporllng by Charlli88.' Slalem8ril of Rec¢mmend8d Practlce Issued on 1 Aprll 2005 whlch is referreof lo in the exlanl regulations bul has been withdrawn. l und&rsland Ihel thls has boen done in order for the accounts lo provldè a tru8 and falr v18w In accordance wllh the Generally Accepted Accounting Practice effecllve for rèportjng periods beginnlng on or after 1 January 2015. I have completed my examlnalion. I Conlirm that no matters have come to my 8tlonlion In ¢onne¢llon wllh the examlnalion glvbng m8 cause lo bolieve that In any material respect.. accounllng records wgra not k9Pt in respect of the Charlty as requlred by se¢tion 130 of Ihg 2011 Acl., or the a¢￿UnIS do not accord with those records., or tho a¢coLtnts do not comply wllh the appllcable requlremenlg eonc9rnSng Ihg lorm and conlent of account8 sel out in th8 Chariti8s (Accounts and Reportsl Regulations 2008 other than any requlremgnl that the accounts giv8 a'lrue and fair, vl8w which18 not a matter considered a5 part of an Ind?pend&nl examination. I hav9 no concerns and havo come across no other mallers in conneclon wSth the examlnalion lo which attention should be drawn in this report in order to enable B proper understanding of the accounts to be reachad. Page 5 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND INDEPENDENTEXAMINER'S REPORTICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 This report is mad8 solgly to the Charity's TTuslees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulallons 2008. My work has been undertaken so that I might stsle to the Gharity's Trustees those matters 1am rèquired lo state lo them in an Independent gxamln8r's report and for no other purpose. To the fullest exltsnl p8rmltl8d by law, I do not acc8pI or assumè rasponsibllity to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Dated.. l . * .2eaCJ Vivlgn Cross BA (Honsl FCA Vlvlen Cross Accountancy sorvlces Llmlled Bracken Clough Start Lang Whaley Brldg8 D8Tbyshlre SK23 78R Page 6 ## **SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Support and governance costs
5
Charitable activities
6
**Total expenditure**
**Net movement in funds before other**
**recognised gains/(losses)**
**Other recognized gains/(losses)**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**39,470 **
**12,821 **
**52,291**
**6,479**
**50,417**
**56,896**
**(4,605)**
**(8,326) **
**(12,931) **
**429,470**
**(12,931) **
**416,539 **|**Total**
**funds**
**2023**
**£**

**39,470**

**12,821**
**52,291**
**6,479**
**50,417**
**56,896**
**(4,605)**

**(8,326)**
**(12,931)**
**429,470**
**(12,931)**
**416,539**|_Total_
_funds_
_2022_
£
_30,813_
_12,757_
_43,570_
_6,083_
_57,342_
_63,425_
_(19,855)_
_(14,734)_
_(34,589)_
_464,059_
_(34,589)_
_429,470_| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 15 form part of these financial statements. Page 7 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Noto Flx•d assets Investments 404,206 412,532 404206 4t2,532 urrgnt a$$•ts D8blDrs Cash at bank and in hand 10 12,633 17.238 12,633 17,238 Credllors.. amounts falllng du8 withln one year 13001 (300) Net current assets 12,333 16.938 Total a8$•t8 I•s8 current Ilabllltlos 416,539 429.470 Total net assets 416,539 429,470 Charlty lund$ R&$lricled fund8 Unrgslricl8d funds 12 12 416.539 429,470 The financial statements wgre approved and authorised for issu8 by tha Tru$t&O8 8nd signad on thelr behalf by.. Ann Dawson Chair of Truslg85 0819 Judlth Levdls Trea$urtrr Daltt.. The notes on pages 9 to 15 form part of th8sE fin8nci81 stslgTn8nts. Page 8 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Goneral Informatlon The charity is a public ben8fil enllty and a registered charity in England and Wales and is unincorporalad. The addréss of th8 principal office is 2nd Floor Beckwllh House. I W8llinglon Road North. Stockport, Cheshir¢. SK4 1AF. Accoun￿n9 F>olicie 2.1 Basis of preparatlon of flnanclal statements The financial slalem8nls have been prepar8d in 8ccordance with th8 Charities SORP IFRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice appllcablè lo charities preparing Ihelr accounts in ac¢ordanco with the Flnanclal Reporting Standard applicable th8 UK and Republlc of Ireland IFRS 102118ff&cliv8 1 January 20191. the Financlal Reportlng Standard applicable In the UK and Republlc of Ireland IFRS 1021 and tho Charities Act 2011. Thg financial slalemenls havè bèèn prepared lo givg a 'true and fairf view and have departed from th& Charities IAccounls and Reports) Regulalions 2008 only lo the extent required lo provide a 'lrue 8nd fair. view. This departure has involved following th& Charities SORP IFRS 1021 published In Ocltsber 2019 rather than the Ac¢ountsng and Reporting by Chariti&s.' Slalemenl of Recommended Practlce effe¢live from 1 ￿)rI7 2005 whlch has slnce been wlthdrawn, SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND me8ls the definllion ¢1 a public b9nefll enlily under FRS 102, Assets and liabllilies are Snllially recognised al hlsloricgl ¢osl or transaction value unless otherwis& slated in Ihe relevant accounllng pollcy. 2.2 Golng ¢¢nc•rn Tho financlal statements have been pr8par8d on 8 golng concern ba818 whlch a$sumg6 an ablllty lo continua operating for the for88eeable future. The Trustees are confident that th8 charity will continue as a going concern should income be aclversely affected by other unforeseeable circumstance8. 2.3 Income All incomo is rocognlseé once the Charity has 8ntlll8mgnl lo the income, it is piobablo that the income wlll be receSved and the amount of in¢omv rgcoivable can be measuied reliably. The recognition of Income from legacies is dep&ndenl eslablishlng 8nli118menl, the probability of receipt and the 8bilily to estimate wlth sufficient accuracy the amount receivable. Evidence Of enlillemènl lo a lfjga¢y exisls when the Charity has sufficient evidence that a gift has been left lo them Ilhrouyh knowledge of the existence of a valid will and the death of the benefactor) and the executor Is satlsfied that the property in question will not be requlred lo satisfy claims in th8 8s1ate. Receipt of a leg8Gy musl be recognised wh&n11 is probablè th5Jt it will bg received and the lair value of the amount r&celvable, which will generally be Ihg expected cash arnounl lo be distributed lo thè Ch2raiy, can be rg118bly measured. Grgnts are included in the Slalemenl of financial activities on a recoivable basis. The balance of income receiv8d for 8pe¢ific purposes bul not expended durlng the pèriod is shown in Ihe rèlavanl funds on the Balance sheet. Where incom& is receivèd In advance of enlitlernenl of receipt, ils recognltion Is deferred and included in creditors as defetrgd income. Where entitlement occurs before incomts is re¢eived, the ir)come is accrued. Income tax recoverable in relation lo Investment incomg is r8cognis8d 8t the lime the investment income Is receivabl8. Page 9 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND NOTESTO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ac¢ountSng pollclas Icontinuodl 2.4 Expgndlture Expgndllur8 is recognised once therg Is a18gal or conslruclive obliggtion lo Iransf8r economlc benefit lo a Ihlrd party. il is proboble that a transfer of economic bènefits will be required in settlement arKI the amount of the obligation can be measured rellably. Exp8nditur8 is classified by activity. Th8 costs of each activity are mad8 up of the lolal of direct costs and shared costs, including support ¢0s18 involved in undtsrtaking each aclivily. Direct costs allribulable lo a single activity are allocal6d directly to that aclivily. Shared costs which contribute lo mvre than one activity and support costs which are not altribulable lo a single activity are apportioned between those aclivili¢s on a basi5 consislenl with the use of reS0￿ree$. Central staff costs are allo¢aled on the basls of time spent. and deprèciation charges allocated on the portion of the asset's use. Expenditure on raislng funds includes Bll expenditure incurred by the Charlty to ralse funds for its haritablo purposes and includes costs ol all fundraising actlvilles events and non-charilable trading. Expenditurè on charitable aclivi11os is Sncurred on directly undertaking the aclivlliès which furth8r Ihg Charity'8 oble¢lives. as well as any as8oclaléd support costs. All expgndllure is inclusiva of Irrecovèrable VAT. 2.5 Inv•$tmgnts Flxed ss881 Inv8slmenl$ are a form of Inanelal Instrument and 8re InltSally recognlsgd at Ihelr transaction cost and subsequently measured 81 fair value al the Balance she81 dal&, unless the value cannot be mfyasured reliably In whlch cas911 Is measured al cost less Impalrmenl. Investment galns and losses, whether realised or unrealls8d. ara ¢ombintrd and presented as 'GalnsllLossesl on Investments. In tho Stalernenl of flnancial activitie8. 2.0 Debtors Trade and olh8r debtors are recognised 81 the selllgmenl amoLsnl after any trade dlscounl offered. Prgpaymgnts are valued al the amount pr8pald ng1 of any Ir8de dl8counls due. 2.7 Cash at bank and In hand Cash at bank and in hand Includ88 cash and short-lerm highly Ilquld Inveslmgnl8 wlth a short moturlly of three months orlgss from the date of acquisition or opgning of tho deposit or similar account. 2.8 Llabllltle$ and provl8lonB Llabllltles are recognised when thgrelg an obligation al the Balance sheot dale as a result of o past vent, il 16 probable that ¢1 Ir¢insf8r of economlc benefit will be requirgd In selllefflenl. and the amount of the settlement can be eslimaled reliably. Liabilities are r8cognlsed al the amount that the Chorily anliclpales11 will pay lo sellle the debt or the amounl il received as advanced payments for the goods or services il must PTovide. Provisions are measured at the best estlmale of the amounts required lo settle the obligation. Where tho effect of the time value of money is material, the provision is based on the present value of thos¢ amounts, discour)led al the pre-tax discount rate that reflects the risks sp6¢ific lo the liability. The unwinding of the discount is recognisèd in Ihe Ststemenl of financial a¢livilie5 as a finance cost. Page 10 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 AccauntTrng policles Icontlnuodl 2.9 Flnanclal Instrumènt5 The Charity only has financial as$8ls and financial liabilities ol a kind that qualify as basi¢ flnanclal inslrumenls. Basi¢ financlal Instruments are initially recognis8d al transaction valuo and SLJbs&quently measured at Ih&lr seltl8m8nl value with the exception of bank loans whlch aro subsequently m&8sured al amortised cost using the effective Interest m8thod. 2.10 Fund a¢countlng General funds are unreslrlcled funds which are available for use al the discretion of the Trusloes In furtherance of th8 ganeral objectives of the Charity and whlch hav8 not b@8n designated for other purpos9S. Invgstmgnl income, galns and bsses are allocal&d lo the *pproprialg fvnd. Incomt from donatlon$ and l•gacl&s Unrgstrlcted funds 2023 Total fund$ 2023 Tolol fvnds 2Q22 Levl&s Legacies Gift Ald Olh9r donations and lega¢les 9,298 23,690 1,347 5.135 39,470 9,298 23,690 1.347 5,135 39,470 9,380 8,000 1,261 12,IT2 30,813 Investment In¢om• Unro$tri¢ted funds 2023 Total funds 2023 Total funds 2022 Investrnenl income 12,821 12.821 72,T57 Page 11 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Expgnditurg on ralslng funds Unr•$trl¢tgd funds 2023 Total funds 2023 Tol81 funds 2022 Inveslm¢nl expenses Travel Adrnini81rallon 6xpens&5 Accountsncy fee Bank charges Insurance 2.990 1,785 398 300 72 934 2,99Q 1,785 398 3,395 I,Q09 378 300 101 300 72 934 90Q 6.479 6,479 6,083 Analysls of •xpondltur• on charltabl• o¢tlvlll*$ Summary byfund typ& Unrtstrlctod funds 2023 Total fund$ 2023 Total funds 2022 8enevolenl gran15 50,417 50,417 57,342 Ind•p•ndent examiner'B r?muneratlon Tho indgpondtrnl oxaminer's remuntrralion amounts to an independent examiner feo of £30012022., £30QI Trustees remuneratlon and expensos Du￿ng the year, no trustees received any remuneration or other bon8fits12022= £nlll. During tho yoar endad 31 March 2Q23, Iruslee expenses of £1,785 havo b8èn incurr8d12022.' £1.OCIg1. Page 12 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Fixed a$sot Inv9$tments L15ted Investments Cost or valuatlon Al 1 April 2022 Ravaluations 412,532 {8,3281 Al 31 March 2023 404.206 Al 31 March 2022 412,532 10. Debtors 2023 2022 Du• wlthln on• y•ar Olhgr dobtors 11. Credllor8: Amounts falllng due wlthln on• yaar 2023 2022 Accrual8 and def&rred income 300 300 12. statgmont of fund$ Statamènt of funds - curr•nt year Balance at 31 March 2023 Balanca at 1 April 2022 Galnsl (Losse$ Income Expend5turg General funds 429,470 52,291 156,8961 18.3261 416.539 Summary offund$- prlor year Balance at 7 April Balancs at 31 MarGh 2022 Galn (Losses) 2027 Income Expendilure General funds 464,059 43,5TO (63,425) (14, T34) 429,470 Page 13 SOROPTIMIST INTERNATIONAL OF GREAT BRITAIN AND IRELAND BENEVOLENT FUND NOTesTOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Analysls of nel assets between funds Analysls of net assets between fund8 . current year Unrestrlcted funds 2023 Totsl funds 2023 Flxed assét investments Curr&nl assets 404.206 404,206 12,633 12,633 300 Creditors due within one year Total 416,539 416,539 Unrastricted funds 2023 Total funds 2023 Fixed asset inv&slmenls Currenl assets Creditors wllhin ong yèar Total 412,532 412,532 17.238 13001 429,470 17,238 300 429,470 14. Rolat•d party transaetlons The charlly ha8 8 very close ralallonshlp with Soropllmlsl Inlemallonal Gr8al Brftaln and Ireland ISIGBII Llmlted whl¢h nomina10s all of tha trustees and m8rsagemenl commliteé. Soroplimisl International Great Brllaln and Irgland ISIGBII Llmlled collects levies. payablo by the m&mber5, on behalf ol th@ charity. During the y8ar the amounts collected and rgceived from SoropllmI51 Inlernallonal Great Britain and Ireland ISIGBII Llmiled l018lled £11,576 12r122.' £12,172). There were no balances payable al the balance sheet dalo12022..£nill. No Iruslees received any rernuneralion or Dlhgr benofits diroclly or indirectly from the charity Payments were made lo Iruslges lolallin9 £1.785 for travel expenses12022.. £1,009 travel expensgsl. Pag814