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|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|13|
|Report ofthe Independent
Auditors|14|to|16|
|Statement of Financial Activities||17||
|Balance Sheet|18|to|19|
|Notes to the Financial Statements|20|to|25|
|Detailed Statement of Financial Activities|26|Io|27|
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|||||||31.8.23|31.8.22|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|E|5|||
|INCONIE AND ENDOWMENTS||FROM||||||
|Investment
income|||2|277,552||277,552|266,967|
|EXPENDITURE ON||||||||
|Raising funds|||3|42,706||42,706|46,377|
|Charitable
activities|||4|||||
|Grants and scholarships||||217,301||217,301|218,276|
|Leadership
project||||18,017||18,017|1,158|
|Mento ring||||45,040||45,040|25,200|
|Observatory||||75,807||75,807|9,532|
|Other||||76482||78.482|62251|
|Total||||475,353||4'1~ 353|362794|
|Net gains/(losses)|on investments||||~227,518|221,518|801,377|
|NET INCOME/(EXPENDITURE)
Transfers
between funds|||12|(197,801)
191393|(221,518)
~191,3937|(419,319)|(897,204)|
|Net movement
In|funds|||(6,408)|(412,911)|(419,319)|(897,204)|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||6,408|8,701,660|8,708,068|9,605,272|
|TOTAL FUNDS CARRIED FORWARD|||||8288 749|8 288 749|8.768668|
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|2.|INVESTME|NT INCOME|||||
|---|---|---|---|---|---|---|
||||||31.8.23|31.8.22|
||||||6||
||Investment|income - dividends|||272,465|266,465|
||Deposit account interest||||5,087|502|
||||||277,552|~286967|
|3.|RAISING FUNDS||||||
||Investment|management|costs||||
||||||31.8.23|31.8.22|
||||||6|6|
||Portfolio management||||42,706|46,377|
|4.|CHARITABLE ACTIVITIES COSTS||||||
||||||Grant||
||||||funding
of||
||||||activities||
|||||Direct|(see note||
|||||Costs|5)|Totals|
|||||F|||
||Grants and|scholarships|||217,301|217,301|
||Leadership|project|||18,017|18,017|
||Mentoring|||45,040||45,040|
||Observatory|||75807||75807|
|||||~I20 847|235318|356,165|
|5.|GRANTS PAYABLE||||||
||||||31.8.23|31.8.22|
|||||||6|
||Grants and|scholarships|||217,301|218,276|
||Leadership|project|||18,017|1,158|
||||||235318|219434|
|6.|SUPPORT|COSTS|||||
||||||Governance||
|||||Management|costs|Totals|
|||||5|6|6|
||Other resources expended|||60,344|16,138|76,482|
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|Support costs, included|in|the above, are as follows:|||
|---|---|---|---|---|
||||31.8.23|31.8.22|
||||Other||
||||resources|Total|
||||expended|activities|
||||6|5|
|Travel expenses|||1,240|35|
|ITand website costs|||6,261|6,161|
|Executive officer|||38,364|24,704|
|Marketing|||800|2,345|
|Office expenses|||358||
|Monitoring
costs|||5,705|6,505|
|Project co-ordinator|||3,616|3,248|
|Deputy executive officer|||4,000||
|Trustees' expenses|||2,494|62|
|Auditors'
remuneration|||3,600|3,120|
|Auditors'
remuneration|for|non audit|||
|work|||1,200|1,200|
|Insurance|||639|622|
|Bank charges|||748||
|Sundry expenses|||114||
|Administrative
assistance|||5,396|5,889|
|Conference costs||||2,486|
|Trustee training|||1,347||
|Trustee recruitment|||600|5,874|
||||76,482|62,251|
|NET INCOME/(EXPENDITURE)|||||
|Net income/(expenditure)||is stated after charging/(crediting):|||
||||31.8.23
5|31.8.22
f|
|Auditors'
remuneration|||3,600|3,120|
|Auditors'
remuneration|for|non audit work|1,200|1,200|
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|FIXEDASSET INVESTMENTS||
|---|---|
||Listed|
||investments|
||6|
|MARKET VALUE||
|At 1 September 2022|8,574,427|
|Additions|2,182,759|
|Disposals|(2,405,632)|
|Revaluations|16,367|
|At 31 August 2023|8 387,921|
|NET BOOK VALUE||
|At 31August 2023|8.387,921|
|At 31August 2022|8874 427|
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|10.|DEBTO|RS:|AMOUNTS
|FALLING DUE|WITHIN ONE Y|EAR||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.8.23
f|31.8.22|
||Accrued|interest and dividends||||||33,472|30,942|
|11.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE||YEAR||||
|||||||||31.8.23
f|31.8.22
8|
||Grants|payable
- other recipients||||||435,477|318,750|
||Accrued|expenses||||||4,560|4 320|
|||||||||440,037|323,070|
|12.|MOVEMENT||IN FUNDS|||||||
||||||||Net|Transfers||
|||||||movement||between|At|
||||||At 1.9.22|in|funds|funds|31.8.23|
||||||||8|8|F|
||Unrestricted||funds|||||||
||General|fund|||6,408|(197,801)||191,393||
||Endowment||funds|||||||
||Expendable||Endowment|Fund|8,701,660|(221,518)||(191,393)|8,288,749|
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|Net movemen|t|in funds,|inc|lud|ed
in t|he above|are as follow|s:|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Incoming|Resources|Gains and|Movement|
||||||||resources|expended|losses|in funds|
||||||||6|6||6|
|Unrestricted||funds|||||||||
|General
fund|||||||277,552|(475,353)||(197,801)|
|Endowment||funds|||||||||
|Expendable|Endowment||Fund||||||(221,518)|(221,518)|
|TOTAL FUNDS|||||||277,552|(475,353)|~221 518)|~419319|
|Comparatlves||for movement|||In funds||||||
|||||||||Net|Transfers||
|||||||||movement|between|At|
||||||||At 1.9.21|in funds|funds|31.8.22|
|||||||||E|6|E|
|Unrestricted||funds|||||||||
|General
fund|||||||45,857|(95,827)|56,378|6,408|
|Endowment||funds|||||||||
|Expendable|Endowment||Fund|||9,559,415||(801,377)|(56,378)|8,701,660|
|TOTAL FUNDS|||||||||||
|Comparative||net movement||in|funds,|included|in the above|are as follows:|||
||||||||Incoming|Resources|Gains and|Movement|
||||||||resources
f|expended|losses
5|in funds|
|Unrestricted||funds|||||||||
|General
fund|||||||266,967|(362,794)||(95,827)|
|Endowment||funds|||||||||
|Expendable|Endowment||Fund||||||(801,377)|(801,377)|
|TOTAL FUNDS|||||||~266967|~362794)|~801 377|~897204)|
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|A current ye|ar 12 months|and prior y|ear 12months
combi|ned
position
is|as follows:||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.9.21|in funds|funds|31.8.23|
||||6|6|6||
|Unrestricted|funds||||||
|General fund|||45,857|(293,628)|247,771||
|Endowment|funds||||||
|Expendable|Endowment|Fund|9,559,415|(1,022,895)|(247,771)|8,288,749|
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|
above are as|
follows:|y|
||,|ncue
in t|
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||6|6|6|
|Unrestricted|funds||||||
|General
fund|||544,519|(838,147)||(293,628)|
|Endowmentfunds|||||||
|Expendable|Endowment|Fund|||(1,022,895)|(1,022,895)|
|TOTAL FUNDS|||~544519|~838,147|(1~022895)|(1,316,523)|
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