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2023-04-05-accounts

Page
General Information
Trustees'
Report		 2-8
Statement ofTrustees' Responsibilities
Auditors'
Report		 10-12
Statement ofFinancial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15-23

FORTHE YEAR ENDED 5 ™
AP		 RI L 2023
Total Total
Unrestricted Capital Year to Year to
Income Funds Funds 5.4.23 5.4.22
Notes 8
INCOME AND ENDOWMENTS FROM:
Income from generated
funds:
Voluntary
income		 100,685
Investments
and other income:
Investment
income		 2 354,191 354,191 346,509
Rental income 2,551
Total income and endowments 354,191 354,191 449,745
EXPENDITURE ON:
Raising funds 94,208 94,208 94,574
Charitable
activities:
Grant Giving
Grant expenditure 470,855 470,855 426,344
Grant related support costs 118,508 118,508 100,427
Property 25,383 25,383 27,213
Management
and administration		 34,353 34,353 28,702
Total expenditure 743,307 743,307 677,260
Net income / (expenditure)
before
gains and losses on investments (389,116) (389,116) (227,515)
Net gains/ (losses) on investments:
Realised on quoted investments 7 200,154 200,154 25,691
Unreal ised on quoted investments 7 (914,824) (914,824) 502,426
(714,670) (714,670) 528,117
NKT INCOME
/ (EXPENDITURE)		 (389,116) (714,670) (1,103,786) 300,602
Transfers
between
funds		 389,116 (389,116)
Other recognised
gains / (losses):
Gains / (losses) on revaluation offixed assets (86,667) (86,667)
NET MOVEMKNT IN FUNDS (1,190,453) (1,190,453) 300,602
Reconciliation offunds:
Fund balances brought
forward
at 6a April 2022 15,350,884 15,350,884 15,050,282
FUND BALANCES CARRIED 14,160,431 14,160,431 15,350,884
FORWARD AT 5m APRIL 2023
The notes on pages 15to 23 form part ofthese accounts
BALANCE SHEET AT 5 r" APRIL 2023
2023 2022
Notes
FIXEDASSETS
Tangible fixed assets 789,873 870,604
Investments 13,493,427 14,447,532
Total fixed assets 14,283,300 15,318,136
CURRENT ASSETS
Debtors 9,510 5,726
Cash at bank and in hand 48,860 80,174
Total current assets 58,370 85,900
CREDITORS
Amounts
falling due within		 one year (174,599) (42,736)
NET CURRENT ASSETS (116,229) 43,164
PENSION LIABILITY 10 (6,640) (10,416)
NET ASSETS 14,160,431 15,350,884
FUNDS
CAPITAL —Expendable Endowment 14,160,431 15,350,884
INCOME —Unrestricted
TOTAL FUNDS 14,160,431 15,350,884

2 INVESTMENT INCOME Year to Year to
5.4.23 5.4.22
The income from investments comprised the following:
Gross income from investments listed on
recognised stock exchanges 351,276 346,362
Gross interest on cash held by investment managers 2,810 146
Gross interest on bank deposit account 105 1
354,191 346,509
GRANTS MADE
Year to Year to
5.4.23 5.4.22
g g g
An analysis ofthe grants by category is as follows:
ASYLUM SEEKERSAND REFUGEES
A Moment's
Peace Theatre		 Co, Glasgow 13,000
Atter 18,Leicester 10,000
Babel's Blessing CIC London 5,000
BigRed Bus Club Limited, London 5,000
Bridges for Communities, Bristol 5,000
Bristol City ofSanctuary 5,000
Compass Collective, Croydon 7,000
English for All, Riding Mill, Northumberland 5,000
Esotperth,
Perth		 14,000
HostNation,
London		 10,000
Jacari, Bristol 10,000
Mamasuze
CIC, London		 12,000
Maun Refuge, Mansfield 12,000
Project Mama, Bristol 10,000
Refugee Migrant Network Sutton 14,000
Refugee Roots, Nottingham 7,000
Refugee Support (Devon) Ltd, Exeter 10,000
Say ItLoud Club, London 7,000
South Yorks Refugee Law k, Justice, Sheffield 14,000
The Blackmore Vale Charity, Dorset 3,000
The Together Free Foundation, Leigh on Sea 6,000
Vanclaron
CIC, Nottingham		 13,000
West Yorks Destitute Asylmn Network (WYDAN) 14,000
211,000 98,397
Carried forward 211,000 98,397

NOT ES TO THE ACCOUNTS ES TO THE ACCOUNTS
FOR THE YEAR ENDED 5r" APRIL 2023
Year to Year to
5.4.23 5.4.22
3 GRANTS MADE (continued)
Brought forward 211,000 98,397
COMMUNITY BASEDINITIATIVES FOR
DISADVANTAGED
YOUNG PEOPLE AGED 16TO 25		 80,555
HOMELESSNESS 71,300
PENAL AFFAIRS
btthechange
CIC,Exeter		 14,000
Kennedy
Street Foundation,		 Brighton tk Hove 10,000
Liberty Chior UK, Hastings 6,000
Lifeline (Harrogate) Ltd 5,000
Maybe Southwest,
Bristol		 12,500
New Hall Kidz Ltd, Wakefietd 14,000
Wish, London 12,000
73,500 35,900
OVERSEAS DEVELOPMENT
UK Based Charities
Joshua Orphan &Community Care, Malawi 4,000
Mityana
Charity, Uganda		 5,000
9,000 63,370
Carried forward 293,500 349,522
Year to Year to
5,4,23 5.4.22
GRANTS MADE (continued)
Brought forward 293,500 349,522
OVERSEAS DEVELOPMENT (continued)
Overseas Charities
Afri-Tanzania
Volunteers
for Change,		 Tanzania 5,000
Amuria Youth Alliance Development Organisation, Uganda 10,000
Banapads, Uganda 10,000
Chipembere
Community
Development		 Organisation, Malawi 10,000
Community
Development
Shield, Uganda		 8,000
Community
Health Initiatives,
Uganda		 5,000
Concern for Neighbours
and Communities,		 Uganda 10,000
Gwefode, Uganda 10,000
Hope for Relief, Malawi 10,000
Lets BeTransformed
(Magufina),
Malawi		 5,000
Nakaseeta
Initiative
for Adult Education,		 Uganda 9,800
Population
&Development
Initiative,		 Tanzania 4,000
Positivo Malawi 7,000
Sustainable
Nature Concern, Tanzania		 5,000
Tigwirane
Manja Foundation,
Malawi		 10,000
Tirinyi Education
and Health Development,		 Uganda 4,555
Up With Community,
Tanzania		 5,000
Voluntourism
for Social Impacts, Tanzania		 4,000
Youth Coordinating
Agency in Development,		 Malawi 5,000
137,355 56,822
SPECIAL —Summer Play Schemes
Social Farms k, Gardens 40,000
40,000
SPECIAL —Other 20,000
470,855 426,344

Year to Year to
5.4.23 5.4.22
f.
Investment managers' fees 94,208 94,574

Long
Leasehold Investment Office Total
Property Property Equipment
Cost or Fair Value
As at 6a April 2022 168,446 700,000 9,545 877,991
Additions 9,120 9,120
Disposals (999) (999)
Revaluation (86,667) (86,667)
As at 5a April 2023 168,446 613,333 17,666 799,445
Depreciation
As at 6o April 2022 7,387 7,387
Charge for the year 2,385 2,385
Eliminated on disposal (200) (200)
At 5a April 2023 9,572 9,572
Net BookValue
At 5'" April 2023 168,446 613,333 8,094 789,873
At 5o April 2022 168,446 700,000 2,158 870,604

FO R THK YEAR ENDED 5r u AP RIL 20 23
Year to Year to
5.4.23 5.4.22
7 FIXEDASSET INVESTMENTS
Quoted investments:
Market value 6+ April 2022 14,284,335 13,964,531
Additions 325,525 46,197
Disposals (485,000) (136,250)
Net gains realised on disposals 200,154 25,691
Increase/ (Decrease) in net unrealised gains (914,824) 502,426
Investment
management
fees deducted		 within fund (115,085) (118,260)
Market value at 5"April 2023 13,295,105 14,284,335
Cost 5a April 2023 8,323,127 8,282,449
Investment
cash with investment		 managers:
At 6a April 2022 163,197 248,199
Additions (325,525) (46,197)
Proceeds ofdisposals 485,000 136,250
Reinvested
income		 354,086 346,508
Net transfers to Fund's bank account (500,000) (545,000)
Bank charges (10) (10)
Investment
management		 fees refunded 21,574 23,447
At 5a April 2023 198,322 163,197
Total fixed asset investments at market value at 5a April 2023 13,493,427 14,447,532
The quoted investments held at 5n April 2023 comprised:
Global balanced
funds		 13,295,105 14,284,335
Total quoted
investments		 at market value at 5a April 2023 13,295,105 14,284,335

Year to Year to
5.4.23 5.4.22
8 DEBTORS
Investment
managers'		 fees rebate 5,029 5,726
Deferred property selling costs 4,105
Prepayments 376
9,510 5,726
9 CREDITORS: falling due within one year
Accountant's
fees		 5,940 4,800
Grants committed but not yet paid 161,550 29,792
PAYE and NIC creditor 1,849 1,828
Sundry other creditors 3,160 4,216
Deferred income 2,100 2,100
174,599 42,736

Changes
in the present value oft		 h e define d benefit deficit obligatio ns
were as follows:
Provision
at start ofperiod		 10,416 45,493
Unwinding
ofthe discount factor		 (interest expense) 196 262
Deficit contributions
paid		 (3,795) (11,512)
Remeasurements
—impact ofany		 change in assumptions (177) (239)
Remeasurements
—amendments		 to the contribution schedule (23,588)
Provision at end ofperiod 6,640 10,416