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|---|---|---|
|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|
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|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|
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|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|
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||||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|
##
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|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|
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|||||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|