| Page | |
|---|---|
| GeneralInformation | I |
| Trustees'Report | 2-8 |
| StatementofTrustees' Responsibilities | 9 |
| Auditors'Report | t0-t2 |
| Statomentof FinancialActivities | t3 |
| Balance Sheet | l4 |
| Notes to theFinancialStatements | t5-23 |
| GENERALINFO | RMATION |
|---|---|
| Constitution | Charitabtesettlementdated8ftMay1963 |
| ChadtyRegistrationNumber ?32591 | |
| Registered | DawesRoadHub,20Dawes Road, |
| Address | LondonSW67EN |
| Trustees | The appointment ofnew ffustees isbydeedatthediscretion ofthe trusteesforthe |
| timebeing.Thetrusteeswhohave servedduringthe yearare: | |
| JRARamptonKC (deceased}3dDecember 2023) MsMEBaxterCBB |
|
| ProfMBHRamPton RARampton ' MsE Jenkins MsSKhatun |
|
| Prof CHRodeck BMbubi |
|
| DWRodeck(appointed27ft September}OZ3) AJMRamPton |
|
| MrsE KRodeck ProfDSRampton |
|
| MainTerms | Income and capitalaretobeappliedinortowardsthefurtheranceofsuch charitablepurpoies orobjectsasthe tnrsteesthinkfit' |
| Investment Powens |
Thetrusteeshave thesamefull,fteeandunresticted powers of iruestmentasif n"y*o"absolutely entitledtothe Trustfundbeneficially(clause6ofthe |
| settlement). | |
| Originsand Policy |
TheFundwascreatedas ageneralcharitabletust.Thetrustges have a continuinginterestinoversias aidandinminorities, however defined,intheUK' Grantsaxenot normallymadeforwellestablished causesortoindividuals,and overseasgrants concentrate ondevelopmentaidinpreferencetodisasterrelief' |
| Director | CRafferty |
| DawesRoadHub,20DawesRoad | |
| LondonSW67EN | |
| Advlsers | Bankers Solicltors |
| CAFBanKLtd DixonWard |
|
| 25KingsHillAvenue KingsHill,ril/estMalling KentMEl94JQ 16TheGreen Richmond SuneyTW9lQD |
|
| Investment Managers | |
| Sarasin andPartnersLLP Ruffer LLP |
|
| JuxonHouse 80VictotiaStreet |
|
| 100 StPaul'sChrrchYard London |
|
| London EC4MSBU SWIE5JL |
| GRANT SPENDING20?3124(greyltne | GRANT SPENDING20?3124(greyltne | shows2022123figu | res) | |||
|---|---|---|---|---|---|---|
| GRANTPRIORITY | Number of |
Amount Spent |
Vo Grant |
of | Average Grant |
|
| Grants | Soendine | |||||
| Seekersand | 50 | s509.701 | 564o | gLO,L94 | ||
| 2i | t211,000 | 45Vo | f9.174 | |||
| PenalAffairs | t2 7 |
s141,800 !73.500 |
16Vo r6% |
f11.817 il0,500 |
||
| Overseas | 25 21 |
9205,260 t146.3s5 |
23Vo 3lVo |
s8,2\0 {6.969 |
||
| PlaySchemes | 1 I |
f40,000 f40,000 |
4Vo EVo |
f40,000 !,40.000 |
||
| Other | 2 | s5,500 | lVo | s2350 | ||
| TOTAL | 90 | &902,26L | l00Vo | 99.688* | ||
| 52 | t470.855 | 100Vo | 18,448* | |||
| *Averaga | onprojectslessplayschemes,n= | tbeyear2023?A(51fot |
| FORTIIEYEAR ENDED5TIIAP | RIL202 | 4 | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Capital | Year to | Yearto | ||
| Notes | Income F'unds f, |
Fundsf | 5.4.24 s |
5.4.23 f, |
|
| INCOMEANDEhIDOWMENTS | FROM: | ||||
| Incomefromgeneratedfunds: | |||||
| Voluntaryincome | |||||
| Investmentsand otherincome: Investmentincome |
2 | 382,203 | 382,203 | 354,191 | |
| Other income | 2,100 | 2,LO0 | |||
| Totalincomeandendowments | 384,303 | 384,303 | 354,1,91 | ||
| EXPENDITURE ON: | |||||
| Raising funds | 5 | 88,233 | 88,233 | 94,208 | |
| Charitable activities: | |||||
| GrantGiving | |||||
| Grant expenditwe | 3 | 902,26t | 902,261 | 470,855 | |
| Grantrelatedsupport costs | 4 | 127,630 | r27,630 | 118,508 | |
| Property | 29,232 | 29,232 | 25,383 | ||
| Managementandadministration | 4 | 35,664 | 35,664 | 34,353 | |
| Totalexpenditure | 1,183,020 | 1,183,020 | 743,3W | ||
| Netincome/(expenditure) before gains andlossesoninvestrnents |
(798,7t7) | (798,117) | (389,116) | ||
| Netgains/ (losses) oninvestments: | |||||
| Realisedon quotedinvestments | 7 | 124,M8 | lU,648 | 200,154 | |
| Unrealisedon quotedinvestments | 7 | 288,766 | 288,766 | (914,824) | |
| 4r3,4L44t3,414 | (114,670' | ||||
| NETTNCOME/(EXPENDTTURE) | (798,717) | 4L3,414 | (385,303)(1,103,786) | ||
| Transfersbetweenfunds | 798,717 | (798,7 | t) | ||
| Other recognised gains/(losses): Gains/(losses)onrevaluationof fixedassets |
Q6,666)(26,666)(86,667) | ||||
| NETMOVEMENT INFUNDS | (411,969)(41r,969)(1,190,453) | ||||
| Reconciliationoffunds: | |||||
| Fundbalancesbroughtfonpard | |||||
| at6mApril2023 | 14,L60,431 14,16A,43115,350,884 | ||||
| FUI\DBALANCES CARRIED | 13,748A6213,748,462r4,160,43t | ||||
| FORWARD ATsTHAPRIL2024 |
| BALAhICESHEETAT5EAPRIL2024 | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Notes | s | s | |
| Fil(EDASSETS | |||
| Tangible fixedassets Investments |
6 7 |
761,050 13,310,221 |
789,873 13,493,4n |
| Totalfixedassets | I4,A7r,271 | 14283,300 | |
| CURREITITASSETS | |||
| Debtors | 8 | 20,427 | 9,510 |
| Cashatbank andinhand | 68,547 | 48,860 | |
| Totalcurrentassets | 88,974 | 58,370 | |
| CREDITORS | |||
| Amountsfallingduewithinoneyear | 9 | (408,681) | (174,599) |
| NET CURRENTASSETS | (3teJw) | (t16,229) | |
| PENSIONLIABILITY | l0 | (3,102|(6,640) | |
| NETASSETS | 13,748,462 | 14,L60,431 | |
| FTJNDS | |||
| CAPITAL-ExpendableEndowment | 13,'148,462 | 14,160,431 | |
| INCOME-Unrestricted | |||
| TOTALFUNDS | 13,748462 | 14,160,431 |
| 2 | I]\IVESTMENTINCOME | Yearto | Yearto | Yearto | |
|---|---|---|---|---|---|
| s.4.24f | s.4.?3 c |
||||
| Theincomefrominvestments comprisedthefollowing: | |||||
| Grossincomefrominvestments listed on | |||||
| recognisedstockexchanges | 377,263 | 351,276 | |||
| Grossinterest oncashheld by investmentmanagers | 4,637 | 2,810 | |||
| Grossintprestonbankdepositaccount | 303 | 105 | |||
| 382,203 | 354,tgt | ||||
| ====== | |||||
| 3 | GRANTSMADE | ||||
| Yearto | Year to | ||||
| fr | 5.4.24 s |
5.4.23f | |||
| Ananalysisofthegrantsbycategoryisasfollows: | |||||
| ASYLUMSEE,KERSAI\DREFUGEES | |||||
| 4Wings NorthwestCIC | 13,000 | ||||
| Anchor Project,Yorks&TheHumber | 9,000 | ||||
| ArtRefuge, South West England | 14,000 | ||||
| AsylumandRefugee CommunityBlackbum | 10,000 | ||||
| Birmingham CommunityHostingNetwork | 10,000 | ||||
| Bramber Bakehouse,South EastEngland | 10,000 | ||||
| CambridgeRefugeeResettlementCamp | 14,000 | ||||
| CommunityArts by Z,KCIC,North West England | 14,000 | ||||
| ConnectedRoutesCIC,London | 10,000 | ||||
| DerbyRefugeeForum | 5,300 | ||||
| Diversity Voice | 14,000 | ||||
| EastKilbridgeCitizensAdviceBureau, Scotland | 6,803 | ||||
| ExcelWomen'sAssociation, London | 7,000 | ||||
| GlasgowAfghan United | 10,000 | ||||
| GlobeCommunityProject,l,ondon | 13,394 | ||||
| GoodCompany(Surrey) | 5,000 | ||||
| Growing Together Levenshume, North West England | 14,000 | ||||
| HanseaticUnion,East of England | 6,000 | ||||
| HarehillsEnglishLanguage Project, Yorks&The Humber | 10,812 | ||||
| HertsWelcomesRefugees | 14,000 | ||||
| HopeESOLCIO, Yorks&TheHumber | 10,000 | ||||
| Human RightsSolidadty,London | 12,000 | ||||
| LeedsDestituteAsylumSeekersSupport,Yorks&TheHumber | 10,760 | ||||
| Living Vital,SouthEastEngland | 10,000 | ||||
| MafwaTheatreCIC, Yorks&TheHumber | 7,000 | ||||
| Muslim Women's Council,Yorks&TheHumber | 7,800 | ||||
| NewArtStudio,London | 14,000 | ||||
| Outdoorsfor you SCIO,Scotland | 10,000 | ||||
| Carriedforward | 291,869 |
| FOR | THEYEAR EI\DEDsTHAPRIL2024 | Yearto | Yearto | |
|---|---|---|---|---|
| s.4.24 | 5.4.23 | |||
| f | g | g | ||
| 3 | GRANTSMADE(continued) | |||
| Brought forward | 29t,869 | |||
| RAISLancaster | 11,000 | |||
| Refugee Futures,NorthEastEngland RefugeeWorkerCulturalAssociation RefugeeYouthServiceUKCIC,South EastEngland Refugees&Mentors CIC,NorthWestEngland Saathi House, WestMidlands |
5,000 5,000 8,640 12,000 9,000 |
|||
| Sal'sShoes,South EastEngland | 10,000 | |||
| SconishDetaineeVisitors | 14,000 | |||
| ShareKnowsley,NorthWest England Solidaritech CIC,Yorks&The Humber |
10,000 13,692 |
|||
| Southampton&WinchesterVisitorsGroup Space4UCardiff StirlingSchoolofEnglish, Scotland StocktonStPeter'sESOL Group, NorthEastEngland |
10,000 14,000 14,000 10,000 |
|||
| Stories and Supper,London | 10,000 | |||
| StoriesofHope andHome,WestMidlands | 10,000 | |||
| StudentAction forRefugees(STAR)'South EastEngland | 10,000 | |||
| The Gap-Wales The SanctuaryEastboumeCIC WelcomeGroupHalesowen |
10,000 6,500 6,000 |
|||
| Wings ofHopeCommunityAssociation, London Xenia, London |
5,000 14,000 |
|||
| 509,701211,000 | ||||
| PENAL AFFAIRS | ||||
| Children's BookProjecfLondon | 10,000 | |||
| Community Chaplaincy,Norfolk DWRMConsultants,WestMidlands |
10,000 14,000 |
|||
| EastLondonMetropolitanOPera Fresh Start FutureEnterprisesLtd,Eastof England |
10,000 10,000 |
|||
| F\rturesUnlocked,tffestMidlands | 14,000 | |||
| Inside Justice,Yorks&TheHumber | 14,000 | |||
| KestralTheatreCompany,South EastEngland | 10,000 | |||
| Prodigal Arts, SouthWestEngland Sixty-One,SouthWest England TheRightKey(Lisburn)CIC,Northem lreland |
12,000 10,000 13,800 |
|||
| TheWelcomeDirectory,London | 14,000 | |||
| 141,80073,500 | ||||
| Cidforward | 651,501284,500 |
| TIMIIILDENCI{ARITABLEFUND NOTESTOTIIEACCOUNTS |
TIMIIILDENCI{ARITABLEFUND NOTESTOTIIEACCOUNTS |
t9 | ||
|---|---|---|---|---|
| FORTHE YEAR ENDEDsTHAPRTL2024 | ||||
| Yearto | Year to | |||
| s | 5,4.24 s |
5.4.23t | ||
| 3 | GRANTSMADE(contlnued) | |||
| Broughtforward | 6s1,s0i | 284,500 | ||
| OVERSEASDEVELOPMENT | ||||
| UKBasedCharities | 9,000 | |||
| OVERSEASDEVELOPMENT(continued) | ||||
| OverseasCharities | ||||
| AdilishiChildandYouthDevelopmentOrganisation,'fanzania | 9,000 | |||
| Awamu, Uganda | 10,000 | |||
| CaringforPersonswithDisabitities,Malawi | 9,800 | |||
| Conservation of Naturefor Survival,Tanzania | 5,000 | |||
| DevelopmentActionfor Marginalised Rural Communities,Malawi | 9,800 | |||
| Dteamweaver Foundation,Malawi | 10,000 | |||
| ExtraMileDevelopment Foundation,Malawi | 6,250 | |||
| FemmeIntemational,Tanzania | 10,000 | |||
| Hope PIusOrganisation,Malawi | 8,000 | |||
| kiseInternational, Uganda | 5,000 | |||
| Maisha Outreach Therapy Organisation,Tanzaria | 10,000 | |||
| Masonani WomenforParents CareOrganisation,Tanzania | 5,000 | |||
| MlaliCommunity Trust, Tanzania | 10,000 | |||
| Mphatso Zathu Foundation,Malawi | 5,000 | |||
| Nguzo WomenandYouth Foundation, Tanzania | 5,000 | |||
| ProvenFoundation, Uganda | 8,000 | |||
| SaintAnnFoundation,Uganda | lo,0o0 | |||
| SeeThemGrowFoundation,Uganda | 10,000 | |||
| SourceoftheNileUnion, Uganda | 10,000 | |||
| Umodzi YouthOrganisation,Malawi | 10,000 | |||
| UmojaTanzania Incorporated | 9,430 | |||
| Umunthu Plus,Malawi | 9,980 | |||
| ValueLifeTanzania | 5,000 | |||
| WithWomen Kisoboka,Uganda | 5,000 | |||
| World ActionFund,Uganda | 10,000 | |||
| 205,26A | 137,355 | |||
| SPECIAL-SummerPlaySchemes | ||||
| SocialFarms&Gardens | 40,000 | |||
| 40,00040,000 | ||||
| SPECIAL-Other | ||||
| Institute for Voluntary ActionResearch(IVAR),London | 500 | |||
| UniversityofKent | 5,000 | |||
| 5,500 | ||||
| 902,261 | 470,855 |
| OVERHEADE)trENSES Nlocationofexpenditurebetweendirectcharitableactivityan tiitY |
dmanagem | entand |
|---|---|---|
| administrationacv ResourcesExpendedonManagement& CharitableActivitiesAdministration ss |
Total 2024 9, |
Total 2023f |
| Salariesandpensioncosts Pastpensiondeficitremeasuremonts&interest Telephone andinternet Stationery andcoPYing Cleaner/Cleaningmaterials Conferences/courses Bank charges Sundries Computerandwebsite costs SubscriptionsandPublications Postage andfrankingmachinerental Travelandsubsistence Auditfee AccountancY Consultancy&professionalfees* Depreciation 107,580 218 878 44 1,492 L,336 740 308 sJ33 1,282 IN 79 18,985 39 155 8 263 236 131 54 1.,0r2 226 22 t4 3,480 9,660 1,055 324 5,980 1,933 |
126,565 257 1,033 52 rJ5s 1,572 871 362 6,745 1,508 149 93 3,480 9,650 7,035 2,157 |
118,876 19 s56 4l 1,517 279 582 1,579 r1,422 1,490 213 3,480 9,960 35 2,385 427 |
| Loss on saleofflxedassets | ||
| 127,630 35,664 |
163,294 | 152,861 |
| :=== |
| II\MESTMENTRELATEDEXPENSES | ||
|---|---|---|
| Yearto | Yearto | |
| 5.4,24f | 5.4.23 s |
|
| Investment managers'fees | 88,233 | 94,208 |
| TANGIBLEFIXEDASSETS | ||||
|---|---|---|---|---|
| Long | ||||
| Leasehold | Investment | Office | Total | |
| Property s |
Propertyf | Equipment s |
s | |
| CostorFairValue | ||||
| Asat6ftApfl2}23 | 168,M6 | 613,33317,666 | 799,445 | |
| Additions | ||||
| Disposals | ||||
| Revaluation | (26,666> | Q6,666) | ||
| Asat 5hApril2024 | L68,446 | 586,66717,666 | 772,779 | |
| Depreciation | ||||
| Asat66 Apil2o23 | 9,572 | 9,572 | ||
| Chargeforthe year | 2,L57 | 2,757 | ||
| Eliminatedondisposal | ||||
| AtlbAprtl}O}4 | ll,7z9 | 11,729 | ||
| NetBookValue | ||||
| At5trApril2024 | 168,446 | 586,667 5,937 | 761,050 | |
| AtSftApril2023 | 168,446 | 613,333 8,094 | 789,873 |
| Yearto | Year to | ||
|---|---|---|---|
| 5.4.24 | 5.4.23 | ||
| g | g | ||
| 7 | FIXEDASSETINVESTMENTS | ||
| Quotedlnvestments: Marketvalue6eAPnI 2023 Additions Disposals Net gainsrealisedon disPosals Increase/(Decrease)innetunrealised gains Investment managementfeesdeductedwithin fund |
13,295,L05 70,89L (477,500) 124,648 288J66 (108,627) |
14,284335 325,525 (485,000) 200,154 Ql4,8A+) (115,085) |
|
| Market valueat5hAPril2024 | 13,193,283 | 13,295,105 | |
| Cost 5ftApril2024 | 9,041,1668,323,1n | ||
| Investmentcashwithinvestmentmanagers: At6d'April2023 Additions Proceedsofdisposals Reinvestedincome Nettransfersto Fund'sbankaccount Bank charges Investmentmanagementfeesrefunded |
198,322 (70,891) n7,sffi 381,900 (890,030) 20,r37 |
163,197 (325,525) 485,000 354,086 (500,000) (10) 2I,574 |
|
| At5thApril2024 | 116,938 | t98,322 | |
| Total fixedassetinvestmentsat market value at5rhApril2024 | l33la,22l | 13,493,4n | |
| Thequotedinvestmentsheld at5thApril2024comprised: Globalbalancedfunds |
r3,t93283 | t3295,t}s | |
| Totalquotedinvestmentsatmarketvalueat5tbApril2024 | 13,L93,2g313,295,105 |
| FO | RTIIEYEARENDEDsTHAPRIL2024 | ||
|---|---|---|---|
| Year to | Year to | ||
| 5.4,24 s |
5.4.?3f | ||
| E | DEBTORS | ||
| Investment managers'feesrebate | 5,285 | 5,029 | |
| Deferred prope$y sellingcosts | 11,780 | 4,105 | |
| Prepayments | 624 | 3'.16 | |
| Rentaldepositheld | 624 | ||
| Pension paymentinadvance | 2,114 | ||
| 20,4n | 9,510 | ||
| 9 | CREDITORS: failingduewithinoneyear | ||
| Accountant'sfees | 6,180 | 5,940 | |
| Grantscommitted but notyetpaid | 396,243 | 161,550 | |
| PAYEandNIC creditor | 2,958 | 1,849 | |
| Sundry other creditors | 3,300 | 3,160 | |
| Deferred income | 2,r00 | ||
| 408,681 | t74,599 |
| Changesinthe present valueofthedefined benefitdeficitobligatio | nswereasfollows: | |
|---|---|---|
| Provisionat startofperiod | 6,640 | 10,416 |
| Unwindingof the discountfactff(interestexpense) | 255 | 196 |
| Deficitcontributions paid | (3,795) | (3,795) |
| Remeasurernents-impact ofany changeinassumptions | ., | (r77) |
| Remeasurements-amendmentstothecontributionschedule | ||
| hovisionatendofperiod | 3,102 | 6,640 |