## ## ||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| ##