REGISTERED CHARITY NUMBER: 269655
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
MIRIAM DEAN REFUGEE TRUST FUND
Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ
MIRIAM DEAN REFUGEE TRUST FUND
CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023
|
Page |
Page |
Page |
Report of the Trustees |
1 |
to |
4 |
Independent Examiner's Report |
|
5 |
|
Statement of Financial Activities |
|
6 |
|
Balance Sheet |
|
7 |
|
Notes to the Financial Statements |
8 |
to |
14 |
Detailed Statement of Financial Activities |
|
15 |
|
MIRIAM DEAN REFUGEE TRUST FUND
REPORT OF THE TRUSTEES For The Year Ended 31 December 2023
TheTrusteesoftheMiriamDeanRefugeeTrustFund(MiriamDeanFundortheFund)presenttheir report
withtheUnauditedFinancialStatementsofthecharityfortheyearended31December2023. The
TrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Mission Statement
TheTrusteesfeelthattheFund'sguidingprincipleiswellexpressedinourstrap-line'Reachingout to
theworld'spoorest'whichwebelieve,effectivelyencapsulatesourmissionstatement.Weaimto do
whatwecantobenefitsomeofthepoorestpeopleandcommunitiesintheworld,whereverwe find
them.
Giventhatweareonlyacomparativelysmallcharity,weacceptthelimiteddifferencethatwecan make
tosuchabroadlydefinedgroupofpotentialbeneficiaries.Nevertheless,thepartnersandprojects that
wesupportareselectedbecausewebelievethatthebeneficiariesareindeedamongtheworld'spoorest -
andthatthemoneywesendwillmakearealdifferencetothewell-beingofthefewthatweareable to
reach.WefeelthisechoesMiriam'sresponsewhenvisitingGermanyin1947:shelaterwrotethat she
had felt moved "to lift just a tiny corner in this vast weight of suffering".
Public benefit
Indecidingongrantstobemadeeachyear,bothforannualmaintenanceandforone-offitems, the
TrusteeshaveregardtotheCharityCommission'sgeneralguidanceonpublicbenefitandthe prevention
andreliefofpoverty.Wealsoensurethatallgrantsmadeareinlinewithourcharitableobjectsand the
provisionsofourTrustDeed.WhilstsomeofourpartnersareChristianorganisations,we assure
ourselvesthattheyservethepooranddisadvantagedintheirareasirrespectiveofrace, sexual
orientation, religion, creed, age or gender and avoid evangelisation or attempted conversion.
Page 1
MIRIAM DEAN REFUGEE TRUST FUND
REPORT OF THE TRUSTEES For The Year Ended 31 December 2023
OBJECTIVES AND ACTIVITIES
Grantmaking
Ourregularpoliciesandcommitmentsinrespectofgrant-makingaredescribedbelow.Applyingthose in
theearlypartoftheyear(grantsaregenerallymadeinApril),broughttheplanningfigureforgrants in
2023toalittleunder£137k.Ultimately,thetotalwesentoverseaswasslightlymoreat£125.7k which
reflectedthecautionweexpressedinlastyear'sreportfollowingpoorfinancialperformancethe previous
year (see also below).
In 2023 we supported the following partners with Annual Maintenance Grants (AMG):
-
AHM TRUST in Dharmathupatti, near Bodinayakanur, Tamil Nadu: its medical clinic provides primary health care for the poor and its work has expanded to include outreach programmes in their area, aimed at raising awareness of HIV/AIDs and promoting prevention techniques; providing training opportunities for young people; care for both male and female elderly and a home for abandoned and orphaned children.
-
JEEVAN JYOTHI HOSPICE at Peryakulam, near Theni, Tamil Nadu: a 40-bed facility with ancillary out-patient provision, including training and outreach programmes focussed particularly on HIV/AIDs treatment.
-
HOLY CROSS SPECIAL SCHOOL in Mannackanad, near Pala, in Kerala: provides education for physically and mentally handicapped pupils and training opportunities for young people as they come to the end of their schooling provision.
-
RURAL AREA DEVELOPMENT TRUST (RUADT): provides education and physiotherapy for mentally handicapped children and young people as well as accommodation and support for physically handicapped youngsters in Dharmathupatti near Bodinayakanur, Tamil Nadu. In addition, we support their work with the elderly.
-
LOAVES AND FISHES NETWORK (L&FN): operates extensively in and around East London in South Africa, supporting pre-schools for poor and disadvantaged children.
-
The COMMUNITY ORGANISATION DEVELOPMENT INITIATIVE (CODI): provides educational support and vocational training for young men in the Kawangware area in Nairobi, Kenya.
AMGaremadeinsupportofknownprogrammeswhichhavebeenseenonvisitsbythetrustees and
change little from year to year.
One-off grants were also planned as follows:
-
Photocopier, laptop and tablet for the AHM Trust.
-
Support to a Life-coping Skills programme and two light motorcycles for the DEEPAM organisation which aims to improve educational outcomes for Dalit children in poor rural villages and urban communities around Vathalagundu, near Dindigul, Tamil Nadu.
-
o External cookhouse and Wi-Fi equipment at JEEVAN JYOTHI. o Additional maintenance grant, handrail and refurbished steps to the playground and new equipment for the playground at the HOLY CROSS SPECIAL SCHOOL, Mannackanad.
-
o Support for 20 destitute families via RUADT.
-
Further textbooks and a donation for a staff Christmas party for CODI.
-
Sponsorship for 'Elderlies' at the Tibetan Homes Foundation, northern India.
ACHIEVEMENT AND PERFORMANCE
TwotrusteesmadeavisittosouthernIndiainFebruaryandspentacoupleofdayswitheachofour five
partnersthere.Weheldvideo-callswithCODIandL&FNinthespringandacatch-upcallwith all
partners in the autumn. We are also in regular contact by e-mail.
Weheldawell-attendedfeedback(fromtheIndiavisit)sessioninJuneforsupporterswithinreach of
NewburyandplannedforavisittotheWestEndURCinNewcastle(which,however,tookplace in
February2024).Thewebsite,newslettersandoccasionale-mailshavecontinuedasthemainstayof our
contact, and we held the annual coffee morning in October at St Nicolas, Newbury.
Page 2
MIRIAM DEAN REFUGEE TRUST FUND
REPORT OF THE TRUSTEES
For The Year Ended 31 December 2023
FINANCIAL REVIEW
Withinouroverallarrangements,theTrusteesoperatedasinglerestrictedfund;Christopher'sFund was
establishedtosupportannualmaintenanceattheHolyCrossSpecialSchool,Mannackanad.Sending that
grantin2023exhaustedthisFund(asitwasalwaysrecognisedwouldhappen).Intotalovermore than
tenyearsChristopher'sFundhasrealisedmorethan£107kandhasmadeawonderfulcontribution. We
willcontinuetosupporttheSpecialSchoolfromgeneralfundsaswedidpriortothereceiptofthe gift
which became Christopher's Fund.
TheTrusteesaimtoensurethatadequatefundsareheldtoensurethatthecharitableactivitiesof the
Fundcancontinueforthefuture.WebelievethereservestobesufficienttoenabletheFundto continue
sendingmoneystoourpartnersandothers,ataboutthelevelachievedinrecentyears,foratleast the
next three years.
Weoperatetwoformalpoliciesregardingourfunds.Firstly,alllegaciesreceivedarecreditedto a
Reserve(LR)whichistobespentwithinanapproximately7-yearperiod;ie.~15%oftheLRwill be
spenteachyear.Secondly,manyofourpartnersneedannualgrantsprincipallytopayloyalstaff who
deliverservicestotheircommunities.OurpolicyisthatanAMG,oncemadetoapartner,is guaranteed
atthesamecashlevelfortwofurtheryears(1+2);webelievethisoffersthepartnerthe necessary
stability to plan activities.
Afteraverydifficulttimein2022,ouroverallfinancesrecoveredsomewhatduringtheyear, significantly
helpedbyalegacyofnearly£126k.However,donationsdeclinedagainto~£45kwithalimited number
ofgeneroussupportersprovidingasignificantproportionofthat.CAFBankclosedtheaccountwhich had
beenourmaininvestmentovermanyyears.Aftercarefulresearchwemadeamaininvestmentwith the
BrewinDolphinGroupandthenusedtheCAF/Flagstonefacilitytodiversifyandprotectother sums.
Pleasingly, investment income held up and more than met our expenses.
Summary
Income |
|
Expenditure |
|
Donations (inc. Gift Aid) |
£45.2k |
Routine grants to partners |
£125.7k |
Legacies |
£143.9k |
|
|
Investment income |
£14.0k |
Expenses |
£ 5.0k |
Total |
£203.1k |
Total |
£130.7k |
(Thesummaryaboveispresentedinroundedcashtermsandmaynotaligncompletelywiththe formal
accounts which follow.)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Fund is controlled by its governing document, a deed of trust, and is an unincorporated charity.
Recruitment and appointment of new trustees
CurrentTrusteesarepermittedtorecruitandappointlike-mindedindividualstobecometrusteesof the
Charity. The decision to appoint is at the discretion of the current Trustees.
Management
The Fund has no paid staff, no accommodation and no fixed outgoings.
WhilstallexpensesarereimbursedandthecostoftravellingispaidbytheFund,allofthework involved
inadministeringtheFundisundertakenbythefiveTrusteeswithoutremuneration.Allofthe Fund's
expensesaremorethancoveredbyincomefromfundsretainedinaccordancewiththepolicies described
above.TheTrusteesfeelthatthisenablesustojustifiablyclaimthatwesendoverseaseverything given
by supporters (' every penny given goes ').
Risk management
AllTrusteesacknowledgethatwehaveadutytoidentifyandreviewtheriskstowhichtheFund is
exposed,andweensureappropriatecontrolsareinplacetoprovidereasonableassuranceagainst fraud
anderror.Wetakeoutsuitableinsurancetoprovidefurtherprotectionagainstsuchrisks.Itisa guiding
principle that trustees visit our partners (except those in receipt of small amounts) every couple of years.
Page 3
MIRIAM DEAN REFUGEE TRUST FUND
REPORT OF THE TRUSTEES
For The Year Ended 31 December 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
269655
Principal address
Hidden House
3 Ladwell Close
Newbury
Berkshire
RG14 6PJ
Trustees
Jenny Buchanan
Robert Buchanan
Andy Moore
Sheila Moore
Laura Buchanan
The working name used in all our activities is the Miriam Dean Fund.
Independent Examiner
RML Taylor FCCA
Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ
Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:
.......................................................
Andy Moore - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MIRIAM DEAN REFUGEE TRUST FUND
Independent examiner's report to the trustees of Miriam Dean Refugee Trust Fund
IreporttothecharitytrusteesonmyexaminationoftheaccountsofMiriamDeanRefugeeTrust Fund
(the Trust) for the year ended 31 December 2023.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
RML Taylor FCCA
Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ
Date: .............................................
Page 5
MIRIAM DEAN REFUGEE TRUST FUND
STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 December 2023
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
187,827
Investment income
2
17,361
Total
205,188
EXPENDITURE ON
Raising funds
3
1,148
Charitable activities
Charitable activity
108,173
Other
4,927
Total
114,248
Net gains/(losses) on investments
6,537
NET INCOME/(EXPENDITURE)
97,477
RECONCILIATION OF FUNDS
Total funds brought forward
364,238
TOTAL FUNDS CARRIED FORWARD
461,715 |
Restricted
funds
£
-
-
-
-
5,557
-
5,557
-
(5,557)
5,557
- |
2023
Total
funds
£
187,827
17,361
205,188
1,148
113,730
4,927
119,805
6,537
91,920
369,795
461,715 |
2022
Total
funds
£
61,962
18,625
80,587
-
192,650
6,405
199,055
(94,856)
(213,324)
583,119
369,795 |
|
|
|
|
The notes form part of these financial statements
Page 6
MIRIAM DEAN REFUGEE TRUST FUND
BALANCE SHEET
31 December 2023
Notes
FIXED ASSETS
Investments
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
11
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
608,610
5,837
21,428
27,265
(88,668)
(61,403)
547,207
(85,492)
461,715 |
Restricted
funds
£
-
-
-
-
-
-
-
-
- |
2023
Total
funds
£
608,610
5,837
21,428
27,265
(88,668)
(61,403)
547,207
(85,492)
461,715
461,715
-
461,715 |
2022
Total
funds
£
448,077
6,117
100,493
106,610
(93,390)
13,220
461,297
(91,502)
369,795
364,238
5,557
369,795 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
Andy Moore - Trustee
The notes form part of these financial statements
Page 7
MIRIAM DEAN REFUGEE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
havebeenpreparedunderthehistoricalcostconvention,withtheexceptionofinvestments which
are included at market value, as modified by the revaluation of certain assets.
Overall risk to operations
Followingtheyearend,therehavebeennosubstantialdevelopmentsthatwouldaffect the
Charity'sabilitytocontinueitsactivities.TheCharityhastherefordeterminedthatthereare no
postbalancesheeteventsandaccordingly,thefinancialpositionasat,andresultsof the
operations for, the year ended 31 December 2023 have not been adjusted to reflect their impact.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Assetsarerecognisedassoonasitisprobablethatfutureeconomicbenefitassociatedwith the
item will flow to the Trust and the item has a cost value that can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Grantcommitmentsinrespectofsubsequentyears,thathavebeenagreedbytrustees and
advisedtotherecipients,areaccruedusingthesterlingequivalentofthegrantcommittedin local
currency, using the rate in force at the year end.
Anychangetotherateatthetimeofthepaymentofthegrantisrecognisedandreportedas a
realised gain or loss in the year of payment.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Foreign currencies
Grantscommittedareaccruedatthesterlingequivalent,translatedusingtheapplicable exchange
rate.Anyvariancebetweentherateoftranslationonthedateofcommitmentandthedate of
payment, is considered to be part of the grant and expensed as such.
Investments
TheinvestmentinCAFnonmanagedportfoliocametoanendintheyear.Thismoneywas then
splitandreinvestedintoamanagedportfoliobyBrewinDolphingroupaswellasaFlagstone cash
portfolio.
continued...
Page 8
MIRIAM DEAN REFUGEE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023
1. ACCOUNTING POLICIES - continued
Investments
TheBrewinDolphininvestmentisstatedasalistedassetinvestmentonthebasisthat it
representsfundsthatareinvestedinastockportfolio,whilsttheFlagstoneportfolioisinvested in
interest bearing accounts.
TheTrusteesconsiderthistobeamorerepresentativedisplay.Investmentsareheldat market
value.
2. INVESTMENT INCOME
Other fixed asset inv - UnFII
Deposit account interest
Bond income
Investment interest |
2023
£
2,261
4,072
9,220
1,808
17,361 |
2022
£
-
289
18,336
- |
|
|
18,625 |
3. RAISING FUNDS
Investment management costs
Investment management costs |
|
|
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Support costs |
1,148 |
|
- |
4.
INDEPENDENT EXAMINERS REMUNERATION
Fees payable to the Charity's Independent Examiners were as follows:
|
2023 |
2022 |
|
£ |
£ |
Accounts production |
1,085 |
1,033 |
Independent examination |
820 |
781 |
|
|
|
|
1,905 |
1,814 |
|
|
|
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023 nor
for the year ended 31 December 2022.
Trustees' expenses
ExpensesarereimbursedtoTrusteeswherethecostiswhollyandexclusivelyincurredonbehalf of
the Trust.
During the year:
AndyandSheilaMooreincurredexpensestotalling£208(2022:£2,111)relatingtotravel &
accommodation, post & stationery and other costs.
continued...
Page 9
MIRIAM DEAN REFUGEE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 2022
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
61,962
Investment income
18,625
Total
80,587
EXPENDITURE ON
Charitable activities
Charitable activity
181,455
Other
6,405
Total
187,860
Net gains/(losses) on investments
(94,856)
NET INCOME/(EXPENDITURE)
(202,129)
RECONCILIATION OF FUNDS
Total funds brought forward
566,367
TOTAL FUNDS CARRIED FORWARD
364,238 |
Restricted
funds
£
-
-
-
11,195
-
11,195
-
(11,195)
16,752
5,557 |
Total
funds
£
61,962
18,625
80,587
192,650
6,405
199,055
(94,856)
(213,324)
583,119
369,795 |
|
|
|
7. GRANTS PAYABLE
Thegrantcommitmentaccrualhasdecreasedby£12,018whencomparingcommitmentsfor 2023
& 2024 with 2022 & 2023, as stated in the accounts for the year ended 31 December 2023.
Analysis of grants remitted:
|
£ |
|
|
India
Jeevan Jyothi Hospice |
20,929 |
Rural Area Development Trust |
25,765 |
AHM Trust |
22,526 |
DEEPAM |
22,815 |
Holy Cross Special School- Mannakanad |
13,557 |
Tibetan Homes Foundation |
707 |
|
|
Africa
Loaves and Fishes Network |
11,000 |
CODI, Nairobi |
8,447 |
|
|
|
|
Total grants paid |
125,746 |
|
|
Decrease in committed grants
payable |
(12,018) |
|
|
Total |
113,728 |
|
|
continued...
Page 10
MIRIAM DEAN REFUGEE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023
8. FIXED ASSET INVESTMENTS
Listed
Unlisted
investments
investments
£
£
MARKET VALUE
At 1 January 2023
-
448,077
Additions
302,943
-
Disposals
(707)
(448,240)
Revaluations
6,374
163
At 31 December 2023
308,610
-
NET BOOK VALUE
At 31 December 2023
308,610
-
At 31 December 2022
-
448,077
INVESTMENT AT MARKET VALUE COMPRISES: |
Listed
Unlisted
investments
investments
£
£
MARKET VALUE
At 1 January 2023
-
448,077
Additions
302,943
-
Disposals
(707)
(448,240)
Revaluations
6,374
163
At 31 December 2023
308,610
-
NET BOOK VALUE
At 31 December 2023
308,610
-
At 31 December 2022
-
448,077
INVESTMENT AT MARKET VALUE COMPRISES: |
Listed
Unlisted
investments
investments
£
£
MARKET VALUE
At 1 January 2023
-
448,077
Additions
302,943
-
Disposals
(707)
(448,240)
Revaluations
6,374
163
At 31 December 2023
308,610
-
NET BOOK VALUE
At 31 December 2023
308,610
-
At 31 December 2022
-
448,077
INVESTMENT AT MARKET VALUE COMPRISES: |
Listed
Unlisted
investments
investments
£
£
MARKET VALUE
At 1 January 2023
-
448,077
Additions
302,943
-
Disposals
(707)
(448,240)
Revaluations
6,374
163
At 31 December 2023
308,610
-
NET BOOK VALUE
At 31 December 2023
308,610
-
At 31 December 2022
-
448,077
INVESTMENT AT MARKET VALUE COMPRISES: |
Cash and
settlements
pending
£
-
300,000
-
-
300,000
300,000
- |
Cash and
settlements
pending
£
-
300,000
-
-
300,000
300,000
- |
Totals
£
448,077
602,943
(448,947)
6,537
608,610
608,610
448,077 |
|
UK |
OVERSEAS |
|
2023 |
|
2022 |
|
£ |
£ |
|
£ |
|
£ |
Listed Investment |
117,208 |
191,402 |
|
308,610 |
|
- |
Cash |
220,000 |
80,000 |
|
300,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
337,208 |
271,402 |
|
608,610 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Listed investment relates to a Brewin Dolphin managed portfolio.
The cash investment related to the Flagstone portfolio.
Cost or valuation at 31 December 2023 is represented by:
Listed
investments
£
Valuation in 2023
6,374
Cost
302,236
308,610 |
Cash and
settlements
pending
£
-
300,000
300,000 |
Totals
£
6,374
602,236 |
|
|
608,610 |
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Tax reclaim
Prepayments |
2023
£
4,969
868
5,837 |
2022
£
5,332
785 |
|
|
6,117 |
continued...
Page 11
MIRIAM DEAN REFUGEE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accruals and deferred income
Grant Commitments |
2023
£
-
3,176
85,492
88,668 |
2022
£
76
1,814
91,500 |
|
|
93,390 |
11.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
£
Grant Commitments
85,492
12.
MOVEMENT IN FUNDS
Net
movement
At 1.1.23
in funds
£
£
Unrestricted funds
General fund
364,238
97,477
Restricted funds
Christopher's memorial fund
5,557
(5,557)
TOTAL FUNDS
369,795
91,920
Net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
205,188
(114,248)
6,537
Restricted funds
Christopher's memorial fund
-
(5,557)
-
TOTAL FUNDS
205,188
(119,805)
6,537
Comparatives for movement in funds
Net
movement
At 1.1.22
in funds
£
£
Unrestricted funds
General fund
566,367
(202,129)
Restricted funds
Christopher's memorial fund
16,752
(11,195)
TOTAL FUNDS
583,119
(213,324) |
2022
£
91,502
At
31.12.23
£
461,715
-
461,715
Movement
in funds
£
97,477
(5,557)
91,920
At
31.12.22
£
364,238
5,557
369,795 |
|
|
continued...
Page 12
MIRIAM DEAN REFUGEE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Christopher's memorial fund
TOTAL FUNDS |
Incoming
resources
£
80,587
-
80,587 |
Resources
expended
£
(187,860)
(11,195)
(199,055) |
Gains and
losses
£
(94,856)
-
(94,856) |
Movement
in funds
£
(202,129)
(11,195)
(213,324) |
|
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Restricted funds
Christopher's memorial fund
TOTAL FUNDS |
At 1.1.22
£
566,367
16,752
583,119 |
Net
movement
in funds
£
(104,652)
(16,752)
(121,404) |
At
31.12.23
£
461,715
-
461,715 |
|
|
|
|
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Restricted funds
Christopher's memorial fund
TOTAL FUNDS |
Incoming
resources
£
285,775
-
285,775 |
Resources
expended
£
(302,108)
(16,752)
(318,860) |
Gains and
losses
£
(88,319)
-
(88,319) |
Movement
in funds
£
(104,652)
(16,752)
(121,404) |
|
|
|
|
|
The total unrestricted funds within fixed and current assets of £635,874 is made up as follows:
|
General |
Legacies |
|
|
Reserve |
Reserve |
Total |
At 1 January 2023 |
43,022 |
506,108 |
549,130 |
Incoming resources |
62,508 |
142,679 |
205,187 |
Resources expended |
(6,075) |
- |
(6,075 ) |
Grants remitted |
(56,433) |
(51,740) |
(108,173) |
Unrealised gain/(loss) on investment |
6,537 |
- |
(6,537) |
Realised gain/(loss) on investment |
- |
- |
- |
Resources accrual |
- |
- |
- |
Transfers between funds |
(10,732) |
- |
(10,732) |
continued...
Page 13
MIRIAM DEAN REFUGEE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023
12. MOVEMENT IN FUNDS - continued
At 31 December 202343,022 597,047 635,874
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
14. RESTRICTED FUNDS
TheChristopherMemorialFundwastobenefitmentallyandphysicalchallengedchildren in
Mannakanad South India.This fund came to an end within the year to 31 December 2023.
Page 14
MIRIAM DEAN REFUGEE TRUST FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 December 2023
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
For The Year Ended 31 December 2023 |
|
|
|
2023 |
2022 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
40,172 |
45,150 |
Gift aid |
4,976 |
5,332 |
Legacies |
142,679 |
11,480 |
|
187,827 |
61,962 |
Investment income |
|
|
Other fixed asset inv - UnFII |
2,261 |
- |
Deposit account interest |
4,072 |
289 |
Bond income |
9,220 |
18,336 |
Investment interest |
1,808 |
- |
|
17,361 |
18,625 |
Total incoming resources |
205,188 |
80,587 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Grants to institutions |
113,730 |
192,650 |
Support costs |
|
|
Management |
|
|
Sundries |
2,662 |
4,285 |
Finance |
|
|
Bank charges |
360 |
306 |
Management charges |
1,148 |
- |
|
1,508 |
306 |
Governance costs |
|
|
Ind Examiners' remuneration |
1,905 |
1,814 |
Total resources expended |
119,805 |
199,055 |
Net income/(expenditure) |
85,383 |
(118,468) |
This page does not form part of the statutory financial statements
Page 15