``` 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 ```