```
REGISTERED CHARITY NUMBER: 269655
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`**
## **`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 2024
```
||**`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 2024`**
```
TheTrusteesoftheMiriamDeanRefugeeTrustFund(MiriamDeanFundortheFund)presenttheir report
withtheUnauditedFinancialStatementsofthecharityfortheyearended31December2024. 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
what we can to bene fit some of the poorest people and communities in the world, wherever we find them.
```
```
Giventhatweareonlyacomparativelysmallcharity,weacceptthelimiteddifferencethatwecan make
tosuchabroadlydefinedgroupofpotentialbeneficiaries.Nevertheless,thepartnersandprojectsthat we
supportareselectedbecausewebelievethatthebeneficiariesareindeedamongtheworld'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 2024`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Grant-making`**
```
Ourregularpoliciesandcommitmentsinrespectofgrant-makingaredescribedbelow.Applyingthose in
theearlypartoftheyear(grantsaregenerallymadeinApril),broughttheplanningfigureforgrants in
2024toalittleunder£149k.Ultimately,thetotalwesentoverseaswas~£134kwhichreflected the
caution we have been exercising in recent years (see also below).
```
```
In 2024 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 provided as follows:
```
- `Two light motorcycles and batteries for a PV installation for the AHM Trust.`
- `o Support to a Life-coping Skills programme 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 Projector, sound system and printer also for DEEPAM. o A Photocopier for the HOLY CROSS SPECIAL SCHOOL, Mannackanad. o A contribution to the building of a new school to be run by RUADT. o Business set-up costs for three pairs of barbers via CODI. o Funding for parenting workshops and maths text books for L&FN o Sponsorship for 'Elderlies' at the Tibetan Homes Foundation, northern India.`
## **`ACHIEVEMENT AND PERFORMANCE`**
```
Weheldvideo-callswithallourpartnersinthespringandautumn.Wearealsoinregularcontact by
e-mail. A visit to partners in southern India is planned for February 2025.
```
```
Thewebsite,twonewslettersandoccasionale-mailshavecontinuedasthemainstayofourcontact, 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 2024`**
## **`FINANCIAL REVIEW`**
```
TheTrusteesaimtoensurethatadequatefundsareheldtoensurethatthecharitableactivitiesof the
Fundcancontinue.WebelievethereservestobesufficienttoenabletheFundtocontinue sending
moneys to our partners at about the level achieved in recent years, for at least the next three years.
```
```
Weoperatetwoformalpoliciesregardingourfunds.Firstly,alllegaciesreceived(althoughthere were
nonein2024)arecreditedtoaReserve(LR)ofwhich~15%willbespenteachyear.Secondly,many of
ourpartnersneedannualgrantsprincipallytopayloyalstaffwhodeliverservicestotheir communities.
OurpolicyisthatanAMG,oncemadetoapartner,isguaranteedatthesamecashlevel(usuallyin the
localcurrency)fortwofurtheryears(1+2);webelievethisoffersthepartnerthenecessarystability to
plan activities.
```
```
Donationsmarginallyimprovedonthepreviousyear,to~£41k,withalimitednumberof generous
supportersprovidingasignificantproportionofthat.Formanyyearsnowourgrant-making capability
hasdependedonthecarefuluseofpastlegacies.OurmaininvestmentwiththeBrewinDolphin Group
performedwell,andwehaveusedtheCAF/Flagstonefacilitytodiversifyandmanagesumsthatwe need
forgrants.Incomefromtheseinvestmentsmorethanmetourexpenses(whichincludedthepurchase of
tickets for the visit to India).
```
## **`Summary`**
|`Income`|||`Expenditure`||
|---|---|---|---|---|
|`Donations (inc. Gift Aid)`|`£45.9k`|`Grants to partners`||`£133.8k`|
|`Legacies`|||||
|`Investment income`|`£21.5k`|`Expenses`||`£ 9.4k`|
|`Total`|`£67.4k`|`Total`||`£143.2k`|
```
(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.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
269655
```
```
Page 3
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`REPORT OF THE TRUSTEES For The Year Ended 31 December 2024`**
## **`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 2024.
```
## **`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 2024`**
|`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`45,896`
`Investment income`
`2`
`21,266`
**`Total`**
`67,162`
**`EXPENDITURE ON`**
`Raising funds`
`3`
`3,929`
**`Charitable activities`**
`Charitable activity`
`129,540`
`Other`
`-`
**`Total`**
`133,469`
`Net gains on investments`
`15,965`
**`NET INCOME/(EXPENDITURE)`**
`(50,342)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`461,715`
**`TOTAL FUNDS CARRIED FORWARD`**
`411,373`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`|`2024`
`Total`
`funds`
`£`
`45,896`
`21,266`
`67,162`
`3,929`
`129,540`
`-`
`133,469`
`15,965`
`(50,342)`
`461,715`
`411,373`|`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`|
```
The notes form part of these financial statements
```
```
Page 6
```
## **`MIRIAM DEAN REFUGEE TRUST FUND`**
## **`BALANCE SHEET`**
## **`31 December 2024`**
|`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`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`541,239`
`10,782`
`23,957`
`34,739`
`(93,006)`
`(58,267)`
`482,972`
`(71,599)`
`411,373`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`|`2024`
`Total`
`funds`
`£`
`541,239`
`10,782`
`23,957`
`34,739`
`(93,006)`
`(58,267)`
`482,972`
`(71,599)`
`411,373`
`411,373`
`411,373`|`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`|
|---|---|---|---|---|
```
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 2024`**
## **`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
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey 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`**
```
TheBrewinDolphininvestmentisstatedasalistedassetinvestmentonthebasisthatit represents
fundsthatareinvestedinastockportfolio,whilsttheFlagstoneportfolioisinvestedin interest
bearing accounts.
```
```
continued...
```
```
Page 8
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Investments`**
```
TheTrusteesconsiderthistobeamorerepresentativedisplay.Investmentsareheldat market
value.
```
## **`2. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||
|---|---|---|
|`Other fixed asset inv - UnFII`
`Deposit account interest`
`Bond income`
`Investment interest`|`2024`
`£`
`5,688`
`12,180`
`-`
`3,398`
`21,266`|`2023`
`£`
`2,261`
`4,072`
`9,220`
`1,808`|
|||`17,361`|
## **`3. RAISING FUNDS`**
## **`Investment management costs`**
|**`Investment management costs`**|||
|---|---|---|
||`2024`|`2023`|
||`£`|`£`|
|`Support costs`|`3,929`|`1,148`|
## **`4. INDEPENDENT EXAMINERS REMUNERATION`**
```
Fees payable to the Charity's Independent Examiners were as follows:
```
||`2024`|`2023`|
|---|---|---|
||`£`|`£`|
|`Accounts production`|`1,142`|`1,085`|
|`Independent examination`|`861`|`820`|
||||
||`2,003`|`1,905`|
||||
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2024 nor
for the year ended 31 December 2023.
```
## **`Trustees' expenses`**
```
ExpensesarereimbursedtoTrusteeswherethecostiswhollyandexclusivelyincurredonbehalf of
the Trust.
```
```
During the year:
```
```
AndyandSheilaMooreincurredexpensestotalling£3,834(2023:£208)relatingtotravel &
accommodation,post&stationeryandothercosts.WhilstJennyBuchananincurred expenses
totalling £788 (2003: £Nil) relating to travel & accommodation.
```
```
continued...
```
```
Page 9
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024`**
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 2023`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Charitable activity`
`Other`
**`Total`**
`Net gains on investments`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
`187,827`
`17,361`
`205,188`
`1,148`
`108,173`
`4,927`
`114,248`
`6,537`
`97,477`
`364,238`
`461,715`|`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`5,557`
`-`
`5,557`
`-`
`(5,557)`
`5,557`
`-`|`Total`
`funds`
`£`
`187,827`
`17,361`|
|---|---|---|---|
||||`205,188`|
||||`1,148`
`113,730`
`4,927`|
||||`119,805`|
||||`6,537`|
||||`91,920`
`369,795`|
||||`461,715`|
## **`7. GRANTS PAYABLE`**
```
Thegrantcommitmentaccrualhasdecreasedby£9,113whencomparingcommitmentsfor2024 &
2025 with 2023 & 2024, as stated in the accounts for the year ended 31 December 2024.
```
```
Analysis of grants remitted:
```
||`£`|
|---|---|
|||
|`India`
`Jeevan Jyothi Hospice`|`23,891`|
|`Rural Area Development Trust`|`25,131`|
|`AHM Trust`|`23,595`|
|`DEEPAM`|`23,238`|
|`Holy Cross Special School- Mannakanad`|`11,885`|
|`Tibetan Homes Foundation`|`663`|
|||
|`Africa`
`Loaves and Fishes Network`|`12,500`|
|`CODI, Nairobi`|`12,903`|
|||
|||
|`Total grants paid`|`133,806`|
|||
|`Increase in committed grants`
`payable`|`-9,113`|
|||
|`Total`|`124,693`|
|||
```
continued...
```
```
Page 10
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`For The Year Ended 31 December 2024`**
## **`8. FIXED ASSET INVESTMENTS`**
|**`MARKET VALUE`**
`At 1 January 2024`
`Additions`
`Disposals`
`Revaluations`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`
`INVESTMENT AT MARKET VALUE COMPRISES:`|**`MARKET VALUE`**
`At 1 January 2024`
`Additions`
`Disposals`
`Revaluations`
`At 31 December 2024`
**`NET BOOK VALUE`**
`At 31 December 2024`
`At 31 December 2023`
`INVESTMENT AT MARKET VALUE COMPRISES:`||`Listed`
`investments`
`£`
`308,610`
`9,085`
`(12,319)`
`15,965`
`321,341`
`321,341`
`308,610`|`Listed`
`investments`
`£`
`308,610`
`9,085`
`(12,319)`
`15,965`
`321,341`
`321,341`
`308,610`|`Cash and`
`settlements`
`pending`
`£`
`300,000`
`25,271`
`(105,373)`
`-`
`219,898`
`219,898`
`300,000`|`Cash and`
`settlements`
`pending`
`£`
`300,000`
`25,271`
`(105,373)`
`-`
`219,898`
`219,898`
`300,000`|`Totals`
`£`
`608,610`
`34,356`
`(117,692)`
`15,965`
`541,239`
`541,239`
`608,610`|
|---|---|---|---|---|---|---|---|
||`UK`|`OVERSEAS`|||`2024`||`2023`|
||`£`|`£`|||`£`||`£`|
|`Listed Investment`|`120,148`|`201,193`|||`321,341`||`308,610`|
|`Cash`|`219,898`|`-`|||`219,898`||`300,000`|
|||||||||
|||||||||
||`340,046`|`201,193`|||`541,239`||`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 2024 is represented by:
```
|`Valuation in 2024`
`Cost`|`Listed`
`investments`
`£`
`15,965`
`305,376`
`321,341`|`Cash and`
`settlements`
`pending`
`£`
`-`
`219,898`
`219,898`|`Totals`
`£`
`15,965`
`525,274`|
|---|---|---|---|
||||`541,239`|
## **`9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Tax reclaim`
`Prepayments`|`2024`
`£`
`5,288`
`5,494`
`10,782`|`2023`
`£`
`4,969`
`868`|
|---|---|---|
|||`5,837`|
```
continued...
```
```
Page 11
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024`**
## **`10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`2024`
`£`
`Accruals and deferred income`
`2,734`
`Grant Commitments`
`90,272`
`93,006`
**`11.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`2024`
`£`
`Grant Commitments`
`71,599`
**`12.`**
**`MOVEMENT IN FUNDS`**
`Net`
`movement`
`At 1.1.24`
`in funds`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`461,715`
`(50,342)`
**`TOTAL FUNDS`**
`461,715`
`(50,342)`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`Gains and`
`resources`
`expended`
`losses`
`£`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`67,162`
`(133,469)`
`15,965`
**`TOTAL FUNDS`**
`67,162`
`(133,469)`
`15,965`|`2023`
`£`
`3,176`
`85,492`
`88,668`
`2023`
`£`
`85,492`
`At`
`31.12.24`
`£`
`411,373`
`411,373`
`Movement`
`in funds`
`£`
`(50,342)`
`(50,342)`|
|---|---|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Christopher's memorial fund`
**`TOTAL FUNDS`**|`At 1.1.23`
`£`
`364,238`
`5,557`
`369,795`|`Net`
`movement`
`in funds`
`£`
`97,477`
`(5,557)`
`91,920`|`At`
`31.12.23`
`£`
`461,715`
`-`
`461,715`|
|---|---|---|---|
```
continued...
```
```
Page 12
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024`**
## **`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`
`£`
`205,188`
`-`
`205,188`|`Resources`
`expended`
`£`
`(114,248)`
`(5,557)`
`(119,805)`|`Gains and`
`losses`
`£`
`6,537`
`-`
`6,537`|`Movement`
`in funds`
`£`
`97,477`
`(5,557)`
`91,920`|
|---|---|---|---|---|
```
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 1.1.23`
`£`
`364,238`
`5,557`
`369,795`|`Net`
`movement`
`in funds`
`£`
`47,135`
`(5,557)`
`41,578`|`At`
`31.12.24`
`£`
`411,373`
`-`
`411,373`|
|---|---|---|---|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Christopher's memorial fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`272,350`
`-`
`272,350`|`Resources`
`expended`
`£`
`(247,717)`
`(5,557)`
`(253,274)`|`Gains and`
`losses`
`£`
`22,502`
`-`
`22,502`|`Movement`
`in funds`
`£`
`47,135`
`(5,557)`
`41,578`|
|---|---|---|---|---|
```
The total unrestricted funds within fixed and current assets of £575,978 is made up as follows:
```
||`General`|`Legacies`||
|---|---|---|---|
||`Reserve`|`Reserve`|`Total`|
|`At 1 January 2024`|`38,827`|`597,047`|`635,874`|
|`Incoming resources`|`67,162`|`-`|`67,162`|
|`Resources expended`|`(8,775)`|`-`|`(8,775 )`|
|`Grants remitted`|`(58,387)`|`(66,307)`|`(124,694)`|
|`Unrealised gain/(loss) on investment`|`15,965`|`-`|`15,965`|
|`Realised gain/(loss) on investment`|`-`|`-`|`-`|
|`Resources accrual`|`(9,554)`|`-`|`(9,554 )`|
|`Transfers between funds`|`-`|`-`||
```
continued...
```
```
Page 13
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2024`**
## **`12. MOVEMENT IN FUNDS - continued`**
```
At 31 December 202445,238 530,740 575,978
```
## **`13. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2024.
```
```
Page 14
```
```
MIRIAM DEAN REFUGEE TRUST FUND
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2024`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Gift aid`
`Legacies`
**`Investment income`**
`Other fixed asset inv - UnFII`
`Deposit account interest`
`Bond income`
`Investment interest`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Grants to institutions`
**`Support costs`**
**`Management`**
`Sundries`
**`Finance`**
`Bank charges`
`Management charges`
**`Governance costs`**
`Ind Examiners' remuneration`
`Total resources expended`
**`Net (expenditure)/income`**|`2024`
`£`
`40,608`
`5,288`
`-`
`45,896`
`5,688`
`12,180`
`-`
`3,398`
`21,266`
`67,162`
`124,693`
`2,584`
`260`
`3,929`
`4,189`
`2,003`
`133,469`
`(66,307)`|`2023`
`£`
`40,172`
`4,976`
`142,679`|
|---|---|---|
|||`187,827`
`2,261`
`4,072`
`9,220`
`1,808`|
|||`17,361`|
|||`205,188`
`113,730`
`2,662`
`360`
`1,148`|
|||`1,508`
`1,905`|
|||`119,805`|
|||`85,383`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```