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2022-09-30-accounts

SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

Charity No. 293382 Established 27th Nov 1985

Financial statements for the year ended 30 September 2022

Southeast Asian Outreach (Operating as Cambodia Action)

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION) TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

Contents

Trustees’ report
 3

Independent Examiner’s report
 11

Statement of Financial Activities
 12

Balance Sheet
 13

Notes to the financial statements		 14

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS

The Trustees present their annual report and the financial statements for the year ended 30 September 2022.

Trustees David Adams
 (Chairman, Chief Governance Officer)
Robert Dixon
David Buchan
Alfie Prothero
Mark Ainsworth (Vice-Chairman) Resigned
17/09/2022
Principal Officer Chris Catlin Executive Director
Principal (UK) Address Cambodia Action
120 Maisemore
Yate
Bristol
BS37 8UW
Independent Examiner Hampton Holland
Associates Ltd
Bumble Cottage,
Bailrigg Lane,
Lancaster, LA1 4XP
Bankers Natwest Bank Plc
23 Market Street
Bawtry
DONCASTER
DN10 6JL
Charity Number 293382 Registered as Southeast Asian
Outreach (operating as Cambodia
Action, formerly SAO Cambodia)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources in that year. In preparing those financial statements, the Trustees are required to:

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the requirements of the Charities Act 2011. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Southeast Asian Outreach is a registered charity with number 293382 (and was operating in the UK as SAO Cambodia until June 2009). It is governed by a Trust Deed dated 27th November 1985. This was amended in June 2003 to allow a maximum of twelve Trustees. In July 2009 the charity was re-launched with a new UK operating name, Cambodia Action. Trustees normally meet four times a year as the Board with the Executive Director in attendance and follow the Carver model of governance.

2021/22 has been a year in which the world slowly emerged from the restrictions of the COVID 19 pandemic. This has meant we have been able to revert to our normal meeting schedule. Our meetings in December 2021 and June 2022 were held via Zoom but we were able to meet face to face in March 2022 and for our strategy weekend in September 2022. We expect this pattern to be the norm for the future. The Carver model continues to allow maximum freedom for the Executive Director to choose the means by which the charity’s Ends are achieved, while placing certain Executive Limitations on that freedom. The Ends are reviewed annually when the Executive Director reports against progress in achieving them. We are confident that the activities of Cambodia Action during this year fulfil our Ends as an organisation.

Cambodia Action’s Status in Cambodia

In Cambodia, Cambodia Action continues to operate as SAO. This is the name by which it was known to the Cambodian government when it first registered in 1991. We continue to operate by supporting our team in Cambodia and working in partnership with other like-minded organisations.

Trustees

The Trustees who held office during the year are set out on page 3. Trustees meet as the Cambodia Action Board which, by constitution, has between 3 and 12 members. Potential Trustees may be identified by existing Trustees, Officers or Team Members through personal contacts, networking or, where appropriate, advertising. Trustees are appointed by invitation of the existing Trustees and are selected to give the range of skills and experience necessary for the Trustees to be effective. Trustees have a proactive stance in making the need for Trustees widely known and ensuring the recruitment process is open and transparent.

The Trustees are actively looking to add new trustees who will broaden the skills and experience base of the board.

Risk Management

The management of risks has continued to be monitored as set out in the Risk Assessment Management paper approved by the Trustees in June 2022. The current risk assessment policy is monitored by the Trustees through two main methods. For those elements under the Executive’s control, the Trustees are in receipt of regular management reporting against Executive Limitations which prohibit the activities which appear as risks to the organisation and its operations. In addition, the Trustees review the risks to the organisation for those elements which are Trustee responsibilities by regular reviews of Board Governance policies which pertain to organisational risks. The Risk Assessment policy has been reviewed during the year.

A Financial Controls Policy is in place and is reviewed regularly.

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

OBJECTS AND ACTIVITIES

The objects of the charity are to promote the Christian faith and relieve poverty and distress among peoples of countries in Southeast Asia, particularly Cambodian nationals.

When reviewing the aims and objectives of the charity, and in planning future activities, the Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

The following are some examples of projects undertaken during the year by Cambodia Action, with its partners, to achieve their objectives:

POLITICAL AND ECONOMIC BACKGROUND

Cambodia has, like many countries in the world, struggled to emerge from the effect of the COVID pandemic. The country’s borders are now fully open, allowing tourism to start to recover.The ongoing impact on the world economy and the reluctance to travel have continued to have a major impact on the economy of the country. The reduction of tourism in particular continues to impact many people’s lives.

The World Bank’s latest Economic Update (June 22) of Cambodia reports

( https://www.worldbank.org/en/country/cambodia/overview ):

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

Policies options

The report recommends policies that can help sustain economic recovery, including:

Special Focus:

The Special Focus section of the report looks at post-pandemic supply chain disruptions and explains how to develop strategies to reduce logistics costs. Its findings are:

ACHIEVEMENTS AND PERFORMANCE

This year has been a more encouraging year for Cambodia Action. Our Executive Director has been able to make a visit to Cambodia to encourage our team and to meet with our current partners. He has also been able to identify and meet with potential future partners. We have placed two new team members in Cambodia. Financially, we have remained stable as an organisation, which has been an encouragement to all involved in Cambodia Action.

Cambodia Action continues to have a particular focus on working with children, the poor and the marginalised. These groups, as highlighted above, are the most vunerable to the current financial challenges caused by higher energy costs and rising inflation. We still therefore believe we have a message to proclaim, a role to play in justice advocacy and a calling to demonstrate compassion which is still critically important in Cambodia at the present time.

Cambodia Action seconds staff to other like-minded missions and agencies, enabling us to broaden the base of those who are able to benefit. We continue therefore to be one of the longest-serving INGOs within Cambodia. We have continued to evaluate and develop our role within Cambodia during the year, whilst facing the challenges of a difficult economic environment within the UK charitable sector. We remain however fully committed to growing our work in Cambodia and to strengthening our team in country.

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

Cambodia Action’s UK staff, members and supporters continued to demonstrate great commitment and perseverance to the Mission during this challenging year. Our team were advised by our Executive Director throughout the ongoing COVID crisis and the wellbeing of each team member was a high priority. Thankfully, all of our team members are currently safe and well. We expect to continue to make a worthwhile contribution in helping address the needs of Cambodia as it develops.

Our current complement is 6 team members in Cambodia, currently working in a range of development projects, church and ministry-support roles.

We continued to develop our programme of promoting Cambodia and its needs within the UK. The opportunities for speaking engagements and conferences have increased but still remain significantly affected by the after-effects of the Covid outbreak. However, we have continued to communicate with our supporters by our magazine produced three times a year, through electronic monthly updates and through our website.

The activities carried out by CA for the public benefit can be broadly categorised into the following programmes:

Specific achievements during the reporting period include the following:

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

Children’s Forum, where she has actively participated in decision making. She has also edited all the official English documents before they are submitted to ASEAN, and has joined important meetings with the ASEAN Secretariat. The Forum will provide an opportunity for children from ASEAN Member States to develop ideas and recommendations on the impact of Covid-19 and the current situation of children across the ASEAN region, discussing health, education and livelihood with the impact of Covid-19 and its effects on children as a crosscutting issue. The Forum is bi-annual, is hosted by ASEAN Member States in turn, and enables children to become important stakeholders in the “Social Development for Children in ASEAN” programmes.

All of our team members have worked with our partners to seek to improve the quality of life for those they seek to support. They have been encouraged during the year by numerous examples of where their commitment and input has has a significant effect on the lives of people within the Khmer community.

Future plans

We are continuing with our current work, partnerships and projects in the year ahead, but looking to add new partnerships that are in line with our ends. We plan two events, one in the south and one in the north to celebrate our 50th anniversary, and expect some increased donations to mark the celebration. We aim also to recruit at least one new trustee. As usual we will review the extent to which we meet the ends of our organisation and will evaluate the extent to which these plans have been successful.

.

PUBLIC BENEFIT

During the year we as trustees of Cambodia Action have carried out a review of the public benefit of our work in compliance with the Charity Commission’s guidance. We believe that the work on which we have reported demonstrates public benefit and compliance with charity law.

UK Office

Our UK administration continues to operate from the home of our Executive Director in Yate, near Bristol, from where we provide support for the charity’s operations. This includes facilitating the activity of the Trustees, financial oversight, liaison with and support of the field team, communication with supporters and funding partners, as well as participation in promotional events. We have outsourced our accounting procedures and this has continued to work very well. These changes have established a sound administrative structure to ensure the financial stability and sustainability of Cambodia Action. It is our intention to continue to evaluate our UK administration and increasingly to develop administrative capacity within Cambodia as, in the future, more decisions will be made incountry.

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

TRUSTEES’ REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022

During this year, our staff have continued to show a commitment to Cambodia Action beyond that of mere employment, which reflects a personal dedication to serving the people of Cambodia.

FINANCIAL REVIEW

Cambodia Action does not have significant financial reserves. It is funded through extensive giving from many Churches and Christian Trusts and from many individual supporters in the United Kingdom and beyond. Income during the year was £91,005, of which just over half was restricted to supporting members and specific projects. Expenditure was £95,720, a decrease of £11,623, mainly reflecting reduced restricted income which can be passed on to the members and projects in Cambodia. The total funds of the charity at 30 September 2022 were £33,135, including restricted funds of £3,562 whilst unrestricted funds were £29,573.

Funds received for specific projects are remitted to Cambodia either as they are received or as they are accumulated and remitted to Cambodia on a regular basis. We are very grateful to all individuals, churches and Christian trusts which have responded to the needs of team members, and of the poor in Cambodia.

Trustees are not remunerated for their work for Cambodia Action and donate their time. However, occasionally expenses incurred are claimed by trustees and then donated back to Cambodia Action to allow the tax to be reclaimed.

Going Concern

The Trustees regularly review the financial position of the charity and this year have acted as necessary to maintain a balance between income and expenditure. The trustees recognise that the coming year will be challenging due to the effect of the rising level of inflation and household expenditure on our donors. However, they consider that Cambodia Action will continue to be a goingconcern (and can viably operate for at least 12 months from the date of this report) and projections for the forthcoming year show sustainability. This position will continue to be reviewed at each trustee meeting and decisions taken to ensure that this remains the case. We continue to seek new sources of funding to ensure the continuing impact of our activities within Cambodia.

Reserves Policy

Our Reserves Policy requires us to retain cash reserves equivalent to approximately three months’ expenditure (rounded up to £15,000) in order to enable the charity to withstand short term fluctuations in income or large payments. Once the reserves fall below £15,000, monthly monitoring of the financial situation will be undertaken to ensure that the organisation remains a going concern. The trustees set an absolute minimum level of general fund reserves to ensure that there are sufficient funds to close the organisation down over a two-month period, should this ever become necessary, and this is currently estimated at £7,000. The reserves policy is reviewed annually.

At the year-end the charity’s unrestricted cash amounted to £29,573. This is comfortably above the target but not significantly more that we need to take action. We are therefore compliant with our policy.

David Adams 11/07/2023

David Adams, Chair of Trustees

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022

I report on the accounts of the charity for the year ended 30 September 2022, which are set out on pages 12 to 18.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income did not exceed £250,000.

It is my responsibility to:

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

P C Holland Paul Holland, FCMA Hampton Holland Associates Ltd Bumble Cottage, Bailrigg Lane, Lancaster, LA1 4XP Date:14/07/23

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022

Not
e
Income from:
Donations and Legacies
7
Charitable Activities
8
Investments
9
Total income
Expenditure on:
Charitable activities
Raising funds
Total expenditure
10
Net income before transfers
Transfers between funds
11
Other recognised gains/losses:
Exchange rate gain/(loss)
Net movement in funds
Fund balances brought forward
Fund balances carried forward		 2022
2022
2022
Unrestricte
d Fund
Restricte
d Funds
Total
£
£
£
39,675
51,302
90,977
-
-
-
28
-
28
39,703
51,302
91,005
41,768
48,110
89,878
5,842
-
5,842
47,610
48,110
95,720
(7,907)
3,192
(4,715)
5,940
(5,940)
-
499
-
499
(1,468)
(2,748)
(4,216)
31,041
6,310
37,351
29,573
3,562
33,135		 2021
2021
2021
Unrestricte
d Fund
Restricte
d Funds
Total
£
£
£
57,505
57,127 114,632
-
-
-
15
-
15
57,520
57,127 114,647
46,911
55,116 102,027
5,316
-
5,316
52,227
55,116 107,343
5,293
2,011
7,304
5,053
(5,053)
-
380
-
380
10,726
(3,042)
7,684
20,315
9,352
29,667
31,041
6,310
37,351

All activities are continuing.

There are no recognised gains and losses other than those passing through the statement of financial activities.

The notes on pages 14 to 18 form part of these accounts.

12

SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION) BALANCE SHEET AS AT 30 SEPTEMBER 2022

Notes
Current Assets
Debtors
5
Cash at bank and in hand
Liabilities
Creditors: Falling due within one yr
6
Net Current Assets
NET ASSETS
Funds
Restricted funds
11
Unrestricted funds:
TOTAL FUNDS
12		 2022
2021
£
£
1,380
1,373
36,715
41,488
38,095
42,861
(4,960)
(5,510)
33,135
37,351
33,135
37,351
3,562
6,310
29,573
31,041
33,135
37,351

Approved by the trustees on 11/07/2023 and signed on their behalf by:

David Adams

David Adams Director and Trustee (Chair)

The notes on pages 14 to 18 form part of these accounts.

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

  1. ACCOUNTING POLICIES

a) Basis of preparation of accounts

The financial statements are prepared on an accruals basis and under the historical cost convention and include the results of the charity’s operations which are described in the Trustees’ Report and all of which are continuing.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS102)).

Going concern

The trustees have prepared financial projections, taking into consideration the current economic climate and Covid-19 and their potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are available to enable the charity to continue in operational existence for the foreseeable future, and have adequate contingency plans in the event that income streams are reduced. Consequently the financial statements have been prepared on the basis that the charity is a going concern.

(b) Voluntary income

Voluntary income is received by way of donations, gifts and legacies. Donations and gifts are included in full in the Statement of Financial Activities when recognisable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Legacies are included as receivable if there is a clear entitlement to a provisional or final sum. Income received from individuals includes the corresponding amount of tax recoverable where this is received under the Gift Aid Scheme.

(c) Restricted funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure that meets these criteria is identified to the fund, together with a fair allocation of management costs. There are separate restricted funds for support of individual members in Cambodia and specific ministries or projects which are summarised in Note 11.

(d) Unrestricted funds

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

(e) Staff costs and overhead expenses

Staff costs and overhead expenses are allocated to activities on the basis of staff time spent on those activities.

(f) Costs of generating funds

These comprise the costs actually incurred in producing and distributing materials for promotional purposes.

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED)

(g) Governance costs

In accordance with SORP2015 governance costs are included within Expenditure upon Charitable Activities. The analysis of the latter does however continue to show the costs related to the preparation of accounts and independent examination, legal fees and trustee expenses.

(h) Tangible fixed assets and depreciation

The charity does not hold any fixed assets. Costs relating to items of a capital nature which are individually less than £1,000 are written off to the Statement of Financial Activities in the period in which they occur.

Bank and cash balances held in foreign currencies at the year end are translated into sterling at the rate then ruling.

Rentals payable under operating leases are charged on a straight line basis over the term of the lease.

2. EMPLOYEE INFORMATION

Staff costs during the year were as
follows:
Wages and salaries
Social security costs
Pension contributions (note 14)		 2022
2021
£
£
29,438
28,581
-
-
2,355
2,286
31,793
30,867

The average number of employees (part-time and full-time) during the year was as follows:

Administration and Support 2022
Count
1		 2021
Count
1

No employee earned more than £60,000 per annum (2020: Nil). The remuneration and benefits of the highest paid employee, Chris Catlin, who is also classed as performing a key management role represent the full employee costs in 2022 of £31,793 (2020 £30,867).

3. TRUSTEE INFORMATION

One trustee claimed £127.80 of expenses during the year. (2021: no trustee reclaimed expenses)

None of the trustees nor any persons connected with them have received any remuneration during the year. Total donations by trustees and key staff amounted to £9,218 (2020: £3,783)

4. TRANSACTIONS WITH RELATED PARTIES

None of the trustees of the charity had a beneficial interest in any contracts or arrangements to which the charity was a party during the financial period. There were no other related parties.

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED)

5. DEBTORS

Due within one year:
Tax recoverable
Other Debtors		 2022
£
660
720
1,380		 2021
£
756
617
1,373

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Creditors and accruals
Social security and other taxes
7
VOLUNTARY INCOME
Church & Organisation donations
Charitable trust donations
Legacies
Individual donations
Gift Aid Claimed
Donated services and facilities
8.
ACTIVITIES FOR GENERATING FUNDS
Admin, office and craft sales and
conferences
9.
INVESTMENT INCOME
Bank interest		 2022
£
3,413
1,547
4,960
2022
£
7,081
920
-
74,248
8,728
-
90,977
2022
£
-
2022
£
28		 2021
£
3,912
1,598
5,510
2021
£
8,117
17,420
-
77,348
11,747
-
114,632
2021
£
-
2021
£
15

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED)

10. SUMMARY OF RESOURCES EXPENDED

Direct charitable activities:
Staff costs
Ministry costs
Members’ costs
Project Costs
Trustee expenses
Accounts preparation & Independent
examination
Costs of generating funds:
Staff costs
Advertising and promotions
Total		 2022
2021
£
£
28,543
27,707
12,962
18,654
45,722
50,990
1,893
4,126
128
-
630
550
89,878
102,027
3,250
3,160
2,592
2,156
5,842
5,316
95,720
107,343
  1. RESTRICTED FUND MOVEMENTS
Members
Ministries
Totals
Previous Year comparison:
Members
Ministries
Totals		 Balance at
1 Oct 2021
Incoming
resources
Expended
resources
Transfers
Gains
Balance at
30 Sep 2022
£
£
£
£
£
£
2,708
49,486
45,721
(3,109)
-
3,364
3,602
1,816
2,389
(2,831)
-
198
6,310
51,302
48,110
(5,940)
-
3,562
Balance at
1 Oct 2020
Incoming
resources
Expended
resources
Transfers
Gains
Balance at
30 Sep 2021
£
£
£
£
£
£
6,449
49,350
48,038
(5,053)
-
2,708
2,903
7,777
7,078
-
-
3,602
9,352
57,127
55,116
(5,053)
-
6,310

The nature and purpose of each restricted fund is as follows:

Transfers between funds relate to administration charges levied on affiliates and members income. £1,962 of transfers from Ministries to General Fund relate to unsubstantiatable amounts attributed to Ministries prior to 2019 that are now recognised as unrealistic and inappropriate and therefore cleared to General Fund

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SOUTHEAST ASIAN OUTREACH (OPERATING AS CAMBODIA ACTION)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 (CONTINUED)

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

2022
Debtors
Cash at bank and in hand
Creditors
Net assets
Previous Year comparison:
2021
Debtors
Cash at bank and in hand
Creditors
Net assets		 Unrestricted
Restricted
Funds
Funds
Total
£
£
£
1,064
316
1,380
29,744
6,971
36,715
(1,235)
(3,725)
(4,960)
29,573
3,562
33,135
Unrestricted
Restricted
Funds
Funds
Total
£
£
£
978
395
1,373
31,281
10,207
41,488
(1,218)
(4,292)
(5,510)
31,041
6,310
37,351

13. COMMITMENTS

At 30 September 2022 the charity had no annual commitments under non-cancellable operating leases. (2020; nil)

14. PENSION CONTRIBUTIONS

The charity pays pension contributions to the personal pension schemes of UK staff and expatriate team members. At the balance sheet date £201 was outstanding (2021 £195).

18