| The Economist Charitable | Trust | |
|---|---|---|
| Trustees' annual report |
||
| Contents | ||
| Page | ||
| Trustees' report |
||
| Independent examiner's |
report | |
| Statement offinancial activities |
||
| Balance sheet | ||
| Statement ofcash flows |
||
| Notes to the financial statements | 10 |
| 2021/22 | 2020/21 | ||||
|---|---|---|---|---|---|
| Spend matching | staff donations | f16,241 | F11,601 | ||
| Average | donation | by colleague | f417 | 2276 | |
| Project | donation | EO | 682,147 | ||
| Double-matching | campaign | for Ukraine | f51,566 | EO | |
| Give As | You Earn (UK tax | efficient donation) | f21,728 | 620,007 |
| Trustee | Start date | Current | term end date | |||
|---|---|---|---|---|---|---|
| Michael | Thomas | Chair | 1 Februa | 2022 | 31 March | 2026 |
| Hubert | Miernik | 1 December | 2019 | 31 March | 2024 | |
| A athe | Demarais | 1 December | 2018 | 31 Janua | 2023 | |
| Colm Kinsella | 1 Februar | 2022 | 31 March | 2026 | ||
| Sarah Birke | 1 Ma 2022 |
31 March | 2026 | |||
| Shane | Nau hton |
1 Februa | 2022 | 31 March | 2026 |
| For the year en | ded March 31s | t2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | Unrestricted f |
Restricted f |
Totalf | Totalf | ||
| Income from: | ||||||
| Donations | 119,290 | 119,290 | 111,950 | |||
| Total income | 119,290 | 119,290 | 111,950 | |||
| Expenditure on: |
||||||
| Charitable activities |
89,535 | 89,535 | 121,400 | |||
| Total expenditure | 89,535 | 89,535 | 121,400 | |||
| Net movement in funds |
29,755 | 29,755 | (9,450) | |||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 9,450 | ||||
| Total funds carried forward | 29,755 | 29,755 |
| Note | 2022f | 2022 F |
2021 f. |
2021 f. |
|||
|---|---|---|---|---|---|---|---|
| Current assets: | |||||||
| Debtors | 7 | 55,098 | 90,115 | ||||
| Cash at bank | and | in hand | 11 | 415 | 12,038 | ||
| 55,513 | 102,153 | ||||||
| Liabilities: | |||||||
| Creditors: amounts | falling due within one year | 8 | (25,758) | (102,153) | |||
| Total net assets | 29,755 | ||||||
| Funds | |||||||
| Restricted funds | |||||||
| Unrestricted | funds: | ||||||
| General | funds | 29,755 | |||||
| Total unrestricted | funds | 29,755 | |||||
| Total funds | 29,755 |
| Note | 2022 | 2022 | 2021 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities: | ||||||||
| Net cash | used in operating |
activities | 10 | (11,623) | 5,409 | ||||
| Change | in cash and cash | equivalents | in | the year | (11,623) | 5,409 | |||
| Cash and | cash equivalents | at the beginning | ofthe year | 12,038 | 6,629 | ||||
| Cash and cash equivalents | at the end | of | the year | 11 | 415 | 12,038 |
| 2 | Detailed comparatives | Detailed comparatives | for the statement | offinancial activities | offinancial activities | |||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | ||||||
| Unrestricted | Restricted | Total | ||||||
| Income from: | ||||||||
| Donations | 111,950 | 111,950 | ||||||
| Investments | ||||||||
| Total income | 111,950 | 111,950 | ||||||
| Expenditure on: |
||||||||
| Charitable activities |
121,400 | 121,400 | ||||||
| Total expenditure | 121,400 | 121,400 | ||||||
| Net movement in funds |
(9,450) | (9,450) | ||||||
| Total funds brought | forward | 9,450 | 9,450 | |||||
| Total funds carried | forward | |||||||
| 3 | Income from donations | |||||||
| 2022 | 2021 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| Donations from The Economist Newspaper |
Ltd | 119,290 | 119,290 | 111,950 | ||||
| 119,290 | 119,290 | 111,950 |
| Analysis ofexpe | nditure | |||||
|---|---|---|---|---|---|---|
| Charitable | ||||||
| Activities | ||||||
| Donations | ||||||
| Basis of | made to | Governance | 2022 | 2021 | ||
| allocation | Institutions | costs | Total | Total | ||
| UNICEF | Direct | 47,000 | 47,000 | |||
| GAYE | Direct | 21,728 | 21,728 | |||
| UNICEF HK | Direct | 4,566 | 4,566 | |||
| Bacs Matching Donations |
Direct | 4,619 | 4,619 | |||
| Other -Staff matching | Direct | 11,622 | 11,622 | |||
| Indigo Children's | Fund | Direct | 17,524 | |||
| Room to Read | Direct | 16,378 | ||||
| Yes, Futures | Direct | 8,138 | ||||
| Village Enterprise | Direct | 13,200 | ||||
| One Acre Fund | Direct | 18,000 | ||||
| Build on Belief | Direct | 8,907 | ||||
| Staff Matching | Direct | 19,201 | ||||
| Others (including |
GAYE) | Direct | 20,052 | |||
| 89,535 | 89,535 | 121,400 | ||||
| Governance cost |
||||||
| Total expenditure | 89,535 | 89,535 | 121,400 |
| 7 | Debtors | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021f | ||||||||||
| Accrued income | 55,098 | 90,115 | |||||||||
| 55,098 | 90,115 | ||||||||||
| 8 | Creditors: amounts | falling | due within | one year | |||||||
| 2022 | 2021 | ||||||||||
| E | |||||||||||
| Accruals | 25,758 | 102,153 | |||||||||
| 25,758 | 102,153 | ||||||||||
| 9 | Movements in |
funds | At the | ||||||||
| start of | Income | Expenditure | At the end of | ||||||||
| the year | and | gains | &losses | the year | |||||||
| F | |||||||||||
| Unrestricted funds: |
|||||||||||
| General funds | 119,290 | 89,535 | 29,755 | ||||||||
| Total unrestricted | funds | 119,290 | 89,535 | 29,755 | |||||||
| Total funds | 119,290 | 89,535 | 29,755 | ||||||||
| 10 | Reconciliation | of | net income | I(expenditure) | to net | cash flow from operating | activities | ||||
| 2022 | 2021 | ||||||||||
| Net income I(expenditure) | for the reporting | period | 29,755 | (9,450) | |||||||
| (as per the statement | offinancial activities) | ||||||||||
| Decrease/(increase) | in debtors | 35,017 | (27,190) | ||||||||
| (Decrease)/Increase | in creditors | ~76,395 | 42,049 | ||||||||
| Net cash used | in | operating | activities | (11,623) | 5,409 | ||||||
| 11 | Analysis ofcash | and cash | equivalents | ||||||||
| At 1 | April | At 31 March | |||||||||
| 2021 | Cash flows | 2022 | |||||||||
| Cash at bank and | in hand | 12,038 | (11,623) | 415 | |||||||
| Total cash and | cash | equivalents | 12,038 | (11,623) | 415 |