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|The Economist Charitable|Trust||
|---|---|---|
|Trustees'<br>annual<br>report|||
|Contents|||
|||Page|
|Trustees'<br>report|||
|Independent<br>examiner's|report||
|Statement<br>offinancial<br>activities|||
|Balance sheet|||
|Statement<br>ofcash flows|||
|Notes to the financial statements||10|





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|||||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|



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|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<br>2022||31 March|2026|
|Shane|Nau<br>hton||1 Februa|2022|31 March|2026|



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|For the year en|ded March 31s|t2022|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||Note|Unrestricted<br>f|Restricted<br>f|Totalf|Totalf|
|Income from:|||||||
|Donations|||119,290||119,290|111,950|
|Total income|||119,290||119,290|111,950|
|Expenditure<br>on:|||||||
|Charitable<br>activities|||89,535||89,535|121,400|
|Total expenditure|||89,535||89,535|121,400|
|Net movement<br>in funds|||29,755||29,755|(9,450)|
|Reconciliation<br>offunds:|||||||
|Total funds brought|forward|||||9,450|
|Total funds carried forward|||29,755||29,755||





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||||Note|2022f|2022<br>F|2021<br>f.|2021<br>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|||





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||||||Note|2022|2022|2021|2021|
|---|---|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities:||||||||
|Net cash|used<br>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|





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|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<br>on:||||||||
||Charitable<br>activities|||||121,400||121,400|
||Total expenditure|||||121,400||121,400|
||Net movement<br>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<br>from The Economist Newspaper|||Ltd|119,290||119,290|111,950|
||||||119,290||119,290|111,950|





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|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<br>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<br>(including|GAYE)|Direct||||20,052|
||||89,535||89,535|121,400|
|Governance<br>cost|||||||
|Total expenditure|||89,535||89,535|121,400|



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|7|Debtors|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021f|
||Accrued income|||||||||55,098|90,115|
|||||||||||55,098|90,115|
|8|Creditors: amounts||||falling|due within||one year||||
|||||||||||2022|2021|
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||Accruals|||||||||25,758|102,153|
|||||||||||25,758|102,153|
|9|Movements<br>in|funds|||||At the|||||
||||||||start of|Income||Expenditure|At the end of|
||||||||the year|and|gains|&losses|the year|
||||||||||F|||
||Unrestricted<br>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|





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