| Contents | |
|---|---|
| Page | |
| Trustees'report | 2 |
| lndependentexaminer'sreport | 6 |
| Statement offinancialactivities | I |
| Balance sheet | I |
| Statement of cash flows | 10 |
| Notes to thefinancialstatements | 11 |
| 2022t23 | 2021t22 | |
|---|---|---|
| Spend matching staff donations | t21,721 | t16,241 |
| Average donationby colleague | Ê189 | f417 |
| Project grant donations | [63,000 | Ê0 |
| Double-matching campaignforTurkeyand | Ê11,055 | nla |
| SyriaEarthquake Appeal | ||
| Double-matching campaignforUkraine | nla | Ê51,566 |
| Give AsYouEarn (UKtaxefficient donation) | î21,545 | î21,728 |
| Trustee | Startdate | Current termend date |
|---|---|---|
| Michaelïhomas(Chair) | 1 Februarv 2022 | 31 lt[arch 2026 |
| Hubert Miernik | 1December2019 | 31Marcl-t2024 |
| AqatheDemarais | 1December 2018 | 31Januarv2023 |
| Colm Kinsella | 1 Februarv 2022 | 31 March 2026 |
| Sarah Birke | 1Mav 2022 | 31March 2026 |
| Shane Naughton(external) Mattie Bekink |
1 Februarv 2022 IFebruarv 2023 |
31 March 2026 31March 2027 |
| Heena Sharma Emily Mansfield |
1Februarv2023 IFebruary2023 |
31lt(arch 2027 31March 2027 |
Date: 22 January 2024
| Fortheyearended March31s | t2023 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted Note € |
Restricted € |
Total € |
Totalf | ||
| lncomefrom | |||||
| Donations | 3 | 88,974 | 99,974119,290 | ||
| Totalincome | 88,974 | 88,974 | 119,290 | ||
| Expenditure on: Charitable activities |
4 | 117,321 | 117,321 | 89,535 | |
| Total expenditure | 117,32',1 | 117,32189,535 | |||
| Netmovementinfunds | (28,347) | (28,347)2e,755 | |||
| Reconciliation of funds: | |||||
| Totalfundsbrought forward | 9 | 29 755 | 29,755 | ||
| Totalfundscarried forward | 1,408 | 1,408 | 29,755 |
| TheEconomistCharitableTrust Balance sheet As at March3lst2023 |
|||||
|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | ||
| Note | Ê | t | Ê | Ê | |
| Gurrentassets: | |||||
| Debtors | 7 | 89,327 | 55,098 | ||
| Cashatbankandin hand | 11 | 169 | 415 | ||
| 89,496 | 55,513 | ||||
| Liabilities: | |||||
| Creditors: amountsfallingduewithinoneyear | I | (88,088) | (2s,7581 | ||
| Totalnetassets | 1,408 | 29,755 | |||
| Funds | 9 | ||||
| Restrictedfunds | |||||
| Unrestricted funds: | |||||
| Generalfunds | 1,408 | 29,755 | |||
| Total unrestrictedfunds | 1,408 | 29,755 | |||
| Totalfunds | 1,408 | 29,755 |
| TheEconomistGharitableTrust Statementofcashflows For the yearendedMarch 31st2023 |
|||||
|---|---|---|---|---|---|
| Note | 2023 | 2023 | 2022 | 2022 | |
| g | c | f | f | ||
| Gashflows from operating activities: | |||||
| Net cash used in operating activities | 10 | (246) | (11,623) | ||
| Ghange in cash and cashequivalentsintheyear | (246) | (11,623) | |||
| Cash and cash equivalentsatthebeginning of the year | 415 | 12,038 | |||
| Cash and cashequivalentsattheendoftheyear | 11 |
169 | 415 |
| 2 | Detailed comparativesforthe statement of | financial activities | |||
|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | |||
| Unrestrictedr | Restricted â |
TotalI | |||
| Income from: | |||||
| Donations | 119,290 | 119,290 | |||
| lnvestments | |||||
| Totalincome | 119,290 | ||||
| Expenditure on: | |||||
| Charitable activities | 89,535 | - | 89,535 | ||
| Total expenditure | 89,535 | - | g9"53-5 | ||
| Netmovement infunds | 29,755 | - | 29,755 | ||
| Total funds brought forward | |||||
| Totalfundscarriedforward | 29,755 | ||||
| 3 | lncomefrom donations | ||||
| 2023 | 2022 | ||||
| Unrestrictedf | Restricted Ê |
Total Ê |
Total â |
||
| Donations from The Economist NewspaperLtd | 88,974 | 88,974 | 119,290 | ||
| 88,974 | 88,974 | 119,29O |
| Donations | |||||
|---|---|---|---|---|---|
| Basisof | madeto | Governance2023 | 2022 | ||
| allocation | lnstitutions | costs | otal T |
Total | |
| € | € | Ê | |||
| UNICEF | Direct | : | 47,000 | ||
| GAYE | Direct | 21,545 | 21,545 | 21,728 | |
| UNICEFHK | Direct | 4,566 | |||
| Bacs Matching Donations | Direct | 32,531 | 32,531 | 4,619 | |
| Other - Staff matching | Direct | 245 | 245 | 11,622 | |
| Hackney Doorways CAF | Direct | 10,732 | 10,732 | ||
| Mother's Choice Limited | Direct | 9,199 | 9,199 | ||
| My Sister's Place | Direct | 14,217 | 14,217 | ||
| ReachtoTeach | Direct | 6,133 | 6,133 | ||
| Supporting Ugandan Education | Direct | 10,593 | 10,593 | ||
| Talent Beyond BoundariesUK | Direct | 12,126 | 12,126 | ||
| 117,321 | 117,32'l | 99,535 | |||
| Governancecost | |||||
| Total expenditure | 117,321 | 117,321 | 99,535 |
| Fo 7 |
rtheyearendedMarch Debtors |
31st2023 | ||||
|---|---|---|---|---|---|---|
| 2023 Ê |
2022f | |||||
| Accruedincome | 89,327 | 55.098 | ||||
| _89.327 | 55,098 | |||||
| I | Creditors: amountsfalling Accruals |
duewithin | oneyear | 2023 2022 t€ BB,OBB25,758 |
||
| 88,088 | 25,758 | |||||
| 9 | Movementsinfunds | Atthe startof |
lncoming resources |
Outgoing resources |
At theendof | |
| theyear fÊ |
&gains | &losses Ê |
theyear I |
|||
| Unrestrictedfunds: | ||||||
| Generalfunds | 29,755 | 88,974 | (117,321| | 1,408 | ||
| Total unrestricted funds | 29,755 | 88,974 | (1',17,3211 | 1,409 | ||
| Total funds | Æ | 88,974 | (',17,3211 | 'l,4Og |
| l0 | Reconciliationofnetincome /(expenditure)tonet cashflow | from operating activities | from operating activities |
|---|---|---|---|
| 2023 Êf |
2022 | ||
| Netincome/(expenditure) for the reportingperiod | (28,347) | 29,755 | |
| (as perthe statement of financial activities) | |||
| Decrease/(increase) in debtors | (34,229) | 35,017 | |
| (Decrease)/l ncrease increditors Netcashusedin operatingactivities |
62,330 (2461 |
(76,395) (11,623) |
| Analysis of cashand cashequivale | nts | |||
|---|---|---|---|---|
| AtlApril | Gash | At31March | ||
| 2022 | flows | 2023 | ||
| Ê | € | € | ||
| Cash at bankandinhand | 415 | (246) | 169 | |
| Totalcashandcash equivalents | 415 | _elql | r69 |