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|Contents||
|---|---|
||Page|
|Trustees'report|2|
|lndependentexaminer'sreport|6|
|Statement offinancialactivities|I|
|Balance sheet|I|
|Statement of cash flows|10|
|Notes to thefinancialstatements|11|





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||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|



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|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)<br>Mattie Bekink|1 Februarv 2022<br>IFebruarv 2023|31 March 2026<br>31March 2027|
|Heena Sharma<br>Emily Mansfield|1Februarv2023<br>IFebruary2023|31lt(arch 2027<br>31March 2027|



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**Date: 22 January 2024** 




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|Fortheyearended March31s|t2023|||||
|---|---|---|---|---|---|
|||||2023|2022|
||Unrestricted<br>Note<br>€||Restricted<br>€|Total<br>€|Totalf|
|lncomefrom||||||
|Donations|3|88,974||99,974119,290||
|Totalincome||88,974||88,974|119,290|
|Expenditure on:<br>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_|





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|TheEconomistCharitableTrust<br>Balance sheet<br>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|





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|TheEconomistGharitableTrust<br>Statementofcashflows<br>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|<br>11||169||415|





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|2|Detailed comparativesforthe statement of|financial activities||||
|---|---|---|---|---|---|
||||2022|2022|2022|
||||Unrestrictedr|Restricted<br>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<br>Ê|Total<br>Ê|Total<br>â|
||Donations from The Economist NewspaperLtd|88,974||88,974|119,290|
|||88,974||88,974|119,29O|





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|||Donations||||
|---|---|---|---|---|---|
||Basisof|madeto|Governance2023||2022|
||allocation|lnstitutions|costs|otal<br>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|



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|Fo<br>7|rtheyearendedMarch<br>Debtors|31st2023|||||
|---|---|---|---|---|---|---|
||||||2023<br>Ê|2022f|
||Accruedincome||||89,327|55.098|
||||||_89.327|55,098|
|I|Creditors: amountsfalling<br>Accruals|duewithin|oneyear||2023<br>2022<br>t€<br>BB,OBB25,758||
||||||88,088|25,758|
|9|Movementsinfunds|Atthe<br>startof|lncoming<br>resources|Outgoing<br>resources|At theendof||
|||theyear<br>fÊ|&gains|&losses<br>Ê||theyear<br>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<br>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<br>Netcashusedin operatingactivities|62,330<br>(2461|(76,395)<br>(11,623)|



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|Analysis of cashand cashequivale|nts||||
|---|---|---|---|---|
||AtlApril||Gash|At31March|
||2022||flows|2023|
||Ê||€|€|
|Cash at bankandinhand|415||(246)|169|
|Totalcashandcash equivalents|415|_elql||r69|





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