| Gontents | |
|---|---|
| Page | |
| Trustees'report | 2 |
| lndependentexaminer'sreport | 6 |
| Statement offinancialactivities | I |
| Balance sheet | 9 |
| Statement of cash flows | 10 |
| Notes to thefinancialstatements | 11 |
| 2023124 | 2022123 | |
|---|---|---|
| Spend matching staff donations | 836,626 | t21,721 |
| Averagedonationby colleague | î732 | Ê189 |
| Project grant donations | f43,000 | 163,000 |
| Double-matching campaignforTurkeyand | nla | Ê11,055 |
| Syria Earthquake Appeal | ||
| Give AsYouEarn (UKtaxefficient donation) | 825 176 | t21,545 |
| Trustee | Startdate | Gurrent termend date |
|---|---|---|
| MichaelThomas(Chair) | 1 Februarv 2022 | 31 March2O26 |
| Colm Kinsella | IFebruarv2022 | 31 March2Q26 |
| Sarah Birke | 1Mav 2022 | 31 March2O26 |
| Shane Nauqhton(external) | 1Februaw2Q22 | 31March 2026 |
| Heena Sharma | 1Februarv2023 | 31 March2027 |
| Emily Mansfield Edward Chui |
1Februarv 2023 IApril2024 |
31 March2027 31March 2029 |
| Sarah Repucci | 1Aoril2O24 | 31March 2029 |
Date: 4 November 2024
| For theyearended March31s | t2024 | ||||
|---|---|---|---|---|---|
| 2024 | 2s23 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Note | € | I | € | € | |
| lncome from: | |||||
| Donations | 3 | 104,000 | 104,000 | 88,974 | |
| Totalincome | 104,000 | 104,000 | |||
| Expenditure on: | |||||
| Charitable activities | 4 | 104,802 | 104.802 | 117,321 | |
| Total expenditure | 104,802 | 104.802 | 117,321 | ||
| Netmovementinfunds | (802) | (802) | (28,347) | ||
| Reconciliationoffunds: | |||||
| Totalfundsbrought forward | 9 | 'l,409 | 1,408 | 29,755 | |
| Total funds carried forward | 606 | 606 | 1,408 |
| TheEconomistGharitableTrust Balance sheet Asat March31st2024 |
|||||
|---|---|---|---|---|---|
| 2024 | 2024 | 2023 | 202? | ||
| Note | E | Ê | Ê | Ê | |
| Gurrentassets: | |||||
| Debtors | 7 | 65,223 | 89,327 | ||
| Cashatþankandin hand | 11 | 170 | 169 | ||
| 65,393 | 89,496 | ||||
| Liabilities: | |||||
| Creditors: amountsfallingdue within oneyear | I | (64,7871 | (88,088) | ||
| Totalnetassets | 606 | 1,408 | |||
| Funds | I | ||||
| Restricted funds | |||||
| Unrestricted funds: | |||||
| Generalfunds | 606 | 1,408 | |||
| Total unrestrictedfunds | 606 | 1,408 | |||
| Totalfunds | 606 | 1,408 |
| TheEconomistGharitableTrust Statementofcashflows FortheyearendedMarch31st2024 |
|||||
|---|---|---|---|---|---|
| Note | 2024 | 2024 | 2023 | 2023 | |
| â | € | Ê | Ê | ||
| Cashflowsfrom operating activities: | |||||
| Netcashused in operating activities | l0 | 1 | (246) | ||
| Ghange incashand cashequivalentsinthe year | 1 | (246) | |||
| Cash and cash equivalents atthebeginningofthe year | 169 | 415 | |||
| Gashandcashequivalentsattheend oftheyear | 11 |
170 | 169 |
| 2 | Detailed comparativesforthe statement offinancial activities | Detailed comparativesforthe statement offinancial activities | |||
|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | |||
| UnrestrictedI | Restricted € |
Totalf | |||
| lncomefrom: | |||||
| Donations | 88,974 | 88,974 | |||
| lnvestments | |||||
| Totalincome | |||||
| Expenditure on: | |||||
| Charitable activities | 117,321 | 117,321 | |||
| Total expenditure | '117,321 | ||||
| Netmovement infunds | (28,347) | - | (28,347') | ||
| Total funds brought forward | 29 755 | ||||
| Totalfunds carried forward | 1,408 | u99 | |||
| 3 | lncomefrom donations Donations from The Economist NewspaperLtd |
Unrestrictedt 104,000 |
Restricted € |
2024 Total €[ 104,000 |
2023 Total 88,974 |
| i_q4q99 | i_94,q9!__gqgzl |
| Analysis of expenditure | |||||
|---|---|---|---|---|---|
| Charitable | |||||
| Activities | |||||
| Donations | |||||
| Basisof | madeto | Governance | 2024 | 2023 | |
| allocation | lnstitutionst | costs | TotalI | Total â |
|
| GAYE | Direct | 24,814 | 24,814 | 21,545 | |
| Bacs Matching Donations | Direct | 36,988 | 36,988 | 32,531 | |
| Other -Staffmatching | Direct | 245 | |||
| HackneyDooruvaysCAF | Direct | 10,732 | |||
| Mother's Choice Limited | Direct | 9,199 | |||
| MySister'sPlace | Direct | 14,217 | |||
| Reach to Teach | Direct | 6,133 | |||
| Supporting Ugandan Education | Direct | 10,593 | |||
| TalentBeyond Boundaries UK | Direct | 12,126 | |||
| VanessaGrantTrust | Direct | 14,000 | 14,000 | ||
| CRY | Direct | 11,000 | 1l,000 | ||
| lnCommon | Direct | 10,000 | 10,000 | ||
| Brotherhood SisterSol | Direct | 5,000 | 5,000 | ||
| Po Leung Kuk | Direct | 3,000 | 3,000 | ||
| 104,802 | 104,802 | 117,321 | |||
| Governance cost | |||||
| Total expenditure | 104,802 | 104,802 | 117,321 |
| 7 | Debtors | ||||
|---|---|---|---|---|---|
| 2024 € |
2023I | ||||
| Accruedincome | 65,223 | 89,327 | |||
| 65,223 | 89,327 | ||||
| I | Greditors: amountsfalling | duewithin | oneyear | ||
| 2024 | 2023 | ||||
| e | â | ||||
| Accruals | 64,787 | 88,088 | |||
| _64,787 | 88,088 | ||||
| 9 | Movementsinfunds | Atthe | |||
| startof theyear € |
lncome&Expenditure gains&losses t€ |
Attheendof the year Ê |
|||
| Unrestrictedfunds: | |||||
| Generalfunds Total unrestrictedfunds |
1,408 1,408 |
104,000(104,802) 104,000(104,8021 |
606 606 |
||
| Totalfunds | -1¡õd- | 104,000(104,8021 | 606 |
| Reconciliationofnetincome/(expenditure)tonet cashflow | from operatingacti | vities |
|---|---|---|
| 2024 | 2023 | |
| €€ | ||
| Netincome/(expenditure) for thereportingperiod | (802) | (28,347) |
| (as perthe statement of financial activities) | ||
| Decrease/(increase) in debtors | 24,104 | (34,229) |
| (Decrease)/lncreaseincreditors | (23,3011 | 62,330 |
| Netcash used in operatingactivities | 1 | (2461 |
| Analysis of cash andcashequivale | nts | ||
|---|---|---|---|
| AtIApril | At31 March | ||
| 2023 | Gashflows | 2024 | |
| Ê | € | € | |
| Cash at bank and in hand | 169 | 1 | 170 |
| Total cash and cash equivalents | 169 | 1 | 170 |