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|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees' Report|||2-5|
|Independent
Auditor's|Report|on the Financial Statements|6-8|
|Statement ofFinancial|Activities|||
|Balance Sheet|||10|
|Statement ofCash Flows||||
|Notes to the Financial|Statements||12-26|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
||||Note|||||
|Income from:||||||||
|Donations
and|legacies|||65,454||65,454|647,972|
|Other trading
activities||||142,986||142,986|3,294|
|Investments||||18,341||18,341|286,033|
|Total income||||226,781||226,781|937,299|
|Expenditure
on:||||||||
|Charitable
activities|||7|1,253,119|27,977|1,281,096|1,222,009|
|Total expenditure||||1,253,119|27,977|1,281,096|1,222,009|
|Net movement|in funds|||(1,026,338)|(27,977)|(1,054,315)|(284,710)|
|Reconciliation|offunds:|||||||
|Total funds brought||forward||5,790,352|118,036|5,908,388|6,193,098|
|Net movement|in funds|||(1,026,338)|(27,977)|(1,054,315)|(284,710)|
|Total funds carried forward||||4,764,014|90,059|4,854,073|5,908,388|
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|||||||||2022|||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Note|||R||||
|Fixed assets||||||||||||
|Tangible assets||||||||958,108|||979,600|
|||||||||958,108|||979,600|
|Current assets||||||||||||
|Debtors: amounts|falling due after more than|||||||||||
|one year|||||12||1,733,706||1,730,329|||
|Debtors: amounts|falling due within one year||||12||742,632||753,832|||
|Cash at bank and|in|hand|||||1,515,683||2,526,027|||
||||||||3,992,021||5,010,188|||
|Creditors: amounts||falling due within one||||||||||
|year|||||||(96,056)||(81,400)|||
|Net current assets||||||||3,895,965|||4,928,788|
|Total assets less|current liabilities|||||||4,854,073|||5,908,388|
|Total net assets||||||||4,854,073|||5,908,388|
|Charity funds||||||||||||
|Restricted funds|||||14|||90,059|||118,036|
|Unrestricted
funds|||||14|||4,764,014|||5,790,352|
|Total funds||||||||4,854,073|||5,908,388|
|The
financial
(w|statements
were
I~~( ckeo&8|||approved||and|authorised
for
issue
by
and signed on their behalf by:|||the|Trustees
on|
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
|Donations|&|gifts|57,379|57,379|
|HM Revenue||&Customs tax reclaimed|8,075|8,075|
||||65,454|65,454|
||||Unrestricted|Total|
||||funds|funds|
||||202f|2021|
|Donations|&|gifts|638,642|638,642|
|WM Revenue||&Customs tax reclaimed|9,330|9,330|
||||647,972|647,972|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||R||
|Rent|income|1,453|1,453|
|Profit|on exchange rate fluctuations|140,568|140,588|
|Profit|on sale offixed assets|965|985|
|||142,986|142,986|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|Rent|income|3,294|3,294|
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2022|2022|
||E|
|18,341|18,341|
|Unrestricted|Total|
|funds|funds|
|2021|2021|
|286,033|286,033|
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|||||Grants to|Grants to|Total|
|---|---|---|---|---|---|---|
|||||Institutions|Individuals|funds|
|||||2022|2022|2022|
|||||||R|
|Grants,|Relief|of|Poverty|27,977|1,165,276|1,193,253|
|||||Grants to|Grants to|Total|
|---|---|---|---|---|---|---|
|||||Institutions|Individuals|funds|
|||||2021|2021|2021|
|Grants,|Relief|of|Poverty|62,505|800,710|863,215|
##
|The Charity has made th|e following
grants to institut|ions
during the year:|||
|---|---|---|---|---|
||||2022|2021|
|Name ofinstitution|||||
|Jamaica Poverty Trust|||27,977|44,732|
|II Piccollo||||17,773|
||||27,977|62,505|
|Analysis ofexpenditure|by activities||||
|||Grant|||
|||funding of|Support|Total|
|||activities|costs|funds|
|||2022|2022|2022|
|Relief of Poverty||1,193,253|87,843|1,281,096|
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|Grant|||
|---|---|---|
|funding ot|Support|Total|
|activities|costs|funds|
|2021|2021|2021|
|863,215|358,794|1,222,009|
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|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2021|
|||E||
|Support costs||3,109|8,912|
|Audit fees||10,470|9,960|
|Accountancy|fees|7,200|5,800|
|Professional|and Admin fees|45,047|20,206|
|Finance costs||525|274,624|
|Depreciation||21,492|20,194|
|Loss on disposal offixed asset|||19,098|
|||87,843|358,794|
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|||||2022|2021|
|---|---|---|---|---|---|
|Fees payable|to the Charity's|auditor for the audit ofthe Charity's|annual|||
|accounts||||10,470|9,960|
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|11~|Tangible fixed assets|||||
|---|---|---|---|---|---|
||||Freehold|Office||
||||property|equipment|Total|
||||R|E||
||Cost or valuation|||||
||At 1 July 2021||1,084,463|4,091|1,088,554|
||At 30June 2022||1,084,463|4,091|1,088,554|
||Depreciation|||||
||At 1 July 2021||105,480|3,474|108,954|
||Charge for the year||21,369|123|21,492|
||At 30June 2022||126,849|3,597|130,446|
||Net book value|||||
||At 30June 2022||957,614|494|958,108|
||At30June 2021||978,983|617|979,600|
||These are all held in unrestricted|funds.||||
|12.|Debtors|||||
|||||2022|2021|
|||||R||
||Due after more than one year|||||
||Other debtors|||1,733,706|1,724,991|
||Loans to charitable Trusts||||5,338|
|||||1,733,706|1,730,329|
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|||2022|2021|
|---|---|---|---|
|Due within one year||||
|Loans made|to beneficiaries|382,478|329,172|
|Loans to charitable Trusts||353,799|333,396|
|Prepayments|and accrued income|6,355|18,363|
|Other debtors|||72,901|
|||742,632|753,832|
##
|||2022|2021|
|---|---|---|---|
|||K||
|Other loans||50,000|50,000|
|Accruals and deferred|income|46,056|31,400|
|||96,056|81,400|
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at 1||||30June|
||||July 2021
f.|Income
f.|Expenditure|f|2022|
|Unrestricted||funds||||||
|General|Fund||5,790,352|226,781|(1,253,119)||4,764,014|
||||||||Balance at|
||||Balance at 1||||30June|
||||July 2021f|Income|Expenditure||2022|
|Restricted funds||||||||
|Jamaica|||11&,036||(27,9T7)||90,059|
|Total of|funds||5,908,388|226,781|(1,281,096)||4,854,073|
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|Summary
offunds - current y|ear||||
|---|---|---|---|---|
|||||Balance at|
||Balance at 1|||30June|
||July 2021|Income|Expenditure|2022|
|||f.|||
|General funds|5,790,352|225,781|(1,253,119)|4,764,014|
|Restricted funds|118,036||(27,977)|90,059|
||5,908,388|226,781|(1,281,096)|4,854,073|
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|Summary
offunds - prior year|||||
|---|---|---|---|---|
|||||Balance at|
||Balance at|||30June|
||1July 2020|Income|Expenditure|2021|
|General funds|6,075,062|937,299|(1,222,009)|5,790,352|
|Restricted funds|118,036|||118,036|
||6,193,098|937,299|(1,222,009)|5,908,388|
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|Analysis ofnet assets between funds
Analysis of net assets between funds - current year||||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2022|2022|2022|
|Tangible fixed assets|958,108||M8,108|
|Debtors due after more than one year|1,735,172||1,735,172|
|Current assets|2,166,790|90,059|2,256,849|
|Creditors due within one year|(96,056)||(96,056)|
|Total|4,764,014|90,059|4,854,073|
|Analysis ofnet assets between funds - prior year||||
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2021|2021|2021|
|Tangible fixed assets|979,600||979,600|
|Debtors due after more than one year|1,730,329||1,730,329|
|Current assets|3,161,823|118,036|3,279,859|
|Creditors due within one year|(81,400)||(81,400)|
||5,790,352|118,036|5,908,388|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||R||
|Net expenditure
for|the year (as per Statement of Financial Activities)|||(1,054,315)|(284 710)|
|Adjustments
for:||||||
|Depreciation
charges||||21,492|20,194|
|Loan revaluation|||||(40,000)|
|Dividends,
interests|and rents|from investments||(18,341)|(286,033)|
|Loss on the sale of|fixed assets||||19,098|
|(Increase)/decrease|in debtors|||7,822|1,479,666|
|Increase/(decrease)|in creditors|||14,657|(35,767)|
|Net cash provided|by/(used|In) operating|activities|(1,028,685)|872,448|
##
|18.|Analysis ofcash and|cash equivalents|||
|---|---|---|---|---|
||||2022|2021|
||Cash in hand||1,515,683|2,526,027|
||Total cash and cash|equivalents|1,515,683|2,526,027|
|19.|Analysis ofchanges|in net debt|||
|||||At1 July||At 30June|
|---|---|---|---|---|---|---|
|||||2021|Cash flows|2022|
|Cash|at bank and||in hand|2,526,027|(1,010,344)|1,515,683|
|Debt|due within|1|year|(50,000)||(50,000)|
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