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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 of Financial|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|
||Note|2023
E|2023|2023f|2022|
|Income from:||||||
|Donations
and legacies||552,117||552,117|65,454|
|Other trading
activities||57,203||57,203|142,986|
|Investments||19,202||19,202|18,341|
|Total income||628,522||628,522|226,781|
|Expenditure
on:||||||
|Charitable
activities|7|1,640,195|61,126|1,701,321|1,281,096|
|Total expenditure||1,640,195|61,126|1,701,321|1,281,096|
|Net movement
in funds||(1,011,673)|(61,126)|(1,072,799)|(1,054,315)|
|Reconciliation
offunds:||||||
|Total funds brought
forward||4,764,014|90,059|4,854,073|5,908,388|
|Net movement
in funds||(1,011,673)|(61,126)|(1,072,799)|(1,054,315)|
|Total funds carried forward||3,752,341|28,933|3,781,274|4,854,073|
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|||||Note|||2023|||2022f|
|---|---|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||||
|Tangible assets|||||||910,211|||958,108|
||||||||910,211|||958,108|
|Current assets|||||||||||
|Debtors: amounts|falling due||after more than||||||||
|one year||||12||1,658,026||1,733,706|||
|Debtors: amounts|falling due within one year|||12||785,218||742,632|||
|Cash at bank and|in hand|||||451,044||1,515,683|||
|||||||2,894,288||3,992,021|||
|Creditors: amounts|falling|due within one|||||||||
|year||||||(23,225)||(96,056)|||
|Net current assets|||||||2,871,063|||3,895,965|
|Total assets less|current|liabilities|||||3,781,274|||4,854,073|
|Total net assets|||||||3,781,274|||4,854,073|
|Charity funds|||||||||||
|Restricted funds||||14|||28,933|||90,059|
|Unrestricted
funds||||14|||3,752,341|||4,764,014|
|Total funds|||||||3,781,274|||4,854,073|
|The
financial|statements||were
approved||and|authorised|for
issue|by|the|Trustees
on|
|Gfr Og/~2|f-|||||and signed on their behalf by:|||||
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|||||2023|2022|
|---|---|---|---|---|---|
||||Note|F||
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities||17|(1,133,843)|(1,028,685)|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||19,204|18,341|
|Net cash provided
by investing
activities||||19,204|18,341|
|Cash flows from financing|activities|||||
|Repayments
of borrowing||||50,000||
|Net cash provided
by financing
activities||||50,000||
|Change
in cash and cash|equivalents
in|the year||(1,064,639)|(1,010,344)|
|Cash and cash equivalents|at the beginning|ofthe year||1,515,683|2,526,027|
|Cash and cash equivalents|at the end of|the year|18|451,044|1,515,683|
|The notes on pages 12to 26 form part ofthese financial statements||||||
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
|Donations|&|gifts|540,502|540,502|
|Legacies|||1,000|1,000|
|HM Revenue||8 Customs tax reclaimed|10,615|10,615|
||||552,117|552,117|
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022f|
|Donations|8|gifts|57,379|57,379|
|Legacies|||||
|HM Revenue||8 Customs tax reclaimed|8,075|8,075|
||||65,454|65,454|
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023|2023|
||||F|E|
|Rent|income||1,404|1,404|
|Profit|on exchange|rate fluctuations|32,291|32,291|
|Profit|on sale offixed assets||23,508|23,508|
||||57,203|57,203|
||||Unrestricted|Total|
||||funds|funds|
||||2022|2022|
|Rent|income||1,453|1,453|
|Profit|on exchange|rate fluctuations|'/40, 568|140,568|
|Profit|on sale offixed assets||965|965|
||||142,986|142,986|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023|
|Investment|income|19,202|19,202|
|||Unrestricted|Total|
|||funds|funds|
|||2022f|2022|
|Investment|income|18,341|18,341|
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|||||Grants to|Grants to|Total|
|---|---|---|---|---|---|---|
|||||Institutions|Individuals|funds|
|||||2023|2023|2023|
|Grants,|Relief|of|Poverty|79,820|1,535,268|1,615,088|
|Grants to|Grants to|Total|
|---|---|---|
|Institutions|Individuals|funds|
|2022|2022f|2022f|
|27,977|1,165,276|1,193,253|
|The Charity has made the following
grants to institutio|ns
during the year:||
|---|---|---|
||2023|2022f|
|Name of institution|||
|Jamaica Poverty Trust|61,126|27,977|
|II Piccollo|18,694||
||79,820|27,977|
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||||Grant|||
|---|---|---|---|---|---|
||||funding of|Support|Total|
||||activities|costs|funds|
||||2023|2023|2023|
|Relief|of|Poverty|1,615,088|86,233|1,701,321|
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|Analys|is|ofexpenditure
by activities (|continued)|||
|---|---|---|---|---|---|
||||Grant|||
||||funding
ot|Support|Total|
||||activities|costs|funds|
||||2022|2022f|2022f|
|Relief|of|Poverty|1,193,253|87843|1 281096|
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|||||Total|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2023|2022f|
|Support costs||||4,557|3,109|
|Audit fees||||10,470|10,470|
|Accountancy|fees|||4,575|7,200|
|Professional|and Admin fees|||44,476|45,047|
|Finance costs||||751|525|
|Depreciation||||21,404|21,492|
|||||86,233|87,843|
|Auditor's
remuneration||||||
|||||2023|2022f|
|Fees payable|to the Charity's|auditor for the audit ofthe Charity's|annual|||
|accounts||||10,470|10,470|
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||Freehold|Office||
|---|---|---|---|
||property|equipment|Total|
|Cost or valuation||||
|At 1 July 2022|1,084,463|4,091|1,088,554|
|Disposals|(34,000)|(2,741)|(36,741)|
|At 30June 2023|1,050,463|1,350|1,051,813|
|Depreciation||||
|At 1 July 2022|126,849|3,597|130,446|
|Charge for the year|21,368|36|21,404|
|On disposals|(7,820)|(2,428)|(10,248)|
|At 30June 2023|140,397|1,205|141,602|
|Net book value||||
|At 30June 2023|910,066|145|910,211|
|At 30June 2022|957,614|494|958,108|
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||||2023f|2022|
|---|---|---|---|---|
|Due after more than one year|||||
|Other debtors|||1,658,026|1,733,706|
||||2023f|2022|
|Due within one year|||||
|Loans made|to beneficiaries||427,867|382,478|
|Loans to charitable||Trusts|349,128|353,799|
|Prepayments|and|accrued income|8,223|6,355|
||||785,218|742,632|
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|||2023f|2022f|
|---|---|---|---|
|Other loans|||50,000|
|Accruals and deferred|income|23,225|46,056|
|||23,225|96,056|
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|||||||Balance at|
|---|---|---|---|---|---|---|
||||Balance at 1|||30June|
||||July 2022|Income|Expenditure|2023|
|Unrestricted||funds|||||
|General|Fund||4,764,014|628,522|(1,640,195)|3,752,341|
|||||||Balance at|
||||Balance at 1|||30June|
||||July 2022f|Income
f|Expenditure
F|2023
F|
|Restricted funds|||||||
|Jamaica|||90,059||(61,126)|28,933|
|Total of|funds||4,854,073|628,522|(1,701,321)|3,781,274|
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|Summary
offunds - prior year|||||
|---|---|---|---|---|
|||||Balance at|
||Balance at|||30June|
||1July 2021|Income|Expenditure|2022f|
|General funds|5,790,352|226,781|(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|
##
|Analysis|of net assets between
funds - current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
|||||F|
|Tangible|fixed assets|910,211||910,211|
|Debtors|due after more than one year|1,658,026||1,658,026|
|Current|assets|1,207,329|28,933|1,236,262|
|Creditors|due within one year|(23,225)||(23,225)|
|Total||3,752,341|28,933|3,781,274|
|Analysis|of net assets between funds - prior year||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|Tangible|fixed assets|958,108||958,108|
|Debtors|due after more than one year|1,733,706||1,733,706|
|Current|assets|2,168,256|90,059|2,258,315|
|Creditors|due within one year|(96,056)||(96,056)|
|Total||4,764,014|90,059|4,854,073|
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||||2023|2022|
|---|---|---|---|---|
||||F||
|Net expenditure
for the year (as per Statement||of Financial Activities)|(1,072,799)|(1,054,315)|
|Adjustments
for:|||||
|Depreciation
charges|||21,404|21,492|
|Dividends,
interests|and rents from investments||(19,202)|(18,341)|
|Loss/(profit)
on the|sale offixed assets||(23,508)||
|(Increase)/decrease|in debtors||33,094|7,822|
|Increase/(decrease)|in creditors||(72,832)|14,657|
|Net cash used in operating
activities|||(1,133,843)|(1,028,685)|
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|||2023|2022|
|---|---|---|---|
|Cash|in hand|451,044|1,515,683|
|Total|cash and cash equivalents|451,044|1,515,683|
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|||||At 1July||At 30June|
|---|---|---|---|---|---|---|
|||||2022|Cash flows|2023|
|||||f|P||
|Cash|at bank and||in hand|1,515,683|(1,064,638)|451,045|
|Debt|due within|1|year|(50,000)|50,000||
|||||1,465,683|(1,014,638)|451,045|
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