| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe charity, its Trustees and advisers | 1-2 | |
| Trustees' report |
3-7 | ||
| Trustees' responsibilities statement |
|||
| Independent auditor's |
report | on the financial statements | 9-12 |
| Statement offinancial | activities | 13 | |
| Balance sheet | 14 | ||
| Statement ofcash flows | 15 | ||
| Notes to the financial | statements | 16-32 |
| Trustees | Dr Judith Vivienne | Brett, (Chair) | Brett, (Chair) | ||
|---|---|---|---|---|---|
| Rod Clark (appointed | 2 September | 2021) | |||
| Fiona Cramb | |||||
| Helen Curtis | |||||
| Terry Davies, (Treasurer) | |||||
| Anne-Marie Edgell |
(retired 6 July 2022) | ||||
| Phillip Everett (appointed 6 July 2022) |
|||||
| Adam McCormack | |||||
| Sue Silk | |||||
| Charity Registered | |||||
| Number | 801875 | ||||
| Registered | Address | Unit G03 | |||
| Studio 5 | |||||
| The Leather Market | |||||
| 11/13Weston Street | |||||
| London | |||||
| SE13ER | |||||
| Director | Laura Roling | ||||
| Grants Officer | James Middleton | ||||
| Auditors | James Cowper Kreston | ||||
| Chartered Accountants |
and Statutory | Auditor | |||
| Reading Bridge House |
|||||
| George Street | |||||
| Reading | |||||
| Berkshire | |||||
| RG1 8LS | |||||
| Bankers | Triodos Bank | ||||
| Deanery Road | |||||
| Bristol | |||||
| BS15AS | |||||
| Sol&ators | Bates Wells and Braithwaite | ||||
| 10Queen Street | |||||
| London | |||||
| EC4R 1BE | |||||
| Investment | Advisors | Cazenove Capital Management Ltd |
|||
| 12Moorgate | |||||
| London | |||||
| EC2R 6DA |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| Note | F | ||||
| Income from: | |||||
| Investments | 251,114 | 251,114 | 326,922 | ||
| Total income | 251,114 | 251,114 | 326,922 | ||
| Expenditure on: |
|||||
| Raising funds | 107,401 | 107,401 | 97,875 | ||
| Charitable activities |
885,874 | 885,874 | 948,843 | ||
| Total expenditure | 993,275 | 993,275 | 1,046,718 | ||
| Net gains on investments | 1,042,873 | 1,042,873 | 3,385,650 | ||
| Net movement in funds |
300,712 | 300,712 | 2,665,854 | ||
| Reconciliation offunds: |
|||||
| Total funds brought | forward | 17,127,692 | 17,127,692 | 14,461,838 | |
| Total funds carried forward | 17,428,404 | 17,428,404 | 17,127,692 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | F | |||||
| Fixed assets | ||||||
| Intangible assets | 11 | 4,317 | 5,756 | |||
| Tangible assets | 12 | 1,840 | ||||
| Investments | 13 | 16,955,106 | 16,584,039 | |||
| 16,961,263 | 16,589,795 | |||||
| Current assets | ||||||
| Debtors | 14 | 21,118 | 4,502 | |||
| Investments | 15 | 464,035 | 588,888 | |||
| Cash at bank and | in hand | 17,504 | 26,654 | |||
| 502,657 | 620,044 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 16 | (35,516) | (82,147) | |||
| Net current assets | 467,141 | 537,897 | ||||
| Total net assets | 17,428,404 | 17,127,692 | ||||
| Charity funds | ||||||
| Unrestricted funds |
17 | 17,428,404 | 17,127,692 | |||
| Total funds | 17,428,404 | 17,127,692 |
| STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | STATEMENT OF CASH FLOWS | |||||
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH | 2022 | ||||||
| 2022 | 2021 | ||||||
| Note | E | ||||||
| Cash flows from operating | activities | ||||||
| Net cash | used in operating |
activities | 20 | (1,054,624) | (1,047,133) | ||
| Cash flows from investing | activities | ||||||
| Dividends, interests and rents from investments |
251,114 | 326,922 | |||||
| Purchase Proceeds |
oftangible fixed assets from sale of investments |
(2,300) 1,457,938 |
(7,194) 6,913,342 |
||||
| Purchase | of investments | (786,131) | (5,807,936) | ||||
| Net cash | provided by investing activities |
920,621 | 1,425,134 | ||||
| Change | in cash and cash | equivalents in |
the year | (134,003) | 378,001 | ||
| Cash and | cash equivalents | at the beginning | ofthe year | 615,542 | 237,541 | ||
| Cash and cash equivalents | at the end of | the year | 21 | 481,539 | 615,542 | ||
| The notes on pages 16to 32form part ofthese financial | statements |
| Income | ||||||
|---|---|---|---|---|---|---|
| Fund | Total | Total | ||||
| Unrestricted | funds | funds | ||||
| 2022f | 2022 | 2021 | ||||
| UK investment | income | 191,902 | 191,902 | 269,311 | ||
| Overseas | investment | income | 59,212 | 59,212 | 57,611 | |
| 251,114 | 251,114 | 326,922 |
| Trust Fund | Total | Total | |||
|---|---|---|---|---|---|
| Unrestricted | funds | funds | |||
| 2022 F |
2022f | 2021 E |
|||
| Investment | managers' | fees | 107401 | 107401 | 97,875 |
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| funds | Total | Total | |||||
| 2022 | 2022 | 2021f | |||||
| Human | Rights | 395,000 | 395,000 | 410,000 | |||
| Prison | Reform | 349,500 | 349,500 | 410,500 | |||
| Grant | administration | and | support | costs | 141,374 | 141,374 | 128,343 |
| 885,874 | 885,874 | 948,843 |
| Grants to | Total | Total | ||
|---|---|---|---|---|
| Organisations | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| E | ||||
| Human | Rights | 395,000 | 395,000 | 410,000 |
| Prison | Reform | 349,500 | 349,500 | 410,500 |
| 744,500 | 744,500 | 820,500 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Article 39 | 15,000 | 10,000 | |||
| Baobab Centre for Young | Survivors | in Exile | 20,000 | 15,000 | |
| British Institute of Human | Rights | 10,000 | 10,000 | ||
| Children and Families |
Across Borders | 10,000 | 10,000 | ||
| Detention Action |
20,000 | 10,000 | |||
| ECPAT UK | 15,000 | 25,000 | |||
| Fair Trials International | 15,000 | 15,000 | |||
| Gatwick Detainees Visitors Group |
15,000 | 10,000 | |||
| Her Equality, Rights and Autonomy |
10,000 | 10,000 | |||
| IMARA CIO | 15,000 | 15,000 | |||
| INQUEST Charitable | Trust | 20,000 | 20,000 | ||
| Just for Kids Law (CRAE) | 15,000 | ||||
| Kalayaan | 15,000 | 15,000 | |||
| Learn English at Home (LEAH) | 10,000 | ||||
| Medical Justice | 15,000 | 15,000 | |||
| Migrants Organise |
15,000 | 15,000 | |||
| Hear Me Out (formerly | Music In Detention) | 10,000 | 10,000 | ||
| One in Four | 15,000 | 20,000 | |||
| Pan Intercultural Arts |
15,000 | 15,000 | |||
| Parents against child |
sexual exploitation | 5,000 | |||
| Public Law Project | 15,000 | 15,000 | |||
| Redress | 20,000 | 20,000 | |||
| Refugee Resource | 15,000 | ||||
| Room to Heal | 15,000 | 15,000 | |||
| Safe Passage International |
20,000 | 20,000 | |||
| Snowdrop Project |
15,000 | 15,000 | |||
| Sue Lambert Trust | 10,000 | ||||
| The National Working |
Group Network | 5,000 | |||
| Womankind Bristol Therapy Centre |
20,000 | 20,000 | |||
| Women's Counselling |
and | Therapy | Service | 15,000 | |
| Yarl's Wood Befrienders | 15,000 | 15,000 | |||
| Total Human Rights |
395,000 | 410,000 |
| 2022 | 2021 | |
|---|---|---|
| Asylum Welcome Beating Time Birth Companions Bounce Back Foundation |
20,000 10,000 25,000 |
15,000 10,000 25,000 |
| Butler Trust | 15,000 | |
| Changing Tunes Circles South West Clean Break Theatre Company CLINKS |
10,000 10,000 15,000 |
10,000 10,000 20,000 10,000 |
| Fine Cell Work | 20,000 | 10,000 |
| Geese Theatre Company Good Vibrations Hardman Trust Horse and Bamboo Theatre Koestler Trust Longford Trust |
10,000 10,000 10,000 21,000 14,000 9,000 10,000 |
10,000 20,000 10,000 18,000 14,000 8,000 10,000 |
| Mind in Camden irene Taylor Trust (Music in Prisons) PACT Prison Arts Foundation |
10,000 15,000 10,000 |
15,000 10,000 15,000 10,000 |
| Prison Reform Trust Prisoners' Advice Service Prisoners' Education Trust |
40,000 20,000 20,000 |
30,000 10,000 20,000 |
| Reading Agency Safer Living Foundation |
15,000 | 10,000 15,000 |
| Shannon Trust |
20,000 | 20,000 |
| StandOut Programmes |
15,000 | 15,000 |
| University ofCambridge Women in Prison |
(25,000) 10,000 |
10,000 10,000 |
| Yorkshire Youth & Music |
5,500 | 5,500 |
| Total Prison Reform | 349,500 | 410,500 |
| 2022 | 2021 | |
| E | ||
| Total Grants | 744,500 | 805,500 |
| Support | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| Grants | costs | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| E | ||||||||
| Human | Reform | 395,000 | 395,000 | 410,000 | ||||
| Prison | Reform | 349,500 | 349,500 | 410,500 | ||||
| Grant | administration | and | support | costs | 141,374 | 141,374 | 128,343 | |
| 744,500 | 141,374 | 885,874 | 948,843 |
| Total | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| f. | ||||
| Staff costs | 99,989 | 95,190 | ||
| Depreciation | and amortisation | 1,899 | 1,778 | |
| Office expenses | 2,941 | 730 | ||
| Computer costs | 2,475 | 1,763 | ||
| Telephone | 1,896 | 1,842 | ||
| Travel expenses | (622) | 128 | ||
| Subscriptions | 2,723 | 2,615 | ||
| Office rent | 22,044 | 16,322 | ||
| Bank charges | 73 | 69 | ||
| Insurance | 417 | 721 | ||
| Governance | costs | (see below) | 7,539 | 6,965 |
| Conference | expenses | 220 | ||
| 141,374 | 128,343 | |||
| Governance | costs | |||
| 2022f | 2021 F |
|||
| Auditor's remuneration |
5,145 | 4,905 | ||
| Auditor's non audit costs Trustees expenses reimbursed |
2,060 334 |
2,060 | ||
| 7,539 | 6,965 |
| 2022f | 2021f | |||
|---|---|---|---|---|
| Realised gains/(losses) | on listed securities | 1,019,747 | 2,701,873 | |
| Unrealised | gains/(losses) | on listed securities | 23,126 | 683,777 |
| Total | 1,042,873 | 3,385,650 | ||
| Staff costs | ||||
| 2022f | 2021f | |||
| Wages and | salaries | 84,338 | 80,040 | |
| Social security costs | 9,591 | 9,257 | ||
| Pension | 6,060 | 5,893 | ||
| 99,989 | 95,190 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| 2022 | 2021 |
| No. | No. |
| 1.7 | 1.7 |
| Office | |
|---|---|
| equipment | |
| Cost or valuation | |
| At 1 April 2021 | 19,751 |
| Additions | 2,300 |
| At 31 March 2022 | 22,051 |
| Depreciation | |
| At 1 April 2021 | 19,751 |
| Charge for the year | 460 |
| At 31 March 2022 | 20,211 |
| Net book value | |
| At 31 March 2022 | 1,840 |
| At 31 March 2021 |
| Listed | |||
|---|---|---|---|
| investments | |||
| Cost or valuation | |||
| At 1 April 2021 | 16,584,040 | ||
| Additions | 786,131 | ||
| Disposals | (1,457,938) | ||
| Realised/unrealised | gains | 1,042,873 | |
| At 31 March 2022 | |||
| 16,955,106 | |||
| 2022 | 2021f | ||
| Listed investment | comprise: | ||
| UK fixed interest stocks | 785,948 | 1,370,618 | |
| UK equities and convertibles | 4,101,047 | 3,621,630 | |
| Overseas fixed interest stocks | 615,771 | 602,810 | |
| Overseas equities | and convertibles | 9,397,850 | 9,173,979 |
| Property | 813,196 | 725,153 | |
| Commodities/Other | 1,241,294 | 1,089,849 | |
| 16,955,106 | 16,584,039 |
| 2022 | 2021 |
|---|---|
| E | |
| 21,118 | 4,502 |
| 2022 | 2021 |
|---|---|
| F | |
| 464,035 | 588,888 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| Other creditors | 45,000 | ||
| Accruais and deferred | income | 35,516 | 37,147 |
| 35,516 | 82,147 |
| Statement of | funds - current year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | Transfers | Gains/ | 31 March | |||
| April 2021 | Income | Expenditure F |
in/out | (Losses) f |
2022 | |
| Unrestricted | ||||||
| funds | ||||||
| Income Fund | ||||||
| (unrestricted) | 251,114 | (744,500) | 493,386 | |||
| Trust Fund | ||||||
| (unrestricted) | 17,127,692 | (248,775) | (493,386) | 1,042,873 | 17,428,404 | |
| 17,127,692 | 251,114 | (993,275) | 1,042,873 | 17,428,404 | ||
| Statement of | funds - prior year | |||||
| Balance at | ||||||
| Balance at | Transfers | Gains/ | 31 March | |||
| 1 April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |
| E | E | F | E | E | ||
| Unrestricted | ||||||
| funds | ||||||
| Income Fund | ||||||
| (unrestricted) | 326,922 | (820,500) | 493,578 | |||
| Trust Fund | ||||||
| (unrestricted) | 14,461,838 | (226,218) | (493,578) | 3,385,650 | 17,127,692 | |
| 14,461,838 | 326,922 | (1,046,718) | 3,385,650 | 17,127,692 |
| Balance at 1 | Transfers | Gains/ | Balance at 31 March |
||||
|---|---|---|---|---|---|---|---|
| April 2021 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| K | K | K | K | ||||
| General funds | 17,127,692 | 251,114 | (993,275) | 1,042,873 | 17,428,404 | ||
| Summary | of | funds - prior year |
| Balance at 1 April 2020 |
Income | Expenditure | Transfers in/out |
Gains/ (Losses) |
Balance at 31 March 2021 |
||
|---|---|---|---|---|---|---|---|
| E | E | E | |||||
| General | funds | 14,461,838 | 326,922 | (1,046,718) | 3,385,650 | 17,127,692 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 F |
2022f | ||
| Tangible | fixed assets | 1,840 | 1,840 |
| Intangible | fixed assets | 4,317 | 4,317 |
| Fixed asset investments | 16,955,106 | 16,955,106 | |
| Current assets | 502,657 | 502,657 | |
| Creditors | due within one year | (35,516) | (35,516) |
| Total | 17,428,404 | 17,428,404 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2021 | ||
| E | E | ||
| Intangible | fixed assets | 5,756 | 5,756 |
| Fixed asset investments | 16,584,039 | 16,584,039 | |
| Current assets | 620,044 | 620,044 | |
| Creditors | due within one year | (82,147) | (82,147) |
| Total | 17,127,692 | 17,127,692 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Net income for the year (as per Statement of Financial Activities) | 300,712 | 2,665,854 | |
| Adjustments for: |
|||
| Depreciation charges |
1,899 | 1,778 | |
| Gains/(losses) on investments |
(1,042,873) | (3,385,650) | |
| Dividends, interests and rents |
from investments | (251,114) | (326,922) |
| Decrease/(increase) in debtors |
(16,616) | ||
| Decrease in creditors |
(46,632) | (2,192) | |
| Net cash used in operating | activities | (1,054,624) | (1,047,132) |
| Analysis ofcash and cash equivalents | ||
|---|---|---|
| 2022f | 2021 E |
|
| Cash in hand | 17,504 | 26,654 |
| Investments | 464,035 | 588,888 |
| Total cash and cash equivalents | 481,539 | 615,542 |
| At 1 April | At 31 March | |||
|---|---|---|---|---|
| 2021 | Cash flows f |
2022 | ||
| Cash | at bank and in hand | 26,654 | (9,150) | 17,504 |
| Liquid | investments | 588,888 | (124,853) | 464,035 |
| 615,542 | (134,003) | 481,539 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | ||||
| Not later than | 1 year | 18,187 | 17,502 | |
| Later than | 1 year and not later than 5years | 6,160 | 21,413 | |
| 24,347 | 38,915 |