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||||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||||
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||||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||||
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|||||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|
##
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##
||||||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|